diff --git "a/reddit_finance_43_250k_33.txt" "b/reddit_finance_43_250k_33.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_33.txt" @@ -0,0 +1,10000 @@ + +5.5k pay rise +No commute cost (£75 a month train fare saved) +Better progression opportunities + +Not to overshare but it's been a rough year after suffering a brief stint of homelessness after my parents kicked me out, and couch surfing when I interviewed for my previous role it's been a struggle but I have a new flat now and I've managed to rebuild my savings to a healthy level and things are looking up + +I love how supportive this community is <3 +My current 2 year contract was about to expire so I called Verizon to change it. I was told I could not change a thing because there was a credit hold on my account. I am a 30 year customer with a perfect payment record so I was shocked when I was told I owe Verizon more than $2,000. It took a 2+ hour phone call, multiple transfers and several 3 way conversations, until one Customer Service Rep took charge and refused to give up. This Customer Service Rep, after multiple tries, finally found someone in the Verizon Credit Department who was willing to listen to common sense and correct my account. My townhouse community's addresses are similar to apartment buildings, one overall street address per court then each townhome is assigned a unique unit number. My neighbor has the same "common" first name as me and the first 3 letters of our last names match (only 3 out of 9 for me). The Credit Department Rep told me that Verizon's fraud monitoring system used this minor name similarity to automatically assign my neighbor's outstanding accounts to me. It did not matter that my neighbor's outstanding accounts had different full last names, account numbers, unit numbers, phone numbers, SSN, etc. My fear is at the end of the conversation the Credit Department Rep. said this could easily happen again because a "computer" did the initial assignment. My questions are. Is this even legal? Is there anything I can do and/or anyone I can contact to prevent this from happening again? + +&#x200B; + +**UPDATE:** To answer some questions I am receiving and what suggestions I took so far + +I did check my Credit Report while on hold and it was OK. I plan to keep a good eye on it now. + +Verizon used to be Bell Atlantic which provided copper wire phone service so that is why I have been a customer for 30 years. + +I was lucking that SSN's were required because the Credit Representative asked for my last four numbers as final proof that the other accounts were not mine. They had a different SSN. + +Thanks to a link provided in the comments I emailed what happened to two Senior Executives. I got an auto reply from one saying they just retired and use this link for making contact. I went to that page and filled out an on-line form sending it to another senior executive. I doubt I will get a response but will update this post if I do. + +In both the email and online form I highly commended the CSR who was determined to get my account fixed. + +&#x200B; + +**UPDATE 2**: I'm Shocked, A person from Verizon's Executive Relations Office called me and left me a message saying they are so sorry for what happened to me. They were happy a CSR did finally help me and they will be notifying their manager about my positive feedback and compensation. Finally they left a phone number and asked me to call them back tomorrow so they can talk to me about my experience. I will update this post again after this phone call. Personally, I give Verizon credit for responding to my email so quickly. + +&#x200B; + +**UPDATE 3**, Before I report on my conversation with the "Executive CSR", I wanted to add more detail on what happened, I think it is relevant now. + +I called Verizon support to update my plan that was about to expire. The initial CSR began to make the changes I wanted then told me they could not because I had a Credit Hold on my account. I asked why, I always paid my bills but the CSR had no idea. This CSR then contacted the Credit Department and we had a 3 way conference call. The Credit Rep. was no help at all, she said I could not change anything on my account and I could have my services cut because of the amount of money I owe. I told her that I have never seen these charges on my account, on-line and never received a bill for them. She did not care. Then whenever I tried to ask a question she kept repeating I had only 3 choices, pay the money, contact the billing office or something else (I forgot what this was). I kept asking her where did these charges come from but she would only respond with those 3 choices. I asked her to review my account and I kept getting the same response. Then she accused me of not listening to her and interrupting her. Finally I got so frustrated I had the CSR forward me to the billing department. While on hold with the billing department I got cut off. I called back and finally got someone from the billing department. This person could not help me but then conferenced in a gentleman from some department who would at least answer my questions on what the charges were. He gave me the account numbers, the amounts, the years (2003 and 2012) and the address associated with the accounts. But neither the billing rep. or this gentleman could remove my Credit hold. I was then transferred to the Fraud department. The Fraud department asked if I had my identity stolen and if I thought my neighbor did this to me and I said no. Then they said they could not help me because it was not fraud. I was again transferred back to billing who could still not help me so I was transferred back to a new CSR. This CSR listened to me, looked up all the accounts, and immediately said it was common sense that I was not responsible for these charges. He said he could clear this up quickly but was unfortunately over optimistic. He then called the Credit Department and got the same Credit Rep. I originally talked to, she gave him the same answers she gave me previously and refused to help. Then the CSR got his supervisor involved and that did not help, then I think he even went higher up the management chain trying to figure out how to help me. The CSR kept assuring me he will get this solved but was obviously getting frustrated. Then he and his managers decided to call the Credit Department back hoping they would get someone else other then the Rep. we previously dealt with. Luckily he did and again I was involved in a 3 way conference call. This Credit Rep asked me a few questions and the final one was, what is the last four of my SSN. Once I said it I was finally believed and the Credit Hold was removed. But that is when I was told this could happened again and the first Credit Rep was just following company policies and procedures. + +&#x200B; + +**My conversation with the Executive Customer Service Representative:** + +I got another apology and was again told that the CSR's manager was notified about my compliments. My case will be sent to the Fraud department for review but she could not assure me that this would not happen again. She said that what happened to me was very rare. I did not agree with this but I said what really bothered me about this whole situation was I was treated like I was automatically guilty of fraud and if the initial Credit Rep. just looked at the accounts and used common sense this could of been cleared up quickly. I was told they have standard policies and procedures that must be followed. + +I then explained in detail everything that occurred, which I explained above. None of this seemed to matter. + +I then asked if this hold could affect my Credit Reports and was told no because they only report to Credit Bureaus when accounts are closed, this reporting is done by SSN, and the outstanding accounts had different SSNs. + +I then asked if what happened could be added to my account and was told it could not be added directly to my main account but was added to my Credit Account, But I said since the Credit Department was the department that was the least helpful and they found me guilty immediately, I do not have any confidence they would help me in the future if this happened again. I then got the standard answer they have policies and procedures they have to follow. + +I then asked her to send me an email documenting everything she said and asked if I could contact her directly if this happened again and I was told no for both requests. I would have to follow Verizon's standard policies and procedures and call the normal customer service line initially. And at one point during the conversation she began to imply that the CSR who finally helped me could of done better if they followed their standard policies and procedures. In no way did I believe this and I did not want to get this CSR in any trouble so that is when I moved to end this conversation. Basically, this conversation only made me more angry. + +**My Next Step**: I really like Verizon's Services, I previously had both Direct TV and Comcast and I never want to go back to them. This was the first time in 30 years I ever had any issue with Verizon, even though I was not very unhappy with what happened, I plan to stay with Verizon for now but keep all my documentation, emails and continue to check my Credit Reports periodically. + +**Finally**: I was shocked this went Viral, sorry for the length of this update, and I want to thank everyone for your assistance. + +&#x200B; + +**WAIT....The Executive Customer Service Representative just called me back:** She was just notified that the Fraud Department has permanently disassociated my account with 3 other outstanding accounts. It looks like there was even another account on top of the two I knew about. I asked for an email documenting this and was told yes. I did get the email + +&#x200B; + +&#x200B; +According to [https://www.lexology.com/library/detail.aspx?g=06758146-7d71-4ead-a153-383afae6e988](https://www.lexology.com/library/detail.aspx?g=06758146-7d71-4ead-a153-383afae6e988); + +https://preview.redd.it/3vtgcl79ixd91.png?width=1518&format=png&auto=webp&s=cd50edd767a7cf75f79a7aa5109e350300813786 + +Deleted reports: [https://www.sec.gov/advocate/investor-advocate-reports.html](https://www.sec.gov/advocate/investor-advocate-reports.html) (corrected; see Edit2) + +edit: links appear to be there but upon clicking on them you'll get a 404 error. + +Here is a wayback link with the working links: [https://web.archive.org/web/20220414211517/https://www.sec.gov/advocate/investor-advocate-reports.html](https://web.archive.org/web/20220414211517/https://www.sec.gov/advocate/investor-advocate-reports.html) + +New Head of Retail: [https://www.linkedin.com/in/marc-oorloff-sharma-b547034/](https://www.linkedin.com/in/marc-oorloff-sharma-b547034/) + +Edit 2: good morning from California. This blew up, huh? Thanks to u/pratolina for finding the reports are still online when using a different path on the website; [About->Reports and Publications->Filter by Investor Advocate](https://www.sec.gov/reports?aId=edit-tid&year=All&field_article_sub_type_secart_value=All&tid=49) + +Edit3: a few people are asking for an AMA with Rick Fleming (the guy who left). This is up to the mods to decide. However, I’m personally indifferent about it. We know the system is broken and buy, hold, DRS is the best way to take this company out of the corrupted system. An AMA is unlikely to shed more light on it IMO, they’re all in on it… I would rather ask the new guy how he would improve the situation and eliminate dark pools and PFOF. Probably also a drop on a hot stone though. + +Edit4: [in his last report](https://www.sec.gov/files/sec-office-investor-advocate-report-objectives-fy2023.pdf) Fleming states that ‘he is stepping down’ (page 1). So I guess my title may be misleading, although people are forced to step down often enough. We might never know what was really going on unless a FOIA request could bring some insight. + +Edit5: I skimmed through the 2 latest reports and wrote some quick overview before work started: [https://www.reddit.com/r/Superstonk/comments/w8lv31/sec\_investor\_advocate\_head\_of\_retail\_a\_quick/](https://www.reddit.com/r/Superstonk/comments/w8lv31/sec_investor_advocate_head_of_retail_a_quick/) I appreciate everyone with a bit more time and brain to read and educate yourself and others by sharing your thoughts. + +Anyways. SEC is complicit until they’re not. + +BUY HOLD DRS + +Interesting times indeed! +Hey everyone, I am the guy who built [senatestockwatcher.com](https://senatestockwatcher.com) \- which has been really helpful for a few people and just general public knowledge overall. + + +Well, I finally built a tool to do the same tracking and analysis for the US House of Representatives. +[housestockwatcher.com](https://housestockwatcher.com) + +The reason this took so long is that the House exclusively files their disclosures in PDF that vary wildly in quality and format, so for this project I have been transcribing every transaction disclosed. I am nearly done with 2021. I am sure 2020 will uncover lots of interesting trades. + + +If you want to help contribute to the data, you can also do that at +[https://contributor.housestockwatcher.com](https://contributor.housestockwatcher.com) + +🐒 +I grew up pretty poor - I remember my mom finding $4 on the sidewalk and crying because it meant we could eat. I remember not having all 3 utilities on at the same time for most of high school. We would light candles when the electricity was out, go to the YMCA for showers and fill up gallon jugs of water from the gas station to flush our toilet. I never felt poor at the time, but in retrospect it’s alarming how much we did without. + +I saved aggressively for the past 13 years, denying myself all personal luxuries because no matter how much is in the bank, it could all be gone in an instant. I’m finally starting to feel comfortable getting things for myself - new glasses that I should have bought years ago. A proper haircut (not one my husband did with the kitchen scissors). Shoes that aren’t from the thrift store. + +I’ve always made sure to prioritize my daughter’s needs, so she doesn’t feel like I did growing up. And don’t get me wrong, I’m incredibly grateful that I’m able to do that and love that she doesn’t experience that lack of basic care. And I would never let her know that I’m resentful of her attitude… + +But I can’t stand how flippant she is towards money and material goods. She’s constantly watching YouTube shows with wealthy kids, talking about how she wishes we were like them with a mansion and a pool, all the latest toys, etc. + +Last Christmas, I got her a $50 Robux gift card. To me, that was *huge*. I agonized over that decision in the store, but wanted her to be happy, so I got it. I could not believe her reaction when she opened it. “Only $50? That’s okay, I guess.” I was smiling on the outside, but internally screaming (I haven’t bought her Robux since). + +A few days ago, she saw $25 on the counter (it was to buy her yearbook). She took it, walked to Target without permission, and bought toys and candy. It’s not like she doesn’t have money - she has almost $400 in her personal bank account. But I could not believe how little regard she had for money. When I was growing up, I would *never* have taken cash from my parents, let alone $25 - that could have fed us for a week. (And yes, she got in massive trouble for stealing) + +Since then, I’ve really been struggling with resentment at her attitude. I’m so glad she’s so far removed from what I felt as a child. She really is a good kid - kind, cares about others. And I would never tell her this… but the darker side of me can’t help but feel she’s ungrateful and spoiled - especially when I almost never get anything for myself, in order to provide for her. + +Edit: thank you to all who have offered support and understanding! For those sharing critical opinions, judgment, or advice, I’m feeling like I need to explain/defend myself, so here’s some extra info: + +-She’s in third grade. + +-We talk about finances often, and she has her own savings account which she funds through chores (mowing the lawn, doing her own laundry, etc). + +-She’s aware of bills and what it takes to make a household run. + +-I don’t treat her poorly because of my feelings. + +-She does have screen time restrictions, and we encourage healthy perspectives as much as possible - trips to the library, making bag lunches to take to the homeless, donating toys to lower-income children, talking candidly about wealth and class in modern society, etc. + +-She got some pretty serious consequences for the theft and walking to Target by herself, along with a series of talks about the issue. + +-The Target is about a 5 minute walk from our house. No, she’s not supposed to go there. She is allowed to play in the small park right behind our house, with check ins every 15 minutes or so. She came clean as soon as she got back from Target, because she knew she had done something wrong and was feeling very guilty about it. + +-We don’t force her to do any chores! She wanted ways to earn money, we offered her several choices, and she picked the ones she liked. As for the lawn mower, she’s always 100% supervised, it’s a non-powered mower, and we live in a townhouse with the tiniest strip of grass - it literally takes 3 passes and it’s done. She’s not in any danger, and it’s certainly not “child abuse.” + +Edit 2: Wow! Definitely did not intend for this to turn into a parenting advice post. I mostly was wanting to share the conflicting feelings of being happy my child has a stable life, and disappointment that she hasn’t quite figured out gratitude yet. Thank you all for your feedback! I assure you that she really is a great kid and I’m very proud of her. +So I have a friend who is now 32, whom I have always looked up to. He works 7 days a week (5 days in his FT job and 2 days in his side hussle on Saturday and Sunday). He has been working hard since he was a uni student at 19 and has always lived at home with his parents. Due to his extreme frugality and savings habits, he has managed to buy two investment properties (in good locations 20km or less from CBD) and has a significant share portfolio of about $500K ish. His annual expenses are about $4000 - $5000 (which ius mostly spent on video gfames and goin gout etc because his parents pay for his other significant expenses. + +Reading these forums, I often wonder how many people could have done the same thing. I am sure some people would not have parents as caring or that they would not like to live at home for that long. However, I also hear a lot of frustration even still about housing affordability, cost of living, trying to "escape the 9-5 ratrace" etc. + +And I just wonder for those of you who could go back to the time when you were 19 (and for those whose parents would be willing to allow them to stay at home rent-free), would you do the same thing as my friend? + +Of course, living with your parents has its drawbacks. You lose a lot of independence, depending on their parenting style; and of course it can impact on your relationships. But knowing that you save $30K a year in rent and $15K a year in other expenses, would you consider this as an option, KNOWING that at 32 you would be financially free or at least in a significantly better financial position? + +For me, I'd rather live at home with parents any day than risking it, moving out and becoming beholding to whoever my 9-5 employer is. That to me is not living... You lose your job and you have to find another one. If I lose my job I already have stable accommodation and investments +The first to be margin called (and eventually liquidated to cover their shorts when they fail to meet margin requirements) are the hedge funds... + +**They’re the small fish.** This might cause the price to go into the thousands. **The media will put them on blast hoping we believe that once all the hedge funds are margin called that it’s over**... but this is where it just begins... + +**Next will be the market makers and prime brokers** who’ve been “operational shorting” to “provide liquidity to the market.” As Wes Christian has explained, these are the big fish, the real mother fuckers. This is Citadell, Bank of America, JP Morgan, etc. They’re given privileges to short ETFs, fail to deliver, hide shorts/ fails with options, and to skim profits off retail by front running orders, and used these privileges to collude with hedge funds to manipulate prices by diluting the shares in circulation. + +This is where we could see the price go into the hundreds of thousands.... + +But it still ain’t over... + +**Next in line to cover would be the Clearing Houses (collectively the DTCC).** +They’ve been allowing all this to occur because they profit off all that sweet liquidity. + +**This is what they’ve been wanting to avoid and why the FUD/ bots/ shills leading up to this point will seem like a light seasoning compared to the avalanche we’ll see the closer we get to this point.** + +When the DTCC has to start shelling out, that’s when the price could go into the millions/ tens of millions. + +**And then the final boss would be the Fed.** And don’t think for a minute their hands are clean of the blood of the innocent that has been shed by this predatory naked short scheme. + +Expect fuckery at every step of the way, and don’t expect all margin calls to happen in one seamless stream; their goal is to never cover. They will try to drag this thing out and shake as many paper hands as possible. + +Edit: u/Upper_Piano1809 made a [great point ](https://www.reddit.com/r/Superstonk/comments/nv3r0i/the_squeeze_only_starts_when_the_hedge_funds_are/h13x6h9/?utm_source=share&amp;amp;amp;utm_medium=ios_app&amp;amp;amp;utm_name=iossmf&amp;amp;amp;context=3) that everyone, especially new apes need to know: + +Citadell is not just a hedgefund. It is conglomerate with multiple beaches. They’re also a self-clearing market maker. + +“ I can already see it. ‘Shitadel has covered it’s short positions the redditors have won the game had ended’ FUD article and potential fake flash crash to scare off the paper hands and gullible baby apes if there are still any though I highly doubt it after these six tough months of Moon Camp. they’re going to want to deploy this when **Shitadel HEDGE FUND (just one ‘arm’ of the conglomerate Shitadel is)** covers. When in reality that’s nothing, it’s **Shitadel SECURITIES A.K.A the BIGGEST MARKET MAKER in the world who’s doing the synthetic counterfeit predatory shorting** and that’s the real Piñata we apes are here for. But it doesn’t end there...” + + +^(I posted this as a comment and was encouraged to make it a post for visibility.) + +^(Edit: distinguished margin call from liquidation) +When I was in college, "not being broke" was a good enough reason to keep me working late at night, and propel me out of bed in the morning. + +Now that I've got a healthy nest egg saved up, I'm having a hard time finding something to "drive" me to the level that money used to? + +Am I the only one feeling this? +I’m talking no inheritance, no cars or major assets from parents, no living at the parents house while in university, no gifts of a down payment for the house etc. Starting from nothing and growing wealth on your own. Curious to hear these stories because most people I speak to have gotten a leg up from their parents wealth. + +EDIT: By wealth I don’t mean tens of millions of dollars, I think of wealth as being very financially secure with assets and income. Ability to provide for yourself and your family easily and without stress. Able to buy everything you need and a lot of what you want. Having what you need to comfortably retire. Obviously this looks different for everyone. +I purchased my first house as a single parent in September 2022. I had the usual building and pest inspection done, apparently everything was fine. Since I’ve moved in, I have had nothing but problems and it is quite obvious the building and pest inspector was incompetent because all the obvious issues with the house wouldn’t have just appeared overnight. + +This whole experience has cost me thousands already and there is still a few thousand I have to spend in the upcoming weeks to somewhat rectify the issues. + +I have significant buyer’s remorse and just want to sell, I have no good memories of this experience. + +How long would you suggest I hold onto the house before I put it on the market. Honestly I would put it on today but I know that isn’t realistic or smart, so I would appreciate any kind feedback or insight. + +Please be kind, I’m already under a significant amount of stress. + +EDIT: I just want to thank everyone who has taken the time to comment and be kind/offer advice etc. +It’s times like this that is really nice to see a bunch of strangers collectively come together to help each other out. Your comments all mean more to me than you’ll ever know and have made me feel a lot better about the situation. Thank you all again & I hope everyone has a wonderful New Year! +Perhaps the biggest narrative on CNBC in the past few months has that the markets wanted divided government. This has been supported by nearly every anchor. This didn't happen and the market is booming. Be wary of what you hear in the financial news. + +-- + +I'm not saying I know for certain why the market is going up today. I'm saying that CNBC was so sure it would go down on a democratic sweep and that's clearly not happening. Be careful about agendas in financial news, especially CNBC. It's all just confirmation bias day after day. (Not saying it doesn't have entertainment value; just be careful.) +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: + +*** + +- Follow the Golden Rule. All other rules apply as well. Follow [this link](https://www.reddit.com/r/ethtrader/about/rules) to view the rest of them. The rules page is also linked in the announcement bar above. +- General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or minor questions. +- Breaking news or other important content should be submitted as a separate post. +- In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoCurrency/search?q=%5BMonthly+General+Discussion%5D&restrict_sr=on&sort=new&t=all) and choose the latest entry on the search page. +- Pumping, venting, trolling, or any other similar behavior should be redirected to the /r/CryptoMarkets trollbox thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoMarkets/search?q=Trollbox+Thread&sort=new&restrict_sr=on&t=all) and choose the latest entry on the search page. + +*** + +Thank you in advance for your participation. Enjoy! + +Hi there, + +A father-to-be is here. My wife is pregnant with a due data in early December. I am a bit freaked out and really excited but I have no idea what to do finanically. What should I plan for? What expenses to budget for? Any common mistakes to avoid? Any good subreddits to follow? +Welcome to the ETH Daily Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here. 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. +- General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or support issues. +- Breaking news or other important content should be submitted as a separate post. +- In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoCurrency/search?q=%5BMonthly+General+Discussion%5D&restrict_sr=on&sort=new&t=all) and choose the latest entry on the search page. +- Pumping, venting, trolling, or any other similar behavior should be reported and redirected to the /r/CryptoMarkets trollbox thread. To visit this thread, [follow this link](https://www.reddit.com/r/CryptoMarkets/search?q=Trollbox+Thread&sort=new&restrict_sr=on&t=all) and choose the latest entry on the search page. + +*** + +* For newcomers who have basic questions about Ethereum, you can find answers by visiting /r/EthereumNoobies or our [Ethereum Education](http://bit.ly/2rMAXmq) wiki page. + +* **[EXPERIMENTAL]** - 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. + +*** + +Thank you in advance for your participation. Enjoy! + + Edit 3: [NEW GME FILING!](https://www.reddit.com/r/Superstonk/comments/u8xow1/new_form_def_14a_for_gamestop_corp/?utm_source=share&utm_medium=web2x&context=3) Watch for the online user count to grow organically now! + +Hello apes, + +If you're unsure of who I am, I'm a guy who tracks the stats of the community as well as other various GME subs and subs across Reddit ([latest post on this for reference](https://www.reddit.com/r/Superstonk/comments/tj3rhm/counter_argument_i_dont_think_were_seeing_the/?utm_source=share&utm_medium=web2x&context=3)) and recently took up the job of compiling a [master list for BCG scandals](https://www.reddit.com/r/Superstonk/comments/u55n5k/request_help_me_create_a_master_list_of_companies/?utm_source=share&utm_medium=web2x&context=3) (still in process). + +How do you all feel about yesterday’s FUD? Because it sure as hell pissed me off. I gauge when big news drops by how many people are online in the sub. For example, when the stock split dividend was announced, this sub had a peak of 45k users online. Naturally, when I saw the sub was at 35k users online around 12:00PM ET, I thought, "Oh shit, stock dividend info must be dropping at this very moment." I was pissed off to find no such post existed and in fact, we were deep in a forum slide with [this post](https://www.reddit.com/r/Superstonk/comments/u7x9sl/why_is_this_getting_hidden_the_nscc_has_proposed/?utm_source=share&utm_medium=web2x&context=3) claiming that the new rule **SR-NSCC-2022-801** is going to stop MOASS. + +While I agree it's a shady rule that is meant to screw retail over, not a single person had a counterargument to it. The FUD that this rule will certainly stop MOASS was overwhelming. + +Guys, the thesis hasn’t changed. SHF still need shares. We will not provide them with such shares. MOASS is inevitable whether it's tomorrow or not. + +Here’s the thing, the bots are still here. In case you don’t believe me that bots are still overrunning the sub, take a look at these stats below. This is the average online count for Thursday mornings at 10:00AM ET for the last 30 days along with current user counts across the subs I track with a few new subs. + +KryptoKurrency | Average Count - 4210 | User Count – 7700 + +DDintoGME| Average Count - 125 | User Count – 143 + +Diablo | Average Count - 244 | User Count – 535 + +DnD | Average Count - 2626 | User Count – 5045 + +DunderMifflin | Average Count - 2843 | User Count – 5036 + +GME | Average Count - 2319 | User Count – 4025 + +GMEJ - ungle | Average Count - 1974 | User Count – 3047 + +Jigglefuck | Average Count - 264 | User Count - 398 + +NSFW\_GIF | Average Count - 2006 | User Count - 3899 + +StockMarket | Average Count - 791 | User Count - 2792 + +**SuperStonk | Average Count – 22207 | User Count – 36463** + +Popcornstock | Average Count - 6299 | User Count - 7334 + +criticalrole | Average Count - 545 | User Count - 574 + +dogkoin | Average Count - 676 | User Count - 1114 + +fidelityinvestments| Average Count - 86 | User Count – 95 + +gaming | Average Count - 10402 | User Count - 7158 + +lotrmemes | Average Count - 1654 | User Count - 1782 + +mildlyinteresting | Average Count - 8559 | User Count – 8086 + +nba | Average Count - 12640 | User Count – 24197 (NBA Playoffs hype) + +politics | Average Count - 13554 | User Count - 16319 + +rupaulsdragrace | Average Count - 1375 | User Count - 1743 + +stocks | Average Count - 3232 | User Count – 9699 + +trees | Average Count - 1638 | User Count – 2750 + +**UUSB | Average Count - 14634 | User Count – 47847** + +While some subs are slightly over their norm, Superstonk and UUSB are WAY above their averages. I know Netflix took a shit this week and UUSB has been frothing at the mouth over it, but come on. + +Apes, I know you're retarded, but you're not stupid. When major FUD comes on a nationally recognized ape holiday, we need to be smarter. I'm not saying don't get pissed off. I'm saying don't act off of anger or fear. Give it 24-48 hours. Think rationally. Talk with others in the sub about it and let's come to a consensus. + +End rant. + +Edit: [Here's DLauer's](https://twitter.com/dlauer/status/1517150235964760068)[ Twitter post on the new rule questioned above](https://twitter.com/dlauer/status/1517150235964760068). Here's the quote if you don't have a Twitter, " Ok, it's clear that there's a ton of demand for more information here. My first read is that this rule is NOT doing what some of the more extreme views online think it's doing. I would caution everyone about jumping to conclusions on it. I'm trying to setup either a space or AMA." + +and + +"An expert in the space has told me that the rule is the NSCC's attempt to compete with the OCC Stock Loan program, so it's not like this is a dramatic change to market structure:" + +Edit 2: In case anyone wants to keep up with more stats for today. This is the average online count for Thursday afternoons at 4:00PM ET for the last 30 days along with current user counts across the subs I track. I've also included percentage increase/decrease from the average and the percentage increase/decrease since this morning. + +KryptoKurrency | Average Count – 4850 | User Count – 6579 | +35.65% | -14.6% + +DDintoGME| Average Count – 105 | User Count – 78 | -24.7% | -45.5% + +Diablo | Average Count - 312 | User Count – 728 | +133.3% | +36.1% + +DnD | Average Count – 2899 | User Count – 6281 | +116.7% | +24.5 + +DunderMifflin | Average Count - 1803 | User Count – 2700 | +49.8% | -46.4% + +GME | Average Count - 2284 | User Count – 3280 | +43.6% | -18.5% + +GMEJ - ungle | Average Count - 2089 | User Count – 2967 | +42% | -2.6% + +Jigglefuck | Average Count - 266 | User Count – 459 | +72.6% | +15.3% + +NSFW\_GIF | Average Count - 2053 | User Count - 3993 | +94.5% | +2.4% + +StockMarket | Average Count - 831 | User Count – 2598 | +212.6% | -6.9% + +**SuperStonk | Average Count –23220 | User Count – 36134 | +55.6% | -0.9%** + +Popcornstock | Average Count - 5215 | User Count – 7900 | +51.5% | +7.7% + +criticalrole | Average Count – 594 | User Count – 1144 | +92.6% | +99.3% + +dogkoin | Average Count - 626 | User Count – 1185 | +89.3% | +6.4% + +fidelityinvestments| Average Count – 97 | User Count – 94 | -3% | -1% + +gaming | Average Count - 12969 | User Count – 11503 | -11.3% | 60.7% + +lotrmemes | Average Count – 1180 | User Count – 1629 | +38.1% | -8.6% + +mildlyinteresting | Average Count - 7589 | User Count – 10085 | +32.9% | +24.7% + +nba | Average Count - 13210 | User Count – 26237 | +98.6% | +8.4% + +politics | Average Count – 13627 | User Count – 18340 | +34.6% | +12.4% + +rupaulsdragrace | Average Count - 1544 | User Count – 2191 | +41.9% | 25.7% + +stocks | Average Count – 3094 | User Count – 8931 | +188.7% | -7.9% + +trees | Average Count – 1706 | User Count – 3112 | +82.4% | 13.2% + +**UUSB | Average Count - 15293 | User Count – 48018 | +214% | 0.4%** + +**It may not seem significant based off of percentage increases. The oddity is the active users for Superstonk has a difference of 329 users and UUSB has a difference of 171 in the last 8 hours. Considering Superstonk has 770,704 members and UUSB has 11,984,989 members, I find this incredibly suspicious.** +Thank you to all the posts and comments I have read over the years that shared the biggest raises we’ll get (mostly) are job switching every 2-3 years. + +I was trying to remain loyal and I worked my butt off everyday thinking I could move up the ladder and earn more money, however, I realized I didn’t want to become a lead or supervisor in the field I was in, which meant my pay would be stagnant with only 2-5% yearly raises. I did love the work, but I knew I had to make more. + +I started slowly applying a couple months ago. I told myself 1 application a week. Then one week I submitted 5 applications! I was called for 5 interviews and was offered the positions for 2 and would have most likely been offered the other 3 but declined further interviews and I chose the one with the biggest pay raise, PTO, and more benefits. + +I knew I had transferable skills and that I could do the job based off the descriptions provided, even job duties I did not have any or a lot of experience in. I did a lot of research on the background of the companies by browsing their websites and through LinkedIn, Glassdoor, and Indeed. I also looked up common interview questions and prepared what I would say in response, etc. It was like I was in school again. + +Anyway, I start my new job this coming up Monday and I am so excited for this new adventure. + +Please, please, please. If you are unhappy at your job, whether it be because of pay, hours, flexibility, benefits, or any other reason - the time is NOW to find a new job. I was offered these positions through two phone call interviews - no video chats or in person interviews. + +Good luck everyone! I have faith that you will find a position suited for your needs and wants! +So the title is a bit click bait but not untrue. + +I graduated from college in 2019 and have now quit my job and live on a "passive" income of $115k a year from my rental properties. I'm currently in the process of closing on a few more that will leave me at about $160k "passive" income a year. + +I know the "rental properties aren't passive" and "you have a ton of debt!!" comments are coming but I figured I'd share my story anyways. + +After graduating with a BS in mechanical engineering I got my first job in upstate NY making $65k a year. I absolutely hated that job; I had to wake up around 5 am so I could get to my 6 am team meeting everyday. The environment was dusty and dirty and there was no one even remotely close to my age I could talk to during the day. Admittedly it was a pretty relaxed environment work wise and I did spend large portions of the day browsing reddit. + +Fast forward 6 months and I got a new job in western NYS. This job was more in line with what I wanted my career to be and gave me a great name to throw on my resume. For this opportunity I did actually take a pay cut to $62k (was raised to $65k 1 year later however), however the area was super low cost of living (1b1b goes for $550 back before covid). + +This next part is where I might lose some people because while my title isn't click bait, its not exactly a situation people can easily duplicate. Around 2 months into my new job, I opened a brokerage account and put $5k into it. Initially I was buying shares and would get excited when I made $2. I read all your typical [r/investing](https://www.reddit.com/r/investing/) advice etc, etc. However after not even a full month I got bored (I'm sure some of you can see where this is going). That's when I found [r/wallstreetbets](https://www.reddit.com/r/wallstreetbets/); I saw all the people leveraging their money into options and making crazy 40%, 60%, 100%, and even 200% returns on a single play. I began to stalk and stalk and eventually I pulled the trigger and liquidated by entire portfolio and began options trading. + +I will the the first to admit that I got very lucky. I turned \~$200 into \~$700 with a LL earnings play, made over $2500 with some far OTM calls on SPCE, and with some other trades, eventually I got my account up to around $65k in less than a year. + +Around this time is when I pulled out \~$30k to purchase my first rental property. I bought a 4 unit (1 SFH + Triplex on the same lot) for $138k. This property was more or less turn key with only the SFH sitting vacant. Once I got the keys I quickly rented the SFH out for $950 /month. This left me with a cash flow of around $900/month after all expenses besides management (I was self managing these since this was my only property). While all this was happening I was still working my FT job and day trading on the side. During the next couple months I was mostly day trading amazon options and managed to get another $30k which I used to buy a 3b1b SFH in cash. This was a bit of a fixer upper and I would spend my evenings working on it. After about a month and an additional $5k in work/materials (plumber for blocked sewer line, appliances, tools, etc) it was rent ready and I rented it out for another $950/month. + +Then in early December of 2020 I read a post on wsb about how undervalued GME was. I dumped nearly $35k into options and shares (I had 10 calls and 1100 shares). Initially I lost about 1/3 of the value but the infamous short squeeze happened and the price shot well past $400/share. I managed to sell everything around $350 leaving me about $375k after taxes. This really poured fuel on the rental property fire. + +Using around $150k I purchased triplex for $70k cash, a duplex for $58k that was financed, and a 6 unit multifamily for $270k (again financed). At this point I was still self managing these property but I had hired a couple contractors to renovate a couple apartments as well as replace the roof on one of the properties. During that time I also bought a sfh for $110k that I would live in as my primary and spent around $35k renovating it myself (minus paying a contractor to remove a load bearing all + install an lvl beam). For anyone that's keeping track, all in these properties (minus my primary) were bring in about $3500/month in cash flow. + +My next big purchase happened just after I finished renovating my primary; I found a 7 property portfolio for $735k. Because of all the work I did on the 2 houses that I paid cash for, I was able to refinance them and get out about $100k and only had to put up about $50k for the down payment + closing costs. + +During this time I was actively looking for a new job down south because I was quiet frankly tired of all the snow. Around the same time the portfolio closed I got a new job down in NC for $70k and moved down at the end of 2021. Instead of selling my primary I ended up renting it out to a group of grad students at a local university for $1600/month. Knowing that I would be a remote landlord I did end up finding a property manager to take care of all the properties. Combining that with the portfolio and my previously mentioned properties that brought my cash flow up to $9600 a month pre tax. + +I was laid off in February of this year and chose to not look for a new job. I don't really day trade anymore but I am continuing to look for new properties in the area. I currently have a few under contract and once those close I'll be sitting at around $160k pre tax. My goal is to get to $300k pre tax before I turn 30. + +Anyways that's my story. I don't have any advice or anything and I don't think I'm in the position to give any anyways; I just wanted to share with someone. Thanks for taking the time to read this! + +&#x200B; + +EDIT: Since this post has gotten a bit more attention than I expected in this sub I'll answer some common questions/comments + +1. Yes I got extremely lucky, nowhere in the post did I deny that. However I believe luck plays a huge component in anyone's success; my story is no different. +2. All these properties are located in western NYS +3. No I am not trying to sell anyone a course, a few people have dm'ed me about it. No clue where that came from. +4. $9600/month is the net free cash flow. The breakdown is below +5. I don't post often to my account, that doesn't mean I don't use reddit a lot. I've been subbed/lurking/and occasionally commenting on wsb since it was 500k users. +6. I currently own 13 properties (33 doors/tenants). I owe about $1.2m and have about $300k in equity between all properties. Market value on the whole portfolio is around $1.5m. +7. $375k was the approximate amount left after setting aside nearly $125k for tax. + +Breakdown (annual to nearest $) + +Gross rent: $310,704 + +Property tax: $39,490 + +Mortgage (PMI): $90,764 + +Common Utilities (varies but never more than): $3000 + +Repairs/maintenance budget: $24,760 + +Insurance: $8957 + +Lawn + snow removal: $2730 + +Management: $24,856 + +Net free cash flow: $116,147 or $9678.92/month + +&#x200B; +They've done it successfully on two subs already and it has worked to perfection. We are the 3rd sub that was a spinoff from the original WSB phenomenon. They successfully infiltrated that sub and divided it to GME then successfully divided that into superstonk and..... + +IT DAMN NEAR WORKED AGAIN... You tried SHF, but failed... + +Be proud that this mod team and community quickly sniffed this out, corrected any misinformation, and we are now already back on track instead of making a new sub... WHICH IS EXACTLY WHAT WAS JUST ATTEMPTED. + +BUY, HODL, & BE EXCELLENT! + +that's our new motto. + +&#x200B; + +EDIT: AWWWW SHIT.... It's the all seeing eye... DFV if that's you, just know I can't wait to see everything you do after this. I will tell stories of your legend to all who will listen... you will forever be a part of history... Seriously. DeepFuckingLove ... If not, whoever you are... still deepfuckinglove. + My wife and I recently moved to our new house. It was our final house move and we put 50% down because I had put a lot of equity into our previous house. We got more land and cheaper taxes. It is in a more expensive subdivision with $600k plus houses (ours was not that expensive because we did not want to increase our cost of living). It met all of our needs for what we wanted in a house. We recently went over to a new friends house and it was one of those pristine houses. HGT TV, new everything, etc. Our house has a lot of new features but has some projects (new roof, fixing the basement, yard work, etc.). This got me thinking. + +We do not live excessively or play keeping up with the joneses. We stay out of debt short of the mortgage and cash flow any expenses we have. Before we moved, any additional money went towards the mortgage or big purchases. Even now, I am budgeting for the roof, new car, etc. The only thing that is really eating at our expenses that I hate is childcare. It is the cheapest in town and our parents do not live locally. We both have stable jobs and I also work in the National Guard so I have a bit of extra incoming. + +However, what I cannot wrap my head around is how people afford these houses, furniture, lifestyle, etc.? The most obvious answer is that they live outside of their means. But how do they even do that? The persons house I went over to, they had 3 kids, she does not work and they have an amazing house. We budget for all of our expenses and it always feels like after everything, there is nothing left for fun or money just to buy things. I am always saving for next month, big purchases that I know I will have. I have been investing, saving, working, etc. since college and while I do have fun, it feels like I do not have that cushion to have me money anymore. I know part of that is kids and things I need to save for. But how do people do it? I am at the point where we have saved/invested to have an extremely solid foundations. Now its like I want to live and just do but there is always something that is going to break or needs to be updated. + +Lastly, I know I am extremely fortunate because we are financially secure. It just feels like I spent my time not living to ensure my finances are in order if that makes sense. Not sure if anyone else feels like that or has any advice but I am all ears. +That stream was decent to start with, and I'm grateful for the mods putting in the time to do it (especially those that hadn't expected to be there). But that was a mess. + +Pink not being in the meeting (why was she dispatched then?) [EDIT - CLARIFICATION, PINK DID NOT GIVE AN INTERVIEW TO CNBC] , celebrations over the price going up by 1%, and mass claims of "confirmed" over voting (when the wording does NOT mean that necessarily, nor was it confirmed by those in the meeting). + +Having said all that - thank you mods for doing your best with it. It was chaos, but I remain faithful in you all for the work and DD you do to keep this sub running well. Late developments like Satori have been huge, and really useful. Anybody that is saying "ruh ruh mods compromised brr gotta move" is a shill and can fuck right off. + +The simple truth behind this beauty of a stock is buy and hold. That's it. +Title says it all, I’m a very young adult with a few thousand in my bank and I feel very uneasy knowing that there is a high possibility that there’s gonna be a huge economic crisis that could mirror or be even worse than the Great Depression. What should I do with the few thousand I have in my bank now? Invest it in gold? Leave it in my bank? Pull it all out into cash? Please leave your suggestions, I want to get moving as soon as possible. Thanks. +In other words, if most of your wages go into your house, and you currently earn less than $175k, you would have been better off as ~~a median~~ an average wage earner in 1993. + +This may be obvious in reality, but seeing the numbers was surprising to me. + +Maybe it's wages that are broken, not house prices. Now's the time to ask for a raise. + +(Note this only takes into account the capital value, not interest rates which were around 5% in 1993) + +**Edit:** Just realised the data I was looking at was *average* wages, not median + +*Sources* + +* https://www.ausstats.abs.gov.au/ausstats/free.nsf/0/402B58AD857DDD04CA2574FA00146390/$File/63020_FEB1993.pdf +* https://www.aussie.com.au/plan-compare/property-reports/25-years-of-housing-trends-property-market-report.html +https://www.bloomberg.com/amp/news/articles/2020-07-22/insiders-who-nailed-market-bottom-are-starting-to-sell-stocks + +"As U.S. stocks climb to their most expensive levels in two decades, the executives in charge of the companies benefiting from the rally are showing signs of anxiety. + +Corporate insiders, whose buying correctly signaled the bottom in March, are now mostly sellers. Almost 1,000 corporate executives and officers have unloaded shares of their own companies this month, outpacing insider buyers by a ratio of 5-to-1, data compiled by the Washington Service showed. Only twice in the past three decades has the sell-buy ratio been higher than now." + +Make of it what you will. +In an attempt to save for a house deposit, I've been eating like a student for 5+ years, buy nothing except for absolute essentials, spend the bare minimum on utilities, have no subscription or streaming services, and decline most social invitations that involve spending money. My only holiday every year has usually been a week or two of housesitting for my aunt who lives on the Kent coast (which I love and am very lucky to have the opportunity). Later this year I'm going to France for a wedding and staying on for a few days with friends, which I feel guilty about. + +During this time I've been earning between £40-50k a year and very grateful to be able to save at least £600 a month (£1000 a month more recently, since I got a pay rise and have been working remotely). I currently live in a house share and housing costs are high because I'm in the SE. (My family live here, my work industry is here, I can't help it, sorry). + +But to be honest I'm sad and lonely and no closer to buying a home, with costs and house prices rocketing. Do I just give up and live my life? Whenever I bring this issue up I'm just told (mainly by older relatives) that I need to cut out frivulous spending like clothes and takeaways and holidays and it really upsets me because I don't spend on these things, and it's not helping! +Abu Dhabi Investment Authority makes ₹5,683.50 crore investment in Jio Platforms for a 1.16% stake. This is the eighth investment in Jio Platforms in less than seven weeks. With this investment, Jio Platforms has raised ₹97,885.65 crore. + +Source :- https://economictimes.indiatimes.com/tech/ites/jio-platforms-is-set-to-raise-rs-5863-50-crore-from-abu-dhabi-investment-authority-by-selling-1-16-equity-stake/articleshow/76247517.cms + +Mukesh Ambani's RIL is on a roll and JIO is an unpreceedented investment spree +Hey all! I just fatFIRE'd last year. I'm looking to move apartments (NYC) and was just denied from one because I'm unemployed and can't prove 40x the rent, which is the requirement. My 2.5% SWR is 75x the rent, but apparently they only count "active income." + +Have any of you dealt with this? Suggestions? I really don't want to buy, I've never lived at an address longer than a year as an adult, so buying seems like a messy option. + +edit: okay i guess I'm not going to be homeless. thank you all for the advice and assurances! +Me (23f) and my boyfriend (23m) have been discussing buying a house but when it comes to finances we disagree. He earns €700 a week and I earn €350 a week. + +A mortgage for us would be roughly 600/700 a month and I think it would be more fair for me to pay 250 and he pay 350 but he disagrees and believes it should be 50/50 split. It’s not an argument but it’s been a discussion. + +I was just wondering what the most common way of doing things would be ? +This isn't a pump piece but more of an observations piece. + +Does anyone feel like this is Q4 2016 all over again? I'm talking about price and sentiment here in this sub specifically when we had less than 5000 members. I'm probably not going to get a lot of old timers to chime in here but our numbers have gone 10x+ in terms of members and everything is magnified. + +The main difference this time pricewise is we're fighting for $1000 instead of $10. Just reading everything on Reddit yesterday with /u/laughncow [crash graph comments](https://www.reddit.com/r/ethtrader/comments/83xplk/here_is_a_history_of_crypto_corrections/?st=jepjvgad&sh=6178e015) reminds me of the troll winter here in EthTrader back in Q4 2016....lots of long timers were starting bailing out because they'd never seen a crash before that big. MANY MANY people bought at the high range $18-$22 (yes including me) and were capitulating under $12 hoping to get back in around $3 "because they'd seen it in Bitcoin before". And then the reversal took place at $5.85....so my mind thinks the market wants to see yet a 3rd dip to $585 to complete the painting of the tape. I will not dare sell here. So be it if it does. + + + +*"um..guys are we gonna be like 2014 400 day long bear again?"..."guys are we?"* + +When I here this fear I get the feeling that someone over invested. Don't over-invest. I made that mistake in that particular year. You can use risky money if you are younger but PLEASE don't use emergency money. One unforeseen medical bill forced my hand to sell at a loss that year. PLEASE don't use emergency money like I did. + +Now fundamentals have improved dramatically in terms of conference attendance, community participation, EEA, truffle use, DAPPS going through final audits/testing, OMG plasma in May along with a whole new wave media/gov/companies everywhere piling in the space and concern trolls are really truly worried we may revisit $100 again. REALLY? + + *"I'll be back in when we complete the retrace to $100-$200. I hate to see $300 break but it may"* blah blah blah. + +I know I'm a man of many rose colored glasses. There are ALWAYS going to politics and regulation fears in crypto. Just get it in your head that crypto is here to stay. The US at least is wanting your tax dollars any way they can and crypto is no longer something that has a fear of being wiped (which it can't anyway but that's a different philosophy thread) but rather being considering a BOOMING new asset class. An asset class that has proven to be a very low barrier to entry asset class with much to prove in terms of utility and trustless settlements. + +You can buy now, buy later, sell now, sell later. 4 choices. I personally think the band-aid is off and the next move up may leave you the way the reversal left so many traders at the station Q1 2017 particularly in April 2017. Traders back then who had sold at $10 never reentered because the price hit $50 and was still "overvalued". Now here we are just just under the new $7 in my book. + +I'm beginning to think market makers are holding a lower ceiling here and the higher lows are coming. I can feel it. Bitcoin needs to shit the bed one more time and let the strong hands go deep in around $7500, ETH ratio holds/goes higher here, we touch $550-$625 or so and then the train leaves the good gosh golly darn station again. No problem doing some DCA here. Just some thoughts. + +Project to January 2020 for a bit. What do you see? + + +Excuse my ignorance and not to be a downer but... + + +Seeing petrol hitting 2 bucks a litre in my city, my grocery bill going up 10% some weeks and 15% other weeks in spite of not changing what I buy + property prices on the rise again post lockdown, I'm just wondering... + + +***Is this a permanent thing now? Are prices for these goods, services and real estate going to stay like this forever? (or get even higher?).*** + + +I'm aware of inflation but the increases in all of these things this year seems to have caught even the most financially savvy off guard. +so i've been doing some thinking about when to retire: + +i'm currently holding 300k USD in low interest deposits, about 10k in crypto, and make about 120k USD a year. i'm a young professional that had always felt like stopping the 9-5 and go back to being a digital nomad and live in the places i love. + +So the proposition is: + +if I dumped the 300k into QYLD, that would return 11.5%. and if i move to thailand, that would give me a comfortable 80k THB per month of passive income (To give some context, a normal professional income is around 30-40k THB). If I do 6 months of contract work a year, I could perhaps add a little bit more on top. + +pro/con : + +I would be sacrificing my income growth years, but I would gain freedom during the best years of my life while i still have youth. + +Question: + +According to my current trajectory, when is the mathematical best point in time, I should quit the day job and live the rest of my life? This point in time should be the inflection point where "my comfort" surpasses the rate of growth of my assets. +Paid off my credit card today! Wasn't a huge limit, but one less thing to worry about and one step closer + +ETA; thank you to everyone for the overwhelming support!! Such an incredible group of people and super supportive. Thanks to this group I've definitely become more money/finance savvy. Thank you to those that have given this post awards too, really appreciate all of you + +Also should have added that I paid off and closed the account in the same phone call! +Hi everyone, this week I passed a major milestone for me. Through investing in high dividend yielding stocks like the major Canadian banks, Enbridge and Telus, I was able to get a daily average of $5 in dividends. With quick maths you can calculate a yearly return of around $1,800, which equals 3 months of rent around where I live. Being only 21, the future is looking bright! + +Thought I'd share my milestone with you guys. Next step is $6 daily! +Hi everyone, this week I passed a major milestone for me. Through investing in high dividend yielding stocks like the major Canadian banks, Enbridge and Telus, I was able to get a daily average of $5 in dividends. With quick maths you can calculate a yearly return of around $1,800, which equals 3 months of rent around where I live. Being only 21, the future is looking bright! + +Thought I'd share my milestone with you guys. Next step is $6 daily! +Greetings Apes, trust you're all having a great weekend. It was quite a week, eh? + +I'm a pure smooth brain, riding off the back of others fantastic and educational DD so this post isn't technical stuff, no deep dive DD, just me sharing my thoughts on Sunday. + +I was thinking about everything that has happened over the last week with the other ticker, RC getting slammed in the MSM, u/einfachman apologising for getting the read wrong on RC options play (no need, bro, we doing our own thing, appreciate your solid DD), various theories around RC pulling out of the other ticker, basket stocks getting pulled alongside the crazy swings in the other ticker yada yada yada and I always come back to the same thought. If they could end it, it would already be done because you can be sure as I'm sat here in my pants chewing a blue crayon that 'they' do not want this to drag on and wish to god it would just disappear. + +I'm old enough to have been in a couple of situations in the past where I've been stuck between a rock and a hard place. Making a decision when your back is against the wall is tough, really tough, especially when the 2 outcomes are not in your favour. This is, I believe, exactly where the SHFs are now at. + +They have 2 options available to them: + +1. They let GME run and try to manage the amount of financial damage they could absorb. I believe what we have seen this last week *could* be a dry-run and a deliberate 'message' sent out to retail that *"you risk becoming a bag-holder if you FOMO in because look how quickly* *~~we can pull~~* *it can crash down".* +2. They just stick with the status-quo and keep shorting, hiding positions etc., except that cycle eventually ends due to DRS and holding and this takes them back to option 1. + +I believe they are in a holding pattern, really unable to comprehend and counter the situation they are now in. It's well said that GME shareholders are creating a unique situation, with a mindset never before encountered by Wall St, and 'they' simply do not have an answer on how this ends favourably, or at the very least with minimum damage, for them. Spoiler....... >!it doesn't!< + +So, as per the title to my Sunday musing post, if they could end it, it would already be over. The simple fact is, it is not over, GME is still in the news, still generating interest, still adding new shareholders and still with many more catalysts to come. + +We are in for an interesting few weeks, that's for sure. + +Enjoy the rest of the weekend and thanks for attending my rambling. + +EDIT: Kind of blown away by the response this post has had. Thanks for the awards and updoots, Apes. I'm humbled. +https://news.bitcoin.com/us-senator-passing-unproven-crypto-law-stifle-innovation-make-americans-poorer/ + +### + +**U.S. Senator Mike Lee has raised concerns that adopting the crypto tax provision in the $1.2 trillion infrastructure bill will stifle innovation and make Americans poorer. He explained that cryptocurrencies are not like securities and cannot be regulated with the same policies, noting that to do so would drive innovation offshore.** + +>“These aren’t just stocks. It’s something very different. It’s a medium of exchange that, if adopted more widely, could facilitate a lot of economic activities and a lot of innovation within the United States of America.” + +>“What you’ll see is the flight of innovation, and investments related to innovation, to offshore locations around the globe.” + +> "You are trying to adopt many-decades-old regulatory policies to a completely new form of exchange — one that, by the way, values very highly the privacy of those who exchange in it.” + +> “If what you’re going do is take away that value by requiring that all of it be registered and publicly disclosed by giving the federal government the ability to peer into it, you’re going to stifle innovation, you’re going to make a lot of people upset, and you’re going to make Americans poorer.” + +## + +Im blown away! He has outlined basically all of our arguments hasnt he? +Hello Everybody, + +As many of you know we have been doing a lot of research into the FTDs, ETF shares creation, and swaps that support these quarterly moves. + +After the failure of price action to be realized through. Most of December and January, I will cover what went wrong and what went right later in this DD. Move forward and apply the failures in expectations to future outlooks. + +There is a lot of hype built around this week, with expectations high I wanted to ensure to the best of my ability that not only did market mechanics point to an improvement in price this coming week but that volume, trend, stochastic and price analysis indicated it as well. + +In an effort to be as absolutely certain as the data available would allow. + +# What is OPEX? + +OPEX is a bit of a misnomer, it is technically the Options Expiration (OPEX) of ETF and Index options. These actually occur every month but the quarterly options dates are the ones that effect GameStop primarily as the majority of institutional options interest in ETF and Indices is quarterly. + +These occur per the [CBOE Calendar](https://cdn.cboe.com/resources/options/Cboe2021OPTIONSCalendar.pdf) on the 3rd Friday of every month. + +We however are only concerned with the quarterly expirations, which occur in + +Feb/May/Aug/Nov + +So why do these events which have very little to do with GME have such a great effect? + +Well due to share creation in ETFs and lack of interest in borrowing real shares of GME in order to deflate the overnight borrow rate. The vast majority of shares sold are synthetically created by Authorized participants. + +As creation/redemption builds in GME containing ETFs large numbers of puts are sold to mark long (Reg T) the net short allocation due from the AP. + +It is then likely swaps are used by the fund themselves to offset the debit from creation. + +So if XRT is -250,000 shares of GME and they have forwards or an (agreement to buy those shares at a future time based on the current "spot" price (market) ) Then their position is considered neutral. + +Let me show you visually. + +[Yeah I know It's super fucked up, the SEC has been aware of this since 2011...](https://preview.redd.it/0vpzst3fn5j81.png?width=2038&format=png&auto=webp&s=944bd0070e3d5a91bcb738dae2801e29caa51a29) + +>(WARNING: The things contained in this document are upsetting, to say the least) +> +>The whole thing is a solid read but pg.19-26 are the juiciest. +> +>SEC [File Number S7-16-15](https://www.sec.gov/comments/s7-16-15/s71615-60.pdf) +> +>**If you ever wondered why doesn't pickle DRS, this document is a primary reason.** + +*\* Edit 1:* + +*Since a lot of the people in the comments are asking me to clarify why this documentlowers my confidence in DRS. Also, because I see a lot of misinformation surrounding it and want to be 100% clear to avoid confusion.* + +* *The share creation process in ETFs and the ability of Authorized Participants to do this essentially as long as GME is held in ETFs* ***without facilitating a locate of real shares***\*. It is unlikely that anything short of 100% share registration could force a squeeze or stop shorting on GME. As long GME volume remains low it is likely this abusive system will continue to be used. The benefit being that we have large unstable price increases every quarter.\* +* *As long as shares are held in ETFs by institutions even with 100% registration this system could continue.* ***To be transparent on this point most ETFs do not allow this abuse, it really seems that XRT and a few smaller ETFs are the primary source of corruption.*** +* *It tells me that multiple institutions including the SEC and DTCC are aware of the problem and likely already aware that the float of GME is fully owned, and have yet to take any action.* ***It presents systemic risk***\*...meaning if the process were to be stopped or accounted for it could very well bring down the structure of the entire market.\* +* *Some people in the comments addressed T+5 (it's actually not 6, but since settlement is delayed till the following morning T+6 is used for ease of understanding). I show clearly above how they sell short puts on the ETF to mark long the FTDs which adds 35 calendars to the settlement time (Reg T) then cash settle the FTDs with the ETF. Effectively never returning the synthetic position at least not in the form of stock. The obligations then go on to cycle through CNS until such a time as they are cleared. ETFs have an effectively unlimited free-float, are highly liquid, and thus it is easy to clear FTDs in them.* +* *GME ownership has no effect on ETF FTDs or ETF settlement, while this process effects the "fair valuation" of GME there is no way to effect and obligation due to a different asset. This process is criminal, as it defrauds the investors of the ETF and also the investors of the underlying assets.* +* *Essentially ETFs create unlimited liquidity* +* ***I do however agree with Dr. Trimbath, that DRS empowers the individual shareholder and can protect the stock from the effects of abusive short-selling.*** *Unfortunately this process is abusive selling and not short-selling. The difference being short-selling requires a borrow.* +* *I think that Ryan Cohen is already doing the one foolproof thing to stop abusive short-selling and that is building a company that isn't worth shorting "brick by brick" and I'm excited to see what it becomes.* +* *In the meantime this winding and unwinding of these ETF positions will continue every quarter until there is evidence that they are no longer doing it via reported FTDs and ETF fund flow.* + +https://preview.redd.it/lt6m9thal8j81.png?width=666&format=png&auto=webp&s=7896e131055f11f3ce6b1394a84dd3924dc45c1a + +So after all that when those forwards are closed and the put oi drops the forward contract counterparty goes and buys some GameStop. + +This occurs within T+2 of these OPEX dates along with any gamma exposure from options exercising. + +The more creation used in the previous quarter ---> the more GameStop gets purchased. + +***\*remember creation is not a short sale, it is a share sold, it is synthetic. A short sale requires a borrow, no share borrow agreement is used in these transactions.*** + +&#x200B; + +>I want to take a moment and thank, wholeheartedly, u/turdfurg23 and u/zinko83, without them this information would not have been possible to obtain and disseminate. Their tireless efforts in uncovering information behind these ETFs and complex derivates are a true testament to what this community can achieve. They also have many more DDs on the topics set forth, that are frankly, all worth reading at least once. + +# Wycoff Accumulation + +Some information on this can be found here [Richard D. Wyckoff](https://www.wyckoffanalytics.com/wp-content/uploads/2021/05/Wyckoff-Method-Wyckoff-Analytics-English.pdf), this price analysis methodology has held up for almost a century due to the market psychology that supports it. It is an invaluable tool for tracking the intentions of large or "smart" money investors. + +*\*I should note here It is* ***not*** *traditional Technical Analysis while it fathered many of the trend and volume analysis styles that followed it.* + +Currently GameStop is displaying classic signs of accumulation. This is significant both in the near and long term as valuation on GME is reassessed by large market participants. + +[It looks we are rising on a textbook Wyckoff spring formation it's indicating a spring into a breakout. usually followed by a markup period moving from phase C to phase D](https://preview.redd.it/8kvvfscj54j81.png?width=2457&format=png&auto=webp&s=05ee8ee95b1365c5659c8baf16f7192ac9c4ac4a) + +It should be noted there is a bear case for this as well while less fun to hear it's best to temper expectations. It is possible enough interest has not accumulated on GME during this period and there are more low tests in store. I didn't want to ignore this especially with uncertainty in the global political landscape. + +https://preview.redd.it/w7c0k1rp75j81.png?width=2463&format=png&auto=webp&s=e495094fbc3b388b27fe1cdbe1ee73b5f4314aca + +**I however do not have high confidence in the bear case here, I will now explain why.** + +&#x200B; + +[Confirmation of price\/volume correlation with a move to phase D, ADX \(trend strength indicator\) and DMI +\/- \(directional movement indicator\) showing a consolidation it a trend reversal after the current \\"shakeout period\\" ends.](https://preview.redd.it/7sa97shh74j81.png?width=2454&format=png&auto=webp&s=dea536a7d6a2a4479494f9730ddd23dc1448ddb3) + +[Volume decline during the \\"shakeout period\\"](https://preview.redd.it/8iz83dnm84j81.png?width=1547&format=png&auto=webp&s=3fe73bcb84ef12d45b3af5feef80d9246ac63fbd) + +https://preview.redd.it/qs4ll37x54j81.png?width=953&format=png&auto=webp&s=1dc59ec00502b5fbb8f35c68ff1e31b72f9a2ab9 + +another examples of accumulation movements on GME although this took longer to play out + +[This was the period between 2019 and 2020 when Burry, Cohen and DFV bought in. We all know what came after... ](https://preview.redd.it/pfpr5doxm4j81.png?width=2460&format=png&auto=webp&s=9081e570408824f8f55f751fed69f7c92fa51785) + +>**While I don't think what I'm seeing here is gonna kickstart another run like January.** +> +>**A lot of the same pieces are in place. High FTD exposure from ETFs, what looks like institutional buying, and the incoming OPEX cycle. GME's bull case looks very strong. For the near and long-term, as this looks like move into a period of improvement.** + +# MACD + +I wanted to look at MACD in another way besides the sweeping up and down volume signals. As liquidity dries up I feel that they are less telling than the signal trend so I shaded this so people could see the double divergence in GME's downtrends. This divergence is then mirrored in the uptrends indicating that two primary mechanisms are used to short and then those two mechanisms are covered. + +*\*These being ETF share creation and bona-fide market making.* + +[I highlighted the signal trend here in an effort to look beyond the volume indicators and focus on the repeating pattern In the daily MACD. That second low peak has marked the beginning of every one of GameStop's previous runs.](https://preview.redd.it/76fg4w62z4j81.png?width=2225&format=png&auto=webp&s=8cb15e7a8940e3079e5ad3c68aba12117ee7d877) + +# NVI + +Negative volume index, I wanted to give people an idea of just how much shorting we have experienced over the last couple months since Nov 3rd (the last time we were above the mean EMA). + +Also take a look at volume trend since last march as a little extra confirmation of of illiquidity . Our deviation is the lowest it has been since last December. They can't keep this shit up forever. :) + +[This is literally the best time to buy GME since December of 2020](https://preview.redd.it/o37i40u425j81.png?width=2459&format=png&auto=webp&s=f7919ce96f1d183d5d45fec7828bbb6ece2bd629) + +# Price Predictions + +So with this Information and the last update I had from yelyah2 showing a gamma maximum of around 140 and some indication of it increasing due to large volumes of OTM calls. I would say a conservative range for this OPEX movement would be between 150 and 180. I have based this prediction on the following factors. + +1. Gamma Maximum tends to follow price upwards as more OTM calls are purchased (FOMO) it can drive up but when call buying dwindles there is no more delta to hedge. The rate of change in the underlying slows and price destabilizes. We have yet to hold above our Gamma MAX on any previous run. (see below) +2. Our previous OPEX runs have been fairly range bound with the exception of last February. While I must admit the exposure they have built in the last two months is far greater than anything since last Feb. The strength of OPEX runs had decreased over the remainder of last year. Due to a decrease in long call sentiment and thus weakened ETF exposure. T**here is mathematical evidence that the primary driver of GME price action are options both up and down** [Evidence of Concept](https://www.reddit.com/r/Superstonk/comments/snzn04/it_takes_money_to_buy_whisky_distilling_gmes/) and that Delta hedging makes up most if not all of our volume. Till it can be debunked, I am convinced that they do **in fact hedge options**. +3. Our volume trends do not support a move much greater than 180 the strongest buy pressure on GME historically is at 158.50 and 180.00 going back to January of last year. Any price points above that have been met with decreasing buy volume (due to surpassing gamma max) and the price becoming too high to continue FOMO. Simply put Quarterly OPEX alone is not enough to sustain continued price improvement past a certain range. This is one of the reasons our run in November was so weak, since the floor was so high when the run started it was only supported by the clearing of obligations and delta hedging. As soon as the obligations cleared... rug pull. + +[Gamma MAX on previous runs \(figure 1\)](https://preview.redd.it/v1x7cpwj95j81.png?width=1323&format=png&auto=webp&s=64ebf5495996917e7f7d2bab2932308c0b82fb1c) + +[Historical range of OPEX movement \(figure 2\)](https://preview.redd.it/t0zkqsbma5j81.png?width=2454&format=png&auto=webp&s=4576a0b3588c016ed5a2f8f88588bffdfd4ab1a8) + +[Historic volume trend matched with confidence in price improvement. \(figure 3\)](https://preview.redd.it/5bkw1fc865j81.png?width=2456&format=png&auto=webp&s=9b2de249038fadaa9710f6a692bc24ec45220e16) + +[Price improvement confidence scale for Feb. 18 -25 OPEX. While this indicates a fairly low range it is possible for FOMO to come in and drive the price even higher but since that is not something that can be predicted or counted on this scenario has the best probability in my mind.](https://preview.redd.it/rnwkmh7je5j81.png?width=2447&format=png&auto=webp&s=3afc6720c24601f8696b73720011dd70a4ba3e51) + +# Past Prediction Failures + +While I feel many of my predictions have been spot on and they only will increase in accuracy as I narrow down the mechanics of GME price realization. There have been plenty of things I have gotten wrong or did not realize were a factor and thus had not explored. + +First let me toot my horn before I focus on the negative. + +Some stuff that I 've gotten right... + +1. The August run and it's price range. +2. The November run and it's price range (but the volume and velocity were wrong) +3. The runs this last quarter on Dec 17th - 22nd, Jan. 26th, and Feb. 8th (price expectations were not realized) + +All of these, months in advance , the biggest disappointments came in the realization of price action. stonks only go up right? + +No, the market is dynamic. Things change everyday and no prediction is immune to shifts in macro-economic trends. This is why I update on the status of my theory every day to preempt these shifts and changes, as necessary, in real-time. + +[As for the expected run I wrote about these OPEX cycles in August and November of last year.](https://preview.redd.it/1wop6zgib8j81.png?width=2454&format=png&auto=webp&s=e97bb068647336150f4b4bb1f98b660b32b33e17) + +**So why did December and January fail to drive expected results? or why do you suck Pickle-man?** + +In short **XRT**, and some other ETFs that were placed on the threshold list on the futures expiration date. + +This action was **beneficial** to the the people generating GME FTDs and I would suspect it was done intentionally, although there is no proof the motive is obvious. + +RegSho Threshold while forcing settlement offsets when that settlement is due. So instead of all the ETF FTDs being due the same day it staggers them. This allows them to clear FTDs through CNS without overloading the "pipeline"(generating price action). Essentially taking GME exposure and diluting it across multiple assets. + +https://preview.redd.it/upitmvpce8j81.png?width=1306&format=png&auto=webp&s=3de4acaf63ac0f0b7a3f999870b0baee82660dac + +The effects of this offsetting can be seen in our volume profile from Nov -Jan when for all intents and purposes our daily volume should remain very low (DRS and less liquidity **≠** more volume) but to settle FTDs volume must be generated. Yet our volume over the last cycle is up... + +[This should not be the case](https://preview.redd.it/jgqcfc1if8j81.png?width=2454&format=png&auto=webp&s=af47603890ac27b2f27d16786a167d198f43be47) + +They actually began using XRT in late October. Finally burning it out on Jan 6th when the threshold process began. + +Or so we thought. + +While a threshold security cannot be shorted without a pre-borrow agreement. ETFs have no float so pre-borrowing is easy and creation/redemption can continue on the ETF regardless of it's RegSHO status. It does make it more difficult though and means more oversight of their actions. + +Essentially they shorted the entirety of the Nov-Jan cycle through ETF share creation and bona-fide market making. + +It was only after the RegSHO inclusion that we see GME share borrow utilization go up. You can see some evidence of this above in the negative volume index in the first section. Also here in GME short utilization after thresholding began on Jan.7th. + +[GME short borrow rate, utilization, and exchange reported SI shooting up after XRT begins the threshold process.](https://preview.redd.it/ra8igl4mq8j81.png?width=1606&format=png&auto=webp&s=e2337a2af85c1c12150232e3a9657bf1994675ee) + +There is additional evidence in entropy analysis on GME and it's related ETFs, but that's another DD. + +# Conclusions: + +All this synthetic creation will come due and someone will be on the hook for it whether it be the ETFs, APs, or counterparties on the swap, settlement will be demanded from at-risk counterparties. + +I'm bullish as fuck on the potential for these next few weeks to create massive price improvement on GME, but one step at a time. I have laid out my conservative estimate for this OPEX cycle and we will wait and see what the futures rollover period brings after that. + +&#x200B; + +**Now on to the part that I feel I need to discuss, in an attempt to heal the divide in this community and to defend my position here.** + +# Am I a shill? + +Well you're gonna hear a lot of things about me + +1. **That I buy puts** : I do occasionally to protect my investment when I expect GME to go down. It's accurate, I buy OTM puts to protect my long position if I think the price of the stock is gonna drop. It's not a bet against the company it's a bet against the person who wrote the contract I purchased. If the price goes down I have more money to buy the dip. Simple as that. +2. **That I'm self-promoting and monetized**: I have been pretty transparent with my YT earnings on stream they are minimal. Some people do choose to donate it's true. But, there has never been a paywall to ask me questions or access my content. I see no reason YT should collect all the ad-revenue. If I do this for 8 hours a day there is no reason for me to not collect the ad-revenue from my work, I do not ask for donations and never have if people want to contribute I have left the option open. **If I wanted to advertise on reddit** I could pay for Reddit's advertising service and advertise my stream through reddit, on the subreddits of my choosing for a nominal fee per click, I do not. +3. **The idea I'm pushing options to sell my own covered calls**: This one is just makes no sense... the OCC creates liquidity for options trades. Guaranteeing a buyer and seller for every trade. This liquidity is provided by MMs that market the markets for each asset (Wolverine for GME). So I do not need to generate buyers of my covered calls as a matter of fact I haven't sold a covered call (for more than a couple hours) since March of 2021. +4. **I said "most" Superstonk users were idiots**: True, I said these five words, there is a 4 second video proving it, out of context, but accurate nonetheless. It was in response to someone describing the people that consistently bandwagon and attack me and my posts everyday in order to spin a narrative that I am profiteering on the back of apes. **I could have risen above it, I did not.** + +**I have stood now for months in the face of personal attacks on my character, credibility, intelligence, and appearance. Because I chose to discuss the value of options contracts to the retail investor and their ability to generate a short squeeze scenario. The fact that I need to defend myself against these baseless claims speaks volumes about what this sub has become.** + +**If their hope is that I will back down, I will not.** + +**This behavior goes against the very essence of this subreddit and should be addressed.** + +[It's literally Rule #1](https://preview.redd.it/sv5ymxims8j81.png?width=587&format=png&auto=webp&s=0f2a004580424d2c7408d6584ad085d115fb91dd) + +But I have not lost faith, + +I think the **vast silent majority** appreciate the knowledge and information and whether they agree or not, walk away more informed about the stock we all love. + +**We can disagree, we can refute claims with evidence or proof to the contrary. We can discuss but we should never attack. The claims levied against me and other DD writers have been just that, attacks.** + +**When we fight amongst ourselves nobody walks away a winner.** + +I personally have, posted copious amounts of DD and Daily updates **every** trading for the last 10, almost 11 months now. I have given my perspective on GME and it's price movements. I have reached out in good faith and collaborated with others that were attempting to do the same. I have published all this information here on reddit, I have never withheld information behind a paywall or forced people to watch my stream. + +Everything you can learn from me about GME **can be found here, for free**. + +I have made predictions, have they always been right, **absolutely not**. The stock market is a chaotic system a prediction on an outcome can change the nature of that outcome. + +But every wrong estimate moves us closer to the ones that are correct and lifts the curtain on the actions of SHFs. Price predictions are always a toss up but the underlying mechanics that drive GME price movement are testable and backed by data. + +&#x200B; + +>Columbia University emeritus professor of philosophy Philip Kitcher, a good scientific theory has three characteristics. First, it has unity, which means it consists of a limited number of problem-solving strategies that can be applied to a wide range of scientific circumstances. Second, a good scientific theory leads to new questions and new areas of research. This means that a theory doesn't need to explain everything in order to be useful. And finally, a good theory is formed from a number of hypotheses that can be tested independently from the theory itself. + +&#x200B; + +I write this in defense of myself and others who do not wish to step forward, or cannot. + +To attack the people who have dedicated countless hours of their lives to bring information to the community is completely despicable, whether you agree with the information, or not. Many of these people have sacrificed countless hours of their lives. Losing time with family and loved ones. To bring things to light that never would have been know to have a contingent of people allowed on this sub to openly insult, intimidate, and harass them. + +I don't think I need to name them, they are made obvious by their comments and posts. + +Those seeking to divide us are not apes. + +I also wanted to share my own clip, and maybe this will give a better idea of my views on this whole situation and motivations. + +[This video is not monetized and I did my best to clear any donation information from the edit, if the mods want, I will remove it. But I think it gives some insight into my perspective and may help with the divisiveness so rampant here.](https://reddit.com/link/sy36q8/video/xfl1uitgh8j81/player) + +**You are welcome to check** [my profile](https://www.reddit.com/user/gherkinit) **for links to my previous DD, and YouTube Livestream & Clips** + +**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.* +I see many people are upset about Coinbase and their insane transfer fees so I thought I would make a simple instruction about how to transfer Bitcoin outta Coinbase for free. Lets get to it! + +1. Go to GDAX.com and log in with your Coinbase account. GDAX is owned by Coinbase, and it’s their platform for more technical people. + +2. After you logged in, verify your account if necessary. + +3. Press the “deposit” button and then deposit your Bitcoin from your Coinbase wallet. It’s free and takes only seconds. + +4. Press the “withdraw” button, then open the “BTC address” tab and put the address you wish to send your bitcoins to in there. + +That’s it! You have sent your bitcoins to another address and avoided some serious fees. + +Please upvote if you found this useful so more people can see it. :) +I'm really curious about how banking works for major companies. I'd imagine Google doesn't have a checking account that contains all of their cash. It seems like they would have lots of different bank accounts for different lines of business and subsidiaries. I also know that the FDIC limit for individual bank accounts is $250,000. Do they have private deposit insurance or something like that in place of FDIC insurance for their massive amounts of cash? Basically I have a general curiosity about how banking works for companies, so if someone has a good overview with a decent amount of detail, I'd be interested in hearing it. +As it is right now, banks provide and collect the majority of student loans across the country, there is very little risk for them because the debt is only dropped with death. If America introduced legislation that made all student loans provided by and collected by the schools, they would bear the brunt of the risk/reward. It would seem to me that the schools would then be incentivized to make sure the tuition and loans did not exceed the value that the program provides. It would be a much riskier proposition to leave students 200,000$+ in debt with 12+% interest, if the schools were the ones at risk of not being paid. In my opinion this seems to be the "capitalistic" solution, because colleges that produce students more capable of paying back their loans (better product), would then grow with the market & be able to increase the tuition at a reasonable rate. + +&#x200B; + +Would this be a feasible solution? Why? Why not? +Hi, + +I have been working for 2 years now and for the past 2 years, I have paid no heed to any of the ITR and tax related things. I just declared my rent and that is the end of it. I have not even looked at how much I have actually paid in tax. I am in a really bad situation in such at the moment and would like to know the very basics about income tax. I tried looking up on youtube but most of them were in Hindi, which I could not understand and I could grasp very few points from written articles. + +From my understanding, a Financial year starts from 1st April to the 31st March of the next year. + +So taking 01/04/2020 - 31/03/2021 as one financial year, if I have earned a total of 6L as taxable income in these 12 months, when will the tax be calculated and get deducted from my salary? + +And about filing the returns, if I want to claim the tax deductions, if I was to invest in PPF, NPS etc, should I be doing it in those 12 months period during which I received the salary? + +Does the income tax works in such ways as in, the tax will be deducted for sure from my salary but in the next year, I can show all my investments and claim that deduction back? + +I have already filed the ITR, which happened in November/December and I just did the basic submission of Form 16 given by the company and putting that on Cleartax. + +What should I be doing for the upcoming Financial year? When should I invest as to be able to claim the tax for the coming year? + +Sorry for such basic questions, but I am really lost at the moment and would need some help. +Good morning San Diago, + +I am Rensole, + +Do you smell that? + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/58h601d9o3t61.png?width=680&format=png&auto=webp&s=6c72adcd8ba59c6ba603adb7bf0a0023f10c18fb + +None of this is financial advice, I'm just an ape who found a typewriter with an internet connection + +So first up the man with head brighter then my future + +&#x200B; + +https://preview.redd.it/g0cmygpdo3t61.png?width=960&format=png&auto=webp&s=ba3a11a86061957dd549bc3a7e2cf8395e390f07 + +His vote in should be today around 11.30 EST so we should hear soon if the man with the plan will be voted in or not (spoiler alert, yeah he most likely will) + +&#x200B; + +&#x200B; + +https://preview.redd.it/avt04itqo3t61.png?width=1877&format=png&auto=webp&s=fd2b2a9d463dc08aa876fb8a82271c941e875f15 + +Oh yeah this is all coming together + +Ok so what's been happening? a few days ago GME updated their job listings to include specialism in blockchain crypte and everything, and Overstock had a likewise problem with shorts, google overstock short squeeze for further explanation. + +Now what happened yesterday? oh nothing big just GME paying off all of it's debt 2 years in advance! + +Because that's what a $10 dollar stock could/would do right? /sarcasm + +Ok so why is this big or important? well most of the Bear thesis were built on this idea that a new bond offering and the already existing debt, If GameStop defaulted on these bonds they would have to file bankruptcy. but that's now a 100% off the table. + +So now Short hedge funds are fucked, they physically can't get out of this situation as they can't use the shares from dark pools to close their positions (there aren't enough in there to do so). plus the millions of puts and calls... yeah kenny if you need a job after this my driveway needs sweeping. + +&#x200B; + +https://preview.redd.it/6ibornqdq3t61.png?width=1012&format=png&auto=webp&s=277773b59cde57257147f9275861b95864e94d3b + +Ok so lets go a little further why paying off a companies debt is important. + +Because in some cases badly run stores where used as collateral, they couldn't be closed even if they where costing money, this means that now the debt is gone they can close the non profitable stores (giving them revenue from real estate and lower overhead/operational costs) + +**They can declare Dividends, make payments or redeem/repurchase capital stock or make distribution of said stock;** + +Ok this one is a biggie, as they can now offer dividends again, be it crypto or classic, or give a one time dividend or repurchase stock at open market (meaning they can create a smaller float) so this one seems to be a big thing + +[A writeup on Crypto dividends](https://www.reddit.com/r/Superstonk/comments/mq82ha/gamecoin_special_dividend_in_crypto_request/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +Also of note, if GME offers crypto dividends don't worry they'll also explain at the time how this would be paid once the time is there. + +&#x200B; + +**Sell assets;** + +Again selling non profitable stores, creating a smaller operational costs overhead and cashing in on real estate. + +&#x200B; + +now here is the biggest one I want to dive into, bigger then dividends? OH YEAH + +**Engaging in mergers, acquisitions and other business combinations;** + +Ok ? but dividends where the big thing? Nah this is the biggest and most important part IMO, let's take a look at where our boy RC was yesterday with his tweet. + +Culver City, CA + +Ok let's see who is also near to that town, Super League gaming, with it's CEO Ann Hand. this could be a merger or joint venture with them to implement Esports in a big way in GME. + +Who else is near there ? The dank Memelord himself Elon Musk, Elon has said that he wanted to add gaming into Tesla cars for a while now so who knows. + +something GME added on their website starting yesterday (can't check myself Europoor) is Esports. + +[https://www.reddit.com/r/Superstonk/comments/mqcrc7/new\_addition\_to\_gamestop\_website\_esports/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/mqcrc7/new_addition_to_gamestop_website_esports/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +Or perhaps he was there to check if they could work together in some way shape or form, or perhaps he would like either of them to be the new CEO we just don't know right now. + +My personal opinion is most likely working together with either of them, Elon has expressed interest in gaming in Tesla's and well Esports will be a big part going forward so merging or working in conjunction with Super League gaming makes perfect sense to me. + +&#x200B; + +But the most important thing to know is that GME is Debt free starting 4/30, meaning CNBC and others will most likely start saying shit like "GME halved their cash"... seriously any good news sends this stock down so... yeah I'm expecting that tbh. + +[https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-announces-voluntary-early-redemption-senior-notes-0](https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-announces-voluntary-early-redemption-senior-notes-0) + +[https://gamestop.gcs-web.com/sec-filings/sec-filing/8-k/0001193125-21-114706](https://gamestop.gcs-web.com/sec-filings/sec-filing/8-k/0001193125-21-114706) + +&#x200B; + +**Addendum:** the debts will be payed at max around the 30th, other users have pointed out they can pay this debt off before that date, the 30th is just the last date they will pay it off. + +it could be they need time for paperwork to be filed, funds to be relocated or other things. + +[Thank you Anklebrace \<3](https://preview.redd.it/uqzx20y2t3t61.png?width=917&format=png&auto=webp&s=9e27dc35bf9b5b85ee63de27046f5c27b2680399) + +# SEC filing + +There has been a lot of questions around this and people pinging me, but [this](https://www.reddit.com/r/Superstonk/comments/mq4gfi/sec_filing_merger_with_brokarage_detailing/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) thread lays out pretty much everything about it and goes into it in far better detail then I could. + +&#x200B; + +https://preview.redd.it/fifh84c3u3t61.png?width=640&format=png&auto=webp&s=ea86227171087dd62a5045d1b401628ec2f8dcee + +# So strap in my friendly apes, we have no clue on what the effects of this will be, all we know is it will be a very bumpy ride. + +&#x200B; + +https://preview.redd.it/9o2uy0o5v3t61.png?width=554&format=png&auto=webp&s=1e249f7df9aaa28af19a6b2d7a00fd9b4088112a + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +&#x200B; + +&#x200B; + +https://preview.redd.it/cf2xuhw8v3t61.png?width=400&format=png&auto=webp&s=973b58b9e6ae9477c7d2afae4d644706977418b3 + +Remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day I will be adding it here. + +backups: + +[https://gmebackup.tumblr.com/](https://gmebackup.tumblr.com/) + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/HeyItsPixel1](https://twitter.com/HeyItsPixel1) + +[https://twitter.com/warden\_elite](https://twitter.com/warden_elite) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +And I'll be posting updates as they happen here: + +&#x200B; + +Also I've suddenly seen an increase of new accounts spreading shit like "We ShOuLd HaShTaG OcCuPy WaLlStReEt" Fuck off. we are not a movement, we are not organized so stop making shit like this, because I'll just ban anyone trying this shit. those posts only go to show how we are uncivilized and wish harm on others, which we aren't and which we dont. + +So if you see anyone post that crap, tag a mod + +&#x200B; + +&#x200B; + +Edit1: + +Gary "the gensilator" Gensler has been voted in + +[https://www.senate.gov/legislative/LIS/roll\_call\_lists/roll\_call\_vote\_cfm.cfm?congress=117&session=1&vote=00147](https://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=117&session=1&vote=00147) + +&#x200B; + +Edit 2: + +It's official: + +[https://www.forbes.com/sites/jasonbisnoff/2021/04/14/gary-gensler-confirmed-as-new-sec-chair-as-agency-tackles-gamestop-saga-esg-boom-and-cryptocurrency/?sh=7e021ecf6f67](https://www.forbes.com/sites/jasonbisnoff/2021/04/14/gary-gensler-confirmed-as-new-sec-chair-as-agency-tackles-gamestop-saga-esg-boom-and-cryptocurrency/?sh=7e021ecf6f67) +Was watching a YouTube video where a guy says he mandated his employees to come in when a blizzard was occurring and people said he was being ridiculous because it was a fast food place and no one needed that service. And of course, people said this is why people are so lazy now and that they're "soft". This was after watching a video on amusement park ride mishaps and how often poor training and poor staff is responsible to which comments argued teens should not be in charge of such things...Which I agree but guess what? It's a minimum wage job in the sweltering heat with likely few benefits. + +So then I decided to actually calculate what someone working 40 hours a week at $7.25 would make monthly and it's a whopping $1160 BEFORE taxes. Even if you get $900 of that and somehow only pay $450 in rent and utilities, does anyone not see how insane that is? Kids aren't working these jobs because they can flip shoes for more than that a month. No adult can comfortably live and save on $7.25 an hour. We constantly think that fast food is only minimum wage but EMTs make around minimum wage with just B training in some places. CNAs make close to minimum wage. + +At this point, no one should be shocked people in minimum wage jobs don't put in 2 weeks notices and stuff like that. Even if you believe that only kids should be working to make that money, that's a damn insult to a kid. They could make at least $10/hr mowing grass, babysitting, etc. +Hey goofs, + +21 days ago I told you that Buffett stuffed 47.6% of Berkshire's $300 billion public portfolio in one single stock - Apple. Here is the original thread: [https://www.reddit.com/r/wallstreetbets/comments/uewroo/476\_of\_berkshires\_300\_billion\_portfolio\_is\_in\_one/](https://www.reddit.com/r/wallstreetbets/comments/uewroo/476_of_berkshires_300_billion_portfolio_is_in_one/) + +https://preview.redd.it/1bsu09rs6o091.jpg?width=706&format=pjpg&auto=webp&s=f7ec9367c7850cc56359ae945043eea0c321d886 + +You down-voted me into an oblivion because I said something against a god Buffett. I told you I was going short on Apple, yet you made fun of me and mocked me for daring to think that I'm better than the oracle of Omaha! + +Where are your 90+ year old gods Buffett and Munger now? + +https://preview.redd.it/z5wz75cv6o091.png?width=1340&format=png&auto=webp&s=b47286e06fe59c90e239dd95ffe8c47cce07cf4b + +After small and mid cap destruction that started in November 2021, I can't hide my happiness that market is coming to destroy the big boys like Ackman (NFLX), Musk (TSLA), Zuckerberg (FB), Bezos (AMZN) and Buffett (AAPL) that you all jerk off to. + +They are not smarter than us. Fuck you and fuck anyone who thought Apple was reasonably valued at $3,000,000,000,000. + +Down vote me again bitches, but that won't save your AAPL castle from burning - muahahaha! +Oil prices are getting progressively lower, Keystone pipeline is nowhere near enough to send Suncor and CNQ up 30%. No price war resolution in sight. + +Coronavirus peak is not close to coming. + +Q1 earnings are coming up = bloodbath for every company except grocers. + +Unemployment up a record rate throughout North America, will continue in the next few weeks. + +Quanrantines are continuing for another month at the MINIMUM = business suffers. + +*Other than pumping money into the economy and helping inflation skyrocket, there is literally nothing propping up markets right now other than FOMO. Those people telling you all this terrible news is priced in are the same people bagholding after buying when things were at all time highs. We will retest the lows of 2 weeks ago very soon. Maybe wont surpass those lows, but it'll be close. +Hi guys! trying to evaluate the best and safe way to invest my money. do you think it is doable? Is holding stock and selling CC a viable option for the next 10 years considering that I am convinced that a recession will come and at least the next 5 years won't be so nice for the markets..? I am not so convinced owning leaps would be a good option since my guess is that by 2024 the markets won't yet recover... please tell me what you think. Also, what companies would you recommend for a dividend portfolio? thanks. +Again, the world's major chip and semiconductor companies are watching the conflict closely as the Russian invasion of Ukraine will likely hamper the supply of neon. + +Neon is used in lithography to make microchips. + +Currently it appears the larger chip manufacturers have plenty in reserve but are worried that if the conflict escalates or is prolonged then again, the industry will suffer as a whole. + +https://www.wired.co.uk/article/ukraine-chip-shortage-neon + +https://www.reuters.com/breakingviews/ukraine-war-flashes-neon-warning-lights-chips-2022-02-24/ + +Edit: removed insensitive sentence. +I came home yesterday to a warm fridge. I'm so heartbroken because I had plans for all the leftovers to feed us for weeks. Other food spoiled alongside the leftovers. Grocery budget is tight as it is and having to start over from scratch is devastating. + +Edit for info: I was gone for two days and have no idea how long it wasn't running for, I know some people think it's a waste of food but it smelled spoiled and even if that wasn't the case I wouldn't have risked it. I work in food service which has kept me strict about safely storing food. + +My fridge was not crammed full (y'all i'm poor) and from what I could see there was nothing blocking the fan, but thank you to those who mentioned it. + +I am a renter and have contacted my apartment office to the issue, I'll update when I hear back. Thank you all for the helpful comments. +I have a 3 bedroom house and have them sign one single lease stating the total amount due etc. I do not have parental cosigners. So one kid is trying to not move in, do i make his roommates on the hook for his portion of the rent, just him, or all 3. Never had this happen before. should i look into small claims court? ty +It’s the same story after every earnings call; + +“They’re screwing us!” +“That was boring!” +“Why did RC not fly in on a flaming saxophone spraying NFT dividends from his spicy peen all over Wall Street?!” + +In the daily, you can see the disappointment post earnings calls as though apes thought it was going to be some sort of magical Apple keynote or something. + +Try to think more like a traditional investor. Sometimes you may have representatives to gather information for you too. The structure/agenda of any public facing content should be communicated in advance to allow for the appropriate prep to be taken. An earnings call focuses on earnings. That’s it. It’s dry. It’s data. But as an investor, I want to know numbers to gain an understanding of Year on Year differences - this tells me the direction of the financials of the company and what my investment is doing (investment is usually thought of as long term and based on futures, right?). + +Announcing new products/launches/strategic shifts in a company may need to be more public - so you’d have press, a convention, a YouTube video, whatever…what benefit would GameStop have in revealing an NFT marketplace to financial advisors in an earnings call when it’s designed to bring value and joy to the average consumer like you and I? + +This may sound very basic to a lot of us, but I think it needs saying before next week because I know for a fact we are going to hear the same doom stuff all over again when a business talks about earnings in an earnings call. + +If you know that GS and RC are going to transform the face of e-commerce in the most lucrative industry on earth, then nothing changes. Zen and love. + +EDIT: a number of you have informed me that there is a press conference scheduled for after the earnings call. Now THAT is interesting. Perhaps we may see some spicy peen after all? Buckle up Wall Street! + +EDIT 2: the press conference may have been debunked as it seems to have been a recurring date (and hasn’t happened on previous dates mentioned). Carry on as you were! +HPQ-Silicon Resources Inc: tickers (hpq.v - tsx and uragf - otc) has developed technology that reduces the cost of producing silicon-based spherical nanopowders & nanowires, making this company an essential leader of the renewable energy revolution moving into the future. + +HPQ is currently being shorted by cynical wall street investors trying to leech off of the company’s value. These predatory tactics are limited, however, as HPQ has a growing legion of loyal supporters that will soon send shorters into oblivion. + +Why is HPQ being targeted by shorters? HPQ has the backing of the Quebec government and is partnered with Pyrogenesis, an equally promising green-solutions company that has attracted the attention of the ARK investment portfolio. HPQ’s nano silicon powder will be instrumental in making silicon batteries, hydrogen fuel cells and solar panels to deliver on a promise for a greener future. HPQ has recently surpassed industry expectations by producing silicon nanopowder smaller than 100 nanometers, which is critical for these applications. + +The HPQ/PYR dream team has the ability to produce economically viable Si-NPs (nano size of is totally customizable) using a process that is SCALABLE. This breakthrough is exclusive to HPQ Silicon and holds the key to renewable energy profits in the aforementioned sectors. As a result of this potential, HPQ has already secured NDA’s and orders for their product from electric vehicle manufacturers. + +HPQ’s ability to produce high-quality silicon powder at far cheaper rates than its competitors (with little to no environmental footprint) makes this company a highly strategic acquisition by TESLA and other EV companies. You owe it to yourself to do some due diligence in this company if you consider yourself a renewable/green investor, or wanting to join the movement of sending cynical shorts crying home to their mothers. + +This is the year that HPQ reveals its partnerships that will bring the renewable energy revolution to reality; a disruptive innovation in silicon production using low-cost, green technology, creating a paradigm shift in energy storage & generation. +First of all we know that is retail are just buying and holding, proof for example is the fidelity buy/sell bar. + +To my point, I can’t be the only one watching this current price and trying to figure out exactly how much I can budget to completely dump all of my extra cash in buying this dip right now. I usually buy small chunks during dips but seeing this crazy low price is getting me excited to have a chance at buying mass quantities. + +Am I the only one thinking this right now! The price is fake like all of last year and we all know it. This ape is getting loaded up friends! + +Edit: I like how the upvotes jump in increments of 50 up and 50 down. Shills don’t like what I have to say huh? Edit 2: I guess the upvote thing has to do with Reddit server stuff. Thanks u/Its-Waves for pointing that out. + +Edit 3: I love how I make a post about me buying more and wondering if everyone feels the same. Then messages saying the DD and constant proof was a lie, and watchlist messages lmao. You are not going to change my thought about buying more ok? +You have read right! $ElonGate donated 250k each (!!) to TheOceanCleanup and ActionAgainstHunger! Plus: Apparently they got contacted by Elon Musk's (yeah, the tesla guy) brother to partner up for a charity project. Awesome news coming in daily and the community growing rapidly. + +Also: Head of Community and Brand, Alex Gambon, has revealed that ElonGate has been fast tracked to be included on an exchange (a big one!). More infos will follow soon. + +This is slowly becoming much more than your usual shitcoin. This might really be the thing to HODL and get rich with. + +But first things first: $ElonGate was created in late March. At the beginning there was pure hype. Then people dumped on ElonGate, then they revealed that the 75k donation for Children's International is real, and people started to recognize that this might be a legit project with a real world use. And it is: ElonGate is actively helping to make the world a better place. Every 14 days, huuge donations are made! Next date: April 18th. + +How?! Apart from 5% of every transaction being burned and 5% being redistributed to holders, every 14 days, 1% of all transaction volume goes to the charity wallet and 1% is burned. How awesome is that? + +But that's NOT ALL, whaaat? ElonGate is giving away a Tesla Model 3 to one lucky winner. You have to hold ElonGate to participate in the prize! More infos on their website (link below). + +So get on board of this beautiful project if you aren‘t already. Currently sitting at 83k holders (growing faster than Safemoon I believe) + +\- Holders: 83k (+10k every day) +\- Market Cap: 220 Million (Potential 2-3 Billion upwards) +\- Current Value: $0.00000022 (still very early) +\- Worth in the last 7 days: +550% + +Total tokens: 1,000,000,000,000,000 +Burnt Tokens: 414,013,863,526,152 + +Everything else you need to know about ElonGate: + +🌐 Website: [www.elongate.cc](http://www.elongate.cc/) + +✉️ Telegram: [https://t.me/ElonGateChat](https://t.me/ElonGateChat) + +📈 Charts: [https://poocoin.app/tokens/0x2a9718deff471f3bb91fa0eceab14154f150a385](https://poocoin.app/tokens/0x2a9718deff471f3bb91fa0eceab14154f150a385) (Poocoin) [https://coinmarketcap.com/de/currencies/elongate/](https://coinmarketcap.com/de/currencies/elongate/) (CoinMarketCap) + +📊 BscScan: https://bscscan.com/token/0x2A9718defF471f3Bb91FA0ECEAB14154F150a385 + +💰 Buy $ElonGate: [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x2A9718defF471f3Bb91FA0ECEAB14154F150a385](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x2A9718defF471f3Bb91FA0ECEAB14154F150a385) +We were both blindsided by today. We're both pretty young, early on in our careers, he had only been there a year and was performing. It was a huge shock. We don't practice every best habit of the sub but we're grateful we picked up doing your best to live off one income. + +We just bought our house in August and insisted on going through the pre-approval process off my income alone. Our lights will stay on because our bills are effectively scaled to one income as well. We held off on car payments and continued to drive our beaters because the numbers for new used cars didn't make sense with one income. + +My only regret is not building up our emergency fund more (one month saved but we should've had at least three), so if you're reading this, definitely do that. + +Anyways, thanks to the sub for the constant advice on living below your means and always being prepared. I came to thank you all, not lecture. And encourage people who are following this thought process and are using a second income for the "extra stuff" - you're doing great. Today sucked but it could've been so much worse. + +We're counting our blessings and the job search begins tomorrow. + +&#x200B; + +**EDIT:** Thanks everyone for the encouragement and well-wishes. This obviously isn't the only thing going on in our lives, so the messages to keep going were greatly appreciated. + +For those of you who are in HCOL areas or other situations where living off one income isn't possible, I totally understand - the intent of this post wasn't to shame anyone into anything. We live in a MCOL city in the South and are in the tech sector so it was doable for us. We're also not beacons of perfection of this sub and are still working on breaking bad financial habits every day. + +For those of you who took this as a self pat-on-the-back post, I can see that. The intent really was to see the silver lining of things and encourage others who are perhaps considering this type of budgeting method. But I understand how fast this sub gets into circle-jerking and self-congratulating and didn't mean to purpose this thread for that. Just hoping to reduce the amount of "We're in deep shit from one event that could've had a much lower impact" posts by showing anything can happen at any time and that even then, we weren't as prepared as we should've been. +Because after twenty years of working 50+ hours a week to make ends meet, I can rest + +I finally have the time and money to get my migraines under control + +mine & my son's future is financially secure + +I can buy my dad a house + +I can make the world a better place + +and because the little guy *can* win + + + +After typing this I almost deleted it because it sounds too sappy, but fuck it + +*Edit +The instant reaction to this post made me tear up. I love all of you + +**Edit again +[Here's my truck](https://imgur.com/bb50RL4.jpg) + +***Edit #3 [GTFOH](https://imgur.com/p9SxE88.jpg) + +****I wish I could respond to all these replies! 💔 I see you, and I appreciate you +I am soon to be 25 and I’m in a about 5k in debt (hospital,tuition, CC). The military has always been in the back of my mind as a Plan B... the cut off age to enlist is 25 or 26 IIRC. And that’s if I pass the physical test lol. +https://www.cnbc.com/2021/03/23/intel-is-spending-20-billion-to-build-two-new-chip-plants-in-arizona.html + +- Intel announced on Tuesday that it will spend $20 billion to build two major factories in Arizona. + +- The news comes amid a worldwide chip shortage that is snarling industries from automobiles to electronics and worries the U.S. is falling behind in semiconductor manufacturing. + +- The announcement signals that Intel will continue to focus on manufacturing. + +“Intel is and will remain a leading developer of process technology, a major manufacturer of semiconductors, and the leading provider of silicon globally,” Gelsinger said. + +Intel also said that it will act as a “foundry,” or a manufacturing partner, for other chip companies that focus on semiconductor design but need a company to actually make the chips. Intel said its foundry subsidiary will be called Intel Foundry Services and will be led by Randhir Thakur, a current Intel senior vice president. + +Gelsinger said the foundry business will compete in a market potentially worth $100 billion by 2025 and will manufacture a range of chips, including chips based on ARM technology, which are used in mobile devices, and has historically competed with Intel’s favored x86 technology. + +A slide displayed by Intel suggested that companies including Amazon, Google, Microsoft and Qualcomm could be customers for the business. Microsoft CEO Satya Nadella appeared at Gelsinger’s talk in a show of support for Intel’s move. +Hi everyone - Robbie here. + +Thrilled to share the next chapter of Immutable: enabling the first-cross rollup liquidity platform, scaling the next billion players on Web3. We unveilved it live on Bankless this morning: [https://www.youtube.com/watch?v=scIzP2CU788](https://www.youtube.com/watch?v=scIzP2CU788) & [our twitter](https://twitter.com/Immutable/status/1529207462334992384). + +Immutable & GameStop will be able to support hundreds of games, each with thousands of transactions per second. You will be able to trade these all seamlessly on GameStop's marketplace irrespective of which scaling solution they choose under the hood. + +Happy to answer any questions below! Stay tuned for more - and can't wait to bring the next billion players to Web3 with you all. + +P.S. if you haven't being paying attention, the largest unreleased crypto game in the world - [Illuvium](https://twitter.com/illuviumio) \- will be launching their landsale soon, and will be available to be traded on GME from day 1 of our marketplace integration going live. [https://imxgrant.nft.gamestop.com/coming-soon](https://imxgrant.nft.gamestop.com/coming-soon) + +\- Robbie (DMs always open: [https://twitter.com/0xferg](https://twitter.com/0xferg)) +Assembly Bill 1771 is a proposed law in California that will impose a 25% tax on any profits from residential real estate bought and sold within 3 years. This law is basically targeting and punishing house flippers. + +As someone currently halfway through getting my CA real estate license (for the sole intention of starting a flipping business), this has me concerned. + +Whether or not the law passes, California in general seems like a state hostile to investors. Should I look to get my license elsewhere like Florida or Texas and invest there? + +Anyone in the same boat or can offer any advice? +I'm not sure if this falls under Rule V (i hope it isnt) and is soapboxing. I'm not trying to instigate fights or anything I'm just curious if the economic logistics and actual theories hold up against the narrative. + +I only took electives in Econ, I am an Accounting major so my deep understanding of Economics only goes as far as basic formulas on supply and demand curves + history of economics and the different political systems economics operates under. + +Anyways, I've seen this narrative online where people constantly demand Jeff Bezos, owner of Amazon, to give his wealth back to the lower class and the people who need it, with tweets along the line of 'if Jeff Bezos' gave 1% of his wealth, he'd stop world hunger, do x, help y' etc. + +As far as my knowledge goes, a majority of his wealth comes from stocks, and from my own years of formal education, the stock market doesnt take kindly to 'selling out a sh\*t ton (for a lack of better word) of stocks' from a multibillion dollar company since itd devalue the stocks right away and cause investors to turn back and itd just be bad for the lower class + economy in general. + +So with that being said, is it correct to assume that the online posts about Jeff Bezos and how a portion of his wealth should be given back to the poor is just misinformed fearmongering? + +~~I know Amazon has a history of bad employee related policies, but that's a topic for another day.~~ +What if we implemented modern fiscal policy during the depression of the 1930s ? + +would there have been more food and housing to go around if the US government had a "paycheck protection program" and other stimulus programs? +This happened a few weeks before Christmas, so apologies if it’s old news to you because it seems to have been done quietly. + +The Federal Government has shelved its *Currency (Restrictions on the Use of Cash) Bill*, which in the name of security and governmental visibility (read: tax, though they’ll pretend it’s more about terrorism) would have created new restrictions on our ability to spend our own money (including criminalising the use of cash to buy something, like a car, for more than $10,000). + +As you can probably tell, I welcome the withdrawal of the Bill. Rights, however small, once handed to a government are seldom peacefully returned. + +https://www.lexology.com/library/detail.aspx?g=6dbfe72a-40d7-4dd1-a931-414744795c10 +Okay of course no one can answer that decisively, but I'm interested in various opinions and a discussion. I have read some reports stating that multimillionaires from Asia massively buy property in central London and leave the flats empty on purpose, in order to increase the property's value by reducing the supply of flats. I was wondering if the same could be happening in the rest of central Europe eg. in Germany where the rents are skyrocketing in cities like Munich Stuttgart Frankfurt over the past years... +If this is true and the people owning this property decide to sell and leave from the X country with their profits, the supply would suddenly increase and the "bubble" would break, damaging all other people who had invested in the same real estate market buying in artificially much higher prices. + +On the other hand, there is the kind of similar example with the diamond market, where the prices are artificially so high because one company, De Beers, has pretty much a monopoly (in both mining and supplying) and controls the supply of diamonds in the market. However in that case, it doesn't look like it's a situation that will ever change, so I would hardly characterize that one as bubble. + +What is your opinion? Is my way of thinking reasonable or completely out of this world? +From what I know, they believe the value of their currency, USD for example, will be worthless, which makes sense. But how would gold or silver gold be more valuable as a currency in an apocalypse? +My wife and I have been on food stamps and Medicaid for over seven years. SNAP has been a lifesaver. It's not a perfect system, and there are hoops to jump through, but it has kept us fed when we would otherwise not have been able to feed ourselves. + +Then suddenly, last month, my wife needed major abdominal surgery to remove some tumors. We'd gone to the doctor a few times over the years, but we had never put our Medicaid coverage to the test. I have to say, the care she received was top drawer, the surgeon was amazing (the surgery was partially robotic!), and, best of all, we never saw a bill of any kind from the hospital and never made a single co-payment. + +So, to everyone who pays the taxes that make Medicaid possible, thank you! The next time you hem and haw about paying taxes because you imagine your money being wasted on unnecessary government spending, remember that there are ordinary folks out here who greatly benefit from those same dollars. +Is it true that, as John Green says, "Textbooks are somewhat impervious to the law of supply and demand."? + +https://www.youtube.com/watch?v=CneL0GoZ3tk + +"The actual consumers, students and sometimes teachers, often don't have a lot of choice when it comes to textbooks, which I think limits innovation, and also makes them artificially expensive." +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) +I drafted my resignation letter. Haven't sent it yet, am hesitant for a few reasons. But, I'm going to have to rip that band-aid off in the next few days if not hours. + + +I'm not necessarily retiring but am definitely taking some time off to enjoy life, reset, and work through some ideas. My head is just not in the cybersecurity game anymore and I loathe logging into work every morning. + + +I want to use this time off to sharpen and expand my skills while enjoying some new and old hobbies. And, I'm fat, drink too much, and exercise too little. So, that's something where I need to spend a lot of time improving. + + + +Stats after show: + +* Happily married to a brilliant woman + +* Have 4 kids ages 3-15 + +* 37yo, Navy veteran + +* Hit tech IPO lottery, teetering around 8 figures NW inclusive of home equity + +* In high cost of living area (Howard County, MD) + + + + + +I look forward to making you all breakfast. +Im a 27 yr old male who was accepted to an out of state dental school. This is the only school I was accepted to. Tuition alone is 420k, not including any other expenses. Having a hard time understanding if this is a good financial move. Do you guys think it’s still worth attending for this price tag? +**SUBX is a deflationary token** created to **help people** who wants to **start their own journey in entrepreneurship.** People who have heard of **SUBX** and understood what it entails have gave really positive comments about this token. It is no wonder why their community feels so safe about holding this token for the long term without having to worry at night. + +With the market bleeding right now, and the best interests of their token holders in mind, the team behind **SUBX** thought it’s only fair that they **show their appreciation to their token holders this way** + +&#x200B; + +To thank their diamond-handed believers 💪 💎 As of 31 May, they will be making the following changes: + +🎁 Reflection Rewards: 3% ➡️ 5% + +💰VC Fund: 1% ➡️ 3% + +📈Automatic LP Acquisition remains at 4% + +&#x200B; + +With these changes, SUBX can tide through these times and come out even stronger as they grow sustainably towards their first goal of a 10m market cap 📈 **A Little about SUBX and what they want to achieve in terms of utility.** SUBX will act as the governing token for this ecosystem where users who owns a certain amount of SUBX can access the below mentioned apps for free. + +**Marketplace App:** Buy heavily discounted software for your business. **Community App:** Earn SUBX by being active in their community and contributing to related discussions. **Learning App:** Access to their online learning and teaching platform. **Career App:** A job portal application where startups can find great talents and for talents to join impactful startups.The team did their **7th LIVE AMA** last weekend, interested parties can check out the recording on their YouTube Channel or join their telegram chat and ask for the link. + +Buy on Pancakeswap: https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x5232152c8207653AEda5baa0ff7fb1046c23C753 + +Contract Address: 0x5232152c8207653aeda5baa0ff7fb1046c23c753 + +Telegram: https://t.me/subxofficial + +SUBX Website: [https://startupboost.app/](https://startupboost.app/) + +Twitter: [https://twitter.com/officialsubx](https://twitter.com/officialsubx) +[https://www.dtcc.com/-/media/Files/pdf/2021/5/4/B15129-21.pdf](https://www.dtcc.com/-/media/Files/pdf/2021/5/4/B15129-21.pdf) + +DTCC is imposing a 100% haircut for MBS bonds "Not Rated or Rated below Aa2/AA" + +What does this mean? + +What is a "haircut"? + +Source: [http://www.columbia.edu/\~td2332/Paper\_Repo.pdf](http://www.columbia.edu/~td2332/Paper_Repo.pdf) + +" The recent financial crisis centered on the sale and repurchase (“repo”) market, a very large short-term collateralized debt market. Repo transactions often involve overcollateralization. The extent of overcollateralization is known as a “haircut.” Why do haircuts exist? And what determine the size of the haircut? We show that the existence of haircuts is due to sequential trade in which parties may default and intermediate lenders face liquidity needs. When there is a positive probability that the borrower will default, then the lender’s liquidity needs and own default risk in a subsequent transaction to sell the collateral become paramount. The haircut size depends on (i) the default probabilities of the borrower, (ii) the liquidity needs of the lender, (iii) the default probability of the lender in a subsequent repo transaction and (iv) the nature of the collateral " + +&amp;#x200B; + +What is a "MBS" or "CMBS?" + +Source: [https://www.investopedia.com/terms/c/cmbs.asp](https://www.investopedia.com/terms/c/cmbs.asp) + +" Commercial mortgage-backed securities (CMBS) are fixed-income investment products that are backed by mortgages on commercial properties rather than residential real estate. CMBS can provide liquidity to real estate investors and commercial lenders alike. " + +Why are these important? + +Required watch for all investors: + +[https://www.youtube.com/watch?v=x2xIgseFCpc&amp;start=41s](https://www.youtube.com/watch?v=x2xIgseFCpc&amp;start=41s) + +So, what are the implications behind a 100% haircut. Well, this essentially makes all MBS /CMBS bonds that are "Not Rated or Rated below Aa2/AA" worthless as collateral. Why is this important? Because in the Repo Market ([https://www.brookings.edu/blog/up-front/2020/01/28/what-is-the-repo-market-and-why-does-it-matter/](https://www.brookings.edu/blog/up-front/2020/01/28/what-is-the-repo-market-and-why-does-it-matter/)) collateral is king. + +The repo market is the glue that holds our global economy together, and it's fueled by bonds. In laymans, Repo Markets are where big banks go for 24hr loans. These 24hr loans mean they don't need cash on hand, and can utilize it in the market. These markets are integral to ensuring our global economy runs smoothly. If the repo markets go under, we get 2008 all over again. + + +Edit: +Let me add this example from the knvesropedia article, familiar? + +“Long-Term Capital Management's (LTCM) Failure and Collateral Haircuts Example +LTCM was a hedge fund started in 1993. By 1998 it had amassed massive losses, nearly resulting in a collapse of the financial system. The basis of LTCM's profit model, which worked very well for a while, was to suck up small profits from market inefficiencies. This is commonly called arbitrage. The firm used historical models to highlight opportunities and then deployed capital to profit from them. + +Each opportunity typically only produced a small amount of profit, so the firm utilized leverage—or borrowed money—in order to increase the gains. The firm had $5 billion in assets, yet controlled over $1 trillion worth of positions. + +Banks and other institutions allowed LTCM to borrow or leverage so much, with little collateral, mainly because they viewed the firm and their positions as non-risky. Ultimately, though, the firm's model failed to predict inefficiencies accurately, and those massively sized positions began to lose far more money than the firm actually had...and more money than many of the banks and institutions that lent to them or allow them to purchase assets had. + +The failure of LTCM, which required a bailout of the financial system, resulted in much higher haircut rules in terms of what can be posted as collateral, and how much the haircut has to be. LTCM had basically no haircuts, yet today an average investor buying regular stocks is subject to a 50% haircut when using those stocks as collateral against the amount borrowed on a margin trading account. +So, let's start tying some of this together.” + + + +What we know: + +1. DTCC is making all bonds below a Aa2/AA rating worthless in MBS repo markets, they're also devaluing AAA/Aa2/AA by 7%. +2. The DTCC will only do this if they fear foreclosure, or high risk in an asset. In this case Mortgage Backed Securities and Commercial Mortgage Backed Securities. + +&amp;#x200B; + +Cool, now what has happened, literally tonight? + +[https://www.dtcc.com/-/media/Files/pdf/2021/5/4/MBS981-21.pdf](https://www.dtcc.com/-/media/Files/pdf/2021/5/4/MBS981-21.pdf) + +BoFA just shutdown one of it's MBS clearing companies. + +Both of these announcements on 5/4. + +If I'm understanding this correctly heads are rolling. Be safe tomorrow apes, we're in the endgame. + + + + + +Edit: Let's get deeper. + +This literally effects ALL bonds, AND securities! Meaning + +https://preview.redd.it/zeaw7mjl69x61.png?width=537&amp;format=png&amp;auto=webp&amp;s=b4ef561cb0cad7042bdefe5340063058a80ebb46 + +If you're on this list and your bonds don't meet the requirements, you're fucked. + +Who's fucked?: + +&amp;#x200B; + +[For reference:](https://preview.redd.it/ole1xsic79x61.png?width=1153&amp;format=png&amp;auto=webp&amp;s=31903099f1b5dec67b410621ae08f40cd46a281a) + +Fucked: + +Citadel: [https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/moody-s-affirms-citadel-securities-changes-outlook-to-positive-from-stable-60446734](https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/moody-s-affirms-citadel-securities-changes-outlook-to-positive-from-stable-60446734) + +Jp Morgan: [https://www.jpmorganchase.com/ir/fixed-income](https://www.jpmorganchase.com/ir/fixed-income) + +Bofa 80% fucked: [https://investor.bankofamerica.com/fixed-income/credit-ratings](https://investor.bankofamerica.com/fixed-income/credit-ratings) + +UBS AG Stamford: [https://cbonds.com/company/34937/](https://cbonds.com/company/34937/) + +Credit Suisse: [https://www.credit-suisse.com/about-us/en/investor-relations/debt-investors/ratings-credit-reports.html](https://www.credit-suisse.com/about-us/en/investor-relations/debt-investors/ratings-credit-reports.html) + +Goldman Sachs:[https://www.moodys.com/research/Moodys-assigns-provisional-ratings-to-Prime-RMBS-issued-by-GS--PR\_432499](https://www.moodys.com/research/Moodys-assigns-provisional-ratings-to-Prime-RMBS-issued-by-GS--PR_432499) + +I can keep going on, but literally everyone on that list.... is fucked. + +Shoutout u/open_significance_43 for the assistance on this post in the r/truestock discord! + +As measurement of expectations is key, I'm going to add some very insightful comments that may disprove/alter this theory! Shoutout to these brave soldiers for sharing counter DD! &lt;3 + +[https://www.reddit.com/r/Superstonk/comments/n59n8x/the\_end\_has\_begun\_important\_info\_inside/gx04yog?utm\_source=share&amp;utm\_medium=web2x&amp;context=3](https://www.reddit.com/r/Superstonk/comments/n59n8x/the_end_has_begun_important_info_inside/gx04yog?utm_source=share&amp;utm_medium=web2x&amp;context=3) + +[https://www.reddit.com/r/Superstonk/comments/n59n8x/the\_end\_has\_begun\_important\_info\_inside/gx059wr?utm\_source=share&amp;utm\_medium=web2x&amp;context=3](https://www.reddit.com/r/Superstonk/comments/n59n8x/the_end_has_begun_important_info_inside/gx059wr?utm_source=share&amp;utm_medium=web2x&amp;context=3) + + +This looks to have happened before, that being said the relation to BOFA was not there at the time. Per my understanding, BOFA shutting these two wings down means they're getting out of the MBS/CMBS game. + + + +Someone agrees. + +[https://www.reddit.com/r/GME/comments/n50im1/need\_a\_wrinkle\_brain\_to\_review/gwyw8pt?utm\_source=share&amp;utm\_medium=web2x&amp;context=3](https://www.reddit.com/r/GME/comments/n50im1/need_a_wrinkle_brain_to_review/gwyw8pt?utm_source=share&amp;utm_medium=web2x&amp;context=3) + +&amp;#x200B; + +&amp;#x200B; + +Final Edit 5/5: + +Just got off the phone with the DTC's risk department to see if they could provide any additional insight. Here's some takeaways. + +Calvin was kind enough to let me know a couple of things. One, this hasn't been done before February. This is a new line of credit that was just established post rona. This was because of something called Reg W (https://www.investopedia.com/terms/r/regulation-w.asp#:~:text=Regulation%20W%20is%20a%20U.S.,requires%20collateral%20for%20certain%20transactions.) + +The list of lenders is updated manually and applications start in early May, hence the update. Two lenders fell off the list this go around so they sent an updated list and re-published it. + +From the sound of it, there were some issues with Reg W compliance and some of the lenders had to drop off. + + +---------------------------------------------------------------------------------- + +So what do we know now, and has my theory altered? + +I believe my timeline has altered, unbeknownst to me this program is for the following: + +"How Regulation W Works +Regulation W was published in 2003, to consolidate rulemaking under Sections 23A and 23B of the Federal Reserve Act. Its main purposes were to protect banks from financial risk resulting from transactions with their affiliates and to limit the banks' ability to use the U.S. deposit insurance system to cover their losses from such transactions." + +and + +https://www.federalreserve.gov/aboutthefed/section23a.htm (Very long read) + + +Alrighty, final theory. + +Event#1: + +Michael Burry dropping hints + +https://www.reddit.com/r/brkb/comments/mh4nkb/michael_burrys_new_twitter_profile_banner_hinting/ + +After researching, from what I can tell, our hero was back at it again blowing the whistle this time to the public via code. In the post above, it shows his final twitter header before deleting his twitter. The one previous to that, was simply a picture of bricks and mortar. My assumption is he was alluding to the CMBS fraud that got whistle blown about last year. + +Event #2: + +Okay so, last year a whistleblower goes the the SEC and says "Hey! They fraudin again!" +https://www.sec.gov/news/press-release/2021-62 + +Event #3: + +SEC starts looking into it, sees the fraud, and calls the DTCCs. Once they investigate and collaborate they start rolling out changes late December. Hence the bond ratings changing overnight. + +More whistleblowers come out as they realize the music is ending and they'll make more than they would've bonused. + +Event#4: + +TBD + + +That's all I got for now folks, seems to be huge news even though it did occur already. I think we may be seeing the effects of this play out over the rest of this year so keep your nose to the ground. + + + + + + +**Disclaimer** + +**I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.** + +**All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.** + +**I will not and cannot be held liable for any actions you take as a result of anything you read here.** + +**Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise.** +Hey everyone, + +this is the third time I have had to repost this because....moderators. + +Anyways, lets try this again. + +I have created a trading bot that takes advantage of the Thinkorswim scanners and alerts system. + +If you are like me, I like the ease of use and power of developing strategies with Thinkorswim. + +Unfortunately, there is no direct way through TDAmeritrade's API to check for stocks that may meet a strategies entry or exit criteria, atleast a way thats effective. + +That being said, I have developed a way to use the TOS alerts to algotrade. + +Here's how it works (in a nutshell): + +1. I create strategies in Thinkorswim using thinkscript. +2. I then create scanners for those strategies. +3. I then set alerts for the scanners. +4. If symbol populates inside scanner list, an email is sent to a specific, non-primary gmail address. +5. Then, my trading bot, which is continuously scraping the gmail account, finds the alert, picks apart the needed data, and trades accordingly. + +Here are the links to my Github to make the moderators happy: + +[https://github.com/TreyThomas93/python-trading-bot-with-thinkorswim](https://github.com/TreyThomas93/python-trading-bot-with-thinkorswim) + +[https://github.com/TreyThomas93/python-trading-bot-with-thinkorswim](https://github.com/TreyThomas93/python-trading-bot-with-thinkorswim) + +[https://github.com/TreyThomas93/python-trading-bot-with-thinkorswim](https://github.com/TreyThomas93/python-trading-bot-with-thinkorswim) + +[https://github.com/TreyThomas93/python-trading-bot-with-thinkorswim](https://github.com/TreyThomas93/python-trading-bot-with-thinkorswim) + +I've been using this program since last October, and without giving details, I can vouch that it works and is profitable. That being said, this program is only as good as the strategies you create. Results may vary. I am not liable for any profits or losses, and algotrading is very risky, so use it at your own risk. + +There are almost 1500 lines of Python code, and it's to complex to post here. Therefore, visit my [repo](https://github.com/TreyThomas93/python-trading-bot-with-thinkorswim) for a very elaborate and detailed explanation on the ins and outs of this program. You most likely will have questions, even after reading the README, but I am more than willing to answer any questions you have. Just contact me via Reddit, Github, or email. + +Thanks, Trey +Mid-30s, male, formerly in tech who has been on a sabbatical for 5 years. My Nw hovers around 10M & spend about 70-80k a year. + +I traveled the world, did the digital nomad lifestyle before the pandemic, and I’m now quite bored and stressed out. + +I feel like I’m wasting my time and life by taking it too leisurely so soon. I need new excitement and terrors (or just general zest or feel for life) but trading and this comfortable means has given me a case of hilarious brainworms where I don’t feel inclined to work for someone for cheap) I’m finding myself quite unhappy and think I can and should be doing more + +Those who have experienced the same ennui & malaise of sabbatical or retirement, how did your get your groove back? I’ve been looking at therapy but frankly I’ve not had the best luck with ones off psychology today listings. + +Granted, my location in the South doesn’t lend to great choices but I desperately need to claw out of this funk. I feel like I’m daydreaming/sleepwalking through life + +------------------------------------ +EDIT + +Yes, I've given thought to purpose a lot: starting a family, and continually getting in better shape (I've been in competitive shape all my life and pursued that fully in the past 5 years. it was great but it's not enough- I am in the process of building a tribe) + +I don't want YOUR life advice. You don't know me, what I've done or what work I'm putting in daily. You're also likely unqualified. I would very much like to hear how you got it back together or how you found appropriate professional resources. + +Please do not dm about how I got here. We can do that elsewhere +**I am getting increasingly worried about the amount of warning signals that are flashing red for hyperinflation- I believe the process has already begun, as I will lay out in this paper. The first stages of hyperinflation begin slowly, and as this is an exponential process, most people will not grasp the true extent of it until it is too late.** I know I’m going to gloss over a lot of stuff going over this, sorry about this but I need to fit it all into four posts without giving everyone a 400 page treatise on macro-economics to read. Counter-DDs and opinions welcome. This is going to be a lot longer than a normal DD, but I promise the pay-off is worth it, knowing the history is key to understanding where we are today. + +**SERIES (Parts 1-4) TL/DR: We are at the end of a MASSIVE debt supercycle. This 80-100 year pattern** ***always*** **ends in one of two scenarios- default/restructuring (deflation a la Great Depression) or inflation (hyperinflation in severe cases (a la Weimar Republic). The United States has been abusing it’s privilege as the World Reserve Currency holder to enforce its political and economic hegemony onto the Third World, specifically by creating massive artificial demand for treasuries/US Dollars, allowing the US to borrow extraordinary amounts of money at extremely low rates for decades, creating a** [**Sword of Damocles**](https://idioms.thefreedictionary.com/a+sword+of+Damocles+hangs+over+head) **that hangs over the global financial system.** + +**The massive debt loads have been transferred worldwide, and sovereigns are starting to call our bluff. Governments papered over the 2008 financial crisis with debt, but never fixed the underlying issues, ensuring that the crisis would return, but with greater ferocity next time. Systemic risk (from derivatives) within the US financial system has built up to the point that collapse is all but inevitable, and the Federal Reserve has demonstrated it will do whatever it takes to defend legacy finance (banks, broker/dealers, etc) and government solvency, even at the expense of everything else (The US Dollar).** + +# I’ll break this down into four parts. ALL of this is interconnected, so please read these in order: + +# [Part One: The Global Monetary System- “A New Rome” < ](https://www.reddit.com/r/Superstonk/comments/o4vzau/hyperinflation_is_coming_the_dollar_endgame_part/) + +# [Part Two: Derivatives, Systemic Risk, & Nitroglycerin- “The Ouroboros” < ](https://www.reddit.com/r/Superstonk/comments/o727oc/the_dollar_endgame_part_2_the_ouroboros/) + +# Part Three: Banks, Debt Cycles & Avalanches- “The Money Machine” < (YOU ARE HERE) + +# [Part Four: Financial Gravity & the Fed’s Dilemma- “At World’s End” <](https://www.reddit.com/r/Superstonk/comments/png8nu/hyperinflation_is_coming_the_dollar_endgame_part/) + +**(side note: Part 2 \*mysteriously\* disappeared TWICE and thus got low visibility -- if you missed it please go back and read before continuing!)** + +&#x200B; + +# Preface: + +[Fractional Reserve Banking:](https://www.investopedia.com/terms/f/fractionalreservebanking.asp) Fractional reserve banking is a system in which only a fraction of [bank deposits](https://www.investopedia.com/terms/b/bank-deposits.asp) are backed by actual cash on hand and available for withdrawal. This is done to theoretically expand the economy by freeing capital for lending. + +[Debt/Credit Cycles: ](https://www.investopedia.com/terms/c/credit-cycle.asp) A credit cycle describes the phases of access to credit by borrowers. Credit cycles first go through periods in which funds are relatively easy to borrow; these periods are characterized by lower interest rates, lowered lending requirements, and an increase in the amount of available credit, which stimulates a general expansion of economic activity. These periods are followed by a [contraction](https://www.investopedia.com/terms/c/contraction.asp) in the availability of funds. + +[Quantitative Easing (QE)](https://www.investopedia.com/terms/q/quantitative-easing.asp): Quantitative easing (QE) is a form of unconventional [monetary policy](https://www.investopedia.com/terms/m/monetarypolicy.asp) in which a central bank purchases longer-term [securities](https://www.investopedia.com/terms/s/security.asp) from the open market in order to increase the money supply and encourage lending and investment. Buying these securities adds new money to the economy, and also serves to lower interest rates by bidding up fixed-income securities. It also expands the central bank's balance sheet. + +[Quantitative Tightening (QT):](https://www.investopedia.com/terms/t/tightmonetarypolicy.asp) This is the inverse of QE- The central bank tightens policy by raising short-term interest rates. Boosting interest rates increases the cost of borrowing and effectively reduces its attractiveness. Tight monetary policy can be implemented via selling assets on the central bank's balance sheet to the market through [open market operations](https://www.investopedia.com/terms/o/openmarketoperations.asp) (OMO). + +[Bank Reserves: ](https://www.investopedia.com/terms/b/bank-reserve.asp)Bank reserves are the cash minimums that financial institutions must have on hand in order to meet [central bank](https://www.investopedia.com/terms/c/centralbank.asp) requirements. This is real 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. + +&#x200B; + +# Prologue: + +&#x200B; + +[The Impossible Object](https://preview.redd.it/4f6leb97u7a71.png?width=621&format=png&auto=webp&s=1510c2e35a7ddb551b91f773b534454eb04f0862) + +“The global financial markets walk on the razor’s edge between empiricism and what you see is not what you think. The Impossible Object in art is an illustration that highlights the limitations of human perception and is an appropriate construct for our modern capitalist dystopia\*\*. **The fundamental characteristic of the impossible object is uncertainty of perception. Is it feasible for a real waterfall to flow into itself; or a triangle to twist itself in both directions? Modern financial markets are a game of impossible objects.\*\*** + +In a world where global central banks manipulate the cost of risk, the mechanics of price discovery have disengaged from reality resulting in paradoxical expressions of value that should not exist according to efficient market theory. Fear and safety are now interchangeable in a speculative and high stakes game of perception. **What you see is not what exists, and what exists cannot be understood” - (**[**Artemis Capital**](https://artemiscm.docsend.com/view/74nw2t766wnvnuwj)**)** + +&#x200B; + +# Banking and Debt Cycles + +The modern banking system can trace its [origins to the early days of the Renaissance](https://www.jstor.org/stable/2589849), in Northern Italy. There, in affluent trading cities such as Florence, Venice, and Genoa, traders dealing solely in finance set up benches (called bancas in Italian- where the modern word bank comes from) financing voyages, engaging in arbitrage, and funding ship-building for merchants. + +[Banks of that period](https://www.cobdencentre.org/2016/10/a-history-of-fractional-reserve-banking-or-why-interest-rates-are-the-most-important-influence-on-stock-market-valuations-part-1/) dealt almost exclusively in gold and silver coins, and traded these coins freely for foreign coins stamped by a different King. They quickly realized that dealing in physical coins was costly, burdensome, and dangerous, as thieves would often rob money-laden wagons between towns. + +So, they came up with an innovative solution. Instead of handing over coins to their customers, they would ask that the customer place their gold or silver in the bank’s vault, which already stored the bank’s own money, and in return the bank would hand them a banknote, or a physical receipt of ownership of the gold. The customer could then take this note and pay for real goods or services someplace else instead of carrying the coins. + +&#x200B; + +[Early Venetian Banks](https://preview.redd.it/7m6dwadbu7a71.png?width=540&format=png&auto=webp&s=2ff1bce0f82affd05fb25afe13cd3905fc3d716d) + +[The banks quickly saw a loophole](https://www.mercatus.org/publications/monetary-policy/fractional-reserve-banking)\- no one was auditing their vaults, and comparing how much gold was there versus how many notes the bank had issued. The financiers immediately began to issue more notes than gold in the vault. **This system would work fine as long as every customer had confidence in their banknote and believed that the gold backing their coins was actually there.** + +**But, once the bank started facing financial troubles, and customers showed up to redeem their notes for gold, a bank run would immediately begin- with many clients ending up with worthless pieces of paper after the vaults were emptied.** Authorities created extreme punishments for bankers caught issuing more notes than gold in the vault - in some places in Medieval Italy, death penalties were enforced for bankers caught issuing too many notes- in others, life in prison was the punishment. + +Our modern financial system is based on the early Italian antecedents. Most people believe that when you deposit funds into the bank, the money stays in your account. **In reality, the funds you invest are immediately lent out, re-deposited, and lent out again. This is called** [**Fractional Reserve Banking**](https://www.investopedia.com/terms/f/fractionalreservebanking.asp#:~:text=Fractional%20reserve%20banking%20is%20a,by%20freeing%20capital%20for%20lending.)**. Thus, the “money” you see in your bank account is a lie. It isn’t really there.** + +Let's break down how this works. Say you earn $1000 from a recent paycheck. You go to your bank and deposit these funds. The next day, the bank takes $900 (90%) of the cash you deposited and loans it out, keeping 10% in reserve in case you come to withdraw some of it. + +This money is given to Person #1, who takes this loan and buys some paint for his house. The vendor who sold him the paint then takes the $900 received and deposits it in the bank. The bank then repeats the process, loaning out 90% of the money, or $810 to Person #3, who spends/invests it with Person #4, who deposits it again, and the process repeats. Here it is visualized: + +&#x200B; + +[Fractional Reserve Banking](https://preview.redd.it/mg5mvzdgu7a71.png?width=621&format=png&auto=webp&s=c4b38b5cc8349a22b39f6e038de906b4aeb0be11) + +All along the way, the bank is able to take the same dollar bills and re-loan it out through multiple transactions (a la rehypothecation), and charge interest on the loans it creates. **This is essentially a near- infinite money glitch in the system, and allows banks to make exorbitant profits,** like [JP Morgan making over $12B in Q4 2020 alone](https://www.jpmorganchase.com/content/dam/jpmc/jpmorgan-chase-and-co/investor-relations/documents/quarterly-earnings/2020/4th-quarter/276305ed-730d-4acc-887c-1671d6c39e53.pdf). **However, this process also serves to GREATLY increase systemic risk- in the example above, one single $1000 transaction is turned into what APPEARS as $3,439 in bank accounts, but is actually just credit, re-deposited and re-borrowed over and over again.** + +[Here’s another way to visualize it](https://capturethemind.wordpress.com/2015/07/18/fractional-reserve-banking-one-of-the-biggest-frauds-of-man-kind/): + +&#x200B; + +[Money Rehypothecation](https://preview.redd.it/vbzys1iju7a71.png?width=616&format=png&auto=webp&s=6f9031fd218bb645ec619fbb3442588d8e06338b) + +Typically, the majority of a banks’ capital provided to businesses will be business loans, lines of credit, or venture financing. These business loans will be put to work to expand factories, build new products, hire workers, or create intellectual property- generally things that expand economic growth. + +&#x200B; + +[Most of the money exists as debt](https://preview.redd.it/ogqr9ubnu7a71.png?width=618&format=png&auto=webp&s=61c1dfb9e988f1ac18da86c367f1fb4906f7757e) + +This effectively means that the vast majority of what we “think” of as money,[ is not cash, but credit.](https://getmoneyrich.com/economy-and-short-term-debt-cycles/) Most funds in the system, thus, exist in the form of debt. + +Another effect of Fractional Reserve banking is a **supercharging** of the debt cycle. Because banks are allowed to loan and re-loan cash that is deposited, banks are able to create massive amounts of credit, helping to boost economic growth in the boom stage, and worsen economic decline in a bust. + +The Debt Cycle is a economic phenomenon that has been observed for centuries- [in ancient Israel,](https://digitalcommons.csbsju.edu/cgi/viewcontent.cgi?article=1033&context=obsculta) for example, the state enforced a debt “jubilee” every fifty years (a long human lifespan) to dissolve all debts, release people from bondage, and restore ancestral lands to the descendants. + +There are two main cycles- the long term “super” cycle, which lasts between 50-80 years (longer in countries with higher life expectancy, so most developed countries this is 80 years) and the short term “normal” cycle, which occurs every 8-10 years or so. + +&#x200B; + +[Debt Cycles](https://preview.redd.it/hz3efxltu7a71.png?width=554&format=png&auto=webp&s=31d2c3fb4c8c6e22b563723847267feed31ed448) + +The credit cycle undergoes both expansionary and contractionary phases. Let’s take a look at the four phases of a typical [credit cycle](https://www.investopedia.com/terms/c/credit-cycle.asp). + +**Expansion:** Under strong economic conditions, corporate cash flows improve due to strong consumer confidence and the increase in financial institutions’ lending efforts. Easier access to capital markets fosters an ideal environment for business growth and increase in financial leverage for enterprises. + +**Downturn:** The credit cycle downturn is typically due to an economic slowdown or potential recession, which leads to tighter credit standards. Since the credit downturn is often preceded by peak business expansion and high financial leverage, the slow business growth and low earnings experienced by businesses could lead to potential defaults. + +**Repair:** The credit cycle downturn is followed by the repair phase, which simply indicates the emergence from the economic downturn. Here, companies start to focus on strengthening their balance sheets by cutting costs and reducing financial leverage. + +**Recovery:** In the recovery phase, confidence levels start to improve as corporate balance sheets begin to look better with relatively low financial leverage. Financial institutions also tend to start loosening their lending standards. + +Let’s look at the US as an example. As you can [see below](https://blogs.cfainstitute.org/investor/2019/08/05/edward-altman-where-are-we-in-the-credit-cycle/), as we continue through the expansion phase of the credit cycle, companies borrow more debt to invest in new products or services. Once a recession hits, many of these businesses are forced to de-lever (pay back debts) and those which aren’t able to de-lever, go into bankruptcy. (notice we are LONG overdue for a recession and bankruptcy spike) + +&#x200B; + +[Bankruptcy Cycles](https://preview.redd.it/bszlb98wu7a71.png?width=609&format=png&auto=webp&s=9fe0f78c85e4a5d0cb4311e9c7ce273069acbab2) + +&#x200B; + +# The Great Depression + +The last debt supercycle began [cresting in the 1930s](https://www.lynalden.com/great-depression/). The US appeared to be poised for economic recovery following the stock market crash of 1929, until a series of bank panics in the [fall of 1930 turned the recovery into the beginning of the Great Depression](https://www.econlib.org/library/Enc/GreatDepression.html). + +&#x200B; + +https://preview.redd.it/gffgb6yyu7a71.png?width=618&format=png&auto=webp&s=6a201c6ee8008617e8d6f0c2056bba4df5bbbb39 + +When the crisis began, over 8,000 commercial banks belonged to the [Federal Reserve System](https://www.federalreserveeducation.org/about-the-fed/structure-and-functions), but nearly 16,000 did not. Those nonmember banks operated in an environment similar to that which existed before the Federal Reserve was established in 1914. That environment harbored the causes of banking crises. + +One cause was the practice of counting checks in the process of collection as part of banks’ cash reserves. These ‘floating’ checks were counted in the reserves of two banks, the one in which the check was deposited and the one on which the check was drawn. In reality, however, the cash resided in only one bank. + +Bankers at the time referred to the reserves composed of float as fictitious reserves (again, rehypothecation anyone?). The quantity of fictitious reserves rose throughout the 1920s and peaked just before the financial crisis in 1930. **This meant that the banking system as a whole had fewer cash (or real) reserves available in emergencies.** + +[Bank Run \(Suspension of Accts\)](https://preview.redd.it/0zn082jfv7a71.png?width=621&format=png&auto=webp&s=93feba293b300dcc2878e402144b9647b67a13cd) + +**Another issue was the inability to mobilize bank reserves in times of crisis.** Nonmember banks kept a portion of their reserves as cash in their vaults and the bulk of their reserves as deposits in “correspondent banks” in designated cities. Many, but not all, of the ultimate correspondents belonged to the Federal Reserve System. + +This reserve pyramid limited country banks’ access to reserves during times of crisis. When a bank needed cash, because its customers were panicking and withdrawing funds en masse, the **bank had to turn to its correspondent, which might be faced with requests from many banks simultaneously or might be beset by depositor runs itself.** + +[Bank Suspensions](https://preview.redd.it/dca38vzkv7a71.png?width=639&format=png&auto=webp&s=9f3a808d29d1da1fe48a6c7adb37a5617a94c768) + +On November 7, 1930, one of Caldwell’s (a large financial conglomerate that lost millions in stock market speculation) principal subsidiaries, the Bank of Tennessee (Nashville) closed its doors. On November 12 and 17, Caldwell affiliates in Knoxville, Tennessee, and Louisville, Kentucky, also failed. + +The failures of these institutions triggered a correspondent bank cascade that forced scores of commercial banks to suspend operations. In communities where these banks closed, depositors panicked and withdrew funds en masse from other banks. **Panic spread from town to town. Within a few weeks, hundreds of banks suspended operations. About one-third of these organizations reopened within a few months, but the majority were liquidated** ([Source](https://www.federalreservehistory.org/essays/banking-panics-1930-31)). Businesses that relied on loan financing started to collapse, and unemployment started to climb. + +[Soup Line](https://preview.redd.it/nc8mr0yov7a71.png?width=621&format=png&auto=webp&s=067a8cf9a4450b0f83516349305423f0a8a4b77a) + +What followed was a protracted period of bank runs and panics lasting for years. Contrary to common belief, not all bank runs happened at the same time- some banks experienced one or two runs- others more than that. **The Great Depression was a series of panics, rather, that culminated in a near-complete collapse of the banking system and a ban on gold as legal tender by FDR in** [**Executive Order 6102**](https://en.wikipedia.org/wiki/Executive_Order_6102)**.** + +In the wake of the crisis, several key financial reforms were made. Among them were the creation of FDIC ([Federal Deposit Insurance Corporation](https://www.investopedia.com/terms/f/fdic.asp)) which was created in 1933 to “insure” bank deposits with government funds. This, it was hypothesized, would stop bank runs and restore confidence in the system. Another reform was the creation of the [Glass- Steagall Act](https://www.federalreservehistory.org/essays/glass-steagall-act), a key legal provision that forced commercial and investment banks to remain separate entities. + +[Signing of Glass-Steagall](https://preview.redd.it/9vjwadgrv7a71.png?width=539&format=png&auto=webp&s=6ae445fd88ae1b67eb88ccbff5f778324a6ae1c5) + +**However, both of these in time would serve to further increase risk, not reduce it.** The FDIC, for example, insured $100k (later updated to $250K during 2008) of bank deposits. This was supposedly done for the benefit of the client, but many overlook that it also greatly benefited the bank. When you deposit cash into a bank, it is an asset to you- but to the bank, this is a liability- it represents a cash amount that they will have to pay out to you upon your request. **By insuring the deposit, the bank gets essentially free insurance on their liabilities, which allows them to justify taking more leverage.** + +**Glass- Steagall’s separation of banks was an amazing step at reforming the system- sadly, it was** [**repealed in 1999**](https://en.wikipedia.org/wiki/Aftermath_of_the_repeal_of_the_Glass%E2%80%93Steagall_Act) **by Bill Clinton under the** [**Gramm–Leach–Bliley Act**](https://en.wikipedia.org/wiki/Gramm%E2%80%93Leach%E2%80%93Bliley_Act) **(GLBA).** Commercial banks are where you deposit funds, get mortgages, small business loans, and personal lines of credit- Investment banks are firms that underwrite financial transactions, create derivatives, and speculate in the market. + +**By combining the two, banks are essentially allowed to bet with depositors’ money- and if they fail, they can rightly justify to regulators that their collapse would end in financial calamity for millions of working-class depositors who would lose everything since their accounts would be suspended. Thus, they become “Too Big to Fail” and receive Federal Govt bailouts, no matter how reckless they have been.** + +&#x200B; + +([I had to break this post up into two parts due to image/character limits, see second half HERE](https://www.reddit.com/r/Superstonk/comments/oh0m2s/hyperinflation_is_coming_the_dollar_endgame_part/)) + +&#x200B; + +**(Side note: I’ve been accused of being a shill/FUD spreader for the first two posts- please know this is NOT my intention! I cleared this series with Mods, (**[**PROOF**](https://drive.google.com/file/d/1HlM0vR0Mguo83k6KKKQg5HKyCZaLrOHQ/view?usp=sharing)**) (THIS IS A GOOGLE DRIVE LINK, I WASNT SURE HOW ELSE TO SHARE IT) but if you think this is FUD/SHILLY then downvote/comment and we can discuss further.)** + +Also, inflation is GOOD FOR GME> EQUITY PRICES GO UP, SHORTS MUST COVER!! +35$ per melon? Absolute insanity. I live off those, its one of the few fruits I like (coz I don't drink enough water). Went to the market the other day to buy a small amount of fruit, cost me $20 for a MODEST amount (3 peaches, 2 mangoes and a 1/4 of watermelon). I expect the mangos to be pricy but not my beautiful blushing lady (watermelon). And now AI is gonna take over our jobs, literally worst month I've had +I’m not sure if this is the right sub. + +I’m 23 and I think I’m doing everything right I have a full time job, have an emergency fund, save $$, have a healthy investment portfolio, and go to therapy for the high cost of shitty homes in Sydney while waiting for global warming to end the world. + +It seems that this isn’t enough. People my age who are successful do all that AND go to uni for their second degree/masters, work full time at some startup and have a side hustle. All the while creating digital content and developing their social currency which brings in paid deals with brands and affiliate marketing etc. They somehow also have a social life! I feel like it’s expected almost to have a side hustle so I bought a coding course to eventually freelance or transition into tech. Like I even see some tiktoks of people working ALL DAY?! What happened to relaxation? Enjoying peace and quiet? If I don’t do all this am I lazy, unproductive, unsuccessful? + +I don’t mind an (above) average lifestyle but the housing crisis, inflation, stagnated wage growth makes it impossible for a financially responsible person like me to feel secure. Can anyone relate? What do you do to work on this? What else am I supposed to do? + +UPDATE: thank you everyone for your insightful and kind words. Didn’t expect to get this many responses so sorry if I didn’t reply to all. I don’t have many friends or adults in my life I can rely or trust so I appreciate having the mom and pop advice. You’re right, life is more than money and I should enjoy it while I’m young without worrying about social media appearances as it mostly fake. I honestly don’t want to extend myself and start a business I’m not interested! I don’t care! I don’t even care what my job is as long as it pays decently and they have a good culture. I want a slow paced life, where I can learn to be at peace w myself. My financial insecurity is a trauma response from a young age so I’ve sacrificed my teens and early twenties, I don’t know how to live or feel alive so it’s something I working on w my therapist which I could recently afford to see. Seems like money is a way for me to control my life and feel “safe” so when I see these more “successful ppl” I feel unsafe because by not “working hard” like them I’m jeopardising my future and safety. +This is a friendly reminder to everyone who is new to the market. The ~28% return we seen last year for the S&P is not normal, the market has been overinflated and this is a healthy pullback that is normal. If you bought X/VEQT or TEC and the recent swings have you nervous and losing sleep, maybe you should reallocate your funds when the market jumps back. Investing should not be stressful, or nerve wracking. The point of these funds is to set and forget it, if you can’t do that, you should find another fund with less volatility that helps you sleep at night. + +Don’t sell, continue to invest, and don’t panic. In 5-10 years you won’t even remember this pullback. +Example given: + +1) + +Scenario: The government invested in car industry and the national GDP growth increased 10% more than last year. + +Thesis: the national GDP grew up because of the government investment in car industry + +Question: if the government did not invest, wouldn't the GDP grew up the same or even more? + +Or 2) the opposite + +Scenario: the government did not invest in anything special and the national GDP growth increased 10% more than last year. + +Thesis: the national GDP grew because of the abscence of government intervention + +Question: if the government invested, wouldn't the GDP grew up the same or even more? + +__________ + +We can empircally prove that the GDP growth of one country was higher than the GDP growth of another country, because both actually happened, the comparation can easily have an empirical end-to-end approach. + +In 1) and 2) we only have what actually happened, but as far as I know, we can't empirically interact with something that did not happen. So, the question again: **how can an economist empirically prove that a real scenario was better or worse than a hypothetical scenario?** +Personal Finance is Personal. FIRE is even more so: It's personal finance multiplied, magnified, extended. + +As someone who's been on this sub for nearly a decade, it's suddenly started to feel mean. + +After seeing someone just delete a long, informative, interesting post (***and*** their entire reddit account) in this subreddit, we need to talk about how petty and negative this sub has gotten. + +FIRE is inherently optimistic: It's the belief that you can make enough to cover significantly more than your expenses, then use that difference to get a return on investments to support the consumption of an entire family, forever. It pushes people to reach towards things that might be out of their grasp. There are all different levels of how conservative or risky people are, but when someone takes a different approach than you, that does *not mean* that they aren't also pursing FIRE in just as valid a way as you. + +The daily threads lately have had a lot of sniping in them; they're conversation threads and are there to specifically be for small things, easy things, even 'dumb' things. + +When someone posts about how they retired with a million dollars and $40k in expenses (The quintessential 4% rule, that may be too conservative for you, or may be too risky) there is rampant negativity across the board: It's not just disagreement about numbers or assumptions, it is a absolute disrespect for anyone living a different lifestyle. The number of people that have told me lately that I am living a broken, destitute life because my wife and I live - and thrive - on $30k a year is insane. + +If you're FatFIRE you saved too much and are a glutton. LeanFIRE and you'll live a miserable life. Have a sidegig and you failed at retirement, not have a side gig and you'll run out of money in no time flat. Got a windfall in any way and you shouldn't even post your story, have a difficult start and you're probably lying. FIRE in your 20's and it's way too early, in your late 50's and it's not even FIRE. Not have kids and you're missing life, have kids and you're a fool. 3.5% and you're working longer than you'll need to, 4% and you'll go broke. Don't pay off your house and you're a fool: pay off your house? Also a fool. + +This should be a place where any one of those things in the paragraph above should be an absolutely acceptable way to be or become FI. + +This isn't to say we can't disagree! I've posted a lot about my numbers, my assumptions, and why I would or wouldn't do what someone else is. I see a *lot* of people doing things I would never dream of. But we can't tear eachother down just because it's a path we wouldn't have taken. + +This sub is the only place a lot of us can talk about FIRE stuff, it needs to be a positive, accepting place. + +Edit: I didn't mean to give the impression that we shouldn't disagree. I honestly learn best through discussion and being proven wrong. Just that you don't need to belittle someone or be toxic in a disagreement. +I am a 23 year old pizza delivery driver currently saving up money to transfer to a 4 year college when the pandemic ends. Right now I have $13,000 in savings and by the time I go to college next fall I should have about 20,000. I have heard that if you put $100 a week into a 401(k) when you are 20-30 you’ll have $1 million more than if you wait until 30. The college I am going to is in a small town so I’m not certain I will be able to find work. My father has agreed to pay most of my tuition and housing cost but I need to pay living expenses. I’m tempted to start a Roth IRA but I feel I Might need the money for 4 years of college while I get a MD +Update [here](https://www.reddit.com/r/Superstonk/comments/nqucfo/ape_scrapbook_draft_proposalidea_outline_and/) ! + +I got my hardcopy GME Proxy Statement and 2020 Annual Report in the mail yesterday and was over joyed to have a little souvenir to remember the most spectacular event of my life by and made [this](https://www.reddit.com/r/Superstonk/comments/npfwzc/go_this_in_the_mail_today_as_a_pleasant_surprise/) post about how rad it would be to get you all to sign it like a high school yearbook. + +Then I got to thinking, what if we actually had one? Not to be published and sold for profit, it would be just for us. + +&#x200B; + +[\*Not cover - Just adding a picture!](https://preview.redd.it/4o5uzdrh0p271.png?width=408&format=png&auto=webp&s=54d64259ad4f38716a1b22de84b48764c707abec) + +I work in graphic design, book design, copy/content writing, was in YearBook club in high school, and have been working my own little MOASS scrapbook as we go and think I could really make us something beautiful we could all keep as a MOASSbook. + +I'll make it, take input of what should be included, have it printed +mailed, and we could use it as a way to make a large donation to do some good in the world from all of us. + +I was thinking we could add our most important memes, DD, timeline, awesome AMA guests (if they're willing), MOASS art (if artists would like to licence it for the book), and other things as suggested by Apes in our community...and then have pages where Apes could sign their username in the front and back covers like an actual yearbook!! We could maybe do a cover art vote like for our phenomenal banner too. I'd it now and it would be released following the MOASS so that's included too of course! + +Would you apes be interested in that? What do ya'll think? 📚 + +I am happy to verify identity and indicate that I am not a crook through the mods :) Sales would be done legally on a platform Apes will be able to trust. + +EDIT: + +/u/bobmahalo suggested creating an NFT and using that for charity $$$$ which I think is BRILLIANT and will make that happen!!! + +EDIT 2: + +Looks like there's demand. I'll start making a plan/outline, do some DD and be in touch soon for input for major things to include in it :) + +EDIT 3: + +I also want to clarify it wouldn't be a mass published book, more so just a fun and beautiful scrapbook for our community and our journey together. Just a memento :) Profit and personal gain is not the intended outcome and if i can pull this off as anonymously as possible, I'd love that. + +I am not the "author", the community is and I would just compile it in a rad way. +Don't have kids until you have a good paying job and at least a year's worth of expenses in cash savings. + +No matter how long it takes. + +(Please don't be offended by this. People often say this is eugenics or people targeting poor people etc, but the honest unbiased truth is that having children while struggling yourself almost always guarantees that not only you, but your child will continue to be poor. Instead focus your time, energy, and resources on building a secure and financially solid life for yourself) +"Although we have seen some exiting of positions throughout the year, the majority of short-sellers have been happy to sit on significant paper losses in the hope that retail investors will blink first and the losses won't be realized," said Peter Hillerberg, co-founder of financial analytics firm Ortex. + +"This now looks like a flawed strategy." + +[https://www.bloomberg.com/news/articles/2021-06-03/defiant-meme-stock-short-sellers-stare-down-4-5-billion-loss](https://www.bloomberg.com/news/articles/2021-06-03/defiant-meme-stock-short-sellers-stare-down-4-5-billion-loss) + +&#x200B; + +\*Edited to add Bloomberg source after Reuters changed the article. + +Also, thanks for my first awards! Can I buy crayons with these? +I’ve been reading about the Zillow sell-off, but I’m looking in areas where Zillow owns numerous listings and not seeing significant price cuts, sales at rumored losses. Any ideas? +So my mom moved back to her home country after my sisters and I went to college/grad school. She is a green card holder and comes once or twice a year to visit us. She has two US credit cards that she opened years ago that she's stopped paying the balance on. Both have gone into collections - one for $4500, the other for $1500. She uses my address as her US mailing address so I'm getting at least one letter a week from different collection agencies, sometimes with offers to settle, others vaguely threatening. Whenever I ask her if she is going to pay them off, she goes "yes yes, im working on it" and changes the subject. My question is, because they have my address on file, will I ever held liable for these debts? + +TL;DR - my mom has 6k in credit card debt that has gone to collections but lives in another country and has no plans to move back to the US. If they can't get her to pay will they come after me? + + +EDIT - +Just to be clear I am not a cosigner or authorized user on the cards. What was worrying me was that the only contact info they had for her was my address. I am aware that what she did was irresponsible af and have told her as much, but I can't exactly make her pay bc she's 7000 miles away. I just didn't want any fallout on me or my fiancee. +What are some of the lessor well known/unexpected benefits provided to executives at Fortune 50/100 companies? + +This may not directly be a FatFIRE question, but I feel like the people who’d best know the answer are on this forum. + +Some context: I’d describe myself as a HENRY on the FIRE path, current NW $1.2M. I’m an Executive Director in the Data Science/ML area, but not at a FAANG, or even in the tech industry. I’m in another industry, but work at a large multi-national company that you’ve all heard of. I lead a group of about 90 people, with an annual budget I’m responsible for around $20M. + +The market is active right now, and I’ve had recruiters from other companies reaching out about potential roles at the next level (usually some kind of Vice President). In many companies, after the VP would be SVP, EVP (or CTO/CSO role) and then CEO, as a rough idea of seniority. + +Now here’s the funny thing. I have a good idea of the basic comp elements (base salary, bonus and LTI/RSU/PSU/stock) to expect and negotiate for with those offers at the next/VP level. Many other elements of the comp package are standard: Deferred Comp plan, 401k, medical, disability (short and long term), etc. However, I’ve had multiple recruiters ask me if there are other types of comp or benefits that I’d also leaving behind that they need to know about. When I ask what they might be referring to, they say it’s just a question they ask for completeness. + +However, I’ve on multiple occasions been left feeling like a minor league player. Like there are other secret comp/benefit components that I should know about, if not at my level, then for the next level. And the fact that I don’t know about them indicates I’m not ready to play at that level yet. Maybe it’s my own insecurity talking, but from a work perspective I totally feel ready to take on those next tier roles. + +I’ve had various other non-traditional benefits at some jobs as I’ve moved up the hierarchy, like an annual Executive Physical, or access to an indoor climate controlled underground Executive Parking Garage (great for the northeast USA), or the ability to fly Business Class for intercontinental travel. But I don’t think those are the types of things a recruiter would be asking about in terms of benefits I’m leaving behind when we’re discussing compensation. They seem ancillary to core comp. + +I also don’t think they’re asking about CEO level benefits like a private jet or personal security. The only thing that I can think of is perhaps a company car benefit, which some companies do offer. Mine’s does at that next VP level. So once, just not to seem like a total noob, I said “I don’t use my company’s car benefit” leaving out the fact that I wasn’t eligible for it yet. + +But it’s left me wondering about what are some of the other less well known executive benefits at those senior levels? So I don’t feel like an ignorant minor league player reaching too high. At the very least I think I should be aware of them, perhaps to know what to negotiate about if any of these conversations reach to an offer stage. +**Post 1: Basics: CALL, PUT, exercise, ITM, ATM, OTM** + +[Post 2: Basics: Buying and Selling, the greeks](https://www.reddit.com/r/investing/comments/hdg9xc/how_to_not_get_ruined_with_options_part_2_of_4/) + +[Post 3a: Simple Strategies](https://www.reddit.com/r/investing/comments/hgomwv/how_to_not_get_ruined_with_options_part_3a_of_4/) + +[Post 3b: Advanced Strategies](https://www.reddit.com/r/investing/comments/hgp05y/how_to_not_get_ruined_with_options_part_3b_of_4/) + +[Post 4a: Example of trades (short puts, covered calls, and verticals)](https://www.reddit.com/r/investing/comments/hlb9ns/how_to_not_get_ruined_with_options_part_4a_of_4/) + +[Post 4b: Example of trades (calendars and hedges)](https://www.reddit.com/r/investing/comments/hu8uh9/how_to_not_get_ruined_with_options_last_post_part/) + +`---` + +I wanted to chat a bit about options here. I realize that there are already plenty of articles about options that you can find online, but many are either overly complex, oversimplified, trying to sell you some products, etc. I figured I would explain some of it here, in order to reduce the learning barrier. After all, knowledge is power. And given the **recent** [event](https://www.thestreet.com/investing/young-robinhood-trader-kills-himself-over-730000-loss) **with Robinhood**, I figured it is worth repeating how options work so you understand what is happening under the hood, and don’t end up taking too many risks and making mistakes that you could regret later. If you are interested in trading options, I invite you to look for more details online. + +I have been trading options since 2008. I made some mistakes, so many, especially in the beginning. Over the years, I kinda reduced my option trading activities, but these past few months, I have been doing it much more as there are so many opportunities and the market is so volatile, which helps with my trading style. + +This **first** post is to explain how options work in general, the [second](https://www.reddit.com/r/investing/comments/hdg9xc/how_to_not_get_ruined_with_options_part_2_of_4/) post will go into some more details, the third posts [3a](https://www.reddit.com/r/investing/comments/hgomwv/how_to_not_get_ruined_with_options_part_3a_of_4/) and [3b](https://www.reddit.com/r/investing/comments/hgp05y/how_to_not_get_ruined_with_options_part_3b_of_4/) will explain some standard strategies, and the fourth posts ([4a](https://www.reddit.com/r/investing/comments/hlb9ns/how_to_not_get_ruined_with_options_part_4a_of_4/) and [4b](https://www.reddit.com/r/investing/comments/hu8uh9/how_to_not_get_ruined_with_options_last_post_part/)) will give some examples for my recent trades with gains and losses and how I approach option investing. If you are looking at r/wsb style of investment, please skip these posts, they are not for you. I am a relatively conservative investor and will avoid pure gambles, but I will still take some calculated risks. So I say. :) It is fair to say that most of my money is invested in standard ETFs / mutual funds / Real Estate. So, my option play represents only a percentage of my overall wealth. + +It is often perceived that options are extremely risky, and one of the best ways to get ruined. For some trades, this can be true. To dispel a myth, in reality, options can also be used to be extremely conservative. Even to a point where you barely make any money at all in any market. Unlike for shares, where you can only control the diversification, with options you have a much bigger control on the risk / profit profile. Time and volatility is also a factor that you can profit (or lose) from. + +One thing to note is that not all companies or ETFs provide options for their shares. + +**The basics: CALL and PUT contracts, strike, and exercise** + +Options are split into two groups: CALLs and PUTs. Both have a strike, an expiration date, and a number of shares attached to it. We’ll talk about the exercise and expiration date a bit later. When you buy a call or put option, you buy a contract with a 3rd party through your broker and the stock market. Usually, one contract represents 100 shares. + +The strike corresponds to a share price for the underlying instrument. So for SPY that is worth $308 today, you will have options with strike $308, but also $300, $301, $310, etc… From $5 to $525. Options strikes are created as the underlying instrument SPY goes up and down. For SPY, strikes have a granularity of $1 around the share price, but can also be $5 or even $10 farther from the current price. Some other instruments have a $2.5, $5 or even $10 granularity. It can even have a $0.50 granularity. (Hello Hertz! It dropped so much that the lowest strike is $0.50 right now). + +A CALL is a contract that allows the buyer to buy a number of shares at a given strike price before an expiration date. If you buy a call with a $150 strike, and the share price went up to reach $200, this allows you to buy some shares at $150 that are now worth $200. The action of exchanging your call against some shares that you bought at the strike price is called exercising the call. When you exercise your call contract, you are buying shares into your account. + +Remember that, in most cases, 1 contract will buy 100 shares in your account. When exercising each call contract, you will need $15k of cash in your account in this example ($150 for the strike, multiplied by 100 shares). And the same 100 shares are now worth $20k (at $200 for each share). Not accounting for the price you paid for the call option (more on this later), this means you will make a profit of $5k if you sell the shares. + +Conversely, a PUT is a contract that allows the buyer to sell a number of shares at a given strike price before an expiration date. If you bought a put with a $200 strike, and the share price went down to $150, this allows you to sell some shares at $200 that are now worth $150 each. Similarly to a call, the action of exchanging your put against some shares that you sold is called exercising the put. + +When exercising each put contract, you are selling 100 shares from your account. When exercising each contract, your 100 shares will be sold for $20k ($200 for the strike multiplied by 100 shares). And the same 100 shares are now worth $15k (at $150 for each share). Not accounting for the price you paid for the put option, this means you made a profit of $5k. If you did not have the 100 shares per contract in your account, you would be actually short selling the shares, and you could make the $5k profit by buying these shares back. + +In summary, a call buys shares when exercising. A put sells shares when exercising. Most importantly, in the vast majority of the cases, you should actually not exercise your contracts, but instead, you should sell your call or put at the market price, as you will increase your profit (see extrinsic value later). + +Brokers do not allow you to exercise the contract if the difference between the strike and the current value is going to make you lose money. In other words, you can’t exercise when the current value is below the strike for a call (you want to buy low when the value is high), or current value is above the strike for a put (you want to sell high when the value is low). + +Most brokers do auto-exercise your call and put contracts at the expiration date if they can be exercised. If the contracts cannot be exercised at the expiration date, and you did not sell your contracts before, they will be worthless, and the money you spent buying the contracts will be completely lost. + +Although I am mostly talking about American style options that can be exercised at any time, there are also European style options that can only be exercised at expiration. In the US markets, pretty much all stocks and ETFs are American style, But the cash-settled indexes, like SPX and RUT, are European style. + +**The basics: Intrinsic and extrinsic value** + +A call or a put contract costs money to buy, called a premium, so a 3rd party can give you the right to exercise the call or the put. After all, they won’t take the other side of this contract for free, and they have to be remunerated. The minimum for a contract is $0.01 per share for some very liquid ETFs, but for most instruments, it is $0.05, thus $5 per contract for 100 shares. When you buy a call or put, this premium is the most you can lose by expiration date. The 3rd party that sold the contract to you is open to many more risks and potential losses (see below). + +The value of the call and put contracts will depend on the strike, on the share price going up and down, the share’s volatility (how fast / far it goes up or down), and the time passing. + +When you buy a contract, the strike and the expiration date is known. However, the share price and volatility will constantly change. All the call and put options are constantly repriced as time is also passing (closer to the expiration date). + +The intrinsic value is the portion of the contract value that only depends on the strike and the current share price. It is above $0 only when you can exercise the contract. The extrinsic value is the portion of the contract value that depends on the volatility and time. For pretty much all options, this extrinsic value is above $0, and will slowly drop to $0 as we get closer to the expiration. + +Let’s take an example with a share price of $150. + +Say, you buy a call with a strike of $145 expiring in a month for $7. The intrinsic value is $5 ($150 - $145), the extrinsic value is $2 ($7 - $5). Said differently, if the share price did not move at all until the expiration date, your call contract would bring you $5 per share. You would have lost $2 due to the time passing. + +Similarly, you buy a put with a strike of $155 expiring in a month for $7. The intrinsic value is $5 ($155 - $150), the extrinsic value is $2 ($7 - $5). + +It is worth noting that any call with a strike price at $150 or above has $0 of intrinsic value. If you pay $4 for a $155 call, all the $4 is extrinsic value. If the stock price does not go over $155, you will lose the full $4 per share (so a $400 loss per contract). Similarly, a put with a strike price at $150 or below has $0 of intrinsic value. If you pay $4 for a $145 call, all the $4 is extrinsic value. Your contract will be worthless by expiration if the stock price did not drop under $145. + +Note that, in these examples, I use the same price for the call and put options that are $5 away from the strike price, but it’s not always the case. The call and price options are priced differently depending on the volatility, market expectations, potential dividends, cost of money, etc. + +**The basics: ATM, ITM, and OTM** + +There are few definitions related to the relationship between the strike and the current share value for puts and calls. + +An option is ‘At The Money’ (ATM) when the current share value is matching the strike. The share price is $150, and the strike of $150 for both the call and put contracts will be considered ‘at the money’. + +An option is ‘In The Money’ (ITM) when the contract has some intrinsic value. The share price is $150, so a call at $140 is ‘in the money’, with $10 of intrinsic value. A put at $160 is ‘in the money’, with $10 of intrinsic value too. + +An option is ‘deep in the money’ when the option is ITM and the strike is far from the current share price (for example more than 20%). For example, with a share price of $150, a $100 call will be considered ‘deep in the money’. Same for a $200 put. + +Conversely, an option is ‘out of the money’ if there is no intrinsic value. With a $150 share price, a $160 call is ‘out of the money’. A $140 put is ‘out of the money’. The money you paid for the call and put is purely extrinsic value, there is no intrinsic value. An option is ‘deep out of the money’ when the option is OTM and the strike is far from the current share price. For example, with a share price of $150, a $200 call will be considered ‘deep out of the money’. Same for a $100 put. + +As the share price goes up and down, depending on the option strikes, it can switch between ITM, to ATM, to OTM. The option price will always reflect that and will be based on the time at expiration and the current share volatility. + +Few key things to note: + +* The deeper ITM an option is, the more expensive it is. As it gets deeper ITM, the intrinsic value increases, the extrinsic value decreases. You have a higher chance for the option to be worth something, and you will lose less money on the extrinsic value. The price of Deep ITM options will move very closely to the underlying shares (a positive correlation for calls, a negative correlation for puts). +* The deeper OTM an option is, the less expensive it is. Again, OTM option price is pure extrinsic value. You have a very small chance for the option to be worth something by expiration. +* The maximum extrinsic value is when the option is ATM. It is purely extrinsic value, with barely any intrinsic value. These option strikes are the most sensitive to time, volatility and share price. + +Here is an example, with the same share price of $150. For a call, you could get something like this: + +Strike = $100 / Premium = $53 / Intrinsic = $50 / Extrinsic = $3 ← Deep ITM + +Strike = $125 / Premium = $30 / Intrinsic = $25 / Extrinsic = $5 ← ITM + +Strike = $150 / Premium = $9 / Intrinsic = $0 / Extrinsic = $9 ← ATM + +Strike = $175 / Premium = $5 / Intrinsic = $0 / Extrinsic = $5 ← OTM + +Strike = $200 / Premium = $3 / Intrinsic = $0 / Extrinsic = $3 ← Deep OTM + +You can imagine the same table for a put but in the other direction. + +It is worth noting that if you have a $100 call and you decide to exercise it, you would directly get $50 of proceeds per share, but you would also destroy the extrinsic value to $0, losing $3 of proceeds. Instead of exercising your call, you are much better off selling your call for $53. In general, there are not many reasons to exercise your options. Selling them is more advantageous. + +The [next](https://www.reddit.com/r/investing/comments/hdg9xc/how_to_not_get_ruined_with_options_part_2_of_4/) post will continue talking about the basics of options. + +`---` + +**Post 1: Basics: CALL, PUT, exercise, ITM, ATM, OTM** + +[Post 2: Basics: Buying and Selling, the greeks](https://www.reddit.com/r/investing/comments/hdg9xc/how_to_not_get_ruined_with_options_part_2_of_4/) + +[Post 3a: Simple Strategies](https://www.reddit.com/r/investing/comments/hgomwv/how_to_not_get_ruined_with_options_part_3a_of_4/) + +[Post 3b: Advanced Strategies](https://www.reddit.com/r/investing/comments/hgp05y/how_to_not_get_ruined_with_options_part_3b_of_4/) + +[Post 4a: Example of trades (short puts, covered calls, and verticals)](https://www.reddit.com/r/investing/comments/hlb9ns/how_to_not_get_ruined_with_options_part_4a_of_4/) + +[Post 4b: Example of trades (calendars and hedges)](https://www.reddit.com/r/investing/comments/hu8uh9/how_to_not_get_ruined_with_options_last_post_part/) +(NEO:MEDV; OTC:COPRF; FRA:4NC) + +**About Medivolve:** + +Medivolve is a Canadian publicly traded company that seeks out disruptive technologies, ground-breaking innovations, and exclusive partnerships to help combat COVID-19 and generate remarkable risk-adjusted returns for investors. + +With a seasoned executive team and renowned global advisors that provide expertise across industries, Medivolve offers investors a diversified investment in the COVID-19 medical space across geographic regions and three focus areas: detection, prevention, and treatment. + +Medivolve’s primary focus is to provide convenient and assessable medical services for testing of the COVID-19 virus to help combat the pandemic. + +Medivolve’s wholly-owned subsidiary Collection Sites, LLC continues to help consumers access its effective and convenient COVID-19 testing solution. + +**Business to Business Sales Initiative** + +Recently, Medivolve's Collection Sites launched two multi-week custom COVID-19 testing programs as part of its new business-focused testing services. Moving forward, Collection Sites will be dedicating additional efforts to securing testing contracts with businesses across the United States to provide custom testing solutions. + +The first program is with a TV & Film production studio based in Los Angeles, where Collection Sites staff provide 24 hour PCR test results on-site for crew, talent and staff in accordance with the required COVID-19 testing policies. The testing program will last four weeks, with approximately 500 PCR tests expected to be completed. + +The second program is with the athletics department of a school district in Redlands, California. Collection Sites will supply and conduct on-site rapid antigen tests on students, athletes, and staff as required by the athletics department. The testing program will last until the end of June 2021, where up to 3,750 rapid antigen tests can be completed over the period. + +**February Sales** + +During the month of February, the Company realized the sale of 30,717 tests at an average sale price of $98 per test across its network. Approximately 59% of the sales were cash pay, with the balance as insurance sales. The Company continued to see the strongest demand for antigen tests, followed by antibody and then PCR. + +As vaccination efforts rollout, it is anticipated that retail demand will soften and as such Medivolve is turning to exciting new sales initiatives focused on custom testing solutions for businesses. While COVID cases have receded across America, proper testing will remain for the foreseeable future. This also highlights the strategic importance of Medivolve’s telehealth initiatives and the launch of a disruptive and sustainable business model that helps to provide accessible and convenient medical services to its patients. + +Disclaimer: Please do your own research. This is not investment advice. + + +&#x200B; + +**Giveaways have already started, limited quantity available ending with 29.12.2021** + +aggle.io aims to be the largest sports bet and quota provider in the world. We are growing into a big community involving sports fans of soccer, basketball, baseball, football, cricket, and many more. + +A community of crypto fans and gamers where people can connect with each other, matching everyone’s quotas and earn more money than any other existing platform would allow for. + +📍 aggle.io has **already launched** a fully functional prototype, where you can already create your own or buy somebody else’s quotas already today. + +📍 Try it for free on [https://app.aggle.io/](https://app.aggle.io/) and try creating your own odds on the Ropsten Testnet absolutely for free (Team support can provide free Ropsten Ether). + +Links down below, there are Youtube tutorials on how to create an account, how to get Ropsten Ether and how to create your own bet. It is very easy - just watch our videos or contact support if you have any questions. + +aggle.io will soon launch its token $AGGL on Pinksale, whereby 80% of funds raised will be added to the liquidity pool. + +The remainder will only be invested into acquiring licenses as well as setting up and marketing the productive company. + +**aggle.io will never use this pool for selling their tokens.** + +✅ **Check out our tutorials on how to use aggle.io** + +[https://www.youtube.com/channel/UCsKBAnT0HUYMXvP\_ZKqdZ4g](https://www.youtube.com/channel/UCsKBAnT0HUYMXvP_ZKqdZ4g) + +**📜 Here’s our Whitepaper** + +[https://s3.us-east-2.amazonaws.com/docs.aggle.io/whitepaper.pdf](https://s3.us-east-2.amazonaws.com/docs.aggle.io/whitepaper.pdf) +**📜 Weekly AMAs, so follow us on social media:** + +[https://linktr.ee/aggle.io](https://linktr.ee/aggle.io) + +💎 Use Case 💎 + +1. Existing sports betting providers demand high profit margins in their quotas. The team behind aggle.io has created a unique system in which everyone can become a bookmaker. Therefore, bookies compete with each other: This ultimately drives down their margins, leading to higher odds overall (sure bets are possible). +2. The platform is developed: Back in May 2021 we started a testrun of our page app.aggle.io. According to Google Analytics, we had 5000 visitors, roughly 250 of which have participated as bookmakers. This was extremely important for us to see if our project has actual market demand. And it has. The test run was very well received. Our platform can still be used if you want to try it out. All you need is Ropsten Testether. Just take a look at our tutorials, they are linked below. + +**📜 Roadmap** +[https://www.aggle.io/#roadmap](https://www.aggle.io/#roadmap) + +📍 TT/MM/YYYY Milestone + +📍 29/12/2021 End: Presale Launchpad (Pink-Sale) + +📍 30/01/2021 Token Listing in DeFi Pancakeswap + +📍 Q2/2022 Incorporation India go live Mainnet + +📍 Q4/2022 Bookmaker liquidity pool establishment in India + +📍 Q4/2023 EU - Licensing, Market Penetration + +📍 Q3/2024 Market leader in India for Cryptobets + +**Updates for the roadmap always come in the first of the month** + +🔗 **Our Website** + +🔗 [https://www.aggle.io/](https://www.aggle.io/) + +🔗 Team Aggle: [https://www.aggle.io/#team](https://www.aggle.io/#team) + +🔗 Whitepaper: [https://s3.us-east-2.amazonaws.com/docs.aggle.io/whitepaper.pdf](https://s3.us-east-2.amazonaws.com/docs.aggle.io/whitepaper.pdf) + +Launch Date 30.12.2021 + +🔗 Article: [https://medium.com/@aggle.io](https://medium.com/@aggle.io) + +Discussion Platforms + +🔗 Discord: [https://discord.gg/uE7qca2X](https://discord.gg/uE7qca2X) + +🔗 Telegram: [https://t.me/aggle\_io](https://t.me/aggle_io) + +Social Media: + +🔗 Twitter: [https://twitter.com/aggle\_io](https://twitter.com/aggle_io) + +🔗 Our own Subreddit: [https://www.reddit.com/r/aggleio/](https://www.reddit.com/r/aggleio/) + +🔗 Youtube: [https://www.youtube.com/channel/UCsKBAnT0HUYMXvP\_ZKqdZ4g](https://www.youtube.com/channel/UCsKBAnT0HUYMXvP_ZKqdZ4g) + +YouTube Videos + +🔥 See us in an live AMA + +[https://www.youtube.com/watch?v=j21PGAmzin0&t=198s](https://www.youtube.com/watch?v=j21PGAmzin0&t=198s) + +🔥 See us in an live AMA (German) + +[https://youtu.be/YpOI47p5r94](https://youtu.be/YpOI47p5r94) + +🔥 What is Aggle.io & how to use it +[https://www.youtube.com/watch?v=I\_NS\_ndHnyE&t=6s&ab\_channel=aggle](https://www.youtube.com/watch?v=I_NS_ndHnyE&t=6s&ab_channel=aggle) + +🔥 Become a Bookmaker + +[https://www.youtube.com/watch?v=FjRxslJW9ZM&t=4s&ab\_channel=aggle](https://www.youtube.com/watch?v=FjRxslJW9ZM&t=4s&ab_channel=aggle) + +🔥 How to install MetaMask the wallet provider for Test Etherium +[https://www.youtube.com/watch?v=aaujOxN3MtQ&t=13s&ab\_channel=aggle](https://www.youtube.com/watch?v=aaujOxN3MtQ&t=13s&ab_channel=aggle) + +🔥 Place your own bet + +[https://www.youtube.com/watch?v=hSN1A\_5r88s&ab\_channel=aggle](https://www.youtube.com/watch?v=hSN1A_5r88s&ab_channel=aggle) + +🔥 Transparency and Etherscan in online betting +[https://www.youtube.com/watch?v=shNCES6QAaE&t=36s&ab\_channel=aggle](https://www.youtube.com/watch?v=shNCES6QAaE&t=36s&ab_channel=aggle) +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- 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. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + 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! + +This principle comes up over and over again, sometimes in stupid ways, and it applies to everything from personal finance to trade deficits, so here goes: + +- Imagine a world where it costs approximately one dollar per year to live, and where every job pays a one dollar per year salary (just to keep the math simple) + +- I am rich, and have 100 dollars. I lend out a dollar to each of 100 people, who in turn agree to pay me 10 cents per year in flat interest (again, to keep the math simple). + +- Each of those people earns one dollar per year, and pays me ten cents of that dollar, never paying off the balance. + +- Every year, I earn $10 from the interest payments, while each of my debtors earns only 90 cents after their payment to me, with no end in sight. + +- Those who try to "pay off" their debt, by paying an extra penny per year, earn only 89 cents per year, and pay me 11 cents per year. After 100 years, they will have paid off the debt at one penny per year against the principal and ten cents per year interest, for a total of $11 dollars paid to me for the dollar I originally loaned them. If every borrower did this, after 100 years I (or, more likely, my estate) would have $1100 from my original $100 investment. + +- Even better for me, if I had been re-investing that $10 per year that I was earning in interest by lending it out to other borrowers, I would rapidly compound my returns and be earning $100 per year *just in interest payments*. + +This is how the rich get richer and the poor stay poor (or get poorer). It is essentially by being on either the right side or the wrong side of interest rates. + +If you want to get rich, find a way to make income through ownership instead of wages. Own land, own a business, own intellectual property, own loans, whatever. Get out of the practice of selling off your life one hour at a time, and get into the practice of collecting from people who want the use of your business, land, intellectual property, or capital. + +Landlords pay a fixed sum (or more commonly, a fixed mortgage payment) while their tenants pay inflation-adjusted rent. Your landlord, if she bought the property today, might be paying $1,000 per month in mortgage and expenses on your apartment, and collecting from you $1,000 in rent. Which seems like a pretty bad deal except that 30 years from now, she'll be collecting maybe $5,000 per month in rent (after 30 years of inflation), while making her final $1,000 mortgage payment, at which point she'll own the building free and clear, while you'll still be paying $5,000 per month with no end in sight. + +This is why China can spend $50bn on building the world's fastest railroads without a second thought while Obama must fight to try and get $3bn to explore high-speed passenger rail in the US. China is collecting a trillion dollars per year or whatever in interest payments from the US, so what do they care about such expenses that will only increase their competitive advantage and future income? + +This is also why things like the US *trade* deficit are a much bigger deal than the more-ballyhooed government debt. The US gov't borrowed heavily to win the cold war. Then it started borrowing again to finance the current war on terror. It's also been borrowing since, to keep the country running, rightly or wrongly. + +Any of those might have been good or bad decisions, but they are the equivalent of the family farm borrowing to pay for equipment and so on. It may have been done wisely or unwisely, but it can be, and eventually will be, paid back from the proceeds of the farm. + +However, the current accounts (read mostly "trade") deficit is the equivalent of selling off the family farm an acre at a time. When the family itself is spending more than it earns, when the kids and grandkids are all selling off their claims on the family farm in exchange for new cars and apartments in the city, then we are not just borrowing against future crops, but permanently handing over the acreage that will pay our future incomes. + +This is why things like wage and currency discrepancies matter, even if pure free-market thought experiments say they should not. In an abstract model of a free market, all market actors are equal. But in the real world they are not. Workers in some parts of the world are artificially made more desperate than workers in other parts of the world, and the equilibrium of intelligence and free action is far from perfect. + +This means that a pseudo-"free" and unregulated market will, in the present, result in a massive and unearned transfer of wealth from those who are at or above equilibrium to those who are below equilibrium. Which might be okay, in the long run, if wages were all we had to worry about. + +To frame a crude but not entirely inaccurate analogy, when a country like the US trades with a country like China, it is akin to a family farm trading with a neighboring farm that occasionally kills off some of the grandkids once their crops are harvested. The farm that is keeping its "currency" artificially low in this way is able to claim more from the farm that continues to feed the whole family. The "unfair" farm is able to sell, at cut-rate prices, their own crops to the un-slaughtered grandkids of the "fair" farm in exchange for a small piece of the "fair" farm, cheaper than those heirs could grow for themselves. + +This is a much bigger deal for the family than the farm itself borrowing to pay for new equipment or even current operations, because it permanently degrades the earning capacity of the farm. + +It is also, and this is important, categorically different from selling off or converting acres of the farm to better economic use. That is, the family is not building apartments on under-used farmland, nor renting it out or selling it to parking lots or stadiums or windmills or fairgrounds or shopping malls or whatever. Nor are they succumbing to genuine economic pressures of farms that are more-efficient in terms of creating greater genuine wealth in terms of net human benefit. + +Similarly, and just as importantly, the problem of trade deficits is not merely a problem of the farm that is willing to chop up the grandkids and use them as fertilizer once they have grown the apples being able to sell them cheaper to other customers in the marketplace. **The problem is that, when we are trading our produce for theirs on "equal" terms, they are gaining ownership of our farm with every transaction.** + +It is very important to understand that **the above is not an argument for protectionism.** Propping up inefficient industries (farms or otherwise) is just as bad, and breeds corrosion from within, by crippling the strong. To extend the analogy, the family farm would be badly-served if it tried to divert fertilizer and acreage from the grandkid who was profitably growing corn to the grandkid who can't get apples to grow. Similarly, the family farm is better off buying tractors and tools from efficient producers in town than they are trying to mine and smelt their own iron ore and machine their own engines and so on. + +The problem is a specific one of **willingly giving up long-term economic assets** to trading partners with artificially (not economically) lower costs. + +It's like borrowing from a drug dealer. If he is able to finance your lifestyle cheaper because of the fact that he stole the assets instead of creating them, then it is no longer a wealth-generating activity to trade with him. On a one-case-at-a-time basis it might hardly matter that you got a cheap watch or playstation from him, but when the whole family is financing a lifestyle by selling off pieces of the farm in exchange for stolen watches and playstations, then we are no longer talking about market efficiencies. + +I use the example of the US and China because I expect it has the most relevance to the largest number of redditors, but the exact same analogies could be used with say, Europe and Africa. Africa is probably the richest continent in terms of natural resources, but the nature of its trade relationships is such that most of that wealth is simply extracted. This creates a sort of dutch disease where genuine economic growth cannot take hold, because the local currency is inflated by the value of the natural resources to the point where it is not cost-effective to set up any other industry than extraction. + +Which comes back to the original concept of ownership. **Whether you are getting richer or poorer in the long run always ultimately depends on which side of the ownership line you are on.** Nobody can stay poor for too long if they are on the right side of ownership, and nobody can stay rich for too long if they are trading ownership for current consumption. +I’m 24 and live in the Midlands. I have just started a career as a teacher but I’m unsure whether I will stick with teaching in the next few years. My starting salary is 26k. + +Currently, I have around 14k in savings. Most of this is in a Help to Buy ISA, as I worried about the withdrawal penalty attached to a LISA. I’m probably able to save £450-500 comfortably most months. + +As a single buyer, I feel that I am going to struggle to earn enough to be able to get a mortgage. I don’t want to rely on having found a partner either nor do I have family who can help. A decent property here is probably 180-200k. There are properties that are cheaper however, they are flats typically not in the safest areas. I’m not looking to make money, I just want the security of owning a house. + +Any tips on what I can do? Just keep saving? Give up on buying a house and invest my money instead? I’m currently considering shared ownership. +[Opportunity Atlas](https://www.opportunityatlas.org/) + +I recently found out about a thing called the Opportunity Atlas, a project which maps the household income of 35 year olds onto the county in which they were born. I’m not from America, and I knew that wealthy East coast and West coast areas would do well. However, I was surprised to see states such as Minnesota, Iowa, North Dakota, South Dakota, Wyoming, Montana, Nebraska, etc, states I associate with being sparsely populated and rural, with high economic mobility. What gives? Are they happier, more frugal, or is there some other factor they possess which equates to high economic mobility? +He even lifted my option chain screensgrabs. You can tell by looking at the URL of the June 11 and June 18 option chains images in his video. He even mischaracterized my DD because it wasn't just Blackrock and Citadel that loaded up on $HYG Puts. + +Here's my DD from 8 days ago: [https://www.reddit.com/r/Superstonk/comments/ns7k6q/could\_gamestops\_liftoff\_unravel\_corporate\_junk/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/ns7k6q/could_gamestops_liftoff_unravel_corporate_junk/?utm_source=share&utm_medium=web2x&context=3) + +https://preview.redd.it/h840lrhlj1571.png?width=1484&format=png&auto=webp&s=efc8437f52eeb06845153024211cacee8e487af7 + +And here's his YouTube channel: [https://www.youtube.com/watch?v=YW554gS1fWs&t=1s](https://www.youtube.com/watch?v=YW554gS1fWs&t=1s) + +[Check the URL ... he's showing the image from my DD.](https://preview.redd.it/y6xgpn1rj1571.png?width=1962&format=png&auto=webp&s=d97849bb0208cb5bc5eec0c38e05b281e0cc3e70) + +Anyway, not cool. Not cool at all man. + +.......... + +Edit #1: Wow everyone ... I stepped out for a few hours to grab brunch with the family, and come back to find this. Thanks for having my back, everyone! What a true shrewdness we have here on r/Superstonk! + +When I first saw this guy's video I thought, oh cool. But then I thought, I better leave a comment so everyone knows the source of this, and also because there is a bit more to the story and data than what he was presenting. But when he deleted that comment, and another, and another, that's when I felt what he was doing wasn't a harmless oversight, but deliberate theft, and I felt compelled to surface the situation here. Glad I did. This community truly is the best! + +I've tried to upvote and respond to as much as I can, but the response has been overwhelming. + +............................... + +For my next DD, I'm working on something I hope everyone will appreciate. We all know the 55MM proxy votes reported by GME's wasn't the half of it (or maybe even the 1/10th of it). I have a bit of a background in consumer research, so I decided to use that knowledge and some of the same tools to put together and conduct a very simple single question survey using a third-party consumer research platform. I've been serving the question up to a randomized set of 300 U.S.-based adults over the past few days (don't worry, this surveying is totally anonymous, totally disconnected from Reddit and this community, and is being managed programmatically). Ideally I'd want something like 1,500-3,500 samples for something like this, but even with my eventual sample size of 300, the margin of error is going to be sub-6%. + +I'm including this here because I've posted on this a few times over the last few days as the results come in, and everything has been downvoted something awful. I just have to believe this community would not only be interested in such research, but I also feel this community deserves some hard data around this question of share ownership. + +I'm presenting the results in progress below, but I want to stress a few points: + +• 300 sample size provides some solid insights, but the ideal sample size would be 1K or more (although once past 500-600, the margin of error doesn't move much) + +• Capping the highest response buckets at 101 shares owned ensures an underestimation (this is deliberate ... I'd rather err on the side of showing the tip of an iceberg with high confidence than show the whole iceberg with low confidence) + +• As you can see in the Bias Tables, the 55-64 age group is over-represented, and the 25-34 age group is underrepresented. This wasn't intentional like the question/answer structure, but I'm this particular bias is resulting in a more conservative results versus more representative sample ... in other words, I bet a lot more 25-34 year old own $GME than 55-64 year olds. + +• I am not done ... once I have the full 300 response, I will share with the community my tool, methodology, and costs. What I'm using is pretty inexpensive and accessible to everyone. If anyone else is interested in generating their own data set (both to validate mine and to hopefully add to mine to bolster the sample size), that would be great! + +• Before anyone starts to crap all over what I am doing here, please be prepared to present your better idea for building some reliable datasets around GE ownership. As far as I can tell, this is the bet and only attempt at gather third-party, unbiased data around U.S-based $GME ownership + +Here's the data I've collected so far: + +https://preview.redd.it/8f7z76bn13571.png?width=2484&format=png&auto=webp&s=15a7eaa3a8dd20bf40f55a44ffef35adbd7aa410 + +https://preview.redd.it/2698h0xn13571.png?width=2766&format=png&auto=webp&s=a1edd0b61f727b4aa3802b36cffec9c678a979d1 + +Again, I am still collecting another 79 samples to get to 300. But as things stand (mind this is still a pretty small sample with an margin of error of \~6-7%), this data seem to suggest GME ownership among U.S. adult population is 5.9% with an average of 28.15 shares. There are 209MM adults in the U.S., so based purely on this limited data set, it looks like U.S. retail investors could own a minimum of 347MM shares. Remember, I capped ownership at 101 shares to be ULTRA conservative, so the number could be much higher. In other words, the two individuals who checked "101 shares or more" could have thousands or tens of thousands of shares, and those wouldn't at all be accounted for. This is very intentional. I'm trying to show that even the tip of the iceberg far exceeds the total number of outstanding shares, and I think this data does this pretty convincingly at this point. + +Add to this individual foreign investors, insiders, RC Ventures, institutional, etc. and it's very clear there are a metric fuck ton of synthetic/fraudulent (or whatever you want to call them) shares floating around. We all already knew this, I'm just trying to build something to define this with unbiased data and hard numbers. + +If you're interested in this research, please follow me and keep an eye out for this new DD. + +Edit #2: Since comments are closed, if the DD idea outlined above is something you support, please visit this older posts about this and let me know (the initial reception of the idea was pretty bad, and you can see by the 0 Upvote count): + +[https://www.reddit.com/r/Superstonk/comments/nxmkp4/still\_collecting\_data\_shooting\_for\_n300\_us\_adult/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/nxmkp4/still_collecting_data_shooting_for_n300_us_adult/?utm_source=share&utm_medium=web2x&context=3) +Crypto Wojak 1: "Guys I got hacked. Lost $100 gazillion. My funds were on Metamask." + +Crypto Wojak 2: "Oh fuck Metamask ffs!!!" + +10 hours later: + +Crypo Wojak 1: "Oh guys I totally forgot to say this but I clicked a Discord link and they asked me to validate my wallet for free NFTs so I put in my seed phrase and after that my funds were drained. But lemme just write a post saying I got HACKED and METAMASK SUXXXX!!!!" + +\--------------------- + +For fuck's sake, most of the people that lost their crypto money got SCAMMED, not HACKED. Did someone suddenly invent a quantum computer capable of breaking SHA-256 cryptography? Because that's literally what it takes to 'hack' your crypto wallet without your seed phrase. + +The whole point of crypto is that NOBODY, no MACHINE, no CIA, no NSA, no Illuminati, no Bogdanoff can HACK your crypto wallet, that's the whole fucking point of crypto ffs. So you can fucking imagine why ppl start to panic when some rando Wojaks that got scammed like a noob but cries out loud how he got 'hacked'. Then everyone starts to think 'what if this happened to me????' and 'does this mean Ledger and Metamask are not safu??' + +If only people could be clear and write out step by step what actually happened and stop spreading these bullshit fear stories. +hi there! i recently got interested in trading and i am about to open an account with a broker. now i know that there are books and videos out there explaining how things work and what to look for, avoid etc. i got a suggestion from a friend, who already is somewhat successful, to buy john murphys technical analysis of the financial markets. what else is there to watch and read that would help me be better at trading and investing? +https://www.theage.com.au/property/news/the-suburbs-where-the-property-market-has-fallen-most-20220526-p5aorr.html + +We’ve been actively searching in Melbourne’s SE for 4 months and this has completely been our experience. Places going for 1.2 when neighbours were selling for 1.35 6 months ago. + +This is despite agents and realestate.com.au doing everything they can to pretend that places aren’t turning in and that the market is pumping. Interest rates have barely even risen yet, too. + +We’re about to see how the market stands without free money - and it’s looking brutal. 👇🏻👇🏻👇🏻 + +I hope my fellow millennials will join me in waiting six months for things to really happen - they had their turn now let's take ours. Unless you find something you love of course - then enjoy it in good health! :) +$MoonAkita is a community-focused, decentralized token with instant rewards for every member to enjoy. Each trade has two simple functions: LP acquisition and redistribution to members. The token has built-in anti-dump mechanisms, preventing big whales from acquiring a large portion of the supply early. This has potential to moon like all other akita tokens and even more, it is currently sitting at an extremely low marketcap. + +**Contract** **Address**: 0x9e26bfb2dda10ad64beb2dd6fa39b9d94d2e236d + +**Tokenomics**: + +5% fee auto add to the liquidity pool to locked forever when selling + +2% fee auto distribute to all holders + +3% is burned forever + +50% burn at launch! + +&#x200B; + +**Telegram**: [https://t.me/MoonAkita](https://t.me/MoonAkita) + +for all safu links join the telegram + +**Website**: coming soon (today) + +**Other** **characteristics**: + +🔐 Locked liquidity on dxsale + +📈 Renounced ownership + +🚀 No hidden wallets (real fair launch) + +🔥 own sticker pack in the telegram + +&#x200B; + +Roadmap: + +Reddit campaigns, coingecko & coinhunt listing, coinmarketcap, tiktok, influencers, tg groups, audit, merch, grow community +They are setting up the next level of FUD, too bad they don't try as hard to make it look legit... You can EASILY edit pages in your browser to make them look super legit, but that doesn't help if Apes are on high alert and call out the posts. Also, most posts have questionable OPs... + +Mods previously said they will BAN any Gain Porn during MOASS. So anything you will see immediately BEFORE or DURING the squeeze is 99% fake, atleast that is how I will treat it. + +Just sort these kind of posts out with the Up-/Downvote system, and report them. + +Media will be fabricating some BS stories to make it seem like people are selling, my bet would be they will do it in a time where the stock is dropping. This would certainly make sense given their nature, but we could also be seeing posts like that in times where stock is just a straight rocket, in which case would make them look pretty dumb, we've seen this before Lol + +This is all speculation, but I'd rather be prepared and wrong, than not be prepared and get played with. These Hedgies are so transparent with their FUD you have to admire it. Screams Desperation. + +Buy hodl - VOTE +Warning: I'm 100% sexually attracted to LKE + +Ok, so yesterday I posted about how LKE seems to go up and down depending on my overall fitness. + +https://www.reddit.com/r/ASX_Bets/comments/lk8xkx/-/gnm3cbr + +SO, although I won the bet, I decided to look into it some more, the first time LKE ramped up to an all time high I was doing triathalon training, and then when it crashed, it happened at the exact day I got broken up with and started uber eats'ing pints of Ben and Jerries to my doorstep. + +Recently I have had to stop going for runs/gym due to my exams coming up and LKE dropped almost from it's all time high again. + +And now to today, THE FUCKING SECOND I stepped foot into the UFC gym, it starts jumping up 6%. + +Now I'm not saying this is corilated, but I see three occasions where it's directly linked, and I think I'm onto something here. I can barely count to 3 so this feels like an adequate sample size for my hypothesis. + +SO! I'm going to take the hit for you guys! For every like this post gets within the next 48 hours, I will do 10 pushups, 10 pull-ups, 10 sit ups. I'm thinking if we get it to a certain amount then LKE is destined to moon. + +TLDR: LKE 🚀🚀🌕🌕 +Update [here](https://www.reddit.com/r/Superstonk/comments/nqucfo/ape_scrapbook_draft_proposalidea_outline_and/) ! + +I got my hardcopy GME Proxy Statement and 2020 Annual Report in the mail yesterday and was over joyed to have a little souvenir to remember the most spectacular event of my life by and made [this](https://www.reddit.com/r/Superstonk/comments/npfwzc/go_this_in_the_mail_today_as_a_pleasant_surprise/) post about how rad it would be to get you all to sign it like a high school yearbook. + +Then I got to thinking, what if we actually had one? Not to be published and sold for profit, it would be just for us. + +&#x200B; + +[\*Not cover - Just adding a picture!](https://preview.redd.it/4o5uzdrh0p271.png?width=408&format=png&auto=webp&s=54d64259ad4f38716a1b22de84b48764c707abec) + +I work in graphic design, book design, copy/content writing, was in YearBook club in high school, and have been working my own little MOASS scrapbook as we go and think I could really make us something beautiful we could all keep as a MOASSbook. + +I'll make it, take input of what should be included, have it printed +mailed, and we could use it as a way to make a large donation to do some good in the world from all of us. + +I was thinking we could add our most important memes, DD, timeline, awesome AMA guests (if they're willing), MOASS art (if artists would like to licence it for the book), and other things as suggested by Apes in our community...and then have pages where Apes could sign their username in the front and back covers like an actual yearbook!! We could maybe do a cover art vote like for our phenomenal banner too. I'd it now and it would be released following the MOASS so that's included too of course! + +Would you apes be interested in that? What do ya'll think? 📚 + +I am happy to verify identity and indicate that I am not a crook through the mods :) Sales would be done legally on a platform Apes will be able to trust. + +EDIT: + +/u/bobmahalo suggested creating an NFT and using that for charity $$$$ which I think is BRILLIANT and will make that happen!!! + +EDIT 2: + +Looks like there's demand. I'll start making a plan/outline, do some DD and be in touch soon for input for major things to include in it :) + +EDIT 3: + +I also want to clarify it wouldn't be a mass published book, more so just a fun and beautiful scrapbook for our community and our journey together. Just a memento :) Profit and personal gain is not the intended outcome and if i can pull this off as anonymously as possible, I'd love that. + +I am not the "author", the community is and I would just compile it in a rad way. +Update [here](https://www.reddit.com/r/Superstonk/comments/nqucfo/ape_scrapbook_draft_proposalidea_outline_and/) ! + +I got my hardcopy GME Proxy Statement and 2020 Annual Report in the mail yesterday and was over joyed to have a little souvenir to remember the most spectacular event of my life by and made [this](https://www.reddit.com/r/Superstonk/comments/npfwzc/go_this_in_the_mail_today_as_a_pleasant_surprise/) post about how rad it would be to get you all to sign it like a high school yearbook. + +Then I got to thinking, what if we actually had one? Not to be published and sold for profit, it would be just for us. + +&#x200B; + +[\*Not cover - Just adding a picture!](https://preview.redd.it/4o5uzdrh0p271.png?width=408&format=png&auto=webp&s=54d64259ad4f38716a1b22de84b48764c707abec) + +I work in graphic design, book design, copy/content writing, was in YearBook club in high school, and have been working my own little MOASS scrapbook as we go and think I could really make us something beautiful we could all keep as a MOASSbook. + +I'll make it, take input of what should be included, have it printed +mailed, and we could use it as a way to make a large donation to do some good in the world from all of us. + +I was thinking we could add our most important memes, DD, timeline, awesome AMA guests (if they're willing), MOASS art (if artists would like to licence it for the book), and other things as suggested by Apes in our community...and then have pages where Apes could sign their username in the front and back covers like an actual yearbook!! We could maybe do a cover art vote like for our phenomenal banner too. I'd it now and it would be released following the MOASS so that's included too of course! + +Would you apes be interested in that? What do ya'll think? 📚 + +I am happy to verify identity and indicate that I am not a crook through the mods :) Sales would be done legally on a platform Apes will be able to trust. + +EDIT: + +/u/bobmahalo suggested creating an NFT and using that for charity $$$$ which I think is BRILLIANT and will make that happen!!! + +EDIT 2: + +Looks like there's demand. I'll start making a plan/outline, do some DD and be in touch soon for input for major things to include in it :) + +EDIT 3: + +I also want to clarify it wouldn't be a mass published book, more so just a fun and beautiful scrapbook for our community and our journey together. Just a memento :) Profit and personal gain is not the intended outcome and if i can pull this off as anonymously as possible, I'd love that. + +I am not the "author", the community is and I would just compile it in a rad way. +Hey guys! I hope you all are well! I'm looking for a bit of fiscal advice . I just came into almost 2 million dollars from a legal battle and I was wondering if anyone had any advice about what to do next. All of my taxes, debts, car(s), legal fees and home are all paid for at this point but I would like to begin "putting the money to work for me" asap. Are financial advisers worth it? What isxa good banking institution for for the nouveau riche? Any suggestions on stock or investment tips? Thanks guys! +Starting my financial journey, I realised this stuff takes more time than what I anticipated earlier. + +How much time do you spend on budgeting, planning, executing, etc. on a regular basis? What is your asset allocation? How frequently do you rebalance? + +Should one invest in SIP format, lumpsum, or a combination? I understand there is not single answer to this. But ideas are welcome. + +Making a decision in this area is really crucial on how things might turn out. + +What advice you have for others who are starting on this journey? + +Please don't suggest me to hire a financial planner. I don't intend to do so for various reasons. + +>Edit: This thread has been quite helpful until now to serve as a validation of my own ideas and approach. Thank you all! +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned. +GME prohibited recording from inside shareholder meeting and you taking pictures is putting in potential danger apes you take photos of. So stay fucking humble. Follow rules. + +Why break rules of the company you care about and not respect other shareholders. You got into the meeting. Behave or be banned. How fkn hard is it not to post pictures from inside a room? Meeting is only 15 minutes. I understand you only take picture of piece of paper provided for you, but why on earth you have to disclose how other shareholders look? + +Taking pictures inside meeting is smol brain. I hope you get better. +Hey everyone :) + +Last year my teenage crypto investments exploded and now sitting around 2m$ post-tax. They're 99,9% of my net worth, and I believe it doesn't make sense to hold such a pile of money in a high-risk asset. And therefore, I want to sell most of them and put them into instruments with lower risk. So essentially, the goal is to preserve money and put a portion of it to work. I'm 22yr old, working in IT and my salary covers my living expenses. I don't have any intention of retiring or similar things. + +I have never managed such an amount, which makes me lost. I read a lot of info/posts on r/personalfinance, but the tips there are primarily for the US people. So I thought about getting professional financial advice. I could find several companies on Google, but very few reviews and they do not list amounts of target net worths. I live in Germany if that matters. + +Appreciate your tips and wish everyone a wonderful upcoming year :) +I’ve been SO fortunate when it comes to school in the past year, I don’t even know where to start- I know we are in the middle of a pandemic but I feel like I couldn’t have picked a better time to start my education back up! + +This is the third time that my school has disbursed CARES act funding to me, and with that combined with the financial aid I’ve received, I’ve actually *made* money going to school this year. I got a good sized tax return with an education credit that just hit my account today, all thanks to being an independent student. + +Because of this CARES act funding, I’ll be able to pay for all my books and materials for the next couple semesters, my transportation to and from school, and any unexpected school related expenses. There’s even enough that I can put some away to save for the wedding I’m planning. + +I just wanted to share my happy little windfall with you all today. + +Edit: as u/IslandMans pointed out, many schools have lots of Covid relief funding to hand out directly to students right now. If you are struggling, contact your financial aid department and ask about HERF or CARES act funding and tell them how the pandemic has affected you. Oftentimes receiving the funds is very easy! For me I only had to fill out a short form and the funds were in my financial aid account the next day, to be sent to my bank in a few days! +There’s only one reason that DOJ is putting it out there that Hedge funds are possibly manipulating prices…. + +Because DIRECT REGISTERING SHARES is about to put them all in a fucking pickle and there is no way out except someone getting fucked. + +Before DRSing the news had slowed, the sec did their song and dance, and it seemed like some fines was all that was going to come of this. + +But holy shit the world has felt like it’s turned upside since DRSing has gained traction.. the ploy interviews with laugh tracks, the delay in releasing the game stock report, the economy hanging on by strings while articles attack people for being educated and asking questions. These inflated numbers are finally making other subreddits flinch. Defaults and new variant being the blame for minor spy dips while CEOs are selling off their portion of company stock. + +I’m not saying that GME is the reason for the impending crash, it just opened the door to the disgusting acts going on behind the scenes of the casino of our economy. We will be the reason many other companies don’t get fucked and destroyed by the powerful in this country. + +They need to put this blame on someone and it’s only because we decided to take action and some retards finally transcribed cone poo tear chair + + +buckle up buckaroos and DRS your shares. +https://www.afr.com/policy/economy/millennials-aren-t-socialists-they-re-just-poorer-than-their-parents-20201215-p56nil + +Anyone who is genuinely interested in why young people are moving to the left should look at the pyramid of credit that underpins the Australian economy. + +To read the Centre for Independent Studies' report on the Millennial embrace of socialism in the dying days of 2020 is to experience something of a time warp. Published about the time Alexandria Ocasio-Cortez was beginning her run for office in 2018, the document opens with the fall of the Berlin Wall on November 9, 1989, and was clearly intended to shock. +Chock full of esoteric graphs and sweeping platitudes, the libertarian think tank attempts to boil down what 1003 people born between 1980 and 1995 told their interviewers while answering a handful of leading questions. + +Participants were asked things such as, “Do you think capitalism has failed?” or “Are ordinary workers worse off today than they were 40 years ago?”; eventually the gotcha component consisted of a snap history quiz. In an effort to measure the participants' familiarity with “socialism” – a term never clearly defined – subjects were asked what they knew about figures like Mao Zedong and Vladimir Lenin but curiously not whether they had heard of Union Carbide or Bhopal. When the results inevitably came back showing a lack of familiarity, the authors wrote off the “youth” flirtation with socialism as little more than ignorance. + +“For a variety of reasons, youth are far less aware of socialism’s role in some of the greatest catastrophes in human history and have begun to view it benignly,” the report said. +With this, the authors perhaps revealed more about themselves than they intended. Even in victory, roughly three decades after the fall of the Soviet Union, they were still penning reports about their long-vanquished foe as if they were still mourning the loss of a sparring partner. It was as if hand-wringing about “cancel culture” was not as satisfying. +Anyone who is genuinely interested in why young people are moving to the left needs to look elsewhere – and a good place to start is the pyramid of credit that underpins the Australian economy. + +Australians, it may surprise many, are some of the most indebted people in the world – though the exact ranking depends on which measure is used and how the numbers are cut. The most recent OECD figures show the ratio of Australian household debt to net disposable income stands at 217 per cent – meaning the average household owes twice what it makes in the year. Measured relative to gross domestic product, the Bank of International Settlements puts Australian household at 119 per cent – second only to the Swiss. + +All that debt is beginning to weigh on the intergenerational transfer of wealth. If the social compact has been underpinned by the promise that each generation will do better than the last, a Grattan Institute report from 2019 shows that may no longer be the case. + +Guaranteed wage rises meant inflation would gradually eat a person’s debt over time, today flat wages mean debts grow. + +What they found is that the future young people face is bleak. On balance they are working more insecure jobs for longer, earning less at the same age than their parents were, spending most of their money just trying to survive and are more likely to hold debts than assets. +When it comes to housing, those aged 35 to 64 in 2016 took on twice as much debt as those of a similar age were doing in 2004. Meanwhile, home-ownership rates among young people aged 25 to 34 have fallen to 20 per cent, down from 60 per cent in 1981. + +Things are even more bleak when read alongside two other Productivity Commission reports released in mid-2020. Together they show how those who have come of age since the 2008 global financial crisis – triggered by massive fraud in the mortgage-backed securities trade – have watched their incomes decline by 2 per cent while they are locked into more unstable, more insecure jobs over their lifetime. + +When people feel as if the social compact has been run through a shredder, they start looking for alternative ideas about how to run things. + +How well a person fares in this world depends largely on class. Those whose parents own their home outright can always rely on the bank of mum and dad if they run into trouble or need help buying a house. Those left to rely on a wage have a much harder time as they work harder for longer, are paid less over time and are more likely to inherit their parents’ mortgage than the family home. + +Should they run into trouble, they are forced to go into debt or rely on a social security system paid at a level below the poverty line – or both, if the Australian government’s illegal robodebt scheme is any guide. If guaranteed wage rises once meant inflation would gradually eat a person’s debt over time, today flat wages mean debts grow and there are fewer ways to escape them. + +The issue with this is not about morality, but the inherent fragility that is being built into the economy. As a growing array of debts drive more people into precarity, it becomes more likely that when push comes to shove – such as a global pandemic or correction in the housing market – that everyone suffers. If history is any guide, what happens next is best summed up with a joke told by Brown University Professor Mark Blyth while explaining the Brexit vote and the advent of Trump. +“It’s a no-win scenario until elites figure out that at the end of the day, as I like to tell my American hedge fund friends, the Hamptons is not a defensible position,” Blyth said. +  +“The Hamptons are a very rich area on Long Island that lies along low-lying beaches. Very hard to defend a low-lying beach. Eventually people will come for you.” The same might be said of Point Piper, the pricey harbourside Sydney suburb – home to former prime minister Malcolm Turnbull – that sits on a peninsula surrounded by water in the 16th-most overvalued city in the world. + +The important point, however, is that when people feel as if the social compact has been run through a shredder, they tend to start looking for alternative ideas about how to run things. +Given the deal they are currently being offered, if young people really are embracing “socialism” – however the term is used and abused – it should come as a shock to no one. + +What exactly do they have to lose? +Full disclosure, Avacta (LON:AVCT) is my largest holding. And rightly so, in my opinion it has potential to be one of the most promising biotech plays over the next decade. I rarely see any discussion about here on Reddit, so figured I'd do a quick write up to share why I think this. + +**Who is Avacta?** + +Listed on AIM, Avacta is a biotech company based in West Yorkshire. At the core of the business is it's proprietary technology, the Affimer® and pre|CISION™ platforms. + +Spotlight was on Avacta last year following the announcement of their Covid-19 Lateral Flow Antigen Test, however delays since the announcement last Spring and vaccine news hampered the price a bit, but excitement is back on the table following recent news flow and the government preparing to roll out mass testing to the public. On top of this, Avacta is an excellent cancer play with their tumour targeting precision therapy AVA6000, and subsequently in my eyes the real money, Affimer® and pre|CISION™ platforms. + +I'll explain these 3 below: + +**Covid-19 Lateral Flow Tests (This is where short term excitement is)** + +***What is a Lateral Flow Test?*** + +These are quick tests you may have read about in the news, as the ones that give results in 15 mins. With Avacta, this involves an anterior nasal swab sample (not a brain tickler sample) being applied to a lateral flow test device, where the sample reacts with reagent, effectively changing colours on positive result. Simplest way to imagine this is similar to those Litmus Paper tests you might have done in school. Except it's housed in a device you can use at home. + +Currently, the primary method of testing is called reverse transcription polymerase chain reaction (RT-PCR). PCR testing takes a few hours and requires professionals to take the sample and process them. PCR tests, test for genetic material (RNA) which can be detected early in the body, whilst you are infectious, and during recovery (i.e. you still have Covid, but are not infectious), generating a positive result through all these stages. + +Lateral Flow Antigen Tests provide results in around 15 minutes, and can be self administered, at home, at work, at events etc... The test however isn't testing for genetic material, instead it is testing for antigens which can tell us when you are most infectious. The benefit to this is that it will greatly reduce the number of people needing to unnecessarily self-isolate after testing positive on a PCR, but testing negative on a LFT (i.e. you still have Covid, but are not infectious) + +The issue to date has been that Lateral Flow tests simply aren't accurate enough for mass testing, just being 1% wrong on a 66 million UK population affects 660,000 people, with a lot of these tests being highly criticised in the media/scientists. The Innova test for example (which the government currently has stockpiles of) has an overall sensitivity of 76.8%, and overall specificity of the test was reported as 99.68%. + +Step in Avacta, their Lateral Flow Test announced clinical results yesterday demonstrating a sensitivity of 96.7%, and specificity of 100%, what more this was based on samples with a Ct value below 26 which is the sweet spot we've been looking for on infectiousness. These results are very favourable compared to previous studies, showing that Avacta truly have developed the gold standard for Covid-19 testing. + +Next steps are to complete full clinical validation and CE mark so they can bring the test in Europe around the end of Q1 2021. + +What is unique to Avacta’s test, that no one else will be able to replicate, is the type of reagent used. In this case, Avactas reagent is known as Affimer, which Avacta own the IP to. + +Timing could not be more perfect with the government set to lay out it's plan to end lockdown through mass testing (lateral flow based testing), even the papers today have leaked the next slogan - "Get ready, get testing, go" + +I believe that Avacta is playing a critically central role in the government plans for ending lockdown, and are exactly what BoJo has been looking for when he's been babbling on about when he wants a sovereign test. I have no doubt that Avacta will probably sell every single test they make in what is a multi-billion pound market which isn't going anywhere. + +**Cancer Therapy (This is where medium term excitement is)** + +Avacta is looking to start in the UK Phase 1 studies on it’s targeted chemotherapy drug, AVA6000. + +Doxorubicin is a commonly used chemotherapy drug that comes with unpleasant side effects. I won’t go into too much details but in layman terms it’s effectively a destructive drug, designed to destroy tumours, but it hurts the body in the process. Regardless, it still stands as one of the most commonly used and effective treatments for cancer, including Leukaemia and Hodgkin’s Lymphoma among several other types. + +Avacta has taken Doxorubicin, and modified it to become AVA6000. This modification is achieved using Avacta’s pre|CISION™ platform which renders the drug inactive in the circulation until it enters the tumour. It’s activated within the tumour by an enzyme called fibroblast activation protein (FAP) which is in high abundance in most solid tumours but not in healthy tissue such as the heart. + +AVA6000 has been shown to significantly increase the amount of active drug in a tumour compared with the heart and should thereby improve tolerability and achieve better clinical outcomes for patients. + +**Affimer**® **and pre|CISION**™ **(This is why this is a long term hold)** + +This is where the big money is. Avacta own the IP to both Affimer and pre|CISION. + +The idea is, that if either or both of these platforms are successful then Avacta can easily achieve a multi-billion valuation. + +Success is already beginning to be seen with Affimers via their Covid-19 diagnostics, opening the door to many more future applications. If the AVA6000 study shows that the pre|CISION chemistry is effective in reducing systemic toxicity of Doxorubicin in humans, then it can be applied to a range of other established chemotherapies to improve their safety and efficacy. + +I've been holding 20,000 shares since last Spring, and intend to hold for the next decade+ + +Edit: Typo + +Share Price at Time of Post: 187p +(excuse me if this is too much a basic question for here) + +&#x200B; + +but how were people in early 1900s able to buy dress suits so commonly? + +when you see movies or video clips of the early 1900s, all the people would be wearing + +dress clothes and dress shoes as an everyday wearing, but dress clothes and + +dress shoes are pretty expensive even nowadays. + +were the price of clothes of dress suits & shoes compared to wages not much different compared to nowadays? + +how many pieces would an average person own those days, when they wouldn't have + +washing & drying machines +It seems to me that beyond a certain level of wealth, individuals (and corporations) can choose how much tax they want to pay by moving money around the world. + +The ones that are are more moral pay the most by paying in the countries where they earned their wealth. + +It seems like the better the person, the higher their tax bill...we are literally taxing “niceness”, which seems to make no sense at all. + +Is that a fair assessment? Is there a solution? + +What if such practices were held in the same contempt as child neglect or drinking alcohol and driving? Would reputational damage do it? +Hi everyone, + +I have been lucky enough to have recently gotten a lot of money through a startup that went public. This afforded me a decent payday and I'm now worth about $21-22M at 34 years of age. I'm planning on staying with the company for another couple years, the RSUs I will be vesting during that time should get me to around $30M net worth within the next two years. After that, I'm not sure what I'll do (I'll probably never fully retire, but actually work on what I find valuable and fulfilling, so might have to tap into my investments to maintain standard of living). + +I don't have a wealth manager so instead I'd like to run my current plan by you :-) + +I'm mostly invested in index funds (primarily VTI) and plan to continue liquidating RSUs and reinvest in broad market. I am holding \~4M in company stock that I am comfortable holding for a longer time period. I just bought a $3.1M house (with a $1.5M mortgage at <2% interest), by far my biggest expense (but seemed worth it for the upgrade in quality of life). I have an umbrella policy for up to $5M. I don't have a trust yet, but that's on my todo list. Probably getting married soon and hopefully kids to follow after that. + +Is there anything else I should be doing/am missing? I'm comfortable with my investments (HODL), but I'm not sure whether I'm missing anything else from a wealth management perspective. I was connected to some wealth managers but they all charge a ridiculous fee and I'd rather manage investments myself. + +Thanks for your input! + +EDIT: Thanks for all the responses! I can't reply to all, but created a comment on my own thread that goes into a bit more detail about my experience at the startup, since that was a common question. I can't pin that comment, so just a heads-up in case you're interested. +Came across this article. An interesting look across generational viewpoints and what a 'rich life' constitutes. + +https://www.bloomberg.com/news/articles/2018-05-15/how-much-money-do-you-need-to-be-wealthy-in-america +This subreddit has a lot of people who are willing to spend money on nicer things: houses, cars, flights, hotels, meals, paid help around the house, etc. + +What's something you still aren't willing to splurge on, despite otherwise having a fat budget? Why? +Hello everyone, + + +I am in the lucky position to have saved up some cash from my small business. I have been looking to buy a flat for the last 2 years, but the prices for them are quite high where i live (west Austria) - and have kept rising to the point where you could call it a small bubble. +Because I wanted to be able to snatch a bargain right away, I never really invested the bulk of my cash, so it has been slowly melting away in my deposit to inflation. + + +Currently I am debating buying a flat at a fair price, not a great bargain, but pretty good for the current market. Some renovations required, old building, decent layout, good location. I would be able to finance it out of my pocket, but it would more or less eat up most of my savings right away, and the rest with repairs and renovations. + + +As far as I understand/read the current situation, buying property is about the second most dumb thing to do, right after having cash just lying around, as housing prices are probably going to fall - but investing a lot into ETFs/Stocks/Crypto... feels wrong when I am still renting. But maybe just wait for a few years? + + +Any advice would be much appreciated. +Thanks! +I make 3500k a month after taxes. + +1540$ goes to rent starting April 1st (No, it’s not a joke lol) + +I have 0$ in savings + +I have 9k in car debt and only debt I have + +I move out of my parents March 6th, so I have 2 paychecks before I move out that I can save and 2 before I owe rent. + +For the past 6 months of working and living at home, I bought nice clothes (not designer, brookes brothers, Cole Han, the sort) food, and stuff for when I move out(pots/pans/furniture) so I don’t need to buy anything except a couch and accent chairs. + +I love eating out but know it’s killing my finances. + +The majority of my money went to my car (I put 7k$) on it, my car insurance and cell phone bill, and what I mentioned above. + +Basically I don’t need anything for my apartment. + +What should my monthly budget be or what would you suggest? I want to save and not eat out as much. (Only with. Girlfriend who we both agreed to slit the check since I always bought and always offered to) + +Thanks everyone +For the next 1-3 years, I think it makes sense for my entire portfolio to consist of low PE ratio, dividend paying stocks. My logic is that interest rates can only go one direction right now (up), and when this occurs, stocks with high PE ratios becomes less attractive, and the price falls. + +For the next 1-3 years, tell me why I shouldn't have 100% of my portfolio in low PE ratio, dividend-paying stocks. I get that my portfolio may be heavy on the financial and energy sectors, as well as REITs, but I'm fine with that. + +NOTE: I am not looking to double or triple my money. I'm a conservative investor looking for modest and consistent 5-15% returns every year to combat inflation. +My boyfriend got into crypto around December of 2020, and he decided to put a large sum of his money in during the huuuuge run we had earlier in the year. His strategy was to put a few thousand in and watch the charts meticulously every few seconds. I even saw him swing trading and swapping coins, so I decided to learn everything I could about crypto and see if he was getting "scammed." + +I learned a lot. I watched him tell our friends to buy doge coin, saw him put lump sums into BTC and BITCOIN CASH, and heard him tell me about lots of coins that seemed like they wouldn't pan out long term and I tried to hold my breath. + +At this point (around April) I thought, hey, I know a little bit now, time to start my portfolio. I did something different than him, and put 25 dollars in each week. He kind of made a little fun of me, said it was "cute" that I was investing and trying, and also said it was kinda pointless to put that little amount of money in. + +Then came the "crash" that I was completely prepared for and mentally ready to see, and I just ... continued to put in my money weekly. He "no longer wanted to talk crypto as much" and stopped putting in money because all of his was already invested. + +I am proud to say that as of today (because I started building with one coin vs. His 10-15) ... + +MY BITCOIN IS WORTH MORE THAN HIS! + +Edit: for you weirdos saying I'm in a toxic relationship .... have a drink +They've done it successfully on two subs already and it has worked to perfection. We are the 3rd sub that was a spinoff from the original WSB phenomenon. They successfully infiltrated that sub and divided it to GME then successfully divided that into superstonk and..... + +IT DAMN NEAR WORKED AGAIN... You tried SHF, but failed... + +Be proud that this mod team and community quickly sniffed this out, corrected any misinformation, and we are now already back on track instead of making a new sub... WHICH IS EXACTLY WHAT WAS JUST ATTEMPTED. + +BUY, HODL, & BE EXCELLENT! + +that's our new motto. + +&#x200B; + +EDIT: AWWWW SHIT.... It's the all seeing eye... DFV if that's you, just know I can't wait to see everything you do after this. I will tell stories of your legend to all who will listen... you will forever be a part of history... Seriously. DeepFuckingLove ... If not, whoever you are... still deepfuckinglove. +Title says it all really. She just told me about it today and has absolutely NO idea what she is going to do. A lawyer met with her already and informed her its a sizable amount. The grandfather is super upset and her own mother is now trying to get her hands on it. She is only 19 with no real savings at all and has to constantly bail out her mother financially. She even opened a credit card for her mom to use when she was desperate (i know, bad situation). So naturally she is terrified what is going to really happen now that greed is starting to set in. + +I told her she needs to open a new bank account that is completely separate from where her mother banks as well as put a freeze on her credit so her mother couldn't open credit cards under her name. + +But other than that, I don't really know what to tell her to do when she gets that money. + +Any help would be greatly appreciated! + +&#x200B; + +&#x200B; + +Edit: What a tremendous response! Thank you all so much for the support and *really* helpful advice! + + +🍑 PORNROCKET 🍑 + +**PornRocket** is a **cryptocurrency** and adult content sharing application set to storm the industry with private transactions on a secure blockchain. Unlike competing online platforms, which take a 20-40% cut, **PornRocket charges zero platform fees** for content creators. **Creators anticipate that PornRocket will reach a £1billion market cap within the next eight weeks** as the adult industry makes way for a revolutionary concept that is already making huge waves! + +In just 12 days, PornRocket has: + +🍑Been listed on hotbit.io + +🍑Listing on L Bank dropping June 9th + +🍑Achieved an ATH market cap of over $75 mil + +🍑Gained more than 25,000 holders + +🍑Over 15,000 active members on TG + +🍑 Recruited top-ten Pornhub stars Abella Danger and Nicole Aniston as brand ambassadors, plus many more top-rated professional models + +🍑Listed on CoinMarketCap + +# 🍑 What are the Tokenomics? 🍑 + +PornRocket is a **hyper-deflationary** token that provides generous yields to holders. + +50% Initial Burn + +Immediately after launch, we completed an initial burn of 500 Trillion $PORNROCKET tokens, 50% of the total supply. + +5% - **Redistribution** + +5% of **every transaction** (Buy/Sell/Transfer) is split fairly between all the **holders**, respective of the weight they hold, allowing everyone to earn passively. + +5% - Auto Liquidity + +5% of every transaction (Buy/Sell/Transfer) is automatically directed to the PancakeSwap liquidity pool, locked for 2 years. + +# Links: + +🍑Website: pornrocket.co + +🍑CoinMarketCap: https://coinmarketcap.com/currencies/pornrocket/ + +🍑TG: prnrocketbackup + +🍑Twitter: pornrocket\_ + +🍑Reddit: r/PornRocket + +🍑Liquidity lock: https://dxsale.app/app/pages/dxlockview?id=0&add=0x86c6bb32c8a95bd040e2da7489b544d168c895a5&type=lplock&chain=BSC + +🍑Audit: https://github.com/TechRate/Smart-Contract-Audits/blob/main/PORNROCKET%20Full%20Smart%20Contract%20Security%20Audit.pdf + +🍑Contract: 0xcf9f991b14620f5ad144eec11f9bc7bf08987622 + +🍑Ownership Renounced: https://bscscan.com/readContract?m=normal&a=0xcf9f991b14620f5ad144eec11f9bc7bf08987622&v=0xcf9f991b14620f5ad144eec11f9bc7bf08987622#readCollapse11 +Hello everyone, + +So much good DD (due diligence) here and so much info on these companies has me INSPIRED for my portfolio. It’s safe to say we are all hoping for the next ALPP or ABML. After extensive reading on here, I have decided to start my OTC investments with the following + +AITX TLSS OZSC ENZC + +I also have ZOM ALPP and some ABML incase the runs not over + +So many profiles sporting 1000%+ gains which is exciting. What is even more exciting is that when I search this subreddit for the DD for ALPP or ABML this was called FOR MONTHS. With so much good info and so many success stories I feel like this approach is so worth it. I won’t ask what everyone is buying or stuff like that because there is a search bar to help me not be redundant. + +My logic has shifted from “apple and Amazon are SURE THINGs” to “ its easier for a stock to move from .002/share to .004/share than it is for a stock to move from 40/share to 80/share.” At the end of the day 100% gain is a 100% gain. + +What has been your biggest takeaway from this subreddit? So many stocks that could go up with bright futures on the horizon. + +I’m planning on holding everything at least a year and one day so it doesn’t get hit as taxable income at my income tax rate. + +Full disclosure: this is by no way investment advice rather a discussion to see methodology for using info from this subreddit. And if you want, share your best success story. + +PS: why do pink slips have a bad rep? Because of the wolf of Wall Street?! + +EDIT: this turned into my involved Reddit post ever I appreciate it! Just to say it again I love hearing success stories to get motivated to make stuff happen! Love you guys. Whoever gave me my first award thank you!!! +Remember the guy who was a dogecoin millionaire? + +The guy got everything that he owns, even borrowed money from this parents (cleaning lady/truck driver) and put $250k in dogecoin at 0.05cents. Basically, everything that you have ever read in this subreddit of what not to do, he did it. Then, he got the luck of a lifetime and was up $3.5M. The guy wanted more and fame. + +The stupid Hodl hodl hodl. Hodl sometimes is stupid. When life changing money shows up, take it. + +Now Doge is approaching 0.10 . The guy is only $250k up, down from $3.25M. $250k is not life changing if you live in California, like he did. + +If you ever feel down, watch when Doge is at 0.05 and think about this guy, it will ease your pain. + +…. he also has 1 billion Floki Inu just to +make things worst. +I read median household income in the US is $61,000/year. Does this mean that most americans could not afford survival as single adults? Do most of you earn $30,500/year and rely on dating or marriage to be able to afford to survive? +A transfer from broker to broker must be completed in 3 days under Finra rule 11870, putting more pressure on the PFOF broker’s margin and leverage. They can’t stall and buy time like they are with DRS requests. We should all know by now that PFOF brokers ARE NOT our friends. They are trying to fuck with DRS as much as they can, don’t let them. Initiate the transfer on Fidelity's side to give them NO WIGGLE ROOM. + +**E-Trade, TD Ameritrade, Ally, Webull, Tradestation, Vanguard and Schwab** have all been implicated and reported as delaying DRS and fucking around. + +Already 'started' DRS with your shit broker? Likely they haven't begun it and cancelling it won't matter, even if they have they can not be trusted for a good timeframe or trusted in general and DRS with Fidelity will be faster and punish the shit brokers & you should be thinking about changing broker anyway. Many apes dont even bother cancelling their DRS reequest they just start the Fiedlity transfer on Fidelity side and fuck them hard and fast. + +If Fidelity doesn't receive shares in due time they can buy the shares themselves at whatever cost they want and send the bill to your shitty broker once the transfer goes through and they need your shares to DRS + +This slams the PFOF broker as they either have to give Fidelity some of their limited supply of real shares or are forced to buy them now or get a FAT bill from Fidelity putting pressure on their balance and risk levels AND they lost a customer. + +From there Fidelity have the fastest DRS times and they have gained a happy customer and damaged a competitor and the DRS train to full float starts moving faster. + +If this information stops being suppressed and enough apes learn why to do this then the DRS train picks up speed and 741 comes along quicker + +741 - US Code that pertains to Broker-Dealer Liquidation and Bankruptcy. These brokers will crumble and be liquidated and the first BIG dominoes towards MOASS will fall. + +GET out of these AT RISK SCUMMY PFOF BROKERS and make your shares REAL and under your name. Speed the process to DRS up and send a big FUCK YOU to your PFOF brokers by transferring to Fidelity first and then DRS. + +Shills love to downvote this topic. + +Full DD on this: [https://www.reddit.com/r/Superstonk/comments/q5t3c9/important\_drs\_info\_if\_you\_use\_a\_pfof\_broker/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/q5t3c9/important_drs_info_if_you_use_a_pfof_broker/?utm_source=share&utm_medium=web2x&context=3) + +For Euro and International Apes you can do similar on IBKR use a FOP transfer to do it though cause otherwise they have a 30 day wait for ACAT transfer. + +Not Financial Advice. I’m REDACTED + +Largely a repost with some additions to keep this info front and centre in the sub after the SEC report (understandably so) distracted us for a bit. +There are some policy ideas I agree with Elizabeth Warren on, but her statements on Bitcoin yesterday were so laughably stupid. + +It made me think of her analysis of the final season of Game of Thrones, which she called “sexist.” Now, there are some good critiques of the way the show ended, but that was an example of Warren just hopping on some bandwagon of internet outrage. Probably never even watched GoT. Her thoughts on Bitcoin are equally ignorant. + +By the way, you know what consumes more fuel and electricity than most countries? The US military by itself. + +Edit: I should add that, I do believe cryptocurrency must and will become greener. It’s just that it is a complicated and nuanced subject involving entire energy infrastructures and, in this case, she sounds incredibly ignorant. +In case you've never heard the expression, it comes from British bombing crews in WWII. With the HUGE uptick in FUD of all manner, if you have any doubts, just remember that they wouldn't talk about us if we weren't relevant. + +They wouldn't have have delayed swaps reporting till 2023 **THE DAY** after it gained traction if there was nothing to it. + +~~They wouldn't have deleted the~~ [DTC VIDEO](https://bafybeib6xbafn75lo5tegbcl2kuoro3ccsgm3umhziaevq3apyf7y56r7u.ipfs.w3s.link/x6rysc_post_superstonk_video.mp4) ~~about the tip of the iceberg of fails vs actual shorts under the water if there wasn't anything to it.~~ edit: apparently the videos still up, I don't know what ape historian was talking about, my bad. [original link](https://www.dtcc.com/dtcc-connection/articles/2022/august/02/improving-settlement-rates-by-ignoring-them) + +They wouldn't file frivolous lawsuits against RC and towel stock executives. + +They wouldn't hire shills to run campaigns against us. + +They wouldn't lie to us about how the Split was delivered. + +They wouldn't work all night. + +They wouldn't borrow $600 million dollars and fly all over gods creation if they weren't in trouble. + +Inumerable other things I missed, they wouldn't bother with us + +#UNLESS WE WERE RIGHT +A fairly recent paper by Sylvain Catherine et al, "Social Security and Trends in Inequality" argues that the share of wealth accruing to the top 0.1% of the US population, when adjusted for Social Security benefits, has actually declined in the US. A further paper by Mathew Smith et al, "Top Wealth in America", shows that even without Social Security, inequality in the US has remained relatively flat for the last decade or so. + + [https://marginalrevolution.com/marginalrevolution/2020/03/social-security-and-trends-in-inequality.html](https://marginalrevolution.com/marginalrevolution/2020/03/social-security-and-trends-in-inequality.html) + + [http://ericzwick.com/wealth/wealth.pdf](http://ericzwick.com/wealth/wealth.pdf) + +This completely flies against the current political narrative in the United States. Your thoughts on this topic? +Currently work in an exceptionally high pressure field as a manager and frontline customer service personal. Very time sensitive and strict line of work with many different and demanding "bosses"(customers, insurance partners, actual bosses) to appease. + +My workplace is a 70km round trip commute(which I loathe). I am essential personal and expected to man my post regardless of weather conditions or conflicts/complications in my personal life. In 10 years I have missed less than 10 days of work. + +Monday to Friday I leave my house at 6:30AM and do not return until 6:30PM or later. Frequently I am working beyond that, 12-14hrs a day if the work volume so demands. I often remote connect to my work conputer from home on the weekends and evenings. The workload is overwhealming as I am the only person in my workplace who handles the type of work I do. Every customer, and every phonecall is more piled on to an already overflowing plate. + +Generally speaking, I have a strong distain for my workplace, customers and employer. I feel totally burned out and complacent. + +That being said, I have a salary of $65k+ with benefits, which from my limited perspective is pretty good. + +I have an offer to move to a large multinational insurance company. The office is a 4km commute from my home, the hours are 8-4 and the workload would be a fraction of whats currently demanded of me. The only hang up Im having is the $20k+ pay decrease I would face. + +Base salary for the position would be $42.5k with an increase to $45k(plus pension and benefits) after 6 months. + +I know for my mental health the change would be a good thing, but I am so hung up about the salary disparity. + +I truely feel like a wage slave. + +Could anyone ring in with an outside perspective to aid in clearing my mind? + +Thanks PF community. + +Edit: Holy jeeze this got a heap of response, I am trying to answer everyone, sorry if I dont get you to promptly! +It's curious that the youtube channel scene about economics divulgation is actually pretty poor compared to other areas of education or entertainment (history being the contrary, there are hundreds of good quality channels). Also, many of the channels dedicated to economics focus on university stuff, theoretical content for students. + +In terms of real world economics, Economics Explained is by far the biggest that i know of, but it's too ideologically possessed, sadly. I like Money & Macro. + +Anyone recommend any youtube channels? Thanks +Fee free to include reasons why such as salary, work environment, sense of fulfilment etc. + +A lot of people on this sub seem discontent with their current careers so would be great to see who is actually enjoying theirs! +With the market turning bullish again, ULTRA is looking primed for a nice pump. The interview with Benzinga tomorrow will be very bullish for Ultra considering that the team will likely release some news! + +&#x200B; + +Marketing is slowly being accelerated, as crypto is starting to look better and invertors are willing to spend more and more on altcoins. In the past couple of weeks we've seen Ultra mentioned by TikTok and Youtube influencers and even in multiple MSM publications. More influencers are on the way and more marketing methods are being explored for further expansion, including Social Media Advertising such as FB ads. + +&#x200B; + +On the technical side, there are a lot of things in development that are getting closer and closer to release, such as a staking dApp and a unique NFT marketplace. As we're getting closer to 50k holders, we're also getting closer to the inception of Project Titanium Ice, which the devs are teasing to be HUGE! Website V3 is also virtually completed, all that's left is a few finishing touches and it's ready to go live. + +&#x200B; + +UltraSafe lives up to its name of being Ultra Safe. The devs are doxxed, and the token was audited 2 times, once by Solidity Finance and once by CertiK, where it was deemed to be safer than even SafeMoon! + +&#x200B; + +Join the community + +&#x200B; + +Website: [https://ultrasafe.finance/](https://ultrasafe.finance/) + +Pancakeswap: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x0b3f42481C228F70756DbFA0309d3ddC2a5e0F6a](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x0b3f42481C228F70756DbFA0309d3ddC2a5e0F6a) + +Telegram: [https://t.me/UltraSafeOfficial](https://t.me/UltraSafeOfficial) + +Reddit: [https://www.reddit.com/r/Ultrasafe/](https://www.reddit.com/r/Ultrasafe/) +Does anyone else here (who already own a house) refuse to invest in property due to the ethics of it? + +I understand that I'm in a grateful position (to already own a house) so it's pretty scathing of me to even talk about this topic, but I have always avoided further property investments (besides the one that I already own to live in) due to how outrageous real estate prices have become. I think it's deplorable that my kids and future generations will most likely never be able to afford a house on their own -- which in my opinion is contributed mainly due to property investors, amoral government policies and growing wealth inequality. + +So despite the fact that yes, I will probably make money if I invest in housing, I absolutely refuse to contribute even a tiny amount to this shitshow that is the Australian property market. Does anyone else think this or am I the crazy one for thinking this? +Welcome to the /r/EthTrader Daily Discussion thread. + +The thread guidelines are as follows: + +All sub rules apply here. Please review our rules page to become familiar with them. The rules page is also linked in the announcement bar above +General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or minor questions. +Breaking news or other important content should be submitted as a separate post. +In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, follow this link and choose the latest entry on the search page. +Pumping, venting, trolling, or any other similar behavior should be redirected to the /r/CryptoMarkets trollbox thread. To view the thread, follow this link and choose the latest entry on the search page. +[EXPERIMENTAL] - To view live streaming comments for this thread, click here. Account permissions are required to post comments through Reddit-Stream.com. + +Thank you in advance for your participation. Enjoy! +First of all, I'm not a socialist. I truly believe that investing capital in productive assets is the way to create a better society for all. + +But I'm increasingly starting to question this idea as more and more money gets wasted on businesses and ideas that really create no value - short-term, or long-term. + +Consider the $1.6B in funding India's fantasy/mobile gaming startups raised in 2021. That's over 12,000cr. + +Or the $120M cricket marketplace Rario raised last year - 960cr. + +That's billions of dollars going into businesses that, frankly, are not going to create any lasting value at all. + +Of course, the job of business is to create profit. And of course, investors will want to invest in businesses that maximize their returns. + +But at a time when there is wild inflation, mass unemployment, and real shortage of capital for critical infrastructure projects, it does make me wonder if there is just way too much cheap money in the world, and instead of being value-generating assets, its being wasted on wild speculation. + +2021 funding spree really made me disillusioned by the markets at large. Just wild speculative frenzy and very little focus on anything that generates lasting value. + +/endrant +This is a warning to ALL users: Poloniex is **NOT** to be trusted. + +They are NOT honoring withdrawals and support is non-responsive. Withdrawals on the ETH chain are generating bad transaction hashes while your ETH are stuck in limbo. + +Support is entirely non-responsive. DO NOT USE POLONIEX. You will deposit your money and you can trade all day long, but you will NOT get it back. + + +**EDIT**: It seems based on comments here that some peoples' withdrawals go through while others' don't. This may be based on verification tier for the user, or it could be arbitrary. Either way, I will no longer be depositing funds to an exchange where my ability to withdraw them is up to a coin flip. I advise ***EVERYONE*** to double, and triple think it over before using Poloniex again. + + +**Presenting new DD from our quant team's freshest cat, mechanical engineer, PHD, and orphaned sex worker. The writer of such classics like T+69. Known primarily for trying to get everyone to look at pictures of his DIX.** + +u/Dr_gingerballs brings you... + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +Hello my simian brethren, + +Last time I wrote of the state of the dip was January 10, 2022 when we enjoyed what we thought at the time was a dismal price of $131. How we long to see such a price once again from the depths of $100! In my last address, I showed that internalization in dark pools was acting strangely (and have suffered through weeks of internalizing DIX jokes). I also showed that the put/call ratio was higher, indicating that someone was using a higher than normal number of puts to drive the price down via delta hedging. My thesis at the time was that our price drop was due to buying puts and internalizing buys, not due to apes paper handing. + +I’m here today to reaffirm that the state of the dip remains strong as of February 7, 2022. I will lay out an even deeper dive into the options chain and short sales to support the thesis that apes, indeed, continue to hold. + +# Part 1: The Options Chain + +There are mixed feelings and half-baked theories about options on this sub. I personally am pro-options and think the data I am about to present will strongly support that position. However, the goal of this post is not to recommend an investing strategy, but simply to explain why the price has swung between $100-250 over the last year. + +First, let's reintroduce the concept of delta hedging. If a market maker sells a call to someone, the buyer of that contract can exercise or “call away” 100 shares from the market maker. + +>The probability that someone holding that contract will call those shares away is called delta, and is always a decimal number between 0-1. This number represents a fraction of the contract’s 100 shares that should be hedged by the Market Maker (0 being 0/100 shares and 1 being 100/100 shares). This concept is known as Delta Hedging, and it can also be thought of as a measure of how likely the Buyer exercises the contract, with “0” meaning the owner won’t exercise and “1” meaning the owner will. + +The market maker just wants to make money selling contracts - they don’t want to bet on the value of the stock, so they must prepare for the chance that the option will be exercised by buying other contracts to hedge. + +As the price of the underlying stock moves up or down, the delta value changes as well, and the market maker is able to sell off (less delta) or buy more (higher delta) to hedge and stay “Delta Neutral”.. + +>For example: if I buy a call option with a delta of 0.5, the market maker should buy 50 shares. As the price of the stock rises, they buy more shares; as it falls, they sell shares. +> +>The opposite is true for puts, whose delta values are negative and are between -1 and 0. If a market maker sells a put, then they will have to sell shares onto the market to stay delta neutral. + +Due to this mechanic of Delta Hedging, the process of buying and selling options drives buying and selling on the underlying. + +**Question 1: How much of our daily volume is just due to delta hedging options?** + +This is actually something that we can investigate with the data available from the options chain. What I propose below is an estimate of the amount of daily volume attributed to delta hedging. You could get a more exact estimate using the Black-Scholes equation but I think that is overkill for what we are trying to do. + +To estimate the number of shares hedged each day I do the following: + +&#x200B; + +* Calculate the price movement, also known as: difference between the daily high and low price. +* Multiply this difference by the gamma and the number of open contracts (open interest) for each call and put on the option chain. +* Sum the values for both calls and puts + +Okay so I just explained delta, what the heck is gamma? Gamma tells you how much delta (the fraction of shares that should be hedged) will change as the price of the stock changes. So I calculate the daily change in price, calculate the change in delta, and multiply by the open interest and sum. + +This estimate makes a few assumptions: + +* It assumes that daily changes in price are small, so gamma values don’t change much. +* It assumes that only the existing contracts are perfectly delta hedged, and ignores the buying and selling of new contracts that day. +* It assumes that the stock only hits the high price and the low price one time that day and doesn’t bounce around. + +All of these assumptions are fairly conservative, and I suspect the actual hedging to be larger. I then take all of the daily hedging volume and I divide it by the daily volume of the stock. The results are below. + +[Daily Volume Due to Options Hedging as a &#37; of Daily Total Volume](https://preview.redd.it/w88vv0y15pg81.png?width=1136&format=png&auto=webp&s=51ca28d9e7425102e20f17a50807a5d5fe8fd388) + +**In this graph, 100% indicates that all of the daily trading volume on GME is due to options hedging!** + +As you can see, there are clear variations between January 1st and July 1st 2021, where options hedging made up only a small percent of daily volume. Options hedging was significant during the February and May runs, but was very low otherwise. To contrast, after July 1st 2021, the delta hedging is between 50-100%. Since this estimate is fairly conservative, I can say with some confidence that nearly all of the volume we have seen on the stock since July is due to delta hedging the options chain. + +This would mean that the natural buying and selling of GME is minimal, aka apes largely bought in during the first half of 2021 and **DIAMOND HANDED THAT SHIT TILL NOW**. All of the price action we have been seeing on the stock is due entirely to the delta hedging of options, and not significantly affected by retail buying and selling the stock. This is supported by data from multiple brokerages (Fidelity buy/sell ratio, Ally percent diamond handers data, etc.) all showing that APES are not selling. + +**Question 2: Can we relate the overall delta pressure of the options chain to the price movement of the stock?** + +I have attempted to answer this question by calculating the relative strength of call and put delta over time - effectively how much of an effect Calls and Puts have on the stock and how much they can push the price higher or lower, respectively. This is calculated by subtracting put delta from call delta, and dividing by the total delta on the options chain. This works similarly to calculating the individual delta of an option, with the number falling on a scale from -1 to 1. If the options chain was 100% calls, the value would be 1. If it was 100% puts, then it would be -1. 0 indicates that they are equal. The plot below shows the relative delta strength in blue against the price in orange. + +[Relative Delta Strength Overlaid \(blue\) with Price \(orange\)](https://preview.redd.it/3nriihmp4pg81.png?width=1209&format=png&auto=webp&s=e22048b9d50205599c26dbee08ebf71dc6f2fb5d) + +You can see that after July 1st, 2021, the price and the relative delta strength line up quite well, suggesting that our price is determined largely by delta hedging options. So let’s then graph this relative delta strength vs. the price of the underlying: + +[Delta Strength vs. Price: Correlation](https://preview.redd.it/wnb3ogwy4pg81.png?width=1091&format=png&auto=webp&s=c66d15aecd192d0cf0fc9ff27313d951d5c40c11) + +**Holy fucking shit, goshdang, and gee willickers!** + +I’ve been trying to find good correlations amongst the data for GME for a YEAR and I have never found one this strong. This data shows that the price of the Stock correlates very strongly to the relative delta strength with an R-squared value between 0.8-0.9. Now of course correlation does not equal causation, which is why I laid out the mechanics of this proposed causative relationship above. However, I believe this is proof that: + +1. the price of GME is determined by the options chain +2. buying calls moves the price up +3. buying puts moves the price down + +You may notice some of the data does not fall neatly within the dotted lines above. Those data points all represent dates from January 6th 2022 until today, and they warrant more discussion. Let’s zoom in on our relative delta strength graph from before… + +[Closeup of Jan 6th spike in Relative Delta Strength](https://preview.redd.it/ke1t1tqo6pg81.png?width=1289&format=png&auto=webp&s=ec350530cac6362973feb2efa74ce56ba34cc907) + +There was a violent jump on January 6th from a delta of 0, to a delta of \~0.5 in one day. Interestingly, that evening is when the price ran more than 50$ in after hours under the guise of the NFT marketplace leak. Rather, I believe that this was in fact due to Market makers delta hedging this “shock” to the options chain. The next day, this jump was then heavily shorted back down to a price around $140. Going back to relative delta strength vs. price, an interesting observation emerges: + +[🤔](https://preview.redd.it/6flzcax17pg81.png?width=1292&format=png&auto=webp&s=547e13c6938e56e682447aa7c4d4452b95eca768) + +If the options were properly delta hedged, the price of the stock should have been between $165-220 on January 6th, and indeed the peak in after hours was $176 which is in line with expectations. However, the following day we begin to deviate from the previous trend. This deviation continues throughout the month of January and into February. What this deviation shows is that call delta no longer moves the price as high as it used to. This dilution of delta hedging power comes from increased liquidity of the stock. Where did this liquidity come from? Either apes sold (narrator: they didn’t) or someone heavily shorted. + +**Did someone say shorts?** + +The chart below shows that the interest rate began to increase for GME share lending started…on the goddamn 6th of January. So, this reduction in the ability of call delta to move the price is likely due to dilution of the stock from increasing shorts. + +[ORTEX short borrow rate](https://preview.redd.it/v27g40ad7pg81.png?width=1601&format=png&auto=webp&s=e0d65edce043acec133df4b0fa548e5b890f60da) + +[ORTEX short utilization, that second spike begins on January 6th](https://preview.redd.it/ziljq5lh7pg81.png?width=2088&format=png&auto=webp&s=7dfc566041b5f5412f71fc7ac018b7dda9f396c6) + +So lets recap: + +* Since July 1st 2021, all or nearly all of the trading volume of GME is likely due to Market makers buying and selling the stock to delta hedge the options chain. +* The impact of this option chain hedging results in a predictable change in price, indicating that much of the dip we are currently experiencing is due to shorts buying in the money puts to force the price downward with the synthetics created from market maker hedging. +* Starting in January 2022, we begin to noticeably deviate from previous behavior, and this deviation is strongly correlated to the increase in GME borrowing that’s been observed by others. +* APES AREN’T SELLING (BUT YOU ALREADY KNEW THAT, DIDN’T YOU?). + +**Question 3: Who gives a shit? What now?** + +Well beyond jacking your tits with confirmation bias, I think this provides compelling evidence for a particular path forward (which luckily is already a path embraced by many apes). It’s clear from this data that the price is both **FAKE** and **WRONG**. If we also consider that XRT is now on the RegSHO threshold list, it shows that they are bringing out all of the big guns they have access to, and they are still unable to get the price to stay under $100 for more than a partial trading day. Making this informed assumption, they are likely pretty close to all in at this point. + +So how does the game stop? I believe the stock price must rise to put enough pressure on both their short position and on their margin, which they are fighting incredibly hard to protect. The best way to do this is to BOTH buy and hodl, AND buy far-dated, near the money calls with high delta. Holding the stock preserves the floor, and buying call options increases the price. Without an increase in price, this gives them time to drag out their position and slowly cover over time. To be clear, I am not interested in arguing about the merits of options for each individual investor. Only you and no one else can decide if options belong in your portfolio. I am simply trying to provide data and understanding for the situation, and if nothing else, reinforce the fact that ... + +**NO ONE IS SELLING.** + +**DO NOT FEEL PRESSURED TO BUY OPTIONS IF YOU CANNOT AFFORD or UNDERSTAND THEM** + +**JUST CONTINUE TO DIAMOND HAND THOSE SHARES AND LET APES WITH THE UNDERSTANDING AND CAPITAL BUY OPTIONS** + +GME needs apes to continue to hold the defensive while others are able to take the fight to the hedgies. + +**TL;DR:** + +Ook Ook, bitches. Moon soon. + +I would like to thank u/gherkinit and all of the folks involved in his quant team for helping me gather and process data, as well as help develop and test hypotheses. They did some heavy lifting on this one, particularly in gathering full daily options chain data for GME from Jan 4th, 2021 until today. + +A reminder of the hypothesis: the price of the stock has been solely driven by delta hedging options, shorting ETFs containing GME (maybe related? See DD by u/Turdferg23 and u/bobsmith808), and shorting GME itself. + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +**If you have questions regarding the MATH shown here please direct your questions to** u/Dr_gingerballs **I'm sure he would love to answer questions regarding his methodology or model. I'm sure if you want to fact check, you will find like we did, that it is accurate.** + +**Options data pulled from ThinkorSwim OnDemand each day at 16:00:00 from January of 2020** + +**Data used from January 4th. 2021** + +\*official smoothbrain translation provided by the sire of the "dans" + +**Disclaimer** + +*\*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.* +**The $FCF team has won the Crypto Innovation of the year at the dubai crypto expo! FCF PAY is changing the way the world spend and earn cryptocurrency.** + +The team has been approached by big entities in dubai and currently have dozens of massive deals on the table. + +Major mainstream marketing campaign signed up with the Chambers group (they represent over 50 household brands) + +FCFPay is live and functional, merchants/freelancers/stores have started using it! FCFPAY is the first cryptocurrency payment gateway of its kind. It allows merchants to accept any cryptocurrency as payment! + +Partnership with Everly Market is rolling out this month. Fcfpay will be integrated in their network of merchants in the USA. + +Discover our Revenue Sharing Token Ecosystem! (RST) A real world product(FCFpay) that keeps fueling our investor token $FCF! + +$FCFpay integrates with the two biggest e-commerce platforms – WooCommerce & Shopify. But FCFpay doesn’t stop there… The flexible API allows it to be integrated into practically any existing payment system, even in physical retail stores! In fact, a large proportion of the first merchants to use it will be physical stores. + +Imagine paying directly with crypto! You can nowshop online or in person, and spend your crypto gains without having to send them to the bank or use a “crypto credit card” that is actually just swapping your crypto for fiat. Crypto is about to fulfill its true purpose as the CASH of the internet! + +Fcfpay allow you to buy flowers with BNB and order food with Cardano (or any other crypto)... just about any combination you can imagine, and all without requiring you to use a traditional offramp, such as a centralized exchange. + +This will allow FCF to unite the $4 trillion-dollar online shopping industry with the cryptocurrency world. This unification positions FCF to lead the way towards mass adoption and secures the future of FCF as an essential crypto technology! + +**That’s why their motto is “EMPOWERING CRYPTO”!** + +$FCF was already listed on 4 exchanges over a period of just 4 weeks! LBANK, HOTBIT, COINSBIT AND LATOKEN… and there are more to come! + +The payment gateway will incentivize adoption by featuring a fee structure that is lower than PayPal and credit card processing companies. + +Every payment gateway transaction will also induce a buy back and BURN mechanism in FCF, thereby increasing the value of your FCF by reducing the overall supply! + +$FCF rewards holders with BNB dividends based on trading volume (5% of each transaction goes to the dividend pool and is distributed proportionally) AND from a portion of transaction fees once + +FCFpay is launched. Yes, you will earn dividends on every payment gateway transaction! This safeguards your investment from bear markets by establishing a second source of dividend revenue! Imagine receiving a portion of the $4 trillion-dollar e-commerce industry simply by holding FCF! + +Become an FCF affiliate! Earn a stream of income of 0.1% off every transaction processed through FCFpay for 3 years upon having a merchant implementing FCFpay with your affiliate link! + +Refer your friends and family to purchase $FCF token with transactions over 1500$ and earn 1.5% of the transaction as a commission and have the new investor get a 3% refund! + +Register for your affiliate ID code here: [https://affiliates.frenchconnection.finance/?RefID=MQU8Wm](https://affiliates.frenchconnection.finance/?RefID=MQU8Wm) + +As a great cherry on the cake, FCF is launching its 2nd platform on the ecosystem! FCFPoker, Web3 poker that integrates NFTs and support cryptocurrency payments in exchange of pokerchips. The revenue will be sent in the ecosystem like all the other platforms! + +The Dev is always active and always OVERDELIVERS. + +Dev is Doxxed, KYCd and a Certik audited! + +Medium: [https://medium.com/@fcf/fcf-pay-january-4th-abd34c2d7ee7](https://medium.com/@fcf/fcf-pay-january-4th-abd34c2d7ee7) + +Telegram: [https://t.me/frenchconnection\_bsc](https://t.me/frenchconnection_bsc) + +Website: [www.frenchconnection.finance](https://www.frenchconnection.finance/) + +Payment gateway website : [www.fcfpay.com](https://www.fcfpay.com/) + +NFT Website: [www.frenchfellas.com](https://www.frenchfellas.com/) + +Contract: 0x4673f018cc6d401aad0402bdbf2abcbf43dd69f3 + +Telegram: [https://t.me/frenchconnection\_bsc](https://t.me/frenchconnection_bsc) +Why on earth would being a moderator of a sub on a website give you a power trip. You need to get your head out of your ass and back down in reality and do the right thing, step down. Don’t shit on everything everyone has contributed to this sub for your own ego trip. You made a mistake. Make it as right as you can moving forward. +Premiums are astronomical right now but for good reason. There's money to be made on this stock with theta strategies, but remember the basics. + +Do not sell naked GME calls under any circumstance. The primary reason GME is rising is because the low float is going to annihilate untenable naked short positions over time in the near future. Do not do it. We work with the clock here, not against it. + +If you're long GME and are interested in selling covered calls, cast aside your fomo completely before you do so. Don't chuck away your max gains trying to buy back in later, nobody can reliably predict exactly where the spike will/won't go. + +If you sell puts, covered or not, be sure it's at a price you're willing to buy gamestop stock for - especially if it's further than weekly. Not gme as it is right now in the squeeze, not meme gme that only goes up, but *gamestop*. There's a bit of heated discussion on how much the company itself is worth, so use your own judgment. + +Position - long 5 gme at around 63 entry, so far, wishing I'd done my homework sooner instead of brazenly calling it a pump/dump and ~~running~~ flattening lizards. + +Edit - 10 @ 82 entry, and hoping I'll get a 115c at 1/29 for just a few bucks a share + +Edit - 20 @ 87, all of the calls are too expensive for me to grab a contract + +#DO NOT SELL NAKED CALLS +Need someone from Poloniex support staff to help me out. I've been waiting for months for them to reply to my tickets. I've been a loyal customer of theirs for years and have generated / contributed a lot of profit for their website, but now I'm being completely ignored. I can't even fly to their office and visit them because I can't find any contact details. + +I need support staff to help me out. Will hand $1,000 in Ether or BTC to whoever can help me get in touch with a real agent from Poloniex. You will receive $500 when support staffs responds and a additional $500 when my issue with Poloniex is resolved. + + +Cheers. + + + +EDIT: Poloniex has contacted me and are now handling the ticket. If my ticket is not resolved within in a decent time-frame I will notify you all here by creating a new post. That said I will spread the $1000 amongst a few of you who replied quickly and presented me with good support. You will all receive free gold as well when this post is older than 4 hours. + + +Cheers! + + +I've been heavily invested in ARKK and ARKW, with more than 75% of my portfolio comprising these two funds since I started investing two years ago. I know that sounds nuts but I'm 21, have no need for the money anytime soon, and am seeking aggressive returns. I understand the tech sector as a whole as experienced a rotation, but it appears that QQQ and other tech focused funds have recovered from their dip, while ARKK and ARKW remain. Why is this? I don't see any fundamental reason as to why we should expect a long term decline in the technology industry, so I'm still holding, but I wanted to gain insight from some more seasoned investors. +Between rent, food, an endless struggle to find work and no luck filling for UI, I'm not going to make next month's rent unless I scrounge up about $150. It's pathetic that I seem completely unable to find such a small amount of money. I've looked at Craigslist and local gig and one-off work but it's a complete wasteland out there right now. Not only are far fewer of them available, but the one's that do come up have 100 people jump on them immediately because everyone needs money right now. I signed up with a temp agency, but they also warned me that not only are far fewer companies looking for temps right now but the jobs that do come up have tons of people who want them, so I shouldn't expect anything soon. + +I need tips for any random online work that can be done to scrounge up even small amounts of money. I'm talking filling out surveys, doing mindless busy work, or even writing/editing, essentially anything even if each individual task/project/job pays $5-$10. I'm hoping I can find enough that together I can hit $150. + +If anyone has literally any insights at all please let me know, thanks! + +**Edit:** I'm a little overwhelmed, I made this post, read a couple comments and then left for the day, and I came back to almost 200 comments and lots of incredibly nice DM's. I'm going to start reading through all of your comments now, but seriously, sincerely, thanks to everyone who's offering advice and help. I just wasn't expecting this and it's causing a lot of feelings on my end. It's been a really difficult few months and this is just so kind and unexpected. +It's hard finding value in this market, but there are pockets. I've been buying when the price is attractive and selling when things get a bit overvalued. Problem is some things I've sold have then exploded upwards to really crazy valuations, good companies but crazy prices. + +Will this market ever return to sanity? Is it time to just delete the sell button, buy good companies and be prepared to hold things even at crazy valuations? Hard to justify holding, but lots of sellers remorse when you realize how much gains were missed out on as valuations exploded. +I have been backing the truck up on FB these past two weeks. This is one of the stupidest steals we have seen in the market. + +Those who keep saying it’s dying, you’re insane. How many of your friends and family use Instagram and/or Facebook? How many who don’t use still haven’t fully deleted their accounts? If you say no one, I call BS and you’re just someone with a short position. Or you live under a rock and have few friends. + +To the contrarians out there, when we stand alone, that is when we know we are in the right place. Keep buying the shares from the nay-sayers and shorties. + +God Speed. +Been hearing this for a while. Apparently the most seasoned investors don’t beat the market over a long enough period, and it’s considered a great feat to be able to do so. + +So, how true is it? If you look at the average asset management firm running for 20 years, they would’ve been better off just buying S&P 500? Are all the financial analysts who work in the industry for 20+ years wasting their time by picking their favourite stocks in their personal portfolios? + +(Obviously, this is looking at overall return and not taking into account short-term strategies; not trying to make the case that all firm trading activities are worthless) +My father is 62 and he has $0 saved for retirement. He can no longer work, as he has diabetes and recently got a foot infection. His leg may have to be amputated. + +He currently lives in a section 8 style apartment with subsidized rent with his significant other. They have hit rough times, and he may have to leave their home in South Florida. His income has been 0 for the last two years, so he wouldn’t qualify for any other place even if he tried. + +He says he wouldn’t qualify for Social Security. He was an accountant by trade, so I’m inclined to believe him on this. He immigrated to America as a young adult, so I do not know if that means he overstayed his Visa, or if he’s here illegally, or if that is just the law. + +I am so lost on what I should do. I make 30k a year and live several hundred miles away from him. Whenever I have extra money I send it to him, but that’s just not enough. + +I may be wrong, but from what I understand he was here legally for some time. He was a registered accountant and a registered realtor, which seems like things he couldn’t do if he was here illegally? + +But now that I think about it, he told me once that he got let go recently (3-5 years ago) from one of his jobs because he kept giving the company an incorrect SSN. Which makes me lean towards expired Visa. I am not knowledgeable in Immigration law, so i could be completely wrong… + +Do you guys have any recommendations? I’d love to hear it. + +Edit: he’s a resident alien, thank you guys +I got offered a new job this week for doing the exact same work! + +5.5k pay rise +No commute cost (£75 a month train fare saved) +Better progression opportunities + +Not to overshare but it's been a rough year after suffering a brief stint of homelessness after my parents kicked me out, and couch surfing when I interviewed for my previous role it's been a struggle but I have a new flat now and I've managed to rebuild my savings to a healthy level and things are looking up + +I love how supportive this community is <3 +It's easy to feel like the world revolves around GME when you spend as much time as we all do reading this sub, but keep in mind, we are a very small percentage of people. Everyone will be mindblown when Gamestop crashes the global market. + +Wallstreetbets is compromised, they haven't even mentioned the Gamestop tweets over there. Mainstream media hasn't either. Nobody is even talking about or entertaining the idea of the MOASS except us. This is because it's real. If the shorts did cover the media would have came through and debunked us. Instead we have experts of financial markets doing AMAs. This is real. I know it's hard to beleive but it is. Make sure you diamond hand. + +Have a plan when this happens, maybe consider not telling anyone you were one of the 0.003% who made it big on Gamestop. Put your new found liquid in solid assets you believe in ($GME) or use it as capital to start a business. + +I love you all. It's likely when the MOASS happens this sub will flood just like WSB did. We will need a place to go so we can all keep in touch and share what we do with our tendies. Any proposals from the mods? +Yeah I know most people in here are interested in equity markets. I am also primarily interested in equities. But just for discussion I wanted to bring this up and see what people think... + +I was just listening to the Bigger Pockets podcast (a podcast for real estate investors) and everyone on there seemed so optimistic with little acknowledgement of the true situation we are in. I heard comments like: + +\- "Maybe we will see a small dip in prices over the summer" + +\- "I'm only seeing rents dropping 3-4% in my area and I don't think we'll see it go much lower for now" + +So banks are tightening lending requirements, we have mass unemployment (maybe 20% ?) , we have situations where you literally cannot evict non-paying tenants and by some counts I read we have 30% of US tenants not paying rent. I would be surprised if Airbnb hosts are getting even 10% of the bookings they were getting last year. + +Are real estate people out of touch with reality right now? I don't think enough people are preparing for the possibility that this goes on much past June. +It seems that Sam Bankman is already violating his bail release terms and conditions. + +As per his bail release, he may not transact over $1000 without approval. If he violates the terms, his bond may be forfeited - which means his parents home could be forfeited. + +Lets look at what the scammer has been upto: + +In 2020, he tweeted his wallet addresses in an effort to seek ownership control over SushiSwap. + +[Sam casually tweets his address out. ok uh](https://preview.redd.it/8e7seijnwy8a1.jpg?width=1228&format=pjpg&auto=webp&s=a88f627679cfedc94ea53519eb70afd72c96f619) + +And just to confirm he completely controlled this address, the then head of SushiSwap - Nomichef tweets that he has transferred control of Sushi to Sam. + +[Nomi: I'm transferring control to SBFAlameda now.](https://preview.redd.it/ix5d08pbxy8a1.jpg?width=1304&format=pjpg&auto=webp&s=06cb4e40082be251228cd308b8a5b18b5a25f847) + +And what do you know... this wallet was just emptied out, right after Sam got released on bail. + +Here is the wallet: [https://etherscan.io/address/0xd57581d9e42e9032e6f60422fa619b4a4574ba79](https://etherscan.io/address/0xd57581d9e42e9032e6f60422fa619b4a4574ba79) (lets label this as "**0xd575**") + +Around 0.66eth was sent out from here to another wallet, thus emptying this wallet. + +And if you follow the trail from here, the funds finally end up on a no-KYC exchange: [https://etherscan.io/address/0xa8f296def58797cc48c5e6bdc047535b2eecaeab](https://etherscan.io/address/0xa8f296def58797cc48c5e6bdc047535b2eecaeab) + +Over $50k were swapped in this manner. + +This is just in one wallet. One of the other intermediary wallet which received funds from "**0xd575**" is "**0x7386**". This wallet has recieved hundreds of thousand in the last couple of days, all of them eventually cashing out to no-KYC exchange. + +Here is that intermediary wallet: [https://etherscan.io/address/0x7386df2cf7e9776bce0708072c27d6a7135d51cb](https://etherscan.io/address/0x7386df2cf7e9776bce0708072c27d6a7135d51cb) + +The pattern is similar - the wallet receives funds, and swaps them via no-KYC exchange to launder the funds. + +This shows that the wallet that is directly linked to Sam has been cashing out. + +These are not transactions made by the Bankruptcy trustee, since any transaction they make has to be signed off by the bankruptcy court first and furthermore, they wouldnt use a no-kyc exchange to hide their trail. +Recently got hired by an automobile company that's fully remote and pays 120k. + +Should I start planning to move to cheaper state like Nevada or Arizona to make better use of my money? + +Currently live in California +I bought bitcoin. (A substantial amount) back in 2013 for $400. It ran up to $1200 before crashing down. I was mocked for not selling it. Today those bitcoin are worth $8 million. Note that I have sold a handful along the way and also covered calls but I still own 70% of my holdings. + +Edited: it doesn’t matter if you believe me. The point is not to brag but rather teach you all a lesson to listen to your own instincts, and do your own research rather than listen to friends who want to say “I told ya so”. + +My btc is in cold storage across two states and 4 locations. It’s impossible to steal or hack. The key is broken into 4 parts and spread across these locations. +In addition to that, if the dividends are indeed the better option, which is a better route between the following: A high paying dividend stock (~8%) that doesn’t grow, or a low paying dividend stock (~2%) that does routinely improve each year? I know that’s a lot, and so I thank you all in advance for your responses. +Hey everyone, I am the guy who built [senatestockwatcher.com](https://senatestockwatcher.com) \- which has been really helpful for a few people and just general public knowledge overall. + + +Well, I finally built a tool to do the same tracking and analysis for the US House of Representatives. +[housestockwatcher.com](https://housestockwatcher.com) + +The reason this took so long is that the House exclusively files their disclosures in PDF that vary wildly in quality and format, so for this project I have been transcribing every transaction disclosed. I am nearly done with 2021. I am sure 2020 will uncover lots of interesting trades. + + +If you want to help contribute to the data, you can also do that at +[https://contributor.housestockwatcher.com](https://contributor.housestockwatcher.com) + +🐒 + + +I've been landlording for 5 years and had several challenges arise but this is the first time a tenant has died. + +Long story short: House is paid for. I rent it out. Things go well first year. Covid happens and I decide to not raise rent on any of my rentals for 2 years because times are hard for everyone. The tenants at said house start to struggle and lose their employment during Covid. I start a payment plan each month and they are able to pay the rent over across 3 fees spread out over each month. They are living paycheck to paycheck. + +They suddenly are really late and miss their promise to pay. I investigate and find out the one of the tenants changes job and they are paid on different weeks. I wait an extra week and they pay everything and things return to normal. + +2 months later (now, days before Christmas) car wreck. Husband dies and other family in critical care... + +I tell them not to worry as they try to find funds for burial. I'll work with them on their rent. I really don't think they will be able pay in the future since the major "bread winner" has passed. I have a plan on what to do but I'm reaching out to all of y'all to see what you would do in my situation. + +What do you do? + +The house is paid for. Taxes and insurance continues to increase. Their are occasional issues with this house and I've already thrown away 8 months profit replacing HVAC and various appliance that wore out this year (it was expected). I'm financially okay, but have other plans for this money and this is a business, but I am by no means going to evict a single mother and her kids after losing their father just before Christmas. These tenants have rented from me for about 3 years. That's some of the background. +Bought a 6 unit building in MN for $600k in Sept 2021. It had a single long term Triple Net Tenant and the lease was through 2026. Place definitely needed work, but they were responsible for insurance, taxes, and maint. I had a lawyer review the lease and it was fairly tight. + +First 6 months was great and it was cash flowing like a beast @ $3,500 month (that’s after mortgage and minimal expenses). Then they stopped paying and refused to work out a deal. I got the lawyers involved and we have been in litigation ever since. + +Well they abandon the property and let their insurance laps due to nonpayment, though they renewed insurance for 2022. Now I have a burst pipe and loads of water damaged in my uninsured building as my own policy is only liability. I’m f*cked. + +I should have: 1) double up on insurance the moment they became an issue, 2) retake possession of the property ASAP 3) full court press legally as soon as the first payment is missed. + +^ learn from my rookie $600k mistake. Open to advice + +This is my first commercial deal, but I have done smaller residential deals previously, so no my first rodeo in REI. Just my biggest deal to date +Welcome to the Daily General 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 meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](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. + +*** + +Thank you in advance for your participation. Enjoy! + +G'day cunts, thought it'd be a fun dumbfuck discussion to see what crazy theories are out there as to what the next major Black Swan event will be that impacts the world. If we all throw our hat in with a prediction, maybe one of us will knock it out of the park and get to feel smug on the internet. + +For the cunts that need explaining, a [Black Swan Event](https://en.wikipedia.org/wiki/Black_swan_theory) (first coined in the book "The Black Swan" by Nassim Taleb) is a sophisticated wankery metaphor used to describe highly impactful events that come out of nowhere. + +To be classed as one, they should have the following three properties: + +- They are unpredictable and extremely rare. More specifically, the probability of such an event occurring is so low that there is insufficient historical data to build a meaningful probabilistic model calculating the chance of the event occurring. + +- They have a major effect on the world. Pretty fucking self-explanatory. + +- With the benefit of hindsight, dumb cunts will explain how it was obvious that this would occur. + + +One thing people get wrong about Black Swan Events is that they are *observer dependent*, AKA an event might be a Black Swan to you but not to me. Someone as autistic as Michael Burry had the foresight to go through through all the spreadsheets explaining how mortgage backed securities worked, while the investment banking world bundled the shit into a black box and sold it. The GFC was a Black Swan for them, but not Burry. + +Another minor point is that these events don't have to take place in a single moment, they can take several years to play out and still be Black Swans. + + +Some examples of Black Swan Events in the past 50 years to give you an idea. + +- The Fall of the Soviet Union (1991) + +- 9/11 Attacks (2001) + +- Emergence of Google (1998-2010) + +- The Global Financial Crisis (2007-08) + + +My one (which is pretty fucking tame), I believe the entire world economy is overexposed to China as a producer, and the Great Chinese Recession which is just starting now will lead to abysmal returns in the stock market over the next 5-10 years. Evergrande is merely the tip of the iceberg to the systemic rot in the Chinese system. Yes I'm a little late to the party in calling this a Black Swan, shout out to the guys who figured this out five years ago. + +Another one likely would be a major solar storm hitting the planet such as the [Carrington Event of 1859](https://en.wikipedia.org/wiki/Carrington_Event). I believe we haven't had one of similar magnitude since, who knows exactly how much that would fuck the world up. + +As a bit of an incentive, I'll give reddit gold to whoever comes up with the most crazy yet plausible Black Swan candidate, lets get fucking wild with it. +Baby Everdoge has crazy big plans for marketing, They are currently running PooCoin Ads and BTOK Ads will be coming within the next 3 days. + +There is also a Free Tesla Giveaway coming really soon, One lucky holder will receive a brand new Tesla Electric! Be sure to join the telegram for more information on the giveaway + +Baby Everdoge will be releasing their official white paper by tonight or tomorrow, you might want to check that out as well, The Chinese community has been waiting on the release of this to start heavily investing into this project. + +The short goal term for this project is to hit 100 million marketcap but there are real use cases involved as well for future long term goals. IDO Launch Pads and swaps are just a few examples + +This project really seems like it has a moonshot potential… I’ve seen the marketing team and how fast it is growing, it’s a team filled with very talented individuals that seem to never sleep. + +They have implemented a Kraken Buy back system to help stabilize the price when whales sells.. that system is currently loaded with about $60,000 at the moment so you don’t have to worry about the price crashing that much. + +Tokenomics: + +6% goes to Buyback Tax + +3% goes to marketing + +2% gets redistributed to the holders. + +🌏 Website babyeverdoge.com + +📱 Telegram: t.me/Babyeverdoge + +📄 Contract address: 0x06c4212ae2fea51a27a045d968e73f7e91ea5521 + +The community is always willing to help and answer any questions. This project is global so there is a sub communities for many other regions in the world. + +Be sure to do your own research though and invest wisely! +Been lurking on reddit for 10+ years. Never posted and only recently started commenting. I’ve started commenting because I’m sick of seeing bad or ill informed option spouted as facts. It is really misleading to those trying to learn and make decisions. + +For what it’s worth I’m a banker for 15+ years and have a degree in finance. I should know about these things. + +As per the title fixed rates are not a bet against or with the bank. They are a form of risk mitigation. You protect yourself against future rate rises and in return, depending upon the future expectations of rates, you’ll pay some sort of premium. + +Yes, if you had a fixed rate for the past 10 years or so you’ve paid more than what you would have if staying variable. That’s not because the bank won or you lost the bet, it’s because interest rates have trended down and are now lower then ever in history. + +There are two clear reasons you should consider fixed rates now; + +1) Rates are not going lower - they are now at 0.10% and even if RBA does negative official rates they won’t do it for a long time. Your risk to downside is relatively low. However your risk to the upside is much more. RBA can easily increase 1-2% in the future. Even if it’s unlikely they’ll raise for the next 3 years. Banks are also not passing on the latest cuts via reduce variable rates and are unlikely to do so in the future if RBA does cut again. + +2) Fixed rates are currently below variable - normally this would indicate that rates are going lower. However this is actually due to the RBA artificially intervening in the bond markets to suppress the long term rates across the yield curve out to 10years. Simply put, they are making the long term rates low. This together with the lending facility they provide to banks is allowing banks to offer really low fixed rates and still make a profit. By fixing you immediate reduce your interest cost. It will take a lot of cuts to the variable rates (refer point one - not likely and won’t be passed on) to make up for this immediately reduced rates. + +The only reason the bank wants you to take out a fixed rate and are offering attractive rates is that it locks you in as a customer and reduces the risk of you switching. They manage / hedge a lot if not all of their interest rate risk in the market. They don’t bet with you, they just want to retain you as a customer as acquiring a new one is very costly. + +If you have a large amount in savings, are going to pay off your loan etc then fixed rates for all or part of your loan might not make sense. For everyone else you’re actually risking a lot by not taking one + +Happy to answer any questions if you have any. Personally I’ve recently hedged all of my loans on 3-5 year terms. Only leaving some variable to offset my savings. + +EDIT: lots of great discussion and comments. I might have to post more often rather than just be a lurker on reddit. Thanks for the awards and comments. As I said in one of the comments, I’m not doing this to personally benefit in any way, just wanted to correct the record and help those who are learning. Fixed rates aren’t going to suit everyone and your circumstances may differ from others. But 1.99% for 4 years is a bargain in my eyes. + +EDIT: it looks like someone from the SMH has similiar thoughts... [SMH - How I got a 0.6 percentage point mortgage rate cut ... and you can too](https://www.smh.com.au/money/planning-and-budgeting/how-i-got-a-0-6-percentage-point-mortgage-rate-cut-and-you-can-too-20201106-p56c4o.html) +Tesco is to launch a major new price war against the discounters as it prepares for the UK to face a coronavirus-driven recession, The Grocer can reveal. + +The supermarket giant has told suppliers it will not allow the likes of Aldi to gain the sort of price advantage that fired the growth of the discounters following the 2008/9 banking crash. + +Tesco has held talks with suppliers to reveal it will launch a drive to everyday low pricing, with brands thrown into the mix alongside its own label armoury. + +With CEO Dave Lewis due to deliver Tesco’s first quarter’s results on Friday, the outgoing boss is to massively ramp up the price-matching campaign Tesco launched against Aldi in March, just before the UK went into lockdown. + +Whereas the first phase of the campaign was based on hundreds of own label products, with a relative handful of brands involved, Tesco has told branded suppliers they will be expected to match Aldi’s prices in the new strategy. Suppliers have told The Grocer they expect other discounters to be considered in its negotiations. + +Tesco’s plan will see the supermarket stop normal promotional activity, with all promotions driven through its Clubcard loyalty card, making them exclusive to Tesco’s 19 million Clubcard holders. Tesco has already been trialling Clubcard Prices as it seeks to ramp up Clubcard as an advantage against the discounters, and this will be expanded. + +However, the basis of the new strategy will be driven by core availability, range optimisation and a simpler store operation. + +“All investment is to go into the lowest possible retail price,” said a supplier source. “Promotions will be eliminated or have to start from the new lower price point. The message comes from the very top of Tesco and goes across the entire business. + +“Apparently there is no flexibility. So we now face a major price war. + +“I think this is going to have a huge impact on suppliers,” said another supplier. “Tesco got it wrong in the last recession and Aldi got the jump on them on price and they are absolutely obsessed with not allowing themselves to be outgunned by the discounters again. + +“If Tesco really puts the squeeze on, even companies like Coca-Cola, Nestlé and Unilever will have to respond and of course smaller suppliers. + +“There is going to be lots of very difficult conversation and plenty of blood on the carpet.” + +A Tesco spokeswoman said: “We are always working hard to give customers great value. In March, we launched Aldi Price Match, a commitment to match hundreds of Tesco products to Aldi prices.” + +Aldi Price Match has been maintained amid the challenges of Covid-19, and already includes a range of branded products along with own-label. + +While Aldi carries only a limited range of brands, suppliers expect Tesco’s new strategy to be extended to those serving other discounters such as Lidl, B&M and Home Bargains. + +“A recession is inevitable and it’s going to be a very severe one and supervalue or everyday value is going to be the biggest trend,” said a source. + +“People like Andrew Yaxley remember very clearly what happened in 2008 when it allowed Aldi to take advantage.” + +The supplier source added they believed Tesco was trying to “flex their promotional model to counter some of the key impacts of the outbreak”. + +“All retailers are struggling for cash contribution.They have all been selling a lot of low-margin products and doing badly on the high-margin. + +“This will allow them to try to set the agenda on margins in their promotions strategy.” + +The source also said the impact of Covid-19 had shown the retailer the potential to achieve further large-scale efficiencies in the supply chain, which could see a further major wave of range consolidation, on top of Tesco’s previous Project Reset. + +“The biggest impact for brands is not Aldi, it’s actually the other discounters,” said Ged Futter, founder of The Retail Mind. “The number of branded products here is substantially higher than in Aldi, with prices that are lower than Tesco. Can Tesco take on all retailers or will they just focus on Aldi? + +“Suppliers will not want to put all investment into EDLP on iconic lines as this will ensure chaos across the whole market with a race to the bottom.” + +https://www.thegrocer.co.uk/tesco/tesco-plans-major-recession-price-war-against-the-discounters/645577.article#:~:text=Tesco%20is%20to%20launch%20a,recession%2C%20The%20Grocer%20can%20reveal.&text=Tesco%20has%20held%20talks%20with,alongside%20its%20own%20label%20armoury. +For context, my wife works for small Company A (old) in California which was a subsidiary of Company B (new). She reported directly to Jim who was the founder/owner of Company A. Mike, is an investor of Company A and owner of much larger Company B, who just bought out Company A, making Jim and everyone an employee of company B. + +In a recent meeting, my wife and the other employees were advised that they would retain their same jobs/rolls, and that they are to receive and sign a letter of resignation with company A, and an offer letter with Company B. For what it's worth, Mike is know to be quite a cheapskate. My questions are, is this a normal practice? Are there any red flags we should be aware of, and/or does she have any room for negotiation? + +Edit: + +Wow, did not expect to come back on to 500+ messages and 2k upvotes. We've read through most of the comments and feel like we have learned a lot through everyone's various experiences. Wife is telling me that they'll have a meeting later this week with more information about the next steps, and feel much more prepared going forward; will keep you posted once things unfold. Thanks Reddit! + I have seen multiple threads this month on this sub regarding fraud calls. Before I begin, does anyone know if it has always been like this, or the number has picked up in the past couple months? + +So my story. I received a call from Gujarat. A woman was on the other side, she knew my name and she knew that I had an education loan with my bank. But I think that is all she knew. +Basically, my bank account was made by my dad when I was 13, and since then it has been linked to his account. An education loan was taken on my account, but the payments are auto deducted from HIS account. Even though the sum is small, he hasn't yet paid it in full because of tax savings. But the caller didn't know that. +First they asked me if I had been making payments towards the loan. I told them that I don't make payments and my dad does, and then it struck me that this was for sure a fraud call. They also said that I paid 23k towards the loan, which is way off the mark. Then they asked if my money is auto deducted, and I told them you are the bank why don't you know, and then they hung up on me. + +Even though I avoided a scam, what is concerning here is that they knew I had an education loan. Has there been a leak that I am not aware about? +UBI imho is the future it cuts out the 'administrative costs' it gives everyone regardless of your income/race/age a basic amount of money to live off. + +&#x200B; + +It stops any disincentive to work like the current unemployment benefits does - helping labour shortage + +&#x200B; + +It would allow older Australians to down size without 'fear' of losing there pension as all are eligible - helps housing crisis + +&#x200B; + +It would help get rid of poverty in our society - humanly good + +&#x200B; + +It would help those studying, completing unpaid work, training etc keep on the path till they have there career path skill set - helps skills shortage + +&#x200B; + +&#x200B; + +I dont really see a down side - AS LONG as it is a UBI for all Australians and we all benefit i support it and personally think it is a No Brainer? Pick a basic but liveable amount and increase it by CPI annually and give it to all Australians over the age of 18 or maybe even 16. - Close Centerlink forever. + +&#x200B; + +I think our current system doesnt work certain people rip off the system, certain people get more then others, certain benefits are accessible to one but not the other. + +&#x200B; + +Anyone have any thoughts? + +Edit2: After seeing a lot of “the DD is already done” and “I agree, been zen for awhile” comments, it helped me understand my real inclination for the post: Subreddit (Movement) integrity and public perception. As much as we dodge “we” etc., this is the closest thing to OWS 2.0. And it’s *actually occupying*... right where it matters: *in* the market. We have no leaders or clear credo. But we have cohesion with liking the stock and exposing how the criminals on Wall St. steal your savings, pensions, and retirement. An awakening is happening. Wall St. and their corporate owned media have 2 options or some combination of them: (1) flat out change the rules and tell the plebs to fuck off; (2) discredit the plebs and make them look “crazy.” + +We can’t control the first. We can control the second. And by appealing to our better nature (DD and education, rather than tabloid posts), we do all we can to discredit their spin. + +And so, while I think the DD is never done (even though there has been a lot already), and that being Zen is key... just peacing out hurts the image of the Hodlers because the vocal Minority takes over... much like how the vocal Left and Right on social media make their entire parties look ridiculous. The MSM won’t refer to any of the DD (because it would make us look rational and sane), but, if weren’t not careful with what we post and upvote, they will report on tabloid-like posts to depict us as nutjobs. + +—————— + +**TLDR**: +Our best contributors have left us or gone bravosixdark and the sub has been devolving. This has been happening since Autumn 2021. And has coincided with the GME drop. I fear that the growing chaos and divergence from the sub’s roots is the bigger FUD than any individual assertion/theory/etc. + +There was a time when DD littered the front page... + +...When you’d wake up in the morning and check the sub to see if Criand, Atobitt, HomeDepotHank, Leenixus, GlassCastle guy, Yelyah2, or any of the great DD contributors had posted some juicy new anaylsis of what’s been going on the past year. + +...When dank memes, songs, and well-developed montages pumped you the fuck up. + +. . . +Now? + +The current top voted post on the front page is about a raging hedgie and his smoothie. The connection to the stock? None. + +Anything that isn’t “MOASS/moon tmrw” gets downvoted, even if it is still in favor of the stock. + +Some of the top voted posts of the past few months? The “This is...” posts with a picture of people we already know about. MayoForceOne tracking. Tabloid. Sensationalist. Easy to spin as “culty/conspiracist.” + +The ongoing battle between options and DRS, and whether either is FUD. A false dichotomy? Yes. Stamped out in the raucus that is the debate is the idea that we should be getting back to the DD and giving new apes stuff to digest. Purple donuts mean nothing to them who don’t understand why to hold the stock. + +In sum, +I fear that whatever hedgie hired psychologist team is on the job knows that it is not any particular idea or theory that is the most effective FUD... but the deterioration of a cohesive society. Look at how your own country is divided by any number of given issues... it’s not your neighbor’s differing political views on a particular topic that FUD’s you about the future of humanity... it’s the amalgamation of all of the differing views and the fights over them, and the overall feeling of a disjointed and scattered fabric of society that can only be described as “chaotic.” + +This sub is there. And I’m sure it’s why many here have peaced out or gone dark. To avoid the shills/bots slamming them for contributing good DD or data (thinking of Yelyah and Leenixus, among others). To avoid ignorant apes for slamming them, even if the ignorance is innocent. To avoid the growing appearance that this sub is becoming a slamfest on anything FinancialSystem, rather than about the Stock. + +I hate the current system too. Since the days of Ron Paul, I’ve believed that the number one threat to Our future is the financial system and that we need to EndtheFed. + +I’ve loved seeing a growing collective conscience regarding the fed and the system and the threats they pose beyond a surface level “they’re fucking us.” +But we need to keep sub about the stock and educational, and not tabloid (ie. Hedgie rages with a Smoothie). New apes are counting on that. Current apes about the stock are as well. And I’m sure the Finance-owned Media loves to see us appear more and more “conspiracy” and “cult” minded. And it’s easy to spin it that way when we tabloid-esque posts keep being the most upvoted, as opposed to educational and data-driven DD. + +Edit1: this post was a spur of the moment rambling prompted by bankerSmoothie, and has gotten way more attention than I thought it would. BankerSmoothie was the straw that brike the camel’s back for me. What has been my deepest concern is the ghosting by our great DD contributors. You don’t know what you had until it’s gone. And these apes were doing it for FREE. Yelyah2’s data and modelling and the berating she’d get if the data was bearish... why does anyone care if you like the stock? Data is data and we’re here to learn and observe in real time. Leenixus and his DD. I watched as apes/shills/bots chewed him out, and he basically said “fine. Not wasting my time doing this just to grt chewed out. Peace.” And many of the DD writers don’t even have accounts anymore (Hank) or are bravosix (Atobitt). Hell, even Criand pokes his head in only once in awhile. Or Possibly6 and his Elliot Waves. And the chewing out he’d get (he was right BTW. Missed the bottom by ~$6). They leave because they get bitched on after doing so much for Free. Let’s get back to loving our DD contributors. + +The post is not meant to say we should prohibit fun and laughs (you’ll note the dank memes etc I reference with nostalgia). It is only meant to have us refocus on the educational and rational as the rule. And even the fun as the rule. But never the trash, low-effort, or forum sliding. +*I hope this post fits this community!* + +I am 31 years old and have wanted to move to the United States, especially Texas, for a long time. It's a childhood dream, and I want my children to grow up in the United States. I don't have children yet, but they are firmly planned. + +I have a dual citizenship already so I'll have a triple in the future. + +Please don't start with "Why would you move to the States, Europe is a lot better?" etc.... My personal disadvantages are outweighed by any advantages. + +For the majority I'm not actually FIRE'd (who is?), but I am fat and I parted ways with my original company just before covid hit so I could go after my actual passions and go after my own schedule. Personally I'm pretty sure I'm fatFIRE'd but for a lot of people my passion looks like work to them so they don't see it as retired. + +I do VC with a group of people I got know the way along, I'm a BOD in four companies in Switzerland and manage about 80% of my own assets. These companies in Switzerland don't need me personally, we do everything with Zoom or Teams nowadays. If I'm needed, it's no problem for me to fly over or send someone to solve the problem or whatever. + +30% of my properties are managed by a company in Switzerland, the other 70% are already managed by my family's private company. I have sold a few units in the last 1.5 years and I am thinking about getting real estate exposure in the States. Real estate is a smaller part of my net worth so it doesn't matter that much, but I still like it as a hedge for worse crises, thats why I would love to have exposure near me in the States. + +Of course, since I plan to come to the U.S., I'm already talking to other VCs and entrepreneurs in America. All of my VC investments are alpha and not beta at all, my beta is very well suited for raising a family - So I shouldn't be a problem for the USCIS or IRS. + +So my question is, is it easy to move to the US as a HNWI, become an American, get involved in the business world as an investor and advisor, and buy some real estate for rental purposes? + +At the moment I have no family office but I'm planning to establish one. That shouldn't be a problem if its domicile is in Switzerland? + +I'm already in conversation with an expert but I still want to hear some other voices and their advice! + +Thanks a lot for your help in advance, I really appreciate it and happy holidays! + +I was checking my trust wallet balances and found out I hold one token called $ONE, and no, I’ve never bought it. Doing some research I came across this marketing strategy: + +Their aim to become the most decentralized token, and to achieve this they will be distributing 1 $ONE token to 1,111,111 holders (I’m already one of this group) + +How they do this? +$ONE team has developed a cutting edge mechanism to automatically distribute tokens to active BSC holders. The aim is to reach 1,111,111 holders using this tool in order to attract as many investors as possible. People who receive the reward tend to become loyal project supporters and hold $ONE for the long term. + +There is more!! + +They announce HUGE DAILY $ONE GIVEAWAYS +As the team holds a marketing wallet, they will use part of it to do daily giveaways for the top 1,111 holders of the token. + +Actually $ONE is really Safe +- Liquidity locked for 5 years +- Ownership renounced +- Contract verified +- Audit requested to TechRate + + +Token distribution: +Total Supply: 11,111,111 $ONE +- 30% Burn Pool +- 10% BSC holder Distribution Pool +- 55% Pancake Swap Liquidity Pool +- 5% Initial Marketing Pool + + +Tokenomics +10% tax on every transaction +- 4% distributed to holders +- 4% added to liquidity +- 2% to marketing wallet + +Not only I receive 1 $ONE out of nowhere and they do daily giveaways but also $ONE sends tokens to holders from the 4% transaction tax every time someone buys or sells. + +Telegram: https://t.me/one_token_community + +Website: https://onetoken.live/ + +Buy on Pancakeswap: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x01eaedd1BC5F8198D174532Aa13BA150653E0E11 +I feel like with /u/deepfuckingvalue being positioned as the figurehead of the $GME movement and the 'if he is still in I'm still in' crowd that some people may feel betrayed if he decided to sell his whole position and take profits. + +Just remember that when DFV was buying $GME at prices as low as $4 per share he wasn't signing up for the 'diamond hands never sell' club and he never got into the play for reasons like smashing hedge funds, curing cancer etc. That stuff has all come about from us and people jumping on the bandwagon. + +WSB before this crazy week that has changed the sub forever was all about taking on risk to try and make money fast. DFV has achieved that on a scale we haven't seen before and if he decides to take profits we should support him doing so and not get upset that it may affect the price etc or say he betrayed a cause he never signed up for. + +If you've watched the guys youtube you will know he's an extremely nice and likeable guy, would hate to see people calling him judas or whatever if he decides to sell. +Up until a few weeks ago, I was working for minimum wage - making about 30k/year before taxes. With student loans, insurance, groceries and other expenses, I wasn't left with much after paying all of my bills. I recently landed a 50k job and I was pretty happy at first. The thing is that it's a pretty decent salary to me but I was always told growing up to not end up as a "bum" earning a middling 50K, so in that sense I still feel like a horrible failure. I guess my question is, how much do most people my age make? Should I be feel comfortable with this salary? +Hello, I am an 18 yo male currently living in CT. I have been a hard worker my whole life, however the hours that my minimum wage job asks for are simply too inconvenient for me, as I work on YT full time. So I was wondering if there is any real way to make say, 40 bucks a day working from home. (Or working on my own hours, pretty much anything I could be self employed in) + +Any and all advise is welcome, as long as it's practical. (You know what I mean, no get rich quick baloney) + +Thanks a million guys! + +-Nate +Hi all, been reading your posts for a while. My mom is 55 and has no savings or retirement accts. I have no financial knowledge on how to help her. What kind of acct can she open to start earning something for the next 10years? I hope its not too late. Last year she earned 10k and this year she is back to full time work. Thank you for your suggestions! +He even lifted my option chain screensgrabs. You can tell by looking at the URL of the June 11 and June 18 option chains images in his video. He even mischaracterized my DD because it wasn't just Blackrock and Citadel that loaded up on $HYG Puts. + +Here's my DD from 8 days ago: [https://www.reddit.com/r/Superstonk/comments/ns7k6q/could\_gamestops\_liftoff\_unravel\_corporate\_junk/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/ns7k6q/could_gamestops_liftoff_unravel_corporate_junk/?utm_source=share&utm_medium=web2x&context=3) + +https://preview.redd.it/h840lrhlj1571.png?width=1484&format=png&auto=webp&s=efc8437f52eeb06845153024211cacee8e487af7 + +And here's his YouTube channel: [https://www.youtube.com/watch?v=YW554gS1fWs&t=1s](https://www.youtube.com/watch?v=YW554gS1fWs&t=1s) + +[Check the URL ... he's showing the image from my DD.](https://preview.redd.it/y6xgpn1rj1571.png?width=1962&format=png&auto=webp&s=d97849bb0208cb5bc5eec0c38e05b281e0cc3e70) + +Anyway, not cool. Not cool at all man. + +.......... + +Edit #1: Wow everyone ... I stepped out for a few hours to grab brunch with the family, and come back to find this. Thanks for having my back, everyone! What a true shrewdness we have here on r/Superstonk! + +When I first saw this guy's video I thought, oh cool. But then I thought, I better leave a comment so everyone knows the source of this, and also because there is a bit more to the story and data than what he was presenting. But when he deleted that comment, and another, and another, that's when I felt what he was doing wasn't a harmless oversight, but deliberate theft, and I felt compelled to surface the situation here. Glad I did. This community truly is the best! + +I've tried to upvote and respond to as much as I can, but the response has been overwhelming. + +............................... + +For my next DD, I'm working on something I hope everyone will appreciate. We all know the 55MM proxy votes reported by GME's wasn't the half of it (or maybe even the 1/10th of it). I have a bit of a background in consumer research, so I decided to use that knowledge and some of the same tools to put together and conduct a very simple single question survey using a third-party consumer research platform. I've been serving the question up to a randomized set of 300 U.S.-based adults over the past few days (don't worry, this surveying is totally anonymous, totally disconnected from Reddit and this community, and is being managed programmatically). Ideally I'd want something like 1,500-3,500 samples for something like this, but even with my eventual sample size of 300, the margin of error is going to be sub-6%. + +I'm including this here because I've posted on this a few times over the last few days as the results come in, and everything has been downvoted something awful. I just have to believe this community would not only be interested in such research, but I also feel this community deserves some hard data around this question of share ownership. + +I'm presenting the results in progress below, but I want to stress a few points: + +• 300 sample size provides some solid insights, but the ideal sample size would be 1K or more (although once past 500-600, the margin of error doesn't move much) + +• Capping the highest response buckets at 101 shares owned ensures an underestimation (this is deliberate ... I'd rather err on the side of showing the tip of an iceberg with high confidence than show the whole iceberg with low confidence) + +• As you can see in the Bias Tables, the 55-64 age group is over-represented, and the 25-34 age group is underrepresented. This wasn't intentional like the question/answer structure, but I'm this particular bias is resulting in a more conservative results versus more representative sample ... in other words, I bet a lot more 25-34 year old own $GME than 55-64 year olds. + +• I am not done ... once I have the full 300 response, I will share with the community my tool, methodology, and costs. What I'm using is pretty inexpensive and accessible to everyone. If anyone else is interested in generating their own data set (both to validate mine and to hopefully add to mine to bolster the sample size), that would be great! + +• Before anyone starts to crap all over what I am doing here, please be prepared to present your better idea for building some reliable datasets around GE ownership. As far as I can tell, this is the bet and only attempt at gather third-party, unbiased data around U.S-based $GME ownership + +Here's the data I've collected so far: + +https://preview.redd.it/8f7z76bn13571.png?width=2484&format=png&auto=webp&s=15a7eaa3a8dd20bf40f55a44ffef35adbd7aa410 + +https://preview.redd.it/2698h0xn13571.png?width=2766&format=png&auto=webp&s=a1edd0b61f727b4aa3802b36cffec9c678a979d1 + +Again, I am still collecting another 79 samples to get to 300. But as things stand (mind this is still a pretty small sample with an margin of error of \~6-7%), this data seem to suggest GME ownership among U.S. adult population is 5.9% with an average of 28.15 shares. There are 209MM adults in the U.S., so based purely on this limited data set, it looks like U.S. retail investors could own a minimum of 347MM shares. Remember, I capped ownership at 101 shares to be ULTRA conservative, so the number could be much higher. In other words, the two individuals who checked "101 shares or more" could have thousands or tens of thousands of shares, and those wouldn't at all be accounted for. This is very intentional. I'm trying to show that even the tip of the iceberg far exceeds the total number of outstanding shares, and I think this data does this pretty convincingly at this point. + +Add to this individual foreign investors, insiders, RC Ventures, institutional, etc. and it's very clear there are a metric fuck ton of synthetic/fraudulent (or whatever you want to call them) shares floating around. We all already knew this, I'm just trying to build something to define this with unbiased data and hard numbers. + +If you're interested in this research, please follow me and keep an eye out for this new DD. + +Edit #2: Since comments are closed, if the DD idea outlined above is something you support, please visit this older posts about this and let me know (the initial reception of the idea was pretty bad, and you can see by the 0 Upvote count): + +[https://www.reddit.com/r/Superstonk/comments/nxmkp4/still\_collecting\_data\_shooting\_for\_n300\_us\_adult/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/nxmkp4/still_collecting_data_shooting_for_n300_us_adult/?utm_source=share&utm_medium=web2x&context=3) +My parents will require me to leave home as soon as I graduate from high school. Included with this is the requirement for me to support myself entirely. However, I would like to go to the state university. +Some relevant details: + +1. The state school would cost me ~20k a year after the merit-based scholarship I will receive from the school itself and financial aid. This price includes housing, tuition, books, and food. I would need to find somewhere to live during summer, though. + +2. It will only take me 6 semesters to achieve my degree because I have taken prerequisite college courses online. + +3. As of right now, I am about to finish my Junior year and have a part-time job where I average about 20 hours a week, however, there are no extra hours available. + +4. Senior year I will be getting out of school early (about noon), so I could get a second job and work full time. + +5. The way my state/university is laid out I will more or less need to buy a car, so I intend to buy a used car at the end of summer (I have about 2,000 saved right now). + +6. My grades (top 5% of class) and test scores are good (99.5 percentile) however I am not eligible for need-based scholarships. + +Which leads to my questions: + +What actions should I be taking now in order to prepare for what's to come? + +Is it possible for a teenager to get a job paying more than minimum wage, if so how and where? + +What can I do to lessen the costs of college (I've taken all 100 & 200 level courses at community college already so it is not possible for me to go to community college first)? + +What are some costs I should be prepared for? + +And finally any other general advice? + + +Thank you in advance for any help you all provide. + +Edit: Major in Computer Science & I am definitely open to moving states +>Aditya Puri, managing director and chief executive officer of the country's largest private sector lender HDFC Bank has sold 95% of his stake valued Rs 843 crore in the bank this week. According to insider trading data published by the stock exchanges on Saturday, Aditya Puri has sold 74.2 lakh shares of the bank between July 21 and Jul 24. Before this transaction, Puri held 77.96 lakh shares or 0.14% of banks equity capital. + +[https://economictimes.indiatimes.com/markets/stocks/news/aditya-puri-sells-shares-worth-rs-843-crore-in-hdfc-bank/articleshow/77178810.cms](https://economictimes.indiatimes.com/markets/stocks/news/aditya-puri-sells-shares-worth-rs-843-crore-in-hdfc-bank/articleshow/77178810.cms) +According to Bloomberg, FTX US donated to a super-PAC battling for Senate control in the midterm elections only days before the company’s demise. + +Crypto companies have **become a big participant in the** **2022** **election** **season**, with industry players giving **$84.1 million** **until** **mid-October as Congress considers laws regulating digital currencies**. + +However, the majority of that money, **84% ($70 million)**, came from Bankman-Fried and other FTX executives. House and Senate committees have scheduled hearings on the firm’s demise for next month, with **Bankman-Fried** as a possible witness. + +The **Senate Leadership Fund**, which is aligned with Senate Republican Leader **Mitch** **McConnell** and was the top spender in the 2022 midterms, received the **$1 million donation on Octorber 27**, according to its most recent filing with the **Federal Election Commission**. + +The contributor listed on the **FEC** donation report is **West Realm Shires Services Inc.,** and **FTX US** is its commercial name. + +FTX US also gave **$750,000** to the **Congressional Leadership Fund** and **$150,000** to the **American Patriots PAC**, both of which supported House Republican candidates. It gave **$100,000** to the **Alabama Conservatives Fund**, which backed \*\*Republican Katie Britt’\*\*s successful run for the state’s open Senate seat. + +Individual executives at the broader FTX company have given far more money. **Bankman-Fried** emerged as a major donor to Democratic candidates leading up to the **November 8** midterm elections, donating most of the **$39.4 million** that he gave to them, **FEC** records show. One of his top lieutenants, **Ryan** **Salame**, gave **$23.6 million** – mostly to Republicans. + +XRP lawyer **John Deaton** stated that FTX could approach those who received funds from it **90 days before it filed for bankruptcy**. This could mean that all political beneficiaries of SBF could face preference claims. + +While several members of Congress, including Illinois Senator **Richard Durbin**, a Democrat, and Republican Representative **Kevin Hern** of Oklahoma have said they would return donations from FTX executives or give the money to charities, there isn’t a requirement in election law for committees to return donations to companies that go bankrupt. + +Source: [https://news.coincu.com/146765-ftx-us-donated-70-million](https://news.coincu.com/146765-ftx-us-donated-70-million/) +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. 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I’ve built a small application that just plots out the data that companies are required to file with the SEC (10k/q) over the past 10 years. + +Peter Lynch says you should invest in companies you believe in and know well, and Buffet says those that exhibit solid balance sheets and consistent earnings. + +Over the past 10 years, Intel’s assets, sales, free cash flow, eps, have all gone up and to the right. They don’t carry a lot of debt. They are investing like crazy into their business. + +Seems like even more of a no brainer than it was two months ago, when it was already a no brainer. Short term there’s probably gonna be more downside because Mr. Market’s a sad boi, but like shit. I’m having a real tough time not buying more. Tomorrow I might just do it. + +Edit: mis-represented lynch and buffet +Hey everyone, I hear a lot of you say "new to investing" to beginners and I wanted to understand or see if any of you could define your idea of new vs. experienced in a bulleted list, or something. I consider myself new, and I read balance sheets and look at competitors in similar sectors of an investment in interested, etc. But I may not have developed the right instincts yet (in fact I know I haven't). Could you help me understand the steps it would take to be considered an expert investor, with the aim of someday getting a "this is the way" comment? + +P.S. I always want to add that I love this subreddit... So I will. +A transfer from broker to broker must be completed in 3 days under Finra rule 11870, putting more pressure on the PFOF broker’s margin and leverage. They can’t stall and buy time like they are with DRS requests. We should all know by now that PFOF brokers ARE NOT our friends. They are trying to fuck with DRS as much as they can, don’t let them. Initiate the transfer on Fidelity's side to give them NO WIGGLE ROOM. + +**E-Trade, TD Ameritrade, Ally, Webull, Tradestation, Vanguard and Schwab** have all been implicated and reported as delaying DRS and fucking around. + +Already 'started' DRS with your shit broker? Likely they haven't begun it and cancelling it won't matter, even if they have they can not be trusted for a good timeframe or trusted in general and DRS with Fidelity will be faster and punish the shit brokers & you should be thinking about changing broker anyway. Many apes dont even bother cancelling their DRS reequest they just start the Fiedlity transfer on Fidelity side and fuck them hard and fast. + +If Fidelity doesn't receive shares in due time they can buy the shares themselves at whatever cost they want and send the bill to your shitty broker once the transfer goes through and they need your shares to DRS + +This slams the PFOF broker as they either have to give Fidelity some of their limited supply of real shares or are forced to buy them now or get a FAT bill from Fidelity putting pressure on their balance and risk levels AND they lost a customer. + +From there Fidelity have the fastest DRS times and they have gained a happy customer and damaged a competitor and the DRS train to full float starts moving faster. + +If this information stops being suppressed and enough apes learn why to do this then the DRS train picks up speed and 741 comes along quicker + +741 - US Code that pertains to Broker-Dealer Liquidation and Bankruptcy. These brokers will crumble and be liquidated and the first BIG dominoes towards MOASS will fall. + +GET out of these AT RISK SCUMMY PFOF BROKERS and make your shares REAL and under your name. Speed the process to DRS up and send a big FUCK YOU to your PFOF brokers by transferring to Fidelity first and then DRS. + +Shills love to downvote this topic. + +Full DD on this: [https://www.reddit.com/r/Superstonk/comments/q5t3c9/important\_drs\_info\_if\_you\_use\_a\_pfof\_broker/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/q5t3c9/important_drs_info_if_you_use_a_pfof_broker/?utm_source=share&utm_medium=web2x&context=3) + +For Euro and International Apes you can do similar on IBKR use a FOP transfer to do it though cause otherwise they have a 30 day wait for ACAT transfer. + +Not Financial Advice. I’m REDACTED + +Largely a repost with some additions to keep this info front and centre in the sub after the SEC report (understandably so) distracted us for a bit. +credit u/anashel: + +"Why is this not fucking glued to the top of r/superstonk is beyond me. [https://web.archive.org/web/20211028000950/https://github.com/Loopring/loopring-web-v2/commit/de1601d253991fd4c493a8d5629c02c7d38b5e23](https://web.archive.org/web/20211028000950/https://github.com/Loopring/loopring-web-v2/commit/de1601d253991fd4c493a8d5629c02c7d38b5e23) \- this (line 74 from api-wrapper) clearly show the loopring nft bridge with nft.gstop-sandbox.com. While this one [https://crt.sh/?id=5538535675](https://crt.sh/?id=5538535675) clearly show not only the nft.gstop-sandbox.com, the underlying api existence but the domain SSL ownership to Gamestop. That’s it. Thats the game. GG. This will be the first large scale token support by a public trade company with over 42 million customers across 4 816 store worldwide. Forget about retail adoption of bitcoin: what they are about to delivered is fucking nuts. Thanks to u/kyytes and all the other ape who dig it out… three days ago and got five freaking upvote." + +EDIT: + +While I advise you to keep your tits jacked, you may want to un-jack them ever so slightly. I didn't know this and no one else has mentioned this— I feel this comment from u/kuilin is important and should be discussed: + +Link to comment: [https://www.reddit.com/r/Superstonk/comments/qnrmxx/comment/hjiq8cc/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/qnrmxx/comment/hjiq8cc/?utm_source=share&utm_medium=web2x&context=3) + +"As a programmer, while I agree that many signs point to GME and Loopring working together, **this link in particular is not evidence**. + +It clearly says on the top of the linked github page: + +>This commit does not belong to any branch on this repository, and may belong to a fork outside of the repository. + +Pay attention to this. Anyone can put anything on a page like this and have it *look like* it's from Loopring. Sure, this could be a commit that they added and then deleted (a web archive of the commits page of the master branch would prove it), but it also could be some random commit made by someone completely unassociated with Loopring or Gamestop. + +Edit: Here, I just made this to demonstrate what I'm talking about. Have a look at this: [http://web.archive.org/web/20211106062439/https://github.com/Loopring/website/commit/7be6b885b28012636099497eafbcf5e81ada2900](http://web.archive.org/web/20211106062439/https://github.com/Loopring/website/commit/7be6b885b28012636099497eafbcf5e81ada2900)" + +&#x200B; + +EDIT 2: + +u/kuilin has made a separate thread to discuss this topic. While he thinks it's more likely that this *is* real code from Loopring, it would be possible for someone to upload this themselves. He demonstrated this in the edit to his comment I posted above. There's a lot of real code here and only a bit of it mentions GameStop, lending to its likely authenticity. + +Link to thread: [https://www.reddit.com/r/Superstonk/comments/qnuood/about\_the\_recent\_github\_leaks\_its\_very\_easy\_to/](https://www.reddit.com/r/Superstonk/comments/qnuood/about_the_recent_github_leaks_its_very_easy_to/) + +&#x200B; + +EDIT 3: + +This is a fascinating post from u/OneTinker dissecting this code and looking at what it actually does: + +[https://www.reddit.com/r/Superstonk/comments/qnupkm/complete\_dissection\_of\_the\_leaked\_code\_from/](https://www.reddit.com/r/Superstonk/comments/qnupkm/complete_dissection_of_the_leaked_code_from/) + +&#x200B; + +EDIT 4: + +My personal opinion after reading lots of comments: + +I'm no coder, but if someone *did* fake this, they went through a ton of effort to make it look legit. u/OneTinker's post dissecting the code and its functionality has done a lot to convince me that this is *not* the case and that this code is from Loopring. + +Matt Finestone was head of business at Loopring and is now head of blockchain at GameStop. He left to work on a "once-in-a-lifetime" project that he couldn't talk about for some months— a project in the Ethereum space ([https://matthewfinestone.medium.com/thank-you-loopring-16993766c200](https://matthewfinestone.medium.com/thank-you-loopring-16993766c200)). GameStop is clearly working on something involving NFTs. Loopring has publicly said they'll be launching an NFT marketplace with a to-be-named partner in Q4 ([https://medium.com/loopring-protocol/loopring-quarterly-update-2021-q3-bd083d94ca17](https://medium.com/loopring-protocol/loopring-quarterly-update-2021-q3-bd083d94ca17)). GameStop would *need* something like Loopring to make mass adoption of NFTs possible. Vitalik Buterin, founder of Ethereum, has publicly said Loopring and zkRollups are the future of Ethereum ([https://www.youtube.com/watch?v=XW0QZmtbjvs&t=4267s](https://www.youtube.com/watch?v=XW0QZmtbjvs&t=4267s)). And as someone pointed out in another thread, Loopring is almost certainly aware of these rumors about their code and GameStop— if they *knew* this was a bad actor posting the code, it would be in their best interest to deny the rumors publicly and maintain their credibility. + +If the simplest explanation is the most likely, then I say this code is legit from Loopring and we have an announcement to look forward to in the next 7-8 weeks. + +🚀🚀 +I'm 25 years old with 80k in stocks. Spread out between growth and dividends stocks. Plan to put at least 1k-2k a month in till retirement +Everything you read says at my age you should be in growth stocks but I have a weird obsession with dividends. +My question is in 30-40 years am I going to regret not going into growth only stocks? Or do dividends compound enough to make me rich as well?... +Hi everyone, + +A little backstory: I grew up with immigrants parents, both work minimum wage jobs, and this past May I was the first person in my family to graduate from college. I recently landed my first adult job and will be earning more than both of my parents ever have. + +In my culture, if I don’t take care of my parents I’m viewed as a disgrace. I want to support my parents, but I also want to establish a support network for myself so that I can break the cycle of poverty. However, now my parents are constantly asking me for money (rent, bills, home restoration, etc). I don’t live at home. Although I’m earning more money than them, it’s not enough for me to become the literal backbone of the family. How do I establish boundaries without feeling guilty? I want to spoil myself since I’ve never had much to my name but can’t live with the idea that my parents are slaving away at their minimum wage jobs while I’m financially independent. For anyone who has been in this situation, what have you done? + +Thanks! +There’re so many possibilities browsing through my architect’s portfolio. Some ideas seem nice, but it’s unclear if I’d use them. I’d like to get a sense for what features you chose and what you think of the choices after living with them. + +Examples: +Media room +Wine cellar +Sport court (squash and basketball appear most common) +Indoor pool/hot tub +Sauna +Garage car lifts +Gym (This one I’m fairly confident I’d use as I currently have an office converted to a gym) +Bouldering wall +Basement bar/rec room +If you haven't been paying attention, there's been some interesting developments in RC's other investment: BBBY. Over the past week, BBBY went from about $11 up to $30 and now dropping back to $12 (AH today). What's going on? + +[Buckle Up all around](https://preview.redd.it/sdu4j0ocfji91.png?width=2398&format=png&auto=webp&s=6b4210e75b2b96676110235e616e405ea2ae7a75) + +**What if RC just played 69-D Chess turning the tables on Citadel and SusQ with a reverse Uno?** + +Two days ago (Aug 16), we saw that [Citadel and Susquehanna are big shareholders in BBBY](https://www.reddit.com/r/Superstonk/comments/wpwppp/citadel_and_susquehanna_are_big_shareholders_in/). Citadel and Susquehanna *went net long* on BBBY probably because RC was heavily invested in BBBY when it had over 100% short interest which is *very deep* into Short Squeeze territory. + +**The short positions were never closed** \-- the shorters (e.g., Kenny, Citadel and SusQ) used swaps to shift the short risks to people who were supposed to get *wrecked* when BBBY squeezed. Kenny, Citadel, and SusQ *set up bag holders to fail*. Probably teacher **pensions** ([Ken takes ZERO accountability again. Puts all the blame on retail investors for bringing down Melvin and stealing the pension funds of teachers!](https://www.reddit.com/r/Superstonk/comments/ut71as/ken_takes_zero_accountability_again_puts_all_the/) and [MOASS Confirmed by Ken Griffin](https://www.reddit.com/r/Superstonk/comments/v26rya/moass_confirmed_by_ken_griffin/) and [OCC Filing of Advance Notice Expanding Non-Bank Liquidity Facility Program \[to destroy pensions\]](https://www.reddit.com/r/Superstonk/comments/w7zy4c/occ_filing_of_advance_notice_expanding_nonbank/)). + +MSM and Wall St have been attacking Ryan Cohen for his BBBY position. Interestingly, we find out today that [RC sells his position making some fat cash](https://www.sec.gov/Archives/edgar/data/0000886158/000092189522002496/sc13da313351002_08182022.htm) ([SuperStonk](https://www.reddit.com/r/Superstonk/comments/wrtqb4/rc_officially_sold_towel_stock_sensing_big_buy/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)). Now, RC can't be blamed for a BBBY short squeeze. BBBY hasn't squeezed yet and *he's out.* + +On this news, BBBY stock tanks down to $12 AH. Remember who just went long? **Citadel and Susquehanna** \-- their long positions just took a nosedive off a cliff. + +**Now what?** + +Remember those bag holders Citadel and Susquehanna aimed to wreck with swaps? Swaps work both ways. **They just got a huge windfall in profits!** Citadel and Susquehanna need to pay up and close those swaps that were supposed to wreck the bag holders. The targeted bag holders just got a lesson in understanding who they're trading with before signing on the dotted line. + +**TADR: Citadel and Susquehanna just got wrecked** + +* RC just played 69-D Chess making bank off BBBY *before* it squeezes. (Remember how Burry gets visited by the FBI and audited by the IRS? RC probably would like to avoid some of that.) +* Citadel and Susquehanna went *net long* BBBY two days ago (Aug 16) so they were primed and ready to profit off a squeeze where they would pin the blame onto RC *who's now out*. Their long positions just nosedived off a cliff. **Guess who needs liquidity now???** (Hint: [Citadel Bonds rated one step above Junk status Baa3. Can’t make this shit up.](https://www.reddit.com/r/Superstonk/comments/wqtvie/citadel_bonds_rated_one_step_above_junk_status/)**)** +* Citadel and Susquehanna set up bag holders (think *pension funds*) for the BBBY squeeze. Except with this drop, the swaps are handing the bag holders fat loads of cash *from the people who tried to screw them*. +* The short interest is still out there. The shorts never closed. Assuming the targeted bag holders get smart real quick, they'll get paid out leaving Citadel and Susquehanna to be net short again to take the fall when BBBY squeezes.  +* RC, being out of BBBY, can't be the scapegoat for the eventual BBBY squeeze. + +Obviously, Citadel and Susquehanna now just lost a ton of money which makes it real hard for them to keep their GME short game in play. + +EDIT: Add link to [rc officially sold towel stock.. sensing big buy order coming, 🚀](https://www.reddit.com/r/Superstonk/comments/wrtqb4/rc_officially_sold_towel_stock_sensing_big_buy/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +EDIT 2: "**The short positions were never closed."** The BBBY squeeze is not yet squoze. + +Buckle up! 💎🙌 + +EDIT 3: Emphasize teacher pensions with links. + +EDIT 4: [Financial Times: Ken Griffin’s Citadel Securities borrows $600mn as trading revenues surge](https://www.ft.com/content/f3206b39-0cd9-4956-8a87-f5b2f85025ea) courtesy of u/Longjumping_College's comment Citadel needing liquidity + +EDIT 5: [RC Sold 2 days ago (Aug 16 and 17), price crashed yesterday (Aug 18)... After hours. It's all smoke and mirrors](https://www.reddit.com/r/Superstonk/comments/ws58at/some_clarity_rc_sold_2_days_ago_price_crashed/). And BBBY's CFO sale has been planned since April ([Guess who else sold this week? The CFO Gustavo Arnal. PLOT TWIST he decided this in April](https://www.reddit.com/r/BBBY/comments/ws26r2/guess_who_else_sold_this_week_the_cfo_gustavo/) and [Something big is brewing](https://www.reddit.com/r/BBBY/comments/ws0mzy/something_big_is_brewing/)). + +**Timeline:** RC bought in March and gets in with BBBY. Just as how GME sold shares during the peak SLR periods, BBBY's CFO learns from RC and plans a sale in April for the peak *earlier this week*. + +**This has all been** ***expected***. The dump occurred *after* RC sold based on MSM which now paints MSM as the manipulator. To top it off, this all seems like *magic* to anyone at BBBY which is great for building **trust** between RC and BBBY. **Lots of money just flowed** ***out*** **of Citadel and Susquehanna** \-- both heavily short on RC's main investment, GME, and in need of liquidity. +Some humor in the title there but the question still stands. Im a fairly young guy making a decent salary and i have been dreaming about getting into this business since i was a kid, and i just want to do it right. Im aware that it’s a journey but if someone who is experienced and been through things has the willingness to speak some wisdom to some knuckle head kid with too much money for his age. That would be priceless. +It appears the prevailing wisdom for theta profits is to sell -.30 delta 30-45DTE puts and close them for 50% of the total premium to minimize gamma swings closer to expiration. + +How did this 50% number come about - Is there mathematics behind it or just a conservative benchmark? +[Ignore the open pos, it's a bug ](https://preview.redd.it/lq9bm3gei4r71.png?width=420&format=png&auto=webp&s=3bd71902761c023b20983607efe284760af20215) + +A lot of people on my last post thought I was naked these calls, I'm not. That's WSB level retarded. + +These are covered calls, Originally started with 1200 shares and have grown it to 1900 selling covered calls and buying calls during run ups. + +A lot of people wonder why I sell 1 DTE Weeklies instead of 30-45 DTE expiries and it's mainly due to the risk. The difference in return on capital between weeklies and 30-45 DTE expiries are quite large, I only make about 2-4% ROC with weeklies, and with 30-45DTE I make about 10-15% which is huge on a 6 figure portfolio but I have to factor in risk. + +GME can rip at any moment and the weeklies closer to expiry have more volume and liquidity. + +Also, another note is that every week if you check what max pain is GME 98% of the time either closes slightly above, at, or below max pain, and it's consistent every week unless there are outside factors. + +I've been selling CC since Feb when I opened my position after the big dip. The only times I don't sell CC is earnings week, or during u/criands [DD](https://www.reddit.com/r/Superstonk/comments/pb22oj/the_puzzle_pieces_of_quarterly_movements_equity/) on futures expiries or any other potential news that might be coming out. + +Other than that CC all day long, and if you're asking why I don't sell earlier in the week, go look at a weekly chart of GME, there are huge fucking moves every week and my risk tolerance only goes so far selling 1 DTE gives me more advantages because of Theta. +[https://uk.finance.yahoo.com/news/black-deportation-staff-called-cotton-150806960.html](https://uk.finance.yahoo.com/news/black-deportation-staff-called-cotton-150806960.html) + +Thought this was a solid company fundamentally but I am put off by this recent lawsuit and have researched deeper into the companies past and have found a fair amount of shitty ethics. Felt uncomfortable holding such a company so have sold all my holdings. Wondering if other people are put off companies in such events? + +This is not political but a discussion of ethics when it comes to investing in companies. +I just want to say that I am thankful for this community, especially in times like these where we are beginning to see blood in the streets in alot of “momentum” (overvalued) stocks. To make a long story short, I used to be heavily invested in high PE extremely expensive companies (to name a few sectors: EV’s, Cannabis, AI, etc). I reduced these positions substantially over the past few months and started focusing more on understanding financials and mostly on dividend paying blue chip companies. Without this transition, I know I could not handle the volatility in these overblown plays. So once again, thank you for opening my eyes to the truth and understanding what type of investor I want to be for the rest of my life, that is, a value investor. + President Joe Biden has pledged to have 500,000 public charging stations for electric vehicles in place by 2030. The administration is providing more than $5 billion to states over the next five years to build a network of charging stations along the nation’s interstates. + +[Full Article](https://www.msn.com/en-us/news/us/biden-to-require-electric-vehicle-charging-stations-every-50-miles-on-federal-highways/ar-AAYfLkO?li=BBnb7Kz) + +Any leads on vendors? +Key statistics + + + +* The Consumer Price Index (CPI) rose 2.1% this quarter. +* Over the twelve months to the March 2022 quarter, the CPI rose 5.1%. +* The most significant price rises were New dwelling purchase by owner-occupiers (+5.7%) and Automotive fuel (+11.0%). + +Source: [https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/consumer-price-index-australia/latest-release](https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/consumer-price-index-australia/latest-release) +I can't be the only one who's tired of having literally 4/5 articles in the news feed on my Yahoo Finance watchlist be clickbait bullshit from Motley Fool. +He even lifted my option chain screensgrabs. You can tell by looking at the URL of the June 11 and June 18 option chains images in his video. He even mischaracterized my DD because it wasn't just Blackrock and Citadel that loaded up on $HYG Puts. + +Here's my DD from 8 days ago: [https://www.reddit.com/r/Superstonk/comments/ns7k6q/could\_gamestops\_liftoff\_unravel\_corporate\_junk/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/ns7k6q/could_gamestops_liftoff_unravel_corporate_junk/?utm_source=share&utm_medium=web2x&context=3) + +https://preview.redd.it/h840lrhlj1571.png?width=1484&format=png&auto=webp&s=efc8437f52eeb06845153024211cacee8e487af7 + +And here's his YouTube channel: [https://www.youtube.com/watch?v=YW554gS1fWs&t=1s](https://www.youtube.com/watch?v=YW554gS1fWs&t=1s) + +[Check the URL ... he's showing the image from my DD.](https://preview.redd.it/y6xgpn1rj1571.png?width=1962&format=png&auto=webp&s=d97849bb0208cb5bc5eec0c38e05b281e0cc3e70) + +Anyway, not cool. Not cool at all man. + +.......... + +Edit #1: Wow everyone ... I stepped out for a few hours to grab brunch with the family, and come back to find this. Thanks for having my back, everyone! What a true shrewdness we have here on r/Superstonk! + +When I first saw this guy's video I thought, oh cool. But then I thought, I better leave a comment so everyone knows the source of this, and also because there is a bit more to the story and data than what he was presenting. But when he deleted that comment, and another, and another, that's when I felt what he was doing wasn't a harmless oversight, but deliberate theft, and I felt compelled to surface the situation here. Glad I did. This community truly is the best! + +I've tried to upvote and respond to as much as I can, but the response has been overwhelming. + +............................... + +For my next DD, I'm working on something I hope everyone will appreciate. We all know the 55MM proxy votes reported by GME's wasn't the half of it (or maybe even the 1/10th of it). I have a bit of a background in consumer research, so I decided to use that knowledge and some of the same tools to put together and conduct a very simple single question survey using a third-party consumer research platform. I've been serving the question up to a randomized set of 300 U.S.-based adults over the past few days (don't worry, this surveying is totally anonymous, totally disconnected from Reddit and this community, and is being managed programmatically). Ideally I'd want something like 1,500-3,500 samples for something like this, but even with my eventual sample size of 300, the margin of error is going to be sub-6%. + +I'm including this here because I've posted on this a few times over the last few days as the results come in, and everything has been downvoted something awful. I just have to believe this community would not only be interested in such research, but I also feel this community deserves some hard data around this question of share ownership. + +I'm presenting the results in progress below, but I want to stress a few points: + +• 300 sample size provides some solid insights, but the ideal sample size would be 1K or more (although once past 500-600, the margin of error doesn't move much) + +• Capping the highest response buckets at 101 shares owned ensures an underestimation (this is deliberate ... I'd rather err on the side of showing the tip of an iceberg with high confidence than show the whole iceberg with low confidence) + +• As you can see in the Bias Tables, the 55-64 age group is over-represented, and the 25-34 age group is underrepresented. This wasn't intentional like the question/answer structure, but I'm this particular bias is resulting in a more conservative results versus more representative sample ... in other words, I bet a lot more 25-34 year old own $GME than 55-64 year olds. + +• I am not done ... once I have the full 300 response, I will share with the community my tool, methodology, and costs. What I'm using is pretty inexpensive and accessible to everyone. If anyone else is interested in generating their own data set (both to validate mine and to hopefully add to mine to bolster the sample size), that would be great! + +• Before anyone starts to crap all over what I am doing here, please be prepared to present your better idea for building some reliable datasets around GE ownership. As far as I can tell, this is the bet and only attempt at gather third-party, unbiased data around U.S-based $GME ownership + +Here's the data I've collected so far: + +https://preview.redd.it/8f7z76bn13571.png?width=2484&format=png&auto=webp&s=15a7eaa3a8dd20bf40f55a44ffef35adbd7aa410 + +https://preview.redd.it/2698h0xn13571.png?width=2766&format=png&auto=webp&s=a1edd0b61f727b4aa3802b36cffec9c678a979d1 + +Again, I am still collecting another 79 samples to get to 300. But as things stand (mind this is still a pretty small sample with an margin of error of \~6-7%), this data seem to suggest GME ownership among U.S. adult population is 5.9% with an average of 28.15 shares. There are 209MM adults in the U.S., so based purely on this limited data set, it looks like U.S. retail investors could own a minimum of 347MM shares. Remember, I capped ownership at 101 shares to be ULTRA conservative, so the number could be much higher. In other words, the two individuals who checked "101 shares or more" could have thousands or tens of thousands of shares, and those wouldn't at all be accounted for. This is very intentional. I'm trying to show that even the tip of the iceberg far exceeds the total number of outstanding shares, and I think this data does this pretty convincingly at this point. + +Add to this individual foreign investors, insiders, RC Ventures, institutional, etc. and it's very clear there are a metric fuck ton of synthetic/fraudulent (or whatever you want to call them) shares floating around. We all already knew this, I'm just trying to build something to define this with unbiased data and hard numbers. + +If you're interested in this research, please follow me and keep an eye out for this new DD. + +Edit #2: Since comments are closed, if the DD idea outlined above is something you support, please visit this older posts about this and let me know (the initial reception of the idea was pretty bad, and you can see by the 0 Upvote count): + +[https://www.reddit.com/r/Superstonk/comments/nxmkp4/still\_collecting\_data\_shooting\_for\_n300\_us\_adult/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/nxmkp4/still_collecting_data_shooting_for_n300_us_adult/?utm_source=share&utm_medium=web2x&context=3) +PinkPanda was just listed on CMC this morning! What a well deserved accomplishment for this team and this community. I’ve never been a part of a coin I believed in as much as I do PinkPanda. The team is as transparent and as active as I’ve ever seen. They are always in the telegram answering questions. I’ve seen some telegrams where people get banned just for asking something in the chat. Here the mods and dev team take time to answer everybody’s questions. Also, the founder is doxxed and regularly jumps into the voice chat for AMA’s. + + +The roadmap is stellar. Not generic, but real forward thinking goals and plans to help meet needs in the market place. The team is planning a 5x leveraged mobile DEX. I really do believe this is going to change the way people trade on BSC and open up the space to so many new crypto investors. The potential seems limitless. + + +So far the team is on track with the roadmap, hitting goal after goal. The mobile app that will later include the DEX is already out, and they’ve already released one update for it. Pretty impressive for a coin that’s only been out for 3 weeks. + + +The community is like none other. Panda Army is strong. They believe in this project, and for good reason. The team inspires trust, the project is as solid as it gets, AND this coin donates to cancer charities. There has already been a $1000 donation to the American Cancer Society and a 2 ETH donation to the Go2Foundation for Lung Cancer. I know it is a cause personal to the founder and to many of us. It’s no wonder that so many people are so passionate for this project. + +With the CMC listing today the coin seems to be moving nicely and is poised for another run soon. + +&#x200B; + +Tokenomics + +&#x200B; + +\-1 quadrillion total supply + +&#x200B; + +Breakdown: + +&#x200B; + +\-50% burned (500T) + +&#x200B; + +\-20% presale (200T) + +&#x200B; + +\-20% initial liquidity (200T) + +&#x200B; + +\-5% charity and community airdrop wallet (50T) + +&#x200B; + +\-5% dev and marketing (50T) + +&#x200B; + +Taxes: + +&#x200B; + +\-5% of each transaction auto-locked in liquidity on Pancakeswap + +&#x200B; + +\-5% of each transaction automatically redistributed to PinkPanda holders + +&#x200B; + +&#x200B; + +Telegram: https://t.me/PinkPandaDefi + +Twitter:@PinkPandaDefi + +Website: https://pinkpanda.finance + +Reddit: r/PinkPanda + +Buy on Pancake Swap: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x631e1e455019c359b939fe214edc761d36bf6ad6 + +Contract: 0x631e1e455019c359b939fe214edc761d36bf6ad6 +I’m 17 and fuel is my entire pay check. Is my wage gonna go up a bit or fuel price gonna come down? At this rate I’m gonna have to steal petrol off the neighbour. Poor bloke already lost most of his hose +Context: + +* Introduction ([https://www.reddit.com/r/fatFIRE/comments/pyqf2a/confessions\_of\_a\_hectomillionaire\_part\_1/](https://www.reddit.com/r/fatFIRE/comments/pyqf2a/confessions_of_a_hectomillionaire_part_1/)) +* Investments and Portfolio Management ([https://www.reddit.com/r/fatFIRE/comments/q2p32j/confessions\_of\_a\_hectomillionaire\_part\_2/](https://www.reddit.com/r/fatFIRE/comments/q2p32j/confessions_of_a_hectomillionaire_part_2/)) +* Expenses and Living without Financial Constraints ([https://www.reddit.com/r/fatFIRE/comments/q7fmu1/confessions\_of\_a\_hectomillionaire\_part\_3\_expenses/](https://www.reddit.com/r/fatFIRE/comments/q7fmu1/confessions_of_a_hectomillionaire_part_3_expenses/) ) + +\------------------------- + +I was debating how I should title this post. A suitable boring title would be “Paradox of Philanthropy” but it doesn’t capture how the intersection of good intentions and big egos makes the world a more complicated place. I decided to use the super cringey title “I am NOT a Superman”**.** Many successful people get into philanthropy hoping to make a big impact and to be the savior of broken systems. But in my opinion, effective philanthropy requires humility. People need to recognize their limits and don’t expect they can borrow the success they learn from the business world to single-handedly solve big issues like education, cancer or criminal justice. We can all contribute to the solutions in small ways but I believe people need to be humble to be effective and not let ambitions and egos get in the way of the real solution. To retain my anonymity, I couldn’t really get into too many details but I will try to be concrete. If philanthropy is part of your fatFire plan, I hope this post would be helpful. + +First, I want to recognize there are straightforward ways to give money away. A lot of the direct assistance programs like college scholarships, youth programs, or food banks are easy to understand and the money goes to people who are in need directly. My family set up a scholarship fund for a public university a while back. We did some research and realized that elite universities are insanely rich already and have billions in endowment that they don’t need more money to support their less-well-to-do students. Malcolm Gladwell had a [take-down piece](https://www.businessinsider.com/malcolm-gladwell-billionaires-shouldnt-donate-to-large-universities-2016-8) for John Paulson’s $400M Harvard donation. It’s worth a read and I agreed with him that I would rather give money to Cal State University than to Stanford or Yale if the goal is to give more opportunities to the next generation. + +Direct assistance is great but I want to focus on the rest of the post on the challenges of using philanthropy to solve big systemic problems facing our societies. When I started getting involved in philanthropy after the big windfall, I thought I could make the world a better place by giving away my time, money and skills. I have good intentions. But in retrospect, I am not sure if all the money, time and effort I put into this area is more worthwhile than the money I threw into startups in terms of sustainable impact. + +There are several structural issues that make things hard for nonprofits. It’s pretty complex but I would summarize the issues as follows: + +**Fundraising and misaligned incentives.** Many nonprofits exist because they can get money from donors. They only have to be good at fundraising, not necessarily good at generating results. I met quite a few nonprofits who have generated really good results but never get the resources they need. They are either not super focused on fundraising because they are busy serving their community or their work is too unsexy to tell a good story. In addition, large donors often hold the power of critical decision because they are the ones who give the organization money. It’s not uncommon for these large donors to tell you, the org, what to do even if they are clueless. In other words, if you don’t do what they ask you to do, you don’t get the resources. But if you do get the resources, you might not be doing things that are the most effective. This misalignment on mission and fundraising is quite a big challenge in many organizations. + +**Symbiotic Relationship.** Once you give money to an organization, when do you stop? It's not uncommon for nonprofits to go out of business when the major donors bail. If an organization can never stand on its own without major patronage, is this organization worth existing? If so, what's the criteria? Investments, on the other hand, make the relationship simpler. The organization is supposed to be sustainable in the long run. I made a lot of investments in climate and edtech that are not aiming for outsized returns but long term sustainability. I think many of them can work and potentially be way more impactful than their nonprofit counterparts. + +**Slow/No feedback loop. Hard measurement problems.** How do you really measure impact? You can put in hundreds of millions in K-12 education or brain research and don’t see clear results. It takes a long time(13 years) for a kid to go through K-12 and scientific discoveries are unpredictable. It’s really hard to know the results in a reasonable time frame. People can come up with metrics but often they are proxies that have a very limited view to the actual outcomes. There’s also this “what’s the end game?” question. Do you keep plowing money into it until you see measurable results or you pull the plug at some point? The decisions can be quite subjective. Again, an investment’s objective is more well defined but it does have its limits since the most important measure is typically the financial viability. + +**Skin in the game.** A few years back, a top philanthropist hypothesized smaller high schools will increase student achievement and graduation rates. He wanted to \*take the risk\* and gave hundreds of millions to school districts to make high schools smaller. The results ended up being mixed. The top philanthropist moved on to other education initiatives but the school districts are stuck with smaller schools that are more costly to run. The top philanthropist lost money from his \*investment\* (which is a drop in the bucket for him) but the school districts have to deal with the long term consequences. The risk of having a big social experiment can be asymmetric. Namely, if it succeeds, the glory goes to the philanthropist and everyone is happy. But if it fails, it doesn’t really affect the philanthropist much but the consequences most likely would be suffered by the people they originally try to help. + +**Scale of problems.** People want to solve big problems like education, climate, poverty or cancer. But these are multi trillion dollar problems, your millions or even billions are not going to make a dent. The only way that these big problems can be systematically changed is through policy, which is usually complicated and controversial or through building trillion dollar companies like Amazon or Google, which only took a single digit billions of outside capital to build but they do come with other baggage people don’t necessarily appreciate. + +In summary, despite good intentions, nonprofits are really hard because very often, its impact is hard to measure, it doesn’t have a self-sustainable path, and the problems they are trying to tackle are so huge it’s like boiling the ocean. In addition, the donors have so much power and control in the process. Their egos can get in the way and they don’t necessarily have the skin in the game for the solution. + +I keep hearing people calling impact-focused companies sellouts if they are not set up as nonprofits. I found this characterization absurd if they actually know how nonprofits work. Companies like Calm, Coursera or Patagonia might be set up as for-profit companies and they do have strong profit motives. But they are either cash flow positive or on a path to be cash flow positive. They don’t have to constantly beg for money like most nonprofits. They are in charge of their own destiny. They don’t rely on a small number of big donors to sustain their operations so they can actually have a real say about the company direction instead of catering to big donors’ needs. I would recommend impact focused entrepreneurs to set up their companies as for-profits if they could generate enough revenue to sustain their operations in the long run. It's also easier to raise money at series seed, A, B, C milestones instead of raising money non-stop 365 days a year. + +In addition to the structural problems facing nonprofits, there are also complex interpersonal issues between the philanthropists and people around them. If you walk into philanthropy with deep pockets, there are few things you need to pay attention to not get blind sided. + +First, **people are not going to tell you that your idea/solution is stupid**. An acquaintance who worked at a billionaire foundation told me they were solving childhood obesity by using a fitbit kind of device to get kids to move more and to earn rewards. I thought exercise was good for kids’ health but I have doubts that increased activity will solve the childhood obesity problem. I am no health expert. But my understanding of America's obesity crisis is more about what people eat and less about how much people exercise. But obviously no one really challenged the proposed solution and they spent millions on it afaik. I didn’t follow up with him but last time I googled it, it didn’t appear they were still pushing it. Frankly, I think the whole thing is kind of amateur but the moral of the story is that nobody is going to stop you, the philanthropist, from wasting your money on wrong solutions. What’s the benefit for the staff if they speak up? Nobody wants to risk getting fired or being relegated. Your idea will always be amazing and innovative to your staff. (Note: for all big-shot philanthropists who have seen this post, consider posting your philanthropic idea on reddit anonymously, we will tell you the truth about your idea unfiltered.) + +**You may not be aware but the problem could be you.** I had a conversation with a billionaire couple about their philanthropic strategy a few years back. The husband asked me if I have any feedback and suggestions of their plan. The solutionist in me thought hard and gave them a list of things that I believe could be changed and improved. The husband, who is a public company CEO, was gracious but the wife was visibly offended by my suggestions. This is the same person who gave a speech about wanting to know the truth and not wanting to become the emperor without clothes. My reaction was that people are not going to give her the critical feedback if that’s her reaction. But since she didn’t ask for my opinions about her emperor-without-clothes speech, I kept my mouth shut. I do recognize that in her day to day life, people are deferential to her so very few people will talk to her the way I did. It’s not surprising that she found me to be rude (but I don’t care since I am fatFired). I doubt she took any of my suggestions due to my \*rudeness\*. The jury is still out but I suspect their philanthropy is not going to be super effective if an objective assessment can cause so much angst on the founder. + +**You hold all the power.** An intriguing phenomenon about the philanthropy world I observed is that a good number of billionaires' philanthropy efforts culminate in some kind of big announcement with splashy PR and glitzy events. I remember a few years back a super prominent billionaire couple told the world that they want to cure, prevent or manage all diseases by the end of this century and they held a giant event with all the silicon valley luminaries present. I applauded their ambitions but if you really understand the medical research landscape, even if all the diseases are cured, prevented, and managed, it’s not because of them. It’s a collective effort and they are not even going to be the largest funder. Last time I checked, their medical research grants of \~$300 millions a year are still a fraction of NIH annual budget of $40B+ and lag behind Wellcome Trust ($1.5B), Howard Hughes Medical Institute($732M) and Gates Foundation. I don’t really see how they can even get to a good percentage of NIH funding level if they want to claim to be a dominant player of disease curing. People are hopeful and optimistic when they announce their shiny new thing. But like all the hard problems, scientific discovery is hard, messy, slow, expensive and unpredictable. I hope the founders never lose interest like another mogul who abruptly pulled out of anti-aging research. It’s not uncommon for a foundation to pull out of an area because the founders decide so for any reason, good or bad. But who can you blame? They have ultimate control of the money. It is just that the grantees would suffer greatly if they lose their funding. + +Despite all the negative sentiment, there are two philanthropists I do admire: Howard Hughes and MacKenzie Scott. I would like to follow their concentrated and humble approach respectively. Howard Hughes started HHMI (Howard Hughes Medical Institute) back in the 1950s but the organization’s impact really materialized after he passed. It became a powerhouse in frontier medical research today and is basically the Nobel laureate factory. Almost every year there’s a Nobel laureate who is/was an HHMI investigator and there are only a few hundred of them around the world. **HHMI bets on people, not projects.** They give young promising scientists \~$9M over 7 years with no strings attached so they can focus on their long term vision. These grants can be renewed every 7 years and this empowering the brightest scientists approach is paying off big time. I might be exaggerating a bit, but basically you give a super smart scientist $1M+ a year for 20 years, and there’s a good chance (s)he will have a breakthrough that’s worth a Nobel prize. The investigators HHMI funded made CRISPR, next generation sequencing, and many cutting edge discoveries a reality. They don’t have a donate button on their website as it appears most funding for HHMI is from the endowment. But HHMI will be a default place for my money to go to if I decide to go with medical research assuming they will take my money for the investigator program. IMO, giving money to the brightest scientists to change the trajectory of humanity is more worth it than giving money to the IRS to make a micro dent to the enormous national debt. + +MacKenzie Scott’s giving is a breath of fresh air. She took this no strings attached approach to the causes she cares about and she gave $6B just in 2020, which is more than Gates foundation’s $5.3B grants in 2020. I am fortunate enough to be involved with several of her grantees. She did the research mostly with her own resources without taking grantees’ time. I don’t know if people know this but it came as a surprise for the organizations when the funding decisions were made. Even more surprising is that she gave the money and basically told us that ***“Hey, you guys do great work. Here is the money. Spend it wisely to make your organization better. We won’t give you more money and don’t contact us ever again. Thanks, bye.”*** We don’t even need to think about how to cater to her to get more funding. She and her team’s ability to recognize people who are already doing great work and give them enough money to actually improve things is the ultimate gift. Her approach is an exception, not the norm though. I wish more billionaire philanthropists could be like her instead of trying to control everything and to take the credit. + +As I reflect on my (mis)adventure in the philanthropic world, I realize that I can be more effective by simply supporting people’ great work from the background. Many people (esp people from tech) try to reinvent the wheel and slap their names on the causes they engage in. I found that unnecessary, wasteful and egoistic. I would call that “Superman Syndrome”. I am NOT a superman and my role as a philanthropist is to identify great people already out there and invest in them for a better future. (Note: I agree Howard Hughes is a superman. But I think the only person in our time who is a superman is Elon Musk.) I still have doubts that nonprofits are the best structure to do it but regardless of the setup, giving money to the right people with no strings attached is my guiding principle and I won’t even bother setting up a big foundation. As we have seen in MacKenzie Scott’s giving, it doesn’t have to be so complicated. + +\----------- + +I hope this post doesn’t feel all over the place. Philanthropy is a complex topic. All the negative examples I listed here are real. If you google hard enough, you will know who I am talking about. I just don’t feel like saying their names out loud. After all, they have good intentions. Next week, I will make a post about work and purpose after giving out my opinions about philanthropy. +**Question:** How many of the upcoming July 16 options expiring this Friday are worthless deep OTM puts used to kick cans down the road? + +**Answer:** At least **302k options**, capable of hiding up to **30.2M shares** are coming due this Friday, July 16th. + +Let's walk through the analysis and show off some Google Sheets spreadsheet magic. + +In order to answer the question, we need to (a) determine that an option opened up is worthless, which means we also need to know (b) when options were opened to know the *delta* for those options. + +**Why** ***delta?*** Delta is an option greek that represents the change in price of an option based on a change in price of the underlying stock. ([Grow a wrinkle here](https://www.investopedia.com/terms/g/greeks.asp).) If delta is close to 1, that means when the underlying price of GME moves by $1 then the price of the option moves by about $1. On the other end of the spectrum, if delta is close to 0, then that means when the underlying price of GME moves by $1, the price of the option doesn't move. If the option price isn't moving with the stock, it's probably not very valuable. + +**Delta <= 0.01.** I'm setting the threshold criteria for |delta| <= 0.01 to determine an option is worthless. Basically, if the price of GME moves by $1, the option price moves by less than a penny (if at all). As there's no reasonable reason to trade these near-zero delta options, it stands to reason that all of them are being used for nefarious can kicking purposes. (FWIW, using bigger values of delta didn't really add too much to the count so I'm running with the penny threshold. You can see the other delta calculations in my Google Sheet.) + +Making use of my trusty $21 data set for all of GME option history for 2021 up to June 30, I filtered out all of the puts expiring July 16th. (Why puts? Because SuperStonk has been discussing using *married puts* to hide short interest or straight up naked short shares. For more background, see my previous post: [Peek-a-boo! I see 103M hidden shorts! (Part Deux)](https://www.reddit.com/r/Superstonk/comments/oenvoh/peekaboo_i_see_103m_hidden_shorts_part_deux/).) + +Loaded those July 16th puts into Google Sheets [here](https://docs.google.com/spreadsheets/d/12U7I2bMKZ3nYchNsCZGsl8fYlj8PhMVAvFYhXiWjWYQ/edit#gid=2112568586) and then worked some Sheets magic. Basically, I calculated the daily change in each option's Open Interest for all of the puts expiring this Friday, July 16th. Then, by adding up the change in Open Interest each day for options that have a |delta| <= 0.01, we find **302,464 Worthless Put Options** were opened up in 2021 up to June 30th. The really neat bit is we can see exactly which days those worthless puts were opened. Here's a chart: + +[Daily Open Interest Change for Worthless \(delta \< 0.01\) July 16 Puts](https://preview.redd.it/ujgxmw2gvna71.png?width=4242&format=png&auto=webp&s=f6669b9c1d4b01a9357d4ef4b14f17194cc84926) + +Notice an interesting date there? Jan 28 there's a gigantic spike. We also see spikes near other major options expirations in March and June. (See my other post [Peek-A-Boo! I Track You Kicked Cans!](https://www.reddit.com/r/Superstonk/comments/of1zn4/peekaboo_i_track_you_kicked_cans/) if you want to follow up on those.) + +**tl;dr:** This chart shows *exactly* when SHFs were opening up worthless July 16th Puts that line up with the original GME squeeze in January. SHFs have been kicking these cans down the road ever since and *at least* 302k married puts are coming due this Friday, July 16th. Those 302k puts are equivalent to **30.2M shares,** which is a pretty big deal as that is more than the free tradable float coming due. Also, considering this is *just one approach* Kenny's been using to kick cans down the road, we're looking at interesting times coming with a few possible catalysts happening soon. + +One last thing: keep in mind this analysis finds *at least* 30.2M shares from these 302k married puts that are worthless. u/NatesAnApe posted a few days ago in [This should be all the confirmation bias you need to set your phone down and relax on this fine Wednesday afternoon. HODL tight apes 💎🤲🏼🚀](https://www.reddit.com/r/Superstonk/comments/ofmqeo/this_should_be_all_the_confirmation_bias_you_need/) that up to 42.9M shares may be coming due (if you assume *all* 429k expiring OTM options are hiding shares to get an upper bound). + +EDITS: + +\- Fix typo. credit u/Sufficient-Bowler741 & u/Froggy__2 +The above quote is my favorite advice I’ve heard from the FI community. It’s helped me achieve financial stability and growth while truly enjoying life (something that can be hard when aiming for a super high savings rate). + +Things I spend on without beating myself up: travel, tattoos, yoga, my partner, my cat, and renting a decent place for myself. These things bring me legitimate joy. + +Things I mercilessly cut spending on: clothes, restaurants/bars, furniture, cars, and new tech/devices. These things don’t really affect my happiness. + +You may have completely different priorities than +me, and that’s great! My point is just to make it clear what you care about, and allow yourself to direct money that way. Even though I spend on things I love, my monthly spending has taken a nosedive by saving on things I don’t care about. + +Much love to you all! + +Edit: Wow thank you for the love and awards on my first-ever Reddit post. As many of you pointed out, the quote is from Ramit Sethi, author of I Will Teach You To Be Rich. I also wanted to clarify that “extravagant” doesn’t necessarily mean “luxury.” When I say I spend extravagantly on things, I still do so responsibly. Example: I love travel but that doesn’t mean I book first class tickets and five star hotels. It means I travel cheaply so I can afford more trips throughout the year. It’s all about forming a positive and honest relationship with yourself 🖤 +https://www.thestreet.com/investing/tesla-tsla-elon-musk-lithium-mining-rights-nevada?puc=yahoo&cm_ven=YAHOO&yptr=yahoo + +Tesla (TSLA) - has secured its own lithium mining rights in Nevada after dropping a plan to buy a company there, taking the electric vehicle maker a step closer to its plan of mass-producing less-expensive batteries and being master of its own battery supply chain. + +Tesla’s CEO Elon Musk told investors at the company’s “Battery Day” event last week that Tesla has secured access to 10,000 acres of lithium-rich clay deposits in Nevada, and plans to use a new, “very sustainable way” of extracting the metal. + +Tesla’s decision to make its own battery cells, and to enter production of battery cathodes and associated raw materials, is intended to add in-house capacity alongside deals with external suppliers as demand for electric vehicles continues to rise. + +Thanks for the awards. +Ethereum has a larger market cap than these: + +- Visa +- JPMorgan +- Alibaba +- Bank of America +- MasterCard +- Disney +- Nike +- Netflix +- Coca-Cola +- McDonalds +- Platinum +- And more…. + +Probably nothing. +[The Big Short](http://www.amazon.com/Big-Short-Inside-Doomsday-Machine/dp/0393338827/ref=sr_1_1?ie=UTF8&amp;qid=1302020203&amp;sr=8-1) + +basic story, as told by people from the inside who actually made the real bets "against" the market (subprime mortgage market) with Credit Default Swaps (CDS) which were basically an insurance policy against debts defaulting (home loans that made up Collateralized Debt Obligations (CDO). Which is a fancy way of saying - thousands of loans packaged together into a bond to hide the really ugly loans behind seemly healthy loans (as long as MOST loans stayed on track of repayment, the bond stayed solvent)). + +Bad loans were made to home buyers (2 year teaser, no-money down, ARMs). The lenders then packaged those loans with less risky loans (maybe 5% were subprime) into a CDO (collateralized debt obligation). This was just a revenue stream from home payments of thousands of home buyers. you could buy in at any level of risk for a corresponding interest rate. The worst section of these CDOs (the mezz, or floor, the lowest level, highest risk, triple-B rated bonds), were repackaged into new CDOs. The rating agencies rated them as if they were a new batch of loans. Only the mezzanine tranches was rated triple-B, the top 80% were rated higher, the top being triple-A. **This was how Wall Street laundered credit.** They repacked the worst of the worst in a complex way so that the rating agencies couldnt quickly evaluate the true risk (even if they wanted to, the info was hard to get to since the real loans were mostly no-doc subprime loans). Then, they could be rated triple-A and sold off to the biggest investors in the world, the type that were legally forced to only buy triple-A rated securities. + +Next was the people that saw this flaw. They screamed to Wall Street that the CDOs they were selling were junk, defective and built with fraud. Wall Street called them stupid and ignored their warnings. So they said "you want to make a bet that we are right?" Wall Street said "Sure, how about we sell you insurance on the market." This was done with a CDS (credit default swap, which has existed safely for years in the commercial lending market, but never the in the consumer lending market). Basically, the buyer of the CDS would pay a insurance premium (200 points) each year that the CDO was solvent. If 8% of the core home loans went bad (defaulted), the policy paid off. Remember, some of the CDOs were laundered credit. They held 95% subprime loans. if just 8% defaulted, the $2 million dollar yearly premium turned into a $100 million dollar payout. it was simply a bet that the underlying loans would go bad. Since they were rated triple-A, no one selling the CDS expected the loans to default at a rate that would require them to make the payout. they saw it as "free money". Those giving them the "free money" knew better. they saw the subprime predatory lending. they saw the failure and they saw a way to make billions on it. the market for CDS blew up and turned into a massive market of nothing more than billion dollar bets that home prices would stop rising. And they did! + +So, to take this back to the difference between these specific CDSs and other "commercial backed" CDSs. A CDS is not something that is new. it is simply a bet that a bond will fail. Commercials CDSs are low premium high payout because its rare that a large company goes bust (default on their debt). So, the buyer of this CDS would feed a small % of the value of the debt to the seller of the CDS while the debt was solvent. but IF the debt defaulted, the buyer of the CDS would get their payout. Take that same product and apply it to consumer lending, and you create much more risk because smaller consumer loans are more likely to default. but hey, as long as less than 8% of the loans defaulted, the CDS wouldnt pay out. now you can see the problem here. Wall Street is selling these seemingly "safe bets" at the price they would be for a lower risk commercial debt. then you take that comsumer debt and take the worst of the worst and then sell THAT in the same manner and under the same perceived risk as the commercial debt, and thats were Wall Street made its money. On transactions fees for these CDS transactions all while they were passing the real risk (triple-B risk rated as triple-A risk) off to the seller of the CDS (the insurer). + +Where did this bad debt come from? Why was Wall Street in such need to **literally launder the credit risk**? The problem was with the lenders. Their game was to get someone in a house, sell them a loan (they take their cut on processing the loan) and then sell the risk to Wall Streetf in bundled CDOs. The predatory lending was assumed "safe" because once the buyer of the house ran past their "two year teaser rate", they would then come crying to the lenders and say "i need to refinance, i cafnt afford my new rates". The lenders were OK with this for two reasons: they made money of each loan, home prices will always go up!! They assumed that when the person game back in two years, their house would now be with 10-15% more. So they could take out an even larger loan (against the current appraised value), pay off the first mortgage and give the homeowner a cut of the gains in the home price. + +As long as home prices went up, you could continue to refinance and take out the increase in value since the last loan. the owner didnt have to have a single dollar invested! The loans could simply keep getting larger because their house kept going up in value. + +Then it all came crashing down. remember the worst of the worst CDSs needed just 8% of the worst consumer loans to default. these were loans in the upper six figures to buyers who made under 50K a year. the core, predatory lending fueled the collapse. These CDSs were simply a bet that more than 8% of home owners in a given tranche of the CDO would go bad. And when 95% are built on predatory lending practices, shit WILL hit the fan. + +**TL;DR** - predatory lending (in the subprime mortgage market) fueled the ability for Wall Street to launder credit and hide risk (in fraudulent CDOs) by allowing overly complex securities to be built in a fashion that would hide risk by tricking rating agencies into giving them higher ratings than they deserved. Then the securities fell apart when the US foreclosure rate spiked. The CDS was insurance (a bet) against the underlying loans of these fraudulent CDOs, the individual predatory loans to the lower-middle class home buyer. Once the defaulted loans passed 8%, the bet paid out. This is what caused all the massive liabilities (10s of billions to the major firms) to sink major Wall Street firms. These CDSs were hidden from the balance sheet because they were thought to be triple-A rated. As long as the "premiums" from the CDSs were still being paid (default rate was below 8%), the owners were still getting revenues. when that revue stopped, they were forced to realize their liabilities of the bets they had made. +**IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE** + +JASON FUCKING WATER FALL, Plaintiff, + +v. + +GAMESTOP CORP. , Defendant. + +C.A. No. 2021-0993 SEM + + +**ANSWER TO VERIFIED COMPLAINT** + +Defendant GameStop Corp. answers Plaintiff JASON FUCKING WATER FALL's Verified Complaint as follows. + +1. Plaintiff is a resident of Dallas, Dallas County, USA. + +RESPONSE: GameStop is without knowledge or information sufficient to form a belief as to the truth of the averments in Paragraph 1 of the Complaint. + +2. Defendant is a Corporation incorporated in the State of Delaware. + +RESPONSE: Admitted. + +3. This court has jurisdiction pursuant to 10 Del. C. § 341. + +RESPONSE: Paragraph 3 of the Complaint sets forth a legal conclusion to which no response is required. However, GameStop does not intend to contest the Court’s subject matter jurisdiction over this action. + +4. Venue is appropriate in this court pursuant to 10 Del. C. § 344 because Defendant is incorporated under the laws of Delaware. + +RESPONSE: Paragraph 4 of the Complaint sets forth a legal conclusion to which no response is required. However, GameStop does not intend to contest venue in this action in the State of Delaware or in the Court of Chancery. + +5. Defendant released an 8-K filing on 6/9/21 which revealed the results of its Submission of Matters to a Vote of Security Holders. + +RESPONSE: Admitted. + +6. Stockholders voted on elections of six Directors as well as two other resolutions for eight total votes. + +RESPONSE: Assuming that Paragraph 6 of the Complaint refers to GameStop’s annual meeting of stockholders held on June 9, 2021, admitted. If that assumption is incorrect, denied. + +7. In every vote but one, the total number of votes added up to 55,541,279. + +RESPONSE: Assuming that Paragraph 7 of the Complaint refers to GameStop’s annual meeting of stockholders held on June 9, 2021, admitted only that after the Inspector of Elections selected a reasonable method to obtain whole numbers by rounding vote totals that reflected partial shares, the total number of votes and broker non-votes cast in the elections for five of the six director nominees and for both of the two management proposals was reported to GameStop by the Inspector of Elections, and therefore reported in GameStop’s Form 8-K dated June 9, 2021, as having been cast by 55,541,279 shares of GameStop’s Class A Common stock. Otherwise denied. + +8. In the Larry Cheng election, the total number of votes added up to 55,541,280. + +RESPONSE: Assuming that Paragraph 8 of the Complaint refers to GameStop’s annual meeting of stockholders held on June 9, 2021, admitted only that after the Inspector of Elections selected a reasonable method to obtain whole numbers by rounding vote totals that reflected voting by partial shares, the total number of votes and broker non-votes cast in the elections for Lawrence Cheng was reported to GameStop by the Inspector of Elections, and therefore reported in GameStop’s Form 8-K dated June 9, 2021, as having been cast by 55,541,280 shares of GameStop’s Class A Common Stock. Otherwise denied. + +9. It is impossible for a vote to have been cast only in the Larry Cheng election because such a ballot would have shown up as an abstention for all other votes. + +RESPONSE: Admitted as a purely theoretical matter, but denied insofar as it pertains to GameStop’s annual meeting of stockholders held on June 9, 2021. The underlying premise of the Complaint is mistaken. There was no error in the count of the votes or broker non-votes by shares that were present in person or by proxy at GameStop’s annual stockholder meeting held on June 9, 2021, and there was no manual or other adjustment of the results of the stockholder vote. Rather, the one-vote discrepancy to which Paragraphs 7 and 8 of the Complaint refer resulted solely from the reasonable manner in which the Inspector of Elections rounded votes and broker non-votes by fractional shares before expressing the totals in whole numbers. In fact, all of the shares that were present in person or by proxy at GameStop’s annual stockholder meeting held on June 9, 2021 were properly accounted for in all of the matters (six director nominees, including Lawrence Cheng, and two management proposals) that were presented to GameStop’s stockholders for a vote at that meeting. + +10. Conventional wisdom does not admit that a computer will add the same numbers together eight times and get the result wrong once. + +RESPONSE: Without knowing what Plaintiff means by “[c]onventional wisdom,” GameStop is without knowledge or information sufficient to form a belief as to the truth of the averments in Paragraph 10 of the Complaint. By way of further answer, GameStop denies that there was a miscount or error in the tabulation of the vote at GameStop’s annual stockholder meeting held on June 9, 2021 and incorporates its responses to Paragraphs 7-9 of the Complaint. + +11. Plaintiff is a registered holder of Defendant’s stock. + +RESPONSE: Admitted. + +12. Plaintiff delivered a written demand under oath to Defendant’s principal place of business at 625 Westport Parkway, Grapevine, TX on 10/25/21. + +RESPONSE: Denied. + +13. Plaintiff’s written demand under oath stated Plaintiff’s status as a stockholder and was accompanied by documentary evidence of beneficial ownership of the stock pursuant to 8 Del C. § 220 (b). + +RESPONSE: Denied that Plaintiff’s October 25, 2021 letter constituted a “written demand under oath” or that it complied with the requirements of 8 Del. C. § 220(b). Admitted only that Plaintiff’s October 25, 2021 letter asserted that Plaintiff was a “registered record holder of 397.34 shares of GameStop Corp. Class A Common Stock” and that such letter was accompanied by an October 25, 2021 letter from ComputerShare stating that as of October 22, 2021, Plaintiff held 397.33972 shares of GameStop Class A Common Stock in a ComputerShare account. Otherwise denied. + +14. Defendant has declined to produce any documents or respond to Plaintiff for over five business days subsequent to the delivery of the demand under oath. + +RESPONSE: Denied that Plaintiff’s October 25, 2021 letter constituted a “written demand under oath” or that it complied with the requirements of 8 Del. C. § 220(b). Admitted only that GameStop has not produced any documents to Plaintiff or responded to his October 25, 2021 letter. + +15. 8 Del. C. §220 (b) states, “Any stockholder...shall, upon written demand under oath stating the purpose thereof, have the right during the usual hours for business to inspect for any proper purpose, and to make copies and extracts from: 1) The corporation’s stock ledger, a list of its stockholders, and its other books and records...A proper purpose shall mean a purpose reasonably related to such person’s interest as a stockholder...The demand under oath shall be directed to the corporation at its registered office in this State or at its principal place of business.” + +RESPONSE: Paragraph 15 of the Complaint is a quotation from a statute, to which no response is required. + +16. Plaintiff’s written demand under oath is for two purposes: 1) inspecting the Stockholder Ledger, and 2) inspecting books and records relating to the collection, tabulation, reconciliation, and reporting of the 6/9 shareholder votes. + +RESPONSE: Admitted only that Paragraph 16 of the Complaint seeks to characterize Plaintiff’s alleged purposes. Denied that Plaintiff’s October 25, 2021 letter constituted a “written demand under oath” or that it complied with the requirements of 8 Del. C. § 220(b); denied that the purposes described in Paragraph 16 of the Complaint are the purposes that Plaintiff identified in his October 25, 2021 letter; and denied that the purposes described in Paragraph 16 of the Complaint and in Plaintiff’s October 25, 2021 letter are proper purposes. + +17. Plaintiff’s purposes for inspecting the Stockholder Ledger are 1) to confirm that the ledger contains an accurate record of Plaintiff’s stock ownership, 2) to determine the degree, if any, to which the amount of stock held by registered and beneficial stockholders exceeds the amount of stock issued by Defendant, thereby diluting Plaintiff’s stock ownership. + +RESPONSE: Admitted only that Paragraph 17 of the Complaint seeks to characterize Plaintiff’s alleged purposes. Denied that Plaintiff’s October 25, 2021 letter constituted a “written demand under oath” or that it complied with the requirements of 8 Del. C. § 220(b), and denied that the +purposes described in Paragraph 17 of the Complaint and in Plaintiff’s October 25, 2021 letter are proper purposes. + +18. Plaintiff’s purpose for inspecting books and records relating to the collection, tabulation, reconciliation, and reporting of the shareholder votes is to investigate the possibility of mismanagement, wrongdoing, or waste. + +RESPONSE: Admitted only that Paragraph 18 of the Complaint seeks to characterize Plaintiff’s purposes. Denied that Plaintiff’s October 25, 2021 letter constituted a “written demand under oath” or that it complied with the requirements of 8 Del. C. § 220(b); denied that the purposes described in Paragraph 18 of the Complaint and in Plaintiff’s October 25, 2021 letter are proper purposes; and denied that GameStop has engaged in any mismanagement, wrongdoing, or waste. + +19. The credible basis standard does not require Plaintiff to prove that wrongdoing occurred, or even to show that wrongdoing probably occurred; it merely requires Plaintiff to present a credible basis for belief that wrongdoing may have occurred. + +RESPONSE: Paragraph 19 of the Complaint sets forth a legal conclusion to which no response is required. + +20. Plaintiff alleges there is credible basis to suspect wrongdoing in the reporting of the shareholder votes because computer tabulation is not subject to the kind of simple adding mistakes apparent in Defendant’s voting results, meaning that the results were likely manually adjusted by a person. The presence of a mistake in the results points to the possibility of mismanagement, wrongdoing, or waste. + +RESPONSE: Denied. By way of further answer, GameStop incorporates its responses to Paragraphs 7-9 of the Complaint. + +21. Defendant harmed Plaintiff’s rights by denying Plaintiff, a stockholder, the inspection of books and records sought for a proper purpose. + +RESPONSE: Paragraph 21 of the Complaint sets forth a legal conclusion to which no response is required. To the extent that Paragraph 21 is deemed to contain averments of fact, denied. + +22. Accordingly, Plaintiff requests the Court compel the Defendant’s cooperation with Plaintiff’s inspection of the Stockholder Ledger and all books &amp; records relating to the collection, tabulation, reconciliation, and reporting of the 6/9[/21] shareholder votes. + +RESPONSE: Paragraph 22 of the Complaint sets forth Plaintiff’s demand for relief, to which no response is required. To the extent that Paragraph 22 is deemed to contain averments of fact, denied. By way of further answer, GameStop denies that Plaintiff is entitled to any relief. + +FIRST AFFIRMATIVE DEFENSE + +The underlying premise of the Complaint is mistaken. There was no error in the count of the votes or broker non-votes by shares that were present in person or by proxy at GameStop’s annual stockholder meeting held on June 9, 2021, and there was no manual or other adjustment of the results of the stockholder vote. Rather, the one-vote discrepancy to which Paragraphs 7 and 8 of the Complaint refer resulted solely from the reasonable manner in which the Inspector +of Elections rounded votes by fractional shares before expressing the vote totals in whole numbers. In fact, all of the shares that were present in person or by proxy at +GameStop’s annual stockholder meeting held on June 9, 2021 were properly accounted for in all of the matters (six director nominees, including Lawrence Cheng, and two management proposals) that were presented to the stockholders for a vote at that meeting. + +SECOND AFFIRMATIVE DEFENSE + +The one-vote discrepancy that was reported in GameStop’s Form 8-K filed with the United States Securities and Exchange Commission on June 9, 2021, to which Paragraphs 7 and 8 of the Complaint refer, resulted solely from the reasonable way in which the Inspector of Elections rounded fractional share vote totals. In fact, there was no discrepancy in the vote count or vote totals. + +THIRD AFFIRMATIVE DEFENSE + +The one-vote discrepancy to which Paragraphs 7 and 8 of the Complaint refer is not a sufficient or credible basis to support Plaintiff’s demand for inspection of GameStop books and records. + +FOURTH AFFIRMATIVE DEFENSE + +There is no logical connection between the one-vote discrepancy to which Paragraphs 7 and 8 of the Complaint refer (which, if the totals were reported with fractional shares included, would not have been reported as a discrepancy at all) and the GameStop books and records that Plaintiff seeks to inspect. For that reason, the categories of books and records that Plaintiff seeks to inspect are overbroad. + +FIFTH AFFIRMATIVE DEFENSE + +Plaintiff’s stated purposes for seeking inspection of GameStop books and records are pretextual and reflect only Plaintiff’s idle curiosity, rather than a proper purpose. + +SIXTH AFFIRMATIVE DEFENSE + +Plaintiff’s demand for inspection of GameStop books and records does not satisfy the form-and-manner requirements of Section 220 of the Delaware General Corporation Law. + +SEVENTH AFFIRMATIVE DEFENSE + +Plaintiff states in Paragraph 17(1) of his Complaint that he wishes “to confirm that the ledger contains an accurate record of Plaintiff’s stock ownership.” Plaintiff has presented no basis, much less a credible basis, to believe that the GameStop stock ledger does not accurately reflect his ownership of GameStop shares. In particular, the one-vote discrepancy to which Paragraphs 7 and 8 of the Complaint refer bears no logical or other relationship to the question whether GameStop’s stock ledger accurately reflects Plaintiff’s ownership of GameStop shares. + +EIGHTH AFFIRMATIVE DEFENSE + +Plaintiff states in Paragraph 17(2) of his Complaint that he wishes “to determine the degree, if any, to which the amount of [GameStop] stock held by registered and beneficial stockholders exceeds the amount of stock issued by Defendant, thereby diluting Plaintiff’s stock ownership.” Plaintiff has presented no basis, much less a credible basis, to believe that the total number of shares held by GameStop stockholders exceeds the number of shares that GameStop has +issued. In particular, the one-vote discrepancy to which Paragraphs 7 and 8 of the Complaint refer bears no logical or other relationship to that question, especially considering the fact that the approximately 50.5 million shares that were present in person or by proxy at GameStop’s annual stockholder meeting held on June 9, 2021 were far fewer than the approximately 70.8 million shares that were issued and outstanding as of the record date for the meeting. + +NINTH AFFIRMATIVE DEFENSE + +If, contrary to GameStop’s position, the Court orders GameStop to permit Plaintiff to inspect GameStop books and records, and if any such books and records contain material, non-public information, disclosure to Plaintiff may be made only if consistent with Regulation FD promulgated by the United States Securities and Exchange Commission. + +TENTH AFFIRMATIVE DEFENSE + +The legal position taken by Plaintiff in his Complaint is not warranted by existing law or by a non-frivolous argument for the extension, modification, or reversal of existing law or the establishment of new law, and the factual allegations and contentions in Plaintiff’s Complaint do not have evidentiary support. GameStop reserves all rights relative to such matters. + +WHEREFORE, defendant GameStop Corp. requests that the Complaint be dismissed with prejudice, that judgment be entered in GameStop’s favor, and that GameStop be awarded such other relief as may be proper, including, if appropriate, an award of its costs and attorneys’ fees incurred in defending this action. + +Dated: December 9, 2021 + +TROUTMAN PEPPER HAMILTON SANDERS LLP + +Attorneys for Defendant +GameStop Corp. + +________ + + + +**JASON FUCKING WATER FALL FAQ** + +**Who are you?** + +I am a [98.76% direct registered asshole](https://imgur.com/a/G0yqRfV). My non-DRSed shares constitute a 5-share farm at a brokerage which grows DRS shares through volatility. + +**Why did you sue GameStop?** + +Because they didn't respond when I asked nicely every day, and after six weeks or so, an alternative modality seemed to be indicated. + +**What information do you want?** + +1) Information contained in the Shareholder Ledger + +2) Information relating to The Cheng Discrepancy + +**What is the Shareholder Ledger?** + +A list of all institutions and individuals holding GME. + +**Do you think the Shareholder Ledger contains evidence that the float is oversold?** + +Maybe, maybe not. Supposing that the float is oversold, the Shareholder Ledger may contain only the identities of registered holders, rather than beneficial holders. In that case, evidence of rehypothecation may not be acquisible by suing GameStop. + +**Will you share the Shareholder Ledger if you get it?** + +I will fight to share whatever I can without compromising shareholders' personal information. + +**What makes you think you can get the Shareholder Ledger by suing for it?** + +Because Delaware law says so, specifically [Delaware Code Title 8 Section 220](https://codes.findlaw.com/de/title-8-corporations/de-code-sect-8-220.html). I have followed the steps for acquiring the Shareholder Ledger specified in paragraphs (b) and (c). + +**What is The Cheng Discrepancy?** + +OK, so you know how [we all voted on 6/9 to install RC and his buddies to the BOD](https://news.gamestop.com/node/18956/html)? There were eight total elections that day. Seven of the elections show a vote total of 55,541,279. The Larry Cheng election, however, shows a vote total of 55,541,280. + +**So what?** + +So the elections should all display the same amount of votes, because it is impossible for someone to have voted in the Larry Cheng election without having been counted as an abstention in the other seven elections. The vote totals from all eight elections should match. That they don't match gives me a credible basis to suspect that mismanagement, wrongdoing, or waste may have occurred with regard to the collection, tabulation, reconciliation, or reporting of the votes.  + +**Credible basis?** + +The credible basis standard means I don't have to prove that wrongdoing occurred, or even show that wrongdoing probably happened or had a good chance of happening. All I have to show is that mismanagement, wrongdoing, or waste MAY HAVE OCCURRED.  + +Onward and upward. + +*Disclaimer: My name is JASON FUCKING WATER FALL. I'm not subject to an NDA or any kind of equivalent gag order regarding issues within GME's milieu. I haven't received information indicating an unreconciled number of ballots or votes cast in GameStop's 6/9 shareholder election exceeded the number of outstanding shares. I haven't received information indicating GameStop has been legally prevented from taking action projected to cause a systemic market event. I haven't received information indicating that the number of shares held by beneficial GameStop shareholders exceeds the number of outstanding shares. Epstein didn't kill himself and I won't either. I once touched Owen Hart's sweaty bicep as he walked out with Jim Neidhart at a house show. I have never met or knowingly spoken to Ryan Cohen, Matt Furlong, Michael Recupero, Mark Robinson, Tess Halbrooks, Greg Marose, Deep Fucking Value, Ken Griffin, Vlad Tenev, Steven Cohen, Maxine Waters, Elon Musk, Amber Ruffin, PFTCommenter, or Ariana Grande.* +I’m a 26. A teacher. Single, living on my Own. However, I feel as if I’m barely making it. I rarely ever shop for myself. I’m in desperate need of new clothes. The only splurge I have is me going out to eat. I look at all the other 20 somethings around me and they seem to be thriving and making a successful living. Me? I feel like I’m drowning in debt and it shows. +&#x200B; + +https://preview.redd.it/bwmrxvyfn2v61.jpg?width=700&format=pjpg&auto=webp&s=16f9b80ed3593ca817f59fe2345ef89db66ed2a5 + +*This is one of a series of posts where I will apply my fast and dirty historical fundamental analysis to some of the biggest dogshit stocks of 2021. If you are interested in the process I use below to evaluate a stock, check out* [How Do I Buy a Stonk???](https://www.reddit.com/r/ASX_Bets/comments/lzjpvf/how_do_i_buy_a_stock/) + +# The Business + +&#x200B; + +https://preview.redd.it/b9yt0e25k2v61.png?width=2776&format=png&auto=webp&s=0c63b55594888921c55c926fa6bd4df7768f0ad3 + +A2 Milk Company (A2M) is a dairy company that was founded in 2000 in New Zealand. It claims to be a healthier version of Milk, as it does not contain a certain type of protein, which is present in the milk of common breeds of dairy cow. Over the course of the last 20 years of ups and downs (seriously understated), they’ve established themselves as a significant part of the Australian and Chinese markets, with very marginal sales in USA (in liquid milk products only). Their largest product segment by far is infant formula, which accounted for just over a billion dollars of their revenue in FY20. + +# The Checklist + +* Net Profit: positive L4Y. Good ✅ +* Outstanding Shares: stable L4Y. Good ✅ +* Revenue, Profit, & Equity: trending up L4Y. Good ✅ +* Insider Ownership: 11.8% w/ multiple & significant selling several years. Bad ❌ +* Debt / Equity: 1.5% w/ Current Ratio of 3.7x. Good ✅ +* ROE: 35.9% Avg L4Y w/ 34.2% FY20. Good ✅ +* Dividend: None. Neutral ⚪ +* BPS $1.60 (4.6x P/B) w/ NTA $1.45 (5.1x P/NTA). Bad ❌ +* 4Y Avg: SPS $1.43 (5.2x P/S), EPS 30.6cents (24.3x P/E). Bad ❌ +* Growth: +46% Avg Revenue Growth L4Y w/ 29.7% FY20. Good ✅ + +**Fair Value: $5.03** + +**Target Buy: $4.43** + +Some very strong figures. Overall a great business on it's face. Very profitable ROE, conservatively leveraged. Good level of insider ownership (Though I won't touch on it below, the insider selling is a big big red flag. It at the very least tells you that insiders working within the company think A2M is overvalued, and have done so since 2018). The main problem is the pricing is wildly high on its valuation multiples. This isn't that uncommon amongst hyper-growth stocks, but it does come with an element of risk. If you are buying well outside of the current fundamentals, the moment the business shows weakness, you're likely to see a sharp decline in the share price. Coincidentally... + +# The Knife + +https://preview.redd.it/9ybxh7dnk2v61.jpg?width=963&format=pjpg&auto=webp&s=89dcd1d502819b7dc66352664f031e11a882452e + +A2M shrugged off the March crash last year and reached it’s all time high of $20.05 in July of 2020. Indeed, in their FY20 report, the group CEO speculated that the pandemic had a modest positive impact on their overall revenue for that year. + +At the start of June 2020, A2M was the 30th largest company in Australia with a market cap of between 12.8-14.9 billion. However, since August 2020, it has experienced a sharp and protracted fall in its share price. + +On Friday 23rd April 2021, A2M closed at $7.38. Its market cap having sunk to 5.5 billion and it’s rank on the ASX dropping to #91. It had lost nearly two thirds of its market value in the span of 9 months, and the fall doesn’t appear to have yet abated. + +If you had bought the share in July of 2020, you would be down -63.2% currently. Even had you bought it at the "discount" price of $11.45 at the close of last year, you would still be down -35.5% YTD. + +# The Diagnosis + +So what's wrong with A2M??? + +The short answer: China + +The long answer: The Chinese daigou channel has taken a severe hit with the extended international border closures. Furthermore, trade tensions between Australia and China since the 2nd half of last year present some heavy downside risk to A2M's revenue potential. + +**What is Diagou?** + +Essentially, it’s Chinese for “overseas professional shopper”. Somewhat like the grey market imports you might find in Australia, but in reverse. These are Chinese students, tourists, and expats living overseas that make extra cash by buying products domestically and shipping those items back to China for a profit. + +&#x200B; + +[Professional Shoppers, photo Yahoo News](https://preview.redd.it/ldtb7vupk2v61.jpg?width=959&format=pjpg&auto=webp&s=945228bf727d3f56c5afcaf9ae460fa0c429982b) + +The diagou channel has been growing over the years, with online platforms facilitating the process. Some professional shoppers opt to mail their products to family businesses or otherwise to diagou style resellers in China. + +One advantage to diagou is that with the purchase sizes being relatively small, they often will come in under the radar of most customs and tariffs. The regulatory thresholds are intended to capture commercial business activities, which generally are larger transactions and so tend to miss the diagou market entirely. This channel also tends to dodge many tax requirements that more official channels would have to operate under. + +As you can imagine, with the international border closures, Chinese students and tourism travel has been attenuated, and with that the diagou market has had a nock on effect. Without the hordes of Chinese professional shoppers in the country, ready to clear off shelves in your local grocery store, naturally sales will decline. The 1H21 interim report confirms this. + +# The Verdict + +The recent political rift between Australia and China on trade in the 2nd half of 2020 doesn’t fully tell the story about the Chinese market. While that has certainly had a serious chilling effect on export business to the market, and subsequently on stock prices to companies exposed to it, the problem has been manifesting itself slowly in the last several years + +&#x200B; + +[Melamine Scandal of 2008](https://preview.redd.it/p0cfvogyk2v61.jpg?width=964&format=pjpg&auto=webp&s=7df17969a18c12bb14b86b287cec797db7283bfd) + +In 2008, China suffered a baby formula scandal that involved thousands of babies getting sick with rickets and many dying as a result of melamine added to the formula. Melamine is a compound used in the creation of plastics, and was used as a filler in a few Chinese brands. + +Since the scandal, the demand in China for overseas baby formula skyrocketed, to the extent that a significant majority of the market was imported product. The Chinese Government has been attempting to reverse that ever since, using many regulatory methods to push the market back to domestic companies. + +More recently in 2019, the Chinese Government had set a target to facilitate recapture 60% share of the market for its domestic producers. Part of their more recent efforts included cracking down on diagou resellers within China, who had been benefitting from their activities flying under the radar of normal customs and tax authorities. + +&#x200B; + +[Alibaba Group](https://preview.redd.it/ptjqd222l2v61.jpg?width=1037&format=pjpg&auto=webp&s=56c17f119e7564d462ea64164a2868513e85bf6a) + +Professional shoppers might have to seek out more accepted e-commerce platforms in the future, which are in turn more transparent for oversight by the government, and as such come under the regulatory regime more readily. I expect this will limit the competitive price advantage that daigou product once held against the more traditional commercial resellers within the country. + +So, while the situation with international borders will eventually resolve, and the optimistic amongst us may think that trade relations may normalize eventually too. The problem is that the Chinese Government is and has been actively trying to shrink the imports market, and that fact will not change. As such, their sights are set on reigning in the daigou market, which otherwise undercuts their domestic businesses. + +# The Outlook + +One positive for A2M, is that their interim report reveals only a slight impact to the more traditional China & Asia sales channels. This represents nearly half of their formula sales in FY20. This bodes well at least in the short term with regards to the overall impact of the losing the daigou channel. + +&#x200B; + +[\* 2021 figures annualized from 1H21 interim report.](https://preview.redd.it/4rq78c79l2v61.png?width=804&format=png&auto=webp&s=d8f6a4d0b77fb77cb755d164687ca82ba11c386d) + +The difficulty in daigou, is that while it is essentially an export sale to the Chinese market, it is not represented in the sales figures in that region. Instead, it represents some portion of the domestic “Aus & NZ” business. + +However, given the timing of the border closures and political fallout, we can get a decently clear picture of the overall impact when looking at formula sales in the Australian & NZ sector (annualized) vs FY20. + +With no major changes to the current status in the market, Aus & NZ formula revenue is likely to be down around 40-50% in FY21, based on their interim report. This accounts for about 300-400million in revenue. + +&#x200B; + +[\* 2021 figures annualized from 1H21 interim report.](https://preview.redd.it/u327zmual2v61.png?width=803&format=png&auto=webp&s=b615fe7482cb71d578cc88ea83aebdaf07d046dd) + +If we do the same with the consolidated figures, we see a similar picture, with the expected FY21 earnings to be down 16.2% since FY20, or roughly 300million. This is amplified in the expected net profit line due to the difference in gross margins between the two sectors (Aus & NZ tending to be 10-20% higher). + +# The Target + +The real question is how do we value A2M now? + +*^((There’s the additional complication of the recent increases in A2M’s major shareholder interests in Synlait and Mataura Valley Milk. But in the interest of keeping things relatively simple, I'll take their 1H21 figures at face value.)**\*\*)* + +It's reasonable to expect A2M levels off on their revenue for the next year. That puts their expect FY21 closer to the FY18 levels. Their share price on the other hand has hit levels not seen since 2017. So it's undervalued, right? + +[Good Value???](https://preview.redd.it/tvt48h89k2v61.jpg?width=984&format=pjpg&auto=webp&s=0bf54a8c88bca2399be226b9dd2f769f6e33c97f) + +This is where I scratch my head a bit at hyper-growth stocks. On the face of it, A2M is overvalued **right now** even if you use the fundamentals from their FY20 figures. + +And where it the upside? When A2M hit it’s all time high last year, it had an SPS of $2.18 (9.2x P/S), EPS of 49cent (40.9x P/E), and a BPS of $1.43 (14x P/B). These are insanely overpriced multiples. + +Much of their share price even back in 2017 was pricing in the huge 30-60% growth that they subsequently enjoyed until now. + +**Updating the Valuation for FY21** + +If we assume that A2M will cool off given the backtracking in it's overall figures, we may expect a reversion to the mean. Using the expected FY21 figures, we could try to establish a base level for the share price valuation, at which point we can be relatively confident that we are not overpaying for the business as it is now. Using expected FY21 figures, I get the following: + +* SPS $1.82 +* EPS 32.3cents +* BPS $1.60 + +Using these figures, we can estimate the following: + +**Fair Price (FY21):** **$4.02** + +**Target Price (FY21):** **$3.59** + +At that target price, you are buying the business as it is and expecting lower more reasonable growth levels from there on out. That isn't to say that there isn't further downside. Should we want to consider a worst case scenario, that would involve cutting out entirely the China/Asia sector sales, but that seems unlikely at least in the shorter term. + +**Factoring in Growth Valuation for FY22/FY23** + +So really, the question becomes, do we expect A2M to go back to a sharp growth trajectory in FY22 and beyond? If so, one could factor in an additional % of growth to these prices. Here I am personally skeptical, given the larger context. + +However, if we are bullish, I think a 2 year time frame is probably a good one to work with. At current $7.50 share price, EPS would need to be closer to 55cents, which is just a bit higher than in FY20. So I think perhaps it is still a tad overpriced. What we need is to establish a good benchmark for the growth thesis. + +If we think A2M will be able to rebuild much of the daigou channel sales between daigou and traditional e-commerce in FY22 or FY23, then it may be reasonable to use the FY20 figures as a benchmark. Further to that, if we think they can spark off a further run of growth in the proceeding years then the 30% they achieved in FY19-20 I think is also reasonable to use. Taking these figures in mind, I get the following fair & target prices: + +**Fair Price (30%): $6.54** + +**Target Price (30%): $5.75** + +Though, I'd heavily preface that these valuations are asking for a lot of things to go right, so would personally be wanting to see some positive improvements in the FY21 figures indicating the turnaround. + +# The TL;DR + +At the end of the day, I think A2M is a very profitable company with a lot of potential, but even now at a 4-year low, seems to be pricing in unrealistic growth within market sectors that are openly hostile to it. It might be a good buy if you can get it at it's low, but catch this knife at your own peril. Long term prospects in the Chinese market seems tenuous at best. Personally, I think I'll leave this one on the table for others have a go. + +*Thanks for attending my ted talk and fuck off if you think this is advice.* 🚀🚀🚀 + +*Suggestions of other dogshit stocks (that are/were in the ASX 200), and I’ll put them on the watchlist for future DD.* + +*Currently on the Watchlist:* + +*ORG, AMP, SXL, APX, KGN, ASB* + +(Edit: Typos & fixed a section or two) +I have a little over $1 million invested in USDC (US Dollar Coin) currently held with 4 different companies (3 cefi and 1 defi) earning a weighted average rate of 10.5%. Anyone else doing this? Seems to be a good, yet risky, way to earn returns not correlated with most other investments. +Hey guys, without disclosing too much information both my parents have passed away within the last two years. I'm currently a 20 year old studying finance at my state university. With my mother now gone I am the only person left in my family. I grew up pretty middle class but between life insurance and trustfunds set up after my father passing away I have approximately $1.5m in assets on hand. My trustfund is segmented into 3 payments one of which I just got, one for after I earn an MBA and one when I'm 30 totaling to $3.7m. Truthfully I am extremely overwhelmed with everything going on and the money is the last thing I'm concerned about. I have extremely bad depression from my father passing away and have struggled with suicidal thoughts for years now. I'm very worried I will have to take time away from school because I'm mentally in such a bad place. Between losing my entire family, having to deal with estate bullsh\*t, and school I feel so overwhelmed with everything on my plate. I would like to get a financial advisor but really haven't started looking into what that entails. At the moment I have 2 properties but have absolutely no idea where to start, how to find new tenants since one is leaving, or whether I should just sell them both. Any advice is appreciated. + +&#x200B; + +Edit: Breakdown of the $1.5 + +\~$900k in stocks, bonds, retirement, roth ira, 401k, etc. + +\~$117k cash on hand + +\~$483k in commercial real estate I hold the property titles for +House Speaker Nancy Pelosi on Wednesday rejected the idea of banning members of Congress and their spouses from holding and trading individual stocks while in office. + +"This is a free market, and people — we are a free market economy. They should be able to participate in that," Pelosi said when asked by Insider at her weekly press conference. + +Insider also asked Pelosi about "Conflicted Congress," a 5-month-long investigation by Insider that found 49 members of Congress and 182 senior congressional staffers have violated the STOCK Act, a law to prevent Insider trading. + +The Speaker said she had not yet seen the project, but said that it's important that members are complying with the law. + +"If people aren't reporting, they should be," she said. + +Pelosi's position puts her at odds with the likes of progressives like Sen. Elizabeth Warren and Rep. Alexandria Ocasio-Cortez, both of whom have called for banning members of congress from trading stocks while in office. + +"It is absolutely ludicrous that members of Congress can hold and trade individual stock while in office," Ocasio-Cortez recently wrote on Twitter. "The access and influence we have should be exercised for the public interest, not our profit. It shouldn't be legal for us to trade individual stock with the info we have." + +And on Tuesday, Sen. Warren told Insider that she had seen Insider's investigation, calling out the "brazenness" of members and staffers trading stocks even while having access to privileged knowledge. + +"We need both tougher laws and enforcement of those laws," the Massachusetts Democrat told Insider. "The American people should never have to guess whether or not an elected official is advancing an issue or voting on a bill based on what's good for the country or what's good for their own personal financial interests." + +Asked about progressives' position on the issue, a spokesman for Pelosi signaled that the speaker prefers a transparency-focused approach to insider trading. + +"The STOCK Act exists to shine a bright light on trades by members of Congress," said spokesman Drew Hammill. "Sunlight is the best disinfectant." + +"The speaker does not own any stocks," he continued. "As you can see from the required disclosures, with which the speaker fully cooperates, these transactions are marked 'SP' for spouse. The Speaker has no prior knowledge or subsequent involvement in any transactions." + +Pelosi's husband, investor Paul Pelosi, frequently trades significant numbers of stocks. With her husband's assets considered, Pelosi ranks among the wealthiest members of Congress, according to an Insider analysis. + +Insider has identified numerous examples of federal lawmakers trading stocks in industries they oversee as part of their congressional committee assignments, including within the defense, healthcare, and energy industries. + +bus inessinsider.com/we-are-free-market-economy-pelosi-rejects-stock-ban-congress-2021-12 +I've heard that compounding is really beneficial and the earlier you start the better. I have some money saved up but I am completely new to investing. What would you recommend? + +Note that I do not have an income yet (so I cannot save every month yet, whatever I invest will be lumpsum and only once) but I am over the age of 18. + +Edit: Thank you so much all of you to take out the time to comment and share your knowledge! I am very grateful. +On Investigating around 20 MFs there is a recurring choice of companies. + +1. ICICI Bank +2. Axis Bank +3. Reliance Industries Ltd +4. The Clearing Corporation of India Limited +5. Bajaj Finserv Ltd. +6. Avenue +7. Avenue Supermarts Limited +8. Infosys +9. TCS +10. Kotak Mahindra Bank +11. Larsen & Toubro Limited + +Why so much skewed and bent towards these companies and so much heavy weight on Financial companies? + +I’m old comparatively, early 50’s, and pretty much the only one in my friend or family group that’s retired. I constantly get asked what I do and beyond answering “as little as possible”, or “I sit on the beach and drink beer” I basically live a life of leisure with a somewhat more focused approach to investing because I have the time now to do that. That is my identity at this point in my retirement. + +I’ve been retired for three years and this is the question I spend the most time answering or talking about, just the general “What do you do?”. + +Curious how you all answer that question, I’m sure you get it too, right? +# + +[Banner submission by u\/ElectricEasel](https://preview.redd.it/gy2xzn14xev61.jpg?width=11012&format=pjpg&auto=webp&s=b3f174b844a23eac95894b5088e6d575f54e7766) + +# Good Morning Superstonk! + +&#x200B; + +[To ease the pain](https://preview.redd.it/sggrybx9mev61.jpg?width=299&format=pjpg&auto=webp&s=07b6bedb0d70813005fb2e3fdfd2e8217a7e9eef) + +&#x200B; + +So, it’s Monday morning, the market opens in a few hours, you’ve got your coffee (or your beer for you Europoors) and you’re ready to sit down and have a read of Rensole’s daily DD…. + +Then you remember. And suddenly you feel worse than when your spouse asked you what happened to the Disneyland money you’d saved (YOLO, amirite?). Rensole’s DD is no more, and a chapter in the GME saga has closed. *HODL me* 😭😭😭 + +*This is a note to Rensole. Feel free to scroll down to Dr. Trimbath's picture if you’re just looking for the Daily DD* 😊 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Before I begin, I’m going to tell you that without Rensole and his daily posts, Pink Cats- and a lot of the comradery of this sub- would probably not be here. After reading about GME since December on WSB, I bought my first share on January 18, 2021. And I’ve been buying and HODLing ever since. But for any of you apes from the jungles of January, you know that the dip after January 28th felt like a punch in the gut. February was ***brutal***. I questioned my sanity, I cried in the shower, I mentally punished myself daily for continuing to hodl instead of just selling. I just threw my family’s savings into something I’ve been reading about on *reddit* FFS!! + +&#x200B; + +But then we migrated to r/GME, and our favorite Anchorman began showing up on our screens right on time every day. + +&#x200B; + +And he never relented. I remember days when he was sick or didn’t feel good. He still posted that beacon of hope, shining forever brighter, to lead all the apes into a new day of trading. How badly did you need that shit mid-to-late February? And Rensole was there to deliver rock steady words of stonkiness. It was like a hit of Hopium straight to the brain every morning. Friendships were built in those comments. + +&#x200B; + +Although I know he would never admit it himself, this community would **NOT** be where we are today without Ren. The gratitude I owe him for getting me through the slumps and shrugs in this GME saga is *infinite*. I never felt like I was HODLing alone. Thank you for all you’ve done for the apes. Though all you can hear sometimes are the haters, you have always been loved and appreciated by this community. Thank you for teaching us the power of being excellent to each other. We all owe you a beer on the moon. Cheers, Rensole and stay classy. :salute: + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🚨BREAKING NEWS🚨 + +# AMA Confirmed with Dr. Susanne Trimbath, PhD Economist, to Livestream on Superstonk Live YouTube* April 29 at 3pm EST, With Questions curated and presented by u/Atobitt + +&#x200B; + +[Dr. Susanne Trimbath, PhD Economist](https://preview.redd.it/sn43dty7aev61.jpg?width=750&format=pjpg&auto=webp&s=e41dfb3f784cb8e089e7ebbf52773aa9e9be053f) + +**\*NON-MONETIZED CHANNEL** + +So the first time I heard about Dr. Susanne Trimbath ([bio](https://www.gminsight.com/bio-susanne-trimbath))was when I watched [this documentary](https://www.youtube.com/watch?v=Kpyhnmd-ZbU&t=2217s). (Skip to 16:50 if you're just looking for the Dr. T bits but I suggest you watch this whole video when you have time.) This legend first discovered Naked Short Selling in *1993.* And what was the response from officials when she told them about this activity? "You can't balance the world." + +&#x200B; + +**Well I don't know about you apes but I'm ready to balance the damn world.** + +&#x200B; + +So that brings us to Brick Tamland (u/Bye\_Triangle) with more info on this developing story... + +&#x200B; + +[Brick Tamland \(u\/Bye\_Triangle\)](https://preview.redd.it/acasio0h8ev61.jpg?width=1800&format=pjpg&auto=webp&s=00482ba6d647b34a211e9a5dc067ed42b7cbe722) + +We interrupt your regularly scheduled programing for some Breaking news + +\*Queue News-like music sting\* ***Susanne Trimbath... Now this AMA is going to be a heavy-hitter.*** + +Trimbath has a history that is very applicable to our current situation. Once the manager of the DTC, specifically working in Settlement and Clearing, Trimbath spent much of her career trying to destroy the corruption of Wall Street, with regards to Naked Short selling. + +Authoring two books on the subject of Wall Street corruption, Trimbath is eager to take this opportunity to speak to us apes about this very topic as it relates to the GME situation, but also the markets as a whole. + +Please, check out her books on the topic, they are extremely relevant: + +\-Naked, Short and Greedy: Wall Street's Failure to Deliver + +\-Lessons Not Learned: 10 Steps to Stable Financial Markets + +&#x200B; + +But Apes, Guess what! We saved the most exciting announcements for last. Not only are we having Susanne Trimbath on for an AMA... but it is going to be a livestream on our new \*\*\*NON-MONETIZED\*\*\* [Superstonk Live YouTube Channel](https://youtu.be/9rKS92zwh_o)! Mods have been working through the night to build a platform that apes can trust to host interviews such as this. (Stay tuned for more details on the channel.) + +Though, unlike the Domo Capital AMA, we will have one of our very own apes hosting the Q & A, with questions sourced from the AMA post as well as drawing from their own expertise. This person recently wrote a certain DD called "House of Cards" ... **That's right folks, your very own** [u/Atobitt](https://www.reddit.com/u/Atobitt/) **is our host!** Atobitt has been hard at work preparing for this interview, so you are going to want to stay tuned so you don't miss this. + +Tuesday, April 27th The AMA post will go up (for you to submit questions!) + +Thursday, April 29th, 3:00 PM EDT the AMA will be LIVE! [Link to YouTube Channel](https://youtu.be/9rKS92zwh_o) + +Back to you, u/PinkCatsonAcid + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# GME wants YOU to VOTE (no, REALLY!) + +&#x200B; + +[Vote!](https://preview.redd.it/69zvcn8h7ev61.jpg?width=842&format=pjpg&auto=webp&s=5ee1ffc35c04359b5f85c8704a910588203ad631) + +So our friend u/StonkU2 did an awesome writeup [here](https://www.reddit.com/r/Superstonk/comments/mxhcnq/beware_phishing_scams_are_trying_to_steal_your/?utm_source=share&utm_medium=web2x&context=3) about the upcoming GME Proxy Vote. Essentially you need to make sure that you understand the following: + +* Your broker should contact you with proxy voting info and your Shareholder Control Number. This will likely show up in your broker inbox on your main dashboard sometime this week, if it hasn't already. But if you haven't gotten it yet today, don't freak out yet. I know I'm going to wait until at least Tuesday or Wednesday before calling to retrieve my Control Number because most brokers should have this info out by mid-late this week. Of course, it's ultimately best for you to check with your broker yourself if you ever have questions. +* DO NOT LET GO OF THIS CONTROL NUMBER WHEN YOU GET IT. APE PROTECC TICKET TO ROCKET SHIP LIKE IT WAS GOLDEN BANANA. GOT IT? That means don't go clicking phishy looking links around Twitter or reddit or ANYWHERE that isn't sent directly from your broker! I can however verify that the correct link is: [https://news.gamestop.com/proxy-online-0](https://news.gamestop.com/proxy-online-0) . This is the only place you should be sharing the Control Number!!! +* Did you hear me? **DO NOT CLICK ANY LINK TO VOTE THAT DOESN'T COME DIRECTLY FROM YOUR BROKER.** Pretend it's 2001 and you're downloading sketchy "music videos" on Limewire on the family computer. Just be vigilant. + +Now that I've made that point clear, I want you to understand how important it is that every shareholder exercises their right to vote. And that's not anyone's personal opinion, and don't let Shilly FUD tell you that you're somehow orchestrating something by exercising your right to vote. + +# Gamestop is asking shareholders directly to VOTE ASAP!!! + +Allow me to read you this excerpt from the 2021 [Gamestop Proxy Statement](https://news.gamestop.com/node/18846/html): + +*"Your* ***vote*** *is important. Even if you plan to attend the annual meeting, we request that you vote your shares* ***as soon as possible*** *by following the voting instructions contained in this proxy statement."* + +as well as: + +*"We are* ***planning for the possibility that the ANNUAL MEETING MAY BE HELD SOLELY BY MEANS OF REMOTE COMMUNICATION.*** *If we take this step we will announce the decision to do so in advance of the Annual Meeting, and detail on how to access, participate in, and* ***VOTE*** *at such meeting will be set forth in a press release"* + +So not only are they **SCREAMING AT US TO VOTE AS SOON AS POSSIBLE** (after your broker contacts you about it), they're also telling us that they're discussing a way to livestream it and let us apes in on the action in real time. Of course we will keep you updated here on the Daily, but also stay on top of your broker situation. Looks like something should be officially released by April 28, 2021 as far as details from Gamestop. + +&#x200B; + +[Banner submission by u\/itsdaynotdave](https://preview.redd.it/0wc2m40d7ev61.png?width=4001&format=png&auto=webp&s=5c7b9344215bcb487952d449f1975413bdc7ab0f) + +# A note from your friendly local Pink Cat + +If this is your first time reading my material, Hi! I'm u/PinkCatsOnAcid and I've been here in the GME Jungles of r/wallstreetbets, then r/GME, and now my lovely home of r/Superstonk. I've been memeing and vibing with my apes from the first drop of the Tendieman. I love this place. I am legitimately honored that I have been entrusted to help steer this rocket. I am going to echo what u/redchessqueen99 has said and swear to you this right now... + +**I WILL NEVER SELL OUT OR SELL ALL MY GME** + +If you ever see me posting something totally not PinkCats-like, I've been compromised. Y'all know I'm just a trippy cat that likes to meme and sometimes I hack up word-balls. And you know how much I like the stock. I'm not interested in *money,* I'm interested in *GME Tendies.* + +**I will never sell all my GME and I will never sell out this reddit account. You have my word.** + +I love you crazy mf-ers and I ain't going anywhere. You're stuck with me. 💎💅🚀 + +[Committed to you like Kenny to his shorts](https://preview.redd.it/v7huto5u1fv61.jpg?width=750&format=pjpg&auto=webp&s=09cce0e846ce21a93537520fe2e9bc638827a24b) + +Also, if I didn't get to you in yesterday's Flair Megathread, I will! I promise! And I will be doing another one very soon. That was fun and I had to cut it short to do boring mod stuff and fight some shills. 🔫 But we will resume on another weekend! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# More Notes on FUD tactics + +If you haven't yet, please read our Reigning Queen Red's [post](https://www.reddit.com/r/Superstonk/comments/mx887u/code_red_subreddit_weekend_update/?utm_source=share&utm_medium=web2x&context=3). She said it beautifully so I won't rehash here. Just beware of the new age psy-ops happening in this sub. And the mod team is taking extensive measures to crack down and clean up the page without limiting the free flow of conversation. I can tell you this- I certainly won't use the ban hammer with a heavy hand, but I think y'all know by now I have a nose for bullshit and won't tolerate any nonsense in here. The mod team is not afraid to ban an obvious shill. And remember... if you look and talk like a shill, we are probably going to mistake you for one. We're working very hard to clean house around the sub before our guest arrives. Bring facts and research with your posts, especially if requested to provide proof of claims. I've lost 2 subs. I'm not letting you take my Superstonk, shills. + +&#x200B; + +https://preview.redd.it/su8nu5fb7ev61.png?width=554&format=png&auto=webp&s=b53074f8efeab10c572d4a3460e7abd459686da5 + +&#x200B; + +In the words of Rensole... + +**Be excellent to each other!!!** + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +**This helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out** + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +&#x200B; + +**Links you should read if you have time:** + +[DD: Here's what happens if there is over-voting (More votes than shares issued)](https://www.reddit.com/r/Superstonk/comments/mya2a8/dd_heres_what_happens_if_there_is_over_voting/?utm_source=share&utm_medium=web2x&context=3) + +**Links to socials:** + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +&#x200B; + +**Edits** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ +**What the fuck is wrong with some of you people?** + +u/ButtFarm69 steps up and creates something amazing that will benefit ***needy kids*** who likely won't get shit for Christmas and some of the responses are basically "Go fuck yourself mod that's money that could go to shares, DRS is the way!" + +***ARE YOU FUCKING KIDDING ME?*** + +First off, if your attitude about a toy drive for kids that benefits needy children is "the money would be better spent on more shares" then fuck you, you selfish POS. You don't deserve life-changing money. + +Second, the donation goal they set ($741,420.69) is less than $2 per member of this sub. I don't think I need to explain that one any further. + +Third, you seem to be ignoring or completely oblivious to the positive effect this will have on Q4 earnings which helps us all reach MOASS quicker. We can't just assume DRS or NFT or anything else will guarantee lift-off. Even if they announce it today, it could be months before MOASS starts. It could very well be a combination of factors creating another mass FOMO event like what happened in January. Like an amazing Q4 earning call... have you motherfuckers forgot what Cuban told us? + +&#x200B; + +[\\"BEST THING YOU CAN DO IS SHOP AT GAMESTOP\\"](https://preview.redd.it/8t8xvvhmtsx71.png?width=867&format=png&auto=webp&s=940480ca9c1c7b9a398167a245fd820f37f041ad) + +What do you think will happen if GameStop ***SMASHES*** Q4 earnings expectations? MASS FOMO + +Yes, continue to buy via IEX or Computershare and DRS will always be the way. But don't be a GD Grinch. It's time to back up all that talk about apes being better than the greedy 1% that we are up against. + +**GMERRY CHRISTMAS TO ALL** + +Edit: Congratulations, you stingy apes have apparently made this one of the most controversial posts on Reddit today and made me a member of r \ controversialclub. Cheers! 🍻 +>The story of U.S. inflation in 2021 could very well amount to this: It’s all a mirage. + +>Americans are likely to see prices jump across a variety of sectors next year, thanks in part to Covid-19 vaccines that will potentially turbocharge demand for such pandemic casualties as travel and tickets to sporting events. + +>With prices also climbing for some inputs such as copper and lumber, inflation could very well reach or surpass the Federal Reserve’s 2% target in some months. Financial markets are increasingly pricing in higher inflation in coming years, and debates over whether the central bank should start easing back its record monetary stimulus may intensify. + +https://www.bloomberg.com/news/articles/2020-12-07/get-ready-for-the-great-u-s-inflation-mirage-of-2021 +I am a technical equities trader and market analyst. + +I still see tons of people on the sidelines calling for a housing market crash. + +Just wanted to give everyone a friendly reminder that when the average person is trying to time the market crash either in Stocks or housing chances are it won't happen. + +From my experience whenever people start to scream that the markets are over price and the average person starts to position them self for a crash usually what happens is the market continues its trend until the doomsday or's finally give up and then the market corrects. + +I could be wrong but the amount of people I see on the sidelines calling a crash reminds me of many other Situation's. + +Actually I want to say that for the people waiting for interest rates to go higher are likely going to be waiting until 2022 or 2023. By that time the housing market could go up another five or 10%. If there was some kind of correction it could bring us down to today's prices or early 2021 prices but with higher interest rates. + +My advice would be trying to time the market isn't the way to go. + +For the people waiting for the crash it is likely you will be waiting multiple months or even years before something fundamentally changes +So when I look up the definition of socialism, it says it’s the government controlling the means of production. However, whenever someone is talking about the government redistributing wealth, people say “that’s socialism”. But how is that socialism? Isn’t the definition of socialism just the government basically owning businesses? Wouldn’t wealth redistribution be a different thing, since the government isn’t actually owning the means of production, they’re just taking from one person to give to another? +EDIT: I was recently contacted by someone who has completed a 6 month tour with this organization. He had expressed that the Virgin Islands more desperately need able bodies to assist in hurricane relief efforts. Puerto Rico was the focus of most western media and as such, does not have a shortage of people to assist. If you can make this work, please consider donating your time/energy/efforts to the Virgin Islands first. + +Thank you all for the overwhelming amount of support and interest. We can turn this community into a service for greater good and not only raise global awareness for ethereum, but make this world a better place. + +I recently made the decision to come to Puerto Rico for a prospect in the crypto space. I've been researching volunteer opportunities and stumbled upon a pretty great one if anyone is interested. It includes free accommodation, meals and free round trip ticket from mainland US for volunteering 2 weeks or more. + +Although the hurricane coverage has fallen out of the media spotlight, the devastation is still very much present. As early as the flight into San Juan, you can see people's homes covering their swept away roofs with blue tarps. Many of the interior cities are inaccessible being blocked by rubble and are still without power. Major resorts, hotels, and lodges are booked out with FEMA contractors still working tirelessly to get America's Carribean colony back up and running. Even with all this, Puerto Ricans still continue to smile and have shown me nothing but the highest level of hospitality. + +Let's be better than what Consensus has portrayed us to be. We have a real opportunity here to make the world a better place not just with the adoption of blockchain technology, but also with what we can do with new found wealth and Independence. + +God bless the financial revolution + +https://www.volunteermatch.org/search/opp2872603.jsp +&#x200B; + +* Since June 30, I’ve tried to post this no less than 10 times across multiple GME subreddits (I’ve lost count tbh) **as well as my own profile** +* Every single time I do, the post gets removed, and I don’t get any reason why- absolute Reddit silence, even on my own profile +* I KNOW it’s NOT Superstonk mods or Superstonk automod filter or any other GME subreddit mods/automod filters (I can 100% prove it, and I will once post is live...EDIT: here's the proof: [https://archive.ph/pgE68](https://archive.ph/pgE68)) +* I’m now attempting to post screenshots first and will be replacing the screenshots with the post text and direct links that you see in the screenshots (**with some important edits/additions, FYI**) as soon as the post is live/visible + +# TITLE IS THE MAIN TAKEAWAY: The EXACT SAME current reported public float of 99.74 million GME shares showed up on WSJ EXACTLY 3 years ago TO THE FUCKING DAY on June, 30 2019, and we need to figure out why + +So here’s what to expect next: If the post actually goes live and stays up, I’ll be leaving the screenshots in the post, but at the bottom. All text to replace the screenshots will be at the top as the post should have gone live in the first place. If it’s getting removed because of fuckery, then fuck fuckery. + +# Here goes: + +# = = = = = = = = = = + +# EDITS: + +* ***1*** + * ***ALL OF THE FOLLOWING BETWEEN THE "Synradern" COMMENT SCREENSHOT AND THE BLOCK OF*** 🟣 ***PURPLE CIRCLES IS THE POST I ATTEMPTED TO MAKE NUMEROUS TIMES BUT WAS REPEATEDLY REMOVED. AFTER THE BLOCK OF*** 🟣 ***PURPLE CIRCLES ARE THE SCREENSHOTS I USED TO GET THIS POST LIVE*** +* ***2*** + * u/Region-Formal **just posted** [**HERE**](https://www.reddit.com/r/Superstonk/comments/vsuijd/to_back_up_uexpensivetwo8128s_post_yesterday/) **(*****"To back up Expensive-Two-8128's post yesterday about Public Float in Jul 2019 possibly being identical to current reported "glitch" of 99.74M, I found a more official stock website (than just a random Seeking Alpha user comment) that also contains the same market data \[See comment below for link\]"*****) confirming with another source that the public float did in fact report as 99.74 million in June of 2019** +* ***3*** + * **Make SURE you check** u/throwawaylurker012**'s comment** [**HERE**](https://www.reddit.com/r/Superstonk/comments/vs9az1/comment/if00n5y/) **re: timing of dividends ending for other companies and what that could potentially mean for this find re: GME** + +# = = = = = = = = = = + +https://preview.redd.it/zx9jjoc6kt991.png?width=2254&format=png&auto=webp&s=dc759345d087300f0caa606a6f65df13693c0302 + +# TL;DR: + +Basically the title: The EXACT SAME current reported public float of 99.74 million GME shares showed up on WSJ EXACTLY 3 years ago TO THE FUCKING DAY on June, 30 2019, **and we need to figure out why.** + +# = = = = = = = = + +&#x200B; + +# Most of us have seen [THIS POST](https://www.reddit.com/r/Superstonk/comments/vo6lnt/multiple_sources_reporting_gme_public_float_now/) “Multiple sources reporting $GME public float now 99.74M, exceeding shares outstanding @ 741Trey on Twitter ⏳💣” by OP u/2breel + +* When OP's post went up this past Thursday, June 30, I was reading through comments and decided to archive some of the MSM's market data sources that currently report a factually impossible GameStop public float of 99.74 million shares...it's always nice to be able to document fuckery, amirite? +* So I started Googling “gme” + “public float” + “99.74” +* But there were too many random search results because the information was already everywhere online being discussed, especially on Reddit and Twitter... + * *NOTE: Here are the 2 current GME pages I did find and archive- both obviously show GameStop's public float 99.74 million share we're all now aware of:* ***WSJ:*** [***https://archive.ph/C4990***](https://archive.ph/C4990#selection-4689.0-4693.7:~:text=Public%20Float,99.74%20M) *…and…* ***MarketWatch:*** [***https://archive.ph/KF00p***](https://archive.ph/KF00p#selection-4203.0-4216.0:~:text=PUBLIC%20FLOAT,99.74M) + +# + +# ...That’s when I narrowed my search w/ “-reddit”, and found THIS: + +# + +# On May 21, 2019 DOMO Capital President/Founder Justin Dopierala posted a GameStop article on Seeking Alpha: + +* The article was titled **"GameStop: Activists May Swarm"** +* **\[ Article Archive Link HERE:** [**https://archive.ph/rBgJn**](https://archive.ph/rBgJn) **\]** + * *Seeking Alpha link here:* + * [*https://seekingalpha.com/article/4265504-gamestop-activists-may-swarm*](https://seekingalpha.com/article/4265504-gamestop-activists-may-swarm) +* At first, I couldn't understand why this Seeking Alpha article from May of 2019 kept coming back in my **verbatim** Google search results when what I was trying to find was *a unique GME data event that happened 3 years later on June 30, 2022* +* I thought maybe it was because Seeking Alpha might be using a live metric field for the public floats of companies, and they just allow that field to be auto-populated per whatever changes are fed to it from data/metadata sources + +&#x200B; + +# But then I figured it out: 2 months after DOMO Capital's GameStop article was posted, Seeking Alpha user "Synradern" made the comment from the screenshot above on July 18, 2019: + +* **Direct link to comment here:** + * **\[** [**https://archive.ph/rBgJn#selection-7631.3-7687.21:\~:text=Synradern,05%3A20%20PM**](https://archive.ph/rBgJn#selection-7631.3-7687.21:~:text=Synradern,05%3A20%20PM) **\]** +* **Text of the comment:** + * \*\**“I looked on* ***WSJ*** *which has short interest info. GME had 47.83 million shares sold short* ***AS OF*** ***\[JUNE 30, 2019\]****. There were 102.27 million shares outstanding.* ***PUBLIC FLOAT OF 99.74 MILLION***\*.\* (all emphasis my own) + * *They just bought back 12 million bringing the numerator down to about 90 million. So I would guess that at least 50 percent of the float is short currently.****”*** +* **THIS MEANS:** + * The Seeking Alpha article from May of 2019 kept coming back in my **verbatim** Google search results **BECAUSE** what I was trying to find was **NOT** ***a unique GME data event that happened 3 years later on June 30, 2022*** + +&#x200B; + +# Running list of questions- let's add to this and dig DEEP: + +*This question list is not exhaustive- I’m just brainstorming here. If anyone has any questions that also need to be asked please let me know and I’ll add them to the list!* + +&#x200B; + +* **Question 1:** + * What could possibly have caused the **EXACT SAME PUBLIC FLOAT OF 99.74 MILLION** (that we're seeing **NOW, AS OF/SINCE JUNE 30, 2022**) to show up EXACTLY 3 years ago **TO THE FUCKING DAY** on **WSJ**? +* **Question 2:** + * Because it’s extremely likely that many other market sites/platforms reported this same public float number when WSJ did 3 years ago: Does anyone have the ability/access to look up this specific 99.74 million share public float historical info for each month of 2019? + * I think we should be looking from approx. Jan/Feb through at least Aug of 2019 on GME on all available market sites/platforms- June 2019 is obviously the absolute minimum money shot I’m hoping we can find + * If ANYONE can drill down and find this same info (WSJ included), PLEASE Document it: List the link in the comments AND archive it at [https://archive.ph/](https://archive.ph/) (even if all you can do is screenshot it, and archive *THAT*…evidence is evidence!) +* **Question 3:** + * June 2019 is just a couple months after GameStop issued it’s last dividend: $0.379999995 issued on March 29, 2019 + * Then on Tue, June 4, 2019, GameStop announced they would eliminate the quarterly dividend, “effective immediately, to save about $157 million a year” (sauce: [https://archive.ph/3f4d1](https://archive.ph/3f4d1)): + * Was GameStop’s announcement ending the dividend a big fucking green light for financial criminal hedge funds & their ilk to ramp up naked shorting, causing the reported public float to balloon soon after? +* **Question 4:** + * Was there some sort of technical data/metadata reporting change due to the dividend ending that caused the systems to feed out this 99.74 million share public float? (A figure that, maybe was supposed to be kept hidden? Or possibly a figure that maybe they even weren’t aware would feed out?) +* **Question 5:** + * Could there be some current 2022 technical data/metadata reporting change that just took place behind the scenes to prep for a potential dividend being turned back on? +* **Question 6:** + * Link to a Google search of news around that time (Jan 1, 2019 - Aug 31, 2019) is ***\[*** [***\[HERE\]***](https://www.google.com/search?q=%22gamestop%22&biw=1728&bih=959&sxsrf=ALiCzsYxX3Yguj1HZp5p4rNzkI0CXC7raQ%3A1656885761150&source=lnt&tbs=cdr%3A1%2Ccd_min%3A1%2F1%2F2019%2Ccd_max%3A8%2F31%2F2019&tbm=nws) ***\]*** + * Do any articles from around that time (see Google search link above) contain hints at what might’ve been taking place behind the scenes that the headlines needed to create false cover for? +* **Questions 7-41:** + * *TBD per post comments/discussion* + +# + +# This cannot be a coincidence: + +* I mean, *maybe* it can...you know, like the laundry list of other gLiTcHeS that repeat exactly every 3 years and all /s +* Consider all the things that can happen to increase and reduce the public float size of a company over 3 years’ time +* **Consider all the things that** ***HAVE*** **happened w/ GameStop's public float size over all this time…and then it shows up 3 years later to the day at exactly 99.74 million shares** ***again***? + +&#x200B; + +# Right…no fucking way this is a coincidence + +# + +# Running list of additional info around this time in 2019: + +* ***Potentially helpful context for anyone digging into this…I'll list more bullet points if anyone finds general info that should be added:*** +* **Bullet Point 1:** + * The price of GME at the time was between $5.47 (June 24) & $5.52 (July 1) +* **Bullet Point 2:** + * Here’s WSJ’s historical chart for June 2019, showing 170+ million total shares traded: + +https://preview.redd.it/oscph10wsx991.png?width=3456&format=png&auto=webp&s=0f9a92b774b07d91a81bf1e8f6524ced608535a3 + +* **Bullet Points 3-???:** + * *TBD per post comments/discussion* + +# = = = = = = = = + +***Quick Note re: SA user "Synradern":*** *I’ve got more background info I’m collecting that I believe is meaningful enough to add to the post- will do so ASAP* + +# + +# + +^(🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣) + +&#x200B; + +# + +https://preview.redd.it/aus487e8kt991.jpg?width=1169&format=pjpg&auto=webp&s=6c61e67d55e032253beaedc3d5bc840fa978eaf8 + +&#x200B; + +https://preview.redd.it/p8emfw0dkt991.jpg?width=1168&format=pjpg&auto=webp&s=4aea5d4b8d663bc999eaee9c268dc31d3bcbb4fb + +&#x200B; + +https://preview.redd.it/rod03pmfkt991.jpg?width=1169&format=pjpg&auto=webp&s=554d2f2a2abba5a7e4dac140d55262d8363df4f9 + +https://preview.redd.it/mx4k3xbskt991.jpg?width=1169&format=pjpg&auto=webp&s=c0ab5961b726dcbc88c472eb8251029418b0a3e4 + +&#x200B; + +https://preview.redd.it/il65ij7ukt991.jpg?width=1169&format=pjpg&auto=webp&s=f5a896f07233f58ad6d10b23a0febc4a34c98dac + +&#x200B; + +https://preview.redd.it/ltd5u8bwkt991.jpg?width=1168&format=pjpg&auto=webp&s=9cd6809517041d314cb163db46c8cbf8a1d3d99a +For those unfamiliar with Yang, the Freedom Dividend is a UBI of $12,000 to every adult American. + +From his site, here is how he plans to pay for this: + +>1. Current spending: We currently spend between $500 and $600 billion a year on welfare programs, food stamps, disability and the like. This reduces the cost of the Freedom Dividend because people already receiving benefits would have a choice between keeping their current benefits and the $1,000, and would not receive both. +> +>Additionally, we currently spend over 1 trillion dollars on health care, incarceration, homelessness services and the like. We would save $100 – 200+ billion as people would be able to take better care of themselves and avoid the emergency room, jail, and the street and would generally be more functional. The Freedom Dividend would pay for itself by helping people avoid our institutions, which is when our costs shoot up. Some studies have shown that $1 to a poor parent will result in as much as $7 in cost-savings and economic growth. +> +>2. A VAT: Our economy is now incredibly vast at $19 trillion, up $4 trillion in the last 10 years alone. A VAT at half the European level would generate $800 billion in new revenue. A VAT will become more and more important as technology improves because you cannot collect income tax from robots or software. +> +>3. New revenue: Putting money into the hands of American consumers would grow the economy. The Roosevelt Institute projected that the economy will grow by approximately $2.5 trillion and create 4.6 million new jobs. This would generate approximately $800 – 900 billion in new revenue from economic growth. +> +>4. Taxes on top earners and pollution: By removing the Social Security cap, implementing a financial transactions tax, and ending the favorable tax treatment for capital gains/carried interest, we can decrease financial speculation while also funding the Freedom Dividend. We can add to that a carbon fee that will be partially dedicated to funding the Freedom Dividend, making up the remaining balance required to cover the cost of this program. + +So, most of the UBI is funded through the VAT tax and economic growth. My question to you guys: **would this plan cause the economy to grow?** +Benjamin Graham, author of the investing tome *The Intelligent Investor* advocated buying stocks trading at less than their net working assets (cash in the bank minus any debts). In theory, this sounds great but very few stocks trade that cheaply anymore, apart from scandalous small caps allegedly with accounting frauds. + +One of Benjamin Graham’s investment criteria instructs conservative investors to avoid trading stocks trading above 1.5x their book value. If one would have followed this advice, in the last decade they would hold nothing but a few insurance and bank stocks. + +Just before Graham died in 1976 he was asked if detailed fundamental analysis of stocks (a technique he became famous for) was still a favorable investment strategy, his exact words were - + +>“In general, no. I am no longer an advocate of elaborate techniques of security analysis in order to find superior value opportunities. This was a rewarding experience, say. 40 years ago, when our textbook \[Security Analysis\] was first published. But the situation has changed a great deal since then." + +&#x200B; + +*PS. Graham's wisdom such as the ideas of 'Mr. Market' and 'Margin of safety' are timeless.* +I'm thinking of a simple strategy to arb Bitcoin + +The strategy is to be connected to a few exchanges where I have deposited Bitcoin and trade in opposite directions when the bid in one exchange is in-cross with the ask of another. + +For example, I have the following prices: + +* Exchange A: bid 30000, ask 30010 +* Exchange B: bid 30015, ask 30020 + +So I'd buy at 30010 in Exchange A and sell in Exchange B at 30015 for a profit of 5 minus fees. + +To cancel out most of the exposure to Bitcoin itself, I'll buy a Put. + +The risks I identify here are: + +1. Only one of the legs trades +2. I don't make enough money to pay for the theta I lose on the put +3. I spend too much money on fees. This can be largely minimized if I only trade when the profit is large enough to cover the fees (which will make me trade less, but who wants to trade at a loss anyway?) +4. This strategy is quite capital intensive: i'd need Bitcoin in both exchanges. I won't need Bitcoin in the exchange where I buy the puts because they are cash settled, so even if I want to assign the other side, I won't need to actually sell them Bitcoin. + +This seems too simple to work, so do let me know where it falls short. +https://www.reddit.com/r/Ripple/comments/7rgdmz/update_19012018_923_of_xrp_tracked_jed_mccaleb/ + +The rest is owned by known large holders related to Ripple labs and some early japanese investors. + +Of the 10% held by the masses: 7.7% is owned by unknown wallets, and the rest is held by exchanges (so it could be even less assuming Ripple staff also use exchanges to sell). + +https://docs.google.com/spreadsheets/d/17_Wgo4iwGoPB1JenxD5fHtJ0HQYLpb669zaNemPojG4 +I’m a qualified person to post in this sub but still, that doesn’t mean much. I know what things happened to work for me. A combination of how I present myself, some luck, how I communicate, and how I ask for more in a respectful way led to an unusually high income. But.... who really knows maybe it was just luck. + + + + +Corporate people in this sub, what strategies do you use to climb the ladder, raise your status at your company, and to negotiate a higher income? Here are a few random questions I can think of to trigger conversation. + + +1. How often do you go back and ask for more/ask for more a raise, annually? More often? Do you prefer to be the squeaky wheel or to be silent and wait for whatever comes? + + +2. How often do you remind management that you want a role with more responsibility or management type roles? + + +3. With a high net worth goal in mind, would you rather aim for an individual contributor position where you have a variable performance income and can have the occasional blowout years, or do you aim for mid level management roles where you have direct report, and a more steady but still high income? + + +4. Do you have any techniques that you use (how you present yourself, how you communicate, etc) to increase your status or demand, in turn raising income? + + +5. Do you ever feel like you’ve hit the income cap for your role and feel uncomfortable asking for more? + + +6. Do you ever feel you’ve spent too many years in one role and need a change for the sake of not letting a resume get dusty? What if it’s a super good high earning role? + + +Feel free to make up your own questions and answers, I bet we could all use and share advice, I just wonder what tactics people try to use privately. Even if it’s something private like... you try to move quickly through in-person conference (when we had those) to appear busy. You spend extra time hovering around upper management. You hold back methods of performing well at your job so only you have those skills and your peers can’t perform on your level. Or, the opposite, you teach everyone tricks to try to become respected as the teacher. You over dress to appear a certain way. Or, you under dress to try to act like you don’t care as a power move. + + + +Whatever it is you do, if it works, tell us. +Okay, so maybe I'm not your typical home buyer or typical young home buyer. When I was shopping for homes anything recently rehabbed scared me a bit as I know the person selling was trying to turn a profit as opposed to a homeowner making an improvement to their own home. + +I saw so many homes with nice looking, but cheap cosmetic finishes while bigger things like roofs and rotton floors were ignored and someone slapped shiny new wide plank laminate over a rotton sub floor + +Anyhow, I'm looking for a second home down in the St Pete/Tampa area and oh my god, like 70% of homes I see are flips where someone took a 50k house in the ghetto, painted it grey and put up a couple barn barn doors and now want $275k. + +It almost makes me want to never buy anything with a barn door, even though I quite like them. +Not asking here for work to be done for me. I enjoy analysing companies, would just love to hear what people are looking at! Anyone think they’ve seen a company that’s undervalued at the moment or on the way there even? +I am an ETF guy but a total newbie when it comes to shares/stocks. + +What’s the best way to research organisations and their investments/spends and profits so that I can make an informed decision? + +Are there websites (free or membership) based that collates all the info for users to view? + +Any tips/advice/recommendations are appreciated. + +Thanks. +Hey everyone, + +First post ever. Totally new here. I started trading with options these past few months and got lucky way too many times. Just a few days ago I opened the worst and most dangerous trades since I bought my first stock and now **I am in deep trouble**. + +Here is the situation: + +In the last week or two I sold dozens of naked calls. + +**ROKU**: sold 5 naked calls (cost-basis -$3.75k, market value price -$16.8k). at strike price $100 expiring June 15 + +**TSLA**: sold 6 naked calls (cost basis -$12.9k, market value -$-72.7k) at strike price $710 expiring May 15 + +**SPCE**: sold 50 naked calls (cost basis -$5.9k, market value -$.15.8k) at strike price $20.5 expiring May 22 + +What should I do? I can post the Greeks here too if anyone wants/needs to see them. + +Any advice is appreciated 🙏 +My mortgage refinance was officially funded today! Not looking for advice, just wanted to share the breakdown of the numbers to show my good fortune. + +I purchased my home in December 2018 for $220,000 and closed on the refinance in January 2021 with my appraisal at $365,000 due to home improvements (solar panels and updating bathroom and kitchen, about $55,000 total) and increased value in my area. + +I was able to roll my mortgage (4.88%), 2nd mortgage (5%), and solar panels home improvement loan (4.59%) into my new mortgage (2.625%). + +Total of these debts went from $242,532 to $252,850 (about $10,318 in closing costs which I did not pay directly and were also rolled into the mortgage.) + +My monthly payment of these three loans combined was $1,795. My monthly payment of the new mortgage is $1,250 which frees up $545 to apply to higher-interest debts and savings goals. + +Just looking at the three affected debts if I were to pay their minimums for the life of the loans, it would have cost $160,196 in interest. If I were to pay the minimum on the new mortgage for the life of the loan, it would cost $110,911. + +In reality, with all of my debts (including student loans, car loan, care credit, ect.) and current avalanche-method repayment plan factored in, this refinance saves me $37,071 in interest between now and my current debt free date. + +My pre-refinance debt-free date with my current repayment plan was August 2032. My new refinance debt-free date is November 2031. +So having heard about the GME stuff roughly when it first started, I started to get interested yesterday when it was really hitting the news. I've seen WSB people make loads on Tesla and other picks, and hearing about all those crazy gains and seeing portfolios was giving me some major FOMO. So I just jumped in, £150 of shares in BB - thinking this was going to be the next "rocket to mars!!" as it was being hyped up, and I'd get in early. + +Markets opened today, and I saw the shares crash, so I cashed out. May be against the HOLD mentality, and I may end up regretting it if shares bounce and make loads, but that kind of madness/anxious watching of tickers just isn't for me. + +But more importantly, I now know where I sit with this. I'm perfectly happy with the passive, diversified trackers. I can leave them, not worry about them, and just let them creep up in the background. They're not going to make me millions, but I'm also unlikely to lose half my savings and I won't get a stroke/heart attack in the background. + +Not sure why I felt the need to type this up, and I'm sure people will message me in a week with BB at $200+ or whatever, but I'm ok with that. I value my sanity more! + +Edit: Some interesting comments so far and loving reading what people have written - But please don't feel the need to PM me with insults. I'll admit this kind of investing is not for me and I was a "coward", but this was fun money and I've wasted a lot more on shit I don't need or use before. And i'm happy to talk about it, but there are people who have probably lost thousands over the last 24 hours especially, who may not be as accepting about it. + +Edit 2: This was money I could afford to lose, it was more the stress of watching the dip and then obsessively tracking and watching that made me sell up. I could have held and sold down the line, but from a mental health perspective i'd rather have lost the £60 then have that in the back of my head for days/weeks/months. Hence the sale. The FOMO and the hype train hit me and I chickened out early, but it just shows i'd rather not be an active investor - and there is nothing wrong with that. +1. Don't quit your job +2. Don't write your backtesting engine +3. Expect to spend 3-5 years coming up with remotely consistent/profitable method. That's assuming you put 20h+/week in it. 80% spent on your strategy development, 10% on experiments, 10% on automation +4. Watching online videos / reading reddit generally doesn't contribute to your becoming better at this. Count those hours separately and limit them +5. Become an expert in your method. Stop switching +6. Find your own truth. What makes one trader successful might kill another one if used outside of their original method. Only you can tell if that applies to you +7. Look for an edge big/smart money can't take advantage of (hint - liquidity) +8. Remember, automation lets you do more of "what works" and spending less time doing that, focus on figuring out what works before automating +9. Separate strategy from execution and automation +10. Spend most of your time on the strategy and its validation +11. Know your costs / feasibility of fills. Run live experiments. +12. Make first automation bare-bones, your strategy will likely fail anyway +13. Top reasons why your strategy will fail: incorrect (a) test (b) data (c) costs/execution assumptions or (d) inability to take a trade. Incorporate those into your validation process +14. Be sceptical of test results with less than 1000 trades +15. Be sceptical of test results covering one market cycle +16. No single strategy work for all market conditions, know your favorable conditions and have realistic expectations +17. Good strategy is the one that works well during favorable conditions and doesn't lose too much while waiting for them +18. Holy grail of trading is running multiple non-correlated strategies specializing on different market conditions +19. Know your expected Max DD. Expect live Max DD be 2x of your worst backtest +20. Don't go down the rabbit hole of thinking learning a new language/framework will help your trading. Generally it doesn't with rare exceptions +21. Increase your trading capital gradually as you gain confidence in your method +22. Once you are trading live, don't obsess over $ fluctuations. It's mostly noise that will keep you distracted +23. Only 2 things matter when running live - (a) if your model=backtest staying within expected parameters (b) if your live executions are matching your model +24. Know when to shutdown your system +25. Individual trade outcome doesn't matter + +**PS**. As I started writing this, I realized how long this list can become and that it could use categorizing. Hopefully it helps the way it is. Tried to cover different parts of the journey. + +Edit 1: My post received way more attention than I anticipated. Thanks everyone. Based on some comments people made I would like to clarify if I wasn't clear. This post is not about "setting up your first trading bot". My own first took me one weekend to write and I launched it live following Monday, that part is really not a big deal, relatively to everything else afterwards. I'm talking about becoming consistently profitable trading live for a meaningful amount of time (at least couple of years). Withstanding non favorable conditions. It's much more than just writing your first bot. And I almost guarantee you, your first strategy is gonna fail live (or you're truly a genius!). You just need to expect it, have positive attitude, gather data, shut it down according to your predefined criteria, and get back to a drawing board. And, of course, look at the list above, see if you're making any of those mistakes 😉 +Personal Finance is Personal. FIRE is even more so: It's personal finance multiplied, magnified, extended. + +As someone who's been on this sub for nearly a decade, it's suddenly started to feel mean. + +After seeing someone just delete a long, informative, interesting post (***and*** their entire reddit account) in this subreddit, we need to talk about how petty and negative this sub has gotten. + +FIRE is inherently optimistic: It's the belief that you can make enough to cover significantly more than your expenses, then use that difference to get a return on investments to support the consumption of an entire family, forever. It pushes people to reach towards things that might be out of their grasp. There are all different levels of how conservative or risky people are, but when someone takes a different approach than you, that does *not mean* that they aren't also pursing FIRE in just as valid a way as you. + +The daily threads lately have had a lot of sniping in them; they're conversation threads and are there to specifically be for small things, easy things, even 'dumb' things. + +When someone posts about how they retired with a million dollars and $40k in expenses (The quintessential 4% rule, that may be too conservative for you, or may be too risky) there is rampant negativity across the board: It's not just disagreement about numbers or assumptions, it is a absolute disrespect for anyone living a different lifestyle. The number of people that have told me lately that I am living a broken, destitute life because my wife and I live - and thrive - on $30k a year is insane. + +If you're FatFIRE you saved too much and are a glutton. LeanFIRE and you'll live a miserable life. Have a sidegig and you failed at retirement, not have a side gig and you'll run out of money in no time flat. Got a windfall in any way and you shouldn't even post your story, have a difficult start and you're probably lying. FIRE in your 20's and it's way too early, in your late 50's and it's not even FIRE. Not have kids and you're missing life, have kids and you're a fool. 3.5% and you're working longer than you'll need to, 4% and you'll go broke. Don't pay off your house and you're a fool: pay off your house? Also a fool. + +This should be a place where any one of those things in the paragraph above should be an absolutely acceptable way to be or become FI. + +This isn't to say we can't disagree! I've posted a lot about my numbers, my assumptions, and why I would or wouldn't do what someone else is. I see a *lot* of people doing things I would never dream of. But we can't tear eachother down just because it's a path we wouldn't have taken. + +This sub is the only place a lot of us can talk about FIRE stuff, it needs to be a positive, accepting place. + +Edit: I didn't mean to give the impression that we shouldn't disagree. I honestly learn best through discussion and being proven wrong. Just that you don't need to belittle someone or be toxic in a disagreement. +The FED keeps saying that inflation is below 3%. Maybe it is, but it doesn’t feel like it. + +The housing market is insane. Houses are being sold for way more than they’re worth. I paid 460k for my house 18 months ago and it just appraised for 587. + +Used cars are way over priced. Want to spend 20k on a SUV? Here’s a 10 year old suburban ltz with 150k miles on it. The most recent car I bought was a lightly used Camaro Convertible 4 years ago. The KBB is more now than I paid for it then and it has 40k more miles. My 20 year old boat has gone up in value 10k in the past year. My 10 year old beater explorer with 150k miles has gone up 4K in the past year. + +My retirement investments are averaging 20+% returns being wholly invested in mutual funds and index funds. + +Gas prices are up about 10%. + +There have certainly been the winners and losers of Covid and fortunately I’ve been one of the winners. But the vast majority of people haven’t. So, why is everything going up in value if everyone is broke and there’s reduced demand? What are the odds that material values are largely just staying constant and the dollar is going down in value at a higher than reported rate? Seems likely enough to me. If you’re properly hedged against inflation, I don’t suppose it matters, but 2-3% doesn’t seem real. +https://twitter.com/michaeljburry/status/1363383141168128004?s=21 + +“Speculative stock #bubbles ultimately see the gamblers take on too much debt. #MarginDebt popularity accelerates at peaks. At this point the market is dancing on a knife’s edge. Passive investing’s IQ drain, and #stonksgoup hype, add to the danger." + + +https://pbs.twimg.com/media/Euu1vWXVoAA3r6U?format=jpg&name=small + + +There's been a lot of talks about the current market being a bubble, that could be caused by the low interest rates and QE. Michael Burry's latest tweet had a very interesting graph showing margin debt increasing to new highs. + + +Hadn't seen this posted and thought it could make for an interesting discussion. +After spending the weekend looking at marijuana stocks to get into before Dems make it legal nationally CRLBF gets my seal of approval. + +1. They sell a ton of gummies and edibles. I don't think legalizing weed is going to drastically change the number of people that smoke it or how they get it. But most people in states that it is not legal in will get to enjoy edibles that were previously unavailable to them. Also edibles are easy to scale up the manufacturer and distribution of. + +2. Cresco is an American company. I think believe that the Canadian companies don't have as much potential for growth as American ones do. Just my opinion. + +3. Cresco is the nation's largest wholesale distributor. This will be huge when every Tom, Dick and Joe starts opening cannabis shops like starbucks. + +4. They are virtically intergraded. This makes them more nimble and gives them the ability to change fast when the time comes. + +All marijuana stocks are going to go up. I'd be interested in some discussion about some lesser known small caps. +Starting working at age 23 with no college debt + +Net worth ~$1mm at age 40 + +Net worth $2.5 at age 45 + +Net worth $4.3 at age 46 + +Net worth $5.5 at age 47 (2020) + + +High earner, High saver and aggressive investor + +Albert Einstein once said “Compound interest is the eighth wonder of the world. He who understands it earns it…he who doesn’t…pays it.” + +Plan is to FatFire with $10mm by 50 +*Edit 1 : Complaint filed with the SEC.* + +[There it is.](https://preview.redd.it/5iqrb9zqh8o81.png?width=948&format=png&auto=webp&s=97027bccd47d4c35584ed9ed3464ce63b9fc5a79) + +[Let's see if this works.](https://preview.redd.it/plduz14bq7o81.png?width=1502&format=png&auto=webp&s=d4dc9a2072fcc0933295995770bd7fbbae0c58e0) + +Dear SEC and Chair Gensler, + +Today (March 18, 2022) unknown parties AGAIN took advantage of the ridiculous deem to own garbage to satisfy their FTD obligations. + +175,000 shares of GME were traded in a dark pool at the mid price against a synthetic forward option trade of 1,750 puts and 1,750 calls. **A TRADE OF 175,000 SHARES DID NOT EVEN AFFECT THE PRICE ONE CENT!** + +&#x200B; + +[Code 7v stands for derivatively priced trade \(against the options below\)](https://preview.redd.it/4rf3n96y87o81.png?width=610&format=png&auto=webp&s=ec5d53b2e68d7cec17e3caecbbc28523ebd60564) + +These shares were used to satisfy the obligation and the options contracts were closed just 5 minutes later. + +[All it takes is 5 minutes.](https://preview.redd.it/it6sgoc6a7o81.png?width=696&format=png&auto=webp&s=e29e081454b54b2d83efdf1f602972233fa105b6) + +**HOW MUCH LONGER WILL YOU ALLOW THIS NONSENSE TO CONTINUE?** + +Instead of asking retail investors for recommendations, how about you do your job? You have TEAMS AND TEAMS of lawyers and investigators working for you AND you have extensive finance and regulation background as a former Goldman Sachs executive and the chair of the CFTC. **You don't need to know what I think. You already know what the problem is. You need to do your job and fix this!** + +This is dangerous to the stock market and it is your job as the SEC to protect it. It is part of your mandate. This is not up to me, retail investors or Elon Musk on Twitter. This is your responsibility. + +[The insane movement you see on the blue and orange lines are the call delta mooning when the options were opened and the put delta crashing. Then the opposite happens when the contracts are closed. ](https://preview.redd.it/tdpqnoibb7o81.png?width=1105&format=png&auto=webp&s=c8f3865b26f25e996cf12d0a905e1b63f19fb4e0) + +All of this happened on a day when two major brokerages declared that there were no shares of GME available to be sold short. + +[Fidelity: No shares.](https://preview.redd.it/wkek4vj5c7o81.png?width=429&format=png&auto=webp&s=ec0322a79437666f39b8345c5dfbac590e427cdc) + +&#x200B; + +[IBKR : No shares.](https://preview.redd.it/j4k1xz08c7o81.png?width=500&format=png&auto=webp&s=52c0617003aab7012268b18b004334c93b38ce8e) + +If you're asking me for recommendations, if I have to tell you these things, then I might as well be the chair of the SEC. + +Honestly, I could use the salary. I need to buy a stock I like. + +&#x200B; + +Best regards, + +A Concerned Investor +Hello dear investor! + +I'm really glad you stopped by to check out why xxxNifty could be the next boom in Everything adult, including but not limited to NFTs & Content + +xxxNifty is a registered business, utilizing Blockchain technology with it’s utility token, in several facets of their business. Some key points about xxxNifty include : + +\- The World’s Largest Adult NFT Platform, to date. Their Utility Token $NSFW is used for purchases in the marketplace. + +\- [Pleasurely.com](https://pleasurely.com/) ( OnlyFans replacement) will launch In October ‘21! It will also utilize their utility token $NSFW + +\- [Merch.xxxnifty.com](https://merch.xxxnifty.com/) is the xxxNifty Merch store! + +\- [Nsfwpay.com](https://nsfwpay.com/) making buying $NSFW a breeze via flooz trade! + +If this isn't enough, On [Pleasurely.com](https://pleasurely.com/), interacting with creators will be as easy as the push of a + +button! Tip with $NSFW. Interact in live streams with $NSFW. Messaging and unlocking posts + +and other content With $NSFW! And lastly, Interacting & Unlocking creator’s social feeds with + +$NSFW! Once launched, the team will be looking into furthering and expanding the platform as + +well! + +✔️700 Adult NFTs on their Marketplace. + +✔️80+ creators on the platform to date (no matter of gender anymore!) Adding more daily + +✔️180+ NFT sales + +✔️6 partnerships w/Agencies + +✔️8 Brand Ambassadors + +✔️Deflationary Tokenomics benefit holders + +✔️Daily NFT sales + +✔️$6 million MC, working platform utilizing the utility of their native \[NSFW\] token + +✔️XXXNIFTY is a registered business, meaning devs and team are all doxxed + +✔️TechRate Audit approved + +The number of holders, content creators, and partners is growing day by day. Check it out for yourself as well, be a member of an industry changing project, and join an amazing community! + +**TOKENOMICS** + +Total Supply 69,696,969,420 + +2% LP Pool Growth + +2% Holder Reflections + +2% Burned + +4% Marketing & Dev wallet + +Over 40% Of Supply Burned + +Liquidity Locked + +Liquidity is locked for 12 Months on Pancakeswap + +========================================================== + +🌐Website: + +SFW with: [https://nsfwpay.com](https://nsfwpay.com/) + +NSFW: [https://xxxnifty.com](https://xxxnifty.com/) + +========================================================== + +📱Telegram: + +[https://t.me/xxxnifty\_official](https://t.me/xxxnifty_official) + +[https://t.me/xxxNiftyAnnouncements](https://t.me/xxxNiftyAnnouncements) + +========================================================== + +🟦Twitter: + +[https://twitter.com/XxxNifty](https://twitter.com/XxxNifty) + +========================================================== + +📃Contract : + +0x9daaa05946e486add2c81e0d32d936866b8449d9 + +========================================================== + +🔒Liquidity is locked for 12 months +My Onsite manager called me the other day telling me that a broker had contacted him and wanted to get owner contact, because they've got another MHP near ours that is for sale, and they are marketing for bids. I told him to give them my email, and send me an OM, because I'm in the market and I'd love to add more units to my belt this year. + + +Talked to the broker. Here are the numbers: + + +430 Units. **30% Occupancy**. Market Rent is $375 (according to the OM), actual is $350. Proforma expense ratio: 50%. Going to market at 4.5M. + + +430 \* .3 = 129 \* ( ( 350 \* 12) \* .5) = NOI of 270,900. + + +270,900 / 4,500,000 = 6.02 Cap Rate. Stabalized Cap Rates (90% occupancy of 200+ units) in the market is 4. The property is free and clear owned by the same guy for 40+ years. + + +The Brokers argument when I said, no? "It's 10k per unit". I said so, that's not how this works, you know this, I know this, and the seller should know this. I'll buy it at the right cap rate (16.5) which is what I just bought my other property at with the same occupancy numbers: $1,650,000. I'm going to have to put another $2M into it to get to stabalized occupancy. + + +I told him, "When the seller fails to get the offers he wants, and he is open to selling for what it's worth, call me. Or if he wants to get a higher price, then we can discuss some Seller Financing options. Or alternatively, if you find someone to buy his at that price, call me back, and I'll sell mine for the same valuation. + + +What could this property be worth? + + +(430\[units\] \* 350 \[market rent\]) \* 12\[annualized\] \* .7\[30% expense ratio\] / .04 \[Cap Rate\]: $31,605,000 + + +Sure, buying a property for 4.5M when it COULD BE worth 32M sounds like a everyones wet dream. But you are going to have put $2M and 5 years into it. And if you don't have a team, or experience or a 20-30M NW, to be able to carry the expenses on this property for 5 years it could ruin you. The carrying costs on 4M at 8% is $27,000/mo. This thing only has a 22,575/mo cash flow. So while you are throwing 2M at the rehab, you are still paying out 60k a month. And the absorbtion rate for that many units has too be there too. + + +Lesson for newbies: Know your market, know what prevailing cap rates, standard occupancy and operating expenses are, and stick to your guns. Don't lose money on a wet dream. +https://www.fox4news.com/news/dallas-considers-restricting-home-sales-for-real-estate-investors + +These cities will try anything... except building more homes... +AND TODAY I GOT A JOB OFFER FOR 12K A YEAR MORE THAN IM MAKING NOW! + +it's still a relatively modest salary but it's going to change my life. I should be able to pay off some credit debt then start saving. I can breathe. You guys... we can do this! +Hi All - Sorry if the title sounds asking, I wanted to get right to the point to get the attention of my target audience and not waste anyone else's time. + +I am looking to get some(or a lot of) motivation and learnings in RE Investing and hoping all the W2 earners making progress towards the dream of FI can help me. + +I know you all have limited time so I really appreciate you paying it forward and I hope I can be helpful by sharing the synthesis of all my learnings in the very near future. + +Just to break it down, looking for simple answers to the two questions below :) + +1. What is your cash flow income per month right now? Gross rental income - expenses(Principal, Interest + Insurance + taxes + Utilities + Vacancy + Property Management + Capex + Maintenance Repairs) + +2. How long did it take for you to get here? :) + +3. At what passive income, would you be in a position to quit your full-time job (if you wanted to)and still maintain your lifestyle? :) + +Just to give an example to make your life easier, your answer could be as simple as + +*1) $3.7k per month* + +*2) 3 years* + +*3) $8k per month* + +Hope you all are having a great memorial day! :) +>**Who doesn't love casinos and gaming?** + +> +>The Peoples Moons offers an ecosystem for both.Try your chances at blackjack or why not the slots? With +20 different casino games you will have plenty of choices. +> +>$TPM is a token, built on the BSC. It is the core asset of the People’s Moon.Investors holding $TPM have access to our games and other exciting developments that will be implemented. Hold $TPM, play our games and compete with other holders for the prize pools! +> +>The Peoples moon have released their first game Cryptosphere. A play to win game where the top 30 people will get whitelisted for the presale on August 26:th.And additional 20 spots will be randomly given out to everyone that participated in the contest.Cryptosphere is the first game to be released. +**Have a blast and may fortune be on your side!** + +&#x200B; + +**Links:** + +* **⭐️** Telegram: [https://t.me/thepeoplesmoon](https://t.me/thepeoplesmoon) +* **⭐️** Website: [https://thepeoplesmoon.space](https://thepeoplesmoon.space) +* **⭐️** Casino : [https://thepeoplescasino.io](https://thepeoplescasino.io) + +&#x200B; + +**🎮 Cryptosphere 🎮**Compete for presale whitelist and future prizes![https://thepeoplesmoon.space/cryptosphere/](https://thepeoplesmoon.space/cryptosphere/) + +&#x200B; + +**Tokenomics**Total supply: 1,000,000,000,000,000 + +10% tax on buy and sell + +* 3% Redestribution to the holders +* 3% Added to liquidity +* 4% Added to marketing funds + +**No team wallet** +**No development wallet** +**TLDR: Conditions are primed right now for a significant increase in hedgie buying power. The delta sensitivity test spike is a harbinger of change, and more often then not... significant price increases....** + + + +**Background** + +My work is built on the idea that the market is largely unpredictable, but one particular kind of behavior is certain - hedgies gonna hedge. It's written into their algorithms. Specifically, they like to delta hedge and gamma hedge. This work tries to profit on this one particular type of buying/selling behavior, and works well for giving guardrails for stocks with high options volume relative to the underlying equity volume. + +The primary indicators included in these graph include: + +• **Delta Neutral (DN)** \- This represents the underlying price that would create a total market delta of 0 across all options (all expiration dates) for a given date and ticker. In general, it acts like a floor to the underlying price, but if the price drops below the delta neutral, then it tends to shoot back up above that line. + +• **Gamma Maximum (GM)** \- This represents the underlying price that would create the maximum gamma across the market. The GM seems to act like a ceiling, but fun things happen when the underlying crossing that threshold! + +• **Delta Sensitivity Test** \- This represents the % change in the total market delta associated with a 5% increase in the underlying stock price. Significant spikes represent unusually large hedging patterns based on the options mix, and can indicate the potential for significant buying / selling power on the underlying ticker. + +&#x200B; + + **Graphs** + +Here's GME below, with the mother of all delta spikes (green), along with the other indicators you're used to seeing, the DN (grey), gamma max (red) and close (blue). + + + +https://preview.redd.it/2pojhah19n481.png?width=1421&format=png&auto=webp&s=7736f343b7644f2597240d15f096bb5fbb1399e1 + +Here are the key points I want you to take away from this: + +* The underlying is back below the DN, but notice that the DN isn't dropping quickly with it. This means that the options market thinks the equilibrium is still around $200, not $150, and options buyers/sellers aren't buying/selling like the underlying price should be $150. +* Because the options mix is not dropping with the price, and the market equilibrium is still back at $200, it's created a situation where small changes in price result in much higher levels of purchasing than usual. +* As you can see above, these delta sensitivity test peaks occur BEFORE surges, so small price increases in the underlying tomorrow will get bonus buys from hedgies, to the tune of an 814% increase in hedgie buying with a 5% increase in the underlying. +* So again, look and see how these spikes happened before the January surge, in the February dip, in the March drop, at the beginning of August and the middle of October. + +I'll show you a selection of other graphs so you can see the spikes in action + +&#x200B; + +&#x200B; + +&#x200B; + +https://preview.redd.it/midnypd49n481.png?width=1421&format=png&auto=webp&s=0f8a58a644f442ef15f71717e38369b3f3222ef4 + +&#x200B; + +https://preview.redd.it/6ibcabn69n481.png?width=1421&format=png&auto=webp&s=7407a1014edc881f9c80bfd0dc76ee12e9177b50 + +&#x200B; + +https://preview.redd.it/5c4mi1h99n481.png?width=1421&format=png&auto=webp&s=0c22756b13ce4d3decf007c98de10f8dc5ce5796 + +&#x200B; + +https://preview.redd.it/6rp3vx5b9n481.png?width=1421&format=png&auto=webp&s=296cce42b6e63272d5387290685042d263b8622f + +&#x200B; + +https://preview.redd.it/bph5ekbc9n481.png?width=1421&format=png&auto=webp&s=fb3a844013777107ed343bc1a9a16734c5829188 + +&#x200B; + +https://preview.redd.it/t78qr9ld9n481.png?width=1421&format=png&auto=webp&s=a37c4638c3213a6bd413df609e2eaa05360d8700 + +&#x200B; + +https://preview.redd.it/9lt0r1if9n481.png?width=1421&format=png&auto=webp&s=271874eba3487020839efb2f22f1e6282266cba6 + +&#x200B; + +So as you can see, the spikes aren't PERFECT, but they are harbingers of change, and more often than not, signal a significant increase is coming. + +God speed, and hold strong. + +&#x200B; + +**Caveats and Limitations on Use** + +These graphs contain output from my personal model. I am not qualified to provide financial advice, and have no experience trading professionally. This model has not been peer reviewed, so use this output at your own risk. + +This model serves to help Redditors make investment decisions, but still requires Redditors to consider other relevant information, including earnings reports, news, relevant events, momentum and reversion to the mean in the underlying stock. Redditors should think critically about emerging information, and not make decisions solely based on this output. + +In performing this analysis, I relied on raw daily options summaries from historicaloptionsdata.com. I have not audited or verified this data and other information. If the underlying data or information is inaccurate or incomplete, the results of this analysis may likewise be inaccurate or incomplete. + +These graphs are not predictions of the future; they are indicators based on the assumptions. Emerging results should be carefully monitored with assumptions adjusted as appropriate. + +&#x200B; + +**TLDR (in case you dumb dumbs didn't find it at the very top): Conditions are primed right now for a significant increase in hedgie buying power. The delta sensitivity test spike is a harbinger of change, and more often then not... significant price increases....** +[Link to the full article (1 min read)](https://www.cnbc.com/2022/11/01/amazon-plunge-pushes-valuation-below-1-trillion-first-time-since-2020.html) Amazon stocks dropped another 5.9% on Tuesday after falling for five straight days. It closed at their lowest price since April 2020, wiping most of the gains made during the pandemic surge. The recent sell-off was triggered after Amazon gave a disappointing Q4 forecast and expects sales growth to be lower in the coming holiday season. Similar to other big tech peers, Amazon has struggled this year from economic slowdown. The company has been forced to scale back after expanding dramatically during the pandemic. So far this year, their stocks dropped 43% and is on track for the worst year since 2008 when it plunged 45%. + +**Check out** [**investorsnippets.com**](https://investorsnippets.com) **for more bite-sized news like this straight to your inbox for free.** +37M, HCOL city, have gotten lucky to have made a decent chunk of change by joining an early stage SaaS startup, but not quite fuck you money yet. + +I have 2.5M invested in a diversified portfolio, and another ~4M in crypto (at today’s prices). If I were to sell today, after taxes I’d be looking at ~5M in liquid total net worth, which would leave me well short of my 7M FatFire goal. I am confident in the future of crypto, so my plan is to gradually sell into the next 1-2 bull runs, and keep half of it for the long term. This means that within the next 3 years I expect my NW range to end up being somewhere between 3M-7M. + +Here’s my “predicament”: I make just over 1M/year in all in comp (salary + equity) at that same company. This translates to ~500K/yr after taxes. But it’s not an easy job, and I’ve been there 7 years now and just don’t have the same drive as I did in the beginning. I’m not learning as much anymore, and there’s a big world out there that I’d like to play in (other areas of tech, real estate, startup investing, and just taking time to do things I enjoy, etc.). On the other hand, the money is substantial and feels crazy to walk away from, particularly since I’m still well short of my 7M target. + +Should I stay or should I go? Am I wasting away precious years by staying in the rat race just to stack some more chips? + +Appreciate the generous advice of this channel. +Heading away with the family and was looking at a really nice house near the beach. Was just about to book and saw the cleaning fee, airbnb fee etc... I thought "if I was the landlord I'd be passing all those fees onto the tenant, maybe I should see if I can go direct to landlord to save some $$" + +And so I did just that and saved $1200 in 3 easy steps! + +* Copy the properties name into google +* Finding it listed on a random real estate website +* booking via that platform instead. +I decided to pull the trigger and buy a house, but my downpayment money is all in the stock market. + +I'll have to sell about \~100K probably in Jan or Feb for the downpayment. Sad part is my dividend tracker website has told me that I'll break the 10K/year in dividends before the end of 2021. That's a milestone that I've been looking forward to achieving for a while now! + +Anyone else feel the pain of having to sell some of your cherished div stocks because of "life"? +For you 30 year olds who are probably making more money now than you were in your 20s. Or for you 20 year olds who may not be making as much as you would like but are saving by living at home, saving your money. Now is not the time to be wishing the market would be at an all time high. Now is the time to be happy it is low so that you can contribute to your retirement accounts and your brokerage accounts. + +Don’t listen to your boomer uncles saying that this market is crazy. It’s crazy for them because they are about to retire. This is great for all of you young folks. + + +Keep buying VTI and this thing will all blow over soon enough. Friday is payday, make sure your 401k contribution is 15% of your paycheck. +For what it's worth... + +This morning I called up Fidelity because I wanted to make sure my extended hours trading was enabled on my account...took 90 minutes on hold to get through. Apparently, they are slammed over at Fidelity, I asked the gal on the phone what's it been like today...she said because of all this stuff with Robinhood, they're looking at +700% daily volume for transferring accounts, which is quite amazing. + +Happy hunting! + +WE LIKE THE STOCK! + +STICK IT TO THE MAN! +Hi everyone! + +I used my Excel knowledge to make a list of the ETFs that were unaltered, added or removed according to a comparison between the new DEGIRO free ETFs list (April 15th, 2021) and the old one (March 28th 2019). In a very short summary, 74 of the 200 listed ETFs remained unaltered whilst 126 were removed and 126 new ones were added in their place. + +&#x200B; + +[https://docs.google.com/spreadsheets/d/15854G0UW5exAJtxvRm8z6m\_agxj1EGmQMDPLPx5UyK4/edit?usp=sharing](https://docs.google.com/spreadsheets/d/15854G0UW5exAJtxvRm8z6m_agxj1EGmQMDPLPx5UyK4/edit?usp=sharing) + +&#x200B; + +I hope this is helpful! Wish you good investments + +*Thank you* [*u/Stickerbushbee/*](https://www.reddit.com/user/Stickerbushbee/) *for the suggestion of posting the list here as well!* +Hi everyone! + +I used my Excel knowledge to make a list of the ETFs that were unaltered, added or removed according to a comparison between the new DEGIRO free ETFs list (April 15th, 2021) and the old one (March 28th 2019). In a very short summary, 74 of the 200 listed ETFs remained unaltered whilst 126 were removed and 126 new ones were added in their place. + +&#x200B; + +[https://docs.google.com/spreadsheets/d/15854G0UW5exAJtxvRm8z6m\_agxj1EGmQMDPLPx5UyK4/edit?usp=sharing](https://docs.google.com/spreadsheets/d/15854G0UW5exAJtxvRm8z6m_agxj1EGmQMDPLPx5UyK4/edit?usp=sharing) + +&#x200B; + +I hope this is helpful! Wish you good investments + +*Thank you* [*u/Stickerbushbee/*](https://www.reddit.com/user/Stickerbushbee/) *for the suggestion of posting the list here as well!* +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +No surprise about TD not raising the dividend, their policy prior to the dividend freeze was to only raise dividends once a year. + +Banks stepping up loan provision losses. + + +https://www.bnnbloomberg.ca/rbc-flexes-profit-muscle-in-q2-hiking-dividend-7-1.1770904 +https://www.bnnbloomberg.ca/cibc-raising-dividend-despite-profit-stumble-in-q2-1.1770890 +https://www.bnnbloomberg.ca/td-holds-off-on-dividend-hike-beats-q2-profit-estimates-1.1770913 +Okay guys, so after quite a few years, I'm quitting trading altogether. + +Through my years, I've had some great days and some bad ones. I remember staying up nights on end looking at the price, roaring with happiness when my position went up 20% and sighing when my stop losses were hit. I've had some amazing fun and invested hours upon hours of my life into crypto. I'd earned a LOT by reselling stuff in real life and putting it into BTC in the $200-600 range. My net worth was pretty huge and I was essentially set for life. Being young, I have very little in fiat: the majority of my holdings were in BTC. + +All because of one position, I lost it all. Yes, I know it was stupid. Yes, I know you shouldn't short, especially in a bull market. Yes, I know that I should have cut my losses fast. From the first worrying -2 BTC to the slightly terrifying -20 BTC, watching my losses grow and grow. Everyone told me to close the position: but I told them, are you retarded? Do you want me to close out with a $2,000 loss when it's so clear DASH is going to crash? Do you want me to close with a $10,000 loss when this is clearly a bubble? Do you want me to close with a $50,000 loss when I can easily make $20,000 if I just wait this out? + +I was so damn certain that DASH was going to fall. And, it kept hitting new all time highs. I thought I was smarter than the market, I thought I could time the bubble: but guys, remember. *It just doesn't work.* + + +So, I've decided to stop trading 100%. It's a drug to me. (Even after being liquidated, can you believe that I converted the rest of my bank funds to Bitcoin and shorted more? I made a horrible decision in a fit of rage and I regret it so fucking much.) + +My final margin call: https://gyazo.com/8cba2eb983f4ff6733a0b8b4807f358a + +I hope that some people here will be able to learn from me and never let their losses grow to what they can't afford to lose. For years, I have been content with my life and sufficiently "well-off" in the knowledge that crypto is huge and I have enough money to live comfortably. I'm crying as I type this, because this is the worst moment of my life. So many fucking years of working, and all gone in days. I'm no longer rich, or well-off. I'm going to have to fucking bust my ass, bit by bit, to slowly recover - and I don't even know where to start. The pay I'll get when I start working ($10-20ish) seems like literally nothing compared to the thousands I lost. And if crypto really takes off, I'll always have regrets about what could have been. + +Honestly, I'm just so done with everything. My head hurts, I can't stop crying and DASH is still going up. Good bye, I hope all of you have a great day. + +Here's my BTC address, if anyone's feeling generous. +EDIT: removed + + + +Used to watch this guy called Warikoo but lately his videos have gotten long and boring. So need some new YT channel suggestions, if you have any suggestions for some blogs or newsletters or whatever related to investing in Indian market feel free to leave them down here, I'll truly appreciate that 🫡 +Now that Russia has been removed from the SWIFT system, has heavy sanctions imposed on its economy from the West, and currently has internal disruptions and protests... how long would your realistically say it would take to see the result of all these economic policies imposed? + +Do you think Russia's decision to invade is a net-negative in the economic sense? +So about 3 weeks ago I had a hernia repair done. After meeting with the surgeon, speaking with the scheduler and my insurance, I was told that my surgery was going to be completely paid for by the insurance, as I had already met my deductible and my company's insurance is pretty good. + +A couple of weeks after the surgery, everything got billed out and just like I was told, I owed nothing. However, a couple of days ago I saw that a new claim popped up and that I owed $2,702 for a service I didn't know what it was. I checked my mail and there was a letter from American Surgical Professionals saying that it was determined that surgical assistant services were necessary to the procedure. The letter also said that as a "courtesy" to me they bill my insurance carrier first, and surprise, they said they weren't paying, so I have to incur all costs. I was never aware of any of this, nobody told me this could happen and I was completely out and had 0 control over what was going on during my surgery. + +Why is this a thing? Isn't this completely illegal? Is there any way I can fight this? I appreciate any help. + +EDIT: Forgot to mention, the surgery was done at an in-network hospital with an in-network surgeon. + +EDIT2: Since I've seen many people asking, this happened in Texas. + +EDIT3: This blew a lot more than I was expecting, I apologize if I'm not responding to all comments, since I am getting notifications every two seconds. I do appreciate everyone's help in this, though! Thank you very much, you have all been extremely helpful! + +EDIT4: I want to thank everyone who has commented on this thread with very helpful information. Next week, I will get in touch with my insurance and I will call the hospital and the surgeon as well. I will also send letters to all three parties concerned and will fight this as hard as I can. I will post an update once everything gets resolved. Whichever way it gets resolved... + +Once again, thank you everyone for your very helpful comments! +It’s a benign one and can be operated with high recovery rate. + +My spouse is down and so am I. We have a young son. We have been talking about FIRE for a while now and now, with my condition, more so. + +I still enjoy working but I always feel that my brain is very tired. It doesn’t surprise me that I have a tumor as i have been having headaches, blur vision, poor mental health etc. I know something is wrong with my brain. + +The math is not there for fatFIRE as we have high expense and live in VHCOL but we can do lean/chubbyFIRE. The only thing that is hard to let go is our dream to expand our house. We also worry about the healthcare cost. + +I am doing 3-6 month medical leave then I suppose I will asses how we go from there. More likely we will cut down and make our number work without moving to LCOL. +This weekend I had my first real world crypto conversation. I was out with some friends (we're all in our late 20s, early 30s) and someone in the group made a Bitcoin joke. A couple of other comments about it being a crazy phenomenon were made and I added my two cents as well; something along the lines of "well, the underlying idea is trustless, decentralized currency and I really like that idea in theory. I think the implementation needs to be worked on and they need to work on scaling it to handle transaction volume. But the real innovation is the underlying protocol and all the potential applications of the blockchain." + +Everyone looked at me with a blank stare for a few seconds. They had no idea what I was talking about, but then the questions started coming. Do you have bitcoin? Have you made money? Is it all a scam? What about these new bitcoins coming out, will they go as high as bitcoin? + +I answered the questions adequately, but didn't want to go too deep into the rabbit hole and didn't want to disclose my holdings. I'm the finance guy in the group so I was able to play it off like this was something I had picked up in the workplace. + +Here's my take away summary: + +* American millennials understand very little about economics and how our currency works. It just does and that's good enough for them. + +* All of them had heard of Bitcoin + +* No one in the group (7 people) personally knew anyone who had bought a cryptocurrency + +* Two of them had watched (together) the Banking on Bitcoin documentary on Netflix. They said it went over their heads. + +* None of them were aware of Coinbase + +* They referred to alt coins as "new bitcoins" and only one of them was aware of an altcoin by name - it was Ripple. + +* They had no concept of what a blockchain was or how it could be used for anything other than currency. The idea of industry specific uses cases were completely off their radar. I was asked, "so how do you buy blockchain?" + +* The conversation lasted about 10-15 minutes and by the end everyone had concluded that early adopters had made it big and the window was now closed and everyone else was priced out. None of them indicated that they would look into it more or had any plans to purchase. + +I don't mean to knock my friends, they are all college educated and are very successful in their respective fields (most of them more so than I). They're smart people and we had a great evening together. It just surprised me how uninterested they were. + +According to most of the crypto demographic research, investors are most likely to be college educated millennial males. I'm just not seeing that among my peers. I used to think that crypto would have to go mainstream at the grass roots level before it was adopted by the corporate world, but I'm beginning to think that scenario is less and less likely. + +So after this conversation, I began thinking about bubble talk and market caps and I think we're still very early. This is a new asset class and the sky is the limit. Novogratz said that the herd is coming, but they're still in the distance. I think Ethereum is going to be bigger than any of us could have ever imagined and even when it is, it may still be subject to the linux-phenomenon - everyone will be using it without knowing it. + +Hodl your ETH. Don't let the corporations or anyone else take it from you. You're holding a tiny piece of a very big pie. The name of the game for 2018 is accumulation. + + + + +**Update:** u/ORTEX_official has gone back and removed comments from **another** post on their profile. [The removed comments are viewable here.](https://www.reveddit.com/v/u_ORTEX_official/comments/ykaian/an_update_regarding_intraday_lending_and_short/) Some comments, like [this one](https://imgur.com/5epCWQs) were edited to add additional data after reveddit captured them, and they can all still be seen on their poster's profiles. + + +Shameful, and an outright admission that they can't handle follow up questions. They won't name the third party data provider, they won't even address us anymore. A+++ job handling reddit guys. + +Edit: to be clear, they are not deleting their own comments, they're removing the comments others have left on their posts. NGL I was really hoping they would start doing this since it makes things look so, so much worse for them. + +To see for yourself: https://www.reveddit.com/v/u_ORTEX_official/comments/yopo49/introducing_ortex_index_rebalance_predictions/ + +Edit 2: u/ORTEX_official has now also [lied about the nature of the removed comments, ](https://www.reddit.com/r/u_ORTEX_official/comments/yopo49/introducing_ortex_index_rebalance_predictions/ivgou1j/) claiming that they were removing abusive comments for content moderation purposes. Not sure if they know we can still see what the removed comments said. I think "follow-up questions" and "abusive comments" are slightly different things. + +Edit 3: The reason that Ortex can't just sweep this under the rug and move on like Fidelity did with their 11 million shortable shares "glitch" a few months ago is that **Ortex's entire business is selling data.** That's it. So Fidelity can just say "glitch in the data, whatever, move on." But for Ortex, if they don't have reliable data, they have nothing at all. Oops. That's why they were so proactive about coming to us to do damage control and keep the discussion as confined to reddit as possible. +A coworker recently told me about how he uses an app called Mint where it logged into his banking accounts and budgets all of his expenses for him. I downloaded it but I am hesitant to just give my banking info to random apps. I'm really young and still pretty naive when it comes to saving and budgeting but I want to having something that will help me keep track of all my spending. What do you suggest? + +(Edit) Wow, I didn't think this post would explode like this. Idk if I will be able to read every comment but I really do appreciate all this feedback! Budgeting is hard when you're young and dyslexic. +And I don’t think the answer is “eventually” because I feel like some stocks never get noticed by Wall Street. If you think a stock is undervalued and no one else does, nothing happens. If anyone could give examples too that would help. +Hi, my mom and dad came from poor families with 10 siblings on each side. They live in a country with no safety net so everyone is out for themselves. + +My mom siblings have been ruining my family including my childhood. My mom is the eldest and parents dumped the parenting to her. They have been leeching off my mom and depleted my dad’s life saving. + +Now my parents in their 70s, they turn to us. I am becoming their primary target. I just got the sob story from my aunt on how she’s about to be homeless/starving and needs $500 a month to survive. Another said his kid needs to go to college and want to sell her house to me at ridiculous sum. I have no use of the house and it’s in the bad shape/location. + +Honestly, this is such a triggering moment for me. All my childhood, I witness this badgering and manipulating. Poor my dad that my mom squandered most of our family money to her relatives. + +I don’t want to be enabler and taking over my mom’s role here. But on the other hand, I do believe one of my aunts will be homeless but I know once I open the pocket, this will be the beginning to an end. + +I don’t want to be cold hearted but deep inside, despite blood relative, I hate for what they are doing to my family. I mean I am willing to donate to charity to help struggling kids to get education, to a worthy cause. Taking over my mom’s role as a provider for her siblings (who don’t work and don’t save) is not a worthy cause for me. + +Any help to reconcile this conflict will help. I told my husband , maybe I just do one time donation to my aunt and that’s the end. But this is how it started for my mom too…a little help turns into a lifetime of responsibility. +I am in the middle of a vast existential crisis. + +I posted something similar a little more than a year ago. I was working at a hedge fund making $1.2M/y and burning out badly due to work life balance and dull work. The consensus of this group was to move to a tech company, given my previous experience there, so I did. + +I joined a relaxed FAANG in a senior engineering manager position, making about $1M/y. The work life balance improved, but I would say I’m as miserable as I was before. I work on large scale cloud products so the technology is as interesting as it gets, but I still find it pointless. I have about 30 hours of “ceremony” meetings a week, and the remainder of the time I just try to keep up with whatever my team is doing. My day is literally filled with “why am I wasting my life on this” as I jump into yet another useless meeting set up by some colleague who wants to meet for the sake of it. + +For a while now I’ve been admiring from afar the solo entrepreneurship route (be it an online service, an Airbnb operation, or something else). It seems such a fulfilling and meaningful way to live life. Being a corporate cog, I unfortunately wouldn’t know where to start. + +I am 36. My financial situation is $3M liquid net worth (down 20% from last year), all invested in index funds, and I also have illiquid equity in a unicorn I worked at that was valued at $6M before the downturn and at $4M in this downturn on the secondary market. I have no reason to believe it won’t recover and don’t plan to sell anytime soon (the reason being I already sold enough in the past, at much lower prices, to diversify). + +A few additional details that might come up: I live fairly frugally on about $50k/y and do not feel I miss much, I am a dual US/EU citizen so have the option to also live in mediterranean Europe (where I was born and raised), I do not have kids and don’t plan on having any. I eat a healthy diet, exercise daily, sleep 8 hours a day and during weekends/vacations I am a very happy person. + +What would you advise to get out of my rot? + +Thanks +CERTIK AUDIT INCOMING ANNOUNCED, MAJOR PARTNERSHIPS INCOMING AND MARKETING ROLLING OUT! Poocoin ads are going live and also first set of NFT'S being released. + +🐭$Rattata 💟- $115k Marketcap!. Get in before we reach Millions! + +&#x200B; + +💟 Telegram: \[[https://t.me/RattataToken](https://t.me/RattataToken)\]([https://t.me/RattataToken](https://t.me/RattataToken)) + +&#x200B; + +🐭Rattata ($RTT) is a decentralized community experiment in Binance Smart Chain, with prospects of becoming the #1 Gaming NFT Ecosystem. + +&#x200B; + +🐭💟We want to pay tribute to all the PokeMasters out there! Who remembers catching tons of annoying rattatas in Pokemon GO? Well, now you will have lots of Rattata tokens in your pocket! + +&#x200B; + +Learn about Rattata’s Tokenomics: + +&#x200B; + +🔥 100,000,000,000,000 Total Supply. 50% Initial Burn. + +&#x200B; + +📣 2% Developer’s Wallet. 3% Marketing Purposes. Transparency is #1. + +&#x200B; + +10% on Tax Transactions. 5% Distributed to Holders. 5% added to Liquidity. + +&#x200B; + +✅ Verified Contract: 0xb30e1BA72c83e62051d875a2704E68BA98Ab76eD + +&#x200B; + +Is Rattata Rug-proof safe? 💯 + +&#x200B; + +✅ Contract is verified on BscScan. + +&#x200B; + +✅ Liquidity locked on DxSale. + +&#x200B; + +✅ Ownership is renounced. + +&#x200B; + +What is our vision? 💟 + +&#x200B; + +🚀 Rattata aims to become the #1 platform for the trade and exchange of gaming NTFs on Binance Smart Chain. The popularity of blockchain games will ensure the massive nature of this marketplace. 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Thus, the Team will conduct polls in the official telegram channel to choose which issues the Rattata Platform will contribute to. + +&#x200B; + +👕 The Rattata Merch Store is to be launched to let Rattata Trainers feel united no matter how decentralized our community is. We believe there are many Rattata Trainers willing to think of Rattata more throughout the day and thus to buy hoodies, T-shirts, and other attributes or everyday life with our cute Rattata mascot on them. + +&#x200B; + +🔍 Feel free to check our Roadmap & Whitepaper for more info. + +&#x200B; + +💟 Website: \[[https://www.rattatatoken.com/](https://www.rattatatoken.com/)\]([https://www.rattatatoken.com/](https://www.rattatatoken.com/)) + +&#x200B; + +🐭 Twitter: \[[https://twitter.com/RattataToken](https://twitter.com/RattataToken)\]([https://twitter.com/RattataToken](https://twitter.com/RattataToken)) + +&#x200B; + +🚀We are $Rattata. Come chase the Pokemon dream with us, if you're a Pokelover or just wanna make a nostalgic trip back in time.. Then $Rattata is the right coin for you.🚀 +How many of you park your savings in Bank Fixed Deposits (FDs) here in India? + +If the CPI Inflation remains as high as in August, you stand to lose money in FDs, after adjusting to inflation! + +The latest FD Rate of State Bank of India is 4.90% (1-2 years) (5.40% for 5-10 years), while CPI Inflation for August 2020 is 𝟲.𝟲𝟵%. + +The question is: there any 'relatively safe' debt instruments which can beat this inflation rate? + +By 'relatively safe', I mean debt instruments - + +* With stable interest rates throughout the investment duration +* Unlisted, and not having any direct, visible impact of market fluctuations +* Are either government-backed or bank-issued (with DICGC protection) +* Issued by institutions with at least 5-year track record + +The following are the 𝘁𝗼𝗽-𝟳 'debt instruments that tick all the above boxes! ✅ + +1. Post Office Time Deposit (RoI = 6.70% pa) +2. National Savings Certificate (RoI = 6.80% pa) +3. Kisan Vikas Patra (RoI = 6.90% pa) +4. FDs of IndusInd Bank and SBM Bank (State Bank of Mauritius) (RoI = 7.00% pa) +5. Public Provident Fund (RoI = 7.10% pa) +6. Senior Citizens Saving Scheme (RoI = 7.40% pa) +7. Sukanya Samriddhi Account (RoI = 7.60% pa) + +*Note: FDs from small finance banks do not fulfil the track record requirement of 5-years, and are excluded from the list.* + +𝘋𝘪𝘴𝘤𝘭𝘢𝘪𝘮𝘦𝘳: 𝘛𝘩𝘪𝘴 𝘱𝘰𝘴𝘵 𝘪𝘴 𝘯𝘰𝘵 𝘮𝘦𝘢𝘯𝘵 𝘵𝘰 𝘣𝘦 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘢𝘥𝘷𝘪𝘤𝘦. 𝘐𝘵 𝘪𝘴 𝘰𝘯𝘭𝘺 𝘧𝘰𝘳 𝘨𝘦𝘯𝘦𝘳𝘢𝘭 𝘢𝘸𝘢𝘳𝘦𝘯𝘦𝘴𝘴. 𝘗𝘭𝘦𝘢𝘴𝘦 𝘪𝘯𝘷𝘦𝘴𝘵 𝘸𝘪𝘵𝘩 𝘥𝘶𝘦 𝘥𝘪𝘴𝘤𝘳𝘦𝘵𝘪𝘰𝘯 𝘸𝘪𝘵𝘩 𝘢𝘥𝘷𝘪𝘤𝘦 𝘧𝘳𝘰𝘮 𝘢 𝘲𝘶𝘢𝘭𝘪𝘧𝘪𝘦𝘥 𝘢𝘥𝘷𝘪𝘴𝘰𝘳/𝘊𝘍𝘗. +*EDIT added budget details + +My fiancé and I got serious about paying off our combined debt of over $120,000. So in 2019 we decided we would organize our debts. We took a really hard look at our spending and found *so many* holes in our budget where money would “leak out”. (Fast food being the biggest culrpit, damn you Chik-Fil-A) + +Our combined income is $5,000 a month. Rent/utilities/phones $1000 car payments/insurance are $1000, gas is $250 and $250 for food (almost all home cooked meals). + +That left us with $2500 to work with to make payments. + +$120,000 divided by $2,500 = 48 monthly payments to be debt free. That is how we set our goal in November 2019 to be 100% debt free in November 2023. + +We both took on extra work so I would say the extra income averaged around $500-$1500 a month. (That about covered the interest on the $120,000 debt) + +We organized our debts in order of smallest to largest, and calculated what was the biggest payment we would be able to make on the smallest debt. We made minimum payments on everything else. + +The $120,000 debt was in six accounts: + +$2,000 cc debt + +$3,000 cc debt + +$10,000 car loan + +$20,000 car loan + +$25,000 student loan + +$60,000 student loan + + +As humans, reaching goals provides a serotonin boost to the brain that pushes you to keep going. + +As we paid off the smaller debts off, the benefits were twofold: we got a motivation boost from crossing off a debt on our list, AND are now able to use the payment we used to make for that debt and roll it over to attack the next debt in line! + +We got so motivated by seeing our progress that we found other ways to earn money to make even bigger payments. + +I took on as much overtime as possible at work and because I learned another skill I was able to work Saturdays in another department. I also sold coins and trading cards some Sundays at the local flea market. + +My fiancé worked part time as an RN but work was super stressful even as part time. So she drove for Lyft to make extra income. + +We are now ahead of schedule by **two years** and are on track to be debt free by September of this year! + +Believe me, this journey was not easy. + +This is the personal journey my fiancé and I had growing up poor and not learning financial fundamentals and ending up with a $120,000 debt at 26. +I recently joined the senior leadership echelon (skip level is CTO of 5000 person public tech company) and I struggle to find the balance of doing well at my job, WLB, and keeping it real. It seems like the higher you move up, the more it requires you to not only "fake it" but also fake it all the time, until you a) reach your financial target so you can RE or b) quit. Obviously there are some people who truly enjoy it so kudos to them. For the rest of ya'll, are there any tips for how to manage this facade you have to maintain? + +It's also hard for me to just be crap at my job because as a manager/leader, my org depends on me and it's hard to not internalize letting people down and being a dead weight leader. Any tips on how to manage that burden over time? +IMO this sub has a major crab mentality where many people without property constantly spread bearish news in the hope that property prices drop and they get to pick up the pieces. + +However the people affected by a price drop are mostly new buyers and not the entrenched wealth that these people seem to want to be against - it's just another example of the poor fighting amongst themselves while the rich just hold through drops and buy up more. + +Many (not all) people in this sub who keep hoping for bear markets have selfish aspirations because they want to snap up houses from other people lower-middle class people and don't care about their ethics as long as they get theirs, but mask it by pretending they care about the economy and others around them. +For context, my wife works for small Company A (old) in California which was a subsidiary of Company B (new). She reported directly to Jim who was the founder/owner of Company A. Mike, is an investor of Company A and owner of much larger Company B, who just bought out Company A, making Jim and everyone an employee of company B. + +In a recent meeting, my wife and the other employees were advised that they would retain their same jobs/rolls, and that they are to receive and sign a letter of resignation with company A, and an offer letter with Company B. For what it's worth, Mike is know to be quite a cheapskate. My questions are, is this a normal practice? Are there any red flags we should be aware of, and/or does she have any room for negotiation? + +Edit: + +Wow, did not expect to come back on to 500+ messages and 2k upvotes. We've read through most of the comments and feel like we have learned a lot through everyone's various experiences. Wife is telling me that they'll have a meeting later this week with more information about the next steps, and feel much more prepared going forward; will keep you posted once things unfold. Thanks Reddit! +Now that I have your attention. Let's talk about what shill posts can look like. + +Friendly reminder of what a shill is: + +>In short: A shill is a person with a clear agenda of promoting something but posts / comments without disclosing so or under the pretense of being a neutral person. +> +>A shill is not necessarily someone employed by a hedge fund, although that's the most common usage on this sub. + +Case study: \[redacted to avoid a witch hunt\] + +Take a look at their recent post: + +https://preview.redd.it/z4rjwl44q7d81.jpg?width=797&format=pjpg&auto=webp&s=4a2e8439d62ac09f9b34a564cd84fb1c9e63dd3c + +Quick rundown on the video: The news station talks about misinformation, such as "co vid va cci nes", and Ken Griffin is specifically mentioned because he has previously talked about needing to combat "va cc ine" misinformation, but also has money in social media sites that the story reports to be spreading misinformation, + +*\*Regardless of opinions on "co vi d and "va cc ines", that's what the news story is about, I just had to give some context. The topic here is specifically what this user is posting,\** + +The language used in the post here is like a textbook example of someone trying to get your attention. Dramatization (OMG), emojis (🤡) and a vague description that could mean anything, along with a statement that sounds like something middle school child would say to sound cool without a shred of evidence. 5K upvotes, platinum award, gold awards. + +Their post history is a fucking shitshow of this kind of bullshit. + +https://preview.redd.it/mnijnv65q7d81.jpg?width=1242&format=pjpg&auto=webp&s=ebdd4eaa82f51635eaa60beaf5740cbacfcda39a + +https://preview.redd.it/q37jbdo5q7d81.jpg?width=1251&format=pjpg&auto=webp&s=fc4a7cf17fb56fd202353d7c80878a660cba055f + +https://preview.redd.it/n32drpc6q7d81.jpg?width=1263&format=pjpg&auto=webp&s=cc36e875fd8712b3d11866222519e99eddc9aea1 + +https://preview.redd.it/x92m3au6q7d81.jpg?width=1263&format=pjpg&auto=webp&s=dd4d6f2ca1f1786c599b48dc7a254491ae5bf8ed + +Notice a trend? + +* CAPITAL LETTERS +* 🤡🤡🛑🛑🔥🔥🔥 +* SEC JUST DID WHAT TO POPCORN STOCK!?!??!?!?!? + * **EDIT: As this post is getting attention, I want to drive this point all the way home: Vague sentences are chosen because they psychologically stimulate your emotions (excitement, fear, surprise, curiosity, confusion) without actually saying anything. The difficult thing about them is that they are usually true in a sense, but in a very dishonest way. An example of vague sentence is the WeBull CEO's comment on GameStop apes being all talk, he says:** **"we're seeing our investors take money off the table in Gamestop"** **which is probably true, but is true if there is 1 seller and 1000000 buyers. It means nothing but sounds like it does, and that's why he says it. That's categorically negative towards GME, but in the case of the person I talk about here, saying "Ken Griffin EXPOSED on local news" means absolutely nothing either. Exposed how? That he was planning a surprise party for his son or that shorts didn't cover? They don't specify because that's what they want you to find out by heading to their YouTube channel.** +* Links to paywall articles +* Links to youtube channels + +If you go back more than 5 days, any video post I click on is removed, and all that aren't (mostly newer ones) are from YouTube channels with 10k - 60k subscribers, with the same title as the post. Why would someone just post the same videos from YouTube channels that say the same basic shit **"WHAT'S UP YouTube today popcorn stock went up and then down and then sideways and then some more down smash that like button, here's some posts from superstonk and my inane commentary, subscribe and bell check description and merch pls see you next time ape gang"**. Just watch one or two of them to see what I mean. Why would someone post these videos multiple times a day on different subreddits, every single day? It's ALMOST like this person has an incentive to do so. + +There are people out there looking to make money on your attention and clicks. They will not bring anything of value to the table, they won't research, they won't inform you. They will seek people that are looking for nothing but confirmation bias, with little to no knowledge of stocks or finance in general, so they can yap on for 10 - 15 minutes per video to optimize ad revenue. These people will try and get your attention by drama, using vague or exaggerated language in titles. Just check out the language used in the pictures above. + +**WORST OF ALL:** These people, and those that upvote the shill posts by extension because they probably don't stop and think for a second about what they are upvoting, are not doing this community any favor (sorry to those well meaning apes here that I target with that, this just needs to be said). + +Now I don't know how many of the upvotes on the post I introduced this one with are legitimate, but still, I implore this community to PLEASE take a few seconds to think critically about the content you engage with. Don't just blindly upvote. + +I'd hate for this sub to become a victim of these "friendly predators" that just play into what YOU want to hear, so that they can get ad revenue and subscribers. + +Edit: Like clockwork. I must have struck a nerve with someone. :) + +https://preview.redd.it/5l5oe8vlr7d81.png?width=1082&format=png&auto=webp&s=c9355610228961439eb1ecf4be06e25f79315a28 + +Edit 2: Some people are talking about what can be done from the Mod team's side of thing, in regards to this. I want to give my 2 cents on that: + +* The Mod can just try their best. That's it. + +There really are limits to what tools like Satori can do. The best defense against shills / people with hidden agendas lies within all of us, as Moderator Half\_Dane points out and get downvoted for. To take everything with a grain of salt and pay attention to the language being used. I'm sure the mod team are removing shills and other people coming here in bad faith, and we don't see those because they are, well, gone. + +This is not me protecting the mod team from criticism. Criticize away if you must. I just want to make the case that educated and informed people are strong people, and strong people can help identify potential shills, report them, and help teach others how to do the same. + +I do not believe the solution is to ban all caps titles or emojis in titles. To me, personally, that seems a bit of an overreach, when there, IMO, is room for good usage of emojis in titles and so forth. +Pretty much as per the title, but my and my family’s flights were cancelled yesterday and we can’t fly until Monday. I have asked easyJet what are considered to be a reasonable expenses - but they refuse to answer. + +Has anyone got any experience of what can be claimed for in terms of meal values or clothing (we have no clean clothes left as we were due to return yesterday!) + +Any help would be greatly appreciated +Most of you here like me are ETH maximalists over BTC. It has better devs, better features and a better future. But, everytime BTC goes up, ETH seems to lag behind, and everytime BTC goes down, ETH goes down harder. That wasn't the case during parts of last year and very early this year. So what's changed and what needs to happen for ETH to outgrow BTC? +Every freaking weekend lately, I see half a dozen posts by people who somehow don't understand that the market is CLOSED and option prices are wonky because of spreads. That trade you want to post that you think is risk-free? It doesn't exist. + +Picture middle-age dads standing in front of a closed store while an employee is changing the price tags on the window displays, and the dads chortle "WeLl i GuEsS tHaT mEaNs It'S fReE!" + +Except half of you are being serious, and the other half still think it's funny. + +EDIT: The "what am I missing here" is solely referring to the arrogant people who ask an honest question but then insist that any critical replies simply aren't understanding them, doubling down on why they must be correct. It's way too frequent. +After u/Atobitt amazing DD yesterday, 2 sources emerged that basically confirmed Atobitt's DD to be factually correct: The book "Naked, Short and Greedy" by Wall Street whistleblower **Dr. Susanne Trimbath** (Link here: [https://spiramus.com/naked-short-and-greedy](https://spiramus.com/naked-short-and-greedy)), and the paper "The Rise and Effects of the Indirect Holding System" by law professor **David C. Donald** (Link here: [https://www.ilf-frankfurt.de/fileadmin/\_migrated/content\_uploads/ILF\_WP\_068.pdf](https://www.ilf-frankfurt.de/fileadmin/_migrated/content_uploads/ILF_WP_068.pdf)). + +&#x200B; + +I think these 2 very accomplished individuals know a lot about the evidently fraudulent financial market and **apes would benefit greatly if we could invite these 2 for an AMA session in the future**. + +&#x200B; + +What do you guys think? Equally important, what do mods think? + +&#x200B; + +Obligatory GME to the moon 🚀🚀🚀 + +&#x200B; + +Edit: Credits to u/[LongTimeLurkTard](https://www.reddit.com/user/LongTimeLurkTard/) for reminding me: It is my intention that this AMA interview be solely about the broader macroeconomic environment and the inner workings of the DTCC and DTC. I don't assume that these two individuals have the most up to date info regarding GME, and I have no intention of creating another AMA disaster where hedgies have another seemingly legitamate reason to tank the stock. +Link [here](https://www.cnn.com/2020/05/25/tech/airbnb-hosts/index.html). + + + +With global travel screeching to a halt during the pandemic, a number of Airbnb hosts are planning to sell their properties -- at an [uncertain moment](https://www.cnn.com/2020/05/21/success/real-estate-home-sales-drop/index.html) for the broader real estate market -- or get rid of some of their rentals as well as the furniture they bought to deck out their homes. These desperate moves come as hosts face the possibility of losing thousands of dollars a month in canceled bookings while bills, maintenance costs and mortgage payments pile up. The sudden and painful whiplash for hosts highlights both the broader financial fallout from the pandemic and the potential risks of betting one's livelihood on the staying power of newer tech platforms. + +"We have been working to support our community through multiple efforts, including committing $250 million to help support hosts who were affected by COVID-19-related guest cancellations and $17 million to our Super Host Relief Fund," an Airbnb spokesperson said in a statement, adding that it's launched [new cleaning protocols](https://news.airbnb.com/our-enhanced-cleaning-initiative-for-the-future-of-travel/) for hosts. "Our internal data points to guests' desire to travel and we are preparing to help hosts welcome them as soon as possible." + + As the pandemic has stretched on, Airbnb's business model has been thrown into question. After [reportedly](https://www.bloomberg.com/news/articles/2020-03-02/airbnb-s-path-to-2020-stock-listing-imperiled-by-coronavirus) planning to make its splashy Wall Street debut this year, the company instead had to [lay off about 25% of its workforce](https://www.cnn.com/2020/05/05/tech/airbnb-layoffs/index.html). At the same time, it has struggled to appease the hosts who are the backbone of its service. Airbnb [announced](https://news.airbnb.com/a-letter-to-hosts/) in late March it would pay hosts 25% of what they would typically get back through their individual cancellation policies, but some hosts told CNN Business the policy didn't go far enough to help, or that they received smaller payments than expected. + + "The margins are so low, it doesn't make sense to keep it," Cabrales said. "The pandemic just pushes it over the edge." + The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.9 percent in June on a seasonally adjusted basis after rising 0.6 percent in May, the U.S. Bureau of Labor Statistics reported today. This was the largest 1-month change since June 2008 when the index rose 1.0 percent. Over the last 12 months, the all items index increased 5.4 percent before seasonal adjustment; this was the largest 12-month increase since a 5.4-percent increase for the period ending August 2008. + + +&#x200B; + +Release: [Consumer Price Index Summary (bls.gov)](https://www.bls.gov/news.release/cpi.nr0.htm) +EDIT: come on! Fake gurus! STOP messaging me! I just made a post about how fake gurus made me blow up 3 accounts, I DONT WANT TO BUY YOUR COURSE. + +So, I was always a dummy regarding any type of investing. I learned about forex and decided to give it a try... I then had the brilliant idea of learning from gurus...fake gurus. + +After one year, I had blown 3 accounts (140 total). + +I, then, had the brilliant idea of learning from Reddit and its books list. I read the recommendation from a number of investing and trading subreddits and oh boy... You think you are smart until you realize you are not. Damn you Dunning-Kruger effect. + +I'm now interested in economics and forex for real, and I know enough to safely assure that I know almost nothing but at least enough to understand what I lack. + +During the past week, I actually tried trading for the fourth time, and from an initial capital of 60, I'm now at 110, and I'll not stop reading nor stop learning about the market and what makes it move. + +And the only strategy I used so far was shorting resistance and buying support +It seems that Sam Bankman is already violating his bail release terms and conditions. + +As per his bail release, he may not transact over $1000 without approval. If he violates the terms, his bond may be forfeited - which means his parents home could be forfeited. + +Lets look at what the scammer has been upto: + +In 2020, he tweeted his wallet addresses in an effort to seek ownership control over SushiSwap. + +[Sam casually tweets his address out. ok uh](https://preview.redd.it/8e7seijnwy8a1.jpg?width=1228&format=pjpg&auto=webp&s=a88f627679cfedc94ea53519eb70afd72c96f619) + +And just to confirm he completely controlled this address, the then head of SushiSwap - Nomichef tweets that he has transferred control of Sushi to Sam. + +[Nomi: I'm transferring control to SBFAlameda now.](https://preview.redd.it/ix5d08pbxy8a1.jpg?width=1304&format=pjpg&auto=webp&s=06cb4e40082be251228cd308b8a5b18b5a25f847) + +And what do you know... this wallet was just emptied out, right after Sam got released on bail. + +Here is the wallet: [https://etherscan.io/address/0xd57581d9e42e9032e6f60422fa619b4a4574ba79](https://etherscan.io/address/0xd57581d9e42e9032e6f60422fa619b4a4574ba79) (lets label this as "**0xd575**") + +Around 0.66eth was sent out from here to another wallet, thus emptying this wallet. + +And if you follow the trail from here, the funds finally end up on a no-KYC exchange: [https://etherscan.io/address/0xa8f296def58797cc48c5e6bdc047535b2eecaeab](https://etherscan.io/address/0xa8f296def58797cc48c5e6bdc047535b2eecaeab) + +Over $50k were swapped in this manner. + +This is just in one wallet. One of the other intermediary wallet which received funds from "**0xd575**" is "**0x7386**". This wallet has recieved hundreds of thousand in the last couple of days, all of them eventually cashing out to no-KYC exchange. + +Here is that intermediary wallet: [https://etherscan.io/address/0x7386df2cf7e9776bce0708072c27d6a7135d51cb](https://etherscan.io/address/0x7386df2cf7e9776bce0708072c27d6a7135d51cb) + +The pattern is similar - the wallet receives funds, and swaps them via no-KYC exchange to launder the funds. + +This shows that the wallet that is directly linked to Sam has been cashing out. + +These are not transactions made by the Bankruptcy trustee, since any transaction they make has to be signed off by the bankruptcy court first and furthermore, they wouldnt use a no-kyc exchange to hide their trail. +Mods, feel free to nuke this. + +I'm regional. I have a good job. I save 1/3 of my take home pay every fortnight. I salary sacrifice more to dump into FHSSS. Been doing this for 3 years. + +I have no debt/Afterpay to speak of other than HECS. No expensive hobbies. No going out. + +Got off the phone with a mortgage broker and his offer is 100k less than what I need for a entry level property in a shithole suburb. It would have been fine, if regional prices hadn't jumped up in the cashed-up exodus from the capitals. + +I'm struggling real hard every day, breaking my ass to try to save for a house. In the end all I seem to do is keep feeding my bastard landlord more rent money for the properties he inherited from his parents. + +I could go to Sydney or Melbourne for a higher paying job, but all that does is put me back at square one in terms of affordability. + +I feel that the dream for people under 40, or people who don't have help from their parents, is dead in its grave. How are we supposed to have a stake in this society if we can't have one of the most basic needs met? How am I supposed to have kids? Have a dog? Hang pictures without begging my landlord to let me put a hook on the wall? + +I want to give up. + +All I've ever wanted in life was a place to call my own. + +This is a rantpost, but at the same time, I'm genuinely asking how on earth we got to this point, and if I should just forget about buying a home and just flush my money down the toilet. +Nearly 70% of India’s largest portfolio schemes by assets lagged the benchmarks in the last fiscal amid volatility. As many as 14 of the top 20 schemes—with cumulative assets under management worth Rs 1.17 lakh crore—tracked by BloombergQuint, underperformed, according to data disclosed on the Securities and Exchange Board of India’s +website. The benchmark returns in FY22 were less than a year ago as markets turned choppy amid uncertainties around costlier commodities, foreign selling, the U.S. Federal Reserve’s rate hike cues, crude surge and Russia's Ukraine invasion. + +On an average, total returns for the top 20 schemes stood at 20.89% during the fiscal compared with the benchmarks’ 20.95%. That was mostly aided by three portfolio schemes comprising mid- and small-cap companies. +The top 20 schemes accounted for 53% of the total assets under management of the portfolio managers. These schemes together witnessed a net inflow of Rs 9,688 crore in FY22. Portfolio schemes of White Oak Capital Management and IIFL saw the highest inflows during the year. The IIFL scheme outperformed the Nifty 50. The three schemes that returned the most gains in FY22 were Old Bridge All Cap Fund and Alchemy High Growth Select Stock—benchmarked against the BSE 500—and Unifi’s Blended Rangoli, benchmarked against the BSE Midcap Index. + +Article: https://www.bloombergquint.com/business/indias-top-portfolio-managers-failed-to-beat-benchmark-indices-in-fy22 +Welcome to the Daily General 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 meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](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. + +*** + +Thank you in advance for your participation. Enjoy! + + + +To say that things have been grim out here in cryptoland has been an understatement. It has been hard to watch line go down and while every Buffett quote is in full effect, those of us who have bought the dip have felt pretty rekt along the way. + +So while there’s a bit of a bounce now, it’s understandably hard to get excited. We’re staring down the barrel of a period of consolidation and it’s frightening to think where this can all go after so much money was wiped off the market. + +But if you think this is the first time a coin has been declared dead, you’re absolutely out of your mind. If you thought a correction was never coming, you’ve lost all touch. And if you don’t expect crypto to come roaring back, especially with EIP-1559 still on the way, you probably just need to be committed. + +Because you’re not thinking clearly at that point. How many more times will you need to see this story play out to see the forest through the trees? + +$SAT offers a unique opportunity to get in with a token at a $5M market cap but with over 50,000 holders. I promise you, these opportunities do not exist elsewhere, and will not exist in a bull market. + +[Website](https://saturna.co/) + +[PancakeSwap](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x1e446CbEa52BAdeB614FBe4Ab7610F737995fB44) + +[Telegram](https://t.me/saturna_TG) +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Guys I read this article and got worried about my investment in index fund. So the future bear markets will wipe out all my earnings? + + [After Two Of The Greatest Bull Markets In U.S. History, Why Are Boomers So Broke?](https://realinvestmentadvice.com/after-two-of-the-greatest-bull-markets-in-u-s-history-why-are-boomers-so-broke/) + +&#x200B; + +One paragraph says: + +"You will notice that in every case, the entirety of the previous bull market advance was almost entirely wiped out by the subsequent decline. + +So, what happened to all those baby boomers? Well, let’s walk through the sequence: + +1. **Age 30’s:** In 1980 the *“baby boomer”* generation is working, saving, and participating during one the 80-90’s bull market. +2. **Age 50’s:** From 2000 to 2002, the *“Dot.Com”* crash cuts their savings by 50%. +3. **Age 53-57:** From 2003-2007 the full market grows savings back to their previous level in 2000. +4. **Age 57-58:**  The 2008 “Financial Crisis” wipes out 100% of the gains of the previous bull market and resets savings values back to 1995 levels. +5. **Age 58-63:** From 2009-2013 financial markets rise growing savings back to the same levels in 2000. + +>***At the age of 63, “baby boomers” are staring retirement in the face. Yet, because of the devastation of two major bear markets they are no closer to their retirement goals than they were 13-years earlier."*** +Borrowing interests rates have been on the rise due to inflation. I underrated that this is done to curb demand and incentivise saving. But what better way to incentivise saving than to increase bank account saving rates? However, in my country (UK) saving interests are between 0.5% to 1% per annum. +I know during the “Reagan revolution” in the 1980s a famous change was cutting the top marginal tax rate down from 70% to 28%. I often read that this rate didn’t matter much since the rich did not pay those taxes. If so, were there other reforms or loopholes created? This is confusing to me because charts like these are pretty famous: + +https://b-i.forbesimg.com/louiswoodhill/files/2013/03/Income-Inequality-Chart-032713.jpg + +https://www.cbpp.org/sites/default/files/thumbnails/image/ineq-landing_landing.png + +And yet people argue the rich didn’t pay those high taxes. So were the rich just a lot less richer because instead of bargaining for super high salaries, they didn’t bother since it would be taxed so high? I’ve read the CEO salary is 350x or so the average employee vs much less in 1970. Or was reported income so much lower? + +I know lots of things could be contributing, globalization hollowing out jobs is one thing cited, union busting? But I can’t help but think it’s somehow connected to the Reagan administration’s decisions given when it started and knowing the significant shift in politics then? What am I missing? + +Edit: just wanted to add I’m aware this wasn’t just one US president but an overall shift that crossed party lines on consensus. Just used the name Reagan revolution since I have seen the whole thing called that before but didn’t mean to pinpoint it on him or anything. +I'm one of the $450 GME hodlers. I saw the DD and it looked solid, it IS solid. What I didn't account for was blatant market manipulation, of course, collusion, financial fraud, and lies. With an initial investment of just 4 shares, I saw the buy button disappear, and GME just tumbling down. + +*"HOOOOOOLD"* read the comments in the WallStreetButts sub. I bought at 250, price kept falling. I bought again at 200, and falling, and falling. 1 week later or so, I sat at work, looking at my phone's investment app: GME, 12 shares, -83%. I felt devastated, to be frank. I had spent so much money on this and it SHOULD have worked, but it just DIDN'T. *"That's what FOMO gets you"* said my friend in an Messenger group chat. I got people slidin' in my Reddit inbox telling me to sell, they're *"looking out for me"*. + +Sitting there at my work, I had what felt like a burning ball of lead in my stomach. I wanted out. I just wanted this to be over and eat my fucking pride. I made a mistake, and I clearly wasn't meant to be investing if this is the kind of shit I get myself into. I looked at the big fat -83% on my phone screen, and then a small flicker of **something** strafed my heart: ***I'm this far down, why should I sell now? What craziness if I hold, GME moons, and I then sell for an ungodly amount of money?*** + +*"If I sell these shares in the green, I have bragging rights, forever"* I replied my friend, he agreed. *"Thanks, but I'm comfortable with my investment"* I replied the strangers telling me to sell my GME shares. I then sat down and look into Ryan Cohen and DeepFuckingValue, and the DD I did on Ryan got me pumped. + +Then came one of the first hype days: The Congressional Hearing on GameStop, with Ken Griffin, Gabriel Plotkins, and Vlad Tenev. I opened up YouTube, entered the stream, and fixated on watching this as **neutrally as I possibly could**. They said they closed their shorts, that no collusion happened, that NOTHING happened that wasn't fully legal and it was all standard procedure, etc etc. *"Were they telling the truth?"* I asked myself. DFV was sitting in front of a poster with a cat saying "Hang In There", and I wanted very much to believe it actually meant something, that he knew something I didn't but couldn't say. I paced around my apartment, couldn't decide on what to think. The evening got late, so I slept on it. + +Next day, I log onto Reddit during trading hours: "HE FUCKING DOUBLED DOWN" read several post titles of some screenshot. DFV had just bought god knows how many thousands of shares at $38. My eyes lit up, I suddenly realized it all: YES they are fucking lying. OF COURSE they are lying and cheating. NOTHING about these fucks has changed since 2008. NOTHING. The rottenness of their souls is **sophistically without limits, just like losses on shorts**. I went onto my trading and placed an order for more than a hundred shares. **IF HE'S STILL IN, I'M STILL IN.** This was personal now. I was now playing the long game. + +One day in late February, riding my bike home from work, I hit a brick that was laying right in my path, and I was sent flying. Landed on my hands and broke my wrist. I was actually on my way to the doctor, and I managed to bike there despite my condition. Shocked to see my all muddy, we quickly got me an appointment at the nearby hospital. In the waiting room I went to the old GME sub. GME had dipped 10% and bounced into bumpy climb. *"This price action looks like a tied down gorilla that is getting out of control"* I replied to some post there, before my phone ran out of power. + +Later when I got back, the market had been closed for almost two hours and it was approaching midnight here. Feeling a bit defeated and sad from all the shit that had happened, my arm in a cast now, I turned on my phone, opened my investment app. I honestly thought I had hit my head too hard and was seeing things, I couldn't believe my eyes. GME was trading at $120 in after hours, and I ridiciously in the green now. **WHAT IN THE EVERLIVING ALMIGHTY FUCK HAD HAPPENED?** The volume, that day alone + after hours, traded a ludicrous amount of shares, all mostly concentrated in half an hours before market close and a bit into AH. The usual suspect reddit subs were lit up with gif posts of GME's resurrection. At this point, I knew this stock is special, shorts definitely never covered, and I won't sell before I got Wall Street CEOs begging on their knees to suck my dick for shares. + +I put my phone down. Despite all that happened to me that day, I went to sleep with a smile on face. + +Thank you for reading, there's much more I could write about, like the price tanking like 50% in minutes in March, but long story short: I'm still here, these many months afterwards. My hands are of the purest diamonds. I haven't sold a single share, and I hope you won't either. I am definitely going to the moon with this stock. I have never been so bullish on any other investment. I trust RC, I trust the GameStop board of directors, I trust all the talented people he has hired, their plan, their silence, and I trust you guys, because I know you see what I see. I see value, deep fucking value. + +Edit: Also, to this date, I have not seen ONE SINGLE PERSON come with a good explanation for what happened on that fateful Wednesday in February. None. A stock just trades million after million of shares within an hour and send the stock up 200%? **AND NO ONE KNOWS WHAT HAPPENED?** + +Edit 2: Lmayo. Shills are downvoting every single comment here. Stay mad, losers. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +I'm seeing a lot of posts comparing this to the 2000 dot-com bubble. Here's a breakdown of why we're likely not anywhere close to 2000 levels of craziness. + +**First:** During the dot-com era, the Nasdaq Composite's price-to-earnings valuation ran up as high as 200. By comparison, the index's P/E today is a relatively tame 28, only modestly higher from 23 at the end of 2019. + +**Second:** Interest rates were a very attractive 6% which provided a strong alternative to stocks. No such outlet exists today unless you trust bitcoin, or want to invest in paper gold. + +**Third:** Much of the value gains we're seeing in the market can be tied directly to the fact that people who invest are making similar or better money this year, and spending significantly less causing them to save more and invest more: + +[https://www.nytimes.com/2021/01/01/upshot/why-markets-boomed-2020.html](https://www.nytimes.com/2021/01/01/upshot/why-markets-boomed-2020.html) + +**Fourth:** The rest of the growth can largely be attributed to increased liquidity from all of the money printing. Stocks tend to mirror an increase in the money supply with their value making them a great hedge against inflation. The valuations of the 2000s weren't backstopped by QE or increased savings, making them much shakier. + +**Fifth:** The money printing will likely go on for a while. People mistakenly assume we're printing against our 22T dollar economy when we're really printing against the 80-100T global economy for which are the reserve currency. A weak dollar benefits the global economy, and benefits us because we are the trading floor for the global economy. + +This is a long but very illuminating read on why QE is necessary and actually helpful: + +[https://www.lynalden.com/fraying-petrodollar-system/](https://www.lynalden.com/fraying-petrodollar-system/) + +**My Take:** There are a few stocks that are out of control with their valuations (Hi TSLA!), and a few sectors that are overvalued, but overall the market looks to be on sturdy ground with the increased savings, and the increased liquidity. There will be peaks and valleys, but I think there's a lot of room to grow, especially once the vaccine is widespread. +I see a lot of ppl who say that right now is not the time for this plan. They say we already struggling with inflation (which I guess it is true, inflation has sucked this past year) so this plan would just make everything worse. +Apparently there’s a new trend of people secretly working 2 jobs remotely and I immediately thought of this sub. + +Is this the real deal? Is anyone doing that now? Would love to hear how that’s going. +Twenty five year real estate investor. I have a very long history of buying the worst property on the block. Often 10 acre factories built in the 1900-1950's in the middle of small town America. I tear down half and invest low seven figures into the rest of the building. By the time I am done it is a result everyone is happy with. Neighbors, the town, and the new business tenants. + +This time I did something outside of my commercial/industrial experience. I bought the worst property on the block but a trailer park aka 35 families homes. The locals have a racist name for it due to it's tenant history and condition. But it has very low rents ($250/month) while being a suburb of a top 10 mountain town with median house prices approaching $3M. Prices have skyrocketed in the area and the rent was cheap 3 years ago. The average wealth of the area has changed in the last couple years. The bottom, which in the mountain town is people making $150k or less have largely been forced to the suburbs. But then the same thing is happening in the suburb. If you don't make $75k, you're now forced out if you're a renter. That's probably most of my tenants. + +My trailer park has collected the drug dealers, the mentally il, and the very poor for the last 30 years. There are two rival drug dealers in the park. Many of the people are just plain hoarders. I estimate 25 broken down vehicles on one property alone. The lot size is much larger than normal for a trailer park. Many people have sofas in their yard. Another guy has built a 20' x 30' plywood garage. There are many cats. The property manager who came from the previous owner, is one of the drug lords and he once shot someones pet dog in the middle of the park for being off leash. One trailer, which paid rent until November, when I went inside has a 3' x 3' hole in the floor so the dog could go in and out. In a climate where it routinely gets to -20\*F. They are all living in 1970's trailers. Code changed in 1995 so that modern trailers aka manufactured housing makes a 1995+ trailer basically the same as a modern house. It routinely snows here September to June. Snow covers the ground November - April. Their homes are basically a homeless encampment. The former property manager, who looks 65 but I'm guessing is 50, has taken us under his wing and thinks he is acting as "our protection" in an effort to get his rival drug dealer kicked out. Basically the former owner and property manager allowed all of this. + +2-3 years ago a mortgage for a new manufactured home was $500-$800/month. 5-10 of the people living as such have trucks with that payment in their driveway. On the other hand you have grandparents with custody of the grandkids but have massive hoarding issues living in a home that is a good storm from collapsing. Morally they are doing the right thing but they have a large dose of mental health issues. + +So I've come in and done what real estate developers are well known to do. I upped the rent and told the people with the worst houses they need to replace them which is about half the park. But wow, have I never been faced with such a moral dilema. In 1-2 years we should have a new park with modern housing that people want to live in. + +Do you evict the grandparents from their 40 year home? Are they better off in quality government housing than their current home on the verge of collapse and full of garbage? + +What about a person who is only getting $1,000/month in social security and is just very poor? + +Am I doing the right thing by ending a homeless encampment in the pursuit of $$$? + +How do you balance people and profit? I sure am getting a life lesson with this. + +Some decisions already made - if you can afford a $800/month truck payment but not a $600/month mortgage for a modern house - evicted. Single unemployed mom going to college - I'm giving her grace and moving them within the property. Drugs/Crime/threats -evicted. But not all of the decisions are that easy. And a shout out to property managers! My new one is fantastic. I had one resident call and thank me. He told me who the two drug dealers are and said what I was doing was long overdue and his young kid lived with him. It wasn't an acceptable place for kids. (Weird statement since he obviously chose to live there.). +Stop posting tweets of Jim 'dickhead' Cramer. He gets his Dick hard of the attention we're giving him. Ignoring him will hurt him the most. I don't want to see his stupid face in my feed. +There is no room for Cramer in Uranus. I sincerely hope that applies for everyone redding this. + +Oh yeah, Buy, hold, DRS. +From WSJ: + +Millions of people are behind on their credit-card and auto-loan payments, the latest sign of the coronavirus pandemic’s financial devastation. + +Lenders in April had nearly 15 million credit cards in “financial hardship” programs, such as deferral programs that let borrowers temporarily stop making payments, according to estimates by credit-reporting firm TransUnion. That accounts for about 3% of the credit-card accounts the company tracks, TransUnion said Wednesday. + +Nearly three million auto loans were in these hardship programs, accounting for about 3.5% of those tracked. + +The numbers have surged from a year ago, when 0.03% of credit cards and about 0.5% of auto loans were in financial-hardship programs. + +The spike in unemployment caused by the coronavirus has strained people’s ability to make their monthly debt payments. To make matters worse, Americans were tapping credit cards and auto loans at record levels even before the pandemic to deal with rising costs and stagnant incomes. + +As coronavirus cases surged in the U.S. and businesses shut down, millions of people told their lenders they wouldn’t be able to pay their bills. Some lenders have allowed borrowers to miss payments for as long as several months on credit cards, auto loans and personal loans. + +[https://www.wsj.com/articles/millions-of-americans-skip-credit-card-and-car-payments-11589985381?tesla=y&mod=article\_inline](https://www.wsj.com/articles/millions-of-americans-skip-credit-card-and-car-payments-11589985381?tesla=y&mod=article_inline) + +In past week: + +Amex up 14% + +Mastercard up 11% + +Visa up 9% + +They're up 3-3.5% today. I assume it's optimism that they will start raking in fees from retailers? Thoughts? Good buy or due for a dip? +Continuation from [https://www.reddit.com/r/wallstreetbets/comments/m237es/gme\_megathread\_part\_2\_for\_march\_10\_2021/](https://www.reddit.com/r/wallstreetbets/comments/m237es/gme_megathread_part_2_for_march_10_2021/) + +This is not a Roblox thread. +(If that title made you want to strangle a rich people...then you know exactly where I’m coming from) + +You know all those videos where they’re like “I ATE LIKE A POOR PERSON FOR A WEEK: HERE’S WHAT HAPPENED!!!” Those people have no idea. $5 a day? Try $2-3 a day. With a $20 grocery budget (and that’s being generous!) I can manage sandwiches, pasta, canned vegetables, and lots of ramen! But any time I try to get cute and make a real healthy meal (I make a mean stir fry!) that just means I get that one and ramen for the rest of the week. + +Keto? Heck no. Carbs are literally the cheapest food item on the market. Of course I’m going to stock my pantry with ramen. Of course I’m going to make Mac and cheese a staple meal. The same goes for most other diets. + +So am I trying to be healthier? Yes. Am I going to lose weight? Probably not. I can exercise til my legs fall off but at the end of the day it’s still spaghetti for dinner and cereal the next morning (Cheerios. Store brand.) + +If you’re one of those people living on the edge of your paycheck trying desperately to scrape enough out for groceries, I get you. You aren’t alone. We’ll carb load together. I’m gonna go eat a bowl of ramen. And I’m gonna use the seasoning! Judge me, I dare you. + +And by the way. Because I average a whole $700 a month income (which is almost EXACTLY enough to cover my major bills) I only get $15 a month in food stamps. So yeah... + +Update!!! +Wow um....hello guys. I really didn’t expect this level of response...from being called a fucking idiot (might be!) to the very informative helpful ones about how to live on my budget (Thank you!). Also just because I mentioned carbs are the cheapest doesn’t mean I’m not eating meat (thank you to that message who told me to eat som fucking protein!) + +So some clarity: + +My income before taxes is $800. That means after taxes (sometimes different because of hours.) I make between $650 and $700 a month. I’m pretty sure our food stamps program is one of the worst (at least I feel like it is.). The most you can get as an individual is just under $200 a month. If you make as much as I do (which is coincidentally the max a person would get on SSI disability) then you either qualify for very little or no food stamps. + +I live in SC in a very small middle of nowhere town. There is ONE food pantry run by many churches and they’re weirdly strict about who gets food. You do have to qualify for food stamps to get food from them (Don’t get me started on how stupid that is.) and you have to go on a certain day and time. There are a few other food pantries out of town (30-40 mins away.) and I have gone to them a few times but tend to work during their food five away hours. + +As for why I would settle for my income, I am entry level in the field that I want a career in. I am the very bottom level and am working to take the classes and get the certifications I need to climb the ladder (as it were.) I do still perform on the side as a children’s story teller and that gets me some extra cash around the holidays. + +Rent in my area (1 hour radius) is anywhere from $800-$2000 a month. I am fortunate enough to live in a low income apartment that is subsidized by the government. This allows me to live on my own in a small apartment community while I work and try to get the education I need. + +I believe I saw one comment about it being Easy, healthy, and cheap. Pick two. I confess I often pick cheap and easy. It’s not an uncommon choice for sure but I’m in total agreement that in order to make it cheap and healthy there’s a ton of time and means involved (both of which are slim at the moment!). I am working on getting to that level. Which is why I appreciate the links to some of the blogs and YouTube channels people have posted. + +ALSO I think it’s worth saying that I in no way think that I’m doing everything I can to lose weight. I recognize that I should work harder at it, burn more calories, etc. I do not see myself as some pitiful helpless human. I know there’s more work to do and with my current situation, I am doing my best to make it work. + +All in all this was really just meant to be a rant about how much I can’t stand the videos that portray someone trying to live on my budget. I wish to God I could make a video that was like, I ATE LIKE A SIX FIGURE EARNER FOR A WEEK! HERES WHAT HAPPENED! XD + +Thanks for all the supportive comments, discussions and the silver! +I had a jaw-drop moment earlier today when I was just randomly thinking about how awesome it is that this sub converted a whale. I was looking at the beta NFT website. They had a section for "What is an NFT" that gave some good detail, and I always wondered why they included the words "real estate". At the time it made my nips quartz because of the possibility of turning a home into an NFT. After giving it some more thought it now makes them certified de Beers diamonds. + +Apes, Pulte work/ed/s in Real Estate. My first house was a Pulte house in Virginia. They have Real Estate all over the country. Can you imagine a better partner for bringing NFTs into Real Estate than a fellow ape WHALE? Yes I know an Ape-whale isn't a real species. Can you imagine the pure, 100LL fuel it would pour on the fire to have a real estate giant like Pulte come out and say "We're going to be hand-in-hand with GameStop to help blockchain the real-estate world". That right there is headlines all over the world... + +...and I think we all missed it until now. +Hey all, the title is pretty self explanatory. This is not my rental. It's a friend's. He bought the property in July, tenants occupied. They are section 8 tenants. They have been threatening my friend (the owner). He lives in the building too on the first floor. + +He has asked the tenants to remove some of their rubbish in common areas and they've reacted violently, cursing him out etc. They have ripped security cameras from the walls. They have now brought people to the building explicitly to fight her and destroy property. + +What can he do? He's called the police and they've done nothing. What else can she do? + +Sheriff's Office is also refusing to enforce evictions though he has already started the court process. +>Aditya Puri, managing director and chief executive officer of the country's largest private sector lender HDFC Bank has sold 95% of his stake valued Rs 843 crore in the bank this week. According to insider trading data published by the stock exchanges on Saturday, Aditya Puri has sold 74.2 lakh shares of the bank between July 21 and Jul 24. Before this transaction, Puri held 77.96 lakh shares or 0.14% of banks equity capital. + +[https://economictimes.indiatimes.com/markets/stocks/news/aditya-puri-sells-shares-worth-rs-843-crore-in-hdfc-bank/articleshow/77178810.cms](https://economictimes.indiatimes.com/markets/stocks/news/aditya-puri-sells-shares-worth-rs-843-crore-in-hdfc-bank/articleshow/77178810.cms) +[just\_a\_manatee](https://www.reddit.com/user/just_a_manatee/) is a prolific poster, and these comments are all from the last month. He’s a young guy and has accomplished a LOT. Needless to say, I’m skeptical… + +**I’m 26** + +[Source](https://www.reddit.com/r/fatFIRE/comments/r86p66/comment/hn5hvdx/?utm_source=share&utm_medium=web2x&context=3) + +**My parents did well for themselves, they themselves fatfiring with a 9 figure portfolio of which I haven’t gotten any yet** (although I do have a 529 & a trust, which isn’t a very significant amount but did allow me to buy my first camera gear for my advertising/production business). + +[Source](https://www.reddit.com/r/fatFIRE/comments/r2watv/comment/hmle1cd/?utm_source=share&utm_medium=web2x&context=3) + +***Note: obesefire parents, but he started his career with little cash support*** + +Had a digital marketing agency that got absorbed by someone larger, fatired but got bored & started a new business. Probably coolest swag we did was on family day we had a company there (**this is 10 or so years ago**) where they captured a 3D image of you/your family/whatever & would etch it inside a large glass/crystal. + +[Source](https://www.reddit.com/r/fatFIRE/comments/r87lz5/comment/hn4oahf/?utm_source=share&utm_medium=web2x&context=3) + +***Note: So he started his own business when he was 15 or so? Is this his first or second business? He mentions elsewhere that he went to college.*** + +Currently I own an apartment in my families hometown, an estate in my families home town (current home & will be getting rid of it), an island in the Bahamas, a ranch in Wyoming (future main residence), a remote property in Alaska (truly remote in the center of a park, will have log cabins etc), & then a family home in Europe. I plan to create a lodge (12-24 rooms with a few private cabins as well) in the Bahamas, Wyoming, & Alaska. I plan to operate a boutique service similar to other operations found around the world & use them to socialize with other fats on occasion. Having a second, third, etc property can be great but can also be tedious. **I currently have a staff of 4 people that maintain each property, but I will probably end up employing 50 people at each lodge location to fulfill my requirements of needing to do absolutely nothing but have everything.** + +[Source](https://www.reddit.com/r/fatFIRE/comments/r1md11/comment/hlzwatb/?utm_source=share&utm_medium=web2x&context=3) + +**I currently have 2 employees for my properties.** One is the property manager, takes care of basically everything that is outside of the interior of the house from pool maintenance to lawn care. I also have a maid/personal assistant, which cleans the house twice a week (takes about 6 hours), does daily random crap (from laundry, to taking out trash) & handles my business schedule (my wife & I handle our personal schedules for family time etc). I pay them $150,000 a year (for the both of them, they’re a domestic couple & are married) in salary plus many other benefits (such as retirement, health, transportation, & an annual trip for them to take a 3 week vacation in addition to the regular times they take off). My current house is around 8 acres with about 15,000 sq ft under roof (very large patio & garage, about 10,000 heated). However I’m in the beginning stages of building our forever home, a compound of about 6,000 acres, 250 acre lake, woodlands, multiple buildings (I’ll be my own utility since the property is remote), it’s own landing strip, a resort style pool, with the main home will be about 45k sq ft (10K sq ft will be garage/patio space). In the end I’ll hire 7 people total; 2 maids/PA’s, 2 property caretakers, 1 personal chef, 1 butler/manager & 1 security guard (no real need, but I’ve had people hunt illegally on the property & the majority of land is for conservation (I’m using about 500 acres of the 6,500, & the majority of what I’m using is still for farming/raising animals). Current compensation I’m looking at is around $2 million for all 6 plus the cost of building nice homes for the employees. + +***Note: I’m losing track of the millions of annual spend, and the ever-changing number of people he employs.*** + +[Source](https://www.reddit.com/r/fatFIRE/comments/qpegeg/comment/hjutsgt/?utm_source=share&utm_medium=web2x&context=3) + +Budget wise I’m shooting for $1K a sq ft, plus extra cost for the imax ($1m), pool ($5m), aquarium($2m), garage tools/equipment including lifts ($1m), & server room ($5m). The rest should be covered by the $1K a sq ft. **My best guess for the house will be somewhere between $50 & $75 million.** + +[Source](https://www.reddit.com/r/fatFIRE/comments/r0p7k6/comment/hmdbgzx/?utm_source=share&utm_medium=web2x&context=3) + +Then the mac daddy of them all which will be my homes personal server that will be running everything from automations, scheduling home maintenance, to my personal favorite feature which is a custom machine learning algorithm tied basically to everything (sensors, email, calendar, etc). Basically the goal will be to assign profiles to users, then it will learn what you like & dislike (ie, on a sunny Friday afternoon when both users are home, we turn off the living room lights, switch the tv to Apple TV, navigate to the Disney plus app, turn the fire place on, etc). It’ll recognize pattern in our day to day & hopefully make life easier. I’m minimizing the touchscreens on the walls opting for buttons instead. It’ll also be voice controlled, but I’m more gearing towards it being completely automated based on the users habits\*\*. There are many more parts to this, but basically what I want doesn’t exist in the market so I’m creating it along with some engineers I’ve hired.\*\* + +[Source](https://www.reddit.com/r/fatFIRE/comments/r0p7k6/comment/hn4i6kd/?utm_source=share&utm_medium=web2x&context=3) + +I did inherit things most of which I’ve put away strictly for retirement such as a Roth IRA that was started for me as a child. I had a small trust (5 figure) which I used, but I snowballed it all into more. When my father passed away my mother tried to handle the aspects of her finances but having never done that she didn’t do a good job\*\*. I formed a family office via chase Private client & manage her finances for her. She was traveling every week with her jet card & it made financial sense to purchase her a plane. I sold my main business as well as selling smaller business to convert them into something (such as my aviation leaseback business that I used to purchase my TBM 940 & other small piston/turboprop aircraft.\*\* **I made my money via an advertising/marketing/video production company that got acquired, using that money to short & long tesla, gme, apple (father was an early investor & actually got technical support from Steve himself which I find to be awesome), an ITAR compliance business** (which I’m not fully out of as I plan on starting my own FFL/SOT which will allow me to build legal machine guns & other guns), **& then a few patents in the oil industry that are now used worldwide**. Lots of luck tossed around in there as well. **I’m not fully diversified into ETF’s yet, I have 9 figures in cyrpto that I’m slowly selling off**, but I still make enough residuals from my parents that I can let my etfs reinvest any money they make. It’s a very unique situation where any money I make outside of the patents immediately goes into savings or making a large purchase (such as the land & house), but my patent supports my day to day lifestyle (which I try to make as efficient as possible, I currently live in a 10,000 sq fr test bed house I built to test out some tech for my future build & it costs me around $2K a month to run (includes everything from heating/cooling to all the steaming subscription services\*\*). I’m currently in a tech business I started after selling my others & traveling for a while as I got bored with it (I had already traveled a bunch with my parents growing up). The business is with some friends & I’m using it to elevate them to fat fire status as well so that we can all travel the world together & live on the same property. Think of a religious cult without the whole religious aspect; we’ll just be relaxing in our homes & then decide to travel to Japan for a week together.\*\* + +[Source](https://www.reddit.com/r/fatFIRE/comments/r2watv/comment/hmynnun/?utm_source=share&utm_medium=web2x&context=3) + +***Note: has anyone kept count of how many businesses he has or had? His dad got tech support from Steve Jobs! He is a wizard investor. He has patents.*** + +Context, my family has a global 7500, 2 CRJ’s for charity work, I own a phenom 300e & some various turboprop/piston since I’m a pilot myself. We used to have a netjets card to get around but that proved to not give us the flexibility we were wanting. My mother now uses the global to travel to her hearts content since my fathers passing, & I use it to handle her affairs when needed. Currently we have them with a management company but soon I’ll be starting up my own flight department to handle her travels, mine, & the foundations. The biggest thing you get when you own your own plane is A) Access & B) Personalization. Since we don’t rent the planes out, both she & I have some clothes & other personal items (like an ipad) that live on the planes. It allows me to pack light & “go” immediately in most situations because I know I have things covered. + +Edit: **As far as cost goes, it costs us around $3 million per year for the global, $400K for the phenom (which I fly myself), & then another $400K for the rest of the turbines/pistons.** The global sees the most use at 500 hours a year. + +***Note: He’s a pilot too with over $100mm in planes.*** + +**I also own crypto which is roughly 200 my nm** + +[Source](https://www.reddit.com/r/fatFIRE/comments/r0djfx/comment/hlu3lch/?utm_source=share&utm_medium=web2x&context=3) + +***Note: $200M in crypto*** + +Currently around 75% (NW) is crypto + +[Source](https://www.reddit.com/r/fatFIRE/comments/r0q9bs/comment/hlupbo2/?utm_source=share&utm_medium=web2x&context=3) + +***Note: That extrapolates to a NW of of $266M*** + +***This story just doesn’t pass the smell test for me, and the years don’t match his age. If he said he was 36, it would still be a lot to believe. Obviously there are crypto mega-millionaires out there, I'm not doubting that they exist.*** +We recently purchased our probable retirement home (late 30s with young children, so some depends on their eventual trajectory) and it made me realize how much I’ve learned about moving in silence since we hit our FatFIRE number. In this example, I mean our primary residence is in our actual names; others can see what it was listed for in the cached listing; it’s evident exactly when it was paid off from when the tax escrow came off the county tax records, etc. This makes me a little bit crazy. + +On the latest purchase, I knew enough to buy as an LLC with a lawyer intermediary as the only actual name appearing in the registry; layer in a trust above that; tell the listing agent we’d pay a small premium to have the listing never go live (that part is bald luck because we heard about the potential deal early enough, but from a separate experience I also learned you can ask a listing agent to scrub cached listings, which at least means only other agents know the deal specs); plus a couple of other jurisdiction-specific actions that will prevent anyone from knowing what we paid for the house, and anyone who doesn’t know us from knowing who owns it. + +Those of you who have been at the game for longer: what other strategies like this have you developed? I’m mostly asking in relation to real property, but very interested in the general approach to being private about assets and liabilities. + +It’s important to me for a mix of circumstantial reasons I can’t change, and personality tendencies I probably won’t. + +I’ve even looked into those services that scrub your information from the internet, but haven’t pulled the trigger on one yet. So, if any of you have had a positive experience with one, a recommendation would be much appreciated. +While traditional exchange-traded funds (ETFs), Cryptocurrency and Stocks dominated the market in 2021, a handful of boutique investment firms have begun offering thematic and sector-specific funds for young investors. That's why I feel pressured because some people who are the same age as me are doing well with their investments already. + + +I want to start putting money in ETFs, stocks and cryptocurrency because a lot of my friends have made good returns this way. The problem is that I don’t know where to start.They are suggesting that I should use [Trackinsight](https://www.trackinsight.com/en/?r=1), and [Tdameritrade](https://www.tdameritrade.com/why-td-ameritrade.html?cid=MIXSTNFIN%7C6244049%7C315659119%7C67442974&dclid=CIe2tZnA9PQCFcPKTAId3a4CLQ) to help me in my investment journey since I’m a newbie. They said these apps can help me choose where to invest my money. +It appears to me that asking for investing advice is like walking through a jungle so I would really appreciate hearing some thoughts from the more experienced people here. +Alright, ya fucks, I'm gonna get straight to the point. + +*If GameStop hits 800 before 2/26 we will trigger the Mother of All Short Squeezes* + +As we learned from the last spike to 483, it was **not** the shorts squeezing. *As Melvin* ***admitted*** *in the Congressional Hearing that they did* ***not*** *cover and the spike was from* ***gamma****.* + +If you do not know, this "gamma squeeze" occurs because of call options. As the prices surges, Market Makers are forced to write more calls and buy shares before they even become available, surging the price higher. + +So, now because we have fallen all the way back down to $40, we have a catapult cocked down as far as it can go, ready to be launched. + +There are *millions, and millions, and* ***millions*** of shares written in those call options all the fucking way up to 800. These shares are not only buried in the 2/26 calls, but also every single date after this as well. ***So many fucking shares.*** + +If we can get to 800 and *all these calls become* ***in the money*** the Market Makers will have to scramble to buy millions and millions of shares that will surge the price up. + +The craziest part is that this does not even take into account the shorts covering. So, as the Mother of All Gamma Squeezes squozes, sending the price into the thousands, the shorts will then also be skyrocketing the price at infinitely higher prices. + +If you did not read my last dd [here](https://www.reddit.com/r/wallstreetbets/comments/lnvvu3/why_gamestop_was_going_to_cause_a_collapse_of_the/) about GME short interest being 400%, we learned that u/thabat ran an AI-generated model of GME’s stock price, which predicts a squeeze target of an extreme ***$130k a share.*** + +Now, while I then believed this to be a completely outlandish number, I now believe to have realized that this gamma squeeze that will occur if we hit 800, ***is what it predicted.*** + +*To reiterate:* + +*I believe that the AI-Model of GameStop's share price, which predicts $130k a share, is predicting this because it believes that we will hit 800 before 2/26, therefore causing the* ***M****other* ***o****f* ***A****ll* ***G****amma* ***S****queezes. Which will* ***then*** *trigger the infinity short squeeze which sends us to $100k+.* + +Many others are also starting to realize this as well, check out this post on r/stocks + +[https://www.reddit.com/r/stocks/comments/lrrcdk/gme\_gamma\_squeeze\_part\_two/](https://www.reddit.com/r/stocks/comments/lrrcdk/gme_gamma_squeeze_part_two/) + +While this is not financial advice, it is in my opinion that we need to do our best in holding and buying in order to get the stock price above $800 before Friday. This AI believes we fucking did it, lets prove the future right. + + 💎🙌 + +🚀 + +Edit: END OF DAY 2/26, just so some of you idiots realize lol +Is this the most incredible bull run of all time for a stock? Their market cap is now 430B and the good news hasnt even been announced. + +I have personally put stop losses at 10% with anticipation that people would start aggressively taking profits. I was honestly thinking we would see a drop today but the opposite has occurred. Is it possible that Tesla will have an AMAZON run where it far outpaces justification? + +Edit: Why the downvotes? +Maybe you have already known the Turkish economy goes down. Turkish liras decrease very quickly. And this point i am living in Turkey. So i ask you what should i do? +For make money or protect my moneys value. If you were me what will you do ? + I thought a long-term perspective might be of interest. I first started buying MSFT in the 1980’s after graduating from college. + +In the 80’s you could buy anything and get rich. I think my first shares were in the $30’s. Everything was great until 2000 when the floor dropped out. + +My point is to highlight that for 14!!!! years from 2000 to 2014 my MSFT was dead money. Let me say that again - 14 years of nothing!!!!!!!!!!!!!!! + +I highlight this because all during that time I was confident MSFT would recover quickly but 14 years!!! is a long time to wait. I probably should have cashed out but I was too busy with work and family. Glad that I didn’t now. + +So, for newbies who have only seen a short recession with recovery in a year, I wanted to make them aware that sometimes that does not happen. + +[MSFT wad dead money from 2000 to 2014](https://preview.redd.it/6l78fubglv991.png?width=2776&format=png&auto=webp&s=1999618ebf1b720437cb1157c83dea3a317ca7c5) +***“APE NO FIGHT APE,”*** they shout. ***“APES TOGETHER, STRONG,”*** they insist. ***“We are fighting the same battle,”*** they point out. + +But are we, though? I think it’s time for a modified MO. + +***APE NO LET APE GET SWINDLED.*** + +This post is overdue. At least a year overdue, by my count. By now, you’ve undoubtedly heard the theory that popcorn stock is being used as a “hedge” to GME; I’ve seen it in comments and even some full-blown posts about it already. An infamous wrinkle-brain, /u/bobsmith808, posted a big write-up (go check out his post history because it’s a fantastic read). Even with Bob’s post, I think there is a lot of controversy around popcorn stock, and a lot of confusion on what this “hedge” could look like or whether it is plausible. Before we get to that, ***let’s talk about why so many of us have this bad feeling about popcorn stock.*** + +&#x200B; + +[Buckle up for some controversy](https://preview.redd.it/z50m1v833x591.jpg?width=1024&format=pjpg&auto=webp&s=5c80b554f56e71d3fcc10d7f9ce8500e0b96a3c6) + +# Part 1: Why the FUCK go with Sticky Floor? + +If you were paying even the tiniest bit of attention during the January sneeze, you understood the basic premise of GME short squeeze. The float was small, the short interest % was massive, and RC had recently bought up a huge chunk of shares. ***Therefore, hedgies were fucked.*** There weren’t enough shares for shorts to even close if they tried. The math was simple. + +***Popcorn was NOT a similar alternative***. It wasn’t the next best play. It wasn’t even in the same universe. During the sneeze, Popcorn had \~164 million shares outstanding. If that number sounds low to you, it’s because Adam Aron proceeded to dilute the living shit out of the float. Nowadays, popcorn has over 500 million shares outstanding. ***Doug Cifu would be proud because this thing has virtually infinite liquidity.*** + +Now back to the sneeze-era. Short interest on popcorn was high, but nowhere near GME. The highest reported short interest I can find from any reputable source was in the ***low 20’s***. I’ve seen an Ortex screenshot with 29%, so lets be super generous and run with that. ***It’s still only \~48 million shares, on a ticker that now has 500 million outstanding.*** To put a nail in the coffin, go no further than the SEC report, which shows popcorn short interest at a measly 11.4% + +&#x200B; + +[DDS & BBBY, on the other hand...looking juicy.](https://preview.redd.it/dlx6act43x591.jpg?width=1274&format=pjpg&auto=webp&s=dd66fdf118afd84e69bca3256e89bef9d36fed3e) + +And finally – let’s look at a screen grab from a Bloomberg terminal that I saw recently posted by /u/PWNWTFBBQ. Here was a list of tickers with extraordinarily high short interest, pulled 1/27 (mid-sneeze): + +&#x200B; + +[Popcorn not even listed. Interestingly, Eh-Em-See-Ex is \(Walking Dead Network\)](https://preview.redd.it/2q0qskw63x591.png?width=586&format=png&auto=webp&s=b927dbcaf8c145b275bd567feb5cf32b5d483af9) + +&#x200B; + +# Part 2: What’s With All These Popcorn Babes? + +We've all seen it. Twitter bots spamming all over every post, glowing eye profiles, and even chicks posting pics in their underwear; all to spread the word. Popcorn is going to the moon and Kenny is fucked! #PopcornQueens + +&#x200B; + +[I'm not saying any of these specific twitter profiles are shills, just making a point.](https://preview.redd.it/fhdl4b8a3x591.jpg?width=519&format=pjpg&auto=webp&s=1204b96395210a9d6f41aaed6aa9e1578efda055) + +And my point is this; ***there has been an obvious push on social media platforms to popularize popcorn stock, and to create a narrative that retail loves it just as much as GME.*** Spoiler alert; that’s bullshit. And it’s not just social media. Even Cramer and notorious popcorn ape, Charles Payne are noticeably more bullish on sticky floor than on GME. + +&#x200B; + +[How do you do, fellow Apes?](https://preview.redd.it/0nw2uubd3x591.jpg?width=1904&format=pjpg&auto=webp&s=b246d7bce3ba954118395098fbe28f86c7081a8e) + +I would venture that many of you, like myself, find it shady as hell that MSM is constantly lumping popcorn with GME, and often painting it as the better alternative. + +&#x200B; + +# Part 3: You Got the Wrong Ticker You Idiot + +[Google this headline. It was posted on multiple outlets.](https://preview.redd.it/q09o53wf3x591.jpg?width=2596&format=pjpg&auto=webp&s=acb50f5b701f5c12b61c2b6cbc62411108f827ea) + +***Melvin was dying.*** As we are all well aware by now, it’s really hard to identify who is shorting a given ticker. 13f’s are snapshots and don’t have short positions, not to mention all the hidden swaps they are missing. But there was one thing that was obvious. ***Melvin had one of the largest public GME short positions in town.*** Besides the articles, the press releases, and the og degenerate posts – it was easy to see on their 13f pre-sneeze. At the time, ***Melvin had reported 6 milllion shares worth of puts on GME,*** with zero shares and zero calls. There was another pretty obvious fund with lots of short exposure; ***MapleLane Capital.*** Like Melvin, they held only puts on their pre-sneeze 13f. Wanna see some of their other positions? + +&#x200B; + +[No, I didn't filter out popcorn. And no, I didn't filter out shares or calls.](https://preview.redd.it/nr0iyq7i3x591.jpg?width=1148&format=pjpg&auto=webp&s=115b5e0b6218559095d668f893a2290c7023fb83) + +These 2 hedgies were ***INSANELY*** short GME. ***Popcorn wasn’t even on their 13f’s***. Interestingly, MapleLane was one of the big short hedgies for BBBY and FIZZ (both of which were in the list of top SI%’s that I showed earlier, and both of which were on the SEC report). But take a goddamn looky who else they both had giga-puts on. + +***EH. EM. SEE. EX.*** + +It turns out, there was another zombie stock on the block besides Blockbuster and Sears. ***The walking dead network was being shorted into oblivion.*** Go back to that Bloomberg picture; ***this ticker had 59% short interest.*** If you look back at the time, they only had \~30 million shares outstanding. + +Now, this part is tinfoil, but I don’t think it’s coincidence that popcorn was quickly chosen as the meme to push. Check out this wayback snap on Eh-Em-See-Ex from November 2020, pretty shortly before the sneeze: + +[Fucking LOL.](https://preview.redd.it/1t5he74l3x591.jpg?width=457&format=pjpg&auto=webp&s=1ee193dce8571b61cb47b9830658482b86a4cc5a) + +No wonder they were “pushing” sticky-floor right off the bat. ***They could not have redditors catch wind of this shit or they were gone.*** + +&#x200B; + +# Part 4: How the Hedge Could Work (It Doesn’t Require Swaps) + +Now, at some point I think it’d be interesting to go even more in depth on this. It might be provable given some Off-Exchange data, or even just looking at options chains. But I’m lazy, and I didn’t want to wait to put this out there. ***I wanted to explain a really obvious, really simple way that GME shorts (or whoever absorbed them) could be playing this game.*** + +Say I’m a market maker. I’ll pick any one at random…Idk…Citadel. + +So as you know, ***I’ve got the magic ability to internalize orders.*** What does that mean exactly? Well, say retail buys a share of GME and it gets routed to me. Instead of going out into an exchange and finding a seller, ***I can just…not***. Instead I can just take on the liability myself and never let the order hit an exchange. If I want to prevent an FTD – maybe I go crack open an ETF and grab one from there to kick the can. + +Additionally, ***due to PFOF, a metric fuck-ton of retail orders just so happen to be routed to me.*** GME hodlers aren’t selling and it’s pissing me off because they keep buying more. Not only that, my hedge fund division (Citadel Advisors) happens to be a little bit short popcorn stock so that’s kind of just bugging me a little. ***What’s a poor market maker to do?*** + +[I've got an idea. Hold my mayo...](https://preview.redd.it/ngj9v6om3x591.jpg?width=225&format=pjpg&auto=webp&s=0e5c11a4825ba37d998cd00e0f32b8bea34ed7c4) + +Hypothetically, say the month is June. I say ***fuck it.*** I have my hedge fund branch go out and buy a bunch of popcorn stock and close any short position it does have. Not only that, ***I have it go long.*** As you can imagine, the stock surges; way more than other “meme stocks.” ***Apes are paying more attention to sticky-floor than ever before.*** So now what? + +***I push the absolute shit out of popcorn.*** I have my bud Charlie Payne push it. I have Cramer shill it a little, even. I buy twitter bots and reddit bots and I and pay influencers to push it all over social media. And I make damn sure that every MSM outlet I have leverage over remembers to lump it in with GME, ***every damn time.*** + +But I go a step further. I need it to be believable; ***it has to keep tracking with other meme stocks.*** This is the fun part. + +So say that we're in the part of the GME cycle where I’m shorting the shit out of GME and pushing it down slowly. ***I internalize GME buy orders*** and I do what I can to prevent FTD’s, since I can’t afford to have it go threshold. Meanwhile, thanks to all my shilling, retail is buying a pretty good amount of popcorn stock too. But I need popcorn to go down while GME goes down, ***so I internalize retail popcorn buy orders***. It’s a win-win – I keep the pair moving together, and it looks super legit because sticky-floor apes even notice how much I’m keeping off the exchanges. + +Eventually, pressure on GME gets to be a bit much. Say that I threshold XRT and cost to borrow is rising. I need to release some pressure to prevent too many GME FTD’s. I go out and I actually buy some GME; let it go on a little run. Meanwhile, all those popcorn buy orders I’d internalized? ***I release them all at once and let them hit the tape***, causing it to run right alongside GME. I can keep this up forever as long as retail is buying both. And meanwhile my hedge fund division is making money on their long position on popcorn, which helps offset any losses on GME shorts. It’s genius. + +&#x200B; + +[SMRT](https://preview.redd.it/1azp5uto3x591.jpg?width=299&format=pjpg&auto=webp&s=543979c24a9d4438d67d0bf989dfb5d7bb9391bd) + +# Conclusion + +If you haven’t already, seriously go read /u/bobsmith808’s post. He’s got lots of numbers and stuff that back this idea up even more. Also, he gave some cred to /u/quiquealpha for some of his stuff so shout-out to him too. + +***I know this post is gonna be controversial.*** But knowing that a popcorn “hedge” is very much possible, I don’t understand why any self-respecting Ape would risk helping the shorts. If you actually look at the SI% on different tickers, it makes a ***TON*** of sense that RC chose BBBY as his next move. I would never give financial advise, but if you were an ape that wanted a cheaper alternative to the one true stonk, why wouldn’t you play it safe and follow his lead? + +I think everyone with critical thinking skills can see that ***Adam Aron is an absolute greaseball.*** How on earth could you justify putting faith in a CEO that has been diluting the float to Timbuktu? Now that RC has bought into BBBY, if you were looking for an in-your-face, cheaper alternative to GME, you’ve got it IMO. Again, not financial advice. + +Last thing. ***SEC released FTD’s today for 2nd half of May.*** You’ve probably already seen that GME had over 700k in one day at the end of the month. Here’s a visualization of a certain 3 tickers that might interest you: + +&#x200B; + +[Note the flattened FTD's on popcorn ever since the June surge.](https://preview.redd.it/iarub3zp3x591.jpg?width=1678&format=pjpg&auto=webp&s=5cc0ae107047d748b51e3bf0b99a2cd99051eb5b) + +&#x200B; + +One of these things is not like the others. ***Time to cut the bullshit - popcorn is for suckers.*** + [https://www.businessinsider.com/trump-administration-eviction-moratorium-renters-2020-9](https://www.businessinsider.com/trump-administration-eviction-moratorium-renters-2020-9) +**The $FCF team has won the Crypto Innovation of the year at the dubai crypto expo! 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The revenue will be sent in the ecosystem like all the other platforms! + +The Dev is always active and always OVERDELIVERS. + +Dev is Doxxed, KYCd and a Certik audited! + +&#x200B; + +Medium: [https://medium.com/@fcf/fcf-pay-january-4th-abd34c2d7ee7](https://medium.com/@fcf/fcf-pay-january-4th-abd34c2d7ee7) + +Telegram: [https://t.me/frenchconnection\_bsc](https://t.me/frenchconnection_bsc) + +Website: [www.frenchconnection.finance](https://www.frenchconnection.finance) + +Payment gateway website : [www.fcfpay.com](https://www.fcfpay.com) + +NFT Website: [www.frenchfellas.com](https://www.frenchfellas.com) + +Contract: 0x4673f018cc6d401aad0402bdbf2abcbf43dd69f3 + +Telegram: [https://t.me/frenchconnection\_bsc](https://t.me/frenchconnection_bsc) +Let me preface this by saying that I'm in a bit of a silly situation. Just curious if others on this sub have done something similar. + +&#x200B; + +Background: + +I'm (mid 30s) currently on a sabbatical. Decided to move to NYC to scratch the itch, having wanted to do so when I was younger and poorer. + +I had no idea the rental market was so competitive with the landlord asking for 2y worth of tax returns, bank statements, references, & etc, & the rentals being taken off within a day. + +&#x200B; + +Issue: + +My net assets range around mid 7fig, and I trade futures and have been for the past few years. I typically keep 80-90% in cash and take positions. I've had some moderate successes but still a very small fish. I feel sketched out on the security/privacy providing the bulk of my net assets to strangers & their intermediaries in the application process + +I plan to show my tax return for 2020 but am still filing my 2021 (I know. super lazy. Hope to finish that soon). I made 700k for 2020 and am currently on track to make $1-2M for 2022, 80-90% of which have been realized & reflected in my 1040ES form. + +What path can I take to avoid showing my entire holdings in my brokerage account? Should I just partition my funds and show a smaller nominal value? + +Thanks +I was in the shower this morning when it suddenly dawned upon me. We are all indirectly buying the same stocks, by default, with no due diligence, no concern for each stock's performance. Millions of people defaulting to roughly identical ETFs, throwing thousands or even millions of their savings at the ETFs, 60% of the value of which is the same 500 largest companies represented in the S&P index. + +We're artificially keeping the market going up and up by injecting money into it without thinking. So when it crashes isn't it likely to crash harder than ever? +It’s getting tiresome of people saying “6% is historically low” as if current rates are okay. It’s about affordability. + +Majority of the population make decisions based on their monthly PITI commitment. It’s ridiculously high right now. When rates were 15%, houses were like 1/10th of current costs. Even when adjusted to inflation it’s insanely cheaper back then. + +So before making this argument next time, empathize a little. Housing prices need some correction to make it atleast affordable as before for a decent number of people. + +Applies to both investment and primary properties. +This probably won’t get anywhere and I don’t care, even if one person sees this, I am proud to be a part of this piece of history with you. I don’t know who you are or where you live or what your living situation is like or why the fuck we haven’t sold for massive tendies yet, but I do know that this isn’t about money anymore. It’s about proving a point. + +Call it an opportunity, call it revenge, or justice, I know we are on the right side of this. I’m proud to be holding next to you fellow brothers and sisters in arms. I will not sell. I will hold until Melvin and Citron and any other fucker who think that they can get away from the inevitable by using dirty tactics and mis-information to de platform us fails at their own game. + +But they fucked up. The mods here got shit cleaned up and fixed in a fuckin amazing amount of time because they’re apart of this too, this community of fucking freedom fighters, stone cold killers, average fucking joes who are staring these hedge fund “eXpErTs” in the face and saying “Stonks only go up” and won’t sell until they bleed them dry. + +It’s an honor to be with you. + +To the fucking Moon. GME 💎👐🚀🚀🚀 + +I’ll see all of y’all on the lunar surface. Drinks on me + +Edit: Spelling because I can’t spell +Hi guys, + +I follow the sub closely & would rather not have this on my normal Reddit account. Earlier last year I made a ton of money trading options, but let greed & hubris get the best of me and ended up losing all of the profits and most of the principle. + +I started with about 10k, got up to almost 300k (mostly in Feb / March) and am back down to maybe 6 grand. Before you ask how, trust me, if it feels like house money you’re going to be a lot more reckless and make bigger bets to chase the next high (I wanted 500k). The real shame of it is that I lost most of it holding calls, but selling out after a few down days. Weak hands.. + + +However, needless to say this has been extremely tough on me. My blood pressure was teetering at stroke levels, I’ve been constantly down & depressed, migraines that don’t seem to leave & of course the mental pain of thinking about what I did. LUCKILY, I didn’t lose the farm so to speak. I have an emergency fund, a 401k and maybe 5k in a side account. No debt either. Everything I won and lost was in a trading account. + +I work at a good company, but don’t make anywhere close to what I had. And even if I made 300k / yr it’s not like I’d have that in an account all at once. I’m having a really hard time coping with it & can’t really talk to anyone in my family because we dont come from money. If they heard my story they’d just call me an idiot for not giving them some money and that would drive me deeper into sadness. I fought with suicidal thoughts in the fall, but am passed that now. Just the daily depression of thinking I’ll never get that opportunity again. I could’ve invested in start ups, built a massive portfolio at cheap prices & been good for life. That chance may have been once in a lifetime and I blew it in my 20s. + +Has anyone else dealt with this kind of situation and if so how did you make it out? I haven’t touched an option or sports bet since, but the lesson of “no more gambling” isn’t going to make this frustration go away. + +Sorry for the rant, I’ve never told anyone this so it feels good to mention here. +Hi PF, + + +Long time lurker, first time poster. Here's a question - whats the best way to argue with a crappy insurance company about something they chose not to cover? + + +My wife just gave birth to a healthy baby 6 weeks ago. During that time we were covered under an ACA Silver plan (I got laid off and had to scramble, I got a new job and now we're under that insurance). This is our 3rd child, and the first 2 were C-sections (both C-sections were unplanned, but the circumstances forced the doctor and my wife to make those decisions ). My wife was able to successfully have a normal delivery this time (VBAC). Now we got the bill from the doctors office and on it is $3,947 for the delivery and insurance is not covering any of that. The note says "PR50: These are non-covered services because this is not deemed a 'medical necessity' by the payer." + + +What did the insurance want my wife to do, hold the baby in?! + + +Any help would be much appreciated. + + +Edit: Here's the codes on the bill - 654.21, 650, V27.0, V22.22 + + +Edit 2: Thank you very much for all of your advice, PF! My wife spoke to the billing person at the doctors office and even they agreed that it's not correct, and the billing person will look into it and get back to us soon. Thank you so much to all the helpful people. +I tend to just work, sleep, eat, and maybe watch a show or two. I do not have the financial nor emotional budget to handle other people (even though I would want a relationship/friendship). How about yourself? +Kids are 5 and 7. I am thinking maybe in a year or two once covid is done and they are a bit more mature to pull them out of school and travel the world for a school year from September to June. But find an age appropriate educational program so they can continue to keep up. They can do projects on all the places we visit. + +Is this a terrible idea or what? Anyone done it? Any recommendations on a virtual school? + +We have a globally distributed family so would incorporate visits and maybe bring the grandparents along for a bit. +Should I sell my arkk for ARKG. With all the hype I’m seeing for the future of ARKG is it work selling my ARKK while I’m up a good bit and allocate it into more ARKG shares? Holding 10-15 years and it seem like this has the most potential +https://www.reddit.com/r/investing/comments/1bbbgh/if_you_were_to_buy_a_stock_today_to_hold_for_20/ + +I saved this thread and looked back to see winners and losers. Some interesting picks here, GOOG, AAPL, along with some "safer" picks. Towards the bottom a few folks suggest TSLA, and at the very bottom, back in 2013, with -3 votes, someone suggests buying Bitcoin! + +So... which stocks are you holding for 9, 10 years? + Details: mid-to-late 30s married couple with two young children, double income, $500k+ gross annual income, $3m+ NW (U.S.) + +Background: came from middle-class families, went to public universities, and took advantage of numerous internships and job opportunities coming out of school with a joint $100k income. Worked really hard for the first 10 years climbing the corporate ladder, to the point where one of us is an exec at a Fortune 500 company and other is upper-middle management at a smaller company. Made a few good real estate decisions over the years. We don't skimp on vacations (pre-covid), cars, etc. We've never really had a budget that we had to follow. However, we don't spend a lot of money otherwise (no expensive clothes, shoes, furniture, etc). If you met us on the street, my partner and I would probably be wearing shorts and a t-shirt. + +Why I feel guilty: We still work hard, but nothing like the early years. We'll work 50 hours a week on average. I think we're good at what we do, but do we really deserve half a million a year? On an average month, we have a positive cash flow of about $15k (after-tax). We don't have to think twice about much of anything, money-wise. Our goal is to retire in about 10 years with an $8m NW. + +I can't talk to anyone about it for obvious reasons...so I'm posting anonymously here instead. Did we really work that much harder than the next person to be able to afford this type of lifestyle? Or are we just lucky? We don't know anyone in real life with a similar financial situation but I figure you're on this board. Would love to hear about your experiences to see how they are similar to mine. +I - literally today - got a credit card. One thing I'm confused about is what percentage of my limit I should be trying spend. My parents always have told me to use roughly a third while others have said half, and even today someone said only 10%. I want to make sure I'm maximizing the usefulness of this card so advice is appreciated, thanks! + +Edit: Thanks for all the tips everyone. I went into this with a severe misunderstanding of how credit cards work and probably would've gone into debt. Definitely will do some more researching but I think I'm on the right track now, so thank you. +I have been studying forex and practicing since august 2020. I have invested my time and loads of money which i save in forex and lost almost all of it by learning on courses and trading on a live account. I stopped trading live and switched to demo. I start to ear profits on 3 trades then lose 10 trades. My mind is tired and I don’t think i can trade forex any more. It’s devastating that you learn and learn and see other’s earning but I’m still at the same position. I love forex and i wanna make a decent living out of it. Break the family chain and become independent. Work for my self. Any advice one what to do?? +Well had already seen a lot of food inflation this year but it's gone absolutely bonkers over the last 2 weeks. Guessing it's because of petrol prices. These are some of the price hikes I noticed this week (compared to receipts from 2-4 weeks ago). + +Lindt dark chocolate $4.5 -> $5 + +Madras curry paste $5.50 -> $6.80 + +500g mushrooms $5 -> $6.50 +Millionaires are indeed made in bear markets. Many must learn what a bear market is or how to benefit from such a vast opportunity. You can become rich during bear markets by following these steps.*First, what is a bear market?* + +* When a market's price declines for a prolonged period. +* Typically accompanied by an economic downturn, such as a recession. +* Pessimism and negative investor sentiment take over. + +*How to invest during a bear market:***1. DCA (dollar cost averaging).**Trying to pick the bottom is a risky endeavor. Instead, continually invest money over time and in roughly equal amounts.**2. Diversify your holdings.**A well-diversified portfolio is critical. It helps to minimize your portfolio's overall losses. Avoid staying exposed to the stock market. Be stabilized to reduce your chances of selling securities at a loss. Shift your portfolio from equities to income-producing investments such as: + +* Dividend-paying stock. +* Bonds. + +**3. Invest in sectors that perform well in recessions.**Consider investing in companies related to things that are necessary for consumers and that we need no matter what. Those sectors tend to perform well during market downturns.**4. Focus on the long-term.**The money you need for short-term goals should be invested in something other than the stock market. In the long term, the bear markets you'll endure will be overshadowed by bull markets.**5. Follow economic indicators.**This will help you to understand where the economy is headed. Keep track of the following: + +* Gross Domestic Product (GDP). +* Employment Rates. +* Industrial Production. +* Consumer Spending. +* Inflation. +* Home Sales. +* Home Building. +* Construction Spending. +* Manufacturing Demand. +* Retail Sales. + +**6. Expand your horizons.**Short selling, put options, and short or inverse ETFs are a few bear market investments that allow investors to profit from market weakness.*This bear market may have damaged your portfolio. Let's discuss common mistakes people make during a bear market and how to avoid them.***1. Pulling out when stocks are low.**Bear markets are temporary. They are a normal part of the market cycle. It may last several months or even years, but eventually, the market will rebound and reach new highs.**2. Timing the market vs. time in the market.**Stay focused on investing for the long term and ride out the market's ups and downs. 95% of financial firms fail to beat the market. Try to be something other than a genius.**3. Not having cash reserves.**You must ensure cash reserves to avoid being forced to sell securities at a loss to meet your living expenses. Have enough cash to cover 6-12 months of expenses. You can always plan.**4. Triggering the wash sale rule.**If you plan on selling securities at a loss to offset income, you must avoid buying a substantially identical stock 30 days before or after. Otherwise, you risk losing your tax deduction for capital losses. Such an effect can heavily impact your taxes.**TLDR** + +* DCA. +* Diversify your holdings. +* Invest in sectors that perform well in recessions. +* Focus on the long-term. +* Expand your horizons. +* Follow economic indicators +* Avoid pulling out when Stocks are low. +* Don't time the market. +* Hold cash reserves. +* Wash sale rule awareness. + +[Main Post](https://twitter.com/jika_io/status/1597611224749182977?s=20&t=oRkySWXoqw6esgMhXgPsSg) +[My posts](https://www.jika.io/u/Abraham%20Milhem//?ref=reddit) +For myself being 23 and of course looking a house purchase over the next 2 to 3 years (as is a fairly standard goal), I am told not to invest money that you'll need in the near future, because if a market downturn happens you could very well delay your house downpayment a few years. + +Is there a real reason that so many younger people with this huge purchase looming are investing/risking so much? + +I found myself coming to the realization during this downturn that it is quite important for those of us that are younger or in a house buying situation to only invest a smaller amount that wouldn't be devastating to lose, so I ended up trimming down a large percentage of my portfolio to sit on the sidelines. I.E I had up to 50% of my cash worth in my investing account, and trimmed that to about 25% + +I understand that "Not all young people need to buy a house" but what is your goal otherwise +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- 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. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + 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! + +Big cheque for Mukesh Ambani? Google reportedly in advanced talks to invest $4 billion in Jio + +https://economictimes.indiatimes.com/tech/internet/big-cheque-for-mukesh-ambani-google-reportedly-in-advanced-talks-to-invest-4-billion-in-jio/articleshow/76957259.cms +My Indian stock portfolio is maintained in Zerodha's demat acc. Today, since last couple of hours it is down. I'm not able to add funds in Zerodha. They have recognized the issue and are "deeply regretting inconvenience caused and working on it". I understand that servers/systems can experience unexpected shutdown. However I've been noticing such issues with Zerodha with increasing frequency and that makes me uncomfortable. My questions to fellow investors is: +1) Are there better services in terms of reliability? +2) Is there any data/stats on the downtime of various platforms so that investors can compare themselves and make informed decisions while choosing a broker? +3) If someone has first hand buying/selling experience on multiple platforms, can you share your experience. Which ones did you like and why? +Thanks. +&nbsp; + +Edit: Thanks guys. Will stick with Zerodha for now. +I have a mother and son who has helped cleaning my house for the past 10 years. + +The son started as a teenager and now he’s an adult. I sense that he’s doing house cleaning to help his mom and whole family (younger siblings) as mom doesn’t speak much English. They are hardworking, don’t take much vacation, and generous too. When I lost my dog, the mom came over and hugged me, crying together. When I gave birth to my son, they gave generous present that is probably at least half of their paycheck. + +Today, I found out that they don’t have enough money to buy Christmas tree. I happened to have extra and gave it to them with extra Christmas bonus (and salary raise). + +I am not sure if it’s too late for him to go to college and his mom probably needs extra help so it’s not feasible. What kind of help that people like me can help to provide upward mobility for someone like him? If I start charity, I would like to help someone closer at home really. +I'm not an economist and would appreciate your thoughts. + +In my view, when software is sold as a product, it is a labor saving device like any other machine. But what makes software different from an orange juicer for instance is that it takes much more money to make another orange juicer off the assembly line than it does take to run off another copy of software. Once the software is written, it's as if you can publish infinite copies of it. Software in its nature is fundamentally different from physical goods in this respect. (And sure it has to be maintained, but one programmer on a computer can update millions of installations with a push of a button. I'd like to see a mechanic do that.) Because there is near infinite supply of software the price should be close to zero, but it's not because of software licenses. Essentially, Windows made software so instrumental that it's as valuable to the world as oxygen, which is to say essential & priceless, and then put a price on it. I know luxury brands intentionally produce less things to make more money on their sales, but it seems absurd to me. Here are machines that are begging to be owned by everyone, and we are artificially closing it off to the world. In fact, coding up all the ways to keep the software to one consumer might take more work than writing the damn software in the first place! + +I just wonder how much of the economy is made out of digital goods that are being marked up for no physical reason, and what economists think about software as new type of good. Thank you for your time. +An affluent middle-aged man rear ended me yesterday. I was stopped at a yield waiting for my opportunity to turn. There isn't a timeline where it wasn't 110% his fault. + +He dicked around with getting me his information. Ended up giving me an invalid insurance card. I don't like getting the police involved- BUT I SHOULD HAVE. He was aggressively begging to not go through insurance. He said my car "isn't worth that much". + +I drove a '95 Ford Explorer I bought for $1500 while I put myself through college. I was embarrassed by that car for 4 years every time I pulled on campus and saw everyone's nice cars in the lot and then there was my absolute shit wagon. In June when I finished my bachelor's degree and started my FT job in my field, I bought myself a 2017 Ford Focus so that I could drive to my new job with dignity. That car is now torn to shit in a body shop for anywhere from 30 days-9 months depending on parts. It "isn't worth that much"- That car was everything to me. + +I drove myself to the ER in shock. Had concussion symptoms within 10 minutes. Was there for over 8 hours. Never got a bed. My "bed" was a chair in the hallway because all of the rooms were full. The ER doc when she finally saw me kept apologizing because even 6 hours later I was still crying from the neck pain. + +I looked him up out of sheer curiosity and saw that he's absolutely loaded. Senior VP investment broker for a commercial real estate firm. + +I have spent all morning shuffling from body shop, rental place, on the phone with police and both insurance companies. Instead of taking the muscle relaxers and resting like I'm supposed to. Worried about my time off work. Telling my husband to stay at work so we're not both fucked missing time. + +I'm exhausted. Half of my stressful morning could have been avoided had I simply told that asshole to stop talking over me and called the police myself. I was trying to be nice. Civil. I spent an hour this morning crying thinking this guy doesn't have valid insurance. + +Don't be civil. Don't be nice. Be smart. What is a minor inconvenience and pennies to this asshole was potentially my entire livelihood and how I get my kids from A to B. +*Hey apes! 😊 Im getting a handful of comments that only really apply if you only read the title. If you care enough to comment please read the whole post first so you don’t assume this is about me trying to force him to do something, leaving just because we don’t agree on something, etc. That’s not what’s happening here. GME really just highlighted the incompatibility issues we already had. I do pretty much have all the advice I need though as I didn’t expect this getting quite as many views or comments. Really appreciate you all :).* + +And no it’s not just because he won’t buy the stock. To me it’s symbolic of not only a lack of not listening to anything I’ve told him over the past 5 months but also a total unwillingness to pick up the phone he’s already on quite often and read something about it. Like it just really gets under my skin in this way I can not describe. + +And before anyone tells me I can’t make him do something he doesn’t want to do and don’t let this ruin my relationships and stuff.. it just feels like this is outlining a lot of differences between us and his lack of trust in what’s right in front of him. Meanwhile he believes anything he reads on Google and wants to eat out every other night and throw money at random shit. + +Recently I’ve started asking why he won’t at least read up on it and so far he sort of just blows the question off all together and chalks it up to nothing more than a gamble. I get that but wouldn’t you at least consider something your SO is so passionate about? + +Edit: I’m probably just never going to bring it up again as someone suggested and take this as a sign of larger differences. Work on my exit plan.. for this relationship. 🥺 + +2nd edit: Hey thanks to everyone for your responses. I am reading each one and I really appreciate the clarity. And to those of you who pointed out respecting him and his wishes not to be involved in it, I know you’re right on about that too. Like I said I think this just brought a couple other things to the surface that I think I already knew in my gut. Not sure why I ran to Reddit to talk about it other than to get some feedback (and I’m a little embarrassed for doing so tbh) but I do appreciate it all. + +Btw we live together but no conjoining of finances. Not that serious, about a year. I think I know what I need to do here - we each deserve more like minded partners probably. Thanks again. + +Last edit: You people never cease to amaze me with your kindness. Still reading all these. Thank you. Ape strong and I’ll seeya on the 🌝. +[https://www.cnbc.com/2019/02/14/amazon-says-it-will-not-build-a-headquarters-in-new-york-after-mounting-opposition-reuters-reports.html](https://www.cnbc.com/2019/02/14/amazon-says-it-will-not-build-a-headquarters-in-new-york-after-mounting-opposition-reuters-reports.html) +We're all aware of most of the discussions around index funds. Most people know all the song and dance around TER, tracking errors etc. In fact, people are tired debating about UTI index funds. + +But that's mostly in Nifty 50 / Nifty 100 space. + +Interesting things have been happening in the small-cap space as well, over last 1 year. + +--- + +In small-cap space, breakout winner for last one year, has been Quant Small-cap fund. If you check VRO today, it's got a **197%** (not a typo, it's 197% indeed) 1-year return. In last 1 year, its NAV has nearly tripled. + +Other small-cap funds have done well too. + +But you know what else has done well? Small-cap index funds! In fact, better than a whole lot of popular active small-cap funds. + +[A comparison of last 1 year movement](https://i.imgur.com/at14Zqt.png), across small-cap funds. The top blue line is Quant small-cap fund; and the one right below that is the index. Every fund is below that line. + +--- + +Investor returns are different from asset returns; hence instead of looking at point to point returns, we decided to simulate 1Y SIP in each of these funds: + +[And here's the result of a 1Y SIP in each of these small-cap funds, starting from 23rd March 2020, 10k / month](https://i.imgur.com/b9AFi9Q.png). + +Notice how most funds (ignore Quant small-cap fund, it's an outlier) underperforms the index fund. Especially, Axis small-cap, which had best performance just a year ago. + +--- + +Things are so bad right now, three AMCs have launched index funds - Motilal Oswal, Nippon India, Aditya Birla. + +Last two names are interesting, because these AMCs offer **both active small-cap funds, and index funds in small-cap segment**. + +--- + +**What could be the reason?** + +We can speculate, but one guess can be AUM. Axis, HDFC, SBI, Nippon, ICICI Pru etc. have more than 4k-5k Cr. in AUM in their respective small-cap space. Given how illiquid these stocks are, can be a reason for fund manager to have to load up on large-caps, or not being able to execute trades at desired volumes. + +Quant small-cap has an AUM of 135 Cr. as in Feb; orders of magnitude smaller than other popular small-cap funds. + +When a fund gets popular in small-cap space, it posts outsized returns. After 2017 bull run, people wanted SBI Small Cap, and as it was not taking new investments back then (AUM was 792 Cr., and it had blocked registering new SIP in 2015), L&T Emerging Business fund started to look attractive. + +Once SN Lahiri left the L&T AMC, investors were disappointed. + +In other words, Quant small-cap would see huge inflow in coming 2-3 years. Who wants to miss out on 200% returns! + +No takers for small-cap index funds, so these would continue to operate with lower AUMs for the foreseeable future. + +--- + +**This is just one year of data, this proves nothing, equity needs longer horizon** + +People asking this have an academic mindset, they'd be happy with mathy derivations, graphs etc. They'd rather wait for 20 years, for data to emerge with clear pattern, before making any decision. + +But being late is same as being wrong. + +A clear trend is emerging in this space, that as more investors get into market, easier access to information is unlocked, index funds are going to be harder to beat. Even the AMCs, who've access to actual transaction data of investors, acknowledge this through their actions. + +If I simulate 10Y / 15Y / 20Y of transaction data, Franklin Bluechip or HDFC Top 100 would handily beat most index-based portfolios. Is that a good enough reason to invest in these two funds today? If not, how does considering longer time frame help? + +It'd be akin to driving a car looking only at the rear-view mirror. + +For context, [this comment](https://i.imgur.com/aTffYiY.png) by one of our [Discord](https://discord.gg/hqBNg4u) members prompted this post. In his own words: + +> I expected corona crash would give active fund managers good chance for bottom fishing and grab quality stocks. I was re-balancing during corona crash, and i was divided between index and active-funds. My theory was like: FIIs sold and went out, quality stocks must be cheap for active fund managers to pick-up and provide good returns. + +--- + +**TL;DR**: + +Next time someone asks for a fund recommendation in small-cap space, consider telling them to also look into index funds in this space. These funds might just surprise you! +>The move to get displaced workers back to their jobs slowed sharply in July, with private payrolls increasing by just 167,000, ADP reported Wednesday. + +>That total was well below the 1 million expected from economists surveyed by Dow Jones and represented a tumble from the 4.314 million created in June, according to the report, which is prepared in conjunction with Moody’s Analytics. + +https://www.cnbc.com/2020/08/05/adp-private-payroll-growth-at-167000-in-july-well-below-expectations.html + +Markets are still powering ahead and not even flinching. Do you guys think this will have any effect? +Indian bonds have declined in tandem with a slide in the rupee. The currency is now hovering close to a record low against the dollar as elevated commodity prices stoke inflation and boost the subsidy bill. The options market is pricing in a 64% chance that the rupee will weaken to 82 per greenback in the next six months from around 79.6 now. + +&#x200B; + +To make matters worse, yields are already facing upward pressure as the government seeks to sell a record 14.3 trillion rupees ($180 billion) of bonds. + +&#x200B; + +[https://economictimes.indiatimes.com/markets/bonds/indian-bonds-will-suffer-most-in-asia-in-a-us-recession-scenario/articleshow/92868083.cms](https://economictimes.indiatimes.com/markets/bonds/indian-bonds-will-suffer-most-in-asia-in-a-us-recession-scenario/articleshow/92868083.cms) +**WARNING - THIS POST IS FUCKING LONG. LIKE, REALLY FUCKING LONG....** + +&#x200B; + +&#x200B; + +So, recently there have been a quite few comments about ''*what does this comment/reference mean*'', '*'can we do a Top 20 moments*'', ''*what did I miss etc*...'' + +We also have a shit ton of noobs who probably missed a whole bunch, so hopefully this gives you some perspective. + +&#x200B; + +This post started as a series of links to different stuff, but has gradually morphed into something a-lot more in-depth as inevitably more and more was remembered. + +Apparently the repression therapy doesn't work.... + +&#x200B; + +No doubt, folks will remember things that have been forgotten here, apologies if your favorite moment was missed. + +Put it in the comments... + +&#x200B; + +u/HussySmurf did a [Video version](https://www.reddit.com/r/ASX_Bets/comments/kpvwoq/asx_bets_rewind_2020_edition_a_recap_of_our/?utm_source=share&utm_medium=web2x&context=3) a while ago, but to be honest so much happens here its hard to catalogue it all... + +&#x200B; + +We have been on quite the journey, loosely chronicled below, sometimes its good to reflect on that. + +&#x200B; + +&#x200B; + +**EPIC MOMENTS IN THE EVOLUTION OF THE SUB** + +&#x200B; + +*It's a challenging task, but I'll try and keep these in a loose order of how they came about, time-line wise.* + +&#x200B; + +**- THE BIRTH OF A LEGEND** + +&#x200B; + +Anyone who has been around a few minutes has either seen or heard of u/plucky26. + +He played the Villain in the [Butt-Apocalypse](https://www.reddit.com/r/ASX_Bets/comments/mhg92x/we_deny_any_rumours_that_we_are_being_taken_over/?utm_source=share&utm_medium=web2x&context=3) (which we will cover in due course) but the legend was created the night he went off meds, known in infamy as [the long night of anal polling](https://www.reddit.com/r/ASX_Bets/comments/hg30o5/plucky26_is_now_banned_for_5_days_for_too_much/?utm_source=share&utm_medium=web2x&context=3). + +This was one of the first times the sub went crazy with posts and shit flinging comments, an ominous sign of things to come. + +&#x200B; + +He is the owner/operator of r/ASX_banned, where banished souls go to lurk. + +&#x200B; + +&#x200B; + +**- THE ''DO STONKS ONLY LAST A DAY'' DEBACLE** + +&#x200B; + +\- u/aweluth became a sub legend and created a legacy that lasted for quite some time, with this seemingly innocuous post on [whether their stocks expire or not](https://www.reddit.com/r/ASX_Bets/comments/inyquu/noob_question_plz_dont_flame_me/?utm_source=share&utm_medium=web2x&context=3). + +Slowly folks had begun lurking in the sub, numbers where trickling up and posts like this were blown up quickly. + +From memory, I only recently saw a comment in the daily referencing this post, so the early members are still out there... + +&#x200B; + +&#x200B; + + **- OUR FIRST GROUP PROJECT: THE TINDER KOALA** + +&#x200B; + +Back in the early days, when we were still establishing ourselves as degenerate hidey hole on reddit, some long forgotten autismo thought it might be fun to do a group project, to bring us all together. + +The project coincided with the first Lock-Downs in Victoria, so when [Project Tinder Koala](https://www.reddit.com/r/ASX_Bets/comments/i4msk9/keep_victoria_sexy_update_4_pics_below_swipe/?utm_source=share&utm_medium=web2x&context=3) was created, we named the campaign [Keep Victoria Sexy](https://www.reddit.com/r/ASX_Bets/comments/i3eshc/asx_bets_keep_victoria_sexy_tinder_campaign/?utm_source=share&utm_medium=web2x&context=3) to ensure our Eastern folk felt the love. + +&#x200B; + +At least some version of it anyway... + +&#x200B; + +&#x200B; + +**- BRN-AGEDDON, THE FERNAL CONNECTION AND THE RISE AND FALL OF MELVIN BUTTERS** + +&#x200B; + +\- The sequence of Events that became known as [BRN-AGEDDON](https://www.reddit.com/r/ASX_Bets/comments/isjlky/the_banpocalypsebrnpocalypse_has_been_averted/?utm_source=share&utm_medium=web2x&context=3) is one of the defining passages in r/ASX_Bets history. + +&#x200B; + +***Part 1***: The hype, the claims, the passionate debates. + +**Melvin** arose as the High Priest of **BRN**, although he wasn't the first shiller. + +&#x200B; + +u/Epicliberalman69 leaked [The new BRN presentation video](https://www.reddit.com/r/ASX_Bets/comments/ju0ovd/brainchips_fancy_new_presentation_leaked/?utm_source=share&utm_medium=web2x&context=3) and suddenly the place was a riot. + +&#x200B; + + Ultimately, it all peaked in the [EPIC BET](https://www.reddit.com/r/ASX_Bets/comments/ir9fzf/predictions_for_brainchip_monday/g4wygiq?utm_source=share&utm_medium=web2x&context=3) that pitted many long times users against each other. + +&#x200B; + +Immortalized by u/HussySmurf in the [Ban extraction Video](https://www.reddit.com/r/ASX_Bets/comments/isfdif/ladies_and_gentlemen_you_got_em/?utm_source=share&utm_medium=web2x&context=3), the saga became a defining moment on the sub. + +&#x200B; + +Then, came the crash. **BRN** tanked and the [hunt for Melvin began](https://www.reddit.com/r/ASX_Bets/comments/iqjosl/so_the_retardled_manhunt_for_umelvin_butters/?utm_source=share&utm_medium=web2x&context=3).... + +&#x200B; + +&#x200B; + +***Part 2:*** The cumulative ending of the **BRN** chapter was the [Banning of Melvin Butters](https://www.reddit.com/r/ASX_Bets/comments/j3snfk/today_for_crimes_against_rasx_bets_melvin_butters/?utm_source=share&utm_medium=web2x&context=3). + +Again, we utilized the video editing skills of shit poster extraordinaire u/HussySmurf to create the masterpiece and a fitting end to the legacy. + +&#x200B; + +This video also highlights an important footnote, the [Origin of the GREEK](https://www.reddit.com/r/ASX_Bets/comments/iq0amg/nasa_has_purchased_brainchip_software_rofl/?utm_source=share&utm_medium=web2x&context=3) **TLDR**. + +&#x200B; + +&#x200B; + +**- RULE 9** + +&#x200B; + +**Rule 9** came into play after we went through a series of comments that genuinely gave the **Mods** a few things to think about. + +It inspired an **Auto-Mod** upgrade to list various links and phone numbers for folks in genuine distress, it helped keep the **Mods** active in the threads to see what was going down and it generally fostered a better vibe around the place. + +&#x200B; + +We like to keep it light hearted, but we know that shit does get real. I love that you're all so combative, but one of the things I genuinely appreciate about this place is that: + +&#x200B; + +**A:** People feel like they can post about struggling and + + + +**B:** You Tards actually care about each other. + +&#x200B; + +&#x200B; + +**- THE** **BNPL DEVOTEES**. + +&#x200B; + +Honestly, the pure volume of **APT**, **Z1P** and other **BNPL** posting has been truly off the scale during the periods of hype. + +&#x200B; + +Don't believe me, enter any of them into the search bar. What you will find is about 30% of them, we deleted the other 70%..... + +&#x200B; + +The moments were captured, fittingly, by u/HussySmurf in the now legendary [BNPL VS BOOMERS video](https://www.reddit.com/r/ASX_Bets/comments/inyfjh/dont_let_some_boomer_snap_half_your_tendies_out/?utm_source=share&utm_medium=web2x&context=3) and u/BenevolentBull in the [BNPL Epic Red Day post](https://www.reddit.com/r/ASX_Bets/comments/hqxdpk/barnseys_bnpl_market_updates/?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + +**BNPL** however, changed the way we moderated and organized the sub. + +&#x200B; + + We developed the **MEGATHREADS** as a result of [BNPL](https://www.reddit.com/r/ASX_Bets/comments/lksnbz/buy_now_pay_later_megathread/?utm_source=share&utm_medium=web2x&context=3), [BRN](https://www.reddit.com/r/ASX_Bets/comments/is5opl/brainchip_brn_megathread_sep_14th_2020_ban_day/?utm_source=share&utm_medium=web2x&context=3), the [US ELECTIONS](https://www.reddit.com/r/ASX_Bets/comments/jmx9zv/us_election_megathread/?utm_source=share&utm_medium=web2x&context=3) and a few others that I've forgotten... + +&#x200B; + +&#x200B; + +**- THE ULTIMATE AUTISTIC YOLO** + +&#x200B; + +Still the highest voted post of all time, u/DanTheManTheMate and the [Accidental Z1P](https://www.reddit.com/r/ASX_Bets/comments/j6l1sa/hi_im_retarded_and_bought_5000_units_of_z1p/?utm_source=share&utm_medium=web2x&context=3) **YOLO** was a sparkling moment of degeneracy in this den of the same. + +Multiple shit-posts were created in homage to the moment and Autists all over the country collectively held their breath to see whether **Z1P** would open green or red the next day. + +&#x200B; + +Thankfully, it was a 2% bump to the Green on open, allowing Dan to escape with a tidy profit from his inability to read a buy order screen. + +&#x200B; + +Oh, and he [found his cat too](https://www.reddit.com/r/ASX_Bets/comments/j8db4d/my_cat_came_back_after_my_rocket_zh1p_ride/?utm_source=share&utm_medium=web2x&context=3).... + +&#x200B; + +&#x200B; + +**- FUCKING FISH GUTS AND FUCKING BATTERY DAY** + +&#x200B; + +I'm not super keen on reliving [Fish Guts](https://www.reddit.com/r/ASX_Bets/comments/i53hgs/fish_guts_trading_halt/?utm_source=share&utm_medium=web2x&context=3) or [Battery Day](https://www.reddit.com/r/ASX_Bets/comments/ivwek8/what_will_happen_on_battery_day_22nd_september/?utm_source=share&utm_medium=web2x&context=3), but it was an important part of history here regarding how hype and **FOMO** can take over. + +We got a [Crab Dance](https://www.reddit.com/r/ASX_Bets/comments/idkgas/when_nzs_is_set_to_open_0002_higher_than/?utm_source=share&utm_medium=web2x&context=3) out of it though... + +&#x200B; + +If you type **NZS** or **NVX** into the search bar, you'll see a representative sample of what we allowed through. The volume of fish guts and battery day post's **Mods** deleted was massive, again creating the opportunity for us to re-engineer the way we moderated r/ASX_Bets. + +&#x200B; + +By this stage, we were beginning to get noticed outside of the Sub-Reddit, deleting redundant shit became an important factor in regard to the type of content we were letting out into the place. + +&#x200B; + +We redefined some of the Rules you see on the side bar during this phase. + +&#x200B; + +&#x200B; + +**- THE DADDY FUCKER.** + +&#x200B; + +u/ItIsYeGiraffe became legend on the sub with an [Idle Comment](https://www.reddit.com/r/ASX_Bets/comments/k8tl4t/only_a_few_weeks_until_this_guy_fucks_his_own_dad/?utm_source=share&utm_medium=web2x&context=3) that for a time became the most quoted bet in the daily threads. + +Disappearing into the netherworld of the banned after (mercifully) failing to come through, the user lives on every time you see a reference to the bet pop up as a reminder of the madness created by a throw-away comment. + +&#x200B; + +&#x200B; + +**- THE NEWBIE MEGATHREAD** + +&#x200B; + +The [Noob Mega](https://www.reddit.com/r/ASX_Bets/comments/l96nkn/newbie_megathread_automoderator_exempt/?utm_source=share&utm_medium=web2x&context=3) Thread was a chance for all our newer degenerates to ask questions without fear of being shut down by **Auto-Mod**. Its always a balance here, between to much and not quite enough. + +The concept behind this thread was to centralize the continual rush of the same questions. Inevitably, as all threads do, this one has been lost to time however it is something we are able to do periodically if required. + +&#x200B; + +&#x200B; + +**- THE SURVEY POST** + +&#x200B; + +\- The Survey Post became like a plague on the sub. + +After deleting multiple version of the same shit-post for weeks, **Mods** put up a [Survey post throw down](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_source=share&utm_medium=web2x&context=3) resulting in a change to the daily threads and exponential ban length tests. + +Ultimately, most of the severe bans were forgiven in the [1 year Birthday celebrations](https://www.reddit.com/r/ASX_Bets/comments/m4vmww/happy_1_year_rasx_bets_in_celebration_of_this/?utm_source=share&utm_medium=web2x&context=3) but these again re-shaped the sub and the way we approached moderation. + +&#x200B; + +&#x200B; + +**- WHY DO YOU ALWAYS TALK ABOUT DLC?** + +&#x200B; + +**DLC.** + +**Delecta LTD.** + +&#x200B; + +'' *DLC's Principal Activity is the mining exploration and evaluation, wholesale distribution of adult products.* '' + +&#x200B; + +**DLC** is the default response to the 'what should I buy question.' I mean, they do mining and Dildo's, so its the most pleasant way we can tell people to go and get fucked. + +It originated in a comment in the daily, grew from there. It's been a **MeMe**, its even had a [DD of sorts](https://www.reddit.com/r/ASX_Bets/comments/lvw4ws/delecta_ltd_dlcasx_the_bull_case_and_why_im_not/?utm_source=share&utm_medium=web2x&context=3) written by u/StinkyFatwhale. + +&#x200B; + +*Legend has it someone was able to action an algo to buy a large volume of* ***DLC*** *via the scrapped data from comments on tickers.....* + +&#x200B; + +Sporadically, we get a-lot of 'what should I buy' posts, although they are almost always in various disguises. Either a friend is asking, or you have funds to **YOLO** and need ideas, or you want to hypothetically ask everyone blah blah blah...... + +&#x200B; + +We have **Rule 5** for a reason, so you'll see the default **Mod** comment about '' *delete your post* ***OR*** *proof of buying the highest voted stonk*'' + +&#x200B; + +Inevitably, someone comments **DLC** and it tends to unravel from there.... + +&#x200B; + +&#x200B; + +**- WALL STREET BETS, GME AND A DIVISION OF SORTS** + +&#x200B; + +I'm not going to rehash the [GME SAGA](https://www.reddit.com/r/ASX_Bets/comments/l2hd8f/rwallstreetbets_goes_dark_megathread/?utm_source=share&utm_medium=web2x&context=3) again here, but our membership did spike on r/ASX_Bets during this time. + +Up until this point, we had a marginally looser tolerance policy on posts not related to the **ASX**. + +After watching what r/wallstreetbets turned into post **GME**, we collectively decided that this was not the direction we wanted to take, being drowned out by one particular ticker or event. + +&#x200B; + +An important distinction to note here is that the **Mods** all agreed the exposure and subsequent flogging of a company exploiting the shorting game was a good thing, but the reality is that **WSB** sub-reddit became virtually un-readable afterwards. + +&#x200B; + +It also exposed us as a group to a lot more Media contact and exposure, detailed below. + +&#x200B; + +&#x200B; + +**- THE SCAM DREAM** + +&#x200B; + +This is one of my favorites. A lost member of Nepal Street bets wandered in and well, the rest is [History.](https://www.reddit.com/r/ASX_Bets/comments/mqq6ok/new_flair_is_not_it_scam_dream_for_suspected/?utm_source=share&utm_medium=web2x&context=3) + +Never before has a user become legend so fast, we adopted a new Flair because of it etc... + +Read the link, it explains it all better than I can redo here... + +&#x200B; + +&#x200B; + +**- THE BUTT-APOCALYPSE/APRIL FOOLS DAY SHOW** + +&#x200B; + +The shenanigans began with [The semi retirement of Burn](https://www.reddit.com/r/ASX_Bets/comments/mh6lff/announcing_my_semi_retirement_and_welcome_to_new/?utm_source=share&utm_medium=web2x&context=3) and the installation of the Unholy one, **Plucky** as a moderator. + +An alliance with r/AusFinance was touted, **Ruin** shut it down, **Auto-mod** became self aware, the robot uprising was upon us, shit went down. + +&#x200B; + +Attention then moved onto all the **Mods** ([Burn](https://www.reddit.com/r/ASX_Bets/comments/mhcktw/this_post_has_been_deleted_nine_times_why_are_so/?utm_source=share&utm_medium=web2x&context=3), [Ruin](https://www.reddit.com/r/ASX_Bets/comments/mhcgar/why_so_many_shorters_on_my_stock_shtiasx_we_must/?utm_source=share&utm_medium=web2x&context=3), [Phantom](https://www.reddit.com/r/ASX_Bets/comments/mhca2k/cgt_question_please_help/?utm_source=share&utm_medium=web2x&context=3), [Taken](https://www.reddit.com/r/ASX_Bets/comments/mhcikx/anyone_else_having_this_issue_with_commsex/?utm_source=share&utm_medium=web2x&context=3), [mcfucking](https://www.reddit.com/r/ASX_Bets/comments/mhch0y/free_money/?utm_source=share&utm_medium=web2x&context=3)) getting hunted down by **Auto-Mod** and then banned by **Plucky**. + +**Ruin** created a Government in Exile, **Burn** went on a post apocalyptic adventure to find the **Mods** and re-claim the kingdom, bumping into a few sub favorites along the way. + +([part 1](https://www.reddit.com/r/ASX_Bets/comments/mhk46t/buttpocalypse_mod_log_1_reddit_date_142021/?utm_source=share&utm_medium=web2x&context=3), [part 2](https://www.reddit.com/r/ASX_Bets/comments/mhli0p/buttpocalypse_mod_log_2_reddit_date_142021/?utm_source=share&utm_medium=web2x&context=3), [part 3](https://www.reddit.com/r/ASX_Bets/comments/mhmu2j/buttpocalypse_mod_log_3_reddit_date_142021/?utm_source=share&utm_medium=web2x&context=3), [part 4](https://www.reddit.com/r/ASX_Bets/comments/mhnhlg/buttpocalypse_mod_log_4_reddit_date_142021/?utm_source=share&utm_medium=web2x&context=3), [part 5](https://www.reddit.com/r/ASX_Bets/comments/mho0uu/final_buttpocalypse_mod_log_5_reddit_date_142021/?utm_source=share&utm_medium=web2x&context=3)) + +&#x200B; + +in the end, harmony was restored to the Galaxy and hopefully you all had a fun day... + +&#x200B; + +&#x200B; + +We enjoy having a unique sub here, things like the Butt-Apoc and the Comps below do take effort to create, but the reward is the community we all get to enjoy. + +&#x200B; + +&#x200B; + +&#x200B; + +**SHITPOSTS** + +&#x200B; + +Above all, we love a quality Shit-post. Below you'll find a collection of r/ASX_Bets finest entries. Apologies to all the ones I missed, these are mainly Video posts with a few exceptions... + +&#x200B; + +\- Kicking off, it's only fitting that you all watch, or re-watch, the [Introduction to ASX\_Bets](https://www.reddit.com/r/ASX_Bets/comments/ja4b9w/helpful_guide_for_new_members_happy_20k/?utm_source=share&utm_medium=web2x&context=3) Video, created by u/ItsMeElliot. + + Really sets the scene for the remainder of this shit-post section. + +&#x200B; + +\- After reviewing the above, lets go back in time, back to near the beginning of the sub When Bears and **BBUS** ruled, u/Zeimzyy created this [Video Masterpiece](https://www.reddit.com/r/ASX_Bets/comments/fvqaej/already_priced_in/?utm_source=share&utm_medium=web2x&context=3). + +When you appreciate the video shit-posting, remember this was the video that created the legacy. + +&#x200B; + +\- The defining of the [Autistic Investor](https://www.reddit.com/r/ASX_Bets/comments/km1toi/thanks_mum/?utm_source=share&utm_medium=web2x&context=3) by u/nsjmas. + + Ironically, it was reported as targeted harassment... + +&#x200B; + +\- Those wondering where the [Bears have gone](https://www.reddit.com/r/ASX_Bets/comments/mjiajo/the_bears_of_the_sub_have_been_underrepresented/?utm_source=share&utm_medium=web2x&context=3), u/bigcrococtopus made y'all a little something... + +&#x200B; + +\- Blast from the past, u/Melvin_butters gave us the truly sublime [The more you lose, The less you lose](https://www.reddit.com/r/ASX_Bets/comments/itkvaz/the_more_you_lose_the_less_you_lose/?utm_source=share&utm_medium=web2x&context=3) post that has endured, proving conclusively that he defeated us all with pure logic. + +&#x200B; + +\- Who can forget the sage advice of u/Dark_Raiden_ when detailing how to [Run an ASX - Listed Company](https://www.reddit.com/r/ASX_Bets/comments/lgmba7/if_one_of_us_retards_were_running_an_asx_listed/?utm_source=share&utm_medium=web2x&context=3), or the depiction of [Fun with Stonks](https://www.reddit.com/r/ASX_Bets/comments/m1mze2/a_bit_of_fun_they_said/?utm_source=share&utm_medium=web2x&context=3) submitted by u/StylishsAcc + +&#x200B; + +\- u/Ronnyvar outlined the [Future of Z1P](https://www.reddit.com/r/ASX_Bets/comments/hsox3o/future_of_zip_explained/?utm_source=share&utm_medium=web2x&context=3) in this shit-post epic. + +u/HussySmurf provided us with an [Alternative future for Z1P](https://www.reddit.com/r/ASX_Bets/comments/k8661l/zzzzzzzzzzzzzzz1p_went_from_chippy_zippy_into_a/?utm_source=share&utm_medium=web2x&context=3), interesting to note which future is becoming more real... + +&#x200B; + +\- u/HussySmurf gave us all the [Autists Explained](https://www.reddit.com/r/ASX_Bets/comments/mv1jsh/autists_ᵗᵒᵍᵉᵗʰᵉʳ_ˢᵗʳᵒⁿᵍ/?utm_source=share&utm_medium=web2x&context=3) Video version to clear up any misunderstandings over what our purpose is here. + +&#x200B; + +\- u/ken_oath_cunce provided a little walk [down memory lane](https://www.reddit.com/r/ASX_Bets/comments/myk7by/thanks_rasx_bets_for_12_months_of_stonk_tips/?utm_source=share&utm_medium=web2x&context=3), with a look back at some of the **MeMe** Stonks so far... + +&#x200B; + +\- u/reckless_rex ensured that [88E would be forever remembered](https://www.reddit.com/r/ASX_Bets/comments/mme88p/hitler_gets_the_drill_results_for_88e_stock/?utm_source=share&utm_medium=web2x&context=3) by all, not just those who lost thousands.... + +&#x200B; + +\- u/BabyGotBackAche gave us [This one.](https://www.reddit.com/r/ASX_Bets/comments/mbas2w/when_a_penny_rockets_but_youre_still_bagholding/?utm_source=share&utm_medium=web2x&context=3) + +Be honest gang, you've all been there.... + +&#x200B; + +\- u/Dark_Raiden_ comes in with another mention, this time for an explanatory video [On How to T+2](https://www.reddit.com/r/ASX_Bets/comments/n9ohcs/hitlers_t2_disaster/?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + +\- u/JDK-Ruler provided us with a reminder of the [Dangers of speculative investing](https://www.reddit.com/r/ASX_Bets/comments/mrt1ox/a_little_something_i_made_for_the_worst_stock_ive/?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + +\- No Shit-posting recap would be complete without a massive shout out to u/BigJimBeef. + +Singlehandedly keeping the sub afloat during the early months with shit-posts a plenty, I'm only going to link [This one](https://www.reddit.com/r/ASX_Bets/comments/mflga4/this_is_one_of_the_greatest_things_i_have_ever/?utm_source=share&utm_medium=web2x&context=3) as a personal favorite but there have been many, many more moments of hilarity from our resident Tasmanian. + +&#x200B; + +&#x200B; + +**BETS THAT CAME THROUGH** + +&#x200B; + +\- u/oz66mate and the [dubious shit clapping](https://www.reddit.com/r/ASX_Bets/comments/ipbpn3/baked_up_a_brown_creamer/?utm_source=share&utm_medium=web2x&context=3) + + + +**-** u/mechengguy93 and [eating his hat](https://www.reddit.com/r/ASX_Bets/comments/iv47fk/autist_eats_hat/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/FameLuck and the [triple shoey](https://www.reddit.com/r/ASX_Bets/comments/n5gae8/shitty_meme_inspired_by_the_milk_shoey/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/tuzymandias and the [Jizzy boy](https://www.reddit.com/r/ASX_Bets/comments/lf94gp/alright_you_sick_fucks/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/T3MUR and the Pube drinking + +&#x200B; + +\- u/WistfulWhiskers and the original [Shoey bet](https://www.reddit.com/r/ASX_Bets/comments/n3qql8/tepid_foot_milk/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- Not technically a bet, but this was the most relevant place I could put the infamous [Cum Ritual](https://www.reddit.com/r/ASX_Bets/comments/kwvrxf/my_new_hero/?utm_source=share&utm_medium=web2x&context=3). + +The backstory is that a sub darling, **AVA**, had been lagging in some results and the **SP** was feeling the affects. + +u/ImHiFunctioning commented in the daily that they would perform *'the ritual'* and literally the next day **AVA** went up **30%.** + +&#x200B; + +There are a shitload more, you'd think that doing the Bans/Bets updates I would know what they are but if I've missed any that you have chuck them in the comments... + + + +&#x200B; + +**THE COMPETITIONS** + +&#x200B; + +The comps are something all the **Mods** agree adds a certain flavor to r/ASX_Bets. Initially, the Purge's began at 10,000 members and we have tried to move the scope of them through different perspectives, so it isn't just the same old shit. + +&#x200B; + +[THE PURGE](https://www.reddit.com/r/ASX_Bets/comments/hkg3bb/10k_members_we_now_begin_the_purge/?utm_source=share&utm_medium=web2x&context=3) Version 1 began as a straight up ticker/gains comp, ending with a [Blood Sacrifice](https://www.reddit.com/r/ASX_Bets/comments/hpaps9/the_purge_is_complete_time_for_a_human_sacrifice/?utm_source=share&utm_medium=web2x&context=3) to Tom. + +&#x200B; + +[THE PURGE 2 - DERIVATIVE BOOGALOO](https://www.reddit.com/r/ASX_Bets/comments/jkr1rz/derivapurgemass_aka_the_purge_2_derivative/?utm_source=share&utm_medium=web2x&context=3) saw the game shift up a gear into Options based trading. + +&#x200B; + +Our 6 month celebration coincided with the [SALTY TOPPINGS](https://www.reddit.com/r/ASX_Bets/comments/iv4d0v/asx_bets_6_month_old_celebration_begin_the_salty/?utm_source=share&utm_medium=web2x&context=3) competition, which pitted various sub members against each other in an epic ''*1 day stonk off*''. + +The [FIGHT CARD](https://www.reddit.com/r/ASX_Bets/comments/iwzuv6/salty_toppings_fight_cards/?utm_source=share&utm_medium=web2x&context=3) was drawn up, each combatant calling out the other in the initial competition thread. Real $$ were on the line, as a Market buy order was required for proof. + +[IN THE AFTERMATH](https://www.reddit.com/r/ASX_Bets/comments/izidkw/salty_toppings_the_aftermath/?utm_source=share&utm_medium=web2x&context=3), the winners decided to donate all their gains to charity, kicking off a theme of giving back that has flowed through the sub ever since. + +&#x200B; + +Will we have more competitions in the future? + +Absolutely. + +&#x200B; + +&#x200B; + +**THE CONTROVERSIAL** + +&#x200B; + +No sub-reddit that boasts of its degenerate nature as loudly as we do would be complete without its fair share of controversy and fuck me, we have had some controversy. + +Below is but a sampling of the stuff that has dredged up some divided views and some sub-altering legacies. + +&#x200B; + +\- The Next Investors [Next Link, Missing Link](https://www.reddit.com/r/ASX_Bets/comments/mrwmvg/the_missing_link_of_next_investors_why_you_should/?utm_source=share&utm_medium=web2x&context=3) write ups. I'm not going to make comment on it, suffice it to say that is was some pretty wild research... + +&#x200B; + +\- Making the [The Age](https://www.reddit.com/r/ASX_Bets/comments/lt8466/asx_bets_full_page_in_the_age/?utm_source=share&utm_medium=web2x&context=3), a full page add no less. There are a-lot more media articles folks have posted over the time, but I can't find them all and this post is already getting fucking long.. + +&#x200B; + +\- The saga that was [Pickle-Gate.](https://www.reddit.com/r/ASX_Bets/comments/lhhvuo/killing_pump_and_dumps_targeting_rasx_bets_for/?utm_source=share&utm_medium=web2x&context=3) + +Again, I've no desire to re-hash this, but reality is it was a defining moment here and to step out on a limb, I'll definitely say the work put in behind the scenes and the way your **Mod** team handled this really illustrated how committed we all are to keeping our shit tight. + +&#x200B; + +\- The [ASIC INTERVIEW](https://www.reddit.com/r/ASX_Bets/comments/mb3bfq/the_fuzz_are_here_asic_and_rasx_bets_q_and_a/?utm_source=share&utm_medium=web2x&context=3) was another defining moment for us. + +By now, these things had worked their way into our day to day reality of running this place. + +&#x200B; + +\- The [Director Crims Paradise](https://www.reddit.com/r/ASX_Bets/comments/lp8czt/the_director_crims_paradise_laws_and_the_unholy/?utm_source=share&utm_medium=web2x&context=3) post, in a lot of ways, changed the game for us. + +A lot of work went into this post. Behind the scenes, we often co-write a-lot of the material and it was the mutual feeling of the entire **Mod** team that the things said here needed saying. + +&#x200B; + +\- The blanket [Media Enquiries Responses Post](https://www.reddit.com/r/ASX_Bets/comments/laj16o/message_from_the_mods_to_media_inquiries_now/?utm_source=share&utm_medium=web2x&context=3) + +This became our default position when dealing with the Media during the whole **GME** thing. We value transparency, hence putting it out there for all too see. + +&#x200B; + +&#x200B; + +**HEARTWARMING STUFF** + +&#x200B; + +Sorry, these are just links to the warm and fuzzy stuff. Again, there are loads more so apologies to the many who I have missed in providing this mere sampling. + +&#x200B; + +\- The rises Of [Koality Content](https://www.reddit.com/r/ASX_Bets/comments/m63d8t/_/?utm_source=share&utm_medium=web2x&context=3), & [Koality content 2](https://www.reddit.com/r/ASX_Bets/comments/m8sfv4/asx_bets_in_print_in_the_australian_boomer_review/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/StinkyFatWhale and the [Charity Donations Pledge](https://www.reddit.com/r/ASX_Bets/comments/mpzbju/it_is_done/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- The [Christmas Give-aways](https://www.reddit.com/r/ASX_Bets/comments/kiek27/merry_christmas_ya_filthy_animals_presents_from/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/joneseph and the [Cancer donations](https://www.reddit.com/r/ASX_Bets/comments/mafb01/my_friends_dad_who_was_like_a_second_father_to_me/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- the [Charity Flair-a-thon](https://www.reddit.com/r/ASX_Bets/comments/m9uspj/since_the_charity_flairathon_began_we_have/?utm_source=share&utm_medium=web2x&context=3) and over $5000 donated + +&#x200B; + +&#x200B; + +&#x200B; + +Honestly, this post could go on forever. + +&#x200B; + +We haven't covered the: + +&#x200B; + +\- **AMA** (*Ask Me Anything*) posts we have done with various companies shilling their products so you Autismo's can get answers directly from the horses mouth, + +&#x200B; + +\- the massive amounts of Quality DD, + +&#x200B; + +\- the multiple ASX spreadsheets people have built and made available for you to access, + +&#x200B; + +\- the ticker trackers users have made freely available for you all to access, + +&#x200B; + +\- the tax programs that have been posted here free of charge, + +&#x200B; + +\- the 'Catch the falling knife series', + +&#x200B; + +\- The multitude of **YOLO's** over 100K + +&#x200B; + +\- the 'random ticker of the week' DD series + +&#x200B; + +\- The Share sight competitions, handing out free memberships to the lucky winners + +&#x200B; + +\- The Self Wealth access you have and the competitions they do on the sub + +&#x200B; + +\- The ''*official corporate shill*'' flair, which is attached to any official company rep so can summon them to get information + +&#x200B; + +\- The huge volume of information available to you all in the **WIKI** + +&#x200B; + +Etc, etc, etc........................ + +&#x200B; + +&#x200B; + +There is so much more, but this post is already stupidly detail heavy and long. + +Hopefully you get a chance to take some time and click the various links in here. If you haven't seen some of these posts before or you weren't around when it went down, its a good chance to get up to speed on some of the madness discussed here. + +&#x200B; + +Thanks for indulging, happy clicking!! + +&#x200B; + +**TLDR**: Αγαπάμε ακόμα την απώλεια πορνό ... +This can’t be brushed off as mod drama because these two have taken a power trip and become delusional as to what a mod is. Pink came out with screen shots of a conversation between RED and Hey_Madie. + + +In this conversation, Madie is whispering negative sentiment about other mods to Red. RED CHESS QUEEN IS MIXING HER PERSONAL AFFAIRS WITH SUPERSTONK. + + + +Madie has been previously shilling a wallstreet sub by calling GME a pump and dump and shilling Weed stocks. She was able to bypass satoris algo’s and become a mod made possible by RED. + + +Madie was called out by Dr.T and yet no one did anything but brush it over. +Pink was removed when RED WAS THE ONE WHO MADE THREATS AGAINST HER. + + +If you don’t believe me read u/pinkcatsonacid post + + + +REMOVE MADIE AND REDCHESSQUEEN FROM MODERATOR LIST. + + +Edit 1: idk if this sub will fall or not, I sure as hell hope it doesn’t. On the contrary pink was permabanned and has created a new sub GMEjungle if anyone else wants to join that sub too. + + + +Edit 2: Madie had made a comment saying “Diamond Hands = Bagholders” but has now deleted the comment. 🤔 +Huh. Got some mail from a crime scene cleaning company Saturday concerning one of our rentals in Michigan. + +Turns out there was a homicide there last week, part of a murder-suicide. Neither party has been publicly identified yet, so we don't know if it was our tenant, but it's a fair assumption. + +Anyone have experience with The Crime Scene Cleaner, LLC? + +**Update 1:** Made contact with the property manager. She had not heard anything, but we figured out that that was likely because the investigating agency was not the local PD, because they are listed as the property manager with the city. + +We've confirmed that something happened at the address Monday. We have not yet confirmed the identities of the deceased, which is actually in question because someone using the tenant's phone texted the property manager Friday. + +I'll have more tomorrow. The property manager was out of the office today but said she'd be stopping by the property tomorrow morning. + +**Update 2:** And boy is this a fun one. + +The cast: Tammy, the tenant. TBF, Tammy's boyfriend. And Not-Tammy. + +As I mentioned, someone using Tammy's phone texted the PM four days after the murder-suicide. She asked the PM to call her about the house after 5, but then the phone "wasn't receiving inbound calls" or something like that according to a recording. Curious. The PM also mentioned that Tammy and Not-Tammy had a kind of a time-share going with TBF, and whoever got TBF that week or whatever also got the house. + +Yeah. + +So anyway, the deceased female is apparently Not-Tammy, because the PM actually made contact with Tammy. TBF apparently killed Not-Tammy (and the dog, the bastard), then took off somewhere and killed himself. Tammy is not staying in the house, and gave notice as well. I'm fine with that. + +Apparently, we don't have any keys to the place because when Current PM took over from the last PM, keys didn't get handed over. I think TBF's family has keys. TBF's car is still there, and there's personal property to get returned to both TBF's family as well as Not-Tammy's family. We're changing the locks today and PM has a mitigation company that'll at least take a look to see how bad it is. The cops have Tammy's phone right now; that's why PM couldn't reach her that way. Don't know if she's somehow a suspect in any of this. + +What a freaking mess. +I'm trying to get as many eyes on this as possible. I haven't had much luck so far, and I keep seeing posts make the front page that are making big claims about short positions and Sept. 28th, including claims that shorts must cover or close by that date (for which I have found zero evidence). + +I did my own DD on the matter, which can be found [here.](https://www.reddit.com/r/Superstonk/comments/phujc2/introducing_the_expert_market_otc_market_groups/) + +&#x200B; + +A ton of long-dead OTC stocks have come back to life recently and it has me jacked, as I firmly believe the price action is an indicator that they are tied to GME. But I think there is some sneaky business in the works, and efforts are being made to suppress information. As far as I can tell, these stocks could be moved off the OTC market and begin trading on the private broker-dealer network called the "Expert Market", and this could be happening in a few weeks. + +This market is by design not accessible to retail investors and the general public. + +Why? Because the SEC has decided that certain OTC stocks are too dangerous for retail investors, and we must be protected from fraud and manipulation. ^(LOL) + +No longer will retail or the general public be able to see prices for securities moved to this market, nor will retail investors be able to engage in trading on this market. **If our reanimated OTC stocks get moved to this "Expert Market" it will hide valuable data, as we will no longer be able to see what is happening with the price, volume, etc.** + +&#x200B; + +Don't believe me? Here are the highlights from my DD: + +[The website of the company who operates the broker-dealer network](https://blog.otcmarkets.com/2021/03/25/understanding-the-expert-market/) <-- They tell you straight up that many stocks will be moving to this private network, and they state that *"Quotations* (prices) *in Expert Market securities are restricted from public viewing. Only broker-dealers and professional or sophisticated investors are permitted to view quotations in Expert Market securities."* + +[The SEC filing itself, this is the primary source](https://www.sec.gov/rules/exorders/2020/34-90769.pdf) <-- This filing confirms the claim above, and outlines what securities will be moved to the private network, which includes: securities with outdated financial statements, including shell companies, as well as SECURITIES FOR COMPANIES THAT ARE UNDERGOING CHAPTER 11 BANKRUPTCY PROCEEDINGS. + +Of course there's nuance and exceptions to the requirements, and not every security will be moved, but I'm trying to keep this brief. If you want to know more then read [this analysis by Hamilton and Associates Law Group](https://www.securitieslawyer101.com/2021/rule-15c2-11-compliance-deadline-draws-near/) which gives you an overview of the situation. Its lengthy and dense but it is informative as hell. + +&#x200B; + +For the smooth-brains and casual lurkers reading this, my intention with this post is to manage your expectations for Sept.28th. + +For the wrinkle-brains reading this, please scrutinize my DD (link at the top). I need more people to look into this, as I feel this is very important given the relevance of our OTC zombie stocks to the abusive naked-shorting of GME. + +If you are currently doing your own DD on OTC stocks, consider making a back-up of data on OTC stocks, as I believe it will become much harder to access in the near future. + +&#x200B; + +In closing, I'm jacked about the data we are getting from the OTC market, and I fear that incoming changes are attempting to suppress important information, much like [the CFTC's recent decision to suspend reporting requirement for swap dealers](https://www.cftc.gov/PressRoom/PressReleases/8422-21). I need more wrinkle-brains to look into this to either confirm or deny what I have found. + +&#x200B; + +Until then, continue being skeptical, and HODL. +Surely people should not be evicted when the whole economy shuts down. But current set up makes the landlord responsible to sponsor this crisis for their tenants. The mortgage forbearance is not any kind of relief. Taxes, utilities and repairs still have to be paid on time whether rent is received or not. + +When jobs slowly resume, I imagine most tenants will choose to leave instead of having to pay off thousands in arrears accumulated in the last months. + +Am I wrong? +[Associated Press](https://apnews.com/article/technology-business-new-york-bitcoin-craig-wright-c822c8fca349b7b779b23aa2b6e9db32) + +NEW YORK (AP) — Craig Wright, a computer scientist who claims to be the inventor of Bitcoin, prevailed in a civil trial verdict Monday against the family of a deceased business partner that claimed it was owed half of a cryptocurrency fortune worth tens of billions. + +A Florida jury found that Wright did not owe half of 1.1 million Bitcoin to the family of David Kleiman. The jury did award $100 million in intellectual property rights to a joint venture between the two men, a fraction of what Kleiman’s lawyers were asking for at trial. + +“This was a tremendous victory for our side,” said Andres Rivero of Rivero Mestre LLP, the lead lawyer representing Wright. + +David Kleiman died in April 2013 at the age of 46. Led by his brother Ira Kleiman, his family has claimed David Kleiman and Wright were close friends and co-created Bitcoin through a partnership. + +(article continues) + +[Statement from Craig Wright after the verdict was given.](https://twitter.com/jimmywinsv/status/1467910308953997314?s=21) + +[Jury Verdict](https://storage.courtlistener.com/recap/gov.uscourts.flsd.521536/gov.uscourts.flsd.521536.812.0_1.pdf) + +[Final Judgement](https://storage.courtlistener.com/recap/gov.uscourts.flsd.521536/gov.uscourts.flsd.521536.814.0.pdf) + +Craig Wright + lawyers post-verdict interview: https://vimeo.com/654331541/7aae7c7e46 +Like many investors these days, I have been intrigued by the performance and philosophy behind the Ark ETFs and the competence of Cathie and her team. + +My main concerns with this ETF, as it is with many actively managed ETFs which rise in popularity quickly, is how new capital is allocated as investors pour their cash into the funds. + +Let's take Ark's flagship ETF: ARKK. This fund invests all of its capital in just over 50 companies. As more money pours in, new capital has to be deployed in one of two ways: + +1. To buy more equity in the companies currently present in the fund which will lead to growing ownership. The number of companies in which Ark has over 10% ownership is over 15 in ARKK. This level of concentration can lead to an "artificial" pump in prices and comes with limitations and other problems as evident by the rise and fall of many 90's actively managed funds. +2. The other option is to invest in new companies which might force the Ark team to select sub-par firms resulting in sub-par results in pursuit of producing stellar results and beating the benchmarks. + +This is a classic problem that all popular active funds have faced. How do you think Ark will navigate this problem? Are they any different that many active funds which have beat the benchmarks some years only to trail them in others? Would love to hear your thoughts! +Curious for those who have climbed from $1 M to tens of millions what you think the millionaire tiers are and what does it afford you. + +For example, I would think there is a rather big difference between $1 M vs $2-3 M in terms of everyday living expenses but $2-3 M isn’t necessarily “do what you want” either. What are the next tiers in your opinion? +Hi all, +I’m curious how old everyone is today and what they have saved for retirement? +I’m trying to start saving and would love to hear where people currently stand with their retirements! Thanks! +I’m 36 and have about 50k so far for retirement/ +My name is André and I make music as RAC. I've been following the Ethereum project since January and I believe it's going to revolutionize multiple industries, including my own. + +Here's my wikipedia page if you want some more background: +https://en.wikipedia.org/wiki/RAC_(musician) + +I'm reaching out to this community because I would like to release my work on the Ethereum network. This is definitely early days and there's not really a platform for this, but you gotta start somewhere. I reached out to UJO music and have not received a reply, so I figured I'd try here. I believe that if this is somewhat successful, it will not only raise awareness, but it will start to bring in my peers. + +I have a technical background, but not quite as a developer so I'm wondering if anybody wants to join me for this project? Please DM. + +I've greatly enjoyed the daily discussions throughout this period and even though I've been a lurker the entire time, I want to get involved. + +**PS: Upvote the daily and don't forget to HODL.** + +**PS2: I'm in touch with UJO now!** +Gentleman! + +Today is a glorious day, I will soon be closing on my first home thanks to ETH. + +I am in my late twenties, soon to have no debt and own everything in my life outright with a good chunk of change still left in the old stack. I did not come from wealth or privilege. Let this be evidence that you can make your dreams come true if you stay curious with an open mind and an open heart. + +I can tell you right now, there is no sweeter feeling in life I’ve experienced than truly accomplishing financial independence. + +I want to thank all of you for being amazing people, bears and bulls alike. We are all in this together. + +To the moon! + Aye, my beautiful ape family. I'm just stopping in to remind everyone that the people pushing down the stockprice are creating additional synthetic shares to do so. This is our jetfuel. Don't mistake it. Nobody is panic selling. I'm HODLing personally. No sweat. Borrow my confidence if you need to. + + +I pretty much covered it in the title. I love you all! HODL +This is one of the main things that has contributed to the housing crisis, and I feel we are due for some action to be done about this. + +Say that starting today, a new law has been passed by the government that permanently bans corporations like Blackrock as well as the rich foreign investors that don’t even live here from buying land and houses. + +In addition, any of them that currently own homes in Canada will be legally forced to sell to Canadians, even if it is sold at a loss. + +The only people allowed to buy homes are citizens and permanent residents of Canada. + +Now that these parasites are out of the picture, what would happen to the country’s housing market going forward? Would it be as sunshine and rainbows as some people say? +Please realize that no amount of money is worth losing your life over. If you’re feeling stuck, I promise you there’s a way out. Ask yourself: what do you like to do? Do you like people? Look for a sales job and work your way up. Do you like traveling? Try and save some money, move to Latin America (edit: or somewhere else abroad) and teach kids English while living in a much more affordable tropical place. Feeling isolated? Reach out to one person who you would be happy to talk to. There are always solutions. + +I know it’s easy to feel isolated, especially now. But I love each and every one of you, and I don’t even have to know you personally because you are all my brothers and sisters from a cosmic perspective. + +If anyone is feeling down, please DM me and id be happy to chat. No one should suffer alone. + +Edit: so happy to see so much love on this post. Thank you all for the awards. + +Also, I am not trying to offer a one size fits all solution to depression/anxiety. I was in a very dark place after my sister died and was dealing with a bunch of external pressures that exacerbated my anxiety/depression. I am just trying to give EXAMPLES of questions one COULD ask themselves if they are feeling stuck, from my perspective. + +I may be overly optimistic, but I believe the universe has a place for each of us and no harm can come from continuing to hope for a better tomorrow. Peace and love my brothers and sisters. + +Second edit: +This post goes out to all people suffering from anxiety/depression and/or suicidal thoughts and is not just limited to those who are active in the stock market. Love you all + +Third edit: +I love you all so much. + +This edit is for the person who made the following account (u/Many_Technician_4065) and messaged me. I was responding to your message and just as I clicked it, it said you had deleted your account. Your words spoke to me so deeply and I wanted to post my response here in the hopes that you might see it. I hope you do: + +I just want to say you are a beautiful writer and what you said really resonated with me. “If I want to kill myself for some reason that is at its core superficial, maybe I should live for an equally superficial reason just to see what happens. Maybe the prospect that I can do what I know I’m capable of.” That is a very similar sentiment to absurdism by Albert Camus and honestly is a lens through which I see the world. + +The chances of us being born, exisiting on this strange rock suspended in a sun beam, were so infinitely small yet here we are. Yes, there may not be any objective purpose but here we are and that’s pretty fucking special. I know you said I don’t care about you, but I promise you I do. I care that you took the time to message me and share the beautiful inner workings of your Mind with me. I care that you and I are both 2% genetically different than chimps, evolved from bacteria in the ocean yet here we are, helping each other out and connecting. I really do care, and I appreciate your existence so much. +I have just received the email enquiring regarding my interest (Full disclosure.... I am) probably by virtue of being an enthusiastic customer keeping Wingstop on the Heliport Trading Estate in business single handedly. + +Anyone else going to get amongst this? Of course they don’t yet make a profit, have circa £110 million of debt and yet are still touting £7 billion as a potential valuation. + +Do I need my head examined by a qualified professional or if I repeat the mantra “Future earnings” will that help me sleep better at night? + +*** Edit *** + +General consensus is that fundamentals are poor and this is a punt. I’m a gambling man with capital to blow, let us see how the situation develops. +I developed India's first and only practical Dividend Calendar that shows you the dividend yield as a function of last traded price (instead of the face value) of the stock! + +Check it out at [https://pFinTools.com/div-cal](https://pfintools.com/) + +We also have a [page](https://pFinTools.com/his-div-dat) now where you can search for any historic dividend declared in a user friendly way. + +We just relaunched the platform with much better ui and most of the features that you guys asked for. [Here is the link to the original post.](https://www.reddit.com/r/IndiaInvestments/comments/x05kma/launching_indias_first_and_only_practical/) + +We are still just starting out and we'll be coming out with more practical, powerful, pedantic financial tools, so please make sure to let us know if there's anyway we can make this better or if there's any specific feature or tools that you'll like to see in the future. +Trevor Milton, founder of Nikola Corp., has been charged with three counts of fraud by the U.S. Attorney's Office in Manhattan in connection with their investigation into the embattled electric vehicle start-up. + +Federal prosecutors accused Milton, who resigned as chairman in September, of making deceptive and false claims regarding "nearly all aspects of the business," according to a grand jury indictment unsealed Thursday. +I just cracked a six-figure salary. This might still be small fish for some on this sub, but this is a huge deal for me after growing up with a single mum working for close to min wage. Holy crap. + +Here is my history: + +Company 1 + +2015 - HR Admin $52,000 (grad job) + +2016 - promotion to HR Officer at $54,000 + +2017 - promotion to HR Advisor $65,000 + +Company 2 + +2018 - HR Advisor $66,000 + +Company 3 + +2019 - Advisor $80,000 + +2020 - increase to $82,400 (CPI increase) + +Hours and pay reduced by 10% due to covid for 8 months + +2021 - promotion to Senior Advisor $90,000 + +2022 - off cycle review $110,000 + +Edit: spacing (on mobile) +This correction has really shown me that I don't have what it takes to be doing Theta plays. I get way way too stressed when trades start heading the other way. I'm loosing sleep over PYPL, exiting at the wrong times, and getting really emotional about it. + +With owning good companies I barely even twitch if the stock drops 10%, but if I have a credit option on a stock and it drops, I get sweaty. I just don't have the risk tolerance for it I guess. + +$20,000 lesson I guess I had to learn, Thanks PYPL. +It takes 3 to 4 god damn business days. In 2020 where we can send a fucking car into space, why the fuck does it take 4 business days to deposit some money? Is this like that with brokers in the states too? Jesus fucking christ. + Hi, fellow dividend investors + +i want to share my portfolio + +The thing is - when you build well diversified portfolio consisting of many stocks, it could be hard to get low monthly income deviation, cause many good companies pay dividends at the same months and have different yields. + +What i tried to do was build diversified, good yield dividend growth portfolio, and i guess i managed to do that. As a bonus, i received portfolio which pays steady monthly dividends. + +Maybe it seems over diversified, but i'm not sure, would love to hear your feedback. + +Aiming to get 1000$ annually by 2024 + +&#x200B; + +https://preview.redd.it/cdmm8bu3yuh91.png?width=662&format=png&auto=webp&s=fd4d9887814cd6e74182d0359fa57cfa314161c9 + +&#x200B; + +https://preview.redd.it/iaspdtk0yuh91.png?width=641&format=png&auto=webp&s=9c2d7c639d519d4447711db0eb069b23d71f584d + +&#x200B; + +&#x200B; + +https://preview.redd.it/1m0rhzv5yuh91.png?width=1414&format=png&auto=webp&s=cb0493c0074f840a292907be2209a35c551f0ccc +There are many jokes about economists disagreeing about economic issues, particularly due to the historical debate between schools. As time passed, schools have merged into mainstream economics and the debate is far more nuanced. + +We still have many discussions and points of discord. But, in your area of specialization, what would be topics that are agreed upon? + +Some examples: +- Price Controls create efficiency losses and scarcity. Thus, are generally bad for an economy. +- Rent controls: ibid. +- Multiple exchange rates cause multiple distortions and corruption. +- Tariffs are terrible -same as price controls. + +If anyone disagrees with that list, it would be interesting if you can reference literature for me to check out. +Thank you! +Basically with all the rising costs I'm conscious as to how much it costs to run a dish washer, perhaps the difference on the various settings also if anyone has that sort of information? + +I guess it's hard to compare it to washing by hand, especially as I wouldn't let this build up to the amount of dishes in the dish washer, but would likely be doing them in smaller batches throughout the day. + +TIA +I'm watching this Economics Explained YouTube channel and he says that our exports are embarrassing. Apparently we just mostly export raw materials and cows. This got me into thinking why are we like this. Any thoughts? +Bristol Myers just gave me a copay card that changed my monthly medication from $500 a month to $10. It lasts 2 years and they will renew it then with one phone call. Sorry if this is a repost, but this was a literal lifesaver for me. + +EDIT: In my case income level was never asked. Also, the company benefits by hoping people with max out their maximum-out-of-pocket. This discount only applies to what the insurance company won't pay. + +Shout out to hot Wendi for telling me! + + +I am trying to get my head around how ETF's are priced and im not entirely sure about this one aspect. An ETF tracks the price of an underlying basket of assets and moves in price when they move in price. I understand that the ETF gains its liquidity from the underlyings as well as the ETF itself being traded on an exchange, but its price isnt impacted by it's supply and demand right? + +it makes sense to me that when the ETF begins increasing in price, Authorized participants trade in their basket of underlying assets for the ETF and then they would just sell their ETF on the open market so its an arbitrage opportunity , surely this cant occur. + +I believe that through Creation and redemption, Market makers and AP'S ensure that the price remains at a fair value compared to the underlyings. So if the ETF is trading higher than the underlying price, I believe that an AP can buy the underlyings on the open market and then exchange it directly through the ETF provider for the ETF to then sell for risk free money, this naturally drives the price of ETF's down and the inverse happens to increase them. +# Due Diligence of Bitcoin Mining stock valuations: RIOT and MARA + +Unlike the 2017/18 rise of Bitcoin, the 2020/21 Bitcoin price action has been largely driven and influenced by institutional demand. + +With institutional demand comes institutional products. We have seen bitcoin derivatives, bitcoin trusts, and more recently a new way for exposure to bitcoin price action: publicly traded bitcoin mining companies. + +There are two bitcoin mining companies which I'd like to review for you here. Both trade on Nasdaq; they are [**RIOT**](https://www.tradingview.com/symbols/NASDAQ-RIOT/) and [**MARA**](https://www.tradingview.com/symbols/NASDAQ-MARA/). + +Lets begin with a quick summary on bitcoin mining. + +--- + +## **What is Bitcoin Mining?** + +To mine a new block on the bitcoin blockchain you must find a number called a [nonce](https://en.wikipedia.org/wiki/Bitcoin#Mining). The cryptographic combination of the nonce + next block content must be numerically smaller than the network's difficulty target (more on this below). Generating a new nonce is extremely computationally expensive. There is no shortcut, miners must try calculations over and over again until they brute force the correct result. They are trying to find the answer to a math problem; a nonce that hashes correctly with the [SHA-256](https://en.wikipedia.org/wiki/SHA-2) (cryptographical hashing function). + +The bitcoin network adjusts how many computations must be done on average to find a valid nonce every 2 weeks. This is called the [difficulty](https://www.blockchain.com/charts/difficulty). The aim is to have a new block mined approximately every 10 minutes. This means that if the mining power is doubled, the difficulty is made 2x harder. Double the energy for the same amount of bitcoin. + +We can see an estimate for the [total hash rate being applied to the bitcoin network today](https://www.blockchain.com/charts/hash-rate). Notice that it is about 150m TH/s right now (150 million trillion nonces tried every second). So for every block (every 10 minutes) 9*10^22 attempts are done (90 sextillion) until one lucky participant finds a valid nonce and can "mine" the next bitcoin block. In doing so they get rewarded 6.25 newly generated bitcoin + some bitcoin in transaction fees from users of the network. + +You can run code on your computer to try and find the next bitcoin block. In fact, this is how all bitcoin mining used to be done. However, these days you will end up spending more on electricity than you mine in bitcoin. This is because people have developed special ASIC chips designed specially for brute forcing the SHA-256 function. These chips are a factor of 100 times more efficient than your computer. + +--- + +## **Mining on an ASIC Bitcoin Miner** + +The biggest producer of ASIC Bitcoin Miners is a Chinese company called [Bitmain](https://en.wikipedia.org/wiki/Bitmain). They produce miners, run many of the miners, and even run many [mining pools](https://antpool.com/) where people can collectively search for the next block and split the profits. + +Bitcoin mining becomes incredibly profitable when there is a rapid price increase in bitcoin. This is because there is a lag while new bitcoin mining hardware is being built and deployed to capture excess profit. + +So lets take a look at how profitable it is to run an ASIC miner today. + +The [Antminer S19 Pro](https://shop.bitmain.com/product/detail?pid=00020201222165500548JAa69Gvu067A) is one of Bitmain's latest machines. It can run an impressive 110 TH/s and uses 3250W of power. On their website Bitmain is listing them at $3769 per machine but in bulk companies can buy them for as low as $2333 (notice they are sold out until at least August). + +So: + +* **$2333 machine cost** +* Using $0.08/kWh electricity costs ([benchmark for electricity cost in China](https://www.ovoenergy.com/guides/energy-guides/average-electricity-prices-kwh.html)) we get 3.25kW * $0.08 = $0.26 per hour in electricity costs. Assuming we run 24/7 this gives us $0.26 * 24 * 365 = **$2278 in electricity costs per year** +* And how many bitcoin will we mine? Well at 110 Th/s on an ASIC machine we are capturing 110/150,000,000 = 0.0000733% of the total bitcoin network per machine **at current total hash rate**. 52,560 bitcoin blocks mined per year; 6.25 bitcoin reward per block + ~1.25 bitcoin in transaction fees (avg right now) -> 7.5 bitcoin per block * 52,560 blocks -> 394.2k bitcoin per year for the entire network. 0.0000733% of this is **0.289 bitcoin per machine per year = $14,450 revenue (at $50k per bitcoin)** +* **$14,450 - $2278 = $12.2k profit per year** + +You can play with the parameters to figure out different profit levels. For example, **if the total hash rate doubled to 300m Th/s, profit per machine would drop to $5k per year.** + +Also note that transaction fees fluctuate over time depending on how many people are actually using bitcoin (sending and receiving transactions). See [historic transaction fees](https://www.blockchain.com/charts/transaction-fees). + +And how long can you run a machine for? + +Running so many calculations slows a machine quickly. Additionally, new faster hardware is introduced making past hardware unprofitable fairly quickly. **As a rule of thumb we can expect a machine to be profitable for about 2 years.** This is also the rate at which companies mark the depreciation of miners on their balance sheet. + +In Year 2 the machines become much less profitable than initially. + +There have been studies to see where bitcoin mining is occurring through IP address analysis of miners working in pools. The University of Cambridge has a [real-time map](https://cbeci.org/mining_map) in which we can see that in 2020 mining was: + +| Country | % Total Hash Rate | +|------------ |------------------- | +| China | 69% | +| Russia | 6% | +| US | 5% | +| Kazakhstan | 5% | +| Malaysia | 4% | +| Iran | 4% | + +--- + +## **RIOT and MARA** + +Now that we have a basic overview of how bitcoin mining works let's look our new investment phenomenon: publicly traded NASDAQ listed bitcoin mining companies. + +## **RIOT** + +Incorporated in July 2000, the company was renamed to Riot Blockchain in October 2017. The company now exclusively mines bitcoin and has a partnership with Coinmint LLC in New York who operate the miners. RIOT was a penny stock for most of its existence and was irrelevant until mid 2020. + +How many miners do they have? + +* Current status of pre-Dec 2020 orders: [11.5k miners in operation and 10k more to be delivered](https://www.riotblockchain.com/news-media/press-releases/detail/99/riot-blockchain-achieves-milestone-of-1-ehs-in-hash-rate) ([funded from $100m secondary offering in Oct 2020](https://www.sec.gov/Archives/edgar/data/1167419/000107997320000871/riot_s3.htm)) +* In December 2020 their stock price rocketed alongside bitcoin ($3->$15 in 1.5 months). They took advantage of this and ran a secondary offering [raising $200m](https://www.sec.gov/Archives/edgar/data/1167419/000107997320001054/riot_s3.htm). With this money [they ordered 15k more miners for $35m](https://www.sec.gov/Archives/edgar/data/1167419/000107997320001096/ex99x1.htm). Expected delivery starts in May 2021 with the bulk to be delivered in October 2021. + +**Summary: 37,640 machines at full deployment. 11.5k machines today and won't be running the rest until Q3/Q4.** + +So ignoring the cost of the machines: + +* Operational 11.5k machines at $12.2k profit per year per machine = $137m +* Full capacity (Q3/Q4) 37.6k machine at $12.2k profit per year per machine = $459m + +And assets + +* Maybe $150m in cash/btc left over from secondary offering and past assets + + +Note: They may get cheaper electricity costs through their partnership and claim as low as $0.014 per kwh in some releases. + + +## **MARA** + +Incorporated in 2010, the company has a wild history. It first engaged in the exploration and development of uranium and vanadium, then real estate in Southern California, and most recently patent trolling. The company has some questionable leadership and has also been a penny stock for most of its existence. In 2019 (I think?) the company began delving into bitcoin mining. + +In September 2019 they purchased 6k S9 Bitmain miners (13.5 TH/s) for $4m. Notice that at 13.5 TH/s: these machines are far from profitable today (I'm not even sure they were profitable back then!). + +So more recently they own: + +* Current status of pre-Dec 2020 orders: [6.5k miners in operation and 30k more to be delivered](https://www.marathonpg.com/news/press-releases/detail/1226/bitmain-ships-4000-antminer-s-19-pro-asic-miners-to) ([funded from $100m secondary offering in Aug 2020](https://www.sec.gov/Archives/edgar/data/1507605/000149315220014870/forms-3.htm)) +* In December 2020 ran another secondary offering after their stock price went from $2->$14 in a month. [They raised $200m](https://www.sec.gov/Archives/edgar/data/1507605/000149315220023410/forms-3.htm). With this money they ordered 70k more miners (delivery of 7k in July, 63k in December) for $168m +* In January 2021 they ran yet another secondary offering raising [$300m more](https://www.sec.gov/Archives/edgar/data/1507605/000149315221000864/forms-3asr.htm). They used $150m of this to buy 4.8k bitcoin at $31k per coin + +**Summary** + +* **Operational 6.5k miners = $79m per yr** +* **Full capacity (Dec 2021) 103k miners = $1.25bn per yr!** + +**They also made ~$90m on their bitcoin holdings so far ($150m -> ~$240m)** + +Impressive numbers right? Well.. + +--- + +## **Too good to be true?** + +So what are RIOT and MARA trading at you may ask? + +With the recent jump of bitcoin to $50k, RIOT and MARA have rocketed. + +* RIOT closed at $77.90 per share, **a market cap of $5.3bn** +* MARA closed at $47.90 per share, **a market cap of $4.5bn** + +Investor euphoria is at all time highs. So much so that their price action has rapidly [outpaced](https://i.imgur.com/VjQTaA3.png) and [diverged](https://i.imgur.com/wwzoTn6.png) from bitcoin. + +So is it because they have such huge potential? If RIOT gets all of its hardware delivered is it really going to be making $459m per year? And MARA $1.25bn per year!?! + +Well, probably not.. + +* As bitcoin price goes up, mining becomes VERY profitable and there is a rush to build and deploy more hardware. From Oct to Dec 2017 the price of bitcoin famously went from $4k to $20k. Total hash rate went up about 60% during this time. [However, it went up a massive 600% over the following 9 months as new miners were produced and deployed](https://www.blockchain.com/charts/difficulty) with a lag. +* As the price of bitcoin capped out and then dipped mining soon became unprofitable at such a high total hash rate and miners lost a lot of money. +* Both RIOT and MARA are pending receipt of the majority of their miners and won't be taking delivery until late 2021/early 2022. What will the network's total hash rate be by then? What will bitcoin price be by then? Chinese miners won't be sitting by idle. +* And we ignored the cost of the machines! In the future RIOT and MARA will need to buy new machines. Regardless of the market the old ASIC miners will quickly trend towards unprofitability. Bitcoin is closed system; There will only be a maximum of 328.5k + tx fees of bitcoin mined per year. In fact, this will reduce in 2024 with the next "halving". A company cannot reliably mine more bitcoin/capture more of the network because if they are finding it profitable to increase their hash rate then you can be certain every other miner is doing the same. How many $100m secondary offerings can they do for this free lunch? +* Take a look at the [past financials of these companies](https://www.sec.gov/ix?doc=/Archives/edgar/data/1167419/000107997320000948/riot10qq3-0920.htm). RIOT mined an "impressive" $2.4m worth of bitcoin in Q3 2020. Their costs were $1.3m in electricity/rent/etc. + $1.2m depreciation ($2.5m!). Once you add in their $2m of salaries and marketing they had an operating loss of -$2.1m for the quarter. Their bitcoin did appreciate by a cool $385k meaning their net loss for the quarter ended at -$1.7m. +* Of course their next quarter should look wildly better thanks to bitcoins Q4 2020 price action. But this is not a business that is massively profitable under normal market conditions. + + +The bull case: + +* Bitcoin keeps rocketing and never comes back. The total hash rate doesn't catch up and $50k btc becomes $1m btc. MARA's $1.25bn revenue next year becomes $12.5bn before ASIC miner production catches up. Investors doubled their money. + + +Of course, if it becomes so profitable one wonders if Bitmain decides it is better value to use the miner's themselves and breach their contract. + +--- + +## **Tobin's Q** + +Simply stated, when you invest in a RIOT or MARA you are investing in the profitability/unprofitability of bitcoin mining over the next 1-2 years. + +It could be hugely profitable, or it could crash and burn like it did in 2018 and you see no returns. + +In this instance, you are paying the executive team of MARA and RIOT to buy the hardware, plug it in, and sell any bitcoin for you. There isn't much more to it than that - you could buy the hardware yourself and run a few machines if you found a good electric company to partner with for cheap electricity. + +So perhaps a good way to see what kind of premium you are paying to own bitcoin miner exposure through these NASDAQ companies is the [Q Ratio](https://en.wikipedia.org/wiki/Tobin%27s_q). The Q ratio is the market cap of the company divided by the replacement costs of its assets. + +RIOT + +* Market Cap $5.3bn +* Current btc miners 11.5k ($27m) +* Ordered btc miners 26k ($60m) +* $150m cash remaining (guess) +* **A whopping Q ratio of 22.4! And 63% of that is cash, 25% in orders!** + +MARA + +* Market Cap $4.5bn +* Current btc miners 6.5k ($15m) +* Ordered btc miners 96.5k ($225m) +* $240m in bitcoin +* $100m cash remaining (guess) +* **A "value" Q ratio of 7.75!** + +With this approach, RIOT is trading at a 22.4x premium today and MARA a 7.75x. + +A criticism of this valuation methodology may be that it is justified paying a premium when orders for new hardware are so backlogged. Just remember that these companies are also stuck in that backlog and won't have most of their machines online until 2022. Is it really worth such a premium? + +--- + +## **Other factors to consider** + +These companies have questionable management. **The CEO of MARA has awarded himself [compensation in excess of $300m](https://www.sec.gov/Archives/edgar/data/1507605/000149315221000469/form8-k.htm) over the last few months. Realise that the market cap of MARA was less than $300m just 3 months ago.** + +Both companies are quick to do secondary offering after secondary offering at such high prices. MARA has been more aggressive recently and the downward pressure of insider selling and secondary share offerings has resulted in the price moving from $20->$48 in the time RIOT has gone from $20->$77. + +A read through both of their 10-Qs will give you paragraphs of legal claims, shareholder class actions, and past investment write-offs due to corruption/shady circumstances. + +These companies have no moat. They have no IP. They have no key talent hires. They are simply ordering ASIC miners, plugging them in, and having the biggest pay-days of their lives. + +--- + +## **Trading strategies** + +So is there a trading strategy I would recommend? + +### **Bear** + +**The challenge with being a bear in this market is you have to seriously consider whether the risk/reward is there for betting on the downside.** + +Right now the market doesn't care for your fundamentals. Bitcoin has passed $50k, the narrative is that its going to $100k. The market expects these stocks to continue to trade at multiples and be 10x higher in a month. + +It sounds ridiculous but it keeps happening. It is far too dangerous to be short these stocks. Or worse, short calls and you could be bankrupt on 1 intra-day move. + +So that leaves you with puts. Average implied vol nearing 300% does not make them cheap. + +If you truly have conviction that there will be a correction in the near term then consider weekly bear spreads. + +Longer DTE plays are insanely expensive and run the risk of the many secondary offerings eventually justifying a price higher than your price target. + +Another interesting idea would be a relative trade. If you could find exposure to bitcoin mining at <20x premium your long run earnings could net out. However, all publicly traded companies are similarly ludicrous so you'd have to buy a stake in btc mining privately or try and own some ASIC miners yourself. + +More simply you could go long bitcoin and short RIOT/MARA. This should converge in the long run. The risk is that short term the short position will be impossible to risk manage and there is always the risk of more secondary offerings. + + +### **Bull** + +Buy as far OTM weekly calls as you can at 400% IV and hope that momentum market continues. Fundamentals are for the 2010s. + +--- + +### **Other** + +Both RIOT and MARA's stock price spent some time consolidating down from ~28 to the 16-22 range when bitcoin corrected back from its initial $45k run up back to to $30k. + +It is possible they will again if bitcoin has a pullback. However, the price action of these stocks has diverged even from bitcoin for the time being. + +Ultimately the price action we are seeing now is purely momentum/hype/technical and probably retail driven. Long term and as far as future earnings go this play is a loser. But be careful; that doesn't seem to matter right now. + +--- + +*Disclaimer: This is not financial advice; do your own DD and trade at your own risk. Positions: I hold 1 60/50 put debit spread for Feb 26th for each company.* + +--- + +**TLDR; Bitcoin mining stock valuations are about as crazy as the valuations of all growth stocks in this market. Fuelled by retail demand of people who don't know what a blockchain is but their crypto-millionaire friend told them its revolutionary. "The greater fool" investing 101.** +When it comes to discussing a company’s financial performance, EBITDA (earnings before interest, taxes, depreciation, and amortization), has become such a common reference point that you would think that everyone embraces its utility. However, neither Warren Buffett, nor Charlie Munger, who famously said “I think that, every time you see the word EBITDA, you should substitute the words ‘bullshit earnings,’” have much good to say about the acronym. Buffett has even gone so far as to call its widespread use a “mass delusion.” + +“In respect to EBITDA, depreciation is an expense, and it’s the worst kind of an expense,” Warren Buffett said at the 2017 Berkshire Hathaway Annual Meeting. “You know, we love to talk about float. And float is where we get the money first and we have the expense later. Depreciation is where you spend the money first, you know, and, then, record the expense later. And it’s reverse float. And it’s not a good thing. And to have that enter into a multiple, it’s much better to buy a business that has, everything else being equal, has no depreciation because it has, essentially, no investment and fixed assets that makes X, than it is to buy a company where there’s a lot of depreciation in getting to X…And, of course, it’s in the interests of Wall Street, enormously, to focus on something called EBITDA because it results in higher borrowing power, higher valuations, and all of that sort of thing. So it’s become very popular in the last 20 years….It’s a very misleading statistic that can be used in very pernicious ways.” + +**See** **Buffett’s full explanation on EBITDA and depreciation** + +[https://mazorsedge.com/lessons-from-warren-buffett-why-depreciation-is-the-worst-kind-of-expense/](https://mazorsedge.com/lessons-from-warren-buffett-why-depreciation-is-the-worst-kind-of-expense/) +Quick background....I am doing much better financially than I have in the past. My daughter and I used to skip meals regularly and still barely eke out day to day existence. I am now what one would call low to mid-middle class. Small house, but in a very nice neighborhood. Old car, but it runs. Regular trips to the grocery store without walking around with a calculator and having to put stuff back. However, I just can't seem to get rid of the fear of spending. I am recently in the middle of a health issue. It started to get even worse, so I called work to let them know that I was indeed working (from home) and just might need an hour here or there during the day to rest. My boss said, "Why are you not at the doctor?" I just said it wasn't that dire. He said, "You sound like absolute crap...go to the freaking doctor." And my only thought was not wanting to pay the copay. It's $50. I definitely have $50. I have finally been able to save up an emergency fund of a few thousand dollars over the past 3 years. But it just never occurred to me to "waste" that on a doctor visit. It took him emailing me, calling me, and zooming me to make me go. I finally went, they gave me prescriptions that I weighed not getting because, y'know, money. It turns out my prescription was $3. $3!!!!! And I genuinely was considering just getting through with home remedies. It's a tough mindset to escape. And please know, I am not wishing that I was one of those people who just spends without impunity. I appreciate my frugal ways. But when it affects my health, my inability to parent, and potentially A LOT more money down the line, I just kick myself for not being willing to spend $53. + +Just wanted to share. Has anyone else been able to safely and frugally release themselves from poverty mind? + +&#x200B; + +Edit to say: Just to let everyone know, I DID go to the doctor and DID get my medicine. My daughter and I are doing perfectly fine, and that was that's the main point...we're fine financially (not rich by any means, but fine) but I still have that mental block. But you all really made a mark with your comments for me...I just ran to the grocery store and guess who bought facial tissues for the first time in EVER! This girl! No more toilet paper no blowing for this house..at least for a bit. You are all so helpful and supportive. Thank you! + +&#x200B; + +DOUBLE EDIT: OK OK, I called the dentist. Dang it. But all of you are right, it's better to do it now than when I get a blood disease. Sigh. But yes, thank you all. If I need a full set of dentures, I'll just go ahead and link my gofundme. Seriously, you all are awesome people. Thank you +Most of the advice here tends to be quite conservative and actually quite good. E.g people will say get funds instead of trying to pick stocks, or possibly get a tracker vs active, or maybe get a tracker here vs there, or global, that sort of thing. But whenever anyone recommends an individual stock (not just on this sub but on any investing sub on Reddit), whenever I buy it on that basis, it then proceeds to tank massively. + +And it got me to thinking that it's a bit suspicious, because whenever I've picked stocks myself, even with no experience at all, they seem to have gone up by 15-30% since October. But whenever I buy anything based on a Reddit recommendation, 50% drop. + +Examples, MGC Pharma, Corsair, AMD, Palantir, Serica Energy, XP Power. + +Don't worry I didn't buy GME or AMC, even as a complete noob I'm not that gullible. But the point is the above stocks are by a huge margin the worst performing in my portfolio. Everything (including stocks I've picked myself, random funds etc) are all up by at least 10% (granted that's a bit of an exaggeration, I do have one or two which are down by around 5%. But the ONLY things I have which are down literally 30% or more are things talked about on Reddit. + +So what's going on? Is there some sort of scam going on, or are people who have the balls to give investment advice actually worse at picking stocks than a complete noob? +*mods asked me to rename the post, hence repost* + +&#x200B; + +[Yes that is an Ortex bucket cap, copyright pending.](https://preview.redd.it/bl5zsk27hmw91.jpg?width=3977&format=pjpg&auto=webp&s=093a0a28ea9b7a389199242a0c436e56aa3fd70f) + +When will someone teach these companies who blindly defend the indefensible to not issue statements which contain absolute clangers? There's one specific line in their statement that I find hilarious. + +*"Clearly, SI did not increase by tens of millions of shares when todays total volume was 2.3million".* + +The suggestion here is that the data Ortex provides for GME is normally accurate using equation X, however yesterday for whatever unexplained reason the same formula suddenly became sentient and went rogue?! + +*Ortex you're supposed to snort the cocaine not the dog food.* + +Now let me tell you something about me, I work in tech, specifically I manage a team which builds complex data dashboards (very similar to that of Ortex) which calculates and displays data from multiple sources. For obvious reasons these numbers are not hard coded, or updated arbitrarily. The only time there is an error in a calculation it's because a human fucked with the data before it got to the formula or because what you thought was a glitch actually did happen. + +**Mathematics is linear, it either is or it is not**, if the formula is right today it's right tomorrow, the laws of mathematics don't change because it's inconvenient for Wall St. + +Do not believe a word they say, when they claim they need to have someone "review the formula". + +If the formula was perfectly fine the day before **the formula was perfectly fine yesterday when it showed Wall Streets hand for the 15th time**, and unless we see a copy of the formula: + +* before yesterday; +* yesterday; +* once updated; + +claiming anything otherwise is gaslighting. + +u/ORTEX_official, how many times are you gonna claim glitch before you just admit that you, like all of us either have no idea what's going on, or that those 150mm plus shares borrowed yesterday could very well be exactly what our community hypothesises they might be? + +**Why jump to a glitch before considering:** + +* Credit Suisse 540k put exposure leak? +* T69 run up theory? +* Covering/rolling FTD's with more bad bets? + +Buying 45more shares just because of this fuckery, DRS incoming. + +**glitch better have my money** + +**IN OTHER NEWS:** [Occam's razor](https://www.reddit.com/r/Superstonk/comments/yfww28/its_credit_suisse_dummies/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) +Lorem ipsum dolor sit amet, consectetur adipiscing elit. Pellentesque laoreet mauris et pretium bibendum. Cras id enim vitae ipsum molestie pretium vitae a lorem. Nam non lacus consectetur, dictum mauris non, pretium erat. Orci varius natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. Vestibulum in risus id libero auctor varius eu a mi. Donec commodo sapien nunc, a eleifend ex pellentesque convallis. Phasellus eleifend sapien vitae neque egestas, in tempus augue aliquam. Vestibulum venenatis porta sem, quis porta mi suscipit vel. Vestibulum tempor bibendum placerat. Nam consequat nunc quis magna auctor hendrerit. Nulla sagittis eget massa vel consequat. Aenean lacinia metus eget magna porta facilisis. + +Maecenas velit lorem, molestie tempus dignissim a, euismod sit amet eros. Phasellus viverra interdum eros, eget tristique felis imperdiet vitae. Donec a diam a diam tempus sodales. Integer dolor massa, dapibus nec iaculis sed, tincidunt vitae metus. Morbi commodo dui euismod ligula venenatis euismod. Sed condimentum sollicitudin enim in vulputate. Sed vestibulum dolor metus, a pharetra mi cursus ut. + +Nulla purus leo, malesuada ut ligula nec, sagittis dignissim nunc. Vivamus purus tellus, commodo non efficitur eget, lobortis nec magna. Nullam nec lorem accumsan, malesuada odio ac, rhoncus libero. Vivamus vestibulum sed mi eu pellentesque. Fusce magna enim, dapibus a maximus sit amet, maximus eu tortor. Maecenas efficitur purus quis felis viverra mollis. Sed placerat nec libero sit amet varius. + +In nunc nibh, venenatis id ultrices sed, molestie eget diam. Donec posuere faucibus suscipit. Sed tortor lacus, ultricies eget suscipit in, scelerisque in massa. Etiam aliquam leo at efficitur semper. Maecenas augue magna, porttitor in quam eu, laoreet interdum ipsum. In hac habitasse platea dictumst. Morbi quis lectus et est rutrum malesuada ut ut leo. Donec diam erat, facilisis in sem nec, lobortis venenatis ex. Proin fermentum convallis purus, vel rhoncus nisl sagittis et. Duis non ex et ipsum semper laoreet. Praesent at laoreet tortor, nec molestie dui. + +Praesent egestas nec ipsum et tristique. Fusce non mi et felis pharetra sagittis. Mauris efficitur mollis feugiat. Suspendisse vitae tincidunt arcu. Proin nunc lectus, accumsan eu sem sit amet, hendrerit efficitur nibh. Suspendisse sem orci, dapibus id pulvinar ultricies, pulvinar vitae est. Mauris scelerisque urna vel erat scelerisque porttitor. Donec porttitor neque massa, a faucibus nisi tempus ac. +I am not a lawyer. Just an adjuster who deals in sorting out the truth on a day to day basis; and as a result deals with insurance fraud from time to time. Reading the new god tier DD this morning on Citadel using it’s MM abilities to synthetically short GME got me thinking. As we all know, GameStop raised capital through an offering of 3.5 million shares a few weeks ago. I think the price they sold at was around 150, in essence raising the $525 million we all heard about. However, what if (as we all suspect) citadel has been using their MM abilities to synthetically suppress the price of GME and the offering price should have been 4-5x higher (600-750)? And what if GameStop can prove that accusation based on the proxy votes being far in excess of the float? Then in essence, GameStop potentially has been defrauded financially by Citadel, and as a result could file suit for damages ($$$$$). + +(Pure speculation here) Is that potentially why Ryan Cohen was in VA near SEC HQ the other day AFTER GameStop Twitter account was freely tweeting about MOASS? Is he giving the SEC the heads up on what is coming? +I have owned my own business for 20 years and managed to save $11M in liquid assets plus another $1.5 in real estate investments. I just passed 60 and it's time to pull the trigger on an exit strategy. I could sell internally for about $10M or externally for an estimated $16M. If I sell internally, I would be paying it forward, but I would also need to finance the buyout. The next generation of leadership wants to try and part of me thinks they deserve a shot. So, less money and more long term risk for me. Friends, however, tell me I'm crazy, I need to sell to the highest bidder and move on, that if I leave $6M on the table I will regret it years from now.. So my question is this. Have you ever made a decision knowing that you would make significantly less money, or the opposite, made one based solely on money, and regretted it? +**I walk down the street and I feel detached from reality. I feel like a zombie. I do not get any work done. But I am not alone.** + +I consider myself a very skeptical person. Being a lawyer, it is my job to find flaws in documents, fact check everything and find a solution for my clients. Same goes for my other profession, being a corporate consultant. + +**I do not believe in anything that is not proven. Something that I couldn't see myself.** + +**Story time, skip this if you feel like it:** + +*I got involved in the stock market when I was 7 years old. I sold my parents stocks on the beach in Italy. I did not read comics, I picked up a newspaper for financials and told them I would sell them a stock, at that time Lufthansa, for 1€. If the stock price moves up, we split the gain. If the stock price goes down, we split the loss. I had been given 15€ of pocket money from them for the vacation, just like my brother and sister. Both of them blew their money within 2 days of the 2 week vacation. I was able to buy myself ice cream every day and went home with 21€. I felt different. To this day, my parents tell this story to compare the character of us siblings. I did not grow up wealthy. My parents worked hard all their life and I promised them to take care of them for the rest of their life. Damn, I have to admit the only thing that I am afraid of is not having them. I could never tell them,* ***I would cry - and I am not an emotional person.*** + +Money somehow was always magic to me. I believed that anyone could become rich. I founded my first official company when I was 18 and sold it when I was 25. Because money isn't everything. I am sick of it. + +**Where was I...ah, yeah...GME. Sorry apes!** + +I got involved in GME in November. I did not sell at 20. I did not sell at 400. Did not sell at 40 again and to this day I have upped my position. Many saw my post selling my Audi RS7 for 420 shares. Many asked why. + +**And that's the question that I ask myself EVERY FUCKING DAY. WHY AM I NOT SELLING?** + +I fact check everything daily. I do my own DD and pull it up every few days to fact check it. + +And you know what, even though I feel tired of everything and I am unsure of the future... + +**I FUCKING CAN NOT FIND A FUCKING MISTAKE IN THE DD.** + +So even though I feel detached from reality, even though I do not tell anyone I am invested in GME, I silently am adding to my position. + +And what is keeping me confident? + +Because apart from all doubts, I know we are right. WE! It is the feeling that I am not alone. I usually do not have a problem with being early, first or alone in a belief. But this is damn hard. And I appreciate every single ape of you. I don't care how this ends. Even if they screw us, we were right. + +**Whether you are providing DD, commenting to fact check, just commenting for the luls or just silently upvoting and assuring people by being there. You are all equally important.** + +**So I want to THANK YOU for helping me.** + +\------ + +**TLDR: I love you all. You are all equally important.** +I get $118 in food stamps a month. That gives me a budget of ~$30 a week for food. I've been doing really well with it but with the price of food increasing its getting harder. Last month I miscalculated and ended up with no food at the end of the month. My mom always said I didn't have to worry because I have her so I asked her to buy me some food. She did, but she's been really weird since. Like judgy and disappointed and making snide comments about me. She's actually not a bad person. I don't know what's up, but I decided I'm not going to do that again. + +&nbsp; + + +I was telling my case manager and she told me to go to the food bank. I have really bad social anxiety so honestly the whole process scared me. On top of that I have this whole feeling of not being worthy enough. I live in a poor area. There are lots of people way worse off than me that don't even get the food stamps. Maybe I'm just really bad at budgeting and the $30 is enough. They deserve/need it so much more. But my case manager told me that I wasn't taking food away from anyone by going and that in fact they often end up throwing out food because it goes bad before they can give it away. So I got up the courage and went. + +&nbsp; + + +It wasn't scary at all! This one just asked to see my ID and a piece of mail proving my address. I filled out a paper with my name and a little info like date of birth. Then they gave me a number. I drove around back (after getting lost because I was an anxious mess and directionally incompetent) and gave them my number and they put a box of food in my car. + +&nbsp; + + +I'm so freaking happy! I got milk, bread, rice, some meats, a whole bag of frozen fried chicken, half a dozen eggs, a couple ready made meals, some canned goods, a couple apples, tortilla chips, salsa, and a variety of other things. They even gave me a can of soda. I've never had this much food at once. I'm so stressed about money and this is a big relief. I can go once every 30 days if I need to. + +&nbsp; + + +The point of this probably too long rambly post is don't be afraid to go to a local food bank if you need too. + +&nbsp; + +Edit: I did not expect my post to get this big. I'm a bit overwhelmed with the response. I talked to my mom about it. She wasn't upset with me that she had to buy me food but more with the whole situation. She is concerned about how I will survive when she is gone. Me running out of money for food just brought that up in her mind. I didn't say this in my post but I have mental and intellectual disabilities. My mom is a good person, she's just human and it's hard for her having an adult child with my disabilities. She's just worried about me. She apologized for the comments and said she was proud of me for going to the food bank. Yes, I'm still not independent but it at least proved I can access resources other than her when I need too. + + +Anyway, I just had a wonderful breakfast. I'm not stressed about food and the cost of every bite I take today, and that feels good. +Proposal would restrict companies from buying back shares unless they pay their workers $15 an hour as well as some other requirements. What are your thoughts about this? Seems unconstitutional to me. + +[Link](https://www.cnbc.com/2019/02/04/senate-democrats-call-for-restricting-corporate-share-buy-backs.html) +If you're out-of-the-loop: A fatfire member ("manatee" - not his actual username) was asked to verify his NW claim by another fatfire member with the promise that a large donation would be made to a charity of their choice if they did. Manatee came on the thread and took up the challenge. However, he did not finish the verification process in a timely manner. + +Here's the update as promised: After speaking with manatee privately, he concluded that it was best to de-activate his account due to some unpleasant messages from users who took this too far. Perhaps in the future, he'll return to finish the verification process, but it doesn't look like he'll be verifying any time soon. + +As a reminder, this sub's verification has always been optional and nobody should feel obligated to verify with us. So the mods would like to ask that nobody makes future posts pressuring individual users to verify. + +Update to the charity part: So was this all for nothing? Not really. At least one fatfire member promised to donate a few thousands of dollars to charity if manatee failed to verify with our sub. So we are still in a win-win situation. If any of you verify that donation with me, I'll gladly update this post with that information. + +To the ones who committed to donating if manatee did verify: It'd be awesome of you if you still made a donation to a charity of your choosing. I'll also gladly update this post with that info when you do so. + +Here's to hoping that this sub makes more charitable donations to great causes in 2022 and beyond! + +Cheers and Happy New Year, fatFIRE! + +Edit: Total verified donations so far: $47,222 + +u/IAmABlubFish: $2,500 to Greater Cleveland Food Bank + +u/rezifon: $5,000 to GiveDirectly + +u/fire_burner_acct: $22,222 to GiveDirectly + +u/DesignatedVictim: $2,500 donation to Greater Cleveland Food Bank + +u/techflow4: $2,500 donation to Greater Cleveland Food Bank + +u/scrapman7: $5,000 donation to Greater Cleveland Food Bank + +u/ambidextrous_mind: $5,000 donation to World Food Programme + +u/-Hawaiian-Punch-: $800 to St. Mary's Food Bank & $700 to Second Harvest Food Bank + +u/Flowercatz: $1,000 to their local Food Bank + +To encourage more donations to great causes from fatFIRE members for other reasons besides this post, I've created a [fatFIRE Donors Hall of Fame](https://www.reddit.com/r/fatFIRE/comments/ru3cof/rfatfire_charity_donors_hall_of_fame/) post. This will be a new fixture on the sub's sidebar. +Coca-Cola Co. has been a fantastic stock for decades upon decades and I still love it. However, I sold my shares a few weeks ago at $64 per share. My cost basis was below $60 and I decided that I would sell into strength and wait for a better opportunity to buy back in. This qualifies as timing the market, but I feel justified in waiting for better valuations in a world of higher interest rates and Fed tightening. Plus, I had losses to offset before year end. + +The current yield is just 2.8%, below its 10 year average of approximately 3.1%. Also, its dividend growth is far less impressive than similar stocks with a 5 year dividend growth rate of only 3.5%. Pepsi, for example, has a 5 year growth rate of over 7%. I would much prefer a yield above 3% or a growth rate above 5% before I consider entering a new position. Does anyone have any analysis to support re-entering $KO at the current price? + +Full disclosure: I am short a Cash Secured Put in order to try and get a lower cost entry and intend to roll that position over until the price reaches a more desirable entry. Therefore, I am technically long $KO, but in a manner consistent with my overall thesis (at a lower price). +“So if you were to give a ballpark number for what you think Bitcoin and Ethereum will be worth by the end of the year, what would it be? + +OHANIAN: At the end of the year, Bitcoin will be at $20,000. And Ethereum will be at $15,000. Great, now people can call me out if I’m wrong.” + +http://fortune.com/2018/05/02/reddit-alexis-ohanian-bitcoin +Kind of a self bragging post but I recently closed on my 7th property in 3 years of REI. I was able to pay cash for it and still have a nice cushion. I have an offer out on an 8th and it’s eating into my personal cushion for the down payment, but with my seven houses stable and my real estate reserves I’m not one bit worried. My first few houses I was stressed all the time, doing work myself to pinch pennies, barely keeping my head above water after some unexpected maintenance. Now I know what risks I can and can’t take and am doing well enough I can hire out any work needing done. The bet cash flow month to month is almost enough to replace my wife’s job at this point. + +It just feels good man. +Idk which one of you shared our DD with 60 Minutes, but this one sounds like it’s straight from the front page of Superstonk. It’s on at 7 P.M. EST (6 P.M. CST) on CBS. + +I'm not sure what I expect, but I plan to try and catch this segment and thought it may be something interesting for other apes as well. + +https://preview.redd.it/05me1ks12fk81.png?width=1284&format=png&auto=webp&s=7f0f619c8efe5536231f13eb88266479b737571a +Hi there, + +I am a student in economics and particularly interested in the field of behavioral economics. + +Any recommendations on a must read on the topic? + +For your information, I’ve already read: + +- Thinking fast and slow +- Missbehaving +- Nudge + +Thanks im advance +I just don't understand how this kind of lame aesthetic/taste became popular in crypto community. Something like profile pic with blue glowing eyes? Abbreviation like WAGMI? Emojis like 🚀🚀🚀 and space floods with degenerated/ugly JPG NFTs. I have no question why people from outside see crypto community as a joke and hate it a lot. Because this crypto culture just demonstrates/represents how superficial and greedy the community is. It's so sad that this has became an image of the community from the eyes of outsiders. +Everyones favorite ETF ... ARKK. What are your 2021 predictions? + +**Questions** + +* Will ARKK beat S&P 500 in 2021? + * If you're brave, give a price target. +* Why? + +Thought it would be fun to make predictions and look at them in a year ... Should be a learning experience. + +I'll start. I've been an ARK bear for a while (probably a little biased to be honest). + +**Prediction** + +* Underperform the market. + +**Why** + +*The fundamentals of many of the top holdings are out of hand* + + * P/E are crazy + * P/S might be more accurate, given growth focus. This metric is also crazy. Top 10 holdings all have P/S ratio above 10 (remove SQ and most are around 20). + * AMZN, GOOG, AAPL never had these P/S during most of their growth story (my data doesn't go back to founding). Today are all WELL below 10. + * TSLA valuation is too high. Stock price is currently \~$400 above overly optimistic [valuations](https://www.youtube.com/watch?v=BVc6CfAjAbM). Only 10% of the fund, but a significant pullback would hurt. + * Many of these stocks are pure momentum at this point, not good long-term. + +*The comeback isn't great for ARK funds* + + * During COVID personal savings rates were the [highest in recorded US history](https://fred.stlouisfed.org/series/PSAVERT) + * In a low rate environment, with many companies impacted by COVID, this money found its way into tech/innovation. When the present is temporarily bad and rates are low, bet on the future. + * When the world comes back, a lot of this money leaves savings, which hurts all equities ... slightly + * Withdrawan saving is spent on discretionary, these beaten-down sectors start to look attractive and opp cost of tech/innovation investment increases. Potentially kills momentum. + * As we get closer to rate increases, growth stocks look less attractive (future cash flow discounted more heavily) + +What do you think? +If a small group of people own most of the wealth in an economy, wouldn’t that lead to the overproduction of luxury goods at the expense of goods the majority want? If every dollar spent is a vote in what goods and services get produced in an economy, wouldn’t having more dollars give you more votes? So say a country has large wealth inequality and builds thousands of hundred million dollar mansions, wouldn’t that take away resources and labor from producing modest housing and increase home prices and rents? +&#x200B; + +[RC TOMBSTONE TWEET](https://preview.redd.it/a5aarkz9v1271.png?width=400&format=png&auto=webp&s=b066fbf4ef1a4432597d4f7b16cc8a76c66fcadb) + +"A tombstone is a written advertisement that gives investors basic details about an upcoming public offering." + +EDIT #1 THANKS FOR ALL THE UPVOTES! I didn't expect this to blowup as I was just reposting it in light of the tweet. This is my theory based on facts. Also a great timeline of rc involvement with GME. Gamestop future is very bright in the near term and future. Not financial advice. + +Reposting Merger DD + +**What's RC plan, does he have a plan?** + +&#x200B; + +[Reverse Merger](https://preview.redd.it/e3snbmofv1271.png?width=1264&format=png&auto=webp&s=919faa2369537a443fc935d3c012f6a33d6c1d78) + +&#x200B; + +Here is what I think Ryan Cohens plan is + +Ok I have heard allot of talk about stock splits, reverse splits, dividends or crypto dividends ect on how RC can shake the shorts. + +None of those really go the whole way. Reverse split is out of the question as the stock is not liquid enough, and there is legal questions surrounding the crypto dividend. [OVERSTOCK](https://www.coindesk.com/after-lawsuits-and-delays-overstock-hands-shareholders-digital-dividend) + +Also none of these moves benefit Ryan Cohen and GameStop at the same time. They may hurt the shorts or help retail investors but none of the options help Gamestop and RC at the sametime. + +I have [Posted](https://www.reddit.com/r/Superstonk/comments/mwy324/can_ryan_cohen_increase_his_ownership_to_199/) and others have thought about RC buying more GameStop, after reviewing the filings **he can buy up to 20% of the company at any point.** This whole time I have been waiting for him to buy, and thinking that he is waiting for volume to dry up, or to save his ammo to protect the stock if the price starts to fall. + +but there is a serious flaw in that thinking......it doesn't help Gamestop. + +I lay out the timeline of RC and GameStop below more in-depth below, but at this point RC has control of the board and the chairmanship, he doesn't need to buy anymore stock the way normal people do. + +GameStop, with the help of RC and his marry band of Apes has erased its long term debt (minus leases) and raised 555m (a nice down payment on the transformation) + +Ryan Cohen wants to own more of GME, most owner/CEO own over 20% of the companies they run. + +He is totally invested in the GameStop turnaround, the best thing he can do is a **Reverse Merger.** + +He capitalizes RC ventures with allot of money (500m, 750m, 1.5b) he can even bring in other private investors. + +RC Ventures and GME merge, they create a Holding Company that they both merge into. The holding company is renamed Gamestop and eventually trades as GME under a **new CUSIP#** + +**How does it help Ryan Cohen**\- He gets ownership of whatever % of the stock at the agreed upon merger price (it would be the same amount as if he bought on the open market) + +H**ow does it help Gamestop**\- they actually get the **CAPITAL,** if Ryan buys on the open market they don't get the money they sold that stock when they issued it. this way Ryan gets to infuse the company with much needed cash and increase his ownership stake at the same time. + +You are probable asking + +HOW DOES IT HELP APE - Did you gloss over the part about the CUSIP#...here read this + +[Example 1](https://groovevc.wordpress.com/2017/04/12/is-this-the-beginning-of-a-remarkable-short-squeeze/) or [https://theintercept.com/2016/09/24/naked-shorts-cant-stay-naked-forever/](https://theintercept.com/2016/09/24/naked-shorts-cant-stay-naked-forever/) + +" Changing the stock cusip number results in each share with the old cusip number having to be exchanged for a share with the new cusip number, which causes each short position to have to prove the borrow. Naked short positions would be unable to comply and those positions could have to be covered by purchasing shares with the new cusip on the open market. " + +Now the reverse split or the reverse merger has been tried before and it does squeeze the stock price a bit, but then it goes right back down. Typically this is because it is done on Penny Stocks and the shorts can simply cover as its not that expensive or there is not as many Naked shorts as people think. + +but what if there is a ton of **NAKED SHORTS,** then those **SHORTS ARE FUCKED.** If they sold a bunch of shares naked and kept doing it without ever thinking they would need to be returned they would be foreced to buy a TON of GME under the new CUSIP # + +**ADDITION More research and DD need to be done on how a merger or reverse merger affects users on ETTORO** +https://www.etoro.com/posts/0__entry__19ed9016-5e15-4642-be20-64b8dc9bb89f +Adding alpha merger info from Etoro. My take is not to worry if you are on Etoro, there would be a minimum 30 day period from the announcement of a merger to an actual merger, probably more. So the stock would squeeze during that period not after. Also any merger would cause a change in cusip number. + +Remember Citadel Securities is the DMM for GME right now if they change their cusip number they can change DMM OR CHANGE EXCHANGES. + +&#x200B; + +[SHortsplan was never to cover](https://preview.redd.it/wf27b5zmv1271.png?width=1027&format=png&auto=webp&s=7d5deba3ced045bc5fc1f253eff80fcbded6c947) + +I have been writing a DD where I believe that Citadel and SUS has been stashing their Naked options sales or Naked short sales in [Sold not yet purchased liabilities](https://www.reddit.com/r/DDintoGME/comments/n6mj3h/knight_capital_groupthe_precursor_to_citadel_part/) which are Ballooning. Citadel has no clothes describes the naked shorting done by Citadel securities the best. + +Oh and GME has done this before when the merged with EB games + +[Gamestop EBgaming Merger](https://news.gamestop.com/node/11616/html) + +They created a new Holding company like a laid out above + +More Fuel for the Fire- + +**Ryan Cohen changed lawyers** (DFV pointed it out in his tweets) + +new lawyer.....rising start in Mergers and Acquisitions + +[https://profiles.superlawyers.com/new-york-metro/new-york/lawyer/ryan-p-nebel/c6896fb3-ede6-4eca-8bbe-40b0dc317589.html](https://profiles.superlawyers.com/new-york-metro/new-york/lawyer/ryan-p-nebel/c6896fb3-ede6-4eca-8bbe-40b0dc317589.html) + +He also has a team of lawyers but Ryans on the Filings now . [NEW TEAM](https://www.globallegalchronicle.com/gamestops-agreement-with-ryan-cohen-for-the-board-of-directors/) + +**Ryan Cohen has the Assets**\- + +He sold CHewy for Billions....he bought two stocks Apple and Wells Fargo (we don't know the ratio but articles point to it being heave on apple) + +Do you like apples? + +&#x200B; + +[RC ownes 6.2 Million Shares of APPLE](https://preview.redd.it/e8odbhlsv1271.png?width=853&format=png&auto=webp&s=06a3cc0a60e8194e09a9447b0ded0a4341407c5e) + +**Tinfoil Hat time-** + +Apple has been acting weird since mid February. + +[Apple bought back 19B in March](https://www.barrons.com/articles/tech-giants-have-ramped-up-stock-buybacks-apple-is-the-champ-51619780412), the stock didnt pop up until they crushed earnings and annouced that they are going to buy back 90B more....and its dipping again. + +I have been thinking it is Funds selling out to cash out or to cover your position. Probably covering the position as apple it is safe haven stock. + +but what if it was someone ready to go .....all in on GME + +yeah crazy theory + +&#x200B; + +https://preview.redd.it/xt08lsjvv1271.png?width=1072&format=png&auto=webp&s=d8276c1f6fa1cb5bad92332610c7f69da848d1ee + +&#x200B; + +https://preview.redd.it/8iif6rzwv1271.png?width=782&format=png&auto=webp&s=c1cae8e7524d542837656f5a8f76f4eacf79deb6 + +**Lets Recap what Ryan has done to Date**\- + +\-Ryan Cohen Started purchasing Gamestop on 8/13/2020 + +\-Registers and Incorporates **RC Ventures LLC** on 8/28/2020 + +\-Files [first 13D](https://sec.report/Document/0001013594-20-000670/) on 8/28 signifying that he owns more than 5% + +\-Buys more GME and then on 11/16/2020 rights a [letter to the board](https://sec.report/Document/0001013594-20-000821/rc13da3-111620.pdf) (This really the only DD I need) + +he points out in the letter Game stop is failing and squandering a Golden opportunity + +&#x200B; + +[He knows they were short](https://preview.redd.it/scab9wkzv1271.png?width=660&format=png&auto=webp&s=b9f725728fae915bb9d29290f488615df253e175) + +&#x200B; + +[Would not be bought off with board seets](https://preview.redd.it/qmplk5s0w1271.png?width=721&format=png&auto=webp&s=e4d30c5d9af4543323226b880565cd030b227e99) + +\- On 12-21-2020 RC aquires more [GME](https://sec.report/Document/0001193805-20-001571/) he now owns 12.9%, [DFV](https://twitter.com/TheRoaringKitty/status/1341074590534152192) eagle eyes it a notes Ryan switched attorneys, thanks DFV you look at everything + +\- GME and RC file a [13D/A](https://sec.report/Document/0001193805-21-000031/) that they have come to agreement that the board will expand from 10-13 seats, and Alan Attal, Ryan Cohen and Jim Grube will be added to the board. At the share holders meeting it will go back to 9 members. [Agreement](https://sec.report/Document/0001193805-21-000031/#e620202_ex99-1.htm) (please read) + +&#x200B; + +https://preview.redd.it/qonwquv3w1271.png?width=1624&format=png&auto=webp&s=9b08866cd3b1bfe64c052ede6c671fb57b8d2371 + +the standstill provision last until 120 days after the annual meeting (unless they amend or terminate it) + +&#x200B; + +https://preview.redd.it/p8cj95x6w1271.png?width=1649&format=png&auto=webp&s=96036d237f1a27eb901611291970f7073b8551e4 + +Standstill period for stock ownership, and it changes the definition of an interested stockholder from 15% to 20%. it notes that an interested stockholder would be restricted on any business combination for 3 years after they reach 20% (changed from 15%) + +&#x200B; + +[He is approved to buy 20&#37; of the stock to date...but has not](https://preview.redd.it/o06xtk8bw1271.png?width=1643&format=png&auto=webp&s=12d6681ed5eed7e199bd3aba19cd9e3e24e2f683) + +\-James Bell Resigns 2/23 + +\-GME hires new COO from amazon 3/23 (they also hired a series of C-suite executives to lead the transformation) + +\-Gme 4/5/2021 updates their [ATM offering](https://sec.report/Document/0001193125-21-105564/) reduce shares from being offered and increased the target price and the press thought it was Bad??? (side note in late 2019, GME bought back over 30,000,000 shares!!! so they bought back 30,000,000 shares in 2019 for 150 million, and sold 3.5 million shares in 2021 for 555million) + +\-GME 4/8/2021 announces Ryan Cohen will be director of the board on 6/9 and that the board will be 6 members (Ryan has 4 of the 6 seats) OK **He wrote a letter on November 11/16 and 6 months later he is the chairman of the board and has board control.** + +\-Gme 4/13/21 Announces Voluntary Early Redemption of Senior note (cool they will be debt free) lets check out the note + +&#x200B; + +[He can now do the merger](https://preview.redd.it/7b1quvhiw1271.png?width=1547&format=png&auto=webp&s=c343b164761359be5620c78033880031bcee9252) + +GME 4/19/21- Announces CEO succession plan ( I don't think it matters if its Ryan or not, Ryan is steering the ship another person would just bring in added brain power and experience) + +GME 4/26/21- Gme Complete At the market equity offering program (21 days) Sells 3,500,000 shares for $551,000,000 + +GME 4/30/21 Retired the debt and announced the opening of a new [Fulfillment](https://news.gamestop.com/news-releases/news-release-details/gamestop-expands-fulfillment-network-new-facility-york) center + +Ryan Cohen buys in August, wrights a letter in November and in less than 6 months he has + +\-erased long term debt (outside of leases) + +\-raised over 500million dollars + +\-Remade upper management + +\-Started the process of opening a fulfillment center for the east coast + +\-Added NFT and Blockchain to the Pipeline + +Orginal Post on reverse merger( POsted 3 weeks ago) + +[https://www.reddit.com/r/Superstonk/comments/n7bv2h/ryan\_cohens\_kill\_shotthe\_reverse\_merger/](https://www.reddit.com/r/Superstonk/comments/n7bv2h/ryan_cohens_kill_shotthe_reverse_merger/) +Hi guys, + +Please bear with me and try and keep an open mind if possible. + +Growing up I studied and worked hard, working 2-3 jobs since 14yo. Ended up getting a decent HSC result and scored an IT scholarship at uni then did an MBA after that. Worked a bit in banking and now government. I currently earn way more than I should (as I think all state gov employees do). + +Ever since I started working in a corporate setting, I've felt my soul be crushed day by day. I'm severely depressed and anxious every day to the point where I've lost myself and can't find anything that sparks joy or gives me motivation job-wise. I don't get it.. I did everything by the rules and just feel let down by the system (and myself of course). Should also mention I have debilitating social anxiety which therapy and drugs have not been able to fix. + +I'm thinking of throwing in the towel and applying for the disability pension (mental) or JobSeeker. I'll be going from $86k (after tax) right down to $20k (after tax) or even less. + +I guess I want to know if anyone else has done anything drastic like this or if anyone can offer any general or financial advice? My partner earns $99k before tax and we have about $160k left of our mortgage (net debt). Do you think we will be fine financially? + +I feel lost and desperate. I know a lot of people reading this will think "what a snowflake, he just wants to mooch" because I'd have the same thoughts about myself. All I can say is I tried, I really did. I just can't do it anymore. Life is too short, I may as well be dead living like this. + +Thanks for reading this. + +EDIT: Thank you all for being so supportive, it pulled me out of a dark place. My plan is to explore income protection and if that fails just push through it until I breakdown or find a job I like. I don't think I'm actually eligible for Centrelink payments anyway. + +EDIT: For anyone into r/fire - be careful not to sacrifice your happiness/burnout in he pursuit of financial freedom like I have. +GME will run decentralized apps through their website browser and iOS app. There will be many more to come, but by far the most important (in the short term) is 0x ZRX using ERC-741 Protocol (ERC-721 and ERC-20) + +Link from [https://wallet.gamestop.com](https://wallet.gamestop.com) scroll down to see Image below showing the circle of partners as confirmation of partnerships. But what does 0x do exactly? + +[GME, ETH, LRC, IMX, 0x ZRX, UNI](https://preview.redd.it/u9ttowlmcrx81.png?width=3900&format=png&auto=webp&s=910133b4e29c4c4d9e9eb101a33ef62f58e2c944) + +&#x200B; + +[GME and 5 Horseman of the Stockpocalypse ](https://preview.redd.it/25aa8mbb7sx81.png?width=3648&format=png&auto=webp&s=d2c83c9e23b4b128d1201b2a6f42ce2149047574) + +&#x200B; + +[https:\/\/www.0x.org\/-0xDAO. https:\/\/www.0x.org](https://preview.redd.it/airetoci7sx81.png?width=874&format=png&auto=webp&s=bb3cfd33c1005e8a8a44d3ba9b1058b5adb04044) + +ZRX Token (likely dividend awarded to shareholders) = Voting share. Will house future shareholder voting and counting. (DAO’s, Governance, Voting platform for shareholders) + +[https://0xdao.gitbook.io/0x-dao/](https://0xdao.gitbook.io/0x-dao/) + +0x is Decentralized finance company that has its functions performed for the companies it works with on the blockchain using ZRX. It works directly with Crypto Brokers like Binance, Coinbase, and now LRC/GME. + +# 🔥💨With 0x, users can create markets for representing any form of value – these could include markets for tokens representing physical real estate, to tokens representing shares of stocks and bonds, to tokens representing other crypto assets. 0x is important infrastructure for the emerging crypto economy and enables markets to be created that couldn't have existed before. As more assets become tokenized, public blockchains provide the opportunity to establish a new financial stack that is more efficient, transparent, and equitable than any system in the past. 💨🔥 + +Using the 0x protocol, users can both tokenize assets and buy and sell tokens running on the Ethereum blockchain. + +# 0x will allow anyone to Automatically create orders that can be passed directly through your smart contracts (LRC) to be settled on-chain. (ETH) in GME Wallet. + +Two types of users are needed to operate any 0x market: + +&#x200B; + +* **Makers** – Those providing liquidity to the order book. Makers place orders on the exchange that do not trade immediately; rather, they wait for it to be matched. +* **Takers** – Those who take liquidity from the order book. Takers place orders that are instantly matched with existing orders. + +# Folks. The definition of “Stock Market” + +*Stock markets are venues where buyers and sellers meet to exchange equity shares of public corporations.* + +*Stock markets are vital components of a free-market economy because they enable democratized access to trading and exchange of capital for investors of all kinds.* + +*They perform several functions in markets, including efficient price discovery and efficient dealing.* + +## Why does ZRX have value? + +The ZRX cryptocurrency derives value from the role it plays in operating markets on the 0x protocol, rewarding relayers for hosting order books and facilitating trades.  + +In addition, ZRX is also used as a way to allow users to govern the software and set its rules.  + +For example, users can stake ZRX to gain the ability to vote on network upgrades and policies, with each vote being proportional to the amount of tokens they stake.  + +Users can also delegate their tokens to other validators, allocating votes to them while still earning a portion of the block reward.  **(proxy in market terms)** + +Lastly, there is a finite supply of ZRX that can facilitate 0x markets.  + +As of 2020, only 1 billion ZRX tokens are scheduled to be created. This provides a certain scarcity to ZRX tokens, which could help their value increase over time. + +&#x200B; + +0x works with (LRC) and not against many exchanges. LRC will take care of trading and 0x will take care of the back end of the securities servicing. + +For example: Voting on board, share/token holder activism, Voting on vision, receive dividends, provides proxy, distributes filings, and it offers rewards for using that will likely be implemented into the dividends. + +&#x200B; + +[Wonder who those Users will be?](https://preview.redd.it/9zjex6iq8sx81.png?width=1186&format=png&auto=webp&s=79f1e72d94398fdb31c4d4917ab06b34e12a7e20) + +# 0x could allow GME to become the next source of decentralized funding for new companies looking to bypass venture capitalist and the wall of the elite. Think Shark Tank, but with the entire world through decentralized investors each contributing different amounts and having the same voting rep rights as shareholders. + +&#x200B; + +*0x is the global backbone for decentralized exchanges (DEXs), making it easier for teams to create or operate a DEX.* + +*Building DEXs Made Fast 0x is open-source, if you want to start a DEX, you can simply use 0x's API and quickly tap into multi-chain liquidity. Making it that much easier to incorporate exchange functionality into apps designed on L2.* + +*Because so many businesses rely on 0x for their success, the 0x team needed a developer platform that could trust 24 hours a day to: - Scale infinitely - Maintain complete - data accuracy - Provide 100% reliability* + +*"Want to help build a tokenized world where all value can flow freely?* *📷" sounds a whole lot like:* + +\-Power to the Collectors + +and + +\-Be your Own Bank + +&#x200B; + +[https:\/\/twitter.com\/loopringorg\/status\/1490529748593823744?s=20&t=1QYejnV83EthKN2KKqdQCQ](https://preview.redd.it/zc4me52zasx81.png?width=1176&format=png&auto=webp&s=925952ee61850506aa5b201c0609bbc266f37303) + +&#x200B; + +[https:\/\/twitter.com\/macro\_diary\/status\/1517070821889609731?s=20&t=1QYejnV83EthKN2KKqdQCQ](https://preview.redd.it/91i8a1ycasx81.png?width=1162&format=png&auto=webp&s=eec1edd03de4bfd87c2343565b722d17d62f3a63) + +&#x200B; + +[https:\/\/twitter.com\/macro\_diary\/status\/1521523987607703552?s=20&t=1QYejnV83EthKN2KKqdQCQ](https://preview.redd.it/t7c73ze7asx81.png?width=1174&format=png&auto=webp&s=bf952f3db9d62cef838068c3785031138e2e8c26) + +[https:\/\/twitter.com\/macro\_diary\/status\/1459276514474840069?s=20&t=1QYejnV83EthKN2KKqdQCQ](https://preview.redd.it/mqaghhn2asx81.png?width=1172&format=png&auto=webp&s=a695c70eb89d2911610b61d2460f634590c23e0b) + +&#x200B; + +[https:\/\/twitter.com\/AlchemyPlatform\/status\/1518973685209649153?s=20&t=1QYejnV83EthKN2KKqdQCQ ](https://preview.redd.it/ov7cv5r79sx81.jpg?width=1418&format=pjpg&auto=webp&s=39473c6c901d73491dbe191cda0f5832c112cf17) + +&#x200B; + +&#x200B; + +[https://support.blockchain.gamestop.com/hc/en-us/articles/4411152558355-What-are-ERC-20-ERC-721-and-ERC-1155-tokens- ](https://preview.redd.it/zoyjfgljerx81.png?width=1198&format=png&auto=webp&s=e9260cf39190d32f139e7880df6f81197778b4ca) + +https://preview.redd.it/wt3y1g8q7sx81.png?width=1198&format=png&auto=webp&s=1a71e1077afeff82b861b390f3269bc74b222a83 + +[https://support.blockchain.gamestop.com/hc/en-us/categories/4408905918099-Crypto-NFT-Basics ](https://preview.redd.it/2dpjyp6rdrx81.png?width=2004&format=png&auto=webp&s=e4b1c475ace8fc447b522134e76e20da3cbece79) + +&#x200B; + +[Kagny Support on GME page](https://preview.redd.it/texor1vr7sx81.png?width=2004&format=png&auto=webp&s=11a081416475e2a5faf22a01e499b8ca031d2aa4) + +&#x200B; + +Final Edit: 4 Facts to Consider before Replies. + +&#x200B; + +1. 0x's business model described above is not a theory. +2. Their partnership with GME is not a theory. +3. The only theory is my *opinion* of the implementation of the two technologies, now that the partnership has been officially announced. LRC and others will have an equal impact on GameStop's NFT future. +4. I do not hold a single bit of 0x or ZRX. + +&#x200B; + +# What Cohen wants, Cohen gets. Master of supply chains in real and digital world. + +&#x200B; + +Angry that an NDA is allowing the value of your token to tank because you can't assuage holders? Too fucking bad. + +***Gotta grow corn to make whiskey.*** + +&#x200B; + +&#x200B; + +# TL;DR + +&#x200B; + +Courtesy of: + +u/[abatwithitsmouthopen](https://www.reddit.com/user/abatwithitsmouthopen/) + +# "GME: I’m the market now" + +&#x200B; + +$GME STO (Standardized token offering) on blockchain using #0x $LRC $UNI $IMX #ETH + +Gamestop and the Five Horseman of the Stockpocalypse + +Just because a Billion shares will be authorized in June doesn't mean they will put a Billion for sale. They have to authorize what the numbers tell them for the dividend. + +Outstanding Shares / Split (Dividend) + Shares Short needing to be bought and returned= What will be issued from the 1 Billion. Why the potential large amount left over? + +SEC may not allow a split without confirmed numbers and because they cooperated together in an investigation (confirmed Dec 2021) they both know that's impossible without forcing a return. Hence 1 Billion shares authorized to deal with the theory of a .7 Billion Short interest count. + +Ryan knows 2/3 parts of the equation, but that doesn't mean they add to a billion (later on) nor that they will stay that way after all outstanding shares existing are returned by recalling. This would trigger all shares including the illegal ones to be returned and reissued through dividend process (on Blockchain) with an SEC certified vote count. + +We are about to see the ushering in of a new age of financial protection for individual investors. I believe this is where Gamestop comes in. Someone has to pilot this new system and launch the very first American Security Token Offering (STO) as a replacement for the DTC defaulting on their fiduciary responsibilities. These shares/tokens will trade on decentralized lit exchanges as well as traditional exchanges (NYSE) while still being tied to the blockchain. Every owner tracked. Every share accounted for. In perpetuity. + +&#x200B; + +[https:\/\/www.sec.gov\/litigation\/investreport\/34-81207.pdf](https://preview.redd.it/nlzfvui2dsx81.png?width=1602&format=png&auto=webp&s=3bf4a90b2b018832d482991aba8c3840b8855109) + +[Credit to 3for100Specials](https://preview.redd.it/rps3eh6ghzd81.png?width=1602&format=png&auto=webp&s=00e034ead41aa35012e505c98ef699592112c30c) for breakdown of SEC filing +Although the crypto market has been an absolute shitshow these past couple of days tanking everything 50%+, ULTRA has proven itself to be quite resilient, eating dip after dip and even looking very strong on the Ultra/BNB pair chart. To be honest with you, I think the Ultra/BNB chart is one of the strongest on the Binance Smart Chain, and it's primed to explode. + +&#x200B; + +This coin has only been out for 7 days and it's already achieved numerous things, including: + +&#x200B; + +\- Listed on a Centralized Exchange (LBank) + +\- Broken multiple world records on BSC and has already gained over 30k+ dedicated holders + +\- Listed on Coingecko on day 1 + +\- 2 Audits which show that the coin is safer than even Safemoon + +\- Devs doxxed themselves and showed faces during an AMA (unlike some of the coins promoted here that just rugged) + +&#x200B; + +The coin seems to be gaining momentum for another pump already, despite yesterday being brutal for the crypto market as a whole. This just goes to show how strong of a community the token has and makes it really live up to its name of being ultra safe. + +&#x200B; + +According to the team, there's multiple things in the works, including: More CEX listings down the road (already in talks with 3), more AMAs, upcoming marketing, new website + +&#x200B; + +Find out more info about the coin here: [www.ultrasafe.finance](https://www.ultrasafe.finance) +Curious to see what other investors think at this point in time. With the current economic downturn, as well as other socioeconomic factors, are you looking to continue DCA'ing, pulling out completely, or just sitting cash-heavy hoping to catch the bottom? +Good Morning, Today I woke up around 5am bc a option spread I had placed was exercised against me. + +This resulted in my owing ($172k) worth of Amazon stock. My trading account was only worth around 5k at the time. + +Robin hood also hit me with a $46,278k margin maintenance call. + +https://imgur.com/N1XLymh + +https://imgur.com/uJUTxKb + +https://imgur.com/4S9RYOJ + + + + +edit*** I posted this in the main wallstreetbets daily but was asked to create it's own post, which is why it says deleted. I deleted the post because I was concerned staff at robinhood would find out I owe them almost 200k and do something to prevent me from trading again. I was also concerned that the US government would use this to prevent me from getting credit in the future, using a screening tool not disclosed to the public. + + + +Update** Robinhood has not threatened to sue or take legal action against me yet if I do not pay. I informed them that I will use my $1k worth of CHEGG stock towards the margin call. + + +https://imgur.com/TCQvYGI + + +Update2** I have transferred $120USD to show robinhood I do intend to make small payments overtime. In case any lawsuit comes up. This combined with the $1k worth of CHEGG stock which robinhood THEMSELVES offered to accept is proof of my intention to make payments. + + + +I will continue to update this in case this happens to any of you. So that you will be able to see the time-line of events and prevent this from happening again. + + +For those of you wondering - This was the notification I got early this morning. This was on top of the 170k. + +https://imgur.com/Co8biSm + + +Update** After talking via email(robinhood won't contact you over the phone). +Robinhood has given me the spread leg worth of Amazon stock to sell back to the market. + +I have sold the stock back to the market and am now letting the opposite leg of the spread ride to see If I can make it back into a profitable position during power hour. + +**Update if Amazon closes above $1,600USD I will be okay. If not I'll have to pay $2000USD to avoid a continued margin call + + +***Update Robinhood contacted me and was very helpful. I was assigned $ONE HUNDRED AND SEVENTY-SIX THOUSAND DOLLARS to pay. The broker actually gives you the opportunity to decide how you want to pay. This is called legging out instead of flatly closing both sides of the trade, which can be beneficial is some trading strategies. + +This all started with a Yolo recommendation from another WSB redditor. Unfortunately, due the time I closed out of each leg I still lost roughly $2k.(I think I'm still not sure yet) Which is about 50% of my $5k account. + +On Monday I will update everyone whether or not I'm still under a margin maintenance call. If not I should still have about $2k or $3k left. Anyone have any ideas for a good yolo? + + + +Considering the weekly ICO thread is ridiculously difficult to navigate through, I figured I’d summarize this week's ICO thread before the next one goes up. I’m only including ICOs who have raised under 80-100 million USD (ideally in the 10-40 million range), as this seems to be the sweet spot where you actually have room to see decent gains. + +[Request Network](https://request.network) - By the time I’m done writing this post their ICO is likely to be finished. However, this project is definitely pretty promising and raising a reasonable sum of money to accomplish what they’re setting out to do. It was also mentioned so many damn times in the ICO thread that I can’t possibly leave it out of this post. Quoting people from that thread, this ICO could likely be a homerun - and I agree that there’s massive potential here in both the short-term and long-term. + +[EnjinCoin](https://www.enjincoin.io) - ICO is just about done. These guys know what they’re doing, and their coin actually has a use. They’re a well-established community with strong backers, and they’re raising 25 million in their ICO which is reasonable compared to other projects. The gaming market is huge and no project has really tackled it yet, so Enjin has potential to be one of the pioneers. + +[Ripio](https://ripiocredit.network/) - ICO on October 24th. They were mentioned a couple times in the ICO thread, and they’re also an existing company which is a nice plus. It’s a credit network that facilitates lending between two peers using smart contracts. Really cool concept, imo. + +[Grid+](https://gridplus.io) - I was hesitant to mention this project due to the nearly 100 million dollar market cap, but that 64-page white paper and massive partnerships shows that this could be one the really big projects in this space in the coming months. It’s also an interesting concept and there aren’t any energy blockchain startups that have been as big as this one yet. + +[Airswap](https://airswap.io) - Honorable mention to this one as the ICO is over now, but it’s another decentralized exchange. Still could potentially be successful, one to watch out for when they launch. + +Cindicator - ICO just finished, started trading already. Heard there have been issues with the Telegram though. + +Considering ICOs are still largely profitable if you find the right ones (raising millions in hours in some cases), I think it’s beneficial for us to discuss them openly here. Feel free to suggest or de-suggest more projects and I’ll add/remove them from this list as necessary. +I’m currently with Hargreaves Lansdown where I hold a SIPP, ISA and my child’s Junior ISA. My monthly fees are around the £30 mark so I’m considering jumping ship to Interactive Investor where they have a flat fee of £9.99 plus £10 for a SIPP. + +Do any of you use this platform or have any thoughts on this? I quite like the HL app but I don’t know much about ii so would be keen to hear from people who’ve made the switch + +Thanks in advance +Anyone ever feel like saying f*ck it and going all in ARK? + +Currently ARKK is 30% of my portoflio and I absolutely love the weekly gains Cathie is producing. + +As I’m only 19, I often think about selling my whole diversified portfolio and just sending it into arkk, as I’m young and have a 10+ year outlook, so wouldn’t care about the short term volatility. + +Although it’s unlikely I’ll ever do this, I think about it a lot. + +I understand diversification etc, but arkk offers a somewhat diversified portfolio in 5 different sectors which some people (a few) would consider diversified enough. + +Anyway, do you guys ever get this urge? +Please tell me why this is a bad idea, or even why it’s good! + +Xoxo +[https://www.cnn.com/2020/03/18/investing/stocks-erase-trump-gains/index.html](https://www.cnn.com/2020/03/18/investing/stocks-erase-trump-gains/index.html) + +New York (CNN Business)The Trump stock rally, which at its peak a month ago was robust and seemingly unending, has completely evaporated. + +The Dow ([INDU](https://money.cnn.com/data/markets/dow/?source=story_quote_link)) fell more than [1,800 points on Tuesday](http://www.cnn.com/business/live-news/stock-market-news-today-031820/index.html), bringing the index below 19,732 points. That was the Dow's closing level on January 19, 2017, the day before Trump took office.The S&P 500 ([SPX](https://money.cnn.com/data/markets/sandp/?source=story_quote_link)) plunged 7% at midday,[ triggering a circuit breaker](https://www.cnn.com/business/live-news/stock-market-news-today-031820/h_03ac10482657155ab7dc354a7cefab3c)[ which halted trading ](https://www.cnn.com/business/live-news/stock-market-news-today-031820/h_03ac10482657155ab7dc354a7cefab3c)for 15 minutes. That index is still above its Trump inauguration level, but it is moving closer to wiping out all of Trump's stock market gains as well. The index, which is the broadest measure of Wall Street, was down 6.3% in the early afternoon on Tuesday.Global equities have been hit hard by the worries about the economic fallout from the coronavirus outbreak, which has by now infected more than 7,000 people in the United States.Economists [predict recessions](http://www.cnn.com/2020/03/17/economy/global-recession/index.html) for both individual countries and the world economy this year as the pandemic dealt both a supply and demand shock to commerce. That said, expectations for a sharp rebound for the economy and the stock market towards in the second half of the year are high. +edit: +update: [new numbers two hours after posting show](https://www.reddit.com/r/Superstonk/comments/nj6n7t/superstonk_has_over_eight_hundred_times_the/gz5wu71/?utm_source=share&amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;utm_name=iossmf&amp;amp;amp;amp;context=3) **SuperStonk now has OVER ONE THOUSAND TIMES** the upvote engagement per capita over wsb (same metic as title) at the time of this edit. + +edit for more numbers on another metric: + +[SuperStonk's number of new posts in the last hour was 400X per capita over wsb ](https://www.reddit.com/r/Superstonk/comments/nj6n7t/superstonk_has_over_eight_hundred_times_the/gz75iuj/?utm_source=share&amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;utm_name=iossmf&amp;amp;amp;amp;context=3) at the time of this edit. + + +original post: + +i was just curious to compare some friendly numbers. + +i browsed SuperStonk and wsb this morning for the data in this post and sorted each sub by 'top comments' then by 'today'. + +wsb: +~10.1M members +~44K online at time of posting + +**wsb top posts today with over 1000 upvotes:** +#4 + +SuperStonk: +~308K members +~20K online at time of posting + +**SuperStonk top posts today with over 1000 upvotes:** +#107 + +the math: + +wsb is 32.79X bigger than SuperStonk. + +(fyi: wsb has only 2.2X as many online right now over SuperStonk.) + +SuperStonk has 26.75X the number of top posts today with over 1000 upvotes over wsb. + +scaling for the size differential: +26.75 X 32.79= **877** + +#800X = 80000% + +**SuperStonk has OVER EIGHT HUNDRED TIMES the upvote engagement per capita over wsb in consideration of todays top posts with over 1000 upvotes.** + +now i understand some of the obvious factors in play, and i'm not posting this to be divisive. after all, wsb was the sub from whence we came and is custodian of the hallowed DFV YOLO updates. + +i was just curious about how much engagement was going on over there compared to here. + +now i know. + +(nothing to see here apes, carry on) + +**tldr:** wsb is a giant hollow echo chamber and SuperStonk Stadium is fucking PACKED and JACKED^TITS + +edit: forgot to leave these for you: +🖍🖍🖍🖍🖍🍌🖍🍌🖍🖍🖍 +I've seen a lot of posts recently in relation to March 17th. I understand that there is some significance and relation to the day based on RC's prior tweets about his dad and there surely could be some correlation to MOASS being on March 17th. Out of respect for Ryan and his family, who he seems to be private about, can we please avoid using them unless directly referring to the tweet he posted it in? Especially of his late father. Let's show some respect and courtesy for Gamestop's Chairman, it's the least we can do. + +Edit:the title is supposed to say "father," I can't spell. +Edit:~~unpopular~~ opinion +I’m in my first year of college and have a clear career path in my mind. I wanna work for a think tank or a governmental organization. I even started my own think tank with some friends and we’ve gone out and made policy proposals that have supported important legislations in my state. I also have some experience with R and learning about Excel. I’m also learning Japanese because I’m fascinated by BOJ monetary policy from a neoclassical perspective. If there are any other recommendations on what I should pursue further, that would be greatly appreciated. +The most glaring misperception I’ve noticed, is that a few investors still think this crack-down is about siphoning money from / purposefully harming Western investors. First off, it’s not about this at all. This is about the CCP fixing China’s own internal problems, and capital as a whole (not just western investors) being collateral damage from this. + +For example, many of these companies that were caught in the new regulations, are already dual- listed in the US and Hong Kong. And some even only have listings in Hong Kong or Mainland. For example, the education sector regulations news broke the night of July 22nd (US time). In the days after, the CSI 300, an index of the 300 largest companies listed in Shanghai and Shenzhen dropped over 10%, and over 20% since its February peak. +Foreign investors make up less than 5% of the domestic Chinese market, so this impact hurt primarily domestic Chinese investors + +Additionally, the Hong Kong market is also dominated by mainland investors, with mainland institutions estimated to comprise ~40% of Hong Kong volumes, while mainland retail investors make up another ~20%. These investors are shareholders of many of the Hong Kong listed technology, education, gaming, and property management companies, which also experienced drops of ~20 - 80%. + +The difference in Chinese policies vs. many Western governments, is that China prioritizes the labor and tech components of this equation more so than capital. While labor is made up of the domestic population itself (and the goal of society is to improve the well-being of the population) and technology is used to amplify this output, capital is face-less (or at least belonging most to those who have benefitted from the country’s rise and accumulated the capital in the process, and thus have a “national duty” to help & repay their fellow citizens / country who helped them achieve this success). + +In the 1980’s while China was opening up, Deng Xiaoping famously said “Let others get rich first”. The idea was to allow certain enterprising individuals to generate wealth first, and over time this new wealth would be used to help “backward” areas of the country. The intention was not, to allow some to get rich, and then use this newfound wealth / power to then go squeeze even more profits out of those left behind (which is what the CCP sees many Chinese companies to be doing today). + +Capital is meant as a tool (i.e. fuel) to enhance & accelerate society’s goals, not as an end-goal itself. Versus many Western markets, where it seems that the betterment of shareholders (and putting more money into their pockets) is often the end goal itself. If the well-being of capital must be sacrificed to ensure a better long-term direction of society (higher birth rates, affordable housing, protection of consumer data, a more free-thinking / creative education for kids vs. today’s heavy burden of rote-memorization) then in the Chinese government’s eyes, it’s a worthy trade-off. + +This is especially true if the capital to be impaired is “fueling” the wrong societal goals in the first place – such as high educational costs which discourage births, high housing prices which discourage family formation, keeping delivery drivers’ wages low so as to squeeze profits to line- shareholder’s pockets, etc. In this case, the capital wasn’t being productive anyways, so there’s no loss if the government impairs it (and sends a message to discourage future investment in these fields). + +Know The Plan + +As such, it’s crucial to understand what China’s priorities are first and thus where capital can go to support these objectives, if you want to have higher odds of investing your capital in China safely. The easiest way to understand this, is by studying China’s five year plan (this is a “blueprint” released by the government every five years, setting the goals for near-term government policies). + +In the last five year plan relating to 2021 – 2025 (meeting held in October 2020), the government discusses how it aims to become a moderately developed country by 2035 (i.e. $30,000 USD per capita). It hopes to achieve this via a focus on domestic consumption (and of domestic brands), and by continuing to close the urban vs. rural living standards gap. In terms of innovation, the tone also changes to a focus on the hard-sciences (biotechnology, semiconductors, quantum computing, space exploration, climate technology, etc), and increasing the funding provided to basic research R&D. + +So What’s The Problem? + +Over the past thirteen years, China’s GDP has slowed from ~14% y/y growth in 2007 to just over ~6% y/y today. So why is this a problem? + +Well when the overall pie is naturally growing rapidly, the country can “direct” resources (labor, capital, government policy / support) to specific areas, so that the “newly formed slices of pie” have a greater chance of forming within lagging areas (rural areas, lower-income workers, etc). You can create new prosperity for these areas, without having to take chunks from existing pieces (pieces that already belong to someone else). + +However as GDP growth slows, so too does this ability to create new opportunities for the underserved areas, without affecting the prosperity of existing participants. +Slowing growth wouldn’t be an issue if the problems were fixed during the high-growth periods – but in China’s case, the problems have actually become worse. Income inequality has in fact widened, and the IMF indicates that China not only has one of the worst levels of income inequality among Emerging Markets countries, but also one of the highest rates of worsening over the past 30 years. + +Slowing growth wouldn’t be an issue if the problems were fixed during the high-growth periods – but in China’s case, the problems have actually become worse. Income inequality has in fact widened, and the IMF indicates that China not only has one of the worst levels of income inequality among Emerging Markets countries, but also one of the highest rates of worsening over the past 30 years. + +Generally in countries that experience slow growth, as the pie stops growing, the only way to better your own family’s circumstances and get a bigger piece for yourself, is to take a chunk from someone else’s pocket. +China’s issue is that the starting line / opportunity to do so isn’t equal – those who have amassed a large piece during China’s high-growth phase (either through self-determination, or as a benefit of government support), are more advantaged and now have more power (bigger piece = more resources / access / connections = more power to acquire more pieces from others). These stronger players are always looking to grow too, and because of their advantages, naturally resources accrue to the top (“rich get richer”) rather than flowing the other way around. Hence, this leads to an even wider income gap, and requires an even stronger force (the CCP) to stop this dynamic. + +Historically one of the great equalizers and best ways to get your family better financial footing, was through education. In China (and almost all Confucius-based cultures – such as Korea, Japan, and Vietnam), education is highly prized, and the resources of the entire extended family would be pooled to support the education of a single gifted child (with the idea that when they succeeded, the entire family would as well) + + +This cultural mindset dates back thousands of years, starting with China’s Imperial Examination during the Sui Dynasty (581 AD). This grueling exam was technically open to all levels of society, and helped to promote an avenue of equality in society4. + +“The civil service examination system was an important vehicle of social mobility in imperial China. Even a youth from the poorest family could theoretically join the ranks of the educated elite by succeeding in the examination system. This assurance of success in the examinations dependent only on one’s ability rather than one’s social position helped circulate the key ideas of Confucianism... The hope of social mobility through success in this system was the motivation for going to school in the first place, whether one was the son of a scholar or a farmer... This curricular uniformity had an extremely powerful effect on Chinese society, and the major impetus for this uniformity was the meritocracy promoted by the civil service examination system.” + +If this sounds familiar, it’s because this system is very similar to the Gaokao college entrance exam used today. This exam lasts for 9 hours over several days, and this single test largely determines the rank / pedigree of the college the student is accepted into. While there are certainly valid criticisms of the test (imagine your future being based entirely on an amped up version of the SAT test available only 1x a year), it’s also regarded as the fairest way of screening talent in a population of 1.4 billion people. Regardless if you’re from a rural or urban family, a wealthy or poor family, the test results you get are still largely determined by your own ability (and not how much your family donates to a certain school) + +So given the cultural impact of the Imperial Examination, which lives on today in the form of the Gaokao, and culture emphasis on education in general, where do you think families are going to spend their resources as they grow wealthier? Especially as due to the decades long one-child policy (now abolished), all their resources are focused on a single kid? +Well on average, Chinese parents spend ~$18,000 USD per year on after-school tutoring. Considering China’s average GDP per capita is only ~$10,000 USD, it obvious that the bulk of a family’s resources are going towards their kid’s education, with additional support from the extended family and savings. +The financial pressure on families, and mental pressure on students is intense. Starting in elementary school, 60% of students are already being tutored outside the public classroom (and steadily rising in % for older students), spending several additional hours a day ultimately prepping for the Gaokao. As an example of this pressure, in 2012, images of Chinese students using IV drips to aid them in studying went viral + +But if your kid’s classmates are all using expensive after-school tutoring services, what option do you have as a family? At the end of the day, it’s a ranked test and the better your kid’s classmates perform the worse your own child ranks, so you have to play the game too. +Note: This isn’t only a China problem, but rather is prevalent across East Asia. Ten years ago, South Korea similarly cracked down on its own after-school tutoring system (i.e. “cram schools”), where over ~70% of all students are enrolled. The private tutoring sector alone was equivalent to ~50% of the total public education budget, and the extreme mental stress students faced was often blamed for the high suicide rates and low birth rates. + +It’s clear that China has taken some of the lessons from South Korea, in enacting its own policies. +This dynamic has led to tremendous pricing power among the after-school education companies, which in turn led to these profits accruing to shareholders (EDU & TAL being the most notable). In the CCP’s eyes, the majority of Chinese families are subsidizing and suffering immense pressure, just for these resources to ultimately line the pockets of the few (already wealthy) shareholders. The government sees this as a form of rent-seeking, without adding value to society (it’s a zero-sum game). +It’s also because of this immense financial pressure, that China’s population is declining. It’s an issue for the country, since a smaller working population needs to support a bigger retiree population (who historically, have relied upon offspring as a retirement policy, and elders often live with their adult children). +This despite the one-child policy being modified to a two-child policy in 2015, raising the limit to three-children on May 31, 2021, and being completely abolished just a few weeks ago on July 20, 2021 + +Combined with this, China’s housing prices have also risen astronomically over the decades. There are several reasons for this, including rising prosperity + capital controls & distrust of local stock markets, meaning that excess savings are invested into real estate. Whatever the case, the fact is that home prices have risen ~8% y/y over the last 20 years, and even more in Tier 1 cities (Beijing, Shanghai, Guangzhou, Shenzhen). The rise in home prices have also outpaced the rise in incomes – thus making home-ownership (a cultural prerequisite for marriage in China) ever- harder6. +Housing prices are also intertwined with education, since where you live determines where your kids go to school (much like public schools & property taxes, in the United States). Families in Tier 1 cities are buying up 800sqft shanty apartments for over $1 million + additional renovation costs, just to ensure their (unborn) child will be able to go to a good public school + +High child raising costs, high property costs, and long working hours (9am-9pm, 6 days a week, i.e. “996”) in many tech companies, are creating a unsustainable life for the middle class. These factors are all why marriage and birth rates continue to fall. +So what’s the cultural reaction to this high-pressure, rat-race lifestyle among the younger generations? To give up and “lie-flat” (“躺平”)... The younger generations no longer have the optimistic hope in a better future, and a belief in upward mobility that their parents did during China’s previous decades of meteoric growth7. + +Many Chinese youth are choosing to leave this rat-race, forgo marriage / children, have lower ambitions, move out of expensive Tier 1 cities back to their hometowns or countryside, and prioritize their own time / freedom over material possessions. +Of course, this new trend also worries the CCP, as it creates a negative virtuous cycle, which affects the productivity and future trajectory of society as a whole (especially as China’sgovernment has global leadership ambitions). In fact, the trend is so concerning that the phrase “lie-flat” itself is censored by China’s internet regulators. + +So these are just some of the issues that China’s government are trying to tackle. And viewed through this lens, it’s easy to see that these recent actions are about fixing China’s internal problems, rather than purposefully trying to harm foreign investors (they’re the collateral damage). The country is trying to steer capital towards the fueling the right areas, where it views it’s most needed for advancement and betterment of the country. + +China is a state capitalist system, which by definition, capital is meant as only a tool to serve the interests of the majority of society. Especially with President Xi’s historic 3rd term re-election coming up in 2023 (China’s two-term presidential limits were abolished in 2018), the government is especially cognizant of trying to enact these fixes in a timely manner (which have been generally well-received by China’s broader population in recent weeks). + +If you plan on investing in any foreign countries, you first need to understand the history, culture and context of its people first. This is especially important in China, where the state has greater control over the economy, and the health of the capital markets will always play a subservient role to the greater needs of society at large. Hopefully by providing this background, other investors will at least understand the “rules of the road” better while searching for investments in China. + +Credit goes to Hayden Capital, they are about 65% invested in Asia, and the post i quotes is from [there quaterly letter found here](http://www.haydencapital.com/wp-content/uploads/Hayden-Capital-Quarterly-Letter-2021-Q2.pdf?utm_source=Hayden+Capital&utm_campaign=fefbd0ca3b-EMAIL_CAMPAIGN_2020_02_12_COPY_01&utm_medium=email&utm_term=0_aae4c81ce6-fefbd0ca3b-371858787) + +[r/baba](www.reddit.com/r/baba) +✅ Private sale successful, DxSale presale page is on-line! +✅ Next goal: Marketing the DxSale and TipTok telegram to get 10K members BEFORE launch. +TipTok is best described as “The Cryptocurrency for Social Media”. +TipTok is a community-driven DeFi Token powered by Binance Smart Chain network. Its main utility is to be used to facilitate worldwide transactions instantly between content creators and fans. Think of it as the Patreon of Crypto. The best way to interact with fans, participate in giveaways and support your favorite causes & content creators. +✅ Soon a Registered Company +TipTok is being created by experienced Devs. +They currently have a Creative Team consisting of; +🔳 20+ developers and graphic designers +🔳 20+ Marketing Team members +TipTok aims to build an ecosystem around the TipTok token. +This ecosystem will comprise Phases 1-6 which will include; +🔳 TipTok Wallet +🔳 TipTokSwap +🔳 The Most Radical Financial Experiment in Human History (a new token) +🔳 TipTok NFT Marketplace +🔳 TipTok TOP 100 +🔳 The First Decentralized Social Platform. +Read our roadmap for more information. Join the movement and be part of something great. +❎ Daily TG updates +❎ Weekly Twitch AMAs +❎ CoinGecko & CoinMarketCap coming soon +❎ Techrate audit on it's way +❎ Massive Social Media Campaigns incoming +❎ Significant partnerships with Major TikTok creators in the works +For Fans; +⬜ Use TipTok tokens to tip Content Creators, reward creativity, buy them gifts and show appreciation for their work. +⬜ Receive TipTok tokens for participating in giveaways. With the TipTok tokens, fans worldwide can participate and win giveaways without the hassle of having to consider expensive currency exchanges or complex online transactions. +⬜ Use TipTok token as a store of value, for day trading or long term investing, receive passive income via the token redistribution function. +⬜ Support Projects you like and donate to your favourite causes. + + +For Content Creators; +⬛ Get rewarded by fans for your efforts/creativity +⬛ Engage with fans worldwide by organising crypto giveaways +⬛ Hop over platform fees and avoid high platform taxes +⬛ Organise and promote good causes and have fans worldwide contribute +⬛ Earn passive income by holding TipToks you receive from fans +⬛ An additional source of income +Total Supply: 1 Quadrillion +💎 0-50k Holders 💎 +7% Into Liquidity Pool to stabilise price action 🔥 +2% Redistribution to Holders +1% Into Marketing Wallet +💎 50k-100k Holders 💎 +4% Into Liquidity Pool +5% Redistribution to Holders +1% Into Marketing Wallet +💎 More than 100k Holders 💎 +2% Into Liquidity Pool +7% Redistribution to Holders +1% Into Marketing Wallet +🐳 Anti-Whale Mechanics 🐳 +Max Hold = 1% of total supply. +Max Sell = 0.5% of total supply + 2hour timer (first token to implement this function) +🌐 [https://tiptok.finance (https://tiptok.finance/)](https://tiptok.finance (https://tiptok.finance/)) +💬 [https://t.me/tiptoktoken](https://t.me/tiptoktoken) +🕊️ [https://twitter.com/TipTok_Token](https://twitter.com/TipTok_Token) +The [CPI](https://www.bls.gov/news.release/cpi.nr0.htm) is out and shows inflation slowing. The increase was 0% month-over-month, and 8.5% year over year. June had shown 9.1% year-over-year. The gasoline price index is down 7.7%. + +While the move downwards is small, it does signal inflation is cooling. +Capitalist countries tend to be very responsive towards crises , allowing them to be better at handling the bust part of the cycle. Capitalists boom and bust but then rebound. + +Disasters like the Great Depression were overcome when their capitalists countries rebounded. When socialist countries face similar crises the tend to fail entirely. +I’m by no means a tin foil hat type but the events of the last few years and ongoing inflation, supply chain issues etc. have had me thinking about being much more prepared. + +To some prepping is some extra canned food in the basement, while some ultra-Fat have off-grid bunkers in New Zealand. + +So far I have installed a power generator that can run my whole house, have about 2 weeks of canned food and supplies and holding a reasonable amount of physical gold bullion. I know this is super basic so looking for a bit advice for ways I can improve it. + +Most hardcore prepping feels a bit too kooky, time intensive and very much DIY. + +What’s a good way to be more prepared without turning this into an identity or lifestyle? Any “prepping in a box” that that would give me most of what I need with minimal time and effort? +I used to like this sub because it let me know that there are other people fighting to raise themselves up, just like me. You could find tips on all sorts of subjects and generally helpful posts. But the second someone posts something about how to save money and dig yourself out, everyone seems to lose it. I get that not everyone can save money, but the point is for you to eventually work your way to a point where you can. I am one of those people. There was a time where my wife and I only ate because we both worked at McDonald's. All the food we bought for the house was for the kids. There was no money left. We could barely pay rent. So we both started working towards goals of moving up and out. My wife made it out first. She went from the grill girl to being the area supervisor of 4 different stores. Took 9 years, but it happened. I'm now comfortable in a grocery manager position that pays $17.50 hr. I guess what I'm saying is that nobody should paint themselves into a corner and accept defeat. I'm a high school dropout with no formal education, and my wife has done things even I didn't realize were possible to move up. I took a fuck ton of work, and 11 years altogether, but its slowly paying off. Don't knock someone for having high goals and making it happen, just be there for each other and support others. This sub gave me lots of encouragement many times, but I just hate to see all the negative energy being put out. Thanks for coming to my TED Talk. + +Edit: I just came home from work and had no idea how much this would blow up. Didn't mean to start a war. I get that there are truly some unavoidable situations such as deaths and disasters and disabilities that will truly fuck you over. In those cases it's almost impossible to make it without help. But for anyone who doesn't fall into that category, I personally feel that if you truly put forth real effort to make positive change, you can make your life better. And for those complaining that I'm generalizing, yes i am. There are a lot of good and helpful posts and comments. In fact, they're the majority. But don't rain on someone's parade because you're pissed about your situation. It's totally cool to even make a post to vent those frustrations out to the world. Get it off your chest. Everyone needs to at some point. But you can also take that same energy after you've vented and put it to work for you. Make a positive change. You're going to fail at many points. Its inevitable. But eventually you will find your way out. Stay positive. + +Final edit: since it has been pointed out that I have not given enough actual advice, message me if you want to. I truly don't mind helping if I can. And on the off chance you live in the Amherst, VA area, I'm looking for grocery stockers to hire. Just putting it out there just in case. +Obviously I won't say the name of the bank but it's one of the biggest in Europe. + +Few months ago we got a communication saying we were forbidden to buy and trade cryptos because they're not regulated and we could easily get involved in criminal activities (lol). By the way, we must have no legal records, if we commit any crime, we get fired. To prevent this situation, the bank said they would automatically block our accounts from sending money to crypto exchanges. + +Officially, the bank statement said it was a decision made to protect its employees. + +However, i still buy crypto, i just use another account from another bank. + +Now we got a new communication about social network behavior. We are not allowed to say anything racist or violent on internet or any social network, even with our personal profile. + +The strange thing is that in this communication they included "talking about cryptocurrencies and spreading news about unregulated markets" which is totally not related to racism or violence (?!). + +I wonder if they are breaking any law, is there someone who knows anything about European union laws? + +Edit: +Today I met the hr, I posted an update in this thread but I guess it got lost in the thousands of comments. If I find it back, I'll copy it here. +PinkPanda was just listed on CMC this morning! What a well deserved accomplishment for this team and this community. I’ve never been a part of a coin I believed in as much as I do PinkPanda. The team is as transparent and as active as I’ve ever seen. They are always in the telegram answering questions. I’ve seen some telegrams where people get banned just for asking something in the chat. Here the mods and dev team take time to answer everybody’s questions. Also, the founder is doxxed and regularly jumps into the voice chat for AMA’s. + + +The roadmap is stellar. Not generic, but real forward thinking goals and plans to help meet needs in the market place. The team is planning a 5x leveraged mobile DEX. I really do believe this is going to change the way people trade on BSC and open up the space to so many new crypto investors. The potential seems limitless. + + +So far the team is on track with the roadmap, hitting goal after goal. The mobile app that will later include the DEX is already out, and they’ve already released one update for it. Pretty impressive for a coin that’s only been out for 3 weeks. + + +The community is like none other. Panda Army is strong. They believe in this project, and for good reason. The team inspires trust, the project is as solid as it gets, AND this coin donates to cancer charities. There has already been a $1000 donation to the American Cancer Society and a 2 ETH donation to the Go2Foundation for Lung Cancer. I know it is a cause personal to the founder and to many of us. It’s no wonder that so many people are so passionate for this project. + +With the CMC listing today the coin seems to be moving nicely and is poised for another run soon. + +&#x200B; + +Tokenomics + +&#x200B; + +\-1 quadrillion total supply + +&#x200B; + +Breakdown: + +&#x200B; + +\-50% burned (500T) + +&#x200B; + +\-20% presale (200T) + +&#x200B; + +\-20% initial liquidity (200T) + +&#x200B; + +\-5% charity and community airdrop wallet (50T) + +&#x200B; + +\-5% dev and marketing (50T) + +&#x200B; + +Taxes: + +&#x200B; + +\-5% of each transaction auto-locked in liquidity on Pancakeswap + +&#x200B; + +\-5% of each transaction automatically redistributed to PinkPanda holders + +&#x200B; + +&#x200B; + +Telegram: https://t.me/PinkPandaDefi + +Twitter:@PinkPandaDefi + +Website: https://pinkpanda.finance + +Reddit: r/PinkPanda + +Buy on Pancake Swap: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x631e1e455019c359b939fe214edc761d36bf6ad6 + +Contract: 0x631e1e455019c359b939fe214edc761d36bf6ad6 +I see a lot of complains on the daily about Binance fees being too high yet nothing is done about it. Everyone here knows that social media is a very strong platform to get things done. Can we all come together and tweet or use whatever social media platform to reduce those fees? + +I'm not very good with coming up with those stupid hashtags, but maybe something like #BooBinanceFees + +Main Binance Twitter Account: + +https://twitter.com/binance_2017 + +CEO Binance Twitter Account: + +https://twitter.com/cz_binance + + +Suggestions for hashtags on Twitter: + +* #BooBinanceFees +* #FairWithdrawal +* #WithdrawalForAll + + + +Edit + +Obligatory thanks for the gold! And I can't believe this blew up as much as it did. Hopefully we can get some progress on this! + +**Edit 2:** + +I think we should use the hashtag **#BinanceFees** + +**Simple and too the point. Lets get to putting this all around social media!** +What is given below is the learning I have till now when I investigated about my options for getting a term insurance. This is the study I have done till now and there is a huge probability that I have missed some points. Please give your feedback/pointers both in favor and against the points that I have presented below + +\_\_\_ + +&#x200B; + +With various restrictions in place by IRDA, there are not many advantages of paying a premium to large ‘reputed’ companies for their insurance cover. Let us analyze various concerns you might be having + +&#x200B; + +* **Insurance companies will find a way for exclusions** + +Do investigate under which all circumstances they could reject a claim. But unlike health insurance, life insurance is simple- either you are dead or not dead. Even suicide is covered after 1-3 year of policy depending on the policy (Just proving a point. Not that I am advocating it) + +Note: By adding the riders like accidental death which is hard to prove, we make it complicated. So better to treat life insurance in its original form and get a separate insurance for other needed covers. + +&#x200B; + +* **Small companies will reject my claim no matter what** + +This is not true. According to [Insurance Laws (Amendment) Act 2015 Section 45](https://www.irdai.gov.in/ADMINCMS/cms/frmGeneral_Layout.aspx?page=PageNo3476&flag=1) + +“No policy of life insurance shall be called in question on any ground whatsoever after the expiry of three years from the date of the policy, i.e., from the date of issuance of the policy or the date of commencement of risk or the date of revival of the policy or the date of the rider to the policy, whichever is later” + +This means, after 3 years, even if they find that some information is not correct in the form you submitted, they can’t reject the claim. + +So, ensure that you provide correct information to the best of your knowledge when you take a life insurance. But no need to worry about claims getting rejected because you missed to cross a ‘t’ in your form. + +&#x200B; + +* **They will make us wait a long time to settle** + +They cannot. As per the regulation [14 (2i) of the IRDAI Policy holder’s Interest Regulations 2017](https://www.irdai.gov.in/ADMINCMS/cms/frmGeneral_Layout.aspx?page=PageNo3191&flag=1), companies need to settle the claims within 30days of receipt of the documents. If they require further investigation, they need to do it in 90 days. + +So there also the maximum one needs to wait is 90+30 days. Some companies provide features like giving interest on the assurance amount from the date of receipt of all the required documents. But is 30 days maximum interest worth all those extra premiums? + +Insurance broking companies like policybazar, coverfox etc. have representatives in major cities who will be able to do the documentation on our behalf in case of any claim. They will be able to guide us in getting the needed documentation thus decreasing the chances of delay. + +&#x200B; + +* **What if the insurance company gets closed?** + +Sections 35, 36 and 37 of the Insurance Act provide guidelines of amalgamations and transfers of insurance business. As per this, an insurance company just cannot exit the business. It can only merge with other companies and that too with certain conditions thus protecting our insurance cover.They are also required to keep the solvency ratio of 1.5 which means if the company gives 100Rupees cover, they need to keep aside 150 Rupees (see note), thus ensuring that the company will be able to provide the insurance money. + +Note: + +* Solvency ratios in insurers is (Net Income + depreciation)/Liabilities. So example is not 100% accurate, but an approximate. +* You can check the history of [Aegon Life](https://en.wikipedia.org/wiki/Aegon_Life_Insurance_Company) & [IndiaFirst insurance](https://en.wikipedia.org/wiki/IndiaFirst_Life_Insurance_Company) on how the partners exited the business, merged with others etc. due to business and regulatory reasons. + +## Conclusion + +These arguments are based on the rules as of today and is subject to change it future. But historically, the rules get stricter and not the other way around. So, it is safe to assume that there is no real advantage of going with the company with good names. What you may consider is the solvency ratio and the customer service +Case and point - Invested 5k€ in eToro in Jan '20 which was the equivalent of 5.5k$. + +Closed my position this month with ~27% profit _(credit goes to the market)_ which translates roughly to 7k$. + +My issue is that when I exchanged the 7k$ back in €, I only got 5.8k€ which is actually only 16% return. This was due to the fact that the dollar depreciated against the € since Jan '20. + +This is something I did not take into consideration when I opened my positions in $. + + +So how do you hedge against this? + +One thing I'm thinking about is not investing in $, but the downside I'm seeing is that some companies are not on the European markets. +I found out my old employer withdrew 20K suddenly after 6 years later I left the company. I called them and they said I was not fully vested because I only worked a year and a half. All the company match up contribution was taken since I left before 2 years of employment. Is this possible after I left 6 years ago and they just found out? What if I had rolled over the account to the other one before they found out? Were they still able to claim it? +Hedgies aren't making this a fair game. They will continue to play unfairly. Unfortunately, the referees in this game are either useless, in someone's pocket or both. It is therefore up to us to sort this out ourselves. + +To all those thinking everyone else will DRS and there's no need for you to bother, you're the exact person I'm talking to. As a collective we can do this. But people need to stop being so naive thinking it'll just get done for them. +**TL;DR** To all the shills screaming "SuPeRsToNk iS lItErAlLy QaNoN", here is a complete list of market manipulation tactics used by Hedgies so far as documented by PhDs, professors, CEOs, and people that are generally in all accounts way smarter than you. Enjoy. **💎🙌 🚀** + +\------------------- + +As shills and FUD posts continue to attack apes on their personal decisions to hold GME shares, I feel that it is necessary to create a central hub displaying every market manipulation tactic used by hedge funds in this GameStop Saga so far. To be absolutely honest, the mere fact that there are shills that care so much about other people's personal financial decisions is basically proof that the GameStop situation is **not** over. That being said, I understand that there are people suspicious of r/Superstonk and that actions by certain members in this subreddit is definitely not helping. If there are any journalists willing to report on this incident, this can be a good place to start researching as well. + +This compilation will start with the overall thesis on Naked short selling, the influence of the DTCC, and then go on in a somewhat chronological order of the discovered tactics. + +# Naked Short Selling + +Top of the list is obviously the book Naked, Short and Greedy by Dr. Susanne Trimbath. Below is a link to buy her book. + +* **Naked, Short and Greedy— Wall Street's Failure to Deliver** + * [https://spiramus.com/naked-short-and-greedy](https://spiramus.com/naked-short-and-greedy) + +If you are interested in the impact of Naked short selling on proxy voting, here's an article recommended by Dr. Trimbath during the Superstonk AMA. It was written by Bob Drummond and published in *Bloomberg Markets*. + +* **Corporate Voting Charade** + * [https://web.archive.org/web/20060421085925/http://www.rgm.com/articles/FalseProxies.pdf](https://web.archive.org/web/20060421085925/http://www.rgm.com/articles/FalseProxies.pdf) + +And of course, here's the link to the AMA interview with Dr. T herself. + +* r/Superstonk **Live - Dr. Susanne Trimbath, PhD - April 29, 2021** + * [https://www.youtube.com/watch?v=fGVY2Kco8ng&t=2451s](https://www.youtube.com/watch?v=fGVY2Kco8ng&t=2451s) + +If you simply want a fairly concise version of what is naked short selling, here is an article published in *The Journal of Trading* by Robert Brooks and Clay M. Moffett. You should be able to finish this in around 45 minutes. + +* **The Naked Truth: Examining Prevailing Practices in Short Sales and the Resultant Voter Disenfranchisement** + * [https://csbweb01.uncw.edu/people/moffettc/about/Research%20Papers/IIJ-JOT-BROOKS.pdf](https://csbweb01.uncw.edu/people/moffettc/about/Research%20Papers/IIJ-JOT-BROOKS.pdf) + +If you prefer to listen to a business CEO instead of an academic, here's a lecture recorded by Patrick Byrne, CEO of [Overstock.com](https://Overstock.com). + +* **Dark Side of the Looking Glass -- UNCUT and intact audio** + * [https://www.youtube.com/watch?v=qtkaMx12otQ&t=2323s](https://www.youtube.com/watch?v=qtkaMx12otQ&t=2323s) + +And here's a basic 4-minute video explaining what is Naked short selling by Patrick Byrne. + +* **Patrick Byrne: What is Naked Shorting?** + * [https://www.youtube.com/watch?app=desktop&v=BdBe5\_8z53A](https://www.youtube.com/watch?app=desktop&v=BdBe5_8z53A) + +If you prefer to watch documentaries instead, here's a documentary laying out the basics of Naked short selling directed by Kristina Leigh Copeland. Must watch if you have no idea what's going on. + +* **The Wall Street Conspiracy Full Movie Free Online With Permission of Owner.** + * [https://www.youtube.com/watch?v=Kpyhnmd-ZbU](https://www.youtube.com/watch?v=Kpyhnmd-ZbU) + +If you prefer to read blog posts instead, here's a series of blog posts written by Larry Smith, someone who has worked on Wall Street for nearly 30 years. + +* **Part 1 in a Series of Reports on Blatant, Widespread Stock Manipulation that is Enabled by Illegal, Naked Shorting** + * [https://smithonstocks.com/part-1-in-a-series-of-reports-on-blatant-widespread-stock-manipulation-that-is-enabled-by-illegal-naked-shorting/](https://smithonstocks.com/part-1-in-a-series-of-reports-on-blatant-widespread-stock-manipulation-that-is-enabled-by-illegal-naked-shorting/) + +If you want a super technical explanation on how profitable Naked short selling and general manipulative short selling behaviours are, here's a paper written by Professor of Finance at Fordham University, John D. Finnerty. This paper is reposted by the SEC itself. + +* **Short Selling, Death Spiral Convertibles, And The Profitability of Stock Manipulation** + * [https://www.sec.gov/comments/s7-08-08/s70808-318.pdf?fbclid=IwAR25gnSvXR0Fo0FCVrzlgmnwiN4MikTgxAKU5jQFBLNQ\_\_GEzvYAtPFB7cI](https://www.sec.gov/comments/s7-08-08/s70808-318.pdf?fbclid=IwAR25gnSvXR0Fo0FCVrzlgmnwiN4MikTgxAKU5jQFBLNQ__GEzvYAtPFB7cI) + +For some bonus sources, here is a letter to the SEC written by Dr. Jim DeCosta talking about Naked short selling abuse. Full letter here. + +* **Letter by Dr. Jim DeCosta** + * [https://www.sec.gov/comments/s7-08-08/s70808-428.pdf](https://www.sec.gov/comments/s7-08-08/s70808-428.pdf) + +# DTCC + +If you want to know all about the DTCC and how you don't actually own the stocks that you have, here's a paper written by Prof. David C. Donald, + +* **The Rise and Effects of the Indirect Holding System: How Corporate America Ceded Its Shareholders To Intermediaries** + * [https://www.ilf-frankfurt.de/fileadmin/\_migrated/content\_uploads/ILF\_WP\_068.pdf](https://www.ilf-frankfurt.de/fileadmin/_migrated/content_uploads/ILF_WP_068.pdf) + +# Short Ladder Attacks (aka Wash Trades) + +One of the first uncovered tactics (allegedly) used by hedge funds are Short Ladder Attacks. For months shills have claimed that Short Ladder Attacks do not exist and are created by "Wall Street Bet conspiracy theorists". Turns out, we simply got the name wrong— Short Ladder Attacks are actually called Wash Trades. The only reason I added "allegedly" is because Wash Trades are, in fact, very illegal. + +* **Wash Trading** + * [https://www.investopedia.com/terms/w/washtrading.asp](https://www.investopedia.com/terms/w/washtrading.asp) + +Here is ex-Citadel employee Dave Lauer confirming that wash trades could happen. + +* **AMA with** u/dlauer **from earlier today. 🚨awesome interview🚨 All the short ladder attacks we've been talking about, price manipulation? Yup. So amazing to have a true wrinkle brain let us know what's going on. I highly recommend you watch the full video. Thanks** u/jsmar18\*\*.\*\* + * [https://www.reddit.com/r/Superstonk/comments/n5svjw/ama\_with\_udlauer\_from\_earlier\_today\_awesome/](https://www.reddit.com/r/Superstonk/comments/n5svjw/ama_with_udlauer_from_earlier_today_awesome/) + +Edit: Now, we have evidence that Wash Trades exist, we have evidence that Wash Trades could technically happen in Citadel. But do we have evidence that Citadel actually committed Wash Trading? Now, we don't know if they did this time, but we *definitely know* that they have committed Wash Trading *in the past*. Here is some direct evidence. Citadel was fined a grand total of $115,000 on 1/9/2014 for alleged Wash Trading. Check out Disclosure 40 in this document. (Credits to u/[scienceismydogma](https://www.reddit.com/user/scienceismydogma/)) + +* **BrokerCheck Report— Citadel Securities LLC** + * [https://files.brokercheck.finra.org/firm/firm\_116797.pdf](https://files.brokercheck.finra.org/firm/firm_116797.pdf) + +\------------------- + +**It is important to note that all of the following allegations came up** ***after*** **the 28th of Jan. This is concrete proof that the GameStop situation is** ***not*** **over and that shorts have** ***not*** **covered.** + +# Shorting Through ETFs + +Shills are quick to jump in and say things like "tHeY'rE uSiNg OlD dAtA" when it comes to the GME Short Interest. But what if they're not shorting GameStop directly but indirectly through ETFs that *contain* GME? What if hedgies have gone so desperate that they are shorting the entire Russell 2000? Here is a paper written by Prof. Richard B. Evans, a professor from the University of Virginia. Interestingly, his last edit was in March of 2021 to include in the GameStop situation. + +* **ETF Short Interest and Failures-to-Deliver: Naked Short-Selling or Operational Shorting?** + * [https://papers.ssrn.com/sol3/papers.cfm?abstract\_id=2961954](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2961954) + +If you prefer to watch lectures instead, here's a lecture Prof. Evans did on the same paper. + +* **ETF Short Interest and Failures-to-Deliver: Naked Short Selling or Operational Shorting?** + * [https://www.youtube.com/watch?v=ncq35zrFCAg&t=1641s](https://www.youtube.com/watch?v=ncq35zrFCAg&t=1641s) + +And here are the ppt slides for the lecture. + +* **PowerPoint Slides** + * [https://jacobslevycenter.wharton.upenn.edu/wp-content/uploads/2018/09/Evans-Slides.pdf](https://jacobslevycenter.wharton.upenn.edu/wp-content/uploads/2018/09/Evans-Slides.pdf) + +# Hiding/ Resetting FTDs in Deep ITM Options + +This is a more technical theory that claims Market Makers are hiding/ resetting FTDs through deep ITM options. Personally, I'm not an options expert, so I haven't been following this theory this closely. But you know who *is* an expert on this theory? John W Welborn at Dartmouth College. You know who else is an expert? The bloody SEC. Here are their papers. + +* **Married Puts, Reverse Conversions and Abuse of the Options Market Maker Exception on the Chicago Stock Exchange (John W Welborn)** + * [https://www.deepcapture.com/wp-content/uploads/2007.10.09-J-Welborn-Married-Puts-and-Reverse-Conversions.pdf](https://www.deepcapture.com/wp-content/uploads/2007.10.09-J-Welborn-Married-Puts-and-Reverse-Conversions.pdf) +* **Strengthening Practices for Preventing and Detecting Illegal Options Trading Used to Reset Reg SHO Close-out Obligations (SEC)** + * [https://www.sec.gov/about/offices/ocie/options-trading-risk-alert.pdf](https://www.sec.gov/about/offices/ocie/options-trading-risk-alert.pdf) + +# Buying Shares in Dark Pools & Selling Them in the Open Market + +This theory suggests that Money Makers and Hedge Funds (allegedly) buy shares in Dark Pools like the FADF, and then selling them in the open market, thus suppressing the price of GameStop. The original evidence can be found here in this Reddit post. + +* **Sells through the major exchanges. Buys through the FADF - a dark pool.** + * [https://www.reddit.com/r/Superstonk/comments/mpebkz/sells\_through\_the\_major\_exchanges\_buys\_through/](https://www.reddit.com/r/Superstonk/comments/mpebkz/sells_through_the_major_exchanges_buys_through/) + +Now, are there any credible individuals or groups who support this claim? Shills are quick to draw a literal dark pool in a meme and laugh at it on r/gme_meltdown. Dennis Kelleher, CEO of the non-profit group Better Markets, risked his reputation to file an amicus brief against Citadel. You can find it here. + +* **Better Markets Amicus Brief in Citadel v. SEC** + * [https://bettermarkets.com/sites/default/files/Better%20Markets%20Brief%20in%20Citadel%20v.%20SEC.pdf](https://bettermarkets.com/sites/default/files/Better%20Markets%20Brief%20in%20Citadel%20v.%20SEC.pdf) + +# Payment for Order Flow + +After all the market manipulation we have seen, the problem of Payment for Order Flow seems oddly insignificant. Personally, I believe that the only reason this was brought up in the hearing was to purposely ignore the many elephants in the room. But if anyone is interested, here's the testimony of Dennis Kelleher from the second GameStop hearing. + +* **Testimony of Dennis Kelleher Before the U.S. House Committee on Financial Services Hearing: “Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide, Part II”** + * [https://bettermarkets.com/sites/default/files/Kelleher%20HFSC%20Testimony%20GameStop%20Hearing%203-17-2021%20FINAL%20%282%29.pdf](https://bettermarkets.com/sites/default/files/Kelleher%20HFSC%20Testimony%20GameStop%20Hearing%203-17-2021%20FINAL%20%282%29.pdf) + +# Bonus Material + +Apart from the above (alledged) tactics, there are many more that we simply can't prove. The reason for restricting the buying of GME and many other "meme stocks" by Robinhood, the collusion with the media to pump up other unrelated investments and to reduce the attractiveness of GME, and many more. But as a bonus piece, here is the host of CNBC show *Mad Money*, Jim Cramer, bragging on live TV how he and other hedge funds manipulate the stock market. + +* **Jim Cramer explaining the basics of stock market manipulation** + * [https://www.youtube.com/watch?v=8DJlogbrDcA](https://www.youtube.com/watch?v=8DJlogbrDcA) + +And here is Robinhood CEO, Vlad Tenev, lying under oath when asked about liquidity problems. + +* **GameStopped Hearing May 6th -did Vlad Tenev of Robinhood commit perjury during the Feb 18 hearing?** + * [https://www.youtube.com/watch?v=j0CSzev8T4Q](https://www.youtube.com/watch?v=j0CSzev8T4Q) + +For a full list of how malicious actors control internet forums, here's a post that details it. (Credits to [u/TheGoombler](https://www.reddit.com/user/TheGoombler/) for making the post and u/[DishwashingUnit](https://www.reddit.com/user/DishwashingUnit/) for reminding me.) Of course, no academic can confirm this, but you could basically tell by yourself that these tactics do work. + +* **PUTTING SHILLS ON BLAST, A CONCERNED /BIZ/NESSMAN HAS COME TO SNITCH ON HEDGIE SPYS. MORE INSIDE.** + * [https://www.reddit.com/r/Superstonk/comments/mscsb5/putting\_shills\_on\_blast\_a\_concerned\_biznessman/](https://www.reddit.com/r/Superstonk/comments/mscsb5/putting_shills_on_blast_a_concerned_biznessman/) + +Now, ok. A list of forum manipulation tactics isn't really actual evidence. Do we have actual evidence of bots infiltrating subreddits? Yes! Here are screenshots of bots pumping up obviously fake stocks with tickers such as $SSR, $CUM, and $ASS. + +* **WSB shill bots think SSR is a ticker and are spamming it🤣🤣🤣** + * [https://www.reddit.com/r/GME/comments/lxo166/wsb\_shill\_bots\_think\_ssr\_is\_a\_ticker\_and\_are/](https://www.reddit.com/r/GME/comments/lxo166/wsb_shill_bots_think_ssr_is_a_ticker_and_are/) +* **LADIES AND GENTLEMEN, WE GOT EM** + * [https://www.reddit.com/r/GME/comments/ly07ap/ladies\_and\_gentlemen\_we\_got\_em/](https://www.reddit.com/r/GME/comments/ly07ap/ladies_and_gentlemen_we_got_em/) +* **Ass and Twitty** + * [https://imgur.com/gallery/q4GECmh](https://imgur.com/gallery/q4GECmh) + +Last but not least, for those who would like to "know thy enemy" so to say, here is a speech by Ken Griffin uploaded in 2013. + +* **Ken Griffin Speech - Economic Club of Chicago (ECC) - May 2013** + * [https://www.youtube.com/watch?v=9cwf-JrrE9g](https://www.youtube.com/watch?v=9cwf-JrrE9g) + +\------------------- + +I'd like to leave this post with two quotes from our boy Kenny taken directly from his speech above. + +(34:29) **"No company in America deserves the privilege of being too big to fail. None."** \~Ken Griffin + +(36:05) **"Market discipline is a really important function. When companies are poorly managed, they fail. And that releases the resources that are trapped in poorly running businesses to explore and undertake new opportunities."** \~Also Ken Griffin + +Well Kenny, let's just say that a lot of your resources will be going to be used to "explore and undertake new opportunities." And as you've said, "No company in America deserves the privilege of being too big to fail." + +\------------------- + +This is, of course, by no means an exhaustive list. **If anyone has any other important sources feel free to put them down in the comment section.** To the GME sceptics, now you have it. To all the journalists, now is the time to do your job. + +Peace out. **💎🙌 🚀** +My gf (21F) is a lovely human being who I (23M) was lucky enough to move in with 6 months ago when she got a new job. We both moved out from our parents houses to live together. She was on $40k/yr receptionist job but now is on $60k/yr receptionist job. She dropped out of uni at 19 (she completed 1 year of uni) and has HECS debt of \~$12k and a $15k car loan. I on the other hand have a $50k HECS debt but on a $100,000 salary with relatively passive side hustles earning me another $10,000-$15,000 a year, with $100,000 in investments. + +She regularly complains how her adult sister (another sister) makes $90k/yr and is terrible with money and often tries to advise her how to manage her money and save money. Provided my gf gives okay advice to her sister. + +Last night she was upset because after all her Christmas Gift Shopping, she has $2,500 left to her name and she wanted to go visit her family in QLD from NSW and then bring her teen sister from QLD to NSW for a mini holiday. She ended up purchasing the tickets for $500. + +My concern is, after 6 months on a $60k/yr job she has only $2k left. She is fairly hard headed and despises being helped. She wants to be seen as the well put together person who gives helps, not receives it. However, I am worried we won't be able to achieve basic couple goals like purchasing a home or starting a family (both which require a lot of money). My GF wants both of these things as well. Last week, I was at a restaurant and over heard a slightly older couple than us arguing about how she wanted to buy a home and start a family and how he continues to spend all his paycheck. I am in a similar scenario where my GF uber eats 1-3 times a week, gets takeaway once a week, impulsive buys, buys without looking deals etc. Any advice? +$DB alledgedly knew of Epstein's criminal history, but failed to prevent millions of dollars in suspicious transactions. + +Do you think this will have a long-term impact on the company's share price? + + [https://www.cnbc.com/2020/07/07/jeffrey-epstein-case-deutsche-bank-fined-150-million-penalty-for-relationship.html](https://www.cnbc.com/2020/07/07/jeffrey-epstein-case-deutsche-bank-fined-150-million-penalty-for-relationship.html) +I am posting this to provide my perspective as a Tenant who understands Landlords are getting fucked. Judge me however you wish LL's. + +I owe 8k to my landlord. I make 40 bucks an hour + OT. During Covid, OT disappeared and I honestly fucked up and did not see the freight train of less money and wound up getting behind on rent. I live in NYC and a lot goes to Child Support. + +Around November of last year I realized I could take several contracting jobs at the same time and work them remotely. This has helped me catch up and I will likely fully pay my rent obligations by the end of August. I just wrote a 6k check. My LL has been cool about it because I have been paying along the way and explained the situation and also what can they do anyways? + +My point is that the Fed should absolutely bail out LL's. The alternative is millions of homeless. A program like paycheck protection except for Landlords will have to happen or shit is going to get real crazy real fast. +If you buy a house for $30,000 and rent for $1,500 it would take you almost 2 years just to break even. So how do people become so rich by renting by properties? And how do they rent multiple properties at once when they’re not even breaking even on the first one? +Idk which one of you shared our DD with 60 Minutes, but this one sounds like it’s straight from the front page of Superstonk. It’s on at 7 P.M. EST (6 P.M. CST) on CBS. + +I'm not sure what I expect, but I plan to try and catch this segment and thought it may be something interesting for other apes as well. + +https://preview.redd.it/05me1ks12fk81.png?width=1284&format=png&auto=webp&s=7f0f619c8efe5536231f13eb88266479b737571a +I never feel like I'm saving enough. + +I make about 60k per year at my regular job and that basically gets eaten up by bills (mortgage, car insurance, gas, utilities, food, etc). Then I also work a second job almost everyday that makes me an additional 2k/month. + +I save and invest the 2000 per month from my second job, but is this good enough? And at what cost? I never have any free time and I feel like I'm wasting my life. + +I am 30 years old, fwiw. +How much are you all saving and at what age? + +I just feel like by the time the mortgage and bills are paid, there simply isn't enough left over. +If you've been browsing this Subreddit lately or are interested in Binance Smart Chain coins then you have most likely heard about $Ultra already. It's broken multiple world records since its launch, it has a doxxed dev team and reached $80M marketcap in under 3 days. + +&#x200B; + +Even though the market has dipped the past week, ULTRA remains strong as new and old investors alike are flocking to buy more coins, preparing for the eventual take off once BTC resumes being bullish. + +&#x200B; + +Why are so many people accumulating Ultra, and why you should too: + +&#x200B; + +During the last AMA with the devs, they confirmed that huge marketing is starting next week, including Mainstream Media publications, crypto influencers, tiktok influencers (one with 8.8M followers!), Billboards in the US, plane banners, etc. This is just marketing wise - multiple other things are in the works such as an LLC for the coin which is required for large CeX listings. Another exciting development is the V3 Website which is due for release in 8-10 days - the devs are aiming to make it the best looking website in the Crypto sphere. + +&#x200B; + +The first part of marketing which is just the start is already out: there's currently a live billboard with UltraSafe in New York, Time's Square: + +&#x200B; + +[https://twitter.com/UltraSafeBSC/status/1398764943089016832](https://twitter.com/UltraSafeBSC/status/1398764943089016832) + +&#x200B; + +With so many more things dropping in a relatively short amount of time it's easy to see why accumulating Ultra is a nobrainer. The coin is also rugproof: the devs are doxxed (check the website) and it's been audited 2 times (Solidity Finance and CertiK, ranking it SAFER than SafeMoon), with a 3rd audit coming out soon. + +&#x200B; + +More information here: + +&#x200B; + +[https://ultrasafe.finance/](https://ultrasafe.finance/) + +[https://t.me/UltraSafeOfficial](https://t.me/UltraSafeOfficial) +A fairly recent paper by Sylvain Catherine et al, "Social Security and Trends in Inequality" argues that the share of wealth accruing to the top 0.1% of the US population, when adjusted for Social Security benefits, has actually declined in the US. A further paper by Mathew Smith et al, "Top Wealth in America", shows that even without Social Security, inequality in the US has remained relatively flat for the last decade or so. + + [https://marginalrevolution.com/marginalrevolution/2020/03/social-security-and-trends-in-inequality.html](https://marginalrevolution.com/marginalrevolution/2020/03/social-security-and-trends-in-inequality.html) + + [http://ericzwick.com/wealth/wealth.pdf](http://ericzwick.com/wealth/wealth.pdf) + +This completely flies against the current political narrative in the United States. Your thoughts on this topic? +I'm a software developer in my 40's and for the past few years I've been wondering if maybe I should start studying economics. I follow a fair amount of pop-econ content, I like working with data, and usually think outside the box when solving problems. I don't necessarily want to get involved with finance or even to work as an economist... I just get the sense that I would enjoy it, be good at it, and if I got serious about it, maybe I might acquire some data superpowers. Data science seems like a natural progression but I'm more interested in product management, but empowered by good analysis. + +1. Am I oversimplifying, underestimating, or daydreaming or is this a reasonable idea? + +2. what's the best way to get started? Is there some viable course of study that is not university (because realistically, I'm not quitting my work to go back to college at this point)? + +I realize those are broad questions without much context but I hope it's enough. + +Thanks! +Currently, RIL is a parent company that deals in multiple sector. One of the reasons it has so received investment from big companies like Facebook is due to its growing market in telecom aka Reliance Jio. + +I read somewhere that Reliance would eventually split Jio from RIL and go for an IPO. + +As a Reliance share holder, how will that affect me? After JIO goes public, Reliance shares will lose it's value and will go down. Will Reliance compensate it by giving some shares of JIO? Will it keep a certain stake in JIO not allowing any price movement of it's own? + +I would love to hear any personal experience, not sure if any happened in recent times. +# 🥳 Greenlyght Coin Is Being Called By Every Major Legit Influencer + +&#x200B; + +🌱Greenlyght Coin is GROWING 💨 + +&#x200B; + +After hitting a 6.6m MC at launch in only 5 days u /GreenlyghtCoinOfficial (Crypto + Cannabis) has shook the paper hands and is putting their foot back on the marketing gas⛽️ + +&#x200B; + +Don’t miss the next pump🚀 + +&#x200B; + +DEV FULLY DOXED & KICKING A$$ + +&#x200B; + +Starting MC: 100K + +Current MC: 1.8m MC + +&#x200B; + +NEWS: JUST ONBOARDED A NEW BUSINESS TO OUR DELIVERY SOFTWARE APP (OUR #1 UTILITY) + +&#x200B; + +⛽️ ALL GAS ON THE MARKETING - 100 MPH + +&#x200B; + +HUGE MARKETING TODAY AND ALL WEEK 🚀 + +&#x200B; + +⚠️ Are you tired of fake projects, rug pulls and shit/meme coins? + +&#x200B; + +The Story: Greenlyght Coin and its ground-breaking technology will bring much needed real-world utilities to bridge the gap between Crypto & Cannabis. These two industries are the fastest growing industries in the world. Greenlyght Delivery Software “The Company” was founded 5 years ago and has formed into a leader in delivery software for cannabis businesses. Holders will earn 2% of all sales that go through our delivery software in the form of BUSD. Greenlyght’s entrepreneurial owner and doxed Dev has been blazing new trails in the cannabis industry for almost a decade. Make sure to check out our futuristic website to learn all about our utilities and the purpose behind our mission! + +&#x200B; + +⭐️ Five Reasons For Smart Investors ⭐️ + +&#x200B; + +1️⃣ Experienced Doxed Dev Team + +2️⃣ Delivery Software Utility w/ App + +3️⃣ Community NFT Challenges + +4️⃣ Staking Available For Holders + +5️⃣ Crypto & Cannabis are the two largest growing industries in the entire world + +&#x200B; + +💰💰 Market Potential 💰💰 + +&#x200B; + +❇️ 67% National Growth Cannabis Sales in 2021 + +❇️ $197B Expected Growth of Legal Cannabis by 2028 + +❇️ 321K Full-Time American Jobs in the U.S Currently (this number doubled since 2018) + +❇️ 91% of Americans Believe Cannabis Should be Either Medically or Recreational Legal + +&#x200B; + +Contract Addy: 0x6c93931a8ac1a94b7dde231a19a33d2a5cf3bab4 + +&#x200B; + +🌐 Website: [https://www.greenlyghtcoin.com](https://www.greenlyghtcoin.com/) ([https://www.greenlyghtcoin.com/](https://www.greenlyghtcoin.com/)) + +💬 Telegram: [https://t.me/GreenlyghtCoinOfficial](https://t.me/GreenlyghtCoinOfficial) +“This great emphasis on volatility in corporate finance we regard as nonsense. Let me put it this way; as long as the odds are in our favor and we’re not risking the whole company on one throw of the dice or anything close to it, we don’t mind volatility in results. What we want are favorable odds.” - **Charlie Munger** + +“Risk to us is 1) the risk of permanent loss of capital, or 2) the risk of inadequate return.” - **Charlie Munger** +“This great emphasis on volatility in corporate finance we regard as nonsense. Let me put it this way; as long as the odds are in our favor and we’re not risking the whole company on one throw of the dice or anything close to it, we don’t mind volatility in results. What we want are favorable odds.” - **Charlie Munger** + +“Risk to us is 1) the risk of permanent loss of capital, or 2) the risk of inadequate return.” - **Charlie Munger** +When you’re buying with dollars, euros, or pounds, everything you buy is within the 1 dollar ~ 100 dollar range. (In a supermarket, let’s say) + +However, when you’re buying with yen, everything is within 100 ~ 10000 yen. + +Why do some currencies have so many zeroes, and some have no zeroes? + +Why is it so difficult to imagine a soda bottle costing 100 dollars in USA, whereas it is normal for a soda bottle to cost 100 yen in japan? +**TLDR** + +As of the last available Retail Liquidity Program report, GME data is no longer showing up in the Tape A data at all, when it previously was available. + +*Please see Edit 2.* + +**TLDR DONE** + +The NYSE runs a program called the retail liquidity program (RLP), which marks orders as originating from retail (i.e. effectively just brokers clearly marking the prey for high frequency traders even though it’s a program that is supposed to “help” retail). + +If you’d like to know more about how the program works and who is involved, [please review my previous post from 5-6 months ago](https://www.reddit.com/r/Superstonk/comments/ofwnfd/citadels_connection_to_retail_orders_and_retail/). While it cannot be 100% confirmed without the NYSE or an insider declaring it, it is highly likely that Citadel operates as the main Retail Liquidity Provider for GME, as they are the designated market maker for GME as well. + +I archived data from the link found on [https://www.nyse.com/markets/liquidity-programs](https://www.nyse.com/markets/liquidity-programs) that’s called *NYSE RLP Performance Statistics* (it’s a downloadable Excel sheet on that page) for the dates. + +You can view the archive at [https://web.archive.org/web/2021*/https://www.nyse.com/publicdocs/nyse/NYSE_Group_RLP.xlsx](https://web.archive.org/web/2021*/https://www.nyse.com/publicdocs/nyse/NYSE_Group_RLP.xlsx) for the following dates. + +* May 7 +* Jun 17, 22 28 +* Jul 8, 12, 20, 26 +* Aug 3, 7, 16 + +I also downloaded the sheets going back to April 26th to 30th, for nearly every week through July 6 to 9th (nice!). I did this each week as they were released. + +* April 26-30 +* May 17 to 21 +* May 24 to 28 +* June 7 to 11 +* June 11 to 14 +* June 21 to 25 +* June 28 to July 2 +* July 6 to July 9 + +But after realizing I was very pleased with my investment in GME, I stopped collecting the data each week, though I wish I wouldn’t have as there is no way to go back to get it (the NYSE doesn’t publish this information in aggregate anywhere that I could find). Even though I remain pleased with my investment, I thought I would look again today and I noticed something interesting. + +**GME shows up on Tape A on the Excel sheets for ALL of these dates above. Oddly though, in the most recent download of the Excel Sheet (for December 20 to 23), GME is NOT included on Tape A at all.** You are telling me that one of the most highly traded and talked about stocks in the world for the past year simply dropped off the face of the Earth in the week before Christmas for retail? Like, not a single fucking order traded in the RLP? Not very likely in my opinion. So let’s discuss. + +Either NO SHARES OF GME were processed through the Retail Liquidity Program in the week before Christmas OR the data was removed. I look through all of the sheets I could access and found GME included on Tape A in every single one until this most recent one. + +**Why is the NYSE removing the data NOW for GME?** + +My guesses? Here are a few possibilities. + +* Retail just packed up their bag and went home this week, nobody traded GME. +* It is simply a glitch. +* Maybe someone forgot to type it in this time /s. +* GME started publishing their Direct Registration Numbers on December 8th. +* Somehow, all of the GME orders by retail this week were internalized. +* None of the brokers marked any of the orders from retail as originating from retail. +* The data was just wrong and of no use to anyone for GME specifically. + +**Which one do you think is likely?** + +I think the direct registration numbers published in the most recent Q3 report have something to do with it. + +Using the data from the RLP program, you could make reasonably good (though they would be low) estimates of how many shares retail is purchasing each week, (and then a portion of these) would then be DRS’d. **A nice direct (but LOW) estimate of how tight the noose is getting and if the NYSE is removing transparency around this program that is bullish as fuck (to me).** + +Additionally, I believe that orders for purchasing directly from Computershare for Retail are done in aggregate, so they wouldn’t show up in this program. + +Since the Retail Liquidity Program was publishing how many shares of retail orders in GME were processed each week, it would provide a look (low estimate) at how many shares RETAIL ONLY has traded each week within the program. **I don’t think it’s a stretch to say that they are simply trying to hide the data for GME as obfuscation of the data and secrecy are the hedgies primary goals, and it is in the NYSE’s financial interests to keep their volume flowing if you will.** + +I guess we will see when the next sheet comes out (also if you have access to any of the previous Excel sheets that do NOT show GME, I would love to hear about it in the comments) to see if this is just a blip or if GME isn’t included again. + +**For my part, I can’t wait until more mainstream IEX adoption/use and blockchain technology wipes these corrupt exchanges (the ones that screw retail with high frequency trading scalpers) off the face of the earth forever.** + +Edit: Fixed a typo. + +Edit 2: While my original intent was to publicly log this discrepancy (as it appeared to be a questionable deviation from previous information AND it's just hard to believe that no orders went through the Retail Liquidity Program on the NYSE), this post exploded more than I would have ever imagined after I walked away from Reddit yesterday. I checked this morning and want to point folks towards this comment ([https://www.reddit.com/r/Superstonk/comments/rtszwa/looks_like_the_nyse_removed_some_gme_data/hqwqrck/](https://www.reddit.com/r/Superstonk/comments/rtszwa/looks_like_the_nyse_removed_some_gme_data/hqwqrck/)) as I would defer to u/MarketMicrostructure's considerable expertise on the exact mechanics here and his incorporation of the BATS data. + + **I still find it very odd that there was effectively no activity within the RLP on the NYSE for GME for an entire week. My intent was simply to log this as a discrepancy and thought a few folks might find it interesting, but y'all apes sent this to the front of r/all and r/popular last night, so RIP inbox**. + +*It will remain to be seen as to whether this will become a pattern where there is a lack of willing liquidity providers on the NYSE going forwards.* I will leave the post up as is, as I don't believe publicly recording these discrepancies and being skeptical about information being reported as intended in the financial world is a bad thing. + +Cheers folks! + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +[https://www.sec.gov/ix?doc=/Archives/edgar/data/1326380/000132638021000032/gme-20210130.htm](https://www.sec.gov/ix?doc=/Archives/edgar/data/1326380/000132638021000032/gme-20210130.htm) + +&#x200B; + +https://preview.redd.it/edtkpcnazuo61.png?width=1897&format=png&auto=webp&s=42b8dfd8e48b4e20003f966e5f11736fa08f6946 + + + +"To the extent aggregate short exposure exceeds the number of shares of our Class A Common Stock available for purchase on the open market, investors with short exposure may have to pay a premium to repurchase shares of our Class A Common Stock for delivery to lenders of our Class A Common Stock. Those repurchases may in turn, dramatically increase the price of shares of our Class A Common Stock until additional shares of our Class A Common Stock are available for trading or borrowing. This is often referred to as a “short squeeze.” " + +We're right. They know it. The street knows it. + +Shitadel is saying "All buyers must sell". + +I respond "ALL SHORTS MUST COVER". +I saw another post which alluded to being realistic about where your salary fits into the wider picture, and thought I would collate some statistics in case of interest to anybody. + +The ONS recommends reference to median earnings rather than mean earnings. Mean earnings are inflated by a small number of super-earners, whereas if we lined up everybody in the country in order of earnings, the median will give us the salary of the person in the middle. + +*edit: since a couple of people have asked, yes this does only concern salaried income, not overall individual income + +**All Regions** + +* In 2020, the median annual salary in the UK (regardless of working hours) was **£25,780.** +* If we only look at **full-time** workers, the median annual salary was **£31,461**. +* The median annual full-time salary for workers aged **22-29** was **£26,096.** +* Median pay peaks in people's forties, then slightly declines again in people's fifties. +* The highest earning group are full-time males in their forties, with a median annual salary of **£38,829** +* In contrast, full-time females in their forties earn a median annual salary of only **£31,403**. + +**By Region** + +Median incomes vary vastly by region. + +* You'll recall the median full-time annual salary across the UK was **£31,461** +* By region, median full-time salary is highest in **London**, at **£38,592**, and lowest in the **North East**, at **£27,971.** +* By local authority, median full-time salary is highest in **Richmond Upon Thames\***, at **£50,006**, and lowest in **Boston, Lincolnshire**, at **£24,219.** (\**although data for the City of London and Kensington and Chelsea are missing)* +* The lowest median salary in the UK (per worker, regardless of working hours) is in Blackpool, at **£19,808**. + +**Main take-aways** + +* If you earn a little more than £30,000 you are in the top half of full-time UK earners +* For people in their twenties, £26,000 or more puts you in the top half of full-time earners +* For people outside London, these 'top half' thresholds will be substantially lower. +* In the lowest-earning local authorities such as Blackpool, **50%** of workers earn less than £20,000 per year. + +Source: ONS, Employee Earnings in the UK 2020 ( [All data related to Employee earnings in the UK: 2020 - Office for National Statistics (ons.gov.uk)](https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/earningsandworkinghours/bulletins/annualsurveyofhoursandearnings/2020/relateddata?:uri=employmentandlabourmarket/peopleinwork/earningsandworkinghours/bulletins/annualsurveyofhoursandearnings/2020/relateddata&:uri=employmentandlabourmarket/peopleinwork/earningsandworkinghours/bulletins/annualsurveyofhoursandearnings/2020/relateddata&page=3) ) +Hoping to get some advice, or maybe hear from someone who has had similar issues. + +I bought a house (primary home) in March 2022, with a decent locked in 30 year rate. One of my most important criteria for a house was no HOA. The listing had no HOA, and on the disclosures given to my realtor, an HOA was not disclosed. +