diff --git "a/reddit_finance_43_250k_231.txt" "b/reddit_finance_43_250k_231.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_231.txt" @@ -0,0 +1,10000 @@ +Many of you will have seen u/MovieUnderTheSurface's [DD from last month](https://www.reddit.com/r/Superstonk/comments/u50zhv/death_spiral_convertible_bonds_another_missing/) on death spiral convertible bonds. If you haven't, I would strongly recommend reading it but you don't need to in order to understand this post. I'd also recommend taking a look at [my post](https://www.reddit.com/r/Superstonk/comments/umx0gr/ust_the_stablecoin_that_lost_its_peg_bigtime/) from the other day about UST and its potential correlation to GME. The TL;DR of that post is that UST has unpegged multiple times before on significant dates for GME, including apparently participating in the sneeze. Since that post, LUNA has gone to 0. + +* **Intro to stablecoins** + +Stablecoins are a type of cryptocurrency that are designed to always stay the same value. Some of them track the price of gold ("being pegged to gold"), some of them track various foreign currencies, but a lot of them track the good old USD. Since cryptocurrencies are traded on the open market, there would be all kinds of natural pressures that would slowly shift it off peg. Different stablecoins use different mechanisms to counteract this. Some of them, like USDC, are fully collateralized, meaning that for every coin in circulation, the issuer has $1 of hard collateral reserve and thus the value of the coin is closely tied to the value of the assets. Others, like USDT, Tether, are "fully collateralized" with what is *definitely totally not Evergrande bonds*, but that's [another story](https://www.reddit.com/r/Superstonk/comments/qr7cow/tether_the_nuclear_bomb_that_hides_the_chinese/). + +* **UST, LUNA, and Death Spirals** + +UST is a third type, an algorithmic stablecoin ("algostable"), which are designed to maintain their value through some other means, often through a relationship with another token. In the case of UST, the corresponding token is LUNA. The way that UST maintains its value is that, at any time, you can burn $1 worth of LUNA for 1 UST, or you can *burn 1 UST for $1 worth of LUNA*. You see where this is going? + +>A death spiral convertible security is similar to a normal convertible security, with one key difference: instead of getting X number of shares, I get X dollars paid in shares. + +So, if UST were to fall below its peg, you would be able to buy UST and immediately burn it for more value in LUNA than you just paid for it. Then you sell the LUNA on the open market, driving the price down. Rinse and repeat, but now LUNA's price is lower so you get *more*. To make matters worse, UST is essentially collateralized by LUNA, so as the value of LUNA crashes, it becomes harder and harder for UST to get back up to its peg and break the cycle. This then leads to runaway inflation of LUNA. A week ago, there were about 350M LUNA, by the end there were over 6.5T(!!!) a 20,000x dilution. And, as if all that wasn't bad enough, whoever engineered the crash was also likely short selling into it before and during. + +This is the *exact* mechanic that makes death spiral convertible bonds so dangerous. Only this time, it's crypto investors buying the death spiral instead of failing companies. I am actually shocked with how close this parallel is, to the point that I can't believe this is an accident. So, if this were some sort of intentional plot to create bagholders by selling death spirals directly to retail, surely there would be shills, right? + +* **The Shills** + +In this case, I'm looking through the coinmarketcap comments sections for UST and LUNA. This page is the first result on google for these coins, and so would likely be targeted by shills if a shill campaign were in progress. Just like we see with other shill campaigns (*cough cough popcorn subreddit was created on 1/27/21 cough*), there are attempts to co-opt ape style language and emojis all over. + +There are the badly coded bots, like [this bot which apparently failed to pull the price numbers](https://i.imgur.com/mqIaZvH.png), rendering the message [hard to even understand](https://i.imgur.com/ldAgikb.png) at first. I suppose this could also be an extremely lazy copy paste, but the point is the same. + +There are the [painfully obvious political bait posts.](https://i.imgur.com/ZndvDcF.png) [So so many of them.](https://i.imgur.com/8rBPy29.png) [How is he possibly relevant to UST?](https://i.imgur.com/FMQlVGr.png) + +[Then there are the bald-faced lies.](https://i.imgur.com/LO5ov8H.png) The minting of LUNA tokens *cannot* be stopped because they are freely interchangeable with UST. This process *always* values UST at $1, even if it has lost its peg. This, ironically, is supposed to ensure UST stays on peg. As long as UST is off peg, massive amounts of LUNA will continue to be minted as people buy UST for pennies on the dollar and convert it to a whole dollar of LUNA, *no matter how low LUNA's price is*. This process cannot be stopped except by UST restoring the peg, and that's not happening before they both go to 0. + +[Absolute pants on fire.](https://i.imgur.com/4p4n0hj.png) You can check any other resource to confirm, but here's [coindesk showing supply in the trillions](https://www.coindesk.com/price/luna/). + +[This is the opposite of the truth.](https://i.imgur.com/b1sU5K7.png) One cannot recover without the other. + +[No, no it isn't.](https://i.imgur.com/JUqZCCv.png) + +And on and on and on. I think I've seen my fair share of shilling in these [84 years,](https://i.imgur.com/DGEoPl3.gif) and these comments sections are a dumpster fire of shills. [Take](https://coinmarketcap.com/currencies/terrausd/) a [look](https://coinmarketcap.com/currencies/terra-luna/) yourself, and you'll see even more blatant shills if you sort the comments by newest instead of best, or look through the sub-comments on some of the top rated ones. + +* **The Bottom Line** + +It sure looks like someone decided that selling death spirals to failing companies wasn't good enough, they wanted to sell them to retail too. And through the (dark) magic of cryptocurrency, their dreams were made manifest. How shocking that there are already rumors Citadel is involved in crashing UST/LUNA. +I'm seeing all this bullshit about the "bystander effect" with everyone registering. The _fuck_? Don't y'all know: + +- Between [this post](https://www.reddit.com/r/GME/comments/pznp1b/be_the_change_you_want_to_see_in_the_world/) and [the update 10 hours later](https://www.reddit.com/r/GME/comments/pzwli5/float_chart_guy_is_already_back_with_update_2/), seems like apes are registering at a rate of 2,500 an hour (they update every 25k increase). + +- At an average of 10 shares / ape being registered, that's **1,000,000 shares every 40 hours**. High AF so pls check my math LOL. + +- But anyways **at an average of 100 shares being registered per ape, the 63M float will be locked up in <10 days** (and it might take some of y'all that long to even _get_ registered) (this does not account for transfer time) + +- I'm too high to find the link but I also saw some shit where a ComputerShare employee accidentally leaked that GameStop actually _is_ gonna do an NFT dividend. **IF THE FLOAT IS LOCKED UP IN DRS, DO YOU THINK YOUR BROKER SHARES WILL GET A _UNIQUE_ DIVIDEND?** SPOILER: >!l'mayo no!< + +Anyways if y'all aren't FOMO DRSing I think we're not reading the same shit here lol + +_____ + +Edit: So I'm seeing shit in the comments about this being FUD about broker shares "not counting". I'm not saying that shit & I still have shares in other brockerages (diversivied lol) and fuck me this weed's good anyways this is about NFTs I'm pretty sure you can sell your shit on reputable brockerages during MOASS k? + +edit 2: like seriously don't y'all want *the* MOASS NFT dividend? Like either DRS will lock up the float (making dividend proof of DRSing & contributing to MOASS), or NFT will trigger MOASS (making NFT itself a piece of the MOASS trigger). Like that's gonna be valuable to a lot of new billionaires IDK +Me and my fiancé talked and we agreed on this decision. Though I feel so sad now. I don’t have nearly as much btc as I use too. And getting back to these levels seems almost impossible. Tell me I made the right decision. +TCEHY stock tumbled -6.8% today from before. WeChat , a social media platform is owned by ***Tencent ($67.65 -$4.92)*** a social media and text service for over 1 billon users a month can be banned. Its Wechat money is often used for fund transfer can be affected in North America. + +[Trump issued executive orders Thursday night banning “transactions” with the Chinese owners of the TikTok and WeChat apps starting Sept. 20.](https://www.marketwatch.com/story/trumps-order-against-wechat-owner-tencent-could-have-huge-implications-for-us-companies-2020-08-06?siteid=bnbh) +I’ll be eligible for a full pension equivalent to about $80,000/year in today’s dollars when I retire. Assuming a SWR of 3%, that pension has a value of $2.6M. Would you add that value into your overall net worth? I’ll definitely be adding the annual payout to my SWR calculations for my passive income. +I work in a restaurant in California. I’ve googled CA law and can’t find where these numbers are coming from. + +It’s always been 1.5X in any other job I’ve worked. + +Is it possible they are taking into account my TIPS+HOURLY to calculate my hourly, and then hitting me with 1.5X. + +Just curious, not a bad problem to have. +Thanks + + +EDIT/SOLVED: +Thanks everyone for their help! This week we had many buyouts which we add a 18% auto gratuity/tip to. Normal weeks my ‘service tips’ are around 200-300. This week they were a little over $1,000 due to two buyouts. I worked 38 hours. +1000/38=26+15=41 x 1.5(ot) gives me the $62 and hour OT rate for this week. +The sub is flooded with meme crypto right now so I want to present you something with an actual user case. It was here on cryptomoonshots before, so I will reuse some of that content. + +The thing is - most coins presented here are in the middle of a huge price surge and it is very risky to buy them. iFund/UniFund just went through a very strong price correction. This is the best time to buy now, while the price is low and it shouldnt go anywhere lower. + +**Total Capitalization** \- $4,838,536 + +[https://www.coingecko.com/en/coins/unifund](https://www.coingecko.com/en/coins/unifund) + +[https://coinmarketcap.com/currencies/unifund/](https://coinmarketcap.com/currencies/unifund/) + +>[On the Unifund platform, which I wrote about earlier this week:](https://www.reddit.com/r/CryptoMoonShots/comments/lzojtn/unifund_ticker_ifund_is_a_platform_that_allows/) it is possible for anyone with brain and a little bit of collateral to protect against downside loss, to create a fund. UNIFUND is a *Decentralized Cryptocurrency Mutual Fund Trading Platform for the open creation of trustless social trading groups.* +> +>**What does this mean?** +> +>Well, Right now there are several people, many of them bigbrained DeFi geniuses, who are offering to manage your ETH for you, and by collecting several peoples ETH in one fund, they can employ different strategies to earn money on DeFi. +> +>**Why is this better?** +> +>Well, if you have 1 or 2 ETH and want to try out 5 projects that each have a chance of doing 100x over the next month, you will have to do so many transactions that during high gas events on Ethereum can significantly cut into your profits +> +>Also, there are autists in this market who are just waaaaaay better at trading than you. Put your ETH in their collateralized hands. +> +>**But couldn't I lose my ETH?** +> +>Yes, that risk always exists, however on Unifund, your ETH is backed by deposits in $iFUND, which protects against downside risk. Read more at their website. +> +>There is always crazy risk, this is DeFi, but if you don't ape all in on one project or fund, you're probably going to be OK. Basically, this is what we were promised by #DeFi, a way to build a trustless mutual fund, able to leverage pooled money and increase the rewards, reduce transaction fees, and let small fish come together and be sharks. +> +>Unifund is the reason that in 20 years there will be no such thing as **Vanguard**, **Fidelity**, nor **Franklin Templeton. The future is trustless decentralized creation and management of wealth.** + +[https://www.dextools.io/app/uniswap/pair-explorer/0x0054c61a19e307ddd3ff81746487d7526f8c4a76](https://www.dextools.io/app/uniswap/pair-explorer/0x0054c61a19e307ddd3ff81746487d7526f8c4a76) + +[https://unifund.global/](https://unifund.global/) + +[https://t.me/UnifundGlobal](https://t.me/UnifundGlobal) + +Quoted content thanks to /u/Ellikabindo +For the last 2 to 3 financial years I've made almost double the money my partner makes (last year about 108k vs 56k before tax). This is balanced by the fact that my partner owns an investment property without a mortgage, and uses all the earnings from this property to pay for our house's mortgage (plus some contributions from each of us). He also fully supported me during several months before I got a job here in Australia (moved here 6 years ago). + +Now that I am pregnant our income will be dashed for some time during mat leave. We have some savings that will help us manage and we live a relatively frugal lifestyle. For example: we only have one car and use public transport to commute, and a sillier one is that we bought a dining table for the first time this year after years of eating on the couch. + +I am also getting most baby related things as gifts or buying second hand for environmental reasons, but it makes the having a baby process a bit cheaper. Our biggest expense is the relatively recent mortgage of the house we live in, but we have about year's buffer for that (hoping not to use it all, only reserved for worst case scenario). + +I haven't decided how much leave I will take but I want to enjoy the baby as much as I can while still being able to afford it. My manager is about to make me a permanent employee so I will have decent job security in the years to come. + +We are planning to rent one of the rooms on airbnb, but that will be very difficult during the first few months of the baby. My partner is considering working extra hours while I'm on mat leave to compensate a little. + +I grew up really poor in my country of origin and it gives me a lot of anxiety having to "go back to poverty", even though this anxiety is a bit unrealistic. I do not value luxuries, but I value the freedom of having the money to buy things I need and never going without a food item or essential. People who grew up with less will understand this. + +Any suggestions for before and after giving birth to make the financial blow a bit softer? Any wfh easy to do thing that will generate a bit of income while on mat leave, or skills I could learn? +https://www.nbcnews.com/tech/tech-news/delivery-dilemma-americans-are-ordering-more-u-s-can-only-n1106426 + +There's only so many boxes that can be delivered in a day. + +Warehouse space is nearly full, with vacancy near an all-time low. Streets are crammed with delivery vans blocking traffic. City curbs are increasingly a turf war between delivery drivers and everyone else. Even grocery store aisles can feel crowded — at least, when staff for delivery services are scouring the shelves. + +Americans are demanding more deliveries, and as a result, many of the things needed for delivery are becoming scarce. And with many companies pushing to meet that demand, industry experts say the U.S. faces a problem — its infrastructure can only handle so many deliveries. +Hey, + +Long time lurker, hailer of the flowchart. I've seen a number of posts about '100k salary trap' or 'what to do now that I'm on 60k from 25k' and wondered if it was worth creating a new chart that alerted people to things they need to be aware of that might 'kick-in' after a certain threshold? + + +For example +0-21k salary - eligible for free school meals + +21-40k salary - blah blah blah + +40-99k - blah blah blah + +100k salary - pension trap etc... + + +Or have I not done enough lurking yet to understand that there really isn't that much difference? +Story time: My husband and I purchased our first home and day 1 set up auto-pay for the mortgage. We checked on the mortgage account 10 days after and it said "payment posted" on our borrower's portal so we thought it was all good. Then, come the end of the month we went to check our bank account and noticed the money had not been withdrawn. Called the mortgage company and they said the payment actually had not gone through so it was now late. They had not contacted or notified us that the payment had not gone through. + + +After a bit of headache we were able to correct the error. With 1 missed payment on the credit report my FICO went from 800 to 690. I asked if they would remove it from our credit report since, if they had notified us, we would have been able to fix the problem sooner and make the payment on time. They agreed and we just had to fill out a "credit dispute" form which took 5 minutes. Checked this morning and credit score is back up to 812. + + +TLDR; It is worth it to ask if unfair/incorrect information can be removed from your credit score, even if you have to do a little paperwork. +I started posting and actively participating in this subreddit around six months ago. I was into crypto years when I used to buy acid and hash off the darknet. And didn’t get back into crypto until earlier this year when I bought some doge. That’s right. Doge. And that’s what reintroduced me to the crypto space. + +I quickly realized it was indeed a memecoin and realized some profits on it as well. From there I did my research and diversified into other holdings. Which has been educational and profitable and hopeful for the future + +But since I started lurking and posting here I’ve seen this overriding sentiment of “fuck em I hope they lose all their money” and “they get what they deserve” and a general air of self-righteous neckbeardism and juvenile celebration of other’s misfortune. + +It’s a bad look. In life and online. Don’t do it. You can still have empathy for other people. Kindness is free. Being a self-righteous asshole doesn’t make you smart or better than anyone. It makes you a dick and makes this community look bad +About 6 weeks ago, I had a house fire. It consumed everything. I did my best to fight it, and when I failed at that, woke my friend up who was staying in a guest room, then gave my all for about 15 minutes to find my cats in the blaze. Ultimately got dragged away by the FD and taken to the hospital. I didn't even think about my bitcoin, as honestly, my cats were all I cared about. + +3 weeks earlier, I realized I had a stupid amount of money sitting in a wallet.dat file on my computer, and that I really really should put it on a hardware wallet. So I did. I bought a trezor, loaded it up with my BTC and most other coins I had, and put it in a fire safe: + +https://imgur.com/gallery/Z2eUs + +Here it is. Thanks Trezor. Your product is amazing. The house burned to the foundation, and the firesafe was externally destroyed, but despite the external appearance, inside was a toasted piece of paper with my seed words and this little guy. He was cooked from the heat, and sopping wet from the flood of water they poured on the house (nearest hydrant was a mile away and so it took an hour to start fighting it). + +On that day I lost literally everything. Everything I have ever owned in 33 years of life, and my cats. Since that time I've been emotionally devastated, and I'm working really hard on recovering from that. But because of listening to advice on this sub, I had a trezor in a fire safe. I didn't lose anything but some byteball/pivx/dash I had on my desktop computer I forgot to backup. 95% of my holdings since 2012 remain. + +Thank you /r/Bitcoin and thank you to the makers of Trezor. That little guy is tough as hell. I dont think its advertised as waterproof but I pulled it from an immersed box sopping wet. I let it dry and here is how it looked after when it worked. I now have two cloned trezors in different locations and a safety deposit box with my seed. Saving my bitcoin and this price rise has allowed us to pay for pretty much everything we need since the event happened. + +Please, do not offer any donations to me, I'm fine. If you want to support anything, support the Ferndale Cat Shelter. I'm the president of the charity. We take care of Detroit Strays. My cats had Guinness World Records and did charity events to raise funds for them. Now that they are gone, we lost that revenue stream for the charity. We accept bitcoin locally at the catfe for donations, adoptions and coffee but I wont post that info here. + +You'll know when you're there as our old address started with 1Catfe and our new address starts with 1CatCafe =) + +Took ages to offline hash that one out! + +Anyways, that's the story, thanks again /r/Bitcoin, you made the worst day of my life less terrible. + + +**Edit: Fireproof safe was literally a 40 dollar walmart special. Would only recommend getting water and fire proof in the future as some medicine I had in there was destroyed due to getting wet** +Pardon me if my question is too broad as it's my first post and I'm still getting used to all jargons. Was just curious about this observation and was wondering if its just me or are their deeper implications/strategies? +Is this all somehow data driven? + +EDIT: spellings +My current design job is pretty fun, working on a video platform. My team is pretty good, and it’s a low stress environment. The benefits are good like an unlimited vacation policy. However, this new opportunity pays $35k more than my current job. I am a single guy with 11 years of professional design experience. + +$35k more per year +No 401k match, I get 4% match now. +Two weeks of vacation, I have an unlimited vacation policy now. +Working from home, but I have to travel to different customer sites twice a month to NY, and SF. I commute 45 mins to work and back I at my current role. + +I have an offer being drafted, but I am not 100% on it, kind of nervous about it. + +Update 1: Some more details. I currently make $105k, and I am 32 years old. + +Update 2: I am in Orlando, Fl, 35 minutes from our crazy airport, and all the income is before taxes. +I (Buyer) want to cancel an offer to purchase but Seller refused to return the earnest money deposit ($5k). Please help. + +My plan was to purchase a home in Georgia as my primary residence, stay there for a couple of years then rent it out. I have an offer accepted on Monday 6/13 and the property has been listed as "**HOA Rent Restrictions: No**". In fact, Seller has rented out the property in 2020-22. So I went ahead submitting my loan application and it was approved and rate locked. + +Today, I received a letter from HOA saying that there's leasing restrictions ("**there is a Leasing Cap Amendment applicable to this property** ... "), so I informed the Seller that I need to back out from my offer and want my earnest money back. Seller refused. + +I worry about the leasing cap. If I couldn't rent the property out when I need to, I will have to pay mortgage+property taxes+utilities ($30k per year) for a few years while waiting to lease it. + +So, what are my options given the situation? I believe Seller has lied on HOA rental restrictions when they listed the property. Is there any chance I could have my earnest money back? + +Edit: Could someone recommend a real estate litigator at Atlanta, Georgia who can issue a demand letter for this issue? + +**Update 6/21: I'd like to appeal to have this thread reopened as my experience would be immensely helpful for new RE investors in this subreddit, and I'm deeply grateful for all your support.** + +**Today, I formally emailed the seller and the seller's agent pointing out they engaged in fraud by misrepresenting the HOA Rent Restrictions. I included a proof of evidence and asked my earnest money back. They totally ignored my request.** + +**Here's the response from the Seller's agent: "***... the cap has not been met yet. hence it is available for rent. This property was rented before as well for one year.***" The Seller's agent then re-listed the property with a price cut of $5k (= my deposit).** + +**I'm relocating from Florida to Atlanta, Georgia so I'd really appreciate it if you could send me the contact of an RE attorney at Georgia. Any suggestions are welcome. Please DM me If you have any thoughts or inputs.** +When online shopping, I would spend lots of time hunting for bargains, searching for coupon codes and ShopBack discounts to save a few bucks. + +But when out at a cafe or restaurant, I just order lots of food without considering the cost. + +Does anyone else relate? +[Official statement](https://www.federalreserve.gov/newsevents/pressreleases/monetary20220316a.htm) + +# **What is Reserve Requirement?** +- The total amount of funds a bank must have on hand each night in order to meet central bank requirements +- It is a percentage of the bank's deposits +- The nation's central bank sets the percentage rate +- This is real paper money that must be kept by the bank in a vault on-site or held in its account at the central bank +- **Cash reserves requirements are intended to ensure that every bank can meet any large and unexpected demand for withdrawals** +- Reserves also may be kept in the bank's account at one of the [12 regional Federal Reserve Banks](https://www.investopedia.com/articles/investing/061515/what-do-federal-reserve-banks-do.asp) + +# **What happens if a bank does not surpass its reserve requirement?** +- If the bank doesn't have enough on hand to meet its reserve, it borrows from other banks +- It may also borrow from the Federal Reserve discount window +- The money that banks borrow or lend to each other to fulfill the reserve requirement is called "federal funds" +- The interest they charge each other to borrow fed funds is the "feds fund rate" +- **All other interest rates are based on that rate** +- **The higher the reserve requirement, the less profit a bank makes with its money.** +- [Excellent source of info](https://www.thebalance.com/reserve-requirement-3305883) + +# **What is the significance of increasing the federal interest rate, and therefore reserve requirement?** +- Changing the reserve requirement is expensive for banks +- It forces them to modify their procedures +- This reduces liquidity in the market and slows down economic activity +- As a result, the Fed Board rarely changes the reserve requirement + +# **When has the fed changed te reserve requirement before?** +- The reserve amount has historically ranged from zero to 10% +- Here's the official website for the Federal Funds Effective Rate or [FRED](https://fred.stlouisfed.org/series/FEDFUNDS#0) +- During times of economic stress/growth the fed will often lower and raise interest rates to compensate for changes in the market + +# **Here's the kicker, on [March 26, 2020](https://www.federalreserve.gov/monetarypolicy/reservereq.htm) the Federal Reserve dropped interests rates to ZERO** +- That means banks did not have to hold ANY MONEY in a reserve bank overnight to cover their transactions overnight +- This was done in light of the COVID pandemic to prevent a market crash + +# **The Board of Governors of the Federal Reserve System voted unanimously to raise the interest rate paid on reserve balances to 0.4 percent, effective March 17, 2022** - [source](https://www.federalreserve.gov/newsevents/pressreleases/monetary20220316a1.htm). Below is the excerpt from the file + +- "Effective March 17, 2022, the Federal Open Market Committee directs the Desk to: + - Undertake open market operations as necessary to maintain the federal funds rate in a target range of 1/4 to 1/2 percent. + - Conduct overnight repurchase agreement operations with a minimum bid rate of 0.5 percent and with an aggregate operation limit of $500 billion; the aggregate operation limit can be temporarily increased at the discretion of the Chair. + - Conduct overnight reverse repurchase agreement operations at an offering rate of 0.3 percent and with a per-counterparty limit of $160 billion per day; the per-counterparty limit can be temporarily increased at the discretion of the Chair. + - Roll over at auction all principal payments from the Federal Reserve's holdings of Treasury securities and reinvest all principal payments from the Federal Reserve's holdings of agency debt and agency mortgage-backed securities (MBS) in agency MBS. + - Allow modest deviations from stated amounts for reinvestments, if needed for operational reasons. + - Engage in dollar roll and coupon swap transactions as necessary to facilitate settlement of the Federal Reserve's agency MBS transactions." +- This has led the DTCC to implement their changes as well + - Increasing settlement obligations fails of US Treasuries & Agencies to 2.75% and Mortgage Backed Securities to 1.75% - [source](https://www.dtcc.com/-/media/Files/pdf/2022/3/16/GOV1229-22.pdf) + +## **TLDR** +- The fed is making the banks pay their bills overnight, which prior to today they didn't have to pay a single dollar; this rate increase may umask and lead to infectious defaults of infamous banks and hedgies that have egregiously exploitated monetary policies during times of global distress, most recently the pandemic and now the looming Ukrainian war, to benefit themselves. They can go fuck themselves. + +**Buy. Hodl. DRS. Be kind** +Hello, + +I recently graduated with a Bachelors in Arts and Sciences (English) and was planning to move out of my parents house and finally be on my own. Unfortunately, over the holidays my father unexpectedly passed away. He was the only full-time worker in our household of now, 4. My mother is a stay at home mom and I have two younger brothers who are recent legal adults. + +My brothers have part-time minimum wage jobs like me, and were also attending community college. We're not sure what to do, everything seems so overwhelming, as we're still grieving over my father's passing. We rent the house we currently live in and my father left behind 3 cars he was making payments on. We pretty much have decided to take back 2 of the 3 cars, as we can not take on payments for all of them. + +I have some money saved to keep us afloat for the time being and I am trying to find a stable full-time job. My brothers are also looking for full-time jobs and will most likely have to drop out of school until we can get back on our feet. My mom hasn't worked in years and is not in the best health, especially after losing her husband. I'm just trying to figure out the best solution for us right now, but I just don't know where to start. + +My father was a veteran and did have some retirement money coming in that my mother will receive monthly, but it's not much and as far as I know he did not have life insurance. I think the VA has some benefits but it's just all so confusing I'm not sure if my mother even qualifies. We would like to buy a small house instead of throwing money away on rent, I'm just not sure how realistic that is. I have decent credit, I just don't have the proof of a stable income to maybe get a loan for a house. + +Does anyone have any tips or advice on how to proceed? We don't have family where we live so we're pretty much on our own. My mother's first language is also Spanish, so I have been trying to sort everything out for the family. Any suggestions would greatly help. +Hello. I'm starting investing using Degiro custody account from Finland and I have 20-25k euros to invest. I've never invested before. I'm 27 years old and time horizon is 15+ years. I have the following questions: + +1. I'm going to invest in accumulating ETFs. The yield shows 0% because it's accumulating but I would like to know what the accumulating yield is. Where do I find it? + +2. I'm looking at iShares Core MSCI World UCITS ETF accumulating as my main or possibly as my sole investment. The ETF has three different tickers: IWDA, SWDA and EUNL. Does it matter which one I choose? + +3. I gather bonds and emerging markets are usually recommended with that. I know the purpose of bonds is to reduce the volatility of the portfolio but I have very little knowledge about them. Which bond ETF should I choose, if I go for one? + +4. What's the general idea behind the emerging markets investment often recommended here? Looking at Vanguard FTSE Emerging Markets Index Fund ETF Shares (VWO) it hasn't recovered from the 2008 recession and has stayed basically the same since 2010. + +5. It's scary to plop down all 20-25k at once with all the recession talk and everything. If I don't dare to do that, how much should I put in monthly? 1k a month for example would have the money invested in about 2 years. +Hi All! + +I’m a 30m looking for some advice stepping into investing. + +**Here’s my situation;** + +I’m currently living and working in southern Spain with a gross income of €90k a year (next year 100k). (Yes, I am aware this is well above median here) + +My wife earns about 35K a year. + +Together we currently own 2 properties (both in Spain); + +&#x200B; + +1. 145k Beach apartment (130k mortgage, 121k left) It has about 600 euros monthly cost. We renovated it and converted it into an Airbnb which has been bringing in about 12k a year. +2. 340k house purchased just when the pandemic hit. 285k mortgage (276k left) & purchased with an additional loan of 60k (2.49% interest rate). We are paying 982 euros for the mortgage and about 778 euros for the loan until the end of 2023. + +We have an emergency fund of about 5 months in our bank account and in addition, the beach apartment has its own emergency fund of about 5k (which we don’t want to touch. only use for things like having an empty apartment for a year due to a pandemic🥲) + +I get paid in 15 instalments per year, which comes down to about 3600 euros a month + double paycheck in April, June and December. + +It is safe to say we are living pretty comfortably here in Spain but I want to tighten my expenses up quite a bit and I am wondering what my next steps should be to increase my wealth. + +I’m pretty set on investing in ETF’s using DEGIRO. Looking into VWCE and S&P500 at the moment. I’ve transferred €1000 as a start to the platform but have not put it on anything yet. + +I plan to transfer at least 1000 euro’s into this account every month with 3 months per year an additional 1000 euro due to double paycheck. So about 15000 a year for as long as my salary/job allows me to (10y+ hopefully). + +In addition to my own investment portfolio, my wife got excited as well and wants to do a joint account which I’m planning to do via interactive brokers. This will have a smaller amount of money each month where we match each others investment. Likely only about 200 euros a month in total. This excites me, as I like she's taking an interest in our future retirement plans. + +**So I have a few questions;** + +&#x200B; + +1. Should we pay off the 60k loan (46.5k left 2.49% interest rate) off completely first before starting to invest in EFT’s? My own feeling is that we can afford to do it side by side so why not? +2. Is there any disadvantage in having two separate portfolios (one personal, one shared)? +3. VWCE seems like a pretty safe bet, but I'm also keen to invest a bit in faster-growing EFT's. Is this a good idea? Or better to invest all into VWCE or similar for the next 10 years? +4. Is a 3rd property a good investment to look into? We could look into purchasing another apartment in the same building as our current one, renovate it and put it on Airbnb. It will likely gross around 12K as well in covid like times. Probably closer to 16k in a pre-covid year. I feel this potentially is too risky. +5. Should I look into using the profits of our Airbnb to pay off the mortgage? I keep hearing paying off a mortgage quicker is generally not a good move. Or perhaps invest into shared portfolio after income taxes. +6. Would love to hear any other thoughts people might have! + +Thanks for reading! +Hi, I am 25, an expat working in Germany and want to invest in a global ETF as a beginner. +My goal is to create a saving plan and invest in an ETF each month for over 10+ years. +I consider the following options: + +* Vanguard FTSE All-World UCITS (Acc) +* iShares Core MSCI World UCITS (Acc) 80% or 90% + iShares Core MSCI EM IMI UCITS (Acc) 20% or 10% + + +Which one would you prefer? Any other recommendations? +Should I start with distributing ETF rather than accumulating? AFAIK it won't make a significant difference in the long term. +Cheers, +Hi, I have 10k € that I would like to use to establish an emergency fund (maybe 3-4k) and I would like to invest the rest, and ideally not touch the money for at least 10-15 years. I'm based in Denmark currently, but I'm a Slovak national and I tend to move around a lot, so ideally the solution is not tied to Denmark too much. + +What are my options? Can you recommend specific funds and services that are suitable for my goals? For example, is degiro.eu any good? + +Thank you very much for your advice! +I have a question about the ETFs domiciled in Ireland. Look, I'm from the EU (Spain) and it's seems the best ETFs tracking US indexes are domiciled in Ireland, but it seems Ireland has a 41% tax on capital gains and dividens! What?! I want to make sure if that is only for irish residents or any European that buys them? Do you know something about this? Because in the other hand, a lot of YouTubers and people say Ireland ETFs are better for non-US residents because they have a lower dividend tax (15%) so I'm confused. I'm interested in the S&P500 and the Nasdaq. And Vanguard and Invesco European funds are domiciled in Ireland, so I want to make the tax right first. +Hello, + +I am a 25 years old and single. Last year I decided that I wanted to buy an apartment because I was in a very stable financial situation . I was approved for my mortgage with a low interest rate (2.59%) and got a brand new 3 room apartment for an amazing deal. + +Recently I started thinking about selling it to get a pretty substantial profit (20% or 50k euros which is a lot of money in my country) and invest it in ETFs and some stocks and every month invest 500 euros on top of that. That means also that I will get rid of the mortgage but I will be renting instead. Renting also will be around 10% cheaper compared to the down payment I make to my mortgage every month. + +The dilemma I am facing is that the deal was really good for the apartment but I have a feeling that selling it and investing the profit will be a better long term decision. What do you guys think would be the wiser decisions? +A frequent refrain here is that buy and hold is better than most option strategies. I think that people have short memories. The long term average is for the market is 9% and a lot of hot stocks have dived when a better competitor has come along. The market has had periods of over a decade between peaks (In Australia we only reached the 2008 peak again in 2019 which of course dived again in 2020). I'm happy to give up a couple of percent in a bull market, if I can outperform flat and bear markets. + +Unless if you are a better stock picker than almost every active fund manager ever, you will at best better the long term average by a couple of percent. + +A study done in Australia in 2012 found that a simple CC strategy on the top 30 stocks underperformed a bull market by 1.86%. Outperformed a bear market by 13.61% and a flat market by 3.77%. I wonder how much better other options strategies would do, + +&#x200B; + +[http://www.asx.com.au/documents/professionals/Buy\_Write\_Encyclopaedia\_August\_2012.pdf](http://www.asx.com.au/documents/professionals/Buy_Write_Encyclopaedia_August_2012.pdf) +Coinbase is currently PEGGING the BCH price at a suggested price 0.2 BTC on GDAX (yet is keeping any orders from filling for 7+ hours), which is preventing the two markets from resuming their natural growth, and has caused BTC to drive downward toward a $15,000 equilibrium. + +**Why has GDAX closed the BTC:BCH order books after opening them at @ 0.2 for so many hours?** Until it is released, Bitcoin will be held down to the $3000 price of BCH. The longer it stays there the more fearful the markets will become. Is this on purpose? + +They need to release BTC from BCH's price ASAP. + +- $3000 BCH : $15,000 BTC +- update 5pm: $3100 BCH : $15,500 BTC +- update 5:30pm: $3200 BCH : $15,900 BTC +- update 6:30pm: $3100 BCH : $15,500 BTC + +The peg continues... GDAX status (7 hours and counting): + +https://status.gdax.com/incidents/51pnkvm843hq + +**UPDATE**: GDAX has removed the peg. BTC:BCH is now back to 6:1, and the markets are recovering slowly. + +People, like it or not, we need to rally behind Bitcoin. It's NOT PERFECT, but it's the flagship we need right now to bring people into the crypto space. **No one is going to invest in a civil war**. We saw that this past week. I don't care how good BCH's transaction speed is right now, no one outside of crypto space gives a shit if we are divided. If BTC falls right now, it takes everyone with it. Look to the bigger picture. Our primary focus right now, like or not, is convincing people that crypto is here to stay. +Inspired by [this post](https://www.reddit.com/r/CryptoCurrency/comments/oen5zp/bought_top_20_coins_100_each_will_update_in_an/), I built a script to analyse if you DCA'd blindly in the top crypto coins vs. investing in BTC & ETH vs investing only in BTC since the beginning of 2015, how much would your total worth is. Here are the results. + +**Numbers & assumptions:** + +* DCAing takes place every week, on 1st, 8th, 15th and 22th of every month starting from Jan 1st 2015 and until July 6th 2021. +* Investments budget per week is $100. +* The weekly investment is divided equally on the coins invested in. +* This case study is ignoring stable coin investments. E.g.: investing in the top 5 coins means the top 5 coins excluding any stable coins. +* The analysis is assuming that you invested your money and never sold any coin till now. +* Total invested money over the whole DCA period is $31,300. +* Transaction fees are not included in the analysis. + +**Here are the results:** + +* If you blindly DCA into the top 1 coins (BTC), you will end up with **$1,102,104**. +* If you blindly DCA into the top 2 coins, you will end up with 4 coins (BTC, XRP, LTC, ETH) in your wallet and total worth of **$1,462,443**. +* If you blindly DCA into the **top 3 coins**, you will end up with 11 coins in your wallet, and a total worth of **$1,310,552.** +* If you blindly DCA into the **top 5 coins**, you will end up with 23 coins in your wallet, and a total worth of **$2,490,189.** +* If you blindly DCA into the **top 7 coins**, you will end up with 37 coins in your wallet, and a total worth of **$2,923,849.** +* If you blindly DCA into the **top 10 coins**, you will end up with 55 coins in your wallet, and a total worth of **$2,316,169.** +* If you blindly DCA into the **top 20 coins**, you will end up with 130 coins in your wallet, and a total worth of **$1,619,756.** +* If you blindly DCA into the **top 50 coins**, you will end up with 381 coins in your wallet, and a total worth of **$979,086.** +* If you had a glass ball and knew that ETH will be what it's today and you invested only in BTC & ETH, you will end up with 2 coins in your wallet (surprise), and a total worth of **$4,505,477.** + +**Some observations:** + +1. Although it was relatively easier to guess that BTC will be the #1 crypto coin back then, nobody would have guessed for sure that ETH will be #2, so betting on BTC & ETH only from the beginning would've been your strategy only if you know the future. (you are God). Based on that it's safer to say "I invest in the top X coins" instead of saying I only invest in coin X and coin Y. +2. Investing in altcoins in addition to BTC can increase your ROI considerably. Investing in top 7-10 coins tends to yield the most return in this case study (x3). +3. Based on #2, a crypto ETF (or a similar service from exchanges that allow us to buy in bulk) could give exposure to the top X coins while saving transaction costs considerably. + +If you want more details, here is what your wallet would look like in each case of the above: + +[https://drive.google.com/file/d/1-aRmJBZlb9azXHODN3WFkIVzwxepH3GV/view?usp=sharing](https://drive.google.com/file/d/1-aRmJBZlb9azXHODN3WFkIVzwxepH3GV/view?usp=sharing), [https://drive.google.com/file/d/12v45\_cy4hNSiEklZj042SDsgfnKObr4i/view?usp=sharing](https://drive.google.com/file/d/12v45_cy4hNSiEklZj042SDsgfnKObr4i/view?usp=sharing), [https://drive.google.com/file/d/1EwFvusdGrOVdagvXqAXrAw0BTUZmKowG/view?usp=sharing](https://drive.google.com/file/d/1EwFvusdGrOVdagvXqAXrAw0BTUZmKowG/view?usp=sharing), [https://drive.google.com/file/d/1R8hZs7IYED8ksjyera37gWJLzRzcPAXE/view?usp=sharing](https://drive.google.com/file/d/1R8hZs7IYED8ksjyera37gWJLzRzcPAXE/view?usp=sharing), [https://drive.google.com/file/d/1bRijSf8sZ9J3bIGBY-iiGAQjgbL-vPzu/view?usp=sharing](https://drive.google.com/file/d/1bRijSf8sZ9J3bIGBY-iiGAQjgbL-vPzu/view?usp=sharing), [https://drive.google.com/file/d/1k4ONNzFqXJ96t9S2xKR8SD88VSMBXYim/view?usp=sharing](https://drive.google.com/file/d/1k4ONNzFqXJ96t9S2xKR8SD88VSMBXYim/view?usp=sharing), [https://drive.google.com/file/d/1o\_7Nd8TcyfkVS2-OUAvStObUjk-x4j0c/view?usp=sharing](https://drive.google.com/file/d/1o_7Nd8TcyfkVS2-OUAvStObUjk-x4j0c/view?usp=sharing), [https://drive.google.com/file/d/1xIZv0DpMBO18LgHg-OFKo41WgHiYRFUf/view?usp=sharing](https://drive.google.com/file/d/1xIZv0DpMBO18LgHg-OFKo41WgHiYRFUf/view?usp=sharing), [https://drive.google.com/file/d/1yGKbXeS6DZic6A1PmM5sGA2A3CZOyzUp/view?usp=sharing](https://drive.google.com/file/d/1yGKbXeS6DZic6A1PmM5sGA2A3CZOyzUp/view?usp=sharing) + +I**MPORTANT NOTE:** This whole case study was a fun project and i was trying to answer some questions and thought to share it with you in case that would help you in any way. Also it's important to not that history does not dictate the future, so please take all of what I present here with a grain of salt. + +Much Love! ❤️ +My aunt is in the eviction process for a tenant who was always late on rent, but eventually paid. + +The system here is everybody moves on July 1st, so the inbetween people who either were evicted or new arrivals to Canada. + +I just bought a property in a c class neighborhood and am hopping to get top rent. + +My issue is having time to organise the renovation and tenant vists, I work full time. + +An idea would be the guy we are evicting was paying 1400 to be in a A class neighborhood, and I'm looking for 1200. He will be looking for a place ASAP, while having 2 court losses with rental board on his file. + +I just want a tenant till July, gives me time to find a proper tenant for July after like in may, when many people will be looking to sign for July. + +Would you risk this? Maybe I could charge a premium because of his record? + +Every month I don't rent costs me 650 starting in November + +Edit: will only go that route is very desperte, will try and find a quality tenant for fair value rent +# Daily Wrinkle Brain Think Tank + +Please keep this daily discussion limited to the stocks and $GME - i.e. stock movements, sharing information, peer review, news sharing, asking/answering questions, and so on. + +# Want to learn more? [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +If you see mistakes in the wiki, or need to contact moderators, [please send us a Modmail](https://www.reddit.com/message/compose?to=/r/Superstonk). + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +*Daily discussion threads are created at 4:00 a.m. EDT* +SOULJA BOY JUST TWEETED ABOUT MOONRISE AND THE #MOONRISEARMY, AND A ONE-OF-A-KIND DEX WAS JUST ANNOUNCED! + +&#x200B; + +Swap cash -> crypto WITHOUT an exchange or KYC!! this is fucking huge guys for the crypto scene and especially mainstream investors:[https://twitter.com/MoonRise\_BSC/status/1410153672663736320](https://twitter.com/MoonRise_BSC/status/1410153672663736320) + +And also, yes, Soulja Boy aka Big Draco tweeted to the #MoonRiseArmy earlier today: + +[https://twitter.com/souljaboy/status/1409963418920964098](https://twitter.com/souljaboy/status/1409963418920964098) + +&#x200B; + +this team has so much stuff in the pipeline, its honestly insane. + +&#x200B; + +MoonRise is currently doing what its meant to do - rising to the moon, checkout all that's happened in the #MoonRiseArmy in less than 1 week since its inception: + +&#x200B; + +💬 Telegram: [t.me/MoonRise\_BSC](https://t.me/MoonRise_BSC) + +📃 Contract: 0x7ee7f14427cc41d6db17829eb57dc74a26796b9d + +&#x200B; + +✅ One-of-a-kind DEX that allows cash -> BNB/$MoonRise swaps WITHOUT exchange or KYC, anywhere in the world + +✅ Soulja Boy & other global celebrities tweeting the #MoonRiseArmy + +✅ NYC billboard CONFIRMED (DETAILS IN [t.me/MoonRise\_BSC\_News](https://t.me/MoonRise_BSC_News)) + +✅ HUGE Chinese Btok ads going up now **(already a 1.5M PUMP in 10 minutes!)** + +✅ ID AUDITED today by DessertFinance (same guys behind BabyDogeCoin - $500M mcap) + +✅ Developer fully doxxed today, other team members too + +✅ 6000+ holders and growing quick (thanks to Chinese/foreign marketing) + +✅ 600k to 3M marketcap just today from all this news + +✅ CoinGecko listed 12 hours after launch, CMC in next 2 days + +✅ Dev team on 24/7 (literally) - super experienced marketing department as well + +✅ Exchanges coming soon + +✅ Japanese/Korean/Russian groups in the works + +✅ Partnerships being made ever single day from the team's non-stop work + +&#x200B; + +MoonRise is an improved fork of the wildly-successful EverRise token,with a suite of improved features and tokenomics. Community members will be able to participate in"Moon Shots" using the Whale Wallet's BNB. MoonShots will be activated at holder milestones during MoonRise's launch phase, but eventually will be controlled through a community-consensus based dApp. + +&#x200B; + +You all already know the EverRise drill: For those wondering about the contract. The whale is filled with $MOONRISE tokens through tax, the tax is payed for by the sellers/buyers. That tax is then sold by the whale to be converted into BNB, essentially not effecting the price because the tax was paid for previously by sellers/buyers. The Whale is only contracted to buy and burn and that is it, we cannot touch the BNB we can only adjust how much the buyback is set to! (everrise) + +&#x200B; + +👉 But here's what makes 🌛 $MoonRise 🌛 special. The team has implemented a "callMoonShot" function into the contract, which basically spends a voted-upon amount of BNB directly from the Whale address, to pump into the market. You can view live countdowns to these pumps (currently based off of wallet holder milestones) on the website: [https://MoonRiseCoin.com](https://moonrisecoin.com/) + +&#x200B; + +🖥 Website: [https://MoonRiseCoin.com](https://moonrisecoin.com/) + +🗣 Announcements: [t.me/MoonRise\_BSC\_News](https://t.me/MoonRise_BSC_News) + +💬 Telegram: [t.me/MoonRise\_BSC](https://t.me/MoonRise_BSC) + +💬 Telegram \[CN\]: [t.me/MoonRise\_BSC\_CN](https://t.me/MoonRise_BSC_CN) + +There are also Korean, Japanese, Arabic, and other foreign communities being made! + +🐔 Twitter: [twitter.com/MoonRise\_BSC](https://twitter.com/MoonRise_BSC) + +&#x200B; + +🤑 Presale filled in 3 seconds - faster than EverRise! + +📃 Contract: 0x7ee7f14427cc41d6db17829eb57dc74a26796b9d +Guten Tag to all of you Great Apes across the world! 👋🦍 + +Another sideways day on ridiculously low volume! Our Diamantenhände didn't falter, but I'm sure the number 210 is going to be remembered until at least Friday. Reverse-repos set another new record - $991b! And last, but certainly not least, RC tweeting sparked a sudden and intense interest in bricklaying and masonry. Bullish! Let's see where the German markets take us on this first day of July! 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: **$213.80 / 179,53 €** +- ⬜ 115 minutes in: $213.71 / 179,45 € +- 🟥 110 minutes in: $213.71 / 179,45 € +- 🟩 105 minutes in: $214.09 / 179,78 € +- ⬜ 100 minutes in: $213.94 / 179,65 € +- 🟥 95 minutes in: $213.94 / 179,65 € +- 🟥 90 minutes in: $214.03 / 179,72 € +- 🟩 85 minutes in: $214.30 / 179,95 € +- 🟩 80 minutes in: $213.94 / 179,65 € +- 🟩 75 minutes in: $212.52 / 178,45 € +- 🟥 70 minutes in: $207.93 / 174,60 € +- 🟥 65 minutes in: $212.22 / 178,20 € +- 🟥 60 minutes in: $214.66 / 180,25 € +- 🟩 55 minutes in: $214.72 / 180,30 € +- ⬜ 50 minutes in: $214.69 / 180,28 € +- ⬜ 45 minutes in: $214.69 / 180,28 € +- ⬜ 40 minutes in: $214.69 / 180,28 € +- 🟥 35 minutes in: $214.69 / 180,28 € +- ⬜ 30 minutes in: $214.96 / 180,50 € +- 🟥 25 minutes in: $214.96 / 180,50 € +- 🟥 20 minutes in: $215.37 / 180,85 € +- ⬜ 15 minutes in: $215.64 / 181,07 € +- ⬜ 10 minutes in: $215.64 / 181,07 € +- 🟥 5 minutes in: $215.64 / 181,07 € +- 🟩 0 minutes in: $215.70 / 181,12 € +- 🟩 US close price: $214.14 / 179,81 € *($214.15 / 179,82 € 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 1.19089584. I created a simple C# application that assists me in scraping this data and updates the post automatically. + +Today I continue testing of 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. Last 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! +For me it’s RR. People always preach about having 1:10 or 1:25 RR trades but in reality, they are partialing along the way and it makes it seem like they are catching 10-30% per trade when in reality it’s still the same as if people were just using 1:2 R trade and risking 1% because at the end of the day it all really comes down to % gain. +Hey everyone! + +Since a lot of new people have started joining the sub I'm guessing they're fairly new to Forex trading. + +I thought it would be good to highlight major mistakes people have made in the past, so that new traders don't do the same! + +Here are my 3 in no particular order: +1. Creating a solid trading plan which fits into my lifestyle (longer term trading works out better for me because I don't need to stare at charts all day with other obligations) + +2. Not re-entering trades +(My stop should always be in a place where my hypothesis is no longer correct so re-entering is invalid) + +3. Not learning the impact fundamentals can have not only in the long term but to use it as a filtration tool so that I know which trades are higher odds. + +Thought maybe everyone could share their own experiences and mistakes so people can note them for future reference! +Hello, +I have been trading forex for a few hours everyday for 6 months. Have gone through the normal struggles that most traders go through. Unfortunately I’d say I’m stuck in Mark Douglas’ “boom & bust” cycle. I understand that being profitable does not happen over night. + My questions is, for those who have been able to consistently turn profit, how long did it take for everything to click. How many accounts have you blown and how much capital did you lose before turning profit. +Good afternoon r/dividends, + +Effective immediately, any post is subject to a 1 month repost ban. + +What does this mean in English? It means that you cannot post something already asked by another user within the past month. Posts that violate this policy will be removed with no warning. I won't ban anyone for this as I have given no advanced warning that I would be doing this. + +I am making this change due to the rise in posts that seem to be carbon copies of previous user posts. These don't really facilitate new productive discussions. Therefore, if you are going to post, please use the search button to check and make sure you aren't reposting something this community already discussed last week. + +As always, be sure to report any content that violates the rules. + +Thank you to everyone for your continued participation in r/dividends. + +Signed, + +Firstclass30 +Ladies and gents. Apologies for the wall of text but have copied from the telegram group. + +For once this is not a meme, it has a real use case and a fantastic looking website. + +I put all my bags in it. + +Have a look and let me know your thoughts. + +Could be a real moonshot. + +Launched today. Just slow movement so far. No pumps or dumps. + + +🌀 AXXA.AI is a smart service and neural network ecosystem that runs powerful trading on cryptocurrency markets. 🌀 + + + +📌 Roadmap: https://axxa.ai/#roadmap + +📌 Services: https://axxa.ai/#services + +📌 Pancake Swap Link: https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x30a2f5b205420438eB4C9365f845025D1d75417E + +📌 Liquidity Locked: https://dxsale.app/app/pages/dxlockview?id=0&add=0x44B411Ad7c858716c31C981BDC0e34E19218DbF0&type=tokenlock&chain=BSC + +📌 Chartex Link: https://metamorphosis.chartex.pro/?symbol=BSC_PANCAKESWAP%3AXXAI.0xb8b9749c69DF2777FDf9f3046432D4fE04442235&interval=1&theme=Dark + +📌 GoSwapp: Coming soon + + +✳️ TOKENOMICS + +▪️Token Name: XXAI +▪️Token Symbol: XXAI +▪️Total Supply: 1,000,000,000 XXAI +▪️IPO: 400,000,000 XXAI +▪️Pancake Swap: 120,000,000 XXAI +▪️IPO price: 0,0000025 BNB/XXAI +▪️Listing price: 0,000003 BNB/XXAI +▪️Rewards: 400,000,000 XXAI +▪️Marketing: 50,000,000 XXAI +▪️Team: 30,000,000 XXAI (Locked) +▪️Circulating Supply: 570,000,000 XXAI +▪️Unsold tokens will be burned + + +✳️ ADMINS + +👨💻 @edgar_axxa - SUPPORT +👨💻 @Emmanuel_BTC - SUPPORT +👨💻 @Matteo_zen - SOFTWARE ENGINEER +👨💻 @mehedea - SUPPORT +👨💻 @Jeff_Reymundus - SUPPORT +👨💻 @CryptoKing12345 - ADVISOR & MK +👨💻 @SuccessfulPr - SUPPORT + + +🚷 COMMUNITY RULES + +✔️ Only write in English in this group. +✔️ Users whose name contains any kind of promotion will be put on read-only mode. +✔️ Focus discussions on AXXA.AI. +✔️ No bad-mouthing, no name-calling +✔️ If you get a warning, respect it. +✔️ Share any relevant news and articles. +✔️ Do not ask for anyone to share any personal information +✔️ FUD - Instant Ban. + + +💻 OFFICIAL LINKS + +🔹Website: https://axxa.ai +🔹Docs: https://docs.axxa.ai +🔹Telegram: https://t.me/AXXA_AI +🔹Announcement channel: https://t.me/AXXA_AI_ANN +🔹Twitter: https://twitter.com/AXXA_AI +🔹Github: https://github.com/axxaai +**PREFACE** + +What's up, apes? I know you like pictures. And I know you like it simple. To be honest, I feel the same way. And it's possible that the information I'm about to present to you in the form of beautiful pictures and simple language has already been said in this or a similar form by u/Criand or u/gherkinit or so and I didn't really get it. It's quite possible. But when I saw a thread on Superstonk yesterday about Citadel's [massive call and put options](https://www.reddit.com/r/Superstonk/comments/quu6eo/citadel_has_18_m_shares_worth_of_gme_puts_and_21/), it suddenly clicked with me and the price movements - or rather, the quasi-non-existent price movement - of the last few months made sense. So I would like to present you my DD, which is probably a (simplified) compilation of the most popular theories so far: "The Death Star, Star Trek Voyager, Sun and Astronaut Fomo Theory". Just kidding. I'd call it **The Gravitational Force Theory -- or why we're already on the moon and it's about to explode**. We're already on the moon, you ask? Yes, we are. I'll explain. + + +**STATUS QUO** + + +Since mid-March, GameStop's share price has barely moved on average, although a massive number of shares were certainly bought up by private investors during this period and there was definitely buying pressure. I was always surprised by the high call and put volume. It is also relatively easy to continue to track (e.g. via [Yahoo Finance](https://finance.yahoo.com/quote/GME/options?date=1637280000), you can look at the option chains here yourself, the exact numbers are not necessarily relevant) that there is a very high put volume in the range of $1.50 or even $10, in any case far OTM. Likewise, there is quite high call volume (e.g. for strikes in the $800 or $950 or even $500 range), just as there is put volume far OTM. Meanwhile, it is hardly realistic that deep OTM options are bought in this volume by private investors. The options are also too expensive and the masses have meanwhile (also due to the non-existent price movement of the last months) focused on buying stocks and DRS - which in my eyes is the way to go! The question is ultimately, what is the point of those massive call and put options. Is someone actually betting that the stock will move in one of these directions? Or are these options being used to disguise short interest, as has long been the favored thesis? When I saw the extreme volume in Citadel's call and put options, it suddenly "clicked." The call and put volume is not a bet and in my eyes is not used to disguise short interest, it is simply there to keep GameStop's stock price stable. [I have of course prepared this for you in an appealing visual way; figure 1](https://i.imgur.com/gCsFV3L.jpg). Imagine the put volume as a huge massive planet and the call volume also as a huge massive planet. Buzzing in the middle is GameStop stock, the moon. All those who own GameStop stock, they're already there. Right on that moon. The call and put volume have such an exorbitant volume that retail investors buying shares hardly makes a difference. Most of the stock movement - or rather non-existent movement - is due to deltahedging, in our chart the tugging of the gravitational forces of the two planets. And since both masses are similar in size, quite little happens. + + +**WHY WERE THE CALL AND PUT OPTIONS SET UP AS A PRICE STABILIZER?** + + +This is an excellent question and we can all only speculate about it. It makes the most sense to me that at the end of January, when short interest was proven to be at least 226%, the necessary shares could not be bought in the required mass because the share price would have literally exploded. I agree with u/gherkinit's thesis (if I understood it correctly) that via future contracts the mandatory purchase of GameStop (and other so-called meme shares) was pushed into the future. Otherwise, the purchases in the quarterly cycle cannot be explained in my eyes. In other words: in some way it was agreed in the background that the necessary shares would be bought in the future. As a result, these shares are covered in the books, there is virtually no high short interest. How exactly these mechanisms took place in the background is actually irrelevant for us. However, the whole thing only works if the share price remains reasonably stable - or ideally falls. That was certainly a reasonable assumption at the time, and if I had been that deep in the shit, I would have handled it similarly. Let's be honest: who could have assumed that GameStop stock would hold at that level, or that shareholders would just keep buying regardless of price? The bottom line is that this is completely absurd and has broken the bet. If GameStop hadn't - unlike the other so-called meme stocks - pulled off or is currently in the process of pulling off an incredible corporate transformation (thanks Ryan Cohen at this point), then more shareholders probably would have sold - and everything might be working out. Well, unfortunately, it's not going to happen that way. + + +**THE QUARTERLY CYCLES (FUTURE PURCHASES)** + + +The share price of GameStop must be kept stable by the call and put volumes, so that at the time of the future purchases (quarterly cycles) the price is not exorbitantly high. That is, in my eyes, the only benefit of these options. If we go through the previous cycles, they always followed the same pattern: just before the cycle, the price fell continuously and at the time of the future purchases it was at $160-180 or so. In this range, volume rose sharply on the respective date and the agreed future purchases were made. The stock price was driven up significantly by these future purchases. [Of course, I have also prepared this visually for you; figure 2](https://i.imgur.com/icoQgrd.jpeg). Furthermore, what did we see at the end of the cycles? The price grew faster and faster from the $250 area and picked up more and more steam. Why? Because the huge mass of call volume took over and deltahedging (the gravitational pull of call volume) pulled the price in faster and faster. Does anyone else remember 03/10/2021? [When we touched the price of $350 and then abruptly broke down](https://www.reddit.com/r/Superstonk/comments/qaygj2/march_flash_crash_why_no_mention/)? The most common thesis was always that $350+ margin calls would occur for the short sellers and that's why a massive amount of put options were bought that day to cause a flash crash. **This makes little sense to me!** That would mean that a large number of hedge funds or short sellers would all happen to be defaults in that price range. That, if we play it out, is almost impossible. Margin calls are put based on other assets of the short sellers, this value should be different for every shortseller. [Rather, put volume was increased on the day to simply regain price stabilization; figure 3.](https://i.imgur.com/aJhWE3K.jpg) We saw a $350+ rejection twice, but that's not because margin calls would suddenly be made in that range, it's because delta hedging (gravitational pull of call volume) would pick up so rapidly that the price would be impossible to sustain for those who would have to make the future purchases. There was no threat of a short-term margin call, but simply a default at the next date of the quarterly cycles. Making the call and put volumes as a price stabilizer is expensive for those who have to make the future purchases, but certainly much cheaper than buying GME in the $1000+ range. + + +**WHERE DO WE GO FROM HERE?** + + +This thesis would mean that those who have to make the future purchases will continue to try to stabilize the price via the call and put options. It is illusory in my eyes that private investors can disrupt this imbalance via option purchases (even if it would be a good possibility in theory, as stated by u/Criand and u/gherkinit). In my eyes, the constellation of **1) futures purchases 2) NFT marketplace 3) FOMO** will shift the gravitational force so far in the direction of call volumes that balancing the put volumes is no longer sustainable to implement. [Of course, I have also visualized this constellation for illustration; figure 4.](https://i.imgur.com/bH5UZ3w.jpg) The problem for those hoping for price stabilization through call and put options will be that GameStop is going to become the hottest stock of the next months and years and with the launch of the NFT marketplace, GMEdd.com's Price Targets will become more and more realistic even for institutional investors. Price Targets of $10 or $20 (greetings go to Shitron) are becoming more and more absurd, shares are being bought in high volume and as a result equilibrium will no longer be achievable via put options. Accordingly, the price action in my eyes will very soon look like this (if my theory is correct): after the launch of the NFT marketplace, we will quickly accelerate towards $350+. Once again, in an act of desperation, massive amounts of put options will be bought, so there will be another attempt to stabilize the stock price via call and put volume. This again leads to a flash crash, but unlike the previous cycles, this will no longer be sustainable. The stock price will snap back like a pendulum, break through $350+ and race to the end of the gamma ramp ($950+) within a very short time (hello circuit breaker!). From then on, short sellers will have to buy their shares (there are still many millions of "official shorts" anyway, regardless of the possibly hidden short interest). It is not possible to reliably predict into which range we will then advance, but as soon as the equilibrium of call and put volume (the gravitational force that keeps the price stable) is broken, things will get wild. And when might that happen? My eyes are on next week. +>The tranche is comprised of about 1.7 million shares of Tesla, and would be valued around $775 million based on today’s closing market value. Shares in Tesla closed at $805.81 on Thursday, and the options have a strike price of $350.02. + +• • • + +>Tesla stockholder Richard Tornetta is challenging the compensation plan in a lawsuit against Musk and members of Tesla’s board. Tornetta alleged in the lawsuit that Tesla’s board breached its fiduciary duty by awarding Musk excessive compensation. + +https://www.cnbc.com/2020/05/28/musk-gets-first-tranche-of-multimillion-dollar-tesla-incentive-payout.html +Ethtrader should be celebrating ripples success. I, for one really hope it passes bitcoin because it actually has technology beyond store of value and can handle transactions. + +Let xrp do what xrp intends to do and vice Verza for ethereum, ether isn’t meant to be used by banks or as a general currency, they don’t have conflicting goals. + +And the whole “xrp is centralized so I hate it” is just dumb. Of course blockchain will have centralized applications, not everything (arguably can) will be decentralized and the more exposure blockchain technology gets, of any sort, will shed more people light to decentralized applications of it + +I’m seeing a lot of people here, /r/ethereum and /r/ripple pitting eth and xrp against each other and it’s really bothering me - Especially here because I generally take this as the lighter hearted and less toxic community, I’d prefer to keep it that way +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +https://finance.yahoo.com/news/disney-netflix-amazon-hulu-110653607.html + +Disney’s (DIS) new streaming service, Disney+, is set to launch later this November, but it’s already making waves throughout the entertainment industry. With a stellar lineup of proprietary movies and TV shows, not to mention Marvel and Star Wars content on tap, Disney+ has the makings of a surefire success for the entertainment juggernaut + +Of course, Disney+ will have some stiff competition in the current streaming king, Netflix (NFLX), as well as Amazon Prime Video (AMZN) and Hulu. Here’s how the four services stack up. + + +[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!* +Hello, I have made a throw away so I can give as accurate information as possible. + +My mom is 61 and has been retired for about 2 years. I don't know how much she had in 401K when she left the work force(I'm assuming $20-30K) but she informed me that she only has about $10K left. Here is her monthly breakdown: + +State: Ohio + + + +Liabilities: + +Mortgage(w/ escrow): $706.00 || She refinanced her house at some point and owes $43K + +Medical Insurance: $500.00 + +Prescriptions: $384.00 || due to heart attack and lung issues + +Groceries: $250.00 + +Gas: $50.00 (assumption) + +Utilities: $150.00 (assumption) + +No Credit cards or auto payments + +Rough Total Monthly Liability: $2,040.00 + + + +Assets- + +Car: $3-6K kbb private party value for "good Condition" + +House: ~$64k purchased in 2006, she owes $43K + + + + +Backstory: + +She retired early to take care of my Grandmother. Grandma passed away in October of 2017. My mother had a medical situation in December which now requires her to be on oxygen and a slew of medications which seems to severely restrict her from working. She cannot work and the state will not classify her for SSI benefits. I am not sure how much she owes on her house but zillow.com is roughly estimating the value at $99k which seems high for her neighborhood. + +She can't live with me because I live several states away and she doesn't want to leave her doctors and my grandmother's grave site. + +The car has to go through probate court before she can sell it because it belongs/belonged to my grandmother. According to her probate costs about $500.00. The car very well might be worth less because my grandmother was a chain smoker and I'm pretty sure she smoked a ridiculous amount in that vehicle. + +By my estimates, she will be flat broke before August. I would like to get her to sell the car which would hopefully buy her an extra month of living expenses. I would like to keep her in her house but I think that ship sank a long time ago. Are there any state (Ohio) programs that she could use to get help or at least carry her until she can dip into her social security benefits? Does Ohio have health insurance assistance programs for people like my mother? + +I would be very grateful for any ideas anyone has to offer. + + +**Tiny Update:** + + * I'm now looking into buying her house for what she owes so she can live in it mortgage free until she needs to go into assisted living or she dies (whichever comes first). Once she transitions out of the house I can clean it up and do a pseudo flip on the property and invest whatever profits into my retirement and my kids college funds. + + * I'm also going to look into reducing her medication costs and health insurance. I loosely calculated that she should be able to stretch her 401K for another 15-16 months in which case she'll be 62. On top of that I'm going to give her a push to look for work, any cash inflows right now will help her immensely. + + * And lastly, I'm going to advise her to file her disability claim again and see where that goes. I know it won't be a fast process but it might help her in 2-6 years when I can see her health being grim. + + +When considering if a person is high net worth, do you consider their joint income? For example, if one person makes 80k a year and their partner makes 170k, and they have over 1M in combined assets, are they both considered high net worth? I’m also wondering in the context of private client services that some banks offer if your accounts have more than a certain amount. Do they look at accounts only in your name or in both names if you’re married? Thanks. +I’ve been investing in Tesla since May 2019 at under $200/share pre-split. A year ago, I got introduced to options and decided to try it out. I got hugely lucky with timing. Here are my option plays that gave me the biggest returns (I had other smaller wins and a few small losses): + +Jan 15 171C **$11,400 -&gt; $585,650** + +Mar 16 $150C **$15,780 -&gt; $297,675** + +Mar 19 $240 **$17,160 -&gt; $774,300** + +**Total $44,340 -&gt; $1,657,625** + + +I exercised these all early. + +&amp;#x200B; + +https://preview.redd.it/jgcxjmlmyif61.jpg?width=886&amp;format=pjpg&amp;auto=webp&amp;s=14d1ce44d0b71546455cc8ba527b0366e4c1df59 + + +UPDATE 1: +FAQs since y’all ask the same god damn questions +- Why exercise instead of sell the contracts and just buy the shares? Because they were so in the money I would have had to pay massive short term capital gains taxes. +- when did you buy the contracts? 9-12 months ago. +- do you still believe in TSLA? Yes, it’s my biggest holding. It’s the most innovative company of our lifetime and will probably be the world’s most valuable company before the end of the decade. +- will you teach me options? No, read/watch everything you can to learn. +- what options are you buying right now? Basically none, all you degenerates have driven up the premiums and there are few good deals. I buy shares and I sell options on occasion. Only ~5% of my portfolio is options. +- what stock should I buy right now with my $38? I don’t give financial advice. Read my post history to see what I’m buying and decide if you like any of the ideas. + +UPDATE 2: + +To all the dudes Messaging me: follow me if you want to know my next play. I’m not going to Message it to the 250+ people who messaged me tonight. + +To all the ladies sliding into my messages: thanks for the kind notes. I like volunteering with puppies, sunset walks on the beach, and getting cat-fished. +Hey Guys whats up, this is my first analysis. I would like to get some feedback on it so give me your thoughts. + +# Core Business + +Google’s operations are divided in three categories: Google Services, Google Cloud and so called “Other Bets” consisting of several ventures including A.I., robotics, autonomous driving and pharmacy. As Google Services and Google Cloud generate >99% of Google’s revenue I won’t go into much detail on the “Other Bets” Category. + +## Relevant Acquisitions + +Through it’s acquisition activity google amassed around 250 acquisitions, expanding their research capabilities in fields like A.I., quantum computing and robotics. Below the most important ones are summarized. + +**Youtube** + +The most famous one of all Google acquisitions. Purchased in 2006 for 1.65 billion dollars Youtube has risen to world wide success and an unchallenged standing almost as relevant as it’s parent company. With revenues as high as 28,8 billion dollars (2021), it generates over 10% of Google’s revenue. It has proven to further expand their earnings-power besides ads with it’s Youtube Premium and Music subscription, which according to Alphabet was the major contributer to an increase of $6.3 billion in Google’s “Other Revenues” (1). + +**DoubleClick** + +DoubleClick was an ad service provider, who worked with advertising agencies and served major brands like Coca-Cola, GM and Microsoft. After it’s acquisition in 2008 for $3.1 billion lots of customer relations and technology was integrated into Googles ad business. In 2018 Google announced it’s plan to rebrand all ad platforms and merged DoubleClick with Googles own ad platform into the new Google Marketing Platform (2). + +**Motorola Mobility** + +When Google acquired Motorola in 2011, the company was struggling to gain a foothold in the smartphone business and reported the fifth straight quarter of losses. The company cost $12.5 billion dollar, Google’s largest acquisition, and was motivated as a strategic move to increase Google’s patent ownership and defend the Android operating system. After closing the deal Google sold parts of the business to Arris Group for $2.35 billion and led the smartphone division to success through a focus on high-quality entry-level smartphones. In 2014 Google sold Motorola for $2.91 billion, while keeping a major part of the patents. (3) + +**Mandiant** + +Google announced that Mandiant would be acquired in March 2022, to get integrated into the Google Cloud division. + +**Fitbit** + +Fitbit, a producer of wearable technology was acquired by Google in January 2021 and integrated into it’s hardware division. + +**Nest Labs** + +To expand it’s home automation business Google acquired Nest labs in 2014 for §3.2 billion and merged it with the Google Home brand in 2018 to create Google Nest. + +## Industry Enviroment / Competition + +**Advertising** + +Through it’s search engine and Youtube, Google generates significant revenue with advertisment campaigns for it’s customers. It is unchallenged with a market share of 92% for it’s search engine and Google Chrome leading the browser market with 65% (4). Competition in it’s most relevant business is almost irrelevant for it’s earnings power and market position as most major players (Microsoft with Bing, Yahoo) have failed to attack it. + +**Google Cloud** + +In the highly competitive cloud computing industry Google competes with giants like Microsoft, Alibaba and Amazon. It isn’t in a leading position, but increased it’s market share from 5% (2017) to 10% (2021) with only AWS and Microsoft Azure above. (5) (6) + +## Income Statement + +## Revenue Growth + +Google’s revenue has increased by an average of 21% annually in the last 10 years. With Growth accelerating in the past 5 years (23,3%), the question should be if similar growth can be expected in the future. + +Google’s main business of advertising stands as strong as we have discussed above and with more digitilization and e-commerce growth not slowing down the market for it’s search engine and it’s ads will continue to grow. Growth projections in that business reach from 11% to 15%. (8) (9) + +As Google Cloud has gained more market share in the last years and has grown it’s revenue by more than 40% on average, it’s safe to say that it will grow at least as much as the overall cloud computing industry if not more. In a recent market research report a Compound Annual Growth Rate (CAGR) of over 16% was forecasted until 2026. We will take that at face value for our worst case scenario and will add to it as in a best case scenario, Google will gain more market share. (10) + +## Cost Development + +**Costs as a Percentage of Revenue (Table 1)** + +||2016|2017|2018|2019|2020|2021| +|:-|:-|:-|:-|:-|:-|:-| +|Cost of revenues|38,92%|41,12%|43,52%|44,42%|46,42%|43,06%| +|R&D|15,45%|15,00%|15,65%|16,07%|15,11%|12,25%| +|Sales and Marketing|11,61%|11,63%|11,94%|11,41%|9,83%|8,89%| +|General & Admin|7,74%|6,20%|5,94%|5,90%|6,05%|5,24%| +|European fines|0,00%|2,47%|3,71%|1,05%|0,00%|0,00%| + +**Cost Development as a Percentage of Revenue (Table 2)** + +||2016|2017|2018|2019|2020|2021| +|:-|:-|:-|:-|:-|:-|:-| +|Cost of revenues||5,64%|5,85%|2,06%|4,51%|\-7,24%| +|R&D||\-2,94%|4,39%|2,68%|\-6,02%|\-18,90%| +|Sales and Marketing||0,13%|2,64%|\-4,44%|\-13,81%|\-9,55%| +|General & Admin||\-19,88%|\-4,19%|\-0,65%|2,61%|\-13,40%| +|European fines|||50,17%|\-71,71%|\-100,00%|| + +**Cost Development in general (Table 3)** + +||2016|2017|2018|2019|2020|2021| +|:-|:-|:-|:-|:-|:-|:-| +|Cost of revenues||5,64%|5,85%|2,06%|4,51%|\-7,24%| +|R&D||\-2,94%|4,39%|2,68%|\-6,02%|\-18,90%| +|Sales and Marketing||0,13%|2,64%|\-4,44%|\-13,81%|\-9,55%| +|General & Admin||\-19,88%|\-4,19%|\-0,65%|2,61%|\-13,40%| +|European fines|||50,17%|\-71,71%|\-100,00%|| + +In recent history Google was able to decrease different parts of it’s costs effectively, thus increasing profitablility. Cost of revenue is made up of \*\*\*\*traffic acquisition costs (TAC) and other revenue costs. **TAC** consists of payments made to traffic distributors, giving Google the platform and audience to advertise for it’s clients. + +Other revenue costs consist of licensing fees for **acquired content** sold on YouTube and Google Play, expenses in it’s **data centers** and costs related to Google’s **hardware business**. + +**Composition of cost of revenue (COR) (Table 4)** + +|Cost in ($ Mio)/Year|2020|2021| +|:-|:-|:-| +|TAC|32,778|45,566| +|Other COR|51,954|65,373| +|Total COR|84,732|110,939| + +With past cost development it’s important to use the studied data to make forecasts into the future regarding revenue, cost and profit development to feed our DCF model. We will look for patterns in which relation costs follow growing revenue. With the following table I will try to point that out. + +||2013-2014|2014-2015|2015-2016|2016-2017|2017-2018|2018-2019|2019-2020|2020-2021|Average| +|:-|:-|:-|:-|:-|:-|:-|:-|:-|:-| +|Revenue Growth|18,88%|13,62%|20,38%|22,80%|23,42%|18,30%|12,77%|41,15%|21,42%| +|COR|16,81%|9,63%|24,76%|29,73%|30,64%|20,73%|17,85%|30,93%|22,64%| +|R&D|37,76%|24,92%|13,56%|19,19%|28,84%|21,47%|5,98%|14,47%|20,77%| +|Sales and Market|24,06%|11,27%|15,89%|22,97%|26,68%|13,05%|\-2,81%|27,67%|17,35%| +|General&Admin|32,02%|4,87%|13,84%|\-1,62%|18,25%|17,54%|15,72%|22,24%|15,36%| + +The cost of revenue has trailed revenue quite close and I expect it to continue to be around 40-43% of all revenue. R&D expenses have risen with revenue but have slown down in recent years. It’s not attached to revenue growth directly, but we will assume a small average growth of 10% for the upcoming years as the R&D expenses are already high enough to guarantee Google to be a potential player in all upcoming high-tech industries. Further reductions in the SGA expenses relative to revenue is possible with revenue outpacing those costs, as it has been seen in the past. Still we will assume it too be just stable to have a more conservative approach. + +## Balance Sheet + +## Debt Level + +Google’s long term debt is almost non-existing with $15 billion. It’s earnings were >$70 billion in 2021 so it’s debt could have been paid off with just 20% of that. The company also hold’s $21 billion in cash, which makes debt for the valuation almost irrelevant. + +## Capital Intensity + +As Google’s business needs large amounts of land, offices and server infrastructure. Aside from large marketable securities positions, most capital is tied up in purchased land, offices and information technology assets like server farms. The company is determined to expand it’s position in that area, which will result in rising capital expenditures for both new offices and new IT assets. (1) + +## Liquidation Value / Tangible Book Value + +To calculate the Tangible Book Value I will use the most recent book value and exclude all assets I think are intangible. TBV calculation in $billion: + +|Book Value|254,004| +|:-|:-| +|\-Goodwill|\-23,010| +|\-Property and Equipment|\-104,218| +|\-Other non-current assets|\-5,778| +|TBV|120,998| + +Note: I didn’t exclude smaller positions as it would make the formular unnecessarilly large with no real effect. It’s also quite reasonable as normally the Property and Equipment of Google of cause could be sold for at least a fraction of the audited value. + +Google has a TBV per share of: $120998 million / 673.22 million shares = $179,73 per share + +## Cashflow Statement + +IT assets generally have a high turnover frequence which results in short depreciating periods (4-5 years). The replacement makes up a large portion of the $24.6 billion of capital expenditures, which are needed for the business operation. + +Still Google has great liquidity through it’s short-term marketable securities and it’s large cash reserves. + +With almost over $60 billion dollar of free cashflow, Google used most of it ($50 billion) to make stock repurchases. Still the company has only really started to do repurchases in the last 4-5 years and because of it’s high valuation the amount of shares outstanding has only decreased by 5% in 3 years, which is quite a disappointment (11). $15 billion were paid in stock compensation and to account for that we won’t add it back into the DCF-valuation even though it’s a non-cash expense. + +## Other + +## Insider Trading / Ownership + +Insider Trading has no significance for Google as high management only sold insignificant portions of their ownership. (12) + +The founders Larry Page and Sergey Brin still have small stakes in the company of around 3% each, even though they slowly continue to sell them off. There is also no insider with a significant stake in the company. (12) + +## Risks + +* Lower advertising spending by customers +* Google’s value for it’s customers could decline +* Competition disrupting the occupied markets + +## DCF Model + +Summary of the Assumptions made: + +* The revenue of Google Services will increase with the projected growth of the overall market of 11%-15%, which is conservative as parts like Youtube are growing at much higher rates +* Google Cloud’s revenue has increased at an annual growth rate of over 40%. In a worst case scenario it will grow at a CAGR of 16% in line with it’s industry projection, but there is a real possibility of it to accelerate at the current rate until it has gained enough size. Our worst, base and best case projection will still stay conservative at 16%-24$ +* As COR is staying volatile around 45% of revenue we will assume it to stay at that level +* R&D will rise around 10% every year unrelated to revenues +* SGA (sales, general, administration) expenses will stay at the current level of 14% relative to revenues and won’t decrease any further +* capital expenses have remained quite stable at around $24 billion dollars. We will still assume an increase of 10% per year as in the most recent 10-Q report the capex has risen by over 40%. +* Depreciation rises at CapEx rate +* 2021 is not an outlier +* Share repurchases will range between 2-5% per year, as those are highly dependent on the share price + +We will use a projection of the next 15 years to determine Google’s fair value in 3 scenarios at a **discount rate of 8%** + +||Worst Case|Base Case|Best Case| +|:-|:-|:-|:-| +|Google Ads CAGR|11%|13%|15%| +|Google Cloud CAGR|16%|20%|24%| +|COR|45% of total rev|“”|“”| +|R&D CAGR|10%|“”|“”| +|SGA|14% of total rev|“”|"”| +|CapEx and Depreciation|10%|“”|"”| +|Share repurchases|2%|3,5%|5%| +|Fair Value|$1690|$2518|$3805| + +I would consider te base case to be highly plausible as past growth has indicated much higher growth rates. Of course it’s up to you to choose your margin of safety, but I will consider to pick up some shares if Google falls below $2000. + +## Sources + +(1) [https://www.sec.gov/Archives/edgar/data/1652044/000165204422000019/goog-20211231.htm](https://www.sec.gov/Archives/edgar/data/1652044/000165204422000019/goog-20211231.htm) + +(2) [https://en.wikipedia.org/wiki/DoubleClick](https://en.wikipedia.org/wiki/DoubleClick) + +(3) [https://en.wikipedia.org/wiki/Motorola\_Mobility](https://en.wikipedia.org/wiki/Motorola_Mobility) + +(4) [https://gs.statcounter.com/browser-market-share#monthly-201407-202204](https://gs.statcounter.com/browser-market-share#monthly-201407-202204) + +(5) [https://techcrunch.com/2022/02/04/cloud-infrastructure-market-soared-to-178b-in-2021-growing-49b-in-one-year/](https://techcrunch.com/2022/02/04/cloud-infrastructure-market-soared-to-178b-in-2021-growing-49b-in-one-year/) + +(6) [https://www.statista.com/chart/18819/worldwide-market-share-of-leading-cloud-infrastructure-service-providers/](https://www.statista.com/chart/18819/worldwide-market-share-of-leading-cloud-infrastructure-service-providers/) + +(7) [https://www.sec.gov/Archives/edgar/data/0001652044/000165204418000007/goog10-kq42017.htm](https://www.sec.gov/Archives/edgar/data/0001652044/000165204418000007/goog10-kq42017.htm) + +(8) [https://www.grandviewresearch.com/industry-analysis/e-commerce-market](https://www.grandviewresearch.com/industry-analysis/e-commerce-market) + +(9) [https://www.statista.com/outlook/dmo/ecommerce/worldwide](https://www.statista.com/outlook/dmo/ecommerce/worldwide) + +(10) [https://www.marketsandmarkets.com/Market-Reports/cloud-computing-market-234.html](https://www.marketsandmarkets.com/Market-Reports/cloud-computing-market-234.html) + +(11) [https://www.macrotrends.net/stocks/charts/GOOG/alphabet/shares-outstanding](https://www.macrotrends.net/stocks/charts/GOOG/alphabet/shares-outstanding) + +(12) [http://openinsider.com/screener?s=GOOG&o=&pl=&ph=&ll=&lh=&fd=1461&fdr=&td=0&tdr=&fdlyl=&fdlyh=&daysago=&xp=1&xs=1&vl=10000&vh=&ocl=&och=&sic1=-1&sicl=100&sich=9999&grp=0&nfl=&nfh=&nil=&nih=&nol=&noh=&v2l=&v2h=&oc2l=&oc2h=&sortcol=0&cnt=1000&page=1](http://openinsider.com/screener?s=GOOG&o=&pl=&ph=&ll=&lh=&fd=1461&fdr=&td=0&tdr=&fdlyl=&fdlyh=&daysago=&xp=1&xs=1&vl=10000&vh=&ocl=&och=&sic1=-1&sicl=100&sich=9999&grp=0&nfl=&nfh=&nil=&nih=&nol=&noh=&v2l=&v2h=&oc2l=&oc2h=&sortcol=0&cnt=1000&page=1) +So, if Evergrande goes bankrupt, and pulls down the economy with the full 200B+ debt and housing implosions - and the communist party decides to stay firm and » *let the market do it's job* « **. . .** + +Then how will the United-Fucking-States of "god-blessed" America be able to face the earth, if they intervene in the ape's journey to get their tendies, tendies based on the liquidation of the hedge funds that lost their bet in the worst case scenario of infinite risks, tendies born by the forced selling and simmering of (personal) assets like billionaire's yachts, constitutions, and gilded bedposts? Like intended by the market, understood from their self-regulating law maker's public stance towards a free and thriving market, and described by their regulations, laws, heavy fines, and complex mechanics? + +So. The Chinese government is actually more capitalistic, fair, and market liberal than the United States of America, the same United States that claim to be the leaders of the free world? That *invented* capitalism, the free market, and the whole modern world and democratic culture^(\[lol\])? The Land of Freedom, self-made millionaires, land of endless opportunities and chances? + +The US of A that saves SHFs or dares to intervene in a communist manner with a quietly back-handed » *yall get 169k* ^(\[not nice\]) *per share, now shuush, go play and eat some sand, kkthxbai* « ? The government that gets involved in the free market like some "filthy socialist middle-european cuck-state with tree houses"? + +**China is about to end USA's whole career.** + +Taking the financial hit is preferable to causing the "cultural death of the whole world". + +Leaving behind the "Dollar Standard", for a future with no standard reserve is preferable to die the ideological death and lose the claim to world leadership and "the best nation of the world"?. + +Crushing the lifes, net-worth, careers, and "good repute" of SHFs, billionaires, and the few thousands culprits and finance bros is very bitter and a heavy hit ^(\[lol\]), but the wounds, oowies, and scratches will heal as they are treated with generous application of billions of taxes paid by tendie accountants. + +And still better than losing the world's "trust" into the market of the United States of the America, followed by the biggest capital and entrepreneur's exodus to "filthy socialist european cuck-stock markets", the red commie Land of the Free 2.0 formerly known as China, and don'saytheword*blockchain*ohgawdno. + +There can not even be a slightest impression of an attempted bailout for Hedgefunds that go tits up because of Evergrande. And there can be no bailouts because of GME either. + +The dies were cast - they just take some time to fall, since we are already in space. + +The decisions and mechanics on how the endgame will end and how the USA will act, have already been decided and locked - governments, institutions, banks, and HFs just didn't realize it yet. + +**BUY. HOLD. DRS.** + +Edit: + +[Hmm...](https://preview.redd.it/zooofx7zd7581.png?width=977&format=png&auto=webp&s=fe1de54f9696efc0c2220d4b87deb7165db0b208) + +Edit #2: + +[Hmmmmmmmmmmmmm....](https://preview.redd.it/vm8gbqfq68581.png?width=978&format=png&auto=webp&s=58eb01c5adc190413573958946b57aacdbe5e168) +So I recently hit a million dollars net worth which I got excited about at first, but then realized that the way I allocated my assets makes it challenging to FIRE. + + +My allocations looks something like.... + +200k - 401k + +200k - index funds, reit's, stocks, bonds + +600k - paid-off house + +&#x200B; + +The last one is key. I spent a lot of my money trying to pay off the house early, which I did. However, looking at the above, 20% of my money is capable of truly generating passive income . The 401k, I can't exactly extract money out of there to pay for my living and i am in my 30's so I have a ways to go to pull from it. The house is paid off which does reduce my monthly expenses BUT overall it isn't enough for me to live passively. I could 'sell' the house, but then i have to buy in the same market which puts me in a bad spot. + + +That leaves the stocks/funds etc that can 'generate' passive income but obviously the amount is just not enough to live on. Am I looking at this wrong ? Would it be possible to FIRE with what I have above? The amount of money makes me feel like I should, but I don't feel like it is possible when I crunch the numbers. +So many scams. + +Hard to covert money back to fiat. + +Relentless junk and fake emails. + +NFT hype, stupid .jpgs and celebrities exploiting the space. + +So many shit coins. + +So many pump and dumps. + +“Use cases” mostly bullshit. + +“Great community” mostly bullshit and in my opinion preys on those who seek a community to be involved with whilst unknowingly having their pants pulled down. + +Horrendous fees to do literally anything with crypto. + +Still so complicated to deal with and risks of accidentally losing your money. + +Hodling, diamond hands, rockets etc. + +Market manipulation just like the stock market. + +“Unregulated” - ok, if that’s even really true, is that so great? See above re scams. + +Using fiat remains by far easier and more secure. + +And last but not least, just losing money unless you’re lucky to have been ACTUALLY early (you are no longer early) or strike on a pump and dump early and get out at the right time. + +I am willing to hold until I break even and I am then getting the hell out if I can even get my sodding money somewhere I can use it, after paying the tax man handsomely of course. +Hold AirBNB, receive BNB in return! A token created with the purpose of rewarding diamond hands! 💎 + + +Liquidity is locked and ownership renounced, making this token rug-proof. + + +What differentiates it from other tokens is the unique functions and anti-whale measures, which reward holders and at the same time, mitigate the effect of whales. + + +The developer team have high hopes in this one and are already running poocoin ads and doing giveaways. Talks with influencers are ongoing for a few Youtube and Tiktok videos to be released within this week. Don't miss out! + + +Liquidity lock and ownership renouncal can be found pinned in the telegram group. All other relevant information including the white paper and roadmap can be found on the website. + + +Tokenomics: + + +Anti-whale mechanics: maximum transaction cap of 5 trillion $AirBNB tokens per transaction + + +Total supply - 1,000,000,000,000,000 $AirBNB + + +50% of the tokens are burned + + +10% Fees per transaction: + + +    - 5% Fees per transaction are auto added to the liquidity pool + + +  - 5% Fees per transaction are  redistributed to the holders + + +📱Telegram: https://t.me/AirBNBtoken + +🌎 Website: http://airbnbtoken.info + + +Contract: +0x2403269d736C7a808C864bAD8c0848c2dE3E348c +It couldn't be more obvious. MSM is like "wow DOGE is on such a nice run" when it's going up, which basically means that a meme currency is devaluing the US Dollar, the world's reserve currency. Quite laughable actually but pretty pathetic. I feel bad for people working in MSM who have to suck HF dicks just to make a living. + +Also, if you like me were a former Robinhood user, you know how much they skim off the top in crypto in particular with the Bid-Ask spread. I've traded a lot of BTC on Robinhood and with a market order the price would fill anywhere from $500-$2k below the ask price at that point of time. Seeing how much retail is invested in DOGE, Kenny G is just working with Vlad to make some profits to continue kicking the can down the road. + +**Edit**: No, I am not a "butthurt investor who missed out on DOGE" (in reply to the user who DM'd me). I have been invested in Crypto for over a year now because I don't believe in the value of the US Dollar. I've just invested in Crypto that is available in a limited quantity and not DOGE which is just a promotional currency that is overhyped and can be printed like the US Dollar. + +**TLDR**: DOGE is just a distraction, don't sell, don't feel down. GME is the real hedge against this fraudulent market. +My partner and I are currently purchasing a property in Brisbane, where the average cost of similar houses in the area we are looking for is in the $700,000’s to $775,000s. We organised a private viewing on the same day the property was advertised and were the first to view the property and the first open house is tomorrow. + +We made an offer of $752,000 without subject to building and pest as our friend who has years of construction experience was able to view the house and give us the all clear. The real estate agent said the seller was happy to proceed, and that he would sort out the contract. Now it’s two days later and the real estate agent called me and said that he has another buyer who has offered $780,000 (he says he’s not supposed to tell me this) with the same conditions, but also without a cooling off period. He said if we can match or come within $5k of the offer and match the conditions, the seller is happy to proceed with our offer. He gave me this story about how he doesn’t like the other couple as much as he likes us, and he told the owner he would much rather be dealing with us. He seems like a genuinely nice guy, but I also understand his job is to make you his friend and milk as much money as he can out of you. + +I’ve talked to my friend who’s in construction and he said this is a common tactic REA’s will use. My partner spoke to my lawyer and said removing the cooling off adds no benefit for the seller and does not make an offer more enticing. He also said that his story is bullshit and that all he cares about is commission. + +My plan is to return an offer of $760,000 and no more, with the same conditions in place and our normal cooling off period. + +Is this real estate agent trying to milk more money out of us? Is this a phantom bidder? The property market as you know is very competitive, so there’s a chance there is another bidder. + +Edit: made an offer of $760,000 and unfortunately the seller has gone with the higher offer. Looks like it wasn’t a phantom bid. I guess he really did like us 😂 Onto the next! +Rensole is a fucking legend and he’s probably one of the reasons I’m still jacked to the tiddies. + +He stated his opinion on the likelihood of GME hitting 1M per share. + +It is fucking unlikely. Just as unlikely as this whole fucking situation that’s been going on in the last few months. + +Probably every “unlikely” thing you could’ve made up pretty much actually happened. + +GME doesn’t follow any logic. We hold, price goes up. That’s it. + +So get your fucking bananas out of your ass and think again. 20M is still my floor, nothing changed. + +There are subs with literally thousands of actual retards laughing at us apes every day. Who cares? Do you think that’s FUD? + +I don’t care. And as much I respect Rensole for being a fucking legend, I actually don’t care what his personal floor is. And you shouldn’t be caring either. + +He’s one of us. As long as we hold nothing can go wrong. + +Shorts HAVE to cover and that’s it. + +Now go enjoy your little discount right now and load up a little more just in case GME only hits 10M instead of 69M. + +You never know, better be prepared. + +Now get back filling that rocket tank up, we got a looooong way ahead of us. (2,5 million lightyears actually) + +To fucking andromeda. + +🚀🚀🚀🚀🚀 + +Edit: Hella salty apes are literally downvoting everything lmao + +Edit: typo +I live in an area with high home costs compared to rent. A $300k home will rent for \~$1300-$1500. My wife and I plan on moving and we wanted to keep our current residence as a rental. I'm hoping to get some help on how to think about this. If we were going straight in as investors, I'm understanding that since this property does not come close to the 1% rule, the risk/reward equation is not where I want it to be. However, since we are already in the property, is there another way of looking at the equation that changes that? + +Does that fact that we only had to put 5% down or maybe that the closing costs have already happened change anything? +Any chance I can get approved for a home around 350-400k in NC? Have 10k down ready but also have another $5k aside for emergencies and other things like fixing the house +I have a 760credit score. 27 years old. First time home buyer. Make around 70k a year +Want to see if I could be approved and if not what suggestions would you guys think +Some background, I am 27 working as an Accountant (industry, no CPA) in a HCOL area making about 70k/year pretax. Last year my expenses were split about 35% needs, 15% wants, 50% savings. No kids/house and no plans on either (spouse agrees) I discovered FIRE about 3 years ago but thanks to family being financially knowledgeable I have been investing since 21 when I entered the workforce + +Something that is often talked about is how especially in the early years, the growth of your portfolio has more to do with contributions than how the market is doing. Because of this, it seems like the fastest way to "jumpstart" your FIRE journey is to save aggressively for many years early on and then once compounding starts to have more of an impact, back off some and let your money work for you. + +This is where my conundrum comes in. At what point do you start to back off? One year of aggressive savings early on can easily shave several years off of FIRE and early in life the future value of a dollar is incredible. This can often make it hard to justify buying things with a higher price tag such as trips, upgrading my computer (6 years old), etc. I have found in the short term this isn't a big deal, but over several years it starts to wear on you. I am not miserable, or anything, more just feel like I live in a bit of a groundhogs day, and considering how even a couple more years of this could shrink my fire date by 5+ years it can feel hard to justify lowering my savings rate by anything significant. + +Have any of you dealt with this? The one more year syndrome of a high savings rate early in your saving careers? How did you start to wean yourself off to something more "reasonable". +What are some books that actually helped your financials and to make more money? There are way too many out there from fake guru's trying to grab some cash +> Dubravko Lakos-Bujas, J.P. Morgan's chief U.S. equity strategist, set his 2020 price target for the S&P 500 at 3,400, a roughly 8% gain from here. + +> "We expect the rotation from Momentum into Value to persist as the global business cycle re-accelerates and puts upward pressure on bond yields and commodities," Lakos-Bujas said. + +> Lakos-Bujas sees a partial U.S.-China trade deal with some rollback on tariffs to be agreed upon ahead of the 2020 election. + +https://www.cnbc.com/2019/12/09/jp-morgan-sees-sp-500-rising-8percent-in-2020-as-economy-reaccelerates.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard +In 2008, the Banks were holding a lot of dog shit wrapped in cat shit and when it crashed, the government bailed the Banks by buying all that crap. People lost, and Banks won. + +Fast forward to now, Hedge funds are holding huge naked shorts and swaps, and closing their positions would create the MOASS. Thus, if the government would try to bail out the system during MOASS, that money would go toward people holding the stocks, not to the Banks like in 2008. + +They don't want that, but they have no alternative to DRS... +We always hear of doctors, bankers, lawyers, and engineers FatFiring. This is a long shot, but are there any PhD holders that would be willing to share their story? +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) +The 21 ultra-rich Russians among the world’s 500 wealthiest people have lost a combined $83 billion in 2022, according to the Bloomberg Billionaires Index. + +The biggest loss porn is credited to Vaget Alekperov, chairman of energy titan Lukoil, who has lost $13 billion and “only” $6 billion left. +**Background:** I achieved FI (chubbyFIRE target) two years ago in my mid-40s, working in the SF Bay Area in biotech. One year later, I handed in my employee badge and drove out of the company parking lot, almost certainly bringing my 20+ year career to an end. A few weeks later my family moved to the Central Coast of CA. Now twelve months after leaving my job, I found it a useful exercise to reflect upon what I've learned along the way. I'm hopeful that someone might find my experience useful. + +After a year I still generally avoid the term “retirement” or I place it in quotes as I’ve done here. At my age, I still think it unlikely that I’m completely done with all things that could be termed “work”. It is true that I leveraged reaching FI to step away from the only career I’ve had – and still have no intentions of going back. But it’s also entirely possible that one of the many ideas I’m exploring could turn into gainful revenue generation. Who knows? That flexibility is exactly what I was targeting with my FIRE journey. That said, I can’t imagine myself schedule-bound to an office job at someone else’s company. 🤮 It seems more likely with each day that this will continue to be the case. Right now the only thing I do that could be called "work" is pour wine one day a week at a local winery tasting room. It's super fun and that's why I'm doing it! - it's just a little fun money, really. My budget assumes no non-investment income. + +Without further ado and in no particular order… + +**Lessons learned in year one:** + +* It can be very difficult to resist the temptation to fill all your time with “stuff”. Our careers train us in this way and it takes active effort to get comfortable with anything else. But I think that having truly “free time” is **vital** to allow the creative process to happen! +* Like any big changes, leaving your career behind is an emotional roller coaster with many highs and lows. You can’t truly prepare for that, short of just being cognizant that the mental churn will happen and is **completely** normal. It’s really important to reflect on what you’re feeling. Journaling or blogging can help! (I won't self-promote here but I've found the latter **so** useful.) +* Talking openly with your partner & family is **really** important. Sharing the emotions you’re feeling helps everyone. After all, they are going through this huge change with you! Keeping it in will only create tension that helps nothing. Ask them how things are going now that you’re around so much more and see if anything needs to be adjusted. +* If your identity is tightly wrapped up in your former job as is common, it will be a **substantial** change when this is removed. Thinking about your purpose and what defines you and is important **now**, is really useful. What is your next phase of life going to be about? +* Don’t fear trying things and setting them down. This is the very heart of having the freedom to choose how to spend your time. If like me you have many interests, it’s perfectly OK to try them out only to decide “that’s enough for now” or ��I don’t actually want to do this”. +* Related to the above – it’s important not to pressure yourself to find “the next thing to do”. At least in my case, this created stress in the first few months. Financial independence means that additional income – while nice, is not required. Your time is better spent exploring, from which may spring that next great idea! But don’t rush into anything hastily. +* As many will agree, it can be **really** tricky talking about FIRE and early retirement – particularly with people you’re meeting for the first time. Admittedly I often tell people I am a consultant. Yes, it’s a total cop-out, but it works before I get to know someone well. It’s worth thinking through how you will handle this in advance. You’ll get **lots** of practice, I promise you. +* The things you miss about the workplace may surprise you. Giving some thought to this before you depart may help you identify other ways to satisfy those needs – but it won’t be perfect. Again, this is just part of the emotional roller coaster that will surely come. +* Many workplace friendships are just that, and they won’t all persist after your shared work life is no longer there. COVID + moving certainly didn’t help in my case as visiting people wasn't an option and Zoom meet-ups are only so effective. But I am convinced that many relationships at work are very much tied to the workplace itself. This is perfectly OK! +* On a related point, it’s easy to under-appreciate how much socialization occurs at work. What will you do during those weekday “working hours” while your friends are busy? Finding appropriate avenues to engage with others is still really important. Clubs, civic groups, volunteering, and other means to find like-minded people is important – particularly if you relocate in retirement, as I did. Pouring wine one day a week is proving to be fun for me and plenty social! +* Lots of people make bucket lists of big and small things they intend to do once they retire. I have found since leaving the workplace that I continue to generate ideas of things I might like to do. I keep these out of sight (I use Notion) in an “idea funnel” that I revisit from time to time. It’s fun to see how my thoughts change about prioritization; there’s also no pressure to feel like it is a “to do list” that I must achieve. This subtle difference feels really good to me. +* Building skills and “making” things are **really** effective ways of continuing to challenge yourself, to keep learning, and also to feel productive. They are also great mechanisms to unearth potential business opportunities or at least new hobbies and avenues of personal entertainment. Knocking procrastinated chores off your to-do list only lasts so long! +* Just because someone is willing to pay (a lot) for your expertise doesn’t mean it’s the right thing to take on. I’m grateful to have been presented many consulting opportunities over the last year. While tempting, I’ve had to be **really** careful about not over-committing at the peril of being unable to do all the other things I want to do! These days I'm not doing any consulting at all. It just doesn't fit what I want to do presently. Be sure to choose wisely. +* The freedom gained via FIRE has proven to be **well** worth it! I love being able to choose how to spend my time. I can’t count how many times I’ve woken up with zero plans and at the end of the day realized what a fun day I had, just taking things as they come. My wife is much more spontaneous than me and I’m **finally** starting to understand the joy in this. +* On a similar point, I’m **really** excited to finally get the chance to test out our interest in longer term travel. This summer we’ll take a five-week trip to visit family and friends. Like most Americans, we’ve never been away more than two weeks on vacation. It’s a little scary, but almost entirely in a good way! + +These are merely my observations from my own experience. For sure, there is not one “right way” to do this. From talking to others in this community or elsewhere, whether in FIRE or traditional age, retirement is definitely individual. We each have our own goals, our interests, and our individual preferences. I do think many of the points herein apply broadly. But we each need to determine what is important to us and how we will spend this next phase of our life. + +I hope you’ve found this useful! It's been really helpful reflection for me. I remain incredibly grateful to be in the position I am. It is my earnest hope that in sharing my experiences I can assist others in their own journeys. Thanks to all in this sub and others from whom I learn much each day. Best wishes to you all! + +\--- + +EDIT: **Wow!** I never would have anticipated this kind of response to my post. I'm so grateful for all the kind words, questions, and feedback that have been shared. Engagement with others on the FIRE path is one of my true passions in the moment. I've so enjoyed these exchanges and I'll do my best to keep up with responses to any future comments. At the suggestion of several of you, I have created a sub for my YT channel. Please feel free to check it out if you're interested in following my continued journey. I'm very interested in helping others to the very best of my ability. Thanks! [https://www.reddit.com/r/TwoSidesOfFI/](https://www.reddit.com/r/TwoSidesOfFI/) + + +[Start with this post](https://www.reddit.com/r/Superstonk/comments/ombmj8/i_smell_bullshit/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) This user lays out a pretty damning case against the creation of the sub and how inorganic its initial growth was. At the time of the creation of Superstonk, I’ll admit I wasn’t as suspicious as I am now. The OG GME sub seemed to have been compromised (which now appears to have been premeditated) but at the time, it felt that apes were truly looking for a safe haven. SS conveniently came to the rescue. + +Almost two months ago, I noticed a significant fluctuation in online presence within Superstonk [thread here](https://www.reddit.com/r/Superstonk/comments/no2mm0/this_sub_just_went_from_85000_users_online_to/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) where 60,000 users logged off within a few minutes of each other. I felt it was oddly suspicious that over 60,000 users "logged off" at the exact same time. I kept my eyes locked on the online count, and interestingly enough they all logged back on after about 20 minutes. My bull shit meter turned up to 11 and I began monitoring this subs online activity on a regular basis. People initially doubted me saying it was probably a Reddit server issue, but users began to notice it was happening all across other meme stock subs like the m0viesub, DoubleU S B, and even the KrypT0 subs. + +The next time I noticed a similar fluctuation of online users, I made a post which was nuked by automod (for no no words) with data I had collected from all kinds of subs, including data from control subs like DND, Rupaulsdragrace, subs that have nothing to do with the stockmarket. Turns out when the fluctuation happened, those subs were not affected in online presence. Only “meme” stock subs were. [thread here for those who are curious](https://www.reddit.com/r/Superstonk/comments/nwcult/once_again_this_sub_just_went_from_150k_online/?utm_source=share&utm_medium=ios_app&utm_name=iossmf). At that point to me, it suggested it wasn’t a Reddit issue. To me, this screamed bot activity. My initial thought was, Hedgies have infiltrated, but so what? We knew they were lurking here. But now after this weekend of Pinks whistleblowing and evidence leaked of compromised mods, I wonder if Hedgies had help from the inside, from our own mod team. + +Here comes the tinfoil hat. I believe that when we saw large fluctuations of online users, it was bots going through scheduled updates. What kind of updates? Well, if these bots are controlled by our mod team, then I think they were possibly using information collected by our very own SATORI. Let’s be honest, what do we really know about it? It’s a program that learns human behaviors to find “shills”. That's all we've really been told. What if its real purpose is to learn ape behavior to blend in? Or worse, collect our personal data to be used to dox apes on a massive scale. + +After reading the statement from our mods about this weekends shitstorm, how they essentially gave every ape here the middle finger by allowing Red, Ren, and Madie to remain as mods, I’m willing to believe that most mods (if not all) aren't just willfully ignorant, but are in bed with Citadel and that SATORI’s true purpose is to be used against apes, to learn behavior, to blend in, divide and conquer from within, and strike when the time is right. I believe with the massive amount of options expiring last Friday, they knew this would be the perfect time to raise all hell. + +On a side note, I believe mods (specifically Red, Ren, and Madie) have been orchestrating the removal of Pink for quite some time. Do you all remember June 9, when this sub was flooded with comments and posts around Pink giving an interview with CNBC and we found out it never happened? Want to know something interesting? June 9 was the date of the second time that I noticed that 100k online users logged off at the same time. + +Edit: seems like OG GME was already onto [this](https://www.reddit.com/r/GME/comments/nsnl20/i_need_to_ask_a_few_questions_about_satori_if_you/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) when SATORI first came out +https://www.reuters.com/article/us-tesla-deliveries/musk-defies-skeptics-meets-tesla-delivery-goal-shares-hit-record-idUSKBN1Z21B5 + +(Reuters) - Tesla Inc (TSLA.O) beat Wall Street estimates for annual vehicle deliveries and met the low-end of its own target, sending shares to a record high in a vindication for Chief Executive Elon Musk after a few turbulent years. + +Boosted by demand for its mass-produced Model 3 sedans as overseas sales pick up, Tesla on Friday said it delivered 112,000 vehicles in the fourth quarter, including 92,550 Model 3s and 19,450 Model S/X SUVs, which was above expectations of 104,960 vehicles, according to IBES data from Refinitiv. +TLDR: Past short squeezes have often come after a sudden unpredicted float reduction as showcased in Northern Pacific of 1901 and VW in 2008. BBBY share repurchase announcement exemplifies this quality of squeezes and sent ripples through the "meme basket". + +Hi all, to quote Winston Churchhill, "The farther back you can look, the farther forward you are likely to see", so we will be using history that has occurred in past "short squeezes" as well as some recent information to mold my thesis. + +Also, I found it helpful to realize that any of these trading situations from years before computerized trading with a slight grain of salt. Why? Because "a trade" took a lot longer back then, like minutes instead of microseconds, which is worldly different but general principles apply. It is only exacerbated in the complexity of modern markets by high-frequency trading and in general how fast trading has become. + +**1901 Northern Pacific Squeeze** + +A slugfest between two titans, James Hill/J.P. Morgan and Steve Harriman, in one of the last great railroad wars of America. In 1901, Union Pacific was in a shitty position, mired in bankruptcy, and not enough profit to meet its obligations. However, Steve Harriman believed that if Union Pacific could acquire railroad lines in Chicago(Burlington & Quincy Railroad) the railroad would become extremely profitable and powerful. However, James Hill and the Northern Pacific Railroad, with support from J.P. Morgan, thought the Chicago railroads would bring massive profit also. In the ensuing negotiations for Burlington. The owner of Burlington went with the Northern Pacific offer. This royally pissed of Harriman and theoretically, Hill/Morgan only owned 23% of Northern Pacific. So, Harriman became Chad Harriman and began buying Northern Pacific shares on the open market secretly to wrestle control from Hill/Morgan and utilize the Chicago railroads. + +Pause, this was a 155 million dollar market in 1901 dollars(5,002,123,529 in today's dollars). Fucking huge market. So pretty much if Jeff Bezos began buying all Gamestop common shares on the open market because he believed the NFT marketplace for games would be huge. + +Well, Morgan and friends didn't realize that Harriman did such a big dick wreckless move until Harriman almost owned the entire float. That's when the price started rising as the bidding war began between the two parties. As they bid up the stock, a flurry of short-sellers entered the equation. Now \*enter a classic story about there being a massive amount of shares sold short well past the float. Moreover, the float was being eaten away by Harriman and Hill/Morgan. When the shorts finally discovered what the two parties were doing there was massive panic to close short positions. Well, the price went to 200, 400, 600, 800, even to an eventual top of 1,000 USD a share(32,271.76 after inflation). This literally fucking imploded the stock market and eventually the shorts were let off the hook and allowed to close at 150 USD. + +Key Takeaways: + +\-Harriman's unexpected tactic caught the short-sellers as well as J.P. Morgan by surprise which culminated in its ignition + +\-The float was locked down by both parties, while there were a lot more shares short than the ever-shrinking float + +**2008 Volkswagen Short Squeeze** + +In midst of the great financial crisis, something odd happened. Volkswagen, the German carmaker, became the biggest company in the world. For one, brief day. + +The story involves two of Germany's most famous automakers — Porsche and Volkswagen. For a variety of reasons Ferdinand Piëch under Porsche decided to grab control of Volkswagen's board, so in 2005, It began buying large swaths of VW on the open market, Between 2005-2008 the price rose 400% pre squeeze. + +Porsche played the long game. The first move came in 2005, when it announced it had taken a 20 per cent voting stake in Volkswagen. Over the next two years, it slowly accumulated more shares, eventually passing the 30 percent threshold where it would have to make a mandatory offer for the company in early 2007. A rule inhibited Porsche to take control of 35 percent of VW, after some fights in the courtroom Porsche came out on top getting this rule repealed. And then silence... Porsche didn't file the necessary filings when taking control over 35%. + +All the while, there was a rampant arbitrage opportunity on VW preference and common stock. Without getting too much into the weeds, German exchanges had these shares that separate investor types. For our purposes, We shall say that: + +Ordinary shares are Class A Shares + +Preference Shares are Class B Share + +In 2007/2008, Class A shares were trading around 200 USD while Class B shares were trading at 100 USD. So shorts came piling into the Class A shares thinking they were insanely overvalued because of the arbitrage. All the while, it was speculated that Porsche was using some financial wizardry with cash-settled options to accumulate an even larger stake without having to report it. With no news, the spread between Class A and Class B shares continued to climb and the chance for arbitrage was beyond juicy. Hedge funds and the likes jumped in for the fun, little did they know what Porsche was up to. + +Fast forward to Oct 2008, VW had been defying the financial crisis by continued rise, however, it finally started to break, and most shorts doubled down on their bets at a pricepoint of \~200 USD for Class A shares. Then on a Sunday, Porsche disclosed that they held a 74.1 percent stake in VW. Leaving the float ONLY 6 % of what it had been. With 12% of shares shorted it was mathematically impossible for all shorts to cover. The peak reached over 1000 Euros... + +Key Takeaway: + +\- Porsche pulled an unexpected move by accumulating vast swaths of the company undisclosed + +\- This unexpected move created a black swan event for shorts + +\- Hidden position size via options + +**BBBY Share Buyback announcement** + +In case you have been living under a rock, Bed Bath and Beyond, a company that is widely accepted as being a part of the "Meme Basket" which also reached massive highs on Jan 28th announced a 3-year buyback that would eat up 2/3 of outstanding shares. Essentially what Porsche did but the legal version, to some extent, what GME did with their buyback. Well, from the previous examples, a sudden unexpected event that radically eats away the float is an extreme risk for short players. Causing massive upward ripples in all meme basket stocks, including GME. + +Key Takeaway: + +\-Reveals that there is still a very large short exposure in the so-called "meme basket" and that even a slight change in any of the underlying basket stock floats would cause massive damage to short players + +**My Thoughts/ Conclusion** + +It is interesting to notice that the ignition for all these squeezes was on the behest of sudden unexpected moves by massive whales in reducing the float. Now GME is literally the complete opposite of this, instead of a single actor, it is a grass-root float reduction via "micro tranche" purchases through DRSing. While the short positions are being squeezed like a vice via float reduction, the situation is telegraphed to the short players, but they cannot account for the unexpected. + +Despite this, the BBBY share repurchase example shows that even the smallest change in the status quo has the opportunity to absolutely obliterate the short players. Now this shock can come in a multitude of different manners that I won't even try to predict. + +However, pure speculation, I think the NFT marketplace will come with a noncash dividend in the form of this NFT, think Microsoft points or even the free popcorn that was given to popcorn shareholders. However, it will serve the purpose of shaking out the shorts that are past the float of the stock which would have such an extreme effect on the stock that all short players would be obliterated. + +Until that time, I know what I feel like, being the Allied powers in March 1945, the writing is on the wall. + +Edit: Made the Subtitles **Boldy Bois** and words +I bought a call option maybe a week ago for $89 and it’s up over 300% at $393!! This is my first trading option I’ve ever done. What do I do now?? I the expiration is 2/19. Do I just sell the call now so I can get the money? I don’t want it to go down again + +I’m aware the market opens on Monday I’m just making sure I’m ready for it + +EDIT: Wow, thank you guys for all the feedback!!! And I’m taking a class on stocks/options that just started so I don’t know a whole lot yet but I just wanted to dip my foot in +Hey there Reddit community. As the title explains I am turning 18 and plan on experiencing the highs and lows of the stock market. Fear not for I am not entering with a “ get rich quick mentality “. Nor am I coming in with the mindset to double or triple my money. I am simply just amazed at some of the communities formed from the stock market such as this one. If I make an extra $20 or $30 from NKE or DIS then hey guess who’s treating themselves to ice creme :). I plan on becoming somewhat active to the best of my ability and would love for any advice from the veterans to the intermediates. I plan on starting off by using Robinhood but am willing to try different sites. Please fill free to comment any extra stuff I should know.... again I repeat I am not here with a get rich quick mentality nor do I expect to double or triple my money. I just want to be able to say been there done that. Thanks in advance! +I don't have room in my primary for all my tools, and it seems foolish to have a storage unit (90$/mo) for all my tools and have to go back and forth. Thinking of just grabbing a van for cheap to keep and store them all. My van would be out of sight of the street so I'm thinking I could be safe with it. + +Edit: I live in a city, I can’t build a shed lol +Hi! Im just about to graduate from high school and want to eventually become a ~~day trader~~/live off passive income and be able to work for myself. To be able to build a foundation in trading and learn more about the markets, i would like to seek the wisdom of reddit to find the answers to my questions. +1) How would you invest your first $5000? +2) what would you have decided to study in college? +3) what goals would you have set for yourself? +4) any other pro tips? + + +*Update*:i'll stay the hell away from day trading + +**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. +I 35/f have a question regarding maxing out my 401k. Ive already maxed out my Roth for the year, established a 6 month emergency fund and still contributing, plus contributing HSA. + +My company offers 6% match and currently I contribute 15%, should I just do the max 6% and allocate those funds to somewhere else ? Also they offer a traditional /Roth 401k and I have those split for my contributions, should I just focus one or both ? Any help would be appreciated! +https://www.cnbc.com/2019/07/11/the-fed-chairman-says-the-relationship-between-inflation-and-unemployment-is-gone.html + +>“The relationship between the slack in the economy or unemployment and inflation was a strong one 50 years ago ... and has gone away,” Powell says. +> +>“At the end of the day, there has to be a connection because low employment will drive wages up and ultimately higher wages will drive inflation, but we haven’t reached that point. In many cases, that connection between the two is quite small these days,” the Fed chief says. +Hi personal finance , + +I bought around ~5k of bitcoin on coinbase in various intervals in 2017. After buying the bitcoin I would immediately send the coin to online sports books and casinos. Sometimes I would win and send it back to my coinbase account (and on the rare occasion send it back to my bank account), but I definitely lost a majority of the bitcoin to those sites + + +Now that it’s tax time I’m concerned on how and what I should file. I’m trying to make sure I report information that I need to. + +I’ve taken a step back from gambling and am now 90-days gambling free. I hope to continue abstaining from it in the future. +In the spirit of the weekend, I want to lay out an interesting theory I have regarding price action for GME over the past nearly two years. As most of you are aware, there is an extremely popular theory called the "critical margin line" where short sellers supposedly will be squeezed if GME trades above that level for too long. I want to present an alternate theory to this and I will call it FTD cycle/dilution theory. + +&#x200B; + +My hypothesis is that the trendline for GME over time is a visual representation of GME being diluted, while the large spikes followed by massive drops are due to FTD cycles. + +&#x200B; + +I came up with this theory after watching a video that has been shared on this sub numerous times, which I will link below: + +[https://www.youtube.com/watch?v=COQvMsbb-Cw&t=662s](https://www.youtube.com/watch?v=COQvMsbb-Cw&t=662s) + +&#x200B; + +The assumption is that prime brokers locate a stock that someone is willing to lend. This can come from pension funds or anyone who is on a margin account (*aka anything NOT DRS*). The prime broker then tells numerous short sellers that it found them a locate and they can borrow it and short the stock. The prime broker is expected to deliver the stock in 3 days or it fails to deliver. During this process, the prime broker pays the lender a percentage of the fee that they made. To maximize their profits, they use an intermediary prime broker to hide the true amount that they are lending the stock for to only pay the lender a small fraction of what they should actually owe. + +​ + +In the overnight repo market, the second prime broker stealthily sends back the cut of the profit back to the first prime broker and keeps about half. (*is this a connection to the ONRRP???*) + +&#x200B; + +[screen cap taken from the video](https://preview.redd.it/f2h7w17gptp91.png?width=454&format=png&auto=webp&s=7b25c19625865c20958290ba1e2af939237962fa) + + + +My theory is that the large drop in shares is when the locate process occurs each and every morning, then are returned to the lender as lendable shares since they already lent out necessary short shares. + +​ + +So that is one method of how a lot of naked short shares are sold into the market using any shares that are on margin or lent by a fund (*there are more methods, but I am only covering one here*). + +​ + +One thing that stands out is that there's nearly always shares to borrow. There are two possible scenarios in my mind as to what is happening. + +1) Stocks are borrowed and held during the day as a safety net in case there is a run that is unforeseen. This sounds reasonable, but I like to look at crazier theories. + +2) Stocks are borrowed and held by the short sellers, but the locates are just borrowed by another prime broker and made available the next day to X number of new short sellers to borrow and hold. + +​ + +If scenario 2 is the case, that means that short sellers are holding onto tens or hundreds of millions of borrowed shares. Why would they want to do this?? + +I believe that they are holding the shares for the day where all the FTDs need to be rolled. Outside of options, there are only a limited number of ways to perpetually roll FTDs, and one of the main methods is called a timed buy-in. This is a coordinated buy-in of all shares that are FTDs, while the short sellers sell all the borrowed shares they have been hoarding into the market to bring the price back to where it started. This happens approximately every 2-3 months with GME (and not surprisingly, they time it around earnings reports a lot of the time), but the price action is a bit muted since a LOT of the FTDs are hidden in naked options... To me, this is the reason that we continually get massive runs, followed by a day of multiple upwards then downwards halts. + +[Early morning share borrow and return](https://preview.redd.it/fqsdygf5otp91.png?width=345&format=png&auto=webp&s=0eb47361e3e89e5b46b05408f5bf7e48b8b866d5) + +&#x200B; + +Since watching only GME is a bit tunnel vision, I decided to look into a sister stock that is in the same 'basket' as GME, but which DOESN'T have options to mess around with. + + This first scenario I will show is GME. I showed arrows to very high volume days that quickly follow high volume sells, which have returned the price back to where it started each time. Obviously the volume doesn't seem crazy, but I believe that's because the additional shares traded were really only the excess that aren't hid in naked derivatives. + +[Volume chart for GME](https://preview.redd.it/ziqpojpantp91.png?width=1472&format=png&auto=webp&s=142f7569f0e10f7049cedea282c1ef16b2d1fc94) + +Meet headphone stock... + +[Volume chart for headphones- why does the price start rising right as GME announces splividend??? hmmmm](https://preview.redd.it/mj6bbvhpntp91.png?width=1461&format=png&auto=webp&s=9ec2a3d2b8c9c63d5c2f7c1e6b61fae4d08398fd) + +So the arrows point to the exact same times as GME, but they should be unrelated and we know this second stock is heavily shorted. This stock has a free float of less than 4.5 million shares. + +[Here is the 1-day volume for the starred day around April](https://preview.redd.it/0dsyuvyqntp91.png?width=562&format=png&auto=webp&s=95aaf0e6f9a6e5c3c1d5a1c8987d3087b8562099) + +As you can see, those volume spikes are TWICE the ENTIRE FLOAT of that company. If all the FTDs are rolled around those time periods, we can get a relatively precise guess for just how much short interest there is. + +&#x200B; + +The downwards slope shows dilution (at least in a macro sense, since the rest of the market is pretty wild right now) + +&#x200B; + +As we see with GME, it doesn't really have that downwards slope... I theorize that even while the stock is constantly being diluted, more people are buying and DRSing to counteract the steady decline that they are trying to force onto us. + +&#x200B; + +I want to also note that when the splividend was announced, price action went crazy for GME and it broke the trend of having the massive spikes followed by massive dumps. I think this is because the SHFs were not planning on this and they couldn't coordinate their FTD cycle and it took a few extra weeks for everything to come together to dump the price again. Because of that we are now just about due on our next run. + +I theorize that in the next 1-3 weeks, we will have a run to over $40, then a day with multiple halts to return the price back down to around 30... All this is of course assuming MOASS doesn't happen in the meantime. + +&#x200B; + +I would love to hear thoughts and any holes you can poke in my theory! + +&#x200B; + +TL;DRS +EverRise is the orginal and first ever buy-back hyper-deflationary token on the BSC. The same way SafeMoon paved the way for thousands of other coins to introduce the redistribution to holders, EverRise is the first to introduce this BuyBack feature. + + + +In the stock market environment, BuyBack means buying back the shares of a company in the open market, which increases the value of the stock. + + + +**At EverRise, we chose to apply the Buyback concept to cryptocurrency, and make our token more attractive to hold.** + + + +On the EverRise protocol, a 6% transaction fee is stored in the contract and used periodicallly to buy back tokens from the market and then instantly burn them, increasing the value of the circulating supply. + + + +**The fees collected by the Contract are used to buyback and burn tokens when market conditions are bad, instantly increasing the price and saving the holders from massive dumps when is necessary.** + + + +Everrise is the first token to implement smart analytics and tactics to beat financial adversities on the blockchain trough the use of the revolutionary Buyback feature. + + + +The token holders are benefited also through a 2% static rewards. + + + +**EverRise is working on two dApps: EverOwn and EverLock. Those projects will solve problems on the crypto industry and will be a source of revenue for the project and the holders.** + + + +**📄 TOKENOMICS 📄** + + + +6% Buyback Tax + +3% Marketing + +2% Distributed to Holders + +**✅ ACHIEVEMENTS ✅** + + + +Listed on CMC, CoinGecko & Blockfolio + +4K BNB Presale sold out in 10 seconds + +50K Holders + +29K+ Members on Telegram + +$35m+ Market Cap + +Listed in 3 Exchanges: BKEX, LBANK & ZT Global + +Code audited by Techrate + +Certik audit in progress + +NY Billboard coming on July 2nd + +Big marketing wallet for promotion non-stop + +🌐 Website: www.everrisecoin.com + + + +🐤 Twitter: www.twitter.com/EverRiseToken + + + +📢 Telegram: t.me/everriseofficial +* 1) They do not give their data or state their methodology. There is no way to check what they post. It's simply an assertion. + +* 2) Shadowstats claims that their SGS Alternate Inflation curve "reflects the CPI as if it were calculated using the methodologies in place in 1980." This is false on the face of it; they cannot be doing what they say they are doing. Prior to 1983, the CPI was calculated using actual housing prices; after 1983 it was changed and based on owner's equivalent rent. If the SGS Alternate Inflation curve really used 1980 methodologies, the housing price collapse of 2006-2008 should have caused a much larger drop in the SGS Alternative Inflation curve than it did in the official CPI index, and the distance between the two curves should have narrowed. Instead, they stayed parallel. + +* 3) The Bureau of Labor Statistics provides CPI-RS which is a recalculation of data from 1978 to the present using the new methodology. There's a difference, and the newer method calculates a lower number, but only by about 0.45% per year. If you believe the old method was the correct one, then the official figures understate inflation, but only about 0.45% per year, not the 6%-8% claimed by ShadowStats. + +**tl;dr** *They are engaged in a classic Big Lie - so big that it actually works.* + +------ + +Edit: [Supporting point in the comments](http://www.reddit.com/r/Economics/comments/omfrm/3_reasons_people_need_to_stop_citing_shadowstats/c3ig3qb) +I keep hearing guys like Saylor talking about how POS is a joke compared to POW, especially in the long term. + +I understand the basics of the 2 concepts but can someone please explain why POW is much superior and POS is doomed to fail? Because POS seems to be the new cool kid on the block. + + +[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!* +I was diagnosed with Crohn’s disease at 15, I’m 25 now. My medication and monthly healthcare is extremely expensive. This year I started with a marketplace health plan that was $260 per month with $10k max out of pocket. I still have $3,000 left in bills from that. I then got a new job a couple months ago and my premium is $50 a month with $3k max out of pocket. I just got another $2,200 bill. Ill hit the maximum easily this year so I’ll have $6,000 in bills by December. In January the max out of pocket resets so I’ll have another $3,000 bill then. In the next 4 months I will owe $9,000 in medical bills. I’ll have this disease my whole life. I don’t know what to do. It destroys me financially. + +I max out my HSA but was planning to invest and save that for retirement. It also doesn’t seem possible to do now. + +If I ever end up in a situation where I don’t have health insurance it will completely wipe out my future. 1 month of my medication costs upwards of $10,000 and the procedures I need on top of it cost $30,000+ per year. + +Edit: I’m getting a lot of advice to move countries. Realistically everything I’ve ever known and have is in the US and as a software engineer my pay would be so much lower in those countries that i would have even less money. +My plan is to start to DCA (dollar-cost average) 2k€ a month on VWCE using Degiro. My goals is to continue to DCA for 15+ years. Is this a good plan? Would I be better off investing in the S&P500 or a different index fund instead? + +Info: +- I’m 25 years old +- I have dual nationalities (USA & Italy) +- I currently live and work in Italy + +Any suggestions would be much appreciated. +Let's say that you have 100k ready to invest. Most platforms under EU law, guarantee up to 20-30k of investment if the company goes bankrupt and up to 100k in deposits. + +If you want to invest for 10-20+ years, would it be wiser to split 25k-25k-25k-25k in 4 separate platforms in case any goes bust? For example, Degiro, Trading212, IKBR, etc. + +What do you think? +Hello all users of r/Daytrading. I am 18 years old and I want to become a full time day trader. I am currently paper trading with lightspeed. I am just looking at the time/sales. Buying in at a small dip, selling a couple cents higher. That’s just my “strategy” now per say. I know there is a lot of stuff I need to learn before I become a full time trader. A lot. I just don’t know where to start. I’m watching Humbled trader. Clay trading. All of these videos about trading but don’t know what I’m watching is actually helping. What do I really need to focus on. Write notes on. Is there a recommended YouTube channel that I should watch? I just feel I’m jumping around from learning VWAP to the 3 candle play to moving averages and I’m not sure what to stick to learning. I want too learn. I want too become a full time trader. I would appreciate all the help and tips I could get. + +EDIT: So many replies! Thank you all! +Systematic Trading by Robert Carver states in chapter 7 (pg 121 hardcover) that + +“Separate entry and exit rules are not suitable for the framework. Ideally a forecast should change continuously, independently of what our position is, throughout the life of the trade. This suggests you should create rules which recalculate forecasts every time you have new data, then adjust your positions accordingly. Normally this is simply a matter of modifying the entry rule.” + +He also states that + +“[explicit exit rules] are usually over fitted and make life very complicated.” + +He encourages avoiding binary trading rules and make them continuous instead. For example, focus on the general relationship between two moving averages instead of just the crosses. + +What do you guys think about this? I feel like many algo traders dont do this. +I recently went to my bank (large national bank chain) to retrieve some contents from my safe deposit box and when the bank employee opened the safe deposit vault there was no box inside! + +I had several paper I-bonds in there that are now gone. Plus some gold. The bank said they’re opening an investigation into what happened but that it could take months. + +I’m completely at a loss as to how this could possibly happen. I thought safe deposit boxes were very secure since it requires two keys and the bank doesn’t keep a copy of my key and everything is tracked and video monitored. It’s astounding that not only are the contents gone but the entire actual metal box inside the safe deposit vault was gone too! It had to have been an inside job, I can’t fathom how else this could’ve happened. When I last opened the box in February everything was there. Have there been cases of this happening before? What are my options? + +For the lost I-bonds, I thankfully have photocopies of all the bonds and I think I can report the lost bonds to the Treasury department to retrieve them as electronic versions right? I’m worried that whoever stole it might try to impersonate me and cash the bonds before I can do that. + +Edit: Wow this really blew up. I really appreciate all the advice. I'm going to file a police report and CFPB complaint. I'm hoping the bank investigation will reveal at least some clues, through the video or vault logs. I'll post any updates if I find out anything more. Thanks again! +I thought I'd write about the last four years, an eventful time for Bitcoin and me. + +For those who don't know me, I'm Hal Finney. I got my start in crypto working on an early version of PGP, working closely with Phil Zimmermann. When Phil decided to start PGP Corporation, I was one of the first hires. I would work on PGP until my retirement. At the same time, I got involved with the Cypherpunks. I ran the first cryptographically based anonymous remailer, among other activities. + +Fast forward to late 2008 and the announcement of Bitcoin. I've noticed that cryptographic graybeards (I was in my mid 50's) tend to get cynical. I was more idealistic; I have always loved crypto, the mystery and the paradox of it. + +When Satoshi announced Bitcoin on the cryptography mailing list, he got a skeptical reception at best. Cryptographers have seen too many grand schemes by clueless noobs. They tend to have a knee jerk reaction. + +I was more positive. I had long been interested in cryptographic payment schemes. Plus I was lucky enough to meet and extensively correspond with both Wei Dai and Nick Szabo, generally acknowledged to have created ideas that would be realized with Bitcoin. I had made an attempt to create my own proof of work based currency, called RPOW. So I found Bitcoin facinating. + +When Satoshi announced the first release of the software, I grabbed it right away. I think I was the first person besides Satoshi to run bitcoin. I mined block 70-something, and I was the recipient of the first bitcoin transaction, when Satoshi sent ten coins to me as a test. I carried on an email conversation with Satoshi over the next few days, mostly me reporting bugs and him fixing them. + +Today, Satoshi's true identity has become a mystery. But at the time, I thought I was dealing with a young man of Japanese ancestry who was very smart and sincere. I've had the good fortune to know many brilliant people over the course of my life, so I recognize the signs. + +After a few days, bitcoin was running pretty stably, so I left it running. Those were the days when difficulty was 1, and you could find blocks with a CPU, not even a GPU. I mined several blocks over the next days. But I turned it off because it made my computer run hot, and the fan noise bothered me. In retrospect, I wish I had kept it up longer, but on the other hand I was extraordinarily lucky to be there at the beginning. It's one of those glass half full half empty things. + +The next I heard of Bitcoin was late 2010, when I was surprised to find that it was not only still going, bitcoins actually had monetary value. I dusted off my old wallet, and was relieved to discover that my bitcoins were still there. As the price climbed up to real money, I transferred the coins into an offline wallet, where hopefully they'll be worth something to my heirs. + +Speaking of heirs, I got a surprise in 2009, when I was suddenly diagnosed with a fatal disease. I was in the best shape of my life at the start of that year, I'd lost a lot of weight and taken up distance running. I'd run several half marathons, and I was starting to train for a full marathon. I worked my way up to 20+ mile runs, and I thought I was all set. That's when everything went wrong. + +My body began to fail. I slurred my speech, lost strength in my hands, and my legs were slow to recover. In August, 2009, I was given the diagnosis of ALS, also called Lou Gehrig's disease, after the famous baseball player who got it. + +ALS is a disease that kills moter neurons, which carry signals from the brain to the muscles. It causes first weakness, then gradually increasing paralysis. It is usually fatal in 2 to 5 years. My symptoms were mild at first and I continued to work, but fatigue and voice problems forced me to retire in early 2011. Since then the disease has continued its inexorable progression. + +Today, I am essentially paralyzed. I am fed through a tube, and my breathing is assisted through another tube. I operate the computer using a commercial eyetracker system. It also has a speech synthesizer, so this is my voice now. I spend all day in my power wheelchair. I worked up an interface using an arduino so that I can adjust my wheelchair's position using my eyes. + +It has been an adjustment, but my life is not too bad. I can still read, listen to music, and watch TV and movies. I recently discovered that I can even write code. It's very slow, probably 50 times slower than I was before. But I still love programming and it gives me goals. Currently I'm working on something Mike Hearn suggested, using the security features of modern processors, designed to support "Trusted Computing", to harden Bitcoin wallets. It's almost ready to release. I just have to do the documentation. + +And of course the price gyrations of bitcoins are entertaining to me. I have skin in the game. But I came by my bitcoins through luck, with little credit to me. I lived through the crash of 2011. So I've seen it before. Easy come, easy go. + +That's my story. I'm pretty lucky overall. Even with the ALS, my life is very satisfying. But my life expectancy is limited. Those discussions about inheriting your bitcoins are of more than academic interest. My bitcoins are stored in our safe deposit box, and my son and daughter are tech savvy. I think they're safe enough. I'm comfortable with my legacy. +In light of the news we are seeing where several banks are no longer permitting their credit cards being used for anything crypto related, here is a classic example of why they are doing it: + +>bitconnected1369redditor for 2 days [score hidden] an hour ago + +>I bought bitcoin at about 17k on its way up. Am I worried? No. I believe in the technology and I believe believers will be rewarded handsomely. I bought it on my credit card through Coinbase and had planned the repayments would be paid out of bitcoin profits. First payment due in a couple of weeks and I believe we will start to rise up before then. If we don’t, I can always sell a little bit of the crypto to make the minimum payment. + + +https://www.reddit.com/r/Bitcoin/comments/7v5ydz/daily_discussion_february_04_2018/dtrtlkh/ + +I hope that guy does not take too much of a hit, but this does remind me of when the SEC started with the PDT rule back in 2001. + +Everybody is going to hate it, but its going to save a lot of people from a lot of pain in the long run! + + +I need help figuring out how to manage myself better with trading. + +4 weeks ago I put 7,000$ into a trading account. +As of today it’s down to 195$. + +I don’t care about losing the money even though it was a lot to me. I’m planning on working overtime at my 9-5 till the end of the year to put another 5-7k in and I am determined to become a full time trader no matter what it takes, even if I have to work my shitty job for years. I’m okay blowing up as many accounts as I need to until I learn how to trade professionally. Being a trader is the only “dream job” I’ve ever had. (I don’t have a lot of hobbies I like.) + +Where I messed up was a couple things. The number one thing was to summarize not being disciplined. + +On paper I have a good strategy. I spent time working on it and it works well. + +When it comes to the real market lots of stuff happen. + +I plan on max 3-5 trades a day, the last two days alone I made over 100 trades. + +When the market opens I just find myself thinking every possible trade looks okay and taking it, upping position size to make up for losers, not stopping trading when I hit my daily loss amount, not stopping when I’ve hit my daily profit goal, basically I’m just running on adrenaline and not making the best choices. + +When I mess up my plan, my consequence is I’m supposed to paper trade the next day and then I can come back the following day. but the paper trading day comes and I feel confident that “today will be different!” I live trade and end of the day I’ve made the same mistakes. + +In week 3 and 4 I told myself I was going to drop my size to one share and really just focus on trading well. When the market opened I went to my usual size everyday. + +My strategy is option scalping, so my usual size is just 1 contract at a time. But I feel so much adrenaline when I’m trading I get overwhelmed and just make dumb choices. + +I’ve had probably 2-4 days in the last 20 days I traded where I followed my rules. Those were great days but I just was overwhelmed with wanting to do more. + +I absolutely love trading and I would probably do it for fun even if I didn’t need money, but I’m stuck on trying to find ways to fix my natural untrained state of mind. + +I’ve tried finding a mentor or looking for a trading psychologist but I’ve had no luck. + +Is this just something that everyone struggles with? If so how did you progress past the undisciplined state? + +Is there any resources, things I could learn, watch, read, practice daily, YouTube channels or anything at all to help me stick to my strategy live trading? + +I’ve watched think like a Professional trader by Mark Douglas a couple times, And I just found Randall Howells YouTube channel. +I watch trading videos by Meir Barak, Matt Diamond, Institute of Trading, and Rayner Teo. + +All great resources and I learn tons daily but in the moment my mind goes blank and I just mess up. + +Any and all help is appreciated. +So I’ve read a lot on here and elsewhere about options sellers losing out to b&h over time in raw gains. I recognize the current market is great for holding, so I’m looking for a more universal comparison. Set aside the bull market of today, set aside wsb mania, etc. Boring old wheel vs boring old buy and hold: which is a better use of the capital generally? Which is better for income or growth? And if the wheel doesn’t compete, is there a thetagang strat that does? +Does anyone regularly sell call options (or cash secured puts) against their holdings for regular income? How do you manage it on a monthly basis? + +The options market is historically extremely active right now and premiums for popular single stock names are really high. + +There’s also ETFs like QYLD which basically act as at the money covered calls on Nasdaq which I’m considering putting money into as well. +We are looking at a public charter school for our child and on the school tour were told that “board member preference” may have an influence on admissions. Is this a possible opening for making a donation to the school to improve chances for our child’s admission? This topic makes me uncomfortable because I’m not sure if this is normal / standard operating procedure or could be perceived as unethical. Honestly given it makes me uncomfortable maybe that is enough to say I shouldn’t try, but if it is very common then I don’t want to be playing checkers while other parents are playing chess. Also if this is common, who at the school would I talk to about it (unfortunately I don’t know any board members)? + +Edit: Replies so far are validating my gut feeling that we don’t donate until after (potential) acceptance; thank you - I’m far more comfortable with this. +I hate seeing post about not having pets if you are poor. Well if you are responsible about your ownership & can handle the hardship of your own struggle with a pet then don't let internet strangers turn you away or make you feel bad. + +I am poor & I have 2 dogs & an African Sideneck Turtle. I have worked with exotic animals for years & I could not see what my life would continue to bel like without them. I rescued my ACD from a terrible backyard situation & my AKC Pomeranian was stolen from the LPS i used to work at when he was 10 weeks old. When we got him back I promptly adopted the little man & he is now 4 years old. + +I have lived in poverty the whole time while I have my pets & I wouldn't change a thing about how I live. Sure bills can be stressful from time to time & food can be more basic than I like it, but my dogs are happy, healthy, well fed (better than me), shots up to date since I do my own vaccinations besides rabies since I can't legally do that, lots of toys & beds, & a warm roof over their heads. + +Don't be shamed into not thinking you can't own a pet because you are poor. Having a companion during stressful times helps a lot with the stress & it can also motivate you to do better with your money. I have seen plenty of rich people or well off people return rescue dogs or their pets because it was more work than they initially wanted. I've also have had animals abandoned on me by well off individuals ranging from cats in a dumpster to lizards abandoned in front of the store after closing to freeze to death over night. + +The amount of money does not equate to you being a great pet owner. +Curious as to see how you see opportunities related to the increasing wood prices and the sector in the coming months. Recommendations for value plays to look at? +My mate has recently arrived in Australia, He has been offered a job in beauty industry for $12/hr cash. However, The employer has said that he has to sign a contract that he won't leave for at least a year, or else he has to pay up to $4K back spent on his training. + +This is pretty confusing and new to me, and wondering if this is even legal? +Hi Everyone, + +Long time lurker here and fledgling investor. + +My wife and I are expecting a 2nd child and our 3bed/2bath home is starting to really feel cramped, we are both working from home so the guest bed is one office and the masterbed also functions as my workspace. + +I will be using ballpark #'s, we bought in 2018 in Tempe, AZ for 280k and the house is valued at 450-475K, our mortgage is $1500/month after we refinanced to 3% in 2020. Other rental homes with similar sizes are renting for between $2300-$2500/month. + +The market is rather insane right now in the county and homes we are interested in range between $475k-$550K. We plan to put 5% down so we are expecting to pay about $3000/month. I already have a relative who is willing to rent out the home as is & my uncle is a contractor willing to help with renovations on this home and the next, so we are considering renting to them for $2000/month (under market, but would provide value in other ways, plus we trust them). + +I am nervous about having to manage 2 mortgages and the responsibilities of being a landlord, but I believe we are a in position to make this move and I believe that values in AZ are only going to go higher. Our combined income is over 200K annually after we transitioned into higher paying jobs last year. + +I am open to feedback and thoughts on this. Folks think this is a decent time to buy? Do the price ranges make sense? Let me know! Thanks everyone! +We frequently see posts asking about what income taxes are due when someone sells their house, many times with misunderstandings about the rules. Even if you are not thinking about selling today, maybe you wonder how this works. Here is a quick summary of the rules for such things in the US; it includes the most common scenarios, but not every situation. (This excludes any state/local transfer taxes associated with the transaction.) + +- First, let's assume we are talking about the house you live in as your primary residence, as opposed to an investment property. (If you sell a property where you took any depreciation at any time, then you have other rules that came come into play, and that's another post. https://www.reddit.com/r/personalfinance/comments/dympoq/taxes_on_sale_of_investment_real_estate/) + +- If you sell the house you live in, the federal government (and then the various states) gives you a break if you own and occupy the property for at least two years. This doesn't have to be continuous, but usually it is. If you lived there for two+ of the last exactly five years, you're good, whether or not you live there where you sell. + +- The break is in the form of an exemption of some of (and usually all of...) the gains from the sale of the house in the amount of $250,000(!) for a single person, and $500,000(!!) for a married couple filing jointly. That's a pretty nice piece of untaxed income right there. All yours. No need to buy another house, or do anything else to qualify for this. You can take advantage of this once every 24 months. + +- What are gains? Counter-intuitively, it has little to do with the money you physically receive from the sale, or the amount after you pay off your mortgage. It has everything to do with the difference between a) your cost basis, which is usually what you originally paid for the house, way back in the day and b) what you received from selling the house, minus your cost of selling. I.e. you buy a house for $300K, and you sell it for $400K after brokerage commissions, etc....your gain is $100K. Even if you got $400K paid out because you didn't have a mortgage, or only got $50K because you recently refinanced to a bigger mortgage. + +- your cost basis starts out being what you paid for the property, and you can include some costs of buying, e.g. taxes you had to pay...those increase your basis. (With an inherited property, it's the market value at the time of death.) You then add the cost of permanent improvements you made to the house. Replaced the roof? Upgraded the kitchen? Those expenses improved your house and increased your cost basis, so reduce your gain when you sell. Maintenance does not increase your basis. + +- So, take what you realize from the sale (net proceeds, minus costs of selling), subtract your cost basis (purchase price plus improvements), that's your gain. Subtract $250K as a single person, $500K as a married couple. Anything remaining is subject to long-term capital gains taxes, typically 15% rate. + +- If you lost money on the house, then there is no impact on your taxes. You cannot deduct the loss on the sale of property held for personal use, including a house. + +- If you sold before you could pass the two years in the last five test, usually you get no exemption and owe tax on the gains, but there are some exceptional circumstances, including relocating to take a new job. + +Here are some articles that describe this process in more detail: + +https://www.thebalance.com/sale-of-your-home-3193496 + +https://smartasset.com/taxes/taxes-on-selling-a-house + +https://www.taxact.com/tax-information/tax-topics/12-tax-tips-when-you-sell-your-home + +Here are the IRS rules: https://www.irs.gov/publications/p523#en_US_2018_publink10008952 + +So, there you have it. The vast majority of personal residence sales result in no taxes due the exemptions, and don't even need to be reported on your taxes in most cases (though you may want to report them anyway). +What kind of side business and how much are you earning from it? What's your story? How do you find the energy and time to start and maintain it after a long day at your full-time job? +[https://www.cnbc.com/2018/08/01/amazon-plans-to-move-off-oracle-software-by-early-2020.html](https://www.cnbc.com/2018/08/01/amazon-plans-to-move-off-oracle-software-by-early-2020.html) + +Considering that Oracle database is extremely pricey and priced per CPU core, I think Amazon could make a substantial savings here. + +Edit: I am having too much fun here. Note that I'm pretty sure Amazon gets a steep discount so there's no way they are paying the following amount. + +This is Oracle multi core pricing: [http://www.oracle.com/us/corporate/press/017192\_EN](http://www.oracle.com/us/corporate/press/017192_EN). And oh, they charged by the soft core (CPU thread), not full physical core. + +From the example: 0.75 \* 8 \[cores\] \*$40,000 = $240,000. + +Now, let's play with the number. It's very believable for [amazon.com](https://amazon.com) database to be running on > 10,000 bare metal servers. Let's pretend that each server runs 30 cores. That makes the math: 0.75 \* 30 \* 10,000 \*$40,000 = $9,000,000,000. +You may remember me from my posts digging into actual evidence and timing of swaps among Citadel’s market positions. If not, or want a refresher, go [HERE](https://www.reddit.com/r/Superstonk/comments/vn0kyi/citadel_swap_cycles_headphones_the_meme_basket/) to read. + +**My hypothesis TLDR: Citadel has swaps between meme stocks, GME and $Beds, and KOSS on one side, Popcorn and others on the other. RC found these swaps, his August 2020 buy blew up these swaps leading to the sneeze in Jan 2021, approximately 133 days after the swap triggered. The SHF’s returned the swap in June 2021 through a huge FUD campaign and share dilution. I predicted RC’s 2022 buy would cause similar upward pressure on GME, Beds, and force a response from Popcorn approximately 133 days after triggering the swap a second time. RC is timing all of his moves to cause max pain against SHFs.** + +# August 1st, 2022 was 133 days since swap was triggered. + +**ENTERING TIT JACKING ZONE: USE EXTREME CAUTION. PROPER SAFETY EQUIPMENT REQUIRED.** + +**NOT FINANCIAL ADVICE, IM AN INDIVIDUAL INVESTOR SHARING MY OWN PERSONAL DD** + +It’s been a wild week! Craziness with the split divvy, random Chinese tickers, AA interview with the rat, and BBBY coming out of left field! My theory predicted all of this, well, maybe not the Chinese tickers. Seriously WTF is up with those?? + +Let’s compare my theory to recent events: + +GME stock price: Note the up trend starting on August 1 + +&#x200B; + +https://preview.redd.it/rvr38cl1prg91.jpg?width=1125&format=pjpg&auto=webp&s=a9c079b8c779d57da589f06071e39c78d56f8ae1 + +POPCORN stock price: Same up trend, but more controlled. + +&#x200B; + +https://preview.redd.it/oq0l9ao6prg91.jpg?width=1125&format=pjpg&auto=webp&s=8e97d21a2aaae3349b538d5a0b17353ad4598129 + +BBBY stock price: Huge lag. It was the weekend before it took off: + +&#x200B; + +https://preview.redd.it/hiv2c8raprg91.jpg?width=1125&format=pjpg&auto=webp&s=22be38e264c235fff42a7ddbe88a34c87709b9e3 + +To summarize: We are seeing GME and POPCORN in lockstep, POPCORN slightly lags. BBBY is clearly reacting somehow to the other two. + +Take a step back, why would these three tickers look so similar? MODS: these are factual statements intended to show the difference in market narrative of these three distinct stocks. + +1. A retailer in the gaming/technology space transforming into a digital marketplace launching imminently, 125,000+ proven retail owners, and $1B+ cash on hand? +2. An entertainment/movie company bleeding cash, 4.5% insider stock ownership over 36 owners, impending recession and pull back in household spending, and a gimmick business plan with no link to long term core profitability? +3. A retailer with an interim CEO, earnings miss, and sudden large AFTER HOURS movements? + +A note on after hours activity: + +[https://www.reddit.com/r/Superstonk/comments/s2opj1/i\_found\_this\_fascinating\_since\_1993\_the\_sp\_is\_up/](https://www.reddit.com/r/Superstonk/comments/s2opj1/i_found_this_fascinating_since_1993_the_sp_is_up/) + +**The only clear explanation is swaps as I outlined in my previous post. Even the timing is exactly as I theorized.** + +What I think is happening? RC is playing 11 dimensional chess. In January 2021, we didn’t have a big enough rocket. We couldn’t hit escape velocity ([Definition on wiki](https://en.wikipedia.org/wiki/Escape_velocity)). So RC has been working hard, strapping many rockets together and carefully orchestrating the timing with enough fuel for Uranus (engineers call this Margin of Safety, plan for Uranus, target the moon): + +Fellow Superstonkers pointed out this tweet from May, after the swap was triggered, foretold the date of more upward pressure: + +&#x200B; + +https://preview.redd.it/24b7057qqrg91.png?width=1208&format=png&auto=webp&s=787b0c186adbca13263eed0b60c67d74cea09cd6 + +&#x200B; + +He tweeted this July 27th, the day after Citadel would have failed a reconciliation of the swap. + +&#x200B; + +https://preview.redd.it/31no381eqrg91.png?width=1074&format=png&auto=webp&s=4b3c66a2e16c7b05a94ead45b472b2b3a04ca9cb + +Compare RC’s behavior to AA going on Cramer and their $APE thing. RC is actually building a tangible business in Web3 and NFT. We know that is real because we all have Gamestop wallets installed and activated. + +We also know this from that one interview RC gave…on that one show…you know with that guy…he was reassuring all of his retail supporters…What? RC hasn’t given a single interview since buying into GME? He only uses cryptic tweets? Maybe he learned a thing or two from Elon and public statements regarding stock he owns. + +We are close! Eyes on the prize, don’t get distracted now. + +# DRS your shares people! If its not DRS’ed its an IOU. Good luck selling an IOU during MOASS! + +&#x200B; + +**Edit for Clarity:** + +**741 = July 41st = August 10th = TOMORROW** + +**3/18/22 (RC buy) + 133 = 7/29 (friday, 8/1 was monday) represents the start of the window of expected extreme activity.** + +**4/4/22 (swap trigger) + 133 = 8/15 this represents the day of the first sneeze.** + +**This window, August 1st through August 15th should match the activity from January 12th through 26th, 2021 if my swap theory is correct.** + +**The Popcorn FUD and random BBBY weekend pop is all the proof I need.** +My parents are approaching the end of their mortgage, around 5 years left with 175k still owed on their interest only mortgage. Property value is around 250k but in need of some work, mainly cosmetic to bring it up to date. Dad is 71 years old so on his own will struggle to remortgage. They are looking at downsizing soon as the house is over 4 floors it's no longer viable for them to live there. Current mortgage payments are £270 approx. + +Some options; + +- They sell the property and have some money in the bank for retirement (they have absolutely no plans, mum is disabled). Will rent elsewhere. + +- They let the property out and rent elsewhere, an agent has told us in its current condition it'll achieve about £1000 pcm, then sell it in 5 years when their deal expires and they have no other choice. + +- We remortgage the property, keeping it interest only with myself as a joint applicant, keep the payments low and still let the house out, the money from the rent goes to them 100% but the up side is that we can look at a 15-20 year mortgage so it'll eventually pass to me. + +I understand the bottom may be deemed the higher risk but I'm in a position where I could afford to pay the mortgage on the property if anything were to happen to them, worst case scenario I can just sell it? + +All opinions and discussion welcome! +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. +Basically the title. Why is it that real estate is the biggest industry in the United States vs. manufacturing, invention, teaching, etc.? It just seems that our economy is built to reward those who invest or sell more than the people who build/create what is being invested in/sold. +One by one, the insane price increases we saw in 2021 and into 2022 are reversing or at least cooling down. It makes me think that through supply chains entering into overdrive and a looming recession, inflation will cool down quickly not slowly. Before I get to trucks, let me give a quick update on other trends. First, [inventories are piling up in retail](https://www.supplychainbrain.com/articles/35192-us-retailers-plan-big-discounts-as-inflation-inventory-add-up), with for example "a 32% jump in inventories during the first quarter" in Walmart. + +Second, measures of supply chain pressure [have clearly peaked (graph)](https://i.imgur.com/2oFu2Ae.png), the figure taken from [SupplyChainBrain](https://www.supplychainbrain.com/articles/35156-us-supply-snarls-ease-as-truck-capacity-rebounds): + +> A gauge of supply chain pressure in the U.S. economy fell to the lowest level since December 2020, as activity such as trucking cools from elevated levels with few signs yet of a worrying collapse. +> +> The Logistics Managers Index dropped to 67.1 in May, the second straight decline from a record of 76.2 reached in March. Faster gains in warehouse and inventory costs offset slower moves in transport prices. + +Third, [diesel future dropped at the end of last week](https://www.freightwaves.com/news/big-diesel-futures-drop-to-end-the-week), partly on news of Russia's oil production recovering slightly. +> +> The most significant bearish news in the market came out of Russia, where news reports said Deputy Prime Minister Alexander Novak told reporters that by finding alternate buyers to the Western countries and companies that have shunned Russian oil, the country’s output was close to the 10.2 million barrels per day level from February, prior to the invasion of Ukraine. + +Fourth, US ports seem to be peaking earlier than usual, indicating a slowdown may come earlier than later. [Article](https://www.supplychainbrain.com/articles/35187-top-us-port-enlists-white-house-help-to-clear-rail-cargo-logjam). + +Fifth, the Drewry composite World Container Index is decreasing slowly: [Graph](https://i.imgur.com/WUf1Qod.png), sourced from [the company website](https://www.drewry.co.uk/supply-chain-advisors/supply-chain-expertise/world-container-index-assessed-by-drewry). From the same website, here is the cost of shipping from Shanghai: [Graph](https://i.imgur.com/2WCTxY3.png). + +Now to the main article on used truck prices. While reading this, recall that used car prices were one of the main contributors to inflation back in Spring 2021. Article [(Freight Waves)](https://www.freightwaves.com/news/used-truck-auction-prices-falling-fast): + +> Auction prices of used trucks are falling almost as quickly as they rose over the last year. That is leaving owner-operators stuck with overpriced equipment they thought they could pay for in a hot spot freight market that is cooling off. +> +> “The market is primarily absorbing trucks from fleets no longer retaining all of their older iron as new trucks trickle in and, to an extent, from owner-operators leaving the industry or going to work for a fleet,” said Chris Visser, senior analyst and commercial vehicles product manager for J.D. Power Valuation Services. +> +> In its latest Guidelines report, **Power said auction prices in May for model year 2020 used trucks fell 11% from April. Prices for model year 2019 trucks fell 15.9% month over month and 2018 models dropped 9.9%.** +> +> “In May, 3- to 5-year-old trucks averaged 12.0% less money than April, but 57.5% more money than May 2021,” Visser said. “Year over year, late-model trucks sold in the first five months of 2022 averaged 82.6% more money than the same period of 2021.” + +> **Getting stuck by high used truck auction prices** +> +> When spot rates were paying $4 a mile and more, no price was too high for a fleet to add capacity. The idea was to take advantage of record-high rates and not worry about the equipment price premium. Now owner-operators who overpaid for equipment stand to get burned. +> +> “Trucking economy data shows rising terminations of owner-operator authorities and a steady and notable decline in spot rates from February through May,” Visser said. “Taken alone, those two items could suggest the new owner-operators who entered the industry in 2020-2021 are now exiting the industry.” +> +> Overall truck transportation employment increased through the spring. May was the highest month in recorded history for the sector. That suggests new owner-operators could be going to work for fleets. + +>**Retail prices still elevated** +> +> Retail prices in dealerships are still near record highs. Pricing moves tend to trail auction auctions. As rates fall, so will truck demand and prices, according to Steve Tam, vice president of ACT Research. +> +> “Unfortunately, long-awaited reports of loosening inventories come at exactly the wrong time in the cycle,” he said. “This is the beginning of the end of the cycle, which promises to be every bit as exciting on the way down as it was on the way up.” +> +> Just as auction and retail prices vary, the freight market consists of contracted and spot-rate pricing. +> +> “If your customers are mainly small fleets and owner-operators who operate in the spot market, you’re hearing the sky is falling,” Visser said. “If your customers are mainly larger fleets who operate in the contract market, you’re hearing conditions are still strong +> +> + +**Implication for Equities** + +If supply chain improvements alone improve inflation, the Fed can ease on their tightening and stocks will do relatively well. If demand reduction is what is driving improvements, this implies a recession and a possible worse bear market (or not, who knows). Both together? This may suggest that there will be a stock market in 2023. There may even be a market. Higher bond yields on US government bonds (caused by the Fed) mean that you can earn a higher premium for taking no risk at all. This means if you want to hold a riskier asset like a stock, you would demand an even higher premium. This causes stock prices to fall until the premium of buying it at that price is sufficiently high relative to bond yields. + +EDITS: + +1. The article is about freight trucking, not your regular consumer pick-up trucks. +2. It is impossible to draw obvious conclusions about the stock market from this. My low confidence response is that this is bullish for equities (if it slows down Fed hikes), maybe not the economy. +3. This is not an original thesis. +4. I am aware that inflation is more than just used truck prices. The intent of this post was to get a snapshot of some of the key industries in the US supply chain. I hope that is helpful. +I’m moving to Costa Rica in 3.5 months, I own a small website development agency and import/export some products in Florida for my primary income, so I am not planning on relying on trading for my primary source or even necessary income. However.... + +I trade options regularly and I just started to get into forex. If I could average a gain $300-350 a month that would cover my rent, which would be honestly awesome. + +Is it likely possible to make $300 a month manually trading forex with a $5000 account. + +What would be the best kind of trading to make this most likely... + +I’ve been doing a lot of research and starting trading on a Demo account, wanted to see what Reddit thinks + +*edit* +I need to average around $300 a month not $30 a day as I had it. +This realization just hit me. While I know we're all individual investors with our own motivations, including selfish ones, a common thread for many seems to be the desire to expose a corrupt system. + +To that end, apes likely have billions invested in GME already (with over a billion of that DRS'd). + +Apes and Superstonk are on the level of United Way, Salvation Army, St. Jude, or Feeding America in terms of total funds invested in a cause over the last year. Holy shit. + +And once MOASS happens, apes will be able to be bigger than any charity ever. +Young dividend investor here, after some hard work and a few dips, i have finally acquired 50 shares of MO, avg cost at $48 per share. Can’t wait for the next juicy dividend payout from them, i truly believe in this company. +Open r/superstonk . Sort by rising. + +&#x200B; + +Every. Post. Has. A. **Snek**. Award. Most of them have *only* the snek award. WTF? + +&#x200B; + +We've been playing the "who's snek guy" game for some time now: ppl making posts asking that every comment get snek'ed. And then, lo and behold, every. f\*cking. comment. gets. snek'ed. + +&#x200B; + +I'm getting really curious now: snek guy, who are you? Show thyself! And more importantly: why THE FUCK do you award every superstonk post? Do you just like sneks so much? Do you have too much coins to spend? Aaaaaah I don't think I'll be able to sleep tonight if we don't resolve who's behind this and WHY! + +EDIT: well, why am I surpised about getting 20+ snek awards on this one. You mean, mean people! Do you enjoy messing with your fellow ape like that? 😭 + +EDIT 2: seriously?! Woke up this morning in Europe to a couple of hundred notifications on this post. Seems like we’re all desperate to find the snek! The comments have also turned into one big snekfest - nice. +But we’re not much closer to solving the question: who is the (original) snek guy or gal? The mystery just seems to get bigger and bigger. + +In any case, thanks for the awards and comments. Even for the snek awards, although obviously that’s just you guys messing 😁🐍🐍🐍 +Some of you may remember that today is the anniversary of the Lehman Brothers bankruptcy which occurred on September 15, 2008. The bankruptcy is the largest in US history and triggered a 4% one day drop of the DJIA. + +Many of you may be aware that this subreddit started in March 2008 with the motto "What to invest in? What to avoid?" . The tag line was changed to "Lose money with friends" at some point afterwards. + +We keep the tag line "Lose money with friends" as a reminder that the capital markets carry risks. + +A few of the mods were discussing if perhaps we should consider changing our motto to something a bit more uplifting. + +We are soliciting ideas for the next remainder of the week and then this thread will get locked. + +Please keep suggestions consistent with the spirit of r/investing and there are no promises that the motto will change. +Here’s my take on the current situation, and what they’re doing: + +1- They have set the table to show that there are a boat-load of shorted shares that may need a home since the Debit swish implosion + +2- They have set clear price expectations (“at $30 this will go parabolic”) + +3- They are letting it run a bit, approaching $30 as we speak. + +4- They hope this will entice apes to buy lots of near term expiring options in anticipation of this expected “parabolic rise” + +5- The 100m+ borrowed shares will be used for the rug pull , to capture the options premiums. + +Apes, please stay vigilant. +Basically I was underpaid (something was not on the system correct when the system changed). + +After 2 weeks of chasing I got most of the money, I was forwarded the email asking accounts to pay me. The email said ‘XXXX is owed about £90’ so I received £90 when it should have been £94.50. + +Just seems very lazy on their behalf not to see how much I actually am owed. After all the effort I went through to get the money owed just seems like they will think I am being petty. + +Thoughts? + +**UPDATE** + +It’s being added to my next pay. Freddos on me boys, they are still 10p right? +Retired 56M ... liquid net worth around $13M, single no family. I have some software where I calculate how long I can live on my money, using the current tax tables, with what I think are exaggerated values for everything. I have my expenses at $20,000 a month (more like half of that), S&P returns at 2.5% a year, and buying a much more expensive house. It seems no matter how I slice it I have enough money to live out my life. I also try and keep around 3 years cash on hand just so I stomach large market corrections, and maybe after a big run down move some of it into equity. + +So my question is, is there any reason I should keep money in Bonds? I know Bogle recommends me to be like 50% at my age, but that just seems ridiculous to me, even 20% does. Even if the markets drop 50% I think I am still ok. Anyway I would appreciate any feedback (other than talk to a financial advisor). + +**Edit:** Really appreciate all the different viewpoints, and will definitely be thinking things over. +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. +I work in management in a company that does Fire protection, the work is steady and pretty well paid ( relatively speaking) +I’m sure people on here are across this way more than me, but I’m starting to feel really worried. My wife runs a cafe, they are now paying insane money for food( up 5 times what they were paying a year ago) , our rent is $600 per week in a town with 0.3% vacancy rates. +Shopping is costing a fortune. Everything seems to just be getting more and more expensive. +My question is, at what point do people just stop being able to afford to live ? + +EDIT: My wife runs the cafe, we don’t own it. +Just want to get ideas on what the ideal thing would be to do in everyones opinion on here in such a case. As an example, I had sold 2 xlk 153p expiring 14/4 almost a month or slightly more ago, and was very red at the bottom 3 weeks ago, but then when the market pumped, the puts were close to worthless and i was making a nice profit. At one point (28 march i think), each put was worth only 0.8. At this point, i was debating strategies and next moves. I didnt want to just close them and wait for a red day to sell more puts, because once the market goes retarded up it just keeps going and i might be left waiting. So what i did was closed the 2 153p 14/4 for 0.8 and sold one 160p 20/5 for 5.0 so basically got 340 bucks in premium. I did this because i have been targeting 300-400 premium a month. But now I’m thinking if i made a risky move and the strike is too close and if it wouldnt be better if instead of selling one 160p I’d have rather sold 2 155p or something similar. + +What would you have done if you 2 xlk 153p 14/4 almost worthless at around end of march? What would be your next move? +I was furious when I found out after the fact as I don't consider a ford crossover a luxury car. My wife who was listed as the driver may have signed something at the location however I was was the purchaser. I would be happy with a reduced amount but they will not work with me. + +In theory, I could live rent free or at a very low cost per month, and also build net worth, But I wanted to hear from the more experienced fellows who frequent this subreddit about doing this because I don’t really have any mentors who can give me advice on real estate. I will have a VA loan available if I choose to go this route as well if that helps what so ever. +I got married about a year and a half ago and we're looking to start expanding our family. That's led us to really take stock of our finances and try to get everything in order. We have our budget fairly well under control (thanks in large part to this subreddit), but there's the one REALLY big thing that I've sort of just stayed away from. The ~$700k sitting in an investment account that's all in just one stock. + +My wife's grandfather had the foresight to give her something like $10k worth of stock when she was born, and apparently picked a good one. It's performed well in the past and from all indications the company and the industry it's in will continue doing well in the future. And that's great, but everything inside of me is screaming to DIVERSIFY RIGHT NOW. My wife sees the problem, but we really don't know how to go about tackling the issue. + +Her grandfather always said that the money was to be used for school or for starting her own business. We're both in our late twenties and don't expect to be going back to school, and we're not likely to start our own businesses, so we've decided not to touch the money, but rather honor her grandfather's wishes and use it for our future kids' college funds. Which is really neat because her grandfather will have paid for his great grandkids' college educations 30+ years before they were born. + +Anyway, that's all to say that this is to be a long-term investment which we won't need to touch for approximately 20 years. + +My wife wants to talk to a financial adviser, and I agree, but I don't feel comfortable trusting some random stranger not to take advantage of us in some way when we're talking about that kind of money. + +tldr; we have 700k in just one stock. What do we do? + +EDIT: Thank you so much for all of the responses! The feedback from you all has been incredible and my wife and I have a lot more research to do, but this has been insanely helpful and will get us started off on the right foot. I can't thank you all enough. +So this is the first time I've heard of something like this and need know if it's something that can legitimately happen. + +My wife started a new job a little over a month ago to make some money on the side. After doing the training and starting this job she found out she wasn't going to be a good fit and ended up leaving the job after a week with them + +Fast forward to today and we receive a bill for $750 from this company for "damages" and her paycheck of $450 was subsidized out of it. + +Now, when she started we knew that the training was $250 and would be removed from her pay sold she leave before working for 90 days first. + +Can they charge us for anything else like this? + +EDIT: The job wasn't a pyramid scheme. It was an entry level position working with autistic children for ABA therapy. It does seem scammy to me and I'm worried about what to do if we were to not pay this bill. Going to look through all the paperwork better to see if there's anything in there saying we have to lay anything to them. + +EDIT 2: We found her onboarding paperwork and it does have a clause stating that she will have to pay the additional amount for not giving enough notice of her resignation. She called an asked for an itemized statement since the current bill only says "liquidated damages." I think we might be stuck paying for this, but we're going to at least make sure we have proof of exactly what we're paying for. +The three major credit reporting agencies announced Friday that they will strip 70% of medical debt information out of consumers' credit reports, starting July 2022. + +[CNBC Article](https://www.cnbc.com/amp/2022/03/18/credit-bureaus-to-strip-70-percent-of-unpaid-medical-debt-from-credit-reports.html) +I feel like celebrating. Ive worn the same pair of boots for 3 or 4 years now. Today i got some nice white converse and red vans from my moms friend. Perfect fit. Im a lucky guy. +Did it have to do with the number of tax payers paying into the US tax system or the GDP? I am really curious as to why the tax rates were that high in the middle half of the 1900s. +Hello, not sure if it's the right place or not but just wanted to share this to help in case someone wasn't aware, especially in times where everything is more expensive. + +Obviously if you want to save money, shop at supermarkets like Aldi or Lidl but if for some reason, you really want to do your shopping at Tesco or perhaps it's the closest one to your home by quite a few miles (like in my case) I've been doing the following (do bear in mind, it works better for families or if you're shopping for more than one person): + +Pay for the Clubcard Plus subscription that Tesco offers, yes it seems silly as it's £7.99 a month so why would you? + +It gives you two coupons of 10% off everything up to £200 each (you can only use one per bill). So if you plan a bit ahead and do two bigger shopping trips rather than few small ones you can save up to £40 a month. Less the monthly fee it's still a maximum of £32.01 a month you could cut off your grocery bill every month. + +The break even point is either a £80 or two £40 shops a month and it also only applies to in store shopping. + +EDIT: Added the break even point and that it only works if you do in store shopping, not to deliveries. +Age Mid-30’s w/ NW $18-$20M. + +My family is in the process of trying to qualify for a mortgage. We are in a weird spot, and before throwing up my hands, I wanted to hear the collective thoughts of this forum. + +Personally, our wealth is constructed of a large number of rental properties, an operating business, crypto, and liquid investments. The liquid investments are worth about $6M, but selling them would trigger a huge tax bill, and put us in my opinion, uncomfortably illiquid. + +My wife and I have our eyes on a place that is about $5.5M, but based on the above, I think it’s prudent to get a mortgage. What we are finding though, is that our regional banks (small ones in the midwest) who support our operating business, are choking at the amount of money we need for our VHCOL home. We are trying a mortgage broker, but are having limited success due to the complexity of our situation. + +My strategy from here if things don’t work out, is to wait until I get some more liquidity to just buy what we want in cash, and say, “to hell with it”. Am I looking at this correctly? + +TLDR: Is it normal for people with high net worth, but low liquidity, to struggle getting a mortgage? +https://www.forexlive.com/news/!/us-september-ppi-yy-vs-87-expected-20211014 + +>Prior was 8.3% y/y + +>PPI ex food and energy 6.8% vs 7.1% expected + +>m/m PPI +0.5% vs +0.6% expected + +>m/m ex food and energy +0.2% vs +0.5% expected + +This is the highest since at least November 2010 on the headline but the ex food and energy numbers are on the soft side. That highlights that pipeline price stresses might not be quite as high as advertised. Services PPI rose only modestly (helped by a contraction in prices for transportation and storage)... + +40 percent of the advance in PPI goods can be attributed to a 2.8-percent jump in prices for final demand energy. + +What do we think, inflation Bulls and Bears? +Hey guys. So as the title states, i've inherited over one million dollars. I've lived pretty lower-ish middle class my entire life, and I spent the first 10 years or so of my life in the projects. Anyways, the point is i'm not used to having anywhere close to this much money. + +Basically I really really need some advice as to what to do, as I am pretty lost and stressed. I want to put the money in some good low risk investments that will yield me around 4% yearly returns, which I read online is what I should expect. + +Here are some complications though. I have no idea how to invest at all. My father set up a meeting with Chase bank tomorrow, but i'm skeptical of trusting some random chase employ from my hometown with my livelihood. Is Chase respectable? Do they look out for my self interest? Should I look at big investment firms in NYC or Philadelphia or something? Please give me some advice in regards to this. And although it seems plausible, I simply won't give money to Vanguard or online banks. I'm skeptical of the online aspects of it, and there is absolutely 0% chance my father would be on board with me sending money to an online website. If Chase isn't good, what are some good reputable investment places I should go to? + +I plan on spending around 100k contributing for a home for my family. My father tells me it would be a good idea to invest another 200k and buy a house for myself now, as the real estate market should improve. Is this a good investment? + +I found out about this last Friday by the way, so it hasn't even been a week. + +Any advice would be really appreciated. + +EDIT: It would be cool if someone could reccomend me financial advisers / financial adviser firms in the NYC/New Jersey metro area. + +Edit: I should also add that i'm currently at college. It's a public university and I should end up paying around 60k when it's all said and done. Computer Science Major. + +Edit: I just want to say thank you to everyone who gave me some advice, I really appreciate it now. I have to go to sleep now as I have to get up early in the morning. Basically what I've decided i'm going to do for the short-short term is schedule and appointment with Schwab, and Fidelity. Also convince my dad that Chase is simply after commission money. I'm still going to contribute 100k into a new house for my father and siblings to live. I decided that I'm not going to invest 200k in a house for myself as it seems unwise. I plan on talking it over with a financial adviser, and he will most likely confirm this. Overall I am in a much better place now, and I thank all of you for your advice. Thanks once again. +Does anyone else in their personal lives struggle to find anyone who doesn’t obsess over materialistic things? A lot of people on this subreddit seem pretty frugal and smart with money, but outside of this, into everyday life, I can’t think of a single person in my personal life who doesn’t brag at every opportunity about their new car (financed of course), or the fact that they’re trading in their 12 month old phone for a newer one. + +I think people are perfectly entitled to spend their money how they want to, and I don’t want to sound like a prick and imply I’m by any means better than them for not following these same trends, but I’m genuinely mocked by these people for having a 5 year old phone and a 9 year old car. It just gets a bit exhausting trying to justify my lifestyle to people and feeling like a complete outcast all of the time. I went out to eat with some friends a few days ago and the conversation seemed to be a 3 hour pissing contest, trying to one-up one another with the shit that they’re buying. + +I get that we all spend money differently and we should spend it on the things we enjoy, but why should it be said in a way as if to put other people down who don’t follow that same lifestyle? + +I’m 23 and I feel like a complete alien sometimes. +I’ve really struggled financially the past 3 years or so with debt and spirally costs of living that the very idea of making a purchase—any purchase no matter how big or small is a session of hand wringing, pear clutching indecision. + +I feel guilt for the thought of buying something simple for myself like a new bath towel (because my current one is worn out) I stood at wal mart and stared at the towels and decided on an $8 white bath towel. As the cashier rings it up all I can think about is how I shouldn’t be spending money on that. + +It’s just crazy. Does anyone have advice on how to overcome? I’m finally saving some money now and things are getting better but I still do this weird self punishment thing where I torture myself with guilt and overthinking over every single penny. + +I feel like I’m stuck in a poverty/scarcity mindset. +r/AusFinaces's favourite ETF - VDHG closed at an all time high of $60.91. + +On 21st February 2020, just before the pandemic crash, it closed at $60.66. + +It has also paid out 5 sets of distributions since then, most of them quite high. +The entire cryptocurrency market has fallen significantly over the last day. + +### News Articles + +* https://www.marketwatch.com/story/bitcoin-tumbles-below-40-000-after-china-issues-crypto-warning-11621411944 +* https://www.cnn.com/2021/05/19/investing/bitcoin-price-drop-china-crypto-intl-hnk/index.html +* https://www.theblockcrypto.com/linked/105317/bearish-crypto-market-bitcoin-ether +* https://www.forbes.com/sites/billybambrough/2021/05/19/crypto-price-crash-bitcoin-drops-under-40000-as-ethereum-binances-bnb-cardano-and-dogecoin-collapse/ +* https://cointelegraph.com/news/350b-lost-in-crypto-bloodbath-as-bitcoin-and-co-sink-15-30 +* https://au.finance.yahoo.com/news/bitcoin-price-19-may-dogecoin-ethereum-elon-musk-cryptocurrency-080343749.html +* https://www.ft.com/content/c4c29bb3-c8ee-454c-a2dd-eac9f644007f +* https://www.theguardian.com/business/live/2021/may/19/uk-inflation-rises-april-energy-fuel-clothing-bitcoin-ftse-stock-markets-business-live +* https://www.bloomberg.com/news/articles/2021-05-19/bitcoin-erases-all-gains-since-elon-musk-s-initial-big-embrace +* https://www.coindesk.com/bitcoin-plunge-40k-liquidations + +### Helpful Reminders + +* The cryptocurrency market is volatile +* Never invest more than you can afford to lose +* Be prepared for exchange and service downtimes during times of heightened traffic and trading activity +* There are [resources available](https://www.mentalhealthfirstaid.org/mental-health-resources/) if you need help +* This subreddit is intended for discussion of cryptocurrency news +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +When I was 17 I started dealing drugs because I found no logical way (in my teen mind) to make money and have all the cool things I wanted. I eventually got caught by my parents (twice), and the law (once). Since then my record has been expunged and nobody knows about it (not even my parents). I was always broke. Never had more than 500 dollars in my bank account. + +At age 19 I got in a wreck on the way to buy some drugs (I had over 3k in my pocket) and I got hit driving through a green light. I got a settlement for 30 thousand dollars, and spent over a week in the hospital with a ruptured spleen. I nearly died, laying there in the hospital bed screaming and being pumped full of drugs that weren't working while my mom clutched my hand crying thinking this may be the last day she sees her son. + +Since then, i've stopped. I put my money from the lawyer into a puppy (whom I absolutely love to death), and the rest in my bank for college, and the rest I put into ethereum. I was fortunate enough to find this technology last year around december. Since then, ethereum has given me a new life and countless opportunities to do something better with myself. I quit everything drug wise, i don't even have friends who do drugs anymore. I now have better friends I can talk about crypto, stocks, and finances with and whom are healthy that contribute to a better lifestyle. I can now afford my dream car that i've always mentally masturbated to since I was 13 years old. I can now finish the rest of my college without any federal or private student loan debt. I can now buy my dad the 1976 corvette he had back when he was in high school because he's been struggling with work and it's the least I can do to show gratitude for doing the best he could while I was growing up. + +My family has always had money as the wedge that separated us and caused many of our problems. Thanks to ethereum, the technology behind it, and what you people have done, you have changed me and my family's life in ways that I could never have imagined. I am now no longer looking over my shoulder, worrying about if I will make it when I finish college, or have a burden of being enslaved by debt for the rest of my life. Thanks to ethereum, I now have a better life laid out for me and an endless opportunity to achieve my dreams I never thought would be possible. + +So i'd like to say thank you. To Vitalik, the developers all across the world working on this evolutionary technology, and the community who kept me grounded with a firm belief of what was, and still is yet to come. You've changed my life in ways I could never be grateful enough for, and i'm sure there are hundreds of thousands of others just like me that haven't spoken up. Thank you to everyone, and keep doing what you are doing no matter how many speedbumps come along the way because whether you believe it consciously or not, you are truly making this world a much, much better place. +Like many others who have been around here for a little while, I'm tired of seeing multiple posts a day asking for wheel suggestions. Research is critical in learning how to trade. Can we please consolidate requests for wheel suggestions here or in another thread that the mods can pin? +While quite a few companies suspended or slashed dividends during the recent events, it seems also quite a few are now showing positive earnings again/soon. + +I have a few of these in my port..MGM, BBBY, F to name a few. +Should we expect these dividends to be reinstated shortly..say within the next 6 months, or are they going forward, considering this their 'new norm'? + +And..any companies reinstating now, that we should reconsider? +The neighbours sheep have been running on my 5 acres for the last 10 years but now I'm thinking I should do something with it. I asked the neighbour, he doesn't want to buy it. + +I'm 32M, and have no debt but I also have no substantial savings (a couple thousand dollars). + +Do I sell it? Can I put something on it to make it worth more or make me money? + +TIA 😊 +Guten Morgen to this global band of Apes! 👋🦍 + +Apes, obviously the big news going into this week is the announcement by JP Morgan broadcast on CNBC that they expect GME to squeeze into January. While this is obviously similar to what we all expect to happen, the fact that JPM is speaking about it makes me think that they plan to try to control the squeeze, and are trying to gain as much credibility for 'calling it' ahead of time as possible, so perhaps they'll be believed when they claim that the squeeze is over. Apes immediately saw right through it, but there's been an awful lot of FUD over the weekend about how this is going to play out. + +We all know that GME is heavily shorted, and with a huge portion of the float locked away in ComputerShare with DRS, the number of real shares available at the DTCC is getting smaller by the day. The important thing to remember is that DRSing your shares is the best action you can possibly take to ensure that we reach the MOASS. The short institutions and prime brokers intend to get out of the mess they've created by colluding to avoid margin calls, and to try to control a fake squeeze in a way that lets them close as many of their short positions as possible for far less than the MOASS floor. They'll let it run up, post enormous amounts of gain porn FUD, short it to oblivion again (re-upping on shorts when FOMO investors buy in), maybe let it 'squeeze' again. The prices over the next several weeks are going to be *very* tempting to many Apes, and we're going to get a huge influx of FOMO and FUD. + +Don't let it affect your Diamantenhände. You know your floor, as clearly today as it was at $40 or back in June. We know that there is no way that they'll be able to close all of their short positions while we HODL the float. Resist the urge to 'cover your initial investment', ignore the frantic texts from your family/friends/coworkers advising you to get out while the price is 4-digits. We *know* that they have an impossible task ahead of them - closing a short position exceeding the free float several times over. With our Diamantenhänded grip on our shares, we will show them the true meaning of 'unlimited risk'. + +Today is Monday, December 20th, 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: **$155.33 / 137,10 €** *(volume: 4214)* +- 🟩 115 minutes in: $155.08 / 136,88 € *(volume: 3988)* +- ⬜ 110 minutes in: $155.02 / 136,82 € *(volume: 3957)* +- 🟩 105 minutes in: $155.02 / 136,82 € *(volume: 3951)* +- 🟩 100 minutes in: $154.47 / 136,34 € *(volume: 3820)* +- 🟥 95 minutes in: $154.44 / 136,31 € *(volume: 3730)* +- 🟩 90 minutes in: $154.68 / 136,52 € *(volume: 3644)* +- 🟥 85 minutes in: $154.41 / 136,29 € *(volume: 3510)* +- 🟩 80 minutes in: $154.64 / 136,49 € *(volume: 3494)* +- 🟥 75 minutes in: $154.40 / 136,27 € *(volume: 3401)* +- 🟩 70 minutes in: $154.41 / 136,29 € *(volume: 3266)* +- 🟩 65 minutes in: $154.09 / 136,00 € *(volume: 3085)* +- 🟥 60 minutes in: $154.03 / 135,95 € *(volume: 2913)* +- 🟩 55 minutes in: $154.46 / 136,32 € *(volume: 2714)* +- 🟥 50 minutes in: $154.40 / 136,28 € *(volume: 2622)* +- 🟩 45 minutes in: $154.50 / 136,36 € *(volume: 2559)* +- 🟥 40 minutes in: $154.34 / 136,22 € *(volume: 2528)* +- 🟥 35 minutes in: $154.47 / 136,34 € *(volume: 2284)* +- 🟩 30 minutes in: $154.71 / 136,55 € *(volume: 2131)* +- 🟥 25 minutes in: $154.40 / 136,28 € *(volume: 2050)* +- 🟥 20 minutes in: $155.42 / 137,18 € *(volume: 817)* +- 🟥 15 minutes in: $155.76 / 137,47 € *(volume: 485)* +- 🟥 10 minutes in: $155.84 / 137,55 € *(volume: 447)* +- 🟥 5 minutes in: $155.96 / 137,65 € *(volume: 308)* +- 🟩 0 minutes in: $155.99 / 137,68 € *(volume: 286)* +- 🟩 US close price: $155.64 / 137,37 € *($156.26 / 137,92 € 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 1.133. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I'm at a bit of a loss regarding which way to go to find the best deal flow to invest in alternative investments. I'm particularly interested in hedge funds, VC, and PE funds. + +I've heard people suggest RIAs on the one hand or megabanks (like Morgan Stanley) on the other. I'm only interested in the access to deals that I might otherwise not be able to get. I don't want other services at the moment. + +* What would be the best route for me, given what I'm looking for? I'd love to get specific suggestions on who to contact. +* What should I be expecting to pay, fee-wise? What kind of account minimums would I need to start getting deals from a Morgan Stanley, etc.? Would I just need to put money into a brokerage type account with them or do they have to actively manage something? + +Thanks very much. I'm aware that most of this sub would advise against making such investments but I'd still like to explore it. +Earlier this week, I rented an 8 foot from U-Haul, which was scheduled to be picked up this morning. I checked in on the mobile website, have all the receipts for my reservation, and paid the fees. I also scheduled two movers to come with me to help move some furniture onto the couch and off, which cost an extra $150. This was done entirely on U-Haul‘s website, mind you. + +Everything was going smoothly right up until I walked up to the counter to grab the key. The owner of this particular location gave me a weird look and said that my 8 foot pick up truck was unavailable, as it was broken down and in the shop. I was flabbergasted, there was absolutely no warning about this. They then refused to help me get another truck. He literally screamed “next in line!” and gestured me aside. + +Needless to say, I am furious. I called U-Haul’s customer service line multiple times this afternoon, was redirected maybe six or seven different people, but nobody had any idea how to resolve my issue. Eventually I was directed to someone in their scheduling department and they said that they could only refund my credit card $50 for the inconvenience. They did offer another truck on the other side of town that I could go get it, but by the time I got there the movers were no longer available. Ultimately, I had to give the movers the payment code for their time, as this wasn’t their fault. $150 for the movers and $80-ish for the truck rental, gone, all because of U-Haul’s screw up. + +I asked the Customer Service lady if there was anyway I could reschedule with another location with the same truck and movers without having to pay anything extra, as this was not my fault. They said it was not possible, and the $50 credit was the best they can do, and I’d have to pay for movers and any other truck fees again if I wanted to schedule again. + +What are my options here? I feel duped, and I have a good reason to go do a charge back on my credit card for this crap, but I want to make sure I see all my options first. +Hey everyone, +So I’m trying to use kalman filters in my pairs trading strategy to compute a dynamic ratio for two cointegrated assets. However, I’m unable to find a good resource that helps me achieve this in code. Many articles I found leave out many code bits necessary for a final solution. Do any of you know a good resource for a pairs trading w/ kalman filters implementation? +Thanks in advance. +I learned recently that in the US, on average houses have not increased in real value in the past 100 years (i.e. their increase in value has not beaten inflation by much). I understand that the average here conceals huge differences: some houses have skyrocketed in value and others have plummeted. But still interesting. + +Is there similar data for the UK? An average number will probably not be informative for house buying, but an interesting question to know the answer to I reckon. + +EDIT: data on this would be especially welcome! It's often quite hard to know if something has been increasing above inflation just through 'lived experience of price increases' and of course the media biases our perceptions +https://www.marketwatch.com/story/everybody-is-looking-at-inflation-through-the-wrong-lens-the-best-measure-shows-it-fell-to-the-feds-target-in-the-past-three-months-11665669475 + +Text version: + +Inflation is slowing, but how much is it slowing? + +That’s the big question facing policy makers, investors and consumers. + +Unfortunately, the way we talk about the inflation numbers — released Thursday — can confuse as much as it can clarify. If we focus our attention on how much inflation we’ve already endured, we may miss clues about how much inflation we have yet to endure, which is the most important question. + +Instead of concentrating on the here and now, most reports put the year-on-year inflation rate in the headline. + +Not to pick on anyone, but here’s how The New York Times reported Thursday’s report on the consumer price index: “Consumer prices rose 8.2 percent in the year through September, in a report that dashes hopes that inflation in the U.S. may be slowing down.” + +That’s not wrong, but it’s seriously misleading. I’ll show you a more useful way to think about the numbers. + +Making sense of economic data is often a matter of finding the right context, which means the first thing you should do is ask yourself how you want to make use of the data. There are several correct ways of displaying the data, but some are better than others at answering specific questions. + +What’s inflation done over the longer run? +For instance, if we want to know how much inflation we’ve already endured, it might be best to look at the year-on-year increase in the CPI. (The same logic in this column applies to the Fed’s preferred measure, the personal consumption expenditure price index.) We would compare current prices with prices a year earlier. This may be the most common way the CPI is reported in the media right now, because it puts the intensity and persistence of inflation into a perspective that readers can relate to. + +This method answers the question: How far have we come? + +In this case, we would find that consumer prices have risen 8.2% since September 2021. That’s very high inflation, but it’s lower than the 9% year-on-year increase recorded in June, which was a 40-year high. + +If we looked just at the year-on-year increase in the CPI, we might agree with the Federal Reserve’s assessment that there hasn’t been an “appreciable decline” in bringing inflation down to the 2% target. + +The year-on-year perspective is good for seeing how far we’ve come, but it’s not so good at predicting where inflation is going, because it’s essentially a backward-looking measure. It gives equal weight to inflation in September 2021 and inflation in September 2022. Yet the inflation rate from a year ago has little bearing on what the inflation rate will be going forward. + +The best predictor of this month’s inflation rate is last month’s inflation. The CPI is dominated by so-called sticky prices that don’t change very often. Inflation is pretty persistent from month to month. + +What’s inflation doing lately? +So if we wanted to know how hot inflation has been running lately, we’d look at a shorter period of time, say, one month. The media frequently report the CPI this way, using the month-to-month percentage change rather than an annual rate. + +In this case, the data would say that the CPI rose 0.4% in September after a 0.1% increase in August. + +But using the monthly percentage change seems like a weird choice when we use annual rates for the year-on-year gain. It’s like talking about miles-per-hour and then switching to feet-per-second. + +That’s why many analysts prefer to convert the monthly change into an annual rate so that it’s comparable to the year-on-year inflation rate. The data say that the CPI rose at an annual rate of 4.7% in September versus the 17.1% pace in June, which was a 17-year high. + +The monthly data seem awfully noisy. So let’s find the underlying trend by taking a three-month average to smooth out the bumps. In this case, the data say that the CPI rose at a 2% annual rate from July through through September, down from 11% in June and 11.3% in March, which was a 41-year high. + +This perspective answers the question: What’s happening with inflation yesterday, today and tomorrow? + +If we look at the three-month smoothed annual rate, we might disagree with the Fed about how much progress they’ve made. Going from 11.3% in March when the Fed started raising interest rates to 2% now isn’t nothing. It looks like — dare we say it? — progress. + +The Fed has actually hit its 2% target over the past three months, but of course the Fed is concerned that inflation could accelerate from here, especially in the hugely important shelter category, where hot inflation for the next year or so is baked into the cake. + +What question do we want to answer? +All these measures of CPI are correct; they just come from a different perspective. Which one should we pay attention to? The one that says no appreciable progress has been made, or the one that says some-but-not-enough progress has been made? If we have a bias toward which story we want to tell, the answer is obvious. + +But if we want an honest account, we’ll use the perspective that answers the question we are asking and let the chips fall where they may. (What you don’t do is start with the answer you want and then work backwards.) + +That’s why I think the best way to think about the inflation we’re seeing now — and which is likely to persist in the near future — is to look at the three-month smoothed, seasonally adjusted annual rate. + +That perspective is a lot more honest than the other way, and it’s a lot more hopeful, as well. +Key themes I have encountered after being on these forums for 1 year, together with watching tons of YouTube, TikTok, propertychat, finance influencers, etc. . Let me know if I've misssed anything. This is the most simplified, bare-bones thing. + +**Note:** None of this is financial advice. Just reporting on themes I've encountered. + +* **ETFs - VDHG / VAS / VGS / SP500** \- these are common ETFs that people tend to invest in +* **Superannuation Concessional Contributions** \- $27.5K cap that you can use to lower your taxable income and fast track your retirement savings +* **PPOR - use offset account** to reduce the amount upon which interest is charged, thus allowing you to pay off your +* **Investment property** \- good because you can leverage money with a 10% - 20% deposit and control an asset that is worth much more; may benefit from appreciation and cash flow but like anything has its risks. Can take advantage of negative gearing in some circumstances. +* **Individual stocks** \- general consensus that unless you know what you're doing this is sometimes a lot riskier as you are not as diversified. +* **Risk** \- lowest risk tends to be cash in bank (government will guarantee up to $250K if anything goes wrong). Then next in line is bonds, ETFs, property/stocks, etc. Generally, I have read that it is important to stay diversified. +* **Emergency savings** \- good idea to have an emergency fund for 6-12 months worth of expenses. Especially in a recession when you could lose your job. +* **Mindset, habits, etc.** Pretty broad stuff here -- focus on work/life balance, stay focused on setting and achieving savings and investing goals, discipline, etc. + +Have I missed anything? +Shoutout to all the hodlers who held firm in the midst of pure chaos. i was fully prepared to see wild swings and big losses. ETH hodlers are a different breed. Salute to all of you. +Guten Morgen to this global band of Apes! 👋🦍 + +This week is incredible, and it's not even half done. +Obviously the big news is that BaFin came through, and is standing up for German Apes. +I'd trusted them to do so, far more than I ever would trust the SEC. +They clarified that GameStop had issued a stock split by dividend, and they have instructed the custodian banks to ensure that the shares are distributed to HODLers. +They *also* indicated that there might be some fuckery going on with getting the shares to the custodian banks, but I have no doubt that BaFin will continue to engage as needed to ensure things get sorted out. +However, that is only a piece of the puzzle. + +The waters are much murkier with how things are going in the US markets. +ComputerShare confirmed the split by stock dividend, and that the new shares would be distributed directly to HODLers at ComputerShare, with the rest going to the DTCC to distribute. +It seems that the DTCC will have received the shares, but was communicating to other institutions that they should treat it as a stock split and should not expect any additional shares to be distributed. +This is highly suspect, and I expect that it is because there is simply no way for the DTCC to distribute the shares they received to all HODLers entitled to the dividend. +The sheer number of synthetic shares makes it impossible. +However, I don't know what they expected to happen. +Did they think we wouldn't notice? +Did they expect this to go any differently than it has? + +This level of manipulation is exactly why so many of us are HODLing for market reform. +That such crimes are committed so brazenly without SEC intervention like BaFin's statement is inexcusable. +It is clear that the DTCC is trying to prevent a disaster for their Hedge Fund masters here. +Will the SEC allow this to happen? + +What I do know is that our Diamantenhände are making a difference. +The rate of DRS has spiked in recent days, for obvious reasons. +As we continue to lock the float, the pressure on the DTCC will continue to escalate, at a time when they are desperate for legitimate shares. +If you were ever on the fence about DRS, now is the best time yet to make the move. + +Today is Wednesday, August 3rd, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$36.41 / 35,61 €** *(volume: 3434)* +- 🟥 115 minutes in: $36.47 / 35,67 € *(volume: 3130)* +- 🟥 110 minutes in: $36.47 / 35,67 € *(volume: 3092)* +- 🟥 105 minutes in: $36.48 / 35,68 € *(volume: 3023)* +- 🟩 100 minutes in: $36.50 / 35,70 € *(volume: 2923)* +- 🟥 95 minutes in: $36.47 / 35,67 € *(volume: 2886)* +- ⬜ 90 minutes in: $36.48 / 35,68 € *(volume: 2884)* +- ⬜ 85 minutes in: $36.48 / 35,68 € *(volume: 2772)* +- ⬜ 80 minutes in: $36.48 / 35,68 € *(volume: 2772)* +- 🟥 75 minutes in: $36.48 / 35,68 € *(volume: 2770)* +- 🟩 70 minutes in: $36.48 / 35,68 € *(volume: 2600)* +- 🟥 65 minutes in: $36.17 / 35,38 € *(volume: 2585)* +- 🟩 60 minutes in: $36.24 / 35,44 € *(volume: 2585)* +- 🟩 55 minutes in: $36.24 / 35,44 € *(volume: 2561)* +- 🟥 50 minutes in: $36.20 / 35,41 € *(volume: 2561)* +- 🟩 45 minutes in: $36.21 / 35,41 € *(volume: 1118)* +- 🟥 40 minutes in: $36.18 / 35,39 € *(volume: 1093)* +- 🟩 35 minutes in: $36.23 / 35,44 € *(volume: 1053)* +- 🟥 30 minutes in: $36.19 / 35,39 € *(volume: 1003)* +- 🟩 25 minutes in: $36.20 / 35,41 € *(volume: 581)* +- 🟥 20 minutes in: $36.20 / 35,41 € *(volume: 556)* +- 🟥 15 minutes in: $36.20 / 35,41 € *(volume: 349)* +- 🟩 10 minutes in: $36.25 / 35,46 € *(volume: 180)* +- 🟩 5 minutes in: $36.19 / 35,40 € *(volume: 170)* +- 🟩 0 minutes in: $36.19 / 35,39 € *(volume: 82)* +- 🟩 US close price: $35.84 / 35,05 € *($35.88 / 35,09 € 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 1.0224. 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! +having ready access to my dollars without waiting for Norbert's Gambit is a lot more reassuring, lots of ETFs like VEQT nowadays to just dump your money in too, and imo for individual stock picks, stuff like Canadian banks and energy are quite enticing enough n this environment over US tech stocks + +I opened an IBKR account but I'm a bit intimidated by the commission costs, seems like you'll end up paying way more than $9.99/trade (never mind $0 commission NBDB or Disnat) when you eventually have to sell more than 1000 shares of anything. The wait times for deposits to clear is quite inconvenient too +Are there are programs or methodologies you would implement / take advantage of if you knew your household income was going to more than double in a year's time? + +Context: + +I'm a software engineer in Boston making $80k base. With benefits and bonus - $105k. + +My wife is currently a 4th year dental student who will be graduating in May 2020. Once she graduates, I'm expecting her to make about the average for the area which I've heard can be anywhere from $120k - $200k, conservatively planning for the lower end. + +I'm also optimistically expecting, but not banking on, receiving a promotion by the end of 2020 to push me to ~$150k. Suffice to say, I'm bullish on both of our career prospects and would like to take advantage of our incredibly fortunate position. + +An example of something I've been looking into: Boston offers down payment assistance and reduced-income condo purchases to those who fall within certain income brackets, which for the moment, I believe we barely do, but will obviously not in a year or so. + +I've already done the safe moves by maxing my 401k, HSA, both our Roth IRAs, as well as contributing the tax-beneficial max into a 529. + +Is there anything lawyers, other medical professionals, etc do when they know their hard-earned checks are about to start coming in? + +Whether it's high-leverage investments, programs that only exist for earners in certain brackets, etc. + +I realize this is relatively vague, but I'm not exactly sure what I'm looking for / if there's anything there, but I figure it's worth exploring and might be of benefit to other future FatFIRE-ers. + +Thanks everyone. Love this community. +Am I being played somehow or is this what smart people do? Why not just use a credit card for everything and pay off the amount spent on the card each month? Are they just relying on people spending more than they have so they can make it back in the form of interest? + +What’s the smart way to use a credit card? +Apes, gorillas, cucks, tards, and degenerates gather round, Uncle Hank has some more technical DD to bestow on your smooth brains. Please ~~bear~~ bull with me, because this will be long. Some of you have probably seen my other posts and this will be much the same; however, this technical analysis will be more in-depth and will cover a wider ranger of indicators than previous posts. I am a technical trader and these are the indicators that I have used in the past and that I have found helpful, but this is in no way exhaustive and there are many other indicators and trading styles that are just as useful as these. Finally, I am not a financial advisor, this is not financial advice, my brain is literally a senile amoeba. As you can probably tell, I have an ADHD medicine prescription. I worked very hard on this and hope that you apes enjoy it! + +**Volume - catalysts** + +I put volume here first becuase it is BY FAR the most important indicator for a stock and ESEPCIALLY GME. Let me be clear, volume is king. Volume is god. Volume is your wife's boyfriend's wife's boyfriend's wife's boyfriend's wife's pimp's boyfriend's boss' 3rd wife's byofriend (that might be an understatement tbh). If you look at GME's chart, every single giant price increase was preceded by a large influx of volume. This is not unique to GME, as any stock requires a massive amount of volume for a massive increase in price: + +https://preview.redd.it/x4y89amnrfo61.png?width=1071&format=png&auto=webp&s=f162175a836a710ce3896fa61f45706ded9fdc2e + +&#x200B; + +Understand that volume is the only thing that will make this stock spike, as with any stock. The stock is not going to magically go to the moon without a ton of people on the buy side. Again, this is not exclusive to GME. When a stock has a great earnings report, acquisition news, FDA approval, etc, you will see a massive volume spike that leads to a massive increase (or decrease) in price. Now you're probably thinking to yourself, "ok Uncle Hank, but my tiny ape brain can't comprehend what makes volume increase." Well, volume is simply the number of people buying or selling the stock, so that begs the question, what makes more people buy or sell a stock? Catalysts. We have seen that GME is especially sensitive to catalysts. I believe that this is because WSB/retail investors own a LARGE portion of GME's float, so that guarantees that there are a stable number of holds, so when there is news, demand spikes while supply is still low. I am now going to go over the past catalysts that made GME spike so you can get an idea of this. First, here is a pic of GME's volume since January. I call it an angsty teenage boy's hair because it is SPIKEY: + +https://preview.redd.it/mhtvivaprfo61.png?width=675&format=png&auto=webp&s=e31b6d1d9b3521a4c18be7636526e13d8c334dd7 + +&#x200B; + +The very first spike in GME's volume was in November when our lord and daddy Ryan Cohen announced his stake in GME. This isn't pictured here because it isn't significant compared to volume from the past few months. I think at that point most people thought cohen was on DMT when he hit the buy button for GME. The first big spike on here is in early January (11-13th ish), which is when Ryan Cohen was announced as being a member of the board. This is when people were like "ok maybe Cohen wasn't on DMT, but he def took some wicked shrooms when he pushed that buy button"). In the next few days we see volume decline but still elevate compared to previous levels because of increased media attention. The next jump, which was very red was when our special needs friend Andrew Left announced his short position, which subsequently led to WSB ass ramming him on the internet (dude literally got his cheeks clapped by a bunch of apes and had a tantrum). This is where things really started to kick off. After this, there is a giant orgy of volume for a few days because of Elon tweets, Chamath support, Mark Cuban talking to us, media coverage, and the revelation that GME was shorted over 100%. This was the frenzy of late January. After that, everything died down regarding volume, price, and media attention. HOWEVER, the volume picked back up (and price corresponded) when GME ousted their CFO. Most people thought that Cohen had something to do with this. Full disclosure, I thought that GME was done when it tanked the first time, and this showed me its true power. We then see one more volume spike when it was announced that Cohen was being appointed as the head of the board that would change GME to a digital company. Since then, volume has gone down. The following charts show GME's volume and price in each of the past few months so you can get an idea of how crucial volume is: + +https://preview.redd.it/pc3a5kxqrfo61.png?width=182&format=png&auto=webp&s=e21bb57d541c82bd0973f991f608243999a05189 + +https://preview.redd.it/5p55jvxqrfo61.png?width=182&format=png&auto=webp&s=17d87c7618a76a429820adce815d235cbecc0601 + +https://preview.redd.it/dzq9bkxqrfo61.png?width=171&format=png&auto=webp&s=a3b11369d73f5a62f36b5cbaf5ee82194a4b7457 + +&#x200B; + +So, now you understand that volume is king and is the only thing that will move GME. When people talk about (X will move GME), they are saying that the event will create positive volume, which will allow GME to rise. So, what are the potential catalysts we have in the future for this volume rise? Earnings is obviously the closest one. The actual numbers don't really matter here. If GME beats significantly, it might cause a rise, but the real thing that we're looking for is the conference call. On the conference call, if we hear news about the digital transformation, acquisitions, a new CFO, or anything relating to Cohen, there will be massive volume and a price increase. If those things are not discussed on the earnings call, then they will be catalysts in the next few months. If GME appoints a new CFO, I believe that catalysts will significantly drive it up as we saw the price 4x in a few days when they merely announced that they ousted the old one. If Cohen gets appointed CEO... oh.... get fucking ready. So, now you understand that Volume is king and all this talk of "the squeeze might happen here" or "the chart makes it look like the squeeze is coming" are irrelevant if they don't coincide with an event that will significantly drive up volume. + +**OBV** + +"But Uncle Hank, what can you tell us about volume when there haven't been giant spikes." Glad you asked, that's where OBV comes into play. OBV (on balance volume). is a volume indicator that was founded on the idea that volume precedes price (keep that idea in the back of your head). For those of you who didn't finish 3rd grade, precedes means it comes before. OBV is a running total of positive or negative volume that depends on price for that calculation. In this calculation, the volume of a candle is either added or subtracted to the OBV total, which is denoted by a line, depending on if it's negative or positive (this is an oversimplification but just know that it's a running total). If a candle is neutral, the volume of that candle will not be added. Thankfully, GME rarely has neutral candles cuz it's so volatile. If it's positive, the volume is added to the total, if it's negative, the volume is subtracted from the total. For example (these are random numbers, don't start eating your crayons yet), let's say a given stock's OBV is 1,000. Then, there is a negative candle with a volume of 2. The OBV would now be 998. Then, there is a positive candle with a volume of 100. The OBV would now be 1098. This is why OBV is shown as a line rather than candles like volume. OBV is a trend indicator (remember volume proceeds price), so the actual value of OBV is largely insignificant, rather the trend of OBV is what matters. Because volume proceeds price, OBV allows you to predict where a stock will go because if OBV is increasing, it means that there is a lot of volume in green candles and less volume in red candles. IMO, OBV is best used to predict where a stock is going when it's consolidating, and oh would you look at that, GME is consolidating. If a stock is consolidating and OBV is increasing, that is an indication that when it breaks the trend, it will be high. The opposite would be true if OBV was decreasing. Generally, if a stock is increasing in price and OBV is increasing, you can expect it to continue that trend. If the price is increasing but OBV is decreasing, you can expect it to go negative in the future. This all goes back to the idea that volume precedes price. The below pic shows GME's OBV (the yellow line) on different time scales. + +https://preview.redd.it/rmbx8r3trfo61.png?width=713&format=png&auto=webp&s=b34b39b2ffdc2872f94b062827d8ae30dff7c6ba + +&#x200B; + +So what does this mean? Gonna just take this from my other post because I think I explained it well: The commonality between all of these graphs is that OBV continues to increase. If you look at the 1-year and 90-day charts, you can see that OBV took a very small hit when GME collapsed after the January squeeze. However, OBV has continually increased in value since then and is currently higher than it was in January. This means that the green candles (the uptrends) have higher volume than the red candles (the downtrends). This is extremely bullish. We can also see that although volume may be decreasing in the 30-day and 10-day charts, OBV is still increasing, which means that there is much more volume on the buy-side than the sell-side. Even with all of these monster short attacks (like the one we saw last week), there is still a net positive uptrend in OBV, which further adds to the bullish sentiment. Personally, I think that this is partially because of continued retail interest, but, more importantly, I think that this adds credence to the theory that we have an institutional ally or allies that continually buy GME and are trying to initiate the squeeze. This takes away credence from the idea that HFs are just manipulating the price up and down for their own benefit. Furthermore, many people also believe that GME and AMC are correlated. Though this may be true to an extent (they move similarly but not identically), OBV is much more bullish for GME. AMC's OBV is increasing similar to GME's but is not higher than it was in January like GME currently is. AMC's OBV dropped significantly after January and has not returned to those January levels yet. As stated above, GME is and has been above its January OBV levels for a while now. This is not to bash AMC, I am very bullish and AMC and have a position in it. All that this is showing is that GME seems to have greater bullish momentum than AMC and that the stocks are not perfectly correlated like many people think. The massive OBV of GME also suggests that it will be relatively easy for it to have a rapid, parabolic upward move. + +So, now you understand that volume is king, we need volume for GME to increase, volume is not increasing, but OBV is still increasing. This is good. + +**SPY and VIX** + +Many of you have probably seen the news that GME has a disgustingly negative beta (I've seen -2, -8, and even -13). Beta essentially is the factor of how the stock follow the market. A beta of 1 would mean that the stock follows the market (if the market is up, it is up proportionately). A negative beta, however, means the opposite. It means that the stock essentially doesn't follow the market and actually goes in the opposite direction. If you've seen some of the other DDs, you can find comments from people with economics and finance degrees/knowledge saying how rare a beta THAT negative is. There are tons of other DDs with info from Bloomberg terminals and other stuff that demonstrate this negative beta. Just know that it means GME doesn't like to follow the market. Below are charts that compare GME to SPY and the VIX. SPY and VIX are the purple lines (first one is VIX, second is SPY): + +Though the correlation is not perfect, you can see that GME seems to be inversely related to SPY and positively related to the VIX. This makes sense because VIX spikes usually happen during market turbulence, high volume, and volatility, which are exactly what GME needs. Lucky for us, SPY is pretty fucking overbought right now. The effects of stimmys have already been priced in on SPY, and I believe that funds are going to continue to short the 10-year bond, which will push the stock market down. Essentially, the market is overbought, needs to pull back, is overinflated, and will soon have to factor in the looming threat of inflation. Again, volume is more important than this, but this is just something good to keep in line. + +https://preview.redd.it/q1b0m8furfo61.png?width=912&format=png&auto=webp&s=8bb5544f3c48e477658f877c408af003a2dda633 + +**Support and resistance** + +https://preview.redd.it/slo3fv3wrfo61.png?width=1722&format=png&auto=webp&s=7e3f924e3df995fb61353f38129c591ccf86a835 + +&#x200B; + +In this section, I'm going to just give a brief overview of the support and resistance lines that we have developed. Again, sorry for all of the lines, I am a technical trader who was raised in a crayon factory, so I cannot help myself. The first thing to take a look at is the fat orange line. This line was resistance for GME when it had its second pop at the end of February. We have however since broken that resistance. As many of you know, previous resistance usually acts as future support in uptrends and this is VIOLENTLY true for GME. That fat orange line has withstood several short attacks and has literally bounced right back up since. Is this because of psychological levels? Is it a whale doing that on purpose? Is it the hedgies playing games? It's impossible to know, just know that the support is stronger than my wife's boyfriend's hatred of me. The fat yellow line on the bottom is essentially our doomsday level of support... let's not talk about that and hope we never get there. The fat green, yellow, and red lines on the top are our god levels of resistance. We had a bulltrap on the top green line just before that massive short attack. Getting above these levels is extremely crucial as they will be strong support. If we can get above the red line and stay there... MOON. Just know that we currently have some very strong support at 180ish and that is a great thing to have, especially because of how tested it has been. + +**Current patterns** + +Looking at the chart, I can see many patterns forming and almost all of them are bullish. First, you've probably seen the billions of posts of cups and handles. I can 100% see that pattern forming, and believe in its merit. Since there are so many posts on it, I won't waste your time with a picture. The first pattern that I see is a giant triangle pattern from the 513 high with support slightly below 100. This is signified by the fat yellow line on the bottom and the skinny diagonal yellow line: + +https://preview.redd.it/u3crqynxrfo61.png?width=946&format=png&auto=webp&s=6a1df9c8da258c7a6b8c4ee448dd71fa8c71a6da + +&#x200B; + +As you can see, we broke that pattern in a bullish way and used the resistance from that (180ish) as our current iron-clad support. From there, I saw a bullish pennant pattern (the two orange lines), however, as many of you know, this pattern didn't play out as we kept testing that 180 support. Instead of forming a pennant, I believe that we have formed another bullish triangle pattern: + +https://preview.redd.it/o3eub5fzrfo61.png?width=1722&format=png&auto=webp&s=103c416b860eb08f28d61d28ad95e05510d26b26 + +&#x200B; + +That current triangle is using our 180 support level and it seems that it is trying to break the pattern in a bullish way. Now, why are these patterns bullish? When a stock makes a move upward or downward, then consolidates, it typically continues that pattern. Here is an explanation of that: + +&#x200B; + +https://preview.redd.it/yjjz7nk0sfo61.png?width=1824&format=png&auto=webp&s=9b7dbdf8552c45fe147371cafdfb4002e5f63c42 + +As you can see, the graph on the left applies to us as we are currently consolidating from an uptrend. This is consistent with Elliot Wave Theory, which I am a huge supporter of. Just wanted to give a shout-out to everyone who posted EWT DD because I thoroughly enjoyed it. If you don't know what EWT is, it's basically the idea that stocks move in a repeating fractal pattern that is categorized by periods of trending movements, consolidating movements, and corrective movements. GME is currently in a consolidating movement proceeding a trending movement, which is bullish. I don't want to explain EWT because it's very complicated, so I encourage you to look at other posts about it and just know that Uncle Hank supports it. With all of this in mind, it appears that GME keeps forming triangle patterns and keeps breaking them. It is moving in a stair-step pattern where it shoots up, consolidates, then uses the previous resistance as support. This is extremely bullish: + +https://preview.redd.it/z0fiv5g1sfo61.png?width=1662&format=png&auto=webp&s=e90c277e9796d2d5485c1633a522c18d7d85cdae + +**TTM Squeeze, MACD, Ichimoku:** + +Some of my other favorite indicators are TTM Squeeze, MACD, and Ichimoku. These indicators are purely based off of price and are trend/momentum indicators. TTM squeeze has to deal with the relationship between Bollinger bands and Keltner channels. It moves similarly to MACD, which also predicts momentum. Ichimoku makes clouds based off of previous price action and helps to indicate trends. All of those explanations were EXTREMELY general, so do some research on your own to better understand them. Importantly, all of these indicator show bullish momentum for GME. Below, I have combined the TTM Squeeze and MACD indicators (because that's how I use them). On the one week chart, the TTM and MACD indicators are extremely bullish: + +https://preview.redd.it/wc7ah2h2sfo61.png?width=706&format=png&auto=webp&s=de6566627a85061b76dc9ea3e5e6321c60e4dd4e + +The MACD is opening wider and is continuing its bullish trend (MACD is the two lines indicators. When the blue line is over the yellow one, it's bullish. The wider the distance, the more bullish). TTM also indicates the start of a very big move. When TTM is light blue, we are in the stage of the greatest momentum (you can see the light blue from late January). When we are in a dark blue phase, there is still bullish momentum but its dying). When we go into a red phase, we are in a bearish phase (you can see that throughout February). Yellow indicates that the bearish momentum is dying. From here, we can see that bearish momentum is dying and that we are ready to go into bullish territory (light blue candles). This is assisted by the fact that MACD is super bullish right now. I did this on the week chart to give a good overview of the price of GME because it's so volatile day to day that it's hard to understand it sometimes. Finally, Ichimoku. This indicator is a trailing momentum indicator. All that you need to know is that when it crosses through the red cloud, this is an indication of bullish momentum. Well, would you look at that, GME is getting ready to enter a red cloud right before earnings: + +https://preview.redd.it/i1bonxi3sfo61.png?width=984&format=png&auto=webp&s=f0067ba6738df71b367ff56765f3fbb6de790e53 + +These three indicators are great on their own, but when used together they are even more powerful. MACD indicates that we are bullish RIGHT NOW. Ichimoku and TTM indicate that we are about to go into a period of extremely bullishness. THese charts all show that the bullish momentum for GME is just beginning. + +**A note about the "short attacks"** + +As many of you have seen, over the past few days, GME has been through a series of sharp downturns intraday. Are these "short attacks" or are they one of our institutional allies purposely putting us on SSR? It's impossible to know. This will be an examination of those crashes and some potential theories. + +Like I said above, It's impossible to know if these short attacks were from friends or foes. What we can be sure about, however, is that it either triggered stop losses and/or pushed out paper hands. How can I be sure of this? Below are screenshots of both of the flash crashes from March. As you can see, the crash volume candle is about equal to that of the recovery candle but the price does not recover to its previous highs. What this makes me think is the short attack triggers stop losses and paper hands, then whoever did the short attack (again friend or foe) bought the shares back up. The reason why the price doesn't fully recover is because of paper hands being pushed out. I believe that the whale probably sells off all of his shares then rebuys at the lower price (hence the equivilant volume but price not fully recovering). Again, it is impossible to know if this was an actual short attack or if it was an ally trying to put it on SSR, but what you should know is that it was in no way a regular sell-off. No stock drops by over 50% two times in one month with NO NEWS CATALYSTS. If a stock drops this much, it's usually because of an investigation, missed earnings, etc. On both of these crashes, there was no news on GME at all, so do not think for a second that these instances were just regular selloffs or profit-taking - they were 100% coordinated attacks. + +**More on why paperhanding is stupid:** + +The reason that I made this post is to highlight why paperhanding GME is not a good idea through a technical analysis. Obviously, it's not a good idea for the cause, but I'm here to show that it's night a good idea for the individual ape as well. If there's one thing to know about GME it's that it's a VOLATILE stock. This thing can and will move over 100 points (points, not percentage) in a single day. We have seen the price go from $100 to over $300 in a single day and from $350 to less than $200 in less than half an hour. It is understandable that many new traders might (for example) get in on GME at $100, watch it rise up to $350, then panic sell when it goes below $200, but I am here to give you proof that it is not beneficial to do that. Below, I have posted screen shots of several charts at various time frames since the beginning of January to now. The red circle signifies where you might have been tempted to paper hand and the green circle signifies why you would've been better off holding. It's important to note that the only way you could have lost money on GME is if you bought in above $400, but believe me, apes, we are going to go FAR above $400 in the near future. The reason that I have posted this is because, though I am feverishly against paperhanding, everyone, including myself, gets down and sometimes even paniced when GME crashes because it makes up so much of my portfolio. I suggest looking at these images everytime GME falls as a reminder that this is a long term game and that volatility is expected, but that paperhanding is not the answer... enjoy: + +https://preview.redd.it/sz3j3q05sfo61.png?width=1218&format=png&auto=webp&s=7b5bc061312439b11974f2f1d4b5156b60f8576c + +&#x200B; + +https://preview.redd.it/dj25e4t7sfo61.png?width=710&format=png&auto=webp&s=5fad8bce73f52ad9666cfdc7908e203cc5393cec + +&#x200B; + +https://preview.redd.it/0kmyo0p8sfo61.png?width=593&format=png&auto=webp&s=3d9169f375b8a87d86c7969abfb3d10c414a6685 + +&#x200B; + +https://preview.redd.it/s12y9ps9sfo61.png?width=610&format=png&auto=webp&s=22a8150b5e4c503201ecf6ec8de1bc0275dd55ae + +&#x200B; + +https://preview.redd.it/k5ky9bwasfo61.png?width=616&format=png&auto=webp&s=ec22638d1decbcc4141766ca205946c5bc9fdac0 + +&#x200B; + +https://preview.redd.it/7v377d3csfo61.png?width=702&format=png&auto=webp&s=d92d928039cae9b5b0d29fa12b16dfe24c0c11d1 + +**A Note about squeezes** + +Before I go any further, please understand that last time was not a short squeeze. Last time was some shorts covering and a series of gamma squeezes. A short squeeze is characterized by a RAPID increase in both price and volume in a short period of time. A short squeeze is far more violent and faster than a gamma squeeze. Short squeezes can cause a series of gamma squeezes and gamma squeezes can cause a short squeeze. The reason that a short squeeze is so rapid is because TONS of people are buying, which decreases the total number of tradable shares in the float. The buying pressure creates immense price increases, which cause shorts to get margin called and have to start buying to cover (which only increases the buying pressure and price increases). This short squeeze may force market makers to delta hedge by buying more shares (gamma squeeze). Just know that the squeeze truly didn't happen last time. If it did happen, you would have seen a VIOLENT uptick in volume and price on a single day or two that was FAR higher than the 500$ highs we saw last time. It should look similar to the VW short squeeze. So, anytime you see FUD about the squeeze being over, look at the chart, see that there has not been a parabolic rise in volume and price on a single day similar to VW, finish jacking off, and thank Uncle Hank. To add more to this, if the squeeze truly did happen, then FINRA would be reporting FAR lower numbers than 50% short interest. + +**Why short interest might not matter** + +If your eyes are glued to the WSB DD page and your hand is glued to your 2inch punisher like me, then you've probably seen the plethora of posts about how the short interest in GME isn't 50% like FINRA says. I've seen posts that say it's 65%, 120%, 200%, and even 900%. Let me tell you, those apes put in some DAMN good research to get those numbers and you should definitely listen to what they are saying. I personally believe that the SI is over what FINRA is saying because of all of the crazy/illegal stuff that hedgies are doing with ETFs and naked shorts. The point that I want to make is that it's impossible to actually know what these numbers are because of what the hedgies are doing. Again, I want to give all props to my fellow autists who make that spankin DD, and again, I agree with it, but just know that it's impossible to really know what it is. Now, I am going to make the case for why that doesn't actually matter. This is just a hypothesis, feel free to disagree with me below. I believe that GME is a stock that reacts so strongly to catalysts (see above) because of WSB and retail traders essentially owning the float. I believe that GME's flat is mostly owned by retail traders who refuse to sell. This decreases the tradable shares and essentially creates a sell wall. It also provides that there is a group of millions of shares that are simply held and not moved around and sold. Because of this, when there is good news on GME, all of the nonretail traders flood the market to buy the stock, which is mostly held by retail traders, which creates massive buy pressure. Essentially, because of WSB users diamond hands, every time there is positive news on GME, it creates a gamma squeeze. Again, this is just a hypothesis. Do I believe that the short interest is still through the roof and that the squeeze will eventually happen? Yes. However, I think that the diamond hands effect from WSB has essentially limited the supply of GME, which is why it's so sensitive to catalysts and is so volatile. In essence, diamond hands is fucking working. + +**FTD Squeeze** + +I would just like to reiterate the amazing work that one of my fellow apes did on GME. I don't remember his name but you've probably seen the manifesto about the Failure to deliver squeeze and how the FTDs are going to have to be repaid soon, which will lead to the actual squeeze. I don't have the link to it but I just wanted to acknowledge that guy and say thank you because it's really excellent DD. That DD is what people are talking about when they say that WSB users are doing better research than Wallstreet analysts. If someone could link it in a comment below, I could greatly appreciate it so other apes can see it. Also, just as another note, if you look at iBorrowDesk, GME has had less than 10k shares available to trade for the past few days. Borrow rate is still super low, but this is just an interesting thing to look at. + +**Closing Thots** + +In short, I like the stock. If there is anything that you take away from this, remember, volume is king, the short squeeze has not happened yet, short interest might not matter, and it's only a matter of time before this thing launches to the moon. Again, this is not financial advice and I am not a financial advisor. Finally, I just wanted to thank all of you who upvote my DD and follow my account. I have always loved investing and trading, but making these DDs and hearing your reactions has become one of my favorite things to do and brings me a lot of joy. Thanks a ton apes, stay strong. +It's been quite the decade since this subreddit was created, and I thought I'd reflect on how our personal histories inevitably shape our perspective on the world. + +If you "grew up" investing in the period this subreddit has been around, the total US stock market has looked like [this](https://imgur.com/21P3P31) ([source](https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&mode=1&timePeriod=2&startYear=2011&firstMonth=11&endYear=2021&lastMonth=11&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&asset1=TotalStockMarket&allocation1_1=100)). From Nov 2011 to Nov 2021, the market saw a real CAGR of over 13% while the largest financial shock was a 21% downturn that recovered within 4 months. If you "grew up" investing in the period this subreddit has been around, why would you invest in a globally diversified portfolio of 80% stocks and 20% bonds when the comparison looked like [this](https://imgur.com/Eeg7Pch) ([source](https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&mode=1&timePeriod=2&startYear=2011&firstMonth=11&endYear=2021&lastMonth=11&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&portfolioNames=true&portfolioName1=100%25+US&portfolioName2=Global+80%2F20&portfolioName3=Portfolio+3&asset1=TotalStockMarket&allocation1_1=100&allocation1_2=48&asset2=IntlStockMarket&allocation2_2=32&asset3=TotalBond&allocation3_2=20))? You'd have given up 5% real return every year in service of diversification, or as it's often called these days, "diworsification." + +Had this subreddit been founded 10 years earlier, though, the first 10 years would have looked very [different](https://imgur.com/jV8lfAu) ([source](https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&mode=1&timePeriod=2&startYear=2001&firstMonth=11&endYear=2011&lastMonth=11&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&asset1=TotalStockMarket&allocation1_1=100)). From Nov 2001 to Nov 2011, the market saw a real CAGR of only 2% with downturn loss of over 50% that took well over a year to recover. The globally diversified 80/20 portfolio wasn't a fun hold either, but it offered a lower downturn of 44%. When measuring the relative performance compared to the US stock market, the globally diversified portfolio offered a [60% better return](https://imgur.com/RWCN8So) (3.4% vs 2.1%, [source](https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&mode=1&timePeriod=2&startYear=2001&firstMonth=11&endYear=2011&lastMonth=11&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&portfolioNames=true&portfolioName1=100%25+US&portfolioName2=Global+80%2F20&portfolioName3=Portfolio+3&asset1=TotalStockMarket&allocation1_1=100&allocation1_2=48&asset2=IntlStockMarket&allocation2_2=32&asset3=TotalBond&allocation3_2=20)). + +It's hard to overstate the psychological difference these returns can have on an investor's perspective. Even "basic" concepts like volatility have vastly different meanings in these two eras. The single best resource I can think of for getting into the mindset of what it is like to go through the stress of a real financial downturn is [this thread](https://www.bogleheads.org/forum/viewtopic.php?t=25126) at the Bogleheads forum. I can't help but empathize with the scenario of someone who *knew* the concepts of stay-the-course and "don't panic," but who also had to face the fact of losing a year's worth of retirement income in a single day. I am convinced that there is no amount of math or modeling that would have helped you sleep well at night during that terrifying period, month after month of falling returns with no knowledge of where the bottom would be or *whether it even existed*. + +This is to say that we are all the products of our time. We *know* the facts of investing: invest early and often, keep costs low, diversify, and, above all, **stay the course**. But living these facts, month after month, year after year, isn't easy. We know we should ignore the noise and disregard the financial media clickbait. But the noise is here too. It's in the Bogleheads forum as well. The noise is the collective investing perspectives of all contributors, all in large part informed by the financial environments those contributors grew up in. I don't mean this to target the US stock market in particular, but when someone recommends going 100% with a given asset, integrate the possibility that they have only ever seen that given asset rise or bounce back rather quickly. And when giving financial advice or considering your own portfolio, consider the financial environments that you've grown up in and ways you can find outside perspectives. +BlackRock Inc. acquired a new position in shares of Palantir Technologies Inc. (NYSE:PLTR) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 29,299,147 shares of the company’s stock, valued at approximately $278,341,000. + +Other institutional investors and hedge funds also recently modified their holdings of the company. Jacobi Capital Management LLC purchased a new stake in Palantir Technologies during the 3rd quarter worth about $28,000. D Orazio & Associates Inc. purchased a new stake in Palantir Technologies during the 3rd quarter worth about $36,000. IFP Advisors Inc purchased a new stake in Palantir Technologies during the 3rd quarter worth about $36,000. Edge Wealth Management LLC purchased a new stake in Palantir Technologies during the 3rd quarter worth about $38,000. Finally, NEXT Financial Group Inc purchased a new stake in Palantir Technologies during the 3rd quarter worth about $54,000. + + +https://www.tickerreport.com/banking-finance/6738108/blackrock-inc-invests-278-34-million-in-palantir-technologies-inc-nysepltr.html +APT is now trading at $12 a share + +Seeing how the retail industry is in shambles as nobody is spending or even going outside their own homes. + +How would this impact their ability to continue seeing that they're a new company in its growth stage? + +Just a quick recap, APT was trading $40 around Jan/Feb. + +That's about a 70% drop in value +What a crazy week, here is what we have going on: + +- 100% utilization +- Gamma ramp +- Closed-door Fed Meeting +- Vix spiking +- Russia thing +- burned down warehouse in Chicago +- Opex +- More diamond hands than ever +- Fomo +- My pure speculation but I hope GME has a Superbowl ad +- Ortex indicators firing up +- 7.5% Inflation +- Morgan Stanley backing out of nscc services +- Daddy Cohen's tweet + + + +Edit- Added Daddy Cohens tweet + + +I can feel it +Sorry ahead of time if I seem frazzled and don't know what I am doing. My grandmother passed away a year ago and I was left to handle her estate after she passed. I pretty much have everything settled but when I forwarded her mail to my address I noticed she keeps getting checks from these two energy companies every month. After some searching I pieced together that she has some ownership of oil wells and gets monthly royalties based on their productivity. + +The problem is that I have been trying to get in contact with an agent from both of these companies, and when I rarely do get a human on the phone they say that they aren't the right department and send me to a voicemail. It's not that much money but the bank won't let me deposit the checks in her account because obviously she has been deceased for an extended period of time. Is there anything else I can do to try and get this resolved? I feel like I'm stuck at a wall and don't have any control to get these transferred over to the beneficiaries. + + +Thank you for any help or advice. + +EDIT: Thank you everyone for your advice and responses. I never thought I would get so much attention and it's really moving that random internet strangers will take the time out of their day to help me! I appreciate you all so much! +(I'm reposting this here, since it was unapproved on r/algotrading) + +I was surprised to see my account value up $22,000 at today's close. It was all on my call spread on XLRE 11/18 calls. + +The 47 call had a last trade of 0.17, a bid of 0.00, and an ask of $4.80. Schwab took the mean of bid and ask, got $2.40 and applied it to my 100 contracts. + +The Dreaded $4.80 Ask again! + +About a dozen other near worthless puts and calls showed an apx. $4.80 ask. Obviously totally phony, but who is doing this? + +Is it some hedge find trying to screw unsuspecting traders who do a BTC without a limit? This has been going on for several months, and it screws up my programs. I've fixed my programs to avoid the problem, but apparently Schwab doesn't. + +I find it most in the Sector ETFs, and it's not Always $4.80. That's the most common, but it varies from $4.5 to $5.0. + +Does anyone here know how to access the book of bids & asks to see what's going on? Is it kind of a flag someone's using to show that there are no ask prices? + +Are other brokers as clueless as Schwab, and show and use the bogus numbers? + +Could people here take a look at XLRE 11/18/22 47C on their brokerage and see if it shows there too? It shows on the Yahoo finance page. + +The way I cleaned the data in my programs is if the bid is 0 and the ask is >= 4.0, I use the last price instead of the mean of the bid and ask for my calculations. +Hello, + +Wondering which project you guys are most excited about when it comes to Ethereum? + +I am personally invested in Golem, and have been looking at Status. +We knew we were up against giants but after spending an hour researching BSG, I now have a much better perspective of just how big Papa Cohen’s balls are. BCG has its hands in everything from rolling out that preventive “medication” to fight COVID, collaborating with the World Economic Forum to “Tackle Cyber Threats”, creating presidential transition procedures, “assisting” in crafting legislation for governments and I almost forgot, saving dying brick and mortars. + +What’s considered “overpriced” you might ask? Here’s a little snippet about the fees charged to restart New York’s DMV online testing program… + +The DMV declined to specify how much **Boston** **Consulting** **Group** is being paid by the state for its work with the agency, but the person briefed on the matter said staff have been told the sum is around $200,000 per day. The firm's contract with the state, which began in September 2019 and extends through August 2024, is for $134 million. + +Sauce: [https://www.timesunion.com/state/article/DMV-online-testing-was-restarted-despite-cheating-16695087.php](https://www.timesunion.com/state/article/DMV-online-testing-was-restarted-despite-cheating-16695087.php) + +EDIT: Spelling +Crosspost from r/leanfire + +I'll try to word this better because I do not want to come off as judgemental about hobbies :) + +How much "real/true" free time do you have after your 9-5? Yes, you could technically take 24 hours, minus your work+commute+chore time and get it. But I mean time for "active" hobbies/socializing rather than just vegging out watching TV/browsing reddit (passive hobbies). + +When I worked in finance (3 hour commute, it was awful), I"d get home and be too tired to do anything. My friend, who is a programmer (and loves his job) goes to the gym everyday and spends maybe half an hour on his hobby coding projects. But thats it. + +I'm taken a sabbatical and having 12+ hours a day to spend on hobbies is glorious :) + I’m reading here and in other subject related lists, new traders (and not so new as a matter of fact) looking for a magic strategy they can use for themselves. + +Well I got some bad news and I will explain why. + +Sharing strategies would make sense if all of us traded the same asset, on the same time frame, at the same time of day, with the same capital, using the same broker! + +Each one of the above plays a significant role in forming your strategy. Maybe I’m forgetting one or two (well that’s what the comments section is for!). + +Depending on the asset you trade you will realise that each one of the thousands out there, has a distinctive “character”. Some might say “okay but the market works the same way regardless of the asset you chose to trade”. After all as the late Mark Douglas would say “it’s all about imbalance in conviction”. + +The market works in certain ways and there are strategies out there that can be used in various assets and time frames unchanged, it’s true. However there will always be a factor in this chaotic system as the market we try to make a living from, that is distinctive for the asset we trade. Are the factors that affect an index the same that affect a major forex pair or a commodity future? When interest rates go up some stocks go down, some go up as they belong to different sectors but they are both....stocks. + +The same goes to for the time frame. A strategy, for example, that is based on the day’s trend is no good for someone who wants to trade with the opening of the market. + +As for capital, you trade differently when you have a $1m account and differently on $500 account. Regardless what they say it’s totally different when you do it with your money. + +Finally the broker. Those unlucky people that do not have the opportunity for example to trade with CFDs have to pay more commissions as they trade the “real” thing than the rest. So small accounts have to use a different strategy when trading the “real” stuff. + +What I want to bring up with the above is that there is no magic strategy you can copy-paste. Yes you can get ideas from existing strategies or take elements you can use to form a strategy for yourself. + +You will have to invest in screen time, backtesting and of course go through that emotional roller coaster till you get it right. No short cuts there unfortunately. + +And some personal experience sharing here. + +I took my first trade in the mid ’90s when I was in my early 20s trading stocks the old fashion way with the telephone and waiting for my order to be executed, if my broker came through to the pit guys. The same when I wanted to close it. Since then, I changed 3 times my strategy for different reasons. The latest being, that my little guy needed help with his homework, so now I can’t be in front of a screen from 09:00-22:00 as I used to, as I have to help him with his homework. + +Every time I changed my strategy and my time frames, it took me around a year to perfect it! Although I’m known to be a fast learner and had experience in the markets as since I went from stocks, to commodity futures and now to forex. + +I hope I helped some people out there. +I just remembered reading an article about how the market crash back in 2008 happened on a Monday. It was Monday September 29, 2008. + +The market opened and the Dow Jones Industrial dropped 777.68 points. + +That was because all the things to set up that drop, happened on the WEEKEND. We’ve been seeing some indications that the 24th and 25th of this month line up with T+21 and T+35. I’m expecting some crazy things to happen this weekend right? I’m thinking articles coming out. I’m thinking movement from big players. I’m thinking crypto doesn’t ever close like the market does....oh shit. + +Check the crypto market... + +I’m thinking this is about to get real. Keep your emotions in check apes! Keep on the lookout for more info this weekend! +I know very little about economy, so bear with me... I have been wondering what will happen to Greece if (or when) they go bankrupt. I realize a lot of countries, banks, pensionfunds ect. will lose a lot of money, but what will the future for Greece look like...What happens when a country goes bankrupt? + +Edit: Thx for the answers...I learned something today...appreciated! +Including Upbit, Bithumb, Coinone, Korbit, and Gopax. The reason for termination is the MimbleWimble Extension Blocks (MWEB) network upgrade carried out by [Litecoin (LTC)](https://www.coincarp.com/currencies/litecoin/) and as it was judged that anonymous transmission technology was added. +20 years old just finishing my apprenticeship and coming out on £37.5k salary (feelin like a fraud). I only found out about finance stuff after finding this sub at the end of last year, but its been very helpful thanks! + +Just wanted to check that I'm doing everything right as I come onto full wage. I still live at home in a low COL area, so right now my expenses are low. Although I've had to start going into work again so paying for fuel :/ + +I opened an S&S ISA (global index) and have been putting in £400 monthly and have about £3200 in. I also opened a LISA and have £10,000 in there. As of now I saved 21k in my bank savings. I got a credit card in march which I pay off fully monthly. I auto enrolled into a pension when I started at 16, 4% me and 6% employer, and have about £7000. + +Should I move a lump sum (maybe 10k?) into my ISA as I guess 21k is a bit much for my bank savings? +Are there any insurances I should be getting right now? +Should I increase the amount I put into pension? +Do you think its worth going onto a degree even if I think I will stay here long term? +I never joined the shares scheme which I kinda regret, do you think its worth doing still even if I have an ISA? +Anything else I should be doing? +Warning, I've turned bearish on ETH price for the intermediate future. Feel free to downvote me, but be honest with yourself first. I have let 95% of my ETH go until it plays out. Check my history, and you will see that is not a small amount. It all stems from the DAO, its massive size, and the way it was executed. I've given this a great deal of thought. Here is what is about to happen: + +1) The DAO has soaked 14% of all ETH. This has caused an 80% price appreciation. In 7 days, the DAO token will hit the market, and that supply will be re-released (albeit as a token convertible to ETH). + +2) Most didn't realize what they bought into. There are people that have put most of their ETH into the DAO thinking that it was some sort of option -- i.e. that they could remove their ETH before any proposals for a quick buck. That may be technically correct, but only after 100M was raised did most realize it takes 7 weeks and entails a somewhat complicated process. + +3) Upon release, many will sell their ETH in an attempt to capture the 80% gain. That means the DAO will likely trade at a discount. This will fuel tension. + +4) Here's the longer-term problem. Most of the ETH devs have put their reputation on The DAO. Although, Gavin Wood was smart enough to [pull out and distance himself from it](https://medium.com/@gavofyork/why-ive-resigned-as-a-curator-of-the-dao-238528fbd447#.rs855k8c2). You have a $150M (illegal?) raise. Every regulator in the world is going to take aim, and all the devs including Vitalik himself are "signatories." BTW, you can try to reason this away, but the reality is daohub is raising money and their pictures are below this statement: + +>The DAO relies on its Curator for failsafe protection and is incredibly privileged to have a high profile set of signatories. The DAO’s Curator multisig holders are: + +All of the above doesn't even take into account some technical problem, or infighting in [DAO business and proposals](https://steemit.com/crypto-news/@dan/is-the-dao-going-to-be-doa). + +Anyway. Those are my thoughts. I'm not short, just not near as long and will watch from the sidelines. The DAO is a fantastic experiment, I just wish it was much smaller, better explained, and the devs aren't signatories. + + + + +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Hi all, + +Remember the financial bubble chart : + +https://i2.wp.com/transportgeography.org/wp-content/uploads/stages_bubble.png?resize=720%2C482&ssl=1 + +We are in the despair phase. The mean is somewhere around $500-$600. + +This is not the moment to get out. Just wait a few months. + +What can you do to help? Spread the articles and data you find useful and make those the most visible. Even a single upvote of the right articles will help a lot in today’s Internet world. +Hey everyone, this is my story. +I am currently in my 3rd year of college. I have never received any financial help from my parents. I currently have ~$3,000 in credit card debt, and my checking account is overdrafted $550. I haven't paid rent for February and March is due in a couple weeks. I pay $700/month for rent. They've threatened eviction if I can't pay soon. + +I just started my new job and will be getting ~$100 on Thursday and then regular $600 paychecks biweekly after that. + +I'm terrified. The anxiety and depression my situation is causing is becoming too much to bear. Does anyone have any advice? +Strap yourselves in degenerates for my first ever reddit post that comes off the back of intense procrastination and self-hatred in the face of university degree disaster, career uncertainty and big red numbers to round out the week. + +This needs multiple tags as both a Shitpost, Noob Stuff and Loss porn + +If you would be so kind, read on for Shitpost. If not, fuck your impatience I put time and effort into this shit, but skip to the end and enjoy the loss porn xo + +\- + +Bio: + +Amateur autist in the industry since February 2021. Have been making lots of mistakes as I learn the hard way like a true autist. My boomer-minded mate told me to put my money in a savings account, told him to get fucked. My pussy mate put most of his money in mostly ETF's instead of descending wholly into the degenerate filth of penny and speccy stocks like yours truly. I love living dangerously and have regularly been skirting the razors edge of practical bankruptcy as I pour most of my pay packet each fortnight into more rookie errors. + +Entered the arena with the intent of playing the long game but suffering severe ongoing FOMO as I can see the money everywhere but often don't hodl long enough to see the returns a shred of patience would secure. The source of my FOMO is lack of capital. If I had a decent wad to throw at the problem I'd properly diversify and get a decent strategy, but since I don't have that luxury its full throttle autistic attack :) + +I have ADHD, am addiction prone, and am definitely letting this manifest in my activities on r/ASX_Bets and the ASX itself. + +I should really just focus on my degree & career but I've tasted the forbidden fruit (saw some big green in late Feb) and am now bound to serve 100 years before the mast. I love the rush, if I wasn't an introvert I probably would've died in some adrenaline junkie pursuit by now. I did Grade 5 rapid rafting and a 110m bungee jump in the space of a day back in 2018. Went skydiving later in that trip. I serially speed along country roads late at night in my shitty little Hyundai Accent. I am considering writing a will because I can definitely see myself living fast and dying young semi-unintentionally. + +I average down more than I should. + +Considering going full C&B torture and applying for a Margin Loan. + +Gender: Male +Birthplace: hospital +Star Sing: I have no clue I'm not that autistic +Measurements: 5 securities (current) - 8 securities (career high) - see images below for P/L +Height: 5 months +Weight: $15k< (petite) +Ethnicity: CommSec +Hair Colour: 70% Materials with some cute Energy (10%) & Utilities (20%) highlights +Fake Boobs: I'm not witty enough to make this ASX Bets themed, sorry +Relationship status: despite everything, yes +Interested in: acquiring tendies +City and Country: Dubbo cunt +Pornstar Profile Views: 59 karma (10 more would've been thematically perfect, sadge) +Career Status: Active +Career Start and End: 2021 to \*insert "The Ride Never Ends" meme here\* + +\- + +I put too much time and effort into this post but figured I'd make a big splash with this turd. + +I hope some of you degenerates can appreciate it and find companionship in the Losses below. + +\- + +[Loss Part 1](https://preview.redd.it/ccxre6bjrz571.jpg?width=1228&format=pjpg&auto=webp&s=640b81eaf7c25869a1f2c525ecc3a3adf6a6f370) + +[Loss Part 2](https://preview.redd.it/ifu46obnrz571.jpg?width=1120&format=pjpg&auto=webp&s=ef753a3ee4fac5b22f578f14b2cb6295d29c8437) + +So as you can see by my shitty back-of-the-napkin Excel analysis I'm down a cool 24% overall :') + +Edit: per advice/request? for further porn, here are my picks. Feel free to laugh at my small PP attempts (and failure) to diversify. + +[Part 3 - some people are just never satisfied](https://preview.redd.it/hdkc8xii60671.jpg?width=1304&format=pjpg&auto=webp&s=eb98fdc1fb8a2a8ac769994b29fed9d461e5e8d7) +Strap yourselves in degenerates for my first ever reddit post that comes off the back of intense procrastination and self-hatred in the face of university degree disaster, career uncertainty and big red numbers to round out the week. + +This needs multiple tags as both a Shitpost, Noob Stuff and Loss porn + +If you would be so kind, read on for Shitpost. If not, fuck your impatience I put time and effort into this shit, but skip to the end and enjoy the loss porn xo + +\- + +Bio: + +Amateur autist in the industry since February 2021. Have been making lots of mistakes as I learn the hard way like a true autist. My boomer-minded mate told me to put my money in a savings account, told him to get fucked. My pussy mate put most of his money in mostly ETF's instead of descending wholly into the degenerate filth of penny and speccy stocks like yours truly. I love living dangerously and have regularly been skirting the razors edge of practical bankruptcy as I pour most of my pay packet each fortnight into more rookie errors. + +Entered the arena with the intent of playing the long game but suffering severe ongoing FOMO as I can see the money everywhere but often don't hodl long enough to see the returns a shred of patience would secure. The source of my FOMO is lack of capital. If I had a decent wad to throw at the problem I'd properly diversify and get a decent strategy, but since I don't have that luxury its full throttle autistic attack :) + +I have ADHD, am addiction prone, and am definitely letting this manifest in my activities on r/ASX_Bets and the ASX itself. + +I should really just focus on my degree & career but I've tasted the forbidden fruit (saw some big green in late Feb) and am now bound to serve 100 years before the mast. I love the rush, if I wasn't an introvert I probably would've died in some adrenaline junkie pursuit by now. I did Grade 5 rapid rafting and a 110m bungee jump in the space of a day back in 2018. Went skydiving later in that trip. I serially speed along country roads late at night in my shitty little Hyundai Accent. I am considering writing a will because I can definitely see myself living fast and dying young semi-unintentionally. + +I average down more than I should. + +Considering going full C&B torture and applying for a Margin Loan. + +Gender: Male +Birthplace: hospital +Star Sing: I have no clue I'm not that autistic +Measurements: 5 securities (current) - 8 securities (career high) - see images below for P/L +Height: 5 months +Weight: $15k< (petite) +Ethnicity: CommSec +Hair Colour: 70% Materials with some cute Energy (10%) & Utilities (20%) highlights +Fake Boobs: I'm not witty enough to make this ASX Bets themed, sorry +Relationship status: despite everything, yes +Interested in: acquiring tendies +City and Country: Dubbo cunt +Pornstar Profile Views: 59 karma (10 more would've been thematically perfect, sadge) +Career Status: Active +Career Start and End: 2021 to \*insert "The Ride Never Ends" meme here\* + +\- + +I put too much time and effort into this post but figured I'd make a big splash with this turd. + +I hope some of you degenerates can appreciate it and find companionship in the Losses below. + +\- + +[Loss Part 1](https://preview.redd.it/ccxre6bjrz571.jpg?width=1228&format=pjpg&auto=webp&s=640b81eaf7c25869a1f2c525ecc3a3adf6a6f370) + +[Loss Part 2](https://preview.redd.it/ifu46obnrz571.jpg?width=1120&format=pjpg&auto=webp&s=ef753a3ee4fac5b22f578f14b2cb6295d29c8437) + +So as you can see by my shitty back-of-the-napkin Excel analysis I'm down a cool 24% overall :') + +Edit: per advice/request? for further porn, here are my picks. Feel free to laugh at my small PP attempts (and failure) to diversify. + +[Part 3 - some people are just never satisfied](https://preview.redd.it/hdkc8xii60671.jpg?width=1304&format=pjpg&auto=webp&s=eb98fdc1fb8a2a8ac769994b29fed9d461e5e8d7) +Can I get a 🚀 for all the autistics who hope to retire on this glass pipe dream. I can see it already, I’m laying on the beach, cocktail in one hand, and a iPhone 12 with commsec up buying high and selling low. + +Play on lads fucking love it +Just became aware of the rule(law) that states you must have 25k in your account to day trade on a regular bases.Is this a thing? Am I misunderstanding? +Hi all, thanks to a lot of help from UKPF I recently purchased a property!! When I went to set up my council tax I was shocked to hear that the property was empty for an entire year prior to me becoming liable for it so I “Inherit” (words used by the operator I spoke to) the previously unpaid due council tax??? + +I’ve done a bit research and I’m finding that the previous owner should be the one liable and the information I was given by the council is incorrect. + +Very confused as I’ve just had this sudden cost thrown on to me so I would really appreciate any advice that was given and also if anyone has experienced this before. + +(FYI this is with Bolton Council) +This is literally WTF! Imagine risking your 42 ETH for a newly created token that is not even known much. + +A guy lost over $135k while trying to purchase a token named "fees.Wtf" + +The user accidentally swapped 42ETH for 0.00004 WTF. ,the actual value of the token was just $0.000005 + +This happened due to low liquidity in the trading pool . + +>Fees.WTF is a tool that allows users to track the fees they spend on ETH.It airdropped it's WTF tokens on Thursday. + +>Use cases include staking WTF or it's liquidity pool tokens with annualized returns of up to 7,000% + +As soon as the token got listed on ETH based exchange Uniswap,speculators hoping that an eventual price rise would net them handsome returns.In this race, the guy lost 42 ETH. + +>The developers seeded the initial pool on Uniswap with over 2,211 WTF and 0.000001 ETH causing a huge imbalance in the trading pool. This allowed users to sell low amounts of WTF for relatively high amounts of ETH, while buyers of WTF ended up purchasing the tokens at a much higher value + + + + + + + +Source : https://www.coindesk.com/markets/2022/01/14/someone-accidentally-lost-135k-trying-to-trade-feeswtf-tokens/ +Hey guys and girls, + +I did some fundamental analysis on Tesla and I came to the conclusion that around 1000$ can be justified. + +Tesla is at 1600$ now. + +IMHO we are entering bubble territory. + +What is your guys's and girls's opinion? + +Disclaimer: This is NOT financial advice. I'm no licensed financial advisor. Please consult one first before investing in the stock market. + +I am Long $TSLA. +I know it's impossible to predict which stocks / countries will outperform in the long term. But, historically speaking, it appears to me that US markets have (over the long term, 10+ year periods) outperformed the world on an absolute basis. + +I strongly believe that simply because of the **structure** of global financial markets, with the US dollar being the reserve currency, the US markets will always be the best place to invest. This is very important - really, take some time to think about it. The US have the worlds reserve currency and that isn't changing any time soon - this gives them a massive advantage. I would even argue this will not change without a calamitous / world changing event, which would likely make investments anywhere in the world lose significant value, depending on how things shake out. All to say, the US won't just let their reserve status disappear without a fight, and I wouldn't bet against the US. + +I also know the US had a lost decade between 2000 - 2010, and I feel that a lot of people bring up this timeframe as an argument in favor of global diversification, but it's cherry picked data. If you start in 1996, all of a sudden the US market outperforms global Ex-US equities. This reinforces my perspective that over the long term, the US outperforms the world, even if in shorter periods (5-10 years), Ex-US markets can outperform. + +Now onto my thoughts on XEQT (as one of this subs favorites), how my perspective evolved on this ETF, and why I'm starting to think this may be an inefficient way of investing, and possibly even "diworsification". + +Initially I loved the idea of XEQT because it's low cost, globally diversified, and gives you access to global equities. It's "safe" and protects you from 1 country risk like a Japan 1989 scenario. But, when I really think about it at it's core, **XEQT is an ETF that is highly correlated to US markets, but with a higher expense ratio, and performance drag from other countries / currencies.** + +This is a huge problem in my mind, and something people seem to be ignoring. When you really break it down, what you're buying with XEQT is the US market, but with a higher MER, and a bunch of diversification just for the sake of diversification which causes a drag on performance. + +Why do I say it's pointless diversification? Mainly because US markets have ALWAYS outperformed global markets over the long term (10+ years). Again, I know there are several periods of underperformance where Ex-US outperforms US, but in the longer term, the US always comes out on top. To reiterate my earlier point, people say look at 2000 - 2010 as a reason to diversify globally, but this is cherry picked data. Look at 1996 - 2010 and the US wins over Ex-US. + +For most of us who have 15-30+ year time horizons, it seems worth the risk to invest solely in the US. They have the world reserve currency, the most diverse economy, the best capital / financial markets in place for investors, the best investor protections, and the worlds most successful companies to ever exist. + +So why should someone willfully invest their money in countries where they have worse investor protections, less profitable companies, more corruption, currency risk etc? + +I would love to hear some other thoughts on this. +So you're all probably already aware that the ASX is on an absolute dumper of a day - one of the worst days of the past year. As I write this, the ASX200 is currently down just under 3% from yesterday's close. + +What some of you may not know is why this happened. Essentially what it boils down to is the US Federal Reserve releasing the minutes of their December meeting. Link for those interested in the primary source: [here](https://www.federalreserve.gov/monetarypolicy/files/fomcminutes20211215.pdf) Some key takeaways from the minutes: + +* Inflation appears to be more widespread and persistent than the Fed expected (shocked reactions only, thanks 😲) +* Participants noting "significant amount of balance sheet shrinkage could be appropriate over the normalization process, especially in light of abundant liquidity in money markets and elevated usage of the ON RRP facility" (this is the Fed tacitly admitting to there being far too much money running making its way through the economy, makes you wonder where all that liquidity came from?) +* Almost all participants stated that they had revised up their forecasts of inflation for 2022 notably, and many did so for 2023 as well. +* The Committee would quicken the pace of reduction in the Federal Reserve’s net purchases of Treasury securities and agency mortgage-backed securities (MBS), and the median respondent projected net asset purchases to end in March 2022. The median respondent’s projected timing for the first increase in the target range for the federal funds rate also moved earlier from the first quarter of 2023 to June 2022. + +Some of the implications of this, I think, are pretty interesting: + +* A foreign country's Central Bank, announcing that they will taper their asset purchasing program slightly quicker than expected and increase rates slightly faster than anticipated **caused a 3% decline to our stock market in a single day.** A lot of the poopoo-tier investments that run of nothing but speculation and cheap money (read: BNPL) shat the bed even harder. Afterpay down 10% (let's face it though, it's always been a junk investment). +* In light of the above, I think it's clear that despite what regulars on this subreddit will have you believe, market participants believe that QE and low rates have a SUBSTANTIAL effect on asset prices. The mere talk of a reduction in aggressiveness of those in a FOREIGN economy has a led to a fairly sizable single day dip. + +In terms of what I'm doing to mitigate such risks in my portfolio: + +* Increasing exposure to value stocks (particularly essentials - I love WOW). +* Avoiding any speculative stocks, those with extremely high P/E ratios, no profits & tech stocks (exc entrenched players with strong fundamentals like FAANG + MSFT, NVIDIA, AMD, etc). +* Deleveraging + +Feel free to comment whatever you'd like, but I'd be interested in hearing about this sub's thoughts on two issues in particular: + +1. Do you believe the policy of QE and low rates have contributed to distorted asset valuations? +2. Have you taken any steps to mitigate such risks from your portfolio? Why/why not? +I've been on the FIRE path for quite a while and have achieved many key milestones along the way but I couldn't reconcile the two halves of my life in conflict here and one side had to win out. I say this in part in jest as I know the two are not mutually exclusive but it really does feel that way sometimes. + +Some time in the last couple of years I crossed LeanFI levels and have been working towards 'current lifestyle FI' (as I called it) or possibly even FatFIRE. My profession is a high intensity extreme travel type life, I've been on the road 250+ days/year for 16 years and my original goal was to get out of this by divorcing myself from the need for income and then find things to occupy my time. + +However, I've always been a 'car guy' and it was the one area where I've splurged a bit though always in modest proportions. For example, about 18 months ago it was time to retire my '03 Cobra for another daily driver, I settled on a low miles '10 Jaguar XKR where at $28k I thought the $ value/fun ratio was well in my favor and generally didn't disrupt my overall savings to any noticeable degree by paying cash for it. I also was hoping that buying the 'poor mans Aston' would satiate my desire for the real thing. + +It did not. + +I'm coming up to my 40'th and felt like I should do something to mark it and indulge a bit. I've wanted an Aston Martin my whole life and it was clear to me that even though the Jag was 90% the same, and even superior in some ways, that I still, for whatever reason, needed to have one even if it meant delaying RE whenever that would be. + +So I did it. I bought my dream car and just about broke all the rules doing it which is why I am here to turn in my membership card. + +So first off, the car. I started out looking for a 'cheap' DB9. As I went through the process I decided pretty early on that I really wanted three things in the car, the first being it had to be in a color scheme I liked (Aston Martin makes a lot of red and blue interiors, I don't think I could live with that), it needed to be no older than a 2009 (there were a lot of upgrades in that year I wanted) and it needed to be a manual transmission (only 5% of production is manual transmission and they carry a significant premium over the Sportshift cars). At that point, the market for a car with everything I wanted was WAY more than I originally intended to spend so I thought 'if I'm really going to spend that much, what else should I look at?' which is where I made the jump from DB9 to DBS, the 'flagship' of the Aston Martin line for the years it was in production. + +In the end, I wound up with this: https://imgur.com/aPvsoVY + +With the stablemates: https://imgur.com/qyM5iYN + +A 2009 black on black DBS with a manual transmission with ~24,000 miles. + +At over $100k it was REALLY hard to choke down spending that much money and there was no real way to justify it or rationalize it with my FIRE plans that I had been working on for years. I really just had to bluntly accept the fact that this means working at least an extra year, probably two or more and that in order to make this purchase I would need to be OK with that. After wrestling with that decision for a couple of weeks I went forward and bought it. + +And broke all the rules doing it. I could have written a check for the car and just been done with it but felt uncomfortable with how much of my taxable brokerage I would need to liquidate to do that. But the thought of taking on debt to buy something with no real 'need' in my life also was incredibly painful. In the end, I split the difference and financed half on a 48 month term at 3.6% interest which I thought was quite a reasonable term for something like this. Turns out that exotic and 'super' car financing is generally pretty good on terms (obviously depending on one's credit). I rationalized this to myself by looking it the loan as a matter of risk mitigation and by setting up the payment schedule as if it were a 12 months loan and plan to reduce my forward looking savings rate by about 50%. If something catastrophic went wrong in my life I still have a good cushion to carry me, if nothing goes wrong then I paid very little in interest and my brokerage account is fully replenished to pre-purchase levels in 12 months. + +It was really hard to shake all the lessons learned from reading things like 'The Millionaire Nextdoor', and other such books where it seems like the 'look rich, or be rich' is an either/or proposition and that if I did this, I would never achieve my FIRE dreams forever condemning me to corporate slavery. And while I couldn't continue to make decisions like this on an ongoing basis my realization is that FIRE does allow for indulgences on occasion, sometimes even great indulgences and that our mantra of 'build the life you want, then save for it' really is a better mindset to adopt. +No fancy pics or anything. Happened at the beginning of rising rates months ago but I took an 838,000 loss on a few stock trades (not options) that were growth stocks I didn't think were this high risk. That's 70% of my worth and was 10 years of my life. + +How do you guys cope with this? Every time I hear anything about finance, I sink into depression. + +Edit: these are realized post tax losses +**How on Earth is Citi's Stock Price so Low!?** + +Is there a stock as ridiculously underpriced as Citi (C)? Before the 2007-2008 crisis, Citi was trading at around $500/share and then abruptly crashed down to prices as low as $15/share before moderately rebounding to around $40/share in late 2009. Since 2009, Citi has been trading within the range of $40-$80/share despite enormous growth in the company's financials. Citi currently trades at roughly $50/share despite yielding annual free cash flows (FCFs) which are far, far, far greater than they ever did when its stock price was roughly $500/share. They had FCFs of \~$57 billion in 2021! And the 2022 Q1 report makes the rest of the year look extremely promising. If you took their Q1 2022 Net Income, "extrapolated" that figure for the entirety of 2022 by multiplying it by 4, and assumed the same Net Income/Free Cash Flow ratio as seen in 2021, you'd get a FCF number equal to around $44 billion! Both their actual 2021 FCF figure and this 2022 estimate are drastic improvements from prior years. But keep in mind that this "back-of-the-envelope" estimation calculation is most likely an underestimation for one big reason: + +**RISING INTEREST RATES** + +Banks make more money when interest rates rise. The Fed is raising and will continue to raise interest rates to recent records to combat the recent bout of inflation. Banks such as Citi stand to gain enormously from this. + +Yet for some reason, the Fed's announcement of interest rate hikes in March barely had an effect on Citi's stock. + +EDIT: Additionally, Warren Buffett recently invested an enormous amount in Citi, but that had very little effect on its stock price. + +Every single DCF model I've seen of Citi yield Equity/Share values that are far, far, far higher than what the stock is currently trading for. Analysts widely seem to agree that Citi is undervalued and has been for several years. + +Just for fun, I took the Free Cash Flows generated by Citi from 1989-2021 and used the Excel forecast function to use that data to create a forecast for the next 10 years within a 95% confidence interval. Thereafter, I took those FCF forecasts and used the "terminal value" method to come up with a NPV Enterprise value for the company (assuming a 5.5% WACC, as calculated by valueinvesting.io). I took this figure and subtracted the company's net debt to arrive at an equity value for the company. Afterward, I divided this equity value and divided it by Citi's shares outstanding. This is essentially how DCF models calculate a stock's "intrinsic" price. I got an "intrinsic" price of **$254.68/share.** + +But that's not all! I also did the same thing but used the FCF forecasts from the Lower Confidence Bound (meaning Excel is 95% sure that the actual values will be higher than these values). Thereafter, I averaged the results from the median forecast and the worst-case scenario (as it is extremely unlikely that Citi will actually yield FCF of around -$35 billion for every single year for the next 10 years). Averaging the median forecasts and the worst-case forecasts, I got an "intrinsic" price of **$56.55/share**! Keep in mind that this is basically the most realistic **worst-case scenario** for Citi's future FCFs. + +**Citi is currently trading at $46.35/share.** + +I've done tons of DCF models and my "intrinsic value" figure always ends up being pretty close to the actual stock price. This is virtually the only exception. How on Earth is Citi only trading at $46.35/share!? How is that even possible!? Why isn't the stock price soaring? +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Is anyone here in Fatfish Group LTD ($FFG) ? I'd like to know what you all think of it. I'm a North American looking for some good Australian blockchain stocks. Any other Australian blockchain stock recommendations would be appreciated. + +edit: just realized my flair should have been "dumbfuck discussion" . +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Market is extremely volatile and irrational. +Impossible to time the market - bad news = stonks go up +There is still potential for day trading due to the daily swings but not predictable. + +Solution? +Cut your losses, invest long for 2-3 years with a diversified portfolio and forget about BBOZ. + +ETFs are relatively safe but will only give ~20% returns +We've all lost more than that already. + +Diversify through single large companies that have high potential for returns. + +For example +Webjet dropped from $12.50 to $2.50 +Just wait 3 years and make 500% returns. + +Diversify between 5-10 other large potential companies for safety and leave it long term. + +Thoughts? +What are you gonna replace DRS posts with? 50 posts about a warehouse fire that doesn't even relate to GME? Memes? Shitposts? The DD makes it to the top regardless of DRS posts. You know what drowns out important posts? The obvious shills and bots downvoting everything against their agenda. DD isn't getting votes like it used to not because of DRS posts, but the obvious organized effort against anything productive in the sub. + +And guess what? DRS posts are productive, it shows the effort and push people are making to do it. And in turn inspires others to do the same. The rest of reddit is full of memes, news, shitposts, etc. If you wanna partake in that content. This sub is about GME, not what you believe it should be. And DRS is part of GME whether you like the posts or not. + +They would love nothing more for this sub to be just another place for shitposts, memes, and rabbit holes that lead no where. +I'm in my early 20's, making a fair salary, and I'm wondering what you would all suggest I do so that when I'm about 30, I can be happy I did my best. + +I know some of you are older, what would you have done differently? + +For context: + +I don't have expensive tastes, but also I'm no super frugal. I like to spend money on experiences. + +Travel isn't a major concern right now, but I do burn a few K a year usually. + +I have around \~10K sitting in a Commonwealth Savings account doing nothing special. + +Money isn't something I think about a lot. I would honestly prefer to work part-time, so what can I do now to ease the pressure later on? +**The Data:** + +&#x200B; + +We closed with the 50 day SMA at $34.66, and the 200 day SMA at $34.95 + +for a difference of $0.29 + +[Yesterday](https://www.reddit.com/r/Superstonk/comments/wm0qo9/golden_cross_update_tracking_the_convergence_now/) the 50 day SMA was $34.45, and the 200 day SMA was $34.97 = a difference of $0.52 + +[Two days ago](https://www.reddit.com/r/Superstonk/comments/wl7gwv/golden_cross_update_were_not_there_yet/) the 50 day SMA was $34.29, and the 200 day SMA was $34.99 = a difference of $0.70 + +&#x200B; + +Visual aid, close up: + +https://preview.redd.it/2o18ag8a9ch91.png?width=3840&format=png&auto=webp&s=5c001b7f80e81599ed1627e6add4a160892e69ab + +&#x200B; + +Here's the 2 year graph: + +https://preview.redd.it/upg3kn9b9ch91.png?width=3840&format=png&auto=webp&s=0ce24d5ab7fde40cb3f3199e62767b2e5c48eea7 + +&#x200B; + +and the 2yr log scale graph: + +https://preview.redd.it/dq3839kc9ch91.png?width=3840&format=png&auto=webp&s=0c942ef1980082d4ca57117ad0b9c4ee364ad109 + +&#x200B; + +&#x200B; + +If you want to know why I'm tracking it, here's [my post from 3 days ago.](https://www.reddit.com/r/Superstonk/comments/wkno2e/golden_cross_update_t2_since_a_post_faked_it/) + +Basically, I want to give apes accurate data and avoid misinformation. + +&#x200B; + +[how u\/matomika describes this event](https://i.redd.it/mt1yot7qa8h91.gif) + +&#x200B; + +**FAQ:** + +What is a Golden Cross? [Investopedia's definition](https://www.investopedia.com/terms/g/goldencross.asp), it's when the closing price of the 50 day Simple Moving Average crosses above the 200 day SMA. The Golden Cross is a lagging confirmation indicator, meaning that it confirms we are currently in a bull market. + +What happens after the Golden Cross? I'm not here to speculate, I'm only tracking the data for the Golden Cross. + +When do we cross? Check out the math below + +&#x200B; + +**The rest of this post is just fun with numbers:** + +&#x200B; + +Thank you u/jab136 [for crunching the numbers for us yesterday](https://www.reddit.com/r/Superstonk/comments/wm0qo9/comment/ijwlu2u/?utm_source=share&utm_medium=web2x&context=3) for what the price needs to do to see the GC. + +>I actually did the math for what we would have to hit or average over the next few days +> +>Sum(last 199 days)/200+x/200=Sum(last 49 days)/50+x/50. Solve for x, and you get what we have to close at the following day (simplifies to x=(sum(last 199 days)+4\*sum(last 49 days))/3 +> +>Sum(last 198 days)/200+2x/200=sum(last 48 days)/50+2x/50. Solve for x and you get what we have to average in the next two days (simplifies to x=(sum(last 198 days)+4\*sum(last 48 days))/6) +> +>Every day longer reduces the count of days on both sums by 1 and increases the denominator by 3. +> +>If we had hit $74.06 today we would have crossed +> +>If we hit $60.24 tomorrow we will cross +> +>If we average $45.23 over the next two days we will cross on Monday. +> +>if we average $39.93 over the next three days we will cross on Tuesday. +> +>an average of 36.80 over the next 4 days will cross on Wednesday. + +*Keep in mind this is from yesterday* + +&#x200B; + +His formula is sound but I ran the numbers myself and got different results. + +&#x200B; + +For closing price needed for the GC today I used + +((199SMA\*199)+x)/200 = ((49SMA\*49)+x)/50 + +((34.92\*199)+x)/200 = ((34.53\*49)+x)/50 + +(6949.08+x)/200 = (1691.97+x)/50 + +6949.08+x = 4\*(1691.97+x) + +6949.08+x = 6767.88+4x + +3x = 181.2 + +x = $60.40 + +&#x200B; + +needed $60.40 closing price to cross today, + +&#x200B; + +((34.88\*198)+2x)/200=((34.56\*48)+2x)/50 + += $45.12 avg til Monday close to cross, + +&#x200B; + +((34.82\*197)+3x)/200=((34.58\*47)+3x)/50 + += $39.83 avg til Tuesday close to cross, and + +&#x200B; + +((34.77\*196)+4x)/200=((34.64\*46)+4x)/50 + += $36.7633 avg til Wednesday close to cross. + +&#x200B; + +&#x200B; + +We calculated at different times so we probably used different numbers (I used closing prices up to last night, August 11, 2022) + +Or my math is just off so if you want to prove me or u/jab136 wrong, give it a crack. + +&#x200B; + +Stay zen and have a great weekend. + +&#x200B; + +&#x200B; + +TLDR: $0.52 difference in 50/200 SMA yesterday, $0.29 difference today, Golden Cross is even closer. +New to this sub, so forgive me if this has already been covered. + +Wife and I are mid-50's, close to R. We have 3 kids. 1st is halfway through 4-year college, the other 2 starting in September. We've of course modeled and planned extensively for education expenses, housing, etc. + +What I'm struggling with more is what kind of expense reductions we can expect post-college when they fully "fledge." We don't expect this to happen right at graduation, but at some point expect to experience some reduction in a number of expenses- auto insurance/gas/maintenance, phones, clothing, food, etc. When I go through line-by-line budgeting, estimates range 14-18% monthly burn reduction (depending in part on timing of how long they stay on our health insurance) by the time the youngest are \~27 yrs old. + +I'd like to gut-check this against any real-world experience on this sub: for those of you who've "fledged" your adult children, what was the expense impact? + +EDIT: Thanks all for the many insightful comments/experiences around supporting, weaning and launching adult children. In retrospect I should have been clearer in my question. + +Most of the comments have addressed approaches and values around launching adult children, whether and how to provide financial support, and for how long. This is important stuff, and something we defined and communicated to our kids some time ago. + +What I was hoping to find now were experiences from those who have launched adult children, who could share how that launching impacted their recurring living expenses, and whether that impact was in line with their plans and expectations. +**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. +late 30's in Los Angeles area. Have been grinding away building my business for the past decade, and looking to exit soon. I'm pretty burned out, so looking forward to taking some chips off the table, at the same time trying to be wise and not rush things. + +I'm in talks with a Private Equity firm who reached out to us. They are one of the larger firms and after our initial discussion, they've sent over an NDA and have requested further financial and business details. I want to make sure we don't go in blind, our business has actually grown cause of covid 19 so right now our numbers are looking better than ever. + +I have an Investment banker that we were working with in the past, to get the business ready to sell, but timing wasn't right so they went into holding pattern. + +Would you recommend using the investment banker again to have someone in our corner as we deal with the P.E.? If so we will definitely negotiate their cut since we were in touch with the possible buyer first. + +Also I know there are some other things I need to get into place such as + +umbrella insurance policy + +a good M&A attorney. + +Looking for any other recommendations of things i need to get into place. + +As for my personal finances, i've been living a fairly normal life, and trying to put any extra savings into low costs index funds, 80% VTSAX and remaining in some tech stocks. + +All said and done I've got about 1.7 million in the above stocks/vtsax, 300k in cash, and still paying off my home with about $400k of equity in it. + +there's potential for me to get 5-15m from this deal. + +any specific thoughts on how to best deal with the PE firm would be appreciated as well as any general guidance so i dont screw up this fat fire thing. + +I don't need any fancy things, would probably like to move to a slightly bigger home eventually, but other than that i've got all i need and don't foresee any crazy lifestyle creep. + +thanks in advance!!! +https://www.axios.com/pinterest-ipo-terms-private-valuation-430d186d-56d5-4a07-acc0-dda415b11734.html + + +This company is going to get bulldozed by Instagram. Reminder that within the same days Pinterest officially filed to go public, Instagram conveniently leaked this upcoming feature: https://techcrunch.com/2019/02/22/instagram-make-collection-public/ + +Bazinga. +[Wall Street Journal article ](https://www.wsj.com/articles/when-your-neighbors-move-into-your-investment-portfolio-1544204283?emailToken=dc0d7fcadba0b0d40150d9a5fba9ab0bZon8ypB/bBssorehSV9TKqJv3K9X7OM+CbaUXu+lSadNLpPpIZ708/86dQGM/Na0VVF/2K6qKv2+HtXWBU+MiUGdqPx3FBKBjP9vJgDceaH5gCby6OsYZAeBGi74G9Og&reflink=article_copyURL_share) +GME is the single biggest anomaly in the stock market right now. + +$10,000,000 IS ABSOLUTELY POSSIBLE. + +Edit: [GME FLOOR](https://gmefloor.com) <- this can be a joke satire website for all I care, but it's a good starting point for you to think about how much you want. This doesn't reflect the actual floor price because there's no "we", and that's fine. Apes have a number in mind. + +Edit2: $10mil is a ballpark number for easy understanding. True floor is rising every second. $10mil is not the minimum or the maximum, but a number I'm using for my illustration. + +This is not called an infinity squeeze for no reason. + +We could be seeing numbers go as high up to $250million per share, who knows? + + + +In terms of statistical probability, how is it that: + +1) The hedge funds overshorted this stock by more than 100% + +2) Didn't cover during the Jan run-up. THEY DIDN'T COVER. + +3) and they chose Gamestop of all companies to fuck with + +4) Have Ryan Cohen come in and change the board, fire the CFO and tell the CEO to GTFO + +5) That Gamestop can clear all its debts and have $400mil cash ready to steer its transformation + +6) With DFV, RC and Gamestop themselves tweeting memes and dropping hints and whatever the fuck have you, with DFV continuously buying and holding and quadrupling down + +7) Find renewed retail interest in the form of maximal autism in the unlikeliest of retail audience: the fucking internet + +8) and all you have to do is BUY AND HOLD? + + + +It's so fucking hilarious that you as a retail investor can fuck the market up just by liking a stock and buying it, the game plan so stupidly mind-numbingly simple that literally nothing works against it except your personal belief in the price. + +Just remember, as unlikely as it seems, the entire set up as it built up was just as unlikely, AND IT STILL HAPPENED. You have reason to believe that it won't go to $10mil or more, and that's ok because that's never happened before. + +I on the other hand have every reason to believe it would just because it's never happened before and the track record shows it could. + +So why not believe? It's not hurting anyone who believes in the stock. + +And if you believe and hold, then you're likely to get more than what you're expecting. + + + +This is not financial advice. I hold for all of you single share apes. I believe, and I'm going to hold til I see a phone number on my P/L. +Here in Denmark we have universal healthcare, students dont pay for any kind of school. University, trade school and so on is completely free. Students over 18 even get 900usd a month from the government, so they dont have to work as much and can focus on their studies. We have 9 months paid maternity leave and you can apply for more if you have complications. We have 6 weeks of paid vacation and paid sickdays, even for the 15 year olds working in your local supermarket. And the minimum wage is about 18$. How? Unions :) + +This is the fucking way guys, and I fuckin cant wait to pay my tribute to this absolutely wonderfull system we have here. + +We even have fixer rooms where small amounts of dope is legal to carry in a vicinity around it. These rooms have needles and what ever you need to shoot up, plus trained health professionals to assist in case of OD. + +These fixer rooms had 10.000 OD cases world wide. How many kicked the bucket? 0 + +Dont fuckin step on your addicts and throw them in jail. Give them the help they need and they will become productive members of society again. + +This is the way guys. We must take care of the poor, the sick, the old and the young! + +With this new wealth it is everyones obligation to spread the prosperity and change their respective country for the better. The money we all are about to get is not just fun money, it is serious money. We will have power and we have to use this power to change things for the better. Tax the rich slimey capitalists and ensure those who are down gets a helping hand! + +I could go on and on, but I will leave you with this question. + +What world do you want your kids to grow up in? + +Edit 1: +Some of you seem to take this as an open invitation to discuss taxation and politics. This was not my intention. I wanted to remind you all to pay your taxes and show love for your neighbors. Especially if your government does not do so. + +I will gladly discuss politics with you, but please PM me instead :) +I hope this is the right subreddit for this. I recently got a really good job offer from another company offering 20% more on salary with added benefits. My current employer has offered me 30% share of the business (small company with a turnover of 1 mil year) with an initial 10%, and 10% each year for 2 years. I have spoken to him about this and the intent is to sell the business in 3 years if possible. How does it work? If they sell the business in 3 years for X, do I get 30% of that lump sum? Does this depend on the share type? If so, what shares should I be looking out for in the contract? Any other clauses I should look to include? I don't quite trust the director which is causing the hesitance. I want to make sure my share would be protected and it yields some returns in the event of a sale. Otherwise the new job offer would be a much better option. Any advice? Any questions welcome, I'll do my best to respond ASAP. + +Thanks in advance + +Edit: Thank you for all the replies. I'll try go through them and feedback on any questions to help clarify. Really helpful! + +Edit 2: Quick update: I should have mentioned, my current employer does not know about the alternative job offer. Both events just kicked of at the same time. + +Edit 3: Thank you everyone for the brilliant advice!! Making a decision this week. Will keep you posted. + +Edit 4: Took the other Job offer :) +Whoever [gave Citadel $600m cash](https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/hg-bonds-citadel-finance-places-600m-of-notes-in-bond-market-debut-terms-62989441) now is in a world where [those bonds need 100% haircut.](https://www.businesswire.com/news/home/20210301005850/en/KBRA-Assigns-Ratings-to-Flagship-Citadel-Multi-Strategy-Hedge-Funds) + + +Speculating and extrapolating, based [on who owns BRK.A,](https://www.nasdaq.com/market-activity/stocks/brk-a/institutional-holdings) that also interacts with Citadel we get this list: + +BofA 908 shares ($397M) + +UBS 858 shares ($375M) + +Morgan Stanley 609 shares ($266M) + +BNY Mellon 346 shares ($151M) + +Wells Fargo 253 shares (sold 157 for some reason) ($110M) + +&nbsp; + +Today = $504k AH, Yesterday = $661k per share AH. + + +&nbsp; + + +Making it worth to each of these possible institutions: + + + +BofA 908 shares ($457M today AH, $600M value yesterday) so a $60-$203M jump in book value. + +UBS 858 shares ($430M today, $567M yesterday AH) a $55M-$192M Jump in book value. + +Morgan Stanley 609 shares ($307M today, $404M yesterday) a $41m-$138M jump. + +BNY Mellon 346 shares ($174M today, $230M yesterday) a $20-80M jump. + +Wells Fargo 253 shares ($128M, $168M respectively) +A $18-$58M jump. + + +Making just between the known entities Citadel works with. There was a net gain $194M in value this AH and $671M yesterday AH. + +Curious that Citadel got [$600m a few months ago.](https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/hg-bonds-citadel-finance-places-600m-of-notes-in-bond-market-debut-terms-62989441) + + +&nbsp; + + +So yeah, it could be [new haircut requirements](https://www.reddit.com/r/Superstonk/comments/qfona1/dtc_updates_collateral_haircut_100_haircut_means/) causing BRK.A to jump due to Citadel bonds no longer meeting collateral as the are BBB. +I've discussed this possibility with a few very close friends of mine, and I'm wondering if such a setup is feasible, and would like to discuss what could be the potential downfalls of such a system? I'd also love to hear some similar stories that any of you may have heard of that could help us on this journey, or even convince us to not do it at all (I'm not married to this idea, and would much rather poke as many holes in it before all of us even think of committing) + + +Some potential issues that come to mind are - + + +1. Disputes : This one's a biggie; the 10 of us are really tight - and the last thing we'd want is something like money to come between us. We're all pretty understanding individuals, but with money, I guess you never know what could come up. +2. The inability of one or more individuals to be able to pay their share because of unforeseen professional or personal problems. +3. The logistics of one person most likely being geographically closer to the home and inevitably being given an unfair amount of maintenance responsibility as compared to all the other members. + + +Do let me know if this is a rather childish idea or actually has the potential of working. Thank you all for your inputs in advance. +Hello r/realestateinvesting + +Long time reader of this sub and absolutely love the content and candid feedback. My question is, we have built up a portfolio of 9 properties in 3 years and I have self-managed the properties till now. Recently, I have felt like to scale effectively, I need to hire a property manager and start developing better/more efficient systems in place to really grow effectively. In addition, I still have my full-time job and might be moving out of state for an awesome promotion. I love my job, and don't want to quit to do real estate full time. + +&#x200B; + +But, here is my question. I have hired a property manager (2-week ago) and I feel like I could 100% do such a better job. I find myself being very tempted to micromanage this person because I just feel like they are forgetting to do things, or not doing them well. + +&#x200B; + +Does anyone have any advice on switching from being self-managing to hiring a property manager? Did they get the same level of rent prices that you did? I would love to hear your experience and any advice on a successful transition. + +&#x200B; + +Thank you! + +Edit#1 - thank you all for your awesome comments. I’ve concluded that I need to wait a few more weeks before I can make a decision on this. My gut is telling me once we get into a good groove with the transition, it will be a win/win for everyone. For those asking, here is the terms of our agreement: 10% gross rent, 50% leasing fee (no fee for renewal), split late fees. No charge for time on evictions, insurance claims, handyman, etc. I wanted to make sure if this because I heard horror stories of PMs nickel and diming owners for everything. + +Edit#2 - everyone has provided some awesome feedback. It is making me feel so much better and actually building trust with current PM with your perspectives. I told myself even if rents dive and do on, it is still worth it for me to invest in RE. I think it also reflects on the importance of having huge margins and fail safes in case you do need to drop rents. +Raven X is a charity token, donating 2% of every transaction directly to the Binance charity wallet. A total of $400,000 USD has already been donated in the 12 days the token has been active, with the goal being to hit $1M USD within 30 days of launching the project. The donation rate to the BinanceBCF has been temporarily increased to 4% to give more in order to hit that goal quicker. The donations have also been recognized officially by the Binance Charity Foundation on twitter and the marketcap is only around $8M USD as of posting this, so it has the low marketcap gem potential. There is plans already underway to list $RX on WhiteBIT next week (paid for, just waiting for the WhiteBIT dev team to arrange everything). When you pay to list on WhiteBIT there is also a significant marketing service package included that they provide which should also bring new adopters. + +&#x200B; + +The website was already revamped once, but the developers are looking at doing another redesign soon. They also have a voice AMA today (25th April) at 19h UTC, 12k+ holders and 5k+ telegram members, the devs are active, team tokens are locked for 6 months (2% unlocks every 4 days) and the liquidity is locked as well. + +&#x200B; + +Binance charity is different than most charities as they focus on different tasks, but their main aim is to create thoughtful long-term solutions for the world’s most complex problems (effective altruism). They focus on issues concerning poverty, hunger, educations and what not, so a lot of the usual stuff, but the approach is different. By having a coded donation go directly into the Binance Charity Fund wallet, there is full trackable transparency and absolutely no potential for fraud- and no matter what this will continue with all RavenX transactions, forever. + +Check Raven X out at [https://ravenx.finance/](https://ravenx.finance/) + +Telegram: [https://t.me/RavenXfin](https://t.me/RavenXfin) + +Contract address: 0x8891de345808e77228677f0efb56125db1e93a49 +The Situation: + +Back in January Hedge funds called the wolfpack who aggressively short companies together on the market into bankruptcy were caught with their pants down when the companies did a full reversal due to retail investors simultaneously investing in undervalued retail stores coming out of the pandemic. + +Knowing the Wolfpack: + +It operates as independent hedge funds that function as a hive mind, shorting the same company together to make more money. Bailing themselves out of trouble like in January \*cough cough\*. + +What is a short: + +When you sell a stock and owe a share on your account but have the cash equivalent from the time you sold the security credited. Prime brokers or banks all the popular ones in the US will allow hedge funds to short a stock anytime they ask even if there are no shares to short available to profit 1% from the transaction. When the prime broker cannot locate a share for the short later on it is marked as an FTD and send to the DTCC who is supposed to be a regulatory authority but doesn't do its job because it is full of corrupt people that profit more from fines. + +The Perfect Platform: + +There was a brand new start up trading software literally called robinhood that marketed itself to retail investors and was hugely popular for obvious reasons in name as well as human factors software engineering. The beautiful thing Robinhood did for everyone in January which was actually seen as the beacon of light for retail (when they listed every stock we shouldn’t attack) \*Wait hold the fuck up Vlad is Actually the Good guy?\* was when the trading platform prevented retail from buying the shorted securities in the January short squeeze and only allowed selling which gave HFs a chance to get those shorted shares back. The problem is…….No one fucking sold. The biggest most popular two stocks are GME and AMC who have since January done big things to stay afloat and outlast the shorters. AMC is different in the sense citadel is long, their buddy Wanda sold early, it’s almost like citadel is afraid to go short on it but wants to control the price I would be careful here apes, I was able to connect Wanda to the short hedge funds and it looks like they just told their buddy to hop out. GME is especially being known for doing a complete business transformation involving a board of directors composed of ecommerce industry leaders from chewy and amazon. Their Chairman, Ryan Cohen ex-CEO of chewy leading the ship to a complete turnaround in revenue, eliminate debt, improve customer service, and expanding the demographic in such a short time. + +Fast Forward to Now: + +Hedge funds that originally had Billions now have their cash all locked up in margin accounts with the prime brokers or banks. The banks have given them 10-30 to 1 leverage on shorting securities as long as they can keep enough collateral in the account. The hedge funds have found lucrative ways to stave off margin calls over the last 4 months doing everything from a textbook crypto currency Bull trap: + +&#x200B; + +https://preview.redd.it/rlvokkh7w6171.png?width=512&format=png&auto=webp&s=894c40073929a2297d40c72a57fc4c432f19a73b + +To shorting treasury bonds: + +&#x200B; + +https://preview.redd.it/f5s9ox98w6171.png?width=878&format=png&auto=webp&s=43cef460f5814a8b391a62ec4d3ffbaa4516f1fc + +The federal cap on reverse repo is 500B we are expected to hit that before Friday…. + +&#x200B; + +https://preview.redd.it/h8oqv6y8w6171.png?width=1495&format=png&auto=webp&s=57d9ef780564cb3b52bcbca0fa5fe8d776235638 + +This is how I found out that hedge funds were using crypto to make cash to use for Margin^. u/criand recommended I add the FTD dates to this to show that the arrows are pointing to FTD spikes: + +January 29 +Feb 25 +March 11 +May 17 +(See his post for more info on FTDs trying to keep this simple) + +If you’re a numbers ape please reference this post here: https://www.reddit.com/r/Superstonk/comments/nkde38/bitcoin_address_activity_appear_to_mirror_gme/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +OP describes tracking the address of the account stating that it is capable of perfectly timing markets and their trading strategy resembles an institutional investor or bank then further goes into its transaction history.... + +Another data point that can help prove my point here is the US margin debt value taken in March at 822B it’s up 72% from last year that’s 350B higher than last year think about that what event happened that required a stupid amount of cash on margin? Shorting stocks to oblivion. While not all of that number is hedge funds that number is also from March and there’s no sign of them covering, meaning it’s only gone up since then. 1T just got wiped from crypto and there’s most likely exactly 1T in margin debt of which 80-90% is probably hedge funds. I don’t believe in coincidence…. There’s no way retail traders make up a 72% increase in margin. Margin data that was primarily used by hedge funds in the first place. + +An Ape in the comments added that shills were being paid to spread FUD in crypto, completely untraceable. It would be easy to pay in crypto when you have huge crypto wallets as well, just another clue of their illegal activities. + +5/24 entry: My suspicions of another member defaulting last Monday on the pivotal date of FTDs May 17th was correct. [https://www.ft.com/content/c02a6e97-5505-4d4a-933f-a0e934ca6eda](https://www.ft.com/content/c02a6e97-5505-4d4a-933f-a0e934ca6eda) + +Greensill is down. This makes HF no 5 I’ve counted so far, bank no 2 that has shorted the meme stocks another small entity. How this one ties in: the clearing house estimated to come knocking tuesday 5/25 will be for them. They have publicly announced failure today as another bank took control of its assets. The last step in day 5 of the self winddown next step is for the clearing house to close short positions. + +Why Greensill defaulted and bringing an Italian bank down with it connected all the dots: when archegos fell a while back they almost liquidated credit suisse a pretty big bank. Archegos was a small hedge fund. This confirmed the banks and the hedge funds are paired up and the banks act as the prime brokers for the hedge funds and make massive amounts on share lending and Payment for order flow. This is how they were able to **beat earnings** but then ask for **record high bond sales**! The final piece of the puzzle! The smaller the hedge fund the smaller the bank they are partnered with….the bigger the hedge fund the bigger the bank! Look back two months ago. What banks sold bonds for liquidity? + +This leaves many people wondering what will happen, this leads me to my next section of: I’m not a physic but I’m pretty damn sure I just read these wounded animals like a fucking book. + +My Prediction of Future Events: + +Tuesday May 25th there will most likely be a T+21 Buy, a clearing house closing Greensills positions, and major whales trying to margin call HFs…… This day will result in 1 of 2 outcomes: + +1. HFs give in and let us win because they know they cannot beat this buy pressure. +2. HFs use all the remaining margin from the repo market (100B) to short our offensive one last time + +The Federal banking committees (congressional and the senate) are set to meet with the biggest banks on wallstreet to what I can only assume to be them talking politely to the banks asking them:”Why the fuck have you let this get so fucking far out of fucking control you stupid fucks, I have no more cash in the repo market to lend you” + +Meanwhile in the stock market we cause the biggest margin call of US history. Lets do a rough estimate of margin here: All the leverage given by banks at 10 to 1, the entire 500B in the repo market, the 1T in crypto, the HFs individual total assets…..eh maybe 2T-3T dollars short?....... + +Once the reverse repo market hits a cap at 80B per party but not every party that can be involved, wants to be involved the hedge funds are done. No more cash to pull from to maintain collateral requirements. The government will put a cap on this if it keeps growing at this rate. No one has enough assets to cover this fuck up. Soooooo Bam Margin call hits Friday-Tuesday on everyone short. This gives 5 business days for them to get their affairs in order and then clearing house buying computers will step in and rip these meme stocks to the high fucking heavens. MOASS baby. + +Why does this have to end by June 6th? If a true count of how many shares were shorted, naked shorted, rehypothecated ever got out the US financial market would be seen as an absolute fucking scam by the entire planet(if this whole story didnt already). This is why the government has put pressure on the regulatory authority to force the hedge funds out of their positions. You think the government had nothing to do with this? Who kicked out the old chairman and put in Gary Gensler? Who has since his appointment been dropping rules meant to squeeze hedge funds out of shorts non stop? More collateral=fast squeeze. More available players to bid on assets=sprinkling some blood in shark infested waters. Here Blackrock come squeeze the hurt hedgey so you can take his and all his prime brokers assets! The ducks are all in a line to kick this bad boy off by the end of this week, early next week. When banks and HFs collapse from overleveraging assets their stuff goes to auction. Meaning this event will cause the biggest stock market crash we’ve seen in possibly forever depending on how well banks manage their assets. Just enough buy pressure, or a slow bleed across a few days and they run out of collateral. BUY HODL VOTE. + +P.S. When you’re rich, set aside cash for taxes before you go dumping into very attractive companies at 50% off or a new house or a car. And for all you assholes that don’t like dates Fuck you you’ll get over it. + +May 26th edit: Well this just got spicy, lemme give ya a rundown of what most likely happened yesterday. Short sellers lost 618M in a day and the FTD cycle will be spread out across a 2 day span. Most likely there’s been a margin call again, meaning we have a 5 trading day winddown period before another clearing house has to buy. Because a shit ton of options contracts just slid ITM after yesterday, expect a potential gamma on Wednesday the latest day options that are excersized can be delivered shares......Morgan Stanley booted their prime broker. Shit just got real, the chain reaction is about to run. Remember what I said up there👆 +The more members that default the more shares have to be force covered by a clearing house, until they get broke then the DTCC has to pay. The same entity that let all this happen this whole time when they were skimming fines from billions of FTDs from prime brokers...... ok I’m done. + +Special Thanks: + +My buddy Brian finance Major from Rowan University who has repeatedly gone to finance professors and asked questions for me he didn’t know the answers to. + +My buddy Rahi, a Physics Major who helped me run some numbers on work nights. + +My GF for believing in my crazy rants about GME, doubling down with me in your own brokerage account, and Supporting me while I work 3 jobs and spend more time on research and career progression than you. + +u/HomeDepotHank69 for convincing me to share this DD despite the Shills and No dates haters that have since swarmed my account. + +Here’s to being filthy fucking rich, cheers DFV. +Well, this sucks, like sucks-donkey-ass kind of suck, but what a freaking journey it has been. I started day trading in November 2020, almost a year to the date. It took me from 15.000$ to 160.000$ at its peak, and then I have bounced up and down between these numbers. Gradually starting to use more risk as to blow of the top and pass the last previous high. In hindsight, such a retarded idea, I've always had the thought in the back of my mind - put some of it away on a savings account so you don't blow it all up. + +The proof is in the pudding and I should probably have listened to that, quiet but reasonable, voice. + +This last downturn in the market has put me at 6.000$ so I am by no means totally out of the game, but I am struggling with a plan to get it back, and am I need of tips how to gradually move forward from here. + +Tips on books both on trading and motivational books is appreciated, if anyone have a community where I could learn and lurk around, discord or something, that would be much appreciated. + +Not looking for sympathy, or perhaps a bit, F##K, no, actually, no need for sympathy. + +GOD SPEED! +Can someone help? Is this just me? + + +Seriously... I can't figure this out...I've learned harmonic trading, fibonacci, oscilators, PAT but nothing works...I've traded live stocks, forex, and futures...I graduated with an engineering degree without issues and with high gpa; so its not the math side.... + +I just can't figure out how the cycle continues for me: + +1. watch a youtube video, or read a stock market psychology book, or WHATEVER and get interested (all over again). Read/watch for months the methodology and live trading... +2. Test with paper trading.... +3. Double my paper trading account with confidence and create a live account. 3a) (because it goes by that fast): loose it all or at least 75% +4. Cry; rage quit when i actaully get to zero + +&#x200B; + +THE FUCK + +Edit: thanks so much for the responses. Am completely shocked. Ill add that the last ten years has been in swing trading but especially scalping. +So my parents thought it would be a great idea to drop me out of 7th grade to homeschool me. I am now in the 10th (at 15) grade and they have yet to start. My parents go to work and I just sit at home and play video games (I live in Idaho BTW). Is this even LEGAL!? It's been three years and I've done nothing!! Please help, I'm worried I'm going to grow up with no education or skills and will be homeless and fucked. Should I convince them to put me back in highschool or should I wait and get my GED at 18? Thank-you. + +PS we live in a hotel does that make it worse? +They have no control over the OS right now. iOS (Apple) and Android (Google) can do whatever they want at the OS level. + +Without control at the OS level. FB can't do the following: + +* Create an app store and charge 30% for transactions like Apple and Google does +* Control its own destiny. Right now, Apple and Google control FB's destiny just as much as FB itself does. Ex: Apple deciding to take away app tracking. Android could do it eventually as well because Google now knows less tracking drives more advertisers to Google search. +* Market its own products and services over Apple and Google's. For example, Youtube is preinstalled on Android and Apple's app store ads compete with FB's. + +FB is hellbent on having its own OS and controlling its own destiny in what they think is the next mass-market device: VR. + +FB is early in the VR push. It's early because it wants a seat at the table when VR is mature. But being early is expensive and they're not guaranteed to beat Apple, Google, Microsoft, Amazon, or some Chinese/unknown company. + +That's why FB is willing to lose $10b/year on VR. Do I think it's the right strategic decision? I don't know. Am I surprised that they're willing to lose $10b/year on VR? Not at all. Not one bit. I think Zuckerberg, with his full control, would drive Meta to bankruptcy before giving up on it. + +**Additional commentary:** + +While I think Zuckerberg truly believes in the "metaverse" future, I think the recent push into VR is somewhat fueled by the inability to innovate inside FB. Think about it. When was the last time FB launched a hit app? Whatsapp and Instagram were purchased. The best IG features were copied from Snap (Stories) and Tiktok (Reels). Besides the traditional social media apps, people are also spending more time on other networks like Reddit, Discord, Twitch, Clubhouse. FB can't innovate. + +They've built a culture of optimization, not creation. Because of this, they can't make something to capture the attention of the younger generation. As we all know, each generation has its own set of social media apps because kids don't want to use the same social network as their parents. FB will eventually die out because of this lack of innovation. The "metaverse" is kind of like Zuckerberg's hail mary. If he can create a platform, he can be the Apple or Google by controlling the OS. He won't have to worry about a new cool app that steals users away from FB/IG/Whatsapp because that app will be on his own platform. + +Let me ask you this: if TikTok was invented by Facebook, would they still go all in on the meta verse right now? + +Disclaimer: I don't own any FB stocks. I actually dislike the company a lot and wouldn't buy their stocks out of principle. But it makes total logical sense to me why FB is investing so heavily into VR. +One of the most bullish things for our ecosystem will be the adoption of crypto by large institutions. And today, one of Canada's largest auditing and verification firms announced that they have purchased BTC and ETH for the first time ever! + +The firm, KPMG, is a major player in Canada. It's been around for more than 150 years and employs nearly 8,000 people. + +Here's what they had to say : "Investors such as hedge funds and family offices to large insurers and pension funds **are increasingly gaining exposure to cryptoassets** (...). This investment reflects our belief that **institutional adoption of cryptoassets and blockchain technology will continue to grow** and become a regular part of the asset mix." + +For me, this news is absolutely a bullish sign. No matter what the haters and no-coiners think, crypto is here to stay, and this kind of news proves it. Institutions have only just set foot in it: we are still very early! Just think about it : if you hold long enough, you will probably end up selling your tokens to Wall Street big boys in a few years. + +We are, indeed, all gonna make it. +What Is Robo Inu Finance (RBIF)? + +Robo Inu Finance is a community-owned cryptocurrency inspired by NASA. + +Robo Inu Finance endeavors to create an open-source ecosystem which allows everyone to gain financial freedom. Recent market studies have shown that blockchain technology is bringing innovation by replacing any third-party or broker interference. However, the existence of intermediaries cannot be ignored. Thus, Robo Inu Finance is building a platform that seeks to ensure fairness and provide a reliable environment for digital asset transactions. To achieve this, Robo Inu Finance has integrated a smart contract into its protocol. Smart contracts are just like regular contracts; however, instead of being drafted on paper, these contracts run in the form of protocols on the blockchain. + +In addition, the platform also seeks to facilitate cross-border transactions by leveraging blockchain technology, meaning that the users can convert their crypto assets into traditional currency and send it to their friends and family residing anywhere in the world. Further, the inspiration behind creating Robo Inu Finance is the famous NASA story of launching Robo dogs to Mars. + +Moreover, the Robo Inu Finance ecosystem seeks to revolve around the following features: + +RoboWallet: This wallet aims to allow the network users to store all currencies, RBIF tokens (the native currency of Robo Inu Finance), and other crypto assets. + Currently, more than 100 holders are testing the beta and feedbacks are fire 🔥 + +RoboEx: Our decentralized exchange that is going to be tested after the holidays, please find here a youtube video with our CEO showing some of its functions: +[https://www.youtube.com/watch?v=TVyRgXRAMM8](https://www.youtube.com/watch?v=TVyRgXRAMM8) + +Robolaunchpad: This launchpad is an incubator for all potential projects with real use cases. The launchpad seeks to make sure that the Robo Inu Finance ecosystem stays safe from scam projects. + +RoboNFT Marketplace: The platform has integrated a market-leading digital asset exchange that seeks to organize daily auctions for NFT (non-fungible token) products with RoboWallet. RoboWallet is capable of holding the NFT collectibles. + +The official token for Robo Inu Finance is RBIF, and it is an ERC-20 token. The platform utilizes a small tax fee for every RBIF transaction in order to continuously support the Robo Inu Finance ecosystem. + +Please follow us on social media for further information: [https://roboglobal.info/linktree/](https://roboglobal.info/linktree/) + +Happy holidays and happy new year to all of you! 🎉🎊 +It seems like everyone and their mother is just absolutely convinced that we're headed into a long, painful recession. Inflation is nuts, the war in Ukraine shows no signs of ending (in spite of the reddit echo chamber), money is flowing out of the market, crypto is crashing hard. So I get it, it looks like doom and gloom. + +So what would need to happen to do a U-Turn right now? Because if that's just impossible for anyone to fathom, why wouldn't you just buy puts and cash in 6 months from now? +Relevant for USAA auto insurance members: + +[https://communities.usaa.com/t5/Press-Releases/USAA-to-Return-520-Million-to-Members/ba-p/228150](https://communities.usaa.com/t5/Press-Releases/USAA-to-Return-520-Million-to-Members/ba-p/228150) + +Relevant passage: + +>USAA, the country’s fifth largest property-casualty insurer, will be returning $520 million to its members. This payment is a result of data showing members are driving less due to stay-at-home and shelter-in-place guidance across the country. Every member with an auto insurance policy in effect as of March 31, 2020, will receive a 20% credit on two months of premiums in the coming weeks. + +I've been a member of USAA for 15 years; I know that I pay a premium over what other insurers charge, and my dividend has been lackluster over the past few years as the company has pursued aggressive growth, including massive TV ad campaigns, but I have had nothing but good experiences with claims. In my life, I've submitted three auto claims and one renters claim; every single experience has taken an incredibly stressful situation and made it just a little bit easier to manage. + +This action - while probably just the first in a round of similar actions by other insurers - exemplifies why I continue to be a member. I know some folks have had rough experiences with them, but mine has been nothing but positive. +I'm a bit new to forecasting, but what do you guys normally use? I'm hesitant to use any sort of linear forecasting though. For some reason my profits model best using a fourth degree polynomial model, which is extremely confusing.... +Absolutely massive earnings; that's why I always keep Apple shares on hand. + +Looks like they're extracting a ton of monetization from both hardware and services. + +https://www.cnbc.com/2021/01/27/apple-aapl-earnings-q1-2021.html?__source=androidappshare +Let's say a state central bank has interest rates set at 10% to keep inflation under control. What happens if the central bank creates a new policy where some types of businesses can get loans at 0% ? + +I understand current central banks use market operations to set the rate but let's just say there was a way to achieve such a policy similarly to how student loans are at 0%. + +Wouldn't you get the best of both worlds were businesses could expand, employ and produce more goods, without necessarily having a situation where consumers take advantage of low interests rate to drive inflation ? +People often praise the Nordic welfare states - the welfare systems of Norway, Sweden, Finland, Denmark and so on for their low rates of income and even wealth inequality. For instance, when you consider pension wealth Denmark is surprisingly equal in terms of wealth as well as income. + +One statistic I haven’t seen people address as much is the topic of working poverty, underemployment, homeless etc. + +Do their levels of taxation and redistribution actually raise people out of poverty? Are their welfare systems comphrensive enough that the average low wage worker (for instance, a single mother whose a McDonald’s employee) would have enough to cover their costs of living? What about homelessness and extreme poverty? Does Finland’s housing first policy work? +Like are thwre econometric estimations, or is it something where we can say if our model/utility specification is accurate, er can treat it ordinarily and see if surplus is higher under one scenario vs another +As you may have heard by now, the president of Argentina asked the IMF to provide a solution to the currency crisis, which is a result of the market believing that the government is not doing enough to cut the fiscal deficit. +I was at work, and my communist coworker blamed Macri (our president) for borrowing money after our previous president (Kirchner) left the country with very little debt. I pointed out that Kirchner left the country with a huge fiscal deficit, to which he replied: Which country doesn't have a fiscal deficit? So I looked up some stats, and he happens to have a point: according to the CIA Factbook (https://www.cia.gov/library/publications/the-world-factbook/fields/2222.html), most countries have a fiscal deficit, although Argentina has one higher than most countries. The question I am asking is: why a large fiscal deficit in Argentina causes the company to go bust, but most countries can deal with a fiscal deficit just fine? +My husband and I are in our mid 30s and have always been interested in having financial independence (although it seemed far off with student debt and a recent mortgage). We just welcomed a beautiful baby. She has some medical surprises and with that we now need to factor her into our financial future. + +We both work in healthcare and have a stable job/income. We can save around $1500 a month after expenses. Although, now it is a lot of medical bills for our kid. We both started maxing out our 401k a couple years ago. He has a full and a part time job currently for some extra income and to pay down debt. Babysitting is thankfully free from my mom and I know how lucky we are to have that option. + +I know everyone has a different number they shoot for that makes them comfortable for FI. We thought we found ours. However, is seems even further off now and not sure it is obtainable. We don’t hate our jobs or anything so if we worked until 65, it wouldn’t be the worst thing in the world. It was just nice to have that option to retire early or go part time at least. Is any number ever going to be enough when the future seems that much more unknown in what to expect? +We all talk on here about how the stock market WILL recover and will even keep going up for decades to come. + +However, I researched a little about this, and apparently first off the US stock exchange trades for a premium compared to other stock exchanges. + +Next, I came across japans economy. They used to be a superpower. Some even thought they would overtake the US economic wise. + +But it crashed… and it has never went back to that high. + + +What makes the US different? I’d love to hear your opinions. I’m not too educated on the subject. +28F and 30M looking to save a sizable down payment for our future home. We have $10k to put in immediately and monthly contributions of a few hundred going forward from each of us. + +Rather than using a traditional bank savings account, I figured riding the gains of etfs is probably the best way to save for a down payment right? I know there are tax implications once you eventually take your money out but we’re ok with that. + +Wanted to know this community’s opinion on this approach. Have you done it? Why or why not? Any recommendations for funds to invest in? Obviously not looking to invest in super risky funds like ARK. On a scale of 1-10 in riskiness, I figure something like a 6 or 7 is a good number? So hopefully you all have recommendations based on that. Any and all advice is appreciated! Thank you in advance :) +I created a Vanguard Roth IRA account. I've done a lot of research on which ETFs I should pick. The best performing ETFs has been VUG over the last decade but I have seen a lot of people that's a VTI will outperform any growth ETF over the long term. But the real question is it true? Technology has advanced dramatically as we've seen with Tesla and face recognition with iPhone. Do you think in the next 20 years growth will not outperform again the S&P 500 or VTI. The only reason why I'm asking this is because I want to get started already and take advantage of my investment for my retirement. They are both good Investments but if I can get a higher percent return in one of those I would love that. In the long term there's a difference between an average of 12% and an average of 16%. +I have a CPA quoting me $10-15k for tax planning. My wife and I are W-2 employees. He's offering helping us get into tax favored investment strategies that should save us at least $100k in taxes every year. He mentioned conservation easements and solar investments as examples. It seems like a pretty steep fee and thats our main hesitancy so wanted to see if that like the standard cost for something like this. +Hello dear autists (and some new joiners who are about to hop on the train), + +This is an unprecedented moment in Financial history. The establishment is balls deep in each others' arses and we saw that in the Citadel-Robinhood-Point72-StevenCohen collusion yesterday. + +For those who missed what happened: Robinhood and other brokerage platforms coordinated a short attack on the retail investor by blocking buy orders and allowing only sell orders. This resulted in a near evaporation of buying volume and panic selling from a lot of understandably concerned stock holders. + +It can be construed that this was happening on the orders of the great Citadel, who may have profited off opening short positions at the top. This was seen and caught by multiple order flow traders who noticed block trades. + +*A short ladder* + +A short ladder was initiated. They closed the gates to retail and then block sold orders in the open market to drive down the prices. They did this between hedge funds A, B and C to maintain positions while profiting off their short positions (initiated at ATH). This can also be cross checked by looking at yesterday's volume, which was truly minimal. These HFs engineered the short ladder to use the low price to cover their short positions for cheap. Yet, the short interest dipped only marginally (from 140 percent to 120 percent) + +The idea was to have retail offload as many shares as possible to increase float, which will make covering the short positions easy. So now we know that this is what they want. They want us to sell. And they will try a variety of tricks to make us sell. The short ladder was one of those. + +So what can we do? And how will it matter? + +We do the opposite of what they want us to. We don't sell. How will this help the short squeeze? + +Not selling (and letting the buyers pile in) will add to the buying pressure. It will also reduce float. + +So when the shorts do choose to cover, they will need to buy again, and again, and again to cover their entire position. + +So hear me out here let's do some quick math. Short interest (no of shares shorted/ no of available in float) = 120 percent. There are more shares shorted than exist to be bought. + +Investors like Burry and Cohen further reduce this float by piling in. In reality, the short is a good multiple of the float (this is my hunch). We have caught them by the balls and have a chance of changing the status quo. + +All you have to do is Hold and not increase the share float. Shorting Gamestop is becoming more expensive by the minute. The shorters need to pay their brokers margin to borrow shares too. By reducing float, we can make these HFs bleed more. + +By holding the line, we make HFs taste blood. + +To Valhalla. Or the Moon. 🚀🚀 + +I'm a retard on a break from my CFA studies. Not a financial advisor (yet) 😉 +My father died a year or so ago. He had lived with me and my wife for nearly 10 years. He was a lifetime smoker who spent the last years of his life paying for it. He had been using oxygen equipment from a medical supply company for a number of years, but cancelled his service \[about 6 months before his death\] when he thought he had found a better/different solution to his portable oxygen needs. At that point he asked them to come pick up their equipment (tanks and a home concentrator unit). After multiple calls got no action from them, we ended up stashing the equipment away. He was happy with his new gear, but his time was up anyway and he passed a few months later. + +8 months after his death, the supply company started sending him bills for services which were dated after his death, and well after he cancelled those services. Since he lived with us, I know for a fact that no services were rendered. After multiple calls I finally got them to come pick up the gear that we had, and I figured that that was it. Alas, no! Now they've passed this debt on to a collection agency, and I'm getting a little bit fed up. I'm not terribly knowledgeable in these matters, but there must be a route for me to dispute this. This is more a matter of principle for me at this point - I believe this company was just fishing for a few extra dollars, and I am not at all happy about giving money to people like that. + +Can anyone offer some relatively simple advice? Even if it's just a direction to investigate. +In light of the impending rocketing of electricity unit prices, I've been inspired recently by some posts on this subreddit to look into how much electricity each device in my house consumes in different states (standby, idle and active) and made myself a spreadsheet to analyse it all. I've also built in a comparison tool to differentiate between electricity tariffs. + +I am pretty pleased with the result and equally got a shock with how much more it's going to cost me so wanted to return the favour and share it (You'll probably need to save your own copy to make changes). + +[https://docs.google.com/spreadsheets/d/1gjmvgU2NnmoYZfYWljlxuoNuX\_4b5IZRujrZUvJbXYM/edit#gid=322032515](https://docs.google.com/spreadsheets/d/1gjmvgU2NnmoYZfYWljlxuoNuX_4b5IZRujrZUvJbXYM/edit#gid=322032515) + +I used a pretty standard watt meter and measured each device individually over the course of several weeks and made some interesting observations of my own... + +* My PC speakers use an old style transformer power supply and consumes \~7W powered off. So I've put all my PC and peripherals onto a 6-gang extension lead with a switch, that gets turned off every night. +* My 20yr old fridge consumes on average 120W (worked out over the course of a day or 2). This is quite a lot considering new units on paper consume significantly less than this. It's possible that I might be financially better off buying a new, economical fridge to replace the one I have. +* My NAS (home server) eats through around 23W when doing nothing, so I've now changed my power on/off plan to shut it off during the night when I'm not using it. + +I'm open to feedback and suggestions to improve this :) +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! +Guten Tag to this global band of Apes! 👋🦍 + +As RRP hit another all-time-high, well above $1.4T yesterday a day ahead of the quarter-end, we can expect to see a new high today - will it be $1.5T? The euro continues to drop against the dollar, and while that might not indicate anything for GME it is a trend I've noticed and wonder about. Obviously the big news are the details leaked about Robinhood and Citadel colluding to perform insider trading and market manipulation. The intensity with which they are defending is a strong indication that their position is indefensible if revealed completely. They are fighting to prevent the full details from being known. It seems to be a futile attempt - more information is revealed daily, and their attempts to distract with FUD, forum sliding, and anti-DRS propaganda is wasted. + +Meanwhile, Steven A. Cohen is likely very pleased to have been left out of the bulk of it so far. Citadel wasn't the only SHF involved in Robinhood shutting down the Buy button. I'd love to see more about Point 72's involvement in this scandal. + +Finally, the battle over the US debt limit is reaching a crescendo, and has the potential to ignite a volatility bomb on the markets. I suppose we'll have to wait and see what happens there! + +Today is Thursday, September 30th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$179.21 / 153,78 €** *(volume: 882)* +- 🟩 115 minutes in: $179.38 / 153,93 € *(volume: 882)* +- 🟩 110 minutes in: $179.36 / 153,90 € *(volume: 882)* +- 🟥 105 minutes in: $179.27 / 153,82 € *(volume: 879)* +- 🟥 100 minutes in: $179.37 / 153,91 € *(volume: 848)* +- 🟥 95 minutes in: $179.41 / 153,95 € *(volume: 831)* +- 🟥 90 minutes in: $179.44 / 153,97 € *(volume: 831)* +- 🟩 85 minutes in: $179.47 / 154,00 € *(volume: 824)* +- 🟥 80 minutes in: $179.44 / 153,97 € *(volume: 812)* +- 🟩 75 minutes in: $181.16 / 155,45 € *(volume: 655)* +- 🟥 70 minutes in: $178.68 / 153,32 € *(volume: 584)* +- 🟩 65 minutes in: $178.71 / 153,35 € *(volume: 572)* +- 🟥 60 minutes in: $178.64 / 153,29 € *(volume: 568)* +- 🟥 55 minutes in: $178.67 / 153,31 € *(volume: 568)* +- 🟥 50 minutes in: $178.73 / 153,36 € *(volume: 553)* +- 🟩 45 minutes in: $178.80 / 153,43 € *(volume: 553)* +- 🟥 40 minutes in: $178.73 / 153,36 € *(volume: 430)* +- ⬜ 35 minutes in: $178.92 / 153,53 € *(volume: 284)* +- 🟩 30 minutes in: $178.92 / 153,53 € *(volume: 264)* +- 🟩 25 minutes in: $178.66 / 153,30 € *(volume: 131)* +- 🟩 20 minutes in: $178.44 / 153,11 € *(volume: 130)* +- 🟩 15 minutes in: $178.32 / 153,01 € *(volume: 130)* +- 🟩 10 minutes in: $178.01 / 152,75 € *(volume: 65)* +- 🟩 5 minutes in: $177.96 / 152,70 € *(volume: 55)* +- 🟩 0 minutes in: $177.78 / 152,55 € *(volume: 55)* +- 🟩 US close price: $175.92 / 150,95 € *($176.00 / 151,02 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1654. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +We have a townhouse/condo In a seasonal vacation spot and a few of the neighboring units sold recently. That last available unit just went under contract. And at a nice number apparently because of a bidding war. + +For some background, our unit was purchased from a bank as it was a REO. This was our first purchase as an investment. But because the price was so good we made the classic mistake of not having a exit plan on purchase. We figured we could fix the cosmetic issues and rent during summer to cover costs and enjoy off season and let it appreciate after we fixed it. I always had in my mind that our condo was worth double what we paid for it. But price for some reason stayed low. Probably due to my low purchase price. + +Our working assumption was we would sell primary home, then live in the condo as our residence for 2 years so it qualifies for the no cap gains, then sell and move out of state. + +With the recent sales we seen the price approach my original target. So that has us thinking about listing. + +Vacation rentals are a PITA due to the cleaning and we’re currently touching up paint etc for the next season. We are very hands on so it’s basically a part time job on top of our current full time jobs. But at times it can be fun playing “real estate investor”. Gives us something to talk about. + +Also COVID has changed the vibe of the town. We used to like off season as we could walk to bars have some drinks and listen to bands. That stopped during most of the last year. But oddly enough our rentals went up as people stayed close to home. Last year was our best rental year even after making some mistakes with our listing. + +Other factors are a high HOA Fee and we do like to vacation in different places. But it’s difficult as we are such hands on managers to be far away when summer vacation peaks for us. I think my wife is tired of the extra work, but at the same time we are too cheap/and such control freaks it’s hard to outsource a lot. + +For some numbers we paid 217,000 in 2015 put like 15-20K into Sheetrock and cosmetic repairs(carpet/flooring shower doors) a few years ago a new HVAC cost us 5K. Mortgage company appraised it at 267,000K 4 years ago. Most recent sale hasn’t closed but I was told it was above 400K for a smaller unit. My original target was 425K Last year we netted about 26K in rentals for 3 months. Which covers all the expenses so it costs us nothing other then time to let it continue to appreciate. If we REALLY worked it my one neighbor supposedly was pulling in 45K a year. + +As there is almost no inventory in the area, if I buy another property it would be similarly inflated. And I have no need for the money right now for anything. But My wife was thinking of just throwing a crazy price out there almost 100K more then I think it’s worth to see if there are any bites. + +That would give us a over 100% gain in 5 years. + +So real question is: How do you determine the optimal time to sell? Is it solely based on current market? Is it as percentage of appreciation? Or is it simply due to wanting to exit the game? + + +TL:DR - I may be sitting in 100% gain in price, have. Nothing I’m interested in buying to replace the property. Thoughts on if should we sell anyway just to capture the gain? +Between this bait-and-switch and all the “retire early!” crap it’s very difficult to actually connect with other potential partners, private lenders, or just people that have been investing successfully for a while. Besides biggerpockets (virtual), what are the best ways to connect live with investors? +It seems to be one of the most common pieces of general advice on here, to ditch the well known supermarkets and switch to one of the discount brands. Grocery shopping is the one aspect of my budget where I regularly go 20-30% over, so I decided to give it a go full time over the past month. + +I'll preface this by saying me and my partner are vegan, we rarely buy meat alternatives, usually going for tofu, falafel, lentils, beans and chickpeas instead. We aim to stick to £50 a week, splitting that 85% food, 15% toiletries/kitchen stuff. Food purchases are mostly fresh fruit and veg, canned tomatoes and legumes, dry lentils/rice, hummus & falafel and other chilled foods, and some frozen veg/occasional pizza. We do tend to buy tofu 2-3 blocks at a time from a small grocery near my partner's work, where it's 2/3rds of the supermarket price, so lack of availability in Aldi isn't an issue. + +However it's very hit or miss as to what fresh veg our nearest Aldi have in, often we leave 2-4 items short (and I'm not talking avocados here, last time we did a shop they didn't have *any* tomatoes or carrots). It's all pretty much the same price as Tesco - but at Tesco, we can also get good oat milk, some yellow sticker veg, and a 90p jar of vegan pesto. Plus, it's usually absolutely crammed in Aldi as the aisles are smaller - social distancing ain't a thing in there. + +I suppose the temptation to buy vegan alternative products isn't as strong as there isn't a separate veggie section. The Aldi/Lidl vegan alternatives are improving by the week, but apart from yoghurt and butter already available, that doesn't benefit us. I'm assuming the main benefit for the average shopper switching must be the cheaper meat, dairy, & snack products? Perhaps the bigger Aldi/Lidl stores are better stocked? + +Has anyone who has made the switch and saved money managed to pinpoint where their savings are? +https://www.cnbc.com/2018/02/23/dropbox-ipo-form-s-1-prospectus-filing-full-text.html + +Cloud storage company Dropbox filed to raise $500 million in a public offering on Friday, giving investors a first look at the books of a coveted unicorn start-up that was previously valued at $10 billion. + +Here's what the filing said: + +Revenue: $1.11 billion in 2017, up 31 percent from the prior year + +Net loss: $111.7 million in 2017, narrower than 2016's loss of +$210.2 million + +Average revenue per paid user: $111.91, up from 2016 but down from 2015 + +500 million registered users, 100 million signed up since the beginning of 2017 + +More than 11 million paying users + +Gross margin: 67 percent + +Dropbox will list on the Nasdaq under the ticker "DBX." +U.S. inflation shot up to the surprise of most market participants, including our Fed. It overshot by 500 basis points to 9.1% CPI (June was peak inflation). The Fed was trying to engineer inflation up to 4% after the pandemic. As you all know, what goes up can also come down. In light of that, I believe the future rate of inflation could possibly fall sharply as fast as it shot up after covid lockdown ended. We may get a negative inflation print in the second-half of next year. Also, we may have the Fed declare inflation at 4% or 5% as the new normal. Don't be surprised at these two possible outcomes going forward. And, guess what, when either of these scenario occurs, risk-on sentiment will be back on big time (shorts beware), taking the S&P 500 right back above 4300+, and ETH to new all time high $8K!!! Let's not forget, fortunes are made in bear markets or when fear is at the extreme, NOT when every Tom, Dick and Harry chasing it up and up to new all time highs. GLTA!!! +The market for cryptocurrencies is bound to expand in the coming years, but we also know for a fact that most coins likely won't survive the diversification . + +Which coins currently in the Top 20 market cap index do YOU think will likely fall , and why ? + + +All my Cycles ive been thru in Crypto my Strategie was always to buy solid Top 20 coins i like when the Market is down like these days when everbody else get scared and ask how low can we go. + +Now i want to make things a little bit different and take a bigger risk. + +I want to buy (a small percentage of my cash) Cryptos that are not even in Top 100. + +My Problem is i have no glue how to do research on this. + +So please tell me your favourite low cap coins and tell me why you love it. + +so i can start my research and maybe by your bag of shitcoins. + +Thank you Crypto guys!!! + + +[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!* +Wife sent me this one earlier. The post looks at 4 couples with very different financials, all considered middle class. Due to increasing expenses for housing, childcare and healthcare, many families are getting squeezed pretty bad. + + +https://www.nytimes.com/interactive/2019/10/03/your-money/middle-class-income.html?mc=aud_dev&ad_name=%7B%7Bad.name%7D%7D&adset_name=%7B%7Badset.name%7D%7D&campaign_id=%7B%7Bcampaign.id%7D%7D&ad-keywords=auddevgate&subid1=TAFI&dclid=CKi_w9WN_uUCFUgNNwodyCcP4Q +Hi guys, + +Very basic question. I see banks have hardly recovered compared to a lot of major companies since the onset of the pandemic. + +Whats the outlook for say : BNS, BMO or TD for example on a mid-term investment? Is it a foolish area to put money. +So what do you want to know? + +I'm 47 years old and live and work in Amherst, Massachusetts with my wife, two kids and assorted pets. + +I was born in Melbourne, Australia as "Gavin Bell" but moved to the US when I was five years old. I grew up in Seattle Washington, Anchorage Alaska and the Santa Ynez Valley, California. + +After graduating from Princeton University (Computer Science), I worked at Silicon Graphics Computer Systems for eight years, creating 3D graphics software (Open Inventor and VRML). + +My wife and I moved to Madison, Wisconsin after she got her PhD from Stanford. There I [wrote a book](http://www.amazon.com/The-Annotated-VRML-Reference-Manual/dp/0201419742) and co-founded a startup that failed. We moved to Amherst in 1998, where I worked on an [Internet Walkie-Talkie](http://en.wikipedia.org/wiki/Roger_Wilco_(software)), [online games for blind and sighted people](http://allinplay.com/), tools for [Prosper](https://www.prosper.com/) lenders, a web site content management system for [Gravity Switch](http://www.gravityswitch.com/), and part of the back-end for a [search engine for computer science research literature](http://rexa.info/about). + +Phew. That long list makes me feel old. + +I first heard about Bitcoin in a May, 2010 [InfoWorld article,](http://www.infoworld.com/article/2627013/open-source-software/open-source-innovation-on-the-cutting-edge.html?page=3) and started working on Bitcoin-related projects soon after. I'm proud of my contributions: + +* I gave away over 10,000 bitcoins through the Bitcoin Faucet +* I created the first alt-coin, the Bitcoin Testnet +* I've [added 62,000 and removed 76,000 lines of code](https://github.com/bitcoin/bitcoin/graphs/contributors) from Bitcoin Core (I like to simplify) +* I've written nine [BIPS](https://github.com/bitcoin/bips), including multi-signature transaction support and the Payment Protocol + +You can read about what I've been working on recently at the [Foundation blog](https://bitcoinfoundation.org/category/chief-scientist/). + +I try not to let Bitcoin completely take over my life; I spend about eleven evenings a year as an elected member of [Amherst Town Meeting](http://www.amherstma.gov/tm). And I still have some time to ride my bicycle or unicycle, use my skeptical skills to debunk the crazy things friends post on Facebook, and read a little science fiction. + +You can get an idea of topics I find interesting and how I think at [my blog](http://gavinthink.blogspot.com/). + +So: AMA! + +--- +Thanks everybody for all the kind words! I'm going to stop now, but I'll check in tomorrow and if there are burning questions that get eleven or more points that I haven't already answered I'll try to jump in and answer them. + +Spain and Germany could be the next EU epicenter. + +America will surpass Spain, Germany and Italy in a couple of weeks + +It might be end of April when America gets a grip on the situation + +I’ve been buying. Also selling and rebuying + +Going to be 2 bad quarters but will be in the money for Q1 2020 + +Lifetime buying opportunity. As bad news hits, indices are gonna swing 800 to 1000 either way like a seesaw. Identifying buy points and setting up trades on the right days is the best strategy to take advantage of the volatility. + +I buy on red days and dump on green days. Easy money. It’s ridiculous how easy this has been. +Not financial advice. + +Nobody knows how it will look. I'm guessing it will go up to the several thousands range before dropping back down for several days/weeks/months. They will do this to try and trigger a mass sell off by creating fear that you will miss the boat. Some people may be tempted to work this play and sell high to buy back in low, but this will delay MOASS even more. Just buy and hold. You won't miss anything. It will be obvious when it's really happening. + +Edit: I wanted to add that without a doubt, media news networks will publish stories about the "epic" squeeze that just squoze. We know better. + +Edit 2: while this post is meant for everybody, it's aimed at the new people who will be joining the community. You may have seen this 100 times, but with recent revelations on LinkedIn and other outlets, I felt it important to highlight the psychological tactics being used against us. +&#x200B; + +https://preview.redd.it/cu2dwu87hpy31.jpg?width=1080&format=pjpg&auto=webp&s=f74a9ab1c5bd15797ac4bd164fcccd4ae141fc8f + +If this goes tits up I am going to quit YOLO'ing for a while. This is 90% of my remaining cash position. I reeee'd all of my previous profits away over the past two weeks. + +Wish me luck, fuckers. + +# EDIT: Got stopped out for a 20k loss. See ya later guys. Legit going to fucking off myself now this is retarded. +Good Morning! + +I want to take a moment and cover some of what we see play out on the Intraday charts with these FTD due dates so everyone is on the same page regarding understanding of how they are cleared and the most beneficial way for the parties that created them to clear them. + +There are two CNS processes that occur daily one at night starting at 8:30pm and one during the day that starts at 6:30am and carries into approximately 3:10pm. + +Scenario #1 + +Low FTDs (0 - 500,000) + +https://preview.redd.it/3qi7nlsvatg81.png?width=1659&format=png&auto=webp&s=72e21bc12b506a907c96dc670828f5454375175f + +Scenario #2 + +Medium FTDs (500,001 - 1,500,000) + +https://preview.redd.it/gj4fgsqlbtg81.png?width=2041&format=png&auto=webp&s=eb0900a4b5844576cb88c207d8ed4f70d7bddc40 + +Scenario #3 + +Large FTDs (1,500,000 - 5,000,000) + +https://preview.redd.it/d2tde2vbctg81.png?width=1925&format=png&auto=webp&s=a4ad04fd1aca9194860395599fa1964eaaee83b3 + +Scenario #4 + +Massive FTDs (5,000,000 +) + +https://preview.redd.it/5c6snj19dtg81.png?width=1468&format=png&auto=webp&s=c086c33499b9bcd24b60c8cc3e02790fccda8a71 + +Hopefully this helps people understand why it is so valuable for them to offset FTDs, diluting their concentration on any single day. + +Such as through the current XRT situation on RegSHO. + +**Gamma Girl Update** + +[\\"DN is still flat at $96.8, but that doesn't mean the impact of the options flow today won't have an impact. My model is based on OI, because I don't currently have a good way of estimating how volume will turn into OI the next day. The volume was 73&#37; today, so will be interesting to see what it does to the DN today.\\" - Yelyah2](https://preview.redd.it/gwn4289b9tg81.png?width=909&format=png&auto=webp&s=6ca918baec8f763b895d1ae6ff921fb57d1faced) + +**DIX pics** + +[Notice how the asymmetric risk narrows as the price climbs](https://preview.redd.it/jduqpycldtg81.png?width=2491&format=png&auto=webp&s=5ac5764d52295138c11bf39a98a608c6783a1941) + +&#x200B; + +>Yesterday's price action may be continued today we still have FTDs due although in likely a lesser quantity. With the market continuing to rise there will be some pressure support positive trends. Also there will be positive hedging due to the 12.96% price increase we saw yesterday. + +&#x200B; + +**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 + +Big ups. Based on the price action today it looks like FTDs continue to be on the table. This plus the addition of massive call buying means tomorrow will likely continue to have upside potential as max-pain follows us up into the end of the week. Sorry for the lack of updates, I forgot. See you guys tomorrow! + +\- Gherkinit + +https://preview.redd.it/kce2wn2ugvg81.png?width=698&format=png&auto=webp&s=d908ff59094c9decbe880a3bf72ad5e120e65c17 + +https://preview.redd.it/8gamta56hvg81.png?width=1558&format=png&auto=webp&s=d88d3b0ea6bf08bfd70f623151409993c6674cdf + +https://preview.redd.it/cgsnlxi9hvg81.png?width=831&format=png&auto=webp&s=9639a713e0056b2eaf23fdfebbbaed4d6654919a + +Edit 2 12:46 + +Coming out of the midday low volume slump looking good for some more upside movement. + +https://preview.redd.it/vdstugvphug81.png?width=1568&format=png&auto=webp&s=2182c1bbad99923e5d9b97b5a23f46df2560efa4 + +Edit 1 11:03 + +Consolidating open no significant short pressure and it looks like we are gunning for another push at 120 with the market coming our chances are pretty decent, but we will need a bit of volume. + +https://preview.redd.it/nw4k254dztg81.png?width=1567&format=png&auto=webp&s=9d3f950075dd663c8f604eb1c3f0015a26c6c804 + +# Pre-Market Analysis + +Opening up above the put call reversal point at $111 is fairly significant for more upside movement. We have already seen a peak of 117 this morning. + +Volume: 24.02k + +Max Pain: 110 + +https://preview.redd.it/kakrjkabftg81.png?width=2176&format=png&auto=webp&s=a2471ba26c4799938fd67450f8c9b008232b44dd + +Shares to Borrow: + +IBKR - 350,000 @ 2.4% + +Fidelity - 29,520 @ 1.25% + +https://preview.redd.it/e5t29gh6ftg81.png?width=1564&format=png&auto=webp&s=78ee5137b3a992c765e4e0f9c86679d5d91b7dc8 + +TTM Squeeze + +https://preview.redd.it/m28dg15uftg81.png?width=2442&format=png&auto=webp&s=a51d2d011c526ec67f46287996df01b6a966a104 + +CV\_VWAP + +https://preview.redd.it/t9pwh6n0gtg81.png?width=2459&format=png&auto=webp&s=445d0859c1b07469b81dcf12b6f71bf2df58b45a + +**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 $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* +This post is specially for newcomers, which have not lived the situation I explain below. I don't want you to become weak hands and regret later. + +I will try to summarize how posts typically flow: + +- Since last ETH bull run started, bears are in their caves hibernating... +- Nearly every post talks about how good is Ethereum as technology (and it is) or is talking about mooning and lambos (and i'm fine with that) +- But basically a drop in price will trigger the waking of bears and suddenly, and I mean it is matter of a few days, the mood here will be bearish as hell. + +I wont go into if ETH should moon or should go to sub-XXX$ but **be warned. This has ALWAYS happened. If you believe in Ethereum, you should remember current times and posts when the dark days come**. + +And if you are new here, you may think i am exaggerating, I am not. You will need to have steel balls to not sell like in summer when we lost -50% of our value in $ rapidly. **Always remember that this is cyclic, good ol' times will come because technology and developers behind ethereum are by far the best at this moment.** + +Let's be careful out there... ;-) +I'm sure this question gets posted a lot by big wide eyed people. + + +Little bit of background on me. I'm a student studying Engineering, and about to start my finance masters prerequists. I started trading around the age of 18, and I am about to turn 21 soon. + + +I didn't really start trading till aruond last december. Like I started really focusing and honing in some strategies. Started off with about 5K turned that into 10k by decemeber (about 2 years). Then I got into GME, nearly 50k gain. Then took a couple of hits from some weed pump and dumps. Then I got into trading SPY and TLT also a couple of smaller tickers like ET, USO, TTCF, DE. I've turned 10K (took out money for wedding, and school expenses), into almost 400k from March. And i'm planning on keep on going. (Was about 200k as of last week) (Also, as of right now im only options trading) + +I've lost all passion for engineering right now 'hint' why I'm getting masters in finance. However, I really enjoy trading. At what point. Do I say, THis is it? I wanna go full time? + + +I understand also, If I drop out of college my career choices are limited if I do not get a degree. My current plan is to continue trading till im out of college and get a job. See how that goes. If I don't like it, I'm debating just doing trading full time. Thats 4 years away though and not sure about that much time. + + +If I hit one million. I'm definently going to consider dropping out before graduating even more seriously. Not sure if this breaks rule 1 of "stay on topic". Mainly just looking for advice. + + +Edit: well the consensus seems like I need some more practice and see if it’s just luck, the bull run or luck. + +Guess imma finish out my school :)) unless I hit 1 mil. Then I’ll consider. +Hi, + +I have been in crypto since 2016 and made a lot of money. + +Recently I sold enough to buy a house for cash (house is £440k). I did tell them where the money came from at the beginning. + +The buying process has been going smoothly BUT now suddenly conveyancer said that 'the partner of the firm has advised on your file that proof of funds by way of Bitcoin is not acceptable under the governing body and anti-money laundering policies'. + +Anyone has any experience with that? I did send them my Coinbase history showing me buying Bitcoin and Ethereum for really low prices and explained that my initial £13k ballooned into 7 figures but communication with them is not going well. I am not sure how else to explain it to them. + +Any help appreciated. +What fat things you are doing for preventative healthcare beyond the obvious healthy eating and exercise? I already have a personal trainer, nutritionist and chef but I’m thinking more along the lines of preventative diagnostics, imaging, pathology etc. + +Where I live (Australia) we have pretty good public and private healthcare but it’s 99% reactive. You feel unwell, you go see the doctor. If it’s something serious hopefully you caught it in time. If not you’re screwed like everyone else. It can also take months to get in and see a specialist. Most doctors are also still stuck in the dark ages. Everything is manual and paper based. + +I’m imagining a medical “concierge” service for high net worth individuals that is highly focused on preventative care e.g. screening for common cancers etc. Also I’d love to be able to text my doctor a quick question without all the hassle of making an appointment and going in person. Maybe a coordinator who actively watches my key numbers and books in diagnostic tests when needed. Also a “fast pass” to jump the queue and see a specialist when needed. Would happily pay an annual subscription of $50k maybe even $100k per annum for something like this. + +Has anyone heard of a service similar to this? Maybe this is exists in other countries? +I’m getting repeated calls from a blocked number claiming they are an ATO employee wishing to discuss my tax return. + +I’m suspicious obviously and asked them to contact me via official channels (Ie myGov inbox). + +Would the ATO ever ring you direct like this? +I lived with my mom until I was 18, and then I moved to go to college 800 miles away from her. Since about my second semester, I have received no financial support from her. She is unemployed. I used her income to fill out my FAFSA all four years. + +I am now 22 and have my degree. My mom claims that since I graduated this year and that since I used her on my FAFSA that I still count as a dependent and need to have her claim me as one on her taxes this year. + +Well, the thing is, I now currently have a high-paying job and she is buried in another round of financial troubles. She has taken money from me before, and has claimed me for the last four years as a dependent and I have never received a tax return even though I did also have a less well paying job the last two years of college. I didn’t really care then, but I do now. + +She’s a narcissist with horrible money management and I fear she intends to use me again to get out of her newest string of financial issues now that my grandma has kicked her out of the house for being awful. I’ve brought this up to her and she’s calling me ridiculous and saying it’s illegal to claim myself because of FAFSA, and also that i’ll “get more back if i go through her.” (I’ll probably never see that money, she’ll talk her way out of getting it to me as if it were an olympic sport) + +Is this true? What should I do? I’m so tired of having anything of mine tied to her at all. I try to be financially savvy and have 8% of my income going to 401k and another 20% of post tax going to savings, but I still have loans to pay off and every penny counts. + +edit: you guys rock, thank you!!! + +edit 2: i am a woman + +edit 3:to all those PMing me about mental health support and my mom, i promise you i’m fine! and for all of you PMing me being creepy, please stop. +Started seriously trying to get my debt under control in February 2015, at which point I created a spreadsheet of all my debt to track monthly (suggestion from forum) and found I had $88,392.72 in debt. This was split between ~$39k in credit card, ~$36k in student loans, and ~$14k in car loan. The credit card debt was a combination of some unexpected/unfortunate circumstances, and bad decisions. + +I started by consolidating my credit into a consolidated loan with lower interest (suggestion from here). I then prioritized loans based on interest rates (suggestion from here also). I reduced expenses (got rid of TV service, downgraded phone plan, got a lower rent apartment, didn't travel as much, ate out much less, started doing meal prep, etc - also suggestions from here), and made some extra cash where I could. + +Now, I'm at: +Credit card: paid off monthly, $0 balance! +Consolidated loan: ~$18k; +Student loans: ~$20k; +Car loan: ~$1.5k; +(So a total of a little under $40k, as mentioned above.) + +I do fall into a somewhat higher income bracket, but getting to this point did require sacrifice - I decided not to buy a home at this time to focus on debt, and reduced expenses as per above, among other things. + +I haven't managed to put as much into savings as I would like, and am starting to focus on that more now that I have the debt more under control. I should note though that during the same period I did increase my retirement savings by about +80% through employer & my contributions, plus an upturn in the economy. + +Looking forward to hopefully being debt free in about 1.5 years, or less! + +Edit: I'd rather not give my exact income for privacy reasons, but since people keep asking, I would estimate I was putting in the area of 40% of my take-home pay toward debt reduction. +Hi, + +I have only started investing since November. I've been investing steadily since then, but I have made 0% return on my investments. I don't mind as I know that this is to be expected and I should just sitck. But recently I have been concerned with all the talk that we might be entering another lost decade. What is your thoughts on this? +I'm currently trying to figure out how to maximize my net worth to retire early. + +I'm 27 and recently moved to Switzerland (I'm a european citizen). My total yearly current comp is 220k CHF which translates to roughly €143k after taxes (\~€12k monthly). Additionally 8.5% of my wage is put in a pension fund by my employer. + +I live together with my girlfriend and we are spending about 4k CHF a month (€3.5k). + +So far I've been able to save €210k and have no debt: + +€115k sits in a savings account, €35 in locked retirement funds €60k is invested in accumulating low cost ETF': + +\> 70% in iShares Core MSCI World UCITS ETF + +\> 10% in iShares Core MSCI EM IMI UCITS ETF + +\> 20% in EUR Eurozone Government Bond UCITS ETF + +I'd like to buy a property but the real estate market seems pretty expensive currently and the yield from rent would only amount to about 3-4% which is not enough for the hassle. + +I'm currently pumping my montly savings in these ETF's due to lack of better alternatives. I'm hesitant to move more of my savings since I feel that the stock market is a bit high currently. + +Some questions: + +* Do the ETF's mentioned seem reasonable? +* What kind of other investment classes are reasonable except RE and stocks which are both expensive. +* Eventually I want to move back to my home country (north-west europe). Hence I'd like to hedge against eur-usd and eur-chf fluctuations for my stocks. How does one achieve this? + +Since I'm still pretty young without many dependencies I'm ok with exposing myself to some risk to chase higher gains. +I love the concept of passively investing spare change from everyday transactions. Why isn't it available in Europe? Is it because of regulations or something else? + +I've tried searching quite a lot and have only found an Estonian bank 'LHV' have something like this - but I think its only available if you're below 25. + +Edit: I'm in Denmark, and only Revolut seems to be the closest thing available here. Any other services / apps available in Europe? +I'm an university student and I have a little money that I currently don't use for anything. Is it worth investing $1000 or less? If yes, how and where? + +Edit: Some more info about my situation: + +My monthly income is greater than my monthly expenses. My income consist of renting out a room, student loan with basically 0% interest and a little money from scholarship. I already have an emergency fund I feel safe with. I'd like to do something with the extra I get every month. Would it be a good idea to invest in eg. Mintos loans? I am also looking into index funds, is it possible/worthwile to get in with small amounts? + +Edit: university, not college. English is not my native language as you can see:D +Hi there, I am planning our first investment plan for us with my SO. Could you please give advice on if this makes sense & also answer some of the questions I have? + +**Details:** + +* couple, 25 years old (not married yet) +* **1500€ savings /month** +* 6000€ emergency fund +* I’m also contributing to my company pension scheme with the max. possible employee matching +* living & working in Germany (Hungarian citizens if it matters) +* All expenses & material needs covered, also vacations (separate “vacation fund”) +* No debt aside from an interest-free student loan (\~7.5k€) which we are paying monthly +* If we get extra money (raise, bonus, etc.) it would probably also go towards the investments +* Not looking to FIRE or anything just trying to make the "most" out of what we have + +**Plan:** + +* \~300€/mo **ETF** (Probably iShares Core MSCI World or similar) long term (15-20+ years) +* \~1200€/mo short term for **buying an apartment** back home (± 2 years, around 100-150k, with loan) - we are aware of the risks, work & costs and that it is not the best investment to have for everyone, but it is something we would like to have for several personal reasons +* Reevaluate after apartment plan is done but probably put a lot more into the ETF plan + +**Questions:** + +* Is there a **better place to keep the short term savings** & emergency fund than just a regular bank account? I was searching for options but couldn’t find any… +* Should we invest **300/mo** (which would mean \~3 shares) into the ETF, **or a lump sum every half year** or year? +* How should I decide between **accumulating & distributing ETFs**? I read about the taxation differences, can not say that I understand everything 100% (it doesn’t help that my German is only basic) - right now I how understand is that below the 801€ threshold I should go with distributing and reinvest the difference(?) +* I am planning to **invest through DEGIRO**, I already have an account and their fees seem OK especially compared to Commerzbank, etc. Any counterarguments? +* This plan **seems too …. simple… ?** Am I thinking about it correctly or should I think/plan way more? If I try to go in deeper it gets veeery complex, there are so many instruments to choose from, and at the end I read opinions saying that you “can’t really go wrong” with a trusted ETF on long term, so I always gravitate back. +Hello everyone, + +I've started investing in index funds for the long term a little over a year ago and I just got thinking: are the tools/brokers/banks I currently use the ones I will be using until I retire? + +I feel like I'm in the infancy period of my personal finance journey and I chose a couple of banks and brokers that fulfilled my needs now (probably many of these will always be valid): fully online, low fees, passive investments, ease of use.. + +I'm now thinking if there's any specifics to consider given the long term nature of savings and personal finance. For example: ability to transfer assets from one broker/platform to another, automating/ease of use the withdrawals, company strength/security (i.e. it will survive for 20 years), facilitating tax reports, and more? + +So, I was wondering, for people who are well into the journey, + +1) Are you still using the same approach and same platforms? +2) In hindsight, is there anything you should've directly started with or done before or taken into account from the beginning that could've saved you some problems/hassle? + +Maybe my questions focus too much on tools/platforms but I'd also like to hear about other topics such as insurance (any type), mortgages, children(?) and more key aspects that come later in life. Anything that will help me evolve my personal finance in the best way taking into account what I may encounter. + +Thank you!! +I am a single 24 year old male with no kids and got a job with a great company right out of high school at age 18. Full benefits, 401k with 4% company match ($12,500 total in my 401k so far), great opportunity for advancement, quarterly bonuses, sick days, 4 weeks vacation, and THEY HELP PAY FOR COLLEGE (up to $5,600 per calendar year), the works. The only problem is, I am very unhappy working there. I get no satisfaction out of the work whatsoever, my coworkers are worse than a group of teenage girls when it comes to office gossip, I work a 10 hour overnight shift, and I cannot change my position for at least a year due to my most recent promotion. + +&nbsp; + +I have been attending college part time online at my local state university but due to my workload I can only take on about 2 courses per semester. At that rate, my schooling would be paid for entirely by the company but a Bachelor's degree will take a very long time to obtain. Lately, I have been obsessed with the idea of leaving my company, getting a part time job, and going to school full time for a degree somewhere in the field of STEM (most likely some type of engineering). I am having a very hard time deciding if this is a good idea for me financially both short and long term. I love this sub so much and have taken away such great information over the past few months and now I have come to you guys asking for guidance. + +&nbsp; + +Here are my financial particulars: + +&nbsp; + +Income: In the 2014 calendar year I made approximately $46,000 before taxes. I have gotten a promotion recently and so far I am on track to be making just about $50k this year (post tax). I am paid bi weekly. My checks usually vary slightly depending on overtime pay or holiday pay but on a normal check with 80 hours I am looking at about $1200 post tax at around $2400/mo total. + +&nbsp; + +Expenses: +Rent: $500/mo ( I am sharing a two bedroom apt. and splitting the $1000/mo rent) + +Car Insurance: $236/mo (2009 Subaru Forester) + +Car Loan Payment: $189/mo with $9,600 left to pay off + +Personal Loan Payment: $130/mo with $3,792 left to pay off. (this was a stupid purchase I am trying to recover from) + +Student Loans: not making payments yet (as I'm still a student) with $7,000 balance total + +Credit Card debt: $160/mo between two cards with $2,610 left to pay off + +Gym Membership: $40/mo + +Groceries: $250/mo + +Utilities: $80/mo + +Gas: $40/mo (approximately) + +&nbsp; + +Is it worth it to leave my well paying job for years of part time pay and student loan debt in hopes of brighter pastures? Is it even possible with my income and expenses without drowning? + + +I am usually living paycheck to paycheck already. I do my best not to eat out or go to the bar but it is difficult sometimes being a young single guy and not trying to enjoy my life just a little bit. If I was to go to school full time, dorming would not be an option. I have a 6 year old dog named Bradley that I care for and going back to Mom & Dad's is not an option either. + +&nbsp; + +Thank you fine people of /r/personalfinance for taking time to read about my situation and offering up any advice in advance. I love you guys! + +TL;DR I am thinking of leaving my job that makes me $50k per year to work part time and go to school full time. + +edit: spacing + + +WOW, thank you all for you're two cents. That's why I love this sub. I think focusing on taking care of that debt first is most important. Seriously, thank you all for the advice. +my cake day is ~~sept~~ jan 27th, 2021. i've held through the sneeze, through the migrations, and held every day since. i've watched drones flying high, planes dragging names, and saw rick hide a banana. i was there for cuban's ama, among many others. + +i've bought more when i could, learned how to DRS and buy multiple times through Computershare. I opened a GameStop wallet and bought my first nft, and was gifted many more by apes. + +the level of crime, theft, fraud, and corruption happening in public view is hard to stomach. it feels worse every day as more is uncovered. + +i'm not looking for upvotes or sympathy. + +i just want that one ape out there who is having a hard time to know that you are not alone. there is a whole army of us out in this world rooting for you and supporting you. + +you absolutely belong here and you are one of us. + +the amount of unity here across typical demographic divides warms my heart. + +i don't want your money, send it to Computershare for a direct buy so we can lock this float faster. + +the amount of crime and fraud against GME is deafening. + +all i want for christmas is for our DRS numbers to keep going up. + +i have made my choices. i am on my way to what i hope is a warm, sandy beach. + +i do not feel alone, you guys have been here with me every single day since the sneeze. + +i believe in you guys. + +we are going to make this world a better place. + +💎👊♾ +💜 + +edit: i don't know why my brain told my fingers to type in sept as my cake month right after i checked it. +(i'm truly regarded) +This is one of my biggest struggles I have and it’s a complete psychological war for me. Too often I find myself saying “I’ll wait a little longer it’ll recover some so my loss won’t be as bad”. We all know how the rest of the story usually goes from there. Any tips on how you deal with this and ways to not give in to this mentality. +# MISSED SAFEMOON? DON'T MISS SAFEMOONOMICS + +Hold SafeMoonomics to earn SafeMoon rewards and to the moon we go! +No rebase nomics system, just a deflationary Safemoon rewards system. + + +At Safemoonomics you earn 5-7% SafemooN rewards! +This has never been done before and you will earn passive income JUST BY HOLDING SAFEMOONomics token. +And on top of this, every week we give away 1000 dollars of total value to shillers and holders in BNB! + + +So the longer you hold the more you earn and better your chances of winning huge bnb prizes and a Tesla. Make sure that you follow us on social media and let the world know. +Welcome to the future of mooning, let's build this together! + + + ✅ Launch today + ✅ KYC Verified and Audited + ✅ Doxxed Team + ✅ NFTS with Famous Artists and Top 5 Fashion Brand + ✅ SafeMoon V.2 Reflections + ✅ Tesla 2022 model 3 + ✅ Weekly shilling events + +[https://t.me/safemoonomics](https://t.me/safemoonomics) +[https://www.instagram.com/Safemoonomicstoken/](https://www.instagram.com/Safemoonomicstoken/) +[https://twitter.com/Safemoonomicsx](https://twitter.com/Safemoonomicsx) + + +&#x200B; + +💰 Add the Only SafeMoonomics token adress to your wallet: 0xeb206D5449563055d7D5B5933D891F777B319750 + +💸 Add SafeMoon V.2 rewards address to your wallet: 0x42981d0bfbAf196529376EE702F2a9Eb9092fcB5 + + +**MARKETING PLAN** + + +•Youtube marketing 📈 + +•Telegram marketing 📲 + +•Twitter campaign 🐦 + +•Reddit campaign 🚀 + +•Community shilling competitions every day after launch 💸 + +•Exchange listing future 💎 + +•NFTS With famous artist and Top 5 Fashion Brand 🚀 + +•Hold SafeMoonomics and earn Safemoon V2 Rewards 💰 + +•Safe Mooning No Rebase Systems +I was recently reading the (extremely interesting) New Yorker article on superyacht ownership (https://www.newyorker.com/magazine/2022/07/25/the-haves-and-the-have-yachts). + +One benefit they highlighted of owning a ridiculous yacht is that almost anyone wants a chance to come with you — hence how some (allegedly) has-been movie producer got the post-White-House Obama’s and Oprah to hang out for a week on his 400 ft+ yacht in French Polynesia. + +This got me thinking about my family’s long-held desire to create opportunities for friends and family to come visit us. We love to host and want to still see our friends/families that live across the country with regularity. This is a major financial priority for us so I’m now trying to strategize how we can facilitate it in practice. + +We intend to build a big compound in the mountains and make it as visitor-friendly as possible. We also are toying with ideas like renting a big ski house for a month every year and blasting out “come stay whenever, we have a great space available!” Then once we buy a ski place (haven’t decided where to purchase yet) it’ll just be open door whenever for friends and family. + +Our liquid net worth is currently low 8 figures and that’ll be the case for at least a few years (future liquidity event should increase it substantially). We also want to remain somewhat stealth-wealth as much as possible, at least for the next few years, and our families/friends are middle-to-upper middle class so things that subsidize but don’t sound *as* rich (“we rented a Caribbean house with extra bedrooms, wanna join?”) work much better than “wanna join us in the Caribbean? We’ll pay for your hotel room and your flights.” Basically it’s ideal if we can say “we’re already paying for x thing, if you come there’s no marginal cost!” + +What types of trips should we consider? (yachts are one idea, but they aren’t really our speed so that would be a later in life thing if at all) What sorts of trips could your sibling or close friend invite you on and you’d be very willing to take time off, take kids out of school, pay for flights, etc to join? What lakehouse or beach house could a friend have that you’d want to return year after year? +Hi folks. + +Title question largely speaks for itself. Here's some details: + +* Are you expecting another crash in 2020 and holding cash to take advantage of it? +* If so, what percentage of your portfolio do your buy-in cash holdings represent? +* Have you actively sold any securities in anticipation? Or purchased gold/bonds/currency? +* If you expect a crash in 2020, what events (if any) could you imagine being a catalyst? + +This post does not intend to pre-suppose arguments for any of the above, or suggest 'correct' answers. I'm just curious as to what the community thinks. + +*P.S., if you want to downvote this post, please do consider letting me know why. I'm always keen to learn where I've gone against community standards; I learn nothing from silent downvotes.* +Anyone with only a few properties who owns far from where they live? + +&#x200B; + +How'd you find the property and how did you manage to purchase/rent/etc? + +I'm in the market to purchase a few at the moment but live in an expensive area where it may not make sense. I don't have any connections outside of the local area. Any suggestions? +We backed out of our LOI and now the strategic buyer came back with a more reasonable offer. However, my investment banker and currently attorney are butting heads. Our attorney has M&A and tax experience, but is lacking in software experience. However, we like working with our current attorney because he really cares about the transaction and has very reasonable rates. + +This week, we interviewed 2 law firms that specialize in M&A (US-based), but both gave us an estimate of $150k - $200k for the entire transaction. One of these two firms worked with our acquirer as their buy side attorney in the past. + +Curious if any of you who has been on this road before can provide any advice on the following: + +1. Is $150k - $200k what we should really expect from big (East Coast) law firms for this transaction? Our current attorney estimates the bill to be $50k - $75k. Since we know we are not getting market rate for this acquisition, we really do not have the appetite to spend so much for an M&A law firm. +2. I am here to seek recommendation on an experienced US-based M&A attorney you have worked with experience in SaaS and software with more reasonable pricing closer to what we are expecting to pay our current M&A attorney. +3. Do SaaS / software M&A transactions vary significantly from other M&A transactions that we really have to replace our current attorney and pay 3x the cost for big name law firms. +For the past 2 earnings, it seems that every news source or comment I’ve come across has been bearish on INTC. I agree that they aren’t executing as desired, and there are more than 99 reasons to hate on the stock. But can I hear reasons one should consider looking at the stock symbol? +I have to admit, hearing of MrMM and MrsMM’s divorce shook me. I had always looked to them as a couple who was genuinely happy with one another and had things figured out. + +Putting some thought into it, I think what took me most off guard is that I felt they were people so intentional with their lives - whether that had to do with money, having children, their professionals, city where they live and I thought their relationship as well (making the assumption their intention when getting married wasn’t to divorce). + +To all you couples out there on the path to/at FIRE, I’d love to hear from those of you in genuinely happy long-lasting marriages - what do you attribute it to? How has this impacted your FIRE plans? + +Edit: links + +https://forum.mrmoneymustache.com/off-topic/mmm-is-now-divorced-from-mrs-mm/ + +https://twitter.com/mrmoneymustache/status/1069573918124531714?s=12 +Yesterday there was a big thread about this, but very few of the answers actually tried to answer the question seriously. + +I believe there are three ways companies strike it big: + +1) **They invent (or seriously flesh out) and market a new technology**. Think Edison's light bulb. This is the most risky type of investments. Most inventions turn out to be either impossible to create at the time (Theranos, HDSN - if we talk publicly traded), impractical to produce at scale (many "in 5 years" technologies that you see in the media) or fail to find consumers (did you know Sears had an online service that offered social media, search engine and an online shop in the late 80s?). Even those that actually scale those three obstacles may not really strike it big and become a niche product (Segway). So extremely risky. The sectore with where most of the invention of new technologies is going on is pharmacology, biotech and material sciences. + +2) **They bring a niche or luxury product/service to the masses**. Think Ford's cars. This is a bit less risky as we are not talking about a possible Theranos/HDSN style failure. It may still fail to scale the production or reach a market though. I think currently there are a lot of ventures that are bringing processes that used to be the domain of big companies to tiny companies. Think Salesforce, Square or Shopify. + +3) **Make an existing service/product much more efficient than any of the competitors**. Think Walmart or South West Airlines. This is even less risky than the previous two - the product or service exists, and is highly marketable, you "only" have to be able to implement your more efficient strategy. A lot of the cloud-using companies are like this because they can scale their customers much more easily - Zoom Video for instance, MongoDB, Okta etc. + +So here's the deal, I'm going to play with open cards and post a portfolio that will strike it big in the next decade. Laugh at me if you want to, but better yet, give it five years and laugh at me then: + +New Tech stock: + +GH, FLXN, VRTX, OMER, PCRX, HXL, FMC - extremely risky, expect these to go belly up + +Luxury for the masses and/or more efficient than competitors (it's a bit arguable): + +MELI, MSFT, AMZN, SHOP, CRM, SQ, AYX, PYPL, TTD, ZM, MDB, OKTA, ZS, TWLO (MSFT and AMZN are here because they provide the cloud for the rest of them) - very risky - I don't think they go bankrupt as easily, but pricing is high and they may not turn out to be the winners the market is expecting them to be. + +Needless to say - I own most of these. +I don't know much about historical prices during high inflation periods, maybe someone can shed some light on it? + +What I mean is, for example, house prices, historically and on average go up. Same for everything, consumer goods, food etc. I don't remember of a single product costing £1 and 3 years later costing 80p... + +Therefore, I just can't see prices coming significantly down from where they are now, maybe 10% or so. Any thoughts? +This is not a boring 401k. This is crypto. Huge strings up, uncomfortable corrections. I held at a massive loss on ETH for 4 years. I didn't sell shit. I held through it and came out on the other side better and strong than ever. + +**YOU CAN TOO** if you hold and stop worrying. Just don't buy high and sell low. That you will regret. +Seriously, these posts need to get banned because not only are they annoying but they are also dangerous especially for those getting starting in forex. You posts a pic of your trades that you’ve made massive gains on without context and then what, we’re supposed to pat you on the back and suck your schlong? + +Dear mods, can you put out a requirement for people to explain their position/DD on these kind of posts. No I’m not looking for anyone’s strategy, I couldn’t care less about your strategy. If you’re wanna make yourself look like a genius posting these massive gains, at least have the decency to tell people the story behind your positions. +Hi everyone, Andreas M. Antonopoulos here. + +I'm fundraising for Dorian Nakamoto, the person named in the newsweak article. + +I have no idea if this person is Satoshi, though it seems increasingly unlikely. However, it doesn't matter either way. If this person is Satoshi, then the funds are a small "thanks" and won't make much of a difference. + +However, if this person is not Satoshi, then these funds will serve as a "sorry for what happened to you", help with medical bills his family is facing, any legal bills they may incur, or anything else. Most of all, it serves to soften the damage caused by irresponsible journalism and to demonstrate the generosity and empathy of the community, which I know is huge + +Here's how it will work. I will collect donations to a single bitcoin address, posted below, with the following rules: + +- Donations accepted until the end of March. +- At the end of March, donations will be converted to USD and delivered to Dorian Nakamoto. +- If the donation is rejected by Dorian, then the funds will go to a charity of his choice +- If he doesn't want to choose a charity, funds will be donated to the Electronic Frontier Foundation +- Any funds sent after the deadline, will be donated to Dorian at a later date, or a charity of his choice or EFF as above. + +After the end of March, I will make my best effort to contact Dorian and deliver the donations in USD. I will document as much of that process as possible to prove the donations were delivered, as long as that documentation does not affect Dorian's privacy. + +The blockchain will provide transparency of all funds donated, which will not move from that address until the funds are delivered to the intended recipient based on the rules above. + +Donation address: 1Dorian4RoXcnBv9hnQ4Y2C1an6NJ4UrjX + +Check the fundraising progress here: https://blockchain.info/address/1Dorian4RoXcnBv9hnQ4Y2C1an6NJ4UrjX + +EDIT: Find the donation address and the terms, signed by my PGP key, at the pastebin below + +http://pastebin.com/4MHvpaeN + + +UPDATE - April 9th, 2014: + +I am in contact with Mr. Dorian Nakamoto and I will be delivering control of the funds to him, in person, within the next 3 weeks. I will post an update once this is done, as verification. + +I'm quite curious on how WFH is playing out for everyone here. It's something that interests me given the implications on office REITs and the impact on the old tradeoff between space and convenience. + +My current working assumption is that it would taper off with maybe most people getting to WFH \~1 day a week. Trying to gather more perspectives given what feeds my assumption is generally my experience and those from my friends. + +Reason for my assumption is that we started coming back to the office since June with office occupancy tracking \~10% for quite a few months after that. This slowly started to ramp up as the senior managers started to work full time in the office (I suspect due to prodding from our CEO) which in turn meant more people started to show up as promotion/bonus season crept up. Once occupancy went above 50% and it felt that more people were in the office than on zoom the rest of the office filled up quite quickly. Now fast forward to now with nearly everyone back in close to full time. People are getting tardy in ensuring a zoom invite is attached to every meeting and the odd passive aggressive remark that having to wait for emails from WFH people are making things inefficient has rounded up the remaining holdouts back in as well. + +Not the best given I did enjoy my lower commutes and flexibility but oh well. One of my good mates had a similar experience and another experienced it even faster when they heard a rumor that a restructuring was on the table. Not too many others given most of my friends are just coming back to the office since it seems like most corporates had Australia day as a soft launch for back to office so their occupancy right now is very low. Curious to see how their situation plays out. +I'm graduating from Vanderbilt University in May, and I've been accepted into a yearlong Master's program at Harvard Graduate School of Education. The program is a year long, and Harvard estimates the cost for the entire year to be $72,000. I already have $16,000 in student loan debt for undergrad and would have to borrow about $50,000 more to cover the cost for Harvard. Is it worth it? + +Some concerns: +I have no full-time work experience. +The program is a Master's in Education with a concentration in Language and Literacy, so not exactly a gold mine. +My original application was for PhD study in education policy, which is fully funded, but I was not accepted into that program. +My Bachelor's is in English and Psychology, so job prospects related to education are slim if I don't go. + +Thank in advance for all advice and suggestions. +So my kids have generous relatives and i'm thinking about investing their savings for them. Obviously i'd want this to be in low risk funds. Leaving the money to rot and lose value in a bank account seems like such a waste. At least 10 years in a low risk but decent return investment looks like a no brainer. Has anyone else done this? Advice/ideas? +A further explanation was needed from my previous post regarding the free fall. + +[Weeeee](https://imgur.com/a/AWwvOXE) + + +[The third largest fiat currency is on free fall.](https://www.reddit.com/r/Superstonk/comments/ve2yb1/the_third_largest_fiat_currency_is_on_free_fall/?utm_source=share&utm_medium=mweb3x) + +Some questions were raised and thus I felt the need to further explain how this bear shit wrapped in bull shit wrapped dog shit wrapped in cat shit wrapped is tied to the whole US Dollar and the stock market as a whole and truly GME is a hedge against the whole casino. + +Japan is the third largest economy in the world, they are also carry a Debt to GDP ratio of 256%. Fukkkkkk….that’s some insane leverage. Why? Well with the breakdown of the economic bubble came a decrease in annual revenue. As a result, the amount of national bonds issued increased quickly. Most of the national bonds had a fixed interest rate, so the debt to GDP ratio increased as a consequence of the decrease in nominal GDP growth due to deflation. + +https://en.m.wikipedia.org/wiki/National_debt_of_Japan + +The 10yr Japan government yield bond was already close to 0 yield but has since then gone up 25 basis points and counting. + +[Japan 10yr Bond](https://imgur.com/a/NYwBuHK) + +The issue with this, is because Japan is so highly leveraged that going up by that many points in a relatively short time and uncontrolled manner could essentially bankrupt the whole country, the higher it goes the more money they have to print. + +Now comes a regurgitating loop of shit, the BoJ (Bank of Japan) is simply going to keep printing money ( sound familiar?) +to buy these bonds to keep the yield from going up. Therefore called yield curve control. + +They can save their country from going bankrupt but in the process they will hyper inflate their currency. Do you now see the issue with their debt to gdp? An on going loop. + +Okay now, so what? What does this have to do with the US? + +As I stated earlier, Japan is the largest US treasury securities, coming in second is China. + +[That’s a lot](https://imgur.com/a/AkEnOPV) + +However , No one atm wants US Treasuries. + +[What treasure?](https://imgur.com/a/9ZKimaF) + +All it takes is for Japan to bankrupt or head for another lost decade and they will dump the US treasuries and implode the whole market and devalue the US dollar much like Terra . Down to 0. + +Jerome Powell knows this which is why now they are pushing this out in order to keep the value of the USD. What a coincidence huh? [US Digital Dollar](https://www.reuters.com/markets/us/feds-powell-us-digital-dollar-could-help-maintain-international-primacy-2022-06-17/) + +In essence the dollar is backed by nothing by soon to be worthless US treasury bills. + +Credit default swaps anyone? Someone knows something. [Something’s up](https://imgur.com/a/wZQw98h) + +Essentially if fed reserve doesn’t do anything to keep BoJ afloat then by liquidating their treasury stake, they will drop the whole market and anyone caught short would have no choice but to actually cover. + +Of course we all know SHF have to cover and their walls are closing in. It’s known they haven’t covered GME and damn well estimated to be short more than 200%. At this point anything could serve as a catalyst and only a matter of time. GME is a hedge against the whole market. + +Edit: I feel like I need to explain the portion of the US dollar going to 0. While this part sounds like FUD, it is true that the trajectory is leading to that point by many factors and not just the BoJ problems. There are many strings put together to make the spider web and one falls then the integrity starts to fall apart. I made the following comment. + +That’s the extreme end of the spectrum, The Fed Reserve will do everything to avoid the Dollar from becoming worthless. I’m saying there are many factors that would ignite a fire up SHF ass because the world market is not stable at all and it’s only a matter of time for MOASS. However I should say “don’t keep all your eggs in one basket”. After MOASS it would be wise to invest in different sources of revenue and commodities, land, gold, crypto. However I’m not a financial advisor and this is not financial advice. + +A little background to Japans economy. + + +. Japans Economy is not like the US it’s too complicated to explain in just this post. I will try my best to over simplify. In short after ww2 they experience an economic boom so much that they could have been the economic super power but it all came to an end in 1990. They having been in a deflation trajectory for over 20 years. Their gdp has been the same for the past 30years which means no real growth. They are and have been experiencing stagflation. + +The BoJ has to two measures to control the economy, monetary policy and fiscal policy. To stimulate growth they keep interest rates extremely low. But you can’t raise it fast or else it creates a wave of higher payments that the borrowers won’t be able to afford because of the extreme leverage. They’re rates were so low it went negative and it was like the government actually pays others to borrow from them (not really paying them however- that would be silly). It’s meant to stimulate more growth for the economy, however the central bank has created a low interest trap that they put themselves into, deflation is not good for banks that gave out too much money. That means products are cheaper and cheaper and people will only hoard they’re cash into banks knowing that later down the road they can afford more “expensive” products because it costs much less every passing year. Now fiscal policy they have been printing so much money and not making enough money back then any savings dissipates quicker than the drive thru at Wendys. Yes the US has more debt but they are a whole separate issue on itself, the Japan debt in retrospect is twice as bad because of the ongoing monetary and fiscal policies that have been controlling their Yen and growth. + +Japan has to pay interest on their debt (the loan twice their gdp) and because the majority of the debt takes the form of Gov bonds the interest rate is extremely low. Which have a long term growth impact on the economy, they can’t keep borrowing money. Japans Yen was used as trades for other foreign countries because it was so stable and a “safe haven” against other currencies and the bonds were so low. Not anymore, they are stuck and it has to lean on way or another. + +https://www.bis.org/publ/bppdf/bispap70c.pdf +Admittedly I'm not an expert, but I'm learning and while reading the book by Boyle and Mcdougall I've found an interesting tidbit: according to the OCC 72.2% of options are closed before expiration, 6.3% are exercised and only 21.5% expire worthless ([2019 data](https://www.optionseducation.org/referencelibrary/faq/options-exercise), under the question "How many options expire unexercised? How many do option holders exercise?"). + +IMO, it would be good to add the actual data in the wiki, it gives a bit more prospective to new enthusiasts instead of perpetuating a factually wrong notion. +Hello, folks. + +I got very interested in algotrading and have no problems with learning the programming part of it (thanks to the tons of content on the internet). But I see that I have major problems with the math & stats part of it due to a lack of knowledge in these fields and, as I think, doing things like cointegration tests without knowing how it works and how to interpret the results will become a problem in few years. + +So I'm wondering if any of you know good resources/courses/books to start from almost a scratch and in the end be able to read research papers. + + +P.S. Started learning with khan academy but I doubt that knowledge would be sufficient. +Evening r/Superstonk, neighborhood Jellyfish here! Today, the Fed released its updated balance sheet for the week. (through June 16th) + +&#x200B; + +[https:\/\/www.federalreserve.gov\/releases\/h41\/current\/](https://preview.redd.it/z6jc5bml1y571.png?width=2012&format=png&auto=webp&s=6803371f79a5211291d60b4b3296928ae46d1a83) + +Even as the Reverse Repo operations continue hoovering money **OUT** of the system at a record clip, the assets on the Fed’s balance sheet **INCREASED by $112 Billion** to—and stop me if you have been hearing this a lot around here about things—**a new RECORD $8.064 trillion**. Let’s write this one out: **$8,064,000,000,000** + +&#x200B; + +[Look at it grow!](https://preview.redd.it/psmffj3q1y571.png?width=1462&format=png&auto=webp&s=551c890fab9ae3896ee0059fe821f90e74748acf) + +&#x200B; + +Since the Covid-19 brrrrr started last March, the Fed has added $3.75 trillion to the balance sheet to get to $8.064 trillion, which is more than **double** what it had [on the balance sheet since the Repo market crisis of September 2019.](https://en.wikipedia.org/wiki/September_2019_events_in_the_U.S._repo_market) + +# So what caused the jump in the balance sheet? + +The majority of the S112 billion increase was: + +$24 billion increase in Treasury securities to $5.15 trillion and $84 billion increase in Mortgage-Backed Securities (MBS) to $2.33 trillion. + +Another thing I find interesting is the Treasury General Account (TGA), which Yellen said in February she wanted to [get to $500 billion by the end of June](https://home.treasury.gov/news/press-releases/jy0011), actually increased by $92 Billion to **$765 Billion**. + +I think it is safe to say Yellen is going to miss her end-of-the-month goal and the drawdown of the TGA will continue into the summer, **BUT** it is likely that $265 Billion is going right into the Reverse Repo market. + +&#x200B; + +[Funny how the drawdown coincides with the RRP blow-up.... ](https://preview.redd.it/7mf3e9jv1y571.png?width=1456&format=png&auto=webp&s=40bb172ffc50a304dd90e7caf9d842da072fec40) + +# OK Jellyfish, all of us find this Fed stuff fun (NOT), but why should I care and how can this tie to GME?!?! + +&#x200B; + +[I like being beaten over the head with Fed information, NOT!](https://i.redd.it/s14kkni02y571.gif) + +Remember the other day when [I posted that inflation is the lit match that is going to light the fuse to our rocket?](https://www.reddit.com/r/Superstonk/comments/nxxwqt/tldr_i_believe_inflation_is_the_match_that_has/) + +Well, JPow did his best to rain on the parade yesterday and make the case that inflation is transitory, **but** all his brrrrr and the participants locking up cash in the Reverse Repos market tells a different story! + +&#x200B; + +https://preview.redd.it/2zp3vsn52y571.png?width=1459&format=png&auto=webp&s=01152bcbbd435e97cc2f6942560079b9d943d888 + +&#x200B; + +[M2: I’ve mastered the ability of standing so incredibly still… That I become invisible to the eye. Watch. ](https://preview.redd.it/jdhnuw472y571.jpg?width=300&format=pjpg&auto=webp&s=cf692b4fc944262ce58aa33dd51a08cdfdccf323) + +Notice that? The velocity of money is grinding to a record (there’s that word again) low! When discussing inflation, folks rightly get caught up in the jump in prices. However, money velocity is often overlooked. What does the 1.122 number tell us? That cash is just sitting there and taking a LONG time to trickle into the economy. + +Suppose that that velocity (V) remains low at 1.122% per year. Next, let’s assume that the real output (Q) [grows by the 6.5% the Fed forecasted in March](https://www.usnews.com/news/economy/articles/2021-03-17/fed-ups-2021-economic-forecast-significantly-leaves-interest-rates-unchanged). [Now the Fed stopped reporting on the money (M) supply (not Sus at all right?) but it was up by 25% this past year](https://www.stockinvestor.com/50573/did-the-fed-stop-reporting-the-money-supply-m2-why-inflation-is-coming-back/). + +Cranking the numbers through the [Monetarist Theory](https://www.investopedia.com/terms/m/monetaristtheory.asp) equation (the Fed operates this way focusing on maintaining stable prices, promoting full employment, and achieving steady gross domestic product (GDP) growth), the resulting estimate for inflation is: + +M + V = %P + Q + +25 % + 1.122 % = % P + 6.5 % + +**P% (inflation) = 19.622%** + +Yeah, this estimated number for inflation (which I can be totally wrong on mind you!) is 4x greater than the 5% number reported the other day. Tell me again JPow, you really think this is transitory? + +Opinion: Because of inflation, the shorts are going to drown in their cash. There is no place for it to go to earn a positive yield greater than what inflation will eat, or should be acceptable for the level of risk of default. + +With nowhere to park this cash to generate positive yields and while having to contend with balance sheets that are having assets eaten away, participants will continue to use the Reverse Repo to buy time until: + +1. Being down in real terms because of inflation is something that cannot be made back up to service the debt and will weigh on balance sheets as they try to protect from margin calls. +2. Their existing collateral on the balance sheet can get re-rated lower, re-appraised lower, or just eaten by inflation to the point even what they are borrowing in treasuries can’t meet the requirements to hold off a margin call. +3. They hit the 80 billion Reverse Repo limit because of nowhere else to place cash, are tapped out on treasuries, and no longer able to post acceptable collateral to meet their margin requirements. + +TL:DR – I believe inflation is still the match that has been lit that will light the fuse of our rocket. + +&#x200B; + +[ Tick Tock and I hope I didn't screw this up too badly! ](https://i.redd.it/o4aq5gwa2y571.gif) + +EDIT 1: + + OK, this is where I **think** (and ready to be corrected) the [rules of growth rates come into play](https://saylordotorg.github.io/text_macroeconomics-theory-through-applications/s15-01-the-quantity-theory-of-money.html). + +>If you have two variables, x and y, then the growth rate of the product (x × y) is the sum of the growth rate of x and the growth rate of y. We can apply this to the quantity equation: +money supply × velocity of money = price level × real GDP. +The left side of this equation is the product of two variables, the money supply and the velocity of money. The right side is likewise the product of two variables. So we obtain +growth rate of the money supply + growth rate of the velocity of money += inflation rate + growth rate of output. +> +> +We have used the fact that the growth rate of the price level is, by definition, the inflation rate. +We continue to assume that the velocity of money is a constant.In fact, the velocity of money might also grow over time as a result of developments in the financial sector. Saying that the velocity of money is constant is the same as saying that its growth rate is zero. Using this fact and rearranging the equation, we discover that the long-run inflation rate depends on the difference between how rapidly the money supply grows and how rapidly output grows: +inflation rate = growth rate of money supply − growth rate of output. + + Even assuming the velocity of money @ 0, that would still be 18.5%? + +EDIT 2: The conclusions of this post are challenged and possibly debunked [here](https://www.reddit.com/r/Superstonk/comments/o49o2w/debunking_the_20_inflation_dds_it_is_crucial_to/) +Just what the title says, does anyone know what's going on or why our markets came out the gate crashing very hard, just to let up and recover most of the losses? Is this normally how a crash happens? Does anyone happen to have a link of past crashes live to correlate the hour by hour, day to day, week to week charts? I would assume once a crash falls below a support level it would be chaos and nosedive down instead of finding resistance and bouncing back up. Can anyone please elaborate on their understanding of what's happening? +2 years ago I [posted here](https://www.reddit.com/r/financialindependence/comments/b33onf/i_made_150000_on_the_side_last_year_should_i_quit/) looking for advice on whether I should quit my day job and go full time in my side business or stick it out at the day job for as long as possible. + +Ultimately I decided to stay at my day job and continue to work my side business in my spare time. + +This week I hit the long awaited 7-figure net worth, becoming a debt-free “millionaire”. + +Here’s my story along with lessons learned along the way. + +**Current $1M Net Worth:** + +65% Investments (retirement + taxable) + +30% Property (includes house & car) + +5% Cash + +**Backstory:** + +I grew up in a lower middle-class family and lived in trailers most of my childhood. My mom was a single parent to 3 kids at one point, and we always lived paycheck to paycheck. + +I was 14 the first time I lived in an actual house when my family was forced to move in with my mom’s new boyfriend because our trailer got repossessed. + +The financial struggles I witnessed as a child definitely shaped the way I view money and debt as an adult, for better or worse. + +After high school I was so worried about debt that I attended the most affordable community college for my Associate’s. This was the only big thing my mom & step dad paid for ($10k) but I also benefited from them by living at home during those years. + +Around the time I finished my Associate’s I took out a car loan for a used Pontiac and took out a student loan to finish my Bachelor’s online. These loans totaled around $17k. + +**Career & Income:** + +I landed a part-time job at 19 in my career field that paid $16/hour. It absolutely killed me to have debt so I furiously paid my two loans off as quickly as possible after getting my job. + +My annual salary was less than $30k during my first 5 years. Entering my 6th year I became full-time which slightly increased my income. + +With my relatively low income from my day job I had a burning desire to earn more money so I spent most of my spare time learning about online business, cameras, and videography/editing. + +I spent my life savings on a refurbished MacBook to start learning Final Cut Pro. I had to split the transaction across my debit & credit card just to afford the laptop. + +I began posting videos online then eventually used my video skills to film weddings so for the past 7 years I’ve been working three jobs: full-time IT job, part-time YouTube, and part-time videography. + +**Estimated Gross Income:** + +2013: $42k + +2014: $73k + +2015: $118k + +2016: $140k + +2017: $135k + +2018: $223k + +2019: $237k + +2020: $251k + +**Savings & Investments** + +Luckily my day job came with pension and 401k. I started out by automatically contributing 5% to 401k. + +Once my self employment income started increasing my CPA suggested I start a SEP IRA which I did 5 years ago. + +Not too long after that I started maxing out my 401k at my day job. It was around that same time when I started investing into a taxable brokerage account (mostly boring index funds) + +Unfortunately all those years before that I was just saving cash because I didn’t know about investing and was scared to invest. + +I used the excuse of “saving for a house” which most of us are told to do by our parents and grandparents. + +I missed out on a TON of market gains by not investing sooner than I did. + +But in a way I don’t regret the path I took because I was able to meet my wife during that time, and we bought our starter home and paid it off in less than a year. + +Looking back it was pretty dumb to pay off the house that quickly when you consider the low interest rate + the stock market performance, but hindsight is always 20/20. Plus I was completely unprepared to be a long term investor (something that the pandemic market crash has turned me into a believer) + +Becoming (and staying) completely debt-free is a psychological thing to me. I always wanted to own my home so I could quit my day job anytime if I wanted to and be able to sleep at night knowing I didn’t owe anything to anyone. + +I also splurged and paid cash for my dream car which was probably another mistake on paper, but I also looked at it as an investment of sorts and do plan to keep it 10+ years. + +Again, being debt-free is probably an irrational "mindset" that is burned into my brain from my childhood. + +**Looking Ahead:** + +Currently my wife and I are debt-free with 7-figures net worth. She quit her day job last year and is working from home as a part time freelancer. We have no kids but plan to try this year. + +I plan to keep this setup as long as possible and maximize my income and retirement accounts. I hope to FIRE before 40 with $2M NW. + +My next big goal is to be debt-free with $1M invested. I’m aiming to hit that within 2 years. + +I feel like being debt-free (including house) with $1M invested is the ultimate life changer for anyone looking to FIRE. I can’t wait to see what that feels like. + +**Lessons Learned:** + +The basics of becoming a millionaire are simple, but not easy: + +1. Maximize income +2. Minimize expenses +3. Invest the difference +4. Wait + +Building a side business has been the absolute best thing I’ve ever done to increase my net worth. + +Don’t try to be a millionaire overnight. Be consistent. Find your strengths and build a valuable skillset to see if there are viable business opportunities that can benefit from them. + +My “success” so far has been a result of these practical steps + +* Craft a set of valuable skills +* Work hard in your spare time to create extra income +* Save as much income as possible before spending +* Invest early & regularly + +Not having kids has been one of the advantages for me to work so much in my spare time. But that doesn’t mean it’s the “right” way. + +A part of me is actually envious of people who had kids earlier in their 20’s because they are still young and have more energy as the kids get older, compared to someone in their 30’s or 40’s. + +Also, not rushing into marriage was something that I take for granted. I waited patiently and met my wife in my mid 20’s. Waiting for the right partner makes a huge impact on your NW and FIRE journey. + +The reason I work so hard is so I can reach financial independence as soon as possible and quit working at any minute. The irony is that I don’t think I’ll ever stop “working”. + +I tried to explain to my wife that Financial Independence is when you can choose to never work again, while you live off of your assets, but it doesn’t mean you HAVE to stop working. It’s more about the FREEDOM to do whatever you want with your time. I don’t want to wait until I’m 60 to have that freedom. + +Set realistic short-term goals that you can easily track. Keep It Simple, Stupid. I regularly tell myself this phrase. Simplicity is underrated. If you want to lose weight, it’s simple: move more, eat less. The same applies to net worth: make more, spend less, and invest. + +Have an “abundance” mindset. There’s an abundance of opportunities, once you start looking. There’s an abundance of people you can meet to increase your worth, once you get out of your comfort zone. There’s an abundance of time, once you start being intentional with your hours. + +You still need to sacrifice. Instant gratification is your biggest enemy. Being able to wait years for results is unfathomable to the average person. Not bingeing the latest TV show is hard. Stoicism is a great way to stave off instant gratification & learn self discipline. + +Have a routine. Building productive habits that allow you to get into deep focused work is an invaluable tool. + +Live below your means as much as possible, but spend lavishly on things you deeply care about. I bought a modest house 5 years ago for under $200,000. The main reason I bought it? So I could have a garage for my $50,000 Tesla. + +Life is short. Don’t let money run it. My wife & I decided we love to grow our own veggies & herbs to save money on groceries. But we will gladly spend thousands on a trip to Switzerland, Italy, and Scotland. Find what's important to you and don't feel ashamed about it. + +Time and health are your most valuable assets in life. It’s okay to be selfish with these two things. + +Finally, there's no absolute right way to go about becoming a millionaire. Like with all things in life, it's the journey that you'll remember. +Hey fellow Apes. I'm a fellow Canadiape and if you haven't been paying attention, shit is kinda hitting the fan up here. + +I was the one last week who posted the [Canadian MP, Daniel Blaikie, talking about the housing market bubble/impending crash in Canada.](https://www.reddit.com/r/Superstonk/comments/upiccs/the_mother_of_all_housing_crashes_the_canadian/?utm_source=share&utm_medium=web2x&context=3) + +I honestly think that we are about to encounter a fucking perfect storm up here in the Great White North, and the effect of that storm will the bursting of - if not THE - biggest housing markets in the world. + +**For context: Let me plug in the recent numbers for you Americapes and Europoors:** + +1. [Three-Decade Inflation: 6.8%.](https://www.ctvnews.ca/business/canada-s-inflation-rate-hits-three-decade-high-of-6-8-per-cent-statcan-1.5908299) + 1. In Canada, inflation rose to THREE DECADE high of 6.8%. Yeah I know, we don't have as high of score as you Amuricans but it's still felt pretty hard up here. +2. [Average Gas Price \[Ontario\]: 206.6/L](https://tradingeconomics.com/canada/gasoline-prices) + 1. I literally cry every time I need to gas up rn. +3. [Canadian Interest Rate: 1% since April 13, 2022](https://www.bankofcanada.ca/rates/interest-rates/) + 1. Although, our interest rates were HELLA low during the beginning of the pandemic. Our Fed Govt. lowered rates to around .3% until around Feb 2022. +4. In March 2022, the average house price in Canada hit $816,720CAD. + 1. According to CBC, a Top Canadian News Outlet, ["Average Canadian house price hits $816,740 - up 20% in past year."](https://www.cbc.ca/news/business/crea-housing-february-1.6385274) + +&#x200B; + +Sooooo, without further ado, let's begin.-------------------------------------------------------------------------------------------------------------------------------------------------- + +First, I want us to look at the affordability of housing in Canada right now, and I think it will paint a good visual picture for people outside of Canada. + +I know that a lot of you kinda ^(know) already about the Canadian housing situation, but I think many of you fail to understand how many Canadians (if not the majority of young people) are feeling the housing pinch. + +Let's begin with comparing the average disposable income v.s house prices in the USA and Canada. + +# US Disposable Income v.s House Prices (1975 - 2021 respectively): + +&#x200B; + +[Looks pretty reasonable, non?](https://preview.redd.it/t79dpmcmfb091.png?width=566&format=png&auto=webp&s=7e8e759ae5c06918805fce810a05e37131298bf4) + +# ~VERSES~ + +# THE COMPLETE FUCKING OPPOSITE (1975 - 2021respectively) + +&#x200B; + +[Excuse me while I go FUCKING PUKE.](https://preview.redd.it/6ma8hyozfb091.png?width=572&format=png&auto=webp&s=4022b05e04ff518e111f52c7cd284528f9f11955) + +&#x200B; + +Okay, now that I got my puke cleaned from my mouth I can continue.... + +So pretty much, you can see how fucked the situation is here. It's absolutely staggering. + +However, I believe that it can get a lot more fucked than just that. Let's dig a bit more into the guts here. + +And can you believe it.... + +# PEOPLE ARE STILL BUYING HOMES + +While the market is really expensive and quite fucking ridiculous (if you ask the average Canadian), you would think that home sales have been quite low recently, right? Who the hell is buying a home right now when prices are so fucking high? + +Well, not exactly. + +\[While many [investment firms and corporations are buying UP TO A THIRD of all Canadian housing](https://www.investmentexecutive.com/news/industry-news/multiple-property-holders-more-than-a-third-of-housing-in-some-provinces/), many ordinary people are either buying a home or purchasing for the first time.\] + +[Let me introduce you to Mr. Maximum J. Pain](https://preview.redd.it/fkysdjfhhb091.png?width=541&format=png&auto=webp&s=1b2fdb7ab1bb9bf1ad45a20526b58c99aaef8807) + +You see that little dip in homes in around 2020? Yeah, that was when covid was hitting, the good old days. You know, when Gas was around .60 cents a litre when everyone thought the world was ending? + +Yeah, no one was buying a home around then... bEcAuSe... [Interest rates were still around 1.70%](https://tradingeconomics.com/canada/interest-rate) and everyone thought the world was ending. Toilet paper was also very hard to come by around then. + +(Here's a graph, since I know we lick our graphs over here) + +[\*Dip Flashbacks\*](https://preview.redd.it/o85sldd2ib091.png?width=748&format=png&auto=webp&s=2f452a7df553bc4ae18aed5c378fbf16b4b23aa6) + +\-------------------------------------------------------------------------------------------------------------------------------------------------- + +Okay, are you still with me? Good. I can already see a wrinkle developing. Congrats. + +So between 2020 and 2022, + +Now that we have seen only a **little bit** of how fucked the market is, let's begin diving into why I think the bubble is going to be bursting soon, and there's no stopping it. + +But first, we need to hop into our time machine to go back in time. + +Hop in... + +&#x200B; + +https://preview.redd.it/0a78jjsmkb091.png?width=353&format=png&auto=webp&s=6a9de949555902868d8201fbfceb1e28390b9ec0 + +&#x200B; + +Alright apes, welcome to the 1970's Canada. Where inflation rates were in the double digits. + +https://preview.redd.it/5t7dxxhbnb091.png?width=1042&format=png&auto=webp&s=fb9878f4ccb678b4701606d0949a6eac419a7c66 + +Now, while inflation was really high back then, it was the cause of different reasons. Here's to quote a summary by VOX: + +>[The story goes like this: President Lyndon B. Johnson spent a lot of money on the war in Vietnam. Wartime spending flooded the economy with money; prices crept up. LBJ’s profligacy — and the Federal Reserve’s willingness to tolerate it — led the whole economy to lose faith in the idea that prices would remain stable. Once everyone expected inflation, it became a self-fulfilling prophecy: because workers expected prices to increase, they demanded higher wages; because businesses expected wages to rise, they raised their prices; and so on, in an ever-escalating “wage-price spiral.”](https://www.vox.com/future-perfect/22576069/inflation-1970s-volcker-powell-federal-reserve) + +You're welcome to read that entire article BTW. To be transparent, it's titled: "Don't Worry about Inflation - Why fears of the return of 1970s style inflation are overblown." + +Riiiiighhhht..... + +&#x200B; + +Anyways, one of the ways that Canada decided to deal with the double-digit inflation was to FUCKING CRANK ON THE INTEREST RATES. + +And fucking boy did they ever crank those numbers. + +&#x200B; + +[HOOOOOLY FUCK.](https://preview.redd.it/waq2fdpnob091.png?width=705&format=png&auto=webp&s=8b90aeee6df4576aedab448b7f4d8809946bb6a9) + +Apes, interest rates were in the fucking 20's. Fucking incredible. But hot damn, did that cool inflation. You can see the staggering decrease of Interest Rates in the graph above, and inflation in the previous graph. + +Yep, they totally fucked that inflation. + +Oh BTW. While you're looking at that Canadian Interest Rate graph, remember that Canada was below 1% during 2020 and 2022. + +\- Come back to the present time now BTW. - + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +# Let's talk about Stress Tests...LOL. + +Okay so, currently, Canada has a "Mortgage Stress Test" introduced. These were first introduced in 2016 to cool the Canadian housing market. + +....lol.... + +&#x200B; + +>Here's the article I'll be using for this part: [What Home Buyers Should Know about Canadian Mortage Stress Test](https://www.moneysense.ca/spend/real-estate/what-home-buyers-should-know-about-the-canadian-mortgage-stress-test/) + +Anywayyys. The test affects anyone who is applying for a mortgage from one of our major banks. And if a buyer doesn't go to a bank for a mortgage, they can always go to a lender. Lenders have more flexibility, but still use the test to evaluate financial risk. + +It applies for everyone and essentially ensures you'll still be able to afford your morgage payment if interest rates increase. + +Okay, so what interest rate are they currently testing at? + +>Here's a citation for the stress test rates: [The Mortage Stress Test Has Already Increased for Some Borrowers](https://www.canadianmortgagetrends.com/2022/03/the-mortgage-stress-test-has-already-increased-for-some-borrowers/) + +&#x200B; + +Prior to June 2021, the stress test rate was set at either 2% above the contract rate you negotiated with your lender, or with the Bank of Canada's five-year fixed rate, which was higher (5.25%). + +Currently, the result is that most 5-year uninsured mortgages offered by the banks now range between 3.39% and 3.79%. + +For today’s borrowers who secure a rate of 3.25% or higher, it means they are [stress-tested](https://www.canadianmortgagetrends.com/2021/05/insured-and-uninsured-mortgage-stress-test-changes-confirmed-for-june-1/) at their contract rate plus 2% and not the Bank of Canada’s mortgage qualifying rate (MQR) of 5.25%. + +\-------------------------------------------------------------------------------------------------------------------------------------------------- + +# WHY DO PEOPLE STILL THINK INTEREST RATES WON'T INCREASE?! + +Let's take a look at the most recent interest rate chart again. + +&#x200B; + +https://preview.redd.it/c1r9z73ltb091.png?width=628&format=png&auto=webp&s=a42f770fd36798d6cd6d3ab3cc43a4945401a9eb + +For the past 20 years, Canadians have been enjoying low-interest rates. We are a generation of young adults who HAVE NEVER EXPERIENCED high-interest rates in our life-time. + +All we have known so far is under 5% inflation AT BEST. My friends, we have had to good for so long, it's not even funny. + +And what happened during this low-interest rate period my friends (specifically in 2020-2022)? People bought homes. Investors bought homes, Corporations bought homes, Boomers bought homes, and Millenials bought their FIRST home. + +All of this buying was mostly secured with interest rates below 5% interest. During a time where inflation was relativley calm. + +Now, inflation is hitting numbers we haven't seen in a 30-years time. The only way the Government of Canada understands Inflation taming is by increasing interest rates. + +It's worked in the past pretty well, and I'm damn sure that they might do it again. + +People are currently stress-tested for under 5% interest rates. If we keep increasing our rates at the frequency that inflation is moving.... it's going to be insane. + +I'm praying for first-time home buyers in Canada who bought in 2020-2022 with variable rates. + +https://preview.redd.it/rh09ks0iwb091.png?width=796&format=png&auto=webp&s=9d66104edbdc5ed76875c11ab08980893ff00e5f + +&#x200B; + +Imagine buying a house in 2020-2022. For under 1% of interest. You were stress tested for 5% and passed. + +If interest rates were to hit 5%, these home buyers would ALREADY be hurting financially. They would need to change their lifestyles and sacrifice some things. + +Now imagine if interest rates surpass 5% like the historically have during untammed inflation... + +There could be a lot of people who sell their homes because they are becoming too expensive. Which would bring a HELL of a lot of volume to the market, and decrease house prices quite significantly. + +People who bought a $1.2 million home 2 hours outside of Toronto in a small town could be in for some max pain of home value if they didn't sell their home already. + + +And a lot of you may be asking: "Well, not a whole lot of Canadians would have Variable Mortgage rates, right?" + + +WRONG!! + +# [" Nearly 30 per cent of outstanding mortgage credit has a variable rate, up from just 18 per cent before COVID-19. And for eight consecutive months, variable rate mortgages have accounted for more than half of new home loans, according to the latest Bank of Canada data. Apr 14, 2022"](https://www.theglobeandmail.com/business/article-why-variable-rate-mortgages-could-have-a-double-whammy-effect-on-the/) + +&#x200B; + +\-------------------------------------------------------------------------------------------------------------------------------------------------- + +Anyways, that's pretty much my DD for now. + +Ultimately, I believe that the Canadian housing bubble will be collapsing soon. Maybe not this month, but if inflation numbers continue to climb like they have been... it's going to get messy. + +Again, remember that Canada reported 6.8% in April. With gas prices hitting new highs this May and especially during the long weekend. I would think Inflation might hit around 7.2% or 7.4% in May. + +Please take care apes, and I'll be in the comments wanting to discuss with you all. + +I've tried to cite every source I could think to back-up some of my points. + +\*\*\*\*Not financial advice. I'm not an economist or in the real estate market. Don't come looking for me.\*\*\* +Don't even think about funding an account until + +* You have a solid basic understanding of trading + * Day Trading: The Basics and How to Get Started Fast (investopedia.com) + * Technical Analysis of Stocks and Trends Definition (investopedia.com) + * Introduction To Day Trading Stocks | 1215 Day Trading.com (free little video course but quite good imo) + * Mark Douglas - Trading in the Zone +* Have a very good understanding of Technical Analysis & Price Action + * What is the market doing? + * What sectors are strong? + * What sectors are weak? + * What stocks have good daily charts? (trending up/down) + * Ideally, you want hot/strong markets/sectors/stocks (above/below the major SMAs) + * Clear uptrends and downtrends + * Good ATRs + * Range bound markets are more difficult to trade + * Know how to mark up charts and TA focal points + * Where are the daily levels? + * Where are the supply and demand zones? + * Where is the trend line(s)? + * Where is the algo line(s)? + * How to set alerts? + * Any signs of reversal? (HA candles on the daily, hammers, dojis, etc) + * Any signs of continuation? (eg 2 flat top/bottom HA candles) + * Where is the 50/100/200 SMA? (Daily Chart) + * Where are the 3/8/20 EMA and VWAP? (M5 & M1 Chart) + * Where are the liquidity pools stacking up? + * Is volume increasing or decreasing? + * What is price action telling me? + * Does the stock have relative strength/weakness to the SPY? (not RSI) + * Am I trading with or against the market/sector/stock? (Trend) +* Have a good understanding of managing risk aka how not to blow up your account + * **THIS IS YOUR MAIN CONCERN/JOB. MANAGING RISK.** +* How can I find good stocks to trade? (Scanners/Screeners/Chatrooms etc) + * Volume/Relative Volume, % Change, Gappers, Large ATRs, Relative S/R To SPY, etc +* Have found 1 or more legit successful mentors or pro traders to follow and learn from +* Have found 1 or more legit solid communities or chatrooms with pro traders and people looking to become day traders + +Ok, now you have sufficient knowledge and resources to open an account and get your feet wet. + +* Pick a strategy in which you have clear signals for entry, a clear stop loss and profit targets + * Let me make it simple for you + * Buy at support & sell into resistance + * Wait for confirmation/retest + * Find setups on the M5 chart (or higher, basically you want to reduce the noise of the lower time frames) + * Find entries & exits on the lower time frames + * Set your stop loss at a point in which the support/resistance failed eg the support broke and has now become resistance + * Try to avoid going against the overall trends of the market, sector and the stock +* Types of Support/Resistance + * Daily Levels (Swing Highs/Lows) + * Daily Trend/Aglo Lines + * Major SMAs (50/100/200) + * Liquidity Pools + * Lower Time Frame SMAs/EMAs (3/8/20), VWAP + * Lower Time Frame Trend Lines + * Lower Time Frame Elephant Bars (Lows/Highs) + * Flat Bottom/Top HA Continuation Candles +* Use trend lines, market structure (lower lows, higher hights) and MAs to help you determine bullish/bearish bias +* Easy way to take profit as a newb + * Sell a 3rd at 1:1 (Risk:Reward) + * Sell another 3rd at 1:2 + * Let the last 3rd ride until the trade/trend reverses +* Use a trailing stop once you take profit +* **Paper trade OR use only 1 share or contract size to practice on** +* Journal every last detail of your trades + * Tradervue Trading Journal - Journal, Analyze, and Share your trades +* You want to know why you lost on a trade and how to optimize winners. There shouldn't be a single trade you lost that you can't understand why. Then look to implement those ideas the following day. Ask other traders for advice/trade reviews. Do more of what's working and less of what isn't. +* See which exit strategies consistently yield you higher returns eg trendline exit, MA cross exit etc. + +After 2 months of consistently being green trading super small, you MIGHT have some idea to trade. + +* Slowly increase your position size + +And remember, **RISK MANAGEMENT ABOVE ALL ELSE** + +Two of the biggest problems for new traders are + +* Holding losers too long +* Cutting winners too early + +If you can be disciplined and master the emotional/psychological aspect of trading, you have a great shot at becoming successful. + +PS: I am sure I am missing some stuff, but this will get you on the right path. + +Good luck +When I went to pull out the remaining few dollars I had to get on public transit, I was confused when I was declined while trying to get cash back from a local 7/11. I shrugged it off and tried grabbing something cheaper at which point I was declined again. I apparently was attempting to purchase the cheapest item they had in the store. In a rush as my bus was approaching I decided to resort to my last defense which was to explain my case to the bus driver and hope for that blue moon freebie and was lucky I got a driver in a good mood as he let me on. In total frustration I reviewed my transactions to find out that I was being charged 25 cents every time my card was declined. + +It truly feels like it is becoming harder and harder to be poor. On the bright side I made my bus and am on to another day. + +Edit: For honest clarification, this was on a preloaded debit card from a plasma donation center. I am assuming at this point that it is a policy put in to prevent over draft. I am not sure. +Just found out my sister (45) met a man on words with friends (Scrabble with strangers). He claimed he lives in Dubai and has a 13 yo son. So this man allegedly works in the oil business and had to travel to the UK for work, in the UK he falls ill and is hospitalized. now the son is asking for $500(USD) to transport the sick man to a better hospital. Now my sister said she's not sending but she's not walking away either so im concerned that they will push for money again and she will fold. +This whole situation threw up so many red flags for me right away. Has anyone seen this scam before? Any input on hiw I go about talking to her, my concern is that she is emotionally invested and I want to help her without her feeling like a fool or broken hearted if that's even possible. + +Edit: thank you all for the reassurance that im not being over paranoid, I really appreciate it. +So... yes the crash in value sucks, but I am trying to make use of this time to swap my remaining BTC for ETH. The decision for me is based both the ratio hovering at ~ 1 BTC for ~ ~~19ish~~ **22.5 eth**, and the tax implications for whatever BTC gains I have been relatively low compared to other points in time when the market was in bull mode. The last time the market had this combo was in April during the flash crash, and Oct/Nov pre-moon spike. As with anything in this market, I have no idea how this choice will play out, but I have greater confidence in ETH (at least in terms of quality of developers) over the long run. + +Anyone else using this market dip to rebalance/swap coins in your portfolio? If so, which way are you changing? BTC to ETH? ETH to BTC? Something something to or from alts?...or dare I say it, ETH to fiat? + + +EDIT: BTC/ETH ratio free falling. Good time to learn the art of knife juggling. +Leave your "TA doesn't work" shit at home, go troll the next post. What are the best libraries for technical analysis, identifying some patterns and trendlines so I don't have to hard code these things. Language doesn't matter. +Just finished a finance class where we looked at inefficiencies in crypto markets. I've been told that the fees for trading crypto make it impossible to arbitrage crypto exchange rates and come out with a profit. However, looking into it, some exchanges have fees of .1% or .05% and the inefficiencies we found in class could be as great as a whole percent or more. So if there were a path that returned 1%, then as long as the path involved less than ~10 trades, there should be an arbitrage profit, right? + +Is anybody doing this, or does anyone think this is feasible? + +Edit: Let's assume I'm willing to take on the challenge of latency. Exactly how fast would my bots need to be? +Inflation data just released few days again and we printed another 5% plus. That’s a red flag for any investor investing in a risky assets like crypto because it is 100% sure that the interest rates are going to go up again in the next FOMC meeting. + +To me, I think this is a co ordinated rally for some whales to get their money out before the eventual dump. They want dump money to FOMO in so they can go out. I can’t see no other reason why inflation will go 5% up and with and expected .75 interest rate hike and crypto will be going bananas + +TL DR: Market shouldn’t be going up when we have 5%+ inflation with expected .75 interest rate hike. +Hi all, + +I'm a non-professional investor but I really love (trying) to write investment theses to help me better understand the companies I'm investing in. I think I have an issue where I feel like I'm just summarizing their annual reports, which I'm currently trying to work on improving. + +With all this said, I was wondering if you had any tips you'd provide to someone trying to get better and/or if you've read any investment theses that have stood out to you in the past? + + +Thanks! +I am trying to diversify my portfolio, as the title suggests I am looking for good company to invest for long term in utility or energy stock any suggestion would help. + +Thank you for your inputs in advance. +I'm aware this is a value investing sub, which is precisely why I want to raise this question here as opposed to elsewhere. + +I have a friend Dave. He's made a lot of money over 2020 to now in the market (~500% TTM). Yes, one could have thrown darts at the board with their eyes closed TTM and made lots of money. + +However, seems to have had good picks. Recently Dave recommended increasing his stake in Moderna and for me to buy it. + +There was reasoning behind it. Something along the lines of "they're going to need more doses and it's probably going to be Moderna supplying them". + +As a value investor, buying Moderna in July is just forbidden. However it has doubled. I get text messages from Dave "told you so". + +Keep in mind, Dave has only started to be in the market in 2020. Dave bought Afterpay at $10 and held it through to now (at $125) **without even knowing how the company made money**. + +Dave bets on hype and market buzz, and via reading the news stories. He also sold most of his holdings prior to the March 2020 crash. He trades mostly on intuition and asking people questions, seeing what's buzzing. + +Is there merit to Dave's strategy? I'm experiencing FOMO. + +I don't mean to sound pathetic here seeking sympathy etc. But could it be that I'm complicating things more than they are? + +It seems so simple. Right now there are more retail investors than ever before in the market. It's reminiscent of when online poker got legalised for the first time in the US. Amateur players were making KILLINGS doing simple value bets like jamming with a flush and getting called despite never bluffing. + +It was easy peasy then. Is it easy peasy now? We saw HOOD spike +100% and then get dumped. In hindsight, it just seems so easy to buy at IPO and then sell even after a 20% gain. + +Is this the wrong time to value invest and instead the time to play a simple market? +Why are stocks like Datadog, Zscaler, Snowflake, Cloudflare getting pumped so hard these last couple weeks… Look at their valuations and earnings - it legitimately doesn’t make sense… am I missing something here? +Really considering throwing a large portion of my cash I set aside for drops like this into INTC & LMT. Both seem fundamentally undervalued from various perspectives. I am well aware of the usual slander Intel receives, and some is well deserved, however I feel like they could turn it around with certain tweaks. Lockheed also has its’ typical flaws that are pointed out, however in my opinion, the enormous military budget is not going anywhere, and only going to grow with global tensions rising in the foreseeable years. Corrupt politicians and corporations have constantly profited of war in history, so why can’t the typical investor also profit off such a horrible event? I am by no means supporting war, but if we are the ones most affected by them, why shouldn’t we profit as well? + +Obviously more DD is needed, however what is the community’s thoughts on these buying opportunities, and the companies as a whole? +We have a couple hundred acres in California that a company reached out to us and offered $1600/yr + 2% annual increases for 25 years to install a solar farm. + +I have been trying to find other companies to shop the price around to see if this is fair, but it's been difficult getting any on the phone. + +Any suggestions on who to reach out to or how I can better determine the value? + +Thanks +Looks like Buffett is finally starting to put Berkshires massive cash pile to use. Today, Berkshire announced a $11.6 billion acquisition of property and casualty insurance company Alleghany. Alleghany closed trading on Friday with roughly a $9 billion market cap. + +This is one of Berkshires largest moves in recent years and could signal that the Oracle of Omaha finally deems the market to be undervalued enough to build positions. This comes after Berkshire had also recently announced that they have increased their stake in Occidental Petroleum. + +Shares of Alleghany are up roughly 15% pre market as of this writing. +**Electra Protocol (ticker XEP):** + +\- is NOT A TOKEN, so NO SMART CONTRACT ADDRESS. + +\- is A COIN, with own blockchain (similar as BTC, ETH, SOL, LUNA, MATIC, AVAX, ALGO…) + +\- will implement SMART CONTRACTS capability (inc. NFT…) + +\- will implement Validator Nodes capability + +\- is a non-security coin (no ICO…) + +\- anyone can use the blockchain XEP to build solutions and products through a company + +\- will have a foundation in which the premine will be handled by several persons (multi-sig) + +**Evoblox :** + +\- is a private company that will generate profits by selling solutions and services + +\- is the first company that will use XEP as blockchain to support their solutions + +\- will build custom solutions to fit with **real world enterprise** needs + +\- is in relation with government entities (such as Panama) + +\- is in relation with a Venture Capital (VC) to get funds (several millions of $, not yet signed as far as we know) in order to accelerate the development of the solutions and hire developers + +**When and why XEP will moon? (considering Evoblox as the main entity that will be able to achieve this)** + +\- VC must sign a contract with Evoblox and provide funds + +\- Evoblox must sign contracts with enterprises/governments that want custom solutions using blockchain solutions (these contracts with generate revenues and benefits) + +\- Evoblox must hire several skilled developers to implement and maintain theses custom solutions (using VC funds, and Evoblox revenues) + +=> XEP will then be used (and bought) in real world. There **will be a buy pressure**, and price should increase. + +**Why it should pump hard (beyond the moon)?** + +\- Custom solutions that will use data will require **buying XEP**, and these XEPs will be **burned**! + +\- Hypothesis: Evoblox should invest in XEP by buying continuously XEP using their benefits! + +\- Speculation: Imagine Panama is the first country to use Evoblox solutions using XEP! + +***Created by Nexus after a Telegram mini-AMA today.*** +Was hoping to get some recommendations and advice from the hive mind and figured this would be the best place. I have a friend looking to purchase one of these on a private island in Belize, $3.5MM. + +Does anyone have experience purchasing these types of residences? I know they have similar residence type properties all over Mexico but have never stayed in one personally. + +Are they worth it as a straight investment when the hotel manages it? Is it pretty hands off? Is the value only there if you plan on using it frequently? Concerns on real estate ownership on Latin America (my understanding is it needs to be setup in a complicated corporation or trust)? Any other experiences or advice? + +[Caye Chapel](https://m.fourseasons.com/residences/private_residences/belize/) +I've not bought/read this, but I recognised it as a [recommended resource](https://ukpersonal.finance/recommended-resources/#Books_about_investing) for this subreddit. + +Courtesy of [HUKD](https://www.hotukdeals.com/deals/the-intelligent-investor-by-benjamin-graham-kindle-edition-now-99p-at-amazon-3649533). Link to book [here](https://www.amazon.co.uk/dp/B000FC12C8). +[https://capital.com/gamestop-share-price](https://capital.com/gamestop-share-price) + +Check it yourself and then get back to your actual job + +&#x200B; + +Edit: update as of 10:30 CST: 83% buyers. Ooooooo scary + +Edit 2: There's been some confusion between this an FINRA numbers. This is a metric for an instant snapshot of market sentiment towards GME by users of Capital.com. Take a look at the below post for FINRA Buy/Sell. + +Spoiler alert: It was at 4:1 as of market close 04/09/21. Bullish AF. + +[https://www.reddit.com/r/Superstonk/comments/mpfegl/41\_buysell\_ratio\_on\_gme\_right\_now/](https://www.reddit.com/r/Superstonk/comments/mpfegl/41_buysell_ratio_on_gme_right_now/) +&#x200B; + +[u\/pinkcatsonacid, u\/bye\_triangle, u\/redchessqueen99](https://preview.redd.it/4boo3ay3ho571.png?width=1426&format=png&auto=webp&s=c3422eabf17e4950c003e2b51fd58bcfc2f0eb83) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Today's Recap 📈 + +# $GME Closing Price: $222.97 + +Open Price: $215.24 + +Daily High: $228.73 + +Daily Low: $209.00 + +Volume: 5.52 MM + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🖍🍎🚌GME 101🚌🍎🖍 + +&#x200B; + +*If you're new to Superstonk, start here!* + +&#x200B; + +[Superstonk FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq#wiki_how_do_i.2C_as_a_retail_investor.2C_stand_a_chance_against_the_hedge_funds.3F) (Updates coming soon) + +[Superstonk Wiki](https://www.reddit.com/r/Superstonk/wiki/index) + +**NEW!!** We will be having a "Smooth Brain Sunday Megathread" every Sunday as a place to ask all the questions you've been wanting to get answered! Please be advised that all answers provided are from individual users and, as always, any information you receive requires doing your own due diligence!! + +The apes of [r/Superstonk](https://www.reddit.com/r/Superstonk/) sincerely appreciate the time and effort put into getting this information out there. 🦍🤝💪 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +*Alright guys...* + +The first edition of today's JBeat contained a correction that 005 was not in effect just yet, and followed up with a link to the DTCC website to confirm. Well, that info was wrong. So I have deleted the part of the post relevant to that discovery. + +We are back to where we hoped we were. + +&#x200B; + +# #005 appears to be in effect + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Superstonk Community Award Contest! + +**text and awesome artwork by** u/redchessqueen99 + +&#x200B; + +https://preview.redd.it/r096resxco571.png?width=1000&format=png&auto=webp&s=ea2bfe2f71e168c47e343024fe6c3de46cf18301 + +# What are Community Awards? + +Regular "awards" are purchased with **Coins**, a mechanism of Reddit that ultimately requires real money to purchase packs of coins that can then be spent on awards for posts and comments. [r/Superstonk](https://www.reddit.com/r/Superstonk/) does not receive any money when they are purchased, but it does receive Coins when users gift Community Awards. + +>Community Awards are unique to each community, and members can give them to each other. Moderators can design and name the Awards however they want.A portion of Coins from Community Award purchases will be deposited to the community’s Coin balance. Moderators can use Coins from that balance to reward members with Mod Awards. The Coin balance is shown only to moderators in the community’s sidebar. + +Moderators do NOT have access to the [r/Superstonk](https://www.reddit.com/r/Superstonk/) coin bank other than to give Community Awards on this sub to quality posts and comments. Moderators do NOT receive any coins personally, and only certain mods with permissions can access the coin bank for this purpose. + +**Community Award:** Any user can gift this award for an amount of Coins (min. 500) to a post or comment. Each of these awards will also gift Coins to [r/Superstonk](https://www.reddit.com/r/Superstonk/) itself, allowing mods to give mod-exclusive awards. For example, a 500 Coin Community Award also gives the subreddit 100 Coins. + +**Mod-Exclusive Community Award:** These awards are purchased using the Coins available only to mods from the [r/Superstonk](https://www.reddit.com/r/Superstonk/) Coin bank, and give a certain amount of Reddit Premium to the recipient. For example, a 1800 Coin Mod-Exclusive Community Award will grant one month of Reddit Premium. + +*Reddit Premium gives 700 monthly coins, access to Premium Awards, and more. Learn about it here:* [*https://www.reddit.com/premium*](https://www.reddit.com/premium) + +Currently, we have two Community Awards: the **Superstonk Award** (500 Coins, giftable by members), and the **Not-A-Cat Golden Bananya Award** (1800 Coins, giftable by mods only). + +&#x200B; + +[ Ape Not Fight Ape, unless for top prize! ](https://preview.redd.it/3zt0z0k7go571.png?width=1000&format=png&auto=webp&s=7996b03275f2caba2751f31de5c004427d24b2cf) + +# Award Contest + +We ask you, [r/Superstonk](https://www.reddit.com/r/Superstonk/) members and lurkers, to use your best design skills to create award icons that we can then place into the Community Awards. You will need to think of a great name, too, but note we must keep it (mostly) family friendly. We are limiting to one design/name per submission, so make it good! + +**The top eight designs will be made into the following awards:** + +* **5th-8th:** Community Award (cost: 500 Coins, 100 to [r/Superstonk](https://www.reddit.com/r/Superstonk/)) +* **4th:** Community Award (cost: 1000 Coins, 200 to [r/Superstonk](https://www.reddit.com/r/Superstonk/)) +* **3rd:** Community Award (cost: 2000 Coins, 400 to [r/Superstonk](https://www.reddit.com/r/Superstonk/)) +* **2nd:** Mod-Exclusive Award for 1-month Premium (mod cost: 1800 Coins) +* **1st:** Mod-Exclusive Award for 3-month Premium (mod cost: 5400 Coins) + +Additionally, **1st and 2nd place will receive FOUR of the new 3-month Premium mod-exclusive awards** on their top posts and/or comments, **3rd and 4th place will receive ONE of the new 3-month Premium mod-exclusive award**, and **5th, 6th, 7th, and 8th place will each receive ONE of the new 1-month Premium mod-exclusive award**. This will effectively win you Coins and Premium membership, as well as serious clout from designing an official sub award. + +To submit, please follow the guidelines below. + +&#x200B; + +[ Welcome to the Jungle ](https://preview.redd.it/ssjx6vpcgo571.png?width=1000&format=png&auto=webp&s=c54aab4ade98818d338c7095b270c6cf9d4ea7c8) + +# Submissions must adhere to the following: + +* Image file attached to email with these attributes: + * **Design Image**: PNG with alpha layer (or) animated GIF with alpha layer + * If a gif, we cannot guarantee it will work in our bracket system (will try) + * Must be square crop (1:1 ratio) + * Width and height should be equal, and at least 512px + * File size limited to 2MB +* **Name of Award** (Appropriate Titles Only; otherwise we will change it) +* **Username of Artist** (must have history on [r/Superstonk](https://www.reddit.com/r/Superstonk/) without Ban) +* One submission per user +* Rules must be followed; NSFW or improper designs/titles will be disqualified +* **Designs must be original content**, or created by submitter; no copying from Google Images or stealing others' work +* (optional) **Include a hyperlink to the image** as backup (i.e. Imgur) + +# PLEASE FOLLOW THESE 👆 REQUIREMENTS OR YOUR SUBMISSION WILL BE REJECTED.💎 Send submissions to [superstonk\_mods@protonmail.com](mailto:superstonk_mods@protonmail.com) + +*We will not accept awards tagged in posts, sent by Message or Chat, or over Discord. We encourage you to* ***create a separate email*** *if you want to remain anonymous, but we will not release any details regarding the submissions process, other than the username provided during submission.* + +&#x200B; + +# 💎 DEADLINE - Sunday, June 20 @ 4:00 p.m. EST or 120 total submissions received + +&#x200B; + +Timezone Deadlines: 1:00 p.m. PST / 2:00 p.m. CST / 4:00 p.m. EST / 10:00 p.m. UTC / 6:00 a.m. AEST + +&#x200B; + +We reserve the right to deny any images that do not meet these requirements. The contest will remain open until we receive 120 entries or until the deadline; whichever comes first. If you are late with submission, or if the contest closes due to the limit, you will sadly not be included. The early ape gets the banana! + +*By submitting your design to this contest, you are agreed to allow the subreddit* [r/Superstonk](https://www.reddit.com/r/Superstonk/) *to use it for a Community Award image, without end date, and the design will remain a part of* [r/Superstonk](https://www.reddit.com/r/Superstonk/) *in this context indefinitely. The subreddit will not claim any copyright over the designs submitted, or use them for any other purpose.* + +&#x200B; + +https://preview.redd.it/pmky6nbmgo571.png?width=1000&format=png&auto=webp&s=731fa3fc1adb710f72800c776be5ac87a11628cf + +# TLDR: Make some awesome designs and send them in. The first 120 submissions will be included in the contest, if submitted by the deadline, and the top eight will win mod-exclusive awards (Reddit Premium) and have their designs featured as official [r/Superstonk](https://www.reddit.com/r/Superstonk/) awards. + +# Thank you again for participating in the contest and good luck, apes! + +&#x200B; + +back to u/pinkcatsonacid + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Community Spotlight- u/Criand + +Put on your helmets. This one is as much of a blow to your senses as the Everything Short by u/atobitt + +&#x200B; + +[**The Bigger Short. How 2008 is repeating, at a much greater magnitude, and COVID ignited the fuse. GME is not the reason for the market crash. GME was the fatal flaw of Wall Street in their infinite money cheat that they did not expect (link).**](https://www.reddit.com/r/Superstonk/comments/o0scoy/the_bigger_short_how_2008_is_repeating_at_a_much/) + +&#x200B; + +Excellent DD just keeps getting cranked out by Criand. Kudos to you, ape and thank you for your wrinkliest of contributions as you continue to bring top-tier research to the sub. Fist bump. Knowledge is power. 💎✊ + +&#x200B; + +https://preview.redd.it/sg7sh9qsro571.jpg?width=540&format=pjpg&auto=webp&s=28129e32bfdff0323d77124ad90cc2d7cdae04a9 + +Also, I'm v angy now. 🤬 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# The Federal Open Market Committee- FOMC- Press Conference + +🚀"LIFTOFF"🚀 + +Chairman Powell held a press conference of the FOMC today telling us all about how the Federal Reserve is totally chill and everything is totally fine and just BE COOL AND STAY CALM WE HAVE GOT THIS UNDER CONTROL + +&#x200B; + +[narrator voice: but it wasn't fine](https://preview.redd.it/8qce8xsgmo571.jpg?width=606&format=pjpg&auto=webp&s=5df33a25f53409b6317d31cb94a9ac79d79cbd4a) + +# [Watch the Press Conference here](https://www.youtube.com/watch?v=ZmqH8GnuJfM) + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# ICYMI- Burry's Back + +&#x200B; + +Dr. Michael J. Burry has re-emerged from hiding. + +&#x200B; + +https://preview.redd.it/qd2kjgjiqo571.jpg?width=1080&format=pjpg&auto=webp&s=9de00ad58de7aeb57e57798164cbcab1130b93f2 + +[**Here's the link if you're interested in following him on twitter!**](https://twitter.com/michaeljburry) + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# We Like the Company! We Support the Company! + +&#x200B; + +https://preview.redd.it/y3hk8zuvpo571.jpg?width=1920&format=pjpg&auto=webp&s=da19e6eda81bc8600ee2ff8ed9f6e4e8e61b731e + +Obviously you're a shareholder because you love Gamestop and have high hopes for its future. Supporting the company you love on the retail front is a great way for a shareholder to ensure a business' success! Here are several ways you can show your public support for Gamestop; + +* [**Shop at Gamestop.com**](https://www.gamestop.com/) **🛒** +* [**Become a PowerUp Rewards Member**](https://www.gamestop.com/poweruprewards/) **✊** +* [**... Which gets you a subscription to Game Informer Magazine**](https://www.gameinformer.com/) **🚀** +* [**Follow Gamestop on Twitter**](https://twitter.com/GameStop) **🦍** +* [**Subscribe to Gamestop's YouTube Channel**](https://www.youtube.com/user/gamestopvideo) **🖍** +* [**Follow Gamestop on Twitch**](https://www.twitch.tv/gamestop) **🎮** +* [**Follow Gamestop on Instagram**](https://www.instagram.com/gamestop/?hl=en) **🌙** +* [**Follow Gamestop on Facebook**](https://www.facebook.com/GameStop) **🦧** +* [**Apple Devices- Download the Gamestop App**](https://apps.apple.com/us/app/gamestop/id406033647) **(Link to App Store) 🍌** +* [**Android Devices- Download the Gamestop App**](https://play.google.com/store/apps/details?id=com.gamestop.powerup) **(Link to Play Shop) 📈** +* **Brands owned by Gamestop; ThinkGeek, GameInformer,** [**MicroMania**](https://www.micromania.fr/)**, and** [**EB Games**](https://www.ebgames.ca/) **💎** + +Please remember apes, as you are interacting with Gamestop Social Media, that their objective is to reach gamers and promote their brand to their demographic. Yes it's fun when they tweet MOASS and Chickie Tendies, but let's not flood them with comments about Ken, Naked Short Selling, and Mayonnaise. Let's show them support by joining, contributing to, and expanding their robust community of gamers! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🚨 Reddit down 🚨 + +# With Reddit having issues during high traffic, exciting moments in this saga, we have discussed what to do if Reddit has an outage. + +**IF REDDIT GOES DOWN AT A PIVOTAL MOMENT A LARGE PORTION OF THE MOD TEAM IS ON TWITTER.** + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +**IF THERE IS SOMETHING BIG GOING ON WHILE THE OUTAGE IS HAPPENING WE MAY ALSO UTILIZE THE "EMERGENCY BROADCAST SYSTEM" TO RELAY INFO:** + +[SuperstonkLive YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***OOK OOK*** + +***"I may have been early, but I am not wrong"*** + +&#x200B; + +[🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍](https://preview.redd.it/mz80h1o5so571.png?width=1600&format=png&auto=webp&s=b675be4fe3058f64da776ee72516c5fa724dd228) +Sorry long post. + +I've been chatting to my wife, and when our kids reach the age of 30 or are buying their first property (whichever happens first), we are thinking of gifting them 50% each of literally everything we can afford -= only leaving enough with us to ensure we will not become a financial incumbrance to them later. This includes selling the big family home and us moving into much smaller rented accommodation and throwing that money into the pot they get. + +We would make crystal clear to our kids 'This is it, this is the lot .. when we actually do die, and the solicitor reads that will, it's going to be pennies as we're just leaving ourselves enough to muddle through WHICH IS ALL WE WANT. Consider this, today, our actual financial legacy to you'. + +We'd get a shit-ton more happiness from seeing our children flourish than any material goods. And with them getting approx. £600,000 - £700,000 cash each (todays money) - I mean .. that's life changing stuff right there for a 30 year old or first time property buyer - so why make them wait until we kick the bucket and then we don't even get to see them use it? + +Why this post? + +Well, the idea seems somewhere between rare and non-existent in society - I don't know anyone else who has even considered this. + +So rare that me and the wife think maybe there's some problem conceptually - some tax ramification or legality or technical issue with the plan. I mean, I told my drinking friends and they looked at me like I was mental - but couldn't really explain why. My brothers think the idea is bonkers, but again, they can't really verbally articulate technically the problem, just 'Sorry Britboy, but that's madness mate' .. + +We will be about 62 years old when my kids hit 30. + +If anyone can say 'listen friend, that idea is perfectly achievable' OR 'listen friend, you ain't considered a few damn important factors to be honest ...' .. would hugely appreciate it.. +Apparently HSBC came out recently offering a five year fixed at 2.74% and it has most of the Canadian banks scrambling to match or lower their rates. + +Seems like TD is offering 2.89% and RBC won’t budge from 3.09% for five year fixed right now, although I’m sure in the next couple months everything will be sub 3% with bond yields plummeting again. + +Thoughts? +Why do people invest in mutual funds like small cap funds or index funds. When companies like bajaj finance, asian paints, pidilite give 20-25 % CAGR. sorry if this is a dumb question. Why not just invest in these companies +Hey r /cc, + +I’m working on a project that can bring more transparency to blockchain projects and their development. Blockchain development is usually done in an open-sourced way, where anyone can see what developers are working on. But this information is usually only accessible to people who are developers themselves. Browsing a git repository, trying to understand what a commit, branch, or tag does is not really understandable for most non-developers. With the tool I'm developing I'm planning to shed a bit of light on what teams are doing and how the projects are progressing. + +In this post, I'd like to go over some of the metrics I've found interesting on different blockchains and how they can be used to understand the development of a project. All of the results I describe here are based on the tool I've written and my personal experience in software development. Someone else with a different background might interpret the results differently. + +I'm filtering out changes with more than 1000 lines and less than 100 lines. In my opinion, outside of this range, there is too much noise to be useful. I'm also just inspecting the block producer code. In the next iterations, I'll take a look into entire organizations with all repositories. Let's start with bitcoin itself. + +https://preview.redd.it/6pya36ib4eh81.png?width=2062&format=png&auto=webp&s=c6141e3f03eeae7bcdd4c47d91d6fafb0932a3ee + +From the executive summary, I can see that \~9 % of the contributors who contribute to bitcoin are still onboard. But on the knowledge retention, we can see that some of the "heavy hitters" have left the project. Usually, this number starts at 100% for new projects and slowly decreases. Knowledge retention is a measure of how many lines of code which was edited by a certain contributor and if that contributor is still on-board. Remember that bitcoin had this block size war at some point, so it's normal to see some of the developers who contributed to bitcoin leave the project. Having a refactoring rate of \~60 % means that more than half of its codebase is re-written. And it's more or less in normal bounds. + +https://preview.redd.it/38njz74c4eh81.png?width=2062&format=png&auto=webp&s=ad3d07018d264085068778f2022b4b97341c146f + +Looking at the versions chart, it shows a steady and continuous development. If we look at some of the latest large updates, we can see that they are mostly rewrites. Of course, it's necessary to check more messages to get a better understanding but I want to leave it to users. + +Let's move on to the Ethereum project. + +https://preview.redd.it/jsn1lk4f4eh81.png?width=2048&format=png&auto=webp&s=7c882e71a3536ff20e0c00b13047aa06f2a08706 + +Ethereum shows worse results in the executive summary than bitcoin. This is quite surprising to me because Ethereum is a younger project than bitcoin. Yet the constant delays in their releases and always changing targets and deadlines, it seems like the metrics make sense. Only 7% of the contributors are still onboard, and the onboarded contributors only contributed 0.39% of the total changes. I would expect the new teams to re-do the same mistakes that previous teams did or re-write the same code again to understand it easier. I think a 60% refactoring rate is what we can assume to be generally good. But lower numbers would probably mean that projects are adding features faster than Ethereum and Bitcoin. + +https://preview.redd.it/bpco6j3g4eh81.png?width=2042&format=png&auto=webp&s=b781d229af8621c5471440878ba73351fc7255c5 + +On the versions chart, last month seems like getting a bit more silent in Ethereum miner development. But keep in mind, this data is only from go-ethereum project, maybe the team might have their focus on some other repository nowadays. + +Now Solana. + +https://preview.redd.it/3vi6799h4eh81.png?width=2074&format=png&auto=webp&s=7e20865a1b620ca2b690a7c30e056f24b5d56f11 + +Solana shows better results in the executive summary than Ethereum. But because Solana is a much younger project, higher team and knowledge retention is expected. This will result in faster deliveries and more features. But it's important to check this measure from time to time to see if they start bleeding talent. + +https://preview.redd.it/mjrzaj6i4eh81.png?width=2040&format=png&auto=webp&s=70046d0077a79310d5af93032f20d65be504dcaf + +Looking at the versions chart, we can see that there is constant development with more systematic changes which would be expected from an "industry like development" project with focused teams and serious project management. In a commit message from 2019, we can see that they were already trying to offload some work to GPU's from start. Yet I'm curious what other changes are done in the subject, so I'm going to search for updates with GPU messages in them. + +https://preview.redd.it/tm9b8uij4eh81.png?width=2048&format=png&auto=webp&s=d6a35ae9ed4410f0612f2405b4ef2c9c65e356b4 + +Hmm, interestingly it seems like there is not much development being done with GPU term in the message. + +Ok now let's move on to EOS. + +https://preview.redd.it/06x71zdk4eh81.png?width=2040&format=png&auto=webp&s=d1516662b8182f6eaddde966e2b628c344479e1e + +I'm putting it here as it verifies the data I have. EOS is an old project which is riddled with issues. The executive summary shows that \~0% of the contributors are still onboard. This means no one is contributing to the project systematically anymore for 90 days. This is a very interesting metric to look at because it's really hard to onboard people back onto a codebase as complicated as EOS. + +https://preview.redd.it/qhan02al4eh81.png?width=2042&format=png&auto=webp&s=ef1af6b99d17370e3c76906b9fcd78f2774735a5 + +In the versions chart, we can see that there is a sudden drop in the development NOV 2020. Afterward, it seems like it's completely stopped in MAY 2021(the chart of EOS ends here, not today). Of course, there might be some changes happening, but our filters are filtering them out, with these settings. + +I think that's enough for now, I'll be updating the tool with the new data I find and I'll be adding more metrics. In the next weeks, I'll set up a notification system where users can get e-mails or push notifications when certain filter results bring new data. ex, you can subscribe to GPU updates on Solana and you'll get an e-mail when there is a new update. + +Here's what the tool looks like when used: + +[https://streamable.com/5q03xr](https://streamable.com/5q03xr) + +And here it is in "demo" mode only showing data for Bitcoin and Ethereum. If you subscribe over Patreon you can browse all the repositories listed on the homepage. + +[https://gitbeat.info/](https://gitbeat.info/) + +Enjoy! + +Ps. I've decided to start an effort to map which blockchains have which repositories are important for them. Afterward I'm planning to implement this information on gitbeat. + +Here's the google sheet I've created. I've made it editable and created 10 columns for now for 10 different repositories per blockchain. But if it's not enough, It's not hard to extend. + +[https://docs.google.com/spreadsheets/d/1zbnvzrzBSslvm6n1fMj3uPlMTrZpjjqHy2RGY5AEv40/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1zbnvzrzBSslvm6n1fMj3uPlMTrZpjjqHy2RGY5AEv40/edit?usp=sharing) + +Thanks for your contribution! + +\--- + +If you'd like to access the tool while I'm developing it, you can subscribe to my Patreon([https://www.patreon.com/gkaykck](https://www.patreon.com/gkaykck)) and get an access link to the tool. After you get the access link, you are free to share it with friends if you'd like, but I will update the key from time to time and post a new key on my Patreon page only to subscribers. So you can make your friends beg you for the new link :). But keep in mind that the application is really resource intensive and expensive to host as it's scanning through many gigabytes of data on every filter change. So I would ask you to not publish the access link on any online forums, the application can become unusable until the next key change. + +Currently, you can inspect the following blockchain miners with the application; + +\- Bitcoin + +\- Ethereum + +\- Stellar + +\- Avax + +\- Matic + +\- Cosmos + +\- Cardano + +\- Polkadot + +\- Algorand + +\- Solana + +\- Hedera + +\- Elrond + +\- Filecoin + +\- Theta + +\- Helium + +\- Monero + +\- IOTA + +\- Flow + +\- EOS + +\- The Graph + +\- Loopring + +\- Arweave + +\- Kadena + +\- Digibytes + +\- Ergo + +\- Nervos network + +\- Vechain + +\- WAX + +\- Internet Computer(IC) + +\- Dogecoin + +\- Litecoin + +\- Nano + +If you'd like to suggest a new blockchain repository or use the tool for inspecting a repository you have, please get in contact with me through Patreon! + +Cheers! +>[Dollar Tree](https://www.cnbc.com/quotes/?symbol=DLTR) just signaled for a disappointing holiday earnings quarter thanks to U.S.-China trade war tariffs, sending its shares cratering on Tuesday. +> +>**The discount retailer said the tariffs slapped on Chinese imports will add $19 million, or 6 cents per share, to its costs of goods for the fourth quarter of 2019.** +> +>**The company now sees fourth quarter earnings per share in a range between $1.70 and $1.80. This is well below analysts expectations of $2.02 per share, according to Refinitiv.** +> +>“The decrease from prior implied fourth quarter guidance represents the expected effects of...the continued uncertainty regarding trade and the related tariffs,” the company said in a release. +> +>As a part of a prolonged trade war, the U.S. and China have engaged in a tit-for-tat tariff conflct for over a year. These tariffs have pressured retailers with large amounts of imported goods from China. **It is yet unclear if both sides will reach a compromise before Dec. 15, when new U.S. tariffs on Chinese goods are set to kick in.** + +&#x200B; + +[CNBC](https://www.cnbc.com/2019/11/26/dollar-tree-shares-tank-13percent-after-discount-retailer-cuts-forecast-blaming-tariffs.html), [DLTR stock price](https://finance.yahoo.com/quote/DLTR?p=DLTR) +With the option of a 401k , IRA, HSA there is a substantial amount you can save (tax advantaged ) a year. As the title says at what salary can you realistically max them out and live a decent life style. And what ~$ left do you have as disposable income? + +I know there are a lot of unknowns and assumptions that can be made, but assuming "regular/frugal" expenses. + +Bonus- 2 people married/couple whatever. Is it simply double or can you get away with less? + +Thanks ! +Ok so I’m nowhere near rich or financially free but I’m 100 times ahead of where I was 2 years ago. + +So to give y’all some background I’m 31 with a wife and 3 kids. We had the same issues a lot of people express here, paycheck to paycheck, debt racked up, student loans, etc. both of us would worked but still found ourselves just squeaking by we both worked for Amazon 😒 at one point while I worked another full time Job during the day. + +On a good year we would clear 52k but for the most part we’d be under that. I was tired of the same lifestyle and felt like I’d never be able to provide well enough for my family. One day after a good sales bonus my wife and I decided it was time for a change, either she goes back to school to get a quick new career or I did. I looked into welding, pipe fitting, even radiation tech. Nothing felt like it was quick enough or worth the starting pay afterwards. I never considered a cdl because I felt I’ve done way too many driving jobs and wanted an actual “career.” so just for the hell of it I spoke to a food service driver (Sysco, us foods, etc) and he told me about the pay $26 an hour to start and overtime out the wazoo. I couldn’t believe it at first but said fuck it and looked up a cdl school near me. + +Some schools were charging up to 10k for a cdl, a community college had it for around $6k and I thought to myself there has to be a cheaper way to do this. Some places Ofer the training but give a crappy wage. + +So I read up on the requirements for a cdl and noticed that all I need is: + +1. Study for your permit(a computer test) +2. Train in a truck(find a local guy) +3. Take the driving portion of the test + +I downloaded cdl testing app on my phone, studied with my wife for a few days, ran a couple practice test, and headed to my dmv to get my permit. + +Once I had my permit in hand I looked up local driving schools that just rent you the truck, and instructor for a set number of hours. I ended up paying $1200 for 8 hours of training and a truck to test in at the dmv. I learned all the inspection requirements, and the maneuvers that you get tested for. Now for some driving a truck seems impossible but honestly once you get used to it it’s easy peazy. I started for a local food service provider making almost $29 an hour after my incentives. + +The part that sets a cdl apart from other drivers is the freight, yeah you could bump docks all day but the more you have to touch the freight you haul the more you get paid. I work for a soda distributor now and easily make over 75k year, cleared all my debt, my wife can focus on the kids, moved to a better state for us and live the best life we’ve had. + +Also I’d like to throw out a few more options for those who feel stuck but are able and willing to work physically hard to move forward, especially for those who work for fedex, Amazon or any of these huge companies that use contractors to keep pay low: + +Food service warehouse workers often work with an incentive portion for example you get a base pay of $18 an hour but the more cases you throw into a trailer you can make an additional $5-8 an hour and that gets applied to your OT rate as well so check out your local food service warehouse in your city, companies like Sysco, us foods, mcklane and so on. + +It’s hard work but if you stomach it long enough for you to find the a better path for you it’s worth it in my opinion. + +Btw it took 2 weeks to get my cdl and start a new job. +I just signed into my WF online banking account to pay off part of my credit card, and saw that the 401k account I never touch has been totally drained through a 'distribution'. It doesn't even say what date this happened, or what method was used. + +&#x200B; + +I've been passed around three departments on the phone and have had someone stop talking mid-sentence to chew their food, nobody seems terrible alarmed or concerned, and nobody can give me any 401k account information until Monday. + + +This seems insane to me. Has anyone else experienced anything like this? Anyone have advice on wtf I can do right now? +My fellow autists, I feel like the excitement of the share market has died down and we need to do something about it. It needs to be revived. We need to feel the adrenalin rush of losing money on unknown penny stocks. + +All I've been seeing lately is retarded memes about z1p and brn and I think its time we change that. + +Does anyone know a penny stock that has potential and hasn't gone up 500% yet. If you do, let us know and the most upvoted stock we all buy into it and ride to the moon 🚀🚀??? +I'm not in Sydney or NSW so it's hard for me to comprehend, but can someone explain to me what is happening on the ground? Is it just a few black sheep that is stuffing it up for the majority? +How does this effect the economy in the short to Long term. Looks like property and shares haven't really taken a hit.... Yet. +I think the Barefoot Investor’s advice, for the most part, is sound when it comes to personal finance. His advice is especially apt for someone just starting out. However, where he falls down is his advice around superannuation. I often see it mentioned in the comments and on Whirlpool; however, I could not find a thread dedicated to discussing the pros and cons of his advice in regards to superannuation. + +Basically, he recommends that you put all of your superannuation into Hostplus’s Indexed Balanced fund. Now, while it has super low fees (can’t remember off the top of my head), it’s returns are inferior when compared to a regular balanced fund. + +The purpose of this post is to start a discussion around the Barefoot Investor’s superannuation advice and, more specifically, Hostplus’s Indexed Balanced fun and possible alternatives, so that those who have read his book can make a more informed choice. + +Disclaimer: I do not work in finance; just interested in it. I am with AustralianSuper, so not against industry super funds. + + +Title says it all. I’m only 23 and haven’t bothered to learn much about the real estate market, however I’ve been thoroughly studying investing over the last 2.5 years. + +I’m now starting to learn about the extra costs in buying your own house and the numbers just don’t add up for me. Like why would you pay rates, interest, stamp duty etc etc and lose all that money and only gain a small amount in appreciation per year? + +Especially when you can buy into an ETF growing on average 9% a year paying a 4.5% dividend every quarter? + +The reason why I’m asking this question is because I’m an electrician that’s recently started working in the mines earning good money and everyone’s trying to push me into buying a house. I think they’re crazy. +Someone said it does in another recent post here. It’s one of those things that sounds like it could be right... but I thought it can’t be THAT easy to pierce the veil. So I asked my lawyer and was told “The Personal Guarantee simply means that you, individually, are financially responsible to pay the loan made to the LLC if it fails to pay the loan. It does not represent a fact that could be used against you to “pierce the corporate veil”. “ + +Thought I’d share. + +Edit: I’ll copy one of the comments here because it’s a good point and I agree with it. “Keep in mind that OP's lawyer is not your lawyer. And while I am not a lawyer, based on my research LLC law is state specific and what is grounds for piercing the veil varies from state to state.” +So my first building I spent 2 years dealing with everything and it was a huge stress, as the old landlord had left it as is for 10 years. + + + +This time I got a property manager, and over all I've saved my self weeks of work. From the tenant finding, to going to buy space heaters, replace valves, collect rent etc + +Also, my tenants had existing leases when I bought and communication is pretty complicated where going to talk in person is easier which I also don't have to do. They are new immigrants don't know the norms ex keep heater over 16c or pipes freeze. + +I don't have a car and so it would take me 2 hours each time to deal with yet another issue plus the time to go get materials to fix the issue. + + +Yes, I know they are charging labour every time but, overall 60$ for a plumbing problem vs hiring a plumber is cheaper and I don't have to go figure it out. + +If I were to do it over my mistake was ever telling my tenants my phone number, I've explained that I pay for a pm and not to contact me but they still do. + +After buying a new building I recommend it, after they have fix most issues see if you can manage it your self. +I saw a similar post a few months ago about cracking a six figure salary and thought I would share mine. I haven’t cracked the six (yet) but I am close and also extremely proud of the progress I have made over 7 years. + +For context, I was working in admin in the legal industry before shifting to HR whilst I finished the last two years of my university degree. + +Company 1: + +2015 - Legal Admin: 45k + +Company 2: + +2017 - Legal Admin: 55k + +Company 3: + +2018 - Legal Admin: 68k + +2020 - Legal Admin: 73k (increase due to performance, same role though) + +Company 4: + +2020 - Legal Admin: 76k + +2020 - Legal Admin: 78k (started early 2020 and received an increase mid-year) + +Company 5: + +2021 - HR Assistant: 68k + +2022 - Promotion to HR Coordinator: 75k + +Company 6: + +2022 - HR Advisor: 98k (finished uni, woohoo!) +Many people are still confused about the upcoming Ethereum upgrade. The Constantinople hard fork is not contentious. Exchanges are announcing support for the upgrade NOT support for other forks. Be careful there are already scams around promising airdrops or free coins. I will cover this in a video tonight & dedicate a full episode to the topic next week. +There is an academic paper written by Hendrik Bessembinder that analyzes the returns of individual U.S stocks from 1926-2016. It can be accessed here: [https://papers.ssrn.com/sol3/papers.cfm?abstract\_id=2900447](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2900447) + +In the paper he concludes that from 1926-2016: + +1. just 42.6% of common stocks have a buy-and-hold return (inclusive of reinvested dividends) that exceeds the return to holding one-month Treasury bills over the matched horizon. +2. More than half of common stocks deliver negative lifetime returns. +3. The single most frequent outcome observed for individual common stocks over their full lifetimes is a loss of 100%. +4. The 1,092 top- performing companies, slightly more than 4% of the total, account for all of the net wealth creation (returns in excess of one-month t-bills). + +Most notable statement from the paper: + +"just five firms (Exxon Mobile, Apple, Microsoft, General Electric, and International Business Machines) account for 10% of the total wealth creation. The 90 top- performing companies, slightly more than one-third of 1% of the companies that have listed common stock, collectively account for over half of the wealth creation. The 1,092 top- performing companies, slightly more than 4% of the total, account for all of the net wealth creation (returns in excess of one-month t-bills). That is, the remaining 96% of companies whose common stock has appeared in the CRSP data collectively generate lifetime dollar gains that matched gains on one-month Treasury bills." +Who was pulling the strings on multiple brokers to ban clients from buying $GME and causing panic selling as well as margin liquidations? By locking out investors, brokers took away the bid for the stock. The market makers then orchestrated a drop of 371 points, 77% with ONLY 8 million shares traded triggering multiple trading halts. It was brutal, especially, when GME only moved 10-20 points on similar volume on previous trading days. A full comprehensive investigation is necessary. Also investigators must take a close look at what happened to the options during that time. These criminals should rot in jail. + +Edit: This video shows how they brought $GME down 371 points (77%) and also how they brought down the $GME options. It’s a must see. [https://youtu.be/YKNIf2PHvf4](https://youtu.be/YKNIf2PHvf4) +There have been numerous calls to action for ORTEX to provide data and information around their reported short interest metrics. Instead of waiting for them to say no, I started looking. + +Here is how they describe their short interested offering: + +https://preview.redd.it/el7e6l4dhtw91.png?width=669&format=png&auto=webp&s=761f457a9a6c80c75672346471ab32399f73835e + +The key is intraday short data, which is difficult to source. I do not believe ORTEX has the horsepower to collect this on their own from primes and broker dealers; [LinkedIn only shows 13 employees](https://www.linkedin.com/company/ortexanalytics/) and their [last financial accounts submitted to UK regulators](https://find-and-update.company-information.service.gov.uk/company/11033216/filing-history) lists the average number of employees over the last two years at 3 🤔 + +Instead, they must source it from third parties, and ORTEX posts their partners on their front page: + +[Source: https:\/\/public.ortex.com\/](https://preview.redd.it/ndhtf7gvftw91.png?width=775&format=png&auto=webp&s=bb4ac40f8c6737aed5a97c09bf7e5a9ab2404820) + +FIS is a massive global financial technology company. [https://www.fisglobal.com/](https://www.fisglobal.com/) + +Some googling led me to various product offering tear sheets, including this [Short-Side Market Data offering](https://www.gocartpay.com/-/media/fisglobal/files/PDF/product-sheet/Short-Side-Market-Data-Product-Sheet.pdf?sc_lang=en). + +https://preview.redd.it/udtjg4l5htw91.png?width=774&format=png&auto=webp&s=95053c4ea9ba445fce7b45a17752e98eddf14b43 + +FIS also has a [Securities Finance Market Data](https://www.gocartpay.com/-/media/fisglobal/files/PDF/product-sheet/Securities-Finance-Market-Data-Product-Sheet.pdf?sc_lang=en) (i.e. securities lending) offering. + +Yep, FIS must definitely be one of ORTEX's sources of short interest data. + +The other source is likely S&P Global, which has a [Securities Finance Dataset](https://www.marketplace.spglobal.com/en/datasets/securities-finance-(18)) offering. It looks very similar to FIS, including intraday data: + +https://preview.redd.it/l2p61ii2jtw91.png?width=790&format=png&auto=webp&s=f74842d6181e9733b63b0d3e8d138fc487f9c0f4 + +I believe this is another piece of the puzzle. FIS and S&P are collecting intraday short/securities lending data from prime brokers, hedge funds, broker dealers, and any other lenders who are willing to provide it (I assume for a fee). ORTEX then pays FIS and S&P for that data, and applies some kind of proprietary formula (anyone want to wager it is just an average or weighted average?), and sells it to retail. + +Next steps: see if we can find who those prime brokers, hedge funds, broker dealers, and other lenders are that provide data to FIS and S&P. +As the last of our kids leave the house, we're thinking about downsizing to a lock-and-go place, 2-3 BR. We've seen Ritz Carlton Residences in some of our frequent haunts. I'm curious what experience the folks here have had in terms of value/amenities with these properties as owners, versus a more run-of-the-mill high-end condo building. There are few RC Residences close to completion in the US (Scottsdale, Portland, Newport Beach to name a few). + +I've never owned a condo, let alone one within a 'hotel/resort'. If we wanted to spend a year overseas, can they be rented/leased to other parties, or do the covenants restrict that? If desired, can they be put in a rental pool? How does valuation float on condos in new builds versus a few years down the road? There must be some strain on the new builds these days with present interest rates/macroeconomics, so perhaps some deals to be had or coming in the next 6 months. + +Appreciate any experiences in this segment in general as well (*e.g.* Fairmont Residences). +# 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. +>"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? +** Edit: Huge downvote effort from safestar and safemoon shilling team** +This post will not be to the taste of many, i know ... +Disclaimer: I am investing in both these coins, no not trying to spread FUD to buy the dip. + +The Red flags i see: + +- SafeMoon and SafeStar are launched by same team, the team is associated with a dex launchpad and was creating some usecase, until one actually took off. (i will not name the launchpad to not give them free advertising, but i assume someone will mention their name in the comments) + +- Both are just shitcoins with no usability, not even memes, just pump and dump schemes that would drive price up due to the greater fool theory. + +- Fair launch is a big fat lie, they started by selling/giving huge amounts in private, before putting the rest on pancakeswap (these account might all be same team - split 25 address to 7-12 team member). +details: https://bscscan.com/address/0xa8736b9585a01d6dcc1b6e2fc9dc208552c34b58#tokentxns + +- Dev had to buy in, ok, i'll bite, but what about the 20 trillion still stored on the address above: +https://bscscan.com/address/0xa8736b9585a01d6dcc1b6e2fc9dc208552c34b58 + +- Unprofessional, the website went down several times, and the situation was not fixed for several days. + +- The Contract is copy/paste from Bee contract, exact same code, they just changed the supply and name etc ... Not even bothering changing the comments + +- They do not pay what they are due: +1-Community voted to list on https://whitebit.com , they asked us to pitch in, and to donate 50 BNB +The community did : https://bscscan.com/address/0x3D2e8680e6858976ad1972b21D483ce757cB9C7D +Then later while chatting with whitebit, we discover that not only the listing is not confirmed, but also that the supposed listing fee we donated was never paid (indeed funds still in account) 2- Community voted to transfer $10k worth of safemoons to the admin or mod of https://altcoinstalks.com , because he is involved since early on with the marketing of this project, and for some further promotions. The guy was never paid. + +- One of the presale whales is single handily dumping on everyone +https://bscscan.com/address/0x86b695aaa2600668cec754c7827357626b188054#tokentxns +(I suspect this account belong to dev, because a spam on this account mention poocoin, then the dev pin the poocoin in one of the groups just for fun) + +- Safemoon run it course, the same team launching SafeStar common ... +check link same team same code ? > +https://tokensniffer.com/compare?id1=0x3c00f8fcc8791fa78daa4a480095ec7d475781e2&id2=0x8076c74c5e3f5852037f31ff0093eeb8c8add8d3 + +Why i am posting this, because this shit can ruin people's lives +see this nonsense : https://www.reddit.com/r/SafeMoon/comments/m7z4w8/the_hidden_purpose_of_safemoon/ +*Edit: Please understand this post is supposed to be ironic. The point of it is to show that the platitude of "no one can beat the market" is completely wrong, but not in a way that offers a useful portfolio allocation in itself. It is just an exposition of a counter-example in which beating the market is fairly likely. But this counter-example is not necessarily a good / bad thing to do. It is pretty much equivalent to the market itself.* + +I've heard it time and time again. It is very hard to outperform the index, or even worse, "no one has outperformed the index" even though there are numerous examples where this is false. + +So I have for you a way to outperform an index, let's say the SP500, with a 78% chance. + +How does it work? Well, a google search provides that: "according to S&P Dow Jones Indices, only **22%** of the stocks in the S&P 500 outperformed the index itself from 2000 to 2020". + +So how to fail? Pick 1 stock out of the SP500 and make that your portfolio. This will not have a high success rate as you are 22% likely to win. This also shows why concentrated investors will not have a good chance of outperformance. + +However, what will win? Do the opposite approach. Create your own SP499 (of course weighted appropriately). What do I mean? + +Start with SP500 weighted accordingly. Pick 1 stock to exclude from the SP500. With this cash from the 1 stock sale, allocate the extra cash to your portfolio according to its current stock weights. Basically you will beat the SP500 if your excluded stock fails to beat the SP500. + +**Congrats, now in the future, 78% of you will be able to say that "I beat the index".** + +&#x200B; + +I know this sort of proves the ol' "hard to beat the index" adage as most investors tend to be concentrated. + +Also you would only beat the index marginally whereas the handfuls that beat the index by being concentrated would most likely crush the index. So pros and cons. We can go further down the academic rabbit hole that implies diversification but who cares... + +As for that I would say: + +I do think beating the index can be skill based rather than luck based. I don't think I have seen a good counter argument to Warren Buffett's letter, "The Superinvestors of Graham-and-Doddsville": [https://www8.gsb.columbia.edu/articles/columbia-business/superinvestors](https://www8.gsb.columbia.edu/articles/columbia-business/superinvestors) + +I do also agree with Warren that it is especially hard to beat the index when excessive fees are charged. + +EDIT: This isn't a recommendation! I'm not saying this is necessarily smart! Unless you make a side bet with someone who thinks you can't beat an index. + +TL;DR: Don't read. Nothing worthwhile. Just some thoughts. +**ALL TIMES ARE UTC (or Z) AS THIS IS THE GLOBAL AVIATION STANDARD.** + +The story starts on 15th September 2022 with N68KP (the ‘new’ Mayo Force One) leaving Teterboro NJ for Granada, Spain and then on to the remote airstrip of La Perdiz in Andalusia. Left Teterboro at 23:38 hrs UTC. Earlier in the day, N95VE (call sign WDY600) left Teterboro at about 12:50 hrs UTC for Opa Locka Executive airport, Miami FL. N95VE is NOT a Mayo Force jet and is registered to Chim Chim Aviation LLC. Will call this aircraft Chim Chim. + +[Chim Chim leaving Teterboro. The other trace is MF1 New leaving later in the day. ](https://preview.redd.it/3jayhtd0x7p91.jpg?width=2159&format=pjpg&auto=webp&s=123532d13f1944fe5384881dcb29150c4af997b1) + +MF1 (New) arrives at Granada early on 16th September. After brief stop moves to La Perdiz LEIZ. + +https://preview.redd.it/xt8tkhxax7p91.jpg?width=2160&format=pjpg&auto=webp&s=3183c9f0cf695aa8fc1ee5f715eb0a4f19d27b9d + +https://preview.redd.it/lixwmixax7p91.png?width=2160&format=png&auto=webp&s=4cb76c79e36bd5eac9d6ab2de34173d59051e25e + +&#x200B; + +Just after 10:48 hrs UTC on 16th, N650XF arrives at La Perdiz, also via Granada. Registered to Odysseus LLC. This aircraft had left Teterboro on 14th September for London Luton. Did not move on 15th and now joining MF1 New at La Perdiz. + +[N650XF Odysseus arrives from London Luton. ](https://preview.redd.it/k24qh5vpx7p91.jpg?width=2160&format=pjpg&auto=webp&s=3acdd542d02fa1198460f745d809e64179546afd) + +At about 12:20 hrs UTC on 16th, a Netjets Europe Cessna Citation 680 Latitude lands at La Perdiz. From Frankfurt Germany. By 13:25 wheels up and returns to Frankfurt. This jet will not be further discussed. It is an Uber of the skies. Prior and subsequent pattern bear no relation to this story. It delivered something, more like someone from Frankfurt. Could be PICKING UP, but this makes no sense as no activity at La Perdiz for some days before MF1 New arrived.OTOH, N650XF (see above) had just arriver from London Luton, so possible someone / something needed to go back via Frankfurt. + +https://preview.redd.it/wg7b3b43y7p91.jpg?width=2159&format=pjpg&auto=webp&s=1a5a4df9b22681240d756abb486aa9531996efbb + +This takes us to 17th Sept. We have MF1 New and N650XF on the ground at La Perdiz overnight. At about 06:30 hrs UTC our friend Chim Chim arrives from Miami Opa Locka. Via Seville Spain. (Refuel stop?). Just after 16:00 hrs UTC, both Chim Chim and N650XF (Odysseus) leave La Perdiz. Minutes apart. Chim Chim returns to Seville and Odysseus lands briefly at Malaga, Spain. Odysseus flies on to Ben Gurion airport, Tel Aviv, Israel. + +[Chim Chim arrives via Seville. Stays the day then leaves simultaneously with Odysseus, the latter going to Ben Gurion, Tel Aviv. \(Not shown\)](https://preview.redd.it/yirtbv0py7p91.jpg?width=2159&format=pjpg&auto=webp&s=2e3e5460efd3bbcff932769e147ac1df1a40363c) + +18th September 08:21 hrs UTC : Chim Chim leaves Seville, Spain for Riyadh, Saudi Arabia. At 09:42 hrs, MF1 New is seen leaving La Perdiz for Ibiza in Balearic Islands. Arrives Ibiza 10:15 and departs 14:12 hrs. \[This is too long for a simple refuel stop and the wrong direction for subsequent return to US\]. There is a reason for the Ibiza visit. From there, MF1 New returns to Miami International, arriving 23:29 UTC. + +[MF1 New leaves La Perdiz for Ibiza, then returns to Miami. Chim Chim to Riyadh. ](https://preview.redd.it/e0kmi29e08p91.jpg?width=1756&format=pjpg&auto=webp&s=648d60e7fbcee842aedd92f1f14631b4413dd044) + +&#x200B; + +Meanwhile, N412AL had already taken off from Miami International at about 21:20. I.e. BEFORE MF1 New landed! + +[MF1 New returns to Miami International. N421AL has already taken off for Malaga. ](https://preview.redd.it/7q0q6wfa18p91.jpg?width=1758&format=pjpg&auto=webp&s=97ea30e1eb2805a4168ec6a3db8845003cb89272) + +N421AL flies overnight arriving on 19th September at Malaga Spain 05:14 hrs UTC and taking off again 06:08 hrs. Now headed to Bateen Executive airport Abu Dhabi, arriving 12:50 hrs UTC. Meanwhile our friend Chim Chim leaves Riyadh, Saudi Arabia and flies to Dubai International arriving 14:39 hrs. + +https://preview.redd.it/zyvbui7p18p91.png?width=2160&format=png&auto=webp&s=4ce21ad562bae964d5f94e359aeee8d4bfd4f5d3 + +20th September: N421AL leaves Bateen at 12:06 hrs. Chim Chim leaves Dubai at 15:31 hrs. N421AL heads back to Malaga, Spain, and Chim Chim to Shannon airport Ireland. N421AL is at Malaga for about 1 hour before departing for Miami International. Chim Chim is at Shannon for about 45 mins before also departing for Miami International. + +https://preview.redd.it/xji9tzrw18p91.png?width=2160&format=png&auto=webp&s=5938125dfdb90ece82a9c7b21c4591088ad24f43 + +&#x200B; + +This takes us to 21st September. N421AL lands at about 05:50 hrs UTC, Chim Chim at about 08:00 hrs. By 08:21 hrs, Chim Chim is on the way to the nearby Opa Locka airport, whence it left on 17th September heading for Seville. So Chim Chim had something or someone on board that **HAD** to be delivered to Miami International. The stop was far too short for a refuel. + +[Two traces: one is N421AL \(shown in black on airport apron\) the other is Chim Chim. ](https://preview.redd.it/4naj50bc28p91.png?width=2160&format=png&auto=webp&s=c14d6088527b6078b7f1f6454b17cc21f5ebc02f) + +What about N650XF Odysseus? This jet flew from Tel Aviv to Vienna Austria on 19th September and Zurich Switzerland on 20th. No further movement. Am tracking carefully… + +Note that N421AL is the aircraft that flew to Grand Cayman on 14th September and returned to Miami International at about 00:45 hrs UTC on 16th September. Photographed by u/twentythree12 + +[https://www.reddit.com/r/Superstonk/comments/xf3e2s/well\_well\_what\_do\_we\_have\_here\_mayo\_force\_spotted/](https://www.reddit.com/r/Superstonk/comments/xf3e2s/well_well_what_do_we_have_here_mayo_force_spotted/) + +Need help from Apes who know how to use Flight Radar 24. Not so much ADSB EXCHANGE. Please DM me. +I check my MetaMask account nearly everyday just out of habit. Today I opened the app and realized I lost all of it, my account was drained. In the past transactions it said I transferred it to someone’s account at 3am last night. Keep in mind I don’t use any third party app, I don’t trade I was basically just holding onto the money for safe keeping. I’m not even sure how someone could’ve found out my account information unless MetaMask has a serious security issue. Any help would be very appreciated!! + +(PS I didn’t touch the funds, never traded with them, didn’t fall for a scam and I didn’t click on a suspicious link. ) +With bonds getting slaughtered, and stocks continuing their slow bleed, is there anything safe right now? I always thought that common sense stated that bonds were supposed to be the "safer" and less volatile investment, but it doesn't seem be the case any more. +Hi all, + +I'm debating between these two portfolios as someone in their early 20s. + +XAW ~ 70% +XIC ~ 10% +TEC ~ 20% + +OR + +XEQT ~ 70% +TEC ~ 30% + +Am I splitting hairs or is there logic in choosing one over the other? I'm currently around 90% XAW and 10% XIC but I want more tech exposure. + +Cheers. +[https://np.reddit.com/r/TrueReddit/comments/54yh7h/millennials_have_very_little_confidence_in_most/d86n0e2](https://np.reddit.com/r/TrueReddit/comments/54yh7h/millennials_have_very_little_confidence_in_most/d86n0e2) + +Poster replies to a question asking him why he states that 401(K) is unsustainable. + +Any thoughts on this? +I've come across mixed opinions when it comes to installing solar panels on your roof, from it affecting a sale of a property to them being so useful they actually start to make you money. Is there any advice for someone considering to purchase a property with then installing solar panels in the future? Is it a good financial investment? Surely trying to be a little greener can't be this hard?! +I set myself a resolution last year - go 12 months without using physical cash. No coins, no notes, no gold bullion, no cheques. I attempted to do *all* my spending on credit card, Direct Debit, and bank transfer (BACS). + +It worked! Mostly... Here's where it didn't work, and what I learned from it. + +(This is a shameless copy & paste [from my blog](https://shkspr.mobi/blog/2020/01/a-year-of-going-cashless-and-where-it-hasnt-worked/)) + +## Foreign Cash + +Went to Hong Kong and withdrew £100 in local currency. Was completely unnecessary. Everywhere took card / contactless. We didn't stray away from the tourist trail, which may have helped. Carrying cash had a mixed effect on my anxiety. I was slightly nervous about getting mugged, but that was offset by knowing we could jump into a cab if we encountered any local difficulties. + +Similarly, we went to Australia and took out the same amount of cash. We were driving in some fairly rural locations - although not the outback! - and wanted a small safety net. Again, completely unnecessary. Everything from parking meters to tiny ice-cream stands took contactless. + +Spoke at a conference in Denmark. Was only a quick visit, so didn't take cash. Tried to buy a chocolate bar and drink in the train station, but was told my card wouldn't be accepted. I wasn't sure if it was the small sum, a foreign card, or something else. Bit weird, but the rest of the trip was fine. + +Countless trips to the EU. I already had some € coins and notes. The first few times I took them - but they were never needed. Even in small bakeries my card or phone were accepted. + +## Emergency Cash + +This was a *horrific* situation. I was due in hospital to undergo a surgical procedure and the minicab driver was *screaming* at me to pay him in cash. We'd booked the night before and paid in the cab firm's app. What we hadn't realised is that they'd outsourced the job to a different firm, who'd outsourced it to yet another firm. Somewhere along the way, the driver wasn't told it was a pre-paid fare. + +We couldn't get hold of any of the firms so, reluctantly, we had to take cash out of an ATM using our credit card. We didn't have a debit card with us - because we never use it. + +The cab firm eventually gave us a refund, and the credit card company agreed not to charge us their usual extortionate interest rates for cash withdrawal. + +Lesson learned - always take a taxi which is *required* to accept card, or confirm with the driver *before* travelling. + +## Lunch + +Most of the lunch stalls near my work take card. The ones that refuse don't get my custom. + +Except for this *amazing* salad bar round the corner. I took out a couple of fivers to pay for a massive box of salad. I did ask the owner a few times if he'd consider taking card. He said the only way he could keep the price low was with minimal overheads. Considering how long the queue was to pay - which often prevented people entering the venue - I think it'd pay back quickly. But it's not my position to tell him how to run his business. + +## Cheques + +LOL! I haven't paid with a cheque in years. Annoyingly, a few companies decided to send me refunds via cheque. My bank account doesn't have any local branches. So I either had to post them off, or use my backup bank. I think I'll start having to charge a cheque-processing-fee for old-fashioned companies. + +I suspect that companies send out refunds by cheque because they *know* it's a pain. I bet lots of them go uncashed. + +## Odds and Sods + +Our local off-licence tried to charge us an [illegal card-fee](https://www.gov.uk/government/news/card-surcharge-ban-means-no-more-nasty-surprises-for-shoppers). So I walked out and left the bottles on the counter. Then reported them to Trading Standards. + +Similarly, a few places have insisted on a minimum transaction amount - this is [against the terms of most providers](https://www.mobiletransaction.org/should-you-set-a-minimum-for-card-payments/). I've either picked up some sticks of gum, or bought elsewhere. + +I received a few paper vouchers for a department store. They all had redemption codes, so I could use them online. + +All of the plumbers and electricians I dealt with either accepted card or gave me their BACS details. A couple of clicks later and they were paid. + +For group events at work, no-one wanted to deal with cash. We either transferred the money directly to whoever was organising things, or each paid separately. + +## Things I wasn't able to do + +The UK doesn't have much of a tipping culture. I used to round up the bill, or add a fiver, if I was paying cash. These days, most places have a button on the credit card terminal with a suggested gratuity amount, or a free-form entry. I resent being forced to tip, so this seems like a sensible solution. Perhaps my tips don't go directly to the staff? That's not really my problem. Does that make me an arse? + +No cash-in-hand discounts. Again, there's not much of a haggling culture in the UK. Occasionally I've been able to say "What's the best price you can do" but no money off for undeclared income. + +Donating to charity. I don't give to people in the street, and I don't put coins in buckets. The majority of my charitable spend goes via [Payroll Giving](https://www.gov.uk/payroll-giving) for tax purposes. But, most charities take contactless now. + +## Privacy + +Oh no! Someone can track my spending!!! I literally don't care. Middle-aged bloke spends too much on beer and electronic gadgets. Shock. I catch the same train to work each day. Scandal! + +Perhaps I'm being naïve. I'm not involved in anything revolutionary or seditious. I'm not buying illicit pharmaceuticals or private entertainment services. Maybe I'm complicit in bringing forth a dystopia - but I place a high value on convenience. + +Please argue in the comments about why I'm wrong. + +## Lessons + +In the UK, if you live in a city and have a credit card, it is absolutely possible to live without cash. I'm lucky that the public transport options where I've lived are modern and accept contactless. + +With the exception of an angry taxi-driver, no one has been upset that I didn't want to use cash. + +The vast majority of my transactions were via Google Pay. I waved my phone near the terminal, and the rail barriers open as if by magic. + +Foreign travel was painless - but we weren't exactly going off the beaten track. + +Tracking my own spending using [Money Dashboard](https://members.moneydashboard.com/?code=LY1WLRX1) became much easier. We can look at our household budget and quickly see where we're wasting money. + +So, could you go cashless for 2020? If not, what's stopping you? +https://www.wsj.com/articles/trump-administration-seeking-850-billion-stimulus-package-11584448802?emailToken=c4c5af9840e243f1084f26877bd21507eaEH8VtfHLEwgPVph5I+vi8VRdHIjS/xY/5+uDeQaIU5I02VbfHFs12Tp291RxziucjU5xu9X/cJWheKViK5zjd5v1ewhSF83t4LVSY1Xr5bAGLILzNJ6FWW7Gn2T0T8&reflink=article_copyURL_share +I guess I have a bad habit of comparing myself to others and not realizing often enough that people will post only their best trades...but here goes. I've been pretty diligent about putting away 10% into my 401k and $6000 into my Roth IRA for the past 3-4 years. I have nearly my annual salary saved in my 401k + Roth IRA and an additional $15k in taxable accounts. + +But it feels like I could have gotten bigger gains and had a more comfortable life if I had embraced more risk. I've read enough finance/investing book to know that it can be very difficult to outperform the market and anytime I think about choosing a stock it just feels like I'm speculating. + +Any advice? Should I just stick with the slow-and-steady index stocks or is it worth trying to learn more about picking stocks? +Hello AusFinance, + +I am still in process of getting my Australian driving license and I am baffled to see the car prices in the market. I am looking for Mazda CX-5 and the drive-away 2016 model that is being sold in the market is $28K, while the new Mazda CX-5 is $33K. This is an unexpected blow to my budget that I had set for settling in Australia. What are the reasons for such inflated car prices? Why such a meager difference in the new and the used cars? Any solution , how to financially plan buying a car, or should I drop the plan of buying the car altogether. +For some background on this situation, I'm a younger pilot in (what would currently be, thanks 2020) the prime of my career. Like many, I've been jobless for months now with very strict financial discipline to get through this insanity. The job I had prior to being furloughed was based in another state, other than the one I reside in. Am collecting unemployment from that state. I've had a checking account with JPM/Chase for nearly fifteen years from which I manage all my cash transactions. + +In the middle of September, I'm jarred awake at around 0430 by an alert from Chase warning me that there was suspicious activity on my account that requires my immediate attention. Not fully conscious, I pop open the Chase app and login to my acc- "your credentials are invalid and/or this account does not exist" + +***I'm very much awake now.*** + +I open up my email inbox on my phone to review the email that alerted me, looking for signs of possible phishing. Looks legit. I stumble over to my computer to attempt to login to Chase through a browser and am met with a similar message concerning the quantum state of my account. At this point, the little evidence I have leads me to believe I'm very likely being robbed in real time. I look back at the email again and see there's a 1-800 number attached. I quickly verify the validity of the number with the one listed on their site. It's legit. So, I give them a call. + +Once I'm connected to a human being, I explain the situation in hopes that I can get this cleared up with enough time to get back to sleep. The CSR informs me that my account is currently restricted and that I'd be transferred to their loss prevention department for further details. At this point, I'm now approaching a bit of a panic. But, I stay cool. Once I'm connected to a very cordial representative in loss prevention, I validate my account and identity. The clickity click of their keyboard eases me slightly. Just keystrokes away from resolving this. Lo, the rep's tone shifts dramatically into something fairly hostile, "Sir, your account has been restricted due to fraudulent activity. All payments associated with this account will be halted." *My rent. My insurance. My utilities.* "... Any remaining funds in this account will be sent to you via check within ten business days and the account will be closed. Chase will no longer be doing business with you now, or in the future." My ears are ringing. + +"Ma'am, I'm fairly certain that whatever fraudulent activity you're referring to might be because another person gained access to my account and I'm trying to resolve that before the issue gets worse. Why are you closing my account?" My mouth is insanely dry. + +"We have that right, sir. Do you have any further questions?" + +"Do I have any further ques- What the hell is going on?" + +She repeats her script. When asked what fraudulent activity would have violated the account, she reminds me that no explanation is needed. OK, time to get a grip on this. "So, there is a check that's being sent out with the funds from that account to my mailing address?", "Yes." I have her verify the address to again ensure that I'm not being digitally mugged. Checks out. + +*Something is wrong here.* + +I resign the idea that I'll be getting back to sleep and wait for my closest branch to open up. I drive over there with my documents to verify my identity and account, sign in at the lobby and wait. A teller calls on me and we convene at her desk. We have a friendly exchange and I briefly explain my morning to her and ask how this issue can be resolved. When pulling up my account details, she informs me that my account has been restricted, indicating that she didn't even listen to me. According to her terminal screen, she needs to call a specific number for support on the matter. She does so and certifies her ID with the person on the other end of the phone. The teller then intently listens to the call, nodding with an occasional "OK.", "Right." My eyes itch. Finally "Alright, I'll let him know. Thank you." She hangs up and turns to me with a new sharper tone, nearly verbatim recites the same patronizing poem about how my account is associated with fraudulent activity. Account closed. No more business with Chase. Check is in the mail. Good day. The rapid shift in blood pressure makes me light headed. + +Luckily, I had a check and a good chunk of cash that was able to seed a new checking account with another bank later that day. All was not lost. I spent the next 48 hours updating every account payable with this new information. Even while doing so, I'm bombarded with notifications from various services notifying me there's a problem with my payment method. This is a nightmare, but at least this can be patched quickly. The shock of the matter starts to wear off and the adrenaline crash associated with it crushes me. It's over, I'll get the money in the mail. It'll be fine. + +It's now early October. Even though I've spent every day checking my mail box for a certified parcel from Chase, sometimes twice a day, it has yet to materialize. Nearly three weeks. USPS is messed up, but this still doesn't feel right. So, I nut up and call Chase again. I fast forward through the pleasantries to get connected with their loss prevention team. Once connected, I let them know that I know the account is restricted but have yet to receive the check. "You haven't received the check?" She asks, stalling. "That's correct. I was told on \[the specific date and time\] that a check would be sent that day and would take at most ten business days to get here." She asks to place me on hold. I put the phone on speaker to wait while I make a pot of coffee. Twenty minutes crawl by before she comes back on the line and informs me that there was not a check written. + +***"Excuse me?"*** + +"Yes sir. Currently with the account being restricted, no transactions can take place on the account and that includes checks." +"But the account is closed. They told me this much nearly a month ago." +"Oh, no sir. The account is not closed, but the funds are effectively frozen." +"So, now what. How do I resolve this?" +"There are two separate direct deposits that appear to be from the state of \[State of furloughed job\] that show a possible trend of fraudulent activity." +These payments she's referring to are exactly what you think they are: unemployment insurance payments that have become the lifeblood of whatever resembles financial survival this year. Payments that I had been receiving since March. + +I'm then told that the best way to resolve this is to bring supporting documents to a branch, and have an employee submit them to their department for confirmation. I explain to her exactly what those payments are and briefly list off the exact dates those deposits were made (read from the state's website) and she confirms it. I can hear the realization of what is happening in her responses that the situation is now quite a drastic departure from one that paints a picture of a proud bank dealing with an apparently spontaneous felon. + +The next morning, I walk into a Chase branch with copies of my application for unemployment, monetary determination and complete payment history. I engage a teller to notify a manager that I need their time. The manager greets me kindly and seats me in her office. I brief her on the situation and as I move from event to event, the look on her face darkens. She already knows the punchline, but I deliver it anyway when i render the documents. We both spend some time on the phone with loss prevention who is manually reviewing the documents while we wait. One hour later, the voice on the other end of the phone asks to speak to me directly. I pick up the handset with a glove. + + +"Firstly sir, on behalf of Chase Bank I'd like to apologize to you for this event." +*Yup.* + +"Your account restriction is lifted immediately and the full amount of the account will be credited back to the account within four business days. Do you have any questions for me?" + +My first query is probing what specific state/federal regulation and/or JP Morgan Chase policy my account violated. +"None, sir." + +My second question was identifying if the state flagged the transactions and the bank responded to that flag. +"No sir, the state did not notify us of any fraudulent activity." + +"So we're clear, Chase unilaterally made this decision without any input or conference with the state?" + +"That's correct, sir." + +That's enough for me. I hand the phone back to the manager and start to pack up my things. The manager hangs up the phone after some closing words with the loss prevention associate and asks me if she can help me in any way. I think her sympathy overstepped her professional courtesy, but I gave her the benefit of the doubt and moved on. + +"No ma'am. Thank you, but I don't believe I'll be doing any business with Chase now, or in the future." +I just lost an auction for a house. Not a foreclosure auction, just a fixer upper that the seller decided to sell at auction. Top bid was $230k +10% “buyer’s fee”. My highest bid was $220k. I just got a call from the auctioneer that the bidder is looking like they won’t sign the contract and has been “unsavory to deal with”. Am i allowed to confirm the identity of this high bidder? I’m just getting a bad feeling that it could be the sellers or sellers friend bidding to get the price up. I have no justification to think that other than gut feeling, but was just curious if other people have been in this situation before. + +Also, has any ever successfully negotiated in this position? There’s identifying numbers for the bidders on the site and the next highest bidder that wasn’t me or the high bidder was only $180k +Hey everyone, this is my first tax season. I made 20k off my rentals but paid 10k in mortgages and i had a ton of misc expenses like maintenance, tools for the fixes, mortgage interest, office furniture. + +Am i going to pay taxes on the full 20k? Im sorta worried tbh. Also i have yet to find a tax person yet, not too sure if i need a special tax professional, but this is info ill take to the tax professional once i actually find someone in my area. + +Edit: i counted 22 people saying to talk to a tax professional in this post. Twenty fucking two people said the same thing, like 21 people before them didnt say it. 1) Thats pretty annoying. 2) i also mention above, in the original post, that im actively looking for one, maybe read before you repeat the same thing eight hundred times. . +**TL/DR:** + +Inspired by surveys done on GME ownership in the US and Germany, I ran a survey for Canada and combined it with another one done in June. Using u/Get-It-Got's post as a guide, my analysis suggests that the Great White North owns at least 37M shares and more likely a minimum of around 91M shares of our favorite stonk. LFG! + + +**Intro** + +CanadApe here! Y'all know Canada, right? The country where we melt our crayons, pour them over ice and freeze them on a stick before we eat them! + +I had intended to post this on my Cake Day (20 August - JACKED!), however in my patriotic pride about EBGames' redirection to gamestop.ca, I accelerated my pace to drop this today. Now I have to find another cake day post! + +Kudos to u/Get-It-Got for the original idea & brain work. In a series of surveys, and with some help from an anonymous benefactor, Get-It-Got got some great data on US ownership of GME shares. In what I think is an appropriate, yet absurdly conservative analysis, Get-It-Got's data suggests that American Apes own in excess of 160M shares of the 74.38M total outstanding. +Recently, another sage ape, u/holzbrett, ran a similar experiment for our friends in Germany. holzbrett's title "Germany owns the Boat" ostensibly meant that Germans own the float. According to holzbrett's version of Get-It-Got's survey, German investors own \~69.5M shares which is indeed the Boat! + +Thinking not to be undone, I commissioned a Google survey for Canada, only learn from Get-It-Got that u/dlegal had already done so! Since I'd already spent my GME share on the survey, I decided to let it run and see what came up. and combine the results in the end. + +I had three goals: + +1. Run my own independent survey so I could alleviate my skepticism on the reliability of the prior results. (No offense to either of Get-It-Got or Holzbrett, but this is still the internet.) +2. Add another data point to compare to the US and German results. +3. Find out where my fellow Beavers are in terms of global ownership of our favorite stock. + +**Process**My process was easy: get the raw data for Canada and follow the steps laid out by Get-it-Got. Links are included above to follow the whole process (I highly recommend it for wrinkle-gathering). Notably, I included: + + +* Adjustment for married and common law couples by removing 50% of people in those relationships. +* Making a 'conservative' estimate by capping >XXX holders to 101 shares. +* Making a 'best estimate' by distributing >XXX holders into the same categories and allocations as Get-It-Got's analysis. This method still caps XXXX holders at 1001. + +\*\* Get-It-Got said it, but I'll reinforce. the idea. The capping both at 101 and 1001, makes for *really* conservative estimates. A single XX,XXX holder would raise the estimates by at least 4x across the various surveys and increases with increasing value of XX,XXX. We know there's at least of few XX,XXX holders out there. + +Some unique aspects to Canada surveys: + +* Survey ran from 6-8 August 2021. dlegal's ran 18-29 June 2021. Not sure why it took mine far less time to hit twice the respondents, but I'll leave it for you Apes to decide if it's significant or not. +* While the survey was 18 and up, my total population includes ages 20-64 (vs. 18-65 in the other surveys). This was the easily available data at the link below. This will skew the result on the conservative side, but maybe less than about 2-3%. +* While the question appeared on both surveys, I did nothing with the 'paper handers' data. Mostly because the paper-handers are dead to me, but also because I got lazy, and it's not really relevant to the result. :) +* I didn't try to discount the couples adjustment, the numbers were astonishing enough that I didn't need to bump them up. + +**Links to prior work** + +u/Get-It-Got's survey **now with control**: [https://www.reddit.com/r/Superstonk/comments/oxjv1n/google\_survey\_update\_gme\_ownership\_w\_aapl\_control/](https://www.reddit.com/r/Superstonk/comments/oxjv1n/google_survey_update_gme_ownership_w_aapl_control/) + +u/holzbrett's survey: [https://www.reddit.com/r/Superstonk/comments/oyjjr5/google\_survey\_for\_germany\_germany\_owns\_the\_boat/](https://www.reddit.com/r/Superstonk/comments/oyjjr5/google_survey_for_germany_germany_owns_the_boat/) + +u/dlegal's survey: [https://surveys.google.com/reporting/survey?hl=en-US&survey=4dluebb6uk2lrdhatugzmxhoia](https://surveys.google.com/reporting/survey?hl=en-US&survey=4dluebb6uk2lrdhatugzmxhoia) + +**Primary Data Source** + +Broad's Survey: [https://surveys.google.com/reporting/survey?survey=2vngog4uk5pbnuw56gqljk7fvy](https://surveys.google.com/reporting/survey?survey=2vngog4uk5pbnuw56gqljk7fvy) + +**Secondary Data Sources** + +Canada population data: [https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1710000501](https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1710000501) + +Canada Married/Common Law Data 56% married, 15% Common Law: [https://www150.statcan.gc.ca/n1/daily-quotidien/190501/dq190501b-eng.htm](https://www150.statcan.gc.ca/n1/daily-quotidien/190501/dq190501b-eng.htm) + +GME Data: [https://finance.yahoo.com/quote/GME/key-statistics/](https://finance.yahoo.com/quote/GME/key-statistics/) + +**Analysis** + +I provided Conservative estimates for my (N=1001) results, dlegal's (N=501) results and the combined data. My data shows lower incidence of shareholders in the population and lower average shares per holder than dlegal's, and correlates a little better to the US and German data. However, both the Canadian results show higher % of owners in the population in Canada than the other 2 countries. Someone with a good handle on the COVID-benefits in the 3 countries might have fun with that. + + +[Conservative Results & Analysis](https://preview.redd.it/ur4nxviaalg71.png?width=1296&format=png&auto=webp&s=f62c74f714b74cf6bfb3e81c0b734d16f2f0c640) + +The combined 'best estimate' is astounding. Beavers would own more than the total issued number of shares - 123% ownership. + + +[Combined Best Estimate Results & Analysis](https://preview.redd.it/mjuhkrzhalg71.png?width=1289&format=png&auto=webp&s=f7a7cefd3cd1276af9ea930eb7814ab1bd31689d) + +**Conclusions** + +* CanadApes almost certainly own the float, probably the total outstanding. +* The number of shares sold world wide is enormous. +* Apes are great. +* SHF are fuk'd. +* We're going to the moon. + +UPDATE 1: + +- Next Steps: Over the next week, I'll compile a summary post of all the similar surveys in various countries. If more Apes want to follow the process. AUS has already piled on, see the next note! + +If MOASS drags on, I'll want to get a better survey out there. Feel free to continue the great critique and input of the process & questions here. IF we drag on, I'll pull together another survey plan to get more reliability in our numbers. If MOASS beats me to it, we'll have the real number when it unravels. + +- Aussie data: u/da_squirrel_monkey posted his version for the Aussies! Check out their post https://www.reddit.com/r/Superstonk/comments/p2bn85/ay_beavers_youve_got_a_knife_thats_a_knife_well/ +18M on the low end is still huge against the the total outstanding! + +- Google Survey: To all the Apes who felt they were missed, this was not a Reddit survey. Google handled finding the survey respondents. This was to avoid targeting a group that we know love the stock! + +- CAD/USD Exchange: u/whosStupidNow posted a few months ago about how us Beavers can maximize our tendies. Check out their post at https://www.reddit.com/r/DDintoGME/comments/mwzfg3/attention_canadian_american_apes/ + +- Edits: some formatting +If you are looking to buy in now is a horrible time. When the greed becomes insane (as it is now just look at the front page right now) you should simply wait a few days for everything to settle back down first. All I see when the market is green is posts about how we are just at the start of a bull run and Bitcoin will be millions soon and we will all be rich. But literally every time everything comes back down in a few days. +If anyone is seriously considering buying in now just wait a little while first before we get in. +But also mind you fuck me I don't know jack shit about this lmao +Relatively new to algotrading. What brokerage API, market data API, backtesting framework, etc do you use and why? + +I also have 2 follow-up questions: +1) Is it ever sensible to use a standard exchange’s (like Binance) API over a brokerage specifically designed for algotrading like IB or Alpaca? +2) Will the market data API always be a Websocket API, or are there cases where a REST API is suitable? + +Cheers +My wife is due to deliver our first child in about 6 weeks. Our only debts are the house and wife’s school loans. I have been trying to build a real savings account since we learned she got pregnant. + +Or course day care and diapers but any specifics or advice on budgeting? Anything you wish you had done with/for your children financially if you could start over? Anything you felt was a big waste of money? Don’t have any formed questions, just thinking out loud. Thanks. + +Maintaining multiple vacation homes? Fine dining every other night? Flying first class everywhere? Flashy clothes/shoes? Multiple sports cars? Monthly addition of new jewelry/luxury watches? Private school for multiple kids? + +To have all of the above comfortably would require a very sizeable nut...10-15 mil but seems a lot of us don’t aim for that. + +So what are you going to be spending on? + + +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. +A few hours ago, some dude on here made a post, predicting how low both BTC and ETH will go this market. He said, he had "a model that predicts the last 2 BTC bottom prices" and based on this model, predicted what the next bottom price will be. In the comments, he showed a lot of confidence in his complex model, because "There is a reasoning behind" it and "It's gonna happen". + +Okay, so I thought even though two data points is not really great (to be very euphemistic) and using data from those two data points to predict the same data points is, uh, not best practice, I'm curious what sort of factors they included in their model to get to their estimate. Had to be somewhat complex for them to be so convinced, right? + +Yeah, no. After eyeballing the "data", I immediately saw that the BTC "model" was: + +* 2013 bull run: bottom was roughly ATH divided by 6.5 +* 2017 bull run: bottom was roughly ATH divided by 6 +* prediction: so this time it will be ATH divided by 5.5 + +Seriously, that's the whole "model". His ETH model was even more complex: it's only based on a single data point but hey, that's more than zero I guess? There their prediction, which is calculated "applying a corrective factor (eth volatility)" is even more complex: "ETH bottom is always previous ATH divided by 12". That's maths for you! + +Someone else said in the comments "If you want to see some real math possibilities, then check out the BTC/ETH rainbow charts." - Jesus, people! It was literally created [as a joke](https://twitter.com/ercwl/status/1341061789182791683), there's no maths behind it and no, it doesn't work! + +Why am I making this post? Because if you're new-ish to crypto (or just a bit naive) and are seeing a post like that, you might think that those people probably know more than you if they make those predictions, and you might think "even if they are not precise, how can those data-driven predictions be far off?". The truth is pretty easy, however: **predictions like that are complete garbage**. Not every prediction is on the level of "complete this series of numbers" like the one above, that could be an assignment for like a fourth grader, some include more numbers and complex model specifications. But they're still complete nonsense. + +We simply don't know what will happen - maybe the economy will crash, maybe it will boom, maybe another LUNA-like fiasco will happen. Those things affect how BTC and ETH will behave. You can build a model that perfectly predicts previous ATHs or ATLs or whatever - honestly, it's very, very easy - and it doesn't help you even a bit predicting the future. + +**Long story short: all "technical analysis" is complete nonsense and you shouldn't fall for it - no matter if it's done by someone on the level of a 10-year old like the OP I am quoting or something more complex.** +I'm a regular on the forum but this is a burner account for obvious reasons. I know there are at least a couple of other senior PE / VC guys in here so hoping for their take. All other forums are dominated by grads looking for tips how to get into the industry + +I lead a local office for a mid-market PE fund. I'm happy (broadly speaking) but i've been offered a much better deal by larger house . Over the past 8 years I've developed something of an affliction....loyalty! I'm just finalising the negotiation with the other house on carry, pay etc. but I'm mostly pre-occupied by how I'm going to resign. It's clearly not a "I'm handing in my notice, have a good one" type discussion. Should I expect to keep my carry (doubt) or my co-invest (more optimistic)? + +Is there anything else I need to be aware of? How have people delivered news like this in the past? + +I appreciate this is a little off-topic, but struggling on where else to go. +(reposting bc Automod instantly deleted it, this is my 3rd time trying lmao idk why it keeps deleting. I'm deleting the article links this time to test. Maybe that's why..) + +Hello beautiful Apes! + +Sooo I heard ppl are saying Kenny moving to NYC. I doubt it because they're about to become insolvent due to their naked shorting bullshit. But hey let's check it out anyway. + +Says he's moving to 425 Park Ave. And was waiting for it to be completed before moving in. + +\-------------------------------------------- + +**"The Citadel founder’s 13,900-square-foot office floor will otherwise be awesome. The 47th floor office — roughly 680 feet in the air — has 38-foot-tall windows overlooking most of the city and Central Park.** + +**His two companies, Citadel Securities and the Citadel hedge fund, have also rented the 46th floor along with 14 others on over half the 670,080-square-foot tower."** + +\-------------------------------------------- + +**"Citadel will occupy 16 floors, including a three-story diagrid floor which contains a mezzanine on the 14th floor (with 20-foot-high ceilings overlooking the 12th floor trading area)."** + +\-------------------------------------------- + +**"The anchor tenant is billion Ken Griffin’s Citadel Enterprises hedge fund, which has leased 331,800 square feet of the 670,000 square-foot tower. Citadel will occupy 16 floors, including a three-story diagrid floor and corresponding mezzanine, as well as the penthouse office floor. "** + +\-------------------------------------------- + +Okay so let's check out 425 Park Ave!! + +As of 6/29/2021 + +[https://www.425parkave.com/media/img/availability/425\_Park-Stack-2021.06.29.pdf](https://www.425parkave.com/media/img/availability/425_Park-Stack-2021.06.29.pdf) + +The top 2 floors are still leased. + +I wonder if some ape were to call them on Monday to find out if a vacancy has opened up recently, that would be interesting to see. + +But I posted all the above because I wanted to get some eyes on the fact that this building has cameras 24/7 live feed in multiple angles and the articles tell us which specific floors are theirs. + +[https://www.425parkave.com/building/](https://www.425parkave.com/building/) + +Go to "Construction Cameras" + +Live Feed. + +Construction cam 4k lite shows the top 2 floors. + +There's so many angles and ARCHIVED FOOTAGE!!! I'm sure apes will have fun with this. + +If they're actually moving in, we should see 3MD movers shortly. +Recently, I was griping about how difficult it truly is to reach FI at an early age, and how many years of intense discipline I had to go. I just turned 26, am closing on my third property, write my PMP this weekend and have a NW close to 200k. I am comfortable with my standard of living, and love my work. My friends comment (he also follows FIRE) was a bit of a wakeup call because he's so right...if we fail at FIRE but work hard to try and get there, we still end up in a PHENOMENAL spot. Still want that FIRE, but its always nice having a gentle reminder that even TRYING is more than most do. +Whoever [gave Citadel $600m cash](https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/hg-bonds-citadel-finance-places-600m-of-notes-in-bond-market-debut-terms-62989441) now is in a world where [those bonds need 100% haircut.](https://www.businesswire.com/news/home/20210301005850/en/KBRA-Assigns-Ratings-to-Flagship-Citadel-Multi-Strategy-Hedge-Funds) + + +Speculating and extrapolating, based [on who owns BRK.A,](https://www.nasdaq.com/market-activity/stocks/brk-a/institutional-holdings) that also interacts with Citadel we get this list: + +BofA 908 shares ($397M) + +UBS 858 shares ($375M) + +Morgan Stanley 609 shares ($266M) + +BNY Mellon 346 shares ($151M) + +Wells Fargo 253 shares (sold 157 for some reason) ($110M) + +&nbsp; + +Today = $504k AH, Yesterday = $661k per share AH. + + +&nbsp; + + +Making it worth to each of these possible institutions: + + + +BofA 908 shares ($457M today AH, $600M value yesterday) so a $60-$203M jump in book value. + +UBS 858 shares ($430M today, $567M yesterday AH) a $55M-$192M Jump in book value. + +Morgan Stanley 609 shares ($307M today, $404M yesterday) a $41m-$138M jump. + +BNY Mellon 346 shares ($174M today, $230M yesterday) a $20-80M jump. + +Wells Fargo 253 shares ($128M, $168M respectively) +A $18-$58M jump. + + +Making just between the known entities Citadel works with. There was a net gain $194M in value this AH and $671M yesterday AH. + +Curious that Citadel got [$600m a few months ago.](https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/hg-bonds-citadel-finance-places-600m-of-notes-in-bond-market-debut-terms-62989441) + + +&nbsp; + + +So yeah, it could be [new haircut requirements](https://www.reddit.com/r/Superstonk/comments/qfona1/dtc_updates_collateral_haircut_100_haircut_means/) causing BRK.A to jump due to Citadel bonds no longer meeting collateral as the are BBB. +Long story short, we ordered a table set from them. It didn't arrive complete and eventually the chairs were out of stock, so we returned it. My husband has confirmation of this. They didn't refund anything, so he inquired. They said because he had a chargeback open (this has dragged on for nearly three months now), they couldn't refund him. He canceled it against my warnings that this was not for him to solve. Now it's been weeks since we returned the items and they won't refund us at all or get in touch with us about it. It's like a scam company or something. I've never seen anything like it. + +Are we totally screwed since he canceled the chargeback (ARGH, no need to lecture me, I WARNED HIM NOT TO DO THIS...he says he was desperate and just wanted the money)? He can't reopen it. But there has to be some recourse here. They are literally holding on to OUR money. Is there anything? + +Also, never, EVER order from [Overstock.com](https://Overstock.com). + +EDIT! + +I was not clear in writing this initially. + +We DID deal with Overstock for a month before doing the chargeback. OMG, what a dick move to not even deal with the vendor first. That's not how I roll at all. + +We paid with a credit card. I don't approach chargebacks as a way to get free shit. We just wanted the table we ordered, and they were not being responsive or helpful in any way, shape or form. In my mind, that's when you have to turn toward the protection of your credit card. + +Look up their reviews. My story is far from an isolated incident. + +Thanks, everyone. +Within a year I went from making 30k to 70k then losing that new job. I was pretty distraught, I have nothing besides a highschool degree and only got that job by putting nearly a decade into that company. I was panicking and came to you guys asking if I should cash in my 401k, borrow money to cover debts ect. Through advice and lurking I was convinced to stay the course and not do anything drastic. I worked as a temp at a factory and cut cost for 3 months until I was able to get my job back through arbitration. + +Things are better but now I save literally half of my income and I'm actively looking for something else. (I anticipate that HR wont take this lying down.) it was a rude awakening to realize I'm one bad break away from having to start all over again. My goal now is to never feel this sense of helplessness or dependence again. + +Anyway, you guys are a great resource and much more pragmatic than others subs Ive seen. Thanks for being here. +*Obvious caveat that the appropriate answer to this is "go see a trained professional".* + +I play with a number of the FI / how long will your nest egg last calcs, ranging from Fidelity to PersonalCapital to cFIREsim, and I always get somewhat different results, to the point where I question how they all ingest the same data but produce conflicting result and which to trust, or if they have glaring holes like not taking taxes into account fully. + +I'm well past the 25 x expense, so figure have the basic stuff done, but recent events make this much more 'hm, well what about now?': I've been fussing with when to pull the trigger on the RE part for some time, and was just RIF'ed with a decent package on Friday, so is top of mind today. + +While I need to, and will, sit down with a proper advisor, just wondering over weekend and early part of next week while I ponder, are there any of these calculators FIRE folks trust or recommend over others? +IMO It’s easy to hold X or XX shares through 1k, and even 10k, since the total money you’re getting isn’t going to set you up for a lavish retirement or anything, maybe just a couple years worth of expenses. + +The XX apes will still have to work the rest of their lives with even an extra million (700k after taxes), so might as well hodl. + +However, for the XXX apes and above, 10k a share basically means you can retire and just live off of interest for the rest of your life. + +The incentive to sell is much stronger here. I think many XXX apes will be tempted to dump all their shares at around 10k. + +However we have to remember that every price will be reached twice. Once on the way up, and again on the way down. + +So for you XXX apes and above, please try to imagine what an X or XX ape is going through, and how much they need to retire as well. You will always get to sell at your price on the way down + +Tldr: sell on the way down, after the peak + +🚀🚀🚀 +https://www.cnbc.com/2020/03/09/dow-futures-fall-200-points-following-markets-worst-day-since-financial-crisis.html + +The Dow Jones Industrial Average traded 737 points higher, or 3.1%. The S&P 500 climbed 2.8% while the Nasdaq Composite advanced 2.6%. + +Exxon Mobil and Chevron led the way higher for the Dow, climbing 8.9% and 6.4%, respectively. Energy was the best-performing sector in the S&P 500, gaining about 6%. Marathon Oil was the biggest advancer in the broad index, trading 24% higher. +I am an absolute noob and have completed some of the classes already but rest of it like brokers info and margins and etc. Is so boring! + Did you complete the whole school at once and do you think it's worth to learn EVERYTHING from it? How did you focus for so long time? I am so lost in all this info.. Which classes is it OK to skip for now ?Any advice will be appreciated +[https://www.ft.com/content/ae252310-d619-11e9-a0bd-ab8ec6435630](https://www.ft.com/content/ae252310-d619-11e9-a0bd-ab8ec6435630) + +**Article text:** + +The London Stock Exchange Group has strongly rejected the unsolicited £32bn takeover approach from Hong Kong Exchanges and Clearing, questioning whether its Asian rival can sustain its position as a “strategic gateway” to China in the long term. + +In its formal response on Friday, the LSE said its board had “fundamental concerns” about the feasibility, value and structure of the offer. + +HKEX surprised the LSE and the market earlier in the week with a cash and shares offer for the UK group worth £83.61 a share. + +The LSE — which is trying to secure its own future with the $27bn purchase of data and trading group Refinitiv — said it had been “disappointed” by HKEX’s decision to go public on Wednesday, only two days after the two sides had first met. + +“The board unanimously rejects the conditional proposal and, given its fundamental flaws, sees no merit in further engagement,” the LSE said. + +“There is no doubt that your unusual board structure and your relationship with the Hong Kong government will complicate matters. Accordingly, your assertion that implementation of a transaction would be ‘swift and certain’ is simply not credible,” the LSE added. + +HKEX is seeking to gatecrash LSE’s purchase of Refinitiv before shareholders vote on the deal at the end of the year. Many investors have backed the strategy to pivot towards data as laid out by David Schwimmer, the LSE chief executive. + +Charles Li, HKEX’s longstanding chief executive, has argued that his proposal is superior to the Refinitiv deal because it will allow the combined group to benefit from the growing links between China’s capital markets and the rest of the world. + +Hong Kong’s bid comes at a time of social upheaval in the Asian financial hub and continued convulsions over Brexit in the UK. + +The LSE also raised concerns that three-quarters of Hong Kong’s offer would be in shares, as well as the likely problems that the takeover would have in gaining approval from global regulators. “The ongoing situation in Hong Kong adds to this uncertainty.” + +The LSE added that it remained committed to its proposed acquisition of Refinitiv, with regulatory approval processes under way. + +London Stock Exchange shares were trading 2 per cent higher at £73.98 after the rejection. +Today was the launch of Vanguard Super and everyone was understandably disappointed by their high fees compared to indexed options in Industry superfunds. Although some may think Vanguard Super won’t be able to compete against other superfunds, I believe Vanguard Super to be extremely competitive for people wanting a Lifecycle Investment Strategy. + +What is a Lifecycle Investment Strategy? It is an investment option that gradually transitions to safer assets as you approach retirement. This investment option is ideal for people who wants a hands-off approach to super and not have to tinker with allocations when approaching retirement. + +So why do I think Vanguard Super’s Lifecycle is the best? Firstly, the way Vanguard Super changes its asset allocations are very different compared to other supers. Most supers set it to high growth for people age <56 and gradually adds more defensive assets until you reach age 65. Vanguard Super starts adding defensive assets at age 48 and continues to add more over time until age 82. A graph of the growth allocations over time for different superfunds is shown below: + +https://preview.redd.it/qqaokn1v7az91.png?width=940&format=png&auto=webp&s=420627afc16c584f6ae31b5060781e870f85687b + +Secondly, the total fees for Vanguard Super’s Lifecycle are the cheapest. The graphs shown below show the total fees for a super balance of $50,000/$500,000/$1,000,000. + +[Super balance: $50,000](https://preview.redd.it/rf5m4kq18az91.png?width=1379&format=png&auto=webp&s=68a0ca2b8bf7f0cc4782bba83d01da8d3e1be132) + +[Super balance: $500,000](https://preview.redd.it/4wylgmq18az91.png?width=1379&format=png&auto=webp&s=42ac1673e250fedd4ff60944f21123b95231ea47) + +[Super balance: $1,000,000](https://preview.redd.it/iwot2sa6gz6a1.png?width=918&format=png&auto=webp&s=f2aab88166447462b3bc15b5d0e18b91c6ba3f56) + +One thing to note is that defensive assets are significantly cheaper than growth assets. So, Hostplus being the 2nd cheapest for someone age 65 could be because it invests in more defensive assets. Below are graphs that show the ratio of growth (%) to total fees for a super balance of $50,000/$500,000/$1,000,000. We can now see that Hostplus now ranks 4th in value with Vanguard Super largely being on top. + +[Super balance: $50,000](https://preview.redd.it/xm05ieq68az91.png?width=940&format=png&auto=webp&s=d324113ce5c519d3c5039ef9b7ef47a1b0a35448) + +[Super balance: $500,000](https://preview.redd.it/izwzxad78az91.png?width=940&format=png&auto=webp&s=52a7d63cadcb75acf5c262196a4cd52bd82aeafd) + +[Super balance: $1,000,000](https://preview.redd.it/7azg0t79gz6a1.png?width=913&format=png&auto=webp&s=708e00e80d5c3fd7601f5b1df69927f24e2e51aa) + +For people who are age <40-50 and/or are fine with tinkering their allocations, using indexed investment options from Industry superfunds would still be more cost effective. But for those who a Lifecycle Investment Strategy would appeal to, Vanguard Super would be an excellent option. + +You can find the fees of indexed investment options and the graphs from this post in my spreadsheet: [https://docs.google.com/spreadsheets/d/1sR0CyX8GswPiktOrfqRloNMY-fBlzFUL/edit?usp=sharing&ouid=110868098764009992952&rtpof=true&sd=true](https://docs.google.com/spreadsheets/d/1sR0CyX8GswPiktOrfqRloNMY-fBlzFUL/edit?usp=sharing&ouid=110868098764009992952&rtpof=true&sd=true) +Back in the early days of Bitcoin, around the time when alts started popping up, many users spent time in the Bitcointalk forum, perhaps many still do. The value was hovering around $100-300 and just as we are now, everyone was excited about the future! + +One comment reply that has always stuck with me, and one I have used countless times in the 8 years since I first heard it, was “Remember, one day a Bitcoin will be worth $50,000.” It was said with such conviction and authority that I haven’t been able to forget it. + +Perhaps you’re reading this now? + +Today we are on the cusp of that prediction coming true, and though it felt like a certainty back then. I want to say thank you. + +Thank you to that person for giving me the ground work to build upon with my own Bitcoin journey. Thank you for instilling confidence in me that I could share with others. Thanks for being the first person to open the door for me and show me the true meaning, value and potential of Bitcoin. I won’t ever forget it and hope you’re doing very well in life. +If someone tells you something is a "collectible" and therefore a good purchase, never buy it with the intention of selling it for more or even getting your money back. + +I was cleaning out the closet this weekend and just said fuck it to holding on to all these beanie babies, baseball cards (from 80s and 90s worth absolutely nothing) and other worthless trinkets. The only thing that seems to have kept its value is the silver coins and pokemon cards but then again....had I put this money into the stock market it would be 20x the value. During my youth, I put ALL of my money into the above categories and zero into stocks. I only started investing when I was 18. + +If anyone has kids, make sure you teach them where to put their money for investments and to avoid at all costs anything that is sold as being a "collectible". Funko pops or whatever they're called, tell your kids to stay the hell away from those especially if they're talking about investing their money. +There seems to be a lot of interest in stocks from young investors. I imagine that many will make their way from WSB to this sub because WSB is a bunch of monkeys flinging poo. You may have lost some money and now you want to explore stocks from less of a Meme and emotional perspective. + +There is nothing wrong with Meme stocks. Meme stocks can be fun. I have had fun with it. I am also a 42-year-old man with rental properties, commercial properties, and a few small businesses. BB, NOK, AMC, and even GME are all fine. The DD is fine behind all of them. The issue is that if I lose $1,000 then I can write myself a check from one of my businesses for $10,000 to make myself feel better. That is not a brag...it is simply sharing that people come from different places in life. + +You are just starting off life and probably have far fewer resources and every dollar matters more. + +I challenge anyone to CMV but I am not a big proponent of stocks as a core investment strategy. Here are my reasons why. + +1. Information has a time-decay of value. Meaning that information becomes less valuable over time. Data is what is mined to often produce new Information. You are at a disadvantage when it comes to both data and information. The information that you get on a retail level has already lost much of its value. This is where the saying "if you read it in the news you are already too late" +2. You have no power. You simply cannot compete with whales and whales don't become whales by letting people glean the crumbs that are leftover. They have the power to move markets, you don't. +3. You have no control over outcomes. You have no control over the success of a company. You have no control over other investors. You have no control over anything. +4. The odds on options are not that great. Even compared to blackjack our betting the outside of a roulette table they are just not that good. +5. Many people that are far more intelligent than you are, lose money at stock investing. +6. Your emotions and FOMO will be a hindrance and problematic. +7. Most stock investors are too young to understand the market cycles + +I like stocks as a small part of an overall investment strategy for young people for the following reasons. + +1. Time is valuable and you have the most time +2. Compound interest is the "force" behind all investing and compound interest compliments the stock market very well +3. Certain strategies can complement long-term wealth building + +Building wealth through stocks is like trying to build a house one brick at a time...just you, and you are gathering the straw, digging the mud, and pressing each brick by hand. When it rains many of your bricks will wash away. If the sun shines for enough days then you will make good progress. + +The problem is that all markets cycle. The housing market cycles. Petroleum and natural gas cycles. The stock market cycles. I believe that a full market cycle is around 18 years with around 7-12 years in an up cycle and 6-11 in a down cycle. In the stock market, they call these bull and bear markets. We are currently in one of the longest bull markets on record due to interest rates and the feds printing money. No one has a crystal ball but sooner or later the market will peak. When this happens Boomers will be the first to pull money out and put it into bonds or CDs. Boomers are as big of a whale as retail can get. Anyone and I mean anyone could have made money in the current market. If ten years ago you had asked a five-year-old to pick five of their favorite things and invested in their choices you would have made money. That could be Barbies, YouTube, Pizza, Sprite, and their Dog. They would have made money on any stocks you picked around those five things. + +There will come a day sooner or later when Boomers and GenX will see trends in the market that they don't like. Boomers own multiple houses and are deep into retirement. GenX is a small but powerful generation that is now on the back Nine Holes of life. Gen X will largely inherit the wealth of the Boomers. There will come a shift towards mitigating losses and that shift is not far away. When they move their money from markets so goes the market. + +Is it fair to say that one of the longest bull cycles on record could transition to one of the longest bear cycles? + +Let's look at Millenials...a generation that is struggling to just buy a home. Boomers own a few. GenX may own a couple and Millenials that are now entering into their forties struggle with one. Millenials are a massively sized generation that I believe is now bigger than both GenX and Boomers combined because Boomers are dying at a rapid pace. Millenials are the generation that were adults starting life and careers in 2008 and full-blown families with Covid-19. Maybe one of the unluckiest generations. + +GenZ is this very talented and intelligent generation. Y'all are creating disruptions in culture, in politics, and in Wall Street. You are savvy and demanding. Giving billionaires the finger while pissing on the front door of their mansions. + +But you need to be careful. + +Stocks are not the key to your success. They are just a single tool in your toolbox. A better tool may be early homeownership or owning a small business. Life is about options...and I am not talking about the gambling options of Wall Street. I am talking about the options of having equity in a home to adapt to economic swings. I am, talking about the options of owning a small business where your day to day decisions make you smarter and more valuable. Where you own assets that make you money. Most importantly you have control over your own destiny. + +I am not telling you not to invest in stocks. I am just telling you that it should be a limited part of your overall strategy in life. Unless someone has been through two complete cycles of the stock markets then I would take their advice with a grain of salt. + +General advice: + +1. Don't sell stocks that you have taken a loss on +2. Buy when everyone is selling and sell when everyone is buying +3. Invest in stocks with a strategy based on your knowledge and experience +4. Invest only what you can afford to lose +5. Stocks work best with time. Leave them alone +6. Be a value investor +7. Invest with a purpose + +Number seven is important. For example, I like Robotics, AI, and Automation. I like these is two specific areas....transportation and mining. I operate in the Transportation industry. I know that very soon human drivers will be eliminated and self-driving trucks will take over. Trucks will be loaded, driven, and unloaded without a single human being doing any of that work. With that will come an entire supporting industry. Tow trucks will need to be automatically dispatched when trucks break down or in accidents. AI will need to be involved in decision making. I will see these changes before I am dead and I am 42. + +I like underwater mining. Our oceans are the next frontier and the next gold rush. We have areas of sea bottom that has very little life but is rich in gasses, minerals, and thermal energy. Automation, AI, and robotics will play a huge role in underwater mining. I will see this transition start in my lifetime and I am 42. + +Beyond that, once we have machines that are capable of underwater mining then we have the basics for machines that can mine inner-system planetary objects. From nearby asteroids to the moon, to thermal energy collection closer to the sun, to Mars and beyond. The wealthiest person in existence will be the person that is able to start the first off-planet mining operation. Where there is no EPA, no taxes on land, where we are not building sub-divisions next to mines. Where we don't have to worry about the ecosystem. Where gasses and pollutants are not pollutants because there is nothing of consequence to pollute. The largest land-owners in existence will be the owner of off-world mining operations. That may not happen in my lifetime...but it may in yours. + +I like investing in Meme stocks because they are fun. But I also invest in Robotics, AI, and automation with one-single question....is this company taking humanity one-step close to automated transportation or underwater mining? I invest with a purpose. + +Sure I will grab up some value stocks every now and then. People are going to be flying more than ever in a few years. People are going to be more social than ever in a few years. Shoot Condom manufacturers are a buy right now because people will be..........you get the idea. + +The whole reason that I wrote this excessively long post is to maybe get you into thinking about your strategy....what is it? And to caution you on being "all-in" on stocks. + +Stonks don't always go up. +I currently live in a HCOL city/state and was contemplating a move south to a lower cost of living city. While my job is 100% remote, my companies headquarters are also based out of the same HCOL city I currently live. Apparently, regardless of where you work from, you still need to pay income tax from the state your company is based out of? + +While I understand the employers point of view, that the overall cost of living may be less, is this really fair because regardless of where I move, I’ll still need to pay the high state income tax from which my employer is based out of—even if the state I move to has 0% income tax? Do I have any power here? + +Edit: To add a bit more color, I currently live in MA and contemplating a move to one of the following: North/south Carolina, Texas, Tennessee or Florida. +22M HCOL $65k salary. Average monthly expenses $2.3k/mo w/ no debt. Once I build up my emergency fund to $10k I plan on working towards maxing out my 401k Basic/Roth that my company offers. This is a key strategy for my plan on building long term wealth and I know it's possible, but it seems daunting. + +This got me thinking, at what salary/age did you begin maxing out your retirement accounts? +That's only Android. If iOS, fire, smart tvs, etc are included... the total must be huge by now. How long until 20 million? Let's run some numbers. + +DL rate is 70,000/hr on android. Same on iOS. + +So let's say 100,000/hr in total... + +Let's cut that by 75% to account for launch surge. +25,000 / hr.... or 600,000 per day. + +In a full quarter, 90 days, at this rate, Disney will report 54 million subscribers!! +Imagine if you could go back in time and invest in Safemoon when its market cap was only at **$4 million**..... or throw your entire portfolio into Shiba Inu when there were only **4000 hodlers**..... Well folks, I've got a hidden gem for you. + +&#x200B; + +The markets been bleeding but this one coin has been keeping my portfolio GREEN. + +&#x200B; + +# The team is doxxed, the community is growing at a rapid speed, and marketing is on par with some of the best performing alt-coins from last year. + +&#x200B; + +We're currently consolidating between **$3-4 million** in market cap and this bad boy is primed for another leg up. Yesterday, we reached a new milestone of 4000 holders. Take into consideration that this coin is less than *2 weeks old*, so we are still very *VERY* early. + +&#x200B; + +\*This is not a play for those who are looking for a quick ~~pump & dump~~, we are building a community of diamond-hands who will hold up the foundation at every milestone. + +&#x200B; + +***4000 holders. Let that sink in.*** + +&#x200B; + +>!Imagine buying into Doge, Safemoon, Shib, Evergrow, or even Cheems at only 4000 holders.!< + +# Well, here's your chance with Green Chart. $GREEN + +&#x200B; + +Green Chart is currently on BSC, but an Ethereum bridge is currently being developed and is planned to be released this week. On top of that, our marketing influencer locked in the support of an ETH whale group on telegram. I predict the chart will go parabolic on the day of the bridge release. + +&#x200B; + +Staking is the stand-out feature for this token. Currently, it brings in **400% APY if you stake for 6 days**, and a whopping **600% APY for 30 days**. Besides the crazy returns, most of the top whales have committed to staking for 30 days. This is bullish IMO. + +&#x200B; + +I can go on and on about how bullish I am about #GreenChart, but the chart speaks for itself. + +2022 is my year and it'll be all thanks to Green Chart. I'll see you sers on the moon!!! + +&#x200B; + +[Website](https://greenchart.finance/) | [r/greenchart](https://www.reddit.com/r/greenchart/) + +**DISCLAIMER: I am invested in this project and this is not financial advice. DYOR and trade what you are willing to lose.** +https://www.reuters.com/article/us-usa-stocks/wall-street-dips-after-disappointing-forecasts-from-video-game-companies-idUSKCN1PV1EB?il=0 + +Electronic Arts Inc slid 14.4 percent after cutting its yearly revenue outlook + +Take-Two Interactive Software Inc fell 12.8 percent after its revenue forecast disappointed investors. + +Activision Blizzard Inc also fell 8.7 percent. + + +Hello all, + +My parents have essentially asked me to open and manage a vanguard stocks and shares ISA for them them (they don’t really understand stocks and shares and want me to be in charge of what investment products to buy). + +The plan: lock away some money (5figures) for around 5-10 years with £200 monthly deposits (potential for more). Both already have a SIPP managed by their friend. + +My question to you all is “what would you buy on vanguard?” + +I’m thinking life strategy 40/60 or 60/40 as they’re less risky but still a solid managed fund. But is this maybe too little risk for 10 years? + +Any advice would be appreciated! +I'm hydrated bro, well fed dude, fully stretched, showered...I don't need a break. + +If I had tuned out at any point I would have missed the story, missed the DD, not learned how fraudulent the system is. + +2022 for me will be a year of engagement. + +In 2021 I bought xxx shares, I shopped at GameStop a lot, I DRS'd 95% of my shares, I read all the DD, I watched the ticker everyday. + +In 2022 I'm going to buy more on 1/27 and 1/28, DRS to 100%, continue to shop at GameStop, and continue following Superstonk. I will also do more straight market structure research, Dave is making being a market nerd so hot right now. + +One change is that I am talking more to my family and friends about financial market structure so everyone is clear on how the system is fraudulent and how it hurts the non-rich. I will talk about GameStop within that context, so people know why I'm in invested in GME and how MOASS is only one part of play. + +Now on MOASS. I will stay for the turnaround, the stock will be going up, and I think that between the success of GameStop and DRS that MOASS is inevitable. The debate on the government stepping in is moot to me, I don't care, make them show their hand, fully call their bluff. We won't know if we don't do it. But one thing is for sure, GME is going up in the end. + +2022 is gonna be amazing for GameStop and I'm fully dedicated to sticking with the best stock in the world!!! + +Can't wait to check the ticker when I wake up at market open tomorrow. + +Happy New Year!!!! +**About Corsair Gaming** + +Corsair Gaming manufactures a variety of gaming/streaming related goods. This includes tower cases, keyboards, headsets, audio equipment, and entirely pre-built PCs. Therefore, their primary sources of revenue are derived from manufacturing hardware (rather than software). + +&#x200B; + +**Thesis** + +Given the expected growth of gaming, esports, and streaming, Corsair at its current valuation (roughly $3bn) is undervalued. I will attempt to justify this through environmental, financial, and strategical analysis. Then I will assess potential risks/threats to Corsair moving forward. + +&#x200B; + +**Overview** + +In the environmental analysis I will focus on Corsair's competitive environment. Specifically, I will review what I believe are Corsair's main competitive advantages. + +In the financial analysis I will examine historical statements, as well as address projections. I will describe why I am confident in Corsair's valuation and financial health. + +Through strategic analysis I will further illustrate Corsair's competitive advantage, and how management can execute that. Particularly, I believe Corsair's acquisition strategy offers a compelling growth story. + +Finally, I will cover common criticisms and potential vulnerabilities to Corsair's strategy/growth. + +&#x200B; + +**Environmental** + +The market for gaming components and peripherals is naturally not free of competition. Logitech, Razor, and a number of other brands offer budget and high-end components and peripherals. + +I believe, however, that Corsair has and will continue to establish consumer loyalty. Corsair (in a dated article) was among top brand loyalty for peripheral gaming brands.^(1) I was unable to find more recent information, but I believe this is indicative of Corsair being one of the most desired brands in the market. However, Corsair and other manufacturers still face pressure on things such as price point and consumer reviews, and can't rely wholly on reputation or brand name. + +The Elgato division is also incredibly successful in the creator/competitive gaming peripherals market. Elgato's range of products, like Corsair, are seen as the premium within its market. The gamer and creator segment is Corsair's fastest growing, boasting a 104% YoY revenue growth for the fourth quarter. Given the excellent reviews on Elgato's streaming hardware, I'm confident the streaming segment will continue to see growth.^(2) + +The CAGR for esports through 2026 is expected to be 20%.^(3) Given Corsair's correlation to the esports industry, this inspires confidence in growth outlooks. + +It is my belief that Corsair is well positioned within a very hot market that will continue to see growth. + +&#x200B; + +^(1) [^(https://newzoo.com/insights/articles/the-disconnect-between-brand-loyalty-and-sales-in-the-gaming-peripheral-market/)](https://newzoo.com/insights/articles/the-disconnect-between-brand-loyalty-and-sales-in-the-gaming-peripheral-market/)^(.) + +^(2) [^(https://www.elgato.com/en/stream-deck-xl)](https://www.elgato.com/en/stream-deck-xl)^(.) + +^(3) [^(https://www.globenewswire.com/news-release/2021/02/02/2167964/0/en/The-eSports-market-is-expected-to-register-a-CAGR-of-20-during-the-forecast-period-2021-2026.html#:\~:text=Filings%20Media%20Partners-,The%20eSports%20market%20is%20expected%20to%20register%20a%20CAGR%20of,the%20forecast%20period%2C%202021%2D2026)](https://www.globenewswire.com/news-release/2021/02/02/2167964/0/en/The-eSports-market-is-expected-to-register-a-CAGR-of-20-during-the-forecast-period-2021-2026.html#:~:text=Filings%20Media%20Partners-,The%20eSports%20market%20is%20expected%20to%20register%20a%20CAGR%20of,the%20forecast%20period%2C%202021%2D2026)^(.) + +&#x200B; + +**Financial** + +Corsair has seen significant and consistent revenue growth. Last year, revenue was $1.7bn, meaning the trailing price to revenue ratio is roughly 1.8, pretty reasonable for a growing company. Income was $103m, meaning the trailing price to earnings ratio is roughly 29, also reasonable given its growth prospects.^(4) + +Expectations for 2021 are $1.9bn in revenue, and income of $128m. This implies a forward revenue ratio of roughly 1.6, and a forward price to earnings ratio of roughly 23.^(5) + +In the current climate of tech, these ratios seem reasonable. Especially when considering the long-term growth outlook for demand in gaming peripherals and creator hardware. + +Corsair also has a relatively healthy balance sheet. Over the last several years, Corsair's debt to equity ratio has gotten gradually better, now at roughly 74%. This represents a significant degree of leverage, but it is encouraging to see it decreasing. + +Both Corsair's debt and interest coverage ratios are healthy, however. Free cash flow represents 52% of its debt, and their EBIT has 4.6x coverage on interest payments. Its short-term asset to short-term liability ratio is also above 1.^(6) + +Given their relatively healthy financial ratios, I think Corsair is primed to take advantage of the explosive growth in esports and gaming. + +&#x200B; + +^(4) [^(https://finance.yahoo.com/quote/CRSR/financials?p=CRSR)](https://finance.yahoo.com/quote/CRSR/financials?p=CRSR)^(.) + +^(5) [^(https://simplywall.st/stocks/us/tech/nasdaq-crsr/corsair-gaming)](https://simplywall.st/stocks/us/tech/nasdaq-crsr/corsair-gaming)^(.) + +^(6) [^(https://simplywall.st/stocks/us/tech/nasdaq-crsr/corsair-gaming)](https://simplywall.st/stocks/us/tech/nasdaq-crsr/corsair-gaming)^(.) + +&#x200B; + +**Strategic** + +Corsair's approach to acquisitions provides a healthy and sustainable growth strategy. Corsair has successfully expanded into a wide variety of components, peripherals, and accessories. They select companies for acquisition that offer a premium brand name and accompany their portfolio well. + +The acquisition of SCUF gaming (manufacturer of controllers for both PC and consoles) in December of 2019 is a perfect example of this. It is a well-known brand that is perceived as high quality, and compliments Corsair's existing line of products well. It extends Corsair's reach into gaming without overlapping its existing products. + +Integrating these divisions into existing supply chains and outsourcing manufacturing allows Corsair to maximize profitability.^(7) + +The general trust of stewardship to continue to make intelligent acquisitions is a key part of Corsair's strategy. Long-term growth is enabled through these acquisitions and expansion into gaming and esports. + +&#x200B; + +^(7) [^(https://hanweiconsulting.com/2020/09/08/a-corsair-valuation-nasdaq-crsr/)](https://hanweiconsulting.com/2020/09/08/a-corsair-valuation-nasdaq-crsr/)^(.) + +&#x200B; + +**Risks** + +Given Corsair is primarily focused on manufacturing of goods, it isn't a true tech company. This means that as it continues to scale, the operating margin will only improve slightly. + +Loyalty among consumers could be a concern, as many gamers are concerned solely with specs and don't adhere to any one brand. + +Corsair's degree of leverage could prove problematic if esports/gaming slows. + +Trust of stewardship is of great importance, given Corsair's emphasis on acquisitions to create growth. If management makes poor choices in acquisition targets, Corsair's profitability and brand name could suffer. + +&#x200B; + +**Conclusion** + +Corsair is priced low considering its growth prospects and execution within the esports/gaming industry. + +&#x200B; + +Edit: Thank you for the awards! +Link to the original Reddit thread with the link to the YouTube video within it: + +https://www.reddit.com/r/Superstonk/comments/v7yucj/virtu_ceo_to_the_extent_there_is_not_liquidity_on/ + + + +Link to another Reddit thread with part of the original video (available): + +https://www.reddit.com/r/Superstonk/comments/v7y4c9/doug_cifu_aka_the_liquidity_fairy_provides + + +Wut doin 👀? +**\*Obligatory - I am not a financial advisor and do not provide financial advice. This post should not be construed as financial advice.** + +[u/PublicServantN1](https://www.reddit.com/u/PublicServantN1/) sent me a link to this comment which was submitted to the SEC by B. Thomas on 2/10/22 for proposed rule, NSCC-2021-10. The reddit user account is brand new so I was a bit skeptical, but reviewing the comment and reading the rule language, this rule comment makes sense to me. Thank you for sending it to me, kind stranger. + +**TL;DR** My interpretation of the comment is this; Securities Finance Transactions (SFTs) will be used to obscure abusive short selling with this rule. + +I am going to copy/paste the comment. Links to the information, including how to submit your own comment will be at the bottom of the post (don't dox yourself if you're going to comment). All investors should review this information for themselves to come to their own conclusions. + +# B. Thomas NSCC-2021-10 Proposed Rule Comment + +Proposed rule change SR-NSCC-2021-010 should be disapproved under Section 19(b)(2) of the Exchange Act. + +Proposed rule change SR-NSCC-2021-010 fails to accurately fulfill the requirements of Title VIII of the Dodd- Frank Wall Street Reform and Consumer Protection Act Sections 806(e)(1)(C)(i),806(e)(1)(C)(ii), and 806(e)(1)(D). + +SR-NSCC-2021-010 Section I omits the purpose of the proposed rule change. The language from Section I, is repeated under Section II(A)(1) titled: purpose. Items (i), (ii), (iii), and (iv) in the referenced section are inaccurately represented as the purpose of the rule change. Rather, these are the privileges that will be granted to the NSCC and NSCC Members as a result of the proposed rule change. The purpose of the rule change should be described as the reason(s) that the listed privileges have been proposed and the equally distributed benefit that all market participants would gain from implementation of the rule change. However this benchmark is not achieved in the contents of the proposed rule change. It is shown that any perceived benefits are disproportionally received by select elite entities, as described herein. It is shown that the purpose is to obscure negligent risk behavior of NSCC members, and potentially even further facilitate this behavior. + +Section II(A)(1)(i) paragraph 2 sentence 1, SFTs largely do not involve the owner of securities.The lender of the securities may have the rights from the owner of the securities to lend the securities, but the lender is not typically the owner. This introduces an additional level of risk that is omitted from SR-NSCC-2021-010. In the case that the lender has legal rights to lend the securities but does not own them, the lender takes no risk in the risk-situation that they have just facilitated, the risk-situations NSCC describes in the rule change, as commented on herein. The lender has directly contributed to devaluing their customer’s asset by lending it to short sellers.The lender takes no responsibility in considering the level of risk being that the lender has nothing to lose, yet market risk is introduced twofold: 1) The lender has contributed to devaluing a customer’s portfolio, which is most likely leveraged on margin as this is common practice and therefore creates customer risk, and potentially greater market risk depending on the size of the customer 2) The lender has created an SFT in which they have no stake in the underlying investment, and are therefore detached from the SFT as an investor. In a true SFT the lender-owner believes that they will make more money from the interest of the SFT to offset any potential devaluation of the underlying from short selling, while the borrower believes the opposite. The lender-owner would not offer a SFT if it is believed that the depreciation of the asset through short selling would be greater than the interest from the SFT. In a detached SFT,this consideration is not made, the detached-lender’s only consideration is that they will receive interest on the loan. This creates a prime environment for abusive short selling, where lenders enabling the short selling take no risk and make no consideration to the risk that they are creating. + +Section II(A)(1)(i) paragraph 2 sentence 4, SFTs are only needed to provide liquidity if Market Makers have failed to operate as required. SFTs should not be justified in the name of market liquidity. SFTs should not be used to make DELIVERY on short-sales, and thereby avoid FTDs. SFTs should be used to ENTER a short sale if the short seller does not own the security(however, this itself presents risk to the market, the only way to adequately manage that risk is to require that the short-seller actually own the security. The counter-argument that, the short-seller is speculating that the security value will decrease and should not need to own the security as an investment, is not a valid rebuttal. Short-selling should be exactly as that statement indicates,which is a speculation that the value of the security will decrease to some extent. The rebuttal defends what all short selling has become today, which is abusive short selling that manipulates the value of a security to be devalued to worthless through trading techniques in no relation to the fundamentals of the security itself. It is seen that the investor would not want to own the security when practicing abusive short selling, and unnaturally creating massive market risk.This point is beyond the scope of this comment response). If SFTs are used to deliver short-sales,that means that the initial short-sale was already a naked-short, which violates SEC REG SHO.Before even entering the description of the proposed rule change, NSCC has confirmed knowledge of market corruption, securities law violations, and market manipulation. The proposed rule change would shield, and possibly further enable, these activities. + +# Capital Efficiency Opportunities + +Section II(A)(1)(i) paragraph 3 sentence 1, NSCC believes that Basel III capital and leverage requirements enacted to protect the market, hinder NSCC Members from entering SFTs. NSCC highlights the inherent risk any SFTs have on the market, by explaining that SFTs require higher capital and lower leverage requirements than normal trading. + +Section II(A)(1)(i) paragraph 3 sentence 1, NSCC believes that Basel III capital and leverage requirements enacted to protect the market, hinder NSCC Members from entering SFTs. NSCC highlights the inherent risk any SFTs have on the market, by explaining that SFTs require higher capital and lower leverage requirements than normal trading. + +Section II(A)(1)(i) paragraph 3 sentence 2, NSCC believes that the rule change will further increase the ability of NSCC Members to enter SFTs. This indicates that the rule change will make the inherent risks SFTs have on the market more prominent, through increasing SFT availability and accessibility. + +Section II(A)(1)(i) paragraph 4 sentence 4, NSCC indicates that the proposed netted balance sheet method helps NSCC Members to reduce the amount of regulatory capital required by regulatory capital requirements. This indicates that the rule change will increase the risk that NSCC Members exert of the overall market, by lowering the capital requirements to make lofty bets. + +Section II(A)(1)(i) paragraph 5 ALL, NSCC continues their profound obsession to maximize the risk in financial markets by facilitating ways for their Members to dodge regulatory capital requirements. There is no reason a securities regulation should be proposed to absolve any select participants from established capital requirements that are used to mitigate risk, other than to facilitate market corruption. These participants are the ones involved in creating the greatest market risk in the first place. + +# Fire Sale Risk Mitigation + +Section II(A)(1)(i) paragraph 10 and 11, NSCC elaborates how their Members already utilize SFTs and create great market risk. If the borrower defaults, there is a potential fire sale scenario where all owners of affected securities suffer loss. The rule change will increase the availability of SFTs to NSCC Members, even though SFTs are already a significant contributor to the underlying reason of Member defaults. This indicates that the rule change will potentially increase the level of negligent risk behavior of NSCC Members. + +Section II(A)(1)(i) paragraph 12, NSCC explains that in the event of a NSCC Member default,the NSCC will only liquidate the Net positions, and not the Gross positions of the participant.The justification is that less positions will be closed, and therefore less price impact inflicted to the affected securities. NSCC indicates that NSCC Members take such negligent risks, on such a high volume of securities, that action must be taken so that in the event of a default, the market impact is minimized. The rule change indicates no proposal to prevent the negligent risk ofMembers. Instead, the rule proposes to protect the negligent NSCC Member activity by making sure that the Member does not go bankrupt in the event of default, and has a high change to recover. Meaning, the defaulting Member will re-emerge in the market to perpetuate their negligent risk behavior. The proposed rule directly stimulates increased risk behavior by minimizing the downside to the risk-taker. In the event of a Member default, the defaulter should in no case be protected from full default, and great effort should be made to maintain the investments of unaffiliated parties of the defaulter. Per NSCC requirements, NSCC and remaining Members are responsible for the open portfolio positions of the defaulting Member.The only reason for a fire sale as a result of liquidation of the Member’s positions would be directly from NSCC’s actions to close the positions haphazardly. The rule not only further facilitates NSCC Member negligence, but it also facilitates the negligence of the NSCC itself.The rule enables the NSCC to limit their own loss as a result of Member negligence, which removes responsibility and accountability from the NSCC as an SRO to ensure that NSCC Members are following securities laws and not engaging in high risk behavior. + +# Liquidity Drain Risk Mitigation + +Section II(A)(1)(i) paragraph 13, generally the paragraph does not warrant comment, it only re-describes that NSCC Members overextend their positions and create high risk situations, which can have far reaching impact beyond the Member itself and cause market wide downturn.Section II(A)(1)(i) paragraph 13 sentence 4, if a borrower needs to re-borrow a security to deliver it to a counter party, that means that the said borrower did not own the security or have the security borrowed for the short sale. This is naked shorting and is illegal under SEC REG SHO. Illegal naked shorting activity has been referenced again in the rule proposal, and glossed over as normal market activity. + +The remainder of the proposed rule change only provides the details of the system NSCC would like to implement to further perpetuate illegal, negligent, high-risk behavior of its Members. As described up to this point, there is significant reason to disapprove this rule change. The proposal itself should be replaced with a new NSCC rule change proposal as to how NSCC will reduce the vast market risk imposed by NSCC Members, to possibly include considerations such as: increase capital requirements, NSCC defaulting Member portfolio unwinding procedures, NSCC obligations to make market participants whole from negligent NSCC Member actions, etc. + +Note, this comment has been refiled under SR-NSCC-2021-010 comment section, from originalSR-NSCC-2021-803 submission on 2/9/22, and has been minorly revised for clarity. + +**End of Comment** + +Here are supporting links to help you review this information for yourself: + +[SEC Rule Filings for NSCC-2021-10](https://www.sec.gov/rules/sro/nscc/nsccarchive/nsccarchive2021.htm#SR-NSCC-2021-010) (You can submit comments to the rule on this page as well by clicking the "submit comments" link. Comment period is reopened) + +[Comment Page for Proposed NSCC-2021-10 (including the above comment by B. Thomas)](https://www.sec.gov/comments/sr-nscc-2021-010/srnscc2021010.htm) + +[DTCC Learning Center: Securities Financing (SFT) Clearing](https://dtcclearning.com/products-and-services/equities-clearing/sft-clearing.html) + +[u/JustBeingPunny](https://www.reddit.com/u/JustBeingPunny/) originally called out this SFT system as "another way to f\*ck retail" about 2 months ago [here](https://www.reddit.com/r/Superstonk/comments/r3pjfx/the_nscc_are_trying_to_set_up_the_securities/?utm_source=share&utm_medium=web2x&context=3). + +EDIT 1: Whole bunch of formatting issues popped up +Think about it. This guy turned a dying company into a fast-growing, customer-loving e-commerce business. Now he's gonna do it with his favorite company as a boy and one that has the MOASS built into it. + +He is 35... Tycoon. Will be known by every house like Elon. +Hello! My fiance and I purchased a condo in a popular vacation area with a strong Airbnb and rental history - we are finishing renovating it with the intention of putting it on airbnb in the Summer and mid term rentals in the Winter (this area is popular for people to build their dream homes, so 4-5 month renters are common). + +We purchased this about 6 months ago at 129k and since then the neighboring units of the same floorplan have been selling at 189k-195k. I am very new to the real estate investing game, and have read a bit on BRRR, HELOCs, etc but am still unsure how this could benefit us. + +My question is, could we get some sort of equity loan based on the new valuations/comps in our condo community, and then use that to purchase another investment property? + +I'd appreciate any advice, thank you! +So this is my understanding, let's say hypothetically I put 20% down on a 265k house (my area is low COL/San Antonio). Boom, 52k out of my pocket. Now from my understanding the REAL value in real estate is having the renter pay off my mortgage (so paying for the cash in full and renting it out isn't the move from what I understand). + +So assuming I can get a near 3% interest rate, I am looking at about 1417 a month in expenses between: + +Insurance and property taxes (fairly high in Texas) + +The market here seems a bit odd in terms of how much I CAN rent out this house for but let's say conservatively I find a renter for 2k a month. I net nearly 600$ monthly. That comes out to around 7200 a year; of which, I should set aside 1% for repairs, which nets me 4550 in profit annually. + +Factor in appreciation of the home at 3% annually and that's another 7950$ in profit (unrealized gain/not paid out like a dividend). + +My only mental blocks here are trying to see the forest for the trees. Essentially, in my head I am taking on a liability or rather, an obligation, of owing the bank 1400$ a month, which causes me anxiety to think I am in debt/have to fulfill that obligation. That said, I do not know how hard it is to get a tenant, how often repairs (especially expensive ones occur), and how to "pad" this burden from suffocating me. + +Edit: Also, is the profit/benefit of real estate only apparent like 20 years later? I ask because it seems like a difficult asset to liquidate assuming much of the profit is in the holding of said property itself. + +**TLDR; I have limited knowledge and struggle to understand if it is worth it to do real estate when factoring risk/obligation to reward/profit margin and would appreciate clarification.** +[Options Calculator](https://www.optionsprofitcalculator.com/) + +If you like options, this is such a useful tool. Let's say you want to get on the TSLA hype and buy some short term calls. You enter the ticker symbol, select the date, and the option you want to buy. It'll tell you when you start making/losing money. For this one I selected a long call that expires 10/30 and is just barely under the stock price. + +As you can see, the window for you to make money is very, very small. Different options have much bigger green areas, but this tells you that if you don't hit the prices (left) by the dates (top) that are in the green you will most likely lose your money. + +Options aren't bad, although they are a riskier. You just have to make a smart decision. Use this tool, click on the price/date you're shooting for and it will tell you how much you'll make if it hits by that date (obviously this is a snapshot in time, so numbers may get a little squishy if stock velocity changes) + +&#x200B; + +&#x200B; + +https://preview.redd.it/1obdjpkecjm51.jpg?width=825&format=pjpg&auto=webp&s=fa7035af4d746bf5103b46a73712cf735b10930c +Damnnn, happy I didnt sell at $1.50 yesterday. + +Holding it hard! + +Up 35% today, 61% this week, 154% for the month. + +Plenty of volume to buy and hold still. + +Who else is riding the SNDL rocket? + +Only a few more days above $1.00 on the market and then this gets real! + + +Hope some of you are still all about SNDL, I think the ride is just starting to head back up to last years highs! (No pun intended). + + +Happy trading Tuesday folks! + +Edit: DD another *u/-_Ven_-* worked on and posted 2 days ago! + +https://www.reddit.com/r/wallstreetbets/comments/lehg4a/sndl_dd_2621/ + +EDIT: Thanks for all the love folks! Stoked to hear theres a lot of us in hard on the jolly green rocket! +(ps. I am not a financial advisor, nor should my words be taken as such. I am simply a below average, redditor). +I don’t know much about mortgage rates so if someone could fill me in that’s great. + +My main question is this: + +People are warning that interest rates are going to continue to rise and affect people that bought houses, but isn’t that what fixed rates are for? If they lock their mortgage rate, they won’t be affected right? +I have the feeling deep in my autism that the federal student will end catastrophically and that means there is likely money to be made. I need help betting against the success of student debt. Is there something like debt futures or something I can take part in? Maybe just buy PUTS on the federal department of education maybe? I'm prepared to YOLO every on Sebulba! +Hello everyone, + +I am an urban planner who just started my career. I recently became aware of rural land flipping and am super intrigued. What is confusing me is the multitude of expensive online courses. + +I am getting familiar with zoning and subdivisions through my training. I would like some advice on how to approach this whole thing and how to dip in. + [https://www.cnn.com/2019/12/20/business/us-steel-mill-closing/index.html](https://www.cnn.com/2019/12/20/business/us-steel-mill-closing/index.html) + +Is this the result of bad management or something else (ie. trade war, slowing economy)? + + +Twitter's new owner Elon Musk, who is also CEO of electric vehicle maker [Tesla](https://www.cnbc.com/quotes/TSLA/) and U.S. defense contractor SpaceX, told employees of the social media business on Thursday that he recently sold shares of Tesla to "save Twitter." + +He made the remarks during an all-hands meeting that he hosted in part to motivate Twitter employees who remain after sweeping layoffs to work hard. Musk let go of about half of Twitter employees following his acquisition of the company for $44 billion, or $54.20 per share. + +[As CNBC previously reported,](https://www.cnbc.com/elon-musk/) to finance his portion of that take-private deal, last week Musk sold at least another $3.95 billion worth of [Tesla](https://www.cnbc.com/quotes/TSLA/) stock. According to filings with the Securities and Exchange Commission published Tuesday, the batch of shares he just sold amounted to 19.5 million more shares of Tesla. + +Earlier this year, he also sold over $8 billion worth of Tesla stock in April and roughly $7 billion worth in August. + +Musk has [brought in employees from Tesla](https://www.cnbc.com/2022/10/31/elon-musk-has-pulled-more-than-50-tesla-engineers-into-twitter.html), including dozens of Autopilot engineers, to help with code review and other work at Twitter along with friends, financial backers and deputies from other companies that he has co-founded. + + + +Among other things, [Musk wants Twitter to generate half of its revenue from Twitter Blue subscribers](https://www.cnbc.com/2022/11/10/read-elon-musks-first-email-to-all-twitter-employees.html), and to become less reliant on advertising revenue. + +Musk’s Twitter distraction has shaken some of Tesla’s most stalwart bulls. For example, [CNBC Pro reported](https://www.cnbc.com/2022/11/10/wedbush-removes-tesla-from-its-top-stocks-list-says-twitter-deal-an-albatross.html), Wedbush Securities has removed Tesla from its top stock list. The firm has called Musk’s Twitter deal a “train wreck disaster,” saying the celebrity CEO has “tarnished” the Tesla story and created an “agonizing cycle” for shareholders to navigate. +First they wanted $15 dollars an hour and now that they get it they want $25 dollars an hour. Once they get that they will want $35 dollars per hour. The cost of living goes up with the wages. The grocery store/landlord/etc heard minimum wage went up and said ok they got more money we can raise prices even more. Keep chasing the carrot, keep swimming up hill with fiat currency. Bitcoiners float downstream and the carrot walks towards us. +I'm creating this poll on [carlslarson](https://www.reddit.com/user/carlslarson) suggestion. + +I was really enjoying the creativity being shown by [shouldbdan](https://www.reddit.com/user/shouldbdan) with the banner space in the last few weeks. It was fun, silly and captured what was going on the space. I suspected what is happening now would happen sooner or later. Which is using the banner for personal advertisement. + +I personally really dislike it. I come here for pretty much any reason except advertising and believe if purchasing the banner remains it should be without advertisement otherwise I would prefer the banner to go back to the way it was. That's just me though so I've created this poll. What do you think? + +&#x200B; + +[View Poll](https://www.reddit.com/poll/adoq1x) +Hello, im a college student and recently applied for a credit card at my bank. However, today I received a letter in the mail stating a was not approved for a credit card because I had delinquent activities towards my bank. + +I've never taken out a credit card before so that only leaves my parents who would know all of my information to take out loans. + +After confronting them they admitted to having taken loans out in my name and never paying them back but said they would be willing to help me in recovering my credit. + +How do I fix my credit and is there a way of doing that without pointing fingers at my parents and causing them trouble? + +Thank you + +EDIT: Thank you all for you words of advice + +Please note that I love my parents very much, they have helped me in every possible aspect of my being, and I still depend on them on a daily basis. While I understand what they did is illegal and has screwed me over I do not plan on throwing them under the bus like they did to me. + +After speaking to them they seemed very remorseful and admitted to not being in an economically stable position and were pulling at straws. The situation makes me mad that the only reason I found out was because of I wanted a credit card and not by their own words. Fortunately, they agreed to pay whatever they owe back and to build up my credit. While this may sound stupid I subtly hinted I do want to resort to getting the authorities involved. We will be looking into fixing my credit, it was at a 670 according to the letter my bank sent me so hopefully it isn't so bad. + +Again, thank you all for your advice. + +Short and simple, the shilly-FUD we’ve seen that is anti-purple circle narrative is trying to denigrate the apes who are excitedly DRSing their hard earned GME shares. We are fucking killing it and we should be proud of our purple donuts. + +APES STRONG TOGETHER + +We know the DD, our tits are heavily jacked, wife’s boyfriends are happy, and I love the STONK!! + +💎💜🦧 +I joined in January when they were very competitive. Just got notified they will increase *43%*. I pay about $60-70 a fortnight which will go up to $90-100. + +Is it worth shopping around at this point or are other providers doing the same? + +Here’s their spiel: + +“Demand for coal, gas and oil has increased across the globe as the COVID recovery continues, while Australia's own energy market has been suffering reliability issues. Together with the conflict in Ukraine as well as the impacts of inflation, this has created the perfect storm for a higher wholesale energy environment that is ultimately out of our control.” +As most of you are already aware the current situation with FTX is that they have made a super sketchy (and almost certainly illegal) deal with Justin Sun to finance withdrawals from FTX provided they use TRON ecosystem coins for liquidity to do so. + +This means that Justin Sun is essentially offloading coins at a premium on FTX whilst customers desperately buy into shitty liquidity and end up paying way over real market rate for TRX to get as much of their funds off FTX as possible. + + +[4000&#37; spike in tron price on FTX](https://preview.redd.it/gc4do8uxl7z91.png?width=817&format=png&auto=webp&s=7197180f60e8c704243571e846aff6ead27772b9) + +What you're looking at is a **4000%** spike in price of TRON on FTX as people desperately purchase TRON to get their funds off of FTX and Justin Sun dumps on desperate victims of the FTX ponzi scheme. + +This is what market manipulation looks like. + +Apparently the legal and compliance team for FTX quit/were fired yesterday so there isn't anyone to advise them on the shit they are doing. I am not a lawyer but this is not legal. +Whilst they are registered in the Bahamas, regulators in the US are almost certainly looking at this with wide eyes absolutely salivating at the shit show they are about to unleash on SBF and anyone that touched FTX. +I mean, I get it. Mass adoption. The Hyperbitcoinization theory. Metcalfe's law and what not. Besides, who doesn't like a bit of green on their portfolio. + +However, don't forget that banks are not here for you. They aren't here as a benevolent force of good. They just want to front run their own creative destruction. + +Remember what early Bitcoiners had to face to reach this stage of adoption, they had to fight off constant criticisms from all sides, especially the banks and their stooges. + +By all means celebrate the adoption, but also remember the roots of this entire revolution. + +Rant over. Peace out. +I have three credit cards and all of them have time-sensitive rewards from retailers. 5% off Starbucks, 10% of Gap, stuff like that. These rewards usually only last a few weeks. The trick is that you HAVE to actively sign up for them on your credit card's website. Last week I was buying a new laptop for my wife and just before clicking "Buy It Now" I went to my CC site and looked through the rewards. Low and behold, there was a $120 Dell offer. Clicked the offer, went back to Dell and received my $120 statement credit today. + +Make sure to check those rewards! + +EDIT: An additional note is these rewards are not just for rewards cards. All my cards are cash-back cards and all still offer these extra rewards. It's just a matter of clicking "Add" and you still get your 2% back. I bought the Dell laptop with my Amex cash back card. So I still get my 2%, this is additional. +I have three credit cards and all of them have time-sensitive rewards from retailers. 5% off Starbucks, 10% of Gap, stuff like that. These rewards usually only last a few weeks. The trick is that you HAVE to actively sign up for them on your credit card's website. Last week I was buying a new laptop for my wife and just before clicking "Buy It Now" I went to my CC site and looked through the rewards. Low and behold, there was a $120 Dell offer. Clicked the offer, went back to Dell and received my $120 statement credit today. + +Make sure to check those rewards! + +EDIT: An additional note is these rewards are not just for rewards cards. All my cards are cash-back cards and all still offer these extra rewards. It's just a matter of clicking "Add" and you still get your 2% back. I bought the Dell laptop with my Amex cash back card. So I still get my 2%, this is additional. +Hi Regards, + +I am just going to dive right into this one. + +For those who haven't done any reading on Archegos' use of bullet swaps, here's a little bit more info. With a regular swap, the value of the position or basket of positions is updated regularly. This value fluctuates constantly, as the value of the position/s in the bin fluctuates in the market. If the value of the position decreases too much, a margin call may be made, whereby the party who has taken out the swap must further fund their account in order to meet the margin call. This is standard operating procedure. Think about it like this: If you short a stock, you can constantly see the fluctuating value in your trading account. If the value of this position drops significantly, you may be required to post margin. This is very similar to how a traditional swap works. + +With bullet swaps, we go fully regarded. A bullet swap's value is NOT updated as time goes on. It remains at the book value posted from initial purchase. This means that the underlying positions do not have to be reviewed, and do not have to be margin called. It is no wonder this was an attractive type of swap for a firm like Archegos. In the case of a two year swap, Archegos would have up to 2 years to make the money back for the principal payment plus interest. For the high-risk trades they were making, it's probably safe to assume there could be a lot of volatility, and they would not have had to deal with margin calls along the way. After all the firm was once a darling; making SIGNIFICANT returns year over year. + +Here is why a bullet swap is completely illogical and poses a risk to the market. The underlying value of the position not being tracked means that nearly anything could happen in that multi-year period where the swap is held. Them not having to meet margin requirements creates significant risk, and there should be doubt as to whether or not any firm would be able to meet their obligations at the end of the swap agreement. Here's where it gets WORSE. You would think for a high-risk asset like a bullet swap, the premium payments might be absurdly high and/or frequent to offset the risk. You'd be wrong. + +For a bullet swap, there is typically NO initial payment upfront. There is NO monthly premium payment. The premium is paid back, plus interest, at the END of the swap agreement. Read that again. At the END. You know, the END, where there should be doubt as to whether or not the firm who's taken out the swap will even have any of the money left? Because remember, with bullet swaps, the value of the positions is not regularly tracked. + +[https://fincyclopedia.net/derivatives/b/bullet-swap](https://fincyclopedia.net/derivatives/b/bullet-swap) + +Now, it's supposedly possible for the firm on the other end of the swap (Let's call them Firm B, the counterparty, who has agreed to make the swap with Firm A, or Archegos, in this case). Firm B could take out an insurance policy or use a variety of calls or puts to hedge against the position that Firm A has taken... but this comes at a cost to them. It's possible they could pass some of this cost along, and factor it into the interest payment... but there's significant doubt as to whether they'll receive that interest payment. Why would Firm B agree to this swap? Sure, they COULD receive an interest payment... but they could also receive an interest payment from holding Bonds, or receive dividends from stock they buy into... why take on such a high-risk position? + +This last portion is speculation, but here's my thesis. I arrived at this by asking myself "Why would Firm B agree to this swap position, when they know it exposes them to significant counterparty risk?" + +The most logical answer I can think of is that they WANT to be exposed to the counterparty risk. Remember, large financial institutions have certain requirements they have to meet. They are supposed to keep a somewhat balanced portfolio. They are not supposed to gamble all on one play. They have rules and regulations to follow. But sometimes, executives might perhaps want MORE of a trade, beyond what they're allowed to have. And swaps create the near-perfect instrument allowing them to do that. Bullet swaps just make it easier. + +Picture it like this: You are Firm B. You believe so strongly in one of your short positions, that you throw everything you can at it. Let's call this short position GameStop. You and all your major banker friends have decided to short the shit out of it, and drive it into the ground. However, you're only allowed to take on so much risk.... + +But you have more money. More money you need to spend. More money you want to allocate to positions, especially this position! But it's a high-risk trade. So what could you do? Well, perhaps you could agree to a swap position with a smaller firm, and gain a small interest payment. Interest payments are typically tiny, miniscule, and look safe to regulators. But the asset class is volatile, it's a short position. So a regular swap could blow up in your trading partner, Firm A's face. Not only is that bad for them, it's also bad for you. Forcing them out of their position could end up with them having to close their short position, which would send the price up... which is also bad for you, because remember, you also have a large short position in GameStop. So you come up with a solution. Eureka! A bullet swap! This will allow them to not be margin called, and you can demand a slightly higher interest payment on your money. + +And of course, it goes without saying... the more tiny firms like Archegos that climb into bed with you, the better. They're on your team after all. The more new short positions that get opened up, the more the price of GameStop and other swapped positions declines. Which makes you more money on your own short position. And of course, as Firm B, you're not the only one doing this. You tell your friends at Firm C, D, E, and F about how easy it is, and how they can make more money, hand over fist, while helping you to push the price down... and remember, all the while making money off of "safe" interest payments. + +Buy. HODL. DRS. Less than 2 years remain. +I'm turning thirty this year. It seems early, but I'm stressed and tired every day. Need advice. + +Currently a mid-level tech exec making \~400k annually (~250k cash, ~150k options). NW is 2M but half of that is in the house which I still have a mortgage on (would have to sell and move to smaller place to fund expenses). My plan was always to work till 40 and build NW $5-10M before retiring, but I'm already exhausted. At this rate, I honestly don't know if I can last 5 more yrs. + +Wondering if others here have gone through/are going through something similar? What should I do? Do I power through next few years and get closer to FIRE value? Should I quit and find lower paying job in the meantime? I also have the option of working in my family business, but it's so out of my field not sure what value I could add. +Article: https://www.reuters.com/article/us-dynamicyield-m-a-mcdonald-s-corp/mcdonalds-to-buy-israels-dynamic-yield-idUSKCN1R62Q4 + +"McDonald’s said it would use Dynamic Yield’s technology to change its digital Drive Thru menu displays to show food based on the time of day, weather, current restaurant traffic and trending menu items. " + +It's not mentioned in the article but they will not be stopping contracts with any companies that Dynamic Yield have, and they have no plans to stop them. I imagine they might eventually pull it from immediate rivals, although maybe if Burger King (for example) were to use the McD's would know exactly what people were ordering there? + +I think the big metric to watch to see how well this works is average ticket price. The goal doesn't seem to be to drive more customers, but instead to get each customer to spend a few dollars more each trip. + +Anecdotal, but people feel more comfortable adding glutanous things to an order when they don't have to ask for it for other people to hear. If it's twenty cents to add a slice of extra cheese to a cheese burger maybe or extra sauces etc. maybe people will add more of these +I was surprised this wasn't posted as it seems pretty newsworthy, so a couple days late is better than never I guess. + +>SHANGHAI (Reuters) - **PayPal Holding Inc has become the first foreign operator with 100% control of a payment platform in China, according to Chinese government data, as the U.S. fintech giant eyes a bigger foothold in a booming market for online payments.** +> +>[**PayPal**](https://www.google.com/finance/quote/PYPL:NASDAQ) **acquired the 30% stake it doesn’t already own in China’s GoPay, formally known as Guofubao Information Technology Co., on Dec. 31, 2020**, according to shareholder data from the National Enterprise Credit Information Publicity System. +> +>**Financial details weren’t disclosed in the data. The stake purchase came a year after PayPal bought a 70% stake in GoPay for an undisclosed amount，then becoming the first foreign company licensed to provide online payment services in China.** +> +>PayPal declined to comment. +> +>**In taking full control of one of the smaller players in the world’s largest payment market, PayPal will compete with domestic payments giants Alipay, owned by Alibaba-affiliated Ant Group, and WeChat Pay, owned by Tencent Holdings Ltd, as China fully opens up its financial sector.** +> +>The stake purchase also comes amid Beijing’s antimonopoly campaign against Alibaba Group Holding Ltd and other Internet companies. +> +>Last August, PayPal appointed Hannah Qiu as head of China business, responsible for formulating long-term strategy in the world’s second-biggest economy. Qiu was a former executive at insurer Ping An Group’s fintech unit OneConnect, according to PayPal’s website. + +[Reuters](https://www.reuters.com/article/china-paypal-stake/paypal-becomes-first-foreign-firm-in-china-with-full-ownership-of-payments-business-idUSL4N2JP14M) +Don't get obsessed. Reading charts and discussion all day can become an obsessive behavior. It's fun to invest your money and look at the numbers go up, but investing too much of your time and attention and emotional value on those numbers can be detrimental to your health and behavior (which can lead to bad trading decisions when you know you should be hodling anyways). + +Try your best to recognize if you're focusing too much on this stuff, and take a step back from it if needed. Make sure you're filling your time with other things. + +It's easy to get caught up in all of this, especially if you're new to it. My girlfriend has had to tell me a few times to "quit looking at that thing" because I'm constantly opening the Coinbase app and checking the price. Over time, you place too much emotional value on these numbers and even though I'm a long term holder, the dopamine/rush you get from seeing the numbers go up but the negative feelings when seeing the numbers go down is a bad sign as well. This is my experience but I'm sure many others go through this too. + +Just throwing it out there. Best wishes! + +**Edit: I just want to clarify that I am NOT saying you shouldn't be learning, absorbing yourself and learning about Ethereum, cryptocurrencies, blockchains, etc. Learning is absolutely fantastic and I obviously encourage it as much as possible. The point I am trying to make is to keep on that track and try not to fall into the pit of obsessively looking at the numbers and basing your happiness/sadness on fluctuations of the charts. Finding yourself opening your Coinbase app every five minutes or staring at the GDAX charts for hours just to see the numbers. *That* obsession.** +Yep. You read that correctly, no this isn’t a reference to investing in your beloved stock. It’s just a message to all of you and in specific the person that really needs to hear this right now. + +WSB is a toxic community, we pride ourselves in it. It’s kind of like how when your dad says “shut up retard” what he really means is I love you son. (Well maybe he really does mean you’re retarded and wants you to shut up) + +I digress… Anyways, with a community of over 9 million users it would be almost statistically impossible that there **isnt** someone here who has lost a lot of money, has made a huge mistake whether it be from just misunderstanding, or trading on emotions and is really battling with suicidal thoughts. + +I just want to let you know that I and many others are here for you, you can message me anytime my inbox is open. Your life isn’t worth a loss of money, let me say that again. **Your life isn’t worth any amount of money.** There are people that care about you way more than they care about your money. Things will get better. You will make it through. Message me or anyone else who volunteers at any time. I for one am here to listen if you need anything. + + +Edit: I meant to say “You’re life isn’t worth taking over any amount of money.” It was late for me. + + To all of those who have reached out to help with those reaching out for help I appreciate it. + + +Also, thanks for the awards much appreciated + +Side note: Before you make large financial decisions make sure you know what you’re doing. WSB doesn’t tend to offer help to newer users as that’s not what it’s designed for. Watch some YouTube videos or subsequently check out r/wallstreetnoobs +If they say the short interest is 20%, that means 2 out of every 10 shares are shorted. + +If you remove half the shares available to trade (DRS) that means 2 out of every 5 shares are shorted. Or 40%. + +Every share that is DRS'd is one they can't short AND one they can't buy to close a short. + +I'm very interested to hear the DRS numbers from the next GME update. I don't think we'll be at the half way mark but it's moving that way. + +Mark Cuban was correct: They're plan was to never close. + +They didn't have a back up plan bc the first one had worked every time. I legitimately think Hedgies have another year of life which is fine by me. Gamestop isn't going bankrupt this year and DRS apes will lock the entire float by 2023. + +Short interest to infinity. + +Hedgies are so fucked. +Hi everyone, there's been a lot of news about Loop Insights ($MTRX.V) and I know a couple of friends who are/thinking of investing in it too, so I decided to do a little DD -- pulled out whatever data I could find about the company, had the company mail me their investor package, read/listened to company releases, and dug into it. I thought I'd share my findings and my outlook, in case this is helpful for anyone thinking of investing. + +I like Loop Insights’ mission. I like the markets in general that it’s targeting. Its technicals are often cited as a reason to shovel more and more money into the stock while it still trades in dimes. I agree there’s momentum with this one, so I’m inclined to say this is a short- to mid- term play, but there are serious concerns about its long-term prospects. As with all businesses, execution trumps ideation. This is what’s got me stuck about Loop. + +(1) Its cash burn has been somewhere near 14 million a year. That’s not how much money they raised. That's just how much they've been spending per year. For a start-up of just a couple years and one, as far as I can tell, whose products are mainly software, this screams lack of financial discipline. + +(2) Because of (1), it’s now fairly deep into negative shareholder equity territory. This means its liabilities exceed its assets. Hypothetically, if you were to liquidate the entire company, it still wouldn’t be enough to offset losses. This doesn’t usually happen, but it does forewarn about the company’s next steps in response to this situation (below). + +(3) Because of (1) and (2), it desperately needs more cash in the eight figures, which raises the possibility of doing so through more debt or equity. + +(4) I’m a little concerned about how the management’s been handling the cash burn conundrum. The CEO and COO salaries combined amount to roughly $450,000. I can’t stress how incredibly rich this is for (a) a start-up of just a couple years, (b) most of all when said start-up is this far in the red. + +It’s short-sighted and financially imprudent to siphon out half a million each year from a pre-revenue, early-stage start-up, adding more to its existing short-term cash flow stress, when it’s already well-past its cash runway and skidding on concrete. The CEO of Loop is pretty respectable, but he's a CEO in another, much larger company (Fobisuite Technologies Inc), so it reads as if Loop is just a pet project/cash cow for him (which might be why he feels sucking the cash out of Loop at such a critical time is acceptable). + +Add to this the fact that the leadership are all 50+ year old business executives, none of whom are programmers or engineers. It’s important to have in-house tech so you avoid outsourcing or commissioning as much of the heavy-lifting in early development and design as you possibly can and lower your cash burn (1). + +(5) Loop Insights only JUST filed provisional patents and trademark registries for its products (contactless solutions and contact tracing software) early this month in October ([https://www.globenewswire.com/news-release/2020/10/05/2103339/0/en/Loop-Insights-Files-Provisional-Patents-And-Trademark-Registries-For-Venue-Tracing-And-Contactless-Solution-Applications-In-Wake-Of-Growing-Demand.html](https://www.globenewswire.com/news-release/2020/10/05/2103339/0/en/Loop-Insights-Files-Provisional-Patents-And-Trademark-Registries-For-Venue-Tracing-And-Contactless-Solution-Applications-In-Wake-Of-Growing-Demand.html)). + +That’s a really slow pace, given that these are their main (and only) products and which they’ve been attempting to sell to clients for the past quarter already. Patent and trademark registries themselves also take a year or two on average to pan out, after which Loop may or may not even receive them (even barring the possibility of larger competitors blitzing the market ahead of this date). We won’t find out till 2021-2022, but **at the moment, they don’t even own the name of their products.** + +(6) It’s pre-revenue and the company’s financial data is pretty hard to find. Without an inkling about how much this company can even *sell*, let alone stand to profit, you can’t put a multiple on it or apply any kind of valuation model. The leadership has been fairly conservative as well about providing concrete projections for investors to go on. + +This problem is exacerbated by the fact that the forward guidance and market outlook that Loop does provide in the investor information package that they mail out has highly unrealistic valuations of their future market. “31.88 trillion from Brick and Mortar Retail”? “614.5 billion from Sports & Entertainment”?? “565.4billion from Casino Gaming”??? It’s cringey that these whole-market valuations are what Loop pitches to investors as its potential market, as if it could capture even a dime, let alone the full dollar, of every dollar a consumer spends on a shirt and a beer just because consumers use their payment system. + +(7) It’s fighting on too many fronts at once. It intends to create its own independent cloud server (Loop Cloud), its own payment system (Fobi), and contactless NFC reader (SmarTap). Any meaningful disruption to any of these markets could easily cost tens and hundreds of millions. To attempt to compete in all of them threatens to bleed your company dry before you even start. + +And as Apple learned in the adolescent days of Apple Pay, it’s easier, faster, and significantly less costly to collaborate and tap into an existing distribution network like Mastercard’s, especially in a saturated market – rather than compete against it. + +How would Fobi and SmarTap capture any ground from a payments systems market already dominated by big players like Mastercard, Visa, AXP, or even up-and-coming growth players like Square and PayPal? + +At this point in the game, how would Loop Cloud steal market share from an already-saturated space lorded over by Microsoft, Google, Amazon, or even young bucks like Cloudflare, Salesforce, etc? It cost Alibaba close to a billion dollars to crack the US cloud market. + +How would SmarTap add any value to retailers or consumers? It seems SmarTap has a hardware component that allows it to contact trace people and, at the moment, is being pitched to retailers and consumers. I'm not too clear on how it works, but from what I gather, the software attached to it then publishes information about what kinds of people (in terms of their exposure to previously identified hotspots) have been flowing in and out of retail stores. SmarTap seems like a pitch for government clients, not retailers or consumers. + +How would retailers benefit from adding contact tracing? Retailers benefit more from *not* having any contact tracing information about their stores published, so that consumers can give them the benefit of the doubt and still visit their stores. Ignorance is bliss. + +How could you convince consumers to use this network service? I’ve received pitches from network service startups in the past, so I know a little about this space and I can say adoption and churn rates truly can’t be underestimated (and they’re ridiculously expensive to keep low) for anything attempting to be a new network service. Don’t underestimate how hard it is to convince *more and more* people (think network effect here) to adopt a new technology/network service. Again, it'll cost an astronomical sum to gain and keep any traction in the network service space (and the payment system space and the Cloud space, let alone all of them). + +All in all, I think Loop has potential, and I congratulate anyone who’s made buck on the recent momentum. But as a long-term investment, it has an incredible amount of work cut out for it that could well take years to iron out, provided it doesn’t bleed out on the way there. Thanks for reading. + +EDIT: lol @ the snowflakes screaming shorter. Unclench. + +I have no intention to short Loop (or any company whose market cap is so small no analyst has even bothered to measure its beta). + +Everything I wrote is a publicly available fact from Yahoo Finance, Loop's own materials, and public filings. As I said, I think Loop has potential, but its poor financial health deserves attention -- and some questioning as to how it got here and where it wants to go. That's all. GLTA. +I'm curious about how closely analysts actually follow their companies, and how much time they have to spend on each. What information do they have access to that we don't? + +For example, I'm following a company involved in a patent dispute. A number of the court filings are available for public viewing. If an analyst is following this company, is it reasonable to expect they would read this type of documentation in detail, or will they only have time to focus on the financials and management presentations/quarterly commentary? + +I understand the general advice that analyst projections don't mean much, but I want to understand a little more about what they actually do. +Hi everyone, there's been a lot of news about Loop Insights ($MTRX.V) and I know a couple of friends who are/thinking of investing in it too, so I decided to do a little DD -- pulled out whatever data I could find about the company, had the company mail me their investor package, read/listened to company releases, and dug into it. I thought I'd share my findings and my outlook, in case this is helpful for anyone thinking of investing. + +I like Loop Insights’ mission. I like the markets in general that it’s targeting. Its technicals are often cited as a reason to shovel more and more money into the stock while it still trades in dimes. I agree there’s momentum with this one, so I’m inclined to say this is a short- to mid- term play, but there are serious concerns about its long-term prospects. As with all businesses, execution trumps ideation. This is what’s got me stuck about Loop. + +(1) Its cash burn has been somewhere near 14 million a year. That’s not how much money they raised. That's just how much they've been spending per year. For a start-up of just a couple years and one, as far as I can tell, whose products are mainly software, this screams lack of financial discipline. + +(2) Because of (1), it’s now fairly deep into negative shareholder equity territory. This means its liabilities exceed its assets. Hypothetically, if you were to liquidate the entire company, it still wouldn’t be enough to offset losses. This doesn’t usually happen, but it does forewarn about the company’s next steps in response to this situation (below). + +(3) Because of (1) and (2), it desperately needs more cash in the eight figures, which raises the possibility of doing so through more debt or equity. + +(4) I’m a little concerned about how the management’s been handling the cash burn conundrum. The CEO and COO salaries combined amount to roughly $450,000. I can’t stress how incredibly rich this is for (a) a start-up of just a couple years, (b) most of all when said start-up is this far in the red. + +It’s short-sighted and financially imprudent to siphon out half a million each year from a pre-revenue, early-stage start-up, adding more to its existing short-term cash flow stress, when it’s already well-past its cash runway and skidding on concrete. The CEO of Loop is pretty respectable, but he's a CEO in another, much larger company (Fobisuite Technologies Inc), so it reads as if Loop is just a pet project/cash cow for him (which might be why he feels sucking the cash out of Loop at such a critical time is acceptable). + +Add to this the fact that the leadership are all 50+ year old business executives, none of whom are programmers or engineers. It’s important to have in-house tech so you avoid outsourcing or commissioning as much of the heavy-lifting in early development and design as you possibly can and lower your cash burn (1). + +(5) Loop Insights only JUST filed provisional patents and trademark registries for its products (contactless solutions and contact tracing software) early this month in October ([https://www.globenewswire.com/news-release/2020/10/05/2103339/0/en/Loop-Insights-Files-Provisional-Patents-And-Trademark-Registries-For-Venue-Tracing-And-Contactless-Solution-Applications-In-Wake-Of-Growing-Demand.html](https://www.globenewswire.com/news-release/2020/10/05/2103339/0/en/Loop-Insights-Files-Provisional-Patents-And-Trademark-Registries-For-Venue-Tracing-And-Contactless-Solution-Applications-In-Wake-Of-Growing-Demand.html)). + +That’s a really slow pace, given that these are their main (and only) products and which they’ve been attempting to sell to clients for the past quarter already. Patent and trademark registries themselves also take a year or two on average to pan out, after which Loop may or may not even receive them (even barring the possibility of larger competitors blitzing the market ahead of this date). We won’t find out till 2021-2022, but **at the moment, they don’t even own the name of their products.** + +(6) It’s pre-revenue and the company’s financial data is pretty hard to find. Without an inkling about how much this company can even *sell*, let alone stand to profit, you can’t put a multiple on it or apply any kind of valuation model. The leadership has been fairly conservative as well about providing concrete projections for investors to go on. + +This problem is exacerbated by the fact that the forward guidance and market outlook that Loop does provide in the investor information package that they mail out has highly unrealistic valuations of their future market. “31.88 trillion from Brick and Mortar Retail”? “614.5 billion from Sports & Entertainment”?? “565.4billion from Casino Gaming”??? It’s cringey that these whole-market valuations are what Loop pitches to investors as its potential market, as if it could capture even a dime, let alone the full dollar, of every dollar a consumer spends on a shirt and a beer just because consumers use their payment system. + +(7) It’s fighting on too many fronts at once. It intends to create its own independent cloud server (Loop Cloud), its own payment system (Fobi), and contactless NFC reader (SmarTap). Any meaningful disruption to any of these markets could easily cost tens and hundreds of millions. To attempt to compete in all of them threatens to bleed your company dry before you even start. + +And as Apple learned in the adolescent days of Apple Pay, it’s easier, faster, and significantly less costly to collaborate and tap into an existing distribution network like Mastercard’s, especially in a saturated market – rather than compete against it. + +How would Fobi and SmarTap capture any ground from a payments systems market already dominated by big players like Mastercard, Visa, AXP, or even up-and-coming growth players like Square and PayPal? + +At this point in the game, how would Loop Cloud steal market share from an already-saturated space lorded over by Microsoft, Google, Amazon, or even young bucks like Cloudflare, Salesforce, etc? It cost Alibaba close to a billion dollars to crack the US cloud market. + +How would SmarTap add any value to retailers or consumers? It seems SmarTap has a hardware component that allows it to contact trace people and, at the moment, is being pitched to retailers and consumers. I'm not too clear on how it works, but from what I gather, the software attached to it then publishes information about what kinds of people (in terms of their exposure to previously identified hotspots) have been flowing in and out of retail stores. SmarTap seems like a pitch for government clients, not retailers or consumers. + +How would retailers benefit from adding contact tracing? Retailers benefit more from *not* having any contact tracing information about their stores published, so that consumers can give them the benefit of the doubt and still visit their stores. Ignorance is bliss. + +How could you convince consumers to use this network service? I’ve received pitches from network service startups in the past, so I know a little about this space and I can say adoption and churn rates truly can’t be underestimated (and they’re ridiculously expensive to keep low) for anything attempting to be a new network service. Don’t underestimate how hard it is to convince *more and more* people (think network effect here) to adopt a new technology/network service. Again, it'll cost an astronomical sum to gain and keep any traction in the network service space (and the payment system space and the Cloud space, let alone all of them). + +All in all, I think Loop has potential, and I congratulate anyone who’s made buck on the recent momentum. But as a long-term investment, it has an incredible amount of work cut out for it that could well take years to iron out, provided it doesn’t bleed out on the way there. Thanks for reading. + +EDIT: lol @ the snowflakes screaming shorter. Unclench. + +I have no intention to short Loop (or any company whose market cap is so small no analyst has even bothered to measure its beta). + +Everything I wrote is a publicly available fact from Yahoo Finance, Loop's own materials, and public filings. As I said, I think Loop has potential, but its poor financial health deserves attention -- and some questioning as to how it got here and where it wants to go. That's all. GLTA. +Hey /r/personalfinance, long time reader here and I wanted to share this news with you since I can't/won't tell anyone I know IRL. + +To make a long history short, I bought a condo 10 years ago, and was scared shitless when I saw the paperwork that shows how much you'll pay for a house over a 30 year loan. That day I made it my life's goal to pay off my mortgage and be in control of my finance's. I never in the 10 years paid my mortgage value as-is, I ALWAYS paid extra. Whatever was left at the end of the month went to the mortgage. Sometimes it was $50. Sometimes it was a couple grand from a tax return or work bonus. Either way, I made it a habit from day one that I wouldn't buy anything frivolous before I paid off debt. I did buy/sell a couple houses along the way. I made some profit from sales, I used some stock market money to help pay it down as well, and I've had a good paying steady job for the entire time. + +This afternoon I had more in my checking account than my mortgage was worth. I stopped in at the bank and made the payoff. The teller was a little shocked, but mostly didn't say anything. I'm fairly young (early 30's) so its probably rare, but I worked my a$$ off to do this. I often skipped fancy vacations that my friends took, and didn't go out drinking every week like many still do. + +I now own my house outright. It feels freakin' amazing. Knowing that come next month all the cash will be coming in with no payment to make is about as freeing as it gets. + +As they say, I'm a Mortgage Free Man. http://i.imgur.com/MlOXu.jpg + +I am shaking while writing this, but I know that I need to suck it up and put it all out there. I've been struggling financially for the past few months and I am feeling so suffocated under all of this that I can't see a way out. I have been more stressed and anxious about this than anything else in my life. I could barely sleep last night, my heart beating out of my chest, knowing that I was going to type this post up and submit it today, asking for help/advice/suggestions/a way forward. + +I feel so overwhelmed I don't even know where to begin. + +First, some info about me: I am a 26 year old law student, in the middle of my final year of school. I go to school full-time, am a senior editor on the law school's law review, and I also work two part-time jobs (one is at Starbucks, the other is a legal internship for the federal government that limits me on how many hours I can work). I do about 12-18 hours at starbucks and only 4 hours with the government per week. On top of that, I am doing lots of post-graduation job searching, networking, applying, interviewing and other things to try and help me find decent-paying legal work after I graduate. I have little to no time formyself and It is *killing me*. I am stretched thin, tired, losing weight, struggling to keep up in school and on top of all this, I've always got money and my debt and my insufficient income to help me out on my mind.  + +I've tried reading some self-help financial books, but a lot of them seem to be geared more towards people who are already pretty financially stable, who need advice investing or saving for retirement, etc. I can't even begin to think about that right now. It scares me, freaks me out, makes my heart rate speed up. I am terrified that I've fucked over my future, because of stupid decisions and irresponsibility. + +When I graduate in the spring, I will have roughly $150,000 in student loans. That thought terrifies me. Currently, I have $17,931.87 in credit card debt. In late spring earlier this year, I opened a balance transfer card to send some of my debt over there, in the hopes of avoiding paying more interest on it. As you will see, that didn't come to fruition, and I've ended up gathering more debt since then... + +This has all accumulated on top of my student loans for a number of reasons: cost of living increased much more than I expected, unexpected car troubles/emergencies hit me that I was unprepared for, and during both of my summers in between years of school, I was working away from home, unable to sub-let my apartment, and without student loans in the summer to help buoy me, was paying to live in a different city for work while also having to maintain my apartment at home. I ended up being unable to save anything from either of these two summer jobs, had to rely on credit cards to just pay rent/utilities/travel expenses/etc., and now, here I am. Drowning in debt, suffocating, feeling like there is no end in sight. I'm not trying to make excuses, I know I'm in a deep hole and I need some help to get out of it.  + + +I am terrified. I am feeling so lost and helpless and ashamed. I'm depressed and suffering mild anxiety attacks, which has never happened before. I never thought this would happen to me but I don't know what to do or where to turn or what to even *start* doing now to fix anything. I hope I haven't ruined my life and my future. I need some help, please.  + +To help out, I've tried to outline my accounts, and bills that I know I will for sure need to take care of in the coming months. I don't get another student loan deposit till January. I don't know what to do, or where to begin, or how to move forward. I feel stuck and like there's nothing I can do, but I am motivated to try something to improve my situation. + +**Current Funds**: + +*Checking Account* - $4117.29 (The base of this is remaining from the student loans dispersed to me in August. I've got ~$350-400 coming in every two weeks, after taxes, from the two part- time jobs I am working. But it’s never a set amount.) + +Jan 1~ - *student loan deposits* ~$10,141   + +*Savings Account* - $600 + +**Current CC Balances / APRs / Minimums**: + +*Slate Card* - $1413.77 / 24.99% / $25 minimum + +*Amazon Prime* - $5003.19 / 24.24% / $145 minimum + +*American Express* - $6147.12 / 9.99% until 11/11, then goes to 20.24% / $117 minimum + +*Discover* - $5367.79 / 0.00% until 09/19/19 - used this as a balance transfer card for previous credit card debt :( / $115 minimum + +**Future Expenses/Bills**: + +Oct 20 - 150 due for total utilities + +Oct 28 - 465 for November rent + +Oct 28 -25 min for slate card + +Nov 6 - 117 minimum due AMEX + +Nov 8 - 145 minimum for amazon card + +Nov 11 - 115 due for car insurance + +Nov 14 - 115 min for discover + +Nov 20 - 150 due for utilities + +Nov 28 - 465 for December rent + +Nov 28 - 25 minimum due for slate + +Dec 6 - 117 minimum due AMEX + +Dec 8 - 150 min for amazon card + +Dec 11 - 115 due for car insurance + +Dec 14 - 115 minimum due discover + +Dec 20 - 150 due for utilities + +Dec 28 - 465 for January rent + +Dec 28 - 25 minimum due for slate +My credit score has been stuck between 740-760 for the past few years and I want to get it above 800 to unlock that next level of reduced rates. + +Here are my stats: +Total accounts: 5 +Age of oldest account: 4 years +Inquiries: 2 +Revolving utilization: 2% +Missed payments: 0 + +My credit report says the one thing I need to work on is age of my oldest account, but I cant really actively do anything for this so is this really the only way I can get my score above 800? Do I just have to wait? +New investor here. 1st post on Reddit. + +Downloaded a really neat Excel sheet online 2 years ago to run in-depth deal analysis for MFHs which I see as candidates for a 3.5% FHA mortgage loan. My initial filter is the 1% Rule and a GRM test (<=8 in today's market): if passed I then move to software. + +Seems this spreadsheet has some bugs that users have corrected and the author is MIA via email and Disqus for my questions. + +Alas I must seek out software with better support. REI has large risks on its own and this is not counting software bugs. + +Could you recommend a tried-and-true spreadsheet or software or free website to run analysis on rental income-based MFH properties? + +My requirements are: + +1) Inputs and outputs must be exportable (print to pdf), + +2) Show if 1% and 2% rules are satisfied, + +3) Show GRM ratio, + +4) Show net monthly income (gross income - expenses), + +5) Itemized input of monthly expenses (PITI, etc), + +6) Forecasting of morthage payoff as an accumulation by year or month, + +7) Forecasting of property appreciation by month or year, + +8) ROI % and COC % or another profit efficiency metric calculation, + +9) Connection to web to pull local data (such as rents). + +Thanks in advance, everyone! + +PS: Spreadsheet: http://finomad.com/post/2018/4_21-ultimate-spreadsheet/ + +PPS: See hidden tab "rents". In it are 4 variants of a formula which pulls rent comps from RentData.com. RentData must have changed up its coding so that the Excel code is no longer compatible with it and doesn't pull as it should. Please recommend how to mod this code and/or use a better source site for this type of data within this excel sheet. + +PPPS: Does anyone know what the "RiskSolver" (Sheet1) tab's function is? It refers to Sheet2 to no avail. + +PPPPS: Does anyone know the author? His handle is "joeldg" on Disqus forum network. +Preface - I don’t own any properties. + +I am curious about this. Say I buy a rental and decide to manage myself. Then 3 months later I decide I don’t want to. Do I just call a place up and ask them to take over? What the hand off look like? + +Also as a side question, can I just use a property management firm to place tenants but not manage the property? + +Are there any primers you. Can point me to that walks through these types of things? +The tutorials for this topic are really few . +Would love for the community to share some github repo links and some useful scripts. + +Been stuck on this for a while , auto-encoders are too time consuming for feature learning. + +Trying to explore some other options that beats or comes close to auto-encoders in-terms of finding non-linear relationships in the data. + +Any form of help is deeply appreciated . +First, I apologize if I am on the wrong sub, but my girlfriend's situation seems so helpless and her parents have no plans to get out of it. She vents to me everyday and when it gets bad, she's in tears on the phone about being hungry. Any advice, is accepted. I thank you all in advance. + +Facts I've been able to draw: + +-Her parents take home about ~1500$/month that goes to rent, car payments, and loans that paid for her father's immigration and any rent shortcomings. + +-Parents are practically stuck to their jobs since they dont have degrees and work long hours (more than 8 daily) + +-She's on her last two days at a job that has poor management and is saving her money for her tuition and books next semester. Her priority is school and is still far from finishing. + +-Parent's taxes were botched from family member who did taxes this year for them and don't have money to correct it. Meaning she can't get financial aid or her family will get audited. + +Edit #1 11/30 +Just to clarify after pulling more information without being too intrusive in their finances: + +-parents make combined ~3000$/month which after paying loans that were taken out becomes approximately 1500 $ that is then used for rent, car payments, utilities, and other miscellaneous expenses (doctor visits, etc) which leaves little for food. +-I have read all your posts about food, and still have to talk to her about recipes and groceries that are cost effective, along with community aid. +-She is leaving her job voluntarily, as the administration is piss poor and cuts into her community college classes that are taught poorly as well. +-I buy her food when I can (take her out to places where she is bound to have lots of leftovers) but do not feel right in feeding her entire family, as I am a college student as well. +-I will look more into the tax amend, but shes primarily afraid of an audit. +-Lastly, all your posts are very helpful and I am grateful. More suggestions are welcome. You all have helped me think more broadly about what she could do. +At this point there are loads of apes that have achieved and or approaching long term capital gains tax. That in itself is a huge deal, and just adds to the satisfaction of holding. + +I believe we are entering the golden age of this transformation, with so many great things coming. I will continue to add to my position, since nothing has changed from the reason I originally bought. +I've read this subreddit for years and never felt that I had anything of substance to post. I value the ethos of FI tremendously and came across it while already doing some of the things anyways (cooking my own meals, paying down debt, investing in index funds, etc.) but wasn't truly on the FIRE path because I was wasting a lot of money on things without realizing it (cable TV, eating out at crappy restaurants too much, ordering crap from Amazon that we didn't need, etc.) + +So I realize none of this is really all that unique. What I wanted to share is that my wife and I had some friends that also discovered FIRE around the same time, and went much more hardcore into it. They stopped going out to eat for any reason at all; would never go get a drink for any reason; would never buy something new for any reason; moved 10 states away and now live like hermits. In essence, if an activity cost any money at all, they just wouldn't do it. While they are definitely going to achieve FIRE earlier than we are, they've sacrificed a lot of things along the way like friendships and relationships, and it has led me to much contemplation about the differences in our paths. Some of the relationships I've kept by doing things like going out for the occasional drink have led me to conversations about jobs and career choices that catapulted me into interviews and new jobs that have ended up tripling my income, while these friends of mine are still scraping by earning the same amount they always have. Our savings rate of ~40% is nowhere near theirs and certainly not bragging rights on this sub, I realize, but we still have a rich social life and enjoy ourselves along the way, while our ultra-FIRE friends have faded completely from our social circle and live a pretty spartan existence. + +I realize that in itself is worth considering, too; perhaps they've chosen to remove themselves because they feel that these social connections to people that don't understand their FIRE motivation are hampering their journey. Maybe they really are happier without having friends or ever going out for a drink. I don't mean this post to say that they are wrong and I am right; or vice versa. The roots of this movement were about giving up consumption and I recognize that I really haven't been able to completely do that. The point I was really trying to make with all of this is that however you found yourself on this path, it's important to remember to think through these kind of considerations - is it worth giving up your friendships because of your dedication to FIRE? To us it wasn't, and to our friends it was. I wish them the best and I am a bit jealous that they'll be truly FI earlier than we will. But I've also had a lot of really good times along the way with the friends we all shared, and there is a hole there where they are missing from it all. +Has anyone else had these kind of thoughts or experiences along the way? Am I going to get downvoted to oblivion for not belonging here? I'm more curious than anything. +Hi, + +From all my savings my idea is: + +**40% - stays in the bank** for personal risk and also buying on a bear "sale" moment. + +**45% - "Core ETF portfolio"** \- meaning a portfolio I won't be touching much, except adding in periodically and adjusting once a year + +**15% - "Dynamic ETF and stocks portfolio"** \- Swing trading over a few months to one year. Edit: This will feed the Core Portfolio. + +\---- + +**"Core ETF portfolio" :** + +I am a total newbie and after researching into reference ETF Portfolios, such as Dalio's All Weather, Pinwheel , Golden butterfly, 60/40, etc. I came up with this one and compared it to the SPY as a benchmark. ~~I am not looking for a long horizon because I will most likely need to cash out in 5 to 10 years.~~ Edited: A part from funding this portfolio out from the "Dynamic ETF portfolio" , I don't think I will be able to keep funding it from my wage after the next 5 years. I plan to "downsize" my expenses, move to another country and have a much simpler life, I am single and have no debts. + +Invesco QQQ Trust (QQQ) - 60% + +PIMCO 25+ Year Zero Coupon US Trs ETF (ZROZ) - 30% + +Vanguard Utilities ETF (VPU) - 8% + +iShares Gold Trust (IAU) - 2% + +\------ + +**"Dynamic ETF and stocks portfolio"** + +In this group the idea is to take in more "niche" ETFs that are hot, to be swing traded with a sort of a "10% stop loss risk management" style . These would include sectors such as: + +Biotech / Green energy / 5G / Lidar ... + +&#x200B; + +https://preview.redd.it/jpvkzhnlhad61.png?width=3220&format=png&auto=webp&s=00bb1d7bbedfcc4f0f16f250e201a8dd9e6b7335 +What are the most important and specific metrics you use to evaluate an etf? Are there metrics you believe are more noise than useful? + +Right now I’m invested in consumer discretionary (fdis and vcr [the latter was an accident]), mega cap growth (mgk), tech select sec (xlk), and lastly a semiconductor bull 3x (soxl). + +One other question, I enjoying reading others predictions. Thoughts on q3 and 4? + +I’m new to this all. +30 years old, taxable account, okay with some risk but moderately concerned about the next crash. Planning to hold for at least 5 years but this is not necessarily a retirement fund. + +55% VTI + +15% VXUS + +5% EMQQ + +10% ARKF + +5% ARKG + +5% SMH + +5% BETZ + + +Thoughts: + +-Not enough VTI? + +-Too much foreign distribution with VXUS+EMQQ? + +-Lack of blue chip US tech stocks? If I added QQQM, how much should I add, and what do I take out? + +-Good ARK choices? I'm a Tesla skeptic at the moment so that's why I went with these ARKs (notably no ARKK). I could see myself going more ARKG or less ARKF but I really believe in Fintech. + + +Thanks! Open to all criticism. +EDIT UPDATE NEW ALLOCATIONS: + + +**VTI**: 52% + +**VUG**: 16% + +**QQQM**: 8% + +**AVUV**: 8% + +**SMH**: 6% + +**VXUS**: 10% (international) + + + +---------------------------------------------- + +Thinking the following: + +**VTI**: 56% + +**VUG**: 18% + +**QQQM**: 8% + +**QQQJ**: 8% + +**VXUS**: 10% (international) + +Any thoughts? I'm 26 y.o. +30 years old, taxable account, okay with some risk but moderately concerned about the next crash. Planning to hold for at least 5 years but this is not necessarily a retirement fund. + +55% VTI + +15% VXUS + +5% EMQQ + +10% ARKF + +5% ARKG + +5% SMH + +5% BETZ + + +Thoughts: + +-Not enough VTI? + +-Too much foreign distribution with VXUS+EMQQ? + +-Lack of blue chip US tech stocks? If I added QQQM, how much should I add, and what do I take out? + +-Good ARK choices? I'm a Tesla skeptic at the moment so that's why I went with these ARKs (notably no ARKK). I could see myself going more ARKG or less ARKF but I really believe in Fintech. + + +Thanks! Open to all criticism. +The union representing Air Canada flight attendants says the airline is set to ask employees to work less — or not at all — as concerns over job security buffet the airline industry. + + + +Air Canada will ask workers to slash their schedules, go on leave for up to two years or resign with travel privileges, according to an internal bulletin to members from the Canadian Union of Public Employees sent out Thursday night and obtained by The Canadian Press. + +READ MORE: Live updates on the coronavirus pandemic in Canada + +The memo states that CUPE is in discussions with Air Canada over continuing the federal wage subsidy, which the airline has not committed to maintain past June 6. + +“We know this news is not what any of us were expecting,” states the bulletin, signed by the president of CUPE’s Air Canada component and two other union officials. + +“The reality is that COVID-19 has severely impacted the demand for air travel over the past few months and into the foreseeable future. As such, there is no denying that we are dealing with the largest surplus of cabin personnel in our history.” + +Air Canada confirmed that further cuts are imminent. + +[ Sign up for our Health IQ newsletter for the latest coronavirus updates ] + +“We expect that both the overall industry and our airline will be considerably smaller for some time, which will unfortunately result in significant reductions in both fleet and employee levels,” the airline said in an email. + +It did not answer questions about whether it would drop the Canada Emergency Wage Subsidy, which Ottawa recently extended through August, or how many layoffs were upcoming. + +READ MORE: Coronavirus: WestJet extends flight cancellations due to reduced demand + +Air Canada announced five weeks ago it would rehire 16,500 laid-off employees — including 6,800 flight attendants — via the subsidy program, which covers 75 per cent of a worker’s normal hourly wages or up to $847 per week. + +The vast majority of rehired Air Canada employees have stayed at home under the subsidy as more than 200 planes remain grounded amid the collapse of global travel triggered by the outbreak of COVID-19. + +While Air Canada is not contributing to most worker wages, the airline has continued to put money toward pensions and benefits, a continuous cash drain at a company that lost more than $1 billion last quarter. + +The Montreal-based company has been bleeding cash since mid-March, slashing its flight capacity by over 90 per cent ahead of even fewer expected passengers between April and June. + +Though traffic is expected to pick up somewhat before year’s end, more than 200 planes remain grounded and Air Canada CEO Calin Rovinescu said last week the recovery will be slow, with at least three years of subpar earnings. + +https://globalnews.ca/news/6950933/air-canada-employees-retirement/ +Decided to have a look at what we could learn about the Tether hack from the blockchain, the coins are still moving around so I may edit this later as this develops. + +It actually starts with this wallet here: + +https://www.walletexplorer.com/wallet/12f4885dad525cc1 + +Look familiar? Go to the last page, that was the wallet used to steal 19000BTC from Bitstamp back in January 2015 (and which was still receiving coins from Bitstamp as recently as September, well done guys). + +This wallet made two transactions, the first is fairly innocuous but I'll come back to it later: + +https://www.walletexplorer.com/txid/7b46c7e412b1f1e93ff0aa67232457dde3fb6e91f4c61e025a97e56290049050 + +This address then sends out a further 0.01BTC: + +https://www.walletexplorer.com/address/1LBQpqUTEmdPTH8adaV6xS8KQt6FGCD3xD + +The following morning it sends 0.01 to the address that was several hours later used to empty the Tether wallet: + +https://www.walletexplorer.com/address/31okFF1rUu8jjPEVuajycTRBp82Nteo4Mv + +I'm not quite sure why they would make a deposit like this to it hours before - perhaps to test that everything is working? + +*Edit: I believe this was actually to ensure they had BTC for transaction fees moving the tethers around* + +At 10:53, the wallet makes several transactions transferring 23 million tethers from the tether wallet: + +https://omniexplorer.info/lookupadd.aspx?address=31okFF1rUu8jjPEVuajycTRBp82Nteo4Mv + +Then at 11:10 they transfer another 7.9 million tethers. A further 50,000 tethers are transferred over at 11:54. + +At 12:01, 5BTC (the bulk of the bitcoin in the tether wallet) is transferred over to the same address: + +https://www.walletexplorer.com/txid/e7e09cd092a5febdcae6b2ec76b06389c29298ed237dd1f210e1e54f096f1f92 + +These tethers are then transferred over to the address in the Tether announcement as their relevant blocks are confirmed. + +https://omniexplorer.info/lookupadd.aspx?address=16tg2RJuEPtZooy18Wxn2me2RhUdC94N7r + +The 5BTC is also transferred to this address in amounts of roughly 1BTC per transaction: + +https://www.walletexplorer.com/address/31okFF1rUu8jjPEVuajycTRBp82Nteo4Mv + +Following the BTC along, you arrive back at an address from before, which is confirmed to be part of the wallet holding the stolen Tether: + +https://blockchain.info/tx/eeaf8b9c6288c28c481d6e37d687b5c42b0222fb3d8a73bdca81c1a12243c579 + +It's worth noting that this same address was just used to create an Omni token called lioncoin: + +https://omniexplorer.info/lookupsp.aspx?sp=2147484016 + +The BTC from the tether wallet ended up in these addresses: + +https://blockchain.info/address/1HtmVRdFRqPScH7Ud6UFR6HUcndksjVmua + +https://blockchain.info/address/155KG55pRsV1Y9jdwwynfGHGqR9cqPKToB + +https://blockchain.info/address/1M8b8BNMEMFFem9UQpZydoespHzXjAnC9t + +I will update this post as more develops. + +*Edit 1* + +This wallet from the Tether and Bitstamp hacks seems to be owned by the same person who took 12000BTC from Huobi in late 2015, interesting... + +https://www.walletexplorer.com/wallet/002d28cac852fc7d + +*Edit: Huobi are saying this is not a hack, so who knows why 12000 or so bitcoin was withdrawn from their exchange and combined with the coins from bitstamp [see here](https://www.walletexplorer.com/wallet/002d28cac852fc7d) before being passed through several more wallets and onto BTC-e in batches of 1000 or so.* + +Before he was taking thousands of BTC off exchanges and sending it to BTC-e, he also used to sell much smaller amounts on Localbitcoins. + +https://www.walletexplorer.com/wallet/02f08eddae4ba788 + +https://www.walletexplorer.com/wallet/f4b4c44dd6a146fd + +https://www.walletexplorer.com/txid/0e9ae0a86dafc3a8dde0578871e51212c1e962ebf5a3306904b4e2eca25e0ba6 + +So Localbitcoins guys, if you have a log of who was using [this address](https://www.walletexplorer.com/address/1EvTV4ySZbwwsRfL6T723cg1iiFASJbqH3) back in 2015, you've got the hacker ;) + +*Edit 2* + +So I was [asked](https://www.reddit.com/r/CryptoCurrency/comments/7eho5y/tether_was_hacked_by_the_same_person_who_hacked/dq558sd/) whether this could be an inside job. + +Well, maybe? I don't think there's enough evidence from chain analysis alone to draw a conclusion. + +Some of the transactions which funded the lioncoin address came from an old Bitfinex wallet, and [some came from the bitstamp hack address](https://www.walletexplorer.com/wallet/6b1a2139799a82b8). Bear in mind that this is [part of the same wallet](https://blockchain.info/tx/eeaf8b9c6288c28c481d6e37d687b5c42b0222fb3d8a73bdca81c1a12243c579) that the stolen tethers were sent to. + +Also if you look at the [tether address](https://omniexplorer.info/lookupadd.aspx?address=3BbDtxBSjgfTRxaBUgR2JACWRukLKtZdiQ&page=1) you'll notice that when other blocks of tether were released they were quickly transferred to the Bitfinex wallet, with this 30 million being the exception, that said in prior months they had regularly left millions of tether in this address for days at a time, so this isn't necessarily a red flag. + +It could be that the attacker had access to the main tether issuance address (3MbYQMM etc) or it may just be that they noticed the 30 million tethers sat on the wallet that they could manipulate. Presumably Tether know whether or not they intended to make [this](https://omniexplorer.info/lookuptx.aspx?txid=dbde10653dd7f459260c11e2a80ae887f7c72e5bfd22f5d908b489dd430be764) transaction. Without knowing that we can only speculate on whether the compromise went beyond the address that was emptied. + +*Edit 3* + +There is a post [here](https://www.reddit.com/r/Tether/comments/7ei568/tether_return/) in which a /u/bitconexfoier1 claims to have bought 10M tethers, and provides an address that [received 10 million tethers](https://omniexplorer.info/lookupadd.aspx?address=13kyHqsbtZpRHDNSdXWniJiCZPvRtMjVao) (now invalid) from the hackers. [archive link](https://archive.fo/408n8) +I have this eerie feeling that we super near the squeeze. Weird things happening in the financial world, liquidity drying and people have to wait longer and longer to buy shares. Hardest dip without any volume. We are super near and I am super happy. Get ready for lift-off +The limit at which the help to buy isa is applicable has stayed the same since it was introduced in 2015: £250,000 for a house in the UK (and £450,000 for a house in London). I won't be buying a house for another year or two at least. With the £250,000 limit staying fixed isn't the help to buy isa slowly becoming redundant? Or will they change the limit at some point? + +I've been saving diligently into it for years, but most likely will not be able to make use of it at the end. +I have been unemployed on and off since the start of the pandemic. I decided to take a break from my degree because I can’t afford to keep paying tuition. I am in a program that is paying me a little more than min wage with a year contract under the company that will give me about a $2 raise, provided I meet all of the requirements in 12 wks. + +I’m trying to obtain a part time job to supplement my income, but it feels like between myself and my SO, we have more bills and less money. + +I just figured my 20s would be a time spent enjoying my life rather than working it away and stressing about piles of bills, debt and etc. + +Does it get any better?? I’ll be 23 soon and I just feel like I’m wasting myself away with worries, stress and responsibilities. Just wanna say f*ck it and run away with what little I do have sometimes. +I’m trying to figure out what my next move should be to get to FatFIRE and I’m hoping this community can help me out. I’m going to organize this post into three parts: + +* My current situation +* How I got to where I am +* What I’m looking for + +**My current situation** + +I’m 37/m with a wife and two young kids. I work for a unicorn tech company and have a total comp of \~$300k/year. I have equity in three private companies, one of which is the one I work for and is the most successful of the three – the other two are smaller but definitely viable. All three companies are post Series C. If I’m taking an optimistic but realistic view of my equity, I’ll net $1-2m within the next 5 years. But of course who knows when it comes to startup equity, especially in this market. Otherwise, I have about $500k in assets which includes cash, home equity, a 401(k) and a small investment portfolio. No debt. My wife doesn’t bring in any notable income. + +**How I got here** + +Among other jobs, I’ve been an early employee at two reasonably successful startups, one of which had a decent acquisition by a private company (which I still work for). I received equity in that company for the acquisition, and also have options. My career has taken a winding road. I’ve been in the same industry but no matter where I work I’ve always been the person focused on “what’s next”. I’m the person who everyone can depend on to take the reins of a major challenge or opportunity, especially if it’s on the bleeding edge and/or opaque, identify the real problem to solve, and do whatever it takes to make the initial solution real and get it on rails. On the one hand, this has made me pretty valuable at each of my employers, but on the other hand I’ve always had more specialized executives brought in above me. So now I’m at a point where I’ve created a lot of value in my career, but still I don’t feel like I’m on track for FatFIRE and not sure how I’ll get there without the “deep and narrow” experience that will get me into an executive role at a decent sized company. Even at my current company, I am clearly valued from the C-Suite down, and have a small team that provides outsized impact, but I’m having a hard time seeing a path beyond where I’m currently at (Senior Director). + +**What I’m looking for** + +I'm making a big push to take on a broader remit, with more comp and a step up title, at my current company. But I think I need more irons in the FIRE (get it?) in case this play doesn’t work out. I’m losing valuable time in what should be the prime of my career. So my main questions are: + +* Should I focus some of my time and energy on making a move, or try to make the most of what I have where I'm at? +* If yes to the above, what kind of companies and/or roles should I be looking for? I need to maintain my current income level, so early stage startups are likely out of the question. +* A big part of me wants to switch industries to one I’m more passionate about (physical sciences), but I don't have any direct experience or expertise there. Is that a bad idea? + +Thanks in advance. +[**NOTE**]: This thread is from a single person's perspective. Families are probably better off buying if they can't fit comfortably in a relatively small 2 bedroom apartment. This argument is specifically comparing living in a cheapo (relatively speaking) apartment, or buying a 3/2 house in a mediocre, but not completely awful neighborhood. Oh by the way, doing all of this in a nice city in California where real estate prices are completely out of control + +[**NOTE 2**] If you know you're going to be living in the same city for at least 10 years, then yes... buy a house. Even 7 years would make sense + + +Look, I know that home ownership is the "American Dream", and everybody is always thinking ahead to how great it will be when they own their very own home. I've owned two different homes in my life. The first time I owned a home, it did feel really amazing. But, over time, that "New Home Ownership High", wears off, and you're left with the reality (and responsibility) of owning your own home. The key word by the way is RESPONSIBILITY. Home owners are responsible for way more things than a regular renter. All of these things cost a lot of money too. + +So, in my city, where the prices of homes are stupid ridiculous (nice city in Northern California), you'd literally need to pay 500k for a mediocre, but not completely awful 3 bedroom home in a below average, but not completely craptacular neighborhood. + +I'm not talking about any kind of mansion, or anything special at all. I'm talking about 3 bedrooms, and 1750 square feet, just your typical single family home, in a slightly crappy neighborhood. Not a "nice" neighborhood. Those types of neighborhoods start at about 850k. + +Yes, we're talking about an area of the country where the home prices are tremendously inflated, but it seems like this is happening all across the country to one degree or another. + +So, getting back to this 500k house. So, let's say that you lived in my city, and you wanted to buy a 3 bedroom house in a lackluster, but not completely awful neighborhood. Well, you're going to need to come up with half a million dollars. Now, if you want to avoid paying PMI (**Private Mortgage Insurance**), you have to have a down payment of 20 percent. This would be 100k. Yep. No joke. + +You got 100k sitting in your bank account for this? Yeah right. + +Ok, so you'll be paying monthly PMI every single month. Private Mortgage Insurance can be anywhere from .75 percent to 1.5 percent of the loan (annually). The percent you'll pay is based on your credit score and certain other factors. If your credit score is impeccable, you might get the .75 percent rate for PMI. If your credit score is bad, you might get the 1.5 percent rate. Let's just meet in the middle at 1 percent. This would be 5k per year and $416.66 per month. Yes, you heard me right. You're literally going to have to throw **$416.66** per month away, every single month, because you didn't have a 20 percent down payment! + + +You're also going to be paying **property taxes**. Yes, this is something that you've never dealt with if you've been renting all your life. If you've been renting all your life, property taxes are going to be a really, really rude awakening. Let's take that 500k house that I was talking about before. In my area, the property taxes are 1.25 percent annually. 500k x 1.25% = $6,250 + +$6,250 divided by 12 months = $520.83 + + +Let the **$520.83** amount sink into your head. Right now, I'm a renter. I don't own a 500k 3 bedroom house. But I'm also not paying $520.83 every single month in taxes. Each month that I'm renting, I'm literally saving myself $520.83 every month by avoiding home ownership. [That $520.83 could potentially be invested in an S&P500 ETF for example] + +I'm also saving the PMI amount every single month. (Remember, it was $416.66 in our example) I don't need any Mortgage Insurance, because I don't have a mortgage. + +Speaking of insurance though, that brings us to another incredibly expensive aspect of home ownership. Right now, as a renter, I'm unfortunately required to pay renters insurance. This is costing me $150 per year, which isn't too awful. Still, I'd rather not be paying this extra $150. + +Well, guess what, that's nothing compared to owning an actual home and needing real-deal **homeowners insurance**. Remember that 500k home that I've been talking about? Typical homeowners insurance for a home like that is about $1100 to $1300 depending on a number of various factors. Still, either way you slice it, it's a HELLUVA lot more than the $150 that I pay per year. Let's give you the benefit of the doubt and say that you're able to score a great deal on your home owners insurance for only $1150. That's still 1k more than I'm paying per year as a renter. I'm *saving* this 1k every single year by not being a homeowner. Every single month I'm saving $83.33 over somebody paying $1150 per year in house insurance. [Again, this $83.33 could be invested in an S&P 500 ETF with very low fees] + +Ok, so we've talked about Property Taxes, Private Morgage Insurance and Homeowners Insurance, but there's another HUGE monthly bill that we haven't discussed yet. + +**Upkeep and Maintenance costs**. If you think property taxes are this huge hidden fee that you never really took into consideration, well upkeep and maintenance is another scenario that can severely affect your budget. When you're a renter, if you're heater stops working, you call your landlord and your landlord calls the HVAC crew. Same thing if your air-conditioner goes out. Or if your stove and oven no longer work, your landlord has to go buy one somewhere and swap it out. You don't have to cover those costs. If water starts leaking into your living room, you call your landlord, and they have to hire a roof guy to fix the problem. + +Landlords pay for all this stuff, and renters will typically not account for all these costs when they upgrade to being a first-time homebuyer. If the heating unit at your 3 bedroom home goes out and needs to be fully replaced, that could be nearly 5k. Are you ready for that 5k bill coming out of the blue? + +Are you ready for part of your backyard fence falling down in a storm? Don't even get me started on claiming this with your homeowners insurance that you're paying for. If you're smart, you'll have a high deductible, which means this will be an out of pocket expense. Truth be told, you don't even want to involve your homeowners insurance with something like this. So you'll just have to pay for the repair yourself. + +So, another monthly fee that you'll need to deal with is this "proactive" maintenance fee. I'd honestly suggest dedicating $350 each month to a special account. This account should only be touched when you need to do a household repair. $350 per month totals up to $4200 for the year, which honestly wouldn't cover the cost of a new AC unit, or a roof repair. You'd likely still have to come out of pocket for that. But hey.... at least it's a start. + +So, let's take a look at all the money somebody might be saving each month by renting, instead of owning a 500k home: + +1. Property Taxes -------------------------- $520.83 +2. Private Mortgage Insurance ------------$416.66 +3. Repairs/Maintenance ------------------- $350.00 +4. Homeowners Insurance ----------------- $95.83 +5. Water/Sewer/Garbage ------------------ $75.00 + + +TOTAL = $1,383.32 + +I'd save $1,383.32 (-$12.42 per month for my renters insurance). + +Yes, I know that some renters have to pay for Water/Sewer/Garbage, but for me there's no extra charge. Some of the other apartments I was looking at did charge another $50 for that, but luckily, my landlord is eating that, or baking it into the price. Even though Water/Sewer/Garbage is only $50 for a renter, when you own a full house, it's usually a bit more, closer to $75. + +There also could be homeowner association fees for the neighborhood that you're in, or maybe special zoning fees for schools that are being built. I'm not even taking any of that into account. + +I'm also not taking into account how much your monthly mortgage will be compared to your current rental payment. Probably DRAMATICALLY higher. + +I'm currently paying $1350 per month for a 2 bedroom apartment. If I were to get a loan for 500k, at say 4 percent flat, (much lower than it actually is), my monthly mortgage would be $2,387.00 per month. Which is $1,037.00 extra. The grand total that I'd be paying extra for housing each month would be $2,407.03 +I posted earlier this week about the BRK.A collateral hot-potato theory [**POST LINK**](https://www.reddit.com/r/Superstonk/comments/uqqe0c/hi_and_brka_funny_business_with_possible_relation/), followed up by funny business associated with Castleview as it relates to BRK.A [**POST LINK**](https://www.reddit.com/r/Superstonk/comments/uqzk68/castleview_partners_llc_funny_business_tied_to_my/) (who quickly dumped ((at least on their 13F filing)) BRK.A as well as 100's of other positions the next day), I followed up with JW Cole and Gobi two days ago as it related to BRK.A [**POST LINK**](https://www.reddit.com/r/Superstonk/comments/us74t1/brka_funny_business_continued/) Gobi by the way, fixed their filing today. + +Well I've continued pouring over the 13F, and you guessed it, there are a dozen other "incorrectly reported" positions that were mostly (almost fully opened) within the last week, and some in February. + +I also looked further into JW Cole Advisors 13F, and there are **1827** positions mostly all significant share counts, all opened this week, with none of the dollar values matching (share count x share price). + +**You can't tell me this many firms are this inept at properly reporting positions, and if they are, why in the world are they allowed to manage billions of dollars of peoples money?!?!?!** If I'm missing something, please enlighten me! And before you tell me, they must have meant BRK.B, many of them also hold (or also opened) BRK.B positions at the same time. With this many firms doing the same thing, around the same week - I'm not buying that this is a genuine mistake or coincidence. + +Without further ado, may I present you a snippet from the funhouse that is BRK.A's 13F: + +[https:\/\/whalewisdom.com\/stock\/brk-a](https://preview.redd.it/k6in9wizmk091.png?width=2600&format=png&auto=webp&s=eed28daad531977e73019c0070aa5e37eb601fb3) + +Now for a peak at a few of the JW Cole positions (I'm only going to include the first 50, there are 1827!), and again, none of the market values match the number of shares x share price, and almost all of the positions were new, and all of them reported on 5/16. + +[Just look at that MONSTER AAPL position \(that alone is 2.5 times more than JW Coles reported entire AUM\)](https://preview.redd.it/yrhgtaqpnk091.png?width=2660&format=png&auto=webp&s=a221ae61889084c6c12b886eb0c6716245a2331c) + +https://preview.redd.it/m61pbcqpnk091.png?width=2638&format=png&auto=webp&s=e4814406df8836379962e90ff72641683b6e2463 + +[https:\/\/whalewisdom.com\/filer\/jw-cole-advisors-inc#tabholdings\_tab\_link](https://preview.redd.it/27okqbqpnk091.png?width=2699&format=png&auto=webp&s=19c8b54dda8526bcc6973d6a20ed66feede3aa9a) + +&#x200B; + +**I REALLY HOPE we can get some more eyes on this - where there's smoke, there's fire; and right now, I can't see through the smoke cloud!** +I'm going to keep this simple, and let Loopring do the talking. + +Maybe this is already known... maybe it's not... + +But the **REAL** value in Loopring, is that they **OWN** the Patent for a truly **FAIR** and **DECENTRALISED** exchange of Cry pto... + +One that prevents control by a central party (That could be hacked or become corrupted by greed) + +One that prevents frontrunning by Market Makers (Cough cough kenny) + +One that is ACTUALLY a decentralized exchange, which would be **NEEDED** for building **THE OASIS!** + +(This is their only patent!) + +&#x200B; + +https://preview.redd.it/3jv76hl19lw71.png?width=500&format=png&auto=webp&s=d94fd467b86bff5e9c3d2e5c0bcaa6c7da6ff67d + +READ THIS: + +With the proliferation of blockchain-based assets, the need to exchange these assets amongst counterparties has significantly increased. As thousands of new tokens are introduced, including the tokenization of traditional assets, this need is magnified. Whether exchanging tokens for speculative trading motivations or converting to access networks via their native utility tokens, the ability to exchange one cryptoasset for another is foundational for the larger ecosystem. Indeed, there is a potential energy in assets, and realizing this energy, i.e., unlocking capital, requires not only asserting ownership, which blockchains have immutably allowed for, but the ability to freely transfer and transform these assets. + +As such, the trustless exchange of tokens (value) is a compelling use case for blockchain technology. Until now, however, crypto enthusiasts have largely settled for trading tokens on traditional centralized exchanges. A new method and system for digital asset transaction is needed because, just as Bitcoin dutifully emphasized, in regards to peer-to-peer electronic cash, the main benefits are lost if a trusted third party is still required to prevent double-spending, so too are the main benefits of decentralized assets lost if they must pass through trusted, gated, centralized exchanges. + +Trading decentralized tokens on centralized exchanges doesn't make sense from a philosophical perspective, as it fails to uphold the virtues these decentralized projects espouse. There are also numerous practical risks and limitations in using centralized exchanges which are described below. Decentralized exchanges (DEXs) have sought to address these issues, and in many cases have succeeded in alleviating security risks by using blockchains for disintermediation. However, as DEX capability becomes crucial infrastructure for the new economy, there is substantial room for performance improvement. + +There are three primary risks in centralized exchanges: 1) lack of security; 2) lack of transparency; and 3) lack of liquidity. + +Lack of security arises from users typically surrendering control of their private-keys (funds) to one centralized entity. This exposes users to the possibility that centralized exchanges fall prey to malicious hackers. The security and hacking risks facing all centralized exchanges are well known, yet are often accepted as "table stakes" for token trading. Centralized exchanges continue to be honeypots for hackers to attack as their servers have custody over millions of dollars of user funds. Exchange developers can also make honest, accidental errors with user funds. Simply, users are not in control of their own tokens when deposited at a centralized exchange. + +Lack of transparency exposes users to the risk of dishonest exchanges acting unfairly. The distinction here is by the exchange operator's malicious intentions, as users are not truly trading their own assets on centralized exchanges, but rather, an IOU. When tokens are sent to the exchange's wallet, the exchange takes custody, and offers an IOU in its place. All trades are then effectively between users' IOUs. To withdraw, users redeem their IOU with the exchange, and receive their tokens to their external wallet address. Throughout this process there is a lack of transparency, and the exchange can shutdown, freeze your account, go bankrupt, etc. It is also possible that they use user assets for other purposes while in custody, such as lending them out to third parties. Lack of transparency can cost users without a total loss of funds, such as in higher trading fees, delays at peak demand, regulatory risk, and orders being front ran. + +Lack of liquidity is another inadequacy of centralized exchange. From the point of view of exchange operators, fragmented liquidity inhibits entry by new exchanges because of two winner-takes-all scenarios. First, the exchange with the greatest number of trading pairs wins, because users find it desirable to conduct all their trades on one exchange. Second, the exchange with the largest order book wins, because of favorable bid-ask spreads for each trading pair. This discourages competition from newcomers because it is difficult for them to build up initial liquidity. As a result, many exchanges command a high market share despite user complaints and even major hacking incidents. It's worth noting that as centralized exchanges win market share, they become an ever-larger hacking target. + +From the point of view of users, fragmented liquidity significantly reduces user experience. In a centralized exchange, users are only able to trade within the exchange's own liquidity pools, against its own order book, and between its supported token pairs. To trade token A for token B, users must go to an exchange that supports both tokens or register at different exchanges, disclosing personal information. Users often need to execute preliminary or intermediate trades, typically against BTC or ETH, paying bid-ask spreads in the process. Finally, the order books may not be deep enough to complete the trade without material slippage. Even if the exchange purports to process large volumes, there is no guarantee that this volume and liquidity is not fake. The result is disconnected silos of liquidity and a fragmented ecosystem that resembles the legacy financial system, with significant trading volume centralized on few exchanges. The global liquidity promises of blockchains hold no merit within centralized exchanges. + +On the other hand, current decentralized exchanges have their own inadequacies. Decentralized exchanges differ from centralized exchanges in part because users maintain control of their private-keys (assets) by performing trades directly on the underlying blockchain. By leveraging the trustless technology of cryptocurrencies themselves, they successfully mitigate many of the abovementioned risks surrounding security. However, problems persist in regards to performance and structural limitations. Liquidity often remains an issue as users must search for counterparties across disparate liquidity pools and standards. Fragmented liquidity effects are present if DEXs or dApps at large don't employ consistent standards to interoperate, and if orders are not shared/propagated across a wide network. The liquidity of limit order books, and, specifically, their resiliency, i.e., how fast filled limit orders are regenerated, can significantly affect optimal trading strategies. The absence of such standards has resulted not only in reduced liquidity, but also exposure to an array of potentially insecure proprietary smart contracts. + +Furthermore, since trades are performed on chain, DEXs inherit the limitations of the underlying blockchain, namely: scalability, delays in execution (mining), and costly modifications to orders. Thus, blockchain order books do not scale particularly well, as executing code on the blockchain incurs a cost (gas), making multiple order-cancellation cadences prohibitively expensive. + +Finally, because blockchain order books are public, the transaction to place an order is visible by miners as it awaits being mined into the next block and placed into an order book. This delay exposes the user to the risk of being front run and having the price or execution move against him. Front running is the illegal practice of a stockbroker executing orders on a security for its own account while taking advantage of advance knowledge of pending orders from its customers. In decentralized exchanges, front-running means someone tries to mine transactions before mining other transactions that are already in the pending transaction pool (mempool). This can be achieved by specifying a higher transaction fee (gas price), and if the front-runner happen to be a miner he can order pending transactions in a way that benefits himself. + +Therefore, there is an urgent need to develop a method and system to solve the aforementioned issues. + +&#x200B; + +**TLDR:** Loopring own the patent for a decentralised Crp-to exchange that is 100% fair and uncorruptable. VS... what is currently there, which is decentralized currencies that are exchanged through centralized exchanges. (Which makes them corruptable) + +This applies to NFTs\* + +FULL PATENT SOURCE: + +[https://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=2&f=G&l=50&co1=AND&d=PTXT&s1=Loopring&OS=Loopring&RS=Loopring](https://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=2&f=G&l=50&co1=AND&d=PTXT&s1=Loopring&OS=Loopring&RS=Loopring) + +&#x200B; + +\--------------------------------------------------------------------------------------------------------------------------------- + +Follow on Twitter: [https://twitter.com/BadassTrader69](https://twitter.com/BadassTrader69) + +Subscribe on Youtube: [SUBSCRIBE ON YOUTUBE](https://www.youtube.com/channel/UCYjNfatgzl-TRm-ffNfnZdQ?sub_confirmation=1) +If you bought at the wrong time in 2009, there would have been zero capital appreciation even in 2019. Yea you would have earned a 3% dividend but that's nothing compared to the market return. + +Why is anyone even touching this company? The future of oil is not going to get any better. +Our school district declared they would be 100% virtual this fall due to rising COVID cases. Husband and I still work, so our 6 and 7 year old will need help (or I retire now). While we're in a good financial position, I was hoping to keep working until COVID settled down. + +Has anyone hired a governess or home teacher? What do you look for? Would you use an agency, or search on your own? +[https://www.reuters.com/markets/us/bostic-baseline-is-pause-rate-hikes-september-assess-impact-2022-05-23/](https://www.reuters.com/markets/us/bostic-baseline-is-pause-rate-hikes-september-assess-impact-2022-05-23/) + +It "might make sense" for the Federal Reserve to pause further interest rate hikes following expected half-point rate increases over the next two months as the central bank assesses the impact on inflation and the economy, Atlanta Fed President Raphael Bostic said on Monday. + +Bostic's comments are the most overt suggestion yet that the Fed might see enough progress on inflation -- or enough weakness in the economy -- to pause its rate increases as soon as September to take stock. + +\--------- + +Signal or noise? Did the Fed blink? We will have a far different economy in September of course. But the assumption that inflation will fall is questionable for anyone who actually pays for their own gas/food/goods the last few months. Personally, I expect the economy, equities, and inflation to all dip by September so I think Bostic is right for the wrong reasons. +Don't care if it's fiction or nonfiction...don't even know if this sub-genre is a thing. I can't be the only one in the market. + +If you don't have a good answer to my initial question here's another one for shits and giggles...what are your favorite wall street movies/docs? +35, married, 3 kids under 6. $4.25M NW with $4M invested. Live in MCOL and spend about $85k a year. Kids have additional 529 for most of college and additional similar sized trust. + +I know I don't live fat, but about $2M of the money is from inheritance. We haven't touched any of it, but we have tried to set our kids up well. + +Our HHI is about $225k. Saving about $75k a year. + +I work FT, wife works PT. I've been at my job for the last couple years and the stress continues to grow. The company environment is really bad, including boss. Achieving company growth goals or any other measurement doesn't bring any redemption or joy, but I do care about my coworkers. And I still care about doing a good job. I don't know why. + +For reasons, I feel locked in to the job until around February, but after that I plan on taking a LOA and then probably quitting. I should've left the job earlier, but covid was/is rough and really amplified unhappiness. PT work for my wife might be about $65k and she says she likes her job. + +My life has been work and kids for a while. I look forward to spending time on hobbies and kids. I want to take some time off, but after a year or two I'll probably try to jump into a job again. + +That's my thought, but hopefully the numbers will continue to be there and I won't feel too much guilt about not working, but I'm not sure. + +We do want to up our standard of living a bit in the future. A bit bigger house as kids grow would be great. $150k a year in spending sounds very fat to me, but hopefully I'm not wrong. + +Our NW is obviously going to be dependent on future market returns and the past 10 years have been great. I think a couple years of taking around $25k from savings and potential lower income returning to employment won't hurt us too bad. + +Hopefully telling my story will help in either feeling assurance or if you think I'm making a mistake in quitting my job. Either way, feedback is appreciated. Thanks for reading. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. 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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). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Hi, + +New to having a credit card but recently got one to build my credit score up. I was advised to live on the credit card and pay it off using direct debit. + +I took that advice and once my monthly credit score updated I saw I lost so much progress. + +What advice do you have to prevent this in the future and how can I boost it up quicker? + +Thank you +I'm 22, £20k wage a year, 10% deposit for a £150k house saved and the bank only can give me £80k, any way to improve that? Someone told me about improving my credit score but I have no idea what to do? Thank you in advance. +What happens if we become elderly and have no money? This is my biggest fear currently. + +I only make enough money to tread water, ie: barely break even (if that). There is no savings for me. I have more debt than actual money by a long shot. +I've been trading part-time for a few years now. I put way more screen time in last year than the previous years and thought I was getting good. Turns out of course that I was just in a really easy market. This year has been rough for me. I have buckled down recently and reevaluated my strategies but I just can't seem to get it right. I got stopped out of MRIN yesterday and today on XELA. Of course both ripped after I was out. + +I do great when I'm on the sidelines analyzing but as soon as there is money on the line I can't think straight. I even took out my initial investment and only kept my gains in my account to calm me down but it hasn't worked. I'm losing very small amounts now, like $20 or less, but I'm giving up thousands in potential gains by cutting too early. Prior to this I was losing maybe $100-200 on my red trades, which was pretty significant for me. I am really focused on risk management now but obviously I'm either getting in or out too early, maybe both. I can't seem to figure this out. Part of me wants to just walk away but I feel like I'm so close to being successful. I don't know if I'm just fooling myself or if I have any future here at all. +I have started earning last month and wanted to invest 50% of my income into shares. I have prepared a list of 15 companies by fundamental analysis. However I feel the market is overvalued at the moment. It is nowhere close tp 200 EMA or 50 SMA. + +I'm a noob in the market and since this is my first time investing should I wait for few months for a correction or should I start making monthly investments in stocks from now itself? +Hello,Cred Mint is a P2P lending feature so that users can now lend to one another at an interest rate of up to 9% annually. Similar to BharatPe 12% club. + +A small summary of How it works: + +1. CRED members have a credit score of 750 or higher, making them a trustworthy audience to provide financial services. On CRED, a user has to have a credit score of 750 or higher to join the app. +2. Invested amount is also diversified across 200+ borrowers to minimise the risk of defaulting and gets followed up in case defaulted. +3. Interest will be credited daily. Pretty quick investments and withdrawals with no charges. I invested and withdrew 1 Lakh, it was a good and smooth experience. + +So want to know your experience with Cred Mint, since I was thinking to invest more amount for a very short period. + +Mostly I have been seeing good points only, so wanted to know if anyone has faced some issues. +Sorry for an off-topic post (kind of). + +Will it work, if I have proofs like bill? I am buying something from a retail store, and unsure if they will deliver it within the time they say. If they don't, my recourse is to raise a dispute with my credit card provider ICICI Bank. +I have a standing SIP on Kuvera on 1st of every month. Everything was fine till last month. This February, funds have been deducted from bank on time, on the 1st, but the order is still processing. Projected NAV date is showing 10th Feb. Is this expected and normal? + +I know there are new NAV rules now, but I thought the delay would be 1-2 days, not 10 days or more? Anyone sharing my experience? +A few months back I was working for a MNC with a 6-figure monthly salary and my salary account was with AXIS bank. I left my job couple months back to start my own business, still keeping the AXIS account as a savings account. + +A few weeks after I left the job, I received a call from an AXIS bank employee. He stated that since I had a salary account with them and the balance was quite reasonable, they were willing to offer me a personal loan (which I didn't need). + +I told him I was no longer working for the said company and I had started my own business. At that point he paused and then said it may be difficult to obtain a loan for businessmen. I said that's OK because I didn't actually need a loan. + +However he went on to ask if I still possessed the ID-card from the company I was working with previously. When I asked why, he said he could still process the personal loan completing the paperwork as if I was still a salaried person. All I had to submit was my Appointment Letter (of the company I had already left), the photocopy of ID-card of that company and a few salary slips. + +Now it was my turn to take a pause. I wondered if this was actually happening - a bank employee advising me to forge my paperwork simply in order to process a personal loan he was willing to sell which I didn't even need. So after a long pause, I asked him if he was serious. At this point he realized my discomfort and said sorry and hung up the phone. +Salaried employees know the exact date when there bank account would be credited with salary. But that's usually not the case with business owners. + +Shopkeepers usually have income on regular basis there is no monthly salary credit. For example, suppose they sold inventory worth 10k today, out of which they had a profit of 2k. Maybe next day they sold worth 5k and had profit of only 1k. Since sales and profit are not consistent an actual income can't be predicted. + +There are business which works on contracts, they don't have income for months and then after a few months there current account is credited with some money. So here also income is not consistent as it is with salaried employees. + +Like above two business examples there are more patterns where income from business is not consistent. Sometimes its on regular basis (1st exp) and sometimes its after months (2nd exp) and there are much more such examples in real life. + +Is there anyone on this sub who is himself a business owner or maybe knows someone who has a business, how do you manage expenses and investments? Like salaried employees you can't have a strict investment discipline (because income is not consistent), how is everything managed? +Yesterday my bf (34M) and I (34F) (2 years) sat down and really talked finances. I had been thinking of buying a house (my name only), so figured it was good to do. I knew he had a lot of credit card debt, but I don't think I realized how much... + +Some relevant things: + +* His mom is *verrrrry* bad with money. $15k of it is credit cards she convinced him to open together when he was 18 and is her debt. We had a conversation a few months ago when I found this part out. He told her he was going to turn off the cards. +* Most of it was accrued when he was 18-23; his mom couldn't help with college and so a large amount of it was charged on credit cards +* He's actually not bad with money now (*I know that sounds like an oxymoron*) but I think he's so underwater he doesn't know what to do. He does save for retirement. He wants to get it paid off. +* As far as I can tell, based on our conversation yesterday, paying the minimums, he has very, very little left over each month ($700 not counting rent, groceries, etc. - we live in a high COL area). +* We keep our finances separate (this is how I didn't realize how much debt he had...) + +So here are my major questions: + +* My job is secure and likely not to be cut during all of the current stuff. His job, not so much. We have discussed that if he loses his job we may get married (courthouse) for health insurance reasons. Marriage isn't something either of us really care about, although we do plan to be married someday, so for us it isn't a big deal. IF we were married, would his debt impact me (we would still keep separate finances)? +* What are his options? Is bankruptcy viable? How does that impact his shared cards w/ his mom? + +Any other relevant advice you can give that I'm not thinking about? + +&#x200B; + +Edit: This really blew up more than I expected it to (*man am I glad I used a throwaway now, lol*). Thank you so much to everyone who has given us advice (*the non-relationship advice, at least, other than what I asked for re: being married*). I don't plan to leave bf, we are in it for the long haul. He's a wonderful man who didn't have the best example growing up but he does WANT to be in a better position financially and I'm really proud of him for agreeing to face this head on and for being honest with me. That isn't an easy thing to do, especially if you weren't taught that growing up. + +For those wondering, we talked, and he's reaching out to a non-profit debt counselor first thing tomorrow morning to figure out his options and which route is best for him. +I just listened to Peter Schiff on the latest episode of JRE and I want someone with a knowledge of economics to weigh in here. Schiff says that the US is in major trouble with hyperinflation, unsustainable debt and a currency crisis on the horizon. He predicted the Housing Bubble and the GFC so is this a likely outcome and how will it affect Australia? Or is it catastrophizing the situation and another case of “a broken clock is right twice a day”? +It couldn't be more obvious. MSM is like "wow DOGE is on such a nice run" when it's going up, which basically means that a meme currency is devaluing the US Dollar, the world's reserve currency. Quite laughable actually but pretty pathetic. I feel bad for people working in MSM who have to suck HF dicks just to make a living. + +Also, if you like me were a former Robinhood user, you know how much they skim off the top in crypto in particular with the Bid-Ask spread. I've traded a lot of BTC on Robinhood and with a market order the price would fill anywhere from $500-$2k below the ask price at that point of time. Seeing how much retail is invested in DOGE, Kenny G is just working with Vlad to make some profits to continue kicking the can down the road. + +**Edit**: No, I am not a "butthurt investor who missed out on DOGE" (in reply to the user who DM'd me). I have been invested in Crypto for over a year now because I don't believe in the value of the US Dollar. I've just invested in Crypto that is available in a limited quantity and not DOGE which is just a promotional currency that is overhyped and can be printed like the US Dollar. + +**TLDR**: DOGE is just a distraction, don't sell, don't feel down. GME is the real hedge against this fraudulent market. +FINAL EDIT - DRS through Fidelity was shut off this morning but is back up and running. Personally, that was the final straw in me keeping any significant amount of shares in a "trusted" broker. Again, thanks to all sane humans that helped get to the bottom of this :) + +EDIT 4 - Just saw this on the Fidelity sub - [https://i.imgur.com/9M2sROE.jpg](https://i.imgur.com/9M2sROE.jpg) + +It looks like lots of other people had the same issue and it definitely has nothing to do with Computershare. The brokers are (surprise surprise) the problem. + +EDIT 3 - I'm getting a lot of messages both confirming that Fidelity decided to stop processing DRS this morning and also that it appears they have already reversed this decision and orders are again being processed. It does seem like the phone is the way to go, especially post dividend announcement. Either way, it definitely matters that they tried to pull that shit this morning and it's definitely given me the kick in the ass I needed to completely abandon Fidelity aside from a share or two. + +Thanks to everyone that contributed to this discussion and for helping us get to the bottom of it. To everyone else, it's kind of awful how many "thoughtless, reactionary trolls" we've got slithering around this sub. + +EDIT 2 - I'm also getting a lot of messages saying to avoid the chat bot and call direct "Edit this please to say when DRSing if they refuse tell them to connect you to the Corporate Compliance officer!" + +EDIT - I just got this comment "Spoke with a Fidelity rep just now, they were not accepting DRS requests for GME between 9 and 11am apparently due to determining circumstances around the stock split, but since they have confirmed that the record date is not until July 18, they said that it was back on for now, and were able to give me a confirmation number for a 3-5 day DRS transfer." Can anyone else confirm this is true? + +Like everyone else in here I rushed to DRS the remainder of my shares after last night's news. Well, it looks like the DRS party is officially over until after the dividend. This is pretty fucked, in my opinion. The last DRS batch I submitted only took a few days and could easily have cleared before the 18th. That is, unless they're running out of real shares to direct register. + +https://preview.redd.it/sizys1vco5a91.png?width=1942&format=png&auto=webp&s=6b139c9c6656c926697246a6fc27126dcfed1a68 + +This is all my fault, of course, as I should have DRS'd more beforehand. If your broker hasn't pulled this crap yet I highly recommend DRS'ing what you want now. + +Let this be a lesson to me to stop procrastinating and DRS every single share once the split is over. FML. +At 38, I am basically starting fresh(under 10k in retirement savings) but have found myself in a position to aggressively catch up. I have just made a 6 month emergency fund, paid off my outstanding debts, raised my credit score in to the mid 700s, and have reduced my living expenses to roughly 25% of my take home(including entertainment etc). + +Currently, I'm on track to max my 401k and my IRA while still having roughly 20k left over(potentially 35-40 next year because my emergency account is already funded). Where should I be putting this additional money to help myself catch up? +I received an unexpected sum and need advice on what to do with it. Here is my breakdown, if I’m missing something important please let me know. + +Current bank account + savings : $600 + +Windfall to 2nd checking account : about $48,000 + +Income: $0, I was laid off from PT job in March (Covid) and in 2019 filed taxes already for about $32k AGI while in grad school. + +I expect unemployment checks soon and the estimated: *$600/wk, edit * + +Estimated stimulus check (did have direct deposit for IRS in 2019): $1200 - tax + +Debt: +Student, currently 0% interest no payments required til I think fall? Total balance approximately $6500 + +CC (2), total approx $11,000 + +No-interest furniture debt : approx $2500 if paid at $65/month 2 more years (I have direct debit right now) + +Expenses: +-car insurance: $100/mo + +-payment toward mortgage (fiance owns the house): $400 if I have it + +-4 pets and nothing else major necessary besides food and toiletries. + +Goals: +-start my own local pet business , thinking of small business loan ? + +-save smart and grow money for having a family soon (getting married in a couple months) + +Thanks in advance for reading and helping ! +Apparently their gvt believes that the populace will gain immunity through everyday life. Swedish scientists are outraged. + +I'm wondering if there are any US ETFs or stocks or options that could be bought, as we all know how this is going to go. + +Thoughts? +Edit: gona have another crack at this… + +IMO it’s not about taking shares from the hands of MM’s and SHF’s to stop them shorting as such, as I think they would continue to due so (if the could) from institutions even if we lock the available float. + +I think it’s about traceability, at the moment nobody can say for sure how many shares are out there. if you can prove where all the shares are i.e account for 76.5 million shares then all other shares are synthetic and the game is up. As per below 34 million shares directly registered will do this. + +If we account for 74.1% of outstanding shares that would leave only 13.82 million shares Directly registered, that number has probably already been hit. + +And just for clarification on the “Unpopular opinion” that was in relation to Drs not being able dry up shortable liquidity short term, not that Drs 100% of available float is unpopular opinion + +************************************** + +Edit: Having had some nice chats below I think its obvious the Shares short number, the available/disclosed one (I know its a bonkers number) should be taken from the available float. Its all about what can be proven. Obviously things will happen when we get close to that number (perhaps 74.1% of it) but thats the game over situation. I haven't seen anything to prove that DRS is giving MM's and SHF's liquidity issues currently or at least enough liquidity issue to stop them hammering the price down. + +Example (may not be spot on but you get the idea) + +76.50 Shares outstanding (not shares circulating) +62.37 Float (insiders removed) +40.63 Available float (institutions removed) +34.21 Shares short removed (current reported number) + +100% DRS is just 34.21 million + + + +*Firstly I seek clarification here from wrinkly apes and I’m totally open to discussing this* + +So my thinking is that if there is 100-400 million shares out there then locking 10 to 20 million shares will not effect the SHF and MM ability to get their hands on shares to borrow. I know a huge portion are synthetic but the rules around borrowing are so lax, does this even matter? + +If the short interest was 130% in Jan we know they didn’t cover and we’ve been buying like crazy since with new apes joining everyday it is my personal belief that it has to be at least double that now (for me that’s the bare minimum). This means that there is plenty of shares out there for SHF an MM to continue their magic tricks until we lock the entire available float and GS get to pull the plug on them. + +Maybe I’m completely off the mark here an open to correction, will also delete post if I’m wrong. + +Edit:47% downvote.. If you disagree then comment and explain why +***************************************************************** +Example: I'll be getting the equivalent of $10k USD in btc and I'll be paying my friend $9k USD. I know that I'll be taxed as my crypto exchange is obligated to report to the authorities in my country. Other than the tax part, do I need to worry where he got the btc from originally? +I am a healthcare professional and have recently become a stay at home dad in order to care for my daughter with special needs. My wife is working full time, but we are still behind about $1000/month. We have cut our expenses to the minimum. I need to make $1000/month from home. I am desperate for any suggestions. +Great group, however, now that NOK hit $5.00 and passed same, Taking NOK out of the penny stock category, it’s time to say goodbye and wishing all of your investments in this sub should also say goodbye in the near future. +Pretty much every example of people doing fire successfully is people who are software engineers or other jobs that require a degree. I have no degree I am a blue collar worker fixing machinery at a factory working night shift. +Since the trend of retiring early (in 40's or early 50's) than normal age 60 is increasing, many look for the fix or guaranteed income as it provides a peace of mind with very low risk. Also, it doesn't fluctuate like FD returns. + +Appropriate asset allocation and investment is very critical for retirees. Considering the past data, the FD interest rates in India fluctuates between 5-10% most of the years in the past 20 years with few outlier years of 10%+ for a short time. In the current scenario, they are in the lowest zone. No one can predict the future, so it is difficult to tell whether the rates will go up again following the interest rate cycles or will go down further and lower interest rates for a long time will be a new normal. + +In such scenario, + +1. Do you think annuity should be a part of debt portfolio for early retirees like 40's? If yes, what would be the ideal % amount of debt allocation should go into it? Any thumb rule/ballpark figure? +2. Purchasing annuity during high interest rate cycle is no brainer, however, in current times, should early retirees wait to see if interest rates rise and purchase the annuity later or should they take a bet on the current low interest rates for annuity? +I have a PPF Account in Canara Bank & I maintain it offline. I had opened it 6 years back and I don't have any savings account in Canara Bank. I am planning to transfer the PPF Account to SBI or ICICI Bank as I have saving account in both of them, NET banking, etc among other reasons. What are your experiences with such a situation? + +1) What are the factors to be taken care when transferring the PPF Account from one bank to another? +2) What problems did you face while getting it done? +3) Is there any impact on the interest to be credited on the PPF Account? +Here's mine - I sold a 3/19 700 TSLA put on the first dip on Monday for a 3k credit. + +*then it dipped* + +On Wed, I rolled the 3/19 to 4/16 for an additional 2.5k. + +Currently, I'm sitting on -7k unrealized loss. At one point, it was -10k + +*And of course there are other unrealized losses* +Hey Theta Gang, + +Since the market is closed today, I was looking for some sort of overall portfolio guidelines and came across this interesting set of "commandments" from TastyTrade. + +You can find the post of 20 Commandments (19 if you don't count the self-promo for TT content) here: http://tastytradenetwork.squarespace.com/tt/blog/-tastytrade-trading-commandments + +I think these commandments are some really good guidelines for successful trading and here are a few of my favorites in no particular order: + +* Trade only in liquid products - tight bid/ask spreads and good volume + +* Overall portfolio probability of success should be between 65-75% + +* Target theta decay of 0.1-0.2% of net liquidity per day. This will vary depending on the IV environment. + +* Ensure your portfolio has the proper Beta weighted delta for your market assumptions (bullish, bearish, neutral) + +* Size your positions appropriately. You will see a lot of varying values here depending on your portfolio size, even from different people on Tasty Trade. Smaller accounts 1-2% buying power per trade. If you are $100k+ then shoot for under 1%. + +* Trade often and with consistent sizing. Be consistent with position sizing. Having 10 positions at 1% buying power and then a 10% position could destroy the favorable probability of profit we are shooting for if that large position goes poorly. Scale your contracts to match the sizing goals. + +* Use volatility to identify opportunities. Shoot for IV ranks above 50 to increase the chances of making money due to volatility falling in addition to theta decay. + +* Use leverage responsibly to increase returns. Position sizing helps greatly here. + +* Markets are random and cyclical, so technical analysis, fundamental analysis and tape reading are a crap shoot, and probably no better than 50-50 in the long run. + +What are some other guidelines or commandments that you trade by? + +**DISCLAIMER: I am in no way affiliated with TastyTrade. I just thought this would be a useful tool for discussion. I know Options Alpha has similar trading checklists/guides, as do other sites.** +This is a week and a half of wheeling. Still learning the ins and outs but I'm very happy with the results. Even the NERV drop, I'm gonna get assigned but I'll continue to sell calls and lower my cost basis until I can get out of it. Even with that unfortunate event, $421 in profit with another $642 in credit waiting to close I think I'm doing ok. This is so much less stressful than buying premium. I almost quit options and then I decided to give this a try. Glad I did so far. Still have lots to learn! + +&#x200B; + +https://preview.redd.it/rvwz3wvcdd251.png?width=3910&format=png&auto=webp&s=468ddec8a5b4e6fc728f1f330bce89621749cfdd +So he just read an article which states that the market will crash by 90% this year which will result in the biggest crash the world has ever seen. My attempts to convince him otherwise have all failed today. He is planning on selling his whole portfolio when markets open on monday. Anybody got any reasonable idea how to stop him?? + +Thanks in advance +https://www.npr.org/2021/11/10/1054019175/inflation-surges-to-its-highest-since-1990 + +> The Labor Department reported Wednesday that consumer prices were 6.2% higher in October than a year ago. That's the sharpest increase since November of 1990. + +> Price increases were widespread, with energy, shelter, food and vehicles all costing more. Excluding volatile food and energy costs, prices were up 4.6% + +> Much of the upward pressure on prices is the result of a mismatch between booming demand and limited supply, as businesses struggle to find both parts and workers. + +> Many employers have increased pay in order to attract more workers. But growing paychecks have quickly been eroded by the rising cost of gas and groceries. + +> "For families, they're feeling it right now," says Mary Daly, president of the Federal Reserve Bank of San Francisco. "If you got to a grocery store, you buy food that you usually buy, you then fill your gas tank on the way home so you can go to work or take your kids to school, you're feeling this." + +> "When you then look at the winter coming and you realize your fuel bill for heating your home is going to rise as the winter comes, you're nervous," she added. + +https://www.nytimes.com/2021/11/10/business/economy/consumer-price-inflation-october.html + Brand perception was also higher in the couponed group. Meanwhile, analysts at Credit Suisse found that Google searches for food-safety issues related to Chipotle have dropped sharply since the beginning of the year. + +My mother hasn’t payed tax on her rental flat for 10 years. I found out when I asked her and she said she didn’t know she had to. + +We are not rich, very much working class both working full time jobs. We only have two houses because my dad died and his insurance finished the mortgage on our flat. My mum struggled to live in our old flat as it reminded her too much of him so she took out a new mortgage on a new house, and rented out the old flat. +She gets about £600 a month. + +10 years down the line and no tax paid. She also called HMRC and let them know now they are sending a self declaration form. What should we expect in terms of how much she will need to pay back? And penalties? + +I’m worried sick because I know she doesn’t have any saved money and will be asking me or my sisters to help her out. +The last time Fargo Wells cut lines of credit with immediate effect was 2008. + +The last time we hit 5.4% inflation was 2008. (Expected to be higher for July)! + +As of January…Almost 8 months ago, SI over 240% probably much higher. Maybe 1000%!? + +SHF haven’t covered and continue daily to short the shit out of the stock. + +Rental moratorium expired sat leaving millions in arrears without help. + +Exponential rental increases in 2021. + +Delta variant exponentially increased with another lockdown in discussion. + +Debt ceiling not extended. + +GME is negative beta. + +Reverse repo hits OVER $1 TRILLION. + +History confirms every crash is result of too much fake money flooding the markets. + +No more free money coming in the post anytime soon. + +GME NFT’s coming. + +You couldn’t ask for any other Chairman than RC. The man is a legend and he will build Game Stock into a BEAST! I guarantee he won’t fuck Apes over. I trust that man. + +When you see the fuckery on the price, remember the FACTS. It cost nothing to hold, but it’s costing them billions. And soon, very soon, the world we know that we aren’t members of a cult, we are just average Jo’s not a stupid as some would like to make us out to be! +Be Patient +HODL +And sell after the peak to cause max pain and max tendies. + +If I’ve missed anything feel free to share! +🚀🚀🚀🚀🚀🚀🚀 +With the industry emerging in various countries, most notably the US, and the prediction of legalization in the UK and Australia, what is the best way to invest for the future? +I'll keep it vague to try and stay anonymous, but essentially I've been diagnosed with a terminal illness and will likely die within the next ~6 months. I am early 30s, as is my wife, and we have 2 very small children. + +Not at all looking for a pity party, but I'm trying to set everything up to be a simple as possible for my wife when that day comes. Until now, I've done everything in terms of finances and managing various accounts for our household. Everything from the mortgage, utilities, credit cards, investments, etc. has all been me. + +I'm currently trying to build a document that will have all the information for every account that she could possibly need, and I want to make sure I'm not missing anything, or not caught unaware of things I could do to ease this transition. + +To get a few FAQs out of the way, we own a home that has a mortgage, and I have substantial enough life insurance policies in place that should be able to provide enough income for her to continue living normally (if invested properly). She currently stays home full time with our children. + +Outside of the standard things of gathering usernames/passwords for all accounts and setting everything up on autopay to minimize the need for her to manage it, what are some other things to consider as we prepare for this dramatic transition? +If you have an HSA, you can now reimburse yourself for over the counter drugs via the CARES act. Helpful for those looking to tap HSA cash now or saving reimbursements for later amidst all the changes. Don’t forget to save the receipts + +[NPR Article for reference](https://www.npr.org/sections/coronavirus-live-updates/2020/04/01/825490269/save-those-pharmacy-receipts-new-payment-flexibility-courtesy-of-covid-rescue-ac) +Where do you guys stand on this? I'm very early in my career and I doubt it would do it any good if the higher ups got word I plan to be out in 10 years. On the other hand when my work friends ask me about my life, what % I contribute to my 401k, etc. I feel awkward lying, so it will probably get round I save a freakish amount (from their perspective). I don't volunteer information about my future plans but since I'm quite friendly with some of my colleagues I would feel awkward disguising my lifestyle. Thoughts? +**The Data:** + +&#x200B; + +We closed with the 50 day SMA at $34.66, and the 200 day SMA at $34.95 + +for a difference of $0.29 + +[Yesterday](https://www.reddit.com/r/Superstonk/comments/wm0qo9/golden_cross_update_tracking_the_convergence_now/) the 50 day SMA was $34.45, and the 200 day SMA was $34.97 = a difference of $0.52 + +[Two days ago](https://www.reddit.com/r/Superstonk/comments/wl7gwv/golden_cross_update_were_not_there_yet/) the 50 day SMA was $34.29, and the 200 day SMA was $34.99 = a difference of $0.70 + +&#x200B; + +Visual aid, close up: + +https://preview.redd.it/2o18ag8a9ch91.png?width=3840&format=png&auto=webp&s=5c001b7f80e81599ed1627e6add4a160892e69ab + +&#x200B; + +Here's the 2 year graph: + +https://preview.redd.it/upg3kn9b9ch91.png?width=3840&format=png&auto=webp&s=0ce24d5ab7fde40cb3f3199e62767b2e5c48eea7 + +&#x200B; + +and the 2yr log scale graph: + +https://preview.redd.it/dq3839kc9ch91.png?width=3840&format=png&auto=webp&s=0c942ef1980082d4ca57117ad0b9c4ee364ad109 + +&#x200B; + +&#x200B; + +If you want to know why I'm tracking it, here's [my post from 3 days ago.](https://www.reddit.com/r/Superstonk/comments/wkno2e/golden_cross_update_t2_since_a_post_faked_it/) + +Basically, I want to give apes accurate data and avoid misinformation. + +&#x200B; + +[how u\/matomika describes this event](https://i.redd.it/mt1yot7qa8h91.gif) + +&#x200B; + +**FAQ:** + +What is a Golden Cross? [Investopedia's definition](https://www.investopedia.com/terms/g/goldencross.asp), it's when the closing price of the 50 day Simple Moving Average crosses above the 200 day SMA. The Golden Cross is a lagging confirmation indicator, meaning that it confirms we are currently in a bull market. + +What happens after the Golden Cross? I'm not here to speculate, I'm only tracking the data for the Golden Cross. + +When do we cross? Check out the math below + +&#x200B; + +**The rest of this post is just fun with numbers:** + +&#x200B; + +Thank you u/jab136 [for crunching the numbers for us yesterday](https://www.reddit.com/r/Superstonk/comments/wm0qo9/comment/ijwlu2u/?utm_source=share&utm_medium=web2x&context=3) for what the price needs to do to see the GC. + +>I actually did the math for what we would have to hit or average over the next few days +> +>Sum(last 199 days)/200+x/200=Sum(last 49 days)/50+x/50. Solve for x, and you get what we have to close at the following day (simplifies to x=(sum(last 199 days)+4\*sum(last 49 days))/3 +> +>Sum(last 198 days)/200+2x/200=sum(last 48 days)/50+2x/50. Solve for x and you get what we have to average in the next two days (simplifies to x=(sum(last 198 days)+4\*sum(last 48 days))/6) +> +>Every day longer reduces the count of days on both sums by 1 and increases the denominator by 3. +> +>If we had hit $74.06 today we would have crossed +> +>If we hit $60.24 tomorrow we will cross +> +>If we average $45.23 over the next two days we will cross on Monday. +> +>if we average $39.93 over the next three days we will cross on Tuesday. +> +>an average of 36.80 over the next 4 days will cross on Wednesday. + +*Keep in mind this is from yesterday* + +&#x200B; + +His formula is sound but I ran the numbers myself and got different results. + +&#x200B; + +For closing price needed for the GC today I used + +((199SMA\*199)+x)/200 = ((49SMA\*49)+x)/50 + +((34.92\*199)+x)/200 = ((34.53\*49)+x)/50 + +(6949.08+x)/200 = (1691.97+x)/50 + +6949.08+x = 4\*(1691.97+x) + +6949.08+x = 6767.88+4x + +3x = 181.2 + +x = $60.40 + +&#x200B; + +needed $60.40 closing price to cross today, + +&#x200B; + +((34.88\*198)+2x)/200=((34.56\*48)+2x)/50 + += $45.12 avg til Monday close to cross, + +&#x200B; + +((34.82\*197)+3x)/200=((34.58\*47)+3x)/50 + += $39.83 avg til Tuesday close to cross, and + +&#x200B; + +((34.77\*196)+4x)/200=((34.64\*46)+4x)/50 + += $36.7633 avg til Wednesday close to cross. + +&#x200B; + +&#x200B; + +We calculated at different times so we probably used different numbers (I used closing prices up to last night, August 11, 2022) + +Or my math is just off so if you want to prove me or u/jab136 wrong, give it a crack. + +&#x200B; + +Stay zen and have a great weekend. + +&#x200B; + +&#x200B; + +TLDR: $0.52 difference in 50/200 SMA yesterday, $0.29 difference today, Golden Cross is even closer. +Someone from the inside (Bruno most likely) just restarted the ICO sale and bought millions of PRL tokens and went on to market sell them on kucoin. Stay Away! May be an exit scam. + + +Here is the eth transaction that opened the sale: https://etherscan.io/tx/0x2321e305c20f45429f11045b9235e9bbd66b17bacede173ca86144ac5533d3bf + + +Edit: It's official, Bruno has exit scammed. This is what happens when you support a project with an anonymous founder. OysterConeeeeect +As someone who is new in stocks, this sub has been really interesting and a good source of information. I've read a lot of people saying you should be doing your due diligence before buying a stock, which totally makes sense. As a new investor with a sea of information, I'd like to find ways to narrow that information down to what is meaningful. + +What tips do you have for doing your due diligence? What is the best place to start and where to go from there? Any type of information to be on the lookout for? Any signs that can represent something positive and of interest? Any patterns or other things that may be automatically considered red flags? + +I've left my questions intentionally vague because I'd like to get different people's views and suggestions on this matter, I'm sure everyone has different methods for doing their due diligence. + +-------------------------------------------------------------------------------------------- +Edit: Thank you for everyone's response, this has truly been enlightening! I knew there was a lot of stuff I didn't understand or know about, but this just goes to show that there is a lot to learn. I hope this post can help others in the future who may have some questions about investing. +Hi, + +I realise this situation can apply to anyone but it seems to occur more among immigrants hence why I mention it. + +I am in my mid-30s now and was bought to this country as a small child with my single mum. This country is absolutely amazing and we assimilated and blended into the culture of the country ever since we moved. + +After years of hard work I bought a home few years ago and had my mum retire after she worked tremendously hard working from 5am to 10pm sometimes in a factory when I was growing up. + +We never had a home in our home country or here previously so it was a proud achievement. + +I have a lot to be grateful to my mum for raising me as a single mum. + +However I am realising that my own time is ticking, I am in my mid-30s as a man and my mother lives with me in the home we have. + +My personal bank account hit almost £0 twice. Once when I put down all I have for the mortgage and again when I paid off my mortgage recently. I saved hard to place myself in a secure situation again. + +I am now in a position where I have around £60k in savings and helped my mum save around £100k. + +My wish is to move out of the home and let my mum live there, no rent, no nothing. The home is in my name and the mortgage is paid off. She won't feel comfortable renting out rooms in the house to anyone so it's not a problem, I don't want any income from the home. + +What I am craving is my own freedom but I feel nervous about my situation. I am self-employed via my LTD company having set this up less than 3 years ago. + +My income is usually around £40k-£50k a year after tax. + +Financially I may be able to give my mum around £500 a month on top of £450 she receives in pension a month. + +Would that leave enough to support myself and her if I were to live independently? + +Area wise I live in the very very outskirts of London and am thinking of moving out further as I also am fed up of London. + +I ideally don't want to share any more and want to rent or own my own place. + +What would you do if you were in this situation? + +Sorry if my post is all over the place. Essentially I think what I am trying to say is I've put my mum in a safe situation I think and now I want to live my own life. But financially maybe I am unsure about myself. +Grandmother is sick, and uncle doesn't have the time or desire to deal with her on a daily basis. He's offered me 60k a year to drive her to appointments, fix her meals, keep an eye out for health issues, etc. I would live there rent-free. I just don't know what's the best/smartest way to handle the actual money from a taxation perspective. + +Also, am I being shortchanged here? I've been working as a customer service rep making about $35k a year but this is a much more "full time" type position with no real vacation. She's my grandma but we're not extremely close or anything. +This is incredibly super shady and is going to make me think twice when using [crypto.com](https://crypto.com) app platform again. Right now, 12:10 pm PST time I'm trying to withdraw ETH and BTC. + +On [L2Fees.info](https://L2Fees.info) it has it ETH listed as 0.36 USD. Even on their own CDC defi app the meter is at all time low of 12. + +However when I tried to withdraw, the fee was 0.004 for ETH which is 4.30 USD. I thought it was a mistake so I went to coinbase and tried withdrawing and it was 0.000252 ETH, so 0.27 USD. The price difference here is literally 15x difference WTF? + +Ok tried bitcoin instead. On [crypto.com](https://crypto.com) it wants to charge me 0.0006 that translate into 11.59 USD. On coinbase its 0.00000388 , 0.075 cents USD. WTF WTF. Even on a busy weekday coinbase was about .25 cents and these fuckers wants to charge 11.59 ? + +Here is as summary + +ETH + +|estimated on [L2Fees.info](https://L2Fees.info)|0.36 USD| +|:-|:-| +|crypto.com|4.30 USD| +|coinbase|0.27 USD| + +&#x200B; + +Bitcoin + +|crypto.com|11.59 USD| +|:-|:-| +|coinbase|0.075 USD| + +&#x200B; + +I think this is very concerning. Maybe they are just trying to price gouge however I'm wondering if they are purposely making it unattractive to withdraw for some nefarious reason - what they worry about? + +This is very mess up and people should really consider this point when trying crypto.com. + +TLDR: + +[crypto.com](https://crypto.com) app is charging 15x and 154x more in withdrawal fees ( eth, BTC respectively ) then coinbase or other projected price from public sites. We are talking about 7 cents compared to 11.59 dollars here so its not a trivial rounding error. + +\- sorry for the spelling/grammar I'm so mad right now I can't even type correctly. + +&#x200B; + +edit: 5:50 pm , PST with that said, BTC average is about 7 cents USD and ETH is < 0.25 USD even on a defi wallet - this is amazing. +Excuse the English. I have been interested in Bitcoin for some time, though I have never purchased. + +So the ATM's are closed, and that makes me nervous about my money future. I don't need to pull out cash, but if we vote No on Sunday, I am afraid for how hard it will be to move money when I need it. + +Several friends have bought Bitcoin as the safety measure. But I worry about random price movements. Why should I trust it not to lose all value? + +I would like to hear what you think. +This is it my fellow apes, today is the day we ride!!!! + +Today is the starting day of FOMO, im the one of the 90% who buying. Im the first wave of FOMO, and i can guarantee you there will be another bigger wave follow up behind me. + +I rather FOMO at this price, then at $300+ + +This is my 2nd chance god give me, i will sell my underwear to get as much shares as i can. + +Its time for YOLO!!!!! Wowowowowow arrrrrr + +I smell money, fear and wedgie from hedgie. Lets goooo and grab their weewee and pull them from the planet earth. +If we want to move Roth and other IRA/retirement accounts to Computershare, we need to bring the conversation to them. According to the shareholder meeting today, GameStop is not able to have retirement accounts registered directly because of Computershare. + +No point talking to GameStop about it anymore. + +Who has suggestions on contacting Computershare? Retirement accounts could be a game ender for locking the float. + +EDIT: credit to u/Blargon707 + +Links to contact Computershare on their website or on Twitter! + +https://www-us.computershare.com/Investor/#Contact + +https://twitter.com/Computershare +It's the only thing I see right now. Superstonk should be focused on things in this order. + + +1. DRS your shares, so that you own what you pay for. NFA. +2. If you're looking for something interesting, go ahead and follow the appeals court coverage of Citadel vs. dLimit order stuff. + +We know that orders going to IEX can and are often routed through Citadel first. Citadel does some of it's trading on IEX. Obviously their preference is a darkpool, but I think we've seen enough DD to be able to recognize that DRS is the only real way to own your shares. Purchasing, methinks, should be done through Computershare until the market is actually fixed. + +While Fidelity offering IEX trading is a win, it doesn't fix the market. +I have been wondering when Fidelity would open up voting, but hadn't seen a post anywhere. I figured I'd check with them and see if they had an answer. + +The rep I talked to said they found out last week that proxy materials would be available on Wednesday or Thursday this week. It's a common question they've been getting in the last couple days, but I don't think I'd seen any posts here. Figured I'd pass along the message in case others were going to try to call or chat to find out. + +Once voting opens, go vote as soon as you can! + +Proof: https://imgur.com/gNKF68T +Guten Morgen to this global band of Apes! 👋🦍 + +Yet another week in the GME saga has begun, ripe with the potential to be the week that the MOASS begins. Friday had remarkably low volume - the first such day where the price closed above $200. It *also* had an uptick in the borrow fee to over 1%. That's certainly not going to prevent the borrowing and shorting of shares, but both are indications that DRS is having an impact and that Apes need to continue to DRS shares to ensure that the trend continues. + +Meanwhile, there continue to be hints that the Loopring partnership will be announced soon, quite likely before the end of the year, which would likely put such an announcement in the next week or two. While so far we can only speculate as to what it will be, the team that Ryan has assembled this past year gives me great confidence that it will be a huge step in the transformation of GameStop. The company that SHFs thought they could kill just a year or two ago is stronger than ever, has enormous support from consumers and shareholders, and is on a path to revolutionize retail. I am eager to hear what they are working on! + +Today is Monday, November 15th, 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: **$204.30 / 178,46 €** *(volume: 2344)* +- ⬜ 115 minutes in: $204.30 / 178,46 € *(volume: 2322)* +- ⬜ 110 minutes in: $204.30 / 178,46 € *(volume: 2314)* +- ⬜ 105 minutes in: $204.30 / 178,46 € *(volume: 2312)* +- 🟥 100 minutes in: $204.30 / 178,46 € *(volume: 2300)* +- 🟥 95 minutes in: $204.32 / 178,48 € *(volume: 2037)* +- 🟥 90 minutes in: $204.38 / 178,53 € *(volume: 1937)* +- ⬜ 85 minutes in: $204.39 / 178,54 € *(volume: 1826)* +- 🟩 80 minutes in: $204.39 / 178,54 € *(volume: 1807)* +- 🟥 75 minutes in: $204.36 / 178,51 € *(volume: 1797)* +- 🟩 70 minutes in: $204.39 / 178,54 € *(volume: 1691)* +- 🟥 65 minutes in: $203.07 / 177,39 € *(volume: 940)* +- 🟥 60 minutes in: $203.26 / 177,55 € *(volume: 905)* +- ⬜ 55 minutes in: $203.35 / 177,62 € *(volume: 905)* +- ⬜ 50 minutes in: $203.35 / 177,62 € *(volume: 902)* +- ⬜ 45 minutes in: $203.35 / 177,62 € *(volume: 861)* +- ⬜ 40 minutes in: $203.35 / 177,62 € *(volume: 807)* +- ⬜ 35 minutes in: $203.35 / 177,62 € *(volume: 802)* +- ⬜ 30 minutes in: $203.35 / 177,62 € *(volume: 802)* +- ⬜ 25 minutes in: $203.35 / 177,62 € *(volume: 744)* +- 🟩 20 minutes in: $203.35 / 177,62 € *(volume: 728)* +- 🟩 15 minutes in: $201.66 / 176,15 € *(volume: 421)* +- 🟥 10 minutes in: $201.60 / 176,10 € *(volume: 324)* +- ⬜ 5 minutes in: $201.97 / 176,43 € *(volume: 190)* +- 🟥 0 minutes in: $201.97 / 176,43 € *(volume: 163)* +- 🟥 US close price: $202.10 / 176,54 € *($201.00 / 175,58 € 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 1.1448. 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! +My husband and I opened an Individual Development Account (IDA) early this year with the stated intention of saving for a down payment on a house. We've since discovered that no one knows what IDAs are, which means that *tons* of people are missing out on a huge boon. + +If you make up to 200% of the poverty level, you are eligible to open an IDA. It's essentially a matched savings account. You save at least $25 a month, and the program matches 3 dollars for every dollar you save--up to $3k a year for 3 years. Your savings contributions are tax deductible in some states, and more tax benefits are available when you withdraw your savings. Savings must be put toward a set goal, usually college savings, home repairs, a down payment or purchase of business equipment. + +Here's the best part: there's literally no downside. If you change your mind, your own savings are returned to you with any interest earned. If your income goes drastically up, you're not kicked out of the program. It's a fantastic program to get in on if you're low-income now, but expect your income to rise in the near future (ahem, college kids). + +We applied when we were both jobless early this year and were accepted, depositing $85/month. We're now pulling a combined 60k, but are still in the program. When we buy our house in 2.5 years, we'll have saved $3k in this account, but will be withdrawing $12k. We will get another $2k back [as a tax *credit*](http://www.freetaxusa.com/display_faq.jsp?ida-withdrawal-home-purchase&faq_id=1316) on our closing costs. + +It sounds too good to be true, but this is a real, government-backed* initiative! And I want more people to take advantage of it! To find an IDA provider near you, [search here](http://cfed.org/programs/idas/directory_search/). + +**EDIT:** Now that this is blowing up, let me clear up a few things. First, I'd like to echo /u/ritchie70 and ask that you *please* be respectful of what these programs are designed for--both ending and preventing generational poverty. Please DO NOT try to figure out how you can qualify on paper if you are not truly in need. + +Because the program is intended to end cycles of poverty, money can only be used for qualifying expenses...usually a home down payment or business expenses. You can't buy a car, sorry. + +*I first described the IDA as a "government-backed" program because I wanted to lend legitimacy. This is true in my state, as the initiative was created by the state legislature and is funded by state tax credits. IDAs are appropriated through various NGOs, but the matching money usually comes from the state. It appears this isn't true in all states, so I'm sorry for any confusion. + +Lastly, I am trying to answer questions, but I really have no idea where one is near you or what the rules are in your state. Try some Googling and then call your nearest provider. + +Very excited, I have only shared this with close family members. My wife and I are completely debt free. I did this mostly by working my butt off starting a marketing agency three years ago. I doubled my income each year and hope to do it again. + +Our debt was: +$175k house loan (live in duplex so we get rental income) +$45k student loans +$15k Medical bills from having child two years deductibles wife + kid (deductible reset during complicated pregnancy) + +Other major expenses +Cars we bought with cash $6k each + +We just limited our spending and threw all our income at our debt. Mostly free or used items for child, except car seat. + +Some serious hustling, 70 hour weeks first year and a half. Now I can get away with 50 hours. Got employees now. My wife works part time. + + +… a short interest of over 100 % + +… the resulting implication of naked shorts ( aka crime ) + +… the timing for the new formula of short interest + +… the removal of the buy button for retail only + +… that noone got punished for this mess + +… the painful congressional hearing with all it‘s professional incompetence , and missing the topic by talking about GaMiFiCaTiOn + +… the self-presentation by politicians and celebrities like they would care + +… the sheer amount of bots spamming tickers like popcorn + +… the SEC reporting that the sneeze was due to retail sentiment, not shorts covering + +… the ridiculous spike in puts, especially DOOMPs + +… the brazilian puts + +… Melvin saying they closed their positions, loosing money and closing the fund nevertheless + +… all the shit talk by MSM + +… the late february 21 pump, the March 10th flash crash, both not being caused by retail + +… DFV being an absolute legend + +… Dr. T and Criand explaining why DRS matters + +… Apes not leaving + +… the rest of the world leaving, treating it as a „whoopsie“, not concerned about the inner workings of financial markets + +… that every god damn short seller is a buyer one day + + + + +What‘s something you still remember that should never be forgotten ? +The Situation: + +Back in January Hedge funds called the wolfpack who aggressively short companies together on the market into bankruptcy were caught with their pants down when the companies did a full reversal due to retail investors simultaneously investing in undervalued retail stores coming out of the pandemic. + +Knowing the Wolfpack: + +It operates as independent hedge funds that function as a hive mind, shorting the same company together to make more money. Bailing themselves out of trouble like in January \*cough cough\*. + +What is a short: + +When you sell a stock and owe a share on your account but have the cash equivalent from the time you sold the security credited. Prime brokers or banks all the popular ones in the US will allow hedge funds to short a stock anytime they ask even if there are no shares to short available to profit 1% from the transaction. When the prime broker cannot locate a share for the short later on it is marked as an FTD and send to the DTCC who is supposed to be a regulatory authority but doesn't do its job because it is full of corrupt people that profit more from fines. + +The Perfect Platform: + +There was a brand new start up trading software literally called robinhood that marketed itself to retail investors and was hugely popular for obvious reasons in name as well as human factors software engineering. The beautiful thing Robinhood did for everyone in January which was actually seen as the beacon of light for retail (when they listed every stock we shouldn’t attack) \*Wait hold the fuck up Vlad is Actually the Good guy?\* was when the trading platform prevented retail from buying the shorted securities in the January short squeeze and only allowed selling which gave HFs a chance to get those shorted shares back. The problem is…….No one fucking sold. The biggest most popular two stocks are GME and AMC who have since January done big things to stay afloat and outlast the shorters. AMC is different in the sense citadel is long, their buddy Wanda sold early, it’s almost like citadel is afraid to go short on it but wants to control the price I would be careful here apes, I was able to connect Wanda to the short hedge funds and it looks like they just told their buddy to hop out. GME is especially being known for doing a complete business transformation involving a board of directors composed of ecommerce industry leaders from chewy and amazon. Their Chairman, Ryan Cohen ex-CEO of chewy leading the ship to a complete turnaround in revenue, eliminate debt, improve customer service, and expanding the demographic in such a short time. + +Fast Forward to Now: + +Hedge funds that originally had Billions now have their cash all locked up in margin accounts with the prime brokers or banks. The banks have given them 10-30 to 1 leverage on shorting securities as long as they can keep enough collateral in the account. The hedge funds have found lucrative ways to stave off margin calls over the last 4 months doing everything from a textbook crypto currency Bull trap: + +&#x200B; + +https://preview.redd.it/rlvokkh7w6171.png?width=512&format=png&auto=webp&s=894c40073929a2297d40c72a57fc4c432f19a73b + +To shorting treasury bonds: + +&#x200B; + +https://preview.redd.it/f5s9ox98w6171.png?width=878&format=png&auto=webp&s=43cef460f5814a8b391a62ec4d3ffbaa4516f1fc + +The federal cap on reverse repo is 500B we are expected to hit that before Friday…. + +&#x200B; + +https://preview.redd.it/h8oqv6y8w6171.png?width=1495&format=png&auto=webp&s=57d9ef780564cb3b52bcbca0fa5fe8d776235638 + +This is how I found out that hedge funds were using crypto to make cash to use for Margin^. u/criand recommended I add the FTD dates to this to show that the arrows are pointing to FTD spikes: + +January 29 +Feb 25 +March 11 +May 17 +(See his post for more info on FTDs trying to keep this simple) + +If you’re a numbers ape please reference this post here: https://www.reddit.com/r/Superstonk/comments/nkde38/bitcoin_address_activity_appear_to_mirror_gme/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +OP describes tracking the address of the account stating that it is capable of perfectly timing markets and their trading strategy resembles an institutional investor or bank then further goes into its transaction history.... + +Another data point that can help prove my point here is the US margin debt value taken in March at 822B it’s up 72% from last year that’s 350B higher than last year think about that what event happened that required a stupid amount of cash on margin? Shorting stocks to oblivion. While not all of that number is hedge funds that number is also from March and there’s no sign of them covering, meaning it’s only gone up since then. 1T just got wiped from crypto and there’s most likely exactly 1T in margin debt of which 80-90% is probably hedge funds. I don’t believe in coincidence…. There’s no way retail traders make up a 72% increase in margin. Margin data that was primarily used by hedge funds in the first place. + +An Ape in the comments added that shills were being paid to spread FUD in crypto, completely untraceable. It would be easy to pay in crypto when you have huge crypto wallets as well, just another clue of their illegal activities. + +5/24 entry: My suspicions of another member defaulting last Monday on the pivotal date of FTDs May 17th was correct. [https://www.ft.com/content/c02a6e97-5505-4d4a-933f-a0e934ca6eda](https://www.ft.com/content/c02a6e97-5505-4d4a-933f-a0e934ca6eda) + +Greensill is down. This makes HF no 5 I’ve counted so far, bank no 2 that has shorted the meme stocks another small entity. How this one ties in: the clearing house estimated to come knocking tuesday 5/25 will be for them. They have publicly announced failure today as another bank took control of its assets. The last step in day 5 of the self winddown next step is for the clearing house to close short positions. + +Why Greensill defaulted and bringing an Italian bank down with it connected all the dots: when archegos fell a while back they almost liquidated credit suisse a pretty big bank. Archegos was a small hedge fund. This confirmed the banks and the hedge funds are paired up and the banks act as the prime brokers for the hedge funds and make massive amounts on share lending and Payment for order flow. This is how they were able to **beat earnings** but then ask for **record high bond sales**! The final piece of the puzzle! The smaller the hedge fund the smaller the bank they are partnered with….the bigger the hedge fund the bigger the bank! Look back two months ago. What banks sold bonds for liquidity? + +This leaves many people wondering what will happen, this leads me to my next section of: I’m not a physic but I’m pretty damn sure I just read these wounded animals like a fucking book. + +My Prediction of Future Events: + +Tuesday May 25th there will most likely be a T+21 Buy, a clearing house closing Greensills positions, and major whales trying to margin call HFs…… This day will result in 1 of 2 outcomes: + +1. HFs give in and let us win because they know they cannot beat this buy pressure. +2. HFs use all the remaining margin from the repo market (100B) to short our offensive one last time + +The Federal banking committees (congressional and the senate) are set to meet with the biggest banks on wallstreet to what I can only assume to be them talking politely to the banks asking them:”Why the fuck have you let this get so fucking far out of fucking control you stupid fucks, I have no more cash in the repo market to lend you” + +Meanwhile in the stock market we cause the biggest margin call of US history. Lets do a rough estimate of margin here: All the leverage given by banks at 10 to 1, the entire 500B in the repo market, the 1T in crypto, the HFs individual total assets…..eh maybe 2T-3T dollars short?....... + +Once the reverse repo market hits a cap at 80B per party but not every party that can be involved, wants to be involved the hedge funds are done. No more cash to pull from to maintain collateral requirements. The government will put a cap on this if it keeps growing at this rate. No one has enough assets to cover this fuck up. Soooooo Bam Margin call hits Friday-Tuesday on everyone short. This gives 5 business days for them to get their affairs in order and then clearing house buying computers will step in and rip these meme stocks to the high fucking heavens. MOASS baby. + +Why does this have to end by June 6th? If a true count of how many shares were shorted, naked shorted, rehypothecated ever got out the US financial market would be seen as an absolute fucking scam by the entire planet(if this whole story didnt already). This is why the government has put pressure on the regulatory authority to force the hedge funds out of their positions. You think the government had nothing to do with this? Who kicked out the old chairman and put in Gary Gensler? Who has since his appointment been dropping rules meant to squeeze hedge funds out of shorts non stop? More collateral=fast squeeze. More available players to bid on assets=sprinkling some blood in shark infested waters. Here Blackrock come squeeze the hurt hedgey so you can take his and all his prime brokers assets! The ducks are all in a line to kick this bad boy off by the end of this week, early next week. When banks and HFs collapse from overleveraging assets their stuff goes to auction. Meaning this event will cause the biggest stock market crash we’ve seen in possibly forever depending on how well banks manage their assets. Just enough buy pressure, or a slow bleed across a few days and they run out of collateral. BUY HODL VOTE. + +P.S. When you’re rich, set aside cash for taxes before you go dumping into very attractive companies at 50% off or a new house or a car. And for all you assholes that don’t like dates Fuck you you’ll get over it. + +May 26th edit: Well this just got spicy, lemme give ya a rundown of what most likely happened yesterday. Short sellers lost 618M in a day and the FTD cycle will be spread out across a 2 day span. Most likely there’s been a margin call again, meaning we have a 5 trading day winddown period before another clearing house has to buy. Because a shit ton of options contracts just slid ITM after yesterday, expect a potential gamma on Wednesday the latest day options that are excersized can be delivered shares......Morgan Stanley booted their prime broker. Shit just got real, the chain reaction is about to run. Remember what I said up there👆 +The more members that default the more shares have to be force covered by a clearing house, until they get broke then the DTCC has to pay. The same entity that let all this happen this whole time when they were skimming fines from billions of FTDs from prime brokers...... ok I’m done. + +Special Thanks: + +My buddy Brian finance Major from Rowan University who has repeatedly gone to finance professors and asked questions for me he didn’t know the answers to. + +My buddy Rahi, a Physics Major who helped me run some numbers on work nights. + +My GF for believing in my crazy rants about GME, doubling down with me in your own brokerage account, and Supporting me while I work 3 jobs and spend more time on research and career progression than you. + +u/HomeDepotHank69 for convincing me to share this DD despite the Shills and No dates haters that have since swarmed my account. + +Here’s to being filthy fucking rich, cheers DFV. +I have 4 credit cards. I can’t apply for anymore. My biggest one has a 24% APR unfortunately, and I’ve lowered the balance by $5500 in a year. I’ve been making the minimum payment on the other 3 cards, two have $1500 balances, and one has $2000. + +The big balance card is offering me a balance transfer promo, where the balance transfer APR will be 9.99% for the life of the balance. The minimum payment each month amount will apply to the balance transfer balance, and then anything above and beyond the minimum will go towards the balance that accrues 24% + +I’d keep paying $500 a month, and then throw the payments I’ve been making towards the other 3 cards to the one card. + +Does it make sense to do this? The other 3 card interest rates are all above 20%. Oh, and there is no balance transfer fee. + +It will result in having a card with almost a $10,000 balance, which will psychologically suck, but I think it makes sense in the long run. +EDIT: This is an important update! I made a mistake with the KOSS ETFs. When searching for ETFs containing this stock I ended up on the page for KOS [https://www.etf.com/stock/KOS](https://www.etf.com/stock/KOS). So all my KOSS ETF plots were wrong. This is just a small part of the post but it does mean that IWM alone can't be driving price in all these meme stocks. And KOSS has no options trading. So weird that it moves with the others, could this be a sign of massive Archegos style exposure in the shadowy unregulated Swaps market?? + +# Introduction + +Since my last major post a lot's happened with our favourite stonk. Top DD apes like u/criand and u/HomeDepotHank69 have dug into how the FTD cycle impacts price down the road. u/RocketApes managed to build a model to predict GME price movements. And we saw another big price movement up to the edge of $350[.](https://preview.redd.it/vd301zksol571.png?width=4500&format=png&auto=webp&s=fc0e1e050248189449d35e7cb5f498a39bb694d3) + +The purpose of this post is to update a lot of the figures I've shared previously while adding a few more observations. I'll give brief descriptions of what each figure is showing but I'll not go into deep speculation here. Instead I'll possibly work on a follow up theory post in the coming days but already make all the data in this post available to the community. + +My previous posts went into a lot more speculation and can be referenced if you're interested in going deeper in a particular area: + +1. [**The naked shorting scam revealed**: lending of market maker privileges, the married put trade and why inflicting max pain will bleed them dry](https://www.reddit.com/r/GME/comments/mgj0j1/the_naked_shorting_scam_revealed_lending_of/) +2. [**The naked shorting scam update**: selling nude like its 2021](https://www.reddit.com/r/GME/comments/mh6lnz/the_naked_shorting_scam_update_selling_nude_like/?utm_source=share&utm_medium=web2x&context=3) +3. [**The naked shorting scam in numbers**: AI detection of 140M hidden FTDs, up to 400M naked shorts in married puts and massive dark pool activity by Shitadel and the shorts](https://www.reddit.com/r/Superstonk/comments/mvdgf5/the_naked_shorting_scam_in_numbers_ai_detection/?utm_source=share&utm_medium=web2x&context=3) +4. [**The naked shorting scam using ETFs**: mass shifting of FTDs from GME to 20+ ETFs & 27+ billion dollars still owed in remaining SI](https://www.reddit.com/r/Superstonk/comments/n1vgbb/the_naked_shorting_scam_using_etfs_mass_shifting/) +5. [**All New 13F filings**: data visualised for all major fund position changes and the new short players in GME](https://www.reddit.com/r/Superstonk/comments/nev6po/all_new_13f_filings_data_visualised_for_all_major/?utm_source=share&utm_medium=web2x&context=3) +6. [Analysis deep dive: looking at historical SI% + FTD data and modelling share borrow fees since Jan](https://www.reddit.com/r/Superstonk/comments/mma7eh/analysis_deep_dive_looking_at_historical_si_ftd/) + +Now to get into the data and see what the fuck has been going on with reported stonk numbers in the last weeks. + +*Note: this is not financial advice. I am not a cat. I gathered some data, made some figures and tried to understand them. Any number of my interpretations could be flawed and wrong. Do your own research, make your own mind up.* + +# Understanding the Cycle: Fails to deliver (FTDs) in GME and linked ETFs + +A lot of great posts in recent weeks have looked at T-21, T-35 and more recently net capital requirement cycles. Other apes have pointed out that price often moves upward just before short interest (SI) reporting cycles to manipulate down their numbers. + +Although elements to all these theories are now close to proven there remain some outstanding questions. Why are the cycles apparently so clean without many overlapping cycles? What is the exact trigger for the shorts' FTD countdowns? + +I don't have the answer to these but I'll put out a bunch of data that might help the other wrinkly apes improve their theories. In later sections I also try to understand what is linking the different 'meme' stock price movements in 2021. + +&#x200B; + +[Total FTDs for GME and selected ETFs in 2021 with GME close price overlaid.](https://preview.redd.it/vd301zksol571.png?width=4500&format=png&auto=webp&s=fc0e1e050248189449d35e7cb5f498a39bb694d3) + +Fails in GME dropped off after the January mini-squeeze but were transferred over to GME containing ETFs from February onwards. IWM and XRT are the most popular ETFs to naked short and fail on. In mid-May IWM, the *iShares Russell 2000 ETF*, had a massive 4 million share spike in FTDs. GME price began to rise steadily shortly after. + +&#x200B; + +[Total FTDs for GME and all ETFs combined in 2021 with GME close price overlaid.](https://preview.redd.it/12jl7hzuol571.png?width=4500&format=png&auto=webp&s=d2cde3c0a6237ea464cb419c6664b5b9fba393ce) + +Although I only selected the top 19 GME containing ETFs for most of the analyses (first figure), when I grouped all GME containing ETFs together (more than 70 of them) we see that the pattern of FTDs in 2021 is very similar. This means that the selected 19 ETFs contain almost all of the interesting FTD info. + +&#x200B; + +[Total FTDs for GME and selected ETFs in since Jan 2020 with GME close price overlaid.](https://preview.redd.it/wb6gjdhzll571.png?width=4500&format=png&auto=webp&s=cdf92de9dbaebbd1542211b936f8ade353235cc9) + +Looking back on GME and ETF FTDs since Jan 2020 we see that the recent large spike in IWM FTDs is actually relatively small compared to some of the FTD spikes seen in 2020. On 3 separate occasions in 2020 IWM FTDs spiked to over 8 million shares. + +# The link between GME and other 'meme' stocks + +So it's clear to anyone that's been watching GME and the 'movie stock' for a while that they move together in a way that would not make sense in a free market. + +Here's a figure I put together covering up to the end of May 2021. Clear correlation and fuckery between these 3 stocks. + +&#x200B; + +[2021 price movements for GME and 2 other well known 'meme' stocks](https://preview.redd.it/0oeky4jf5m571.jpg?width=2414&format=pjpg&auto=webp&s=3fb2229a8e39b33b8e9cd7475ab6c2febb67b7c7) + +Since I made this figure the movie stock has diverged from the GME trend. But why? Here are some figures to compare and some basic speculation. + +&#x200B; + +**Value of fails for meme stocks: GME, movie and headphone stocks** + +These plots take a look at total fail values for meme stocks and associated ETFs. It's important to plot these in fail value rather than total failed shares because each stock has a different free float and share price. + +&#x200B; + +[Total Value of FTD fails for GME and selected ETFs in 2021 with GME close price overlaid.](https://preview.redd.it/jf8ckih0pl571.png?width=4500&format=png&auto=webp&s=18d9d3ad79f57ed2b9e9c91523f37a255abee1d1) + +&#x200B; + +[Total Value of FTD fails for movie-stock and selected ETFs in 2021 with close price overlaid.](https://preview.redd.it/36ip4ow4pl571.png?width=4500&format=png&auto=webp&s=c64a8b6b2019578e71414cddd1c7cb0e722b2dff) + +&#x200B; + +[Total Value of FTD fails for headphone-stock and selected ETFs in 2021 with close price overlaid.](https://preview.redd.it/ugipwpabez571.png?width=4500&format=png&auto=webp&s=e82e4bfd5975a016545709f4e265df7630895148) + +What do we notice? Well the value of fails for movie-stock has always been relatively small with just a single day in January with large $100+ million dollar fails. GME has larger fail values in Jan across multiple days but has then dropped off in following months. Headphone stock is a smaller company with direct fails never going above $20 million. + +GME also has large fails across a bunch of ETFs but with most of the fail values occurring in IWM. *The movie-stock has fails almost exclusively for for IWM*. *Headphone stock fails are almost exclusively in VXF.* + +What links GME and the movie stock is their inclusion in the same *iShares Russell 2000 ETF - IWM.* IWM has been shorted to shit since Covid came around. It must've seemed like an obvious choice to short a bunch of vulnerable companies all at the same time. Fails are massive for IWM with up to 5-10% of total ETF shares failing on certain days in the last year. + +Headphone stock is in completely different ETFs but it looks like some of the large ETF fail spikes might line up with IWM. + +&#x200B; + +**Reported Short Interest for meme stocks: GME, movie and headphone stocks** + +Now we've looked at FTDs in these meme stocks let's take a look at reported short interest. This number is prone to manipulation and is reported by the very people that benefit from manipulating the number down. That being said let's see how the 'official' numbers compare. + +&#x200B; + +[Total value of reported SI for GME and selected ETFs.](https://preview.redd.it/pcnirq7lpl571.png?width=4500&format=png&auto=webp&s=fe4db101d80512e6893f3556bf013cbaea7581bb) + +&#x200B; + +[Total value of reported SI for movie-stock and selected ETFs.](https://preview.redd.it/ww7elprnql571.png?width=4500&format=png&auto=webp&s=8f655b223c2d571cf593e298c7819b1d40780daf) + +&#x200B; + +[Total value of reported SI for headphone-stock and selected ETFs.](https://preview.redd.it/u347qtsjfz571.png?width=4500&format=png&auto=webp&s=c1727636350be5590f36707dfb5d47d3a17ab720) + +Movie-stock SI value owed is almost exclusively coming from IWM. Since the recent run up the reported SI for the movie-stock has also increased to a similar value owed for current GME reported SI value. + +For the headphone-stock the vast amount of reported SI value is coming from the VXF ETFs. The short interest value exploded in Jan 2021 and it appears that little short interest was present in 2020. *What the hell is driving this stock to move like GME??* + +The value of GME reported OI is also dominated by the huge open short position in IWM but also with relatively large short positions in XRT and VTI. + +So the IWM open short position is insane. Current value owed by reported IWM shorts is $30 billion when total IWM net assets are just $68 billion. That's 44% of all assets in the ETF that have been short sold with a borrow. This doesn't even include the huge number of FTDs and naked short selling for IWM in the last year. + +&#x200B; + +**Open Options Interest for meme stocks: GME and movie stocks** + +One of the weirdest things that happened after the end of Jan mini-squeeze is that open put interest in GME spiked to some pretty insane levels. [I previously suggested that this could be due to options fuckery to hide short positions](https://www.reddit.com/r/Superstonk/comments/mvdgf5/the_naked_shorting_scam_in_numbers_ai_detection/). + +At the end of Jan 1.5 million new put contracts were opened in just a couple of days. These contracts cover 150 million shares. Most were in junk strike prices (e.g. $0.50) that were never likely to be reached again. Recently other DD apes like [u/Leenixus](https://www.reddit.com/user/Leenixus/) have [reported finding more weird put option activity](https://www.reddit.com/r/Superstonk/comments/nxgcu5/i_taut_i_taw_a_married_put_i_did_i_did_see/). + +Here I'll compare open option interest for GME and the movie-stock. Headphone-stock does not have options as far as I can tell. Data was obtained from [marketchameleon.com](https://marketchameleon.com) . + +&#x200B; + +[Total open interest for puts & calls for GME since Jan 2020.](https://preview.redd.it/za8mj3bexl571.png?width=4032&format=png&auto=webp&s=3d0dd92c078bf8fba10cb2c4e542788a7d098610) + +&#x200B; + +[Total open interest for puts & calls for the movie-stock since Jan 2020.](https://preview.redd.it/ozvo22ffxl571.png?width=4032&format=png&auto=webp&s=aea9d6aa5a6fcb77a45467dc49add853196c7e8e) + +&#x200B; + +So a massive spike in GME open put interest in January that disconnected from all previous levels. A large number of puts expired in April and 410k more will expire on July 16th. Despite prices dropping down to $40 in Feb and many options expiry dates coming and going, open put interest for GME still sits at around 1 million contracts. For GME only approx. 300k put contracts were reported in 13Fs despite 1.5 million being held. *Who holds the puts? Family offices?? Shells??* + +For the movie-stock the picture is quite different. Puts and call open interest never really diverged. The recent major run up has increased the number of open put contracts but it's still in line with the number of calls. Even at this high of 2 million open contracts it is important to remember that the movie-stock free float is approx. 10-times larger than for GME. So even with this recent bump in open interest, options fuckery is much less obvious and even if it were occurring the magnitude is 10% or less than what we've seen in GME. + +&#x200B; + +**Meme Stock Summary** + +Many of the weird indicators for GME do not show up as clearly in other meme-stocks. The most obvious similarity between GME and movie stock is that they are part of the IWM ETF which has been shorted to shit this last year. GME is about to move out of the IWM Russell 2000 ETF and this could explode the shorts FTD juggling. + +However the headphone stock does not share the same ETFs and has no options trading. Short interest also doesn't appear to be so large. *What the fuck is happening here? Is there a shady market we can't see driving the shared price movements? Archegos style swap markets? Packaged up hedge fund debt bundled into CDOs after margin calls in 2020?* + +Also why is the movie-stock moving more than GME recently? I don't really know. My guess would be that it's got extra hype at the moment but the naked short indicators are just not there. They never have been. In 2020 the max movie-stock reported SI was about 20% while GME was at the reporting limit of 140% for months. Why would they manipulate movie-stock reporting when they were so careless to report GME SI% of 140%?? + +In terms of options fuckery I just don't see it as clearly for movie-stock as for GME. There is nothing particularly out of the ordinary in the open interest. I've also not seen anyone identify deep ITM calls or married puts for the movie-stock when it's been so easy for GME and found independently over many different dates. + +I wish the movie-stock apes all the best but worry that they might just be riding the hype. For GME on the other hand I believe that the hole has been getting deeper and deeper since the known minimum SI% of 140% reported in Jan before the major fuckery even began. + +&#x200B; + +# Dark Pool Trading in 'Squeeze Stocks' + +In the past I reported some weird behaviour in OTC trading in GME. I took anther look and extended the analysis to 73 stocks that appear to have squeezed in 2021. This list of stocks was taken from the work of [u/BurnieSlander](https://www.reddit.com/user/BurnieSlander/) and [his post on squeeze stocks](https://www.reddit.com/r/Superstonk/comments/nzajpv/the_matrix_is_everywhere_a_quant_dd/). + +I selected 73 stocks that have sustained a 200% growth since Jan. I then compared how these stocks have been trading compared to 9600 other stocks that trade OTC. + +*Important note: Each stock has a different number of shares outstanding and share price. To compare these stocks I first normalised each of them by subtracting their mean value for the window and dividing by the standard deviation.* + +The following plots show relative differences in OTC trading based on each shares' normalised values. + +&#x200B; + +[Normalised OCT trading volumes for 'Squeeze' stocks and other typical stocks.](https://preview.redd.it/4ilrlxa7ul571.png?width=4500&format=png&auto=webp&s=ed29834cb0cbe1ad488e59e687438ef10df52d02) + +Through January and early Feb the squeeze stocks saw a spike in OTC trading volume on average compared to a typical stock. The total shares traded OTC were not substantially different to other stocks before or after the January period. + +&#x200B; + +[Normalised OCT trading volumes for 'Squeeze' stocks and other typical stocks.](https://preview.redd.it/g5emeccotl571.png?width=4500&format=png&auto=webp&s=76d9229b8cdfffef0e2286f523c19e3998dc74a5) + +When we look at average shares per trade the picture is different. Note that because the data is normalised we are just looking at the relative changes over time for the squeeze stock and typical stock groups. + +Typical stocks have not seen any major change in the average OTC trade size. The value is flat over time. For the squeeze stocks we see a dramatic shift. Particularly from January onwards, the number of shares per trade seen OTC dropped dramatically. This means smaller and smaller batches are traded OTC compared to their historical norm. + +Some of this could be because of retail taking part in more trades and PFOF issues but I can't believe that retail is driving this consistently across 73 different stocks. Why would order size OTC drop in recent months? Could it be wash sales or 'short ladder attacks' to manipulate prices? Wrinkle apes needed for this! + +EDIT: Adding some more plots specifically to show OTC trade data for GME and the movie stock. + +[Normalised OCT trading volumes for GME and the movie stock](https://preview.redd.it/5w47cav14o571.png?width=4500&format=png&auto=webp&s=a90f46991a39f35fa77cc838dc639d04be1a6b5f) + +&#x200B; + +[Normalised OCT average trade sizes for GME and the movie stock](https://preview.redd.it/6alxu3v24o571.png?width=4500&format=png&auto=webp&s=8f0dd839938d006fb7517b23d494141ffe21e4b1) + +I added these figures in response to a request in the comments. Both GME and the movie stock show similar OTC trade patterns. Some spikes and shares traded in Jan and late Feb. And after Jan both stocks saw a large decrease in average trade sizes OTC compared to their historical norms. + +# TLDR; / Conclusion + +Go take a look at the figures! I tried to explain as clearly as I could. The best way to understand is to look at the figures yourself. That being said here are some highlights: + +* Huge FTDs and SI% in the IWM ETF appear to link GME and other meme stonks +* A recent spike in IWM FTDs may have helped to drive the recent run up in meme-stocks +* IWM is the iShares Russell 2000 ETF. GME will move out of this soon. How will the shorts adapt their FTD juggling? Will it even be possible for them?? +* GME continues to have huge open put interest and observed options fuckery. Many more puts expiring on July 16. +* Movie stock does not have any obvious options fuckery as far as I can see. If it's there then the scale is probably no more than 10% compared to GME. +* OTC data is weird and consistent across more than 70 different stocks that have maintained 200%+ gains since January. Why are average OTC trade sizes so small for these 70 stocks? Could this be wash sales to manipulate prices down? Something else?? + +I've been zen with GME for months now and full YOLO. I wanted to get a 200+ million vote count announced but what we got changes nothing. Evidence of mass fuckery with GME for months. Price movements that make the fuckery undeniable. Huge GME fails and SI hidden in options and ETFs that will eventually unravel. A great team of execs now at Gamestop leading the turn around. **In short, I like the stock.** + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀���🚀🚀🚀🚀🚀🚀🚀 +Hi everyone! I am looking at investing in my first property with my family. We live in Southern California and are looking for properties generally near us. One of my family members watched a “horror story tenant” that made the news, where previous owner sold the property and then refused to leave. This left the new invester to foot the bill and the old owner to live and trash the place. Now he won’t stop saying EVERY tenant will turn into a nightmare and the property owners have ZERO legal rights. What advice do you have about experiences as a Southern California real estate investor? +In my current life I’m so time poor I’m happy to throw money at inconveniences to keep things running as smoothly as possible, but I was wondering if that changes for some after FatFIRE when one shifts to having plenty of time. Simple example is yard work - something I don’t mind doing (and that I sometimes enjoy) but that I pay to have done for me now. Another random one that is purely about convenience is valet parking, I do it all the time now but it seems a little like overkill. I’m curious for those that have RE, do you take on more tasks / less convenience after retiring? Has your time v. money calculus changed? + +How would you take care of an aging parent or parents who are starting to become less self-reliant and develop health problems? I think this is relevant to /r/fatFIRE because presumably people here have the means to take care of an aging parent in whatever capacity they feel is best (and not necessarily limited by money). For bonus points, how do you balance that with your own goals if you could afford it, but it would delay your fatFIRE timeline? + +Some more about my situation: +* Mid-70s father-in-law (FIL) has been widowed for 10 years and lonely living in a different city from his children. Last year he moved to our city to be near my wife and our new daughter, and it has been really beneficial in terms of his relationship with our daughter (doubly important during COVID), as well as in seeing family and getting quality meals several times per week, etc. We are early 30s and will have one more child. +* He’s starting to lose it a bit: forgetting watching a movie with you last week, needing help with assembling a desk, staying up super late, eating one meal per day, starting to develop health issues, etc. But, he is still able to live independently and doesn’t need long term care. +* We’ve kicked around the idea of our next house being bigger such that he can live with us, which would remove most of the home ownership burden from him (which would be transferred to me anyway if he was living in his own house near us). And more importantly, he could have great relationships with our children while also having family to keep an eye on him and take care of him. All three of us are amenable to the idea, but aren’t 100% sure how to proceed. +* Generally we get along, but we realized we would probably need a house with at least a separate in-low floor, if not one with a separate entrance or one as a cottage. That’s so that we have enough space so that we don’t feel the occasional bit of conflict in our lifestyles (such as him staying up late watching TV loudly or if we are too tired to hang out). +* This housing “requirement” unfortunately seems to mostly push us into new/recent-build territory, which in our desired neighborhood of Seattle can exceed $2M. We don’t want to be house poor buying that on ~$400k income and ~$1.45M net worth, although how does that change if FIL pays ~1/4 of the downpayment and monthly payment? (he has $2-3M in assets FWIW) +* Basically it feels like a catch-22 of not wanting to spend more than we can comfortably afford to make the situation the most comfortable and most likely to work out, since there’s a (small?) risk of it not working out and then being stuck with a too expensive house. +* Our current house is too small to do a trial run. + +Of course, we could probably give it a try and see how it goes, but nobody wants to unnecessarily slow down fatFIRE if it crashes and burns and we need to eat a bunch of transaction costs (or worse, suffer through it). What do you think? +Hey, i would like to learn investing. What books should i read ? What are the best ways to learn ? Do you think that with effort it's posible to beat the market? +I got NVDA long $270 calls on Friday $8.75 - expiration 25th Feb. I know I should have gotten out and taken a stop loss and not put me in this situation. Now the calls are worth 4.75 and I am trying to figure out a way to come out of the trade. +I am looking at this article - +What to Do When Your Options Trade Goes Awry - +https://www.investopedia.com/articles/optioninvestor/05/030105.asp +I haven't done spreads so am finding a hard time building a strategy. At this point I am just trying to break even or minimize my losses. I would so much appreciate if someone could help me build a strategy to cover losses. Thanks so much!!! +Being a semi-meme and semi-great-idea, [I present to you the "White Girl Index."](https://www.reddit.com/r/investing/comments/9n31xf/introducing_the_white_girl_index/) I fully believe in the principle of it (younger middle class people who buy expensive stuff), yet I would like to invest more in the TSX. Any stocks like these but on the TSX? + +* AAPL (Apple) +* DECK (Deckers Outdoor Corporation \[Uggs\]) +* DIS (Disney) +* EL (Estee Lauder) +* FB (Facebook) +* LB (L Brands \[Victoria's Secret, Bath & Body Works\]) +* LULU (Lululemon Athletica) +* NKE (Nike) +* SBUX (Starbucks) +* UAA (Under Armour) +* ULTA (Ulta Beauty) +* VFC (VF Corporation \[Vans, The North Face, Timberland\]) +* ADDYY (Adidas) +* DEO (Diageo Spirits \[Smirnoff\]) +* LRLCY (L'Oréal) +* LVMUY (LVMH \[Louis Vuitton, Moet, Sephora, etc...\]) +* ETSY (Etsy) +* FIZZ (National Beverage \[LaCroix\]) +* GOOS (Canada Goose Clothing) +* NFLX (Netflix) +* SNAP (Snapchat) +* TGT (Target) +* TIF (Tiffany & Co) +[https://www.cnbc.com/2019/02/04/santoli-a-baby-bear-market-scared-the-fed-into-pausing.html](https://www.cnbc.com/2019/02/04/santoli-a-baby-bear-market-scared-the-fed-into-pausing.html) +People on this sub have been talking about Loopring quite a lot and I decided to buy a couple of days ago. It has since more than tripled in value! I was wondering if LRC is a coin that also has more longterm potentiol to go even higher. I usually hold longterm, but woth the sudden hype for LRC I doubt whether this coin is good for that as well. + +What are your plans regarding loopring? Will you hold this coin long term? Or are you more likely to sell anytime soon if this trend continues?Or will you DCA into this coin long term? I'd love to hear you guys' strategies on this! +https://www.ft.com/content/0edb7c17-58e6-4ded-acfa-1822440a926c + +> Until now, SoftBank has shrouded the unit in secrecy, declining to say who was in charge of the unit or what its decision-making process was, after the FT revealed that it was the so-called “Nasdaq whale” buying billions of dollars of derivatives on US tech stocks over the summer. +> +> SoftBank said in August that it was planning to invest about $10bn in publicly traded tech stocks as a way to diversify a portfolio that is heavily reliant on shares in Chinese ecommerce group Alibaba.  +> +> But by the end of September, Northstar had purchased nearly $17bn of shares in US tech companies, including $6.3bn in Amazon, $2.2bn in Facebook, $1.8bn in Zoom and $1.4bn in Alphabet.  +> +> It invested another $3.4bn in equity derivatives. The trades included “long call options” — bets on rising stock prices that provide the right to buy stocks at a preset price on future dates — that were worth $4.7bn by the end of September. +> +> It also traded “short call options”, that assume falling stock prices, that SoftBank booked as $1.3bn in liabilities. Northstar also held short future contracts on stock indices, which were valued at minus $697m. +> +> Some of the bearish positions it took were hit as US tech shares rose during the three months to September, resulting in SoftBank booking derivatives losses totalling $2.7bn. The total loss for Northstar reached $3.7bn for the quarter, including $900m in unrealised valuation losses on investments made by the unit.  +Does anyone else think a daily thread is needed for these? Seems like half the posts these days are this type and they often provide little insight outside of a cost and picture, which I find kind of useless for this sub. Am I the only one that feels this way? +At 5AM this morning, my phone started blowing up with notifications for codes confirming my password resets for Venmo, followed by password resets for my google account, and then a notification from Verizon saying my Verizon messages account was being accessed from a location from the other side of the country. This all happened in a span of about 5 minutes. Fortunately I was already awake at this point, and I quickly got on the computer and was able to log into all my accounts and change the passwords and confirm I was not the one making the changes. I got email notifications that 2 bank accounts from a bank I don't even use had just been attached to my Venmo. I immediately removed them from my account. Besides the 2 bank accounts that had gotten attached to my Venmo, it doesn't seem like anything else was compromised. I'm still a bit shaken though and am worried there may be more to come. I haven't been able to get in contact with any support because of the time. What steps should I take now to keep myself safe? + +Update: I was able to contact Verizon's fraud department and they said because it didn't look like the hacker compromised my Verizon account, there was nothing they could do for me. They suggested I contact Google. I told them the hackers were somehow able to look through my device and my text messages because whenever you have to reset a password for Gmail, they send you a confirmation code to your phone, and the hacker was able to see and use that confirmation code because he had access to my text messages. Verizon repeated what they had told me and to contact google. However, I can't seem to figure out how to actually speak to an agent at Google. + +Update #2: To answer a few questions. The timeline was over a span of 5 minutes: Get a text from Verizon saying someone has access to my messages/devices in this city at 4:51AM. Receive text confirming password change for my gmail. Receive text confirming password change for my Venmo. I change my gmail and Venmo passwords. Notice 2 new bank accounts attached to my venmo, and I remove them. All activities cease. I'm a super broke student, so it's not like I have any real value in my venmo, so I wouldn't be missing much. I just feel vulnerable which sucks. + +**Update #3: Thanks for all your responses. So from what everyone's been telling me, it was Verizon that got hacked. The first notification I got was that my VerizonMessages was being accessed from another location/device. They used my Verizon messages to look through my texts and also send the number the password reset codes for my google account. When I contacted Verizon's fraud department, they told me it wasn't possible and that I was wrong. They told me to contact Google's fraud department. Not sure where to go from here. Nothing really came from this and the hacker didn't take anything.** + +We are now over 8 years in to a global bull market that has seen very few pullbacks over the entire duration. With a CAGR of close to 15%, and a total return of approximately 300% since the March 2009 market bottom, a huge swath of new investors (including many on this sub) have not experienced what its like to live through a bear market (myself included). + +&nbsp; + +Assuming most people here do not earn real wages until they are 22 (college graduate), you would at this point need to be 30 years of age to have even been in the working world during the tail end of the 2007-2009 GFC and subsequent bear market. To have had any appreciable nest egg at that point under normal circumstances, you would have had to have been working for at least ~4-5 years before 2007, now we're at age 36-37. Using the 2016 survey data as a guide, I'd say that no more than 20-25% of users were at an age that they would have personally felt the financial turmoil caused by a 16 month 50% draw down. In fact, many popular bloggers that I follow (MMM, RoG, GCC, frugalwoods, madfientist, etc) did not fully experience the down turn either. + +&nbsp; + +Now with all of that history/speculation out of the way, I come to my point. From reading this board over the last few years, I would wager that a huge amount of users are at or near 100% equities. I am not suggesting this is a bad idea, I am just questioning the prudence of such a decision without the first-hand experience of a full on bear market. It is one thing to claim that you will 'buy on the way down', 'not panic-sell', 'see it as a buying opportunity', etc. It is another thing all together to actually stick to your plan while you are losing hundreds or thousands every day, for days, weeks, months on end. I am sure that many investors pre-2000 and 2008 also told themselves these same things, before cashing out at the worst possible time, and staying out of the market for years. + +&nbsp; + +I would love to claim that I am going to act appropriately through the next down turn, but with no personal experience to back that up, I do not know for sure what my true risk tolerance is, or if I'll be able to put my money where my mouth is. I started investing in August of 2013, so I personally have less than 4 years of market experience. This fact certainly had an impact on my personal asset allocation, and why I choose to hold more bonds/cash than many others my age (currently 53% stocks, 34% bonds, 12% cash, with an AA target of 70/30 at 28 years old). + +&nbsp; + +I have read many past accounts of what it was like during 2007-2009, mostly from old bogleheads.org posts. Some renditions are truly frightening. Many lost their jobs, homes or half their portfolios (some all three). The financial media was full of doom and gloom. Article after article predicting further disaster, economical turmoil, uncertainty, etc. You would have needed an iron stomach to stay the course. Many were able to, to their credit, and were handsomely rewarded. Many more were not so lucky. + +&nbsp; + +I would like to hear some responses from investors that have experienced major market down turns, be it 2008, 2000 or before. What did it feel like? How were you invested at the time? What did you do? I would also like to hear from those that fall into the younger crowd that are 90-100% equity. How will you insure that you do not make unwise financial decisions when your portfolio loses 30, 40 or 50% over the course of a year or two? + +&nbsp; + +As Larry Swedroe opines, everyone has their own individual need, ability and willingness to take risk. In not so many words, I am asking you to justify yours. Thank you all. +Hello ! + +So a bit of background, I'm 27 and I work in the IT field, recently moved back to the Netherlands after an assignment in Germany. I have paid off my debt and any other obligations. Now I've been reading finance post for some time, but I'm kinda lost and what should be my next steps and goals in life in terms of finance. + +I'm aware of ETF's and other financial instruments, but have no idea which funds to choose from, which platform to use to purchase them, or how it impacts my taxes. Completely no clue where or how to start.... + +Also I believe this to be more psychological, but I have a hard time with the idea of parting with the savings I have. I would assume this is due that for a long period of my life I was financially insecure, but at the same time it's unwise to have my money sitting in a bank account accumulating 0.2% interest. + +From a finance point of view this is the situation: + +Net Salary: \~€3200 + +Rent: €500 + +Food: €200-300 + +Insurance: €90 + +Sports and leisure: €200. + +Emergency Fund: €5000 + +Savings: €14000 + +Company stock options: €2400. (5% contribution monthly from my net salary pay, stocks are bought at 15% discount) + +After all expenses I have \~ € 2000 to do as I please. What you would recommend me doing moving ahead with my finances? Any help or pointers would be greatly appreciated. Thank you! +Normally I am working freelance office jobs, and now I am working remotely because of corona and want to set up the following in the near future (2021): + +- My own company to use to invoice clients. (low tax country in Europe?) + +- Do I need to live in this country that I set up a company in (a certain amount of time, or is it possible not to live there?) + +- recommendation on a good candidate country to live or become resident in (for tax purposes, also lifestyle if it is ~6 months) + + +I hope others have done something similar and can point me in the right direction with any of those? +Hi all, + +I understand that the majority of EU ETF investors prefer the MSCI World ETF to an S&P 500 ETF, because it includes more geographical zones (EU, Japan, Aus/NZ), more companies (1600~ vs 500~) and thus is more diversified than the S&P 500. + +However, given that the S&P 500 has been consistently outperforming the MSCI World for quite some time now, that US companies dominate most fields, and that both the EU and Japan are rapidly ageing with declining demographics, I am curious why one would choose the MSCI World over the S&P 500. + +To me, the MSCI World = the S&P 500 with a large weight (30-40%~) slowing it down. + +For those of you investing in the MSCI World for the long term (20, 30, 40+ years), what is your reasoning for choosing it instead of an S&P 500 ETF? + +For those of you investing in an S&P 500 ETF, what is your reasoning? And do you compliment it with another ETF? +I live in Germany where check24 is a thing and I've noticed they frequently run an offer for "-0.4%" (yes that's a negative sign) on a small personal loan of 1000 EUR, repaid over 12 months. They claim it to be "Schufa neutral" but I have no clue how to verify that... + +I have my finances together and I'm actually tempted to apply. It's 1k that's upfront that I can throw into an ETF or something that earns money beyond just the "free" -0.4% or 3 EUR being offered. Coming from a place where there's always a catch, I wanted to ask first if anyone has any experience or knowledge about this. +I’m a completely inexperienced, late to the game, but want to start making some better decisions in putting money aside and investing for my future. I’m 31 with a modest to low income. Even still I think it’s due time to put money aside. + +I was born in the Netherlands and have dual citizenship with the USA. This seemingly doesn’t allow me to sign up with any investment banks in my country, I’m automatically excluded as a US Person. + +Should I therefore be looking at American banks and institutions and ignore the systems in place in the Netherlands? That also seems be tricky to do from abroad. +I've recently been offered a job by a UN agency as an independent contractor - this means that I will not be hired as staff receiving benefits, but as a consultant with them as my only client. I can either move to Italy (where their headquarters are) or work remotely from another country. I am now wondering what is the best option for me - I know that taxes are lower in Eastern Europe, but I find myself being happier in the West. I've been considering anything from Italy to the Netherlands (I loved living there a few years ago but it seems that after taxes and social contributions I'd have very little to myself). Can you share some of your experiences in working as a contractor in your own countries? For reference: I am 31, Bulgarian, I lived in Belgium until the end of last year, and I'd be making about 300-400 EUR/day with the new job. +The financial year is soon to end (many offices are asking for IT declarations). People are rushing to make ELSS investments and the indices are following their annual trends of surging pre March. + +That could probably keep NIFTY up for a while but this seems like a disaster waiting to happen. + +A stock market crash is definitely gonna make this slowdown worse. + +That being said, the indices are high regardless of the pre March spike. What's your take on this? +After 4 years of hard work, my company went public. Even assuming a big drop in tech stocks, I should do well enough after lockup to leave and do my own thing (will be fatFI but no plan to RE, yet). + +Downside: I’d be forfeiting ~25% of my ISOs, which vest over 2 years. + +I know leaving is right for me, yada yada, but it feels really fucked up to leave so much money on the table when I could just grin and bear it for another two years. + +Those of you that left money on the table to pursue your own business or RE... any regrets? Conversely, anyone happy they stayed on and vested out completely, despite delaying your dreams? Any tips to change my mindset so this is less frustrating to me? +Okay so for Christmas I got £400 and I’m 18. As much as I want to just spend all this money I understand that it’s a silly choice and wonder what’s the best way to use this money to make more as I don’t want to just waste it. +Not financial advice. + +Nobody knows how it will look. I'm guessing it will go up to the several thousands range before dropping back down for several days/weeks/months. They will do this to try and trigger a mass sell off by creating fear that you will miss the boat. Some people may be tempted to work this play and sell high to buy back in low, but this will delay MOASS even more. Just buy and hold. You won't miss anything. It will be obvious when it's really happening. + +Edit: I wanted to add that without a doubt, media news networks will publish stories about the "epic" squeeze that just squoze. We know better. + +Edit 2: while this post is meant for everybody, it's aimed at the new people who will be joining the community. You may have seen this 100 times, but with recent revelations on LinkedIn and other outlets, I felt it important to highlight the psychological tactics being used against us. +Hi guys + +I’m very confused about using leverage, so I’ll use an example to see if anyone can help. + +Let’s say I have £2000gbp in xxx. +I think xxx will go up 3% near future. +I don’t want to lose all my £2000, but I would like to make more profit, so I decide I’ve got about £450 I can afford to lose. + +It’s at this stage I start to get overwhelmed. Let’s say I choose leverage x3, this means I’m investing/starting £150 of my own money. God even as I write this, I’m getting confused. + +All I really want to know is how to use leverage when I think a price is going up? Should I be buying or selling on the order? Man I know this is probably easier than I think but I’m just not getting it. +Surly this is a company protected from the effects of covid, with reliable steady income, yet [the price has dropped 40% from early March.](https://i.imgur.com/cnXjTmR.png) + +[Also at a 3 month dip.](https://i.imgur.com/OlAQEtl.png) + +Anyone think of a reason not to put a few grand in this? + + +* Age - 17 +* Income - At the moment 250 per month, will go up to 500 to 750 next year profit. +* Objective - Long term Stocks and shares ISA for retirement +* Risk tolerance - I'd like a safety net to rely on, but I don't mind a little bit of volatility for the chance of high returns.. +* Current holdings - None. +* Any other assets - A large lumpsum (won't disclose amount) when 25 for property investment, and about 15 to 20k when I turn 18. +* Time horizon - 40years +* Any big debts? - no +* Any other relevant financial information will be useful to give you a proper answer - I I am rather favourable to vangaurd as I've heard its ideal for long term investment. + +Was thinking to make 70& s&p 500 ETF, 10% emerging markets ETF, 20% in a global fund \[not sure which one which won't clash with my already large amount of US exposure\] +TL;DR: A bank ban for trading Bitcoin has resulted in a system offered by Equifax to prevent me from holding an account with non banking related industries, such as a Gas Electricity Provider. + +----------------------- + +A few weeks ago, I posted a thread here showing a live update on my quest to open a bank account for my Bitcoin trading business here in Australia (OP: https://redd.it/6fl0i3). + +While pretty much all of these application requests were denied, one bank did respond with an application form (Albeit, the email felt a bit generic - but figured I'd give it a try none the less) + +I submitted my application and everything was going great.. Until I was informed that I had failed their ID verification process and to submit it again. It was an online form I had to fill out and I thought it was strange that it didnt request my ID information, just Name, DOB, address and phone number. I thought it may have been a glitch, so submitted the form again. Still no request for ID. + +Two days later, I received a phone call from this bank, stating that my ID verification had been denied, as my details had been "red flagged" for fraudulent behaviour, and I would have to get this fixed up before submitting again. I was told to contact "Equifax" to get the issue resolved and that was that. + +I Immediately contacted equifax (the recent purchaser of VEDA), and asked if I could speak to someone regarding a "rejected ID verification". After bouncing through a few people, it came apparent that no one had any idea as to what I was talking about, and that they only dealt with Credit Reports. + +So I ordered my credit report (for me personally and my business) to see if there was anything on there to be concerned about. Nothing. Just some old credit card applications from 2013, and a car loan. No "Red Flag", No "Suspicions activity reports". Nothing. + +By this point I thought maybe the bank was trying to shift the blame, so they could avoid the conversation of telling me they couldnt offer me a bank account because of my business nature. But before I made the phone call to them, I figured, a quick google search wouldnt help. + +Sure enough, Equifax DOES have an ID verification system called IDMatrix - and as spotted, the bank I was dealing with was one of their clients, and a bank I had been BANNED from in the past was also a client. + +Now that I had a name to the face, I called Equifax bank, and requested to speak to someone from IDMatrix, regarding some verification issues. The closest I got was speaking to someone from their sales team, who put me through to the credit report department, who put me through to "customer service", who put me back through to the IDMatrix sales department, who were then closed. + +Getting no luck with the phone calls, I decided to draft up an email to IDMatrix, and sent another email to the bank, requesting they provide proof of this ID rejection, so I could send it onto IDMatrix, in case they try to stone wall me with "We have no idea what youre talking about" answers again. + +When I was going through the IDMatrix website earlier, I noticed that they provided their services to non financial businesses as well (Such as a large Electricity and Gas Provider here in Australia). Out of curiosity, I started the application process to apply for a new electricity connection to my house, to see if the result would be any different to what the bank got. A few tick boxes later, and sure enough, I was not eligible for an electricity connection with them! + +I was shocked. Dealing with bank bans was one thing, but dealing with the rejection from a basic household utilities company was another. What significance does my business activity have to a utilities provider? I'm sure they have no issue with providing electricity to hydroponic set ups, or a gas connection to a meth lab? At least ive never heard of electricity or gas being cut for that reason. I would assume they couldnt give two stuffs what they do in their spare time. But a Bitcoin Trader? Thats some risky business. (Yes I am aware this isnt the Utilities company's fault - rather IDMatrix's, just using the hypothetical for comparison). + +To wrap this up, I have emailed my solicitor to get advice on the matter, and I'm not "banking" on much to receive any response from the bank in question or Equifax. But thanks for the vent reddit. Appreciate it. +My dad passed away suddenly in October and my mom is now in the throes of sorting out asset management. She is joint owner of all their investment accounts but has no idea where to pick up as my dad self-managed all of their investments and built up a pretty comfortable nest egg. I don’t know the exact value but it is in the range of $3.5-$5mil. + +Mom is now working with a financial advisor who recommended that she enlist Buckingham Strategic Partners to manage her portfolio. The advisor is pushing to transfer all of her investments into Schwab, but she is leary as accounts are only insured from $500K and up to $1mil. + +Her questions: + +Is it advisable to consolidate several investment accounts with several brokerage firms into one brokerage firm? + +What's the risk of putting all in one brokerage company? + +Thank you for any advice and feedback. +*Title Correction: Tax Refund lol + +Hello! +So this is my situation: + +I just received my refund of $7200. (Never even got a refund before in my life so this is potentially life changing for me) Also my credit score is around 653. + +I currently have a loan out, only a few months old and the balance is $6,919. + +I also have a credit card with a balance of $929. + +I have a car, an '07 Ford Escape that needs new tires, the power steering isn't great (difficult to turn the wheel) and lately the lights stay on cuz the sensor thinks a door is open when it isn't so the (new) battery is slowly draining. That being said, as much as I enjoy not having a car payment, I could really use a new SUV (I'm a single mom and musician so I need something with enough space) + +What moves should I make to help my credit and car situation? + +(Should I pay off the credit card, get new tires and car checked out and pay off what I can on the loan, and deal with this old car as long as I can til I can save up for a down payment?) + +Thank yall kindly! +Background: I am in my final semester of university, majoring in Economics. I am currently writing a research essay on labour markets. One of the key components is to interview someone within the field you are studying and moving into once you graduate. If you are an economist or working in professional / finanacial services I would love to hear some insights into the field / industry, especially if you are located / working in Australia. None of this information will be used outside of the essay. + +Some of the main questions I'd like some information on: + +1. What was your organisations core business 5 years ago and what were the main job roles within the organisation 5 years ago? +2. What qualifications / skills / values were sought after then? Has this changed? What do you expect to be required in the next five years? +3. How has the field / business changed in the last five years, in terms of new job roles, technologies, core business values? +4. What is the field like in general? Is it flexible with working hours? Is there a lot of opportunity for development? +5. What do you expect to change in the next five years? What kind of employability skills do you expect to be most sought after in five years time? + +&#x200B; +Right now, Taco Bell is having a promotion where for ever 10 USD gift card purchased, a bonus 5 USD gift card is included for no additional charge. + +The bonus gift cards expire on Christmas Eve, but the regular gift cards don't expire. + +Disregard the fact that merely having gift cards would make me more likely to consume more Taco Bell than is optimal, and other such considerations. + +Also assume that I'll eventually use up the regular gift cards without going out of my way to eat Taco Bell more than normal, so getting stuck with gift cards I will never use is not a concern. + +Using only the bonus gift cards, would it make economic sense for me to consume Taco Bell until Christmas Eve as if it were free? + +Edit: Also assume liquidity isn't a problem. + Example: I used to live in Finland and you can get unlimited data for your phone for like 10€/month. Prices are not much more in France or Romania. However in Germany you can pay 12€ a month for 1,5GB. In the United States you can pay like 35-45$ for an unlimited data plan. I know Canada is also expensive. India has some really cheap data rates. Anyway why are some countries so expensive for data, and others are cheap? +I took calculus 1 this semester, and I struggled on only one test because I did not study at all. Luckily he drops the lowest score. I really enjoyed the practice of it. + +If I wanted to minor in math, i’d take calc 2,3, Intro to linear algebra and intro to higher math. + +I honestly don’t know my mathematical capability. I feel like calc 1 was watered down to be very easy as the tests were nearly identical to the quizzes. + +I do think, however, math is useful and worth the money. Would a minor in addition to an econ BS be worth it, or should I just drop the idea? + +I hope to maybe get a MS in business analytics in the future which is another reason I was contemplating it. +I heard from a socialist that wealth can't be equitably distributed across the world within capitalism and that rich countries inadvertently rely on the exploitation of poor workers in poor countries (like sweatshops). However, I think that when a country invests enough in its human capital (like education, healthcare) and infrastructure, a poor country can transition to a rich country (basically what China is doing now). I apologize if this is a loaded question. +As a layperson, I'd say that the Big Question of 21st century Physics is "How do we unify Quantum and Relativistic Physics." + +The Big Question of Computer Science is "Artificial General Intelligence." + +The Big Question of Biology is probably (?) "What can we accomplish with CRISPR?" + +Maybe for Philosophy it is: "What is consciousness"? + +I don't know much about chemistry, but questions of battery density and solar conversion seem pretty pivotal. + +So what are the Big Questions that Economists are working on? + +Hey! +I’m getting tired of working as an mechanic, it’s rough and I don’t like it as much as I used to do… + +The thing is do that all coffe breaks, free time and weekends I spend reading about the stock market and economics in general. I have been investing in the stock market for 4-5 years and for each day it sure does become even more interesting. + +So know to the question. I do have the skills needed (like the right courses and stuff I did back when I studied). So know I’m just thinking about getting back to school and completely change my carreer. + +Do you think I should? +I've been wanting to ask this question for a while. What I'm wondering is: does income inequality in itself result in lower inflation rates? + +Right now there seems to be a ton of money being injected into the economy from all of the stimulus and low interest rates, but if the majority of that ends up in the hands of the top 1% (who just hold it up in bank/investment accounts and don't really spend it), then I'd imagine it wouldn't really have an impact at all on overall inflation. Is that true? +posts and comment like [this](https://www.reddit.com/r/Forex/comments/903qpw/people_only_profitable_with_cfdstocks_and_futures/) are confusing. sometimes people speak like almost all forexers loss money. +Hello, + +I am considering starting day trading and I am wondering how I should go about learning it. I have done some research and it seems like there are many different resources out there, including online courses, books, and forums. I am wondering what methods have been most effective for others in learning day trading? + +I am particularly interested in hearing from those who have successfully made the transition from being a beginner to an experienced day trader. What steps did you take to learn and improve your skills? What resources did you find most helpful? + +I would really appreciate any advice or recommendations you have to offer. Thank you in advance for your insights! +https://tezos.ch/pages/contribution-terms.html + +Paragraph 3. Here is a screenshot in case they change it: http://i.imgur.com/8Q4lQyn.png + + +You give them money and they do not have to give you anything in return upon launch. + +edit: Screwed the title up, should be XTZ +Along time ago, before the great Tech Collapse, there was a time when Big Tobacco looked to be on its last leg. The end of the 90's had everyone fretting that tobacco would be coming to an end, and it was for the good of everyone - except those evil tobacco companies. In the US, the massive [Tobacco Master Settlement Agreement (MSA)](https://en.wikipedia.org/wiki/Tobacco_Master_Settlement_Agreement#Summary_of_terms) was going to cost the American purveyors of tobacco a whooping $206 billion. They would also be severely restricted in how and where they sell their product. Similar lawsuits across the Western world followed suit. Stocks became toxic to hold, dividend yields shot to 10%-12% and above, and valuations were now in the mid single digit. So called "Ethical Funds" refused to hold their stock and the advice of every person in the investment industry was to stay away. The business of tobacco was over, they may be bankrupt in a year, but they would definitely be gone entirely in less than 10. The end is nigh they said. + +Well, from sitting in our place here is 2021, the major tobacco firms are all still alive and well. They paid their fines, diversified their product offerings, and still spit out a tonne of cash year over year. Over the past 20 years, companies like Phillip Morris ([now Altria up 9,620% over the past 20 years](https://www.investopedia.com/articles/investing/022716/5-best-performing-stocks-last-20-years-gmcr-celg.asp)), RJR, and Canadas Rothmans delivered a great overall return (though admittedly hard to track due to takeovers and reorganizations). + +So what does all this have to do with oil stocks? Well, I think the O & G sector across the west is now in the exact same spot. The new "ESG Funds" refuse to hold O & G stocks, governments around the world are creating Carbon Taxes to penalize the wicked, and every corner is a new bio diesel plant or EV car company. Everyone is now sure that oil is a thing of the past, COVID was simply the nail in the coffin. However, any person in at least North America must admit that an anecdotal look around still shows a lot of oil is being used on a daily basis. Then, what about in 10 years? Well, first of all, no one knows, but there does seem to be a precedent for this - tobacco. Now, smoking across the developed world has come down, but not nearly as much as in the dire reports coming out weekly 20 years ago predicted. I myself still smoke, and I do think of quitting now and again, and I know I should - but I haven't yet. We will generally use less oil over the coming 10, 20, and 30 year timelines, but that does not mean that an investment in the sector is doomed money. It just means, like tobacco companies, they have to be smart with the capital they generate. We are seeing that in the sector as we speak. Most companies are not looking at increasing oil production. They are instead looking at making their existing operations as efficient as possible. They are also, like tobacco companies, increasingly looking at directly rewarding shareholders via increasing dividends and share buybacks. There is also the possibility for companies that own infrastructure assets, like petrol stations, refineries, mid-stream assets to monetize them for the benefit of shareholders. Companies in the sector are also allocating funds to new endeavours in clean energy, such as wind farms, bio diesel, hydrogen, EV charging facilities and so on. + +No one can be sure what will transpire, but prognosticators (myself included - a lot, should have held MO!) have gotten it wrong before. My feeling is that they are getting it wrong again. Group think is a tough thing to defend against. And going against the grain can lead to years of feeling like you got it wrong. However, maybe, just maybe, they really are getting the future wrong - again. + +Whoever made that video or decision to post deserves to be fired. The thought process behind that is out of this world in their thinking, if not blatantly spotlighting government corruption. + + +The whole entire market is a meme stock, to label small-mid cap stocks as meme stocks is manipulation in itself through fomentation. If the SEC did any research, they would know that most of the “meme stocks” were pump and dump via Silicon Valley algorithms and hedge funds to regain liquidity from their short position losses and risky bets. It was also a distraction from the two stocks that “had a systematic risk” to our financial system. To the Fucking Moon. + +You wanna talk about fundamentals and do research? This market does not trade on research and fundamentals. I’m am aware of very profitable companies, that are held ETFs combined with multiple “meme stocks.” It’s all a Fugazi. I’m not mentioning these companies because this is not a DD or trade. It’s not the point of this message. + +How many times has the SEC failed to report accurate and timely reports? “Do research” is what that video said. How about you continue to provide accurate dark pool information so that retail can invest and actually make decisions based upon real trades AND “fundamentals”? Fundamentals according to who? The analyst who get paid by hedge funds to place a price target in the direction they want to stock to go because there’s too many calls in the money above that number? + +If you’re understaffed let me know I’d be happy to help, but understand that I live by doing the right thing so I might not be up to your qualifications. + +The SEC should make a formal apology on live television because the stock market as we know it will eventually cease to exist due to the fact that the investors you are antagonizing are the ones that are going to be taking care of your generation when you need help changing your diapers. We decide how this goes in the end. + +I hope you have some inside information because your 401(k)s and pension plans are going to be in the garbage while my “meme stocks” are only a mile away from Uranus. + +Sincerely, +Dumb money investor + +Edit: typo + +Edit: YouTube Ivestomania Meme Stocks. They turned off comments + +Edit: Worst part is, your tax money paid for that content. +I have a problem with my shares being routed through Citadel obviously, but I wasn't really sure what I could do about it or how I could talk to Vanguard about it without sounding looney. + +I had to call them today anyway for another reason and the conversation just came up (as in I let myself go and started rambling). They got an Orders Specialist on the phone and we discussed it. Mid discussion I remembered that u/atobitt had published a post -- [Citadel Has No Clothes](https://www.reddit.com/r/GME/comments/m4c0p4/citadel_has_no_clothes/), in which he linked a FINRA document that lists 58 instances of fines for not playing by the rules. + +I was put on hold while they were researching my request for information about how exactly orders are being processed, and during that time I located the post and the [link to the FINRA document](https://files.brokercheck.finra.org/firm/firm_116797.pdf). + +When she came back I gave her the link to the document which she looked up right there on the spot, and then to sound intelligent I used Atobitt's summary from the post to highlight just a few of the infractions. She sounded very intrigued and I felt like I had made a good impression. + +I don't remember what it's called, but she said there is a special channel for their customers to express such concerns. In the end she filed an official complaint for me and included my (atobitt's) summary of the infractions along with the URL directly to the FINRA document. + +I doubt it will lead to anything since I'm just a single person. But imagine if EVERYONE called their broker and asked them not to deal with Citadel.... Who knows? + +HODL + +edit: I meant for this post to sound inspiring rather than negative. I do like Vanguard. I do not like Citadel. I've read the same DD many of you January Apes have read and I know what kind of grip Citadel has on the market. + +edit2: **Some people are asking about what they can do-** +I hope to inspire you to consider contacting your broker with factual information that we already have (keeping speculations to a minimum) and file a formal complaint. I use Vanguard and their phone number is slightly buried but I have it saved: 1-877-662-7447. Call them and ask to speak to an orders specialist about details regarding their order flow. Once on the line, ask about filing a formal concern or complaint. + +Perhaps some folks out there may be stuck using a broker that utilizes the PFOF business model. I hope that any of you in this position are only continuing to use said broker after exhausting all other options. So if you haven't transferred out of that broker already, then perhaps you have no other options or some other reason preventing you from getting out. In this case you may want to call and file a formal complaint about how PFOF is the devil. u/robsredditaccount has you covered, this person called their broker and linked WSJ's article regarding PFOF: [https://online.wsj.com/articles/td-ameritrade-executive-says-orders-go-to-venues-that-pay-highest-fees-1403043559](https://online.wsj.com/articles/td-ameritrade-executive-says-orders-go-to-venues-that-pay-highest-fees-1403043559) + +The strategy is "buy & hodl", but there's nothing wrong with reaching out to your broker. Of course they know what's going on, but as u/Remote_Nothing_664 brought up, *we can let them know that we know too*. +So I am a 3rd year college student on my way to completing an economics degree in five years. I have taken calculus 2, I'm in a stats class now, and have a decent understanding of mathematics. + +I want to pursue a career in finance, but I don't think I will get much of an education in financial mathematics with my economics degree. Sure I'll take some financial banking classes, but I don't think I'll learn a whole lot of finance math. + +My question is, where can I learn financial mathematics online? Or is there something else I should focus on learning? Thanks guys, any help is appreciated! +I own my condo and keep up with all my expenses, including student loan repayments. Slowly paying down my CC debt. All in all, while it’s nowhere near as fast as I would like, I’m doing ok and making progress. + +My girlfriend of almost a year is moving in with me in the next couple months. She’s already been staying at my place for most of the week, we’re just waiting for her lease to end. We’ve had some great conversations about the expenses, splitting my mortgage payments, utilities, etc etc. We even got under $200 a month for groceries! We have not started the major payments, though, since she’s still shelling out rent on her apartment. + +My question is, should I try to get some sort of contract figured out with her before she formerly moves in, with a breakdown of what we agree to? Eg., the mortgage, internet, utilities, groceries, etc? On the one hand, I can’t imagine significant others enjoy having that conversation. On the other, I’ve heard too many “Judge Judy” level horror stories to just blow it off. May also X post in relationship advice. + +TLDR: Should I draft a contract with my gf before she moves into my condo? What should be included in the contract, and how would you approach it with an SO? + +Virginia, if that makes a difference. + +UPDATE #1 : Holy crap this got more traction than I was expecting. I can’t keep up with the replies, so I’ll try to summarize some issues here; + +Communication: thanks to everyone that mentioned this one! We’re both social workers, so it always comes back to communication, anyways. + +Trust: I want to be clear, I have no questions about trusting her. I really am inexperienced with roommates and splitting expenses. I have no idea what the prevailing wisdom is, but got a boatload here! + +Equity: Excellent point! I hadn’t considered how much I would benefit from that, versus her monthly decrease in “rent” payments. This’ll be the place to start in future conversations. + +To everyone that’s chiming in here or the other post, thank you! Even (especially?) the more angry/offended contributors. You’ve done a hell of a job on driving home the magnitude of the potential consequences, whatever decision is made. + +To be clear, my wording sucked, and she’s not actually paying my mortgage, nor are we combining finances. What we had agreed to was a fixed amount per month which includes half the utilities, internet, HOA, and mortgage equivalent. That mortgage sum will change, for sure. That total amount is still $200 less than her current rent. I’m not looking to profit from this arrangement. I’m just psyched up that we get to do this together, and benefit together. She falls asleep next to me in 5 minutes flat. I can’t put a dollar value on that, and don’t want to disrupt it, either. + +Update #2: we had a great conversation last night after I reviewed most of the feedback here. FWIW, the heart of it was our mutual nervousness. She’s unconcerned about the finances, since we’re both making our individual obligations, and still wants to contribute a sizable chunk towards me being able to get a better working car. Lots of trust, and communication, followed by a good night’s rest. The “rent” amount will likely change, since I’m going to address the equity issue at a later date. We’ll do the math, come up with a monthly budget, and I’ll send that through email. It won’t happen for a couple months still, so we’ll work out the nerves between now and then and recap periodically. +I am not much of a CSP person or the Wheel guy. The discussion in this group seems to be dominated by CSP and Wheel. I propose we should make a daily or weekly strangle, butterfly, ratio spreads, iron condors, etc thread where people can roll their ideas. +Unsurprisingly, Democrats overwhelming ruled the election in terms of candidates and policies last week. + +There's a newly enacted millionaires tax that nearly doubles the current tax rate (5 to 9%) on any income earned over $1 million. + +For those in Massachusetts, how do you think this will affect high-end real estate in MA? +Ever since 002 been implemented, I noticed something with the numbers. The last few days, everytime the stock hits or goes over 220. The "wash trades" method they're using to drop it below 220. Since then, we've been closing under 220. So my theory is, smaller Hedge Funds margin call awaits past 220. + +Edit: corrected Ladder Attack to ~~Wash Sales~~ Wash Trades +