diff --git "a/reddit_finance_43_250k_205.txt" "b/reddit_finance_43_250k_205.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_205.txt" @@ -0,0 +1,10000 @@ + +**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. +Let me start off by saying that 2018 was actually a decent year for my fiance and I. We got engaged, I got a job that suits my mental needs more than anything I've ever had, and he got a job that doesn't make him miserable or cause his bad leg (which has steel plates in it) to act up. + +But one of our favorite moments of 2018, besides the engagement, was in the final days of the year...WE WERE FINALLY ABLE TO AFFORD A MICROWAVE!! We were using the one his sister had when she was living with us for a short time, but someone broke in to our trailer and stole it. They left behind the Keurig that I've had forever, the tv and Roku that were given to us, and the PS2 that I've had since middle/high school but stole the microwave. + +We've been trying to get back on our feet as quickly as possible and because of that, we've never been able to replace the missing "piece" of our kitchen and trying to heat leftovers felt like a hassle. But due to some fortunate events, he told me to pick one up the other day when we were at Walmart getting groceries. + +I guess there's really no point to this story, but I just wanted to share that little bit of success with you guys! + +Happy New Year, everyone!! +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +So, after reading a few posts it seems I fucked up and bought VUL at $8.30 thinking it would rocket once production started. Seems like that’s already priced in. Should I sell or is there a chance it goes up eventually (I’m happy to hold for as long as it takes) or is it a dog that needs to be put down? + +Also, genuine question, are we really just gambling here? Is there too much manipulation to really predict the future? +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/ywAGqfUAQE) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Bit of a rant but this week has been a bad week for me. Did my first ever DD on a company - ASN @ 0.036. Bought in and the next day I sold for 0.044. My first swing trade yay profit. It continues to climb to 10c. + +Next I did a bit of DD on NZS and thought there was potential. Was going to buy at 0.019 and even told my partner I’m going in. Never did + +Then moved onto DD for VML. Told both my partner and sister about how the company had good opportunity for growth and I believed in the company. Didn’t invest. + +Instead I invested in STM and SBW and I am bleeding red. Also FOMO bought GME at 70. Meanwhile both NZS and VML have started to gain. +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Hey boys, just got my first paycheck at my new job and I am looking for some absolute rocketships. Can you guys recommend the best penny stocks that have the potential to turn into Tendie machines? + +Currently have TNT, 5GG and NVA on a shortlist but an open to anything +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). +I have a sibling that works at (a major US financial institution) as a manager and I had jokingly made a comment about diamond handing, to which he asked if I was talking about cryptocurrency. I told him no, it's a GameStop joke. He quickly went off the deep end into a 20 minute rant that I shouldn't waste my money because it's a dying company hyped up by social media in an effort to fuck over hedge funds. He kept spewing nonsense about how people are underestimating the amount of money and tricks they have up their sleeves and there's no chance of winning. I asked him if he remembers 08 and how things led up to that economic fallout, and he's like "nah this is nothing like that these banks are covered this time." I asked him why he's so certain this is a waste of time and he told me "look man, they have ways of keeping a stock price down that you'd never understand to keep people like that in check." I responded to him with "oh, you mean like naked short selling on FADF through a dark pool and routing buys through {insert exchange here, redacted because what I said was wrong} to keep the price from going up? Or do you mean how they can squeeze penny stocks to pad their books to avoid a margin call?" He didn't respond to any of this. He just answered with "man it's a dying company." I just laughed and said "no worries bro I've only got like five bucks in it to see where it goes." Then we moved on to another subject. + + +I hate that I learned my brother is a shill. But he doesn't need to know I'm an XXX 💎👐🦍and when this 🚀goes to the 🌕 I will not be coming back to save his sorry ass. + +Edit: institution name removed + +edit 2: please excuse my incorrect explanation of hf tricks, I bluffed him and won. Smooth bain here. + +Edit 3: let me be clear about something, I am well aware that I spewed a bunch of invalid nonsense at him. I lack the wrinkles to explain without actively looking at resources. I do, however, know my brother very well. This interaction proved to me that he is a mouthpiece for the institution where he works and it gave me a very good idea of how they talk and the psychological state of their business. That alone is confirmation bias for me. +>“At the start of 2015 there were three countries in the world that were willing to have a strong currency. The Swiss, the Chinese, and the U.S. The Swiss pulled the rip cord overnight. They just ripped it off and said, ‘We are done. We are done having a strong currency. It is too expensive to defend this.’ + +>“And now you have two countries, two countries in the world that are willing to have a relatively strong currency, and it is unsustainable that the rest of the world try and devalue against these two currencies. It is not fair to those two countries. And I think we have got to do something with this. We will never have those real conversations, but if we woke up tomorrow and every central bank in the world raised their interest rates by 300 basis points, the world would be a better place. No currency should move because all the relationships would be the same, but insurance companies would work, pensions would work, savers would work, we would get people out of bank-loan funds, we would get people out of bond funds and they could put their money back in banks and back in government bonds where it belongs.” + +I don't understand the basics. + +Is he saying that because the US (and China) has strong currency that the rest of the world can lower their interest rates? + +Is he saying that the (more or less) world-wide low low interest rates are a big issue? If so, why? + +Is he suggesting the FED should raise interest rates even if it screws up the rest of the world? + +The reason I ask is because 1. I really want to understand these things and 2. I wonder if this guy will be Trump's pick for FED chair. + +Quoted statements via [here](http://blogs.wsj.com/economics/2016/12/14/how-donald-trumps-new-top-economic-adviser-views-the-world/) but it is a paid WSJ subscription. +I know that the C in CPI stands for "Consumer" and that housing does not fall under this category. It just seems bizarre to me that when prices for common goods / services go up by 5% there are steps taken to stop that from happening as soon as possible and yet housing regularily goes up far more than 5% up and no one from either government nor banks seems to care. + +How come that great care is taken to make sure that CPI inflation never goes out of control while home prices are free to increase by any arbitrary value? +To ensure that demands and costs are equal and does this ensure harmony? + +Or am I understanding economics wrong? + +And if so how does profit fit into this? +Back of napkin math says the stock market is worth 25 trillion; placing 1% at 250 billion. + +That's $700 a person. + +Now that I do the math my answer is 'not much' but I'm curious to know what ask economics thinks. +For example, a Five Guys cheeseburger near me went from 6.99 (p0) to 9.99 (p1) over the last (lets say) 4 months. Assume inflation continues at a high rate, and the price continues to rise to (p2). When inflation returns to the 2% fed target, is it even possible to see p0 again or will the price be >p1? +Australia is in the process of negotiations with Peru to strike a free trade deal (PAFTA) with Peru removing most of their tariffs on Australian exports. What benefit (besides an increase in exports and the various flow through effects) would this bring Australia? +Have some tenants, young couple with kids, pay on time..... but frequently contact me about minor things, (doors stick when opening or closing (happens to older homes, i shaved them down), shower door closes too loud and wakes up newborn, too many wasps outside, ants inside home, non stop minor things. He is a finance guy, so he absolutely knows Zero things about small repairs... i hope they never buy a home, they will be lost. My home is middle, upper class. rent to a couple hundred $ below market rent. + +I go above and beyond with them, had some early issues such as a leak through window that took me a while to find/and fix so they were patient. However, anytime they have a small ant problem, they contact me instantly. I had the pest control guy there several times and he told me he can spray every week but that wont fix the problem, they have food everywhere (small kids might drop here and there). I told them that, but they told me thats not true. + +I was there 2 weeks ago did a full outside spray for pests, termites, ants.... didnt see any ants inside the home when i was there. Yesterday they send me pictures and they contact me they have ants on there kitchen island.... here we go again. + +This morning the tenant calls me and the first thing i say is youll have to handle it yourself. Explained to him i do constant pest control and didnt see anything 2 weeks ago,, go above and beyond on accommodations with outside landscaping, he is paying below market rent, and the pest control guy told me you guys are causing the issue... and therefore if he doesnt want me to raise rent significantly to offset this cost to accommodating them with the upcoming lease expiration, he will have to sort the ant problems as they arise. I sent him a link to a wiki page on solving ant problems with borax acid/sugar water. + +Havent been this stern with any tenants before, wondering if i did right by it?. + +&#x200B; + +UPDATE: I have followed up with the tenant. I have informed him that I appreciate them reaching out on issues and i will continue to try to resolve them at my best ability... HOWEVER i need there help on being proactive on ant issues when they arise to make sure they have a pest free home. I will continue to spray per usual, but if they see scout ants issues starting, they will put out borax solution and the Ant Bail Gel kit i ordered and shipped to there house. + +Just to be clear to folks, I rent below market, im just too busy to replace the tenants at the moment (live 5 states away for work reasons, even though the rental properties are in my "hometown").... they know they rent below market, so they should be a bit conscious about wanting to stay at the rate.... they sort of need me, i really dont need them... the market im in, none of my properties stay on the market for 2 weeks. But im not interested in swapping folks, there is a cost associated with it. But i needed to make this point clear. + +A agree with some folks here, I want them to be open about contacting me about issues, I dont want to pay 5x more to fix later because they stopped reaching out. However some boundaries needed to be set, including minor issues. I have informed them to keep a list of non - emergencies and when i come by to swap filters/spray the place I can take care of them quickly. + +Tenants have until February until agreement expires. I am going to gauge how these next few months go. Before i decide to part ways or increase rent considerably to fair market value. +I'm looking at several markets right now and its amazing how fast the prices are jumping and have been for several years. I keep reading how millenials are broke and covered in student loan debt, and that the US middle class is dying - so who is buying all these properties across the country? +**Could a tiny house community in college towns for college kids to rent be a profitable real estate investment?** What I imagine when I say this is anywhere from 5-10 tiny houses on a lot. The would be placed in a circle and in the middle of them all would be like a outside commons area with like a fire pit ping pong table something of interest. I feel this would be a attractive thing to rent for many college kids due to rent being cheaper but also having your own "home" but still have friends around you. I have read that you can buy tiny homes built on foundations for around 51k. (main reason for being on foundation is due to depreciation involved if it was a mobile one.) I have not been able to do market research as too if college kids would want to stay there or not. I personally think its a great idea. Plus I could also add homes to the group if I saw a growth in demand. With success maybe establish other locations at different colleges. What are your guys thoughts on this investment? + +Sorry if this doesn't make sense I have a hard time putting my ideas to paper so people can understand them easily. + +Summary- Tiny house community in college towns near colleges for college kids to rent out while going to school +Hi all - I'm a first home buyer and we're about to go unconditional on a house. It's a grim questions but I'm someone who likes to know worse case scenarios, even if they're unlikely... What happens if something really dramatic happens and you can no longer pay your mortgage? Like, do the banks give you a few months to sort your s\*\*\* out if it's really bad? Do you go bankrupt? Does the bank swoop in and list it at auction and you just get told to get out, good luck, start from 0? Or do you still have the debt AND no house? (We've taken out very good insurance in case of major illness/injury or death, but still). I've been up since 3am worried as this is the biggest commitment I've ever made and I'm freaking out a little bit. We're long time renters who saved for 10 years to buy so I guess that adds to the stress. Nearly all our mates got parent handouts from their deposits 5-7 years ago (not bitter, good for them!) but I feel like we're extra worried because we had to watch the dollars climb to get there. I guess I just want to get a really good understanding of the worst possible scenario. We have two toddlers if that makes any difference, it definitely adds to the worry haha. Thank you in advance :) +Anyone feel like they are living a financially stable but boring life? + +I work hard, pay my mortgage, pay the bills, save for rainy day, my pension isn't big for a 30yr old but I am working on it. + +I feel like I live a boring life, mostly I work work work, barely take any holidays because A) I feel like I want to see everything but everything requires a long time off from work and B) I feel overwhelmed about holiday planning so I just kick the can down the road. + +On top of this I am constantly told about impending crisis (Brexit, rising costs etc etc) and so it makes me worry more so I save and save. + +I feel like I don't enjoy my life and day by day I am getting older. +I’m sure by now most of you have seen yourselves, heard, or even been banned from bets for GME related talk. A lot of you are clearly very upset, and have even stated your intent to brigade the sub and wear the ban as a badge of honor. These apes are going to get our sub shut down. + +This whole saga has given many of you main character syndrome. Yes, a lot of bad actors ARE out to get you. But that doesn’t mean everyone is. We have our own sub dedicated to everything GameStop. We have our own set of rules on how we operate, and we expect them to be followed. Their sub is no different. If they no longer wish to discuss gme, then they are well within their right. We have an entire subreddit to ourselves, and we welcome new apes every day. We don’t *need* to brigade over there. They’ll come to us if they want. + +I just finished listening to their talk, and the mods answered 2 hours of questions and had a very civil discussion regarding the matter. They don’t hate GME. They simply want to discuss other tickers without apes bombarding the comments with emojis. It damages their content and makes people want to leave. + +Remember what it means to be an ape. Take the high road, be kind, and be like RC: silent. + +Last but not least, BUY HODL DRS +A colleague and I are thinking of putting together a crypto-currency tax primer to publish in a law journal this year focusing specifically on tax treatment, risks, and strategies. He's a tax lawyer and I litigate securities, business contracts, and occasionally tax issues. + +In particular, we're interested in taking the IRS 2014 guideline (issued in response to bitcoin's explosion earlier the year prior) and suggesting the best ways to minimize any crypto investor or trader's tax burden while still complying with US tax law. + +I imagine there's a lot of interest in that in this subreddit and in crypto generally. I've seen a handful of (very helpful) articles in the past, but I wanted to gauge the interest in a practical guide, as well as an academic paper on the state of crypto taxation in the US and globally as well as policy considerations going forward. + +Would love to get some feedback from ethtraders and, if you have any sources that have been helpful in your own tax planning, please send them along. Thanks in advance, + +Ret +So long story short, due to the pandemic cancelling my plans of going to Japan for the Olympics this year, I have roughly l +an extra £1000 which I have saved up (it's a little bit more than that but I put the rest into my savings). + +Now I could do the standard things of putting it all into savings or treating myself to a few nice things, but instead I've decided I want to invest it. In my budgeting plan it is risk free money for me as I had originally planned to put it towards a holiday which I don't intend to go on anymore. With my savings interest at 0.01% as well, putting it into savings will just be dead money. + +The issue is, I am literally so confused as to how stocks and shares work. I've been buying and selling cryptocurrencies for a few years so I'm used to that side of things but it's more just how to actually be able to buy stocks. + +From what I understand I need a stocks and shares ISA. How do I open this? Would I be able to open it if I'm still a university student? Is £1000 enough to open an account? + +From there, I've heard you then may need someone to actually manage your shares. Is this really necessary? I've seen some banks literally just work like a standard ISA but then let you "risk" your money to varying degrees. + +It's just these basic initial steps that are confusing me as the information online is so convoluted. I just need someone to explain the process simply to me. + +Thank you! + + +Edit: thanks for all the help! I kinda went to sleep just after I posted this and was shocked to see how many people had replied! +Hello fellow investors! + +I've received several messages lately asking how I find investment opportunities. Rather than putting minimal effort into those individual replies, I put more effort into putting my thoughts in writing for anyone to read. + +I am by no means an expert, and have no clue what I'm actually doing, so I wouldn't recommend listening to me. I hope my investment journey inspires you to enjoy your own investing journey, and we all continue to challenge each other to become better investors. + +&#x200B; + +# 1. Look in places where others will not + +If someone asks you 'would you invest in x', and your answer is anything other than, 'it depends', you're thinking the way I used to think. Four years ago I worked with a businessman who was very successful in real estate development. He attributed his success to his philosophy that he will always take time to listen and consider an investment proposal. If he finds a chance to invest in something, the answer is always yes, he wants the chance to learn more and fully understand the opportunity. When the terms aren't favorable to him he won't invest, but often enough those investments that he shouldn't have even considered according to conventional analysis turned into much greater returns that he could have found elsewhere. This type of value is often hidden, easily overlooked and usually difficult to quantify. + +My approach takes a lot of time, I spend around 4 hours each day researching companies. There's always something to learn from my research even if I don't end up making an investment in a company. Curiosity makes an excellent research partner. + +My primary target is undervalued companies, not stocks that will create long term value over time. I want something that I can buy today for $1 knowing at the very worst I will sell it for $0.50, but optimistically can sell it in 6 months for $10. More on how this can be profitable later. + +&#x200B; + +# 2. Dig through the dirt for trades that won't show up on a screener + +My research process is far from glamorous or tech savvy. If Keith Gill's style is the Roaring Kitty, mine is the Caffeinated Pig. I sit in a coffee shop with a caramel latte, go to otcmarkets website, filter by OTCQB, QX and Pink Current (because that's all Vanguard lets me trade), and dig through that list of 1400 mostly trash companies to look for hidden treasures. + +I probably spend about 5 minutes on each company before I move on, unless I see potential and then I'll spend a lot more time. There's no way that the 2 week old 8K that implies a beautiful future for a company will show up on your screener. I do this 5 days a week for at least 4 hours, and have done this for around 3 years. And that's it, that's how I find companies to invest in. + +&#x200B; + +# 3. Prioritize signs of good capital management and protective corporate structure + +The companies that are traded OTC usually have pretty dismal financial statements, either due to lack of data, or they're simply hot messes that no sane person would ever invest in. Often they're hot messes with a limited history, so I don't put too much weight on comparing ratios to industry averages and those types of fundamental analysis. + +Instead I want to see how the company is structured. + +How many investors? How many lenders hold convertible debt? What are conversion terms? Did anyone involved with this company manage a publicly traded company in the past? What happened to that company? Is their attorney a scumbag who I won't name here but seems to specialize in pump and dumps? Have their investors previously invested in companies that turned out to be pump and dumps? Who owns the majority of shares? What types of shares are there? How has share structure been managed? Is the company set up in a way that it's easy to benefit the CEO, Investors and Preferred shareholders and the expense of common stock holders? How much capital on hand before the next S1/dilution? These are the sorts of things I ask myself when researching a company. + +I want to protect my capital, and need to know there aren't conflicting interests inherent in the company structure. I love to see strong ownership structure with insiders owning a large majority of common shares. A great example of very strong ownership and share structure is USDR, I just published my research on them if you're interested in seeing what I mean. You can find it in my post history. + +&#x200B; + +# 4. Imagine the extremes + +My love for investing is directly correlated to my ability to be creative in my trades. I dreamed that AsiaBroadband would go viral, and even wrote a DD on it when it was back at a penny (also in my post history). My mind is still blown that the stock not only did what I imagined was possible but to an even bigger degree!! I owned 4.3million shares back when it was at a penny. I sold most by $0.14. three days later it hit $0.60. + +I learned that I didn't dream big enough. + +By imagining the extreme's of both bullish and bearish situations that could impact a stocks share price, I structure my portfolio in a very speculative, maximum upside minimum downside theory. + +&#x200B; + +# 5. Embrace risk, and structure it + +Every time my dad gives me a hard time about my high risk investments, I remind him of his 'safe' investment in the 'Value Stock' Charter Communications back in 2008 before they filed Chapter 11. Common stock holders lost everything, my dad lost $15,000 (at the time I was 18, he was the sole wage earner in our family and only made $40,000/year and was planning to use that money for my college). Shout out to Paul Allen for screwing over the little guy. + +I invest in some pretty sketchy companies, so what's the point of evaluating risk in a fundamental sense if this stuff happens on the major exchanges? Also, do I really care about volatility in a company when a stock price has been bouncing 5-10% every day for the last month? No, I care about volume, I want to be assured that I can get my money out quickly if Mr. Market decides the price should go down dramatically. Here are some other considerations that impact risk. + +* If a company has strong performance by fundamental standards and very little downside, but limited upside, I will usually pass. +* If a company has terrible performance by fundamental standards, but limited downside and lots of upside, I will dig deeper +* I like companies with limited downside, generally no more than 100% above the 52 month low, with daily volume at least 5x my investment, but with 10x-40x upside potential based on market cap and current share structure. This is all totally subject to change given the situation. +* Fox example I have $60k in LexaGene right now, and the daily volume on that stock sometimes dips to around $20,000 traded per day. If some terrible news comes out about LexaGene, there's a real chance I could lose the majority of my investment because there's not enough volume for me to liquidate my position quickly. I accept this risk given the 13x minimum upside potential with a company and product that I really believe in. This is the type of investment I can make 9 times in a row and be wrong, and on the 10th time when it runs 13x I'll have $240,000 more in my investment account than before I made those last 10 trades. That's a 400% return. +* Technology, anything that scales, biopharma, acquisitions/mergers and any kind of government contracts usually seem to be what I end up investing in. +* My portfolio is usually between 5 and 7 positions representing 15-30% of my portfolio in each stock, and 10-20% cash. +* I monitor my portfolio daily, and keep an eye on news using the 'News Dashboard' on Koyfin. + +&#x200B; + +# 6. Don't just project financials, project potential + +I do project financials, but don't put a lot of stock in my projections. The real purpose of projecting financials is to help me determine the upside potential that a situation has. A current example that illustrates this perfectly is in the diagnostic space, LexaGene (LXXGF) and Zomedica (ZOM). + +LexaGene is almost entirely undiscovered. Volume on slow days equates to around $20,000 per day in shares traded. LexaGene has a market cap of $150million, with a product that is designed to meet demand in a much broader market than Zomedica, with tech that's arguably superior to Zomedica, enough cash on their balance sheet to last them another 9-12 months, and is currently going through FDA EUA application and projected to receive EUA in the next 2 months to begin COVID screening (which by the way, LexaGene's MiQLab is the only product of it's type that can screen for up to 24 strains of COVID in a single test. Talk about future proofing. I could go on and on about LexaGene, but will stop now and just write a DD on it later this week. + +Zomedica on the other hand has a market cap of $2billion, with no sales, has limited themselves to veterinary market (which is greatly suffering right now due to disrupters like Chewy that are siphoning revenue away from veterinarians) and their tech has no real differentiator when compared to LexaGene's MiQLab. + +My financial projection in this case is pretty simple. I believe LXXGF has more earning potential than ZOM, so it's safe to assume at least a similar market cap once LXXGF becomes more widely known. $2billion/$150mm, for a conservative estimate of LXXGF running 13x with very limited downside risk. + +&#x200B; + +# 7. I invest in fundamentally poor companies, so I don't miss the 'bad' winners + +I don't have a lot of faith in my stock picking ability. Generously figuring if I could be right 50% of the time, and if I were to only invest in the 'good' companies by conventional analysis, I would miss out on half of the winners that I deemed 'bad investments'. + +What if there was a way to not miss out on the 'bad' winners? There is, I do it through risk management and portfolio structuring. + +I make fundamentally bad investments that have limited downside, and 10x-40x upside when I imagine the wildest upside scenario possible. Then I actively manage my downside risk, I'll typically start to exit a position at 20% down from my average price per share. I'm accepting a 20% loss in pursuit of a 10x-40x return. Even if I'm only right 1 in 20 times on a 10x play, I still make a 620% return over those 20 investments. + +&#x200B; + +# That pretty much sums up my investment style. I don't recommend it, but I sure enjoy what it has done for me :) + +&#x200B; + +**For anyone who cares, the following is a little insight into my beliefs that have shaped my investment strategy.** + +&#x200B; + +I believe we are conditioned to think in a binary way. Black or White. Right or Wrong. Good or Bad. Reality suggests that very few things are binary and the 'Truth' more often than not lies somewhere in the middle. A really smart guy once wrote 'there is nothing new under the sun' and yet I used to think that my new screener setting would lead me to the moon with tendies. Like someone else hasn't tried that screener setting before. + +Investing is a welcoming home for a binary thinker, a place where the Right or Wrong mind can always seek to make the 'right decision' and find plenty of support to reassure him that he made the right decision and comfort him on his loosing trades. The truth is, there is no right and wrong in trading. + +If you make money on a trade, you made money. It doesn't mean you made the right decision, it means you made a decision that made you money. Same when you loose, you made a decision to sell at a loss. You didn't make the right or wrong decision. You can make every decision right and still lose money. Benjamin Graham called this 'Mr. Market', somedays Mr. Market will give you a deal and sometimes he'll offer you a really good deal, but usually you're stuck with mundane deals and lots of bad deals. + +My target return is very ambitious, I shoot for 20% a month compounded, so an annually return of \~890%. That's ridiculous you say? Why yes, it is! And it makes me happy to get out of bed and pursue this ridiculous goal. I want to love this journey. + +A few years ago I came to a point where I considered giving up trading because I felt like a failure. I was making money on 'bad decisions' and losing money on 'good decisions'. I didn't have a clue what I was doing. Thankfully I received some much needed guidance and inspiration from people much smarter than me, and realized I needed a different investment strategy. I still don't have a clue what I'm doing, but I'm much happier and much more profitable doing it. + +&#x200B; + +Thanks for taking time to read my experience and philosophy, I hope you found this useful in your investing journey. + +BT +Epicurus was one of the most important philosophers of the ancient world, but unfortunately since his philosophy was not compatible with Christianity (he believed the soul died with the body) most of his writings were destroyed by early extremist Christians, and he fell out of favour, which led to him not being as well-known today. + +He preached living a simple life, not chasing wealth, status or fame, but rather pursuing more meaningful ends - spending time with friends and family, in nature, appreciating life. + +He actually FIRE'd in 307 BC, leaving the social life of Athens to retreat to 'a garden' to live the simple life with his friends. + +You can read more about him on wiki, I suppose, but here are some quotes: + +* If you wish to make Pythocles rich, do not add to his store of money, but subtract from his desires +* He who is not satisfied with a little, is satisfied with nothing +* It is better for you to be free of fear lying upon a pallet, than to have a golden couch and a rich table and be full of trouble +* Not what we have but what we enjoy, constitutes our abundance +* Do not spoil what you have by desiring what you have not; remember that what you now have was once among the things you only hoped for +* The wealth required by nature is limited and is easy to procure; but the wealth required by vain ideals extends to infinity +* Of all the means to insure happiness throughout the whole life, by far the most important is the acquisition of friends +* I have never wished to cater to the crowd; for what I know they do not approve, and what they approve I do not know +Sooner rather than later I'd love to be on my own as I've just turned 32. Here are a few of my current issues: + +&#x200B; + +1. Debt mentioned above. Student Debt and CC Debt over the years. Over usage, my own fault. Student Debt has only been paid via interest, haven't made a dent. CC Debt I was able to collaborate into one big monthly fee via my bank ($320+/month). Working out great. +2. Mother does not work, but she does collect $1000 in Social Security every month. She's very healthy for her age luckily. I could have moved out on my own years ago, but we don't live in the best area and I would not be able to have the thoughts of her living situation in the back of my head all of the time. +3. She's adamant on moving out of state (Sedona, AZ specifically). We live in PA atm. I'd like to support both of us so she wouldn't have to worry about anything. Easier said than done obviously. +4. After Taxes, I make only around $32k/year ($21/hr, $2400/month) + +Monthly Expenses + +* $900 - Rent/Water/Electricity +* $320-500- Debt Payment(s) - CC +* $150-200 - Food (Tough one to calculate here and there per week) +* $100 - Internet +* $120 - Phone (Both bills) +* $70 - Sling, Spotify (Probably a bit too much, but it's mainly for my Mom) + +Can't think about anything more on the top of my head. I usually have $2-300 left over every month for emergencies. + +Just looking to see if anyone else has been in this type of situation before. Made a lot of mistakes since leaving college and I've been feeling stuck for quite some time and just looking for some light at the end of the tunnel. I appreciate any input and hope all of you are staying safe <3 + +EDIT 7:04 EST: I was not even close to expecting such a great group of people giving their insight on all of this. I am forever thankful for each and every one of your comments, and know that I've read every single one of them. I'm going to do my best to move forward with all of your advice and I hope to be posting an update thread in one year's time. + +EDIT 2 7:47am EST: Another 200 comments WTF. I don't get it, I don't understand it just THANK YOU for the support/help. I've already changed my phone plan for next month and have downloaded the budgeting software to keep everything in check. + +This thread will slowly fade, but every one of your comments will never. From the bottom of my heart, thank you all so much. + +<3 +I am currently in a bridge program (a post bacc program that bridges you to graduate program in a field different from your bachelors). I really want to continue but I am 24, only have $2000 to my name, and tired of stress from financial insecurity. So I'd like to take a year or two off, but ideally only a year off, to make and save as much money as possible. I recently got a job offer for 75k a year job in NY (though I am still looking). I'd likely commute by train (about $95 a month). I don't travel often (have actually never been out of the US), I barely spend money on clothes, I do spend a decent amount of money on supplements (I take fish oil for medical problems). I will be living at home, on my parent's insurance. I am fortunate that I do not pay rent. + +so how much can I realistically save? + +edit: was supposed to say 75k, train pass was all wrong as well. sorry everyone I was away this weekend and was not expecting this to get as much attention as it did +"Mr. Neumann is starting a new company called [Flow](http://www.flow.life/), focused on the residential real estate market, [the DealBook newsletter reports](https://www.nytimes.com/2022/08/15/business/dealbook/adam-neumann-flow-new-company-wework-real-estate.html). Notably, it has the financial support of Andreessen Horowitz, the prominent Silicon Valley venture capital firm that was an early investor in everything from Facebook to Airbnb. + +Andreessen Horowitz is considered royalty among early-stage investors, so its backing is a powerful sign of support, and perhaps a rebuke to Mr. Neumann’s critics, who have described his leadership of WeWork as a cautionary tale of corporate hubris. + +The firm’s investment in Flow is about $350 million, according to three people briefed on the deal, valuing the company at more than $1 billion before it even opens its doors. The investment is the largest individual check Andreessen Horowitz has ever written in a round of funding to a company. + +Flow is expected to launch in 2023, and the venture capital giant’s co-founder Marc Andreessen will join its board, these people said. Mr. Neumann is planning to make a sizable personal investment in the firm in the form of cash and real estate assets." +I have a standing SIP on Kuvera on 1st of every month. Everything was fine till last month. This February, funds have been deducted from bank on time, on the 1st, but the order is still processing. Projected NAV date is showing 10th Feb. Is this expected and normal? + +I know there are new NAV rules now, but I thought the delay would be 1-2 days, not 10 days or more? Anyone sharing my experience? +I have started earning last month and wanted to invest 50% of my income into shares. I have prepared a list of 15 companies by fundamental analysis. However I feel the market is overvalued at the moment. It is nowhere close tp 200 EMA or 50 SMA. + +I'm a noob in the market and since this is my first time investing should I wait for few months for a correction or should I start making monthly investments in stocks from now itself? + +In a circular put out on its website on 26 February, market regulator Sebi allowed investors to directly buy and sell mutual funds through stock exchanges without going through stock brokers or mutual fund distributors. + + + +https://www.livemint.com/mutual-fund/mf-news/now-bypass-brokers-and-distributors-to-directly-buy-mutual-funds-from-exchanges-11582729463856.html + +**UPDATE** + +Another article on similar topic: + +https://www.moneycontrol.com/news/business/mutual-funds/sebi-gives-direct-access-to-stock-exchanges-for-mutual-fund-investments-4981161.html +My partner and I are well off- we have good salaries and live a good life. We are both approaching 30s so there’s questions about do we want kids or not in the future. I know that having kids is a sacrifice, but I am just wondering how the hell can regular people afford to have a child or more than one! and still have money for a mortgage and for all the other costs in London? Especially if they don’t have family around to help with the childcare while they work?! It is just not financially viable to have a couple of kids, pay off a mortgage and still be able to enjoy life! +[Previous post](https://www.reddit.com/r/ethtrader/comments/7pj9s6/dont_be_like_me_and_learn_from_my_mistake/) + +About a couple of weeks ago I made a post outlining the importance of not investing money you need for other things, even if you think you might not need them. I was getting by, but I never bought health insurance and ended up developing a brain tumor, [passing out while driving and crashing my car into a po;le.](https://imgur.com/FQBXTA8) + +I sold the last of Ethereum to buy health insurance afterwards and went under surgery seven days ago. I have been in and out of it for the last week from a mixture of pain medication and well, I just had my skull cut into and a chunk of brain matter removed. So that's a lovely mental image. Here are some [stitches for you to enjoy](https://imgur.com/a/1sunK), they're healing quiet nicely. Sorry for the quality, it's a little hard to take a picture of something you can't see. + +They biopsied the tumor after removal and re-confirmed that it was not cancerous. My eye sight has been a little funky afterwards but it's improving every day! Also, another fun fact, health insurance will retroactively cover events that happened within 60 days of enrollment so I'm not as completely fucked as I thought, still pretty fucked. + +Anyways, I just wanted to post this to say thank you all for the such kind words I received on the previous post. I wish I could remain a part of this absolutely amazing community. Hopefully by the end of the year I will be back on my feet, working, and buying Eth! Enjoy the moon fellas! + +**TL;DR** I'm not dead! + +**Edit**: Thank you all so much for the support it's greatly appreciated and makes me feel so much hope for myself and you all. Imgur keeps deleting the stitches picture for some reason but this post is dying so I'm not going to bother updating it anymore. Hope to see you all soon! + +**Final Edit**: I get to go home tomorrow! Well kind of. I'm moving back up North into my brother's in Ohio. Thank you all again! +Hi, fellow investors + +i want to share some concerns about my portfolio which, i believe, can be applied to your portfolios as well + +https://preview.redd.it/rjbejq8jc9i91.png?width=1190&format=png&auto=webp&s=bc0e742120458cb798385c7dbf42cc93e84ccd66 + +My portfolio has yield around 3.3% which is good enough and it's pretty diversified, but you can see that top 5 high yielders make almost 40% of annual dividends (out of 28 companies) + +Point is: if something happens to those 5 stocks, my yield could drop significantly. + +If you assume that investing in ETFs like SCHD protects you from this, you might be wrong + +In SCHD top 5 holdings give around 25% of total yield. Of course it not as much as in my portfolio, but still pretty high. + +https://preview.redd.it/it4qx1y4d9i91.png?width=1173&format=png&auto=webp&s=c092616282f1cc3209f29aad3f40340096dcdb27 + +I guess that you can't build high yield portfolio without concentration in several high yield stocks. + +How do you guys solve this problem? Is this problem at all? +Hi, fellow investors + +i want to share some concerns about my portfolio which, i believe, can be applied to your portfolios as well + +https://preview.redd.it/rjbejq8jc9i91.png?width=1190&format=png&auto=webp&s=bc0e742120458cb798385c7dbf42cc93e84ccd66 + +My portfolio has yield around 3.3% which is good enough and it's pretty diversified, but you can see that top 5 high yielders make almost 40% of annual dividends (out of 28 companies) + +Point is: if something happens to those 5 stocks, my yield could drop significantly. + +If you assume that investing in ETFs like SCHD protects you from this, you might be wrong + +In SCHD top 5 holdings give around 25% of total yield. Of course it not as much as in my portfolio, but still pretty high. + +https://preview.redd.it/it4qx1y4d9i91.png?width=1173&format=png&auto=webp&s=c092616282f1cc3209f29aad3f40340096dcdb27 + +I guess that you can't build high yield portfolio without concentration in several high yield stocks. + +How do you guys solve this problem? Is this problem at all? +Just before covid, my company started two new policies. 1. Everyone who lives within 70km of an office must go to work every day +2. Let's start hiring in cheaper overseas countries + +Once the virus hit, they put the first policy on hold. + +We all started training oversees IT support workers. More and more over the last year. Little did we know we were training our replacements. + +I still have my job, but many of my colleagues were laid off already. My oversees counterpart just finished his training this month. + +I expect this will become the norm in other companies too. My understanding is they cost 1/2 or 1/3 of an Aussie. + +I hope that the government steps in, taxing either the companies or the oversees workers, who are basically importing a service, tax free. + +Otherwise I expect there will be an IT brain drain, like when we moved all car manufacturing and a lot of electronics manufacturing overseas. +Per REG SHO 203 (b)(3) after 13 consecutive Days of being on said list they must closeout these FTD's. We're wondering why our quarterly cycle has ripped yet. The shorts are simply not closing these positions. Yet short interest has increased last month by another 1.3m shares. SI is bare minimum 700%. + +I feel like the NSCC & The SEC are turning a blind eye to these positions. Much like they did to Overstock(dotcom) years ago. + +TL:DR +I truly feel like shorts are pressed against the margin line and if they close these XRT FTDs it would tear them to peices. SEC is allowing this can kick as the whole market is about to collapse anyway. +It's a low volatility stock. + +I don't want to sell naked calls and don't want to own the stock to sell CC. Would a vertical call spread make sense here? Any other strategies? + +&#x200B; + +Thanks! +EDIT: [Posted on medium as well, better formatting](https://medium.com/@musatheredguard/bat-is-not-brave-8f4be1a77a58) + + +**BAT is not Brave** +An evaluation of the Basic Attention Token + + +**Overview** + + +The Brave browser is one of the few success stories of this crypto market cycle. The ad blocking, wallet enabled browser has only gotten better and better as time passes and it's now almost up to feature parity with major players like Chrome and Firefox. + +Prominent influencers such as angel investor Naval Ravikant [claim to use it as their primary browser](https://twitter.com/naval/status/1069065492516679681). + + +A key part of the Brave ecosystem is its native token, the Basic Attention Token(BAT). + + +**High Expectations** + + +According to the BAT whitepaper, BAT is meant to be used as a payment /rev share system in which users and publishers get BAT from an advertiser after they view an ad. + + + +[Visual Representation from the whitepaper](https://imgur.com/a/ScI3Ncy) + + +Brave envisions a world in which users use BAT to pay for all kinds of digital services including "high resolution photos, data services, or publisher applications". + + +**Harsh Reality Settles in** + +After reviewing BAT's token model, I have come to a few conclusions: + + +1) General crypto mania coupled with unbridled enthusiasm about the Brave browser has led to wildly inflated valuations of BAT. + + +2) Even in the best case scenario, BAT accrues minimal value long term. + + +3) Even though the price of BAT has fallen significantly(86% since its all time high) during the bear market, it is still significantly overvalued compared to other payment only tokens. + + +Because of this, I started filling a long term short position in BAT. The purpose of this writing is to explain how I got to these conclusions. + + +**A Favourable Retail Short** + + +Investors get a lot more rational during a bear market. They take a harder look at their portfolios and exit losing positions. + + +For the first time, it is possible for retail crypto investors to bring rational price discovery to ERC20 tokens like BAT by shorting them. + +This is due to the availability of ERC20 token borrowing on [Compound Finance](https://compound.finance) and [Dharma](https://dharma.io/), both permissionless decentralized lending and borrowing protocols. These protocols have risks associated with them so use them wisely. + + +The rest of this writing will explain the reasoning behind the short. + + +**Token Analysis** + + +**BAT's Token Economics** + + +BAT is a payment only cryptocurrency. The token economics of payment only tokens all but guarantee they cannot accrue value long term. [Much has been written about these payment tokens and the velocity problem](https://multicoin.capital/2017/12/08/understanding-token-velocity/). + + +Here's the short version: Given the choice, any user of a service would want to pay for that service in the currency they are comfortable with. I.e People taking loans on Ethereum would prefer to pay for them in ETH or DAI. + + + +Payment only tokens force potential users to pay for services in the payment token. This is huge source of friction and represents an enormous hindrance to adoption. Potential users will simply turn to the competition if friction is high. + + +Even users who persevere through this horrible UX will immediately exchange this token for a currency that they actually value. If there's no incentive to continue to hold this money, users will exchange it as fast as possible causing downward price pressure. + + +Take note of the economic forces at play here: + + +1) Brave, the service company, wants to reduce friction, improve UX and keep users from switching to another browser. + + +2) Brave is incentivized to remove source of friction(the token) altogether or switch to a currency users actually want to use(such as ETH/DAI). + + +3) Brave users do not want to hold the token so they sell it immediately, causing downward selling pressure. + + +**Other payment only tokens feeling the pain** + + +Other payment tokens are plagued by this issue. For example, let's look at Quantstamp, a smart contract auditing company. They did an ICO with their native token, QSP. + + +QSP is a payment only token used by customers to pay for audits. [Turns out Quantstamp had been accepting USD or ETH as payment for audits instead of QSP](https://www.coindesk.com/quantstamp-defends-qsp-argues-us-dollars-ether-accepted-necessity). Its community was livid. + + +Quantstamp put out a statement, saying: + + +"While Quantstamp has accepted QSP, USD, and Ether, the latter two are only accepted for our current offerings and out of client and customer necessity, as not everyone is currently capable of acquiring and using our token," + + +Take note of the wording here. + +*Potential Quantstamp customers did not want to acquire their token to pay for services and they likely lost customers to competitors*. + + +Brave's customers, advertisers, will not want to acquire BAT to pay for services. + +Quantstamp faced a choice and pragmatically chose their customers over token holders. I expect Brave to do the same. + + +QSP is worth $0.015 at the time of this writing(12/12/2018). The circulating supply of QSP is ~600K, almost half of BAT's. + + +[Yet BAT is currently trading at 10 times the value of QSP](https://messari.io/asset/basic-attention-token). + + +**Macro Environment** + + +The regulatory environment in the US has become increasingly hostile to ICO issuers. The SEC has recently taken action against 2 ICO issuers for failing to register as securities offerings and they've shown no sign off slowing down. + + +This hostile regulatory environment is a mine field for ICO issuers like Brave. + + +On the one hand, they can claim their ICO token is a payment only token, more like airline miles or credits than a security. But by that definition, these "airline mile tokens" are inherently not valuable. + + +Again, ICO issuers face a choice, this time between token holders and regulators. + + +**Conclusion** + + +Brave is an innovative product that creates value for their users. Malicious and intrusive ads are a real pain point for users and Brave is solving that problem with smart ad blocking. + + +BAT, on the other hand, is simply a fund raising tool that Brave used during the speculative bubble of 2017. + + +As the market matures and becomes more rational, payment only tokens like BAT will go to 0. + +**tl;dr: their marketing manager is a racist, and they are essentially a scam, looking to moneygrab 52 million dollars when other similar projects are looking to raise 1/3 the amount** + +Hey fellow ethtraders, I'd like to share some troubling developments with the EventChain project, which posted a promotional blog post on ethtrader this morning: https://np.reddit.com/r/ethtrader/comments/6vr7rv/eventchain_smarttickets_dapp_frontend_web2/ + +I posted a calm criticism in the comments: "It is always a little concerning to see yet another ICO raising funds in competition with existing projects like Aventus and Blocktix. The value prop for the coin also isn't very good, as you can simply purchase tickets with fiat or other cryptos, which would be the core transaction activity on your platform." + +In response, I received a private message from Jonathan Waller (d3t0x1), the project's Marketing Manager as listed on their website (https://eventchain.io/), as well as a moderator on their subreddit (https://np.reddit.com/r/EventChain/). The subject of the PM: **ching chong wing wong** + +proof: http://imgur.com/a/pg6Ox proof: https://sourceforge.net/u/d3t0x1/profile/ proof: https://np.reddit.com/user/d3t0x1/submitted/ + +He continued to personally attack the Aventus project, claiming: "Those guys are a joke with sly talkers the alpha is complete garbage." In Aventus' defense (I don't own any as their ICO hasn't even taken place), their co-founders are both experienced developers with masters degrees from Imperial College London, who together have experience at reputable firms including Deloitte and Goldman Sachs (https://www.linkedin.com/company-beta/15212509/) + +Of course, I was pretty triggered by the message I received and decided to do some due diligence on EventChain, just in case ;). My findings were not positive. + +Their CEO is Ashton Addison, who some of you may recognize from the YouTube channel CryptoCoinShow. I haven't watched many of their vidoes, but I did recognize his face from this video, shilling XRP and making unsubstantiated claims that XRP saves banks an additional 30% vs. other cryptos: https://www.youtube.com/watch?v=bxKu0HsDoOA + +Furthermore, the sum totality of Ashton's experience (Linkedin https://www.linkedin.com/in/ashtonaddison/?ppe=1) is as "CEO/President" of defunct Therapy Marketing Hub (http://www.therapymarketinghub.com/) and "Major Sales Assistant" at Costco: "...a self-managed job with tasks including retail selling of TV's, computers, printers and home theatre equipment. The job mainly focuses on one on one customer service. It also includes managing inventory levels. Majors' salesmen also prepare the jewelry case and handle selling of jewelry up to $20,000." He has no other professional experience since 2014. + +Investigating EventChain's website further, I found a pretty website but not much substance (https://eventchain.io/). Their landing page contains a standard "In the Media" section, except the Reuters link goes nowhere (https://share.insider.thomsonreuters.com/link?entryId=0_p9eyphud) and the extent of their mention in a Huffington Post Contributor article (http://www.huffingtonpost.com/entry/59814550e4b02be325be0227) is "Blockchain technology has a significantly more secure authentication system than institutions currently have in place. It has been utilized by EventChain SmartTickets to deliver event tickets using blockhain, as well as in a host ofther applications." **That's it.** + +On to the white paper... sole developer Jesse Couch's bio reads like it was written by Trump himself: "**Jesse is a crypto legend. Ethereum genesis block holder. Numerous 1000x and 100x returns on top crypto projects.** Jesse is a veteran in the cryptocurrency industry, with extensive knowledge and programming experience as a developer of cryptocurrencies and tokens as well as working in Linux, Apache, MySQL and PHP development languages. **Being a top world class developer allowed Jesse to easily pick the best projects to participate in.** Entering the blockchain space in early 2011, he has long term experience trading bitcoin, altcoins and currently manages the Shares Per Hour Virtual Reality Business Networking blockchain platform, integrating blockchain business with virtual reality on the forefront of innovation." + +Furthermore, the white paper does not once state the actual total amount that EventChain is seeking to raise in their ICO. I did the math - **7.7 million for the presale, 31.32 million for phase 1, and 13.2 million for phase 2, a total of over 52 million dollars** for a blockchain ticket platform that is already being built by Blocktix and Aventus. What are their fundraising targets you ask? The Aventus ICO is capped at far more reasonable 15 million (https://blog.aventus.io/aventus-token-sale-full-details-383314e36c95). + +Of the 52 million EventChain is seeking to raise, 58.4% (30.3 MILLION DOLLARS) is going to be allocated to marketing alone, in the hands of a guy who decided to PM somebody who offered a piece of honest criticism on their ethtrader shill post with the subject ching chong wing wong. + +I have purely shared facts and invite you all to come to your own conclusions. As a community, we have made clear our view that unnecessary money-grabbing ICOs are not acceptable. In addition, the discourse used by Jonathan Waller is completely unacceptable for a key member of any project in any industry. Thank you all for your time. + +The Dow Jones Industrial Average headed for its biggest loss since 2020 on Wednesday after another major retailer warned of rising cost pressures, confirming investors’ worst fears over rising inflation and rekindling the brutal 2022 sell-off. + +The Dow shed 1,255 points, or 3.8%, or the average’s biggest decline since October 2020. The S&P 500 traded 4.3% lower, the biggest drop since June 2020. The Nasdaq Composite slipped 4.9%, the largest fall in the tech-heavy index since May 5. The selling was broad and intense on Wall Street with just 13 members of the S&P 500 in the green. + +Markets returned to heavy selling after two back-to-back quarterly reports from Target and Walmart stoked investor fears of rising inflation. It’s the fifth Dow decline of more than 800 points this year, which all occurred as the stock sell-off intensified within the last one month, according to FactSet data. + +“It’s clear that transportation costs matter and they’re impacting [some of] the largest companies,” said Kim Forrest, founder of Bokeh Capital. “So I think investors are scratching our heads going, ‘so, who’s next?’ And they’re giving visibility into what’s happening with the consumer.” + +Target shares tumbled more than 27% Wednesday after the retailer reported first-quarter earnings that were much lower than Wall Street estimated because of higher costs for fuel and compensation. The retailer also saw lower-than-expected sales for discretionary merchandise like TVs. + +The retailer’s report comes right after Walmart on Tuesday posted earnings that fell short of expectations as it too cited higher fuel and labor costs. Walmart shares ended Tuesday lower by 11%. They were down another 7% on Wednesday. + +“The consumer is challenged,” said Megan Horneman, chief investment officer at Verdence Capital Advisors. “We started to see at the end of the year that consumers were turning to credit cards to pay for the rise in food prices, rise in energy prices, and that’s actually gotten much worse. ... This is going to hurt those bellwether retail places and Walmart tends to be one of them.” +I just want to thank everyone who has posted on PF for their advice/stories of how they paid off their student loan debts because it has helped me SO much in figuring out how to keep on top of my finances and get me into a better financial position. + +When I graduated 5 years ago, I had over $90k in student loan debt with interest rates ranging from 6.8%-8.25%. I made the mistake of moving to the Bay Area while taking a 30% pay cut and quickly realized that I was in over my head financially with over $1k a month in student loan payments. For the first year and a half out here, I didn't buy a car and relied on public transportation, walking, and generous friends to get places (which allowed me to have some social life) and put as much money as I could each month against paying off my student loans. Any bonus or additional money I got was split between my emergency fund and my student loan balance. I used a snowball strategy and targeted the highest interest rate loans first. + +After a year and a half I was able to get my monthly student loan obligation down to a more manageable level (~$800 a month) and leased a car - I used a lot of the advice on PF and other tactics I had learned in negotiation class to negotiate a really good deal on a car lease (when I bought the car at the end of the lease in cash from my emergency fund/card fund, the market value of my car was $2.5k MORE than what I had negotiated the end of lease value to be). + +In addition, in August 2014, I consolidated my remaining $50k in student loans and refinanced them with SoFi and got a 3.035% variable rate for a 10 year refi (discounted to 2.785% for automatic payments) which reduced my student payment loan to $475 a month. I still continued to pay over $1k a month and make balloon payments against the loan (it helped considerably that I had moved jobs and had gotten a 60% pay raise). + +When I got married in May 2015, I still had approximately $30k in student loans remaining and I told my spouse that I wanted to pay them off completely myself since it was my debt. So for the past 7 months, we have lived primarily on my spouse's salary and have been using most of my monthly paycheck to pay off the balance. In October, I refinanced my remaining $15k of student loans again with SoFi to a 5-year variable with 2.15% interest (1.9% with the automatic payment set-up). I made the last payment yesterday and it feels amazing to have those loans gone! + +I took a lot of advice from other Reddit posters and made sure to contribute as much as possible to my 401k, participate in the company's ESPP plan, have a six month emergency fund (which saved me when I got laid off as part of a reorg), and paid off my credit cards every month so I didn't have to worry about additional debt. + +Since I have a lot of friends who are still struggling to finish paying off their loans from the same program, I didn't want to post on FB. But thank you for all of your advice on how to get out of debt. +Corona is causing the worlds economy to take a hit, but for the lucky few of us who still have our high income jobs, it could be a blessing. + +I am in Toronto, and while real estate is still very inflated, it seems like it might be a good time to buy a rental property. + +What are some things you’re doing? +I had approx 100 shares of 5 rs each but after delisting and coming back I now have 1 share of 500 RS and market price is 65 and I have approx loss of 450 + +I read in newspaper about 99% solution of retail shares after patanjali brought it. + +I am not able to understand what happened here... +Hi, please don't delete this. I need to get it right. + +Started learning about personal finance few months ago and started a SIP. Learning more about it my understanding says the "magic of compounding" isn't applicable in SIP. We simply buy an asset every month. And after few years we sell it at the current price of that asset. I have formed an example, please help: + +* Let's say I start an SIP of 1000 rupees per month with the Aditya Birla elss regular growth plan. + +* I invest for 2 months (keeping the example simple) Jan & Feb 2020. In Jan their 1 unit = 100 rupees so I get 10 units. In Feb their 1 unit = 200 rupees so I get 5 units. + +* Assuming I want to cash it out after the 3 year lock in period I can cash out the Jan one in Jan 2023 & Feb 2023 respectively. + +* The profit I will make is just the price of Nav in 2023 - price of Nav in 2020. Correct me if I am wrong. + +How is this then the most preferred way of investment? If I invest, the only thing I need to track is comparing the current NAV with the NAV of the SIP month for that particular month correct? + +Sorry if it sounds silly, but I am shocked that the marketing around SIP is so hyped when it's just we buying an asset and the profit will be the price difference of that asset value when we sell and there's just no concept of interest in it. It's just like buying a house or piece of land, or gold, no? Correct me if I am wrong somewhere please :) + +This sub has been immensely helpful to me in the past so came back to you guys ♥️ +X-post from /r/legaladvice + +Found out recently that me and another person share the same SSN. It's crazy. We have the same SSN and even the same birthday and birth year, but our names are totally different and we live several states apart. I'm in the process of requesting a new SSN and was told it could take months for SSA to review my application. In the meantime, how do I get this addressed with the credit bureaus? + +I actually found out about all this because I'm trying to buy a house and the loan officer asked if I ever went by a different name or lived in a different state. This prompted my curiosity and I pulled my own credit report later. Sure as shit I have a FICO score of 820 (I'm not complaining!) but there are 26 accounts listed (of which 11 of those I know for certain are mine) and there are past employers and residences listed that are definitely not mine. I saw the other "known name" as well and plan to call them about all this once I figure out what to say lol. + +But yeah, based on what I saw in the merged report, the other person is perfectly responsible with finances. I am as well, but I still want to get separated because we are definitely not the same person. How do I do this??? +Trading is no longer about which company will perform well, it's more about finding the other team's fuckery and betting with or against it. When it comes to protecting retail, Bury predicted the '08 crash, screamed it to anyone that would listen, then got investigated and smeared. Now if I were in charge of selecting someone to create a team of investigators, Bury would be the guy I would want to do it. Conversely, if I wanted to keep the crime status quo and profit from it, I would continue doing exactly what they've done for decades. + +just sayin' + +https://preview.redd.it/y3klhdt4zgn71.jpg?width=1100&format=pjpg&auto=webp&s=b01e8132497e83fa0a2cde4730de91e73f55987c +GBPUSD fuking rekting me rn. Literally just screwed bruh. What is the reason for this drop? I seriously don’t understand how inflation leads to the dollar getting stronger? Tf? +EDIT: I meant gbpusd not usdgbp +Hello everyone, + +my plan was to buy 1 share (approx. 97€ currently) of VWCE ETF every month on IB. However, after I bought the first share I noticed that the fee was 1.25€. + +And, since the fee would be pretty much the same if I would buy 2-5 shares, I thought about changing my strategy to buying X shares every X months, where X is not 1 (e.g. 4 shares every 4 months). + +But, what's the upper limit of months that I can do without blowing up the whole point of the dollar-cost averaging strategy? + +Is it maybe the optimal scenario in this situation to buy 3 shares every 3 months or do you have different thoughts? + +**EDIT:** While having the conversation in the comments, I remembered the [Elbow method](https://blog.cambridgespark.com/how-to-determine-the-optimal-number-of-clusters-for-k-means-clustering-14f27070048f) I used previously while programming. The method is a heuristic used so you can find out the "optimal" number of clusters in your dataset by finding the elbow in the graph. + +So I plotted [**the graph**](https://imgur.com/oLWZYhw) for my scenario and got the "elbow" for 3 shares. However, I want to take into account that dollar-cost averaging suggests investing regularly as possible so that I'm not out of the market. + +That's why my conclusion is that the optimal decision would be to **buy 2 shares every 2 months** because the difference in the fee between 2 and 3 months (0.215%) is not sufficient to justify missing out on the market. + +**EDIT2:** Great investment calculator shared by r/-Ricardo: [https://investcalc.github.io/](https://investcalc.github.io/) + +Thanks, everyone, for the help! +Hi, + +I'm a 26 year old software engineer living in Germany. About two weeks ago I learned about ETFs and started educating my self about them. By now I've come up with a portfolio I'm quite happy with. Since this portfolio is for retirement I'm looking at 30+ years of having this portfolio. + +I'm planning on investing 18.5k€ into this new portfolio and save an additional 500€ each month with ETF saving plans setup according to the % allocated for each ETF. Since 2018 the taxing on accumulating vs distributing ETFs is now the same in Germany but I only picked accumulating ETFs since I want everything to be automated as much as possible. + +&#x200B; + +|ETF|% of portfolio|TER %|Expected annualized avg return %| +|:-|:-|:-|:-| +|[iShares Core MSCI World UCITS ETF USD (Acc)](https://www.justetf.com/de-en/etf-profile.html?isin=IE00B4L5Y983&from=search)|50|0,2|9,4| +|[iShares MSCI World Small Cap UCITS ETF](https://www.justetf.com/de-en/etf-profile.html?isin=IE00BF4RFH31&from=search)|12,5|0,35|9,3| +|[iShares Automation & Robotics UCITS ETF](https://www.justetf.com/de-en/etf-profile.html?query=IE00BYZK4552&groupField=index&from=search&isin=IE00BYZK4552)|30|0,4|\+11| +|[iShares MDAX UCITS ETF (DE)](https://www.justetf.com/de-en/etf-profile.html?query=DE0005933923&isin=DE0005933923&from=search)|7,5|0,51|9,6| + +&#x200B; + +I've chosen the MSCI World ETF as the core of my portfolio instead of multiple regional or country specific ETFs to keep it simple. + +The MSCI World Small Cap ETF I choose because historically small cap outperformed larg cap stocks. + +For the Automation & Robotics ETF I'm taking a bigger risk by allocating 30% of my portfolio but I feel that in the long run 20-30 years the risk will pay off since this sector will become more relevant as the industry gets more advanced. My worst case expectation would be similar performance as the MSCI World. The ETF is quite new but has already big gains. I know that historical performance is no indicator for future performance but I'm betting that the perfromance will stay above the MSCI World ETF in the long term future. + +As my last ETF choice I choose an MDAX ETF. The MDAX has outperformed the DAX since it's inception and I figured allocating an ETF in German market might also be a good long term investment. + +&#x200B; + +The "Expected annualized avg return %" in the above table is based on factsheet values from the ETFs and in the case of the "iShares MSCI World Small Cap" based on another longer existing ETF that is tracking the same index. + +Since behavioral bias is one of the biggest enemies of the investor I'll be opening a seperate deposit with my bank thats seperate from my main accounts so I wont see the account when looking into my regular account. I plan rebalancing the portfolio every year if the fees are worth it. + +&#x200B; + +I would love any input and critique on my portfolio choices from you guys :) +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I haven’t heard this term before, but just saw it in [this article](https://www.fool.com/the-ascent/personal-finance/articles/the-new-fire-financial-independence-recreational-employment/) + +I guess it’s pretty much Barista FIRE, but it’s catchy! Lately I’ve been leaning more toward something like this - work in my software engineer job until I have a solid amount of moolah invested, then do something I feel like I’d really enjoy like working in a music store or opening a dog park bar. I could transition before I actually hit my FIRE number and let my investments grow until I’m there, then retire if I want. (CoastFI?) + +Of course, employment in general maybe isn’t so “recreational” no matter what it is. I’ve seen many of you do something like this and realize it’s not fun to have a boss and a schedule again so 🤷‍♂️ + +Anyway, just thought I’d throw another term into the pile of FIRE variations. Happy Friday! +Hey everyone, + +&#x200B; + +I am 27 years old. I am living in a really cheap apartment cost $500/month + internet. I have a $240K net worth and growing. I make $80K a year + benefits. My only real costs besides rent is traveling which I do cheaply every 3-4 months. My net worth breakdown is this: + +&#x200B; + +* $80K in 401K a S&P 500 Index Fund +* $50K in my bank account +* $50K in a Vanguard Total Stock Market Fund (VTSAX) +* $30K in Berkshire Hathaway Class B Shares (BRK.B) +* $30K in American Towers (AMT) + +&#x200B; + +Please help in anything I may want to do/get into to increase my net worth. I am trying to get into financial independence by my late 40's ealy 50's. +https://www.businessinsider.com/tesla-asks-employees-help-delivering-30000-cars-end-quarter-2019-3 + +Edit: Automod said to include some information, not sure if I need to include a synopsis, but basically the article is going into detail about what the headline makes pretty clear. After the store closings, non store closings, layoffs, and recent bond payments, this looks like another piece of evidence for Tesla running out of cash. + +Kind of a shame too, I love Elon Musk as a visionary and I think his companies are overall doing good things for the human race and the planet. Unfortunately, that alone doesn't pay your creditors. I wish they would have taken things slower and kept their focus on the luxury market until they were really ready to attack the mass market, or maybe do some kind of incremental or regional releases until they can scale properly. + +Edit 2: A family member is a contractor for Tesla and hasn't received this email so it must be strictly to payroll employees. Waiting to hear back from him to see if "volunteer" means you still get paid normal wages but move over to deliveries temporarily, or if it means work for free. + +_________________________ +Edit 3: Since people can't get past this argument on what "volunteer" means and Tesla has not made it clear yet, I suggest you all look to the past implementation of this (since many of you are also claiming this has been done before and so it's okay). An article from [March 2018](https://www.vanityfair.com/news/2018/03/elon-musk-wants-volunteer-employees-to-help-prove-teslas-haters-wrong) explains how the "volunteering" was carried out: + +>Because the company is ahead of its targets on the Tesla Model X and the Model S, the production of both models will be paused for the rest of the week, Peter Hochholdinger, Tesla’s vice president of production, told employees in another memo. **Instead, a “limited number” of employees will be given the option to work on the Model 3 line on Thursday, Friday, and Saturday, he wrote, adding that employees could also opt to use paid vacation days or take unpaid time off if they don’t move to the Model 3 line.** (Tesla told Bloomberg that the shutdown of the production of the Model X and the Model S are only happening on Friday, and not Thursday and Friday, and aren’t related to Model 3 production targets.) + +So yes, they were paid if they chose to move over to the 3 line. But the alternative, if they decide they'd rather stick to the job for which they were hired, was to take unpaid time off or use vacation days they had accrued. Make of it what you will because I'm sure many will find a way to put a positive spin on it. In my eyes, if the choice is to take time off or "volunteer" for a job you weren't hired for, it's not longer "volunteering". Regardless of where it lands on your morality barometer, the end result still seems to be to save cash. +Remember when there were 99 versions of mp3 players and everyone thought the path to adoption was larger hard drive space and better mp3 ripping tools and cheaper devices, when what was actually necessary was an expensive stupid-simple huge device that let the least technical people use an mp3-like format? + +this is where crypto is right now. the community is too focused on concepts like wallets and generation 3 coins and decentralized whatever instead of organizing what can be done once a person holds coins. + +where is the simple stupid marketplace? it doesn't exist. + +the idea of wallets and private keys are bullshit (in the sense that no normal person memorizes IP addresses to use websites) + +think about how scary the crypto user experience is to a normal person. I'm sorry, that's never going to happen! get your heads out of your github asses. + +think about it like your points card at Target. how many points do you have? how do you spend them? isn't that a pain in the ass? it's bullshit + +how do you get to the point where things are self-evident for normal folks? + +designers. designers. designers. + +where are the top User Interface and Usability designers? + +Who is doing an ICO and stealing the best UI teams away? NOBODY + +I can't stand Jobs but he got one very important thing right: The user interface *is* the product. + +Mainstream adoption starts when it stops requiring an explanation +A few weeks ago a guest at our little boutique beach resort in Mexico told me that one of the big draws to choosing Gecko Rock was that he'd read about it in this sub and was intrigued at how our business related to Financial Independence. + +I was surprised because (A) I am not a member of this sub and never posted in here about our business and (B) I have actually read through this sub on multiple occasions but didn't feel that the FIRE concept really aligned with my personal beliefs with regards to savings & life planning, etc. - which is why I never joined. + +At any rate, we discussed the topic to great degree and while many of my life choices fall along a similar vein (i.e. creating a financial reality differing from the norm), I personally prefer to take some of my retirement every year while I am young and can truly enjoy it versus saving it all up for the end. + +I just turned 40 this year and so while I still feel young, I look back at the last 20 years of my life and see a world of experiences that would be impossible (or at least improbable) to recreate in your 40s or 50s, let alone 60s and beyond. + +I understand the basic tenets of yearning for FIRE but I can't help but see the major pitfall of giving up the best decades of your life in order to avoid work at a time in your life when you either can't or no longer desire to do certain things. + +A friend of ours dropped dead at 58 last year with millions of dollars in the bank. He had just retired at 57...which isn't crazy young, but young enough when you're talking about retirement. + +I realize that I'll likely get a lot of answers here about budgeting in enough money to enjoy life while still piling on the savings/investments but I am also curious if there are others out there who think like me. I don't mind working until I am 75 just as long as I get 2-3 months off from working every single year along the way. + +**EDIT: Welp, this blew up :)** + +Lots of interesting stuff in this thread and I'm not ashamed to admit that to a certain degree I was ignorant and didn't fully know what I was talking about. + +I was definitely under the impression that most people seeking FIRE were hoping to call it quits with multiple millions in the nest egg. It never crossed my mind that someone "retiring" at 40 might only have $500-$600k in the bank with plans to live very frugally off 4% of the nut annually. + +On one hand that helps me to understand the concept more, while simultaneously raising a whole slew of new questions. + +I would like to address the presumption that I am "blowing all my money" on frivolous material goods as this is not the case at all. I am not against saving for the future and when I said that I don't mind working until 75 I certainly didn't mean working a full-time slave-labor type job. I actually live a pretty frugal existence and by far and away my #1 expense is that I enjoy having periods in my life when I am not working and therefore not earning. + +I was simply questioning the concept of saving such a high percentage of your income during the best years of your life (I still stand by my assertion that your 20s and 30s are pretty prime decades for living) in order to get out of the game at say, 40. + +Just questioning, not judging. + + +So I was checking out hitBTC and saw UETwas being traded. It was going for around .04. + +For shits and gigs I bought 5. Then I decided to set a 20,000 UET buy order all the way down at .0003 thinking I would cancel it when I woke up this morning.... + +Welp the whole thing filled and someone I'm down right now, 99% drop in price over night is not what I expected. I'm not sure how many coins are in circulation but I'm assuming I have a good chunk... + +YAAAAAAAAY + +Edit: sooo /u/uetokenceo when is the first Skype board meeting on how we are taking this coin to the moon? +It looks more and more likely that the UK will open up over the next weeks & months as the vaccine programme accelerates - but much more difficult to travel in & out of the UK to other countries. + +With this, what is everyone looking at from a UK perspective in terms of hospitality, staycation travel & services over the next few months? + +Companies in these sectors will be coming out of a lockdown pretty bruised w/ heavy borrowing - but the ones that survive should see a strong appetite for people to spend. + +What's everyone's thoughts? +Hi + +I want to start investing a really small amount every month, \~£5, into an ETF as a future gift for my godson. He's currently 3 and it will be given when he's 18/21, to go travelling or whatever he wants to do. I think I want it to be in my name, so I don't have to ask his parents to open the account. I have a couple of questions about the best way to do it. + +Is Trading212 a good option for this? + +I currently have a S&S ISA with Fidelity which I contribute to every month, so the new account can't be an ISA. + +I do not plan on making any withdrawals in the next 15 years. In terms of tax, will I only need to worry about it in the year I cash it in? Do I need to record anything myself, or will the data provided by Trading212 be sufficient? + +Thanks! +I’m a relatively new investor. My money is earning nothing in the bank and I would rather make it work for me. The US stock market is looking dire at the moment, I’m thinking that this is a good time to look at some American companies. The UK is looking at going into lock down soon so I’m willing to wait on that happening, hopefully many companies will take a big hit and their shares will drop as well. Does anyone object to this or disagree with my thinking? I’m open to all opinions! + +US Stock Market Crash: https://www.google.co.uk/amp/s/www.washingtonpost.com/business/2020/03/20/stocks-markets-today-coronavirus/%3foutputType=amp + +Cheers, +Inspired from this post: https://www.reddit.com/r/awfuleverything/comments/k3oyuw/poor_guy/ + +I don't know this person's net worth but how likely is it for a multi-millionaire to get wiped out by some fringe health issue that no matter what insurance carrier you use, they don't cover it and you gradually lose everything trying to stay alive? + +I understand that this can happen even while you are on your employer's healthcare plan but the point is that this lingering fact frightens me into never really wanting to stop accumulating wealth indefinitely to bolster my financial security because it seems impossible to insulate myself from medically-induced financial ruin. + +Sorry for any fear-mongering this may seem to imply; it's a real concern of mine and this really isn't something that's easy to Google for an answer. + +Please don't make jokes about "should have been born elsewhere" or "immigrate elsewhere" unless you have a genuine point, all Americans face this possibility much more tangibly than citizens of other first-world nations and I'm just trying to educate myself. +Received an email out of blue with no indication about increase in fees. Clicked on links in the email and found out that the "Indirect Cost" has gone up around 50%. Does anyone have any idea why such a big jump and is it only SunSuper ? +My mum keeps pushing me to get a loan for a house / property thats currently on sale. I don’t know anything about taxes or loans or anything like that. I currently only have $21k saved up and earn like $300-$500 a week, however i don’t know how stable that amount of income is. She wants me to get this house in sunshine (in melbourne, victoria) because of the future development thats going on in sunshine, particularly the airport station. The house is around $700-$800k. She wants to contribute to some of that payment too. What should i do?? + +Edit: i forgot to add: +- my mum wants me to buy the house with my brother who earns around $70-$80k a year, along with her pitching in the money. My brother is hesitant to buy a house with me +- my mum has a lot of health problems and im not sure how much longer she’ll be around. Shes the primary breadwinner of our family as she owns a business, our family would fall apart financially without her. So there is a part of me that feels a sense of urgency to be prepared +We just breached $35k. Next stop $40k. #HOD + +\*EDIT #1: BTC has surpassed $36k\* + +\*EDIT #2: BTC has surpassed $37k\* + +\*EDIT #3: BTC has surpassed $40k\* + +\*EDIT #4: BTC has surpassed $42k\* +Charles Hoskinson did an amazing job in front of congress today. + +I was impressed. It is not easy to go in front of the government right now talking about crypto, you kinda go there with a target, not on your back, but right on your forehead. + +There is so much arrogance when money is flowing, a lot of people are wrongly assuming that people in crypto all have the personna of a Do Kwon/Justin Sun/The other weirdo who think he was Satoshi(I forgot his name). + +He was clear, funny, energetic, vulgarize well his answers. + +You can go though the hearing here and just skip to when Hoskinson is talking, he was the most interesting part of this hearing: [https://www.youtube.com/watch?v=QH2DssrrM4A&t=2s](https://www.youtube.com/watch?v=QH2DssrrM4A&t=2s) +This is a very basic question. I have recently invested in coffee day and was observing that daily it is hitting its upper circuit limit. But I was curious as to what changed for the stock. How do you guys read the latest news on the stock which changed the sentiment for the stock? +Breakeven inflation rates are falling off a literal cliff back down to our usual and persistent low inflationary environment. If we assume that this and next year will average ~6% annualized inflation, then by 2025, we could theoretically face lower inflation than 2018. This is a sudden return to normalcy. Some might say optimistic, and I might agree, but these are big money moves not to be taken lightly. + +As a quick background, bonds are priced by actual trades placed by entities managing hundreds of billions or more. This is not the doing of retail or hedge funds. It's entire sovereigns, governments, pension plans, etc. They're not out to 'get' you by tricking retail investors. +https://www.cnn.com/2019/09/20/business/co-working-companies-economy-risk-boston-fed/index.html + + +New York (CNN Business) The growing popularity of co-working spaces like WeWork could pose a risk to the US economy in the next economic downturn, a Fed official warned on Friday. + +Boston Federal Reserve Bank President Eric Rosengren, who has publicly dissented with the Fed's recent interest rate cuts, said lower rates will boost risk in "unexpected places." + +"Evolving market models, along with low interest rates, are creating a new type of potential financial stability risk in commercial real estate," he said at an event in New York City. "One such market model is the development of co-working spaces in many major urban office markets." +Hello bears of /r/investing, + +We're looking to buy our first home and were debating how much we should spend on it. I wanted to ask /r/investing to put on their macro hats and predict RE prices for us. + +Current rates for a 30y fixed mortgage: + +High balance mortgages: 2.875% (up to ~850k in home price w/ 20% down) + +Jumbo: 3.25% (850k+) + +Given inflation at 2% and is probably going to continue at about that rate or go higher, is levering up the responsible thing to do? Interest rates are a mere 0.8% over inflation so it's basically free money. + +The fed / govt seem intent on keeping the economy going and ideas like MP3 (Monetary policy 3) are being bandied about. Absent structural change to the world order itself, it seems like the US can basically print trillions of dollars without much consequence and they *will* print + spend to get out of this recession. + +So if we're not predicting a great depression esque doom and gloom scenario, what's going to happen to asset prices specifically RE? + +EDIT: Thanks all. This had more responses than I've expected. Reading through them / responding now. +My wife wants to be a stay at home mom within the next 2 years, but is currently working a job. We have a budget and live off my income alone and are saving her income entirely. My question is are there any good financial moves to start considering before this time comes? + +Right now we’re close to paying off all debt to eliminate monthly payments from the budget, we live in a house with mortgage below what we can afford, and are planning to contribute to 401k at both jobs. We will likely contribute max amt to HSA to save for medical expenses down the road. What else should we be considering, other than investing the rest in a retirement account? +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. +Credit analyst on real estate giant + +**"Evergrande bankruptcy has already factually occurred"** + +Can stumbling real estate giant Evergrande still pay its debts? Credit analyst Marco Metzler doesn't think so: He is convinced Evergrande has long been bankrupt - and is challenging the group. + +The interview was conducted by Lutz Reiche + +05.11.2021, 2.37 p.m. + +&#x200B; + +How big a threat does China's teetering real estate developer Evergrande pose to the global economy? International banks and private investors have lent the group around $23.7 billion - which they want interest on and repaid. So if Evergrande collapses, the corporation will take others with it. Recently, media such as the "New York Times" have been reporting warning signs, but experienced credit analyst Marco Metzler disagrees. + +&#x200B; + +manager magazin: Mr. Metzler, in your latest analysis, you basically claim that Evergrande has long been bankrupt. What makes you say that? + +&#x200B; + +Marco Metzler: The fact is that Evergrande and Citibank, as trustee and paying agent for the interest payments, have not yet officially confirmed a single payment of the interest that has been overdue for more than 30 days. The source referred to by the "New York Times" and other media is a single, allegedly anonymous creditor who is said to have told the media a few hours before the deadline that he had received the interest payment. + +&#x200B; + +What do you conclude from this? + +&#x200B; + +The fact that there is no confirmation of receipt of payment from any official source and that the sources are being treated in such a non-transparent manner raises concerns. There remain considerable doubts as to whether money has really flowed, and if at all, possibly only to individual creditors of the offshore bond. Here Evergrande is apparently repeating the same game as it did on October 23. + +&#x200B; + +What do you mean by that? + +&#x200B; + +Evergrande and Citibank have not officially confirmed any alleged interest payments of $83 million, even at this time. We have asked numerous investors known to us, they could not confirm any receipt of payment. In our view, this obviously means that the Evergrande bankruptcy has already effectively occurred. This also means that all other 22 bonds issued are considered to be in default under the cross-default principle. This is how it is regulated in the bond terms and conditions. This means that bruised investors can now file for insolvency. + +&#x200B; + +The fact is, so far Evergrande has not been declared insolvent. So how much is at stake for foreign investors? + +&#x200B; + +In fact, according to official figures, Evergrande owes 90 percent of its loans and payments to Chinese creditors. But that by no means makes the case a purely Chinese problem. According to our latest information, international investors alone have put about $23.7 billion into 23 bonds and three large loans. Analysts at Fitch expect Evergrande to be liquidated in the event of bankruptcy. Creditors are unlikely to be paid much more than 5 percent of their claims then. In other words: International investors would then have to write off around $22.5 billion in the event of Evergrande's insolvency. + +&#x200B; + +22.5 billion dollars - distributed among hundreds of foreign creditors - that sounds manageable and not like an imminent "meltdown of the global financial system," as you write in your study. + +&#x200B; + +Focusing only on Evergrande and these creditors, the risk may seem manageable. But if one follows the calculations of the renowned Chinese business magazine "Caixin", Evergrande will have to find a total of around 123 billion dollars for interest and repayments within the next twelve months. In total, the foreign loans of international investors in China amount to 586 billion dollars, of which around 30 billion dollars have already defaulted in 2020. If the Chinese state does not step in to cover this, we must already consider Evergrande's bankruptcy a certainty. Moreover, we must not look at Evergrande in isolation: The completely overheated real estate sector accounts for up to 30 percent of China's economic output. Any major bankruptcy could drag down other Chinese real estate companies, banks and insurers with it. + +&#x200B; + +With what consequences for other countries? + +&#x200B; + +Probably with considerable consequences. According to Goldman Sachs, the foreign debts of Chinese real estate developers alone amount to around 197 billion U.S. dollars. The major international bank HSBC, for example, reports loans of $19.6 billion for the third quarter that it extended exclusively to Chinese real estate groups. In total, HSBC has extended $196 billion in credit to Chinese companies in all sorts of industries. In addition: International banks with strong Asian operations sometimes lend to wealthy Chinese, which in turn are backed by Chinese debt instruments. These loans could then also default. However, this aspect may not be seen at all at the moment. + +&#x200B; + +Aren't you painting the picture a little too black here? + +&#x200B; + +After all, the real estate sector is not the only problem facing the Chinese economy, which has recently cooled down considerably - the key words here are scarce raw materials, supply bottlenecks, massive power outages, plant and port closures and, most recently, food rationing. A possible wave of bankruptcies triggered by Evergrande will further slow Chinese growth. At the same time, we see high levels of government, corporate and private debt - China's debt-to-GDP ratio is already 230 percent of annual economic output. If supply chains come under further pressure or even break, this will have a direct impact on the USA and Europe as well. + +&#x200B; + +The problem of supply chains and supply bottlenecks is currently the subject of much discussion. What is Evergrande's significance in this context? + +&#x200B; + +More than two-thirds of Evergrande's debt, we believe, is ultimately owed by other distressed real estate developers and companies within the supply chain. A bankruptcy of Evergrande could cause the insolvency of its direct and indirect suppliers. Most of these are small and medium-sized companies that rely on large customers, not only for their business, but also for access to financing ... + +&#x200B; + +... that Evergrande provides to these companies? + +&#x200B; + +Yes, Evergrande often grants them this in the form of loans. These financial risks are further complicated by the particular nature of the supply chains. One key feature is non-substitutability. Unlike in the financial sector, where companies can easily switch to other products, there are no easy substitutes in a complex supply chain, especially in the short term. So, in all likelihood, a collapse of the construction company will result in a large group of suppliers not only losing their business, but also facing immediate financial hardship, which could lead to a chain of bankruptcies. + +&#x200B; + +Do you believe that Evergrande can succeed in defusing its precarious situation by selling assets abroad and, with Beijing's help, contain what is arguably an even bigger fire in China itself? + +&#x200B; + +I think S&P Global Ratings has already summed it up well in one of their reports. A government bailout would undermine the campaign for greater financial discipline in the real estate sector that the government has just launched. And even in the event that China did step in, it would have no impact on foreign investors because Evergrande is officially registered in the Cayman Islands. According to the May 14 Law on "Mutual Recognition and Assistance in Insolvency Proceedings," the Chinese government would not pay for foreign investors' debts in such a case. + +&#x200B; + +The DMSA, for which you work as a consultant, defines its goal as follows: "To create more transparency for consumers when choosing products, investments and services." Those should only be Evergrande investors in exceptional cases. So why this alarmist tone of the study, is DMSA itself invested in Evergrande? + +&#x200B; + +In our view, the dangers posed by the Chinese real estate sector, not only to China, are criminally underestimated. And yes, we are invested ourselves with a comparatively small amount of $50,000 in bonds of Evergrande. For us, this is not a speculative investment, but a means to an end. If Evergrande fails to service the next overdue interest payments on additional bonds by the Nov. 11 deadline, we as creditors will file a bankruptcy petition against the company. This is not trivial, very costly, but it is possible in principle. + +&#x200B; + +Much weightier investors could have done that long ago. Do you really believe that the - if I may say so - insignificant creditor DMSA from Germany can initiate insolvency proceedings against the real estate giant Evergrande? + +&#x200B; + +For us, it's about principle and transparency. In our view, large companies should not simply accumulate vast amounts of debt and then fail to repay it the next moment. Evergrande and Citibank as paying agent are also behaving in a completely non-transparent manner in this process. With the purchase of the bond and a possible bankruptcy filing, we want to publicly provide clarity as to whether Evergrande will still be able to service its bonds in full in the future or is now bankrupt. We are in a fairly comfortable position here, because the other investors have a lot at stake. If Evergrande files for bankruptcy, they will lose more than these interest payments. That's why I think they're holding still. There are also market rumors that some investors and banks are deliberately not informing about the default of the interest payment in order to gain time to sell larger holdings of Evergrande bonds and shares to unknowing investors via derivatives. + +&#x200B; + +German source: [https://www.manager-magazin.de/finanzen/geldanlage/kreditanalyst-evergrande-pleite-ist-faktisch-bereits-eingetreten-a-411d07bc-261d-4aad-95d2-46306487e4a7](https://www.manager-magazin.de/finanzen/geldanlage/kreditanalyst-evergrande-pleite-ist-faktisch-bereits-eingetreten-a-411d07bc-261d-4aad-95d2-46306487e4a7) +Bored on a Friday night - wanted to share some ideas. + +What is the path to profitability as a trader? + +1. A goal. Ambition is okay. The path to reaching that goal is in small increments. Financial freedom? Technical interest? Extra income? A better understanding of the thing called the stock market? +2. Dip your toes in research. Find out what sounds interesting to you. It probably won’t be what eventually becomes your profitable strategy or security, but it’s important to try and start somewhere. +3. When we say try, try ON PAPER. Google paper trading. Figure yourself out. Get your bearings. Download ThinkorSwim. Start trading. Its okay if you don’t know what’s going on. Log in to ToS’ papertrading at 9:30, choose a stock, and click buy and try to sell it at a higher price. Nothing else will get that one of a kind feeling in your head easier. +4. Now that you have a taste of the stock market, research research research. That security or trading strategy you’re interested in — dive into it more. Is it small cap pennystocks? Sure. Dive into the resources. Watch videos, read reddit posts, look up strategies on Investopedia. Learn about indicators, order types, brokerages, basic strategies, chart patterns, etc. Suck it all up. Most will inevitably NOT contribute to your eventual strategy, but they will all start to form a web of information that you will rely on to evaluate that one profitable strategy that you will find. +5. Hopefully you have an subset area of the stock market that you think you will make money on. If not, choose something like blue chips, low float pennies, or futures. Everything can be scalped. Everything can be profitable. A great strategy works for every security, with slight variations. But if you find a strategy that literally only works for one stock, best double down on that stock and study it like mad. It only takes one profitable, successful strategy on one security to make money. +6. You should still be papertrading. Papertrade every day at open from 9:30–10am and if you have time, from 3–4pm. The longer you watch each candlestick form, the better you will intuitively know the way the chart acts. Try to understand what is going on. What is causing the moves to happen? How can we understand the past movements, and how can we determine where the price might go based on these past movements? Nothing beats practice, even if you don’t know what you’re doing. Just try to buy low and sell high. If you have a basic strategy, try implementing this in your daily trading. For example, if you think that bounces off of the 9 ema on a strong uptrend day are a good place to go long, try doing EXACTLY this for a few days. Don’t break your rules. Choose an appropriate amount to buy and sell, and just try to implement your strategy. Eventually you will see what’s going right and wrong. Maybe you are making (paper) money off of it, but when you lose, you end up holding it for far too long. This is where you might research and find out about stop losses. If you’re always holding too long into the green and letting winners turn into losers, you might look into more profit and loss management strategies like take profit limits and trailing stops. +7. Every day, make a mental or physical note about the trades you made. What went right, and what went wrong? Did you profit or loss? Did you follow your trading rules? +8. Is the basic strategy you found not working? Try finding some other strategies online. Any strategy you find online will probably not work for you immediately. But do not think that they can’t be refined into a winning strategy. It’s just your role to learn the various strategies out there, and crafting a combination of the techniques you have learned with many, many tweaks and revisions until you find something that approaches breakeven, or even profitability. From there, more revision. Find out where you’re making the most money and losing the most. You’d be surprised. Maybe you’re taking profit too early. Maybe you’re selling too soon without letting the price breathe. Experiment with real paper trading practice. Nothing is better than live trading. +9. After a long time of research, revisions, asking questions and finding answers, losing (paper) money, gaining (paper) money, you might have a strategy that is making money most of the time, and you have found a way to manage the trades so that you think you are making the most money you can and losing the least you can. Try to double your sim account with this strategy. Go from 10k to 20k in paper money. +10. Now you might take this strategy live. Open up a brokerage account. Deposit $100 to $1000. Convert to a cash account unless you have $25,000. You can’t day trade more than 3 times a week unless you have a cash account or twenty five thousand dollars. Even if you do, you really probably shouldn’t put that in right now. Just wait. +11. Do exactly the same thing you have been doing in your paper account, but with very small amounts of money or shares. Heck, trade with 1 share. It’s lame, but you’ll feel more alive than you ever did trading 5,000 shares of AAPL at a time in your paper account. The way you’ll feel when you’re 1 cent in the green or red is impossible to emulate unless you’re trading real money. +12. Keep doing this until you’ve doubled your real money or lost 25% of it. If you’re losing money, go back to paper and keep researching and refining. You can be the judge of your strategy and if it’s worth refining, or if you’re better off just figuring out a new one. +13. Stop taking risks you don’t need to take. The most important point to remember in the path to profitability is not to make money, but to keep your existing money. After a long and steady period of growth and success in your strategy, you can increase the amount of money you are trading with, but you should really view it this way: the more money you trade with, the lower your risk should be. A standard parameter of risk management is the % risk per trade. How much % of your account are you risking with each trade? You need to know the $ amount every time - always know your take profit and stop loss levels before you enter a trade. Risk no more than 2% of your current account equity per trade - follow this and you will survive the inevitable strings of losses that come even with the most profitable strategies. +14. Celebrate your small wins. They seriously will add up with time and consistency. Do not take on too much risk. Do not deviate from your trading plan without testing in paper. As much as you want to chase huge gains, you don’t want to mourn the loss of your consistent gains with a huge loss when you took a risk far too large for your account. +15. At a profitable, high success rate, this is where you scale. Figure out the salary you want, and have that goal in mind. Figure out what you will have to do to reach it, in increments. If you want to make $100,000 a year, you have to make about $400 a day for 250 trading days. +16. You might stay very consistent with your gains, success rate, and refinement process, and yet one day the strategy stops working. Use the judgement you have then to understand if it truly has stopped being a viable strategy, and if so, use your web of information to develop a new one. New does not mean completely different. Sometimes a small variation in the entry or exit conditions or the indicator parameters can fix a losing strategy. +17. Continue to scale until you have reached the upper calculated limit of your strategy. This is the point after which the strategy no longer plays out, for example due to liquidity. +18. If you’ve reached this point, congratulations! Continue to trade the strategy, and find more complementary strategies if you want to make more money. Keep up the good work. +Bored on a Friday night - wanted to share some ideas. + +What is the path to profitability as a trader? + +1. A goal. Ambition is okay. The path to reaching that goal is in small increments. Financial freedom? Technical interest? Extra income? A better understanding of the thing called the stock market? +2. Dip your toes in research. Find out what sounds interesting to you. It probably won’t be what eventually becomes your profitable strategy or security, but it’s important to try and start somewhere. +3. When we say try, try ON PAPER. Google paper trading. Figure yourself out. Get your bearings. Download ThinkorSwim. Start trading. Its okay if you don’t know what’s going on. Log in to ToS’ papertrading at 9:30, choose a stock, and click buy and try to sell it at a higher price. Nothing else will get that one of a kind feeling in your head easier. +4. Now that you have a taste of the stock market, research research research. That security or trading strategy you’re interested in — dive into it more. Is it small cap pennystocks? Sure. Dive into the resources. Watch videos, read reddit posts, look up strategies on Investopedia. Learn about indicators, order types, brokerages, basic strategies, chart patterns, etc. Suck it all up. Most will inevitably NOT contribute to your eventual strategy, but they will all start to form a web of information that you will rely on to evaluate that one profitable strategy that you will find. +5. Hopefully you have an subset area of the stock market that you think you will make money on. If not, choose something like blue chips, low float pennies, or futures. Everything can be scalped. Everything can be profitable. A great strategy works for every security, with slight variations. But if you find a strategy that literally only works for one stock, best double down on that stock and study it like mad. It only takes one profitable, successful strategy on one security to make money. +6. You should still be papertrading. Papertrade every day at open from 9:30–10am and if you have time, from 3–4pm. The longer you watch each candlestick form, the better you will intuitively know the way the chart acts. Try to understand what is going on. What is causing the moves to happen? How can we understand the past movements, and how can we determine where the price might go based on these past movements? Nothing beats practice, even if you don’t know what you’re doing. Just try to buy low and sell high. If you have a basic strategy, try implementing this in your daily trading. For example, if you think that bounces off of the 9 ema on a strong uptrend day are a good place to go long, try doing EXACTLY this for a few days. Don’t break your rules. Choose an appropriate amount to buy and sell, and just try to implement your strategy. Eventually you will see what’s going right and wrong. Maybe you are making (paper) money off of it, but when you lose, you end up holding it for far too long. This is where you might research and find out about stop losses. If you’re always holding too long into the green and letting winners turn into losers, you might look into more profit and loss management strategies like take profit limits and trailing stops. +7. Every day, make a mental or physical note about the trades you made. What went right, and what went wrong? Did you profit or loss? Did you follow your trading rules? +8. Is the basic strategy you found not working? Try finding some other strategies online. Any strategy you find online will probably not work for you immediately. But do not think that they can’t be refined into a winning strategy. It’s just your role to learn the various strategies out there, and crafting a combination of the techniques you have learned with many, many tweaks and revisions until you find something that approaches breakeven, or even profitability. From there, more revision. Find out where you’re making the most money and losing the most. You’d be surprised. Maybe you’re taking profit too early. Maybe you’re selling too soon without letting the price breathe. Experiment with real paper trading practice. Nothing is better than live trading. +9. After a long time of research, revisions, asking questions and finding answers, losing (paper) money, gaining (paper) money, you might have a strategy that is making money most of the time, and you have found a way to manage the trades so that you think you are making the most money you can and losing the least you can. Try to double your sim account with this strategy. Go from 10k to 20k in paper money. +10. Now you might take this strategy live. Open up a brokerage account. Deposit $100 to $1000. Convert to a cash account unless you have $25,000. You can’t day trade more than 3 times a week unless you have a cash account or twenty five thousand dollars. Even if you do, you really probably shouldn’t put that in right now. Just wait. +11. Do exactly the same thing you have been doing in your paper account, but with very small amounts of money or shares. Heck, trade with 1 share. It’s lame, but you’ll feel more alive than you ever did trading 5,000 shares of AAPL at a time in your paper account. The way you’ll feel when you’re 1 cent in the green or red is impossible to emulate unless you’re trading real money. +12. Keep doing this until you’ve doubled your real money or lost 25% of it. If you’re losing money, go back to paper and keep researching and refining. You can be the judge of your strategy and if it’s worth refining, or if you’re better off just figuring out a new one. +13. Stop taking risks you don’t need to take. The most important point to remember in the path to profitability is not to make money, but to keep your existing money. After a long and steady period of growth and success in your strategy, you can increase the amount of money you are trading with, but you should really view it this way: the more money you trade with, the lower your risk should be. A standard parameter of risk management is the % risk per trade. How much % of your account are you risking with each trade? You need to know the $ amount every time - always know your take profit and stop loss levels before you enter a trade. Risk no more than 2% of your current account equity per trade - follow this and you will survive the inevitable strings of losses that come even with the most profitable strategies. +14. Celebrate your small wins. They seriously will add up with time and consistency. Do not take on too much risk. Do not deviate from your trading plan without testing in paper. As much as you want to chase huge gains, you don’t want to mourn the loss of your consistent gains with a huge loss when you took a risk far too large for your account. +15. At a profitable, high success rate, this is where you scale. Figure out the salary you want, and have that goal in mind. Figure out what you will have to do to reach it, in increments. If you want to make $100,000 a year, you have to make about $400 a day for 250 trading days. +16. You might stay very consistent with your gains, success rate, and refinement process, and yet one day the strategy stops working. Use the judgement you have then to understand if it truly has stopped being a viable strategy, and if so, use your web of information to develop a new one. New does not mean completely different. Sometimes a small variation in the entry or exit conditions or the indicator parameters can fix a losing strategy. +17. Continue to scale until you have reached the upper calculated limit of your strategy. This is the point after which the strategy no longer plays out, for example due to liquidity. +18. If you’ve reached this point, congratulations! Continue to trade the strategy, and find more complementary strategies if you want to make more money. Keep up the good work. +We all heard yesterday some snake on CNBC called out margin call yesterday afternoon. This got some apes excited. + +Today we see some price movement and the media is calling out short squeeze everywhere. + +Sounds like someone passed scripts around to these snakes. + +Tomorrow, I think they will try to drop the price and fake it like the squeeze is over. Media will start spreading FUD, the squeeze is over. Sell before too late. Paper hands will sell. + +But our 💎 🤚 apes will hold. I tell you. And then we moon. 🎤 drop. +So on Tuesday the 9th my family and I were out of town (2.5 hrs north) and I got a notification that a package was gonna be delivered early, a 850$ drone, well my apartment has a package locker system and all packages are suppose to go through there. Well thr fedex delivered my package to my door and signed for it. I got home and my package was missing, walmart told to file a PR and they will give me a solution well today they said tough luck and said I signed for it. Even though I have pictures and recipets showing i was up north. They said contact my bank to charge it back. Any suggestions? + + +Here is a SS of the email walmart sent me. + +https://imgur.com/a/M8QDX2u + +Edit: added Imgur link +Morning all apes! + + +I have deleted my old post and edited for this new one to make sure it is simpler to understand and I made some mistakes when talking about the ETFs so I've now removed them entirely from the post to avoid confusion and to keep the math here simple. Thank you to u/jsmar18 for pinning the comment with corrections so I could see and also messaging me over the weekend! The power of reddit and this amazing community is that we can openly discuss ideas and theories, I do not claim to be perfect I just look at data and present what I find with a sprinkle of memes. I love discussing ideas and theories as I enjoy the puzzle that is GME! If you do want to talk about ideas feel free to start a chat with me and I will do my best to respond, it does sometimes get a little crazy so please don't be offended if I don't reply to a comment or message I'm a busy ape who enjoys reddit but this isn't everything I do. + +And of course... + + +[\*disclaimer\*](https://preview.redd.it/lzcto894phv61.jpg?width=225&format=pjpg&auto=webp&s=854d48085a24f93b949e59c676820ab4675b52a9) + +Lets look through the volume data to show that retail very easily owns the float multiple times over. + +&#x200B; + +[Many bananananana - credit whatever brilliant ape made this.](https://preview.redd.it/fh6psvrajhv61.png?width=1168&format=png&auto=webp&s=88638a2ccf5f249d767c42f896743feab574f3f5) + +Since January a total of **2,904,446,487** (**2.9B**) GME shares have been traded on the NYSE an average of **37,720,840** per day which is **141.5%** of the total float, **26,664,355** + +So either every single retail investor who owns GME has bought sold and then rebought 1.4x a day or someone has shorted this to oblivion and is going to get hammered to helheim by Odin himself. So everyone quickly look at your hands... You saw diamonds didn't you? Fantastic job! The hammer theory checks out. + +&#x200B; + +[YEET!](https://preview.redd.it/tzdfgp44khv61.jpg?width=1230&format=pjpg&auto=webp&s=e86833ddd83c6b733742b23e41dff69c6d605d8d) + +Now lets focus on the FINRA data as that gives us the short/long ratio. FINRA reports **1,293,673,781** shares traded since the beginning of the year and **610,188,947** of those trades are short positions, that's a staggering **47.17%** of all trades coming through FINRA. Why is FINRA different to NYSE data? Simply they don't report on all exchanges it's likely just trades via the NASDAQ, whereas the NYSE is reporting all trades. + +Using the FINRA data again, since the start of the year (4th Jan) **16,800,958** is the average volume and **7,924,532** is the average short volume. Now there is no way to accurately tell what the total short volume is with the NYSE data but for speculation let's use the **47.17%** that we have from FINRA. I must emphasis that this is speculation it could be more or it could be less. + +47.17% of 2,904,446.487 = 1,370,027,407.92 short shares + +That leaves us with a potential 1,534,419,079.08 long shares since the start of the year. + +So we now know the float is **26,664,355** because 1,534,419,079.08 is **5754.6%** of that. So IF every ape from 4th Jan bought and hodl until today then retail would own **5754.6%** of the actual tradable float. That hasn't happened we know that BUT using this information in my opinion speculating that retail owns more than **1000%** of the float is very conservative. + +Let's say half of the 1.5B orders have been made by diamond apes, 767,209,539.54 shares.. that would be 2877.3% of the float that is actually accessible to retail. Once again I am not saying that Apes own 767.2m shares all I'm saying is I think **1000%** ownership of the float is a very conservative estimate when you look at this data. + +Now let's break this down further and go month by month to reassure any pansy apes who still need that. Plus you know... I've already done the math might as well show you. + +&#x200B; + +[1.26B traded in a month.... average of 66.4m](https://preview.redd.it/nnce8dg0lhv61.png?width=1339&format=png&auto=webp&s=696384a2ba8fc1f42d59391af9585424a7b34093) + +144m, 197m, 177m, 178m.... 144m shares traded in a day with a float of 26.6m. + + +144,501,700 is **541.92%** of a 26.6m float in a day. + +197,157,900 is **739.40%** of a 26.6m float in a day. + +Do you still doubt that retail owns the float? + +&#x200B; + +[Ah the fun times apes were doubted daily...](https://preview.redd.it/q3jza6t4mhv61.png?width=1336&format=png&auto=webp&s=256a1f07dfffbc09b989c3df7525348759316a0f) + +Jan first squeeze that got stopped illegally had a average short volume of 41.74% still VERY high and way more than the float (only using FINRA data) Febuary we can see that they continued to short the stock in order to get it back down to $40 as the original play to bankrupt the company was still the goal not to cover at $40. + +Also note... 150m in a day on Thursday 25th more than 550% of the float. + +&#x200B; + +How do we know that they didn't cover at $40? + +&#x200B; + +[Because the March FINRA data shows 57.91&#37;](https://preview.redd.it/ynq7zp4hmhv61.png?width=1243&format=png&auto=webp&s=f8d467088be4acf9ab6c6babcc50f3741b168ba8) + +I think that says it all really but just incase you don't understand... Uh oh Hedgies... you in trrrrrroubleeeeeeee! + +Now let's look at April... + +&#x200B; + +https://preview.redd.it/gvbdvkilmhv61.png?width=1254&format=png&auto=webp&s=c1ecdd636b1e566ccf610ae637f717e2b91fc8c8 + +Keep in mind this data is incomplete as we still have the final week of April to come but I find three things particularly interesting about this data. + +&#x200B; + +1) The short % dropped off from last month but is now rising sharply and still a lot higher than Jan in the original taster squeeze. + +&#x200B; + +2) The volume is drying up! Which is great for apes and horrible for hedgies who need apes to paper hand shares to try and soften the blow. + +&#x200B; + +3) The feeling of Deja Vu. Is $150 the new $40? + +&#x200B; + +&#x200B; + +[10 day price action of both](https://preview.redd.it/gt2a3geomhv61.png?width=1337&format=png&auto=webp&s=3de16b06461907c15b5049bccd8f284b0c2ea529) + +&#x200B; + +https://preview.redd.it/lcobytsqmhv61.png?width=852&format=png&auto=webp&s=292fe330c96dd929df0db467c1359f6a41700057 + +Now I'm not saying that we should expect a price explosion today I'm making no predictions at all as I don't care when the squeeze is squoze all I know is that it will be squoze and it will be fucking fantastic. All I'm showing with this data is that $150 is really starting to feel like $40 to me. It costs nothing to HODL it costs billions to keep shorting this stock. + +&#x200B; + +&#x200B; + +[Ken boy explaining to his clients what happened](https://preview.redd.it/or5t1xkumhv61.jpg?width=499&format=pjpg&auto=webp&s=69541e3f0e55cf0ba2596fd5c0f5658d2207f7ac) + +Seriously though... fuck. The insane amount of average volume that far outweighs the actual float, most importantly apes are diamond handing this shit and will be rewarded with space travel. The volume I'm showing you as well is just the stuff reported by FINRA and NYSE that doesn't include the FTDs, OTCs, the dark pools. This is just what we are being allowed to see, this is bigger than anyone has yet to realise and things are going to get real fucking wild sooner rather than later. + +&#x200B; + +\*\*TLDR -\*\* The real float is 26.6m and retail very easily owns more than 266m shares or 1000% of the float. The real damage will be done when 100m+ apes vote in the upcoming meeting when only 70.7m shares are available. The war is all but won, there are just a few battles left to be had. + +See you on the moon! +Let's look back at some memorable moments and interesting insights from last year. + +**Your top 10 posts:** + +* "[Interviewing a ThetaGang dealer](https://www.reddit.com/r/thetagang/comments/uvz46c)" by [u/1337kong](https://www.reddit.com/user/1337kong) +* "[Actually happened to me today](https://www.reddit.com/r/thetagang/comments/xsci7b)" by [u/ThaGreeks](https://www.reddit.com/user/ThaGreeks) +* "[A short story](https://www.reddit.com/r/thetagang/comments/s6cnn0)" by [u/nbch88](https://www.reddit.com/user/nbch88) +* "[Friday BBBY Snorkeling Guy Update](https://www.reddit.com/r/thetagang/comments/wse4xp)" by [u/thisisnotatestlol](https://www.reddit.com/user/thisisnotatestlol) +* "[Anybody with me on this?](https://www.reddit.com/r/thetagang/comments/ulxnix)" by [u/No\_Low\_2541](https://www.reddit.com/user/No_Low_2541) +* "[$200k -> $1M+ in 3 Years. Thanks, Thetagang ❤](https://www.reddit.com/r/thetagang/comments/rx2e29)" by [u/SoMuchRanch](https://www.reddit.com/user/SoMuchRanch) +* "[I WANT IT TO GO LOWER](https://www.reddit.com/r/thetagang/comments/vs0r4e)" by [u/thenerdstation](https://www.reddit.com/user/thenerdstation) +* "[$META should be a lesson for everyone](https://www.reddit.com/r/thetagang/comments/yebzak)" by [u/No\_Cat3099](https://www.reddit.com/user/No_Cat3099) +* "[Markets up, markets down, theta to the rescue when done right!](https://www.reddit.com/r/thetagang/comments/xf0atx)" by [u/Forest-runner](https://www.reddit.com/user/Forest-runner) +* "[Someone had to do it, sold 1700 weekly BBBY puts](https://www.reddit.com/r/thetagang/comments/wlykbh)" by [u/thisisnotatestlol](https://www.reddit.com/user/thisisnotatestlol) +As of now he manages two schemes, HDFC Flexi Cap Fund and HDFC Top 100. The Direct plan of both these mutual funds have under performed even the benchmark index and rank at the bottom over a 7 year period. He has been managing the direct plan of these two funds since 2013. + +Question is, why do media outlets still ask him for interviews and publish his thoughts as gospel? There are other fund managers who have actually done pretty well but enjoy nowhere near the limelight that Prasanth Jain gets. + +Does anyone know why is this the case? Is this about AUM? Do the MF and media guys have some unknown cartel or something? I'm genuinely curious. + +Edit - Btw despite such massive nonperformance, the two HDFC funds managed by him command some of the highest TER in their style of investing. + +Edit 2 - Seems like he has been around for far longer than what I thought. In any case, his performance over the past decade has been lackluster and something that doesn't justify the AUM. With Zerodha and Navi all set to launch ultra low cost index funds, the limelight enjoyed by star fund managers like him and others is all set to end sooner or later. + +Edit 3 - It may be just me but I think most of the older fund houses like HDFC, ICICI, Aditya Birla and Franklin have struggled to outperform the market across the board in actively managed equity funds and it is mostly the smaller/newer ones like Kotak, Mirae, Invesco, Parag Parikh etc which are doing well. +My dad knows a lady who claims that her mid-20s nephew makes 50k a day by day trading. She says that he started off with only 5k dollars. Is this even possible, or is she exaggerating? She says he has a Lamborghini and looks at it like a game, not worrying about his losses. She also said that he told his dad to quit his job and that he'd give him a regular income of 80k per year. She says his name is among the top 10-100 (can't remember which, but possibly the former) day traders. If she's not, this guy must be a literal genius the likes of which the world has never seen before. I'm interested in trying to talk to this guy. +I’m shaking I’m so mad right now. I went to use the atm on Sunday to deposit 500 dollars since my daughters daycare comes out Monday. I first put in 200 because I’m always weary about those machines and low and behold the machine crashed. + +It eventually spit my card out but that was it. The money was not in my account. + +I immediately called to file a claim and the guy on the phone said 5 days and they would credit me. + +Today I stopped by the bank because I figured it couldn’t hurt to ask and the lady says she can’t help me and it’ll take up to 10 days then another 7 to credit my account. + +I said can’t you check the cameras it’ll take two min, she said no that’s only for the police. So I said ok can I call the police because you stole my money?? + +I’m defeated. I have no insurance and have the most messed up tooth right now that I can’t afford to fix and now this shit happens. That was my rent money. + +So anyone who reads this. Don’t use citizens bank. They don’t give a fuck about you +Insider knowledge gets around amongst the elite circles. No doubt in my mind that the highest borrowable shared since last February was preparation for tmrws margin calls. + +Will find out TMRW if they did enough to not get liquidated. + +DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS +Hello, you degenerates, I hope everyone is doing awful on this monumental day. + +Someone is borrowing shares on $GME to short the stock directly, and as a result of this week's price action, it seems like the pool is running out. Here is some tit jacking material for you: + +&#x200B; + +https://preview.redd.it/h0drgc97mep81.png?width=1755&format=png&auto=webp&s=f6715ee60650404336c498fb5431a0f658f57310 + +This is a rate not seen since the events of and following January 2021, and it signifies the potential for a squeeze. I know not everyone likes this stock, but to those people, I say fuck off. It's $GME week baby and we are about to fly! Obligatory 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +&#x200B; + +\*\*\* EDIT: for those who know what this means... XRT IS STILL ON THE REG SHO THRESHOLD LIST! I'll see you fuckers on the moon :) +**tl;dr request: How do you figure out how much money you need to raise a family and live comfortably? What's a gentle way to approach figuring out monetary goals and what-ifs with a partner when you make vastly different ranges?** + +I hope this is the right subreddit for this. + +I'm a 30-year-old female. I make 185k year in my career and live in California. I recently met a guy, similar in age to me, who is doing his biology post-doc and informed me that he was comfortable doing research even though it only pays 55k-60k. He has no debt, a decent savings, and lives within his means, though he hasn't pushed back on anything I want to do or been stingy about things we do together, which makes me feel like he knows how to save for the important things (experiences). He knows he will only make that much for the next 3-5 years. + +Recently we talked about money goals, and I noted that I was worried because I wanted to have a kid in the upcoming years and wanted a secure financial base for them. I'm not sure I'll always make that amount of money, and I want to know I can rely on him. He noted that he was comfortable only making as much as he does, and does not think he will make much more than that in the future, and feels it will be enough. He's Australian, and I worry this makes it hard to see eye-to-eye on social safety nets. We almost broke up communicating over this point. + +He's an amazing person and I want to be with him, but having grown up with little money, I worry a lot about this. Am I being irrational? Does having a kid cost as much as I think? How can we financially plan together when it seems we have fundamentally different values (money)? Would it be worth sitting down together to identify how much a family and home costs? + +I hate that I live in a time and society where this is bothering me as much as it does. Any advice is welcome. +Via [Bloomberg:](https://www.bloomberg.com/news/articles/2016-12-14/uber-rolls-out-self-driving-cars-in-san-francisco-without-dmv-approval) + +- it will gradually introduce self-driving **Volvos** in its hometown. +- The company has quietly had self-driving cars roaming the streets of San Francisco for at least a few weeks without making it public, potentially violating the DMV's mandate +- The DMV defines an autonomous vehicle as "technology that has the capability to drive a vehicle without the active physical control or monitoring by a human operator." +- Uber's **self-driving cars will have two humans involved,** one ready to grab the wheel and another monitoring for pedestrians, directing the car to change lanes and helping record incidents. +- In [a] ride-along Tuesday, a **driver took control of the vehicle more than a dozen times in less than 30 minutes.** +- car would get too close to a pedestrian, that the vehicle wouldn't let another merge and that the car would potentially create gridlock by entering an already crowded intersection. Other reasons were more mysterious. Sometimes the car would simply hand over control to the driver with little explanation. The driver said that the car was probably getting its sensors overloaded. +I understand they lowered their guidance, but it's just hard for me to believe it isn't a great value buy at a PE of 23. + +I'd love to hear what you all think of FB's future, and ability to continue to grow at a massive rate. +Good Evening Apes! + +While this week had some unexpected turns I think my overall theory remains strong. I want to cover what was right what was wrong and some of my expectations moving forward into week 2. We'll take a look at GME's long-term technical trends moving into this week. Followed by our usual brief look at the overall market. + +I will live stream a walkthrough of this [DD of this on my YouTube](https://youtu.be/tn0ILFHIos8) for those of you that don't have the time to read through this, or have visual impairments/reading comprehension issues. Then do a quick Q&A for about 15minutes. It will also be archived for future viewing. This will be on at... + +9:30pm EDT/UTC-4 + +# PART I: Futures Fails Week 1 Analysis + +If you are not already familiar with my Futures Cycle Theory check out these links for additional information. + +[YouTube Playlist](https://www.youtube.com/playlist?list=PLLZAlefVs0gLbEkYf-_6uBnmqCBnkNMpC) + +Reddit Links + +[Breakdown of the whole theory](https://www.reddit.com/r/Superstonk/comments/prmmrt/futures_breakdown_and_forward_looking_ta_for_the/) + +[Extra clarification](https://www.reddit.com/r/Superstonk/comments/q2k41b/futures_explanation_and_jerkin_it_with_gherkinit/) + +So this week we were looking for consistent upward movement from the 13th-15th. While we did see a significant amount of price action on the 13th and 14th the 15th while volatile fell short of expected price action. + +[The first T+35 window ending saw us jump from 176 - 190.20](https://preview.redd.it/8kxl93egg2u71.png?width=1556&format=png&auto=webp&s=7d5fa640c3c44871e22e2e1717b60518806fbd51) + +So this was the predicted price action for the week from my weekly DD last week. + +[Last weeks Predicted Price Action for 10\/11 - 10\/15](https://preview.redd.it/ee9o0h0ug2u71.png?width=2462&format=png&auto=webp&s=1bd373d61625a0c7dce94e1853b4eec730212e1c) + +There we two primary reasons we fell short + +1. This price action was predicted based on January's run. I wrongly assumed, given our current trading price and our potential for violent upside that we would track closer to January's failed cycle than last October's. +2. The total number of fails that are kickstarting this cycle are significantly lower than they were last October (more on this in a second) + +So let's address the first point if I take the price action from last October's first T+35 fail and scale it up for price. We can see it tracks much better with the price action we saw play out this week. + +[October 20' Fail week #1 vs. October 21' Fail Week #1](https://preview.redd.it/ko23y4koi2u71.png?width=2462&format=png&auto=webp&s=13f1b4f064747f590eb679beab58f2ee953cd346) + +As you can see this is much closer the peaks last October were higher but the price action tracks pretty closely. + +**So even though the price is higher why is our range so much lower?** + +I think this comes down to FTDs. Last year on T+2 from the Futures expiration date on 9/22 we saw a massive spike in FTDs vs. the average. + +https://preview.redd.it/lvbggxrrj2u71.png?width=366&format=png&auto=webp&s=198220b46ce17f8c2dc4774ad1561c880b1f7c31 + +This year same spike on the same day in the cycle we see this + +https://preview.redd.it/v1hctao6k2u71.png?width=395&format=png&auto=webp&s=244700cfe0d766088245c485186e19dbf53bd52b + +So this number is 87% lower than the corresponding date last year so while the the bid/ask spread is significantly wider and GME is far more illiquid we are seeing far fewer FTDs. This is why immediately after the peak at 190.20 on the 14th we saw $1.1m in ITM puts roll in along with active shorting for the rest of the day. Once they cover they start shorting, literally every time. + +**Why?** + +Well currently I think this cycle will have fewer overall FTDs (remember they should continue to increase throughout till the end of the cycle on the 26th with price action peaking on the 28th) because of the massive amount of institutional selling that happened last quarter. + +[These ETF rebalance represent at least 12m shares sold ATM for GME. Presenting an opportunity for SHFs to reduce FTDs. ](https://preview.redd.it/2t4iol0tl2u71.png?width=1556&format=png&auto=webp&s=bdae511d81d7971f9a1687ba7d8d8e8a6840c167) + +So while this definitely slows down progress, GME FTDs still experienced a spike in FTDs as expected on 9/21. Meaning, even with all those shares they continue to fail. + +**Another note and this one is big...** + +fails for ETFs containing GME on 9/21 + +[Almost 10 million FTDs, higher than they have ever been this year](https://preview.redd.it/9fmthnbfm2u71.png?width=1947&format=png&auto=webp&s=68ddf4a331693d46c292c3d25e41d12b69688ad0) + +So while GME FTD exposure may be insignificant we are seeing a massive spike in the FTDs on GME tracking ETFs. + +I will be looking to the 21st and 26th to continue to confirm this cycle. + +*\* A note some of these ETFs are Russel 2k while GME has moved to the Russel 1k I expect we still see a significant effect from those ETFs as shares borrowed in baskets to short GME have likely not been returned. Or we are seeing an effect of short positions hidden in derivatives of these ETFs that once contained GME. Hence why we continue to track things like the sticky floor stock, bed bath and beyond, etc...* + +# Part II: Futures Fails Week 2 Expectations + +This weeks fail date for t+35 from the expiration falls on October 21st. Since I assume the FTDs from the 13th have been covered, we should only see significant price action on the next fail. There should be a little movement Tuesday due to T+2 from the ITM puts last week and GME ending the week over max pain (market permitting). So flat Monday/Wednesday and up Tuesday/**Thursday**/Friday. + +[Red represents possible volatility peaks \/ Blue represent were volume will likely trade](https://preview.redd.it/gazxpc4oq2u71.png?width=2451&format=png&auto=webp&s=35a77ca5d67a8fec52544c80d3cdbb4b6a811ba5) + +*\*Please note these are High/Low Bars so that means I expect price action to occur within the bar for the day but they do not represent the final price for that day.* *I think this will be a more accurate and easier to understand, way of displaying price predictions and will be using this from now on.* + +# Part III: Technical Analysis + +**Section I: Graphs** + +So first I want to show the graph for our current position in the Futures Cycle so that everyone is aware of the dates and settlement windows. + +[Current Future Anomaly Window 1D](https://preview.redd.it/vosuv05hs2u71.png?width=1550&format=png&auto=webp&s=bff02a7864d990a6eb40af4eef0ce28f65fd89ad) + +Ok so Let's take a look at our long term trend cause from a technical perspective GME looks primed for a breakout. We Have our long-term Ascending Triangle bullish continuation with a bounce on the low trend. A consolidating wedge with a bounce on the low trend. A reversal on the latest BARR. Finally, We have a confirmed bounce on the EMA 160 with the EMA 90/120/160 more consolidated than they have been since last year. + +[Technical Clusterfuck of Bullish Signals.](https://preview.redd.it/kwyz3z9tv2u71.png?width=2462&format=png&auto=webp&s=6aa0bc86639b8f76ca53b4420f9f4419eeead914) + +So needless to say GME is looking really good. So we'll take a look at the oscillators and buy signals to confirm these trends. + +**Section II: Oscillators and Buy Signals** + +**MACD** + +MACD had a crossover on the daily on 10/13 and is starting to get some good divergence however I remain cautious of this as it has thrown false signals in the past. I would want to see a cross of the 0 point to confirm this as an uptrend signal, currently the trend is negative. + +[MACD 1D ](https://preview.redd.it/akhbegmmw2u71.png?width=1557&format=png&auto=webp&s=85ca8baab4dbf0d9ce2a1d4d5727bef48bcbc7ca) + +Stochastic RSI + +This has a nice bounce of the K% line and looks like it is beginning a bullish intersection with the D% as it comes back up from oversold. A K/D crossover is bullish and this average is smoothed out enough that it is all but confirmed. This is exactly as expected from [last weeks DD](https://www.reddit.com/r/Superstonk/comments/q5iqep/jerkin_it_with_gherkinit_forward_looking_ta_for/). + +[StochRSI on the 1D](https://preview.redd.it/snm5no97x2u71.png?width=1554&format=png&auto=webp&s=6f063669156c6771273f04abe6ed453841dccde9) + +**ADX & DMI +/-** + +ADX is showing a weak slightly negative trend but the signal lines are nearing an intersection had we closed up Friday we may have seen a crossover and I expect one as we see some price improvement this week. + +[ADX&DMI +\/- on the 1D](https://preview.redd.it/3f4r7o45y2u71.png?width=1552&format=png&auto=webp&s=9e758bd768909ea83958af48b1237ead01180f27) + +**BB/KC and TTM Squeeze** + +The Bollinger bands have Snapped inside the Keltner Channel again as of Friday and TTM is showing a fire signal on the 1D indicating a move to the upside. This can drag out a few days as we get more fire signals especially if we trade pretty flat for the first three days this week. + +[TTM and BB\/KC Overlay on the 1D](https://preview.redd.it/uh82p57kz2u71.png?width=2455&format=png&auto=webp&s=940308f1e8fbdb64553169d39e9a75643759e7dc) + +**TL;DR:** + +Technical formations and Oscillators are all pointing to an upside move and a significant increase in volume and volatility for this coming week. I still expect a couple flat days this week but it looks like a lot of the technicals are also lining up with the expected futures breakout dates as well. + +# Part IV: The Market + +With the supposed default of Evergrande set to occur tonight and the SLD thing playing out on the 3rd Monday of the month we may see a drop in the market tomorrow and yes if GME has little to no volume it will likely drag us down with it. However the technicals belie the fundamentals here. Friday the SPY rallied back out of those corrective zones and even broke back through a lower long-term trend indicating a double bottom bounce. Additionally it has a BB/KC squeeze and TTM signal to the upside. So either we correct even deeper tomorrow due to middling sentiment or the market surges to new all time highs. We should have a better idea tonight based on the trends we see in the Chinese Markets. + +[Spy Technical Bounce on the 1D ](https://preview.redd.it/z0pb0y6z03u71.png?width=2463&format=png&auto=webp&s=7509e23b585588fedf0ffc89eea2d6a34e7a7d66) + +[SPY Correction Zones](https://preview.redd.it/kw23q8k713u71.png?width=1555&format=png&auto=webp&s=516fdfde8dd523d2bca5add0ffddf06dd02ab1d2) + +Lastly let's take a look at the Shiller P/E ratio as it also definitely pushed back up this last week. + +[P\/E 10 up .15 points over the previous week](https://preview.redd.it/7ckg3m8323u71.png?width=943&format=png&auto=webp&s=f63e1892cb9836c64b7c48dc138dce1c64637507) + +# Part V: Conclusion + +GME looks like it will have a decent week with some upside potential on Tuesday. The next Fail Date occurring on the 21st should have more of an impact on the 21st as we expect last weeks close and subsequent gamma exposure to force more FTDs this week, generating more options interest and thus more gamma exposure next week as we move towards that final fail date on the 26th. A dip in the market during the early part of the week could suppress GME's price for a couple days. + +***\* One last note DRS likely has a significant impact on this cycle while not yet apparent in the FTD data I do expect to see the baseline FTDs increase due to apes registering shares*** + +[The driving force behind these futures cycles](https://preview.redd.it/nd2c5xlc33u71.png?width=1628&format=png&auto=webp&s=825779ebfc860dc611fc0d78ef6492d9a5cefd6c) + +If you want to see more information on this subject matter feel free to join me in the : + +Daily Live charting (always under my profile [u/gherkinit](https://www.reddit.com/u/gherkinit/)) from 8:45am - 4pm EDT on trading days + +on my [YouTube Live Stream](https://www.youtube.com/c/PickleFinancial) from 9am - 4pm EDT on trading days\* + +or check out the [Discord](https://discord.gg/BGmjnrvHnw) for more stuff with fellow apes + +**As always thanks for following along.** + +🦍❤️ + +\- Gherkinit + +**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 want to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +I’m graduating in the spring and am very fortunate to have such a well paying job right out of college. I will be living with a few friends in a new city and will probably spend ~2000 month on living expenses. I want to max my 401k, and invest in ETFs and other stocks in another portfolio as well; however I also want to set aside a proportion of cash in order to invest in real estate or to put down for a mortgage in the next ~10 years. How much should I save? I know there’s no such thing as too much but I want to also enjoy life and not become obsessed with saving. Thanks for any advice! +News all High Tide investors have been waiting for today + +&#x200B; + +https://preview.redd.it/h6chs7cd9yo61.png?width=1864&format=png&auto=webp&s=df691b36c99e7ae5dde10e485b2410f3f34adeaf + + CALGARY, AB, March 24, 2021 /CNW/ - High Tide Inc. ("**High Tide**" or the "**Company**") (TSXV: HITI) (OTCQB: HITIF) (FRA: 2LY), a retail-focused cannabis corporation enhanced by the manufacturing and distribution of consumption accessories, is pleased to announce that it has completed the acquisition (the "**Acquisition**") of Smoke Cartel Inc. ("**Smoke Cartel**") (OTCQB: SMKC) and now operates both the largest and second largest e-commerce platforms for consumption accessories in the world1 with a combined total of 33 million site visits in 2020. As a result of the acquisition, High Tide has considerably expanded its footprint in the United States market, and is very enthusiastic about its position to begin online cannabis sales should the United States move forward with federal legalization. + +"The acquisition of Smoke Cartel is part of our strategy to aggressively pursue M&A targets that can be immediately accretive to shareholders. Now that the transaction has closed, High Tide will move quickly to take advantage of Smoke Cartel's proprietary and licensable drop-shipping technology to enhance all our e-commerce businesses and further drive vertical integration across all accessory business lines, while continuing to make progress on our application to list on the Nasdaq," said Raj Grover, President and Chief Executive Officer of High Tide. "This deal immediately gives High Tide access to Smoke Cartel's 550,000 customers, driving more sales opportunities and increased profit margin," added Mr. Grover. + +The Acquisition was completed pursuant to the terms of the definitive agreement (the "**Acquisition Agreement**") previously announced by the Company on January 25, 2021. High Tide acquired all of the issued and outstanding shares of Smoke Cartel ("**SC Shares**") for US$8.0 Million, implying an approximate value of US$0.31 per SC Share. + +The consideration was comprised of: (i) 9,540,754 common shares of High Tide (the "**HT Shares**"), having an aggregate value of US$6.0 Million with each HT Share priced at the 10-day volume weighted average price of the HT Shares on the TSX Venture Exchange immediately prior to the closing of the Acquisition (the "**Share Consideration**"); and (ii) US$2.0 Million in cash (the "**Cash Consideration**"). As a result of U.S. securities law considerations and negotiations between the parties, certain Smoke Cartel significant shareholders have agreed to allow the Cash Consideration to be allocated first to Smoke Cartel's shareholders generally, who were paid fully in cash, using all or a portion of the Cash Consideration. + +Pursuant to the Acquisition Agreement, 25% of the Share Consideration has been placed in escrow for a period of 12 months from Closing. + +In connection with the Acquisition, High Tide is excited to announce that Sean Geng, Founder and CTO of Smoke Cartel, has joined the High Tide team as Chief Technology Officer to oversee all IT and e-commerce initiatives for High Tide globally. + +The Acquisition is an arm's length transaction pursuant to applicable regulatory policies. + +\+++ + +I will cover all of the details of this in a video later today. Some pretty important considerations from this. + +Expect more good news from the company this week too... +**New Update on the situation here:** [FALSE ARREST UPDATE: Rouge officer got me my stuff back, I will be leaving the region shortly and won't be returning. : povertyfinance (reddit.com)](https://www.reddit.com/r/povertyfinance/comments/yrp67y/false_arrest_update_rouge_officer_got_me_my_stuff/) + +\> + +I have never had such a horrible experience such as this. + +I am not from the city; I had come to do some work for a month as a favor for a good friend of mine and did originally think about staying. There's a lot of stores and things to do and I wouldn't have to drive distances to get anywhere because everything would be in close proximity to each other, but man I have been treated poorly (especially being black) since I got to the city, and the city jobs are also horrible in pay (I'll make a separate thread on that) which surprised me. + +I was shopping at a poorly upkept grocery store, where I was mistaken for another guy who had come by before several times and had stolen a few items in the past, I told them I wasn't from the area and I even said I had ID proving I wasn't from the area and they are mistaken, but they still called the police and when they arrived they immediately beelined for me twisting my arms telling me to not resist arrest even though I was clearly staying still trying to explain that I am not from the area, which they ignored, and drove me all the way down to the station. At the station, I had to empty my pockets and the cops searched my bag, they put almost everything from my pockets: Axe deodorant, my cell phone, my keys, receipts, in a small plastic bag. My wallet was not put in the small bag however, it was instead put it in my larger bag and then the cops took both of them away as I waited in a cell. + +Eventually it was established that I was not the guy they thought I was, confirming I wasn't from the area. I was then let go and given the small plastic bag with the items I listed above in it. + +But to screw me over, I asked if I can get my bag back and they said I can't because the staff in charge of that part of the department was not available to check it out and wouldn't be back until Monday next week because Friday is Veterans Day. + +I was told I was free to go, I asked them if I will be taken back to where I was, they responded that it's not their issue. I then asked to at least give me my wallet, which had $20, my cards, and my **ID** in it but **they refused,** and told me that they can't access the lockup until there is someone there to check-out the items. Which I personally think is a load of horseshit because they had no problem taking my bag into lockup so they should have no issue getting anything out of lockup. But they told me I needed to leave and refused to explain themselves. + +As a result, I ended up in the middle of who knows where without any way to get a Taxi, or being offered a ride back to the location I was picked up from, even though it was **THEIR** mistake!! I've been walking down random streets finding any wifi that's open to use google maps to at least find out where I am, turns out I'm miles away from where I was picked up from. + +In my neck of the woods, the police have the decency to drive you back to where you were picked up from if there was a mistake, or if you were witness. Doesn't seem like there's any decency in the city. + +**Please tell me none of this is standard and it's illegal. If it is what parts are illegal and what can I do to be compensated and hold these people accountable?** If it is legal, I will never move into any urban city ever, nope not even going to think about it. I am **especially** **suspicious** of how they put everything from my pockets except my wallet in the small plastic bag, put it in my bookbag, and then claimed they can't get my bag out of lockup because there's no one there to check it out. I suspect my stuff will be missing later by these crooks and should call my banks to cancel my accounts. **How can ya'll live in these places with low income and deal with all this garbage?** + +I may not know much about the law, but I am pretty sure these cops were in violation of the law. **Am I correct?** I also assume they aren't supposed to just throw you out in the street in the middle of nowhere when ***they*** make a mistake too right? Because if they are legally allowed to just wrongfully pick up someone or bring someone in for any other reason and just say "FU bye" that's not a police department to me, that's a mob protected by the state. +I am running a total of 5 cards right now on GME and it's mining just fine with no issues. + +https://imgur.com/532v4hc + +https://imgur.com/1PdaVDY + +I set my pool to 0.01 eth payout so hopefully we hit that soon with 5 cards mining. + +Total of around 200+ MH/s + +GME NFT ADDRESS FROM THE SOURCE + +Go to GME official NFT website and use that address to link to the rest of the address / contracts. + +Always go to the source + +https://nft.gamestop.com + +https://etherscan.io/address/0x13374200c29C757FDCc72F15Da98fb94f286d71e + +https://etherscan.io/tx/0x89df343d7e245d42a09de2c790c8c471a0956f32b55631a53a15268c56a74c2d + +https://etherscan.io/address/0x10b16eede03cf73cbf44e4bfffa3e6bff36f1fad + +You can thank the insomniac in me right now. + +I should be sleeping with my wife but instead I am mining while her boyfriend is keeping her warm. + +I love the stock + +I like my apes + +This is my way! + +🦍🦍🦍 + +💪💪🚀🚀💎💎🙌🙌 + +Edit 8: 2nd payout hit thanks to all the Apes who participated in this test run / trial run. + +https://etherscan.io/tx/0x3209cfedd5cad563f495b4765f146db1873b0ed9ec818db2f4b00a73581b089b + +https://www.flexpool.io/miner/eth/0x10b16eede03cf73cbf44e4bfffa3e6bff36f1fad/payments + +Edit 7: That was freaky fast. Someone please get all the GPU apes some jimmy johns + +We got a payout from Flexpool. This is why I love these guys. So freaking fast and efficient. + +Here is the transaction from etherscan and you can get more details also under the payment tab on flex pool. + +I am not the NFT specialist. I am just a filthy miner. + +Someone else needs to find out if we minted a coin or not. All I know is I can mine to this address and flex pool will initiate a payment to it. + +Here is the records. + +Thanks again u/Shorty-Hunter + +Thanks again all my apes for coming in clutch like you guys always do + +As always I love the stock and I will pick up more on Monday during pre-market. See you guys on the field. + +https://etherscan.io/tx/0x033859e88875ce4e7a2277eb6fed4fd4b06634cd771d8f76847fbdcd8c723286 + +https://www.flexpool.io/miner/eth/0x10b16eede03cf73cbf44e4bfffa3e6bff36f1fad/payments + +Edit 6: + +I love the worker names you guys come up with. 🤪 + +I’m just super boring with my worker names. + +Thanks again for your contributions. + +This proves what brother ape u/Shorty-Hunter said about being able to mine using the Gamestop coin address was true and what bad mod madie said was not true. + +https://www.reddit.com/r/Superstonk/comments/omijsk/update_from_the_ape_who_is_mining_ethereum_coin + +We hit minimum payout thanks to all apes and should hopefully see a payout next time flexpool does their payments. 💰💰 + +This will let us know if they’ve updated the code to begin accepting ether into their wallet which is needed as gas / fuel to power transactions and incentivize miners to process your request. + + +Edit 5: I had to . A single RX580 has entered the battle. All hail single GPU brother APE testing for the sake of science and GME. This is the way! + +https://www.flexpool.io/miner/eth/0x10b16eede03cf73cbf44e4bfffa3e6bff36f1fad/stats?worker=RX580 + +Edit 4: You can mine too for GME if you're bored or want to learn. +https://www.flexpool.io/get-started/eth/GPU + +Edit 3: Couple more rigs showed up and now we are at 545 MH/s of power. + +https://www.flexpool.io/miner/eth/0x10b16eede03cf73cbf44e4bfffa3e6bff36f1fad/stats + +Edit 2: Looks like another ape is an insomniac too and is helping route another 200 MH/s of power our way. RISE UP APES +THIS IS NOT MY WORKER. THIS IS A NEW WORKER THAT POPPED UP 28 SECONDS AGO. + +https://www.flexpool.io/miner/eth/0x10b16eede03cf73cbf44e4bfffa3e6bff36f1fad/stats?worker=WORKER_NAME + +Edit 1: Check out pictures if you don't like text. + +https://imgur.com/532v4hc + +https://imgur.com/1PdaVDY + +Edit to prep Apes for future FUD from shills + +Everyone please keep in mind the FUD about payout reverting. + +No one cares if it will be reverted. + +Just the fact that I can mine against the wallet/address/contract is enough confirmation bias for me that I know I picked the right company to invest in. + +After this weekend shit show, I plan to buy more GME badges pre-market Monday. + +GME will be cutting edge and will make an example for everyone company to follow into the future. + +I love the stock. + +I like my apes. + +Don’t get me started on MODS. + +This is my way! + +🦍🦍🦍 + +💪💪🚀🚀💎💎🙌🙌 +Purchased a brand new vehicle this month. Went to look at making a payment and it says it’s paid in full! Got a letter from the loan company saying the vehicle is paid in full. Received a title in the mail showing a lien that I’m supposed to take to tag the vehicle. Got a check from the dealer for the gap insurance. Called the loan company and they said the loan was paid in full by the car dealership and they were sending me my lien release.. what do I do?? I know that sounds dumb but there’s no way I just got a free $36,000 vehicle! I couldn’t make a payment on the app because it showed paid in full so I contacted the loan company and they stated they was sending my lien release.. like WTH! +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? +Update: Thank you to everyone for the advice, I'm going to file a complaint to the department of labor and tell them I have not been paid. My issue is as mentioned I'm not in the state anymore since I had to leave for school. When I file the complaint how do I inform them I haven't been paid without getting into the details of the theft? Do I just say tell them I had a family member go to my employer and the employer had no physical check to provide to them? + +&#x200B; + +I recently quit my hourly job because I moved out of state. I had a final paycheck arrive this past Monday after I had already moved, and I had arranged for someone to pick it for me on Tuesday. We get physical checks at this job, they don't give us the option of direct deposit. When the checks are delivered on Monday, they are stored in the cash register under the till to allow employees to get them, and they're move to the safe after a few hours. Come Tuesday, my manager went to get my paycheck out of the safe, and it was not there with the other remaining checks. I've spoken to the upper level management who handles the checks and they reached out to their bank who informed them that that check had been been cleared that very same day it was delivered. Meaning one of my former coworkers took the check and deposited it somehow. + +I was counting on the money from that check to support myself at the start of this semester, it was around $750 before tax deductions, so I'm really upset. Since they are physical checks, they have my family's home address, my full name, and part of my social security number. They also have information such as the total amount of money I made this year and tax deductions. I really don't know what to do, I'm trying to reach out to my employer but the man who handles the money is barely responding to me and has only told me that their "bank is investigating it". + +I don't understand how the thief was able to deposit my check in the first place and if they are able to commit any sort of fraud with the information on it. I'm not sure if this is the right sub to post this on but any and all advice would be appreciated. I'm still pretty young (college student) and I feel totally lost. +I’m looking to purchase my first house with the intent to live in it short-term and then rent out after a couple years. In the area where I’m looking I can get a new/new-ish home for $220k-$250k about a 20 min drive from downtown proper. A similar size home downtown that is much older (1920-1960) would cost around the same, maybe a little more, and would be completely remodeled. I personally don’t love the frame and look of the old houses but I’m trying to think of it from an investor point of view. In general, does it matter? This is a growing city and I’m planning on holding long-term. +Just sharing a story from today for those that might have an idea to game the system like I flirted with a few months back. + +&#x200B; + +I had a representative from the bank come by today to verify that I was occupying one of the units of a duplex I purchased 7 months ago. He asked if I was the owner, I said yes and he proceeded to take a picture of the living room as proof that he made the visit. + +&#x200B; + +I had done tons of research prior to buying this duplex and found that the banks NEVER check to make sure you moved in. Those that warned my said that they had never heard of someone getting caught. Let this be your warning. I was sooo close to not moving in here or moving out early several times in these past 7 months, good thing I decided to be a law abiding citizen. +It's gotten to the point where I wake up, grab my phone and then proceed to make decisions that involve literally thousands of dollars like it ain't sh*t. All without leaving my bed. Its not like going to the bar and playing quick draw or buying scratch offs where you are using physical money. It's a number on a screen. Now obviously if your constantly depositing money into your brokerage account you'll see that money disappear from your bank but I've been trading with the same initial deposit for years now. + +Hell lately I've been just yoloing the f*ck out of trades and squandering it. I really gotten chill and just let what I got ride out. I'm so disconnected from that number in the account. Yes I feel it when it goes down but it's not the same as seeing money come out of my checking or savings. +The New York Stock Exchange on Tuesday set a reference price of $45 for shares of U.S. gaming platform Roblox Corp on the eve of its public market debut, implying a market value for the company of around $30 billion. San Mateo, California-based Roblox is among the world's most popular gaming sites for children and offers a host of games across mobile devices and gaming consoles. The reference price is not an offering price to purchase shares but rather will be a performance benchmark for when Roblox's stock starts trading on the stock exchange on Wednesday. The opening public price will be determined by buy and sell orders collected by the NYSE from broker-dealers. Roblox has opted to go public through a direct listing rather than a traditional initial public offering (IPO). This means the company is not selling any shares in advance of its market debut, as is the case with IPOs. Direct listings are still relatively rare, though they are becoming increasingly popular way to go public amid criticism that investment banks underwriting IPOs underprice shares being sold to help create a first-day trading "pop" for the benefit of their big trading clients. Reuters reported last week that U.S. grocery delivery app Instacart is considering going public through a direct listing, concerned that it could leave money on the table through an IPO. Roblox said in January it had raised around $520 million in a new Series H private fundraising round in a deal which valued it at $29.5 billion, more than seven times the $4 billion the company was valued at in its Series G round 11 months earlier. U.S. demand for video games has surged as consumers seek home entertainment while living under lockdown measures to curb the spread of COVID-19. - Reuters + +**No link to post in this subreddit for some reason so I copied and pasted the article for anyone interested in $RBLX. + +***Update: Roblox Shares Indicated Between $67-$72 +- Reuters 3/10/2021, 11:04:16 AM + +***Update 2: Roblox Shares Indicated $64-$66 +- CNBC 3/10/2021, 12:38:17 PM + +Edit: deleted news article link. + +***Update 3: BRIEF - Roblox Class A Shares Open 43.3% Above Reference Price in NYSE Debut. OPEN AT $64.5 IN NYSE DEBUT - Reuters 3/10/2021, 1:35:54 PM $RBLX is now live and trading! + +Thank you to everyone that commented on this post today and for the awards. Congratulations to everyone that got in this rare DPO. God bless and keep you and yours! +I thought about grabbing it on the 18th, didn't and kinda regretted not doing so especially after the big bounce the following day. I grabbed it today, could have done a little better but that's OK. My plan is long but would like to sell CC on it and wheel if I lose it. I don't really want to lose it but also not married to it. Given the way it moves any suggestions on if I should be doing weekly vs monthly and how to pick a good strike? +A very morbid but not unrealistic situation, albeit a bit worst case scenario in terms of infection. +If 70% of 65 and over catch coronavirus and 10% of them die, how would that effect the economy? + +There are around 4,000,000 Aussies ages 65+. +2,800,000 catch the virus meaning 280,000 dead. +So $MJ is just over 30% TLRY (15.59%) + APHA (14.97%), and has gone from closing around $23 last week to $33 today. Most of my other ETFs are the boring slow kind so to see this kind of run up has me considering what to do. + +What do ETFs usually do in this situation? I'm assuming they pare down their high flyers to invest in new opportunities, keeping their volatility down and their performance more consistently trending up. Do you take a little profit? Curious on other's thoughts. Thanks +95% of my portfolio is in broad based ETFs (think VOO, VT, VXUS, QQQ). I have been $ cost averaging for 18 months and I am obviously carrying losses atm. I am confident that I'll see 8-12% YoY on average over the next 20-30 years because that's how it works but I have two reservations: +1. As ETFs become more dominant, there is less active pressure on companies to improve their performance. +2. A small number of large companies skew the ETFs do they're not as diversified as I think +Do you agree with these points and should it concern me? +I have finally taken the plunge and moved my mutual fund into self-directed investing I have made my decision for XAW/XIU mostly for DRIP reasons (RBC doesn't list XEQT as DRIP eligible) and because I can chose the proportion of Cdn market. + +So, if I wanted to move a large amount (100k+) into one of these scenarios ((XEQT/VEQT or XAW+XIU) how would you buy your shares? All in one shot? (probably not) Or in pieces of say 10k or 15k over a 3 or 4 month period? Is there a golden rule somewhere? +Hey everyone! + +Today, my investment portfolio (80/20) creeped above $2.5M and I am delighted to declare full Financial Independence (A 2% SWR will give me $50K/yr pre-tax). In addition to my investments, I own a paid-off single family home (valued at $300K). I have no debt. My total net worth is $2.8M. + +I am NOT going to retire, however. I will instead be shifting to part-time employment...working 3 days/week. My work will pay me an additional $93K/yr pre-tax. Working will allow me to maintain my social circle (largely consists of friends at work), stay active and productive, and still enjoy my 4-day weekends. The extra income from working will be split 50-50 towards growing my nest egg even further and towards more fun. + +Speaking of expenditures...my expenses as a single man are $36K/year (I splurge quite a bit on top-quality food, excursions, cruises, and- only where it is legal- on prostitutes). + +From the bottom of my heart, thank you, r/FI, for getting me here! +Just wanna say I wish u/criand and u/atobitt would take a look here, not sure if they are still around. + +So do yourselves a favor and read up on the swaps theories in the DD library, you can just search "swaps" and it'll pull up some of the best. + +https://fliphtml5.com/bookcase/kosyg + +I wrote [The Case of the Missing Swaps](https://old.reddit.com/r/Superstonk/comments/v2npsi/the_case_of_the_missing_swaps_is_the_cftc/) last month because I was pissed that the swaps data for February 2021 to June 2021 had not been uploaded and I had a feeling that's because they were hiding something inside them that could be damaging to the short sellers. Well I put in an FOIA request for that data as you can read about in that post and received a response that it would be posted around later July/June. + +[One month ago when the reports were still missing](https://imgur.com/7RepEgO) + +Well the weeks have finally been posted. Why do you think RC is always liking the gender swap faceswap gifs on Twitter? It's all about the swaps, and he wants us to look there because I think that is where the damning evidence is. + +We need to tear this apart: +https://www.cftc.gov/MarketReports/SwapsReports/Archive/index.htm + +TLDR: Missing swaps data was recently posted from a crucial time after the sneeze. We need to investigate and see what we can find. +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/wsNDGTf5QH). +Hi Asx Bets! + +I'm ShadowedMan1942, I've been watching DW8 since it started falling, thinking it might turn around and hit a point where it could be a good purchase. Being a CPA, I took a dive down, past the Profit and Loss, the Balance Dheet and the Statement of cash (out)Flows into the juicy notes to see what the purchased businesses contributed to DW8. + +What I found was interesting and requires understanding of what Goodwill is. + +Goodwill is an intangible asset (not tied to something real.) it is brought onto the balance sheet because the business paid more than the assets are worth, and this balances out the price paid. + +This is normal, a successfully running business is hard to set up and you expect to be paid a premium due to this. What seems odd though, is paying 166-710 times the amount of the net identifiable assets. + +&#x200B; + +[Wine Delivery - 710 times higher than Net Identifiable assets](https://preview.redd.it/vih93hro6rk81.png?width=678&format=png&auto=webp&s=14c99ab99a362b2d0cb8c4c819c6246f89ca5963) + +First up it looks like DW8 is buying customers, the Balance Sheet purchased, close to worthless, but on the right side of that number. From a glance, they have a positive Current and non current asset to liability ratio. if the business was profitable, I wouldn't be expecting cashflow concerns and they would be off to the races. + +Given the low price I'd let this one go if it got DW8 significant numbers of customers. Sadly the number or magnitude of the increase from the purchase hasn't been disclosed and this aquisition has had issues causing them to recognise a $1.2 million loss from this deal. + +&#x200B; + +[Parton Wine Distribution - Possibly paying $747k for the priveledge of 4.7million in net liabilities.](https://preview.redd.it/2mxzqjxi6rk81.png?width=686&format=png&auto=webp&s=d77fd6d1b5cf81ec193ccff05a738ebb2607b29f) + +Hailed as a industry leading company, DW8 purchased this for a contingent consideration (an amount that DW8 May have to pay if Parton Performs.) Not bad if the 225 customers it brings with it are able to help the business scale and whether DW8 can cross sell these services to existing ones. + +Trouble is, thier balance sheet suggests this hasn't been the case. + +Current liabilities, (amounts owed to people that need to be paid in the next 12 months) vastly outstripping current assets. + +Property plant and equipment leveraged to the hilt. + +Big hefty payroll. (over 100 staff.) + +What I see here instead of a industry leading company, is a company in trouble, tettering on insolvency. + +&#x200B; + +[Kaddy - only paid 166.5 times the net identifiable assets.](https://preview.redd.it/277sykjb6rk81.png?width=650&format=png&auto=webp&s=f19ec2d02b742fc99f231977729184dec0c245e5) + +Ah Kaddy, Close to the wire again, perhaps a diamond in the rough. Another business with a good amount of liquidity, Some concerns over the long term,(9,919 in non current assets but 501007 in non current liabilities) but nothing that consistent profitability on the bottom line won't fix. + + +Kaddy adds around 2,000 customers and 450 suppliers, increasing DW8's target market outside of Wine and adds different alcholic beverages to the mix. at $11,387 per customer, I hope they like drinking. + + +$30,473,715 in good will purchases ($29,512,903 after impairment and amortisation.) These combinations and the ongoing costs from them have significantly contributed to skewing of the figures to the point that per share, the business has -0.2c in tangible assets, down from 0.6c. (share dilution is a whole other topic.) + +This has, in effect, been putin the business in a position where they owe more than the business has in tangible assets. Risky. + +Are these savvy business purchases during covid to get companies on the cheap or CEO gaming his Key performance metrics for personal gain? I want to know what you think. +Hey guys important question. You know when you collect coins or silver you naturally need to inspect what you’re buying before you buy it. How can I check the stocks I’m planing on buying to make sure they are good condition. I have asked commsec because I want to view my stocks in person but no one seemed to understand what I was saying. They ended up hanging up on me. Please help ASAP cause I want to go see them on Monday to make sure the ones I bought are tip top condition. +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: 262144 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) +I was thinking about what to get my sister for Eid, and one of the ideas I had was opening a college savings account for her recently born daughter (9 months) and putting about $500 in it, and maybe with contributions from my parents and other siblings, + +Is there anything I should know before I start it? +What did you learn this year....? + +What would you do differently? + +Where did you grow? + +My learning: Transition is a process, not an event. + +What I would do differently: I trusted a business partner's word over their actions. It was a sad situation and I won't make the same mistake again + +I grew in self efficacy and agency. My desire is now self-mastery rather than external success. +So after finishing up 2020 I had some money laying around and decided I wanted to dip my toes into the stock market and ended up buying a decent amount of shares in GME(Gamestop) and AMC. Fast forward a few weeks and well I'm sure everyone has seen the news. Needless to say dumb luck can be a wonderful thing. I ended up making around 35k in total. So now I'm trying to figure out what to do to prepare for 2021 taxes. I'm married with a child but my wife is working on her phD so has no real income. Our household income is usually around 100k and with HSA, FSA, 401k, etc I can usually get down to the 12% tax bracket. So my question is what should I do with this money ? Putting in a saving account seems like a waste. We have little to no debt besides our house. I was thinking about maxing out my 401k for the year. + +&#x200B; + +TLDR: Got extremely lucky with the first two stocks I ever bought and I'm trying to figure out what to do to prepare for Uncle Sam. Any suggestions are greatly appreciated! + +&#x200B; + +Side note my wife is pregnant again(it is still early) but there will be alot of medical bills since we are on a high deductible plan. I'm hoping that will help some. + +Edit: sorry wanted to clear up some points. The gains have been realized I got out before the stocks came back down and I held them for about 3 weeks. I know I will have to pay taxes. I'm trying to figure out what to do with the money until I pay the taxes. Sorry I am brand new to buying and selling stocks. I usually just put my money into our 401k and Roth IRA. This is my first time actively buying and selling. +**This might be good news after the rout in China tech since Feb 2021. There was a lot of uncertainty whether China is shutting itself off from foreign capital and how it could lead to delisting of ADRs like BABA, BIDU, JD, PDD, NIO, etc. But I guess they won't be turning their heads away from foreign investors anytime soon.** + +BEIJING, Sept 6 (Reuters) - China will further open its capital markets to foreign investors, the country's top securities regulator said on Monday, adding that it will pursue pragmatic cross-border cooperation to regulate overseas-listed Chinese companies. + +Global investors have been spooked in recent months by a flurry of Chinese regulations targeting sectors ranging from technology to private tutoring. U.S. plans to kick non-compliant Chinese firms off American exchanges has fuelled concern. + +"Opening-up and cooperation is the inevitable trend in the integrated development of global capital markets," China Securities Regulatory Commission (CSRC) Chairman Yi Huiman told a conference organised by the World Federation of Exchanges. + +China is studying further measures, including expanding the scope of the stock connect scheme linking China and Hong Kong and improving the Shanghai-London Stock Connect program, Yi said in a speech posted on CSRC's website. + +Meanwhile, CSRC will conduct "pragmatic" cooperation in areas such as supervision of overseas-listed Chinese companies, cross-border auditing and law enforcement, he added. + +Yi said that given interwoven global markets, governments should abandon the mentality of a "zero-sum game", as companies and investors share both the boom and the doom. + +Global financial centres should facilitate cross-border financing, "rather than become the platforms and tools governments use to sanction other countries", Yi said, without mentioning the United States. + +Yi's speech came a day after CSRC vice chairman Fang Xinghai made similar pledges to further deregulate China's markets. + +China will expand the channels for foreign capital to invest in Chinese securities and futures markets, and will further facilitate the issuance of yuan-denominated "Panda bonds" by foreign institutions, Fang told a separate conference on Sunday. + +China will also improve domestic listing rules for overseas entities, as well as regulations on overseas listings of Chinese companies, Fang said in a speech also posted on CSRC's website. + +Fang also vowed to safeguard Hong Kong's status as a global financial centre, saying that Beijing supports domestic companies listing in Hong Kong. + +https://www.reuters.com/world/china/china-will-improve-opening-up-capital-market-securities-regulator-2021-09-06/ +I graduated with my master’s degree a year ago, and am one year into my first post-grad job. I get paid $30K per year and try to do side-jobs when possible. I’ve asked for a raise but I’m not holding out, and am applying to other jobs. My partner of 3 years makes enough from investments that they don’t need to work, so money isn’t really an issue. However, my partner is used to luxury living and I simply can not afford that. We’ve been living together for 2 years and rent is more than half of my income. I’m constantly stressed about money but it’s hard to live frugally when your partner doesn’t like frugal. What can I do? + +Edit: Thank you all for the advice. I’ll have a sit-down talk tonight, I’ve just been ashamed to admit how hard this is for me and trying to keep my head above water. + +Regarding my education vs pay: I’m trying to find a better paying job. I know I’m being underpaid but the job market was so competitive after graduation that I had to take what I could get. +So I feel like ive been killing it since I got into crypto trading. I have many years of experience trading in other areas so chart reading is something im already good at. I kinda lost track of how much I made from start with all the deposits and withdrawals at different times. About 6 or 7 weeks ago I put in $1200 into a new Bittrex account to see what I could turn that into. So today, my account sits at 17k , a few hours ago it also most 19k then all the big alts started dropping a bit. So this is killing it right? Or how to my results compare? I know this is a crazy time in crypto thats why i am asking. +English it's not my first language so I apologize in advanced, I also know that this is not probably the place to write about this but.. I feel the need to express my self out of the stress and how stupid I feel right now. + +I'm new at this and you know how on twitter sometimes you see offers like XRPs giveaway and everything? + +There was an offer where you have to create a wallet account on this website "https://ripple-cloud.com/index.html" and as soon as you start to transfer, it would add 20% more XRPs of what you added, maximum XRPs giveaway were 500. So I had to transfer 2500 in order to reach the 500 giveaway but I only transfered 1800. + +Turns out that at the time I wanted to withdraw my 1800 plus the bonus (360) it did't work. I had a conversation with the twitter account of that website and I was told that I must reach 2500 in order to be able to withdraw my initial deposit plus the giveaway bonus, otherwise it will be stuck in there. + +Now... like I said before, I'm new at this so I feel so stupid that I lost 1800 XRPs. I spent 2 years saving that money and decided to invest it last december in this cryptocurrency because I believe in it. I still have some left but man.... I feel so awful because the main reason I've been saving little by little was in order to pay me a new career and help my parents, both are 60+ so they don't work anymore, I was already planning to surprise them with the earnings I was going to get out of this. + +I live in Mexico so as some of you may know, salaries in Mexico are some of the worst, I get $11,500 pesos per month, that's around 600 dls, so yeah... you can do the math of how difficult it can get over here. + +I totally know what's the purpose of this community and I know that this might be pathetic to some of you but I can´t stress enough how important my family is for me and how stupid I feel to have lost that money. + +So I know there are new investors coming everyday that are also new at this as me. Please please take good care of your information, scams are everywhere. Read about everything, read how things works, read about wallets, how to read transfers, security, etc.. it's your money after all and we all here have our own dreams so, be careful out there. + +As I reach the end of this post I'm asking my self if I should do this or not but given the desperation I feel and how hard it was for me to come up with this money, I would like to leave my XRP address here just if you feel like contributing but I'm not sure if this post would be removed + +Please contact me if you need anything on my side or more information about that twitter and website or if you would like to donate something! + +Thank you all and good luck fellow investors + +I wanted to see what the consensus is in terms of purchasing LEAPS on stocks like Apple, Amazon, Microsoft, google, or spy now when stocks are down and then running the poor man’s covered call strategy against the long call, and if no why not. Thanks in advance. +I started doing the theta gang strategies back in September 2020 and I wrote up some of my lessons learned as a beginner trader. I hope this helps someone make fewer mistakes than I did. 🤗 + +[https://major.io/2021/01/04/lessons-learned-from-selling-puts/](https://major.io/2021/01/04/lessons-learned-from-selling-puts/) +Obviously not financial advice, Apes. Just my Monday morning musings… + +&#x200B; + +*Edit: Thanks for the awards, Apies! I hope those were all freebies - better spend on $GME!* +The mere fact that you post and browse this sub, and think about your future puts you miles ahead. + +I am 36, and when I was 22, I was so scared that I wasn't saving money every month. But trust me, you are young enough that it is OK. + +You are ahead of the game because you're thinking about it. It's that consciousness of finance that is going to help you. You'll make the right decisions when the time comes. +https://www.npr.org/2020/01/10/795293539/women-now-outnumber-men-on-u-s-payrolls + +Job growth slowed last month as U.S. employers added just 145,000 jobs. But there was an interesting milestone in Friday's report from the Labor Department. Ninety-five percent of the net jobs added in December went to women. + +Women now hold just over half of all payroll jobs in America, for only the second time in history. The first was during the Great Recession, when a wave of layoffs hit male workers first, temporarily giving women an edge in the workplace. The period was even dubbed the Mancession. +I'll go first. My teeth are a mess cosmetically and the cosmetic dentistry I need to fix them is upward of $9k. I have dental insurance but this is not covered. I have a composite bridge from 12 years ago that cracked and broke as my teeth shifted, so I keep it glued together with super glue. Every now and then it breaks and I glue it again. I have a lot of anxiety over it and have to eat very carefully. +An Israeli company that designs, develops, manufactures and markets minimally invasive aesthetic medical products. + +$27 A Share + +$4 a share in cash after all debts + +P/E 11 after cash deduction + +P/FCF 10 after cash deduction + +Increase in shares outstanding has stopped since 2021 + +Rev 2017 53m - 357m + +Cost Of Rev 2017 16.94% - 2021 14.99% + +Gross Margin 2017 83.06% - 2021 85.01% + +SGA 2017 61.50% - 2021 35.73% + +RND 2017 4.82% - 2021 2.67% + +Operating Margin 2017 16.74% - 2021 46.99% + +Net Margin 2017 16.50% - 2021 46.14% + +Thoughts? My issues are their ability to sustain the growth with the significant decreases in RND and SGA, also the numbers are so good that I am a little dubious. +I listen to a couple podcasts, follow a few energy analysts on twitter, and one thing everyone is echoing is that Oil is underinvested and under supplied for the next decade. Where do people get this kind of information? +I just came across them and they seem solid, even if they don't come back soon to pre COVID levels they seem like a solid value play at 4.5 Billion free cash flow a year and liabilities almost the same amount as cash and receivables. + +But what do you think? +TREND CHANNEL TRADING + +A Strategy to Overcome PDT Rules + +@ Yeezy\_Trades + +This is a strategy I have been using for some time that has allowed me to find success while stepping away from the news cycles and endless horde of “twittersultants” that have only helped me lose more than I could ever seem to gain. This will surely draw criticism and isn’t for everyone but if you feel like you’re chasing yourself in a circle trying to grow your account and you’re going nowhere then you might give it a serious look. + +**What is the principle behind this strategy?** “Real traders try to hit singles, not home runs.” This is the easiest and most reliable way I’ve found to hit singles on a consistent basis. + +**What is the goal?** To reach $25,000.00 as quickly and safely as possible. + +**How does it work?** Using 1 min, 5 min, 15 min, and Hourly charts to track intra-day moves and identify a trending channel. + +**What type of trades are you making?** Buying daily Call / Put Options based on short-term market momentum. + +**What is a trending channel?** A trending channel is created when a particular stock bounces off intra-day trend lines created by daily highs and lows. These trends can present themselves as either horizontal or diagonal. While many believe these are psychologically created by traders and their emotions, I believe the culprit is algorithmic which is what makes this strategy more reliable than most. + +Here is an example of trending channel that developed on $SPY on 9/25/2021 which I will use as an example throughout this post. + +***SEE IMAGE 5 - Example Chart*** + +[Chart 5](https://preview.redd.it/ubmhw4kli2k61.png?width=1567&format=png&auto=webp&s=8518d01fe08d3d9077eb9df39a0d9b22014506f2) + +This trade produced a return of around 80% after going as high as 110%. As you can see, I entered a little early, as I thought the downtrend was developing. I almost stepped out as my loss encroached on 10% however as the stock reached the developing trendline it turned downward and ran for a considerable amount of time. My stop loss eventually forced me out halfway down through the move, but I was incredibly happy with the profit I made. + +As a disclaimer I would like to say that I had to go back and draw these lines in after the fact. The lines that I used to make my trade, created by Trend Spider, were much more defined and in line with the daily highs / lows. (I just do not remember exactly what they looked like at the time) + +Now let’s talk about some of the restrictions and hazards of this strategy. + +**Available Day Trades –** This is a day trading technique, and so you will need available day trades. This means that you will have a limited number of trade attempts per week. When I started with this strategy, I effectively could make three trades a week, typically M, W, F. However, you could also use all 3 day trades on the same day or some variation in thereof, it is completely up to you and your trading style. + +**FOMO – Fear of Missing Out.** I think this is probably an apparent risk to anyone who is familiar with trading, but it warrants some attention. Sometimes trends change, stocks alter their direction, they completely turn around and start moving the opposite direction. It is ok to lose 5%, 10%, even 15% if you’re willing to go that far. (My cutoff is 11%). Don’t get me wrong, it absolutely sucks to have 1 trade opportunity every 2 days and have to waste it on a loss but burning that trade and mitigating your losses is what will make you successful. Holding and watching a loss grow to 25%, 30%, 45%+ while you hope it turns around will blow up your account. I once read “If you are in a position where you are hoping your trade turns around, you’ve already lost” I agree, if you are in this situation then get out ASAP. + +**Time Consuming –** Making 3 trades a day is painfully slow in the beginning, believe me I know. However, if you’re down several thousand dollars like I was and you are of the mindset “I have to claw my way back by any means necessary” then I highly suggest you try this. If you are looking for fast money and “extra-large tendies w/ fries on the side” then this probably isn’t for you. + +**Trading deep in the Trend Channel –** These trends tend to be effective for a few hours at a time, but you must keep in mind they can change at any time. The more times that the stock bounces off a trend line the more likely it is that the next time it touches the trend line it will break out. A good rule of thumb is that if it is working on its 4th or 5th move against the trend line then it is likely to break out soon and setup a new trend, you should avoid taking a position at this point and look for a new trend to develop. Ideally, I try to enter a trade the 2nd or 3rd time it bounces off the trend line and hold until I am forced out by my stop loss or I am satisfied with my return. + +Ok, so let’s talk a little more about the setup and entry point… + +I tend to exclusively trade $SPY. I do this because I am very familiar with it and I have found that stocks are like people; they have a personality and once you get to know them you can moderately anticipate what they are likely to do next. However, like people, they will always find a way to surprise you so stay attentive. You can trade whatever stock you want just make sure you are familiar with it. + +My search for a good entry point begins the moment I wake up. At this point I begin evaluating futures, foreign markets, pre-market moves and reviewing the Economic Calendar for the day. I am looking to see if there is anything that I can use to discern market momentum for the day. + +This is important because to be successful you must trade with the market, meaning if the market is trending downward, you want to be buying Puts. If the market is trending upward, you guessed it, you want to be buying Calls. + +Be very cautious on days that important market news is being released. Most recently this would be something like the Fed speaking on rate adjustments. However, it could be any number of things. Trading on days like this is fine just be sure you wait until after the news is disseminated. You want to trade on the confirmed news and momentum, not on the speculation. + +Once I feel that I am certain of the current market direction I begin looking at the Hourly chart and reviewing the trend lines provided by Trend Spider. + +Ok so let’s go back and look at the trade I referenced earlier but a little more in depth. + +***SEE IMAGE 1 - Hourly Chart*** + +[Hourly Chart](https://preview.redd.it/jep563dji2k61.png?width=1567&format=png&auto=webp&s=7e4c4c96a5b7062ca8512f17da05ad79d4bcfd5b) + +This is the hourly chart; you can see where I’ve marked the open on 2/25. The daily news was indicative that markets were in a sell-off. Powell had the day before said no rate changes were coming but 30y bond yields were still on the rise. Investors were pulling out and there wasn’t any news on the horizon (that I knew of) that would change the market momentum. + +I then went to my 15-minute chart to start plotting an entry point. + +***SEE IMAGE 2 - 15 Minute Chart*** + +[15 Minute Chart](https://preview.redd.it/vqvhrkjqi2k61.png?width=1567&format=png&auto=webp&s=98ab6c54f860477988526656601db112a1923a92) + +As you can see, the market was already down considerably for the morning. Over 1.25 hours $SPY had given up 0.88% with no indication of stopping. The channel was comprised of two downward slopping trend lines I have drawn in on the 5-minute chart which can be found below. (You can also see the entry and exit points I have marked for reference) + +***SEE IMAGE 3 - 5 Minute Chart*** + +[5 Minute Chart](https://preview.redd.it/7yhfm5psi2k61.png?width=1567&format=png&auto=webp&s=c28700880bc275ec010df2111bc19860e7038a7d) + +Here you can see the channel as it was developing, taken from the high and the low at the open candle and matched with what Trend Spider knew to be true at that point. (Again, I had to re-draw these lines, these are very close, but the trend lines produced by Trend Spider in real time are far more accurate.) I have also marked a notable point of interest with a red line. This was a strong indicator for me as it had previously served as support moments before but now as the price was working its way down the channel it was serving as resistance. I entered the trade a little early and almost stepped out as it seemed like it was about to break out of the channel but luckily it bounced off the resistance level a final time and continued downward. + +Now to the one minute chart, this is where I keep my attention once I am in the trade. + +***SEE IMAGE 4 - 1 Minute Chart*** + +[1 Minute Chart](https://preview.redd.it/tzv76u8wi2k61.png?width=1567&format=png&auto=webp&s=95135c6a41b0a4a4f84b03ef5d1ac905ade2662a) + +You can see here it took off considerably. At this point I am glued to my desk (don’t tell my boss). I am constantly lowering my stop loss to lock in any profits. I think at the highest point it hits 110% but I actually wound up taking around 80% profit out of it. Had I held a little longer I would have made double that, but hindsight is 20/20 and you should always lock in your profits. The worst thing you can do is be up big and end up at a loss because you got greedy. + +Once I was out, I was done for the day, I moved on with my 8/5 job and waited until the next day when I had another expendable day trade. + +Alright so that is about it. It is extremely simple, very easy to follow and does not require a lot of market knowledge, capital, or risk. The only thing you need is a lot of patience and an open day trade. + +I am sure there will be a lot of criticism to the speed of this trading style but the idea is to stay in the green until you reach $25,000.00. This will work. Just be honest with yourself and do not be afraid to exit a position and burn a day trade once you see you’re at a loss. + +A final thought. You’ll see a lot of traders talk about the size of their position. “I only risk 5 or 10% of my portfolio on any trade”. Typically, they are absolutely right but if you’re working from a very small dollar amount, anything under $500 as I was when I finally worked all this out then you’re going to have to be a little riskier and put a larger portion of your portfolio on the line to buy an option. This is ok but you MUST MUST MUST exit the trade if it starts going against you. And this might seem obvious, but I’ll say it anyways, do not enter a trade unless you have a day trade to spend. If you think “Oh I know which way it’s going, there’s only 30 minutes left in the market, I’ll hold it over night and sell it in the morning.” Just go ahead and Venmo me that money because it’s already gone. The overnight swing trades will absolutely decimate your account. It is gambling, this is trading. + +One final final thing, I’ve created a new Twitter account, Yeezy\_Trades (Don’t judge me), just for the purpose of answering questions associated with this strategy and will be posting my thoughts on trending channels as they develop on $SPY. Feel free to follow me, message me, whatever you want to do. I will never ask for any money or compensation. I simply want to help people who have are having a difficult go of it and are looking for a way back into the market. + +I would say best of luck, but this isn’t luck. It’s a proven system. + +&#x200B; + +TLDR: I would just read it really. But the point is you can safely and consistently make large gains 2 / 3 times a week. These add up FAST, if you follow the system. + +UPDATE TLDR: TrendSpider is what I use to draw the trend lines that create the channel, I do not draw them myself. Yes, I know I did not just magically discover this for the first time in human history. It is just a way to help people who are in a bad situation and need a safe and effective way to get out. +So my understanding of this new scheme is that the government will be a guarantor for the new mortgages meaning the lenders will be more inclined to offer higher leveraged mortgages. + +But the problem i still see remaining is that the average person doesn't earn enough to have a 95% mortgage lent to them (down south anyway) + + When my mortgage broker checked my partner's and mine numbers we were told we could be lent uoto 240k so even with the 95% our limit would be 252k ish which wouldn't even get us a 1bed in our location + +Am I looking at this correctly? +Hi everyone in u/dividends. I am a newbie in dividend investing, started it in November 2020. But huge amount of money I put in my brokerage account in 2022 and now I have \~290K in positions. + +My Portfolio: + +30% QYLD + +30% VYM + +30% SCHD + +10% O + +It provides me \~18K in dividends per year + +https://preview.redd.it/09r4k0jtm0591.jpg?width=1280&format=pjpg&auto=webp&s=0d72be97256ab6d5118a1ebe442651d6f9604930 + +My goal for this year is to reach 2 000$/month but in general I want to get 100K per year. Will be glad for any advice ) +xpost from askuk: + +I don’t really know how to start this – I could probably write a novel, but then nobody would read it. I guess I will start somewhere In the middle and keep things as concise as I can. My age, as of today, is 48 and I live in the depths of East England. Debilitating health problems have left me with not much to show for my years. I haven’t had a job since I was 16, and that was only in a small newsagent. Since then I’ve had periods of improvement but it has never lasted very long. Endless hospital appointments. Therapy has been had. SO. MUCH. THERAPY. After a while they get fed up if you don’t show progress and discharge. My life expectancy is maybe is another 9-12 years, if I’m lucky. + +That’s where I am at right now. No work history for nearly forty years. No qualifications. I can’t leave my home as I’m as frail as a 95 year old. So whatever I do has to be within the confines of my home. + +I’m really stuck. I don’t want to live my remaining years having done nothing. I want to try and make a change and maybe earn some side income. Or even maybe some part time work that I can do remotely. + +If anyone actually reads this (bless you if you do) and has suggestions, I’m all ears. + +A +It’s difficult to compare Premium Bonds with other savings accounts, because Premium Bonds don’t pay interest. Closer to a lottery, they pay out using a complex system of prizes and you probably won’t achieve the headline rate of 1.4%. + +To help with my own decision making, I wrote a short program to estimate the likely prizes, and I’ve published this as a website - [https://premiumbondsprizes.com](https://premiumbondsprizes.com) \- in case it’s of use to anyone else. There’s another well-known calculator published by MSE but it seems to me that it doesn’t present the results in a particularly useful way. + +I should caveat that my system makes an important simplifying assumption. In reality, if one of your £1 bonds wins a £25 prize in a month, then that slightly reduces the likelihood of your other bonds also winning a £25 prize in that same month. By ignoring this detail, my system estimates the probability of winning each possible prize for a given investment very quickly. This technique would not be suitable for calculating the chances of winning much larger prizes, but if you’re treating Premium Bonds as an investment rather than a lottery then you’re probably not interested in those larger prizes. + +So what have I found? + +**Unsurprisingly, Premium Bonds become a better investment the more you have to invest.** + +[£1,000 for a year](https://premiumbondsprizes.com#1000) and you probably won’t win anything at all - you need a little over [£1,400](https://premiumbondsprizes.com/#1416) to have more than a 50% chance of winning at least the minimum prize of £25 once a year. Increase your investment to [£6,000](https://premiumbondsprizes.com/#6000) and you still have a 5% chance of winning nothing over a year, but now the median prize (that is, the prize you’ll win “with average luck”) is £75 and each year you’d have around a 10% chance of winning £150 or more. + +**The more you invest, the more predictable your returns are.** + +Prizes are each a multiple of £25, and so the median interest rate doesn’t necessarily increase as you increase your investment: for example the median return at [£50,000](https://premiumbondsprizes.com/#50000) is 1.25%, the same as it was at £6,000. Instead we need to look at how predictable your winnings will be: if you are in the least lucky 10% of investors, say, then at £6,000 you’d earn at most 0.42% while at £50,000 it’s 0.95%. + +**Even at the maximum investment of £50,000, luck will play a big role.** + +This surprised me. Investing [£50,000](https://premiumbondsprizes.com/#50000), there’s still quite a range of possible returns: the unluckiest 10% of investors will earn at most £475 over a year, while the luckiest 10% get at least £850. So even if you invest a large amount, there isn't really a guarantee of getting a good return. You can invest more as a couple, or with accounts for children as well, and then range does close up a bit, and my calculator will estimate your returns up to [£200,000](https://premiumbondsprizes.com/#200000). +With several stories in the past weeks of Satoshi era bitcoin wallets showing signs of activity after years of lying dormant, I began to ponder what would happen if Satoshi's wallet were to become active? + + +From what I understand, this wallet which contains over 1 million bitcoin, is one of the largest, if not the largest, holders of bitcoin. So much so that if it were to show any signs of movement on the blockchain it would crash the bitcoin value altogether because it is assumed that these coins are burned and forever untouchable. + + +I don't know if that is a fact or just something that I read here in passing, but with so many dormant wallets becoming active again I was wondering what effects some of these satoshi era and silk road era whales would have on the market? +The trillion dollar question at the moment is: + +*Will the government step in to stop this?* + +----------------------------------- + +There is only one scenario where that would happen, because if they step in, there's no going back, democracy is dead, and they know that, so they'll only ever do it as a last resort. When the country will be destroyed if they don't. I repeat, **when the US is in legitimate danger, that's when the government will step in. Hedgies are doing it on purpose.** + +So that's what I think hedgies are trying to do. They're all in, there's no going back, and they're shifting the responsibility from themselves onto the government. + +If this carries on, then the entire global market will tank, (a la, the everything short) and the ramifications of that are far far worse than if America loses its democracy. Look at China and Russia, it's not ideal - but it can be done, people can survive without democracy. Besides, if democracy does go out the window, it won't matter to the hedgies because humans are plutocratic by nature. + +And that makes this incredibly serious, if we keep going in and in and in and in, then the stakes go higher and higher, and eventually the whole world is going to be at risk. + +**Now this might be construed as FUD**, but it's not, I'm simply trying to come up reason as to why hedgies are doing what they are. **I REPEAT, THIS IS NOT FUD** + +It doesn't change the fact that **ALL WE NEED TO DO IS BUY AND HOLD** because frankly, if the squeeze doesn't happen, the world is fucked anyway. So we are either going to win, or the world is fucked. There's no other way around it. Any sane person on the planet right now should have every penny they have in GME, because if they lose, their money will be worthless anyway. So it makes no difference. + +**That makes me hate hedgies more!** Because rather than lose, they're willing to put the longevity of our entire species at risk, which is beyond psychopathic in my opinion. It's completely insane. But that's what I think they're trying to do. + +They don't care about the world, they only care about themselves, and I assume they are trying to fuck the entire planet just so they can keep their money. + +**The floor is $50 million.** + +This isn't a joke anymore. This is real. + +*As an aside: you really need to consider how you will impact the world with your millions. Because you'll have them, along with a fuck ton of responsibility. It's upto us to shape the world into a better place after this.* +I see in this subreddit sometimes discussions on kids and the cost of having them. I've always been interested to read what others said, but I knew I wanted kids no matter what so I never felt like I would choose not to have them in favor of retiring earlier. + +Well last year I got pregnant, and now we have a child. Our child has Down Syndrome. + +One unexpected thing for me is that I think this will turn out to be the thing that gets me to FI even faster. My motivation is way higher now. I am motivated to keep buying rental properties. I am motivated to be strategic about my job and plan to start a business. Because I want to provide a life for my child that has every possible opportunity. I want passive income flowing so if something happens to my spouse or me, our child has income. Many people with special needs can't find a job even when they are willing and able to work. If my child wants to start a business, I am determined that I will back them. + +My motivation before was that it would be nice to not answer to anyone and be able to travel and do whatever I want. My motivation now is about a million times more intense. There is no question in my mind I will achieve my goals. +The ratio of BTC to ETH is low - hovering around the 0.03 mark. The ratio of ETH price to new wallets is also low by historic standards, and yet the new wallet numbers (in a rising market) are very healthy - see: https://imgur.com/6sMsACb + +Some of this discrepancy is down to the proliferation of new Altcoins, some of which have promised greater-than-Ethereum levels of performance. Despite some heavyweight shilling, however, none of these claims have held up - or at least, the trade volumes and transaction counts do not suggest that Ethereum is about to be toppled as the leading Blockchain OS anytime soon. + +And just look at ETH volume, and new wallets, and active wallets - all at or near all time highs. At some point between now and when ETH 2.0 releases the price will be hauled upwards by these metrics. And once the pre BTC halving rally gets underway - which should coincide with ETH 2.0 - the ETH price will *catapult* upwards if the current market optimism isn't priced in by then. + +In short, ETH is currently trading at a substantial discount, a result of three things: the lingering trauma of last year, the suspicion that one or more competitors might prove a better bet, and the uncertainty surrounding the upgrade to ETH 2.0. + +The trauma is already fading (faster than I thought possible), no other blockchain (except BTC) has anything like the numbers of Ethereum, much less the market liquidity, and all signs are that the system upgrade is on course. +I am officially declaring FIRE today. + +&#x200B; + +I had a major health issue (life changing - heart attack) two months ago and I am no longer willing to deal with the stress of Corporate America. + +&#x200B; + +I am targeting a 3.5% withdrawal rate. I am a bit nervous doing this, but it is better than dying on the job in a few years. + +**EDIT - THANKS for all the well wishes and especially everyone that took the time to tell me to GO FUCK MYSELF!!!!!!** + +Thanks! I appreciate it. + +Good luck to all of you! +Recently I made a very bad decision for a lot of money (that's why I ask here, few people would understand). + +A startup of a friend asked me to work for them under a contract and options, and it was very generous. I didn't like the project much and thought it would fold. But it was for a limited time. + +They sold the project in 10 months and people with a percentage in it cashed out. I calculated it, I would have made a staggering 500k. + +I have read a lot of stoic books. They didn't help. +A friend of mine has recently purchased (well, partially paid up front and partially leased) an expensive car, which I think was a very bad financial decision. He didn't even had enough money to complete the first payment to get the car, so he had to borrow some money from family and friends . I think this is super ridiculous. I mean, why would you ever buy something if you don't have the money for it? + +Aside from that, cars are not only expensive in purchasing, but also in maintenance. The reason of purchasing was because he had to drive a lot to his work, which made it even sound more ridiculous to me, since it damages the car everytime you go to work, consequently reducing the worth of the car and therefore your financial situation. He argues that he values the comfort and quality.... + +I know that everyone has different interests and hobbies, but I wanted to gain some insights from you guys about how you think of this. **Do you think it is worth to buy an expensive car (let's say a Mercedes-Benz, BMW or Audi) with just a few options? Or would you rather buy a less fancy car with full options?** +Article [here](https://www.huffingtonpost.ca/entry/housing-market-canada_ca_5eac2ed3c5b65156135c8434). + +But an economist at U.K.-based Capital Economics says Canada’s house prices are set to fall, and stay down “for years” because the country can expect a decline in immigration levels. + +“Demand for housing has become extremely reliant on immigration,” Stephen Brown wrote in a client note this week.  + +If immigration does fall, the housing market will be the hardest hit part of the economy, he said.  + +“Investors have based their (house or condo) purchases on the assumption that immigration will keep rents growing strongly. That will be a questionable assumption even if restrictions on travel are soon lifted.” + +Real-time data from rental listings sites suggests that Toronto rents have already fallen 3 to 5 per cent since the crisis began, which is “pretty big for a month,” Brown said. +It just feels so sudden but I've only recently realized how I need to be doing things like sports clubs or anything like that so I can have it written down as a reason to hire me and it feels kind of depressing. + +What can I do now that will help me the most in the future, i'm absolutely terrified of not finding any work and being stuck unable to find work or worse yet make other people pay for my inability to work in society. +I live in a rural area but surprisingly I barely know anyone, so what could I do to make my future better? + +EDIT: I play video games with friends but that can't be put on a CV so the title was an exaggeration. But I still have no idea what to do in the future or what will happen. So what can I do now that i'll end up thanking my self for later? + +Re-EDIT : Thanks for all of the wonderful advice + + +2 months ago, I finished saving up my travel fund for a total of $10,000. It's for my solo trip to Mongolia and Japan next year. + +However, I'm having a dilemma if I should hold that trip for a moment and invest this instead while waiting for the market to recover and pursue the trip again. One of my thoughts is that investing in this won't be a life-changing result in the short term and so using this is still an investment of my memories. + +Anyone had this situation before, what did you do? +I enjoy perusing this sub, it's a rollercoaster of gold nuggets of advice and insight, turds, raging about house prices (and the flipping between bears and bulls), ETF yakkety sax, and great chats. I am glad I entered the property market a while back! + +I like coming here, I feel folks are quite open, and I enjoy trying to give back and help people learn from my own successes and pitfalls in property and career. + +Thanks lads and lasses, I appreciate the discussion and content here. +Especially when taking into consideration the latest news coming out of China re: banning foreign exchanges and going after miners. Porting mining over to POS will bring about the great decoupling as Eth’s fortunes will truly no longer be beholden to miners using cheap Chinese electricity and the whims of the Chinese government. Big believer over here—bullish. +Some people made posts about T+69 today and that it would burst the hell out of GME, but. It didnt, and it wont happen. No offense to those guys but TA is not usefull with our beloved stock. It doesnt follow specific market rules like others, and even if it would burst 20% up today... so what? Im not selling, and neither should anyone. The only thing that matters is our end goals, and TA applied to this stock wont get me to that goal. + +The only thing that applies here is to DRS and wait. Thats all you have to do. Our armchairman is doing something that we all cant comprehend, and the only thing he needs is some good old purple circles posted by us. Im done with TA dd posted trying to spread hopium. It doesn't work, and it will never reach what we're trying to get here because those shitstains at shitadel will short it anyway untill Admiral Mayo is in jail and all the hedgies fkt. + +Thank you for listening to my speech about Technical analysises. If that is a word. Ape out. +So for context I was recently reading [this post](https://np.reddit.com/r/CryptoCurrency/comments/7xae98/understanding_tether_why_it_accounts_for_a/) and read [this response](https://np.reddit.com/r/ETHInsider/comments/7x8ekz/biweekly_rethinsider_discussion_february_13_2018/du7xh7p/) ***and it gave me this wonderful idea to achieve the flippening almost instantly and make ETH moon 10x in a matter of months (or less).*** + +&nbsp; + +Let me outline my method as follows; Warning though you're going to need a lot of friends to coordinate this *and* you're gonna need a lot of balls + some decent risk appetite + the need to stomach a *big* loss if I'm wrong: + +&nbsp; + +- **Step 1:** Buy some ETH + +- **Step 2:** Goto the MakerDAO and learn to use it to generate DAI from ETH. + +- **Step 3:** Serve up that ETH as collateral to issue DAI stablecoins. + - 1DAI = 1USD + - $1500 of ETH can be used to generate up to 500 Dai ($500) + - You are effectively borrowing $500 but locking up $1500 in a contract to do so; if the USD value of ETH no longer greater than 1.5x the USD value of DAI issued then part of the ETH you've locked up will automatically be sold off until the balance = 1.5x the value of DAI borrowed. + - To clarify if you locked 1 ETH at $1000/ETH into a maker DAO contract to generate and borrow 666 DAI ($666) and the price of ETH fell to $900 then you would automatically lose 0.0733 ETH = ((1000 / 1.5) - (900 / 1.5) / 900) + - **You could totally wuss out though** and lock 1 ETH at $1000/ETH into the maker DAO contract to generate only 250 DAI ($250) and then you would only start losing your ETH if it's price falls to $833/ETH (1200 / 1.5). + +- **Step 4:** Use that newly minted Dai to buy more ETH. + +- **Step 5** (optional if you have guts - **no risk, no reward! :)**): Use that ETH bought with Dai to open the biggest most leveraged margin long you can!!! I'm talking 100x ETH long on Bitmex if possible; you're buying as much ETH as your exchange will let you. + +- **Step 6:** Persuade as many people as you can to do the exact same thing you just did in steps 1 to 5! + +&nbsp; + +- Lets say you're now 100x long on ETH via Bitmex, using the full 666 DAI purchased with $1000 worth of ETH: Thats a $66,000 ETH purchase fueled by just $1000. Talk about moving the market! + +- Get 1000 people to do the same thing at the same time; $66 million buy order on ETH! Using the 14-02-2018 24h daily trading volume of $2665 milion **that could trigger a 2.5% a sudden increase in daily trading volume!** + +- Best of all because you're using fully transparent credit! That DAI stablecoin is fully publicly auditable and transparent unlike that pesky tether token! No more guilt about illegal market manipulation or lack of audits now baby; we're fully legal and compliant with all the regulations! After all that DAI's still legal right and as soon as the price of ETH goes up (fueled by arbitrage and fomo catalysed by you and your buddies) you can reclaim the principle + fees to recover your collateral, burn the DAI, close your longs and lose all personal risk knowing you just catalyzed a mass FOMO event with eerie resonances akin to the one Bitcoin had 3 months ago... + +- **Remember you can do it!!!** Lets just [come together](https://www.youtube.com/watch?v=uSM5MpKSnqE) people! + +&nbsp; + +**Congratulations!!! You're just like the guys at Bitfinex but you didn't need to run an exchange, be a whale or print your own token to do this; like true millenials all the hard work was done; even this stupid article telling you what to do! Now just get a few (thousand) mates together and get started the modern day LAN party of FOMO fueler lambo whale/minnow catalytic converter trading party to Konami code your way to instant wealth and fuel that never ending bitchin bubble that's crypto!!! LETS GET RICH PEOPLE** + +&nbsp; + +**Disclaimer: This post is strictly parody.** The suggested method will probably fail spectacularly and leave you with substantial debts, financial losses and misery. Any references to Bitfinex MakerDAO or any other company referenced in this article including all other content are purely for the purposes of parody; no factual claims have been made, no opinions, assertions or statements made in this article should be taken seriously or as meaningful trading/investing advice. I am not a qualified financial analyst or consultant; you make your own trading and investing decisions at your own risk and take full responsibility. Any strategy outlined in this article should be taken as foolhardy and risky. Do your own research. I am long Ethereum (ETH), Particl (PART), OmiseGo (OMG), Augur (REP), Iconomi (ICN), WeTrust (TRST) and Factom (FCT). + +&nbsp; + +**Further reading:** + +- [The intelligent investors guide to Cryptocurrency](https://np.reddit.com/r/Particl/comments/696t2q/the_intelligent_investors_guide_to_cryptocurrency/) + +- [The intelligent investors guide to Particl](https://np.reddit.com/r/Particl/comments/7d7tpm/the_intelligent_investors_guide_to_particl_an/) +I'm currently looking for new housing. I'm in San Francisco, so yes, these prices will be crazy to other people not in VHCOL situations. + +Right now, I'm in a small studio apartment where I pay about $2700/month. There are nicer and larger apartments that cost between $3500-$4000 that meet most, but not all, of my criteria. + +I just saw the perfect apartment for about $1.15M, and I'm tempted to buy it. However, it would do some damage to my financial situation. Right now, my NW is between $950K and $1.05M depending on my employer's stock. I'm incredibly optimistic about my employers stock and I am incredibly hesitant to sell. + +Not only would I have to sell 10-20% for the down payment, but I'd also have to pay 25-50% more money per month than I would if I was renting. + +I'm 27 and I live by myself, so this apartment is just for me. + +I know that nothing is guaranteed in equities, but I'm rather confident that the $200K in stock I'd have to sell to cover the down payment will be large enough to pay for the apartment itself in 5-10 years. The stock has done incredibly well the past five years and I know it has a lot of more room to grow. + +So I guess I'm just looking for some advice to talk me off the ledge. I know that the smart idea is to go for a rented place and not buy the apartment. Does anyone have any thoughts? + +&#x200B; + +EDIT: Thank you all for the advice! I decided to go with a very nice 1 bedroom/ 1 living-room place with 1200 sq ft for $4000 per month with parking. It has a GG view, but not a great one. Washer/Dryer in building but I do have a dishwasher and disposal!, Overall I'm happy with the place and I'm excited to start this new stage of my life, especially now that I can get a car! +My cost basis for Spy is $460 but I've been selling covered calls WAY below my cost basis since March of this year. I've collected about $4k in CCs so far. Why shouldn't I sell CC below my cost basis since we in bear 🧸 market? +Tired of only going to the moon? Come to Mars instead! SpaceX's aspirational goal has been to land the first humans on Mars by 2024, but don’t wait until then. Let us take you there right now! + +Here at SMEGM, we are a 100% community driven project that is taking testicular cancer research to the moon and beyond! Our goal at SMEGM is to once and for all END testicular cancer! How we achieve this is quite simple, for every $5 Million in market cap raised, we donate money to testicular cancer research organizations! Our tokenomics are revolutionary: + +\- 7% Auto-staking via 7% tax from every transaction. This means that for every transaction made, 7% of that transaction gets redistributed among investors. You earn more money just for holding coins! + +\- 1% Burn tax - This means that for every transaction 1% of that transaction, those coins get burned forever meaning your coins once again become more valuable as this acts an auto deflationary measure! + +\- 1% Maximum transaction size - This unique anti-whale feature prevents any transaction from being larger than 1% of total coins available. This prevents individuals from doing large dumps and causing increase in volatility. + +OUR JOURNEY THUSFAR: + +\- Initial launch at $3000 USD market cap (no pre-sale) + +\- Over 1000 investors within 24 hours + +\- Within three days reached $15 million market cap + +\- Currently over 6000 investors + +\- TikTok partnerships with u/LondonLaz and u/JabagelMan + +Website: https://www.smegmars.space/ + +BRAND NEW WEBSITE AND WHITEPAPER V2 COMING VERY SOON. + +Contract: 0x62c2a6f57a65e1e4b1d9e31b3e3511c8c36841a8 +TA/DR: The Fed is saying, buckle up, for lots of reasons, which you can read for yourself, or take my word for it with this post, which is a TA/DR of the report. + +(Easter egg/cheat code: Find Page 18 of said report) + +First things first: here's the entire report published by The Fed Board of Governors today, that Marketwatch did everyone the favor of telling the world that Meme Stocks, driven higher, by retail echo chambers, are a threat to financial stability... but it was not quite saying THAT... + +I'd encourage you to read the whole thing, especially the section on leverage in the financial sector. + +[https://www.federalreserve.gov/publications/files/financial-stability-report-20211108.pdf](https://www.federalreserve.gov/publications/files/financial-stability-report-20211108.pdf) + +# 1. wut report mean and wut say (not necessarily in that order): + +The report highlights four major vulnerabilities/risks to financial stability right now. They are: a) asset valuations, b) borrowing by businesses and households, c) leverage in the financial sector and d) funding risk. + +Because this is SuperStonk and we like the stonk of GME up in here, I'm going to focus on the GME specific stuff that MarketWatch leapt on. + +But rest assured, all of these risks are real, according to The Fed anyway, with item a) asset valuations being where they bring up GME specifically. + +The report's content pertaining to GME starts with a broad, vanilla statement on Pg 18. + +"Retail investors and social media have been highlighted as key factors in episodes of “meme” stock volatility in equity markets in the first half of 2021. Longer-run changes in demographics, regulations, and technology as well as behavioral factors that could interact with these structural changes may have influenced recent trends in the demand for and supply of retail trading opportunities in equity markets.1 **To date, the broad financial stability implications of these developments have been limited, with bursts of retail-led trading volatility that have rapidly subsided.** Still, the evolution of the effects of these changes warrants continued monitoring." + +Tell me that apes aren't actually a risk without telling me apes aren't actually a risk. + +Here's an interesting graph that they put up next: + +&#x200B; + +[Interesting chart, by which broker it omits.... I'll give you a hint it starts with an F and it rhymes with \\"Whydelity...\\" ](https://preview.redd.it/ianx4743dgy71.png?width=1204&format=png&auto=webp&s=b1ada4e5c70b1088840966119c6f97b3f7c85a50) + +Per month, Shitadel and Virtu are paying about 1/3 to 1/5 of a billy per month for order flow info. They still are paying RH a lot and TD, through June, is another big beneficiary selling your info to those Broker-Dealer/HFT firms. + +The fact that Fidelity is not on this list should tell every ape something... either Fidelity for some reason doesn't have to report this info to the SEC, or, they have nothing to report (because they don't want Shitadel trading against their clients.) + +And in case there's any question about who's paying to front-run retail, here's another pretty picture: + +&#x200B; + +[Hm. It's almost as if some companies are getting information from brokers and then making leveraged bets against those brokers' clients trades before they're executed...](https://preview.redd.it/51si7taifgy71.png?width=1200&format=png&auto=webp&s=6a0761af15d1277a6ed9cbc536ec49d214a29079) + +Now come a few of my favorite pictures from the Fed's report, because these are what I might consider "chart mind-tricks." Why mind-tricks? Because the chart is meant to sway the person gazing upon it to think one thing, even though the chart itself is actually saying something different. + +In this case, the statement says that social media mentions drive the price of GME and Poopcorn stock... that their correlation and these mentions are acting as catalysts for price escalation... but... do the charts really show this? + +&#x200B; + +[Hmmm... Wut mean? Wen Figure D daily scale not really clear, and end on Feb 28? And wut mean wen Figure E end on March 30? ... Hm. Wen today? Nov 8? ](https://preview.redd.it/f0ock1kehgy71.png?width=1208&format=png&auto=webp&s=459d8306ea9535460dafe347904b0baac1f7d41e) + + All of this "data" is then summed up very nicely by saying this (bold emphasized by yours truly): + +"To date, the broad financial stability implications of changes in retail equity investor characteristics and behaviors have been limited, as recent episodes of meme stock volatility did not leave a lasting imprint on broader markets. However, a few areas should be monitored. + +First, younger stock investors tend to have more leveraged household balance sheets. The median leverage ratios of younger retail investors are more than double those of all investors, leaving these investors potentially more vulnerable to large swings in stock prices, as they have a larger debt service burden. Moreover, this vulnerability is amplified, as investors are now increasingly using options, which can often boost leverage and amplify losses. + +Second, episodes of heightened risk appetite may continue to evolve with the interaction between social media and retail investors and may be difficult to predict. ***A potentially destabilizing outcome could emerge if elevated risk appetite among retail investors retreats rapidly to more moderate levels*****.** + +Third, the **risk-management systems of the relevant financial institutions may not be calibrated for the increased volatility or financial losses that could result from the trends highlighted here.** More frequent episodes of higher volatility may require further steps to ensure the resilience of the financial system." + +HO + +LEE + +SHIT(ADEL) + +I bolded those parts because they got me curious. VERY CURIOUS. Because essentially, they're saying DRS poses a risk to the system without saying that it is. How are they saying that without saying that? Well, if apes DRS that implies that people's risk appetite is retreating. Rapidly. To a more moderate level for sure. Think about it. Why bet your shares, or bet on price, over and over and over again? Why use leverage? The way to the moon has been paved and DRS is the way. The Fed is saying that system stability is at risk if the risk appetite among retail does not remain elevated. + +Have you seen the volumes over the last 5 months???? + +Kind of a trippy thing to think about. Because the very next thing they highlight is that risk-management systems are NOT calibrated for that heightened volatility that comes with elevated risk appetite. + +To summarize, I don't think the Fed Board of Governors wants to publish specifics about the risks posed by GME because if they get into to it too much, it raises questions about how it could even be possible. I think it's clear that they see these risks through an oddly framed "blame it on retail" sort of skew, and of course MarketWatch jumped all over that. + +# 2. DRS DRS DRS and BUCKLE UP + +Whether it's been the increased FUD activity, the seeming price compression spring that looks ready to explode, or pop up from the MOAW, it is one thing that is truly looking like its effect is undeniable... + +DRS. + +The fact that the Board of Governors of the Fed would even feel the need to mention GME in its financial stability report AND say that lowered risk appetite and LOWER VOLATILITY is in itself a risk has me bullish AF. Maybe you think that's normal, but when the Fed starts talking about one stock with a 17 Billy Market Cap as a stability risk, you gotta wonder... + +JUST HOW MUCH RISK ARE THEY HOLDING ONTO OUT THERE? + +DRS!!!!! + +LFG!!!!!! +I haven't been able to find guidance on this except for this article which eluded to what I'm concerned about. As a RE investor, I'd like to know. + + "For example, if you’re selling your primary residence at a profit that’s less than $250,000 if you’re single (or $500,000 if you’re married), it’s exempt from capital gains tax. But if you’re selling it for more, then you’ll need to pay a capital gains tax on the excess proceeds. So, if your price reduction reduces your proceeds so that they fall below that exclusion threshold, the IRS will red flag the transaction as an attempt to sidestep the capital gains tax." + +&#x200B; + +[https://www.homelight.com/blog/can-i-sell-my-house-to-a-family-member/](https://www.homelight.com/blog/can-i-sell-my-house-to-a-family-member/) +I’m far from doing this but before I begin a new venture I like to plan things out. Would an LLC be a good idea from a liability protection standpoint or does it not matter? +Hey guys, just wanted to share how this week went for me. + +I got into trading and now mostly daytrading as more of a hobby. Put about 600€ in my account (Which is play money, i don‘t need it) and after reviewing some info about the S&P500 decided to go short after the alltimehigh it hit a few days ago. Made a few bucks of that, which made me happy and got out, as i expected it to go back up. Went long, and at the end of the day got 68€ out of it, which is my first good gain, being over 10% of my investment in a day! I know it‘s peanuts but i am gonna trade for at least a few years before i put big money in it. My family and friends dont really understand but i know you guys will. + +I know that this was luck and that we are in a crazy market right now, but i am still super excited about my first good gain. + +Thanks to the awesome people in this community who always share and debate about what good moves could be and how to help complete newbies like me. Really love this community! + +See yall on market open this monday :) +This is it for any doubters out there. For all the anti ripple people. The sec is using ripple to come after crypto. They literally told the court that the ripple case will cause so much damage to them they will not be able to enforce cases. Just remember the sec never gave Eth and btc clearance. They were only opinions from Jay Clayton and Bill Hinman. They will come after miners, vitalik....everyone. +https://www.yahoo.com/news/amazons-highly-paid-tech-workers-225300345.html + +Some Amazon tech workers say they are ashamed of the working conditions of the company's warehouse workers. + +The tech workers are openly sharing words of encouragement to those warehouse employees, who are planning on a short strike during Amazon Prime Day. + +The striking workers want better pay, more reasonable work expectations, and better chances for advancement. + +Amazon says it already provides all of this to them. + +However, warehouse workers tell a different side of the story: They talk about the constant pressure to perform and how the company's automated systems track them, and can even automatically target them to get fired. +So many apes weren't able to feel the validation of being able to vote and now they can finally feel like a valid team member. + +Remember the feeling when you voted? Now they feel it too, enjoy it with them! + +Apes don't fight apes, sure there might be a bit of noise but it's good to see that eToro are literally changing their policies to accommodate us apes! + +We'll all be walking on the moon soon enough, enjoy these moments before the stress and anxiety of the squeeze sets in! + +🚀🚀🚀🚀💎🤲 +Or any similar large hospital group? + +[https://www.palmbeachpost.com/story/business/2020/02/03/university-of-miami-opening-concierge-medical-office-on-palm-beach/112270360/](https://www.palmbeachpost.com/story/business/2020/02/03/university-of-miami-opening-concierge-medical-office-on-palm-beach/112270360/) + +&#x200B; + +[https://umiamihealth.org/en/treatments-and-services/uhealth-premier/concierge-medicine](https://umiamihealth.org/en/treatments-and-services/uhealth-premier/concierge-medicine) + +&#x200B; + +[https://www.mayoclinic.org/departments-centers/mayo-clinic-medallion/sections/overview/ovc-20462968](https://www.mayoclinic.org/departments-centers/mayo-clinic-medallion/sections/overview/ovc-20462968) + +&#x200B; + +[https://my.clevelandclinic.org/florida/departments/concierge-medicine](https://my.clevelandclinic.org/florida/departments/concierge-medicine) + +&#x200B; + +[https://stanfordhealthcare.org/medical-clinics/concierge-medicine.html](https://stanfordhealthcare.org/medical-clinics/concierge-medicine.html) +I’m under contract on a distressed home in the Florida keys. It is in a highly desirable area and I got what I believe is a very reasonable price. The home needs one of everything. Roof,paint, remodel, windows…. Everything. My wife and I have been looking for 24 years. We have just now made it under contract after probably 6 very serious tries. + +To get the property I had to waive nearly all contingencies and place 100k in escrow. We are scheduled to close the 28th on this month. + +This weekend the title search showed an easement on the property we were in aware of. The easement gives virtually all rights to a storage building, 15’x10’ in the back yard. As space in this area is very difficult that 150 sqft easement is a significant part of the property. The building is very desirable because it could be used as a pool house or tiny house. It also effects the amount of ground coverage one can have on the property for water conservation. + +The building was pitched in the listing as a feature. It is now known based on the easement effectively belongs to the neighbor. + +I have pushed for a price concession and the seller, which is an estate, has basically said …. No. + +The easement was palces less than 6 months ago by the owner and neighbor. The owner dies 45 days later. + +How do I get the price concession or deal with the easement? Do I have any rights ? +Hello + +So I know there's alot of posts about how to split bills fairly as couple but this is a slightly unusual situation. + +My partner owns his home and pays a mortgage on it. He's asked me to move in, and we're going to discuss the money specifics in a couple of weeks, before I move in as we're looking at October/November for that. + +However the unusual bit is he works away during the week so is only usually in the house Fri afternoon to Sunday night sometimes a day mid week depending on the schedule. So bills will go up a fair amount with me being there 7 days a week an working from home 2/3 days a week etc. + +We want to discuss this and make sure it's fair and we're both happy with the amount. So I guess I'm looking for suggestions on what could be fair ways to split the bills etc. As the usual suggestion of percentage of income suggestions feel (to me) unfair to him in this situation. + +Anyone been in a similar situation or have any pearls of wisdom? + +EDIT: thanks for some insights especially those who have been in a similar situation it gives food for thought. + +Those saying you can't believe that this is a question, I'm so sorry that me and my partner have had different life experiences to you, that make this a viable question to us. I came asking for ideas not judgement on the question. + +I don't think I need more input I came here for some ideas /suggestions ideally from those who have been in a similar situation. So when we talk we have a variety of options, more than what we may think of by ourselves. Which I now have. And most of your are just repeating what's already been put anyway. + +EDIT 2 +I won't be looking at any responses anymore this got alot more attention than I expected. I thought a handful of people who'd been in similar situations would come forward with how they handled it. Overall some comments were useful, others were more judgy than anything. +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 +Not sure if this is the right place to post this. But this is something I’ve been thinking about often. + +I’m only 25(F) and just got my first official job recently. I come from central Asian background but live in Europe now. My mom has given up all her savings for my education and expenses while I was studying during my Bachelor and Master. Of course I’m nothing but grateful and thankful for everything that she has done. I would love to pay it all back one day too. But because we come from a Asian background it’s normal that we take care of our retired parents. Just like my mom is taking care of her widowed mother. I’m not exactly sure how to do it . Should she live with me and my partner (28F) in the future or should I get her a separate apartment ( and pay all the necessary expenses ) that she can live in? Not sure if anyone had a similar experience and know how to deal with this form a financial point of view ? I want what’s best for her. + +Edit : my mom and I have a great relationship, therefore, it is not an issue. That being said , I have no problem being her retirement plan , it’s something I actually want. I want to make sure she has the best life and I don’t mind paying for it. So for those that think it’s a burden , it definitely is not for me! She is an absolute angel and knowing her as well as I do , we won’t have any problems living together. + +I’d like to thank everyone for all the helpful and useful recommendations and comments. +I have been working as a software engineer for the past year now. I make 90k a year, which I am content with considering I have next to no experience. +I have been saving up money (i have around 35k in the bank right now). I have no loans, no car/mortgage payments or anything. +I have never been a prodigal spender, Most of my spending is buying an expensive laptop every couple of years and treating myself to some high end food here and there. I am careful to always have a good amount in my savings account. +I have been lurking on these subreddits (r/finiancialindependence, r/wallstreetbets) for the past couple of months now, reading how sensible people spend and save their money so that I can comfortably retire and buy a hellcat (yes that is my biggest dream). +Last week one of my friends got into a bike accident, spent a couple of days on the ventilator and died eventually. I know for a fact that he was a an extremely careful driver and refuse to believe that it could have been his fault. +This has messed up my mindset so really bad right now, like is it really worth pushing your wishes down a few years so that it is a better option financially? What is the extent to which a person should be careful while spending so that his financial condition > that thing he really wanted. +I don't know if this question would be allowed, but I don't know where else to ask this. + + +Edit: I typed this post at night when the thoughts of what direction one should go on in life were getting overwhelming. I had no idea this would get this much traction.. Thankyou so much everyone who took the time to reply and share their thoughts/experiences. It really means a lot to read what people have went through and how they coped with it ( or are still coping with it). + +Just a couple of things I wanted to clarify. I am 25 and a very simple guy. There was a time in my life I was in one of the most poorest countries in the world and I was making less than 600$ a month. I belonged to an upper middle class family(and cant really complain about anything as life was relatively good to me). At the time, a Honda Civic was a luxury car for me. That is when I used to absolutely love a hellcat, or muscle cars in general. So It was at the time the biggest thing I could dream off to buy by working hard, so that is why I mentioned that. + +Also I am really new to the whole FIRE and investment world. So will be careful in wsb, you guys are scaring me. + + +Final Edit: I hope everyone who replied or faced anything similar finds the courage to power through it. It was really touching to know that there are other people who have faced similar thoughts in similar phases of their life. + +Side note: This post was never about me wanting to buy a hellcat right now( Although I will get it before than i previously thought). It was a broader question on how most of the people perceive life in this regard. And every single comment educated me on that, so Thank you. + +Also quite a few people asked how to get into Software engineering. So just for the sake of giving something back I'll give sort of a primer. 1) Learn about SDLC 2) Learn C++ (this language is a personal opinion). Learn it as thoroughly as you can, make a couple of projects for the sake of learning. 3) Learn OOP thoroughly. 4) Find what you love in the field (Machine learning, Web dev etc. And stick to it). 5) UPLOAD EVERYTHING YOU CODE ON GITHUB, this is the second most important thing in landing a job(after your skills). + +If anyone has any other questions regarding this, feel free to DM, i would love to help. +Ok so i'm down to talk about any coins y'all want, but i'm going to focus on BTC & ETH for this **DD**. + +BTC's current strongest line of *support* is about **60300**. This line was not broken. If broken, *new* strongest line of *support* is **53k**. + +Eth's current strongest line line of *support* is about **4300**. This WAS broken. New strongest line of *support* is **3970**. + +Today we have now had four big red candles on the hourly & of those four, TWO were LARGE for the relative recent past. And in my experience I have only ever seen 2-3 LARGE red candles (**whale market orders**) during a dip before we usually continue sideways, continue up, or run up before continuing going back down. + +This is my current prediction… but this is actually super **bullish**. This dip was crucial to continue the run, on crypto quant we are in the **beginning** **stages** of ETH genesis wallets starting to sell rather than accumulate. So to put that into perspective to last year, genesis wallets started to sell at 17k-23k then stopped after the peak dip 5 months later from 64k-51k, then started to accumulate all summer again. The eth genesis wallets are important because most of these wallets are owned by veterans in the crypto space who saw the importance of ETH before anyone else and now there bags are huge with the biggest positions in most all mainstream cryptos. So **tracking** these wallets is the smartest way follow the general market. + +My own bull case for crypto or (BTC) going to 100k+ by EOY was and has been *unrealistic* imo. But now, after this dip and finally starting to see genesis wallets sell. If we continue up, as i think we will, this next part of the run is usually followed by very steep upwards price movements **directly after the first wave of genesis wallets** start taking profits. + +Thus, overall, as a quick DD, if we stay above the current strongest support line of 60300 for BTC and not break 4000 for ETH, then I will be FAR more bullish on this run than I was 3 weeks ago. And if this does play out, then the **parabolic** part of the bull-run is confirmed imo. PLUS Biden signed the new 1 trillion dollar **infrastructure** bill today... very bullish. + +The only thing I see bringing us further down from these new recent lows are either unexpected global/national news, new negative global/national stock market FUD, or complete FUD targeting strictly crypto , but most **realistically** I think it will be from the fed announcing an **acceleration** in the f**ed taper plan**. Of which I don't see happening till March 2022. + +**Current positions**: Long on everything (no bearish positions currently) (have only taken profit on 10-15% of my bag over the past 10 weeks. + +**Current Trade Positions**: Limit long on **BTC** at 60375 (no-hit), Limit long on **ETH** at 4344 (Hit)(Active), Limit long on **EOS** at 4.5 (Hit)(Active), Limit long on **Atom** at 29.2 (Hit)(Active), Limit long on **LTC** at 225 (no-hit), Limit long on **AVAX** at 80 (no-hit), Limit long on **DOT** at 39 (no-hit), Limit long on **Matic** at 1.5 (no-hit), Limit long on WOO at 1.49 (no-hit). There are others that I see as good trading positions - relative to coin price but, I don't have any limit orders on them. And my current swing trade positions (no leverage) that I think are good value are 1inch, sushi, SKL, MIR, and Link. + +Edit: ALL my Limit longs hit and i’m riding them on 8-14x leverage each hahah +I'm thinking about going through a financial planner pretty soon and was just hoping to get an idea of what process they would take with me and what bases they would cover! Curious if any people have an experience they can share with 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! + +I work in marketing, and it's interesting to look behind the curtains of how most media works. Unlike a lot of people may think... the media doesn't give a damn about your well being, OR keeping you accurately informed. They care about ONLY one thing... + +Selling ads. How do they do that? It's very very simple. Really it's only a matter of... + +Getting your attention (by any means possible) ---> getting your click --> getting revenue from the ads they display. + +The way almost all of the media works is to jack up the fight or flight part of your brain, primarily through fear. + +Don't believe most of the bullshit you may see on traditional media outlets. A staggering amount of it (not all of it, mind you) is sensationalized to the max.... carefully crafted to push all your buttons, make you freaked out, and ultimately line their pockets. + +This could be extended even further to social media (yes, reddit is included), where your friends and family aren't getting paid from getting your attention, but they do get something called "social capital." + +In other words, they want your approval, your likes, and want to seem intelligent and "right." Look at all the people posting links to the garbage that sites like CNBC is posting. They're hoping they get upvoted, maybe gilded, and hope that you like them more for informing them. + +EDIT: the reason I'm even posting this at all (in case you haven't seen the news lately), is that many news outlets are reporting that Korea is banning crypto, which has been disproven by people in the know. The reality is that the government is simply doing their due diligence, and putting practical regulations in place. +My partner does not have a lot of knowledge/experience about managing finances, and any time I mention loans or investments she thinks it is extremely risky and basically like gambling. She is even opposed to index funds and mortgages. + +How can I explain to her that debt isn't always a bad thing, and that careful investments are actually **safer** than keeping money under your mattress? +As the titles reads, I want to have a discussion on the 5 stocks or so to hold for life. If you have less than 5 I want to hear them and if you have more than 5 I would like to hear that too. I understand everyone has their usual Apple, Microsoft, and Google stocks they plan to hold onto for the rest of their life and I understand that. While I want to hear those picks, I am interested in some not so usual ones too. Stocks outside of the consensus picks. Thank you in advance! +I started writing this post to try and get my thoughts out, and also guide some of the newer members of the sub. Instead I went back through old posts and just pondered on how the sub had changed since it started. + +First lets teleport back to 9 years ago, the world is falling apart due to the Arab spring, but Osama’s dead, the London Olympics is around the corner and the UK and US are looking like they are recovering, curiosity rover landed on mars. Around 1000 subscribers on the financialindependence sub: + +The financial crisis is still ringing in the back of your head, you knew people who seemed well off who lost their jobs and houses, the job market has been shit for a while. My parents sold all their shares in 2008/2009 and had three 0% down repayment mortgages for example (it was common knowledge in 2006 that it was a guaranteed way to be rich, reminds me of tesla/bitcoin). However, green shoots have been spreading for a while, 2010 wasn’t too bad really, 2011 is going great. The market is still two thirds below 2008 levels. + +You most probably read earlyretirementextreme or thesimpledollar, you most probably had read your money or your life, the millionaire next door or a random walk down wall street. You might have somehow found the bogleheads forum and got linked  through to reddit. I personally couldn’t find any of these resources and was looking at Peter Lynch, Warren Buffet, Forex trading, buying houses etc. + +So what are the main beliefs and thoughts? The main themes on the subreddit is sustainability, frugalness, being happier with less. I really think that’s a reflection of the time and points in a good way to survivorship bias. The best examples of people who had stayed the course were frugal and lived below their means, they had diversified assets. Index funds werent anywhere near as popular then either so it was much harder to not lose everything in the GFC, but some people were on the index fund train and were comfortable enough to power through. The only real way people could have done that is cut expenses and live within your means. + +Heres some example posts. Note all the comments are about living happily with less. + +[https://www.reddit.com/r/financialindependence/comments/nlnlb/celebrating\_1000\_subscribers\_to\_rfi\_whats\_unique/](https://www.reddit.com/r/financialindependence/comments/nlnlb/celebrating_1000_subscribers_to_rfi_whats_unique/) + +[https://www.reddit.com/r/financialindependence/comments/md1tv/rfi\_what\_are\_the\_most\_extremely\_awesome\_changes/](https://www.reddit.com/r/financialindependence/comments/md1tv/rfi_what_are_the_most_extremely_awesome_changes/) + +Zoom forward a couple of years to joining at the start of 2015, the world isnt really falling apart yet until next year (BoJo and Trump arent taken seriously), uptown funk hit number 1, Game of Thrones anyone? I think this sub hit 100,000 subscribers around then: + +The stock market is on an absolute tear, its finally surpassed its 2008 highs in 2014. The mood everywhere is pretty good, house prices have done very well in cities and recovered in most suburbs. The common person has started feeling ok about stocks again but has no idea what an index fund is, stocks are still considered pretty dangerous if you speak to your uncle. I distinctly remember reading lots of articles (maybe slightly earlier) that Amazon was a bad investment as it didn’t make profit, dividend paying stocks like utilities, oil and tobacco were the game of the day. I personally had made some disastrous plays into renewable energy stocks around 2014/15 as I was trying to be sustainable. + +You definitely read mrmoneymustache, probably religiously. You probably post here and read some of the other various blogs in the side bar (frugalwoods, jlcollions, getrichslowly etc.). You may have found the sub through some kooky articles on CNBC or the BBC. The book selections havent really changed much at all. + +Main conversation points? Frugality is still the name of the day. Living a happy and sustainable life. Riding bicycles everywhere and doing your own repairs. 4% rule is king. Some dissenting opinions are brewing about how incredulous it is to retire on $600,000, but the conversation is very polite. The veterans' portfolios are really starting to bear fruit and gain notoriety after investing through the downturn (or at least not selling and cutting down expenses). + +I really enjoyed reading some of the top posts from this year. + +/[u/rootofgoodblog](https://www.reddit.com/user/rootofgoodblog/) ‘s retirement announcement. Some disagreement about whether $32,000 was enough (spoiler, it was, maybe even too much so far) [https://www.reddit.com/r/financialindependence/comments/1pq2dn/retired\_at\_33\_with\_32000yr\_retirement\_budget\_me/](https://www.reddit.com/r/financialindependence/comments/1pq2dn/retired_at_33_with_32000yr_retirement_budget_me/) + +[https://www.reddit.com/r/financialindependence/comments/1ob1uu/how\_much\_money\_do\_you\_need\_to\_achieve\_financial/](https://www.reddit.com/r/financialindependence/comments/1ob1uu/how_much_money_do_you_need_to_achieve_financial/) The first name I clicked on here was /u/zikoris, who still seems active and preaching the frugal life, way to go. + +Zoom forward to the present day. >800,000k subscribers, the world is falling apart again, WAP was number one for some reason: + +10 plus years of constant returns, a flash crash near the start of the year scared the shit out of everyone for all of a month.  You probably know people not working now, but you’ve kept your job and also have saved extra this year. Your mate might even be sitting pretty on 5 bitcoins and some tesla stock. Instead of instilling fear the crash has instilled confidence. Every man and his dog has some ETF ‘Index’ funds. Turns out renewables and Amazon were the right call, go figure. Still, I have more money than the people at work bragging about bitcoin, not that I tell them. If I’d invested in index funds in 2011, not 2014/5, rather than a house, individual shares etc. I’d be richer. If I’d not invested in a second property after that I’d be a lot less stressed at the least. + +More than likely you found the site through somebody linking through to the sub, it might have even popped up on your feed. Theres a plethora of blogs and youtube channels, you might listen to choosefi, but just as likely other investing podcasts. The dinosaur blogger portfolios have hit unimaginable heights. Mostly they seem pretty bored of blogging now and rarely post. You probably work in software, you really might just be browsing around and shaking your head at the incredible wealth, you might equally have come and cannot fathom why people think 10% returns are good, you might equally also think 4% of your portfolio sounds risky. + +Conversation points now? Money is king. Lots more people that have stayed the course. It’s very common to be told that your portfolio isnt enough, its also pretty common to have to defend some luck you’ve had. A lot of portfolios are bitcoin and meme stocks, but still really the minority on this sub. I personally hide out in leanfire in my safe space. + +[https://www.reddit.com/r/financialindependence/comments/c2fotn/unpopular\_opinion\_thread/](https://www.reddit.com/r/financialindependence/comments/c2fotn/unpopular_opinion_thread/) One of the most popular posts last year. Probably skewed by hitting the front page + +[https://www.reddit.com/r/financialindependence/comments/djpwll/unpopular\_opinion\_1m\_isnt\_a\_lot\_of\_money\_anymore/](https://www.reddit.com/r/financialindependence/comments/djpwll/unpopular_opinion_1m_isnt_a_lot_of_money_anymore/) By my reckoning that was about $870k in 2011. I’d like to think people were arguing about shiller cape ratios, but not really. The estimates of FIRE have definitely ballooned. + +Now what’s my point? My original thinking was to write this for my own benefit. But also just show people it’s important to run their own race and be nice to each other, but to also think in terms of decades rather than thinking in the present. It took 6 years for the stock market to recover in 2008, this time it took 6 months. So much happens, so many plans seem incredulous but work out, some people get lucky, some people don’t. The people that have stayed the course are more than likely frugal, more than likely good at sticking to an achievable plan, and more than likely good at tracking things so they can adjust quickly. However some people stayed rich from the 2000’s housing boom the same way some people will stay rich from bitcoin and the 1990s tech stock boom. This fact is not my problem, I have a plan and I’m sticking to it. I had to message my dad regularly in March not to sell, although thankfully this time he had a competent financial advisor that he actually listened to rather than his son. + +Where will you be in 9 years? It’s good to think about that. + + +Edit: you can search yourself with https://search.pushshift.io/reddit/ +[**Here**](https://imgur.com/gallery/Qdk1HYT) is a very digestible format, you may find this quite interesting. + +Each image has a page number that corresponds directly with the Florida litigation that it was transcribed from, so your next step is to check out the source material to see if this is the real deal or not. + +--- + +**Source:** [Raw PDF Florida Litigation](https://pdfhost.io/v/YPAly8dSy_Microsoft_Word_20210812_Corrected_Antitrust_First_Amended_Complaint_Revised) + +- Note: At the top of each image in this post, there is a page number that corresponds to the litigation page number from which it was transcribed + +--- + +Also of Note: + +[From The SEC GameStop Report](https://i.imgur.com/HiLAnBR.png), The NSCC officially stated that all PFOF brokers had their premium components waived because according to the NSCC, it was not the brokers' fault a stock was popular. +>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 +When I was 18 someone stole all my CDs. I had quite a collection. + +Seeing the hype around the Wu-Tang album has cemented a picture in my mind of a company who could change the artistic IP world for the better, and in the process become the most valuable company on Earth. + +Imagine if every movie, video game, and album had a limited production quantity. Video game console creators historically have done the best job keeping pirates from flooding the market with counterfeits. Movie and music producers have been far less successful, and the problem has devastated the industries. + +I wrote some IP once, a utility patent. All the work I put into that gave me immense appreciation for those who seek to protect their intellectual property. I’ve also had my shit stolen back when I had shitty friends and shitty neighbors. So it bothers me a LOT when people steal MY shit. + +Imagine a world where people can’t steal your shit! + +Ryan Cohen if you’re reading this, what you’re doing is brilliant and amazing and you WILL go down in history as Earth’s greatest human. + +GameStop will introduce its NFT platform by selling rights to play the Wu-Tang album as an NFT. Same with movies and video games. GameStop will be the platform to buy, sell, and trade everything that is more or less intangible. + +What’s another intangible asset? Shares of a company. + +Bigger than Amazon? oh yes. Bigger than the Amazon and the motherfucking DTCC combined. + +Not financial advise. I like the stock. I like the socks. +I'm old but this sales tactic is new to me. + +Service providers like insurance, banking and in my case utilities (Australia), put you on 12 month plans that at the end of the cycle drop you back onto the worst plan for you. Insurance companies are really bad. + + +So here is the current tactic we encountered. + + +Our separate gas and electric contract (same supplier) ends about now to default to NO discount. We got a discount to join them. (If you ask they give you the same discount again each year) My wife calls and they cannot locate one of the contracts. While they look, she is offered multiple complex sales packages they have to sell while they negotiate the yearly renewal. + +They 'suggest' we don't have a contract at all. Constantly asking all sorts of sales like probing questions. A bamboozle for sure! + +Finally after 1 hour, they locate all of the information and my wife just has to move on with her day and is not really clear on what we have agreed to pay. + +So I call them back with my wife's notes with every detail at hand. + +I get transferred 3 times. 20 minutes in I get someone who can deal with this enquiry. After 10 minutes answering every question they need for privacy reasons, they ask, have you seen any offers from our company? I say, tell me, of all of those offers, which one is the best. + +I suggest I am reluctant to leave them as a have a better offer, I'm disenchanted with the way they treated my wife etc. + +I got the highest discount available and a few other fees waved. + +We estimate more than a $1000 saved for 2 hours on the phone. + +Always ask them + +Am I better or worse off making that change you suggested? Is that your best deal? They have to answer truthfully. + + +It's a game, know the rules, have time on your side, information at hand, and get competitive prices. + +And SCREW THEM HARD! + + + + +[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 a long term investor and have all of my investments in individual stocks and funds. I consider myself to have high tolerance to risk but never considered buying Crypto for the simple reason, that I don’t really understand it. + +I started reading about but still, had no real conviction due to risk if regulation from the governments and the unknown consequences as a result of this. + +But seeing it becoming more widely adopted in US, I’m really starting to think about it. +What do you think? What platform are you using to buy Bitcoin? +I quite like Etherium due to its scope. +Just received my dividend all ready to re-invest. I've now held LS100 for a year, I'm now tempted to ditch it in favour of VRWP. Or even the HSBC FTSE All World Index EFT. + +I want to lose UK exposure, but I can't help but think that the Covid recovery is looking pretty good and that bodes well for the FTSE weighting. + +So I either stick it out on LS100 for another year or try my luck with another fire and forget passive. + +Any thoughts? Maybe I should just leave it for another year. + +Long term stuff, mid 30's. + +No GME please! +After playing around with trading for the last two months (newbie) I've realised that I just don't have time to constantly monitor my stocks and check the news etc. I have a full time job and girlfriend and hobbies etc. + +I found myself googling stocks and stuck on trading 212 during work hours way too often. At one stage I was babysitting about 20 stocks in total. + +So when I found out about Scottish Mortgage it was a no brainer. They were the same sort of stocks I had anyway. Lots of high growth and tech. + +So I sold all my stocks and put the money into Scottish Mortgage. I'll add £100 a week until I'm 500 years old. Seems easy enough. Maybe Google Scottish mortgage every week to see if they've collapsed into liquidation. + +Is this a bad idea? Seems like a no-brainer but what's the catch? + +Edit: Due to tax laws in my country I won't invest in ETFs. Has to be investment trusts. Less tax. +I see it over and over again but I personally believe it is still the #1 reason why my money is in the correct place. + +Who in your life has even given so much of a fuck about where you choose to lose your money? Casinos, gambling agencies, pubs etc don’t even remotely try to stop people ruining their lives and wasting thousands on dollars on machines designed to take their money slowly but surely. + +So why all of a sudden does the “house” (MSM, government agencies, shills) want you to take out all your money before you lose it all? No one has ever given a shit if I sat at a Pokie machine or Blackjack table and rinsed $100’s upon $1000’s of dollars knowing full well that the deck is stacked against me or that a pokie machine is designed to pay back 90% to player at best over a long period of time. + +So why now? + +Because the house has finally realised they can lose. Their position of power is gone and all of a sudden, they stand to lose an obscene amount of money because they have been trying to play this hand for upwards of 10 years. In walks retarded ape who goes all in and manages to pull a royal flush. We’ve seen the flop, the turn card has arrived and now all we wait for is the **river** so the players can flip their hands and show just how **royally** fucked they are. Time is on our side, the cards are stacked in our favour and unless the house flips the table and says everyone get out of my casino, this result is inevitable. + +Buy and fuckin’ HODL, let’s have a fun week. +I own a little bit of MKR. + +Stable coins are Yuge for many reasons, but primarily because it allows for actual commerce in cryptos because businesses need to buy and sell their products in something that won't fluctuate more than 25% in value over the course of days or weeks. + +Likewise ppl don't want to be paid all in crypto because of the same reason. + +Good currency needs to be a store of value and a unit of account, not just a medium of exchange like btc. + +Dai, despite all the market fluctuations and crash of the last month's has been rock solid at keeping very close to its dollar peg. Super impressive. + +Now that Bitfinex is adding Dai pairs the writing is on the wall. I hope to see dai replace usdt, although unlikely in the short term. Regardless, mkr holders get fees from the whole system, like a dividend. + +The tokens are also very scarce. Only 1M I think. + +Wanna go long on eth? Open a cdp, get daí, and buy more eth. Amazing. + +Stablecoins are one of the Holy Grails of crypto. Only on. ETH! + +I think maker is gonna be Yuge people. Believe me. + +Thanks! + + +Be rational, take a breath. I promise you, you will know when it finally squeezes. The key now (and this is mostly for the new apes) is to hold tight, be patient and be fucking emotionless. It is just money, you can make it back and the potential gains from this squeeze outweigh the initial investment by margins you won’t even be able to comprehend. The DD is diamond solid, now your hands have to be diamond solid. We all believe in you. + +This isn’t financial advice, I’m not a financial advisor, I just can’t wait to get a new handicap sticker for my Lamborghini 🐎 + +FUCKING HOLD AND BUY + +&#x200B; + +edit: How do we get this info to WSB? I have the feeling a lot of people are not anticipating it +Look, I get it, he wasn't a rock star as CEO. But I think it is worth voting for him anyway: + +First and foremost because the board fucking recommends it. Which means that at the LEAST, Papa Cohen agrees to allow him to be there, if he doesn't downright WANT him to be there. + +Yes, he missed all his performance targets and forfeited his bonus. Those targets were set in 2019, pre-COVID. So he wasn't able to get there, but he kept the company alive and took steps to cut costs to make that happen. That's not nothing. + +Yes, they're transitioning to an e-commerce focus. But they still have thousands of brick and mortar locations that not only aren't going anywhere, but if the Super League Gaming partnership turns out to be a thing, those locations will be crucial. Sherman's whole deal was that he was a brick and mortar guy. That expertise/experience is still valuable. + +Lastly, he did forfeit a metric fuck ton of bonuses in both cash and stick if I understand it right. He did it quietly, classy, didn't raise a stink in public about it. He's accepting this nomination to the board with 100% equity compensation. Clearly he believes in the transformation and future of the company. + +I'm just a smooth-brain ape with XX shares, but I think George Sherman deserves better than what I've seen in some of these posts. I will be voting FOR him and the other proposed board members. + +EDIT: Because it keeps coming up. Yes he's a boomer. I wouldn't want him as chair or in a CXO role. I think he's in the place where he is most valuable actually. As part of the team running the show, but not the shot caller. I believe his different (boomer) perspective has value in the discussion of how to move the company forward and that's why he was kept on. + +EDIT 2: Yay I got propositioned to shill! I feel like I've really made it! + +EDIT 3: Finally found and corrected "we" +Can someone explain the spin from pundits, and the coverage on Bloomberg and WSJ ? + +They aren't saying that people are selling their shit 10-year Treasuries. They say "Bond Yields are rising." + +So, they claim, because "bond yields are rising" people are selling NASDAQ. But clearly not to buy Treasuries, since the are falling in price due to people SELLING them. + +It's like they don't want to admit that people are shifting to cash. + +Or, they are part of the group trying to push Powell to raise rates. +Some title, huh? + +This is partially a success post, since I just hit $200k and wanted to celebrate, but also I wanted to offer a breakdown of what my journey has looked like so far, while undergoing cancer treatment in the US as a young person. Let me tell you, it's been a ride. + +Here's the TL;DR for all y'all who don't want to read: 24F engineer discovers FIRE, saves for a few years, goes back to grad school, gets cancer, gets dream job, buys a house and adopts a dog. 29F today. + +So right off the bat I'm going to acknowledge my privilege. I was raised by frugal parents in a lower-middle class background so I always had an appreciation of finances, and had help paying for my undergrad education. I graduated without a crushing amount of debt ($22k) and went into a lucrative field (engineering). Not all are as lucky as I have been. + +Ready? Let's blast off. + +&#x200B; + +**Year 1:** Age: 22 NW: -$20,000 Salary: $0 -> $63,000 +Notes: Graduated with a degree in aerospace engineering in the spring and got a job offer in the defense industry on the other side of the country in the fall. I like space ships, not missile, but hey, I needed a job. Packed my bags and drove 2000 miles away. As soon as I got my first paycheck I started aggressively paying off my student loans. + +**Year 2:** Age: 23 NW: $6,000 Salary: $65,000 +Notes: Was about halfway through my student loans, got myself some fancy new toys, but wasn't loving my career. Still sort of just coasting and enjoying having disposable income for the first time in my life. + +**Year 3:** Age: 24 NW: $34,000 Salary: $68,000 -> $82,000 +Notes: I paid off my student loans! ...Now what? I suddenly had a surplus of cash and didn't know what to do with it. So I started to google and read a bunch about investing, and that's when I encountered **FIRE**. Finally I had a plan. Even though I didn't love my job, I could at least work toward the goal of investing and retiring early. Hell, I was already living frugally. Almost immediately after that I was headhunted by a competing company and quickly jumped ship. (Spoilers: I wouldn't enjoy the new job any more than the previous one. In fact, it solidified my resolve to switch career paths, FIRE be damned.) + +**Year 4:** Age: 25 NW: $74,000 Salary: $82,000 -> $0 +Notes: After less than a year in the new job I was already ready to leave. I'd spent the last year aggressively saving before I applied to graduate school in a field tangentially related to my own (astrophysics) which makes less moolah, but would bring me a lot more happiness. I got in! The first year of graduate school was super fun. I took on some debt, as I applied too late to be considered for a Graduate Teaching Assistant (GSA) position that first semester, but hey, I was desperate to get out of my soul crushing career. I had enough money to pay for living expenses previously saved from my engineering jobs, so I just enjoyed college that first year, applied to be a GSA the following year, and applied to lots of internships for the next summer. + +**Year 5:** Age: 26 NW: $82,000 Salary: $20,000 +Notes: And I got an internship at NASA! It was my dream internship. It was also during that internship I noticed a bump in my neck. That summer I went to three different doctors who all assured me, "You're young, it's probably nothing." I was young, but it wasn't nothing. When I returned to school that fall I went to my uni's crappy medical clinic, and the nurse there actually had the humility to admit she didn't know what the bump was. Instead of brushing me off, she referred me to a head and neck specialist. That nurse saved my life, because 2 months later I was diagnosed with cancer. That's a big *oof* in your 20's, in the middle of graduate school with hardly any income or health insurance. Oh yeah, and then I got the call to come interview for my dream job on the Artemis program two days later. Talk about a roller coaster. +I skipped my finals that winter to have surgery. I recovered over winter break. The doctors told me I should take the next semester of school off, but I'm a bit stubborn. I had my thesis coming up, and I got an offer for aforementioned dream job. Hell no I wasn't going to quit now. + +**Year 6:** Age: 27 NW: $67,000 Salary: $15,000 -> $78,000 +Notes: In January I took my missed finals. That semester I took the last two classes needed to get my master's, continued to teach and grade as a GSA, finished my thesis, and underwent radiation treatment over spring break. The bills started rolling in right around when I was graduating, but at least I had a job lined up. All told, I probably paid $10k out of pocket that first year (but let me tell you, that HSA I opened years earlier after reading about it on FIRE blogs saved my butt). Once I started my 9-5 I bought the best health insurance plan they offered. My parents also helped to pay about $5k of my medical bills. I know, they're amazing. I love them. + +**Year 7:** Age: 28 NW: 105,000 Salary: $81,000 +Notes: You may have noticed that my new salary, despite me now having a master's degree and more years of experience, is actually less than my salary before I went back to grad school lol. I had expected that. That's what you pay for happiness. After getting back into my career, I was able to start aggressively saving again... which is great, because 9 months into the new job I was diagnosed with Cancer: Round 2. Fight! (And getting scheduled for surgery in the middle of a pandemic is it's own fun bucket of balls, let me tell you.) Luckily this time I recovered much faster, and paid only $2,500 out of pocket due to the very fancy health insurance I mentioned before. + +**Year 8:** Age 29 NW: $200,000 Salary: $85,000 +Notes: And because I guess I was feeling giddy after the cancer thing, I decided to buy a house! Just three months ago. So part of the jump in my NW is due to home equity, but not much. This was just a really good year for my investments, and I saved over 50% of my income. Oh, and I also got a puppy, because I've always wanted one but I wanted to wait until I had a yard, first. He's 4 months old now and is the best thing to ever exist in the history of humanity. Which brings us to... today. + +&#x200B; + +The blood work is looking good, so if I'm lucky all the cancer stuff is behind me. The frequent labs and ultrasounds are still a bit of a drain on my finances, and I'll be on daily medication the rest of my life as a result, but I'm lucky to be in a good paying field that can support my medical needs. + +**SUMMARY** +Average Income since undergrad: \~58k +Liquid Assets: $20k +Retirement Accounts: $150k +Home Value: $450k +Mortgage: $410k +Grad Loans: $10k +\------------------------- +Net Worth: $200k + +At the rate of current expenses and savings, I think I can hit my FIRE number in 10 years, around when I hit 40. This isn't accounting for things like kids (I'm a gay woman, so if anything I'd adopt), marriage (a boosted combined income would be excellent), extra roommate income (I've got another room in this house I'm not yet renting, because I'm just enjoying alone time with my pup), or a side hustle. However, a side hustle is likely in my future, because while all this was going on, I was also working on my hobby, which is writing fiction. I don't self publish, but I've been querying in traditional publishing circles for a few years now, and it's looking like a book deal might be in my not so distant future. If my writing career does take off, I think I could go to part-time work in about 5 years. Writing is something I really love, and it's been an amazing stress reliever and outlet for everything I've gone through, so if the numbers looked good enough I would even consider switching to that career full time. But that's still just one of many possible tomorrows. + +Things I'd do differently? + +Not much. I guess if I had the magical ability to predict my cancer I wouldn't have chosen to do grad school at the same time, lol. And grad school itself basically lost me 2 year's worth of early savings and compound interest. But I'd do it all again. I loved the program and the people I met there. I've loved working at my new job. I mean, we're sending people to the flippin' Moon, guys! How sweet is that? I didn't enjoy my first 3 years in the defense industry, but it was needed to gain valuable work experience and skills and pay off my undergrad loans. Oh yeah, and I still have $10k on my grad school loans, but since there's no accruing interest or payments due right now as a result of the pandemic (and Biden may or may not forgive student loans) I'm holding off on paying those down in order to invest and replenish my liquid assets after pouring a bunch into the house closing costs. + +So, yeah. That's it, guys. It's been a ride. Dunno if you all got anything out of this, but it's been fun to share. I guess if I had any parting words of wisdom, it's to not sacrifice your today for your tomorrow. Running face-first into cancer was a pretty big wake up call for me: all that saving and FIRE planning I'd been doing, and I might die before I would mean anything? I'm not saying to go out and blow all your cash on cars and casinos. But hey, go for that lower paying career that'll make you happier. Finally get that dog you promised yourself you'd have when you were 12. Make time for your favorite hobbies today. + +[Puppy Tax](https://imgur.com/a/lz1DSsS) + +EDIT: Obligatory "Wow, this blew up!" I just want to answer some additional questions here so you don't have to go digging. + +**What kind of cancer is it?** Thyroid cancer, which had done a lot of spreading. I got it worse than your typical thyroid cancer case, but thyroid cancer is still waaaay more treatable than most other types of cancer, so I feel both lucky, and optimistic about beating it. + +**Where did you live during this?** Florida, Alabama, Arizona, and Colorado. The first three were low cost of living and I was able to save a bunch. Denver has been much higher COL, so it's been tougher to save. + +**A $450k mortgage seems like a lot.** Well first off, that's not a question. And second, yeah, I know lol. But I have a very low interest rate, and the price is actually on the low end (without being a dump) for the city I currently live in. In fact, the mortgage is only about $500 more than I was paying for rent on my 1 bedroom apartment. And if I wanted to rent out the extra room, I'd actually be saving money! Since I'm settled with a job I intend to stay with in a city I intend to stay in, financially it just made more sense. +When working 9 to 5, how do you trade when you have some free time but not all the time in the world to trade? I’d like to think support/resistance trading might be the best method for this scenario, but I’d like to hear what everyone has to say. +Hey everyone, + +To change things up from the usual speculation and ‘market crash roulette’ threads, I’d love to hear your stories! As someone who is going to be a homeowner sometime in the not too distant future, I’d love to hear about your first home buying experience and anything you’d do differently if you were able to buy for the first time again. +[Interesting piece in the Washington Post](https://www.washingtonpost.com/graphics/2017/national/seniors-financial-insecurity/) about seniors who are working into their 70s -- actually traveling the country via RV and working minimum wage jobs -- because of a lack of retirement planning and other factors. Posting here because though I know we're all incentivized to plan better, many were and are not, and this shines a light on the math and decisions made earlier in life. + +**Some key discussion points:** + + +*In addition to their $10-an-hour paychecks, the couple receives $22,000 a year from Social Security, an amount that has barely budged while health-care and other costs have soared.* + +*“If we didn’t work, our money would run out real quick,” Richard said.* + +--- + +Among people between 55 and 64 who have retirement accounts, the median value of those accounts is just over $120,000 + +--- +*For 21 years, Joanne worked as a manager for a day-care company in Fairfield, Conn. She said she paid regularly into a 401(k) account that, at one point, was worth more than $40,000. +By the time she left the company in 2008, however, its value had fallen to $2,000.* + +(She blames mismanagement by the plan administrator, her employer, but moreso, the 401k system.) +Hey Community! + +Quick Question: + +Is it worth to borrow some money to buy some furniture for the new apartment despite big cash reserves at the bank account and instead invest the cash of the bank account? + +Thanks for your answers. +I have serious trust issues with the BSC. I've been part of this community for as long as I can remember and there's a lot of projects that look at other investors, but never get answered.. What is their vision? And every time it feels like they say TOO THE MOON! The idea is always TOO THE MOON! + +I'm tired of people asking "why" when there are no answers or visions provided to justify their project, even if they come from investors like me who have reached out before in hopes that we'll work together one day but haven't gotten much response yet (not surprising). + +Now here comes Embr.. A project that didnt make outlandish promises. In fact they undersold themselves. Immediately I was intrigued. I saw people across the BSC community giving opinions that ranged from straight FUD to the other side of the spectrum, being extremely bullish.  + +So I did what I do best. BE A SKEPTIC!  + +I did extensive research about their contracts. I saw the hesitancy people had about buying presale because of the vesting and if it really worked. Now i see the praises of how well it was executed. How easy it was to buy in and now retrieve their tokens after the fact. And most importantly.. Why they built these products in an attempt to mitigate all the nonsense that I see the community I care so much about brings up on a consistent basis! + +Then comes the big drop.. Their partnership with Wyre! They just partnered with Avalanche and Sol (Also did anyone else notice the tokenomics that SOL and EMBR has, that there is a lot of similarity??) !! If they are able to achieve with their app the ability to purchase tokens with a credit card and swap from another with Embr Swap. Does anyone see this as a game changer!?!?! + +I’m a skeptic and a pessimist, but looking at the project and the litepaper, seeing what the team is doing. Am I finally given something thats at least justified in spending my timing researching and giving it a fair shake? + +Who else feels this way!?!? I want your input! Please check them out! + +Ive provided links below to give you a head start! + +https://joinembr.com/ + +https://www.sendwyre.com/ + +https://www.bloomberg.com/press-releases/2021-11-13/embr-raises-1-5m-in-under-3-hours-to-ignite-blockchain-ido-launchpad + +https://ihodl.com/press-releases/2021-11-23/embr-announce-their-partnership-wyre-blockchain-and-cryptocurrency-payment-service/ + +Thanks again fam! +I recently changed jobs and you can’t participate in the 401k program until you’ve been with the company for 1 year. I’m in my 50s and I’m worried about missing out on a whole year of 401k investment growth. My wife and I both have Roth IRA’s but the contribution limit is so limited compared a 401k that we’ll easily max them out. Any suggestions work be greatly appreciated. +&#x200B; + +[1](https://preview.redd.it/4boma69rmw071.png?width=1152&format=png&auto=webp&s=e0ff9c35b39492180375118160aa9ae26fcebbc3) + +[2](https://preview.redd.it/oitogxmrmw071.png?width=1152&format=png&auto=webp&s=dc9c1e4221425587786413f1dbe95e1cb16f248c) + +[3](https://preview.redd.it/fgn2op1vmw071.png?width=1152&format=png&auto=webp&s=a09b60733ecac348374c3d2e75766f59253b5397) + +[4](https://preview.redd.it/2jaake2vmw071.png?width=1152&format=png&auto=webp&s=16da1b623b22a7a72a3d892a5f5158e370a027e4) + +[5](https://preview.redd.it/zdpazp1vmw071.png?width=1152&format=png&auto=webp&s=44af1e2e58a7d4f5b3f3cc864636a8485ff1fb02) + +[6](https://preview.redd.it/iwx65k2vmw071.png?width=1152&format=png&auto=webp&s=91420fd6b61605ecc7615ba9503cbfd8f2a685ba) + +[7](https://preview.redd.it/ef0s5p2vmw071.png?width=1152&format=png&auto=webp&s=5b73d4627bbaed63d1dde305baaa8d0019e831e3) + +[8](https://preview.redd.it/w2ij734vmw071.png?width=1499&format=png&auto=webp&s=1f730d51c0e3c5edabfb138db9ce3a3ebc1def62) + +[9](https://preview.redd.it/tj9bhv2vmw071.png?width=1152&format=png&auto=webp&s=609d0e83d2dadf4cd0c13554c2d23dd7bdc80e8f) + +[10](https://preview.redd.it/kdmnl84vmw071.png?width=1152&format=png&auto=webp&s=196853bb8aa2607ad2bf0d665cd68456c4749464) + +[11](https://preview.redd.it/fin1wt1vmw071.png?width=1152&format=png&auto=webp&s=0b339aa8f4ac7de1d1bf76e0a77516ad1f22d157) + +[12](https://preview.redd.it/nkz3g13vmw071.png?width=1152&format=png&auto=webp&s=b45b0928e257735d3fb60d8775a99d80f98def51) + +[13](https://preview.redd.it/hphvo22vmw071.png?width=1152&format=png&auto=webp&s=68ccd0e4997639802ca0b46a66077af24db22495) + +[14](https://preview.redd.it/vcu6jd4vmw071.png?width=1152&format=png&auto=webp&s=4d7e7be2d9ad3316815251346093a7d6e107e7db) + +[15](https://preview.redd.it/i7t5j62vmw071.png?width=1152&format=png&auto=webp&s=e25cb4aef1ebaf5c443b54b90bbafd72fd0b4e33) + +[16](https://preview.redd.it/f9h71d3vmw071.png?width=1152&format=png&auto=webp&s=bd3678ba9e88842233dfb079ca51bcfc67f4163a) + +[17](https://preview.redd.it/pfq9tt7vmw071.png?width=1152&format=png&auto=webp&s=c66fb5e3d44238c001a7e22fdfb33f6f56e92887) + +[18 - :\)\)\)](https://preview.redd.it/xyuvu82vmw071.png?width=1152&format=png&auto=webp&s=c5c1b2b282e407df0154ad7fbc2d1d8a1fec4d2a) +Any care for [Elliott Wave Theory](http://d.stockcharts.com/school/data/media/chart_school/market_analysis/elliott_wave_theory/ew_basics/ewb-05-thewup.png)? + +ETH could be preparing for an upcoming launch that might go something like [this](https://www.tradingview.com/x/FwgnPX0T/). (The lime green impulse wave is hypothetical just for show and not meant as an actual price prediction by the way). + +Edit: Added the log scale variant. The original one [here](https://www.tradingview.com/x/3LeXMTjV/) was non log scale. +I ask because it seems a ton of people move either from one expensive city to another, or from a lower cost of living area to a higher one. + +I understand for certain tech/corporate/high finance/specialty careers it can definitely be worth it, if you’re raking in the big bucks. Like if someone moved to the Bay Area for a six figure tech consulting job. + +But it also seems like people move to a big city because there’s lots of things to do and see, and in their minds, it’s easier to meet people. + +Those of you who moved to an expensive city, do you actually spend time at all of the attractions/entertainment activities/restaurants? Or are you doing everyday stuff like grabbing coffee or tea, going to the local park, walking the nearby hiking trail, etc, that can be done in even a smaller to mid sized city that’s likely cheaper than where you are at. + +Is the job market significantly better where you are living? + +Do you feel you need to live where you are to meet people/make friends/date/settle down? +For those who have enough in net worth that they will be comfortably withdrawing less than 1% in FAT retirement, does it really make sense to hold bonds? The current no-interest rate environment aside, if you’re withdrawing so little, or borrowing on margin, is there actually value in holding lower-volatility and lower-return assets? Even a market crash seems like it wouldn’t have much of an effect if you’re making small withdrawals relative to your total principal. If you can just continue to hold your positions, won’t you be better off sticking with the highest returning assets regardless of volatility? + +This seems to fly in the face of conventional wisdom, but maybe that’s just because conventional wisdom isn’t aimed at the UHNW crowd? Or are the traditional recommendations less focused on maximizing returns and more focused on managing psychology? What am I missing? + +Would really appreciate your thoughts, particularly if anyone has seen any useful analyses on this question. +During the recent years, people have built fantastic infrastructure around bitcoin. The number of people who could use Bitcoin through bitpay, coinbase, kraken, bitpesa, ... has exploded, but the number of actual Bitcoin user has not. + +China has "banned" Bitcoin several times. Bank of England has "endorsed" Bitcoin. We help Sean's outpost and NASCAR became DOGECAR for a weekend. That's a success, but no moon-level-success. + +We keep saying to ourselves that the price does not matter, but it does. It tells us how much demand their is for cryptocurrencies, and, through speculation, how much demand there will be in the future. Current market cap is USD 5,159,026,368 and falling. Not enough to go to the moon. + +Can we stop the circle-jerk and think about why greedy Wall Streeters and hard-working Phillipinos don't go crazy about Bitcoin, yet. If we fail to understand this, we all are going to make bad decisions. +I know....me, lose money trading?? Seems hard to believe. + +Sigh, but there was a time when I was a fresh-eyed noob and thought I knew everything. Those were fun days. + +Back then there were lots of ways I would screw up, but one stands out in particular. Perhaps some of you can relate? + +The morning would start and I would be there for it - Adderall, check. Coffee, check. Mango Juul, check. + +The moment the open bell rings I would see my list of morning gappers take off. Stock was at $3, now it’s $4, and looks to be heading to $5. It’s climbing my Active Trader ladder fast. + +But wait, it’s not the only one! Several stocks are “gapping and going”! + +FOMO sets in. Like a crashing wave. I’m convinced that everyone else is making a killing on these stocks. Everyone but me, that is. + +So I quickly put in orders. 2,000 shares of one stock, 4,000 shares of another. And I go green for a second and then they start dropping. No stop for me, these stocks are movers, not going to get stopped out of a winner! I would always think back to that one time I got stopped out of a stock right before it shot up. + +But now they’re back down to opening price. I’m in the hole by $1 a share on one and $1.50 a share on the other. It’s too late to sell now. I just have to wait. And wait. And wait. As the day wears on I realize I’ve been staring at these ladders for hours. Volume has dried up and the stock isn’t moving. + +Do I just hold them? Maybe the magic returns. It doesn’t. It never does. + +Ok so no more gap and go for me! Problem solved, right? Nope. + +During the day other stocks are jumping, some of these are reputable companies too! + +Same process - Same result. + +The problem was FOMO. The single biggest killer of day trading accounts. + +When you have FOMO you don’t stop to check the charts, you don’t look at the technicals, you just jump in. You never think it will retrace, you think - if I don’t get in now I’ll miss it! + +So here’s the solution - take a breath. Don’t take a trade until you looked at the chart and identified levels of support. Don’t buy the stock until you looked to see the catalyst - is it news? sector sympathy? market related? earnings reaction? Don’t make the trade without doing DD on the charts. (see my other posts on the type of DD you should be doing) + +Will you miss a few doing this? Sure. But you’ll save yourself from many more. + +Anyway, thought I would share what was my biggest issue starting out. If you can’t relate, that’s great, it means you’re not making the same mistake many of us make/made. If you can then just know that this is a common issue, with an easy solution. +For a few years my wife and I have been considering leaving our jobs for some other experiences. And it comes out the company has offered both of us a neat early retirement package. Although we don't need it, it looks like a good exit point. + +I told her that we have more than enough -our current yearly expenses are 1.5% of our savings-, but she is a cautious person. She was leaning towards having one of us continue working. + +So we went to check with a financial adviser. He put the numbers in the magic program that gave us a 99% chance of having enough money, even doubling the expenses. I was not very surprised. My wife reaction was: "I retire, you do whatever you want". + +I'm a little torn myself. Thanks to financial independence my job has become more comfortable because I work on my terms, and I have chosen some interesting assignments because I could take risks. On the other hand it looks like my job could disappear soon, and a few years of work will make no difference on the quality of the rest of my life. + +We want to find some other jobs though, which at 50 years old will not be easy. We will see. + +We have done nothing exceptional. We have jobs that pay well (but not crazy well), we spend only on stuff that is important for us, and we like to get value for money. +We simply don't. + +Once you accept that we all are diving into the unknown, in a completely unpredictable market where a moon or a crash might happen the very next second, you are able to make better choices. You set yourself free. + +No, you haven't figured it out, nor has some Youtuber. + +No, technical analysis can't predict prices and 95% of day traders get burnt. That's a fact. + +Now, when big money has entered the chat and can manipulate the market at their will. We, the retail investors are left at their mercy. + +Yes, it's reasonable to expect that BTC and solid alts will be worth more than today in the long and mid term, but even then, remember that dozens of solid projects have failed and never recovered. We are *speculating* on what might be and which projects will make it. + +Wether we are in a bull supercycle or a bear already, is irrelevant when you keep the big picture in your mind. + +You're like an astronaut, sailing to space with your portfolio as a ship, seeking for fortune. Anything might happen: your ship's hull might break and suffocate you to death in 5 seconds, or you might find your moon tomorrow. + +Remember this, it will set you free. It will allow you to withdraw from emotions and simply look at your portfolio with serenity, thus making better decisions. + +Stay humble y'all! + +Edit: I'm a believer in the tech, feel free to check my other posts. I just think people are sweating it too much right now, I think we would be at peace if we just let it be and accept that we can't do anything about it. We are floating adrift, and that's fine. +It’s weird cause I genuinely believe this whole stock market thing doesn’t affect me at all, but ever since I started I’ve been having random panic attacks in the middle of malls and at work and shit. Is this just retardation setting in or something more? I think the fact that I’m seeking therapy on a fucking stock-market- gambling subreddit indicates yes, but just wanted to make sure. +I'm 35 and my S&S ISA is triple the size of my pension pot. + +I was late to start my pension admittedly. I was a contractor for years and simply never bothered. I'm now a permie with a decent employer contribution and sacrificing a fair bit. In total i'm sinking £1100 per month into it now and i'm trying to play catch up. + +I have always invested into my S&S ISA though, and I've had very good returns. + +I don't salary sacrifice all of my earnings above £50k which seems to be the general advice here. I'm happy to pay 40% tax now and get my hands on that cash so I can plough it into my S&S ISA and try to grow it into a much larger pot which I can access whenever I want and (crucially) never pay a penny tax on the returns. + +I'm quite active and aggressive with my investments and I average about 20% growth per year (i've had 50% some years). + +The way I see it, the age at which you can access your pension is getting higher and higher, the lifetime allowance is getting ever smaller and you're going to be taxed on it anyway. I don't even know if i'll make it to see my pension. + +My plan is to build up a huge £1 mllion+ ISA pot. I honestly believe this is not unrealistic for me over the next 5-10 years and this will hopefully provide me with a tax free income for the rest of my life. If all goes well then the pension is just a bonus. + +I guess you're weighing up what's worth more to you - the 40% "top up" today or the chance to draw down completely tax free on the pot in the future and earlier access. You can't possibly know which option will be turn out to be more lucrative. +As the title says 6 months ago my dad is in his 50s and lost his job in a series of layoffs from his previous employer of almost 15+ years. Since then he has applied to 100s of jobs and has heard back from 0. He's done multiple interviews but I suspect that since he's worked the same job for 15+ years they don't always go that well. Previously he was a SDE focused on C++/Java and he's been learning AWS/Python in the past few months to branch into new skillset. He's also tried going through recruiting companies he found via LinkedIn but they have been no help. Does anyone have any suggestions I can give him, or any recruiting agencies that do a good job aligning jobs for his skillset? I'm starting to get really nervous and losing hope that he'll find work and it keeps me up at night. + +EDIT: Thank you so much everyone who commented and provided me with links to job pages and recruiting agencies. I'm going to bundle all this info and call him tonight with a few role opportunities. Thank you so much for this community! +The bank is disputing the charge and refunding me, but what else do I need to do to secure my account? + +Update: so it turns out I had some old checks at my parents house, my mother uses the same bank as I do. She asked my dad to pay a bill for her from her account, he grabbed my account info instead of hers and here we are. At least I've updated all my passwords and tightened my security! +https://np.reddit.com/r/IndiaInvestments/comments/cfw0zx/will_yes_bank_go_bankrupt + +https://np.reddit.com/r/IndiaInvestments/comments/cgrlfg/do_we_see_any_coming_back_for_yes_bank/ + + + +We had some great discussion from 7 months ago about Yes bank. Some were worried and some were confident that Yes bank will NOT fail. + +I don't know if you call the current situation a failure or not, but some of the speculations was interesting to read after 7 months. +I'm engaged! And due to be married, but got to wondering about what is to become of my assets post-marriage. I have a significantly higher net worth than my fiance (650k and 50% to FIRE relative to their $100k mainly because my salary is almost 3x my fiance's). I assume if we were to ever get divorced in the future, my investments would've compounded and be worth even more than what it currently is and I'm considering discussing getting a prenup so I don't suddenly end up with my FIRE plans down the drain should we spilt and need to divide our assets. I certainly am not planning to get divorced before I've even gotten married, but you just really never know; I can't predict the future! + +Have you ever gotten a prenup on your path to FIRE? What was that discussion like with your fiance? If you're married, would you have gotten one in hindsight? Curious what others opinions are! +by [Vitaliy Katsenelson](https://contrarianedge.com/the-fischer-random-chess-stock-market/) + +I grew up in Russia, where chess was a spectator sport. Chess is almost as old as the New Testament and has only gone through minor changes over its long history. Chess has the longest recorded history of any sport – you can study the first recorded game, played in Valencia, Spain in 1475. [The game](http://www.scachsdamor.org/), which was called “Scachs d’Amor” (“The Chess Game of Love”) by those who played and recorded it, comes to us in the form of a poem comprising 64 stanzas of 9 lines each. + +Any player who takes chess seriously will carefully study every move in the tens of thousands of games played by grandmasters over the last six hundred years of recorded chess history. Chess players study opening systems – the series of first moves (five to fifteen in number) early in the game that lead to the middle-game formation of pieces. They study opening systems to the point that the early part of the game requires very little thinking; it is quite mechanical – you execute openings that you’ve studied day and night and thoroughly memorized. As the game leaves its opening phase and goes into middle- and then end-game stages, raw thinking becomes more and more important. + +Enter Fischer random chess, which was popularized by the eccentric American world chess champion Bobby Fischer in 1996. It is the same as the traditional game, except that the first rank, the standard opening arrangement of kings, queens, bishops, knights, and rooks, is randomly reshuffled (symmetrically for white and black) every game. The second rank, where the pawns open the game, is untouched. The rules, objectives, and strategies are the same – you want to control the center; your pieces need to protect each other; your king has to be protected at all times; and the goal is the same: kill the other king. + +The beauty and the difficulty of Fischer random is that memorization of the opening system is completely useless – there are 960 variations of starting positions for your army (this is why this game is also called Chess960). You cannot make an automatic move like pawn E2 to E4, because the piece behind it may not be a king but a rook. Studying the middle and end games still has tremendous value. + +There is a parallel between today’s stock market and Fischer random chess. The last time we faced a global pandemic was in 1918, and this might as well have been in the BC era. Few of us were alive then, but even the history books are not that useful, as the structure of the US and global economy, the central bank system, the diversity and dynamism of society, and the state of technological progress are nothing like the world knew then. Most of the mental models we as investors rely on are based on an environment that no longer exists. The only common denominator between now and then is that humans have not really changed that much – it takes a few millennia to rewire our DNA and thus our fundamental behavior. + +I look at my thinking from a few months ago – which seems like it was a decade ago – and realize it was naïve. In the initial shock of pandemic, I did not realize that I was using the playbook (opening moves) for a traditional recession as we approached our investment decisions. We were playing the wrong game. + +We need to confront this environment on its own unique terms: we have never been here before. We have to incredibly careful not to fall back on using old mental models. With every move we make, we have to reexamine our assumptions. + +Let me give you this example. As the economy reopens and we come back to work, a lot of people won’t return to their offices. Many companies have already announced that they will expand WFH (work from home). This means people will commute less … and the demand for cars and gasoline may be very different. + +I visited Russia in 2008 for the first time since leaving it in 1991, and I discovered something interesting: When people talk, the distance they maintain between each other is much shorter than in the US. Americans keep at least two or three feet between them. Russians are comfortable with one foot. I (being Americanized at this point) found myself slightly uncomfortable being in such close proximity to friends I talked to, and I kept stepping back. It did not take me long to realize why social distance in conversation is different in Russia. Despite Russia’s enormous size, public transportation is always packed, elevators are tiny, and apartments are cramped. This built environment has shaped how people interact socially. + +Will this pandemic permanently reshape distancing requirements for us – will two feet turn into four or six feet? Over the last few decades the airlines, trying to lower their costs, increased the number of seats on planes and thus shrank the distance between passengers. Will they have to rewind the clock and make seating more spacious again? If they do, ticket prices will have to go up, and may go up a lot, since airlines’ operating costs will not decline; they will only go up. Higher ticket prices may reshape air travel. Flying may turn into a luxury item again. You’ll have fewer planes flying. Businesses may substitute Zoom calls for travel. You’ll need fewer planes and fewer hotel rooms. Thus, if you are in the business of making flying buses (planes), your industry might go from 4-5% forever growth – this was the expectation as people in emerging markets became wealthier and started travelling – into a glacial decline. + +In 2008 – despite the magnitude of the recession – we did not have to think about such fundamental shifts. I am not sure whether the travel industry will change this profoundly, but there is not a zero probability that this scenario will be our reality, all because of a microbe we cannot see. + +As time passes and we enter into the middlegame, we’ll have a lot more clarity. We’ll get more familiar with our position on the board with game pieces like vaccines and cures, and the old normal may more or less resume. But today we have to face the fact that we are playing Fischer Random chess and must weigh our moves both carefully and creatively. + +As we look today at the global economy, the potential outcomes are very wide. We’ve taken a position of hoping for the best but investing for the worst. + +(in audio format [here](http://investor.fm/the-fischer-random-chess-stock-market-ep-76)) +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) +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/ywAGqfUAQE). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +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/ywAGqfUAQE). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +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) +Our local market (Jackson 'Hole', Wyoming) residential market is going bonkers. Spec homes that were started with pro-formas in the $2M range when they started construction are closing in the $4M ( a dozen) + + +I bought a condo to flip (full renovation) in the high 6 figures, and an identical unit closed 90 days later 25% higher. + + +Prices that everyone thought were incredibly high summer 2020 are definitely up another 20% or more since then and inventory is near zero. + + +Anyone else seeing this? + +Edit: I have no idea where the market is going. Personally I would sell and rent somewhere else aspirational. IE attempt to time the market. But we have a dream house (probably checks 90% of my boxes) and I have 2 young kids and a wife and who gets very stressed out on moving. + +I will continue to invest funds in value add residential assuming that at some point it will fall. I use 0 leverage so I’ll just eat it when the time comes. Hopefully the value I create is most of the loss. Made it through ‘08-‘10 this way. +Saw this company “UpandUp” had just raised a few hundred million in equity and debt from prominent VCs: +https://upandup.co/founders-letter + +Essentially as a renter, instead of a security deposit, you put two months worth of rent into a “wallet” that earns you some share of rental profits with the landlord (the startup) with the idea being that you can share in the upside of being a landlord as a renter https://upandup.co/faqs + +But here’s the catch…now that you get to play landlord as a renter you also share all the repair and maintenance costs with the company! If you need repairs then your “wallet” will be deducted some portion of the costs on their terms. + +And what happens to the wallet once you want to exit your lease? Well you can transfer it to another of their properties or cash out…but only for *up to* 90% of the value. + +Is this the state of real estate and fintech innovation is this country now? This just sounds like a massive grift to push maintenance costs onto to renter while charging full rent prices under the guise of “sharing upside” when you could’ve just put extra savings into the S&P and not take on any of the repair liability as a renter. +Just thought I would let people know that if you've received a letter telling you your Virgin Media is going to increase in price , call them up and you don't even have to speak to someone to get it removed from your bill. I keyed in my account number/area code, and they had an automated message that says something like "press 1 if you want the £4 increase waived, or hold to speak to someone". + +Sounds mad, and it is, but their business model is to hope X% don't bother to even call. + +EDIT -- + +God, I expected 3 up votes and maybe a comment, glad lots of you are saving money. Lots of good additional advice below so take a quick scroll. A couple of additional points to raise: + +* If you take the offer to reduce your bill by £3.50/£4 it's only for 6 months, they do make this clear. If they're raising your bill I think you will have right to cancel, and accepting the reduction probably means you loose this right, so bear that in mind. +I assumed most people reading this subredit would already have significant reductions included, if not and you've let the bill increase by a few quid each year see the next point. +* If you want to put in more effort, stay on hold, and negotiate with an actual person that can potentially get you better results. The first person you talk to will probably be their 1st line offshore call centre, when they tell you their offer is the best **they** can do they're not lying, but the key point is **someone else** can probably offer better. Tell them you're still not happy and ask to be put through to someone that can give you a better deal. +* See the below conversations on other negotiating techniques, the best one seems to be having an alternative supplier quote at hand that you can give them. Another technique is to cancel, and wait/hope retention's call you back with a better offer. Reports below of this working most of the time. +* It's always good to keep on top of any rising bills, shop around for comparisons, and ring your current provider armed with that info to get them to drop it. Most will want to keep you, and if not you already know who to switch to. This includes broadband, cable TV, mobile phone bill, Gas/Electric, Car/house/other Insurance etc. +Call* + +I mean this is a daytrading subreddit for fucks sakes. People here should know better than to be like the rest of the world that doesn’t understand what daytrading is. + +I posted something yesterday about my struggle with stop losses and directional bias and I had MULTIPLE people say I have a gambling addiction and to “get help”. + +Wtf do you think I’m doing here? I’m not trying to “gamble”. That’s why I’m seeking advice from supposedly experienced traders on here how to manage risk well and how to not be mentally biased. + +It’s so infuriating to see people be so unhelpful when you’re clearly asking for it and shrug it off like gambling addiction. +26yo London based. I take home £2500, rent is £750, + +I spend around £850 per month: + +\- About £400 on groceries, £80 on transportation, £100 on tobacco and the rest small random purchases + +Invest £400 + +\- £200 crypto, £200 ISA + +\~£500 per month (Normal saving account). Here i have around 3months worth of rent+ spending money + +I also get an end-of-year bonus which is nice. However i feel i am falling behind, savings go up slowly (i have travelled a bit this year) + +I want to put down a deposit for a house in 5 years and feel very far from it now. + +Am i managing my money correctly? Any tips? +Throwaway account because I’m spooked. She put my name on an Avon account and then forgot to pay off on the account. It came up on my credit check and we paid it straight away but I still have the default on there. + +How do I get rid of it and what will happen to my sister if I do? + +EDIT: This is in the UK, the amount was about £200 and I don’t want her to get into trouble. + +EDIT: Guys, she’s an idiot - not malicious. She’s an 18 year old with a kid who has been convinced that an MLM can help her out and made an account in my name in her downline and then forgot about it. If she had done it on purpose, she would’ve just asked to borrow the money. +Michael Burry seems to claim that 'the mother of all market crashes' is incoming. **Does anyone know what exactly is his reasoning?** + +I have read a bunch of media articles and they do a rubbish job of explaining Burry's case. Burry also deletes his tweets. Sure, there is an [archive](https://twitter.com/burryarchive), but browsing didn't help to get a coherent understanding. +I work at a smallish company (<200 employees) and our current 401k provider is pretty abysmal. Specifically the investment options are lacking with only 1 index fund being available and at a high expense ratio. No target date funds available either. + +I reached out to HR to see if we could request more options and they said they'd look into it for me. A month or so later they decided to find a new provider altogether and since I showed an interest they've asked me to sit in on the demos for the 2 finalists they've narrowed it down to and help them make a decision. + +I'm thrilled that they're giving me the opportunity to do so but want to make sure I come prepared so what kind of questions should I ask? What features should I look for? + + +**EDIT:** + +Here's what I've got so far: + + +1. Fees. What do you charge the company, what do you charge the employees? Are there fees for selling, reallocating? +2. How readily visible are fees for each offering? Employees should be able to easily compare. +3. Make sure there are Low-Cost Index Fund and Target Date Retirement Options. Are there diverse set of actively managed options as well? What are the expense ratios on these items? How do these offerings compare to your retail customers? +4. Self Service for employees to change contribution limits +5. What’s the window on when an employee can change their contribution amount to have it take effect for the next pay period? +6. Can employees future date contribution % changes? +7. Are contributions only % or can employees specify an amount? +8. Option to exclude bonuses from contributions? +9. Are there automatic cutoffs for hitting the federal limit? Does this accout for employees over the age of 50? +10. What if employee joins midyear and has contributions from other provider? Can the employee indicate their previous contributions for the year for an automatic cutoff? +11. Are Roth contributions available? +12. Are after-tax contributions available? +13. Are in service distributions available, specifically to an employee's roth IRA at another broker? +14. What about in plan conversions from after-tax to Roth 401k? If so can they be automatic? +15. Is a company match catchup at end of the year available if an employee hits the federal max before year end? +16. If an employee leaves the company are they required to close out their account? If not, are there account maintenance fees for former employees? If they do close, is there a fee to do so? +17. Do you have in-kind transfers out for former employees who are closing their account? +18. Do you accept in-kind transfers in for new employees rolling in existing 401ks? +19. Do you support employees borrowing from their 401k? +20. When retirement hits, what are the payout options? Lump sum, monthly paycheck, blended? +21. What financial consulting is available to employees? Are advisors fiduciaries? +22. What kind of customer support is there for employees? Do all questions need to be routed through our HR or can they reach out directly? +23. Do you have 2 factor authentication? If so, what kind? SMS/Email only or also support authenticator apps? +24. Do you host an annual meeting for our employees to go over the plan and options and help them with any questions? +I live in Colombia and at the beginning of the pandemic i converted all my savings and income straight into Bitcoin. + +I lost all my savings twice before when the bank declared bankruptcy and a few years ago the bank literally stole money from my account. + +Now since April 28 war broke out and things are not looking bright for the country. + +Some people on Twitter and also Imgur trying to give live updates on the situation + +[https://imgur.com/gallery/QQIM0yi](https://imgur.com/gallery/QQIM0yi) + +[https://twitter.com/FisicoImpuro](https://twitter.com/FisicoImpuro) + +[https://twitter.com/HOLLMANMORRIS](https://twitter.com/HOLLMANMORRIS) + +[https://twitter.com/HRI\_ONG](https://twitter.com/HRI_ONG) + +90% of my money is save, thanks to Bitcoin ! + +Sadly news sources aren't covering the true picture here (as you can see in the imgur link), strikes broke out 28 of April and the Police and Military are killing, torturing, raiding peoples homes and shooting flash bang grenades and tear gas grenades in people's homes. + +Right now i have my windows barricaded with mattresses and a gaping hole in my roof from flash bang grenades. + +All the routes are blocked, anyone trying to drive a car around gets shot at with live ammo. + +I had my house paid off last year and now will lose everything again. + +If i do make it out, i have at least my Bitcoins that i have saved ! + +Even if the country recovers, the local money will be as useless as Venezuelan bolivars. +Spotted this on one of the other subs and I’ve been working my way through it, it’s a great for beginners learning the basics so I thought I would share on here as there seem to be quite a few people in my position. +[https://github.com/SimplyWallSt/Company-Analysis-Model/blob/master/MODEL.markdown](https://github.com/SimplyWallSt/Company-Analysis-Model/blob/master/MODEL.markdown) +Hello world 👋 +Gamestop is back on Twitter and I am back on Superstonk...for the first time since yesterday 😉 +Let's check the market! + +Current price "115 minutes in: 148.71 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. +I try to post every 5 minutes, but I am at work so I can't guarantee it 😄 + +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 $! +https://www.ls-tc.de/de/aktie/gamestop-aktie + +Can you post the volume too? +- +I can't see the volume on my banking app but you can find it online or probably in my comments, since some friendly apes talk about it often. +But remember how low the volume is in the US pre-Market and we're talking pre US pre-market here so I think that the volume doesen't reeeeally matter this early into the trading day. + +Why are you doing this every day, what's the point of posting these numbers, since the volume is nothing compared to the one in the US? +- +I think that it's less about the numbers, it's to show that every minute of every day, there is an ape who's holding GME. +Look through the comments, there are people from all around the world just wishing each other a good morning, how awesome is that? +I think that this feeling of camaraderie is crucial, it's good to know that I'm not the only one liking this stock. +I'm holding since november and I will continue to hold for my brothers and sisters. +We are not a union, we are all individuals who like the stock, but we're still family! + +Starting:                  149.56 US-$ + +5 minutes in: 149.07 US-$ + +10 minutes in: 149.07 US-$ + +15 minutes in: 149.07 US-$ + +20 minutes in: 148.40 US-$ + +25 minutes in: 148.40 US-$ + +30 minutes in: 147.13 US-$ + +35 minutes in: 147.13 US-$ + +40 minutes in: 147.13 US-$ + +45 minutes in: 147.13 US-$ + +50 minutes in: 147.13 US-$ + +55 minutes in: 147.13 US-$ + +60 minutes in: 147.13 US-$ + +65 minutes in: 147.13 US-$ + +70 minutes in: 148.40 US-$ + +75 minutes in: 148.77 US-$ + +80 minutes in: 147.92 US-$ + +85 minutes in: 148.77 US-$ + +90 minutes in: 148.59 US-$ + +95 minutes in: 148.59 US-$ + +100 minutes in: 148.77 US-$ + +105 minutes in: 148.71 US-$ + +110 minutes in: 148.71 US-$ + +115 minutes in: 148.71 US-$ + +The US pre-market is about to open so that's it for the day 🇺🇸 +Busy day at work today, sorry for being inconsistent. +I'll see you all again tomorrow! 👋 +Let's give 'em hell! +This popped up in Firefox pocket, and I found it interesting. Especially, the part he talked about FIRE and I can relate to the money anxiety. I have more money than I ever had in my life, and I am more anxious now about money than any other time too. I am working with a professional on this. + +But I wanted to see this sub's views on this: https://moretothat.com/the-nothingness-of-money/ +Hey guys. I have been learning to trade for over a year now, and results have been.. minimal. I’m not as consistent as I want to be. I put in over 40hrs a week of screen time probably as well on average. + +I know I am learning every day, and I keep a log of what I learned every week as well. My risk management is most likely my largest strength. I never let a loser go past my stop loss, and I let winners ride. I like my strategy as my setups are very objective to fit my personality style. + +But idk… sometimes I have a day like yesterday where my edge hasn’t been present (large caps) and I .. just go off the rails. I doubt myself and my strategy and start to get crazy thinking I’m doing something wrong and it gets extremely overwhelming. Even to the point where I start to switch up parts of my strategy. It’s hard seeing people take multiple trades a day when I’m not even taking 1. + +Can anyone who has felt the same way some point in their trading careers shed some light on what they may have done to overcome this? I’m sure I’m not the only one. + +Thanks in advance for any help ❤️ +Hey guys. I have been learning to trade for over a year now, and results have been.. minimal. I’m not as consistent as I want to be. I put in over 40hrs a week of screen time probably as well on average. + +I know I am learning every day, and I keep a log of what I learned every week as well. My risk management is most likely my largest strength. I never let a loser go past my stop loss, and I let winners ride. I like my strategy as my setups are very objective to fit my personality style. + +But idk… sometimes I have a day like yesterday where my edge hasn’t been present (large caps) and I .. just go off the rails. I doubt myself and my strategy and start to get crazy thinking I’m doing something wrong and it gets extremely overwhelming. Even to the point where I start to switch up parts of my strategy. It’s hard seeing people take multiple trades a day when I’m not even taking 1. + +Can anyone who has felt the same way some point in their trading careers shed some light on what they may have done to overcome this? I’m sure I’m not the only one. + +Thanks in advance for any help ❤️ +https://www.geekwire.com/2018/check-no-checkout-amazon-go-automated-retail-store-will-finally-open-public-monday/ + +It'll be interesting to see the public feedback on Monday--both from customers and potential investors. + + +Hey guys, +First of all, I want to thank every single person that interacted with my last post https://www.reddit.com/r/UKPersonalFinance/comments/72433b/i_fcked_up_so_bad/. Apart from one or two animal hating folk. + +So, I took pretty much everyone's advice and wanted to give you all a quick update on my situation. + +- I've applied for over 100 jobs over the last few days. Have scheduled 7 interviews over the next week or so. If they all fail, a recruitment agency has promised me temp work to tide me over. + +- I used http://entitledto.co.uk/ and found out what benefits I was entitled to. Had a reassessment on my tax credits, they've agreed to provide benefits until I have a job and will be reassessed on that wage. I just out right called them, opened a vein and bled down the phone. + +- I called my landlord and explained the situation. We've lived here for two years now, caused no issues and is willing to let me miss this month's rent as long as I get a job and sign a new 12 month contract by the end of October. (Fine by me, we weren't planning on moving until we saved up for our own house which is at least 45 years from now.) + +- My council tax is now spread over 12 months not 10, reducing my bill each month. They've allowed me to defer next month, which has pretty much made it the same cost but it helps a lot. + +- My gas and electric is really high, I called them and they said I set the direct debit up so long ago I was in credit by several hundred pounds. They will cancel the DD and I won't pay again until next year. + +- All debt has been reduced to minimum payments for the time being. Reducing my outgoing debt to £121 a month rather than £427. + +- Money on the weekly food delivery from Tesco has been cut in half. We've set a food plan to bulk make meals. We're vegan and are utilising the local greengrocers rather than Tesco. + +- We tried my son on a bottle of expressed breast milk again. Not only did he take it for the first time ever but has continued to take it from me for the last 4 feeds. Not only can my wife now apply for work also but I've never bonded with him more since he was born in January. She has an interview for a part time jobs as a receptionist on Monday. + +- My wife has said she'd contact ACAS regarding her previous employer. + +- My cat, Buddy, is still in the vets. He's recovering and should survive. The vets have also agreed to do a direct payment to my insurance so I don't have to front the cost saving me now £850, increased following another nights stay and an ultrasound) + +- I went to the doctors and they've prescribed me beta blockers to deal with the stress and anxiety. + +Basically, I'm still up shit creek and need to find a job asap but god damn has the pressure been relieved for now. I no longer feel like I'm suffocating. I have 4 weeks to find a new job and not 4 days. Which I think I will achieve. + +It's the first time I've ever really reached out to anyone other than immediate family, Everyone's help has given me a clearer perspective, a chance to re-evaluate my situation. When not focusing on my internal suffering it has given me the chance today to focus on externally what really matters; I had the chance to appreciate the drawing my eldest son did for me at nursery tpday, the first tooth that broke out on my little baby boy last week and how beautiful my wife gets with each day. + +So I just want to thank each and everyone of you that helped. I'll make sure to pass it on. +My parents have been together 40 years and are still together...for now. + +Dad has mental health issues (has since I was a child) and has been increasing losing the plot over the last few years. In January he decided that he was going to move to QLD for a while to get away from everything. 'get help' etc. He took $2000 in cash and one of the cars and gave my mum the card to their joint account and changed the online passwords so only she has access to them. Since then has asked for more money because lo and behold getting a job wasn't as easy as he was expecting. (and I think to hide his other spending but we'll get to that). + +His mental health declined and as we know it he is currently being taken care of by a mental health organisation. I don't know the details with that. He seems to be very forth coming about everything yet my mum hasn't actually talked to anyone else other than my dad and has been taking his word for it. (A red flag I know). + +My mums generally a smart woman but she's also way too trusting for her own good (And my dad knows exactly how to manipulate her). He's been the one to control the money for most of their marriage. Since he's been in QLD and she's had access to their main joint account she has been organising and understanding exactly what money is going where. But the only thing she knew about their mortgage was that it get deducted from their supers. Like a set and forget thing. However she started looking into it because she didn't know where the house and contents insurance was coming from as all other direct deposits were coming from the joint account. The insurers told her it whas coming out of an AMP account. Last night she found the last AMP statement between August and December... + +What it looks likes theres $2000 coming into the offset every month (I'm assuming thats from super), then \~$1200 gets taken out for mortgage and insurance. There SHOULD be \~$800 left in there every month to build up but what he's been doing is spending that and then taking more out of the mortgage when as he needs it. This would be spent at the pub/pokies. (He would spend hours upon hours at the pub several nights a week it was a massive tension in their relationship) He would also take money out of their joint account but only $100 here or there- I'm assuming to trick mum into thinking he's only taking that much. Over the 5 months from Aug to Dec it totalled just under $12,000. This is purely money taken out at the pub, we didn't add up anything else. One night alone was $1000. + +I found out that this wasn't the first time she had caught up to this massive spending, the year before he spent $9000 in 6 months. Why mum didn't immediately take his card away I don't know, but then again he knows exactly how to play her and probably bullshitted his way through until she believed him he would stop. At this time they created a new joint account with a seperate bank and moved their wages into it. She had access to this and therefore thought she knew exactly where the money was going but of course didn't realise he was still secretly siphoning money out the mortgage. + +The problem is now, he still has the card to that account and so far we don't know if he has been using it since he got up there. Mum was calling the bank today to try find out, looks like he changed the online password from what she had recorded down so we haven't been able to get online either. She obviously doesn't want to let him know we know otherwise he might a) panic and take a shit ton of money out or b) it'll be the finally nail in the coffin for him to do something serious (He's on suicide watch). The statement came in a week before he 'randomly' decided to go to QLD. A lot of things that he has done in the past are starting to make sense now. + +So I don't have any experience with joint accounts OR a mortgage... what can she do to from here? What's the best move from a financial point of view? Can she freeze the offset account for now or would that mess up the mortgage repayments? + +She's 65 years old still working full time and has worked so hard her whole life, never once loosing a job, never once spent money unnecessarily. Dad on the other hand has lost many job and spends money like it's no mans business. It looks like the mortgage has barely gone down in the 15 years they've had the house. + +**TL;DR** Dad's been taking money from my parents mortgage to fund his gambling addiction, now he's in another state still with access to the account. What can mum do to stop him taking potentially any more money out? I wrote this in a rush, sorry if it's jumbled. + +&#x200B; + +EDIT: Thanks for those that have been helpful. So far the consensus is to contact the banks (obviously we'll do that) and get a lawyer. Banks are the easier bit, but I know mentioning a lawyer is going to freak mum out. I can see her practically falling apart since he left in January and I'm doing everything I can to be there and support her (Should I mention I'm also 6 months pregnant with my first child while studying full time so there's a lot going on atm). She's a literal angel on this earth and has not deserved a second of any of the stress he has caused her over the years. It breaks my heart. + +**Realistically is a lawyer going to just drain out all the money she has left? I have no idea how the system works other than it's going to cost money. Money she already doesn't have much left of**. +Is it possible to legally setup an identity/entity separate from ones existing PAN through which one can carry out investments? The ownership of the identity/entity can be legally linked to the one opening it i.e. it isn’t anonymous. The idea is to maintain separate streams of investment transactions with separate identities. One such option appears to be setting up a ‘One Person Company’. +Holy fucking shit guys. + +Just holy fucking shit. + +If the etoro numbers are correct, and there's 1.3b shares among 90 million shareholders. + +And the hedgies need to buy back to a GENEROUS 40m + +All it will take is.... + +Half of all holders keeping 1 share in the infinity pool. + +And the squeeze will never end. + +What the ever loving fuck. + +10m is not a joke. It's not even close. + +&#x200B; + +&#x200B; + +&#x200B; + +Edit2 ok getting some flak that etoro number is not right? + +edit sauce for tendie dipping + +[https://www.reddit.com/r/Superstonk/comments/np4wwu/etoro\_got\_their\_15\_of\_all\_gme\_holder\_straight/](https://www.reddit.com/r/Superstonk/comments/np4wwu/etoro_got_their_15_of_all_gme_holder_straight/) + +In short etoro customer service confirmed etoro has 1.5% of all GME shareholders. + +Etoro announced they have just over 20m investors, and 6.71% of their investors own GME. + +20m\*6.71% = 1.34m GME investors on Etoro + +1.34 / 1.5% = 89M GME investors total + +Nordnet data suggests an average of 14.5 shares per investor on their platform. + +For a total estimate of 1.29 billion shares + +Also for the nordnet [https://www.reddit.com/r/Superstonk/comments/nnngl6/update\_dd\_i\_did\_the\_math\_latest\_nordnet\_and/](https://www.reddit.com/r/Superstonk/comments/nnngl6/update_dd_i_did_the_math_latest_nordnet_and/) +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! +Is anyone here trading 100k positions on AAPL? I am wondering because I have recently been informed I am to inherit 100k, and want to start day trading larger positions to earn faster profits on a large volume stock like AAPL, which I am also bullish on. + +I understand this is a lack of diversification which would certainly hurt my potential profits. Although I am cutting my losses at around 0.05-0.01%. + +In 2 days, I have earned $1700 from trading AAPL on thinkorswim paper money. (I am using paper money to practice my trading, as I only have 1 year of experience trading a small account of less than $10,000.) + +For those who are trading larger positions, do you have any advice for someone like myself? I really appreciate any feedback you can provide. How can I best trade $100k so that I can maximize profits and not slash my capital in half by taking major losses? +I'm new to trying to understand my finances so an explanation of the the impact of rising interest rates on a personal, national and long-term level would be appreciated! How does this affect savings and mortgages for example? + +I‘m glad to see many young men now into looking after their skin, too. Good for you guys! My generation not so much. + + I’m over 63 but most of the time mistaken for 48-50. As I age, looking after my skin is increasingly becoming more of a necessity rather than a luxury. On a tight budget, I do my skin routine inexpensively. + +1. To moisturize my face, neck and body, I exfoliate with olive oil and fine salt. They are other things you can use. Others I’ve known use sugar instead of salt. This simple, natural exfoliation cleanses the skin and tightens it, too. + +I massage them into my skin gently while I watch my favourite show on tele. I do this once a month. I should probably do it more often, but I can’t be bothered - yet. + +2. I don’t use anything on my skin in the shower except goat milks soap. Goat milk is effective in dealing with any skin problems and irritations. + +3. I have very dry skin, especially in the arms and legs. What works for me is Dermal Hand Balm. Not as expensive than those “infused with coconut butter.” Those, I find, are too greasy yet don’t keep my skin hydrated. + +4. The cheapest skin care I use everyday is a hat. Please have a hat for every occasion and every season. Don’t underestimate cloudy days. + +5. I don’t use cosmetics or make-up so this is a massive saving. Some women I know have a budget of between $300-$500 a month on lotions and potions. I do believe in sunscreens. I buy Oil of Olay with sunscreen protection when it’s on sale. + +6. I would love to have regular spa days, but theyre unaffordable for me, so I do them twice a year. January and June. But it’s more for relaxation and mental health rather than skin care. Let’s be realistic, such infrequent LED therapy will not lead to much. + +What are your pro tips on saving on skin care? +I am married with a wife who is on board with the FI mentality. She is aware of our savings goals and what we have as far as retirement accounts, but she is very hands-off. + +I manage her work sponsored retirement plan as well as our Roths, mortgage, etc. She knows these things exist but does not take an active interest in any of it. + +Instead of randomly talking to her about it, I have decided that I am going to do a year end presentation for her of our financial status (retirement growth, mortgage, etc.) so that she gets a snapshot of where we are once every year. I got the idea from someone mentioning it on this sub. + +Question for my fellow FIers: Do any of you do this already? What exactly do you put on there? Anyone have a template that really dumbs it down to what someone who isn't into all the nitty gritty would be excited to see? + +Edit: Thanks for all the responses. I just want to say that she does know all the information in case of my death, we have a hardcopy on a safe with all the account infos, and we are each listed as the beneficiary on everything. We also make all major financial decisions and budgeting as a team through our joint checking account. Mainly what I manage is, what our funds are invested in, trying to optimize budget items so we can increase savings rate, things like that. + +I think after hearing all the responses I will just keep it simple and tell her maybe every 3 months that + +* Our total NW is $x +* If we stay the course we can retire in x years + +I understand that becoming an Economist is a very difficult venture as there is a scarce amount of positions available. However, I recently graduated with my Economics Bachelor’s degree and am interested in furthering my education with a Masters. + +How do I take the journey of becoming an Economist, and is it possible to become one with only a Masters? Does alma mater have an impact? How do I get involved in research? Thank you. +Hi everyone, looking for some advice/strategy to implement across the next 5 years. Through a lot of hard work and budgeting, my SO and I have a paid for starter home (200K) and stable jobs, hoping to either use the equity to invest in a family home or potentially an equivalent lower-priced rental property. + +Having a difficult time deciding between focusing on our eventual family home or to shelve that for another 5-7 years or so in favor of investing in a rental property. + +Any thoughts or suggestions welcome! + +Edit: I think I phrased it a bit poorly. Our home now is sufficient for the foreseeable future (4 years), but looking to move up size wise in the future. Looking for opinions whether to move up now or make strategic decisions in the meantime. Thank you all! + +There are always life lessons you learn after making adult decisions (ie buying your first car). What is something you learned after the fact that would have benefited you during the process of buying your first home/land +I live in a small town of about 15,000 in a rural state. Single family homes can be had for 75,000 in very liveable condition. Older homes often go for 50 dollars a square foot. I can not relocate. I have half a million dollars cash to invest. + +I am considering investing some or all of this money in rental residential real estate. I intend to hold the investments unless the market for houses turns up. I think I can return 10+% on each purchase. I am running deals through calculators obtained by this and other subreddits and cap rates of 10 aren’t uncommon. Cash on cash returns could be further raised by leverage. I am able to estimate costs fairly easily. + +Here’s how I see the situation: + +Upsides: I’m an attorney and can vet tenants and evict them if necessary without a lot of cost other than my time. Tax advantages are obvious and I have very few write offs currently. The deals are easy for my to understand. I have access to better deals because I can pay cash, buy foreclosures at courthouse, buy estate sale homes, etc. Cash flow seems fine even if I allocate a lot to repairs and maintenance. + +Downsides: This area has no population growth and I think the chance of appreciation is low. The houses will appreciate at the rate of inflation if I am lucky. This is a big bet on the local economy which relies on oil and gas and governmental employment. If prices plummet I am exposed. + +Anyone have experience investing in a not-so-hot market? What am I not considering? +https://www.bloomberg.com/news/articles/2019-04-14/trump-slams-fed-again-says-stocks-should-be-5-000-10-000-higher + +Says interest rate hikes have prevented GDP topping 4 percent + +President has nominated two loyalists to fill empty Fed seats +With another black-swan in crypto and another leg down, this time due to FTX. We are now officially in the second-longest bear market ever, an achievement I do not know whether we should be proud of. Especially as with the current sentiment globally, this could very well be the most brutal and longest bear market. + +Firstly, what is a bear market and how to define it? A bear market is basically a long period where the price remains significantly below the recent ATH. There is no fixed negative percentage to define one (stock markets use 20%) and its measured from ATH to the bear market low. + +&#x200B; + +[LOG chart of BTC on TradingView](https://preview.redd.it/si7yub35ob2a1.png?width=2200&format=png&auto=webp&s=d265a1cc7d06d3f19e335541faaaeab04739c751) + +As we can now see that we are indeed longer in a bear market than during the 2018 “crypto winter“, even if we have hit our bottom right now (which is highly unlikely). + +To become the greatest crypto bear market we are not too dar off either, the 2013-2015 bear market took 415 days, which would put us in early January which is very likely to still be in a bear market. + +So be happy as you can soon call yourself a survivor of the most brutal and most long crypto bear market in history and that is not easy. Millions of people left the markets and we are truly the last ones standing. For coming this far and possibly even further, you all deserve a pat on your back. Well Done! +A lot can happen over the cycle of a traders learning experience. One of the most damaging ive experienced is the blaming myself when I get it wrong. Im an engineer working to become a full time trader. Im studying everything I can and starting to see some progress. It can seem im horrible at everything when im trading in a draw down. +"I suck at sports" "Im terrible at my job" "No one will ever care" "I will never matter". + +My wife even asked me the other day, "why do you do that to yourself?" The answer dear is that hope to be good at something and it's fun to feel yourself getting better. + +Trade the trade, not your issues. + +Those things we tell are self are very dangerous lies too harshly. In time we will make it if we put in the effort to get better. + +You can be the guy getting it right eventually. + +Also CRSP to infinity and beyond! +Don’t know how to post pictures on mobile lol but I reached a goal of receiving on average a dollar a day. Want to reach 15k invested by June. Wish me luck. +So, I am 22, I live in Spain, I've been working for 2 years now, even since I started to work I began to save half of my salary (Initial idea was save in order to study, even tho I don't really know what to do with that money now) + +I make about 1200 euros/month, I save 600 every month. I have +/- 5k euros at the moment in my pocket. + +Thing is, every single month I realize that some extra money wouldn't be bad... At all. I'm quite into cryptocurrencies as a long-term invest, but I'd like to know some profitable invests I could make in short-term + what should I do with my 5k savings in order to make some profit. +According to their website ([https://www.tradestation-international.com/global/](https://www.tradestation-international.com/global/)) footnote: + +&#x200B; + +> **At present, the TradeStation Global product is not available to EU residents** + +&#x200B; + +I'm launching a complain with the Financial Ombudsman of the UK before January 1st 2021, because I've been asking them for clarifications and I was unable to talk with anyone for almost two months now. + +Edit: seems like u/rauderG has managed to reach them and he gave out some very good answers to my concerns. Check it out in the comments. +Basically title. + +There's a lot of marketing material available out there on "why SIP" and dollar cost averaging, but the thing that I'm curious about is why would somebody bother with an STP over transferring money from the most liquid source of them all, the humble bank account using an SIP? + +I tried searching for "benefits of STP" on both this sub and in the sub's wiki but couldn't find anything so thought I should post a thread for others who might try to use the search features of Reddit to answer this question. + +As I understand it, a common strategy was to put money into an ultra-short term debt fund as a lumpsum and then do an STP to the equity fund but as a famous incident from last year has shown us, a UST has comparatively much higher liquidity risk than a liquid fund and was that to kick in, it would hurt your long term investment goals altogether and not just a part of the portfolio since a long term debt investment (was liquidity risk to kick in and your funds were to get locked for over a year) was never part of the plan. + +So if the only "safe" option for an STP is from a liquid fund to something else but liquid funds for the foreseeable future have same ROI (\~3%) as a bank account, why would one not always SIP instead of STP? Are there any other advantages of STP? +Hey Apes, Crux here. You may be familiar with the digging I've previously presented, trying to untangle the web of Ken Griffin’s Citadel Empire using public records. See my post history. + +I’ve seen a lot of posts over the last few days about the liquidation of Citadel Europe LLP, how it relates to the $600M loan Citadel just received, etc. + +This post aims to provide some clarification on the Citadel Europe situation and my perspective of what is going on. If someone has already posted about what all these filings mean my apologies, I have missed it. + +# TLDR + +* Citadel Europe LLP was part of the hedge fund arm of Citadel - Citadel *Advisors* LLC. +* Citadel Advisors has been restructuring its European organization, and the liquidation of Citadel Europe LLP has been in the works for some time. +* The $600M loan Citadel recently received was for Citadel *Securities*, the market maker arm of Citadel. +* Notifications of Citadel Securities’ use of their securities as collateral for this loan have been publicly filed in the UK by the lenders. +* Ken Griffin *does* have his hand in UK politics - not with the Royal Family or Queen (RIP) - but with the UK Parliament’s House of Lords and a connection to former Prime Minister Boris Johnson. + +# 1. Structure of the Citadel hedge fund business Citadel Advisors LLC + +Citadel Advisors LLC is the main entity running the Citadel hedge fund / investment advisory services. Under Citadel Advisors LLC are several affiliate companies: + +* Citadel Advisors Europe Limited +* Citadel Asia Limited +* Citadel Sweden Ltd. +* Citadel France SAS +* Citadel Advisors Singapore Pte. Limited + +This is spelled out in their Form ADV Brochure dated as of December 31, 2021 here: [https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd\_iapd\_Brochure.aspx?BRCHR\_VRSN\_ID=776245](https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=776245) + +https://preview.redd.it/npyoik3wgwm91.png?width=655&format=png&auto=webp&s=cdedca3924955f236561f9fa532040324f2ed608 + +Together Citadel Advisors LLC and its affiliates provide these advisory services through different funds, which are the names you may have seen like Citadel Wellington, Citadel Kensington, etc. + +Notice anything in the list of affiliates above? Citadel Europe LLP, [the entity which just declared insolvency and was liquidated](https://find-and-update.company-information.service.gov.uk/company/OC340922/filing-history), is not included. That link to the filing history shows the appointment of a voluntary liquidator on August 8, 2022 and on January 4, 2022, numerous persons with significant control were removed from Citadel Europe LLC. + +https://preview.redd.it/2ahvkgoxgwm91.png?width=979&format=png&auto=webp&s=88118cd2228c71a7a9c2c6e2af493c0505482632 + +As the Citadel Advisors LLC filing says, Citadel Advisors Europe Limited is their affiliate. They were previously known as Citadel Management (Europe) Limited and Citadel Hedge Fund Services (Europe) Limited. You can see their filing history here: [https://find-and-update.company-information.service.gov.uk/company/10930267/filing-history](https://find-and-update.company-information.service.gov.uk/company/10930267/filing-history) + +So the insolvency of Citadel Europe LLP is, IMO, much ado about nothing. It appears prior to December 31, 2021 that Citadel Advisors Europe Limited was now the relevant entity, and that Citadel Europe LLP was on the way out. I speculate that they are doing this to change from an LLP to LLC, but who knows. + +# 2. Citadel Securities $600M Loan + +Citadel Securities is the market making arm of the Citadel Empire. Their structure is a bit more complex, but apes have pointed out the “Registration of charge” filings recently made to a number of UK-registered Citadel entities. + +Let’s look at Citadel Securities (Europe) Limited. Filing history: [https://find-and-update.company-information.service.gov.uk/company/05462867/filing-history](https://find-and-update.company-information.service.gov.uk/company/05462867/filing-history) + +The “full accounts” filed September 25, 2021 (as of December 31, 2020) describes some of the structure: + +https://preview.redd.it/vbpejoe0hwm91.png?width=422&format=png&auto=webp&s=8c44e4f1427e0c09f9d690dd4cf66f8beae928a9 + +A series of “Registration of charge” filings were made for Citadel Securities (Europe) Limited. + +https://preview.redd.it/kkh093l1hwm91.png?width=932&format=png&auto=webp&s=c1189b961491452447e7b5cf9553a8fc774d6b23 + +These are partial ISDA Master Agreements made between Citadel Securities (Europe) Limited and a variety of banks, in this example a Bank of America European entity. + +https://preview.redd.it/qvwd4iq2hwm91.png?width=556&format=png&auto=webp&s=751d5760115f8084e823819af89087d8f9f7958b + +ISDA Master Agreements are standard agreements for use between two parties, with more specific lists of collateral/terms (none of which are attached here). + +https://preview.redd.it/fvxw22o3hwm91.png?width=717&format=png&auto=webp&s=a74ac6a8993c865262fecf2d38883ed80372b0db + +They are very similar to the UCC filings I described in [my post earlier this year which showed Citadel was receiving financing from BNY Mellon and Mizuho Securities](https://www.reddit.com/r/Superstonk/comments/sx93rm/further_evidence_citadel_is_in_trouble_public/). + +Other lenders who filed registration of charges include Merrill Lynch (part of BofA), HSBC, Goldman Sachs, Barclays, Citibank, Morgan Stanley, and JP Morgan. + +Citadel Securities Finance (UK) Limited is another entity which has received several registration of charges: [https://find-and-update.company-information.service.gov.uk/company/11966286/filing-history](https://find-and-update.company-information.service.gov.uk/company/11966286/filing-history) + +I have not taken the time to see if new UCC filings were made across the United States related to this loan deal for the domiciled Citadel Securities entities. + +I believe Citadel Securities received their $600M loan from the group of lenders list above, who all filed these charges so they have a claim on whatever collateral Citadel Securities provided for the loan. + +# 3. Ken Griffin and UK politics + +I also wanted to highlight a [prior post of mine related to Ken Griffin’s influence on UK politics](https://www.reddit.com/r/Superstonk/comments/s9h488/buying_political_influence_in_the_uk_evidence/). Griffin, through an entity named Dalbini Limited, effectively gave 1 million pounds to a member of the UK’s Parliament, the Lord Howard of Rising. + +Subsequent to this post more information about one of Griffin and Lord Howard’s business associates, Sir Lynton Crosby, has come to light. + +First, it was revealed in June that Crosby had been attending Prime Minister Boris Johnson’s daily morning meetings: [https://www.theguardian.com/politics/2022/jun/17/election-guru-lynton-crosby-attending-pms-morning-meetings](https://www.theguardian.com/politics/2022/jun/17/election-guru-lynton-crosby-attending-pms-morning-meetings) + +Then, Clare Rewcastle-Brown, an investigative reporter who uncovered the 1MDB scandal, found out that Crosby has been working on a plot to “pack the House of Lords” to push through controversial legislation: [https://www.sarawakreport.org/2022/07/project-homer-how-sir-lynton-crosby-crafted-a-plot-for-boris-johnson-to-pack-the-house-of-lords/](https://www.sarawakreport.org/2022/07/project-homer-how-sir-lynton-crosby-crafted-a-plot-for-boris-johnson-to-pack-the-house-of-lords/) + +Nothing about Ken Griffin’s involvement in UK politics has come to light, but this is the kind of company he keeps (figuratively and literally, see my post on Dalbini Limited). + +That’s all for now, hopefully you have found this informative. + +# TLDR + +* Citadel Europe LLP was part of the hedge fund arm of Citadel - Citadel *Advisors* LLC. +* Citadel *Advisors* has been restructuring its European organization, and the liquidation of Citadel Europe LLP has been in the works for some time. +* The $600M loan Citadel recently received was for Citadel Securities, the market maker arm of Citadel. +* Notifications of Citadel Securities’ use of their securities as collateral for this loan have been publicly filed in the UK by the lenders. +* Ken Griffin *does* have his hand in UK politics - not with the Royal Family or Queen (RIP) - but with the UK Parliament’s House of Lords and a connection to former Prime Minister Boris Johnson. +On March 11, the NBA announced they would suspend the season. Within a week, the other major sports had followed and the airliners, entertainment industry, retailers and others began closing down. + +Number of confirmed cases in the US when the NBA shut down: 1,300 +Deaths: 38 + +Unless a majority of the US population is immune (antibodies or vaccinated), why would it make sense to open up the economy again before the numbers are lower than that? Wouldn´t it just unleash the same spread of the virus again? + +May or even June seems way too optimistic for a reopening of the economy. +60 Minutes episode tonight was about the decline of local newspapers (gazettes, tribunes and journals) due in part to ruthless hedge funds buying them up. + +Hedge fund, Alden Global Capital, has been called a "vulture," bleeding newspapers dry. This secretive hedge fund — their website shows a single photo — started building its print empire over the last decade and now owns more than 200 newspapers, making it the country's second largest newspaper owner behind Gannett. + +Alden has sort of a playbook of going into a distressed newsroom and selling off the real estate and property, equipment, things like that and immediately fire 50% or more employees. + +Leaked company financials show in 2017 Alden built in profit margins as high as 30% at certain papers– more than double industry standard. In recent filings the New York Times company reported 10% profit margins. + +Alden's rapid takeover and cuts have alarmed U.S. lawmakers.  In 2019, 21 senators wrote to Heath Freeman, Alden's owner, asking him to abandon his "newspaper-killing business model." + +Greedy hedge fund. Hedge funds own the news' narrative as well. But we knew that. + +Here's the story: [https://www.cbsnews.com/news/local-news-financial-firms-60-minutes-video-2022-02-27/ ](https://www.cbsnews.com/news/local-news-financial-firms-60-minutes-video-2022-02-27/ ) +A lot of you need to understand earning calls are not about MOASS they are about Gamestop! This is a business... + +Earnings are about the result and future developments of Gamestop and that's what you should forward to. + +The assumption all their work on NFT's is just for a dividend it way to shareholder centric IMO. + +I believe they will revolutionize the gaming industry and maybe collectibles with this and it makes much more sense than a dividend. + +MOASS is guaranteed if we buy and hold now let's focus on the business itself! + +EDIT: + +It seems downvote bots are in full force and don't like discussions about GME being an actual good long term hold and business... +If you disagree, downvoted and you're not a bot please explain in the comments below. +So I've noticed that over the past 5 months, my credit score has been on the decline. It has gone from 789 to 745. I always pay my bills on time. After looking over my report, I've come to the conclusion that since I am not paying on my federal student loans (they're deferred, so I'm not required to,) the interest keeps adding on and the balances are going up. +I am 29yo. My car is paid off and in good condition. I do not plan on buying a house any time soon. Should I continue to do what I am doing (using extra funds to pay off credit card balances which have high interest rates)? Or should I start putting some of that money towards the loans to get my excellent credit score back? + +Thank you in advance! +u/econoar had a great [suggestion](/r/ethtrader/comments/a5dgkm/an_ethhub_page_for_the_ethereum_community_to_work/) to collaborate on a response to the CFTCs questions in their [Request for Input](https://www.cftc.gov/sites/default/files/2018-12/federalregister121118.pdf). You can contribute to [that document on github](https://github.com/ethhub-io/ethhub/blob/master/other/ethhub-cftc-response.md). + +I am also posting the questions here for those who are unfamiliar with github or may not have an account there but would like to contribute answers. **Top level comments are reserved for the questions**. Please supply answers as sub-comments. Please tag top level comments that are not CFTC questions as spam so they can be removed. + +There may be donuts involved. Let's see how this goes - just an experiment! Thanks u/econoar for suggesting community collaboration on this. + +[You can vote for this post to be stickied or not.](/r/ethtrader/comments/a5ihbw/remove_answers_to_cftc_sticky/) +Maybe it helps someone else with his struggles, or just brings a smile to your face. For about 2 weeks, I have been experimenting with python and bitcoin bots, aggregating different data, backtesting various strategies and so on. It became always more complex without netting results. So I read somewhere 'keep it simple, buy when 9MA crosses 60MA' - so I wanted to try that out. + +My strategy is as follows: + +`Calculate 6EMA and 60EMA.` +`When 6EMA > 60EMA: decisioncount: 1` +`When 60EMA < 6EMA: decisioncount: -1` +`When average of last 5 decisions > 0: buy` +`When average of last 5 decisions < 0: sell` + + +I'm starting to realize that there might be no money in this but it's a fun topic and I learned a lot about python, bitcoin, exchanges and so on. + +With what strategies did you start and where did it lead you? What did save you from the frustration and keep on going? +I'm speaking within the context of the US or any comparable nation I suppose. Many people, particularly on the political left, cite income inequality as a grave and growing threat. Are there any economic reasons to agree or disagree? And if so, what causes this inequality? +In a finite world, assuming that every state acts rationally and optimally, can every state grow together economically under the current global economic system? Like can all states get rich together? Will there not be a state that will be left behind? +I’ve started studying economics, I don’t have reach to teachers or instructors. I’m studying Adam Smith’s “The Wealth of Nations” and in Book 1, Chapter V, Paragraph 9, it is written: + +“In this popular sense, therefore, labour, like commodities, may be said to have a real and a nominal price. Its real price may be said to consist in the quantity of the necessaries and conveniences of life which are given for it; its nominal price, in the quantity of money. The labourer is rich or poor, is well or ill-rewarded, in proportion to the real, not to the nominal price of his labour.” + +Can someone explain me what is meant by real and nominal price? I’m also getting a little trouble in understanding how the necessary and conveniences of life can be a measure for labour when there exists money for it. + +Thank you. +If I were to go into the field of economics would it be possible to approach it in a way that isn't completely influenced and oriented to capitalism? It seems like a fait accompli that trained economists become capitalists, and that seems to me like it could cause flaws in the overall quality of literature it produces. Is there a field of economics dedicated to examining how it is and isn't influenced by the status quo structure of the economy? +What I’m trying to ask is if we could maintain our current standard of living if developing countries had the same level as, let’s say, the US or the EU? +I'm taking Econ 101: principle of microeconomics this semester, and I've reached the chapter that talks about elasticity. And I have to say that it is overwhelming a bit. Is this a normal thought after taking it or I'm dumb? +I see a lot of people saying "I moved everything to ETFs" or "I sold all my stocks and have pillows for my couch now with all the cash". + +Am I crazy that I am going to buy some on the dip and just hold? Shit sucks right now, but fundamentally, companies falling haven't had their future change. + +My big holdings: BRK.B, AAPL, SQ, BABA, DIS, MSFT, CRM, BA, SBUX, MCD, NVDA, CVS, UBER, QQQ, SPY, MGK, VTV, DSTL, VIG, SPYD, VUG, VXUS, VNQ. +#TL;DR: (from the last 3 paragraphs below: + +>However, an indirect approach tends to weaken the path of least resistance before slowly overcoming it. The most effective way is long-term investors slowly accumulating and holding thus drawing the MMs out of its defenses making them as naked as their short position. This is war so this slow accumulation and holding for the long term easily achieves the desired effect to force MMs to cover and knock off the tactics or bury themselves deeper. + +>The MMs when caught will especially use every trick and tactic in the book to get a Bear Raid thus playing on the individual fear of most people. The MMs feel they have information and position advantages over the investors as long as the holding of the stock is in weak hands or short term holders. Since they are OTC BB MMs who believe all OTCBB companies are not worth investing and management is ineffective regardless what is happening within the company.Furthermore, MMs know they are in the position to impose a great deal of influence in OTC BB stocks trading when it suits their needs. + +>This inherent power of position enables the MMs to move the markets at any time up or down. As a result, the only way to draw them out of their favorable position is going long. Now this does not mean just any company but to effectively nail the MMs, Longs must find the great company on the floor and accumulate long before the MM tactics and games begin. + +***Hmmm…is it just me, or did we, a bunch of independent, rando investors, find a great not-just-any company in GameStop (that has a blindingly bright very-near-future), and a great DeepFuckingValue stock in GME that we all just happen to independently like?*** + +# = = = = = = = = = + + +Hey, apes. The post below was made over 8 years ago in another sub. + +It was reposted here a couple times almost a year ago, but since then MANY new GME apes have joined who’ve never seen it but ABSOLUTELY should, and I think all of us that have seen it would really benefit from taking another read through. + +Cheers, and I’ll see you all on Monday! +-E2 + +P.S. MOASS is TOMORROW (yes, even on the weekends! ;) + +# = = = = = = = = = + +#Original post, word-for-word, begins below: + +# = = = = = = = = = + + + +Market Maker Speaks Out: Ways of a Market Maker + +Author: **Unknown** + +Date: **Unknown** + +Source: [link](https://archive.ph/0lPfa) + +_______ +>#Market Maker Speaks Out: Ways of a Market Maker +> +>I was an OTC MM for about 10 years ending in the late 80's. Since then I have been strictly an investor. Since I have not been that up to date in MM rules I will only make statements that I feel fairly confident are still accurate regarding these activities. By and large most MM don't have a clue nor do they care to learn, about the fundamentals of the stocks they trade. + +>They just try to make orderly markets. When dealing with BB stocks it is very easy for a MM to get trapped into being short in dealing in a fast moving market. Reason being; most of the MM's in this stock are what are called "wholesalers" this means they don't have retail brokers "working" the stocks. + +>So they have to rely on what's known as the "call" from larger retail houses. If a "Big" retail firm like an E-trade calls up a market maker to purchase say 5,000 shares of a stock, they expect to get an "execution" from that market maker. If he turns them down, or only gives a partial then the "Big" firm will go to another MM. + +>If this second MM "fills the order" then that "Big" firm has a moral obligation to continue to give future "business" in that stock to that MM who performed (his life blood). This will go on until he "fails" to perform and so on. + +>Contrary to popular opinion the "Big" firms Do NOT neccessarily go to the "Low Offer" to fill a buy order (Or high bid for a sell). They "Go" to who they think will perform to fill the order and expect that MM to "match" the "low offer" in the case of a buy (bid in the case of a sell). Even though this MM might in fact be the "high bid" and not really want to sell any more. + +>As a wholesaler he must perform or he will get a reputation as a "non-performer" with the "Big" houses and will cease getting "calls" which means he will soon go out of business. I mentioned above that this activity is very significant to BB stocks. I say this because most of the trades in these BB stocks are "unsolicited" and are done through discount houses. + +>With the above groundwork laid, let me try to explain how market makers get short even if they like the Company; Lets say that a stock (shell) has been lying quietly at $.25 bid $.50 offered. A limit order comes into one of the MM's to Buy at $.50 for a thousand shares. Prior to this trade that MM may be "flat" (neither long or short any shares). He fills the order and is now short 1,000 shares. He may raise his bid hoping to find a seller to "flatten" out his position. But before he realizes it a wave of buyers have come in and cleared out all the $.50 offers. Now the stock is $.50 bid .75 offered. Here comes that "Big" firm he just sold the 1,000 shares to at .50 with another bid for 1000 at .75. He makes this print. Now he is short 2,000 at an average of .625. The market keeps moving and now its .75 bid 1.00 offered. Now he has to make a decision. +> +>Just like investors, MM Hate to take a loss. So 9 times out of 10 he will now sell 2000 at 1.00 making him short 4000 but with an average .81. At this time he would love to see a seller at .75 so he can cover his short and make a few bucks. + +>But instead the market keeps moving up. Now it is 1.00 to 1.25 and here comes the buyer again at 1.25. He doesn't want to lose the call so now he needs to sell 4,000 at 1.25 to keep his break even point above the bid. Now he is short 8,000. Market moves up to 1.25 bid 1.50 offer here comes the buyer now he feels he must sell 8000 here because "stocks don't go up forever". +> +>Now he is short 16,000. And so on and so on. If the stock keeps moving up, before he realizes it he could be short 50k or 100k shares (depending how big his bank is). + +>Finally the market closes for the day and on paper he may look all right in that his "break even" price may be around the closing price. But now he has to figure out how to entice sellers so he can cover this short. It is important to note that if this happened to one MM it has probably happened to most all of them. + +>Some ways MM's entice sellers; Run the stock up with a "tight spread" in a fast market, then "open" up the spread to slow down the buying interest. After it has "cooled off" for a little while lower the offer below the last trade right after a small piece trades on the offer then tighten the spread so that the sellers feel they can take a "quick profit" by "hitting the bid" on the tight spread. + +>Once the selling starts the MM's will walk it down quickly by only making small prints on the way down with the tight spread. Another way is by running the stock up in the morning, averaging up their short then use the above technique to walk it down in the afternoon. + +>Hopefully after doing this for several days, it will demoralize the buyers. The volume will dry up and the sellers will materialize thinking that the game is over. + +>Contrary to popular opinion, MM usually Do Not Cover in Fast moving markets either Up or Down if they are short. They Short More. They usually try to cover after the frenzy is out of the market. There are many other techniques they use but the above are the most popular. + +>This technique works about 9 times out of 10 particularly in a BB market. However that is because 9 out of 10 BB stocks are BS. Remember what I said above. Most MM's don't have a clue as to the value of a Company until they get trapped. If the Company has solid fundementals and a bright future. Then the stock will do very well. And the activity that caused the situation will prove to even help the future stock activity because it created an audience." + +>**Market Maker's Operating Procedure** + +>The savvy long-term investors never chase stocks up. For the most part that is momentum players and daytraders where most of it or what follows is dumb money. Instead the long-term investors use a couple of simple strategies in order to position themselves. One is to find a stock no one immediately sees has huge potential and accumulate. Long-term investors are not interested in trading against the public mind or the dumb money. That's where the majority of the money can be made but even more can be made if the base of a stock is held extremely strong by investors. However the second is not to doubt the research which is the underlying basis for going long and holding. + +>More and more investors are winning the game nowadays despite all bashers that float through the Internet that has become part of the game. Floor traders of market makers often watch CNBC, news wires and bulletin boards in order to follow the market during trading session. OTC BB market makers (MMs) don't use fundamental and technical analysis. However, what they do realize is a lot of dumb money does use this newest nitch charting or TA (Technical Analysis) to run a stock either up or down. To the MMs this is like taking candy from a baby. Simply they will paint the tape and use whatever tactic to affect the charting bands. Thus the public and dumb money they will have eating out of their hands. Effectively the MMs can show a strong stock growing weak by manipulating the close price in order to generate selling volume, delaying trading time to manipulate trading activities, or even stalling the ask without honoring orders to hold a stock price. + +>MMs follow a simple code of business when making a market in a stock especially an OTC BB. That is the level that stocks will seek that yields the most volume. Now this is very important because they make money on the volume buying at the bid and selling at the ask. In other words, by making the market they are buying low and selling high. Now smart money adheres to that rule, so do all the market makers. They could careless whether the stock is at $83 or at $0.23. All they care about is the action thus being able to sell stock at the offer (The high) and buy stock at the bid (The low). To increase their profitability, they make the spread as great as possible on as many shares as they can especially if the volume falls off. + +>When they have mostly all "buy" orders, that's not the price that's going to yield the most volume. They need both buy and sells to get the maximum action. Remember, MMs play the volume. If the volume decreases and there are mostly Buys that become a one way volume, Buy volume. So what they do is let the stock run up to a price where it runs out of steam. They fill all the buy orders there that they can and then comes the pullback one way or another naturally or induced. During the pull back they can buy tons of shares and flip them to those averaging down or trying to catch the bounce. At some price, the stock will be relatively stable and yield the most volume. Now that is the average price you will see + +>The average price is the point where a stock seeks a level where MMs can profit on the most volume. So during the day that is the price that MMs and momentum/day traders want to see the stock at. Why? Because they know the public and dumb money was chasing the price thing up. Most of the time, the MMs love a flurry of Market Orders which is a dead sign of an artificial run or momentum. Merely it is money in the bank for them. Most get hung in a momentum or day trade or by the tactics of Market makers, who are in the business to screw the public every chance they get and the NASD is not going to do anything about it. They are merely making the market liquid is there reasoning. + +>The market makers have created an added complication to the OTCBB's chaos of the already volatile intra-day price movements created by dumb money, momentum and day-traders. MMs can not relate to long-term holders in the OTC BB. That makes absolutely no sense what so ever. They feel a large percentage of trades in the OTC BB market consist of short-term or day-trades, MMs merely view the barrage of buy and sell orders as relatively neutral to the market. How they figure it is when the average dumb money buys shares in a company, the MMs feel or rather know with some certainty it is very likely that dumb money will want to sell back those shares relatively quick on the slightest drop. + +>Now somewhat comfortable with this logic the MMs merely short sells into the buying and attempts to take the stock down in an effort to "shake out" the weak. Since it is tough to know for sure whether a move is the beginning of a trend, or a routine shake out, this type of deception works quite well for the MMs. What the long-termers do to a stock is surprise the MMs because instead of falling the shorting has no effect and the price goes up. Now that puts the MM at selling low through shorting and thus having to buy high in order to cover. + +>Boy, when this happens, the MMs are not very happy campers. The investors and traders are supposed to be doing that no them. Now it becomes time to pull out every trick and tactic in the book in order to attempt to get a Bear Raid at every dollar mark or percent from where the stock started. Could be a penny in smaller priced securities? What MMs do is give you a chance to make a small amount of money for your momentum and day trading style by shorting it at these levels and trying to get a bear raid each time. Each failure is compounding the MMs short position so they let it go to the next level. Now come more deliberate tactics MMs use to coerce Bear Raid or panic selling. + +>Once the MM is caught short and the strength of the buy is overpowering the MM will want to cover his short position. So the MMs call up one of his friendly MMs and says some like "the weather is sure rough today." The MM along with the other "friendly MM initiates a down tick about the same time. Now this can also be done with a certain amount of shares such as an infamous 100 shares flag. This down tick gives the illusion of weakness designed to hopefully begin the bear raid of selling. The fickle, fearful, day trader, momentum and short term begin to sell out allowing the MM to cover his short position at lower prices. They will move it down quickly to get it to a price of least financial damage. Problem they have is long-term investors in the OTC BB. They start accumulating and buying comes flying in when they take it too far thus the MMs took it to the point of volume again and not only investors the other MMs step in the make money on the spread. + +>Alas the poor MM does not get to cover. Now comes various tactics like stalling, boxing, or even locking the Bid and Ask for a while. + +>Of course, MMs aggressively deny any sort of collusion designed to fix quotes or spreads, but a recent SEC investigation tells another story. + +>MMs have a vast resource of tactics and it would take probably more than my lifetime to figure them all out. + +>So how do investors somehow manage to overcome the obvious deception in OTCBB arena? One answer is indirection trading style by going long which the MMs do not expect. In the war between investors and public companies on the OTC BB vs the MMs, if the MMs have all the advantages due to position or other factors, direct confrontation such as momentum or day trading hitting the stock is a definite death sentence. + +>However, an indirect approach tends to weaken the path of least resistance before slowly overcoming it. The most effective way is long-term investors slowly accumulating and holding thus drawing the MMs out of its defenses making them as naked as their short position. This is war so this slow accumulation and holding for the long term easily achieves the desired effect to force MMs to cover and knock off the tactics or bury themselves deeper. + +>The MMs when caught will especially use every trick and tactic in the book to get a Bear Raid thus playing on the individual fear of most people. The MMs feel they have information and position advantages over the investors as long as the holding of the stock is in weak hands or short term holders. Since they are OTC BB MMs who believe all OTCBB companies are not worth investing and management is ineffective regardless what is happening within the company.Furthermore, MMs know they are in the position to impose a great deal of influence in OTC BB stocks trading when it suits their needs. + +>This inherent power of position enables the MMs to move the markets at any time up or down. As a result, the only way to draw them out of their favorable position is going long. Now this does not mean just any company but to effectively nail the MMs, Longs must find the great company on the floor and accumulate long before the MM tactics and games begin. + +>"Market Maker Speaks Out: "Ways of a Market Maker" Author: Unknown +____ +Feeling pretty down honestly. Timing belt blew 15k miles early. I have an emergency fund of 1k and not good credit. I drive an hour to work, and no public transportation alternatives. My partner has a gas guzzler of a truck and I can drive her to work (45 mins the wrong way) making my commute around 2.25 hours one way... but it will work until I find a new car. + +This is more of a rant than anything. Just a bummer to be one week away from being debt free and have a big setback like this. +# Last Week's Review + +We hit some home-runs last week with AMD, CLF, and TLRY. All of which were up over 20% at one point. The other names are not doing too bad either and IMO still “consolidating” with their charts & technicals. Here’s a snapshot of the ticker performance from the last two weeks. In the same time-period SPY has gone up 3%. + +https://preview.redd.it/h48lntmynte71.png?width=774&format=png&auto=webp&s=50a98be2076ba97c3b7c2ee47e8280b969347d59 + +&#x200B; + +I exited my position on CLF as I felt it was beginning to get into the “red zone” I talk about. The ticker has been on an unbelievable uptrend since the start of the year and the chart is beautiful. However, I highlighted below a short-term risk area after the stock has shot up 30% in 7 days (due to good earnings as well). It’s nearing the top of the trend channel and could potentially see a reversal. Either way, I protected my trade. + +&#x200B; + +Before we get into the tickers for this week here's a breakdown of some of my charting rules and terminology. + +# Chart Guidelines & Terms + +I use the term "meme stock" loosely as these aren't necessarily meme companies. I really mean that the ticker has a HIGH PROBABILITY to trend on social media and the stock price could be affected by social sentiment. The watchlist I give is usually comprised of tickers that have taken a breather after getting too hot from a social aspect. + +&#x200B; + +Moving along, I like to look at my charts from a risk-reward perspective. + +"Red Zones" are high-risk lotto plays. + +"Orange Zones" are a bit of a mixed bag between being too hot or early in the trend. + +"Green Zone" is where I try to buy. These trades are never guaranteed (nothing in life is), but from a risk-to-reward point of view they are in my favor. + +&#x200B; + +As always, this is not financial advice or a recommendation to buy or sell a stock. Please do your own research before entering any positions. + +&#x200B; + +# The Meme List + +&#x200B; + +**Skillz Inc (SKLZ)** + +I categorize this play on the meme stock list because SKLZ has been known to trend on various social media outlets and gain momentum through retail traders. This is a lucrative play and considered a YOLO with earnings coming up on Tuesday after the close. Looking at the chart the stock price is back to 3-month lows and where it was trading last December. + +It’s current valuation at $14 is still pretty rich (5b market cap off 270m in sales), but should the stock continue to drop it might become quite favorable. This ticker traded at $45 back in February and is down 60% since. + +There are many doubters in the viability of this company’s business model, but for a high-risk, high-reward play I like it at this current price. Having said that, ARK ETFs currently hold about 20 million shares of SKLZ. + +https://preview.redd.it/28r6r7f0ote71.png?width=2558&format=png&auto=webp&s=d3ed4246f17aac61c1ff76921fb1f3b2a716574d + +&#x200B; + +**Peloton (PTON)** + +PTON chart looks ready for another break-out to the upside. This could be a potential “fear of lockdown” play and any news of Covid variants will cause this to pop. Glancing at the fundamentals the company has quite a strong balance sheet with very little debt, and strong growth. Most analyst’s concerns on this name are regarding if the growth is actually sustainable for the long-term. + +At $118 per share the stock is nearing the bottom of the channel for it’s most recent trend over the last 3 months. + +https://preview.redd.it/xe8z7wg1ote71.png?width=2558&format=png&auto=webp&s=c955224f92ef1ca036f772b1156e1de511f2fcbb + +&#x200B; + +**FuboTV (FUBO)** + +Last, but not least on the meme’s list we have FUBO. Remember the meme’s list are tickers that have the potential to gain momentum through retail traders and popularity. This can sometimes be a driving force and the truth is you need to be in on these names BEFORE the hype-train leaves the station. + +FUBO had exceptionally strong performance back in December last year when it hit $60 per share. Concerns over the company’s growth and sustainability have knocked the share price down by 60% and currently sits at $26. IMO we could be entering a green zone as the stock has traded sideways for a month now. FUBO reports earnings August 10. + +https://preview.redd.it/8lsylud2ote71.png?width=2554&format=png&auto=webp&s=d802189d321b0e796318720dd70e2233e4b9b561 + +&#x200B; + +# The BTFD List + +&#x200B; + +**Teladoc (TDOC)** + +TDOC is one of the leaders in the “tele-health” industry. It gained momentum and popularity throughout lockdowns, but as the world-reopened the stock price has tumbled. In March, Amazon also announced their entry into the tele-health services and investors did not like this increase in competition. + +This is a risky play and is potentially reliant on the lockdown catalyst, but at $148 per share and a 50% haircut from it’s 52-week high, I will be looking to enter this position. + +https://preview.redd.it/c3uzd2b3ote71.png?width=2556&format=png&auto=webp&s=a82bde5085533ee253540168e3e0a0c63538d455 + +&#x200B; + +&#x200B; + +**American Airlines (AAL)** + +American airlines is a re-opening play. Travel is nearly back to pre-pandemic levels and most “re-opening” stocks are still trading at a discount due to future uncertainties. + +The chart for most airlines will be quite similar to each other, and in my opinion the worst is behind us. I’m looking for short-term upside on this one before the trend breaks down again. + +https://preview.redd.it/jjqtnn64ote71.png?width=2554&format=png&auto=webp&s=499d0ce926d193de95d657e505777a10ac9deb00 + +&#x200B; + +&#x200B; + +**Micron Technology (MU)** + +Out of all the semi-conductor plays it always seems like MU gets no love. AMD and NVDA are performing very strong, but MU seems to be the laggard. MU is trading at a PE of 21 while NVDA and AMD trade at 92 and 37, respectively. + +MU just posted very solid earnings and the macro environment should be a strong driver of growth for semi-conductors in general. There has been a chip-shortage for some time now affecting many industries and all this pent up demand will last into 2022. + +I thought this stock was going to continue it’s breakout at $95 a share, but it broke down starting in April and may have found a bottom at $77. I like MU here and might enter a position. + +https://preview.redd.it/xawhi3p4ote71.png?width=2550&format=png&auto=webp&s=b87c76c738c2db00a50d8ff98a95299058e5d0b6 + +&#x200B; + +**Closing Thoughts** + +That’s the end for this week. Remember, investing is about PAYtience because it pays to be patient. There are A LOT of uncertainties in this market right now which means it is not the time for crazy YOLOs. We have risks from inflation, covid, rates & QE tapering, re-opening risk (or lack of going back to “normal”). + +The VIX might not be close to the highs, but volatility is STILL HERE. We are seeing 2-5% daily swings in a lot of stocks right now. If anyone remembers before the pandemic you would be lucky to see a 2% move in most names. + +Hope you all had a great weekend and I’ll be back next week. Just FYI I might start adding a mid-week update some of the weeks to spot existing up-trends, down-trends, or tickers hyped on social media. +Not including ETFs (SCHD, VTI, VOO, etc), what would you say the top 3 dividend stocks to own are for someone who’s 25 years away from retirement? In this hypothetical situation, pretend that dividends from these stocks will be used as cash flow during retirement. + + +Consider parameters like volatility, longevity, growth potential, dividend yield, etc. + + +My initial thoughts are: + +- JPM +- KO +- MSFT + +Disclaimer: Currently hold shares of only KO from above list. +I want to diversify my passive income portfolio and I want to focus on high dividend growth stocks. I already own APPLE, MICROSOFT and VISA. What high dividend growth stocks do you guys own? Thanks for any recommendations +I'm interested in companies like JD, Baozun, Meituan, and VIPS. JD seems like an obvious safe pick and Alibaba is incredibly undervalued but what about other companies? + +Edit: noone heard of baozun? + +Edit 2: I would appreciate at least a small amount of reasoning + +Edit 3: I overestimated this community +This clip is of Warren Buffett and Charlie Munger talking about the dangers associated with relying on EBITDA when analyzing companies. I don’t understand how companies are able to get away with reporting EBITDA metrics without more criticism from analysts. + +https://youtu.be/GQDlZdd4GAU +Nintendo is projecting a rough year due to their chip shortages and material costs. The stock has been in decline for some time, however there is likely more room to fall. The financials are great and it may be a good investment once the chip shortages fade away. +I am going to be honest right away and tell u that retail companys arent my type of investment and that i dont like the industry as a whole. + +on the other hand footlocker offers us an amazing deal almost to good to be true. it looks like the company is left for death but this is a core value investment. + +footlocker is listed with an 3x pe ratio 5-6% in dividend and 40% share buy back at this price with net cash of15-20% of the market cap. + +the over reaction makes this company a text book value play. + +**The business** + +foot locker is a shoe store active in the eu and amerika. footlocker is a majority of their company but they have some other retail names aswell as their own shoe brand. footlocker has special partner ships with nike and other retailers to bring out special shoes for their costumers only. + +the reason for the decline is that nike doesnt want that partner ship anymore and focus on their own customers. other brands want to make partnership deals with footlocker but no one as big as nike. + +the focus for footlocker now is to get their own brand succecful. this will give them a better supplychain and more security aswell as higher margins. + +online retailing seems to have takenoff but to be honest i never shop via footlocker if i want to get nikes i always got to nike website so the e commerce is going to be a harder part for them but getting a succesful brand would fix this aswell. + +&#x200B; + +**Issues footlocker has to deal with** + +\-*nike leaves*. nike is their main brand that they sell a huge issue because they arent looking as favourble to their cooperation anymore. they have some new partner ships and are becoming a more independent company insted of nikes retailer. other retailers happly want to be in a partnership with footlocker and i see an oppertunity here getting new desingers new brands and making some brands of their own will tranform footlocker in a way better business. + +\-*store closures* footlocker has a big network without but a lot of stores are getting closed low margin stores first but they bought some other brands and they can remodel these stores and the store decline is slowed down and might reverse if they keep aquiring new businesses which they want to do. + +\-*brand underpreformens* a low of big companys can use their brand to make a shoe succesful on day 1 think about nike addidas when they work with u its a huge deal. foot locker has a lot of potential unused here and should make their own brands to be less dependent they have a huge network which goes unused. + +&#x200B; + +**the value** + +this is of course the best part. footlocker is extreemly undervalued + +the pe ratio is about 3\~ and a net cash of 400 mil on 2,7 billion market cap. + +their capex is about 275 million with about 420-460 million in adjusted earnings and 200-300 deprication. gives them at least 345 million in FCF. on the downside. pricing in low deprications and a decline in profit of 10%. on the higher side there can 485 million. this includes a 6% downside in profit. + +this is a low expectation. + +345-485 million in fcf for a company without any net debt gives them a the option to pay this out to investors. which they want to do with a 1,2 billion share buyback and 33% dividend growth. + +the share price moved a lot yesterday but 40% of shares can be taken of the market which translates to 71% return included with dividends if the market cap will remain at sub 3 billion levels. + +at 71% return this year in the low end u will beat most money managers with less risk. + +but what is foot looker worth. + +intrinsic value is 32$ per share but there are long term leases on their balance sheet and goodwill and those dont realy matter. + +the value of inventory, property, net cash, minority investments and equiment get u at 44$ per share. + +Inlude the 66% of the share buyback at 3 billion value and we get 53$ and 73$. their is some cash to be excluded for this but the company also makes returns over this period but it would lower fair values about 14$ + +39$ and 59$ in balance sheet value. which is a 33%-100% return in 1 year on the low end if they get to book value of assets they use. + +these are bear valuations and compaired to every other company. if this is just a one time set back and footlocker can grow 2-3% about inflation numbers it doesnt make sence for them to be at a lower pe then 10x. which is without the sharebuyback a return of 50% with the sharebuyback we are talking about 100%+ returns. + +compaired with the other retailers lows, home depot footlockers share price should be trading about 90 bucks with this guidence on the low end. + +if they pay out 100% of FCF after the share buyback u get a 71% return+ 11%- 16% a year on the low end + +if u compaire them to lowe's home depot or any other retailer u get no sub 100 dollar value at their most recent guidence. + +&#x200B; + +**Why is this the one of the best value plays in the market** + +to answer this question the best way. u have to ask what is value investing. answer to buy a company for less then its accuatly worth and getting returns for the least amouth of risk. + +\-net cash + +\-profits + +\-low pe + +\-share price below bookvalue + +over the past years foot locker was able to grow with 3-6% per year. their buying spree and digitalisation are drivers of growth. this seems like 1 bad year if management is taking action. + +this is a textbook value stock buying back shares under bookvalue while being profitble and having a net cash postition that can get them a very long way. + +it preforms, digitalise and innovates above the pace of the market it is one of the better retailers. + +i think that in a market overvalued market footlocker gives me a good deal and great entry point + +i opened a postion at the higher end of 26 dollar and it accounts for 8% of my total portfolio. + +&#x200B; + +**Future** + +i think footlocker has a decent outlook in the long term. + +management has a long term view and is building up the company to be less dependent on nike. i cannot deny that his is a painful periode for footlocker and strong management is required. + +some female brands have launched and new partnership deals aswell but nike defintely is going to sting. on the other side it will be a more independent company and make more sence as an investment compaired to a nike dependent company. + +was this the right move for nike? i think that taking out your dominant postion in retail isnt a great strategy but building a relationship with custumers is. nike is going on a different track then i am used to of branding companies. coca cola would do anything to get their drinks on every spot to keep their name as the best cola. i think clohting brands are diffrent and that digitalistion is important but the move seems too fast and their losing some store shelf space. nike is fully going for e commerce and it might just pay off realy well with better margings and a very dominate place in e commerce or they are going to lose some market share. + +nike had retail companys that had 80% of their sales to be nike brands + +**Management** + +management seems to make the right decisions and they have good looks to the future. most of them are footlocker veterans with long historys there. only issue seems to be that some more experience in ecommerce and degins would be grewat + +chief operating officer seems to be the man for the job with the right degrees and past experience to turn this company around. worked at coca cola as branding and marketing officer. + +i would like to see someone extra from a big retailer that has worked on digitalising in his company to get on the board. + +&#x200B; + +**Conclusion** + +Footlocker seem to be significantly undervalued and buys up a big part of the business to change this. their management seem to be in the right place to steer this company through hard times aswell as build up in the future. the net cash and profitible part of this company put it at a low risk high return play + +&#x200B; + +**DD** + +\-i do hold a stake in footlocker since yesterday at 26,86 + +\-I do not reccomend a buy this is just free research to make u come in contact with the company always DYOR. + +\-i do have dyslexia and english is my second language if u see spelling errors u can inform me i will correct them asap. i am trying to improve +I posted last week asking which stock to buy (BNS vs. NWH.UN) and I reasoned that one of my reasons for buying BNS was to DRIP at least one share per quarter. + +And this got me thinking: do you care a lot about DRIP that you buy enough shares to ensure you are covering the drip , at least for the short term? For example , if you think the BNS share price for the next 12 months will be $80-100, then you buy enough so that your quarterly dividend return more than covers that range. + +Does this figure into your stock purchase decision making? + + +So i basically trade SPY call spreads and straddles with hedge in vxx using various closing and opening strategies. All of the closing and opening rules are specific and there’s no room for errors there. + +I use options table calculator to test the spreads that i make, taking the bid and ask. I also account for IV by taking the standard deviations and converting into percentages when there are differences in IV. + +I’ve been working on this strategy for about 4 months now, and i cannot think of anything that might be wrong other than the assumption that i will be able to close my SPY spreads at certain levels of losses (even if i give room for it to run more than my loss threshold by quite a bit, profits of more than 250% will persist) + +I’m about to go ahead and start using this strategy in my live account, but i don’t want to lose money because there’s something out there that i didn’t take into consideration. Any suggestions would be appreciated. +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? +Hi Fat Fire Familia, + +I've been super fortunate to be a venture capitalist and hold major positions in large pre-ipo companies such as GOAT, Stripe, etc. However, our firm is a hold until IPO which means there isn't an ability to get any liquidity until we return the fund (100% of capital back to Limited parters) and start distributing carry. Currently, I have a net worth of $2M but have about $8M in paper gains across multiple VC funds in carry. Mentally, I've lived life as if the $8M will never come, but figured I'd ask for advice anyway. + +How are other people handling this? If I was an employee, I'd cash out some stock early upon a later round (think Series D or E) and to get some liquidity. Because of our fund structure and returning money to LPs first, there doesn't seem like a good path. Just want to make sure I'm not missing anything. I've flagged this to the partners of my fund and they have a "just wait and we're all in the same boat at the firm" stance. Just checking if I'm missing anything and def NOT complaining. +My question may not be super clear, but I come from an accounting background and have spent three months learning tons about investing, finding deals, numbers, etc. when it comes to real estate investing. However I’m still not comfortable in seeing a house and determining what is wrong/right with it from a structural perspective. + +For example, I know how to spot cosmetic defects (cabinets, painting, flooring, etc), but I don’t know how to spot a good roof, plumbing, foundation, electrical, etc. The bones of the house so to speak. + +I know there are professionals who can determine this, but I still think I need to have knowledge on that stuff. + +Any suggestions on how and where to learn this kind of stuff?? +I want to know what ICOs do you think are the biggest right now, personally I think Gimli.io is going to be big as the eSports betting scene is growing and also Yacine Terai, CEO of Tokens Capital is investing in it afaik. +My fiance and I are childfree. Hence, we aren't sure how things will work when it's time for us to move in to a retirement home, particularly if one of us is very sick or has dementia. We're just so used to how things have worked in our families: the kids handled it. So what can we set up so that we're taken care of when we can't care for ourselves anymore? + Hello, I’m 24 years old and currently am a Marine with only about a year and half left on my contract. + +I am married (22) and she currently is on her last year of college studying to be a physical therapist. + +We currently have 9,000~ worth of student loans to pay off and 2,000~ worth of credit card debt. + +My monthly net income is 5,000~. + +I currently am enrolled in the “matching program” Roth IRA which I put in 10% every paycheck. + +My current monthly budget is: + +1000 to my wife for rent and food (she is currently at another state finishing college while I finish my contract). + +2,000 towards debt or emergency fund + +1,000 put into the stock market + +1,000 living expenses + +Just looking for “food for thought” on anything I could be doing different or any situations that seem more advantageous for me in the long run. + +Once I finish my military service I will go to school and try to find a part time job. Thankfully my rent and school will be taken care if for about 3 years if everything goes according to plan. + +Any and all tips and discussions are appreciated and thank you in advance! +I have been doubling down on high dividend and profitable companies, solely banks and utilities. Are these good buys and somewhat resistant to stagflation? Key word is somewhat, i do not have the expectations that these assets will be immune. Is this approach wrong? +**THIS POST IS FOR ENTERTAINMENT PURPOSES ONLY NOT LEGAL ADVICE; NO ATTORNEY-CLIENT PRIVILEGE IS CREATED BY THIS COMMUNICATION; THIS IS DEFINITELY NOT FINANCIAL ADVICE, I BLEND MY CRAYONS WITH MY MORNING SHAKE TO REALLY GIVE IT THAT NICE CRAYON-Y FLAVOR.** + +**FINAL EDIT** *Hi all, work is whipping up, so I gotta run. Thanks for all of your questions and I'll be lurking in the shadows if you need to come find me. BYE!! (104 PM PDT)* + +**Quick edit (1139 AM PDT)**: I'll be going to lunch at 12:30 PDT to take off my pants for the last 30 minutes of the market so my boner doesn't rip my zipper, so if you have questions and they're not getting answered I will do my very very best to get to them once the market has closed and I've eaten my lunch. + + +A few edits: + +* This is for US Based Apes only. I am sorry, CA/UK/EU/Beyond apes, my magic is limited to this country. :( + +* **BEWARE**: IF YOU LIVE IN **LOUISIANA** as your laws are basically based on France's old Civil Code and may not conform to ANYTHING resembling the rest of the union. DEFINITELY seek professional counsel **IN LOUISIANA** or **BARRED IN LOUISIANA** for help. + +Hello all. I am a fully licensed attorney in two states (**happy to provide proof to mods upon request**!) and I wanted to drop my .02 and give you a little (not legal) advice on behalf of someone who works with lawyers all day and every day. + +* *You're about to be rich - protect everything you have.* + +So here we are at the brink of a totally new era of financial stability for a lot of people. How many of you have a minimum insurance policy on your car/apartment/home? Show of hands? Okay, put them down. That's a lot of you. The first thing you need to do is immediately protect your property to the fullest extent possible as someone with a high net-worth is basically a giant bullseye for dicks who will sue you for anything and everything simply because they know that you are "the deep pocket" as we say in the law. Personally, I carry a $250,000/$500,000 policy on my vehicle with a $1M Personal Liability Umbrella for about $131/mo. YMMV based on zip codes, your credit, and what you drive but whatever it is, is it worse than getting hit with a shitty frivolous lawsuit because you bumped them at 3 mph and they have a fuckton of crooked doctors who will swear to anything as long as they get cut. **Trust me. I know. I fight these people on a DAILY BASIS**. There are policies available for every conceivable situation and some brokers may not have what you need. **Do your DD or see a licensed professional for help**. For instance, that new Lambo you're gonna buy? Most insurers won't touch it and if you're under 25, best of luck. There are specialty insurance companies who serve that area. **HOWEVER** there are also a LOT of shady insurance agencies who will happily take your premium and then smile while they write you the minimum policy limits you bought because you weren't paying attention. *cough*TheGeneral*cough* + +* *All Attorneys are NOT the Same* + +Would you go to a barber to have your oil changed? FUCK NO. Then why would you go to an attorney who doesn't do what you want them to do. I used to be what is called a "General Practictoner" because that is what my father did before me for 30+ years. I got out of that game and focused (notice I didn't say specialized...more on that later) on a small area of practice and carved out my niche because no one wants a Jack of All Trades anymore in 2021. In the case of Tax and other Financially related areas of practice, you want someone who focused on these areas and these areas **almost solely**. By the time you finish reading this sentence, the tax law has changed and those attorneys who do that kind of thing have received an email alert from WestLaw telling them that the law changed and to make note of it. See, it just changed again. + +* *Your Friends (and you) are Not Good with Money* + +I'm sorry to be the bearer of bad news, but they're not and you're not. Talk to your accountant and your attorney about money; talk about boobs/dongs with your friends. An attorney who deals in trusts and estates can help you set up whatever kinds of trusts are available in your state. They vary from state to state by statute, so don't try to copy-paste something you find online. Also, for the love of everything holy, do not **AND I CANNOT STRESS THIS ENOUGH,** do not try to create your own trusts unless you know what the fuck you're doing. You may think you're saving some money by copying something you see online but if you set the thing up wrong, you could end up double or even triple taxing yourself and really doing some irreversible damage. You're an adult with adult money now. Go see a professional. DIY is for home projects not the protection of potentially *multi-generationally* held assets. + +* *Get Recommendations From an Accredited Organization* + +Finding a lawyer should not be done by "letting your fingers do the walking" - holy shit, I'm so old that I remember what that actually means - instead you should get recommendations from the State Bar Association if you have one or a local City/County association. If you live in a Metropolis, there is one there. 100% sure of that. If you're from more rural surroundings, call your State Bar. They have lists of lawyers who have agreed to be on the list and usually have agreed to a certain number of conditions including, but not limited to - maintaining Malpractice Insurance in states where it is not compulsory and/or a statement no disciplinary actions (public and/or private) in any state. However, no matter what you do, research that firm/person. They may not have a public/private discipline record but they might be enormous assholes. Sometimes you want that, but sometimes you really don't. You want to mesh with this person - not like socially or anything - but in a sense that you would not cringe anytime they call or when you need to call them. As for "specialization" (see, I came back for it) some states do NOT allow an attorney to say that they "specialize" in an area of practice unless they are accredited by a smaller sub-bar association who deals with that kind of accreditation. Do your DD. + +* *Tax Haven States* + +A fun little loophole rich people like to do is create corporations in tax free states like Montana or Oregon and then have that corporation own the property. Why? Because you may not have to pay tax on huge purchases because you don't own them, the corporation in Montana owns it. Ever wonder why SOOO MANY supercars in the US have Montana plates? Well, now you know. No one in their right mind wants to purchase a $350,000 car and then have to cough up **another $35,000 in TAX**. DEFINITELY TALK TO A PROFESSIONAL ABOUT THIS ONE. The loopholes are closing slowly and if you don't want to end up with your nuts/labia caught in the loop when it tightens, you better have some help. + +* *Parting Thoughts* + +So, that's all I can think of while I procrastinate and eat some snacks while I watch Kenny and the Gang gasp for air as the water rises around them. I am at work until 5 PM PDT so, I may not be EXTREMELY responsive but I will endeavor to answer as many questions or concerns as I can. **Glory in the Highest to DFV and RC. May they bless and protect our Crayon and Tendie Sandos forever and ever. Amen.** +Ladies and Gentlemen, + +Lately there seems to be a really strong hate towards those who dare to suggest that the price might go down, or that it's a good idea to sell or short Ether. I feel confident in saying that we ALL hope and believe that Ethereum will rule this space in a near future. In my mind there is no doubt, but that doesn't mean the price will not take any dives or even be dumped from time to time. It's a natural cycle that all crypto currencies go through continuously to establish 'the correct' price. For some people this is a great opportunity to turn a profit and there should be room for this too, here in our *trading* sub. + +Could we please allow for people to have opposing opinions without showering them in downvotes or publicly mocking or ridiculing them? It's not helpful at all and it doesn't further the course of Ethereum or the price of Ether. It's absolutely crucial that we allow objective price discussion. + +While many people here are die-hard hodlers and like to preach the mantra of hodling and moon, some people are actively trading and it's not your business to tell them they are 'gambling' or going to get rekt and that you will laugh when they do. Wtf guys? + +Personally I'm extremely bullish on Ethereum and have been since I first read about it. But that doesn't mean I believe the price will continue to go up forever without any corrections, [and neither should you](http://i.imgur.com/MBiDmTv.png). If you're a long term hodler, this shouldn't really concern you too much, but could we please allow for active traders to discuss selling and shorting? + +It's possible that what we see is a very vocal minority and this sentiment doesn't represent the entire sub, but it's very telling when old-time subscribers and solid contributors announce they will be leaving the sub due to the nauseating attitude of the comments in the Daily Discussion thread. + +I like moon memes and dreaming about my lambo as much as the next person, but could we please try to keep it real? + +Thanks. +On the 9th of February 2015, somebody gained access to an online computer of ours with a BTC wallet holding 445 BTC. The attacker, that also defaced our desktop with a nice picture of a Moroccan hacking group nicknamed "moroccankingdom", transferred those BTC to 5 different wallets: + +16a2pR6UDyeqv1ArQ8hGXJgqVCWfoqbdUr +17MtkE39Ms9gcZBdAWS6QQCyd7qrKdVdzo +1KNgyBny6S5sA9fxU8QJC3bLFHdDAKAabU +12RrvE59LUgcRdgE5W4iPpjcr66GtW6YgV +1EMChJbxPW7vTLyaTh3TBVMm9i8BUPFA1i + +Those BTC were left sitting for roughly 1.5 year, until a few weeks ago when the thieves found out how nice bitcoin mixers are, and started to mix them, leaving back (to our limited knowledge) nearly no traces. + +There is an ongoing criminal investigation with the local police authorities but we're afraid they haven't enough forensics knowledge on how to potentially recover these BTC, so we are offering here a 50% bounty (that is, 222.5 BTC) to whoever can recover the said Bitcoins. The bounty applies also in case somebody provides significant information that may lead the authorities to incriminate the thieves and subsequently recover the stolen BTC, for example, but not limited to, the IP address used by the thieves or an exchange that was used by the thieves to exchange part of those BTC. + +Of course we still hold the private keys of the wallet where those 445 BTC originated from and, should anybody contact us with relevant informations, we will provide signed proof of ownership. + +Who knows, maybe somebody knows something that we don't about Bitcoin forensics? Please help us recover our lost funds.... Let's give it a try. +Good Morning! + +So as many are aware yesterday did not quite have the buy pressure I was expecting. We are still trying to determine why that was. + +So far the best explanations are: + +* They are simply not covering them as XRT is on the threshold list and since it is going through the threshold process everyday they do not need to clear the FTDs in a timely manner and only clear them when they are force settled. +* The T+6 window on ETF FTDs from December 17th falls on Christmas Eve a Market Holiday this would delay FTDs till this morning at market open. I was pretty sure this was accounted for when I originally did the count but I could have been off by a day or there may be an additional day due to FINRA deferment. +* This one would suck, there simply are not enough FTDs this cycle to overload the CNS system. I don't think this is accurate however. There are more ETF FTDs this quarter then their were in the September cycle and the price action on January 26th from GME FTDs was significantly higher than anything we have seen since. Since ETF FTDs are more numerous, we should expect a surge greater than the January 26th run. Also the other stocks in the ETF baskets have not had significant runs. +* Futures were not used this quarter to satisfy expired contracts or the price was so low in the spot market they did not have to cover a negative position on them. This is possible if the futures were written at a spot price in the $170's and expired at a spot price of $148 it's possible that no debt was incurred to the counterparty. Since the whole sector was shorted this could be the case across the whole basket. + +We still have several days left in the ETF FTD window with other large pileups occurring on the 7th and 8th. After that it will be a bit of a lull until the OPEX window out past the 18th. Meanwhile the gamma ramp remains in place, delta neutral remains low, and as of yesterday delta sensitivity was spiking. So our potential to have upside moves gain momentum is still high. + +**No Yelyah2 update today so far, I will update if I hear back** + +**DIX Pics** + +[Large amount of divergence yesterday](https://preview.redd.it/2zzyuh9zntf81.png?width=2498&format=png&auto=webp&s=21494c6515722cf20a75f9c15acead3b421bec10) + +&#x200B; + +[volatility is easing a bit and with that should come more call volume](https://preview.redd.it/2y8svit8otf81.png?width=2513&format=png&auto=webp&s=010cbb0175e01d3fbac7d0a0c94a996376e4bcdc) + +**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: + +46, 92, 98, 100, 104.50, 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 + +After hitting the high at 104 everything market wide dropped into close, but for some reason GME and XRT volatility spiked massively... Nice run today leaves GME closing out it's first green week since November. Based on VWAP remaining down at 98 while we climbed to a peak of 104, their was some issue maintaining the short pressure. Additionally massive quantities deep ITM puts SOLD for millions of dollars (Jan 900/950 and June 680) for a notional of around $20m. With the potential for a ramp this coming week and some exposure from our green close I'm feeling bullish for the beginning of next week. + +https://preview.redd.it/gmof95cntvf81.png?width=784&format=png&auto=webp&s=195ffc5742e1f39a37e202bc5a4bd134687f4a12 + +https://preview.redd.it/qnxkkd1otvf81.png?width=909&format=png&auto=webp&s=009dd2d3a8df82440fe0cf20d7e89f4a7544feb3 + +[This is indicative of the massive put selling that occurred at the beginning of last years run per the SEC report.](https://preview.redd.it/yzivah8ttvf81.png?width=887&format=png&auto=webp&s=5f8c7ca4c1dfef8f03f80365a284ece10aaa8055) + +Edit 3 3:26 + +Well we went up some volume is ridiculously low but the market is pushing back up, green on the day. + +https://preview.redd.it/4pzyv1ollvf81.png?width=1476&format=png&auto=webp&s=feb52176026481fadda3aa2757e22ec9321da3fa + +Edit 11:25 + +Just getting dragged around with the market low volume chop, but on the bright side lots of bullish moves on the options chain as short puts and long calls are traded for far dated expirations (Apr/Jun) + +https://preview.redd.it/rhmsk9zqeuf81.png?width=1472&format=png&auto=webp&s=54c9f29562eca74ff9a1ef0c4b00179a65f72b29 + +Edit 1 10:26 + +Big short this morning with all shares borrowed from Fidelity and IBKR we recovered after a slight drop below Delta neutral if the market continues up so will we. + +https://preview.redd.it/qaopzir34uf81.png?width=1476&format=png&auto=webp&s=165eb95e76647d7e56abf2a45923d8517bb1cd87 + +# Pre-market Analysis + +GME falling off a bit with the broader market, but not down significantly. + +Volume: 11.81k + +Max Pain: @ 105 + +[There is still pretty significant risk on the short side if we cross $111](https://preview.redd.it/u9htqtmxotf81.png?width=2014&format=png&auto=webp&s=7fbd71bef278586453a47c21358aff548095b633) + +Shares to Borrow: + +IBKR - 200,000 @ 2.1% + +Fidelity - 24,781 @ 1% (down 350k from EOD yesterday) + +[GME pre-market 5m](https://preview.redd.it/bmumqsnoptf81.png?width=1481&format=png&auto=webp&s=d3e4e0169ca7eec5e7ff7982ad98bca535696115) + +TTM Squeeze + +https://preview.redd.it/ttwm4qksptf81.png?width=2453&format=png&auto=webp&s=a452f7f17d2282036958d7c9e3e226c066b9f7cc + +CV\_VWAP + +https://preview.redd.it/rfa56dd0qtf81.png?width=2460&format=png&auto=webp&s=186395fb125fe1ee0f3b07c22c12aead0b47b1e2 + +GME FINRA Short Volume + +https://preview.redd.it/0qx53p7hqtf81.png?width=2450&format=png&auto=webp&s=d04730d6c08cf1b8511856e56077e1fbe63ebe77 + +**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.* +Over the last two weeks I’ve interacted with over 400 investors directly. It was a mix of educational chats, creating a videos, and discussing strategy/trades. Something I’ve noticed is that many traders don’t seem to understand what they’re trading for, what success looks like, and it’s no surprise that folks are having a hard time creating a plan to get there. + +Investing is similar to any other life goal. We need to understand what success looks like (extremely individualized) then work our way back. How do we measure it? What’s the timeline? Is it challenging yet achievable? What’s the plan to make it happen? + +If you haven’t taken the time to truly define what you want to achieve with your investing career, you’ll likely wander aimlessly drifting between profitability. I know we joke about it but “doubling my account”, “living off dividends”, “beating the market”, “being rich”, or “buying a car I’ve always wanted” are all superficial and add little context for you to model your trading plan after. + +If you’re unsure how to develop a goal, reach out to the community. That’s what we’re here for. To support one another’s development. + +Trade on! +-Erik +Hey yall, based on a recent poll, most people seem to be going for a 30-45 DTE on this sub. Sine theta accelerates closer to expiration, wouldn't it make more sense to do e.g. 10 delta 7 DTE five times in a row than a 10 delta 35 DTE? (or even 10 delta 2 DTE x 17 times for tickers like SPY, etc) + +What am I missing? +I average around $12/day. I personally think that's not bad but was wondering if its considered a lot by the frugal crowds in this subreddit. + +The $12 includes breakfast, lunch and dinner. Eat out twice each weekend. Meat included. +6% May: ["Headline inflation is now expected to peak at around 6 per cent in the second half of this year"](https://www.rba.gov.au/publications/smp/2022/may/overview.html) + +7% June: ["As a result, we are now expecting inflation to peak at around 7 per cent in the December quarter"](https://www.rba.gov.au/speeches/2022/sp-gov-2022-06-21.html) + +7¾% August: ["Inflation in Australia is expected to increase further over the course of this year, reaching around 7¾ per cent in headline terms around the end of the year."](https://www.rba.gov.au/publications/smp/2022/aug/pdf/statement-on-monetary-policy-2022-08.pdf) +* [2 cents](https://www.youtube.com/channel/UCL8w_A8p8P1HWI3k6PR5Z6w): This couple & PBS make beginner friendly videos about finance in general. +* [Ben Felix's Common Sense Investing](https://www.youtube.com/channel/UCDXTQ8nWmx_EhZ2v-kp7QxA): Based on investigations and heavy with source citations. But also in an accessible language. +* [The Plain Bagel](https://www.youtube.com/channel/UCFCEuCsyWP0YkP3CZ3Mr01Q/videos): Also beginner friendly vids for learning about finance. + +What other good channels are out there for the FI community to keep learning? +I'm making this post to encourage those that are still far from their goals (I'm still far from mine!) and remind them that progress does not have to be linear. I don't have a cushy tech job (but I am a decently paid Senior PM), and my parents have been struggling financially my whole life in a semi HCOL area. + +My life has been full of suffering, but I'm intelligent, driven, and optimistic as many of you are. I'll give some highlights about how I got to where I am: + +* Second year of university (2011) I was diagnosed with Hashimoto's disease. Despite medication I struggled with focus and had chronic fatigue +* It was very difficult for me to keep a job and prove my worth, despite being ambitious and highly motivated (mentally). I was constantly fighting my body to cooperate, sleep was a disaster, and staring at the wall was sometimes the only thing I was physically capable of doing (none of this is an exaggeration) +* I would take short and preplanned courses of prednisone to get through things like certifications and job interview so I could look and present myself well enough to land something, then go back to crashing +* I started a company with my best friend, our interviews went viral and things started to look promising. Clients were flying us around the world to bid on biometric consulting projects. I was too exhausted to put in the hours and effort needed to close on deals. We failed over and over again until I eventually walked away with nothing but a $200k+ hole in my pocket and a lot of debt. +* Living with a BPD mother who weighed on my mental health, I was eventually compelled to forge bank documents to qualify for a Manhattan apartment with roommates to get away and force myself to find a better job at 28 years old. I found a shitty job quickly enough +* At \~27 I was still only making around $40k/yr and then was laid off after 8 months or so. I had only 4 months of expenses before I would go bankrupt, so I made a list of my strengths, got my PMP and CSM certs and interviewed for 3 straight months like it was my job. I finally landed a gig paying $120k as a project manager and moved to Dallas. +* Seeing a lot of local real estate growth, and since monthly mortgage seemed so close to rent, I decided to immediately buy a house. FHA allowed me to only need about $15k down. +* Over the last several years I had continued trying and failing at different software businesses, and eventually was approached by some people that needed development work. I created a digital agency with some people that I had worked with and landed a really big contract (for me!) of half a million dollars. +* At this point I had also figured out a diet and lifestyle routine that gave my life back and kept my Hashimoto's under control. Only took 10 years but I was finally able to output the work ethic that I needed to be more successful. +* Saved up about $50k cash at \~30 and went all in on crypto at the 2017 peak, lost pretty much all of it within a year. Was emotionally crushed but optimistic long term +* Scraped another $10k and threw it into Chainlink at $0.35 because I believed in the project and the future of DeFi smart contracts (now worth \~$800k) +* Acquired a small amount of equity in a couple of startups that needed my technical expertise. At this point I was really good at creating companies and knowing how to create an MVP, how to organize the basics (accounting, legal, marketing, technology, etc) how to sell, how to find and recruit talent. I was a one man machine. At this point I started learning how to delegate. People started looking to me for advice on how to approach their software businesses. +* I still have a long way to go, and a lot of personal optimization to do, but between my equity, crypto holding, real estate, and general investments, I'm around $1.5-2MM. I expect my growth to accelerate in the next couple years as long as I keep working hard. My goal is $10MM by the time I'm 35. I'm currently 32 + +I know that was long, thanks for reading +I made the "What You Should Do After MOASS" DD about a year and a half ago, and I feel like the more important DD at the moment should've been about what Apes should be doing before [MOASS](https://imgur.com/a/5QjAhv8) happens. MOASS will only happen once, so it's important we get this done right while SHFs are currently fighting for their lives, not after the dust settles. + +https://reddit.com/link/z86psz/video/tumth7rpgy2a1/player + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +Recommended Requisite DD: + +1. [What You Should Do After MOASS](https://www.reddit.com/r/Superstonk/comments/o97qje/what_you_should_do_after_the_moass_must_read/) +2. [DRS & Chill](https://www.reddit.com/r/Superstonk/comments/wwjebh/drs_chill/) + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +What You Should Do (Right Now) Before MOASS + +§1: Evaluate Your Opportunity Cost + +§2: Take Advantage of the Resources at Your Disposal + +§3: Focus on Your Mental Health + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +**§1: Evaluate Your Opportunity Cost** + +Well start with the definition of "opportunity cost". + +From [Investopedia](https://www.investopedia.com/terms/o/opportunitycost.asp): + +What Is Opportunity Cost? + +**Opportunity costs represent the potential benefits that an individual, investor, or business misses out on when choosing one alternative over another.** Because opportunity costs are unseen by definition, they can be easily overlooked. Understanding the potential missed opportunities when a business or individual chooses one investment over another allows for better decision making. + +To simplify, here's an example: + +You have $10, you can choose between buying a sandwich right now, or use it for gas money. + +Your opportunity cost for using it as gas money is that you wouldn't be able to buy a sandwich, and vice versa. + +This can be attributed to GME. + +If you are thinking of going out for dinner and plan on spending $50+, your opportunity cost would be missing out of 2 GME shares. Now, imagine you go out for dinner once a week; you'd be forfeiting 104 GME shares annually. That's your opportunity cost, and it's a big deal when you put it that way. Not just that but I'm sure with the price of gas, to drive back and forth to get the dinner would also end up being another 25 GME shares annually, depending on the circumstances. + +So, you have to take these opportunity costs into account, because the goal should be saving as much as (reasonably) possible before MOASS. + +https://preview.redd.it/eyotecuxgy2a1.png?width=1200&format=png&auto=webp&s=a5dd32e3f1288e52f4d03238d95eaebfc4de4142 + +Due note that there should obviously be a balance. Don't forfeit everything one way or another. You should still maintain a solid quality of life, while saving up GME shares as the same time. + +Nevertheless, everything you do has a cause and effect. + +If you are addicted to eating fast-food, quantify the costs of sustaining your glutenous habits versus how many GME shares you could've gotten instead. Same goes with consumeristic expenditures as well as alcohol/smoking addictions. + +Ask yourself, "how many millions of dollars am I losing post-MOASS by wasting my money on 'x', instead of saving up to buy GME shares directly from Computershare?" + +Take lessons from [Laszlo Hanyecz](https://www.indiatimes.com/worth/news/us-man-pays-10000-bitcoins-for-pizza-570056.html), who sold 10,000 Bitcoins in return for 2 pizzas in 2010. + +https://preview.redd.it/pt3b0yazgy2a1.png?width=614&format=png&auto=webp&s=baa51ed97c550608b4417f1849d3ddb9e85e5f42 + +Had Laszlo even just analyzed his opportunity cost, or ran a cost-benefit analysis, he could've ended up saving his Bitcoin instead of spending it. And had he preserved it for *at least 7 years,* he would've easily been able to cash out at well over $100,000,000. But, unfortunately, not everyone runs those cost-benefit analyses, and they end up regretting them. + +I'm sure post-MOASS, there will be articles of paper hands saying they would've had $100 million had they not sold their GME to buy a car before MOASS, or something like that. And, as sad as it is, there's nothing much you can do for them, because as the old proverb goes, "you can lead a horse to water, but you can't make it drink." It's up to each and every one of you to make decisions on behalf of yourself and your family's future. You have to be the one to ascertain the optimal financial decision, depending on your individual circumstance. You have to be the one willing to make sacrifices for the long-term, and that includes (at least partially) withdrawing from short-term dopamine pleasures. + +**§2: Take Advantage of the Resources at Your Disposal** + +I've gotten a lot of DMs from Apes saying things like that they wish MOASS would happen soon because they don't currently have a job or can't afford to get anymore shares. + +Listen, there's *always* ways out there to stack up shares. Again, must I repeat, MOASS is a once-in-a-lifetime opportunity. I've already explained in my DD [DRS & Chill](https://www.reddit.com/r/Superstonk/comments/wwjebh/drs_chill/) how this will never happen again post-MOASS. Do not take this for granted. Wherever you live, whatever your circumstances, there are always opportunities to stack up shares. If you want to add more to your DRS pile, but don't have a job or the money, don't just stay stagnant. Take initiative and take advantage of your resources. + +You don't even need a degree to work. + +As a matter of fact, here's a list of 10 jobs you could pursue right now to start stacking up on GME shares till MOASS: + +* Caregiver (companies will pay for your licensing program) +* Landscaper +* Electrician +* Delivery driver +* Security Guard +* Carpenter +* Truck driver (companies will pay for your licensing program) +* Wholesale packager +* Mechanic +* Restaurant cook + +This is in addition to jobs, such as custodial maintenance or retailer jobs. On top of that, how many countless other ways to hustle are there? Fiverr jobs, Airbnb, donating plasma, drop shipping, Uber/Lyft, tons of ways to make passive income. + +If you're struggling mentally/physically, or suffering from some extraneous circumstance, take advantage of your state/federal government programs. For the U.S, you can take advantage of unemployment benefits/disability benefits. From all these different programs, you can receive passive income, and maybe you can take some concurrent cash gigs while you're at it, if possible. + +*On top* of all that, there's even more programs and opportunities for you to rack up money for registered GME shares. + +For instance, there are countless clinical research studies where you come in, do some tests (the tests vary), and they pay you with fat stacks. For example, here they're offering $20,000 if you partake in one study ([this study is even full, because it's easy cash](https://417studies.com/)) + +https://preview.redd.it/1bfkcaf2hy2a1.png?width=1135&format=png&auto=webp&s=1595cbd3a329ba9bc39d2fd693dac4aa43a738c9 + +*On top* of that, there's always a variety of jobs on places like Craigslist that pay in cash for all types of services, from mowing lawns to painting houses. Like, there is legitimately no reason why you should be saying that you can't make money and that you can't continue to stack up some registered GME shares. There shouldn't need to be posts saying "I lost my job, and now I need to sell GME shares because I don't have money" (even though I'm sure many are shill posts). + +Now, why am I sharing all this information on all these various ways/opportunities Apes can make money in their lives? Because I legit care about my Ape brothers and sisters, and I want you to know that there are always opportunities out there to help you continue to add to the DRS pile before MOASS. Don't take all the opportunities around you for granted, because then you just might be taking MOASS for granted. + +And if you're stuck in the unfortunate circumstance where you're overburdened with debt and/or rent, and feel that you might get hit with a lien and lose your shares, you can look into transferring your registered GME shares to a trusted family member's name instead, and just file Chapter 7 (or Chapter 11) bankruptcy to wipe out the debt, and they can't steal your shares that way. I'm just saying I'd rather do that shit than give up my shares if I was in that situation. Because, otherwise, I'd be regretting it every day post-MOASS. + +**§3: Focus on Your Mental Health** + +https://preview.redd.it/52mobyx3hy2a1.png?width=1000&format=png&auto=webp&s=ea511b841f7c6a759bf4c86a68922a7bc1697c71 + +According to a survey from the [Money and Mental Health Policy Institute](https://www.moneyandmentalhealth.org/money-and-mental-health-facts/), 72% of people with mental health problems said that their mental health problems have made their financial situation worse. Furthermore, 46% of people in problem debt also have a mental health problem. + +It's no surprise there's a direct link between mental health and financial stability. People struggling through [mental health problems](https://www.mind.org.uk/information-support/tips-for-everyday-living/money-and-mental-health/the-link-between-money-and-mental-health/#mental-health-can-affect-money) are more likely to make impulsive financial decisions or overspend to induce dopamine release. They may also lack motivation to manage their finances. + +This is why it is **imperative** that you ensure you're in a healthy mental state when you receive your MOASS money. If you are not in a good mental state right now, you are not ready for MOASS. What I mean by that, is that you need to be in good sound body and mind. MOASS won't fix your depression, it won't fix your substance abuse problems—you need to fix that. Stay active, go out, feel free to talk to people about your problems to get support and help. Don't stay isolated, living in your head all day long, that'll just slowly drive you crazy. + +I'm saying these things to help you. If you are not in a good mental state right now, and MOASS comes, you might not be thinking rationally. And if you're not thinking rationally, you can make poor decisions with your MOASS money that will bring you back to square one, such as gambling the MOASS money away on options and in casinos. You might not be in the right mind, and spend millions every day until you find yourself $15,000,000 in debt with a visit from the IRS. You might allow yourself to be taken advantage of like the lotto winner example from my DD [What You Should Do After MOASS](https://www.reddit.com/r/Superstonk/comments/o97qje/what_you_should_do_after_the_moass_must_read/). Again, MOASS only happens once, so if you mess up because of your lapse in judgement, you cannot redo MOASS to get everything back. + +I'm telling you right now, if you are not in a good mental state before MOASS, you can easily lose the MOASS gains by poor decisions, whether it be dumb financial decisions, or getting scammed/taken advantage of by others, or simply a combination of the two. 70% of lotto winners go broke [within a few years](https://www.cleveland.com/business/2016/01/why_do_70_percent_of_lottery_w.html). If I randomly pick out 10 Apes right now, statistically speaking, 7 of them will lose their MOASS money within a few years. I don't want to see that happen. You might think "oh, but that can never be me", and it's that lack of humility that could very well be your downfall. It *can* very well be you, and that's exactly why you need to be extra careful and extra focused on maintaining a sound, rational mind for when MOASS comes. I know what that type of money can do to you. When I became a millionaire last year, I felt invincible, like I could do anything. Pair that moral hazard with a serious mental health problem, and you can *easily* lose that MOASS money. + +That being said, one of the most important things Apes can do is focus on their mental health in preparation for MOASS gains; the longevity of your future, post-MOASS, is dependent on it. + +It doesn't matter how long it takes until MOASS, whether it happens now or 2 years from now. I think the 2 main factors that will contribute to MOASS happening are (1) DRS and (2) the market crash. Those two are the biggest one's. In the meantime, if you'd like, you're more than welcome to follow the guidelines I set out in this DD to help prepare yourself before MOASS. We have time, and that's a good thing. The longer this takes, the stronger your position, and more prepared you can be. + +MOASS is inevitable. It will happen, regardless of whether or not you choose to prepare yourself for MOASS. The pressure is too great, and the DRS movement is unstoppable at this point. Millions of Apes with billions of dollars backing registered GME shares. Every purple circle that gets posted in this sub is a testament to the strength of the DRS train, and a further pain in the ass for SHFs. + +https://i.redd.it/un66jpyvgy2a1.gif +Hi! + + +Basically I’m a novice trader and want to keep my losses to a minimum (yeah, right) as I don’t have that much of a sum to trade with. + +So I took a “genius” decision to start with basically two approaches: + +* found this app that told me to invest in Domino’s → actually took a 4% profit +* basically just believed in overall GameStop hype → let’s just say, that I just lost a lot + +Basically I realise that was all done without much thinking (especially the second one) and looking for some advice on how to stop gambling and start actually trading. +I did found some tutorials on basics on this app, but still either don't get it or don't trust the whole predicting thing. + +What do you guys think about this, is maybe some advice on how to build my approach? + hello, and thanks in advance for all the readers. I just turned 22, doing at the moment a dual degree in a field with high demand (Bachelor in business administration & Data analytics), with an average salary of 3k at the end of my studies. I graduate in 2 years. For now i have a job and my parents who pay rent, this would allow me to invest around 60 euros/month for the remaining of my studies. + +Some info: + +\- Earning 0k a year in Spain after paying for rent/expenses, but can invest 60e a month + +\- Can both have fiscal residence in Monaco/Spain. + +\- No investments/private pensions yet + +\- Around 50k Student debt that i will begin to pay back after my studies + +\- No main liabilities expect student debt with low Interest to pay, but a car for my future job + +I'm still very young, and i'm very dedicated to learn how to use the money i can put aside, if you were in my case, what would you spend the 60 euros on ? + +Also, since i'm planing for the long term, when i'm able to save money from my work in two years, what would be the next step of my investent portfolio ? + +I'd also appreciate any help/advice if you have any. Many thanks in advance, + +Alex +I apologise if this is an elementary question, both myself and my husband come from extremely poor backgrounds where almost no one we knew even had a job, let alone donated to charity. + +My husband and I have found ourselves suddenly quite wealthy, after many years of saving and living very frugally. + +We would like to start giving back. + +I earn quite a lot ($240,000 per annum, Professor with a top-up), and propose that for the next year, I donate the equivalent of any residual tax that I pay to charity. This is the first year I’ve earned this salary and my tax is likely to be about 60k before deductions. + +So am I permitted to donate 60k to tax deductible charities and then claim this back at tax time? Is this ‘cheating’ the tax system or a reward for benevolence instead of buying an investment property or more shares? Is there a limit on the extent of charitable donations that one can make per annum? +I am using the free plan of INDMoney for a couple of months now. I recently got introduced to Artos on one of the threads on this forum. + +What are the pros and cons of each? Is one preferable over the other in terms of better features, improved privacy and security, etc.? +**Obligatory: I am not a financial advisor. I don’t even work in the field. I just really like data, research, and using my noodle for something other than keeping my ears apart.** + +**Tl;dr** \*Scoots chair around uncomfortably… Again\* During the 2008 crisis Citadel was lending securities to AIG who was lending those securities out to hedge funds to be shorted. This shorting plan backfired and led to staggering loses by AIG and Citadel. Citadel was bailed out before 12/31/2008 with $200 Million dollars, due to the losses incurred by AIG, through the “Emergency Economic Stabilization Act of 2008", also known as the “Bank Bailout of 2008”. GME short interest got down to 3.93% on October 31st, 2008 then began climbing. Citadel substantially increased their GME positions in the first quarter of 2009 (when the economy was still in the toilet) after receiving their bailout money. Citadel used the bailout to begin the journey of shorting Gamestop. + +https://preview.redd.it/j8hy9f81xzc71.jpg?width=464&format=pjpg&auto=webp&s=b00566ae962c4fbdd5d95f8e311233feb5897c1c + +https://preview.redd.it/spl5cef3xzc71.jpg?width=605&format=pjpg&auto=webp&s=1a27eee050ea0a0703430e75ec7ba50a2626516b + +# American International Group (AIG) & Citadel Securities Lending and Subsequent Bailout + +Like everything else, this story begins with 2008. An insurance GIANT by the name of AIG controlled assets of roughly $1 Trillion prior to the 2008 crash. However, during 2008 they lost a staggering amount of money, to the tune of $99.2 Billion. The primary narrative of these loses has been tied to the credit default swaps going belly up, BUT Robert McDonald, a professor of finance at the Kellogg School of Management, and Anna Paulson of the Federal Reserve Bank of Chicago did a study showing that securities lending “lost AIG $21 billion and bears a large part of the blame.” [Kellogg-Northwestern Article](https://insight.kellogg.northwestern.edu/article/what-went-wrong-at-aig) + +A firm you may be familiar with, Citadel Investment Group, was a securities lending counterparty of AIGs, and had lent out securities to AIG so that AIG could relend those securities to hedge funds to be shorted. “This business was famously catastrophic for AIG, causing a firestorm of losses for the company.” Normally, these types of losses would be very difficult for counterparties to recover from if they were left empty handed. BUT, thankfully for Citadel and their mayo safe, you and your tax dollars stepped in to save the day by providing $200 Million of relief sometime from 9/16/2008 – 12/31/2008… Shocked? Me neither. Never mind the trillions in housing wealth, retirement funds, and millions of jobs that were lost by the American people, at least Citadel and the banks were safe. + +[Hedge Funds Got Bailouts Too](https://www.businessinsider.com/hedge-funds-got-bailout-bucks-too-2009-3) + +[NY Times - AIG Bailout List](http://graphics8.nytimes.com/packages/images/nytint/docs/aig-bailout-disclosed-counterparties/original.pdf) + +[Bank Bailout Costs Taxpayers](https://www.theguardian.com/commentisfree/2013/may/28/bank-bailout-cost-taxpayers) + +# GME Short Interest + +Much like my [post](https://www.reddit.com/r/Superstonk/comments/oiwpxj/covid19_the_cares_act_and_undeniable_greed_the/?utm_source=share&utm_medium=web2x&context=3) regarding forgivable PPP funds being lent out and most likely used to aggressively short GME in 2020, I originally began this journey comparing Margin Debt to GME statistics to show how the current levels of margin debt relate to leverage in short interest. To truly grasp an understanding of the comparison, I needed to go back in time to see when GME short interest bottomed out and started its upward ascent. Oddly enough, short interest had been decreasing on GME until 10/31/2008 where it hit 3.93% of shares outstanding (all shares). From that point on, GME’s short interest has been steadily climbing. What odd timing I say to myself, thinking about the PPP funds. + +[ This graph shows that after Citadel was bailed out with $200M, the short interest on GME began climbing steadily.](https://preview.redd.it/hbr1jizq00d71.jpg?width=799&format=pjpg&auto=webp&s=976e3cbb520fee1639fbc8ea4541b5265f0dc929) + +# Citadel 13F Filings + +Citadel was bailed out… GME short interest began to climb. There’s no way a correlation exists, right? Wrong. + +Here is **Citadel’s GME positions on their 13F filing for Q3-2008 (quarter ends on 9/30/08):** + +https://preview.redd.it/sh9bhql410d71.jpg?width=872&format=pjpg&auto=webp&s=45b231708f07c21d20f071f3f0ae22c0ad83fb94 + +Yes, it looks like they’re most likely marrying calls/puts to hide short interest, but otherwise there isn’t anything overly special here. + +**Citadel’s 13F for Q4-2008 (quarter ends on 12/31/2008):** + +https://preview.redd.it/cbr7mp1f10d71.jpg?width=830&format=pjpg&auto=webp&s=663d822f72f60f96be7d91b46bb3df346fcd40e8 + +Citadel owns shares of GME now (6,265), whereas their previous filing showed only calls/puts and no actual shares in their possession. However, this is a relatively small number of shares so let’s not get carried away with our thoughts on them using their bailout money to short GME. + +**Citadel’s 13F for Q1-2009 (we know, with certainty, that Citadel has received its bailout money by this point. Quarter ends on 3/31/2009):** + +https://preview.redd.it/jyo8e88p10d71.jpg?width=865&format=pjpg&auto=webp&s=3346cd5dee0c0cceda8dbacb472e59780f14cec3 + +Well, that seems to show a rather large increase in shares owned by Citadel, and that’s because it is. In the first quarter of 2009, Citadel increased their shares owned by 836,479. They also increased their GME call options by 29,200 positions, and their puts 86,900 positions compared to the prior filing. + +https://preview.redd.it/k9ftawj520d71.jpg?width=305&format=pjpg&auto=webp&s=2e467430b14d2cc95038ac707cd9b8910ebb3da3 + +So, let’s tie this all together with a pretty bow. AIG needed a bailout because, in part, they fucked up their own shorting scheme. This caused losses for AIG’s securities lender, Citadel, who was also bailed out. GME short interest had been declining coming into October of 2008. After it got down to 3.93% on 10/31/2008 it began to climb. Citadel received a $200 Million bailout sometime before 12/31/2008. By 3/31/2009, Citadel had rapidly accumulated GME shares and calls/puts. Who here thinks Citadel was long on GME on these 1st quarter purchases of 2009 when the economy was still in the crapper? + +**Citadel used the 2008 bailout to begin shorting Gamestop. Change my mind.** +**EDIT: Moving this version of a TL:DR to the top. Yes, this is a ton of information and yes, it seems very complicated. I tried to break it down into different transaction types because there are a lot of questions about what is taxed and what isn’t.** + +**Generally speaking, you will either incur no tax, income tax, or capital gains tax depending on the transaction type. Also, generally, crypto that you receive as rewards (staking, interest) are taxed as income. Cryptocurrency that you sell will generate capital gains/loss tax.** + +**As of right now, rewards from debit/credit cards are not taxed as income. The IRS views crypto back the same way as it views cash back or airline miles earned from cards, as a discount on your purchase, not as income.** + +**Anything in this post could become irrelevant if tax code/law changes.** + +___ + + +Which transactions are taxable events and which ones aren’t? What has to be reported and what doesn’t? + +Fair warning: This is going to be a long post with a lot of information. This entire post is a TL:DR of cryptocurrency taxes. + +….but I reluctantly added a TLDR at the end + +There are tax laws that absolutely apply, guidance issued by the IRS that isn’t law, and scenarios where no one knows what the hell to do. I’ve tried to sort it out. + + +###I’m not a tax expert. I’m not a financial advisor. I’m literally a random Kevin. Use this post as a starting point. Do your own research. + + +One of my main sources for this post is the Internal Revenue Service’s website. I’ll list other sources at the end. + +May the wings of capital gains carry you a loft to dance on the moon. + +___ + + +## TABLE OF CONTENTS + +**1) A Cryptocurrency description from the Internal Revenue Service Of The United States of America** + +**2) Types of taxes associated with crypto and their rates** + - 2A) Income taxes and 2021 brackets + - 2B) Short term capital gains and 2021 brackets + - 2C) Long term capital gains and 2021 brackets + - 2D) Collectable Capital gains + +**3) Taxable events, corresponding tax rates, non taxable events, required reporting** + - 3A) Purchasing + - 3B) Holding (HODL) + - 3C) Transferring between wallets + - 3D) Debit/credit/prepaid crypto back rewards cards + - 3E) Staking rewards + - 3F) Interest payments + - 3G) Airdrops + - 3H) Crypto to fiat sells + - 3I) Crypto to crypto sells + - 3J) Mining rewards (staking as well for the most part) + - 3K) Crypto received as payments for goods and services + - 3L) NFTs (regular and liquidity) + +**4) Determining your taxable profit/loss and your tax liability with examples of transactions from section 3** +- EXAMPLE 1: Determining gains and taxes owed on crypto you purchased with fiat and sold for fiat +- EXAMPLE 2: Using the First In First Out method to determine capital gains. (I use FIFO as an example and I use FIFO personally but it’s not the only method) +- EXAMPLE 3: Determining tax liability on staking rewards that you did not sale. (Applies to interest, airdrops) +- EXAMPLE 4: Determining tax liability on staking rewards that you did sale. (applies to interest, airdrops) +- EXAMPLE 5: Crypto to crypto trades +- Tips on minimizing taxes owed (lawfully) included + +**5) Glossary and Sources** + - Important words, phrases, and abbreviations in this post that are distinguished by being both ***bold*** and ***italicized*** can be found in the glossary. + +Some words may seem self explanatory but are defined differently by the IRS for tax purposes. + + +___ + + +##SECTION 1: Excerpts from the ***IRS*** description of cryptocurrency as stated on IRS. GOV + +“Cryptocurrency is a type of virtual currency that uses cryptography to secure transactions that are digitally recorded on a distributed ledger, such as a blockchain.”\ +“Virtual currency is a digital representation of value, other than a representation of the U.S. dollar or a foreign currency (“real currency”), that functions as a unit of account, a store of value, and a medium of exchange.”\ +“Regardless of the label applied, if a particular asset has the characteristics of virtual currency, it will be treated as virtual currency for Federal income tax purposes.”\ +“Virtual currency is treated as property and general tax principles applicable to property transactions apply to transactions using virtual currency.” + +___ + + +##SECTION 2: Types of taxes associated with crypto and their rates + +###2A Income Tax + +Your ***tax liability*** for certain cryptocurrency transactions (listed and explained in section 3) will be based on one of the seven tax rates that apply to you based on your ***adjusted*** ***gross*** ***income*** and filing status. + +The proceeds you receive from qualifying transactions will be taxed according to your personal income bracket along with the rest of your income. This is a different tax than the tax that’s levied on the sale of ***capital*** ***assets***. + +The 2021 income tax brackets: + +| RATE | SINGLE | MARRIED/JOINT | +|:-|-:|:-:| +| 10% | $0-$9,950 | $0-$19,000 | +| 12% | $9,951-$40,525 | $19,901-$81,050 | +| 22% | $40,526-$86,375 | $81,051-$172,750 | +| 24% | $86,376-$164,925 | $172,751-$329,850 | +| 32% | $164,296-$209,425 | $329,851-$418,850 | +| 35% | $209,426-$523,600 | $418,851-$628,300 | +| 37% | $523,601 + | $628,301 + | + +| RATE | MARRIED/SEPARATE | HEAD OF HOUSE | +|:-|-:|:-:| +| 10% | $0-$9,950 | $0-$14,200 | +| 12% | $9,951-$40,525 | $14,201-$54,200 | +| 22% | $40,526-$86,376 | $54,201-$86,350 | +| 24% | $86,376-$164,925 | $86,351-$164,900 | +| 32% | $164,926-$209,425 | $164,901-$209,400 | +| 35% | $209,426-$314,150 | $209,401-$523,600 | +| 37% | $314,151 + | $523,601 + | + +###2B Capital Gains: Short Term + +Short term capital gains tax is applied to the ***realized*** ***gains*** from the selling, trading, or ***disposal*** of cryptocurrency that you’ve held for less than one year. + +The tax rate is the same as the rate you’d pay for ordinary income, based on your personal tax bracket, the same brackets listed above in section 2A. + + +###2C Capital Gains: Long Term + +Long term capital gains tax is applied to crypto that you hold for more than one year before selling or trading. These rates are typically much lower than ordinary income. 2021 long term capital gains brackets: + +| RATE | SINGLE | MARRIED FILING SEPARATE | +|:-|-:|:-:| +| 0% | $0-$40,000 | $0-$40,000 | +| 15% | $40,401-$445,850 | $40,401-$445,850 | +| 20% | $445,000 + | $445,000 | + +| RATE | MARRIED FILING JOINT | HEAD OF HOUSEHOLD | +|:-|-:|:-:| +| 0% | $0-$80,000 | $0-$54,100 | +| 15% | $80,801-$501,600 | $54,101-$473,750 | +| 20% | $501,600 + | $473,751 + | + +___ + +###2C Collectible Capital Gains + +The IRS has not issued a definitive guidance on how certain cryptocurrency may be taxed in this way but a growing opinion is that some tokens will fall under the IRS definition of ***collectible*** ***capital*** ***assets***. This tax has a flat rate of 28% We’ll cover these tokens in the next section. Can you guess what’s in question? + +The IRS defines collectible assets broadly. Any work of art, most metals, gems, coins and this super general statement: Any personal property that the IRS determines a collectible under ***IRC*** ***Section*** ***408(m)***. + +**It is important to point out that each block of income is taxed at the rate it corresponds to and capital gains do to push your ordinary income into higher tax bracket. I’ll repeat this again later because it can be quite confusing.** + +___ + + +##SECTION 3 Taxable events, corresponding tax rates, non taxable events, and required reporting + +The part you’ve been waiting for! Which cryptocurrency transactions trigger a ***taxable*** ***event*** ? How are they taxed? Let’s explore. + +Examples in **Section 4** for different scenarios. + +###3A 3B 3C Purchasing, Holding and Transferring. + +These are not taxable events. No tax liability of any kind is incurred by these actions alone and you don’t have to report crypto that you buy and transfer if you don’t sell or trade it. Even if the value of your crypto rises or falls dramatically, you own no taxes because you have not realized gains. + +**NOTE:** Having a Record of every transaction you make, regardless of tax liability or the current reporting requirement, is very important. + +To be able to properly report when you *do* trigger a taxable event you’ll need to know either your ***cost*** ***basis*** or the ***fair*** ***market*** ***value*** (one of these apply depending on how you acquired it and what you do with it) for each transaction, the amount of fiat spent, the amount of crypto purchased, the date of purchase and any fees you paid. + +It’s also important to note that your cost basis is different than your ***average*** ***cost***. + +###3D Crypt rewards cards: general + +Generally, the IRS categorizes credit and debit card rewards as non-taxable. They are treated as rebates or discounts on what you purchased. + +That implies that for now, all those juicy crypto back rewards we get do not trigger any taxable event and no reporting requirements upon receipt (Capital gains, income, or otherwise). + +Selling them will trigger a taxable event though, so you’ll need to know the fair market value at the time you received the rewards and the amount received for each transaction. +Sounds like a hassle? There are multiple ways to record transactions, I do it manually through Blockfolio (now FTX) but there’s software that can track *almost* everything. + +**NOTE** If you receive cryptocurrency through rewards, staking, interest or any means other than purchasing (using fiat or crypto) the fair market value (market price) at the time you received them becomes your cost basis for tax purposes. + +Some platforms may send you a ***1099-MISC*** if you go over a certain amount of rewards, but that doesn’t make it taxable. Whether something is listed on a 1099-MISC and whether it’s taxable are two different questions. + + - ###Crypto rewards cards: Fiat Payments + +Crypto rewards Cards that are pre-loaded with fiat, or that utilize fiat as the means of payment, do not trigger a taxable event when you make a purchase using the card and receive crypto back because you are paying with the US Dollar, the ***legal*** ***tender*** of The United States. + + + - ###Crypto rewards cards: Crypto Payments + +Cards that spend your crypto, whether they are rewards cards or not, trigger a taxable event. (stable coins are no exception, but do not incur tax liabilities in *most* cases) When using a card to spend crypto, the card issuing platform is liquidating your crypto to fiat then using the fiat for the purchase via the card, this is a disposal of a capital asset. + +Even if the provider of the goods/service you purchase from accepts crypto, and you actually transfer your crypto to them via a card or any other method, you are triggering a taxable event by trading crypto for goods and services. + + + - ###Crypto rewards cards: Stable coin payments + +Crypto Card issuing platforms that guarantee a 1:1 ratio between US Dollars and the stable coin the card utilizes, will not result in capital gains or losses, but, once again this is the disposal of a capital asset so each transaction is still required to be reported. + +Stable coins are still cryptocurrency and this means that transactions involving stable coins are disposal of capital assets. Although minimal, stable coin prices can fluctuate. If you’re not guaranteed a 1:1 ratio, you may trigger a taxable event and you’ll need to calculate your profit or loss. + +While using your crypto to pay for goods and services via a pre-loaded card triggers a taxable event, it doesn’t always result in a capital gain. If the fair market value at the time of your payment to a merchant is lower than your cost basis, you may actually incur a ***capital*** ***loss*** that can be used to offset gains. (With some exceptions) + +###3E 3F 3G Staking Rewards, Earning interest, (including Defi) and Airdrops + +Each one of these transactions trigger a taxable event. They are viewed by the IRS in the same way as fiat interest in traditional finance. They are required to be reported and are taxed as income at your personal tax rate, not as capital gains… unless or until you sell. + +What separates these payments from traditional fiat interest is in crypto, for each individual transaction, you need to know the fair market value on the date you received the crypto because upon selling these rewards, the fair market value becomes the cost basis that you must use to calculate your profit/loss and the resulting capital gain or capital loss. + + +###3H 3I Selling crypto for fiat and crypto to crypto trades/transactions + +These are both taxable events and both result in capital gains/loss tax. Selling crypto, your property as defined by the IRS, is of course a taxable event and profit is taxed the same as stocks, gold, or any other “property”. Capital gains apply, either short or long term and according to the bracket you’re in. + +Trading one crypto to another crypto is taxed exactly the same way. You’re disposing of one asset and purchasing another that are both valued in US dollars. + +###3J Cryptocurrency mining and (staking revisited) + +Tax calculations based on the receiving of cryptocurrency through mining are taxed similarly to staking and there’s a lot of debate about this, especially staking rewards. + +According to the IRS, when a taxpayer successfully mines Bitcoin or other cryptocurrency he/she must include it in their gross income after determining the fair market value at the time they receive it. + +There are two ways to report mining rewards on your taxes: as a ***hobby*** or as a ***business*** as defined by the IRS. In both, much like interest, Airdrops, and staking rewards, the fair market value (at the time you received them) of your mining rewards will be considered income and taxed at your personal tax bracket. + +As a hobby, this will be reported on ***form*** ***1040*** as “other income”. If you run a mining operation as a business, you can fully deduct expenses and the net profit is taxable and reported on ***Schedule*** ***C***. + +###3K Crypto received as payments for goods and services, crypto received as wages and salary and using crypto to pay employees + + - ###Crypto received as payment for goods and services + +Similar to mining, payments received in Cryptocurrency must be converted to their value in US dollars and included as income. Expenses can be deducted if you are a business owner. + + - ###Crypto received as a form of wage or salary payment, for employees and employers. + +Employers must convert employee earnings paid in crypto to US dollars on the employees W-2 form. These wages are subject to the same withholdings as payment in US dollars. Employers also incur capital gains tax for disposing of their crypto as payment to employees. + +And again, the fair market value at the time you receive the crypto becomes your cost basis if you trade. + +###3L NFTs + +Creating an NFT is not a taxable event, and has no value to report when you create it, (if you paid a network or Gas fee with crypto to mint the NFT, that is a disposal and Capital gains apply as if you sold or traded) however, it is considered a cryptocurrency by the IRS. Trading an NFT for another NFT, disposing of an NFT for a fungible cryptocurrency or US dollars is a taxable event subject to capital gains/losses. + +Many NFTs are considered collectibles and may fall under the IRS definition of a ***collectible*** ***capital*** ***asset***. The IRS has not issued guidance on this so the presumption right now is to use the definition of a standard capital asset. + +Trading cards, for example, are not specifically listed by the IRS as collectible capital assets but have historically been taxed as such and this brings to mind NFTs like the NBA Top Shots series. + +The short term rule applies to collectibles in the same way as regular capital gains tax, it’s based on your income tax bracket. However, Long term collectible capital gains tax is a flat 28%. That’s strange to me. + +**I want to reiterate that currently the IRS has not stated that any cryptocurrency is to be taxed as a collectible capital asset tax. It is not out of the realm of possibility for them to do so and it’s something to keep in mind.** + +There are NFTs that do not fit the definition of a collectible. Take Uniswap V3 as an example. Liquidity positions are not represented by ERC-20 tokens anymore, they are represented by NFTs and are obviously different than NFTs that represent art of any kind. + +___ + +##SECTION 4 Determining your profit/loss from different transactions and your tax liability with examples of transactions from section 3 + +You’re going to basically need a record of every transaction that involves cryptocurrency. You can do it manually with a notes app, excel spreadsheet or a crypto tax software tool that pulls the information from all your exchanges and wallets. Some of these software programs don’t cover everything though. You’ll get reports from many exchanges and you can find a record of your transactions on these exchanges. + +####INFO YOU’ll NEED + - cost basis or fair market value + - how you acquired the crypto (income or purchase) + - how much crypto you acquired or sold + - how much fiat you invested or how much fiat received for the sell + - the date you acquired or sold the crypto + + +###EXAMPLE 1 Determining capital gain and taxes owed on crypto you bought, held, transferred then later sold. + +**NOTE**: Remember to include fees. Fees increase your costs basis which serves to lower your Capital gains, assuming you buy low sell high. + + - Frank buys 10 ETH on December 10, 2020. 1 ETH was $1000 and he paid a 0.5% fee - He spent $10,050 + - The transaction fee was 0.5%, or $50 + - $10,000 invested + $50 in fees = $10,050 / 10 ETH = **$1005** cost basis per ETH + - Frank transfers the 10 ETH to a ledger where he plans to hold it for one year. + + **NOTE** No fee = Cost basis is the exact price per coin. Fee = include the fee, $50 in this case, to your total investment, divide total investment by total coins purchased. (If you incur other fees for transfers, those can be included as well.) Cost basis is now $1005 for tax purposes. + +If you incur fees when you sale, deduct those fees from your total proceeds. + + - On December 11, 2021 (over 1 year later) Frank transfers back to an exchange and sells 5 of his 10 ETH when Ethereum his $10,000. He pays $250 in fees. Remember that he paid $1005 per ETH when he made his purchase. + + - 5 ETH X $10,000 per ETH = $50,000 - $250 fee = **$49,750** net proceeds + - The next step is to deduct your cost basis from your proceeds from the sale. + - **$1005** cost basis X 5 ETH = **$5025** total cost basis + - Net proceeds $49,750 - $5025 cost basis is **$44,725** long term capital gain. + - Frank is married and they file jointly, she has a boyfriend but that doesn’t affect taxes. Their ordinary taxable income (not including the crypto proceeds) is $90,000 which puts them in the 15% long term capital gains bracket. + +**NOTE** capital gains cannot push your ordinary income into a higher tax bracket. + + - $44,725 capital gain X 0.15 (taxed at 15%) capital gain tax rate = **$6,708.75** owed in capital gains tax + +### EXAMPLE 2 Expanding on the above scenario to illustrate the FIFO (first in first out) method of tax reporting. + + + - Frank also purchased 2 more ETH in March 2021 (we’ll assume no fees this time for simplicity). Ethereum was $2,500. His cost basis for these 2 ETH is $2,500 each. + - We know from the first example that Frank sold 5 ETH from the original 10 he purchased. He now has 7 ETH. 5 left with a cost basis of **$1005** and 2 with a cost basis of **$2,500** + - On January 1, 2022 Ethereum drops to $2000 and He sells 6 ETH + - 6 ETH X $2000 = **$12,000** net proceeds + +**IMPORTANT NOTE**: Since Frank has two different cost basis for Ethereum and his sale was for more ETH than he owns at the first cost basis of $1005, the sell needs to be split into two transactions when figuring taxes. + +FULL TRANSACTION +6 ETH sold at $2,000 ETH = $12,000 + + +TAX TRANSACTION ONE + - He has 5 ETH from 2020 with a cost basis of $1005 per ETH They were purchased first, they sell first. FIFO + - 5 ETH @ $1005 cost basis = $5025 cost basis, sold for $2000 per ETH or $10,000 total proceeds + - $10,000 proceeds - $5025 cost basis = **$4,975 LONG TERM NET GAIN on these 5 ETH** + +TAX TRANSACTION TWO + - He has 2 ETH that he purchased for $2,500 and sold one of them (he sold 6 total, the 5 left from his original purchase plus 1 from his latest purchase = 6) + - All 10 of the original ETH he bought have been sold. He must now use 1 of the 2 he recently purchased to determine his tax liability on this 6 ETH sale. + - 1 ETH @ $2,500 cost basis sold for $2,000 total + - $2,000 proceeds - $2,500 cost basis = **$500 SHORT TERM NET LOSS** + + - Frank has two taxable situations here that resulted from one sale. A **$4,975 long term capital gain** that he owes 15% tax on ($746.25) and a **$500 Capital loss** that he can claim. + +**NOTE** Capital losses are first used to offset gains of the same type. So, short term losses are first deducted from short term gains and long term against long term. Losses of either type that are higher than gains of the same type can then be used to deduct against the other kind of gain. + +###If you have an overall net capital loss for a tax year, you can deduct up to $3,000 of that loss against your income. Any capital loss in excess of $3,000 can be carried over to subsequent years and deducted against capital gains first then other kinds of income. Married filing separate is $1,500 for these scenarios. + +###EXAMPLE 3 crypto received as staking or interest payments. Claiming them as income. + +Karen has 10,000 ADA that she wants to stake. She staked and received rewards in February. + +| REWARD/DATE | ADA FMV | REWARD VALUE | +|:-|-:|:-:| +| 6.124 FEB 5 | $0.44 | $2.69 | +| 6.654 FEB 10 | $0.93 | $4.26 | +| 5.976 FEB 15 | $0.86 | $3.53 | +| 6.612 FEB 20 | $1.12 | $7.41 | +| 6.489 FEB 25 | $1.08 | $7.01 | + + *FMV in the table is Fair Market Value, the price 1 ADA was trading for at the time rewards were received. +- Karen earned 31.855 ADA + - Each of these rewards has a different fair market value( $.44 $.93 $.86 $1.12 $1.08 per ADA) and, as shown, represent income of $2.69 + $4.26 + $3.53 + $7.41 + $7.01 each for a total of **$24.90 of income**. + - This $24.90 will simply be added together with the rest of Karen’s taxable income. + - Karen is single and has an adjustment gross income of $35,020 which includes the staking income. + - $35,020 puts her in the 12% bracket, with the first $9,950 is taxed at the 10% rate. + - Karen’s owes 10% on the first $9,950 = $995 + - The remaining $25,070 is taxed at 12% = $3008.40 + +###EXAMPLE 4 Expanding on staking rewards. Selling them and using FIFO + +We know that our staking and interest rewards are considered income and taxed according to our personal tax bracket. This changes when you sell your staking reward. You’ll owe capital gains tax. + +In a different scenario, instead of just holding the rewards and claiming them as income, she sold the rewards. + +**NOTE** **If you sell the rewards in the same calendar year that you receive them then you will not claim them as income and claim capital gains, only capital gains. You will use the fair market value to determine your cost basis (same info in the previous table) and short term capital gain.** + +Let’s say Karen sold those first 10,000 and just has the staking rewards left to illustrate. + + - Karen decides to sell the rest of her ADA and all she has left are staking rewards. + - Karen received these ADA as rewards so she’ll have to know the fair market value at the time she received them. + +*same table from above + +| REWARD/DATE | ADA FMV | REWARD VALUE | +|:-|-:|:-:| +| 6.124 FEB 5 | $0.44 | $2.69 | +| 6.654 FEB 10 | $0.93 | $4.26 | +| 5.976 FEB 15 | $0.86 | $3.53 | +| 6.612 FEB 20 | $1.12 | $7.41 | +| 6.489 FEB 25 | $1.08 | $7.01 | + + + + - She sells 18 ADA at $3.00. Assuming these were next on the list to be sold using FIFO, she uses ADA from her first 3 rewards dates. + - This is one sell but remember that we have several different cost basis so we’ll have to break it down. + - First out of her 18 total sell is the 6.124 ADA she received on February 5th, ADA was trading at $0.44 that day, $0.44 is the fair market value and now becomes her Cost basis. + - 6.124 ADA X $0.44 Cost basis = $2.69 total cost + - 6.124 ADA X $3.00 ADA sell price = $18.37 total proceeds + - $18.37 total proceeds - $2.69 total cost = **$15.68 short term capital gain** + - The second part of the 18 ADA transaction will use the 6.654 ADA she received on February 10th with a fair market value, now her cost basis, of $0.93 + - 6.654 ADA X $0.93 cost basis = $5.72 total cost. + - 6.654 ADA X $3.00 ADA sell price = $19.96 proceeds + - $19.96 proceeds - $5.72 = **$14.24 short term capital gain.** + - The third part of the transaction will use 5.222 (6.124 + 6.654 + 5.222 = 18) out of the 5.976 ADA she received on February 15th with a cost basis of $0.86 + - 5.222 ADA X $0.86 cost basis = $4.49 total cost + - 5.222 ADA X $3.00 ADA sale price = $15.67 proceeds + - $15.67 proceeds - $4.49 total cost = **$11.18 short term Capital gains.** + - Now we add each part of the transaction. + - $15.68 + $14.24 + $11.18 = **$41.11 total short term capital gains** from the sale of 18 ADA received as staking rewards. + - Karen is married in this scenario and they had a combined income of $90,000 which puts the top end of their income and the short term gains in the 24% tax bracket. + - Karen and Kevin will owe $9.87 in short term Capital gains tax on the sale of the 18 ADA at $3.00 + +###EXAMPLE 5 Crypto to Crypto trades + + - Kevin wants to buy TRAC but can only find it with a BTC pair. + - He buys $250 worth of Bitcoin at $50,000 + - $250 investment / $50,000 BITCOIN = .005 BTC purchased + - He trades his .005 BTC for 650 TRAC at $0.40 - Bitcoin had risen to $52,000 at the time of his TRAC trade. + - When you trade crypto to crypto, you’re essentially selling one crypto to fiat and buying another crypto. The IRS views this as a disposal of one capital asset and the purchase of another. + - .005 BTC X 52K = $260 / $.40 TRAC = 650 TRAC + - His cost basis for BTC was $50,000 ($250) and when he disposed of it for TRAC the price had risen to $52,000 ($260) + - $260 proceeds - $250 cost = $10 short term capital gain. + - Kevin incurred a capital gain on his BTC to TRAC trade. + +###Ways to minimize taxes owed. + + - Monitor your holding period. Try to turn short term gains into long term gains. + - Use losses to offset gains and wash sales are currently allowed but be careful because the IRS has a clause called ***The Economic Substance Doctrine*** + - Keep records of all of the fees that you pay for everything + - Donate to charity + - Gift crypto to family members + - Consider a crypto self directed retirement account + - If you mine, deduct every expense possible. + - Use every deduction or credit available to lower your taxable income + +___ + + + +___ + + +##GLOSSARY: Internal Revenue Service or economic/accounting definitions + + - 1099-MISC: An Internal Revenue Services form used to report certain types of non-employee compensation. +###A + - Adjusted gross income: Gross income minus all available deductions. + - Average cost: Total cost divided by the total number of units. +###B + - Business: An activity carried on for livelihood or in good faith to make a profit. +###C + - Capital asset: Significant pieces of property whether owned by a business or individual. + - Capital gains: Profit from the sale of property or an investment. + - Capital gains tax: A tax levied on profit from the sale of property or an investment. + - Capital loss: A loss that is incurred when a capital asset is sold for less than the price that was paid for it. + - Collectible capital assets: Alternative investments that include things like art, stamps, coins, cards, comics, rare items, antiques and so on. + - Cost basis: The original value of an item, usually the purchase price and is used to determine capital gain or loss +###D + - Disposal: Asset disposal is the act of selling, trading, or removal of an asset that is no longer needed. +###E + - Economic Substance Doctrine: A tax law under which a transaction must have a substantial purpose aside from reduction of tax liability in order to be considered valid. + +###F + - Fair market value: The price that an asset would or did sell for at a given time on an open market. + - Form 1040: A common tax form used by US taxpayers to file an annual income tax return. +###H + - Hobby: An activity that is engaged in for sport or recreation, not to make a profit. +###I + - IRC section 408(m): An Internal Revenue Service document that explains and helps determine the consequences of investing in collectibles in an individually directed account. + - Internal Revenue Service (IRS): The revenue service of the United States federal government that is responsible for collecting taxes and administering the revenue code. +###L + - Legal tender: Anything recognized by law as a means to settle public or private debt, or meet a financial obligation. +###R + - Realize Gains: The difference in investment amount and proceeds when an investment is sold for a higher price than it was purchased. +###S + - Schedule C: The IRS tax form used to report income or loss from a business you operated or as a profession you practiced as the sole proprietor. +###T + - Taxable Event: Any action or transaction that may result in taxes owed to the government. + - Tax liability: The total amount of tax debt owed. + +*sources for definitions and information in the post.* IRS. GOV • Investopedia • cryptotrader .tax • sourceforge .net • coin telegraph • cointracking .info • Forbes advisor • thebalance .com • bankrate • taxbit .com • + + +___ + + +This post was born from my research into tax law and code due to my disagreements with the way newly mined or minted coins are taxed. + +___ + +TLDR: If you purchase crypto, you pay capital gains/loss when you sell. If it’s a reward (except from crypto back cards) from interest, staking or mining, you owe income tax on it and if you sell it then you owe capital gains tax. + +Any crypto you trade/sell/dispose of is subject to Capital gains tax. + +___ + + + +###Edit: There is software that can compile most of your trading, staking, etc for you. Koinly, CrytoTrader,Tax and CoinTracker are highly recommended. + +###Edit: You don’t have to use FIFO, that’s just a common method and most preferred. It’s easier to keep up with in my opinion but that’s your choice. + +###Edit: It’s important to note that long term Capital gains will not push your ordinary income into a higher tax bracket. Your ordinary income is taxed first. +So this is pretty exciting. + +I've been monitoring subdomains and a new one popped up yesterday: [**wallet.gstop-sandbox.com**](https://wallet.gstop-sandbox.com) + +[crt.sh](https://crt.sh/?id=5781157873) | [Google](https://transparencyreport.google.com/https/certificates?hl=en&cert_search_auth=&cert_search_cert=&cert_search=include_subdomains:false;domain:wallet.gstop-sandbox.com&lu=cert_search) + +https://preview.redd.it/vbk2mkuu78581.png?width=1164&format=png&auto=webp&s=4d7e00d50a3bbf4e5d3d3373b7f4dcedfa64c5ae + +The domain [gstop-sandbox.com](https://gstop-sandbox.com) showed up in the Loopring Github Code leak and has been [confirmed](https://www.reddit.com/r/Superstonk/comments/qyww8m/an_update_on_gamestops_nft_related_domains_new/) (u/Top_Space1099) to be a testing domain for GameStop's NFT platform. + +This is really exciting, they are likely creating their own wallet for the NFT platform. Seems like they are preparing to or ready for wallet testing. + +I'll keep you posted! + +Edit 1: I have been following Loopring closely as well and they are really close to deploying their Counterfactual wallet (a wallet that will immensely help with mass-adoption), as well as fiat on and off ramps (allows you to buy directly onto Layer 2 crypto solutions, like loopring. USD -> Layer 2). Loopring are very close to deploying both of these and I think this is what GameStop needs in order to have a viable platform (**assuming partnership is real**). +Hello + +Last year I bought my first rental property. It was a SFR that was at some point converted into a quad plex. They did sort of a shoddy job but it’s good enough for people to live there. + +I was originally planning on holding it for a few years but as I’ve learned more about real estate investing I’m starting to feel like I should sell the place soon (like this summer) because of the problems I’m starting to realize. + +The mechanicals need to be updated badly but I paid full market value for the house. The market is pretty hot so I could probably sell it for a little bit more this summer but there’s no way I could hire a contractor to address the problems. + +Cons: +The plumbing is galvanized steel and things keep busting. The electrical is wired strangly and can’t handle the load that’s being put on it. The HVAC is from the 80s and while it’s still running like a champ I feel like it’s time is coming. + +Pros: the property is cash flowing very nicely. Once I update the finishes of two of the units, I will be cash flowing around $1k. The area is growing pretty rapidly and housing prices are rising but I can’t tell if it’s because we’re at the peak of the market or if it’s because the area is up and coming. + +The home is in an amazing location for the type of people who would be my target renters. + +What do you guys think? Hold on to the property and update when it makes sense to do so? Or sell now to avoid losing the equity due to the hot market? + + +Edit: +Should probably throw in some numbers: +Purchase price - $118k +Current zestimate- $126k + +Mortgage + ins- $958 +Utilities - $200-400 (right now it’s 400 cause winter) + +Total rents will add up to $2,400 when it’s fully rented +I live in an area with high home costs compared to rent. A $300k home will rent for \~$1300-$1500. My wife and I plan on moving and we wanted to keep our current residence as a rental. I'm hoping to get some help on how to think about this. If we were going straight in as investors, I'm understanding that since this property does not come close to the 1% rule, the risk/reward equation is not where I want it to be. However, since we are already in the property, is there another way of looking at the equation that changes that? + +Does that fact that we only had to put 5% down or maybe that the closing costs have already happened change anything? +I am working a full time job and over the past few years I learned that I am not good at picking stocks. I have had good and bad picks that over time it evens out almost to the level of SPY. I actually wanted to take more risk that SPY and that's why I started buying individual stocks. + +In recent months I started moving my portfolio to TQQQ, SPXL, TMF and some ARK ETFs. Because of my age and future income it makes sense for me to take on riskier investments. + +Moving to ETFs had a nice impact. I don't care about news on companies anymore. I don't care if Tesla sold more cars than NIO or not. I don't count the days to the earning calls to see how my stock pick will perform. It liberated me to focus on my day job which actually funds my investing portfolio + +What your experience with ETFs vs. individual stocks has been? +People are likely going to mass DRS once the world sees what kind of nonsense has taken place with Gamestop. Computershare stands to take over many stocks, probably starting with the other suspected shorted stocks. I believe the only other solution is moving to a blockchain style stock market, but individually none of retail or anyone else can make that happen, that has to come from the top. The top is complicit however, and to become a free and fair market would be to relinquish the power and control over vast swaths of the entire world's economy. They wouldn't do that until they had no choice, and with the speed at which the government moves it would be a nightmare situation before a blockchain was released... +Unless a pesky little company that *just...wouldn't...die...* released their own marketplace. Change is coming, and it is inevitable. The ways of old will soon fall to the wayside. Similar to Renaissance or the Industrial Revolution, the Blockchain Revolution is nearly upon us and will be a profound paradigm shift. +I had to miss a lot of work, used up all leave and now have a lot of debt that is provide hard to get through/ prioritize. Including rent, rental furniture, car payment/running costs and general living cost (food/fuel). +I commute 70mins to work and work full time. Work it night work so public transport is out, fuel can cost around 300 a fortnight I am paid 2200 a fortnight when I work every work day. I am having a hard time getting to work as money runs out for fuel and then I'm paid less next pay. In Australia if it matters. + +Edit, no center link yet. On hold till I can prove kids live with me. + +Edit 2: I have been over whelmed with the support and advice. Thank you all. I have been trying hard to reply to all. Be sure I'm reading and noting all tips. I will post an update when we are doing better. Thank you + +Edit budget: +Wage 2200 p/f. Lately due to not affording fuel I have only made a fee of the nights to work. Last pay was 1300 one before 1800 and 800 before that. Next one I suspect will be around 1600 +Rent 740 p/f this is cheap/ average. No department housing on sunshine coast. +Electricity is paid p/f at 115, no bills sent. +Car is 200 p/f +Rental furniture is 86 p/f +Food is between 300-400p/f +Fuel is approx 300p/f it was expensive recently so was a bit above this. +Internet 30 p/f +Rego is 740 a year and coming up soon +Other expenses ie baby supplies/ school supplies are about 150 p/f +We don't spent much on entertainment as there generally isn't any to spend. + +Wow I'm on mobile sorry that its not formatted. +I hear people say "I'm holding onto Stock ABC until it bounces back so I can break even" + +But what's the reasoning behind this? To avoid a capital loss? So what if you have a capital loss? + +Let's say the company's outlook is not looking good, doesn't it just make more sense to just cut your losses and find a new company to invest in? +Also, is that net or gross income? + +My rent is most likely increasing by $200/m soon, which will be 53% of my net income. I work from home so I’m trying to decide how to best handle the change, financially. +I'm 22 right now, but getting my life in order to retire early- I'm hoping mid 40s but who knows. + +My parents took the very traditional route with employer 401ks and Roths. They are both 56 and could retire this second, if it weren't for healthcare. They will most likely work until 65 due to its costs. What are some solutions to this? + +The only solutions I see: +1. Cross fingers and hope for good health +2. Shell out thousands in insurance costs +3. Move to a country with better healthcare until they hit 65 +4. Hit it big in bitcoin in an HSA + +While I joke, it seems hopeless to me to retire early and have good health insurance without really paying for it. I'd appreciate any advice or discussion. +Alright real talk guys. I saw a fair few of you bought IVZ off the back of my sub par DD. I think some did their own research but I'm worried others bought just because of what I said. Huge concern since I'm still learning about what's what and also because IVZ is a risky ass stock. Risking 100% for 3000%. I do feel the risk is less than it once was as confidence grows on the certainty of a PSA and then farmout soon after. But as u/gt_mutandwa says (look at comment history) he wouldn't trust the Zim govt. + + +Those who did look into it themselves feel the same way I do. Reward is well worth the risk. But you need to accept that you could lose it all. + + +But 3DP is a stock where I don't mind if you don't look into it yourself (still, DYOR) and simply buy off my DD (please DYOR). + + +So here's a recap on the rise of 3DPs shareprice and the events that have brought us to 48c. + + +At 11c or so, Bevan Slattery invested/joined. He's got the Midas touch. Founded NXT ($12) and MP1 ($15) and other hugely successful businesses. So no wonder the price went up with his involvement as smart money follows smart money. Him joining alone brought the share price to around 20c. + + +I forgot what happened to get it to 27c where I first bought in (and accumulated the rest in the mid 40s) but it went from 27c to high 30s in one day off their ACV update anouncement, which showed huge profits and hinted at the behemoth they can/will soon become. Momentum off this announcement carried the SP over the next few days as SP reached a high of 51c before retracing to 39c as red markets and other shit things happened but it has slowly climbed back since. In the last 9 trading days it has averaged a climb of a cent a day to where it is now at 48.5c. + + +Below is the highlights of previous announcement: + + +• US Utilities sector drives 39% growth in ACV in one month +• Pointerra now profitable on an ACV run-rate basis +• New US Defence sector opportunities emerge during Q1 FY21 +• Pointerra’s 3D data marketplace set for soft-launch during Q1 FY21 + + +Why you need to buy 3DP yesterday: + + +We are waiting on the announcement that shows their growth was not a one off fluke. If their next announcements confirms their exponential growth rate, we are expecting to hit between 65c and 85c. +As mentioned in the announcement they have inroads and are presentating to the US dept of defence. If they get a slice of this, hello 100% jump off this alone (my guess). But that may take a while so any further announcement showing progress here should still boost SP. Lots of other potential major clients in the works and any announcements about them should see at least 30% bumps. + + +Why they're unique: + + +They have first mover advantage. No clear cut competitors (some do some things 3DP does but none do all). Their revenue is subscription based and tech is highly scaleable so it costs nothing to bring customers on but customers will stick with them once signed so revenue is recurring and builds month on month. + + +The industry they work in is geospatial data. So with LIDAR and other mapping methods increase in demand (latest apple phone will have LIDAR), they will need 3DP to store, process and analyse the data instead of storing the info of multiple hard drives, requiring physical transfer from user to user (or super slow rendering from the cloud), +3DP compresses and stores in the cloud, ready to be accessed quickly from anywhere. Sounds simple but other companies don't have their patented tech to replicate. + + +Common Q & A’s about Pointerra: + + +1.What do we do? + +We manage, host, analyze and monetize other people’s 3D data for them. + + +2.How do we make money? + +People pay us to manage their data, to develop or source analytics to ask questions of their data and they share revenue with us when we help them to monetize their data. + + +3.Why do people need us? + + +3D data is hard to manage, use, analyze and share. We have proprietary (patent protected) IP that lets us do what we do better than anyone else.Do we have competitors? There are lots of desktop solutions for 3D data and fewer cloud solutions. Most cloud solutions focus on visualization, but the data isn’t readily analyzed - either quickly and efficiently, or at mass scale. Our patents-pending IP allows us to do this better than anyone else. + + +4.Who are our customers? + + +Anyone who is engaged in capturing (surveyors, drone operators, aerial and satellite mapping) or using (AEC sector, asset owners/operators/insurers/regulators) 3D data to plan, design, construct/build, operate, maintain, insure and govern/regulate a physical asset. + +5.What sectors do our customers operate in? + + +Linear infrastructure (road/rail/pipeline/transmission/distribution), non-process infrastructure (civil and built-form) and process infrastructure (mining/oi l& gas plant). + + +6.How much do people pay us? + + +Our Data as a Service (DaaS) solution to manage 3D data using our digital asset management platform is priced based on the amount of data (in terabytes) we are hosting. We also charge customers to build/deploy analytics against their data (Analytics as a Service or AaaS) and where we connect buyers and sellers of 3D data, we typically agree a revenue share via our 3D data marketplace. + + +I challenge anyone to shit on this stock. Two "red flags" identified is if Bevan Slattery dies or leaves. And the other is their website could do with some work. Please find more flags if you can because I plan on going almost all in on this after IVZ rockets. + + +TLDR: share price will (more often than not imo) increase slowly and steadily. Imminent rocket with announcement due soon to take the current SP of 48c to the 65c - 85c range. US DoD potential client. Steady shareprice growth interrupted with random rockets as clients are signed. + + +$5 in 12 months. + + +For the BRN lovers, I'd say BRN has world changing potential and therefore higher upside. But until clients come, I need my money somewhere safer while still having rockets to ride. Plus less manipulators messing around with 3DP shareprice so I can sleep at night. + + +Not financial advice. DYOR. I'm still clueless about stock market and everything in general and there's every chance I'm just a 12 year old kid messing about. + + +Bonus fact, CEO of Nearmap, Rob Newman owns a decent chunk of 3DP (formerly on the board). + + +Tldr 3dp 1 bag in 2 months, 3 bags in 4 months, 10 bags in 12 months. +Getting a little puzzled as to what people are referring to when it sounds like the same thing. If you spend a large amount of time developing a strategy and proving your strategy works then isn't that an edge? Just curious. + +Thanks +I saw this story pop up, and wanted to point something out to the community. + +Kenny is suddenly donating far more to political races than ever before. I think this primarily because he wants to make any scrutiny into his crimes a "political attack", and to buy more influence while he still can. + +Don't take the bait. Don't argue the politics. Don't make it about how all of this team or that team is criminal. Don't write it off as "all politicians are criminals" either. + +Simply: we can't let politics color our perception of Kenny. We already have a sense of the magnitude of his crimes, we can't let his political stunts have *any* impact on our views of him. + +This is especially important if you're talking politics with people *in your same party*. Staunch Reds and staunch Blues rarely convince anyone outside the party of anything. But, if you're talking about the issues with people who *share* your party, your word has significantly more weight when you say, "The SEC & DOJ cracking down on him has nothing to do with politics. He committed massive crimes and deserves to be held to justice, full stop." + +[Billionaire Ken Griffin pushes Illinois GOP to back his slate of candidates for 2022, with Aurora mayor potentially filling the slot for governor, sources say](https://www.chicagotribune.com/politics/ct-illinois-republican-ken-griffin-20211216-w32sdsgucnfzhbjb6yfs72qynq-story.html) +I found the lecture slides from a series on Pairs Trading given at the CASS Business School in London. I thought would be of interest. + +Has anyone tried out the Copula approach? + +Slides + +* [Distance Approach](https://docs.google.com/presentation/d/1oFpv7OUi3W9F2D30rEQRy_Ra5ejLtlCMnk9nTJnMDr4/edit?usp=sharing) +* [Simulating Cointegrated Pairs and Minimum Profit Optimisation](https://drive.google.com/file/d/1ZeJD81OrKln8QDxm1sU63ivRgqXCcQbS/view?usp=sharing) +* [Introduction to Copula-Based Pairs Trading Strategy](https://docs.google.com/presentation/d/19xUNdddCsdXg2KizcUMVvdjhTnA8Cuq293brXB8rSWM/edit?usp=sharing) +* [Machine Learning for Pairs Selection](https://docs.google.com/presentation/d/1Cb9NizOkvCx6-p6X3AVZyxjviub7kF2sCPy2gBiT9nk/edit?usp=sharing) +2 of my banks have just moved me to MasterCard from Visa. Anyone know why these are changing? + +I no longer have any visa cards and want to open a credit card to ensure if MasterCard has issues I can still spend money. + +Preferably not Barclaycard as for some reason they just don't support Google Pay. +**I. Bold headline to grab your attention** + +Some generic garbage about well known investment theories over multiple decades. How are they relevant to a 2 week hail mary prediction? They're not, but it gives the illusion I know what I'm talking about. + +Here is a [bearish article](https://www.marketwatch.com/story/stock-market-hasnt-seen-absolute-bottom-yet-says-mark-mobius-2020-04-14?mod=mw_quote_news) that I'm sure no one will take the time to read, but due to confirmation bias, put holders will automatically agree with. + +**II. Technical analysis** + +Generic fortune telling garbage such as "support" and "resistance" that makes believing in astrology look reasonable by comparison. (Number above where we are) is resistance. (Number below where we are) is support. Doesn't matter if we collapse through support like it's nothing or break through resistance like it's nothing, there is nothing that will prove the generic statements about support and resistance wrong. + +Also I drew some fancy lines that shows this is indeed a bull trap. + +**III. Some other useless garbage about other markets*** + +Mention commodities, including precious metals, perhaps treasuries to make oneself seem knowledgeable. More thoughts on what COULD happen versus what will really happen. + +**TLDR: this is a hail mary prediction that will gain me a cult following if I'm right and I'll just try again on a new account if I'm wrong. God I love reddit and this sub.** + +Edit: The rally from below 2200 to present levels was perfectly predictable, if you looked at fundamentals and technicals. No fucking way I'll say anything of the sort **BEFORE** the fact but I'm pretending to be a timeless sage in hindsight. + +These are interesting levels that I'm keeping an eye on: 2500, 2700, 2950. What does it mean and what tradeable insight are to be gained from these numbers? lol fuck if I know. Also there is a possibility of a rally to 2880 but I'm looking for an initial fall to 2760 this week perhaps maybe. +**A little backstory:** I (29 y/o, $58K/yr) received a very good financial education from my parents growing up, and have worked hard to stay debt free. I have invested well and developed a reasonable amount of savings, but I was married ~2 months ago, and this past weekend, my spouse (26 y/o, $41K/yr) came clean about her debts to me. + +**The situation:** I had her consolidate all of her account information/logins so that I could get a clear picture of what the damage was. She had $17,000 in credit card debt (between 4 cards) and still has ~$8,000 (@8.5%) remaining in student loans. She was very embarrassed and apologetic, and said that she hadn't told me for the past few months because she was afraid of how I would react. + +I reacted well, did not get angry, and thanked her for not keeping this from me longer. I expressed that "This is a financial emergency" and went into "Let's get this taken care of" mode. I transferred ~50% of my savings out to immediately pay off all of the credit cards. We cancelled all of them except for the one that she's had open for several years (for the sake of maintaining her credit), but we shredded it so it can't be used again and will continue to monitor the account. + +I am now kind of giving her a crash course in credit cards, etc, and we are consolidating all of our finances in a way that makes them easier to manage. I've made her an authorized user on one of my cards so that we can monitor spending/cashflow together. + +**My questions for /r/personalfinance are these:** + +1) Should I go ahead and just pay off the student loan as well? + +2) Should we just cancel the remaining credit card, or should I leave it open and just not use it ever again for the sake of her credit health? (If this even makes sense.) + +3) As of right now, we have worked out a "repayment" plan where she will be transferring $500 out of every paycheck into a new savings account that we created together. She will continue this until the balance of the savings account is $17,000. This will then be used for down-payment on our future home. Is having her on a plan like this too strict or wrong of me? Should I just brush this off to having been a lesson learned? + +4) I am having a hard time mentally moving past the fact that it took me so long to save that $17K... I love and trust my wife, and I am committed to her. I know that paying off the debts was the best decision, but I can't help but dwell on the fact that I feel like I made it too easy and non-consequential for her. This feels like an unhealthy mindset. Any guidance for me? + +Any advice or suggestions here would be greatly appreciated. Thanks. + +Edit:[ My update, and a thanks to personalfinance](https://www.reddit.com/r/personalfinance/comments/532294/newly_married_spouse_disclosed_her_debts/d7pfs8t) +Many of us have significant flex in our budget, which makes budgeting somewhat optional. However, it can be an effective tool to monitor for lifestyle creep. + +Sometimes budgets have very fine grain categories, which seems like too much work for the benefit for FatFIRE folks. Do you do something very high level like the following? Or do you find value in a finer grain? + +- Housing +- Basics (bills, groceries, etc) +- Discretionary (shopping, eating out, entertainment, etc) +- Travel +To give a bit more detail, the Algo is currently setup to have equal stop loss and profit target widths. The max holding period is 15 minutes and trades 5 tickers. So it averages 10 to 20 trades a day depending on the signal threshold I pick. + +Yet to do any Sharpe / Sortnio ratio analysis, which probably depends as much if not more on sequential runs of losses / wins. But asking simple questions first. + +Fwiw, depending on signal strength, it can be tuned to get to a higher win rate, approaching 60, but fewer trades. +He naively thinks what we do is gambling — it’s not gambling if you have trading discipline/emotional control, A trading plan, and good risk management + +I personally think day trading is riskier but significantly better at generating a return relative to your run-of-the-mill buy-and-hold investing +https://www.reuters.com/world/us/debt-limit-hike-bill-could-get-us-senate-vote-next-week-sen-durbin-2021-09-22/ + +I've seen users say the GOP resistance in senate will be resolved by a reconciliation bill, but this article has the following quote: + +"House Budget Committee Chairman John Yarmuth said "parliamentary obstacles" prevent Democrats from including language to raise the debt ceiling in a social spending bill moving through Congress under the budget reconciliation maneuver that circumvents the need for Republican votes." + +So, it doesn't seem so straightforward. At the least, next week might be a panicy one in the markets. +Hi friends, we're on day 14 of the FROGE.finance launch, and I'm thrilled to provide you all with the latest updates and developments. + +Please remember that FROGE.finance is **NOT** froge.org ... that site is ... I can't say but they have the same name. You be the judge. We are the one with the charity donation aspect with coolearth foundation. + +[Chart, right now,](https://files.catbox.moe/lkzvct.jpeg) looks like it's ready to take off as news hits. Behind the scenes, FROGE is moving FAST as you'll see below. The support is piling on every day - we have people in the community getting misty eyed from time to time, I'm not kidding. Incredibly bullish signs and sentiments. + +**$FROGE the coin that helps save the planet** 🌎 🌱 + +**Latest Updates:** + +- FROGE official team has some formal marketing enlistments in process... ever get that feeling like everything is about to come together and explode all at once? Yeah. + +- FROGE hodlers have pooled 30k to get a Whitebit listing. YES, it was community funded to expedite the process! As of today APR 1, the fees have been paid, the contracts signs, and integration is underway. We've been given a listing ETA of EARLY NEXT WEEK, and once listed, Whitebit will announce it officially on their social media channels. + +- community collaborating on RAP PARODY "Old Town Froge" ETA a few days? samples so far have been FIRE and good laughs all around + +- We have received some communication from CoolEarth foundation ([reference pic](https://files.catbox.moe/h66lvv.jpeg)) and conducted a meeting with them Tuesday morning! The attitude is that they're happy to work with us moving forward! AWW YISSS! This is pretty big for a memecoin - we are officially and formally the world's first ECOcoin. + +- blockfolio now lists FROGE! [reference pic](https://files.catbox.moe/x47fx9.jpeg) + +- coingecko listing did not arrive expedited as some were predicting, but they are not behind what they promise (they say 7-12 days and we listed 2 weds ago, so Friday 4-2-2021 is 8 days in) + +- whitepaper rough draft created [viewable here](https://files.catbox.moe/r58hru.jpeg) + +- we will be doing an AMA at [t.me/Crypto_Talkzs](https://t.me/Crypto_Talkzs) on April 1st (Thursday) at 2pm UTC (10am EST) + +- creator of HOGE payed a visit in our telegram a few nights ago and gave some high confidence statements. He's been visiting at random to keep up with us! Nice to have him. ["FROGE is in good hands"](https://files.catbox.moe/e806k5.jpg) + +- We have commissioned some other fun things through independent community purchases on fiverr! + +- - social media promotion specialists + +- - google/bing/yahoo promotion + +- - professional anime art featuring Tsuyu Asui holding official papers to stop deforestation. [Here's the WIP!](https://files.catbox.moe/y071h5.jpeg) + +- - tiktok dance videos. check out our [FrogeCommunity youtube channel! We have one posted](https://www.youtube.com/channel/UCTgLe4UMOYAH_YarNLkxv9A) + +- - cartoonists to see what they might do, can't hurt to try right? + +- At 940 holders & 770 telegram members! + +- Professional marketers have volunteered through formal channel with team - formal marketing pushes by the team are coming! + +- Community Marketing team established. The most ambitious of us are dedicating ourselves to the cause and we're discussing many vectors for promotion. Currently, we have the aforementioned fiverr purchases in processing and being releaed almost daily. A lot of it is just for fun and we're enjoying it on our *[telegram channel](https://t.me/frogefinance)* + +- 2 China bros have appeared in our telegram to volunteer for translation and promotion (think of how big on forest conservation sentiments China is these days guys...) + +- TONS of community volunteers. The community wants the project to thrive in large part for the charity aspect! A healthy number of developers have volunteered as well. The official team is anything but shorthanded, and we have some of the brightest minds in the game at our disposal, not just on the official team but also in the community. Hang out in our telegram for long enough, party with us a bit, and you will see for yourself. The charity aspect drives a heightened feeling of ambition in all of us to make this thing thrive and gain truly sustainable wings. FROGE.finance raises money for coolearth foundation, which saves our rainforests by helping local govts around the world make decisions that will not result in deforestation. It's an EXCELLENT cause and they really do a great job. And remember, **$FROGE** Saves the rainforests, yes, but ALSO **saves the entire cryptosphere from the narrative that energy costs negate feasibility.** + +- So far, if I'm keeping count properly, we've been approached by around 7 large-channel "ambassadors", influencers, or admins from around the inernet who want to work with us to promote FROGE to their audiences. Some telegram admins, some crypto channels/popular advocates, and some international groups like facebook page admins. + +- Dextools 100% updated!! Score is now 92!! No more dextools tasks for now. + +- new subreddit r/FrogeFinance secured! We're working on requesting the ownership to r/froge be handed to us as it's been dead for 7 years. + +- admins behind official twitter channel absolutely cranking out great content, for a small example this nice buying guide just posted today at [twitter.com/FrogeFinance](https://twitter.com/FrogeFinance/status/1375025584791826436) + +**Next up for FROGE, upcoming major milestones:** + +- Branding development & propagation + +- CoinMarketCap listing + +- WarOnRugs audit in the works + +- TechRate audit currently processing (ETA Tuesday-ish) + +- WHITEBIT listing PAID FOR via community donation!! You'll want to have your buying finished well before this happens because premature pumps come ahead of news like this. ETA weeks, I think.. I think they are holding off on actually putting the request in to give the community time to grow organically. (they're correcting on lessons learned from HOGE community) + +--- + +Froge site: [froge.finance](http://froge.finance) + +Coolearth site: [coolearth.org](https://coolearth.org) **4.4~18k USD raised so far** + +twitter: [twitter.com/frogefinance](http://twitter.com/frogefinance) + +reddit: [/r/FrogeFinance](http://reddit.com//r/FrogeFinance) + +--- + +**Contract Address:** + +*0x29502fE4d233EF0b45C3647101Fa1252cE0634BD* + +[contract etherscan link](https://etherscan.io/address/0x29502fe4d233ef0b45c3647101fa1252ce0634bd) + +**Uniswap:** + +[https://app.uniswap.org/#/swap?outputCurrency=0x29502fe4d233ef0b45c3647101fa1252ce0634bd](https://app.uniswap.org/#/swap?outputCurrency=0x29502fe4d233ef0b45c3647101fa1252ce0634bd) + +**Locked Liquidity:** + +[https://unicrypt.network/amm/uni/pair/0x30c86753b88d430436b8a6ef23b4c6faa930ad7d](https://unicrypt.network/amm/uni/pair/0x30c86753b88d430436b8a6ef23b4c6faa930ad7d) + +**Dextools:** + +[https://www.dextools.io/app/uniswap/pair-explorer/0x30c86753b88d430436b8a6ef23b4c6faa930ad7d](https://www.dextools.io/app/uniswap/pair-explorer/0x30c86753b88d430436b8a6ef23b4c6faa930ad7d) + +--- + +**Coolearth ETH address for donation** 🌍 🌱 + +[https://www.coolearth.org/cryptocurrency-donations/](https://www.coolearth.org/cryptocurrency-donations/) + +**Froge donation every tx:** + +[https://etherscan.io/token/0x29502fe4d233ef0b45c3647101fa1252ce0634bd?a=0x3c8cb169281196737c493affa8f49a9d823bb9c5](https://etherscan.io/token/0x29502fe4d233ef0b45c3647101fa1252ce0634bd?a=0x3c8cb169281196737c493affa8f49a9d823bb9c5) + +--- + +1% of every tx also distributes back into holder wallets - YES, just by holding you will see your balance constantly rise + +**RUG proof** - check out distribution of top wallets at the [token tracker](https://etherscan.io/token/0x29502fe4d233ef0b45c3647101fa1252ce0634bd), very well distributed and top wallets are not too large. Has locked liquidity and no team tokens. 50% supply burned at creation. + +**Supply Distribution: MORE IDEAL THAN MOST** + +One of the best selling points here is the supply distribution. In fact distribution has continued to improved greatly as time has rolled forward. We used to have a 31bn wallet, 2x 21bn wallets, and the rest of the top 15 holders were around 5-7bn. Now we have a healthy collection of 7-11bn wallets, and 2x 21bn wallets. This is huge! Most coins out there have some incredible wallets looming over everyone else like a dragon poised to raze the village at any time. With froge, the villagers ARE the dragons. The top wallets are also known and active in our telegram, which is pretty cool. They are more trusted to act responsibly as top holders. + +In any case, once demand is up to a certain level, large dips will just get eaten up by buyers, anyway. So the days of any potential panic-crisis or rugpulls? They're more or less officially OVER. It would take some insane cataclysm to bring FROGE down. + +That's all for now Froge Army! Hop on! +I'm not talking about 6-figure salaries for careers in health services or engineering; I'm talking about the millionaires and billionaries. How did the most of them get so rich? Was it through investing? Entrepreneurship? Something else? +Today I lost my job, I relocated to Denver a little over a month ago for work and was fired today for "not being the best fit for the company" I have some money saved up however I will only be able to make it a month or maybe a month and a half before I run out of money, I signed a 6-month lease in December and between rent, car payments, and student loan payments I owe $1650/ month. I applied for unemployment however I am unsure if I will receive it since I have only worked for about a month. I have been applying to jobs online and reaching out to any connections I may have but since graduating college it took me over 8 months to find this job so I am worried. I will be applying to service industry jobs asap. is there anything I am missing, I am very worried this is going to financially ruin me if I cant figure something out quick. + +Edit: since many people are saying I should break my lease and move home it’s not really an option, my parents kicked me out of the house and I was living on a family members couch for a few months in a town I didn’t know anyone in. + +Edit 2: Wow I’m overwhelmed by everyone’s words of support, thank you to everyone! + +Edit 3: since a lot of people are commenting, me and my parents have a decent relationship, they kicked me out because they come from a Tuff-love generation and they think that it will motivate me to work harder, no handouts all that jazz... +I'm not positive that this is the right sub to ask, so if it's not I'll post it somewhere else. + +Okay, so here's the deal. On Sunday (9/16) I called T-Mobile to sign up for a plan a purchase a phone. Gave them my information, things were going along just fine, and then there was a snafu when they tried to process my payment. The rep tried a few times, and it still wasn't going through. We eventually figured out that Bank of America had flagged it for potential fraud and I had to manually approve it to get it to go through. I did, but the T-Mobile rep said they still had not been able to process my payment. + +Except... the money was charged on my end. Three times. + +The first one was automatically reversed by the bank, since it was flagged as potential fraud (as I understand it, I don't actually know if that's how it worked). The other two charges (798.84 each) have been in processing limbo since Sunday. Bank of America says they can't do anything until the charges post, and T-Mobile has been giving me the run around since Sunday night. I can't exactly blame the reps themselves for not knowing what to do, since the processing snafu on their end resulted in zero record of the transaction. A T-Mobile account was not created for me and no order has been processed. What I am irate about is that the T-Mobile reps keep proposing solutions and then there is no follow up. + +Wednesday they were supposed to send an email to both me and my bank detailing the situation, and they haven't. + +Today I got a hold of a supervisor who was supposed to investigate the situation and then call me back at 2:30. Guess what didn't happen. + +I've now currently been on hold for an hour and a half with the financial department, and I have no idea what avenues are left for me to pursue. + +Since the $1600 is still "processing" it hasn't left my account, but... it's not available to me, right? How do I get this resolved? I'll answer any questions to explain the situation more, but I'm starting to get seriously stressed about this. + +Edit: My main concern is that this payment should not be taking 5 days to process, right? If I should give it more time to resolve itself I will, but at what point am I actually supposed to worry? + +Update: Wow this really blew up, thank you everybody! Y’all were right, I just had to wait it out. I woke up this morning and the preauth/holds were gone! I have since then signed up for a credit card and I’m looking to change banks as well. +I read the Dr Marco Metzler stuff on the bus on my way home from work today and it genuinely sent a shiver down my spine. I work in Special Education staffing. I’ve been following this since January. More on that later... + +Anyway. I popped into the shop to grab a beer and chocolate to take the edge off a hard day. While browsing snacks a mother was commenting on not being able to get certain ones "at that price" to her kid. It got me thinking about inflation in the US being at a 30 year high. + +When I was waiting in the queue a guy was buying a certain pack of cigarettes because "The rest had all gone up and they hadn't". The cashier then told him they'd gone up (can't remember if it was 5p or 50p but they'd gone up) + +I asked the guy behind the counter if he'd noticed a difference I'm things going up recently and he said that they'd been putting things up in price loads recently. Like, unusually loads. + +It might probably sound mundane, but this was a pretty chilling sequence of events for me. Suddenly everything thats been talked about in here for months and months and months felt quite "real". + +If the LinkedIn stuff is credible, and if it plays out to be true, then we are possibly heading towards a pretty disastrous period of history. A market crash now after the chaos of covid would be absolutely fatal to many people. People's covid savings would be lost. People's pensions would be lost. + +The effect on the vulnerable kids I support would be cataclysmic. Schools are already short staffed and their is a massive lack of people who want to work. People are tired. Mental health issues are rising. People within my industry are struggling to cope. + +Despite this, after the covid crash the markets have shot up to unprecedented levels. This doesn't seem to make sense when you consider over here in Britain that the social care, education and health care sectors are on their knees. Paired with the seemingly own goal that brexit has scored, the truth on the floor suggests that everything is in no way shape or form "fINe". + +The truly terrifying thing about all this, is that this reddit has been predicting this scenario since January. If not before. There has been plenty of time to react, try to put a stop or simply warn us of all this from the powers that be and yet here we are on the knife-edge of a default that could start a house of cards collapsing that will result in untold pain and suffering, + +If the media are indeed censoring this then this suggests certain players have been expecting this to happen and have been pumping as much cash out of the system to the detriment of absolutely everyone else. Effectively the last couple of years have been one last milking of the lower/working class before complete chaos. + +I sincerely hope to whatever God might exist that the DD on here is correct and MOASS happens, because if all this plays out there are going to be people who really need a hand. I hope that some apes who aren't going to go absolutely nuts on gear and jetskis (and fair fucks to you all!!) Can help to make this world a better place. + +I also hope that the people responsible for all this, the people who have knowingley milked the system dry, the people who control the media, the people with blood on their hands are held accountable and punished to the severest lengths of the law. + +I hope evergrande doesn't default. I hope if it does contagion is minimal. But today (maybe for the first time) it didn't feel like that was how this story is going to pan out. + +In the time it's taken me to write this I hope I have to delete my post because everthings back to being FiNe. I hope I'm just having a really bad day. + +Stay safe friends. Look after each other. Don't dance. +Central bank digital currencies are basically the national currency of the country but it's digitalised. The thing I don’t understand is: money on my debit card is digital money, it is directly linked to the value of my country's national currency. What is the difference between them rather than CBDC is on the blockchain? Should CBDC always be blockchain based? + +It’s a great question for me as now I see few countries have already introduced CBDC: China with its e-CNY, South Korea, Sweden, Nigeria, Bahamas. More other countries are introducing it or starting working towards it. For example, the US with their debates over CBDC, Europe with its discussions over introducing digital euro, Ghana, Philippines. So, I can see there is some kind of adoption of CBDC in the modern world but it is not clear for me how it can be useful for the economy and for the regular people who do not owe corporations, banks and do not work for the government? What about our freedom if CBDC will replace cash? +https://www.nasdaq.com/articles/canadian-natural-resources-posts-higher-profit-boosts-dividend-2021-03-04 + +Strong numbers, dividend raised from 42.5 cents to 47.5 + +I wish I had bought this company rather than Suncor during the panic selling in March. I bought Suncor because of the refining and retail operations which I thought would be more rounded. + +CNQ didn't cut their dividend and was floating around 11% yield at one point if I remember correctly. + +Either way this bodes well for the sector as a whole. Demand will be skyrocketing when things open up. +[https://moneyweek.com/economy/uk-economy/604979/cost-of-living-crisis-we-cant-borrow-our-way-out-of-this](https://moneyweek.com/economy/uk-economy/604979/cost-of-living-crisis-we-cant-borrow-our-way-out-of-this) + + There is no question that households are feeling the worst squeeze on their budgets for the last 30 years. **Inflation has already hit 9%**, and may well climb to 10% by next month. An average car costs £100 to fill up with petrol and groceries are more expensive than ever. With wages only rising by 3%-4% at most, people are getting poorer and many are already cutting back on what they spend simply to stay afloat. + +The plastic takes the strain + +Plenty of us are borrowing money to make up the difference. According to Bank of England statistics, consumer credit is now rising at the fastest pace for 17 years. The growth rate for credit-card borrowing hit 11% last month, while overall consumer credit is now growing at 6% annually. In the last three months alone, British borrowers have whacked another £3bn on their credit cards and borrowed another £1.6bn elsewhere. +[https://moneyweek.com/economy/uk-economy/604979/cost-of-living-crisis-we-cant-borrow-our-way-out-of-this](https://moneyweek.com/economy/uk-economy/604979/cost-of-living-crisis-we-cant-borrow-our-way-out-of-this) + + There is no question that households are feeling the worst squeeze on their budgets for the last 30 years. **Inflation has already hit 9%**, and may well climb to 10% by next month. An average car costs £100 to fill up with petrol and groceries are more expensive than ever. With wages only rising by 3%-4% at most, people are getting poorer and many are already cutting back on what they spend simply to stay afloat. + +The plastic takes the strain + +Plenty of us are borrowing money to make up the difference. According to Bank of England statistics, consumer credit is now rising at the fastest pace for 17 years. The growth rate for credit-card borrowing hit 11% last month, while overall consumer credit is now growing at 6% annually. In the last three months alone, British borrowers have whacked another £3bn on their credit cards and borrowed another £1.6bn elsewhere. +I find it hard to believe that condos are going to continue utterly tanking as restrictions and such loosen throughout the world from COVID. I’m looking at condo prices in my area and they are just tanking right now as they sit on the market for months on end. Is anyone snatching condos up right now? + +I’ve never purchased a condo before, so not sure if there’s something I’m missing here. +It's been nearly a month since the last RC tweet. + +Why? He was posting so regularly before? + +The answer is quite simple really. + +He doesn't need to feed us hints and crumbs anymore. + +Apes have evolved. + +We've done the work and we've uncovered what he's been hinting at. + +So what's he up to? Well that's an easy one as well. + +Him and Matty boi have been head down delighting customers and delivering value to shareholders. + +Simple as that. + +The opportunity ahead of them is unparalleled. + +Just as it is for us. + +Remember, you're living through a historical moment right now. This will be remembered for generations. + +After this moment, nothing will ever be the same. + +"It's time for pillow fights and 60s music." + +In other words... + +... buckle the fuck up. 👀🚀🦍 +Welcome new apes! + +I want you to mentally prepare yourself for any hedgie tomfoolery that might happen tomorrow. +Those options that could potentially be ITM tomorrow might be dangerous enough for them to once again reach into their voidless bag of tricks. If so, they will use any, and I repeat, ANY fuckery possible and impossible to the human mind just to make you sell. + +Veteran apes here witnessed a lot of stuff that these Hedgefucks have done. From a completely 'natural' 50% value drop within 5 minutes to a constant barrage of shilling/FUD on positive days or a combination of both. So don't worry because we got your backs. + + It may look bleak tomorrow, but always remember that it is darkest before dawn. +Hey, I'm coming from one of the Slavic countries background, and here, unsurprisingly, the income isn't very high (although the amount of money, that you have to spend, in order to get by is somewhat low as well.), we're talking $500-$1k per month, with minimum spending of around 200-300$, depending on the country\\area. When I started going through posts and materials in this community, I got an impression, that most people here are living in US, UK, and Western-European countries, where there's bigger amount of opportunities to save enough money long-term, or build up enough to have decent amount of finances for retirement. Question is - what should an average Joe(or rather average Vadim) from Europe's far East do, in order to set himself on FIRE(sorry, I had to)? I'm old enough to know, that there's no ultimate solution for any situation, when it comes to building up money, but still, I'd be curious to see, if there are folks from the same area, who figured something out,or, maybe, there are other options to explore here? Aside from something like "Move elsewhere". +$44,000 a year may not seem like a lot to most people but it is the most money that I have ever made in my life and I have worked extremely hard to get where I am today.. Took me awhile to finish school and was working factory jobs to barely make ends meet. + +Recently moved back to my Dads house after a recent split up. So I'm single, no kids. I have $6,000 saved, but around $6,000 in student loans left still. + +I'm looking to save, invest and be smart with my money, just looking for advice. My Dad was never smart with his money and watching him struggle over the years and watching him at around 65 years old, seeing how hard he works and still struggle and still have a mortgage payment makes me sad and not want to make the same mistakes he did. + +Best ways to invest? How should I invest? How can I become a millionaire? How can I save enough so I don't have to worry about money? Any advice would be helpful and greatly appreciated.. Thanks everyone! + +Edit: Wow thanks for the advice everyone! Did not expect this to blow up like it did. Thank you! +As a non-American, it was insightful to hear in the other post from Americans that want to live elsewhere. I'm Canadian, and for me it's too cold here. + +I've been looking into European countries as well, but culturally it seems very different. I haven't lived there myself but heard the culture is more closed off, so it isn't one of my considerations as someone who wants to settle down and have roots. + +I'm more drawn to Southern California at the moment. It seems very fatFIRE ideal, particularly places like Irvine, Newport Beach, La Jolla, etc. Can anyone with some experience living there comment and share what they liked and disliked while living there? Or another city that might be a good fit? + +EDIT: + +My main reasons for looking into SoCal, from an outsider's perspective: the weather is awesome, people are open, tons of outlets for hobbies, outdoor activities, and it's easy to become part of a community. I like a laid-back and easygoing lifestyle, with access to good food, shopping, and amenities. Proximity to a major city would be a big plus, but I prefer not to be in the heart of the city as it gets too busy and stressful +So I'm going to be renting for another year (July 2022 - July 2023), and I have a sizeable house downpayment sitting in my HISA. + +Considering I won't be buying for another year at the very least, does it make sense to put my down payment into a GIC now that the rates are more attractive? + +If yes, I would ideally do it through TD as I like to keep everything in 1 place. It's just easier for me to manage and track, and I don't care about min/maxing for an extra 100 bps. + +I was looking at the TD Special Offer GIC and I could get 2% for 100 days, cashable, or 3.25% for 14 months, non-cashable. + +Thoughts on this? +Happy V Day, ThetaGangers and Gangettes. Since I’m bored and waiting for my pre workout to kick in, I figured I’d see what stocks you all have been trading/wheeling lately. I’ll go first. + +* HYLN + +* RKT + +* DKNG + +* MU + +* AMD + +* BB + +* NET + +* CRSP + +* PLUG + +* MSFT + +* AAPL +Do I hold for a little longer or do I just cut the losses? What’s the most effective way to minimize the loss here? I know I lost most of this money, you don’t need to remind me. TIA +Hi AusFinance, i thought i would write on a topic i'm rather passionate about, and hopefully offer some 'food for thought' and an alternative to the standard answers of 'Super is the best environment for your money'. + +Disclaimers: + +1. this is not financial advice, i am merely trying to offer some food for thought +2. these examples are greatly simplified, they do not take into account interest rate risk, legislation risk (both on super, on changes to tax, etc..). +3. The case study below does not take into account the ability to margin lend inside super. the ability is there, such as Bell Potter's Equity Lever platform, but this is not available to your average retail/industry super, hence it is excluded. + +**Margin lending for the uninitiated:** + +For those of you unaware, margin loans are borrowing to invest. Your shares/fund units act as security that let you borrow money to buy more shares/fund units. These are given different levels of "Loan to Value Ratio" aka LVR. + +a 75% LVR means you can make up a total investment with a minimum of 25% your money, and a maximum of 75% borrowed money. So with $2,500 you'd be able to borrow up to $7,500 (Making up a total portfolio of $10,000). + +&#x200B; + +**Why borrow to invest?** + +Simply put, Margin lending amplifies your gains and your losses. I have included a table below to demonstrate what a margin loan will do to a $25,000 investment at an 8% p.a. return at different LVRs. I am using Leveraged Equities variable 4.24% interest rate on their direct investment loan as the interest cost - the product offers access to the vast majority of funds and shares that an investor needs, it's just lacking advanced features like options trading (who cares!) + +&#x200B; + +https://preview.redd.it/42p6co191lb51.png?width=786&format=png&auto=webp&s=764b15d0695792766367cc05b5adae78f3af840a + +Here we can see the return improve from the standard 8% all the way to 11.8% if using 50% LVR. But in my opinion, 50% LVR is too risky for many investors appetite here, even if it is my ideal point. Instead, i would direct your attention to 35% LVR. + +**Why 35% LVR?** + +a 35% LVR comes with a number of benefits to an investor doing standard VAS/VGS/VDHG style etf investing. + +1. Increased returns - as we can see it takes an 8% return and increases it to a 10.1% return +2. Returns slightly understated - The return is not factoring the effect that the interest will have on your tax return - it is tax deductible. +3. Low chance of a margin call. + +Let's talk about #3. Margin calls are without a doubt the scariest part of margin lending, and i don't blame you for being afraid of them. Many people who leverage too aggressively and fly too close to the sun get hit with a nasty cycle where: + +1. Their investment falls into margin call territory because it has dropped +2. They are forced to sell their assets at the worst points in the market to get out of the margin call +3. they miss out on the recovery because their excess cash was used covering margin calls on the way down. + +But this is where a 35% LVR is so appealing. the calculation to figure out where your margin call will happen is: + +1-(Loan/(Lending Value + Buffer)). + +So if we take a standard favourite of Ausfinance such as VAS, VDHG etc, we can see that they have a LVR of 75%. Industry standard buffer is 10%. so let's figure out a margin call on a $25,000 investment, with $14,000 borrowed funds (35% LVR): + +1-($14,000/(($39,000\*0.75)+($39,000\*0.10))) = 58% + +it would take a 58% drop in the portfolio to bring it to a margin call. This is the portfolio dropping from $39,000 to $16,470. + +This requires a staggering drop before you experience a margin call, and if you are concerned reducing your LVR to only 25% will still improve your return and increase your chance of never being margin called. + +You have time to add to your holdings with equity only (buying a dip + decreasing your overall LVR). the important thing is you can manage your risk and it requires truly a cataclysmic level of decline before you experience a margin call ,and at that point that may not be your biggest concern. + +&#x200B; + +**Why all the fuss? What's the point of risking being margin called?** + +It's all in that % return. in the following example i will use ASIC's compound calculator, along with the following parameters: + +$25,000 initial deposit (your capital), $0 regular deposits, annual compounding, and a 30 year time horizon. The only assumption is that as the portfolio grows in capital value, the 35% LVR is maintained. + +**Case 1** \- 0 LVR (AKA compounding@8%) - after 30 years of compounding at 8% you end up on $251,566 + +**Case 2 -** 35% LVR (AKA compounding at 10.1%) - after 30 years of compounding at 10.1% you end up on $448,291 + +Verdict - Case 2 ends up being $196,725 better. a 78% superior return + +Every % matters so much in a long term strategy, it is truly impossible to overstate how important it is to long term outcomes. + +&#x200B; + +**Case Study: Super Showdown** + +As a final demonstration of the power of a low leverage strategy we will put two different cases head to head. Let us assume that a 30 year old intends to retire at age 65, and has the option of either having $50,000 in super, or invested at a 35% LVR. + +After retirement, they will either 1. Take the money tax free in pension phase or 2. pay capital gains tax by cashing out their own 'pension' each year, with their marginal tax rate being 30% (using the currently legislated but not implemented rates). Case 2 will overstate their tax slightly, as i will not scale it, i will just hit the whole thing at 30%. + +&#x200B; + +https://preview.redd.it/86c7xcrc7lb51.png?width=530&format=png&auto=webp&s=045a1774106ac8d8ac848decb04bec9a142bdc52 + +We can see that with the CGT discount, paying 15% tax is actually better than paying a 0% tax rate due to the higher return. It's an **out-performance of $508,681** + +But okay, i hear you, CGT discount may be gotten rid of, let's recalculate it with no discount: + +&#x200B; + +https://preview.redd.it/yafmmg6p7lb51.png?width=530&format=png&auto=webp&s=d9ae4b0db5de48808ca202f7c6e40d599c34c065 + +Even without a CGT discount (and 30% flat is more tax than you'd pay on a CGT discounted method on the highest marginal rate currently) there has been an **out-performance of $306,102** + +&#x200B; + +**What do i hope you take away from this?** + +Even if you decide that the risk of margin lending is too much for you, or that i'm absolutely insane to choose an outside of super strategy that relies on borrowing to invest, i hope that i have given you something to think about. + +the one thing i hope everyone takes away from this just as a general point is the sheer power of small changes in your long term return %. + +I really strongly believe in conservatively leveraging safe and boring investments to boost that all critical return over the long term to create outstanding long term results. + +minor edit: fixed up some grammar +How bad are these guys? Few months ago they suggestion some stock I hold as a good buy. At the beginning of September they have it listed as companies you should avoid like the plague. Today they are listing as stocks you should own in October. + +Not that I am making any decision based on the Motley fool recommendations but I suspect they only react to instant market actions. Being that this particular stock is up 60 percent in that month. They just seem to chime in on any larger stock for both to buy and to avoid at the same time. Knowing one of their predictions will be correct. +Hedge fund shills are spreading disinformation saying $800 is make-or-break for $GME. Call options expiring ITM on Friday will drive the price up if levels are maintained, but may not trigger the short squeeze. + +It may be Friday, but it could be next week the we see the real squeeze. + +DON'T PANIC IF THE SQUEEZE DOESN'T HAPPEN. + +It's not guaranteed to. The only thing that is guaranteed mathematically is that the shorts will have to cover at some point in the future. They are trying to get enough people hooked on the false expectation of Friday so that if/when it doesn't happen, enough will sell out of panic/despair. IMAGINE IF YOU HAD SOLD EARLIER THIS WEEK AT $40! + +WE CAN STAY RETARDED, LONGER THAN YOU CAN STAY SOLVENT!! +/r/FI is my favorite sub and I love visiting it every day. I love the community and I love the level of commitment for everyone helping people figure out what I consider to be the holy grail of life: FIRE + +Somewhat meta, I'm interested to see how this sub does through the next correction. I get the feeling that I'm a little older than most FI subscribers. To think it has been almost a decade since Great Recession is crazy to me but it also means that a lot of us haven't seen a recession of their invested assets. + +I (fortunately) have much more money in the market now than I did back in December of 2007. That said, I did have a real level of money in the markets back then; I can't explain to people who didn't live through it how **sickening** that recession was. + +I guess that's what I want to convey to FI in this post: The next recession does not match your expectations on your Excel.xls spreadsheet. I remember that I had conservative growth rates as my projections and thought that I was set. Technically, my growth rates flushed out in the end. What I wasn't prepared for is seeing my losses in the short term. + +It's easy when we are projecting the market over time but, as cocky as you think you are, you are mental mess when you lose half of your assets. You are probably telling yourself that you have a big, badass plan to "buy more" in the next down turn. Let me tell you, if it's anything like the last one you will probably be cowering in the corner. + +You'll probably cancel your automatic investments that you were once confident would lead you into wealth - cash will be king by the way. You'll probably rationalize your auto investment cancellation by being smart because you need to build a cash hoard - you figure you'll be fired. + +Your FI plan is also going to be attacked in the court of public opinion. I was skeptical of CNBC and the like leading into 2008 but I found myself still watching it during the meltdown - the credit markets seized up entirely. Prestigious investment firms shuttered their doors. No one knew who the next huge company to fold would be - you probably will have friends at those firms and you'll probably think you are being a good friend by monitoring their situation, too. + +And then there is the non-media stuff that just ruins you. For me, this is when the news camera showed up on my block. One of my neighbors that I kind of knew (walked a small dog everyday, said hello to, seemed well put together), slammed a bullet into his temple. Turns out he was a commodities trader who was at the losing end of his bets. Left his family behind as he caught the bullet in the head. + +I'm not saying the next "correction" will be the same as the "recession." It will probably be much more mild. My final point is the old adage, "Man plans, God laughs." + +Lets plan our little FI butts off but just be ready for the rapture... +TL;DR: I believe there's a trove of information buried in Overstock that will tell us exactly what Shitadel and friends are doing. In fact, I think they are working to an identical playbook using modern versions of the same techniques to manipulate the market. + +Sun Tzu is the good shit: +#### Apes in January: +If you know neither the enemy nor yourself, you will succumb in every battle. + +#### Apes in March: +If you know yourself but not the enemy, for every victory gained you will also suffer a defeat. + +#### Apes in May: +If you know the enemy and know yourself, you need not fear the result of a hundred battles. + +--- + +Edit: Pulled on who some of the people named are. One of them, **Thomas Tranfaglia** was one of the executive implementors of Merrill's do-not-flip system and now works for **Jane Street**. + +Edit 2: I received a messaged from a fellow redditor who wishes to remain private. They had a theory that may explain where the magical morning shares on IBKR and others appear from, which relates to a quote regarding share generation through reverse conversions. I am reproducing their comment here unedited: + +> I'm a total ape and just know how to google what a Reverse Conversion is so here's my interpretation. Please let me know if this is logical + +> a reverse conversion is a way of creating synthetic longs or shares by buying a put and call at the same strike price and I dont konw why but that will appear as a long position on whoever owns those option's books, and short the stock at the same time driving down the price. Then they sell those same stocks to prime brokers (IBKR, Fidelity, TDA), who then lend out the shares again to the naked shorting hedge funds. + +> That then get converted by a market maker into a reverse conversion, creating a long position and shorting the underlying stock. Then those shares created by the conversion get sold back to the prime brokers... holy shit + +> thats why the borrowing rate is so low, thats why theres 400k shares always available to borrow every morning, that drop to low thousand or hundreds then go back up every morning the stock is hard to borrow and easy to borrow at the same time. its the same people borrowing the stock who have certain market making privileges to always return/sell shares to the lender who are making a killing off borrowing fees and dont question where theyre getting the stock from but if anyone else trys to borrow, well theyre shit out of luck theres no shares for those guys + +--- + +Tagged as possible DD because my wrinkles are pretty smooth. + +After listening to Lucy's AMA, several things she raised in her storytelling sent chills down my spine. It all coalesced with what DrT and Carl have been saying, which has been "dig into overstock" + +One such thing mentioned was Wolverine Trading, and how Goldman told them "we will let you fail". + +So I dug a bit, and I found this old article from Rolling Stone: https://www.rollingstone.com/politics/politics-news/accidentally-released-and-incredibly-embarrassing-documents-show-how-goldman-et-al-engaged-in-naked-short-selling-244035/ + +Which then led me to this frankly hilarious accidental release of things they were attempting to forever seal. Essentially, they accidentally showed their playbook. [The entire document is fucking _insane_ and deserves to be read in its entirety.](https://media.economist.com/sites/default/files/pdfs/Plaintiffs%20Opp%20to%20MSJ.pdf) + +Laboriously hand-transcribed snippets follow. Yay for ancient PDFs with no OCR. + +This first segment is, I believe, from things entered into the public record and available prior to this motion + +> Overstock was so hard to borrow that clearing brokers in 2006 charged borrow fees as high as 35% annualized. + +&#x200B; +> Everyone "on the street" constantly talked to other brokers looking for stock and therefore had a realistic, shared sense of how hard it was to locate stock and how expesnive it was to borrow + +&#x200B; + +> Facing the same supply constraints as all of the other brokers, Defendants decided to manipulate supply and demand for short sales by consciously opting not to settle certain short sales in hard to borrow stocks + +&#x200B; + +> Goldman and Merril decided to create FTDs in their affiliates GSEC and Merrill Pro so they could correspondingly create "supply" in Goldman Sachs and Merrill Lynch. Millions of shares of FTD were concentrated in GSEC/Merrill Pro so that millions of shares of corresponding "supply" could be artifically created in Goldman Sachs/Merrill Lynch + +&#x200B; + +> Goldman's own hedge fund clients remarked on how they would ask "to short an impossible name and be shocked to learn that Goldman's rep can get it for us" + +&#x200B; + + +> Short sellers typically pile in to the same securities, which increases short interest in a small number of stocks. Client shorts were typically concentrated in the red hot stocks + +&#x200B; + +> Goldman Sachs circulated lists of the top shorted stocks to clients [..]; the data Goldman Sachs circulated **included the false, inflated short interest data** (emph mine) + +&#x200B; + +> The fails created supply in excess of six times the average daily trading volume of Overstock + +&#x200B; + +> Merrill's decision to intentionally fail these trades was accomplished through what Merrill called the "do-not-flip" process. [..] That process is a process by which Merrill Pro does not borrow stocks to settle those trades, but rather fails them. After Reg SHO, Merrill Pro put the do-not-flip system into place in Aug 2005. Thomas Tranfaglia, Linda Messinger and Peter Melz were the Merrill execs who decided to do this + +## Who the fuck are these people I hear you ask? + +**Thomas Tranfaglia** [now works at Jane Street](https://brokercheck.finra.org/individual/summary/2245224), a company long suspected of being involved in this shit. + +**Linda Messinger** [now works at Cowen and Company](https://brokercheck.finra.org/individual/summary/2561401) + +**Peter Melz** [may or may not still be the CFO of CF Secured, LLC (a subsidiary of Cantor Fitzgerald, LP) +](https://brokercheck.finra.org/individual/summary/3135133). Brokercheck says he's no longer employed. His Linkedin claims otherwise. + +&#x200B; + +> Merrill Pro agreed to fail trades for their market-making customers and stopped borrowing shares for their short sales. + +&#x200B; + +> Millions of shares of reported short interest in Overstock were created by the naked short sales that Defendants decided in advance to fail to deliver, and therefore the short seller *had no negative rebate cost to factor into its short selling decision* + +&#x200B; + +> Merill Pro and GSEC clients were naked short selling Overstock in the form of reverse conversion trades. + +&#x200B; + +> Merrill and Goldman also effected fraudulent trades to extend the duration of FTDs. **These trades allowed Defendants to avoid regulations designed to ensure that fails did not persist past thirteen days after settlement date** + +&#x200B; + +> Merrill **instituted policies** to accommodate manipulative trading styles such as "killing" required buy-ins, and providing clients, including Hazan with information that would enable them to "sell into" buy-ins, resulting in matched trades between Merrill Pro and their clients. + +&#x200B; + +> Hazan, as a result of Merrill working to get Merrill Pro to intentionally FTD his trades and Merrill informing him up front that Merrill would fail all trades, and knowing he could roll the fails longer than 13 days, proceeded to naked short sell millions of shares of overstock for over a year. + +&#x200B; + +> an internal Merrill Pro email notes that **traders "were knowingly putting on shorts and then basically rolling them every 13 days"** + +&#x200B; + +> The naked short selling resulted in short positions on Defendants' books and records, even though Defs had never borrowed stock and made delivery to settle the short position. + +&#x200B; + +> **This artificially high short interest caused by the naked short selling was reported to the marketplace as bona fide short interest. Defs. actions injected false information into the marketplace [..] in the form of artificially high short interest figures [..] so that market participants would be induced to view the stock more negatively, creating downward price pressure** + +&#x200B; + +> A Merrill email referse to "Fuck compliance" in response to Merrill's manually failing the first trade for Hazan + +&#x200B; + +> **Defendants were members of an industry group that expressly referred to Overstock as an "enemy" and discussed "neutralizing" a potential Overstock expert witness in this case** + +FUCKING WAT?! + +> **When overstock obtained passage of a law that would require disclosure of clearing firms' FTDs (which is kept secret from the public), the Goldman Defendants gloated when their lobbying organization got the law overturned, with one person remarking that Goldman was seeing a return on its lobbying investment** + +&#x200B; + +> **[The January 31 2012 Wolfson Order](https://www.sec.gov/litigation/admin/2012/34-66283.pdf) explains how Wolfson [..] proceeded to naked short sell 491 reverse conversions to prime brokers, details the precise trading methodology, gives examples of how the reversals worked, including pricing and the illicit profits made from the scheme, and how it worked on their clearing firm's books and records.** + +I linked the order. Need an ape with wrinkles to dissect it. + +> The order explains that the conversions were purchased by prime brokers, who **purchased the non-existent shares in order to acquire a long stock position that the prime broker could loan out**, and receive significant fees from the borrowers. + +&#x200B; + +> The order also details the *sham flex reset transactions used to extend the failes*, explaining the purpose was to reset the Reg SHO clock at the clearing firm without any stock ever being delivered. + +[FLEX](https://www.nyse.com/products/options/flex-leaps): FLexible EXchange (FLEX) options combine the benefits of customization with the advantages of listing and are available on all option products listed on NYSE American Options. Both Equity FLEX and Index FLEX options allow investors to customize key contract terms, including expiration date, exercise style, and exercise price, and to take advantage of expanded position limits. + +So hiding FTDs via sham options. Yeah, we long suspected that. + +The document also mentions that Hazan and Arenstein orders had similar details: + +https://www.sec.gov/litigation/admin/2009/34-60441.pdf - Hazan + +Arenstein is supposed AMEX 07-71, but I cannot locate that document. I did manage to find these documents without numbers: + +https://www.nyse.com/publicdocs/nyse/markets/nyse-american/disciplinary-actions/2007/SArensteinSBA_Decision_072007.pdf +https://www.nyse.com/publicdocs/nyse/markets/nyse-american/disciplinary-actions/2007/BArensteinALA_Decision_072007.pdf + +I also found this document from an SEC meeting: https://www.sec.gov/comments/s7-19-07/s71907-336.pdf + +> Narrowing the OMM exception is not an option; it must be eliminated entirely. As the AMEX/Arenstein decision makes clear, FLEX options and other equity derivatives can be used to hide and roll failed position. + +Anyway, back to the accidental reveal document: + +> The documents, testimony and pleadings Defendants seek to seal in this call all concern the same scheme described above. + +So shall we begin? Here's some excerpts of the evidence they wanted buried before their smoothbrain lawyer attached them all to the motion and entered it into the public record. Much of this is from discovery. + +> In a half page email, a Merrill executive suggests "we might want to consider allowing Sage customers to fail" + +&#x200B; + +> **In June 2005 Tranfaglia emails "We are NOT borrowing negatives... I have made that clear from the beginning. Why would we have to borrow them? We want to fail on them"** + +&#x200B; + +> An August 2007 email between a Merrill employee and a Goldman employee forwards the Arenstein sanctions order and Merrill employee notes "I am sure you saw this. Our boy", and the Goldman employee responds "nice... You think there will be any fallout on clearing firms?" + +&#x200B; + +> **A January 2006 telephone transcript reflects a discussion between Merrill's compliance officer and another employee regarding the fact Arenstein is not making a market in Overstock, that he keeps "recycling" his short sales in ten to fifteen stocks and this is "not okay"** + +&#x200B; + +> This internal GSEC email refers to Scott Arenstein and his entity SBA Trading "providing very aggressive liquidity to Goldman" in the form of conversion trades with Goldman Sachs' securities lending group. A senior GSEC executive observes that "that doesn't make sense" [because a naked short seller like Arenstein had no actual stock to sell to a securities lending desk] + +&#x200B; + +> Ex 63 is a list of compliance bullet points that refers to using conversions to "Create inventory to allow customers to short." Ex 89 is an email that refers to Goldman Sachs **"intentions to create supply and perpetuate selling in stocks with a large amount of short interest."** + +> **"As far as I'm concerned, this is totally unacceptalbe - we are failing when we have over a million shares of stock available... Is there a blanket agreement that we allow every market maker client to continue failing even if there is enough availability?"** + +&#x200B; + +> September 2006 telephone transcript between Merrill exec Collin Carrico and a client contains a discussion by Carrico about how a trader could do non-market making trades within a market making account, which is illegal, but would never get caught, and discusses strategies to carry out this illegal activity. + +&#x200B; + +> **a presentation Merrill gave to regulators regarding its Reg SHO tracking system. The key point in this document is that Merrill says in multiple places its system requires "delivery" of stock. Messinger testified that this was false - their system did not require delivery.** + +&#x200B; + +> **"We have to be careful not to link locates to fails because we have told the regulators we can't."** + +## [Cohodes transcript](https://archive.nytimes.com/www.nytimes.com/interactive/2012/03/26/business/20120326Goldman-Documents.html) that Lucy referenced: + +> A. I think the securities lending market is just like the mob. I think it's completely rigged. It's a completely manipulated black hole, non-transparent market. + +> Q. Now, when you say you think they're just like the mob, are you referring to Goldman Sachs? + +> A. Yes. I think Goldman Sachs is like the mob. + +> Q. And are you referring to them in particular or them and the rest of the market altogether? + +> A. I think Goldman Sachs is a racketeering entity that does whatever they can to make a dime without conscience, thought, foresight or care about ramifications. I think they are cold-blooded and could care less about the law. That's my opinion. I think I can back it up. + +So... yeah. +My mom passed away leaving me $1.4 million. We grew up decidedly middle class (which is where my husband and I are too) so while I’m usually good with money I’m not used to handling this much. + +The money is a combination of my dad’s retirement accounts (401ks) that my mom inherited when he died and a cash investment account. + +Aside from paying off all my and my husband’s debt (mortgage and my car loan) and increasing my emergency fund to have half my annual salary instead of half my minimum expenses (which totals just under $100,000 for all it) I’m not sure what to do with the money. + +Should I leave it in the investment account? My mom was using the same financial advisor as my dad (not a fiduciary). A nice guy I’ve dealt with before. Should I take money out to supplement my income so I can increase my 401k contributions? + +My mom said she wanted me to be taken care of so I plan to not touch most of it while I’m working. + +TL;DR + +What to do with $1.4 million dollar inheritance, aside from keep quiet. + +Edit 2/4 2331 PST +Thank you everyone who took the time to respond. I really appreciate it. I tried to keep up and respond to as many comments as I could. If I missed one I’m sorry, but I did read it. I got some good advice, learned things I didn’t even think about, and had my perspective changed on other things. +Main points: + +* The producer price index increased 0.4% for September, compared with the Dow Jones estimate for a 0.2% gain. + +* Excluding food, energy and trade services, the index increased 0.4% for the month and 5.6% from a year ago. + +From the article: + +> The Fed has responded by raising rates five times this year for a total of 3 percentage points and is widely expected to implement a fourth consecutive 0.75 percentage point increase when it meets again in three weeks. + +> However, Wednesday’s data shows the Fed still has work to do. Indeed, Cleveland Fed President Loretta Mester on Tuesday said “there has been no progress on inflation.” Following the PPI release, traders priced in an 81.3% chance of a three-quarter point hike, the same as a day ago. + +https://www.cnbc.com/2022/10/12/producer-price-index-september-2022.html +I apologize if this question has been asked in a different way. I couldn't find any satisfactory results for "lcol chef" or "lcol assistant" on the sub. + +I'm trying to find a person to do the following: + +* Clean the house and do chores like laundry and dishes. +* Make and bring me lunch most days and sometimes dinner (and actually be good at cooking). +* Do errands around town like grocery shopping. +* Stay at the house with our dog when we travel. +* Any other life stuff that needs to be done. +* Probably 10-20 h/wk in work. + +It's just me, my GF, and our small dog. Our house is tiny compared to most fatties here. We just don't have the bandwidth to keep up. + +We live in a smaller LCOL city in Oklahoma, so it's not like I can open some app and request a cleaner, dog sitter, private chef, and personal assistant in a few taps. + +* What would you call this position? +* How would you hire them? +* Does $20/h seem totally unreasonable in an LCOL area? +* Anything I'm missing? + +I greatly appreciate your advice. + +==================================== + +Reflections: + +$20/h is low, so I'll shoot for $25-30. + +Appropriate job titles may include "personal care assistant", "home helper" and "home assistant." + +Hey guys, I have never posted here but i just wanted to say that i love the market. Whether im losing or gaining money it just makes me feel something. + +Every day i can wake up and look forward to 930 and see everything thats happening. Im sure all of you have felt days where its rough and theres nothing to look forward to but the market for always gives me a reason to keep getting and up and making more. + +Anyone who has been feeling down because theyve lost alot of money please dont let it get you crazy its simply not worth it. + +Does anyone else feel like this regarding the market?? + +I cant wait to eat my own words when im bleeding thousands every day :) +At this point it is clear that the 13 millions shares available to short that they pulled from their asses was not a typo. They keep naked shorting and they are going to go all in with everything they have to push us out because the alternative is their total obliteration. It is doomsday for them. + +All they have is bluff and scare tactics so don't hesitate. Diamond fucking hands. The DD is as solid as ever. The deeper they dig themselves in this financial shitshow, the higher we will rise once they are forced out. + +DRS and HOLD with your life. + + 💎🙌 +I went through the process of applying for a high yield savings account - filled out forms, uploaded a copy of my driver's license, uploaded a utility bill, etc - and they got back to me after a couple days. They said everything looked good but I needed to send them a copy of my social security card. I said "wait, what? I already gave you my SSN and you've run my credit so why do you need to see the card?" + +First guy said it was because we've run out of social security numbers so some people have the same numbers and for that reason they need to see the card. [My face when.](https://i.kym-cdn.com/entries/icons/mobile/000/001/007/WAT.jpg) + +Then he said I could just email a photo of the card to newaccounts@ally.com. I said great, thanks and ended the call. I called back to someone else thinking there's no way this is right. This person confirmed they needed a photo of my SS card and that emailing it to newaccounts@ally.com was my best option. I asked whether this was a secured email address and she said "no, but we're very careful with your data and haven't had any problems". Long story short she said I could send it there, fax it, or send it via USPS. + +I said thanks, left the call and am now planning to cancel my application. Who's the weird one here? Ally Bank or me? + +TL;DR: Ally Bank wants me to email them a copy of my social security card to a general unsecured address. This feels sketchy as hell to me, but is it? +Hey guys, I'm quite new to investing (started in April 2020) I just turned 20 and I've had moderate success so far turning $2500 into around $13,000. I'm currently all in on $DMGI with 4269 shares ;) at an average of 2.62 because I believe it has long term potential especially heading into 2022.Basically I'm asking what are your guys thoughts on the stock? should I sell out at a break even or would you hold? +I’ve received two calls over the couple months from Sallie Mae concerning first my sister, then my mom. Both calls I’ve ignored and let go to voicemail. In both cases the representative was asking me to provide contact information for my sister/mom and claimed it was a “time sensitive matter”. I believe these calls are legitimate because my family is terrible with money and have a history of defaulting on loans. My question is, do I have any obligation to respond to these calls? I am not close with my mom or sister and I would prefer to stay out of it entirely if possible. Thanks for any advice. +My question is: Does marriage affect your taxes, student loan payments (income driven), in a negative way? Does it make it more difficult even if your finances are separate? +I was scrolling through Reddit today when on another subreddit, someone was discussing how difficult it is for them to clean when they’re so busy and someone else responded and said to “just pay someone else to do it” for them. It kind of caught me off guard because I’ve never thought of paying someone else to do a task of mine as a casual thing; usually it’s something I’d save for or would have to make a much larger income to make happen. I do not currently pay anyone to do any tasks around our house, but I dream of a world where I could. +Snapchat is on the road to go public next year. It's estimated to have revenues of 1B for 2017, and is said to potentially price itself at a multiple of 25x ad sales. + +Do you guys plan to buy? A large question is whether or not they will be able to grow their ad sales business, and if so, how. Any thoughts on that as well? +With record household debt, 95% LVR loans and interest only loans for investment properties, it seems like even the smallest interest rate rise would cause an economic death spiral. + +How could interest rates ever increase again? Are we all fucked? +I've blown about 2 accounts before, which was money but not life depenant amount, I saw it as a good lesson and started over. + +I started to improve my performance av dived deeper into my style of trading. Then as the market has not really been rewarding my style (swing breakouts etc.). I decided to go back into scalping which vie done before. Keep in mind I have a much larger account at the moment, life changing money. + +In one day I lost about 10 percent of the account (did size) then the next day I decided to "win that back" and then stop scalping (obviously not as good as i believe). I made about 15% back up and then as the market stalled, chopped around I lost all of that and 10% more. Today I knew I was not supposed to be trading, but I felt like I could make that back in a few trades and the relax... I lost another 5% and almost started to cry of frustration, lost another 5% and did not care anymore and took whatever came at me so lost more... I was not being objective. + +I'm now down 40% of the account which is several years of salary in 3 days. + +I'm still in the mindset of that I can make it back in a few trades IE take huge position on margin and move a few percent will be enough.. But I know the outcome based on these few days... + +I will stop trading for some time and go back to my previous swing strategy where I perform well and manage risk when market allows, but Its a much slower process and I feel that I will never be able to make that back. + +Have anyone ever made a similar mistake and then slowly made everything back? + +I feel like the only way is to keep being aggressive or develop that style of trading - otherwise it will take me many years. +Article: https://www.reuters.com/article/us-dynamicyield-m-a-mcdonald-s-corp/mcdonalds-to-buy-israels-dynamic-yield-idUSKCN1R62Q4 + +"McDonald’s said it would use Dynamic Yield’s technology to change its digital Drive Thru menu displays to show food based on the time of day, weather, current restaurant traffic and trending menu items. " + +It's not mentioned in the article but they will not be stopping contracts with any companies that Dynamic Yield have, and they have no plans to stop them. I imagine they might eventually pull it from immediate rivals, although maybe if Burger King (for example) were to use the McD's would know exactly what people were ordering there? + +I think the big metric to watch to see how well this works is average ticket price. The goal doesn't seem to be to drive more customers, but instead to get each customer to spend a few dollars more each trip. + +Anecdotal, but people feel more comfortable adding glutanous things to an order when they don't have to ask for it for other people to hear. If it's twenty cents to add a slice of extra cheese to a cheese burger maybe or extra sauces etc. maybe people will add more of these +I'm new to real estate investing, I bought my home a year and a half ago and ever since I've been reading everything and watching everything I can on real estate investing. From what I can see the buy and hold route seems the best long term investment strategy for my goals and I am in the process of hopefully buying a 4-unit that is about 4 blocks away from me. All of the numbers look good and everything but I have been getting a lot of people telling me that I'm moving too fast and should start out SFH or Duplex. but the numbers on all of those aren't nearly as lucrative since I can hopefully get the 4 at the same price as most of the duplexes or single familys in my area. (I say hopefully because they were going to submit the best short sale offer to the bank today) Is starting out with 4 units a lot more difficult than only having one or two? +Take advantage of the EV goldrush by completing the EV Trifecta + +As you may already know, we are currently in the midst of an EV goldrush. Early adopters, investors, and gamblers will be rewarded for identifying these opportunities and capitalizing on them. + +One way to ensure that you gain enough exposure to capitalize on this this gold rush is by completing the EV Trifecta, which are: + +1. EV Manufacturers +2. Raw materials for batteries +3. EV charging stations + +I will go into a bit more detail on each component of the trifecta: + + + +1. EV Manufacturers - These are companies that develop and manufacturer EV for the public to new purchase. There is a lot of EV manufacturers that are going public, some of them will be achieve market dominance, while others will dwindle away \*cough\* NKLA. These are some of the EV manufacturers that are available for the public to invest in: TSLA, NIO, XPEV, KNDI, LI, SHLL, PIC, HCA(C), SPA(Q). Currently, TSLA is the market leader in this industry and also have the first mover advantage, and this is clearly reflected in their stock price. All the other EV manufacturers are up and coming and will have lots of run room as EVs become more prevalent in our day to day lives. + +2. Raw materials for batteries - The logic here is that as demand for EV increase, so will the demand for the raw materials used to create the batteries for the EVs. Simple economics 101 states that as demand increase and supply decreases, price should increase accordingly. These are the current raw materials companies that have a spotlight on them: LA(C), VAL(E), PLL. PLL is the only raw materials company that have a public contract with TSLA and has been halted for weeks because of this news. PLL will definitely be a hot buy once it unhalts. + +3. EV charging stations - In order for EVs to be come more prominent in our day to day lives, there needs to be a proper infrastructure that will enable that. One of the biggest concerns in regards to EV is range anxiety - drivers don't want to be left stranded if they forget to charge their vehicles overnight at home. Having charging stations that are widely available will help combat this risk. The EV charging station market is relatively untapped, and this market will grow along side the EV market. The key players in the EV Charging station are SBE, BLNK, SPl. SPl had an insane run up last week when they announced their EV initiative, their share price increased over 3000% from $1.50 to over $40 (this was short lived though). BLNK is a mixed bag, there are some complaints in regards to the quality of their charging stations, but hopefully they'll improve over time. SBE is a SPA(C) merger to bring Chargepoint public. Similar to TSLA, Chargepoint is the market leader in the charging station space and also have the first mover advantage. Chargepoint currently has hundred of thousands of charging stations across North America (US and Canada) and is expanding into Europe. Their products can be purchased via their home website or Amazon and have great reviews online. + +By completing the EV Trifecta you'll ensure you have proper exposure to the EV goldrush. I'm sure I missed a few companies, so please feel free to mention them and add any additional details that I might have missed. +I will soon change into a position in which I could invest 10k to 15k per month. The obvious path towards fat fire would be to just throw them into index funds and that’s it. I am however toying with the idea to take some of that and invest it into “fun” stuff that might yield some returns as well (even though it may be more risky). Do you have any ideas? I was thinking about hiring two offshore developers and having them work on startup ideas... invest into one early seed startup per month... buy equities of far off technologies once per month and forget about them... what would you do? +Hi, fairly seasoned investor here. I've done fairly well this year (up roughly 55% YTD and actively managing my portfolio daily). Honestly, I'm a bit bewildered by all the love for tech that still exists here. To me, it's pretty obvious that from here on out, the next 40-50% gains will come from the recovery stocks, not tech. + +What do I mean by recovery stocks? Retail, commercial real estate, airlines, casinos, cruise lines, financials. + +Why? Allow me to borrow a couple minutes of your time. + +**Vaccine vaccine vaccine.** There is a widespread belief, which I agree with, that we will not have an approved vaccine available for the public to use until early next year. However, that is a dumb reason to not buy recovery stocks. The question you should be asking is: will we know that one of the many vaccines that are out there is effective and safe by the end of this year? Once we have a vaccine candidate that we know is effective and is safe, then the game is over. It does not matter if that vaccine won't be approved for a few weeks after, or won't be available for widespread use for a few months. The market looks forward. Once it becomes clear that a vaccine is ready and is coming sometime within the next 6 months, the recovery stocks will boom. + +So, when will we know? Pfizer has said that they should know by the end of October whether a vaccine is effective, and will release some data around then. If their Phase 3 data is positive, then I expect a huge rally in the recovery stocks. I expect their phase 3 data to be positive, given the positive phase 1/2 data, the cloaked positive comments in the press by Pfizer execs, and my belief in mRNA's potential. + +**Ok well even if we get a vaccine approved we don't know if people will even take it, right?**. Of course they will. Sure, there will likely be only a small cohort of brave souls initially who take it, but once they take it and find it effective and low on side effects, they will tell their circle of friends/family, some of whom will then take it themselves, and then tell their circle, etc. etc. People want someone else to be one of the first to take it, but like with many things, once they hear it recommended from their friends who took it, they will themselves take it. Also, let's not forget that we won't need 100% vaccination rate for things to get back to mostly normal, and a lot of activities that were previously restricted (like international travel) will likely be available again only to vaccinated folks, which will further boost vaccination rates and create a self-reinforcing cycle. + +**Ok but things will never fully return back to the way things were, right?** Probably not 100%, but I think 80%, yes, and much more quickly than you think. There is so much fearful talk of remote work being the way forward, and that no one wants offices anymore, and why would you ever travel for business again. I think this is all blown WAY out of proportion. For God's sakes guys, this is the way we've been doing things for many decades. People's habits won't just change on a dime like that because of a 9-12 month situation that is temporary. People will still want to see each other face to face, people will still go to offices, etc. I mean, I work remotely for my job, and it sucks. Meetings are confusing, I find myself procrastinating and not being nearly as efficient/productive as I was when I was in an office, team cohesion is down. Many employers do not like remote work because productivity is decreased significantly, and it's employers who will set the policy. Now, sure, maybe we have more remote work than we did before. Maybe it's an option for some people, maybe you work 1-2 days remotely per week or something, fine. But I don't think this justifies a 300-600% run up in some of these work from home stocks, and I expect to see those absolutely crater once we have a vaccine. + +**Ok, but the stock prices of these recovery stocks won't return to normal for quite a while, right?** Not only will they, but they'll surpass their previous pre-covid levels. Why? The Fed, and short covering. The Fed has inflated the prices of all the 'hot' stocks. PTON, ZM, FSLY, etc. all have had huge run ups because tech was hot, and people had a lot of money to invest. Once the recovery stocks are hot, they will be inflated too. The Fed has committed to keeping rates low for at least another couple years (due to wanting inflation pegged at 2%), so rates will be low even after we have a vaccine. Short interest in some of the recovery names are also quite high, so short covering will drive these stocks even higher than you'd expect. + +**Ok, but, a second wave is coming, right?** Probably, but a second wave at this point should mean nothing to recovery stocks. It's all about the vaccine. If a vaccine is shown to be effective in November, but we get hit with a second wave in December, who cares? Yes maybe these companies will have 1-2 months of pain, but again, the market looks way forward, and once you have a vaccine, the light at the end of the tunnel will be blaring, and you'll ignore the bumps on the way. + +**Ok, so why not just buy the recovery stocks when/if they come out with positive data?** Yeah, you could I guess, if you're a very risk averse investor or not totally convinced. However, I would not be surprised to see some of the more hard hit recovery stocks up by 15-20% after positive vaccine data (for example, ALK was \~$65 pre-covid, but is now at \~$38. If a vaccine is shown to be effective tomorrow let's say, I don't think it'd be unreasonable to see that stock shoot up to $44 pre-market). Even then I'd still expect more upside though, so I'd be a buyer there. However, I'd personally prefer to cash in on those 15-20% gains as well as the future upside, which is why I'm a buyer here. + +**Ok, well, what are the risks?** The risks are mainly around a covid vaccine not being effective or being unsafe. If that happens, then recovery stocks will take a serious beating. You also may see some short term pain if covid cases jump before vaccine data is released, as some folks/algos in the market take that as meaning 'sell recovery, buy tech'. Also, make sure you buy companies with very strong balance sheets, as if there are any unexpected bumps in the road with a vaccine, you don't want to be stuck with a company you're worried about going bankrupt. + +**I would really really appreciate feedback on this.** I'm investing a lot of money in these stocks, and am by no means blind to the risks. I would really love hearing from everyone here about the things I missed or am not considering. If you have something I'm missing, and can potentially save me many many thousands of dollars, please please take a few minutes and just share that comment here. Thanks for your time reading this! +#Welcome to the **/r/CryptoMarkets** Monthly Discussion thread. 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/). + - If you are using RES, please click the subscribe button for the comment section to be notified when new comments are posted. + - Follow the golden rule and be excellent to each other. + + *** + + Thank you in advance for your participation. Enjoy! +I still see so many people who are not worried, and that's bad. So many people today are not fearful of a downturn in the economy or not having enough to pay the bills, I think many feel the government will keep taking care of people. When I was young I can still remember stories of relatives talking about how bad things were during the depression. People had to work hard and save pennies just to survive. I think that most people in developed counties are soft physically and emotionally. I still see people who don't earn all that much, eating out, going on vacation, and hiring people to cut their grass. what are your thoughts....................................just an old man ranting here. Have a nice day. +So I am 17 years old and I just saw some YouTube videos on making make him. So I don’t know much- nearly nothing. But some of the videos were talking about dividends. What I got from it is if you invest a certain amount each day/ month/ whatever and reinvest what you make from the dividends, you can make a ton of money if 20,30,40+ years. The videos make it seem easy. Is it actually easy or is there more that goes into it? And if it is actually easy, why don’t more people have more money? +[Senate Passes Bill to Delist Chinese Companies From Exchanges](https://www.bloomberg.com/news/articles/2020-05-20/senate-passes-bill-to-delist-chinese-companies-from-exchanges) +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! + +if you want the most out of your tax return (not running a business), is it worth consulting an accountant vs TaxTime Toolkit & manually submitting via myGov? + +is it worth the odd $200+ spend on an accountant? +[Full Article](https://www.msn.com/en-us/tv/news/cnn-msnbc-abc-cbs-nbc-ignore-pelosis-husband-buying-over-dollar1-million-of-computer-chip-stock-ahead-of-vote/ar-AAZKFKr?li=BBnb7Kz) + +Paul Pelosi, House Speaker Nancy Pelosi's husband, made a stock purchase of over $1 million in a computer chip company just weeks before a potential vote in Congress which would give a massive subsidy to the industry. + + Mr. Pelosi made a purchase of between $1 million and $5 million [shares of Nvidia](https://www.foxbusiness.com/category/stocks), a semiconductor company, according to a disclosure filing made by Speaker Pelosi's office. He exercised 200 call options, or 20,000 shares, the disclosure states. The disclosure raised eyebrows, as Reuters reported that the Senate could vote on a bill that contains billions of dollars in subsidies within the semiconductor industry as early as Tuesday.  + +Curtis Houck, managing editor of right-leaning media watchdog NewsBusters, said it was "no accident that the liberal media have made the decision to ignore" the story that could damage Pelosi.  + +"For those that are aware of it, they have zero comprehension and/or shame to realize how it's a quintessential story of how the elites work for their own financial benefit, not that of the American people," Houck told Fox News Digital.  + +Meanwhile, Nancy Pelosi's office has attempted to distance the House Speaker from her husband’s recent stock trades.  + +"The Speaker does not own any stocks. As you can see from the required disclosures, with which the Speaker fully cooperates, these transactions are marked ‘SP’ for Spouse. The Speaker has no prior knowledge or subsequent involvement in any transactions," spokesman Drew Hammill told FOX Business.  + +In 2020, Republican Sen. Richard Burr, N.C., and other high-profile lawmakers came under fire for stock sales in the run-up to the COVID-19 pandemic that were suspected to have been made based on confidential information about the pending outbreak. CNN, MSNBC, ABC, CBS and NBC all covered the story. "The Rachel Maddow Show" even featured a lengthy commentary about it.  + + Charlie Gasparino appeared on "Tucker Carlson Tonight" on Monday to discuss whether the move could be insider trading.  + +"This dude is a rising star on Wall Street," Gasparino joked before taking a serious tone.  + +"Obviously this brings up the notion, is this insider trading? Is she giving him some tips? We should point out that the SEC and the DOJ have brought cases on insider tips via pillow talk. Trust me on this. It’s happened," he said. "I don’t believe this hits the insider trading bar… a lot of information about this legislation was bouncing around, it has to be material, non-public, stolen, misappropriated. It kind of doesn’t hit those barriers. But what this does hit is limousine liberalism, arrogance on steroids."  +Amazon could soon be leasing at least 20 cargo planes with the goal of building its own air-logistics operations in the US. + +http://www.businessinsider.com/amazon-in-talks-to-lease-20-cargo-planes-2015-12 +I work on NPR's education team, and my colleagues and I are working on a story about the challenges that face student loan borrowers who have disabilities. We're hoping to talk with people who receive SSI/SSDI benefits and have student loans to pay off. If that sounds like you, DMs are open! I'd like to chat. + +EDIT: Thank you to all who have reached out! So many of you responded and we really appreciate it. + +Our team at NPR published this story: [https://www.npr.org/2019/12/04/776058798/why-student-loan-borrowers-with-disabilities-arent-getting-the-help-they-deserve](https://www.npr.org/2019/12/04/776058798/why-student-loan-borrowers-with-disabilities-arent-getting-the-help-they-deserve) + +And then this: [https://www.npr.org/2019/12/05/785067952/lawmakers-call-for-investigation-after-npr-report-on-troubled-student-loan-progr](https://www.npr.org/2019/12/05/785067952/lawmakers-call-for-investigation-after-npr-report-on-troubled-student-loan-progr) +Good afternoon/evening fellow crayon eaters. I would like to bring to your attention the difference between this year March, and last year March. Last year, the cycle finished on March 12th, 2021. However, the correlated January opex day was **ONE WEEK EARLIER.** That's right, the options in January during the OG ape sneeze didn't hit us until the ***VERY FINAL WEEK*** of their March cycle. This year, the January options expire one full week later. This means we have NEXT WEEK still for action as it pertains to this cycle, putting this cycle end on March 18th. A grand majority of our DOOMPs for this cycle came from the original January sneeze. You can see the put open interest increase day by day if you have a platform like thinkorshill, using their "OnDemand" feature on the very right on the trade tab. Going back days allows you to view what the daily OI and volume was for options, so on and so forth. + +[highlighted opex days to show unaccounted extra trading days](https://preview.redd.it/bowv5cownsm81.png?width=240&format=png&auto=webp&s=3b76f69555773924b0286737934f14abe107baf0) + +&#x200B; + +[original cycle Jan '21, T+2+35](https://preview.redd.it/90e7gpf9qsm81.png?width=477&format=png&auto=webp&s=763ecbe7c5fe89b599623a3031d75f3fd99ee03f) + +So we have another week. And people have been running around saying the cycle is dead. Ryan Cohen likely knows the cycle is alive, and has moved his earnings a week earlier to make an explosive announcement at the worst possible time for them. Good riddance. + +Edit: Addressing questions in the comment section about futures rollovers, u/oscar2wilde4u has commented on a previous post about how "rollover periods are merely a suggestion" - that rollover dates can be moved anywhere before expiration. You can find his comment here: [https://www.reddit.com/r/Superstonk/comments/pl5dbv/comment/hc86msf/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/pl5dbv/comment/hc86msf/?utm_source=share&utm_medium=web2x&context=3) + +Additionally, here is an image of the of the expirations for futures, which leaves the last day on the same date. + +[18 Mar 2022 expiration](https://preview.redd.it/336jq1webvm81.png?width=767&format=png&auto=webp&s=076fd9061cfab145171c904a2bffa9188ba20ba9) + +Feedback and criticism I heavily encourage. Thank you everyone who shared their thoughts with me about this, I'm happy to be able to add it to the post. +https://www.cnbc.com/2019/09/10/aswath-damodaran-wework-is-worth-70percent-below-where-it-last-raised-money.html + +WeWork’s equity is really worth $14 billion — 70% below where it last raised money in private markets, NYU’s ‘dean of valuation’ Aswath Damodaran says. + +One key reason for Damodaran’s skepticism is WeWork’s real estate liabilities. By his estimates, the company has accumulated a $23.8 billion debt load, including lease commitments. + +“The hope is that as the company matures, and its leaseholds age, they will turn profitable, but this is a model built on a knife’s edge that, by design, will be sensitive to the smallest economic perturbations,” Damodaran says. +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! + +Hi folks. + +Does anyone here use the Unusual Whales service for put selling? I'm a subscriber and have played a couple long calls based on Unusual Whales signals or my screener setup + my proprietary "due diligence". + +Was wondering if anyone here also uses Unusual Whales but for spotting cash-secured put opportunities. + +If so, any screen/filter preferences? I have a few CSP screener setups on Barchart and look for some conviction on the long side with Unusual Whales +Hey all. I had a question for those of you who have spent large amounts of money on sports and exotic cars once you became more financially independent. + +I keep going back and forth on pulling the trigger on an exotic, and would love to hear about experiences of this community in doing so. + +Did you regret your decision? Why did you want the car in the first place? Was it worth it? + +Any input would be amazing. I’m worried I will always want the next shiny thing and no matter what I get there will always be something better. +Hi, I earn £1189 monthly full time salary. This is the net amount after NI, pension and Income Tax. I was wondering if I would be able to ever buy a house on this salary? I save between £600-750 of this every month. My breakdown is £200 rent live at home, £80 on travel, £80 discretion, £40 lunch, £19 medicine, £7 phone, £14 tv licence and £7 insurance. All are monthly amounts. By my calculations, I save about £7-9000 a year. + +Do I need to worry about increasing my salary for a mortgage? Like is there a minimum salary or is it always 4.5x whatever salary? I’m looking at buying a house for cheap (80-100000). I live in the northwest. I have about £10000 saved. Currently it’s out of reach but is it feasible in about 5 years time where I’d have 45-55000 deposit? I keep thinking the house prices will rise e meaning I will have to save even longer. I also don’t want to leave this job as it’s very stable. + +UPDATE: +Thank you for the comments which are a massive help! They have given me a lot to think about. Also thank you for the award and upvotes. !thanks everyone +Hi all, I (27f) have recently started a new job 2 months ago with a salary of £23,000. The company I work for has recently had a company wide pay review and in the new year I will rising to £25,000. This really amazing and I feel really blessed and very happy in my new role. + +I will be getting married in the next year as most if the wedding is paid for already, I would like to maximise my earning and saving potential as I enter my marriage and probably join finances with my fiance (earns about the same). I have a 6-month emergency fund (with a goal of 12-months) and around £16,000 in a mixture of long and short-term investment and savings accounts across several banks and platforms. + +What are some pitfalls to avoid now and in the future as I (hopfully) increase my earning potential over the next few years? +My father recently gave me about $4M in a blue-chip legacy stock which has a very low cost-basis from over 40 years ago when he inherited it. Even though the stock is stable, it's now 3/4 of my overall portfolio which means of course that all my eggs are in this basket and yet if I sold it I would owe a ton of capital gains. + +Should I hold onto it and FIRE off the dividends or diversify despite the tax hit? Or some of both - and if so, how much? I'm 33 and a little new to this level of investing. Here are my goals: + +1. **Diversification** - I'm way over-exposed on this one stock. +1. **Gains** - The stock has been fairly safe and delivers nice dividends, but it hasn't gained anything for over 3 years and traditionally performs below the market. I'm torn between doing FIRE on dividends vs. 4% rule. +1. **Reduce Taxes** - I live in California so I could end up paying over 30% in combined capital gains and state taxes if I sold it. + + +Here are my ideas so far: + +1. **Diversify with dividends & offset other losses** - I'm already doing this, but it would take decades to properly diversify, and in the meantime this stock won't keep pace with the market. +1. **Move to a no-tax state & sell** - If I moved to a no-tax state for a year before selling some or most of it, I could at least avoid California's huge tax burden. +1. **Sell it slowly** - If I sold it in $425,000 chunks I could at least only pay 15% cap gains (and avoid the top rate of 20%). +1. **[Exchange funds](https://www.robinsonsmithwealth.com/blog/using-an-exchange-fund-to-diversify-concentrated-stock-risk)** - I don't know a lot about these yet but they seem like a decent option for someone in this position. But they seem a little complicated and expensive. + +Obviously I'm working with a financial advisor but even fiduciaries are always trying to steer you into some service or product their company offers. I'm hoping the objective internet hive-mind will have some good ideas... + +**Edit**: Several clarifications + +**PS**: Thanks for all the great feedback - y'all are some smart fuckers. +I keep seeing this idea posted that Ryan Cohen issued new shares of GameStop so, get this, shorts have a chance to cover so that GameStop could say that they offered the shorts a way to prevent a market collapse due to MOASS. + +I’d just like to remind everyone the board of directors Fiduciary duty is to us, the share holders. Not to the people shorting the stock or the SEC or the DTCC. + +Maybe I will stand to be corrected here. However I can’t fathom why this theory is even considered plausible, let alone has almost 10k upvotes on the front page. +Applied for a job which advertised salary as ‘competitive’ and obviously I’ve done a bit of research into expected salaries. Now though, they’re asking me to accept an agreement in principle that I will join, without first telling me the salary!? Is this the norm now? + **Punt’s 3 Line TLDR:** + +Gold is on the rise, inflation will drive it higher; Megado is currently drilling for gold in a gold rich area of Ethiopia (not as risky as one thought). They are an $8mill market cap company with $4mill in bank and two drill rigs currently turning bits in the ground over their flagship Chakata prospect with a raft of impending results due from June through to September. The geo team is responsible for previously discovering and drilling out the >1.5Moz Dish Mountain Prospect in the same region and are driven to do it again, but bigger. + +**Megado DD** + +A little more speculative and a slightly different colour to my usual radioactive tendie contribution. u/Dark_Raiden_'s recent post on [understanding gold exploration & results](https://www.reddit.com/r/ASX_Bets/comments/nowz1e/gold_exploration_results_things_to_look_out_for/) motivated me to dive a little deeper into my top tipped gold explorer with near term results due this month. + +A series of unfortunate events has caused a \~40% price downturn since listing on the ASX and IPO (Oct 2020) and as a result has planted MEG in a primed price and position to be classed officially as a calculated punt. + +**Disclaimer**: I am not a geologist, gold is not my commodity forte, and all of below is my own research based on available public releases and an in-depth dive into the company and their prospects. + +**ASX Technicals (22/06/2021):** + +* **SOI**: 71.5M shares on issue (>45% held by insiders) +* **MC: $8.58M** +* **SP**: 13c +* **Financials**: $3.9M cash in bank, no debt + +# The Company's Prospects and Goals: + +Megado is a gold explorer that is aiming to discover and build out a 2-5Moz JORC resource over the next 18 months that will likely result in either of the two key outcomes: + +1. Significant JORC resource is defined and is purchased by the larger gold producers like AngloGold, Newmont, Barrick (or most likely the Chinese - see Chalice Gold note below) +2. OR, they prove the resource size and go onto develop the mine themselves (3-5yr+ venture) + +Megado has secured over 700km\^2 of premium land across 6 highly prospective deposits with some positioned immediately along strike to the north and south of Ethiopia’s only modern gold mines Lema Dembi (+3Moz Au) and Sakaro (+0.6Moz Au). Projects include : + +* Chakata (100% MEG) \*\***Flagship Project - currently drilling with results due\*** +* Babicho (80% MEG) **\*Was first to be drilled - results open for more drilling\*** +* Mormora Gold (100% MEG), Dawa Gold (100% MEG), Dermi Dama (100% Meg) \***Undrilled targets\*** +* Chochi (100% MEG) \*West Ethiopia, same greenstone belt as >1.5Moz Dish Mtn Gold Deposit - Discovered by MEG’s Exec Director Dr Chris Bowden\* + +[Megado's secured exploration tenements over 700km\^2](https://preview.redd.it/g4rhhwq4pp671.png?width=565&format=png&auto=webp&s=aa8eec66b5b61d3dcef53c3b999592edebd816bf) + + The Megado focus for unearthing and discovering these near surface deposits is to initially conduct wide coverage trenching campaigns and then home-in with targeted drilling. This method is inexpensive and has proven to be effective in the region and should get the best value of capital. After initial drill targets have been assessed the next step will be adding more drill rigs to the mix and growing the team for quicker turnaround and release of more and more assayed results. + +**The Core Team -** those who’ve done it before can do it again**:** + +Chairman: **Michael Gumbley** \- who brings the political and financial background for working in Ethiopia and collaborating with the government and local partners. + +The company technical director **Dr Chris Bowden** is credited with discovering Allied Gold Corp’s >1.5 million-ounce Dish Mountain deposit in West Ethiopia. He has brought a number of the key geologists across with him to Megado. + +Working with Dr Bowden is **Bradley Drabsch** an experienced mineral exploration geo who together with Dr Bowden both manage the growing on ground team of now over 12 geologists, most having worked with Chris before on previous discoveries. + + + +# Key Considerations/What to Be Aware of: + +* It's in Ethiopia! - straight up first point that comes to mind - \*see below notes +* The share price is now sitting at all time lows and has dropped 50% since IPO (Oct 2020). But why? I believe due to: + * Delays in starting initial drilling program due to licence and equipment approval hold ups. + * Samples to be assayed bottle-necked with export and import delays as well as lengthy lab processing backlogs. Samples are exported from Ethiopia and imported to Perth Australia for lab analysis,suffering transit and quarantine timelines. + * Babicho was drilled first and initial drill results were considered subpar to what the market was expecting from the other flagship prospect, Chakata. + * **Lack of marketing** and **low visibility** across the market - likely because near to no results have been available to build the investor interest. As a result general holders get bored and begin to sell positions to move funds into other opportunities. + +&#x200B; + +* **Low share volume liquidity** \- there are less than 75million shares available and of that >45% are held with insiders. Thus a small sell order can cause a large drop in price, but contrary some decent buy orders can see the SP move up substantially. +* A **capital raise** will eventually be required to fund further expansion and exploration. With $4mill in bank and burn rate around $2mill/year, I would expect them to need to raise more capital early next year. Hopefully at a much higher share price. + + + +**Political risk\*** \- Ethiopia has been in the past considered a high risk region to operate in and for good reason. However Ethiopia has been changing rapidly over the last decade and achieved economic **growth of** **10 per cent per year between 2007 and 2018**, according to the world bank. The government is supportive of foreign investment and is prioritising mining and gold production and wants to achieve >137 tonnes of produced gold this decade. + +**Investment flow into Ethiopia** **-** Recent investment has been flowing into the region with even FMG’s Twiggy Forrest announcing a hydro and green power projects in the Congo that will attract $100b of investment and has mentioned key green power projects will also be conducted in Ethiopia, demonstrating investor confidence in the region. Looking through the history, Ethiopia appears to have really matured to become a mining friendly jurisdiction. + +[Trenching of 4-5m deep trenches for inexpensive exploration and homing-in on drill targets](https://preview.redd.it/3ckrtafdqp671.png?width=602&format=png&auto=webp&s=3aeee071c0183ffac2dc2b7eae306234895a5cfa) + +# Timeline and Announcements: + +* **Pre-IPO**: 3+yrs of local geo research, historical and spectral mapping reviews, exploration tenement licences acquired. +* **IPO(Oct2020)-May 2021**: Surface mapping, fieldwork identifies outcropping quartz veins with visible gold at Chakata (Nov), + * Maiden drilling program at Babicho (Dec) 6 holes + * Maiden drilling program commences at Chakata (Feb) - \~10holes + * MEG looking to secure 2nd drill rig (Mar), Additional new targets identified + * Delays on Babicho results being analysed at labs (import and lab delays) + * Visible mineralisation intersected, Drilling program at Chakata doubled (Apr) + * First Drill and rock chip samples from Chakata arrive in Perth (20thApr) + * Babicho positive trenching results calls for additional 5km of trenching to commence (May) + * Babicho drilling results - gold intercepts over 1.5km, geo observations indicate similar to Lega Dembi and Sakaro mine deposits to the south ([May](https://www.investi.com.au/api/announcements/meg/50a9573c-88e.pdf) ) + * High grade rocks from trenching samples at Chakata ([June](https://www.investi.com.au/api/announcements/meg/5179acfe-715.pdf)) \*\*See announcement below + +[Excerpt from 10th June Announcement ](https://preview.redd.it/2konrextqp671.png?width=602&format=png&auto=webp&s=0ae8cfaa7f9a78fa293345c96cb42b06a1aa6ffa) + + **Upcoming News and Catalysts** + +* Maiden drilling results for Chakata are due to be released in **next few weeks** (Located just 5km south along strike from the Lega Dembi and Sakaro mines (+3M ozs)) + * Contact prospect initial drilling concluded for 7 holes - **waiting on results** + * **Currently, drilling** continues at the GT Prospect + * New Dragon prospect to drill +* Further trenching results for Babicho, Chakata and other tenements +* Arrival of second drill rig to fast track exploration +* Drilling, trenching and groundwork results to continued to be release from June to through to September. + +[Most Recent Announcement - results from trenching samples](https://preview.redd.it/851f3er3rp671.png?width=602&format=png&auto=webp&s=b1d59d7bf44272e470a3ce2ac3f3a451d8b7d3d2) + + + +I’m not going to pretend I am an expert at reviewing drill and trenching results. But thanks to Dark Raiden’s post for [understanding gold exploration](https://www.reddit.com/r/ASX_Bets/comments/nowz1e/gold_exploration_results_things_to_look_out_for/) I can add this about MEGs prospects: + +* 🔆The Gold is shallow - trenching is only 4-5m deep and visible gold in high concentrations are being identified +* 🔆The drilling is shallow, sub 180m per drill hole with gold intersections near surface +* 🔆Exploring within 5km of existing mines - yes nearology point, but initial results are confirming very very similar structural geology and mineralisation to that of the nearby mine deposits +* 🔆Drilling and trenching observations are across broad zones and open along strike (i.e. not a narrow vein) + + + +**Similar ASX Stories:** + +It's interesting to compare MEG's potential with other ASX explorers that discovered gold deposits in Africa. + +* **Predictive Discovery** ([PDI](https://smallcaps.com.au/predictive-confirms-new-near-surface-gold-discovery-guinea/)) in APR 2020 found near-surface gold intercepts in the West African country of Guinea that increased the SP by 1000% in a couple of weeks +* **Challice Gold** ([CHN](https://www.proactiveinvestors.com.au/companies/news/151999/chalice-gold-mines-to-update-market-on-sale-of-zara-gold-project-32581.html)) - Held the Zara gold project (6 licenses over 547 sq km in northern Eritrea) and developed into a 1M ounce resource in the Koka Mine at 6.3g/t. + * Chalice sold the prospect to the Chinese SFECO Group in 2012 for US$114m with $25m capital return paid out to shareholders. +* **Chesser Resources** ([**CHZ**](https://smallcaps.com.au/chesser-resources-spectacular-hits-drilling-diamba-sud-gold-project/)) - Found high grade gold hits during drilling of Diamba Sud gold project in West Africa and the SP increased by 200% overnight + * Drilling intersected thick, shallow, high-grade oxidised gold mineralisation across a 200m wide zone in five adjacent holes. + + + +**My Position:** + +I first dipped my toes in Megado Gold shares during the IPO debut on ASX in October last year with a small parcel. Since then I have observed them closely and recently have been buying up larger positions as the share price has dropped to a point where I can calculate a near and significant return especially with the new financial year approaching and the Chakata drilling results imminent. + +I plan to hold this stock for the next 12-18months and then will reassess. + +**Key Summary & Rocket Rating:** + +* Megado is exploring some highly prospective land in west and primarily, south Ethiopia +* 6 project exploration assets over 700 sq km +* Strong team with in region experience and proven large discovery history +* Drilling, trenching and fieldwork continuously underway + * Raft of first results already due over June right through to September +* Rapidly expanding the on-ground team and looking to acquire further drill rigs +* Market cap of A$8mill and Cash in bank of $4mill +* ❗ I expect a **cap raise within 6-9months** for continued and expanding exploration +* ❗ Delays in results due to transit and lab wait times requires patience but seem to be improving +* ❗Lack of marketing and investor market exposure - I expect this is primarily due to having no results to build the story and investor interest as yet. This should change significantly following the release of the first lots of drilling results. +* ❗End of the day it's a speculative gold explorer. They have the right team and look to be in the right locations, but results can still end up being average. **So punt wisely** + +&#x200B; + +Punt’s rocket rating: + +* 3-5x🚀 rockets for 2nd half 2021 +* 10x🚀 rockets for 2022 onwards. \*Note 10x🚀 does not mean 10 "X", it is referring to multiple factors pointing to potentially really good returns. + **Punt’s 3 Line TLDR:** + +Gold is on the rise, inflation will drive it higher; Megado is currently drilling for gold in a gold rich area of Ethiopia (not as risky as one thought). They are an $8mill market cap company with $4mill in bank and two drill rigs currently turning bits in the ground over their flagship Chakata prospect with a raft of impending results due from June through to September. The geo team is responsible for previously discovering and drilling out the >1.5Moz Dish Mountain Prospect in the same region and are driven to do it again, but bigger. + +**Megado DD** + +A little more speculative and a slightly different colour to my usual radioactive tendie contribution. u/Dark_Raiden_'s recent post on [understanding gold exploration & results](https://www.reddit.com/r/ASX_Bets/comments/nowz1e/gold_exploration_results_things_to_look_out_for/) motivated me to dive a little deeper into my top tipped gold explorer with near term results due this month. + +A series of unfortunate events has caused a \~40% price downturn since listing on the ASX and IPO (Oct 2020) and as a result has planted MEG in a primed price and position to be classed officially as a calculated punt. + +**Disclaimer**: I am not a geologist, gold is not my commodity forte, and all of below is my own research based on available public releases and an in-depth dive into the company and their prospects. + +**ASX Technicals (22/06/2021):** + +* **SOI**: 71.5M shares on issue (>45% held by insiders) +* **MC: $8.58M** +* **SP**: 13c +* **Financials**: $3.9M cash in bank, no debt + +# The Company's Prospects and Goals: + +Megado is a gold explorer that is aiming to discover and build out a 2-5Moz JORC resource over the next 18 months that will likely result in either of the two key outcomes: + +1. Significant JORC resource is defined and is purchased by the larger gold producers like AngloGold, Newmont, Barrick (or most likely the Chinese - see Chalice Gold note below) +2. OR, they prove the resource size and go onto develop the mine themselves (3-5yr+ venture) + +Megado has secured over 700km\^2 of premium land across 6 highly prospective deposits with some positioned immediately along strike to the north and south of Ethiopia’s only modern gold mines Lema Dembi (+3Moz Au) and Sakaro (+0.6Moz Au). Projects include : + +* Chakata (100% MEG) \*\***Flagship Project - currently drilling with results due\*** +* Babicho (80% MEG) **\*Was first to be drilled - results open for more drilling\*** +* Mormora Gold (100% MEG), Dawa Gold (100% MEG), Dermi Dama (100% Meg) \***Undrilled targets\*** +* Chochi (100% MEG) \*West Ethiopia, same greenstone belt as >1.5Moz Dish Mtn Gold Deposit - Discovered by MEG’s Exec Director Dr Chris Bowden\* + +[Megado's secured exploration tenements over 700km\^2](https://preview.redd.it/g4rhhwq4pp671.png?width=565&format=png&auto=webp&s=aa8eec66b5b61d3dcef53c3b999592edebd816bf) + + The Megado focus for unearthing and discovering these near surface deposits is to initially conduct wide coverage trenching campaigns and then home-in with targeted drilling. This method is inexpensive and has proven to be effective in the region and should get the best value of capital. After initial drill targets have been assessed the next step will be adding more drill rigs to the mix and growing the team for quicker turnaround and release of more and more assayed results. + +**The Core Team -** those who’ve done it before can do it again**:** + +Chairman: **Michael Gumbley** \- who brings the political and financial background for working in Ethiopia and collaborating with the government and local partners. + +The company technical director **Dr Chris Bowden** is credited with discovering Allied Gold Corp’s >1.5 million-ounce Dish Mountain deposit in West Ethiopia. He has brought a number of the key geologists across with him to Megado. + +Working with Dr Bowden is **Bradley Drabsch** an experienced mineral exploration geo who together with Dr Bowden both manage the growing on ground team of now over 12 geologists, most having worked with Chris before on previous discoveries. + + + +# Key Considerations/What to Be Aware of: + +* It's in Ethiopia! - straight up first point that comes to mind - \*see below notes +* The share price is now sitting at all time lows and has dropped 50% since IPO (Oct 2020). But why? I believe due to: + * Delays in starting initial drilling program due to licence and equipment approval hold ups. + * Samples to be assayed bottle-necked with export and import delays as well as lengthy lab processing backlogs. Samples are exported from Ethiopia and imported to Perth Australia for lab analysis,suffering transit and quarantine timelines. + * Babicho was drilled first and initial drill results were considered subpar to what the market was expecting from the other flagship prospect, Chakata. + * **Lack of marketing** and **low visibility** across the market - likely because near to no results have been available to build the investor interest. As a result general holders get bored and begin to sell positions to move funds into other opportunities. + +&#x200B; + +* **Low share volume liquidity** \- there are less than 75million shares available and of that >45% are held with insiders. Thus a small sell order can cause a large drop in price, but contrary some decent buy orders can see the SP move up substantially. +* A **capital raise** will eventually be required to fund further expansion and exploration. With $4mill in bank and burn rate around $2mill/year, I would expect them to need to raise more capital early next year. Hopefully at a much higher share price. + + + +**Political risk\*** \- Ethiopia has been in the past considered a high risk region to operate in and for good reason. However Ethiopia has been changing rapidly over the last decade and achieved economic **growth of** **10 per cent per year between 2007 and 2018**, according to the world bank. The government is supportive of foreign investment and is prioritising mining and gold production and wants to achieve >137 tonnes of produced gold this decade. + +**Investment flow into Ethiopia** **-** Recent investment has been flowing into the region with even FMG’s Twiggy Forrest announcing a hydro and green power projects in the Congo that will attract $100b of investment and has mentioned key green power projects will also be conducted in Ethiopia, demonstrating investor confidence in the region. Looking through the history, Ethiopia appears to have really matured to become a mining friendly jurisdiction. + +[Trenching of 4-5m deep trenches for inexpensive exploration and homing-in on drill targets](https://preview.redd.it/3ckrtafdqp671.png?width=602&format=png&auto=webp&s=3aeee071c0183ffac2dc2b7eae306234895a5cfa) + +# Timeline and Announcements: + +* **Pre-IPO**: 3+yrs of local geo research, historical and spectral mapping reviews, exploration tenement licences acquired. +* **IPO(Oct2020)-May 2021**: Surface mapping, fieldwork identifies outcropping quartz veins with visible gold at Chakata (Nov), + * Maiden drilling program at Babicho (Dec) 6 holes + * Maiden drilling program commences at Chakata (Feb) - \~10holes + * MEG looking to secure 2nd drill rig (Mar), Additional new targets identified + * Delays on Babicho results being analysed at labs (import and lab delays) + * Visible mineralisation intersected, Drilling program at Chakata doubled (Apr) + * First Drill and rock chip samples from Chakata arrive in Perth (20thApr) + * Babicho positive trenching results calls for additional 5km of trenching to commence (May) + * Babicho drilling results - gold intercepts over 1.5km, geo observations indicate similar to Lega Dembi and Sakaro mine deposits to the south ([May](https://www.investi.com.au/api/announcements/meg/50a9573c-88e.pdf) ) + * High grade rocks from trenching samples at Chakata ([June](https://www.investi.com.au/api/announcements/meg/5179acfe-715.pdf)) \*\*See announcement below + +[Excerpt from 10th June Announcement ](https://preview.redd.it/2konrextqp671.png?width=602&format=png&auto=webp&s=0ae8cfaa7f9a78fa293345c96cb42b06a1aa6ffa) + + **Upcoming News and Catalysts** + +* Maiden drilling results for Chakata are due to be released in **next few weeks** (Located just 5km south along strike from the Lega Dembi and Sakaro mines (+3M ozs)) + * Contact prospect initial drilling concluded for 7 holes - **waiting on results** + * **Currently, drilling** continues at the GT Prospect + * New Dragon prospect to drill +* Further trenching results for Babicho, Chakata and other tenements +* Arrival of second drill rig to fast track exploration +* Drilling, trenching and groundwork results to continued to be release from June to through to September. + +[Most Recent Announcement - results from trenching samples](https://preview.redd.it/851f3er3rp671.png?width=602&format=png&auto=webp&s=b1d59d7bf44272e470a3ce2ac3f3a451d8b7d3d2) + + + +I’m not going to pretend I am an expert at reviewing drill and trenching results. But thanks to Dark Raiden’s post for [understanding gold exploration](https://www.reddit.com/r/ASX_Bets/comments/nowz1e/gold_exploration_results_things_to_look_out_for/) I can add this about MEGs prospects: + +* 🔆The Gold is shallow - trenching is only 4-5m deep and visible gold in high concentrations are being identified +* 🔆The drilling is shallow, sub 180m per drill hole with gold intersections near surface +* 🔆Exploring within 5km of existing mines - yes nearology point, but initial results are confirming very very similar structural geology and mineralisation to that of the nearby mine deposits +* 🔆Drilling and trenching observations are across broad zones and open along strike (i.e. not a narrow vein) + + + +**Similar ASX Stories:** + +It's interesting to compare MEG's potential with other ASX explorers that discovered gold deposits in Africa. + +* **Predictive Discovery** ([PDI](https://smallcaps.com.au/predictive-confirms-new-near-surface-gold-discovery-guinea/)) in APR 2020 found near-surface gold intercepts in the West African country of Guinea that increased the SP by 1000% in a couple of weeks +* **Challice Gold** ([CHN](https://www.proactiveinvestors.com.au/companies/news/151999/chalice-gold-mines-to-update-market-on-sale-of-zara-gold-project-32581.html)) - Held the Zara gold project (6 licenses over 547 sq km in northern Eritrea) and developed into a 1M ounce resource in the Koka Mine at 6.3g/t. + * Chalice sold the prospect to the Chinese SFECO Group in 2012 for US$114m with $25m capital return paid out to shareholders. +* **Chesser Resources** ([**CHZ**](https://smallcaps.com.au/chesser-resources-spectacular-hits-drilling-diamba-sud-gold-project/)) - Found high grade gold hits during drilling of Diamba Sud gold project in West Africa and the SP increased by 200% overnight + * Drilling intersected thick, shallow, high-grade oxidised gold mineralisation across a 200m wide zone in five adjacent holes. + + + +**My Position:** + +I first dipped my toes in Megado Gold shares during the IPO debut on ASX in October last year with a small parcel. Since then I have observed them closely and recently have been buying up larger positions as the share price has dropped to a point where I can calculate a near and significant return especially with the new financial year approaching and the Chakata drilling results imminent. + +I plan to hold this stock for the next 12-18months and then will reassess. + +**Key Summary & Rocket Rating:** + +* Megado is exploring some highly prospective land in west and primarily, south Ethiopia +* 6 project exploration assets over 700 sq km +* Strong team with in region experience and proven large discovery history +* Drilling, trenching and fieldwork continuously underway + * Raft of first results already due over June right through to September +* Rapidly expanding the on-ground team and looking to acquire further drill rigs +* Market cap of A$8mill and Cash in bank of $4mill +* ❗ I expect a **cap raise within 6-9months** for continued and expanding exploration +* ❗ Delays in results due to transit and lab wait times requires patience but seem to be improving +* ❗Lack of marketing and investor market exposure - I expect this is primarily due to having no results to build the story and investor interest as yet. This should change significantly following the release of the first lots of drilling results. +* ❗End of the day it's a speculative gold explorer. They have the right team and look to be in the right locations, but results can still end up being average. **So punt wisely** + +&#x200B; + +Punt’s rocket rating: + +* 3-5x🚀 rockets for 2nd half 2021 +* 10x🚀 rockets for 2022 onwards. \*Note 10x🚀 does not mean 10 "X", it is referring to multiple factors pointing to potentially really good returns. +With QEM sitting on one of the largest deposits of Vanadium in the world in Julia Creek QLD this seams to be a no brainer at 18 million market cap and only 100 million shares on offer. + +Vanadium is up 10 percent just this month and with it's future uses in storage batteries it will continue to rise. + +QEM has progressed to a Pilot Plant stage and is looking very promising. +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. +I see a lot of firms investing in China now. I have to agree it’s a pretty good situation for Value Investors, companies with good numbers like Baidu, Alibaba, and Tencent are in a distressed situation that’s causing volatility and price decline. But there is so much shadiness involved with China can we even trust the numbers for these companies in the first place or should we be asking way more questions? What if China is just like a big Enron and the government is making companies post fake profits?What do you guys think? +I know that may people say that the most accurate way to run a DCF model is to use the company's WACC as the discount rate, but I'm having trouble wrapping my head around why that is. Aside from the fact that it incorporates CAPM which many would argue is antithetical to value investing, I'm thinking more generally. + +I get why WACC is useful for the company itself if it is trying to determine whether to invest in a certain project or make a certain acquisition, but why, would, I as an individual retail investor trying to decide what public securities to purchase, use that figure? Wouldn't it make more sense to use my own personal desired rate of return to determine what I would be comfortable paying for it (accounting for a margin of safety)? In other words, doesn't it make more sense to discount the cash flow back to today at a rate that I want it to be at to determine what to pay for it today, rather that basing that decision off the company itself's cost of capital? + +I realize this may be dumb question or that I'm oversimplifying things so thanks in advance for your answers and patience. +Hey guys, if you have ever considered investing in IPOs, or companies that have gone IPO in the recent years, then this post is for you. I did a bit of a quick research into this recently. But first, a quick recap of what Warren Buffet says about investing in IPOs: + +* Warren Buffet has always been very vocal about his views on IPOs. His thought process is that "*there are always better businesses to buy than IPOs*". He always compares IPOs with other alternatives in the market, and so far, he has not found a strong justification for investing in an IPO versus another solid business at a good price. +* Buffet also dislikes the fact in IPOs, there are commissions that go to the stock salesmen, remember that IPOs are executed by investment banks so there is a push to sell IPOs like any other product, He likes to buy stocks where "*no one is making any money on the sale*". + +I'd like to share with you some stats that I put together. Bear in mind the following: + +* I took the [full list](https://www.iposcoop.com/scoop-track-record-from-2000-to-present/) of IPOs in the last 20 years from iposcoop.com. +* Filtered only companies that went public between years 2000 and 2015, so that at a minimum we have at least 5-6 years of post IPO performance. +* Calculated annualized performance using stock price from the first day close of IPO and current stock's price at the time this video was made. +* Performance from companies that are not currently trading were excluded. +* List [here](https://docs.google.com/spreadsheets/d/102ArUr35s1MLfyMm6rwnqhCvSo-L5f4JrmHAUlyk1pg/edit#gid=1482717621) for your reference. + +**Results**: + +* Total number of companies: 1396 +* 45% of the companies (qty 616) have had negative annualized performance. +* 14% of the companies (qty 189) had sub 5% performance. +* **Almost 60% of IPOs between 2000 and 2015 underperformed the market.** + +I also came across an [academic study](https://site.warrington.ufl.edu/ritter/files/IPO-Statistics.pdf) on Initial Public Offerings by Jay Ritter, a finance professor at the Warrington College of Business in the University of Florida. One piece of information that caught my attention in his paper is Figure number 2, labeled Percentage of IPOs with negative EPS. If you check the figure, you'll notice how in recent years **over 75% percent of the companies that have gone public have had negative earnings.** + +When you buy shares of companies, you get a piece of the ownership and therefore a piece of the earnings . Well, with IPOs in the recent years, in 75% of the cases there is no earnings for your shares. You are literally investing with the expectation that the company will become profitable, which by the way is already factored into the price that you are paying. So if these new public companies fail to turn a profit, or perhaps if their path to profitability takes longer, the stock price will suffer. Your only chance is the company continuously beating expectations. Not to mention that you don't even have enough years of financial reports to build a solid foundation for analysis. + +Hope this helps. I don't want to discourage anyone though, a lot of people have made good money on IPOs, but base on the data it's pretty obvious that the average investor should stay away from them. +Some people like playing a guitar, some watching Netflix or play video games. + +I like researching companies, pretty much love doing it, from financial statements analysis, DCF, 10k and company news. Also keep reading every piece of book I can get my hands on. + +It led to a point where I have many new ideas, it might sounds ridiculous but I have more ideas than money. + +I know that buffett is somewhat dislikes diversification since it protects wealth, not building it. + +Currently my portfolio is 50% on 5 stocks and 50% are 15 other stocks. About 10% of them are pretty much speculative. + +Each of the 90% stocks I carefully researched; Management, financials, moat, intrinsic value, 10k etc. + +In contrary to what I believed in the current market, good ideas are actually quite abundant if you know where to look, especially in downtrending sectors over certain periods of time. + +I honestly do feel I'm somewhat over diversified. To get into some perspective, I would like to know what you guys think and how many stocks do you own. +Twilio is an API platform for communications. Their ecosystem allows companies to quickly deploy, measure and scale telecommunications through a programming interface. + +**First Considerations** + +Twilio is expected to continue growing at rates around 36% year over year for the forseable future according to management. Right now the company is losing money but growing rapidly. Some may say this is a growth stock, not a value stock. I would disagree, anything can be a value stock if its undervalued relative to its intrinsic value. Whether it has negative, zero or positive growth is inmaterial. + +**A story of Growth** + +Twilio has a history of underpromising and overdelivering. Right now they are expected to grow around 30% but during their first quarter of 2022, they actually grew 48% year over year. Organic revenue growth (before acquisitions) is up 35%. New revenues from existing costumers expanded by 27% year over year. This means their previously acquired customer base grew by 27%. This shows a high level of stickiness and their ability to increase LTV over time. + +Their gross margin is currently at around 50% but I expect that to increase to 60-65% as new products become a more important part of their portfolio. + +**Business Model** + +Twilio generally offers a pay per use model where they only charge the customer based on actual usage of products. This is very important since they are unlikely to oversell customers and cause possible churns in the future. + +There are high switching costs in changing providers and generally, for their customers quality and deliverability is extremely important. Twilio is also growing their product offering, going into more advanced products through acquisitions. Although it may seem they overpaid for several acquisitions, I believe they will produce much more value in the long term by leveraging Twilio’s client base and complementing their offering. In particular I believe Segment might become even bigger than Twilio’s core business. + +**Valuation** + +Currently the company is selling at $97 bucks per share. They are still printing shares at a rapid rate but slowing down. This has been taken into consideration in my valuation model, with the assumption that new share issues continue at a 6% and gradually slowing down to 2% yearly in 10 years. I believe they will start doing buybacks before the ten years with the excess cash but I am using a relatively conservative assumption and assuming the shares outstanding number will continue to expand. + +Right now they are losing 5.44 dollars per share, but with their current growth rates I believe it is at acceptable levels, more importantly, management has taken measures to reduce spend in particular in sales and marketing. This might have an impact on new customer acquisition but considering most of their growth comes from a high net dollar retention, I believe this slowdown will be mildly cushioned. + +In any case, I’m assuming a 30% growth in revenues and then reducing growth rate on a straight line by 10% every year until year 10 to finish in 12%. I am also assuming expenses will continue to grow at rates of around 9% gradually slowing down to 4%. This last part might not be the case if management continue their cost control process. I believe the company will benefit from the general depreciation of the tech sector making them more disciplined. I believe they will come out of this stronger. + +I am also using a 6% discount rate and a 20x Terminal Earning Multiple. Considering revenue growth rates of 12% in year ten, this seems reasonable. + +With this I arrive at an intrinsic value of $255 dollars per share. Considering the current market price of $97, I believe its currently trading at bargain prices. + +**Advantageous Knowledge** + +I am a Twilio client in one of my business. I also know very closely two companies that are heavy Twilio users. I’ve used the API myself as a developer. I honestly believe there is nothing close in terms of service, tooling and documentation quality in the market. As a developer I’ve looked and used several alternatives. I cannot imagine the amount of effort it would entail for the businesses I know to replace Twilio or even if its entirely possible. Their current market offering is truly unique. + +**Why its undervalued** + +In addition the recent tech sector selloff, I believe many investors believe Twilio is in a commodity service business, and for a large portion, specially SMS they might be, but there are several differences in deliverability, and quality of service between providers. Is not easy to replicate a reliable network and an ecosystem of integrations. This is relatively hard to grasp for many investors and there is increased difficulty on putting a dollar value to the company. The final product is mostly an API and non customer facing. This might exacerbate mispricings. Nonetheless, I believe in the long term, cash flows will speak for themselves. + +I do not think we will get many opportunities to buy at current prices. + +**To the reader** + +Thanks for reading my analysis and I welcome your thoughtful criticism and opinions. +The biggest risk in investing is the price. There are other risks, like geopolitical conflict, supply shortages, interest rates, and so on. Different businesses will be affected by each of these factors in their own way. Some businesses are so great that even these things can’t hurt them. Even so, **the price at which an investor buys could be their undoing**. Let’s elaborate. + +>Give a man a fish, and you feed him for a day. +> +>Teach a man to fish, and you feed him for life. + +The proverb above is usually attributed to Confucius, the ancient, Chinese philosopher. Assuming he did say it, it’s a very wise observation, but he could have gone a little farther: + +>Give a man a fish, and you feed him for a day. +> +>Teach a man to fish, and you feed him for life. +> +>**Buy the man out, and you feed yourself for life.** + +A man who learns how to fish can now produce earnings. He is basically a sole proprietorship of fishing. You could buy him out and thus be entitled to the fish he acquires. If you did that, you would pay him based on how much fish you think he can actually produce. + +Now imagine that you teach five men to fish. You teach them all the same way and with the same fishing rods. Even if they all fish in the same body of water, would you buy them all out at the same price? What if they are not the same age? What if some work harder than others? What if some are more honest? What if some are clumsier than others? Even with an equal start, buying them all out for the same price would be riskier for some than for others because **some will produce less fish for you**. + +Even the best of the five has a price that is too high. If he kept haggling you up, eventually you would reach a point where his earnings are **not enough to make it worthwhile**. Even if he can catch 20 fish a day, while the others can only catch 5, then it wouldn’t make sense to buy him out for ten times as much as the others. + +A higher price increases the risk that you will lose money or get a weak return. A lower price decreases the risk that you will lose money. It’s common sense. Buying him out $100,000 is inherently riskier than buying him out for $50,000. Higher risk does not lead to higher reward; it leads to lower reward by mathematical necessity. + +This is why giving a man a fish is on the lowest order of the proverb. Its value is very episodic. A single fish isn’t going to produce earnings, but the fisherman will. Confucius realized that there is more value in creating fishermen than in handing out fish because of the rise in earnings. Flipping that, the investor should conclude that there is more risk if the earnings are smaller and if the price is too high for the earnings. + +This is easy when comparing a fisherman to a single fish (whose earnings are zero). The best investors know how to compare individual fishermen. Even if all the fishermen are excellent, the investor will be subject to greater risk if he overpays for them. +Hello folks + +We've all noticed the market dip over the past few days and, knowing that money doesn't simply disappear from existance (fiat debt repayments aside), I'm trying to piece together where the money is going. + +First I saw that crypto was being slayed on all fronts. Then I saw that equities were also being slayed, but then I've also noticed that gold and silver too are dipping. Finally the 10 year note rates are increasing (suggesting a lack of interest in them). + +Where else haven't I looked? What is spiking proportionally to the dip? + +It's not inconceivable that the money (from selling) is simply being held in accounts, but I find that unlikely given its fiat, inflationary nature. + +Perhaps the money has been used to pay off loans that themselves were simply printed into existence - thus the money would cease to exist (deflation). But I doubt this. + +Thanks for reading my ramblings. I'm no Economist, just trying to work out where the money is going... + +Edit: I'm interested to see what happens to the reverse repo facility tonight. +I’ve always thought I was good with money. I try to put away about 42 percent of yearly income into an rrsp mutual fund ( 25 %) and then the rest into my tfsa (75 %). + +With wanting to buy a house I’ve started to come to the realization that saving 45 percent of my income will not be possible with the new overhead of bills. + +I started reading millionaire teacher and was blown away by some of the tables in the book, like investing 300 dollars a month for 30 years can earn you almost 3-4 times more than using a mutual fund. I currently invest 1200 a month into my savings. + +I’m only about half way thru the book, and of course I don’t think I’m an expert. But this stuff seems to good to be true. I’ve been trying to put large sums of money away because a 3 percent return is normal around here? Everybody laughed at me when I told them about the supposed 9.5 percent average index ( friends , family, co workers) + +I always assumed my financial advisor was a wizard and was ensuring I had a healthy retirement. All of my funds are mutual funds. Most buys having a 2.5 MER? + +All of this information has me thinking non stop. The book sucked me in, I couldn’t sleep and woke up around 6 am just to read it until I had to go to work. I even brought it with me and plan on diving in during my breaks. Then I plan on reading beat the bank. + +Edit: point of the post is, I feel really stupid for now knowing any of this information, I feel like I’ve wasted the 3 years I’ve started putting money away. Is all the information in this book legitimate or is it too good to be true? +I know we talk a lot on this thread about investing in different financial assets - but what have people experienced at a more simpler level saves (makes) them a lot of money. My Dad always said that it’s easier to save a dollar of costs, then it is to make a dollar in investment. + +So on that theme, I thought I’d share that the lockdown (I’m based in Victoria) has got me cutting my own hair. I’ve purchased a cheap set of clippers ($40) - and I’ve now recouped that cost over four months (one cut per month based on a cost of $30 per cut) that’s a pretty decent saving. Extending it over a year - based on those numbers my ROI is looking pretty healthy. + +What are some other similarly high performing cost avoidance investments that you may have to share? +Morning everyone, + + +I am well aware given the travel bans overseas travel won't be happening anytime soon but I am asking more for future consideration. It's something I am heavily considering nowadays because I feel like there is truly nothing keeping my in Sydney and my future job is very transferable. So if you have or currently are doing Fly In Fly Out work or international contracts overseas, regardless of industry/occupation or if you were sent by your own company or a separate agency/organisation; from a financial and life experience point of view was it worth it ? Did you feel like it gave a step ahead of everyone else ? What was the lifestyle like ? How did you set up your finances/accounts/taxes/investments/super (this applies more to expats and nomads) ? Any other tips or advice would be greatly appreciated . + + +Thank you have a great day. +Good Evening Apes! + +While this week had some unexpected turns I think my overall theory remains strong. I want to cover what was right what was wrong and some of my expectations moving forward into week 2. We'll take a look at GME's long-term technical trends moving into this week. Followed by our usual brief look at the overall market. + +I will live stream a walkthrough of this [DD of this on my YouTube](https://youtu.be/tn0ILFHIos8) for those of you that don't have the time to read through this, or have visual impairments/reading comprehension issues. Then do a quick Q&A for about 15minutes. It will also be archived for future viewing. This will be on at... + +9:30pm EDT/UTC-4 + +# PART I: Futures Fails Week 1 Analysis + +If you are not already familiar with my Futures Cycle Theory check out these links for additional information. + +[YouTube Playlist](https://www.youtube.com/playlist?list=PLLZAlefVs0gLbEkYf-_6uBnmqCBnkNMpC) + +Reddit Links + +[Breakdown of the whole theory](https://www.reddit.com/r/Superstonk/comments/prmmrt/futures_breakdown_and_forward_looking_ta_for_the/) + +[Extra clarification](https://www.reddit.com/r/Superstonk/comments/q2k41b/futures_explanation_and_jerkin_it_with_gherkinit/) + +So this week we were looking for consistent upward movement from the 13th-15th. While we did see a significant amount of price action on the 13th and 14th the 15th while volatile fell short of expected price action. + +[The first T+35 window ending saw us jump from 176 - 190.20](https://preview.redd.it/8kxl93egg2u71.png?width=1556&format=png&auto=webp&s=7d5fa640c3c44871e22e2e1717b60518806fbd51) + +So this was the predicted price action for the week from my weekly DD last week. + +[Last weeks Predicted Price Action for 10\/11 - 10\/15](https://preview.redd.it/ee9o0h0ug2u71.png?width=2462&format=png&auto=webp&s=1bd373d61625a0c7dce94e1853b4eec730212e1c) + +There we two primary reasons we fell short + +1. This price action was predicted based on January's run. I wrongly assumed, given our current trading price and our potential for violent upside that we would track closer to January's failed cycle than last October's. +2. The total number of fails that are kickstarting this cycle are significantly lower than they were last October (more on this in a second) + +So let's address the first point if I take the price action from last October's first T+35 fail and scale it up for price. We can see it tracks much better with the price action we saw play out this week. + +[October 20' Fail week #1 vs. October 21' Fail Week #1](https://preview.redd.it/ko23y4koi2u71.png?width=2462&format=png&auto=webp&s=13f1b4f064747f590eb679beab58f2ee953cd346) + +As you can see this is much closer the peaks last October were higher but the price action tracks pretty closely. + +**So even though the price is higher why is our range so much lower?** + +I think this comes down to FTDs. Last year on T+2 from the Futures expiration date on 9/22 we saw a massive spike in FTDs vs. the average. + +https://preview.redd.it/lvbggxrrj2u71.png?width=366&format=png&auto=webp&s=198220b46ce17f8c2dc4774ad1561c880b1f7c31 + +This year same spike on the same day in the cycle we see this + +https://preview.redd.it/v1hctao6k2u71.png?width=395&format=png&auto=webp&s=244700cfe0d766088245c485186e19dbf53bd52b + +So this number is 87% lower than the corresponding date last year so while the the bid/ask spread is significantly wider and GME is far more illiquid we are seeing far fewer FTDs. This is why immediately after the peak at 190.20 on the 14th we saw $1.1m in ITM puts roll in along with active shorting for the rest of the day. Once they cover they start shorting, literally every time. + +**Why?** + +Well currently I think this cycle will have fewer overall FTDs (remember they should continue to increase throughout till the end of the cycle on the 26th with price action peaking on the 28th) because of the massive amount of institutional selling that happened last quarter. + +[These ETF rebalance represent at least 12m shares sold ATM for GME. Presenting an opportunity for SHFs to reduce FTDs. ](https://preview.redd.it/2t4iol0tl2u71.png?width=1556&format=png&auto=webp&s=bdae511d81d7971f9a1687ba7d8d8e8a6840c167) + +So while this definitely slows down progress, GME FTDs still experienced a spike in FTDs as expected on 9/21. Meaning, even with all those shares they continue to fail. + +**Another note and this one is big...** + +fails for ETFs containing GME on 9/21 + +[Almost 10 million FTDs, higher than they have ever been this year](https://preview.redd.it/9fmthnbfm2u71.png?width=1947&format=png&auto=webp&s=68ddf4a331693d46c292c3d25e41d12b69688ad0) + +So while GME FTD exposure may be insignificant we are seeing a massive spike in the FTDs on GME tracking ETFs. + +I will be looking to the 21st and 26th to continue to confirm this cycle. + +*\* A note some of these ETFs are Russel 2k while GME has moved to the Russel 1k I expect we still see a significant effect from those ETFs as shares borrowed in baskets to short GME have likely not been returned. Or we are seeing an effect of short positions hidden in derivatives of these ETFs that once contained GME. Hence why we continue to track things like the sticky floor stock, bed bath and beyond, etc...* + +# Part II: Futures Fails Week 2 Expectations + +This weeks fail date for t+35 from the expiration falls on October 21st. Since I assume the FTDs from the 13th have been covered, we should only see significant price action on the next fail. There should be a little movement Tuesday due to T+2 from the ITM puts last week and GME ending the week over max pain (market permitting). So flat Monday/Wednesday and up Tuesday/**Thursday**/Friday. + +[Red represents possible volatility peaks \/ Blue represent were volume will likely trade](https://preview.redd.it/gazxpc4oq2u71.png?width=2451&format=png&auto=webp&s=35a77ca5d67a8fec52544c80d3cdbb4b6a811ba5) + +*\*Please note these are High/Low Bars so that means I expect price action to occur within the bar for the day but they do not represent the final price for that day.* *I think this will be a more accurate and easier to understand, way of displaying price predictions and will be using this from now on.* + +# Part III: Technical Analysis + +**Section I: Graphs** + +So first I want to show the graph for our current position in the Futures Cycle so that everyone is aware of the dates and settlement windows. + +[Current Future Anomaly Window 1D](https://preview.redd.it/vosuv05hs2u71.png?width=1550&format=png&auto=webp&s=bff02a7864d990a6eb40af4eef0ce28f65fd89ad) + +Ok so Let's take a look at our long term trend cause from a technical perspective GME looks primed for a breakout. We Have our long-term Ascending Triangle bullish continuation with a bounce on the low trend. A consolidating wedge with a bounce on the low trend. A reversal on the latest BARR. Finally, We have a confirmed bounce on the EMA 160 with the EMA 90/120/160 more consolidated than they have been since last year. + +[Technical Clusterfuck of Bullish Signals.](https://preview.redd.it/kwyz3z9tv2u71.png?width=2462&format=png&auto=webp&s=6aa0bc86639b8f76ca53b4420f9f4419eeead914) + +So needless to say GME is looking really good. So we'll take a look at the oscillators and buy signals to confirm these trends. + +**Section II: Oscillators and Buy Signals** + +**MACD** + +MACD had a crossover on the daily on 10/13 and is starting to get some good divergence however I remain cautious of this as it has thrown false signals in the past. I would want to see a cross of the 0 point to confirm this as an uptrend signal, currently the trend is negative. + +[MACD 1D ](https://preview.redd.it/akhbegmmw2u71.png?width=1557&format=png&auto=webp&s=85ca8baab4dbf0d9ce2a1d4d5727bef48bcbc7ca) + +Stochastic RSI + +This has a nice bounce of the K% line and looks like it is beginning a bullish intersection with the D% as it comes back up from oversold. A K/D crossover is bullish and this average is smoothed out enough that it is all but confirmed. This is exactly as expected from [last weeks DD](https://www.reddit.com/r/Superstonk/comments/q5iqep/jerkin_it_with_gherkinit_forward_looking_ta_for/). + +[StochRSI on the 1D](https://preview.redd.it/snm5no97x2u71.png?width=1554&format=png&auto=webp&s=6f063669156c6771273f04abe6ed453841dccde9) + +**ADX & DMI +/-** + +ADX is showing a weak slightly negative trend but the signal lines are nearing an intersection had we closed up Friday we may have seen a crossover and I expect one as we see some price improvement this week. + +[ADX&DMI +\/- on the 1D](https://preview.redd.it/3f4r7o45y2u71.png?width=1552&format=png&auto=webp&s=9e758bd768909ea83958af48b1237ead01180f27) + +**BB/KC and TTM Squeeze** + +The Bollinger bands have Snapped inside the Keltner Channel again as of Friday and TTM is showing a fire signal on the 1D indicating a move to the upside. This can drag out a few days as we get more fire signals especially if we trade pretty flat for the first three days this week. + +[TTM and BB\/KC Overlay on the 1D](https://preview.redd.it/uh82p57kz2u71.png?width=2455&format=png&auto=webp&s=940308f1e8fbdb64553169d39e9a75643759e7dc) + +**TL;DR:** + +Technical formations and Oscillators are all pointing to an upside move and a significant increase in volume and volatility for this coming week. I still expect a couple flat days this week but it looks like a lot of the technicals are also lining up with the expected futures breakout dates as well. + +# Part IV: The Market + +With the supposed default of Evergrande set to occur tonight and the SLD thing playing out on the 3rd Monday of the month we may see a drop in the market tomorrow and yes if GME has little to no volume it will likely drag us down with it. However the technicals belie the fundamentals here. Friday the SPY rallied back out of those corrective zones and even broke back through a lower long-term trend indicating a double bottom bounce. Additionally it has a BB/KC squeeze and TTM signal to the upside. So either we correct even deeper tomorrow due to middling sentiment or the market surges to new all time highs. We should have a better idea tonight based on the trends we see in the Chinese Markets. + +[Spy Technical Bounce on the 1D ](https://preview.redd.it/z0pb0y6z03u71.png?width=2463&format=png&auto=webp&s=7509e23b585588fedf0ffc89eea2d6a34e7a7d66) + +[SPY Correction Zones](https://preview.redd.it/kw23q8k713u71.png?width=1555&format=png&auto=webp&s=516fdfde8dd523d2bca5add0ffddf06dd02ab1d2) + +Lastly let's take a look at the Shiller P/E ratio as it also definitely pushed back up this last week. + +[P\/E 10 up .15 points over the previous week](https://preview.redd.it/7ckg3m8323u71.png?width=943&format=png&auto=webp&s=f63e1892cb9836c64b7c48dc138dce1c64637507) + +# Part V: Conclusion + +GME looks like it will have a decent week with some upside potential on Tuesday. The next Fail Date occurring on the 21st should have more of an impact on the 21st as we expect last weeks close and subsequent gamma exposure to force more FTDs this week, generating more options interest and thus more gamma exposure next week as we move towards that final fail date on the 26th. A dip in the market during the early part of the week could suppress GME's price for a couple days. + +***\* One last note DRS likely has a significant impact on this cycle while not yet apparent in the FTD data I do expect to see the baseline FTDs increase due to apes registering shares*** + +[The driving force behind these futures cycles](https://preview.redd.it/nd2c5xlc33u71.png?width=1628&format=png&auto=webp&s=825779ebfc860dc611fc0d78ef6492d9a5cefd6c) + +If you want to see more information on this subject matter feel free to join me in the : + +Daily Live charting (always under my profile [u/gherkinit](https://www.reddit.com/u/gherkinit/)) from 8:45am - 4pm EDT on trading days + +on my [YouTube Live Stream](https://www.youtube.com/c/PickleFinancial) from 9am - 4pm EDT on trading days\* + +or check out the [Discord](https://discord.gg/BGmjnrvHnw) for more stuff with fellow apes + +**As always thanks for following along.** + +🦍❤️ + +\- Gherkinit + +**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 want to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +Hi r/IndiaInvestments! + +I had posted on this [sub](https://www.reddit.com/r/IndiaInvestments/comments/b5p2ls/what_appsautomations_are_missing_from_your_life/?utm_source=share&utm_medium=web2x) [earlier](https://www.reddit.com/r/IndiaInvestments/comments/c0x4gh/updateadvice_building_an_app_for_tracking/?utm_source=share&utm_medium=web2x) about building an app for tracking investments and received good response. I have finally come up with an alpha version, and would love to get feedback from some of you! The app is still not on play store, so, I would be happy if some of you are willing to install the app manually and try it out. You can take a look at some of the screenshots [here](https://imgur.com/a/PdmdHq4). + +&#x200B; + +The current features are: + +* Purely client side app. The app does not require you to login, and does not send any data to private servers. +* The app tracks your net worth and shows you a chart over different periods. This works even for your current holdings, and the app will try to generate past data as well as it can. +* You can import your fund holdings from Kuvera to get started. Kuvera lets you download a transactions file (.csv), and you can upload that to the app. (What do you guys use for stocks? Any suggestions which statements should I add this feature for additionally?) +* Daily and total gains over entire portfolio and for stocks and MFs. +* Portfolio weight across your individual stock holdings and mutual fund holdings. +* Equity exposure to individual companies and sectors across your portfolio. + +&#x200B; + +Caveats: + +* Currently only support Nifty 50 stocks, and some five star rated equity funds. If you choose to test the app out, I can add your stocks and funds to the app before giving you out the apk. +* The app might be rough around the edges for edge cases and zero state (definitely why this is the alpha version :)) +* All the percentages right now are in absolute percentages and not XIRR. + +I would really appreciate some feedback and suggestions around anything. + +&#x200B; + +Edit: I have handed the app to 5 people, and am waiting for the first round of feedback to make obvious changes. Please comment on the thread if you want to try out the app, and I will reach out to you once I have the first round of feedback, and I have made improvements. Thank you so much guys for doing this! + +Edit 2: I am not replying to the comments that are asking for the link, so that I know which ones I haven't sent the link to! Rest assured, I've read the comments and will reach out to you guys! Thanks again! :) +https://old.reddit.com/r/InvestmentClub/comments/dqreu6/remember_to_always_smell_check_investments/ + +>Despite his company crashing from a proposed valuation of $47 billion to a valuation of $8 billion in a few months, Adam Neumann walked away from WeWork with $1.7bn, comprising of: + +>* $1 billion for his shares +>* $185 million for a four-year position as a consultant +>* $500 million loan to repay a credit line from JP Morgan. + +>This was hyped as a 'tech' stock. + +>The financials are horrific. + +>Remember that even Masayoshi Son (the dude who invested $20mm in Alibaba in 1999) can throw $10bn into effectively a ponzi... + +Always keep in mind that for the startup founder, raising valuations is the name of the game. The startup is the product for return-chasing investors, and the startup's own business model can be fuck-all. Whether the founder walks away with 100cr or 10000cr is besides the point. That's still a lot more than the amount the retail investor can afford to lose on a single or collective group of high-risk investments. +*This piece will be posted at 4:20 pm NYSE time every trading day!* + +[u\/bye\_triangle u\/pinkcatsonacid u\/Leaglese u\/Catto\_Del\_Fatto](https://preview.redd.it/jdsi51uy09471.jpg?width=1426&format=pjpg&auto=webp&s=c83c9dcc9ef9b03738c2ddfa78876025c87dd628) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +$GME Closing Price: $301.40 + +Open Price: $292.00 + +Daily High: $328.00 + +Daily Low: $291.86 + +Volume: 10.8 mil + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**🖍🍎🚌GME 101🚌🍎🖍** + +*If you're new to Superstonk, start here!* + +[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) + +The apes of r/Superstonk sincerely appreciate the time and effort put into getting this information out there. 🦍🤝💪 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Surprise! B\_T again! + +Pink is on the road at the moment, she was lucky enough to go to Grapevine for the Shareholders meeting. I offered to step in and handle The Jungle Beat, one less thing to worry about! I hope you don't mind me subbing in for now! + +Cheers, + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +[Got something cooking for us GameStop? E3 is when all the hype gaming-related announcements happen... Perhaps you've been keeping secrets from us 👀](https://preview.redd.it/64j1rt0noa471.png?width=1502&format=png&auto=webp&s=3f49703beb3eef6b544eb40698db1d90d155848b) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**SHAREHOLDERS MEETING** + +***"As my dad would say, Buckle-up"*** Ryan Cohen, 🪑 of GameStop + +# 🚀 + +This is how they adjourned the meeting. Absolutely legendary. We had a crazy amount of Apes watching the [Superstock live coverage](https://www.youtube.com/watch?v=a4SicgRYTmk)... 30k at the peak. The stream had a bit of turbulence, but I think all things considered it was a great time. Something to make the day a little more hype! + +Huge Thank you to the anchorman himself, u/Rensole, also u/Atobitt, and u/Luridess for hopping in on such short notice. The stream kind of made it feel like we all got to enjoy the meeting together. Certainly made *me* feel better about not being able to go. + +&#x200B; + +[Credit: Olga Kharif, Bloomberg](https://preview.redd.it/mmacdmt38a471.png?width=2063&format=png&auto=webp&s=f5fd4434071733197591a9655651e05e7e3e4bb3) + +**Some highlights:** + +* RC is officially Chairman of the Board +* Matt Wilder is the Inspector of Elections +* Board members are elected +* Board members to receive compensation via shares + +[Absolute madlads, I love it. \(Thank you for moving your table when asked\) ](https://preview.redd.it/lenpooalc9471.png?width=1498&format=png&auto=webp&s=c1c49aac1b8174fd30cb8562307750235cedaaf1) + +I want to thank everyone for being on your best behavior, I had complete faith in you. It sounds like everything went fairly smoothly. Also, regarding rumors of a news interview, u/PinkCatsOnAcid had this to say [https://www.reddit.com/r/Superstonk/comments/nw0i5u/shareholder\_meeting\_i\_did\_not\_do\_any\_interviews/](https://www.reddit.com/r/Superstonk/comments/nw0i5u/shareholder_meeting_i_did_not_do_any_interviews/) + +^(Also, side note: super jealous of the GameStop swag you all got... a perfect way to commemorate this day haha.) + +\-B\_T + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +📞**Earnings Call** 📞 + +^((My second favorite type of call 👀)) + +Saved my seat in the earnings call early, last time it was full REALLY quick! I am expecting really great earnings this quarter. We have seen tons of apes supporting their investment by shopping at GameStop. Also, some youtube dude bought out a whole stores of all their merchandise... oh-- wait no I think he did it *3 times.* Pretty weird concept for a youtube video but hey, whatever 🤷‍♂️ I am down. I can only imagine that will have at least a mild impact overall. + +I guess for now we wait and see. Maybe some After-Hours Market action is in store? Who know + +https://preview.redd.it/auyeu0xot8471.png?width=2121&format=png&auto=webp&s=0261df98950307e3e7d39c8bf886700fb1dde5be + +You can watch the call from the GameStop Corporate site or if the stream is full, you can tune in via our [Superstonk Live broadcast](https://www.youtube.com/watch?v=UDKC_oXqhGM). + +***Also, just a reminder that the Superstonk Live Youtube channel is not and will not be monetized.*** \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**🦧Monkey Business🦧** + +**Tune in RIGHT NOW to listen to our inaugural edition of Money Business.** + +https://preview.redd.it/08n5t44wx9471.png?width=4001&format=png&auto=webp&s=2436743be527b286a0debf5bb0e949bffe6121ce + +Featuring members of the community and hosted by moderators, **Monkey Business is a show for Apes by Apes.** It's kind of like the AMAs but with more people and a bit more casual. We have some exciting guests and topics lined up so you are going to want to tune in. Today [u/jsmar18](https://www.reddit.com/u/jsmar18/) and [u/sharkbaitlol](https://www.reddit.com/u/sharkbaitlol/) with various apes in a panel format. + +Please note that Monkey Business is a brand new concept and we are still figuring out its exact programming structure. However, we hope to be discussing GameStop stock history, NFTs, FTDs, Naked Shorts, and more! This panel will from one and a half to two hours, or longer if needed. We will also be streaming and then discussing the Q1 2021 earnings conference call. + +# 🐒 [MONKEY BUSINESS](https://www.youtube.com/watch?v=UDKC_oXqhGM) 🐒 (4:20 PM EDT, June 9) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**👻🤖Ghost in the Shill 🤖👻** + +*written by SATORI co-creator* [u/catto\_del\_fatto](https://www.reddit.com/u/catto_del_fatto/) + +[Oh yeah, it's all coming together](https://www.reddit.com/r/Superstonk/comments/nqnora/satori_the_first_36_hours/). The mod team and SATORI squad have received a fantastic amount of love, support, and gratitude for sweeping up the shills, fixing ModMail, providing valuable insights, and otherwise doing our part to keep Superstonk as wonderful as ever. Fan mail, fan art, even a [serenade to our beloved algo-rilla.](https://www.reddit.com/r/Superstonk/comments/nrgu4e/i_sing_satori_a_song/) + +The appreciation is very much appreciated, but our work is never truly done. More so than ever, the responsibility to maintain a legendary sub rests in the hands of ordinary Apes. + +[Satori Dev 2021 Colourized ](https://preview.redd.it/pl2ongc36a471.png?width=400&format=png&auto=webp&s=2f8eefbaa05393ea3fa9c425e024687ee361871b) + +The shills are *absolutely furious* about what we've been up to the past week. It's as if they [need this allegedly-impossible creation of ours shut down post-haste](https://www.reddit.com/r/Superstonk/comments/nrx4pu/onslaught_of_antisatori_fud_gives_me_hope/) \- desperation is in the air, and it tells me everything I need to know. + +As the informatics arms-race between SATORI and its adversaries heats up, I'd like to make everyone aware of emerging stratagems and what they mean for the Ape community, so we're all well-equipped to deal with anything thrown at us ahead of time. + +**Solicitations, trolling & phishing in DMs** + +This tactic is as old as FUD itself, but it hasn’t been this prevalent in months - the working theory is that the impostors suddenly have a load of accounts unable to post lying around, and wish to make use of them somehow. So, if you get any suspicious messages pushing "investment advice" or similar, **please report these to Reddit and our mod team.** + +A lot of these are Meltdown trolls that thrive on the attention, so I wouldn't recommend engaging or 'putting them on blast' - but if you insist, our friends from [r/scambait](https://www.reddit.com/r/scambait/) have plenty of advice on the matter. + +**Bad karma** + +Since the restrictions, Apes whose accounts barely make it above the karma limit have [found themselves under attack by bots downvoting all their submissions, pulling them back below the threshold.](https://www.reddit.com/r/Superstonk/comments/nsij2i/are_bots_and_shills_down_voting_apes_below_the/) + +Think about it - if professional FUD-mongers can't spread FUD directly, the second-worst thing they can do is attack solid content to prevent it from being seen. These attacks are exactly why we set SATORI to run in reverse and approve Apes, as well as using it to gather data on new tricks. + +We're currently in discussions regarding what else can be done to prevent or counter such surreptitious acts; suggestions accepted. For the time being, it's up to everyone to be active in upvoting the good, downvoting the bad, and reporting the *really* bad. Not only does this help a clear sub - it also lets us learn about the shills and strike back more effectively. + +As with $GME as a stock, every vote matters. + +**Leveraging Apes and the weekend ennui** + +On Saturday, a lot of us woke up to a *flood* of posts relating to a comment by a particular CNBC reporter. Sharing new info is a wonderful thing, but in this case, it was a deluge of the same content being repeated over and over again. As you can imagine, I was getting a ton of pings asking to sic the Terminators on these guys. + +So, where was SATORI? + +As [Bradduck explained in his ambassadorship comment](https://www.reddit.com/r/Superstonk/comments/nplhx7/game_stop/h05v5ec?utm_source=share&utm_medium=web2x&context=3) on Interdiction Day, our setup is currently running on a per-user basis; a bit of negative sentiment doesn't necessarily make a shill. We've all woken up on the wrong side of bed, and one comment isn't enough for anyone to form an accurate verdict - whether they're an algorilla or a carbon-based, 100% organic, dip-buying ape. + +We know that our adversaries are aware of this, and how they're countering it - their only hope at this point is to rely on otherwise well-behaved users to post content that dilutes or otherwise lowers the overall quality of the sub. That, and outright *stealing* accounts with AI approval or Superstonk posting histories in broad daylight - more on that later. + +Their attempts to drag down karma on Apes' accounts reveal that they're just as interested in preventing top-tier submissions from gaining traction as they are indirectly posting their own tosh. So, now that they're mostly unable to bring their own stuff into Superstonk, they're relying on us to do their work for them. + +I took the liberty of checking the Melissa posters' accounts, and it turns out the vast majority of them were genuine Apes with solid and lengthy histories in Superstonk. No wonder our per-user security measures didn't bag 'em, they aren't supposed to. + +It's the weekend, there aren't any crayons to watch and everyone's understandably miffed. But please, if you believe the meme/tracker/DFV tweet or similar you're about to submit may have been posted before, I implore you to **check before posting.** + +The Superstonk jungle - especially the [Knights of New](https://www.reddit.com/r/Superstonk/comments/nti5ms/knights_of_new/) \- will appreciate it dearly. + +**Tag teams** + +Struck with a sudden shortage of useable accounts, our adversaries have had to pick their battles a bit more wisely - as opposed to regurgitating the same thing over and over, getting banned, migrating to a new account et cetera. One way to accomplish this is by tag-teaming - setting up a wedge of sorts and sowing drama on both sides. + +[Here's a brief yet insightful comment covering this tactic, and how to deal with it.](https://www.reddit.com/r/Superstonk/comments/nsmutv/complacency_kills_dont_let_satori_lull_you_into_a/h0nk71l?utm_source=share&utm_medium=web2x&context=3) + +**Hacked accounts & a final note on account security** + +We have received a surge in reports of Superstonk users’ accounts getting compromised It would appear that accounts able to post (i.e. approved by SATORI or above the karma/age requirements) are more likely to be targeted, but this could happen to anyone - don’t get complacent. + +Please refer to [this post](https://www.reddit.com/r/Superstonk/comments/nojpde/best_security_practices_for_protecting_self_and/) for a comprehensive rundown on account security, in addition to other useful advice on the matter. Also, a friendly reminder not to click any [suspicious links.](https://www.youtube.com/watch?v=dQw4w9WgXcQ) + +[ NO hax for you Kenny ](https://preview.redd.it/awilw5m96a471.png?width=400&format=png&auto=webp&s=b932464d13bfb0760ac89ea49b11f8e0419c9b89) + +TA;DR + +While the sub is significantly cleaner than it used to be, SATORI still has a long way to go. Since deployment, we've seen a trend towards attacks that don't rely on publicly 'revealing' their accounts. The might of 375,000+ AI-assisted gorillas is just too much. + +Instead of the old hit-and-run spamming, our foes are resorting to sneakier methods: hacking accounts, manipulating karma, sliding into people's DMs, and otherwise causing trouble outside the public eye. In addition, they're increasingly relying on genuine Apes to accidentally drown out the good stuff, being increasingly unable to bring it into the sub themselves. + +This scenario leaves far more responsibility to individual Apes than what we had before, so it is up to each and every one of us to deal with it appropriately. + +A sub is only as strong as its weakest link - B.H.V.F., and be strong. + +Catto====================================================== + +Also from the Satori Team: + +[Important Security Update for June 8th](https://www.reddit.com/r/Superstonk/comments/nva7nh/satori_the_one_week_security_update_important/) + +[u/Grungromp](https://www.reddit.com/u/Grungromp/) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 👩‍🚀Help Wanted👨‍🚀 + +**If you have any interest in assisting with the Summary/ Transcriptions check out this post from** u/Bradduck_Flyntmoore**:** [**Superstonk Seeking Volunteers**](https://www.reddit.com/r/Superstonk/comments/nw3s9m/superstonk_seeking_volunteers_ama_transcription/?utm_source=share&utm_medium=web2x&context=3) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# LAST MINUTE BREAKING NEWS + +[CEO AND CFO ANNOUCEMENT](https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-appointments-chief-executive-officer-and) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**🚨 Reddit down 🚨** + +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"*** + +[🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍���🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍](https://preview.redd.it/l6h28q8ds8471.jpg?width=1600&format=pjpg&auto=webp&s=b27c837a1b1f0e047e3822ee74f63e94e3e5566e) +From the Guardian: https://www.theguardian.com/politics/2020/jul/05/sunak-considers-500-vouchers-for-all-uk-adults-to-spend-in-covid-hit-firms + +Radical plans to give all adults £500 and children £250 in vouchers to spend in sectors of the economy worst hit by the Covid-19 crisis are being considered by the Treasury. + +The proposals, drawn up by the Resolution Foundation think tank, which has had recent talks with the Treasury about its ideas, are aimed at kickstarting economic recovery by triggering a highly targeted surge in spending. Under the plans the vouchers could only be spent in certain sectors, such as hospitality and “face to face” retail, as opposed to online. + +The proposals are similar to successful schemes already used in China, Taiwan and Malta. In April, the Chinese city of Wuhan, where the Covid-19 outbreak is believed to have started, issued 500 million yuan (£57m) in consumption vouchers for use in restaurants, shopping malls, convenience stores, and cultural, sports and tourist venues. + + +Guardian Today: the headlines, the analysis, the debate - sent direct to you + Read more +Last night, ahead of a “summer update” on the state of the stricken economy by the chancellor Rishi Sunak on Wednesday, the Treasury refused to rule out introducing a similar scheme in the short or medium term. + +The Resolution Foundation says its idea would be a more effective way to jump start a recovery than a temporary VAT cut, or one-off cash gifts from the state to individuals, which have also been considered in Whitehall. + +Economists say cash transfers into people’s bank accounts would probably be stashed away into savings by many higher income households, while a VAT cut would do less for lower income families because they tend to spend more of their money on VAT exempt items, or reduced, or zero-rated goods. + +The money could be allocated via vouchers or smartcards, and transactions could be made with the use of mobile phones. The think tank suggests a one-year time limit for spending the money and that the scheme, which would cost the state around £30bn, could be closed down in the event of a second wave of Covid-19. + +Sources involved in the discussions said the Treasury might balk at a £30bn bill and opt for smaller sums if it takes up the idea, with the possibility that it could increase the value of the vouchers later if the scheme proved effective. + +Economic activity in the hospitality sector was down more than 90% in April and there are fears that many sectors will continue to be badly affected while social distancing remains in place. In Germany and France, where lockdown restrictions have already eased, leisure and retail trips remain more than 10% down on pre-crisis levels. + +James Smith, research director at the Resolution Foundation, said: “Social distancing has huge implications for firms in sectors like retail, hospitality, tourism and leisure that will last into the reopening phase. That is why the jobs of so many workers in these sectors are in the firing line. The chancellor’s recovery package on Wednesday should reflect this unique economic challenge. + +“As well as setting out the biggest ever peacetime job support programme, the chancellor should get Britain spending in places where it’s needed most. A universal high street voucher scheme to be spent only in these sectors would kickstart demand in the right parts of our economy, boost living standards and deliver targeted support to the businesses that need help the most.” + +The Treasury declined to comment on the plans saying the chancellor would outline “the next stage in our plan to secure Britain’s recovery” on Wednesday. This will include an extra £32m for the National Careers Service which ministers says will allow a quarter of a million more people to benefit from expert careers advice in their search for jobs. Sunak will say that the government will recruit hundreds more careers advisers – meaning close to 270,000 more people will receive bespoke advice to support them into the world of work. + +Meanwhile Labour warns today of “ghost towns” developing across the country as new figures show more than 80,000 hospitality, leisure and retail businesses have missed out on government grants to help them tackle the Covid-19 crisis. + +The figures from the Valuations Agency office show that 83,290 retail, leisure and hospitality businesses have received no grant support from government. These businesses, in higher rateable value premises, are often larger employers, with higher turnovers. + +Shadow business minister Lucy Powell said: “Unless the government steps up to save the high street many will become ghost towns, with thousands laid off, as a result. Labour is calling on the government to have a back-to-work budget this week, with the focus on protecting and creating jobs.” + +Polling by Opinium for the Bright Blue think tank found that more than two in five (44%) of businesses participating in the Coronavirus Job Retention Scheme reported they will have to lay off some, more or all of their furloughed staff when the scheme comes to a close at the end of October. +Hi is there online excel that you have found which is good. I've used one found on Google which uses Microsoft share tracker which I think takes it figures from Yahoo finance which seem to be slightly out on the prices shown in my apps. I've started to update it but I'm not sure it does what it as hoping. Ie to track on a daily basis and the fluctuations . +In terms of shares you were thinking seriously about buying but never bit the bullet for? + +Mine would have to be AMD after they got the anti-competitive settlement. I underestimated their ability to take on intel and have been very impressed watching from the sidelines +I'm in my 40s now and my kids are mostly grown and I'm finally in a good position financially, but this show takes me right back to how it felt to be constantly on the brink of disaster and not have anyone to count on. That part where she got out of the car to go back to go get the dollar store toy. God. I remember one time I ran out of gas on the expressway and I could see a gas station. So I had to decide if it was better if I should leave my kids in the car alone or carry them across six lanes. And buying Hungry Jack pancake mix for myself to eat for months because it was just add water. I guess I'm just posting here to say that it does get better. At least you guys have found internet support. Ask questions even if you think there isn't a solution. There are so many things I know now that I wish I knew back then. It'll be ok. Virtual hug. +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#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/ywAGqfUAQE). +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/ywAGqfUAQE). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +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 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/wsNDGTf5QH). +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). +With electric cars leasing seems to be both becoming the norm, and reasonably sensible (e.g. battery fatigue meaning that keeping an electric car past three years can be expensive). +My company recently announced that we will not be required to go back to the office and we’re free to work remotely from anywhere in the country without approval for 3 months a year (can do so longer with approval which is easy to attain). + +For that reason, I am considering buying a vacation condo near a popular tourist destination and living there for a few months in the year for a change of scenary and as a real estate investment. But since it I won’t be there for 9 months + of the year I was thinking it would be profitable to rent it out as a vacation rental. This would be my first investment property. + +How difficult is it to do this? I’m not necessarily aiming to make huge profits, just enough to pay the mortgage and maintenance/upkeep. + +Is there a well known guide or book or other resouce I can look at to learn if this is right for me? +At a party given by a billionaire on Shelter Island, the late Kurt Vonnegut informs his pal, the author Joseph Heller, that their host, a hedge fund manager, had made more money in a single day than Heller had earned from his wildly popular novel Catch 22 over its whole history. Heller responds, “Yes, but I have something he will never have . . . Enough.” + +From John Bogle's speech: https://jamesclear.com/great-speeches/enough-by-john-c-bogle +Preamble: For research purposes I built out a kalman filter stat arb. model inspired by Ernie Chans kalman filter mean reversion model. I then backtested it on a long-short bitcoin etherium portfolio. For a more in-depth breakdown of the strategy and concepts see: Chan, E., 2013. *Algorithmic trading: winning strategies and their rationale* (Vol. 625). John Wiley & Sons. + +**The model** + +The model uses a kalman filter regression to calculate a hedge ratio between bitcoin (BTC) and etherium (ETH). It then monitors the value of the hedge portfolio looking for moments of diversion to enter long or short positions. The test data was compiled BTC and ETH data in 4H time intervals spanning 1035 days. + +**The Backtest** + +a step by step procedure below: + +1. Use kalman filter regression (as seen in EC's book) to calculate the hedge ratio between BTC and ETH + +2. Calculate a spread as: S = BTC - (Hedge Ratio \* ETH) + +3. Calculate Z score of the Spread (S) using a rolling mean and std. (can use half life from kalman calcs or a set lookback period eg. 10) + +4. Define long entry as -2, short entry as 2 and trade exit as 0 + +5. enter a long position when Z score <= -2,exit trade when Z score >= 0 + +6. enter a short Z score >= 2,exit trade when Z score <= 0 + +**Figures and results** + +*fig 1. Sample of Kalman spread Z score with trade entry* + +&#x200B; + +https://preview.redd.it/gq2aqemc5i871.png?width=1615&format=png&auto=webp&s=7c64c35f4b635c3ede36aea70b3a2a5c299eb5ca + +*fig 2. Sample of cumulative portfolio return with trade entry* + +&#x200B; + +https://preview.redd.it/80gl1gpm5i871.png?width=1627&format=png&auto=webp&s=36b6cc63c21a9f699a22de665f06fbef1c2de8f4 + +*fig 3. Total Cumulative Return (1035 days of test data)* + +&#x200B; + +https://preview.redd.it/tqnc33406i871.png?width=1527&format=png&auto=webp&s=6a853f545c959b1681567c105a2921d887870905 + +*fig 4. Results Summary* + +&#x200B; + +https://preview.redd.it/kfx8etv56i871.png?width=750&format=png&auto=webp&s=04082e874ca1dbf7a48b956019a54d687a79951f + +**Discussion** + +* It was cool to see an alpha directly from a book applied to a different asset class still continue to work +* The Z score is calculated as (observed\_spread - spread\_rolling\_mean) / (spread\_std) +* Long-short entries were very wide meaning the strategy was low touch (27.05% time in market).would work well paired with other low touch strategies +* No apparent long short bias with strong returns and performance metrics +* Live trading results would vary significantly with t-costs slippage etc... this was just a side project. +Constant price speculation gets a little mundane. I'm curious what goals you're all working towards. My expensive ones are as follows + +- Replace flooring/tile ruined by mold and age +- Replace kitchen cabinets and drawers that are falling apart +- Replace fence in back yard that is barely still standing +- Remove oak tree that is too big and too close to the house +- Add solar panels to my roof and reduce my dependence on the grid +- Get implantable contact lenses + +Beyond that, I'd like a nice OLED screen and loads of various computer-related stuff that will depreciate in value quickly. +So I am selling my used bike on Gumtree for about £700 and I have had a couple of people message me interested for the bike, however neither of them can come in person to have a look at the bike, which to me is very strange, especially on such an expensive bike. They are both very insistent the would like to pay via PayPal and no other method as one is a very busy software developer and the other one can’t collect for health reasons. Both said an “agent” will collect the bike once payment is made. + +Something about theirs stories just don’t add up! Happy to forward the convos via private email if anyone is interested. + +I don’t know, there is something about these that doesn’t sit quite right with me! Is this a scam? Can be payment on PayPal be reversed? + +EDIT: Thanks for all the feedback guys! I shall stay well clear of those buyers! Fingers crossed I will sell this bike quickly as I am in need of cash lol +🚨DEBUNKED🚨 Sorry to get everyone excited. I was a little smooth and didn't find this originally. See [this comment here.](https://www.reddit.com/r/Superstonk/comments/qw4neg/comment/hl0rxyb/?utm_source=share&utm_medium=web2x&context=3) Mods feel free to change the flair. All I did was find a fellow apes wallet u/devdevgoat (sorry). + +Alright, my tits are absolutely jacked right now. I am just going to walk you through my discovery. + +1.) I went to Gamestops contract as listed on their website and went under ERC721 tokens txns (0x13374200c29C757FDCc72F15Da98fb94f286d71e) + +https://preview.redd.it/4o2sk32nv6081.png?width=1595&format=png&auto=webp&s=1609f75714eda202dd986bae5170901f13399bf6 + +Where I saw these two transactions on Rarible. (Yes I know anyone can send this but bear with me.) + +2.) Heading over to Rarible, I searched for the user "Gamestop" and found one. + +https://preview.redd.it/wgzpq3d5w6081.png?width=1860&format=png&auto=webp&s=f0db560b956b41aa0e0431b5cb49bd027ce60481 + +Notice the address is the same as Gamestops contract from before. As well we can see that the NFT that was minted was the same graphic from nft.gamestop.com!! [Link](https://rarible.com/collection/0xd9aaf5076e6dcb8c7aba8d23ca39d55061364d45) + +3. Going to the NFT page itself. + +https://preview.redd.it/gkardqtow6081.png?width=1597&format=png&auto=webp&s=80bea394c2dc345275f9f83d64444a5882374b44 + +We can see now that there was a bid on 8/12?? Okay, weird considering it's marked "not for sale". Lets see who placed a bid on etherscan. + +4.) Wallet from Bid (0xe5B6B887570Ae0EC87B379e1576C4fe0b892BA38) + +https://preview.redd.it/ocn1nyugx6081.png?width=1724&format=png&auto=webp&s=c3eb2c4812ec2f36e1512de016e1d6682cb0fc94 + +Nothing too interesting here yet.. Still curious I follow the link to the contract highlighted above just to see what it might be associated with. + +5.) Contract from wallet from bid (0x35fA2614DA91b06Fb11906dc02761E0266B79c49) + +https://preview.redd.it/64j8ezfzx6081.png?width=1640&format=png&auto=webp&s=c76336041fdfe0ebeef1a4c2ec2b07e9f29c9a90 + +Again, not much to see here but I wanted to see who made the contract so I clicked on the creator. + +6.) The contract that created the previous contract. (0x57E037F4d2c8BEa011Ad8a9A5AF4AaEEd508650f) + +https://preview.redd.it/7rlzg1wey6081.png?width=1607&format=png&auto=webp&s=87459734407c08b5c096de970a770b7d45e07b05 + +Same as before, I want to see who the creator of this contract was... And I couldn't believe my eyes... + +7. Loopring created the contract. (0x4374D3d032B3c96785094ec9f384f07077792768) + +https://preview.redd.it/a0sqeaasy6081.png?width=1394&format=png&auto=webp&s=cc2d417b4edf6e3aef8992bd769cf9c295e89603 + +~~If anyone has any knowledge to dispute my findings let me know, but I think this is pretty rock solid.~~ Edit: Am idiot + +Edit 1: It's also worth noting that the bidding wallet from step #4 had its first transaction the day after the NFT was minted. +TL;DR: Walking out of a dealership with no car can be the best decision you make. Car dealers are SLEAZY AF. + + +I am in the market for a new car, so I went to the nearest Acura dealership to me. I have a new-ish Honda Pilot, but an MDX before that, and I miss my MDX so here we are. + + +I knew going in that my trade-in (the Pilot) is worth $4500 more than what I presently owe on it. It is lower than average miles and in excellent condition. I have a buyout offer in hand from a neighboring dealer as well. + + +They do the obligatory "we have to appraise" it and I told them that's fine, but I know what it's worth and there's no need to sell my existing car, so I won't be taking less than the buyout offer I have from a dealership across the street. + + +I ask to drive the car and my husband and I take it for a spin. It is what I expect. We return to the dealership. + + +I had gone through TrueCar to get an offer from this same dealership and was given an offer of $48k the night before on the car I was looking for. They tell me that TrueCar is really aggressive and the best they could do was $49k. + + +I warn the salesperson that when he gets me the term sheet that I am looking for the out the door cost for the car and NOT payments. I also ask for a breakdown of the fees. + + +He compliments my wedding ring. Tells me he was in jewelry sales before. Cool, I am wearing a plain milligrain band. I assure you, the ring is nothing to write home about. + + +I mention that I want roof racks and crossbars for the car. He tells me they will be $1230. I tell him the price on the Acura eStore is $850. He tells me shipping and installation makes up the difference (THIS IS A LIE). Then he tries telling me that it costs $180 just to install these (THIS IS ALSO A LIE). I tell him he can take 20% off his price for the aftermarket parts. He takes off 15. + + +The deal that Acura is running now is either 0.9% over 72 months (car at MSRP) OR you can take the "Internet E-Price" discount. MSRP for the car is $53k. He wants to give me $4k off. + + +Then the funny business happens. The sales manager comes out and tells me that there's something wrong with my financing (through Acura). I ask what it is, he says they won't approve me for 72 months, but only 60 months (RED FLAG). There's nothing wrong with my financing. I tell him I don't care about the term, it can be 36 , 48 or 60 for all I care. He starts being really slick and coming out to talk to me: + + +"Look, I really want to help you out here, and really want you to leave an Acura today" + + +"You don't have to worry about any of this, we are going to bend over backwards to make sure you get into this car" + + +"Are we really only talking about a difference of $400?" (demeaning, dismissive, when I insisted he bring the offer on my trade-in to match what the other dealership had offered me. + + +Him and the salesperson do the "can we get you anything to make you more comfortable while we work on this" and "the finance guy is getting this into the system right now" and I respond letting them know they've got half an hour to get it figured out, because I have a lunch date. + + +Now something weird happens. I get an updated offer from a different sales agent at the SAME DEALERSHIP. + + +Except, it is 3k less than what they have proposed for the vehicle. + + +My old MDX dealer is 40 mins from my house but at this point I am willing to make the trip. + + +I call my contact at the old dealership. I explain the situation. He tsk tsk's me for being at the other dealership. I ask him if he can make $46k happen, and he tells me he has to call me back. + + +Bear in mind, these are 2020's sitting on the lot, and the 2021 is supposed to be coming soon. Probably delayed, but still sitting. + + +The salesperson comes back out and is sweet talking my husband as I return from my phone call. + + +I tell the salesperson about the email from HIS dealership with an offer $3k LOWER than what I am paying. You know, he could have swallowed his pride on this one but he says... + + +"Oh that must have been a mistake, I bet he hit the wrong button, we can't honor a price that low" + + +I asked him to let my husband and I chat. In the meantime I start packing up my things and I see the salesperson come back out of the corner of my eye. + + +He has the keys to my trade-in and he hands them to me and says "Sorry, we could not make the financing work, thanks for coming out today" + + +THIS IS A TACTIC. PEOPLE DO NOT LIKE BEING TOLD NO. I know beyond the shadow of a doubt there is NOTHING wrong with my financing. Why? Because I was pre-approved through my bank before I showed up. They did not even ask, tried to hit me with a higher rate, even though I offered my pre-approval. + + +My husband and I left for our lunch date and my old dealership called me back. He says "Clover, if you want to make the trip out here, you'll leave in your car for that price" + + +I show up at the dealership and he already has a no-bullshit term sheet drawn up. I tsk tsk'd him for putting GAP and Extended warranty on there, and he took them off. + + +Those aftermarket accessories? $200 markup, not $400. + + +He added the $500 to my downpayment from the finance company (double cash, where Acura matches your downpayment up to $500) without me asking (he knows I would have). + + +They matched my bank's rate, and husband and I went to go drive it while they drew up the paperwork. + + +Then, I got a text message from a number I did not recognize. "Hey Clover! I've got some great news for you, will you give me a call when you get this?" + + +Oh you have GOT to be kidding. + + +Then, the same number calls me half an hour later and leaves a message. "Hey Clover, my Sales Manager was really upset with American Honda but he pulled some strings and we got it all sorted out for you, and we can WORK ON the price when you get here" + + +It was the salesperson from the other dealership, trying to convince me to come back. + + +Got back from my test drive at my dealership, caught up with the Sales Manager (who has been there for 8 years and sold me my first MDX) and I drove off the lot 2 hours after we got there, and now my new car is sitting in my driveway. + + +I texted the salesperson from the first dealership back once we got home. "I purchased from ACME Acura. Thanks." + + +Moral of the story: Even the most informed and prepared of us can get swindled. If I had not received that email I would have paid $3k more for that car than I should have. Don't be afraid to walk away. There are PLENTY of cars on the lot! +teaching myself python and my understanding is that HFT requires faster languages likes C++ (Rust?), and yet I see Python is still an oft required skillset on quant dev applications. So im just wondering, under what circumstances might one use python instead of C++? both in a trading context and otherwise +Throwaway id. Sharing this because it might be useful to folks on this sub. Also its therapeutic to talk about it. + +Recently me and my dad simultaneously received IT notices. I've received IT letters before but this was different. It came via the online system and was more intimidating than anything else I had ever received- used words like "your income escaped assessment". First I thought these were scare tactics. I honestly and scrupulously pay my taxes and file my returns. But when I did a quick read about the section under which the letter was sent (147/148)- I started shitting bricks. It's really scary stuff. What got me also worried was that this pertained to FY 2011-12 which was like 7-8 years ago. I started going nuts over whether I had missed out something and if I still had the records from back then. + +Whenever I get something from the IT dept I call up my CA. He thought it might be because of my MF investments. But first he said the immediate requirement was to re-file our returns and then ask the ITO the basis for the notice. So we did. The ITO responded saying the AIR of my dad showed MF investments of 20L which was disproportionate to his income (which was <5L). In my case it was because my AIR showed 1.4 cr of MF investments and 40L of credit card bill payments (against income shown of 80L) and so according to him 1.80 cr was "unexplained". + +We planned to respond saying that + +* I had sold MF and shares worth 1.5 cr in the same year and that's where most of the money to buy MFs came from. +* The credit card bill payments included my corporate credit card which my company paid for. My personal credit card bill payments were insignificant given my take home pay. +* All the MF investment in my dad's account were made in my name (and were part of the investments that I had made). I am the the first holder in the MF investments and second holder in his bank account. + +However the requirement of the ITO wasn't just a response. He wanted proof as well. Bank accounts, MF statements, credit card statements, form 16, 80c investments. And he wanted it uploaded in 7 days flat (5 working days). And on the 7th day, he also wanted us or our authorised representative to see him. + +That's the background. Now for observations/ inferences. + +&#x200B; + +1. Having soft copies of form 16, bank accounts and credit card statements in particular can save you time and a ton of hassles. Otherwise getting these isn't easy, especially if we're talking records from several years ago and if you've changed companies, banks, cities etc. Netbanking typically gives more recent statements- older statements have to be requested from the branch and there can be hiccups and obstacles around that. +2. Credit card statements have their own challenges. If you have had your cards blocked from time to time, connecting their history is difficult and some bank credit card divisions are simply incompetent. Getting old corporate card bills are a big nightmare if you've changed companies because your corporate email address no longer exists (that's where they'll send you the statements). One other thing- statements of some credit cards don't mention your name - so having a scanned copy of the card could save you heaps of bother. +3. The ITO notice made reference only to salary income shown in my return for that year and not capital gains. Did he not see the return properly? Did he ignore it? If he had seen it he would have known or inferred that I made large sales of shares and MFs. +4. AIR numbers from MFs report gross purchases (except switches). That's a faulty measure. Going by that, anyone who does a number of large, high value liquid fund transactions can easily get a summons from the ITO. +5. Interpreting AIR numbers is I think a matter of convenience rather than consistency. My AIR data of MFs purchased would have been 1.4 cr as reported by the MFs and 1.2 cr as reported by my bank- the ITO chose to use the number from the MFs. Fair enough. In my dad's case the AIR data from the bank showed 20L of MF purchases and would have shown nil in the MF records- yet the ITO went by the bank AIR. +6. This was the only time I ever purchased MFs from my dad's bank account and after getting this notice I've been regretting doing that. Lesson is that anyone purchasing MFs from a bank account in which he or she is the second holder could be putting the first holder at risk of getting an IT notice. +7. Ref the 7 day notice above. The IT notice comes by sms, email and hard copy so that it isn't missed or maybe to leave no room for excuse to the person being served the notice. But guess what? The emails came to us on an id that we had changed long ago. The hard copy came one day before the 7 days were expiring and to an old address which we have long since changed in the IT records. We got the sms and that's the way we first knew that we'd been served. I don't want to think about what might have happened had we not received that sms. Oh by the way, the email said that we had to appear in person while the sms said that we didn't have to. +8. For 12 years I've had this CA file my returns. Even after online filing began and Clear Tax and other sites came up, I continued with the CA for which my friends constantly ridiculed me. I don't like breaking relationships with people who have serviced me just because cheaper stuff is available online. Some relationships come down in value but I don't like to just break them. That persistence just paid off big time and much beyond what I imagined. I mean I knew he was good but I didn't know how good. He took complete charge to submit the response, re-checked my earlier returns to be sure and finally managed to call up and get an okay from the ITO that a meeting in person wasn't required. His presence was a Godsend, it calmed me down tremendously else I would have been going apeshit. I tell you, there's no way I'm letting go of that guy. +For those who don't know, Robinhood did what Robinhood does again last week. If you were on the Dogecoin page at the time, the order box would state, "Dogecoin trades may not execute right now". That's right, you could neither buy nor sell your assets while Doge was going to the moon. Apparently, the aggressive spike from 40 to 48 cents was too much volume for Robinhood to handle. Did users overload their servers or did they have liquidity problems again? Who knows, but if Dogecoin alone was enough to give Robinhood problems, I can't imagine how vulnerable their platform will be when GME pops. It took me two days to transfer all of my shares from Robinhood to Fidelity, no excuses. + +[https://investorplace.com/2021/04/robinhood-outage-flusters-doge-investors-with-dogecoin-trades-may-not-execute-message/](https://investorplace.com/2021/04/robinhood-outage-flusters-doge-investors-with-dogecoin-trades-may-not-execute-message/) +# Well, the answer is dead simple. Just invest in projects that are fixing what is broken. The end. LOL. + +But seriously, let’s take a look at these huge problems before solving them. + +If you didn’t know, yield farming is 1. a whale game, and the constant dumping of tokens with 2. a relatively small liquidity causes small projects to be dumped close to zero. The classic ‘they come, they eat, they leave’. + +Naturally, it is a good thing when a project is not anything special — bad projects don’t deserve long-term price appreciation. + +Yet, we’ve seen projects with extremely high-quality development and technology being dumped in the beginning and then rise from the ashes. They are now solving these problems even if the token price during early days dumped to close to $100K market cap. + +Was that enough warm-up for you? Here we go, let's fix the problems. + +# PART 1: DESTROY (or tame) THE WHALES + +Tokens represent governance. One governance token governs one ecosystem, right? For example, **SushiSwap** governance happens through **SUSHI** tokens. If you want to be part of several communities and make your vote matter in each of them, you need many different tokens…OR DO YOU? WHAT IF you could own **a governance token that was governing 10 or 100 projects at the time**? + +As farming gives you governance token rewards, you will normally dump that token on the market for ETH. What if there was a platform that would just: + +A. reward you in **ETH** and + +B. only IF you chose to take your rewards in the governance token instead of **ETH** then the governance token would be bought from the market and distributed to you? + +...then... + +C. We would have no dumping of the governance token, only solid ‘pumpamentals’. + +**Dracula Protocol** does this. When you have different LP-tokens from several other farming projects Dracula gives you the option to stake them on its native platform. It then farms your tokens and automatically sells the "victim" governance tokens to the market for ETH, keeping just a tiny portion of the “victims” governance token in Dracula’s vault — *we will come back to the vault part in a moment*. + +Now, the **ETH** rewards then get automatically compounded with **ETH** staking on a trusted platform such as **AAVE**, so the rewards get another boost. + +When you decide to harvest your rewards, you either choose to receive all that **ETH**, or if you choose to receive it in Dracula governance token **DRC**, the code automatically buys **DRC** from the market and distributes **DRC** to you. + +But why would you want to receive the governance token? + +The vault man, the vault. The vault now holds governance tokens from other protocols. Let’s say Dracula would have 2% of all circulating tokens of SUSHI in its vault. **If you then hold DRC, you are holding tokens with 2% voting power in SUSHI governance.** + +Yes, you read that right. + +**Dracula will delegate the voting power from its partners to DRC holders.** While you stake your **DRC** on Dracula, **you will also be receiving a small portion of all ETH** rewards piled on the platform. + +To add a cherry to the top, all actions on **Dracula Protocol** are crowdfunded from the total rewards. This will help all the users as all the fees get cut big time. + +These elements solve the problem of only whales being able to act freely in an ecosystem, and the whales dumping. They also solve a problem with governance as today so many votes do not get used as you often need to pay a fee to vote, too. + +One problem remains though: How to bring liquidity to create an incentive for someone to buy into a project with big money. Also, how to have liquidity to buffer the price when going downwards, too? + +# PART 2: DECENTRALIZE THE LIQUIDITY FOR A MILLION YEARS TO COME + +Enter **Toad Network**. + +In **TOAD** you farm using your LP-tokens and you get rewarded with LP-tokens. The trick is that when you enter LP-token farm, you pay a 10% fee. And when you exit you pay another 10%. + +Wait a minute, isn’t that how some Ponzi would work? You’ll see soon enough. + +These LP-token fees will become future farming rewards. You can withdraw your farmed rewards without an additional fee. + +Then you can use those rewards by adding them to **TOAD-BNB** staking pool to gain rewards in **TOAD**. And again, you can stake **TOAD** to receive staking rewards for more **TOAD**. + +So, the minute the whales come in for their treat of eating and sh\*tting on the project, they’ll give 10% to the existing community of LP farmers. And when they are done with their lunch and withdrawing LPs to dump on the market, f\*ck yeah, they give ANOTHER 10% to the whole community. Don’t you love where this is going? + +Instead of a Ponzi, we have a long-term hodler & farmer community with decentralized & perpetual liquidity. For a million years to come… + +Now, as said, **TOAD** is building an ecosystem of **perpetual liquidity**. Bored of pancakeswap forks and their lack of vision, Toad will launch their own swap soon. As they will use their code on tokens listed on the exchange, there will be enough liquidity for good amount of trading with no possibilities for teams to do rug-pulls. **Toad Network** is building something that no other project is offering — at least I haven’t dyorred any that do. + +The huge liquidity will also serve as a reserve for a myriad of financial tools such as lending and savings. + +DeFi for the people’s republic of crypto space. Or resistance. Or whatever you want to call it. + +These two projects work on different blockchains, **Dracula on Ethereum** and **Toad Network on Binance Smartchain**, but both see their near future as **cross-chain**. Meaning the elements of both ecosystems will serve all of the crypto space. + +Let’s cut it here. Now I ask you to talk to the devs and see if they’re BASED on not. +For those traders who’ve found consistent profitability, what was the moment you finally realized you “got it”? How did you know you’d reached that moment (in other words, did you know when it happened, or did you have to look back to realize it did)? + +Or if it wasn’t just one moment for you, what were the series of moments that you now look back on and discover those were what finally got you “over the hump”? +I know it's probably a very beginner economics question for most people, but I really don't know the answer as I'm just getting into basic economics myself. + +I always read about how inflation will make money in the future worth less than in the present time (at an average rate of 3% a year), which I understand, but what exactly stops a currency from becoming totally worthless (assuming we're talking about a peaceful, stable nation)? Do deflationary periods last long enough to let a currency rebound, or is it just up to the government (or the Fed I guess) to keep inflation in check at all times? Just looking for a little more expansion on the common concepts I keep seeing in various articles/books. +Back in late 2014 I bought my first coins, here’s what I’ve learned since… + +1. Hodling is simple, but it isn’t easy. +2. When you get rich very few will be genuinely happy for you. Try to keep your success as quiet as possible. +3. Consistency is key. +4. DCA + smash buying helps soothe emotional volatility. +5. Have a plan and stick to it. +6. The mainstream news is always hilariously wrong about bitcoin. +7. Shitcoins are a high risk / high reward proposition. +8. DONT TRADE. But If you are going to trade you need to measure your performance in bitcoin terms. +9. Mining is a profession, not a hobby. +10. Frugality is paramount. If people aren’t laughing at your lifestyle, you probably aren’t hodling or stacking hard enough. +Just curious what opinions are - discounting that nobody knows anything. I'm of the opinion that we have reached relative oversold now for the near term. Biggest reason is that the current downturn is ahead of every other historical downturn except the great depression. We're down more than 2007-2009 or 2000-2003 were at the same point in time. We definitely have some financial issues to work through, but the economy isn't as FUBAR'd as 2008 was. The pessimist version from comparing with past downturns is looking at how far they were from an eventual bottom at this point in time. + +What do you think ? Scared - or greedy ? +Real estate has become a passion of mine recently and I want to pursue investing. I’ve been doing everything I can to learn, even enrolling in real estate agent pre-license courses. It’s one thing to read about it but I want to see the process in person and ask questions. I’ve thought about asking brokers around me to intern however I’m not really sure how to go about it. What do you guys think is the best way to find a mentor to show you the ropes? +Maybe/hopefully this can be a lesson to other newbies + +&nbsp; + + +My very first trade was to go and sell a 3/12 Put (for .72 premium) + + +But since I was nervous about my first ever options trade I set buy/close triggers if I incurred 20% losses beyond what I earned (so, buy back if premium rose to .86), or if I could retain 75% profit (so, close it out at .18 premium) + + +&nbsp; + + +Unfortunately, I almost immediately learned that I should have paid closer attention to bid-ask spread... + + +There were no Asks between .72 and my limit of .86, the next Ask was at 1.00 + + +Which meant the buy trigger I set apparently saw that the price had 'risen' above my .86 setting and it bought the 1.00 Put to close the position + + +&nbsp; + + +$28 gone before I could even finish my cup of coffee + + +After the initial confusion/shock/anger I'm glad it happened because it taught me I really need to triple check my trade as well as my exit plans (does it make sense logically, and technically) before I execute or I can inadvertently burn myself + + +Thank you for reading, and don't do what I did +**Preamble:** I suppose all of us have come across an analyst report while doing DD on a stock. Most of the reports that are freely available to the average investor are either dated or limited in access (we only have the buy/sell ratings and not the deep dive on the stock). According to [this](https://www.bloomberg.com/professional/blog/put-price-investment-research-2/) Bloomberg report, Goldman Sachs charges $30K for access to its basic research, JP Morgan $10K per report, and Barclays charging up to $455K for its equity research package. + +What I wanted to know was if you actually pay for the reports and then follow their recommendations, would you be able to beat the market in the long run? Surprisingly, there were no trackers following the performance of analyst picks over the long term and I decided to build one. + +**Where is the data from:** Yahoo Finance. I used yfinance API to pull all the analyst recommendations made from 2011 for S&P500 companies. While this is in no way a complete list of recommendations, I felt that the data I had was deep enough for the analysis. Both Bloomberg and Quandl provide richer data but costs more than $20K for their subscription and also won’t allow you to share the recommendations with the public. (I have shared all the recommendations and my analysis in an Excel Sheet at the end) + +**Analysis:** There were a total of 66,516 recommendations made by analysts over the last 10 years for S&P500 companies. + +https://preview.redd.it/8dddldhpyiv61.png?width=567&format=png&auto=webp&s=87815030b030a145b4b28699755dca67aada1f1b + +For the three sets, I calculated the stock price change across four periods. + +a. One week after recommendation + +b. One month after recommendation + +c. One quarter after recommendation + +I benchmarked the change against S&P500 and also checked what percentage of recommendations increased in value compared to the benchmark. I limited my time horizon to one quarter since analysts usually create reports every quarter and I did not want to overlap different recommendations. Finally, I also checked which banks made the best recommendations over the last decade. + +**Results:** + +https://preview.redd.it/9aejospqyiv61.png?width=624&format=png&auto=webp&s=4333db3ef1bdf35e4e9bb235de1bdda5a331e129 + +Out of the 35K buy recommendations made by the analysts, the average increase in stock price across the time periods was better than the SPY benchmark with one week returns bettering SPY by more than 40%. Adding to this, I also benchmarked the percentage of times analysts made the call and the stock price went up vs the SP500 index. + +https://preview.redd.it/tiz3b3qsyiv61.png?width=623&format=png&auto=webp&s=65233193d329d16067c7f594f4de19f1455c49ae + +Sell recommendations given by analysts definitely have a short-term impact on the stock price. As we can see from the chart, the one-week performance of stocks that were recommended as a sell was lower than that of the benchmark. But this trend does not hold over the long term with stocks having sell recommendations significantly outperforming the market over the time period of more than one month. Another thing to note here is that on average even after the sell recommendation, the stock price did not fall. (ie, the returns were not negative) + +**Which investment banks made the best recommendations?:** + +https://preview.redd.it/n0gekgktyiv61.png?width=624&format=png&auto=webp&s=9f2d186f3339e0578a72903c507560b415652a41 + +I analyzed the returns of the recommendations made by different banks. The most number of recommendations were made by Morgan Stanley with them making more than 2300 recommendations in the last 10 years. From the above chart, you can see that overall, the best returns were made by Barclays with their recommendations beating SP500 by more than 125% in one-week gains and more than 30% in quarterly gains. + +**How much money should you be managing to profitably buy analyst reports?** + +I did a rough calculation on the amount of assets you need to be managing to make sense for actually paying for the reports. From the above analysis, we could see that the analyst reports beat the market by 23%, and on average full access to analyst reports of a bank will set you back by $500K per year. Putting in the above numbers, you need to have a whopping $19MM of assets under management just to break even. Going on a conservative side, to comfortably make profits and not to have the analyst report fee considerably impact your returns, you should be managing at least $100MM. + +**Limitations of analysis:** + +The above analysis is far from perfect and has multiple limitations. First, this is not the full list of recommendations made by these companies and are just the ones that were updated on Yahoo Finance. I also could not get any information on price targets made by the analysts to supplement my analysis. Finally, even though this analysis covers the last 10 years, it had been predominantly a bull run and this can bias the results in favor of the banks. This aspect could also be seen by observing how poorly the sell recommendations made by the banks faired. + +**Conclusion:** + +I started the analysis skeptical of the returns generated by recommendations made by analysts. There has been a lot of rumors and speculations about whether analysts have access to information the public doesn’t. Whatever the case may be, the above analysis shows that if you have access to the analyst reports, you definitely can beat the market over the long run. Whether it's financially viable or not to access the reports depends on the amount of assets you have under management, in this case at least $100MM! + +Excel Sheet link containing all the recommendations and more detailed analysis: [here](https://drive.google.com/file/d/19Hd6xU4B4p0PmlpV3JULmChU1JQTVkOR/view?usp=sharing) + +*Disclaimer: I am not a financial advisor and in no way related to any investment banks showcased above.* +So... My dad told me the other day that he has 5k in cash that he's saved up over years. He wants to deposit the money ss it's mostly old £20 notes which are going out of circulation. He is scared he'll be taxed on it as earnings for that single tax year as he's self employed and has to declare everything. + +So he's asked me to deposit the cash for him into my bank account and then transfer it to him. + +I won't lie this feels pretty questionable but am I doing anything illegal? + +It feels like it could easily be seen as money laundering or such. +Nikola responded to Hindenburg's recent report, calling the fraud allegations " false and defamatory", designed to provide a false impression to investors to negatively manipulate the stock price in order to financially benefit short sellers, like Hindenburg, and contacted the SEC with concerns pertaining to the report. + +[https://nikolamotor.com/press\_releases/nikola-sets-the-record-straight-on-false-and-misleading-short-seller-report-96](https://nikolamotor.com/press_releases/nikola-sets-the-record-straight-on-false-and-misleading-short-seller-report-96) +For as long as I can remember, all I’ve ever heard or read about when it comes to the financial implications of PCP / Leasing a car have been negative. + +And largely, I can see what you’re on about. Why pay £200+ a month for something that you could purchase outright and actually own? Sounds like you would be crazy to enter into a lease! + +However, and here’s where my personal experience taints the whole idea... I am 26 years old. I have owned 6 cars in the span of 8 years driving. + +This idea of purchasing a cheap car outright and saving money in the long run hasn’t really gone to plan for me... I have purchased from auctions, auction sites, dealerships, friends & simple online, yet every single time something has gone drastically wrong. Engine failure, major repairs, exhaust blowing up, someone crashing into me, me crashing into someone else - the list goes on. + +The total I have spent on these used cars (purchase price only) is: £10,500 (cheapest car, £800. Most expensive, £3500) + +Add the addition work carried out for repairs (not including services or mots), approx: £3000 + +That’s a total of £13,500 spent on cars over the past 6 years. Costing me roughly £187.50 a month since I started this journey of driving. (Not including insurance, MOT’s, service, tyres etc.) + +My current car has lasted the longest, 3 years - cost £2000 & has had roughly £350 a year to keep it in shape. It’s a VW Polo with over 160k miles, and on its last legs - costing me roughly £84.70 a month in total over the 3 years. Very good, however the chance of this happening again feels like a gamble. + +All of this to say, that in my experience cars are so unpredictable and the idea of buying something cheap to last years seems really like a pipe dream. +It could be that I’m buying the wrong type of car or spending too little money... but in the mid-term (next 6 years) the idea of spending £200 a month on a lease, works out to only be £13 more a month than I have spent over the past 6 years but seems to be a lot less of a headache & guarantees a car that works... + +Question: +Have I just been unlucky with cars, or am I making a sober judgment to enter in to a lease deal? +Ever since windup was announced in 6 debt schemes of Franklin, I'm checking the NAV of it's UST bond fund and it's gone down by bits and pieces every single day. As per value research, one week return is -0.42% (checked on 01-May). I'm not sure how the wind-up is protecting the value of investors in this case ? If this goes on till they redeem all our units (over 2-3 years) I don't have much hope of even recovering my entire principal amount. Any thoughts ? + +I seemed to do way better the less I knew. Like a lot better. I notice new people on here and r/options having similar success with no experience. + +So I started looking into this and I found an article from a study at Princeton where monkeys have been throwing darts at stocks on a piece of paper for the last 40 years and every year outperformed index by about 2% every year. + +Also found this video of the same kind same kind of thing where this guy spins a wheel and flips a coin to take positions and has similar results. +https://youtu.be/5L0gmU7G9tE + +So I do my research and there will be a company with a great track record, that’s undervalued, that’s just got all these new clients and contracts, and just crushed earnings by 1000% and somehow this type of investment has screwed me over every time but if I don’t think about it and just “buy the dip” on literally anything I’m making 100% gains. So do you guys honestly think there’s something to this or is it just dumb luck? +Hi all! I want to make this post short. I inherited ~$500k between life insurance money and an inherited-IRA. I also inherited my childhood home, no mortgage. I am 28 years old, unable to work more than 10hrs/wk due to my disability, but I have not applied for benefits. I need this money to generate passive income for as long as possible to help me survive given my limited working capacity. Which types of questions should I be asking the CFPs I plan on meeting with? I am vulnerable from the recent loss of my mother and have a lot swimming around in my head. My entire future depends on this money being managed correctly. I am worried about being too complex of a case for a CFP to properly guide me, but that could also be my trauma speaking. Thank you for your time! +Hi Reddit, + +Throwaway here for anonymity, to set the scene: + +Fiance currently lives in a rental and is the primary person on the lease. Due to circumstances, her dad has since moved in with her and has split rent costs. + +The dad has since come into work and money (not a lot, but at the same time not a paltry amount). + +It appears he is sending money overseas to scammers with the promise of a new life, money, etc etc (you know the usual crap). + +However my fiance is struggling for food and bills because he is not helping her with the bills and instead spending exorbitant amounts of money on these scams (he thinks they are real) or on hobby items that are crazy expensive. + +Any advice? + +I've asked a few people here and there and the census is that nothing legally can be done and that he would have to be willing to accept help. + +Has anyone experienced this or had advice that could help? + +Minor backstory (to prevent this identifying me), I currently live separately to fiance for personal reasons (as much as I want to move in with her asap) so the best I can do is send her money for bills and food etc as I can, however this also stretches me too. +Looking for a bit of guidance here from someone who has gone down a SaaS sales path. I work for a ‘Top Forbes Cloud’ company that is nearing IPO. + +I got lucky, was in relatively early, and at Age 27 am an Enterprise AE pulling in 250-300k per year and ~40k in RSUs per year. Total comp is $340k. I’ve got 500k saved but am wondering how to really up my earning potential while staying in the same career track. + +Can I FatFIRE at this rate? If not, what is the next step, leadership? First rep at a brand new company for an equity play? I’m charting my 5 year plan now and am struggling to see where to go to achieve my goals. +I just read this article and thought it was a well written insight into what seems to be an ordinary journey to financial independence/retirement, and knowing when what you have is 'enough' for you. I'm not anywhere near financial independence, but even in my situation (average salary; no assets) it's a good reminder to enjoy what I have. + +[https://www.nytimes.com/2020/10/08/business/mutfund/saving-money.html](https://www.nytimes.com/2020/10/08/business/mutfund/saving-money.html) + + + +>*Unsettling though it was not to wake up every morning trying to make as much money as I could, I came to realize that I have more control over my time than I ever have. I am pleased to be able to work as much as I want to and to be able to help others. I am not unique in that. Maybe I’m naïve, but I think just about all of us do what we can. Especially now.* +> +>***John C. Bogle and Joseph Heller had the answer.*** +> +>*All of this has gotten me to recall a story Mr. Bogle, the founder of Vanguard, used to begin one of his books.* +> +>*“At a party given by a billionaire on Shelter Island, Kurt Vonnegut informs his pal, Joseph Heller, that their host, a hedge fund manager, had made more money in a single day than Heller had earned from his wildly popular novel ‘Catch-22’ over its whole history.* +> +>*“Heller responds, ‘Yes, but I have something that he will never have … enough.’”* +> +>*Mr. Bogle used the punchline for the book’s title: “Enough”* +So we are about to sign a lease for a place in Wisconsin and along with a $929 cashiers check they are asking for a $150 money order to a carpet cleaning company that I can’t find via google. + +Is it standard procedure to have a tenant pay directly to a carpet cleaning company prior to move in and with a money order? I’m pretty sure the carpets are new as well. It just raised some red flags for me. Thanks! + +Edit: Heading to the lease signing and we’re gonna raise concerns with them about the money order. I’ll update with the results. Thanks for all of your comments it’s validated my worries. + +Edit 2: we gave them the money order and we received a receipt for the payment. This money will be used to clean the carpets once we move out. The lease also stated that the Leasee is responsible for paying for a carpet cleaning upon their move out so it definitely seemed much more legit once we met with the leasing company. We didn’t want to make a huge stink about it because we love the place. Thanks everybody for the advice we feel much better now after everything. + +Edit 3: Yeah honestly I think the landlord company is just trying to squeeze more $ out of us. I’m documenting all my payments and I’ll take pics and keep tight records of the place over my stay there. I’ll be damned if I’m paying any carpet charges when I move out. That being said $150 isn’t a dealbreaker for this place. Hopefully the LL doesn’t continue to squeeze us. +Lately I have been watching the numbers go up but feeling like I have less. When I was 21, I took a vacation that cost me around $8,000. I only had around $50,000 to my name at the time. + +Fast forward to many years and lessons later, I would absolutely NEVER take a vacation like that despite having almost 8x the amount of money. I spent $200 in the grocery store (I’m single) the other day and almost fainted. + +Does anyone else feel like this? +I tried posting on /r/LitecoinMarkets and my stuff never gets posted. Maybe I'm banned? Not sure why. + +TL;DR I talk about my theory on how the GDAX bot works. It tries to keep it within a specified range. + +Ok lets get started. I hope you enjoy reading this as much as I enjoyed looking into this. This will take a little bit of explaining. But after hours and days of watching GDAX, I've found a very consistent pattern with how this accumulation bot works. Of course I can't know exactly how it works without seeing the code, but I think I have a good idea of how it works. I have been trying to reverse engineer what I've been seeing on GDAX. + +Note: Please see this link for pictures so you know what I'm talking about when I refer to the "20.0 buy/sell orders" https://imgur.com/a/ay9oc + +1. The bot will have a set range. For example, it'll choose $230 and $250 as a range for the day. (Or the range is dynamically generated.) Within this range, the bot will have a bunch of "buy limit" orders placed scattered within that range. So it may have buy orders at 232, 235, 237, 239, etc. +2. Lets say the price is at $249. The bot will place a huge sell wall, followed by 20.0 sell orders of litecoin. This will drive the price down a few dollars. Lets say it drops the price to about $246. While the price is dropping, the bot is accumulating coins because people are selling their coins to the bot's buy limit orders. +3. The same bot will place a big buy wall followed by about 5 limit buy orders for 20.0 each below the buy wall. +4. The buy wall helps the bot with a couple things. It makes sure that people don't panic over a "huge sell off". And it keeps people engaged in the market. So it sparks interest in the market again. It makes people think "it's going back up again!". +5. The price is allowed to rise about a dollar or so. So lets say it goes back up to $247. Now, another sell wall is place followed by sell orders of 20.0 behind it. +6. This creates sell pressure in the market and drives it down again. So lets say it drops the price to about $243 this time. Then it'll put a buy wall to raise the price just a little again. +7. This continues until the target bottom is reached. The bot does NOT want the price to drop below a certain target. If the price drops below a critical support level, the whale that runs the bot runs the risk of people panic selling their coins and ensuing a bear market. So sideways trading is what the bots likes. +8. The bot will do this for as long as it can, or until funds are exhausted on the whale's end. +9. Depending on the whale's strategy, the bot will either hold onto the accumulated coins, OR it will place sell orders at prices higher than they bought the coins at. Then they will drive the price up so they can sell their coins for a good 5% profit. I'm assuming it's the first scenario. This whale is most likely accumulating coins with the hope that LTC will be worth a lot more than it currently is today. +10. If you noticed when the price jumped to 300 the other day, there was a lot of buy momentum. The whale bot kicked in at 300 and drove the price all the way down to $240 in just a couple days. But it was so gradual that people weren't panicking. It was just like "what the hell is going on?". The way I know it was the same bot was because it was followed by those 20.0 sell orders. (See my imgur link for reference.) + + +So there you have it. That is my theory on how this bot works. It's not trying to drive the price down to zero. It's trying to keep the market within a certain range so it can quietly accumulate as many coins as it can. After it has accumulated as much as possible, the markets are let free and the price will most likely jump. This will probably be timed around news or something. Then after a new ATH is reached, the correction will happen, then the bot will start over again driving the price down to accumulate more coins. They don't care about short term gains. They are in it for the long term. + +I have one other crazy theory, but let me know what you think. What if it is actually Coinbase trying to keep the price at a certain price with this bot while they accumulate for themselves? I'm guessing this is not the case because they want to be in compliance and that would be a shit storm if people found out it was them manipulating their own exchange. But I'm not going to lie and say I haven't considered it. + +Let me know if you think I'm crazy about the bot, or if you think I'm pretty close. Feel free to share your thoughts and opinions too. I may have missed something someone else caught. + +Edit: My formatting was thrown off when I copy and pasted. I fixed the numbering. +Most well know blue chip dividend paying stocks pay less than 3%. Even we decide to use riskier but higher dividend paying instruments like SCHD QYLD JEPI NUSI (25% each), it seems like one can generate a $5 monthly income per $1000 USD investment. + +So is this it? One needs at least a million $ investment to retire early @ pre-tax income of about 60-70K/year? +I'm on universal credit and the monthly pay is £265. I've been blessed with living in my parents in their house but I'm genuinely curious how do people manage to survive on £265 a month?! They've got bills, rent, food ETC. HOW?! + +My heart goes out to the ppl that are unemployed and living independently without any family + + +[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!* +Source: Senate of Canada Twitter handle. + +So legalized single game sports betting will officially be a thing in Canada. SCR has rebounded recently - where do we see it and similar sports betting type stocks going in the near future. +My spouse doesn't ever want to retire and I fully support them. I am also fully in the FIRE camp for myself and could semi or completely retire right now if we moved to a lower COL area. We currently live in one of the most expensive cities in the US. Unfortunately, my spouse will not move to a place where there is less company diversity within our field (we're working in the same industry). And moving further out of our city isn't an appealing solution either because of the terrible commute times. SO thinks that it would be fine for me to semi-retire in our current position, but growing up in a lower-class household has given me a MUCH wider margin of error in regards to finances. Sorry if this sounds like a rant, I'm very frustrated because I'm so burnt out and my FIRE seems so close I can almost reach out and grab it! + +In some older posts, a good solution people have suggested is separating finances so you can better focus on your own FIRE journey, but I don't know if that's necessary for us since my spouse fully supports my desire to RE. **I'd really like to hear other people's experiences and solutions to pursuing FIRE as one-half of a married couple!** + +Edit: Just to clarify, my spouse does save for their retirement (max contributions) and are arguably more frugal than me. I think they just see their retirement accounts more as future fun or emergency money for the family. + +Edit 2: Some replies are telling me to just retire now, but as I stated above, I'm not comfortable doing it without a much bigger buffer. A recurring concern of mine is what if something happens to my spouse and they cannot work due to an unforeseen medical issue and suddenly they must find a new healthcare provider with a pre-existing condition? Maybe it's unrealistic to factor in these possibilities, but I'm definitely a worrier! + +Edit 3: Thanks everyone for your advice, especially those who shared their experiences! They've definitely been helpful at pinpointing the problem here, basically my own discomfort at trying to stretch a LCOL FIRE number to a HCOL area. I think I'm going to look into raising my FIRE number tonight by mathing out the actual numbers needed to settle down in our current city. Also going to look into taking a break from work to see if I'm really ready to retire or if I just need to refresh. +I'm sure many of you have had your doubts about u/Criand being just a Pomeranian God of DD but u/jafrican05 and I have put the final piece of the puzzle together to confirm that he is also....... + + +C/rian/d = Cohen/Rian(Ryan)/Detective + + + +Flip that shit around and what do you get?!? + + + +.....Detective Ryan Cohen ! + + + +Simulation confirmed +Hold strong apes. We're going to the fucking moooonnnn + + +💎🙌🦍🌙 +[This article](https://www.annettahome.com/housing-news/examining-the-foundation-whats-causing-the-rise-in-home-prices) delves into the factors driving home price increases. According to [the article](https://www.annettahome.com/housing-news/examining-the-foundation-whats-causing-the-rise-in-home-prices), they are: + +1. Limited supply +2. Increased input costs +3. Increased demand + +It's worth a read, but there are a few things I think they missed: + +1. Supply chain factors impacting the supply side +2. Costs other than lumber, for ex: copper +3. Impact of increased institutional buying + +&#x200B; + +My points 1 and 2 I think are at risk of normalizing soon which should put some pressure on home prices. What other factors should be considered when trying to assess the next move in housing prices? + +Is systematic leverage as high as it was in '08? +Country collapsed + +Hey guys, so basically I live in Chile and I had been saving up for 2 years, on a salary of basically 24k a year as a civil engineer (yes, that’s how much an engineer gets paid here). + +Long story short, thanks to investments and saving pretty much 90%+ of income, i had managed to get to 90k networth. + +I’ve been on the path to FIRE, while opting for not going for an MBA in the US, as they are too expensive, and prefered to just keep investing the money and not stop working for 2 years. + +As you may know, my country went to shit recently, and we became a lawless country, with riots everyday, a non existent police force, and a weak government that can’t handle the crisis. Basically we are on an incredible (literally) path to becoming an Argentina 2.0, or even a Venezuela if things get worse (economically speaking) + +My networth has been reduced to 70k because of the chilean peso going to shit, and my income is no longer 24k, but 20% less. + +I’ve lost hope in my country and was thinking if actually going for an MBA, for the sole reason of escaping this country, while improving my career and job opportunities. I would set my FIRE much more back, but I don’t see a good long term prospect of Chile right now. + +Opinions or advices? Sorry for english +I am trying to learn stuff on financial planning and want to learn some best ways. Suggestions in terms of books, websites, blogs etc would be helpful. +I'm 40, working full time. I have managed to stay pretty much above water for the past 8 years as a single mom, but I haven't saved nearly enough for retirement. Can I catch up? How do I fix this before it's too late? + +I would say at this point I probably have an extra $75-$100 to put away each month. +Edit: Seeing the responses has made me realize this post was a major mistake as everyone is either too deadset on seeing things from a value investing perspective or genuinely believes these concepts to not be relevant to the future of humanity. We're gonna end up agreeing to disagree or the downvote mob will have me hung. So to clarify: + +* Warren Buffet - "If markets were rational I'd be a bum sitting in a corner with a tin cup" + +* No, I will not be investing in VT or any index fund for that matter. I'm prioritizing exposure to certain industries and don't need oil and gas companies to slow down my investment. If you want to go through every post and preach about mutual funds and dividend investing, go to /r/personalfinance and don't come back. I'm sure this growth bubble will burst any day now as investors change their minds and forfeit trillions of dollars of value add in favor of returning to fundamental principles. As much as I wish it would happen, it won't, and the sooner you come to terms with this the less time you'll spend getting confused by the market. + +* Yes, value investing is dead. Get over yourselves if you genuinely believe there is any attention being paid to equities for undervalued multiples. Everyone has done it and it no longer works. I do equity research for an equity fund and have spent too many hours looking for these discounted value stocks only to come up with dog shit (and by too many hours I mean well over 1500 hours across the span of 3 years using a Bloomberg Terminal). + +* Stop telling me about the risks. I understand that this is a high yield high risk portfolio and I'm willing to work with that. Not investing in VT doesn't make me an idiot. Whoever drilled it into your head that having 0% risk tolerance is the way to go about things has probably never seen a dollar in their life. The expense fees are all less than 1% but some of you are making it out to be half of my investment. + +* My portfolio is not 100% tech. Stop telling me to invest in QQQ. I'm seeking exposure to healthcare, finance, industrials and foreign markets as well, and I have gotten it. Telling me about a tech bubble doesn't scare me when its less than half of my portfolio. + +--- + +Hi all, + +The idea with this portfolio is that they are mostly actively managed and focus on goals rather then specific companies or industries. If, say, 3D modeling goes out of style in replacement of something more advanced, Ark Invest will adjust its products accordingly. Seeing how profitable each of these are it is incredibly unlikely they will be dissolved any time soon. With that in mind, these ETFs focus on many groundbreaking things that will inevitably become the cornerstones of our society by the time I retire in 2060. Currently, each of these products has outperformed the SPX thrice over with VCR having taken the lead at a 245% YTD return. CXSE takes last place with 43% return YTD but still outperforms SPX in the same time horizon. A key advantage is that this portfolio taps heavily into foreign markets and has holdings comprised of securities on the Honk Kong exchange and other foreign markets (Most notably Tencent). There is diversity found both geographically and financially. I am keeping each at a weighting between 8 and 12 percent as to not overindulge into one specific security. Given the massive share price of VCR it can be difficult at times as one share equates to 10% of my current portfolio. + + +Many of these ETFs are rebalanced quarterly and/or monthly by active managers. Vanguard's VCR fund is the only one that isn't actively managed but the inherent concept of its holdings keeps it on top. + +Some of these ETFs have overlapping securities dominating their Top 10 holdings. Given that they are primarily growth ETFs this is expected. The biggest overlaps include Tencent, Alibaba, MercadoLibre, Twitter and Tesla. + +--- + +* ARKG - ARK Genomic Revolution ETF is an actively-managed ETF that invests in companies across multiple sectors, including healthcare, information technology, materials, energy and consumer discretionary, that are relevant to genomics revolution. + +--- + +* VCR - Vanguard Consumer Discretionary ETF is an ETF that tracks the performance of the Morgan Stanley Capital International US Investable Market Consumer Discretionary Index. + +--- + +* KGRN - KraneShares MSCI China Environment Index ETF is an ETF that provides exposure to Chinese companies that focus on contributing to a more environmentally sustainable economy by making efficient use of scarce natural resources or by mitigating the impact of environmental degradation. + +--- + +* ONLN - ProShares Online Retail ETF is an ETF that tracks the ProShares Online Retail Index. It invests in companies that principally sell online or through other non-store sales channels, such as through mobile or app purchases, rather than through "brick and mortar" store locations. + +--- + +* EMQQ - The Emerging Markets Internet and Ecommerce ETF is an ETF that tracks the performance of the Emerging Markets Internet Index by targeting companies whose primary business is e-commerce or Internet-related activities that generate most of their revenues in emerging market countries. + +--- + +* PBD - Invesco Global Clean Energy ETF is an ETF that tracks the WilderHill New Energy Global Innovation Index which holds globally listed equity securities engaged in the business of the advancement of clean, renewable energy and conservation. The Fund uses a multi-factor screening approach & is rebalanced/reconstituted quarterly. + +--- + +* IPO - Renaissance IPO ETF is an ETF that provides investors with efficient exposure to a portfolio of newly public companies prior to their inclusion in core U.S. equity portfolios. The ETF tracks the rules-based Renaissance IPO Index designed by leading IPO research firm Renaissance Capital. + +--- + +* TAN - Invesco Solar ETF is an ETF that tracks the MAC Global Solar Energy Index which market cap weights securities in the solar energy industry including all solar technologies, the entire value chain (raw materials, manufacturing, installers, solar plant operations, financing), & related solar equipment such as power inverters/encapsulates. + +--- + +* ARKQ - ARK Autonomous Technology & Robotics ETF is an ETF comprised of companies relevant to the theme of industrial innovation. Companies are expected to focus on the development of new products and services, technological improvements, and advancements in scientific research related to multiple industries. + +--- + +* CXSE - WisdomTree China ex-State-Owned Enterprises Fund is an exchange-traded fund incorporated in the USA. The Fund seeks to provide exposure to Chinese stocks where government ownership does not exceed 20% of outstanding shares. + +--- + +* GIGE - SoFi Gig Economy ETF is an exchange-traded fund incorporated in the USA. This ETF is an actively-managed exchange-traded fund that seeks to achieve its investment objective primarily by investing in a portfolio of companies listed around the world that Toroso Investments, LLC, the Fund's investment adviser, considers part of the "gig economy". +I guess I'm a little confused, because from what I understand, a bubble is when speculative increases in real estate prices reach a level that buyers are simply not willing to actually pay for, and when that leads to unprofitability in the real estate market, housing prices shoot back down. That first part seems to be exactly what's happening, yet I see so many pieces about "Don't call it a bubble! It's not a bubble! Buy now, prices will not go down!" But media on real estate seems to be absolutely flooded by pieces sponsored by fucking Wells Fargo or written by economists at Redfin, so I don't know *what* to think. Can someone explain to me how the decrease in home-buying due to increasing prices with no end in sight does not constitute a bubble in the making? Is there some nuance to this situation that means it differs from a typical bubble? Is there something about this I'm not understanding? +I remember around 2010 I used to hear a lot about BRIC and the respective countries' economic growth and their importance in the world. What has happened to BRIC and BRIC countries since then? + +In the media, Russia and China are largely spoken about in political terms now; India, I don't think, is spoken about all that often; and I never hear about Brazil anymore. + +Thanks +This study says it has: +https://www.nber.org/papers/w22945 + +But then the fred median personal income seems to disagree: +https://fred.stlouisfed.org/series/MEPAINUSA672N + +And there is a whole CPI vs IPD debate that I don't understand. +Thanks is someone can help me make sense of all this. +Periodically a well publicized trade on wallstreetbets will generate a new or renewed interest in options trading. We welcome constructive and civil conversation here from both experienced and novice traders alike. There are lot of knowledgeable folks here that love to discuss theory and strategy. + +A useful collection of information on many subjects can also be found in the wiki and at the top of the weekly safe haven thread. The weekly thread works best when we have a chorus of voices pitching in to help guide newcomers, so please visit there and participate if you aren't already. + +**Current week's thread:** + +https://www.reddit.com/r/options/comments/l4eemi/options_questions_safe_haven_thread_jan_2531_2021 + + +For the newcomers who are joining us due to the recent activity in GME, its important to know that derivatives are not magic money printing products; rather they are one tool of many meant to provide flexibility and liquidity in the market. As such, they have uses in a variety of strategies and can seem overwhelming and complex at first blush. It will take you some time and effort to become comfortable with them, so please give yourself some slack and don't dive in head first because of fear of missing out (FOMO). + +You'll see a lot of traders here talk about how GME can only go up from here, how it's not a pump and dump, the mechanics of gamma squeezes, and how this is unlike anything that's happened before. Many of us see these same discussions play out every few months for the "next big thing", and most of the time what goes up does eventually come down (see NKLA, TLRY, RKT, QS, etc.). + +While we can't and wouldn't discourage you from joining the fray, you should at a minimum give serious consideration to position sizing, max loss, and how much you are truly comfortable losing. Please don't mortgage your house to put on your first, second, or even 10,000th option trade. These resources will help you assess your risk. You can find these and more in the weekly thread. + + **Trade planning, risk reduction and trade size** +• [Exit-first trade planning, and a risk-reduction checklist (Redtexture)](https://www.reddit.com/r/options/comments/9at2fu/noob_thread_aug_26_sept_1/e4ywq0u/) +• [Trade Checklists and Guides (Option Alpha)](https://optionalpha.com/members/guides-checklists) +• [Planning for trades to fail. (John Carter) (at 90 seconds)](https://youtu.be/N5_OkdvPmUI?t=90) +Like the title says, I have an 8-unit in Gary, IN. The bank said they have other properties they’ve lent to in the area. My 8-unit cash flows very well, $3k/mo noi (not including the note.) with all of their included expenses. I passed the initial sniff test and the lender I was talking to sent me an email with an unofficial proposed financing so I could make sure we were on the same page with numbers. He’d refi me at $375k 5% putting me at a 1.41 DSCR assuming appraisal came back where it needed to. (Confident it will) +All systems were go. He was supposed to send me all the forms and such to get started but the email never came. +He called me today and said, we do not lend to properties that have section 8 or hud tenants. I’m not paraphrasing or filling in the gaps, this is an actual statement he told me. + +I don’t understand how a renter with guaranteed rent payment is a bad thing. Hearing such a strong and blatant rejection based on the people I rent to felt wrong. This just happened and I’m pissed about it. How dare they. + +This post is 50% rant, 25% cry for help 25% is this legal for a lender to do? +Hello people, + +I'm a 31M on a £28,000 salary in the east of England. I have been seing costs of my daily expenses skyrocketing during the last 4/5 months, and I have started panicking with my budget. + +I use to spend monthly: +£100 for fuel for commuting +£110 for groceries +£650 for rent +£100 for leisure time +£250 for monthly trip to Italy (my girlfriend is there) +.......which leaves me with circa £500 to save. + + +Now the budget for Fuel has gone up by £80 more, and trip to Italy has gone up by £120, byting heavily into by savings. + + +Have you got any tip, suggestion or advice on how to mentally deal with the current time? +Thanks. + + +Edit: +I have got a lot of suggestions and Ideas and I would like to say a big Thanks to everyone. + +I'll proceed in this way, starting from tomorrow: + +1- Start looking for a cheaper accomodation, close to our HQ. Lets hope I could kill 2 birds with one stone (low rent, fuel cost cut down) +2- Try again with HR, hoping for a payrise (I like the place I work in). +3 - Girlfriend will be visiting me from August on, as she has almost finished with her studies. So I'll be saving here. +4- I have started reviewing my CV....if point 2 doesn't go well, I'll start job hunting. +Join Emerge Canada for this event to be held on January 20th, 3:30pm ET. Emerge will be discussing the ETFs, the current state of disruptive innovation and the tax benefits of purchasing Canadian domiciled/listed ETFs. + +[Register here!](https://emergecm.webex.com/emergecm/onstage/g.php?MTID=e1e4de98b454743182cfd87e606589091) + + +So far over the last 26 years I have phoned, written, emailed, visited the bank in person, sent recorded letters, sent a letter from my solicitor contacted the banking ombudsman (only to be told this is outside their scope). I have spoken to the Bank Senior management team. +Who else can I contact? + +If this payment is in error is there a time limit and will I have to pay it back? I think I have gone the extra mile in taking reasonable steps to find out who it is. + +Has anyone else had a similar experience? +Hello people of Reddit! + +Are you tired of scrolling through Reddit, trying to find a coin you believe in which is worth investing into ? Do you wish you were early on one of the major cryptos? Do you want a project with an amazing community? + +&#x200B; + +A global pandemic has ravaged many and the world is crying out for a hero. + +&#x200B; + +SUPERDOGE is here to save the day! 🐶🚀 + +&#x200B; + +&#x200B; + +&#x200B; + +This is the perfect time to buy in! + +&#x200B; + +&#x200B; + +&#x200B; + +Over 150k + ALREADY donated to charities. (proof below) + +&#x200B; + +&#x200B; + +&#x200B; + +$SUPDOG is a deflationary meme coin that has a 6% tax rate on every transaction. + +&#x200B; + +2% is permanently burned from the total supply. + +&#x200B; + +2% is distributed to holders. + +&#x200B; + +2% is sent directly to charity wallet via smart contract with 0 % chance of fraud. + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +Team tokens are locked via DxSale. Liquidity is locked for 100 years. + +&#x200B; + +Partnership with Transform Group announced; Transform Group is the leading PR team in the crypto industry which has worked with many of the major cryptos, including Ethereum + +&#x200B; + +Already on Trust Wallet. CG and CMC applied for and expected VERY soon. + +&#x200B; + +Make sure to check out our super website: [https://superdoge.io](https://superdoge.io) + +&#x200B; + +Our telegram: https:// [t.me/SUPERDOGEio](https://t.me/SUPERDOGEio) + +&#x200B; + +Our Twitter : [https://twitter.com/SUPERDOGEio](https://twitter.com/SUPERDOGEio) + +&#x200B; + +The BSCscan: [https://bscscan.com/token/0x622a1297057ea233287ce77bdbf2ab4e63609f23](https://bscscan.com/token/0x622a1297057ea233287ce77bdbf2ab4e63609f23) + +&#x200B; + +The chart: [https://charts.bogged.finance/?token=0x622A1297057ea233287ce77bdBF2AB4E63609F23](https://charts.bogged.finance/?token=0x622A1297057ea233287ce77bdBF2AB4E63609F23) + +&#x200B; + +&#x200B; + +&#x200B; + +Fast briefing list of things coming up; + +&#x200B; + +1 .16kusd on certrik audit + +&#x200B; + +2. Listing - whitebit, bitmart + +&#x200B; + +3. CMC/CG applied already Monday hoping for listed. + +&#x200B; + +4. NFT airdrop for top holders + +&#x200B; + +5. Charity work on every 3 months + +&#x200B; + +6. Development of comic book and animated series,, also airdrop on top holders + +&#x200B; + +7. CEX listing - potential hotbit or kucoin + +&#x200B; + +8. Start their own charity foundation. + +&#x200B; + +&#x200B; + +&#x200B; + +Episode 1 of the SuperDoge AMA is now live on Youtube. + +&#x200B; + +[https://youtu.be/5uJeYRDRksc](https://youtu.be/5uJeYRDRksc) + +&#x200B; + +Episode 2 of the SuperDoge AMA is expected this week. + +&#x200B; + +&#x200B; + +&#x200B; + +As of right now in this very moment, $150,000 + USD has already been generated to our wonderful charities! + +&#x200B; + +Here are the charity wallets that are each receiving 1/3 of the 2% tax rate which is donated to charity. + +&#x200B; + +This is hardcoded into the smart contract and not able to be tampered with. + +&#x200B; + +[https://wellsbringhope.org/](https://wellsbringhope.org/) + +&#x200B; + +0x2A8500831745891D2aC01403Da08883be4D58b72 + +&#x200B; + +[https://www.childenrichment.org/](https://www.childenrichment.org/) + +&#x200B; + +0x7Dd4eAE167bc55F9EA5df729936Dcc69af0B54B5 + +&#x200B; + +[https://www.clarematrix.org/](https://www.clarematrix.org/) + +&#x200B; + +0xdDE25A762653baf7D53725010ab3901E6E527523 + +&#x200B; + +&#x200B; + +&#x200B; + +Twitter response from Child Enrichment Inc [https://twitter.com/CEI\_AugustaGA/status/1385624911167823872](https://twitter.com/CEI_AugustaGA/status/1385624911167823872) +Anyone buy a 2nd passport once they hit a certain net worth? If so, what NW level, what country and why? + +Nevis and St. Kitts, New Zealand, Grand Cayman, Turks and Caicos, Grenada, the Golden Visa for Portugal and others all have programs but there’s a trade off between quality of healthcare, tax laws, ability to travel etc. + +Anyone who did this I would be interested in hearing why they chose the country they did. + +Not interested in people who were born somewhere and then moved when young or had a grandfather in Ireland so just got 2nd citizenship there because it was easy. Looking for people who did this for a reason and were thoughtful, not for convenience. + +Thanks! +First of all, I am done with this subreddit. It’s really nothing more than a fever dream of trying get to a coin that’s going to make it big — obviously, this is the name. I think money chasing is a huge problem, and I have become quite addicted to finding a new token/coin that’s going to take off. Most of you are probably like me, I’ve got kids and all that, and I have spent noticeable time away from them looking for good projects to back. I’m done wasting my time. + +Second, DO NOT PROMOTE OR PARTICIPATE IN PUMP AND DUMP COINS. Promote coins with actual use cases and spare yourself the trouble. This is exactly why John McAfee is sitting in prison because he used his status to get people to buy coins and did not financially disclose his positions. Even if you’re a nobody, don’t promote pump and dumps. + +Making money isn’t worth paying your dues elsewhere. I have gotten out of all my deflationary/farming/yield coins and I think you should too. This subreddit has grown to be nothing more than shilling scam coins so my advice from someone who has been in crypto for a few years is: **Don’t ruin your life for money and obviously do not promote or participate in illegal activity** +I’ve been here since 2016 and I can tell you very confidently right now that this is nothing still. I’m not trying to be that snobby guy, I’m just saying this so that many of you newcomers don’t panic + +You newcomers are the future of this project and it is now that your faith in this project starts getting tested.Many of you (including myself) bought some ETH near ATH and its very frustrating to watch how the market is acting up right now but stay put. + +There are key elements that bolster Ethereum’s position especially for the long term.It has a TON of liquidity and all the major dApps and smart contracts are built on it. + +No other L1 chain has proven to be as reliable, decentralized and safe as Ethereum + +Whales are still buying ETH which is bullish asf cause these are the market makers. Open Etherscan and you’ll know what I’m talking about. Giants like BitDAO alone already have more than 200,000 ETH in their treasury and are buying on average 380 ETH daily. + +All of these factors combined make Ethereum a safe bet for the long term. So to anyone that’s panicking, don’t. Separate frustration and panic from each other and keep HODLing cause Ethereum is truly the pinnacle of crypto projects right now. +[Ford announced it will cut 12,000 jobs in Europe.](https://www.wsj.com/articles/ford-to-slash-jobs-as-part-of-european-shake-up-11561636169?mod=hp_lead_pos4) + +&#x200B; + +> The move is the latest example of a big U.S. car maker [retreating from Europe](https://www.wsj.com/articles/gm-couldnt-do-it-now-peugeot-tries-to-fix-opel-1508924273?mod=article_inline&mod=article_inline), which has high labor costs and is in the process of adopting some of the strictest emissions regimes in the world. +Who would have thought that we need such a thread so quickly again, but here we are. Keep your thoughts about squeeze #2 in this thread if possible. + +This is not an open invitation to turn this thread into WSB #2. Be thoughtful about your actions and continue to make this a great community. + +Here is a link to the last overflow thread: https://www.reddit.com/r/thetagang/comments/l79l0g/thetagang_overflow_thread_for_gme_amc_robinhood/ + +Here is the link to the earnings thread, that got replaced by this thread: https://www.reddit.com/r/thetagang/comments/lo7ngl/earnings_for_the_week_of_feb_22_2021/ +I started with 300k cash plus margin and since beginning of March my unrealized is down 25k (premium gains are approximately 10k) and it’s affecting my psychology. I know nothing is lost till I actually complete the wheel but I fear we haven’t seen the end of the crash yet and might be holding these positions for 10 years until they recover. + +I wanted to own the ETFs and stocks that I’ve been assigned so far and there is more that I’ll be assigned in the coming weeks but still knowing that it might take another 10 years to get back where I started is eating me alive. How do you cope with that ? +I'm reading an introductory textbook ("Thinking Like An Economist" by Mankiw) which fairly confidently makes the claim that reducing inequality also reduces overall economic efficiency, which is explained by means of the metaphor that dividing the economic "pie" into more slices also makes the pie smaller. + +The explanation given (that redistribution of wealth reduces the incentive to work harder) is difficult to disagree with, but there are many other factors to consider that don't seem to have been given equal attention. For example, it seems obvious to me that more unequal societies will present a greater risk of crime and civil unrest, which leads to a significant increase in spending on unproductive enforcers, such as police (e.g. Brazil), army (e.g. Venezuela) and overseers (all slave states). + +Additionally, if inequality reduces access to education and at least a little capital, then it is impossible for a huge portion of society to contribute meaningfully to economic development. To have millions of women, informal day labourers or ethnic minorities languishing in economic dependency or poverty rather than helping develop new technologies or businesses does not seem to be conducive to making the pie bigger, and I would have thought that was fairly obvious based on historical observation (i.e. that abolition of serfdom and slavery is associated with modernisation and societal affluence). I guess the economic jargon would be that you have an inefficient allocation of labour because the smartest and most able people aren't matched with the tasks most requiring their abilities. + +You can argue both sides of the coin about anything, and you sort of have to rely on facts for something like this, but either I'm missing something or the facts simply don't really reinforce Mankiw's suggestion. Of the countries that have lowest inequality measured by Gini coefficient (I know this won't be a perfect measure but thought it would be a decent way of viewing general trends), the top 10 ranges from the utterly destitute (Ukraine) to extremely affluent (Norway). They are mostly ex-communist states in Eastern Europe plus a few Northern European social democracies, and are broadly wealthier than the world average. Most rich countries are in the most equal third of the list, and the United States (the most unequal rich country) still doesn't crack the bottom 50. +So, all of the most unequal countries are poor, and most rich countries are somewhat equal, and even if there are still plenty of equal countries that are not rich, they are still almost all richer than the most unequal countries. To the extent that you can derive anything from this, I don't see how on earth you could extrapolate "when the government tries to cut the economic pie into more equal slices, the pie gets smaller". +Now, it's probably safe to assume that Mankiw is smarter than me, and this is a fairly common textbook so I assume the info contained is broadly uncontroversial, so what do you economists know that I don't? Is Mankiw's claim restricted to advanced economies, is there a different definition of inequality to what I used, is this relationship purely a short-term one etc? +*I'm not enrolled on a course so have no professors to ask, sorry* +I came across the following in an article about the US Dollar, and wanted a second opinion...what do you guys think about the validity and/or severity of the things described below? + +"As it is the WRC, other countries’ Central Banks NEED to have US dollars on their balance sheet. Thus, the US has to run persistent current account deficits in order to send out more dollars to the global system, on net, than it receives back. A major byproduct is constant large and increasing trade deficits for the WRC holder (in a fiat money system). + +This is what is known as Triffin’s dilemma: the WRC is HAS to run constant trade deficits. There are no immediate negative impacts, but in the long run this process is unsustainable, as the WRC country becomes unproductive (ever wonder why US manufacturing left) because the system forces the WRC holder to be a net importer. As world trade grows, the current account deficit/trade deficit grows, and the benefits (more goods to the US) and drawbacks (more dollars build up overseas) increase over time. Eventually the imbalance becomes so great that something snaps, just like it did for the [Pound post WWI](https://www.economicshelp.org/blog/5948/economics/uk-economy-in-the-1920s/), where policymakers chose the route of deflation in 1921, creating a Great depression for the UK long before the US ever experienced it." +IMHO the only reason the short sellers are still alive is the whole financial industry colluding against retail, because they all together created a massive pile of ticking timebombs and GME is just one of them. They desperately try to suppress any of them blowing up, until they have a scapegoat like Evergrande (interesting how there are suddenly no news, if they defaulted or not) and more control over liquidation procedures. That might be the only way to prevent a 1929 scenario - and likely the reason, why neither the SEC nor RC/Gamestop can interfere right now. + +**One thing to keep in mind is NSCC-2021-10....** + +We have seen Blackrock selling half of their 9M shares lately: + +[https://fintel.io/so/us/gme/blackrock](https://fintel.io/so/us/gme/blackrock) + +**Why would they help their enemy ???** + +Well, NSCC-2021-10 is the final "crash protection" rule it seems. It also includes auctioning for defaulted members assets by sponsored members as I get it. So I guess Blackrock has a very high interest to ensure, that there will be no crash/MOASS before they can have their share of the cake (and protect the trillions of dollars in assets they have in the markets). And if someone is able to stall MOASS for some time, it is Blackrock. Nonetheless even they already burned through half their shares, also not sure if the rest is not bound in some derivatives. + +[https://www.sec.gov/rules/sro/nscc/2021/34-92860.pdf](https://www.sec.gov/rules/sro/nscc/2021/34-92860.pdf) + +New date for decision about **NSCC-2021-10** is **10th of November. And no, this is no hype date!** + +This is almost 400 pages of legalese, but there was an attempt to figure out the meaning of all the changes: + +[https://www.reddit.com/r/Superstonk/comments/or2r9y/the\_moaff\_the\_mother\_of\_all\_fcking\_filings/](https://www.reddit.com/r/Superstonk/comments/or2r9y/the_moaff_the_mother_of_all_fcking_filings/) + +**Remember, they still have to buy back all phantom shares to close their positions. This rules will hopefully prevent a market crash, but in the infinity squeeze our end boss for infinite tendies was always the NSCC/DTCC. It just seems they opened a portal for us to directly access his chamber, because the mini bosses shit their pants and are desperate.** + +So effectively nothing has changed and DRS is still the way. They need to shake enough retail out to ensure there will be no infinity pool, thus no infinity squeeze. I think now is a good time to look at the PsyOps strategies Big Money is using. We all remember that "**Korean Ants**" and "**Crypto Allies**" and now "Shout to all" - right before a run-up. They might use that to mask their intentions and the excitement to draw in some new inexperienced investors, which are their prime target, because they likely paper hand. + +I have tried to inform people about this blatant manipulation regarding the current crypto rip, but unfortunately not many took a closer look: + +[https://finance.yahoo.com/news/bitcoin-drops-investors-buy-22k-134120409.html](https://finance.yahoo.com/news/bitcoin-drops-investors-buy-22k-134120409.html) + +**Yes... right before the RIP, they lured in retail short sellers, who thought it will be a safe bet to short crypto, that was dropping from its heights for 3 months already - from 63k to 30k.** And then they blamed the RIP on institutional short sellers getting squoze, while in reality Big Money squoze mostly retail investors. Big Money has deep pockets unlike retal. They can absorb massive price swings or even buy stuff just as "cost of doing PUMP and DUMP business". Lets see, what will happen till end of the year and if they let those expire worthless, or suddenly massive FUD and a massive price drop, when they will short right from the top. + +*On Sunday, 500 contracts of the $22,000 put option* ***expiring on Dec. 31*** *changed hands via the institution-focused over-the-counter (OTC) desk Paradigm. Similar volume crossed the tape for the $20,000 put expiring on Dec. 31.* + +So... what about that latest BBBY and "Shout to all" - RIPs ? + +**I think the BBBY story was likely a setup (look at date):** + +[https://www.benzinga.com/news/21/11/23799305/why-bed-bath-beyonds-stock-could-slam-short-sellers-yet-again](https://www.benzinga.com/news/21/11/23799305/why-bed-bath-beyonds-stock-could-slam-short-sellers-yet-again) + +Who knows, if they do not have plants in BBBY management, like they did in Gamestop management. Seems that is often part of the plan for them. + +**Now we have a Cramer article:** + +[https://www.cnbc.com/2021/11/03/cramer-warns-shorts-about-reddit-crowd-over-bed-bath-beyond-squeeze.html](https://www.cnbc.com/2021/11/03/cramer-warns-shorts-about-reddit-crowd-over-bed-bath-beyond-squeeze.html) + +Would not be surprised, if they would try to drop the price massively now, despite any potential Gamestop announcement. Todays and yesterdays bars look exactly like the PA from the June top. + +Personally I think, they might not be able to control the run up on 22nd+ anymore with more and more DRS and rule changes and likely lower and lower margin ceiling. So the only window of opportunity for "shaking the tree" is right now. No guarantee it will happen that way, since we can not read their plans the same way like they can read our posts here. Maybe they just need to brace for the NFT FOMO. + +In any case, I think the BBBY run-up might have been an attempt to drain retail of some buying power before a potential announcement with FOMO potential today, 5th of November. That way it will be more likely, that they can succeed in dropping the price back to support and beyond in a desperate attempt to shake out enough retail. Remember no Stop Losses and no Margin accounts... they might get you with a fierce, but short lived dip. **Because the lower the price, the higher the retail buy power per paycheck... 600 USD is only 3x200, but 15x40!** + +[https://eresearch.fidelity.com/eresearch/gotoBL/fidelityTopOrders.jhtml](https://eresearch.fidelity.com/eresearch/gotoBL/fidelityTopOrders.jhtml) + +For a short time GME was indeed below 50% buy ratio, so some paperhands sold on top. Many apes buy on CS nowadays, so the data is tilted to the average Joe investor, not apes, though. But they know the average and uninformed retail investor typically sells right after the first sign of green after a long period of red. And those are also likely to FOMO right back on top, just to get screwed by Big Money again. **Don't play games you can not win - Buy, Hold, DRS is what makes their PsyOps ineffective and the only safe and effective way for retail investors in the markets.** + +All this is no financial advice, just some personal thoughts I wanted to share. It is important, that new apes will not be nervous, if GME would drop a lot or another MEME stock would fake squeeze. Because Gamestop is an awesome investment even without a short squeeze. + +**Especially, because we have a rather small number of issued shares...** look at Amazon as example - over 500M shares issued, but trading around 3500 USD! So without share splits, we might see even five digits long term, once Gamestop starts to roll and makes most of their money in new technologies, rivaling Amazon. + +Last but not least, I personally think the MOASS can not be suppressed forever. I think nobody wants to see a market crash of 1929 proportions. It is not retails fault, that Big Money got greedy, but when retail makes a mistake, we are liquidated mercilessly. And so should Big Money - we want our money back! The money stolen in 2008 and with all the market manipulation we have discovered lately. It seems the whole financial industry colludes against retail right now, but same like Tesla, Gamestop rocks. It is like investing into half a dozen unicorn startups at the same time and soon even the average Joe investor will get the message. Short sellers will bleed like a waterfall and will have to close their positions at some point. They are just complacent, because they have been winning all the time with their bullying practices in the past. + +**There are so many potential triggers for a MOASS.** + +\- Once Gamestop pays regular cash dividends, they will have to match them for every phantom share, while retail will buy even more shares from the extra cash. + +\- Once Gamestop reveals more and more projects, even the last retail investor will understand, that Gamestop is no longer just Brick and Mortar. And institutional investors will have to pile in, if Gamestop grows and moves into the big indices. + +\- DRS will eventually remove all shares from the DTCC. + +\- Kennys investors can leave each December. And no fund and prime broker can afford to carry an ever growing bag of liabilities forever, they all have to make money for their investors and shareholders. + +\- Still a lot of DOOM Puts in January... last expiries seem to have caused trouble already, did the margin ceiling drop too much? Well, then lets see how they will like January expiry in their books. + +\- Crypto dividends or even creating an own market place, withdrawing from the DTCC like mentioned in the prospectus. + +\- SEC is slow, but Gensler seems dedicated to clean up the mess (without causing a crash). Maybe **NSCC-2021-10** is what they are waiting for to be able to make a move and prison is finally on the menu. + +\- RH trial is stirring up some interesting sh.t, at some point the average Joe investor will figure out, how much they have been screwed up in 2008 and ever since... and if they do, nobody will be able to stop the Tsunami. It will wash away all the corruption. + +I could go on for hours, but I guess you get the picture. There is no specific date, but the greed of Big Money has created a Black Hole in the markets. Eventually it will consume even the largest bodies - simple logic. As stated above, this all is not financial advice and only a personal opinion. + +**TLDR:** Proud and honored to be part of the strive for fair markets and against manipulation and corruption with all of you. Just continue to spread the word and eventually change will come. + +I am sorry, but what I posted is kind of TLDR from months of work of the whole community, just trying to put some puzzle pieces together. So I hope some of you will indeed read that wall of text over the weekend 😉🚀✨🌒 + +**Edit: one more important thing**, please support this project, otherwise Big Money will tell the story their way, instead of us telling the true story: + +[https://www.apestogetherstrongdoc.com](https://www.apestogetherstrongdoc.com/) + +[https://www.reddit.com/r/GME/duplicates/mgoo4a/update\_question\_who\_wants\_a\_real\_documentary](https://www.reddit.com/r/GME/duplicates/mgoo4a/update_question_who_wants_a_real_documentary) +Ryan Cohen, as Chairman of the Board of Gamestop, most certainly knows the full plan for the GS turnaround. This information is material non-public information on the stock. If he were to purchase even a single share, he could be accused of insider trading, and rightfully so. + +By purchasing another allegedly unrelated company, he is able to invest his money and put pressure on the short sellers. I think this move confirms without a shadow of a doubt that RC is truly the destroyer of shorts - regardless of what Musk may call himself. + +I think there are way more moving parts behind the scenes on this deal, and we will have to wait to see what happens. I know I am excited. + +GME is still the play here, but if you do choose to buy any bedbath, remember to DRS your shares. + + +Edit: I think some people are mixing some things up. Directors and officers are certainly allowed to but stock in the company they represent. Where it gets dicey is when you have a non-public roadmap. Even if you pre-clear or trade within a window, anything that sets off MOASS other than a business turnaround will be scrutinized at every level of the regulatory side of things. I think the argument can certainly be made that currently the board possesses non-public information. That information could lead them to trouble if they were to purchase stock at the current time. +Must be crime Must be crime Must be crime Must be crime Must be crime Must be crime Must be crime Must be crime Must be crime Must be crime Must be crime Must be crime Must be crime Must be crime Must be crime Must be crime Must be crime Must be crime Must be crime Must be crime +We trade for a while and always try to be up to date with the stocks everyone is talking about. It was a pain to read all the articles, news, financial statements, and posts ourselves. Such a lot of time taken beside our full-time work. + +So we're developing a service for it and would really appreciate your feedback. This is an AI-driven scanner that finds stocks that are trending or have the potential soon to become trending. + +Who we are? IT specialists who teamed up because we want to spend less time for trading and more time for our family and work. + +Please tear this idea apart in the comments (or maybe give us a suggestion). + +**TL;DR:** Scan social media, blog posts, news, company's product reviews, and financial statements about stocks that are going to become trending; Let AI say whether people talk about selling or buying more. + +### Find hidden gems by get the thoughts all over the world scanned + +Our philosophy was to find penny stocks that would uplift in times. On the market, you can find thousands of penny stocks. Some of them fly up to the moon every day. Why not find and trade them while it starts to become trendy? Why not be ahead of thousands of people that would come to trade as well? + +We noticed that before stock price raises, it's mentioning in social networks is growing several times. News portals and bloggers would only get the fact of what trend appeared. + +We want to catch this wave of hype when it only starts to grow. + +Now we have a small prototype that already yields some stocks. There are successful cases, e.g. $ATOS and $ZOM (NASDAQ) in January. But for ATOS we've made only x2 (it grew up to x4) while ZOM has shown us good stable growth with good x4 profit. + +Now we continue creating the AI that would grab information from all the articles, statements, and blog posts. It analyzes all the thoughts and we get insights based on the dozens of opinions and statements. + +### Where do we get the information + +There are several places: + +* all the darkest corners of Twitter, Reddit and other social media +* we put our favorite bloggers posts and feed our AI with it, you can add your favorite as well +* we look into reviews of users about products or services whether they changed for better or worse + +We can analyze info even in a foreign language. Can you translate the article from Italian or Russian at the moment? A computer can do it in milliseconds. + +### Why penny stocks + +Everyone around writes about those symbols. And they are getting traded for seconds by robots after new Twitter posts. Retail investors would never have time to earn on them - they have only opportunities to earn at the end of price movement. + +And there are much more factors that handle the prices of the big stocks. The more people trade them, the more factors influence the prices and it's harder to predict big movements. + +We choosing the easier way - penny stocks that don't have much capitalization but do have more flexibility in a price change. Penny stocks provide more opportunities for retail investors to earn the money. + +### Case you heard of + +GME. This precedent just pointed to the possibilities that had always existed on the market. But it wasn't the only such symbol. + +You heard about it just because it's the only one with hundreds of percent raise in a short time by dozens of thousands of wallstreetbets subscribers. + +People who would know about the GME before the news boom would make a lot of money on it. But they didn't because they would never know what this company is. + +There are dozens of similar stocks every week that people start to talk about and then see them in trending news. + +### Plans + +Now we develop the ML to make it catch intense about the stock. + +And one more step is to let this machine make orders itself to make it almost fully automatic. + +What do you think? Would you use such a service? What do we need to improve? +I’m in my late 30’s. Married with 2 kids. I changed careers 3 years ago and since then have done well enough that I’ve paid off all my debts, bought (mortgaged) a house, and leased a car. + +I’m finally in a position to save for the future, but don’t know where to start. My wife and I live in Canada, and collectively make ~ $100k/year. Neither of us have any retirement savings. Where should we start? +When I was 18 someone stole all my CDs. I had quite a collection. + +Seeing the hype around the Wu-Tang album has cemented a picture in my mind of a company who could change the artistic IP world for the better, and in the process become the most valuable company on Earth. + +Imagine if every movie, video game, and album had a limited production quantity. Video game console creators historically have done the best job keeping pirates from flooding the market with counterfeits. Movie and music producers have been far less successful, and the problem has devastated the industries. + +I wrote some IP once, a utility patent. All the work I put into that gave me immense appreciation for those who seek to protect their intellectual property. I’ve also had my shit stolen back when I had shitty friends and shitty neighbors. So it bothers me a LOT when people steal MY shit. + +Imagine a world where people can’t steal your shit! + +Ryan Cohen if you’re reading this, what you’re doing is brilliant and amazing and you WILL go down in history as Earth’s greatest human. + +GameStop will introduce its NFT platform by selling rights to play the Wu-Tang album as an NFT. Same with movies and video games. GameStop will be the platform to buy, sell, and trade everything that is more or less intangible. + +What’s another intangible asset? Shares of a company. + +Bigger than Amazon? oh yes. Bigger than the Amazon and the motherfucking DTCC combined. + +Not financial advise. I like the stock. I like the socks. +Is there something missing from Mint, Personal Capital, YNAB, or other tools? Do you not trust them? Did you spend so much time getting your spreadsheet "just right" that you can't dare abandon it? + +To be clear, I'm not shilling for any of those, I'm just genuinely curious. And I wonder if it's something specific to this community and their investments (e.g. how to value your business)? +Made my first offer on a unit (Melb, Pre Auction) yesterday and lost out to due to the vendor preferring an unconditional offer. The agent was super super pushy to get me to sign an unconditional contract which I just wasn't comfortable doing. +Moving forward am I going to have to accept unconditional contracts to stay in the game? +The fact that this seems to be standard practice for what is the largest financial decision you are going to make in your life seems insane to me!?! +I’m in my late 20s and own a home in suburbia. Bought for 365k and now it’s estimate is anywhere from 535k-570k. I’ve been in for just over 2 years so I would essentially have roughly 200k-250k in tax free money if I sell. Only thing is I have a once in a life time rate of 2.2% interest on a 15 year loan and feel like taking the cash would be a dumb idea in the long run. + +Personal issues with the house is that I went thru a rough breakup earlier in the year and being single in suburbia is pretty damn awful. Not to mention that this was “our” house even though I owned it outright, so there’s a lot of memories here and I just want to close that chapter of my life. This is part of the reason I’m against renting it out, along with the constant need of having to keep a rental property running. + +I’ve talked to multiple people about this and it’s been 50:50 on their responses. Is the mortgage too good to walk away from or am I dumb for not taking the money? + +Edit: adding in extra info on the scenario: + +Other considerations: I’m currently commuting from suburbia to grad school in the city (25-40 mins 2x a week) so I would rent something closer, I’m ok with a higher rent, all my friends live near where I’m looking to relocate if I sell, I make enough and have enough savings to cover moving/closing costs comfortably, family member is a realtor and is willing to help out with the fees. +In 2019 I made just just over $12,000 and I have around $25,000 in debt, with over $20,000 of that being credit card debt. I'm a full time student going to community college and I work part time making minimum wage plus commission though the amount I make from commission is negligible. I come from a wealthy family but I have been financially independent for about 4 years now. My lifestyle has not changed from when I was supported by them and I never realized just how bad my debt was until I was doing my taxes this year and could see it all together in one place. I'm currently living by myself, though until about a month ago I was living with my girlfriend who was making around $70,000 a year. We've been dating for 6 years so I guess I've also been using her income as if it was my own. She comes from a much more wealthy family than mine and her spending habits are much higher, though still within her means. I've essentially been spending money like I make as much as her which is what got me into this situation. I'm now spending much less than I ever have before but I know that I'm going to need some help with this because I am completely overwhelmed by the situation I've put myself in. Any advice on my situation would be greatly appreciated! + +Edit: I’m currently at work but I see that this post has really blown up, I haven’t had a chance to read all the new comments but I appreciate everyone adding to this post! I should get home at around 9:45 EST and will be able to read/respond then. +I will write this partially for therapeutic reasons and also to hopefully help someone else who might read it, as I have benefited from reading other peoples posts. + +It is too easy to get caught up in what we see online and people posting huge balances or how much money they have made that it can entice us to try the "get rich quick" approach which should never be a goal. As someone who has lost a significant amount taking risky investments I am now 32 and starting over from scratch. I am fortunate that I own my own home (though no equity) and a decent paying job but in this situation I now feel like "If only i didn't lose that money and had just left it in the market I would have XXXX, maybe I should try to just make that back and then follow the plan" which is the dumbest approach ever. The reality is I will continue to lose as will most others and then have this same situation but now at age 40 or 50 with a lot less time to recover. + +Back to the title of the post it doesn't matter what happened in the past or what you could have done or should have done and instead the best time to get it together and start making the right choices is right now. Over time we will also develop the habit of being financially responsible which helps limit future self destructive decisions which is key since you can undo a lot with just one year of dumb decisions. + +For me I have taken the following actions that I would encourage others who might relate to this post to do the same. I closed any type of trading or margin account and moved my money completely into my company plan for retirement accounts, this way it is off my pay check each month and more difficult for me to close it or withdraw the money and I am limited to low cost index funds in that account. My other account is now through my bank, which has a boring website but psychologically better, and is a cash only account without ability to touch options in addition to no margin. Lastly, I accelerated my mortgage payments to rebuild equity in my home and force a certain level of limited spending on me. + +The reality is with 10-20K a year in various savings you can be financially set by retirement and gambling for some incremental increase in networth won't improve that future at all. + +I wish i made these decisions at any point before today but now is the best time available to start. If you want to get rich, do an extra job, improve some skill or try a side business but do not use the market as a casino as you will lose eventually with that approach and also develop bad habits that could destroy your finances later in life. + +Hope this didn't come off too much like a rant and maybe someone will read this and relate enough to start making the right decisions now instead of later. +I've dabbled here and there. But there are all these corner cases where I don't know what to do. Also, I'm not sure mix and matching advice from various posters on this subreddit is the smartest thing to do. + +Can anyone recommend a book? Or an exhaustive YT channel? +My mom's estranged father passed away recently in a motorcycle accident (death was in TX; he is from AZ) leaving ~$7.5K in credit card debt. He is single and has two grown children, both in their 50s. His assets include ~$2.5K in checking account, a ~$13K truck, and a ~$3K (homemade) travel trailer. My parents want to liquidate his assets to cover his debts (saying "it's the right thing to do"), but I urged them to just keep the cash and submit a death certificate to the credit card company. I told them under no circumstance are they to assume ownership or make payments for this debt. However, they are afraid if they keep his assets creditors will come after them for the debt. Do you all have any advice or resources I can give them? +Currently I have couple of ETFS: +VOO +VTI +QQQ +QQJ +ARKK +BND +SPHD + +I also own some single stocks +——————————————————————————— +*I’m thinking of just getting VTI and VXUS for now and later in my mid 40s I add BND and keep it simple.* + +————————————————— + + +I currently overlap a lot. Any advice is useful. +I’m kind of a newbie that has been investing for about year now in a Roth IRA putting like $45 dollars/mo in a portfolio holding VTI, VOO, BND, VT. I want to branch out and get into growth ETFs through a brokerage account. The four ETFs I have chosen for my portfolio are VUG, QQQ, ARKK, VTI. I plan on holding and buying these for 20+ years. Are these good growth ETFs? Let me know what I’m you think. Thanks! +Apologies if this is a noob question. I am somewhat new to REI. + +I bought a rental SFH in Huntsville, AL earlier this year and had a tenant in the house after a month. + +Today my PM told me that tenants are interested in buying the house. I said I would consider it for the right price. + +&#x200B; + +If you were in my spot, how would you structure the deal to maximize profit? Is lease to own a good option? or should I just sell it for an appropriate amount of profit in a conventional sale? +Hi I bought my first house almost two years ago now and I am planning on renting it out soon. I live in a small city of around 5,000 people, and my fear of the future is questioning what would happen if I couldn’t find tenants to rent the house to. I’d be using a property management company which I know would make it much easier to acquire tenants, but what if on the off chance I wasn’t able to find any for a while and the property become vacant? It would become a money hole and I’m trying to prevent that and also curious if anyone has had problems finding tenants for rentals or if it’s a pretty easy thing since it’s in high demand. + +Side note - is there any good websites for figuring out previous rentals that are now occupied to see how the rental situation is in the area I live in and how fast houses get rented? Thanks! + +Update: thanks for all the responses so far guys! It’s been quite a selection but I really appreciate the ones giving genuine advice like how lowering price helps, the state of rental markets and how to find quality tenants. To the ones saying “you should’ve had all this stuff figured out before” on a property that originally wasn’t meant to be a rental I hope you guys find better things to do with your time! Thanks again to all the helpful responses though!! +Is anyone here a profitable fulltime trader earning their bread and butter from trading currencies? Or are we all being bamboozled by greedy brokers and banks. Do we have a chance in the market, or are we just useful idiots that provide liquidity for banks and hedge funds to profit off us? I'm starting to believe that it's all bull, if anyone here is or knows of a successful fulltime trader let me know. +The age old question of how much money is enough… Often thought of in the way of how much do I have to have to retire, or others never retire and always look to grow wealth but have a goal in mind. + +Have spoken to people who say they want to be able to retire in a comfortable house and have enough money not worry about the cost of a coffee! All the way from having to worry about price of electricity to the price of a luxury hotel or international holidays every year. + +What say you? +Source of the latest GameStop announcement: https://news.gamestop.com/static-files/33c3ed1d-f47e-403f-81f7-9b75d3cf1adc + +Apes, it's important that we read from the source of information before arriving at conclusions and posting to reddit. Remain skeptical, **always**. + +The latest PROSPECTUS SUPPLEMENT states the following: + +>We **previously** entered into an Open Market Sale Agreement^SM, or Sales Agreement, with Jefferies LLC, or Jefferies, **on December 8, 2020**, relating to shares of our Class A common stock, par value $0.001 per share, or common stock. In accordance with the terms of the Sales Agreement, we may offer and sell shares of our common stock from time to time through Jefferies, acting as our sales agent. Under this **prospectus supplement** and the accompanying prospectus, and in accordance with the terms of the Sales Agreement, we may offer and sell shares of our common stock having an aggregate offering price **of up to $1,000,000,000 (but in no event more than 3,500,000 shares of our common stock)**. **On December 8, 2020, we filed a prospectus supplement relating to the offer and sale of shares of our common stock under the Sales Agreement having an aggregate offering price of up to $100,000,000.** We have not sold any shares of common stock under this previously filed prospectus supplement, **which is replaced and superseded in its entirety by this prospectus supplement.** + +The [previous prospectus](https://sec.report/Document/0001193125-20-312805) had no cap on total shares that could be sold, but it does assume that the sale would be roughly 6,116,207 shares for up to $100,000,000. This [new prospectus](https://news.gamestop.com/static-files/33c3ed1d-f47e-403f-81f7-9b75d3cf1adc) (which replaces the previous one) does, however; cap the total shares that can be sold to 3.5 million shares instead AND does so for up to $1,000,000,000. + +As far as I am concerned, they just increased the maxiumum cost of their shares available for sale. Why would they consider _possibly_ $100,000,000 for _possibly_ 6 million shares when they could consider _possibly_ $1,000,000,000 on _up to_ 3.5 million shares instead? + +This tells me that they value their shares a LOT more now than they did back at the end of 2020. This is a good sign to me and _extremely bullish_ news. + +[Also...](https://www.reddit.com/r/wallstreetbets/comments/mi9hdf/gme_yolo_update_apr_1_2021/) + +_*Opinions expressed are entirely my own. Do your own research before arriving at conclusions - I could be entirely wrong here. The contents of this post do not constitute financial advice. The contents of this post are for entertainment purposes only. 🚀 🚀 🚀_ + +-------- + +Edit: Apologies for the typo in the title! Previous prospectus is from December 08, not 2008. 🦧 + +Edit 2: Thanks to u/leetodai and u/Navigator161 for pointing out the previous prospectus was for an assumed 6 million shares. Feeling even more bullish now. + +Edit 3: DFV's latest tweet seems to _corroborate_ this DD: https://twitter.com/TheRoaringKitty/status/1379071447633698819 +I do not work in finance and have some pretty basic excel skills. When we got married I decided it would be neat to see just how we were doing every month. So... I've been tracking my net worth for seven years and while monthly gains are often unnoticeable - it is obvious what is happening when I look at the corresponding graph. + +My spreadsheet (linked picture - not actual sheet) shows percentage assets in everything from liquid assets (24%) to my kid's education fund (1.9%). My favorite part is seeing the debt line go down. + +My suggestion to others is - if you are having trouble picturing where you want to be (or where you've been) make a graph. It keeps me on my toes to maintain my investments and shows me how paying off debts really helps the "familial bottom line." Keep chugging along - and invest your money - most of my gains have been in the market. Every little bit helps in the long run! + +I am more than open to suggestions on how to make this better! Enjoy! + +Graph:http://imgur.com/a/rylVT + +Monthly Spreadsheet: http://imgur.com/a/fkwuE + +edit. Since a few have asked - we don't have a budget. We just spend what we have and have our bills/savings taken out automatically. Could we do better? Yes - but I think we've been doing okay as is so I don't have a strong desires to change anything. + +edit 2 - I've been asked by reddit mods not to share my spreadsheet due to security risks, both for myself and reddit. thanks for understanding! +My fiancé and I were dealing with family issues and couldn’t get a loan from a bank due to our less than ideal credit score. We wound up getting a shark loan at an astronomical interest rate. We have been paying back the loan and have exceeded the loan amount in payments, but the amount due keeps rising. We originally borrowed 1600 in late August and are now up to 2000 due and have already paid 2200 into it. Is there anything that can be done? Is defaulting and taking it to court to fight for paying just principal an option? +Today I trade about 55 ES futures contracts when I switch between long and short in my strategy. My current trade execution algorithm is pretty dumb, I place a limit order 0.25 cents below the last traded price. I'm guaranteed at least a partial fill there, but unless the trade is executing in the first or last hour of cash trading session, it usually does not fill completely. Then I wait 2 minutes, and if it still has not filled, I adjust the limit order again to 0.25 cents below market price to get more fills. I continue this 2 minute adjustment and waiting until the order has completely filled. The longest this has taken is 5 cycles during low overnight liquidity, and 3 cycles during cash session. + +In the end, my fill is usually somewhere between 0.25 and 0.5 different from the market price at the time my bot decided to trade, not too bad. But what if I were trading 10x this amount, 550 contracts? Especially during non-cash session hours, I'd be incurring major slippage of a few dollars on average which would really hurt my strategy's returns. I suppose I'll have to program the bot to trade less frequently and hold off until cash session for more liquidity or at least only try to partially scale in overnight? + +I only have 1.75M right now, but my strategy involves always being either 3x long or 3x short which is how I get to the 55 contracts (it has to go from ~27 or 28 contracts long all the way to 27 or 28 contracts short for 55ish total). What if I were trading 100M? I've tracked liquidity in the order book and even during the most liquid hours of cash session, there's at most 2500 contracts within 10 buy levels ($2.5 of market price), and often as little as 800. This means a single market order for 3200 contracts that my current strategy would trade with 100M capital would move the market $5-$10 which would obviously kill my profitability. I don't yet have this problem, and my strategy would be fairly profitable up to about $2-4 in slippage, but I'm planning ahead so I can solve this problem ahead of time. + +**TLDR** How to implement large trades in futures? Is there a better method than simply splitting trades into smaller chunks over an hour and keep adjusting limit prices to the market? + +**Edit** Thanks so much everyone for the comments and ideas! I have a lot to learn on this front as so far I have focused almost all my attention on the strategy itself and not the execution beyond the basics. I'll be looking through these ideas and responding over time as I have questions or something useful to add +Hello there, + +newbie here and my question is as follows: Is there a way to get an (relatively) exhaustive list of all stock tickers for which I can download data from yahoo finance? I use this python package to download data from yahoo [https://pypi.org/project/yahoo-historical/](https://pypi.org/project/yahoo-historical/) so it would be beneficial if the format of the tickers would work with this package, but I am also happy about other suggestions. Given my inexperience, I am pretty sure that there are better solutions out there + +&#x200B; + +Background: + +Currently, I am working on a small private project in which I want to enhance my hand-built stock portfolio based on a small number of stocks (<10), based on portfolio optimization and ML predictions about their future performance. In order to find such stocks, I want to try out a large number of stocks and find those that minimize risk when incorporated in my portfolio. + +The final selection would then still be performed manually, meaning that I only want to use the indications from the optimization/predictions as a helping measure. Hence, this is not a real algotrading problem, but I still thought that this would be the right subreddit to ask this question - any input is appreciated!:) +I have a question about backtesting for those of you already more familiar with the topic than me. I understand survivorship bias needs to be taken into account when a strategy for equities is to be applied to a group of stocks that somehow belong to a definable group, such as an index. However, is anything inherently wrong with backtesting a strategy specifically for a single stock in order to have it execute exclusively on that stock in a live environment? Does backtesting done this way somehow produce results that are not to be considered realistic for any reason? +Hey everyone, I'm a developer at QuantConnect and we've been working on some different ways to measure strategy performance for our Alpha Streams project. We want to get feedback on our latest one: the [Probabilistic Sharpe Ratio](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1821643), which we paraphrase from the original work linked above. + +As most people know, the Sharpe ratio is a widely employed metric and is likely the most popular tool to measure investment performance as it characterizes risk-adjusted excess returns and is an easy metric to compute. However, despite its popularity, the Sharpe ratio has some significant limitations. The implied assumptions of the Sharpe ratio are that returns are independent and identically distributed (IID) Normal. Unfortunately, these assumptions can be misleading and hide considerable risk in the case of strategies whose returns demonstrate significant non-normality. + +The reason to apply the Sharpe ratio is to evaluate the skill of a particular strategy, which is assumed to produce returns from a specific distribution. Since the true function that characterizes the distribution of a strategy's returns is unknown, the actual mean, variance, and distribution are also unknown. Because of this, the *actual Sharpe ratio* of the strategy cannot be known for sure, and the observed Sharpe ratio, then, is a *point estimate* and is subject to estimation error. Skewness and kurtosis of returns do not affect the value of the observed Sharpe ratio, but they have a significant impact on the level of estimation error and, therefore, the statistical significance of the observed Sharpe ratio. Infinite different returns with infinite different distributions can produce the same Sharpe ratio, but the level of *confidence* that the observed Sharpe ratio is a result of investment skill varies. So, although different strategies can produce the same Sharpe ratio, they vary in the statistical significance of that estimate, which is an essential factor when considering the viability of an investment strategy. + +Like any estimator, the Sharpe ratio has a probability distribution, and [Mertens (2002)](https://4310b1a9-a-8478db84-s-sites.googlegroups.com/a/elmarmertens.com/home/research/discussion/soprano01.pdf?attachauth=ANoY7cqrusKvhadSOeG2swxKcuCJCMZmsmgK7gz3SIK62DjbyBnmjdYW7SkEgrzM0QSgPCrgK7dT7NGU9JuVsaFWDNxTe-Ul1byewmRsy1gXFvgUesguDRelLpBNoZ_6pxqFamfnztmYdMeaKBb9U4GG0rAwyxy4wyFyJcTeiaUmV2IRV85H3Krv4_gBCr0DEl2yjlPFemttbukrps0DhnrQQD-v7GFT0qZpAW8il718F-hA-yO2UB4%3D&attredirects=1) shows that the Sharpe ratio estimate follows a normal distribution, even when the underlying returns are non-normal. Then, by applying the cumulative distribution function to the number of standard deviations that the difference between the estimated Sharpe ratio is from the benchmark, we can calculate the Probabilistic Sharpe Ratio. The PSR, then, is a *probability* measure associated with the Sharpe ratio calculated from a sample of returns. It informs us of the probability that the estimated Sharpe ratio is higher than a chosen benchmark (i.e.whether or not the estimate is statistically significant). While the Sharpe ratio is a way to measure the performance of a strategy, the Probabilistic Sharpe Ratio is an atemporal measure of strategy performance expressed in terms of *probability of skill* beyond a given benchmark. + +Has anyone else applied the PSR in their trading or research? Was it informative and did it change anything you did that the regular SR might not have changed? Please let us know your thoughts, any questions or feedback you have, or other ways that you measure strategy strength or performance. +Hi everyone, + +So many of the assumptions we take into life come from things we learn via osmosis from our parents. I'm interested in how the upbringings of people in this sub have influenced their views on money &amp; finance now. Are you frugal or a loose spender, do you gamble, never touch a drink, or invest in property over stocks, primarily because of something you saw in your parents growing up? + +Personally, I grew up in a house with a unique financial situation - we were very much battling week to week. My mum was from a well-established family of professionals and public servants, my dad from a long line of labourers and working class battlers. With this view, we ended up cut off from my mum’s side of the family, subsisting on dad’s wages as a factory worker and mum’s part-time wages as a cleaner. + +There was a moment that changed everything, however. Mum took my brother &amp; I out one summer day and realised she didn’t even have enough money to buy us an ice cream. That was a turning point and she went and retrained as an ESOL teacher, spending the next 20-odd years teaching refugees &amp; migrants to speak English. We had a big financial change when dad was made redundant after 30 years at his job, and went on to another factory job - his payout was enough to pay off the mortgage, which changed a lot. + +It’s still a poignant memory for me as I was the only one at home when he returned on his bike with the news he’d lost his job. I can still remember holding him tight as he walked through the door, his shoulders heaving with sorrow. He walked into another job two weeks later, and worked there until his body gave out. As I’ve said elsewhere here, I earned more in my first job than my father did in his last. + +I learned a few things about money from my parents experience: + +- My mum’s advice, standing in front of one of the several second-hand couches we had growing up, as we got new ones: **buy fewer items, and make sure they’re quality**. ‘Don’t do what we did,’ she urged me. + +- **Working hard doesn’t guarantee wealth**: everyone will tell you they worked hard for what they have, but people in jobs like dad had aren’t slacking, and in his case, they’re not getting paid much to grind out a living the hard way. + +- **It’s never too late to make a career change, though there’s likely a cost**: mum made enormous changes to her life to support her sons, and then, when she’d had enough, she found a way to follow her dream. I remember her cracked fingers from the cleaning products when I was a child. Now, I see her smile as she’s retired, and I see the joy in the faces of those she helped teach in her career. + +- **Don’t get into HP debt**: mum and dad had a Farmers Card (store credit only at the NZ department store) and it had massive interest. I still remember mum going in to make payments - she hated that thing, and I can remember the day she cut it up. + +- Finally: **a bigger house doesn’t mean greater happiness**. I remember once mum and dad’s financial position changed they bought their dream house with dream furniture etc: I was sitting in the second lounge at the new place and it hit me that I was no more satisfied in the big house than I had been in the little one. It was a weird realisation But it stuck with me. + +So there we go - sorry for the long post. I’d love to know some of your story. Mine is one of class and the value of money and careers - what did you learn about money from your parents? + +*Edit: massive thank you to everyone for sharing your stories - a reminder of how vastly different our upbringings can be.* +We all talk about emergency funds, index trackers, the odd single stock punt and maybe a few moonshots investments, etc. But do you invest in other things? + +Anyone here into art? Or gold, jewellery or other commodities? Or maybe even retro consoles, stamps or something antique? + +I’m bizarrely taken by the idea of collecting something antique and limited in supply, but don’t really have the funds to do so yet. + +I’d love to look back in 20+ years and have more than just good numbers on an app. + +How about you? +Anyone else frustrated by the lack of good brokers in UK? + +Trading212/Interactive Brokers/Saxo/Freetrade all of them are quite bad... + +IG min deposit 5000... + +&#x200B; + +Any other brokers I am missing? WIth no crazy fees? +Apologies if there is a similar thread. I just moved to the UK from the US and was wondering what kind of platform ppl used here to buy stock and shares. The tax laws here seem to be quite different, and obviously I don't want to get into trouble! A bit of googling seems to show that some but not all platforms offer these ISA which is tax-free caps a certain amount. Is that a good thing to use? I have heard plus500, trading212, ig, etoro etc, even my own bank has ISA. Which one of these are the best, and which one do you use? Thanks! + +Edit: I am not a US citizen and not yet a UK permanent resident either, but my wife is a UK citizen so she can setup the accounts in the UK for us if needed. +I have been investing in Boohoo over the last year since it was at 180p. Recently as the price dropped I scooped more to get the average cost down to 60p. As far as what I read, the business is doing well and expanding. Their revenue is almost 4 times their current market cap. I know that the price to earning ratio is a bit high for my liking, but considering how they are investing on expanding their business, I would be happy with it for a few years. + +I wanted to have a discussion about the stock, as I think many of you, like me, might be holding the stock through this drop in the price. +1. What do you guys think of the stock? +2. What am I missing out anything about why it has dropped sharply, other than the inflation fears? +Anyone else frustrated by the lack of good brokers in UK? + +Trading212/Interactive Brokers/Saxo/Freetrade all of them are quite bad... + +IG min deposit 5000... + +&#x200B; + +Any other brokers I am missing? WIth no crazy fees? +Supposedly, the mega GME short position is hidden in ETFs; GME, unlike many other "meme basket stocks", is in over 100 ETFs. The ETF FTD data for November was just released and XRT (just one GME containing ETFs) had 1M FTDs alone ([https://chartexchange.com/symbol/nyse-xrt/stats/](https://chartexchange.com/symbol/nyse-xrt/stats/)) on the 23rd. u/gherkinit predicted that the price would run on the 23rd due to ETF exposure covering, but the SHFs just ended up failing and thus we started our current downtrend. Maybe the stock was too illiquid to cover? Who knows. All we know for sure is that they failed. + +&#x200B; + +The following dates are the outlook for the upcoming events, outlined in u/gherkinit's [MOASS Trilogy](https://www.reddit.com/r/Superstonk/comments/qvyjap/moass_the_trilogy_book_one/). The XRT FTD data just basically proved his thesis. I think we are due for another sneeze in January, if not straight up MOASS. Whether you hate the guy or love the guy, the thesis outlined in his DD seems to be coming true. Plus, the stock is magnitudes more illiquid than it was before due to apes locking the float + DRS. u/yelyah2's DD on the delta sensitivity spikes also aligns with the expected exposure coming very soon. Jack your titties with caution. + +&#x200B; + +From The MOASS Trilogy: Book 1, "AP's have T+3 trading days (locate) & T+6 trading days (settlement) + 35 calendar days (REG T)". We should see the covering of the fails from Nov 23rd on January 10th. + +&#x200B; + +**GME forward looking timeline** \- + +November 23 - ETF Quarterly and GME Monthly Exposure + +December 9 - CME Future Roll + +December 17 - CME Future Expiration + +December 22 - ETF LEAP and GME Monthly Exposure + +December 27 - GME FTD + +**January 10 - ETF FTD** + +January 12 - GME FTD + +January 20 - GME FTD + +January 25 - ETF and GME LEAP Exposure + GME FTD + +&#x200B; + +[https:\/\/www.reddit.com\/r\/Superstonk\/comments\/rfge6b\/jerkin\_it\_with\_gherkinit\_s13e5\_analysis\_of\_the\/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://preview.redd.it/4ewxyg6v7t581.png?width=2393&format=png&auto=webp&s=e8311dd8473428e307ec3aef9cb8775837244fca) + +&#x200B; + +Cheers! + +&#x200B; + +EDIT: + +Wanted to include this comment from u/arikah + +&#x200B; + +https://preview.redd.it/e2x6bxz8pt581.png?width=794&format=png&auto=webp&s=79f1d166eec976eb214d50ede5e41a3e99455d41 +Never in history have the elites faced an enemy like us. We can't be bought. We can't be scared off. Can't be reasoned with. Cant be distracted or sidetracked. We have no leaders for them to target. No headquarters to push us out of. Just a hivemind of self proclaimed crayon eating retards. + +These parasites have always operated at low vibrational level of manipulation, using the same boomer tactics time and time again to eliminate anyone that tried to go against them. + +They don't and will never understand that we come from the generation of memes. Growing up on MSN, Reddit and the depths of 4chan. They are completely outgunned and outclassed. They're machine men that will be undone with laughter, grins and creativity. We're collapsing this rigged system for the memes and the friends along the way. Wealth is a bonus. + +It costs us nothing to buy, hold, DRS. We can't stop. We won't stop. Show them no quarter. +Hi r/personalfinance! I've seen posts on here that breaks down the costs of adopting a puppy, but I never saw anything regarding cat expenses. I adopted a rescue cat (age 2-3 years) at the end of June and decided to keep track of the expenses associated with that. I thought I'd share. + +These expenses are not normal, as my cat had some chin acne and overgrooming issues (he groomed the fur on his belly pretty much all off!) so our vet bills and medication costs for a cat are likely higher than most. + +* Adoption Fee - $105 +* Food/Treats - $586.82 +* Litter - $221.50 +* Toys - $58.93 +* Supplies - $355.03 + * this includes carrier, litter box, litter bags, food dishes, etc + * most of this was before we brought him home since we had no cat supplies already. +* Vet - $678.90 + * this is from 4 vet visits and includes exams, a blood test, fungal test, etc +* Meds - $428.43 + * includes 1 vaccine, two doses of flea/tick treatment, 1 round of steroids and a couple rounds of antibiotics + +**TOTAL SPENT = $2,434.61** + +I'm hoping his vet bills level out for these next 6 months since we seem to have his over grooming under control. I'm also questioning whether I should have been proactive and gotten pet insurance. Anyone have any insight on this? + +[Cat Tax](https://imgur.com/gallery/ZNgSecK) + +**EDIT**: WOW! I was not expecting this to blow up like it did. I'm try to respond to all of the comments. I also feel like I'm being slightly judged for spending so much on my cat. To put some of the common expenses in context: My cat weighs close to 15 pounds, so he eats more than the average cat. He gets two small cans of food a day and about a quarter cup of dry food every day. I also opted to feed him higher quality food which costs more. + +Another point worth making: I have a tendency to stock up, especially when I have a coupon or when there's a sale, which I have done with his litter and food. Out of what I spent on litter, I still have a few boxes leftover which will likely last several months. I also try and empty his box completely and refill it with fresh, which I did twice in these six months. As for his food, What I spent accounts for 7 months of wet food (will finish that stash this month) and a lot longer for dry food. +I've built up a large nest egg over the years and as I move closer to retirement age, I'm looking to invest in individuals to build or advance their businesses in partnership with me (i.e. angel/venture funding). I'm primarily looking for people who are simply just missing the capital required to take their business to the next level. The problem is finding those people as I don't have a large network built out. + +To be clear, this will be a passive investment for me and I will have no part in the operations outside of audits/oversight of the books. + +Has anyone done this successfully and would be willing to share their stories/advice? +Throwaway account for anonymity + +Hi All, + +Long time follower of this sub, but first post. I'm (late 20s, early 30s) a former employee of a company that went public earlier this year. We are approaching the end of our lockup in the next few months. While the stock has had a significant run up in value since I joined (almost 500x on my initial grant), it has not performed well since going public (like many of the IPOs this year). I'm now trying to decide what and how much to sell when the lockup expires. Would love to get people's thoughts who have had to make similar choices. + +* **Current Liquid Assets**: $1.1M +* **Company Stock:** $3.8M +* **In terms of tax:** I've got a large majority of my were ISOs and I'm living in a no tax state, so I'd just be paying 23.8% (LTCG + Net Investment Tax) tax on most of my shares. While I realize this is a fortunate position to be in (and I'm super grateful for it), this is also a stressful, difficult decision. +* **Other Thoughts:** + * I put a huge chunk of my life into helping this company grow, so selling is emotional + * I think sentiment is at or near the low (or will be soon with the lockup ending) + * I believe the share price will turn around, but I also thought the IPO performance would be stronger. + * I'm also obviously also concerned with the general market right now and that we're reaching the end of a cycle. + * I know FB lost 50% of it's value from the time of IPO to the end of the lockup and has 10x'ed since. I don't think that this will be my former company, but you never know. + +Thank you for reading and thanks for the advice thinking through. +u/bosshax here! + +# GME Exchange: Change The Game + +# Bringing it all together + +&#x200B; + +[credit bad2thebone on GMEDD Discord](https://preview.redd.it/xb7xzxy3gkq81.png?width=2240&format=png&auto=webp&s=3c3937bbee778fe0c3e47dd73434a9c666bfbbcc) + +**Kurt Bierbower** is an **all-star blockchain executive** who joined GameStop in December. + +https://preview.redd.it/p80nvb17yjq81.png?width=764&format=png&auto=webp&s=372d33090c53a77db07b912e5d07b1385fe45957 + +You can read GMEDD's amazing bio on him [here](https://gmedd.com/blockchain/gamestop-poaches-executive-from-industry-leading-crypto-exchange-as-vp-of-business-development/). + +Many are unaware but he is also the head of **GME Entertainment LLC**, the *stealth* Web3 Startup being incubated within GameStop. If you haven't read my theory on a [GME Entertainment Spinoff,](https://www.reddit.com/r/Superstonk/comments/tbh9hz/gme_theory_update_gamestop_entertainment_llc/) you can here (though remember this is a long play and won't happen until the business is more mature with $1B in revenues, so say 12-24 months). The way to visualize this is basically eBay and PayPal (who were once part of the same company). The retail + tech was separated and unlocked tremendous shareholder value (you get shares in both). We know Ryan Cohen likes an idea of spin-offs from his [BBBY Letter to Shareholders](https://www.investreader.com/articles/bed-bath--beyond-shareholders-beware-as-ryan-cohen-takes-aim-at-the-company-1647114468), so I think this is a hint into his way of thinking/strategy in the longer run. + +>Cohen’s letter to the Bed, Bath & Beyond board says the turnaround of CEO Mark Tritton looks “better in a PowerPoint deck than it does in practice.” He wants the company to sell or **spin off Buybuy Baby, which he thinks will bring “several billion dollars”** based on $1.5 billion in revenue. The company had a market cap of $2.2 billion on March 9. + +Back to Kurt, who executed the GameStop and IMX agreement: + +https://preview.redd.it/9892hxzuxjq81.png?width=1484&format=png&auto=webp&s=151afff3652eba8013d20f5132b66f7e230efecb + +Kurt is a **blockchain superstar**\- but he comes with a **very particular set of skills.** + +He brings to GameStop something that no one has... yet. + +https://preview.redd.it/h96f401dyjq81.png?width=719&format=png&auto=webp&s=22140112900d12f2d7e7d4bcd1c2ba9484ba3d4d + +Kurt has experience with **US Regulated Cryptocurrency and Blockchain technology**. He also was heavily involved in business deals with the largest foreign exchange brokerages globally, largest **cryptocurrency exchange** in Japan, bitcoin mining, **gaming platforms**, **NFT platforms** and **stable coins.** + +https://preview.redd.it/vr39xv7eyjq81.png?width=706&format=png&auto=webp&s=044b02926f4caa4a691faf14a02640bfa31f8c96 + +He also comes from the institutional world (big money) and created a regulated dark pool cryptocurrency exchange. + +I wrote a theory describing how I believe GameStop is working to build an [ATS (Alternate Trading System) Exchange](https://www.reddit.com/r/Superstonk/comments/t7ghsf/gamestop_loopring_tokenized_peer_to_peer_stock/) based on ComputerShare with the GameStop Wallet on Loopring Protocol. + +The TLDR is ComputerShare holds custody of your real shares/stocks. Those shares are tokenized 1-1 and sent to your GameStop Wallet. You can then trade peer-to-peer with barely any fees, no broker commissions, no settlement issues (instant settlement), no exchange rebates, no PFOF, no manipulation. + +Kurt also has experience already with crypto wallets (like the forthcoming GameStop Wallet, built using Loopring). Note that wallets, like the GameStop Wallet, are for retail use. + +https://preview.redd.it/qqghr39xzjq81.png?width=705&format=png&auto=webp&s=8c1f84f7d4bcabed288a5416b11c247067492169 + +BUT big institutions and corporations, like Microsoft, won't keep assets in a Loopring or GameStop wallet. They need something else. They need a **Blockchain Bank.** + +Enter the missing link for institutional adoption (and the same relationships Kurt has worked with before to build some of the biggest crypto businesses in the world). + +# Silvergate Blockchain Bank + +If GameStop is building an exchange then SilverGate is the missing piece in the middle that will connect all other crypto exchanges and allow for all kinds of institutional trading. + +[Note: this image is my illustration of GameStop Exchange in the eco-system only.](https://preview.redd.it/hfojmafs0kq81.png?width=1869&format=png&auto=webp&s=df3d687f0e1c4b327d440c8a01962b11fd25440e) + +**Disclaimer:** I am merely proposing that an entity like Silvergate is an essential and critical part of GameStop Exchange. I have not found any definitive ties to suggest Silvergate is THE partner, however I do think they are the best fit. + +[SilverGate would provide an essential institutional component to the GameStop Marketplace](https://preview.redd.it/qfbvrq6xujq81.png?width=1992&format=png&auto=webp&s=d0ff9280849f9cc4a9fd0df36cdb018fc536eda0) + +[SilverGate would allow someone to stake coins, currency or any other digital property in your GameStop Wallet and earn interest by offering that through the SEN Exchange network. In affect someone on Coinbase could borrow your BTC and pay you interest. ](https://preview.redd.it/z9ntreq8vjq81.png?width=906&format=png&auto=webp&s=a5611d1e1e0a5d5c0f89d1403b4d62433865c3a3) + +Right now prime-brokers and banks lend out your **CASH** and **STOCK** and make a **HUGE PROFIT**. In the future you can lend out your **CASH** and **STOCK** or **DIGITAL ASSETS** via GameStop Exchange and SilverGate to receive **PASSIVE INCOME** while it being 100% secure. This is truly democratizing finance. + +Here is a basic metaphor for how all these relationships work: + +**Gamestop** = Amazon / Storefront (Wallet, marketplace, retail stores)**Microsoft** = Gaming Studio Partner / Publisher**Silvergate** = Institutional Gateway to crypto financing, custody, etc for someone of Microsoft's size + Exchange network for mass market level on and off ramps**ComputerShare** = Transfer Agent for Direct Registered Shares traded between Retail on Loopring or between institutions through Silvergate (Institutional Desk, OTC, Block etc.)**Loopring** = L2 Protocol for everything to happen on at commoditized levels (every skin, game license, stock share, etc. an NFT) + +Imagine a Game Studio who is seeking financing to develop a new game. You could stake your Bitcoin on GameStop Exchange and lock it in for 1 year at a certain rate. That Game Studio will convert that Bitcoin Loan into $USD cash to build their game. Crypto owners will be empowered with all new ways to generate income while Game Developers, especially small ones, can have access to financing. We can even imagine that early investors would receive coins which could later share in some of the transactions within a game. The possibilities are endless. + +Or, in a simple example, you can lock your bitcoin in the GameStop Exchange and someone will pay you VIA Silvergate to borrow it. + +[Gaming\/Studios and Game Finance of the Future](https://preview.redd.it/tjb797m81kq81.png?width=1262&format=png&auto=webp&s=87a949e788491439270114d62f6501a508676f7f) + +&#x200B; + +https://preview.redd.it/m5x6h6yu8kq81.png?width=1480&format=png&auto=webp&s=54c09ce44c903cfaff09f5901eb5c3dd1ebd6a65 + +&#x200B; + +https://preview.redd.it/c7z2nzux8kq81.png?width=1091&format=png&auto=webp&s=735c20fcf0c5b3d1a55dd61ecbb2b2eb6954ffee + +Kurt Bierbower, all star blockchain executive, is head of GME Entertainment. He comes from the world of big finance. He has amazing credentials working building regulated crypto currency products including ATS (alternate trading systems), wallets, crypto financial products, and working with big institutions. + +The GameStop Exchange will enable you to stake **CASH, STOCKS, DIGITAL ASSETS** and through a company like SilverGate receive passive income for lending of those assets. Vice versa you could take loans. These exchanges operating together will enable all kinds of new digital economies. + +[The original medium post by Loopring describing Gamestop's vision. This section was later deleted. No doubt GameStop isn't advertising their strategy.](https://preview.redd.it/yd9u78ig9kq81.png?width=273&format=png&auto=webp&s=270494f79231c016886e803f5e0de64fd865831f) + +With Silvergate you could stake your assets on GameStop and someone on Coinbase could borrow them, and vice versa, all paying you, the owner, some agreed rate of return. This is empowering! + +So, tying it all together: + +**GameStop** (the exchange and platform) + **Loopring** (the protocol) + **ComputerShare** (custodian of securities on a blockchain ledger) + **Silvergate** (Institutional Gateway to crypto financing for BIG players, like Microsoft) + **Microsoft** (Game Studio/IP owner/ Publisher). + +There is a real paradigm shift in gaming. You can read Microsofts latest letter [here](https://blogs.microsoft.com/on-the-issues/2022/02/09/open-app-store-principles-activision-blizzard/) where they describe they're building an open platform that will allow developers, and their games, to have full control over the game economies/fees/financing they choose. + +>Just as Windows has evolved to an open and broadly used platform, we see the future of gaming following a similar path. **Today 2.8 billion consumers worldwide, including more than 190 million Americans, play games, and we expect the global number will reach 4.5 billion by 2030** as new generations turn to gaming for entertainment, community, and a sense of achievement. Our vision is to enable gamers to **play any game on any device anywhere, including by streaming from the cloud**. App stores on the most relevant and popular everyday devices like mobile phones; PCs, including Windows PCs; and, in time, the cloud, are important to realizing this vision. +> +>But **too much friction exists today between creators and gamers**; app store policies and practices on mobile devices restrict what and how creators can offer games and what and how gamers can play them. Our large investment to acquire Activision Blizzard further strengthens our resolve to remove this friction on behalf of creators and gamers alike. **We want to enable world-class content to reach every gamer more easily across every platform. We want to encourage more innovation and investment in content creation and fewer constraints on distribution. Put simply, the world needs open app markets,** and this requires open app stores. The principles we’re announcing today reflect our commitment to this goal. + +Blockchain Gaming is going to become a HUGE industry on an exponential growth curve. GameStop Exchange is your one stop shop for crypto-currencies, stablecoins, tokens and tokenized products (like securities, stocks, bonds), NFTs, game-fi economies. With GameStop Exchange you can trade your stock for BTC, stake that BTC via SilverGate and earn interest, and institutional investors can borrow your BTC or you can borrow from them (with collateralized BTC loans). You truly can BE YOUR OWN BANK. + +Also I'm doing a twitter thing if you want to [follow me.](https://twitter.com/EndOfTheWake) As of writing I have a whole 20 followers, which is cool. + +# TLDR: + +You **really** should read this whole piece.. but... for the goldfish. + +Kurt Bierbower, head of GME Entertainment LLC, is a block-chain banking all star and is the visionary that will bring GameStop to mainstream adoption. One critical missing component is how different crypto exchanges can operate together (think Coinbase and GameStop) and how institutions like Microsoft or pension funds will participate in this eco-system. Microsoft, for example, won't have a GameStop wallet- they'll use someone like SilverGate (my best guess) for access to crypto financing. + +Imagine your GameStop wallet holds your digital property including **CASH, NFTs, CRYPTO CURRENCY**, **STOCKS**... Silvergate would allow other participants to borrow your assets and pay you interest. Brokers and banks make **HUGE PROFITS** loaning out your stocks and money... Very soon you can do this yourself. + +The ecosystem of partnerships is growing and we now have the following: + +**GameStop** (the exchange and platform) + **Loopring** (the protocol) + **ComputerShare** (custodian of securities on a blockchain ledger) + **Silvergate** (Institutional Gateway to crypto financing for BIG players, like Microsoft) + **Microsoft** (Game Studio/IP owner/ Publisher) + +...and sub partners like Pinata for IPFS storage. + +At last.... **BEHOLD** + +&#x200B; +I don't know about you but trust is a massive thing for me. Especially when it comes to the products I use and invest in. They have lied about their circulating supply TWICE and have blatantly committed fraud. Their responses to this was literally just a "whoops, well looks like you caught us". This is an absolute joke in my eyes. + +I have literally sold all my SOL, I've bought a bag of MATIC and I'm never going back. It's more decentralized (SOL has proven to be extremely centralized), The team can actually be trusted and it's just an overall better chain IN MY OPINION. + +Yes I know Solana has a higher market cap but I feel like in the long term, Polygon will be flipping it. Are you really so obsessed with making a quick buck that you'd invest in a project who's developers have blatantly lied to your face and have disrespected you on multiple occasions? I don't know about you but I'm not about that life. Respect yourselves, They only get away with this crap if we let them. +I just saw a commercial for a nationally known tax preparer that said, "Next year, your tax refund won't arrive until after February." As if this was some new timeline we've never experienced. + +This is absolutely normal. Your employer has until January 31st to mail your tax docs. + +They are only trying to sell you on taking a loan at 35.9% APR! (Per the fine print i just read.) + +You are giving up much of your return just to satisfy a fear created only by advertising. + +1) You can probably file your own taxes easily and cheaper unless you have something significant in your portfolio. + +2) Just wait on your return, if you use a tax preparer. (With direct deposit, it will likely be there quickly anyway. ) + +3) If you're (typically) getting a (large) refund, make an adjustment to your tax withholding so you can use that money when you need it through the year rather than giving the government an interest free loan while you struggle to budget. + +Edit (words) +Recently my parents have decided to stop working for a check. I’m very pleased with their decision since they are affluent when it comes to saving money. Unfortunately, that’s all they know, on numerous occasions I have brought up -investing/stocks- to conversations only to receive their skeptics about the whole thing. Be that as it may, I genuinely believe it’s ignorance since they aren’t the brightest parents, but that’s only because they have a bit of education under their belt(did not finish high school). My question now is what is their safest bet since now they are open to investing after…I don’t know… 6 years of advising them. Backstory: both my parents left their homeland(Mexico) mid 80s to reside in the United States. Open to hearing anyone’s thoughts or concerns, I hope I am not breaking any of the Reddit page rules. Thank you. +Wondering about how many potential Lehman Bros we could find and if we always prescribe the extremes to every scenario. + +Their reported P/B is 0.04. +Thinking takeover, liquidation of assets, PRC bailing it out on the condition they clear house, etc. + +One last puff? +So recently I've been having some serious financial issues. First off, I'm a PhD student. We get a pretty meh stipend. About $14 an hour. It's definitely not the worst but I live in a run down 400sqft apartment for $900 a month. So you do the math. I had some serious health issues earlier in the year that racked up some debt and seriously screwed up my savings. For the last week I've been doing instacart to try to repair some of my finances. I'm just trying to make 1.5k and then I will be quitting. So maybe a month or two of it. I'm at $300 so far so thats not too terrible. The job is HORRIBLE though. I have to do this on top of school stuff. + +To top it off, my friends are incredibly financially stable. They have a huge savings, 25-50k+. They are saving for homes and going on trips and just living it up. People around me are married, planning for kids, etc. Meanwhile I'm sitting in the grocery store parking lot refreshing the instacart app on the verge of tears getting ready for a 1 star review because the store didn't have what someone wanted. Its 3rd party. WE DONT KNOW! AHHHHHHHH sffsgsgfjgkhkhlgjdgsafahghk + +How do you guys deal with this? How do you just stop comparing and be grateful for what you do have? I'm about to tell my friends to please stop telling me about how great their life is going because it gives me full emotional breakdowns. Like just sobbing for hours at night that I have worked so hard and just can't get a break. +As the title states and as everyone here knows, the free float is about halfway DRS'd. In less than a year. Let that sink in. + + +There's no possible way for SHF's to get out now. I know that has been the case since this saga began, but I have to admit I was only 99.9% confident until Friday. Before the Splividend, I understood how a split dividend works and that I am not magically getting 4x the equity in the company. It wasn't until I saw the new lower price in action, however, that the power of a split really sunk in. + + +I can order a pizza or buy a share. Have a few drinks at the bar or buy a share. Go to the movies or buy a share. The price of a share is so low right now that basically every time I choose to be frugal, I can reward myself with a share. + + +I KNOW that I could have already been doing this before and it would've taken just a few good decisions with money throughout the week to afford another share, but there's something about the psychology of a share split that is extremely powerful. + + +My appetite for shares is voracious now. I have a feeling the pace of buying and DRSing will accelerate substantially in the next few weeks. +Through fortunate circumstances that I won't get into, I've come into £120,000 in cash that is exclusively mine. + +I want to use this money to best create the best long-term chances of supplemental income, and obviously want to invest as prudently and wisely as possible. My parents say I should buy an apartment with good yields and good appreciation prospects, potentially in a high-growth potential commuter town like Ipswich. I'd probably want to sell within 5-10 years to be able to qualify for a help-to-buy scheme in London. + +However, I'm worried they're thinking with an antiquated mindset, as property is potentially not the asset it was 20 years ago. I've done quite well in an ISA through HSBC with my prior savings, and their potential is not lost on me. + +However, I'm worried about: + +a) Tax potential on ISA investments over £20,000 + +b) The fragility of the current market highs. + +2) + +a) Potential wrenches in the buy-to-let scheme + +b) Getting and managing tenants, lack of property appreciation, + +c) Difficulty re-selling + +Thanks very much. +After reading this subreddit for a while, I have realized how dangerous trading sounds. + +**Most of the subreddit is like below:** + +People go bankrupt, + +backtestings are never enough, 300 backtest, 500 fronttest, + + Trading is so hard, + +Crypto will make you go bankrupt, + +Leverage is dangerous, + +Only %1 of the account (even then you can fail) + +Trading stories who go bankrupt and make money after 5 years of trading + +**After all these posts, I am afraid to risk even 1 dollar trading crypto even though I have a planned reward risk ratio stoplosses etc. Does it all even worth it to learn trading? All I want is financial freedom. Or people exaggerate this being so hard?** +I get about two calls or texts a day, unsolicited, from various "we buy houses" people/services who want to buy my rental property. It's in a class C, borderline D neighborhood, where home values are about half what they are in even slightly more affluent areas of my region. + +I'm almost a little offended that I get no such calls about my primary residence, which I've actually put significant work into making more appealing. :( + +Mainly, I'm trying to figure out if I need to be worried that these vultures are circling my rental property. Are they attracted to it for some reason that should make me want to unload it, or are they just trying to see who wants out of the game because of COVID? + +Redfin and Zillow's estimates on the property matched the asking price when I bought it in August 2020, but a week after closing, they shot up 50%, which doesn't measure up against any comps. + +And just how did they get my info? Appraisal district doesn't list my phone number... at least not online. + + +[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!* +Edit: Sorry for the formatting mess everyone! I started the post on my phone and quickly realized the error of my ways. Everything should be smooth now. + +&#x200B; + +* 🟩**120 minutes in: $284.14 /233,30 €** + +&#x200B; + +&#x200B; + +&#x200B; + +Hello everyone, I am guest-guest-hosting Diamantenhände while we all eagerly await u/DerGurkenraspler's glorious return and in u/Parsnip's absence this morning (hopefully they are getting some much deserved rest! ☺️). Apes unite around the world to watch the German market carry the torch until US pre-market opens! + +* 🚀US Premarket open: $286.00 🚀🚀 +* 🟩120 minutes in: $284.14 /233,30 € +* ⬜️115 minutes in: $283.48 /232,85 € +* ⬜️110 minutes in: $283.48 /232,85 € <----- conversion rate changed for the day. +* ⬜️105 minutes in: $283.65 /232,85 € +* 🟥100 minutes in: $283.65 /232,85 € +* ⬜️95 minutes in: $283.95 /233,10 € +* 🟩90 minutes in: $283.95 /233,10 € +* ⬜️85 minutes in: $283.65 /232,85 € +* 🟥80 minutes in: $283.65 /232,85 € +* ⬜️75 minutes in: $283.77 /232,95 € +* 🟩70 minutes in: $283.77 /232,95 € +* 🟩65 minutes in: $283.65 /232,85 € +* ⬜️60 minutes in: $283.59 /232,80 € +* ⬜️55 minutes in: $283.59 /232,80 € +* ⬜️50 minutes in: $283.59 /232,80 € +* 🟥45 minutes in: $283.59 /232,80 € +* ⬜️40 minutes in: $283.65 /232,85 € +* 🟥35 minutes in: $283.65 /232,85 € +* ⬜️30 minutes in: $283.83 /233,00 € +* 🟩25 minutes in: $283.83 /233,00 € +* 🟩20 minutes in: $283.65 /232,85 € +* ⬜ US close price: $280.01 / 229,26 € + +FAQ: To generate this data, I'm capturing current prices in Euros at [https://www.ls-tc.de/de/aktie/gamestop-aktie](https://www.ls-tc.de/de/aktie/gamestop-aktie) and converting to USD in Google. + +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. +Hi Reddit, + +My dad Bought around 1500 BTC back in 2011. + +He got a tip from a colleague and didn't hesitate to try it out. + +He bought it with his e-mail from the company he used to work at (CISCO), at the time and doesn't remember which wallet he used (probably limited wallet options at that time). + +He left the company around 2013 and his e-mail etc. from his time in the company has probably been deleted for the better part of 6-7 years. + + +Is there any chance or just the smallest of hope of retrieving his wallet, or is it just bad luck/stupidity from my dad? + + +I hope you can help and let me know if I need to pursue this. + + +Cheers. +A job listing said the salary was $75-110k base, if they ask what my salary expectations are, what should I say that isn’t ridiculous? Obviously the higher the better but I feel there must be very rare occasions where the max of the bracket can be asked for? + +EDIT: +Bit more context, I’m moving from an electrical/control systems engineering role(current base is 110k) to a software role. Although slightly different roles, I have software experience and tick most of the boxes of what they’re looking for. I’m currently living rural and so will be coming back to the city for this potential role, hence I am not too upset to take a 10-15% pay cut. +I know everyone advises against timing the (stock) market. What about the housing market? + +I've been looking for a house the last few months. 2 years ago I could have bought a nice house in my area; these days I can't afford a "nice" house anymore. Reading about it on Reddit, the most popular opinion is we're heading for a market crash. 2nd popular opinion is that inventory is so low that prices will go up another 10-20% this year. Least popular opinion is prices will just stop going up but not go down. + +Does it ever make sense to try and time the housing market? Like if I want to buy now but can wait a year, should I ever consider waiting? +Kind of big news if true and professor Jeff Dahn is considered one of the very top lithium ion battery researchers in the world and his research team signed an exclusive partnership with Tesla last year. But i think most of you were to busy gobbling up and regurgitating short spin to notice. + +[Link to article.](https://electrek.co/2017/05/09/tesla-battery-lifetime-double/) + +Looking for input from some people who have been doing this for a number of years. Do you set targets for returns? + +If I have an account that is separate from my overall long term investments that I'm using specifically for options - what should I shoot for? Seems like 5-10% a month is what people are saying... This is money that I'm setting aside for this specific purpose and if I lose it all would be disappointing, but not catastrophic. In general I prefer risk averse strategies though. High probability/low return. + +Is 5-10% a month really reasonable? Does it help making a monthly/yearly target or should I just go with what the market gives me? +Listen... [/u/tophereth's](https://www.reddit.com/r/Superstonk/comments/pgttob/the_post_about_gamestop_being_a_victim_of_jeff/) claim may or may not be true, but we don't have the proof (yet). Even if it turns out to be false, I'd strongly consider not giving Amazon any more of your business. + +- [Dodges $100 billion in taxes over the past decade](https://www.theguardian.com/business/2019/dec/02/new-study-deems-amazon-worst-for-aggressive-tax-avoidance) +- [Uses its merchant data to launch their own competing products under the Amazon Basics brand](https://www.wsj.com/articles/amazon-scooped-up-data-from-its-own-sellers-to-launch-competing-products-11587650015) +- [Meets with startups under the guise of investing in them, but then steals their ideas/products](https://www.wsj.com/articles/amazon-tech-startup-echo-bezos-alexa-investment-fund-11595520249) +- [Uses dark patterns to promote their Amazon Basics products](http://www.netinstructions.com/amazon-dark-patterns/) +- [Place your data privacy at risk](https://www.politico.eu/article/data-at-risk-amazon-security-threat/) and have [already been fined $886 million for violating GDPR in the EU](https://www.nbcnews.com/tech/tech-news/amazon-hit-record-eu-data-privacy-fine-rcna1566) +- [Threatens to immediately suspend services to Signal messenger for violating their acceptable use policy](https://signal.org/blog/looking-back-on-the-front/) -- in fairness, Signal were domain-fronting to circumvent censorship in countries that wouldn't dare block Amazon, but really wanted to block Signal + +Plus the countless other stories you've already probably already heard about counterfeit goods, terrible working conditions and people pissing in bottles. + +I empathize with many of you who have no other choice than to purchase difficult to obtain goods using Prime. They make it so damn easy and people who live in regions outside major metropolitan areas sometimes have no choice. For the rest of us, don't forget that you have a choice. + +Edit: We should make a list of the ecommerce sites that we use to replace Amazon. I'll start -- https://www.gamestop.com/ for games, [celebrity-endorsed home-office/streaming essentials](https://www.gamestop.com/gaming-accessories/gaming-headsets/pc/products/quadcast-red-and-black-microphone/11100805.html?condition=New), [plushy bananya toys](https://www.gamestop.com/toys-games/stuffed-animals-plush/products/snazzy-bananya-16-in-plush-only-at-gamestop/11109955.html?condition=New), [clothing](https://www.gamestop.com/clothing/mens/t-shirts/products/mooncat-t-shirt/11106326.html?condition=New), [kitchen appliances](https://www.gamestop.com/home/kitchen/kitchen-accessories-gadgets/appliances/products/bob-ross-slow-cooker-2-quart/11108227.html?condition=New), [transportation](https://www.gamestop.com/toys-games/scooters-ride-on-toys), and [electronics for your home theater](https://www.gamestop.com/electronics/tvs-monitors?view=new&tileView=list&hybrid=true). +G'day, + +Had a phone screen interview 2 weeks ago and I was asked what is my expected salary. I am more than happy to reveal what is my expected salary for the new role I am applying for as I don't want to waste anyone's time. + +Then last week, I had the Zoom interview with the same HR gentleman who did my phone screen and the hiring manager. I thought the interview went quite well. Both of them were receptive and all that good stuff. + +Then in the end, the HR guy asks "What is your current salary?" + +I replied "I am sorry but I prefer not to reveal my salary due to confidentiality agreement with my current employer. I am hoping we can work off based of my expected salary that I have already provided you". They said ok and we left it at that. + +The pissed off version of myself would have liked to said, "Why do you even care what my current salary is? You guys obviously have a budget and I have given you my salary expectations in the phone interview looks like we have some overlap with your budget and my expectations, why the hell do you want to know my current salary". Obviously this was not what I said. + +I have not received any call back yet and I actually don't care if they don't call me back. I have got another interview lined up next Monday. + +Ladies & gentlemen of r/ausfinance, how would you reply to this question? + +a) Do you always provide the truthful answer? + +b) Do you decline to answer? or + +c) do you straight up lie and have never been caught? + +Also why do they want to know? The only reason I can think of is that they want to peg you to the previous salary at your new job too. + + +FYI, when I interviewed for my current role, about 2 years ago, they had asked me what was my salary at my previous job and I had declined to answer and still got this job. I thought this practice was dead. But apparently not. + + +* EDIT: Lots of great responses and views. Thanks for sharing! Definitely feel like I answered the right way, *at least partially..* +Hey, + +Been living with my partner for about 10 years in her house. Relationship is now ending, so I'll need to move out. + +House is hers, on the deeds and mortgage etc., always has been 100% hers before I turned up, so that's simple enough. Various bits of shared furniture/white-goods, a garage full of my tools etc. + +I'm currently in the final 6 months of my PhD. Previously have been staying away Mon-Fri in Bath in a room where I'm lodging, then back home to Devon with partner at the weekends. + +So, I currently have a tiny income... Definitely can't afford to rent or buy a property that would allow me to store all my stuff in one place. + +Other factors: + +* I've got £14k emergency fund in premium bonds. +* £5k in a LISA, still have my FTB status. +* £15k in a S&S ISA (down 10% since investment in Jan, keen to not touch this unless I absolutely need to!) + +I've also been offered a job for as soon as I've finished my PhD, £45k based in Bristol but with remote working option too. + +So... Any advice? + +Gut feel right now is to hold on in my lodgings in Bath for the next 5-6 months as long as my landlady doesn't mind (it's technically a Monday-Friday lodging agreement, but she's been very accomodating so far), find somewhere to store my stuff (parents house, friends etc..), then make the move to Bristol in Autumn... + +Any other suggestions? Would prefer not to touch savings if I can get away without doing so... +We are spending this month in France, leaving behind our house vacant in the UK. It is a Victorian listed property worth about $2m. + +Some are suggesting we try home swapping instead of Airbnb but wife is unsure about this. + +Anyone experienced with primary home exchanging? I found a few websites that offer introduction services to other home owners but wonder what others' experience is. + +It sounds like a terrific idea on paper at least, since we intend to spend every August away for the next 15 years. +There is nothing better for a business than a community that will promote them. Unfortunately, everyone is talking about a short squeeze or GameStop's fundamentals. Normal people don't care about that, they want something that can utilize in their practical daily life. Gamestop has inventory people. Instead of talking about this as some weird political movement, talk about the actual products they sell. Gamestop has pc parts, they have nerd gifts, they have large amounts of toys for children and adults. + +Instead of talking about shorts, hedgies, SEC, corruption, or whatever, talk about their products, services, future plans, ideas, transformation to people. Chances are people are not going to believe you about corruption because everyone lives in a just world fallacy. Do you know something simple and effective you can do just to help GameStop? + +* Build Pinterest boards with products so people can find their favorite items. +* When someone asks for gift ideas, do some research on GameStop and find something that best fits what they are looking for. +* Talk about their power rewards and shipping times +* Get gift cards through them and hand them out for birthdays so they can be introduced to the ecosystem +* Share tweets about your favorite products you bought from GameStop + +Just keep in mind + +* Do not spam +* Do not interact with someone who does not ask +* Just answer questions, don't put your whole thesis. + +Edit + +Can't edit the title because some people seem to be getting the impression I'm asking you "to do GameStop's marketing job". It should read "you can be grassroots marketing for them" to avoid any confusion. None of this is required of course, I just wanted to share some ideas for people who are on the sidelines wanting to contribute something to help their favorite investment. Also you guys can share ideas in the comments, this is a discussion after all. +As I have scrolling through Superstonk, I came across a few screenshots that appeared to look almost identical to each other, only each of them was slightly cropped to make it seem as if they were completely different screenshots posted by different people. + +&#x200B; + +[https:\/\/www.reddit.com\/r\/Superstonk\/comments\/pxura0\/i\_heard\_we\_are\_the\_catalyst\/](https://preview.redd.it/ao6fau6emgq71.png?width=1132&format=png&auto=webp&s=eaad13adc11430e3a618086e4857eb3ee59ec1a7) + +&#x200B; + +[https:\/\/www.reddit.com\/r\/Superstonk\/comments\/pxs57i\/these\_are\_my\_shares\_there\_are\_many\_like\_it\_but\/](https://preview.redd.it/qv7kfsukmgq71.png?width=1132&format=png&auto=webp&s=61e07e38036176712a0fa00c855761eb8e7179bc) + +&#x200B; + +[https:\/\/www.reddit.com\/r\/Superstonk\/comments\/pxvbu5\/give\_updoots\/](https://preview.redd.it/wfg6vc8mmgq71.png?width=1132&format=png&auto=webp&s=8f1f5b1619531740a9b8fdb17299b42b0f31426f) + +&#x200B; + +&#x200B; + +&#x200B; + +As you can clearly see, those are three different users. One with a karma of 4,000+, the other with 5,000+ and one of which has a karma of over 40,000+. All of them are using the exact same screenshot, slightly cropped. + +Oddly enough, the screenshot that is the most cropped is the person that has a karma of over 40,000+ but they posted it hours before the other two. I suspect all three of these are fake and they are many more like these out there. + +Just because we are seeing an influx of people posting Computershare screenshots, does not mean they are all real nor does it mean that the people with the most shares (ie: XXX, XXXX+) are going to do the job for us. If you have one share, DRS it. If you have XX shares, DRS it. XXX shares? You guessed right, DRS it. “oH bUt wHaT iF i hAvE a FrAcTiOnAL sHaRe?” That’s right — D-MOTHERDUCKING-RS it. Each and every one of you count. DRS your shares. Don’t believe the influx of screenshots, a vast majority of them could be fake to make you think your shares won’t make a difference. + +YES. THEY. WILL AND DO. + +# + +# HOW TO DRS: [https://www.reddit.com/r/Superstonk/comments/ptvaka/when\_you\_wish\_upon\_a\_star\_a\_complete\_guide\_to/](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) +So for a bit of context, I'm 30 years old and started my full-time working career in 2011. It was at this time that I started earning and saving some decent money, which led to some basic financial research and planning. I recall a lot of discussions around how interest rates at the time were "low" (and certainly they were compared to historical averages). Naively this led to me thinking that we were at/near the bottom of a cycle and that interest rates would be due to rise some time in the future, but fast forward an entire decade and we've had over a dozen more cuts and not a single increase. I have no idea what "normal" means now, my entire working/saving/investing life has been perpetual cuts to an already historically low rate. + +So is this just an evolution to modern economics, where low interest rates and debt-fuelled spending/investment is the norm? + +Is it an unsustainable bubble that will eventually burst? + +Or is it just a temporary state of affairs, and interest rates will eventually work their way back up? We saw the US raising their rates until they were forced back down by COVID. + +I know that this is a very complex macroeconomic question, but I'm hoping to at least generate some discussion and hear some other opinions, especially from those who have actually experienced interest rate cycles prior to the past decade. + +I've been quite risk averse with my money, and I feel like a big part of that has been due to the interest rate environment and the thought that interest rates rising will benefit savers, but rate hikes seem to be pipe dream if the past decade is anything to go by. +https://www.reuters.com/world/us/debt-limit-hike-bill-could-get-us-senate-vote-next-week-sen-durbin-2021-09-22/ + +I've seen users say the GOP resistance in senate will be resolved by a reconciliation bill, but this article has the following quote: + +"House Budget Committee Chairman John Yarmuth said "parliamentary obstacles" prevent Democrats from including language to raise the debt ceiling in a social spending bill moving through Congress under the budget reconciliation maneuver that circumvents the need for Republican votes." + +So, it doesn't seem so straightforward. At the least, next week might be a panicy one in the markets. + According to a bitcoin-focused trading app, with tens of thousands of users, women and older investors are largely staying out of the crypto craze, leaving mainly young men to be the driving force behind crypto rallies and lows. + +The overwhelming majority of people using the app to trade in bitcoin are men, making up 79% of users to just 21% women. Compared with the most recent data from the U.K.’s Office for National Statistics, or ONS, this makes the gender divide among bitcoin holders even wider than with other investments. + +**So, is it overconfidence?** + +Barber and Odean found that men trade stocks 45% more frequently than women, which is a symptom of overconfidence because overconfident investors trade excessively + +If we see from that research study that men are, on average, more inclined to be overconfident, that overconfidence could be helping to drive the heavier representation of men in these much more speculative markets. It really takes a bit of a hope and a prayer to believe that these assets are going to be long-term, reliable investment performers.” +I don’t know what is with all of the critical, whiny, nervous posts but I think they might just be shills. I haven’t seen a single thing that makes me worry about my fellow apes. Y’ALL ARE DOING FUCKING GREAT. It deserves to be said more. + +We’re going to the moon. Anyone spreading negativity in here right now can go fuck themselves. + +Positive vibes bitches. Enjoy yourselves. I am. + +💎🚀💎🚀💎🚀💎🚀💎🚀 +I hate these mandatory text fields. I'm just going to put garbage here. If I have a 2.5% mortgage, wouldn't I want to pay this off as slow as possible, since I should be getting (and all of my planning) is based off an average 4.5% annual return? + +Why did, for instance Mr. Money Mustache pay off his house so early? + +Don't you get more tax breaks or something if you're paying off your house? + +I suppose I could get rid of homeowners insurance +Hello again friends! For those of you haven’t seen my posts before, I have been tracking my own spending since I started my career in 2011. [This is a snapshot of my spending](https://imgur.com/gallery/5Vb0TmY) over the last 9 years. [Here’s the latest version of the spreadsheet](https://drive.google.com/file/d/1rgtAVP1YQeONdLE5jqmiOLlzUCiwMhzA/view?usp=sharing) I made to keep track of my spending and [here are some instructions for how to use it if you are interested.](https://imgur.com/a/p6y9Z) + +Shout out to all the people who have helped me debug and improve this spreadsheet over the years. Your continued feedback/encouragement/support makes me very grateful to contribute to this wonderful community. Cheers and see you again next year! + +**FAQ:** + +* **Job?** Active Duty US Space Force Officer & Astronautical Engineer +* **Age?** 32 +* **Education?** +* Completed \~7.5 yrs of college. +* Undergraduate with $60k debt paid off in 37 months. Funded everything else with scholarships. +* Master of Science in Astronautical Engineering +* Bachelor of Science in Mechanical Engineering +* Graduate Cert in Systems Engineering +* MIT Internship +* misc. professional certs in Engineering, Science & Technology Management, Program Management, leadership, etc. + +So basically I have zero professional experience or accreditation in finance so please take what I say/do with grain of salt. Also my ROI proves i'm not successful at investing yet. + +**2019 GOALS** [**I PRESENTED LAST YEAR:**](https://www.reddit.com/r/financialindependence/comments/aayq1y/i_tracked_every_dollar_i_spent_over_the_last_8/) + +* Invest 45% of my net income. (success, invested 50%) +* Spend 25% of my net income on recreational/fun activities. (success, spent 25% on recreation) +* Keep living expenses below 30% of my net income. (success, living expenses were 25%) +* Lick my wounds and hopefully recover some of my ROI. (success, avg ROI increased from -37% to -1.5%) + +**2019 YEAR IN REVIEW:** + +* Net income after taxes was $92,073, essentially matching all-time high income in 2018. +* I spent 50% of my 2019 net income on investments, bringing career average up to 30%. +* I spent 25% of my 2019 net income on living expenses, bringing career average down to 35%. +* I spent 25% of my 2019 net income on recreational expenses, maintaining 25% career average. +* Highest single-year increase in net worth thanks to crypto market rebound, but I mostly just regained what I lost in 2018. + +**2020 GOALS:** + +* Invest $45,600 (\~45-50%) of my 2020 net income. +* Spend 25% of my net income on recreational/fun activities. +* Keep living expenses below 30% of my net income. +* Achieve positive career ROI of 10% or higher. + +**Disclaimer:** Everything here is original content and I’m cross-posting to r/financialindependence, r/militaryfinance, and a few others for maximum visibility. Everyone has my full permission to use/share/repost. +I’m fine if they’re built into the price, or even if it pops up before you pay (not so much this one). + +But when you tap your card for e.g. $12.00, it says approved, then it pops up $12.12. What are the legalities around that? + I need help. I am not a dumb person, but when it comes to numbers, I am a total disaster. This translates to financial issues every month. + +According to someone fairly close to me, who is aware of my income and regular expenses, I should be able to save around 3000 euro each year. But ... I am not able to save anything. Even more so, I have a "small" debt (7000 euro). + +Being totally clueless when it comes to numbers does mean that I spend too much money on certain things. The easiest way to explain it is, I have difficulty seeing the difference between something that is 5 euro, and something that is 50 euro. I know 50 is more than 5, but that's about it. When I see a price listed somewhere, I hardly question it and just spend it ... until all of a sudden my bank account is empty. + +I have tried apps on my phone and spreadsheets on the computer to track my income and expenses, but it's hard to do it properly. + +I had hoped - and still do hope - that by having something like a good spreadsheet, I can have a good overview of all my finances, and that this can help me decide whether or not I could spend money on something or not (also, it's not that I go on spending sprees every week, but I do have expensive hobbies, unfortunately). + +Does anyone have any tips for me how I can manage my personal finances? Links to good spreadsheets, or tutorials on how to manage money? + +Thank you so much! +TL;DR - I’m a military veteran looking for the best way to set my 14 y/o son up financially over the next 4 years using his social security benefits. + +My son’s mother passed away in September of 2020, and my son is now starting to receive monthly payments from the social security administration. He’s 14 so the payments will only last until 18, or the completion of high school, whichever is later. Admittedly, I don’t have any great knowledge on finances and need advice on how to best invest this money for him. For a bit of context, I’m a military veteran that has qualified for the GI Bill and other educational benefits for me and my family that will cover tuition and associated costs, so I don’t feel that we need the college security that a 529 plan would offer. Besides that, my dear boy isn’t giving off those “I want to go to college” vibes, which is fine. I’m not someone that believes college is necessary for financial success. As an alternative option, I’ve seen people speak about Roth IRAs on here and in other Reddit pages, but again, I don’t know much about how those work. Any advice is appreciated. +Hello, im just getting started with quant trading. Which programming language would you advise me to start with : Python or C++. +I heard C++ is fast and harder to learn than Python. +What should i do ? +Hello, im just getting started with quant trading. Which programming language would you advise me to start with : Python or C++. +I heard C++ is fast and harder to learn than Python. +What should i do ? +APES. What a week it has been. We saw some gains. We had them taken away. [We felt woozy.](https://mobile.twitter.com/TheRoaringKitty/status/1403060736889344004) But we HODLd. And we dealt with some serious uncertainty with the shareholder meeting on Wednesday, and the flurry of new info from GameStop. I don't know about you, but it felt pretty shilly in here. Give the shills credit - they tried sooo hard! But we apes are strong together. + +Many of you were kind enough to read [my post on Michael Burry last weekend](https://www.reddit.com/r/Superstonk/comments/nsmbnk/a_look_back_at_what_michael_burry_knew/) and offer your thoughts, your updoots, and your awards. I had a lot of fun writing it, and I was overwhelmed with the response it received. So why don't we make it a regular thing? I will try to post it on Friday evenings or Saturdays as I am able. I can't promise it will be every weekend, but I know those times have a reputation for being rather... meme-filled on Superstonk 😁 (not that I don't enjoy the weekend shitpost, fluff, and meme frenzy! Last weekend was great with all the Melissa Lee memes, and in 20 or 30 years when I look back fondly on this saga, I will 100% remember the Melissa Lee weekend. "Naked shorts, yeah" 😳), and I have seen many apes calling for more weekend DD warriors to fill the void. I will step in as much as I am able, and also try to offer something a little different to the community. + +I'm not exactly a quant or a technical analysis guy. Other than detecting a basic bull flag on the stock chart, I have absolutely 0 predictive abilities for the price action of GME during the week. But what I do have is the ability to understand complex ideas, and to translate them into apespeak. So I thought it would be a worthwhile project to spend some time going through different things that Michael Burry has written, said, and done. I know I can certainly learn a lot from it, and hopefully you can too. Besides, the way I see it, when we have our tendies we will need to have all the right moves in order to bring about change and to be better rich people than the ones we are betting against. So what better time to learn all these things than right now, while we are HODLing and meme-ing and vibing and waiting for the rocket engines to come online? + +This week, I have ETFs, Index funds, and passive investing on the mind. At the beginning of The Big Short, it was said that Michael Burry and the others did something nobody else did leading up to 2008 - they looked. Michael Burry has warned of another bubble forming again, similar and yet different from last time. So let's try and be like Burry this time around. Let's be among The Ones That Looked. So grab your weekend beverage of choice, and let's do some looking, shall we? + +**Passive Investing** + +We begin this week, just as we did last week, with a tweet by Burry. + +&#x200B; + +[February 21st Tweet](https://preview.redd.it/urkvn2b0lu471.jpg?width=1100&format=pjpg&auto=webp&s=b3070056e7884a100e9bcbb7ffb05ef1999c379c) + +There's a lot going on in this one. Look at it as long as you need to. Took me a while too. + +So this graph tracks the price of the S&P 500. And (surprise!) it has a direct relationship with the collective amount of margin debt (note that the units for margin debt are reversed on the left because... well... it's *debt*). + +I looked up the version of this chart that has been updated as of April 2021. Here is the non-inversed version, so you can see just how close the correlation is. Over 24 years! + +&#x200B; + +[S&P 500 vs Margin Debt](https://preview.redd.it/319eyr6olu471.png?width=1379&format=png&auto=webp&s=d222cf2abf998786a7bdf2da33f352c55628eae2) + +Now, at first glance this set off a couple of bells in my mind. First was an [interview I heard with Steve Eisman](https://youtu.be/NJodqhzqPKQ) (the real-life Mark Baum from The Big Short - the part in question starts around 13:00). He said that, leading up to 2008, the biggest of the idiots "mistook leverage for genius." Leverage, by the way, = margin debt. Is it concerning to you that the S&P 500, which is one of the key indices of the stock market, only seems to go up on the strength of margin debt? Doesn't seem like the best foundation for financial growth, IDK. And margin debt is spiking like crazy ever since the end of 2020, as the chart shows (sidenote: what situation do we know of that has seen big players in Wall Street taking on tons and tons of margin debt? And I can't remember, does that situation seem to have an inverse relationship with the S&P 500? 🤔) + +At this point I should mention that Index Funds and ETFs (Exchange-Traded Funds) are both funds that track a sector or a large sampling of the entire market. The key difference between the two is that Index Funds cannot be traded during the day - you can only get into an index fund with an up front investment, usually $2000 or $3000. ETFs on the other hand, track the exact same things that Index Funds do, except ETFs can be traded during the day just like shares of a company. So for example the S&P 500 is an Index Fund. SPY is an ETF (some people have called it the granddaddy of all ETFs) that tracks the S&P 500 Index. + +ETFs and Index Funds have a pretty special relationship with GME and market manipulation in general. I give a TON of credit to u/ahh_soy, who [in this post](https://www.reddit.com/r/GME/comments/ljwo3v/serious_researchers_needed_now_i_think_i_know/) back in the doldrums of February discovered that Kenny & company were using ETFs that contained GME to hide their short interest in GME. They essentially paid their credit card bill with another credit card bill (hellooooo, margin debt!), to bring the short interest down and to make it look like they had covered during the craziness of January. There are other examples too. The Russell 2000 has been shorted just to affect the price of GME in recent months as well. Seems like a super inefficient way of going about it Kenny, but whatever. Anyways, the point is that ETFs are a favorite tool for the kind of people that we are betting against. + +Michael Burry's tweet above paints a very dark picture. And ETFs are at the center of it. In doing a little research on the subject, [I discovered that Michael Burry has compared Index Funds and ETFs to the CDOs](https://money.usnews.com/investing/funds/articles/do-index-funds-etfs-quietly-pose-a-systemic-risk-michael-burry-thinks-so) that caused the 2008 collapse. If you don't know what a CDO is, I could try and explain it to you. Or I could link to a clip of Jared Vennet explaining it in The Big Short. + +[Oh what the heck, I'll just do both.](https://www.youtube.com/watch?v=xbiDrzTd8fE) + +It's complicated, but basically CDOs are a type of hybrid security which is backed by parts of other securities (usually loans of some sort, especially mortgages). It is a convenient way for the big banks and their lackeys to refinance mortgages and to create securities based off of subprime loans that didn't make it into the big Mortgage-Backed Securities. Then they sell those new hybrid securities to make even more money off of it. Is it their problem if what they are selling is over 50% hot garbage?! Nope! + +An Index fund or an ETF is similar in the sense that you are buying or investing a security with an incredibly diverse list of holdings, some of them very good and some of them bad. For example, if you wanted to invest in the airline industry but don't want to get into picking companies for fear that one of the two or 3 you pick go bankrupt, you could just buy an ETF based off the airline industry. You might buy one ETF that has shares of multiple airlines and aircraft manufacturers, some of which are exceptional and some of which are not (smh, still can't believe what Boeing did with the 737 MAX). But the idea is that through diversification you overcome any potential risks. + +And I can understand why people would think this way! I personally know multiple people who ONLY INVEST in ETFs and Index funds (i.e. they only invest passively) because they think it is safer. I can hear the voice of one of them in my head now as I type this: "the S&P 500 grows by 6-8% like clockwork every single year. It is THE safest way to invest." But even with diversification you still have hundreds of billions of dollars invested in a security that is in large part composed of smaller market-cap, lower volume-traded stocks. Now, I grant you, there are nuanced differences between passive investing and CDOs that I don't fully understand. But the basic principle is the same, the market is betting unimaginable sums of money on securities with significant "subprime" holdings. It is the same problem as with CDOs, except that now we have no excuse for not knowing better. + +I might even go so far as to say that the bull run we are seeing on many ETFs and Index funds is a mirage. CNBC looks at the price of the S&P 500 these days and thinks "wow, we sure recovered from the pandemic quick!" But it isn't that simple. Michael Burry compares passive investing to a theater that keeps getting more and more crowded, but the exit stays the same - just one little door. If the show stinks, or worse if their is a fire, it will be deadly. Essentially the money is "trapped" in the market. And when the flow of money reverses from in to out eventually, there isn't enough liquidity to withstand it. It will create the mother of all bottlenecks (MOABN? Meh. I'll keep thinking). People will be literally trampled to death on their way to the exits. Like, hypothetically, if a global pandemic were to come along and weaken the value of like the bottom 2/3rds of every stock included in these index funds and ETFs. + +"But Poptart," you might say, "how could the pandemic be the final straw if the pandemic is already over? The first chart you posted even puts an end-date to the recession at earlier this year. What gives?" + +Well, dear ape, let me put it to you this way. Look at the chart of the S&P 500 again here. + +&#x200B; + +[Ruh roh](https://preview.redd.it/ctv95wgqqu471.png?width=1549&format=png&auto=webp&s=19461c245c1989cb8654e5ed872d664e36213eec) + +See how right after the Covid dip, the price starts to take a parabolic turn north? Does that look natural to you? Can you think of anything natural in the economy that would have happened since then to bring about that growth? Or does it seem more likely to you that it is just the result of quantitative easing, inflation, and stimulus checks trapped in the market? (sidenote: I am NOT placing the blame for this on either of the parties that introduced stimulus checks into the economy, nor am I placing blame on people like you and me who invested them into the market. I am just saying that it is delaying the inevitable.) Does that look like a natural recovery, or does it look like the market was given a shot of a steroid and now it feels great even though it is dying? (dark, I know... sorry) + +**Price Discovery** + +The other problem that Burry has with Index funds and ETFs is that they make it impossible for "price discovery to occur. **Price Discovery** is the process of the market weeding out businesses that don't perform well and that deserve to go bankrupt, and also conversely the process of rewarding companies that do well. It is essentially the idea that a company's performance should have a direct relationship with its stock price. This is really just a free market functioning as it should. + +ETFs and Index funds hurt price discovery in the market because the businesses in the fund move not according to what the market dictates, but according to how the overall fund is moving. Don't believe me? Here, take a look at a few holdings of the S&P 500. Represented here are technology, energy, manufacturing, airline, and retail. But do they move together? You bet they do. + +&#x200B; + +[Technology](https://preview.redd.it/515d36poru471.png?width=994&format=png&auto=webp&s=fd009526e6a8b00f01e274d6223bcc707c70b32d) + +[Energy](https://preview.redd.it/00v3e4rsru471.png?width=990&format=png&auto=webp&s=34395dedf841a62efafad015d607a662679f6e8d) + +[Airline](https://preview.redd.it/alnhlbuxru471.png?width=1025&format=png&auto=webp&s=f89fd9dc4927e3bd944155200594321b87e691c1) + +[Manufacturing](https://preview.redd.it/zsibrimvru471.png?width=1020&format=png&auto=webp&s=4adb3fcc71341df58db32d90e5309c4cb94ad69b) + +[Retail](https://preview.redd.it/nswxamgzru471.png?width=1073&format=png&auto=webp&s=5e2ca05a6da8dfb73ed636101a8a4b6bb192d850) + +Notice how every time there is a sharp divergence on one of the stocks, it immediately corrects back to the general path of the fund? + +When a market is drunk on Index funds and ETFs, the price discovery is taken out of the hands of individual investors and put into the hands of the people with the cushy job in downtown Manhattan who decide which stocks will go into the fund. In other words, the price discovery is left to the kinds of people like the CDO managers and the stuff-shirt working for Standard & Poors in The Big Short. You know, the kind of people who can easily be bribed to make certain decisions. The kind of people who will pick stocks not so much based on which ones are more deserving, but based on how much money they will get paid. Does that scare you? It sure does me. + +One final note on price discovery before we go... what Citadel and friends tried to do to GME, just as they did to Toys R Us, and SEARS, and many others before GME, is the enemy of price discovery just as much as ETFs and Index funds are. In fact if you squint when you look at the two problems, it is just one problem - rich people thinking they should be the ones to determine which companies survive; rich people thinking they know better than the free market; rich people not caring who they screw up in order to make money. Do we live in a free market or don't we? Because right now it doesn't feel like it. + +**My main takeaways after this exercise:** + +1. **What I just said about price discovery and GME can't be repeated enough. And THIS is why the GME situation is so terrifying for them. GME doesn't just represent them losing out on the bankruptcy jackpot with one company. The more people learn about what is going on with GME and especially what is going here on Superstonk, the more democratized the market becomes. The more people will learn that-- \*looks at hands\* -- WE have the power. This is why CNBC tries to ignore us except to nervous laugh at us when GME is up big. They know that we aren't just winning this game - we are establishing a whole new paradigm, and the powers that be don't want to let the cat out of the bag. They are in damage-control mode. I really believe that future generations will read about GameStop in their high school economics textbooks. And THAT is a very happy thought, isn't it apes?** +2. **I didn't have time to go over this in the main body but thought it was important to address: I do not think Burry is criticizing us directly when he says "#stonksgoup hype" adds to the problem, and the reason for this is simple: I cannot believe that Burry would think a bunch of people deciding they like the stock, then buying and holding it is the problem. It has to be much more intelligent and nuanced than that, coming from Burry. I think he is criticizing the people who push stocks or crypto just for the laughs but don't really believe they have any value (I am thinking especially of proponents of a certain canine-inspired crypto here). What we are talking about here with GME (and I also include our movie theater friends in this) is that we are trying to stand up for price discovery. We are calling bull💩 on the game that market manipulators are playing. If anything, we are taking a stand against the very problem that Burry is identifying.** +3. **BUY. HODL.** **~~VOTE.~~** **😅** + +**TLDR: Get ready because the market is gonna need our tendies. And when the time comes, invest in STOCKS. Not Funds or ETFs.** + +**Not financial advice. I literally can't tell my own rear end from a coconut FYI.** +I'm currently in the process of selling our current property and purchasing another. It all happened quite quickly and so my bank statements don't look too amazing cos I've not really been looking after my spending over the last few months. The closing balance is less than the opening (my actual balance stays in the thousands so its not like I'm using any overdrafts or anything), I have never defaulted on any DDs and always make more than the minimum payment on my CC. But i know ive still overspent. Am I worrying too much about this or will this have any affect on the application? +[Original Post here](https://old.reddit.com/r/Superstonk/comments/u9v7v7/official_immutable_ama_by_robbie_ferguson/) + +I watched the video and took some notes for yall. Lot's of good information in the video! Summary below + +**Summary** + +- ImmutableX is less than 1 year old, but is now completing the most NFT trades +- Went from 3 marketplaces integrated to a total of 10 last quarter +- **GME's NFT Marketplace is going live Q2 (by or before July 30th)...** however, Robbie did state previously that it would be launching within the next 8-12 weeks, and he said this around 2 weeks ago now (17 days ago) +- 250 full-time hires, up from 160 hires from Q1 +- New marketing lead from League of Legends marketing +- Big games going live in the next few months, including Illuvium, Embersword, PlanetQuest, Hero (DC Comics), VeVe (Marvel). Why should you care as a GME investor? -> These NFTs will also be available through GameStop's NFT marketplace. And of course, you may enjoy playing these games and/or trading +- ImmutableX will soon be the best option for providing liquidity for NFT trading +- Still integrating with OpenSea +- Reminder: uses zkRollups, assets are self-custodial, ImmutableX is secure and is built on security +- References Fortnite as an example when talking about trading NFTs [which is interesting to me, since I like to speculate... could Fortnite / other AAAs from Epic Games be integrating blockchain assets sooner than anticipated?] +- **Goal: 100 million unique traders on ImmutableX by end of 2022** -> This stood out to me. OpenSea has just 1 million user wallets [as of Jan 2022]. GameStop has 50M [roughly] unique customers. ImmutableX currently has somewhere between 750k and 2M users, based on extrapolating data from an article I found from Sept 2021 [perhaps Robbie could fill us in on a more exact value?]. Anyways, this would be a mighty upsurge in users to reach 100M. He did say this was their 'end goal', so this is perhaps a bit lofty of a target for 2022, but nevertheless, they believe this is realistic. My interpretation of this can only be that ImmutableX (and their partners) expect NFT marketplace trading to go mainstream within the next 1-2 years, particularly as GameStop's marketplace connects big names and large numbers of existing customers to NFT trading +- Goal: Multi-billion in trading volume +- Focusing on indie to mid-tier markets because these can roll-out faster [later, Robbie does mention that there are billion-dollar+ companies that are applying] +- Expects a lot more updates and launches in the next 3-6 months +- ImmutableX has 99.9% uptime compared to 98% uptime by the closest competitor [that's twice as good as their competitor] +- Ready to support millions of players, but not billions of players yet [but no one is ready to support billions yet] +- There are 4+ marketplaces integrating THIS quarter: GameStop's NFT marketplace, NFTrade, OKX, and Rarible [I think] +- ImmutableX's APIs don't require the creation of smart contracts -> its easy to build on ImmutableX [For those that do not know programming, Robbie is saying that game creators do not need to know how to program blockchain related structures in order to build blockchain-related games. They can use ImmutableX's platform [their code], which does all that behind-the-scenes, so that game-developers can code just how they would code a non-blockchain videogame. This is just as essential for mass-adoption within the programming space as is Loopring's counterfactual wallet within the user-onboarding space] +- Views GameStop as one of the largest communities in the world and ports of distribution +- **Huge number of very serious applicants... billion-dollar+ companies applying in the gaming sector** +- IMX staking going live in Q2, and rewards coming soon after +- **Every time you make a trade through ImmutableX's marketplace, you will earn IMX tokens** +- LayerSwap now supports CEX to IMXe +- Next 3-6 months: ImmutableX becomes the strongest port of liquidity, largest go-to-market team in the space (going from 40 to 100 people), shipped top 2 biggest blockchain games in the world [they're already doing this, that is. Way ahead of everyone else, who only talks about doing this theoretically. Plus, they're adding more]. +- Want to be the default port where web 2.0 games can transition into web 3.0 games [eg. Kongregate!] +- ImmutableX's studio is investing a lot into Gods Unchained and Guild of Guardians... big announcement coming soon + +---------------------------------------------------------------------- + +u/robbieimmutable, feel free to add on anything you'd like here, or if I made a mistake, to correct something + +Disclosure: I don't know Robbie IRL, and I don't own IMX tokens [yet]. But I do think many of us will own IMX tokens in the future through using ImmutableX's platform. This is not financial advice. + +Aside: Since it always comes up, no, Robbie did not mention Loopring in his video update. However, I think this makes complete sense to me for two reasons: 1) There is clearly some kind of NDA such that Robbie cannot talk about Loopring, 2) And even if he could, I'm not so sure that he would have any need to do so. Loopring and ImmutableX are completely different products, where Loopring is operating as the financial back-end, and ImmutableX is operating as the front-end (among other functional uses), and GameStop is using both as technological solutions to their NFT marketplace. So please do not attack Robbie for anything related to Loopring. He just cares about his company, and his job is to promote all the great things they are doing, and how they are servicing their partner GameStop. We will know soon enough what all the NDA is protecting, probably when GameStop launches their marketplace + +also, is this the right flair? Idk. I'll change if needed +I've got way too much money in stocks right now. Most of you are probably long and will probably hold though this turmoil thinking you'll get it back in the future. I am not so confident and frankly sitting on major losses for years waiting for a comeback doesn't feel like any fun. + + +Anybody plan on joining the sell off? Do you think this will be a temporary sell off? + +DOW futures down *OVER 700 pts, S&P down over *100 + +*So what's next? Frexit? Gerexit? Other EU countries already calling for referendums. This may cause the collapse of the EU! + +**OK guys I didn't sell anything, I bought more shares of the best company on planet earth: AMfuckingD +Pure panic, which leads to price drops ... good for me and some other peeps here :) + +The government can only seize assets related to a crime, or that can be proven to be obtained illegally, as some stated in a comment in the thread. I repost my opinion in the title as an own thread, as I think many people just read the title and need to calm down. +Literally don’t know shit about investing, just joined to learn l, got this itch to learn everything. Just want to know how everyone learned what they know, like the methods they went through. +I feel like there’s often too much enthusiasm in the FatFIRE community for exotic or “exclusive” investments, and I wanted to offer a counterpoint to hedge fund (HF) enthusiasm. Quoting a redditor who shall remain anonymous, to the first order, "any fund that is worth investing in won't take your money, and any fund that will take your money isn't worth investing in." [Modulo some valid counterarguments wrt portfolio optimization - though even there, if you can only access non-top-tier funds, this in practice argues for a tiny % allocation to such funds.] I think the proper place for HF's is as a portfolio diversifier, but only if you have an appropriate set of expectations going in. + +If you look at some of the "best" funds, RenTech's flagship fund basically has no outside investors for ages (though their crappier, alt-beta funds are still open) and most of DE Shaw's funds were typically closed to new investors (all of these have very high minimums); they did reopen recently to new money from existing investors. It's a great signal to be capacity managing rather than asset gathering, of course - but that means you generally can't get in. + +Even when investing in the "best" funds (like RenTech or DE Shaw or Two Sigma), you have to consider whether they're still able to extract economic rents after market evolution and AUM growth (again, capacity management is a key signal) - and more importantly, whether investors are compensated sufficiently given top-tier hedge fund pricing power. RenTech was well known for their 5/44 fees; DE Shaw re-raised to 3/30 from 2.5/25 for much of their funds last year; they used to have 3.5/35 assets (on a minority of funds) and their flagship fund was 3/30 for most of the 2000's.) Fwiw, my admittedly industry-biased impression is that these shops do still add value net of fees (at least for their main funds). + +Fundamental long-short hedge funds generally have a massive structural disadvantage for investors, since most L/S funds have decently + beta to equities and/or run notionally long as well (though the latter is unimportant, it often causes the former), even after some hedging/shorting. You're almost always still paying 2/20 or 1.5/20 fees on the beta component (well, to be fair, let’s just consider to “20”), whereas the fair price on equity index is close to 0 (or fine, a few basis points). This is an insane, massive hurdle to beat. Imagine if your L/S fund has 0.5 beta to markets (and assume 7% nominal returns for equities) - you're already down 0.50% right out of the gate, even without considering the tax disadvantages. + +In general, L/S fundamental shops don't add expected alpha (especially net of fees); a small minority probably do, but the noisiness of returns / relatively small number of bets (relative to systematic funds*) makes it almost impossible to know ex-ante which funds are value-additive (unless, say, you're working at the fund). Sure, some funds will realize alpha ex-post, but that's no different than Warren Buffett's coin-flipping competition example - even with no skill, you'll have winners and losers that beat the markets, but that's not an argument for investing in a lucky coin-flipper. Put differently – say you can get in at the ground floor on an up and coming hedge fund. You know that the PMs are passionate, intelligent, dedicated, have great CVs, track records at their previous shops. Guess what – that describes tens of thousands of folks, most of whom won’t generate outperformance net of fees, taxes, etc. + +In addition, it's relatively rare to see L/S funds resist the urge to gather assets, rather than manage capacity and close to new investors. This makes perfect sense - there's a ton of ill-conceived demand for HF investments from investors w/o sufficient experience evaluating such funds and are excited to participate in an exotic asset class. They're often throwing money at funds w/ hot track records, failing to recognize that a great track record at $50mm AUM is not very indicative of performance at $2B or $10B AUM. If you're a fundamental manager, it's incredibly difficult to generate repeatable alpha and new investment ideas - why wouldn't you take on lots of assets if you're getting paid on AUM as well as performance, even if that degrades returns? + +Finally, but perhaps most importantly, the tax efficiency of most HF strategies is just awful - turnover results in lots of realized gains (if you're lucky); I'm not a fan of most PE investing for HNW individuals, but at least most of the realizations tend to occur once, and years down the road. If you've got enough money in your self-directed solo-401k, fine, but that's not an option for most folks, even those in FatFIRE. + +I do think there's value in alt beta / exotic beta / risk premium collection strategies, as long as they're properly priced and recognized as such (and even more so if they're tax-aware) - the problem with many hedge funds is that they still charge 2/20 fees without acknowledging that all they're doing are crappy versions of such systematic bets. Without really reviewing the landscape of providers, my handwave-y guess is that places like Kepos Capital and Stone Ridge are probably some of the better players in this space, though Kepos has super-high minimums (and is geared towards institutions), and Stone Ridge charges (appropriately) high fees. I have no personal connection to them, though I looked at them briefly in the past (more than 5 years ago) as competitor research, so for all I know management has changed, blah blah blah. + +One more thing - you ideally want to diversify your idiosyncratic exposure to single-HF operational, rogue trader, whatever-type risk, but can’t afford to invest in 20 funds. So maybe you’re considering a fund of hedge funds? The vast majority of fund of funds are really terrible, have check-the-box-like approaches (and add another layer of fees), and the ones with access to higher quality underlying funds often charge more as well; I've probably only come in contact with one that ever added value, and it explicitly kept its beta ~0 or even mildly negative. It also charged appropriately, maintaining the increasingly rare 1/10 additional fee layer, which makes it a hard sell, and had institutional-level minimums. + +This is rapidly turning into another quarantine-diatribe, so I’ll close by commenting quickly on academic research into performance persistence among HF managers. Briefly put, there’s no strong consensus, but lots of evidence suggests that persistence is low (1 year or so is the limit), except among _bad_ performers, where longer-term persistence can be observed (heh). Also, higher persistence seems to be weakly predicted by lower betas to major factors (like the equity markets); this is completely in line with my priors on manager incentives and sorting etc. Granted, these studies tend to be slightly unfair, since the HF return databases they draw from will not have data for many of the most successful funds (which, lacking a need to fundraise, often keep performance data private) – but this is another commentary rabbit hole. + +Source: worked at a few of the largest hedge funds while in college and straight out of college since 2000, and consulted part-time post-FatFIRE'g for a fund of funds (on constructing in-house systematic strategies / total portfolio products, not on hedge fund selection). + +*-This is a relative statement- you obviously can have systematic strategies that are really making the same bet over long time periods w/o any crashes, only to lose years of PnL in a single crash episode. Still, performing portfolio attribution analysis, or considering research process, etc. in a systematic strategy context, yields much less statistically (and qualitatively) noisy results than for a L/S fund with relatively few, fairly chunky bets. + +**tl'dr: generally speaking, don't do it as a HNW investor, even if some institutions can play in the HF market successfully. here's a long list of reasons you'll be taking it on the chin if you do.** +### TLDR: + +Simplex Trading LLC is the last remaining financial entity listed in the Bloomberg Terminal’s list of PUTs for GME maintaining a file date for their positions of **3/31/2021**. They also hold the largest number of PUTs (80,702 contracts), twice as many as second in line Susquehanna, and are the highest percentage out (10.550%) among those listed. All other PUTs have since been re-filed on **6/30/2021**. + +I believe these dates indicate historical Collateralized Loan Obligation (CLO) activity associated with GameStop and provide an indication of what to expect as we move towards **9/30/2021** and onward. + +### Background + +In January, February 2021 $126.6 billion of loans were said to have been repriced ([S+P Global - March 12th, 2021](https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/quick-take-us-clo-refinancing-and-reset-activity-surges-63108875)). + +Archegos was liquidated between March 12th and March 26th, 2021 ([Credit Suisse - July 29th, 2021](https://www.credit-suisse.com/media/assets/corporate/docs/about-us/investor-relations/financial-disclosures/results/csg-special-committee-bod-report-archegos.pdf)). It’s been said that the firm turned **$10 billion into an estimated $100 billion** worth of assets ([Bloomberg - April 3rd, 2021](https://www.bloomberg.com/opinion/articles/2021-04-03/the-number-of-the-week-is-100-billion)). + +> “Typically, for new-issue transactions, the CLO debt tranches are collectively 10 times the size of the notional amount of the equity interest.” - https://www.stout.com/en/insights/article/primer-valuation-clo-equity-financial-reporting + +On March 26th, 2021 the Fed reported a daily Reverse Repurchase amount of $11.4 billion. By March 31st, the daily Reverse Repurchase amount skyrocketed up to $134 billion. An increase of $124.297 billion. ([St. Louis Federal Reserve - RRP Chart](https://fred.stlouisfed.org/series/)). This was notable because the Fed’s RRP activity had been effectively dormant until this uptick. + +### Hypothesis + +As evidenced by the volume of CLO repricing in Jan/Feb, the end date of the Archegos liquidation, proportion of equity compared to total Archegos assets and uptick in RRPs on March 31st, 2021 my reading leads me to believe that Archegos was more of a CLO Manager than Family Office and that some of their positions (illiquid investments in junk-grade CLOs) were auctioned off and then repriced to SOFR at the end of March 2021. + +Historically CLOs were priced off 3-month LIBOR but, out of concern the benchmark was being manipulated by financial institutions, the Federal Reserve is in the process of transitioning CLOs to their own rate called SOFR that is based on the daily RRP amounts ([Bloomberg - July 8th, 2021](https://www.bloomberg.com/news/articles/2021-07-08/growing-clo-market-has-a-libor-transition-problem-on-horizon)).