diff --git "a/reddit_finance_43_250k_230.txt" "b/reddit_finance_43_250k_230.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_230.txt" @@ -0,0 +1,10000 @@ + +This is the beginning of what I want to do - i want to make sure that EVERY ape who wants to find the DD on swaps theory, or mayo mentions, or whatever else, they can find it. + +# here it is... + +method of access 1- [apehistorian.com](https://apehistorian.com) \- first link you see on the main page + +method of access 2: this beautiful powerbilink: you SHOULD be able to access it without logging in at all - here is the link (yes thats what powerbi links look like, i cant make it look any different): [https://app.powerbi.com/view?r=eyJrIjoiMDljZTA3NGUtMjJiYS00YjQwLTk5MTktM2VlNWQ5ODViYjM5IiwidCI6IjI4YzVlNGJkLTVkNmMtNGI1OS1hMGU5LTBhMjQ0Mzk4OTNiZSJ9](https://app.powerbi.com/view?r=eyJrIjoiMDljZTA3NGUtMjJiYS00YjQwLTk5MTktM2VlNWQ5ODViYjM5IiwidCI6IjI4YzVlNGJkLTVkNmMtNGI1OS1hMGU5LTBhMjQ0Mzk4OTNiZSJ9) + +&#x200B; + +so if you were to go this page you should see something like this: + +&#x200B; + +[note this contains all posts so be aware and filter accordingly.](https://preview.redd.it/ayfnlaw844y81.png?width=1778&format=png&auto=webp&s=627067e58dd6e31b2c8c95cbc72591f12d4c45a6) + +&#x200B; + +and yes if you have an ipad it works on ipads too... and iphones and androids and any web connected device in the last 15 years. + +&#x200B; + +[works on ipad and mobiles](https://preview.redd.it/zovoq8b364y81.png?width=1389&format=png&auto=webp&s=a20b174ecd64e4839a0926820651f54212510502) + +for those who havent used powerbi before, please note that you get additional context menus as you mouse over the elements - they will be in the top right most frequently. + +note you ~~also have hamburger menus that allow you TO EXPORT the data, but only 150k rows at a time - but still, that should let you quite easily export a shitton of posts as you can query them.~~ apparently this doesnt work if you publish an app on the web - i am looking for a workaround - + +&#x200B; + +# Changelog and best practice: + +do not try to search the entire database for all mentions for "mayo" - especially if you do it via the "post content" search bar - aka the entire posts content - it is just going to take ages to process. filter by flair, or time period or author first. + +&#x200B; + +if you want to search for specific posts, do try to narrow them down by flair, data, author, or title - the filters are dynamic so if you want to search only for posts made in the last week or two - filter for that first, then filter for the rest of the conditions. + +dont forget to clear the filters from the text search or drop down menus - especially if you think a post should exist but it doesnt - a perfect example is if you search for all authors with the letters "cr" you wont find any atobit or happyegg posts. + +# functionality that works: + +1. full post search, with subreddit filtering (this is all subreddits so be warned) +2. full filtering ability by subreddit,author, text title (or part of it) fulltext content (or part of it), date range, and flair. +3. MOST posts from march 2021 to now. definitely not all posts-see below + +# functionality that WILL work: + +1. full categorisation (see columns that are named as "coming\_soon") +2. this is NOT all posts - the bigger database is coming in the second tab (work in progress, wip for now). +3. all posts from nov 2020 (yes from the UUSB sub as well) to now - in a seperate page (which is now made but hasnt yet been done) +4. FULL comment search (this could be tricky as i will need to figure out how best to approach it)-its likley i will have to get rid of all comments that have scores of less than 5 or are "this is the way" and similar. +5. a full database of memes, by time period. (you should already be able to do this with some clever filtering though). + +enjoy, and let me know if this works decently well for your research, the dd hunts, everything. it took a little bit of time and wasnt free - and no i am not asking for donations. but you have it for at least 3 months as ive earmarked funds towards this - but if there is insufficient traffic ill have to consider going down a cheaper route, sorry fellow apes and appetttes. + +&#x200B; + +Ape historian. + +Hedgies are so fucked. + +some fun searches (within superstonk sub): + +either in title or post content: swaps, swap theory, cycle, cycles, sec, finra, rehypothecation, basket, cellar boxing, griffin, point72 and so on. query away fellow apes: + +ps- you can press CTRL and make multiple selections fyi + +# search away fellow apes +Happy tuesday everybody 🤗 +Welcome to the german launch pad... we don't know when we will start but we know that we will someday. +So grab yourself some german beer and relax 👍 + +Current price "115 minutes in: 145.97 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 $! +https://www.ls-tc.de/de/aktie/gamestop-aktie + +Can you post the volume too? +- +I can't see the volume on my banking app but you can find it online or probably in my comments, since some friendly apes talk about it often. +But remember how low the volume is in the US pre-Market and we're talking pre US pre-market here so I think that the volume doesen't reeeeally matter this early into the trading day. + +Why are you doing this every day, what's the point of posting these numbers, since the volume is nothing compared to the one in the US? +- +I think that it's less about the numbers, it's to show that every minute of every day, there is an ape who's holding GME. +Look through the comments, there are people from all around the world just wishing each other a good morning, how awesome is that? +I think that this feeling of camaraderie is crucial, it's good to know that I'm not the only one liking this stock. +I'm holding since november and I will continue to hold for my brothers and sisters. +We are not a union, we are all individuals who like the stock, but we're still family! + +Starting: 145.97 US-$ + +5 minutes in: 144.76 US-$ + +10 minutes in: 144.76 US-$ + +15 minutes in: 144.76 US-$ + +20 minutes in: 144.76 US-$ + +25 minutes in: 144.76 US-$ + +30 minutes in: 144.76 US-$ + +35 minutes in: 144.76 US-$ + +40 minutes in: 145.12 US-$ + +45 minutes in: 144.69 US-$ + +50 minutes in: 144.69 US-$ + +55 minutes in: 144.69 US-$ + +60 minutes in: 144.69 US-$ + +65 minutes in: 144.69 US-$ + +70 minutes in: 144.76 US-$ + +75 minutes in: 144.76 US-$ + +80 minutes in: 144.76 US-$ + +85 minutes in: 145.12 US-$ + +90 minutes in: 145.30 US-$ + +95 minutes in: 145.30 US-$ + +100 minutes in: 145.97 US-$ + +105 minutes in: 145.97 US-$ + +110 minutes in: 145.97 US-$ + +115 minutes in: 145.97 US-$ + +The US pre-market is about to open so that's it for the day 🇺🇸 +I'll see all of you again tomorrow, take care +...and let's give 'em hell! + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Hi, just wondering how do you guys protect your assets in case of divorce or lawsuits? I have read about Cook Islands trust together with llc may provide protection but there are many charging at over $10k. Is there any budget ways for asset protection? +First of all, don't judge me... I was watching Survivor last night when I saw a most unusual commercial. It was from the [CDIC, the Canada Deposit Insurance Corporation](https://www.cdic.ca/). I couldn't believe my eyes! Tell me why there are commercials, during prime time TV, informing us that our money is is insured?! JESUS! Tell us something BIG is coming without telling us something FUCKING HUGE is coming!!!! + +Go to the CDIC site and the commercial is right there on the front page. +First of all, don't judge me... I was watching Survivor last night when I saw a most unusual commercial. It was from the [CDIC, the Canada Deposit Insurance Corporation](https://www.cdic.ca/). I couldn't believe my eyes! Tell me why there are commercials, during prime time TV, informing us that our money is is insured?! JESUS! Tell us something BIG is coming without telling us something FUCKING HUGE is coming!!!! + +Go to the CDIC site and the commercial is right there on the front page. +I felt like I needed to get this off my chest. I've lurked this sub for over a year. Throughout the pandemic, this subreddit and the discord have been my home. I turned $800 into $20k, not the most money, but the most fun I've had in some time. You guys have made me laugh. You guys have made me cry with bad options plays. You guys have made a lonely time less lonely. I've never been more excited to see others make money while I watched on the side. + +Today, like us all, I've been reading through news. William Gavin, Secretary of the Commonwealth of Massachusetts, told Barron's we should halt Gamestop for a month to let it cool down because "small and unsophisticated investors are probably going to get hurt by this.” + +The outrage, to attempt to save big money while saying its to protect us. He said we are vulnerable. He said we are too "unsophisticated" to understand our risks. He said that shorts at least are sophisticated. Its so stupid its laughable. As if we are simply children mashing buttons. + +We are adults, with crayons. + +So Bill, please tell us how vulnerable we are tomorrow. + + +“I think the little guys you describe are probably the ones most likely to get hurt,” he said. “Those that are more sophisticated—who might be shorting—they may get hurt, but they’re more sophisticated. They probably understand the risk they’re taking.” + + +EDIT: Please dont upvote. Just hit 6.9k Karma. + +EDIT 2: Too late, karma to the moon. +Took a big step toward killing off my mortgage today. I refinanced last October to 15-yr fixed 3.125% and had a $100,000 balance. I took a chunk of savings, plus my pay from some contract work, plus my state and federal refunds (a total of $40,000) and applied that as extra principal in my last payment. Man it is scary writing checks that big! + +Over the life of the mortgage this automatically saves me $18,400 in interest compared to if I paid full term. It also shaves over 6.5 years off my time to payoff, even if I just make the normal payments. But I'm hoping if I can keep saving at the rate I have been that payoff in 4 years might be possible. + +Pay early if you can! Even small extra payments to principal mean huge savings in the long term. +In 2020 the company I work for gave me a 401k. They match my input of 5% of my paycheck. + As of today I have earned 1% of my deposit including employer contribution. The account was set with default settings as I did not adjust anything. It is set to 90% stocks, 10% bonds. + +This earnings percentage seems terrible to me. Am I looking at this wrong? + +What are typical ROI's for this set-up? + +What can I do to better my ROI? + +I called the company which I have the 401k with and they were not very helpful and said they would refer to their team and email the answers to my questions. I'm very curious if others have experienced anything similar or if any professionals have any advice. + +Thank you for taking the time to read this. +If you had to roll for a credit do you mark that closing option as a loss in your journal or is the trade still alive in your eyes? + +Edit: Do you count it towards your Win/Loss ratio? +Hello, + +We are a late 20s couple both working as Software Engineers for FAANG companies. Our combined total income is around 750,000-800,000. We have a net worth of 1.3M with around 1M in equity and 300,000 in our primary residence. + +We are contributing between 250,000-300,000 every year into equities \[index funds\] and that's pretty much it. Our work is very hectic and this has so far allowed us to focus on our careers and whatever is left, on family. I brought up the thought of dipping our feet into real estate investing - starting with condo and working our way into multi-family residences. + +My wife feels that we should just stick with equity investing since it doesn't require much of our time. I feel we could build up significant wealth if we carefully use leverage to our benefit in real estate investing, but do agree that it would require a lot of time initially to learn things and get it bootstrapped. + +I was curious what others here might feel or if you have any alternate suggestions. Thanks for your time. + +&#x200B; + +\[EDIT\] : Thank you all for the replies! Sounds like the wife is right :) Going to focus on building up capital by staying in the current path and once I reach critical mass, try out something else like RE. Love this community! +Can you share your experience? + +1. The level of your schools recognition? +2. Did/Do you have only a Bachelor or Masters too? +3. The interview steps? +4. How did you prepare for the interviews? +5. Personal projects that you had during that time? +6. Any details on the interview that is not spoken a lot? +7. Are you HFT or day trading in general? +8. Did you have any ML in your interview? + +&#x200B; + +Thank you +Because of the interest, I'm making a top level post with a link to my personal finance materials. +I've anonymized it (I hope) and put it on a public share. + + +https://pixeldrain.com/u/dsHN33xk + +The link is to a PDF and is targeted at late teens and early twenties. +I used it mostly with nieces and nephews when we set them up with investment accounts. +It focuses mostly on saving and investing as opposed to, say, personal finance in general. +It's _not_ intended to simply be handed out to read. +I use it more as talking points (I.e. a powerpoint in PDF format). +The PDF does have active links that send the user to web sites with additional information but you'll need to download and use a PDF viewer to access those I think. + +I've found that the information is a bit overwhelming and a bit without context when presented to high school age kids. +Late college and early career ages are much more receptive. +In our case, we've opened and funded Roth and taxable brokerage accounts for the kids as +part of the larger goal of getting them interested in saving/investing. + +I'm open to suggestions for additions or changes. +The native format is an MS Word document which I can also provide. + +--- + +If you want information about the Reality 101 program we hold at local schools, +you will have to message me an email. +My contact at the Chamber who managed this program quit a week ago Monday +and the replacement doesn't know a lot about the program. +I am working to try to get more information but the new person is swamped trying to get up to speed on many different programs. + +--- + +This post is a follow up to the following 2 posts - which also have some useful commentary. + + +https://www.reddit.com/r/fatFIRE/comments/s07mc6/do_you_tell_your_youngish_children_how_much_you + +https://www.reddit.com/r/fatFIRE/comments/s52j56/how_do_you_teach_personal_finance_skills_to_your/ + +**EDIT** Thanks to all for the kind comments. +I save 33% ($300) of my income a week. No debt. 10K savings. 29 y/o nurse. + +Since I bought my car and my savings dropped I've been obsessing over my finances to an unhealthy level. I feel guilty if I have a day to myself and don't pick up extra shifts. I can't even spend $5 on myself without worrying about my savings dropping. + +I grew up poor and my parents were always stressed about money. I'm a kiwi living in Aus and worked through the pandemic while studying nursing as I had no access to StudyLink/CentreLink. I think I'm still in survival mode. Obviously I don't want to see a psychologist as that would stress me the hell out paying an $80 out of pocket fee! + +Does anyone have any advice about letting this go? I know logically that I'm saving enough but I feel anxious anytime stuff comes up that I need to pay for. It's exhausting. +I just don’t really see what they add, other than marketing and some basic negotiating, which you could do yourself. + +I don’t see what warrants a 2% commission. Is it legal to sell without them? + +Edit: this or assuming you go through a legal agency and get all the proper legal contracts drawn up yourself of course +Title basically says it all but I wanted to show some pictures to go along with it. As you can see through the 2017 and 2018 timelines the Reverse Repos peak at the end of month as demand for collateral skyrockets for debt settlement etc. + + +[Reverse Repo Agreements through 2017 showing EoM peaks.](https://preview.redd.it/fn23csaixs371.png?width=2228&format=png&auto=webp&s=dd3a8b54149cab857c9576834e9ff8ae2eba1dad) + +As we can see in the above charts the peaks follow an interesting pattern. It definitely is explainable (probably by some more wrinkly of our kind in here) and the pattern is predictably comforting. + + +But now, look at what has happened in June 2021: + + +[The reverse repo agreements is sustained past the EoM peak](https://preview.redd.it/5jojr6s3ys371.png?width=2228&format=png&auto=webp&s=69cf8b0a1d2cf14c6cc3974aa1f7996e317652ee) + +Look, I am not going to be drawing any conclusions from this - but there seems to be increased demand for treasuries beyond the end of month obligations (or whatever reason the agreements peak at end of month usually). + + +What will be VERY interesting moving forward is an observation of either increased reverse repo activity OR sustained peak through June. This activity is unprecedented as far as I can tell. + + +This may or may not be related to GME. I really need some smarter apes to sound off below and maybe calm me down? Are we witnessing the great collateral squeeze starting? Who the hell knows really. +I'm losing my father unexpectedly and quickly to terminal illness. It's awful. He took me to meet with his finance person last week and I found out that there's a lot more coming to me than I ever anticipated. It's already in the hands of a respected financial advisor firm that are going to help me out whenever I lose him. I'm very overwhelmed because I've never had to worry about more than mid 5 figures per year and a very modest savings and 401k. This is a lot more than I've ever had to keep up with. + +I'm shutting up and not saying anything to anybody. But there are some family members that definitely know I'll be inheriting some things. I'm nervous on how to handle it and my father told me outright that he doesn't want me to cave to anyone that would ever ask me for any money after he's gone. he specifically named my mom and his brother. I feel the added pressure of his request, and I want to honor it. + +It also feels like a huge secret to hold onto and I hate having to keep secrets. My family also has bad spending habits and I live pretty modestly. I'd like to just keep the money invested and have it to help my own retirement down the road, and maybe give some of it to my own kids one day. +Before February I was making money everyday whether it was a little or small amount. Ever since major events happened in February I’ve been down by so much. Everyday is a red day. Worst part is I can’t even sell because I’d be losing money. At least my stocks are long term investments and hopefully they’ll go back to green soon. + +Edit: hopefully we all go back to green and gains soon... +I read claims recently that there are "psychological barriers" below which Tesla could not fall. At one point, the "barrier" was claimed to be $1,000. Then $900. Most recently I saw claims it was $700. + +There clearly are no barriers. Some folks try to make them sound more real by giving them names like "support level". + +I am really bullish about Tesla as a company, but really bearish about the price. If it hits $160, I will start buying, and then DCA from there down. +Prosus has had its share of attention in the value forums, at least partially because Mohnish Pabrai said he sold BABA to buy it. The value proposition was depending on how you look at it: a) You are buying a great tech company Tencent at a discount, or b) The cap of the company equalled the valuation of its Tencent position, so you were buying the rest of its portfolio for free. +Now Prosus announced it would sell Tencent to finance share buybacks. +How is that supposed to bring value to the stockholder? They are selling a stock that is supposed to be undervalued, probably putting even more pressure on its price in order to buy back shares in a company, that few would have wanted to buy in the first place, if it weren’t for Tencent. +Doesn’t this mean that the prosus stockholder now has to TIME his own sale of the Prosus stock at a point that the stock price is inflated through the buybacks and not be stuck bagholding a random holding company? +Or is one to expect that the percentage of share buybacks will be so great, that the little percentage of remaining shares will be rewarded with a handsome Net Asset Value per share? + +Please explain and in return I give some great advice: + +Don’t piggyback on things you don’t understand. +Now he said that it’s much harder to invest $10mil than $1mil and exponentially harder to go from $10mil to $100mil. Now I have far under $1mil, where should I look? Small cap is an obvious one but I feel like $10mil is not a lot to work with in small caps? Why would it be so much harder to invest $10mil than $1 mil in the small caps? Most liquidity in small caps could easily support a $3million position. + +Even adjusted for inflation the difference is $1.5mil to $15mil roughly. I just feel like I’m looking at the wrong places with such a small amount of money I have. Anyone know where to look? Should I be looking at penny stocks or something? +For the past year, I've wanted to create a small group to bring together a diverse group of people who consider themselves apprentices of value investing. The aim of the group would be up to the people who are interested, but I have several ideas: + +1) A monthly book that we not only read, but dissect chapter by chapter for understanding. This could be done in a shared Google Sheet for past reference. Having cliff note versions of books such as Margin of Safety (Klarman), Security Analysis/Intelligent Investor (Graham), Fisher, the Buffett Letters, etc. has the potential to be an incredible piece of IP. It would also allow for questions to be asked regarding difficult-to-understand topics that could serve as jump-off points for further conversation. + +2) A safe place to practice systematic due diligence and idea generation that can be critiqued by peers. While I love Reddit, I often wish for more depth in discourse in a community where the people come to know one another, if only by screen name. Furthermore, it would be a nice way to limit the people we see on multiple investing subreddits who are assumed to be pumping stocks. Guy Spier and Mohnish Pabrai often talk of how much enrichment they have gotten in life by investing their time in each other and fellow value investors. + +3) I don't know about yall, but the lack of friends/family in my daily life who are interested in this subject is basically zero. Ever read a cool piece of research and are excited to discuss it with someone only to realize nobody really cares at all? Same. + +&#x200B; + +If you find yourself interested, please feel free to reach out to me; I am willing to organize this and take ideas as to what this group could possibly be. I want this group to be inclusive but recognize that to keep the content high-yield, there will have to be some sort of inclusion criteria. Again, open to suggestions on this. Cheers. +When I first started in June (I know not that long) I bought a bunch of things I now consider to not fit my investment philosophy. This is because as I’ve learned through the past few months, my philosophy has changed from buying companies I knew, to buying companies with a large margin of safety. My question is, did other people experience the same things? I’ve probably sold half of the stocks I started with once I learned how to read a balance sheet. I’m also worried my philosophy will keep changing as I read and watch more (berk annual meetings, google talks). I have a copy of the first edition of Security Analysis coming in the mail and I’m so excited! So what is your value investing story, and did you have a similar reallocation once you realized what investing is actually about? +I understand that as part of the Discovery Time Warner merger, all stock classes of discovery (A,B,C) will merge into one stock class of the Merged Entity. + +With regards to this, why is DISCB still trading at such a large premium compared to class A ($27.7) and C ($26.91). I understand that class B currently has 10x the voting rights of normal stock, but those privileges would disappear after merger. Is there something I am missing here? + +Surely it should have gravitated towards the prices of Class A and B by now. +Hi all, + +Coming back here after a long time; 4 years in progress working on an RNN to automate Ethereum trading. The attached backtest is about 14 months worth of Eth data at hourly intervals. I am not sold on it because I have overfit backtests too many times. How can I make sure I'm not overfitting on the backtest? + +The model made a total of 40 trades, 50% win ratio but my avg win amount % per winning trade far outweighs avg loss amount per losing trade. Starting balance in the test is 2000 and ending is 4850 with coinbase pro fees accounted at .35% per trade. + +I have 2 more months of unseen data before the big drop to test on. What are some additional tests/measures that I can use to make sure this holds up in real time? + +https://preview.redd.it/2ruqonlto7891.png?width=2878&format=png&auto=webp&s=7642baa7cb80dedf68cb2f9161fdf30c38b6f7b2 +Beginner question (I think)... I tried to research this, but all I find is simple howtos telling me "what is a limit order"... + +I am trying to work out some strategies that will take emotions out of trading. One aspect I am not sure about is when to sell good performers. There are situation when I don't just want to hold something forever, I want to realize some returns. + +Not yet a full strategy or an algorithm, just one aspect of it... + +Say I bought an asset (thinking about crypto now, but the question applies to anything) at 100 and it is constantly growing, now at 115 and many believe it will go higher. I would be willing to sell if it reaches more than 120. I have two options: + +* Limit-Sell@120: If I do this, I would lock in my earnings but not benefit from further price rises anymore. +* Stop-Limit-Sell (Stop 120, Limit 120): This has the big advantage of me being able to move the stop higher if the price rises further (using trailing stop loss or just manually adjusting or via API, whatever is available), but there are a number of disadvantages: + * The price would first need to reach a level slightly higher than 120, say 125 for me to activate this strategy. If the price reaches 120 and then drops, never reaching 125, I lost. + * If the price drops rapidly at some point, crashing through 120, the Limit 120 order might not find any buyers (sudden movements and lack of demand is not unheard of, especially in crypto). To mitigate this, I could set "Stop 120, Limit 115" - but that would result in a lower total return than the first strategy. + * A sudden price dump with immediate recovery (e.g. from 130 to 110 and back up again) would make me lose the investment, but using the first strategy I would not have earned the benefits anyway, so this is not really a disadvantage in this comparison. + +If I wanted to mitigate the last disadvantage, I would have to work with moving averages, then I would have lag and be playing an entirely different game. I am also working on that, but not really applicable to this comparison. + +Am I missing something? Should I limit-sell or try to implement a trailing-stop-limit-sell for my asset? +Story time incoming: + +My wife and I are DINKS who have been saving/investing pretty hard for a while now. I am on the edge of quitting my fairly high paying (but quite high stress) office job later in the year. + +It has reached the point where the stress is just not worth it any more. Sleepless nights, mental health suffering, etc. It has been tough lately. + +We are in the very fortunate position of now being Coast FIRE. (15 years of additional super contributions have worked out well - compounding is indeed a wonder. And because we are lucky enough to live in Perth, housing is actually an achievable goal here.) + +So I'm about to throw it in and start a gardening business. (I do have genuine interest I'm gardening / landscaping.) + +Now; this will seem like utter insanity to many people on this sub. And I suppose it is. But 15 - 20 years of smart/lucky investing has given us options. I don't see the point of having a Scrooge McDuck pile of money by 60 years of age if i am a burnt out husk in a mental asylum. + +(Side note: my boomer parents are having heart attacks over my plans.) + +I am well aware of the bias of thinking that the grass is greener on the other side. There are lots of downsides to this career path. Working in the summer heat, the rain, manual labour strain on the body long term, less money, etc. There are still other stress triggers which could come up. + +But I think I've finally reached the realisation that money only makes you happy to a certain point. + +Has anyone here done a similar thing? Thrown in a safe, high paying job with air-conditioning and gone and done something financially stupid like I'm about to? +Yikes. Maybe a cautionary tale. For the first time my quarterly dividends have gone down. + +The ones that were cut/reduced +T +BHP +SHEL +VDIGX + +2022 first quarter $550.89 +2022 second quarter $397.02 + +This is just the taxable account. 15 individual stocks and 4 ETFs, account value almost $20,000. Anymore this is why I just try to buy ETFs. I have owned most of these stocks for a few years now. + +Can someone tell me what the lesson here is to learn? Or is this a run of bad luck? I was wondering if I had some missing dividends because it’s the end of the quarter but no, that’s all there is. + +Doesn’t anybody else’s account do this? I’m along for the ride, I’ll just double down and keep on investing. It’s only money but it feels a little stressful getting less dividends rather than more. +"It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price." Ok so i know Warren Buffet is a value investor, and value investors look for shares that are undervalued (i.e. a wonderful price). Growth investors look for wonderful companies at normal prices (fair), expecting the price to appreciate. So is warren buffet saying growth investing is far better?? +I have defended this subreddit repeatedly in other subs, particularly r/economics, which sees this sub as its retarded little brother. I have found, over the past year or so, several great links and conversations in this sub, that have kept me engaged for a long time. + +But, seriously, guys, what the fuck is going on? + +[This post](http://www.reddit.com/r/economy/comments/253ma6/paul_krugman_now_thats_rich_last_year_the_25/) has comments so bad that they make me question my own sanity. I don't want to draw the inevitable r/politics comparison, especially since a lot of these comments aren't so much politicized as just plain stupid. From pot shot ad hominems to a clear misunderstanding of economics, finance, or general investing practices, it's a shitshow. + +[Here](http://www.reddit.com/r/economy/comments/253ma6/paul_krugman_now_thats_rich_last_year_the_25/chdghmp) we're told hedge funds aren't as useful as Wal-Mart because, I guess, Wal-Mart sells physical stuff. So, yeah, I guess Reddit (and Microsoft and Linux and fucking Adobe) are worthless because they don't sell physical stuff. + +[Here](http://www.reddit.com/r/economy/comments/253ma6/paul_krugman_now_thats_rich_last_year_the_25/chdlajd) we're urged to wonder whether the Federal Reserve has directly bailed out hedge funds. No evidence, just baiting. And for proof, the poster links to a Salon article about NAFTA. + +[Here](http://www.reddit.com/r/economy/comments/253ma6/paul_krugman_now_thats_rich_last_year_the_25/chdgb53) and [here](http://www.reddit.com/r/economy/comments/253ma6/paul_krugman_now_thats_rich_last_year_the_25/chdkz0v) we're told how Krugman is a hypocrite for criticizing rich hedge fund managers because he makes $250k per year. ZOMG SO MUCH MONEY! Of course that's about 200x smaller than the sums Krugman is talking about (and his income is irrelevant, since he's pro-capitalist in any case), but he obviously makes more than these basement dwellers, so time to be snarky, amirite? + +For an added bonus, that second quote suggests that hedge fund managers deserve their money because at least they're being paid voluntarily, whereas teachers are being paid involuntarily through taxes. Beyond the mind-numbing stupidity of this is the irrelevance when discussing Krugman, who has worked at a private institution for years. + +Then we've got [this guy](http://www.reddit.com/r/economy/comments/253ma6/paul_krugman_now_thats_rich_last_year_the_25/chdgc01) insisting that monetary expansion is a de facto benefit to all hedge funds, which of course ignores the fact that hedge funds often bet against one another, some are hurt by monetary policy expansion, and others have directly lost millions betting that QE would impact the economy one way when it caused the opposite to happen. + +[Here](http://www.reddit.com/r/economy/comments/253ma6/paul_krugman_now_thats_rich_last_year_the_25/chdi23l) is some more snark that contributes nothing. [And some more](http://www.reddit.com/r/economy/comments/253ma6/paul_krugman_now_thats_rich_last_year_the_25/chdfy73). + +I'm not sure how to fix this sub, but I'd like there to be a discussion about cleaning the place up. This is getting ridiculous. +I was talking to my cousin (u/milkMAN11718) this morning who is also a full blown APE (lacking the karma to post on SS) about Dr. Trimbath's tweets. He said, "It kinda puts Ryan Cohen's latest tweet into perspective. Ask not what your company can do for you(Security withdrawal from DTCC), Ask what you can do for your company (individual investor withdrawal from the DTCC, via DRS). + +How much more straightforward does this man need to be?!?!?!? He's literally telling us to DRS!! I'm fully DRSd at this point, anyone holding off for any reason, this should wash away your remaining doubt. LET'S SET THIS MOTHERFUCKER OFFF!!!!! + +OBLIGATORY BUY, HOLD, DRS!!!!! +**TDS on additional payments made when purchasing immovable property** + +From September 1, 2019, while buying a property, you will have to include the payment made for other services or amenities such as club membership fee, car parking fee, electricity and water facility fee and so on when computing the amount paid for the property for the purpose of deducting TDS. + +**TDS on cash withdrawals from bank account** + +Cash withdrawals exceeding ₹1 crore on aggregate basis during the year from an account held with a bank, cooperative bank or post office will invite levy of TDS from September 1. + +**TDS on payments made by individuals and HUFs to contractors and professionals** + +From September 1, individuals and HUFs making a payment to contractors and professionals exceeding Rs 50 lakh in aggregate per annum will also be required to deduct TDS at the rate of 5 per cent. + +**TDS on non-exempt portion of life insurance** + +If life insurance maturity proceeds received by you are taxable in your hands, then TDS will be deducted at the rate of five per cent on the net income portion. The net income portion is defined as the total sum received less of total amount of insurance premium paid. + +**Banks and FIs can be asked to report even small transactions** + +Till now banks and other financial institutions are required to report specified financial transactions if the amount exceeded the threshold limit. In most of the reportable transactions, the limit has been ₹50,000 or more. These transactions were to be reported to the income tax department through a Statement of Financial Transactions (SFT) required to be filed by all banks and FIs. + +However, the government has widened the scope of reporting requirement for such transactions by removing the minimum floor of ₹50,000, above which financial transactions are required to be reported. This has been done via legislation introduced in the last budget. This means that from September 1, banks and FIs can be asked to report even small transactions to the tax department which in turn can use the data to check your ITR. + +**If PAN is not linked with Aadhaar** + +Budget 2019 changed the rules such that PAN will become now become inoperative but not invalid if not linked with Aadhaar by the specified deadline. + +**Inter-changeability of PAN and Aadhaar and mandatory quoting in prescribed transactions** + +Though the new law comes into effect from September 1, the government is yet to notify the certain prescribed transactions. + +[*Economic Times*](https://economictimes.indiatimes.com/wealth/tax/7-changes-in-income-tax-laws-that-come-into-effect-from-sept-1/articleshow/70903104.cms) +I'm 15 and have never bough stocks before but with the economy doing so bad it seems like a good time. I'm planning on following [this guide](https://canadiancouchpotato.com/2019/08/30/td-e-series-funds-the-next-generation/), and buying Canadian, US, and global index funds. The website shows that the e-Series are mutual funds based on ETFs that TD also sells. I don't know what ETFs are but the stock history shows it being more volatile. What kind of account from TD will I need to buy teither of those stock option? +Can somebody please tell me why even some of my friends with economics degrees claim that whenever the cryptocurrency market drops 10-15%, it is all a big scam? + +How about gold, or stocks? + +People feared cars, people feared electricity, now they fear crypto. +Hi, my land lord is having sewer pipe replaced in my house today. Calls me and tells me that it will actually be a multi day job and we won’t have water until Thursday. Offered to put us in a hotel or reschedule. I want to ask for a rent reduction and just stay with family. How much should I ask to be reduced? + +Edit: Asked for a rent reduction and got it reduced by the amount of a fairly nice hotel rate +There are a lot of posts on this sub asking for online broker recommendations. + +I’ve commented on a few of these posts suggesting that if you’re not doing any exotic or exciting trading, brokers are essentially commodities that all offer the same (or a very similar) service. + +If you think that’s true, the main thing you should consider when choosing a broker is the cost. + +But because of the tiered pricing structure of many brokers, it becomes difficult to make recommendations without knowing the average trade size of an individual. + +Realizing this I did an [analysis of brokerage based on trade size](https://i.imgur.com/Ehvj6Oi.png). (Green is cheap. Red is expensive.) + +There are two things wrong with this: + +1. It doesn’t tell you who the cheapest broker is (because the colours are vague) +2. I did this some time ago and new brokers have started since + +I wanted to make a better, more permanent solution. + +So I created a website called [**TradeCost.io**](https://tradecost.io/best-online-share-trading-platform-comparison-australia/) + +On this site you can enter any trade size you want up to $1,000,000 (the default is $1,000). + +Based on the trade size you enter, the brokerage fee for each online broker is calculated and the table rearranges to order them from least to most expensive: + +[**Example of table sorting**](https://i.imgur.com/LnaLIGA.gif) + +If you need extra features or you’re trying to choose between two brokers I’ve provided some standard information about each broker including: + +- Fee structure +- Instruments you can trade +- Whether you can access international markets +- CHESS or Custodian +- Attached account details +- Platform and inactivity fees +- Live data pricing +- Mobile app details + +[**Example of info popup**](https://i.imgur.com/6p3dDb9.gif) + +Some of the cheaper brokers require you to meet specific criteria to access better pricing, so make sure you check those details in the ‘Fee structure’ info. + +A perfect example of this is Saxo who offer ‘Classic’, ‘Platinum’, and ‘VIP’ with each of these tiers available as either participant-sponsored (CHESS) or issuer-sponsored (Custodian): + +- Classic = Initial deposit is between $3,000 and $50,000 +- Platinum = Initial deposit is between $50,000 and $1,000,000 +- VIP = Initial deposit is over $1,000,000 + +I tried to be fair by including every broker I could find. + +Some brokers who would otherwise be on the list have been excluded because when I called them they weren’t really interested in taking clients who only wanted to trade shares. These were mainly CFD and FX brokers that offer share trading as an additional service to their clients. + +If you think I’ve missed a broker or if any of the info on a broker is incorrect, please let me know. I tried to be thorough and called each broker to confirm the additional information so hopefully there aren’t too many issues. + +I hope people enjoy the site and it helps you out. + +I’m all ears on ways it can be improved so please provide feedback in the comments :) + +--- + +Just as a heads up the SelfWealth link is my referral link. I don’t make money if you sign up, I just get some free trades. +>U.S payment card firms Visa and Mastercard have blocked multiple Russian financial institutions from their network, complying with government sanctions imposed over Moscow's invasion of Ukraine. +> +>Visa said on Monday it was taking prompt action to ensure compliance with applicable sanctions, adding that it will donate $2 million for humanitarian aid. Mastercard also promised to contribute $2 million. +> +>"We will continue to work with regulators in the days ahead to abide fully by our compliance obligations as they evolve," Mastercard said in a separate statement late on Monday. +> +>The government sanctions require Visa to suspend access to its network for entities listed as Specially Designated Nationals, a source familiar with the matter told Reuters. The United States has added various Russian financial firms to the list, including the country's central bank and second-largest lender VTB + + [Visa, Mastercard block Russian financial institutions after sanctions | Reuters](https://www.reuters.com/business/mastercard-blocks-multiple-russian-financial-institutions-network-2022-03-01/?utm_source=reddit.com) +Hey all, I’ve been on this sub for about 5 years now. + +This sub introduced me to TSLA and NVDA before their blowup, then NET (at one point it was all the rage here) and countless other very good plays before they got “mainstream”. + +I feel like roughly since the spring of 2020, this sub has gone down in quality. Seldom do I find good tips, companies to look into, or simply “finds”. + +Any other “vets” feel the same way? Has the discussion moved elsewhere? + +Edit: so, Discord? +I’m not a crazy amazing chef or anything but I know my way around the kitchen and pack lunches every day (partly to save money, partly to eat better, partly to save time on lunch breaks). Coworkers have noticed my yummy lunches and now a few of them are purchasing lunches from me every week. It does take a little extra time in terms of meal prep but it sure helps bring down the grocery bill. + +I know this might not be possible for everyone but if you’re already packing lunches for yourself it may be an option for you too! + +Edit/clarification: a couple people have mentioned that it might attract legal and/or workplace trouble, but I’m not too worried because due to time constraints on my end it will never grow to anything bigger than a handful of people. As far as the company handbook goes I’m in the clear, but thanks for the concern! +**Edit**: Adding this here to say that I had about $1500 in taxes withheld from my paychecks over the course of 2015. I received $4200 in my tax refund. So everyone commenting that I'm giving the gov't an interest-free loan is not 100% accurate. + +**TL;DR: /r/personalfinance pushed me in the right direction about my financial decisions. I'm still a noob at this, but I'm learning a decent amount along the way.** + +I don't post here often, but I do browse threads that pop up occasionally. I read that paying off my credit card debts is the best idea for anyone with any income level. I'm a minimum wage earner, unfortunately, though I do work upwards of 60 hours per week, which ends up adding to a decent amount at the end of the month, and I am a part-time college student + full-time father. In the past, I've used my tax returns for stupid ass purchases, such as a new motorcycle back in 2011 or spending the full amount in a few short months doing "fun" activities with family and friends, including but not limited to visiting Disneyland and paying for a few friends who've never done anything similar for me (I don't blame them; they were smarter with money than I was). + +Some time this past summer, I came to my senses about money. I still have 3-4 years of college left, and that's assuming there isn't a delay along the way and/or I'm able to get into the last few science classes I need. + +At any rate, I began browsing /r/personalfinance after making a stupid car purchase ($13k loan; long story. Should've bought a cheap beater for daily commuting use, but I didn't have much cash. Regrettable decision, but one I can't change now with the value of the car being 60% of the remaining loan balance). I realized I needed to change. In my mid-20's now and as pathetic as it may sound to say this, I'm happy to say that even with a minimum wage job, I still managed to save up $5k between Aug 2015 until now, which obviously includes the remainder of my tax return amount. + +It feels good to know I won't be spending $150-$200+/mo paying down stupid ass credit cards that I maxed out not too long ago. I intend to keep one card and use it for small purchases, such as gas, textbooks, etc, but pay the amount off every month before they charge interest on my purchases. This is just to keep my credit score up. (If anyone suggests otherwise, please explain why. I've read both sides of this and decided keeping one credit card while being smarter with my purchases shouldn't be too devastating a decision.) + +Anyway, I don't have anything of true value to add at this point. I just wanted to say thank you to all you helpful folks. I feel I'm better prepared for adulthood with some of the financial advice I've read through this sub. If buying gold for everyone whose post helped me along the way weren't a huge waste of money, I'd do it. Just know that I am giving you guys gold in my mind, and the financial lessons I've learned through here have been of incredible value. +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! +Good Morning Apes! + +I want to address what happened yesterday, I overslept and woke up minutes before market open. I know a lot of you rely on this this post for your day-to-day info on your favorite stock and I really picked a hell of a day to be MIA. The exhaustion of the move caught up with me. + +Hopefully I can make it up to you with some juicy analysis of, what in the actual fuck happened yesterday? + +As we know MM have T+2 to settle naked/synthetic shares or operational shorting. + +ETF APs However have a different settlement schedule, one which I have not been actively tracking but was looking for evidence of. AP (Authorized Participants) have T+6 to locate a share after creation and then if one is not found the trade is marked as a fail-to-deliver. + +[👀](https://preview.redd.it/xlb2r0cykkx71.png?width=642&format=png&auto=webp&s=b29dd7130968fafbd5e31d6efd64973f9881f88d) + +A lot of my current theory on these cycles ties into ETFs being the cause of the quarterly runs on GME as their Quarterly Options and LEAPS account for the beginning of each of our run up cycles. I however have not paid a lot of attention to their FTDs. + +For good reason ETFs have not had a large number of fails since January. + +[However those fails do seems to line up with periods in which GME runs and the spike shown here to the right is the highest number of fails all year double what we saw in January.](https://preview.redd.it/0kr3784qlkx71.png?width=1947&format=png&auto=webp&s=603bde223e499a413dee85e227382c0e76529ca8) + +My theory was looking at the 26th for GME FTDs allowing for a settlement of T+2 pushing out to the 28th. + +Well the **26th was exactly T+6 from yesterday's price action**. So we can see that the covering of those FTDs we were looking for last week settled perfectly within the ETF settlement period. + +This is also the reason the rest of the retail basket stocks ran... + +[GME \(blue\), M, Sticky floor stock, EXPR. There are more but the noise makes it hard to visualize.](https://preview.redd.it/pgxftaagnkx71.png?width=2251&format=png&auto=webp&s=241723bfc86ec358c870ba5916f53bd70615958c) + +So for right now it appears that the fails from the secondary market are significantly higher, likely due to the large number of shares made available from GME ATM offering and ETF rebalancing last quarter (12m +). + +I will start back tracking ETF FTDs and add that information to my upcoming analysis of these cycles as previously I was only focused on GME FTDs and ETF/GME gamma exposure. Hopefully, adding this will add more polish to these cycles as we understand them. + +Some questions a lot of people were asking yesterday... + +Q: "Does this effect expectations for 11/23-24?" + +A: No it does not the events expected to unfold on that date are related to options hedging (delta-hedging and gamma exposure) not FTDs. + +Q: Is this because of BBBY ? + +A: It's possible the news of BBBY's share buyback may have made them cover more aggressively. Their plan to buy $1b worth of shares back is over the course of the quarter and not likely to have an immeadiate impact. + +If any fails remain, the orders for those shares will have to already be placed. So we may have another volatile open. + +&#x200B; + +For more information on my futures theory please check out the clips on my YouTube channel. + +Check out this weeks analysis here: N/A + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, **190**, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Market + +Nice little bump into close leaves us staying strong in the 215 -220 channel this is a bit of a tough spot to crawl out of historically but on the flipside of that it's hard for them to push down as most GME holders are ITM and nobody is selling. Tomorrow we should realize some gamma exposure from yesterday price action and possibly some more ETF FTDs coming in. I will weigh in on this tomorrow in the pre-market. Thank you all, have a good night! + +\- Gherkinit + +https://preview.redd.it/1kdprkptxmx71.png?width=704&format=png&auto=webp&s=2594b2038a0ab84e0e6b16f16ef881d381f4908f + +Edit 6 3:52 + +Doing a bit of a thing right before close + +https://preview.redd.it/txdcbr7pvmx71.png?width=1602&format=png&auto=webp&s=3f327a175b8dbe167712fcc106f8c6041681e775 + +Edit 5 1:22 + +Failed the resistance and the support at VWAP looks like we will move down slowly or stagnate around VWAP due to low volume. + +https://preview.redd.it/kj3rzy735mx71.png?width=1585&format=png&auto=webp&s=6aac7bc26d6d514fceea9eb8e58209ef50dd42c5 + +Edit 4 12:27 + +Having a hard time breaking the 225.20 resistance. Remember this was the average price for the GME ATM offering. + +https://preview.redd.it/icqe35b7vlx71.png?width=1592&format=png&auto=webp&s=6257c5f11e04d6c148812d6511b910022be2acd6 + +Edit 3 11:09 + +Break to the upside of this ascending triangle this should have been bearish, indicating increased or increasing buy pressure. + +https://preview.redd.it/7w0i5f66hlx71.png?width=1612&format=png&auto=webp&s=486604fdf3bdba77c7ff95f9fd996c59fd830539 + +Edit 2 10:40 + +Looks like a H&S on the 1m probably more downside into lunch + +https://preview.redd.it/6edbmuv0clx71.png?width=1604&format=png&auto=webp&s=c47490ed16de049eed0bc95a7b3e13eb2b7c8269 + +Edit 1 10:10 + +Post is back up so hard short down to 211 looks like we found some support currently moving up to test VWAP + +https://preview.redd.it/ktoqcsyr6lx71.png?width=1584&format=png&auto=webp&s=fb32ce87181ba9cbfbdaf340c6bf627608c30120 + +# Pre-market Analysis + +Pre-market volume is significantly lower today, currently 27k . + +Shares to borrow are as follows: + +IBKR: 40,000 + +Fidelity: 2,135,091 👀 Why? because FTDs covered means shares borrowable goes 👆 + +Pre-market action indicates so far that we won't see a significant number of FTDs satisfied today, however there is likely a large amount of gamma exposure from yesterday that needs to be covered by Friday. I can't imagine they would want to do that on Friday when 0DTE contracts are available. So I expect some volatility. + +[GME pre-market on the 1m](https://preview.redd.it/5q84wiosrkx71.png?width=1603&format=png&auto=webp&s=4b24df97e4067e06977eaa69b76f09b36f63506e) + +As you can see we are currently positioned between 2 long-term trend lines almost exactly in the middle it's equally possible we could push into the upper trend as it is we fall and find support on the lower. The failed test of the midpoint @ $250 and the turn around from $215 yesterday however are bullish. + +[GME on the 1D timescale, Between 2 Trendlines...](https://preview.redd.it/pjzlbsjjskx71.png?width=2460&format=png&auto=webp&s=ddb73b365d36fbd43d6e43d6d774c3c5071b3ff9) + +Also arbitrage hit the first signal line almost the second here on CV\_VWAP. This is the most arbitrage we've seen since the run in June. This is a good sign as volatility picks up. + +[CV\_ VWAP](https://preview.redd.it/qq59zmtxskx71.png?width=2440&format=png&auto=webp&s=df453804055e81e25bb569a5c3a6575d954a4b7d) + +**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.* 😁 + +*\*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/) +Ben Felix put a new video where he presents his optimized ETF portfolio by using the five-factor risk model. I summarized in this table the etfs from his paper, however his portfolio is for canadians, perhaps we can adjust his approach for USA or Europe. + +|Fund|Ticker|Factor Tilted|Benchmark| +|:-|:-|:-|:-| +|iShares Core S&P/TSX Capped Composite ETF|XIC|30%|30%| +|Vanguard US Total Market ETF|VUN|30%|40%| +|Avantis US Small Cap Value ETF|AVUV|10%|0| +|iShares Core MSCI EAFE IMI Index ETF|XEF|16%|22%| +|Avantis Internation Small Capt Value ETF|AVDV|6%|0%| +|IShares Core MSCI Emerging Markets IMI Index ETF|XEC|8%|8%| +||||| +|beginning from:|7/1/2000|to|30/6/2020| +|1-year return||\-0.66%|2.48%| +|3-year return||4.65%|6.29%| +|5-year return||6.07%|7.13%| +|10-year return||10.14%|10.55%| +|20-year return||5.78%|4.96%| +||||| + +The simulated average return of this portfolio over the last 20 years is 5.78%. In comparison S&P 500 returned 5.9% on average per year. + +Links to the [video](https://www.youtube.com/watch?v=jKWbW7Wgm0w) and [paper](https://www.pwlcapital.com/wp-content/uploads/2020/12/Five-Factor-Investing-with-ETFs.pdf). + +Edit: I added the disclaimer that this portfolio is for Canadians (Ben Felix and his company is from Canada). I extended table with the factor tilted row, initial post didn't had it. Disclaimer that the returns begin from 2000 to 2020 +Why twitter is a great source if you know who to follow, note the [timestamp](https://twitter.com/jasoninthehouse/status/792047597040971776) + +http://imgur.com/uZ2oHs4 + + +EDIT: + +1. FBI not reopening the investigation. +2. Comey legally had 2 inform Congress, because he testified they had finished reviewing evidence, +I will soon i will inherit an estimated $195K after the sale of my deceased mother's homes.  After that I want to buy a home. My wife and I have been married for 9 years. We have a 8 year old girl and a 2 year old boy.  She still owes over 100K in student loans and has only paid the minimum amount or had it deferred. She decided to change careers and go into teaching because she liked that I get Summers off.  So she got a masters in education. In which she took out more loans with me as a cosigner. I estimate She owes 30K with my name on it. She hasn't worked for 5 years. Her excuses are that the kids are bad or the neighborhood is bad.  I feel she's way too picky about her jobs and needs to help financially. We barely have any savings because of that. We literally live check to check. She also has a bankruptcy on her record. Which should of erased itself after 7 years but still remains on a background search. + +My gross pay is $91,000.  My take home check is averages $4,764.77.  Our rent is $2045 and will go up in August to $2070.  My financial advisor at the bank says to put 20% down and invest the rest with his moderate risk fund that historically nets 5% interest.  And get a mortgage for 240K at 4%. I asked him why I should do that. He said that the 5% should mitigate the mortgage's 4%. Then I asked him how would I explain that to my wife who's terrible with money.  He said that money in hand is better than not. You have more equity this way. I also asked about my wife's debt, he notice that we pay $311 monthly payment to her student loans. He said that that's ok but if we have to pay an additional $311 it wouldn't be worth buying a house and that it we would be better off renting. + +I have a difficult relationship with my wife.  I try my best to please her but it feels no matter what I do it's not good enough for her and that I do nothing.  She's very dominant in the relationship and pretty much dictates everything. Often my decisions or directives are stupid.  She hates everything on my side of the family. She only finds the negative in them. + +She had anger issues and had gotten worse over the years.  A simple mistake on my part nets a lot of curses and swears from her and most often ruins the day.  She'll nit pick and anything I do that's even remotely wrong. Sometimes if something is missing she'll blame me first.  And some of the time I would be innocent. And if I make some mistake I'll expect to get bitchy treatment for most of the day unless she cools off.  She also snapps at our daughter. And I know kids can be annoying but she doesn't deserve to be called a bitch. + +She will often say we are over and that when she gets a job she is leaving me.  She will also often say that "we're not good", "you are not my ride or die" "I don't love you".   + +We don't show and affection for each other anymore.  We have a king size bed and sleep at the extreme edges of the bed.   + +Lately I have been having more stressful days with her than good days.  I honestly have more peaceful time at work than at home. At work I'm more in control with stuff.  She thinks I work with tough kids in a tough neighborhood. It's even more peaceful at home when she's not there, and that's with the kids there with me.   + +I know my wife expects me to put all my eggs in one basket and place all the money in the house purchase.  I want to get the most equity out of my mom's money. So I hope placing 20% down and getting a 4% mortgage and investing the rest in a moderate risk fund at 5% is a smart way to handle this.  I also want to be in charge of the finances and pay off her loans. To do that I want her to get a job and use most of her income to pay off her loans. But I know she will complain and say that I'm greedy.   + +I feel that she won't be onboard with this plan and that it will lead us into divorce.  But if that happens I guess the home buying plan will be scrapped and I'll invest all the the proceeds after the divorce. + +My question is: + +Am I doing the right thing? + +Is this a viable financial plan? + +What should I do? + +What would you do in this situation? + +Monday June 3rd: + +Than you for all your advice. I will definitely will try to do what I can with it. I will try to keep you updated. + +1. What are my options regarding a college savings 529? Can I open one anywhere I want? If so, where? + +2. What are some things I need to know before I open one? + +3. I know very little about 529, can I Invest in a index fund? + +4. Anything else I should be aware of that I have not mentioned? + +Thank you +I’m 61 years old, semi-retired with $250,000 income a year until age 65. No debt at all. We sold our house last year with $500,000 profit. Have $2.2M in 401k. And we have additional $300,000 in liquid positions. + +We put $300,000 cash into new home we are building. $700,000 left on home prior to close. + +What is the best route to pay for home? + +If it makes sense, we would like to pay it off before I fully retire in 4 years. + +Options: + +1. Mortgage the whole thing for 30 years and payoff with extra principal at or before age 65? + +2. Take $400,000 from 401k to pay down home before closing leaving $300,000 to mortgage, then extra principal to payoff before age 65? + +3. Take $400,000 from 401k, and $300,000 liquid cash and payoff new home at closing? + +4. Ride the mortgage train for 30 years? + +Oh yeah… I have advanced cancer so I might not live for 30 years. + +Comments are appreciated. Thank you. +So is this true? He owned a house with his partner and couldn't afford to pay for it by himself when they split up so they sold up. He is living with parents now and paying into a LISA with the aim of buying again as "first time buyer" in a a few years. + +I'd not heard this before and when i questioned him he said he wasn't sure on the timeframe off the top of his head, and I couldn't find anything about it when Googling. He stands to lose money in a LISA or have it locked away for a very long time if this isn't correct. + +ITT: Virginity analogies +Hey everyone, I'm about to go to university and have some money saved up. I'm putting my Retirement savings into ETFs, but with my tax free savings account I really want to hold these Chad companies like Google, apple, Amazon, etc. Long term. + +IMO these charts look very extended and I'm wondering if it's a bad time to throw my savings into these companies at all time highs after going parabolic. I know the companies look strong on paper but I wouldn't be surprised at a big market correction eventually. How do you guys feel about starting a position in these companies given these current market conditions? +I’m looking into purchasing some of this stock. How do stocks like this one perform in a higher interest-rate environment? I’m thinking not so well due to debt? Do you think now is a good time to buy into this or would you wait until the first interest rate hike presumably this would take a dip? +I got out of college last year and work a salaried position as well as I have side income, I’d love to buy a condo and rent it out but I honestly have no idea what I’m doing or even if it’s the best time for me personally to do it. Here are some questions I have: + +How much percent down should I put? Can I get away with doing the lowest percentage or do I need 20%? + +If I don’t currently own a home, will the bank let me get a loan for a rental property? I currently reside in an apartment with friends to save up money until I’m ready to buy a house. + +What tips would you give to someone who wants to become a landlord? + +What are the best books/audiobooks I can read or listen to about the investing in real estate? + +I reside in Phoenix, Arizona if that helps anyone with their answers. + +Thank you for reading this and any comments I get! I’ve always loved coming to Reddit to help people and receive knowledge on things I’m unsure of! + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +To filter out CS/DRS posts, click the link or type [\-flair\_text:"💻 Computershare"](https://old.reddit.com/r/Superstonk/search?q=-flair_text%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&sort=relevance&t=all) into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +First off, welcome to Wendys! Where our advice isn’t financial, and our burgers are stuffed with crayons! + +I’ve been watching people recently scream *100K IS NOT A MEME* into the void over and over again, so I decided to break out of my lurker shell for those of us wondering if 100k is actually a meme, aren’t sure where to set the sell limit, and are afraid they are going to miss the train to tendie town. If you’ve been wrinkling your forehead thinking about this hoping a wrinkle will transfer to your brain, this is the post for you. + +I’ve pulled some numbers from the Volkswagen squeeze to hopefully give some comfort to those apes who (like me) wandered around completely lost about where to set their sell *(gasp)* limits. I know GME isn’t Volkswagen, but if somebody can find me a closer comparison, that would be great! + +Onwards, [here]( https://ca.finance.yahoo.com/chart/VOW.DE#eyJpbnRlcnZhbCI6ImRheSIsInBlcmlvZGljaXR5IjoxLCJjYW5kbGVXaWR0aCI6MjMuNjczNDY5Mzg3NzU1MSwidm9sdW1lVW5kZXJsYXkiOnRydWUsImFkaiI6dHJ1ZSwiY3Jvc3NoYWlyIjp0cnVlLCJjaGFydFR5cGUiOiJsaW5lIiwiZXh0ZW5kZWQiOmZhbHNlLCJtYXJrZXRTZXNzaW9ucyI6e30sImFnZ3JlZ2F0aW9uVHlwZSI6Im9obGMiLCJjaGFydFNjYWxlIjoibGluZWFyIiwicGFuZWxzIjp7ImNoYXJ0Ijp7InBlcmNlbnQiOjEsImRpc3BsYXkiOiJWT1cuREUiLCJjaGFydE5hbWUiOiJjaGFydCIsImluZGV4IjowLCJ5QXhpcyI6eyJuYW1lIjoiY2hhcnQiLCJwb3NpdGlvbiI6bnVsbH0sInlheGlzTEhTIjpbXSwieWF4aXNSSFMiOlsiY2hhcnQiLCJ2b2wgdW5kciJdfX0sImxpbmVXaWR0aCI6Miwic3RyaXBlZEJhY2tncm91bmQiOnRydWUsImV2ZW50cyI6dHJ1ZSwiY29sb3IiOiIjMDA4MWYyIiwic3RyaXBlZEJhY2tncm91ZCI6dHJ1ZSwicmFuZ2UiOnsiZHRMZWZ0IjoiMjAwOC0wOS0xNlQwMzowMDowMC4wMDBaIiwiZHRSaWdodCI6IjIwMDgtMTEtMjJUMDM6NTk6MDAuMDAwWiIsInBlcmlvZGljaXR5Ijp7ImludGVydmFsIjoiZGF5IiwicGVyaW9kIjoxfSwicGFkZGluZyI6MH0sImV2ZW50TWFwIjp7ImNvcnBvcmF0ZSI6eyJkaXZzIjp0cnVlLCJzcGxpdHMiOnRydWV9LCJzaWdEZXYiOnt9fSwiY3VzdG9tUmFuZ2UiOnsic3RhcnQiOjEyMjE1MzQwMDAwMDAsImVuZCI6MTIyNzI0MDAwMDAwMH0sInN5bWJvbHMiOlt7InN5bWJvbCI6IlZPVy5ERSIsInN5bWJvbE9iamVjdCI6eyJzeW1ib2wiOiJWT1cuREUiLCJxdW90ZVR5cGUiOiJFUVVJVFkiLCJleGNoYW5nZVRpbWVab25lIjoiRXVyb3BlL0JlcmxpbiJ9LCJwZXJpb2RpY2l0eSI6MSwiaW50ZXJ2YWwiOiJkYXkifV0sInN0dWRpZXMiOnsidm9sIHVuZHIiOnsidHlwZSI6InZvbCB1bmRyIiwiaW5wdXRzIjp7ImlkIjoidm9sIHVuZHIiLCJkaXNwbGF5Ijoidm9sIHVuZHIifSwib3V0cHV0cyI6eyJVcCBWb2x1bWUiOiIjMDBiMDYxIiwiRG93biBWb2x1bWUiOiIjRkYzMzNBIn0sInBhbmVsIjoiY2hhcnQiLCJwYXJhbWV0ZXJzIjp7IndpZHRoRmFjdG9yIjowLjQ1LCJjaGFydE5hbWUiOiJjaGFydCIsInBhbmVsTmFtZSI6ImNoYXJ0In19fX0-) is the chart of the squeeze, I’ve even set the date range for you. Go take a look. *EVERYBODY!* + +I’ve pulled numbers from the chart, I know they don’t line up with the values from 2008 (stock split maybe?) but they are accurate when used relative to one another. + +Here we go. + +October 2nd: $263 + +October 3rd: $277 + +October 6th: $292 + +October 7th: $287 + +October 8th: $294 + +October 9th: $296 + +October 10th: $342 + +October 13th: $353 + +October 14th: $352 + +October 15th: $390 + +October 16th: $398 (High $428, Low $382) --> **NOT THE SQUEEZE** + +October 17th: $358 + +October 20th: $277 + +October 21st: $242 + +October 22nd: $243 + +October 23rd: $229 + +October 24th: $210 + +October 27th: $520 (High $635, Low $324) --> **SQUEEZE** + +October 28th: $500 (High $500, Low $471) --> **SQUEEZE** + +October 29th: $517 (High $607, Low $491) --> **SQUEEZE** + +October 30th: $500 (High $590, Low $485) --> **SQUEEZE** + +October 31st: $499 (High $548, Low $472) --> **SQUEEZE** + +The stock then trades around $400 for almost another 2 weeks before starting to make its way back down towards pre-squeeze levels. + +*BEFORE THE SQUEEZE*, the price ramps up to a peak on October 16th of $428, before crashing down over the next 6 days back to a low of $210.85 on October 24th, at which point the squeeze squozes. Once squozen, it squozes for **5 DAYS**. If the price rises and crashes fast, it *wasn’t* the squeeze. + +*Please!* Put away your fears that you are going to miss the squeeze. If we get to the true squeeze, you’ll have time to take a nap and still not miss it. Even if you went on vacation for a week perfectly around the Volkswagen squeeze, you’d still have almost 2 weeks to sell at ~80% of the squeeze average. + +Is 100k a meme? I have no idea - but it *doesn’t matter*. The BEST way for us to get the HIGHEST price is to completely delete your sell limits, and wait for the squeeze to squoze. That way we all get the best price, and we don’t risk scrubbing the launch before take off. In addition, the HFs can see your sell limits, and will use whatever information they can against us. Just delete them. + +Absolute worst case scenario is that you’re in a coma for the squeeze, and Papa Cohen drives you all the way to tendie town. + +Now, (looks around) where is that lurker shell I crawled out of. + +**TLDR**: The train to tendie town doesn’t just fly by and force you to jump off a moving train. The train **STOPS** at tendie town for a vacation. The best way to get the highest price is to delete your sell limits and wait for the squeeze to squoze. + +*Disclaimer: This is not financial advice. Do whatever you want.* + +<Insert rocket ship emoji> + +Position: >0, <69.75M @ >$0, < $483 +Assume that this guy has reason to want to hear me out and give me the benefit of the doubt. Meaning, he’s willing to listen, even though he’s been told by his ilk that we’re the problem. + +What do I show him? What should I ask him? He’s been in this business over 30yrs. He was dismissive when I brought it up, saying “Yea I heard about those dumb redditors”. And “gme is a failing company”(🙄). + +But the most interesting part was when he said “There’s no way a company could be shorted more than 100% without everyone from the HFs and up through the MMs, the clearing houses and up knowing about it. They have a legal obligation to cover after a certain amount of time. It would be impossible for that to happen.” (🙄🙄) + +He knows that I got my GED, have a few years of college and have taught preschool for 15 years. When I told him “They never covered. The numbers don’t add up and they’ve in fact seemed to have doubled down and continued to short it.”…he looked at me like I was crazy and with wide eyes said “How do you know about all of this?” + +He tried to tell me about the reporter who figured out the 2008 mess. Told me about how she found the right info buried in an sec document when she was looking for something else. He said “These things are impossible to read and she was lucky.” + +I said, “Imagine there are thousands of her and now they have access to these documents online and the time to read them.” + +That’s when he seemed to get that regular people know more about this than he could imagine they were capable of understanding. + +This is a guy who’s spent his whole life learning this. In his mind, it was impossible that I could know about these things…or that any “regular” person could. + +So how do I show him that we do and that he is just as clueless as we were? + +EDIT: Y’all are amazing 🙏 I’ve got more than enough to pass to him if I decide to do that. I may just brush up on all the DD myself and see if I can’t handle my own talking about it all with someone who “knows the market”. I will report back if this goes any further 💞🙏 +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://redd.it/vp01of) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +https://www.cnbc.com/2021/01/26/microsoft-msft-earnings-q2-2021.html + +Earnings: $2.03 per share, adjusted, vs. $1.64 per share as expected by analysts, according to Refinitiv. + +Revenue: $43.08 billion, vs. $40.18 billion as expected by analysts, according to Refinitiv. + +Revenue from Microsoft’s Intelligent Cloud business segment, which includes the Azure public cloud, server products such as Windows Server, GitHub and enterprise services, totaled $14.60 billion. That’s up 23% year over year and above the $13.77 billion consensus among analysts polled by FactSet. + +Microsoft said Azure revenue grew 50%. Analysts had expected around 42% growth. Microsoft doesn’t disclose Azure revenue in dollars. + +Thanks for the awards. +In response to the low yields in short term bonds and high yields in long term bonds, The RBI has announced that it will be selling short term bonds to buy long term bonds to make the yield curve more favorable. + +Does this mean that liquid funds and ultra short term funds will have better (than usual) returns in the next 3 months due to the high yields of short term bonds? +Very basic question and I understand that things like risk appetite and goals come to play but realistically what is the risk? I personally understand that with good large cap and multicap funds, your risk in long run is negligible. How true is that? + +Even if you lose money, it can be like 5-10% max? But, my question is, what is a realistic extent? I know I am asking the impossible. + +But things like, what happens during war or some shit happening due to global warming or an epidemic or something. What are the chances of losing serious money? +Given the extremely poor ratio of people who pay income tax in India. Only the salaried class having to carry this burden. Is it time to move to a consumption type tax system and abolish income and tax for individuals? +Nothing too interesting, just thought a new guy could help out some other new guys/girls + +**TLDR**: Sold three cash secured puts. Bought to close each one at greater than 75% of initial premium. Google a lot of shit and watch a lot of videos (links below) to learn. + +&#x200B; + +***Trade 1:*** + +* STO on 1/4 +* Ticker: GME - strike of $16 +* Premium $85 +* Expiry 1/15 +* BTC on 1/11 for $21 +* Net profit $64 +* 4% gain in a week + +&#x200B; + +***Trade 2:*** + +* **STO** on 1/12 +* Ticker: GME - strike of $18 +* Premium $31 +* Expiry 1/15 +* BTC on 1/13 for $10 +* Net profit $21 +* 1.1% gain in one day + +&#x200B; + +***Trade 3:*** + +* **STO** on 1/14 +* Ticker: MARA - strike of $17 +* Premium $186 +* Expiry 2/19 +* BTC on 2/8 for $25 +* Net profit $161 +* 9.4% profit on this trade. Trade was open for 3.5 weeks so profit of 2.68% per week + +&#x200B; + +**Thoughts:** + +Hey maybe I just got lucky because gamestop and crypto did will this month, but after all I pulled the trigger and stuck with the plan + +&#x200B; + +**Overall stats:** + +* $1,800 collateral +* $246 gains +* 13.66% gains in 35 days + +&#x200B; + +**How I learned:** + +* Just lurked and read this sub for a month or two. Googled shit before asking a question on the sub. +* [Kamikaze cash theta gang videos](https://www.youtube.com/c/KamikazeCash/playlists?view=50&sort=dd&shelf_id=2) +* [This guy named Brad Finn](https://youtu.be/cgHUOF46wYs) +* [the guy who posts this every week (god)](https://www.reddit.com/r/thetagang/comments/lel7vb/weekend_iv_report_stocks_with_high_iv_and_more/) +* [This](https://www.reddit.com/r/options/comments/a36k4j/the_wheel_aka_triple_income_strategy_explained/) +* r/options has good weekly noob question threads if for some reason you can't find info from googling shit + +&#x200B; + +Thank you theta gang vets for educating the noobs. Tendies going into the VOO oven + + +Hello Folks – joined r/thetagang a few months ago and have been learning invaluable knowledge from this forum lately, I am glad to be part of this group. Here to get your honest feedback, suggestions, please….. + +I am an enterprise architect at a major software firm making roughly around $175K/- per annum. but have been actively planning for retirement in the next 5 years. and putting the below plan in motion very recently. + +Deployed 1M cash ( between IRA & Personal) accounts and do the below for next 3-4 yrs. + +1 – 60% of the portfolio will be in SPY, IWM, QQQ, TQQQ, FAANG – ( Buy and HOLD/do WHELL as needed based on VIX and market volatility ) + +2 – 30% of portfolio for WHEEL, with quality stocks which really wanted to own if I get assigned. ( I don’t venture out on meme stocks in general. If I do, I won't risk more than 1K per trade.) + +3 – 10% of Portfolio for the Rest – Buy naked options, STOCKs, etc., + +Of course, that’s the max allocation. But at any given point I am planning to have enough liquid cash based on VIX, suggested by /TastyTrades .( couldn’t find the video to post here ☹ ) + +The goal in the next 3-4 years is to make ***at least 120K on average,*** ***consistently*** before I go ahead with my plan to quit my job and do full-time trading. sounds reasonable ? or am I NUTS? +After seeing someone post about it here, I tried to get in on the arbitrage between EOS ICO and the exchanges. The post was titled something like "It can't be this easy, right?" + +Well folks, as I learned the hard way, no - it can't. I ended up getting in the ICO at period 2 and paying $6 per EOS. Cut losses at $3.7. + +Some lessons from this one and similar experiences that I would like to share with beginner traders: + +* Holding is best. + +* If you heard about it, it's probably too late to capitalize on it. + +* Never buy a coin right after it hits an exchange hoping to sell before the dip. I would recommend waiting 2 weeks - 1 month if you are sure you want to buy it. + +* Don't trade impulsively, choose a target price before you trade and stick with it. +Looking from the high in October of 233 to pre market at 164, Apple has lost 30% in value. Are investors really that worried about the future of Apple? Is there something I am missing as to why a 30% drop over 2 months is 'normal' correction. +Long story short, I dropped out of college and don't plan to go back any time soon to get a degree. Male, early 20s. I am looking for a decent-paying job that can be obtained without a diploma, or with a short training (a year or less). I am really as frugal as it gets, but I still have to eat and pay rent, so please no "just cut out cable and eat pasta bro" advice. I am specifically looking for advice regarding jobs, not "general" life advice. I am from Canada, but I am willing to go relocate anywhere in North America or Europe if I have to, so if you're from the U.S., please don't hesitate to post. + +Things I have already considered and would like to heard other options for X reasons: +-army +-waiter/busboy/bouncer/barman +-security guard + +There is always "that guy" who works some obscure job that nobody knows about, and there's no better place to ask than the Internet. + +Thank you very much in advance! Any kernel of advice can potentially change my life for the better! +We can’t afford to turn people away, or turn them off! It only hurts our cause. Instead, we need every single investor/🦍 we can get! Old money, new money, smart money, dumb money... bring em all and all should be welcome.🙏 + +It doesn’t matter if they’re coming from c rypto, another branded meme stonk, or want to play options. If they’re going long on GME, they are our allies and should be treated as such. There is room on this 🚀 for everyone. + +Lastly all this calling everything fud... Please stop. + +Some people have valid fears and haven’t been on this roller coaster as long as the old timers. Answer questions, point out history, and link solid DD that provides some reasonable probability we are on the right trajectory. +Calling everyone one a shill only makes us look like capitol building storming freaks and works to disenfranchise further investment from a wider audience. + +Hedgies down 🦍’s up, that’s the way.... +I like to make money! Let’s all push this thing past the moon together :) +This site currently shows the 30y fixed APR is at 4.95% + +Will this cause us to lose equity on our rentals making it harder to cash out refi? Wouldn't this also set us back from our fatFIRE by maybe a decade if equity collapses? + + +https://www.mortgagenewsdaily.com/ +(Convoluted as fuck. I hate these assholes. Take all info with a grain of salt. We all could be wrong.) + +The buy-write is a quick transaction: + +1. The SHF sells deep ITM CALLs to a Market Maker (or other counterparty). They choose deep ITM CALLs due to the almost guaranteed trade between the two parties. It is unlikely that others would be using these deep ITM CALLs. + +2. The Market Maker sells shares to the SHF. They can sell these shares without first locating them in a bonafide agreement. So, despite liquidity, the trade can be performed. + +3. The SHF now has enough shares to spoof to the Clearing House that they "met their FTD closeout obligations" because they "have the shares". The FTDs that are reported drop off a cliff. + +4. The Market Maker wants to remain neutral in this trade. They exercise the deep ITM CALL to get the shares that they sold to the SHF back to them and the trade is closed out. + +What happened here is that the SHF never lost their original short position and the Market Maker remained neutral in the trade without generating additional shorts. + +So in the entire buy-write transaction, a deep ITM CALL is used to swap these shares. These typically happen on the same day and CALL OI does not increase because the options are closed out right away. + +edit: I don't know why I didn't link to the DD before, [here](https://www.reddit.com/r/Superstonk/comments/on9dtz/otm_puts_are_the_passed_puck_of_short_positions/). Criand gets all the credit. I just cherry-picked out that explanation. + +But what about second edit?: If I read the DD right, and I'm sure I didn't, the 43 million shares show up on the books Monday morning. No T+* to think about, just Auto-Marge. +Know a few people that do this on 3-4 different boards making upwards to $250k+/yr and it usually comes with equity. + +Doesn’t sound so bad for taking a few calls a month along with quarterly voting. For anyone with experience how much work is it actually? +*I'd like to start with if mods don't think this is related enough to GME or too much of a stretch feel free to remove it* ***but I think it has everything to do with it***\*. Also I am not a financial advisor, there is no advice here anyways but I'd like some smarter maybe divorce lawyer apes in here to chime in.\* + +So first I'd like to say, I believe wholeheartedly GME is going to FUCKING ANDROMEDA. That's my personal opinion. + +Now, I've been monitoring a lot of sources, always back tracking comparing to what is written here, what the other side is saying and one thing that was REALLY bothering me is seeing all high profile very rich figures suddenly getting a divorces suddenly, "they can't grow together anymore", that has been my favorite one as of today. + +Since I am from the school of thought that the market bubble is about to pop, and whether GME is the rocket that breaks the bubble (which I think it is) is up for debate, one thing is for certain. *A divorce is one of the few times a person can pull money out of a retirement account early and* [*not pay an early withdrawal penalty*](http://money.usnews.com/money/retirement/slideshows/10-ways-to-avoid-the-ira-early-withdrawal-penalty)*. When an agreement known as a* [*qualified domestic relations order*](https://money.usnews.com/money/personal-finance/family-finance/articles/what-is-a-qdro) *is reached as part of a divorce, it allows for an early withdrawal from the account.* + +It bothered me since Plotkin as I started to look into it, January 31st right after the first-try at take-off, imagine not even a week later filing. My little stupid brain at the time thought "oh split half protect your assets as you go bankrupt hehhehehe". Then we'd all be in here joking how GME was going to sink pensions and retirements aiming for measly little 10k-50k, omg 100k! Ya, no scrap that for me. This in my opinion really is the infini-squeeze and Melvin the culprit in question who brought this to the world and was the most knowledgeable of what is about to happen. And so they got to work early. + +Then my next train of thought was Michael Burry, why did he have those books with Buffet? Why is Buffet and Munger crying about their little Berkshire Hathaway (which I think is going to look like a little puny ant in comparison to MOASS)? So I looked into Berkshire Hathaway. Basically it produces a majority of it's revenue from insurance and most of it comes from everyday items for the masses before taxes. Think ex: Coca-cola (it's largest holding right after APPLE, AMERICAN EXPRESS & BANK OF AMERICA -> branch closure coincidences???) which Burry said, "#boycottcoke #boycottamazon #boycottfacebook", but I digress, let me take a note out of our best friends notes. + +(keep your friends close, your enemies closer, as per the Motley Fool) + +"*Then there's perhaps the most overlooked (but most important) nuance of the Berkshire Hathaway portfolio -- it's not all stocks. The fund only owns about a quarter of a trillion dollars' worth of the same equities any other investor can own. But it's got around twice that amount's worth of privately owned, cash-generating companies like See's Candies, Duracell batteries, GEICO auto insurance, Pampered Chef kitchenware, Acme bricks, and more. These are makers of consumer goods that people tend to buy over and over again.* + +*This is the sort of flexible, cash-driving portfolio that allows any manager to prioritize bigger-picture value creation. Not only does Berkshire not have to worry about stock price volatility for those organizations, it can buy, sell, and manage companies as needed so retirees don't have to worry about doing the same." -The Motley Fool* + +So in any other market than THIS ONE RIGHT NOW, Berkshire is the rich man's retirement dream, the invincible stock with the one Achilles heel. And, I think, Burry and redditors stumbled upon it. GME is about to cut Berkshire's tower holding the sky-up for the rich down as we ride off into the next galaxy to leave this one behind. All the rich people know this and have Berkshire as their supreme filler for their IRA/tax sheltered retirement plans, Bill Gates (+45% of his profile), and the only way to pull that shit out without paying out the nostril in penalties is... **Divorce** + +Warren Buffet himself said, " "My advice to the trustee could not be more simple: Put 10% of the cash in short-term government bonds and 90% in a very low-cost S&P 500 index fund (I suggest Vanguard‘s). " And I think we know where those are going (again my opinion). TRASH, TRASH in the TRASH. The whole market comprising Berkshire, possibly insurance policies finally paying out the nostrils, while their producing good drop and crash but have to produce to keep the good little slaves alive and working. I don't know this is bigger than I can think of. But this little lightbulb went off in my head. + +So I cannot give financial advice and this again is not advice, but you have an old man and the moms, this might be something to think about as it had been more lightly discussed in the past, fuck they might even want to pull the divorce trick themselves if it benefits 'em, I don't know personally it's not a problem for me for other reasons and also because I hodl, so... I can take care of them. + +Anyways, I think GME is BIGGER than we even STILL THINK or may ever know, I think it's coming time to find out. + +**Tl;D**r: Burry saw Warren's Berkshire getting shit on, melvin knows what it's done, and divorce is the way for rich people to pull their retirement shit out before it drops like a hot comet passing us by on the way to the MOON & BEYOND. + +🍌🍌🚀🚀🚀🦍🍌🍌🚀🚀🚀🚀🚀🦍🍌🍌🚀🚀🚀🚀🦍🍌🍌🚀🚀🚀🚀🦍🍌🍌🚀🚀🚀🚀🦍🍌🍌🚀🚀🚀🚀🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌 + +**Edit:** WoW Thanks for the Gold and all the Awards, y'all are nuts. I want to address some things. Part of this post is about divorce yes. Plotkin's divorce in the grand scheme of things, who cares? It's just one of the scenarios in which we are seeing strategic departures if it's true or not, I like what one user wrote "an act of true love" (loose quote). + +Imo, the bigger picture here is Bill, we've seen him not like GME from the beginning, and I also watch Cramer, yes you guys hate him but he's a gold mine for counter info. He is sitting there live on The Street every morning with nuggets of gold. And he kept preaching Apple n tech to buy, to hold etc. And I think I now know why. There is an old ape in the comments here who kind of describes how Microsoft was the inferior apple for a long time. Catching a lucky break with IBM etc. It's long and a convoluted history but let's keep it simple. Bill is a great investor, you cannot discredit that. And Bill, in **2008 sold 550 000 shares (>50% of their holdings at the time 975 000) of Berkshire CLASS B over a three year span. Why? (also note that these are Class B stocks not the big Class A everyone always like to ogle, these are the splittable stocks (in 2010 and I won't be surprised if it happens in the next few years again) where everyone is more able to get a piece of the pie, there also some other benefits to this stock class, but that's another thing in itself)** + +*Again another quote from one of our dear friends, this time at CNBC* + +*" At today’s closing price of just under $4348, those 550,000 shares are worth almost $2.4 billion and the total holdings are worth over $4.2 billion.* + +*The sales are planned for a three-year period starting April 1 this year.  The filing also says the sales plan can be canceled at any time.* + +*Why?  “****To facilitate the Trust’s compliance with federal excise tax rules limiting excess business holdings by private foundations.****” -CNBC's Alex Crippen "Watch Buffet \*see his twitter\*"* + +And what I think, is Bill and Melinda learned from 2008 and have figured out a way to effectively split/move these holdings. They are smarter and better positioned than myself, so I don't know how that might work. No wonder why they are smiling and still wanting to work together on the Gates Foundation. This is the happiest divorce of all time I think. (Now I might really be stretching it there, maybe they are just more mature than I am) + +Now, I'll side with some people here, maybe this is all just coincidence. Buffet is an old-ass 90 year old man who at his most recent share holder meeting said (his words directly) + +*" The directors are in agreement that if something were to happen to me tonight, it would be Greg who’d take over tomorrow morning...* If, heaven forbid, anything happened to Greg tonight then it would be Ajit *”* + +And no this isn't some insane implication. This literally just says that the "oracle" of Omaha is ready to leave his legacy in capable hands and he has demonstrated he has a back up plan to the back up plan. However for the *oracle* part, I think there is also something to dig deep into here, which either myself or another ape should consider doing a little looking into. I am learning things I never knew about the market and this is a lot of fun seeing your views as well from everyone in the comments. Anyways have another wonderful market day, I wake up everyday excited to be living through this phenomena of what feels like, ape vs world (but lowkey got matchmade with the MVP Blackrock the 1337 god on their team) And like many others say if there's any ONE THING to take away from this: + +APE TOGETHER STRONG, I HODL, I BUY (every time I put together a little more cash) + +🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🚀🚀🦍 + +🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌 + +&#x200B; + +Edit 2: Sorry I know, this is getting long, but I thought this was a cool question in the comments so I thought I'd share my thought process. This was off the top of my head, not financial advice (I'm not an advisor) and it would require more research. + +Question byu/suddenlyarctosarctos + +For berkshire, are you saying that the one Achilles heel is privately owned insurance companies in the portfolio? There's GEICO and what else? Also, is this risky exposure because you think the (for example GEICO) insurance policies will be slammed with less premium collection or more claims (home, auto, theft, what?) or they are wound up in the stock market as their own capital growing strategy or... what? + +Also, how does Bill Gates selling shares of berkshire in 2008 support or expose anything? + +to which **I replied,** + +It's a long reach but, here's my steps of thought: + +1. Liquidity of GME completely dries up, retail holds the float +2. HFs overleveraged and short positions can't cover their max buy-ability, margin call full liquidation. (and possibly in between HFs in position are baited by another entity to borrow their shares to really dig into the dirt and fuel this rocket, but not so sure about that, that would be insane) +3. Make your own price day as DTC goes to balance books and buy back all shares issued, since there is no longer an entity to offer buy-backs and >+100% shares need to be covered, ultimately if apes hold like crazy, DTC, NSCC are dissolved +4. because of all this, massive liquidation of the rest of the market positions bottom out +5. Berkshire is going to eat all these costs even though the cost of production for items will go up + inflation, that's one side of Berkshire. The side you mentioned: + +* Berkshire Hathaway GUARD Insurance Companies. +* Berkshire Hathaway Specialty Insurance. +* Applied Underwriters. +* Gateway Underwriters Agency. +* GEICO. +* General RE. +* **MedPro Group.** +* National Indemnity Company + +I think with Covid, they are going to eat the fuck out of health insurance claims, which is why they've hedged bets with big pharma to recoup those losses ( Merck & Co. and Pfizer Inc. ) + +And then other things I can't foresee may need insurance as well. This could get really fucked up really fast depending on the state of peoples finances b*ut that is pure speculation on my part.* + +From there unlike Buffet I am no Oracle, the future of Hathaway isn't my concern anyways, that's on Abel and Ajit. I'm just here to ride GME to Andromeda, I think that's why Buffet was getting all in his feels about GME. This is the bet I'm making, I could be wrong. Time will tell. + +T*his is not financial advice, I am not an advisor. Also yes, I am a blackjack card wong halving boiii so take what I say with a grain of salt, I'm splitting my 10s looking for two aces against a dealer with two 10s themselves.* + +As for the Bill Gates thing, I just think it's like a signal/possible indicator. History tends to repeat itself. + +Anyways, this is kinda becoming a novel, I will try to stop adding to this post. Again the basics! + +I BUY (as I revolve between the paradigm of existing as being rich and simultaneously not rich at the same time) I HODL, and I HODL REAL GOOOD + +🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🦍🚀🚀🚀🚀🚀🦍 + +**Final Edit:** A question that isn't very interesting but leads me to greater implications. Also a slew of accounts with big brain criticism (/s). Feel like I'm more than in the right direction now. + +question by u/ Thelastret2 + +u/ [SoulSolus](https://www.reddit.com/user/SoulSolus/) I CHALLENGE YOU TO ANSWER ONE QUESTION. + +Q: If bill gates was worried that a GME MOASS was going to cause his berkshire holdings to lose money. WHY THE FK HELL WOULD HE NOT JUST DROP A FEW BILLION INTO GME SHARES instead of this convoluted divorce shit you are talking about? + +I think the answer should be fking obvious. Bill Gates could quite literally take a billion dollars and buy 1 million shares at a $1k per share average and it would be less impactful to him than $500 would be to you. + +**I replied** + +As per your other comment and obsession with me answering it seems, not only would it reflect poorly on him who is probably concerned with his other holdings, not to mention him blowing up GME means sinking everything else he's invested in. + +GME is negatively correlated to the market. Berkshire Class A or B, will most likely crash (45% of his portfolio). He's rich not dumb. If Bill even knows the slightest thing about GME, that's jail, he isn't a politician who is exempt from inside trader knowledge by law. If you don't think so, pull up a chart and go back to 2008-2009 and watch Berkshire's price action and tell me what you see. (I'll just say it) it went down A LOT. So me speculating on the divorce may also signify that he indeed does know something and if so if it for a strategic reason, that too is most likely illegal, but harder to prove. And I'm going to add another edit to the post now. Thanks. Also I'm going to add something that you may find interesting so feel free to read it if you'd like. + +*This not financial advice. I am not an advisor. It's what I speculate from the Wendy's drive-thru window as I serve tendies and casinos.* + +**So what's the addition?** + +**Not Financial advice, I am not an advisor.** + +Well, well what do you think happens to a stock predictably falling drastically along with rich people who can no longer hold their positions? *They sell.* And guess what the difference between GME and Berkshire Hathaway holders are. One puts money in and can lose it because it's liquid, the other is being **liquidated.** It's really hilarious actually because just as of February 2nd this year again provided by friends **Buffet and The Motley Fool** + +"*I would welcome people wanting to short Berkshire. In fact, I'd lend them stock and earn extra income. They're a certain future buyer. If anyone wants to naked-short Berkshire, they can do it until the cows come home. In fact, we'll hold a special meeting for them*." + +Bad timing to boast (or bluff?) Buffet. Because, the rich people out there can cannabalize a sizeable portion of the market and eat each other alive, just like redditors thought they might via shorting Berkshire if GME in fact crashes the market. Now how fucking crazy is that. [u/atobitt](https://www.reddit.com/u/atobitt/) I know we aren't supposed to tag, but get your head in here boy, I need someone to see what I'm saying. + +*this is not financial advice just the ramblings of a mad man.* + +Sources: + +[https://www.investopedia.com/articles/markets/101215/what-bill-gatess-portfolio-looks.asp](https://www.investopedia.com/articles/markets/101215/what-bill-gatess-portfolio-looks.asp) (gates holdings) + +)[https://www.fool.com/investing/2020/12/13/why-berkshire-hathaway-is-a-retirees-dream-stock/#:\~:text=The%20Oracle%20of%20Omaha's%20legacy,any%20other%20investor%20can%20own](https://www.fool.com/investing/2020/12/13/why-berkshire-hathaway-is-a-retirees-dream-stock/#:~:text=The%20Oracle%20of%20Omaha's%20legacy,any%20other%20investor%20can%20own). (what is berkshire) + +[https://www.cnbc.com/2008/03/21/gates-foundation-to-sell-over-half-its-berkshire-hathaway-shares.html](https://www.cnbc.com/2008/03/21/gates-foundation-to-sell-over-half-its-berkshire-hathaway-shares.html) (Gates 2008 Berkshire sell-off) + +[https://www.thebalance.com/warren-buffett-90-10-retirement-strategy-4159839](https://www.thebalance.com/warren-buffett-90-10-retirement-strategy-4159839) (Warren's retirement advice) + +[https://www.cnbc.com/2021/05/03/when-warren-buffett-eventually-steps-down-as-berkshire-hathaway-ceo-greg-abel-will-succeed-him.html?\_\_source=sharebar|twitter&par=sharebar](https://www.cnbc.com/2021/05/03/when-warren-buffett-eventually-steps-down-as-berkshire-hathaway-ceo-greg-abel-will-succeed-him.html?__source=sharebar|twitter&par=sharebar) (Plans for Berkshire's future as per annual meeting) + +[https://www.fool.com/investing/2021/02/02/why-warren-buffett-will-never-get-short-squeezed-i/](https://www.fool.com/investing/2021/02/02/why-warren-buffett-will-never-get-short-squeezed-i/) + +("no one" would ever short berkshire) + +for your enjoyment Berkshire a la crayon in 2008-09 + +&#x200B; + +[147 000\/share high as low as 72,400\/share.](https://preview.redd.it/z70lm6w2w7x61.jpg?width=757&format=pjpg&auto=webp&s=bf0bbeb53e33caeebfe7029c85d4ae5f9cdee37f) + +&#x200B; +So I'm 45 and I have a lease that ends in April 2024. After which I plan on buying a home, townhouse or condo. Hopefully the housing market is a little more favorable towards buyers then (Northern Virginia - DC region). + +I have about $30,000 in a savings (not including the emergency fund). Right now it's just sitting in a high yield savings account (Ally Bank 3%). This money will pretty much be my down payment. + +I figure I take half that and put it somewhere else that can gain more interest. Am I better off leaving it all there or is there another safer investment I'm missing. Maybe a CD? + +I thought about the treasury I-bonds but if you withdraw before 5 years they take out the last 3 months of interest. +Laying down thinking about taking a punch of pills because I don’t see my life improving. I am genuinely curious why not? Like truly.. What are reasons not to kill yourself when you’re in a cycle of struggle? And idc for family so that’s pointless, mine sucks. So I’m at a lost because I have no more energy to try anymore. + +Update: feeling a bit better and motivated. Went for a walk and journaled. Selling more things I can sell onto fb, got my email for an inventory job I can start right away Monday for training and start Tuesday. Weary about it because it requires traveling and gas is so high but I figured it’s a job, quick money, paid weekly, and with the pay card, they pay 50% of your check next day.. just need to figure out housing situation, family isn’t an option but that’s ok. Hopeful I’ll find someone who will let me crash and pay monthly for rent. I appreciate every one your advice truly! +i personally collect + +day end stocks price/volume data +per 3 minutes futures options data +company's financial ratio data like eps/debt to asset /debt to equity ratio etc, dividend history +company director's speech for sentiment analysis + + +in a database (mysql db) and use it for analysis in excel or direct database query level analysis or python analysis. Analysis includes like stocks which have gained 5 % in a week, correlating future/options chain analysis to forecast short term trend etc + +So I wanted to ask what are other groupies in this sub + +0. what is your investment horizon using these strategies +1. what are doing for raw data collection and which data +2. what data analysis are you doing +3. what strategies do you use for analysis +4. how do you incorporate your analysis results in your investment decisions +5. what challenges do you face +6. how did you overcome the challenges +7. what are your unresolved challenges +In my understanding it's just the price of underlying stocks. I'm a noob. Maybe the question doesn't make any sense. Any info will be useful to understand the basics. Thanks. +So I'm 20yo and earning money through freelancing. But there's one thing I'm worried about. I'm earning and spending and earning and spending nothing else. I don't think life will stay easy like this forever. So I was hoping I could invest money for my future self. I want to learn about stock market, trading and investing money but I have no idea where to start. Thanks you for helping me +Been looking at ARKK top holding and tried to use basic metrics to valuate Cathie's picks. I know that she pretend that forward looking numbers should increase with time but truly, what is she really expecting from roku, zoom or even shop? For me Cathie track record shows that she has been constantly underperforming. Is Burry right to short the hell out of her? + +Tesla - p/e: 250x p/s: 19x + +teladoc - p/e: -126x p/s: 11.41 (was in the 20s in feb) + +Roku (lol)- p/e: 214x p/s: 21x + +Coin (bought close to ipo valuation, yikes)- p/e: 18.30 p/s: 13.30 + +Unity- p/e: -106x (lol) p/s: 32.53x + +Zoom (fucking lol)- p/e: 117.5x p/s: 31.22 + +SQ - p/e: 235x (lol) p/s: 8.9x + +Shop (lol) - p/e: 78x p/s: 49x + +What is your opinion? Is Cathie a genius or a fraud? + +Personally I believe she got lucky with the market reaction over tesla, she has been surfing on that hype since then, but truly time will catch up on their outrageously overvalued picks. + +&#x200B; + +&#x200B; +Doesn't it seem that way? Very few limitations other than to use a stock you "wouldn't mind owning" LOL. Not saying it's wrong, but does anyone find it weird that there are multi million dollar traders here which are using that strategy? + +Also - we're taught that trading is super complex. Earlier, I was buying all these complex technical trading books. Funny that the wheel is supposedly working. +GAMESTOP i have heard from Dr Trimbath, Wes Christian, and Lucy Komisar that all of this will really only end with you. All 3 of these experts have stated that you and only you as the company can fix this. There is little i can do as investors to fix the synthetic shares that have flooded the market. I am buying more and Hodling, but the people manipulating the system have bags of tricks and loads of money that they can use to screw us investors. + +Dr Trimbath did a recent interview stating again that you are the only one who can fix it. She stated that you accepted your proxy vote because you got the results you wanted even though there were tons of your investors who complained that they did not get to vote along with the high likelihood of a huge overvote tally. You could have easily stated that you would reject the vote because of investors not being able to vote and that you recieved way to many votes, but you elected to accept them. + + I still have trust in GAMESTOP and its management. I am very excited in the direction the company is headed! I really like the Stonk! But I am sick and tired of the manipulations going on as investors! And I am counting on you to remedy these manipulations soon for the sake of your company and your investors. + + I am patiently waiting on a statement to your investors on the matters of why lots of investors did not get to vote (manly EU and UK), what the total number of votes was, if there were to many votes, and what is going on with the SEC investigation. + + I have stood by you through thick and then, and all came to the rescue when things were looking grim. You have teased me with your tweets and replies, but now is the time to let me as an investors know that you have my back + + 🦍🦍🦍 + +Edit: sorry for putting we, as I was speaking for everyone. This was wrong of me and I am sorry for doing this. I have edited my post and changed to I to reflect this as my personal opinions. + +Note: this is by no means intended to be fud! I'm all in as I really like the stock and the direction its headed, just tired of it getting manipulated down below what I think its true value is. All these experts have stated it will take gamestop to fix this and I have faith they will!!! + +Note 2: thanks for apes who stated it was good for them to accept vote so Cohen got ceo and new board. Now they can get to work!!! Makes me feel better as to why they didn't reject it!!! +As a would-be first-time buyer, the current market conditions make me a little nervous. As you're no doubt already aware, property prices have skyrocketed from an already high base in the last few years, whilst wages have remained stagnant and the so-called cost-of-living crisis is rapidly approaching. The situation doesn't really seem to be sustainable. + +The consistent advice from this sub seems to be to buy your first property as soon as you're able to (assuming you're at the right stage of life to buy), because property prices are only going to keep going up and you'll therefore lose out by waiting because of having to pay rent and by further price inflation. I fully understand this logic, but if this were any other asset class I'd be worried that the bubble might be about to burst. + +So I'm not asking for people to make specific predictions about what will happen to the UK property market in the next few years (although if people want to share speculations, I'm happy to read them - fully understanding that none of us can predict the future), but rather asking whether the general principle "buy your first property as soon as you can" holds up no matter what the prevailing market conditions are. Are there any times at which it might be sensible to continue renting rather than making a purchase, even if that person is ready to buy? If so, what economic signs would help to guide that decision? +I've been job hunting as a student for the past 6 months or so. And I I finally got my first offer last week. I was VERY excited and happy with the salary. I did my research and googled the title, the company, average salaries, and found that my offer was well in the high average. I was very much ready to sign and submit. + +However, I noticed that many of my male classmates expressed they were actively negotiating with employers. They said that they always presented themselves as more valuable than an initial offer. To be honest, I thought asking for more would be very risky. I was scared to question my worth. I kept thinking "what if they see me as too pushy and take the offer away". But I gobbled up my fear and called my HR representative. They were very kind and not intimidating in the slightest. + +I said "I am very excited to have received an offer from XX-Company. I'm looking forward to being a part of the team. However, I was actually hoping for a salary range between $xx-$xx." She didn't cut me off. She didn't question my request. She simply said in a very kind manner: "No, worries. Let me go back to the department and get back to you on Monday". + +She called back this morning and sent over my new offer. They were able to bump up my starting salary by a little under 10%. I couldn't believe it. I will never not ask about salary again. Ladies, it does not hurt to be confident in your capabilities. Know your field and be confident. +Mainly want to know if it’s possible to do arbitrage as a retail trader or if HFT and market makers snatch up all openings instantly. + +Would it be possible to do it on lower cap stocks that aren’t being hawked by HFT? + +Is arbitrage realistically profitable after fees and such to a retail trader or is it only worth the effort if you can do thousands of transactions? +I'm reposting and adding an Addendum at the top. A number of the comments on my Original DD found here [Link](https://www.reddit.com/r/Superstonk/comments/suvxgc/hot_potato_through_the_tunnel_under_the_border_a/) asked me to repost to get more discussion going on this concept. That's all I am hoping to get, is more discussion going so I can continue my research into how this functions. + +Additionally I've added the definition of Kiting. I believe this is a key concept that needs to be explored further, to understand why short positions have never been covered and or closed. I believe it is certainly not American Markets that are complicit in this fraud, and it is my honest belief that Canada plays equally in the Naked Short Manipulation that GameStop has been subject to. + +&#x200B; + +***Intro*** + +I am not providing financial advice nor am I a financial advisor. I’m a truck driver. If you think this constitutes advice, you may need a helmet and a 5-point harness for this ride…. Literally. + +This is my first legitimate attempt at DD and even then, I’m only putting it up because I don’t have the wrinkles to continue this research any further. I’ve posted one of these articles in here before to very limited applause, but Canada seemingly pops up numerous times as facilitating the Naked Short thesis. Also keep in mind the ongoing discussions surrounding Cayman Islands corporations, Zombie companies, SSR and how it never has any effect, as well as the fact that shorts never covered. + +Let me very clear…. My brain is smooth. I don’t have the investigative wherewithal to continue digging into this further the way the Superstonk community can. I’m merely presenting what I have found in the hopes that this ignites the community to continue pushing forward. My personal legal interpretation experience all relates to traffic law so it's quite possible that I don't know shit about fuck. + +**Please. For the Love of APE I need you to understand that I WANT TO BE WRONG. Fucking debunk me actually though! Constructive Criticism is incredibly welcome!** + +I know that a lot of people are comfortable or zen with the level of DD that has been completed thus far, especially in the wake of current events and what their implications may mean. I am not one of those apes, and in the sphere of the current situation I think it’s important that the community looks through the Canadian landscape of Legal Naked Short Selling and Banking Secrecy laws that certainly provide some concrete evidence that the manipulation may include Canada “the money laundering capital of the world” + +Ultimately, I’m more looking for this to be expanded on more than anything else, I want to not be right about the rife abuse where I live, but I can’t find anything related that clarifies that these things have changed here. + +**1.** **Cellar Boxing DD opens a personal Pandora’s Box** + +If you're new here and you haven’t read it yet : [https://www.reddit.com/r/Superstonk/comments/pmj9yk/i\_found\_the\_entire\_naked\_shorting\_game\_plan/](https://www.reddit.com/r/Superstonk/comments/pmj9yk/i_found_the_entire_naked_shorting_game_plan/) + +5 Months ago u/thabat wrote one of the communities defining DD's that revolved around the idea of Cellar Boxing stocks. It was fascinating to me, and seemingly explained a whole swath of the idea of Zombie Stocks and exactly what the inevitable game plan was with GME pre-sneeze. It wasn’t so much the incredible quality of the DD or what it was alluding to that caught my eye. + +I want to point you to one small and minute portion of the original forum post that sparked this DD: + +&#x200B; + +https://preview.redd.it/oadnkyga00j81.png?width=1560&format=png&auto=webp&s=f775b6ba5674ae4b397ac189dd884cfe0a5e0fe5 + +While this wouldn’t mean a lot to most people, I am a Canadian, and I do not want to be unwittingly complicit in any naked shorting scams, nor do I believe any of my fellow Canad-EHps North of the Border. + +As soon as I saw this, I started looking for more information that would point to the fact that Canada played a much larger role than originally thought. + +***2.*** ***Dr. Jim Decosta, The OG Silverback, and the “Tunnel Under the Border”*** + +The Ape, the myth, the legend. He goes into stunning detail corroborating all of this and lays out the framework to see how this is done. I’m only focusing on the Sedona section (Section 23 if you want to read without my highlights) here as this comment alone had to be trimmed to fit into a singular reddit post. (It's 40k+ words) + +For posterity I’m posting a screenshot, but you can find a link to the SEC comment here: + +[https://www.sec.gov/rules/proposed/s72303/decosta122203.htm](https://www.sec.gov/rules/proposed/s72303/decosta122203.htm) + +This thing is a fucking gold mine as far as I am concerned, there is far more than I can adequately cover in this DD alone. Please pay attention to the fact that searching the article (Ctrl+F = Canad, appears 34 times for Canada/Canadian). + +These highlights are all my own, but I believe the doctor laid us out the methodology to see how this all functions almost 20 years ago and I want to put it forward to the wrinkle brains in the community to continue the research. + +&#x200B; + +[\\"We would hope you learn about some of the Mechanics of naked short selling through the Sedona case.\\" Reads like \\"Here's a fucking map retards.\\"](https://preview.redd.it/u1p9yjnb00j81.png?width=1200&format=png&auto=webp&s=0189ce6e2b930256923b4dc1e588683a19089f64) + +&#x200B; + +https://preview.redd.it/xq5r1p1k00j81.png?width=1200&format=png&auto=webp&s=4629cace12d6aa40385f0dcf64677207831b67f1 + +\- **As per the SEC’s own admission Canadian Broker Dealers (CBD's) are not required to register with NASD (National Association of Securities Dealers) and therefore are not subject to short selling restrictions.** + +\- There is an “Umbrella of Immunity from the Borrow” for market makers (Cough Citadel/Virtu) + +\- Canadian delivery laws differ from those in the US. + +\- It is absolutely LEGAL to naked short a stock in Canada + +If you were thinking that would change, the last amendment I can find in Canada related to this is 4/23/2015. It is linked below (again links, if you don't like don't click). + +Please keep in mind that in every province in Canada there is a different securities association. (I’m focusing on Ontario currently because that is where Canadian Markets are located) + +Link : [https://www.osc.ca/sites/default/files/pdfs/irps/rule\_20150423\_32-505\_conditional-exemption.pdf](https://www.osc.ca/sites/default/files/pdfs/irps/rule_20150423_32-505_conditional-exemption.pdf) + +Directly from the link: + +>This notice gives an overview of the Rule and its Companion Policy (defined below) and contains the following annexes: +> +>· Annex A – OSC Rule 32-505 Conditional Exemption from Registration for United States Broker-Dealers and Advisers Servicing U.S. Clients from Ontario +> +>· Annex B – Companion Policy 32-505CP Conditional Exemption from Registration for United States Broker-Dealers and Advisers Servicing U.S. Clients from Ontario (the Companion Policy) + +Ok, well fuck. So that very well means that this apparent “Tunnel Under the Border” still exists today. If only I could find some other write-up that may support the theory and potentially expand. + +And it does continue: Here are comments from Save Canadian Mining, a small activist group of small Miners that are traded on the TSX who have been victim of predatory short selling for years. + +&#x200B; + +https://preview.redd.it/bsh1sh6m10j81.png?width=2254&format=png&auto=webp&s=8620aa850a4fe72e4bcbe7fe6c755f4c5c4252fa + +&#x200B; + +***3. Further corroboration of Dr. Jim Decosta by an unknown author on the silicon investor forums (9/27/2006)*** + +Link : [https://www.siliconinvestor.com/readmsg.aspx?msgid=22856435](https://www.siliconinvestor.com/readmsg.aspx?msgid=22856435) + +If you’re unaware this is the same forum that provided the OG Cellar Boxing article, long before the Apes hopped into GME and joined the train. The post itself goes on to provide additional insight into how the naked shorting fiasco functions through Canadian Margin accounts. + +*Since links aren’t ideal at all I’ve taken two screenies for the Apes. If you don't like, don't click above.* + +&#x200B; + +https://preview.redd.it/jmry3b8p10j81.png?width=2518&format=png&auto=webp&s=b2ae53b311b8880003afa202d13ac84676e392e5 + +&#x200B; + +https://preview.redd.it/rta6ntnq10j81.png?width=2518&format=png&auto=webp&s=d22232e6ca0e868106c06a48ac43aa498602bebb + +Jackpot! + +Hot Potato! + +This is market manipulation at its finest! Hedge Funds are the largest holders of these accounts, who are not required to follow the rules and regulations and can infinitely Fail to Deliver shares by playing hot potato between themselves and other complicit entities. + +To understand how Failure’s can continue for years you have to understand what Kiting is in Securities are in the Canadian Market. + +Link to investopedia: [https://www.investopedia.com/terms/k/kited.asp](https://www.investopedia.com/terms/k/kited.asp) + +&#x200B; + +https://preview.redd.it/og3ujwas10j81.png?width=1560&format=png&auto=webp&s=92f2cdd51f903536dc4fe95d391aee05c5181f5e + +&#x200B; + +\- If a short sale cannot be settled within two trading days of the order (T+2) then it becomes a failed trade + +\- However, the short seller has 10 trading days (T+12) to locate and deliver the shares before the failed trade must be reported to the IIROC as an “Extended Failed Trade” + +\- There are no regulatory consequences for an extended failed trade, although an extended failed trade MAY prevent further short sales (Also notice in the link above that there is absolutely NO Disciplinary History, so that’s a fucking lie) + +\- Trades settled through CDS Clearing and Depository Services are subject to CDS’ own settlement rules (found here [https://www.cds.ca/participants/settlement-and-clearing](https://www.cds.ca/participants/settlement-and-clearing).) + +\- CDS imposes a daily fee for a failure to deliver shares to settle an outstanding settlement position in its continuous net settlement system and provides a buy-in process which allows a buyer who has not received the purchased shares to force settlement. + +\- HOWEVER, these fees and buy-in requirements carry **NO REGULATORY SANCTIONS** + +&#x200B; + +GUH, WELL FUCK. So not only does the Canadian Market system allow CB/D’s an exemption from following the rules on short selling… Even if you fucking break the rules, no one North of the Border plans on doing shit to ensure that it never happens again. + +By Kiting, you can pass your dirty shorts entity to entity on T+11 (or day 9/10 of the Extended Fail Cycle) and you'll never EVER have an Extended Failed Trade. The clock resets every 9 days by being moved to another account and you effectively manage to rotate Failures to Deliver indefinitely. + +What triggers me is the the fact that if there were 28 institutions margin called during the January sneeze last year, how many of them employ the Hot Potato Technique? + +How many of them are using obscured Cayman Islands Corporations through Canadian Broker/Dealers? + +Do Thomas Petterfy’s comments regarding the collapse of the economic system due to the sneeze have something to do with the fact that the shorts may very well be kited via the Canadian Market place? + +I don’t know about you, but this type of thing gives me a little bit of a chub when I think about its implications. + +Nonetheless, let’s continue. + +***4. One Dr. to rule them all… One study to bind them*** + +I really didn’t get the traction I was looking for the first time I linked the commentary Dr. Jim Decosta had on the market manipulation that was found in the early 2000’s. I didn't take the time to actually distill the post in smooth-brain but that's on me. + +This study was done in 2019, and you’d think that 20 years after all of this was discussed that things would have changed but I’m here to show you that the same circus of fuckery continues. + +Link : [https://mcmillan.ca/insights/publications/short-selling-in-canada-regulations-are-weak-and-a-new-path-forward-is-needed-to-reduce-systemic-risk/](https://mcmillan.ca/insights/publications/short-selling-in-canada-regulations-are-weak-and-a-new-path-forward-is-needed-to-reduce-systemic-risk/) + +This to me is the most important part of the entire literature provided above: + +&#x200B; + +>Based on our research, it is clear that IIROC’s largely non-interventionist approach and its focus on maintaining liquidity have made Canadian companies attractive targets for short campaigns. From 2015 to 2018 there was an increase in the number of short campaigns in Canada, while generally in other jurisdictions there was a decrease. **Additionally, the number of short campaigns in Canada is utterly disproportionate to the size of our capital markets when compared to the United States, the European Union and Australia (as examples)**. The reason for this seems clear: short selling regulations in Canada are out of step with regulations in those other jurisdictions – see Schedule A attached hereto. As a result of inherent weaknesses in the Canadian short sale regulatory regime, short sellers may well be attracted to the Canadian capital markets. + +You don’t fucking say! I’m a fuckin’ Smooth but isn’t the definition of insanity doing the same thing over and over expecting a different result? How the fuck Canadian regulators continue to take a lax stance on these issues yet somehow expect things to change is literally fucking mental. But I digress. + +&#x200B; + +>Every short sale on a Canadian marketplace must be marked “short” unless the sale is from a certain type of account **(generally described as directionally neutral accounts)**, in which case it must be marked “SME” (short-marking exempt). An order marked with the SME designation can be a short or a long sale. **Beyond these requirements, a short seller is generally not restricted from selling shares it does not own**. UMIR does not impose general pre-borrow or locate requirements (although IIROC can impose specific pre-borrow requirements for specific securities). **A short sale can be made by a seller who does not have an existing ability to settle the trade, so long as the seller has a “reasonable expectation” that it will be able to settle the trade.** The “reasonable expectation” requirement in the policies accompanying UMIR 2.2, however, does not require that prior to making the sale the short seller actually locate and arrange to have the shares available for delivery on settlement. Rather, a “reasonable expectation” exists so long as the short seller **does not know that it cannot borrow the shares** and takes reasonable steps to locate them. + +If I’m reading this correctly, doesn’t this explain why the SSR has never mattered? + +If you mark your sales as SME, then the SSR don’t mean shit, especially if it’s coming from an entity that is or was never obligated to follow the rules in American markets in the first place. + +Also, let’s have a fucking talk about how the Canadian Markets allow a short seller to continue to short whether or not they can locate the shares required. A “Reasonable Expectation” exists so long as the short seller **DOES NOT** know that it cannot borrow the shares. Here's your "Umbrella of Immunity of the borrow" + +So, hmmmm, shares randomly appearing every single day would probably give just about anyone a “Reasonable Expectation” that they can settle the trade. Am I on speed or does this fit far too well together? + +One thing I'd like to note is that Anson Funds, who is currently being investigated by the DOJ for its involvement in short selling, is exactly the type of directionally neutral Hedge Fund that may be a co-conspirator, in Canada. + +&#x200B; + +https://preview.redd.it/twy6x7oz20j81.png?width=1560&format=png&auto=webp&s=a1776bb794d3b98bad31df54d3d57e4ef242c6c0 + +Excerpt provided (link isn’t because fuck Corporate Media) + +&#x200B; + +>“If the short sale cannot be settled within two trading days of the order (T+2), it is a failed trade. **However, the short seller has 10 trading days (T+12) to locate and deliver the shares before the failed trade must be reported to IIROC as an extended failed trade.** There are no regulatory consequences for an extended failed trade, although an extended failed trade may prevent further short sales (either by the client or non-client with any ongoing extended failed trade in any security, or by the broker on its own account in the same security). Trades settled through CDS Clearing and Depository Services Inc. (“**CDS**”) are subject to CDS’ own settlement rules for failed trades. CDS imposes a daily fee for a failure to deliver shares to settle an outstanding settlement position in its continuous net settlement system and provides a buy-in process which allows a buyer who has not received the purchased shares to force settlement. **However, these fees and buy-in requirements carry no regulatory sanction.”** + +I’m going to reiterate what has been said time and time again…. + +&#x200B; + +**THE SHORTS NEVER COVERED OR CLOSED** + +&#x200B; + +***5. I’ll leave you with this*** + +The last thing I’ll point to is how Nostradamus this Anonymous Silverback of the Silicon Investor post was + +&#x200B; + +https://preview.redd.it/sheqors030j81.png?width=2518&format=png&auto=webp&s=aa2946dfab2aa5b8695220f37c8f0bf84f8e6519 + +Yeah… we fucking did. + +***6. Conclusion and TLDR*** + +In my humble opinion, there are far too many connections that can be pointed to throughout this DD and the accompanying articles, that I believe give credence to the fact that a vast majority of any Naked Short Sales that have been processed this far on GME, may very well have originated from Canadian Broker Dealers. + +It is my hope that all apes can better utilize this information to continue their own research into the intricacies of naked shorting. I hope that other DD analysts, particularly those who write about cycles, can look at their own information through a new lens for their own research. I've said before and I will say again: + +**Constructive criticism is more than welcome and I'd prefer to be debunked because I am a smooth brain. I want to be wrong.** + +***TL;DR*** + +\- The Canadian Marketplace is lacking in rules and enforcement which makes it a breeding ground for Naked Short Sales (Legal in Canada) + +\- IIROC’s largely non-interventionist approach and its focus on maintaining liquidity make Canada a prime breeding ground for Short Campaigns + +\- Dr. Jim Decosta alluded to the “Tunnel Under the Border”, a methodology that naked shorting through a convoluted chain of interlinked broker dealers and offshore accounts, allows Canadian Broker Dealers to naked short companies into oblivion on behalf of hedge funds and other entities + +\- This is further corroborated by a forum post on Silicon Investor forums circa 2006 that points to the “Hot Potato Technique” where shorts are shuffled around entity to entity on T+11 to by-pass the extended failed trade (T+12) requirement before the IIROC is even notified that there may be a problem. + +\- Modern Day Hot Potato is known as Kiting. + +\- Even if an Extended Failed Trade had occurred, there are no regulatory sanctions imposed on offending criminals. Also note the fact that there is absolutely no record of Disciplinary History listed on IIROC’s website related to Extended Failed Trades. + +\- A study from 3 years ago by the Mcmillan gives credence to the evidence of these two methodologies and offers insight into the the laxity of rules and enforcement in Canada. + +\- The Mcmillan Institute’s study lead to the conclusion that a disproportionate amount of naked short selling campaigns occur in Canada by comparison to other jurisdictions globally. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +There is a lot of mention of Direct Registration throughout Dr. Jim Decosta’s post as well as the anonymous author of the Silicon Investor post. For those that are wondering about myself, yes I have DRS’d, more than willing to provide proof to mods if necessary. I’m waiting on my verification letter to activate my account and post. + + +**Progress Since Launch, see more at: xspace.finance** + +🟢 Website overhaul to show key statistics. + +🟢Whitepaper 0.5 released + +🟢 UniRocket Listed + +🟢 CoinGecko approved pending listing + +🟠 CMC application pending. + +🟠 xSpace Exchange (18th-25th April) + +🟠 iOS Application (Start of May) + +**$XSPACE** \- An 8 day old, 100% community-driven BSC Token. $7.8M Market Cap, 8,384 Holders. + +Ownership Renounced (immediately at genesis) + +**3 Audits AUDITS DONE BY Solidity, SecondSigma and TechRate** + +[TECHRATE.ORG](https://techrate.org/) \- [http://xspace.finance/XSPACE.pdf](http://xspace.finance/XSPACE.pdf) \- [https://solidity.finance/audits/xSpace/](https://solidity.finance/audits/xSpace/) + +Partnering With Influencers: [https://youtu.be/5n9ioovOM00](https://youtu.be/5n9ioovOM00) + +PooCoin Ads (We are advertising on PooCoin) & Chart: [https://poocoin.app/tokens/0xAD90c05BC51672eEdfeE36E58b3ff1A78bbC146d](https://poocoin.app/tokens/0xAD90c05BC51672eEdfeE36E58b3ff1A78bbC146d) + +BScScan (see current holders): [https://bscscan.com/token/0xAD90c05BC51672eEdfeE36E58b3ff1A78bbC146d](https://bscscan.com/token/0xAD90c05BC51672eEdfeE36E58b3ff1A78bbC146d) + +Current Market Cap: [https://charts.bogged.finance/?token=0xAD90c05BC51672eEdfeE36E58b3ff1A78bbC146d](https://charts.bogged.finance/?token=0xAD90c05BC51672eEdfeE36E58b3ff1A78bbC146d) + +PancakeSwap: [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xAD90c05BC51672eEdfeE36E58b3ff1A78bbC146d](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xAD90c05BC51672eEdfeE36E58b3ff1A78bbC146d) + +$XSPACE has just announced they are opening their own Cryptocurrency Exchange with an iOS & Android App coming. [https://twitter.com/xspaceofficial/status/1379130131407646725](https://twitter.com/xspaceofficial/status/1379130131407646725) + +Socials: + +Website: [xSpace.finance](https://xspace.finance/) 🚀 + +➡️[https://t.me/xspaceverified](https://t.me/xspaceverified) + +➡️ [http://twitter.com/xspaceofficial](http://twitter.com/xspaceofficial) + +➡️ [reddit.com/r/xSpaceFinance](https://reddit.com/r/xSpaceFinance) + +TOKENOMICS: + +✅ TOTAL SUPPLY 1000000000000000 XSPACE + +🥇PRESALE 678000000000000 + +🔐 LP LOCK 5 YEARS (Until 31 March 2026!) + +🔥 BURNED 292000000000000 XSPACE + +🤝 MARKETING 30000000000000 XSPACE ( Marketing Tokens can be used to fight sell walls, by purchasing advertisement, paying influencers for videos ( to attract new people ) and paying for exchanges, this will be decided if we leave this and use it to spend to send coin to new heights or burn it 3 hours before presale starts. We will make public vote in here to decide on this. ) + +🔥 All remaining tokens burned before the Pre-Sale Started 🚒 + +💸 6% Token transfer fee + +🏆 3% Reward for holding + +🔥 3% Goes to Liquidity and Burning + +https://imgur.com/a/aQeUBEj + +I attached a screen shot of the trademark application - it’s a good resource in the company’s own words of what’s to come. + +I am including below a direct link to the results of a search for Blockbuster- my +screen shot is the first filing- there are others (I haven’t gone thru them -Enjoy! Hopefully more!) + +https://tmsearch.uspto.gov/bin/showfield?f=toc&state=4801%3Ao5nw7j.1.1&p_search=searchss&p_L=50&BackReference=&p_plural=yes&p_s_PARA1=&p_tagrepl%7E%3A=PARA1%24LD&expr=PARA1+AND+PARA2&p_s_PARA2=Blockbuster&p_tagrepl%7E%3A=PARA2%24COMB&p_op_ALL=AND&a_default=search&a_search=Submit+Query&a_search=Submit+Query + + +Even the intro is chock full. *teehee* + +“G & S: Downloadable software for enabling users to receive, accept, view, purchase, sell, and exchange non-fungible tokens (NFTs); downloadable mobile application software for facilitating financial transactions; downloadable software for enabling collectors of non-fungible tokens (NFTs) to join online communities; downloadable game software; digital materials, namely, non-fungible tokens (NFTs) featuring cryptocurrency” + + + + +Looks like much to come! + +Edit: I went and took a gander at GameStop’s trademarks and they have a new trademark that is the same font and style. Interesting +However it could be standardized text. Its simple. But I went and looked at their old trademarks and the logo mock up was different-- so I am unsure if its a true mock up or if its just a preliminary + +Edit- just adding a response to something we all wonder- are the two companies connected? + +I try to be really creative in the way that I search. I am a science profession so I’m very ‘ find the facts’ + +So that’s what I’m working on now is connecting the two and it’s very speculative of course going off of Twitter. I’m definitely leaning toward that there is a collaboration based on The way that I search- Basically I take information on filings, for example addresses, phone numbers, lawyer names, And I look for crossovers. The trademark is registered in Colorado at an address that is the dish network and block buster corporate, I’m seeing the address pop up on my searching with gamestop now with employees who are listed as of this year working both for Dish and Gamestop. But I look forward to the challenge of finding concrete- i have lots of leads I’m excited to follow. There’s some leads in Florida too. + +Another thing I’m looking into is I found a court date on August 5, it’s for Blockbuster but there’s no data what it’s for but it’s also where gamestop has LLCs. So I have all these loose ends I’m going to enjoy following and will report back + + +Cheers! +Just wanted to put a PSA on here that the I bonds fixed rate is going to roll over at the end of the month from **9.62%** to **6.48%**. If you buy I bonds before the end of October, you lock in the 9.62% rate for the next 6 months. If not, you'll only get 6.48%. If you've been thinking about purchasing now is a good time. + +You get a pretty incredible return for effectively 0 risk. Especially with the stock market where it's currently at. Just wanted to give people on here a heads up who have been on the fence. +**DISCLAIMER:** I am not an expert on loans. + +A few weeks ago, I found myself in need of a couple of small loans to pay some bills before my paycheck came in. A couple of unexpected vet bills cleaned me out, and I still has two weeks until my next payment. After a lot of hemming, hawing, and slight panic, I looked up some info on personal loans and decided to go for Speedycash.com, I think it was. + +Signed up, put my info in. I didn’t have an issue with the interest rate because I would be paying it all back next paycheck, and I only needed around $150. + +“Congratulations! You’ve been approved for $1,800!” + +After the obligatory “hell to the naw”, I stopped communication and did more googling. Came upon someone recommending /r/borrow. I was apprehensive about borrowing from strangers online, but decided to take the dive - it was either get the money, or get hit with late fees. + +My loaner sent the money through PayPal instantly after I sent verification. I chose a loan of $150, with $175 to be paid back as interest. My check hit today and I paid them back as soon as I got up in the morning. Quick, easy, and painless. + +So while I will reiterate that I’m not an expert on loans, PLEASE consider /r/borrow before you go for a personal loan. The personal loan company approved me for an amount WAY over what I needed. With the interest rate, that $1800 would have quickly become a nightmare. With the subreddit, you pick exactly the amount you want, you can work with the borrower on an interest rate or payment plan, and payments are instant. + +Now, you *will* need to provide some verification of employment or identity. Each loaner has a form or email template that they use for this. It’s a security measure, and the mods keep that place locked down pretty tightly, or as tightly as they can given that it’s a subreddit. The subreddit rules explain this better, so I would give those a careful read. + +I’ve seen threads where shitty loaners and shitty borrowers get called out and banned. If you see this, don’t be alarmed. It’s to keep people’s money safe and to essentially blacklist a borrower who either has not paid or refuses to pay. Or a loaner who is being unfair and/or attempting to change the original agreement at the last minute. + +Some small tips: + +- COMMUNICATE. Let your loaner know if you cant pay, if payment will be delayed, or if you will be paying early. +- KEEP TRACK OF YOUR LOANS. Create a bookmark folder on whatever browser you use and put your loan threads in it. (For those of you who don’t own a computer and use public computers, Gmail accounts are free and can be logged into wherever.) +- READ ALL THE THINGS. In that sub, if there's words, read them. This isn’t to scare you, but to prevent confusion. If you’re a new borrower, this is important. +- DON’T BORROW MORE THAN YOU NEED. This is more general than anything else, but....don’t get addicted to loans, please. The sub is meant for short term loans. People DO get loaners for higher values, but it’s considered much riskier and therefore you might take longer to get appproved, if at all. New borrowers shouldn’t be asking for $1000 loans. + +That’s all I have for now, may edit if I think of more to say. I hope it helped someone. :) + +EDIT: I can't provide the name of my loaner for privacy reasons - sorry! Best thing to do is to go ahead and make a loan request. Don't DM anybody. + + +Good Morning Apes! + +Another day ahead of likely getting slammed by puts as put buyers continue to push their gamma slide downward and put sellers attempt to keep their sold puts OTM. Threading the needle between 110 and 100. + +[Options flow for yesterday](https://preview.redd.it/oo7dxoy0iuc81.png?width=854&format=png&auto=webp&s=60501859f2e7ba7ff4eab2104215aa3b7abc80ce) + +With LEAP expirations this Friday and large amounts of gamma exposure looming over "naked" call writers, it would not take a lot of volume to run us up into that exposure the question will be if institutions deem it work the risk knowing that the closure of puts this week will generate buy pressure anyway. + +Longs are still selling OTM puts shifting down to 80 and 90 while buying calls further out to capture the bounce back, this call buying is also pushing max pain down, all while applying pressure on those that are facilitating this drop to continue driving the price down. + +[Max Pain down to 125 today](https://preview.redd.it/3qisqoi0juc81.png?width=2097&format=png&auto=webp&s=cc2bd0a70f3f933371b8480d395ed00f26aa2ba0) + +Also I've been very focused on short volume T+x+35c days in the past an missed something interesting about short volume over the last two weeks. GME's short volume since Jan 5th has been consistently low (under 50%) which has happened before (usually before we have a strong upside move) but it is unusual for it to stagnate this way for long periods of time. This adds further credence to the case that this price suppression is artificial and driven by internalization and delta hedging of put contracts. + +https://preview.redd.it/bucvdagxkuc81.png?width=2124&format=png&auto=webp&s=360273df6e6c114e25a51a99a21ec3a25c1c642d + +[ ](https://preview.redd.it/6sqaeajcluc81.png?width=2117&format=png&auto=webp&s=0c9cbf6dc3904f11105324d7124937ef1d312e11) + +**You are welcome to check** [my profile](https://www.reddit.com/user/gherkinit) **for links to my previous DD, and YouTube Livestream & Clips** + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After-Market + +S&P did a big drop into close but we managed to hold the line after slipping through our resistance at 104 and bounced back to it a little bit in after hours. I think with more 110-112p coming in today they are gonna continue to hold the line into tomorrow. Literally riding their put wall into the ground possibly exercising them tomorrow to keep us in this channel. Thank you guys for tuning in, see you tomorrow. + +\- Gherkinit 💎✊ + +https://preview.redd.it/031hlh0xqwc81.png?width=729&format=png&auto=webp&s=b232ceda3caca4b59b9ac6100fbfdcd5362192f7 + +Edit 3 3:24 + +Heading back down with everything else towards that technical bottom one more time. Hopefully we hold the resistance on this third test though this one looks volume driven. + +https://preview.redd.it/f04ubefojwc81.png?width=1537&format=png&auto=webp&s=7d749785057ff872179a4d75aa1310eb8d73fe82 + +Edit 2 12:15 + +Just stabilizing below 110. Many of the 110 puts are still being held but the downward pressure is losing it's grip as we trade here, nearer their risk tolerance. I expected them to push bit harder to the downside to slip out of those positions instead of leaving them in place and eating the losses. + +https://preview.redd.it/airckmg3mvc81.png?width=1541&format=png&auto=webp&s=3d633fe9e649add4883b2a326a8dbba9fd5e0f38 + +Edit 10:12 + +Test of 115 out of the gate and a failure of the resistance it happened kind of suddenly, I wouldn't be surprised if they try to push it down to grab those puts at 110 before they let it keep moving up. + +https://preview.redd.it/bo4o1a710vc81.png?width=1545&format=png&auto=webp&s=61b1df80888f17badbec3852dfa192dfb8abb2c7 + +# Pre-Market Analysis + +Despite the massive drop in the market yesterday GME managed to actually maintain that technical low I called out Tuesday for a second time yesterday. Retail being incentivized at these low prices and long positions protecting their sold calls are keeping us range-bound, and just under the massive put positions at 110 and above. Many of those puts expire Friday and we may begin seeing some of them dropped today and tomorrow as theta really begins to crunch. Once that downward pressure starts lifting I expect we can see a move back towards max-pain. Maybe even beyond it. + +Volume: 11.58k + +Max-pain: $125 + +Shares to Borrow: + +IBKR - 85,000 @ 0.9 (rate up) + +Fidelity - 86,075 @ .75% + +[GME double bottom on 104.40](https://preview.redd.it/0abzakqemuc81.png?width=1545&format=png&auto=webp&s=d8429551cac178205068523f21f5276ff3dd1ab0) + +[GME pre-market 1m](https://preview.redd.it/njx8q76lmuc81.png?width=1541&format=png&auto=webp&s=f5cb32d757c0c88eb8f61e9c2d061b3e65ee0739) + +TTM Squeeze + +Another day of low average volume has turned off the fire signals on this indicator and dropped the lower Bollinger just outside the Keltner channel. This could quickly correct with some volume traded in a slightly higher price range. + +https://preview.redd.it/7itdpapzmuc81.png?width=2462&format=png&auto=webp&s=cfd482f0b13fdb0b1d1e8dafb2e1ed77f8fe0758 + +CV\_VWAP + +Arbitrage is relatively stable + +https://preview.redd.it/3biy8ueanuc81.png?width=2459&format=png&auto=webp&s=ce82171b70c37c5948d06e7b13374809df3609a3 + +MM FTDs + +https://preview.redd.it/jk167yd1ouc81.png?width=334&format=png&auto=webp&s=66245b117bc8b2b8c065fcd858a57c915252644f + +ETF FTDs + +https://preview.redd.it/thyla8rynuc81.png?width=375&format=png&auto=webp&s=9787d90932e692556980a307fc77d6aa9f8784ed + +**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.* +My sibling asked me to cosign a mortgage loan to refinance the soon to be ex-spouse off of the matrimonial house. + +I suggested that instead of co-signing the loan I could loan the money and be the bank/mortgage. + +Sibling generally agrees, so we plan to get a lawyer and do it up proper, legal note, lien on property, use a title/closing company to pay off old mortgage and record new lien etc. + +Here's my question for you all: + +I've looked at NationalFamilyMortgage ("NFM") and I might use them - they charge \~$1k to setup the loan and $15/month to service the loan. + +When I colloquially use the term "service the loan" I mean collect the monthly mortgage, principle, property insurance, tax amount; escrow property insurance and tax; keep the records, produce end of year records, and pay the insurance and tax. + +Do you all know of a service (other than NFM) that will service a private loan like this? + +Thanks! +Hi Guys, + +Just got the information from my dad - $132k owed after graduating from Uconn this past spring (4 year undergrad). Just over $1500 a month or $1100 if I refinance and go for a 15 year payment plan. + +As of now I have about $30k in savings and make $3200 a month (after taxes). Once I go from contractor to employee I will likely make close to $65k-$70k. + +No monthly expenses as I live at home, car is paid off. + +The amount I owe seems insurmountable. Like I'll never be able to buy a house or car. I know everyone is going to say live frugally and pay off aggressively (which I will). But are there any good government programs or other things I should look at? + + +I thought I had posted this. Here are my loans (all Gov't) + +* Loan 1 - Dept. of Ed - $26,817.00 @ 7.9% - Current balance is $34,740.85 +* Loan 2 - Dept. of Ed - $28,158.00 @ 6.410% - Current balance is $33,121.88 +* Loan 3 - Dept. of Ed - $29,390.00 @ 7.210% - Current balance is $33,100.12 +* Loan 4 - Dept. of Ed - $30,868.00 @ 6.84% - Current balance is $32,420.10 +(Apologies if this has been covered here before.) Four years ago, one of my siblings alerted me that my Dad’s satellite TV bill had crept up to about $160/month. A single premium channel (to get his Westerns,) but otherwise, not Hong specials He lives in a rural area without a cable alternative, so we looked at new-customer incentives from the other main satellite TV provider. + +My Dad is (now) 82, 77 at the time, and I really didn’t want to put him through learning a whole new system. But, advised him that the competitor offered the same channels for about half the price, and that we should explore it, & he agreed. + +Contacted his current provider to see if they could match the introductory price of their competitor, they would only come down 15%. Thanked them, hung up, discussed with Dad, and called them back to cancel. + +Called back, got into their cancellation queue, and got a live person very quickly. I was insistent that Dad was extremely happy with his service, but that he is retired on a fixed income, and that we were canceling solely on price. After a 4-minute “let me talk to my manager” wait, they agreed to nearly match the 2-year introductory price of their main (and only) competitor. The discount was good for one year. Dad got his bill slashed from $160 to $90. + +One year later, his bill reverted to $160, as they said it would. We called back in through the cancel queue, went through the same as outlined above, and they again reduced the price to match their competitor’s introductory price. We’ve done it successive years since. I’m sure the account notes note that we’re making the same ask each year, but the metrics in the “cancel my service queue” appear to offer those staff members very different options on discounts. + +My main takeaways: When you make this call, you have to be very ready and willing to actually walk away and start with a new provider. Have on hand all the current info on competitor’s intro offers. And, most of all, always be extremely polite and focus on price as the sole reason for moving on. +I already invested in Gold and Silver last year and I’m planning to widen my investments before mid-year 2022. + + +I have first thought about copper since it comes third after gold and silver for jewelers but tops the list for builders and engineers. It’s durable, malleable, and conducts heat and electricity extremely well. Even more good news for resource-rich here in Canada, and investors in the US, comes from copper’s key role in the switch to electric cars and sustainable energy. Electric vehicles require two-to-four times more copper than their petrol-powered counterparts not to mention when they push forward with their future plans for massive infrastructure improvements aimed at fixing its ailing highways and bridges, and upgrading airports and transit systems, expect copper to play a major role in any construction projects. (Not only in the U.S) + + +Coal will never be that dominant energy source that it once was but, it's not going to completely go away anytime soon so I’m planning to take this opportunity to have some (not sure if this will be good for the long run, might check the stocks every now and then)I have all these hypotheses yet am still unsure entirely where to get on first. Please feel free to leave me some advice or thoughts. Thank you all in advance! +1) research the companies you see listed across the various ETFs and invest individually (save on fees, buy dips, but requires self managing, balancing and paying attention) + +- banks: RY, BNS, CM, TD + +- financials: SLF, BAM-A, MFC, + +- utilities: FTS, AQN, BIP-UN, + +- others: BCE, ENB,TRP, CNR, NTR, CNQ, CAR-UN (note: I am not recommending any of these, just pointing out stocks that are cross-listed a lot between dividend ETFs) + + +2) specialty ETF space (all 0.55 management fees) + +- XUT (utilities) strong 5 year return averages, ok dividend yield (3.40%), 16 stocks EDIT ZUT looks even better + +- ZRE (real estate) strong 5 year return averages, good distributions (4.86%), 23 stocks [XRE is more popular, VRE has a lower MER] + +- ZEB (banks) strong 5 year return averages, good distributions (4.24%), 6 stocks [CEW has 11 stocks in financials, XFN has 26] + + +3) Buy Canada - TSX is dominated by banks/financials, materials, utilities and energy (all good dividend stocks) + +- XIC ave 5 year return of 8.28%, dividends of 3.05%, holds 222 stocks with only 38% in the top ten and a 0.05% management fee (38% financials, 13% materials) + +- ZCN has slightly less financials, slightly more balanced sectors + +- VCE has 54 stocks and avoids some of the undesirable low end TSX stocks + + + +4) Dividend ETFs - all at about 6-7% ave 5 year returns with 4-5% dividends + +- CDZ - only to include REITS and holds the most stocks (81), highest management fee (0.60%) + +- ZDV - also diversified, keeps financials below 40%, only 30% in top ten, more utilities rather than energy + +- HAL - unique holdings to most others (only one overlap with VDY within top ten), least financials, most industrials and utilities + +- VDY - lowest management fees, largest average volume, 59% financial, 23% energy [XDV and XDIV are somewhat similar with less holdings] + + +EDIT - there are covered call, out of the money, dividend ETFs for those willing to learn: ZWC, ZWB, ZWU, TXF +I am a software engineer. My wife is a pediatrician. + +As I watch the passive income stream in from investments, I am seeing that the amount of money we get from our jobs matters less and less over time. + +I don't hate being a programmer. I enjoy coding challenges. The problem is that most of my work involves waiting for people to respond to me, or doing other non-challenging kind of work. So it feels like a lot of my time is wasted on non-coding tasks. Lots of busy work. + +This is usually why I kept switching jobs. To find something more challenging. But I am starting to feel like all full-time programming jobs suffer from the same problem. + +It makes me wonder if there is some alternative way to doing things. + +I want to continue working, but I wish I had more time to do other things. Especially since we have kids. + +Wage income is not as important, so I can take up pretty much any kind of job. However, I don't want to lose my programming skillset. + +I don't want a remote job, because I enjoy interacting with coworkers in person. + +As far as I've seen, part-time programming jobs are extremely rare. Even then, it's just a full time job with reduced hours. Like working 9-6 Mon-Thurs. That's still 36 hours in a week. + +I'm looking to do something a bit more extreme. Like 24 hours in a week? + +The only way I've seen people achieve this kind of schedule as programmers has been freelance work. + +But it sounds like that kind of work would involve a bunch of time looking for good leads and meetings figuring out what to do, instead of actual coding. I feel it would involve more non-coding time than what I experience in a fulltime job, which I am trying to avoid. Also, I'd prefer to work in a team with people, rather than solo. + +This leads me to think of a completely different lifestyle: Take on various part time jobs - Phlebotomist, Tutor, maybe some kind of part time skilled trade.. and do online coding challenges as a hobby. + +Yeah... I feel like I'm rambling a lot, and complaining about a position other people wish they had.. I just don't know how I will end up retiring if I can't decide this kind of stuff now. +In case you missed it, u/dlauer gets one last message in right after the show ends. + +I almost missed it, so want to make sure no one else does. + +Overall a good episode and good for broad knowledge of the situation. + +I personally didn’t feel it lived up to the hype and I think it’s official now, Gary Gensler is a bitch, scared to death and absolutely not on our side. Did anyone else feel that way? + +Edit: great point by u/6stringDindaling + +>GG confirmed that he’s stuck playing nice in the sandbox with Congress. If he doesn’t, congress shoots everything down and he gets nothing done. He’s stuck walking on eggshells. + +>SEC is NOT the issue here. Congress is, and Congress is bought and paid for by the same people who are robbing us. +Something like this program called [itemize](https://www.itemize.com/). My end goal would be for example: I go to target, buy 20 things. I'd like to be able to extract that data into excel/sheets/numbers/etc so I can manipulate what I spend on paper towels, groceries, electronics, etc. + +Thanks! + +**** Edit **** Thank you all for the great suggestions. I have some researching to do. +Jack them titties. + +Last time around for earnings there was no news that came out of it, even though we felt entitled to something. Some kind of catalyst. Instead we got a 15 minute call in which RC spoke briefly and told us all to buckle up. + +And so we did. + +That shareholder meeting would be the last time we would recognize Sherman as CEO, and Matt Furlong would not be named until June 21st. As we all know, Ryan Cohen is unable to speak publicly about GME due to the “gag order” until next year at some point I believe. + +So consider this…if RC is unable to speak on it, Sherman is leaving, and Furlong hadn’t been named yet; why would we have expect some blowout announcement? + +However THIS time around… + +We have RC firmly in control, Furlong in position to speak publicly on behalf of RC, two completed share offerings, cash-lined debt-free coffers, a pending NFT announcement, new fulfillment centers and an expanding e-commerce presence to rival the likes of the largest global retailers. + +THIS time is going to be different. Buckle up indeed, apes. 💎👐🚀🦍 + +Edit: it’s earnings Eve, LETS GET FUCKIN HYPE. +I guess next year’s theme is going to be planning for my future. I would like to purchase a condo around the same time next year. I currently have a high yield savings account and I’m about to sign up for my 401K at work. I was just wondering which step would be better after? Roth IRA or Whole Life Insurance? I currently am not married, no kids. It’s just me and my pups although I do plan on having a family in the future. +What’s everyone’s stance on taking out a personal for debt consolidation? Like- say I wanted to pay off the remaining balance of my car and other large balances to turn it into one payment a month? +We have 3 young kids and want to start saving for them, but also want to start saving for my own retirement. Do I go with a Solo 401k, Traditional IRA, Roth IRA? A 529 for each kid? I’m not sure how much I’d be able to contribute as we are using every penny right now, but I know we need to start soon! + +I (30F) have been self employed for the last 4 years making less than $45k/year through a government contract. I have been using all of my income for expenses (rent, daycare, essentials) since I usually have had little to pay the IRS when they take into account child credits and my husband’s regular job ($56k) where he gets a W2 and good benefits where he maxes out his 401k, HSA, FSA, etc. **edit: he makes a 5% contribution to his 401k for the max employer match. He pays 5k yearly to the FSA, and previously 5k yearly to a pretax childcare spend account. And the biggest expense is actually 12k yearly for medical, dental and vision health insurance. +Hello everyone +A newbie here +What do you think of my portfolio (long term) +25% in VOO +25% in VTI +15% in VIG +The rest are spread among high paying divident stocks +(15% in KO, 10% in JNJ, and 10% in P&G) +Im 17 btw +Update: thank you for all the cmt. +I have rearrange my allocation to be like this: 46% VTI, 30% VXUS and 24% BND. Thanks again. +We have a lot of younger folks on this page. Our last recession was 2008. I'm 33 years old and I graduated college in 2008, during our last recession -- most millennials have never experienced one as an adult. We are overdue for one, and there are some warning signs that this one might hit soon and hit hard. + +Ideally, you want your finances to withstand a recession much like would you prepare your home to withstand a major storm or hurricane. Layoffs are more likely to occur during a recession, and finding a new job will not be easy. Banks are less likely to lend, and the value of your investments and home might plummet. + +So, what can you do to prepare? + +1. Pay down high interest debt. When a hurricane is coming, you want to remove things that might threaten your house, like dead tree limbs. Likewise, high interest debt, like credit cards, threaten your financial well-being. It's time to remove these threats, quickly and efficiently. If not, they might bring down your roof. +2. Build an emergency fund - the food and water that will support you through the storm. You might need to sustain yourself for some time. +3. Things will look different - don't panic. When you step outside in the eye of the storm, you might notice things look different; they look scary. Your home is underwater. Your 401K has lost 40% of its value. Breathe. The worst thing you can do is to panic and sell your investments. They will rebound. It will take time. Do not sell low and buy high. +4. Protect your foundation. If you are nearing a major financial milestone, like buying a home, or retiring, prepare now by rebalancing your portfolio. Equities will lose money during a recession. If you will not need to access the funds soon, re-read step three. If you are nearing a major milestone, and will need to access the funds soon, it is time to re-balance. If your time horizon is 0-3 years, cash is king. + +Edited to add: + +A few people asked for sources - + +82% of CFOs polled expect recession within 2 years - [https://www.bloomberg.com/news/articles/2018-12-12/u-s-cfos-overwhelmingly-expect-a-recession-within-two-years](https://www.bloomberg.com/news/articles/2018-12-12/u-s-cfos-overwhelmingly-expect-a-recession-within-two-years) + +Two-thirds of Economists expect recession by end of 2020 - [https://www.bloomberg.com/news/articles/2018-10-01/two-thirds-of-u-s-business-economists-see-recession-by-end-2020](https://www.bloomberg.com/news/articles/2018-10-01/two-thirds-of-u-s-business-economists-see-recession-by-end-2020) + +&#x200B; + +Also - I am not an economist, but the warning signs that I have read about - 1. major economic slowdown in China, 2. companies are highly leveraged. Why it could be a tough one - with rates as low as they are, the Fed doesn't have as much leeway to encourage spending. + +&#x200B; + +Second edit to clarify the "most millennials." - Definitions vary, but I see those born between 1980-2000 as millennials. That would put the age range of people in that generation from 8-28 years old in 2008. In other words, roughly half were between 8-18. Some of you, like me, were a bit older. However, a decent portion of those 18-22 were in college in 2008 and somewhat sheltered from the recession. Obviously, those on the older end of the generation might have different experiences. But to be fair, those born between 1980-87 or so do not make up "most millennials." I'm an older millennial (born in '85), and I graduated college in 2008, as mentioned above. It was tough to find a job for a while, and I had to work retail to make ends meet. I also didn't have many assets or liabilities, and could get by at $10/hour. Flash forward 11 years, and I have been in my current career for 8 years. I have eight years of 401K contributions. I own a house. My monthly debts are more than my monthly income was in 2008. I am in a different stage of my financial life, and a recession would hit me differently than it did in 2008. +Canadian National Railway Railway Co. is planning to make a roughly $30 billion topping bid for Kansas City Southern, KSU -0.43% according to people familiar with the matter, likely kicking off a bidding war for a railroad operator that has already agreed to a sale to another Canadian rival. + +Canadian National plans to offer $325 for each Kansas City Southern share Tuesday, including $200 a share in cash and 1.059 Canadian National shares, the people said. The offer represents about a 20% premium to Canadian Pacific Railway Ltd. CP -1.07% ’s agreement to pay $275 a share including $90 in cash, a roughly $25 billion deal reached last month. + +https://www.wsj.com/articles/canadian-national-plans-to-make-30-billion-topping-bid-for-kansas-city-southern-11618915544?mod=breakingnews +I had a feeling that the stock market had become similar to the fractional reserve lending of banks. + +But I had no idea how bad it was until reading u/Atobit's DD. + +Now we must hold as evidence that fraud is occurring. Apes are the wrench that has been thrown in the gears of corruption. + +HOLD. Not for money, but to expose the corruption of Wall street. + +WHEN ARE WE GOING TO TREAT THEM LIKE THE CRIMINALS THEY ARE. HOLLLLLLLD. +The Celsius news blocking regular Americans investors is terrible, but not surprising you could sense they were tightening the screws because allowing common folk to earn 7% on stables vs the 0.3% they get in banks is soooo risky. + +Common folk can however invest happily, all their savings into IPOs like Didi... + +[Which is down a whopping 84&#37; from its IPO](https://preview.redd.it/zwuk6drnz4t81.jpg?width=2212&format=pjpg&auto=webp&s=6cc8ae8a4fcc3b092caacb0f0efad779a7611ec9) + +The IPO which SEC's anti-poor hitman Gary Gensler approved... + +You see, as long as you lose money, its all fun and games. + +But when the average guys finds a way to make just a little more than what the government allows them to make, they have to be shut down using the entire force of the regulatoooors who want to protect you from earning more than what banks allow you. + +The 7% rate offered by Celsius or Blockfi isnt even inflation beating, in the era of > 8% CPI. But you cant earn that unless you are accredited. +When princess Diana passed away the dutch floral industry saw a 20-30% jump. +When queen Elizibeth passes, the same thing is likely to happen. +Kinda a morbid trading plan, but hey, an edge is an edge. +I cant find any financial product with this kind of exposure. +Anyone here know? +Hi folks, + +I am "cash out" refinancing one of my investment properties. It's currently paid off and worth about $550k. + +As part of the application process, the mortgage company wants a written statement as to the "purpose of the refinance". Does anyone know what red flags they might be looking for? + +Bottom line, I am looking to free up cash for additional investments and to provide some interest rate arbitrage against the risk of inflation. + +What is acceptable, what is not, and what is too much information? + +Many thanks! +Taking on the old chestnut, often-cited here, that "we see wealth generally disappear within three generations". [Here](https://voxeu.org/article/intergenerational-mobility-us) is a pretty detailed study on inter-generational wealth/earnings transmission between generations, in the US, 1980-2010. + +&#x200B; + +EDIT NOTE: earnings here includes capital earnings. + +&#x200B; + +Takeaways: + +* in the fatFIRE bracket, your children's earnings are \~50% due to your own earnings (correlation, not causation, yes IK), your grandchildren about \~25%; lower income has a more persistent deleterious impact on children's earnings. +* persistence is decreasing over the last 30 years, looks like \~10% decrease on average (so now it's probably \~45% for your kids and 20% for your grandkids) +* something like half of the persistence is due to educational attainment + +&#x200B; + +Moral of the story, if you want your kids to do well encourage them to pursue educational opportunities. That + earning above the median household income is about as good as you can do to set them up for success (statistically). +Hey everyone, I find this annoying but the CRA is showing a crazy high number of allowable contribution room for my TFSA but I just maxed it out yesterday. Did I do it correctly? I added up all my ‘book’ values of my TFSA’s and used that and compared to my allowable room based on how old I am and how much room I have. + +I know the banks report once annually to the CRA on contribution room but it’s annoying that it’s entirely your responsibility but if you over contribute, the CRA shoots you and your entire family. + +Edit: I track all my balances in an excel spreadsheet in real time + +Update: I downloaded all my statements, tallied it up and I’ve over contributed by $2K. Waiting for the CRA to execute me + +Note: I’ve contributed a lot this year (I’m 28) in a few TFSA accounts which made tracking kinda awkward this year. I appreciate everyone’s help and anecdotes +Let me preface this; I am well aware that Crypto is basically gambling, but there still has to be SOME kind of evaluative process to gauging viability of certain coins. Right? + +I have a guy a work who 'researches' alot about crypto, always telling me about coins coming out and interesting things going on with crypto. Man is an idiot for the most part, but has seemingly predicted several coins that have at least 4× their value months before it happened. He is a gambling addict, so I take little stock in what he says; but it got me wondering how or if there actually is some way of evaluating crypto or is it basically dumb luck? +I recently sold my business and became FatFire'd. Currently, I am working to figure out "what's next" after being burned out for years. In the meantime, I miss being out in the world. I have no place to be most days and could use a schedule. Anytime I start working on new business ideas my brain just sort of "false starts". So, I have this idea of working a "normal" job where I can have tiny accomplishments (even making a coffee for a stranger) and be able to interact with others. A barista, Uber driver, or supermarket stocker as examples. + +Has anyone ever done this? +Edit: Far more in depth DD in the link below, but this post contains a letter to my reps. + +[https://www.reddit.com/r/Superstonk/comments/phujc2/introducing\_the\_expert\_market\_otc\_market\_groups/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/phujc2/introducing_the_expert_market_otc_market_groups/?utm_source=share&utm_medium=web2x&context=3) + +The proposal for Expert Markets was to include stocks that "become ineligible for quotation after the Compliance Date because the information required by the Rule is not current and publicly available for the issuers of those securities " + +As such, this Expert Market "...could enhance liquidity for sophisticated or professional investors in grey market securities " + +Of course it enhances liquidity...because without this market, Rule 15c2-11 would require most of the trading in these securities to cease entirely. + +So let's reword this a bit simpler, shall we? "SEC, we want to create a market where we can move these bankrupt company stocks and continue to keep our short positions open, but in a way where the general public can't monitor us. We understand the we'll still have to comply with Rule 15c2-11, as we do all other rules. That is to say, you'll get your cut at some point." + +Apes, there's not much we can do at this point but write our reps. So I thought I'd include the letter I've just sent via a website that identifies and emails all your representatives at once. I encourage each of you to do the same. + +[https://democracy.io/](https://democracy.io/) + +Here is my letter: + +>I've recently become aware of a new "Over-the-counter" stock exchange dubbed the "Expert Market." This market will host delisted stocks (typically those of bankrupt companies as well as companies who've failed to perform well, or those who've been naked shorted illegally, see: Wes Christian). This exchange is being implemented to "protect retail investors." However, as usual, a "protection" of retail investors is actually a protection for the status quo, directly benefitting Hedge Funds, Market Makers, Brokers, and Prime Brokers. +> +>The implementation of this "Expert Market" is particularly ironic, and concerning, given the newly effective OTC Rule 15c2-11. Prior to rule 15c2-11, "certain of the rule's previous exceptions permitted broker-dealers to maintain a quoted market for an issue's security in perpetuity, in the absence of current and publicly available information about the issuer, and even when the issuer no longer exists." +> +>Let me re-iterate ~~in simpler terms~~: Prior to this rule, a stock may continue trading long after the company no longer exists. +> +>Why would shares trade after a company no longer exists? Because market participants directly benefit from continued trading as the participant may retain a perpetual paper gain on short positions, thus never having to pay taxes. Instead, the paper gain is used as collateral against credit lines, margin, other positions, as well as risk management. +> +>Make no mistake, OTC Rule 15c2-11 is great for all investors, our economy, and our tax revenue. +> +>"Expert Markets", on the other hand, will directly undermine the effectiveness of OTC Rule 15c2-11 by allowing market participants to continue the exact behavior the rule seeks to curtail, except that the level of accountability will decrease dramatically as the public will no longer have access to trade data to ensure these positions are indeed closed. Alas, some of the positions simply cannot be closed, because more shares are sold short than were ever issued. +> +>While we, the retail investors, do not particularly enjoy having to do the SEC's job of monitoring markets, the SEC has proven they are consistently unable to effectively monitor and quickly address egregious abuses of existing rules. +> +>Finally, the Expert Markets are most certainly not about protecting retail as the vast majority of brokerages do not allow trading of securities under $1. So the bulk of trading is done by Hedge Funds. As such, any attempts to remove trading data from public view must be met with fierce resistance. +> +>I implore each of you to fight against the implementation of the "Expert Markets" or, at minimum, ensure the trade data is highly available. +For example, say you won $50 million overnight. + +What would be your next steps? + +I'm thinking the logical steps would be: + +1. Hire a good accountant, financial planner and estate lawyer +2. Spend a decent amount of time (say 6 months) without spending any of it while you collect yourself +3. Try to limit how may friends and family you tell +4. Hire personal security? + +Any other ideas or thoughts? +🔥🔥**PRESALE COMPLETED IN 1 MINUTE** 🔥🔥**JOIN US ON TELEGRAM FOR MORE INFO** 👇 + +🔥🔥**UPDATE** **I** 🔥🔥 **ALREADY 1000+ HOLDERS IN LESS THAN 1 HOUR 🚀🌕** + +🔥🔥**UPDATE** **II** 🔥🔥 **2000+ HOLDERS REACHED 🚀🌕** + +THIS is THE token with a real goal. There have been a lot of deflationary token forks lately but none of them had an actual utility that would make the project useful and sustainable on the long term. Here's what happens on a daily basis, a 10x pump, a big dumps and then a big flatline. I found this gem luckily before presale and strongly believe in their project. + +Source: [https://orcax.finance/](https://orcax.finance/) + +OrcaX is a charity token ($OX), 3% of every TX is sent directly to the Binance Chartiy fund, 2% is redistributed to holders and 3% is burned. They are aiming to be a deflationary token with an actual purpose and hope the community will follow them in their cause. + +Check their website and whitepaper for more details 🤓 + +Also check Crypto Pablo's Youtube video, all the details explained 👉 [https://youtu.be/M9OvsMPTl3U](https://youtu.be/M9OvsMPTl3U) + +**Tokenomics** + +🔸 Token Name : OrcaX (OX)🔸 Reflective   🔸 2 % redistributed   🔸 3 % burned   🔸 3 % charity🔸 Total supply: 700,000,000 OX🔸 Marketing: 28,000,000 OX (locked 10 days, vested 1% per day for use in marketing campaign)🔸 Team: 28,000,000 OX (locked 6 months)🔸 Presale: 325,000,000 OX🔸 Listing: 260,000,000 OX + +**Useful information** + +🔸 Dev Wallet / [Locked](https://dxsale.app/app/pages/dxlockview?id=0&add=0x7ae0ba9f54F1335E77c69Ab4b969DB5a230795B4&type=tokenlock&chain=BSC)🔸 Marketing Wallet / [Locked](https://dxsale.app/app/pages/dxlockview?id=0&add=0xFECED544cD2D13cf8330D458D77bd624dEe38dDE&type=tokenlock&chain=BSC)🔸 [Burned token](https://bscscan.com/tx/0xdd79cbec0e1748db9cdac87b0959a7bfba6815654edf9abdf2c0a92f2159e02d)🔸 Ownership : Developer + +**Links** + +🔎 [BSCScan link](https://bscscan.com/token/0x139dd9203c8E46d15B3896814Dc9424c5e5559fA)🥞 Buy on [PancakeSwap](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x139dd9203c8E46d15B3896814Dc9424c5e5559fA&inputCurrency=BNB)🔗 [DXSale (presale link)](https://dxsale.app/app/pages/defipresale?saleID=1345&chain=BSC)🌍 [Website](http://orcax.finance/)🎬 [Crypto Pablo's Youtube channel](https://youtu.be/M9OvsMPTl3U)💬 [Telegram](https://t.me/OrcaXOfficial)🐦 [Twitter](https://twitter.com/OrcaXbsc)📃 [Whitepaper](https://orcax.finance/documents/whitepaper.pdf)💩Chart: [https://poocoin.app/tokens/0x139dd9203c8e46d15b3896814dc9424c5e5559fa](https://poocoin.app/tokens/0x139dd9203c8e46d15b3896814dc9424c5e5559fa) + +**Presale** + +🔸 Softcap: 50 BNB🔸 Hardcap: 250 BNB🔸 Min participation: 0.1 BNB🔸 Max participation: 2 BNB🔸 1 BNB = 1,300,000 OX🔸 Presale price = listing price + +&#x200B; + +I'm excited because of this not because it is a quick medium of hefty profit, but I really like their vision and they have a solid roadmap, this one can go long term. A very fun and refreshing project. + +Go team Orca X Charity 🚀 +I’m devastated… I sold a FB 11/5 exp 350 straddle, collecting total of 20$ premium per strike and thought to myself this is literally free money. And I sold 10 contracts per leg… now I’m literally shitting myself everyday. I’m looking at an unrealized loss of over 13k… this single trade would wipe out all my gains for the entire year…I know I wasn’t being careful when opening this position. What should you do to save this move.. +I made a post before when NSCC-2022-003 was approved but i noted that the notice did not say anything about when it would go into effect. Before a rule can go into effect it has to be sent to the Federal Register. Well they have sent it to the Register and it is dated for tomorrow. + +https://preview.redd.it/cjufe4in5v391.png?width=884&format=png&auto=webp&s=8d64cc4c09431a095c4371380d205a45861e234e + +There was actually an advanced notice shown above that was posted on 6/2 and at the bottom of it states this: + +https://preview.redd.it/kzt4o0aq5v391.png?width=717&format=png&auto=webp&s=f4ad1149f7be2ae532a66a898c395e87ab96b949 + +So even though no date is listed it says that the NSCC is authorized to implement the SFT Clearing Service once it is approved. It was approved and should be official on 6/6 so i would take that as the earliest date it could go into effect. Granted it could be a later date if they need time to get the system up and running. + +Interestingly if you add the numbers together 06/06/2022 is 6/6/6, simulation confirmed? + +Anyway STAY STRONG APES! UNITED WE GET RICH DIVIDED WE FALL! +I founded and lead a niche staffing/professional services company. Founded 5 years ago. Revenue: +2020: $2.1M +2021: $6.8M projected +2022: goal of $13M +(current MRR is ~$900k so this is not wildly ambitious and may go up) + +Went from having zero W2 staff (other than myself) last year to about 15 now and 30+ next year. We have always had dozens of 1099s but now into the hundreds. + +I’m now struggling with issues and having questions that my current network/ peer group/ advisors aren’t that helpful with. Things like how to best structure profit sharing, best systems to implement, what things to think about now to be able to sell for a high multiple in ~5 years. + +I have had a great executive coach since the start, but feel like I’m starting to outgrow her and need someone who has worked with leaders at this scale or with this growth rate. + +I’m in a couple of networking groups of female entrepreneurs but the leaders at my scale are few and far between there. + +I don’t qualify for YPO, have looked at EO and Vistage but not sure if they are the best fit. Considered Chief but don’t live in one of their hub cities. + +So I’m wondering if people have advice on finding a new coach, a networking group or mastermind cohort, M&A advisors (other than brokers and lawyers)? Any other things I should be thinking about and doing now? +Slight background, going from about 170k a year to about 70k. My current job is a traveling rotational job that demands me to be away from home for long periods of time. The new job is five minutes from home, get to go home every night, but with a very new and expanding company that has an unknown back around. + +Has anyone else taken this kind of pay cut to be home every night and not regretted it? I don't mind my current job, I quite enjoy it while I'm working, but I'm just sick of missing all the birthdays, weekend camping trips, quality time with my wife, etc. + +Edit: This blew up a lot more than I expected it to. I'm trying to keep up, but in the mean time, some more backaround. I would be giving up a very niche line of work, with very few cross over skills (I won't bore with the details). Our budget would work out just fine when it comes to day to day living expenses, but our recreational budget would be slashed. We do quite a bit of world wide traveling and that would have to be cut down dramatically. I have been saving over half my income towards retirement, to maybe the average of 5-7%. +I am absolutely livid. + + +Instead of cancelling a fraudulent order immediately, I had to file a case and wait 2 WEEKS for them to look at it. By then, of course, the package had already shipped and arrived so they’re saying it was delivered and are refusing a refund. I have the address it was shipped to and it’s in OHIO. I’m in Utah. I’ve contacted my Bank who have refunded the money and are looking into it but this is so ridiculous. Is there anything else I can do? +As my investments grow, I realized I've been doing this on my own. Its not like I'm hiding anything from my wife. She knows how much I've invested, she just doesn't know how to access it in case something happens. I'm currently writing everything up for her, and leaving it in our safe. I suggest for the married men/women out there, set a plan. Or something set up for your kids/next of kin. Write it down and keep it safe. Update it regularly, and walk them through it on occasion. Stay safe, and enjoy your crypto. +My boss asked me if I would like to operate a secondary off site location 25 miles from where I live (currently commute 12 miles each way to main site) + +He offered me $2 more an hour to pick up more responsibilities, drive 12 extra miles each way. I told him to let me think about it to weigh pros and cons. I got back to him a few days later, declining the position stating that the $2 raise would be eaten by gas, ware on my car, and an un godly amount of time in traffic to and from. + +My cost: $2 more @ 40 a week is $80 more in my paycheck per week. + +I currently use about a half tank or less commuting and with the price of gas it cost me $35-40 to fill up at half a tank. + +I would drive roughly 250 miles a week so that’s literally my whole tank, leaving me 30 miles to E. Plus time sitting in traffic for a 45 min drive each way. + +I would also be losing 5 hours of OT a week and 10 every 2 weeks + +I guess I’m just asking if I’m making the right decision? + +Yeah it’s an opportunity to move up but I’m already on the road to make 60k just starting out with OT. +You guys are too hateful towards Coinbase. Without them and their easy-to-use website/app Bitcoin would never be as popular as it is right now with regular people. Currently it’s top 10 on the App Store where I live which is awesome. + +Yes, their servers were down yesterday but you can’t really blame them. They had 8 times more customers than their last peak time. If you had planned a dinner for 5 people and suddenly 40 hungry people showed up, what would’ve happened? + +Hopefully they’re expanding their servers right now and we won’t have a problem for awhile. + +I see the server problems as a good thing, 8 times more customers than their last peak?! We’re going mainstream guys, don’t forget to fasten your seatbelt. :) + +[https://www.superguide.com.au/how-super-works/carry-forward-contributions](https://www.superguide.com.au/how-super-works/carry-forward-contributions) + +Just wanted to share this. I'm not making any additional contributions but I heard about this recently and it seems like some people are not aware of this provision? Or maybe everyone knows and I didn't know :D + +Edit: Oops I just realised my title looks like click-bait.. I didn't mean for it to sound like that so here's a **tl;dr**: You might be able to contribute over $25,000 and get the same tax benefits if you haven't contributed the full amount in the previous year. i.e. you can carry forward your contributions cap. The article explains it better than I can. +Make a copy of the blank spreadsheet for yourself (File > Make a Copy. Please don't request edit access; I won't grant it): [https://docs.google.com/spreadsheets/d/1UKBknHUvup\_U\_Q\_4FWiKGROYiVYq0KVsTA7itl9zDBE/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1UKBknHUvup_U_Q_4FWiKGROYiVYq0KVsTA7itl9zDBE/edit?usp=sharing) + +See how it looks filled out up to October 2020 with phony data: [https://docs.google.com/spreadsheets/d/1bjr\_BW2BxaEtl13UY5JWigftGDWyY\_iUXgHTlBUOEYw/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1bjr_BW2BxaEtl13UY5JWigftGDWyY_iUXgHTlBUOEYw/edit?usp=sharing) + +&#x200B; + +I figured I'd share my personal calculator. Influence for this calculator comes from several Redditors here (trying to find their posts now so I can properly credit, if anyone recognized any tables from the SWR sheet as being a previous post here lmk) as well as the creator of the financialindependencesheet. + +It may help to follow along with this explanation by looking at the filled-in spreadsheet as well as your own blank spreadsheet. **White/blue column = manually input. Gray/green column = don't touch**, it performs automatic calculations for you. + +There are essentially 3 tiers of use for this spreadsheet: budgeting, budgeting + net worth, and budgeting + net worth + FIRE. + +**Just Budgeting:** + +What to fill in: If you just want to budget, then the only tabs you need to use are "Out" and "Monthly Budget" as well as the left third of the "Dashboard." You start with the Monthly Budget sheet. The only column meant to be manually input is the Budget column. Input your monthly budget. Then, go into the "Out" sheet and track your spending as you normally would. If you would like to add a note explaining the purchase you made that day, you can do so with the notes or comments feature of Google Sheets. You can see that in the "Out" columns of Gifts, Fees, and Misc, I've included notes where there is a value. The 2nd row of "Out" and "Monthly Budget" will show you a mini graph (sparkline) of your total spending. The 3rd row of "Out" and "Monthly Budget" will show you that category's spending for the current month. + +Adding or removing a budget item: unless you're familiar with Google Sheets, I would encourage you to not delete nor add columns, since this breaks some of my graphs and aggregated tables. What you can do is rename a column in the "Out" sheet to something applicable to you, if one of the categories you see is not applicable. I've set the Dashboard and Monthly Budget sheets to automatically change the column headings when you change a budget item in the Out sheet. This will not work if you rename a column anywhere except for Out. + +Viewing the Dashboard: For budgeting, the only thing you should edit in the Dashboard is the month and year you'd like to view. The day \*has\* to be 1. If you want a yearly view of 2020 and a monthly view of October, type 10/1/2020 into cell B5 and scroll down to see the pie charts and tables update. + +&#x200B; + +**Budgeting + Net Worth**: + +All of the info above is still applicable. Now we introduce the "In" and "Net Worth" sheets, as well as the middle third of the Dashboard. + +"In": This is the first place you want to go for the rest of the sheet to work. In the white/blue columns, input information from your paychecks. If you don't have traditional 401k contributions/HSA contributions, feel free to leave those blank or replace the titles with any other pre-tax items you have such as health insurance premiums. If you have more than 2 pre-tax paycheck deductions, you can add columns between Pre-Tax HSA and Pre-Tax 401k. For the Net Income column, my recommendation is to put whatever your income for that month would have been if you had no pre-tax deductions/contributions, because I calculate savings rate as contributions/savings/debt repayment divided by net income, and if your net income is 19.5k lower due to 401k contributions you might artificially increase your SR number. SR is really whatever you want it to be, though. Up to you. + +"Net Worth": I've hidden row 4. If you've ever made contributions to your retirement accounts, open row 4 and put the total contributions since before 1/1/2020 in columns I through M. Then hide row 4. From then on, when you make contributions, put them in the proper month of columns I through M. Your current account balances go in columns D through G. If columns D through G don't reflect your investments, you can rename them. Input your account balances at the end of the month in columns B through G. Enter your debt in column H (it has to be negative, if you have any). Enter your contributions and payments for the proper month in columns I through N. The last thing you need to manually do in this sheet is scroll to the right and fill in the Savings Rate Goal for that month as a percentage. The rest updates automatically. + +"Dashboard": Once you've done all that for the month, check out the dashboard. You don't need to manually do anything for the Net Worth part. + +&#x200B; + +**Budgeting + Net Worth + FIRE:** + +This is where the fun begins. All spreadsheet tabs are now applicable, everything above is still applicable. The new additions are "SWR" and the final third of the Dashboard. If you've completed all the steps above, you're pretty much done save for a few manual inputs. + +"Dashboard": First, in the Dashboard, update your Withdrawal Rate, Age, and the Return Rate - return rate is just the amount after inflation that you believe the total stock market will, on average, return. By default, I've set this value to 7% as the average return of the market is 10% before inflation. Scroll down your Dashboard to see more FIRE metrics such as % until FIRE and the total net worth amount you would need to cover your average yearly expenses (boring note about this formula: >!the average spend calculations take your spending from "Out", average them not including zeroes, and mutliplies by 12. This means that if you had unusually high spending in a category (in my example, I had 1 monthly expense of over $600 for medical), it will take $600 \* 12 = an average of $7200 per year. Because of this, the NW number you need to cover all expenses may be inflated. Consider it a "worst-case scenario" table and don't put too much stock in the "Needed" number for unusually high expenses.!<) + +"SWR": The first table shows annual withdrawals based on your current Net Worth and selected withdrawal rate (Dashboard), if it were to be left alone, until a certain age (Y axis) and at a certain average total stock market return (X axis). There is 1 manual input for this chart: F1. If you want to view what your annual withdrawals could be at a certain age and at a certain stock return rate, type "\[Age\] @ \[Return Rate\]%" and the cell underneath will automatically pull the number. In the next table, you see the % you are under you've reached CoastFI for your LeanFIRE, FIRE, and FatFIRE numbers at a certain age (Y axis). There are 2 potential manual inputs here: cells H2 and J2. Currently, H2 is your LeanFIRE number and I've just calculated it as 2/3 of your FIRE number. The FatFIRE number is just 1.5x bigger than your FIRE number. You can change them manually if you want. Finally, the table next to that shows the monthly amount you would need to contribute to your Net Worth to reach your numbers at a certain age. Additional manual inputs for the table include your overall portfolio stock allocation, bond allocation, and the rate at which you expect bonds to increase in value. + +&#x200B; + +**Extras**: + +I've also thrown in an amortization schedule (designed for a 30-year mortgage but adjustable to fit your needs, be it a car loan or student loan etc). At the top you can input your loan's terms. On the right half of the spreadsheet, you can see what happens to the loan if you pay extra that month. At the very end of the spreadsheet is a free math section. Just a blank sheet in case you want to do random calculations. + +&#x200B; + +Critiques and questions are welcome! + +P.s. a common critique is that the Out page is inconvenient to update. Here's my recommendation, and what I did for my personal sheet. Create a google form. Put all of your categories into it as a multiple choice question. Short answer question for amount. Save the google form as a bookmark. Use that google form whenever you have an expense, and set the "Out" tab to automatically pull data from the form answer database using sumifs formulas (if date from google form = date in "out," if category in google form = category in "out," then sum) formulas. +For what I've read, in the US you got a "cashaback" thing with credit cards, meaning that if you stay current with your payments (or, for what I've understood, just pay in the moment by having money in your account), you get a small % back of the price, also good credit score, which I don't really think has a equivalent in the EU. The bad part is spending more than you can and getting some high-as-fuck interest rates on what you paid for. + +On the other hand, I've read that "cashback" is really limited in the EU (if not forbidden), and it seems... there's nothing more for a credit card in the EU. + +So, my question: Am I missing something here? Why would I want to use a credit card if I'm not planning on getting a debt for "small stuff" or just can afford to pay everything at the moment? +Hello, + +I live in Portugal, and I would like to invest 150€ monthly in sp&500 but dont know which funds are safe to do it, since they are copies of that index. + +I appreciate your info and advices +Hi! I am currently doing my university dissertation on the different behaviours of investors and I would really appreciate it if anyone would participate in a survey I've created. It takes about 3 minutes and is 22 questions. Any investors are welcome to respond, be that retail or institutional. All info is completely confidential. Message me if you have any questions or email me at the address I have listed at the beginning of the survey. Thank you in advance for any responses! + +[https://s.surveyplanet.com/9guz11oi](https://s.surveyplanet.com/9guz11oi) +OK so here's my situation. My wife and I bought a new construction home in August 2020. We split the mortgage payment and I payed the rest of the utilities. Cool. Well, my wife passed unexpectantly this past May. We both had life insurance policies, but not enough to pay off the house or anything like that. I did manage to pay off all of my credit cards and my vehicle, with about 50K left in the bank. + +The mortgage payment is about 2/3 of my take home pay. After utilities I'm left with about $500 every month. I have been given the opportunity to begin night shift at my job, which would increase my take home pay about $500 a month. + +I really love my house, my neighborhood and my neighbors. My cul de sac is pretty tight. Would it be in my best interest to sell out and find a better situation, or live on a tighter budget and stick it out? + +Mortgage is $2038. The balance of the loan is $305,000. IR is 4.375%. I make about $60,000 a year as a state government employee. + +Edited. Numbers added. +Thought I'd share my story here, since a lot of the first gen immigration stories I've seen in the sub were about people who immigrated with their parents as kids/teens, and my path was a bit different. + +I lived in a third world country in south america. Classic middle class upbringing, didn't face any financial issues, but country is unsafe, getting robbed at gunpoint is a real possibility, city infrastructure falling apart, corrupt governments, etc. + +I'm splitting this in topics so you can skip to the end if you don't care about the background details = ) + +**Bachelors in home country:** + +I would have loved to do my bachelors abroad, specially in the US, but it wasn't possible. + +In my country, public universities are very competitive to get in, because they have no tuition, while the private ones do. I wouldn't call it "free" because the amount of taxes we pay in my country, for pretty much nothing in return, zero tuition in college is about the only thing we ever get back. Universities have way less resources in my country, but the schooling itself is good. I did well in the entrance exam, got into one of the top schools in latam and studied electrical engineering, which meant no school debt, which was fortunate. + +**Experiences abroad** + +During my studies, I spent a year studying abroad in Europe on a scholarship, which gave me a taste of what living in a 1st word country was like. + +I also did a work-abroad program, working in the US for about 3 months during our school break. I got paid minimum wage, which was 7.25/hr at the time, working an unskilled job that was customer facing. I lived with roommates and kept expenses low, but what I could afford on that minimum wage in the US was so much more than what many skilled jobs would afford in my country. It was a very comfortable life for me in comparison, even though my american coworkers often complained about the pay. This helps put into perspective that it really depends on what a person's baseline is for comfort. + +Both of those experiences abroad were also very competitive in school, and took a lot of preparing and keeping good grades to achieve. + +**First job in home country** + +I graduated 5 years later (engineering takes 5 yrs there) in a recession, where junior engineer jobs were impossible to find, while our alumni from only a couple years prior had much better luck in finding a first job and getting offers from their internships. + +New-grad 'accelerated career' programs had become popular, were paying above market rate (which was crap at this point due to the economy), and were very hard to get in. It took preparing and going through long interview processes with many, until I finally got one. Mine had over 10,000 applicants for under 20 job openings. I hoped to join an American company because everyone I had ever met who immigrated to the US in the last few years, had done so by being transferred by their company. + +So I joined this US company, stayed for almost 4 years, got promoted twice, and realized that getting transferred was never going to happen, despite the fact that I kept being told it could be a possibility. The last person to get transferred in that company had done so the year before I joined... and they apparently got very restrictive with it afterwards due to US visas getting harder to obtain (is what I heard, but who knows). + +This made me feel very unlucky tbh, like if I had just joined a couple years earlier I could have had a chance. + +**Masters in home country** + +Anyways, I became interested in Machine Learning and started doing a masters of science in the same university, part time, while working my full time job. This had no tuition cost, as I was doing research work, and I would've been eligible for a stipend for this work without the full time job. This was kind of a bummer, but my job salary was much higher and wasn't worth giving up for the stipend. + +This masters took about 3 years. My schedule was insane. I was saving money aggressively, so I lived in a tiny studio reasonably close to school (cheap rent, mostly college students) and didn't have a car. + +Nearly all my former classmates and all my coworkers had cars at this point, because public transportation sucks in my country. I took a bus from home to work and walked (over 30min each way) from home to school. + +Because my classes (and later on, research meetings), were mostly at night, this often meant my class ended at 11pm, and I still had to walk home, eat dinner, then be up at around 6am the next day to be able to catch the bus and get to work by 8am. All my actual research work had to be done in the evenings (the nights I didn't have classes) and weekends, as well as any homework or studying for the exams. + +This schedule was brutal but it allowed me to save a lot of money. I did make a few spending compromises: I nearly always bought premade food for dinner, usually from the grocery store. In my country, the extra cost between raw food and ready to eat is not as large as in the US, but either way, I did not have the energy to cook for myself with this schedule. + +I had a budget for 'fun money' so I could still do some things I wanted, but I was very aggressive in saving. + +**Career change to ML:** + +When my masters was almost finished, I started applying for ML jobs. They are (or were, at the time) extremely rare in my country. + +I realized I had to widen my search, and applied for a job in a bigger city, with much higher cost of living. I got the job and moved there, trading my decent studio for a super crappy suite in a shared building. Despite the housing downgrade, I was actually paying more in rent than before. + +The transportation situation got much worse as well without a car, I had to take a bus and then the subway, then walk in a sketchy part of town to get to the office. + +This was an European company with a US presence, but it was clear that getting transferred was very unlikely as well. But the salary was much higher, and getting the work experience in ML was also worth it. + +**Studying in the US:** + +At this point I decided to move to the US for a masters. I considered multiple options (fully funded Phd would take 5+yrs of living with a low wage; another research masters, perhaps partially funded) and settled on applying for 1-yr professional masters. These programs cost more in tuition, but after doing some math, I realized the extra living costs of staying in school longer, plus the opportunity cost of being away from the industry would offset that in my case. + +I checked what my savings would let me afford, when converted to USD, and realized this would wipe out most of my savings, but I could swing it for programs with reasonable tuition (some were almost 6 figures, I didn't bother applying to those). + +I applied to a few, and got a partial merit scholarship in one of my preferred locations. The scholarship was conditional on keeping a high GPA. + +So at this point, I mapped my worst and best case scenarios. Worst case scenario would be I can't keep my GPA high enough and lose the scholarship and end up having to pay full price on the tuition, then don't land a job in the US and have to move back to my country. I noted in this scenario, most of my savings would have been wiped and I would be back where I started but with nearly 0 NW, and a US diploma (which would not make my salary any higher in my home country since I already had a local masters). Btw, flunking the program was not a worst case scenario I considered as I had always been a good student and had faith in my ability to complete it without any issues. + +The best case scenario would be I keep the scholarship, pay reduced tuition, land a high paying job in a HCOL city and save most of my income, and "pay off" myself for all the tuition+living costs of the masters in about 1.5 years on my projections, then stay for another 1.5 years (maximum duration of a student visa post graduation is 3 years for STEM majors). It would still be unknown how long I would be able to remain in the US afterwards, as that depends on a bunch of visa variables that wouldn't depend just on me, such as getting selected in the H-1B work visa lottery). But at this point, the extra 1.5yrs of savings in dollars would make the whole thing a clear financial win, when compared to wages in my country. + +When I put in my notice at my job, they offered me a raise and a promotion, and it was hard to turn it down, but I knew it had to be done, so I left. + +During my masters, I lived in a make-shift "room" in a living room, so I saved a lot of rent, at the cost of my sanity, because my roommates really didn't make it easy. + +Someone cooking in the middle of the night (literally, like 2am) with the lights on (and kitchen/living room were combined..) was at least a weekly occurrence, dirty dishes in the sink all the time, having multiple visitors in the super tiny 2-bedroom frequently, sometimes sleeping in the kitchen (seriously, wtf). Anyways, I can't say I regret it because I truly saved a lot of money, but there were many times I felt "I'm too old for this s\*\*\*\*". + +I did one internship during the program, at one of my favorite startups, which was a great experience, and allowed me to have a little bit of income, plus they had free lunch and dinner, so the days I were there were the days I ate best during that year. I quickly learned that eating take out everyday was not going to fly in this city like it did in my home country, because prices were insane. So I learned to cook cheap stuff with quick recipes, lots of quick baked potatoes in the toaster oven and rice in the rice cooker, fried eggs, and a fair share of ramen in the nights prior to exams, etc. + +**Full time job in the US:** + +I applied to over a hundred job postings, and I as admittedly very picky at first, which some of my professors disagreed with. I wanted to give myself a couple months + +where I only tried for jobs I truly wanted, and gave myself a deadline, where I would start applying to "anything within reason" if I didn't get it by then. + +I couldn't take too long to get a job, otherwise I would not be eligible for a visa extension. The jobs I wanted were very technical, and usually required things like leetcoding and solving ML things live on a whiteboard or over the phone, so I practiced for those quite a bit. I felt I should have practiced even more, but after all those years of full time job + masters, plus the 1yr intensive program in a new country, I was getting very tired at this point, and was mindful not to burn myself out. + +After too many applications with no responses, I landed 3 offers. One of them was a big N company, which was precisely what I wanted, so that's the one I took. At this point some friends and I started going to movies / restaurants / short weekend trips more frequently. Those expenses went up but not by too much. I also stopped eating ramen and frozen food so frequently, and started buying better, but still cheap stuff. + +I finally moved out to my own tiny studio in an old building in a cheap part of town early this year, and despite the rent hike, I don't regret it at all, and is the best "splurge" I could make. I spent over a decade living like a broke college student, and I feel like I can finally get some of the things I want now. Such as I had wanted a 4k TV since forever, and I finally bought one this year (still wanted for it to go on sale, and got one for 500, so nothing nuts) + +**Now:** + +I've been with my company for about a year now, and I got promoted last month. So things are good. I reached my goal of saving up the same amount I spent during my masters in less than a year, in part due to the signing bonus, which I did not account for, and my initial salary was also higher than what I had projected. So I'm actually doing a bit better than my "best case scenario" I mapped out before coming to the US. These last few years have not been easy for immigrants, and I don't want to get political, just saying the uncertainty and stress surrounding added visa restrictions have been significant, so I am very grateful that things have worked out for me so far. + +So yeah, this has been my path so far. I was very fortunate in many aspects (growing up middle class, no family/health issues, no disabilities), but also, compared to others, there were times when I felt others had it so much easier (being born in a 1st world country; getting a visa through family; immigrating years ago when the process was easier; having a rich uncle who sends you to undergrad abroad; getting employed/transferred because you know people in high places; graduating when engineer jobs were peaking, etc). + +I figured all I could do was work with the situation I was in, there's always someone who has it better or worse, and through hard work, I took a few leaps of faith, and it all ended up working out. I know many people in similar jobs to mine were able to reach this same milestone in their early 20s, but also many aren't even nearly there yet despite years of 6 figure salaries, due to higher spending. so it's all relative. + +To me FI is much more of a goal then RE, because I like my field of work, but I want RE to be a possibility, because I may feel differently in 10 or 20 years. + +I have met many people who had a similar immigration path to mine (although from latam to the US is relatively rare, most I've met are through family immigration), but got the feeling it wasn't very common in this sub, so wanted to share. And if anyone is a fellow immigrant, I hope you found this encouraging. +Calculations from his GME posts using [https://docyx.github.io/reddit-award-calculator/](https://docyx.github.io/reddit-award-calculator/): 1,247.12+1,667.24+2,430.30+2,924.70+4,202.76+2,565.00+1,392.30+432.47+799.56+218.43+98.15+376.86+26.93+35.97+37.95+26.26+18.21+33.64+8.04+11.60+6.53+11.46+1.02+3.84+2.55+3.87+3.49+11.48+10.35+72.60+3.78+15.41+1.57+0.53+0.90+3.08+0.60+0.30+0.68+1.38+1.44+1.43+0.60+60.69+2.33+0.92+0.92+1.52+3.11 + += + +$18,781.87 in Reddit Awards + +A true autist. What a legend. + +&#x200B; + +inb4 uNrEaLiZeD lOsSeS +THE SILENCE IS DEAFENING AND ITS DRIVING THEM NUTS . THEY CANT BELIEVE THE SILENCE AND THEY HAVE NEVER COME UP AGAINST TRADERS LIKE GME HOLDERS . PRICE UP - WE BUY . DOWN - WE BUY . SIDEWAYS WE BUY . ITS THE GREED OF THE 1% THAT HAS CAUSED THIS AND FOR THAT I APPLAUD THEM . HEDGESRFUKKED +I’ve read tons of posts on Reddit about NFTs and their prospective uses that sparked a lot of discussion. People are recognizing that NFTs are much more than apes, punks, and rocks. NFTs are being embraced by a growing number of brands and businesses, who are realizing their full potential. + +As I got to know more about NFT ticketing, I came to realize that NFTs make a lot of sense as an NFT ticket since they aim to solve inefficiencies faced by traditional ticketing systems. + +Many projects are aiming to start NFT Ticketing initiatives, and they are all at different stages of development. One of the most popular in the NFT ticketing world is the [GetProtocol](https://www.get-protocol.io/), a blockchain-based engine for issuance of fully digital proofs of a rights to enter events. GET is the utility token that serves as a fuel for smart tickets issued by the GET Protocol.Currently the protocol is used by two ticketing companies: GUTS Tickets (stadium shows to large-scale dance events) and Itix (theater-focused). And since I've always been a fan of music when it comes to NFT Ticketing Marketplace for Music I’d say [Centaurify](http://www.centaurify.com/?r=1) appears to be the clear frontrunner so far. It is built on the Ethereum, Solana, Polkadot, and Cardano networks, and it can be used to mint and distribute thousands of NFTs at a low cost. Artists also have complete control over how tickets are used and resold. In addition, they provide a link between NFT merchandise and NFT ticketing. They also just started staking the CENT token and the next two years could be really huge for them. + +NFTs have proven to be successful across a number of industries. From gaming to high-end luxury fashion, NFT use cases have demonstrated the importance of creating lasting connections between a company or a brand and its users/customers. NFTs could also be a way for the different industries to boost revenues that have been lost since the start of the COVID-19 pandemic. +Someone asked in the daily thread yesterday how exclusively putting money into RothIRAs, Roth401ks and using the Megabackdoor Roth could cause issues with the Roth conversion ladder. + +I believe that in short it could cause you to run out of basis (contributions + conversions) in your Roth before age 59.5. This would result in you then having to pay an early withdrawal penalty AND Ordinary income tax when you withdraw the earnings from your Roth accounts. + +In other words, you would have to pay ordinary income taxes (+10%) on the growth of funds that you already paid ordinary income tax on, instead of benefitting from LTCG rates. + +Here is an illustrative example. + +&#x200B; + +Consider two people who start roth conversion ladder at 35 to retire at 40. They are able to take withdrawals up to the amount of basis at which point they will owe an early withdrawal penalty if they take out earnings on conversions. + +To start: + +A has $1M in tIRA (zero basis) + +B has $0.8M in Roth ($200k basis) + 200k in tIRA. + +&#x200B; + +They both convert $40k per year from tITA to Roth. + +&#x200B; + +After 5 years, they are ready to start withdrawing $40k per year. + +A now has $200k (plus earnings) in RothIRA with 200k basis, and 800k (plus earnings) in tIRA. A can continue the roth conversion ladder, adding 40k to the basis each year, and then withdraw 40k from the roth without early withdrawal penalty. + +B now has $1M in Roth with $400k in basis, and nothing in tIRA. B can withdraw 40k from Roth per year without early withdrawal penalty (or taxes). B can only make the 40k/yr withdrawal for 10 years before the basis is used up. Then B has to start withdrawing the earnings in the Roth, which will face an early withdrawal penalty in addition to income taxes. + +&#x200B; + +In other words, if you run out of basis for withdrawals from your Roth IRA before age 59.5, you not only face a 10% penalty. But have to pay ordinary income taxes on the earnings on money that was already taxed (so you do not benefit from LTCG rates. + +(Yes, B will probably get enough tIRA growth to fund a sixth conversion in year 6, but let's roll with the simplified assumptions/math above) +All of us want mainstream use in the future. For this reason, we need to LISTEN to those who aren’t on board yet, because to achieve mainstream use we are going to need to convert people who aren’t on board yet. + +They have LEGITIMATE concerns, but they are far too often ridiculed, called dinosaurs, etc. + +Because let’s be honest, crypto in it’s current state will never mainstream use, and it’s IMPORTANT to address why. + +The average person would never want to touch an asset where a 20%+ dip is a very real possibility. The price is going to have to become more predictable before your average mom and pop want to buy. + +Many people, especially younger people are RIGHTFULLY concerned about the massive energy used crypto. Harvard business review estimates Bitcoin alone uses .55% of all the world’s energy use, and more than countries like Sweden. Many people are rightfully concerned about the climate, and as long as the energy input required is so high, it will scare off investors. + +I think the last reason many steer clear of crypto are the current headlines that lead to misconceptions. The most that people not in crypto have heard in the last few months are shiba inu and the bored ape nfts. It is our job to educate people that these memes are not our mission nor the things that guide our investments. + +Edit: Forgot to mention gas fees and tether but I’m sure you all get the picture. + +TL;DR there are legitimate and valid reasons why people would not want to invest in crypto. It is our job to listen, educate, and make changes to make crypto better +So this has been hanging over my head for some time. Autumn last year I was feeling pretty low. I realised that all my friends had been buying houses, starting families etc, whilst I was financing a lifestyle I didn't have through credit (tale as old as time right?). + +I was looking for a way to manage my money, ended up finding Dave Ramsey on youtube. I didn't go in for the evangelical stuff, but his tactics on money-handling were like a lightbulb shop all lighting up at once. + +I had £3150 all tied up on one card, which probably doesn't seem so bad, but to me it was a massive black cloud raining on me. My dad had schooled me in which credit cards to get (0% Purchases/Balance Transfers, then get rid of it for a new one when the offer runs out), but I still managed to rack that money up through silly purchases. + +I finally decided to start going ham on my debt. Nailing £300 a month. When I had a big bill (Car service, car insurance mostly), i'd pay the minimum, pay the bill in cash, then get back on it. Seeing big chunks of the debt going down was super motivating, and I had a little celebration every time I squished another £1000. + +Today, I paid the final £340 off the card, and can happily say I have no credit card debt to pay. I've got a little under £2k left to pay back on my car (My dad bought out his fleet car, low mileage astra and sold it to me), which will be done this time next year. I've asked him to take more per month to pay it off sooner, but he wants me to get an emergency fund together instead, which I think is the smarter option overall. + +I'd like thank this subreddit for keeping me motivated. I've read so many similar stories to mine, and it's really helped keep me focused on clearing it down so I can start making tracks to financial security! You guys are the best! + +Ps. I've just squirrelled away the first £100 into my savings, can't wait to watch it grow! + +EDIT: Horrible reddit cliche, but thank you for the gold whoever that was, you've popped my gilded cherry! +I am using Python and Django, which has a built in Sqlite. + +I was thinking of creating a cell in the database with the time-series data in JSON format for each stock. But then I thought if I should add a new database column for every new date. + +How do you guys store the data? What is considered "best practice" in the DB world for this type of data? +I'm 23 and moving from a 60k job to 100k with potential to move to 120k after one year. I try to live frugally and save everything I can. + +After this change, my girlfriend is pressuring me to spend more on myself, vacations, better housing, dining out ect. I'm worried about lifestyle creep as I see this as a real opportunity to invest early and set myself up for success. + +What's a realistic savings goal that I can say 'at the end of the year, I need to put at least X away'? On top of that, I'm wondering if buying a home/ paying off her student loans/ investing makes the most sense. I just don't want to screw up this opportunity. + +EDIT- I should have clarified I would only pay off my girlfriends student loans if we got married and that became my debt as well +As you may have noticed there have been a odd amount of posts that seemingly get a crap ton of votes and awards for no reason..... + +If you were on the sub back in July-August these posts are very reminiscent of a certain user who used to do P&Ds on micro craps. + +I’m not sure if it’s the same user but seems like a group is using our subreddit for gain. A lot of these accounts are a a couple weeks old and have low karma. + +If you actually of on the profile of some of these accounts you’ll see they have really low karma and we’re recently created. + +I’ve noticed the mods seem to be flairing these posts with a long “buyer beware” flair. But I think we should just remove the post as a whole especially when it’s a obvious pump attempt. + +Anyways just be careful if you see a suspicious post with exaggerated comments and awards. And be sure to report or call them out we gotta run these idiots out of town like we did with the other user who shall not be named! +It's an odd situation - my new job is full time, 37.5hrs per week, working solely for one company, and yet I'm classed as self-employed. Obviously this means I won't have employer contributions to pension, NI etc., so I need to sort it all out, as well as my own tax payments. + +The job pays £25k per year, and I can't afford to hire an accountant to help with any of this stuff, so if anyone has any resources I'd be really really grateful. +Was told by some people to make this it's own topic so here we go I expanded a bit. Not financial advice, just speculation of how I look at things at the moment. If I misremembered or got some technical detail wrong let me know. + +[Original Comment Here](https://www.reddit.com/r/Superstonk/comments/wdmswh/seems_entirely_possible_that_the_dtcc_has_gone/iijhc43/?context=3) + + + + +My theory based on how much fuckery Wall Street will do is those shares were internalized by the DTCC to cover their own personal losses and by that I mean high ranking people at the DTCC who have ties to certain brokers like Apex and the "regulator " FINRA who also is involved with the routing of certain trades. As for a source of the trades being routed through FINRA there was a post about it months back of someone going through the trade data and saw the code matched up with them but forgot to save it. If anybody knows what post that was it would be appreciated. + +Seriously we need to look at their leadership ties and see what changes have occurred that we might have missed to narrow this fuckery down more. https://www.dtcc.com/about + +A DM I received by /u/Daddy_Silverback that adds to my theory + +"not enough karma to comment in ss but I saw your theory about leadership at dtcc. IMO this is 1000% what is happening as a last resort to buy more time and Michael Bodson (CEO of DTCC/NSCC/FICC) is being used to sweep it under the rug. He announced a few months ago that he was stepping down/retiring. If you look at the DTCC website, that hasn't happened yet. It makes it clear that he is staying to temporarily oversee the transition period for his replacement (I forget his name, it is listed as CEO-elect on the website). IMO they knew they were fucked with the dividend so the c-suite leadership team (which if you read the DTCC rulebook, they call the shots in emergency situations including impending default) decided to 'accidentally' process it as a split and not dividend. Then when people realize they fucked up it gets pinned on michael bodson but by that point he will have retired and finished the transition. I'm very curious to see when he steps down fully and whether that will happen in the next few weeks (or even if we will know). takes off tinfoil lmao" + +"Also i think David Inggs (literally still works at citadel while working at DTC) was going to step down around the same time. that man is incredibly sus and also still shows up on their leadership team page." + +Looked into the new President elect of the DTCC Frank La Salla and found this short three question interview. + +Info on when he is taking over + +"Frank La Salla will assume the position of President and Chief Executive Officer (CEO) of DTCC effective August 12" + +https://www.dtcc.com/dtcc-connection/articles/2022/april/25/meet-our-new-ceo-three-questions-with-frank-la-salla + +German bank connection + +"Prior to joining BNY Mellon, La Salla was CEO of BHF Securities Corporation, the U.S. broker-dealer subsidiary of Germany’s BHF Bank AG" + +My interpretation of the answers he gave for each question + + +"**What excites you most about being named President & CEO of DTCC?** + +DTCC is one of the most critical organizations in financial services because of the role it plays in safeguarding the global markets and promoting financial stability. I’m most excited for the opportunity to partner with an outstanding group of colleagues and clients to develop and advance new ideas and innovative solutions that strengthen the industry and bring greater efficiency, transparency, and resilience to the marketplace.” + +Translation + +We are too big to fail. We are all in an absolutely shit situation due to our own greed and the PR nightmare that we had to deal with in late January of 2021 will be nothing compared to what will follow. We will have to collude even harder to change public sentiment about what we do by giving them the illusion that things will change but will ensure backdoor channels in our systems to keep business as usual. + + +"**What message would you like to send to DTCC clients and stakeholders?** + +I’m committed to building upon DTCC’s strong reputation for advancing key industry issues and initiatives and partnering with our clients and stakeholders to address the complex challenges they face. As someone who has relied upon DTCC as a strategic partner for many years, I will bring a unique perspective to these matters and will work with industry stakeholders to further enhance the collaborative relationships we have and seek to identify and unlock opportunities to deliver greater value for your respective organizations and the industry overall.” + +Translation + +We will use our political influences and what remains of our reputation to lobby for initiatives that gives us little to no accountability for this financial disaster that has created systemic risk for all parties involved. I relied upon the DTCC to hide crimes in the past and from my experiences will add new twists to these crimes to ensure our continued survival. We will be working with those entities who are currently stuck holding this bag of dog shit by finding ways to get this off our books. So that not only will these other crime syndicates survive but all of Wall Street can continue it’s game by maximizing our returns just like we did with all those credit default swaps and those shitty MBS’s we pushed on unsuspecting buyers to save ourselves in 2008. + + + + +"**Can you explain how your background prepared you for the role of CEO?** + +I’ve focused a large part of my career in finance on securities servicing, and in virtually every role I’ve held, DTCC has acted as a strategic partner to support the success of my business. At the same time, I bring a global perspective and unique set of experiences to the organization, including a client view, which will help us grow our role as a trusted partner and advisor. My background will enable me to further strengthen the firm’s efforts to identify industry needs and work collaboratively with our stakeholders to solve these challenges while continuing to drive innovation.” + + Translation + +I spent a lot of my time at my job not buying the underlying assets and writing as many IOU’s as possible while eating the small fines for FTD’s as necessary and the DTCC was there to ensure our racket remained successful. I've done this on a global scale which is exactly what we need since this is not contained solely in the US. I can take advantage of people’s trust in my experience to have them hold the bag while the US markets are kept exploitable by us and those indebted to us through the accumulation of dirt we have on them. Blockchain may make it difficult to exploit/hide crime but like what the definition of a recession is all we have to do is change what words mean to keep the public from prying in too deeply into what we do. + +I think what GameStop did was the boxing equivalent of a strong jab. They wanted to test how the DTCC would react and the DTCC “shelled up” meaning it closed it’s guard by holding on to the issued shares by their transfer agent computer share for this own. Now that GameStop knows how the DTCC reacts it can use that and other accumulated data to deliver a more effective strike. I think the idea of a crypto dividend that has been mentioned numerous time is what opens their guard. The finisher is what I await to see and if the GMERICA spinoff company is that finisher this will be the knockout of the century. + +TL:DR Buy Hold and DRS helps people have a seat for the greatest David vs Goliath match we have ever seen. + +[Original Comment Here](https://www.reddit.com/r/Superstonk/comments/wdmswh/seems_entirely_possible_that_the_dtcc_has_gone/iijhc43/?context=3) + +**Edit** + +Spelling +Hi everyone! Googled around and could not seem to figure this out, so hoping someone here can guide me in the right direction! I'm in US on L1 visa, living in NYC and working in New Jersey. I will be working from home all of 2021 so I decided to end my lease in NYC and spend 2021 exploring different states and living in airbnb's. I don't plan to come back to NYC either - if there's ever a need to physically return to the office, I will be in New Jersey. Otherwise, I'll be living in different states for the foreseeable future. How does this impact taxes? Can I get out of paying NYC tax during 2021? How do I declare tax residence elsewhere if I don't have one place I currently expect to return to? Is there any way to declare reside in a less expensive tax state? I'm sure the right decision is to go to the tax lawyer, but I'm curious to hear what you guys think and any tips that you have. + +edit: thank you all for the valuable feedback - it was always my plan to consult with the tax and immigration lawyers, but all the info you provided gives me an understand of what I'm walking into. Next person googling for this question will have this great thread to refer to :) +One of the oft repeated mantras on /r/investing is to never time the market and that the way to wealth is to DCA into bear markets. I have seen quite a few posts around here that are asking about alternative investment plans. Some are sensible, some .. not so much.I wanted to see if people practice what they preach, so are you still dollar cost averaging into this bear market?  + +[https://forms.gle/J1fJRruJWnYc8jgB9](https://forms.gle/J1fJRruJWnYc8jgB9) + +You can view responses from other people after answering. +Hi all -- I'm looking for some objective advice here, and I can't think of a better group to collectively ask. + +I've been active in this community for about a year now, and have decided that the FatFIRE path makes the most sense for my lifestyle and life goals. + +I'm at an inflection point in my career, and in keeping with the pursuit of FatFIRE as the ultimate goal, I'm hoping some of you may be able to offer advice and guidance - perhaps you've had a similar decisions in the past and have critical insights. + +29 years old. Currently work in a highly niche area of commercial management consulting. I make $170/yr, +bonus (\~10k). HH income is \~$270k. I max my 401k, save well, have 0 debt except car lease ($350), have $75k in my 401k plus 25k emergency fund. My FF goal is (at least $5m.) I will also likely inherit \~$800k in the coming months. + +Two close colleagues are co-founding a firm in the space doing slightly different work, and want me to join as the first hire. I'd be leading the first engagement while they build more business, and would lead this business unit as we scale. Our total rev per persons would likely be \~$380k/person to start. We haven't talked about salary, but I'm really at a loss as to what to ask for. I want to continue my path to FF - I'm not going to compromise that. Additionally, I would like to negotiate an incentive comp plan, and/or some sort of ownership slice of this BU. Want to be clear that this is NOT a tech startup, and the revenue and profit grow with each person we add. This is direct client support. + +Does anyone have experience negotiating this type of package? Off the top of my head, I was thinking about $225k base, 25% stake in the first engagement, and 30% profit sharing on all future "hunted and killed" new work. Am I off on this? Too much or lowballing myself? + +I believe that would keep me on the path to FF and I could reasonably hit my numbers. At the same time, this feels inherently risky. Thanks all. + +EDIT: Thanks for the advice so far. It sounds like asking for equity is nearly universally agreed on. BUT, what I'm really interested in is what folks think of the base comp and %s that I'm thinking about. Many thank for reading. +>"The markets are overvalued and we are due for a correction." + +*Based on what?* + +This claim is ***constantly*** espoused on this forum; the only supporting evidence being that the markets are at an all time high, or that we haven't had a crash in [Current_Year-2007] years. + +If securities are always overvalued in a bull market and "on discount" after a crash, *when are they ever reasonably priced?* + +For a subreddit that prides itself on not timing the market, people sure seem to have an instinct for the "inevitable impending correction". What am I missing? +https://finance.yahoo.com/news/amazon-prime-oneday-shipping-is-money-wellspent-analysts-111713723.html + +Amazon Prime’s move from two-day to one-day shipping this year is a prudent one, even if it comes at a significant cost for the Seattle tech giant, say analysts. +Posting this here anonymously as I'm too nervous to tell anyone in the real world! + +Started tracking 4 years ago circa 45k and 2 years prior to that circa 0. Biggest benefit was saving hard, put that into a deposit for a house in the north, refurbed and sold it, did it again making circa 45k in the process then put mostly into cash before making about 16k in Crypto and 6k in stocks and shares. Also lost probably 11k over the past few years trying to actively trade, that has to be my worst decision. Decided it's not for me. + +About 35k currently in Crypto so trying to figure out whether to keep rebalance that. 60k sitting in cash ready to buy a house next year. + +Salary = circa 50k (Marketing) +Companies like Intel, AMD, and Nvidia have all dropped quite a bit since the start of the year, and it's unlikely that they will see any rise anytime soon. I know that we are in a recession and that we still have a chip shortage, but it seems like most of these companies have a solid roadmap on how to navigate these next few years. Tech is constantly evolving, and I'm excited for the results of some of the projects these companies are working on behind the scenes. Also, I'm aware that the stock price of these companies can drop even further but I will just buy the dip. + +Just wanted to see if anyone here thinks now is not the time to invest in this industry, or is avoiding it altogether. +Sorry if using the wrong flair. Just wanted to come to a place for maybe some comfort or guidance. Not sure if anyone else has had this happen. I financed a car a few years ago and have Gone back and forth with being late on my payments. Well, I woke up this morning for work and found that my car had been repossessed. Knowing I was about 3 months behind on payments(including this month) I waited until the bank was open and discussed everything. I owe just over $2K along with the $75 they charge a day to store my car. And they’ll only store it for 5 days until it gets sent to an auction. They still can’t sell it for 21 days but now I have no transport to work. I live nowhere near any bus stops(basically out in the country) I don’t even get paid until next Friday. I don’t even know how to cope with this. I have no friends or family that would be able to take me to work either. I feel just awful and a failure. + +EDIT: just wanted to edit to say thank you all so much for the kind words and advice. I am working to sell some things I don’t need, electronics and such. And hopefully can get my car back soon. I am still reading everyone’s comments so don’t refrain, but it’s hard for me to be able to reply with everything going on. Thanks so much to everyone in this sub! +Hi guys, I shared this sheet a few times on here so wanted to help out again if anyone is interested. I made it a Google Sheets for easy access: + +Here's the link: + +https://drive.google.com/file/d/1K3rKOXwdgX1yaz0xPH9k2S4OzEKljZZo/view?usp=sharing + +To copy to your own drive go to File > Make a Copy... Then it's all yours to use. + +Notes on how to use the Sheet: + +Each Row denotes a day, to keep track daily. I find it best to do that. I keep my receipts and/or check my bank account, and at the end of the day I quickly add up the total for each category and put it in the correct cell (I also write a comment for each cell so I can remember what it was that I did with that money. ex: if I go out to lunch and dinner I add both totals in the Dinning cell for that day (=5.54+25) and then in the comment I write: Breakfast at Barney's LTD., Lunch at Slater's). I added more categories this year for more detailed tracking. Some are obvious but some others are more customized for me (such as Transit and Travel since I am a digital nomad so Travel is between-countries transport (flight/trains), and Transit is local transport (uber, trams, etc.). you may change these columns to fit your needs as you wish. + +Columns O and P are the monthly Totals for each category. Halves breaks the month into 2 from the 1st to the 15, and from the 15th to the end of the month). + +The Initial row in column V to AA are there to put the amount of money in your Checking and Savings accounts and amount invested (Excluding gains) that you have the morning of the 1st (take into account the money that has not cleared due to the holiday). + +Column T is for the description of where the money comes. So if it comes from your employer you can Put Job1, if its from Taxes, you label it Taxes and So on. Column U is the amount. After you add the amount you need to also add what account it went to, so if you get Job1 pay, put the total in column T, say $2000, and then on column U put the same amount, or if you get Interest1 from Savings1 then put that in column T and then on column V. + +Then on Column V and W, you can add anything that you pass from your checking account to your savings accounts (I have two, one emergency and one long term). So if your paycheck was $2,000 and are saving $500 of those, you put the $2,000 in Column T and U, and then the $500 in column V or W. + +Y9 through AC20 gives you a few current and estimates totals. Y13 holds a marker for the amount you have available in your Checking account. Y14 and Y15 have your Savings individually, and Y16 have them totaled. Y17 has your total liquid assets, Checking plus Savings that you currently have available after all expenses. + +MTH/YR EST (beginning in Z12) has your estimated Monthly expenses considering your YEARLY average daily spend (this will become more accurate as the days go by). + +EST MTH SPEND S16 (beginning in AB12) has your estimated Monthly expenses considering you CURRENT MONTH average daily spend (this will become more accurate as the days go by). (Thanks to u/benishiryo + for this nice formula) + +The boxes labeled Net Gain in column Y Show the relationship between the amount you spent that month with the amount you made that month. If it’s a negative number, you spent more than you made. + +Row 369 gives you your up-to-date year totals in each category for the expenses. For the Income section it gives you your Total amount in Bank (Checking and Savings), total income for the year, and Checking, Savings, and Investment amounts individually. + +the Monthly Payments section starting at B372, simple adds the defined amounts that need to be paid each month, settings a basic expenses monthly total. (this helps me see how much I spend over the basic things I need to pay for). + +In the Income Section starting in S372 you can change the formulas in S373 through O378 to include your source’s names. This goes with what you put in Column S and it keeps track for you of the income per source (they are case sensitive). + +The section starting at B382 is the totals from column O neatly organized to see the month expense totals, average, minimums and maximums for each category. You can make some neat charts from this. + +Let me know if you have any questions and I'll try to explain what the sheet does. + +I hope this sheet helps you reach FI faster. Enjoy, and happy saving! + I am considering FIRE'ing from my current career to focus on getting into real estate. While I am technically FI, I do not have a desire to scrap it all and travel the world or focus solely on hobbies etc. (although this sounds heavenly) + +Mainly, I'm tired of working for someone else in a stressful environment and would like to focus my energy and money on something tangible, like real estate, and do it on my own time. A bit about me: + +* 30 male +* Married, no kids (will have 2 max in next 5 years) +* \~$6MM NW: + * $5M portfolio + * $250k cash + * $250k house + * $500k other + * 5% ownership in tech startup doing $3MM annual recurring revenue (excluding this from NW as startups are startups and could still fail) +* MCOL (US South East) +* Tech industry +* Business side (non-dev) +* I have invested in one lease-up medical office building deal in the past with success, flipped a house with no success (never again), and working on buying a 20 unit multi-family property in the next 6 months with a real estate partner. + + +My end goal is to continue generating income outside of the passive income from my portfolio, but to do it on my own time. So, as the title states, I'm wondering how long/how much money it took for those who were FI and quit their corporate job to pursue real estate to generate similar annual incomes to their previous career. +You asked for the Rainbow Dicks back - we listened. +You wanted FSComeau back - we delivered. + +And now to celebrate /r/wallstreetbets hitting a milestone, we will host a celebrity event with FSComeau as long as this shit hits 10k upvotes. We are sorting out the details, but this shit will be the greatest thing to ever happen to WSB. An appearance by The Reverend Dr. Martin Shkreli may also be in the works. The guys from Tasty Trade are in talks with us as well. + +Better than WSJ. + +Bigger than Fortune. + +Cooler than /u/worldchaos, Oil Dick Gabe, or anybody that thinks chart analysis is like pong. + +FS wanted me to pass along these words to help inspire you: + +The forgotten men and women of our sub will be forgotten no longer. Everyone is listening to you now. WSB will start winning again, winning like never before. We will follow two simple rules: Buy high and sell low. We do not seek to impose our way of life on anyone, but rather to let our faggotry shine as an example for everyone to follow. + +Your voice, your hopes, and your dreams will define our WSB destiny. And your yolos and goodness and gay love will forever guide us along the way. +Together, We will make WSB strong again. +We will make WSB wealthy again. +We will make WSB proud again. + +And yes, together, we will make WSB great again. Thank you. God bless you. And God bless WSB. + +Let's make this shit great again and celebrate being the top trading site on the whole fucking internet! God I'm jacked to the tits! +So, this week, we saw the start of the total collapse of the modern financial system and the end of the Bretton Woods era of international monetary policy. + +Bold claim, yeah baby? You're probably thinking this has to do with the war in Ukraine or something, right? Well, it does a little bit, but mostly it has to do with what happened with RSX and LME this week, and a little bit with what happened with Rivian. + +**TLDR: Wall Street, China, and Russia are all broke and shit is going to get real over the next few months. Or, to put it another way, some dude named Noah moved next door and started building a boat in his backyard, and you're just beginning to feel some raindrops.** + +Let's start with the biggest shitshow out there, the London Metals Exchange, or LME. A fair number of people are comparing what happened with LME and Nickel to what happened when Apex Clearing turned off the buy button for the meme stocks back in January of 2021. And yes, I meant Apex Clearinghouse, not Robinhood you twits, Apex made RH do it, and a dozen other brokers as well. Vlad was just a fall guy, and not the cool kind that was on TV back in the '80s. + +What the LME did can be split into two parts: + +1) they had a massive short squeeze that was fucking up prices, amplified by uncertainty from the war in Ukraine, so they completely halted trading. This is entirely normal. It's happened dozens of times in the 144 years they've been open. Complete trading halts occur in all exchanges whenever shit starts getting fucked up. For example, US markets were shut down for a week after 9/11. + +2) they fucking canceled 12 hours worth of completed trades. This is the part that should get your knickers in a twist if you were actually wearing any. + +Now, I know a lot of you are sitting there feeling smart thinking "I know why they did it! They're criminals and stealing!" Well, you're right, but that's NOT why they canceled 12 hours of completed trades, just like Apex didn't turn off the meme buy button because they woke up and decided they really needed to use their broker apps to get their fuck on with retail in a big 'ol gang bang. + +No, they did this for one reason and one reason only: survival. They were dead. LME let the Nickel market get so fucked up that they not only had to stop transactions, or unwind a couple at the end, they had to unwind 12 fucking hours worth of trading. I mean, these people are so goddamned incompetent that they didn't even realize they'd been shot in the head, skinned, and turned into a fucking rug for two whole shifts at Wendy's! + +Understand, they just set 144 years of skimming trades on fire. It's not little guys buying FDs on the LME, it's big boys and industrial giants. They all have lawyers and elected officials on retainer, and all of those clients are as done and gone as your made up Canadian girlfriend from grade school. + +I can't decide if the best part of all this is the cover story they put out, or how many dumbfucks didn't take three seconds to realize its bullshit. The idea that Xiang Guangda just said "I don't want to pay the margin call" and then the LME was like, "ok, well, I guess that sucks to be us, guess we'll just pour all this gasoline on ourselves and play with matches" is so laughable I just got a hernia from ROFLing so hard. Look, because I know you 'tards are all stuck on the shortbus trying to figure out what I'm talking about, I'll just drive ya'll on over to the explanation: + +Tsingshan (the company Xiang owns that has the short position) isn't some kind of nickel producer like the papers are saying. They make steel. They're the second largest (largest by revenue) steel making company in China. You know what that steel is used for? Construction. Know who hasn't had enough money to make a bond payment in over six months now? Every goddamned construction company and developer in China. What, you think they're paying their fucking materials bills? + +Here's a quote from the South China Morning Post attributed to Xiang: + + *“Foreigners have some activities going on \[against Tsingshan’s position,\] we are actively coordinating \[to tackle the problem\],” China Business News cited Xiang as saying in a report late on Tuesday. “We have received a lot of phone calls today – related government departments and leaders are very supportive to us. Tsingshan’s position, operation and management has no problems.”* + +Again, because I know you can't read, here's a translation of that quote into a picture. + +[I specifically said there are no problems, so it's all okay!](https://preview.redd.it/e4shtzkzqwm81.jpg?width=1366&format=pjpg&auto=webp&s=19e41c0ca232b1309c0abd65f624d5e4f849183c) + +Now, why is it such a huge problem that Xiang has no money? Well, if he can't make the margin call, the short position, much like a politician or anyone who's daddy donated a library to get them into Harvard, fails upwards. First it goes up to Xiang's bank, which is also fucking broke. Then it moves onto the LME itself, which again, doesn't have the fucking money. So what does the LME do? Same thing the mobsters in Goodfellas did when the restaurant was too broke to steal from anymore, they set everything on fire. The reason the LME hasn't opened back up yet is because the short position is still there, and nobody who's responsible for that position has the money to cover it. + +Now, you might think, if you were smart instead of so dumb you went to Bangkok to get a TIE Fighter, why does this Xiang guy have such a large naked short position he can't cover? The answer is simplicity itself - he's broke, so he naked shorted his own shit to get paid, then got fucked when it went sideways. I mean, people here on WSB like to call themselves reckless degenerates, but lemme give you a full "trust me bro" on this one, ya'll ain't got shit on the stupid rich fucks that run the world. + +That's part one. What about part 2, RSX? Well, as many people who lost money Friday can attest, some serious, serious fucking of Put options occurred. Van Eck started to liquidate the RSX fund, but they didn't *say* they were liquidating it, so options couldn't settle as cash value. But they ALSO halted trading of the ETF, so options couldn't be traded either. And as a final piece of fuck you brokers weren't letting people borrow shares to even fucking exercise the put option themselves. Wild yeah? (someone else wrote a very good DD on this exact thing this morning, I highly recommend you go read it - no link because automod hates me every time I put a link in my posts) + +This is example number two of someone burning down the restaurant because they couldn't steal from it anymore. Whatever MM sold those options didn't have enough to cover them, so this shit with Van Eck not stating the fund was liquidating happened. + +That's strike two for all the market makers and exchanges being fucking broker than you when you've gotta go behind the Taco Bell because Wendy's is too high class for your ass. Let's see if we can a third K to finish them off. + +I give you Rivian, ticker RIVN, a truly shitty EV manufacturer, that like most of them can't actually make cars. These guys are such a clown show that they tried to raise the prices on the pre-orders from the people who waited years to get one. So they had earnings on 3/10, and it was just about as big of a disaster as you'd expect. Then, after hours, they dropped $6 bucks on nearly a million in volume. Everyone who bought puts printed, right? Nope. The next day in pre-market, on less than a third of that volume, the price magically shot back up $5.5 bucks, completely wiping out everyone's puts. By EOD the price had only dropped a total of $3 bucks from Thursday's close, and wouldn't you know it, the price of an ATM put option bought EOD on 3/10 was more than $3. I'd recommend taking a look at the volume numbers and corresponding price movement of RIVN throughout the day on 3/11 and drawing your own conclusions. + +This is like the, what, hundredth and a half time we've seen this exact thing play out now? It's not an accident. More money is traded every day in the market on options than stocks themselves. When the PFOF brokers that retail uses publicly refer to the MMs as "our clients", you know the fix is in. What makes the RIVN bit so interesting is a) how obvious it is, and b) that they're doing this while under DOJ investigation for this exact fucking thing. That tells me two things, 1) they don't think they'll actually be prosecuted - which, fair, they've got a whole lot of history on their side for this one, and 2) they don't have a choice 'cause they're running out of money. + +And why, you may ask are they out of money? Well, it's a mix of things. 1) all the attention from Reddit and the media and law enforcement has clients pulling money from Hedge Funds, leading to sell offs, which when you're leveraged at 137x, leads to a rapid collapse in your buying power. 2) Russian assets aren't just in freefall anymore, they've hit the ground and started drilling for oil. 3) remember where I was talking about China earlier? Yeah, their shit is worth even less than the Russian stuff, but thanks to Xi's brilliant leadership plan, people haven't realized that yet. Below, I have obtained exclusive photo evidence from some of my old SF buddies of Xi and his top councilor enacting their plan to save China's economy. + +&#x200B; + +[If we can't see the lines go down, then are they really dropping?](https://preview.redd.it/r254e9n2rzm81.jpg?width=444&format=pjpg&auto=webp&s=e27e89a6f0629808f8be2f7557a8aa35d6dbcf8a) + +As always, the official info coming out of China is a mix of fantasy, lies, and flat out ignorance, spiced up by a heaping helping of corrupt incompetence. Because Xi is a tinpot wannabe dictator with delusions of Imperial grandeur, he wanted to make sure that while he was hosting the Olympics everything went off without a hitch, so he told all the companies and rich people in China to make like autists and buy the fucking dip in the equities and bond markets. + +Because all those folks didn't want to get executed by anti-aircraft guns while their families went to the organ donor farms, they did. Which in this case, means throwing good money after very very very bad money. It's honestly difficult to describe just how badly China has sabotaged itself. I'm sure you all know by now about the ghost cities made up of structurally unsound buildings with no interiors, and in some cases no exterior walls. But, do you also know about all the railways to nowhere that aren't being serviced or maintained? Do you also know how many MORE shitty tofu-dreg buildings have been paid for by citizens' life savings that aren't yet built? Spoiler, it's a lot. + +Meanwhile, the property market in China is in free fall. Here's a chart of official chinese statistics on the price of housing. + +&#x200B; + +[Taken directly from the National Bureau of Statistics of China](https://preview.redd.it/dskl8tmog0n81.png?width=730&format=png&auto=webp&s=98f46d6498440cde7e703d5b55041ec38c6db306) + +Now, these prices all reflect worthless tofu-dreg empty apartments that exist only to sell to the next sucker/investor. Notice that trend line? Anyone know what happens when that price increase gets closer to zero? As our friend Lelu from the 5th Element would say "bada bing boom!". For another reference, look at the Dutch tulip market after it popped. Remember, these are the official Chinese govt numbers. I'm guessing the actual numbers have gone negative already. + +Western banks, particularly up in Canada, are extremely exposed to the bonds these empty shell apartments are backing. Western banks, again particularly up in Canada, are also heavily exposed to the commercial and residential real estate markets. Both of which are in massive fucking bubbles funded in large part by money from Wall Street, Russia, and China. Guess which of those are now broke (hint: it's all three of them). CMBS notes started going bad this month - there's a reason all the politicians all of a sudden decided we needed to be back in the office, and the mortgage missed payment rate is skyrocketing faster than the price of oil. I have not yet been able to figure out if the spike in missed mortgage payments is banks/wall street failing to pay on all the properties they've accumulated, if it's all the missing repossessions from the pandemic finally showing up, or if it's a leading indicator of a new crisis. + +I don't know how much longer the powers-that-be can keep these balls in the air, but it's not much longer. Assuming Russia follows their playbook from the disaster they had in Grozny in '94/'95, we're about to see the major cities in Ukraine get leveled by heavy artillery and rocket attacks. Which means you can pretty much kiss the Ukrainian wheat harvest goodbye, because all the infrastructure needed to support it will be rubble, along with the roads and bridges you'd need to get it out of the country. Couple that with what looks to be bad wheat harvests in the US and China barring some big weather pattern shifts, and we're going to see some massive price spikes in the price of bread and other food this summer. Expensive food = political instability and riots. + +The US will see a fresh round of "race riots" sparked by random online videos that are really about inflation and economic inequality, but the media and politicians will go full hog on the race angle, and people will buy it - if you need proof the general population is that gullible, look at how many think the Ukraine war is responsible for inflation and gas prices. South Africa and Turkey, plus an unkown number of Middle Eastern countries will see Syrian civil war/Arab Spring type uprisings - remember, the Tunisian revolt started as a protest about the price of bread. + +Finally, since this is already way, way, way too long for any of you to actually read through, much less comprehend, I'll cut the part about Bretton Woods and the dollar as the international currency super short - there used to be one global financial system that was set up after WWII in a conference at Bretton Woods, hence the name. By kicking Russia out of it, we forced the creation of a competing global economic system. Which will likely be headed by China. That pretty much guarantees another world war down the road, but hopefully not for a decade or two if we're really lucky. + +Because I know my people, here are some tickers to throw money at if you want, I have extremely tiny positions (like one share in a couple of these) in all of them: long WEAT, SOYB, CORN, USO, YANG, short TUR, short EZA, short SPY/QQQ/DOW, long GME. Oh, and I also just bought a Lincoln, because in addition to chips, the automakers are about to be short on metals too, and somehow a car counts as a fucking growth investment these days. + +If I had the money to do so, I'd also buy farmland with wind turbines and/or solar on it. Real assets are about to be king, especially food and energy, which are the definition of real assets with inelastic demand. + +I'll be honest, the vast majority of my portfolio - over 90%, is in direct registered shares of GME, with a couple shares of AMC because fuck 'em, that's why. I think at least a couple of brokers are going to detonate like we're seeing with the LME and fuckery like what happened with RSX will become more regular. Whenever I have a big gain, I pull most of it out and buy more memes and then DRS them. + +That IS financial advice by the way, but you probably shouldn't follow it. +Throwaway account. + +I recently sold my company, and will have $3.6M in cash after taxes that I’ll be looking to invest. + +I’m 34, single, and I currently have no investments, as up until now I��ve poured everything back into my business. So I’m starting an investment portfolio from scratch with a large pile of cash. + +I also still have a side business that brings in around $10k - $15k profit per month passively, which will more or less cover my living expenses outside of occasional larger purchases. So I’m not in a rush to invest the funds to cover my expenses, and want to make sure I do so cautiously. + +I’m familiar with the Boglehead philosophy of a balanced portfolio of low-cost index funds, but my main question is about timing. + +Conventional wisdom is “don’t try to time the market.” That said, most people are investing their salaries consistently over a longer period of time, which balances things out during market drawdowns. When entering the market with a large sum of money at once, the difference between doing it after vs before a downturn could be the difference between 2x’ing your wealth, or seeing 5-10 years of net zero returns (like if you had invested a large lump sum at the market peak in 2000 or 2008). + +Since it seems like there’s a strong chance we’re overdue for a market pullback, and this is a big chunk of money on the line, I’m feeling apprehensive. I’d feel stupid if I dumped it all into the markets only to see a 30% downturn in the next year. I could dollar cost average in to reduce the odds and impact of this happening, but I’m not sure over how long a timeline I should do so. + +So what would you do in my position — invest the whole sum into the markets immediately? Start dollar cost averaging in over a longer time period? Invest a decent portion of the wealth elsewhere, and have it waiting on the sidelines to deploy if/when we see a bear market? + +If dollar cost averaging, over what time period — 6 months, 12 months, 2 years...? + +Thanks! +Hey everyone, I'm technically a noob here, but I've followed ethereum closely over the past year and as a developer, I'm interested in what is being done with the tech. Really interested. I want so badly for this to take hold but I have this nagging voice in the back of my head telling me that we are way too early for this stuff. I suspect I know why. + + +I spend a lot of time with tech consumers, and I think my brain is stuck on how ethereum is supposed to pull in the average user, like ever. I would go so far as to say that the ethereum ecosystem is quite off putting to the non tech or tech-interested person. Now as a developer my experience with ethereum is great. I haven't had any problems thus far. But that's not who I am addressing. + + +My background is ui/ux and every time I write a small app for my company/clients I am consistently baffled out how they don't understand my oh so obvious design choices. Why the fuck are you clicking there?!? You weren't supposed to click there! And as usual shit hits the fan. Every time. I'm no genius designer but I'm certainly not a sloppy one, and I've worked extremely hard for that. But nonetheless, it's mind blowing how far a user will go to make you rethink your entire profession. + + +So with that said, I have one piece of advice for all of you dapp developers. And if you know one, please pass this along: Dapp ux's need to be a hell of a lot more obvious if this movement is going to take hold. Don't focus on making it gorgeous so that a 24 year old hipster thinks it's hot shit, focus on making it so usable that your grandma can use it while she's watching jeopardy. Think about every action that a user has to take from the moment they click the link to the site, not a single piece of knowledge on the part of the user should be assumed. I realize that most dapps are perfectly usable for all of us, but they most certainly wouldn't be for many of my clients. Btw, the dapps I've played with are beautiful. That's not the point I'm making here. And I'm sure many of those dapp developers are a hell of a lot more talented than me. + + +We must remember that we are not competing with bitcoin, we are competing with facebook, google, amazon, twitter, and every other major tech company that depends on the internet; not directly, of course, but their standards of UX inform nearly every consumer (and hopefully future ethereum user) on the planet. These companies spend massive amounts of money on usability and they have conditioned consumers to expect utter perfection. Anybody can create a pretty design with a fancy framework like react. But please developers, I beg of you, focus on usability foremost, then throw a nice UI on it. + + +I'm posting this in ethtraders because I think you guys are cool, and because I want to reach out to the people who are heavily invested in ethereum's success. This usability issue is critical to the success of the project. + + +p.s. I'll be helping the community out in full force when I my current project finishes up. I have a few ideas for how to jump into the dapp ecosystem and can't wait to get started. I am not by any means talking down to developers. Just offering some helpful advice based on my experience in the marketplace. +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. 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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). Last ban length: 1,048,576 days + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/2sQBNuM). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +https://www.thetimes.co.uk/article/stamp-duty-holiday-to-help-rebuild-economy-2t0rhgphg + +Rishi Sunak has drawn up proposals to exempt most homebuyers from paying any stamp duty under plans to kick-start Britain’s economic recovery. + +The chancellor will reveal plans this week to lift the threshold at which people start paying stamp duty from £125,000 to as much as £500,000. + +The increase in the threshold, which is expected to be implemented in the autumn budget, is a temporary measure intended to stimulate the housing market. Mr Sunak will announce the plans on Wednesday as part of several measures to support the economy, including a temporary VAT cut for pubs, restaurants and cafés to help to protect 2.4 million jobs in the hospitality sector. + +He will also reveal plans to give companies £1,000 for each apprentice they take on and a multibillion-pound “green jobs” package as part of an attempt to avoid mass unemployment. A further £100 million will be invested in traineeships for young people to help them find work. Last night the government announced a £1.87 billion package of loans and grants for the arts sector to save theatres, museums, galleries and music venues from closure. + +Mr Sunak is increasingly concerned that young people will bear the brunt of the economic fallout from coronavirus and has said that he regards it as a matter of “social justice”. +I'm sure we all saw the headline from The Street using phrases like "Most Profitable" and "Biggest Earner" regarding the securities lending markets. It's not that they said anything *outright wrong* in that article, but it painted a picture of wealth and "shiny happy people" that didn't sit right with me. + +So I wrote an article that covers the same data from a different perspective. I'll paste it here for those who don't want to leave Reddit. Link at the bottom. + +--- + +# GameStop Stock (GME): Short Sellers' Most Expensive Stock In Q3 + +* GameStop Stock continues to be a thorn in the side of institutional investors that hold a short position on $GME. +* Borrow fees remain elevated, indicating a great deal of short institutional interest in a stock that remains popular among retail investors. +* With more investors directly registering their shares with GameStop’s transfer agent, lower liquidity in the securities lending market could contribute to short sellers’ woes. + +## Why Care About Securities Lending? + +Securities lending begins with an institution needing stocks or bonds that they don’t own and won’t (or can’t) purchase them. They need these securities for myriad reasons: + +* Market Makers sell stocks they don’t own as part of their daily business. Sometimes honest participants need to borrow from the securities lending market to cover these obligations (the rest fail to deliver and laugh all the way to the bank). +* Short selling is only possible because institutions can borrow securities to sell short. +* Often, borrowers are large banks that turn around and lend the borrowed securities to smaller institutions—like a securities-centipede daisy chaining its way through the entire market. + +The supposed beneficiaries of securities lending include pension plans, insurance companies, mutual funds, and other large asset owners (pdf). These institutions loan their considerable holdings for fees that allow them to scrape a few pennies of revenue toward their bottom line. + +In short, we’ve built our fragile markets in such a way that they would fall apart without securities lending. + +## New Data Shows Borrowing Is Booming + +Equilend (a firm that would not otherwise exist in a world without securities lending) recently published the tenth issue of The Purple from their Data & Analytics arm, DataLend. It’s a quarterly review of the global securities lending space, offering fascinating insights on recent securities lending trends. + +They reveal that securities lending markets grew by 12% in Q3 2022 versus Q3 2021, sending year-to-date revenue soaring to $7.45 billion. More than 35% of those revenues were generated in Q3 alone, coming in at $2.63 billion. + +That’s a lot of Schmeckles coming out of borrowers’ pockets. + +It should come as a surprise to absolutely no one that the overall market has turned bearish. Institutions have repositioned themselves short, leading to an increase in borrowing revenue (or expense, depending on which side you’re looking at), with average fees exploding by 37%. + +However, specific securities and sectors stand out far and above their peers. Lending revenue in the Consumer Discretionary sector ballooned by 80%, led by none other than GameStop. + +## GameStop Is The Most Expensive To Borrow As A Whole + +At a whopping $102 million, Q3 fees paid by GameStop share borrowers were more significant than any other security in the world, with over 46% more costs than the second stock on the list (Beyond Meat at $70 million). + +To be clear, $102 million is not the total value of GameStop shares lent; it’s the amount of money ripped from the hands of short sellers, market makers, and other borrowers in the form of lending fees. The value of shares lent is much higher. + +I’m not a fan of the term meme-stock, as it derides the efforts of real people working at actual companies, but as a loose comparison, you can see that sticky-floor shares came in fifth, costing borrowers about a third as much as $GME. + +## DRS May Be Drying Up Liquidity + +One of the fascinating aspects of the GameStop saga is the DRS movement. Retail investors register their shares in their names with GameStop’s transfer agent, Computershare, rather than leaving them in brokerage accounts where they could be subject to securities lending. + +With utilization remaining pegged at 100% week after week, it’s no wonder that GameStop’s borrow fees remain elevated. + +The number of shares available to loan dwindles closer to zero every day, with a constant stream of retail investors posting screenshots of their DRS numbers to the Superstonk subreddit. + +This activity paints a clear picture: the market is cruising towards another showdown between those who like the stock and those who can only profit if GameStop goes out of business—a veritable impossibility for a company with no meaningful debt in the process of a digital turnaround. + +In the meantime, I expect GameStop to remain at the top of the borrow list for the short term as short sellers continue to pray for a black swan event to save their foolish positions. + +For the record, $GME shares were up 10% at noon today, Tuesday, October 25th. I have no idea if that will hold, but I’d hate to be short $GME and staring at that kind of price action. + +https://bullshit.network/finance/news/2022/gamestop-stock-gme-short-sellers-most-expensive-stock-in-q3/ +I am not a lawyer or a financial advisor. Neither this post, nor any of the comments therein, shall be considered legal or financial advice. + +The Gamestop report is in and it's official - the SEC is going to do nothing. You know what's next right? SHF are going to bring the hammer tomorrow morning at the open, and maybe another one later in the day, to break our morale. They figure they can leverage this report, through the mountain of BS from the MSM pukes, into pushing us out once and for all. + +Instead, I'd like to suggest we make this OUR opportunity to break their morale instead. I've been holding back some cash for just this occasion. I don't doubt more than a few others have been too. Let's show those f\*cks what Retail can really do. +https://www.cnbc.com/2019/04/02/bofa-says-it-will-make-5-billion-in-mortgages-to-under-served-people.html + +The five-year program, called Neighborhood Solutions, includes grants for down payments and closing costs and mortgage packages with small down payments. + +"We know many of our clients want the power to own their first home, which can sometimes be challenging," said D. Steve Boland, head of consumer lending. +Just a begginer at investment here looking to learn some wisdom from fellow more experienced investors. + +I've been educating myself specially on the internet and look forward to start reading some books as well. + +It would be interesting to know some personal stories of hardships that I can learn from in advance. + +I've understand that is important to keep being rational and sticking to a plan cause emotional investment often goes wrong. + +Share whatever you want as long it was a mistake and you learned something from it. Any help is much appreciated, thanks! +Looking at [Kodak volume](https://finance.yahoo.com/quote/KODK/history?p=KODK), there was a pretty massive spike the day before the news came out. I'm not an insider, so I was caught completely unaware before it made headlines. To combat this, I wrote a python script (and now adapted it to a website) which scans every ticker on the market, gets their last 6 months of volume history, and alerts you when a stock's volume exceeds 10 standard deviations from the mean within the last 3 days. + +&#x200B; + +[New Website](https://preview.redd.it/emvegt4dite51.png?width=2678&format=png&auto=webp&s=f4b04198de1d1e88078ca49a0dbb1e734e0aab84) + +Here is my [source code](https://github.com/SamPom100/UnusualVolumeDetector) + +Website URL is: [https://unusualvolume.info/](https://unusualvolume.info/) +Just got back from our first post-retirement vacation (a 14-day Caribbean cruise and 5-day family visit beforehand). + +I had some concerns about whether I would enjoy vacation post-retirement as much as I did pre-retirement. As in, what exactly am I vacationing from? + +Turns out, those concerns where unfounded. Pre-retirement, if I took a 14-day trip, it took me 5 days to unwind, then I'd spend the last 5 days dreading the trip ending and going back to work. Then there was the inevitable checking of work email the entire time. + +None of that this time.. complete relaxation the entire time. No phone, no internet, no email, just completely unplugged for the first time in years and loved every second of it. +Good Morning Apes! + +So after yesterday's post FED meeting market wide rug pull there were some interesting data points I wanted to point out about our data. + +\**the data is not complete an is missing about 2m million of yesterday's volume* + +[About 43&#37; of our trading was done via dark pools](https://preview.redd.it/8dqvjfg1k8e81.png?width=374&format=png&auto=webp&s=c1c582cb014417ad8bfb15fb41feecd9c9373723) + +[At least 4m shares of yesterdays volume was short volume the highest since Jan. 7th](https://preview.redd.it/pbo8z9x6k8e81.png?width=1224&format=png&auto=webp&s=7b44dc84161c2d43f900be976f3763b6d43d7a8b) + +There is a possibility that some of yesterday's market wide price action was a liquidation. We know that FTDs for this window represent possible futures contract obligations. CME is rather unforgiving in their liquidation of participant holdings, unlike the NSCC. There was some suspicion of margin calls taking place last week with NFLX and with MSFT on the 25th. If some has failed to meet CME obligations they would liquidate their long holding's first before settling short holdings. + +\**This is highly speculative and only being considered given the time frames* + +[DIX pics](https://preview.redd.it/k3as2e01m8e81.png?width=2476&format=png&auto=webp&s=62db35b6ba50e79e3a738eb97f54a9d163557134) + +No data from yelyah2 this morning so far. + +Another thing to note is GME's borrow rate went up again yesterday hitting 1.25% on IBKR. + +I think the rest of this week could be a little spicy since we are testing delta neutral in pre-market already and still have significant numbers of FTDs pouring in. + +**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 + +There would have been more updates if something interesting happened + +https://preview.redd.it/igsy6vimpae81.png?width=745&format=png&auto=webp&s=ad543fc5c1170b81b1ccea036fceb3ca821fd147 + +Edit 4 1:00 + +Covering FTDs in this channel around 95 just flat right now possibly a small move up near EOD + +https://preview.redd.it/wn5ft859s9e81.png?width=1513&format=png&auto=webp&s=9e51ef96b69d833e16fae6944b9e713a3a03b61b + +Edit 3 10:37 + +Just shorting the shit out of us + +https://preview.redd.it/v6lc51ss29e81.png?width=1510&format=png&auto=webp&s=1271a80a7a0fbd3131f358a1baf7565a9ec13aa9 + +Edit 2 10:15 + +This was noticed + +[Yesterday at close](https://preview.redd.it/b86tlcssy8e81.png?width=1392&format=png&auto=webp&s=a701e4cc1c669dfb9fe242a533011ac6e6ebc370) + +[Today](https://preview.redd.it/5q5psi5vy8e81.png?width=735&format=png&auto=webp&s=a3740f676728470748753f0634ddfadae3c77fe1) + +Edit 1 9:56 + +Early pump and back down to fill the pre-market gap, IBKR borrow rate is , if I'm not mistaken the highest it's been since the May-June run. + +https://preview.redd.it/qhf4ngpov8e81.png?width=405&format=png&auto=webp&s=e66212727776be9d36682ae5d3c467caa83a73d3 + +https://preview.redd.it/asire2phv8e81.png?width=1519&format=png&auto=webp&s=6e3ec52c99baf4d4c4b3dc1dc5a3be32ec5be558 + +# Pre-Market Analysis + +Lower volume this morning but that low volume is sustaining a very nice uptrend. Already back above 106 as everything recovers from yesterday's sell-offs . + +Volume: 18.28k + +Max Pain: + +https://preview.redd.it/xwt53qs7n8e81.png?width=2031&format=png&auto=webp&s=53baa733834640e7fd5f9ed2a8e1b42480a4336a + +Shares to Borrow: + +IBKR - 25,000 @ 1.25% (75,000 borrowed) + +Fidelity - 1,496 @ 0.75% + +[GME pre-market on the 5m and continuing uptrend](https://preview.redd.it/43jiy4hsn8e81.png?width=1516&format=png&auto=webp&s=5c9913f5b3c7ca1186868a919bd7968880400882) + +[Technical bounce on the 1d ](https://preview.redd.it/2hwrlhj0o8e81.png?width=1515&format=png&auto=webp&s=315724d64511a66852513c73d5560df0eaf12875) + +TTM Squeeze + +https://preview.redd.it/3c5mmr46o8e81.png?width=2448&format=png&auto=webp&s=e5a3bfd9d0e4f68d399de83d1a16d6e6f735b5d1 + +CV\_VWAP + +[Arbitrage is remaining diverged since yesterday's run up, usually it is resolved in ah and pm](https://preview.redd.it/wft5g12eo8e81.png?width=2450&format=png&auto=webp&s=c9721b11b48bae7938362e5053ace2b75a95e69c) + +MM FTDs due from 2 days today + +&#x200B; + +https://preview.redd.it/jhhiwblyo8e81.png?width=346&format=png&auto=webp&s=a28b71973c3552615a6a07c3b244916648c069dd + +https://preview.redd.it/udi41d10p8e81.png?width=324&format=png&auto=webp&s=ba3f21d29c430bf6c7ab785542994d8bf5ee858a + +ETF FTDs + +https://preview.redd.it/2pym3bv4p8e81.png?width=377&format=png&auto=webp&s=cc2a2dbda3fe87925442cd74b29aac2d53d5f83b + +**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.* +“It is critical for humanity that we expand our civilization to Uranus” + +When I read this in context to everything that has surrounded this saga, I feel like RC is telling us MOASS will save humans and civilization. + +It’s not mystery to anybody who has been on this sun for the past year and a half the amount of crime and fuckery that has been uncovered. It is also clear that the current “1 percent” don’t give a fuck about anything except profits and fucking over the little guy just to be the top. + +It has destroyed the planet, pinned us against each other and if we continue on this path, we probably are all doomed (sorry to sound so bleak, but 90 plus percent of us live on the shit.) + +MOASS will be the greatest transfer of wealth and bring us all into a a new age. + +I like to believe all of us holding will us this money for good and help the planet and civilization heal and grow anew. I think Ryan Cohen believes in us as much as we all believe in him! + +May we all launch to Uranus and expand our civilization!!!! + +🚀🚀🚀🚀🚀🚀🚀 +In the interest of giving back to the sub which has helped me and because of the number of times I see comments from people indicating they don’t know how to do due diligence, I’ve decided to offer one man’s perspective on the subject. + +Disclaimers: I am not your financial advisor and this should not be taken as financial advice. This is simply my process in investigating whether or not I deem a stock worthy of investing in or not. I have not been trading penny stocks very long so I am by no means an expert. Again, this is just one person’s opinion on the topic of how to do due diligence. + +This sub-reddit is great for identifying stocks to add to your watchlist and so that’s how I would use the information found in this sub (at least initially). To help solidify what I’m going to say I’ll use a real example that has popped up recently: $MGXFR - Zinc8 Energy Solutions. + +1. I have a mac which comes with a stocks app so my first step is to plug in the ticker to see its current price point.  + 1. For $MGXFR I see that at 11:20am EST it was trading at .65 + 2. Personally I rarely invest in something over a $1, not saying I don’t ever, but it’s rare so if at this step I discover the current price is above a $1 then I’m very hesitant to invest. (Full disclosure: I don’t always follow this as I got in on $OCGN at sub $3 before the explosion and was very happy with how that turned out, but it’s not my usual pattern) +2. I check out OTCMARKETS.com to see the status of the ticker, how recently news was released and to read the latest fillings.  + 1. For our current example, the status is pink which is good. If there is a skull and crossbones, a yield sign or a stop sign then continue with extreme caution.  + 2. The negatives here are that this has an “unsolicited quotes only” warning, there is no news and the most recent filing is from March of 2020 - this would suggest to me that the company doesn’t have any upcoming catalysts which would shift the price in the near future. This isn’t an immediate deal breaker but now I know this is more of a mid to long term play. +3. Check Stocktwits for the ticker symbol to see how many people are watching and what is the general sentiment around the ticker. + 1. This can be dangerous because if it’s one with a large following then you mostly are entering an echo chamber and not going to get any great analysis. The usefulness of this comes from seeing how many people are watching in order to take a guess at the volatility.  + 2. Most of the sentiment for our example ticker reflects my same thoughts, which is that this is more of a long term play. +4. Check to see if there is a sub-reddit specifically for that ticker. + 1. This again can be dangerous because you may be entering an echo chamber, but you will also typically get a more detailed analysis of what’s going on with the company and this part of the search may lead you to some additional resources. + 2. Searching reddit for this ticker doesn’t bring up many results which means it’s unlikely to be a pump and dump play and again supports my thought that this is a long term hold. + +At this point I would be done and feel confident in my conclusion. Personally I’m not looking for any long term holds right now so I would pass on this one, but if it was interesting to me then my next steps would be: + +1. Check to see if they have a website, see how recently it’s been updated and if there is any news posted on it +2. Check to see if they have a twitter account +3. Do a general google search on the company name and scroll around reading up on them for a while + +Hopefully this helps someone! And if you’ve been doing research and stock investigation for any substantial length of time and see something that you would like to correct please point it out so that we can all get better at this! I’m not an expert by any means and I haven’t been doing this long so I’m totally open to correcting my process now rather than later.  + +Here’s hoping we all do well! +Hello. + +Unfortunately my friends are splitting up after a fairly long time together. Let’s call them M & F, to reflect their gender. + +I’m friends with both but I have known M since childhood and consider him one of my best mates. + +Overview: +M&F own a house together, worth around £160k, based on similar sales in their area. They have around £80k left on the mortgage. + +They are not married and do not have children. + +The split is not friendly and they are not on speaking terms. There is zero chance of reconciliation (confirmed by both parties). + +M has moved out to a friend’s for now, but is still paying his half of the bills. + +F’s parents gifted a large sum (around £20k) as a deposit, but the house is legally 50-50. + +The problem here is that both M&F want to buy the other party out of the house, and neither seem willing to budge. + + +Finances: + +F works and earns around £30k p/a and so would likely be able to take on a mortgage of £135k. I am unsure of any savings F has, but her parents have money and have shown that they are willing to help. + +M is disabled and his income is £20k p/a. He has already inquired and can get a mortgage of £90k. No real savings (less than £2k). + + +Equity: +Given they have around £80k in equity, M&F each have c.£40k as a deposit. + +Options: + +Any party looking to complete a buy-out would need to take on the £80k mortgage and the £40k of equity, so would require a mortgage of £120k. + +Is this correct? + +Option 1 - M buys out F +M would be able to afford a max mortgage of £90k and so cannot afford to buy out F. + + +Option 2 - F buys out M +Ignoring unknown savings, F can afford a max of £135k through a mortgage. F can comfortably afford to buy out M. + + +Option 3 - Sell the house +Sell the house, pay off mortgage, ERC and other fees, and split the remainder. +The house is 3 bedrooms, well maintained, and has a big garden. It should sell easily, especially in this market. + + +The problem: +I have tried to illustrate to M that he cannot afford to buy out F. He is adamant that he can and refuses to consider the option of F buying him out, or them selling the home. + +I recommended he allow F to buy him out, as this would avoid estate agent fees so his cut would be a little larger than if they sold the property. + + +The solution: +Can anybody please provide some insight so that I can help M. I want to help him make the right decision and ideally end this situation ASAP. + + +My knowledge of mortgages is from buying my own home, which I did alone. I am no expert and have not experienced this situation before. + +Thanks. +I match my employer's pention, max a Roth, max a 403b, and carry no debt except my primary residence mortgage (@4.25%). I'm interested in branching out to rental real estate, and would like to purchase a single family home sometime in the next 3 years. + + Please tell me, from your perspective, where should I begin if i want to achieve this goal from this far out ? + + How much should I save up in cash (assume a 130k home in the Midwest, preferably Ohio)? + +What other considerations are there for getting my first rental up and running 3 yrs from now? + +Thanks for all your help and advice . +Like most, I joined this community within the last couple of months and have begun wheeling with varying degrees of success. And have not been beating the market for the ETFs that I have been wheeling because they have performed so well. I understand this bull run the last few months is unheard of and not typical. So here is my question, is wheeling returns better than just buying and holding especially when you factor in capital gains taxes. When I hold longterm I Can take advantage of long term capital gains taxes. So when wheeling I not only need to beat the market but I need to beat it by more than 10% for it to be worth it. Not including the increase in the amount of time spent researching for wheeling. + +My question is has anyone else thought of anything like this? I guess I'm just questioning if it's all worth it for me. I'd love to hear your opinion about this. +Hi gang, + +I would like to seek for your insight to refine my ticker list for wheeling. I want to keep the tickers are around high $50-$60 or below, and my target is based on weekly, + +CLF +X +T +BAC +CLOV +CHPT +SOFI +AAL +AA +FCX +NCLH +F +SKLZ +CCIV +RIOT +MARA +FUBO +DDD +WDC + +I skip WISH cause the premium really minimum in weekly. +If you think there is any good ticker I can add in, please let me know. + +Thank you very much! +Cheers~ +I just logged into Computershare. They have added a 2FA (Two-Factor Authentication) + +This is great!! + +Computershare Adds 2FA - Set up your 2FA today! Protect your Ass(ets) + +&#x200B; + +WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS WORDS + **100x is not just a memecoin 🦧** + +Since the Elon + China FUD started, a lot of the big names in the memecoin space vanished but that was not the case for 100xCoin. The community became stronger than ever, bonding together in the face of the storm and managed to hold the line and now it's showing signs of recovery. + +**Why 100x is different 💸** + +Combining the fun atmosphere of a meme community with the professionalism of a "legit" project created an unstoppable force. A community led by "Ken The Crypto," and with his hardworking army of degens has resulted in one of the most UNIQUE Binance Smart Chain projects. + +100% Safu 💯 We've seen the amount of rugs that happend during the last red week :) I've personally lost a big chunk of money last week. 100xCoin is the ONLY coin that I feel safe throwing my money at. + +Enough with the BS now, let's talk about the potential of this project.💎 + +\- Not braging or anything but this coin has unlimited marketing budget thanks to the marketing wallet + +\- NFT staking + +\- Celebrity endorsement (4 NFL players have been sponsored. 1 MMA fighter will be announced, HUGE boxing matches were sponsored by 100xCoin) + +\- [Gato.io](https://gato.io/) listing and other listings coming soon <<= my last 10 braincells are telling me we are about to witness a huge pump + +\- THE APP (the ultimate weapon) 💲 + +**Its not just another memecoin APP 🚀📱** + +It's an APP that will allow you to buy 100xCoin DIRECTLY from your debit/credit card, so it's basically giving degens easy access to crypto. Bringing new people to BSC was NEVER this easy before! They will skip the PancakeSwap pain and complexity with only 3 clicks (yes, people who are new to crypto will be investing). Not only that, but there will be a platform for "legit" only meme coins. By holding 100xCoin, you will be able to participate in the presale of the “legit” 1% chosen projects. + +We VET projects before joining ⚪️ Before joining the BSC Alliance, an investigation will be done. All this to ensure that you agree to our values - Doxxed/ Transparent/Safe - and are suitable to join + +**📊Heres some stats to get you fired up 🔥** + +May 10 - 38k Holders + +May 11 - 44k Holders + +May 12 - 49k Holders + +May 13 -51k Holders + +May 14 - 53k Holders + +May 24 - 57k Holders + +100x made by degens , for the degens + +**Telegram** \- [https://t.me/joinchat/i9GObX3DmskzNGYx](https://t.me/joinchat/i9GObX3DmskzNGYx) +CBOE filed regulatory complaints against Fidelity--through their clearing agent National Financial Services LLC\*\*--on 7/06/21 and 7/07/21, both docketed under star nos. 20180602423, 20190643121, file no. USRI-8957-01. A synopsis of these actions is referenced on pp. 30-31 of the most recent FINRA report ([Consent Orders](https://files.brokercheck.finra.org/firm/firm_13041.pdf)) and also available on CBOE's site. + +In connection with these proceedings, Fidelity concedes or at least does not dispute that it falsified options positions in its reporting to CBOE on 2,332 instances and, further, that it "deleted options positions as of their expiration dates that underwent exercise or assignment, and therefore failed to report reportable options positions in approximately 94,768 instances." + +I inquired with Fidelity about which tickers were involved in the aforesaid acts or omissions, but they quickly removed my posts, citing safe community guidelines. [Link to Fidelity Post #2](https://www.reddit.com/r/fidelityinvestments/comments/pqx6lr/fidelity_recently_consented_to_having_judgment/?utm_source=share&utm_medium=web2x&context=3); [Link to Fidelity Post #1](https://www.reddit.com/r/fidelityinvestments/comments/pqwibm/fidelity_recently_consented_to_having_judgment/?utm_source=share&utm_medium=web2x&context=3) + +I'm posting this here for general community knowledge, visibility, and discussion, and, of course, for further response in the event anyone knows which tickers were involved. Like all of you, I'm particularly interested in GME. + +\*\* National Financial Services ("NFS") is a single-member LLC owned by Fidelity Global Brokerage Group Inc. *See* FINRA report at p. 3. + +Edit: Clarified relationship between NFS and Fidelity +I made a dumb decision and bought a Honda Accord in 2018 with no money down. I had just landed a new job out of college and made a quick irrational decision. My APR on the vehicle is 5% and I have been paying $640/mo for 3 years and I currently paid the vehicle down to $17K left on the loan. + +Should I pay this for two more years? Or should I sell my vehicle? + +I do not want an old used car because newer cars are just less of a headache. Especially the Honda. I just don’t think $640 a month for 2 years is a smart decision anymore. + +Carvana is willing to give me $20K for my car right now which is 3K more than I owe + + +Thoughts on my best next step? +Unlike many of you, I talk freely about FIRE with my peers because of my age (25M). Most people in their 20s have never heard about FIRE, so I like introducing them to a concept that can change their life. Older people simply write me off as an eccentric millennial, but I still like talking to them about it to see their response. + +Before I would tell people FIRE is about living frugally and having a savings rate over 50%, but that's where I'd lose them. I read somewhere that most people quit when it comes to fractions and percents (in the USA), so maybe that's why. + +I was listening to a podcast on my way home and somewhere in it the guy talks about another guy who decided early on that he would live off every other paycheck. I liked that phrase very much because it's succinct, easy to say, and doesn't mention numbers. I love it and simply wanted to share. +I currently spend circa $140,000 per year. When I eventually retire, I imagine I can spend much less as I will have time to shop for bargains, do a few more things myself etc. But I'm wondering if that will actually be the case, or other expenses will just replace those. I'm very curious about what the rest of you spend. +Every single line of Bitcoin code written by "shadowy super coders", who contribute their precious time and inspired efforts voluntarily without a guaranteed salary, is open for the whole world to access, scrutinize and propose changes to. + +However, whose tax dollars keep paying for champagne tree-hugger Elizabeth Warren's sneaky private jet excursions remains shrouded in mystery. + +[Climate activist Warren hides behind staffer after being caught on camera getting off a private jet](https://i.redd.it/4kisp696gie71.gif) + +Now if we were to pay our taxes in Bitcoin, through a public blockchain, we would be able to tell exactly whose tax money is paying for Warren's climate-destroying charter flights. + +[Corrupt politicians? Bitcoin fixes this.](https://preview.redd.it/tp0rwr4agie71.jpg?width=850&format=pjpg&auto=webp&s=530d6c2016989c5bb0448be2dde65e1ca3ef7486) + +Warren grew up a dyed-in-the-wool Republican. She was registered as a Republican until 1996. Sure, people are allowed to change their minds, even at 50, or perhaps, she recognized that she'd have more political attention and a better political career by preying on populist working-class sensibilities. + +Throughout her political career, Warren has been funded primarily by big tech, owned by billionaires and beneficiaries of the banking system she continually purports to rail against, although curiously, you will find, to little ultimate effect. + +During her 2020 presidential campaign, Warren vowed to shun high-dollar fundraising events after transferring $10 million in high-dollar contributions from her 2018 Senate campaign to fund her presidential campaign. She also reversed her position on rejecting super PAC support after realizing that it was hurting her campaign. + +The Bitcoin code enables humanity to take our economic fate away from the hands of a powerful few and leverage blockchain as an open, trustless, permissionless, decentralized monetary network to democratically create, distribute and exchange value. + +Bitcoin liberates every man from the whims of other men. + +If Warren had a legitimate interest, as she claims, in dismantling a system that consolidates wealth and power in the hands of a few, she'd be all over Bitcoin. + +But it's all pretentious parasitism. A ruthless Janus-faced ruse to raise political support from the majority by feigning concern for their cause, all the while aided and abetted by the powerful few. + +The carefully crafted perception that Warren fights for the common man allows her a position of authority she exploits to keep the common man intellectually and rationally credulous to disinformation, furthering furtively the interests of the beneficiaries of the fiat pyramid scheme. + +[Whose hands do we entrust with the fate of our financial system? \(H\/T Lina Seiche\)](https://preview.redd.it/4d6ieikegie71.jpg?width=2048&format=pjpg&auto=webp&s=7d04e9afa6008034efb5fe5b4e207f7a5e1dc987) + +**Edit:** To address misinformation coming in from accounts that are here to brigade, + +Bitcoin is open-source software collectively hosted by a pure P2P permissionless network. There's no scope for any shadowy elements in Bitcoin. + +The wealth distribution is admittedly far from where I'd personally like it to be. But it's heading in the right direction. The game theory embedded into the protocol ensures that it does over time. + +Most of the large wallets holding greater than 10 basis points of the total supply [here](https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html) are exchange wallets. Decentralized exchanges are still a fair way from being as efficient as centralized exchanges. Hopefully, one day they can be, allowing every user to take ownership of their keys at all times. +Recessions are inevitable but many of us have never really experienced it before. If I have been doing standard value investing in 100 percent large cap stocks in my Roth IRA , what Steps should I take when the market begins to reverse? Is raising cash and putting it in a broad market etf on the way down a good strategy or is there some other experiences you guys can share from the past that in hindsight worked out great or not so great? Thanks! +I've been through many runs and subsequent dips as I've been in crypto since early 2013. My first bit of advice, is don't panic... Ethereum will recover, Bitcoin will recover. My second is, you need to decide if you are going to ride this one out (what I normally do) or sell and buy back in lower. + +Timing the market is a fools errand and you will lose more often than not. If you ride it out, stop looking at the price.... No really, stop. There's no point in looking until after the Bitcoin UASF fiasco, honestly, there's really no point in looking until Metropolis ramps up and Bitcoin finally hard forks to increase on-chain scaling (hopefully without SW). Fundamentals are as strong as ever, unfortunately the truth is that Fundamentals aren't driving the market right now. + +If you do sell now and try to time your buy, remember that the GDAX order book was completely wiped out so the normal TA support levels may not hold. + +See you on the other side. + + +Edit... Disclaimer: I am not a professional, do your own homework and don't take investment advice from randos on the internet. +Hey all! My SO and I just had our first real "cards on the table" talk about our financial future, retirement, savings, budgeting, etc, as we're planning on getting married in the not-too-distant future. + +I scrounged this subreddit for all the right questions and then I put together and printed worksheet for the both of us. I think it helped us stay on track and I'm super happy with how it went! I think it's a pretty good start and might be a good resource for other couples having the conversation. + +Feel free to make a copy and improve some stuff :) + +[https://docs.google.com/document/d/17106o13FmL59X9S8kgTKk9Zy8ZpFylLvcHf0G1m2l9c/edit?usp=sharing](https://docs.google.com/document/d/17106o13FmL59X9S8kgTKk9Zy8ZpFylLvcHf0G1m2l9c/edit?usp=sharing) + + +EDIT: Hot dang, thanks for all the responses and the great feedback! Y'all have added some questions I didn't think of that are super helpful! I'll try and work up a V2 once I have a little time :) +The claims were for 50k in damage each time, I know one of them was caused by a furnace that has been replaced but I'm still investigating the other. Would you run quickly the other way or is it worth negotiating? + +The price is 350k and occupied bringing in $2600 (about $1000 under market). +Was talking to a colleague of mine and he was once fully on board buying up SPAC type stocks but after losing 80% of his investment he is now delusioned and fully admits that they were a scheme to transfer wealth from dumb retail investors to insiders. + +I think he bought CLOV and SOFI. + +Now that investors hate SPACs, I think it's a good time to take a second look at them. + +Are there any SPACs with higher insider ownership of the stock/large insider purchases of the stock, a healthy balance sheet with little debt, that are cash flow positive, with projected growth, and a history of meeting or exceeding guidance? +So the bubble of the late 60s is what made Buffett dissolve his partnership, but what was happening exactly? Is there a good doc on it or maybe an article that someone knows about? + +He has said basically, they were playing a game that he wouldnt win and didn't want to even participate in so he bowed out. +I would like to retire in the next 5 years and plan on having an acct of 2mill. I will be 55 and had the same job for 35yrs so I should be able to avoid the 10% penalty. Anyone here in a similar situation have experience with this? What type of account did you move your 401k to avoid paying taxes on the entire amount? What stocks, DTE, and risks do you take? How has it worked out for you and for how long have you been doing it? Thank you. +I've been trading options since 2019 - so not that long, but also not an absolute beginner anymore. Selling contracts and implementing "theta gang" strategies has been my most winning trade, but it has also become my comfort zone - a crutch. + +I research and back-test other types of strategies such as momentum trades on low float stocks and buying weeklies, but it's just not my style. I really am best at collecting premium and profiting from the theta (time decay). It gets old though. Sometimes I want a piece of the "big" action, like these guys that are buying stocks that spike over 10% pre-market and know exactly when to exit and when to enter. They make tens of thousands of dollars a trade. It's a completely different style than selling contracts at the best price possible, and protecting your credit. + +Theta gang is a much slower style of trading, but it's been my "bread & butter". I've tried other methods however, with less success than theta gang. I know its possible to add another element to my game by continuing to gain experience in my paper money account, backtesting, and eventually trading small. I just don't think it's my way though. To use a basketball analogy, I am one dimensional like Shaq. Dunks and dominating the paint is Shaq's theta gang. It's what he does best, but momentum trades are Shaq at the free throw line. He's lucky to get a few wins there. + +Shaq is still a great player though, but he ain't no Kobe or Jordan. +My younger brother has about $100 a week that he can invest, he’s starting off with $200 right now and every week after this week, he’ll add $100. What do you recommend he invest in since it’s not a decent amount of money going into each company like $1,000+ for example. Should he pick like 5 companies for example and every week put $20 in each one, or should he just pick one by one and put $100 in each? +I need some major help here fellow FIRE's. I just spoke with my mom, and this isn't the first time, it's been ongoing for years: people think I"m cheap. They think I'm cheap especially because I"m living the FIRE mentality. I have a very small house with my wife and we have a newer Subaru and I drive a 5 year old Hyundai Accent. We do go on frequent vacations, but we use frequent flyer miles and credit card points and spend next to nothing on the vacations. However, my mom says my dad, sister, brother-in-law and even some friends think that I'm cheap. How do I stop this perception while still sticking to the FIRE lifestyle? +Hi all. Looking to buy property in a town outside a major US city. The area itself is a bit out of our price range but we are considering buying a house at below-average price and fixing it up as we go along. The house would be livable but around the century mark and would need some updates. + +The area itself is very desirable. The school district one of the top in the state, it is a short commute into the city center via a direct train line and it is a rare suburb that has walkability/nightlife of its own. Given that the houses we are looking at are older, is it worth going this route or should we go for a less desirable area with a newer/updated house? + +We found a very nice single with a yard and a garage that we would like to put an offer in on but it does need some updating. This is hard to find in our price range in this area as it is an older area with mostly row homes. + +We will be first-time home buyers so we're a little hesitant to get in over our heads on this. Any advice or experiences would be appreciated. + +Thanks! + +Edit: I apologize for not being able to respond to many comments- this blew up way more than I was expecting so I can't respond to everyone! Seems like the consensus is to make sure we know what we're getting into with big things like plumbing/electrical/foundation issues but that if it's just cosmetic work to go for it. Thanks everyone! + +Just to answer a few common questions, we are not so much interested in this as a return on investment as we see ourselves staying in this house/area long term. We are more interested in putting some work into it to make it exactly how we like it and be able to be in our preferred area instead of buying a fully renovated house in a worse area. While I wouldn't exactly describe us as "handy" we are definitely willing to learn how to do some work ourselves. The house is not run-down by any means, just outdated but it is an old house so there are bound to be some issues even though it has been maintained fairly well. +I had an Ooma free phone service, but it was about $5.00/mo for taxes. I didn't need the service anymore, so I called to cancel. The next month they charged my credit card and I called and they said they would take care of it. The next month charged my credit card again, so I disputed the charge with my credit card. After I did that Ooma e-mailed me and said there must be a problem with my credit card. I told them I canceled the service and in e-mail I told them to stop charging my credit card. + + +As you guessed it, they charged my credit card again and I disputed the charge and they e-mailed me again asking for the money. I told them that I canceled the service. They gave me the same spew to call them and I told them that I did call them. + + +After a few months, my credit card company just denies the charges and Ooma says they're going to cancel my account. + + +Now Ooma says they're going to take me to collections for non-payment, which is really insane because I called them to cancel (They say they have no record of this) and I have e-mails saying to stop charging my credit card and that I canceled the service, but in the e-mails they say to call (which I did) and then they say they have "no record of me calling". + +So anyway, what do I do here? Seems other people have had this issue too them not canceling their service. +# Ken Griffin - Citadel. What a guy he is. Where are you, Ken? Where the hell is he? He's trying to hide some of his money. + +\- Donald T., January 15th 2020 + +&#x200B; + +# TL;DR + +* Ken Griffin already has hidden his money, we know he has offshore accounts. Why would he be speaking with Donald T. about hiding assets? +* The direct context of the quote is all good news for Citadel's operations in China, so why was Ken absent from the ceremony and why did Donald T. not praise him (but praised everyone else)? +* I spectulate Donald T. was actually talking about Griffin wanting to hide his *trades* +* Circumstantial evidence for this is that 1 day before this quote, sweeping changes to the National Market System finally hit the Federal register. These changes as I have \[somewhat poorly\] analyzed before will make market-making and PFOF a lot less profitable for Citadel (and Virtu and other market makers), and also tidy up some loopholes likely being abused by Citadel. + +&#x200B; + +# Preface + +This DD is about what many apes thought was a throwaway line, and so did I until recently. But I have been thinking about it lately, and the more I investigated the context, the more I came to suspect it was actually a rare, blurry glimpse into the underbelly of interactions between Wall street and US politics. + +I was actually writing another DD before I came to write this, but it started to become too large of a topic, so I thought I better break off this 'sub-investigation' into its own contained unit, as it's neatly separable, and was only ever circumstantial evidence anyway. + +**I have deliberarely kept this post non-political, and expect all comments to be non-political as well. It's a superstonk rule that all posts/comments be non-political** (Rule 5 -Improper Content). Here is a diagram of what we will be covering: + +&#x200B; + +https://preview.redd.it/6wuwyovr9k971.png?width=750&format=png&auto=webp&s=46aed8c3a0f4be3a5a7c1540e794d7196fb68caa + +&#x200B; + +# January 15th 2020 - Signing of Phase One of U.S. - China Trade Deal + +January 15th, a Wednesday marked a historic signing of Phase One of a U.S. - China trade deal. President Donald T. had made U.S. - China relations a central component of his policy as President for years before this, and so this agreement was a culmination of many years of work. Contrary to what was shown in the media, the agreement was not just about manufacturing, agriculture and intellectual property. The trade agreement has a whole chapter devoted to Financial Services - mostly with China agreeing to allow the US access to their markets. Some sources even claimed that financial services was the winner of the entire trade agreement. + +**On Monday the 20th January, only 5 days after this trade agreement was signed - Citadel Securities had agreed to pay a $97 Million Settlement to Chinese financial regulators, bringing a close to 5 years of active investigations and being partially banned from trading in China.** We will return to this event later on in the DD. For now, let's dive into the signing ceremony of the trade agreement. + +[Donald T. spoke for about an hour at the signing.](https://www.c-span.org/video/?468176-1/us-china-trade-deal) The first 27 minutes were overall remarks about the trade situation, and a lot of thanking personal friends and other political allies (I have pulled out relevent people's quotes): + +&#x200B; + +>Donald T.: [Hank Greenberg](https://en.wikipedia.org/wiki/Maurice_R._Greenberg) is here. Hank. If they took care of Hank, they wouldn't have had the problems that they had. Where's Hank? Hank Greenberg. (Applause.) Oh, Hank. If Hank stayed there like he should have, you wouldn't have had the problem that you ended up having with our economy. But it's great to have you, Hank. Thank you very much. + +After this time, Donald T. begins to speak to industry professionals and other government appointees. This carries on for 10 minutes, and plenty of financial industry professionals were greeted by name (the roll-call was in alphabetic order). I have pulled out all the ones I can recognize: + +&#x200B; + +>Donald T.: Ajay Banga, of Mastercard. Thank, Ajay. Fantastic job. + +&#x200B; + +>Donald T.: Brian Duperreault, of AIG. Do you know that company, Hank? AIG. Did you ever hear of AIG, Hank Greenberg? Thank you very much. I appreciate it, Brian. + +This is a joke. :) Hank Greenberg was the head of AIG. + +&#x200B; + +>Mary Erdoes, JPMorgan Chase. They just announced earnings, and they were incredible. Where - where are you? They were very substantial. Will you say, "Thank you, Mr. President" at least? Huh? (Laughter.) I made a lot of bankers look very good. But you're doing a great job. Say hello to Jamie \[Dimon\]. I think we're seeing him tomorrow. + +Then it was Ken's turn: + +&#x200B; + +>**Donald T.: Ken Griffin, Citadel. What a guy he is. Where are you, Ken? Where the hell is he? He's trying to hide some of his money. Look, he doesn't want to stand up. Where the hell is Ken? See, Steve, you'll stand, and he's very quiet about it. He's in here someplace; he just doesn't want to stand.** + +Notice how Donald T. doesn't praise Ken? I'm also not sure who Steve is in this context. + +&#x200B; + +>Donald T.: Al Kelly, Visa. Al Kelly. Al Kelly, thank you. + +&#x200B; + +>Donald T.: Alan MacDonald, Citibank. Citibank. (Applause.) Good. Boy, you brought that back so far. I remember seven, eight years ago. But Citibank is doing fantastically well. + +&#x200B; + +>Donald T.: Raymond McDaniel, Moody's. Good. Are you giving us good ratings, Raymond, please? Okay? We're doing pretty good, right? + +&#x200B; + +>Donald T.: Paul Taylor, of Fitch. That's another good ratings group. Are we doing okay at Fitch? Good. Otherwise, I wouldn't have introduced you, if I thought - (laughter). + +&#x200B; + +>Donald T.: Kevin Warsh. Kevin. Where's Kevin? I don't know, Kevin. I could have used you a little bit here. Why weren't you more forceful when you wanted that job? Why weren't you more forceful, Kevin? You're a forceful person. In fact, I thought you were too forceful, maybe, for the job. And I would have been very happy with you. +> +>But, Kevin, thank you for being here. You understand that very well, right? It bothers me when Germany and other countries are getting paid to borrow money. This is one - I don't know where that all leads, but we have to pay. We're the number one in the world, by far, and we have to pay for our money. Our interest rates are set high by the Fed. Our dollar is very high, and - relatively speaking. But when other countries get - literally, they're under. They have negative rates - meaning, they're under. They get paid. I love this. This concept is incredible. Again, you don't know where the hell it leads. But you borrow money, and when you have to pay it back, they pay you. This is one that I like very much. And I'm going to talk to you about that, Lou Dobbs. +> +>So we're set at two. Tell me, why are we paying and other countries are getting money when they get paid back? I really want to know: Who are the people that buy this stuff? Who puts money into something when they say, "This is a guaranteed loss"? But that's a whole different group of people than I know. + +&#x200B; + +Quite a story there for Kevin Warsh! \[[During and in the aftermath of the 2008 financial crisis, Warsh was a governor of the Federal Reserve System, and acted as the central bank's primary liaison to Wall Street](https://en.wikipedia.org/wiki/Kevin_Warsh)\] + +&#x200B; + +>Donald T.: Glenn Youngkin, of Carlyle. [Carlyle Group](https://en.wikipedia.org/wiki/The_Carlyle_Group). Great group. + +&#x200B; + +Also present at the signing was [Kenneth Bentsen](http://engagechina.com/kenneth-bentsen/) \- the chairman of the [Engage China Coalition](http://engagechina.com/2020/02/engage-china-coalition-regarding-china-phase-one-trade-agreement-and-financial-services/). That's a group of financial industry heavyweights who've been trying for years to pry open the door to the Chinese market. Up until now, they haven't had much luck. Even though China's the world's second-largest economy, Bentsen says U.S. financial firms make only about $2 billion a year there, less than a third what they make in Brazil and about 1.5% of what they make in Europe. + +**The Engage China Coalition:** + +American Bankers Association + +American Council of Life Insurers + +American Property Casualty Insurance Association + +BAFT (Bankers Association for Finance and Trade) + +The Council of Insurance Agents and Brokers + +The Financial Services Forum + +The Futures Industry Association + +Insured Retirement Institute + +Investment Company Institute + +Securities Industry and Financial Markets Association + +&#x200B; + +# The Trade Agreement Itself - Chapter 4 Financial Services + +[Some analysts have said that financial services was the clear winner of the trade agreement](https://www.npr.org/2020/01/16/797098404/u-s-financial-services-industry-emerges-as-%20%20a-winner-of-u-s-china-trade-deal). And I can see why given the changes actually demanded. [Here is the full text](https://ustr.gov/sites/default/files/files/agreements/phase%20one%20%20%20agreement/Economic_And_Trade_Agreement_Between_The_United_States_And_China_Text.pdf) of chapter 4 itself + +&#x200B; + +https://preview.redd.it/pz05dj1u9k971.png?width=715&format=png&auto=webp&s=9965c53828504ffcc532bd7d8800925556a05b4d + +&#x200B; + +https://preview.redd.it/ey9wktwu9k971.png?width=748&format=png&auto=webp&s=64c57ec6b96fe86310386e76b557def488e725d9 + +&#x200B; + +https://preview.redd.it/oefqlxov9k971.png?width=743&format=png&auto=webp&s=e0fdc79710fe2a1acd261678ab0a98d9398690cd + +&#x200B; + +https://preview.redd.it/g35i3rhw9k971.png?width=738&format=png&auto=webp&s=b47c34aaffdd868e500a9c2366eccedd510718a0 + +The agreement itself allows major US expansion into the Chinese markets, and overall - it seems like a clear win for the US. + +&#x200B; + +# Trade Agreement Summary + +So looking back at all the finance professionals Donald T. spoke to, did you notice anything strange? Ken was the only finance-related attendee Donald T. didn't praise. In fact it looks like out of everyone spoken about, Ken was the only one not being praised. This is unusual for Donald T., because he usually praises everyone, a lot. Unless he does not like someone. + +So why did Ken Griffin not turn up, when all the other financial industry professionals did? Did he know that Donald T. was going to say something provocative, or was it something else? + +If the Engage China Coalition and other finance folks were so pleased with the trade agreement, how could Ken Griffin be upset about it? This trade agreement is supposed to be good for the US financial industry access to Chinese markets... + +And why did Citadel Securities pay their $97 Million fine only 3 business days later after this trade agreement? They've been locked out of China for almost 5 years - surely they would've done it sooner if they could? Or if the trade agreement was necessary for Citadel to regain access, why didn't Ken turn up to say thanks? + +However before we dig deeper into this trade agreement, Citadel's fine and the Donald T. / Griffin relationship we need to go all the way back to the beginning of this story. + +&#x200B; + +# Citadel Securities in China + +Under previous Chinese laws - foreign companies had to partner with local companies to operate in China. Citadel Securities opened Citadel Shanghai Trading Ltd in 2010, and parterned with Guosen Securities who managed their trading account. + +[In June 2015, the Chinese stock markets were devastated with a large crash](https://en.wikipedia.org/wiki/2015%E2%80%932016_Chinese_stock_market_turbulence), wiping nearly $5 Trillion of value out at the bottom. By July, the Shanghai stock market was down 30%, and more than half of listed companies had filed for trading halts in an attempt to prevent further losses. By August 2015, stock prices had dropped a total of 43 percent. + +Chinese regulators began to crack down on abusive market practices, and Citadel was the first to be caught. Starting at the beginning 2015, Citadel is accused of using deceptive and illegal trading practices in order to manipulate stock prices. Citadel was accused variously of "co-ordinated stock dumping", "selling-off of heavily weighted stocks", automated, algorithm-driven trading, spoofing, and of course - "malicious short-selling". Their account held by Guosen was banned. + +["The regulator alleged that Citadel Securities controlled and used accounts set up by four other firms to trade stocks during the first seven months of 2015 and said such behaviors were suspected of violating account and asset management rules without providing further details."](https://www.wsj.com/articles/after-a-four-year-freeze-citadel-securities-can-trade-again-in-china-11579526314) + +["Chinese regulator, however, didn’t ban the practice \[short selling\] entirely, but after the scrutiny, investors can’t sell and then buy shares back the same day. Instead, they must now wait after completion of a short sale transaction until at least the next day to repurchase."](https://www.financemagnates.com/institutional-forex/regulation/citadel-securities-fined-97m-in-china-for-malicious-short-selling/) + +This restriction (if true, I can't read Chinese) implies that shares were being traded back and forth between the same parties multiple times a day. This is textbook [wash trading](https://www.investopedia.com/terms/w/washtrading.asp), which rose to prominence in 2013 in Western markets. + +["The tiff doesn’t end there for Citadel. George Chen, managing editor of the international edition for the South China Morning Post, tweeted that a government-backed publication called ThePaper.cn was implying that Citadel advisor and former Federal Reserve Chairman Ben Bernanke somehow knew that the high-frequency trading firm was shorting the market."](https://www.nexchangenow.com/news/11995/in-hunt-for-short-sellers-china-suspends-citadel-unit-from-trading-and-hints-advisor-bernanke-may-know-about-shorts/) + +Goldman Sachs was also caught in this crackdown, and they were also banned from trading. Local Chinese firms were also caught as well, but generally emerged largely with miniscule fines and slaps on the wrist. + +April 24th, 2019 it was announced Goldman Sachs had been cleared by the China Securities Regulatory Commission \[CSRC\], with a fine of $22.93 Million. In late 2019 the CSRC began to reconcile with Citadel, and only on January 20th 2020 (after the signing of the Trade agreement) - was it announced Citadel had settled for $97 Million. According to a somewhat opaque statement released by the CSRC on January 20, the settlement for Citadel Securities was “based on differing circumstances, such as the amount of money made through the suspected illegal acts,” + +In summary for this section, Citadel was caught in China performing many of their tricks, and based on the timing - it seems likely they were unbanned only with US government intervention in late 2019 / early 2020, around the time of the U.S. - China Trade Agreement Phase One. So if Citadel was unbanned from their planned expansion in China, why did Ken snub Donald T., and why did Donald T. not praise Ken? It's time to take a look at the Ken Griffin & Donald T. relationship. + +&#x200B; + +# Ken Griffin & Donald T.'s Relationship + +It's difficult to find much on their relationship, and I've pieced together what I can from a few events. + +Ken Griffin donated $1.55M in 2012 to Romney's campaign. (link redacted due to automod keyword ban) + +[In 2016 - he donated $2.6M to Rubio, rather than Donald T.](https://www.rollingstone.com/politics/politics-news/meet-the-gop-mega-donors-of-the-2016-election-223992/) + +Griffin did give $100,000 to Donald T.'s 2017 inauguration though - a relatively low amount. (link redacted due to automod keyword ban) + +[Ken Griffin was hosted at a private donor's dinner later (probably in 2017) by Pence](https://thehill.com/homenews/administration/341196-pence-holding-private-donor-dinners-at-vice-presidents-residence) + +&#x200B; + +In 2018, Ken Griffin began to speak out against Donald T.'s policies, notably criticizing Donald T.'s criticism of J-Pow & Fed policies , and also criticizing the tariff war escalation with China. + +[In this interview on Delivering Alpha](https://www.youtube.com/watch?v=KIIFm2kmif0), Ken is asked what are his thoughts on the Administration's trade policies with China. Ken pauses briefly, shifts his gaze downwards, and then using a hand gesture, a gulp, begins to try and explain using his nicest words, how Donald T. is doing a great job with the trade war "Donald T. unquestionably has the right mission on trade", but that Ken doesn't really understand how the negotiations are going, and suspects they are very complicated. He makes a comment about how he would never have so many active 'fronts' open, and would close some of them. When asked directly, he refuses to comment on whether he thinks Donald T. is doing a good job. It seems relatively clear to me that he's having difficulty delivering his words with convicition. Then for his final words Ken regains his speaking conviction, and clearly tears down the idea that tariffs are good. + +In 2016, Ken Griffin made a total political donations of only $11.2 Million (to Republican-allied super PACs). In 2018, it was $19.2 Million. + +**In 2020, Ken Griffin donated a whopping $66 Million to Republican-allied super PACs!** [In fact, Ken Griffin came in at number 4 on the individual donors list for the 2020 election cycle.](https://www.opensecrets.org/outsidespending/summ.php?cycle=2020&disp=D&type=V&superonly=N) + +Also in March 2020, Ken Griffin advised President Donald T. on how to open up the economy after Covid, along with other finance professionals (e.g. Steve Cohen). + +In summary for this section, I don't think Donald T. & Griffin saw eye to eye on many issues, or even had a friendly relationship. However it's very clear, especially towards the end of 2020, they had a working relationship, and that Ken Griffin bet very heavily on a 2nd Donald T. term - which we can assume would be greatly beneficial for Citadel. + +I didn't get time to look into Jay Clayton (Donald T.'s SEC chairman appointee), and who Clayton's changes at the SEC benefitted - but suspect this would be a fruitful thing to investigate. + +&#x200B; + +# Bringing It All Together + +So I hope I have covered somewhat the Citadel, China & Donald T. triangle. In the first section, we saw that it was unusual how Donald T. addressed Griffin versus other attendees, and that Griffin had a lot to gain from this trade deal. + +In the second section, we learned about Citadel's ban from trading in China, and how their unbanning seemed to also follow the trade deal - even more reason for Griffin to be pleased, and more curious that he didn't appear. + +In the third section, we learned a bit about Ken Griffin's and Donald T.'s relationship, and how even though they were not close friends, they had developed a significant working relationship and Griffin *heavily* bet on Donald T. winning the 2020 election. + +**In short - what I have uncovered is mostly that Ken Griffin had a lot to gain from Donald T.'s China trade deal, and I can't make any sense of why he snubbed the signing ceremony, or wasn't praised by Donald T. That's it - that's my point.** + +&#x200B; + +# Speculation Section + +So what else could make sense then? **Well what if when Donald T. mentioned that Ken wants to hide his money, he wasn't talking about money. Ken wanted to hide his trades.** + +Well looky here what dropped onto the Federal register on the Tuesday before the signing ceremony (one day before). Sweeping changes to the National Market System (Reg NMS II) that make market-making less profitable for entities such as Citadel and Virtu, and also make PFOF more difficult. + +[https://www.federalregister.gov/documents/2020/01/14/2020-00358/joint-industry-plan-notice-of-filing-of-the-forty-seventh-amendment-to-the-joint-self-regulatory](https://www.federalregister.gov/documents/2020/01/14/2020-00358/joint-industry-plan-notice-of-filing-of-the-forty-seventh-amendment-to-the-joint-self-regulatory) + +[https://www.federalregister.gov/documents/2020/01/14/2020-00359/consolidated-tape-association-notice-of-filing-of-the-thirty-third-substantive-amendment-to-the](https://www.federalregister.gov/documents/2020/01/14/2020-00359/consolidated-tape-association-notice-of-filing-of-the-thirty-third-substantive-amendment-to-the) + +[https://www.federalregister.gov/documents/2020/01/14/2020-00363/consolidated-tape-association-notice-of-filing-of-the-thirtieth-substantive-amendment-to-the-second](https://www.federalregister.gov/documents/2020/01/14/2020-00363/consolidated-tape-association-notice-of-filing-of-the-thirtieth-substantive-amendment-to-the-second) + +[https://www.federalregister.gov/documents/2020/01/14/2020-00357/joint-industry-plan-notice-of-filing-of-the-forty-fourth-amendment-to-the-joint-self-regulatory](https://www.federalregister.gov/documents/2020/01/14/2020-00357/joint-industry-plan-notice-of-filing-of-the-forty-fourth-amendment-to-the-joint-self-regulatory) + +[https://www.federalregister.gov/documents/2020/01/14/2020-00360/notice-of-proposed-order-directing-the-exchanges-and-the-financial-industry-regulatory-authority-to](https://www.federalregister.gov/documents/2020/01/14/2020-00360/notice-of-proposed-order-directing-the-exchanges-and-the-financial-industry-regulatory-authority-to) + +&#x200B; + +Odd lots are a very important part of these change proposals, and here I link the submissions that Citadel (and by contrast, Blackrock) made on them. I believe Odd lots to be an integral part of how Citadel hides trades, and will be writing more about them in a further DD. + +[https://www.theice.com/publicdocs/SIP\_Comment\_Citadel\_redacted.pdf](https://www.theice.com/publicdocs/SIP_Comment_Citadel_redacted.pdf) + +<- Citadel commenting on Odd lot NMS proposal + +[https://www.theice.com/publicdocs/BlackRock\_Odd\_Lot\_Proposal\_December\_3\_2019.pdf](https://www.theice.com/publicdocs/BlackRock_Odd_Lot_Proposal_December_3_2019.pdf) + +<- Blackrock comments on Odd lots NMS proposal + +&#x200B; + +I have briefly covered these changes before in this [DD](https://www.reddit.com/r/Superstonk/comments/n90gg4/sec_release_3490610_aka_nms20_effective_june_8/), but basically the NMS II from what I can tell - contains multiple changes that would hurt Citadel's business model. What I'm suggesting is that Ken Griffin was annoyed with Donald T. that Jay Clayton & the SEC was making changes beneficial to other market participants, to Citadel's detriment. This DD is all circumstantial evidence, as I realized it was becoming too large to attach to the main DD, which will be focused more on mechanisms rather than trying to discover motivations & allegiances from public information. + +**To be continued.** + +# Miscellaneous references + +[https://www.reuters.com/article/china-regulator-goldman-idUSH9N22400P](https://www.reuters.com/article/china-regulator-goldman-idUSH9N22400P) + +[https://www.reuters.com/article/us-hedgefunds-deliveringalpha-citadel-idUSKBN1K8252](https://www.reuters.com/article/us-hedgefunds-deliveringalpha-citadel-idUSKBN1K8252) + +[https://www.pressreader.com/china/global-times/20170526/282119226489179](https://www.pressreader.com/china/global-times/20170526/282119226489179) + +[https://www.reuters.com/article/china-regulator-goldman-idUSH9N22400P](https://www.reuters.com/article/china-regulator-goldman-idUSH9N22400P) + +[https://asia.nikkei.com/Business/Markets/Stocks/Stock-falls-after-admission-of-probe](https://asia.nikkei.com/Business/Markets/Stocks/Stock-falls-after-admission-of-probe) + +[https://www.reuters.com/article/china-guosen-president-idUSL3N12N3QF20151023](https://www.reuters.com/article/china-guosen-president-idUSL3N12N3QF20151023) + +[https://www.scmp.com/business/markets/article/1846104/us-hedge-fund-citadel-banned-share-trading-shanghai-account](https://www.scmp.com/business/markets/article/1846104/us-hedge-fund-citadel-banned-share-trading-shanghai-account) + +[https://supchina.com/2020/02/04/was-chinas-97-million-fine-for-u-s-hedge-fund-citadel-politically-motivated/](https://supchina.com/2020/02/04/was-chinas-97-million-fine-for-u-s-hedge-fund-citadel-politically-motivated/) + +[https://www.wsj.com/articles/after-a-four-year-freeze-citadel-securities-can-trade-again-in-china-11579526314](https://www.wsj.com/articles/after-a-four-year-freeze-citadel-securities-can-trade-again-in-china-11579526314) +I went from browsing memes on Instagram for maybe an hour or two a day to spending 5-7+ hours on reddit every single day, weekends included 😬 + +I am literally addicted to DD like it’s crayola infused crack, I can’t wait to take my tendies and go for a hike or some shit. Don’t get me wrong i’ll stick around because our bond is stronger than our diamonds hands 💎🙌🏻, but I’m really looking forward to the next chapter of life 👍🏻 + +Anywho, I love you apes and I really hope there’s a safe way for us to meet up post squeeze, I can’t wait to hear about all the awesome things you all are gonna be doing 😁 + +Peace ✌🏼 + +p.s. I find the lack of rocket emojis on this sub disturbing, so + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +Upon death, the current tax rate is 50% on joint-filers on anything over 23 million (approx). On my 25th million dollars I would be taxed at say 40% when I earn it leaving 600,000 to add to my estate. Then at death I would then be taxed 50% (300,000) leaving 300,000 to pass on to my children. In other words all efforts past the sheltered amount of 23mm are effectively only going to benefit your family by only about 30%. My question (assuming the above understanding is accurate) is first, how do you all navigate and plan for this future certainty, and second is there really any incentive to continue after hitting that amount of 23MM (which Im sure will change as time goes on-and probably not for our benefit)? +I am not an attorney, this is not professional advice. + +Read this first if you haven't: [https://www.reddit.com/r/Superstonk/comments/opuziu/visual\_of\_the\_sft\_trades\_to\_prevent\_shorts\_andor/](https://www.reddit.com/r/Superstonk/comments/opuziu/visual_of_the_sft_trades_to_prevent_shorts_andor/) + +There are much more wrinkly brains saying they may not be able to read and understand the entire thing, but what is clear is they lay out in detail how they've been able to naked short and avoid key controls that were supposed to make it "impossible". Huh. It WAS possible. Weird. + +How many hours and lawyers did it take to write this thing. Dozens of lawyers? Hundreds/thousands of hours? + +For them to conclude that there maybe/should be optional recording of this method that works around all sorts of OTHER key regulations that were supposed to make this "impossible"? + +This is so big bosses can point out in court or congress that they were just following guidelines as understood by the "regulating body". + +"Who wrote these guidelines?" + +"It was a collaboration of hundreds of professional attorneys that are very learned in the laws of the land. Very reputable. Very legit. Trust us." + +Such corruption. Such BS. + +Doesn't change anything about the trajectory of the stock, just makes me more sure (if that was possible) that it's going to happen. +In this post I will go in-depth on: + +1. How Tether got to be what it is today + +2. Why Tether's market cap is a lot more than 0.5% of the total market cap for crypto you see on CoinMarketCap + +3. Tether printing timing + +4. Tether reserves + +5. What could happen to the market if Tether is found to not be backed by reserves + +Tether is incredibly important to the cryptocurrency market ecosystem and I've noticed far too few people understand what is going on. + +Very little actual discussion of the 2nd biggest crypto by volume happens here and whenever someone starts a discussion they most often got slapped for "FUD". Tether themselves recently hired the major New York based PR firm 5W to spread positive information online and take down critics, I'm sure some of their operatives are probably on Reddit. + +But its absolutely critical you understand the risks behind Tether and especially now with the explosion in reserve liability, breakdown in relationship with banks and their auditor and recently announced subpoena. + + +#What exactly is Tether and what happened so far? + +Tether is a cryptocurrency asset issued by Tether Limited (incorporated in the British Virgin Islands and a sister company of Bitfinex), on top of the Bitcoin blockchain through the Omni Protocol Layer. It is meant to give people a "stablecoin", for example a merchant who accepts bitcoin but fears its volatility could shift bitcoin into tether, which can be easier to do than exchanging bitcoin for dollars. Recently they've also added an Ethereum-based ERC20 token. Tether Ltd claims that each one of the tokens issued is backed by actual US dollar (and more recently Euro) reserves. The idea is that when a business partner deposits US dollars in Tether’s bank account, Tether creates a matching amount of tokens and transfers them to that partner, it is NOT a fractional reserve system. + +Tether makes the two following key promises in its whitepaper on which the entire premise is build: + +> Each tether issued will be backed by the equivalent amount of currency unit (one USDTether equals +one dollar). + +>Professional auditors will regularly verify, sign, and publish our underlying bank balance and financial transfer statement. + +Tether is centralized and dependent on your trust of Bitfinex/Tether Limited, and that the people behind it are honest people. For the new entrants to this market it will be greatly beneficial understand the timeline of Tether and their connection to Bitfinex. + +A brief timeline: + +* Bitfinex operators Phil Potter and CFO Giancarlo Devasini set up Tether Limited in the British Virgin Islands, but told the public that Bitfinex and Tether are completely separate. Throughout 2015 and 2016, the amount of Tether stays relatively flat. + +* In August 2nd, 2016, the second-largest digital currency exchange heist in history happened, when Bitfinex lost nearly 120,000 bitcoin. Bitfinex never revealed full details of the hack, but BitGo (the security company that had to sign off on the transactions) claims its servers were not breached. + +* Just 4 days after the hack Bitfinex “socializes” its losses from the theft by announcing a 36 percent haircut for almost all of its customers. In return, customers receive BFX tokens, initially valued at $1 each. + +* Two weeks after the hack Bitfinex announces it has hired Ledger Labs, to investigate the theft and perform a financial audit of its cryptocurrency and fiat assets. The public nevers sees the results of the investigation, and months later, Bitfinex admits it never actually hired Ledger Labs to perform an audit to begin with. + +* In May 2017, after long standing calls for an actual audit, Bitfinex hires Friedman LLP to "complete a comprehensive balance sheet audit." + +* November 7, 2017: Leaked documents dubbed “Paradise Papers” reveal Bitfinex and Tether are run by the same individuals. + +* November 19, 2017: Tether is hacked, with 31 million USDT suddenly disappearing. Tether Limited reacts to this by creating a hard fork. + +* December 4, 2017: Right after hiring the PR firm 5W to help improve their image, Bitfinex hires law firm Steptoe & Johnson and threatens legal action against critics. + +* December 6, 2017 - CFTC issues a subpoena to Tether and Bitfinex. This news isn't made public until the end of January. + +* December 21, 2017 : Without making any formal announcement, Bitfinex appears to suddenly close all new account registrations. Those trying to register for a new account are asked for a mysterious referral code, but no referral code seems to exist. + +* After a month of being closed to new registrations, Bitfinex announces it is reopening its doors, but now requires new customers to deposit $10,000 before they can begin trading. + +* Friedman LLP completely cut ties with Tether on January 27, 2017. + +#Most common misconception: Tether is only a small part of the total market cap + +One of the most common misconception people have about cryptocurrencies is that the "market cap" amount they see on CoinMarketCap.com is actually the amount of money that is invested in each coin. + +I often hear people online dismiss any issue with tether by simply claiming its not big enough to cause any effect, saying "Well Tether is only $2.2 billion on CoinMarketCap and the market is 400 billion, its only 0.5% of the market". + + +But this misunderstands what market capitalization for cryptocurrency is, and just how different the market cap for Tether is to every other token. The market cap is simply the last trade price times the circulating supply. It doesn't take into account the order book depth at all. The majority of Bitcoin (and most coins) are held by those who either mined or purchased for a very low price early on and simply held on as very small portions of the total supply was rapidly bid up to their current price. + +An increase in market cap of X does NOT represent an inflow of X dollars invested, not even close. A 400 billion dollar market cap for crypto does NOT mean that there is 400 billion dollars underwriting the assets. Meanwhile a 2 billion dollar Tether market cap means there should be exactly $2 billion backing up the asset. + +Nobody can tell for sure exactly how much money has been invested in cryptocurrency market, but [analysts from JPMorgan](https://www.zerohedge.com/news/2017-12-02/jpmorgan-has-some-bad-news-bitcoin-bears) found that there was only net inflow of $6 billion fiat that resulted in $300 billion market cap at the time. This gives us a roughly 50:1 ratio of market cap to fiat inflow. Prominent crypto evangelist Julian Hosp [gives the following estimate](https://www.businessinsider.com.au/heres-why-market-capitalisation-is-a-bad-way-to-measure-a-cryptocurrencys-value-2018-1): "For a cryptocurrency to have a market cap of $1 billion, maybe only $50 million actually moved into the cryptocurrency." + +For Tether however the market cap is simply the outstanding supply, 2.2 billion USDT is actually equal to 2.2 billion USD. In order to get $50 USDT you have to deposit $50 real U.S. dollars and then 50 completely new tokens will be issued, which never existed before on the market. + +What is also often ignored is that Bitfinex allows margin trading, at a 3.3x leverage. Bitfinexed did an excellent analysis on how tether is entering Bitfinex to fund margin positions + +There are $2.2 billion in Tether outstanding and the current market cap of the entire market is $400 billion according to CoinMarketCap. You can actually calculate Tether as a % of total fiat invested in the market according to the JP Morgan estimate, the following table outlines for a scenario of no margin lending and 15/25% of tether being on a 3.3x leverage margin account: + +Fiat Inflow/Market Cap Ratio | Tether as % of total market (no margin) | Tether as % of total market (15% on margin) | Tether as % of total market (25% on margin) +----------|----------------|----------------|---------------- +JP Morgan estimate (50:1) | 27.5 % | 36.9 % | 43.3 % + +Even without any margin lending Tether is underwriting the worth of about 27.5% of the cryptocurrency market, and if we assume only 25% was leveraged out at 3.3x on margin we have a whole 43% of the market cap being driven by Tether inflow. + +A much better indicator on CoinMarketCap of just how influential Tether is actually the volume, i[ts currently the 2nd biggest cryptocurrency by volume](http://coinmarketcap.com/currencies/volume/24-hour) and there are even days where its volume exceeds its market cap. + +What this all means is that not only is the market cap for cryptocurrencies drastically overestimating the amount of actual fiat capital that is underwriting those assets, but a **substantial portion of the entire market cap is being derived from the value of Tether's market cap rather than real money**. + +Its incredibly important that more new investors realize that Tether isn't a side issue or a minor cog in the machine, but one of the core underlying mechanisms on which the entire market worth is built. **Ensuring that whoever controls this stablecoin is honest and transparent is absolutely critical to the health of the market.** + +#Two main concerns with Tether + +The primary concerns with Tether can be split into two categories: + +1. Tether issuance timing - Does Tether Ltd issue USDT organically or is it timed to stop downward selling pressure? + +2. Reserves - Does Tether Ltd actually have the fiat reserves at a 1:1 ratio, and why is there still no audit or third party guarantee of this? + + +#Does Tether print USDT to prop up Bitcoin and other cryptocurrencies? + +In the last 3 months the amount of USDT has nearly quadrupled, with nearly a billion being printed in January alone. Some people have found the timing of the most recent batch of Tether as highly suspect because it seemed to coincide with Bitcoin's price being propped up. + +https://www.nytimes.com/2018/01/31/technology/bitfinex-bitcoin-price.html + +This was recently analyzed statistically: + +>Author’s opinion - it is highly unlikely that Tether is growing through any organic business process, rather that they are printing in response to market conditions. + +>Tether printing moves the market appreciably; 48.8% of BTC’s price rise in the period studied occurred in the two-hour periods following the arrival of 91 different Tether grants to the Bitfinex wallet. + +>Bitfinex withdrawal/deposit statistics are unusual and would give rise to further scrutiny in a typical accounting environment. + +https://www.tetherreport.com + +I'm still undecided on this and I would love to see more statistical analysis done, because the price of Bitcoin is so volatile while Tether printing only happens in large batches. Simply looking at the Bitcoin price graph over the last 3 months and then the Tether printing its pretty clear there is a relationship but it doesn't seem to hold over longer periods. + +Ultimately to me this timing isn't that much of an issue, as long Tether is backed by US dollars. If Bitfinex was timing the prints then it accounts to not much more than an organized pumping scheme, which isn't a fundamental problem. The much more serious concern is whether those buy order are being conducted on the faith of fictitious dollars that don't exist, regardless of when those buy orders occur. + + +#Didn't Tether release an audit in September? + +Some online posters have recently tried to spread the notion that Tether has actually been audited by Friedman LLP and that a report was released in September 2017. That was actually just a consulting engagement, which you can read here: + +https://tether.to/wp-content/uploads/2017/09/Final-Tether-Consulting-Report-9-15-17_Redacted.pdf + +They clearly state that: + +>This engagement does not contemplate tests of accounting records or the performance of other procedures performed in an audit or attest engagement. Our procedures performed are not for the purpose of providing assurance...In addition, our services do not include determination of compliance with laws and regulations in any jurisdiction. + +They state right from the beginning that this is a consultancy job (not an audit), and that its not meant to be assurance to third parties. Doing a consultancy job is just doing a task asked by your customer. In a consultancy job you take information as true from the client, and you have no mandate to verify whether your customer's claims are true or not. The way they checked is simply asking Tether to provide them the information: + +>All inquiries made through the consulting process have been directed towards, and the data obtained from, the Client and personnel responsible for maintaining such information. + +Tether provided a screenshots of twp bank balances. One of these is in the name of Tether Limited, and while the other is a personal account of an individual who Tether Limited claims has a trust agreement with them: + +>As of September 15, 2017, the bank held $60,919,810 in **an account in the name of an in individual for the benefit of Tether Limited**. FLPP obtained an engagement letter for an interim settlement plan between that individual and Tether Limited and that **according to Tether Limited, is the relevant agreement with the trustee. FLLP did not evaluate the substance of the letter and makes no representation about its legality.** + +Even worse is that later on in Note 1, they clearly claim that there is no actual evidence that this engagement letter or trust has any legal merit: + +>**Note 1: FLLP makes no representations about sufficiency or enforceability of any trust agreement between the trustee and the Client** + +Essentially what this is saying is that the trust agreement may not even be worth the paper it’s printed on. + +And most importantly… Note 2: + +>“**FLLP did not evaluate the terms of the above bank accounts and makes no representations about the clients ability to access funds from the accounts or whether the funds are committed for purposes other than Tether token redemptions**” + +Basically Tether gave them a name of an individual with $60 million in their account according to a screenshot, Tether then gave them a letter saying that there is a trust agreement between this individual and Tether Limited. They also have account with $382 million but no guarantee that this account holds to any lien or other commitments, or that it can be accessed. + +Currently Tether has 2.2 billion USDT outstanding and we have absolutely no idea whether this is actually backed by anything, and the long promised audit is still outstanding. + + +# What happens if its revealed that Tether doesn't have its US dollar reserves? + +According to Thomas Glucksmann, head of business development at Gatecoin: "If a tether debacle unfolds, it will likely cause quite a devastating ripple effect across many of the exchanges that see most of their volumes traded against the supposedly USD-backed cryptocurrency." + +According to Nicholas Weaver, a senior researcher at the International Computer Science Institute at Berkeley: "You could see a spike in prices in tether-only bitcoin exchanges. So, on those exchanges only you will see a run up in price compared to the bitcoin exchanges that actually work with actually money. So you would see a huge price diverge as people see that only way they can turn tether into real money is to buy other cryptocurrency then move to another exchange. That is a bank run." + +I definitely see the crypto equivalent of a bank run, as people actually try to secure their gains an realize that this money doesn't actually exist within the system: + +> If traders lose confidence in it and its value starts to drop, “people will run for the door,” says Carlson, the former Wall Street trader. If Tether can’t meet all its customers’ demand for dollars (and its Terms of Service suggest that in many cases it won’t even try), tether holders will try to snap up other cryptocurrencies instead, temporarily causing prices for those currencies to soar. With tether’s role as an inter-exchange facilitator compromised, investors might lose faith in cryptocurrencies more generally. “At the end of the day, people would be losing substantial sums, and in the long term this would be very bad for cryptocurrencies,” says Emin Gun Sirer, a Cornell professor and co-director of its Initiative for Cryptocurrencies and Smart Contracts. + +>Another concern is that Bitfinex might simply shut down, pocketing the bitcoins it has allegedly been stockpiling. Because people who trade on Bitfinex allow the exchange to hold their money while they speculate, these traders could face substantial losses. “The exchanges are like unregulated banks and could run off with everyone’s money,” says Tony Arcieri, a former Square employee turned entrepreneur trying to build a legally regulated exchange. + +https://www.wired.com/story/why-tethers-collapse-would-be-bad-for-cryptocurrencies/ + +The way I see it, this would be how it plays out if Tether collapses: + +1. Tether-enabled exchanges will see a massive spike in Bitcoin and cryptocurrency prices as everyone leaves Tether. Noobs in these exchanges will think they are now millionaires until they realize they are rich in tethers but poor in dollars. + +2. Exchanges that have not integrated Tether will experienced large drops in Bitcoin and alts as experienced investors flee crypto into USD. + +3. There will be a flight of Bitcoin from Tether-integrated exchanges to non-Tether exchanges with fiat off-ramps. Exchanges running small fractional reserves will be exposed, further increasing calls for greater reserves requirements. + +4. The exchanges might slam the doors shut on withdrawals. + +5. Many exchanges that own large balances of Tether, especially Bitfinex, will likely become insolvent. + +6. There will be lawsuits flying everywhere and with Tether Limited being incorporated on a Carribean Island whose solvency and bankruptcy laws will likely ensure they don't ever get much back. This could take years and potentially push away new investors from entering the space. + +#Conclusion + +We can't be 100% completely sure that Tether is a scam, but its so laiden with red flags that at this point I would call it the biggest systematic risk in the crypto space. Its bigger than any nation's potential regulatory steps because it cuts right into the issue of trust across the entire ecosystem. + +Ultimately Tether is centralizing one of the very core mechanics of the cryptocurrency markets and asking you to trust one party to be the safekeeper, and I really see very little reason to trust Bitfinex given their history of lying and screwing over their own customers. I think that Tether initially started as a legit business to facilitate the ease of moving money and avoiding regulations, but somewhere along the lines greed and/or incompetence took over (something that seems common with Bitfinex's previous actions). Right now we're playing proverbial hot potato, and as long as people believe that Tether is worth a dollar everything is fine, but as some point the Emperor will have to step out from hiding and somebody will point out they have no clothes. + +In the long term I really hope once Tether collapses we can move on and get the following two implemented which would greatly improve the market for all investors: + +1. Actual USD fiat pairings on the major exchanges for the major currencies + +2. Regulatory rules on exchange reserve requirements + +I had watched the Bitconnect people insist for the last 2 years that everything about Bitconnect made perfect sense because they were getting paid daily. The scam works until one day it suddenly doesn't. + +Tether could still come clean and avoid all of this "FUD" by simply getting a simple review of their banking, they don't even need a full audit. If everything was legit with Tether, it would be incredibly easy to have a segregated bank account with the funds used solely to back up Tether, then have an third party accounting firm simply review the account and a bank reconciliation statement then spend a few hours in contact with the bank to ensure no outstanding liabilities are held on that balance. This is extremely basic stuff, it would take a few hours to set up and wouldn't take a lot of man-hours for a qualified account to do, and yet they don’t do it. Why? Why hire a major PR firm and spend god knows how much money to pay professional PR representatives to attack "FUD" online instead? + +I think I know why. + +Biden Proposal Could Lead to Employee Status for Gig Workers +A proposed rule, long awaited by labor activists, would make it harder for companies to classify workers as independent contractors. + +The Labor Department on Tuesday unveiled a proposal that would make it more likely for millions of janitors, home-care and construction workers and gig drivers to be classified as employees rather than independent contractors. + +Companies are required to provide certain benefits and protections to employees but not to contractors, such as paying a minimum wage, overtime, a portion of a worker’s Social Security taxes and contributions to unemployment insurance. + +The proposed rule is essentially a test that the Labor Department will apply to determine whether workers are contractors or employees for companies. The test considers factors such as how much control workers have over how they do their jobs and how much opportunity they have to increase their earnings by doing things like offering new services. Workers who have little of either are often considered employees. + +The new version of the test lowers the bar for that employee classification from the current test, which the Trump administration’s Labor Department created. + +The proposal is intended as a so-called interpretive rule that doesn’t have the legal force of a regulation specifically authorized by Congress, and it applies only to laws that the department enforces, such as the federal minimum wage. States and other federal agencies, like the Internal Revenue Service, set their own criteria for employment status, and the rule would not directly affect what they decided about the status of gig workers. + +But many employers and regulators in other jurisdictions are likely to consider the department’s interpretation when making decisions about worker classification, and many judges are likely to use it as a guide. + +As a result, the proposal is a potential blow to gig companies and other service providers that argue their workers are contractors, though it would not immediately affect the status of those workers. + +“While independent contractors have an important role in our economy, we have seen in many cases that employers misclassify their employees as independent contractors,” the labor secretary, Martin J. Walsh, said in a statement. “Misclassification deprives workers of their federal labor protections, including their right to be paid their full, legally earned wages.” + +Uber and Lyft have said in federal filings that having to treat drivers as employees could force them to alter their business models, and some gig economy officials have estimated that their labor costs would rise 20 to 30 percent. + +Editors’ Picks + +‘House of the Dragon’: Paddy Considine Won’t Watch Sunday’s Episode + +Cate Blanchett Doesn’t Want to Be Understood + +Renting ‘Sight Unseen’? A Broker and FaceTime Helped +The proposal also defuses growing pressure from activists supporting gig workers, who complained that the administration had been too slow to intervene to protect ride-hail drivers and other app-based workers. + +In proposing its rule, the Biden administration is harking back to an approach adopted under President Barack Obama, though administration officials said in interviews that they were merely returning to a standard that federal courts have repeatedly upheld over the decades. + +The Biden administration delayed and then scrapped the Trump rule before a federal judge reinstated it. The new proposal would formally rescind the Trump rule and replace it when the proposal is made final in the coming months. Opponents could ask a federal judge to block the rule temporarily or strike it down, but administration officials expressed confidence that it would withstand judicial scrutiny. + +Under Mr. Trump, the department argued that two factors should predominate in determinations of whether a worker is an employee or a contractor, even if other factors are relevant: the degree of control a company has over the worker, and the extent to which a worker can increase his or her income by taking entrepreneurial initiative, like marketing his or her services. + +The Trump Labor Department suggested that gig workers like Uber drivers would probably be considered contractors under these criteria. Proponents argued that the Trump approach was necessary so enforcement didn’t snuff out new ways of doing business, such as the gig economy. + +But in an interview, Seema Nanda, the Biden Labor Department’s top lawyer, said the Trump rule “threatens to actually increase rather than decrease misclassification.” + +The proposal by the Biden Labor Department argues that several factors must be weighed when assessing whether a worker is a contractor or an employee, and that none of them are necessarily more important than the others. Among the additional factors are whether the work being performed is central to a company’s business, and what kind of investments workers make to do their jobs, such as buying equipment. + +Administration officials cautioned that determining whether or not gig workers like Uber drivers are employees would hinge on applying the test laid out in the proposal to individual cases and that they were not prejudging the outcome of any one of them. They also emphasized that the proposal did not target a particular industry. + +“We make a determination based on the specific facts in any case that we look at,” Ms. Nanda said. “Misclassification harms workers across a wide range of industries.” + +Gig companies like Uber and Lyft have sought for years to influence laws and regulations on worker classification. After the California Legislature passed a bill that effectively classified gig drivers as employees in 2019, gig companies spent roughly $200 million helping to pass a ballot measure that would exempt their workers from employee status while granting them limited benefits. + +A state judge later ruled that the measure was unconstitutional. The decision is being appealed. + +Gig companies have tried and failed to enact similar measures in other liberal states, like New York and Massachusetts, but did help pass a contractor measure in Washington State. + +Uber and Lyft have often argued that drivers prefer the flexibility that independent contractor status affords them, such as the ability to work when, where and however long they choose to. They have cited polling data that appears to affirm this. + +Legal scholars point out that there is nothing inherent about employment status that would forbid companies to grant workers similar flexibility. + +Asked in an interview this summer whether he thought drivers would prefer to be independent contractors or employees if the trade-offs were made clear, Mr. Walsh, the labor secretary, argued that “95 percent of people would say yes” to being classified as employees. + +Companies, unions, workers and other members of the public will have a month and a half to formally comment on the proposal before the department incorporates feedback into a final rule. + +https://www.nytimes.com/2022/10/11/business/biden-gig-workers-contractors-employees.html +Going to get downvoted for this and so far what I’ve read on BCG is that they’re a terribly unethical company. I’m not disagreeing with that. I am, however, asking for apes to be careful about jumping to conclusions that stroke your own confirmation bias. Don’t just Google “BCG” and then add in the words of your least favorite companies” and then post “OMG, they’re connected here and here as well”. Dig deeper and deeper. Separate the crime from the non crime. +I make about $70k per year (pre-tax), I just turned 22. + +My current monthly expenses are: + +Rent - $550 + +Groceries/Food - $300 + +Gas - $150+ + +Miscellaneous - $200 + +After taxes I make $3600 /month from my salary job and about $500-1500 from my business. + +I currently have about $6000 saved and would be trading in my current car which I have about $10-15k equity in. + +Would this be an alright decision, dumb decision, or nearly impossible decision? I believe the payments will be in the $400 range. + +EDIT: My current car is a 2015 Nissan 370z and I am looking at upgrading to a Jaguar F-Type because my current car is approaching 90k miles and has been needing frequent maintenance. +I'm finally going to be making enough to get out of poverty-level wages. In excitement, I told my mom the salary offer. My dad had already warned me to be careful around my money with my new wages. Sure enough, she already told my aunt (her sister) who has a big mouth. I'm sure the whole family knows by now. The only saving grace is that I have so much debt (credit cards and student loans) that I can give the excuse to aggressively pay them; hence, no money to lend. (plus CDs, savings, and other places I can stash money away). I will happily pay bills in full that my parents and I share (I moved back in with them. We share phone and groceries. Not to mention utilities, AC, etc. I have never paid these bills before with very minor exceptions--aka when I can). I have student loans in the first place, because my mom used my college fund to pay something on a house she used to own...which she ended up losing anyway... + +I learned my lesson never to tell my mom how much I will be making. I am not a charity fund. I don't owe anyone any money. I already see her asking me for money or to give to family. For ex, we have a cousin in Puerto Rico. My mom constantly gives him money. I told her to stop because suddenly the money goes away quickly, and he calls back a week later. PR is expensive, but my cousin has a boyfriend that for sure he's giving him money. Sure enough, that was the case, and I think my mom finally stopped giving money after my cousin's brother told her everything. (She wouldn't listen to me). + +I don't own a car, but use my parents old one where I always paid for maintenance, gas, etc. I will like to travel to cheap places, many of which have rugged terrains. So, I will like to get this all done while I'm young. I don't plan on making any big purchases, such as a car. Maybe a desk top with two computer screens to get research done. I'm going to be the big mean bad person for saying no to my family, but I am not going to regret it. I've done my fair share of part time work, temp jobs, working full-time at 14 to pay for high school tuition my parents couldn't afford, ended up getting a doctorate degree to then suddenly be my family's piggy bank. Sorry. Not sorry. Thanks for listening. + +Sorry for the rambling and incoherent sentences. +Discuss here as to not spam the entire sub with this ticker. Ty Have fun. + +&#x200B; + +&#x200B; + +https://preview.redd.it/lsp714e263i91.png?width=489&format=png&auto=webp&s=c4aabe4d06e3e0755cf5fa1a9bbff5a6d781c2f6 +Hey, after the massive drop today Broadcom looks very attractive to me (P/E under 20 and almost a 3.8% yield. What do you guys think? Time to buy or should I be patient? +https://preview.redd.it/4txyilpo9j4a1.png?width=1920&format=png&auto=webp&s=fb68f762025c8461c28a2c761382fafb065c8dd7 + +GameStop will report third quarter fiscal 2022 results after the market closes on Wednesday, December 7, 2022. It will host an investor conference call at 5:00 pm ET on the same day to review results. This call and all supplemental information can be accessed on GameStop’s IR website: + +# [https://investor.gamestop.com](https://investor.gamestop.com/) + +&#x200B; + +[https:\/\/www.reddit.com\/r\/Superstonk\/comments\/z8hbwr\/with\_our\_powers\_combined\/ ](https://preview.redd.it/2m6dmsvn3i4a1.png?width=640&format=png&auto=webp&s=07b8ca6cc44fda1df66878b634ab1a1f0da2e20a) + +Will we see an updated number of shares transferred to Gamestop's transfer agent? As investors, it's important to get all the information possible regarding the company's stock, and 'the number of Class A Common shares direct registered' with their transfer agent is something a lot of us personally look forward to seeing. + +Learn more about what's included in a 10Q: + +>[Investor.gov 10Q glossary](https://www.investor.gov/introduction-investing/investing-basics/glossary/form-10-q) +> +>[SEC breakdown of 10Q](https://www.sec.gov/about/forms/form10-q.pdf) + +https://i.redd.it/63ttjo0r9j4a1.gif + +The Wall Street consensus estimates for GameStop (ticker: GME) is to report October quarter revenue of $1.345 billion with an adjusted loss of 28 cents a share. Analysts' consensus estimate for the current quarter's revenue is $2.399 billion. + +&#x200B; + +[Broader Market News](https://apnews.com/article/inflation-health-new-york-business-earnings-696d52908c270190cd8481cb531f563a): + +* Every major index is on track for weekly losses. +* Treasury yields fell significantly. The yield on the 10-year Treasury slipped to 3.44% from 3.53% late Tuesday. +* Inflation, the Fed’s aggressive interest rate increases and recession worries remain the big concerns for Wall Street. Economic updates later this week could give investors more insight into inflation’s path ahead and how the Fed will continue fighting high prices. +* The central bank is expected to raise interest rates by a half-percentage point at its meeting next week. It has raised its benchmark rate six times since March, driving it to a range of 3.75% to 4%, the highest in 15 years. Wall Street expects the benchmark rate to reach a peak range of 5% to 5.25% by the middle of 2023. +* New CPI numbers coming out next week for November. + +[Comment against this Federal Reserve FDIC Proposal](https://www.reddit.com/r/Superstonk/comments/zdebh6/comment_against_the_federal_reserve_fdic_proposal/?utm_source=share&utm_medium=web2x&context=3) + +[🟣Why haven't you registered your shares yet? Do you need help? Have you registered and want to help? Get in here!🟣](https://www.reddit.com/r/Superstonk/comments/za05k6/why_havent_you_registered_your_shares_yet_do_you/?utm_source=share&utm_medium=web2x&context=3) + +[Comment on our rules here](https://www.reddit.com/r/Superstonk/comments/z1fs86/help_revise_superstonks_subreddit_rules_start_here/) + + [🎄❄🎄Toys for Tots 🎄❄🎄](https://marinetoysfortots.salsalabs.org/2021marinetoysfortotscrowdfunding/p/VeryGMErryHoliday/index.html) +This idea seems like it could lower prescription prices while still maintaining the "free market" of the industry, as companies would then be forced to offer their drugs at competitive prices now that consumers can get these medications from other manufacturers. + +How do you think this would affect the industry as a whole? +I understand rate hikes will dampen demand and investment in theory. Is that enough to help ease supply chain restraints? Will that help clear backlogs at shipping ports? The other issue is some countries are still implementing COVID restrictions like China that will affect the global supply chain which US policy cannot have an impact on. I guess I’m just skeptical the Fed can control inflation. +Recently this semester I learned about Bertrand paradox, and today net neutrality has been repealed but I am honestly curious if that matters or not. +Assuming identical products (internet) same Marginal Costs (cost of producing one more unit of internet is close to 0 I would guess), Bertrand paradox states that price is going to equal marginal cost even if only 2 firms. To my understanding this is why the airline industry makes 0 economic profit. So is it wrong to think that we are just freaking out about net neutrality for nothing? The only way it could be a problem is if all the internet providers collude, but each firm has incentive to cheat like all cartels. Also I believe that is illegal. + +Will there still be tiered access? Will people still have to pay more for fast internet? From what I understand, it shouldn't matter but I am just a student. Thoughts? +It seems to be commonly accepted that inflation hurts the poorest most. However, fighting inequality would seem to demand higher wages (and other redistributive mechanisms), which are (said to be) inflationary. Is there a flaw in this thinking? Or, if it makes sense, how would a society tackle inequality without creating this feedback loop? Thanks. +I’m currently attending community college for another 3 quarters until I transfer to a 4 year, and I only have class twice a week. I was curious as to what part-time jobs would be most beneficial to any future endeavors in economics? (I’m not sure exactly what I want to do after I graduate, I’m interested in financial advising if that helps.) I’ve applied to a few banks for teller positions but other than that I’m out of ideas. I appreciate any input, thanks! +Just had an interesting discussion where someone said that they changed the price of their product by 1c and saw a pretty large increase in purchases. I'm sure this study must exist out there, I just don't know the terms to search for I guess. Any help appreciated, thanks. +**PsychoMarket Recap - Wednesday, September 30, 2020** + +Stocks traded higher throughout the day before pulling back steeply in the last hour of trading in another extremely volatile day. While major benchmarks are up around 4% in the last five trading days, intraday volatility has been extreme, making options trading difficult. Traders weighed a wild presidential debate and developments among Congressional lawmakers for further fiscal stimulus. Stocks recovered in the last 20 minutes of the market, capping off an extremely volatile final hour. + +The Nasdaq (QQQ) finished the day 0.68% up, the S&P (SPY) finished the day 0.59% up, and the Dow (DIA) led the day finishing 0.99% up. + +Yesterday’s presidential debate between Pres. Trump and Joe Biden proved to be an extremely contentious affairs, with Trump frequently interrupting both Biden the moderator, Chris Wallace who could not control the candidates, and a slew of highly personal attacks from both sides. The Guardian branded the debate ‘a national humiliation’. With the election in 36 days, analysts expect volatility to increase as November 3rd gets closer. Tom Lee, managing partner at Fundstrat Global Advisors, said “I think markets are really nervous into those 36 days \[before the election\] and one of the things we have to think about is, when does nervousness price in the worst is yet to come? When do you think the worst is priced in? There’s $4.3 trillion in cash on the sidelines. I don’t think in the history of any financial market in the world do you ever have a top when there’s 20% of the equity market sitting in cash. Investor cash — that’s excluding the private equity cash, the record cash held by corporates too. So you’ve got tons of dry powder. People are bearish.” + +The election comes against a dire economic situation, especially in the labor, with major corporations recently announcing new rounds of job cuts. Disney (DIS) announced it was slashing 28,000 jobs in their theme parks, cruise line, and retailers. Shell (RDS) announced it was cutting 9,000 jobs as the pandemic has affected the demand for oil. According to CNN business, tens of thousands of airline jobs could be lost as soon as tomorrow, as a federal prohibition on job cuts in the industry expires. Airline executives say they are prepared to keep workers only if Congress approves $25 billion in grants. + +Congressional lawmakers and the Trump administration are attempting to come to a deal in the near-term to provide additional fiscal relief to the families and small businesses that are struggling in the pandemic. House Democrats are pushing forward with a new $2.2 trillion proposal as speaker Pelosi and the White House make a final attempt to strike a deal before the election. Today, Pelosi and Mnuchin were unable to strike a deal after a 90-minute meeting. The pair said they will continue discussion as they continue to work to craft legislation that could pass both Houses of Congress. House Democrats are holding a vote on their plan today, a largely symbolic gesture as McConnel has already opposed the plan. Republicans are rumored to have a $1-1.5 trillion ceiling for any new relief legislation. + +**Highlights** + +* Nikola **(**NKLA) postponed this year's " Nikola World " showcase, saying that pandemic-related gathering restrictions in its home state of Arizona forced its hand. Interesting given Apple (AAPL) and Tesla (TSLA) successfully did online events +* Precious metals underperformed the market today. Gold (IAU) finished 0.55% down, Miners (GDX) finished 0.38% +* Alphabet (GOOG) refreshed its product line Wednesday with new smartphones, a Chromecast laptop, and a new Nest speaker. +* Health care stocks were outpacing most other industry sectors Wednesday afternoon, with the NYSE Health Care Index rising 1.7% while the SPDR Health Care Select Sector ETF was up 1.9%. +* Shares of Datadog (DDOG) jumped more than 10% today after a partnership with Microsoft’s (MSFT) Azure cloud platform. DDOG said in a statement, ““Datadog will now be available in the Azure console as a first-class service. This means that Azure customers will be able to implement Datadog as a monitoring solution for their cloud workloads through new streamlined workflows that cover everything from procurement to configuration.” +* Moderna (MRNA) announced that elderly people in the first trial of its Covid-19 vaccine generated high levels of antibodies against the coronavirus, on a par with younger test subjects and patients who have recovered from the illness +* Albibaba (BABA) received several upgrades today + * Benchmark raised PT to $355 and rated BUY + * Truist Securities raised PT to $308, rated BUY + * Loop Capital raised PT to $350, rated BUY +* Shopify (SHOP) was upgraded by Wedbsuh from $998 to $1,300 from NEUTRAL to OUTPERFORM. This in an important one, this stock is a monster! +* Starbucks (SBUX) + * Cowen upgraded from $77 to $90 MARKET PERFORM to OUTPERFORM + * Telsey Advisory Group raised target $80 to $90 MARKET PERFORM +* Penn National Gaming (PENN) received several upgrades: + * Rosenblat target raised $80 to $90 BUY + * JPMorgan downgraded $62 to $83 OVERWEIGHT to SELL + * Craig Hallum target raised $75 to $90 BUY +* Southwest Airlines (LUV) had target raised by Raymond James from $42 to $45 at STRONG BUY. +* HASBRO (HAS) UPGRADED BY STIFEL NICOLAUS $73 TO $100 HOLD TO BUY +* Canada Goose (GOOS) was upgraded by Cowen from $23 to $36, MARKET PERFORM to OUTPERFORM +* Caesars Entertainment (CZR) currently at $55, had its target raised by Stifel Nicolaus from $67 to $80 at BUY. +* NKLA up 14%, DDOG up 12%, LX up 11%, GRWG up 9%, GOOS up 8.3%, DUK 6.8%, DDS up 6.5%, REGI up 6.3%, BABA a monster 5.5%, NETE up 30%, MRNS 11%, AQST 10%, OPK 7.6%, +https://www.cnbc.com/2022/02/17/palantir-pltr-earnings-q4-2021.html + +Full Text: + +>Shares of Palantir fell more than 13% on Thursday afternoon after the company reported mixed earnings results for the fourth quarter. + +>Here are the key numbers: + +>Earnings per share (EPS): 2 cents, adjusted vs. 4 cents estimated, according to a Refinitiv survey of analysts +>Revenue: $433 million vs. $418 million estimated, according to Refinitiv +>Palantir said it expects $443 million in revenue in the first quarter, while analysts had been expecting about $439 million, according to Refinitiv. It continues to expect annual revenue growth of 30% or more through 2025. + +>But its reported net loss was $156.19 million, wider than the $148.34 million of the fourth quarter in 2020. + +>The software company, known for its work with government agencies, said that revenue increased 26% year over year and that it added 34 net new customers in the fourth quarter. + +>It also said it closed 64 deals in the quarter of $1 million or more, including 27 of which were at least $5 million and 19 of which were at least $10 million. + +>Palantir expanded its commercial business throughout 2021, with revenue up 34% year over year to $645 million. U.S. commercial revenue alone soared 102% with the customer count jumping 4.7 times to 80. In 2021, government revenue gained 47% to $897 million. + +Personal take: Honestly I don't know what would turn investor sentiment on this company at this point. Revenue growth is no longer sufficient without improvement in profitability and cashflow. If the current momentum continues it won't be long for the stock to get below its original IPO price at $10. + +**Disclosure**: I long $PLTR, although [I fucking wish that's not the case.](https://wealth.ly/share/WKP49U) +I've seen a lot of positive information about Paypal's stock and what the future might hold for Paypal especially with Venmo hitting Amazon; however, it seems every other day it's 3 steps forward and 3 steps back as Paypal stock sits between 180 and 195 for a single share. What do you guys think about Paypal as a company currently? and what do you think as far as stock price within the next year or two? +On Sunday at around 2:00 AM I got a call from PayPal from the automated fraud line asking if the charge 4100 euros on my account was valid or if it was unauthorized. I quickly tapped the 2 and was thanked for helping keep PayPal “safe”. I checked my account and saw the charge and that they would have the money in their account in a few days. I tried to open a claim on PayPal but the claim was already opened with the message; Spoof claim created by IVR GMC or something along those lines. I googled it and I saw many posts of people opening claims over the phone and then having PayPal instantly close the case and refuse to let the person speak to anyone. What’s my course of action? Why did PayPal allow a payment from a different IP on the other side of the world for 4100 euros go through when I said it was unauthorized? I have 2FA on my PayPal and was supposed to receive a text every time I login? Any help would be appreciated. + +Tl;dr: PayPal got hacked and I was charged 4100 euros and a claim was already opened with the message “Spoof case created by IVR GMC” what does this mean and how do I get my money back? + +Edit: I am American and currently live in the US, many people were confused but the payment made was in Euro + +Edit 2: I called PayPal and they investigated, I got a full refund! +At this age, it's very common to face a big shift in terms of taking responsibilities of your own personal finances. + +What tips and advice would you give to 21 year olds today that should be actioned on immediately, and things to keep in mind for the future? Or even advice you wish your 21 year old self took? + +For example, one thing I can think of is for the average 21 year old to make a non-concessional contribution of x amount (I'm unclear what the exact amount is) to their superannuation and receive $500 from the government into their super! + +People much smarter than I, on this subreddit, probably know a tonne of valuable information; this could be a great page to share :) +# Active (and Substantial) Unwinding of Margin/Credit: + +[Every data point since 1997 has been updated with month-to-month changes in inflation. Thus, this graph shows a measure of real value over time, in margin\/credit. \(margin data taken from FINRA margin statistics data, and inflation data taken from the Bureau of Labor Statistics\). The chart shows that the bubble of 2021-2022 was the largest margin bubble in U.S. history, by every available measure. It is collapsing markedly: there is no evidence of it slowing down. Another $300 Billion should, by technicals, unwind to equal similar 'unwindings' in recent memory.](https://preview.redd.it/ioqgm0rxa46a1.png?width=1211&format=png&auto=webp&s=082932606862b49ab51c70d5e68978c632ca90da) + +&#x200B; + +# Macro-Market Peak (historic): + +[2021-2022's risk-on peak resembled 2000's dotcom peak](https://preview.redd.it/tc00p0lwa46a1.png?width=652&format=png&auto=webp&s=64734e178a7b6c744e42dd3d9bbb8104a624a667) + +&#x200B; + +# 2008-like and 1929-like correlations: + +[The market is closely-correlating with behavior like 2008 and 1929](https://preview.redd.it/9urasnu6e46a1.png?width=1060&format=png&auto=webp&s=c3a9d3c4b908aa0a22573101b3f8f384c70c7031) + +&#x200B; + +# Today's Macro and Micro Increase in Volatility: + +[VIX bases are increasing substantially in a 'crestor' pattern](https://preview.redd.it/cfoo3y6qf46a1.png?width=522&format=png&auto=webp&s=de6b972e8badbde1e515e9000ac258f5abf49175) + +# + +# Clear Rejections off of weekly moving averages: + +[This chart was presented a few days ago, but shown again today reveals that the rejection off of the 50 Week SMA had merit](https://preview.redd.it/22ndjrfbe46a1.png?width=875&format=png&auto=webp&s=f250137973411833cce624f129889f8d1500cd02) + +&#x200B; + +# GameStop Technicals + +[GameStop technicals show that the price is still supported, even with 70&#37;+ of the volume being due to short-sales over the last month, on average. From the monthly charting perspective, you can see just how low volume currently is \(you can't even see the volume bars it on the montly chart!\)](https://preview.redd.it/0boywoh7h46a1.png?width=467&format=png&auto=webp&s=7ca194b5ab1160f6bcbde9bb213599466ca01e06) + +&#x200B; + +# TLDR (conclusion) + +$.3 Trillion more will likely unwind from total margin/credit. This collapse is actively happening at a rate similar to 2008 and 1929. Further, risk-on peaks show a 2000-like collapse, and 2008 charts are very-well correlated with today's macro-market price action. NASDAQ should, by technicals, fall much further from here: by more than 4,000 points. VIX bases are growing parabolically, revealing a growing base of volatility similar to 2008. Markets have yet to see the associated 'mega-spike' in volatilty. Previous research has shown that volkswagen's '*alpha-omega-style'* short squeeze was merely a symptom: the result of unwinding of margin/credit in 2008 due to margin calls. + +Today, with the collapse of illicit crypto collateral - and *the* GameStop price runup still yet to occur - it can be concluded that GameStop's impending price increase *will* be a volkswagen-like-resultant-effect *due to* the crunch on margins/credit in the accounts of short-borrowers. This does not happen overnight, but all technicals point to the same picture: alpha-omega-style short squeezes like this are not the cause. Instead, they are the *result* of the unwinding of margin within the accounts of irresponsible hedge funds - that then result in margin calls - that then, in this case, *will* result in droves of the necessary GameStop share buy-ins. +Full disclosure: compared to most on this subreddit, I guess I'm looking more at chubbyFIRE than fatFIRE. Based on my current savings rate, I'll have $200-250K post tax income in retirement. + +We bought our current home for $360K. Based on some rough math, I figure that with our post retirement income we could buy a house worth double that and still be very comfortable. But we'd either be taking a decent chunk out of savings, or signing up for a mortgage again. I feel like the mortgage won't really matter though since we'll still have more than enough money leftover to do anything we want to do. I just can't shake the feeling that we shouldn't spend that much on a house, no matter how much I think it would be nice. + +So when you do finally retire, do you plan on upgrading to a fancy house? + +Edit: For clarity, fancy does not mean large. It just means high quality with features not found in cheaper homes. +My wife and I bought our house about 12 years ago. It's entirely in her name due to some advice we got at that time (I was a student with no fixed income) that it would be better that way. + +We got married and moved out of the city and have been renting ever since. After we moved we hired an agent and have had tenants in the house ever since. We never once thought about tax or mortgage issues - stupid, I know. I think with all the whirl of moving, a wedding and finding somewhere new to live we just didn't think about it. Possibly compounded by the fact that the rental income has always only ever just covered the mortgage plus agent fees, so we've never made a profit off it. + +My eyes were opened recently when I discovered that not only are we likely to have a giant tax bill to pay and fines to repay, but we may also be in trouble with the mortgage company as we obviously don't have a BTL mortgage in place. + +Does anyone have any experience of being in the same situation? I think I'm happy enough to get in touch with HMRC to admit our mistake and start to pay back what we probably owe (I've heard they're relatively lenient if you volunteer the info), but letting the bank know about the mortgage issue terrifies me - are they likely to offer us a BTL version of the mortgage? I can't find anything about that aspect of the things for this situation. + +Any and all thoughts appreciated! + +Thanks. +I heard from a couple of colleagues that they like to keep about $10k or more in extra cash/savings for “downtimes” or “market corrections”. Example: March/April 2020, they invested $10k instead of the normal $1k that they normally would. Is this a mistake (waiting for a downturn)? Or is it better to increase the monthly dollar cost averaging amount invested and only keep in cash what you actually need in regular savings? Does keeping cash like that hurt you overtime (i.e opportunity cost of keeping cash)? Advice is appreciated! Also, side note, what is a healthy amount to keep in savings/cash for a rainy day (in terms of either salary or expenses) in your opinion? +Obligatory: +First, non of this is financial advise&I'm not a financial advisor +Secondly, I'm not sure if this fits in DD since this is more psychology so mods please correct the flair if I'm using the wrong one. + +That being said: +I know y'all retarded apes don't want to read, but bear with me here. +The current fact we all first need to acknowledge is that the price of GME has dropped significantly, and that the volume, albeit still low, is higher than yesterday to say the least. People have started to sell, and other where on Reddit people are starting to belief this thing is all over and we're a bunch of cultists. +Now the question I know y'all want to know: Is it over yet? +Short answer:Likely not, but it depends on us. +The very basis of the reason many of us believe GME with go to the moon in the first place, that it is HEAVILY shorted, *still holds true*. According to the volumes for the last few days, the restrictions still going on, and the media fake-silver hype, the HFs likely haven't covered their positions yet. Many of them likely even added new ones, as they believe the price is going to fall. The potential for going to the moon is always there, it never changed. What has changed, and can potentially truly wreck this spaceship, is our mentality. Due to the price drop, which, started with the HFs with their dirty tricks, people are starting to panic, and this panic, which is caused by a false manipulation, CAN wreck GME. People are less likely to buy in as they're afraid this is not ending well, and people are more inclined to sell due to the dropping and seeing all the other people selling. +*Spamming 💎🙌💎🙌💎🙌 will NOT stop people from selling or panicking. It only serves to make them think we're a cult* + +*What to do* +What is important as of now, whether you're still in, already sold, or has been speculating the whole time thinking this is over and all these poor cultists are going to end up in shit. Is to understand, and not just blindly belief, that *the stock is still heavily shorted, and this fact NEVER changed*. If we all understand this fact we *win*. The only potential source of this failing is our doubt amongst ourselves. I urge everyone to take a deep breath, and ask yourself: *Do you really belief that the HFs are truly out?* If the answer is no, than the best thing we can do is to recollect ourselves, regain the faith(which should not be blind faith but faith backed by reason) we had in each other and in this stonk, and HOLD AND BUY. + +TLDR +*Our whole reason of doubt is our own doubt. The entire thing is a self-fulfilling prophecy. If we all believe we win we win, if we all believe we lose we lose.(Yes this includes you bystander, we are all in this together) The fundamental reason the we believed GME is going to the moon has NEVER changed. HAVE FAITH that is BASED ON REASON. Blind belief is NOT solid, and can only get you so far*. +The stock is at a low, and this is a great opportunity if you sold earlier to get back in again. If we come together and have faith in reason, we have a greater chance than EVER to send this to the moon, wreck Wall Street, whatever you're in this for at the beginning. +*Unity and belief in reason, not fear, makes us strong* +*GME TO THE MOON BUY AND HOLD* + +To rebuild faith in reason: +-Welcome discourse, don't call everyone a bot +-Actively engage in discussions and focus on the fact that the stock is still heavily shorted as ever +-Spam less emojis, more rational discourse, appear more collected so people don't think we're a bunch of crazy cults sinking with the ship +I turned in my car lease today and they offered me a $250 check and cancelled the turn-in fee. I asked them why and they gave some bullshit answer of “we like to help out our customers.” + + +I’m totally okay with this since I was fully prepared to pay the turn-in fee, I’d like to know why this happened if anyone has any idea. + + +Car: 2021 Honda Insight + + +Update: FML +Hi guys!I am new to the group. I have a question.Can i strart selling options and doing the wheel strategy with 5.000 $ into my account? Is this enought? Or i have to be patient until i save more.Thanks!! Happy trading! +I welcome thetagang's thoughts and reactions here. + +For the foreseeable future, I will be wheeling $4 million worth of TSLA. I'm selling deep OTM weekly CSPs. I'm selling around 5 Delta and the IV is usually \~100%. The goal is not to get assigned for as long as possible and have risk exposure for as short as possible which is why I'm selling weeklies. Mathematically, this approach implies around 13 consecutive trades until the odds of the assignment are about 50% so theoretically I should only be getting assigned about a handful of times a year. High-level thoughts on why I'm doing this: + +* I believe the bull market still has legs for at least the next few years; I am bullish on TSLA for the long-term and believe it will reach a multi-trillion market cap this decade. I think the current setup is ideal to wheel TSLA after its incredible 2020 run. The stock will probably consolidate for a while or rise at a much slower rate than last year +* In 2021, TSLA is now a mega-cap so short-term price action, while still quite volatile compared to other mega-caps, should not be as volatile as last year when it had a much smaller market cap prior to its massive run +* Related to bullet 2, I don't expect the bottom to fall out from TSLA to the tune of 25%+ in a one-week period. Such a crash in a one-week period has only happened a few times in its history, most recently last September when S&P inclusion was not announced as expected +* If TSLA crashes in a week and I get assigned, by selling very deep OTM, I am hoping to be at the bottom of the down-range. I will then sell reasonably far OTM CCs for the bounce +* Even if we enter a bear market and my puts come close to getting assigned in a given week but escape, I'll just continue selling them on the way down. I.E. I sell a 450 strike but TSLA crashes to 470 in a week...for the following week I'll just sell the 350 strike or whatever is the same 5 Delta equivalent +* By far the biggest risk I envision isn't related to TSLA, it's a sudden market crash ala March 2020 where all stocks shed 30+% in a very short window and the stock blows through my strike price +* I don't have the intestinal fortitude to take a concentrated position in any common stock. Historically I've YOLO'd into shares of one stock. I did VERY well last year but I'm not going to do that in this year's market. I no longer have the appetite for volatility that comes with owning millions of dollars of one stock. 5-10% drawdown days are simply too painful psychologically and in absolute dollar terms. I still think this bull market has legs...thus the CSP approach +* I can make \~20K a week on $4MM or \~25% annually which easily beats the historical market return. If I want less risk I can sell lower Deltas and get a smaller return +* I don't want to employ a more complicated options strategy +First, let me just say that I exclusively do a derivation of the wheel and have been for the last 2.5 years (before covid crash). With tax drag and with drawdowns, my performance is more turbulent and lower than buy and hold 100% s&p. + +Obviously the last two years are an anomaly, but I think generally speaking most wheelers I follow don’t expect to beat the s&p when taxes factored in. + +So here’s my question - why do it? Is it for the fun of it? Feeling of more control? Are most wheelers that do this with very large account doing it for income rather than trying to build the nest egg? I’m curious for those with large accounts that have been wheeling for a while what their perspective is. +For anyone interested in learning about the brokerage business: TP is considered by many to be an innovator, a talented trader, and to superstonk, a complete blabbering-buffoon! + +In his see and be see interview he is prompted by the interviewer (wonder why) to speak about the 'meme-stocks'. His opinion is understandably negative, because he is on the losing end of a potentially bankrupting trade. + +Some gems from TP to stuff your stockings: + +* margin debt is down 10% from the all-time-high. which is still high AF meaning essentially all of the bad actors are still over leveraged and on their heels. +* the interviewer mentions how far GME is down this year (appx 50%), (wonder why she would do that.......) for reference amaxon, also (appx 50%). A 50% off Christmas Special! WOOHOO! +* TP 'hopes' the 'meme' trend is dead. Spoiler, it's not... +* in his opinion, a company that has no debt and that is recently free-cash-flow positive after an extended stretch of unprofitability has 'no fundamental value' (um, wut?) +* his remarks on the SEC rule proposals: he selects an incredibly minute issue to favor and then all of the other rule proposals appear to be 'good for the customer' i.e. this will be bad for him. + +&#x200B; + +\~ to put a pretty little bow on it \~ + +TA:DRS. brokers are FUCKED and they KNOW GME IS NOT GOING AWAY + +741 prophecy !!! +Since investing in Vanguard funds and other assets around 6 months ago, I find myself obsessively checking my investments at least once a day. At the moment, daily performance has minimal bearing on my long term strategy of holding and letting compound interest work its wonders, but I feel like the constant checking could start to affect my mental health. So, I have a few open questions for you, UKPersonalFinance - + +* How often do you check your investments? +* Does how often you check your investments depend on the asset? i.e. house prices vs crypto +* If you feel like you're checking performance too much, how do you help regulate yourself? +He's calling out CEOs Adam Aron at popcorn and E-lawn Mooske at ElectricCAR co for publicly announcing they're selling stock in the company they run. + +Like, he's saying *"I am in no way paper-handing my GMEs unlike you-know-who are with their companies' stock."* + +That's it, no? I mean, my Tees are J-ed with this tweet but what has this all to do with tomorrow? + +I'm wayyyyyy out of the loop on many things so if there is linkage to tomorrow please enlighten under-rock dwellers like myself. + +***EDIT*** \- how could I forget - Burry is also short (or was short) tesslahhh and has been critical of its valuation for some time. + +***EDIT #2*** \ - obviously forgot the loopring angle so that gives it a new perspective +So the IRS has [released a draft of the W-4 for 2020](https://www.irs.gov/pub/irs-dft/fw4--dft.pdf) (PDF), which indicates withholding is undergoing a fundamental shift. Most notably, the concept of allowances is removed, no doubt due to the fact that personal exemptions no longer exist (the Tax Cuts and Jobs Act which became applicable for 2018 onward got rid of them). A [FAQ](https://www.irs.gov/newsroom/faqs-on-the-early-release-of-the-2020-form-w-4) goes over some of the reasoning and addresses key issues. + +My quick-look thoughts are this: + +##The old way + +(skip this if you already know the existing system or don't care!) + +For those that don't know how the old system worked, it was based on the concept of allowances. Each allowance corresponded to the value of a personal exemption. So for 2017, this was worth $4,050. So say you're a single person and not a dependent. You'd get to subtract $4,050 from your income right off the bat. If you were a couple with two kids, 4×$4,050. Note you still got the standard deduction ($6,350 for single) as well. + +So say you're single with no kids, or other income or deductions. The IRS would estimate your annual income (paycheck × pay_periods), subtract a small fixed amount to account for the standard deduction as it was larger than the personal allowance ($6,350-$4,050=$2,300), and then would subtract $4,050×(allowances), so 2 allowances was the proper figure (so for a $1,000 weekly paycheck the IRS figures taxable income will be $52,000-$2,300-2×$4,050) The IRS would guide you through this (enter "1" for yourself... enter "1" if not a dependent). + +But then the entire concept of personal exemptions went away for 2018. But to keep people happy, Congress nearly doubled the standard deduction (now $12,200 for single) and to handle kids (which were always in addition to the standard deduction), doubled the Child Tax Credit to $2,000. Note this $1,000 *credit* increase is worth about the same as a $4,050 *deduction* if you're in the (large and wide) 25% (now 22%) bracket. + +OK, so now there's no more personal exemptions. But people know what allowances are, so the IRS chose to keep things simple - not to mention the Tax Cuts and Jobs Act was passed into law December 22^nd 2017, giving the IRS four business days to enact the largest tax reform in 30 years, so it wasn't exactly a good time to overhaul the withholding system. + +## The new way + +###No more clunky conversions to allowances + +So what goes on now is essentially a more direct calculation of what was going on before: the IRS will use your paycheck to estimate your income (paycheck × pay_periods) and now they ask for additional income. + +Like before, they ask for deductions you expect, but now we're free from dividing by the "allowance number" ($4,200 for 2019). So if you expect say, $5,000 in deductions, you put down $5,000. Before you would figure $5,000/$4,200, drop a fraction (better to withhold too much) and put down 1 more, so withholding was really based on you getting a $4,200 deduction. + +Also like before, the Child Tax Credit, being so widely used, is handled explicitly. Unlike before, new figures are nice and easy: $2,000 per child. The 2019 system is downright amusing: it asks you to pick 4, or 2, or 1 allowances for each child, depending on your income. This is because if you're lower income (12% marginal bracket), you put 4 because a 4×$4,200 deduction is worth 4×$4,200×12% = $2,016, so close enough to $2,000. Same logic for 2×$4,200×22% and 1×$4,200×35%. + +###Emphasis on the IRS withholding calculator + +The IRS withholding calculator is mentioned twice in the line instructions and twice in the instructions. The W-4, like before, does not account for any YTD withholding, changes in income, or partial year jobs. So the IRS suggests their calculator, which does do this. It's accurate, and as you'll see next, good for privacy... + +###Privacy. Or: I don't want my boss to know I have multiple jobs and/or a huge investment account + +The W-4 has always operated in a bit of a mystery mode: you put in allowances, and if those allowances need to go down (say you expect $4,000 in investment income - you would need to drop an allowance) it's been okay because you only needed to hand in the top portion. If you put in 1 allowance vs 2, your employer wouldn't know why. + +The new form though, asks for additional income, and also has spots for indicating multiple jobs. What if you want to hide this? There IRS addresses the privacy issue in the FAQ and tells us there are three main options: + +1. Use the IRS withholding calculator. It spits out a number to put on 4c (additional withholding), and your employer doesn't know why. +2. Use a Worksheet (1) provided, that you keep for your own records (and don't turn in) +3. Check a two jobs box that basically splits the standard deduction and apply tax brackets among two jobs. This is similar to the "Married but withhold at the higher single rate" on the current W-4 and basically tells your employer to withhold as if you're single, which works if your jobs have similar incomes (since tax brackets and std deduction are just double for joint filers up to pretty high incomes). Note this option reveals to your employer you've got two jobs in the household. + + +## Next steps + +So that's it for now - the IRS has a few more steps to complete before we can figure out the finer details: + +* Provide instructions for employers +* Update the withholding calculator +* Update the $XX,XXX values in the tables + +Until then, the IRS is taking comments. I think this is a pretty great change, and more closely aligns with what withholding should be. +I just received a job offer from a competitor company. They’re offering 16k more in base salary and higher commission rates. The job is essentially the same role I’m in now and in. The same location so I don’t have to move. I don’t have all of the details on the benefits but I assume they’re similar also. + +I initially went looking for new opportunities to leverage a raise in my current job, which I received. But this is a pretty good offer. The stress of telling my boss I’m leaving and going through the onboarding process all over again/ meeting all new coworkers is making me concerned about taking it. + +What should I do? + +Update: just received another offer from a different company that is not a competitor for a similar raise. My recruiter is pushing for more money on that offer. +I have a SFH that is managed by a PM in LA. We had a family move in 6 months ago and every month they’re requesting so much in repairs, it’s endless. I previously lived there and the house was in perfect condition, before they moved in I even put in a new HVAC system. Examples of repairs: + +- Window is”janky” +- Fridge water filter needs to be replaced +- The cement ground where the garage door shuts on is uneven (earthquakes shifted it a hair) +- They wanted exterminators to come 3x a week to check rat traps. There were never rats in the house for all the years I lived there. +- Light bulbs need to be replaced. + +I even pay for landscapers every month. There are so many more requests it’s ridiculous. I’ve been firm with PM to start pushing back but every week it’s something new. Have any of you dealt with something like this? They are bleeding me dry! + +The list go +Hey Guys, + +33 year old single guy, saved up 80K for this. + +I am feeling super discouraged. I have been planning on buying a a duplex or small multifamily property for over 2 years, but after running the numbers on my area I literally cant find anything that comes close to cash flowing. This is the same case for single family. + +I am in Denver, CO and the market is insane. Even the far out suburbs or other towns in CO will not cash flow from what I have seen, and if they did they are not areas I would feel comfortable investing in. + +Since I will need to use the house as my primary residence in order to get the loan, do I have any options besides moving? I guess I could house hack and have 3 roommates, but when I move out after a year that wouldn't cash flow either. + +I know this is a super simple question, but wondering if anyone has been stuck with this dilemma and moved to somewhere you don't know anyone in order to start investing in real estate. I am currently bouncing around staying with friends since I can not figure out a plan of action. + +I don't really have any other options, do i? + +Hopefully you guys can help convince me to take the plunge. If anyone would be willing to chat with me about this, I would really appreciate it. +Hey all. I live in San Diego and Pheonix is an up and coming market. I reached out to a broker and received an inventory list but while talking to my landlord, she said her son is actively divesting all his inventory from Pheonix due to the looming water crisis there. She is a very successful investor herself. She recommended Reno as an alternative. Pheonix is much closer and therefore preferable for my first multi unit acquisition. What do you all think? Should I be worried about the Colorado river drying up and tanking one of the hottest markets going into 2022? Thanks! +Disclaimer: I have Aspergers and G.A.D. I’m struggling with independence and I’m being taught on the subject. + +I’ve been struggling with money. I have 169 dollars as my essential checking bank account, it used to have much more than that. Mostly in the thousands. Most of my money is spent on groceries, streaming services, restaurants, and some other things I’m forgetting. So a lot of it is going away. + +I'm trying to figure out a way to get more money. But how? + +I don’t want to spend so much of my money that I have very few to spend. + +I have been googling ways to get more money. Some of the methods I wouldn’t personally do. Like being a tutor, dog sitting, creating courses, etc. One idea is to blog or publish ebooks. Which as a creative type I can understand. However based on the tutorials I looked up on the subject, it’s much harder to get money by blogging or by publishing ebooks. + +How do I gain more money? Not just by working at a job, but by doing something to get more money easier. The question is, what? + +So I’m really stumped on what to do. This is hard for me because I want to buy things online but I might lose a lot of my money. I enjoy watching, reading, and playing media and that’s what I want to spend my money on. + +So how do I get money faster? How do I get more money? + +Edit: forgot to mention I already have a job that pays me. +**BACKGROUND** + +Segregated Witness (SegWit) was activated on the Bitcoin network August 24 2017 as a soft fork that is backward compatible with previous bitcoin transactions ([Understanding Segregated Witness](https://thewalletgenius.com/understanding-segwit-segregated-witness/)). Since that time wallets and exchanges have been slow to deploy SegWit, and the majority of users have not made the switch themselves. + +On Dec 18 2017 Subhan Nadeem has pointed out that: + [If every transaction in the Bitcoin network was a SegWit transaction today, blocks would contain up to 8,000 transactions, and the 138,000 unconfirmed transaction backlog would disappear instantly. Transaction fees would be almost non-existent once again](https://hackernoon.com/bitcoin-owners-you-need-to-do-these-two-things-right-now-a73122dd23d4). + +Mass SegWit use alone could empty the mempool, result in blocks that are not completely full, and make it possible to include transactions with $0 fee once again. + +[On Jan 11 2018 when BTC sends went offline at Coinbase the mempool began to rapidly empty. Later in the day when service was restored there was a sharp spike up in the mempool](https://twitter.com/JordanTuwiner/status/951698069967589376). Subsequently, that afternoon Brian Armstrong finally had to break his silence on the topic and admitted Coinbase is working on SegWit but has still not deployed it. It appears that this is an important data point that indicates if just a few major exchanges would deploy SegWit the high fees bitcoin is experiencing would be eliminated. + +SegWit is just one technique available to exchanges and users to reduce pressure on the Bitcoin network. You can make the switch to SegWit on your next transaction, and pressure exchanges to deploy SegWit NOW along with other actions that will reduce their transaction impact on the network. You can help by taking one or more of the action steps below. + +________________ + + +**ACTION STEPS** + +1. If your favorite wallet has not yet implemented SegWit, kindly ask them to do so immediately. If your wallet is not committed to implementing SegWit fast, speak out online any way you can and turn up the pressure. In the meantime start using a wallet that has already implemented SegWit. +2. If your favorite exchange has not yet implemented SegWit, try to avoid making any further purchases of bitcoin at that exchange and politely inform them that if they do not enable SegWit within 30-days they will lose your business. Sign-up for an account at a SegWit deployed/ready exchange now and initiate the verification process so you'll be ready to bail +3. Help educate newcomers to bitcoin about the transaction issue, steer them towards SegWit wallets from day one, and encourage them to avoid ever purchasing bitcoin through non-SegWit ready exchanges that are harming bitcoin. +4. Spread the word! Contact individuals, websites, etc that use bitcoin, explain the benefits of SegWit to everyone, and request they make the switch. Use social media to point out the benefits of SegWit adoption. + +IMPORTANT NOTE: The mempool is currently still quite backlogged. If you are a long-term holder and really have no reason to move your bitcoins at this time, wait until the mempool starts to clear and transaction fees go down before moving your bitcoins to a SegWit address or SegWit friendly exchange. + + +___________________ + + +**BEYOND SEGWIT - BATCHING, PAYMENT CHANNELS, LIGHTNING** + + +Batching is another great way that exchanges can reduce their fees. See: [Saving up to 80% on Bitcoin transaction fees by batching payments](https://bitcointechtalk.com/saving-up-to-80-on-bitcoin-transaction-fees-by-batching-payments-4147ab7009fb). Despite the benefits of batching, some exchanges have been slow to implement it. Users should demand this or walk. + +Beyond SegWit & Batching, Lightning Network integration will have even more effect. Lightning is now active and exchanges could setup payment channels between each other so that on-chain transactions need not take place. Some ideas have to outline how that might work are here: [Google Doc - Lightning Exchanges](https://docs.google.com/document/d/1r38-_IgtfOkhJh4QbN7l6bl7Rol05qS-i7BjM3AjKOQ/edit). Which two bitcoin exchanges will be the first to establish a lightning channel between themselves and offer free/instant transfers between them for their customers? This will happen in 2018 + + +______________________ + + +**MEMPOOL/SEGWIT STATISTICS** + +- [BitInfoCharts.com - Average Transaction Fees](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#3m) - $23USD per Tx +- [BitcoinFees.info - Next Block Fee](https://bitcoinfees.info/) - $14USD +- [Blockchain.info - Unconfirmed Transactions](https://blockchain.info/unconfirmed-transactions) - 131K unconfirmed Tx's +- [SegWit Charts](http://segwit.party/charts/) - 11% SegWit Tx's +- [Johoe's Bitcoin Mempool Statistics](https://dedi.jochen-hoenicke.de/queue/#1w) + + +_________________________________________ + + +**NEWS/DEVELOPMENTS/VICTORIES** + +- [Merged pull requests on SegWit. GUI support for SegWit in Core Wallet should happen on/before May 1 with the release of 0.16.0](https://www.reddit.com/r/Bitcoin/comments/7pmf8m/merged_pr_to_bitcoin_repo_segwit_wallet_support/) +- [Petition to Coinbase to Prioritize SegWit implementation on the Coinbase Bitcoin Wallet & GDAX Exchange passes 10,000](https://www.reddit.com/r/Bitcoin/comments/7op7vi/600_bitcoiners_signed_the_coinbase_segwit/) + + +__________________________ + + +**SELECTED TOP EXCHANGES BY BATCHING & SEGWIT STATUS** + +| Exchange | Segwit Status | Batching Status | +|---------------------|---------------|-----------------| +| Binance | *NOT READY* | **Yes** | +| Bitfinex | Ready | **Yes** | +| Bitonic | Ready | **Yes** | +| Bitstamp | **Deployed** | **Yes** | +| Bittrex | ? | **Yes** | +| Coinbase/GDAX | *NOT READY* | No | +| Gemini | Ready | No | +| HitBTC | **Deployed** | **Yes** | +| Huboi | ? | ? | +| Kraken | **Deployed** | **Yes** | +| LocalBitcoins | **Deployed** | **Yes** | +| OKEx | ? | ? | +| Poloniex | ? | **Yes** | +| QuadrigaCX | **Deployed** | **Yes** | +| Shapeshift | **Deployed** | No | + +Note: all exchanges that have deployed SegWit are currently only sending to p2sh SegWit addresses for now. No exchange will send to a bech32 address like the ones that Electrum generates + +[Source 1: BitcoinCore.org](https://bitcoincore.org/en/segwit_adoption/) + +[Source 2: /r/Bitcoin](https://www.reddit.com/r/Bitcoin/comments/7kherf/what_exchanges_batch_there_withdrawal_txs_to_save/) + +Official statements from exchanges: + +- Bitonic: [SegWit: In testing (including send from bech32). Batching: Have been for years. ](https://www.reddit.com/r/Bitcoin/comments/7mk8az/day_5_i_will_post_this_guide_regularly_until/drv127w/?context=3) +- [Coinbase: working on batching transactions, SegWit, and a number of other strategies to improve transaction backlog. Thx for bearing with us!](https://twitter.com/brian_armstrong/status/951869357931425792) +- Kraken: [Deposits are made to Segwit addresses and withdrawals are sent in Segwit format, but frontend presentation is pending full implementation/support in wallets such as bitcoin core.](https://twitter.com/krakenfx/status/949547526847307776) +- Shapeshift: [We don't order batch, but we will get to it. So much engineering to do :/](https://twitter.com/ErikVoorhees/status/947994430606229504) + + + +___________________ + + +**SELECTED WALLETS THAT HAVE SEGWIT ALREADY** + +Make sure you have a SegWit capable wallet installed and ready to use for your next bitcoin transaction + +| SegWit Enabled Wallets | Wallet Type | +|------------------------|-------------| +| Ledger Nano S | Hardware | +| Trezor | Hardware | +| Electrum | Desktop | +| Armory | Desktop | +| Edge | iOS | +| GreenAddress | iOS | +| BitWallet | iOS | +| Samourai | Android | +| GreenBits | Android | +| Electrum | Android | +| SegWitAddress.org| Paper | + + + + + + +______________________ + +**FAQs** + +###### If I'm a HODLer, will it help to send my BTC to a SegWit address now? + +> No, just get ready now so that your NEXT transaction will be to a SegWit wallet. Avoid burdening the network with any unnecessary transactions for now. + +###### Why is SegWit adoption going so slowly? Is it a time-consuming process, is there risk involved, is it laziness, or something else? + +> SegWit will require some extra work to be done right and securely. Also, most exchanges let the user pay the fee, and up to now users have not been overly concerned about fees so for some exchanges it hasn't been a priority. + +###### Once Segwit is FULLY adopted, what do we see the fees/transaction times going to? + +> Times stay the same - fees will go down. How much and for how long depends on what the demand for transactions will be at that time. + +###### What determines bitcoin transaction fees, to begin with? + +> Fees are charged per byte of data and are bid up by users. Miners will typically include the transaction with the highest fee/byte first. + +###### Can you please tell me how to move my bitcoins to SegWit address in Bitcoin core wallet? Does the sender or receiver matter? + +> The Bitcoin core wallet does not yet have a GUI for its SegWit functionality. Download the latest version of Electrum to generate a SegWit address. + +> A transaction between two SegWit addresses is a SegWit transaction. + +> A transaction sent from a SegWit address to a non-SegWit address is a SegWit transaction. + +> A transaction sent from a non-SegWit address to a SegWit address is NOT a SegWit transaction. You can send a SegWit Tx if the sending address is a SegWit address. + +> [Source: HowToToken](https://howtotoken.com/explained/send-bitcoin-faster-cheaper-SegWit-transactions) + +###### What wallet are you using to "batch your sends"? And how can I do that? + +> Using Electrum, the "Tools" menu option: "Pay to many". + +> Just enter your receive addresses and the amounts for each, and you can send multiple transactions for nearly the price of one. + +###### Why doesn't the Core Wallet yet support SegWit? + +> The Core Wallet supports SegWit, but its GUI doesn't. The next update will likely have GUI support built-in + +###### Why isn't a large exchange like Coinbase SegWit ready & deployed when much smaller exchanges already are? Why do they default to high fees? Where is the leadership there? + +> Draw your own conclusions based on their own words: + +> [March 2016 - Coinbase CEO Brian Armstrong has reservations about Core](https://blog.coinbase.com/what-happened-at-the-satoshi-roundtable-6c11a10d8cdf) + +> [Dec 2017 - Coinbase is STILL working on Segwit](https://blog.coinbase.com/bitcoin-segwit-update-3ab0484e4526) + +______________________ + + +**P2SH/bech32 FAQs** + +###### What are the two SegWit address formats and why do they exist? + +> It's been a challenge for wallet developers to implement SegWit in a way that users can easily and without too much disruption migrate from legacy to SegWit addresses. The first wallets to enable SegWit addresses – Ledger, Trezor, Core, GreenAddress – use so-called “nested P2SH addresses.” This means they take the existing Pay 2 Script Hash address – starting with a “3” – and put a SegWit address into it. This enables a high grade of compatibility to exist wallets as every wallet is familiar with these addresses, but it is a workaround which results in SegWit transactions needing around 10 percent more space than they otherwise would. + +> Electrum 3.0 was the first wallet to use bech32 addresses instead of nested p2sh addresses. + +> [Source: BTCManager.com](https://btcmanager.com/electrum-3-0-first-wallet-enable-bech32-segwit-addresses/) + +###### What is the difference in address format between SegWit address formats P2SH and bech32? + +> P2SH starts with "3..." + +> bech32 starts with "bc1..." + +###### Which addresses can I send from/to? + +> P2SH Segwit addresses can be sent to using older Bitcoin software with no Segwit support. This supports backward compatibility + +> bech32 can only be sent to from newer Bitcoin software that support bech32. Ex: Electrum + +> [Source: BitcoinTalk.org](https://bitcointalk.org/index.php?topic=2347427.msg23976364#msg23976364) + +###### Why did ThePirateBay put up two Bitcoin donation addresses on their frontpage, one bech32 and one not? + +> The address starting with a "3..." is a P2SH SegWit address that can be sent BTC from any bitcoin address including a legacy address. The address starting with a "bc1..." is a bech32 SegWit address that can only be sent to from newer wallets that support bech32. + +____________________ + +**SEGWIT BLOG GUIDES** + +- [HowToToken.com - How To Send Bitcoin Faster And Cheaper Over SegWit Transactions](https://howtotoken.com/explained/send-bitcoin-faster-cheaper-SegWit-transactions/) +- [BTCManager.com - Electrum 3.0 is first Wallet to enable Bech32 SegWit Addresses](https://btcmanager.com/electrum-3-0-first-wallet-enable-bech32-segwit-addresses/) + +______________________ + +**PREVIOUS DAY'S THREADS** + +There's lots of excellent info in the comments of the previous threads: + +- Day 1: [If every Bitcoin tx was a SegWit tx today, we'd have 8,000 tx blocks & the tx backlog would disappear. Tx fees would be almost non-existent once again. THE NEXT BITCOIN TX YOU MAKE, MAKE IT A SegWit TX. DOWNLOAD A SegWit COMPATIBLE WALLET AND OPEN A SegWit COMPATIBLE EXCHANGE ACCOUNT RIGHT NOW](https://www.reddit.com/r/Bitcoin/comments/7kyzxn/if_every_bitcoin_tx_was_a_SegWit_tx_today_wed/?utm_content=comments&utm_medium=user&utm_source=reddit&utm_name=frontpage) +- Day 2: [I will repost this guide daily until available solutions like Segwit & order batching are adopted, the mempool is empty once again, and transaction fees are low. You can help. Take action today](https://www.reddit.com/r/Bitcoin/comments/7l9tda/day_2_i_will_repost_this_guide_daily_until/) +- [Day 3: ARE YOU PART OF THE SOLUTION? News: Unconfirmed TX's @ 274K, more exchanges adding SegWit, Core prioritizes SegWit GUI](https://www.reddit.com/r/Bitcoin/comments/7ljpf5/day_3_i_will_repost_this_guide_daily_until/) +- [Day 4: Unconfirmed TX's @ 174K](https://www.reddit.com/r/Bitcoin/comments/7m6zd0/day_4_i_will_repost_this_guide_daily_until/) +- [Day 5: I will post this guide regularly until available solutions like SegWit & order batching are mass adopted, the mempool is empty once again, and transaction fees are low. User demand from this community can help lead to some big changes. Have you joined the /r/Bitcoin SegWit effort?](https://www.reddit.com/r/Bitcoin/comments/7mk8az/day_5_i_will_post_this_guide_regularly_until/) +- [Day 6: I will post this guide regularly until available solutions like SegWit & order batching are mass adopted, the mempool is empty once again, and tx fees are low. Refer a friend to SegWit today. There's no $10 referral offer, but you'll both get lower fees and help strengthen the BTC protocol](https://www.reddit.com/r/Bitcoin/comments/7na2xb/day_6_i_will_post_this_guide_regularly_until/) +- [Day 7: I will post this guide regularly until available solutions like SegWit & order batching are mass adopted, the mempool is empty once again, and tx fees are low. Do you want low tx fees, because this is how you get low tx fees](https://www.reddit.com/r/Bitcoin/comments/7ojt5f/day_7_i_will_post_this_guide_regularly_until/) +- [Day 8: I will post this guide regularly until available solutions like SegWit, order batching, and Lightning payment channels are mass adopted, the mempool is empty once again, and tx fees are low. BTC Core SegWit GUI coming May 1, Coinbase incompetence exposed, more exchanges deploy SegWit](https://www.reddit.com/r/Bitcoin/comments/7q44av/day_8_i_will_post_this_guide_regularly_until/) +https://www.news.com.au/finance/real-estate/morgan-stanley-forecasts-aussie-house-prices-to-plummet-20-per-cent/news-story/a8b2a1db6b43825d956c6b09a29dc569?amp +Everyone loves a good Monday dip for the chips! I bought more today. The pressure makes sense. They are burning capital through buying more shorts and interest. So in turn, they have to push the price of the stock down to prevent getting margin called. It used to be 350 they were fighting so hard against. Then SLR reverted. So they needed more liquidity to continue to play. Now it’s maybe around 200 last week and maybe 180 this week? Who really knows anymore. Take the aggressive action as good news. I think we will see more sales before this thing gets popped off. I always hold a little capital for another 200 shares or more. Never can be too sure but I love tickets for the 🌚. Buy the dip, they are losing daily. It costs nothing to HODL! Love you 🦍! +Since I was 21 I've been working telecom in rural Alaska. + +The pay was good but the work was often 80-100 hours a week with chances of being weathered in or working at sub -40 temps. + +After 10 years I think I'm finally done, I've hit my coast point. + + +I started in 2007 but didn't keep records till 2011 + +Rough net worth and pay: + +2011: 105 k NW, 77 k Pay + +2012: 135 k NW, 85 k pay + +2013: 186 k NW, 89 k pay + +2014: 247 k NW, 115 k pay + +2015: 301 k NW, 105 k pay + +2016: 363 k NW, 110 k pay + +2017: 591 k NW, 120 k estimated pay + + + + + +I've lived beneath my means, biked to work, etc. But I had a few extra pushes along the way. + +1. My job payed for most of my food, as I was usually travelling in and out of the villages. + + +2. a 10% match on my 401k. So I could usually max it out by putting in 20% ($17500ish) and the company would usually match about $8,000. The numbers were always a bit hazy due to my hourly position and frequent overtime. + +3. Since I was rarely in town I bought a bit of land and built a dry cabin on it. I estimate I saved nearly 100k with that alone. + +I'm on track for about 2900 hours for the year and 120k depending on how the next few months go. + + +But that's it. I swore I'd keep this job till I got to 600 k, I turned in my 2 months notice and am going back to college next semester. + +I wasn't a good student when I was younger, had a lot of growing up to do. I just wanted to throw out an example of someone attempting FIRE with just a high school diploma. + + +It sounds corny but what really got me into FIRE is this comic http://www.smbc-comics.com/?id=2722 + +That's the story so far, full time college starts soon and while I'm sure I'll keep reading this sub I doubt I'll have much to contribute until my next career fires up. + +I've enjoyed reading about other people's journeys, and it's made the last 3 years a lot more bearable. I'm happy to answer almost any questions about mine. + +Hey folks, + +Me: 30, $100k+ gov job, $200k in piggy bank. Want to buy a house/property in the next 12 months. Permanent government job but it is in an incredibly niche operational shit job, involves 24/7 shift roster and is completely dead-end job that teaches me no marketable skills or experience (got to trust me on this one) + +I might be in the running for a government graduate program as a Data Analytics/Scientist monkey. It would be a big paycut from $105k --> 65k but it is what I have been studying for the last year. I'm hoping that after my grad year I can springboard back into a $100k+ role easily and will be happy going down the analytics/scientist path (and maybe into CS if I can pick up my python game). I think I can apply for a career break so if it doesn't work out for some reason I always have a job to go back to. + +What would y'all do if you were in me boots? +Hi all, + +I��m just looking for some advice on what to do with excess cash after bills each month. Any help or ideas would be good. I’m 30, earning £48k and after I’ve paid out all my bills and food I’m left with £1,700 a month. + +I’m not currently saving (hence this post) and was previously moving £200 a month into an investment account but paused that as some investments are tanking. I have £3.1k in that account. + +In terms of future expenditure, I have a trip to Spain for a week in September and New York for 4 days in December where I’ll likely pop the question (haven’t put money aside for of these three expenditures). + +Does anyone have a general rule of thumb or if you’re in a similar position, what do you do? I do not have an emergency fund. + +Note: I understand it’s a fortunate position, please don’t see it as a brag, genuinely just after some sound advice. + +EDIT: Some decent comments here, some just need more information before they make such brash comments though… + +This is a new job, so first full pay check has left me with that amount left over. I’ve not spunked £1.7k a month of disposables, this is a new much higher amount! I’ve got a decent pension already, pay in 4% and get 12% back it’s around £640 a month going into that. I have a house too (recently - hence no huge savings). + +Noted carry on investing, thanks for that and thanks for the rest of tips! +China is done for most likely 2020. The Chinese government is publicly stating that there are over 35,000 confirmed infections/cases (which cannot be trusted). Boots on the ground are saying the real number of infected is much higher (with some even claiming the figure is 1.5 million infected with countless diseased bodies being cremated daily which may well just be FUD). It is without question that there are between 140-250 million Chinese citizens currently sequestered in their homes in quarantined cities and large swaths of the country are ghost towns on lockdown with nothing coming in/out. I tend to split the difference between good/bad news, but the trending news from +China has not been giving me any comfort. + +Every time positive news breaks (e.g. Chinese factories reopening on the 10th, number of infected in Wuhan has already peaked, disease only fatal to elderly and babies, mortality rate of infected projected to be 2%, infection survivors build lasting antibodies to combat re-infection, etc.) it is inevitably followed by reversals (e.g. factories to “voluntarily” remain closed until March 1st, Wuhan infections based on “current data” projected to peak at least two weeks out, Chinese companies attempting to cancel commodities contracts, disease affects young and healthy alike, mortality rate of infected projected to be 5%-25% and requiring non-stop oxygen supply for 2 weeks, reinfection rate high as no lasting antibodies remain after infection to combat virus, etc.). This situation is by no means contained and is still developing in real time. China for all intents and purposes is now under martial law. + +[The Guardian - WHO States Virus Solely Tip Of Iceberg](https://www.theguardian.com/world/2020/feb/10/coronavirus-who-warns-spread-by-people-who-had-not-visited-china-could-be-tip-of-the-iceberg) + +[Beijing Officially On Lockdown](https://gnews.org/109102/) + +[Video: Chinese Citizens Desperate To Escape Quarantine](https://twitter.com/ischinar/status/1226707620909719554?s=21) + +[Taiwan News: China Increases Quarantine to 80 Cities](https://www.taiwannews.com.tw/en/news/3873964) + +[Strait Times: China Reveals Virus Mortality Rate In Excess of 4%](https://www.straitstimes.com/asia/east-asia/coronavirus-hubei-province-reveals-fatality-rate-for-first-time-wuhan-comes-in-second) + +[Bloomberg: Chinese Banks Prepare For Economic Collapse and $800 Billion In Bad Loans Resulting From Virus](https://www.bloomberg.com/news/articles/2020-02-09/china-s-battered-banks-brace-for-worst-case-economic-scenario) + +[NPR: China Has Suppressed and Censored Information Regarding Outbreak](https://www.npr.org/sections/goatsandsoda/2020/02/08/803766743/critics-say-china-has-suppressed-and-censored-information-in-coronavirus-outbrea) + +[Video: Chinese Military Digging Mass Graves For Virus Dead](https://twitter.com/pampit_/status/1226734309689528320?s=21) + +[Chinese Government Tells Businesses To “Voluntarily” Stay Closed Until March 1st Or Face Severe Punishment ](https://twitter.com/caolei1/status/1226117644811550722?s=20) + +[Reuters - Global Firms’ Insurance Coverage Does Not Cover Losses From Virus](https://www.reuters.com/article/us-china-health-insurance/many-global-firms-excluded-from-epidemic-insurance-face-heavy-coronavirus-costs-idUSKBN1ZS1CU) + +[NewsHub: China Confirms Virus Airborne](https://www.newshub.co.nz/home/world/2020/02/coronavirus-is-airborne-chinese-officials-confirm.html) + +[Financial Times: Energy Braces For 25% Drop in Chinese Demand](https://www.ft.com/content/6a108d2a-4830-11ea-aee2-9ddbdc86190d) + +[Epoch Times: Virus Survives For Prolonged Periods](https://m.theepochtimes.com/chinese-officials-warns-of-aerosol-infection-as-coronavirus-spreads_3231971.html/amp?__twitter_impression=true) + +[Video: China’s Public Numbers Cannot Be Trusted](https://twitter.com/vog_2020/status/1225932747555762179?s=21) + +[Bloomberg: China Sacrifices An Entire Province In Effort To Contain Virus](https://www.bloomberg.com/news/articles/2020-02-05/china-sacrifices-a-province-to-save-the-world-from-coronavirus?utm_source=twitter&amp;amp;amp;amp;amp;amp;utm_campaign=socialflow-organic&amp;amp;amp;amp;amp;amp;cmpid=socialflow-twitter-business&amp;amp;amp;amp;amp;amp;utm_medium=social&amp;amp;amp;amp;amp;amp;utm_content=business) + +[NY Post: China Admits Defeat And Finally Accepts Foreign Aid To Contain Virus](https://nypost.com/2020/02/08/china-finally-accepts-help-in-battle-against-coronavirus-after-35000-infected/) + +[NY Times : China Delayed Virus Response For 3 Weeks](https://www.nytimes.com/2020/02/01/world/asia/china-coronavirus.html) + +[Daily Mail: Chinese KFC Worker Infected With Virus For Weeks](https://www.dailymail.co.uk/news/article-7983815/KFC-worker-diagnosed-coronavirus-company-shuts-thousands-restaurants-China.html) + +[BNO: China Quarantines Baodi District Near Beijing](https://twitter.com/bnodesk/status/1226290936562536448?s=21) + +[The Times: UK Faces Major Virus Outbreak](https://www.thetimes.co.uk/article/uk-faces-major-coronavirus-outbreak-warns-world-expert-wxf628g75) + +[SCMP: Hong Kong Identifies 8 New Infected Raising Minimum Infected to 35](https://amp.scmp.com/news/hong-kong/health-environment/article/3049694/hong-kongs-top-officials-assure-public-sufficient?__twitter_impression=true) + +[Reuters: China Stops Foxconn From Reopening Factories](https://www.reuters.com/article/china-health-foxconn-idUSL4N2A803T) + +[Financial Times: Chinese Commodity Traders Renege On Shipments ](https://www.ft.com/content/e3d6b116-4975-11ea-aeb3-955839e06441) + +[Yahoo News: China Reneges On Commodity Deals](https://finance.yahoo.com/news/chinese-gas-buyer-cnooc-declares-064044988.html) + +[CNN: Virus Death Toll Quickly Surpasses Total Number of SARS Deaths](https://www.cnn.com/asia/live-news/coronavirus-outbreak-02-09-20-intl-hnk/index.html) + +[Video: Chinese Governments Entombing Citizens In Attempt To Curb Virus](https://twitter.com/scotjock/status/1226360772311339008?s=21) + +[Daily Mail: China Hunting Down Those Suspected Of Infection](https://www.dailymail.co.uk/news/article-7980883/amp/Video-shows-officials-protective-suits-dragging-suspected-coronavirus-carriers-homes.html?__twitter_impression=true) + +[Nigeria Raises Alarm Over Strange Epidemic Outbreak](https://todaynewsafrica.com/breaking-nigeria-senate-raises-alarm-over-strange-epidemic-outbreak-in-benue-that-has-killed-15-and-infected-104/) + +[John Hopkins Virus Analysis](https://gisanddata.maps.arcgis.com/apps/opsdashboard/index.html#/bda7594740fd40299423467b48e9ecf6) + +[Video: Chinese Quarantined Cities Are Ghost Towns](https://twitter.com/ncovnews/status/1226371577865887745?s=21) + +[Daily Mail: China Begins Mass Arrests Of All Those Suspected Of Infection](https://www.dailymail.co.uk/news/article-7980883/Video-shows-officials-protective-suits-dragging-suspected-coronavirus-carriers-homes.html) + +[Forbes: Wynn Losing $2.6 Million Per Day In Macau](https://www.forbes.com/sites/sergeiklebnikov/2020/02/07/casino-operator-wynn-resorts-is-losing-up-to-26-million-per-day-from-coronavirus-shutdown/) + +[SCMP: China Locks Down Hangzhou](https://www.scmp.com/video/china/3049363/china-locks-down-hangzhou-mega-city-far-epicentre-coronavirus-outbreak) + +[The Independent: Macau Becomes Ghost Town With Casinos Shut Down At Least Until February 20](https://www.independent.co.uk/independentpremium/world/coronavirus-china-macau-casinos-closed-outbreak-latest-a9324296.html) + +[SCMP: No Lasting Antibodies For Virus Raising Fears of Re-Infection For Those Cured](https://amp.scmp.com/news/china/society/article/3048320/china-coronavirus-deadly-day-hubei-record-high-42-patients-die) +I fucking love every one of you. I don't know how this is going to play out. + +I have health problems that could cause problems 2 days from now or 2 years from now. I genuinely hope I get to see how this entire situation ends but if I can't I want there to be a digital record of the fact that I held with you all. . That I saw everything the same way you all did... that despite all odds the little guy had a chance for once in this systematically corrupt system. + +I look forward to every day I wake up despite being in an increasingly dogshit situation in my personal life. + +I have no wife, no Gf , no kids, a family that is disappointed in me and only 1 friend I trust.. . But my ape fam keeps me going right me. I've never met any of you but yet I feel we are connected in so many ways. + +Im not a religious person but I pray the squeeze happens to restore my faith in an otherwise hopeless outlook on how day to day life operates.. and I wish nothing but the best for each and every one of you. + +Godspeed. +Can't stop, won't stop, gamestop.. +Hi everyone, I am part of the team at Charitas Protocol and wanted to invite you to be part of our growing community. +I am sincerely reaching out because I truly believe in this project and would like to invite you to be a part of it. + +Charitas is a community lead Charity protocol where the community gets to vote on which charities and causes should receive donations. + +The vision is to improve charity by making it more transparent, honest, and effective. By allowing voting, the community can also be flexible in donating to urgent causes or catastrophes. + +Charitas is one week old and sitting just under 1M market cap after having a very successful launch which saw ATHs around 2.5M after only 2 days. Since then, many whales have sold but the community and holders is growing steadily. + +Charitas has already made 5 charity donations (proof on their website) in just their first week. + +They have also announced partnerships with MMA fighter Rory MacDonald (will announce after his fight April 29) and @runandlift on Instagram who will be part of the influencer outreach team. + +The goal is to bring as much visibility to the project as possible so that donations can scale. 1% of all volume is donated to charity. + +The team is fully doxxed on Linkdin and have weekly live AMAs. They are very honest and transparent and inspire confidence in their investors. + +I encourage you to DYOR and check them out to see what they're building to try to help the world become a little better 🙏🏼 +The devs are active on telegram. Feel free to ask them questions! + +Website: https://charitas.fund + +White Paper and Proof of Donations on website + +Buy now: https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x6466849a30247D90f0c228A6c4b6b106ff18cAB9 + +Telegram: https://t.me/charitasfund + +Discord: https://discord.gg/aDtzBSUV + +Reddit: https://Reddit.com/r/charitas +The S&P 500, currently at 3800, has a P/E ratio of around 19 and a half, down from the 30+ it was last year. If we revert to the mean of 15 in terms of PE, we’re looking at a 25% drop from here which takes us to 2850. The scenario of complete reversion to the mean is tied to a 30 year treasury yield reverting to its long term average of 6.29%, which seems unlikely unless inflation expectations really get out of control in the next years. +So let’s say this is the worst case scenario. + +Then we have earnings contraction, latest estimates by Goldman are around 11% in the next 2 years. +That would take us from 2850 to 2536. + +Would you consider 2500 a good approximation for a worst case scenario, in which earnings come down and inflation is not tamed? + +I am wondering when to enter this market in a major way, and 3200 seems like a good point to start averaging down. In my mind, if the worst case is to 2500, it is a 22% decline from 3200, very bearable psichologically. +My investment time horizon is 20+ years, so not too worried about the incoming recession. Not trying to pick the bottom, just curious about how bad things can get. + + +This is a bit fucked up. I’m super disappointed it’s mother’s day and I had to tell my mom that my wife is pregnant with our boyfriends baby and I couldn’t even gift her a lambo. I didn’t even take my own advice about the clown world pyramid scheme and decided that GME should be able to feed me instead of billionaires who definitely have my best interest at heart. + +&#x200B; + +https://preview.redd.it/qje5tihy16y61.png?width=442&format=png&auto=webp&s=ddb04aaf05b118e648bbca508f76a9928f4365b1 + +So, here’s another little bit of info I am interested in seeing what everyone else thinks. + +&#x200B; + +https://preview.redd.it/hd7lfju726y61.png?width=709&format=png&auto=webp&s=e686b80c17fa778247c8b735a6cea90a8f664d8a + +After reading some DD over the weekend about Citadels balance sheet, the hypothesis about their algo betting against retail, and creating a short position depending on a purchase because the average rate of hodl has gone from 7 years –> 100 days, and how auditors held the cards in 2008 and profited $300M+ when Lehman and Bears went belly up, I think we are on to something fucked when we see their X-17A-5 in the next week (might be longer because we know these guys are ok with fines from the SEC instead of submitting filings on time). + +I’m going to dissect their balance sheet a bit here and create a hypothesis on how this legit almost bankrupted the system, and how they tried to hide this when the upcoming bloodbath occurs. + +Their 13F-HRs will be revealing if they chose to actually input their GME puts and naked data, and Kenny Boi just received a lifetime achievement of best risk management (haha until now I guess – and whoever makes that decision must have made a boatload of money off the guy). + +Anyway, here we go. + +&#x200B; + +https://preview.redd.it/wopokx9f26y61.png?width=618&format=png&auto=webp&s=ffcb8c54eeaf652e59aa8d6f74d4cab06f79f801 + +These lines in the next week are going to be pretty revealing. **EVERYONE HAS TO FILE THEIR 13F BY FRIDAY.** + +Securities sold, not yet purchased is already a huge liability for them, only balanced in their by securities owned. + +&#x200B; + +https://preview.redd.it/k4zfjazk26y61.png?width=613&format=png&auto=webp&s=e108ff49a004cc23d57082fda935799e3cfc3eaf + +One thing about GME, is the price *was* $18.84 on Dec 31, 2020. + +&#x200B; + +https://preview.redd.it/8h267wkn26y61.png?width=1896&format=png&auto=webp&s=6653a068f0eab575514885a8cbb8bc5ea2b72b0f + +Their net naked position based on these numbers are as follows: + +&#x200B; + +[Negative for purpose of short position](https://preview.redd.it/ixjzfgir26y61.png?width=321&format=png&auto=webp&s=a0f60913e2fa5e167fc9bbbd4c0f001565f08fc0) + +Ill use puts as a negative as this would be the shares they *have* to purchase at market (if they stayed naked puts in this case) + +In December, GME was nothing but a $5,525,169.12 liability on their balance sheet. 293,268x18.84. Net naked puts would be 2933. Someone correct me if I'm wrong, but I don't think so ;). + +So for some reason, they thought they should increase their GME put position by 35k puts? That seems weird (and absurd unless you really wanted to bankrupt a company or had insider info into the fact that they would bankrupt) which is why the hypothesis of creating a position every time an order was routed through their securities arm makes sense. + +I can’t see a multibillionaire being that concerned about some small retailer position, unless for some reason your retail screwing arm (robbinhoods) had some specific code you piggybacked off to help fuck over retails impatience. + +Anyway, lets throw some more quick napkin maths out. They obviously would have had a huge liability on their books (3,700,000 shares \* $20 = $74M). With retail starting to realize Blackrock, Vanguard, RC Vent, and DFV were posting share buys for long positions and causing upward buying pressure compared to day trading dummies, we see that **130x** buying pressure that someone whispered. 3,700,000\*150 (or 300 or 480) = anywhere from 550,000,000 to 1,775,000,000. Not to mention the float is fucking TINY like.. well.. + +&#x200B; + +https://preview.redd.it/td68l7mu36y61.png?width=428&format=png&auto=webp&s=1f209d547aea8afbdfea3dd85ef5f0679e2b504b + +That is **JUST CITADEL** having to go to market to buy 3.7 million shares. Not to mention Melvin, Suspecthanna, BagHolders One, etc. AT THE SAME TIME TO HEDGE THEIR PUTS. The upward buying pressure would have caused GME to legit go to (warden if you want to speak up here), I dunno, 2, 3, maybe 4K? Not to mention retail and day traders realizing the massive fuckup and buying in? Maybe 5-10K if they were lucky. + +If we quantitatively take into account the algo **HAVING** to buy at whatever price to hedge the bet (because you cant sell option calls quick enough), then they are talking losses of *probably* (in order to beat theirs and the others algos) of $10-20B, *each* (if going by ratio of citadels alone necessity to buy). + +Here’s the fun part. + +Can you imagine Citadel having an \~$20B loss on their balance sheet? They are a $300B+ hedgefund. They would feel a sting (if the market remained without any changes). These losses would have flowed to their income statement, then their retained earnings, which would have caused *a lot* of investors to pull some funds. I mean, if your money guy lost 30% of their balance sheet, would you trust them? + +&#x200B; + +https://preview.redd.it/t3msujxh46y61.png?width=425&format=png&auto=webp&s=904ed190e820600cbbfae1c318b1ce2ea3632623 + +Let’s look at how this creates an even bigger issue beyond Citadel. + +Suspecthanna, would have folded and had their fund liquidated *immediately*. Melvin, would have had their portfolio liquidated *immediately*. This would have created a **FUCKING MARKET BLOODBATH**. Completely unbeknownst to anyone other than DFV apparently who was combing through these filings and throwing out his knowledge the best he could. The banks got caught with their pants down. Funds short got caught with their pants down. **THE ENTIRE MARKET WOULD HAVE COLLAPSED** (speculation, but my napkin math and knowledge is pretty fucking close I think). That’s why this wasn’t (and there was not) a margin call. They were scared of margin calls. The banks, DTCC, everyone else who waived the problem that became so close, was scared that they didn’t know it was going to happen. Now, they know, and have had to create a nightmare to hopefully hedge some positions that have been created. That’s why we have been seeing market crash news randomly on marketwatch and CNBC, etc. That’s why we have been seeing GME pop back up in popular places. Billionaires are offloading wives in order to save some fortune when this bubble pops. They can’t let it not pop, and they know they have to let it happen to maintain the face of a free and fair international market that has been 100 years in the making. + +This is going to happen, and the only reason it didn’t sooner was because they couldn’t let retail have all the tendies, it would have legit caused a transfer of wealth. The wealth will transfer, just from where it can be sacrificed. Smart money is moving it to places that is just going to continue to feed the status quo. + +The gme meltdown stuff is to demoralize enough to sell so they can retain some control over how high this really goes. It isn’t about chirping us. Just making each other second guess. Be patient, read the DD (double check everything because even the dumbass shills are trying to post DD now, and think we wont notice that 13F fillings differ from what they are trying to say). Small puts like Cowen and Co, are going bankrupt because they cant unwind their positions or hedge them. Big securities dealers HAVE to sell to retail because we aren’t pros and don't have insider knowledge, we just like the stock. They HAVE to sell it to us. Funds, that is different. Selling to funds means they can shut down their buying because they cant find the shares. Weird shit is going on behind the scenes that we can't see. And they are about to let the bomb go off because it can’t be diffused. + +&#x200B; + +https://preview.redd.it/w7ss7qzl56y61.png?width=427&format=png&auto=webp&s=6c0a45715a64cb3e19a28ec360893972d2f72b0b + +Who is on the losing side? Anyone with a put that they can’t write off. Why not sell them? Because who the fuck is going to buy a put on GME right now lmao. I would literally hang up the phone on some idiot asking. Otherwise, these small guys, would have offloaded them already. But they can’t. + +Anyway, this will blow up in their face. I am confident and hope you guys are too (200k of you because my reader average is about 500). Just hold, relax, and be smarter than the shorts and people trying to convince you otherwise. + +Cheers guys. + +Edit: sorry guys I have something backward, my bad. They are most likely the owners of their naked puts, but are writing naked call options (not puts). Ill include it in the next post when I get a chance to review the FTD theory hiding. +I'm curious about the target date fund strategy. Should the people who have their funds in the 2025 target date fund be nervous? Shouldn't these returns for the last few years (up until the target date) be relatively flat? I know this is because the secondary bond market is down, along with equities. + +I'm wondering if a better (similar) strategy would be to just invest in some kind of broad market ETF (VOO), and then rebalance the portfolio manually, buying physical bonds and holding them until maturity. +FIRE is one tool eliminating material scarcity from the list of things you have to worry about, which is great considering the larger goal of building a life you want to live. +Extreme saving to build up capital equaling 25x your expenses is one way to achieve FIRE. +Retirement, in the traditional sense of retiring to a life of no particular work responsibilities is one type of retirement. +BaristaFIREing to a quiet life of easy work is another option. + +All of these things have names. But all of these things are merely arbitrary points on a spectrum of infinite possibilities. Life isn't a forking path, with traditional FIRE going one way, with baristaFIRE pointing in the other direction, and no middle ground between them. You're "allowed" to retire to a life based on the 6% rule, with baristafire as a backup. You're allowed to become financially independent and never quit your job if you don't feel like it. You're allowed to retire at 32 fully FI, get bored, start a pottery studio, live off the income from the pottery studio for a while, get bored, close it down, then get a job with the county government cutting down trees. Life is too short to limit your choices to the default options on a forum. + +I think everyone here is aware of this, on some level. But, really often on this sub, I see people falling into the easy ruts, like treating the 4% rule as an actual rule. Or, they let the easily defined concepts, like coastFIRE, define their goals, when it's pretty clear based on reading their writing that their real goal should be in the Grey Area Of FIRE That Has No Name Yet. Grey Area Fire That Has No Name Yet is perfectly fine. + +Don't let mental frameworks define your path -- let your honest assessment of the life you want to live define your path, and let the rough concepts and frameworks serve their purpose: giving people a starting point for conversations. +Own a multi family property that’s very old. This neighborhood has never been hot, and with some big repairs on the horizon and with the property being far from my house, it’s becoming a burden and we want to sell it. Now that the neighborhood apparently is a hot bed for selling, we want to sell, as we are worried that the upcoming recession will hit this neighborhood hard and we will be selling for a loss. We just need something closer to us if we’re going to continue being landlords. + +However, I’m very concerned about using a 1031 and getting another property with the huge uncertainty of tenants being able to pay. I also know that totally cashing out will get us hit with big taxes, but maybe it would be worth it? + +Thoughts? +http://www.inquisitr.com/2942310/millennials-are-saving-more-money-than-everyone-else-and-the-reason-is-surprising/ + +Nowhere near FI rates, but it's a positive nonetheless. +Since the past year, there have been increasing talks about impending recession, and the biggest question that I ask myself is should I hold cash, or continue my SIPs! + +I decided to run a little experiment today, and see how this decision has fared in the past. I know, that past performance is not an indicator of the future, but I just wanted to check how this has varied for my investment horizon in the recent past. + +I took the NIFTY 50 data from Jan 01, 1999 to Jan 01, 2020. The basic assumption was that you get a fixed amount of money to invest every month on the first date of the month (Rs. 1000), and the minimum units that you can buy is 0.01. I tried two basic strategies: + +* You invest as soon as you have cash. +* You invest only when the index is at least x% from the all-time high. + +These are the basic results that I could get: + +|Strategy|Final Holding|Max Cash Deployed|Max Cash Held Deploy Date| +|:-|:-|:-|:-| +|Buy ASAP|11,33,700.11|1,108.96|2018-09-03| +|Buy on or below (5%)|11,27,949.68|13,054.54|2018-02-06| +|Buy on or below (10%)|11,32,815.26|20,025.82|2015-05-07| +|Buy on or below (15%)|10,95,813.36|24,047.62|2015-09-07| +|Buy on or below (20%)|10,80,350.19|43,004.86|2016-02-11| +|Buy on or below (25%)|10,65,730.86|24,013.73|2006-06-08| +|Buy on or below (50%)|9,52,183.34|85002.78|2008-10-17| + +&#x200B; + +Here is the [code](https://github.com/cynical-bibliophile/Finance/blob/master/experiments/should_you_hold_cash.py) (if you'd like to fiddle). I am new to python, so it is absolutely possible that I messed up in the code somewhere. If you find any issues, let me know, and I'd be willing to run the experiment again. + +Edit: +I'm thinking of writing a blog entry with detailed graphs and other strategies. Would that be something that you guys might be interested in? +So I have been planning to get health insurance for my parents as they are both getting older. I was going through all the insurance companies and so far for the price, Niva Bupa reassure seems like the best option. HDFC optima restore was also a great option but their agent said anyone in the pre-diabetic stage won't be approved for that. So out of all the options, Niva Bupa reassure with a super top-up seemed like the best as from what I have read on the wordings it covers everything except some robotic surgeries where there is a cap of 1L. + + +But before I buy it I wanted to see if I can get some reviews on this plan from people who already have it and made claims from it. How was the experience? are you satisfied with the plan? or is there any catch that I have missed? or if you had any negative experiences I would like to know that too. + + +And secondly policy bazaar, so since I have checked their site I have gotten a million phone calls from them, and one day I actually decided to just talk with them and tbh they were bad but just seemed too good to be true. So what they are saying is that if I buy through them, the price will be the same, infact I will be given some more discount which I saw I would get even if I get directly from Niva's website, but they are saying they will also provide an added layer of protection with on-ground support if needed and they will take care of all paperwork for us and basically help us get a claim in case company doesn't want to give claim. So whats the catch with them? + + +Have any of you bought any policies through policy bazaar, did they actually help this much after the sale? is there any con in buying through them instead of buying directly? Would love to get a review on them too. + +Thanks! +If you have visited a website like equitymaster, PA Wealth Advisors, SP Tulsian, Motely Fool etc, you probably come across a lot of stuff like "we have the perfect multibagger", "Billion Dollar Oppurtunity". + +&#x200B; + +The thing is **no one knows** which stock is a potential multibagger. Take Rain Industries for instance, it goes from 37 to 450 and is now back at 90. We have a similar case with other companies like Bhansali Engineering Polymers, HEG, IndiaBulls Ventures and the list is endless. + +&#x200B; + +All stocks were multibaggers in 2016-17. So many of these **calls** were right. + +&#x200B; + +The mystique here is that after listening to the word multibagger, we get a rather pleasant picture. We imagine ourselves down by the beach in Hawaii eating grapes while a custom Rolls Royce with a driver waits for us. Then we pay the fees to the website, get a report and most probably lose money. + +While the Hawaii story is not impossible in markets, it is improbable. + +**NO ONE KNOWS WHICH STOCK WILL BE A MULTIBAGGER.** + +Standing in 1997, one could have bet on WIPRO, HFCL, INFY and a bunch of other IT names. You might want to see what happens. + +&#x200B; + +Similarly, in 2019, Manpasand Beverages, a stock in a reputed MF like Motilal Oswal owns is under investigation for fraud. Monish Pabrai gets jitters in KRBL, Porinju is suing LEEL. Rakesh Jhunjhunwala, I recall, has a stake in DHFL. + +&#x200B; + +**Does it mean all these guys are incompetent?** + +&#x200B; + +Their track records show otherwise. These people have made huge money from stocks. And they have great track records. + +The **magic** is not simply in picking the right stock. The magic is betting in a sensible manner. + +Say you have Rs.100,000 to bet. You first bet Rs.5,000 on 20 stocks. One stock goes on to become a multibagger, 4 others grow nominally above market rates. 2 tank and the other 3 become stagnant. + +&#x200B; + +Everyone knows the WIPRO parable, the Eicher motor joke on "If you had......" + +How many crorepatis do you see who have owned the stock for the entire up move? Very few. + +&#x200B; + +Here are my recommendations: + +&#x200B; + +1. One cannot avoid greed. It is a part of human nature, embedded in us. But keep it in check. Realise if some part of you wishes to buy an outrageous chunk of some unknown company simply because the mental image of the future looks oh so good! If it is the mental image, take a step back. Bet a small amount and bet more as the price goes up. No need to go Rambo. +2. Cut your losses. Looking for value picks when a stock is down 30% in a day is a recipe for disaster. + +Good luck! +Hello, + +Has anyone have views on investing into US Treasury Bonds via Vested? + + +Here are few bonds that are available on the Vested account: +https://imgur.com/a/BpoKys3 + +I am looking to hedge against rupee inflation vs $, so considering moving some of my fixed income funds/bond holdings that are in Rupee now to US treasury bonds. + +Any views are appreciated. Which US fund/bond must is recommended? I have shortlisted Schwabb US TIPS Etf, IShares 3-7 Years Treasury Bond ETF and iShares Core 1-5 Year USD Bond. + +Any inputs are welcome. Thanks! +Today I placed a buy bracket order for infosys. I bought it at 1160, stoploss was at 1159 and target 1163. Now for some fucked up reason, the stoploss was hit and the 1163 order should have been cancelled but guess what? It did not and these clown servers at zerodha sold at 1163 as well resulting in a net short position. Right now infosys is trading at 1167 and I am in loss. + +So much for calling them the third biggest broker of india? I am shifting back to share khan now, as this clusterfuck of a company can't even handle their servers properly. And always there's an exotic reason for their failure. Why the hell am I supposed to care for the reason of failure? You failed at your service and that is fucking it. If anyone's money has been locked here for the same reasons, lets start a class action suit against these idiots. I am through with their bullshit. + +proof: https://imgur.com/a/1bVsj + +EDIT: this is the "reason" why there was a problem, as if we are held accountable for it: https://imgur.com/a/0wSWq + +EDIT2: My position has not squared off even after market closure despite the fact it was an mis trade. It can cause a potential loss of ~~23260~~ 2000 rs. Any help in the general direction is appreciated. proof: https://imgur.com/a/wFWam + +EDIT3: From what I have gathered, this is a case of [short delivery](https://zerodha.com/z-connect/queries/stock-and-fo-queries/consequences-of-short-delivery-nse-bse) and zerodha has done it erroneously on my behalf. I had infact tried to square off the positions but they had disabled these orders, and bracket orders can be squared off from orderbook which I was unable to do because of this special case. + +TL;DR : Zerodha's servers fucked up and placed an extra order on my behalf. Now all the penalties resulting from "short delivery" will have to be born by me, which can be close to 2000 rs. +So I have been interviewing for a company in my dream industry. After 6 weeks of 4 long grueling interviews, I was sent an offer letter. It was for 5k less than what I was asking for but I ended up accepting and signing the letter. + +After, I went to my current boss to put in my resignation. She came back the next morning and countered their offer by an additional 10k. (20k more than my current salary) + +Now I definitely have the dilemma of wanting to stay (considering it’s 20k more than my current pay) but I also know I won’t be happy working for them in the long run. She’s promising me the world right now but I can see right through it. + +My biggest dilemma now is; do I tell my new employer that my current job countered? Since this is a dream job scenario, it scares me to lose out if they revoke my offer. (But if they pull the rug, does that just mean I dodged a bullet from a shady company?) does it make me look like a more valued employee by letting them know upfront that I declined the counter to work for them? Or do I tell them that I’m considering the counter and have it open up the possibility of them matching the offer or is that even greedy to think that way? + +Or do I just decline the counter and move on with my life/career? + +Any advice is much appreciated! It’s a good dilemma to be in but stressful nonetheless! +I am a super noob and trying to define/refine my investment goals. I want to get to the point where dividends will be my only source of spending money for variable expenses (gas, fun, food) as a way to keep a tight budget and invest the rest in strong etfs like VOO and keep growing dividends so i can have a gradually larger spending budget. I get that i will have to pay taxes on the spent dividends when that time of year comes around but i would if i had DRIP as well. Right now my monthly dividend payers are O and SPHD. Why is everyone so against spending dividends? Am I missing something? +Bear crypto winters are a literal massacre. + +you will be lucky to hold .10 cents on the dollar. + +based on previous Bear markets: + +BTC can go down to $3k because the market has a way of Shaming/Humbling even the cockiest MFs like Michael Saylor. + +ETH to $294 +I think like many, my goal of buying a home is getting further and further away. I don’t live in any major cities but prices are still going crazy. + +My partner and I both have an above average income so we could theoretically rent somewhere really nice, but it just feels daunting and like we can never settle because we could always be moved. + +So, renters of r/ausfinance, tell me all the good things about renting! +I think like many, my goal of buying a home is getting further and further away. I don’t live in any major cities but prices are still going crazy. + +My partner and I both have an above average income so we could theoretically rent somewhere really nice, but it just feels daunting and like we can never settle because we could always be moved. + +So, renters of r/ausfinance, tell me all the good things about renting! +First time investor with fxmartoptions.com + +I put in $4k, and in 3wks the amount balance goes up to $120k. try to make a withdrawal of 42k to my blockchain wallet. Although Rob says it should take less than an hr, many hours go by, then days go by. It's been a week now and i've been back and forth with Rob about where in the Hell is my money. Rob says that my withdrawal is 'experiencing Slow phase level'. That the transaction is being verified on the blackchain and miners at an extremely slow level with will take an extended period of time. But it's nothing to worry about. 80 of ther clients are currently experiencing the same thing. But he can upgrade my account to 'Priority' if I fund the account with $22,300. 'With the funding of $22,000 my total earning will be at $140,000 (the funding will be added directly to your deposits and it can be withdraw instantly.)' + +Has anyone else in the Forextrading/crypto world ever heard of anything like this? Why would I need to deposit $22k in order to upgrade the account to priority? And why would he just give it back? Why can't it be taken out of the account balance? +Just sounds like an elaborate scam to get more money out of me. +I hear a lot of people saying that they only trade 6-10 trades per week max and they are highly profitable. I need help before I blow another account. I've hit somewhat of a wall and I can't seem to get back any success. I started off pretty good, now I am taking massive losses. I took 23 trades today and lost 16 of them and now my account is in a huge hole. I know that I overtrade. Most of my trades get stopped out, so I try and readjust and enter a better position. I notice also that my trades will easily run up a $60-$150 loss in what seems like seconds sometimes, but on the flip side I struggle to get them over $40$-$50 on the win side, and most times the win period is so brief I can't figure out if I should close it or not...but when it's losing I can get up, go make a sandwich and come back and it's still -$67 🤷‍♀️ what gives? I need some help on what kind of things I should be looking for so I can make some better trades +Everyone is talking about NFLX, and granted they did have a huge drop, but the IV in FB is much higher. If you want some juicy premium, sell premium in FB. I sold the 175 that expires today yesterday afternoon. I might get burned, but could not resist that high IV. +I was recently at a healthcare conference and met someone selling software that actually competed with my offering. To my mild chagrin, they're doing it so much better than my company. Better interface, more efficient workflow, higher market penetration, basically everything we tried to do they're doing better. It's pretty impressive. + +&#x200B; + +I know the HCIT field, I know the tech stack they built this on, I know the founder's credentials and competency, and in my professional judgement, they know what they're doing with this product. Long story short, if they're interested I want to (either personally or through my own company) buy a smaller equity stake in their startup. I'm interested in basically being a silent investor, providing $X in exchange for Y% of the company and a seat or two on the board, but without an active role in the day-to-day operations. + +&#x200B; + +How would I got about starting this kind of conversation with the current owner? Like I said, I know enough of the product to judge its quality, and I believe I have the right connections to validate anything I'm told on the financial/legal/etc side. I just don't know how to broach the subject in a way that won't either scare them off or get them too greedy. Any thoughts? Thanks! +For a first fix and flip im looking at going for a $130 purchase with a $100k roughly for a full house rehab. House has a Arv of 400-500. Going full hard money hoping with a 6-8 month flip. Am i aiming too high ? +I've seen lots of references here to umbrella insurance as a recommended tool in the FatFIRE toolbox. [It sounds goods](https://en.wikipedia.org/wiki/Umbrella_insurance) but I'd like to hear about some specific claims where umbrella insurance was really useful. + +If you've made a claim against your umbrella insurance (or heard of someone making a claim), I'd love to hear about it! +I'm early 30's, single, US based. Made my money in real estate. I'm not all cash, have stock options etc. but want to divest. It's a difficult decision with how monetary policy, economy, asset pricing etc. is looking. Not looking for huge risk / returns. + +Broadly looking for tips, advice, percentages you would allocate, how much cash you'd hold etc. There's lots of broad advice but I can't find that much about entering the market late cycle. + I understand that holding a bond directly is different from holding this debt mutual fund. if the repo rate increases, the nav falls. How do I understand this? my current understanding is "there are new bonds now which will give more returns so nobody will buy the old bonds". So that sale value of the bond in the secondary market falls? Will it move to zero? Even then the fund is holding the bond right, so they can keep holding it until maturity instead of trading it in the secondary market? So basically trying to understand how volatile this fund can be. + +I'm investing for a 15yr goal with only N50:PPF 60:40 since 6 months. I want to introduce a debt component that is not locked in, so that I can use it for rebalancing. So thinking of constant maturity gilt fund category. What other options can I choose other than this one? A liquid fund maybe? why is this category not being discussed widely? +[gdp\_figure\_2.jpg (650×371) (schroders.com)](https://www.schroders.com/id/sysglobalassets/digital/insights/2017/charts/gdp_figure_2.jpg) + +Source: [Does high GDP growth equal high returns in emerging markets? - TalkingPoint - Schroders](https://www.schroders.com/id/us/tp-us/economic-views/economic-views2/why-economic-growth-has-been-a-mirage-for-emerging-market-investors/) + +This would mean that would mean you are more exposed to foreign economies than you assume so this should probably be factored into judging how much International allocation you want for your portfolio as you might under-weighting Indian Economy accidently by having high (50% and above) exposure to International stocks. +I am looking to invest in real estate in the Badlapur - Vangani - Karjat area around Mumbai. + +Mostly looking at under construction projects. What are the parameters by which I should judge if a property would be a good investment or not? +I have been trading for awhile now and I am still struggling to find an edge. +It is hard as the market is constantly changing. I was wondering how profitable trader could have an edge when the market is different every year? How do they manage to make money every single year? or do they have multiple strategy/edge? +Not sure if this is the right place to ask for advice but I'm fuming. + +* I got an email from a video production company saying I had spent \~$900 on a video project. They had all my personal info. +* I immediately wrote to the video production company, asking them what was up and alerting them to the fact that they the purchase was invalid. They wrote back saying they canceled the transaction and refunded the amount. I have the email records. \[Edit: They apparently never actually refunded me. The "refund" was the credit card company initially canceling the charge as fraud before reinstating it when they "found out it was valid."\] +* I also immediately contacted our credit card company and reported it as fraudulent. +* Months later, having forgotten all about it, our credit card company (Chase Visa) fraud department contacts us that they investigated and found that because they had my personal info the purchase must have been valid. I called and fought it, during which they told me that I should send the emails to their fraud department so they could check them but that if they found I was still responsible there was no recourse after this. +* I sent the emails and all contact with the video company, assuming THIS was the end of it. Today I just got the letter from Chase saying they reviewed everything and decided I really did purchase $900 of video projects. + +What recourse do I even have? This feels like Twilight Zone levels of stupidity. I know credit card companies and fraud departments WANT your money so it's incentive for them to decide that you really did spend the money but the reasoning of, "Well, they had your personal info" feels like such a head in the sand reasoning given the current state of "privacy" online. + +&#x200B; + +UPDATE: After digging into Credit Card statements and making some phone calls. + +\-Looks like I never received the refund from the "production company."-Looks like the "production company" that sent the invoice was the original scammer. I got in touch with the actual production company whose name they borrowed and the owner was frustrated and apologetic, this has apparently been happening to him a lot.-Looks like my best next steps are filing a police report and going to the CFPB. + +Thanks all. +This is definitely old news for you wrinkly sacs out there, but for smoothies like myself, it might be a fresh insight which adds another drop to your everlasting ocean of determination! + +It just dawned on me that with its string of gamma squeezes, GME's chart looks more like that of a penny-stock rather than a **$12B** company... its massive 12-month price fluctuation of **3580%** is unheard-of for a company its size. + +90% of my portfolio is invested in this *dying brick-and-mortar company* \[lmfao\]; erstwhile, I'm using the other 10% to swing-trade pennystocks, mostly to keep myself occupied while waiting for the MOASS. As you probably know, **volatility** is what makes pink sheets so lucrative and so dangerous. Tonight, I started doing research on the past year's **most volatile stocks**, hoping to identify trends among those that have had the most explosive gains. + +I started by screening for stocks that had a **price change** of **over 3000%** in the **last 12 months**. As it turns out, there are only **77** of them out there... unsurprisingly, **76 of them are pennystocks.** + +&#x200B; + +[All the companies I recognize are micro-caps, except for GME \[on the second page\].](https://preview.redd.it/86oovvbd2af71.png?width=1035&format=png&auto=webp&s=01921014811c8883926a09ee5eec657cb6edc438) + +I was curious to know how many other non-pennystock companies are on this list, so **I filtered out all the stocks worth less than $10**, and the results genuinely surprised me: + +&#x200B; + +[LMAO. I tried to distract myself from GME, only to spend the evening with Jacque.](https://preview.redd.it/qu0zqgtq2af71.png?width=1062&format=png&auto=webp&s=bced95b72b0af3b8007870c6345b24123101c869) + +GME is the **only** large-cap stock out there that has seen this magnitude of volatility since the liquidity from last year's unmitigated currency dilution (AKA "stimulus") flooded the market and intensified the pace of artificial price inflation. + +The influx of buying pressure and resultant gamma squeeze in January "awoke" the sleeping retail Silverback. But what is far more revealing than the initial gamma run is all the price movement that occurred *afterwards*, from then to now. Untrained eyes might not see it when they look at the chart; that's precisely what sets Apes apart from everybody else. **I** ***see*** **it.** + +The writing is on the wall. It is abundantly obvious the squeeze never ended, and that there's been a very consistent and violent effort to suppress upwards price momentum in spite of a tsunami of buying pressure. This brazen market manipulation has been documented every step of the way, shared for all to see, and that's exactly why they are fucked--the elephant in the room \[predatory short selling & market manipulation\] has been ignored for years, but now there's also a silverback gorilla in the room flinging shit in every direction and getting the elephant riled up. *I am impossible to ignore.* + +I know something else now, too: by aggressively manipulating the stock in order to suppress the price and shake out retail investors, 'Megacorp' inadvertently showed its hand--**now I** ***know*** **I have the winning hand.** They tried too hard to deceive me with opaqueness, financial magic tricks and psychological warfare; by trying to discredit me as a "memer" and discourage the average person from taking me seriously, they inadvertently red-pilled me. *Now, I'm not going anywhere,* for I know this squeeze cannot end in any other way but a **galactic** surge in price and hopefully some meaningful systemic reform, evidenced by lifelong prison sentences for ultra-wealthy felons whose greed predicates a complete disregard for human society and the wellbeing of every other being on Earth. + +I know you're too retarded to sell your memestonk. You have proven that beyond a shadow of a doubt, and now I am convinced that all *I* have to do is hold my shares, and buy more whenever I can afford to, and then sooner or later... **\*pop\*** + +Indulge me, won't you, as I end this post with a visual aid to illustrate how I think we all feel deep down. These are not charts of GME, but of another asset that shan't be named--I'll call it Baby Tabby Cat. + +&#x200B; + +https://preview.redd.it/fruewqwemaf71.png?width=3840&format=png&auto=webp&s=e82d94e410af9d8f42d3b098e0194eb0bf145422 + +[Let's pretend this second peak is $100,000. Any intelligent person would sell at this point. Unfortunately for SHFs, I'm friends with some guy who Ricked a banana and watching it instantly smoothed the last wrinkle from my brain.](https://preview.redd.it/2yjqqcolmaf71.png?width=3840&format=png&auto=webp&s=20d79db41d99b74a557f79ca193997b7ea526e29) + +[Ah, there it is. My sell point... On the way down, for no less than $40M per share.](https://preview.redd.it/txb5oxi5naf71.png?width=3840&format=png&auto=webp&s=e11043716582b7179b3228a51a1a195a7704e53f) + +This chart takes place over several years. I expect the MOASS to play out over a much shorter period of time. But I am fully prepared to wait, *no matter how long it takes*. I expect the ups and downs to be a lot more volatile and unpredictable--but with a similar end-result **(UP)**. I wanna see Stevie get liquidated. + +In the meantime, I buy, I hold, and I chill. + +**GG BOIS EZ** +This is the final update from a [thread](https://www.reddit.com/r/personalfinance/comments/drzyv5/credit_karma_savings_issues_advice_needed_beware/) started about two weeks which is now fully resolved. + +All the details are in the original thread, with the primary problem being that when setting up a High Yield Savings Account with Credit Karma, you are unable to make changes (add/edit/remove) to your funding account. I have never experienced this type of issue using other banking and investment products with several other financial institutions local, regional, or national. + +I opened the account on 10/30/19. Around a week later, I wanted to change my originating account as the funding account I had I closed as it was with Marcus, who I no longer personally wished to work with and had no reason to keep the account open. I wanted to change the account to a personal account with PNC. At the time, there was zero documentation saying you couldn't change your linked account. It appears on 11/7/19 - days after I opened my complaint with Credit Karma, they edited [this support page](https://support.creditkarma.com/s/article/How-do-I-link-my-external-bank-account-to-my-Credit-Karma-Savings-account) to account for such an oversight. I find this dubious or very coincidental to say the least. + +After going through several support emails, creating the original reddit thread, which seemed to get their attention at last - I received a manager support correspondence which started to resolve my issue. They had to manually link my PNC account on the back-end, asking for ID verification, etc. which I provided. Days elapsed and I allowed 24 hours between my own responses with their online only email support. They did link the account, but a second issue arose - I could no longer login. Regardless of browser, app, IP address, computer - nothing worked. I lost the ability completely, and therefore the ability to verify the account was linked and my money was safe or could be transferred. It took over a week for them to troubleshoot this separate, but related issue - which was not resolved. + +I asked for the funds to be mailed to me by check and the account closed. However, I noticed an error elsewhere in my Credit Karma profile, they had my incorrect address. I was unable to edit the address as apparently Credit Karma had incorrect addressing information from TransUnion. I contacted TransUnion and verified the information was correct - but for some reason the change was never picked up by Credit Karma. + +I let Credit Karma know of this error, and to mail the check to me at the address on my email - verified by Drivers License. They said they would ensure this happened. It did not. The check was mailed to the previous address. Literally the most incompetent customer service on the planet. + +Luckily, I know the person who lives at the previous address (family) and they held the check for me. I would never have known they sent the check to the wrong address had that family member been a stranger for example. + +I did let Credit Karma know of this severe error by email a few days ago - no response. Not even an apology at any point other than from the manager who said he was sorry it took so long for them to respond originally. After that the case was cleary given back to a regular employee(s). + +I deposited the check a few days ago, my money is safe. I will be looking at a far better high yield savings institution this week to move the money into and am open to recommendations. I'm partial to trying Capital One since I have a credit card with them. + +I have yet to submit any formal complaints as I'm not even sure where to begin. The CFBP online form doesn't have the appropriate options for me to start, and I only have emails to point to as proof. Take this story as a buyer beware. I'm sure the account works for others, but there are so many better products on the market. I'm personally never doing business with Credit Karma for any purpose again. + +TL;DR - Do not open a high yield savings account with Credit Karma unless you plan to never change your funding account info. Their customer service is terrible. No phone number to speak of, and their banking partner is a small bank in West Virginia who cannot assist you. You will not be provided an account or routing number and must close your account to make changes such as this. + +edit: Thanks for the Platinum, Gold and Silver kind strangers. And for all of your replies. + + +[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!* +The full book title is Fables of Fortune: What Rich People Have that You Don't Want. I'm honestly shocked that this book has been out for nearly a decade and it has almost zero internet presence. How is this? For those curious, here's a quick summary: + +The lives of the rich and wealthy (the book mainly focuses on massive networths in the 10s of millions) are often idealized as perfect as people assume they can solve all of their problems with money and live stress-free lives. But this couldn't be further from the truth. The wealth causes entitlement from their children and some family members, creates barriers that make it difficult for them to want to connect and form authentic relationships with people of "lower social classes", and removes a lot of the meaning from life as they chase after validation and respect from the items they buy hoping people see them and respect them more solely based off of how expensive their possessions are. The book unveils the curtain to show how this type of life can be incredibly lonely and empty at times, and some of these folks would probably kill to have a simple life back but the current lifestyle they're adjusted to makes it seem impossible to go back. Lifestyle inflation at its finest. This phenomenon is also known as the golden handcuffs, where your high paying job is making you miserable but your lifestyle expenses, such as the mortgages on your houses and cars you have financed, are way too expensive for you to be able to downsize your job without incredible consequences. + +It really opened my eyes to how much a lot of us can't wait to buy a bigger house and a nicer car hoping that the higher the price tag, the more happiness it will probably deliver when it couldn't be further from the truth. At the end of the day you just get adjusted to these items and want more. It encourages searching for richness in other parts of your life, such as enriching family relationships and friendships to form stronger bonds and have more people you can enjoy life with. It also largely encourages chasing financial security over an inflated lifestyle which is a massive theme of this subreddit and one of the reasons I'm shocked it hasn't made the rounds here. + +Allow me to clarify, this book isn't saying money in itself is bad. It encourages people to get to a point where they no longer have to worry about food and shelter. Where they can take care of life emergencies as they pop up and provide for their children. But it recommends that once you find that "enough" point, you don't jump off into the deep end of wealth endlessly chasing bigger and more expensive items because it's the only thing you believe can fulfill you. Because you'll just end up empty inside and stuck chasing the temporary high of these luxury items. + +Would love to hear you guys' thoughts on its message and from anyone who has read the book. If you haven't read it, I highly recommend you do. It's an amazing book to provide you motivation on why not to spend all of your energy chasing luxury after most of your basic needs have been met, and encourages you to instead divert that energy into other places where it matters. + +Edit: I forgot to mention, the author of this book is a lawyer who works with a lot of wealthy folks. When I say wealthy, I mean the 10s to 100s of Millions types of folks, not just the single digit millionaires. This is how he has so much insight, and he gives plenty of examples to back up his claims. He's not just pulling shit out of his ass. +Think like passing a note to your younger self. Wipe all knowledge and experience and start from nothing. Would you learn strategies? What might you learn to buy first? What would you avoid learning/wasting time on? What is a key fundamental you found yourself relying on the most? etc. +There seems to be an influx of new "traders" that literally spam the same questions about the same 2 tickers on a daily basis, asking us if they should spend their life savings on a single position or how they can buy a certain hype stock as quick as possible because they heard that those might go up indefinitely, never having made a financial decision like that in their life before, most don't even seem to know the very basics but want to make quick money. WSB used to be a funny little subreddit in which you could discuss serious DD and also post your losses on stupid trades (no upvotes for green accounts), now it's some kind of weird echo chamber and it's suddenly "cool" to be part of it and also take part in every stupid idea people there come up with, not to mention it's toxic, e.g. harrassing Andrew Left is not okay, you might not agree with him, but he has made some valid points most people don't even want to consider because of mob mentality, just the keep the insults out of this sub please. + +It feels like the same kind of people are now slowly taking over this sub, sorting posts by "new" is pointless because the same stupid questions that could be answered with a 10 second Google search are asked every 10 minutes, if you don't have the patience for that, or even reading the sidebar you shouldn't be able to post here and spam this sub because it drowns the few actually interesting questions and discussions that don't concern Gamestop, Palantir or Blackberry or gambling away your family's life savings. The worst thing is that people who have no clue get positively reinforced by members of this sub "yeah totally yolo all your savings into GME". This is not WSB, people should at least put some thought into their posts. + +The moderators should be a lot tougher again and curate the sub more, keep out the toxicity, make sure people get useful advice and are not lead into financial ruin (some can't tell the difference between irony and serious advice). Several uses have suggested to put more of an emphasis on to FAQ and Q&A sections as well, many people already use the daily threads and and post good questions and discussions, let's increase its use. + +The quality has deteriorated so much, I almost don't feel like scrolling through the sub anymore. + +Excuse the wall of text but it's been bothering me for a while now, anybody else feel the same way or am I just delusional? + +Edit: Thank you all for your contributions, seems like we got a real discussion going here, which is great, let's all stay civil though, even if it's a controversial topic, please don't insult the posters you don't agree with. +Imagine VOO. Folks (like me) buy and sell the VOO ETF and behind the scenes Vanguard takes the steps to periodically rebalance the index. It's my understanding that this rebalancing happens on dates known in advance. As owners of the ETF, we hope not to see capital gains triggered by these rebalancing events because that means taxes. My question is, how this rebalancing happens and is there some aspect around the ETF construct which allows vanguard to (say) sell a stock at a profit (as part of the rebalancing) yet somehow not pass that capital gain back to folks holding the ETF? Or is vanguard leveraging tax loss harvesting as a means to counter capital gains and thus not pass gains to folks holding VOO? + +If vanguard is leveraging tax loss harvesting to counter gains in order to prevent capital gains from being passed on to VOO holders, can vanguard shuffle, behind the scenes, those tax losses between different ETFs or must those losses remain associated with the stocks tied to VOO? + +Just trying to understand the details here... +Received this email from my own email address. Any advice? This seems like a real hack as it came from my own account. + +"Hi, + +A week ago I gained access to your email, this then migrated to your phone & other devices. Since then I have been monitoring activity and well it seems you have quite the life to be ruin. + +Please note that this isn't a targetted attack, you just so happened to be vulnerable at the time. + +With the access I currently have I can: + +- Bypass your Online banking verification +- Access your PayPal account and send funds +- Access your feed and personal messages + +Trying to remove this access is pointless + + +A one-time payment of 0.03 Bitcoin MUST be made to the below address within 7 days: + +(34 character accoint name) + +On receipt of payment you will receive confirmation via email, after this no further action will be taken against you, your family or known IP addresses & any malware / rootkits used to obtain information will be uninstalled from your devices. + + +---How to get Bitcoin--- + +You can purchase Bitcoins via https://coinbase.com/ or https://localbitcoins.com/ as well as many other websites. + + + +---NO OTHER PAYMENT METHOD WILL BE ACCEPTED--- + + +Note: changing your passwords will not help. If payment is not made within 7 days I will be looking for a response to this email (yes, respond to yourself). Refusal to pay will result in a leakage of funds from your accounts amounting 0.1 Bitcoin. + +Regards, +(FakeName)" + +Not sure how this could have came about, has anyone any advice on the next steps? +I've read a lot of posts about taxes etc, but my question relates to the actual process of cashing out and what to expect, especially when it comes to depositing into a bank account. + +I was part of the ETH pre-sale and held onto most of it until last year when I started investing into other currencies, ICO's etc etc. I also stashed a large amount into XMR and have used Shapeshift and Changelly quite extensively. + +My concern is that when I convert everything back into ETH/BTC as is required at the moment from a liquidity perspective, and withdraw that into my account, the bank is either going to freeze my account or ask questions - the amount is far higher than anything I've ever deposited so it will raise eye brows. And because I've moved things in and out of XMR, and used services like Changelly, the actual trail is a little blurry. + +I won't disclose the full amount but it is in the millions. So, looking for some sensible advice. Who here has experience of withdrawing this sum of money, what happened, what were the questions asked by your bank and what information did you have to provide? I should add, I am based in Switzerland if that makes a difference. + +This is not about tax evasion or anything shady like that - I am happy to pay taxes - but I want to understand the logistics of what happens when this sort of sum hits my account and what to expect. + +Of course, feel free to PM me if you've been in my position but don't want to disclose it here. +I've read a lot of posts about taxes etc, but my question relates to the actual process of cashing out and what to expect, especially when it comes to depositing into a bank account. + +I was part of the ETH pre-sale and held onto most of it until last year when I started investing into other currencies, ICO's etc etc. I also stashed a large amount into XMR and have used Shapeshift and Changelly quite extensively. + +My concern is that when I convert everything back into ETH/BTC as is required at the moment from a liquidity perspective, and withdraw that into my account, the bank is either going to freeze my account or ask questions - the amount is far higher than anything I've ever deposited so it will raise eye brows. And because I've moved things in and out of XMR, and used services like Changelly, the actual trail is a little blurry. + +I won't disclose the full amount but it is in the millions. So, looking for some sensible advice. Who here has experience of withdrawing this sum of money, what happened, what were the questions asked by your bank and what information did you have to provide? I should add, I am based in Switzerland if that makes a difference. + +This is not about tax evasion or anything shady like that - I am happy to pay taxes - but I want to understand the logistics of what happens when this sort of sum hits my account and what to expect. + +Of course, feel free to PM me if you've been in my position but don't want to disclose it here. +Today we cracked 90,000 hodlers in r/ethtrader ! In today's dev meeting they announced Metropolis will go live on Oct 17th. I suspect we'll crack 100k hodlers by then. Keep hodling, fellow Etherians! The future is bright; the future is now! Shoutout to all the vets and newbs alike! +[Link to interview.](https://www.youtube.com/watch?v=7WxfQ2zKXeA&feature=youtu.be) + +Some key points: + +* Capital markets in developed countries are now in the control of central banks, valuation ratios etc don't matter right now due to liquidity completely skewing risk premiums. +* You don't want to hold cash or bonds due to negative real rates. +* Look for stores of wealth - equities, gold etc +* Limiting factor for money printing is confidence/demand for USD. This only can happen if there is a credible alternative to go into - e.g. crpyto, RMB or some other new reserve currency. +I was pulled aside by my boss yesterday and I was told that I had 30 days to find a new job, either internally or externally. My position is being eliminated, so it has nothing to do with my performance. I've been in shock since then and afraid of what will happen over the next 30 days, as well as what I should do in case I don't get a job by then. + +As the title says, I've also been counting on tuition reimbursement to pay for at least part of grad school, so if I continue school, this will be a major blow to my finances; even if I get a new job at the same salary (which seems unlikely for various reasons - according to Glassdoor, I'm actually overpaid in my position), I probably won't get the same tuition reimbursement benefit, so it's effectively a huge pay cut. + +I was fortunate enough to sell a condo earlier in the year, leaving me with a sizeable emergency fund - I could live at my current standard of living, minus fun money, for a year off of savings if I had to, but I'd really rather not drain my savings like that, especially because the money was also my backup grad school fund. My apartment is my biggest expense by far and I'd be willing to downsize if the lease breaking fee wasn't so big (\~$3000). I can post my budget if it would be helpful. I use YNAB religiously. + +I also have pre-existing medical conditions that require medication daily, and I'm afraid of losing my insurance. + +I'm based in Michigan if that makes any difference. I already looked up unemployment payments and it's abysmal. + +What are the best things for me to do over the next 30 days, and if the worst case happens, 31+ days from now? + +Edit: I woke up this morning to this post having exploded. Thank you so much to everyone that has offered advice - even if I haven't responded directly, I'll read every single comment. +&#x200B; + +Originally posted on twitter ([https://twitter.com/abhishec\_s/status/1315319307199340544](https://twitter.com/abhishec_s/status/1315319307199340544)) + +Couldn't find any logical answers in the replies to the tweet, hence asking here. + +Wondering if I should withdraw from my liquid funds and open a savings account with IDFC instead. + +If anyone here has a savings account there, please share if their service is good, and if there are any red flags that I should be watching out for. +Looking to purchase my first ever real estate investment. I found a condo in a college town that I used to go to for around $200,000. It will be fully rented out until next year. Rent will be $1710 a month. I would only have to pay $290 for HOA and about $170 for property management. This will give me a 9% cap rate. Any thoughts on this for my first investment? +I'm going to keep my tradition going and do a quick yearly update. + +**2021 Short Recap:** + +This has by far been my most exciting year. I got married this year and my wife and I combined finances (This definitely helped my NW for this year). We now enjoy the simplicity of joint accounts and not having to worry about splitting every bill. My wife feels bad since she is a student and has low income but before we got married she was literally saving HALF of her student income of $26k. I think that is super impressive. She is still working on her Ph.D. and will hopefully have it within the next year. Also, market returns have been a major driver of our progress. It really feels too good to be true but that won't change our strategy. We are not market timers, we just invest everything we can as soon as possible. + +This year I also splurged on a new car (\~$31k) and I am so glad I did. Driving it makes every commute so much more enjoyable. I bought the car in January and it is already half paid off. I know it's not ideal to pay off low interest debt (car is 1.9%) but honestly I am checking all the other boxes (maxing retirement accounts) so I don't mind paying a little extra on it. My wife and I also took a short trip to Manhattan a few weeks ago. Normally we would say "let's save money instead" but we decided to go outside of our comfort zone. It was a nice trip and also made us appreciate home more. I guess the takeaway here is we are slowly learning to spend our money a little instead of saving every penny. It can be terrifying since we are so savings-oriented lol. I think it's a healthy change. + +**Net Worth Progression:** + +May 2017: -$74k (student loans) + +2018: -$50k + +2019: $0 + +2020: $42k + +2021: $107k + +Today: $201k + +Chart: [https://imgur.com/a/lfjmytV](https://imgur.com/a/lfjmytV) + +**Balance Sheet:** + +Assets ($220k): + +Investments: $148k + +Cash: $44k + +Car Value: $28k + +Liabilities ($19k): + +Car: $15k + +Credit Cards: $4k + +There really is no secret. It's just time and consistency. In 2017 I was making about $58k plus a bonus. Today my salary is about $80k base. We live in a LCOL area (our rent is $1k, all utilities included!). + +**Exciting News:** + +Yesterday I put my two weeks in. I accepted a position at a startup company much closer to home. My commute will go from 25 minutes to 10 minutes. My PTO has increased from 3 to 4 weeks (I was able to negotiate that). My base salary went up from $80k to $94k. They are also giving me $3.5k in stock options and work from home is now an option. I am excited for the new challenge and greater responsibility. At my current job I have felt very stagnant and unmotivated (just hit my 4 year anniversary). I think this move will light the fire under me to start working hard again. + +If you made it this far, thanks for reading! Cheers. +One thing I've noticed is that most posts are from people claiming to have bought a very low number of shares. It seems to me like this could be a tactic to fool people into thinking the average Ape tends to buy a *very* low number of shares. This is a completely different experience to everything I have seen on this sub up to now, including other new Apes discovering the subs over previous months. I have also noticed a lot of the posts have been written as if to make us look bad, such as people buying in when drunk, or people hoping they don't regret buying their shares. A majority of the posters also seem to feel the need to explain that they have *absolutely no knowledge of trading or finance* - again making us look bad in the eyes of certain types of people. The whole thing seems sus and should be taken with a pinch of salt. + +On a positive note - if the sub is being flooded with fake posts it may also be so as to fabricate an explanation for an upcoming price surge that the hedgies know about. + +2DaMewn +Hello Bitcoin Folks, + +Yesterday, my mom did a surgery (kidney transplantation) successfully, all the costs came from my 9 Bitcoins.. I am really happy for the success of the surgery also for my Bitcoins that was really did a great Job + +I bought those BTCs from $600 and sold in $7500 + +I am ready to re invest in BTC as soon as I got more income + +I am living in Kurdistan, which is under a bad economic situation + +ask me anything + +Sorry for my bad English +So when i first got into Crypto, especially alt coins trading, I looked at two exchanges, Binance and Bittrex. I believe this must have been sometime in Q4 2017 where I compared on Coinmarketcap the trading volume of Bittrex to Binance. Bittrex had about 1.8 billion in trading volume, and Binance was a bit lower. Overtime I noticed Binance overtaking Bittrex in trading volume, trading consistently between 1.8-2.0+ billion. Bittrex still maintained a high trading volume between 1.3-1.7 billion. Well after the huge correction in January where we saw the marketcap drop from near 900 bill to 280 bill at one point, i decided to take a look at the trading volume of binance and bittrex Today... Binance is lower then its previous highs but still has a trading volume of 1.4 billion. When i took a look at bittrex its trading volume its all the way down to 289 MILL!!!! I mean we're talking about an 84% drop in trading volume which seems MASSIVE especially on such a well known exchange. Is that normal? Can someone explain this to me? I've posted this on other crypto related subreddits as well. People aren't giving me a reasonable explanation. Hopefully someone here can. Thanks! +Hello, well i bought into cryptocurrencys like 1 week ago, this was possibly the worst entry ever. I have alot of assets in Golem, Sia, Etherium and Antshares. I bought antshares at 10$ (yes i was new in the market i am sorry haha). Do you think its worth it to sell some of those coins and buy them when they are lower? is that even remotely worth it? or is there a risk that i will loose even more? +So, it looks like I’m FIRE’ing… The boring middle is over! + +36 years old, medically retiring from the military at 16 years. I spent my entire career saving everything extra. Every time I was promoted, the extra money went to savings. I’ve lived like an E-5 since the day I turned E-5. Tax returns, special duty pay, deployment pay, enlistment bonuses, raises, everything went into mutual funds. I spent 10 years as a single dad and went car free for a little over half of it. Got married last year and bought a house with my wife in St Augustine Florida. Cash. I guess I’ll get down to the numbers. + +Investments: 210,000 + +House: 310,000 + +Rental property: 65,000 (That’s value minus mortgage) + +Total assets: $585,000 + +So with a 3% SWR and a $20,000 annual retirement, that gives us $26,000 a year with no mortgage, and no health insurance costs. And if the market takes a shit, I’ll still be making $20K a year. + +Full disclosure is that my wife does still work and she has a 6 figure job, but if she were let go tomorrow, we would be totally fine. She works now because she wants to. (and she admittedly always will in some capacity.) We are saving a disgusting amount of her salary, and she will probably get her doctorate at some point in the future. I have my associate’s. + +This military medical retirement kind of came out of nowhere and now I’m coming to terms with the fact that I’ll never have to work again, 4 years ahead of schedule. It’s kind of surreal. The FIRE path for me was paved with a low desire for expensive things. What Thoreau says in Walden about fashion and transportation resonated with me. This week I threw away 10 year old pants because the zipper finally broke on them. I have sandals that are 20 years old. Being in the military helps, I guess, they tell you what to wear every day. That’s going to be a weird adjustment. OK, now I’m wandering. Just wanted to say thanks here, I always loved seeing when people FIRE’ed it gave me hope. Keep plugging away and watching those numbers grow! +Background: investor for a few years and joined WSB 2 years ago. Been in on GME with a relatively large position since december. + +I am pretty fed up with this shit. It is becoming horrendously obvious that an agenda is being pushed on WSB + +- Every two-three days a new pump and dump stock gets pushed as a consequence of mods allowing specific tickers + +- $GME has basically been banned as a ticker for a few weeks (only approximately 2 post getting accepted a day) + +- Fast forward to this week; we have incredible people from the subreddit and outsiders doing AMA’s and every single DD-post, DTCC/SEC information post or relevant $GME-ticker mention getting banned. + +- The only $GME mentions being allowed are either the ones mentioning an extremly high floor (which is skeptical for new-comers) and post asking “is the hype over”, “should i buy GME?” or anything slamming GME to the ground. + +WSB used to be fun because of the retarded chaotic nature of option play and freedom to mention whatever you liked. People could ACTUALLY share their DD (just look at the fucking frontpage of this subreddit - there is plenty of solid DD). +Now, it is - at best - a vessel for the mods to push their own agenda, no matter how new their account is. + +Rant over. + +Edit: let the downvotes begin in <20 sec. + +Edit 2: Mods on WSB are now in the child-phase not controlling jack shit anymore. +Figured I’d do an update post which isn’t something we see much of in this sub. + +I’ve also seen a bunch of advice seeking about selling businesses, so this seems timely given I was exactly in many of these posters shoes roughly a year ago. + +Lots of the details of our deal are confidential so I won’t answer questions I can’t. + +Original post: https://www.reddit.com/r/fatFIRE/comments/8ailev/to_sell_or_not_to_sell/ + +After considering keeping the business and hiring an executive team. We ended up exiting to a strategic buyer. My partner and I are on very good terms. + +# “Deal Attorneys” / Business Brokers / Boutique investment bankers + +I see the general advice of “Get a business broker” thrown around on this sub a lot. + +For anyone looking to seller their business that is able to get offers from buyers on their own, I’d suggest skipping anyone that specializes in MA and instead look to find a solid attorney to assist you in exiting your business. + +Definitely don’t get a “deal attorney” instead look for a fantastic corporate attorney who works as outside council but has helped companies he/she advises sell. Ideally they’ll have closed 10-15 deals of your size in their career. In our experience “finding someone in the industry” didn’t matter and in fact helped us. + +A lot of the way our deal played out will focus on attorneys because of our unique situation. Either way, make sure you’ve got a great team of people advising you. At a minimum you'll want a great attorney and a great accounting firm. + +Remember, for x% of a deal you can often hire a dream team of people who just work on your specific deal depending on its size. + +# Our story: + +Just by happenstance my partner and I changed general councils (GC) in Jan of 2018. By April of 2018 we were both burnt out and over worked. We knew we wanted to sell so the main job of the new GC was to help us button up the business. + +We settled on a former "medium/big law" corporate attorney who left to exclusively advise small-medium companies that were growing rapidly. He branded himself as "hating to be specialized but not afraid to tell us when he didn't know something or who to ask about it." + +Anyways, fast forward a few months and we told this new GC that we were looking to sell and that we’d be finding a “deal attorney” to assist us in addition to his work in helping us “button up the business.” + +He understood that we wanted someone with dedicated deal expertise but cautioned us that most “deal attorneys” are just herding cattle and won’t fight for you when it comes down to it. He then went on to explain that he had helped more than 15 of his clients through the process and thought he could add more value than a deal attorney could and he would just bill us hourly instead of a percentage of the deal because he wanted our incentives to be aligned. + +"I'll give you the best legal and business advice I can and I’ll be in your corner whenever you need me. Percentages muddy the waters so I insist on being paid hourly but if you do the math that is better for you anyways.” was the pitch. + +We were a little surprised by his forwardness about the situation as it was out of character, but he continued to rant and rave about how most deal attorneys / investment banks are just project management shops with no incentive to get you the best deal… instead they’re incentivized to close ANY deal. + +We took this advice into consideration but decided we still wanted someone who just did deals. + +# The LOI + +About a week after this conversation with our GC I had a casual conversation with the CEO of the best positioned strategic buyer in our space. They were a long term partner of ours and we did a lot of business together. Over the years of working with this company I had become close with the CEO and on a random catch up call I just candidly told him we had been approached with an offer from another firm but were going to turn it down because we hated standard deal structures with an earn out. + +In the prior 24 months we had early talks with several FAANGs and other players in our space but… every… single… deal… had a nasty nasty earn out which made it more appealing to keep our company than sell it. + +On the call, I mentioned that we'd be willing to take a hit on the multiple if no earnout was involved. + +To be honest, I really didn’t expect much from this conversation with the CEO, I barely remember it, but by Thursday we had an LOI in our inboxes. + +The offer was solidly in the middle of the range of what we expected and it was higher than our “walk away price” that my partner and I had agreed that we’d be willing to agree to. + +The best part is that the terms that were in the LOI were EXACTLY what we had asked for. No earn out. No "buyer's paper." No equity... All cash at close besides a 15% open ended escrow. + +With the LOI in hand and my partner and I both having travel plans, we told the buyer that we’d get them a response by Monday. + +In a mad dash of a Thursday my partner and I cancelled our travel plans and called everyone we knew that had sold their companies asking for referrals to investment banks and sell side attorneys. + +On Friday we interviewed 4 different major law firms / bankers that specialized in deals in the tech space. + +At the end of those calls and getting conflicts cleared with the one firm that seemed the most reputable and had a “reasonable” 4% of the deal we asked for a free consultation based on the LOI we had in hand and they agreed. + +After talking to us for a total of 2 hours and reviewing the LOI for 15 minutes, this major firm’s advice was to “Accept the LOI as-is. This is a very seller friendly LOI. If any of my clients got this they'd be singing songs about me.” + +Astonished at this absolutely shitty feedback and lack of strategy my partner and I were furious but in a pinch. + +It was 7pm on a Friday night and we had committed to getting a response by back by Monday… we were in a pinch. In a bit of a frantic call buzzed our GC and asked if we could meet on Saturday morning to go over the LOI. He said “I’m outside grilling with family, come over and we’ll look at the offer.” + +We talked that night at a high level then met again on Saturday morning to get into the details while Skyping my business partner in. + +On this strategy session our GC proceeded to outline an entire checklist of things my partner and I should be thinking about and explained that the LOI is actually just the first of a multipart negotiation process. + +He then sketched out our relative strengths and weaknesses in this deal and suggested some non-conventional negotiation techniques given the closeness of my relationship with the CEO of the company interested in acquiring us. + +He suggested we setup a call with the CEO of buyer on Sunday (the next day) and just get conceptual agreement before a more formal call on Monday where we’d send over a revised LOI. + +The Buyer’s CEO agreed to this and our GC cleared the rest of his weekend to help us prep for the call. + +# The Call + +By Sunday my partner and I literally had a checklist of items we were focused on getting the CEO to casually agree to including: + +* Specific limitations on how escrow funds could be used and time limits. +* How existing accounts receivable would be handled. (We wanted to keep our sizable AR. It was left out of the LOI.) +* What a transition plan would look like. (We wanted to be paid really well as consultants) +* Who would be paying for insurance of the deal. +* What the tax allocations of the acquired assets would look like. (We wanted long term cap gains) +* And more. + +Much to our surprise the buyer's CEO brought on the CFO and the president of the company to the call. + +This definitely caught us off guard but we followed our checklists and got conceptual agreement on all but one tiny item from the people on the call. + +Bam! + +We then sent a thank you email recapping all of these items that we agreed to conceptual and stated they’d have a revised LOI with our purchase price the following day. + +Getting conceptual agreement on all of the items aside from the price allowed us to capture more than $4M of after-tax value that the buyer would have never agreed to after the LOI and literally turned our “Decent” cash multiple into something much much sweeter. + +My partner, GC, and I all joke that the recap email was literally worth $50k a word… as the seller would later try and get many of the items they gave up once we got to the APA phase. + +# Due Diligence: A Marathon of Bullshit + +So after our victory in the LOI phase, we figured due diligence would be a nightmare but we had spent the first few months getting ready for it and we thought we were prepared… how bad could it be? + +Almost immediately upon returning the signed LOI we get a list of 30 docs/presentations/meetings the buyer wants. No big deal, we had most of it ready to go. + +A week later while running the business and working late hours we got the first due diligence package off. 5 Minutes later the buyer’s team send us another package request. + +… this treadmill continued. + +Over 45 days, while running our business and negotiating the asset purchase agreement (APA), we ended up completing more than 500 documents of due diligence and collecting more than 4,500 open source licenses that were somehow involved in our project at the buyer’s request. + +Then, after this marathon of bullshit we get to the final phases of the APA negotiation and they tell us they want to lower the purchase price tremendously due to some concerns they found during due diligence… that they NEVER BROUGHT UP until we got to the final APA discussion call. + +If our GC wasn’t on the call, my partner and I would have probably agreed and just went with it to get the deal done. + +Instead our GC interrupted the seller’s team and reminded them that they had agreed to buy insurance in the LOI phase if they were concerned about so he saw it as a complete renegotiation of the deal. + +That call ended with everyone thinking the deal would fall apart. Just as my partner and I were ready to fold. Our GC told us to wait for a call from their CEO. + +Like clockwork as he finished the sentence, I got a call from the CEO and they were going to agree to pay for the insurance and still move forward with the original deal. He then went on to absolutely trash the unprofessionalism of our GC and told me “on a friend level” that I looked like an amateur because we didn’t use an attorney that specialized in deals. + +The deal was still on track and we had a closing date on the calendar. + +**(Protip: On all of our conference calls with the buyer our side would always call each other on Skype video first, then merge in the conference call line. This allowed us to use visual cues to get consensus quickly which gave us a huge edge since the buyer's team was all over the place. The only downside is that if your internet drops the conference loses all participants.)** + +# A Black Swan + +Unfortunately I can’t write about this. I can’t even vaguely allude to what happened more than I am about to do now. But in entrepreneurial journey there are a few black swans that will come your way, I hope ones that you face are nothing like this one. + +Our black swan situation was a complex legal and PR nightmare involving major companies in a lateral space to ours. This situation that would scare off ANY buyer. The worst part is that the legal fees to defend ourselves would likely put us out of business unless we found a creative way to deal with the situation. + +I called the buyer’s CEO to tell him about the issue and he said that he’d discuss with the board in his meeting with them on Monday morning but he thought they would have to back out of the deal. + +We were distraught. We thought we were ready to close but now our business was going to be crushed by the weight of an unforeseeable and unpreventable event. + +On one of the many calls with our GC about the black swan issue, my partner brought up some of his frustrations with the buyer’s business practices. We had worked closely with this buyer for a long time and while their practices were standard in our industry they were still frustrating. As he explained this, it piqued our GC's interest and he asked to see the docs my partner was talking about. + +It was date night and my wife was asking how the deal was going. She knew about the black swan but not the implications but given that I was taking her to a nice restraunt she deduced something was of. + +My plan was to tell her the deal was dead... on that car ride to dinner, I get a call from the GC/partner. They hear that I'm driving and ask me to call back once I'm stopped to go over the details. + +My wife is frustrated as the deal has absolutely crushed our personal life, but I agree. + +On the call back, I learn that my partner and our GC want to sue the buyer... for fraud. + + +# The Devil is in the Details + +To save a long story… in the “marathon of bullshit” phase above we ended up being sent some documents that didn’t line up with prior documents that the buyer had given us when they paid us for our work together. It looked like an honest mistake, but it also looked like someone had been cooking our reporting. + +Because of these anomalies, and that fact that the reporting was directly from their accounting team instead of our usual contact at the firm our GC was convinced we had enough for a legitimate claim against them in the $1.5M range as the numbers we too perfectly cooked each month. + +I was mad and frustrated, but I missed the point. + +The goal of suing them wasn't to get the money they owed us. That wouldn't save us from the issue. Instead, the GC wanted to create leverage with the buyer to try and help get them to solve our black swan issue. + +From a negotiation perspective the goal was to make it MORE unappealing for the buyer’s board to walk away from our deal than it was to help us deal with the black swan which they had real leverage and resources to help us fix. + +So in another Saturday/Sunday marathon, before we received the cancellation letter we expected on Monday from the board, we worked to triple check our numbers and got our accountant that was advising us on the deal to do the same. + +Sunday evening our GC sent off a threatening email to the buyer outlining our concerns and cause for potential litigation. + +On Monday we had a call with the buyer and the were furious… Their PE firm was furious. Their big law firm that represented them was furious. + +The call was so tense that I literally had a script that I read and let our attorney do the rest of the talking. + +After the call our side sent over the details of the issue we found and asked for confirmation that they received the docs we sent. + +No confirmation came. + +I called the CEO and was immediately sent to VM. I called his assistant and he was “traveling.” I texted him and got no response though his imessage said "read." + +Finally, I decided to leave a vague voicemail explaining that I’d love a call back as I think there is a creative solution where they can help us solve the black swan problem. + +No calls. No response. No nothing. + +Our plan was to send the demand letter Friday end of day whether we got the LOI cancellation or not. + +With the email drafted and ready to send on Friday evening I got a call from the CEO saying that he won the board over and that they would use their size, resources, and market position to help us tackle the black swan issue. + +The only thing is that we’d have to give up $2M off the purchase price. + +In the end we negotiated that down to $1M and agreed to release our specific claim against the buyer. (But not all claims) + +# A Most Uneventful Closing + +After a few very eventful months of getting the black swan handled. We were ready to close. + +Having never been on a “closing call” I found it comical that 30 people were on the calendar invite… but it was the most uneventful 20 minute call ever. + +It was literally 30 people all agreeing that they had the documents they needed to move forward and then a thank you. The money hit our account that afternoon and suddenly we didn’t own our company any more… instead we were contractors for a new larger company. + +Talking to the buyer’s CEO (my new boss) they spent more than 11x more than we did on legal fees to do the deal. + +Early on in the conversation with our GC, he told us "Throw me under the bus whenever it will help you negotiate better." and "Call out my ignorance and how I'm not a deal attorney." Throughout the entire negotiation it is laughable how much we used this line. + +For us, being "inexperienced" and "not from the industry" was a huge benefit as we ended up walking away from the deal with more cash in hand and paying hourly instead of a % basis. + +I’m also confident that if we went with a firm that “specialized in deals” or anyone that didn’t know our business as well as our GC was able to grasp it, there is no way in heck the deal would have gotten done with the black swan event outlined above. + +In the end, our GC's fee worked out to less than .5% of the deal size. Needless to say we took care of him. + +# Today + +It’s been about a year since I wrote the last post. I’ve got a few months left on my contracting agreement with the buyer. They’re paying me handsomely and overall it isn’t a bad gig. Our timing for our industry couldn’t have been better. The black swan event has been completely handled through indirect means that the buyer managed. + +This morning I sat down to write this update because our GC and I were reminiscing of the insanity of our deal over lunch yesterday. + +When I see the advice of “find a business broker” or find a “boutique investment bank” I just laugh at how bad that advice would have been in our shoes. + +My advice instead is to find a GC that will be in the trenches with you when shit hits the fan. Make sure they’ve helped a few companies close deals without involving outside council, but don’t focus on the amount of “deal” experience they have instead what you’re looking for is someone who will help you manage the negotiation process, strategize about how to optimize your post tax proceeds, and someone to make sure all of the legal angles are buttoned up beyond what is “industry norms.” + +I’m confident our deal was absolutely PAINFUL for the buyer, but early on our GC pointed out that in game theory we were playing a single round game and they were playing a multi-round game. Meaning that because we were a large partner of theirs… even if the deal fell through they’d still want our business. Where if we actually sold the business as was our intent, then we could play our cards much more aggressively. + +We definitely played aggressively and it was a very uncomfortable few months, but in the end it all worked out. + +Hopefully this write up is helpful to someone. It’s just one account, but I find that I personally learn most from reading about other people’s experiences than I do reading about theory. +*I wrote* [this post](https://www.reddit.com/r/ethtrader/comments/b8u9bu/daily_general_discussion_april_3_2019/ek0l5a8/?context=3) *in the Daily this morning, but several folks suggested I post it here on the broader site.* + +What a day yesterday was. It's been a long while since any of us have seen a one day gain like that. I do recommend some emotional restraint (and of course, risk management), hard as it may be, but let us hope that this move marked an official end to the "bear" market. That doesn't mean we can't go down from here back to low 100s, stay here, or go up from here and then range sideways for months. + +I know that some of you might prefer "slow, steady, and sustainable growth" on this cycle for crypto. Sorry, I can pretty much guarantee that's not going to happen. Asset bubbles just don't work that way, and yes, this will bubble just like all of the previous times- since the inception of Bitcoin. We're going to see big one day moves, both up and down. Each time will feel euphoric or gut wrenching. + +[Vitalik briefly discussed asset bubbles towards the beginning of this video.](https://youtu.be/hpSRHa9lKFo?t=80) But basically, the formation of asset bubbles is rooted very deeply in human nature. Yes, it's about greed, and getting in on something that is rocketing up, but it's also about the "micro-incentives" people have to talk to each other about interesting things (both as individuals and the media), thus creating even more hype around it. + +And this is also why I think there's a decent chance we'll see similar levels of potential growth to previous cycles in crypto. For Ethereum, that means we could see anywhere from 2x all time high, to 20x (using Bitcoin in 2017 as a comparator). People thought even $10K BTC was absurd, then their faces melted off when it shot to $20K. Do not underestimate human greed, especially when it creates catchy media headlines and has global access. *You don't have to expect returns that insane, but you would be naive to assume that they are impossible.* Yes, those numbers can be *huge*, but I have little reason to believe that this time will be different. The addressable market of crypto is still massive, and these systems have produced very little so far in terms of real world utility. + +So is *this* going to be the cycle / bubble that will bring real utility to the masses? To be honest, I'd say probably not. I think some use cases which I can't fully predict may catch fire (DeFi, Security Tokens, Gaming ... no idea really). What I do know is we now have enough smart people working on this thing, and building upon each others' efforts permissionlessly that there is potential for some amazing stuff to happen. You can't reliable predict how a platform like this is going to be used- even 1 to 2 years out. + +It also wouldn't surprise me to see this bubble inflate and then pop before Eth 2.0 is even released (although I think we'll see parts of it in the next 2 years, which is close to what I expect this cycle will last for). Some of you may think bubbles are about real world utility. They aren't- they're about the promise of real world utility, and speculation on that promise. And in each bubble, a little more marginal utility is introduced, although it is never as game changing as people expected. + +All of that is to say that this is unlikely to be the last crypto bubble. Some thought 2017 was our "dot com boom and bust." I have read and watched countless recounts and documentaries on the rise and bubble of the internet, and I can assuredly tell you that it was not. And I'm pretty sure this one won't be, either. And I think there's a decent chance that even the bubble after this one will not be "1999 dot com bubble." Maybe the one after that- sometime in the mid-to-late 2020s when this technology is being used at scale for important purposes. + +Anyway, this isn't financial advice. I don't know what will happen tomorrow, but I have a decent idea of what we might expect over a period of multiple years, which is why I remain a long term investor. +*puts tinfoil hat on* + +So I’m gonna see if I can’t collect more data and make a longer post on this thesis, but I’m seeing a lot of similar, unprovoked negative price action occurring in popular reddit stocks where the rest of the market is rising. Companies like NNDM, SNPW, GNUS, SOLO, CWGYF, FDBL, and RBNW just to name a few that I have on my watchlist. All of them have been experiencing a forced, straight downward channel for a month or more with no corrections, price settling, or anything. + +SUNW for example is especially suspicious to me considering they just announced a merger. The day they did, there was no immediate price action. However midday the stock shot up and was quickly pushed back down, followed by a constant aggressive downward channel which continues still. + +Now I want to be clear that I don’t have money in any of these companies, so I’m not trying to justify lost money. I just think the consistency of the downward pattern instigated by very similar sharp downward price action on open is an indication of mass-scale manipulation, perhaps to attack retail investors after the whole short squeeze thing and get some of their money back. + +I wouldn’t be surprised if every one of these stocks had significant short interest. I’ll have to check on that too later. + +I’d love to hear your guys’ input. Yea sure interest rates and hesitation around possible inflation have been wacking up the market, but I feel like there’s something else here. +I've had one on order since march but it keeps getting delayed. With the energy cap rises and the fact they are much more expensive to buy/lease I'm considering cancelling and just getting a regular car for the next 3 yrs. + +Is this the right play? Im in a fortunate position that I could still obtain and run an EV (if it ever turns up) but paying over the odds to charge it seems daft. Off peak energy tariffs aren't a silver bullet if you have reasonable daytime usage (wfh, kids, etc.) +I'm a 20 year old male in the UK. My mother died of cancer in November last year. My father stayed alone in our old house for around 8 months, and has found a woman he really likes. She is lovely, welcoming, a kind person. + +Our house was mortgaged, but was paid off when my mother's inheritance was delivered. I legally own half the house, with the other half belonging to my father. If the house is sold, I get half the money. However, my father wants to move closer to his new partner and his new partner is raising concerns that he should be legally responsible for the entirety of the funds. + +I have £15300 in an ISA that only I can access but I will graduate university with ~£40k debt. I wish I had the funds to pay that off immediately, but I don't know what to do. + +My worry is that if my half is taken, then the legal claim I have to a house bought with the money is diluted from half the house, to at least a quarter between my father, his partner, her daughters and myself. My father's will currently features a cover letter adding that his sons from his first marriage are not to receive any funds or property. I was the only child of his second marriage, and we haven't seen his first two children for 15 years after they were confronted by my father for consuming drugs. They were paid child support by my dad until they both turned 18 but we never saw them after he got mad at them about the drugs. My father provided for them and saw them 3 days a week minimum up until they stopped showing up. + +What can I draw up or produce that legally protects me, and guarantees I will have a house to my name and my name alone when my father dies? I'm being told I'm too young to be responsible for the kind of money selling a £385,000 house would bring but I also know when I'm being ignored. + +Any advice you guys can contribute is great, thanks in advance! + +(Sorry for poor formatting, on mobile) + +Edit: clarification regarding will. + +Edit 2: Thank you for the help everyone, I appreciate the comments ranging from "You're an idiot for even asking, it's common sense" to intricate plans on lawyering up and planning where to invest and safeguard money. Everything helps build up confidence. + +All I can say is that I will contact a lawyer and sit down with all the paperwork I can get my hands on and discuss plans. I'll post an update in a few months. Thank you PF! +I've seen Jim Rogers and others warn about unsustainable debt leading to a crash and then depression and hyperinflation. + +I'm not saying that this will happen, but if it does what will it do to home prices? You've got a depression so people can't buy homes or pay their mortgages, but with inflation hard assets like houses could appreciate in nominal terms. + +What happened with house prices during the stagflation of the 1970s, or in other similar situations? +I just accepted a position with a financial services company. I'm two years out of college, and I've been traveling/teaching since then. This will be my first "big boy" job. My recruiter offered $45k for the position, then proceeded to spend 20 minutes talking about benefits. Afterward, she asked if I had any questions. I was as nervous as could be. + +I said, "I wanted to talk about salary. When we spoke on the phone two weeks ago, you said the salary was negotiable up to $50k. I was just wondering why I wasn't being considered for the full salary even though I bring additional skills to this position in addition to the requisites." + +She said that she would talk to the hiring managers about it and get back to me by Tuesday. Well, Tuesday came and went. Then Wednesday. On Thursday morning I was starting to get nervous, thinking I should email her to touch base. Then I was reminded of the line of The Wolf of Wall Street, that when trying to make a sale, the first person to talk loses. So I waited, and as I was walking home from work I got the call wherein she told me that I was receiving the full salary! + +So I just wanted to thank all of the great advice on this sub. One minute of discomfort has given me a huge leg up on my future coworkers, and the compound effect of a larger starting salary will reap benefits for years to come. + +tl;dr Negotiate that salary! + +EDIT: Thanks so much for all your kind words; this sub has such a great culture of helping one's neighbor. For a little clarity, according to Glassdoor, I'm at the very top of the payscale for this position. I didn't blindly go into the first interview when it comes to salary. I learned what the going rate was for the company, and asked about the payscale. +From what I understand, the vast majority of the benefits are set in stone, so salary is really the only negotiable part. + +I learned to evade questions that were phrased like, "How much were you looking to make?" or "What are your salary requirements?" or "What are you making now?" Every time I was asked, I would evade. I would say, "That's a great question, but right now I'm just focused on learning if X Company is a good fit for me." +Things really accelerated there and I hope we were able to prove that we can’t be brushed off. + +I won’t let this distract from what is important like DRS and supporting our fav company. + +In the end, it turns out I don’t want the smoke from Ken and his team. Maybe it was the drama with heypixel earlier that got me thinking this isn’t worth it. So I took it down after much thought. + +I’d love to talk to a legal team and get it rolling if it makes sense or pass it on to someone else with the balls to hold ownership and do it right. + +edit- Domain has a new owner now. The best part and silver lining here is that I've seen dozens more websites go online on the topic. Godspeed ya'll +Now I'm not sure if it came with a raise but more hours means I'll get more money! Going from 20 hours a week to a full 40 will be a game changer. It won't go into affect until January 13th but I only plan on staying here for another three months because the 13th is also the day my boyfriend leavesa for bootcamp. I plan on saving every penny I can while he's away, along with studying some basic Cybersecurity certifications to get out of retail when we get married after bootcamp. That's at least 7 paychecks I'll be saving, by my estimates $4,500 by the end of the three months, and that's including taking out the taxes. So heres the hope that I'll have that $4,500 in three months! +Axis Midcap had been an underperformer in the past two years. However one thing that I have noticed is that it has a rather high percentage allocation towards consumer discretionary items which in the current economic scenario will have a slow growth because of inflation and they are not absolute necessities. +I have been investing in this fund for the past two years and I believe that once the situation is under control we may see a rapid growth in this sector and subsequently in the fund as well. +I would really like the opinion of this subreddit. Do you think it would be wise to stay invested or switch to some other midcap fund ? +This is such a blatant money grab; it's baffling that people are buying into it. So many examples of this have been done before, including but not limited to Safemoon, etc. APE is a group of opportunists and marketing experts taking advantage of the hype to make rich people richer. + +Owners of Bored Ape NFTs were given the coin first(very rich people), then it was sold to the normies who got FOMO and pumped the price, then it crashed. Yet again, leaving regular people holding bags of pure garbage while the coin pushers wave bye-bye from their lambos. + +I hope no one falls into this trap and makes noise about how obvious this all is. Rant over. +Seriously though, isn't it straight up public record that congress was lied to under oath? Isn't there a video that anyone can watch at any time? Isn't that absolute proof? I get that people get away with things when they have money, but nothing for something of this magnitude? Nobody talks about the straight lying and manipulation of congress? + +Is there a video of someone showing this video to the FBI or CIA or DOJ or something and them having an actual answer to this? Like if you played the in front of the PRESIDENT and the HEAD OF THE SEC what would they say? Why isn't this happening? I mean, it DID happen directly in front of CONGRESS and nothing's happening.... + +Did he not actually lie or something? + +"Let me be perfectly clear - absolutely not" + +Is the LEGAL argument that "he couldn't have known"? The question was about "anybody in \[his\] organization". With an "absolutely not" response as the head of the organization, doesn't "absolutely not" carry weight? + +This is insane. This seems like it's medieval style corruption - so blatant and so in your face but you're just completely helpless. The prince walks by and steals your daughter in front of the city watch and there's absolutely nothing anyone can do. + +I mean, I guess that's how the world works (get em Bo) but it just seems so insane. +First revenue and earnings: + +* Q3 Revenue: $21.45 billion versus $22.09 billion expected **so a miss on top line** +* Q3 Adjusted EPS: $1.05 **beat** versus $1.01 expected + +More important, during earnings call Elon admitted **"demand will be harder"** referring to the global recession he expects. + +Also when asked about **deliveries** he again used the "in transit" argument which makes me wonder he already anticipates a Q4 miss. + +Musk also said that 50% annual growth will be "on average" in other words he probably knows they won't meet that goal this year. + +Overall would not be surprised if Tesla in coming weeks and months **will again miss alot of their targets once hard data comes in, esp. demand and delivery number updates.** + +**Edit:** I know other things were said but Wall Street is not interested in fluff talk. They wanted to hear about demand and delivery numbers and clearly Musk knows rough times are coming. +First off, this probably isn't the right sub. If there's a better one, I'd really love a recommendation. + +I've been in the process of buying a house and got pre-approved and all that with a lender local to where I'd be moving. We went under contract about a week ago and finally got the rates this week, which seemed high. So I shopped around, got some quotes for way lower, and asked my original lender if we could get closer to what I was seeing elsewhere. + +I was in lending for a bit, albeit a different kind, and this was common practice. However my original lender kind of went off the deep end and said because we were shopping rates that she'd cancel our appraisal appointment and tell the seller that our financing was in jeopardy. + +In my flavor of lending, the technical term for this kind of thing was "absolute bullshit". I'd really like to make a report to her licensing board for trying to blow up the sale, but even after some google searches I'm not sure where or who. Anyone have some advice? +Going to get downvoted for this and so far what I’ve read on BCG is that they’re a terribly unethical company. I’m not disagreeing with that. I am, however, asking for apes to be careful about jumping to conclusions that stroke your own confirmation bias. Don’t just Google “BCG” and then add in the words of your least favorite companies” and then post “OMG, they’re connected here and here as well”. Dig deeper and deeper. Separate the crime from the non crime. +Have a McLaren and private party can fetch around 160-170k, dealer in La Jolla wants to give around 130k. Have no interest in having randos joy/test driving it, and while the gap isn't a huge deal for simplicity sake, but would like to maximize my value for it. +Coinbase CEO here. We take our fair share of flak on /r/bitcoin so in some ways it was a normal day. But I was also pretty surprised at what I saw happen today and wanted to share it since it is important that we keep the /r/bitcoin community free of voting manipulation. + +Today we made an [announcement](https://blog.coinbase.com/2015/04/07/introducing-bitcoin-hackathon-v2/) on our blog saying that we're giving away $20k of bitcoin to people building bitcoin apps (a hackathon), along with some other stuff (Boost.VC investment to the winner, guest judges, etc). Not an earth shattering announcement by any means, but overall a positive thing for the bitcoin community that will generate some cool new apps and developer interest. + +Yet you probably never heard about it. + +The first post on /r/bitcoin which went live linked to our blog post. +http://www.reddit.com/r/Bitcoin/comments/31s4gz/introducing_the_bitcoin_hackathon_v2/ + +Combined up and down votes came to a total of 0, along with a nice "Fuck off Coinbase" message. + +Some media decided to write about the hackathon, and thinking the above situation was sort of strange, I went ahead and posted a link to one of the articles: +http://www.reddit.com/r/Bitcoin/comments/31son1/adam_draper_fred_wilson_and_gavin_andresen_to/ + +Same thing happend: 2 upvotes and and a nice "fuck off Coinbase" message by the same throw away account. + +This is especially surprising if you consider that last year when we ran the exact same Hackathaon, it got 289 upvotes. http://www.reddit.com/r/Bitcoin/comments/1xu0ot/coinbase_launches_bithack_an_online_bitcoin/ + +Seems pretty obvious it would get upvotes. You don't even have to use the Coinbase API at all - you can literally build any cool app that uses bitcoin in any way and we will give you free money. The outrage! + +I've been trying to think about how this happened. My only theories are: + +**1. Reddit voting ring detection is busted and is downvoting us incorrectly** + +There are a bunch of Coinbase employees in one office behind a single IP, and some of them might have upvoted it (although we discourage this in case it triggers voting ring detection). I can't imagine more than a few Coinbase employees upvoted it, if any, before it got downvoted though, so I'd be a little surprised if this was the case. + +**2. There are bots or trolls actively down voting Coinbase stuff** + +This seems plausible given the throw away account chiming in on both posts. But they would need (I assume) more than a troll or two to actively down it into oblivion. + +**3. There is some other explanation I haven't considered** + +I have noticed that a lot of our posts that make it to /r/bitcoin have very binary outcomes - either they sail to the front page and get upvoted to the moon, or some trolls snag the first few votes, and it never sees the light of day. + +Anyway, if there is some other theory I would love to hear it - it would really suck if people were figuring out ways to manipulate reddit's voting for any purpose. Even if you don't like Coinbase, hopefully we can all get behind preventing voting rings (and giving money to bitcoin developers). + +So...what the gosh darn heck is going on? + +-- + +**Edit:** troll justice, now that this is on the front page please [register for our hackathon](https://developers.coinbase.com/bithack/register) which is giving $70k in total prizes to people building new bitcoin apps all over the world. Fred Wilson, Chris Dixon, Gavin Andresen, and Adam Draper will be guest judges. This coincides with the launch of our new [developer site](https://developers.coinbase.com). Thank you! +Sorry for the title gore. I noticed this on Chase's home page when I went to login today: + +https://www.chase.com/resources/guard-your-id-and-password + +Seems like they don't think these personal finance tools have the proper security measures in place. I stopped using Mint last year, and disconnected all my accounts from Credit Karma, as I couldn't get a complete financial picture using either of them. + +Obligatory Edit: Woah, this blew up quickly. + +I only use Chase for their credit cards, so I think the $0 fraud liability with VISA would protect me no matter what Chase tries to weasel out of. + +Also, thanks for teaching me that my passwords on Chase.com are not secure, since they don't recognize case-sensitivity. +He did his own research and came back with "Ethereum is corrupted and centralised, and Ethereum classic will go up in value if Ethereum switches to PoS because miners will switch ....". This made him invest in classic instead of Ethereum. + +I told him that if everyone believed the same thing, that it can become a self fulfilling prophecy (to a point) and ETC could indeed go up in value. Ethereum will certainly get a lot of flak for switching to PoS. Nonetheless (i explained) the fundamentals are still wrong. + +Maybe I'm just venting. +Hi all, to expand on the title I worked for a small company for a bit over three years during which that time I was underpaid dramatically. I just spoke with my accountant who has figured I'm owed roughly $69,000 - though due to the award changing and some of the recorded hours not lining up with what I was paid that's not necessarily the final number. Is there anything I should be asking him when I meet with him tomorrow? I'm already planning on asking about how it'll be taxed as well as super. + + +Does anyone else have any experience doing something like this? I'm expecting my previous employer to deny this figure, though he has already admitted to owing me a bit over $19,000 before tax. How does the process with Fair Work go? + + +Thanks all. +Good morning. Just a few questions regarding kids college funds. + +We have 3 kids; 8, 11, 12. We would possibly like to start an investment fund (429?) for each of them. + +What happens to one if he doesn’t decide to go to college? (military service, trade school, apprenticeship etc) + +Are they able to use it on trade schools etc? + +If they don’t use it are they able to roll it into an IRA or other type of fund? + +If it’s not needed are we able to roll it into the two other kids? + +If it’s not needed, can it be pulled out for “life start up” type costs and expenses (apartment, house)? + +Thanks for the advice. + +Edit: 529 plan. +Source: http://money.cnn.com/2018/05/29/news/economy/china-tariffs/index.html + +> The final list of covered imports subject to tariffs will be announced by June 15. Those tariffs will take effect "shortly thereafter." +> +> Proposed investment restrictions will be announced by June 30 and also take effect at a later date. +London (CNN Business) - Companies have spent the years since the global financial crisis binging on debt. Now, as the coronavirus pandemic threatens to push the world into recession, the bill could come due — exacerbating damage to the economy and feeding a meltdown in financial markets. + +Looking to take advantage of low interest rates, companies have rushed in recent years to issue bonds whose proceeds could be used to grow their businesses. Corporate debt among non-banks exploded to $75 trillion at the end of 2019, up from $48 trillion at the end of 2009, according to the Institute of International Finance. + +As the coronavirus spreads — touching off a plunge in oil prices and a collapse in travel, and shutting factories from Italy to China — there is increasing alarm that companies in the energy, hospitality and auto sectors won't be able to make their bond payments. That could trigger a spree of ratings downgrades and defaults that would further destabilize financial markets and compound the economic shock. + + +Continue reading: https://www.cnn.com/2020/03/14/investing/corporate-debt-coronavirus/index.html +https://finance.yahoo.com/news/warren-buffett-todd-combs-ted-weschler-investment-performance-103822072.html + +“[As of] March 31, actually one is modestly ahead [of the S&P 500], one is modestly behind,” Buffett said. “They are extraordinary managers... It's been a tough period to beat the S&P. And like I say, one is now ahead of the S&P over that period. One's modestly behind.” +Hoping for some advice here. As it says in the title, I walked away from a Commonwealth Bank ATM without taking my cash ($20). I ran back within a few seconds but just as I got there it pulled the money back and showed a screen that said it took the money back for security purposes with a phone number to call. I phoned and Commonwealth Bank said that since I used a different bank’s card I would have to direct it directly to my bank (QBank). + +I contacted QBank and they said they need to launch an investigation and it would cost $27.50! Obviously doesn’t make sense to proceed but I think this is really poor and I am wondering if there is anything I can do about it. It’s not the end of the world if I lose $20 but for me it’s the principle. I think it’s so greedy. I have all my accounts and a mortgage with them. + +In my email reply I asked for it to be escalated to a senior manager. + +Is there anything I can do? + +UPDATE: +Qbank are processing this for me without the fee, which is great. They make over $700 a month from me in mortgage interest so I did feel that as a customer probably for the next 17 years they should be able to waive a $27 fee (and they did). + +Thank you everyone for your feedback. Just to clarify too, if I left the money in the ATM and someone took it I would have been fine that this was a $20 mistake. My issue was that the ATM took the money after a very short while - why should the bank get the money I forgot? + +Anyway, thanks everyone! +Source: [https://www.bloomberg.com/graphics/us-economic-recession-tracker/](https://www.bloomberg.com/graphics/us-economic-recession-tracker/) + +Here we go again.... +This isn't financial advice. I'm in idiot. Constructive criticism is welcome, and I'll try to include any good points brought to my attention with edits. + + +**Algorithm Counter DD** + + + +All the algorithm talk is making me, but not just me, concerned. I'm not worried by any of those conclusions, because the methodology appears rooted in conjecture rather than mathematical or logical testing, making them moot. However, because the approach to those conclusions isn't methodological, then incorrect conclusions can just as viably be submitted. Having good information and arriving to correct conclusions reliably is the most important tool which we exercise. If we are to remain on a path of proper discovery and dissemination of information, then we must critically examine submissions about Algorithms + + + +**What is an algorithm?** + +a finite sequence of well-defined, computer-implementable instructions, typically to solve a class of specific problems or to perform a series of computations. If you input a given value or condition into an algorithm, it returns a result based upon the rules that have been established. + +Examples of an algorithm: + +Simple Example: + +y=2x + +More complex example: + +when x is between 1 and 100, y=2x +when x is less than 1 or greater than 100, y=x + +An algorithm can provide different responses or results based on the input value. + + + +**When is an algorithm used?** + +An algorithm can be used to perform a series of complex computations or actions within the known set of parameters automatically. The primary function of an algorithm is to save time. A human could manually perform any set of calculations by hand, but a calculator is likely faster. Similarly, an algorithm will save time. In an environment like stocks, the parameters for an algorithm can be super complex while simultaneously executing the results quickly enough to take advantage of the fluctuations + +Example of parameters that *could* be used in trading: + +If: price is > $190 AND + +volume for previous 1 min interval is < 5000 + +OR + +previous 1 min interval ended with price higher than interval previous + +Then: Submit wash sale sufficient to drop price to $190 + +Else: do nothing + +If price is < $190 AND + +volume for previous 1 min interval between 5000 and 8000 + +OR + +It is a Tuesday before end of Quarter + +Then: execute buys on private exchange + +AND execute sells on public exchange + +Else: eat mayo with a ladle + + +A post stating to have 'cracked' the algorithm or similar is suggesting they have determined the variations of specifics in the example above. That would require proving mathematically and/or with conditional statement parameters how things are changing. Manually adding lines, manipulating images with overlays, and/or conjecture of overall movement is NOT sufficient for identifying specifics of an algorithm. It's reasonable for us as peer reviewers to expect a DD on an algorithm to clearly define discovered parameters mathematically and/or conditional statements. Then we can test those parameters are by inputting known values and comparing them to the known results. + + + + +**An Algorithm IS NOT** + +a TI-86 that no one has control over. It is not an out of control AI beyond the ken of mere mortals. It is not static. + +Banking/Trading institutions throw tons of cash at the smartest people in their field to create the algorithms that are used. These algorithms are created by individuals, and maintained by individuals, and are not some alien tech or unfathomable science. The people in charge can dictate changes they want to see happen in their approach, and the algorithm is altered to accommodate this change. It's important to know that any given algorithm can be altered, because if it is immutable, then it can eventually be discovered by competition, who you can bet will take advantage of it. + +**Conjecture and FUD warnings:** + +Posts stating an algorithm is in control imply that humans are no longer in control. I see a few issues with this assumption + +1- humans aren't in control, therefore we can't rely on human solutions: + +Suggesting the 'algorithm is in control' is like a driver saying 'the car is in control.' This can be potentially problematic, as bad faith actors can push the argument of 'the algorithm won't let it,' or 'no one is in control.' This is factually incorrect. We know flesh and blood humans are dictating any algorithmic changes. We also know, despite any algorithm, who is in control. Apes are in control. Despite whatever arguments about who will let what happen, remember the DD. There is only one lock. There is only one key. Apes hold that key. + +2- The Algorithm made me do it: + +People created this scenario, not an algorithm. Ken G, Steve C, and the rest of the fuckeroos are the ones who made the decisions. They have ultimate culpability and saying 'tHe AlGoRiThM!1!' removes the criminal responsibility these people personally own. Speaking for myself, I'd rather keep pointing a damning finger at the people who intentionally led the trolley car into a canyon, rather than blaming the tracks. + +3- There is NOT One Algorithm: + +Why are suggestions from Netflix and google different when deciding what to watch? They use different algorithms. All the various institutions at play likely have their own proprietary software and their own finely tuned algorithms. These may work is concert or opposition to a competitor's algorithm. The efficacy of any single algorithm is directly tested by a competitor's, and it's an insanity game trying to guess who's is at work and when and whether they've been changed. + +4- It doesn't matter + +Whether or not there IS an algorithm, that doesn't change Ape strategy: Buy if you can, Hold if you can't. Any specific changes to an algorithm won't affect that. Once the price starts going up, all algorithms will be useless due to necessity of a single process: Buy GME or increase Bid until enough GME is bought to close GME shorts. + +Even if enough insight into the specifics of a single algorithm can be definitively exposed, with the number of eyes on this sub, I guarantee those exposed parameters will be altered by the owners ASAP. Endeavoring to reverse engineer an algorithm therefore provides very little insight given our known strategy. + + + +**Kill 'The Algorithm':** + +As an alternative to speaking about *[The Algorithm]* as some On High GME Gatekeeper chasing us away from the lush grass of Tendietown, consider using this approach to explaining the ideas for DD: + +-Pattern + +This would better be used to explain the various cycles that are analyzed and follow a recognizable form. Changing support lines, short term trends because of large or small price changes. + +-Trend + +A trend is the general direction of a price over a period of time. Though there are highs and lows, GME is trending UP + +-Strategy + +A strategy is a plan or policy that is designed to acheive a major or overall aim. For GME, shorts' strategy is to keep the price low + +-Tactics + +tactics are specific actions or steps that are used to implement a strategy. For GME, shorts' tactics are wash sales, married puts, and delusional lunacy. + +- + +The most solid DDs are comprised of one of these ideas even if they don't use the exact terms. The terms aren't important, it's more about having a solid approach to what is being discussed and how it is relevant to other conclusions (though some of these are well established enough to not need reiterating, such as the shorts' strategy to tank the price). + +Examples, Broadly speaking: + +-I've noticed this pattern occurring within this trend. Based on this pattern, I have used supporting data to support, but not prove, a general strategy that is being used. This strategy is possible due to the utilization of these tactics. + +-I've taken a set of data and mathematically/statistically analyzed it, and the results correlate with a pattern or trend. The correlation indicates involvement of these elements which weren't previously expected to be involved. + +Examples, Somewhat specifically: + +-Over the past 6 months, GME has demonstrated a TREND of higher highs and higher lows. Within this trend, we've noticed a PATTERN of price spikes and falls at work. This pattern supports a theory of, but does not prove, a TACTIC in which FTDs are being reset periodically. These resets coincide with our understanding of shorts' overall STRATEGY of keeping the price low and not closing positions. [Note: I'm using the word 'theory' in a scientific sense. A system of ideas and/or independently provable conclusions are used to create and support a theory. The theory can still be proven incorrect as new information is learned or discovered.] The T+21 theory was based on the previous iterations of the price spike. We hypothesized a spike in price the week of June 9th based on the T+21 theory. When this hypothesis proved false, the T+21 theory was reviewed, and an underlying assumption was struck down (that assumption being that shorts HAD to follow a T+21 pattern). + +-Using this known dataset of all stocks, and using the following methodology, this list has a high correlation to the GME trend or GME patterns, suggesting that these stocks are being manipulated as a group. Looking at the list, it's clear that entire ETFs are being manipulated to suppress the price of GME. + +- + +**TL;DR** - There is no single Algorithm and trying to figure out specifics of one is not worth the time or effort. DDs about an algorithm are often flawed, with little substance or data driven conclusions. As algorithms can be changed, the effort is largely wasted. Any DD about algorithm would be better served by using known alternatives. + +Edit1: formatting +TL:DR – If you buy an item and the seller sends one that differs significantly from the description or is defective, you have the right to reject the item and require the seller to retrieve it at their expense - no matter what the seller’s return policy says. You also have the right to a full refund. Rightful Rejection is part of most state law and based on the Uniform Commercial Code. It is also written into Visa International’s rules. Don’t believe Citibank representatives or anyone else who tells you otherwise. +________________ + +Edit: Thanks for the gold, mysterious redditor. + +A few months ago I purchased an item from a online site and used my Citibank Costco card. Rather than the new item I purchased the company sent a used one that had obvious damage and signs of rough handling. I notified the company immediately and asked the seller to retrieve the item. The company refused to take the item back unless I paid both return shipping and a 20% restocking fee. This would have resulted in my having to pay almost 33% of the purchase price (without insurance) just to return a used item that should never been shipped in the first place. It would also have made the successful shipment and receipt of the item my responsibility. If it were lost or damaged in transit it would be my problem. + +When I went to chargeback the item the Citibank representative insisted that I was required to send the item back at my expense and was required to pay the restocking fee because I was subject to the company’s return policy. She said I was required to return the item before disputing the charge. I initiated a chargeback anyway with a different rep. + +Sure enough Citibank found in the company’s favor and reversed the chargeback. In their **written** response Citibank said that since I had not returned the item at my expense the chargeback was not valid. + +I spoke and chatted with no fewer than 9 different Citibank representatives during this dispute and every single one said that I had to send the item back at my expense and was subject to the seller’s restocking fee. When I pointed out that both state law and Visa International rules say otherwise the representatives that responded said that Citibank was not subject to either and followed their own rules. + +While Citibank may not be required to enforce state law in this matter, they are required to abide by Visa Merchant Rules and cannot require the customer to absorb return costs or pay a restocking fee when the customer has refused an item for a valid reason. They must abide by Rule 53 of the Visa Merchant Code: + +**Visa Merchant Code Rule 53 – Not as Described or Defective Merchandise.** + +Definition - The card issuer received a notice from the cardholder stating that the goods or services were: +• Merchandise or services did not match what was described on the transaction receipt or other documentation presented at the time of purchase +• Not the same as the merchant’s verbal description (for a telephone transaction) +• The merchandise was received damaged or defective +• The cardholder disputes the quality of the merchandise or services +• The merchandise was identified as counterfeit by the owner of the intellectual property or authorized representative, a custom’s agency, law enforcement agency, other governmental agency or neutral bona fide expert +• The cardholder claims that the terms of the sale were misrepresented by the merchant + +**For this reason code, the cardholder must have made a valid attempt to resolve the dispute or return the merchandise. An example of a valid attempt to return may be to request that the merchant retrieve the goods at the merchant’s own expense.** + +Mastercard and Amex’s merchant agreements have similar provisions. + +I reinstituted the chargeback and insisted Citibank abide by applicable Visa International rules. After hours on the phone and extensive documentation of my claim they finally found in my favor. The entire process took months and was ridiculously difficult. + +Later I received a letter from Citibank’s executive office in response to a complaint about the misinformation spread by Citibank’s representatives and they “respectfully” denied that any misinformation was provided, despite the fact that they had done so in writing. It was that letter denying what the company had said repeatedly that led to this post. In my opinion when company representatives consistently provide false or misleading information it is done deliberately and with the blessing of corporate management. That seems to be the case with Citibank. + +Don’t allow an unscrupulous credit card issuer like Citibank to deprive you of your rights or cost you money you aren’t required to pay. +Why I think $CATE is a moonshot: + +➡️ #CATECOIN is trying to bring all #meme creators in one place and help them earn from their work. + +Nobody tried this before and nobody knows how big this market is, Every platform is full of memes from Twitter to Facebook and Catecoin is helping all meme creators using its platform. + +➡️ Meme coin with a use case. $CATE’s goal is to beat $DOGE, which I believe it will with its constant record breaking achievements, and that’s atleast 2000x from here. + +➡️ Listed on CEX just after 1 week. + +➡️ Listed on CMC even before listing on pancakeswap/ Listed on Coingecko in just 24hrs. + +➡️ Unbeatable as the number 1 trending on dextools eversince it launched up until now! + +➡️ Future binance listing is planned. + +➡️Greatest community I’ve ever been in! 😽 + +➡️ Fast growing holders (~100k now in a week, FASTER THAN SAFEMOON AND SHIBA!) + +➡️ More cex listing coming very soon, as it already received offers from tier 3 cex in just 5 days since its launch! + +➡️ Got celebrity support. Even Cameron Dallas said it can be the $doge killer. + +Contract address: +0x118F073796821DA3E9901061B05c0b36377B877e +Today was a blood bath in a sea of red. It hurts watching that portfolio total go down. Being mostly invested in dividend stocks helps me with these wild swings as I at least got to see a few div payments in my account the past few days. The great news is that I do have a nice stash of cash saved up, just for these dips. Always keep some cash back just for these blue light specials! + +Just wanted to say to those who are new to the investment game...stay long and strong (Now you are singing "Baby Got Back" song in your head). These bad days will go away and you will see gains. Take a break from the market action for a bit and remove yourself from the ticker watching. R-E-L-A-X. This too will pass...like a kidney stone, but it will pass. Stay the course and know that next to compounding dividends and interest, the next great force of investing is DCA (Dollar Cost Averaging). Buy Low, Sell High and you don't lose money unless you sell at a loss. If you liked the stock yesterday at a higher price, you will love it today at a lower price. Make sure you buy quality and not chase the yields. + +I feel the market will be super choppy and mostly down this whole year and possibly into the next (My opinion only). It will correct itself in time and we get to watch it go up again and see beautiful green upward lines in our portfolio charts. Investing is a long game. Don't quit the game before you have a chance to win. +I'm still quite new value investing and all, but do any of you old timers ever get overwhelmed by everything and just go "Screw it! I'm just gonna put everything into SPY? +I have been playing around with a trade in my head, which I wanted to solicit some feedback on. The trade is based on ETFs rather than individual stocks, as my profession prevents me from investing in individual securities. + +**The Premise** + +The trade builds on a few basic beliefs + +1. Higher-than-average inflation is likely to persist in the medium term, and there is a non-zero probability that inflation significantly overshoots and exceeds the 5-6% we're seeing in the Western economies today. Continuing supply chain issues further exacerbate the monetary inflationary pressure +2. Commodity prices still have some runway until they hit previous peaks. The IMF's commodity index was at 168 in Q3 '21 vs 182 in 2011; Energy is relatively more depressed with a Q3 value of 194 vs 233 in 2011. +3. Global economic recovery is still nascent with particularly long runway for recovery of flight volumes +4. The Energy and Materials sectors have become thematically unpopular and are therefore trading at significant discounts to history (and other sectors). Energy stocks in the S&P are the only sector trading below 10yr avg EV / EBITDA, with Materials trading right around their 10yr avg. The MSCI World Energy index trades around 5x NTM EBITDA. + +**The Trade** + +If you believe the premise above, inflation will persist and/ or increase. More precisely commodity prices and, in particular, energy and oil prices will continue to rise. + +To benefit from inflation, I would want to own businesses with high pricing power and a high concentration of fixed costs. This would include financial institutions, commodity producers, and consumer staples. However, given the specifically surpressed valuations of Energy and Basic Materials producers, I think there is more upside to be had in targetting these sectors. + +The obvious risk is that we are in a world which is moving away from oil (hurting energy), and the economic recovery may be protracted (hurting both oil and basic materials). However, at current valuation levels, these businsses have decent dividend yield and present a much cheaper stream of steady cashflow than the rest of the index. + +My prefered picks for executing this trade have been: + +* MSCI World Energy tracker ETF +* Europe 600 Basic Resources tracker ETF +* Bloomberg Commodity Index tracker ETF (which I would like to trade out of and into the above, as this is a pure price play with no cashflow) + +What are your thoughts? I'm particularly curious to test if I am missing any particular risks which could materially affect this trade. +So today I searched for "Apple net debt" i.e., total debt - cash & equivalents. The result on macrotrends suggest they have 14b excess cash. I then went to apples balance sheet and low and behold, they have roughly 120b in total debt & only 20b in cash - so net debt of 100b. + +I'm happy to look through the balance sheets myself but honestly just a quick google search is better - now I realised how easily the data can be wrong if you're not looking at the balance sheet itself. ....so basically what websites are free & good at providing this kind of data? I use financecharts.com but it's pretty limited. I use yahoo when I want to read the balance sheet. Any website where I can just search "net debt msft" and get a solid answer? +What do you guys think about Lockheed Martin (LMT)? I have been researching this company and it looks like an interesting value play at these prices. The company enjoys a 'huge barriers to entry' moat in my opinion. It is at a forward P/E of 13, the company has grown its revenues, equity, earnings and cash flows quite significantly in the last 10 years and is financially very healthy. As per estimates it is expected to grow by around 6% going forward and also has a dividend yield of 3% Anyone interested in LMT? Would like hear your thoughts? I haven't finished my full analysis yet, will share it here soon. +Lately I've become increasingly concerned about my ability to act rationally in equity markets, especially the US. Today we got a YoY CPI of 7.7% in the US, 0.2% below expected 7.9%, the market rallies like crazy 5.5%. Now on a surface level I understand the mechanism which causes this crazy swing, I just wish things were not this emotional... irrational... Like even though CPI is a backward indicator, 7.7% inflation when fed funds is 4% is just not good news, regardless of "beating" expected by 0.2%. Like it's increasingly becoming clear to me that in the short term the stock market simply lurches from extreme fear to extreme greed. + +Now I hear people saying "well duh" didn't you know that the market is a gambling casino in the short run. I always disagreed with that notion as simply a reflex response by people who couldn't be bothered to try and analyse current economic and political events that cast a shadow over the market. Clearly I've been trying to rationalise human emotion and recently have come to the conclusion that quite simply fundamental analysis is not a clear indicator of future success and therefore am trying to decide whether the idea of "value" investing is relevant in this digital age of stock market investing. I wonder if indeed the concept of "fair value" is a conceit of academics and the simple answer is that the current climate of either fear or greed, determined by current macro and micro events, will dictate the value of the stock in both the short and long term. + +Now of course earnings matter, revenue growth, product launches, acquisitions, management etc... But a climate of instant information and financial sophistication seems to negate any significant "value" edge that investors may appear to believe that they have. I'm not simply suggesting we should all give up and "DCA into the index bro" attitude, I wonder if the market is really a value machine and not just an emotions vehicle, lurching from hyper greed to paranoid fear. Or maybe I'm just disillusioned with the current hyper information age of stock investing and the advent of indexation and hyper financialization. Sorry for the ramble and curious how people detach themselves from the day to day emotions of the market? +Hi value team. + +A vague question which could possibly be appropriate for many companies. +Currently mid DD on a company, which I like so far, great management, great past, great outlook, great balance sheets, huge clients, sainsburys, amazon, tesco to name a few. +The issue I'm having is they issue new standard shares, and have done 4 or 5 times since IPO. + +Now usually I would steer clear, but being the type of company they are, they have large outlays in upfront cost, which then return over several years. Year by year they get larger, no dividend cut, and all the 'good stuff' on the annual reports are increasing each year consistently. They have nearly as much assets as their entire market cap, with less than a third of that in easily covered long term debt. + +They do well with their capital. +So the question is to all fellow value guys and gals, should share issuing be a concern, when past shows they turn 1 into 2 quite well. +Last issue was this week at 8~9% MKTCAP + +If I get decent responses then I will let you all know what the company is, I just want opinions first on how others would deal with this information on a blind analysis + +THANKYOU +[EDIT] I was too worried about making a typo in the post, that I butchered the title. Sorry folks + +[EDIT 2] [More Pics](https://imgur.com/a/2JYLPua) + + + +**[EDIT 3] For anyone interested, I did a similar breakdown last fall about the TCO for my car that I had just paid off. There was a lot less moral discussion and shaming, but disagreements did come up [Here's the link](https://www.reddit.com/r/personalfinance/comments/7t4ijs/recently_paid_off_my_car_and_crunched_some/?ref=share&ref_source=link)** + + + + +My wife and I decided to get a puppy last fall to give our current dog some companionship (*and for me to stave off the discussion of having a baby right now*). We already had a [7yr old Australian Cattle Dog](https://imgur.com/a/4ebJIRe), also called a Blue Heeler, and knew that we wanted to get another ACD. For those that don't know, they are super smart herding dogs bred for moving cattle by nipping at their heels (*hence the name*). Their intelligence is great because they can pick up on things very quickly, but they are also super hard headed and can even outsmart their owners. + + +So we picked up [Annie](https://imgur.com/a/n1EHjmc) on Nov. 4, 2017 from a guy off craigslist. I know that there are tons of rescues out there that need homes and there are even ACD rescue groups around the US, but the breeder was just someone who had 2 Heelers and had a litter of puppies. This was not a puppy mill situation at all. The dog cost us $400, was 8 weeks old and had already been given her first round of shots. + + +Here is a breakdown of what we've spent since last November when we got the puppy. Friday is her birthday, so this is a year's worth of expenses. + + +[**Total Cost of Ownership for 1st year**: $1888.28](https://imgur.com/a/dAKrHsF) + + +**Basic Categories** + +* *Food* - $237.41 [We have been using Iams Smart Puppy from Kroger @ ~$18/ 15lb bag. This lasts 3-4 weeks] + +* *Boarding (9 nights)* - $191.00 [We board both dogs at our vet for $21/night/dog. Normally we try to take them with us or have them stay with my parents] + +* *Supplies (crate, bowls, leash, etc)* - $166.49 [This included a baby gate to close off the living room that the puppy figured out she could climb over after only 30min. Again, very smart dogs] + +* *Vet (shots, flea meds, spay, etc)* - $794.38 [Spaying cost $315, various puppy shots and vaccines were $290 bc our vet messed up and we had to redo some of them. Trifexus (combination flea/heart worm pills are ~$26/month)] + +* *Breeder* - $400 + + +Having already had a dog for 7 years, we knew the costs associated with having a puppy and living a normal human life with a dog. Now that we have 2 dogs, traveling out of town takes more thought and planning because we either have to board both, take both, or take one and leave the other with someone. Now that the puppy is a year old, both dogs will be eating the same food, which will save a little bit of money. + + +Sometimes when people decide to get a pet, no matter the species, they only think about the upfront cost. I just wanted to break down what the actual costs were for a year of owning a puppy just in case anyone was considering getting one. *Granted, the joy/happiness (and frustration) we've had this year is worth much more than $1900* so you can't put everything into dollars. + + + +**[Edit]** One thing that I didnt mention and others have commented about below is the time commitment required to having a puppy, or just any dog. The waking up multiple times at night to take them out when they are little, or coming home during the day/having someone take them out. There were a few months when I was exhausted every day at work from getting up every couple of hours to let her out and it seemed like it would never end. But now she joyfully goes in her crate around 9:30 and doesnt make a peep until around 6 (when I get up for work). Things will only get easier as she realizes that weekends are for sleeping in + + + +Go out and hug your animal today (or if you don't have one, enjoy your clean house/apartment). They might cause us headache, but they are also really fun to be around. + + +So what are people’s thoughts on the 5 pips a day concept? It’s pretty much the idea that you have a really small target, and look to compound small consistent profits. The way I’m testing it now, I have a 1:0.5 risk to reward, but the win rate is above 90%. + +Point being, are there any traders that have found consistency using this concept? Or what have been the main reasons some of you chose not to use the 5 pips a day concept +I've taken a break from trading in general, I worked at a prop firm for a short amount of time. After leaving I kinda have "bad taste" in my mouth in regards to trading. I can't help but feel like the soul goal of trading is to find someone less intelligent than you to "Hold the bag". + +&#x200B; + +With the aforementioned in mind shouldn't a traders focus be on figuring out where the dumbest traders are and how to capitalize on their moves? For instance if you know the average trader believes in technical analysis, look and see where they buy and use the liquidity to dump shares to them ? Is there something I'm missing ; a deeper reason to trade ? It feels like the wealth a trader earns comes from the decisions the ill-informed make based off lies that have been perpetuated by morally depraved individuals. (Don't even get me started on market manipulation. lol) + +&#x200B; + +Anyways just wanted to start a discussion on the morality of trading and whether there is more to trading than looking for suckers. (sorry if this comes across as rude, just wanted to talk about this with the community) +Ukraine's President (Volodymyr Zelenskyy) [just tweeted that Italy's Prime Minister was now on board to kick Russia out of SWIFT](https://twitter.com/ZelenskyyUa/status/1497502946480869378). Germany got on board yesterday. By my count that only leaves Hungary as the only country left with a say in this who hasn't already said they are in favor of kicking Russia out. + +Assuming they cave, what are our speculations about the implications? Of course this is yet another massive kick in the nuts for Russian companies and for the Russian economy generally. So can expect the Ruble and Russian stockmarkets to tank further - or rather Russian stockmarkets will tank further when trading is again allowed. But what else? I thought maybe German stockmarket would suffer too since their companies do quite a bit of business with Russia, and perhaps the Euro more generally versus safe havens? +Hello! + +I myself lost thousands of dollars on January 28th playing NOK, and BB. I know I stand with thousands of other individual investors that experienced the same. Personally, I refuse to ever deal with such a circumstance. If you YOURSELF disagree with the practices set forth by Payment for Order Flow brokers, it is recommended to Direct Register your shares. + +What is Direct Registering? + +To make a long story short, Direct Registering with Computershare takes these shares out of "Street Name" and puts them into your name. These shares then can not be borrowed against, or used to short a stock that YOU own, and believe in. + +&#x200B; + +How to direct Register. + +Contact your broker by phone, state you wish to direct register your shares. They will ask how many shares you wish to direct register. Your shares will then disappear from your broker and that's when you know they are with Computershare. + +&#x200B; + +What to do when the shares disappear? + +You want to go to Computershare.com , then Investor Center. You then use your Social Security number to locate your shares. Boom, your shares have then been removed from Street Name and into YOUR name. + +It's that easy? + +Yes its that fucking easy. +Guten Tag to all of you Great Apes across the world! 👋🦍 + +Yesterday the German markets led with a surprisingly strong push to $219! Diamantenhände HODLed strong, leading to ridiculously low volume and another sideways day. Reverse-repos set a new record - with them usually rising in the last week of a quarter, we may see the first trillion-dollar day soon. Banks have boosted dividends in a move very similar to what they did ahead of the 2008 crash, and another brokerage platform has given a peek behind the curtains. Let's see where the German markets take us on the last day of June! Join apes around the world to watch low-frequency updates from a single German exchange as we prepare for the US pre-market to open! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$210.13 / 176,38 €** +- 🟥 115 minutes in: $213.35 / 179,07 € +- 🟥 110 minutes in: $214.16 / 179,75 € +- 🟩 105 minutes in: $214.18 / 179,78 € +- ⬜ 100 minutes in: $212.16 / 178,07 € +- 🟩 95 minutes in: $212.16 / 178,07 € +- 🟩 90 minutes in: $212.13 / 178,05 € +- 🟩 85 minutes in: $211.59 / 177,60 € +- 🟩 80 minutes in: $210.97 / 177,07 € +- 🟥 75 minutes in: $209.39 / 175,75 € +- 🟥 70 minutes in: $209.42 / 175,78 € +- 🟥 65 minutes in: $209.81 / 176,10 € +- 🟥 60 minutes in: $210.61 / 176,78 € +- 🟩 55 minutes in: $210.85 / 176,97 € +- ⬜ 50 minutes in: $210.82 / 176,95 € +- 🟩 45 minutes in: $210.82 / 176,95 € +- 🟥 40 minutes in: $210.76 / 176,90 € +- 🟩 35 minutes in: $210.82 / 176,95 € +- ⬜ 30 minutes in: $210.76 / 176,90 € +- 🟥 25 minutes in: $210.76 / 176,90 € +- 🟩 20 minutes in: $210.79 / 176,93 € +- 🟥 15 minutes in: $210.67 / 176,82 € +- 🟥 10 minutes in: $210.76 / 176,90 € +- 🟥 5 minutes in: $210.79 / 176,93 € +- 🟩 0 minutes in: $210.91 / 177,03 € +- 🟥 US close price: $210.88 / 177,00 € *($210.50 / 176,68 € after-hours)* + + +*** +FAQ: To generate this data, I'm capturing current prices in Euros at https://www.ls-tc.de/de/aktie/gamestop-aktie and converting to USD. Today's EUR -> USD conversion ratio is 1.1914052. I created a simple C# application that assists me in scraping this data and updates the post automatically. + +Today I am testing an alternate method of fetching data, using quote data from Yahoo Finance APIs to calculate an average of 7 German exchanges and volume. Those results will be posted in the comment section. + +Many among the Diamantenhände community are concerned about the well-being of the originator of the series, u/DerGurkenraspler. I also am worried, as I have tried to make contact many times and haven't received a direct response. Over the weekend, DerGurkenraspler appears to have deleted their Reddit account. While this gives me hope that they are alive and well, it seems to be a certainty that they will not be resuming their role as the originator of the series. I've been serving as guest-host since their unexpected absence began and I intend to continue to post updates, but dearly hope that DerGurkenraspler is well and sincerely thank them for the effort they put into building the worldwide community that lives on. + +Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Hey, + +I'm not a regular poster here, although I follow the chatter from the sidelines. + +Long story short, I just received an email by Degiro starting that after an internal deliberation, they will be closing my account. Reason started was due to my tax residency. I've had my account for around 5 years. + +I can understand that they can do this, but it seems discriminatory. That said, it is not totally their fault. + +Looking at options, I'd rather move to a separate broker before they close my account. I have a month before that happens, and pretty sure it is a very tight time frame. + +I was wondering whether anyone here had the same experience and what brokers were helpful to switch. + +I am trying to reach IBKR to see if I can move over my positions. That said, I'm open to recommendations. +To keep it short: First time young investor with limited knowledge. 16k€ lying around. I will be using Nordnet for purchasing + +I was thinking of 50/50 split to funds and stocks. For funds + +* 3000€ Nordnet indexfund Finland (No costs, [Link](https://www.nordnet.fi/markkinakatsaus/rahastolistat/16801606-nordnet-indeksirahasto-suomi) ) +* 2000€ Nordnet indexfund Norway (No costs, [Link](https://www.nordnet.fi/markkinakatsaus/rahastolistat/16801605-nordnet-indeksfond-norge)) +* 2500€ SXR8 and monthly deposits of 50 to 100€ (0.07% p.a, [Link](https://www.nordnet.fi/markkinakatsaus/etf-listat/16128786-black-rock-i-shares-core)) + +And then about 8000€ for 4 different Finnish stocks (some in banking and some industry) which pay dividends, and i will invest the dividends back to the stocks. Looking to keep these for 5-15yrs, so it is quite long term investment. Might change them around a bit at some point if necessary. + +&#x200B; + +Does this plan make any sense or is there something awfully off? + +It is now very Finland and USA focused. So should I look into EUNL (0.20% p.a) or look for more options further than SXR8 and Nordic funds, like some European/Asian focused ETFs? + +&#x200B; + +All and any tips are welcome, thank you in advance! +Hi + +So I've been looking into diversifying my Portfolio and I thought about getting some ETFs linked to the gaming/e-sport area as I believe there is some growth in the near future for this industry. I saw that ESPO (VanEck's ETF) is part of Degiro's free ETFs list and besides gaming/e-sport they have some stocks like NVidia and AMD which can be considered tech, not necessarily purely gaming. +I was wondering what's your opinion not only on ESPO but also on other stocks/EFTs in the industry. Are you guys invested, and if so, in what stocks/EFTs? +I have recently bought my own appartment - debt js almost already cleared up(Have 50k left only - should be paid in the next 5 years) + +I have set aside 10k to furnish the place + +And then I have 5K left to my name. + +Im saving around 80% of my paycheck per month - but once I actually move out it will drop to around 40% I am hoping to save up another 5k before that happens + +So entering a new house with 10k to my name - what should be my next step? + +Note: My income is around 15-20k per year. + +I had a lot of bonds and fixed bank investments to my name, but I liquidated everything slowly to buy the place. Id like to get back into safe investing for some passive income(I had 6% around 8 years ago but I know thats not possible now) + +I am severely out of date/out of touch - What are the safest options right now for low budget investing? Should I even invest at all? Should I just keep saving? + +Edit: Thank you very much for the response! I will look into ETFs, Indexes and will prob use CCTrader or invest with CC instead of trading. +Hello + +Im from switzerland and i could still invest in to US domiciled ETF. Would this be a wise choice? I know theyre usually better, with lower TER and higher Volume and simply more ETF to pick from. + +What about potential fines in the future? Should i be worried with Switzerland losing trade agreements with the USA? Maybe a trade war like they have in china? Maybe one day the US is just gonna have a bad time and put higher taxes on foreigners? +Ok all, Grandpa is a finance nightmare. He has been for his entire adult life. + +Right now he is at the hospital stressed because he can't be at home rebuilding transmissions to pay the bills. He and Grandma live behind my parents house and do not have to pay rent. + +I really want him to be able to enjoy retirement at least a little bit, so I suggested we get rid of the car since he ain't going to be driving for Uber anymore, he doesn't drive it, and the payment on the car is a big part of his stress. + +I had no idea how upside-down he was. They offered $9,500 on his Prius and he owes $17,500 on it. + +I'd like to better understand the options. Voluntary repossession on the car seems ABSOLUTELY required. + +EDIT: I worked all night and I am finally going to bed, thank you everyone for all the help! I cannot wait to read through all of this with my parents this evening. + +Thank you thank you thank you for taking the time. You have no idea what it means to me. +I often hear people talk about watching when a stock is approaching it's EMA/SMA/VWAP and going long/short depending on if the stock bounces off the MA or breaks through, or at least being careful to go long or short when a stock is near the VWAP or a MA. + +I understand the value of watching for the movements of stocks near past points of support/resistance and trend lines, but why do moving averages and trend lines have any predictive value as opposed to just being another tool to visualize past movements? Why exactly can we draw meaning from a stock breaking through a MA, and is there any evidence that bounces off of a MA are likely and more than just a coincidence? + +I'm asking because I know a lot of traders - even those who prefer to use price action and volume as opposed to any indicators - keep the moving averages up on their screen. +I am an immigrant and was not part of UK education system at all. I have a child that will be going to school in over a year and I am thinking what is the best option. + +I noted that independent schools are crazy expensive, where I live (Glasgow) it's roughly 4k per term depending on age and school. So with 3 terms per year and 13 years of school (from 5 to 18 years old) it adds up to 150k minimum. Are those school really that much better from a respectable public schools? Or this is just for posh people to keep their kids among other kids with similar status? Could this be a good investment in kids future, better than just investing this money and giving them at the age 18? +Hello r/econ! I'm reading through Hazlitt's *Economics in One Lesson* (great book, btw) and I have a quick question about the Broken Window Problem. + +A storefront window is smashed by a local hoodlum. The store owner now has to replace the window, meaning that the local window maker it going to get some business. This looks fantastic! Money is changing hands, things are getting done, jobs are being created, etc. However, now the store owner cannot spend the money he used to replace the window on a new suit, or a car, or another staff member in his shop. Work was diverted, and not created. Hazlitt then uses the same reasoning to discuss over taxation and "make work" government projects; you're not creating jobs, you're moving jobs from one group of people to another. You're moving wealth from the taxed citizens (who would have spent the money on food, consumer goods, houses, cars, etc, creating jobs that way) to the government (who spend the money on a new bridge, creating jobs that way). + +Here's my question: What about the rich? + +So, let's say the hoodlum does not break the window. The store owner decides to just keep the money he would have spent on the replacement. No work is created, no goods purchased. The store owner does very well for himself, and becomes very very wealthy. Now, you have a problem of wealth being concentrated in one place, which seems even worse then stealing from the rich through taxes to fund "make work" projects. + +Is this a real problem? How does the free market correct against the "hoarding" of wealth? Thanks everyone! + +Edit: Thank you everyone for your thoughtful responses! +Throw-away here of course. I am prostitute and had clients mentioning and asking if I would accept Bitcoin. I had no clue what they were talking about and always said "nope". + +Then I asked Google, and anyhow it looks legit and very interesting. As I understand it, I could use Bitcoin as investment. But the much bigger question is, how can I accept it if a client would ask me? + +After a little bit of reading, I am very interested to accept it if clients ask again. + +**EDIT: Thank you guys, I can not keep up at the speed I get advise here. Thanks a lot, it will take me time to read every comment. Thank you so much for answering my question.** +I will be getting an unexpected $10k in a couple months and I need advice on the best way to utilize this money. + +Here is some background about me: I owe about $50k in student loans (which I have never defaulted on), I have 3 somewhat high interest credit cards (owe a total of about $5k), and I finance my vehicle (which has a pretty good interest rate and I just purchased March 2021). My boyfriend and I are currently renting a house but we want to buy a home within the next couple of years. We both have good jobs and my salary alone is about $60k annually. He and I pay the bills equally and although we live somewhat paycheck to paycheck, we are comfortable financially to cover our monthly expenses. + +I want to be responsible with this money and get the most out of it to benefit our situation. + +ETA: Thank you everyone for your advice! I will definitely be paying off those credit cards ASAP. I wasn’t sure if I should pay a lump sum toward the student loan debt or tackle the cards first. I’m learning to be more financially responsible and appreciate all of the kind nonjudgmental advice ☺️ +\*\*updated everything to me MTD -- last update 10/11/22 @ 1pm PST + +Add more charts to display the PnL for each day and the total + +&#x200B; + +[Dashboard - October](https://preview.redd.it/zua65c3kg8t91.png?width=1112&format=png&auto=webp&s=236c51d1d4d7d6343a33e2fa1cde49ad8b1e1cfd) + +Performance for October has skyrocketed right out of the gate, the only thing I am following are my trade balances, no matter what price does...if it's not near my balance area, no trade will take place and I am very patient to wait. + +My style is a momentum trend trader. I do not do any mean reversion trades as most. I use Balance levels based on time as all trend start at balance. I do write a weekly and daily plan in a free substack: [Trade Plans](https://haustrades.substack.com/p/daily-trade-plan-1006-7bc?r=4rbev&utm_campaign=post&utm_medium=web)...Hope it helps people out + +This is trading strictly Futures: NQ, ES, RTY, YM, MNQ, MES, MYM, M2K -- zero stock/forex/crypto trades here! + +Sine I was asked about what the trading journal I am using...its this [Trading Journal](https://tradesviz.com/referrals/fkD3CSxUWvS4COLTELkInOkw9eKRZt27eeOmMJNq) + +This will give you 15% off your first month or yearly I think...hope that helps too + free trail from them too.....enjoy :) + +This is direct on their site : "*Invite other traders to join TradesViz to get discounts on your subscription! For every user who signs up using your unique link and buys a pro subscription, you get 15% off your next subscription bill and your referral gets a 15% discount on their first subscription plan bill!"* + +Since I received a bunch of question about Balance, one thing to note. It is NOT based on TPO (Market Profile) or Volume Profile, none of that is considered. + +It is modeled after the Overnight drift, which was written by the FED in NY: Here is the link [Overnight Drift](https://www.newyorkfed.org/research/staff_reports/sr917) + +I figured out a way to use their data and their time to create a balance based on time, nothing to do with what people are assuming in the comments by talking about the basic stuff of Volume Profile or TPO's + +&#x200B; + +[Calendar View](https://preview.redd.it/dmmbsk3qg8t91.png?width=1079&format=png&auto=webp&s=cae468edbf2c1a6433197e147ff185c575ab8cda) + +[MFE & MAE Charts](https://preview.redd.it/cm0awmzl5ns91.png?width=992&format=png&auto=webp&s=9d57c02f8e3b5090b821956146aac556a9c14766) + +[Trades for 10\/2](https://preview.redd.it/qxx90n3o5ns91.png?width=1103&format=png&auto=webp&s=6d6ac3b1004aa4cc8a60793dad3889e88a4e9a42) + +&#x200B; + +[Trades for 10\/3](https://preview.redd.it/1emayakp5ns91.png?width=1112&format=png&auto=webp&s=7d1180ff642ac76e805e71f96b1d2755068fd69b) + +&#x200B; + +[Trades for 10\/4](https://preview.redd.it/9auiklor5ns91.png?width=1130&format=png&auto=webp&s=9806bab63bdd155b1bfe6874fcc284969c4a752f) + +&#x200B; + +[Trades for 10\/5](https://preview.redd.it/7g3yf1mev7t91.png?width=1112&format=png&auto=webp&s=3840ef2a9c9cd34c8670719ca53247c3a876495d) + +&#x200B; + +[Trades for 10\/6](https://preview.redd.it/hbobx7cu5ns91.png?width=1109&format=png&auto=webp&s=eb278415abeb6cc7f14458532234f7c147404cfd) + +&#x200B; + +[Trades for 10\/7](https://preview.redd.it/c7abckkv5ns91.png?width=1112&format=png&auto=webp&s=296c5fbb50f4d4954d0c46dfa446b430e1e00d58) + +[Trades for 10\/9](https://preview.redd.it/5h3gyc7av7t91.png?width=1105&format=png&auto=webp&s=e2cdba08f3d70b7f257e220353ec3c2d24fe3aee) + +[Trades for 10\/10](https://preview.redd.it/elqr0c3jv7t91.png?width=1106&format=png&auto=webp&s=a4a3f76e0fbfd2e13f03a8f028e2b8b1976d7a4c) + +[Trades for 10\/11](https://preview.redd.it/5x3kz9ntg8t91.png?width=1119&format=png&auto=webp&s=9d167064383343da2f8abeb798ace83165c43388) + +[ Trade I took and just went to sleep -- stop was above balance as that level is good till 9am \(pst\) -- woke up and closed the trade and proceeded to trade a bit more --- see all the stats a above. ](https://preview.redd.it/y764ari06ns91.png?width=708&format=png&auto=webp&s=7ec9a4542556034010b03807d6ef780fb7e9366d) + +&#x200B; +**TL;DR** GameStop literally cannot do a stock split of that magnitude. GameStop has a total authorized shares of only 300 million. GameStop has issued a total of ~77 million outstanding shares. Stock splits count against authorized shares, therefore 7 for 1 split is impossible. There are probably better theories out there to explain 741, but it’s definitively NOT a stock split. + +**Introduction** + +Sometimes, when I read posts here, I can’t tell if the OP is just completely ignorant of the basics of the topic at hand or is maliciously misinforming the sub as a shill. True apes should take a step back, think, do a bit of research, grow a wrinkle or two, and learn about the topic before responding to a post. + +First things first, everyone should read the following documents. Don’t worry, I’ll wait for y’all to finish: + +* [Third Amended and Restated Certificate of Incorporation of GameStop Corp.](https://www.sec.gov/Archives/edgar/data/1326380/000119312513364182/d569889dex31.htm) +* [Fifth Amended and Restated By-Laws of GameStop Corp.](https://www.sec.gov/Archives/edgar/data/1326380/000132638017000012/ex321_fifthamendbylaws.htm) +* [GME 2021 Proxy Statement](https://news.gamestop.com/static-files/8f795a88-54a3-4320-b3e2-a2d5f28be6c4) +* [Prospectus Supplement (To Prospectus dated December 8, 2020) - Form 424B5](https://news.gamestop.com/static-files/4ef3fc60-b489-42e3-9436-1c6f55c772fa) + +**All done reading? Great! So what the f*ck did we just read?** + +Ok, so in the Certificate of Incorporation, it states in the VERY FIRST PAGE: + +>The total number of shares of stock that the Corporation shall have authority to issue is 305,000,000 of which (i) 300,000,000 shares shall be shares of Class A Common Stock + +Later in that SAME paragraph it states: + +>The number of authorized shares of any class or classes of capital stock of the Corporation may be increased or decreased (but not below the number of shares thereof then outstanding) by the affirmative vote of the holders of a majority of the voting power of the stock of the Corporation entitled to vote generally in the election of directors (“Voting Stock”) + +Cool, so in order to do a stock split of that magnitude (7:1), GameStop shareholders must have voted in the affirmative to approve the authorization of more shares, right? RIGHT? NOOOOO, there was no such motion ANYWHERE on the 2021 Proxy Statement: + +>1. To elect the six nominees identified in this Proxy Statement to serve as directors +>2. To approve, on an advisory, non-binding basis, our executive compensation +>3. To ratify our Audit Committee’s appointment of Deloitte & Touche LLP as our independent registered public accounting firm for our fiscal year ending January 29, 2022 + +I voted for all the proposals and I didn’t see them sneak in a vote about approval of authorization of more shares. Is there another shareholder meeting announced with authorization of more shares to be voted on? Nope. + +Wait, how many shares have been issued so far? Maybe tardnugget doesn’t know basic math. Let’s confirm the total number of shares issued by GameStop so far, including the 5 million in Form 424B5: + +>Common stock to be outstanding immediately after this offering: Up to 76,815,131 shares (as more fully described in the notes following this table), assuming sales of 5,000,000 shares of our common stock in this offering. +>The number of shares of our common stock to be outstanding immediately after this offering is based on 71,815,131 shares of our common stock outstanding as of June 1, 2021, including 2,435,881 shares of restricted common stock which are subject to forfeiture or our right of repurchase as of such date. + +**Ok, let’s roll it ALL back one last time to recap:** + +* GameStop has authorized 300 million shares that are possible to be issued. +* There are currently 76.815,131 shares outstanding. +* In order for a 7 for 1 split to happen, there needs to be AT LEAST 537,705,917 shares authorized. +* GameStop requires a majority of shareholders to vote in the affirmative to approve such an increase in authorized shares. +* There was never any such proposal in the last shareholders meeting in June, nor is there another meeting scheduled in order for such a proposal to be voted on. +* 300,000,000 < 537,705,917 +* 7 for 1 Stock Split is IMPOSSIBLE +* Put your new aluminum (aluminium?) hats on and keep trying because this theory is hereby debunked! I don’t want to see any more 7 for 1 stock splits theories again...unless a vote is called by GameStop for an increase in authorized shares. +Thought I'd share my story here, since a lot of the first gen immigration stories I've seen in the sub were about people who immigrated with their parents as kids/teens, and my path was a bit different. + +I lived in a third world country in south america. Classic middle class upbringing, didn't face any financial issues, but country is unsafe, getting robbed at gunpoint is a real possibility, city infrastructure falling apart, corrupt governments, etc. + +I'm splitting this in topics so you can skip to the end if you don't care about the background details = ) + +**Bachelors in home country:** + +I would have loved to do my bachelors abroad, specially in the US, but it wasn't possible. + +In my country, public universities are very competitive to get in, because they have no tuition, while the private ones do. I wouldn't call it "free" because the amount of taxes we pay in my country, for pretty much nothing in return, zero tuition in college is about the only thing we ever get back. Universities have way less resources in my country, but the schooling itself is good. I did well in the entrance exam, got into one of the top schools in latam and studied electrical engineering, which meant no school debt, which was fortunate. + +**Experiences abroad** + +During my studies, I spent a year studying abroad in Europe on a scholarship, which gave me a taste of what living in a 1st word country was like. + +I also did a work-abroad program, working in the US for about 3 months during our school break. I got paid minimum wage, which was 7.25/hr at the time, working an unskilled job that was customer facing. I lived with roommates and kept expenses low, but what I could afford on that minimum wage in the US was so much more than what many skilled jobs would afford in my country. It was a very comfortable life for me in comparison, even though my american coworkers often complained about the pay. This helps put into perspective that it really depends on what a person's baseline is for comfort. + +Both of those experiences abroad were also very competitive in school, and took a lot of preparing and keeping good grades to achieve. + +**First job in home country** + +I graduated 5 years later (engineering takes 5 yrs there) in a recession, where junior engineer jobs were impossible to find, while our alumni from only a couple years prior had much better luck in finding a first job and getting offers from their internships. + +New-grad 'accelerated career' programs had become popular, were paying above market rate (which was crap at this point due to the economy), and were very hard to get in. It took preparing and going through long interview processes with many, until I finally got one. Mine had over 10,000 applicants for under 20 job openings. I hoped to join an American company because everyone I had ever met who immigrated to the US in the last few years, had done so by being transferred by their company. + +So I joined this US company, stayed for almost 4 years, got promoted twice, and realized that getting transferred was never going to happen, despite the fact that I kept being told it could be a possibility. The last person to get transferred in that company had done so the year before I joined... and they apparently got very restrictive with it afterwards due to US visas getting harder to obtain (is what I heard, but who knows). + +This made me feel very unlucky tbh, like if I had just joined a couple years earlier I could have had a chance. + +**Masters in home country** + +Anyways, I became interested in Machine Learning and started doing a masters of science in the same university, part time, while working my full time job. This had no tuition cost, as I was doing research work, and I would've been eligible for a stipend for this work without the full time job. This was kind of a bummer, but my job salary was much higher and wasn't worth giving up for the stipend. + +This masters took about 3 years. My schedule was insane. I was saving money aggressively, so I lived in a tiny studio reasonably close to school (cheap rent, mostly college students) and didn't have a car. + +Nearly all my former classmates and all my coworkers had cars at this point, because public transportation sucks in my country. I took a bus from home to work and walked (over 30min each way) from home to school. + +Because my classes (and later on, research meetings), were mostly at night, this often meant my class ended at 11pm, and I still had to walk home, eat dinner, then be up at around 6am the next day to be able to catch the bus and get to work by 8am. All my actual research work had to be done in the evenings (the nights I didn't have classes) and weekends, as well as any homework or studying for the exams. + +This schedule was brutal but it allowed me to save a lot of money. I did make a few spending compromises: I nearly always bought premade food for dinner, usually from the grocery store. In my country, the extra cost between raw food and ready to eat is not as large as in the US, but either way, I did not have the energy to cook for myself with this schedule. + +I had a budget for 'fun money' so I could still do some things I wanted, but I was very aggressive in saving. + +**Career change to ML:** + +When my masters was almost finished, I started applying for ML jobs. They are (or were, at the time) extremely rare in my country. + +I realized I had to widen my search, and applied for a job in a bigger city, with much higher cost of living. I got the job and moved there, trading my decent studio for a super crappy suite in a shared building. Despite the housing downgrade, I was actually paying more in rent than before. + +The transportation situation got much worse as well without a car, I had to take a bus and then the subway, then walk in a sketchy part of town to get to the office. + +This was an European company with a US presence, but it was clear that getting transferred was very unlikely as well. But the salary was much higher, and getting the work experience in ML was also worth it. + +**Studying in the US:** + +At this point I decided to move to the US for a masters. I considered multiple options (fully funded Phd would take 5+yrs of living with a low wage; another research masters, perhaps partially funded) and settled on applying for 1-yr professional masters. These programs cost more in tuition, but after doing some math, I realized the extra living costs of staying in school longer, plus the opportunity cost of being away from the industry would offset that in my case. + +I checked what my savings would let me afford, when converted to USD, and realized this would wipe out most of my savings, but I could swing it for programs with reasonable tuition (some were almost 6 figures, I didn't bother applying to those). + +I applied to a few, and got a partial merit scholarship in one of my preferred locations. The scholarship was conditional on keeping a high GPA. + +So at this point, I mapped my worst and best case scenarios. Worst case scenario would be I can't keep my GPA high enough and lose the scholarship and end up having to pay full price on the tuition, then don't land a job in the US and have to move back to my country. I noted in this scenario, most of my savings would have been wiped and I would be back where I started but with nearly 0 NW, and a US diploma (which would not make my salary any higher in my home country since I already had a local masters). Btw, flunking the program was not a worst case scenario I considered as I had always been a good student and had faith in my ability to complete it without any issues. + +The best case scenario would be I keep the scholarship, pay reduced tuition, land a high paying job in a HCOL city and save most of my income, and "pay off" myself for all the tuition+living costs of the masters in about 1.5 years on my projections, then stay for another 1.5 years (maximum duration of a student visa post graduation is 3 years for STEM majors). It would still be unknown how long I would be able to remain in the US afterwards, as that depends on a bunch of visa variables that wouldn't depend just on me, such as getting selected in the H-1B work visa lottery). But at this point, the extra 1.5yrs of savings in dollars would make the whole thing a clear financial win, when compared to wages in my country. + +When I put in my notice at my job, they offered me a raise and a promotion, and it was hard to turn it down, but I knew it had to be done, so I left. + +During my masters, I lived in a make-shift "room" in a living room, so I saved a lot of rent, at the cost of my sanity, because my roommates really didn't make it easy. + +Someone cooking in the middle of the night (literally, like 2am) with the lights on (and kitchen/living room were combined..) was at least a weekly occurrence, dirty dishes in the sink all the time, having multiple visitors in the super tiny 2-bedroom frequently, sometimes sleeping in the kitchen (seriously, wtf). Anyways, I can't say I regret it because I truly saved a lot of money, but there were many times I felt "I'm too old for this s\*\*\*\*". + +I did one internship during the program, at one of my favorite startups, which was a great experience, and allowed me to have a little bit of income, plus they had free lunch and dinner, so the days I were there were the days I ate best during that year. I quickly learned that eating take out everyday was not going to fly in this city like it did in my home country, because prices were insane. So I learned to cook cheap stuff with quick recipes, lots of quick baked potatoes in the toaster oven and rice in the rice cooker, fried eggs, and a fair share of ramen in the nights prior to exams, etc. + +**Full time job in the US:** + +I applied to over a hundred job postings, and I as admittedly very picky at first, which some of my professors disagreed with. I wanted to give myself a couple months + +where I only tried for jobs I truly wanted, and gave myself a deadline, where I would start applying to "anything within reason" if I didn't get it by then. + +I couldn't take too long to get a job, otherwise I would not be eligible for a visa extension. The jobs I wanted were very technical, and usually required things like leetcoding and solving ML things live on a whiteboard or over the phone, so I practiced for those quite a bit. I felt I should have practiced even more, but after all those years of full time job + masters, plus the 1yr intensive program in a new country, I was getting very tired at this point, and was mindful not to burn myself out. + +After too many applications with no responses, I landed 3 offers. One of them was a big N company, which was precisely what I wanted, so that's the one I took. At this point some friends and I started going to movies / restaurants / short weekend trips more frequently. Those expenses went up but not by too much. I also stopped eating ramen and frozen food so frequently, and started buying better, but still cheap stuff. + +I finally moved out to my own tiny studio in an old building in a cheap part of town early this year, and despite the rent hike, I don't regret it at all, and is the best "splurge" I could make. I spent over a decade living like a broke college student, and I feel like I can finally get some of the things I want now. Such as I had wanted a 4k TV since forever, and I finally bought one this year (still wanted for it to go on sale, and got one for 500, so nothing nuts) + +**Now:** + +I've been with my company for about a year now, and I got promoted last month. So things are good. I reached my goal of saving up the same amount I spent during my masters in less than a year, in part due to the signing bonus, which I did not account for, and my initial salary was also higher than what I had projected. So I'm actually doing a bit better than my "best case scenario" I mapped out before coming to the US. These last few years have not been easy for immigrants, and I don't want to get political, just saying the uncertainty and stress surrounding added visa restrictions have been significant, so I am very grateful that things have worked out for me so far. + +So yeah, this has been my path so far. I was very fortunate in many aspects (growing up middle class, no family/health issues, no disabilities), but also, compared to others, there were times when I felt others had it so much easier (being born in a 1st world country; getting a visa through family; immigrating years ago when the process was easier; having a rich uncle who sends you to undergrad abroad; getting employed/transferred because you know people in high places; graduating when engineer jobs were peaking, etc). + +I figured all I could do was work with the situation I was in, there's always someone who has it better or worse, and through hard work, I took a few leaps of faith, and it all ended up working out. I know many people in similar jobs to mine were able to reach this same milestone in their early 20s, but also many aren't even nearly there yet despite years of 6 figure salaries, due to higher spending. so it's all relative. + +To me FI is much more of a goal then RE, because I like my field of work, but I want RE to be a possibility, because I may feel differently in 10 or 20 years. + +I have met many people who had a similar immigration path to mine (although from latam to the US is relatively rare, most I've met are through family immigration), but got the feeling it wasn't very common in this sub, so wanted to share. And if anyone is a fellow immigrant, I hope you found this encouraging. +Being in this for 6 months, I’ve hit my zen place but that doesn’t mean I’m not hyped to read every fucking post that hits this sub. Why? Because there is constantly new info and analysis that the best hired team a hedgie (r fuk) firm could buy couldn’t even bring together. There are almost half a million eyes in this sub that are watching and analyzing every tiny little change relating to GME. The number one rebuttal I have for people that write this off is “do you really think you or your finance major buddy is more intelligent than 500,000 fucking people sharing information and analyzing??” If an unknown blogger writes the words “game” and “stop” in the same article, it will be found and mentioned here. It is wild how absolutely on point and dedicated every ape is. Even the silent majority do their part by upvoting and bringing rise to the important info that then will rise and be seen by the rest. It truly will be a sad day post MOASS when the god tier DD about this once ever event and the rest of this economic bubble slows down. Not saying the DD on GME will stop but you know what I’m sayin. My only posts are always about some base level observational bs like this, no DD cuz I do got me smoove one but I hope it helps others who are new or still unsure to see some perspective from someone who has hit that zen place of no matter wha happens.. this bitch is a fucking goldmine investment. (Not financial advice but is fine ape advice) 🚀🚀🚀 +Presumably things like energy, subscriptions, and anything imported is more or less the same. If I do things like cook most meals at home anyway, is it just my rent/home prices that will be lower for similar space? +Background: I work in a profession where it is industry-wide standard for employers to pay for studies, professional fees, exams, development, etc. This can amount to anywhere between £1k - £10k depending on seniority, number and types of exams being sat and so on. + +Company A paid for all my fees in 2021, this amount to about £8k. I left company A to join company B in late 2021. Part of my contract states that of I leave then I must repay all fees the company paid for. + +I knew of this, and negotiated with company B that they would pay any study fees company A would reclaim, up to £10k. + +Company A asks for the money back, I pay them and company B pays me the amount I paid. All good. + +Come to Thursday, someone from the managing company of company A reaches out saying that it is not part of the group policy to reclaim fees, that they apologise profusely and would like to return the money immediately. The total amount I paid was deposited in my account on Friday. + +Here comes the moral dilemma, company B does not know of anything about this, but considering I enjoy working at this company it seems dishonest to keep this from my current employer. Should I tell my company about this or keep the cash? +My story and thanks for listening - + +- PhD in Plasma Physics from a top research university + +- Husband was against me working. + +- Then housewife for 21.3 years with 3 kids. + +- Then he found someone younger and admittedly much prettier than me. She was his secretary and they bonded. + +- Then he divorced me. I don't blame him - she is much prettier than I was even when I was young. + +- 21.3 years is a long time to be unproductive and I am quite out of touch. But I could pick up research-wise where I left off in a year + +- Money was becoming a very critical issue for me as I had no way to pay my bills. So I applied locally and got an offer from Walmart. I work at the local Walmart for minimum wage. + +- I am willing to move anywhere in the US but have no budget to move. If I get an interview call from say Los Angeles, I have no budget to go there either. + + + +To clarify my situation in more detail, I live in the sticks in one of the most rural areas of the US isolated from almost everyone except cows and sheep. Luckily, we have a McDonald's and a Walmart that services highway traffic. However, I am willing to move anywhere in the US but I have zero budget to move. My professors have all died or long retired. I have no academic contacts - certainly not the kind who would want to associate with a housewife of over two decades. Husband eloped to live somewhere in Thailand with that gorgeous Thai woman and I probably won't get any child support or anything. My children live with my sister now in Canada. + +Thanks again for listening. I have no one to tell my story and my sister thinks I am sending negative energy her way if I share. +I have lived and worked outside the UK for the last five years. I have decided to return to the UK and I am now looking for homes near my future workplace but wondering how best to approach banks/brokers for a mortgage? It's hard to find information on this online and I am wondering if anyone on this subreddit has any experience/advice for this? +Health investor Steve Kraus is not surprised that Amazon is considering a push into the pharmacy market. +He sees huge opportunities for Amazon to compete with the biggest pharmacies. +Kraus says Amazon should go full throttle, rather than carve out one slice of the market. +To add to the question, mine and my partners Ariel broke so couldn’t watch any tv channels without major signal issues, plus the fact we never watched live tv or BBC Iplayer as anything on there is generally rubbish. + +So we decided to cancel it to save £159 a year on something we simply don’t use. + + +What are the chances of them coming round to investigate if I watch Live TV and decide wrongly that I do watch TV? - or do they need to prove that I am? +[VGH 2022: The Second One Because Last Year's Was the First](https://preview.redd.it/3ah2opezjtx91.png?width=1800&format=png&auto=webp&s=17a7f152667fc1a22a2b39b6ff91d104b5033e8d) + +# Many of you asked and we are back! Last year was awesome and now we use what we learned and make this year’s Very GMErry Holiday streamlined! + +[Oh yea, there are probably some new Apes who have no idea what I’m talking about…](https://i.redd.it/98laort1ktx91.gif) + +# TA:DR (Too Ape; Didn’t Read): + +[Superstonk held a toy drive for Toys for Tots (TFT) last year](https://www.reddit.com/r/Superstonk/comments/rnqcvy/over_100k_raised_for_the_kids_what_a_delight_the/) and we raised over $103,000 in money and toys! + +We even had a way for Apes to shop GameStop.com and ship it directly to a TFT site that was super close to a GameStop distribution center in Grapevine, TX. + +We had a huge positive impact! And we’re doing it again. + +Let’s break down how you can help, if you so choose! + +[\(Up, Up, Down, Down, Left, Right, Left, Right, B, A\)](https://preview.redd.it/y7mrzyq3ktx91.png?width=835&format=png&auto=webp&s=d5ad69548435f2ad051736705c493cec274e4ff6) + +# IMPORTANT DATES: + +**Today:** Official 2022 Campaign Start + +**December 10:** No more online toy donations accepted (order by this date) + +**December 24:** Official 2022 campaign ends + +# #1 - How to donate Money ($741,420.69) + +You wanna know something cool? That goalpost we put at $741,420.69 never reset; it’s still going! So I guess eventually, this finish line can be crossed. That’s pretty neato. + +[Yessiree, you smoothbrain! It might not be this year, it might not be next, but every year we chip away and get closer…](https://preview.redd.it/oangwh09ktx91.png?width=600&format=png&auto=webp&s=8b38d035c8b29e27d602be51362620580a2abf47) + +# [https://marinetoysfortots.salsalabs.org/2021marinetoysfortotscrowdfunding/p/VeryGMerryHoliday/index.html](https://marinetoysfortots.salsalabs.org/2021marinetoysfortotscrowdfunding/p/VeryGMerryHoliday/index.html) + +This is the ONLY LINK we will ever use. Be mindful of fake/phishing links that come from anywhere besides Superstonk. + +**Pay online (US Apes):** + +1. Go to [https://marinetoysfortots.salsalabs.org/2021marinetoysfortotscrowdfunding/p/VeryGMerryHoliday/index.html](https://marinetoysfortots.salsalabs.org/2021marinetoysfortotscrowdfunding/p/VeryGMerryHoliday/index.html) +2. Press the big red DONATE button. +3. Fill out the required card information with your legal information (Don’t put a fake name in “Name on Card”). + 1. If you wish to remain anonymous to the organizing team, please fill in ANON APE for First and Last Name in “Your Info” for anonymity. +4. Click the Submit Donation button. Thank you! +5. (optional) Share your donation on r/VeryGMErryHolidays if you want holiday hype 🎄⛄ + +https://preview.redd.it/l3vx5x4cktx91.png?width=1143&format=png&auto=webp&s=4d70787fdb29c1034264c1a435f95d0727f16994 + +# #2 - How to donate Toys + +**Note:** Video games donations are not accepted because of issues matching games/accessories with systems the family may or may not have. Video game themed products and toys are still cool (example: a Legend of Zelda doll) + +**TOY GUIDELINES:** + +What kind of toys can I donate? + +* NEW +* un-wrapped +* preferably around the $10 or above price range +* books are also needed (children receive 2 toys each; 3 books count as ONE gift!) +* homemade toys are also accepted + +What kinds of toys are NOT allowed? + +* used toys +* toys that look like realistic weapons +* toys with candy or food +* toys with chemicals (i.e., experimental labs, acid, crystal projects, etc.) + +What ages of children are eligible to receive toys? + +* ages 0 to 12 years +* **gifts for ages 0-2 are in great need** + +# [GameStop.com](https://GameStop.com) Toy Donations + +* With these guidelines in mind, find a toy(s) on the GameStop website that fits those parameters. During checkout, fill out your payment information as you normally would. +* There is a new SHIPPING ADDRESS for this year. + * GameStop ToysforTots + * 1888 Green Oaks Rd + * Fort Worth TX 76116-1707 +* **NOTE:** This shipping address is for the [Fort Worth, TX chapter of TFT](https://fort-worth-tx.toysfortots.org/local-coordinator-sites/lco-sites/default.aspx?nPageID=100&nPreviewInd=200&nRedirectInd=3) which is about 35 miles away from GameStop’s Grapevine, TX distribution center. How cool! + +https://preview.redd.it/ft53zdkdktx91.png?width=880&format=png&auto=webp&s=7b7407a126d638ac4158e29e7387a0af0cf5e23d + +## Donating to a local TFT drive + +Last year we tried to get these boxes into GameStop stores and we ran into many issues. We believe GameStop is unable to help us in an official capacity due to legal reasons, but I like to think they’re cheering us on. As such, if you wish to donate toys in your local area, you can still buy them from GameStop and find a local box near you. [https://www.toysfortots.org/request\_toys/Default.aspx](https://www.toysfortots.org/request_toys/Default.aspx) + +https://preview.redd.it/k3udtqrfktx91.png?width=716&format=png&auto=webp&s=7f95111ce90fe760a17f7944de7d7a848143b93c + +## That’s it! Easy peasy! + +Thanks again to everyone who has supported this charity campaign! I think it’s awesome how we can come together and give some smiles to kids this holiday season. Things should be much more focused and smooth. Any good that can come out of this is well worth it. Cheers! + +https://i.redd.it/a4fpxvrgktx91.gif + +# Here are some extra notes: + +**New subreddit and future updates** + +Over the next couple weeks, you will get a couple updates on the campaign from myself and u/I_DO_ANIMAL_THINGS on Superstonk. + +In an effort to keep a cleaner feed for Superstonk, **please post any and all hype that you wish to give to the campaign on an adjacent subreddit:** + +# [https://www.reddit.com/r/VeryGMErryHolidays/](https://www.reddit.com/r/VeryGMErryHolidays/) + +https://preview.redd.it/i0kmiyliktx91.png?width=296&format=png&auto=webp&s=5aa103eb86926b7417841f8886668be853edb7ce + +This is also where you should post your toy receipts and have them counted towards the VGHBot, which will keep a tally of all the toys we’ve bought from GameStop over this holiday season. Many thanks to u/MrYoson for helping us out again with this bad boy! + +# USER FLAIR: + +https://preview.redd.it/v6hhjt0jktx91.jpg?width=234&format=pjpg&auto=webp&s=362a4f684922e2ce0ec937899aedd2fa94f4efec + +# If you want this flair for Superstonk then please comment !flairy:VGH! + +https://preview.redd.it/3jn1gp0lktx91.jpg?width=1920&format=pjpg&auto=webp&s=f98f4401ec0cb5caa2efa9d593c2561b200a4507 +Everything is interrelated in this financial ecosystem. + +1) surging US dollar (eur ⬇️ yen ⬇️ gbp ⬇️ cad ⬇️ sek ⬇️ chf ⬇️ ) + +2) gold ⬇️ + +3) cryptocurrencies ⬇️ + +4) Lumber ⬇️ (loses a whopping 45% from $1711) + +5) US 10 year yield ⬇️ + +6) flatter yield curve (imagine heart ❤ beat is flat) + +7) $2.2 trillion gamma expiration today (as reported by zerohedge) + +All of these things are happening, imo is related to the surging RRP which many ape has been posting, it has risen to record $755 bln (not sure what's today yet, waiting for RRP's APE to post). THE PAIN IS REALLY KICKING HARD. I don't know when is GME's MOASS, but I sure know, it ain't going much lower. Eveyone knows GME IS NEGATIVE BETA. Stocks down gme up. The reason being probably related margin debt hit record high, so generally speaking if stock down Margie call 📞 is unavoidable. + +Whatever the case BUCKLE THE FARKING UP 💥💥💥💥💥💥💥💥💥💥💥💥💥💥💥🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +Mainstream financial media's attempt to compare the January 2018 cryptocurrency correction to the 1999/2000 dot-com burst shows their naivety when it comes to Bitcoin and the entire crypto market. + +1. Cryptocurrency has only just begun to enter mainstream awareness never mind adoption. By the year 2000 when the dot-com burst was in full effect, over 43% of the United States population was using the Internet. In contrast, after roughly eight years Bitcoin is at best in its early adopters phase. It is estimated that only .046% of the target population of crypto users has adopted this technology. We are not at the peak of this cycle as mainstream media would like to suggest, rather we are just starting up the bitcoin adoption lifecycle. + +2. The Internet was a collaboration of universities and government institutions. These institutions were well funded. Once the potential of the Internet began to be understood mass amount of investment from government, education, and private institutions followed. In stark contrast, there has been little to no investment by any of these entities in cryptocurrency. In great part Bitcoin and cryptocurrency has been supported by small individual investors who support the technology and/or want to make money. The day will come when mainstream investors and possibly even governments will make a big move into cryptocurrency. When this happens the market will explode higher. + +3. Almost every government around the world has put roadblocks in front of Bitcoin and cryptocurrency development. This too is in stark contrast to the Internet where almost every government assisted their people and businesses gain Internet access. Bitcoin has had threats made against its existence since day one and countless times thereafter. The Internet never faced such a constant threat. In fact I believe it is a testament to the power of Bitcoin for having survived. + +4. Bitcoin threatens banks and the entire financial system for that matter. The Internet promised ever greater profits for the banks through huge cost savings and investments. Bitcoin survived a direct assault from one of the greatest bankers in history, Jamie Dimon of JPMorgan - Bitcoin survived and Dimon backtracked. Think of the potential investment when banks and other financial institutions begin adopting blockchain technology - and this is already beginning. + +5. The first ICO occurred in 2017. The ICO is an entirely new use for cryptocurrency. To say something that has not even been around for a year is in a bubble is difficult to understand. By the time the dot-com bubble burst in 1999/2000 almost all of the foundation technologies of the Internet had been established. Crypto wallets and payment systems are just beginning to become available to mainstream users and businesses around the world. + +Bitcoin and cryptocurrency is in its infancy, maybe its early adopter phase. If Bitcoin was being used by any significant percentage of the population I would entertain this notion of a bubble crashing. We are just starting up the very long and steep lifecycle curve. And to prove this, even after this terrible correction, year over year, Bitcoin is still up several hundred percent. + +The comparison between the dot-com bubble bursting and the January 2018 correction is untrue and distorts history. We have not even begun to reach bubble phase. I am holding my crypto. I’ll begin selling when my niece asks me if I have any Tron so she can buy a puppy. + +This is just the beginning. + +References +https://steemit.com/bitcoin/@jimmco/how-many-people-touched-bitcoin-up-to-2017-and-what-is-current-adoption + +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: 1,048,576 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) +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: 1,048,576 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 like to pick my trades with an Atchisson AA-12 Fully Automatic Combat Shotgun and I have no intention of changing that. However I am trying to learn enough about the market to at least point it in the right direction and stop blowing my feet off. + + +So my question is, why has LRS seemingly shit itself? + + +I know the market is bleeding at the moment but it would be helpful to know the other factors at play. Current hypothesis include: + +* The directors exercising LRSOC has triggered some paper hands. Does this count as share dilution? The options were already out in the market so I would have thought no. +* The Morningstar Quantitative valuation has got people spooked into thinking the stock was way overpriced. +* It is currently fairly priced and the last high was just from hype pumping up the stock, we won't see much growth until they start pulling that special white powder from the ground +* Markets fucked, money printer go brrr + +In 248k @ 0.080, Thanks to some dumb fuck T+2 decisions (Was in @ .068) +I’ve purchased ticker data in CSV format for 100+ stocks. In total the data is 400+gb. + +I want to easily be able to easily import data and use the data in Python to test and run models on. + +Do you think importing all the data to a DataFrame and saving it via pickle or importing it to an SQL database would be the best option? + +Hey I’m not sure if this is the right group to post, I was wondering if anyone could give me some advice or share their experiences. I’m 28 and live in outer London UK. I still live with my parents but want to move out as living with them is affecting my mental health. + +I earn £1500 a month and most places to rent are more then half my salary alone. Is anyone else earning roughly the same money and if so how do you live alone on your income? Thanks in advance! +https://www.cnbc.com/2019/07/13/retail-store-closures-in-2019-freds-charming-charlie-and-more.html + +Despite the year being more than halfway over, the pace of store closures doesn't appear to be slowing down in the retail industry. More companies piled on the bad news this week. + +So far, 7,062 store closures have been announced by U.S. retailers this year, according to a tracking done by Coresight Research. And the tally could top 12,000 by the end of 2019, setting a new record, Coresight says. Last year, Coresight tracked 5,524 store closures, down more than 30% from an all-time high of 8,139 closures announced in 2017. +Guten Morgen to all of you Great Apes across the world! 👋🦍 + +What a dip! It is clear that the short hedge funds were attacking the price mightily on a much-hyped date, but all evidence is that apes with Diamantenhände HODLed through it, and many even bought the dip. Meanwhile, reverse-repos continue to creep upward again, well ahead of the normal quarterly cycle. We've read the DD, we know that the MOASS is inevitable, and we're ready to HODL for it. They spent $80m to short the stock just this week, leading to the highest short ratios on record and an even higher floor. Let's show them our resolve. + +Today is the penultimate day of trading this week, Thursday, July 15th and you know what that means! GMErican Apes are (or should be!) asleep, so join other apes around the world to watch low-frequency updates from a single German exchange! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$160.33 / 135,45 €** *(volume: 5224)* +- 🟥 115 minutes in: $160.22 / 135,35 € *(volume: 5163)* +- 🟥 110 minutes in: $160.51 / 135,60 € *(volume: 4884)* +- 🟩 105 minutes in: $160.75 / 135,80 € *(volume: 4853)* +- 🟥 100 minutes in: $160.22 / 135,35 € *(volume: 4443)* +- ⬜ 95 minutes in: $161.25 / 136,22 € *(volume: 4403)* +- 🟥 90 minutes in: $161.25 / 136,22 € *(volume: 4088)* +- 🟩 85 minutes in: $161.43 / 136,38 € *(volume: 3740)* +- 🟩 80 minutes in: $158.97 / 134,30 € *(volume: 3570)* +- 🟩 75 minutes in: $158.56 / 133,95 € *(volume: 3460)* +- 🟩 70 minutes in: $158.41 / 133,82 € *(volume: 3313)* +- 🟥 65 minutes in: $155.60 / 131,45 € *(volume: 3051)* +- 🟥 60 minutes in: $157.43 / 133,00 € *(volume: 2647)* +- 🟥 55 minutes in: $158.59 / 133,97 € *(volume: 2165)* +- 🟥 50 minutes in: $160.69 / 135,75 € *(volume: 1555)* +- 🟩 45 minutes in: $161.58 / 136,50 € *(volume: 1228)* +- 🟥 40 minutes in: $161.31 / 136,28 € *(volume: 1063)* +- 🟩 35 minutes in: $161.58 / 136,50 € *(volume: 895)* +- ⬜ 30 minutes in: $161.46 / 136,40 € *(volume: 833)* +- 🟩 25 minutes in: $161.46 / 136,40 € *(volume: 808)* +- ⬜ 20 minutes in: $161.37 / 136,32 € *(volume: 733)* +- 🟩 15 minutes in: $161.37 / 136,32 € *(volume: 694)* +- 🟥 10 minutes in: $160.99 / 136,00 € *(volume: 431)* +- 🟩 5 minutes in: $161.13 / 136,12 € *(volume: 254)* +- 🟥 0 minutes in: $160.99 / 136,00 € *(volume: 230)* +- 🟥 US close price: $167.62 / 141,60 € *($158.00 / 133,48 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from a single German exchange and converting to USD. Today's euro -> USD conversion ratio is 1.18371913. There are occasionally small differences in price that are below the rounding error to two decimal places, which can lead to colorful boxes without obvious price change. I wrote and maintain a C# application that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Many among the Diamantenhände community are concerned about the well-being of the originator of the series, u/DerGurkenraspler. I also am worried, as I have tried to make contact many times and haven't received a direct response. Two weeks ago, DerGurkenraspler deleted their Reddit account. While this gives me hope that they are alive and well, it seems to be a certainty that they will not be resuming their role as the originator of the series. I've been serving as guest-host since their unexpected absence began and I intend to continue to post updates, but dearly hope that DerGurkenraspler is well and sincerely thank them for the effort they put into building the worldwide community that lives on. + +Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I don’t get it. Every 2 to 10 acre property in rural oz thinks they are worth $1M. The blocks aren’t anywhere near sized large enough to make an income, and you can’t drive to a decent job. + +Pinjarra hills in Brisbane gets you an acreage for $1.1M and you can drive to the cbd for your high paying job easy. + +What gives? Are the rural properties asking for 1 and selling for 0.5? +So, a lot of people have been talking about inflation, and with due cause. I have been doing a bit of work looking into it at the start of this year especially reading about 'The Everything Short'. + +What follows is a sort of explainer into the basics of inflation. Are you ready? Here we go:Inflation = (money supply) \* (money velocity). + +Thats it. Thats inflation! Pack it up folks!Heh, just kidding. + +Inflation in simple terms is the measure of the devaluation of a currency. A piece of meat still provides the same calories. A house still keeps you warm. Water still cures thirst. Salt still preserves meat. These things and their underlying value does not change. What changes is how much you have to spend of each thing in RELATION to other things. + +That is, 100 cows for a house. A dozen eggs for a block of cheese.As supply increases , so does the value of that thing fall when measuring against another benchmark. + +So if there is more money - obviously money is worth less when comparing against something that doesn't increase in supply as much.We've all seen the money printing. Money supply is growing drastically.Check it out below: + +&#x200B; + +[Money supply vs velocity of money](https://preview.redd.it/yukppqni5e671.png?width=2824&format=png&auto=webp&s=6203f424c613d4d4f7596a46298bf38aca701bc9) + +Looks wild huh? That yellow line is the velocity of money. It's been steadily dropping since 2015 or whatever. Not much though. The reading in 2015 was about 1.54. It was already going down and was at 1.45 at 2019. In the pits of 'rona? Try 1.1 + +That blue line is money supply. Also crazy right?Lets look back at our previous formula: Inflation = (money supply) \* (velocity of money)Notice how they are inversely related pre coronavirus? Then it goes WILD. + +Thats because the ONLY thing keeping this stupid turd nugget of a world economy from going into a deflationary spiral was money printing. Velocity of money has been declining the entire time. Yikes. + +And so now we have coronavirus. Deflation should have skyrocketed. Look at the money velocity! Dive, dive, dive! No one is SPENDING. But thank the Lord for Jerome as he pumps that money printer. Inflation is maintained. We don't go into a deflationary spiral after all. The money supply increases and we maintain economic health. + +**So here is the elephant in the room: What happens if the velocity of money increases to pre-pandemic levels?** + +[Pricing of goods increasing over time. Green line is money supply \* velocity\(current\). Blue line is money supply \* velocity of 1.4](https://preview.redd.it/uh4t2ygb7e671.png?width=2824&format=png&auto=webp&s=7c6bb0d41dab06168056980cace43fce7352dc0e) + +If M2v (velocity of money) increases to a (already low) pre-pandemic level of 1.4 the blue line skyrockets. THAT BLUE LINE IS THE NEW PRICING OF GOODS. + +*edit1: for those wondering what velocity of money is, it is the rate at which the same dollar bill changes hands. Someone buys, a person is paid. The paid person buys, paying someone else... saving money reduces velocity of money.As per* /u/Sherbertdonkey *- Money is the mass, where it is going, changing hands with,etc. Is the velocity.* + +*What you're looking for here is momentum to drive stuff* + +The difference between the blue line and the green line is about 21% - 30%. If the velocity of money increases and the economies open up and people start spending again.... inflation will rocket. HARD.I am expecting over 20%. + +Want to check it yourself and audit my work? I would love it as we all get better as we learn together. You can use the indicator here. The source code is freely available: [https://www.tradingview.com/script/4QLOhWlJ-Inflation-Nation](https://www.tradingview.com/script/4QLOhWlJ-Inflation-Nation/) + +tldr; + +This market is kept up by the fed printing. This printing HAS to cease if velocity of money increases or the inflation will launch into the moon. If the fed stops printing, the market crashes. If the fed keeps printing, interest rates rise and this ridiculously indebted market crashes.Either way the market crashes and this ridicuously inflated assets that are offsetting GME paper losses will vanish. Marge will call and hedgies will be fuk. + +edit2: the math i used to measure inflation can be found here: [https://thismatter.com/money/banking/money-growth-money-velocity-inflation.htm](https://thismatter.com/money/banking/money-growth-money-velocity-inflation.htm) + +edit3: Looks like I was wrong guys, I can't do math! + +Lets actually review it together and see if I am retarded: +Lets solve to see what Price should be: +**Prices = Quantity of Money × Velocity of Money / Real GDP** + +**Notice how it says** ***REAL*** **GDP?** + + +res = input(title="Resolution", type=input.resolution, defval="D") + Guess_Velocity = input(title="Guessed Velocity of Money", type=input.float, defval=1.4) + + M = security("FRED:M2", res, close) + Nominal_GDP = security("FRED:GDP", res, close) + Inflation = security("FRED:CPIAUCSL", res, close) + + V = Nominal_GDP / M + Y = Nominal_GDP / Inflation + + Price = M * V / Y + + Real_Price = M * Guess_Velocity / Y + + Expected_Inflation = (1 / (Price / Real_Price) - 1)*100 + +To get real GDP you have to divide the nominal by some price deflator. If someone has a better one to plug into my tradingview indicator that would be great. Until then, I have used CPIAUCSL: [https://fred.stlouisfed.org/series/CPIAUCSL](https://fred.stlouisfed.org/series/CPIAUCSL) + + +So now with the real GDP number we can work out what the prices are for each given year, what they SHOULD have been for that given year (assuming our baseline V) and the DELTA. The delta is all that matters here folks. Its NOT THAT HARD and thats why I asked you all to check my source code on the indicator rather than engage in some flawed math like the guy in the comments below (who deleted his account) or /u/hikurashi83 did in this post: [https://www.reddit.com/r/Superstonk/comments/o49o2w/debunking\_the\_20\_inflation\_dds\_it\_is\_crucial\_to/](https://www.reddit.com/r/Superstonk/comments/o49o2w/debunking_the_20_inflation_dds_it_is_crucial_to/) +Corsair Gaming (NASDAQ:CRSR): + +• Q1 Non-GAAP EPS of $0.58 beats by $0.25; GAAP EPS of $0.47 beats by $0.18. + +• Revenue of $529.4M (+72% Y/Y) beats by $76.13M. + +• Gaming and creator peripherals sales increased 132% to $175.9M. Gaming components and systems revenue was up 52% to $353.5M. + +• Gross margin was up 480 bps on the year to 30.3%. + +• Adjusted EBITDA was up 197% to $80.4M. + +• The company reduced debt by $28M in the quarter with the outstanding principal now at $299M and net debt at $177.3M. + +• Outlook: Raising net revenue to be in the range of $1.9 billion to $2.1 billion from $1.8 billion to $1.95 billion (consensus: $1.91B); Raising adjusted operating income to be in the range of $235 million to $255 million from $205 million to $220 million; Raising adjusted EBITDA to be in the range of $245 million to $265 million from $215 million to $230 million. + +> “We are thrilled with our first quarter financial performance and strategic progress. End demand remained strong for our products and our new products such as the K65 mini RGB keyboard and Elgato’s new accessories debuted well. We introduced 29 new products in the first quarter and we expect this blistering pace of new product introduction to continue throughout the year with several brand new products still to come. Supplies of key components remain tight but we have been able to support our plans and will continue to work on this issue for the rest of the year. As a result of our stronger-than-expected first quarter performance and our current views for the rest of the year, we raised our 2021 annual guidance,” stated Andy Paul, Chief Executive Officer of Corsair. +Ladies and Gentlemen, Boys and Girls. This is the One. + +I know some of you only clicked because of the $10K portfolio give away so I'll get it out of the way now ->[ Article on how to win $10K portfolio](https://only1token.medium.com/only-1-token-the-10k-portfolio-giveaway-e8bc4a4e0eb3) + +But if you’re trying to make more than that then you’re in the right place. + +We know that the entire market is correcting right now but we have managed to double the amount of holders. We added over 2000 Twitter followers through some giveaways. And the TG continues to grow. TikTok/Youtube[ videos](https://www.youtube.com/watch?v=14xdujlZMe8) have also been released. + +The goal - we are going to be the highest costing asset in the world (There is literally only 1 token) -> there is more than just 'meme' energy on this project. Join the Telegram and you will find a serious marketing team along with actual Apps being developed. This is still very very very much early stages of the project, once this picks up steam in the next few weeks, everyone outside of the crypto world will be talking about it and crypto users will benefit from our Apps that are being developed. Look at the market cap right now, if you get in now then you will be seeing growth of x10-20 in the next few weeks. + +**Tokenomics:** + +* Market Cap = Price +* Total supply - 1 +* Max Buy/Sell - 0.01 +* Tx fee - 10% +* Liquidity - 5% +* To Holders - 5% + +&#x200B; + +**LINKS** + +* Telegram: [https://t.me/only1token](https://t.me/only1token) +* Website:[ https://www.Only1Token.com](https://www.only1token.com/) +* PancakeSwap -[ https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x6cFeb2d07623fd884f525e7c33B6FC97147c4F41](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x6cFeb2d07623fd884f525e7c33B6FC97147c4F41) +* Locked Liquidity -[ https://dxsale.app/app/pages/dxlockview?id=0&add=0x1B0BC89da91F9C8b483D7249c0b3b6B012EbE81a&type=lplock&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=0&add=0x1B0BC89da91F9C8b483D7249c0b3b6B012EbE81a&type=lplock&chain=BSC) +* Ownership Renounced -[ https://bscscan.com/tx/0x91d377a8cfe22e31bd0476933d1db3c9ffde205b5b8c81c8ba94aad499ae8d8c](https://bscscan.com/tx/0x91d377a8cfe22e31bd0476933d1db3c9ffde205b5b8c81c8ba94aad499ae8d8c) +* Coin Info -[ https://bscscan.com/token/0x6cFeb2d07623fd884f525e7c33B6FC97147c4F41](https://bscscan.com/token/0x6cFeb2d07623fd884f525e7c33B6FC97147c4F41) +* Chart-[ https://poocoin.app/tokens/0x6cFeb2d07623fd884f525e7c33B6FC97147c4F41](https://poocoin.app/tokens/0x6cFeb2d07623fd884f525e7c33B6FC97147c4F41) +GAT is the most substantial auto BNB Reflection in the Blockchain Industry. + +The Green Arrow Token is launching today. This is a clear once in a lifetime opportunity to get enormous amounts of BNB in rewards. + +The Green Arrow Token contract is verified, tested and working perfectly. + +Revolutionary Marketing App is in Development. + +The Booster App is also in Development, being the 1st Product of $GAT Ecosystem. + +The Presale is around the corner. $GAT PRE-SALE on July 2nd 4PM UTC! Get in early, because this is the biggest opportunity to earn enormous amounts of BNB while doing nothing! + +Green Arrow Token aims to build an ecosystem of tokens and platforms that will greatly facilitate holders to earn passive income and market new and existing tokens! Good projects take time and effort to develop. Green Arrow Token wants the investors to be earning BIG passively while investing in their products. + +**Is GAT Safu?** + +* Devs will lock 100% liquidity in Pancakeswap for 3 years! +* Contract audit to drop from a certified auditor +* No false promises of projects that will never happen! +* Anti-Whale, Anti-Rug +* Big Marketing Budget Reserved for keeping the hype going + +**Tokenomics:** + +* Ticker: $GAT +* Total Supply: One Billion 1,000,000,000 +* 11% Back to Holders in BNB Paid Automatically to your Wallet. +* 4% of each transaction is goes to liquidity for Pancakeswap. +* Max selling volume is restricted to 0.1% of the total supply. + +📃Contract: 0x99A70Da16Dd7c354827b92DC0c2CcBca9c7be9ba + +Socials & Other Links: + +* 🔹Web: [https://greenarrowtoken.com](https://greenarrowtoken.com/) +* 🔹Telegram: [t.me/GreenArrowTokenBSC](https://t.me/GreenArrowTokenBSC) +* 🔹Twitter: [https://twitter.com/arrow\_token](https://twitter.com/arrow_token) + +The rapidly growing community is active and engaging! Make sure to drop by to clear up any questions you got. +I along with probably many others here are new to the trading world. GME sparked our interest but we know this isn't how the market usually works. With that being said, I've been doing some research on the different features and functions provided in different web applications so I figured I'd share some basic info here to try and help some others. + +Here is a very basic explanation of the different indicators I have got. I guess some of you already have in your charts. + +[Macro sentiment](https://cindicator.com/macrosentiment) \- This gives weekly indicators and works best when you have a stock portfolio also if you have option trading. Their risk factor is also improved, through their collective intelligence indicators platform which is an interactive platform between the team and its users where they ask questions about the future trends of the market. +[BOLL (Bollinger)](https://www.investopedia.com/articles/technical/102201.asp) \- This finds the position of a security within Bollinger Bands. %B is simply a percentage measure of a security’s location between the bands. %B can be lower than 0 or higher than 100 if price moves outside the bands. Generally speaking, a %B near or above 100 can suggest an overbought market, while a value near or below 0 can indicate an oversold market. + +[DC (Donchian Channels)](https://www.tradingview.com/scripts/donchianchannels/) \- Are used in technical analysis to measure a market's volatility. It is a banded indicator, similar to Bollinger Bands %B. Besides measuring a market's volatility, Donchian Channels are primarily used to identify potential breakouts or overbought/oversold conditions when price reaches either the Upper or Lower Band. These instances would indicate possible trading signals. + +[EMA (Exponential Moving Average)](https://www.investopedia.com/terms/e/ema.asp) \- This is a technical chart indicator that tracks the price of an investment (like a stock or commodity) over time. The EMA is a type of weighted moving average (WMA) that gives more weighting or importance to recent price data. + +[IC (Ichimoku Cloud)](https://www.investopedia.com/terms/i/ichimoku-cloud.asp) \- A collection of technical indicators that show support and resistance levels, as well as momentum and trend direction. It does this by taking multiple averages and plotting them on the chart. It also uses these figures to compute a "cloud" which attempts to forecast where the price may find support or resistance in the future. + +[KC (Keltner Channels)](https://www.tradingview.com/support/solutions/43000502266-keltner-channels-kc/) \- A banded indicator similar to Bollinger Bands and Moving Average Envelopes. They consist of an Upper Envelope above a Middle Line as well as a Lower Envelope below the Middle Line. The Middle Line is a moving average of price over a user-defined time period. Either a simple moving average or an exponential moving average are typically used. The Upper and Lower Envelopes (user defined) are set a range away from the Middle Line. This can be a multiple of the daily high/low range, or more commonly a multiple of the Average True Range. + +MA (Moving Average) - A simple technical analysis tool that smooths out price data by creating a constantly updated average price. The average is taken over a specific period of time, like 10 days, 20 minutes, 30 weeks or any time period the trader chooses. There are advantages to using a moving average in your trading, as well as options on what type of moving average to use. Moving average strategies are also popular and can be tailored to any time frame, suiting both long-term investors and short-term traders. + +Pivot Point - A technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. The pivot point itself is simply the average of the intraday high and low, and the closing price from the previous trading day. On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. + +SAR - The Parabolic SAR is a technical indicator developed by J. Welles Wilder to determine the direction that an asset is moving. The indicator is also referred to as a stop and reverse system, which is abbreviated as SAR. It aims to identify potential reversals in the price movement of traded assets. It can also be used to provide entry and exit points. + +SuperTrend - This indicator works well in a trending market but can give false signals when a market is trading in a range. It uses the ATR (average true range) as part of its calculation which takes into account the volatility of the market. The ATR is adjusted using the multiplier setting which determines how sensitive the indicator is. +I recently just bought a place and rented it out for 2200. My mortgage, insurance, and taxes comes to 1400 after everything is put together. + +I am unable to obtain another traditional mortgage due to the current debt to income ratio. Can anyone share their experiences with attempting to purchase another home early in the real estate grind? I know I can apply for private loans and hard money lenders but I am just unsure in how the process works. TIA +I'm at a point where my portfolio has appreciated to the point that I can sell roughly half my portfolio to pay off the remaining mortgages on the other half. Real estate is not my life, it is a side hustle and the idea of having them paid off is a bit of a relief. + +Those of you who've taken the plunge to not maximize ROI, do you regret it? +If you transfer your shares it is simply at your sole discretion. I say this because I want to make it clear that we all know that none of us would ever collude or act as a uniformed entity. + +I ,like all of you , would never work with or help any of you cause an undue hardship on market makers or brokers by pulling shares out and placing them in CS. + +I, like all of you , have no intent to cause any form of negative consequences by any transfer to Computershare. + +I say this because I would never want a market maker or hedgefund to think they have any ground to say that I or anyone else "colluded" to cause market instability or any form of hardship to achieve any form of outcome. + +We all act on our own. + +I am simply transferring mine because I feel it is the best course of action for my own investment. +Hi all, + +I have a nice income from dividends, moslty from US stocks. However I live in one of the worst countries in developed world regarding taxes, i.e. Italy. + +Which country do you think has the best trade off between cost of living and taxes on dividends? +# TLDR: + +The app lets you input your budget or your planned expenses and earnings, then it shows you a forecast of your monthly cash balances for the next X years based on your input. Hence, it's a very useful tool for personal budgeting and financial planning. + +The app, which I aptly named **Financire**, is completely free and is available for the three major platforms: [Web](https://financire.com/), [iOS](https://apps.apple.com/app/id1504483911), and [Android](https://play.google.com/store/apps/details?id=com.sidgo.financire). + +# FULL: + +First of all, the idea for this app came directly from a spreadsheet I've made which I used quite often. However, I figured that Excel is not powerful enough to do everything I want such as the features enumerated in this post. So after the current pndemic forced me to recalibrate my personal financial plan, I decided to convert the spreadsheet into an app because I believe I'll be using it more often due to the uncertainties presented by this vrus. + +**This app will be useful if:** + +* You're planning for major purchases +* You're on a tight budget +* You're concerned about your financial liquidity or solvency +* You want to know what's the earliest time you can afford a certain purchase + +**Productivity features that spreadsheets lack:** + +* One-time expense/income vs. repeating (daily, weekly, bi-weekly, monthly, etc.) +* Option to input multiple amounts for an item. This is useful if the item is variable (e.g., increasing salary, mortgage with downpayment, etc.) +* Tags for easy filtering for grouping items (e.g. group expenses related to your car purchase) +* Enable/disable item for comparing scenarios +* Monthly and annual totals for each item to easily compare items (e.g. annual total of your daily food expense) + +Thank you for reading this and I hope the app will be useful for everyone. + +P.S. For those curious, the app is built using React, React Native, and Google Firebase. +Hi All, + +I'm only assisting a planner and overheard an interesting demand from a client... + +Client wants to buy tons of ibonds, like $200k worth. + +I know the limit is $10k. The clients idea and point to demand it is that he has purchased $10k for himself, spouse, child, and revocable trust before. Yes the trust shares his social and flows through his tax return. IRS didn't say anything before, no issues from CPA, and client had a whole long email explaining why he can do this... + +He now wants to just open a bunch of trusts and buy ibonds in each of them ... does anyone have any definitive rulings or regulations that explain why this can't happen? + +The website allows the client to make the purchases and therfore thinks we should do this for him... but we really don't think we should do this even thought the website allows him to purchase them in multiple trusts. + +What do yall think? +I'm (21M) moving out to an apartment, but Idk how much rent I should be aiming for. I just got a new job, so it's hard for me to estimate how much exactly I'll be making, but according to the documents I was given, it should be around $34k (it's hard to guesstimate because it's technically two positions and I have to different pay rates). + +My mom said she wants me out on 3 months. I'm not sure how serious she is, but regardless, I'd like to be moved out in 3 months. What's the best way to go about this? I'll need to pay for rent, food, and other normal things which I'm not used to paying for. So I just want some advice to know what a good course of action is. + +I read that 30% of monthly earnings for rent is a good way to go. Is this accurate? That would be about $840 I think, but like I said early, it's two different jobs, so I don't know if I'd get the full amount, since it would mean working 92hr/pp and my first two weeks add up to 80hrs, but they are also training so I'm not sure if it's scalable or not. I'm just looking for some guidelines or resources to follow and get me on the right financial path + +Should I apply for apartments as soon as I get my check? Should I save up the whole first month? How long does it take to get approved for an apartment? My credit score is like 680 because I just got a credit card last July if that matters. Should I make a budget? + +Edit: fyi, I don't live in a HCOL area or a big city like NYC or LA. My wage is pretty good in the area I live +If you are trying to DRS shares you've bought that have already settled, from any broker, and they are telling you it will be a few weeks or more, then they do not actually own your shares! + +There is absolutely no reason that it should take more than 3 to 5 days to DRS your shares to ComputerShare. It is not a transaction, it's simply a transfer from the broker to you. There should be no issue locating shares to transfer if they had actually owned them in the first place. + +Talk is cheap, it's time to start taking action. It's clear the SEC wants no part of doing the right thing (please prove me wrong with your "report" GG). So bring the issue to the next best thing. Attention is starting to shift, it's time to expose to the world just how corrupt this system has become; and let those complicit know that we are aware of what is going on. + +[Here's a link](https://www.consumerfinance.gov/ask-cfpb/how-do-i-find-my-states-bank-regulator-en-1637/) to the CFPB website to find your states appropriate committee to contact. +Not trying to be a worry wort, but uhhhh yeah... + +[https://www.cnbc.com/quotes/US20Y](https://www.cnbc.com/quotes/US20Y) + +&#x200B; + +[https://www.cnbc.com/quotes/US30Y](https://www.cnbc.com/quotes/US30Y) + +It's flattening and inverting. This is signaling a recession. This was what was going on with the bond markets the other day, what this means is the FED/BigMoney is pulling out. That's why we're seeing a correction. Moving money into oil most likely or other actual assets. The natural yield curve has probably been inverted for a while, but the short end of the curve has been artificially suppressed by the Fed. We're just starting to see it now that they are tapering. + +Doesn't mean freak out just yet or anything, but definitely think about being a bit more guarded if you are bullish. I would watch all of the banks to see what happens with them, definitely the European banks aswell. If things get really bad, you could see a domino effect. + +https://preview.redd.it/ivcvu7l9mxc81.png?width=1157&format=png&auto=webp&s=d71150ebe14ae44ed799e5e6e183fa6f788a3ef9 + +*Personally,* ***I am growing bearish*** *over all of this and just want to get it all over with. I will be looking at SPY/QQQ puts tomorrow. If we go up in the morning like we did today for that fake out, I will grab some at roughly the 0.20-0.30 cent range. Usually the calls/puts within a 5 dollar range work for this since that is the ATR SPY puts out. It's hard to tell today without knowing how tomorrow will be, but usually the ones worth that much at the top end up flying 500-1000% 0dte. I am going to try to wait till we have a +2 std dev move upward/downward before I grab them. Don't know if the morning fake out will get us that high, but also this play can be reversed if for some reason we start moving upwards. Set stop losses. Move them up right off the rip when you are in the green. Don't get greedy. Do this and* ***YOU WILL MAKE A PROFIT*** *even if you get stopped out. If you get stopped out. Wait, and rebuy another option.* + +This play is also separate in relation to the above mentioned stuff. I am buying options regardless of what happens. + +**This is an extremely risky play and I do not recommend you jump into this if you are not familiar with how 0dte options work.** + +I am only going to throw a few hundred at this and see what happens. It's been working out great all week so far though. Be aware tomorrow is Option Expiration for LEAPS that were bought 2 years ago. + +Today we closed at an important MA line on most major stocks, a critical one, some even below. Tomorrow is opex, playing options could be very risky tomorrow with everything. + +Stay frosty boys and girls. + +EDIT: Update with the SPY chart I am using. + +&#x200B; + +https://preview.redd.it/qy7i7kopeyc81.png?width=1276&format=png&auto=webp&s=b4fa25525e6f18ef72506e6a7ebaaad49423506f + +EDIT UPDATE 1-21-2022 9:36 am (GMT Texas time) + +This is what I have done so far today, + +&#x200B; + +https://preview.redd.it/nrw06y4z92d81.png?width=1219&format=png&auto=webp&s=3b2d787f62c1e2d8f9d878d5c44ccb13dcd0cbca + +EDIT 2: 10:00am (Texas GMT time) 440 spy calls now up like 400% or something. I am taking profit and stepping out of the market. Here is an updated graph showing my progress today. + +https://preview.redd.it/klvhhmu4d2d81.png?width=1210&format=png&auto=webp&s=9753810ad32c5aebb35d4673f8594b9eb2c6ba75 + +Just got stopped out here. Stepping out of the market to enjoy my day now. You guys have a nice Friday. + +EDIT : Checking XOM (Exxon) over the past month. Yeah, it's pretty clear. My point here stands. For now. We are going into the summer soon, so oil will go up a bit regardless. + +https://preview.redd.it/09zf2xk593d81.png?width=1209&format=png&auto=webp&s=3037a4a87975e9c427e05a9e603f891cc6cac24f + +&#x200B; +On May 2, I received a letter from Coinbase.com as follows:«Upon careful review, we believe your account has engaged in prohibited use in violation of our Terms of Service and we regret to inform you that we can no longer provide you with access to our service. We respectfully request that you follow the on-screen instructions presented when you log into your Coinbase account to send any remaining balance offsite to an external address.». + +Screenshot of account lock email: + +[https://gyazo.com/7dabe454cc86998df15215c3e26cb60e](https://gyazo.com/7dabe454cc86998df15215c3e26cb60e) + +I was surprised by this letter because I did not use Coinbase often. I turned to the support asking what my actions Coinbase considers to be wrong, but I received the answer that Coinbase is not obliged to explain its actions. Then I decided to withdraw my funds from the Coinbase platform in accordance with the requirements in the letter. But it is not possible to withdraw funds from the account since the withdrawal is blocked. The system offered to contact support. In support, more than 10 letters were sent asking for help in unlocking the output and fulfilling the requirements of Coinbase itself. On the first letter there was an answer what to appoint the responsible officer who will deal with my problem. All subsequent letters that I sent from May 2 to May 23 were ignored. Now I receive notifications about the closure of my calls, but at the same time I cannot withdraw funds. + +For recent letters, support for even the answers did not send a full ignore. + +In connection with these actions of Coinbase, I have a personal opinion that Coinbase is not going to return my funds to me. I warn everyone who has Coinbase accounts about the fraudulent activities of this site. Having a Coinbase account runs the risk of: + +1. Your account can be blocked at any time for no reason. +2. Coinbase support does not work and will not help you. + +I have already seen threads created by other reddit forum users about Coinbase fraudulent activities. I ask everyone to pay attention to this so as not to get into the same situation as me. + +I will continue to post information on all resources available to me about Coinbase activity. + +Screenshots from the locked cabinet: + +[https://gyazo.com/2f1e6e7f66026bd3f7686a36f7ca257e](https://gyazo.com/2f1e6e7f66026bd3f7686a36f7ca257e) + +[https://gyazo.com/d434be8368d6004e2ae113f4651401ff](https://gyazo.com/d434be8368d6004e2ae113f4651401ff) + +[https://gyazo.com/72f05ca6b6ae1886846751af21ccdb79](https://gyazo.com/72f05ca6b6ae1886846751af21ccdb79) + +&#x200B; + +**P. S. Today 24/05/2019 Coinbase.com opened a withdrawal of my funds from the platform. Thanks to everyone who helped me and the entire Reddit community. There were many words of support and advice on how to act in my problematic situation. Thanks, friends.** + +**And thanks to the support of Coinbase who found the time to figure out my problem after I published a post in r / bitcoin** +Started selling puts and calls 6 weeks ago. + +bottom line: + +Haven’t been assigned on my puts yet (knock on wood) +Made 36 trades (more if you include closing out some puts) + +Traded, MU, AMD, IWM, FB, TWTR and sold CCs on CCL + +28.5k working capital + +Average weekly % return: .736% (high was 1.54% low was .122%) + +Annualized is 38.3% + +6 week profit: 1262 + +Avg weekly profit: 210 + +Is this sustainable? 38.3% annualized seems crazy... + +Also, 6 weeks is a small sample size I guess. + +EDIT 1: for those that have done this for way longer, are my results within the average? I would like to hear what people that have been doing this for way longer than me to cite their annualized return so I can have more data points. +More reasons to buy and hold $KILI, the bsc lottery token**. On may 11th the pot will start at 5711 $KILI. That’s currently 11422 USD. Oh and they will burn at least the same amount of token.** + +If you want to know why , i invite you to read this article + +This is not enough for you? + +**$Kilimanjaro will get listed on it’s first exchange soon**. The name of the exchange is still under a NDA. A SECOND exchange is being negotiated. + +Still not enough? + +**The market cap is 1.7M.** In my opinion this token can easily get to 20M. It’s an easy x10. + +So I invite you to buy your lifelong lottery ticket. To do so just buy and hold 50kili. It’s currently 100 usd. + +**Tokenomics:** + +5% tax. 2.5 % burned and 2.5% goes directly into the lottery pot. There’s 3 winners everyday. + + + + **🗻 Listed on CMC and CG** + +**🗻 1M token initial supply** + +**🗻 120K tokens burnt** + +**🗻 Liquidity lock for a year** + +**🗻 Audited** + +&#x200B; + +Website: [https://kilimanjaro.finance](https://kilimanjaro.finance) + +Chart: [https://dex.guru/token/0x865d0c78d08bd6e5f0db6bcbf36d3f8eb4ad48f8-bsc](https://dex.guru/token/0x865d0c78d08bd6e5f0db6bcbf36d3f8eb4ad48f8-bsc) + +Telegram Community: [https://t.me/kilimanjaro\_community](https://t.me/kilimanjaro_community) + +Twitter: [https://twitter.com/kilimanjarodefi](https://twitter.com/kilimanjarodefi) + +Direct Token Address: 0x865d0c78d08BD6e5f0db6BCbF36d3F8EB4ad48F8 + +**------Buy on Pancakeswap! (Set slippage to 6 / 7%) -------** + +[https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x865d0c78d08bd6e5f0db6bcbf36d3f8eb4ad48f8](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x865d0c78d08bd6e5f0db6bcbf36d3f8eb4ad48f8) +There's a lot of speculation going around that the NFT marketplace is going to crush the SHFs. + +I really don't think it will happen like that. I believe many institutions will see it and say "so what?". My opinion is that it will probably take a couple of quarters for the revenue to get ramped up for more potential longs to see it as a profit machine instead of a liability. + +The marketplace is a tool in GameStop's shed, it's not the MOASS trigger by itself. + + DRS is the fastest and most direct way. +I came across this post from 2017 that compares the returns of buy and hold investing versus waiting for a crash of x% before investing. + +[Waiting for the Market to Crash is a Terrible Strategy](https://svrn.co/blog/2017/5/14/waiting-for-the-market-to-crash-is-a-terrible-strategy) + +>Second, the market tended to exhibit momentum more than mean reversion over years-long horizons. **As strange as it sounds, you would have been better off buying when the market was going up and selling when it was going down**, using a trend-following rule. + +This quote reminded me of a 2020 piece from JP Morgan Wealth about investing at all-time highs. [This is the PDF](https://www.jpmorgan.com/content/dam/jpm/securities/documents/cwm-documents/Is-it-worth-considering-investing-at-all-time-highs.pdf) and the relevant section starts at the bottom of page 3. And here is [a summary of it from some dude's LinkedIn Post](https://www.linkedin.com/pulse/should-you-invest-when-stock-market-all-time-high-monik-kotecha/). + +>If you **invested in the S&P 500 on any random day since the start of 1988 and reinvested all dividends**, your investment made money over the course of the next year 83% of the time. **On average, your one-year total return was +11.7%**. +> +>Now, what do those figures look like if we **only consider investments on days when the S&P 500 closed at an all-time high? They’re actually better!** Your investment made money over the course of the next year 88% of the time, and **your average total return was +14.6%**. + +With crash calling and correction calling, you have to make two correct market timing calls in a row. When to sell and when to buy back in. I know I can't do that. + +The other issue with waiting for a large correction is when it finally occurs, the people that were waiting will be fearful of the market dropping further and won't put capital to work when they said they would. It's more likely they'll wait until things improve which means the market has already recovered. +Looks like the new leadership in the SEC is on a fucking roll. + +[https://www.sec.gov/news/whatsnew/wn-today.shtml](https://www.sec.gov/news/whatsnew/wn-today.shtml) + +11 new regulatory actions. The press release for Mrs. OH and then the sunshine act meeting back on the calendar with the new staff. Let's make some hedge fund heads roll. + +&#x200B; + +On a side note. It takes the average human 3 months and 11 days to get bored or get over something. Hang in there! Have faith. Trust the numbers and pray for the system to find North again. BOTTOM LINE IS HODL!! +ATTENTION - CRYPTO BOMBSHELL NEWS: + +Fomolabs has collaborated with Lineal Heavyweight Champion TYSON FURY + +Featured on Forbes - [https://twitter.com/Tyson\_Fury/status/1380225990337642504](https://twitter.com/Tyson_Fury/status/1380225990337642504) + +&#x200B; + +\--- + +&#x200B; + +Presale ended about 2 hours ago on BSCstarter. + +&#x200B; + +Presale Outcome: + +\- Sold out in 21 minutes (this included a 15 minute Guaranteed Allocation Period which was sold out in 8 minutes. + +\- A record 287,000 votes in 2 days on BSCstarter. + +\- 480 Token holders, with a maximum of 2 BNB each. + +&#x200B; + +\--- + +&#x200B; + +Fomolabs aims to be the most exclusive NFT management agency and marketplace on the Binance Smart Chain. All our NFT releases are vetted and by well-known musicians, athletes, celebrities, rappers, artists, digital creatives, and influencers. + +&#x200B; + +Each month fomolabs partners with a world-renowned personality to put together an amazing set of digital and physical art products that can be redeemable for FOMO tokens or sold in the FOMO swap NFT exchange. + +&#x200B; + +Fomolabs is a creation built by a team of expert blockchain developers, digital artists, and creatives, influencers, celebrities & marketing professionals. + +&#x200B; + +Tokenomics + +&#x200B; + +🔸Total Supply: 100M $FOMO + +🔸IDO Presale:16% + +🔸PancakeSwap Liquidity: 8% + +🔸Blockwaves/ VC: 10% + +🔸Advisors & Partnerships: 8.5% + +🔸Reserves: 30% + +🔸Staking: 20% + +🔸Marketing: 5% + +🔸Airdrop: 2.5% + +&#x200B; + +🔹Website: + +[https://fomolab.io/](https://fomolab.io/) + +&#x200B; + +🔹Telegram: + +[https://t.me/FOMOlab](https://t.me/FOMOlab) + +&#x200B; + +🔹Twitter: + +[https://twitter.com/Fomo\_lab](https://twitter.com/Fomo_lab) + +&#x200B; + +🔹Medium: + +[https://thefomolab.medium.com/](https://thefomolab.medium.com/) + +&#x200B; + +🔹$FOMO Contract Address: + +0x5eef8c4320e2bf8d1e6231a31500fd7a87d02985 + +&#x200B; + +🔹Buy on PancakeSwap: + +[https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x5eef8c4320e2bf8d1e6231a31500fd7a87d02985](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x5eef8c4320e2bf8d1e6231a31500fd7a87d02985) +Does anyone have a resource to help them walkthrough distressed houses and evaluate quick estimates on rehab costs? + +I don't come from a construction or contacting background and I can't bring a GC to every walkthrough I do, so I'm curious if anyone has a checklist or something along those lines. Hopefully with weighted cost estimations? + +Thanks in advance! +I had a weird situation and to me if feels illegal. +I received a gift card for $200 and when I went to redeem it, I was advised that I couldn't claim the GST so basically if ai bought a $200 item, I could only claim $180 on the card and had to pay a further $20. + +I've never heard of this and it feels wrong. Thoughts/ advice? + +**Edit** +For those asking, the business is called "Bespoke Aquariums". + +I don't have the terms and conditions, it's at the checkout where you can't use the giftcard for your purchase. +So like I said I’m down 35% on my investment. I put in $21,500 and made some really dumb decisions including opening a margin account and investing heavy on Apple and Nvidia. Well to my luck they both took a 50% nose dive. I’m now sitting at $14,000. + +Anyhow, I have recently gotten rid of margin account. I have invested heavily in SPY, QQQ, and some other ETF’s to reduce volatility. I plan on adding $500 a month to these investments and hope to at least make it past my 20k mark this year. + +Are there any other recommendations you have to max out my investment? FYI I’m 23 years old, have 0 debt, and don’t plan to take out this money within the next 5 years. + +Edit: Thank you for all of the responses! I am very thankful for all of the helpful redditors. I will take the advice and invest more long term, with most of my position in index funds. Any stock i buy for now on i will ask myself why i am buying, and will not look to sell the stock anything less than a few years. I will take this as a learning experience i paid 7 grand for. LOL +Had trouble logging into one account this morning, then another, and [it looks like every major bank's website is having issues right now](https://downdetector.com/search/?q=bank). Anyone have any idea what is going on? + +EDIT: Seems pretty clear this is because everyone is checking for their stimulus check. +I post this in this thread because I know a lot of us speak of allocation and how much domestic vs foreign stock we should hold in order to reach FI as fast as possible. Thought this article was interesting and figured I'd share. I'd love to hear what everyone's current international allocation is and/or if news like this will influence future allocations. + +&#x200B; + +I know the US has been the dominant economy for awhile (I personally hold no international yet, just VTSAX—I've followed the JL Collins mindset) but as we all know, past performance doesn't dictate the future, either. + +&#x200B; + +For the first time in nine years, [Singapore surpassed the United States and Hong Kong to clinch the title of the world’s most competitive economy](https://www.cnbc.com/2019/05/30/singapore-topples-us-to-become-worlds-most-competitive-economy-imd.html), according to IMD’s 2019 World Competitiveness Rankings. + +&#x200B; + +**The rankings go as follows:** + +1. Singapore +2. Hong Kong SAR +3. USA +4. Switzerland +5. UAE +6. Netherlands +7. Ireland +8. Denmark +9. Sweden +10. Qatar + +&#x200B; + +The CNBC article stated + +>Singapore’s immigration laws, advanced technological infrastructure, availability of skilled labor and efficient ways to set up new businesses helped it advance to the top, [IMD’s 2019 World Competitiveness Rankings found](https://www.imd.org/wcc/world-competitiveness-center-rankings/world-competitiveness-ranking-2019/). +> +>While the U.S. still ranked first in economic performance, IMD found that the country fell from its top spot as the boost in confidence from U.S. President Donald Trump’s tax policies faded. +https://www.bloomberg.com/news/articles/2021-03-11/amazon-quietly-began-building-a-grocery-chain-during-pandemic + +Grocery analysts say Amazon Fresh stores are likely cheap to launch and even cheaper to run—the perfect weapon to stake a long-term claim in a famously low-margin industry. + +Analysts have long expected Amazon to bring its cashierless technology to larger stores. The company currently operates two Go Grocery locations, the largest of which is about 13,000 square feet—or roughly six times the size of the original convenience stores. Fresh stores are substantially larger, ranging from from 25,000 square feet to 45,000 square feet. + +Amazon is always looking for a way to defend from walmart and target, amazon fresh store is the perfect answer. Amazon keep improving the logistic warehouses and expanding the delivery network, the fresh store will be easily managed and capturing the low margin market share. Amazon is providing an unlimited growth opportunity for shareholders, for investor who bought amazon under $3k for the latest pullback, congratulation. + +Thanks for the awards. +4 years of being out of school and today I had a bit of extra money in my bank account, so I made a lump sum payment and paid off the remaining balance of my loan. It feels really good. + +I used a loan calculator to determine the cost of borrowing for my original 10 year repayment term vs the 4 year term that I ended up with. There's a difference of about $8000. That's $8000 that I would have handed over to the bank over the next 6 years had I just made the minimum payments on my loan. + +It's something to think about for those of you with loans. One dollar spent now is one dollar with interest compounded over the remaining life of your loan that you don't have to give away to the bank. With that thought in the back of my mind, I've been making the decision to delay gratification and pay off my loans with my extra spending money every paycheque. + +I would recommend to people with loans to put a small amount of extra money into your loan every time you get paid. It doesn't have to be much, maybe only $20-50 if you can afford it, but it does wonders to decreasing the term length of your loan, which in turn saves you a lot of money in the end. + +Edit: quick note because a lot of people are asking, but my interest rate on the loan was 6.5%. I also have an employer-matched pension that I pay into every month. I think I'd be hard pressed to find an investment with better than a 6.5% guaranteed return. + +Edit 2: I work as a physiotherapist, and annually I earn 65-70k, with a take home of about ~~35k.~~50k. +Hi, as my title alludes I’m currently working near Boston where my cost of living is very high for just shy of $90k. I love my job and co workers but there is not a huge amount of room for advancement + +A recruiter found a job doing something similar to what I do now but in a manager role in Tampa for what they say is between $90-$100k + +I don’t necessarily have a great wish to move down to Florida unless I have a substantial standard of living adjustment + +I get I can run calculators to determine COLA, but has anyone made a shift from high COLA to low COLA and can tell me if it really felt substantially different to give me insight if the new role is worth considering? + +Thanks! + +Edit* An important factor I forgot to mention is that I was born and raised in Florida. I grew up dirt poor, but my parents are adamant that Florida is a whole different state for people who earn fair incomes + +So I’m worried my decision is being manipulated by my perspective having grown up in my specific shit town + +Also I am worried about lack of upward opportunity in Florida compared to Boston +> Key Points + +> - Investors shouldn't stay on the sidelines in the 2020 market, Ray Dalio said on Tuesday, because "cash is trash." + +> - The billionaire investor thinks "there's still a lot of money in cash," saying that "everybody is missing out, so everybody wants to get in." + +>- Dalio doesn't think there will be a recession this year and he said investors should look beyond the 2020 U.S. presidential election. + +[CNBC](https://www.cnbc.com/amp/2020/01/21/ray-dalio-at-davos-cash-is-trash-as-everybody-wants-in-on-the-2020-market.html) +[SOLVED] For background, i'm 21 with a 135k base income. No debt and a 350 a month car payment w 1% interest. + +I've been searching for a roommate to try and keep my rental cost to around 2k-2.5k a month, but the prospect of living with a roommate in a new city really does not appeal to me and would greatly affect my happiness as I haven't found anyone who I would actually like to live with. + +There are studio apartments for around 3.3k-3.6k a month with everything I want included (in unit washer dryer, dishwasher, great kitchen, parking). + +After taxes in CA I expect to make around 88.5k. + +Is this too much to spend on housing per month? + +EDIT: For more info, 50k RSU/4, 30k+13k for initial bonus. I'm not touching any of these. No debt is incorrect as I am paying off my car but it's extremely manageable at $350 a month, $128 for car insurance, $25 for renters insurance, $80 for health insurance a month. I cook most meals and if i go out it lasts me 2-3 meals. Maybe $10-$20 on weekends for drinks + +UPDATE: After some amazing help from the comments, I've been able to look elsewhere in the area and locate places for around 2.6-3k with the luxuries I would like! Thank you everyone + +FINAL UPDATE: Thanks to some suggestions, I was able to find a 1 bed for $2400 in Menlo Park :) Thank you everyone, I was getting frustrated by the rent prices but was able to be pointed in the right direction! +I’m not trying to be disrespectful, but if I’m ever 98 and I’m still buying stocks talking about them being long term plays, then please just kill me. Seriously, almost all of us here want to make enough money and become financially free, we want to reach a point where we don’t have to worry about money anymore for the rest of our lives, and then here is someone who has reached that point and has made it, but refuses to retire and still buys and sells stocks in order to make even more money and is spitefully defending his positions even though he probably won’t even be here to see if he was right 5 years from now. There is clearly something wrong with this picture… +Covered call went deep ITM and didn't recover on expiration day yesterday. + +I didn't want my shares called away. + +I think the stock will come back down soon (obviously no guarantee as I need the stock to drop about 10% for my strike to be OTM. + +I was debating between rolling out 1 or 2 weeks for a small credit and maintaing the same strike price vs. rolling out a month in order to get a small credit AND the next higher strike price. + +What would you do? +Hello im really new to trading about 2 months in and i struggle to find something that works, i have learned about support/resistence, price action, break of structure and these kind of basic stuff but doesn't seem to find a way to make it work. Can you give me any advice if you are succsessfull in trading that might help me thanks. +Hey guys its me again, i wanted to gain "experience" / "insights" in price action trading/ forex in general from you guys in sense of the title. What did you wish you knew earlier or had done differently or focus more on some particular parts? Please leave your comments, its highly appreciated to know your past experiences :D + +Just want to show my thanks to the people who commented your comments really do help a lot even tho its just words but words are powerful 🙏🙏 +Because we're all peasant fucks we're not used to thinking about numbers with a lot of 0's, but if we put things into perspective by thinking about Blackrock and what they will gain from this, you'll realize you're probably going to be a millionaire. + +&#x200B; + +[Profit Table](https://preview.redd.it/6ygbflioort61.png?width=968&format=png&auto=webp&s=d60e0ce750d658c5b98cd3f96b306c0bfa1256d3) + +Right now Blackrock has $9 trillion in assets managed. Their net income this quarter was $1.2 billion, meaning just a year of normal asset management they take in at least $4 billion. + +With this once in a lifetime trade, how much can Blackrock profit? + +When the share reaches $10k, Blackrock only gets $92 billion. That's like only 1% of their total assets managed. If you hear a story about a hedge fund making $92 billion, you'd probably think that was normal anyway. AKA $10k is guaranted. + +When the share price is $1 million, blackrock only doubles their worth in terms of assets managed, from $9 trilllion to $18 trillion + +in 2008, after the crash, Blackrock went from having [$19.9 billion to $178 billion in total assets managed,](https://en.wikipedia.org/wiki/BlackRock) so doubling it again after a giant giant crash is definitely very reasonable. + +IMO, doubling someone's total asset's net worth is completely doable. WSB YOLO their entire life savings all the time into FDs and sometimes gain massively. So why can't blackrock do the same with this short squeeze, just doubling their net worth? This scenario happens only once in history, I'd think they should at least be able to double their net worth. + +So in the scenario where blackrock doubles their networth, the share is at $1 mil each, and even 1 share apes will be millionaires (pre tax). + +Therefore, not financial advice, but the floor is 7 figures at the VERY minimum, maybe even 8 figures. + +TL;DR = $1 mil a share only doubles Blackrock's networth and is completely doable, so don't paperhand before a mil kthxbai. + +Edit: oops got DFV's shares wrong. He has 200k not 500k, so take his profits on the table and divide by 2.5 He'll still be rich AF when this is done, regardless. + +EDIT 2: There has been also some good points made in the comments. 1. A share price of $10 mil doesn't mean everyone is going to hold to $10 mil to sell. The selling will probably follow some sort of distribution curve, as per this reddit post: [https://www.reddit.com/r/Superstonk/comments/mmt8rh/geometric\_mean\_exponential\_increase\_and\_gme\_price/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/mmt8rh/geometric_mean_exponential_increase_and_gme_price/?utm_medium=android_app&utm_source=share) + +Also, about who's gonna pay this money to us: [https://www.reddit.com/r/Superstonk/comments/mngzp0/chasing\_70\_trillion\_waterfalls/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/mngzp0/chasing_70_trillion_waterfalls/?utm_medium=android_app&utm_source=share) + I made big money off XOM options leaps from Early January till Beginning of June and then I somehow thought it would be a good idea to Buy SPY calls before the CPI data report and lost it all (down 70%) I feel like im in denial now with the loss and still can’t believe it and feel depressed. I worked so hard this whole year to invest all that money into a company I knew was going to be successful and then threw it all away. +Let’s say I could snap my fingers and eliminate social security without issue for the millions taking benefits. Instead, I’d give everyone the option of putting their social security tax into their 401k/Ira each year or have it as income. Do you think people would save it? Do you think people would invest it properly? Or do we need a mandatory system because people need to be forced to save? +I have no idea what specifics to include so I’ma just list some stuff that may be helpful: + +0 debt + +22M in Nashville, TN + +Will be expected to live at home for a few months before I decide to live with roommates in an apartment + +$30/hr, Roth IRA already maxed, going to match company’s 401K, and whatever left over will be going towards personal trading of ETFs + +What other things do I need to consider? +I (29f) anticipate that my parents (66f and 73m), one of which has MS, will need to be taken care of financially within the next few years. I’m not exactly sure how much they have for retirement savings (my guess is none, and I’m not sure they know either), but I’d like to start saving some money so that once they need help, I’ll be ready. + +I wasn’t sure if I should just go with a savings account, investment account, or even if I could use an HSA type of account. + +They are amazing parents and I just want to be able to take care of them when they need it. + +Any advice would be greatly appreciated!! +Long story short. + +- We are 4 colleagues in the thirties-early fourties. +- All 4 of use have had contact with different types of investments. +- 3 of us are/were already invested in different cryptos. 1 of us not. + +We had a long talk about current status of regular markets and the thing important in here is when crypto arised. The resume is: + +- Me: I cashed out 50% of my ETH's at ~1000$ to become debt free. I send a nice chunk of $ to GDAX and purchased all along 450 downwards. Several unfilled low buys are unfilled, I'm happy with it, just wanted to catch if there was a sudden downwards move. + +- Colleague #1: He is invested in other things but never on crypto: *After* the talk he asked us for details to send money to exchange, literally : "I don't want to miss the train again" (he regreted all the second half of 2017 to not have invested but the train he wrongly said was already gone). + +- Colleague #2: He has never cashed out a penny. He is the "true hodler" of the 4 colleagues. He does not regret not having sold on Julne ATH but he regrets not having sold on Jan. He says it is too stressful to ride the swings. He is not sending more money to exchange. Note, he entered when ETH was 1 digit. + +- Colleague #3, And here comes the real thing :) :) He already sent to GDAX funds about 1 months ago but he is waiting for the signal to get into. + +**Why wrting these 4 stories here?** + +Because 4 guys which didn't talk about this for months (we already had nice talks about crypto during 2016 and 2017), 2 of us (me and #4) have funds ready in exchange for buying. 1 of us "does not want to miss the train" after the conversation. The other is already invested. + +**This just tells me one thing: There is a lot of money waiting in the sidelines** With one strategy or another, it is very bullish to me to see people ready like me waiting for getting in when the right time comes. + +Obviously we all like green and that's why we're invested in this market. But one thing that struck me is how calm or more balanced this sub has become as a result of a bear market. + +During the bullrun of 2021 this place was so full of scammers, bots, hype and just pure psychosis that anything reasonable or slightly contrary was off the table. + +Every second post was a shill coin promising to be the next pump with fake replies and down vote armies at the ready. The swings in profit were so large that even just two days of red candles would ignite insane tribalism. + +Ever since the bear market I noticed there's some balance going on, people aren't afraid to be honest about the state of the market or even certain projects. Nice to see a little balance, even if only for now. +Is anyone else getting sick of seeing low-quality posts in these subs? As a young person myself I joined this sub to learn, and hopefully expand my knowledge, however all I see on here and r/fiaustralia is asking the same rehashed questions over and over… +I’m all for people learning, but why can’t people use the search bar, like I did. I know I might be a touch sensitive, but if you’ve just inherited 250k, you can (probably) afford an appointment with a financial planner. +Who was in the game and affected by the savings and loan crisis? That one knocked my dad and uncle out of business. + + + +What did you learn and how did your business and personal philosophy evolve after either (or both) events? +Hedge funds lost $11 Billion just today on GME! Many will blow out next week under these crushing losses...awwww...poor babies. Next week is D-day as panic sets in with the hedge fund managers as GME hits $1,000 or more. +They will rue the day they shorted this stock. + +Crush them!! +I guess not strictly a personal finance question, really a "how do I get rid of a bad habit" question. But food delivery is a big drain on my and probably many other people's finances. And I have a feeling that there would be people here who have managed to deal with this problem. + +I spend far too much on food delivery. YNAB shows I had 18 transactions under "Food delivery" last month. There have been worse months. Also most of the food I order is delicious-but-terrible-for-you fast food, so it's messing up my health too. + +It seems the combination of convenience of delivery and the tastebud overstimulation of fast food is a potent one. Usually the ordering happens in the evening after work. Double the likelihood if I worked late and stressed out, and the discipline center in my brain is entirely shut off for the day. This only happens maybe once a week, but somehow it "breaks the streak" and makes it easier to repeat the bad habit tomorrow, messing up more than one day. + +I've tried the following with no success: + +* Delete the food delivery apps + * I seem to have no issues reinstalling them +* Set a budget and stick to it + * Budget gets blown halway through the month, and YNAB makes it easy to move money from different categories. It felt bad the first time, but now it's "whatever". + * In the grand scheme of things, I'm fairly well off financially. Even though I spend an uncomfortable amount on delivery, I can still save more money than the average person. So there is no threat of \*actually\* running out of money - the budget is entirely self imposed, and it no longer seems to fool my brain. +* Learn to cook + * I already can cook. I can cook good things. I even like cooking. But that takes time, and it takes doing dishes, and I don't like doing dishes. I'm single so I do have to do all the parts. + * I also can't be doing other things while the food is being prepared. I tend to log off work around 18 and aim to be asleep by 22. In reality that's usually more like get stuck chatting to someone and then log off at 18:30, and start sleep preparation things at 21:30. I have to treasure my 3 hours :P. +* Order healthy food, so at least it's only my finances that get messed up + * Haven't been able to hold this up. + +Has anyone had similar issues with spending too much on food delivery, and then managed to deal with it? Any advice is appreciated! +It's becoming absolutely ridiculous now. If you don't have clear, irrefutable evidence to back up your claim, then stop hindering projects that actually have potential. I'm starting to wonder if this sub hasn't been invaded by individuals who don't have the best interest of the Ethereum platform at heart. Let's apply the same level of scrutiny to claims that projects are scams that we apply to the projects themselves. +Has anyone else noticed a sharp increase in stealth surcharges on a lot of their purchases? + +Something supposed to cost you $16.50 is mysteriously $16.83 on the machine. I swear they used to have to have a sign that warned about this stuff visable near the POS. + +Every time you notice it, it feels too late to bring it up because I'm just about to tap, and I don't have cash anyway, so I just sheepishly comply and walk away. + +Seems particularly nefarious post-covid as we've all sort of moved away from cash anyway. + +Is it just me, am I going crazy, or have you noticed a rise in this too? Is it legal, do we have any recourse and would speaking up even matter, or should I just go back to cash? +Is it okay to start out trading with options and theta strategies? + +My gut says yes because, after trying swing trading, day trading, and just newbie buying whatever 2 years ago, I’ve found theta and I make consistent, almost regular returns. To me, theta strategies are easier and more logical than more traditional trading strategies. + +Let me clarify my son is an adult. He doesn’t have my background in finance, but he does have a very strong mathematical mind with a tendency to see patterns. I think he’ll do well. + +(And if he doesn’t, he’s still my kid. I just think this would help him like it’s helped me.) +During the 1990s, inflationary Federal Reserve policy fueled a tech stock bubble. When that bubble burst, the Fed inflated a larger one in real estate. Now that the real estate bubble has burst, the Fed is inflating the biggest bubble of them all – a bubble in government. While the earlier booms at least provided the illusion of prosperity and some fun while they lasted, the government bubble will cripple the economy and deliver widespread misery to the vast majority of Americans. + +Of course, there will be winners in the government bubble, at least for a while. As was the case with the stock and real estate bubbles, plenty of money will be made by the well-connected and parasitic classes. Government employees will continue to enjoy pay raises at our expense, as will anyone benefiting from the new wave of subsidies, such as Wall Street investment bankers, financial speculators, and those working in health care or education. + +These gains will come at the expense of the taxpayers who foot the bill and the consumers who face higher prices. As government grows, it deprives the private sector of the resources it needs to survive and grow. The result is a lower overall standard of living. Not only are government jobs less productive than private sector jobs, but bureaucratic interference actually makes the remaining private sector jobs less efficient as well. + +Our economy is being transformed from a mostly capitalistic one to a mostly socialistic one. More decisions are being made by politicians and lawyers in Washington and fewer by entrepreneurs. The motivation behind this shift is the mistaken belief that the financial crisis of 2008 was caused by too much capitalism and a lack of proper government oversight. This conclusion is self-serving for those in power, and couldn't be more economically misguided. Through corruption or just plain ignorance, Congress and this Administration have embraced an ideology that has failed every time it has been tried. + +Take the recent student loan reforms that were slipped into the health care bill. Obama wants to reduce the cost of providing student loans by taking the profits out of the industry. According to Obama, student loans are too expensive because banks profit from making them. If the government nationalizes the function, we would apparently bring down costs by eliminating those pesky profits. + +This is a Marxist argument, pure and simple. If true, it would apply to all industries, not just banking. States like Cuba and North Korea would be the envy of the world, as they prohibit profits across the board. The truth is that profits, earned from free-market competition, keep cost down. By taking the profits out and putting the bureaucrats in, any incentive to provide better service or lower costs is eliminated. It's not hard to predict that student loan costs will now rise faster than ever. + +That is clearly not the result we want. To solve the problem, people must understand that college tuitions are so expensive specifically because the government has guaranteed student loans (see my video blog on this topic for a detailed explanation). Guaranteed loans don't mean more access to education, but rather that universities are free to charge more per pupil than if their customers were paying out-of-pocket. + +Obama's plan only serves to remove more market forces and creates an even bigger moral hazard. Under the new rules, students will be required to repay a much smaller portion of what they borrow. As a result, students will be willing to borrow even greater amounts of cash to pay inflated tuitions, making it that much easier for colleges and universities to raise them. + +Also, since the government will actually be loaning the money directly, rather than simply guaranteeing private-sector loans, the Treasury will actually have to borrow the money itself before it can re-lend it to students. I suppose the irony of going into debt to loan money never registers in Washington. Further, as this bill will cause tuitions to rise even faster, it will necessitate even larger loans that will produce even greater taxpayer losses when the loans end in default or forbearance. + +Whether it is in education, housing, health care, automobiles, insurance, or banking, greater government involvement in the economy means higher prices, lower productivity, more bailouts, bigger deficits, increased taxes, diminished industrial capacity, fewer private sector jobs, less freedom, and a falling standard of living. + +In the end, when runaway inflation and skyrocketing interest rates burst the government bubble, there will be no more bubbles to replace it – just one hell of a hangover. +I read about these economists and their contributions to the study of their discipline, but some are relatively new (< 25-50 years). How do we know they really work and won't "hurt us" 25 years down the road to the point where the damage cannot be reversed at all and our economy will fail completely? + +I don't know. It's just something I cannot get out of my head when reading certain material or articles. Am I the only one? + + +edit: i meant < 25-50 years. not < 25-25 years. +Disclaimer: I hold no ICO tokens at all. I'm 100% ETH. + +I feel there is a lot of fear mongering in this sub; ICO scam this, greed that, bubble everything, ETH great depression, pitchforks shovels. + +Let me lay this out for everyone: **ICO's are good for ETH prices because it adds stability.** + +Now before you down vote this post, *I urge you to adopt an open mind and hear me out.* Let's ignore the fact that the amount of ETH being crowdfunded lately is record breaking. Let's focus on the effects of crowdfunding itself, with ETH, on Ethereum (notice the word 'on', that's the key). + +Two main reasons why I think ICO's are good for ETH prices: + +**1. ICO's are an economy built on top of Ethereum.** + +This means two things: + +* The price of ETH can directly affect the price of the Token in a positive or negative way. +* The price of the Token can only directly affect the price of ETH in a positive way. Negative effects are limited to the amount of market cap its raised. + +Think about these two statements carefully. Lets hypothetically say that Status development team disbanded, and SNT token is now perceived as worthless, the value of $275mil still exists in ETH because it was generated prior to the crash of SNT. However, let's say Status releases a kill dApp, price of SNT moons, suddenly you have a $275mil worth of SNT that's perceived to be worth higher, and the only way to increase the value of SNT, is to buy ETH, generating a DEMAND in SNT, and in ETH. + +**2. ICO's essentially acts as a long term lockbox for ETH, removing supply of ETH from the market.** + +* *"What if ICO company dumps all their ETH for lambos overnight?"* Yes, this could happen, but very unlikely. +* *"What if ICO company's ETH supply gets hacked?"* Yes, this could happen, but is still uncommon. +* *"But the ICO company is spending ETH to fund their projects!"* Yes, but any start-up would have a reasonable burn rate. This burn rate offers liquidity to the market at a controlled rate. + +Let's say a fundamentally huge bearish piece of news comes out for ETH today, and price of ETH starts to tank, how would the supply of 300k of ETH react in the hands of the general public, compared to, in the hands of the ICO company? + +* ICO company would have to sell more ETH to accommodate for their adjusted new burn rate. This increases the supply of ETH in a controlled manner, accelerating the effect of the price crash, but not sending it down in an exponential spiral. +* General public would most likely panic sell the whole 300k supply of ETH, flooding the market with a huge supply of ETH. This will most certainly generate more panic, causing a big volatile crash, sending ETH price down exponentially. + +If nothing fundamentally changes, no news, bullish or bearish, then supply and demand dictates that the price of ETH must go up since supply has been lowered. + + +Now I understand the reasons listed above are all hypothetical. In a free market, anything could happen. But approaching these hypothetical situations in a rational way, logic dictates that there is a higher probability for my scenarios to play out than any others. + +My point is, instead of adopting an extreme bias of 'MOON or CRASH', maybe consider the possibility that the ETH environment is evolving into a complex ecosystem. Not everything is as straight forward as pre-ICO times. + +**As Ethereum matures, so must we, as investors. Let's educate ourselves, broaden our financial intellect, and adopt a logical mindset to tackle new and emerging problems.** + +Discussions/criticisms are welcome. + +EDIT: formatting & grammar/spelling. + +EDIT 2: changed 'do' to 'must' in final statement. + +EDIT 3: Added "Negative effects are limited to the amount of market cap its raised." Had to clarify. + +**Final EDIT: I'm going to stop replying to anyone who makes a statement without any valid semi-thoughtout reasoning. This post is tagged a discussion for a reason. Walking in here accusing me or other users for saying silly things without saying why is as intellectually challenged as a 5 year old child calling Timmy gay for kissing a girl at school and running away. Use your brain people, you have one.** +I had a friend reach out to me tonight who was frustrated with her current dead end minimum wage job. She asked how I got into my field/degree (still working on it). I, instead of encouraging massive debt by going to a 4 year university, suggested community college instead. + + +I began at community college, and in my state since (at the time me being under 21) my parents income was less than a certain amount, I believe 80k, my education was paid fully by the state, no loan needed. Since she is older (we are 7 years past High School) and she has such low income (not married, etc.) community college would be completely paid by the state/government with no debt, only a little bit of her time. + + + +Directing you to a few good associate degrees to receive at a community college: + + +- para-legal + + +- dental hygienist + + +- engineering + + +- sonographer + + +- nursing + + +- mechanic/machinist + + +- chemistry + + +- electrician + + +There are also fantastic non-credit certificates that you can sign up for, these are not paid by the state but are still good investments. I paid $1100 to earn my pharmacy technician certification over 10 weeks. I started working at $12/hr and quit after 4 years making $16/hr. It was worth it for me in the long term as it increased my annual earnings from ~20k waitressing to ~30k as a pharm tech. I had to quit due to my intense school load now that I have graduated community college and am almost finished at my 4 year university. + + + + +Another PSA I'd like to mention is that you are NEVER too old. As a once fresh faced 18 year old as a community college it was nice seeing older people in my classes and never once had I ever heard another student talk down to or about an older student. If you are thinking you are too old, you are the only one standing in your own way! Keep your chin up, and be brave. Pride is never worth keeping yourself down for. + + + +I wish everyone the best! + + + +- broke college student with a little insight. + + +❤ +I wanted to have a demo with 1k usd, but i managed to have some profits and get to 5k. +So i wanted to go back to 1k account and start over again, training wise.. +But i could not lose money, i did the exact opposite of what i would have done to win.... And still win ! +Thats when i came to realize, how random is the market. +Next week im gonna try roll a dice and place trades ! +In December 2021 I started developing my own trading algo. Just for the people who are thinking about it - this is my journey. Not necessarily the best way. My algo is dependent on fills of passive orders. + +1. I thought about a strategy which could work. It’s in the real stock market (not crypto). With Jupyter I started exploring the possibility of a successful algo. Because of the nature of my strategy, backtesting wasn’t a feasible option. So started with small money in Jupyter, programmed in Python. And it worked! For every trade I received an email from my broker. To keep track of the algo, I used a lot of graphs to plot the progress real-time. +2. Keeping my laptop open all day was good for a few weeks, but it was time for something better. So bought a virtual personal server (vps). For $6 a month it was worth the money. I suppressed broker emails, and received hourly summary mails with trading activity. +3. I copied all Jupyter files to regular Python scripts, and started it on the VPS. It was a small disaster: a typo created an evil loop. And didn’t know my way around in Ubuntu, so i quickly lost a few hundred bucks before I could terminate the script. +4. in TMUX I created a screen where I could watch in real time how the market was doing and how my strategy behaved. Able to spot a lot of small errors and things to improve. +5. With Telegram I wrote a small bot, which reports how the algo is doing. Trades, profit, risk parameters. Can pause and restart the algo with a simple command in Telegram. Stopped with the TMUX, and rely on cronjobs to start the algo. +6. Currently, I make around 0,25% profit per day (with €50k). Unfortunately, I can’t increase the size as it would distort the market. And because it’s a very niche product, if this market goes quiet it’ll be the end of the strategy. But so far, all is fine. + +TLDR: developed algo with less visual information each step + +(edit: forgot about the Telegram part) +https://www.wsj.com/articles/koch-industries-built-on-oil-bets-big-on-u-s-batteries-11647946147?mod=hp_lead_pos7 + +Koch Industries Inc., the energy-based conglomerate whose CEO long opposed environmental regulation and funded groups that questioned climate change, has emerged as one of the biggest financial backers of the battery industry. + +A Koch Industries unit has made at least 10 investments worth at least $750 million in the U.S. battery supply chain and electric vehicles in the past 18 months, regulatory filings, news releases and FactSet data show. Koch’s battery investments are among the biggest from outside the auto industry, analysts say. + +Founded more than 80 years ago as an oil refiner, Koch Industries is now the most diversified U.S. battery investor, said Vivas Kumar, a former Tesla Inc. senior manager and industry analyst who last year launched a battery-parts startup. “It’s stunning just how many different battery supply chain players they’ve taken a stake in,” he said. + +Koch Industries is now a top shareholder in startups such as Freyr Battery SA, FREY 4.41% Aspen Aerogels Inc. ASPN 7.29% and Standard Lithium Ltd. SLI 5.61% The money comes at a crucial time for many of these companies, which need to spend heavily to commercialize their products. Koch appears to be focused on building up the battery industry in the U.S. + +Koch Industries operates thousands of miles of pipelines that move oil and gas around the country and several large refineries. The company posts annual sales of about $120 billion through brands such as Brawny paper towels and Dixie cups, fertilizers and fabrics. +They didn't know what they meant either. + +What they really meant was: I wish I could travel in time when it was at 20k to buy some more because now I know It went from there to 60k. + +20k now? well, in stocks if you look at the past to evaluate if now is cheap or not, then you are lost. +They were at $350 before their pandemic dip, so they have gone up nearly 60% from where they were before the pandemic. + +I understand demand has likely gone up, and more people are streaming now with nothing else to do, but did they gain 60% more subscribers in that time frame? Unless I'm missing something, they don't make money the more someone watches if they were already a subscriber, they don't have ads. + +I understand markets are forward thinking or whatever, but there are so many streaming services now which own the rights to popular shows that Netflix currently has but likely lose once the contracts run out. + +What numbers do they need to report to justify this drastic jump? +I am 16 years old, I started working at maccas about 3 hours a week since late 2019 or so ( haven’t been working since March because my parents are really worried about covid-19) I have about $2500 in a savings account and have invested $500 in ETFs and Index funds (which have already returned about 15%) and planning to invest 500 more very soon before the markets return to where they were.( I basically gave my dad the money and told him what to buy as I’m under 18). All of this is from just 5 months of working. + +The point is I live with my parents, allowing me to save almost 90% of my ‘income’. I realise I’m in a pretty enviable position and I really want to make the most of it. + +I don’t plan to buy a car as I think it’s bad for the environment and a shockingly bad investment. I’ve been travelling to school by public transport for years now. At first I wanted to buy a house as early as possible like 19 or 20, as far as I know, real estate is the easiest way to get wealthy, but it’s seeming increasingly difficult to get 50+k to put down on a mortgage by then especially with uni. I think for now I would rather invest it in ETFs. + +What advice would you give me to reap the most financial benefits I can 10 years down the line? +There is a rather unique home that has been on the market for about a month. The style is attractive to me and my wife, but would be off-putting to many other buyers. The problem is that the seller is insistent on an exorbitantly high price - the highest price per square foot in our market, and much higher than new construction. He's anchored to what it cost to build (custom, a lot of details, etc.) + +We offered (what we think is) a generous cash offer in comparison to comps, but that was 30% under his ask. His only counter was to offer to seller finance the remaining difference between our offer and his list. + +His agent is friendly with our agent, and told her that we have been the only offer as well as the only people who have expressed any real interest. She also indicated frustration with his price and refusal to counter. Our agent thinks all we can do is let it sit for a few months and wait for him to drop it. + +This is a house we'd love to have, but not enough to set our money on fire for. Has anyone dealt with a similar situation? We've thought about offering him appraisal plus 10%, but I'm sure he'd walk if he didn't like the appraisal value. + +EDIT: Probably should have mentioned this in the main post, but its a deceased family member's house he's selling as part of probate. +I am 21 and I'm getting into investing, definitely leaning towards being a long term value investor. I am currently reading up on investing through books and websites like investopedia and I also noticed this reddit community being fairly serious and helpful. + +More context, I am ready to start investing and I know the fundamentals. I have 10k saved up and I have a pretty stable minimum wage job on the side, while also studying. + +So I was wondering how you guys make your DD. Obviously I'm not looking to copy and paste methods, but I'd like some ideas and inspiration to be able to analyse a company/stock by myself and create my own method. You can also refer me to links, videos and other resources. + +Any and all help is appreciated! + +Edit: I'm blown away by the response and I'd like to thank all of you. Looks like I have a lot of reading and learning to do and I'm excited. Again thanks for every response I have read them all, though I can't respond to them all +Hi. I'm in my early 20s and I wanted to know if it's a smart choice to buy a house that is roughly $300k-$400k, make a down payment and finance the house with a loan, and then rent out the bedrooms to tenants. + +This sounds so simple but is it actually as simple as it's written on paper? +Ok-grab your tinfoil hats and have a seat. Here’s what I think RC is doing this week, and why we’re ramping up so quickly. +RC wants MOASS to happen-not only for us, but for GameStop’s marketplace. If you haven’t checked out u/atobitt latest DD on options and the $150 wall to breakthrough-I don’t know how you’re reading this first-but take a look at it. It makes COMPLETE sense business-wise for GME. + +If u/atobitt is right, if we pass $150 this week, we take a shot for the moon. I think RC knows this, the MMs know this, CNBC knows this-boomers and fomoers do not. + +In RC’s eyes GameStop releases their marketplace this week, how do we get positive press on this knowing all GameStop press is negative no matter what in MSM? + +FORCE the MSM to spin the blame away from shady shfs and towards the easiest possible reason-the marketplace. + +RC can trigger MOASS with consistent buying pressure like he did on Tuesday, forcing the price up over $150, igniting the gamma whatnots and everything u/atobitt described. When MSM really looks at why, they CAN’T ignore the marketplace release the same week. It’s sitting there right in front of them. + +They can’t blame the shf-tHeY cLoSeD tHeIr ShOrTs last year, remember? So, apes couldn’t have done it. GME will be all over the news with the squeeze again, and boomers and fomo buyers will start deep diving in what exactly this GameStop Marketplace could be and why it would drive the stock price up in the 1000s of %. MASSIVE EXPOSURE. + +MSM and shf are playing checkers-some even chess-but RC is playing some long lost hybrid version of 5D chess taught to dinosaurs by aliens millions of years ago while building pyramids and cutting down massive trees. + +EDIT: Thank you for the awards apes! Long time lurker and DRS hodler here. It took me a year of reading and researching but I have gained a wrinkle or two. I’m not a technical guy or mathematician by any means, but I am a successful business strategist. GameStop is in one of the most unique positions in history as far as their potential, their market, their outlook, and their massively devoted following (ook ook). I spend a lot of time imagining what i would do in their position, and thought I’d finally spitball one of theories off my fellow apes. Glad you all enjoyed it! +Apes, + +&#x200B; + +I don't even know how to convey my excitement properly. Wario64 (extremely reputable reporter of Gaming deals on Twitter) has confirmed that price matching is now available in stores at GameStop. This company has NEVER allowed price matching in its history. + + +The possibility of competing with Amazon, Best Buy, Target, and other major competitors is no longer a dream. I'm sure online price matching is to follow! + + +One more huge tidbit below that I noticed today on the website.... + +https://preview.redd.it/4vwgel5tsyv61.png?width=734&format=png&auto=webp&s=e5a4eaaf68bbc56e87cc796dae44c5873b892fb8 + +GameStop now has online customer service chatting!!!! The company has only ever had email (very slow timeframes on replies) and phone customer service. Online chat may be available in response to price matching and quicker turnarounds for customer issues. + +&#x200B; + + + + +https://preview.redd.it/dtxqmeqstyv61.png?width=370&format=png&auto=webp&s=7f5b655775ff222136c851a57c32db33cb30210a + +CUSTOMER FUCKING OBSESSED COMPANY CONFIRMED! + +&#x200B; + +https://preview.redd.it/u9mfcacvtyv61.png?width=248&format=png&auto=webp&s=668ccb142bfbebe60287196d1b6cf9720e1629f0 + +Thank you, Lord Cohen. +There's been a lot of posts on here recently about buying houses, so I thought this sub might be interested in [this video](https://youtu.be/kkVEt5tC2xU) by The Economist which looks at the wider economic view of buying vs renting. + +I appreciate that this can easily derail into a political discussion since there are clearly some systemic issues that can't be mitigated on a personal finance level, but to keep it on topic for this sub - I just want to give a bit of a perspective for the benefits of renting and the issues with buying. +&#x200B; + +https://preview.redd.it/nj2jycv89zl71.png?width=733&format=png&auto=webp&s=0b1591a1142ee44dd47b4d5138d8dc2f2bad8623 + +https://preview.redd.it/bo5yhzu89zl71.png?width=708&format=png&auto=webp&s=bacee35a987c894ea5a15ae9199d1ce0a098bc67 + +https://preview.redd.it/08mn3yu89zl71.png?width=679&format=png&auto=webp&s=84ea5537e6067af0720744109120e98a55e47332 + +https://preview.redd.it/q1nu7qv89zl71.png?width=584&format=png&auto=webp&s=3bed232878f573139d250773ab7227842f8651ce + +https://preview.redd.it/er1rn7v89zl71.png?width=407&format=png&auto=webp&s=46abd85e7fc42f0bde78f4a8ed9e7b905061dc32 + +https://preview.redd.it/akoz3vv89zl71.png?width=388&format=png&auto=webp&s=3294793f7cc8a71fac2ec15bbbffb88fefaa9c4e + +https://preview.redd.it/orp163v89zl71.png?width=724&format=png&auto=webp&s=4febeec992277a3c5f8838f5b8e61ccdc29d3d78 + +https://preview.redd.it/tnyn96v89zl71.png?width=679&format=png&auto=webp&s=c1020195faada0de8e8a9f7f478f0e0ad448122c + +https://preview.redd.it/jmq3b7v89zl71.png?width=726&format=png&auto=webp&s=5f934cb81d4c9a226c95f75dd356cc5176637634 + +https://preview.redd.it/m7o0g5v89zl71.png?width=607&format=png&auto=webp&s=ad74119e777e0f3cc1a1cd6a51f3e21cf1d59959 + +SafeMoons Community currently has a Meltdown Realizing that They have been Fooled: + +&#x200B; + +After giving multiple misleading excuses for why their app was delayed for so long, the community realizes that something is wrong. They seem to realize that the developers are more than shady and they have been "lied to and toyed with". + +&#x200B; + +See how they are all positively received? This has never ever happened before in their history, they were always censored for telling the truth, now it seems to be reverse. + +&#x200B; + +And this is a good thing for the whole cryptocurrency ecosystem and its future +So as usual the DOGE moon boys are ecstatic that Messiah Elon posted one of his pointless tweets... to announce that Telsa would effectively NOT be accepting DOGE as payment for any Tesla vehicles. + +Here's what Tesla *will* be accepting DOGE for: + +>Tesla Inc (TSLA.O) will accept meme-based cryptocurrency dogecoin as payment for its **merchandise** such as the "Giga Texas" belt buckle and mini models of electric vehicles, Chief Executive Officer Elon Musk said in a tweet on Friday. + +In other words, you can buy a few Tesla toys and a belt buckle like this one (835 DOGE): + +https://shop.tesla.com/product/giga-texas-belt-buckle?sku=1758879-00-A + +DOGE had a predictable and modest 20% gain following the non news 'news', which probably enabled Elon to lighten his bags yet again. + +https://www.reuters.com/technology/tesla-merchandise-buyable-using-dogecoin-musk-says-tweet-2022-01-14/ + +To see that this really is becoming a joke, the EXACT SAME news was reported on the EXACT SAME DAY last month (14th December): +https://www.reuters.com/markets/us/musk-says-tesla-will-accept-dogecoin-merchandise-2021-12-14/ +So this part of Ryan's tweet had me thinking I totally remember this from somewhere, + https://www.google.com/amp/s/www.marketwatch.com/amp/story/bond-king-bill-gross-says-he-made-10-million-shorting-gamestop-11615988973 +I'd made a comment how in his tweet the shorts looked like they were saving his (kennys) life, and then remembered where I had read don't try this at home. And sug up that article. Fuck me I love this Sherlock Holmes bullshit! +BabyShibaInu is the latest arrival into the crypto doggie world. It's a novel token with social conscience, created by the dog loving team and fully distributed within the cypto community. + +Team is very excited to talk more about its future plans during the SSB AMA coming up this Friday. +A partnership has already been signed with an exchange listing which will be revealed very soon. NFT marketplace for Apps and DApps is in development. They are also working on breaking into the Asian & Chinese markets with the help of Btok ads and the recent additions to the marketing team who are based in Singapore. Poocoin ads, trustwallet logo and a 4-day Coinhunt promo are already live. CG listing is done, focus will be shifted towards CMC listing now. They just passed the Nexus audit with flying colors and are targetting other audits in the near future. Website is also completely revamped, adding the BabyShibaInu Swap to it. Twitter competitions and other shilling contests are taking place 24/7. This token has achieved things that would normally take weeks in just 7 days and doesn't seem to be slowing down! + +The branding has enormous potential, merchandise looks dope as well, all profits of which will directly go to the Shiba Rescue Charity organization. First donation of $5k already took place! + +There is a 11% tax per transaction: 6% of which will be added to the liquidity pool, 2% will be redistributed to all holders (including the burn address, increasing the value of the token over time) and the remaining 3% will go to the giveaway wallet which will be used to reward holders! + +Liquidity is locked and ownership renounced. + +📱https://t.me/babyshibatoken + +🌎 https://babyshibatoken.com + +🐦 https://twitter.com/BabyShibCoin + +📄 0xaecf6d1aff214fef70042740054f0f6d0caa98ab +Here's a fascinating article about rich families blowing it within the second and third generations. + +One of my favorite statistics, “It takes the average recipient of an inheritance 19 days until they buy a new car.” + +[Here's the article,](http://time.com/money/3925308/rich-families-lose-wealth/) for the interested. +The greatest part about the journey many of us have been on for the last 2 years is that there are 3 things we know for sure: + +1. Shorts never closed. The staggering short daily volume tells us this and SHF's have been digging a bigger hole for themselves which I highly doubt they can ever escape from. + +2. Retail isn't selling shit. We know the price is wrong and being artificially suppressed. + +3. GameStop has transformed from a debt laden brick and mortar retail store to a bleeding edge tech company. + +Stay Zen my friends, it's always darkest before dawn and just enjoy this tasty ass dip. +Actually, I am a terrible writer and can't come up with post titles, but my investing is average, I guess. + +TL;DR "everything is red".. this is good, do not sell. + +... + +I see so many posts here and other subreddits about people freaking out over the downturns in our favorite ETFs. + +People think that they always make the worst decisions, look at the sad red decline and sell everything, never to touch investing again. + +Please stop. What you are going through now is a completely normal market behavior. LAST YEAR WAS AN ANOMALY. Sorry. But we cannot expect triple digit returns year after year, after a global pandemic. Please realize that many portfolios lost more than 50% before recovering last year. + +Can you imagine what people saw on March of 2020? Please put a 10% downturn into perspective. But there is a great lesson there. While the market is down, increase your positions. + +This is not a pump and dump, I'm not advising to HODL anything. Simply don't freak out about a few "bad days" and instead think of it as a market-wide discount on your favorite products. + +You are not "the worst investor", maybe I'm not the worst either. We're all going through it... +[SPLG](https://finance.yahoo.com/quote/SPLG/) with an expense ratio of 0.03% is the lowest of all the popular ones like VOO or SPY and it performs the same as all the other ETFs with a Performance over 1-Year: 38.8%. VOO also has a Performance over 1-Year: 38.8%. I found this yesterday over at Investopedia. [Best S&P 500 ETFs for Q3 2021](https://www.investopedia.com/investing/top-sp-500-etfs/) + +At less than $50 per stock and with a low expense ratio is it a good idea for me, a college student that doesn't live in America to DCA into it ? I am thinking of putting maybe 250 into it every 2 months or so and more when I have the time to get a part time job. Not planning on actively trading this ETF and I currently only have a port of less than 10K +I turned 18 this September and recently opened a vanguard Roth IRA account and deposited $1200 into it. So I decided to search for what ETF to buy, which led to me researching for hours. My main goal is to start investing early so I can retire early and not have more than 3-5 funds in my portfolio to make it less complex/simplistic. + +These are the main things I found out scrolling through Reddit and watching youtube videos: + +* To buy either VTI or VOO as your core investment. Get VTI for the whole US stock market, while VOO for the S&P 500. They have an overlap of 85%, so you are buying the same stocks, so you don't have to buy both. Furthermore, VTI is more diverse than VOO, but VOO has historically outperformed VTI. +* To buy some International ETF, in this case, VXUS. It is to diversify your portfolio so that you don't have all your eggs in one basket, in this case, the US market. It should be at least 20% of your portfolio or don't invest in it. You can buy VT for both VTI and VXUS, but I would like to put more money into the US market than international. +* To get SCHD or another Dividend ETF if you want to get paid dividends, so you can do the DRIP method, where you reinvest those dividends. Though this is nice, VTI or VOO will give you higher returns than dividend stocks, but I do like the idea of living life through dividends. It also does well during inflation and could lower volatility. So I'm not sure if I should invest in dividends ETF or not. +* In the 60/40 portfolio, you put 60% into stocks/ETF and 40% in bonds to minimize risk. The bond ETF that looks the most simplistic to me is BND. The problem for me is that I feel that I'm at an age where it's too early for me to invest in bonds, and it's something I should do when I get older. Since bonds would lower my yearly returns but reduce the risk level and stabilize my portfolio. So I'm not sure what to do. +* Even after googling them, I still have no clue what QQQ and QQQM are (I think they are growth stocks). + +These are the routes I think are best for me, but are subject to change: + +* 100% VTI/VOO +* 80% VTI/VOO 20% VXUS +* 60% VTI/VOO 40% BND +* 40% VTI/VOO 20% VXUS 40% BND +* 40% VTI/VOO 40% SCHD 20% VXUS +* Any other, based on your recommendations. +When I started getting serious about investing a year and a half ago or so, I did plenty of homework (in large part to this sub!) before I started allocating my funds. I'm about 60% VOO / 10% VXUS / 10% QQQM. The remainder I allocated to a few individual stocks with unsurprisingly mostly negative results, but among those were AAPL (up 37%) and MSFT (up 23%). + +While I'm familiar with the axiom "let your winners win," does it really make sense to continue to hold those even while they so strongly overlap with VOO and QQQM? I felt like re-balancing and re-allocating to VOO/QQQM might be a better move for diversification's sake. Thoughts? +Hello, + +I’m somewhat new to the stock market and looking to buy ETFs. I chose to stay away from regular stocks because it has been messing with my sleep schedule. I figured holding stocks and ETFs long term would lessen my paranoia/ worries and fix my sleep schedule. + +I’ve been lurking on r/stocks a lot and seen many talk about ICLN and QCLN. I’ve researched both ETFs and discovered they both consist of EV, clean, and renewable energy stocks. The top 10 holders of each company appear to be very promising. And with Joe Biden becoming our next president, trying to push for clean, renewable energy, I believe these two will flourish in 2021. + +I feel like buying these would be a great option. I would just like to hear what all of you have to say about these two ETFs. Lastly, I have just two questions: + +•How risky are these two ETFs? + +•Is holding these two long term worth it or should I invest into VOO or QQQ? +I'm quite new to stocks and even newer to the concept of ETFs. I have found dividends to be very interesting and found, for example, LEMB pays monthly dividends of almost $2/share. When I worked out the math, $1mil worth of shares at today's rate would be more than enough to live on the dividend payout every month. Even $200,000 would be perfectly "livable". Am I missing something? To me it seems like a no-brainer but if it was this easy wouldn't everyone do it? Perhaps there are limitations, taxes, etc. I'm not thinking of. Thanks in advance for helping this fool! +This happened a few months ago. The guy who hit us was at fault (he was texting and driving). It didn't do too much damage but still shocking nonetheless. My chiro recommended I get an MRI to check for any damages. I sent everything to my insurance and they sent a letter back asking about all the parties involved. Not sure what to do or who's supposed to pay for this. +[YouTube Link](https://www.youtube.com/watch?v=s6MwGeOm8iI) + +This is one of the biggest scams that your friends may be falling for. Be careful and avoid their pitfalls!!! +I love reading about people with established dividend portfolios and what they did to get to that place and how long it took and there future goals, if you care to share do so in the comments I’m sure other people would love the inspiration as well!!! +If I buy a stock/etf for a dividend, I consider that initial investment $ cost gone forever. + +In exchange I get two things: +1) it increases my net worth permanently +2) it provides a steady cash flow going forwards in perpetuity + +This essentially means that I am insourcing my pension and insurance; creating my own infrastructure making me both financially and spatially independent. Forever. + +I have relatively few positions, but have done my own DD and am extremely high confidence in my choices. + +Criteria are: + +1) ETFs, (no individual stocks) + +2) Yield over 8% (easily achievable with covered calls) + +3) Trustworthy oversight with a specific goal and risk % + +4) All positions are inversely sector and region correlated (no one point of failure) + +5) Monthly distributions in a regular $ amount + +I feel VERY strongly that this way. +I appreciate Charles Payne. + +" Ken Griffen made trading a blood sport in which he ruled like Caesar at the Colosseum. High frequency operations to front run trades, backing unlimited shorting as well as other tactics allowed him to go [\#thumbdown](https://twitter.com/hashtag/thumbdown?src=hashtag_click) crushing retail investors. It's always been macabre fun for him. " + +https://preview.redd.it/zihy0yki10291.png?width=588&format=png&auto=webp&s=a4d364aec1caa36ebc79bac508c2eb837ed72eaa +I ran across this website before but for the life of me I can’t find it anymore. It was very detailed (and free) and showed the population change for each county. +Their data does not include direct downloads from Disney+, but only takes into account Android and iOS downloads. They estimate just under a million downloads a day, and also estimate that many subscribers aren't just subbing for a free subscription, vis a vis Verizon unlimited. Per their research, new subscribers are opting to pay for the service independently, and notes the fact that services are bundled with Hulu and ESPN+ + +I will be watching closely, I'm very curious how many people are downloading from Disney directly, and I'm also very interested to know how many are subscribing internationally. + +https://www.thestreet.com/lifestyle/disney-pulling-in-about-a-million-new-subscribers-a-day-report-15181877 + +My Price target 170-180 +I originally posted the below in another thread, but thought it might be useful information so pasting below. Hopefully, this doesn't violate any rules. + +For most people, leasing solar panels is a BAD deal vs. buying them. This includes people who think they "can't afford" to buy panels. Both buying and leasing panels involves a monthly outlay in lieu of a power bill—either to service a loan on purchased panels, or to pay the lease. + +Here's why: + +\-Solar leases can make it very difficult to sell your house, since the new owner has to agree to take over the lease. + +\-If you own the solar panels, they are an asset that increases the value of your house. If you lease them, they become a liability at sales time (see above). In some states, this increased value cannot legally be factored into property tax assessments as well, so you get to increase the value of your house without increasing your property taxes. + +\-Solar panel financing is very easy and can be done from the company who is selling them to you. It can be a VERY good deal. This stuff changes year-to-year, but here's how it went for me when I got mine installed (2016, New York state): + +\-A govt-subsided bridge loan gave me the value of the tax credits upfront, so I don't have to wait for them year-to-year. This effectively lowers the price of your solar panels from the get-go. For me it was cut from maybe $20k to $10k after the credits). + +\-Then, a govt-subsidized loan (in New York it's via NYSERDA) covers the rest, so there is effectively no out-of-pocket payment. Just a monthly "loan" payment that for me was about $90, and I pay instead of a power bill. + +\-The end result: I pay about $90 a month (less than my power bill would have been), and in 20 years the panels are completely paid for and I am left with an asset that increases the value of my house without adding to my property tax assessment. Oh yeah, and it helps the environment. In all: a VERY good deal. + +\-Solar leasing companies exploit all of the above financing schemes, which is how they make money. When you lease, you lose out on these. In addition, THEY continue to own a valuable asset that you are leasing for more than it would cost you to make loan payments. +WTF IS GOOD EVERYONE IM SO HYPED RN. + +**EVERYBODY BUCKLE UP.** + +**Here's everything you need to tell you to GET READY.** + +&#x200B; + +We are **100% about to get the NFT Market Place** and in GameStop's own words "A New World" + +&#x200B; + +[World of WEB3 is Ready!](https://preview.redd.it/i3h9vx8t1h091.png?width=606&format=png&auto=webp&s=9b6ec91fbb30897a6ff4c236a14f834c1557cae0) + +[100&#37; Confirmation](https://preview.redd.it/16f8d3f82h091.png?width=617&format=png&auto=webp&s=123e928c38859c923f535817e23b73fb49580f83) + +We are getting SOMETHING tomorrow. Haven't figured out what yet if I had to guess an official announcement/Release Date of The Market Place. This is the "Thursday Tease before a Friday Flirt" + +&#x200B; + +[Something Friday ](https://preview.redd.it/stso0yw73h091.png?width=600&format=png&auto=webp&s=02611bbb156dba5321681805f1ce591f3d2eb535) + +Some HYPE about Friday 5/20/22. + +[IT'S NATIONAL BE A MILLIONAIRE DAY ](https://preview.redd.it/vx0ldjoi3h091.png?width=1032&format=png&auto=webp&s=6665f7f33295fd22610be60fcb868c690347e650) + +&#x200B; + +[Stay Zen My Friends](https://preview.redd.it/pkqyg5ts3h091.png?width=974&format=png&auto=webp&s=d3648e0c5d461a490ec9b18f77e96c036e3d490c) + +&#x200B; + +okay so we are about to become millionaires and we should stay zen. GOT IT. + +Anything Else? OH YES! + +**GameStop CAN'T WAIT FOR JUNE!!** + +[June](https://preview.redd.it/079b1j244h091.png?width=604&format=png&auto=webp&s=87b4ab5c0edb283115eee64684622dc0eee0980e) + +**BECAUSE ITS READY TO SPLIT!!!!!!!** + +&#x200B; + +[looks ready for June \\"kirven.loopring.eth\\" split gif](https://preview.redd.it/5gpjkff74h091.png?width=604&format=png&auto=webp&s=e40072df0ade7db515daff3aeab1b5a6f114d200) + + ok. ok. ok. ok. ok. ok. ok.... it can't get more hype than this right??? well just remember Gangnam Style + +[Direct Reference to Gangnam Style](https://preview.redd.it/o1dbap0t4h091.png?width=608&format=png&auto=webp&s=ccc6cc35362259107217b1cfb377ae803f5e53f9) + +and HANG IN THERE!!! + +[DFV reference](https://preview.redd.it/pjvf82o05h091.png?width=601&format=png&auto=webp&s=c90f2fda2e9a08b6e44df0a02cbae5410f230060) + +AND KEEP YOUR NOTIFICATIONS ON!! + +[ITS HAPPENING ](https://preview.redd.it/ih91j6lb5h091.png?width=599&format=png&auto=webp&s=c13edc7801166c61084a6a0fb9759bf56b402cc0) + +&#x200B; + +GG. **GAME ON ANON!** +Hi all, + +I’m potentially starting a new job on Nov. 1 and pretty much what the title says. + +Is it worth contributing anything over 10% if I know I won’t be there for 3 years? If I stay too long in this role I may pigeon-hole myself and my long term job growth. + +Edit: since there are some asking for context. + +-26 y.o + +-currently unemployed since leaving the military 4 months ago + +-Accounting/Finance area + +-I’m in the Boston area but I have plans to move to NYC + +Edit #2: wow thank you for all the responses. I will be reading and replying through them today! +1. If you heard about a stock recently and it's already rocketing upwards , buy and sell in the short term , don't hold a penny stock too long. +2. People on the internet DD'S aren't as good as they seem +3. After 20% loss, you sell regardless. The colder you are in trading, the better off you will be. +4. Take full responsibility for ALL your buys. +Connexion Telematics (ASX:CXZ) + +**Tl;dr: 3-4 rockets, I'm holding.** + +Price: $0.018 (calculations prepared at this price, currently a touch lower) + +SOI: 850.165m +MC: $15.3m +Cash: $2.4m +EV: $12.9m + +EBITDA FY21E: $2.3m (x5.6 EV/EBITDA) +EBITDA FY22E: $5.1m (x2.5 EV/EBITDA) + +Connexion Telematics is an undervalued ASX technology nanocap and probably the most promising of my write-ups to date. Most nano and micro caps trade at the prices they do for a reason, but I think in this case the market is missing something. The share price has shed over 90% of its value over the last few years on the back of mixed management execution, unfulfilled promises and overmarketing of the business to shareholders. These things cloud the value proposition of CXZ, that they have actually proven their technology AND landed a large OEM customer. Some have looked at this business recently and interpreted the reliance on a single large customer as a major risk. However, after discussions with management and observing the growing customisation revenues, I believe the likelihood of renewal is very high - as is the likelihood of other OEM wins over the next months. Further, management is being renewed, the cost structure cleaned up and business development is once again front and centre. + +So who are CXZ? Put briefly, they provide telematics (vehicle tracking and measurement) for the large US OEM automotive market. Their main product is the OnTRAC solution developed for General Motors (GM), their first OEM customer. CXZ however retains the IP and the right to market the OnTRAC technology to other OEMs, including those in other geographies. OnTRAC is lightweight, low cost and has superior functionality compared to most of the other products out there. It is worth noting that GM considered other telematics solutions before finally locking in OnTRAC. + +Specifically, OnTRAC provides telematics and data analytics to GM's Courtesy Transportation Program in the USA, which is GM's fleet of rentals, courtesy vehicles and new stock. The deal with GM has seen a monitored fleet of around 70,000 vehicles per month, which has temporarily reduced to around 58,000 during COVID but should return to the 70k in coming weeks and months. + +The 70k is an ACTUAL pre-COVID figure for OnTRAC penetration in GM's US market. From this we can develop and approximate formula to value future opportunities with other OEMS. Broadly speaking, the addressable market for a given OEM is roughly equivalent to \~10% of the total vehicles sold by that OEM in a given market. Of that 10%, anywhere between \~50-100% may require telematics. In the case of GM, it's about 50% although that number could go up with time. So the rough calculation to get to the 70k vehicles that OnTRAC services currently for GM in the US is: \~1.7m annual sales per year \* 10% \* 50% = 70k cars. + +Applying this logic to total car sales in the US gets you to a US-only addressable market of about US$105m. Where few, if any, other telematics players are as well suited to play in this market and where we are not even contemplating other geographies or types of fleet (for example rental fleets, although this is a more competitive market). + +It is also worth noting that, unlike GM, CXZ does not take margin risk on car sales as it is paid on a SaaS-like basis for the courtesy fleet. + +Now to the earnings model. CXZ charges USD5.00 per vehicle per month, of which about 50% is paid away in variable data costs. So on the pre-COVID OnTRAC penetrated fleet of 70k, CXZ makes annualised recurring SaaS revenue of USD2.1m or AUD3.0m assuming AUDUSD of 0.71 at the time of writing. + +As mentioned, this revenue is very sticky. The OEM decision to embed OnTRAC is made at the company level, after which fleet penetration is rapid and churn is non-existent. Note this contrasts favourably with some of the more prominent listed fleet telematics players who in many cases target smaller businesses and therefore are in a continual and heavily competitive battle to win new customers. + +So CXZ's core fleet revenue is very sticky and highly predictable. On top of this, CXZ generates customisation revenue of about USD0.8m (AUD1.1m) annualised. This figure is sticky, billed monthly and has no real extra expense associated with it (covered by the existing cost base) and is growing organically as the dealers and users derive more value out of the product. Because of this it is also independent of the number of vehicles in action, providing a second stable source of recurring revenue stream. Again, worth noting that the totality of this income is generated from GM and in the event of new OEM additions it will likely grow. + +So in total CXZ is making USD2.9m (AUD4.1m) annualised from GM. The annualised cost base beneath this is c.AUD2.1m, reflecting a streamlined operation where a lot of the bloat from prior years has been eliminated. So even with no new customers, CXZ is cash flow positive and running at about AUD2m of annualised EBITDA with no capex or interest beneath that. + +As mentioned earlier, CXZ has been through a period of management turmoil that has meant the business has effectively been at a standstill for the last two years on the business development front. The last few months have seen the management situation stabilise with Aaryn Nania (formerly a major shareholder) stepping in as interim CEO. Aaryn has refocussed the company on leveraging the OnTRAC IP to further penetration the OEM market and I am expecting CXZ to start communicating a fleshed out strategy and vision in the coming periods. + +In my conversations with management, they have indicated that a priority is to target the Chrysler fleet in the coming months. Chrysler isn't currently using a telematics solution and there is a lot of overlap with the GM customer-base, including sharing a major insurer. For these reasons, along with the reasons listed above for winning the GM contract, management believes that they have a solid chance of winning the Chrysler contract and I assess it as being highly likely. + +For the purposes of my modelling (at the bottom) I conservatively estimate the fleet uptake size to be only 25,000 for Chrysler, although it could be a lot higher if you apply the formula set out earlier. Moreover, I have not included a material level of customisation revenue for Chrysler, which again is likely too conservative. + +Following Chrysler, management have noted to me that the next most obvious target is Hyundai, which should be coming up for renewal next year. Again, I have modelled Hyundai with conservative figures and assume initial fleet penetration of only 25k vehicles. + +It is also worth addressing the question of renewal likelihood of the GM contract. I have spoken to management and of course they cannot provide any guarantees however, they have stated that the relationship continues to be great and there is nothing they have seen which would suggest any issues. I also note that GM continues to commission customisation work, which would probably be at odds with an intention to terminate the contract. + +Even assuming no incremental customisation revenue from new wins, an extra 50k vehicles from Chrysler and Hyundai would add an incremental: 50k \* USD5 per vehicle per month \* 12 months \* 50% contribution margin after variable costs = USD1.5m of incremental EBITDA (AUD2.1m). Or more like USD2m (AUD2.9m) after incremental customisation revenue. + +So we should be looking for an annualised EBITDA runrate of $A5.0m within the next 12-18 months and this is probably way too conservative both in terms of fleet penetration and customisation assumptions. My numbers modelled below are a bit more granular than these high level calculations. + +So how do we value this? Looking at peers: + +* NZ-based Eroad Ltd (ERD AU) trades at about 14x EV/EBITDA. This is a larger business but plays in a much more competitive space with higher business churn +* US-based Powerfleet (PWFL US) trades on a whopping 30x EBITDA for CY20 or more like 13x CY21 EBITDA if you believe analyst forecasts that they more than double their EBITDA into next year. Like ERoad, it faces high customer acquisition costs and higher underlying business churn. +* US based Omnitracs is privately owned by Vista PE, who according to media reports are shopping it around at about 15x EBITDA + +Admittedly these peers are larger and more established, which in the first instance would suggest they deserve a higher multiple. On the flip side however, they also play in much more competitive, higher churn and commoditised markets, which would warrant a lower multiple. On balance, an EV/EBITDA of 12x on the $5m end state is warranted for CXZ, which gets you to a valuation of A$60m or 7.1c per share (it's currently under 2c). + +Other factors to consider that underwrite further valuation upside: + +* CXZ is a cheap and obvious M&A target for anyone looking to enter the stable and low churn OEM telematics market. Private equity/Omnitracs springs to mind as an obvious buyer, +* CXZ have barely scratched 5% of the $105m addressable US telematics market and even with the upcoming OEM tenders I've assumed CXZ' share would still be single digits in the US. So there is a lot more upside. +* We haven't even addressed dedicated rental fleets (the rental company Enterprise has 2 million vehicles globally), the Australian domestic market (which you'd think is an obvious target for management) or international markets (which should be come available as they establish and prove themselves in North America). + +And finally, the spreadsheet underlying all this so you can see it stepped out: + +[CXZ Quarterly revenue modelling](https://preview.redd.it/l168j3y1sxt51.png?width=1540&format=png&auto=webp&s=82be2b3d6675f70b1b07e8766566f52562321b14) +so they say UBI (Universal basic income) will cause inflation, because more money will be in the hands of consumers, who will spend it on more goods. + +more money chansing the same amount of goods = inflation + +makes sense + +so if we tax the rich more than we do now to implement UBI, what are the additional money that would be taxed do now? + +before you say they invest it, isn't investing a form of spending too? + +like, I invest into houses = I buy a company to build me a house + +isn't that spending too? + +help me understand this, please +Hi everyone, just for the record, I’m currently an undergrad in economics, so my understanding of these two camps of economists might be a little lack luster, but anyway I have this question. I understand what separates the two camps, mainly assumptions based on price adjustment speed. Keynesians believe prices are rigid while Classicals say they’re efficient due to underlying microeconomic foundations specifically that markets are efficient. Another distinction is that Classicals discourage governmental intervention to smooth out the business cycle, specifically fiscal policy, they generally want the economy to be left alone in order for it to correct itself. Keynesians believe that, because of sticky wages and prices, the government should help get the economy get to general equilibrium. (I know there’s way more to it than that, but I’m too lazy to explain in more detail lol). I just don’t know WHY there is so much disagreement, they both have some aspects in their models that are proven to be true. Both coincide with multiple business cycle facts, but there’s still so much debate and argument between the two. They’ve both proven to be right in certain scenarios, so why can’t Keynesians and Classicals come together? Why can’t they find common ground since, at least theoretically, they are both proven to have sound principles and correct predictions. Are their assumptions just too different so they must argue? Both the IS-LM and AS-AD models for both groups are almost the exact same when it comes to curve shifting and and all that stuff. So why is it so hard to create a model that incorporates classical and Keynesian views? I know Keynesians have updated their models to incorporate unemployment like the classical models do. So they have referred to each other in the past. But I guess it mainly comes down to what your opinions on what the government should do. +I have a few questions and I just can’t seem to understand what is going on at the moment. Could someone explain in simple terms: +1. Where does the Bank of England get money from? +2. If it’s money is linked to the nation, the government, or it’s ability to print money, then how is buying the governments bonds going to achieve anything? + +Im problem being silly for even having to ask this question but if anyone could explain I would appreciate it. + I know virtually nothing about the field outside my econ class in hs. After reading the wiki article on sweatshops, i'm leaning towards the argument that sweatshops are a temporary and necessary evil that enables by far the most moral part of capitalism. But this is tenuous and I want to know more. I am assuming that sweatshops do rapidly increase gdp and eventually HDI but maybe I shouldn't. + +* Can nations develop from anything other than such inhumane exploitation of their labor, realistically speaking? + +* How have measures to curb some of this inhumanity gone? Is trying to regulate sweatshops effectively taking away the largest of the few comparative advantages a developing nation has? If so, has this balancing act ever been struck successfully? How exactly is it too much to ask consumers to pay what couldn't be 50 cents more (?) for a tshirt that could make massive differences in worker welfare if it went directly to them or their benefits? + +* Are there any alternatives I'm missing? Does, pejoratively stated, throwing money at developing countries work? How has this worked in the past? This can be done relatively cheaply considering, for example, the entirety of africa has ~16 % of the world's population but 3% of global gdp. + +* Regulating sweatshops seems like a massive undertaking. Most anywhere that sweatshops still exist, political infrastructure/hostility would seem to make domestic regulation impossible. Several examples cited of western (consumer-oriented) or domestic regulation in the wiki article had disastrous consequences. + +* Are sweatshops a guaranteed way to get rich? Has this failed ever? + +More generally, just looking for anti-sweatshop takes backed by good data + +Looking forward to answers. Thanks very much for your time. I would like to learn more about development economics in general and wonder if there have been any breakthroughs in the field recently, but that might be for a separate post. +Hello economists + +A common perception is that the employer has an unfair bargaining advantage when it comes to the wage for a job applicant. The idea is that the employer is typically only considering one employee among many, and thus he will only be suffering a minor loss in efficiency by having a vacant position in his company. The prospective employee, on the other hand, has effectively 0 income when unemployed, and is therefore in far more urgent need of a job — meaning she will be way more desperate to take a job at any wage. + +Because the employer wants to maximize his profits, he will have an incentive to attempt to pay his new employee as low a wage as possible, and because his bargaining position is stronger, he will effectively be able to bargain the wage down to the level of the most desperate employee. Since we all need a job to survive, all employees will eventually become desperate enough to bid themselves down to subsistence level — and thus the whole bargaining turns out to be a race to the bottom — with the employee ending up losing. + +A story of this sort, seems to be the raison d'être for laber unions, whose intended purpose is to even out this perceived imbalance in power by having the employer bargaining with all employees at once — meaning he now has everything to lose as well. + +Something about the story doesn't seem right to me though. A self-employed farmer doesn't seem to have any special "bargaining power", when he is trying to sell his grain in the marked. And wouldn't the price of his grain eventually be pushed down to the level of the most desperate farmer, who — like the employee — has to get food on the table at the end of the day? Yet, if the farmer wishes to get together with other farmers and agree on a "fair" price for their grain, he will be comitting a crime and we will call him a cartelist. + +So what is going on here? + +From the point of view of economists, is there any merit to the whole imbalance of power when it comes to bargaining power between the employer and the employee? Is there something that makes the employee/employer relationship fundamentally different from other economic relationships in the market, which might justify the story to some extent? Are employees generally in a more precarious situation than the self-employed? And why are the employees allowed to create a price cartel (union), but the self-employed are not? +Hi everyone, just for the record, I’m currently an undergrad in economics, so my understanding of these two camps of economists might be a little lack luster, but anyway I have this question. I understand what separates the two camps, mainly assumptions based on price adjustment speed. Keynesians believe prices are rigid while Classicals say they’re efficient due to underlying microeconomic foundations specifically that markets are efficient. Another distinction is that Classicals discourage governmental intervention to smooth out the business cycle, specifically fiscal policy, they generally want the economy to be left alone in order for it to correct itself. Keynesians believe that, because of sticky wages and prices, the government should help get the economy get to general equilibrium. (I know there’s way more to it than that, but I’m too lazy to explain in more detail lol). I just don’t know WHY there is so much disagreement, they both have some aspects in their models that are proven to be true. Both coincide with multiple business cycle facts, but there’s still so much debate and argument between the two. They’ve both proven to be right in certain scenarios, so why can’t Keynesians and Classicals come together? Why can’t they find common ground since, at least theoretically, they are both proven to have sound principles and correct predictions. Are their assumptions just too different so they must argue? Both the IS-LM and AS-AD models for both groups are almost the exact same when it comes to curve shifting and and all that stuff. So why is it so hard to create a model that incorporates classical and Keynesian views? I know Keynesians have updated their models to incorporate unemployment like the classical models do. So they have referred to each other in the past. But I guess it mainly comes down to what your opinions on what the government should do. +With the global middle class being more than half of the worlds population what are we going to do when every developing country enters the middle income trap and wages are too high worldwide. By the way this isn't far away the US took 70 years, China took 10 years, Thailand took 2 years and with manufacturing moving from china to India (boosted heavily by corona virus) most experts are saying it wont take longer than 1.5 years there and then essentially it will only be Africa left. Will globalization end? +Not sure if the phrasing of the title conveys my question properly, but I'm just curious if anybody else thinks we're going to see a huge crash surrounding student debt. The government backs outrageous loans (predatorily in my opinion) that people have no chance of ever paying back. There are tons of examples of people getting $100k in student loan debt in a major such as English and then getting a job where they are basically never going to be able to pay it off such as teaching. +I am a finance student in my last year of college. I need to choose between one of those classes to get my minor in Economics. Which one would you think adds more value to a degree? +Hello everyone, I'm collecting a YouTube channels list about Economics on my website. Now I have 5 channels: + +Financial Times + +jodiecongirl + +Peter Schiff + +The Economist + +New Economic Thinking + +Any other awesome channels to be added? Thank you! + +Edit: Thank you guys. Now we have 7 channels on https://www.channelshunt.com/subcategory/Economics/ Some of them are not good enough but I still keep them to let the users choose. But I deleted Peter Schiff now. +... at least not as it is being wrongly interpreted and disseminated by hundreds / thousands of apes. + +Let's go back to the GameStop Prospectus from June 9, 2021 or the one from April 5, 2021 or the one from December 8, 2020. + +June 9, 2021: https://news.gamestop.com/node/18961/html + +April 5, 2021: https://news.gamestop.com/node/18741/html + +December 8, 2021: https://news.gamestop.com/node/18351/html + +They all contain the following line: + +>If a depository for a series of securities is at any time unwilling, unable or ineligible to continue as depository and a successor depository is not appointed by us within 90 days, we will issue individual securities of such series in exchange for the global security representing such series of securities. In addition, we may, at any time and in our sole discretion, subject to any limitations described in the applicable prospectus supplement relating to such securities, determine not to have any securities of such series represented by one or more global securities and, in such event, will issue individual securities of such series in exchange for the global security or securities representing such series of securities. + +This is being wrongly interpreted that GameStop has the ability after 90 days to recall their shares from the depository, and everyone is assuming the depository in question is the DTCC. Everyone is *also* interpreting this as also applying to the dividend shares, but that has yet to be seen as we do not have the filing for the dividend yet. + +**What is the prospectus?** + +This document is the distribution contract (partly) to outline how GameStop intends to sell **at the market** shares into the system to raise capital. They will be doing this by issuing new shares in their global security and then handing them off to a market maker / broker (Jeffries) to handle the offering. Here is the line from the prospectus: + +>Shares of any series of preferred stock represented by depositary shares will be deposited under a separate deposit agreement, between us and a bank or trust company selected by us. We refer to this entity as a Preferred Stock Depositary + +For the most recent offering they used Jeffries, in the past they have used Citibank as the Depositary for the new share offering. + +So when they say they have 90 days to take the shares back and find a new Depository, they mean they can pull back the shares that **have not yet been sold**. So if they go to Jeffries and they say here are the shares, please handle the selling of them at market and Jeffries in unable or unwilling to do so under the terms of the contract, they can pull them back and issue them some other way within the 90 days. They are **not** saying they reserve the right to recall those shares from the DTC / DTCC **after** they have been sold. + +Here is the thing. GameStop announced on June 22, 2021 that the "at-the-market" offering was completed. + +https://news.gamestop.com/news-releases/news-release-details/gamestop-completes-market-equity-offering-program-0 + +That means those shares were handled correctly by their Depositary and were sold into the market. The 90 day whatever does not apply. The shares are gone, they were sold. + +GameStop unfortunately has no say over how shares are held, once they have been sold. + +**What about the dividend?** + +The prospectus applies to the offering of new shares. Not to the dividend. If there is a new prospectus filed, it may have completely different terms. What we are understanding or assuming is that Computershare will act as a Depositary of the dividend shares and will distribute them. If Computershare was unable or unwilling to distribute them then **maybe** GameStop could designate some other way to distribute them. **However** it appears there will not be any problem. Computershare can issue the dividend to the registered shareholders (including Cede & Co) without problem. + +Once the dividend is distributed, GameStop has no ability to take it back. There is no 90 day provision that grants them the ability to revoke property. Once it is out of GameStop's hands, it is no longer theirs unless Computershare decides they are unable to handle the dividend in it's entirety. + +You can read more about how the dividend will be handled by Computershare here: https://www.reddit.com/r/Superstonk/comments/vvamff/how_the_dividend_will_be_distributed_from/ + +TL;DR: There is no 90 day rule. It does not apply to shares that have already been sold or distributed. +On March 9th I posted a limit sell order, 20 to be exact. I looked at sofi's maximum allowance per trade, and at the time it was $2 million. So I listed 20 orders, 1 share each, for $2 million a share. + +SoFi called me a few months ago and asked me in no polite terms to remove those limit orders because "even if someone posts a ridiculous amount that won't ever sell, sofi has to keep that money available in case it does". + +So I've been forcing SoFi to hold on to 40 mil since March. The terms of their limit orders state that the order itself is good for a year, so I figured I'd run em until March of next year, 2022. Today I got an email stating my limit orders had been canceled. + +The exact wording they used in the email: "Limit orders can be canceled by our system for mulitple reasons like corporate actions, orders being placed too far through the market, or orders larger than $3.5 million. Please resubmit your order if you would still like to complete the transaction." + +Now, if I were to resubmit a limit order, they have new rules in place that throttle me to 300% maximum of the current ticker price, which would be around $450 instead of $2 million. + +So this may be completely off base since I snort crayons as a side hobby, but it looks to me as if sofi all of a sudden needed their liquidity back for something. And it also looks like I may be able to get those limit orders reinstated, but I'd have to find AND read the shit out of the original rules they had for limit orders. Maybe they could totally do this legally. Maybe not. Any wrinklebrains more than welcome to help figure that out. + +I'm not worried about not having those limit orders btw. Those were placed back when I had no clue how high this could actually go. I was hoping a computer would auto buy during MOASS from liquidation of SHF's and whoops, bought my 20 shares. Now, I'm fully aware that it can go much much higher, so I'm not fussed. + + +Tldr: sofi needed liquidity for something all of a sudden and canceled all my 2 million per share limit sell orders from back in March, which weren't supposed to be cancellable until March 2022. MOASS soon? 🚀🚀🚀🚀🚀 + + +Edit: bruh save these awards for someone worthy lol. I'm just out here doing dumb shit. Someone asked what the email looked like so I screenied the spam. They all came in one parent email, but was like 5 emails in a row, bang bang bang. Sofi order cancellation Dec 22, 2021 https://imgur.com/gallery/CrnXa71 + + +Edit 2))) Initially they only canceled the 2 mil orders. Now, they've sent out an entirely different email to me, canceling all of my other orders. I'm now completely orderless. The email reads: + +"We are reaching out to let you know that your aged limit order is being canceled.  What happened? +You have a sell limit order(s) that is more than 200 days old, and/or is placed at a limit price far beyond the current market price of the security in question. (Meaning your limit price is at least 25x the market price.) We are removing it from the system due to its age and/or price.  What do I need to do? +No action is required on your part. However, if you’d like to enter a new limit order you are more than welcome to do so by accessing your Active Invest account via the SoFi mobile app or website!  If you have any questions please don’t hesitate to give us a call, or chat with us through the mobile app or website.  Sincerely, +The SoFi Team " +Hey IndiaInvestments, + +I recently finished publishing an educational series on ETFs - think it will be useful to a lot of folks here interested in ETFs & also spread ETF awareness. Would love to hear your feedback/comments/thoughts. Happy reading & investing :) + +1. [ETF 101 – What is an ETF?](https://blog.smallcase.com/etfs-101-basics/amp?utm_source=reddit&utm_medium=post&utm_campaign=etfs) +2. [ETF Liquidity, Creation, and The Role of Authorised Participants](https://blog.smallcase.com/etf-liquidity-creation-the-role-of-authorised-participants/amp?utm_source=reddit&utm_medium=post&utm_campaign=etfs) +3. [Why are ETFs Fairer than Mutual Funds?](https://blog.smallcase.com/why-are-etfs-fairer-than-mutual-funds/amp?utm_source=reddit&utm_medium=post&utm_campaign=etfs) +4. [3 Stock Market Crashes that changed Investing: Origins of MFs & ETF](https://blog.smallcase.com/3-stock-market-crashes-that-changed-investing-the-origins-of-mutual-funds-etfs/amp?utm_source=reddit&utm_medium=post&utm_campaign=etfs) +5. [ETFs – Growth & Scope in India](https://blog.smallcase.com/growth-and-scope-of-etfs-in-india/amp/?utm_source=reddit&utm_medium=post&utm_campaign=etfs) + +\-Vikas +Viram (CEO, co-founder) and Darwin (COO, co-founder) would be with us this Saturday for an AMA. + +#### Time: 8 p.m. IST - 11:00 p.m. IST + +Within our community, we've seen lot of interests about investing in US equity and other asset overseas asset-classes, in last few months. + +We hope Darwin and Viram can help you get your queries answered, about Vested, investing in US, and investing in general. + +If you won't be available during aforementioned time-slot, you can post your queries here. We'd move those to the AMA thread on Saturday, once the AMA starts. + +#### About Vested and its founders + +Viram is an engineer from Mumbai University and an MBA from UC Berkeley-Haas. + +In his earlier role, Darwin was a process engineer developing next gen chips at Intel, he is an MBA from UC Berkeley-Haas. + +Darwin originally comes from Indonesia where he too felt the pain of being unable to diversify his portfolio internationally. He is passionate about research, analytics and data. + +The idea for Vested was born during Viram's investment banking days at J.P. Morgan in Mumbai when he was covering global companies but could not invest in them in an easy manner. Viram is an engineer from Mumbai University and an MBA from UC Berkeley-Haas. + +You can learn more about Vested and the minds behind this, here: https://vested.co.in/our-story + +In Viram's own words, + +> At Vested, we are on a mission to enable sustainable wealth creation by allowing local investors to go global. + +> As the first step, we're working towards making US market access simple and cost-effective for Indian investors. We enable commission-free investing in a curated list of 1,000 stocks and ETFs, provide simplified fund transfers, simplify tax tracking, and help in portfolio creation via our pre-built portfolios called Vests. +I (21F) have been wanting to start investing for a long time because I currently have about $3000 extra in the bank that I don’t touch. It kills me to know that I’m basically slowly burning it due to inflation. I don’t have any bills because I still live at home and my phone and car are completely paid off. I try to eat as cheaply as possible. Right now I am a waitress and make about 600 a week but sometime next year when I graduate with a postbac degree I’ll be making around 45-50k a year and that salary go up as I gain more experience. Oh, and I don’t have any student loans to pay as scholarships/grants covered it all. One day in the future I want to buy a smaller house in full and live with a roommate to make some passive income, but for now I don’t have to worry about rent/electric because I live at home. +I have been looking into investing in real estate and I know I need to open a Roth IRA soon but I feel sort of clueless as to what I should do next. +for most of the past 15 years, i've lived in the downstairs unit of my landlord's house with her living upstairs. with our respective dogs, we've kinda become our own little family. three years ago she bought a second home in the san juan islands and now alternates homes each year. shortly after leaving for the islands last month, she emailed and offered to sell me half this house. i'd be responsible for a mortgage of \~ $225k, plus taxes, half utilities and repairs in my downstairs space. she would then leave me her half in her will. she said that there's not much benefit for her to do so but is offering it as a favor to me if i'm interested. + +home ownership has never been a priority for me and have always been content renting- especially here. it's a lovely home (< 25yrs old) with a 5-star view in a semi-rural area in the mountains outside anchorage alaska. although i'd eventually like to live further north, i wouldn't complain spending the rest of my life in this house. i don't like the thought of a large % of my net worth to be tied up in something. i also really enjoy my lifestyle- much of my income is derived from trading and am able to cover my monthly expenses by working part-time. i can work as much or as little as i need or want at that job. i have a lot of flexibility and free time, and that's about all i've ever wanted in my adult life. i keep my expenses low so that i can get by on a minimal income. i don't want to go back to work full time to be able to afford to buy half of this house. in fact, i don't ever want to work full-time again for the rest of my life. as a result, my first reaction was that i was not interested in buying half the house. at the same time, i'm open to the possibility that i have a blind spot and am being a supreme idiot for not jumping on this opportunity. am i? + +relevant info: + +me: 47 y/o, single, dog dad; no debt, credit score of around 750 (2011 bankruptcy just dropped from my record last month), currently paying $800/month in rent (a total steal for where i live), make $27/hr working 15-25 hours a week at my job, income from trading is variable (if i were living off of trading income only, i could probably consistently cover my monthly expenses without the part time job. i'm definitely not getting rich from trading anytime soon but have become capable in the 3 years i've been doing it); current total liquid assets of > $60k, no retirement account; and am about as content as i could imagine being. + +edit: this has already gotten more comments than i expected- and thank you for them. got chores to take care of before the falling snow gets too deep so will be a few hours before i can respond to comments. thank you. +Alright I’m going to be completely honest. I’m over here from loopring and even though I’m not an ape I feel bonded by fate to you all and am exhibiting ape-like symptoms. Forgive me if I’m doing this wrong - just think that this 3-2-1 countdown leading up to national ape day tmr is not a coincidence. I’m a huge scrub and have no idea what I’m doing but I’m delighted to be a part of whatever this *may* be. Xoxo gossip girl +Disclaimer/Warning – I made my money in the tech industry with a higher than average wage. I know this is not fair and this triggers some people, please move on if you are not interested in post-FIRE progress of a former high wage-earner. I have nothing to gain by sharing this. I´m doing this anonymously and want to share what I've learned/experienced with the community. I also use this as a forced point of reflection. + +**Recap** + +[Original FIRE day post](https://www.reddit.com/r/financialindependence/comments/hx6jj1/today_is_the_day_with_thoughts_numbers_and_graphs/) \- **Today is the day! With thoughts, numbers, and graphs \[M 38\]** + +[One Year check-in post](https://www.reddit.com/r/financialindependence/comments/oq5zs3/one_year_later_check_in_graph_m_39_net_worth_26m/) \- **One year later – Check in & graph \[M 39: Net worth 2.6M → 3.7M\]** + +I’m not going to rehash my process up to leaving traditional employment, but to summarize – I took me 10 years of work to reach 500k net worth (NW). Then in the next 6 years I was able to grow to a NW of 2.5M, reaching my targeted 3.3% withdrawal rate to give me 87k (pre-tax) annually to live off of. + +I have the following investment allocation + +* 45% S&P 500 and growth index +* 10% Tech funds +* 15% International +* 15% Small cap +* 10% Speculation individual investments +* 5% Bonds (2.5 year bond tent for surviving a recession) + +My updated budget for FY2022 was 89k. + +**The last year at a high level** + +[Net worth graph updated to include the last year](https://i.imgur.com/vO07vrL.png) + +**Investment performance** + +Whew! This has been a rough last 6 months, my net worth had gone a high of 4.15 million, before plummeting to 3.05M, a loss of 26%. That hurts. + +But this is something that is planned for. I had planned a 2.5 year "bond tent" to withdraw from while the market is severely down, as it is now. This allows me to pull money that should hold it's value in a bear market, without pulling from investments that are down, allowing them to fully recover in time. + +What I had not planned on is bond funds dropping as much as they did with the recession. + +* VFISX down 3.4% on the year (fine with this one) +* VBILX down 10.5% on the year +* VCORX down 10.8% on the year + +VBILX and VCORX are not sheltering the money as well as i had hoped, especially given that the S&P 500 is down \~20%. That means those funds were not earning when times were good, and only sheltered half the loss that the S&P suffered. + +This also slightly reduces the length of how long the bond tent will last. After the eventual recovery, I will certainly rework how I keep my "recession protection" money. A lesson learned. + +At the start of the year, I looked at what I had that I felt was overvalued in my porfolio and needed rebalanced into other funds. I had two that were concerning to me: + +* Tesla (subsequently down 43%) +* Netflix (subsequently down 69%) + +I had a problem of a large capitol gains on both of those, and I didn't want to balloon my budget via taxes. I decided to only sell enough to generate 25k in taxes (20k being unbudgeted for). So, I decided to sell Tesla, as i figured it was more likely to have a sudden crash in 2022, hah, whoops. Upon reflection, the correct call would not have been to sell the Netflix instead, but to sell both. If I have a really well performing investment that is overvalued, i can´t worry about the taxes as part of my budget, but instead look into that as a hit on the earned value. Another lesson learned. + +**Housing decision** + +As stated in my 1st year checkup, i had not originally planned on buying a house as part of the FIRE process (but considered it a possibility). Fears of inflation and rising rental costs in my desirable MCOL city triggered me to buy 16 months ago. I´m really glad that I did, looking at rent prices now, I´d be close to already being priced out of this city. + +Having the largest portion of my budget locked in, having it not growing with inflation and my budget is huge! Going into the purchase, i did have some concern as the mortgage payment is about 22% higher than i was paying in rent. Rent amounts have now grown more than that amount, so crazy. + +**Budget and actuals** + +Budget this last year was 90k. I withdrew 108k, but also had earned 37k to pay back into the pot, yielding a net of 71k withdrawn. + +The 37k is earnings from an app I have developed post-FIRE. It’s a niche app that I find fun/challenging to build and spend anywhere from 20-50 hours/week working on. This is earnings I had not factored into my FIRE plan, and I certainly work on this because I want to, not for the additional money. I could make far more with a real job. + +The 18k more than budgeted withdrawn is from the additional taxes of the investments sold mentioned above. + +Largest components of the 108k spent + +* 32.5k taxes +* 28k mortgage +* 8k home improvement +* 5.8k car payment / insurance +* 4.1k Health insurance +* 3.3k Utilities (Power, gas, water, sewer, internet, trash) + +With inflation, my budget should increase to 98k. But with my net worth hurting as it is, I´m adjusting it to a new baseline 3.3% of my investable net worth, 92k for the next year. + +**Life** + +The second year was a far less of a transition than the first year. + +The house I purchased was a bit of a fixer upper, I´ve probably spent 500 hours on major house work the last year. Having the free time to learn the process and do the work myself has been key as i certainly don´t have the budget to hire the work to be done. YouTube is an amazing resource to learn everything required to do the work yourself, what a time we live in. + +As mentioned above, I spend a large portion of my free time on my niche app development. It´s now grown to the point where I need to seriously consider expansion. Doing this in a way that maintains what I´ve worked so hard for is key. We will see how this develops with next year´s check in. + +I still love the freedom to climb, hike, snowshoe, bike, or whatever activity I want on my own schedule and when the conditions are ideal. This has continued to allow me to be in the best shape of my life without really trying. + +As stated in last year´s check-in, moving to a new city as part of COVID has made the social aspect a real challenge. Upon reflection, I developed comfort in COVID condition routines. I need to push myself to go out with a more purposeful attempt of building new friendships. + +**Wrap-up** + +This FIRE process is certainly at an interesting crossroad. What happens in the market the next year will be key. I´m sticking to the plan, let´s see how it works out. + +I hope this was helpful or interesting for some of you. Feel free to ask me any questions and I´ll do my best to respond for the next few days. After that, I won´t log on to this account until another check-in next year. + +Edit: I'm done with responding to this year's post, I'll see you next year! +This is more of a light DD, with a brief introduction to the company and a list of coming catalysts for IGEN Networks, which can explain why the trading volume has been significantly higher than average lately. + +**Company Overview** + +IGEN Networks Corporation creates software services for the consumer automotive and asset management industries. The solutions enable consumers and customers to mitigate risk, protect their families, improve productivity and actively manage their automotive and commercial assets. + +The problem + +* Automotive dealers struggle with staying competitive and retaining customers +* 800,000 vehicles are stolen every year in the US – 6 teens die each day driving. Safety, security, and peace-of-mind are in the forefront of protecting one’s family, especially early drivers. +* Automotive insurance industry incurs an excess of $15B in rating errors each year as the result of inaccurate assessment of driver behavior, actual mileage, time-ofday, and location of the asset + +IGEN Networks solution + +* IGEN enables automotive dealer channels to offer new products, create additional revenue streams, and retain their customers +* IGEN offers peace-of-mind to consumers by providing direct access to vehicle status and driver behavior +* IGEN enables insurance companies to reduce their rating errors by offering consumers discounted premiums in return for access to vehicle and driver behavior data + +**Product portfolio** + +All their products are basically real time GPS tracking and vehicle warning solutions, aimed at various markets. The products provide features such as vehicle location, automated reporting (vehicle health), maintenance, diagnostics reporting, driver behavior scoring etc. They have branded the products depending on which market segment they are targeting and added some functionality. There are three main segments: car dealers, financial institutions, and commercial fleets. + +Nimbo LLC: Real-Time GPS Tracking for car dealerships. + +CU Trak: Real-Time GPS Tracking for financial institutions, credit unions, and their members. + +Medallion GPS (Pro): Real-Time GPS Tracking for light commercial fleet owners. + +**Catalysts** + +As we can see from the chart below, the volume has increased considerably the past month. This caught my eye and I had to understand what is driving the high volume. (also note the Golden cross) + +https://preview.redd.it/mrvonha1i9k61.png?width=1784&format=png&auto=webp&s=710858ebdabcbc151228693800e46624e950ac60 + +From their latest monthly progress, at the Canadian Stock Exchange website: [https://www.thecse.com/en/listings/technology/igen-networks-corp](https://www.thecse.com/en/listings/technology/igen-networks-corp) + +We can read the following: + +**Details of any new products or services offered** + +* **E commerce platform to be developed with Shopify and promoted through third-party marketing firm – video and social media strategies to be developed. Video production has started** +* IGEN qualifies for T-Mobile Partner Program – product pricing to be finalized and launched in Q1-2021 +* County Executives of America creates government brand for US Counties + +**New business relationships** + +* T-Mobile Master Agent Hyperion Partners +* T-Mobile IoT Market Place +* ATT Airtime Wholesale Agreement for County Executives of America +* T-Mobile Wholesale Agreement completed + +**Legal proceedings** + +Lawsuit filed against Sky Force Inc., for breach of their distributor obligations – mandatory settlement date set for **February 2021**. Additional depositions to be served. + +**Trends which are likely to impact the Issuer (IGEN)** + +Company continues to make progress with both franchise dealerships and credit unions despite pandemic challenges. Counties and local governments will take more active roles in managing their infrastructure, assets, and services as additional funding is realized from the new administration. Expecting activations to continuing growing as consumer purchasing patterns normalizing in 2021 + +**Financials** + +The market cap is currently very low at 22 M, which is justified as their revenue dropped in 2020 (9 months to September) compared to 2019. + +Revenue 9 months 2020: $293 615 + +Revenue 9 months 2019: $593 885 + +The interesting part here is the lawsuit against Sky Force (published in May 2020, Bloomberg): + +The Company's wholly owned subsidiary Nimbo Tracking (Plaintiff) has successfully filed a lawsuit against SkyForce Technology Inc.: James Kwon, the Distributor(Defendant) for breach-of-contract for losses in excess of **$1.0M**, which will continue to increase by the day - trial date set for October 2020. + +The lowest figure we can estimate here is $1 M and the settlement will be concluded in February. $1 M is higher than their total revenue in 2019 ($723 K). + +My own position is 40 000 shares at 0.02. My PT is 0.05 - 0.06 before EOY, which was their share price in Oct 2019 (with a reported revenue of $594 at that time). That is, if the settlement is successful and given the upcoming catalysts for a turn-around case. + +Please share both positive and critical opinions on this post as I want to look at the company from different perspectives. +Hi all, +I've been a social worker for a few years now. Currently earning about 90k. It's a great industry and there's so many areas, however I'm noticing I'm having more days lately where I feel that I drained from having a job that is surrounding people's issues, trauma etc (maybe just due for a holiday haha). I'm thinking of doing something completely different in a few years, such as real estate. + +I love architecture, going into homes & I love quirky properties so the idea of working in real estate, preferably with a focus on unique/heritage homes seems very appealing to me (although unrealistic to only be working with that type of house style). + +I'm not a 'corporate' type of person though, I'm gentle natured, down to earth and as we know, most agents are like vultures so I worry I'm not cut out for it. I'm someone who camps a lot, loves opshopping, travel, forests, sustainable living etc. + +What are the general salaries of this field? Both in selling houses and rental property management. If you've worked in the field, how did you find it? What did you study? Any insight is much appreciated. +Orders placed outside of market hours are pending and limit orders don’t guarantee execution. For example, orders placed outside of the current bid/ask spread have a low probability of being filled during market hours. Keep in mind that Monday's opening prices may differ from Friday's closing prices. + +When you place an options order, Robinhood will hold the appropriate collateral (cash or stock) beginning at the pending state. We’ll hold enough cash or stock to cover your option position until the order is canceled. + +If an order is filled that requires additional collateral, Robinhood will hold the credit that you received from opening the order plus any additional necessary collateral. The collateral we hold for these purposes is not marginable. + +In general, Robinhood monitors closely for any type of abusive activity on our platform and will take action as appropriate, including but not limited to restricting customer accounts. +25%? 10%? None at all? + +On one hand, you're saving time and money by not commuting/eating out etc., but on the other hand you're being paid for your knowledge and skills and therefore where you physically work should have no bearing on what you get paid. In other words, your employer should not profit from your convenience at your expense. + +Thoughts? +We are preparing for potentially the worst unemployment numbers ever on record this Thursday. However with the Stimulus package now passed businesses across the US can now examine whether they have funding in order to retain employee's or if they'll need to trim immediately in order to survive. + +For Small businesses which represent \~$9.4B or \~44% of the total US economy they are clearly the biggest losers in this stimulus package unless CNN has made a major misread. + +***The bill would ensure the Small Business Administration could serve as a guarantor for loans of up to $10 billion for small businesses to ensure they can maintain their payrolls and pay off their debts.*** + +[*https://www.cnn.com/2020/03/25/politics/stimulus-senate-action-coronavirus/index.html*](https://www.cnn.com/2020/03/25/politics/stimulus-senate-action-coronavirus/index.html) + +Small businesses employ 58.9 million people, which makes up 47.5% of the country’s total US workforce. + +Accounting for the projected 2M employees in the first round of layoffs we can easily assume that half of these are from large companies. This leaves us a potential 57.9M small business employees now on the chopping block. + +Another 5% reduction this upcoming Thursday seems very reasonable if not low given small business owners are quarantined around the country and have nothing to do but look at their outgoing cash expenditures. This represents 2.9M layoffs in next Thursday's unemployment numbers. + +**Folks, Welcome the largest layoffs in history... Next week will be worse** + +Cash or Short... Calls are completely insane for anything other than day traders. +Tomorrow is a hype date, so I am (was) kind of expecting a sweet, sweet dip to buy me some more. Now I'm actually afraid it's gonna rip. How backwards is that?! + +It's gonna rip already today, isn't it? + +I wish I'd bought more earlier. But that’s what you get for being a pussy I guess. + +Happy Monday everyone! +The company responsible for cruise vacations started the day at $12,60 and ended it on $8,80, a reported decline of 33,11%. Is the company in risk of bankruptcy or will they survive this crisis, thus providing a good investment opportunity for the long term? + +For context, two other major players in the cruise industry are Royal Caribbean Cruises (RCL) and Norwegian Cruise Line (NCLH) dropped a total of 19,89% and 12,47% respectively. +Wood is crazy expensive right now. and most seem to believe that the cost is driven by the demand for wood. But financial statements from 4 of the top 5 companies argues another excuse. According to [Sawmill DB](https://www.sawmilldatabase.com/productiontoplist.php?continent_id=998), the top 5 production mills in the US are: West Fraser, Canfor, Weyerhaeuser, Georgia Pacific (Not PT), and Resolute forests. Since GP is not publicly traded everything I share will not include them. + +One thing I noticed with all of these companies is that in the past year their stock price has sky rocketed. + +* West Fraser: 130% + +* Canfor 180% + +* Weyerhaeuser 80% + +* Resolute Forest **500%** + +Why is their price doing this? it isn't like wsb is simping over it. + +Looking at all of their filings for the SEC tells you exactly why their price has jumped. it will also tell you why the price of wood has also skyrocketed. and it isnt a jump in demand that caused their price to raise or the price of wood to raise. These companies are just selling them for higher prices and pocketing the excess profit. + +There are 4 data points that support the artificial jump in prices. Inventories, Sales, COGS, and New Earnings. below is the data for all 4 companies. + +----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- + +**West Fraser** + + +:) | Q1.2021 | Q1.2020 | increase of +---|-------|-------|----------- +Inventories | 1,137,000,000 | 735,000,000 | 21% +Sales | 2,343,000,000* | 890,000,000 | 163% +COGS | 1,039,000,000 | 630,000,000 | 65% +Selling, G and A | 78,000,000 | 41,000,000 | 90% +Net Earnings | 665,000,000 | 9,000,000(no this is not a typo) | **7289%** + +*their acquisition of norbord was 707,000,000 of that unfortunately COGS for it isn't available. + +West Fraser has seen a jump in net earnings of over 7k percent. In one year they grew their net earnings by over 72x. COGS only increased by 65% which means the price of lumber or getting the lumber hasn't changed. This jump in COGS is likely due to Norbord. So even taking that out of the equation would mean they doubled their sales in a year. That is absolutely nuts. That is a profit margin that went from 2.4% to 66%. that is not normal, either. but we aren't done lets look at the other companies. + +----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- +**Canfor** + + +:) | Q4.2020 | Q4.2019 | Increase of +--|-------|-------|----------- +Inventories | 867,500,000 | 803,900,000 | 8% +Sales | 5,454,400,000 | 4,658,300,000 | 17% +COGS | 3,538,800,000 | 3,618,600,00 | -2% +Selling, G and A | 127,900,000 | 124,900,000 | 2.4% +Net Earnings | 559,900,000 | -269,700,000 | WTF? + +----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- +**Weyerhaeuser** + + +:) | Q1.2021 | Q1.2020 | Increase Of +--|-------|-------|----------- +Inventories | 505,000,000 | 443,000,000 | 14% +Sales | 2,506,000,000 | 1,728,000,000 | 45% +COGS | 1,430,000,000 | 1,382,000,000 | 3% +Selling, G and A | 90,000,000 | 74,000,000 | 22% +Net Earnings | 681,000,000 | 150,000,000 | 354% + +----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- +**Resolute Forest Products** + + + +3 months ending March 31st | 2021 | 2020 | Increase Of +--------------------------|----|----|----------- +inventories | 512,000,000 | 462,000,000 | 11% +Sales | 873,000,000 | 689,000,000 | 27% +COGS | 522,000,000 | 524,000,000 | ~ +Selling, G and A | 46,000,000 | 34,000,000 | 35% +Net Earnings | 87,000,000 | -1,000,000 | another one turning things around + + +Some interesting things to point out: + +* all these companies have a significant increase in profit margin. 2 of them were able to reverse their position and get positive earnings, while the other 2 were able to increase their net earnings by significant amounts. + +* in 3 of these cases, the increase in sale revenue was something to brag about. while the remaining company looks like they're geniuses for the growth they had. All of them did this with out having a huge jump in COGS. I include West Fraser in this because they acquired a company in Q1 of this year. for this reason I bet their COGS would like the same withholding their new acquisition. + +* Although "Selling, G&A" is not nearly as important or necessary as the others it is still necessary to show that any increase in lumber is due to labor. I assume labor is incorporated in COGS but I want to provide this for anyone reading this and wondering if they may be putting labor into a different classification. That was my first though when I saw COGS didnt jump as high as sales. + +* Inventories for all companies were marginally impacted. The growth they experienced I'd say is probably just volatility due to seasonal reasons. but an interesting tidbit I want to share is that all of these companies blame the increase in prices on the pandemic claiming that it had a negative impact on the supply side. but as you can tell all companies have a growth in their inventories. All but Resolute Forest value their inventories using the lower of costs. meaning that discounting the growth in inventories should be done to a minimum. They also blame an increase of demand from people working at home for the increase in business. This makes sense. But when you include the fact that the price of wood has doubled since last year it's a little bit unreasonable to say that the massive increase in revenue is due strictly to demand side. More than likely they increased wood prices is to make up for any lack in profits they would have gotten and now they don't want to lower them because they see how much more money they're making. + +Everything I shared with you is because a friend at work noticed this with west fraser. I wanted to confirm that this was a market wide phenomenon. I think it is safe to say that the increase in wood isnt market force related but rather artificially inflated reasons. Let me know what you think in the comments. This is my first time ever sharing research I did and If I missed a crucial step I would love the critique. If I get good at doing this I will probably submit more findings I have in the future. Thank you. +I mean I get that anything is worth as much as someone else is willing to pay for it, and growth/hype stocks go up because there is increased demand for shares of a company, but...why? What's the point in owning a slice of a company if you never get to reap any of the profits? Free cash flow, P/E ratios, EBIDTA and so on and so forth just seem pointless in the bigger picture if I'm never actually getting a share of the company's earnings. + +Sure, I guess if there was an expectation that at some point in the future the company would start distributing a dividend then it would make sense but otherwise it just feels like I'm kidding myself that I actually own a part of a business but don't get any of the benefits. +Hi all, + +I'm coming to you for some advice on the best communities outside of Reddit to engage with fellow value investors. I like this place a lot but want to branch out and see what else is out there that you would recommend. I have been investing for several years and have heard that some people go to Twitter or other places. If you have anything in mind, please share. I very much appreciate it! +I am just curious to how you all would value banks/credit service companies? Obviously, they operate different than a traditional business, therefore looking at the financials becomes different. + +I came across Medallion Financial Corp. (MFIN) during my recent screen and the financials intrigued me. + +I am young but have been value investing for 5 or 6 years now, just never really bothered with banks or anything similar because I don’t truly understand them. + +I have read that using a traditional DCF model to value the company would not be ideal. + +Thanks for any help and recommendations in advance. +Barron’s seems to believe that FB is significantly undervalued. With a PE of 29ish my autist brain is bound to agree. I also see the continued strength in Fb, ig, what’s app and their ad/data services. But I think the cherry on the cake could be their possession of the Oculus which could be a big driver of future growth with the progress of VR IMO. It does seem to me that FB takes a lot more PR heat than they deserve. + +It seems to be cheaply valued with a good forward growth story. + +Poke 🕳 in the theory. Go. + +[Barron’s article](https://www.barrons.com/articles/facebook-stock-is-cheap-heres-how-it-could-gain-20-or-more-51617399483?st=qlzovofkvxh9ywl) +I’m interested to hear what your investment research process looks like from finding ideas to putting money on the table and how long that process usually takes + + +TL.DR At bottom + +Everyone needs to unwind and unjack your titz ....The Stonk is right on track....and always has been. + +I'm marking this as a Compilation DD because it combines the most accurate DD from several members, yet it gets scrubbed with downvotes....**Why because its the sauce...its the code...its the algorithm** + +**First and foremost this first 2 visual credit go goes** [u/PWNWTFBBQ](https://www.reddit.com/u/PWNWTFBBQ/) + +**Here is her super master theory from 5 MONTHS AGO has yet to be broken** + +[**I think I found the Shorting Algorithm u/PWNWTFBBQ**](https://www.reddit.com/r/Superstonk/comments/ogjkao/i_think_i_figured_out_the_shorting_algorithm/) + +&#x200B; + +&#x200B; + +[ Constant Cycle Growth \/ PWNWTFBBQ ](https://preview.redd.it/7xqg05brzl181.png?width=1208&format=png&auto=webp&s=9f3ec7938bffca2d172e4812d6f1adf6bbf2bb83) + +&#x200B; + +[Where is the price action today??? PWNWTFBBQ](https://preview.redd.it/qd59cauq1m181.png?width=710&format=png&auto=webp&s=b06c031aba44ae56b752104ccf8987c66a87084d) + + + +Now lets look at where we currently are with the most recent post from [u/leenixus](https://www.reddit.com/u/leenixus/) + +[November 23 Cycle Day What Happend](https://www.reddit.com/r/Superstonk/comments/r12fcr/november_23_cycle_day_1/) + +&#x200B; + +&#x200B; + +[credit Leenixus](https://preview.redd.it/pm21es0vzl181.png?width=2104&format=png&auto=webp&s=c385dec5160c39050ba391557f362c48f6d45870) + +&#x200B; + + + +Boom, Looks exactly like the pic from PWNWTFBBQ + +Now here we are with my own 90 Day Channel Chart Point of Inflection + +&#x200B; + +&#x200B; + +[ Channel Chart of Impending Inflection ](https://preview.redd.it/ezwxlafzzl181.png?width=1920&format=png&auto=webp&s=ad141a07ec6d54d38d5740fb41d9ae0690da6f58) + +This chart is exactly 1 year 1 day + +1. You have your daily candles +2. Purple Channels are 90 day stretches +/- a day with a rising floor as proven by PWNWTFBBQ +3. Orange is thw start of September 25th uptrend...I believe its the last leg, but could be January 28, 2022 + +&#x200B; + +Here one more for a close up + +&#x200B; + +[ Impending Inflection Close Up ](https://preview.redd.it/xo1al3r20m181.png?width=701&format=png&auto=webp&s=6bcfdec4bdefe6229a980bef273239740b4b49e0) + +&#x200B; + +1. You have your daily candles +2. Purple Channels are 90 day stretches +/- a day with a rising floor as proven by PWNWTFBBQ +3. Orange is the start of September 25th uptrend...I believe its the last leg, but could be January 28, 2022 +4. Take the high candle wick of the previous November 3rd with the bottom of September 25 and you still reach the same point of inflection touching November 23rd candle wick +5. This again puts GME right in line with the above mentioned data from PWNWTFBQ + +&#x200B; + + + +Now we move on to a very silent under appreciated Ape credit to [u/altnob](https://www.reddit.com/u/altnob/) + +He has followed gherks theory and put together a solid rollover description for all to see. + +&#x200B; + +[ The Map Of The Year...Read Every Word Of It ](https://preview.redd.it/0gvvng1k0m181.png?width=960&format=png&auto=webp&s=40c47b5c964e49662f3d4c473be98642f92284ce) + +&#x200B; + +Read every word of it + +&#x200B; + +Now lets move away from the ticker and express why DRS Computer Share is so important + +GameStop Twitter + +&#x200B; + +[ Pink and Blue what do they make ](https://preview.redd.it/p2kuoudn0m181.png?width=603&format=png&auto=webp&s=31bc0de8a8d5b55a2977258cebfca0b2742b4dec) + +&#x200B; + + + +**Fucking Pastel Purple** + +I had to google the question to find the color BOOM + +Now what exactly did twitter say on November 17'th + +&#x200B; + +[ The Objective is DRS and you still have time Tweeted on November 17th](https://preview.redd.it/dr5uv7is0m181.png?width=608&format=png&auto=webp&s=5c04b8ef1b742f873ea53885a8b54335653f16b8) + +&#x200B; + +&#x200B; + +Literally it's all right there...in Twitter GameStop and what else is mixed into Pastel Purple .......what is the looping coin color.....? BLUE What is the NFT color scheme Pastel Purple + +**GameStop Twitter and RC are literally rubbing the answer IN.... YOUR.... FACE** + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +**Tin Foil Moment, I think it holds weight.** + +Mr. Gary Gensler, who happens to know more than we think he knows about crip toe world. He has stated multiple times in the past that : + +Gary Gensler himself stated + +>" we are dealing with new technologies that could interfere with how the markets work " + +Well after reading a post from [u/tophereth](https://www.reddit.com/u/tophereth/) about a new DTCC Job posting that is being mentioned ERC20 & ERC721.... I had to chime in and this is what I had to say....I have provided a link as well as a solid picture + +[DTCC Job Posting.....Because](https://www.reddit.com/r/Superstonk/comments/qwb1gp/dtcc_job_posting_from_august_mentions_erc20/hl1vrur/?utm_medium=android_app&utm_source=share&context=3) [they need to work with the GameStop New Exchange ??](https://www.reddit.com/r/Superstonk/comments/qwb1gp/dtcc_job_posting_from_august_mentions_erc20/hl1vrur/?utm_medium=android_app&utm_source=share&context=3) + +&#x200B; + +[ I think my comment holds wright, you be the judge ](https://preview.redd.it/63lm0h0z0m181.png?width=713&format=png&auto=webp&s=fb250e10c202c032a0207a0a21cac3c9ff0c0328) + +&#x200B; + + + +**Remember the GameStop and SEC investigation....** + +It's my further conclusion that Ryan Cohen went to the DTCC / SEC in Virginia the "GameStop store tweet " to lay down the law and explain what his intentions are and how RC Ventures, RC, and GameStop can legally create their own exchange for their own token. This will ultimately require the cooperation from the SEC, DTCC, and all organizations... + +&#x200B; + +&#x200B; + +[ Tin Foil is not always Tin Foil, or-is-it ](https://preview.redd.it/8x3hpfqd1m181.png?width=300&format=png&auto=webp&s=58bec57226bc514e30e6594ae974a23377a11298) + +&#x200B; + + + +A few of the rabbit holes I'm looking into + +Easter Eggz + +* Why was the original Gee Em Eeee created in May 2012......Where are the posts from way back then??? +* When did DFV start researching GameStop Stock / I mean before he posted in videos on YouTube +* Why is LRC Loop ring the chose one + +Why am I looking into this, because not only do I want MOASS to happen....I want to investigate all the way back to the day it started. How it started , Why has GME / GameStop become the chosen one + +Apes may find out how it ignites, but knowing where it started is just as much a mystery + +&#x200B; + +None of this advice they are simply findings from the research others have done and my own ideas + +I don't do a lot of DD, rather I search and save PDF everything that rings true for weeks sometimes months at a time before making a hard move back and fourth for days, weeks just so I can make 1+1=2 + +Hope you apes followed along and could make sense of this. Stay [💎](https://emojipedia.org/gem-stone/) [✋](https://emojipedia.org/raised-hand/) + +&#x200B; + +## Stay [💎](https://emojipedia.org/gem-stone/) [✋](https://emojipedia.org/raised-hand/) + +&#x200B; + +Also big thanks for helping out u/_exorduim + +&#x200B; + +&#x200B; + +TL.DR, Read the DD and Get Educated +Throwaway account for anonymity. + +Last week I won the Euromillions millionaire raffle, and I'm looking for advice on what to do from here, because I have no idea what to do with this amount of money, I'm not from a well off family. I haven't slept properly since because I can't stop worrying and thinking about how it will affect me or what I do with it. + +I'm 20, currently studying history at Uni. I have a student loan and maintenance loan, and no other savings up to date. My parents are separated, my Mum works as a cleaner and rents a flat, my Dad lives with his family and has some alcohol problems, we generally only talk about football, serious life issues are not his thing. Neither are best placed to ask about this sort of thing, and I haven't told them yet. + +I guess I just want some advice on where to go from here. Camelot have said they can hook me up with a wealth management financial advisor, or I can choose my own. I have no idea what to look for or what to be asking. I don't know whether I should just trust they will choose the best for me, or if I should shop around. Are there specific qualifications I should check for or questions I need to ask? Do I need to let my bank or the student loan company know? + +My current priorities are: + +- Finish uni, and hopefully get a job in journalism. + +- Have the money saved in some way that maybe pays me a regular amount, to help with income while looking for work or freelancing. I don't know if this is realistic with this amount? + +- Maybe start paying back my student loan? + +- Help Mum with some money towards a place of her own? This might be hard because I don't want Dad finding out (he has a habit of screwing relatives out of cash whenever he can, and I worry I wouldn't be able to say no). I don't know if there's a way to do this anonymously, or even if there is how to stop him getting suspicious about where it's from. + +- I want the win to be hidden from friends and family. Camelot say I can choose not to release my name, and I don't want too many other people (especially at uni) finding out because it might affect how they behave around me. Is this realistic or is it going to be hard in practice? + +Thank you very much for advice. I'm completely lost. + +Edit: Wow. So many replies, thank you so much. Thank you so much to those who've flooded my message inbox with advice and offers of help. I'm going to sit down and work through it all, come up with a good plan, and then go from there. I'll try to let you know what I end up doing and how it goes. +Tis the season! + +What organizations are you donating to and why? Money, time, other? + +How do you structure your charitable giving? + +How do you get kids & family involved in charitable efforts? + +Or feel free to add anything else. + +This year we will donate money to: + +* New Mexico Food Depot due to acute poverty and need in the area +* Multiple animal rescues we think do a great job +* ProPublica non-partisan journalism in the public interest, does an incredible job +* For children in family, everyone is getting a TBD animal "sponsor" type gift (eg adopt a gorilla etc) - let me know if you have any faves + +In terms of my other questions, we have been time poor this year and still settling in to our new city so a goal for next year is to find ways to be involved in good works, beyond money donations. + +We probably need to set up a more formal structure for giving, but I have a laundry list of tedious crap to get through before I tackle, and being in two countries adds to its complexity I think. +Title. + +I expect suites/junior suites not to be covered, but do I have to pay proportionately from my pocket if I take a moderately costly AC room and there are cheaper single AC rooms available? + +All the policy wordings mention "Single Private AC room" and I found contradicting informations online. + +This is a general question, but yeah if it's important, I'm looking at HDFC ERGO Optima Secure. + + +Edit. Asked by u/somuchtolearn007 + +A quick question, how does super top up work? Say SI is 5 lacs, ncb is 2.5 lacs then how will super top up work here? Is there any waiting period on it? +https://www.livemint.com/industry/telecom/cabinet-approves-two-year-moratorium-on-spectrum-payments-for-telcos-11574266923819.html + + +Looks like Airtel, Vodafone-Idea have received some relief from the government. +Hey everyone, Obviously this is an anonymous alt account because I didn't want it to come of as bragging in my main one (which I use sometimes to post in this sub). I just need to share my story today with you people because there's no one else in my life who understands what I am talking about. + +I have started trading in futures only 2 months ago even though I have been holding equity since an year. I started options trading only 2 weeks ago. + +As you guys know, INFY has taken a beating after Sikka stepped down as CEO. It lost about as much as 15% in just 2 days. I was observing it yesterday and during the second half of the day, I felt like it reached the lowest it can for the short term and started recovering. + +I put everything I had (24.5 lacs) to buy 34 lots of INFY AUG FUT at 876.80. After the margin (70k approx for 1 lot) is blocked, I had around 68k left. I used it all to buy 5000 options of INFY AUG 900 CE at 13.20. This was yesterday. + +I felt like INFY could try to touch around 895 before being dragged down today and set the targets as 899.80 for the future and 21.5 for the options. + +I am very happy that my prediction was right. + +**Profit** + +Fut: 17000 * (899.8 - 876.8) = 3,91,000 *(16%)* + +Opt: 5000 * (21.50 - 13.20) = 41,500 *(62%)* + +I also would love to hear more success stories (or loss) on this sub to grow this community. +Guten Morgen to this global band of Apes! 👋🦍 + +What fine Diamantenhände we Apes have! Yesterday, for no apparent reason, some institution spent huge sums of money on ITM Put contracts to drive the price of GME down sharply. I simply cannot understand *why* they would do this, other than that there is simply no other option. Why would they spend millions to drive the price lower, when many of the contracts that they're using expire within a week? Something tells me that it is an act of desperation, and that we are nearing the point where such tactics fail to work. + +Retail isn't selling. The institutions who still HODL GME aren't selling. They probably couldn't find any shares to borrow (or counterfeit!) so they used deep ITM puts to force at least *someone* to sell. While it may have achieved their goal temporarily, on the other side of those sales were Apes eager to get one of the last discounts of the GME saga. Apes, if you are able to, be sure to send your newly purchased shares to safety via DRS - it's the best way to tighten the vice on the institutions attacking the price like yesterday. It may seem like the price going down is a bad thing, but this is exactly the kind of desperate behavior I've been expecting from the short institutions. + +Be warned though - manipulating the price is the first tool that they deploy, but it is far from their only tool. As they get more desperate, expect intense FUD within this sub, via MSM, or even to be villainized. They'll accuse us of manipulating others into making bad investment choices and losing everything. They will attack respected members of this community or the GameStop leadership. They'll try to poison us against each other, hoping that when the MOASS comes, there might be a smaller wave of FOMO buyers due to their FUD campaign. + +Share your love of this stock. Show everyone that the whole world is behind this company, and no amount of FUD is going to change that. + +Today is Tuesday, December 14th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$140.14 / 124,26 €** *(volume: 8263)* +- 🟥 115 minutes in: $140.13 / 124,25 € *(volume: 8003)* +- 🟩 110 minutes in: $140.17 / 124,29 € *(volume: 7867)* +- 🟩 105 minutes in: $140.14 / 124,26 € *(volume: 7670)* +- 🟩 100 minutes in: $140.12 / 124,24 € *(volume: 7395)* +- 🟩 95 minutes in: $139.07 / 123,31 € *(volume: 6518)* +- 🟩 90 minutes in: $138.07 / 122,42 € *(volume: 5673)* +- 🟥 85 minutes in: $137.87 / 122,25 € *(volume: 5616)* +- 🟩 80 minutes in: $137.97 / 122,34 € *(volume: 5465)* +- ⬜ 75 minutes in: $137.66 / 122,06 € *(volume: 5325)* +- 🟥 70 minutes in: $137.66 / 122,06 € *(volume: 5154)* +- 🟥 65 minutes in: $137.82 / 122,20 € *(volume: 4503)* +- 🟥 60 minutes in: $138.04 / 122,40 € *(volume: 4245)* +- 🟩 55 minutes in: $138.72 / 123,00 € *(volume: 3897)* +- ⬜ 50 minutes in: $138.21 / 122,55 € *(volume: 3488)* +- ⬜ 45 minutes in: $138.21 / 122,55 € *(volume: 3384)* +- 🟩 40 minutes in: $138.21 / 122,55 € *(volume: 3283)* +- ⬜ 35 minutes in: $137.93 / 122,30 € *(volume: 2809)* +- 🟥 30 minutes in: $137.93 / 122,30 € *(volume: 2710)* +- 🟩 25 minutes in: $138.18 / 122,53 € *(volume: 2366)* +- 🟩 20 minutes in: $137.94 / 122,31 € *(volume: 2175)* +- 🟥 15 minutes in: $137.62 / 122,03 € *(volume: 1952)* +- ⬜ 10 minutes in: $138.66 / 122,95 € *(volume: 1117)* +- 🟩 5 minutes in: $138.66 / 122,95 € *(volume: 1009)* +- 🟩 0 minutes in: $138.63 / 122,92 € *(volume: 427)* +- 🟥 US close price: $136.88 / 121,37 € *($136.85 / 121,34 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1278. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Bought my first bitcoins at $255 in November 2013. Have held and continued to dollar cost average since then. In the spring, my wife and l will be moving into a swanky Manhattan co-operative thanks to Bitcoin. + + +My entire life is changed thanks to that fateful decision in the fall of 2013. I just wanted to celebrate this moment and to say a HUGE THANK YOU to all the hodlers, coders, memers, and believers in Bitcoin! You all rock!!! Couldn't have done it without you! + +P.S. + +For those wondering, no, I'm still not selling any yet at this price. +(Mobile) + +I’ve been fortunate enough to be hired in a fully remote position. This means that I’ll be home basically 24/7. So, my SO and I have been looking at new apartments to have a little more space because our current office/living room/ kitchen/gym combo is super claustrophobic. I found us a place, no difference in rent but a big difference in square footage because it’s in a rural area. We filled out a joint application (we eloped last week), scraped together the deposit, and it seemed like smooth sailing. But now, the management office wants me to fill out my own individual application because I haven’t legally changed my last name yet which would be fine but my credit score is in the toilet. + +Long story short, I’ve been on my own since before I turned 18 (not by choice). So credit was already an issue for me but I had been slowly building it. This past year, I found out that while going to school and working abroad my Mom took out student loans in my name when I was 17 and pocketed the money for herself. She’s since passed and there’s no way for me to prove I didn’t receive any of this money because I can’t afford a lawyer, so I’m stuck with over $70k of debt and some went to collections while I was in grad school and I wasn’t aware. I only found out because when I moved back to the US, I applied for a Target Redcard and was flagged. + +It’s frustrating because it damaged by credit SO MUCH and there’s nothing I can do except slowly try and chip away at it for the next 10 years until I can apply for forgiveness. Like... I worked 3 jobs and applied to many scholarships to keep myself afloat and none of that matters. I’m only just now able to afford things like an actual cell phone plan and WiFi. I’ve worked so hard and it’s not like I’m ignoring any debt. But the management office straight up told me a low credit score is concerning (under 600) and could lead to them denying my application. + +I feel so bad because my SO loves this place and although he would never blame me for anything/ fully understands the tough spot I was thrown into, I can’t help but feel like I’m 17 again desperately trying to find a room to rent. I’m still going to fill out the application and just included letters of rec. from my former landlord, work, and a character reference. Has anyone else had success with applying to housing with low credit? Did you include an explanation of low credit? I’ve seen a couple of articles saying it might be a good idea but I’m not sure. My SO has a pretty decent score (he’s your typical white man with parents who helped him), could that help? + +TL;DR My credit score is ass cheeks and I’m frustrated about housing applications. Any advice is welcome. + +Edit: Greeting fellow terrestrials, I just wanted to add a little note on the bottom here regarding the hot topic of the student loan fraud. I appreciate the insight and advice I’ve been given, but I don’t appreciate the negative messages criticizing me. I’m doing my best with the extremely messy situation and things are not as simple as “you don’t have to prove you didn’t receive the money, the servicer does.” I’ve explored options, I will revisit some of them after speaking to a few of you, and will do what’s best for me and my new little family. What is best for me may look different than what you would personally do, and that’s okay! My Mom is a source of extreme trauma so I appreciate those of you who have been kind, empathetic, and provided resources/insight. Much appreciated. + +In my mid 20s, metropolitan gay man, had a LT partner when I was younger and he was extremely manipulative and made me feel bad b/c I tried to improve my financial situations and refused to live hand-to-mouth. + +My definition of being not bad at money is incredibly low given my understanding of the Australian population: + +Live within your means, have reasonable and manageable debts or debt free and have at least 6 months to 12 months of savings with ongoing positive contributions to one's savings account regardless of the amount. + +How does financial compatibility impact your dating and relationships? +So like the title says i'm having a hard time approaching my roommate about organizing our financials. Both of us want to go to japan together eventually and at the rate we are going its just never going to happen unless we do something about it. We both earn 80K+, combined its like $170K a year. We both go paycheck to paycheck and its frankly ridiculous. More context we are both single, no kids or partners and in our late 20's. + +We are renting and don't have that many bills. Just buy a lot of crap and take out lol. I've decided to pull the reigns on this big time this month and slash all frivilous spending and actually make a proper budget. However for him i've suggested these things but hes always "too tired" "too stressed" or "not in the mood". How can i get through to him that we need to be making smarter moves about our money if we want to make this trip to japan happen? + +Are there any tips or tricks for approaching him on this or should i just give up and let him do his own thing? +As you can probably infer from the title, the outreach - while appreciated - has been overwhelming. It was my own fault for not doing the due diligence and researching LendingTree beforehand, but at least I can spread the word to others before they make the same mistake. +Hi I've studied econometrics (Macro economy) in Sweden (a welfare state who regularly do what the fed's currently's doing) and I'm at the moment employed at the statistical Central bureau of Sweden where we keep past economic data. + +Sweden's tactic to help the Economy usually consists of printing money and increasing well fair spending (Health care, school, highway's etc) in recession to create more jobs and the opposite in economic booms to make the recession less bad. So we have a good track record of how printing money affects the economy. + +Sadly for you U.S. citizens, printing money won't save the economy. Merly ease the crash landing that's about to come. + +Think of it like this. The U.S economy is like a water balloon, when times are good people take out credit loans and spend (filling the balloon with water) until it becomes so big that holes appear so water rush out (recession). + +What's currently happening is that Corona is slowly creating holes in the balloon as it spreads (Job loss). The Fed tried to counter this by filling the balloon with water (printing money). But no matter how fast the fed will try to fill the balloon, the water will rush out of the holes (That keep forming!) Faster than they can keep the money printing up. + +The only way to fix the balloon, is by covering the holes. (A Corona virus cure) And sadly, no matter what the media tries to convey, the average vaccine takes 10 years to produce. This can barely be speed up with more funding since one must take time to observe what the vaccine does to your body before it can be released to the public. If you Google on interviews with medical professionals, most claim that due to the massive funding and focuse on the vaccine, a working cure with no side effects is at best 5 years away or 3 years away with side effects. +The 1,5 years away is IF we manage to convert an existing similar vaccine AND absolutely nothing goes wrong in any of the 3 vaccine stages. Which is if you haven't already guessed it. Almost impossible. + +In conclusion : +For those of you that think that the fed can print their way out of this recession, I'm sad to say that it can't be done. Many EU countries such as Sweden, Norway, Denmark and Germany have tried it. What happens is that most people simply save the money due to bad times. Meaning that since they don't spend it, there's barely any new jobs created. +The best the money printing can do is to make the recession less worse than it could have been. + +Hope you all keep safe in these troubling times. +The guilt is all-consuming at this point. I grew up in a stable house where food/electricity/hot water were things I never thought about. They were just...there. A clean house in a safe neighborhood with a good dinner every night and toys to play with = my daily reality. I didn't get every single fancy toy I wanted, but I always got some toys and pizza nights on the weekends and trips to the amusement park and decent gifts for birthdays/Xmas and just regular middle class shit. + +My kids? I can't give them shit. FUCK. +… and it was fine. + +Washing machine finally gave up the ghost yesterday in a spectacular fashion. + +I didn’t even have a spike of anxiety about how we could afford to replace it - we have money set aside for this exact purpose! (Well, not the washing machine specifically, but you know what I mean!) + +Meant I could actually even enjoy shopping around and marvelling at the different tech-y options available; and I ended up choosing the best one for our needs that will last going forward, rather than settling for the absolute cheapest available and stressing about cost. + +Honestly, whoever invented the concept of Emergency funds needs a medal! +>Shares of Amazon plunged as much as 20% in extended trading on Thursday after the company posted weaker-than-expected earnings and revenue for the third quarter and gave a disappointing fourth-quarter sales forecast. + +-EPS prints at $0.28 vs. $0.22 expected. + +-Revenues came in at $127.1B vs. $127.5B eyed. + +-**Q4 Sales guidance $140B-148B, below $155B expected** + +More details here: + +https://www.cnbc.com/2022/10/27/amazon-amzn-earnings-q3-2022.html +I have accounts with several bank accounts and only some of them use instant Osko payment. Does anyone know why some banks don't use it yet since it's very frustrating??? It seems like the dark ages with some transactions taking 1-2 days now. +The excitement has turned to despair and the evangelists are no longer as loud as the doomsayers. A long cryptowinter looms ahead, and it could be years before the bulls return. The technology is promising but immature, and no one really knows for sure the value of it all. It is January 2014 and you don't know what to do. + +Flash forward to march 2018 and we are in much the same situation. What do we do? Embrace the gift that the bear market brings: informational arbitrage opportunities have returned. While people turn away from cryptocurrency, we should seize this opportunity to once again be at the forefront of DLT. So read, study, build, experiment, and share. Let the public turn away! Let the moonkids return to bed! The best of us will still be here, working to make the network stronger and the real applications better. This is another opportunity to be a pioneer and change the world, to go against the grain and be proven right in the end. +Hi, I am 28 years old, in graduate school and making ~15k/yr. I'm married, but my wife doesn't have an income. I just inherited ~275k and don't really know what to do with it. I've been reading and trying to get a better idea about how to invest it, but have a lot to learn. + +More or less what I am thinking now is we should put aside 6 months expenses and invest the rest of it. I had been looking into vanguard, but am open to whatever is the best option(s). Another question about vanguard is, are you able to set up monthly withdrawals on the interest? Our budget is pretty tight so if that was possible a little bit of additional income would make a huge difference. This would only be while I'm finishing grad school, but I'm not sure if this is a bad idea due to taxes or other reasons. I'm not entirely sure how a Roth IRA works or if I am even able to contribute to one due to the nature of my employment, I don't have a 401k or anything like that through my employment either. + +The only debt we have is student loans (between the two of us about $40k) and a car with less than $2500 left on it. I'm not sure if it would be in our best interest to pay these off and invest the rest or continue just making payments as we are. + +I'm open to any suggestions or advice on how to invest it, what the best way to do that is, etc. I am also looking to set up a meeting with a fiduciary advisor for a one time meeting while I'm setting all this up to make sure I'm doing everything correctly. I havent been able to find one yet, but I only started looking yesterday. +I recently lost my partner and acquired his life insurance. I’ve always lived check to check and don’t know how to handle having this. I’m afraid I’ll mess up and need advice. + +I’ve always heard banks are bad for gaining interest, but what are the other low-risk ways? It’s a good amount but not enough to where I would want to risk much. + +I debated paying off my house, and if I did, I would be left with just at six figures. But others have told me it’s better to keep the large amount to gain interest on. + +Any advice is appreciated! + +EDIT: Some details if it helps…I’m currently 25, have about 15k-20k in 401k through work, and a decent paying job. I own my home and we bought it back in March. I went ahead and paid off all debts except student loans (7k) and the house (137k). I’m aware paying off debts all at once is bad for my credit but didn’t really care since it was more of a mental health decision due to grieving/not functioning well. + +(Sorry if this is poorly worded, I’m not well these days but I’m trying) +Can somebody please tell me why even some of my friends with economics degrees claim that whenever the cryptocurrency market drops 10-15%, it is all a big scam? + +How about gold, or stocks? + +People feared cars, people feared electricity, now they fear crypto. +I signed up for spot but now not too sure what to ask them. + +I’m currently on 35k and have a mortgage with 3 years left on it still. The only thing I can think of is asking about pension contribution and pension plan in general. +I would highly appreciate some advice and tips on my situation. + +Getting a job thankfully won't be an issue. There are many available in my area and I have a good resume. My goal is to get hired this week. Apartments here cost around $450 to $700 a month, so after receiving one or two paychecks I should be able to move in. This is a straightforward plan, though I wonder what I can do to cushion myself and expedite the process. I don't have credit history and cannot get approved for loans (not bad credit, just lack of history). I hope that I can get approved for a credit card once I get a job. I'm also looking into applying for assistance with food which will allow me to put more of my check toward an apartment or room. Are there other services that could help me? + +I'm brainstorming about how I can use my skills and resources to my advantage. Here's some more info about me: I'm very creative and talented in performing arts. I'm physically fit. I have a Bachelor's degree in English. I can navigate a computer well and have constant access to the internet and to a phone. It also may be important to note that I'm single and childless. I have no debt or monthly payments such as insurance or a phone bill. + +I'm very thankful to have stability this month. Though I'm confident in myself, I've felt paralyzed lately due to stress and could use some guidance. Any tips or resources will be greatly appreciated. Thank you! + +Edit: I'm blown away by how much time and attention has been given to my thread. Thank you to all who have commented! +I love how engaged we are as a community and how active we are in spreading information. That sort of stops for me when we continue to post en masse every negative article that surrounds GME. I don't really understand the point? I would understand posting these articles here if you'd like clarification about their content but that doesn't seem to be why most are pushed here. + +There are much better ways to farm fake internet points other than giving the MSM free advertisements on our sub. It feels super unnecessary and it doesn't add any value to promote slanderous content on the sub. Please stop. + +Love you all, buy & hodl. +So I've been in the housing market for a few months now. I keep a running tally here in South Brisbane area and I have inspected 143 houses at the 300-500k range. + +I have been half following the hype train on price decreases and I was on board a few months ago, but over the last month you guys seam to be missing one thing. + +This is the 6th house I've been outbid by 10%+ above the listing price (60k above my offer once). Your all making strong points about the supply and demand, the financial hardship etc etc. But your underestimating how absolutely stupid your fellow humans are. I feel like the general public's intelligence is going to be a stronger force in this than you all lead on. + +EDIT: All the negative comments seam to be calling me poor. The point wasn't me complaining I can't afford them. I'm just having fun with it and playing the long game. I'm actually kind of confused how my meaning was misunderstood. Honestly when I entered a contract a few months ago I was more disappointed the search was over (was terminated shortly after due to hidden severe structural termite damage). + +I'm just trying to say that people are highballing for homes still, which will offset allot of the supply/demand issues etc etc. Which I believe is both true and a good point. I think it will contribute allot to any lag in price drop. Why you all grumpy and calling me poor? I know people can afford them, people can afford $20 for a loaf of bread. It's still dumb. +The question is more related to the amount you have invested. For example, Person A is investing for his/her retirement. he started investment 7 years ago and the target corpus was 2.0Cr. The current portfolio's current value is 50Lac. Person A mostly Index(60%) and reset in small/mid-cap, US equity and debt fund. + +At what point Person A should think that he/she should review his portfolio with a professional advisor? Off-course it depends on the person's risk but what do you guys think what amount should be called a 'Risky amount'?Note: These are not true values, I have just put random figures here. Hypothetically XIRR is 20% + +&#x200B; + +Edit 1: My intention is to post this question to learn more about individual decision-making. I think individual decisions defer based on portfolio size, and current and future financial conditions. +This may seem stupid, but do we get interest on our liquid funds investments of non working days? +I ask this because I need to redeem all units of my liquid funds, but since its proceeds get credited to my bank account the next working day, I am wondering if I should place the redemption request on Friday or wait till Monday (so that I get interest of 2 more days - Saturday and Sunday). +All my Mfs are at an all time high. They are giving almost 25% returns(annually!). But the thing is all of them are equity funds. Should I book the profits and and move them to liquid funds for now or they don't matter in the long run. Please discuss, while keeping it in mind that I won't be needing this money anywhere near in the future. +J.P. Morgan crypto analyst Steven Alexopoulos found silver-linings in the FTX catastrophe, [writing](https://markets.jpmorgan.com/research/email/cgthn5g9/h7ZA1m4PbEYOrkfNA_rP0g/GPS-4260670-0) in U.S. Mid- and Small-Cap Banks Crypto Banking Weekly: + +>*Collapse of FTX a Painful Step Back but Might Prove to be the Catalyst that Moves Crypto Two Steps Forward* +> +>With FTX emerging earlier this year as a white knight, bailing out troubled crypto-related companies, the news of FTX itself collapsing this week sent shockwaves through the crypto markets. While this is certainly a major short-term setback, we see the widely publicized collapse of FTX as potentially dramatically accelerating the timeline to which crypto-related regulation will be ushered in (similar to new banking regulation which followed the GFC). +> +>As a result, we see the news surrounding FTX as one step back, but one that could prove to be the catalyst to move the crypto economy two steps forward (further unlocking the utility value of blockchain). In fact, we see the establishment of a regulatory framework as the needed catalyst to massively ramp the institutional adoption of crypto. +> +>Moreover, while the news of the collapse of FTX is empowering crypto skeptics, we would point out that all of the recent collapses in the crypto ecosystem have been from centralized players and not from decentralized protocols. +Should Melvin still be as balls-deep into shorts on $GME, as all indicators seem to point to, their margin call and subsequent liquidation could send the price of the stock up as far as $520-$700. + +That is if they're forced to completely liquidate and lose all of their assets on covering naked shorts for GME. + +We may see it spike that high and settle back in the $300's or maybe just the $200's... they'll say that was the real squeeze, that $200-$250 is now fair value for the stock (remember when Zacks changed their tune to say $170 was a decent point? Bet my left cheek it ain't.) + +It could go a bit lower if the other short funds decide to short at the top of that run up. + +***Either way, day trading this stock is too unpredictable and it's price doesn't behave normally. Don't do it.*** + +Point is, don't fall for the seeds that are already being planted that Melvin is going down fast, and that the squeeze will really be squoze once they cover their shorts. + +There are several other parties that backed and bailed Melvin out of their January fuck up. A few names such as Susquehanna and Citadel's many branches will be playing from the shadows. + +Look back at everything that's been building. Remember that they will twist everything they can into FUD. + +The reason why I personally like and believe in this stock hasn't changed since [I purchased my first share at over $500,](https://imgur.com/a/W00OPEY) and it hasn't changed at any point since, so why would I sell? + +Keep your game faces on, and remember, whenever you see some crazy new DD, good or bad, ***always*** to ask yourself why it's it's being announced, who stands to benefit from it, and what it wants to get you to do. + +See you all on the moon! + +🏳️‍🌈🦍💎🖐🚀🏳️‍🌈 + +*(Mods, pls let me know if that screenshot proving I bought at over $500 is against rules and I will take it down, just want to be able to validate my claim!)* + +Edit: I always wanted to have a train run on me, but this is ***not*** the way I pictured it. + +Edit 2: Since I've been told by a couple of people that there's stuff going around encouraging day trading/etc., I'll keep it simple. This ape only knows and does two things: buy and hodl. + +I've been training my 4 cats to do the same and recommend it to everyone else who owns cats. Only. Buy. And. Hodl. +Last week I sold a cash secured put on AMC for a strike price of $3 with an expiration date of 11/13 (edit: typo of 11/3). When the market closed yesterday (Friday), AMC was at 2.98. During the trading day it was never over 3. + +However, it appears that I have not been assigned any AMC stock. I noticed that in after hours trading, AMC increased to 3.20. + +How come I was not assigned on AMC? + +I had four other cash secured puts, and all of them have been assigned and I now own stock in these four. I now have no open options. It seems like I haven't been assigned and I won't be assigned. +Rather than commercial or residential real estate, has anyone invested in farmland? + +Except for variable commodity prices, ownership of farmland and leasing out to farmers seems even more straightforward than commercial or residential real estate. +I want to live in Hawaii which has state income tax: 8.19% on the first 400k and 11% after that. I have an LLC (treated as an S-corp) that passes profits through to me. Adjusted gross income is \~3.5M/year, so it'd be \~350k/year for state income tax. Only residents pay that tax where residency means living there > 200 days/year. 350k/year is a whole lot, so much that I'd consider leaving every 6 months to avoid the tax. Maybe there are better ways? + +One idea is if I could somehow defer my income to the next year, then I could stay in Hawaii for the 12 months where I have no (or little) income. The next year I'd take the income from the previous year plus the current year, but only stay in Hawaii for 6 months to avoid the state income tax. 6 months after that I'd return and repeat the cycle. + +Is that reasonable? How might I defer my income until the next year? +It may have seemed like a crazy bet then, but it would have paid off for your grandkids. + +And while it would have cost more and wouldn’t have nearly as much upside, buying the same land in 1890 or 1990 was still a really smart investment. + +If you disagree with the “digital land grab” thesis, you’re basically shorting the success of the internet. Who would seriously bet against the future of the internet? +https://imgur.com/a/OJKj6 +(Note: net worth was wrong until January or so as Mint didn't have a login for a 401k account I had until rolling over. June "dip" was Mint not syncing an account at all.) + +I originally found out about Reddit in 2013. By finding Reddit it helped turn my life around both financially, and health wise. Today I've hit two major goals, losing 110 pounds and reaching a net worth of $100k. I started out at 330lbs+ (highest 350lbs), and I'm currently 220 lbs. :D I want to share my story. + +Background: I'm in the video games industry as a software engineer. I originally found out about financial independence when I heard about Reddit in 2013. Before then, I was on the Bogleheads forums saving the "suggested 10% of income towards retirement." I developed a good savings habit right out of college. I had graduated in December 2009 and the job market was poor, didn't get a job until June 2010 with my student loans ballooning more and more from the deferred payments. + + +**2010 - 2011** + +- Salary of $45k for my first software engineering job in Austin, TX, doing firmware programming for a gaming network card startup company. I had a job offer of $75k + 10k company contribution to a 401k plan with a defense contractor in Maryland. It was a hard decision from taking a cushy high paying job vs something that hit my career goals of breaking into the industry. I ended up choosing the gaming network card company which gave me a huge career boost. +- I managed to max my Roth IRA at $5,000 that year and saved ~$1,000 in a HSA. +- Debts: $17,000 student loans (12k stafford (mix of 3.2% and 6.8%, averaging 4.5% + $5k private @ 9.5%.) +- Net worth: -$11,000 +- Savings rate: 10% + + +**2012** + +- Salary of $55k at Las Vegas, NV. I broke into the PC video games industry directly as a software engineer. :D +- I had a hospitalization that ate up a lot of money (knee dislocation, went to the ER, insurance paid $12k and I hit my $2k deductible.) +- Got a raise mid year to $60k. +- Bought a $185k house at the bottom of the Las Vegas market with a 3.5% $7k down payment. +- Made another $5k contribution to the Roth. +- Debts: $15,000 student loans (12k stafford + $5k private.), only paid the minimum as I used my roth ira as an e-fund and had the medical costs. +- Net worth went positive at this time thanks to the $7k down payment and $10k roth balance. +- Net worth including house down payment: $2,000. +- Savings rate: 10% + +**2013** + +- The game company I was at hit financial troubles. Furloughed to 80% of my original salary ($48k), but had Fridays off. Then I was laid off for a month. I was rehired a month later as I was highly productive and everything grounded to a halt when I was gone. Third day back at the job I had 3 job offers come in, 70k at a casino games company, $60k new zealand dollars + equity at a new zealand video game company, and $90k at a San Francisco games company. I chose the SF opportunity, but when I moved there, even though I researched cost of living and rents beforehand, I quickly realized I didn't negotiate for enough. At the time this was the glassdoor reported average in SF. +- I now had an empty home that took a long time to get rented out despite rentals doing well in Vegas. I moved to SF in May, and the home didn't get rented out until October. The biggest issue was my backyard was just complete rocks. I took on $7k debt to remodel the back yard. +- Savings that year was pretty much a wash other than maxing out the Roth IRA. This was the year I found out about FIRE. +- Paid off the private loan as it was 9.5% APR. Still did mininums on the Stafford loans. +- Debts $19,000 +- Assets: $15k roth + $7k home equity +- Net worth $3,000. +- Savings rate: 10% + +**2014** + +- Got a raise the first 6 months I was at the new SF company to $102k then another raise 6 months later to $112k. I made a ton of server optimizations that saved the company I worked at $1m - $10m annually. The raises would have been more but the company was struggling financially. +- I was able to max my 401k and Roth IRA finally. +- Was at 330+ lbs. I decided to make a change and start taking my weight seriously. I started out with calorie counting. +- Debts: $19,000 +- Assets: $41,000 +- Net worth $22,000. +- Savings rate 25%. + +**2015** + +- SF Game company had huge layoffs but I stayed on. I got moved to a crappy mobile title I didn't care about. +- I decided to start my own virtual reality video game company. Company threw a "name your own salary" and $25k cash retention offer, which I declined. +- Calorie counting got me down to 270 - 275 lbs then had a really bad stall. Found /r/keto and it changed my life. I've been on a ketogenic diet since then. +- Moved in with roommates to bring rent down to $1,000/mo in SF. +- Sold my house for $260k pre-commission. Paid off student loans, remodeling debt, etc. $100k liquid account number, $75k net worth after paying off the remaining debt. +- Net worth $75,000. +- Savings rate 0% due to startup. + +**2016** + +- My SF startup was a failure. I learned a lot though. +- Pivoted last 3 months of my runway. Stepped down as CEO. I hired away a good friend/coworker who was the director of business development at the old SF game company I worked on for 20% equity to serve as CEO & cofounder. My equity was 80% pre-VC. +- Our pivot was a VR communication social networking app that could overlay on other VR games on both GearVR and PC. Had a great tech demo. +- $10k in angel funding secured. $230k lead VC investor secured out of a $750k round @ 20% post money + 20% employee option pool. +- Paper net worth - 80% pre-round equity * 60% = 48% equity post-round * 750k/.20 = $1.8m. +- Net worth not including my startup: Down to $35k which was my original stopping point. +- VC fund suddenly pulled offer after doing due diligence with no reason. Scared off other potential VCs. Didn't find out until 6 months later the reason was nothing to do with us, their VC firm went under due to allegations of corruption. +- Co-founder talked me into keep going past my $35k net worth stopping point. Withdrew the Roth IRA down to earnings only, all contributions are out. Took on some $6k 0% APR balance transfer to keep cash flows going without having to resort to raiding retirement accounts. +- Lost all energy and gave up. Took a week to go on a cruise and refocus. Came back and got a job a week later (man its easy to move around in SV.) Took a great offer with a streaming video company wanting me to make a VR player for them. +- Salary now 145k. +- Was bait & switched. Even though I had the VR job in writing they had me work on other stuff first like their PS4 client. 6-8 months of the bullshit and escalation to the CEO did nothing so I took another job. +- Took a job offer at $125k + $18k sign on bonus at my old video game company I worked for in Las Vegas, NV, working on a virtual reality video game. Even though the salary was lower, having no state tax and much lower cost of living made it a no-brainer. +- Debt $12k. +- Net worth was around 45-50k +- Savings rate 25%. + +**2017** + +- $125k salary in Las Vegas, NV. +- $18k sign on bonus was paid, after taxes and moving expenses paid off my debt to $0 again. +- Really happy with life and enjoying what I'm doing. Took 2 more cruises and got into scuba diving. +- Shipped my first virtual reality video game. +- Financial uncertainties are ahead though at this company again. Haven't contributed to the Roth yet as I'm nervous about unemployment. I'll be making my roth contribution for 2017 in the last few months I'm able to in 2018. +- I'm down to 220 lbs thanks to /r/keto! I just feel motivated in everything in life, both financially and fitness wise. +- Maxing out 401k. $3,500/mo going into taxable + $1,500 mo into the 401k, for $5,000/mo in savings. +- 60% savings rate. FI target 15 years from now at 7% real return for 4% SWR for what I was spending in SF. FI target 10-12 years at 7% real return for LV expenses. +- $0 debt. +- Liquid net worth now $100k. +- Savings rate 60%. + +**Current Assets** + +- $23,237 taxable account +- $16,662.52 current employer 401k account. +- $41,289.89 solo-401k account. +- $17,531.54 roth ira account ($11k is earnings.) +- $2,690 cash, covering 1 months' expenses as a emergency fund. +- $55,000 personal property (furniture/computers/etc.) to make $155k total net worth, $100k liquid. + +**Current Monthly expenses** + +- Total expenses of $2,700/mo broken down as: +- $1,500 rent for a nice 3 bedroom home with a private pool and hot tub. It beats out living in a 1 bed room in SF for $3,000 mo. +- $400/mo food - I'm on a ketogenic diet, have lost 110 pounds on it so far, it's hard to get this cost down a lot more with proteins/etc being more expensive on average. I'm really happy to spend money on a healthy diet. +- $171 electricity, gas, water +- $65 internet. +- $228 lease payment on a chevy volt for a 36 mo lease (15 mos remaining.) I negotiated it to $27k capitalized cost which is a sweet deal for a volt. Buyout cost on the lease is $19k. +- $112.66 car insurance - full coverage, 300k liability, 300k property damage, + umbrella policy, so all together not bad for the coverage +- 82.69 cell phone ($50/mo + $23/mo that ends in March for a 0% apr cell phone payment plan.) I've only had 3 cell phones over the past 12 years. I use each phone 4 years on average. +- $154.18 private individual long term disability insurance coverage. With my weight loss I may be able to get them to go down to $75/mo or lower. +- $22.32 rental insurance. + +**Investment philosophy and allocations** + +- On the investment policy statement I wrote I'm allowed to invest up to 10% of my **contributions** into any individual stock position, short stock position, options position, futures position, or forex position that I would like to actively manage. The other 90% goes into passive funds. I never rebalance **into** the individual positions, only **out of**, and +once I re-balance out of, I can't go back into it. I choose when to rebalance out of my individual positions. +- By doing this, worst case is I lose my entire 10% investment of contributions and it delays FI/RE by 1-2 years. If I break even, 6 months delay. If I make around the market return, then 0 delay. If I have a 5% alpha over the market then 1-2 years earlier retirement. If I have a 10% alpha then it looks to be 5 years earlier retirement. To me this seems like a great risk/reward opportunity. Having this play account also helps me stay focused and entertained, and not worry about the other 90% passive investment. +- Current allocation is 100% stocks, ignoring e-fund. At my current savings rate I'd refill the account in a year or so if the market had a 50% correction. I feel comfortable with this. I'm planning to introduce 10% bonds in 2-3 years, then start a glide path. +- For my passive account 70% vanguard total stock market, 30% vanguard total international market. Doing a lot of research I really want a total market return. It mimics the target retirement accounts and I figure Vanguard knows a lot better than I do as far as optimal risk-adjusted returns. +- For my individual account I do everything from going long stocks, shorting stocks, buying options, selling options, and day trading. +- I've found day trading doesn't work well for me in this current low volatility market. Being on the west coast most of the movement happens before I wake up, and I don't want to wake up at 6 am to hit the pre-market. It's a lot harder than it looks too. +- I've had a much more success swing trading where the price goes below my current fundamental models. Examples are me buying AMD when it dropped to $10 from $14 despite a good earnings report, and Gilead dropping down to $65 from $80, and TSLA dropping down to $150 or so before rebounding before the model 3 pre-orders. +- Current individual portfolio is equal parts of AMD 2 year LEAP call options at the $5 and $10 strikes, GILD 2 year LEAP options at the $67 strike price, TSLA shares, and FNMA/FMCC shares & preferreds. I'm up over 50% from opening, and averaging 25% per year return so far on these tactics. The first year I had a lot of learning losses trying out different strategies. +- I also sell 30-45 days to expiration options (usually spreads, sometimes naked) on TSLA, AMD, NVDA, indexes, 20 year treasuries, and a lot of other tickers based on fundamental and technical analysis. As an example my most recent trade is I sold put spreads on about $200k of 20 year treasuries after they dropped 6% in a month, as treasuries were way oversold. Two days later after I had already profited 50% - risking $2,000 if they dropped another 1% to make $1,000, the premium those puts were going. On average I seek to make 5% of the account value per month, risking no more than 5-10% of the account. Risk adjusted so far it's been about 2-3% per month. I don't sell on individual stocks during earnings either. +- I've gotten really into algorithmic trading, and my initial trading algorithm generates about 80% per year backtested, 50% worse drawdown historically, sharpe of 1.58. I have ideas I'm working on that brings the drawdown to 10-25% which will boost the sharpe to 3.5 - 8. So far is working fine in live trading, up 25% this year in live trading. My next startup is likely to expand on algo trading. + +**Future financial goals** + +- Saving up for another home, as I did well the first time around. I'm not in a rush currently, as my current company has financial difficulties again. I don't know if I want to stay in Vegas though. +- Building up a bankroll for professional advantage gambling of poker and blackjack. I count cards well, and I've really gotten into playing poker well. Having done both though it's a huge hourly grind, with blackjack returning $60/hr for my bankroll I want, and poker returning $25-$35/hr at $2/$5 holdem no limit. +- Keep up my 60% savings rate. + +Edit: +I'm gay and have a boyfriend of 11 months, the single status means I'm unmarried and single from a FI perspective. We aren't living together or sharing finances yet. + +Edit 2: +Thanks for the gold kind stranger! +I'm wanting to invest a reasonable sum of money into the stock market, and i'm wanting to know what people's thoughts are on the best time to invest it. + +Prices are already very low on particular stocks, including some growth stocks, but with the FED due to increase interest rates next month in March, it would only make perfect sense for the stock market to finally come tumbling down in direct response. + +Of course, we don't live in a perfect world, and the stock market reacts irrationaly at the best of times, but logic would tell you this scenario should play out... should it not? + +So, with that said, what are your thoughts? Should i invest now when prices on some stocks are already very cheap after having corrections in the last few weeks, or should i play the long game, and wait until mid March when the rates are due to go up, and hope and pray that prices come down even more? +This post follows the suggestion in the thread the other day of “what to buy in a recession”. With the current market drawback for equities, but with real estate being not yet significantly affected, it seems as though it would be a good opportunity to sell real estate and rebalance into stock? Personally, I’m way overweight in RE right now (80%+ of my NW in commercial multifamily). The downside is much of this is tied up in 1031 exchanges so the tax hit would be real. + +Of course things could get worse and stock could (and from the looks of things probably will) drop further and RE could increase more, but I’m not trying to time the market, just take advantage of what seems like a good opportunity to rebalance when valuations are lopsided. Is anyone in a similar position and executing on this? +Just wanted to put a PSA on here that the I bonds fixed rate is going to roll over at the end of the month from **9.62%** to **6.48%**. If you buy I bonds before the end of October, you lock in the 9.62% rate for the next 6 months. If not, you'll only get 6.48%. If you've been thinking about purchasing now is a good time. + +You get a pretty incredible return for effectively 0 risk. Especially with the stock market where it's currently at. Just wanted to give people on here a heads up who have been on the fence. +Good morning, + +Yesterday was a crazy day with AACG showing some ridiculous moves on the upside. Congratulations to those of you who managed to catch it. That said, there are equally stocks like CPSH which temporarily show potential and then flash-crash down, so be careful out there. Here is my watchlist for today: + +1. **$LAIX (LAIX Inc) -** I can't see a catalyst with this stock, but it's made some crazy moves pre-market. Similar to AACG, this is an ADR based in China and this is very likely another 'pump/dump' like we have seen a lot lately. +2. **$JG(Aurora Mobile)** \- This is another ADR but does actually have a catalyst, which seems to be an announced partnership with Kuaishou to increase monetisation efficiency. This has ripped up in the last 20 minutes and at it's all-time-high. One to watch, this will be our leading gapper going into the open at this rate. +3. **AAME (Atlantic American)** \- We've seen this rip up a few hours ago and then followed by a selloff, but it keeps testing the VWAP (currently acting as resistance) which shows promise. A break of this VWAP and a push through $5 would definitely attract a lot of attention. + +Other stocks I will be watching: STG, AREC, KRKR, TTOO (High float), TDC (High float) + +As a reminder, trading is risky, make sure you put stops in place and follow your initial plan regardless. + +Have a good weekend. + +\-Rep +I was a fuck up for most of my life. My wife has always been successful which she has earned. I feel like every week I was giving her another reason to doubt me. Then in January I asked her if I could invest in the market after seeing some posts about gme. I was in nursing school but didn’t have a job and my wife, amazing as she is, let me invest some of her money into this. Now, today, I am working as a nurse and investing everything extra into gme because of the DD and belief that I have in this company. I must admit it’s hard when you invest money and you see the ticker drop but I continue to do so every week. I don’t have much but this experience has only made me so aware of the bullshit of Wall Street. I love you all, sorry for my rant. +I noticed that this sub is responding to serious concerns about Cardano by calling it FUD or calling the poster out for allegedly being only into short term gains or buying the peak. + +People are also blaming the bear market that started in November and the war that started recently as the sole reason for the dip, even though the ADA price has been falling non-stop since September. + +So far, I have not met a single person here that made an actual argument for ADAs long term value. + +I would like to know what’s so special about it? I get that ETH is currently unbearable and its true that Cardano has Proof-of-Stake while ETH doesn't. But there are literally dozens of Proof-of-stake blockchains with working smart contracts and a blooming network of dApps. + +Tezos, Harmony, Fantom, Juno, Algorand, Solana, BSC, Tron, Flow, Cronos, Secret Network, Oasis, Near, Klaytn, Celo, Avalanche, Moonbeam and many more are proof of stake and have tons of dApps. They all have their pros and cons, but every single one of them is much further in their development than Cardano. Some of them also seem more scalable for the long term like Harmony and Near. + +So, what about Cardano is so promising? Why is everyone so sure that it will outperform all this other ETH competitors? + +Inb4 all the FUD comments +Guten Tag to this global band of Apes! 👋🦍 + +As we head into another day on the German markets, many will be watching to see how Russia's attack against Ukraine impacts the world markets. Many of us have long expected a market-wide downturn to coincide with the MOASS, and some external world event to be blamed for the crash so the abuses of the market can slip under the radar. While Russia's senseless attack against the people of Ukraine may be such a scapegoat, there is no satisfaction to be found when it means the kind of suffering that is being inflicted upon the people of Ukraine. + +That said, I'm sure that we'll have quite a few additional visitors tonight, anxious to see an early glimpse of what this war's impact will be on our favorite stock. Welcome to all, and please do share a comment to promote the sense of world unity that I feel we need at this time. The world is surrounded with Diamantenhänd Apes, and I am proud to stand among you. + +Today is Thursday, February 24th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$110.92 / 97,78 €** *(volume: 11433)* +- 🟥 115 minutes in: $110.10 / 97,06 € *(volume: 11103)* +- 🟥 110 minutes in: $110.18 / 97,13 € *(volume: 11094)* +- 🟩 105 minutes in: $111.54 / 98,33 € *(volume: 10962)* +- 🟩 100 minutes in: $110.98 / 97,84 € *(volume: 10856)* +- 🟩 95 minutes in: $110.92 / 97,78 € *(volume: 10733)* +- 🟥 90 minutes in: $109.22 / 96,28 € *(volume: 10447)* +- 🟥 85 minutes in: $109.23 / 96,29 € *(volume: 10225)* +- 🟩 80 minutes in: $109.47 / 96,50 € *(volume: 9911)* +- ⬜ 75 minutes in: $108.91 / 96,01 € *(volume: 9689)* +- ⬜ 70 minutes in: $108.91 / 96,01 € *(volume: 9646)* +- ⬜ 65 minutes in: $108.91 / 96,01 € *(volume: 9224)* +- 🟩 60 minutes in: $108.91 / 96,01 € *(volume: 9076)* +- 🟩 55 minutes in: $106.98 / 94,31 € *(volume: 8810)* +- 🟩 50 minutes in: $106.91 / 94,24 € *(volume: 8775)* +- 🟥 45 minutes in: $105.83 / 93,30 € *(volume: 8112)* +- 🟩 40 minutes in: $105.85 / 93,31 € *(volume: 7781)* +- 🟩 35 minutes in: $105.36 / 92,88 € *(volume: 7315)* +- 🟥 30 minutes in: $105.30 / 92,82 € *(volume: 6750)* +- 🟩 25 minutes in: $106.63 / 94,00 € *(volume: 6047)* +- 🟥 20 minutes in: $106.07 / 93,50 € *(volume: 4856)* +- 🟥 15 minutes in: $106.37 / 93,76 € *(volume: 4444)* +- 🟥 10 minutes in: $107.48 / 94,75 € *(volume: 3326)* +- 🟥 5 minutes in: $108.04 / 95,24 € *(volume: 2561)* +- 🟥 0 minutes in: $112.48 / 99,16 € *(volume: 1312)* +- 🟥 US close price: $114.87 / 101,26 € *($114.35 / 100,80 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1344. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Since some people are panicking about the 10 & 3 Treasury yield rates inverting, I thought it might be helpful to review history so people can get a sense of the time scale involved in these sorts of things. + +You can follow along here: + +https://fred.stlouisfed.org/series/T10Y3M + +https://www.tradingview.com/symbols/SPX/ + +*Please note, I'm eyeballing this from the charts above. All values and dates are rough estimates.* + +**1989:** +>The yields invert in late March 1989. They bounce around for the next 9 months until the end of 1989. + +>The S&P hit 290 in late March 1989. By October 1989, it hit 360. S&P then dipped to 320, then hit 370 by July 1990. The recession officially begins that same month. The S&P then dips to 300 and regains its value to 370 by February 1991 (roughly six months). Recession ends a month later, March 1991. + +**1998:** +>The yields invert in September. They bounce a few times over the next month. + +>S&P is volatile, but there is no net loss/gain. No recession. + +**2000:** +>The yields invert in April 2000. They bounce for the next 10 months until February 2001. + +>The S&P was at 1350 when the yields inverted. S&P hits 1520 in late August 2000 (a high it reached in March 2000, before the inversion). S&P would then begin a slow and volatile decent (four months after the initial inversion), dipping to a low of 800 by late September 2002. The recession officially began March 2001 and ended November 2001. + +**2006:** +>The yields invert in January 2006. They would bounce for 19 months, until mid August 2007. + +>The S&P was 1280 in January 2006 (when they first inverted). By October 2007, the S&P hit 1560 (a couple of months *after* the inversion ended). S&P then began a mostly slow decent down. The recession officially began a couple months later in December 2007. The S&P dipped to a low of 670 around March 2009. Recession ends June 2009. + +The point? + +If you're panicking right now, consider slowing your roll. If history is our guide, you're freaking out waaaaaay too early and will most likely miss out. +I’ve turned my notifications on for Bill Pulte on Twitter. I’ve tried to decipher everything as if he was another Ryan Cohen. + +I saw a Tweet this morning from him that had a quote from the Detroit Free Press from a lawyer who represented the Pulte Family, Steve Wolosky.. + +GUESS WHO FUCKING REPRESENTS GAMESTOP!? + +Steve Wolosky!! + +Tweet: https://twitter.com/pulte/status/1513868451164696581?s=21&t=cvbGx3Kg5nML-8RZ6zSZPA + +Source: https://www.olshanlaw.com/resources-mentions-AgreementToReconstituteBoard-GameStopCorp-BoardOfDirectors-ShareholderActivism-EquityInvestment.html + +Guys, what the hell is going on!? + +To me, this seems like a pretty big deal. + +Steve Wolosky helped the Pulte group push out Dugar who I learned about from that Mad Money segment that came up on this sub recently. + +Bullish AF seeing as our boy Bill was contacted directly by a hedge fund yesterday. + +What is this crazy simulation!? +https://www.valueresearchonline.com/story/h2_storyview.asp?str=35150 + +He has a point too, it seems there was no attempt to made to seek expert opinions or think through the implications, the FM saw the phenomenal returns of the market in 2017 and decided that the government wants a share of it. +xxxNifty is a developing adult NFT platform that aims to bridge the gap between cryptocurrency and the adult industry for users and artists alike. As you can see on their website, xxxNifty has artists and users who are already reaping what they have to offer. Gem Stoned, Sinn Sage, Bonni Good for instance are some of the content creators with countless more to come. Large partnerships are also in the making. If you’re interested, you can see more of the artists here: + +[https://www.xxxnifty.com/adult-content-creators/](https://www.xxxnifty.com/adult-content-creators/). + +The dev team is very active in the TG answering questions from the community and making sure investors feel safe. Just last night there was a contract migration professionally done by the devs. They took a snapshot and all the holders were airdropped the new NSFW token. All we had to do was to put the new contract address in our wallets. The migration was needed because the community asked for a tax system and after several polls and voice chats with the devs they decided to put the 6% tax system in place showing that they have a very dedicated developer team who listens to their holders. + +As of now, the application for **CoinMarketCap** as well as the registration for **Coinhunt** has been completed. xxxNifty has also been published on **CoinGecko** in **LESS THAN ONE DAY**. There is so much more in the discussion so if you have any further questions, feel free to pop in TG chat. I’m sure the dev and the community are more than happy to answer them :) Become part of an ever-growing community today! + +✅ List of things are in progress: + +Big star incoming! Tik Tok & YouTube marketing. Poocoin banner ad finalization (already paid) Only fans work in the discussion. Talks with big studio in LA with models. More models incoming! CoinMarketCap listing pending. Burn mechanism when buying NFTs incoming. + +🪙 NEW Tokenomics: + +6% redistribution 5% LP liquidity, 1% holders + +🔥 Fully minted. + +🔥 PancakeSwap liquidity: + +60% of Pre-Sale will be LOCKED 🔒 for 6 Months + +🔥 Total supply: + +69,696,969,420 + +🌐 Website: + +[https://xxxNifty.com/](https://xxxnifty.com/) + +📝 NEW Token address: + +0xed1b4bdb29ca09545b9bedc6c0e854074e121eb3 + +🥞 PancakeSwap (6-7% slippage): + + https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xed1b4bdb29ca09545b9bedc6c0e854074e121eb3 + +💬 Telegram: + +[https://t.me/xxxNifty](https://t.me/xxxNifty) + +🕊 Twitter: + +[https://twitter.com/xxxNifty](https://twitter.com/xxxNifty) + +👾 Discord: + +[https://discord.gg/wAXuEEtDRW](https://discord.gg/wAXuEEtDRW) +HOGE is a deflationary farming meme powered currency. It’s DOGE but DeFi, with better tokenomics. + +Marketcap of \~$3 MIL right now. 1% burn every swap 1% distribution to holders every swap, you literally receive tokens in your wallet from holding, an auto-staking type mechanism. + +All supply added to liquidity, no developer tokens. + +Listing to a whitebit is NOW LIVE , which will allow for smaller buys without gas fees. Its an exchange with $800-900 million per day volume.. This is going to do wonders for the price. + +We are literally one Elon retweet on a Doge meme from this coin going to Mars... + +Join the telegram, hogefinance, we are building a super friendly community over there. + +&#x200B; + +UNISWAP + +[https://info.uniswap.org/token/0xfad45e47083e4607302aa43c65fb3106f1cd7607](https://info.uniswap.org/token/0xfad45e47083e4607302aa43c65fb3106f1cd7607) + +&#x200B; + +&#x200B; + +Whitebit + +[https://whitebit.com/trade/HOGE\_USDT?fbclid=IwAR1t34X0e-dkmVjY8M5A7G4K14v\_eFHEBmcPX0K55uEU6nDivSe7CJ12la4](https://whitebit.com/trade/HOGE_USDT?fbclid=IwAR1t34X0e-dkmVjY8M5A7G4K14v_eFHEBmcPX0K55uEU6nDivSe7CJ12la4) +I figured I would share my story, as I have been a long time lurker but have made some progress in regards to my financial situation. About a year and a half a go my girlfriend and I moved across the country for better jobs. She had at the time $55,000 in student debt,and a car loan making $20/hr. I was making $15/hr with around $3000 in CC debt and my car paid off worth about $3000. We were living pay cheque to pay cheque for sure, not saving anything, worried to turn the heat on. + +She got a job offer $30/hr, full benefits, and unionized. After we talked it over we decided to go for it. I did not have a job lined up and ended up working in a restaurant making $13/hr for too long. We moved out in fall and my initial plan for work fell through. As time went on with moving expenses and not making enough money I ended up with $15000 in debt. I had to get a new car, got a loan for $3500 from the bank and got my trucking licence which set me back another $2600. + +I ended up getting a good job making $26/hr working for an environmental service company. Anyways I feel like I am rambling on here. Over the first 6 months of that job I paid off all of my CC debt around $10000 and helped my GF finish off one of her bank loans by giving her $5000. I know have $3800 in my checking account and $1050 in my TFSA. I still have my car loan from the bank sitting at $3200 and have only paid $156 in interest over the first 6 months. I figured I would just keep paying my monthly payments $75 and give myself some time to save up my emergency fund. + +I guess I have some questions slash am looking for advice if anyone see's this as I have never been in a situation where I can actually save money. My plan is to Set up my emergency fund in my checking account for know. I will be eligible for my companies RRSP plan come july, and they match %50 up to %3. So I plan on maxing out their match contribution. Anything else I plan on putting in my TFSA. + +Ya this has been on my chest for awhile and I just feel pretty happy with myself for clearing off $15000 in 6 months. If anyone does see this, I did some calculations and will make $60000 after taxes with overtime this year. I made $33000 after taxes in the first 6 months with the company. My monthly expenses total up to right around $1500. + +Edit 1: I had some beers last night and failed to mention some important information. 2 months prior to getting my current job I made 10k helping a farmer seed. I lost a lot to taxes as I made 7k in one month. I was then out of work for another month before I found current job. + +Edit 2: I would just like to thank everyone for their advice I have learnt a lot from this community. + + +I can't find the original post unfortunately, but someone had downloaded the MOT pass data from [gov.uk](https://gov.uk) and created a little graph showing MOT pass rates over time. They only did it for the Ford C-Max though, and I thought data like that would be useful for people looking at buying any second hand car. So I created [ratemyride.info](http://ratemyride.info) which aggregates around 40 million MOT results from 2017 into nice little graphs like this one: + +[http://ratemyride.info/assets/img/fiat-500-graph.png](http://ratemyride.info/assets/img/fiat-500-graph.png) + +I hope you find it useful and happy to get feedback on the idea too! +TL;DR: The algorithms that work to maintain the value of algorithmic stablecoins like UST also function as death spiral convertible bonds. Exactly the same way. But really, read it all. +