diff --git "a/reddit_finance_43_250k_338.txt" "b/reddit_finance_43_250k_338.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_338.txt" @@ -0,0 +1,10000 @@ +|$O|Real Estate|62.21|4.65|2200|$6,364.08|$136,862.00| +|$KO|Beverage|49.09|3.42|2200|$3,693.53|$107,998.00| +|$ADM|Food|42.52|3.5|1000|$1,488.20|$42,520.00| +|$PAYX|HR Products|80.05|3.34|800|$2,138.94|$64,040.00| +|$POR|Utility|47.56|3.28|800|$1,247.97|$38,048.00| +|$ADI|Semiconductors|124.59|2.03|300|$758.75|$37,377.00| +|$AAPL|Technology |331.5|1.02|30|$101.44|$9,945.00| +|||||Totals:|$23,241.38|$610,010.00| + +&#x200B; + +Are there ways we can lower the cost or balance this better so we can make more in a smarter way? I'm still falling a bit short of 24,000 and the cost is very expensive. Thanks +Cmon guys. Take a breather. We’re going to have days we don’t gain 20%. And that’s okay. + +Some days we may go down 5%, 10%, even more. And on those days, put your phone down, and check back later. Or if you must, zoom out and look at the 7 day, 30 day, 90 day charts and see what’s been going on. Crypto is a volatile space, and definitely a long term play, so don’t panic. + +The people who do the best are those that just buy and forget about it for years. Keep hodling. We got this. +One year ago I began "investing". After the GME frenzy I started trading options on SPY and other stocks to gain more leverage. At one point I was up 15%, but now after countless losses I have a total account at -86%. + +This upsets me greatly and I feel I've financially failed at the stock market. A year of stressing over positions just to lose over 11K. And this isn't fun money either, it's all I have to my name. + +My current strategies consists of calls and puts with 1-2 month expiration. Sometimes risky earnings plays. + +Should I try and keep trading and build my account back up? + +TL;DR After one year of trading I've lost 11K (86%), where do I go from here? + +EDIT: I was not trading options on GME. That’s just the time I realized people were making significant gains. I trade options mostly on SPY and some other stocks. +[Example](https://imgur.com/gallery/ocu9o) + +Thank you USA Today for providing a headline that is nothing but fearmongering. For context (something USA Today apparently ignores), using points as a barometer for moves up or down is irresponsible. The Dow dropped 4.60% today which wouldn't even rank in the top 20 of worst Dow days. Just to break the top 20, the Dow would've needed to drop 1,784 points (6.99%). Additionally, the worst day in regards to percent movement, 22.61% (Black Monday) would've equaled 5,770.28 points in today's market. +I've just begun working for a start up who have some serious promise and I'm feeling really good about their direction. + +My question is how would I go about asking the boss who I'm not super chummy with just yet, if it's possible to purchase shares or have shares included as some form of incentive (I'm in sales/account management). + +Ive no idea if this can come across as overreaching or rude or it would look odd on my behalf. Or am i just overthinking and I should just ask the question? +First-time home buyers, we just had an offer for 415,000 accepted. Will put 20% (83,000) down. + +This is a starter home for us, we don't plan to stay more than 5-8 years. Not sure if that's a factor (people say it's not). + +Really struggling with the 15-year vs. 30-year decision. Monthly payments on a 15 year wouldn't be too much of a stretch, but everywhere I see people saying 30-year is optimal. But my dad is insisting I would be "throwing away money on interest" (talks about how mortgages are front-loaded for interest, it's better to get to the principal asap, etc etc) and that a 15-year is the better choice. + +LE I have for 30-year is a 2.75 rate; haven't gotten one for a 15-year yet. Let's assume it's 2.25 just to estimate. + +The mortgage calculators I use say the total cost of a 30-year would be 570,930. Total cost for a 15-year would be 474,478. Monthly payments are 1,355 vs. 2,175. + +I see the difference of \~96k and just can't understand how the 30-year is better if the total cost is that much more. What am I missing? +Is this because their platform cannot scale on Ethereum's network as it stands now? Why don't they start more centralized and transition to decentralized as the Ethereum POS is implemented? +Guten Morgen to this global band of Apes! 👋🦍 + +Somehow, for no apparent reason, GME was down by almost 13% yesterday. +It recovered somewhat, likely due to all of the discount buy-ins. +I simply cannot understand what the SHFs are trying to achieve with this kind of move. +Do they think that this will shake us, after all this time? + +No, I don't think this is about Apes. +I think that this is about momentum. +They are desperately trying to sour the narrative surrounding GME in an attempt to forestall new investors. +With holidays just ahead, many Apes will be spreading the news to friends and family after not seeing many of them in years. +Or it could be focused more near-term, in an attempt to make people not want to FOMO in when it starts to break out. + +Whatever their reasoning, it is desperate. +All it means to me is that it is 8% easier to lock the float. + +Today is Thursday, November 10th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$23.40 / 23,31 €** *(volume: 9104)* +- 🟥 115 minutes in: $23.40 / 23,31 € *(volume: 8670)* +- ⬜ 110 minutes in: $23.41 / 23,32 € *(volume: 8658)* +- 🟩 105 minutes in: $23.41 / 23,32 € *(volume: 8621)* +- 🟩 100 minutes in: $23.41 / 23,32 € *(volume: 8621)* +- 🟩 95 minutes in: $23.41 / 23,32 € *(volume: 8618)* +- 🟩 90 minutes in: $23.40 / 23,31 € *(volume: 8598)* +- 🟩 85 minutes in: $23.34 / 23,25 € *(volume: 7887)* +- 🟩 80 minutes in: $23.25 / 23,16 € *(volume: 7832)* +- 🟩 75 minutes in: $22.98 / 22,89 € *(volume: 7832)* +- 🟩 70 minutes in: $22.91 / 22,82 € *(volume: 6372)* +- 🟩 65 minutes in: $22.85 / 22,76 € *(volume: 6230)* +- 🟩 60 minutes in: $22.84 / 22,75 € *(volume: 6146)* +- 🟥 55 minutes in: $22.83 / 22,74 € *(volume: 6140)* +- 🟩 50 minutes in: $22.83 / 22,75 € *(volume: 6017)* +- 🟩 45 minutes in: $22.83 / 22,74 € *(volume: 6013)* +- 🟩 40 minutes in: $22.83 / 22,74 € *(volume: 5857)* +- 🟥 35 minutes in: $22.82 / 22,73 € *(volume: 5812)* +- 🟩 30 minutes in: $22.83 / 22,74 € *(volume: 5812)* +- ⬜ 25 minutes in: $22.83 / 22,74 € *(volume: 5808)* +- 🟥 20 minutes in: $22.83 / 22,74 € *(volume: 5788)* +- 🟩 15 minutes in: $22.85 / 22,76 € *(volume: 4343)* +- 🟥 10 minutes in: $22.84 / 22,76 € *(volume: 4268)* +- 🟥 5 minutes in: $22.88 / 22,79 € *(volume: 2513)* +- 🟥 0 minutes in: $22.97 / 22,88 € *(volume: 84)* +- 🟥 US close price: $23.11 / 23,02 € *($22.90 / 22,81 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0039. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +When it comes to boring strategies, Out-Of-The-Money Bullish/Credit Put Spreads are pretty much at the top of the list. They are rarely used, but if done correctly almost always profitable. Obviously credit spreads are used often but doing them far OTM is not common, and there is a particular strategy to follow when doing it. + +For those that don’t know what a credit spread is: + +**Concept:** You are selling a put and buying a put on a stock on the same expiration, different strikes. + +*Example:* A stock is at $100, and you sold the 90 puts and bought the 85 puts, thus you would receive a credit. The reason is - you get more money from selling the 90 puts, than it cost buying the 85 puts. In this case, if your received $3 selling the 90 put, and spent $2 buying the 85 puts, you would get a $1 credit. Your best case scenario is that the stock stays above the short put (in this example, 90) at expiration and both puts expire worthless. When that happens you keep the credit of $1 (aka - $100). Worst case is the stock finishes below the long put at $85 (e.g. finishes at $84) in which case you are out the distance between the strikes (90-85=5) minus your credit (so $5-$1=$4). Obviously since your risk ($4 = $400 per contract) is much higher than your potential reward ($1 = $100 per contract), these spreads (far OTM) need to be successful a high percentage of the time. + +If done properly, they are. + +Here is a step-by-step guide on doing a profitable OTM BPS, with an example you can use on Monday (6/7/2021). + +**Step 1:** The first thing you want to do is find the right stock. You want: + +*A) Stock is over $20 a share - under this price and the volatility is usually too high.* + +*B) Stock has already had earnings or the next earnings announcement is further out than your spread will cover. You do not want to hold an OTM BPS over earnings. Ever.* + +*C) Stock is in a bullish pattern and above most of it's major SMA's (50,100, 200).* + +*D) Stock is relatively strong to the market. Meaning that over the past week or two you can see that even when the market dipped, the stock held its value or continued to go higher. This not only indicates a strong stock, but also adds protection in case of a sustained market drop.* + +***Doing a quick search and I found a candidate - AVGO.*** + +*It is currently above it's 50 and 100 SMA, already had earnings, and since it gapped up on 5/20 it not only held the gap and moved higher, but managed to stay strong even during days the market was down.* + +**Step 2:** Since the risk on these spreads are high, you want to lower that risk as much as possible. There are two ways to do this: + +*A) The farther out of the money you go, the less likely it is that the stock will drop below your strike prices - however, if you go out too far you won't receive enough credit.* + +I tend to go at least two standard deviations (putting me on the 2.5% tail of the stocks price movements). I also like to have several barriers of support above my short strike. Being that far out and with that many layers of support means the stock would have to have a major technical breakdown in order for my spread to be in danger. + +*B) The higher the credit received, the lower your win rate needs to be for this strategy to be profitable.* + +As a general rule, I like to receive 20 cents credit to every dollar between the strike prices. So for a $5 spread difference, I look for $1 credit. A 50 cent difference in the spread, I look for a 10 cent credit. This gives me a 25% ROI on my investment. If the spread is $90/$85, I am getting $1 credit and risking $4. Each contract would require $400 in margin to cover that risk. (*personally, I always look to get $1,000 per BPS, so if I am getting a $1 credit, I will do 10 contracts. Risking $4,000 for the $1,000).* However, I will also explain why you are not really risking the 75% either. Still, with this desired credit as a rule, I need to be successful more than 75% of the time in order for this strategy to pay off. + +**For AVGO the $445/$440 strikes meet this criteria. Above $445 strike is the 50 and 100 SMA's, horizontal support as well as a $3 gap that would need to be filled before my short strike was in any danger. If by chance that occurs, the spread can still be profitable (more on that in a bit).** + +**Step 3:** I want an expiration as close as possible that gives me the desired credit. In this case the June 25th expiration, gives me a $1.50 credit for selling the $445 puts (I would get $3.50 credit) and buying the $440 puts (currently cost $2.00). Chances are on Monday that credit will be lower, but I am putting the order in for a $1.25 credit. That would be a 33.3% ROI over 2 1/2 weeks time. Given how far out my strikes are, and how many layers of support are above it, my likelihood of success is going to be far greater than 66.6%. + +So now I have my trade: **AVGO - Selling the $445 Puts/Buying the $440 Puts for the 6/25 Expiration and getting a $1.25 credit.** + +**Step 4:** If expiration approaches and **AVGO** is well above the short strike ($445), I will let the spread just expire worthless and thus keeping the $1.25 credit (10 contracts = $1,250). However, there is a chance **AVGO** could threaten that short strike (e.g. on 5/22 the stock is in a bearish downtrend and at $455) I might consider closing it for a small debit. However, let's say bad news came out, or the market started crashing. If that happens, you can leg out of Bullish Put Spreads. + +This is how: + +*A) The stock must be in a technical breakdown, meaning it broke through major support levels.* + +*B) It needs to be proportionally weak to the market. The market may be dropping but AVGO is dropping proportionally more than the market on the 5-minutes charts (e.g. let's say at noon SPY goes into a compression for a bit, but AVGO continues to drop).* + +*C) The market itself should be weak that day, you do not want to leg out of a BPS in a strong market.* + +***Note: If you try to leg out of a spread without these conditions in place, you can wind up losing a lot more than your original max risk.*** + +Because the spread is far enough out in time (6/25) you will have time (at least a few days) to act if you see it is in trouble. + +What you do is this: + +Buy back the short puts. Let's say AVGO is dropping and now at $450 on 6/21. And your short puts ($445) are worth $4.75, and your long puts (440) are worth $3.00. At this moment you are down 50 cents per contract ($1.75 difference in the puts, minus the $1 credit you received = .50 cents down). You can either take the loss of $50 per contract (in my case that would be a loss of $500) or you can leg out. So I would buy back the short puts at $4.75 and let the long puts ride. I would enter a sell order on the long puts for the same price I bought back the short puts (so I put in an order to sell my $440 AVGO puts for $4.75). As the stock continues to drop, your puts will go up in value, and if you timed it correctly with a weak market and a weak stock you will hopefully reach that goal by the end of the day. + +If you sell your long puts for the same price as you bought back the short puts, you finish up your original credit of $1.25. Seeing as how the only way this stock gets in that type of trouble is a major technical breakdown, it is the ideal stock to leg out of in that environment. + +**I like to have several of these spreads going every week. At the end of each week 2 or 3 expire and I add 2 or 3 more. In 2020 my success rate was as follows:** + +***210 total spreads - the spreads averaged a total of $1,090 credit, risking $3,910:*** + +*73.3%: 154 expired worthless - full credit* + +*12.8%: 27 spreads I took partial credit, averaging 81% of full credit (e.g. on $1 credit I would close the spread on average for a .19 cent debit)* + +*4.7%: 10 spreads I legged out of, receiving full credit.* + +*1.9%: 4 spreads I legged out of, receiving partial credit, averaging 72% of full credit.* + +7.1%: 15 spreads I lost the full amount (stock crashed on the final two days, not enough time to leg out, or market was too strong to try) + +**Total profit off 210 Out-Of-The-Money BPS' for 2020 = $147.087.5** + +As a Day Trader, I use this method for passive income with Day Trading being my primary source of income. My 2021 results are currently on target for the same result as the previous year. + +*Pete Stolcers gets all the credit for perfecting and teaching this method - thank you.* + +Either way, I hope you all found this useful! + +EDIT : I am well aware that credit spreads are common. Far OTM BPS’ (aka Put Credit Spreads) are not common however. I hope that clears things up for those that take great pleasure commenting otherwise. +As per title: Which stocks are you all holding that you don’t see discussed here every day? + +You don’t have to give any justifications or anything. Say as much or as little as you like, I’m simply curious to chuck some of these deep cuts on a watchlist because anytime something moons tenfold there’s always one guy who pipes up with “Yeah I’ve been holding since October 2020, no big deal tho” + +Anyway I took a punt on COSOL (COS) today. they provide IT systems for various sectors: energy, defense, infrastructure. looked pretty steady thru a tumultuous September, hopefully they’re going places because if not it’s gonna be McDonald’s napkins for xmas dinner. +As we’ve all seen in recent times fundamental analysis seems to have been thrown out the window for the time being. With the rapid rise of retarded retail investors and more speculative investors I would think that a market “crash” would be impending. I have no clue of how much it would or could crash but this momentum seems to be unsustainable. What are your opinions on an impending market crash i.e how bad? and how far away or just tell me I’m fucking wrong and I’ll go jerk my wife’s bf +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Hello all, + +Last time I asked a question about when the best time to roll CC's was I received some interesting feedback. I have decided to run some numbers on a couple various underlyings to see what I could determine from using just data. I am still trying to determine best how to utilize this data, but I figured I would share the results with you all so we can all benefit. I set out to answer some of my own questions. + +So first question: When do I get the most delta benefit from rolling covered calls? + + + +https://preview.redd.it/txruy1tb16r61.png?width=1191&format=png&auto=webp&s=02cc9dc1e501fe7fd8ded3965c3a40eb3b059a23 + +The above graph confirms what most of us know based on intrinsic and extrinsic value. As you get closer to expiration the amount of delta you can increase your covered call by rolling 2 weeks (assuming no change in premium) increases. This graph also shows us an interesting trend, as you pass the 0.7 delta region the amount of return you get from rolling is less and less as you get further ITM. Basically you are fighting a losing battle and it will be harder to roll out of the money over time as you get deeper in the 0.7 region. So from this what I gather is that it is normally best to wait as long as possible to let the theta decay do its thing but if you approach 0.7 delta and it appears that it might keep climbing you should probably roll before you get less delta return from your roll. + +&#x200B; + +Second Question: When is the best time to roll to push increase my strike price the most (very similar to the first question, just looking at a different variable). + +&#x200B; + +&#x200B; + +https://preview.redd.it/jgw4l2em26r61.png?width=1002&format=png&auto=webp&s=1459d57c76671b24adda3764f8d96bf309f7b9f0 + +Again it is as expected. As you get closer to expiration you will get more bang for your buck by rolling. Interestingly though, as you get closer to ATM/ITM you approach a linear relationship, showing there is no peak delta to roll from (other than being way OTM and you have already let the CC burn off its extrinsic value). So what I really think you need to be worried about is the amount of delta you can gain by rolling vice the raw strike price you increase it by. + +&#x200B; + +Question 3: If we assume the best time to roll is 7 days or closer to expiration, how does IV affect the increase in delta when rolling? + +&#x200B; + +https://preview.redd.it/07q4sgil36r61.png?width=1084&format=png&auto=webp&s=5bcdfed188b88d5c39cc974eeb07a340c8032f22 + +This one is a bit messier and also a bit less expected. The three underlyings I used were SPY, ARKK, and PLTR. As they had fairly decent liquidity and ranged from conservative, moderate and high IV. We can see that rolling lower IV stocks actually will be easier to do for consistant gains as you get more delta returned from your roll then higher IV stocks. I admit that PLTR's data is a bit all over the place but it never exceeds SPY except when it is <0.3 and only barely. I may crunch some numbers on other 70% IV stocks and plug them in and see where they stand to confirm data here. This also has some implications for opening Diagonal or Calander Spreads, but since I dont really do that kind of option play except for the brief moment I roll I wont spend too much time investigating that one. + +Now I know there are some other discussions to be had on how far to roll. But I think that has to be determined for each roll. Did the underlying just moon because of some unusual event? Is it sitting high in channel? etc. I think there has been enough studies on theta decay for the 0.2-0.3 delta from 45-30 days region being the best so I wont beat a dead horse on that one. + +If anyone has different opinions on what the data is saying or has other insights on rolling CCs I would love to hear it. +Hi, as we all know it is widely accepted to roll / close positions at 50% Max Profit to take risk off the table, however I've been theorizing about a different approach: + +Closing / Rolling when your profit % is greater than the % of total DTE Elapsed. To avoid closing trades super early you would also wait until you have a tleast 50% profit or some other percentage, say 30%. + +With this approach you are only closing positions if the value of them being open is greater than what would be expected at an expiration max profit scenario. + +I realize that with this system you would risk a profitable trade going against you closer to expiration but then again there is always a risk of loss, and this way you optimize returns on both your capital and your time. + +I'd love to discuss this idea with you guys and see what you think. + +EDIT: +I've done another revision to the strategy, I don't base it on %time Elapsed, rather a logarithmic curve. + +We know theta accelerates closer to expiration, so the value of an otm contract is a downward logarithmic curve. I've got a spreadsheet set up so that if my trade has netted more P/L, decayed more, than expected from my current DTE, I'll take profits, as long as it has a P/L higher than 20-30%. This optimizes returns, reduces risk, improves win rate. + +There likely is some drawbacks, I'm still risking $xx to make somewhat of a lower return on capital , but I imagine the higher hit rate will offset that somewhat. + +I'll try this out for the time being and see how it affects my portfolio. +Jim Shultz did a piece today on 45 DTE position entry, that did a good job of explaining the benefits. If you regularly trade weeklies, please watch this video. + +[https://ontt.tv/9YSE6](https://ontt.tv/9YSE6) + +Edit: start around 7:30. He spends the first few minutes talking about his positions. +If I sell a cash secured put, should I hold to expiry or buy it back once it reaches .01? + +I’m a small account guy and just getting started. I would like to be as efficient as possible. + +We all start somewhere, right? + +EDIT: I just wanted to edit to say thank you for all the kind advice. You don't always find that on the internet. +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +The villagers, seeing that there were many monkeys around, went out to the forest and started catching them. + +The man bought thousands at $10 and as supply started to diminish, the villagers stopped their effort. He further announced that he would now buy at $20. This renewed the efforts of the villagers and they started catching monkeys again. + +Soon the supply diminished even further and people started going back to their farms. The offer increased to $25 each and the supply of monkeys became so little that it was an effort to even see a monkey, let alone catch it! + +The man now announced that he would buy monkeys at $50! However, since he had to go to the city on some business, his assistant would now buy on behalf of him. + +In the absence of the man, the assistant told the villagers; "Look at all these monkeys in the big cage that the man has collected. I will sell them to you at $35 and when the man returns from the city, you can sell them to him for $50 each." + +The villagers rounded up with all their savings and bought all the monkeys. + +They never saw the man nor his assistant, only monkeys everywhere! + +Now you have a better understanding of how the cryptocurrency market works. +I get it, we love to get hyped and we LOVE getting hurt! We try to decipher tweets and then throw around the same conclusions in an echo chamber to further enforce our own hype. + +When GameStop drop the big news we are all waiting for it won't be on a tweet, it won't be a news release on the website it will be done via a proper press conference or irl presentation. Think about apple, google, Amazon etc when they drop big product launches. GameStop will be the same. They will want to build hype and publicity for this marketplace and a tweet won't cut it. + +So when we start seeing news around an event of press conference that's when we should be getting hyped. + +Until then, stay zen and DRS +Absolutely massive earnings; that's why I always keep Apple shares on hand. + +Looks like they're extracting a ton of monetization from both hardware and services. + +https://www.cnbc.com/2021/01/27/apple-aapl-earnings-q1-2021.html?__source=androidappshare +I know very little about economics - how banking works etc. I watched the film ['Money As Debt'](http://video.google.com/videoplay?docid=-2550156453790090544#) today and although the conspiracy-theory feel of it took away from it's authenticity, I was startled to learn the basics of fractional reserve banking. + +Would anybody who knows more than me be kind enough to summarise why fractional-reserve won't cause the end of the world? + +Every mainstream article I've found so far is a bit beyond me - the simplicity of the video really helped my understanding. Are there any similarly easy-to-understand videos or articles that don't try to convince me that the world is controlled by some evil bankers and is going to explode at any minute? + +Thanks +Thought this would be esp interesting to this sub. Sometimes I feel a little discouraged by those "how much you need to retire" calculators. So it's a little reassuring to know what some other options might be if I don't get to those numbers. +[8 Countries Where $200K in Retirement Savings Will Last 30 Years](http://www.investopedia.com/articles/retirement/050416/8-countries-where-200k-retirement-savings-will-last-30-years.asp) +There are three issues at play here. First, my brother (26) is fighting cancer. He's disabled and he can't work. He has roughly $20,000 in student loan debt. He has had tens of thousands in medical bills, which up until recently were paid for by an inheritance. The inheritance was very fortunate for my family, and I'm not sure how much is left, but that will likely run out in the next 1-2 years. After that it will fall on my parents and I to support my brother. My parents are not wealthy so it would mostly fall to me. + +Issue two is my girlfriend's debt. I've always known she had a lot of debt, but she was reluctant to give me the exact amount. She had hinted that it was $50-$70,000. She has a bachelors in history, a masters in history, and a masters in library science. I've been pressuring her to tell me the exact amount for months, but she was afraid I would break up with her if I knew her actual debt. Well, it turns out she has $113,000 in federal loan debt, most of which is grad student loans. She has another $7,000 in credit card debt. She doesn't know the interest rates, but I assume her credit card debt has the highest. + +My GF and I recently relocated from the west coast to the midwest to help support my brother. I was able to keep my job and work remotely (I work in tech). My GF had to quit her job as a corporate librarian where she made $46,000. She is unemployed and has been looking for work for past three months. She hasn't received a single offer but has some prospects. I've been pressuring her to seek more lucrative work outside of librarianship. + +We live together and I pay nearly all living expenses. She likes to go out to eat often and take weekend trips. I now recognize that I'm stupid for enabling this behavior. We weren't planning on getting married for a while anyway with my brother's situation. Now I'm even more reluctant because of her debt. + +Third is me. I earn $93,000, I hate debt, and I'm really good at paying it off, even when I made much less. In a cruel twist of fate, I'll make my last student loan payment this week. My only debt is $8,000 for a car loan but I had planned on paying that off by July. + +So, I'm starting to lose my mind. I pride myself in making good financial decisions and paying down debt quickly. Finding out my GF has $120k in debt was a punch to the gut. I love her and I want to make this work, but I might go crazy if I have to support both her and my family. I'll try to be positive. The fact is though that I resent her for making such poor financial decisions and relying on others to help her out. I resent myself for not tackling these issues sooner. My focus, however, has been on helping my brother. + +Thank you in advance for your help. + +**Tl;dr** + +* Brother has cancer. I support him. He has at least $20k in debt + +* Girlfriend has $120k in debt, is unemployed with few job prospects + +* I earn $93k. $8k in debt. Debt is a pet peeve of mind and I might go crazy over this. + + +**Update 1** + +Thanks everyone for your feedback so far. I appreciate it. Here's my response to some frequent comments. + +* Yes to loan forgiveness for my brother. I'll look into that. +* I have no intention of helping my GF pay her loans until (and if) we get married. I agree with everyone's reasoning on that. I do, however, want to help her budget and strategize how **she** can pay these off herself. Obviously getting a job--any job--is the first step. If you have other ideas how she can tackle it, please let me know. + +* Some of you mentioned that my brother should get SSID. My brother is getting money through social security, so yes, I think he's already getting that. Sorry for not mentioning it sooner. + +* A lot of you are saying I should break up with her. I've considered that. It's definitely the rational decision. My GF and I have been through a lot though. She's very supportive of my brother and family as we go through this difficult time, not to mention moving cross-country. Breaking up with her makes financial sense, but she helps keep my family positive and hopeful. I want to exhaust all means of figuring this situation out before throwing in the towel. + + +**Update 2** + +* Wow, made the front page of Reddit. Wish it were for something happier. + +* Some of you have said that I'm being selfish for "making" her move or not being understanding enough. One thing to keep in mind is we moved to the west coast for her schooling, only to move back to the midwest (where both our families live) for my brother. Respectfully, I'm interested in financial help, not relationship counseling. + +* Thank you everyone for your feedback. Many of you have made some informative, supportive, and loving comments. We appreciate it. +Projections with finances can be tricky as many of the factors are out of our control. I would like to hear what’s happened with your journey to financial independence that you didn’t foresee occurring. +Ethereum is fucking killing it right now, and the fact that Bitfinex has added complete trading pairs with all of its coins and tokens has a lot to do with it, so I really hope all the other exchanges out their start doing the same! + +I don't know about you guys, but I never ever use Bitcoin to do anything, and only use Ethereum or Litecoin when I need to transfer and trade, and I'm pretty sure all of you do as well. + +Once they pair Ethereum with everything, it will not only save us time, but money as well, because we won't have to transform whatever we used to transfer quickly back into Bitcoin, in order to buy what we want... a win win! + +Although, I see this as a very bad thing for Bitcoin though, because what would we need it for if or when this happens... time will tell I guess. + +Your thoughts? +Hi all, + +So as the title says, I (23yrs old) filed my taxes alone for the first time and I received a letter yesterday saying “information from either your return or our record indicates the primary taxpayer is deceased”. I used to be filed under my parents until this year. My mom called the accountant who said that this happened because I filed taxes for the first time. Is this true? I don’t really believe him and it’s unsettling to receive a letter thinking I’m deceased. How do I fix this? + +Edit: First off, thank you for the help everyone. I’m taking work off tomorrow to get this done ASAP. Also, the jokes made me smile haha. Second of all, I disappeared from reddit for a few hours and come back to all these replies :p +I'm currently making about $4300/month. With tax, insurance, and some other cut that my employer take - I'm taking $3000/month. My rent is $875. I paid $70 for water, since my roommate moved my water bill from $20/month increased to $70/month. I have no idea what she is doing at home. And my electric bill is from $130/month in the winter to $300/month in summer time since she moved. It blew my mind how much electricity and water she is using. I'm not home a lot. And she is home 24/7. Because she doesn't work and she also doing her study from home basically. I usually spend about $200-$300/month for groceries. Now I spend $500/month. For entertainment I spend about $150. I also send money to my mom. After my dad died, I help for his funeral. It just from there I become broke and broke because I have to use my saving for my dad funeral and my sick mom. I'm taking more debt and I can't barely saving anything now. I decided to do fasting because I can save more money, not only I lost bunch of weight from not eating. I also spend it on something stupid like making sure there are coffee, creamer, and some other groceries so my roommate can have some things she can use. + +I like to buy expensive good food, because I'm just by myself. And I don't really eat that much. + +I was able to paid off some of my credit card bill before she moved in with me. And now, I just kept on adding new credit card bill into my account. She gave me $200-$300/month. And that's not enough. I told her that I will help her out until she finish with school last August as she was mentioning. +But things falling apart on her end, she has to stayed until December now. +I don't know how to save money anymore. +I barely can pay my credit card bill now and I got a new car because I had an accident and my ex husband to be not letting me to sell my old one because he said it is still part of the martial assets. Which is make sense. He was also asking for $500 alimony from me while I'm struggling with my financial filling up my apartment. +He didn't let me take anything from my house. Not even a bed or blanket. I was sleeping on air mattress for couple weeks in the winter time. And decided to buy super cheap bed that causing me more back problem and more medical expenses on my end. + +I didn't even have any cooking ware, utensils, or plates and glass. I was using all papers until I can afford it. +I have all of that now. I have all this credit card debt because I have to fill my apartment so I can have things to use for cooking, couch, bed, TV and all the things comes with it, and also just some regular thing you need for a house. + +I honestly don't know what to do. I have lawyer bill to pay that kept on adding as my ex told me that I don't deserve any money because I decided to leave. All my hard work for 7 years didn't mean anything for him. + +I'm paying about $500/month for my credit card bill. That is the minimum payment. +What should I do now? +I can cut more on my groceries probably. And just drink my protein shake. Will that be healthy enough? +And I have a dog now. I adopted her a month ago. More expenses on my side, because my and my ex have a dogs together. But he just won't stop harrasing me and sending me letter everytime I picked my dogs from him. + +I have more medical expenses as well. Because I'm seeing therapist, psychiatrist, and my regular doctor so I don't kill myself with all the things that happened in my life. + +Can someone help me out planning my financial? +I'm so depressed right now. I don't know how to handle all this financial stress. +I have been trying to save money. But it's been harder lately. +https://preview.redd.it/4dpmqibgzbk61.jpg?width=1284&format=pjpg&auto=webp&s=10484d6f6676913722d5f30a0a2fef690d9cc904 + +Wanted to post updates every month as a sort of log for myself. This was the first month I started day trading stocks. This is just an overview but I have a spreadsheet of more detailed statistics. Here are my stats for the month: + +Total Win % = 52.17% + +Total # of Trades = 23 + +Total Net Profit/Loss = $2.62 + +Tota 'R' = 2.62 + +Sharpe Ratio = 1.02 + +Risk = $1 + +Goal = 2R per trade + +Trading stocks in the $1 - $10 range +# INTRODUCTION + +*Welcome back to Theoretical Microeconomics for Apes.* + +In Part 1, titled [Infinity Pool: How GME Will Break the Laws of Supply and Demand and Enable the Money Glitch](https://www.reddit.com/r/Superstonk/comments/o9ifjx/infinity_pool_how_gme_will_break_the_laws_of/), I presented several key microeconomic terms and discussed how GME is poised to become the most studied economic event in history. (*Note*: *Part 2 briefly explains terms, Part 1 goes into greater detail)* + +In Part 2, we will expand the analysis of most feared theoretical concept known to criminal stock counterfeiters everywhere: *INFINITY POOLS*. *Infinity Pools* should only exist in theory; in order to discuss what they are and how they could be possible, you have to stretch your application of ordinary Microeconomic concepts well beyond any "real-world" situation. When you're dying of thirst in the desert, you only need enough water to survive until your next drink; now imagine having to fill a massive oasis 1-bottle at a time, but at survival prices. + +This time, the discussion surrounding *Infinity Pools* will be completely agnostic as to the particular exchange-traded security. Then, we can discuss some hypothetical scenarios regarding the market for GME shares. + +* **Preamble: Market Manipulation and Part 1 Corrections** +* **Section 1: What is an** ***Infinity Pool*** **in Microeconomic Terms?** +* **Section 2: A Microeconomic Snapshot of an** ***Infinity Pool*** +* **Section 3: What Might Happen if GME Has This Type of Shortage?** +* **Conclusion: Key Takeaways** + +*Disclaimer: I am by no means an expert, nor am I giving advice. My goal here is to understand and discuss theoretical Microeconomic principles in relation to the MOASS due to my interest in the underlying mechanics of supply and demand at play. Please refute any incorrect assumptions in the comments and I will amend the post as necessary.* + +**ta;dr:** An *Infinity Pool* is an extreme example of a *Shortage* that can occur due to any combination of independent market conditions. Microeconomic principles say that when this type of *Shortage* occurs, there is no theoretical limit to how high the price can go. + +********************************************************* + +# 0. Preamble: Market Manipulation and Part 1 Corrections + +*Skip to SECTION 1 if you don’t care about these topics (0.1. is long):* + +********************************************************* + +**0.1. Law Ape Here, Let’s Discuss “Market Manipulation.”** + +*Disclaimer: None of this should be construed as legal advice, financial advice, or anything similar. I do not specialize in securities law. This is an opinion meant to serve as the basis for a discussion. Anyone who understands enforcement of market manipulation laws, or who has a more accurate interpretation PLEASE chime in.* + +**Market Manipulation Generally:** + +Regarding market manipulation, the particular law that matters to retail investors is the *Securities and Exchange Act of 1934*, Section 9(a)(2) (*Note:* go read the rest of Section 9 if you want to rage over how under-utilized it is against criminal stock counterfeiters). Section 9(a)(2) effectively states the following: + +* It is illegal for any person or group to directly or indirectly cause trades of a stock to create an appearance of trading activity, or to raise/lower the price, for the purpose of causing other persons to buy or sell that stock. + +Some of the methods that a person or group might use to directly or indirectly cause trades of a stock include (1) Fraud, and (2) Coordination: + +* **(1) Fraud:** Fraudulent acts involve false statements or omission of material facts; in the context of stock price manipulation, fraud involves causing someone to act on false information. To prove fraudulent market manipulation, you must show that the person making the statements knew at the time they were false, and that the statements led to a “reasonable” investor being harmed by trading on the false information. +* **(2) Coordination:** Organizing to coordinate trades with regards to price, trade timing, quantity, or other market conditions can raise issues of market manipulation (e.g., “I have a limit buy set at $X” vs. “let’s set limit buys at $X to prevent a dip”). Discussing personal investment decisions without promoting a scheme does not implicate market manipulation (e.g., “I like this stock, it’s a quality investment and you should buy it too!” vs. “I like this stock, you should buy it for $X so we can increase the price!”). + +**Market Manipulation in the Context of GME:** + +Unfortunately, despite the numerous violations of this law (i.e., 9(a)(2) and other subsections) we have witnessed by SHFs & Co., this law sees about as much use as Steve Cohen’s toothbrush. Instead, it is now being wielded as a vague, ultimately empty threat against retail investors who like a particular stock and want to buy and hold it as part of their personal investing strategy. + +In *Constitutional Law*, laws can be struck down for vagueness when they have a “chilling effect” on speech or association rights. A “chilling effect” occurs when laws or government actions, appearing to target expression, are used to deter the exercise of First Amendment free speech and association rights. This chilling effect can be easily weaponized by private actors because they are free to push a false narrative that has a “chilling effect” without any risk of consequences (i.e., “big daddy SEC is sooo gonna bust you for coordinated market manipulation!”). + +Problems with saying "we," "us," or "our" arise when these collective pronouns are used in conjunction with suggestions of specific actions - regardless, the best solution is to tread carefully and be clear that your investment decisions are purely your own. Referring broadly to "Apes," "Retail Investors," or "SHFs" and discussing the actual or potential collective results of their independent actions is perfectly acceptable, because there is no suggestion of specific action with intent to cause trading activity. + +I personally believe that non-credible threats of market manipulation are being used against retail investors to restrict the spread of valuable, verifiable information that, by definition, cannot be used for fraudulent market manipulation (because it is true, and also does not qualify as insider information). Furthermore, by clearly defining how “coordination” works in the context of market manipulation, Apes can more freely discuss their personal investment decisions in the context of criminally-enabled anomalies related to the supply and demand for exchange-traded securities. + +**ta;dr:** Accusations of “Market Manipulation” against retail investors are complete horse shit – a Hail Mary by desperate criminals to contain the mess they have created. Manipulation would require fraud or coordination. Apes can’t be committing fraud unless they are passing knowingly false information to cause others to trade (\*cough\* *shills*), and they can’t coordinate to manipulate a stock by discussing current market conditions and how those conditions impact their personal investment decisions. + +********************************************************* + +**0.2. Part 1 Corrections** + +***Correction #1:*** *Part 1 Incorrectly stated that Price Elasticity equals the slope of a Supply/Demand Curve.* + +* *Price Elasticities* can vary at any particular point along a *Supply/Demand Curve,* even when the curve appears linear. (*Thank you to* [*/u/ragnaroksunset*](https://www.reddit.com/user/ragnaroksunset) *for the clarification!*) + +https://preview.redd.it/y2qybz05fdd71.png?width=869&format=png&auto=webp&s=ae63dbb358e9583b01f8b68b0a26a7eaf14f980d + +***Correction #2:*** *GME-related numbers (e.g., price, float, institutional ownership) change semi-frequently due to market conditions, leading Part 1 numbers to become quickly outdated.* + +* In response, this post will be agnostic to the current GME-related numbers. The only unit of quantity used will be "Floats." + +********************************************************* + +# Section 1: What is an Infinity Pool in Microeconomic Terms? + + +********************************************************* + +**1.1 Microeconomic Terms Used** ***(Definitions in*** [**Part 1**](https://www.reddit.com/r/Superstonk/comments/o9ifjx/infinity_pool_how_gme_will_break_the_laws_of/)***)*** + +* *Equilibrium* +* *Price Elasticity (of Supply & of Demand)* +* *Quantity Supplied/Demanded* +* *Scarcity* +* *Shortage* +* *Substitute* +* *Supply/Demand Curves* + +********************************************************* + +**1.2.** ***Infinity Pool*** **Originated as a Metaphor for “Shares That Will Never Be Sold”** + +Before we dive directly into the Microeconomics of an *Infinity Pool,* it is important to understand the phrase’s humble roots. + +Per [/u/BluPrince](https://redditpreview.com/u/BluPrince): + +>“\[S\]ome shares simply won't be able to be sold. Some shareholders, statistically speaking, will die or become otherwise incapacitated between now and whenever MOASS is, and their shares probably won't get sold. Other shares might be held by corporations or trusts with specific rules or by-laws that restrict sales or purchases of securities in various ways. Some will be in ETFs that won't rebalance for months. And some might be held by truly ascended apes who voluntarily hold them through the MOASS, refusing to sell those shares at any price. Maybe they plan to pass those shares on to their children like family heirlooms. Maybe they're kept as a memento of the MOASS. Maybe they realize that they can reach their initial price target for 100% of their shares by only selling a fraction of them and just demanding a higher price. Maybe they do it because they believe it helps reduce retail bagholding. Maybe they just like the stock, and don't know what an exit strategy is. + +>For the sake of convenience, I like to refer to the subset of shares that have this property as **the Infinity Pool** \[*emphasis original*\].” + +*Infinity Pool* is a term to collectively refer to independent and unrelated events, investment decisions, and market conditions that impact the available supply of an exchange-traded security. That’s it. However, *Infinity Pool* can also be expressed in Microeconomic terms, which makes it an *exceptionally useful term.* + +********************************************************* + +**1.3. An** ***Infinity Pool*** **is a** ***Shortage*** **on Steroids** + +Under the right market conditions, a guy with water in the desert is carrying an *Infinity Pool* in a bottle. *Infinity Pool* refers to a *Shortage* at a time when *Quantity Demanded* is fixed, and demand must be met. An *Infinity Pool* is only possible with a *non-Substitutable* good/security that the buyer is under an absolute obligation to purchase (e.g., water in the desert, closing shorts after failed margin call). A *Shortage* of this nature has wacky impacts on *Price Elasticities.* + +*Shortages:* + +A *Shortage* is a condition where the *Quantity Demanded* is greater than the *Quantity Supplied* at the market price. +There are three main causes of a *Shortage:* + +1. Increase in demand (e.g., forced closing of short positions, increased popularity) +2. Decrease in supply (e.g., supply lost/destroyed, sudden stoppage of mass counterfeiting) +3. Government intervention (e.g., embargo, illegal goods, resource allocations in times of crisis) + +When a *Shortage* occurs, the market price will typically increase. This incentivizes suppliers to increase the *Quantity Supplied* until it reaches the *Quantity Demanded,* at which point the market for that good is in a state of *Equilibrium* at a particular price and quantity (until market conditions shift again)*.* The *Shortage* exists within the aggregate market supply and demand, it is not a condition that begins once supply has run out. *Shortage* refers to a state in which there are fewer offers to sell than bids to purchase. *Scarcity* relates to availability. (*Shortage* = available/able to be produced, but not for sale; *Scarcity* = currently unavailable, cannot be produced or purchased/sold). + +Ordinarily, *Shortages* do not have an exponential impact on price for several reasons, including the following: + +* With *Substitutable* goods, a different good that is essentially the same can take the place of the good experiencing the *Shortage*. +* When a good experiencing a *Shortage* is not an absolute necessity, the buyer can forgo the purchase entirely. + +https://preview.redd.it/wkc9uaey9fd71.png?width=869&format=png&auto=webp&s=eeae0591a593a8670dde1c4e4048f730b956875b + +********************************************************* + +# Section 2: A Microeconomic Snapshot of an Infinity Pool + +********************************************************* + +**2.1. Introduction** + +This Section presents two sets of hypothetical *Supply and Demand Curves for* an exchange-traded security undergoing a MOASS: + +1. No *Infinity Pool* +2. Yes *Infinity Pool* +3. *Infinity Pool -* Name Your Price + +*Note on Supply/Demand Curves:* Although time must pass for trades to occur, there is no time variable in a *Supply/Demand Curve*. The *Supply and Demand Curves* express the aggregate of *Quantity Supplied* and *Quantity Demanded* in the market at particular prices during a momentary snapshot of market conditions. + +********************************************************* + +**2.2.** **No** ***Infinity Pool***: + +https://preview.redd.it/2vlhu1ctsfd71.png?width=923&format=png&auto=webp&s=2bff5f23f927f9e3955fa36faaa02706df3a7b95 + +********************************************************* + +**2.3. Yes** ***Infinity Pool***: + +https://preview.redd.it/kfsuflpdojd71.jpg?width=945&format=pjpg&auto=webp&s=2343626c4376aa3dc4967c8779c7b05383c78f6a + +********************************************************* + +**2.4.** ***Infinity Pool -*** **Name Your Price** + +*Long Disclaimer: This diagram visualizes the concept of "Name Your Price" as the basis of a thought experiment. In reality, this is an impossible scenario as currently illustrated because trades will need to occur in order to actually move the price. In practice, the real price range would have many influences that this diagram does not account for:* + +* *Trading Halts: for a particular security, and for the market as a whole (Question: We know that, for a particular stock, halts occur due to 10% price moves over a 5-minute rolling basis, but is there any mechanism that limits the actual price change to 10% in-between those halts (i.e., could the price rise 15% on a single trade before a halt begins?).* +* *Brokerage sell limits (i.e., 600% of current market price, $X-XXX million dollars single-security sales cap)* +* *Actual buying and selling behavior of market participants* +* *Any other conceivable influence* + +https://preview.redd.it/5peu0m9utfd71.jpg?width=939&format=pjpg&auto=webp&s=950b840c7366ebfee4831e92f3430844f5b6f781 + +********************************************************* + +# SECTION 3: What Might Happen if GME Has This Type of Shortage? + +********************************************************* + +*Disclaimer: This sort of thing has never happened before. Nobody knows what will happen immediately before, during, or after an Infinity Pool MOASS. Everything in this Section is best classified as an "educated" guess.* + +Ok, now on to our favorite stock. Just for fun, I am going to posit a thought experiment: *what if an Infinity Pool really happened to GME stock*? This section will be shorter and less detailed, partially to save the time and space, and partially because of all the unknown factors. + +********************************************************* + +**3.1. Base Assumptions of This Thought Experiment:** + +* GME has experienced a MOASS with an *Infinity Pool* that equals or exceeds 1 Float +* The price has "stabilized" at some ungodly, unfathomable number +* Zero shares are trading hands +* Despite zero available supply, *Quantity Demanded* (unclosed short positions) still equals or exceeds 1 Float +* Realistically, an "Infinity Squeeze" cannot be allowed to exist in perpetuity. It's an economic black hole that will need to be resolved before a sense of economic normalcy can return. +* Generally speaking, most people would have no fucking clue what is happening and might be shitting their pants a bit. The media will surely have a lot to say. +* I believe that by this point, DTC & Co. will essentially be the sole hodlers of a float-sized bag of financial excrement with the density of a black hole. + +What the actual fuck might happen in response to this scenario?? Seriously though, please share any thoughts/ideas in the comments. + +********************************************************* + +**3.2. How Does One "Drain" an** ***Infinity Pool?*** + +"Draining" an *Infinity Pool* requires one key thing: restoration of liquidity. Restoring liquidity requires a previously unavailable supply of shares to become available, which begs a 2-pronged question: + +1. *How many shares would be required to restore liquidity?* +2. *Where would they come from?* + +********************************************************* + +**3.3. How Many Shares Would be Needed to Restore Liquidity?** + +A lot. + +The actual answer is highly dependent on the quantity of the *Shortage*. Regardless, if enough real shares make it back to the market, they could be traded back and forth enough times to bring the price back to Earth; the rate at which liquidity normalizes would depend on how many of those shares are available. + +Key Takeaways re: Restoring Liquidity: + +* When a counterfeit share is used to close a short position, the phantom share disappears from circulation +* When a real share is used to close a short position, it is returned to a lender who themselves must sell it back to the market before that share can recirculate. Potentially, some portion of these shares would be owned by institutions and be under some form of trading restriction (e.g., ETFs). Returning real shares that cannot be recirculated has the same impact on liquidity as closing with a counterfeit. +* If an *Infinity Pool* = 1 Float, then adding any quantity of shares will increasingly restore liquidity +* If an *Infinity Pool* = 1 Float, then adding 1 Float of shares is guaranteed to fully restore liquidity +* If an *Infinity Pool* = 2 Floats, then adding 1 Float of shares cannot possibly restore liquidity + +********************************************************* + +**3.4. Where Would the Shares Come From?** + +Again, please share any thoughts/ideas in the comments. + +If you needed to acquire a fucking shitload of shares (however many it would take to restore liquidity - 1 Float would likely suffice) and there were zero available at the market , there are two possible sources: + +1. GameStop itself +2. GameStop shareholders + +***Theory #1: GameStop & SEC negotiate the "Mother of All Share Offerings"*** + +IMO, some variation of this theory would have the best outcome for all parties involved (except the shorts, because they are fuk). + +Under its Articles of Incorporation ("AOI"), GameStop is authorized to issue up to 300,000,000 shares of its Class A Common Stock. You may know where I'm going with this by now. + +The government has a gigantic mess to sort out. They can't just take shares from the shareholders. They can't create more shares themselves. They can't just cancel the economy and try again next time. They also can't allow the stock price to sit at unfathomable numbers without resolving the situation. Resolving it in the courts would take months, if not years. There's no time for that when reckless over-leveraging and criminal counterfeiting of stocks has brought the economy to the brink of a depression. + +Enter: GameStop. In this scenario, the government asks GameStop to issue enough shares to restore liquidity and normalize the price. After all, they have roughly 220,000,000 more shares to issue under the current AOI, which *should* be sufficient to fully restore liquidity. The most pain-free way to do it would be to issue enough shares to close all remaining short positions, rather than issuing a portion and allowing the positions to unwind over time. A hefty price tag is negotiated, and at this point the Fed it probably footing the bill. The shares are delivered to DTC & Co, where they are used as some kind of black-hole-neutralizing financial anti-matter. Overall, it's a major double-edged sword. Printing cash would suck major ass, but the government would likely collect multiple times the GDP in revenue when taxes come due. + +Whether or not any aspect of such a negotiation would go to a shareholder vote for approval depends on some combination of the law/ GameStop AOI/ GameStop bylaws. Either way, GameStop now has a boatload of cash. Although the outstanding share count would be significantly diluted by adding 1 Float or more, GameStop could use some of the extra proceeds from the "offering" to compensate shareholders for the dilution: + +>A special dividend is a non-recurring distribution of company assets, usually in the form of cash, to shareholders. A special dividend is usually larger compared to normal dividends paid out by the company and **often tied to a specific event like an asset sale or other windfall event** \[emphasis mine\]**.** + +That said, I'd rather the company just keep all the cash to really juice up that growth strategy. If a dividend was approved, I'd probably just reinvest immediately because I like the stock. + +*Open questions:* + +* Is this possible? +* Would there be a special dividend for existing shareholders as a result of such an offering, and how would that work? + +***Theory #2: Shareholders sell enough shares to restore liquidity*** + +*Psych.* + +This is theoretically possible, but given that, in this scenario, 1 Float+ did not sell during the MOASS, it seems be rather unlikely that shareholders would sell their shares (especially given the non-zero possibility of *Theory #1* occurring). Thus, this theory does not merit much discussion beyond mentioning that it would be contrary to the initial events that led to the need for additional liquidity. + +Additionally, the time and complications involved if institutional investors were to somehow violate their trading restrictions in order to release their own shares into the market for liquidity would likely prohibit use of such a solution. + +Personally, I want so badly to keep my shares in my family, that I'm going to seriously consider a trust instrument to hold the stock for my descendants in a beneficial trust as long as legally possible. Hell, I wouldn't even have to wait for the MOASS to do that. + +********************************************************* + +# Conclusion: Key Takeaways + +* ***Infinity Pool*** **is a metaphorical tool that can also be expressed in Microeconomic terms.** Empty threats of market manipulation cannot censor this concept. *Infinity Pool* refers to independent and unrelated events, investment decisions, and market conditions that impact the available supply of an exchange-traded security. An *Infinity Pool* is also a very unique type of *Shortage*. +* **Short selling (counterfeit short selling, in particular) carries the risk of infinite losses, and an** ***Infinity Pool*** **occurring in a heavily shorted stock is exactly how that happens.** The risk of loss on a short sale is theoretically unlimited since the price of any asset can climb to infinity. An asset doesn't climb to infinity off of organic growth, it happens due to unimaginable extremes in market conditions. The secret ingredient? Yeah it's crime, but it's also government complicity, an unsustainable and dehumanizing culture of greed, and a financial system that uses derivatives, leverage, and information warfare to leech and hoard the wealth of a nation. +* **Increased short-position reporting requirements and much tighter restrictions on shorting practices are absolutely necessary to prevent criminal wealth hoarding.** Imagine if institutions/investors were required to disclose the details of any short position that exceeds 1% of a company's outstanding shares. Imagine if short positions were capped, say at 5% of a company's outstanding shares. Imagine strict fines and penalties for predatory counterfeiting of exchange-traded securities. Imagine a market where you can't possibly bury a galaxy-sized short-position in derivatives or play hot potato with short positions and FTDs. +* **GameStop** **could end up in the position to negotiate the "Mother of All Share Offerings."** This would be a potential solution to restore liquidity in the aftermath of an *Infinity Pool*. +* **During a MOASS, limit orders are the only way.** How can you name your price if you let the market choose it for you? + +********************************************************* + +**Further Reading:** + +[/u/wladeczek44](https://www.reddit.com/user/wladeczek44) performed an interesting analysis on the potential minimum possible quantity at which liquidity would be deadlocked and create an Infinity Squeeze, depending on the amount of counterfeit shares in circulation (posted in a sister-subreddit). I highly recommend finding that post and checking it out. + +********************************************************* + +**Parting Thoughts:** + +Over the past 7 months, my GME shares have become my most prized possession. They represent so much more than a piece of ownership of a company, that it's truly indescribable. Whatever your circumstances, there are millions of others who are eager to do everything they can to improve their communities, and repair some of the last few centuries of damage. The world can be a much better place. + +********************************************************* + +**ta;dr: My favorite holding period is forever.** + +edit: fixed some formatting +May seem like an obvious thing for veterans but when I entered the crypto world I though that Coinbase PRO was the premium version of Coinbase and that a monthly membership or something would be required to use it😅. For begginers: the biggest difference between the two is the interface. Coinbase may be more user-friendly but in Coinbase PRO the fees are much lower so you should definitely learn to use it. Enjoy the gainz! +I have been stuck in low wage zero hour work since I left university 4 years ago, I have applied for more senior roles in different jobs but never heard anything back. I thought my CV needed changing so changed it up but was hit with rejections still. I feel so downtrodden and cannot afford much after bills and rent it is growing super depressing and at times beginning to think suicide is the way out of this situation. I cant even believe at 30 years old with a degree and postgrad quals I cant get a good job in anything yeah my degree was in art and design (awaiting the laughs) and I have a teaching quals. I found teaching was hard pressing on my mental health and left me feeling more depressed and burnt out. I am currently working as a support mentor at a college but the hours and the pay are terrible and with Covid making everything close down (I live in the north of the uk) I will soon be out of the job most likely. Things are looking bleak and I do not know what to do next any help from anyone who has been in my position would be of value. Just keep reading about everyone on 50k and 100k plus on here and it is making me feel super worthless just feel trapped in this life currently. +I'm 26 and thought about putting a down payment on a house for about a year now. The plan is to rent it out and have it cover the mortgage plus a little. Goes without saying I'll need to do my due diligence when picking but is it a good time in the housing market? +Looking to buy another vacation, so far I'm eyeing the eastern side of South Florida, Phoenix, but corpus christi I feel is very underrated from what I been reading. Anybody here has property there? Any feedback? +My and my partner have been living a barely scraping by existence for the last 5 years. We have dreams of buying a house. She thinks it's unlikely we would be able to anytime soon. I know the truth. + +She spends so much money on stupid shit. She had a microtransaction problem. She smokes weed like Snoop. She decorations for every single holiday. There is a constant stream of items coming amazon. + +She talks about wanting to budget but never goes through with it. How do you force the issue without alienating them? +Reposting from r/Fire based on comments + +I have been following FIRE movement and listening to financial podcasts for many years. So far, I have been able to investment on my own and benefited significantly from 10+ years of market returns. However, I am getting to a point where I feel I need some professional help. I want to get some feedback on my future direction from the FIRE community. I will start with some background. + +1. We are blessed to have very high household income. Over 700K+ before tax. +2. We don't have any debt. No mortgage, no car payment, no CC, no school loans. +3. We have 2 kids. Their 529 plans (VG age based) are well funded. +4. Our yearly expenses are around 75K. +5. We are investing around 350K to 400K every year. + +Here is what my investment scheme looks like: + +1. 60K + 60K MEGA backdoor ROTH for myself and wife. Going into VG target retirement fund. +2. 6K + 6K regular backdoor ROTH for myself and wife. Going into VG target retirement fund. +3. 7K HSA going into VG s&p 500 index fund. +4. 240K going into VTSAX brokerage account. DCA 20K per month. + +I am not comfortable hiring an advisor to manage my investments. However, I am getting overwhelmed doing it all by myself. I have been thinking about talking to a fee only advisor to get some feedback. But my last experience talking to an advisor wasn't great. + +My specific questions: + +1. Is there any other tax efficient investment option that I might be missing? I heard some kind of annuity works well for high income earners, but I can't find much details. +2. Do you suggest doing something other than VTSAX? + +I was looking for some info on MEGA backdoor ROTH going away as part of the infrastructure bill. I am glad to stumble upon this FIRE reddit community. I am hoping to learn from our combined wisdom. +If someone said to you: "Life is totally meaningless. We live. We die. So what's the point?" what would your answer be? + +I'm on the verge of fatFIRE. My net worth is 5m+, \~16% of which is my paid-off house. I'm an early 50sF, living in a small 1930s cottage in the woods, near the beach, within commuting distance of a VHCOL area. One child, in college. Money made through a combination of inheritance, income at a FAANG, and index-fund investing. When I do FIRE, I expect my burn rate to be about 120k-150k. My expensive hobbies are travel and home improvements. + +And here's my own answer to the question: You’re right. Life is meaningless. + +“Meaning” is not something that is handed to us as we passively receive it from above or from something outside ourselves. Each of us gets to create it for ourselves. Life is a creative process in which we are constantly making and remaking goals, experiences, thoughts, and feelings that can add up to something, but doesn't need to add up to anything. + +We're here, which in itself if pretty fucking amazing. Most of the universe is nothingness. We’re not nothing, so that's something to celebrate. + +Since you happen to be a not-nothing, a something, a someone who can do things, you might as well do something nice for somebody or something who’s (amazingly) also a someone or a something with you here at the same time and place. + +Learn. Teach. Create something funny or beautiful or sad. Make someone laugh. Take great care of a dog or a cat. Hold someone as they cry. Allow someone else to help you. Raise a child. Plant flowers. Make yourself useful in some way. + +Find your own way, or work on it collaboratively with a partner or friend. It’s pretty freeing to realize that you get to figure it out for yourself. + +As people who've achieved or are striving for fatFIRE, you are already quite familiar with the concept of making yourselves useful. The trouble is that the path to fatFIRE often involves a lot of discipline. Once we reach it, the need for discipline is gone and we can feel lost. + +By remembering that life is meaningless unless we create the meaning for ourselves, we can begin to get a grip on what to do and how to live interesting lives--even while not tied down to a job. + +What would be your fatFIRE answer to the question: "Life is totally meaningless. We live. We die. So what's the point?" +Many of us have hobbies that make a little money and perhaps your goal is to do more of that during full FI. Remember that your big store of cash is at risk if you get sued doing your side hustle. + +To give you an example, I am a photographer and a fitness coach. My current photography project involves taking photos of some relatively risky acrobatics/gymnastics moves. I'm liable for accidents in this environment. While it's unlikely any of my clients would sue me, I'm nervous about those guys doing crazy stuff for the camera and having an accident. + +So I'm about to LLC ("Limited Liability" Company!) my photography & coaching business. I make like $1k a year right now, so it's definitely not for tax savings. But it is definitely to ensure I'm not putting my nest egg at risk + +* EDIT: Proof that "being wrong on the internet" is the fastest way to learn what you need to know. +* TLDR: get insurance, screw LLC +SCHD w/ DRIP vs JEPI w/ DRIP + +To set and forget for 15-20 years: + +Does SCHD’s growth potential (along with the 2.87% dividend) outperform the JEPI 7.2% dividend over 15-20 years? + +JEPI is up 6.25% over the last calendar year, SCHD is up 7.38%. How much growth can we reasonably expect from JEPI? + +I have my opinion, but I’m looking for yours. + +What do YOU think is the best long term play? +Can someone tell me if my math is correct? My goal is to get to a point where my O drip will net me basically an extra share per month. + +I used round numbers to make things easier, but these are the numbers I used and the math that followed. I'm also not taking into account compounding or increase in dividend or anything like that. Let's imagine I'm buying all the shares at once. + +O share price - 70 + +Dividend per month per share - 0.24 cents + +300 shares X 0.24 cents dividend = 72 dollars per month total + +The 72 dollars should cover the cost of 1 share if I reinvest automatically. + +If I buy 300 shares, it would come out to a total principal investment of 21,000. + +Have I been looking at these numbers and spreadsheets too long? Is my math right here or am I missing something? + +Thanks in advance and sorry for the bouncing around with the math, hard to put it all down on paper neatly. +Most ppl see O as a safe and consistent investment and I was wondering if there are similar examples in the other sectors that could be pointed out +Thanks in advance +Ultimately, you do you. I don't care what you do with your money, but I thought I'd offer an argument for anyone flirting with the idea of selling a portion of their shares when we inevitably rise over $300 again. + +This time is not like last time. These are not the same runs. When we ran in Jan we were over 200mil volume. When we ran in March we were over 150mil. When we ran in June we were over 17 mil in volume **AND we stayed over 300 for 2 days**. + +Right now we're up $10 on 550k volume. + +Sorry, again for the people in the back. + +# Right now we're up $10 on 550k volume. + +This run will be different. You risk having to FOMO back in as you choke on rocket exhaust. While I'll appreciate your added buying pressure to the MOASS, don't confuse these events. Same Same but different. +Edit: Sorry for the typo in the title. \*Can't + +I'm going to try to be calm about this, but it's really difficult when I've lived through multiple bubbles where big money had new laws written for them virtually overnight to protect them from failure. + +Guys, they can fuck you over. They absolutely can. I worked in wealth management in 2008. I heard it from professionals. I heard it from the media. I heard it from lawmakers. "Investment banks can't go bankrupt." "The government can't invest in the private sector." "The government can't bail out the automakers." + +I heard it in March 2020. "The entire world can't shut down." "The government can't subsidize the entire American population." + +There's only one ingredient needed to achieve the "impossible". It has fucked over many individuals in the past and it will continue to fuck people over well into the future. It excuses everything from financial crimes to genocide. It magically changes societal views in the blink of an eye and gets whole populations to be ok with things that they never have been okay with. Want to know what that ingredient is? 4 magical words: "For the greater good." That's it. + +When MOASS hits I can tell you ~~exactly~~ what I think is likely to happen. Every large broker runs to their favorite "civil servant" whose election they paid for and say, "We didn't know the shares were fake and we can't be on the hook for a crime committed by Citadel. We will go out of business if you don't do something. The DTCC will go bankrupt and the fallout will throw the entire world economy into chaos leading to wars and famine everywhere." A law will be written overnight that "Protects MM and brokerages acting in good faith against systemic risk created by bad actors acting independently." The antidote will be what the government considers "fair". "If you pay your clients back exactly what they bought in for then we will excuse you." + +Please hear me out. So many of you are unwilling to fully accept how rigged this game is against us. There is so much information on this sub that confirms how rigged the game is. DRS is your best chance to improve the system and your own position. Don't avoid a 10 minute call that has no downside and can save you a lifetime of regret. + +Cheers to all apes, even if you don't DRS. I wish the best for you, but please don't throw jealousy hate at me when my shares are safe and you get a refund. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Edit 2: Please note that I categorized this as speculation. I don't know "exactly" what will happen and changed that wording. Nobody does. But I do think that what I've outlined above is not only in the realm of plausible, but very much in the range of probable. One thing I would change is that another likely outcome is a government-backed settlement. More than just a refund, but well below the full potential of unhindered MOASS. Last, I'm not trying to scare you into doing anything you don't want to, but I am trying to get you to consider the full range of possible fuckery and understand that DRSing potentially gets you more privileges during MOASS. Cheers! +After a recent dinner table conversation I was a a part of I am interested to see what this community thinks. What would you personally think would be considered a "good job" when all things are considered; the pay, benefits, perks, enjoyment, hours, environment, co-workers, security, longevity, the tasks, the boss, the commute, the ethics of the business, etc. + +Edit - Bonus question. How high would the pay have to be for you to do a job where you dread going to work each morning? Inversely, how low of a salary would you accept for a job where you genuinely enjoyed going to work? +Here are some of my (totally ill informed) predictions; + +- Aud fall to 66c as rising US rates cause capital flight from Australia. Mining and tourism boom as a consequence. +- continued massive falls in the nasdaq and accordingly the asx, but we won’t be hit half as hard as America or Europe due to weak aud. +- We’ll have flat gdp growth in the first quarter of 2019 calendar year as companies lay off staff and restructure due to said asx falls. +- the Housing Crash doesn’t materialise and prices flatten out. +- However, big falls in Melbourne and Sydney premium properties. Houses will take a lot longer to sell and auction clearance rates will be low as people shop around. +- rba cuts rates +- xi and trump make friends mid 2019 + +Thoughts ? +I cannot imagine the number of violent and legal threats DFV has received throughout this process. He has been openly mocked, threatened, and even aggressively challenged by an active senator. His intelligence and conviction are impressive. To be clear, I am not in GME because of him. I just like the stock. But I am impressed by his level of resolve. After this is all over I genuinely hope that he has the happiest life somewhere. He has helped bring attention to the mass inequality that exists across socioeconomic lines, and m ore impressively, he has done so by merely having conviction about a singly security in which he believes. The same goes for Rensol, Pixel, Redchessqueen, Wardenelite, and the countless others that have stuck their necks out for the causes in which they believe. To be clear, those causes include the opportunity to trade fairly in a truly free and equitable market. That will help reduce national and even global inequality directly. +The more I read into Blackberry the more I'm starting to believe Blackberry is actually a great investment for the longer term and it looks to me like they're (still) quite undervalued (maybe even really undervalued) and have a great future ahead at this point. + +I also noticed they have never been mentioned in any of the countless "EV threads" while they're actually quite heavily involved in EV? + +Might their reputation of "failed phone company" be a reason for them barely getting any attention? (Until the last couple of days of course). +All people I started talking to about investing $BB started laughing immediately, even people who have been into stocks for quite a time. + +I'm really interested in your opinions about this company! +Due to increased focus on the situation with rising utility prices, we're trying to build out a megathread to capture discussion around this topic. + +This will be evolving with the subreddit, and we will try and make this as relevant as possible, with the help of everyone who wants to participate. + +#### **All other posts around this topic will be removed from the subreddit.** +____ + +To keep the discussion subreddit relevant, I've set some (rough) guidelines to help keep everyone on-topic. + + +1. What to do if your supplier has gone bust + - https://www.bbc.co.uk/news/business-58662667 +2. Best plans on the market +3. Any corroborated relavant news + +___ + +# What about Bulb? + +Bulb appears to be okay - for the moment: 'We buy our energy in advance and this means we're protected from the current wholesale costs that some smaller companies have struggled to manage.' + +- https://bulb.co.uk/blog/energy-in-the-news + +# What about Octopus? + +They're backed by a very large corporation, also called Octopus, so can handle short-to-medium term losses. + +#What are the actual OfGem caps? + +Have a look at this discussion. https://www.reddit.com/r/UKPersonalFinance/comments/q770um/does_anyone_know_the_actual_ofgem_unit_rates_and/ +# Intro + +A very common question in the daily discussion thread is whether to accelerate payments toward low-interest debt or invest the money in the market. Mathematically, if the market is *expected* to have a higher after-tax return than the debt, then it's optimal to invest in the market to get the higher returns and then apply those higher returns to repayment of the debt as late as allowable. The volatility of the market means that you have to be willing to take the risk the market may underperform in the relevant time period, making your bet a loss. + +I bonds are currently a risk-free option to delay repayment of low-interest debt. **I bonds purchased in October 2021 and sold in January 2023 will have a guaranteed return of around 5.33%.** + +**** + +# I Bonds Explained + +[Series I savings bonds](https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds.htm) are a unique bond offering by the US Treasury. The [Bogleheads wiki](https://www.bogleheads.org/wiki/I_savings_bonds) does an excellent job of walking the new user through the relevant mechanics, but I will summarize the high-yield points below. + +* **I bonds can only be purchased through the Treasury.** The most common way to purchase them is electronically through the Treasury Direct website linked above. +* **I bonds are guaranteed never to lose money.** The will, by design and by law, return the principle amount invested plus an adjustment for inflation such that the minimum real return (before taxes) is 0%. +* **The typical purchase limit for I bonds is $10,000 per person per calendar year.** You can buy $10k in I bonds in Dec and buy another $10k in Jan. +* **You cannot sell I bonds within the first year of purchase**, and if you sell within the first 5 years you forfeit 3 months' worth of interest. +* **I bond interest is composed of a fixed rate and a variable inflation-adjusted rate**, the latter of which is adjusted every 6 months. +* **I bond interest is taxed federally and state- and local-tax exempt.** + +I bond rates are set every six months in May and November, and no matter when you buy you will get 6 months' worth of interest at the prevailing rate at the time of purchase: + +Issue month of your bond | New rates take effect +---|--- +January | January 1 and July 1 +February|February 1 and August 1 +March|March 1 and September 1 +April|April 1 and October 1 +May|May 1 and November 1 +June|June 1 and December 1 +July|July 1 and January 1 +August|August 1 and February 1 +September|September 1 and March 1 +October|October 1 and April 1 +November|November 1 and May 1 +December|December 1 and June 1 + +**** + +# I Bonds as a Risk-Free Hedge + +From the above, I hope it is now plain that if I bonds are offering a nominal after-tax return that's higher than your low-interest debt, you can put up to $10k per year into I bonds, hold them for as long as the return is higher than your debt, and sell them for a profit. If you have the cash to put an extra $10k into your mortgage or student loan at 3% you could instead put that $10k into I bonds for 12-15+ months. **As long as the after-tax return on I bonds exceeds your other debt, you come out ahead with zero risk.** + +**** + +# Buy Now or in November? + +You may have heard that the annualized interest rate on an I bond is currently 3.54%, and will jump up in November to 7.12%. Should you buy now (in October), or wait for November? The key here is to realize that you always get 6 months of whatever the prevailing rate was when you purchased the bond, and you always get the future rate increases just offset. + +If you look at the table above, buying in October means your rates are set and reset in October and April each year. This means that if you buy now, you will get the 3.54% annualized rate from October '21 to April '22. In April '22, you will start getting the 7.12% annualized rate from April '22 to October '22. Starting in October '22, you will get whatever the rate was when it was reset in May '22. + +If you buy in November, you immediately get the November '21 rate of 7.12% (annualized). This lasts until May '22, when you start getting the rate that's set in May '22. If you buy in November or May of any year, you are "on cycle." + +**If you will sell in October 2022** (and thus forfeit 3 months of interest from July-September at the Nov '21 rate of 7.12% annualized), wait until November '21 to purchase because by purchasing in November you will immediately start at the 7.12% annualized rate and the interest you forfeit will be whatever the May '22 rate is, which is almost certainly lower than 7.12% annualized. + +**If you will sell Jan 2023 or later**, it is *likely* better to buy in October '21. You will get the 3.54% rate until April '22, then the 7.12% rate until Oct '22, then whatever the May '22 rate is until April '23. If the May '22 rate is lower than 3.54% annualized, you'll forfeit 3 months of that lower rate and come out ahead. + +**** + +# Other Miscellany + +Remember to factor in federal taxes on your interest. If you get the guaranteed 5.33% interest highlighted in the Intro, remember you will pay federal taxes on this. If your federal marginal tax rate is 22%, you will have an after-tax return of 4.15%. This is still better than any other guaranteed money in 1 year and beats many low-interest loans out there. What I would recommend is that once you see the after-tax I bond rate drop below your debt interest rate, hold it for 3 additional months (i.e. the months you'll forfeit) and then sell. + +You can time the purchase and sale of I bonds to reduce the forfeited interest to 2 months and a few days. When you purchase an I bond, the sale is backdated to the first of the month and you are credited for interest for the entire month. So an I bond purchased on October 31 will give you interest for the entire month of October and act as if it were purchased on October 1. When you sell an I bond, you get no credit for a partial month, so it is in your interest to sell at the beginning of the month. So if you purchase on October 31, 2021 and sell on October 2, 2022, you will have owned the bond for 11 months and 2 days. You will get credited interest for 9 months (forfeiting the last 3 months), losing out on only 2 months and 2 days of interest. +My SO and I are just learning this after two years of filing taxes. I'm in school full time and only work odd jobs now and then while my SO works full time. Two years now we've had to pay in taxes to the IRS, but this year we can actually get a refund. + +[Source](https://turbotax.intuit.com/tax-tools/tax-tips/Family/Can-I-Claim-a-Boyfriend-Girlfriend-As-a-Dependent-on-Income-Taxes--/INF14242.html) + +EDIT: As one user pointed out, you have to have lived with your SO for the entire year for this to apply. +I was let go from my work yesterday...still kind of in shock mode. I would have made 30 years with the company this year. I don't think I have enough money to retire...I still owe about 250k on an 800k mortgage. I was told by the owner of the company that they will put together a big severance package which should include buying back my share of the company (I own about 15% of the company that's worth 5 million). He doesn't want to involve lawyers but I have the feeling he will try to screw me over. + +Anyway...how much severance should I be looking at? What should my next steps be? +Just a quick one but very important. + +This morning I received a notification on my Monzo app of an active card check. I wasn't doing anything at the time and I didn't recognise the company it was being checked for. I immediately froze the card on the app. + +12 minutes later and attempt was made to charge £169.40 to a Go Fund Me account! It was declined because of the card freeze. + +If I hadn't spotted the notification of the check in time this payment may have gone through. I am so pleased that it notified me and that I was able to freeze the card instantly. Such an amazing feature. I have now ordered a replacement card. + +Stay vigilant everyone! +Saw a headline today on Yahoo finance that asks "Will EXC crush estimates at its next earnings report?" and made me think - doesn't that mean that the analysts just F'ed up? +I sold. I put my life saving of 56k into spirit RCL, CCL, and Sixflags. I cashed out at $120k. I couldn’t take it any more. I bought bitcoin in 2017 and it went 4x and I held. I went from 65k to what is worth 15k now. This feels like 2017 bitcoin. These numbers don’t add up to the value of the stocks I held and am happy with my profit. Even finally showed my wife the portfolio balance. I did put everything into JNJ, AMD, AAPL and MSFT. + +If my travel stocks double next month I will be happy selling at a profit. I wish you all great success in your picks! +**Edit**: Note that the lower limits are speculation, but the upper limit is DD, which is why I settled on the "possible DD" flair. The true lower limit is technically 0 shorts, but many other DD writers have proven that 0 is not a realistic assumption. + +--- + +First off, lmayo at their [PDF title](https://i.redd.it/yqt6t1qk4pk81.png). It really says it all! + +--- + +I'd like to clear up the misconceptions that are circulating around the meaning of the numbers in Citadel's financial statement document. + +They describe their liability costs as "fair value." Page 3 (page 10 of the PDF) has the definition of "fair value," which is separated into three "Levels": + +* Level 1 is defined as the listed market price on Dec 31. + +* Level 2 is something that doesn't have a listed price, so they calculated the proce based on some "real" info that can be easily defined on Dec 31 and some info that they reserve the right to completely make up based on absolutely nothing (page 4 "fair value option") + +* Level 3 is entirely made up + +Page 6 (page 13 of the PDF) shows the breakdown of Citadel's liabilities: + +* The $65B is all Level 1, meaning they are referring to prices on Dec 1. However, this entire amount is in govt/equity securities and options, and **the $65B is not their short positions** + +* An additional $5B is Level 2. Out of this, **$4.527B are in short positions**. + +* They report no Level 3 liabilities + +--- + +Level 1 is only interesting because it shows they have about $36B in options liabilities. Options only have liabilities if you are the seller of the option because the seller is obligated to provide shares to the option buyer (call) or buy shares from the option buyer (put), but the buyer has no obligation to exercise the contract. + +Unfortunately they don't break this category down at all, but I would love to see the number of calls they're selling to the hopium-fueled anti-DRS crowd + +--- + +So Level 2 is all we really care about because that $4.527B is their short positions. But since it's Level 2, this number is almost entirely falsified. I have no evidence to back this up, but I think it's entirely possible that the "real" part of their calculation is just the interest on borrowed shares, while the "made up" part is their BS determination of the stock's "fair" value. + +For the below scenarios, remember: + +* Not all of the $4.527B is GME shorts. Citadel are soulless bastards, so they have shorts in other legitimately functional businesses as well. Although it's definitely safe to assume that GME shorts are the biggest percentage of their shorts. + +* Interest payments probably take up some portion of the $4.527B. Interest was possibly calculated at the Dec 31 price ($148.39) using the annual interest rate of 1% that was ever present until very recently. This means the number of shares (x) can be calculated as: + + $4.527B = (x)(fair value) + (x)($148.39)(0.01) + + x = $4.527B ÷ [(fair value) + $1.4839] + +* This assumes that they are paying interest on 100% of their short positions, which assumes no naked shorts exist + +Worst case scenario (for us), they assume fair value is the market price as of Dec 31, which was $148.39. So mathing that out gives a maximum of 30.2-30.5M shorts (depending on the percentage of shorts that are naked), or 40% of the shares outstanding. + +However, they didn't sell at $2.97, which means their definition of "fair value" is definitely less than $2.97. So if we're looking for a realistic worst-case scenario, let's say they used $2.96. In that case, the maximum number of GME shorts is 1.02-1.53B shorts (depending on the percentage of shorts that are naked), or 1,330-2,000% of the shares outstanding. + +In a best case scenario, their "fair value" for GME is "bankrupt", so they say they'll buy the shares at the lowest possible cost, $0.01. At that price, the maximum number of GME shorts is 3.03-453B shorts (depending on the percentage of shorts that are naked), or 3,970-592,000% of the shares outstanding. + +--- + +#tl;dr + +Assuming 100% of Citadel's shorts are in GME (bad assumption, skews the number of shorted shares higher), and that 100% of their shorts are *not* naked (really bad assumption, skews the number of shorted shares way lower) then Citadel has shorted 1.02-3.03 **billion** shares of GME. Even if we assume GME is only 10% of their short positions, that's still 102-303 **million** shares short. + +If 100% of those shorts are GME naked shorts, then we're looking at 1.53-453 **billion** shares short. + +If 10% of those shorts are GME naked shorts, then we have 0.15-45.3 **billion** shares short. + +And these are just the numbers that Citadel chose to report in a document where they are not legally obligated to tell the truth. ***BS only, baby!!!*** +[ARTICLE](https://www.nbcnews.com/business/business-news/americans-see-themselves-debt-forever-even-they-continue-borrow-n956281) + +&#x200B; + +It goes to show what a minuscule minority we are. Most Americans are resigned to be debt slaves forever. + +Yes, there are folks that can have their finances destroyed by health issues. However, let's not forget that Americans constitute 5% of the world's population but we consume 24% of the world's energy. On average, one American consumes as much energy as 2 Japanese, 6 Mexicans, 13 Chinese, 31 Indians, 128 Bangladeshis, 307 Tanzanians and 370 Ethiopians. So we consume a lot and you bet that much of it is shit we don't need, like oversized cars, houses, TVs, burgers and other shit that is not essential. + +We are also to blame for our debt slavery. + +&#x200B; + + + +# [Retail is having its best holiday season in 6 years](https://www.cnbc.com/2018/12/26/retail-is-having-its-best-holiday-season-in-6-years.html) + Has anyone SkinnyFIRE into FatFIRE? + +Just curious if anyone has done or thought about retiring frugally at a much lower draw (1.5%) and eventually let the portfolio grow into a more sizeable account and drawing normally in the later years. + +In my projections, I plan on have 1.6 million by 40 years old. My draw of 1.5% will put me at $24k a year which is more than enough for retiring overseas in countries like Malaysia, Vietnam, Philippines, Thailand, Indonesia, etc. While living on a 1.5% draw I can maintain an aggressive portfolio to still return \~7% meaning 1.6M X.07 = 112k-24k=88k annually saved. Roughly in about 10 years I would have over 3M and can then do a 4% draw for 120k a year. + +This gives me the benefit of retiring at 40 and having 3M at age 50 rather than work until age 46 and have 3M according to my projections. + + +Thoughts? + +Edit: Apparently we're going to call this r/MulletFIRE +Hello WSB - [as some of you may know](https://www.youtube.com/watch?v=WJgF_tqtGEs), I've been working on a book for quite some time. I'm happy to announce that it's finished and available on Amazon. Currently it's only on Kindle but it **will be available on print as well within 72 hours**: + +[LINK TO AMAZON](https://www.amazon.com/dp/B084CZKCSP/ref=sr_1_1?keywords=wallstreetbets&qid=1580421607&s=digital-text&sr=1-1) + +The book basically blames grown ups for creating such a fun, massive, and legal casino where everyone can play. And of course, the entire book is accompanied by stories from all of you throughout the years. Some of which you probably remember and some of which you may not. + +I wanted to share a PDF with you to include a free sample but the Terms of Service explicitly prohibit this, however you can read the first chapter or two for free right from the amazon store. I encourage you to do so. + +u/haupt91 got a chance to read it and had this to say: + +> I'm a little over half way through. I gotta tell you dude. I don't bullshit and I'm not gonna kiss your ass - but this is fucking great. The Jesse Livermore quote, the way the book is structured. The story-telling component in the beginning and the angle. It's really fucking good. I hope you release it right and have a gameplan. +I need help figuring out what I should do about this tax liability predicament that I find myself in. Let me take you on a journey of my bad personal decisions of the past 2 years. My first fuckup was discovering options in April of 2020, when stonks only went up. I put in hours to become acquainted with market terminology and studied options strats and stocks strats. Of course in the beginning it was a fun rollercoaster. Ultimately I ended up doubling my 5k account before i popped the question to the parents: “can i trade your money?” Little did I know that this jump would ruin my health and wealth… + +In november 2020 i had experienced massive loss and was down 50k on our principal. Then I found out about spac investing and shot up 150k before the end of 2020. I was pumped! I paid taxes the following year and all was good. Early in 2021 i hit it big on gme and more spacs and made 200k in an account still in my name. I then sold and transferred all that money over into an account in my parents name. This was my biggest mistake. + +Then came the crash of spac and popular growth stocks that sheep retail investors like myself scooped up, and long story short, my parents account ended -300k on the year of 2021, but the original account in my name is listed as up 200k on the year. I can’t file jointly with my parents, so i don’t know how to effectively file so that the IRS considers my family’s trading activity jointly. In other words, how do I avoid this huge tax bill that i can’t afford? I am an unemployed recent college graduate who’s already managed to ruin his life:( I’d really appreciate any input as I am really feeling the implications of my actions. Shame me, console me, advise me, notice me! Internet, please help. + +man…i’m so fucked…can’t believe i’d be on this forum like this… + +edit 2: Thanks for all the feedback and jokes everyone. Will definitely be finding help ASAP. These comments have made me sweat but have helped steady me and have given me great info and direction on what to do next. Thanks. +There's an old story in Panchatantra, a collection of ancient children's stories in India that goes like this: + +The scene is set in a thick forest where greenery is plentiful and animals are chilled. Animals are at peace all doing what they do best. + +The fox is bored with this lovely life. Decides to cook up a story to have some fun. + +Says that there's a feast on the other side of the forest and starts running "towards it" and as he meets more animals, convinces them that they need to join him in the sprint to the feast. Initially hesitant, they join in for the treat, first a few hungry ones and then, as the word gets around, more and more, even the healthy ones. + +A large number of animals are now desperately running "to get to the feast" ... Which they believe to be true since "someone told them about it". + +Having achieved what he set out to, the fox decides to chill, stop running and enjoy the panic. He loves his creation. Laughs at the foolish animals who are headed to the invisible feast. "How clever" he thought of himself as he sat in the comfort of his favourite tree, seeing the huge crowds run. + +Days become weeks and months and an increasing numbers of animals are "rushing to the feast". Continues unabated. + +After a while, when this gets boring, the Fox tries to tell them that it's all a made up story and there is no such feast, and it's all make believe. But none of them will have it. They're only increasing their numbers and pace. Some think the fox is trying to talk them out of the feast for his own selfish gains or that he's too lazy to participate in the feast. + +He can't seem to ignore that the crowds are increasing with days. Finally one day the fox thinks "I know there isn't any real feast, but WHAT IF IT'S TRUE"?! + +The fox decides to join the run too. + +This story has nothing to do with the bull run, since this was set before shares and options were invented. Just saying. +$ASRT will complete maintaining their nasdaq compliance requirements if it trades above 1$ at nasdaq closing. Afterwards, it becomes more likely that institutional investors jump into the wagon. It is already +10%! up! + +Edit: there is more to $ASRT than the compliance requirements. Multiple DDs have been posted in this sub. Check it out and do your own DD as well. + +Edit 2: as of 14:25 EST today, stock price is steadily fluctating between 1.13-1.15! High probability to close above 1 dollar at close. +I’m living in a kind of third world country (one if the stans) and the biggest banks are offering interest rates of 15-20%. These accounts come with requirements that are high for the general economic situation here but pretty low bar for an American income (maintaining a few hundred dollars balance). As far as I can tell there are no fees. + +The currency here fluctuates compared to USD, but as far as I can tell, not that much. The difference between the high and low this year represents a drop of about 5.5% vs USD (it has since recovered and is at a 3% drop YTD compared to USD currently), but even if you invested at the peak and cashed out at the worst time that would still come out to like a 13% annual gain (unless I’m doing the numbers wrong). + +So yeah, I’m not sure if the confidence/perceived risk is just really bad or if there’s something major I’m missing. In general the country actually seems poised in a somewhat positive trend, having recently taken in a huge amount of Russian refugees who largely bring a higher income history, education, etc. compared to locals. + +At a glance this sounds way too good to be true, which to me means it is. What else should I be looking at? +I live in houston, tx. I'm 26, am female. i have a younger brother, 23, male, and autistic.we live with extended family and we have to be out of their home by the 1st of august. I'm not my brother's representative payee. The relative we currently live with and house we have to be out of is. i'm going to be starting a job on the 17th and I should be getting paid by the 29th. it's with amazon at $15.60 for 40 hours a week. 6:00 p.m. to 4:30 a.m. i don't have a driver's license or car. i have an idea of using the money to stay in a hotel for a week. i've looked up hotels near my job and have an estimate of the cost. not a definite because it'll likely change. i was thinking after getting my paycheck I can apply for a loan. use that money to stay at a hotel longer. live in a hotel while saving up for a place to live. i don't have past rental history. we were paying rent and some utility to older relative. i don't have a concrete plan. what should i be doing? what do about a place for my brother to be while I'm at work. i heard about respite care. how does that work. what do i need to do for him to be there. how do i get him out when i find a place for the both of us to live? +I am wondering if I am putting too much effort analyzing new listings hitting the market everyday within my price range. My market can change from block to block and returns vary widely so I end up analyzing a lot of them because it is hard to eyeball them. + +\- I have filters setup on Zillow, Redfin, Realtor for SFRs and Small MFs in 7 or 8 counties within a price range where I know there is cash flow potential. + +\- I get emails with results everyday so I click on those listings and then manually copy and paste numbers in an excel to see the cash on cash and annual return. If COC is more than 12%, I take the 2nd pass and put an offer + +\- This process can take 5-6 hours every week because I get 10-20 new listings everyday hitting the market. + +What is your process? Is there anything I can do better? +So an idea hit me as I was[ reading a post](https://earlyretirementnow.com/2019/08/29/you-are-a-pension-fund-of-one-swr-series-part-32/) by Karsten ("Big Ern") over on his blog EarlyRetirementNow. I'm not sure if this has been proposed before, but I couldn't find anything from a quick Google search, so here's the idea: + +In the post, Karsten makes a point that funding a pension fund for one (or two) people is actually more difficult than funding a pension fund of 1000 (on a per capita basis), and that this forms a significant part of what makes early retirement so difficult. I'd recommend you read [the post](https://earlyretirementnow.com/2019/08/29/you-are-a-pension-fund-of-one-swr-series-part-32/), as he explains it more, but the idea is very simple: you may live a very long time, so when planning for retirement that is a risk you need to prepare for. It's unlikely you'll live to 100, but the fact that you maybe just might, requires that you consider such a possibility. This requires that a safe withdrawal rate for a typical early retiree is very conservative, as one has to plan for time spans potentially on the scale of 50+ years. Taking this into consideration is extremely inefficient though, as you more than likely won't live so long, and so many early retirees will probably end up leaving a sizeable inheritance if they're properly managing their risks because a bias towards over-saving (too much money, but too many years worked) is a much better outcome than a bias towards under-savings (running out of money and thus spending your golden years eating cat food). This reasonable fear and corresponding response, of planning for the tail-end events, is probably not too unfamiliar to anyone who has thought about early retirement. + +But now the question that comes to my mind is: why are there so many people out there that are all doing what is essentially the exact same thing: creating a personal pension fund -- but in what is the most inefficient way possible -- as individuals? Why not band together, take advantage of the law of large numbers, and manage these tail-end events in the same way that insurance companies and pension plans have done for literally hundreds of years? That being: Sure, I don't know how long any given individual in the plan is going to live, BUT we have actuaries with tables that provide very strong estimates of how many in a given group containing X number of people will be alive in Y years, with increasingly high confidence for larger values of X, and using those figures, you can estimate with high likelihood how much assets will be needed to fund the fixed income stream. As Karsten points out in the post, given a pension plan with 1000 retirees and holdings that track a typical market return rate, the historical safe withdrawal rate is around 6% -- with the worst off cohorts being somewhere in the mid-5% range! That's a pretty significant premium, considering that this figure is coming from a conservative member of the FIRE community, who usually places his personal safe withdrawal rate in the range of 3.25 - 3.5%, below the 4% figure typically prescribed. + +That's somewhere in the ballpark of 50% - 100% higher of a safe withdrawal rate! This means if everyone banded together, it would be possible to retire at the same level of life quality, while still controlling for longevity risk, with only about half to three-quarters as much in assets! + +Considering the mix of talent in the FIRE community, from software engineers to financial advisors, it doesn't seem like a stretch that if the right people contributed their expertise, creating such a fund via an open source effort would be feasible. Such a fund could potentially be accomplished with little to no operating expenses -- which by default would make them incredibly effective over the current highly profitable (and arguably predatory) annuities sold by insurance companies who take a large slice off the top in these sorts of operations. + +Of course, there are some drawbacks that come to mind. For one, the way this fund works wouldn't be magic -- the fundamental mechanism driving its feasibility is the fact that some members won't live so long, and so by contributing to such a fund, not only do they get less money out of it than they in theory should get, but they also lose out on the ability to pass on an inheritance. I really don't think this is a deal breaker though. People who contribute to such a fund obviously wouldn't need to contribute 100% of their money to it, they could simply build an estate separately which could be passed on as an inheritance if they're interested in doing such a thing. And the fact that they would get less money from the fund than they put in isn't all that big of a deal, as this is the same thing that underpins any sort of insurance -- you're controlling for tail-end events by potentially paying for something you may not end up needing, but if you do, is beneficial and massively discounted. + +Another aspect to consider would relate to how the assets are managed. Again, although this feels like it could be more of an issue since there are ostensibly large variations in the FIRE community as to what assets different people own, the big idea isn't really all that different. It's pretty clear that passive investment returns through owning the market are the winning strategy for your typical FIRE retiree. Although some may push towards small-cap value, others gold, cryptos, or whatever the hell, just sticking with a Boglehead-type portfolio is something I think many people could easily get behind. With some cocktail of Vanguard (or similar low-fee) ETFs capturing a balance of world equities and bond markets forming the core position of the fund, I'm sure that could make everyone relatively happy. There could even be, as a part of the open source effort, a portfolio management system, perhaps with some sort of democratic process, for managing the fund's holdings. It may not be perfect for everyone, but the withdrawal rate provided by the compromise would still easily beat the alternative of the individually managed pension fund. And here we do find an additional benefit for the early retiree, as such a pension plan would largely eliminate the sequence of return risk, since the date one provides assets for the fund would become less significant to the fund's performance the larger the fund is, thus exposure to risk factors for the theoretical pension fund would stay relatively constant throughout its lifetime. I'm sure such a topic could be analyzed to death though. + +Another issue would have to do with people actually trusting the fund, as well as various legal / business obligations. What is probably the most difficult part of it all would be amassing a significant enough number of people for such a plan to work. An exit strategy would also need to be devised for those who want to take part or all of their assets out of the fund. Measures would need to be taken to allow for complete transparency to all members as to the fund's management. Details of such things would certainly be provided through a charter / prospectus / terms & conditions of some sort. I could also imagine that the typical FIRE community member would live longer than the average Joe because of better health and education, so the actuarial calculations would need to be run quite conservatively and with a consideration for such nuances. There's definitely other details to iron out, but as far as I can tell, none seem all that insurmountable. + +It may be a moonshot, but I just can't get the idea out of my head given how this hypothetical pension fund could be so incredibly beneficial to the early retirement community. + +Definitely open to hearing criticism. + +Any thoughts on the FIRE Fund? + +**TLDR:** What if we make a pension fund for the FIRE community to control longevity risk? + +&#x200B; + +EDIT: Thanks for all the responses I've been getting! It's interesting to see how some similar ideas to this have been tried, and I'm really not all the surprised as it isn't all that groundbreaking of an idea -- this thing called insurance (hah!) -- and I think Vanguard's Managed Payout Fund definitely catches my eye. I'm curious though if these products are all that competitive with a self-managed FIRE portfolio, as I would hope this idea would be. +I'm Power of Attorney for my grandmother and she is starting to show signs of Alzheimer's and dementia. She's lived by herself in Florida and its getting to the point where it's not safe for her to be alone. I'm planning on bringing her to NJ where she can stay with my in-laws for the holidays but at some point I have to figure out Assisted Living. Would it be better for her to go in Assisted in NJ or bring back down to FL? + +Everything is in a Revocable Living Trust and she seems to have a decent amount of money. $300,000 house, $200,000 in stocks, $150,000 in CD's and Savings. She won't qualify for Medicaid so how's the best way to pay? Can I start moving money into my accounts? Should I put the car in my name? I would like to keep the house for my own retirement someday. + +Thank you for any advice. +By Chris Dunn + +1 - Everyone’s a genius in a bull market. Real traders can survive and even thrive in bear markets or highly volatile markets. + +2 - Don’t be a blind bull. ALL markets are cyclical. Don’t be afraid of pullbacks or market crashes – that’s where you can make the most money. + +3 - There’s a big difference between a trade and an investment. + +4 - Fully plan your trade before you pull the trigger on the entry. + +5 - Entries are important, but risk & money management is where you make or lose money. + +6 - Beware of get-rich-quick gurus hopping on the crypto bandwagon over the past year. + +7 - Decide which types of trade setups or investments you’ll take and ignore everything else. + +8 - Don’t assume just because you’ve made a lot of money in crypto that you can just as easily make money in other financial markets. 95%+ of stock market traders LOSE money. The game is rigged. Stick to what you know works for you. + +9 - The best way to day trade cryptocurrencies is – DON’T! + +10 - The best way to profit in any market is to find something you think has big potential early (before the general public catches on), and invest assuming you’re going to lose 100% of your capital. It’s the “angel investor” approach. + +11 - You can’t control the market. The only thing you can control is your entries, trade size, and exits. + +12 - One market participant can completely destroy “good technical analysis”. + +13 - Don’t blindly follow trade alerts from ANYONE, especially random people on social media or chat rooms. + +14 - All financial networking marketing projects are ponzi schemes, period. + +15 - If you make a life-changing amount of money, do NOTHING for at least 30 days. + +16 - Trading isn’t about picking exact tops and bottoms in a market – it’s about catching the meat of a move. + +17 - Don’t turn a small losing trade into a massive losing investment. + +18 - Don’t set daily profit target goals – set long-term performance goals. + +19 - Learn to survive, then thrive. + +20 - The best charting indicators are price action and volume. You can use others, but it won’t necessarily make you a more profitable trader. + +21 - Trends can go way past what seems rational. + +22 - Don’t try to pick tops in a market. Wait for the market to tell you when the trend is over. + +23 - Don’t trade in front of big news events – it’s impossible to predict how markets will react. + +24 - The biggest challenge for most traders is their ego, or the need to be right. + +25 - You can lose 50% of your trades and still be profitable if you manage risk properly. + +26 - The best entrepreneurs and CEO’s typically make the worst traders and investors. + +27 - People with the best mindset for investing typically have a career in high-risk situations like firefighters, pilots, police. + +28 - Avoid pump and dump groups like the plague they are. + +29 - You WILL make every mistake in the book. Don’t beat yourself up when you make mistakes, just learn and try not to make the same mistake twice. + +30 - Don’t treat crypto exchanges like bank accounts. You don’t own the coins unless you control the private keys. + +31 - Crypto is a 24/7/365 market. You can’t catch every trade. If you miss one, don’t worry – there’s ALWAYS another trade. + +32 - Don’t invest in a coin unless you understand it inside out. + +33 - You can make money trading the momentum and hype in shitcoins, just don’t invest long-term. + +34 - Stay away from coins with low trading volume and low market caps. They are easily manipulated and you can get stuck in a position. + +35 - Don’t trade with money you need for living expenses. It’s called “risk capital” for a reason. + +36 - Think of yourself as a hunter – save your ammo for the big game. + +37 - Crypocurrency exchanges go down when there’s high volatility. If price hits a major target or buy zone, it might make sense to place some orders BEFORE everyone else. + +38 - Trading and investing brings all your emotions to the forefront – fear, greed, hesitation. + +39 - The hardest thing to do in trading is… NOTHING. This can also be the most profitable thing to do. + +40 - Just because a market is in a “bubble” doesn’t mean it’s going to die. Bitcoin has been through over half a dozen big bubbles and increased in price after each one. + +41 - Manage your trades in a way that would leave you with no regrets no matter what the market does. + +42 - Learn to think like a contrarian. If you’re someone who needs to have your opinion validated by everyone around you, then trading and investing isn’t for you. + +43 - The shorter the chart time frame, the less reliable the chart patterns are. The longer the time frame, the more variables affect price action and the harder it becomes to predict price. My sweet spot in the daily chart for trade setups and 60-minute chart for entries. + +44 - Some market conditions are great for pushing the gas on every trade setup you can find, where other market conditions call for you to slam on the brakes and step away from the markets altogether. + +45 - 90%+ of cryptocurrencies will eventually go to zero. Invest accordingly. + +46 - The mental side of trading is the hardest to master, the most under-appreciated skill, and will cause you to make or lose the biggest amounts of money. + +47 - The 3 biggest problems for traders are over-trading, hesitating on entries, and closing positions prior to profit targets when the trade is still intact. + +48 - You can make a career’s worth of profit in one year or one trade – don’t feel like every day has to be a home run. Play the long game. Be patient and wait for the best plays. + +49 - Don’t trust anyone else to trade for you. Manage your own high-risk investments (like crypto trading) or don’t participate at all. + +50 - Take the news for what it is – they��re trying to get views and clicks. They’re NOT looking out for your best interests or trying to help you make money. +I haven't seen a thread on the brief 'flash crash' that hit some European markets this morning. Particularly the Nordic markets: + +&#x200B; + +> The OMX Stockholm 30 Index slumped as much as 8% in just five minutes before recovering most of the losses shortly after. The index was trading 1.1% lower as of 1:00 p.m. CET, roughly in line with a dip in broader markets. + +[https://www.bloomberg.com/news/articles/2022-05-02/five-minute-flash-crash-in-nordic-equity-markets-jolts-europe](https://www.bloomberg.com/news/articles/2022-05-02/five-minute-flash-crash-in-nordic-equity-markets-jolts-europe) + +&#x200B; + +>STOCKHOLM (Reuters) - Nasdaq Nordic is looking into an unexplained plunge in equities earlier on Monday, which brokers Nordnet said was a "flash crash" triggered by a brief market panic, a spokesperson said. +> +>Nordic stocks had fallen sharply on Monday before partly recovering. +> +>"We have noted the very big price movement on our markets which took place during Monday morning and we are now in dialogue with the market about the reason for this," Nasdaq Nordic spokesperson Rebecka Berntsson said in an e-mail. +> +>She added that Nasdaq currently saw nothing to indicate errors in its own systems in relation to the equity market plunge. +> +>"We will get back to the market with more information as soon as possible," she said. + +[https://www.investing.com/news/stock-market-news/nasdaq-nordic-says-investigating-price-movements-after-flash-crash-2815015](https://www.investing.com/news/stock-market-news/nasdaq-nordic-says-investigating-price-movements-after-flash-crash-2815015) + +&#x200B; + +Very unusual. The markets seem particularly twitchy recently. +I would just be prepared, y'all. + +I am interested in real estate investments at some point in the future (although I'm more interested in "flipping" than renting), so I follow a few real estate forums. + +In general, it seems as if landlords are VERY upset about the moratoriums, etc. that are in place to prevent evictions. Many are already making plans for evictions as soon as they are legal. Etc. Many of them don't seem very sympathetic at all...they definitely have the "tenants should have at least some money in savings/they got a stimulus check/state+federal unemployment is a lot" mindset. + +I'd just be prepared, y'all. I know it's hard enough to pay rent during normal times, but I'd prioritize it if you can. Try to communicate with your landlord. "The date" when landlords can begin evicting people again is coming soon in many states. This is a scary time for a lot of people. Love or hate landlords, love or hate the rental "system," we all need a place to live. +My sister in law yesterday had her world blown apart I've done the best I can to help her for now but anything and any advice is needed ASAP. + +Her partner was supposed to get paid yesterday then he revealed he was fired at the beginning of December and has been going out everyday pretending to go to work. + +She works part time but did some overtime in December and earned £700, he normally earns about £1300 but had been paid £0. + +They have a two year old daughter which they get child tax credits for. They are currently claiming no other benefits. + +As of yesterday she kicked the partner out (I'm not sure if this will be short or long term, I suspect it's just for a few days) + +Her bills: + +Rent - £650.00 +Council Tax: £104 +Gas & Electric: £54 +Internet: £60 +Car finance: £113 +Car tax: £22 +Petrol: £30 +Water bill: £33 + +Obviously she can't afford to pay all of these but she doesn't know where to prioritize money, she still has the £700 in the bank. + +Yesterday I've applied for universal Credit for them as a joint couple and I've applied for council tax reduction. + +I'm not sure what else I can apply for them or do to help them out. She is unable to apply for a universal Credit advance until after her appointment on the 9th. + +Please and thank you for any advice. + +Edit: posted an update as a comment to the same thread here: https://www.reddit.com/r/UKPersonalFinance/comments/eigsxl/s_has_hit_the_fan_for_my_sister_in_law_any_advice/fcqyhhe?utm_medium=android_app&utm_source=share +I've reached my FI number. I've cut back on my hours. The end is in sight. + +However, I find myself vacillating between exhilaration and terror. Am I going to regret this? Should I work another 5 years? This lighter job isn't so bad (though the opportunity cost is significant). Once I walk away, it would be very difficult to return, and essentially impossible to regain my current earning potential. + +Does anyone else on the cusp of FI/RE have a severe case of cold feet? What did you do? +I honestly feel like the world is going to absolute shit for people who haven’t been paying attention. + +Inflation is insanely out of control, interest rates keep going up when people say “they won’t keep raising rates”. + +Gas prices are honestly getting to crazy levels and the supply chain is still in fucking shambles. + + + +Early, not wrong. Patience pays. +There were 4 years in which the dow was in red with the highest being -27% in 1974 and the lowest being -3% in 1978. Overall, not a great year for the markets. Obviously, this year is probably lost with inflation fears and the war in ukraine. what r your thoughts about this decade being similar to the 1970s? + +1978 -3 + +1977 -17 + +1974 -27 + +1973 -16 +Share prices in the energy-rich Gulf states nosedived Sunday following the sharp decline in oil prices and the expected rise in Iranian crude exports after the lifting of sanctions. + +The plunge in the first day of trading in the Muslim week also follows heavy losses in global bourses on Friday, when Gulf exchanges were closed for the weekend. + +http://www.businessinsider.com/afp-gulf-shares-in-free-fall-after-oil-rout-iran-deal-2016-1 +I am planning on starting an emergency fund of $5,000. I want to put it in an account that would accumulate a high amount of interest over time since I don’t expect to pull it out anytime soon. I also want to add to it as time goes by. + +I just started make a budget but I don’t know where to start or what accounts would be best. I also get a bit overwhelmed with the amount of options there are when I try to look it up. On top of that, I don’t know if the site I’m on is a reputable source or not. + +Any and all advice would be appreciated. +Hi! Sold a house to buy a house. Did min down payment of 20% because we knew we needed to do somethings with the $. + +Currently about $30,000 in savings. +Significant debts: mortgage of 204,000 +Student loans: 50,000 + +Remember I said I'm clueless. I'm wondering if having so much in savings will hurt us in filing our 2022 taxes? Should I quickly pay X thousands dollars to a student loan? If so, how much would you recommend knowing we still need some cash to fix up the new house (biggest expense would be fencing the yard). + +Thank you, kind, smart souls for your advice. + +Edit: I meant 2021 taxes, not that it seems to matter which is great to know. +MCFE has announced a special Dividend at $4.50/Share with EX date of 8/12, payable 8/27. Trading at $30.63 as of close Friday. Wondering how many will jump on this, or is there any comment out there about what the stock value will do post-special dividend (probably will drop by div amount?). Previous qrtly divs were .12/share and it looks like they are doing this special one due to having sold off their Enterprise business... I bought 50 shares just to watch what happens... Never been a fan of their anti-malware product, but am curious as to what is going on here with such a newly established stock (I believe they IPO'd less than a year ago... +Hey guys, last time I created this portfolio using Excel solver: + +[https://www.reddit.com/r/dividends/comments/ahe8ef/creating\_your\_own\_monthly\_dividend\_portfolio/](https://www.reddit.com/r/dividends/comments/ahe8ef/creating_your_own_monthly_dividend_portfolio/) + +This time, I did the same thing but using a lot of the popular monthly dividend paying stocks. The objective is to create a model portfolio that generates **$1,000 per month** in dividend income using the least amount of capital. + +I decided to use this article (which I found on Google) to help me model a portfolio stocks that I picked from here (all arbitrary picks, no real DD behind them): [https://www.kiplinger.com/slideshow/investing/T044-S001-16-high-yield-monthly-dividend-stocks-to-buy/index.html](https://www.kiplinger.com/slideshow/investing/T044-S001-16-high-yield-monthly-dividend-stocks-to-buy/index.html) + +I also added a few other monthly dividend stocks I found here and there through internet searches. In the end, I found 20 stocks that I wanted to work with. 20 being an arbitrary number but I think is a good number for diversification purposes. + +1. AGNC Investment Corp (AGNC) +2. Capitala Finance Corp (CPTA) +3. EPR Properties (EPR) +4. Gladstone Investment Corporation (GAIN) +5. Gladtone Capital Corporation (GLAD) +6. Global Net Lease Inc (GNL) +7. Harvest Capital Credit Corp (HCAP) +8. Gladstone Land Corp (LAND) +9. LTC Properties Inc (LTC) +10. Main Street Capital Corporation (MAIN) +11. Realty Income Corp (O) +12. Omaga Healthcare Investors Inc (OHI) +13. Orchid Island Capital Inc (ORC) +14. Pembina Pipeline Corp (PBA) +15. Prospect Capital Corporation (PSEC) +16. Sabine Royalty Trust (SBR) +17. Shaw Communications Inc (SJR) +18. Stag Industrial Inc (STAG) +19. Vermillion Energy Inc (VET) +20. Whitestone REIT (WSR) + +I ran Excel Solver on my spreadsheet table, with a few constraints, to determine how many of each of these shares I should purchase to earn $1,000 per month. + +One constraint was "no stock can be more than 7% of the portfolio". Again, another arbitrary number, but a number I felt comfortable with so that there isn't one stock that overweighs completely over the rest. + +The results were as follows: + +https://i.redd.it/7h19iy202ke21.png + +Many of the shares are in fractional amounts but we can use our own discretion as to whether we want to round up or down. + +I noticed that Solver said to allocate the least amount of capital to OHI, probably because it has a lower monthly dividend yield than the rest. + +I also didn't realize that GAIN and GLAD are probably the same company so there's some overlap in risks. + +I've written about the entire process and post here: [Monthly Dividend Income Portfolio](https://www.financeoholic.com/dividends/monthly-dividend-income-portfolio/) if you want to read more and download the Excel spreadsheet I used. +No debt, no property, no dependent - earn enough to pay all of my monthly expenses comfortably. Eventually I'd like to buy a house and have kids, but it's not happening anytime soon. +https://www.ato.gov.au/Individuals/Tax-return/2017/In-detail/Publications/Interest-on-early-payments-and-overpayments-of-tax-2017/?page=3#What_is_the_interest_rate_ + + +https://www.ato.gov.au/Rates/General-interest-charge-(GIC)-rates/ + + +what kind of horse shit is that. + +The ATO recently withheld my wife's tax return pending an audit for 3 months. the interest they paid on that was peanuts. Yet if my wife had to pay a tax debt of the same amount, she'd have paid almost 4 times the amount of interest in the same period. +Throwaway account for obvious reasons. I am posting this for others who may be debating about what to do with their BTC gains. + +First heard about Bitcoin in 2013. Ordered $8k worth of computer parts and took over the extra power in my house and built milk crate mining rigs. Kept them running, even as the price fell... As cards failed I didn't replace them. Long story short, I end up with ~80 BTC. + +During the "down years" before things really picked up steam I played around mining some other things, so I have around 65 Litecoin and 70 Ethereum. I messed around and spent some BTC just because I could, a couple BTC on online poker/casino sites to see how it worked... And that ill fated 1 BTC porn video from a Redditor who is probably laughing her way to retirement by now.... ;) + +Earlier this month I became a cryptomillionaire on December 10th. That was an awesome achievement. Luckily for me I've been involved in technology so I was already a millionaire in the traditional sense. Not anything too crazy... 4M net worth or so, but used to dealing with money and investments. My advice to others is based on 30 years in technology and being a high net worth individual since the early 2000's. + +Today I passed 1.5M in crypto wealth and I cashed out a third of my holdings to pay off my mortgage. I did this for multiple reasons: + +1. I think we are in a speculative bubble. I believe in crypto and blockchain technology. It is going to change the world. But the utility is not fully there yet. The current price, in my opinion, is overinflated relative to what these things are really doing in the world. I think there will be a correction but eventually things will really take off, similar to the dot com bubble. Having worked in technology since 1997 this is just my opinion based on my gut reaction to everything going on. + +2. Traditional banking needs reformed/to die. Why should a big bank get to collect thousands in interest from me every year? I view selling some of my crypto and clearing a major debt as not only a personal gain but a vote against the system. I would encourage anyone who can clear debt against existing fiat to do so. I would rather put $1k back into crypto a month than be giving $1k in interest back to the banks. + +3. You are not investing if you are not ever willing to take gains, you are just gambling. I don't think anyone should ever sell 100% of their crypto, but you need to be able to part with some of your BTC at the time and choosing that makes the most sense for you and your goals. + +As part of adjusting my crypto portfolio for the future today, I also converted all my Bitcoin Cash to BTC. I very much do not like what is coming out of the mouths of that group, and I believe there should only be one "Bitcoin." I am appreciative of the free money that landed in my lap from that fork, but too many options is going to confuse the general public. I encourage everyone to do the same. + +As I write this, I am still a cryptomillionaire and am looking forward to the future. But I have future goals in mind where I may clear other debts or continue to diversify. Unless you have no debts at all and no plans in your life I think HODLing until death is a pretty silly idea. Everyone should have some goals in mind with any financial venture. Just make sure they are big enough checkboxes that you won't keep looking back. + +EDIT: Since many people have asked: I used Gemini to do the sale. I also have a Coinbase account, but the fees are much higher for a large sale. Yes, you can have your limits raised at both places to be able to do larger sale quantities and bank transfers. + +EDIT2: Just to clarify, me mentioning my net worth and background is not to brag (to be honest, many of the people I know in the industry are worth 10X me because they took more risks) than wanting other people to know that I consider myself a successful and educated investor. When someone who has no experience is handed 1M they lose it (look at lottery winners). I want people to NOT lose, so I am using my knowledge to make sure others without that think carefully and realize that taking some gains is not a bad thing. HODL is great and all, but you need to be smart about what you own, crypto or otherwise. I apologize to anyone if it comes off as grandstanding, but you shouldn't get emotional about money. +I've noticed that every gas station in town raises or lowers there prices in unison regardless of the brand of gas station. How is it that they are all so attuned to each other and how are these prices set? Does anyone know? I am not interested in why oil or gas prices raise or lower in general or the seasonal fluctuations as much as why there is so much uniformity across brands in a matter of hours. Where is the price competition? +### Welcome to the second /r/economics Graduate School Panel! + +---- + +We are hot in the middle of economics grad application season in the US. Many of our readers are nervously waiting to hear back from programs, or trying to decide between offers. If you have any questions this part of the process, ask away! + +If you're planning on applying to econ grad school in the future, feel free to ask about preparation and planning too. + +---- + +If you would like to volunteer to answer questions about econ grad school, please post a quick comment below describing your background. In particular, it would be great to hear if there's anything particular about the application process you can speak to (e.g. applying to grad school after significant work experience). As an incentive, volunteers will be awarded **special red flair** for your field. Just **PM the mods** with a link to your top-level comment and your desired flair text (e.g. PhD., MA., Finance, Game Theory, etc.). + +---- + +The following users have already agreed to offer their time and answer questions (thanks folks!): + + + +Panelist | Program | Status +---|---|---- +/u/BeesnCheese | PhD, Economics | 2nd Year +/u/commentsrus | PhD, Economics | 2nd Year +/u/iamelben | PhD, Economics | 1st Year +/u/FinancialEconomist | PhD, Finance | 2nd Year +/u/mattwilsonky | PhD, Economics | 2nd Year +/u/MyDannyOcean | MS, Statistics | Degree +/u/pandaeconomics | MS, Economics | - +/u/Ponderay | PhD, Economics | 3rd Year +/u/UpsideVII | PhD, Economics | 1st Year +/u/WookiePride515 | MS, Economics | Degree + +---- + +In addition, we have the career resources and advice in our /r/economics wiki (thanks to /u/Integralds). There's a *lot* of information here. Check it out! + +* [Online Resources for Grad School Apps](https://www.reddit.com/r/Economics/wiki/career) +* [Advice for Undergrads](https://www.reddit.com/r/Economics/wiki/career_undergrad) +* [Grad School Application Checklist](https://www.reddit.com/r/Economics/wiki/career_courses) + +You can also browse our first Grad School Panel from the fall: + +* [1st Grad School Panel Thread - (11/27/2016)](https://www.reddit.com/r/Economics/comments/5f7p5o/reconomics_graduate_school_question_thread/) + +----- + +This thread will run for the next two weeks. +This research forms part of the debate on educational funding as an economic policy matter. While this is a hotly-contested policy matter, with published empirical research on **BOTH** sides of the debate, this specific research finds little relation between school funding and outcomes. + +This issue is both controversial and complex. Next week, we intend to feature published research coming to a different conclusion than that of Hanushek. + +**HERE** is the non-paywalled PDF link from Stanford university: Because it has parentheses in it, I can't hotlink it though: + +http://hanushek.stanford.edu/sites/default/files/publications/Hanushek%201997%20EduEvaPolAna%2019(2).pdf + + +*** + + +**Abstract:** + +*The relationship between school resources and student achievement has been controversial, in large part because it calls into question a variety of traditional policy approaches. This article reviews the available educational production literature, updating previous summaries. The close to 400 studies of student achievement demonstrate that there is not a strong or consistent relationship between student performance and school resources, at least after variations in family inputs are taken into account. These results are also reconciled with meta-analytic approaches and with other investigations on how school resources affect labor market outcomes. Simple resource policies hold little hope for improving student outcomes.* +My husband and I make close to $10,000 a month and there is no reason for us to be overspending as much as we do. When I’m disciplined, we can save a lot of money but ever since my income started going up, we see it as “Woah! Look at all this money we have now!” and just start spending more and more. + +I’m going to start off slow and begin the envelope system only for food as that’s what we tend to spend most of our money on. Eating out. If I can control it for this month, I might also use it for our “shopping” money but we usually do well on not spending on things we don’t need. + +Any advice for overspending on food? +I feel like I'm too focused on placing my stop-loss on break-even or profit once the position goes into green a little bit. + +When the position turns red instantly and starts tickling my liq price I have this problem of keeping it open without placing my stop-loss, because "why would I let myself get stopped out at a loss if the position can turn green again in an hour or so?" + +And I watch as my margin call goes through and I'm left with a few % of my budget. + +What is the psychological barrier here though? It's quite the opposite of what you could call *paper hands*. It's like I'm so "scared" of booking a loss as a safety factor that I'd rather let each trade turn into an all-or-nothing game. + +Any advice welcome :) +Hi. + +I’m contemplating my current and future financial goals and would like some advice on how to capitalize on money I made in an interesting way. + +But first, how I got here: + +Graduated early from a well known university and got into tech & medical sales. Left corporate world at 25 to build a family- started reselling as a hobby while raising children. Actually made some dough with minimal effort. Added bonus- I had fun. While raising kids I would resell when I had a few minutes. I took various breaks as needed when my kids were newborns, sick, I got bored, or life took me away from focusing on my sales hobby. + +3 years & 3 kids later I have “reselling” down to the point where I’ve made about 30k and I’m continuing to build more savings. I spent some, donated to charity, saved a portion, and invested in stocks( which have done well). + +Over the past year I have been investing my resell profits in stocks I believe will pay out long term. So far so good, and these investments have added another layer of “fun” to this journey of starting with $0 in the bank to lots of dollars (comparatively). This got me thinking - maybe I’m onto something here... Im going to keep rolling this snowball. Here’s my idea/plan: + +Right now, as a SAHM, my main focus is my children. Everything else is icing on the MFin’ cake. But in 3 years all 3 of my kids will be in school and I’ll be lookin’ for more hustle. I like a challenge and I love to learn. + +My idea is to keep my resell game going over the next 3 years but invest most of my profits into what I believe to be safe long term stock investments, while getting educated on day trading through educational courses, books, etc. whatever I need to do to make sure I know my stuff. + +Once the kids are in school I plan to use the profits from these stock investments to start day trading. Stash my profits from trading (assuming I make some) away for retirement or big purchases, additional investments, etc. + +Is there a better way to capitalize on the cash I’ve made/will make? Thoughts/suggestions/ similar stories/tips/cautionary tales? Suggestions on where to start with trading & learning? + +Additional information: we are very financially stable, young, and my husband fully supports this idea. I’m conservative by nature, have self control, and I’m not a dumbass. I turned $0 into $30k and want to see how far I can take this. + + I’m assuming I’ll get trolled by a bunch of cool Reddit dudes. It’s ok, I have a good sense of humor. But would really like for tips on how to turn cash into cash money, encouragement, a laugh, ya know - the wholesome shit 😉 +I am working towards an early retirement mainly because I am in chronic pain all day working at the computer due to a disability and just want to get away from that ASAP. The job is tolerable however the pain is less so. + +But since I am very limited physically there is not very much I will be able to do with my time if I ever make it to FIRE. It's not like I can travel, play sports, exercise, go hiking, or do any of the fun things I used to do when I was healthy. + +I know the general advice here is to have a solid plan heading into early retirement on how your life will look but I feel a little aimless given my status. I dream about what early retirement *could* look like but much of that is not realistic for me. Just dreams. + +I know theres not really much anybody can say that will change things for me but Im just curious if I am alone in my hollow pursuit or if there are others like me! + Every time I try to incorporate volume data into my algorithm profits and consistency go down. I know I can do better with my algo but its performing fine (40% in 9 weeks) without this data. Most info I find on the internet such as look for decreasing volume on an up trend to predict the trend weakening or vice versa literally has zero correlation to this being true once I've backtested this theory. I know I must be doing something mildly wrong but is it a big no no to just screw off with the volume analysis since it doesn't seem to be working in current market conditions. + +Edit: yeah volumes actually important +Hi, I am new to this field, although I am of a programing and ML background. + +My data source is currently MetaTrader 5 (it has a ready to use libraries for Python) ... + +I was about to start building my own framework for backtesting and live trading etc.. But then discovered that there are lots of such frameworks on python, so I got lost very fast what to use... For example, this list contains too many of them.. [https://github.com/wilsonfreitas/awesome-quant](https://github.com/wilsonfreitas/awesome-quant) + +My aim is to use MT5, and build first some simple trading strategies, and gradually move to use ML via Pytorch, on charts of 1M and higher, mostly locally, no plans to do it on cloud or so. + +So, are there a standard libraries in this field that may suit my plan, or it is better to go ahead with my own framework? Thx. +I want to genuinely hear how fun today was for you apes that are balls deep with me in $GME. I needed a rush like today. I had a blast. I started on a high from pre market numbers. Hit some jazz cabbage watching the morning. LOST MY SHIT with that midday cliff. LOST EVEN MORE OF MY SHIT with that light speed bounce back that made this whole community looks like an autist brotherhood instead of a retard brotherhood for like 5 minutes. Polished off the jazz cabbage coasting through the afternoon with the absolute goldmine of content y’all were producing. I’m proud to be a member of this community and this revolution. Thank you for the journey. Diamond. Fucking. Hands. 💎🤝💎 +https://www.tesla.com/blog/master-plan-part-deux + +Essentialy, Elon thinks that he will be able to do the following: + +1) Create a fleet of self-driving Uber's that can generate Tesla owners income when you're not in your car. +2) Make every roof solar powered, and, be able to store that solar power in your home (SCTY B/O?) +3) Develop much safer, self driving Tesla cars. +Graph of this issue: +https://pbs.twimg.com/media/DicAwRmVsAAd97J.jpg + +This chart shows that the five largest S&P 500 stocks have a market capitalization equal to the bottom 282 S&P 500 stocks. This turned out to be something of a Rorschach test, which was not my intention. I just thought it was a powerful visual. I wasn’t really trying to make a point, certainly not the point that many thought I was going for. + +The reason I made that chart was because I was working on this post today, which will attempt to show that there are plenty of other stocks outside of FAANG that are doing just fine. That tweet had the opposite effect. Hopefully this will remedy that. + +The chart below shows the average returns of S&P 500 stocks year-to-date broken down by market cap decile. The first decile is the 50 largest stocks, the second decile is the next 50 largest stocks, and so on. You can plainly see that while the mega caps are performing well, and powering the index higher, there are other stocks that are doing just fine. The 4th, 6th, and 7th deciles are performing better than the 2nd and 3rd. + +It is pretty wild to think that the five largest stocks are as large as the bottom 282 S&P 500 stocks, but the truth is, this is how a cap weighted index works. Yum! Brands can triple and it still would not move the needle of the index as much as if Apple gains 1%. + +We are not in uncharted territory. The Pareto Principle is a feature of financial markets, not a bug. + +Do you think the largest S&P 500 stocks will continue to be equally big and dominant, in market cap, in the future? +I have been working in digital for over twenty years, and the first time I heard about crypto was from one of my fellow devs who was mining Doge in 2014. I bought about $50 worth of it back then and ended up losing access to wherever it was stored at the time. No big deal, it was my first lesson in this crypto journey, one of many. + +After years of not paying much attention to crypto and working on other investments; stocks, real estate, retirement funds, etc. I came back to the space in 2019 with a renewed passion and drive. Stocks had always bored me, I never felt like it was a market I related with, and since I work in digital, crypto makes sense to me. + +So I got back into Doge because that's where I started. And then BTC and then ETH all around the same time in 2019. Then came alts, and with them came tons of research and discovery, buying projects I believe in. The crypto world's volatility didn't scare me then, and it doesn't scare me now because I think it's the future, and I refuse to sit on fiat that isn't working for me. + +Fast forward to this fine new year, and I am so proud to have grown my portfolio to what it is today. To be a woman in this space, understand the fundamentals, and withstand the fear is very empowering. So to all the women out there who are either veterans in the crypto space or newbies, keep going!! It's an honor to invest alongside all of you! And cheers to the men out there crushing it too! + +EDIT: this is absolutely not an anti-man post! Yeesh! Men rock! This is more about women having confidence to invest, learn, grow and become financially independent. Ultimately being able to build an empire with their crypto loving mate! +My partner and I were the underbidders at an apartment that went to auction. We were leading the bidding for a large portion of the auction, until the agent and auctioneer convinced the only other party to re-enter the bidding, at which point their bids went a bit crazy and the price pushed past our pre-agreed maximum bid. + +We had our hearts set on the apartment, as it was the first that ticked every box we were looking for, after looking for a few years. In the small area we are looking at, this particular apartment (top floor, NE aspect) was well above average (for the area) in almost every way, and we actually feel it was being undervalued by the agent (it went for 23% over the guide which even surprised the agent). + +We already know everything about the apartment building and are considering approaching the neighbouring apartment owner to see if they would consider selling privately. This apartment is a mirror image of the one that sold at auction, and holds the northern-most spot on the top floor. We are thinking of writing a letter and putting it in their letter box. + +Has anyone here done something similar? Any advice would be greatly appreciated. +So this may not deserve a whole post but I had never seen this before and it seemed relevant. + +Near me, Prudential began taking up a billboard with the advertisement, "they say millennials are lazy. Retire early and prove them right." + +I have never seen an advertisement seeming to sell the fire idea as opposed to "hopefully you'll be able to retire eventually" mindset and I found it worth mentioning. + +Edit: after reading the rules, I just wanted to clarify that I am not an advertiser for prudential and have no financial gains. Just saw the ad and thought it was interesting to see fire mentioned elsewhere. +Hey y'all, anyone betting against the mortgage business with puts? + +* **Applications for a loan to purchase a home fell 1% for the week, and were 18% lower than the same week one year ago.** +* **The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased last week to 5.74% from 5.82%.** +* **Demand for mortgage refinances are down 83% from a year ago.** + +I deal in real estate, particularly land and cheap mobile homes so mostly cash deals but i've been reaching out to colleagues in the escrow and mortgage space and the consensus is the same across the board, big slowdown in business. New home builders are getting desperate and giving lots of incentives to move homes that are in the process of being built. Also a large amount of inventory being put on the market with price reductions up as high as 38% in the Zoom cities, places where people moved during 2020-2021 like Boise, Phoenix, Vegas, lots of Florida cities and Austin + +Add to that the layoffs in big tech companies which will affect most sectors eventually and rising interest rates (FOMC meeting today), record inflation, consumers having less savings and putting more purchases on credit cards, above average monthly car payments and i'm sure we can all think of a few more, war and a general feeling of economic uncertainty. + +Not to mention some legendary trades have been done betting against mortgages, The Big Short, and John Paulsen netting billions the last housing correction/crash + +what are your moves or what looks like a good opportunity? I have 11 puts 12/16/2022 with a $9 strike against RKT. what else looks good? +Hi, + +I am thinking about buying an electric blanket to help me reducing my energy usage this Winter. + +Based on your experience, How much energy is it expected to save? Also any recommendations? Are the safe enough or I should be cautious? + +Thanks +I'm very new to trading and i am still learning, i took a look at a broker here for a demo account and i read this on their website. + +> The possibility exists that you could sustain a loss in excess of your deposited funds even if a stop loss is used and therefore, you should not speculate with capital that you cannot afford to lose and be aware of trading risks. + +I don't understand how i could lose more than my initial deposit even if i set a stop loss. + +Excuse me for this stupid question, I am a complete beginner. +Been a frustrating week. Closed trades that would have flown because the market started turning on me in the short term. Then left trades open that just ended up getting stopped out. 6% drawdown from Monday when I could have been +15% and done for the week by Tuesday. + +Just looking for other's opinions. I know the key to success is consistency. + + +SCAM ALERT: + + +Beware this site easyfx365 and there brokers are thieves and scammers. Ivan Waterboer scammed me from 22k and that site. After adding money and adding money they blocked my account and asked for more money to unblock it. Please do not believe or fall for this trap. It’s a huge scam. +Guys and gals let me tell yall I went from $68 bucks to 800+ in like month of trading and in two days after I lost it all. + +The market kept reversing on me when I went higher. My ego was so pumped at first because with that growth I was looking at mentorship videos, compound plan. I usually may catch the long or short position so like 2 trades a day. What mess me up I start noticing rejections to the other side and it would go that direction and I would put a small micro in. I was winning then the next following week the fakeout or continue hit me harder than life. I have alot of time invested and I wanna throw in the towel. + +I may take a week off just sucks i feel back into my beginner mode so fast. +If you have a leverage of 1:50 and risk 1-2% why is it risky to have 1:1000 if you are still risking 1-2%? Sorry if I sound stupid just wanted to know + +Edit: thank you for everyone’s responses, appreciate it I use 1:50 leverage anyway on FTMO so don’t worry about me using 1:1000 😂 +If you have a leverage of 1:50 and risk 1-2% why is it risky to have 1:1000 if you are still risking 1-2%? Sorry if I sound stupid just wanted to know + +Edit: thank you for everyone’s responses, appreciate it I use 1:50 leverage anyway on FTMO so don’t worry about me using 1:1000 😂 +Hi, im new to trading and I just wanted to know opinions for your favourite indicator to use in forex? + +Also i wanted to know your opinions abt the ichimoku indicator? I’ve heard good stuff about it but also negative opinions bc of the complexity.. + +Opinons ? + +Thank you! +Is it a purely abstract bet or does it have real consequences? I don't want to hurt the turkish people with my bet, I just see the Lira going up for a long time and would like to participate in the potential revenue that could come from it. +What happens when we own the float? That’s right- *we set the price*. + +But what if we, as individual investors, don’t set a price? What if they could never buy back enough shares to close their position? What apeish numbers will reveal themselves to us? + +In an air doubt, you might believe that every ape has their price, that it would be a fruitless and an absurd attempt to truly hold the float to infinity, because somewhere in the millions it will end. ***However***, it just might be that they never will be able cover. 🙊 + +Recent Proxy information revealed a shrunken float of only [16 million shares](https://www.reddit.com/r/Superstonk/comments/mxu7lj/gme_float_is_less_than_161m_and_retail_owns_more/)! (edit: I am told that that it’s actually 26 million, which is fine because the maths I use later on are still based off the 26 mill float) It's believed that retail owns at least 1000% of the float, closer to [1800%](https://www.reddit.com/r/Superstonk/comments/mxkwlb/double_the_short_interest_half_the_anxiety/), and perhaps even much more! At 1900%, that's 19x, or **AT LEAST 95% of all shares they need from retail alone**, regardless of whether or not they buy back shares from the institutions. + +If you have pledged to have shares that you will hold forever, or planning on selling after you have **confirmed** the peak, you are already taking the necessary steps by effectively removing your price. Your hands made of pure cosmic diamonds will accelerate the remaining shares into the realm of what is theoretical. The thing is, I believe we are extremely close to reaching this possibility. There is already an overwhelming sentiment of those who will sell after the peak. + +&#x200B; + +[we are becom stonk](https://preview.redd.it/2mxlbcsnznv61.jpg?width=800&format=pjpg&auto=webp&s=5c54ba17bfdbfd452075b4daf4e1e4e68fd8827c) + +With the need to buy back 95% of our shares, the average retailer only needs to lock out 5% of their shares, or every other would hold back 10% (since not every ape will read this subreddit or will hold forever). Since we don't know for certain how much we own, the more we lock up, the more certain our infinity becomes. + +I still have more icing to add. They most likely shorted many real shares, like the ones they borrowed from Blackrock. If they shorted half of all real shares in the float, then we cut that 5% leftover in half-- 2.5%. This isn't even including the shorts hidden in ETFs that weren't included in the proxy. This doesn't even include any of the call options that could be exercised and potentially add tens or even hundreds of thousands of extra shares into the raging fire. If retail owns closer to 5000% and they shorted half of all real shares, they would need to buy back **OVER 99.5%** all our shares. They would need to get right up to that very **last half percent** to fully cover. + +We lock up whatever that remaining amount is, and they will *never* be able to cover. + +**ARE YOU STARTING TO GET IT???** + +You will be able to ask for LITERALLY ANY PRICE you want until the government steps in to beg you for your shares. The real question is, when will they do it? At a billion dollars, a trillion dollars? We already know that 10 milly each can fit under that DTCC insurance, but what happens when the government cries uncle because they completely ran out of ink printing fresh new bills? It's the age-old question of when the unstoppable force meets the immoveable object- Which will give first? + +We are going to test just how infinite these infinite losses can be. + +Say again- *What's an exit strategy?* +Careers in finance have a variety of social stigmas and are the subject of many stereotypes. We could debate for hours about most of these, but one of the most common is that working hours are extremely long. The answer to the question of whether that is true or not is...kind of. + +**The fact is that careers in top tier finance have, generally, significantly longer than average working hours.**. Even if you ascend to the highest ranks, you'll be working well over the standard 40 hours per week. + +While it is generally understood that analysts and associates work more than MDs or upper management, the reality is that if you include time spent meeting clients, travelling, and answering phone calls/emails, the average MD's working week will still be extremely long, in comparison with most other professions. If your intention is to suffer through your 20s with the expectation that you'll be on a 9-5 by the time to retire, you're sorely mistaken. + +**That said**, within the financial services sector, there is considerable variation in working hours depending on job. Given that many people on this board are students, I thought it might be worth summarising what you can expect working in major Western financial centres such as London and New York. In Asia, hours will generally be higher, in mainland Europe, they'll be lower. + +The results are a rough estimate based on my own experiences and those of people I know. I am a VP in ECM at a bb. To make clear what I mean, I am attaching a short description. + +**Corporate Banking** +This is selling loans and assorted other services to major corporations. All banking hours are seasonal to an extent, but corporate is more than most. At times all nighters are common, at others, I've seen corporate bankers stroll into work at 11 and leave at 3, especially during the Summer. Generally though, you're looking at 9am to 10 or 11 pm, six days a week, which is medium level for banking. + +**Trading floor** +Trading probably has the best hours in banking. Wake up early, stay until the markets close, debrief, go home. If you have any intention of maintaining a life in banking, this is probably the way to go, because you'll actually have time to spend in the evenings. + +**"Investment Banking"** +I've put this in quotation marks because so often there are actual misconceptions about what counts as investment banking. In reality, investment banking is ECM (equity markets) DCM/fixed income (debt markets) and M&A (Mergers and Acquisitions). Working hours vary between them. + +* ECM/DCM hours are reasonable for banking. If you're in at 8, you can expect to be out at 8 or 9. In my experience, all nighters are extremely rare, and the climate is actually pretty reasonable. Working week is the usual six days. + +* M&A has by far the longest hours in finance. Being arguably the most prestigious and thus competitive sector of investment banking (even though salaries across ECM, DCM and M&A are often very similar) comes with a hefty price. Standard hours are 9 am to 1 or 2 am, *every day*, six or seven days a week. Much longer hours are also common during heavy periods, and multiple all-nighters in a row are far from unheard of. + +**Hedge Funds and Private Equity** + +I would prefer if other redditors stepped up here to help, but as far as I'm aware these are both more like 60-70 hours a week, though the bigger the place, the more hours you'll work. I've heard of people at some boutiques doing a 40 or 50 hour week, but frankly I'm not sure how common that actually is. +. + + + + +This idea interests me. In the present time, could a person be able to even function without having some sort of bank account? Or is it pretty much impossible? Employers don't tend to pay cash at all anymore, even if you requested it. Tax office gives returns through bank transfer, and it seems more and more services using ONLY electronic transactions. + + +Am I missing something? Do you think it's possible for an otherwise normally functioning, working, rent/mortgage-paying, taxed Australian citize to just not have a bank account? Even if he accepted various restrictions/limitations. +Out of interest, what kind of jobs do you think offer the quickest pathway to $150-200k salaries these days? I’m taking about the quickest progression as well. Looking at restarting my career at 32 next year and been in investment finance for 7-8 years. But I haven’t been paid nearly as much as you think someone in finance should have been paid (never made more than $85k...because was on publishing side of things but learnt how to invest so my personal + super portfolio is worth close to $1mil). That said, with the idea of doing something that actually pays money, considering leaving finance to do something else that can jump start my career and where I can use cash flow to throw at stocks. Interested to hear what careers you think offer quickest salary profession to $200k these days! I was thinking of moving to fintech but can’t really see many jobs advertised on seek for it - not sure the industry is really even that big in Australia as well. Hmmm +Hi folks, + +Can someone tell me if it's possible to find the owner of a house that's listed for sale? + +I've been looking at listings as I'm hoping to buy soon, but I'm suspecting that REAs are involved in some really shady tactics. + +A house was listed for sale at the start of the week and I saw it within the hour of the advert going up. I called the real estate three times this week, each time being told the agent was unavailable to take my call and would call me back but I never heard from them. I also submitted the inspection form online and heard nothing from that either. + +Today I called them again to be told the house has gone under contract. + +The agent didn't hold a single inspection. It's pretty clear to me that they're dodging calls to prevent the public from enquiring about houses, presumably to allow the house to be sold to someone they've made an arrangement with. + +Are sellers being told no other offers are coming through? Do sellers even know there are people trying to enquire about their houses and being ignored? Is there some way to find out who the owner of a house is so that next time I may contact them directly if I feel an agent is dodging calls? +Hi all, + +I recently met a recruiter to discuss opportunities in the market, specifically for project management roles (where I've predominately had design experience, however wanted to know what the market had to offer). Long story short, he pretty much instantly said what I was being paid 6 years out of University is too high (102k includes super), mentioned I should be getting about 80k. + +He then mentioned that engineers with 15 years experience earn about 120k tops. He began telling me that I should go for Project Officer roles (which is fair, because this is an intro role). + +Generally, in your experience dealing with recruiters, have they ever taken a moment to just slow down and actually not rush the whole process? My first discussion with this recruiter was "I can get you an interview tomorrow!". I just don't believe they work in the best interest of finding you that next, best role. I felt, especially with the salary discussion, that he's employing some kind of psychological approach to get me to accept roles that he's seeking candidates for where the company is essentially paying less. + +It would be great to get your thoughts and whether you believe recruiters are even worth your time? I understand, in certain circumstances they may be a godsend, but if you've got a stable job and are just feeling the market, I feel as though they're just wasting your time and employing silly tactics to get you onto another job quickly so they get commission. +I had a credit card payment due on the 13th of July. I have been attempting to pay it, but was constantly getting an error message on the website (I'm guessing it was caused by the fact that I am overseas at the moment) and am unable to call. I finally managed to figure out a solution and got the entire balance paid off today but I am worried about the impact on my credit score. +It blows my mind how much power these individuals have with their money. They can basically control every aspect of our lives just by feeding us with information that they ALLOW US to see. + +I think that with GME we swallowed a massive red pill from matrix to witness all of this corruption. +We now know how they did it for GME related things. Using the media to manipulate the whole society because we gave them our trust that they are doing honest work. +Now it blows my mind how they did everything like that outside of GME, way before, all these years. + + +Google is a f#cking joke, FB is a joke, Twitter is a joke, Youtube is a joke. literally all of them. +So now, just some f#cking rich ass boomer comes to them, gives them money or threatens they will sell their stock, then they do what they want. Promoting their ideal beliefs, promoting their products and silencing everyone that has something to prove them wrong or say against. + +Only because they have billions, they shouldnt play god. But oftentimes after being a sore ass loser all their life and got lots of money with their criminal activities, after money, comes the greed for power. +And this is what we witnessed all this time especially in the GME Saga. + + +They used the media, the shills, their cheating algos, controlled brokers, darkpools, psychological damage, lied in congress, lied everywhere they could, mocked us on CNBC and other platforms. +And we played poker with open hands here on superstonk, and they are still going to lose. + +How f#cking pathetic man. Now they are going full emotional and cry on twitter like a little b#tch they are. Showing their true character of a loser, hopelessness, from where they came from initially. + +I wish that this corruption and manipulation of all things will stop for good and let us finially breathe as a human species. Innovate what we like, not what we are allowed to. Talk what we want, and not what we are allowed to. Share things we want, and not what we are allowed to. Buy things we want, and not what we are allowed to. And for all other things they were restricting us all this time, so they could benefit from it. + +disgusting losers, here ends the cheatcode of life for you. +Here is the post https://www.investorsunderground.com/penny-stock-trading-guide/ + +Obviously everyone has a different approach to trading and investing, but I think a lot of people in this group would benefit from reading this. +As of today, I have enough in the Emergency Fund to pay off all my debt (I'd still have a mortgage, though). + +I have some chronic illnesses that flare up and can cause long periods of not working. So my EF is actually pretty large (12 months of expenses -- enough to get me through until disability kicks in, should it come to that). But it feels good to know that if push comes to shove and I get fed up paying the bank, I can in theory tell the bank "Here, here's all I owe you. Piss off." +Hello all + +Throwaway account as a bit too easy to link to my main account. + +I am considering leaving my W2 job to create a new hedge fund. I would have \~20% of the general partner and the other 80% would be held by other partners who are UK domicile. I live in NYC and will continue to live and work here. This would be a real enterprise managing $400mm+ so clearly we are about to get real advice on getting it set up. + +Obviously this is all incredibly complex in terms of tax structuring, but I was wondering if anyone has any referrals or basic advice on how I should attempt to set things up as relates my own personal tax situation. This feels like one of those situations where you need to get things right at the outset, and my concern is my UK partners will select into something that makes sense for them and I will need to advocate for a structure that works for me. I asked my personal accountant and he said it was well beyond his skills to the point where he didn't even have a referral. I also don't want to call PwC and drop $20k on advice if I don't need to. + +Much appreciated and I apologize for the niche topic. +&#x200B; + +[EXPERIMENT - Tracking 2022 Top Ten Cryptocurrencies – Month Five - Down -66&#37;](https://preview.redd.it/mwqe5p7bxo591.png?width=666&format=png&auto=webp&s=b30b273734c1e442a3e44282eb0592e753465209) + +***Find the full blog post with all the tables and graphs*** [***here***](https://toptencryptoindexfund.com/tracking-2022-top-10-cryptocurrencies-month-5)***.*** + +Welcome to your monthly no-shill data dump: Here's the fourth monthly report for the 2022 Top Ten Experiment featuring **BTC, ETH, BNB, SOL, ADA, USDC, XRP, LUNA, DOT, and AVAX.** + +**tl;dr** + +* **What's this all about?** I purchased $100 of each of Top 10 Cryptos in Jan. 2018, haven't sold or traded, reporting monthly for over four years. Did the same in 2019, 2020, 2021, and 2022. ***Learn more about the history and rules of the Experiments*** ***(including why in the world I would include stablecoins)*** [***here***](https://toptencryptoindexfund.com/about/)***.*** ***Learn more about the new features in the 2022 Top Ten Experiment*** [***here***](https://toptencryptoindexfund.com/announcing-top-10-2022/)***.*** +* **May Highlights:** All coins in red, **LUNA** implodes, loses nearly -100%. +* **New features:** [**TCAP**](https://np.reddit.com/r/cryptex/) Total Crypto Market Cap token takes overall lead the Top Ten approach in our friendly competition + +## Month Five – Down -66% + +https://preview.redd.it/t8jmmdovyo591.png?width=949&format=png&auto=webp&s=bc765ddd7416b45e763ce2d71f03161bf9cc213b + +The 2022 Top Ten Crypto Index Fund Portfolio is **BTC, ETH, BNB, Solana, ADA, USDC, XRP, LUNA, DOT, AVAX.**   + +May highlights for the 2022 Top Ten Portfolio: + +* Terra/Luna meltdown cuts 2022 Top Ten Portfolio value over half in one month. +* No winners this month and **LUNA** falls -100%, unprecedented during the 4.5 year lifespan of of the Experiments + +## May Ranking and Dropouts + +Here’s a look at the movement in the ranks five months into the 2022 Top Ten Index Fund Experiment: + +https://preview.redd.it/81ghgw7xyo591.png?width=409&format=png&auto=webp&s=f896b55c5ae6ace884d8bed0912669a34976e027 + +**AVAX** and **Luna** have dropped out of the Top Ten, replaced by **BUSD** and **DOGE** (such wow).  ***Luna fell more than two hundred positions in the rankings in May.***  + +For context, since January 2018 no other coin that has started the year in the Top Ten has fallen more than Luna.  Second place would be **NEM** from the 2018 Top Ten, ranked #88 as of the [latest update](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-53). + +## May Winners and Losers + +***May Winners*** –  None. For the second month in a row, **BNB** (-22%) fell the least. + +***May Losers*** –  All of the Top Ten cryptos.  **Luna** (-100%) had the worst performing month in the 4.5 year history of the Top Ten Experiments.   + +## Overall Update: Terra/Luna implode, BTC best performer, BNB in second place + +In one month, **LUNA** went from best performing crypto in the 2022 Top Ten Portfolio to -100%.  + +In terms of individual performance, this is completely without precedent: since starting the Top Ten Experiments in [January 2018](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/), no other crypto has imploded this quickly.  Yes, **NEM** and **Dash** from the 2018 Top Ten are down bad (both around -95%), but this has been a slow bleed over 4.5 years. + +A Top Ten crypto like **Luna** going to zero practically overnight is a first for the Experiments.  The initial $100 invested in **Luna** just five months ago is worth $0 today.   + +**Bitcoin**, down -36% this year, is the best performing of the Top Ten.  **BNB** (-41%) is second place, followed by **ETH** (-51%). + +## Overall return on $1,000 investment since January 1st, 2022: + +https://preview.redd.it/loos1y16zo591.png?width=333&format=png&auto=webp&s=2c37b6ddf610883a7a658804aff37d5caa15e3a0 + +After dropping $214 in April, the 2022 Top Ten Portfolio lost another $420 in May.  The initial $1000 investment on New Year’s Day 2022 is now worth **$342**, down two-thirds of its value just five months ago.   + +Here’s a visual summary of the progress so far: + +https://preview.redd.it/uszxe608zo591.png?width=223&format=png&auto=webp&s=eeb5e6433acc3858168ceb617d7735119e8f1ae2 + +The 2022 Top Ten Cryptos are still the worst performing of the [five Portfolios](https://toptencryptoindexfund.com/). + +## Factoring in USDC Gains + +**New feature this year** – In past Experiment years, I have not included stablecoin gains in the monthly reports. These days, there are opportunities to earn ROI using stables alone. I figured this would be especially interesting this year, depending on how the crypto market performs. My goal of this little side quest will be to beat the ROI of as many of the non-stablecoin cryptos in the Experiment as possible. + +I started the year using the most straightforward strategies, moving the $100 around to get bonuses (BlockFi then Nexo).  [Last month,](https://toptencryptoindexfund.com/tracking-2022-top-10-cryptocurrencies-month-4) I decided to do something a bit more interesting.   + +My choice?   + +Convert the **USDC** to **UST**, then deposit the **UST** on Anchor. + +Seemed like a good idea at the time.   + +Chasing that sweet, sweet, 18% yield. + +My **UST** is now worth $1.60. + +Here’s a table of the **USDC** side mission so far this year. I’m down -99% in May, and -99% overall.   + +https://preview.redd.it/s09t48c9zo591.png?width=793&format=png&auto=webp&s=68dbd3ca3d8cc3debce998a7e6c93f8cc605b96c + +Oof. + +## 2022 Top Ten Portfolio vs. Total Crypto Market Cap Token (TCAP) + +**Another new feature this year** – The first Top Ten Crypto Experiment was started on 1 January 2018 in an attempt to ***capture the gains of the entire market***. Much has changed in the last 4.5 years, including innovative Decentralized Finance (DeFi) projects that have created index tokens to capture segments of the crypto market (DeFi, the Metaverse, Blue Chips, etc.) instead of manually buying coins and tokens, like I do for my Experiments. + +A project of particular interest to the Top Ten Experiments is the **Total Crypto Market Cap** ([**TCAP**](https://cryptex.finance/)) **token,** created by [Cryptex](https://np.reddit.com/r/cryptex/), which tracks the entire crypto market – exactly what my Top Ten Portfolios have been trying to recreate from the start. + +I thought it would be interesting to compare my homemade 2022 Top Ten Crypto Index Fund Experiment to **TCAP** for a bit of a friendly competition.  + +Here’s the question I’ll be tracking this year: ***would I have been better off with $1,000 of TCAP instead of going through the effort of creating a homemade $1,000 Top Ten Index Fund?*** + +**May:** Both the **TCAP** token and the 2022 Top Ten Portfolio fell significantly this month, but the damage to the Top Ten portfolio was more severe: the 2022 Top Ten dropped -55% in May and **TCAP** fell -36% + +**TCAP** snapshot June 1st:  + +https://preview.redd.it/7950qdbbzo591.png?width=511&format=png&auto=webp&s=49732f5eb282a8bdaf030f7f400b417b61236eac + +The May monthly victory goes to the **TCAP**. + +**Overall:** The 2022 Top Ten Portfolio is currently worth $342 (-66% from January 1st, 2022) which places it below **TCAP’s** $460 (-54% from January 1st, 2022) value.  **TCAP** takes the overall lead as well.  Visual below: + +https://preview.redd.it/0i9rpwlczo591.png?width=844&format=png&auto=webp&s=71dc2fe0fc8cd3532a00f16f0f7ed5a58dd31b52 + +## Bitcoin Dominance: + +BitDom continued to increase this month, ending May at 46.1%. For context, there hasn’t been much movement on this metric so far in 2022. Chart below: + +https://preview.redd.it/0gb67imdzo591.png?width=582&format=png&auto=webp&s=ff05ec2a56cb835c716b9be546aae28cb7279c6c + +For those just getting into crypto, it’s worth paying attention to the **Bitcoin** dominance figure, as it signals the appetite for altcoins vs. **BTC.** + +## Combining the 2018, 2019, 2020, 2021, and 2022 Top Ten Crypto Portfolios + +So, where do we stand if we combine five years of the Top Ten Crypto Index Fund Experiments? + +* [2018 Top Ten Experiment:](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-53) down -32% (total value $683) +* 2019 Top Ten Experiment: up +238% (total value $3,376) +* 2020 Top Ten Experiment: up +381% (total value $4,808) **(best performing portfolio)** +* 2021 Top Ten Experiment: up +99% (total value $$1,991) +* [2022 Top Ten Experiment:](https://toptencryptoindexfund.com/tracking-2022-top-10-cryptocurrencies-month-5) down -66% (total value $342) + +Taking the five portfolios together, here’s the bottom bottom bottom bottom *bottom* line:  + +**After five annual $1k investments ($5,000 total) in the 2018, 2019, 2020, 2021, and 2022 Top Ten Cryptocurrencies,** the combined portfolios are worth **$11,200.** + +**That’s up +124%** on the combined portfolios.  The peak  for the combined Top Ten Index Fund Experiment Portfolios was [**November 2021’s all time high**](https://toptencryptoindexfund.com/tracking-2021-top-10-cryptocurrencies-month-11/) of **+533%**.  Here’s the combined monthly ROI since I started tracking the metric in January 2020 for those who do better with visuals: + +https://preview.redd.it/k4erhi1fzo591.png?width=600&format=png&auto=webp&s=35bd94e0daac509d823e78d91cbf5704f699c1c2 + +In summary: ***That’s a +124% gain by investing $1k on whichever cryptos happened to be in the Top Ten on January 1st (including stablecoins) for five straight years***. + +## Comparison to S&P 500 + +I’m also tracking the S&P 500 as part of my Experiment to have a comparison point to traditional markets. + +https://preview.redd.it/la11hypgzo591.png?width=538&format=png&auto=webp&s=c651426b4c19e1e5d890049cc89c2a7013187719 + +The S&P 500 is down -14% so far in 2022, so the initial $1k investment into crypto on New Year’s Day would be worth $860 had it been redirected to the S&P.   + +Taking the same invest-$1,000-on-January-1st-of-each-year approach with the S&P 500 that I’ve been documenting through the Top Ten Crypto Experiments, the yields are the following: + +* $1000 investment in S&P 500 on January 1st, 2018 = $1,530 today +* $1000 investment in S&P 500 on January 1st, 2019 = $1,640 today +* $1000 investment in S&P 500 on January 1st, 2020 = $1,270 today +* $1000 investment in S&P 500 on January 1st, 2021 = $1,090 today +* $1000 investment in S&P 500 on January 1st, 2022 = $860 today + +Taken together, here’s the bottom bottom bottom bottom *bottom* line for a similar approach with the S&P:  + +**After five $1,000 investments into an S&P 500 index fund in January 2018, 2019, 2020, 2021, and 2022 my portfolio would be worth $6,390.** + +That is up **+28%** [since January 2018](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/) compared to a **+124%** gain of the combined Top Ten Crypto Experiment Portfolios.   + +The visual below shows a comparison on ROI between a Top Ten Crypto approach and the S&P as per the rules of the Top Ten Experiments:  + +https://preview.redd.it/k2hexloizo591.png?width=575&format=png&auto=webp&s=3e35005821435df2905e118967c7c256ca852507 + +## Conclusion: + +To the long time followers of the Top Ten Experiments, thank you so much for sticking around so long. For those just getting into crypto, I hope these reports will help prepare you for the highs and lows that await on your crypto adventures.  Buckle up, go with the flow, think long term, and truly don’t invest what you can’t afford to lose, and most importantly, try to enjoy the ride.  + +A reporting note: I’ll focus on 2022 Top Ten Portfolio reports + one other portfolio on a rotating basis this year, so expect only two reports from me per month.  May’s extended report is on the 2018 Top Ten Portfolio, which you can access [here](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-53).  You can check out the latest [2019 Top Ten](https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-month-38), [2020 Top Ten](https://toptencryptoindexfund.com/tracking-2020-top-10-cryptocurrencies-month-27), and [2021 Top Ten](https://toptencryptoindexfund.com/tracking-2021-top-10-cryptocurrencies-month-16) reports as well. +My strategy is simple. I sell options approximately every two days on SPY ETF. I am looking for anyone who has tried this. There appears to be significant advantages in selling options that expire one to two days out versus monthly or even weekly options. The significant advantage is the ability to predict, within a higher degree of accuracy, what the price of an ETF like SPY would be within 24 to 48 hours from now. I have already built some good statistical analysis within Microsoft Excel but I am trying to build more. I am looking for anyone else who was familiar with this type of strategy and is willing to share some ideas. +Say if I have stock ABC at 10 dollar and write a CC expiring next Friday for 15 dollars, Friday approaches and stock ABC is at 15.5, would rolling out mean buying the CC for a loss, than simultaneously selling another CC a week after at a higher strike such at 20? Is this what it means to roll over a position or am I missing something? +puts seem to be too expensive and even when you are right they still seem to be kinda crappy. + +&#x200B; + +Futures maybe? what is difference between options and futures ELI5 +Hi Gang, Im waiting to open a brokerage, do not want to start anything untill I am secure in what im doing. (Measure twice, Cut once). + +Ive got about 15K to work with, so will try to have 7-12 CSP going at a time. (Maybe less the first month or two) + +What is the advantage of 2- 4 weeks when selling CSP ? +Wouldnt you gain more doing it every week to collect premiums ? + +Regards. +I recently accumulated 100 shares of VTI and I’d like to sell covered calls on it for extra income. I don’t want to get assigned because I don’t want to sell the shares for tax purposes. What’s the best strategy here? The usual methodology is selling 30-45 DTE, 30 delta strikes, manage at 21 DTE. Is this the best way to achieve a rolling stream of income from the shares? I was thinking to try 15-20 delta @ 30 DTE and manage closer to expiration. + +VTI doesn’t pay as well as more liquid index funds but closer to expiration, strikes $5-$10 OTM completely lose value/liquidity. So that’s why I’m thinking this specific underlying might merit a slightly different treatment than the usual covered call play. +What sort of criteria do you use for deciding whether you're "ok with owning" a stock (at your CSP strike)? + +This (obviously) is only for those that ARE ok with owning that stock, not those that get assigned then start worrying about what to do, or buy out of their CSP at a loss. + +* Are you looking at underlying fundamentals (PE, PS, cash, debt)? + +* Are you using technical analysis? + +* Are you doing discount dividend modeling or discount cash flow modeling? + +* Or (*shudder*) YOLO on high IV and hope? + +Help us other thetagangers make better choices :) + +My main tactic is subscribing to Simply Wall St ($240/yr) and Finbox ($120/yr) to use their valuations to see if a stock is over or undervalued. + +- Over/over on both I take as a sign to stay away from, since it will probably trend down, I'll get assigned and won't be able to sell calls that are reasonably profitable for a while if ever." + +- Under/under I take as a sign that its likely to trend up, so I probably won't get assigned, and if I do, it won't be for long. + +- Over/under requires a bit more thinking. At that point, mainly I look at the chart to see what sort of momentum the price has, look at the average of the two valuations- if one is a little over and the other is way under, it helps me feel better about that stock; and look at internet chatter to see what others think. And look at IV/ premium spiciness to see how volatile it is and try to understand why. + +Yes, I see the weaknesses here, but at the same time, its quick and straightforward. But thats why I'm curious what others do, to see if there's some better techniques I can adopt/adapt, to make more 🐌 gains :) +Guys, + +wanted to get your thoughts on something. We are in the process of buying a new home ($1.5-2M range). The cost and yearly expenses are well south of the accepted debt coverage and I don't think we will have any issues getting a mortgage (talking to Schwab right now as our brokerage account is with them). We should also clear around $1M from the sale of our current home. + +What I am trying to better understand is the pro's/con's of going with a margin loan vs a mortgage. For simplicity lets assume we buy a $2M house. + +Option 1 - pay 20% down (400k), put the 600k remaining from the sale of the house in the brokerage account and take a 15yr fixed mortgage (\~2.6%) + +Option 2 - Buy the house for all cash using a margin loan and put the $1M in the brokerage. The brokerage account (\~6.5M) is big enough for a $2M margin loan + +Based on our current economics, I could probably pay off the margin loan in 3 years or so without selling any investments, We put in about $600k a year in the brokerage and I would use that to pay off the margin - or just hold off on the margin and keep on investing in the brokerage account (depending on market etc) + +The benefit I see to a margin is that there are no closing fees, hassles etc. And by buying cash I can probably negotiate the house price down. It also does not have any pre-payment charges . But I also realize that it is risky and if the market turns I will need to make adjustments - but unless there is a major correction, the account should be healthy enough to secure the margin + +Benefit to a mortgage. Some tax advantages (have to figure out how much), locked in rate. Less risky if the market turns. + +I am just getting started in understanding all these factors. Figured you guys would have some thoughts that could help me in my thinking + +Thanks + +&#x200B; + +EDIT - thanks for all the feedback. In the end we decided against the margin and got a no points mortgage with Schwab/Rocket at \~2.3APR for a 10yr arm. We did set up a margin account and am planning on using that for the downpayment if needed. +https://www.cnbc.com/2019/05/03/inside-the-goldman-sachs-tech-fund-that-made-25percent-returns-for-7-years.html + +Goldman's Principal Strategic Investments group has made key investments in Kensho and Tradeweb and helped create Wall Street chat platform Symphony. + +"We put blood and sweat into Kensho in a very substantial way," said partner Rana Yared. + +The group has produced annual returns of at least 25% for the past 7 years, according to people with knowledge of the business. +Hey all, + +I wanted to ask how you all found your tastefully frugal, financially independent minded counterparts. I don’t really date often, but when I do it baffles me the level of financial insecurity people are in. This is a bit of a deal breaker for me and I wanted to know if I should be doing something better to find someone. + +For context I am a dude, gay (came out a year and a half ago, If I was out sooner I would probably be in a relationship with the guys I talked to in college). This makes it hard to date in general and I try to not use apps, but meeting people organically when working and keeping busy is tough. I joined an LGBT group, but still don’t have luck in terms of finding someone who shares similar financial goals. + +As for me, I’m turning 26 soon and I have a net worth of $320k. I have been living with my parents, but plan to move out soon and purchase a multi family home. On a side note living at home isn’t something a lot of people like, but tbh I do not care. These years have enabled me to save so much money and help my parents out. For now, I think I’ll move to a HCOL area like SF, LA and NYC, perhaps Chicago too. This is for personal reasons (friends), but also for dating. I also think I can make more to cover the increased living expenses in these areas (i.e. I would probably make 30% more in NYC). If I can’t afford a property I’ll probably buy a rental near my parents home in their MCOL city and rent in the large city. + +Now that I have a buffer from living at home I want to focus on my personal life more. Aside from FI I do want to be in a committed happy relationship with someone and it would have the added benefits of mutually lowering expenses, compounding interest with dual income and just generally pushing each other to do better. All jokes aside, I have had difficulties with this and I just downloaded Hinge to see if that’ll help too. I know I’m not old, but I’ve never been in a serious relationship and I want to know what it’s like to be in love and share a life with someone. I don’t have issues with getting numbers when I meet guys (I don’t go to bars or party often, however, so this doesn’t really help). I know I have plenty of time, but I do think I’ve spent way too much time focusing on school, my career, side hustling and money and not my personal life. It’s making me jaded about dating and makes me want to move to a big city faster and faster (for example, I was in NYC and I met a guy I would consider dating, but because we only had a few meet ups and it’s long distance friendship it fizzled our before it became a thing). + +Thanks for the advice! + +TLDR how does a FI gay guy find another FI gay guy to date as I am going to be moving to a big city in the next 4 months and want to make sure I set myself up well. + +Edit: thanks for all the advice, I am honestly really happy to see so many 🏳️‍🌈 folks here. Thanks for supporting me and each other! To be forward not sure which city I’ll move to. I am debating staying at my job or taking a higher paying job in a bigger city (that would pay market rate there). I am deciding between Chicago, LA, NYC, SF and potentially Boston / San Diego and want to take 4 months to decide what’s the right move for career and personal for me. +🔷️VANITY ($VNY) relaunched with a new contract!🚀 + +&#x200B; + +🔥What is 🔷️VANITY? + +&#x200B; + +🔷️VANITY is providing a Revolutionary Service: Custom Wallet Addresses. No longer do you need to have a random string for your wallet address. Now you can add your own flair! + +Professional marketing about to start‼️ Marketplace soon‼️ CMC & CG update in progress. + +&#x200B; + +⭐️Here are some examples of already generated addresses as proof of concept: + +&#x200B; + +🚀For ETH/BSC + +0xDEAD1337F2Ede31413CB39B0cf97909b6F107DB6 + +0xC0FFEE1268A4aAe653a4a9Ca81e183dCCAD1a029 + +0xB00bfaCeEA15dAB09322d4a1bdb7381c5Fd8882B + +0xBEBE0a06de7571627c0Ec4015574aeFA85623bC8 + +and many more! + +&#x200B; + +For BTC1 + +SaToShiYPiWYEevVwxYG6hkDfAT9N9Fy + +1VERBGtsPNQmjF6aspXAz5pkwLZ2PpiYR + +&#x200B; + +Recently, 🔷️VANITY expanded the supported chains for 🔷️VANITY addresses on LTC and DOGE as well, and gave some testable examples! + +&#x200B; + +⭐️LTC Example: + +&#x200B; + +Address: LVaNiTyLsB1A7eevCy4CigVucFXUW7TByD + +Privkey: 6vTBexNjDE1ZSmABu2zKjtgdvFoYKcBdHV7mYLmRy4B5Grb8bJG Litecoin Chain Explorer + +Litechain explorer link : [https://live.blockcypher.com/ltc/address/LVaNiTyLsB1A7eevCy4CigVucFXUW7TByD/](https://live.blockcypher.com/ltc/address/LVaNiTyLsB1A7eevCy4CigVucFXUW7TByD/) + +&#x200B; + +&#x200B; + +⭐️DOGE Example: + +&#x200B; + +Address: DQVAn1tYTm5RZPzXkvK117KiN7F2hro4bh + +Privkey: 6KpEceuKXdveW5pzPMR5GGo4HGAhnn1sd1fDNsghtCP6Bpb7tsR DogeChain Explorer + +Dogechain explorer link: [https://dogechain.info/address/DQVAn1tYTm5RZPzXkvK117KiN7F2hro4bh](https://dogechain.info/address/DQVAn1tYTm5RZPzXkvK117KiN7F2hro4bh) + +\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~ + +&#x200B; + + ✅ The new 🔷️VANITY contract now has these functions: + +&#x200B; + +🔥Customised Anti-Whale and Bot System: The Holders of 0.8% or more VANITY will be able to Sell and Transfer their tokens for a Max Amount of 10% Daily. + +&#x200B; + +🔥Customised LP Function: 2% of every TX gets deposited into LP Locked Forever. + +&#x200B; + +Contract: + +0xAbc69f2025bDb12efcdB8fd048d240fFf943ca82 + +&#x200B; + +Official Chat: Telegram Chat + +[https://t.me/vanitytokenofficial](https://t.me/vanitytokenofficial) + +&#x200B; + +Official Website: Website + +[https://vanitytoken.net/](https://vanitytoken.net/) + +&#x200B; + +Official Twitter: Twitter + +[https://mobile.twitter.com/vanitytoken](https://mobile.twitter.com/vanitytoken) + +&#x200B; + +Chart: Bogged + +[https://charts.bogged.finance/0xAbc69f2025bDb12efcdB8fd048d240fFf943ca82](https://charts.bogged.finance/0xAbc69f2025bDb12efcdB8fd048d240fFf943ca82) + +&#x200B; + +Buy: Pancake swap + +[https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xAbc69f2025bDb12efcdB8fd048d240fFf943ca82](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xAbc69f2025bDb12efcdB8fd048d240fFf943ca82) +Hello, I want extra income to pay Netflix and other bills. I know growth is better in the long term. What I want is a single etf to produce monthly income to use sooner than later. I was thinking jepi as I want decent income with capital appreciation What are your thoughts ? + +EDIT: I have a long term portfolio separate from my income goals. Currently I make very limited disability pay and am trying to escape from my abusive partner who pays all the bills (sometimes) in socal an extra 300 or 400 a month whould help me get my own place in Texas or something +Every day I see O below 62, I keep nibbling. Problem is, I'm eventually going to run out of funds. I know I keep seeing "O is always a good buy" "You can't time the market" etc etc, but if you had a couple grand lying around for investing, would you rather buy little by little and watch the market everyday or buy 1 or 2 large chunks at prices you really like and be done with it? + + +# Introduction: + +This will be a short post regarding the weighting of individual securities in an ETF and taking the implications of that into consideration. ETFs can often be associated with security due to their large number of holdings, it is seen as an indicator for reduced risk, but something that needs to be considered more is this - are all your holdings being weighed equally, why/why not? + +This is especially important for dividend ETF investors. You need to be aware of the individual holdings in an ETF you invest into because not all companies are made equal. Some are really great, and some are terrible. For Dividend Growth investing looking for the stable, and valuable companies is especially important. + +# Weighting Matters and How It Will Increase/Decrease Your Risk Exposure: + +An important consideration is that the "diverse" ETFs or funds may not be as diversified as you think when the weightings of individual securities are taken into account. Let's take a very popular ETF as an example: QQQ. + +QQQ is very popular market-cap-weighted (larger companies are given more weight more than smaller ones) tracking the NASDAQ 100 index. Because of this weighting system, the top 8 of the stocks in QQQ have a much more significant impact to the growth or decline of the ETF than the other 92! Technology stocks alone make up over 50% of QQQ, so how diversified are you really when over 50% of your potential portfolio is dependent on how well the largest 8 tech companies are doing? + +The way to minimize your risk to one particular sector or from ETFs that are overweight on several stocks would be to simply search for equal-weight funds (funds that give equal weighting to large/smaller companies), or funds that are simply more broadly diversified than the NASDAQ-100. However be aware there are also plenty of arguments against these funds. For example, you limit your upsides potential, or you give more weight to potential bad apples since all companies are not created equal. + +Regardless the point here is, if you are looking for diversification/security, then, the most important thing is exposure to different sectors so that your portfolio isn't subject to the exact same risks. (Tech / Oil / Subway) Not all market sectors move in tandem, the tech sector has done incredibly well over the past year, however, it is dangerous to take that and project it forward into the future. It was this exact thinking that led to the 2000 tech bubble. + +# Final Thoughts: + +**This is not an argument against owning QQQ (or any similar ETFs), it simply a post regarding to how the weighting of stocks in a fund can affect performance and sector exposure.** Take your risk tolerance into account, are you fine with a large percentage of your portfolio being dedicated to tech, or some other sector? If yeah then have at it, but always do you research. If not, then more broadly diversified funds like SPY or VTI will be more your friend. For dividend investing the goals of NOBL vs SCHD, as well as their individual holdings/market weightings, are very important to consider. + +There are many sites that break down the goals of ETFs and their individual holdings + weightings of those holdings. Research your funds to ensure they line up with your diversification or consolidation goals. + +Thanks for reading guys, if anyone has good researching recommendations or favorite ETFs to recommend then please comment. And have a good day! (or don't if you don't want to, I'm not your mom, I can't tell you what to do) +Looking at ways to diversify a portion of my portfolio and unwind a portion of it from a very highly volatile stock market play I have been engaging in the past 15 months or so. What are your top 10 dividend stock picks that gives a stable quarterly dividend? + +Edit: You guys have been very helpful. keep em coming. I'd really like to be diversified and have atleast 10 good dividend paying stocks. +In January 2020 it would cover only 6.64%, so it’s actually a decline. Fortunately, it was caused by a peak in expenses, where I paid a deposit on my upcoming wedding. The total amount was $158.66, which is up by 30.94% from the previous January. Considering that for the past months I have bought mostly growth stocks, that’s an amazing increase. In January I only bought VICI to my dividend portfolio. Looking forward to March 2022, which is the strongest month out of the three. + +Sneak peek at a fraction of my dividend calendar :P + +[dividend calendar for my dividend portfolio](https://preview.redd.it/ubtxb29c59f81.png?width=2052&format=png&auto=webp&s=1f58f5670ab685137893ba5bf0042da803589291) + +**What is the percentage of living costs that would be covered by dividends in January 2022 for you?** +I wanted to ask here because when googling, there has not been any mention of renting out a portion of your real estate purchase when considering this situation. This adds a whole new dynamic to the question of course, as you may bring enough rent in to severely reduce your out of pocket mortgage expenses (including property tax, repairs) or even completely cover them in some cases. While there is risk involved, there is also an opportunity cost to delay getting into such a situation. + +So, what factors/numbers would you be looking for when deciding to continue maxing 401k, or to speed up the down payment savings by backing off (down to the company match? completely?) the 401k contributions? +Hey all first time posting here. So here is what’s going on that I need advice with. My parents are in the final year of their bankruptcy. They started this process five years ago because my dad lost his job and when he finally did get a new job he has had a $5000 pay cut ever since. My parents are not smart with money and they tend to over extend themselves even now. Just recently my aunt came with the idea to go on a cruise to Cuba because my grandmother is almost 90 and they are worried she isn’t going to last much longer. As such my parents want to go and take the family but they can’t afford it and they can’t own credit cards while in bankruptcy (it’s part of their agreement). So they want to get me a credit card now so that I can start building credit for me and build a higher limit on the card so that when the trip comes they can use it to pay for the trip. I don’t know if this is a good idea given their past with money and I am wondering what to do as I do not want to piss off my parents but at the same point in time I don’t know if I necessarily trust them to not screw me despite them saying that they will make sure they pay it back. Another consideration for me is that I am in the process of joining the military and any outstanding debt may prevent that. Serious responses only please as I do genuinely need advice. + +Update 1: I told my parents no and did suggest that they try to save for it. It was a text so I don’t yet know what the reaction will be. Thank you for the advice everyone. + +Update 2: My parents were fine with my decision and were surprisingly even keeled about it. Thanks once again for the advice. + I'm 16 and I'm currently working a job at a restaurant only making 7.25 an hour plus tips, I'll start waitressing when the dining room opens up. My dad has cancer so therefore he isnt helping me buy my first car nor car insurance so I'm stuck with those payments. I'm trying to reach my goal of 1,500 to get a car and then save for the insurance. So far I only have about 430 saved up , I'm being very very frugal with my money. I'm expected to pay for my food, phone bill, insurance, gas, medical bills, etc. I've tried telling me parents that I cant do that on my own but they said they arent able to help me. I'm trying to get a 2nd job at Krogers hopefully making more then what I do now. I'm thinking about selling my clothes, even though I'm currently trying to sell one of my parents old trashed cars for 750 to save for my first car but it's not going the best. I just feel like this is impossible. I'm sorry if this didnt make sense, or sounds stupid, I just am stuck on how I should make more money. +Didn't think that today would be the day of "*Don't panic*", "*This is just a minor dip*" and suicide hotline posts, but here we are. And what we see is a lot of people panicking in the comments, or attempting to calm their own nerves by telling you guys not to panic and waiting for reassurance in the comments. + +This is why we always say to invest only what you can afford to lose. It's boring, but it's true. + +What I've noticed is that many people here: + +* Don't do their own research, don't care about tech, +* buy cryptos based on Youtuber's shilling videos, +* or based on shilling comments on Reddit, Discord, etc., +* or even worse, pick coins based on names and logos, +* and expect to become millionares overnight. + +These people are here to gamble with, and not to invest in cryptocurrencies that one day might disrupt the global financial system. + +They must've thought they are really smart and lucky with their gains these past few weeks. But in reality, if I asked my dog to pick 5 random coins from the 4th page of CoinMarketCap, I would've made the same gains probably. + +**If today's price movement scared you, or made you panic, you're in deeper than you should be!** +I'm still not 100% sure on how this happened which is why I'm coming to you guys. This all took place in New York. + +So a few years ago I started college as a freshman and got some student loans to help. My (abusive) father made me take out this "parental loan" or something like that for $15,000 to pay for school. I was 18 at the time and didn't really know the details, he basically took the loan out himself. Long story short, I ended my abusive relationship with him a year later and dropped out of school to deal with my mental health issues and lived with my mom for a while. + +Fast forward to now: I'm trying to apply to another school and my old school is telling me that my transcripts are being withheld. Apparently my father cashed out the loan, took the money for himself, and didn't make any payments or inform me of what he did. (So technically I owed all of that money to the school now?) The school was sending him bills and and notices to pay and he was just ignoring them and not telling me about them. There were so many missed payments on the loan that it eventually went to a collection agency. Now they're telling me the only way to get my transcripts back is to pay back all of that money. + +I work for $9.50 an hour and can barely afford to feed myself and my dog. How am I supposed to even put a dent in this debt? Is there any legal recourse I can take? I'm starting to get really stressed and depressed about this so I would really appreciate any help I could get. + +Thanks for taking the time to read this. + +Edit: It seems that I was a little confused about how these loans work but that doesn't change the fact that my father did something and now the school is holding my transcripts until someone pays them the $15,000 owed. I will be talking to the school and the lender to straighten things out. I appreciate all the responses. + +Edit 2: I also checked my credit report and this loan does not show up there (my other ones that I'm normally paying off do) and to set the record straight, I took a medical leave of absence (documented by the school and by my psychiatrist) due to my worsening depression (which developed because of his abuse) and my dad claimed that I was just drinking and getting high too much so he decided to do this out of spite. + +Edit 3: I've considered just starting school over from scratch but I've been told by the new school and other people that I can get kicked out of school or have my degree taken away for not submitting transcripts + +Edit 4: I need to sleep but I will keep answering questions on this tomorrow. Thank you everyone. + +Edit 5: Had a busy day today. I will make those phone calls tomorrow and will update everyone on what they say. + +Edit 6: So I had a nice talk with my school and they are willing to work out a deal with me to pay them a small amount now and set up a payment plan for the rest in order to temporarily release my transcript. I'm still dealing with the lender to try and figure out how and why my dad would leave this massive debt under his name. In the short term, my dad won. He succeeded in screwing me out of a couple thousand dollars which my mom is thankfully going to help me with. The issue with my old school was that there was an unpaid balance for my tuition and it didn't matter who was gonna pay for it, they're holding my transcripts regardless. Once I figure out what is going on with my lender I will post an update. Thanks for the help everyone! +Partner and I are currently renting a townhouse in Brisbane. We've been here a year now and have just signed a lease for another 12 months. We've been looking to buy our first home for the past year but haven't had much luck. + +From all the open homes and areas we've researched, we've come to realise we really like our current neighbourhood and the townhouse we're in. We'd like to approach the owners and see if they would be open to selling to us. Problem is we don't know how to do this without involving the real estate (I understand they will want their cut of the sale even if they don't do anything). Problem number 2 is the owners only purchased the house 9 months ago and its unlikely they will want to sell so soon. + +Has anyone in the sub had any experience or success stories doing something similar? +With so much attention to only a few stocks we saw a small dip in the S&P500 on Wednesday. This is likely to repeat while also offering a good opportunity to buy. + +If that were to happen in next few days again, what stocks would you be looking to grab on a significant dip or a possible correction? + +My current picks would be NIO, SQ, AAPL, SE/LMND +I'm 31 and have rented for the past ten years and quite happy, obviously this comes at a cost and can make saving for a house bit more difficult, I have a staple job that I enjoy, but sort of feel guilty for not saving towards a home yet. + I've made some silly mistakes in my younger years that will be fully paid off in 3 years, meaning I can potentially be 34 with zero debt to my name. This is my goal, maybe after that I can consider saving for a house. + +How many of you got on the property ladder at a later age? + +Cheers guys! +Need some advice! + +I've been considering going to college to earn an associates degree, and if that works well enough, then possibly apply for a 2+2 bachelor program. + +I've been in sales my entire adult life, never been extremely successful in any particular industry, and have been living paycheck to paycheck recently. My income has been around 40-45k/yearly for the past 4 years. I am married. I have one 18 year old child (which is why I now am considering a degree). + +I feel that I have great potential in a management function, but with no formal education, I have applied for management roles and always been denied due to other candidates backgrounds (so I've been told). + +I've always made on time payments for all of my obligations and I fear that my current financial situation (car payments, credit card bills) will surely suffer if I go to school. + +What advice can I get from amyone who's been through a similar situation and actually pulled the trigger? What can I expect and what would you have done differently to lessen some of the issues that may have arose? + + +EDIT: Thank you everyone for all of the advice!! + +EDIT 2: 7:11pm EST- Have read every comment thus far. Thank you to all, good or bad, for the input! Most action my reddit inbox has ever seen. + +EDIT 3: 9:47 PM EST (10/15/17): My Karma has risen like a Bitcoin! Thanks everyone! +Hello, + +From what I've seen, many financial products, such as PE fonds or hedge funds, have very high requirements on initial investments for investors to participate. Even "roboadvisors" often have minimums that go into the 6-figure range, although they target smaller investors. Why is this the case? Those businesses are essentially pooling money together and then sharing profits of the pool with the investors that make up the pool depending on how much they invested, so wouldn't every "little bit more" money in the fund help them operate? What are the high minimum requirements for? There has to be some underlying reason, but I'm not sure I really understand it at the moment. +No fancy pics or anything. Happened at the beginning of rising rates months ago but I took an 838,000 loss on a few stock trades (not options) that were growth stocks I didn't think were this high risk. That's 70% of my worth and was 10 years of my life. + +How do you guys cope with this? Every time I hear anything about finance, I sink into depression. + +Edit: these are realized post tax losses +A few sources have recommended Fidelity’s no cost index funds to me recently. I’m transitioning out of my Robo-Advisor (not great gains compared to indexes) and wanted to buy etfs/mutual funds instead. + +The recommended funds were: +- FNILX (S&P500) +- FZROX (Total Market) +- FZILX (International Market) +- FZIPX (Small+Mid Cap) + +The funds seems to be doing well-enough, and the first one is pretty much exactly tracking the S&P. + +Is there a risk I’m missing for them being no cost? Any insight is greatly appreciated, thanks! +So after re-reading the big short again, I think it finally clicked. Naked shorting may not be the big issue here. Naked shorting may just be a small tool used to support a much bigger derivative problem, synthetic credit default swaps. + +How bad can it be that the NSCC itself called Vlad and cut a deal to turn off buys. Other short squeezes never had that type of manipulation before. Even if Shitadel and friends were overextended, I don't think it makes sense to risk the entire market over a few bad eggs to tlto blatantly openly manipulate to the point that even the most unlearned of congressman would be able to call out. + +The report on credit derivatives just came out and many people will notice that by far the number one derivative traded between big banks are credit default swaps. + +Before I get into the theory and my request to look into this more, let me introduce Credit default swaps in ape language. + +From investopedia: + +"A credit default swap (CDS) is a financial [derivative](https://www.investopedia.com/terms/d/derivative.asp) or contract that allows an investor to "swap" or offset his or her [credit risk](https://www.investopedia.com/terms/c/creditrisk.asp) with that of another investor. For example, if a lender is worried that a borrower is going to [default](https://www.investopedia.com/terms/d/default2.asp) on a loan, the lender could use a CDS to offset or swap that risk. To swap the risk of default, the lender buys a CDS from another investor who agrees to reimburse the lender in the case the borrower defaults. Most CDS contracts are maintained via an ongoing [premium](https://www.investopedia.com/terms/p/premium.asp) payment similar to the regular premiums due on an insurance policy. " + +OKAY GREAT NOW WHAT DOES THAT FUCKING MEAN IN NORMAL VOCABULARY + +A credit default swap is an insurance policy on the debt of others that you own. Normally it is used as a hedge against lending money to corporations AKA corporate bonds (as well as other types of bonds) + +For example: + +If Gamestop needs, oh I don't know, $216 million in funding (total long term debt at the end of 2020), it can get its money from a big bank, Goldman Sachs for example. This then becomes a significant liability on the banks books. To offset this risk, the bank can then purchase a credit default swap from another bank lets say Credit Suisse, which will then **act as insurance** against Gamestop defaulting on its newly issued bonds + +So GS buys $213M in GME corporate bonds (effectively lending money to GME). GS then purchases a CDS from Credit Suisse to insure the $213M in bonds and pays a premium on this policy (interest) for like $5M a year for the life of the bond. If GME defaults during the life of the bonds, CS has to pay GS $213M for the price of the now worthless bonds. If GME doesn't default, GS just paid $5M a year to CS for 10 years. + +**Now here's where it gets slimy and opens up to fraud.** + +In the example above, the $213M in actual debt was insured using the CDS. It was a real CDS......but it doesnt have to be. A synthetic CDS is a bet on that corporate debt without ever being the lender. Bring in BofA for example. + +While GS continues to pay CS year by year for $5 for GME bond debt, BofA enters the game. BofA doesn't want to actually lend Gamestop money but thinks Gamestop will go bankrupt and default on its debt. It can then go to CS who sold the real CDS to Goldman Sachs and purchase a synthetic CDS using the same underlying (the GME corporate bonds that GS bought). **This effectively means that the CDS no longer is a hedge, but becomes a naked bet, PUTTING BofA SHORT GME. In this example, BofA are betting that GME will go bankrupt, not by shorting its stock, but by betting it will default on its debt.** + +Thank you to The Big Short for showing how CDS's can be used as Much larger, repackaged, less regulated short positions on companies. + +Now what the hell happens if that debt goes away?...... What if GME pays off its debt early? Who loses? + +Anybody who was betting on Gamestop defaulting on the debt loses. The synthetic CDS's that were taken out by BofA on Gamestop's corporate debt would effectively evaporate, meaning that they paid $5M per CDS contract, per year. + +And if you are overleveraged in this larger, more thermonuclear, opaque area of the market by, I don't know 200:1? (looking at you, BofA) You just lost a hell of a lot of money, I'm talking many 10s if not hundreds of billions in unrealized losses and you continue to bleed that $5million x #contracts per year. Multiply this by 20 or so big banks, all making 50 - 200:1 overleveraged synthetic CDS bets against Gamestop, The money at risk for GME alone could be Trillions of dollars. + +Some of the questions I'm looking for. + +1. Who would be on the other side of the CDS? Blackrock? Is that why Blackrock put RC into the chairman position, bought 9m shares and let it run? BR did say that they are sitting on more cash then they have in years and have been rapidly buying properties to hedge for inflation. + +2. Does the timeline of defaults (Archegos, etc) match with GME financial statements on when they paid off their debt. + +3. What the hell does a CDS look like on a balance sheet? Do the runups and debt payoffs correlate with all the big banks starting to lose a bunch of money. + +4. Do CDS's just disappear when the underlying gets paid off early? Is it the same for synthetic CDS's + +5. How do the quarterly derivative rollover dates affect this (u/Criand) + +Unfortunately I'm too busy writing my Ph.D. Dissertation to really dig deep into a lot of this. Hoping some wrinklebrains with a bit more time can help to answer these. + +**TLDR:** Thanks to Burry and Friends, I'm starting to think that naked shorting is only a tool to help push companies to bankruptcy where the real payday is not in the equities market but in the Corporate bond debt credit default swaps. These markets are much less regulated, are worth almost a quadrillion dollars and CDS's can be used effectively as a MASSIVE put on a company while using your smaller fish (Shitadel and friends) to short GME in hopes of making that debt default come true. + +I'm starting to believe the DTCC, Citadel, NSCC may not be the big players here and that the massively overleveraged Big banks have been taking out enormous synthetic CDS positions on Gamestop (and other companies in the past) in the hopes that they default on their debt. I need help looking into this. For example, who has owned Gamestop's debt at what time and when? Timeline of the runups with derivatives rollovers, and debt payoffs. (u/Criand) Anything else we can scrape from the ridiculously opaque derivatives market regarding over leveraging and using synthetic CDS's to bet on a company going bankrupt. + +Edit: This may be what Burry was saying about corporate bonds. Once again a tool used to hedge risks is being used to make naked bets against companies. (Also edited for clarity and added a few questions at end) + +That is all. Buy and Hodl.🚀 +AppHarvest is a publicly traded Indoor Farming based in the US. While there are several other in door farming companies like Gotham Greens and AeroFarms, APPH is the only one of the bunch that is publicly traded. Indoor farming, IMO is the future, and there currently is no dominant company like Tesla, Amazon, Apple in the AggTech Space. APPH only has a market cap of $4B. **Investing in APPH will not only position you for the future, but also allow you to capitalize on the sustainability movement**. + +The market share of indoor farms in the total aggriculture market is very small, giving lots of room for growth. Indoor farming only produces roughly 14B of goods compared to 400b of production in US. **At a market cap of 4B, I bought APPH for the growth potential and my belief that there will one day be a dominant Aggtech player and that indoor farms will take over farming in the future**. In comparison, Tesla has a 750B market cap. + +APPH is based in Kentucky. The founder, Jonathan Webb grew up in Kentucky and went to University of Kentucky. It makes me feel like he's in this for the long haul and wants to give back to the community there. Webb has aspirations to make Kentucky the Aggtech capital of USA. Kentucky is also a strategic location in that it has cheap land and access to rain water. [https://www.kentucky.com/news/state/kentucky/article246585233.html](https://www.kentucky.com/news/state/kentucky/article246585233.html) + +So why indoor farming: + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +**Benefits Of Indoor Farming**: This is pretty self explanatory but I will name a few + +* **Less use of water**: APPH and other indoor farms claim to use 90% less water than conventional farms. [https://www.appharvest.com/](https://www.appharvest.com/) +* **Can grow year round** +* **Not dependent on climate** +* **Can be done vertically to take up less space** +* **Can be grown without the use of pesticides** \- decreasing chemicals released + +In a nutshell, Indoor Farming is the way of the future. With climate change, outdoor farming has become unpredictable. Much of US farming is only able to sell their goods for so cheap due to subsidies. Fresh water is also decreasing and desalination is expensive. [https://www.bbc.com/future/article/20170412-is-the-world-running-out-of-fresh-water](https://www.bbc.com/future/article/20170412-is-the-world-running-out-of-fresh-water) The human population continues to grow and food shortages is a legitimate problem - hence some companies are looking into bugs as the protein of the future. [https://www.nytimes.com/2019/08/08/climate/climate-change-food-supply.html](https://www.nytimes.com/2019/08/08/climate/climate-change-food-supply.html) , [https://www.cnbc.com/2020/02/14/bug-protein-how-entrepreneurs-are-persuading-americans-to-eat-insects.html](https://www.cnbc.com/2020/02/14/bug-protein-how-entrepreneurs-are-persuading-americans-to-eat-insects.html) No matter what the solution is, the fact is, **we need to feed humans and we need to do it in a more efficient way**. + +\--------------------------------------------------------------------------------------------------------------------------------------------- + +**Indoor Farming vs. Conventional Farming**: + +Currently, indoor farming is still a bit more expensive than conventional farming. APPH is selling it's tomatoes as 'organic' which allows it to price it higher. However, the trend is reversing. While outdoor farming continues to face increasing costs due to use of pesticides, climate change, and water costs, indoor farming faces the opposite problem. Many US outdoor farms are only able to sell at cheap prices due to subsidies. Advancements in technology well continue to decrease the costs for indoor farming. Conventional farms also usually are located far from populous areas and will have additional supply chain costs. Indoor farms can be located wherever it makes sense to be located. For more info: [https://www.growcomputer.io/blog/2020/3/9/change-in-agriculture](https://www.growcomputer.io/blog/2020/3/9/change-in-agriculture) + +Costs of indoor farming include the initial investment cost of building the facility. After that, the main repeat cost is electricity to power the led lamps. However, it is still sustainable after electric costs: [https://www.eitfood.eu/blog/post/is-vertical-farming-really-sustainable](https://www.eitfood.eu/blog/post/is-vertical-farming-really-sustainable) Indoor farms as mentioned see vast reduction in needs for water, pesticides, land area, supply chain, and other costs that traditional farms see. + +**Indoor farming is already very successful**. Believe it or not, tiny Neterhlands is the SECOND largest exporter of food by $ value, after the US - all due to the their ability to farm indoors. National Geographic did an excerpt here: [https://investinholland.com/wp-content/uploads/2019/06/NFIA-National-Geographic-Article\_final-A4.pdf](https://investinholland.com/wp-content/uploads/2019/06/NFIA-National-Geographic-Article_final-A4.pdf) , [https://www.dailymail.co.uk/sciencetech/article-4863106/The-hi-tech-future-farming-Netherlands.html](https://www.dailymail.co.uk/sciencetech/article-4863106/The-hi-tech-future-farming-Netherlands.html)In door farm technology can be used to grow crops anywhere, even in the Sahara. + +\------------------------------------------------------------------------------------------------------------------------------------------------- + +**Indoor Farming Has ALOT of Potential**: Besides what's listed above, indoor farming can leverage AI in making farms automated and increase yield. Tech companies have been investing in indoor farms due to the potential to use technology and AI to increase yield and produce crops. [http://economyleague.org/providing-insight/regional-direction/2018/08/10/the-promise-and-peril-of-vertical-farming](http://economyleague.org/providing-insight/regional-direction/2018/08/10/the-promise-and-peril-of-vertical-farming) Additionally, the US governemnt has been eyeing ways to support indoor farming: [https://www.usda.gov/media/blog/2018/08/14/vertical-farming-future](https://www.usda.gov/media/blog/2018/08/14/vertical-farming-future) + +I truely believe, whether or not people like to think in those terms, that water and food will become a scarcer resource in the future. I also truly believe that indoor farming is the future, especially as we as humans look to become more sustainable. + +I'm not usually big on celebrity endorsers, but Martha Stewart is firmly behind APPH. [https://www.greenhousegrower.com/crops/martha-stewart-among-big-names-joining-appharvest-team/](https://www.greenhousegrower.com/crops/martha-stewart-among-big-names-joining-appharvest-team/) + +Like any budding industry, the market is currently pretty fragmented, but APPH is the one I am backing due to strategic location, tech, and company CEO. They also have David Lee on the team, who was the CFO of Impossible Foods. This means it's ripe for a dominant player to show up. All indoor farms should grow and capture some market share from traditional farms, regardless who you back. More on APPH views: [https://www.foodnavigator-usa.com/Article/2021/01/19/AppHarvest-releases-first-tomato-harvest-to-mass-retail](https://www.foodnavigator-usa.com/Article/2021/01/19/AppHarvest-releases-first-tomato-harvest-to-mass-retail) + +\------------- + +Disclaimer: I am long APPH. Investors should carefully consider the investment objectives and risks before investing. Opinions and statements of financial market trends that are based on current market conditions constitute my judgment and are subject to change without notice. My bullish sentiment is my opinion and was reached after doing due diligence on the industry and company. +Recently, my spouse was offered a job in a new state. The salary bump was sufficiently big that we decided to make the change. The company offered relo services, so we packed up our 3000 sqft house and put everything we owned into storage with the exception of the contents of four suitcases. + +We were moved into a one bedroom apartment and have spent the last four months living here with an extremely reduced set of belongings. It's been an interesting experiment in minimalism and frugality for us -- sort of moving backwards on the path of lifestyle inflation -- and I thought that I might share some of our findings from this period in our lives and how we plan on modifying our lifestyle moving forward. + +* Living in a one bedroom apartment doesn't feel that different from living in a four bedroom house. To be fair, the complex's amenities (gym, pool) somewhat make up for the smaller size. But at the end of the day, more space doesn't make you feel any better. + +* We didn't miss 98% of our stuff. We are going to be reunited with all of our stuff next week, and honestly, it feels burdensome. I am probably going to sell most of it. I feel like I have no use for it anymore. + +* The primary thing that I desperately missed was my kitchen things. Cooking is key for us both as a hobby and to help live a healthy lifestyle. The kitchen in our temporary living space was ill-equipped. The pans have been used twice and are already flaking. The spatulas provided melted on their first use. The can opener broke in week two. The oven smells really weird and the ancient dishwasher doesn't adequately clean dishes. As a result, we pretty much stopped cooking and started doing a lot of pre-made meals and take-out which skyrocketed our budget AND our waistlines. I am more excited than anything to be reunited with my cast iron pan and industrial-sized crock pot. + +* Our temporary housing did not have cable, so we experimented with cord cutting. We've been using Vue + Netflix + HBO GO. I don't miss cable one bit and we aren't going to install it in our permanent housing. By my calculations, this is going to save us around $1400/year. + +* Mattresses matter. After months of sleeping on an old, lumpy spring mattress, I can't tell you how excited I am to go back to my Tempurpedic. + +* Minimalism in clothes has been a revelation for me. I have BOXES of clothes in storage that I'm probably just going to donate because having only about 50 items in my closet has made dressing so much more freeing. I find joy in mixing and matching. I'm not overwhelmed by choice. I adore and delight in every item in the closet so I'm always happy with what I'm wearing. I'm never going back to closet bloat again. +* Not having yardwork to do was somewhat freeing, but I did find that I missed gardening. Our new place has a significantly smaller yard with minimal upkeep and we're going to add some boxes to continue this hobby. + +I guess I'm surprised at how easily we adapted to a significantly smaller life footprint. The place that we've purchased is significantly smaller and cheaper than our old home which has pushed our RE plans up about four years. And I'm not sure we would have been willing to do that without having had this experience and knowing we would be perfectly content with less. +The other day I had posted how one of my addresses had previous trfs on the chain from Tornado Cash. So, ironically, I now need a mixer to clean my ETH. + +Well, turns out, everyone could need this. + +According to this researcher [https://twitter.com/ElBarto\_Crypto/status/1558428428763815942](https://twitter.com/ElBarto_Crypto/status/1558428428763815942) + +Only 0.03% of ETH addresses have transactions with TC directly, but 40% addresses are 2 hops, 77% 3 hops and 93% 4 hops away from TC. + +The attempts of governments to get KYC for crypto addresses is going to get really interesting... +Need advise. Our landlord owns 100+ units and unfortunately passed away early 2021. + +Our placed was appraised for tax purposes only- they said we will be able to continue to stay/rent here. + +We have been thinking for a long time of having a conversation about buying this condo from them. Since it was recently appraised we will have a good idea what it’s worth at this point in time. + +What’s a good way to start this conversation? Do you give an offer.. is renting-to-own a possibility this late in our renting process? We have paid over $150k in rent and I don’t know if that could count for anything. +[https://www.gov.uk/government/publications/named-tax-avoidance-schemes-promoters-enablers-and-suppliers/current-list-of-named-tax-avoidance-schemes-promoters-enablers-and-suppliers#details-of-how-each-named-scheme-works](https://www.gov.uk/government/publications/named-tax-avoidance-schemes-promoters-enablers-and-suppliers/current-list-of-named-tax-avoidance-schemes-promoters-enablers-and-suppliers#details-of-how-each-named-scheme-works) + +Looks like both of these umbrellas were paying contractors NMW and giving them the rest as some form of loan/advance, while charging a 20% fee. Now the contractors face a tax bill and are still down on the fee. + +>**7. Details of how each named scheme works** +> +>**Absolute Outsourcing** +> +>The users completed an advance deed along with their employment contract. This advance deed is intended to justify the user receiving non taxable advance payments along with a National Minimum Wage salary. The aggregate payments amount to around 82% of their gross contract earnings. +> +> +> +>The users enter into an employment contract with Absolute Outsourcing Limited (AOL). The employment contract stipulates that the employee will work on client assignments and in so doing will be become an employee of AOL. In relation to payment, it states that AOL will pay the employee at a rate equivalent to the National Minimum Wage rate. +> +> +> +>At the same time the users enter into a loan agreement with AOL (“Advance Deed”). The Advance Deed provides that AOL, as the employer, will make an initial advance of up to £5,000 and further advances to the employee as the employer may think fit (“Advance Payments”). The Advance Payments are repayable within 18 months after receipt of the initial advance or earlier if the employee terminates the arrangement or breaches the agreement. +> +> +> +>Once the users are employees of AOL, they are then required to forward timesheets to AOL using a portal for this purpose. AOL then invoices the recruitment agency or end user for the services carried out by the users based on the hours worked and the appropriate hourly rate. Once AOL receives the funds for the services carried out, they then process the next step of the arrangements. +> +> +> +>AOL then arranges for the users to be paid for the hours worked in line with the National Minimum Wage hourly rate. This is confirmed by the payslips and the bank statements of the recipients. +> +> +> +>AOL withholds and retains as its fee a percentage amount, being between 18% and 20% of the amount invoiced to the recruitment agency or end user for the services carried out by the users (the gross contract value). The remaining balance makes up the Advance Payment with an advance advice note confirming the amount to the user. +> +> +> +>AOL arranges for the user to receive the Advance Payment. These payments are evidenced by the users’ bank statements which show one aggregate payment in accordance with the net salary per the payroll and Advance Payment. The Advance Payments that AOL makes to the users are claimed not to be subject to income tax or National Insurance Contributions (NICs). +> +> +> +>**Equity Participation Scheme (EPS) / Purple Pay Limited (PPL)** +> +>PPL invoice and receive payment from the end user. PPL pay the user around 5% of this amount as wages which is taxed under Pay As You Earn (PAYE). PPL pay around 75% of this amount as an advance to the user under the employee cash flow facility. This amount is not taxed under PAYE. PPL retain around 20% of the amount as their fee. +> +> +> +>The user enters into a contract of employment with PPL. This contract provides that the users wages will be at the applicable national minimum wage (or, if applicable, the National Living Wage) rate, unless the employee assignment schedule states otherwise. +> +> +> +>The user enters into a second agreement called the Employee cash flow facility. This is essentially a loan between the user and PPL and allows PPL to provide unsecured advances to the user. +> +> +> +>PPL enter into a contract for services with end users. +> +> +> +>The user enters into a Co-ownership (Co-op) agreement with PPL and the trustee of the Purple Pay employee share ownership trust. As part of this agreement, the user is said to acquire a joint interest in shares of PPL. +> +> +> +>PPL pay the user wages at the national minimum wage or national living wage. This payment is taxed under PAYE. +> +> +> +>PPL pay advances to the user as per the employee cash flow facility. These payments are not taxed under PAYE. +> +> +> +>The user disposes of their joint interest in shares acquired under the Co-ownership (Co-op) agreement and any dividend, distribution or proceeds of sale in relation to this joint interest is said to pay off the advance payments the user received from PPL (as written into the terms of the Co-ownership (Co-Op) agreement and employee cash flow facility). +> +> +> +>The user is subject to capital gains tax on any increase in value of their shareholding. + +I would have thought the idea of using loans to avoid tax would have been seen as a red flag since the original 'Loan Charge' debacle. + +Also (me not understanding IR35) could a contractor not have simply set up their own ltd company? +I truly don’t think it’s a meme stock anymore. + +1. RC is the Chair Daddy +2. Brilliant new hires from Amazon and chewy +3. 160 billion dollar gaming industry +4. NFT capability to return digital games and soooo much more +5. Expanding the product and merchandise they offer +6. ESPORTS + +Tell me what’s so meme-able about gme and I’ll change my mind. +If you like the stonk buy in. Don’t worry about getting in during an arbitrary dip that won’t matter when the thing fires into the stratosphere. (Not financial advice) + +Also to all that keep referencing “ALL retail buys are be facilitated through dark pools” ... that was never the case. Yes some trades were being syphoned through different exchanges but it was always mixed through some brokerages. You can pick your exchange when buying through most brokers. This will also be changing once a couple people get into their positions at the SEC and after the rule change at the DTCC. +Quote is not mine - it's the advice the CEO of Google gave Sheryl Sandberg when she was trying to decide whether or not to accept a job at Google which was several rungs below her other job offers. She did, and the course that set her on (Google rocket followed by Facebook rocket) has given her a net worth of ~1.6 *billion* dollars + +I think about this quote if I'm ever inclined to beat up on myself for not investing in crypto (first BTC, then ETH) earlier than I did. + +I believe that this is world-altering technology, and that I am incredibly fortunate to have gotten a chance to stake a claim within it as early as I did. It would be silly and ungrateful to whine about not getting in even earlier. + +An equally good quote for days like today might be "If you're going to bitch about the ride being a little bumpy, you may not be cut out to be an astronaut. Perhaps you shouldn't try to ride rocket ships" :-) + +Not trying to make fun of anyone, just noting in good humor that we are up 100% in the last 7 days! Take a deep breath, go outside, check back in a week! + +Peace, + +Ant +&#x200B; + +https://preview.redd.it/krxb8lt0qlk61.jpg?width=671&format=pjpg&auto=webp&s=c8e9964f4714a9e2116619068eddb1749d65448d + +I'd say he's not responsible for "causing "huge losses" for investors. " + +We just like the stock. +It seems like only 2 years ago, this exact post. The bubble still hasn't popped? + + +I see the top end of Melbourne and Sydney dropping/deflating, they've been overvalued for years but the constant influx of foreign buyers kept it so, so its understood they're dropping, but I'm talking average Mum & Dad housing market. + + +I've been on the watch of the market to 'get in' for 2 years now, expecting to grab up an opportunity when it all popped, was going to be an edgy 6% with LMI when I started, but a deals a deal.. yet they never came, and recently, in the last 3 months, I've seen a spike in the cheaper housing.. + + +In my area Adelaide, Elizabeth and Salisbury are "those" suburbs, 3 bedroom houses at $150-$200k, in June, now, can't spot one for less than $225. 30% gain in 3 months?! + + +The Average $300-$400k houses, average suburbs, are now peaking $500k. + + +I understand that low supply vs demand, some FOMO in the market, some incorrectly using their super $10k from 19-20 and again 20-21 to make up their deposit (the banks have banned it, but they also look the other way) and the no LMI scheme/scam by the govt, will be creating false demand driving up the prices.. + + +I see articles in here about it deflating, drops of 2%, 4%, yet what I'm seeing in actual properties is increases of 20%, 30%. + + +Yet, it still feels like there's something else lingering. What have I missed? + + +Thoughts? +Hi all, I sublet a room from an agency and pay around $370 per week (for 1 room in 3 bhk in Sydney) which includes bills. Rent was $320 until last month and they increased it by $50 citing increase in market rate. I didn’t argue or negotiate. Today they’ve sent me an invoice saying that we’ve crossed our allowed limit for gas and electricty usage and need to pay extra. I’ve lived in this place for about a year and this is the first time I’ve heard about it. I’ve asked for contract where this additional charge is mentioned, and will also ask for bills from the gas/electricity provider. +I wanted to ask if it’s even legal to do it? What are my options as I don’t want to just sit idle while they keep on taking advantage? PS. They’re saying the total usage for this month was $260 ($160- electricity, $100 gas). We use ac frequently, does this sound like right amount? +Either proprietary trading or retail trading. Since the job market isn't too great and I'm heading back to school for my senior year in a few months I was looking into alternative means to make money. + +I've been investing and swing trading with technicals for the past 3 years and I'm doing much better than I've been since i've first started. But I was wondering if anyone has any success stories with trading equities or FX? I know the failure rate is extremely high but, would it be possible? + +I also do have enough capital to forego the pattern day trading limit as well. +How much energy is wasted so restaurants can heat a 5 by 5 table space with each heater **as the heat escapes at almost a 100% rate in the open air** with no insulation? City streets are lined with these energy sucks running all day just so people can eat outside (pre and post covid). +Good Morning Apes! + +Not to much expected out of today. Friday it appeared as if we had started to turn around with them selling out of a chunk of those ITM puts shortly before close. Only to then get slammed down with even more of them yesterday. GME's price should remain fairly stagnant until the MM sheds the Delta from those contracts and that pressure is lifted, probably towards the end of this week. As they begin to hedge for next weeks gamma exposure they will want to drop the puts, rather than drive the price up into them. + +To me this all seems like standard practice for them. The ITM puts are common when they want to drive the price down without effecting the borrow rate and a great way to get people to paper hand the contracts that present risk for them next week. When these windows come up they only have so many options to try to reduce exposure... + +1. Tank the price to create panic and get people to cash settle their contracts at a loss (August 5th) +2. Slowly raise the price to get people to cash settle for minimal gains (Nov 17-19) +3. Tank the price, then let it slowly raise to get people who held the dip to settle for penny's on the dollar in future value. (May 12-20) +4. Do nothing then cover all at once to shake loose the impatient. (Feb 24) + +This is why I emphasized the importance of far dated contracts because you don't have to participate in their psychological games, you simply wait for exposure and collect profits. This is also why weeklies are so dangerous because of their ability to manipulate the price in the T+2 or T+6 window leading into these periods of high exposure. + +This seems to be the case now as u/yelyah2 gamma sensitivity indicator is showing there is a discrepancy in the options pricing, meaning that the options market is valuing the stock far higher than the lit exchange. Mostly because the open interest on GME is out in January and February. Putting pressure on them to hedge those contracts and increasing their potential exposure. + +https://preview.redd.it/c0iyy1rcki581.jpg?width=2048&format=pjpg&auto=webp&s=0a6a3f4f31feaf5505897c3c1b385f47ff24d4f7 + +**You are welcome to check my profile for links to my previous DD, and livestream.** + +&#x200B; + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Market + +Nice climb back up after some of those ITM puts got sold off into the latter half of the day. GME picking up some fairly significant volume, almost 3x our 3month average. Closing back up almost $20 from our intraday low. I think we saw a little buy pressure from a Computershare batch order at market open and some effects from Friday's T+2. We should continue to be a little volatile after this point into the end of the week as the deleverage from those put contracts and start hedging open calls into next weeks ETF LEAP/GME Quarterly Exposure. Thanks for watching. + +\- Gherkinit + +https://preview.redd.it/0cvg2hwjxk581.png?width=796&format=png&auto=webp&s=b0c4b7ff2492ed65147bc74b0b8196e7543fb211 + +Edit 5 3:05 + +Finally breaking free of that long-term resistance several large open put positions are closing out. + +https://preview.redd.it/a7p7jvpgek581.png?width=1370&format=png&auto=webp&s=dca4f9a568758c1dc0c5f829d18c74b6a621544b + +Edit 4 12:37 + +Large orders piling up it looks like we are gonna rip ... + +Edit 3 12:31 + +Trend looks like it's beginning to reverse moving into the midday, there may still be some exposure from Friday's cash settled ITM puts that may drive some afternoon price action. + +https://preview.redd.it/xr8y0j26nj581.png?width=1396&format=png&auto=webp&s=eeb0949da4fa7e3b090f3b80778ac4de548c6a5a + +Edit 2 11:15 + +Failed the test at 150 and dropped down but GME still holding above VWAP we may see more volume come in as we move into the afternoon we are set up well for another test. + +https://preview.redd.it/4efvp2zr9j581.png?width=1394&format=png&auto=webp&s=ae36460bc362f1585b657d9808c9a62048c5aed4 + +Edit 1 10:15 + +Very nice volume for the first 45 minutes @ 2.37M already so of those put contracts being shed and what looked like a large number of retail buy orders at market open driving up price action (CS block order ?). Pushing GMe back up to that 143 resistance were we are beginning to consolidate. + +https://preview.redd.it/3p72lutsyi581.png?width=1413&format=png&auto=webp&s=453c26b7853c76ddc276e32150b9c7c4f81440a0 + +# Pre-market Analysis + +GME sliding a little further in the pm, down almost 5% on an impressive 104k volume. + +Shares to Borrow: + +IBKR - 150,000 @ 0.5% (yesterdays borrowed shares continue to be carried) + +Fidelity - 686,206 @ 0.75% (about 200k borrowed here) + +Here are the puts largely responsible for our price decline yesterday, it does look like they have started shedding some of the $150's, this is a concentrated an **UNSUSTAINABLE** push to the downside. + +[Almost $50m dollars in puts...all the confirmation bias I need to not \\"forget GameStop\\" lol](https://preview.redd.it/q2itgmydli581.png?width=837&format=png&auto=webp&s=1edb4325a781aaa368f8c114935b781cc32d67f7) + +[GME pre-market 1m ](https://preview.redd.it/5cxptagoli581.png?width=1411&format=png&auto=webp&s=b095336e8d9538989822698c63a59873936c7c7a) + +This constant slamming of the bid is also driving greater divergence in foreign market arbitrage, this spread is also unsustainable. + +[CV\_VWAP](https://preview.redd.it/ym0jdf95mi581.png?width=2449&format=png&auto=webp&s=acf410aff6a08c99e2cb305d7a0050f2fb023d5e) + +**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.* +Thought this was a fascinating find and that the community would get a kick out of looking through some of this guy's holdings. + +[Link to Article (1st Page) and Google Doc (2nd Page)](https://abovethelaw.com/2017/03/a-peek-inside-sullivan-cromwell-partner-pay/) +There's been tons of love and promotion for CRO lately but I fail to see how it's any different from any other centralized exchange tokens like BNB, KCS etc. Just a few months ago several of the top posts were about what a travesty the crypto space is because BNB was a top 5 coin, and how they goes against everything that is crypto + +So what's so different about CRO? I get it's a lot more in the spotlight with all the marketing and everything and they're making a big run for top10 + +Not hating or anything, just genuinely curious (and interested to see sentiments next year) +Hi guys, + +Many people on here say to stick to US stock, if they do suggest international it’s always only 20-30% allocation. + +My question is why? + +In the long term, world ex US stocks on average make 10% returns while US stocks do too. + +So I’m medium terms one may beat the other but overall they both go up by the same long term. + +Wouldn’t that make it prudent to go 50/50 then? + +Or better yet, by the logic that they both grow 10% long term but one beats the other short term, the fact that US has beat international short to medium term should mean 75/25 going heavy international no? + +Thanks. +I’ve enjoyed 9 of the 15 years I’ve been at work. 7 of those years were in research (non-accounting) and paralegal work and 2 were in financial analysis, specifically rebuilding antiquated Excel sheets into automated models. + +Of the 6 years I haven’t liked, 4 have been in accounting or auditing, 1 was in law firm pricing and 1 required a lot of conference calls and presentations. + +However the highest paying have been in accounting and pricing. + +I’m starting to wonder if it’s accounting itself that I hate. I’m good at it but the general people I work with are not my type of people. I do accounting for the money but I used to play music and am more literary- minded and liberal. + +I worked hard to get this accounting masters and go through the experience to raise my salary up but I’m just continually miserable at work even changing jobs a couple times. + +Is the extra money really worth it ?? +Bitcoin has closed NINE (9) green days in a row. + +This has only happened three times in the history of Bitcoin. + +Every time, it was followed by a face-melting bullrun. + +- 2012-09-19, Days green: 11 + - Price at time: 12.32 + - Cycle peak: 259.34 (+2005.03%) + +- 2013-10-15, Days green: 10 + - Price at time: 142.76 + - Cycle peak: 1163.0 (+714.65%) + +- 2015-10-30, Days green: 9 + - Price at time: 328.65 + - Cycle peak: 19666.00 (+5883.87%) + +- 2021-07-29, Days green: 9 + - Price at time: 40018.00 + - Cycle peak: Three words,bullish af. + +Edit: *This is never Financial Advice.Just your daily dose of hopium.* +Anonymous account for obvious reasons but I wanted to share my story. + +Edit: I was making 18k per year while working construction in 2012 because I had trouble finding work in my field of study. I worked hard, made a career change, and my first "real" salary was 52k per year. + +I started buying Bitcoin in June of 2017. I continued to buy small amounts as the price increased. I was convinced I would "never" be able to afford an entire Bitcoin but I kept at it. I was only making about $59k per year at the time ($10,000 below the median income for my area) and still trying to pay off what had started off as over $100,000 in student loan debt. + +Like many others, I was discouraged by some of my purchasing decisions (like buying at 17k), but I kept buying until I had my first whole Bitcoin around October of 2018. Even then, I was only down about 35% because I had made purchases starting in June of 2017. Then, shit hit the fan in November of 2018 and I watched as I was suddenly down more than 65%. My bags were heavy and I truly understood this was the despair stage. However, I didn't give up and I actually bought another full Bitcoin at $4,100 in April of 2018 despite feeling like my anus had been stretched to the max. + + +I didn't really buy any more Bitcoin after that for a long while. I felt that I had reached the "don't invest more than you can afford to lose" limit and I was a member of the 10 million club with my 2.1 BTC. I paid off debt, lived life, fixed up my house, etc. I thought I was done buying Bitcoin. I finally "broke even" around the $7,700 price mark. + + +Fast forward to March of 2020 when we crashed because of Covid, I was kicking myself because I didn't really have money at the time to buy more. I only had a couple thousand in an emergency fund and I don't touch that unless there is a true emergency. + + +Then a perfect storm happened. I got a new job close by that was paying significantly more money and I needed to sell my house. A house that I had built up a lot of equity in over a short period of time. I went from only having a $2,000 emergency fund (plus 2.1 Bitcoin that was worth about $22,000 at the time) and a standard 401k from my previous employer worth about 55k, to about $65,000 in cash from the sale of my house and $55k in a 401k that I could now put into an IRA. + + +I put 10% down on the purchase of a new home, bought some stuff, and I had $30,000 in cash once the dust settled. At first, I thought that money would simply be my 3-6 month emergency fund and it would sit in cash in my checking account, earning 0.0007% interest. That's the responsible thing to do, right? Around this same time, I rolled my 401k from my previous employer into an IRA in part because they wouldn't let me buy GBTC. I found an IRA provider who allowed me to buy GBTC and I sent the money over. It took me 7 years to build up a 401k worth $55,000. (I think I averaged about 13% annual returns). + + +Between the cash and the new IRA, I had over $85,000 just sitting on the sidelines, waiting to pull the trigger. This was more money than I had ever had before. BTC sat around $9,000 for several weeks and I was convinced we would retrace back down to 7 or 8k before the next bull cycle. I hesitated out of fear, because of all the FUD surrounding Covid. + + +Then I saw the news about Microstrategy, then the price pumped to over 11k (Fuck! I can't buy 3 whole Bitcoin anymore with my 30k). I knew I was FOMOing in, but I figured it wouldn't matter much in 10 years if I bought at 9.5k or 10k or 11k. I think seeing institutional investors was the thing that pushed my hand to go "all-in". That, and I still have a good 30 years of work ahead of me so if I go bust, then at least I can start again. I bought $30,000 worth of Bitcoin at $11,100 and I bought about $55k worth of GBTC when BTC was around $11,300. + + +Now, I've more than doubled my net worth in a matter of months and it feels fucking great. Altogether, I've put about $100,000 into Bitcoin which is now worth more than $260,000. I'm hopeful for the future and I think 2021 is going to be a great year for Bitcoin. I don't plan on selling my Bitcoin for anything other than paying off my mortgage. I've already decided that whenever my $30,000 BTC buy becomes enough to pay capital gains taxes and my mortgage, I will sell. I'm making the decision now so that I won't have to later. I will always HODL at least 2.1 BTC to give to my kid or a charity if my kid turns out to be a little shit. I'll start to sell some of my GBTC in 20 years when I'm getting ready to retire. I hope they launch a Bitcoin ETF before then so that I don't have to pay 2% every year. I've already been through a full bull/bear cycle so I feel I am better prepared for when it happens next. I've only sold once before early on, and I regretted it so now I have diamond hands. + + +Onward and upward. + +Edit: For all of the folks who are saying I shouldn't pay off my mortgage, I understand what you're saying. I could make considerably more money if I just HODL for 30 years. I could also lose it all because even though I'm a believer, Bitcoin isn't a sure thing. A paid for house is. It's also a great way to give myself a 25% pay raise which would give me far more cash flow to invest in businesses or give to others in need or improve the quality of life for me and my family or even to buy more Bitcoin. I have very personal reasons for wanting to pay off my mortgage. It's a goal I've had years before I ever heard of Bitcoin. 2.1 Bitcoin + my Greyscale funds will be enough to live comfortably well into the future. I don't want to be greedy. +# I believe Ryan Cohen is going to distribute his new book series to the GameStop retail investors via an NFT Dividend during the week of December 2nd through December 9th. + +The [Teddy.com](https://Teddy.com) site launched today, November 19th, 2022. The site sells a series of Children's books about Teddy and his family. There was also a Wall Street Journal piece about Ryan Cohen that was published at exactly 12am that mentions the books and seems to be fairly positive. + +* The books were published by *Teddy publishing* which filed for several trademarks on January 4th, 2022. The different filings have different classification codes. One is 016 and the other is 009. + + +[What is the difference in Trademark class code 016 and 009.](https://preview.redd.it/eu8902lzjz0a1.png?width=792&format=png&auto=webp&s=4d6011bf310152bb4a2c1c3d7097384bba7e0c45) + +# What is the difference in Trademark class code 016 and 009. + +* Classification code 016 seems to have been filed for the physical set of the book series. Words like Printed, cardboard, paper, etc. + + +https://preview.redd.it/o0f63ulukz0a1.png?width=787&format=png&auto=webp&s=af6d28b2f0ee7869dff0691702bf4542d66ad757 + +* Classification code 009 was filed for downloadable fiction & non-ficition books. +* After looking into International Classification codes for trademarks (not exactly a hobby of mine) 009 seems to be where Books in the form of an NFT would be filed. Also, once I clicked the 009 in the screenshot above it showed me a list of things that would be classified under 009 and here is one you'll find interesting: + + +[009 Class Code Examples](https://preview.redd.it/spzmnav0mz0a1.png?width=776&format=png&auto=webp&s=8e51990c1e581f036ad8d81573e93560897b50ff) + +* Also, if you purchase the books it says they will ship in 2-3 weeks. +* What is halfway between 2 weeks from now and 3? December 7th would be Wednesday of that week (right in the middle and exactly 3 months since our last earnings call). + +&#x200B; + +I am by no means a Trademark Law or Class Expert so correct me if needed. This is also my first Superstonk Post by the way. +Basically title. Out of everything in the Gamestop sphere right now, what is the thing that comes to mind that makes you certain of your investment? What keeps you hyped, gets you jazzed, makes your tits jacked? If you were speaking to somebody on the fence right now, what is the topic on the tip of your tongue to get them psyched? +O is obviously one of if not the top most recommended stock in this subreddit, and it's easy to see why. They pay a monthly dividend, have a **dividend yield of 4%** and have been growing their dividends for the past 28 years. + +My concern comes with the data that I see in their financial statements. Their revenue and free cash flow has been increasing, however the amount of share dilution that is being reported means that the **revenue and free cash flow per share** is actually **stagnant**. + +https://preview.redd.it/t0x7auo7erg91.png?width=1653&format=png&auto=webp&s=e39b1ed120ae2b5b6e0f21dd35e6e0d1801f7fc2 + +&#x200B; + +From 2012 to 2020 **revenue per share** has increased at an annual rate of **2.8%** per year and **free cash flow** has grown at **2.9%**. **Inflation** in this period was **1.5%** per annum. I excluded 2021 which I'm assuming was just an outlier, however if it wasn't then the results would be much worse. + +This means that their revenue per share and free cash flow per share only **grew 1.3% and 1.4%** respectively in real terms. + +Given that the **current dividend per share is $2.97**, there isn't much room for it to grow organically as it is 95% of the average FCF from 2016 to 2020 ($3.11). + +A dividend yield of 4% is nice, but it means that the share price will underperform the market. If you assume flat growth in price per share for $O, and no dividend increases as it will get harder and harder to do so since the dividend to average FCF is 95% then using DRIP will only give you a rate of return of 4%. Much lower than the average market rate of return of 10%. The overall market is also much safer than an individual stock. + +&#x200B; + +https://preview.redd.it/brmkyj0sjrg91.png?width=1920&format=png&auto=webp&s=2ae9b04b1f53db31bbb8afd85197fd45ac10ccd5 + +The image may be a little blurry, but basically using **2.9%** as the **FCF growth** rate; a **WACC of 7.02%**; **CAPM of 7.75%**; The **SP500** historical average of **10%** and the 2020 number for FCF/Share as I believe that the 2021 number was just an outlier. I came up with 3 fair values of $O. They are **$78.80**, **$67.48** and **$47.23**. If you are content with just using WACC then you have a small **5% margin of safety**, however if you want higher returns you might want to find a different stock at the moment. + +I know this subreddit likes this stock, but I think it's important to highlight everything when it comes to stocks as it provides clarity and helps people make clearer judgements on their investments. +If you have 50k in cash and you want to generate annual return. Would you rather buy shares or sell OTM or even ATM, blue chips only, LEAP or monthly cash secured puts? + +If you sell 550p TSLA September 2022 for around $5300, annual return is 10-11% which is not bad or you can sell 4 contracts 140p AAPL for $5700. + +Either way, if the market crashes, you will be a bag holder for short term. You will lose dividends by selling puts, but dividends are not appealing in blue chips stocks. + +&#x200B; + +Give me your opinions. +It is completely unclear to me why some people give so much money for NFTs. + +This may be an unpopular opinion but I have to say what I have been thinking for a long time. + +Maybe NFTs have a great future and huge potential, but right now I see it as garbage. Pixelated garbage. 10 second made pixelated garbage. It is not used for the purpose it was made. + +Almost everyone who buys NFTs buys them for one reason only - to sell them at a higher price. And that is it, nothing else. + + I don’t see their point, nor the point of giving so much money for something that is considered as a digital “art”. Maybe I don’t understand digital art. Maybe it’s just me, and maybe it’s not. Maybe when the bear market comes most people will be left with their hands full of useless nothingness. + +Artists who don’t have many followers make NFTs of the same quality but fail to hop into the market. The reason is simple, sales, higher earnings and that’s it. +Too much attention is given to the increasing Bitcoin dominance and the declining ETH/BTC ratio. + +A more insightful metric is ETH’s share of the entire crypto market cap (or rather, the top 100 cryptos, a much healthier measurement of the ecosystem) . ETH is currently at about 8% dominance of the top 100 (about $255B). When removing Bitcoin, the picture looks much different - ETH is 25% of all altcoins (approx. $80B). + +As others have stated, 90% of the top 100 crypto’s will likely disappear in a few years (similar success rate as tech startups). ETH stands to take a much larger portion of capital flowing into this segment, even as the entire segment itself grows. +One of my biggest fears in crypto is that the financial elite/big money will simply not allow it to progress. The fact that they control media, banking and government is probably just the tip of the iceberg. Fiat currency control is also essential to their model of maintaining power and therefore as we all know crypto is a huge threat to them. Who is to say they aren't willing to buy huge amounts of crypto (maybe even 75% of the market) only to cyclically dump on us to completely blow confidence in the market and ruin any potential future. I'd bet they wouldn't even mind taking huge losses just to ensure that crypto does not progress/catch on and to protect their power. +Just wondering if I have options here. Sorry about formatting and if this is a weird stream of consciousness. + +So, I was on maternity leave for 12 weeks, during which I took out PTO and also had disability payments (not concurrent). However, the last two weeks of leave were not covered by either (balances of both were empty), but I still received a paycheck. Upon returning to work, I got an email from the (very sweet) HR lady that informed me that since I was overpaid, they will be deducting 40 hours from each of my biweekly paychecks for the next two paychecks. They will also be deducting that insurance deductible from the first paycheck I receive. + +Basically, is this allowed and I just have to deal with it? Are there other options available? I understand if they need to undo their whoops, but having less than half my income for the month isn’t ideal with two kids in daycare. + +I’m in the state of Minnesota, I understand federally it’s a big ol’ too bad so sad but was unsure of how it is on the state level. + +Thanks in advance! +Remember The Big Short? Where was the SEC while all that was going. The only SEC person in that movie was the pool chick who wanted to work for the Hedge Funds after leaving the SEC. just like in The Big Short, they will be nowhere to be found through this. If this kicked off on monday all the SEC would do is make a few more laws with a couple million in fines a few months from now. Gary Gensler is no hero or anyone to be admired yet. What has he really done yet? A few promises and talk of investigation. Wait to give him congratulations when he actually arrests or takes these financial terrorists licenses away. Until then be skeptical of EVERY person. Us Apes are on our own. Thats fine. + +Buy, Hodl, Vote. That is all. +Maybe this isn't an original idea, but I always dreaded the "3-6 month emergency fund" suggestion because it always felt like a pipe dream. I'm a grad student and my husband works minimum wage to support us, and things have been tight for a long time. + +But I realized the other day that we have a ghetto version of a 3-6 month emergency fund! So I thought I'd share what we've done. As a disclaimer, I know this isn't ideal. But it's realistic and it works. + +The first step is making a budget. Include all expenses for the year, including annuals such as car registration, renters insurance, gifts for all occassions, etc. We also budget car maintenance, dog vet visits, etc. That's a different post, and there's plenty of suggestions around here. + +Step two is to adjust your budget to include the maximum you can expect to spend in a month on an bill. For example, our winter electric bill is highest at $90/month, so we set our monthly budget at that point. Another example is we still have our gas budget set as though gas were $4/gallon even though it's less than $2 where we live. + +The next step is to use the envelope system / ally savings account system to roll over the extras each month. We have a "utilities" savings account where we put all of our left over money from our electric bill. We have an envelope with cash for our car gas. Although it's taken a year and a half, we now have about $600 saved in our utilities account which is actually more than 6 months savings! For gas we have about $200! We also keep shoveling away our "car maintenance" and "vet visit" money into respective savings accounts which have built up enough money for at least two normal trips to each place. + +We do the same thing with our car payment. I know none of this is "ideal" (even having a car payment) but it works for us. My husband gets paid every 2 weeks, so we pay half a car payment every paycheck. On the months he gets three paychecks, we still make that payment. And because we're feeling good about saving in other bill areas, we add that extra money to our car payment. We're 2.5 months "ahead" on our car payment which is great in case something happens. + +The biggest obstacle has been rent, because it's expensive. All of our "windfall" money (tax returns mostly) goes into a "rent" savings account. It's a slow build, but we'll keep pushing. + +I hope this post is encouraging for fellow poor people. We're fortunate because we don't have kids, but we've also been dumb and have a car payment, dogs, cell phones, etc on minimum wage. If we can do it, you can do it too! + +Edit: I forgot to mention this other piece: we budget "household items" and spend that money entirely every month. If we don't have anything urgent to buy, we buy an extra thing of toilet paper, laundry detergent, etc. This way we have a stockpile and we can be flexible if money needs to go elsewhere. +Where I live in America right now prices on gas are at $5.40-$6.20 per gallon. It takes almost $170 to fill up my gas tank. The cheapest rent that you will find on a one bedroom apartment is $1,400-$1,500 per month and if you’re looking for a two bedroom you’re looking at spending at least $2,000. I myself spend $2,100 per month on my place. +Though I am a young person I make fairly good money. I have served in the military, I have applied myself, thought out the right opportunities and I have worked very hard and my wages reflect that. I make $33.03 an hour which is about $66k per year before tax and pers deductions. This puts me well over the average household income for my state. However even with this I struggle to make ends meet. For example , this year I have been late on rent twice..the first time was because my trusty car of many years broke down and I didn’t have good enough credit or a co-signer to lease a car or take out a car loan so I bought a car I found on Facebook market place for $9k this took up most all my money and I had to wait a couple weeks to pay rent…the second time I missed rent was because I had to take 20 days off work for National guard annual training and the guard obviously doesn’t pay me as well as my actual job so I didn’t have enough money to make rent until later that month. Also food prices have skyrocketed, I was at Costco and saw that a pack of 3 steaks cost $54 and a gallon of milk cost $6.33, my total bill on that shopping trip was $500 and it only lasted me two weeks!…just a couple of years ago that same grocery trip would’ve cost me $300-$350 tops!… +My mother has lived alone since my father passed away two years ago, she doesn’t struggle financially, (she is actually fairly well off in her retirement) but she is very frugal and likes to live on the bare minimum… because of this, when I go grocery shopping I like to go shopping for my mother as well, not to get all of her groceries for her, but I like to get her things that I know she enjoys but finds too expensive to justify buying herself…after my most recent Costco trip I spent over $500 on just basic food items that I needed for the next couple of weeks and I wasn’t able to get my mother everything that I usually get her because I simply couldn’t afford it…and that was something that irritated me a lot. +But the worst part is the housing market right now… my lease on my apartment is coming to an end and I was thinking about buying, I’ve always wanted to be a home owner and I thought I was ready for it. I do not have great credit but I do have the ability to use the VA loan from my time spent in active duty, I also have about $26k of employee contributions in my pers account that I could pull out to use as a down payment and I make a pretty decent income….so I looked into it but I could only get approved for a max loan of $300k….one would think that is a lot of money but where I live the average 3 bedroom house runs over half a million dollars, and even the surrounding smaller towns are still at least $100k-$150k above my budget…which is astonishing because when my parents bought there house in this same area for $92k back in 1992! +Listen, I understand that our economy is going through a rough time right now but I can’t understand this…and I don’t mean to sound ungrateful for what I have but these prices are ridiculous and I don’t understand how other people are surviving… In my state the average hourly pay rate is $15.33…which is a monthly income of $2,158.46 after taxes, the average one bedroom apartment here costs $1,400, a month of food for one person is at least $750 and a month of gas is going to be $300 at minimum! All together the average persons bills are going to out weigh there salary! And yes I’m sure they have room mates and try to cut down on gas but still…they’re going to be cutting it close… hell, I’m cutting it close… +I’m just trying to figure out what is going to happen. Because in my eyes If prices are going to keep climbing and the wages aren’t going to increase then everybody is just going to continue to struggle and eventually they’re going to wear down and just give up…if you’re constantly swimming against the current eventually you’re going to tire. People will give up and stop going out and spend more time indoors because why go drive anywhere when it costs you $30 just to go across town to your buddies house? People will start moving back in with there parents even if they’re past the socially acceptable age of living with there folks because why spend 3/4 of your monthly pay on a shoe box apartment when your ma and pa have a couple empty rooms for free? And soon enough, if things don’t change people might be thinking ‘hell, why work at all if I’m not even getting paid enough to cover my bills?’ +I just wanna know what’s going to happen. +I make 100k/yr and just turned 47. I don’t see myself working until 62. How would it affect my SS money? +My goal is to pay off my house in 3 years. I only have 120k in my 401k right now. I contribute 5% but will increase it by 1% per year until I’m ready to stop working in 10 years. + +I’m worried about health insurance expenses too. I don’t have any health issues right now but who knows in a few years. + +Also, I’m in grad school (30k) right now. I don’t even know why I decided to go back to school. I’m just bored. I have a year and a half left. After grad school, I will pursue a job that does not require heavy pulling, pushing, and lifting and less stress. Perhaps, that would allow me to work more years than I originally want. + +Honestly, I just wanna pay off my house right now so I can relax. After that, I’ll go full blast on investing (mutual funds, etfs, a little bit of crypto). + +I have a gambling problem that’s why I wanna pay off my house soon. I wanna secure my living condition first before I lose control. I’ve been very good not gambling lately so I’m proud of myself. + +Anyhow, I guess I should post this under rant or wherever but thank you for reading. +Hi everyone. This condo purchase is my very first rental property and im hoping to get some feedbacks. Please note that the HOA is 200, so I would take home 800 before insurance and property tax. + +My question is, how do I price the rent? I have 50+ inquiries for 30 days with 3 applications. + +Thank you for your time. +I’m very bad at saving money, I’ve recently fell into a great paying job and I’m looking to tuck away some extra cash for a rainy day and get out of my overdraft. What tips for saving money do you find works best for you? +Think I'm kidding? You really think a machine as lucrative as wall street which has turned generating dollars into a science would ever remain on the sidelines? + +How exactly did you think the "institutional money" that we've all delcared was waiting, would enter the game? At the ATH's WEEEEEE created? + +Media assaulted your profits. Article after article touting the end of the world. Blockchain techies kept saying, "HODL." + +You didn't listen. + +'India is banning cryptocurrencies.' was the written rumor, and it spread like wildfire around the globe. + +The truth - that the finance minister's words were exaggerated, didn't even reach your twitter feed. Did you ask yourself "why?" + +Then came this diddy: 'China is banning cryptocurrencies.' + +Are they? Tell you what, when NEO announces it's closing its doors forever, I'll believe China is banning crypto. Did NEO close its doors? + +A tsunami of FUD flooded our social media at the same exact time Bitcoin drops like a hot potato, just like it has done every year at the same exact time. This campaign really wasn't difficult for Wall Street Whales to plan. + +A symphony of FUD composed for your very eyes, timed perfectly to lead up to the SEC's meeting yesterday. + +And what came out of the meeting? Why gee, look at that, the US isn't banning crypto. But it will be regulated (which is wonderful). + +But wait... then.. right after the meeting ends Mark Warner, the US senator from VA, gets his lackeys in the media to print an article where he states there's no way to ban crypto because the underlining blockchain technology is too revolutionary. + +He stated that he sees blockchain more transformational than cellphones. In fact, he even threw out numbers. And I paraphrase, 'what seems like a few hundred billion in market cap right now, could easily be $20 Trillion by 2020.' + +You think it's a coincidence this article came out after the SEC meeting? + +You think it's a coincidence that after those two snippets yesterday I get an email in my box today saying Coinbase is now accepting direct and immediate purchases with my bank account? This, on top of credit cards announcing you can't buy crypto anymore on their credit? + +Now they step in, and scoop up all the profits you lost, which gives them the power they didn't have. And why? Because wall street sharks sharpen their teeth on rookies. That's why. + +Will the market drop again? Yep. Might it crash? If BTC crashed every year in January for the last 4 years, I'm going to say yes. + +However, will it be because the underlying technology is so weak and bad that the cryptoassets linked to these blockchains are valueless? Nope. + +It will be because suckers are born every minute. And weak hands lose to experience every time. Now stop giving them the freebies. + +And don't use this as trading advice. It isn't. Plan. Strategize. Play smart. Their patterns are unbelievably obvious if you stop screaming "lambo" and dive into the work of research... your OWN research... not some journalist who may or may not be taking an extra $500 to write a well-placed, slanted article meant to instill a FUD nugget. + +Yep.... you little freakin' FUD nugget. You got Played. Schooled. Housed. Owned. + +Rage against the machine. That's partly what decentralization is all about. + +I'm done. + +The regular folk who have made the life changing amounts of money did it through holding. Go read all the stories online about BTC and ETH millionaires. I don't recall any of them saying I made my millions selling the tops and buying the dips. Unless you are a Mike Novagratz type don't play with fire. It is still early. Crypto owners don't even makeup 1% of the population. Hell Wall Street institutions haven't even entered the crypto investing fray, that is actually happening next year. Please, please, please take a step back when corrections like this happen and be careful. Also BTC and ETH have massive network effects for what they do (Money/Smart contracts) by careful when trying to bet against this and make sure you still have substantial holdings in both of those coins in additional to the other coins you are interested in. +I want to buy 3 month Treasury Bills. I have an existing Treasury Direct (for I bonds) and an existing Schwab account. + +Which one should I buy Treasury Bills with and why? + +Thanks! +Can anyone help provide info or suggest a resource for understanding the implications of marrying someone with college debt....specifically large college debt? + Hi there! I am a 2nd year teacher in California with a 403(b) plan (the equivalent of 401k for teachers). My monthly salary is about $3200 post-tax. + +I currently have around 33k just sitting in my savings account, and manage to increase that number by around 1k every month after budgeting. With what little I understand about making money, I feel like this pace is unsustainable. I don't know when I will be able to afford a house or a new car. + +I don't have any debts to pay, but I would like to feel I can make whatever money I have work for me. I really know nothing at all about investing as it seems like such a broad topic with many paths to success. Making the right choice seems especially complicated now with the recession and the sinking stock market (as my partner put it). It would be super helpful if someone could spell out what I should do or where I should start investing my money in the simplest terms possible. Thank you so much! + +(Side note: I don't actually fully understand my 403(b) plan either...it sounds irresponsible, but I worked with a financial consultant who helped me set up the 403(b) plan. All I know is that I have money which is pulled from my salary pre-tax which is invested into this plan. I think I just have a huge mental block when it comes to any kind of financial strategy) +took me 5.5 yrs. but I made 8.5x. One of my first purchases ever from back when I was broke broke broke and had to break my budget just to buy 2 stocks (pre-split) so it's an extra good feeling. had to share somewhere. + +would love to hear other ppl's best stock pick stories too. +I’m a long term investor. My strategy is to buy deep ITM leaps multiple years out. I then sells calls against it (PMCC). I will also never invest in meme stocks. + +I currently have leaps in LMND, TTD, AAPL, AMD + +What are your favorite long term stocks? +I just want to make sure I'm not overlooking anything here... + +Background: While I mostly trade short options, I have accumulated some long shares. Most of these long share are not in even lots (25, 150, etc). These are typically companies that I hold for dividends, or just that I think will perform reliably over a longer term, but I don't want to commit an excessive amount of capital to. + +&#x200B; + +What I would like to do is sell options against these shares to reduce delta and create theta. My thinking is that if I have, say, 25 shares of XYZ, then I could sell a 25 delta call, and be delta neutral, but generate theta. Obviously I would be exposed to gamma risk, as an increase in the underlying would eventually cause the short deltas to outweigh my long shares. However, by periodically adjusting the position (either by rolling the strike or buying more shares), I feel that I should be able to prevent things from getting out of hand. Realistically, with 25 shares, I would likely sell a 20 delta to allow a profit from little upward movement (since I'm still bullish overall) before the position becomes an issue. + +The biggest risk I see would be a crazy AMC/GME type event where I could get totally destroyed overnight. That said, I don't anticipate that happening with stocks like WMT, HD, etc. + + Early exercising might be an issue, but I *should* be able to cover that without much loss, if any. + +Is there anything I'm missing? + +Any reason why this is a terrible idea? +Whats up fellow theta gang. Hope you're all killing it and we get an even higher VIX this week so we can kill it some more! + +My question is regarding nearly every video with "experts" whom talk about selling cash covered puts. Almost all of them say you should buy to close to exit the position when you hit 50% profit. + +Now, I can understand this if + +A. You have lots of buying power tied up in the position and not enough available that could be used to make more money on a different one + +B. You make 50% overnight or in a couple days and there is still tons of time until expiry so the position could turn against you and end up being ITM be the date of expiry + +But, currently I have many open positions that are all over 60% profit. Some have a couple weeks till expiry, some over a month. ALL of these positions are minimum 30% OTM and some over 50%. I am VERY confident they will not end up in the money before they expire and I have plenty of free buying power still left so why would I close these out? If they were "only" 15-20%OTM and had over a month left till expiry I could understand as lots can happen in a month but my puts that are literally 50% OTM with a couple weeks left? I am up literally 90% on one of them but I am letting it ride + +So far I have let nearly everything go until expiry as I pay hefty commissions to open and close a trade and I guess got lucky selling lots of these puts close to the start of the bounce upwards which is why they are so far OTM now. + +Just wanted to hear if you would take profits even if your puts were 30-50% OTM and only had 2-3 weeks left to go and you did NOT need to free up any buying power and you had to pay huge commissions to close the trade but pay nothing if it expires worthless + +thanks and sorry for the long ass post! +I went from being 90% certain to 99% certain that GME in some way is going to the blockchain. + +[https://medium.loopring.io/the-2019-truth-on-security-tokens-7800c14129e4](https://medium.loopring.io/the-2019-truth-on-security-tokens-7800c14129e4) + +I just don't see any other way to put together all the evidence thus far in the saga, on top of this 2019 post from the guy who is now *head of blockchain* at Gamestop. + +We will be able to sell our tokens for phone numbers or close to it and hodl the original shares. + +more terms for the bot: stockchain/stonkchain stockblock/stonkblock, gameblock, gamechain, chaingame, chainstonk/chainstock +https://www.bloomberg.com/news/articles/2022-02-08/cathie-wood-dumps-142-million-of-twitter-stock-before-earnings + +Cathie Wood stepped up selling of social media platform Twitter Inc. shares days before its earnings. + +Wood’s firm ARK Investment Management LLC sold nearly 4 million Twitter shares on Monday, the most in one day since at least May, according to trading data from ARK compiled by Bloomberg. The social-media company is set to announce its earnings on Thursday. + +Wood’s flagship ARK Innovation ETF dumped 3.66 million shares of Twitter on Monday, while the ARK Next Generation Internet ETF sold more than 280,000 shares, according to the asset manager’s daily trading updates. That amounted to about $142 million based on Monday’s closing level. + +The selling comes amid a mixed set of results from its social-media peers. Facebook’s parent Meta Platforms Inc. suffered biggest one-day crash in stock-market history last week as its user base stopped growing while Snap Inc. jumped most ever after giving a quarterly sales forecast that topped Wall Street’s projections. + +ARK has been selling Twitter shares almost every week since late December and its sales have picked up pace this month. Apart from Monday, ARK sold more than 2 million shares of Twitter on Feb. 3 and more than 700,000 shares on Feb. 2. + +The firm’s daily trading updates show only active decisions by the management team and do not include creation or redemption activity caused by investor flows. Wood’s oft-repeated mantra is that ARK invests with at least a five-year time horizon, and that volatility in their equity picks is expected. + +ARK’s flagship fund has struggled in the past year after advancing nearly 150% in 2020, after investors started dumping pricey tech stocks and switching to cyclical firms expected to be bigger beneficiaries of an economic recovery. +*UPDATED* Let's help each other and post the top mistakes you have made along the way that has prevented you from FI/RE. Hopefully there is a theme that emerges. + +So far here are common happenings that DELAY FI/RE. Note the emphasis on delay. Seems like most folks have righted the ship and are still on the way just taking the scenic route. Here we go in no particular order: +Family (spouse, kids, relatives. choose your spouse wisely single people) +Education (spending too much time (hence $) or sub-ideal university, degree "worthless") +Lifestyle creep +Personal residence (interesting because is contrary to the conventional wisdom of build wealth through owning a home. Not true and plenty of people shared stories to contradict the conventional wisdom) +Employment situations +Not making your money work hard enough for you (this is a broad statement and covers: not participating in 401ks soon enough, holding too much cash reserves, or not saving early enough or too low savings rate). +Bad timing. None of us can control this and this was the theme that stood out most to me. An insignificant amount of wealth seems to be a function of timing. + +1. I worked at a company that was what I consider over the top fearful of discrimination. The company limited the amount you could contribute to your 401k to the average amount contributed by each employee in that tax year. That is fine, but they would not report this information until AFTER March 31. So I would contribute the max to 401k, then file tax returns. AFTER I file a letter would be sent saying "The average employee contributed $5,000 last year. This means your adjusted gross income is understated by $13,000." This led to me not participating in pre-tax investing for over 10 years. Loss in untaxed gross income approximately $130,000. +2. Our son is very industrious. When he was 7 he helped his 5 year old sister deep clean her room without prompting from either parent. We long forgot a box of family heirlooms containing rare stamps, coins and valuable rookie baseball cards from the 1950's were in her closet and we think he placed them in a bag and we think the bag ended up donated to a local charity. This set us back about $40,000. Until then I didn't think kids were expensive. +3. Fighting the previous war. No realizing markets change. We stayed on the sidelines after 2008-9 far too long fearful the "financial system was going to collapse". Then when we did return we underperformed by being investing in sectors that were too defensive relative to the current investing climate. We straightened this out now but there has been an unquantifiable opportunity cost. +4. Not being aware of lifestyle creep. Wants becoming needs basically. Not reviewing each bill monthly led to fees, odd charges and pricing changes after introductory rates expired. Losing discipline and not keeping track of spending has led to a decreased savings rate. Unknown amount but a rough estimate is $100,000 over our 15 year working history. +5. Taking way too much risk. Losing approximately another $35,000-$40,000 trading short-term stock options, index options and participating in a highly speculative venture. Now I have a much different view on risk. Participating in highly speculative ventures is ok, but now I limit to no more than 0.25%-0.50% of total net worth. That 0.50% is cumulative. If I have 5 ventures then my max loss in each adds up to 0.50% This lets me be more unemotional towards it and that lets me be more patient. Sometimes these ventures take time to unfold and if too much net worth is tied up it can cause you to bail at the wrong time. + +There you have it. I hope this adds value and helps someone who is earlier on the path to FIRE +This may not be the best place to share this, but I have to share somewhere. I had applied for a job in the field my degree is in with my current company. The hiring process was super stressful and anxiety filled. + +Fast forward to today, I just got the offer I've been waiting weeks for. When I asked salary range, I was thinking $52,500 was my highball number.... + +The hiring manager said "my range for this position is $65,000-$70,000" + +Y'all, my eyes have been watering since I heard that. A 50% raise to do something I know I love doing. I honest to God don't know what to do. This is a literal life changer for me. +&#x200B; + +[Tastyworks Margin and Cash Account](https://preview.redd.it/90h54gegd2z31.jpg?width=95&format=pjpg&auto=webp&s=5c183d4cfca1590c35c5b9103548da948ca12d1a) + +[Robinhood before I transferred my money out because it had shit fills](https://preview.redd.it/fu1zkbegd2z31.jpg?width=1124&format=pjpg&auto=webp&s=d16520c090e2c626647da81b6b50c841122d3fdc) +Stay vigilant and skeptical on any posts going forward. This Warden situation whether he was bought or not could very well be a Trojan horse of sorts to have new players post info undetected while we are fighting amongst ourselves. + +Careful of clicking links. Read and fact check before upvoting. Use the report options if truly FUD or against Stonk rules. We must protect our sub. The direction hasn't changed - buy (if you choose to) and hold. Don't let people sway you so easily. Go back to your totem of why you hold in the first place. Not because of this sub but for a chance at life changing wealth. If this hasn't changed, don't let an in-house scuffle affect the greater cause. Do not stoke the fires. If you have an issue with FUD, report it as misinformation and let the mods decide what's what. + +Edit: I think it's important to elaborate on the issue of "stop orders." + +Anyone here in March will remember hedgies got the price to drop from the $340 level to down to around $170, triggering every stop order apes had on the way down and wiping out some apes' portfolios. This is a lesson we only need to experience once and thank our stars it didn't have to happen during the MOASS. The poss was contained and apes had time to buy back their shares. Let's not let this happen again. Fool us once. This is why we don't use stop orders. + +Remember they can see where the stop limit orders are so you are giving them free information to destroy us. + +Also remember to vote! +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Hello, I just looked through https://www.ceddit.com/r/algotrading/new which lets you see what posts the mods are removing. + +1) "Market Making Strategies: "Scalping" Binance Bot Cryptocurrency Trading" which linked to a [youtube video](https://www.youtube.com/watch?v=-zkYIuwYono) that is informative and open source. The guy didnt even include his binance referral link! + +2) "Algorithmic Trading 101: The Syllabus – The Ocean X – Medium" which [linked](https://medium.com/the-ocean-x/algorithmic-trading-101-the-syllabus-1605b9f8cbe6) to a pretty cool looking algo trading contest hosted by an upcoming crypto exchange. Here are some details from the link: + +- Part of this support includes $1,000 (in crypto) to 5 stellar students or community mentors who share their learnings and open-source their algorithms at the end of this journey. + +Why would something like this be removed? The intention is literally to help people learn and support open source, why would this bother the mod? I think its pretty sad that this was removed. I dont see how it could break the rules either. + +3) "Creating Algo Trader Bot for Binance with Python" which linked to a [youtube video](https://www.youtube.com/watch?v=8AAN03M8QhA&feature=youtu.be). This post had 95 upvotes. Again, I dont see any Binance referral link. Why on earth would this be removed? The guy is posting valuable information for free, he is trying to help people out, so weird that this would bother the mod to the point where he removes it. + +The debate thread that was posted by /u/ModwithABod clearly demonstrates his dislike for anything crypto related. I thought the community pretty clearly doesn't want to ban crypto related posts, so why are so many being removed? + +If those posts do violate the rules, my apologies, just let me know and Ill delete this post if thats the case. +Hi everyone, looking for some advice. I graduated this spring as a mechanical engineering grad. I have been working as a mechanical engineer at an aerospace/defense company since then. + +I've always been interested in trading stocks but over the past year I've really diven into Algo trading. I've been reading books and coding and trying to learn as much as I can. My friend (meche B.S./comp sci masters) and I even founded an LLC to develop Algo trading software together. + +I'm wondering how I can take this interest to the next step and actually work in the IB industry as a quant trader. Do I have to get a masters to even be considered? My undergrad gpa is pretty low, at 2.5 so I'd be worried about getting into a masters program. + +Any advice or knowledge would be appreciated! +I think I might not be the only one here thinking this.. + +I love to code, I think I'm pretty good at it. I do it professionally as well. Algotrading attracted me because of potential upside, maybe working for yourself someday. Because myself like many others here, at the end of day would just like to make some money. + +I've realized though, I just don't love learning about markets. I don't love studying charts, it just isn't for me. I like building systems/improving them/ debugging them/watching them work. Unfortunately that is obviously much less valuable as anyone can do it. I remember a relatively heavily upvoted post of a guy (claiming obviously) that too many of us in here just want to code, and don't really want to trade. Not sure who true that is, but I could see that being possible + +Those of you who find/found yourself in my shoes, what did you do? Did you focus on other things besides algotrading? Did you focus on particular parts of algotrading? Did you go into building tools? Did you work with other traders? Curious to hear peoples thoughts/ideas +For the past 15 months, I’ve heard nothing but negative press from momma. While glued to the tv, she was caught between my raving lunacy, and the blatant lies told by corporate media. + +Today marks the first day in the entire saga, she walked up to me and said,” do not sell no matter what “ . + +It seems the market crash has become real for her at this point after I’ve been warning about it for the entire saga. Hold on tight apes, they’re starting to believe. +I will probably get destroyed here for this but oh well. + +&#x200B; + +I started my account with $47,000.00 CAD. I brought it up to $55,000.00 CAD swing trading and day trading. I made $35,000.00 CAD on BPTH last Thursday. I was scalping the stock and selling every few dollar profit buying 3000 shares at a time. At this point my account was at $92,000.00 roughly, however, I got greedy trying to make even more on BPTH and bought the top at like $73 something and everyone knows what happened from there. I ended up selling at $35.00 dollars and some change a share as I couldn't stomach watching it drop from $73 to $35 within a span of less than 5 minutes. I lost all my profit plus some of my account.... went from $92,000.00 to $35,000.000. In my defense I am new at trading and i had no idea how certain things worked. Like the stock got halted some many times I didn't realize that the price would drop that much that fast. My trading goal was to not hold for more than a few minutes before selling, however, around 11:30 the stock got halted like 3 times within the hour each time for 15 minutes. I definitely learned my lesson with this shit. I also learned how hard it is to deal with a financial loss because I was depressed for days after this shit happened and too embarrassed to tell anyone. Any advice from fellow traders would be great. + +&#x200B; + +P.S: I have been actively trying to trade for the last 3 months or so, however, I also have a full time job. +The last time Crypto had a big rise and then declined (due to lack of public awareness/skepticism of the tech being adopted), it went up over 10x. Crypto right now (at 70B market cap) is only up 3.5x over 6 months YTD (from Jan 2017 - present) - which is really not that crazy especially for essentially the birth of a new asset class while it is starting to crack into mainstream...and as an asset class its still tiny - for instance the market cap of gold is ~$10 Trillion. So I do not think we are close to done here. Sit on your hands. I lost 25% of my portfolio panic selling and getting back in like a fool when I should have held. Institutional investors are just starting to get in now and the wider public is just now starting to become aware of crypto. People yelled bubble at Bitcoin from day 1, and they will yell bubble all the way until 1 trillion + market cap. Know what you own which is undoubtedly a technology that will be with us in the future and where many coin economics/market caps based on future application and volume make sense. +I like /r/finance but sometimes it doesn't have that real-world *oomph* that I like to see. I know finance extends beyond trading, but I want to show you how I go through a potential trade. + +This one is a little tricky and involves many moving parts, but this trade generally works out well. + +We know what the VIX is, right? It's a measure of the volatility in SPX options. It's also known as a "fear gauge" as it goes up when the market goes down. + +Well, there's also OVX -- this is the "vix" for USO options. Fear presents itself very differently in commodities. If you look at the volatility skew in USO, GLD or commodity options, it actually "smiles" because there is fear of upside movement. + +We're seeing that right now in the oil market. $OVX has gone from a low of 25 from late last year to 44.15. That means the options market is expecting a monthly percentage move of about 12.75%. To get that number, you take the OVX reading and divide by sqrt(12)-- it's a quick calculation. + +So I think this is a bit of a fade. Yes, Qadaffyduck is a douche and he could set the Libyan oil fields on fire, but odds of a very, very strong move in USO probably won't happen. + +So what's the trade? Here's what I'm looking to do: + +> Buy the Mar 40 Call; +> Sell 2x the Mar 42 Call; +> Total credit: about .45 + +This trade makes money on a move higher, but not a move past 44.50 by March expiration. You're also selling OTM calls, which have a much higher implied vol compared to the 40 calls. The only problem here is the near term gamma risk, but that can be hedged by trading around stock and /cl futures. + +Here's the risk profile: http://i.imgur.com/6F6Hq.png +And here's the skew you're selling: http://i.imgur.com/ZqNJz.png + +Any questions? Do you guys like this kind of trade rundown? +I've only had two finance classes thus far, but will be doing my "concentration" in it. I would love to do some reading about finance in a broad and general way so that I can prepare for upcoming internship interviews. + +Does anyone know of any good websites I could use to educate myself? Thanks so much! + + +Up until now I’ve had fairly simple tax needs but am planning to do some more interesting stuff and am looking to get a CPA who specializes in some of it. What do you folks pay for tax advice and preparation? Is it typically billed hourly? Do you care about face-to-face time with them? +Mark Cuban. “I can say with 100 percent certainty that there is a really good chance we could see a huge, huge correction,” Cuban told CNN. “That uncertainty potentially as the president of the United States — that’s the last thing Wall Street wants to hear.” + +Erik Jones. “You would see incredible pressure on stock prices if Trump wins and everyone flooding into rare metals like gold and into bonds” in the U.S., Germany and the United Kingdom, Erik Jones, professor at the Johns Hopkins University School of Advanced International Studies, told Politico’s Ben White. + +Justin Wolfers and Eric Zitzewitz. “Given the magnitude of the price movements, we estimate that market participants believe that a Trump victory would reduce the value of the S&P 500, the UK, and Asian stock markets by 10-15%,” University of Michigan professor Wolfers and Dartmouth professor Zitzewitz wrote in a report that supposedly scientifically forecast the market’s reaction to Trump’s victory + +Andrew Ross Sorkin. The New York Times clomnist and CNBC anchor wrote: “In all likelihood, a Trump victory would lead to a swift, knee-jerk sell-off. Many investors will choose to sell stocks and ask questions later.” In fairness to Sorkin he hedged his believe in the sell-off by writing: In truth, it’s impossible to predict how the markets would settle into a Trump presidency, despite the speculation on all sides. In all likelihood, it will take time for investors to truly make sense and “math out” how his policies would affect the economy. + +Lawrence G. McDonald of ACG Analytics hedged also, predicting a massive sell-off followed by a relief rally. “Trump will create a colossal panic, but the relief rally will be outstanding,” he told Sorkin. Well, he got the rally right, anyway. + +Simon Johnson, a former chief economist of the IMF, a professor at MIT Sloan, a senior fellow at the Peterson Institute for International Economics, and co-founder of a leading economics blog, The Baseline Scenario had perhaps the most panicked reaction, in keeping with his status as America’s most authoritative economists. “With the United States’ presidential election on November 8, and a series of elections and other political decisions fast approaching in Europe, now is a good time to ask whether the global economy is in good enough shape to withstand another major negative shock. The answer, unfortunately, is that growth and employment around the world look fragile. A big adverse surprise – like the election of Donald Trump in the US – would likely cause the stock market to crash and plunge the world into recession,” Johnson wrote on October 29, 2016. + +Ian Winer, director of equity sales trading for the securities firm Wedbush, predicted a 50 percent fall in stocks if Trump won. +Bridgewater Associates. “On Tuesday, Bridgewater Associates sent out a note to its clients predicting that the Dow Jones Industrial Average could plunge nearly 2,000 points in one day if Trump is elected president. That would be the biggest one-day slump in stock market history, by more than double, besting the 777 point plunge that happened on October 29, 2008, at the high of the panic surrounding the financial crisis. The drop would translate into a 10.4% dive, and immediately send the stock market into correction territory,’ Fortune‘s Stephen Gandel reported. + +Tobias Levkovich, Citigroup’s chief U.S. equity analyst. “A win for Donald Trump in next week’s election could take a big bite out U.S. stocks, according to the latest forecast from Citi,” CNN Money reported. “In a note to clients late Thursday, the bank said the S&P 500 will fall by 3% to 5% immediately if Trump is elected. A victory by Hillary Clinton wouldn’t move stocks significantly, it predicted.” + +Macroeconomic Advisers. “If Donald Trump wins the election, U.S. stocks (and likely many other markets overseas) will almost certainly tank,” Heather Long wrote for CNN Money. “How big of a drop? Forecasting firm Macroeconomic Advisors predicts an 8% fall in the U.S. A new paper out Friday from the Brookings Institute projects a 10% to 15% nosedive. You get the idea.” +I'm aware many stocks are still hugely down from their lows, however if you look at the 1 month graph or even the graph compared to their bottoms, many stocks have already started recovering. I doubt a dead cat bounce lasts for over a month, or maybe they do. + +Looking at their 1-month charts + +Netflix - Up 21% + +Etsy - Up 36% + +DKNG - Up 23% + +Baba - Up 42%!! + +Nvidia - Up 19% + +Even Meta - Up 12% +Anybody can explain what's currently going on the markets? Risk on assets spike up, so is gold and other precious metals. Tesla is going through the roof again. Seems like markets have some kind of a split brain syndrome playing both the bull and bear scenarios at the same time. And I am not even getting to Italian stocks hitting ath in almost vertical spike amid debt crisis... +&#x200B; + +https://preview.redd.it/j5u1b5bohie81.png?width=327&format=png&auto=webp&s=0cbffccbd13ce1cb9710a7bc75e52e691630fe5a + +I see a lot of folks talking about Biden's Executive or next month, America Competes Act and the CBDC's being provisioned. + +&#x200B; + +If crypto wasn't seen as an issue it wouldn't need an executive order. + +TLDR + +The US has a network of Federal Reserves that when in other countries is called World Banks and the IMF. They are losing control of the money supply, they are getting ready to fight back. + +The Government is whack and President Blunder is about to use an executive order to come after crypto. History tells us that this can be pretty extreme if we reference what Roosevelt did with Executive order 6102; to confiscate gold. + +With out question this is being sold as a matter of national security + +[https://en.wikipedia.org/wiki/Executive\_Order\_6102](https://en.wikipedia.org/wiki/Executive_Order_6102) + +&#x200B; + +Remember Biden was the architect of all moderday civil forfeiture laws. Where the police take your stuff with out trial. Infac they put your items on trial to defend themselves. + +**In 2018 alone,** [**the Treasury Department’s Forfeiture Fund saw nearly $1.4 billion in deposits**](https://www.justice.gov/afp/page/file/1126546/download)**.** + +&#x200B; + +What department? The Treasury Department. + +Who does the America Competes Bill give Unilateral power to? ... The Treasury Department. + +Biden advocated for increased use of civil asset forfeiture by law enforcement agencies. \* taking a citizens property with out warrant or trial\*\*\*\*\*\*\* + +&#x200B; + +\*\*\*\*To be clear I am not saying they are coming to confiscate crypto, I am saying they are coming to regulate the shit out of it. IT compete with banks, it competes with wall street, it competes with the federal reserve, it competes with the IMF\*\*\* + +The closest knowledgeable resource he has is Gary Gensler who is crusading again crypto + +He supports Yellen who is pro surveillance and anti crypto, + +&#x200B; + +End TLDR\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Why Am I concerned about Biden. I dont like his track record + +Biden also sponsored two bills, the Comprehensive Counter-Terrorism Act (SB 266) and the Violent Crime Control Act (SB 618), both of which ***\*\*\*contained language seen as effectively banning encryption.\*\*\*\* crypto encryption MEH .......no biggie right!*** + +&#x200B; + +R3ad on! + +President Biden's infrastructure legislation is now law, complete with anti-crypto provisions originally intended to offset some of the law's $1.2 trillion cost. + +# Under the existing language, if you initiate a funds transfer for $10,000 in stablecoins to prepare for a house down payment, you would have to report reams of information you don't have about the crypto exchange that sent you your funds -- which makes no sense. And if you couldn't provide those details within 15 days........ + +# you would have committed a felony......... + +More on civil forfeiture! + +**The** [**Comprehensive Forfeiture Act**](https://www.congress.gov/bill/98th-congress/senate-bill/948) **was introduced by Senator Joe Biden in 1983 and it was signed into law the next year. With this law, federal agents had nearly unlimited powers to seize assets from private citizens. Now the government only needed to find a way to let local and state police join the party.** + +**This came with the** [**1984 Comprehensive Crime Control Act**](https://www.congress.gov/bill/98th-congress/senate-bill/1762)**. In addition to a slew of new powers for prosecutors, the burden of proof for asset seizure was lowered once again (agents had to only** *believe* **that what they were seizing was equal in value to money** *believed* **to have been purchased from drug sales). More significantly, the bill started the “equitable sharing” program that allowed local and state law enforcement to retain up to 80 percent of the assets seized.** + +&#x200B; + +pro banking + +**During the 2000s, Biden sponsored bankruptcy legislation, which was sought by MBNA, one of Delaware's largest companies and Biden's largest contributor in the late 1990s,\[50\] and other credit card issuers.\[153\] He fought for certain amendments to the bill that would indirectly protect homeowners and forbid felons from using bankruptcy to discharge fines.** + +He is allocating more resources to going after crypto than going after Wall Street or inside traders in congress and the federal reserve. + +&#x200B; + +Pro Police state + +In 1986, Biden sponsored and co-wrote the Anti-Drug Abuse Act which caused a large disparity between the sentencing of crack cocaine and powder cocaine users. Black drug users were more likely than whites to use crack and hence were incarcerated in larger numbers. + +Biden earned a reputation for being a "drug warrior", leading efforts in the war on drugs + +His history for the past 70 years is war hawkish beefing drug laws and cutting social saftey net programs. He also has an pro segregationist back ground and openly tried to stop buusing in his home state. + +Biden opposed the legalization of marijuana + +Biden helped author the 1994 Violent Crime Control and Law Enforcement Act, which deployed and trained more police officers, increased prison sentences, and built more prisons. + +SO what with the treasury do in an economic collapse when crypto flourishes? + +Hmmmm We shall see + +*Here is how screwed up the use economy is (each with definitions and explanations for those who want to learn):* + +Let's be very clear the American and world economy is on the brink of complete collapse. + +The synthetic CDO's of 2008 were never fixed, they gave banks money + +[https://www.youtube.com/watch?v=EEXTqtH-Oo4](https://www.youtube.com/watch?v=EEXTqtH-Oo4) + +The student loan crisis cant be fixed because of an investment tool like the above called SLABS + +[https://www.investopedia.com/articles/investing/081815/student-loan-assetbacked-securities-safe-or-subprime.asp](https://www.investopedia.com/articles/investing/081815/student-loan-assetbacked-securities-safe-or-subprime.asp) + +Covid is causing massive supply chain issues so sales and manufacturing cant recover \* if we can sell stuff and there are shortages the price will rise and wages will drop.\*\* + +[https://www.supplychainbrain.com/articles/34435-global-supply-chains-near-make-or-break-point-for-easing-in-2022](https://www.supplychainbrain.com/articles/34435-global-supply-chains-near-make-or-break-point-for-easing-in-2022) + +Inflation is recking the world economy + +Covid is going to endemic status but may evolve to get worse. + +Wall street is using the Federal Reserve as a piggy bank and the fed is using the Plunge Team to stop the financial collapse. Repos and reverse repos are at a record high as hedge funds are over-leveraged and in the extreme Red. + +[https://www.youtube.com/watch?v=I9UIumKX7Mw](https://www.youtube.com/watch?v=I9UIumKX7Mw) + +What is the plunge team + +[https://www.investopedia.com/terms/p/plunge-protection-team.asp](https://www.investopedia.com/terms/p/plunge-protection-team.asp) + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Empires don't invade other countries to control people they do it to control economies and resources + +&#x200B; + +This includes pillaging their own: + +Its imperative to remember that the USA gave US citizens 1200 bucks and small businesses a fractured 2-time ppp system that was highly flawed but bailed out major corporations and banks at 120 billion per month. + +&#x200B; + +Most relevant (Previous executive orders) + +**Executive Order 6102** + +......is an [executive order](https://en.wikipedia.org/wiki/Executive_order_(United_States)) signed on April 5, 1933, by [US President](https://en.wikipedia.org/wiki/US_President) [Franklin D. Roosevelt](https://en.wikipedia.org/wiki/Franklin_D._Roosevelt) "forbidding the [hoarding](https://en.wikipedia.org/wiki/Hoarding_(economics)) of [gold coin](https://en.wikipedia.org/wiki/Gold_coin), [gold bullion](https://en.wikipedia.org/wiki/Gold_bullion), and [gold certificates](https://en.wikipedia.org/wiki/Gold_certificates) within the continental United States." The executive order was made under the authority of the [Trading with the Enemy Act of 1917](https://en.wikipedia.org/wiki/Trading_with_the_Enemy_Act_of_1917), as amended by the [Emergency Banking Act](https://en.wikipedia.org/wiki/Emergency_Banking_Act) in March 1933. + +The limitation on gold ownership in the United States was repealed after President [Gerald Ford](https://en.wikipedia.org/wiki/Gerald_Ford) signed a bill legalizing private ownership of gold coins, bars, and certificates by an Act of Congress, codified in [Pub.L.](https://en.wikipedia.org/wiki/Public_Law_(United_States)) [93–373](https://uslaw.link/citation/us-law/public/93/373),[\[1\]](https://en.wikipedia.org/wiki/Executive_Order_6102#cite_note-1) which went into effect December 31, 1974. + +Executive Order 6102 required all persons to deliver on or before May 1, 1933, all but a small amount of [gold coin](https://en.wikipedia.org/wiki/Gold_coin), gold [bullion](https://en.wikipedia.org/wiki/Bullion), and [gold certificates](https://en.wikipedia.org/wiki/Gold_certificates) owned by them to the [Federal Reserve](https://en.wikipedia.org/wiki/Federal_Reserve) in exchange for $20.67 (equivalent to $413 in 2020)[\[5\]](https://en.wikipedia.org/wiki/Executive_Order_6102#cite_note-inflation-US-5) per [troy ounce](https://en.wikipedia.org/wiki/Troy_ounce). Under the [Trading with the Enemy Act of 1917](https://en.wikipedia.org/wiki/Trading_with_the_Enemy_Act_of_1917), as amended by the recently passed [Emergency Banking Act](https://en.wikipedia.org/wiki/Emergency_Banking_Act) of March 9, 1933, a violation of the order was punishable by fine up to $10,000 (equivalent to $200,000 in 2020),[\[5\]](https://en.wikipedia.org/wiki/Executive_Order_6102#cite_note-inflation-US-5) up to ten years in prison, or both. + +[https://en.wikipedia.org/wiki/Executive\_Order\_6102#:\~:text=Executive%20Order%206102%20required%20all,in%202020](https://en.wikipedia.org/wiki/Executive_Order_6102#:~:text=Executive%20Order%206102%20required%20all,in%202020))%20per%20troy%20ounce. + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +Executive Order 9066 This post-Pearl Harbor order, now [infamous](https://time.com/4574680/muslim-registry-japanese-internment/), gave the military the ability to mark out areas from which it would be possible to exclude “any and all persons.” The upshot of this move was that more than 100,000 Japanese-Americans and Japanese immigrants were sent to[ internment camps.](https://time.com/4575821/mike-honda-internment-camp-registry/) + +Executive Order 10340 This order directed the Secretary of Commerce to “take possession of” American steel plants. The order put to rest a [threatened](https://time.com/vault/issue/1952-04-21/page/26/) strike . Steelworkers striking was a "threat" to national security. + +[https://www.trumanlibrary.gov/education/presidential-inquiries/steel-strike-1952](https://www.trumanlibrary.gov/education/presidential-inquiries/steel-strike-1952) + +&#x200B; + +Executive Order 13228 established the department of homeland security and turned America into a terrorist-fearing hell scape and took tax dollars and gave them to military contractors in mass. + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +China, Russia, Iran, and North Korea are all being used as threats to roll out this new executive order to preserve the economy. + +&#x200B; + +https://preview.redd.it/08fjzg7q1ie81.png?width=1876&format=png&auto=webp&s=9df4d77607141baf5b1de22b150d08c16c243fe5 + +&#x200B; + +&#x200B; + +[https://rules.house.gov/sites/democrats.rules.house.gov/files/BILLS-117HR4521RH-RCP117-31.pdf](https://rules.house.gov/sites/democrats.rules.house.gov/files/BILLS-117HR4521RH-RCP117-31.pdf) + +https://preview.redd.it/jbrcihmx1ie81.png?width=2048&format=png&auto=webp&s=475ff52e8c978278411626a76dee2b57e0725d96 + +&#x200B; + +I will leave on this final note. There are 2 ways to enforce policy in the USA; Legislation and litigation. If you don't have laws for a situation (legislation) you go to litigate ( go to court) and get a precedent using older or other laws. + +The SEC is currently losing badly against Ripple in court. ( They wont get a precedent) So they are turning to legislation (create new enforceable laws). Ripple is designer really to send VERY LARGE transactions instantly across the planet. + +&#x200B; + +This directly competes with the CBDC and the Fednow Instant payment system coming out. + +[https://www.federalreserve.gov/paymentsystems/fednow\_about.htm](https://www.federalreserve.gov/paymentsystems/fednow_about.htm) + +This is an instant payment service for countries and large businesses (banks, hedge funds, etc) + +[https://www.federalreserve.gov/paymentsystems/fednow\_about.htm](https://www.federalreserve.gov/paymentsystems/fednow_about.htm) + +The IMF and Federal Reserve is looking to replace the ACH and payment systems + +&#x200B; + +Crypto and block chain systems make RTGS and ACH old outdated tech + +[https://www.imf.org/external/pubs/ft/fandd/2021/03/global-cyber-threat-to-financial-systems-maurer.htm](https://www.imf.org/external/pubs/ft/fandd/2021/03/global-cyber-threat-to-financial-systems-maurer.htm) + +(RTGS) are funds transfer systems where the transfer of money or securities takes place from one bank to another on a "real-time" and on "gross" basis. Settlement in "real time" means that payment transaction does not require any waiting period. The transactions are settled as soon as they are processed. "Gross settlement" means the transaction is settled on one to one basis without bunching or netting with any other transaction + +Comparatively, ACHs are typically used for low-value, non-urgent transactions while RTGS systems are typically used for high-value, urgent transactions + +[https://en.wikipedia.org/wiki/Payment\_system](https://en.wikipedia.org/wiki/Payment_system) + +&#x200B; + +Think of all those poor clearing houses and companies getting a % cut that will be wiped out. + +\_\_\_\_\_\_\_\_\_ + +Get ready for craziness and cheap crypto. + +I am buying up all privacy coins Monero, Dash etc as an investment + +Learn how to use a VPN, Linux is your friend ( Microsoft snitches), and encryption doesn't hurt. + +\_\_\_\_\_ + +Edit: + +TO all those upset about politics, when politics comes after my crypto.... I get upset + +&#x200B; + +To those attacking my character: + +I am not a right wing conspiracy theorist. I do not want to be doomed to repeat history. + +You using an Ad Hominem attack, this is a misdirection and doesn't talk about the subject matter + +Ad Hominem + +(Attacking the person): This fallacy occurs when, instead of addressing someone's argument or position, you irrelevantly attack the person or some aspect of the person who is making the argument. The fallacious attack can also be direct to membership in a group or institution. + +&#x200B; + +To those saying the Biden Camp may support crypto. Just like he kept his promise to forgive student loans until the issue of SLABS as an investment vehicle came up, he sided with Wall Street and the banks. + +[https://www.investopedia.com/articles/investing/081815/student-loan-assetbacked-securities-safe-or-subprime.asp#:\~:text=1%20Student%20loan%20asset%2Dbacked,much%20like%20an%20ordinary%20bond](https://www.investopedia.com/articles/investing/081815/student-loan-assetbacked-securities-safe-or-subprime.asp#:~:text=1%20Student%20loan%20asset%2Dbacked,much%20like%20an%20ordinary%20bond). + +Perhaps he wont side with investors and banks again. + +&#x200B; + +I say you may be right. Its almost possible they would spend 3 months preparing an emergency executive order to regulate a multi trillion dollar industry they adamantly support. + +&#x200B; + +The federal reserve and IMF will just sit back and lose control of the money system and allow the world populace decentralize payment protocols and do nothing. They may just relinquish complete control with out a fight and forgo tariffs and sanctions as a punitive system in Geo politics. + +Read here + +[https://blogs.imf.org/2021/10/01/crypto-boom-poses-new-challenges-to-financial-stability/](https://blogs.imf.org/2021/10/01/crypto-boom-poses-new-challenges-to-financial-stability/) + +[https://blogs.imf.org/2021/12/09/global-crypto-regulation-should-be-comprehensive-consistent-and-coordinated/](https://blogs.imf.org/2021/12/09/global-crypto-regulation-should-be-comprehensive-consistent-and-coordinated/) + +[https://home.treasury.gov/news/press-releases/sm924](https://home.treasury.gov/news/press-releases/sm924) + +It seems like they are going to do nothing and will just let control of the worlds system. + +&#x200B; + +This is Geo politics and its bigger than John Doe not paying taxes. Its about Russia and North Korea buying weapons, and sanctions not working. + +[https://finance.yahoo.com/news/cryptocurrency-helping-russia-avoid-us-180004372.html?guccounter=1&guce\_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce\_referrer\_sig=AQAAAAOG3o6Ehfh8aNODPcaCg\_9ezbZy9rTPL-ZOj59AP0qm9G\_nZuybk0OgPRjUb-oFl9YI4Cmk-C\_wDnrxP1pnoUgTQjLJysD0yOSydENcmxMctLzXBbPgDmVuOoJh7jmnwZvrGywgFWqEZwM\_jtkWgAsS54sgCKA46loV3bIpHar2](https://finance.yahoo.com/news/cryptocurrency-helping-russia-avoid-us-180004372.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAAOG3o6Ehfh8aNODPcaCg_9ezbZy9rTPL-ZOj59AP0qm9G_nZuybk0OgPRjUb-oFl9YI4Cmk-C_wDnrxP1pnoUgTQjLJysD0yOSydENcmxMctLzXBbPgDmVuOoJh7jmnwZvrGywgFWqEZwM_jtkWgAsS54sgCKA46loV3bIpHar2) + +Its about the US Dollar not being a reserve currency and the Petro dollar breaking down. + +&#x200B; + +The US dollar used to be pegged to gold ( Nixon Changed that) and all other world currency was pegged to the US Dollar. This was established in the Brenton Woods Agreement and System of 1944 [https://www.investopedia.com/terms/b/brettonwoodsagreement.asp](https://www.investopedia.com/terms/b/brettonwoodsagreement.asp) + +EDIT Final update + +There is a little hopium here in the at [FTX.us](https://FTX.us) donated $5m to Biden's election campaign + +[https://www.opensecrets.org/2020-presidential-race/joe-biden/contributors?id=N00001669](https://www.opensecrets.org/2020-presidential-race/joe-biden/contributors?id=N00001669) + +but more than $74m came from Wallstreet tycoons. These guys wouldnt want blockchain tracking stock assets, naked shorting is dead that way + +&#x200B; + +Edit: \*\*\*I am getting flammed for attacking Biden, and a lot of people are saying "lets wait and see what happens with the executive order. + +Cool Story, but FUD or not this is a valid conversation time and topic. + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; +https://www.marketwatch.com/story/the-rise-of-a-mom-and-pop-investors-in-the-stock-market-will-end-in-tears-warns-billionaire-cooperman-2020-06-15?mod=home-page + +Billionaire Leon Cooperman on Monday said that the emergence of individual investors eagerly scooping up stocks that have been rocked amid the coronavirus-induced downturn will ultimately not end well for those individual investors. + +The ‘Robinhood markets are going to end in tears,” said Cooperman during CNBC’s show “Halftime Report” on Monday, referring to the popular online trading platform. + +Cooperman referred to a Barron’s article that noted that free trading app Robinhood has added more than three million accounts this year, and now has over 13 million, with a median age of 31. + +A number of recent reports attribute the market’s rally since its March 23 low, and its subsequent choppy trading, to an era of zero-commission discount brokerage trades, ushered in by Charles Schwab SCHW, 1.41%, and platforms like Robinhood that cater to younger investors. + +Critics like Cooperman say that a dearth of diversions due to COVID-19 lockdowns and unemployment have created a perfect environment for newly minted day traders to wreak havoc on Wall Street. + +On Monday, Cooperman pointed to purchases of bankrupt car-rental company Hertz Global Holdings Inc. HTZ, -2.13%, which has drawn feverish buying interest from bargain-hunting investors, even though the company’s bankruptcy means that there is little if any equity value in the enterprise. + +Thus far, mom-and-pop investors have outperformed pros like Cooperman and mutual funds, according to a research report from Goldman Sachs. It’s unclear, however, how long that outperformance will last and to the degree by which individual investors are piling into risky investments with reckless abandonment. + +Meanwhile, the Dow Jones Industrial Average DJIA, 2.20%, the S&P 500 index SPX, 2.04% and the Nasdaq Composite Index COMP, 1.75% were resuming a rally on Monday after opening sharply lower on the day. + +“The gambling casinos are closed and the [Federal Reserve] is promising you free money for the next two years, so let them speculate,” Cooperman said, referring to the central bank’s balance sheet which has ballooned to $7.2 trillion from about $4 trillion at the beginning of March, as it rolls out stimulus measures to limit the damage from the pandemic. The Fed also has held interest rates at a range between 0% and 0.25% and is expected to keep rates around those superlow levels until at least 2022. + +“Let them buy and trade. From my experience, this kind of stuff will end in tears,” Cooperman told CNBC. +My wife and I bought our house about 12 years ago. It's entirely in her name due to some advice we got at that time (I was a student with no fixed income) that it would be better that way. + +We got married and moved out of the city and have been renting ever since. After we moved we hired an agent and have had tenants in the house ever since. We never once thought about tax or mortgage issues - stupid, I know. I think with all the whirl of moving, a wedding and finding somewhere new to live we just didn't think about it. Possibly compounded by the fact that the rental income has always only ever just covered the mortgage plus agent fees, so we've never made a profit off it. + +My eyes were opened recently when I discovered that not only are we likely to have a giant tax bill to pay and fines to repay, but we may also be in trouble with the mortgage company as we obviously don't have a BTL mortgage in place. + +Does anyone have any experience of being in the same situation? I think I'm happy enough to get in touch with HMRC to admit our mistake and start to pay back what we probably owe (I've heard they're relatively lenient if you volunteer the info), but letting the bank know about the mortgage issue terrifies me - are they likely to offer us a BTL version of the mortgage? I can't find anything about that aspect of the things for this situation. + +Any and all thoughts appreciated! + +Thanks. +WOW... today was interesting!! + +The day started off on a rise. This is a change of pace from the usual morning dip to allow any "rise" that may happen to only mildly impact the price by end of day. But the most surprising thing today was that it never went below that opening price. It was green the ENTIRE day. What the what?? + +They tried to shove that slow rise back down, but some large buy pressure came in at 11:30 (almost on the dot) and skipped it up. I noticed at that particular moment, a wall went up at the 159.00 price. We are talking very decent-sized wall, too. Not something the average retail buyer could do ($1.1 million) + +Remember this wall. I think it's important today. + +&#x200B; + +https://preview.redd.it/h9h0f3k9uki71.png?width=366&format=png&auto=webp&s=b7691f44975a2963f5826f004d1070347989acee + +A few minutes after that, as the price continued to climb, I noticed that the wall didn't deter whoever was investing, and someone put up a second, smaller wall (just in case??) at the 158.59 spot. Again, it wasn't a tiny wall (about $180K in value), but it was much smaller in comparison. + +&#x200B; + +https://preview.redd.it/ceeuegwiuki71.png?width=363&format=png&auto=webp&s=65507c4eb559855db2870bbd689b404ae517299c + +That secondary wall was taken down a few minutes later. I didn't see the price go anywhere near that amount, and it came off the books. The interesting part is that as it came down, the price rose up to that big wall, almost immediately. There was very little time between it coming down and that nice up-tick-gapped-jump. + +&#x200B; + +[... \(almost touching\), but bouncing off of an old \\"support\\" line I had sketched in from previous analyses... ignore that line.](https://preview.redd.it/vgvzu223vki71.png?width=1124&format=png&auto=webp&s=8d3ade2b799ec51512a39c16d26a53df9d078466) + +It was actually very interesting to see. As it touched that wall, it fell away, and volume dried up to high-triple-digits. For GME, that's very low volume. That kind of low volume revealed some funky numbers in the order books. (Here's just one that I saw throughout the day.) + +&#x200B; + +https://preview.redd.it/jgnxlzlfvki71.png?width=359&format=png&auto=webp&s=57bcfae5c80c1d47abe5ba9ab85c78fb5f490739 + +*Side thought: Can you imagine when this pops off? I know there are lots of orders in hidden books between 162 and 15,876. And at the moment it pops off, many, many more orders will hit the books in less than a microsecond to slow the rise. But dang!!!! With volume this low, it won't take much for it to jump WAAAAAAYYYYYYY up there. BLAST OFF!!!!* + +Okay... back to the play-by-play. And this is where it got interesting for me. 90% of the time, walls are dropped, not "bought through" or "sold through". They exist to deter or block certain price movements. Today, I happened to look up at the ticker I keep on my 3rd monitor JUST IN TIME to see (boop!) three things happen at the exact same moment. + +1. This massive buy volume popped up into the volume graph. +2. The big 7,286-share wall just ... vanished. POOF! +3. The price barely wiggled. + +Either the timing of cancelling the wall was VERY coincidental of a big purchase (very possible)... or someone bought the entire wall all at once. I was so shocked, I grabbed a shot of that, too. + +&#x200B; + +[BOOM!!! The wall is gone.](https://preview.redd.it/14vpolj8wki71.png?width=1487&format=png&auto=webp&s=9856ed15bb7bac275063f555c486915cd8cc091f) + +And of course, immediately after that happened, it got even green-er... is that a word? More green? Greenier? + +&#x200B; + +https://preview.redd.it/dmzc43aowki71.png?width=546&format=png&auto=webp&s=2aa4c56f045fef106499cff4c4b01c9bc1592712 + +I'm not sure what happened today, to be completely honest. We can speculate T+35. Moonjam ending. Hype train. Ryan's Tweets. But in the end, who really knows. All of the above???? + +I've gotten so accustomed to hedge funds and other bad actors manipulating the price DOWN on Fridays for us to "wallow in our failure" that I had almost completely expected it to hit 140 today, just for them to flex. I think they're running out of "flex" power. We all know how it ended, today. I don't think any ape missed that number today. If so, go check the final number. It was glorious. + +So.... that's it from me today. + +Going to take a break for the weekend, enjoy time with my family, and have a great couple of days. I'll see you all on Monday. My tickets are purchased, and my seatbelt is fastened. Everything else is just watching the performance. + +&#x200B; + +EDIT: Typos and math errors. +Question for the group: + +I used to pay down my mortgage \~$500 per month extra against the principle. I've recently decided that since my rate is \~2.9%, this is a waste of perfectly investible money. Assuming I'm taking the standard deduction, and new income is taxed, I figure I need to make a 4% return on any investment to match the 3% return on the money I'd otherwise be paying principal down with. + +The question is, how would you do this? Knowing we're going into an inflationary environment, and stocks are likely to take a hit, I'm starting with an equal split of $**TIP** and $**JPM**. This gets me roughly a 4% return. My main goal is preservation of capital provided it equals or beats 4%. I'm not trying to maximize return (I have a trading account for that). + +Thoughts on my ticker choices? + +&#x200B; + +edit: Remaining balance is $400k, with 25 years remaining on base loan. Goal is to save up extra principle in a separate account using a 4%+ return and then payoff balance of loan in 10 years or as soon as I can. (no pmi) +Hi everyone, + +So recently I ran into Andre Jikhs and Graham Stephan’s videos on the 401k strategy. They basically said to invest into your 401K, max out employer match, pay off debt, then max it out for the rest of the year. My issues with that is that I and lots of people don’t make enough money to max out our 401Ks every year AND invest in crypto and stocks. They recommend you max 401k, Roth IRA etc. before opening brokerage accounts. + +Am I missing something here? What about the dividend strategy? What about the crypto strategies that accounts in crypto.con and voyager offer? Is it really better to max out your 401k and leverage and borrow against your assets in the 401k? + +[Link to the video by Andre Jikh here](https://youtu.be/FlIaaDr0ihI) + +Graham has a similar video basically recommending the same thing. Basically, following this strategy will leave no income to invest into stocks, crypto or real estate. So what would be the play here? +Sorry if this is a stupid question, but does the partial share you receive from DRIP then create its own partial dividend or is it only when it gets to a full share? +Howdy. Looking to sense check whether I'm a complete idiot. + +I have a 60k deposit accumulated after half a decade of short term posts. I have a decentish job (40k at 29 based outside London, can expect 50k within a couple of years), and don't currently have any dependants and don't expect that to change for a couple of years. + +I currently pay £650 in rent, and have concluded the worst thing to do is to keep renting. + +My choices are as follows: + +I can get a pretty basic one bed place within town and walking distance of work for £100k. It would be slightly small, but give me everything I need. If I continue to live frugally and get a mortgage that would let me repay early, could get it paid off and living rent free in two or three years, downsides include no parking spot, and it really not working for anything other than single life. + +Second option, I could get a decent two bed flat for 180k. This would suit me a partner, and a toddler, but would probably require another move further down the line and would naturally mean mortgage payments for longer. + +Third option, I've got a mortgage agreed in principle that would let me reach around £250k properties, for which I could get a pretty solid 3 bed house with a proper living room, car parking spot, all within walking distance of work. Downside, mortgage would be a bitch and difficult to overpay off, positives I could only need to move once. + +My current thinking is 100k flat, but I spoke to a broker recently who seemed to think I was being insane and should be looking to buy a house. + +Am I crazy? +Just spent half an hour witnessing free fall from $480 to $400 on the nearly dysfunctional BitStamp tradview. I can only imagine the feeling of those who didn't sell early and is now stuck in the web traffic. + +Any thoughts on the bottom? I'm thinking speed bump at $400, but it may correct down to $350. (Not $300 because I don't want to be reminded of that number) +Palantir won a 3 year, $44M contract to help the FDA. + +This is great news for the company since it reaffirms their software capabilities in the healthcare sector. They currently work with Merck KGaA and I suspect more healthcare companies will become customers with Palantir over the next year or so. + +Palantir also announced a continued partnership with the Greek gov with regards to covid. + +[FDA info](https://www.streetinsider.com/dr/news.php?id=17688772) + +[Greek Gov Info](https://investors.palantir.com/news-details/2020/Greek-Government-and-Palantir-Reaffirm-Digital-Transformation-Partnership/default.aspx) + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Hello folks! + +Many people here have invested in Cardano because of the scientific mentality it claims to be based upon. However, I am very concerned by the actual product they have — which at this stage, is basically equivalent in function to a PoS Litecoin. They promise to create a smart contract platform, but [there is no public code for this, no testnet and no release.](https://themerkle.com/what-is-cardano-and-does-it-belong-in-the-top-10/amp/) + +Cardano is vaporware. And yet right now it is valued at $33 billion - more than SpaceX, which is valued around $22 billion, and also actually does something. There is no good reason for it to be valued this high. If it had a working product, maybe. *But it doesn’t.* + +I am very worried by this amount of speculation, and I would take it as a warning sign for the market as a whole. This market is becoming more irrational by the day, and it may just come crashing down. +Working, having a good job, salary, etc. is one of the biggest ways that society measures someone's 'worth.' + +To the people who have achieved FIRE and left this space, have the way people see you changed, i.e. going from hardworking to now "lazy" because you're not working? Anyone from your friends, to your wife/husband, parents, etc. Also, if so, how did you deal with these people, if at all? +This sub is a circlejerk echo chamber that shills coins that end up going nowhere. + +&#x200B; + +When LINK was $34 everyone and their mother was shilling LINK as the next big thing going to $200 before the end of summer, the amazing oracle that it is and how it will change everything we know in crypto. Current price: $25 + +Next one was ERGO which was shilled to no end with many saying that ERGO will be oracle of Cardano until it wasnt. It'll go to three digits by end of year. Currently its $9.99 and down 32% from 30 days ago and 66% from ATH. Remember that everything is pumping now. I know its not just an oracle but I expected a lot more activity from it. And Cardano doesnt seem to care much for it..hopefully things change. + +VET, the amazing and superb VET that will clean the oceans, track food, produce and so on. It's been going sideways for so long that I dont even remember. It's currently valued at $0.11 and keeps the price steadier than a stablecoin. + +And LTO? Yeah, 70% down from the ATH a few months ago with no recovery in sight. + + +I listened and was hyped enough to buy these (apart from LTO) and I know I'll get a lot of faeces thrown at me for posting this but this sub is a circlejerk echo chamber. + +See you tomorrow guys. +This. Is. Not. How. FTD. Reporting. Works! + +FTD reporting is aggregate, meaning what was LAST reported is the current FTD number. So if it showed 340k one day and then 5k the next, they satisfied all but 5k FTDs. + +This whole T+35 nonsense has been debunked so many times already, please stop upvoting very incorrect information to the top of the sub. +Backstory: Started my career as a trader for Goldman and I had a successful run until the recession in 2008. Tripled down on risky bets and lost hard. I was burnt out, battling a drinking problem and dealing with the death of my father. I stopped trading and moved to HI to start a kayak tour business. Things were going fairly well - not making much money but enjoying being outside and meeting new people. Flashforward, Covid hits and ends my business. To pass the time, I decided to dust off my trading game - started off with $10k in June 2020. August was a good month. + +Gains and losses below. + +https://preview.redd.it/kzwvwax8jvm71.png?width=2747&format=png&auto=webp&s=a0be390715a11a10efe778ba40f76a733eaf5e03 + +https://preview.redd.it/qng4c8x8jvm71.png?width=810&format=png&auto=webp&s=4ee8e26cbb8985656dea913e3c00bc4a0260cbdd + +https://preview.redd.it/yjcwl7x8jvm71.png?width=801&format=png&auto=webp&s=4dad2bb85dd30a628acc1b31e778673fe6dcb6d3 +Whenever there's a large upside or downside move in the markets, everyone's thoughts are, "Why did the markets go up/down today?" + +And there are a myriad of reasons why. But at the end of the day, the simplest and truest answer is, "Because there were more buyers than sellers" (or vice versa). + +Apple's earnings yesterday was definitely a sigh of relief for investors, cinching a much needed win in this week of big-tech earnings misses. + +However, does it deserve a ~8% upside move in a single day? I don't know, but that's a $200 billion move in market cap, larger than any company outside of the top 50 largest companies globally. Don't quote me on this, but I think this is probably the biggest percentage day gain for $AAPL in more than 10 years. Interesting. + +Some folks think the move was exacerbated by today being EOY for mutual funds, so maybe there's a large one-sided buying skew from big fund positioning. Other folks think that it's just another day of a gamma-squeeze with 0 DTE calls being hammered all day long. Maybe the earnings was really THAT good in the grand scheme of big tech earnings misses this quarter. At the end of the day, trying to find rhyme or reason for moves on a single day basis will drive you mad. Trying to find rhyme or reason for moves on a weekly basis will also drive you mad. + +With all that being said, what's peculiar about this situation is that $AAPL now is the most expensive it's ever been relative to the NASDAQ 100. While trying to find reasons for moves in markets is impossible, what is understandable is the ebb and flow of markets during a bear market. Similarly to the dot-com bubble, you had the trashiest stocks implode many months before the rest of the market tanked. Before full capitulation happened, there was a flight to safety in big-cap tech stocks as well. In bear markets like these, it's human nature to preserve what you have and "fly" to safety. Apple is the safety net everyone is flocking to, and I believe it will be painful. + +Full disclaimer, I've been bearish all year, but bullish over the past couple weeks. Earlier this week I actually thought THE bottom might be in for markets, and the worst had probably come. But today's move in $AAPL has changed my view and I now believe there is still one last shoe to drop soon in the markets. + +There is currently a bubble in "safe" value large-cap stocks, and I believe this cohort will drive the overall market lower over the next few months. Apple is the ring-leader, but there are several others that at interesting valuations. (I personally think buying beaten-down growth tech is much more attractive than these). Altria ($MO) 47 P/E, Clorox ($CLX) 38 P/E, Kraft Heinz ($KHC) 38 P/E, Colgate-Palmolive ($CL) 32 P/E, Hershey ($HSY) 30 P/E, PepsiCo ($PEP) 26 P/E. These are brands we all know, and they are trading at eye-watering levels, driven by a "flight to safety" by big funds who have no choice during this year's turmoil. + +I think the moves in these "value" stocks can be attributed to a single philosophy that I've heard from folks who were fund managers in a different generation. "You won't be fired for buying IBM". Underperforming the benchmark because you invested in risky stocks like $CVNA and $W? Fired. Underperforming the benchmark because you invested in quality stocks like $CLX and $PEP? You'll still have your job. +I've been losing money on options for 3-4 years now. I add options trading as my core business for tax purposes. To cope up with losses and make myself ready for the next day of losing, I hire strippers. Since those expense are there so that I can carry on the business of losing, can I consider them as business expense for tax purposes? +Yes there is a lot of housing price content on this subreddit. Of course there is! + +This sub is titled (Aus) finance. The majority of equity/debt in Australia is tied up in property. The majority of subscribers in this sub are younger than the average age of house owners - a natural topic will always be ownership. + +I just read an article from The Age on the topic of increasing welfare for basic standards of living via job keeper. My first reaction (as someone in their late 20’s) was: seriously? We have such a fantastic welfare system. Relying on a once in a 100 year pandemic boost in social welfare to pay for your car registration? I don’t even own a car and work full time on a post grad degree! Am I, as a tax payer, fuelling (literally) someone’s car? + +My second reaction: yes! And that’s okay. + +I was on Centrelink for both of my degrees receiving federal assistance to get to where I am now. I don’t own a car out of choice. I don’t need one. Who am I to judge the needs of someone else given the same assistance but choosing another form of expenditure. + +Also, naturally, I do not own a home. + +Looping back to house prices - I get that there are people here that are tired of similar content RE real estate. Yes it can be a flogged horse. But yes these are the current financial issues and these are the current financial issues of a young demographic. I seek to own a property and create a space where I can live; though I’m not there yet. + +Since my transition from welfare reliant to full-time tax payer I have been grounded in appreciation and respect for modern life and earnings. What I hope to never loose is perspective. My initial reaction to a welfare increase was negative - at the same time sitting there gloomy about house prices and CPI. At the same time reading about investors upset over reading about house prices! + +Surely any hypocrisy in this subreddit lies in a rejection of experience. Once a welfare recipient complaining about welfare recipients. Once a prospective home owner complaining about wanting of which they do not have. + +Please remember where you were when you were 18, 25, 30, 40, 50. Reflect on the very thoughts you surely had as renter, prospective buyer, invester, negative gearer. It’s not an attack! If you’ve done well - good on you. If it’s hard to see the light ahead - this sub and others are there to assist. + +So please - if you own a home in these disproportionate times offer a positive word or advice. There is absolutely zero use in complaining when this subject will always be dominate in this subreddit. Be thankful for what you have and congratulations on how hard you’ve worked. +Yes there is a lot of housing price content on this subreddit. Of course there is! + +This sub is titled (Aus) finance. The majority of equity/debt in Australia is tied up in property. The majority of subscribers in this sub are younger than the average age of house owners - a natural topic will always be ownership. + +I just read an article from The Age on the topic of increasing welfare for basic standards of living via job keeper. My first reaction (as someone in their late 20’s) was: seriously? We have such a fantastic welfare system. Relying on a once in a 100 year pandemic boost in social welfare to pay for your car registration? I don’t even own a car and work full time on a post grad degree! Am I, as a tax payer, fuelling (literally) someone’s car? + +My second reaction: yes! And that’s okay. + +I was on Centrelink for both of my degrees receiving federal assistance to get to where I am now. I don’t own a car out of choice. I don’t need one. Who am I to judge the needs of someone else given the same assistance but choosing another form of expenditure. + +Also, naturally, I do not own a home. + +Looping back to house prices - I get that there are people here that are tired of similar content RE real estate. Yes it can be a flogged horse. But yes these are the current financial issues and these are the current financial issues of a young demographic. I seek to own a property and create a space where I can live; though I’m not there yet. + +Since my transition from welfare reliant to full-time tax payer I have been grounded in appreciation and respect for modern life and earnings. What I hope to never loose is perspective. My initial reaction to a welfare increase was negative - at the same time sitting there gloomy about house prices and CPI. At the same time reading about investors upset over reading about house prices! + +Surely any hypocrisy in this subreddit lies in a rejection of experience. Once a welfare recipient complaining about welfare recipients. Once a prospective home owner complaining about wanting of which they do not have. + +Please remember where you were when you were 18, 25, 30, 40, 50. Reflect on the very thoughts you surely had as renter, prospective buyer, invester, negative gearer. It’s not an attack! If you’ve done well - good on you. If it’s hard to see the light ahead - this sub and others are there to assist. + +So please - if you own a home in these disproportionate times offer a positive word or advice. There is absolutely zero use in complaining when this subject will always be dominate in this subreddit. Be thankful for what you have and congratulations on how hard you’ve worked. +Tasty trade and option alpha says trade small but frequent. What does this mean? One interview said he has 20 trades per day with 30-45 days out. So he’s stacking the same expiration dates and strikes everyday? +Like the title says, I just got in to theta, and thought I'd start with a wheel with an interesting stock I wouldn't hate to hold in GSAT. I don't have a high risk tolerance, so I thought it'd be a good start. I sold a covered call at $1.25 strike, and the stock rocketed up past it, so I rolled it up to $2.50 strike, but it looks like the stock will pass that too. + + +&nbsp; + + +With the way the stock is going, would it be better to just buy to close and eat those hits to profit or keep rolling the calls up or out? +[AP Moller-Maersk](https://www.cnbc.com/quotes/AMKBY) on Wednesday predicted a slowdown in global shipping container demand this year amid weakening consumer confidence and supply chain congestion. + +The Danish shipping and logistics company — one of the world’s largest and a broad barometer for global trade — said it loaded 7.4% fewer containers onto ships in the second quarter when compared to the same period in 2021, prompting it to revise the full-year outlook for its container business. + +Maersk now expects demand to be at the lower end of its range, between -1% and 1% in 2022, as rising inflation and energy prices darken the global economic outlook. + +“Geopolitical uncertainty and higher inflation via higher energy prices continued to weigh on consumer sentiment and growth expectations,” the company [said in a statement.](https://www.maersk.com/news/articles/2022/08/03/maersk-continues-to-grow-logistics-business-and-deliver-record-results) + +“Given this background, in 2022 global container demand is now expected to be at the lower end of the -1% to +1% forecasted range,” it said. + +## Stockpiles build-up + +Maersk warned that the slowdown was especially pronounced in Europe, where stockpiles have been building up at ports and in warehouses as consumer demand wanes. + +Russia’s war in Ukraine and Covid-19 lockdowns in China have only exacerbated such congestion woes, it added. + +“In Europe, supply chain congestion remained as retailers and manufacturers kept containers in ports and warehouses due to weak final demand. Port lockdowns in China due to the Covid-19 zero-tolerance policy as well as consequences from the war in Ukraine also caused strains in key areas of the logistics network,” the company said. +LATER EDIT: (Found this on r/cryptocurrency) + +Apparently this "Richard Heart" guy screwed everyone + +1.Hex had an event called Big Pay Day. All the hex available to BTC holders as the snapshot day was being given out, since most BTC people didn't claim their Hex. + +2.To get into to the BPD, you needed to stake (lock up) your hex for at least until the day of the BPD, max stake is 15 years. Longer you stake, the higher your share of the BPD. + +3.A few days ago, the BPD payout to most people was about 3x their principal because only 18% of hex was staked. Most people assumed they would be getting at least a 2x on their principal as the amount staked was so low so their share was high. + +4.BPD just ended recently, the amount of Hex staked is now 98%. + +5.Richard has a huge stash of Hex owned by himself, although its not publicly admitted for legal reasons to do with securities and getting BTFO by the SEC. During the launch, you could exchange Ethereum for access to a daily pool of minted Hex, the amount you get based on how many other people are in the pool. Richard was recycling Hex into the AA over and over, so for example say I put 10 eth in- that goes to an address that RH can access. He takes my 10 eth, moves it to his own wallet, then puts it through the AA the same way I did. 10 eth goes back to his address, but this time he also gets a share of the daily Hex pool as well. He can do this as many times as he wants each day, nobody knows exactly how much he was doing it. + +6.RH probably owns between 50 and 70% of all Hex in existence because of this. He left it unstaked right up until the BPD so people thought they would get a bigger payout. + +7.He staked it at the last moment to get an enormous share of the BPD, so it went from a 3x return to a x0.3 return, from 18% hex staked to 98% hex staked. +We have implemented a strict automoderation script in order to keep bots and people who spread misinformation out of the subreddit. Of course this will not delete all the posts that should be deleted, but does filter out 99% of them. + +If you are affected by this you will either need your account age to be older or you need more combined karma. + +Edit: No, we haven't banned discussions about any particular stock or broker. +This is first British election I'm watching. What time can u expect results to flow in? + +When should I return to hotel and how long should I block out? +I have $1100. On December 31, 2019, I will have $50,000. I'll probably be bombarded now with negative responses, but anyway, I will update regularly. Until then, trade safe and Happy New Year! +I just finished learning the core basics/theory of forex, and now I wanna slowly move on to building my strategy. I found no nonsense forex and his advice/methods look awesome to me, I saw a lot of positive response in his comment sections and so on, but I haven’t seen any negative criticism against him and I would like to hear out the opinions of people who either disagree with him or have something to warn me about. So what is your opinion on him? +Denison is a uranium exploration and development company with interests focused in the Athabasca Basin region of northern Saskatchewan, Canada. In addition to its 90% owned Wheeler River project, which ranks as the largest undeveloped high-grade uranium project in the infrastructure rich eastern portion of the Athabasca Basin region, Denison's Athabasca Basin exploration portfolio consists of numerous projects covering approximately 280,000 hectares. + +*Disclaimer: I´m not even close to being a financial advisor so please do your research and make your own decisions based on what you understand.* + +*Before you ask, I own 8500 shares of $DNN bought at 0.905 per share.* + +**Key Market Themes:** + +\- Long-term contracts from the previous uranium bull cycle have acted as a lifeline to high-cost mines – this is coming to an end, with significant uncovered utility requirements emerging at a time that Denison is targeting to enter production. + +\- Demand story is positive and improving – requirements now exceed pre-Fukushima levels. + +\- Significant curtailment decisions have been made by largest uranium producers. + +\- Response to COVID-19 has put additional pressure on supply. Further curtailments have accelerated drawdown of secondary supplies. + +\- Given sustained low prices, project pipeline may be inadequate to deliver new production in time to replace mines that are dropping off. + +\- Long-standing trade issues which have distracted the market have been clarified – Section 232 investigation; subsequent report by the Nuclear Fuel Working Group; Russian Suspension Agreement. + +**Detailed Assets with Superior Development Leverage:** + +\- **90% interest** in Flagship Wheeler River project. + +• Development stage project. + +• Largest undeveloped uranium project in the infrastructure rich eastern Athabasca Basin. + +• Environmental Assessment (“EA”) initiated. + +\- **22.5% interest** in McClean Lake Uranium Mill. + +• +12% of global uranium production. + +• Excess licensed capacity. + +\- **66.90% interest** in Waterbury Lake project + +• PEA for Tthe Heldeth Túé (“THT”) deposit (formerly J Zone) highlights potential for future development portfolio. + +\- Additional leverage to the uranium price. + +• McClean Lake, Midwest, and Waterbury Lake all near McClean mill. + +• +250,000 hectares of exploration ground. + +\- Well-funded (+$50M CAD in cash as Feb 21), plus internal sources of cash flow from Uranium Participation Corp. (TSX-U) & Closed Mines operations. + +**About the Flagship Wheeler River Project:** + +\- **90%** Owned by Denison and the remaining 10% by JCU Corporation. + +\- Host to two high-grade uranium deposits. + +\- **Phoenix Engineering** estimated to potentially have lowest costs of any undeveloped uranium deposit. + +\- In-Situ Recovery (“**ISR**”) mining method. It involves leaving the ore where it is in the ground, and recovering the minerals from it by dissolving them and pumping the pregnant solution to the surface where the minerals can be recovered. Consequently, there is little surface disturbance and no tailings or waste rock generated. + +Uranium price assumptions: + +**Phoenix Operation:** + +• Low all-in cost per lb U3O8 suggests contract “base-loading” not required + +• Uranium selling price based on UxC Spot price forecast (Q3’2018 UMO “Composite Midpoint” scenario) + +• \~US$29/lb U3O8 to US$45/lb U3O8 + +• Stated in “constant” 2018 dollars + +**Gryphon Operation:** + +• US$50/lb U3O8 fixed price + +• Market support expected to be trigger for development + +&#x200B; + +https://preview.redd.it/ny4igc06ran61.png?width=802&format=png&auto=webp&s=785404decd54ac59642796d385fb9aa79238c5ea + +The great thing here is that they are combining the world’s lowest-cost uranium mining method with the world’s highest-grade undeveloped uranium deposit. + +*Here you can find all the report and details on this project and how it´s planned to work:* [*https://www.denisonmines.com/site/assets/files/6037/2021-02-19\_denison\_corporate\_update\_-\_february.pdf*](https://www.denisonmines.com/site/assets/files/6037/2021-02-19_denison_corporate_update_-_february.pdf) + +**Development Portfolio (3 projects positioned amongst the lowest all-in cost assets of UxC´s First Tier).** + +&#x200B; + +https://preview.redd.it/20583zu6ran61.png?width=1387&format=png&auto=webp&s=d197a150e75c84ddcb0955cda2b811e36df37ad0 + +**Some Uranium general numbers and why I think $DNN could be the best next thing:** + +\- Sufficient uranium resources exist to support the long-term, sustainable use of nuclear energy for low-carbon electricity generation as well as for other uses such as industrial heat applications and hydrogen production. However, the impact of the ongoing COVID-19 pandemic on the industry and recent reductions in uranium production and exploration could affect available supplies. + +\- Continuing a downward trend over several years, worldwide domestic exploration and mine development expenditures decreased to approximately USD 0.5 billion in 2018, a significant drop from USD 2 billion in 2014. This trend is not expected to result in shortfalls but could signal market issues in the longer-term. + +[https://www.iaea.org/newscenter/pressreleases/worlds-uranium-resources-enough-for-the-foreseeable-future-say-nea-and-iaea-in-new-report](https://www.iaea.org/newscenter/pressreleases/worlds-uranium-resources-enough-for-the-foreseeable-future-say-nea-and-iaea-in-new-report) + +\- President-Elect Biden has signaled that climate change policy will be one of his major priorities. As part of his commitment to reaching an emissions-free grid by 2035 and net-zero emissions from all energy use by 2050, he has stated that all carbon-free sources of energy should be on the table, **including nuclear energy**. + +\- The growing momentum of nuclear innovation has been one of the highlights of 2020. With more reactor concepts hitting important milestones on the path to commercialization, advanced reactors are increasingly being viewed as essential to decarbonization efforts. + +\- The Senate Environment and Public Works Committee passed the American Nuclear Infrastructure Act—legislation that would incentivize the deployment of advanced reactors, in addition to supporting plants at risk of premature closure due to market conditions—with Republican and Democratic support. + +\- Nuclear plants remain the largest source of clean energy in the U.S. and as utilities plan for the future, they’re counting on the current fleet of reactors to keep powering our way of life without carbon emissions. + +[https://www.epw.senate.gov/public/index.cfm/2020/12/committee-approves-nuclear-infrastructure-legislation-at-business-meeting](https://www.epw.senate.gov/public/index.cfm/2020/12/committee-approves-nuclear-infrastructure-legislation-at-business-meeting) + +[https://www.nei.org/news/2020/whats-next-for-nuclear-energy-2021](https://www.nei.org/news/2020/whats-next-for-nuclear-energy-2021) + +**World Nuclear Power Reactors & Uranium Requirements** + +*Disclaimer: This tab has been accommodated to just show CA & US (full table on the link below).* + +&#x200B; + +https://preview.redd.it/pq0fumk7ran61.png?width=834&format=png&auto=webp&s=b83726780195fed12e3acbed80d5e2210104b508 + +[https://www.world-nuclear.org/information-library/facts-and-figures/world-nuclear-power-reactors-and-uranium-requireme.aspx](https://www.world-nuclear.org/information-library/facts-and-figures/world-nuclear-power-reactors-and-uranium-requireme.aspx) + +**Average Analyst Ratings:** + +&#x200B; + +https://preview.redd.it/r35tvhi8ran61.png?width=855&format=png&auto=webp&s=a1cbc5b3cd55d905d42c4769d1cb239ad2574b0e + +https://preview.redd.it/iipc4p49ran61.png?width=850&format=png&auto=webp&s=b2fd89ea6ea109683eb2d8b2f798e30505deed24 + +**Short, Medium- and Long-Term Indicators:** + +&#x200B; + +https://preview.redd.it/de0s9y1aran61.png?width=603&format=png&auto=webp&s=461bc5d13904a5294c10eafebcf4968a2bc3e18f + +**My review and insight on $DNN:** + +To be completely honest I think DNN can be a great long-term investment. We are moving towards a clean energy environment and nuclear energy has a great focus to achieve that. I think the fear from Chernobyl and Fukushima still hunts us, but we need to turn the page and enter a new chapter. It’s a fact that nuclear energy is cheap and we, humans, tend to learn from our mistakes (sometimes at least) so this industry will have everything quadruple checked before turning any reactor on. + +Speaking about the company, they haven’t mine anything yet but already set the foundations to do it and not in a timid way, partnership, diversified assets, efficient costs, no debt, free cashflow are some of the things I´m most thrilled about the Denison. + +If you see this as a short to mid-term investment, I think that the Flagship Wheeler River project will be your biggest ally as is the nearest catalyst. + +The company announced yesterday 03/15/2021 the Inclusion in the S&P/TSX Composite Index. + +*If you have time read the note done to David Cates, President and CEO of the company here:* [*https://finance.yahoo.com/news/denison-announces-inclusion-p-tsx-103000756.html*](https://finance.yahoo.com/news/denison-announces-inclusion-p-tsx-103000756.html) + +As of today, Denison announced funding of project finance initiative involving strategic **acquisition of physical uranium** to be held as a long-term investment, intended to support the potential future financing of the advancement and/or construction of the Company's flagship 90% owned Wheeler River Uranium Project. The purchased Uranium is expected to strengthen the Company's balance sheet and enhance its ability to access future project financing, with the potential collateralization of the Uranium holdings. + +[https://finance.yahoo.com/news/covid-19-pandemic-sparks-72-080000388.html](https://finance.yahoo.com/news/covid-19-pandemic-sparks-72-080000388.html) +Alright fucktards. Some of you paperhanded pussys may take your Nice tendies from BB and GME over the next couple of days. When you all bought your lambos and forgot to pay your taxes, you need a new play to support your new lifestyle - Lets face it, hookers now about inflation and they will raise their prices sooner then the Steel industry! + +Nokia is on the move and you might aswell enjoy the free ride! +If you got in last week you could have been fortunate enough to buy in at the best price ever!!! + +Positions +1000 shares at 4,20 +This week's article is a UN policy working paper written by Cambridge University, and originally proposed to us by /u/AntiNeoLiberal. + +[**State-Owned Enterprise Reform (2007)**](http://esa.un.org/techcoop/documents/PN_SOEReformNote.pdf) + +**Abstract:** + +The policy notes, authored by experts in these fields, draw on the experience and dialogues of the United Nations in the economic and social areas, complemented by outside knowledge. The notes provide concrete suggestions on the means to achieve at the national level, the internationally-agreed development goals synthesized in the United Nations Development Agenda. The policy notes are intended to provide those at the country level who shape and set policies, with a range of possible alternatives to the standard policy solutions that have prevailed over the past two decades, rather than to prescribe any single course of action. The notes serve to help countries take advantage of and expand their policy space - their effective room for maneuver in formulating and integrating national economic, social, and environmental policies. +I know there is enough debate to get a million different opinion on just "Is it bad for the USA?" but I just wanted to see people who might know more than me discuss +I feel like I am getting to the point where I need a long break just to snap myself back on track mentally and physically. Assuming that your budget stays the same, how would you structure it? I need some ideas or someone who has done it before.I am thinking: + +1 week of strictly doing nothing, no plan + +1 month of travelling, Thailand, Europe, South America, somewhere away from home. + +Come back, work on my house, clean, get rid of unnecessary stuff, fix things.. + +Then travel more if I feel like it. + +1 month before: start developing a healthy routine and follow it while doing a equal mix of things that make me happy and things that further my personal development. + +Back to work. + +Thought? +In the last 24 hours 91,785 traders who shorted crypto got liquidated. This means they could no longer support their trades due to rise in prices and were forced to close or liquidate their positions. + +In total, $525 Million of shorts were liquidated, top 5 by coin were: $210M on BTC, $200M on ETH, $40M on DOGE, $17M on XRP and $7M on CSPR. BTC and ETH took out a whopping 78% of total liquidations on their own. The single largest liquidation was $27.8M... That guy is not having a good day! + +In conclusion, don't try to short in the face of a history-making bull run that's still going strong. Bears truly got rekt and are fukt. +My wife and I recently had a boy a week ago. My mom gave us $10k for his education. We were going to invest it in a 529 but I was wondering if there were any better options than a 529? +I make $4600 per month before taxes working for a company with about 300 employees. I just had a baby and my premiums are going to be $980/month for my wife, baby, and I. I will have to sacrifice my 401k to pay for health ins. + +Am I a sucker or is this the new normal after obamacare? +We are first time buyers in England in the process of buying the flat we currently rent. +There is 81 years on the leasehold. +The mortgage advisors at the bank have said that’s not an issue until it gets below 70 years, and we are only planning on living there 3-5 years as it’s just a way to get on the property ladder and not waste all our money on renting. +We likely wouldn’t have the cash to extend it and would need to add to the mortgage if we were going to. + +Is this a good financial move? +Let me start by saying that I don't think we've entered a bear market. As others have said, I think the dip we're experiencing now is similar to what happened in September 2017 (China fud, of course) during the last bull run, which was a minor blip (crashing from around 5k to 3k) before going on to make a new ath of 20k just 3 months later. But obviously I don't know what's going to happen next anymore than the rest of you. + +Either way, if or when a prolonged bear market does arrive, you don't necessarily have to see this as being such a bad thing. + +Thanks to the 2-3 years of accumulating during the last bear market, I was able to accumulate over 10x the amount of crypto that I had during the bull market, even though that 10x was actually worth less in fiat value come March 2020 (I was down 50% after 2 and a half years in this game. Not a wonderful feeling at the time I've got to say). Those painful days, weeks, months and years turned out to be an absolute blessing in disguise. I don't have a high paying job, and I never would have come close to owning the amount of crypto that I currently own had the prices continued to go up and up. + +The previous bear market put me in a great position entering this bull run. I've even started profit taking for the first time and have managed to take out all of my initial investment while still keeping a significant amount of crypto, way more than I could have imagined in 2017. + +Just like you, I want to see the prices going up, and would really rather not enter another bear market right now. But sometimes the things we want are not necessarily what we need, and sometimes the things we fear the most can actually turn out to be the best thing that can happen for us. + +To tweak a Warren Buffet quote: + +*"~~the stock market~~ Crypto is a device for transferring money from the impatient to the patient.”* + +Bear or bull, patience is the key. + +Keep learning, keep stacking **what you can afford** to stack, stay safe and enjoy the ride! +I keep hearing that we have to be careful in increasing peoples wages as it will result in a further increase in inflation? Wage increases have been pretty stagnant and inflation has gone up massively so why would an increase now cause it go up? Someone more clued on up this please shed some light? +&#x200B; + +https://preview.redd.it/4ns2wylkfbe71.png?width=1600&format=png&auto=webp&s=16148f945d81819d22ecdf268daca0844a2226db + +Good Morning Apes, + +Thursdays are usually a slower day but man was it slow yesterday, I think I only found 1 interesting post for 6 hours after I posted the daily. + +https://preview.redd.it/bovf39hlfbe71.png?width=680&format=png&auto=webp&s=6e5c79ace12621101ce26fbb600f328b81eab31a + +&#x200B; + +Edit My work schedule has been changed from evening to morning which means I will not be able to upload the Daily Stonk in the morning at the same time as I can't use drafts on my phone. + +# The Daily Stonk will be moved up by 6 hours to when I get home, that is about 1 hour after the markets open, starting Monday. The Daily Will also continue as a group effort if you have missed it. + +&#x200B; + +# [🔴Daily Reverse Repo Update 07/29: $987.283B🔴](https://www.reddit.com/r/Superstonk/comments/ou1siz/daily_reverse_repo_update_0729_987283b/) - [u/pctracer](https://www.reddit.com/user/pctracer/) + +[credit to u\/pctracer](https://preview.redd.it/i33d7ui2dbe71.png?width=700&format=png&auto=webp&s=81159c2fe511df60dd882f31e37f1e7763b58587) + +&#x200B; + +# [After my Terminal post yesterday, I checked again today. The new options that appeared disappeared...??? What happened?](https://www.reddit.com/r/Superstonk/comments/otxj0x/after_my_terminal_post_yesterday_i_checked_again/) - [u/Ravada](https://www.reddit.com/user/Ravada/) + +[credit to u\/Ravada](https://preview.redd.it/w91snr0tdbe71.png?width=1918&format=png&auto=webp&s=297777b2b57d1a2d9e2b1bb990458edf7c1f5495) + +So yesterday [u/TuaTurnsdaballova](https://www.reddit.com/user/TuaTurnsdaballova/) found 1M put option on the Bloomberg terminal but they seem to have disappeared now and been replaced by 540k put options from credit suisse hedging-Griffo another Brazilian hedge fund owned by credit suisse, very strange, was it another bug? or something else? that said I feel like something like this has happened before but with something else and was debunked so be careful with these terminal snapshots and take a second look into the records. + +&#x200B; + +# Gary Gensler tweeting about GME + +[HOLY SHIT!](https://www.reddit.com/r/Superstonk/comments/ou1hdr/holy_shit/) \- [u/theshamanist](https://www.reddit.com/user/theshamanist/) + +[credit to u\/theshamanist](https://preview.redd.it/4r12zzl4dbe71.png?width=640&format=png&auto=webp&s=ad8b377445fe640628f04b59eb4e2dcba495fdd0) + +&#x200B; + +Gary Gensler also made a follow-up tweet that not many saw In [his second tweet](https://twitter.com/GaryGensler/status/1420791000692371458) he links his congressional hearing testimony from may [https://www.sec.gov/news/testimony/gensler-testimony-20210505](https://www.sec.gov/news/testimony/gensler-testimony-20210505) + +[People are missing the point of the Gary Gensler tweets and there is more to it than meets the eye, just like Ryan Cohen. Let me explain.](https://www.reddit.com/r/Superstonk/comments/ouaxaq/people_are_missing_the_point_of_the_gary_gensler/) \- [u/apegoneinsane](https://www.reddit.com/user/apegoneinsane/) + +apegoneinsane goes a bit into the may testimony and that "he can’t go around showing his hand too early". + +&#x200B; + +# [Quick, Simple Game that explains how SHFs are staying alive and spreading risk to avoid margin calls, and why the MOASS will likely be very obvious when it happens](https://www.reddit.com/r/Superstonk/comments/oty1f2/quick_simple_game_that_explains_how_shfs_are/) - [u/Blanderson\_Snooper](https://www.reddit.com/user/Blanderson_Snooper/) + +Blanderson\_Snooper made a simple analogy about how SHF keep delaying the MOASS. + +&#x200B; + +# [Hybrid Markup Part 2](https://www.youtube.com/watch?v=1sljE4-Big4) + +[ATTENTION APES!! Important congressional hearing taking place right now about Payment for Order Flow with the House Committee on Financial Services! SEC is complicit and being held to the fire by a few politicians. 💎🙌🦧🚀🌜](https://www.reddit.com/r/Superstonk/comments/otz89k/attention_apes_important_congressional_hearing/) \- [u/mymorningjacket](https://www.reddit.com/user/mymorningjacket/) + +This is the second part of a 3 part congressional hearing which is a continuation of the “Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide." series. + +&#x200B; + +# [GameStop mentioned in new Credit Suisse filing about Archegos](https://www.reddit.com/r/Superstonk/comments/ou879r/gamestop_mentioned_in_new_credit_suisse_filing/) - [u/starcasmnet](https://www.reddit.com/user/starcasmnet/) + +[credit to u\/starcasmnet ](https://preview.redd.it/v077bblmbbe71.png?width=640&format=png&auto=webp&s=98a81122ac2b5a8d51c964676cb3cb77042d970a) + +Sounds like Credit Suisse was really close to being margin called (not liquidated) back in January during the runup. + +&#x200B; + +# [Finance Commitee Approves Bill to Increase Family Office Oversight](https://www.reddit.com/r/Superstonk/comments/ou9282/finance_commitee_approves_bill_to_increase_family/) - [u/fewdea](https://www.reddit.com/user/fewdea/) + +Now I don't know if this means the bill has passed to be implemented or if it has been passed to be sent to be voted on by congress. + +&#x200B; + +# [BROADCAST 07/29/21 In this APENEWS Special Update: Only 3 Representatives fought against Maxine Waters' proposed market transparency bill in relation to the GameStop shorting situation. Those same 3 representatives received campaign contributions from Ken Griffin and Steve Cohen. Coincidence?](https://www.reddit.com/r/Superstonk/comments/oubvwm/broadcast_072921_in_this_apenews_special_update/) - [u/GlassGoose4PSN](https://www.reddit.com/user/GlassGoose4PSN/) + +You can find links to the campaign contributions in their post. + +&#x200B; + +# [37% of NYSE Order Types "Dark" in June 2021](https://www.reddit.com/r/Superstonk/comments/otyfcq/37_of_nyse_order_types_dark_in_june_2021/) - [u/jsmar18](https://www.reddit.com/user/jsmar18/) + +jsmar18 found an anomaly on the NYSE where 37% of order types In June were Dark Primary Pegged orders from a previous 0%, the total orders shown resulted in over 100% jsmar18 says it might or might not be an error. + +&#x200B; + +# [Evergrande is nearing bankruptcy; Chinese stock and bond markets tumble](https://www.reddit.com/r/Superstonk/comments/otz1kh/evergrande_is_nearing_bankruptcy_chinese_stock/) - [u/peruvian\_bull](https://www.reddit.com/user/peruvian_bull/) + +China has been having trouble with a housing bubble for some time now and the situation with evergrande could cause risks in the global financial markets, this isn't very relevant to GME besides adding instability in the market so you could probably skip it if you want to. + +&#x200B; + +&#x200B; + +https://preview.redd.it/ph793etofbe71.png?width=554&format=png&auto=webp&s=adfe8b00aea5afab5ee4ea73ccfe5de961e1a49d + +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 let's make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +Don't try to exploit your fanbase, this would also be excellent! + +Remember none of this is financial advice. + +If anything happens throughout the day we will be adding it here. + +Backups: + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +[https://twitter.com/ButtFarm69](https://twitter.com/ButtFarm69) + +Edit My work schedule has been changed from evening to morning which means I will not be able to upload the Daily Stonk in the morning at the same time as I can't use drafts on my phone. + +# The Daily Stonk will be moved up by 6 hours to when I get home, that is about 1 hour after the markets open, starting Monday. The Daily Will also continue as a group effort if you have missed it. +New post about competitors [here](https://www.reddit.com/r/CryptoCurrency/comments/nd85lt/vechain_a_short_competitor_analysis_from_someone/), enjoy! + +\----------------------- + +VeChain has been gaining a lot of popularity the recent time due to its real-world use case and increase in value. Still, I don´t think the majority of people realize **how good** VeChain actually is. I happen to work for one of the biggest companies in the logistics industry, so I might have some views and insights that would interest VeChain fans. + +# What is VeChain? + +VeChain is a blockchain-enabled platform that is designed to enhance supply chain management processes. By utilizing tamper-proof and distributed ledger technology, VeChain provides retailers and consumers with the ability to determine the quality and authenticity of products that are bought. From product source materials to servicing history, and spare part replacements, every single piece of information about the supply chain movement of a product can be recorded and verified to bring about a supply chain management ecosystem that is secure for all participants. + +# How does VeChain (VET) work? + +The VeChainThor blockchain works similarly to other business-use blockchain platforms. Businesses use VeChain's fully functional Blockchain-as-a-Service (BaaS) product called ToolChain to build their blockchain-based solutions. VeChainThor also supports smart contracts. + +Single transactions on the VeChainThor blockchain can carry out multiple tasks. In addition, VeChain app users don’t need to hold any crypto to perform transactions. This can be done instead by the app owners, which can make the user experience more convenient for the average user. + +The VeChainThor blockchain uses Proof of Authority (PoA) consensus, which delegates power to certain nodes in the VeChainThor blockchain for confirming transactions. This means that it only passes transactional blocks through Authority Masternodes that need to hold at least 25,000,000 VET. + +# Vet and VTHO + +There are two separate VeChain tokens, VET and VTHO. VET (VeChain token) is used for financial transactions on the VeChainThor blockchain, and the VTHO (VeThor Token) is the "energy token" that is used to conduct transactions on VeChainThor. The cool thing is that VET owners can generate VTHO for use on the VeChainThor blockchain. + +# VeChain partners + +**Strategic partners** + +* DNV GL +* PriceWaterhouseCoopers +* National Research Consulting Center +* Yida China Holdings Limited +* Bit Ocean + +**Partnerships** + +* Shanghai Gas +* Walmart China +* China Unicom +* Kuehne & Nagel +* DB Schenker +* BMW Group +* LVMH +* Groupe Renault +* H&M + +And over 20+ more partnerships, and still growing + +[Graphical representation of partnerships](https://preview.redd.it/9vd0oj9ogqy61.png?width=1060&format=png&auto=webp&s=5ec969a893ab6b7ad6f6d976025a7b91f8a31b96) + +&#x200B; + +# VeChain use cases + +**Food safety** + +VeChain-enabled Internet of Things (IoT) devices can be deployed across the supply chain, in products, vehicles, and warehouses. Thereafter, data from these devices will be uploaded, verified, and stored in the decentralized VeChainThor blockchain. + +**Anti-counterfeiting** + +Counterfeit goods now stand for 3,3% of world trading, this is a **lot of money** \- around 1 trillion $ a year to be precise. This is a serious problem for the luxury goods market. By attaching an encrypted chip and then using the chip to log and trace logistics, warehousing, maintenance, and resale, owners of the luxury goods can be assured of authenticity. + +**Health records** + +Healthcare records can be stored on the blockchain, where only the patients themselves and their doctors have access. Say goodbye to clumsy healthcare records. + +**Tracking carbon emission** + +Carbon emitting activities can be tracked, and consumers generating less carbon (in their cars for example) will be able to receive credits that can be spent on energy services. BYD, a Chinese electric car brand is today using and offering this service to their customers. + +# My thoughts on VeChain + +I´m fairly new to crypto but have been investing in stocks for a lot of years. I try to bring my investment strategy with stocks into crypto, by analyzing the underlying elements of my investment, the use case, popularity, market movement, and so on. VeChain is in my humble opinion one of, if not *the* most useful of all cryptos, and it has a growing support base in the crypto-community. + +Working in the industry myself I really see the need for something like VeChain, it really solves real-life problems in the logistics industry. + +# Disclaimers + +* I currently hold no VeChain, only ETH and ADA. But I will be adding *a lot* of VeChain going forward. +* English is the third language I learned, please don´t roast my grammar +* I will not share any information in regards to the company I work for, nor if we use VeChain. +* By no means financial advice, **DYOR** + +# Sources + +[https://www.oecd.org/newsroom/trade-in-fake-goods-is-now-33-of-world-trade-and-rising.htm](https://www.oecd.org/newsroom/trade-in-fake-goods-is-now-33-of-world-trade-and-rising.htm) + +[https://academy.binance.com/en/articles/what-is-vechain-vet](https://academy.binance.com/en/articles/what-is-vechain-vet) + +[https://www.vechain.org/](https://www.vechain.org/) + +# VeChain Whitepaper 2.0 + +[https://www.vechain.org/whitepaper/#header](https://www.vechain.org/whitepaper/#header) + +**Edit 1: Wow, thank you guys for the amazing response. I am currently looking into potential projects that may rival VeChain, or projects that solve other issues in the logistics industry. I will post my findings once I have read enough about them!** +I'm not auto savvy by any means. Sure I know makes/models and I can put a car from park to drive and back to park again, but when it comes to anything under the hood and below I'm clueless. + +I recently had some work done. Once completed, the mechanic mentioned that I should look at replacing my brake pads and quoted me $200+. + +I looked online and watched some tutorial videos and decided to take the plunge. I spent $20 on a tool/ratchet set, $50 on front and rear pads (after a 25% off coupon), and borrowed a jack. + +I didn't get the job done as fast a mechanic would have, but with each tire the process started to get a little quicker. If anything, it took more muscle power than brain power if that makes any sense. + +I didn't time myself, but I probably spent 1-1.5 hours and for the dollar savings I would happily do it again. If your brakes are squeaking or you are feeling frisky go look one up a how-to-video for your make/model and you may just surprise yourself. +I find the whole thing around recruiting so broken. + +Recently I was contacted by a different recruiter from a different company about a role that I am already applying for via another company. + +This recruiter mentioned a rate 30% lower than the rate I actually know it is going for. + +Why do I always feel dirty after talking to recruiters? They ask too many questions around my pay and I find it hard to trust them on pay they offer for advertised jobs due to so many things. + +Recruiting is lacking so much transparency and is broken. +Sorry if bad format, I'm on mobile and in the hospital with my mom. Also apologies for not being super organized, as I'm trying to explain and get as much out as possible. + +My Dad is 66 and my mom is 59. As far as I know, they have never had health insurance. I never even went to the dentist until I joined the military. + +My dad owns a real estate appraisal company that is in their house, and my mom is basically his secretary. She runs all of the errands, pays all the bills, basically everything but the actual appraisals. They are absolutely borderline hoarders and have no real structure with their filing system. They have dozens of three foot high stacks of files, and then they have like 15 filing cabinets that are bursting at the seems. + +My mom had a stroke Thursday night and has been in ICU since. She's not doing very well, and the doctor is talking about sending her two hours away for intense rehabilitation. I flew out here from halfway across the country because I'm military, and because of that I only have so much leave I can burn to help. + +My dad has no idea what to do. He hasn't cooked for himself in 30 years, and he doesn't even know how to work the washing machine. He doesn't know how to pay for any of these expenses, which he has been told this visit alone will be more than $100,000. He doesn't even know how to bay his utility bills anymore. + +Is there any sort of program that can help them? We don't know if my mom will get better any time soon, and I definitely can't afford to help or even be around very often. They live in New Mexico if that helps at all. I'm willing to answer any questions and am very grateful for any help. + +Edit: +I am completely overwhelmed by the resounding response from everyone. I didn't imagine this post getting that much attention. I will read all of the comments when I have a little more down time, but what I have got so far is: + +Have my mom apply for Medicaid +Look for all of their bills and get them on autopay +Talk to hospital financing, a case worker, and social workers +DO NOT SIGN ANYTHING + +I will be sure to try to get through everything soon, as I saw a lot of helpful looking resources. But it is time to get some sleep now. +My wife currently makes about $102k but hates her gig. She is the youngest manager in her company, presents to the CEO, and generally kills it, but hates the way she is treated and being a manager is not for her. Also, she is going back into the office now (2-3days a week) and the commute is near an hour. + +She has been applying to jobs closer, or virtual only. One promising one is 10min commute with a large hospital in their corporate offices. She is fine taking a pay cut and dropping down to $85k or even $80k if it feels right. + +However, she is nervous because they ask how much she makes now. She thinks they will see her current salary and cut her out from the get go as she is deemed “too expensive”. Is that a thing? Is there a way for her to bring this up without saying “I am fine making less” and hoping they do not low ball you? + +Also, as two people who really never looked for jobs in a traditional sense, what are some of the ancillary benefits she should consider of great value? Is there anything besides health insurance, 401k match, and vaca time that she should focus on? Thanks! + +Edit: First, thank you all for the responses. To clarify some points, I know that it is illegal to ask this in some states, but that does not change the fact that they did ask it. + +Second, this was asked on a standard form application, not in an interview. It only let her input numbers. + +Third, she is looking for a job that is not managerial in nature. She is not underselling herself, but knows that she is looking for a less demanding job and effectively a demotion from her current position, so she expects a haircut. I keep telling her she likely can move and keep same pay, if not get more, but she grew up with a single mom making $30k/yr, so she thinks all of this is “too much” and that she is overpaid. +I've been working in digital marketing for almost a decade now, including some blackhat techniques to artificially make something go +viral. + +It is terrifyingly easy. It was even easier a few years ago before these platforms started improving their bot detection and realview algorithms, but it's still very effective today. + +Social proof works. It makes users think, "Well, this many people can't be wrong" and massively bumps up the "legitimacy" of a project. + +And for only $10, I can get [2000 people to regularly post in my memecoin Telegram channel](https://imgur.com/wUlrvdZ), and [get 10,000 Youtube views on my video](https://imgur.com/3k2466q) so that it'll end up being recommended for crypto enthusiasts. + +Just something to be aware off when you DYOR. +We’ve been looking to dip our toes into the vacation rental market. + +We had an offer accepted a 4 weeks ago for a property we like, but are having trouble negotiating the contract. + +The seller has at least 4 VRBO and AirBnB bookings that are booked in after settlement would occur. They’re all long bookings, some for 2 weeks. The last one isn’t until 4 months after settlement. They also have in the contract we have to honour the bookings and indemnify them against claims if we don’t. + +We weren’t super happy with that clause and neither is our lawyer. Logistically we’re just not sure how we it would work; how would we contact the renters, how would the money be transferred etc… if the bookings are in the sellers account? After 4 weeks we don’t have much clarity on this which makes us concerned, particularly with that contract clause forcing us to honour them. + +We said we would honour the dates and prices, but the seller has to cancel the bookings so the renters can book directly with us. They’re still refusing this and it looks like the reason is they don’t want to lose their superhost/premiere status on the booking platforms by cancelling the bookings. + +I can understand this, but at least in AirBnBs case it’s against their terms of service and existing bookings have to be cancelled. VRBO seems to be a bit more flexible and seems to allow the bookings to remain, but it’s still not clear how money and communication would happen in that case. + +We’re thinking of asking them to cancel the AirBnB booking, but we’ll honour the VRBO ones. However it’s now 4 weeks of contract negotiations and we’re also tempted to just walk away. Our lawyer takes the hard line that it’s cancel or nothing, but I’m not really sure. + +Are we being unreasonable here? Do most vacation rental sellers expect to not cancel their bookings after settlement? No one seems to know what to do, but surely this must be a common situation? +Tell me your tales of renovating your PPOR, especially with a young kid. What went well? What would you do differently next time? Any regrets? + +Husband is a tradie and we have a decent budget, so we’re (somewhat) prepared, but keen to seek wisdom from those who have gone before. + +(EDIT: No idea why this is flaired as ‘Tax’, unless it’s referring to the impending tax on our marriage 😂 EDIT 2: Thanks mods for fixing!) +Business is full of trials and tribulations and with the recent commotion with the pandemic it has been hard with some business owners within Australia, given your success through your ups and downs what is your story, where did you come from,where are you now and have you had some hardships along the way to mould a successful business? +Has anyone else's company already started talking of scaling down their head count? I've had two senior people at my company mention it as a possibility already, and I've had it suggested to me to find as much work to do as possible to up my chances of not being cut. + +I saw this coming; but I'm surprised at how quickly everything went from "Yay, we should expand" to "Who's next up for the chopping block?". + +Throwaway used to reduce my chances of joining the dole queue. +DYOR on this gem, the art that comes with the memes is hilarious. If anything just check out their website for a refresher, don't have to buy anything. I feel like this project took its time with production rather than continually pumping out coin after coin. Don't know what else these guys are going to make in terms of art/videos, but it sure as hell is refreshing to see. They will be listing on Pancakeswap and Uniswap, but ETH gas is just so goddamn high I suggest going through DxSale presale. Low 100k marketcap on launch and dev tokens are locked so they can't dump on us 💎**Easy 10X**💎 + +🔥 Marketcap on launch 100k 💎**Easy 10X**💎 + +🔥 Total Supply: 10,000,000,000 + +🔥 Launched on Pancakeswap! + + +🔥 [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x430290c7250aFfE0cb87442907F7EdffFF98C2c2](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x430290c7250aFfE0cb87442907F7EdffFF98C2c2) + +🔥 Token address - 0x430290c7250affe0cb87442907f7edffff98c2c2 + +🔥 ALL DEV TOKENS ARE LOCKED📌[https://dxsale.app/app/pages/dxlockview?id=0&add=0xe04eD875eF18e398285067B892e77D04592FBecD&type=tokenlock&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=0&add=0xe04eD875eF18e398285067B892e77D04592FBecD&type=tokenlock&chain=BSC) + +🔥 CMC and CG listing coming shortly + +🔥 Team members and advisors are stacked + +🔥 Admins are responsive + +📌 Twitter: [https://twitter.com/BernCoin](https://twitter.com/BernCoin) + +📌 Website: [https://www.berncoin.io/](https://www.berncoin.io/) + +📌 Telegram: [https://t.me/officialBernCoin](https://t.me/officialBernCoin) + +📌 Giveaway: [https://twitter.com/BernCoin/status/1380599526881431559](https://twitter.com/BernCoin/status/1380599526881431559) + +📌 Youtube : [https://www.youtube.com/watch?v=NWA1ccbzYFQ](https://www.youtube.com/watch?v=NWA1ccbzYFQ) + +Basically I was in a car accident 2 years ago, had back surgery did months of therapy and now I’m here. Feeling fine and pain free. I am 24 years old, still live with my parents and have a girlfriend of 6 years whom I plan on spending my life with. I am currently unemployed right now but I am looking to move out and get started with my life. What are some tips and advice I need? + + +Hi, + +I'm new and want to invest in ETF's for long term. And some individual stocks also. + +For ETF's I picked these and also percent wise, is it any good? + +Vanguard FTSE All-World 20% +iShares Global Clean Energy 15% +Vanguard S&P 500 ETF 15% +Vanguard FTSE Emerging Markets 10% +iShares China Large Cap 10% +Bitcoin ETP 10% +iShares Physical Gold 5% +iShares Developed Markets Properties 5% +iShares NASDAQ 100 5% +Xtrackers Russell 2000 5% + +or better stick with 1-3 ETF's and be done with it? +Hey guys, + +my parents as well as my in-laws want to invest 100€ a month to save up some money for my son. My wife and I thought about what would be a good idea to invest in but we can't really decide on anything. While it doesn't look profitable to open a bank account for saving anymore, it still appears like the safest decision. + +Is there anything in a similar situation or with and good advice? + +Thanks in advance! +My daughter, who is almost two, has inherited about EUR 20,000 and I would like to ask for some advice on what to do with it. I would like this to remain her money - as a deposit for a house, to furnish a house, to spend on travel when she graduates, or to see her through university. + +I have it in mind to invest it until she is 18 or 21, and we would add a monthly amount to it, initially EUR 200 a month, possibly more in the future. + +Personally, my wife and I have a 6 month emergency fund (liquid, in my bank savings account), and manage to save / invest around EUR 500-800 a month (via Binck, mainly equities, so fairly offensive, cumulative return of around 8% this year). I.e. fairly passive. + +Welcome any feedback, ideas or suggestions! Questions too. Thanks! + +Drew +Preface: This is a throwaway account. I know this is going to sound bad and I know I'm the one to blame for it, but I'm trying to make things right and I need help figuring out where to start. + +I'm an Italian 26-year old who is still in college. I already have a biological sciences degree and I'm in the process of getting a second-level degree in the same field. Prospects of a job in the field, in this country, appear slim to none without considering 2-5 additional years of college for a masters degree. + +I have a fairly debilitating physical disability, which means I can't work manual labor. + +I live at home with my parents and my brother who is in the same situation (two years older, physical disability, fresh out of law school). I don't have any expenses weighing on me and my only source of income, if we can call it that, is a small pension I get from the state; most of it is used on cost of living and, since my parents care for me, I gladly let them administer most of it. + +I get about 300 euros per month that I can spend however I want. + +So my questions are: + +1) are there any skills I can learn outside of college that would land me my first job? I'm fairly okay with computers and I believe my English to be far above average for my country's standards. + +2) What do I need to know in order to make the decisions that are best for me financially? I want to be smart about the money I get from the State (and eventually my job) and I would like to put it somewhere safe, even if it means small returns from which I will only benefit long-term. I am an absolute beginner when it comes to personal finance, saving and investing. +Hello , im quite new to investing . I'm trying to make a degiro account and they need me to transfer 0,01 £ so they can validate my account. The problem is that the fees asociated with the transfer are 31 €. My question is , how can i gain anything from investing if the comissions are so high and then when i take money out of my Degiro account there are other fees added on top. I live in Spain and i was thinking of investing around 1000€ each month for the long term. + +Should i just save more money and invest something like 5000-10000 € to avoid multiple fees caused by transfering money each month? + +Should i look for another investing platform altogether? +I want to put a MarketOrder today (sunday) of 212 shares $[vusa.as](https://vusa.as) at 46.006€ and DeGiro doesn't allow me because it says it will cost 10192.1544€, a 4,5% premium over the normal price. What I'm doing wrong here? + +&#x200B; + +&#x200B; + +https://i.redd.it/apm9dog4eu121.png + +&#x200B; + +&#x200B; + +https://i.redd.it/qnwqov79eu121.png + +Thanks, + +Daniel +Taken from SEC Commission order: + +[https://www.sec.gov/rules/sro/34-47978.htm](https://www.sec.gov/rules/sro/34-47978.htm) + +The use of certificates can result in significant delays and expenses in processing securities transactions and can raise safety concerns associated with lost, stolen, and forged certificates. **The concerns associated with lost certificates was dramatically demonstrated during the September 11, 2001, tragedy when tens of thousand of certificates maintained in broker-dealers' vaults either were destroyed or were unavailable for transfer.** + +Accordingly, **for the reasons stated above** the Commission finds that the **rule change**, **which clarifies that DTC's rules only permit it to honor its participants' requests to withdraw securities**, **is consistent with Section 17A of the Act.** + +&#x200B; + +Recalling shares could protect retail from "naked short" selling. DTC doesn't want issuers to be able to withdraw shares from their depository. + +&#x200B; + +**Arguments supporting shares recall:** + +Commenters stated that **issuers should have the right to withdraw** their securities from DTC in order **to protect their shareholders** and their share price from the alleged negative consequences of **naked short selling** by broker-dealers + +Eight commenters took issue with the fact that **DTC does not effectively work to protect the interest of the issuer or the issuer's shareholders but rather works in the interest of its participants, the same entities** that profit from **naked short selling**. One of these commenters suggested that this conflict of interest should disqualify DTC from deciding whether an issuer could withdraw its securities. + +A majority of the forty-seven commenters opposed to DTC's filing believe that approval of the proposed rule change would allow DTC to continue to facilitate, either directly or indirectly, **short selling** in the over-the-counter securities market in violation of DTC's obligation to promote the prompt and accurate clearance and settlement of securities transactions. Seven of these commenters characterized DTC's current settlement process as aiding and abetting illegal short selling or as creating an environment that permits unregistered securities offerings. + +At least twenty-six commenters contended that an issuer should have a choice as to whether the company's securities are eligible for deposit at DTC, particularly, as some of these commenters argued, when making the securities eligible for deposit at DTC requires the issuer's consent. Most of the twenty-six commenters stated that issuers should have the right to withdraw their securities from DTC in order to protect their shareholders and their share price from the alleged negative consequences of **naked short selling** by broker-dealers. These commenters believe that by requiring certification and by prohibiting ownership by nominees, including depositories, issuers will better be able to track, address, or preclude **naked short selling**. + +&#x200B; + +**Current Rules:** + +DTC's current rules and procedures **do not provide for DTC to comply with a** **withdrawal request from an issuer** without also receiving instructions from its participants. + +DTC's proposed rule change provides that **upon receipt of a withdrawal request from an issuer**, DTC will take the following actions: + +(1) **DTC will issue an Important Notice notifying its participants of the receipt of the withdrawal request from the issuer** and reminding participants that they can utilize DTC's withdrawal procedures if they wish to withdraw their securities from DTC; and + +(2) DTC will process withdrawal requests submitted by participants in the ordinary course of business but **will not effectuate withdrawals based upon a request from the issuer.** + +&#x200B; + +**Naked Short Sale:** + +A short sale is generally a **sale of a security that the seller does not own** or as effectuated by the delivery of borrowed securities within the required settlement timeframe. Although the Commission notes that a **"naked short sale"** is not a defined term, it generally refers to where a **seller sells a security without owning or borrowing the security and does not deliver when delivery is due.** + +&#x200B; + +**DTC denies responsibility for naked short selling:** + +Furthermore, the **issues surrounding naked short selling are not germane to the manner in which DTC operates as a depository registered as a clearing agency.** **Decisions to engage in such transactions are made by parties other than DTC**. **DTC does not allow its participants to establish short positions resulting from their failure to deliver securities at settlement.** While the Commission appreciates commenters' concerns about manipulative activity, those concerns must be addressed by other means. + +&#x200B; + +**DTC allowed few issuers to withdraw shares in the past:** + +Several commenters claim that **DTC is acting arbitrarily by permitting some issuers to withdraw their securities while prohibiting others from withdrawing** their securities because **DTC did accommodate a few earlier requests from issuers in the belief that they were unusual circumstances.** However, **DTC only withdrew these securities based upon instructions made by participants pursuant to DTC's rules and procedures.** DTC bore the substantial expense resulting from coordinating the communications and actions among DTC participants, the transfer agent, and the issuer in order to accommodate each issuer's request. When it became clear to DTC that **many more issuers intended to attempt to withdraw their securities from DTC**, it decided that it would no longer bear the substantial additional cost and expense of time in accommodating such requests. In none of the situations where DTC assisted an issuer in having its securities withdrawn did DTC act on an issuer's instructions. **DTC facilitated the issuer by having DTC participants issue instructions to withdraw the securities.** + +&#x200B; + +**Poor DTC can't do anything about it, eventhough they reallyyyyyy want to, because of the rules... which they regulate themselves:** + +Furthermore, **DTC can only act in accordance with its rules.** DTC has adopted rules that permit deposits of securities into DTC by participants and rules that permit withdrawals from DTC by participants and pledgees. **However, DTC has not adopted rules that permit issuers to withdraw securities from DTC.** Accordingly, a procedure allowing issuers to withdraw securities from DTC would have to be filed and approved by the Commission. **DTC has not filed such a rule change.** + +EDIT: + +Added content and improved highlights. +I've see lots of flashy infographics and such saying if you start investing $450~ or so a month from 25 and on you'll retire a millionaire given average S&P500 returns. + +Given this is roughly $215k, can I just put a lump sum of $300k into the market on Tuesday, never put in another dime and retire with somewhere over 3 million dollars by the time I'm 65? +I'm pretty sure the majority of people who post "can't wait to see the look on my accountants face when I drop 100 pages of transactions" are just saying it as a joke. But for the noobs who actually think you need an accountant to do your taxes now that you're a big time trader... + +**It takes 10 minutes to do yourself. Use TurboTax Premier. Your broker will give you a 1099 consolidated statement, which has the 1099-B. You just input the Total of all transactions.** Do not input each individual transaction unless you're the type of person who also likes to do waste of time activities like writing checks to pay for everything and filling out your check register. + +Here's where to find the totals by brokerages I have used: + +* IBKR (Interactive Brokers) -summary 1099-B table on page 2, literally takes up just 1/4 of the page. This is my true degenerate account - and I have 40 pages of transactions behind it. +* Schwab - ok, Schwab sucks. It doesn't have a summary 1099-B table so you have to go the very end of each section for short-term and long-term transactions to find the relevant totals. So that might add 2 minutes. Plus, just their layout sucks, so it's a much bigger document. IBKR is my true degenerate account, so I probably have 10x the number of transactions, yet IBKR was 40pages while Schwab was 100+ pages +* Vanguard - Summary table page 1. +* Robinhood - just kidding; I'm not 15 years old, so I use real brokerages. +There are quite a few high yield stocks and etfs. Some are quite well known such as QYLD, FAX, [ZWE.TO](https://ZWE.TO), BIT, HFRO, KBWD, T. MO. Spg. Pbct. Xom, epd, abbv, uvv, etc. + +Their 5 years or lifetime charts show flat (no growth) or slight downward trend. So obviously there is no capital appreciation in long run plus there is a risk of dividend being cut or stock price becoming lower than the acquisition cost. However, this still means one can collect 5-6% dividends as return on investment (Lets forget about taxes) + +Has anyone seen or done any analysis to find out if one can still be well ahead by investing in such high yield equities as compared to let's say keeping money in a HISA or GIC paying just 3%? +As the titles says - British American Tobacco (BTI) vs Altria (MO) + +Which one and why? + +I personally like both but can't decide. They both have negatives and positives imo and are in the same industry. + +Plus I'd feel weird having 2 of the same types of companies... Sort of like having KO and PEP. Just pick one bruh, don't be greedy! Lol. +I love the process, the long haul of building this life long investment. Getting intimate with a handful of stocks, researching, looking forward to payday to buy more shares. It has made me want to work harder! Work overtime, not call in, be frugal and see everything as stock purchase opportunities. I could order that pizza delivery and drink a case of beer tonight.....or use that 30+$ to buy another share of AT&T. I legit have lost 35lb since I started dividend investing and not spending ridiculous amounts of money on food. + +I am just finding more satisfaction out of life and enjoying the process rather than quick pleasures and racing to the end. +There are quite a few high yield stocks and etfs. Some are quite well known such as QYLD, FAX, [ZWE.TO](https://ZWE.TO), BIT, HFRO, KBWD, T. MO. Spg. Pbct. Xom, epd, abbv, uvv, etc. + +Their 5 years or lifetime charts show flat (no growth) or slight downward trend. So obviously there is no capital appreciation in long run plus there is a risk of dividend being cut or stock price becoming lower than the acquisition cost. However, this still means one can collect 5-6% dividends as return on investment (Lets forget about taxes) + +Has anyone seen or done any analysis to find out if one can still be well ahead by investing in such high yield equities as compared to let's say keeping money in a HISA or GIC paying just 3%? +**PREFACE:** + +&#x200B; + +I think this upcoming week will provide a fantastic opportunity to enter an investment into any of the three tickers I listed at a tremendous discount to fair value. + +Election uncertainties and fears of a Biden win have caused the share prices of defense sector stocks plummet despite strong financial results in the most recent round of earnings. + +The outlook for the defense budget is actually great. Both Biden and Trump would be **extremely unlikely** to significantly cut the defense budget. Both have formally stated that they would like to maintain a strong military presence to counter the rising threat of China albeit through different strategies. Biden wants more defense spending to be allocated towards cybersecurity/drones while trump wants more conventional options. + +&#x200B; + +**Dividend Analysis:** + +All three of the companies have respectable dividend safety and growth histories. Right now $RTX is the most undervalued due to the headwinds from its acquisition of UTX and the stagnation of revenue streams related to aviation/planes until global air travel recovers. + +$LHX has the absolute highest CAGR of \~20% over the past 20 years with a solid 5 year DGR of 10%. + +$LMT is not too far behind $LHX with a 5 year DGR of \~8% + +$LMT offers a slightly higher starting yield at \~2.7% compared to $LHX at 2.1% though nowhere nearly as high as $RTX at 3.5% + +**Fundamental Analysis:** + +$LMT is likely the safest bet here. It has the largest defense backlog and is trading at a lower PE ratio relative to LHX. It also doesn't face the headwinds of exposure to the aviation industry like $RTX. + +$LHX offers the biggest potential for future growth. These guys are trading at a large P/E for a reason; they've been experiencing explosive growth and are in drones + cybersecurity services which are likely to boom. + +$RTX is a deep value/recovery play. +Starting a Roth and just added my first few tickers: + +VZ, SCHD, O, MSFT, AAPL. PBCT, STAG. Spread out fairly evenly. + +I'm retiring in 10 years with a pension. These will be sitting for 15 years +. + +I have a few other retirement accounts, but wanted to do this one on my own. Will be doing the max 6k/year contributions. I also buy a small amount of crypto each week for the high risk gains. + +Thoughts? + +Edit: by max out, I mean to dca weekly, not a lump sum. +Hello everyone, + +First post ever. I wanted to say thanks to all of those who post about their dividend income. I was able to start this year (today in fact) and can now say I will hopefully be able to get dividends. I would be curious to see what people think of QYLD? I thanks for any input/advise/or thoughts. Happy new year. +I have a bit of savings and looking to get some decent dividends in. I’ve been lurking on other subreddits and I see a lot of hype for VOO and SPY but not SPHD. + +I have 10 shares of SPHD, and 2 of the other two. While SPHD is currently 1/10 price of the other two. SPHD also gives monthly dividends, while the others give quarterly. With the current number of shares I have for them, the amount I am receiving is pretty much the same. Doesnt that mean over an annual basis, SPHD gives out more? How is VOO and SPY better? I’m looking to get about $1000 of monthly dividends from SPHD, is that not a good idea? My outlook of things are pretty simple atm, I suppose there are also other variables that makes SPHD not as good as it seems. +Hello, I'm new to Dividend investing and have learned much of what I know from a podcast ("The investing for beginners podcast"). That being said I want to broaden my knowledge and get some more perspectives. + +Was wondering what books this subreddit would recommend a beginner to read. So far I've heard I need to read: + +.Rich Dad Poor Dad + +.The Intelligent Investor +Some context: I'm a 28 year old, IT professional currently working in Arizona. My family is in Boston, so I've been trying to secure a position out there for about a month now. + +I applied for a job a couple of weeks ago and an internal recruiter reached out to me fairly quickly. Seemed really promising. He started asking about compensation and, in a totally rookie move, I low-balled myself. To be fair, the number I was shooting for was viable, but after talking with my wife about changing expenses and such, discovered that I would need to push for more. + +Fast forward through several phone/Skype interviews, everything seems to be going great. The company is awesome, culture/people are great, benefits are outstanding. Last Friday, the HR guy asked me if I could fly out this week to meet the team at their offices (more context: fly to NYC, drive to CT, spend the day, drive to Boston the next day, spend the day, hang out with my family, fly home...all expenses paid). Obviously, I agreed. + +Now, I'm in a difficult position...I know that the original budget they were aiming for is around $55k, I told them $65k was my minimum, realistically I need to be closer to $75k. The jump from $55k to $75k is pretty hefty and I'm worried that I've already shown my hand to negotiate for more pay. I have applied/interviewed for positions in that range, so it's not unreasonable for me to ask for that amount...this job is a little less technical and more operations-focused so I'm a little out of my element. + +Does anyone have any advice or reading materials that can help me get the right mindset to frame this deal? Normally, I would try and negotiate something else to make up for the difference, but as I said...their benefits are fantastic... +Had a couple moderate problems with digestion, lungs and PTSD that all added up to 100%. Honestly, I feel pretty fine and wish I could continue my military career. I really loved the Navy lifestyle and the people I worked with. I'm allowed to work without losing disability. + +I had my whole life planned out. Career in the Navy then get out at 38 with a decent pension and FI in a low cost state. Well, now I'm ahead of schedule and getting that pension now. But it's not as exciting as I thought it would be. It's daunting. What if I just fall apart without structure? What if I start drinking and just going on reddit all day? It's hard to have goals because all of my goals and work were predicated on setting myself up for "the good life" and advancing my Navy career. + +Some things about me. I'm 24. Have a bachelors in basket weaving. Recently took the GRE and scored 165/169 after about ~300 hours of study. Thinking about using GI bill to go to a good school in...something. I have a shitty online undergrad though. + +I'm also considering traveling around for a few years. Maybe live out of a van in drive around the country for six months visiting AF friends and family. I could easily afford living out of the van and Air B and Bs. + +Or, I could travel the world. I have about 200k in reserves. Even if I just slightly overspent by income budget I could do all sorts of things. Go live in Thailand like a king for a year. Go bum around South America. + +Or, should I go back to work? + +Anyone experienced anything similar? Somehow this FI freedom is crushing me a little bit. +From CNBC: + +Take-Two Interactive is buying mobile gaming company Zynga for $12.7 billion, marking the latest blockbuster acquisition in a string of major deals in the video game industry. + +The company announced Monday that it would acquire all outstanding shares of Zynga at $9.86 a share, a 64% premium to Zynga's closing price Friday. Shares of Zynga skyrocketed 49% in U.S. pre-market trade. + +"This strategic combination brings together our best-in-class console and PC franchises, with a market-leading, diversified mobile publishing platform that has a rich history of innovation and creativity," Take-Two CEO Strauss Zelnick said in a press release. + +Actual article [here](https://www-cnbc-com.cdn.ampproject.org/v/s/www.cnbc.com/amp/2022/01/10/take-two-interactive-to-buy-farmville-creator-zynga-for-12point7-billion.html?amp_js_v=a6&amp_gsa=1&usqp=mq331AQKKAFQArABIIACAw%3D%3D#aoh=16418183790957&referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s&ampshare=https%3A%2F%2Fwww.cnbc.com%2F2022%2F01%2F10%2Ftake-two-interactive-to-buy-farmville-creator-zynga-for-12point7-billion.html) +My friends and I have reached that stage in life where we've started to have to make those boring 'personal finance' decisions. More often than not, I've found the same questions asked repeatedly. These questions are often also echoed in the forums here. + +As a side project, I've started to pull together answers to those questions. The answers are by no means perfect, but in my humble opinion are much better than the advertisement ridden answers you get from plenty of other 'financial advice' type sites run by big companies focused on profit. + +Some of the articles I feel that may be of interest here: + +* [Whether to buy your car new or used](https://www.themoneyhackers.com.au/car-buying-used-or-new/) + +* [Extended warranties - should you buy them?](https://www.themoneyhackers.com.au/extended-warranties/) + +* [Private health insurance - should you get it?](https://www.themoneyhackers.com.au/private-health-insurance/) + +* [Should I rent or buy a place to live?](https://www.themoneyhackers.com.au/should-i-rent-or-buy/) + + +I've love to hear feedback from this community on the site.Is it worth continuing? Is it readable? Does it come across too much as 'financial advice'? + + +[All other articles.](https://www.themoneyhackers.com.au/) + +PS. No ads, no 'courses' or 'seminars' and also no selling of 'eBooks' - just hopefully some useful advice. +GameStop still has that $100mil allocation for a share buy back, today would have been an amazing opportunity to get a nice discount; either GameStop is saving their secret weapon, or rc knows some more nudity is on the way and is eyeing a tastier dip than today. I think getting anywhere near $100 a share will trigger that buyback so I don’t see it going sub $100 for more than a millisecond if at all. Thanks for coming to my tedstop. + +This month should be exciting all our tits +If you think you found a discrepancy in the market... you didn’t. + +If your post is about moving entire fucking markets... you can’t, don’t post it + +If you think you found free money and surefire strategy... rule 1 / go fucking try it then this isn’t fucking webMD + +If your post is about how do options work... FUCKING GOOGLE IT + +If your post is about “why is this doing that”... fucking google it + +If it seems to good to be true... it is + +Do some basic research before asking stupid shit before u get the sub private + +Lastly, if ur gunna be toxic as shit when someone tells you something... ur on the wrong sub get ur ass to r/stocks + +Edit: Especially if your are going to ask “is the market going up or down in the following weeks” ... Please don’t ofc no one fucking knows +I have noticed this great new feature added in rupeevest for searching by issuer company to see all the debt instruments issued by it and which debt mutual funds are holding it. + +Without this tool, one has to manually go through factsheets search which is very cumbersome if you are holding a lot of debt funds in your portfolio. + +A sample search + +1. Cox and kings have [defaulted](https://economictimes.indiatimes.com/industry/services/travel/cox-kings-defaults-on-payments-of-rs-150-crore/articleshow/69979026.cms?fbclid=IwAR1RLNGjQ7gynD-xRIq7C8BnO6yDwsu6r_1HtHxFHmQRKmOir4iWU_1JOUw&from=mdr) today and I wanted to quickly check if any debt fund I was holding impacted. Thankfully I am not hit. [Link 1](https://www.rupeevest.com/Mutual-Fund-Debt-Holdings/207998) + +2. Todays Sadbhav Infra [news](https://twitter.com/deepakshenoy/status/1144292185090564096), I wanted to check the funds holding it. [ Link 2](https://www.rupeevest.com/Mutual-Fund-Debt-Holdings/229458) +So with RBI effectively banning banks from exchanging money with cryptocurrency , how is it going to impact current customers? My uncle who used to abhor me for not investing in his crypto MLM is not picking my phone now... +NTPC mostly beat street estimates for the most recent quarter, and announced a stock buyback program at a ~34% premium over today's closing price. The news don't show anything negative, what am I missing? +So basically as you all know the debates are going on about how safe is your money in your bank account. Only 1 lakh rupees is insured and all that after PMC case. +So as the question says 'How safe is my Mutual funds?' what happens in case the AMC I am investing with goes down. +Hey people, I am a 24 year old value investor. I have written down some points on about my investment strategy about IDFC FIRST bank - [https://notesoninvestments.com/2020/02/02/idfc-first-bank-to-invest-or-not-to-invest/](https://notesoninvestments.com/2020/02/02/idfc-first-bank-to-invest-or-not-to-invest/) + +I have discussed the points which I liked about IDFC FIRST bank's Q3 results. This is not a promotional blogspam because I hardly write avidly. This article is just an account for me which I can look back to later and understand why I made an investment. +31M, am about to close my home loan in the next 2-3 months. I currently live in this mortaged 2BHK (in Gurgaon) with my 2 yr old daughter, wife and parents (both 60+) + +Now that my monthly EMI amount is freed up for investments into our future, looking for advice on what to do? + +My current portfolio is 10lacs in equity MFs, 3lacs in NPS, a few lacs in PPF. About to buy health insurance this week, for all 5 of us. Term insurance already in place worth 1cr. I plan to increase my monthly SIPs by a substantial amount once my EMI is over, as well as diversify it into 70% equity, 30% debt. + +Apart from general advice, please help me understand if I + +1. Should invest in more real estate? Like a 2nd house, plot, etc? +2. Gold? Wife would love it, but am strictly against buying jewelry as an investment. Much rather buy Gold bonds, etc. - if at all I do buy + +I quite like my job. Unless something goes wrong, I dont really intend to RE. My long term objectives are healthy living, financial independence, and saving up for a Harvard level education for my daughter. Wife is also working, though she is extremely confident she wont be working beyond 40 - more because of industry changes than capability/health issues! +I'm trying to understand how much market conditions affect your strategies if at all. I've always been advised to align with overall market conditions, and as a swing trader I agree wholeheartedly but if you're only trading intraday I'm curious how impactful it is bottom line. + +I live in Virginia. I am 26 years old. My credit is horrible. I financed a 2016 Honda fit a year ago from Carmax. My payments are $442 a month. +The amount financed is $15,189, I’ve made 10 payment so far of $442. +The amount remaining is $14,405.. +out of $4,420 I have paid so far.. $784 is what was applied to the principal. I am baffled even though I shouldn’t be. It was my choice. I’m just looking for the best thing to do now. I know at the end of this I will be paying close to 30k, and I want to do my best to not blow $3,640 every 10 months on interest and only $784 go towards the principal. I don’t want any judgement..just advice. I put myself here. Thank you. + I know hating the federal reserve is a really big talking point used by the cryptocurrency enthusiasts to get people to buy and not sell cryptocurrencies. If people didn't buy cryptocurrency that whole ecosystem would not work. + +But given the state of the financial economy and the world (it is based on debt) the fed needs to manage the debt to keep the financial ecosystem from imploding. + +Why does the world (financial talking heads and others) seem to hate the federal reserve? Has the federal reserve not performed well in its monetary policies? +They acted quickly in 2020, they effectively adjust rates and purchase bonds to prevent economic collapse **with consideration of the health of the economy and fiscal policies**. For those in the West, they do act internationally in the west's best interests. + +Why do people complain? The fed's job is important and they appear to do it well. +TL;DR — Be cool and ask if you can give your rep clarification or more information. They are working in this field because they likely are interested in it and care about it, so they’re probably willing to hear you out! + +So, I am a lowly X holder, but Lorenzo, who was helping me out, asked, “Do you understand the risks with this as far as not being able to sell quickly from Computershare?” + +I let him know that I was aware or you can submit a limit order and a market order, although there is definitely a possibility that it might take longer to fill then through a traditional broker. + +He then wanted to let me know that, as far as he understood it, the big concern was that shares held with Fidelity would be lent out for short selling, and because I have a cash account, that wouldn’t be a concern. I told him that I felt more comfortable with my shares being registered directly to me, but then I asked him, “so, this is a weird question, but how much have you heard about all this?” He let me know that he knew there was a Reddit post about it, but it seemed like really all he had been exposed to was the issue with lending shares out. + +Then, he asked, “Has there really been any evidence that supports all this? I know I’ve seen a couple things here and there, like theories, but has there been anything?” I let him know that there definitely was, although I did not feel like I know enough of it intrinsically to go into acute detail beyond. I asked if he’d seen the court filings and internal communications from RobindaHood acknowledging a ‘major liquidity crisis’ and how they PCOd GME, AMC, KOSS, and others. + +“Like, from a few months ago?” +“From the court filings that have been available just this last week! And they perjured themselves, because Vlad Tenev said there wasn’t a liquidity problem. And then Ken Griffin of Citadel denied they’d had contact with RobinHood, but those same communications show Vlad asking to let Ken know he wanted to talk.” +“Oh. I’ll have to look at those.” + +I said, “The 10-second theory in a nutshell is that short sellers did not close their positions, and instead have learned to cover them in a bunch different ways to make it look like they’ve closed, like passing the buck back and forth through swaps. Plus, since this computer share thing took off, you can see GME activity on the dark pool at some of the lowest volume it’s ever been, while the New York Stock Exchange volume keeps going up. Something like 8 out of the 10 most voluminous days in the past year on the NYSE for GME have been in the last few weeks.” + +Then I said, “I don’t know, man. I feel like the risk of losing $500 or $1000 doesn’t come close to the payoff if this is right. And it makes sense to me that the richest among us would find every way possible to keep wealth out of the hands of everyone else, right?” + +“Well, they’ve been doing it for years. Hundreds of years.” + +I referred him to this Subreddit and let him know that the community has been generally really good at curating the evidence he asked for, as well as self-debunking misunderstandings and falsehoods. + +All that to say, if you have the time to respectfully offer a little more information about why this is happening, it really could go a long way. +In the late 90s, I was making a great salary, aggressively saving, living frugally, but for investing was risk averse, by nature. I did not want to lose money I had earned and saved. I still don't. + +Full blown dot com mania rolled around when the globe.com went public in late 1998. I played around with an ETrade account during the .com bubble, making harmless $5k trades, no options, took profits way too early, but followed the market action very closely. I dabbled lightly and did some IPO trades, some premature shorting, and mostly used it as a positive learning experience. No harm, no foul. I was mostly a coward, happy to have my money safe on the sidelines, CDs and bonds, but the dot com bubble was spectacular on the upside and the downside. + +However, the experience left me very distrustful of the entire game. Investment banks underwriting bogus websites with no earnings to sucker bagholders which turned out to be mom and pop mutual funds, pension funds, and day traders who didn't actually daytrade. Insiders cashing out of bogus IPOs to the retail sucker. The whole thing seemed like a huge scam. A bullet that I dodged since I didn't get too caught up in the game. I had a day job and did not quit it, and kept earning and saving. + +The moral of the story is that I never really went full hog into the stock market. I am one of those people. Missed out on tons of tech gains for the next 20 years. All due to the skepticism developed during the dot com bubble. Threw the baby out with the bathwater. And I didn't even lose any money!! + +Fast forward to COVID bubble, and some new investors have gotten clobbered in the last year. Meme stocks, SPACs, and scam IPOs are down 50% to 75% of peak values. It's the exact same thing. A lot of people will hold underwater stocks until $0 or until they die, if they never break even. But, that's another conversation. + +I get the feeling this recent bear market will scar some of the victims for life. My advice is to learn from your mistakes (YOLO options trades, bag-holding meme stocks, invest in diversified ETFs, etc) ....Whatever you see as the lesson for you and move forward with your financial lives. Do not throw the baby out with the bathwater and stuff cash in your mattress for the rest of your life. Because there are a bunch of people reading this who are at risk of doing exactly that, which to be fair, isn't the worst thing in the world. + +Please don't hate on me. I am just sharing my experience for those who may find it useful. I am happy to answer any further questions about the pros and cons of overly cautious investing, LOL. + +Holding: Cash + +Edit: + +Today, the bear market today is limited to certain IPO, growth, and meme stocks. The ones down 50%+ In the current market, some individual stocks have been clobbered, just like .dom bust, but this does not affect the broad market like .dom crash + +No, today is nothing like .com crash. IVV lost half its value from 2000 to 2002. Those who invested in QQQQ went from $100+ to $20. Huge market index down 80%. Those who invested in SPY went from $145 to $80. Huge market index down 50%. Back in 2000-2002 SPY and QQQQ went down 50% and 80%. Cisco Microsoft Intel were all crushed along with fake .com stocks. Nothing escaped the bear. +Hey guys + +So I'm in my late 20s and have around $30k of HECs debt left. As I mentioned in another thread, I have around $80k in savings. + +Logically, I know there are better options for my money out there - for example, to buy a $30k stash of VDHG or to put it in my super. + +That being said, I am also aware the indexation date is coming up on 1 June and I know if I leave the HECs debt untouched, it would go up by around $600. + +I know its not financially the best option but does anyone feel the urge to just repay their HECs in one go? Are there any advantages to doing so compared to the other options? I don't know how to explain this except that I don't like having debt and I don't like the feeling of knowing my debt will increase by $600 come 1 June - even if I am able to make more money elsewhere. + +Does that make sense or am I being silly? +A big part of FIRE involves finding the perfect place to retire to, with a balance of low cost of living, safety, healthcare, language barrier, culture, public transportation, education for children, food, etc... + +I remember seeing a post maybe a year ago where people mentioned where they lived, things they liked and disliked about it, and how much things cost. I've always wondered myself about the specific costs of living somewhere else, and I'm sure many of you are as well. There are sites like numbeo and expatistan, but most have found those sites inaccurate/unreliable. + +This is another attempt to get this discussion started from people who live/have lived in certain areas. The intent of this post is to inspire maybe new FIRE locations that we have not considered, or reconsider certain FIRE locations that we had planned. Not sure if people will enjoy this kind of content, but I'll start with... +**Kuala Lumpur** + +* Housing Costs: I pay $600 for a low floor skyrise one BR condo in a good area of town. You can pay up to $3000 for the most luxurious high floor 2000 sq ft. condo, but most above average ones can be had for about $550-$800 +* Internet: $70/mo for Fiber +* Phone plan: $25/mo with unlimited local calls and text and 30gb 4G data, $10/mo for 5gb 4G data +* Utilities: ~$50-$80/month depends heavily on AC usage +* Food at Street Stalls: ~$2 for Pad Thai, Indian Curry with 1 meat, mixed rice with 1 meat and 1 vegetable +* Food at a food court: ~$4-$5 for anything you want. Don't think America mall food court. This is very common in KL, and is relatively good quality. +* Food at a decent Western Restaurant: ~$10 for a 3 course meal +* Clean eating: ~$7 for a bowl of poke with extra fish, ~$8 for a 'superfood' salad with extra meat +* Uber: ~$3 for a 3 mile ride +* Public Transit: $0.25-0.50 depending on distance within city centre +* Gym membership: $25 for an average one, $45 for the best ones +* Indoor Bouldering: $7 each time including rentals +* Movies: $4-$5/ticket +* Alcohol: $3 beer at a local restaurant, $7-$10 at an expat bar. It is heavily dependent on the area. +* Gas: $35 to fill up a 12 gallon tank + + + +**Pros** +1) City is very walkable, thus a car is not necessary +2) Almost everyone here speaks English +3) Public transit is very reliable and cheap +4) Modern, and not really a third world city in most areas (there are still some developing/run-down areas of course) +5) Life resembles that in the US, you can get any items and do any activity that you want usually within a mile of you +6) Relatively safe (some bag snatching and pick pocketing, but violent crimes aren't common) +7) Lots of high quality international boarding school +8) One of the best healthcare in Asia, with high standards and schooling required to work at Prince Court with high medical tourism +9) Lots of outdoor activities (hiking, wakeboarding, jetskiing, beach, jungle trekking, etc...) within 2-3 hours +10) Very diverse food scene +11) Huge expat community +12) KL is a southeast Asia hub. Tickets on Air Asia to Bangkok, Bali, Singapore, Ho Chi Minh, Siem Reap can typically be had between $30-$50 one way. Tickets to Hong Kong are about $75 each way. Tickets to Tokyo and Seoul are about $150 each way. Obviously ticket price varies depending on season and time of booking. + + +**Cons** +1) Weather is very hot and humid (75-90F with 90+% humidity year round) +2) One of the rainiest cities in the world +3) Traffic is very congested because of small roads +4) Dirty and lots of air pollution +5) Alcohol is very expensive due to heavy taxes +6) The city is 60% Muslim. Not really a con for me...but I can see that really bothering certain people since there's a negative connotation in the US. + +I'm an expat here and spend about $2000/month and that's really me splurging and living way above my means compared to the US. I could easily cut down to ~$1300/month if I cared and still live above average. + +How much do things cost where you live, and what do you like or not like about it? + + +Hey guys, I'm the guy who founded crypto for the homeless. You probably have seen my posts around the crypto sub-reddits in the last few years. Basically, we are a 501c3 (non-profit) organization founded and built entirely on reddit. We crowd funded crypto (a very healthy amount) and use it entirely for reimbursing volunteers that buy and hand out goods for the homeless. Our claim to fame is that we waste 0 funds on overhead and have zero upkeep. (We do not get paid and we only use the funds for food/goods). I was looking back on the media that we collected throughout the years and was just taking in the fact that before crypto was a thing, a project like this would never have been possible. + +&#x200B; + +Simply as a result of the gracious support we received from the crypto communities of reddit, we were able to make the following possible: + +&#x200B; + +[https://i.imgur.com/IxsLh2c.jpg](https://i.imgur.com/IxsLh2c.jpg) + +&#x200B; + +As you can see, our connection to willing volunteers is one of the strongest aspects of our organization - allowing us to create an unfettered channel from crypto donors to us to the volunteers where the funds will make the most difference. + +&#x200B; + +This post is mainly to say thank you to all of the supporters (and even the critics - you guys also helped us fix the project in the right way). + +&#x200B; + +We can always use more volunteers so if you do have interest in helping out just like what you see in the photos, feel free to contact me (send a dm/email/anything). +Personal antidote; in April I asked my older brother if he held any crypto. He said yes, that he sold some Eth and made a few hundred. I told him no sell only hold. He said he was 'opportunistic' and 'didn't have diamond hands'. - Just last week we were driving in the car together and he said 'All my crypto now are ten year holds' and I could have cried out of happiness. + +Volatility scares people, and we all have to respect that. It will take time for people to come around and [see this space for all that it holds](https://thumbs.dreamstime.com/b/bitcoin-cryptocurrency-import-big-data-animation-abstract-rainbow-spot-light-background-223802827.jpg); from opportunistic cash grabs to apex dollar hedges, from over leveraged scams to the true start of DAOs that one-day might replace Apple. + +Nuance is key! Consistency requires you to be as ignorant today as you were a year ago (historian Bernard Berenson said that). Are you still the same hodler you were a year ago? +You need two things to own crypto: + +1. Money that you won’t need for at least 2 years, and that you can afford to lose. + +2. The emotional stability to accept ups and downs. + +I’d you don’t have these two qualities, crypto might not be for you. It’s a longterm investment game, otherwise you don’t have a chance to beat the algorithms and high-frequency traders. +The Splividend multiplied the number of phantom shares created over the course of a decade by four, which is causing all kinds of pain. We can see it in how bone fucking dry trading has become, where instead of trading roughly four times as many shares daily, we just had the driest week EVER. But the Splividend will hurt the opposition the worst when it comes to the Infinity Pool. + + +Imagine for a second that the Shorts had only created an additional synthetic share for each share in existence. Technically they only need to buy back every share, and then they can close their short positions. This is already almost impossible, because us diamond hands have locked away half of the float already. But if people want to sell shares during the MOASS, it's technically on paper POSSIBLE for them to close, which means with the application of CRIME, there's room to wiggle out. + + +Now multiply everyone's shares by four. + + +If every ape sold half their shares at this point, that puts the Shorts right where they are, right now. Still a literal impossibility, except AFTER we've already cleaned them out. No amount of insiders selling will save them, no amount of crime will be enough. It will be clear to the world that even after millions of shorts have been closed that they STILL have open short positions that CANNOT be closed. + + +The Infinity Pool is going to cause a real problem, and the exposure and pain is going to hurt the DTCC a lot. It will be all of the legal leverage that GameStop needs to force the DTCC to allow them to withdraw their securities to issue on, oh I don't know, let's say a brand new NFT-backed platform. + + +Because the splividend virtually GUARANTEES the Infinity Pool comes into reality. It's going to PROVE that the DTCC has been treating ownership as fractional reserve banking and skimming off the top. The Infinity Pool is the only way to PROVE that the DTCC is not capable of distributing stock certificates, and proving that will make a new platform on a distributed ledger very appealing to other companies drowning in phantom shares... Perhaps enough of them that a new business could be carved out from that platform, which would be issued to everyone who held shares through and after the MOASS. + + +Really try to picture this for a moment: A new, fair stock exchange on a publicly distributed ledger is built, and the owners of that stock exchange are exclusively apes who held through the MOASS. People who are willing to hodl for the principle of it through the greatest transfer of wealth of all time. People who are incorruptible. Can you imagine the change that could take place, with us apes as the exclusive shareholders of a brand new free and fair market? + + +**TL;DR: I believe the carve out for a new trading platform is coming, but AFTER the MOASS. Which means, only the hardest hodling apes would be the stockholders of the new market, right at the time that EVERY OTHER COMPANY is discovering how much the DTCC has been fucking them by allowing naked shorts to skim off the top. This is made possible by ensuring even the X apes have shares to sell during the MOASS and shares to hold after. + + +Also, shorts are fucked, DRS is the way, and change is coming.** + + +Good luck out there, apes, and stay zen. +Is this a safe stock against which to be selling far OTM put options, with long expiration periods? + +Far OTM would be over 40% below the CMG share price today. +I read an article where an analyst mentioned that + +To support a trading price of $235, GameStop would need to earn between $10 and $12 a share annually on a sustainable basis, + +How do they get the earnings number to support the share price? I thought share prices were just public perceptions. +hi, + +I've recently been picking up the basics of DCF as a way to value stocks and I'm clear on the details that go into the model. A big part of the model comes from the assumptions in revenue / expenses / earnings projections into the future. + +What can I do to get better at making rational financial projections? + +Also, where can i get more details about analyst financial projections into the future (and even their reasoning behind these numbers if possible?) + +&#x200B; + +Thanks! +Anecdotally I've seen Intel's brand name described as one of the largest brand values in the world. Personally I don't see this as the case, does anyone actually care about intel's brand? As a retail customer of DIY computer components, I personally don't have a commitment to a particular brand, I want the CPU with the most bang for buck. Is this different in the commercial server space? Am I missing something about intel's brand value here? +What stocks are on your radar this week? + +What's in the news that's affecting the market? + +Celebrate your successes, rue your losses, or just chat with your fellow Value redditors! + +Take everything here with a grain of salt! We suggest checking other users' posting/commenting history before following advice or stock recommendations. Watch out for shill accounts that pump the same stock all over Reddit, or have many posts/comments deleted in other investing subreddits. Stay safe! + +*(New Weekly Megathreads are posted every Monday at 0600 GMT.)* +Boeing is right now worth ~234$, thats almost the half of the all-time-high. Do you think its quit risky for the next years or a good investment. The lowest price estimate is 200$, which is not much lower than the actual value, the highest is 314$. Will Boeing recover? +AAA video games are very capital-, labor-, and time-intensive to develop, with new AAA titles costing between $100-500mm and 3-7 years to develop and market, with no guarantee of success. Video game development costs have skyrocketed because of geometric expansion of project complexity and staff. For example, a 16-bit game developed in the 1980s would only require 1-4 people and $50-300k of development cost, while a Nintendo 64 game cost on average $1-3mm to develop in the 1990s. By 2008, a AAA game developed on a PS3 or XBOX 360 cost $20-50mm to develop, which has since ballooned to $100-400mm (with hundreds of people on staff) on the current generation of consoles / PC. + +Does anyone know or have an opinion on whether this development cost would plateau or shrink into the future or is it reasonable to assume that it will continue to grow? +I see adidas is down to $78 on the nasdaq (new enough to value investing here), this is lower than what it hit during the pandemic, what do you guys think? Is it still overvalued? Something you might be interested in? Looking forward to hearing! +Hi guys, I have quick questions since I was planning to buy OXY and now Berkshire is buying it as well. Just some simple math here: so OXY market cap now is 33 billion. They bought Anadarko for what 33 - 40 billion ? So how is this stock not a buy right now ? You get both companies for the price of one even if they overpayed for Anadarko still seems good deal considering OXY was trading for around 50 billion before. I know they took a lot of debt but I don't think is that expensive considering the current rates if Anadarko resources are worth way more this company should deliver in the long run. Thoughts ? +I want to write this post after reading all the comments about the LEAPS strategy that I discussed under a post. + +Greenblatt, Buffett, Burry all use derivatives (primarily options) for gaining interesting expousures on the markets; indeed you can think about option as contracts to buy the suff you really want to own (value oriented investment) and not complicated trading derivatives as many thing about them. + +Selling puts is really useful and you can even outperform the market by adopting this simple strategy; we can't think about value investing only in the "traditional" way, we should develop and search for opportunities in every field. + +I'm not saying that we should be similar to WSB people that bet and not invest (it's funny but not really useful in the long term ;) ) but we should use derivatives for gaining more opportunities. +Remember the bullrun last year? + +People were calling crypto to reach 100k in the end of year. + +We all know that it didnt happen and after reaching the meme number of $69,420 it all crashed hard. + +Now Youtubers follow the trend and saying that 12k is imment to occur. +Since even the most bullish bull knows that we're in a recession and in a bear market, they all want to look legimate and call out random numbers. + +Currently the magic baseline number of $12k is drawn. + +Will it happen? + +I guess not, anything between 12k to 100k then. +This is a repost because the last one didn't respect the guidelines for titles. + +$BANT (Bantec Inc.) is currently working to expand into one of the hottest sectors right now, DRONES. For reference, $ALPP was $0.05 in November 2020 and now it's $3.02. Drones received the governmental approval to fly almost everywhere unimpeded on the territory of U.S.A. in order to expand delivery services for the big companies like Amazon or Walmart. **This is a multibillion industry for the coming years.** + +They recently received an order from Atlantic City's Fire and Emergency Management Department for drones. [The article](https://finance.yahoo.com/news/bantecs-drone-usa-receives-purchase-130000327.html) doesn't specify numbers but I think it's a pretty good deal to start off the year. + +[This](https://www.droneusainc.com/) is their site for drones. They don't just sell drones, they also train the buyer to fly them and also license them. + +To quote the CEO, Michael J. Bannon: "We are excited to supply Atlantic City's Fire and Emergency Management Departments with the right drone equipment. Drones provide a great and effective tool that ultimately help first responders perform their jobs more efficiently. One drone, equipped with payload and night vision capabilities, will be used to drop automatic flotation devices to swimmers in distress. **To quote Elon Musk "The fighter jet era has passed." There is great wisdom in this statement. Drones and robots in many ways will change the way we accomplish our daily tasks.**" + +# Oh, did I mention that this is also a COVID stock? Check this out: [they sell robots for $98,000 that TERMINATE COVID-19.](https://bantec.store/products/elliot-advanced) If you want to invest in the stock that prevented the Judgement Day, this is [it.](https://bantec.store/collections/all) + +Bantec has a division called Bantec Sanitizing [that will receive exclusively](https://finance.yahoo.com/news/bantec-offers-ventilator-exclusive-bantec-130000693.html) ventilators from Chemflowtronics. + +They also have a construction division that offers the following [services](http://www.bantecinc.com/what-we-do): + +* Construction Management +* Full Time or Part Time Engineers +* Drywall Installation +* Flooring +* Carpentry + +# Team Management + +Michael Bannon + +&#x200B; + +* Has over twenty-five years of entrepreneurship and business leadership experience. +* Managed organizations in the environmental, manufacturing, insulation and construction industries. +* Built profitable multi-million dollar sales driven organizations in both the service and the manufacturing sectors. +* FAA Certified Remote Pilot. +* Received a BA from the University of Connecticut, a MBA and a MA in Industrial/Organizational Psychology from University of New Haven. +* Earned certificates in Strategic Finance for Smaller Businesses and Mergers and Acquisitions: Strategy, Execution, and Post-Merger Management from the Harvard Business School. +* In 2011, Graduated from Harvard’s prestigious Owner President Management Program becoming a Harvard Business School graduate/alumnus. +* Currently pursuing a MS in Juris Prudence in Finance at Seton Hall Law School. + +Matthew Wiles + +&#x200B; + +* For twenty years, managed and lead an operations and production department at a major Aerospace Manufacturing Company.   +* Received a Bachelor of Arts and Master of Business Administration Degrees from Warner Pacific University, Portland, OR. +* Played basketball for Concordia University as a scholarship athlete, Portland OR.. + +Dr. Rodrigo Kuntz Rangel + +&#x200B; + +* Has served as a Director of IBRV, the BRVANT Institute of Technology, a non-profit institute for over four years +* Since 2009 he has served and continues to serve as a CEO of BRVANT +* Prior he was a Product Development Engineer for 7 years at Embraer SA + +TL;DR: This is the next $ALPP if there ever was a next one. They currently trade for $0.0170 at the time of posting this thread. They have a small market cap of around 20M and there's plenty of upside. + +Edit: Forgot to mention [the article](https://finance.yahoo.com/news/bantecs-drone-usa-receives-purchase-130000327.html) that talks about the Fire Department's purchase. +# First and foremost. Dogecoin has massively pumped over the last week, up 77%, it's likely massively hyped and due for a correction, buying Doge will probably get you burnt. + +Over the past year Dogecoin has taken hit after hit along with the rest of the crypto market. Every time Dogecoin dropped out of the top 10 cryptos by market cap, this sub was quick to celebrate the drop. + +With posts like + +[If You're Still Holding Dogecoin, You're the Greater Fool](https://np.reddit.com/r/CryptoCurrency/comments/uvil1o/if_youre_still_holding_dogecoin_youre_the_greater/) + + [Polkadot (DOT) Dethrones Dogecoin To Join Crypto Top 10](https://np.reddit.com/r/CryptoCurrency/comments/xatmpz/polkadot_dot_dethrones_dogecoin_to_join_crypto/) + +and blatantly false FUD posts + +[Doge has a single wallet with more than 23.17% of all the Dogecoin in circulation and it can be rugpulled at ANY moment.](https://np.reddit.com/r/CryptoCurrency/comments/s798gh/doge_has_a_single_wallet_with_more_than_2317_of/) + +The top wallet was previously discovered to be RH holding on behalf of its clients not a whale waiting to dump Doge. + +\------------------------------------------------------------------------------ + +So I wanted to use this opportunity to celebrate the recent rise of Dogecoin + +* Over the past five years Dogecoin is up 410% against BTC +* Over the past year Dogecoin is up 10% against BTC +* Over the past 6 months Dogecoin is up 45.85% against BTC +* Over the past month Dogecoin is up 64.82% against BTC +* Over the past 5 days it's up 65.88% against BTC +* Over the past day it's up 23.89% against BC + +\* To prevent spam on this post I didn't include image of charts, however you can Google "Dogecoin to BTC" and look at the charts for comparison in the different time frame if you want + +\--------------------------------------------------------------------------- + +Welcome back to the top 8 cryptos by marketcap Doge. May your stay be long and not just a few hour footnote on the daily news. + +Again, Dogecoin is massively hyped, hype is not reasonable or long term and anyone thinking of buying into hype should be prepared to be exit liquidity for whales. +Lurker posting on a throw-away account. We are 40 y.o. married with 2 young kids (<10) in HCOL with 700k mortage at 3.75% and 300k home equity. Total income in secure non-tech jobs about $600k per year. No debt other than mortgage. Burn rate looks to be about $180k/year. Hoping to FatFIRE 2021 more or less. For various reasons it is unlikely we we relocate out of HCOL area. + +At beginning of 17 we had ~2M in assets as follows: +1M -- retirement accounts (Roths, 457, 401k), 100% equity index funds. +300k Home equity +400k brokerage (balanced portfolio about 75 equities/25 munis) +250k government bonds +100k 529's for kids in target date funds. + +Long story short due to a family member passing we inherited ~$5M this spring, as follows: + 2M -- Inherited Roth IRA (currently in t-bills basically) + 2.25M -- real property but very low return -- 40k/year + 500k cash + 250k in personal property + +RMD's on the Roth (about 50k/year) will start by end of 2019. We intend to stretch the Roth over my lifetime. + +I am trying to figure out how to allocate the 2M roth away from t-bills. Likewise with the 500k cash. Putting all in equities at one time or even DCA is making me nervous given length of current bull market. I could pay down mortgage but we do not carry earthquake insurance and we need the mortgage write off. However, leaving Roth in t-bills seems insane. + +Obviously a good problem to have but still struggling with how to handle, particularly given plan to FatFIRE. Any thoughts on how to handle the Roth and cash issue? + + + +If you still don't think we're in a bear market, I'm not sure what to say to you. You can't associate constant dumps and weak pumps Bitcoin has been going through for the last 4 months as a bull market. + +Benjamin Cowen is one of the few people I follow and I enjoy his content. It's sad to him say his theory of lengthening cycles is dead, because it made the most sense. As an asset gets bigger, it obviously takes more money to move it up hence more time. Also, every Bitcoin cycle has seemed like it was progressively getting longer if you measure it from cycle bottoms. + +https://preview.redd.it/ym1kycwyl8y81.png?width=595&format=png&auto=webp&s=77e259cb883425ccc915974eb75452c90cf84073 + +&#x200B; + +https://preview.redd.it/mc0c80fwm8y81.png?width=589&format=png&auto=webp&s=0560ebfc99b268861e9bc617644a307749ff8417 + +What he says makes sense, even if we were to somehow pump up from here it wouldn't erase all this downwards movement we had to go through. It would be hard to classify the past 2 years as part of the bull market. If the high inflation numbers and the situation with the FED wasn't a thing, I think his theory would have been correct. What do you think? +Hi, I am curious about something I was told this week. My neighbour, who is of pensionable age, said that he recently had his annual meeting with his accountant (personal affairs, not business). The summary of the meeting was that he was not spending enough. My stiff upper lip stopped me from asking why, so I am asking you guys and girls. Sorry if I am being thick but I’m what scenario would anyone recommend spending your money? How does this help? +Keep this in mind... We all are asking ourselves Why in the earnings call did they choose to disclose the number of holders and the approximate DRS count. + +I believe it is because it fucks the hedgies legitimately. Hear me out. + +Remember this is now public record. The earnings call and anything that becomes public record has to be substantiated. Now all the brokers, dealers, hedgies and regulatory bodies now have to pay attention to the true numbers. + +Because when this all blows up in the hedgies faces and they are trying to blame this broker and that broker for the naked illegal shorts or validate why the rate was so low to borrow knowing that GME reported X number of shares. + +You can't say whoops missed that, had no idea the shares were being DRSed, I just kept the borrow rate at 1.1 and kept giving hedgies shares to short. + +I think this is about accountability on the players in the market but also with hard numbers out there it's less fuckery and less manipulation can occur. Right? + +If the broker says our internal policy is when a stonk becomes hard to borrow to raise the rates. Or to manage risks we ask more from the hedgies in interest because the risk goes up that they can't deliver or won't deliver and we plan to make money in interest. + +Later when the blow up happens and Congress is asking brokers, well it surpassed your internal thresholds and there was an increase in risk....WHY DID YOU NOT RAISE RATES? Unless you were doing it on purpose and colluding and manipulating the market with Hedgies. + +So point is, to prevent wrath of the government and investors hedgies and brokers alike have to be mindful of the numbers that are public and factual and that those number jive with whatever ranges and thresholds they have in place otherwise the questions come. WHY DID YOU IGNORE THESE METRICS FOR THIS PARTICULAR SECURITY? + +tldr- hedgies are fuk and the numbers being released are good and helps in the fight against fuckery. +Does anyone own real estate in ski resorts and rent them out? How much can you realistically outsource such that you don’t have to do much if at all to keep getting rental income? + +Also - thoughts on current cap rate trends in ski resorts? Looking at Colorado and Vermont. +Last year for my wife’s birthday I got her a personal stylist to help select outfits and work as style consultant. It was a huge success and I scored some great husband points. This year I’m looking for the hair stylist version of a style consultant. Anything I search for keeps coming up as someone who will cut hair. I’m looking for someone to help her learn how to style her hair differently and better take care of her hair. What are my fat options for this type of service? +I know this thread topic is used quite a bit around here, but generally the options and responses are a bit limitless (wine/dom, tasting menu, etc.). In this case, I have firm and industry regulations around the amount that I’m able to spend on clients. + +These are clients who are all FAT and generally can buy anything they want. Their age range is 30s-60s and most have young families, though some are single. + +I’d ideally like to get something that everyone can enjoy when they’re sitting around for the holidays, not something that only one person gets to reap the benefits. I’d really like to avoid the traditional gift baskets. + +Price range: $400 or less. + +TIA. +I've said it for a while. + +GameStop are making their own metagame universe and all their partners are invited. I'm gonna explain as much as I can now since more people are asking. + + +My guess of what's happening is a metagame universe as a social platform where you can shop for anything [like in Ready Player 1.](https://imgur.com/JSEE0YA.jpg) You buy it there and the physical version arrives at your house, tied to NFT so you can wear it in the metaverse too. + +That place to hang out becomes the login portal for games or watching VR things with friends or desktop games etc.. or a [blockchain based stock market made by Loopring.](https://i.redd.it/q6tc253sgx581.jpg) + + +More: + +> Instead of logging on Facebook to see what your friends are up to. Or Steam to invite a friend to play a game. + +> You open a "game" on your computer that's a universe where you and your friends walk around to socialize and catch up. If you find a game you like you all hop in that portal inside the universe and it logs you in. Your ID is tied to the character you logged in as kind of thing. + +> Now you tie NFT cosmetics to it and you can wear or drive cool shit around the universe (or games that support it) and even gamble the NFTs if that's your thing (CSGO knives anyone.) Or even blockchain based real estate in the universe. + +> It's the entire economy inside the Digital world, that is tied to physical items through blockchain and NFTs + + + +These guys just said they are actually doing at least something with that, [mentioned metaverse specifically.](https://imgur.com/a/m2J2pGt) and since that image now accept LRC to buy stuff at GameStop. + + +Gamestop are partnered with everyone, Nintendo, Sega, [Funko,](https://www.funko.com/blog/article/funko-digital-pops-everything-you-need-to-know) and [Microsoft,](https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-multi-year-strategic-partnership-microsoft) even [esports,](https://news.gamestop.com/news-releases/news-release-details/gamestop-makes-play-multiple-esports-partners-supporting-amateur) Pokémon, and whatever they [can interact with](https://worldcrunch.com/tech-science/magic-pokemon-nft-trading-cards) on a card table like [nft Legos](https://www.brickfanatics.com/lego-tweets-mysterious-nft-tease-immediately-deletes-it/) or [Magic the Gathering/Hasboro](https://www.polygon.com/22406490/magic-the-gathering-nft-tokens-hasbro-ceo-quarterly-earnings) and [Atari NFT casinos](https://finance.yahoo.com/news/atari-casino-launches-virtual-party-133000509.html) that you can [drive your Lambo to](https://finance.yahoo.com/news/first-nft-drop-supercar-history-141556147.html), even your own bank with L2 tech, and make that the place that everyone socializes. + +&nbsp; + + +It now competes with Facebook, Steam, Tencent(QQ client), Amazon/Fry's, and clothing/retail, traditional banking and Wall Street, and you use your physical stores as login portals for those without computers. + +&nbsp; + + +Why else would [Nintendo need this job in Texas](https://imgur.com/DCLgJBV.jpg) + +[Nintendo has been releasing emulators](https://www.techradar.com/news/turns-out-the-nintendo-switch-onlines-n64-emulator-isnt-as-bad-as-it-seems) that should also be usable in a metaverse if programmed correctly, it should be very easy to buy say... a digital Gameboy and play all those emulators while waiting for friends to log online to play... have that save state tied to blockchain/NFT ID and you can launch the same game save on the Nintendo network on your switch. + +&nbsp; + +*So many companies have these hints* + +> When we think of SEGA, we think of its evolution from a pioneer in the video game market to one of the most prominent video game developers and publishers ever! Globally, SEGA has over 5,000 employees passionately working to bring the best gaming entertainment to players around the planet. We have one of, if not the richest, portfolio of original IPs – something we are very proud of and excited about as the market continues to change. + +> [New streaming technologies and shifts in the retail landscape are well poised for what will be the most disruptive and innovative time in our industry. Our IP strategy positions us well for this, and we are enthusiastic about the future!](https://careers.sega.com/jobs/brand-director/) + +> There’s never been a more exciting time in the company’s history to join SEGA! + +> [Sega's second-quarter financial results landed earlier today with plenty of good news for investors. Revenue and operating income for the owners of Sonic the Hedgehog are up, and Sega is now floating the notion that it's going to build future revenue from--you guessed it--non-fungible tokens (NFTs).](https://www.gamedeveloper.com/business/sega-s-getting-into-nfts-too) + +&nbsp; + +My bet is the initial versions will look something similar to [RuneScape3 (which is entirely browser based)](https://imgur.com/KnxgwoH.jpg) combined with fortnite art style to attract that crowd. + +Then they evolve with web3 technology from there until it looks like [ready player 1 eventually](https://imgur.com/JSEE0YA.jpg) and it's all social, shopping, playing physical games together, logging into other games, going to the bank... whatever you need to do.. show off your in game achievements with the NFT cosmetic they awarded you. Go flex that server first mythic kill in WoW on your metaverse friends. + + +&nbsp; + + + + +&nbsp; + +I think the initial avatars will be Funkos (if not more).. + They keep [tweeting these things out](https://twitter.com/GameStop/status/1471903185388322818) and Funko has technology to turn in game achievements into NFTs and physical rewards. + + +> Funko Digital Pop! will be available to purchase through the WAX platform using your WAX account and a credit card. + +> What is WAX? + +> WAX (Worldwide Asset Exchange™) is a leading decentralized video game and entertainment network. The WAX blockchain is a safe and convenient way to buy, sell, and trade virtual items. + +> WAX NFTs can be purchased in the initial drop using a credit card. Purchases must be made using a WAX wallet which is an account created on the WAX blockchain that will hold your Digital Pop! after a successful purchase occurs. The WAX wallet allows you to see your NFT inventory and interact in the WAX marketplace to buy, sell, or trade NFTs. + + +&nbsp; + +> How do I redeem my Digital Pop! for a physical Pop!? + +> 120 days after each series of Digital Pop!™ drops, each WAX account with a qualifying Digital Pop! will receive a Redemption Coin deposited into their wallet. (Psst… A Redemption Coin is a redeemable NFT that represents a collection achievement). + + +> The Redemption Coin NFT will be deposited into the account of the current owner of the Digital Pop! on the applicable date, not the original buyer. If you sell or trade a redeemable Digital Pop!, the Redemption Coin NFT will be deposited into the wallet of whoever holds the Digital Pop! on the 120th day. + +> Only one (1) Redemption Coin will be issued per redeemable Digital Pop! + +> Once a Redemption Coin is deposited into your account, you will have 30 days to redeem for your physical Pop! Redeeming a Redemption Coin "burns" the coin and it will no longer be in your wallet. + +> Redeemed physical Pops! will be shipped and delivered for free to all U.S. customers. International shipping fees may apply to global orders where available. Some restrictions may apply. U.S. shipping is expected to be fulfilled within 30 days after the NFT series redemption deadline. + +&nbsp; + +Then you gotta call in Ja Rule to tie it to blockchain and (not joking) for collectibles tied to a physical item with a chip for easy on boarding into the metaverse via a chip scanner. + + +>BCN: How did you get involved with the Flipkick market concept? + +> Ja Rule: Man, Flipkick.io is such a great idea. So as I got into NFTs I noticed a dope project and the whole angle was something different, which I really loved. [The angle of taking physical works of art and authenticating them in a similar way NFTs are authenticated on the blockchain but with a chip.](https://stockmarkettoday.org/hip-hop-star-ja-rule-discusses-the-growing-nft-space-and-crypto-i-like-the-fact-that-bitcoin-is-decentralized/) We have a patent pending on our technology, and when I say ours it’s because I’m part of the company. + +> It’s just a smart thing to be able to authenticate physical artworks cryptographically and let these amazing artists be able to enjoy the fruits of their work and it was never possible before in the past. So I really applaud what Flipkick is as far as the physical NFT space. + + +This is the tech his NFT company patented. Sounds useful for say... physical products with a chip tied to NFT/metaverses + + +&nbsp; + +And this + +https://twitter.com/jarule/status/1371851888270966789 + +Lambo [clearly knows what's up too](https://i.redd.it/etfz0mbbgx681.jpg) + +&nbsp; + +OK now go [look at GameStop's job description again] (https://imgur.com/v1VjDqr.jpg) + +Edit: Part 2 [GameTrust, GameStop's game publisher and why they are key](https://reddit.com/r/Superstonk/comments/rp2dvn/gametrust_the_game_publisher_that_gamestop_owns/) +What’s the most common advice we here: buy a 2-3 year old Honda or Toyota. While I have done this in that past, it’s a very narrow view that is not the best for everyone. + +Let’s say Jim and Karen live in Lansing, Michigan, have 4 young kids, and need third row. They drive 10,000 miles a year, and generally don’t do their own maintenance. + +Reddit says get a 2 year old Toyota. The Highlander is to my knowledge the cheapest 3rd row they sell. 2 years 30k your looking at $30,000 for a mid trim package. You’re going to pay a higher interest rate due to buying a used vehicle, and the car is half done with it’s factory warranty. + +Or you can buy a brand new Dodge Journey sxt for 15k out the door (don’t look at Msrp, use autotrader) you going to have more warranty, pay less in interest and insurance. In ten years when it has 100k you can catch it on fire, buy a new one and still have less invested then you had invested in a 2 year old Toyota. + +On top of regular depreciation, you have Michigan rust which is brutal and expensive on older cars, the fact that kids are going to destroy the interior, and it’s nice driving a new car and not one that’s 15 years old. + +I’m not saying it’s bad advice buying a 2 year old Japanese car, just we’ve Ecco-chambered it so long as fact that we fail to recognize other options that maybe just as good or better. +Canberra, Sydney, Wollongong, Queanbeyan, and Melbourne are all insane to rent eight now. + +Why are there so many people looking for places? + +When I used to live in Wollongong three years ago, it was so easy to find a new place, and then I see it on the news as someone has been looking for 2-3 months. + +That's insane. + +-- + +And what in tarnation is going on with house prices? +Think about it: + +* Endless institutions on the sidelines waiting to pour in money. +* Crash happens. +* More people hear about it in the news. +* Bitcoin loses over half of it's value and continues to function as if nothing happened. Upgrades continue to be worked on (Taproot). +* Analysts see that more people are buying the dip and HODLing than ever before. +* Now buyers are able to get in at an even better price. +* US banks will start offering Bitcoin products this Summer. +* Banks in Germany are legally allowed to start on July 1. + +It's unstoppable +In December 2021 I started developing my own trading algo. Just for the people who are thinking about it - this is my journey. Not necessarily the best way. My algo is dependent on fills of passive orders. + +1. I thought about a strategy which could work. It’s in the real stock market (not crypto). With Jupyter I started exploring the possibility of a successful algo. Because of the nature of my strategy, backtesting wasn’t a feasible option. So started with small money in Jupyter, programmed in Python. And it worked! For every trade I received an email from my broker. To keep track of the algo, I used a lot of graphs to plot the progress real-time. +2. Keeping my laptop open all day was good for a few weeks, but it was time for something better. So bought a virtual personal server (vps). For $6 a month it was worth the money. I suppressed broker emails, and received hourly summary mails with trading activity. +3. I copied all Jupyter files to regular Python scripts, and started it on the VPS. It was a small disaster: a typo created an evil loop. And didn’t know my way around in Ubuntu, so i quickly lost a few hundred bucks before I could terminate the script. +4. in TMUX I created a screen where I could watch in real time how the market was doing and how my strategy behaved. Able to spot a lot of small errors and things to improve. +5. With Telegram I wrote a small bot, which reports how the algo is doing. Trades, profit, risk parameters. Can pause and restart the algo with a simple command in Telegram. Stopped with the TMUX, and rely on cronjobs to start the algo. +6. Currently, I make around 0,25% profit per day (with €50k). Unfortunately, I can’t increase the size as it would distort the market. And because it’s a very niche product, if this market goes quiet it’ll be the end of the strategy. But so far, all is fine. + +TLDR: developed algo with less visual information each step + +(edit: forgot about the Telegram part) +Before I dive into my first property, I have something hold me back. It’s a paranoia the that I’m over looking or forgetting something significant. + +I found a property by doing homework on the area and think it’s a good price and I would generate positive cash flow using my most conservative estimates for everything. + +Just wondering if anyone had deals go south because of something they missed and/or things you have learned to look out for now. +For those of you with non-real-estate corporate jobs, do you include REI on your resume or LinkedIn? I was thinking I could put Property Manager and include details such as negotiating sales, managing repairs/renovations, managing tenants. + +I could see a potential employer seeing I have the ability to solely manage large projects as well as manage relationships, but I could also see a potential new employer (and maybe one I would want to work for) see this and think, "how is this relevant? why do I care? is this going to take your attention away from your 'real' job?". + +I'm thinking including it on LinkedIn couldn't hurt and may have potential of opening doors, but I'd like to hear experiences from anyone who has included it on their resume or LinkedIn. +I'll start by saying I think Zestimates got fairly accurate through the last 2 years as Zillow became a licensed broker in more States and thus got real MLS data. However, it seems they are still projecting massive YoY price appreciations. I think anyone looking at their local markets right now can see that the cheap capital is drying up. I won't go as far to say we should expect a major fall in home prices, but projecting double digit appreciation just seems to defy the fundamental rule of asset valuations (i.e., Don't Fight the Fed!). +While I was looking to buy for a while, I am not shifting my mindset to just sit for a year and so and (hope) for some type of correction. It kills me to try an time the market, but RE in my area is holding such a premium with properties going above asking. +One of the things I've always seen as an essential for my FAT FIRE is to have a team of people to improve my quality of life. The dream for me is to have a personal chef, night nurse, regular nanny and some part time people to do tasks like cleaning the house, taking care of the garden etc. Obviously the more you add to the payroll, the higher your number needs to be. + +What people/roles would you have on your FAT FIRE dream team? +Hey are there any cheap and reliable stocks under $300-$200 that you can practice the wheel strategy on? I don’t even care if the premium you get is only a $1 I just want to practice the strategy on something. + +Edited: I just want to say thank you to everybody for your comments I am greatly appreciated for your help🙏 +I built a watchlist screening script that takes into account a bunch of technicals but also gathers the rate of premium you'll collect if your trading in any of these. The higher the "Panoos Ratio" is, the higher the premium; here's everything above 1.5 + +https://preview.redd.it/v419w198yqz91.png?width=1798&format=png&auto=webp&s=2cbfa77e7b4ad06163b947f780cf65d205e0952b +Hey everyone, I’m working through the Options as a Strategic Investment book by McMillan and found something pretty interesting on page 91, Chapter 2 (4th Edition). I’m sharing here in case this isn’t something well known but also my typing it up will let me better understand it. + +This applies to writing covered calls so it fits into wheeling and theta. It only works if you have more than 100 shares of stock you are writing calls against (probably something like 300 or more, the book says at least 500). The idea is called incremental return of covered call writing. + +This strategy works for stocks that have taken a beaten and are deep ITM. For example, you own 1000 shares at a basis of 80 but the stock dropped and is now trading at 60. Any covered calls you write at 60 or 65 will have terrible premiums and writing anything closer to the current stock price risks getting the shares called away below your basis. Instead, you sell calls close to the current stock price but only against a small part of your shares. As the stock price rises to that strike, you roll up for a credit by adding additional contracts. As it rises again, you roll up again but also add more contracts. + +Here is the example for the book, hopefully this will make it a little clearer. + +You somehow own 1000 shares of XYZ at 80 a share. + +Day 1: Stock XYZ = $60 a share + +Sell 3 XYZ October 60 calls at $7 for $2100 CREDIT + +One month later: Stock XYZ = $70 a share + +Buy back 3 XYZ October 60 calls at $11 for $3300 DEBIT + +Sell 5 XYZ October 70 calls at $11 for $3500 CREDIT + +Two months later: Stock XYZ = $80 a share + +Buy back 5 XYZ October 70 calls at $11 for $5500 DEBIT + +Sell 10 XYZ October 80 calls at $6 for $6000 CREDIT + +Totaling all this up, you get a $2800 credit and you get your shares called away at basis. It allows you to possibly earn a better premium in the end while you wait for the shares to rise instead of selling terrible premiums in the meantime. I need to dig into this a little more with real world numbers but it sounds like a good tool to keep in the toolbox if the situation allows it to be used. Obv you need to have more than 100 shares to roll up AND add on contracts for credit each time. +Say I'm losing on short option and I'm down $100. I roll to the next expiration cycle for even or a small net credit, say $5. That's the same as closing the first trade for a loss of $100, and then opening a new one for $105. I still have a loss of $100 and in order to make up for it, I need to keep almost 100% of the credit of the new trade ($105), which doesn't happen often. + +So why even bother rolling? Why not just take the loss and move on to another trade? +Robinhood is the only broker that has $0 option contract fees. Most other brokers charge $0.65 per contract. + +For people like me who sell one contract per ticker for 1-2% ROI weekly options (picking up pennies in front of a steam roller gang), the $0.65 contract fee actually results in a substantial decrease in ROI. + +However, it is often said that there are wider spreads on Robinhood to compensate for free options. Does this mean that the quoted bid price on Robinhood is lower than the bid price on every other brokers? If your bid is reduced by even $0.01, this translates to $1 and therefore surpasses the the $0.65 contract fee on other brokers. + +I found a WSJ article titled [Why "Free Trading" on Robinhood Isn't Really Free](https://www.wsj.com/articles/why-free-trading-on-robinhood-isnt-really-free-1541772001). It does not say that the bid prices are explicitly lower. However, it said that Robinhood basically has shitty "Price Improvement" compared to other brokers. + +I guess when you place an order to your brokerage, it will bundle your order with other people and sell it to high speed traders in bulk and get some kind of discount. Apparently your brokerage may or may not pass that discount to you in the form of a "price improvement". + +I currently use Schwab. In the past when I would place a sell to open order, on occasion I would see a note saying I had a "price improvement". I'm pretty sure it does not always happen; for example in my last 5 trades this Monday I did not see it. But if you get a price improvement of even 0.01, that translates to $1 per contract, so you have already beaten the $0.65 contract fee. However, I am positive that you do not always see a price improvement. + +*My question: is there any way to try to quantify by how much the price improvement feature of other brokers offsets their $0.65 contract fee, or how much the lack of the price improvement feature of Robinhood increases the price of trading on Robinhood?* + +It seems to me that you don't really know if you are going to get a price improvement or not. If you are not going to get a price improvement, it seems trading on Robinhood will be cheaper. If you get a price improvement, even $0.01, trading on any other broker seems to be cheaper. +LEAPS + +Well I just love LEAPS! I use them for my strongest conviction plays as a form of leverage for the underlying and also to be able to deploy more capital elsewhere. I buy them at .80 delta and far out DTE. I will also sell CCs over them for .10 delta 30-45 DTE. I am conservative as my main play is the LEAP. + +Past week or so I have bought the following LEAPS: TSLA CRWD Z DKNG MSOS PLTR BRKB NGA. + +Previous to that I bought and currently hold: AMD SBUX AAPL DIS DBOX TTCF NIO PINS SNAP + +This is just off the top of my head. I like input and interested in other people’s plays. + +I understand all risks associated w these and my personal bull thesis says we have some runway and risk reward is good for me. + +Fuck how about that DogeCoin 🤯 + +Good luck and green days to all! +**DEBUNKED have a look at comments.** + +By u/keredion from r/GME. Felt like this needed to be cross posted. + +Few apes have been warning recently that brokers were NOT sending the votes. + +My experience with DeGiro was that they charged me the 10Euros needed to vote, they send me an email confirmation on 2nd June. + +But, on 3rd June they returned the 10Euros without telling me that they were not going to send the vote!! I sent them an email yesterday (when I realized about this) but they didn't reply yet. + +I checked because yesterday I saw that a french ape got a DeGiro email saying that due to "technical difficulties" they couldn't send the vote. + +THEY DIDN'T LET US VOTE!!! I'm quite sure it wasn't only DeGiro. SPREAD THE WORD PLEASE. + +Edit: I can't post in Superstonk, please let everyone know about this. These kind of worries were buried in the good DDs posted in both forums and we weren't paying attention enough. Now is the time to reach everyone and let them know that they didn't let us vote AT ALL (Technical difficulties....maybe they didn't have the shares since the beginning because there's no shares available!) + +Edit2: The way I knew something was wrong (the reason I checked and saw they gave me back the 10 Euros) was thanks to this post yesterday: [https://www.reddit.com/r/Superstonk/comments/nvag6o/degiro\_vote\_i\_am\_mad\_what\_the\_fuck\_is\_this/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/nvag6o/degiro_vote_i_am_mad_what_the_fuck_is_this/?utm_source=share&utm_medium=web2x&context=3) + +**Edit3** + +By u/sh0w3n + +u/DeerLegal Update to my own post. I emailed DeGiro and called them. Email came back with a simple ''The fee hasn't been refunded''. + +Call showed me that if you login on the desktop, go to activity -> account, you can turn off something in the middle next to the dates (GMF (...)). That shows that it was an internal transfer and the votes have been casted. It is because your available funds are stored in a bank account rather than on your trading account. + +Maybe an False alarm? + +They only told him that they couldn't vote for him AFTER he e-mailed them asking for confirmation that everything went fine. I'm expecting the same answer. +I have around $50k in Fidelity index funds in my Roth IRA, and have gained about 20% across the board from my initial investments 3+ years ago. I have always been a cautious investor, and learned that going the index fund route for all investments is a safe bet, plus with low fees and expense ratios, it seemed like the most bang for buck. That said, the kangaroo stock market has me interested in throwing a bit of money at stocks to see what happens. I put in some money to AMD stock and already have a 25% return since initially investing a few months back. At 28 years old, I feel like I could be a bit more risky. +My understanding is that with the ROTH IRA, any money I make in that account, I will not have to pay taxes or capital gains when withdrawing. Would there be any advantage to dumping funds now that the market is quite high, and waiting to see how rocky this election is? Then buying funds again when there is a dip? With the current political climate, I really can't see the election going smoothly, leading to people selling across the board, regardless of who actually wins. Plus if we get into a constitutional crisis, even more reason to be out of the markets. + +Any thoughts on this? Is this a super rookie move, and should I just stick with the bogleheads methods of long term strategy? Can we even have long term strategies in the current day and age? +**About me** + +Hi! I’m a 26F CPA living in Toronto, Canada. I wanted to post this to show the non IT people in this sub that don’t make 100k+ right out of school that it’s possible to increase net worth quickly even without those things. I’ve always been a saver but I discovered MMM in December 2015 (when I was 24). The realization I could retire at 35 really lit a fire under my ass to save even more and actually invest it. I was working through my CPA at a big 4 accounting firm at the time and hated every second of it. To be honest, accounting is boring and a ‘meh’ career at best, but the money is good so I will most likely stay on this path until I feel FI enough, if not actual FIRE. + +I live in the downtown core of the most if not second most expensive city in Canada, sharing a two bedroom condo apartment with my SO. I have no expensive hobbies other than travel and lead a pretty ‘boring’ life. I’m slowly getting healthier and into exercising but those things are harder for me than saving money. + +The privilege – My parents paid for 3 out of my 4 years of university. That’s about 36k that I got for free which will never have to be repaid (I asked). That one year and for the 2 years I lived on campus I paid for myself through part time jobs before and during university. I also went back to live with my parents for one year rent free during my 5 years of working, which was a nice boost to my net worth during that time. + +Here are the numbers! + +**The goals** + +My spending goal in retirement for one person is $20,000-$30,000 per year (as part of a $40,000-$60,000 spend household). I expect my SO to pay their own way on this FIRE journey. The dream at the moment looks like one year on one year off long term slow travel, most likely for 5ish years of travel. On the off years, we could work, volunteer, whatever. These FIRE plans are not that defined because who knows what I’ll feel like in 5-10 years. + +All else being equal (is it ever?) I expect to achieve the following net worth milestone at the following ages: + +|Annual Spend (individual)|$20,000.00||$25,000.00||$30,000.00|| +|:-|:-|:-|:-|:-|:-|:-| +|FI @ 4&#37;|$500,000.00|29|$625,000.00|30|$750,000.00|33| +|FI @ 3.5&#37;|$571,428.57|30|$714,285.71|31|$857,142.86|34| +|FI @ 3.25&#37;|$615,384.62|30|$769,230.77|32|$923,076.92|35| +|FI @ 3&#37;|$666,666.67|31|$833,333.33|32|$1,000,000.00|35| + +\^the above does not account for market corrections/recessions. If one happens tomorrow obviously those ages will change. + +My flair is based on the first goal - $500k for 20k of spending at 4&#37;. Is that going to be the number I FIRE at? Probably not, given the expectation of a low growth environment in the near future and my young age at the expected time. But it’s a number that I would feel comfortable about enough to shift into something more chill. It’s possible and even likely that I’ll experience the golden handcuffs phenom and stay for a while past that though to feather the nest and add security. + +Future plan/goals – I have no interest in having children, which enables my fast FIRE journey and long term travel plans. I am also lukewarm towards real estate because of the very high property prices in Toronto as compared to rents, and my distaste at paying maintenance fees on condos .AKA if I buy; it has to be a freehold house, which makes homeownership an even more expensive proposition. While Canada is great, it’s also possible that I will be OK with living somewhere else with single payer health care long term (I hate winter), so that’s another reason buying is not high on the priority list. + +**Income history and Net Worth** + +I started my career at a big 4 accounting firm making 45k, then 50k the next year, then 60k the next. These are standard salaries for this job in my city – Toronto. During this time I was renting a place downtown with a roommate or SO. + +After leaving the firm my first job out was at 75k, and I moved to live with my parents for that year. Getting rid of rent was amazing for my net worth. Then I moved to a more interesting job that I thought I would love for 80k and started paying rent again. Now I’m still paying rent, but making 95k somewhere else. + +I do have access to a side hustle that I started participating in around 2016. It’s very CPA specific and involves helping incoming CPAs get feedback for their practice exams in preparation for the qualification exams we have to write in this profession. I think I made <$2000 the first year I did it, but it grew steadily and I made $13,000 last year from this. + +My net worth started at -$10,000 on the day I graduated university in the summer of 2013. That debt was owed to my parents for a lavish long trip I took that summer which I repaid in my first year of working. No regrets. After I started working and saving, it began steadily going up. My records are spotty in the beginning, since I was just saving to save. + +|Jul/2014|$10,000.00| +|:-|:-| +|Sep/2014|$16,108.48| +|Nov/2014|$21,146.27| +|Jan/2015|$26,275.45| +|Mar/2015|$30,587.78| +|Jun/2015|$41,766.89| +|Sep/2015|$48,129.09| +|Dec/2015|$54,127.60| +|Mar/2016|$66,790.00| +|Jun/2016|$82,387.42| +|Sep/2016|$93,851.37| + +I reached the 100k milestone sometime in November 2016 at 24 years old, 3 years and 2 months after my first day of work. + +|Dec/2016|$108,566.61| +|:-|:-| +|Mar/2017|$124,818.16| +|Jun/2017|$137,332.79| +|Sep/2017|$159,339.43| +|Dec/2017|$184,239.82| +|Mar/2018|$196,280.12| +|Apr/2018|$204,157.49| + +I reached the 200k milestone sometime in April 2018 at 26 years old, 1 year and 5 months after 100k (4 years, 7 months after my first day of work). It definitely gets faster (especially if you have year of not paying rent!). + +All else equal and barring a downturn, I hope to achieve the 300k milestone around winter 2019. Depending on the side hustle this year and with my increased income, here’s hoping for Dec 2018 instead of March 2019. + +**Monthly expenses** + +For a millennial living in a huge high COL city, I don’t spend a lot of money. This has enabled me to save a ton of money even on my medium salaries. + +Currently, this is how much I spend + +Rent: $1,100 (my half of a $2,200 apartment) + +Electricity: $25 (my half, goes up and down slightly with the weather) + +Internet: $25 (my half) + +Phone: has been free for the last year because of my job. I suspect with the new job I’ll need to pay around $40. + +Transportation: $0-$120 depending on the weather. I walk to work in the summer and take transit in the winter (-25C is not good walking weather). + +Groceries and household: $120-$200 depending on my laziness really. + +Eating out and entertainment: $100-$150 depending on my laziness, inversely correlated with groceries. There will be a social event once a month or so with friends. + +Monthly total: $1,370-$1,660. That works out to $16,440 to $19,920 annually without accounting for extras like vacation. This year that will add about $3,000 to the budget. + +**Investments** + +My tax advantaged accounts are maxed out and self-managed through a DIY brokerage. My taxable contributions are split evenly between the same self-managed DIY brokerage and a robo advisor for shits and giggles. The robo advisor is winning at the moment, because I view my DIY brokerage holdings as a whole unit so my taxable account gets the brunt of the bonds (low rate environment). + +The DIY Portfolio is as follows: + +Cash: 0&#37; + +Bonds: 13&#37; (preference is 10&#37;), ZAG mostly. I’m meh about this allocation. + +REITs: 4&#37; (preference is 5&#37;), VRE mostly. Also meh about this allocation. + +Canadian dividend stocks: 7&#37; (preference is 2&#37;, my investing strategy used to be dividend based so this is a remaining position from then), CDZ. + +Canadian Market: 3&#37; (preference is 2&#37;),VCN + +US Market – hedged to CAD: 22&#37; (preference is 24&#37;),VUS/VSP + +US Market – unhedged: 22&#37; (preference is 24&#37;), VUN/VTI(n USD) + +International (both developed and developing) – unhedged: 30&#37; (preference is 33&#37;) XEF+XEC/VXUS(in USD) + +My robo advisor has split my investments as follows: + +Bonds: $20&#37; + +Low carbon global stocks: 27&#37; + +Canadian stocks: 23&#37; + +Global stocks: 15&#37; + +Cleantech stocks: 15&#37; + +I’d love any advice on my allocations. I rebalance when I invest so it’s a bit slow. + +Is there anything else you want to know? + +If this post is well received and the community feels it’s useful, I’ll make another one when I get to $300k. + +Edit: my title was too long :( it's supposed to say 'at 26' at the end. Live and learn i guess. +I’ve always been a buy and hold type guy investing in companies that I want to hold very long term, along with ETFs for long term growth for early retirement. + +Over the past year, I’ve also began actively trading in riskier short term stocks. Some of those active trades grew well beyond what I could have ever imagined, up where I was sitting on VERY large in unrealized gains. While it’s not money I would have used short term, it would have been amazing to have. + +I always go beyond my exit strategy because I always say “what if it keeps going up and I keep getting greedy. Essentially it gets to the point when I tell my significant other I’m up X on this stock and before I know it the price is much less than I could have gotten. I get out with a profit, but it’s never close to what I originally could have had. + +Then, there are times where I’ve sold too soon. And could have had somewhat life changing money if I just held on 3 or 6 more months. + +I’ve always hated stop losses because I feel like sometimes the stock bounces right back up after a little dip. + +Essentially, I’m wondering the following: + +1. How do you deal with massive loss of unrealized gains? Right now I’m just mad at myself, but know if I made it once, I can do it again but just shouldn’t chase. + +2. How do you fight the urge to keep holding when you know you should get out? + +3. Do you have any stop loss strategies? Ex: in 25% increments of total investment? + +4. How do you move on and not fall in love with that specific stock? I would think I constantly keep checking it and seeing what I could have had. + +Sorry for this ramble, but looking for anything positive to think about and get better at this. + +Thanks. +I was watching a video on America's Debt Crisis and wasn't to sure if everything they were saying was making sense, so I was like damn, "this is an important subject matter how would I begin to learn about this subject." So my question to you all is, where is a good place to start? + +How much information that is not directly finance related do I need to know to understand this subject? How much economics do you have to be aware of (I've only taken college intro micro and macro)? I intend on starting to watch some Kahn Academy videos, would this be enough to have a good understanding? Are there any Finance for dummies books that would be better? + +Thanks in advance. +The trade is to buy 100 shares of TSLA. then sell the combo of at the money call and out of money put. + +for one month. September 30 would be + +100 shares of TSLA is $282 + +Sell 1 Sept 30th 280 call for $20 and sell 1 $258.33 put for 9.30. Take in 29.30 on combo + +282 - 29.30 is net cost of $252.70. + +Result: if stock closes at 280 or higher stock is called away. $27.30 on 252.70 net cost is about 11%. + +if stock drops below $258.33 you are put another 100 shares. You now own 200 shares at average cost of about $255. So with stock at $282 you are buying 200 shares at a discount of about 10%. + +So down 10% you don't lose and do trade again. + +Stock stays here above 280 and you make 11% for 1 month. +I've been holding tata motors for some years now and its dropped almost 60% in that time. The fundamentals are screwed up, negative ROCE, Low revenue growth etc but the promoter holding seems steady ans they keep expanding well into the passenger segment while the commercial vehicle segment is supposed to do well also. What is a good steo to take, hold or sell? +As the subject indicates, a few years ago, I purchased a regular MF fund on SIP. After about a year and some months, I stopped the SIP and let the fund idle. I am not investing further in that scheme. + +1. Does it make sense to still convert it to a direct plan? An I still incurring the additional cost of the regular plan? + +2.Does TER still play any part in the holding with no transactions occurring? + +3. If I change the fund to direct (Kuvera has something called smart switch to do this, I think), will I incur ltcg? + + + +Edit: Mangled the title fully but glad there are smarter folks in this sub who still understood my questions despite me butchering the title. + +Correct Title: Should we convert one time MF buy from regular to direct plan? +Hello everyone, I am planning to invest in US funds indirectly via MF. And have sorted Navi as the preferred MF to invest in US index fund. Do you guys have some suggestions or advice about these funds. My investment horizon is above 10 years. + +One thing which is bugging me is that funds have very low AUM 160Cr. and 75Cr. respectively. + +And if you have better investment plan other then this, kindly share with me. + +Thanks! +Stumbled upon [this](https://www.businessinsider.in/indias-lehman-moment-seems-closer-as-top-mutual-funds-defer-dues/articleshow/68831689.cms) + +>The fear in the market is that an increasing number of mutual funds are trying to brush their bad investments in companies like IL&FS, Essel Group etc. under the carpet. + +Should we be worried? +In the discord channel, an user /u/Tulip2MF gave a pointer to Kotak Cherry (yes that indeed is the name..) + +* It is under a RIA license +* The tool seems to work best if you invest with them +* They clearly state that they won't get commissions from stock advice, bank deposit advice, etc +* They also implement the newly required segregation of clients - A group can't earn commissions and fees from the same client +* Stock advice is defaulted to Kotak Securities (now the Karvy transaction makes sense!) +* Bank deposit advice is defaulted to Kotak Mahindra Bank +* There is no explicit statement on insurance +* The site seems well laid out +* I have not tried out the calculators +* Since I am an IA myself, I would not register with them, and hence don't have a comment about the quality of advice +* Posting this here as an information for an interesting product offering - the URL is simple to figure out + +(Why is it interesting: Bank channels are indeed very, very widely used for mutual funds and insurance. Almost every bank that I know provides only regular plans, and the banks earn 100s of crores a year as commissions. Here is a bank-linked platform that is going the pure advisory way, and with a very low price.) +I have been investing in mutual funds for almost 2 years now without much research and it still turned out to be good profit. I will start earning from the next month. I plan to start investing in mutual funds consistently, and for a long time, say about 25 years. +What's the safest bet in this case? +I am not sure if this is the place for this discussion, but kindly help me fix a mutual fund. +Thanks in advance +Stay calm and take advantage of opportunities. I wanted to come here and remind everyone before all the doom and gloom posts take over. The market pulling back is NORMAL, the recent news of a possible rate hike a couple quarters early is in my opinion an over reaction. Take the opportunity to buy shares of indexes or stocks you see getting oversold. The doom narrative may play out for another week or so but as always it will shift and the market will turn. +As the title states, I received a letter in the mail from the IRS that my tax return from 2014 was incorrect and that I owe around $2.5K on less than $10K disputed income. However, when I go to check my balance online on the IRS site it says I owe nothing. Even when I go to the online payment application section, it says the service is unavailable for me. Really unclear about what I should do. I can't really afford that amount at the moment, not that it would ever be convenient. Thank you in advance for any help. +Online shows this account at 3% APY with no fees and no minimums or maximums. I can open an account, link my bank, transfer it over? + +Also wanting some feedback on how easy it is to use. Transfers, deposits, stuff like that. I’m earning basically nothing on my current savings account through the local credit union. +1 POLYDOGE = 1 POLYDOGE REMEMBER! + +I have seen this project in some forums and also in a famous producer Instagram stories, but was difficult for me to decide to go in as it was in Polygon Network. +I just joined Telegram group and feel the energy of this project and it is awesome! So i moved to Polygon and it was easier than I expected and there re plenty guides about it. + +Elon Musk called DOGE the “people’s crypto.” And the people’s crypto should definitely be on every network. PolyDoge is the first dogecoin on the fastest and cheapest Ethereum L2, Polygon (Matic). With Polygon now having billions of dollars in total-value locked, that’s something special. PolyDoge—the token of choice for all Polygon fans and Shiba Inus everywhere. + +Don't be scammed or fooled - the only OFFICIAL Doge on Polygon is PolyDoge +Contract address: 0x8A953CfE442c5E8855cc6c61b1293FA648BAE472 + +Buying Polydoge is easy as send funds from Ethereum to the Polygon network with the Matic bridge https://wallet.matic.network +And buy directly from Quickswap! https://quickswap.exchange/#/swap?inputCurrency=0x0d500b1d8e8ef31e21c99d1db9a6444d3adf1270&outputCurrency=0x8a953cfe442c5e8855cc6c61b1293fa648bae472 + +Still strugglin if you should buy Polydoge? +- Matic Polygon has cheap fees. +- It has a large road to grow +- Polydoge is one of the first projects in Matic! +- Lovely community and devs + +The website is amazing and updated with news https://polydoge.com also I really recommend you to join the official Telegram: @polydoge + +DYOR! +Anyone else reading the forums? It's a rollercoaster over there. + +Threads about tenants requesting rent cuts and how that goes. It's a fascinating mix of people there too. You have the cold-hearted capitalist types who are like "don't gamble on property if you think you'll never lose" facing off against those who want Government help or who believed property always goes up. + +Some of the stuff that comes up is interesting. Like landlord insurance - to make a claim it requires commencement of eviction procedures. That could get interesting if not addressed. Can't evict, can't claim on insurance. + +Some agencies have rent guarantees so even if the rent doesn't get paid, they pay the landlord. Wonder how many of them will hold up? + +Saw some posts with people with multiple properties openly admitting if any drop or stop payment, they're done. Those ones get a big spicy, especially when the cold-heart capitalists just lay it out how property isn't guaranteed return. + +I've even seen an argument where agencies telling renters to contact them if they have financial distress shouldn't happen because it will give the renters "ideas". + +Certainly some people were highly overextended. The ones borrowing massively and are totally reliant on rent being paid so they can eat. + +I'm interested to see what Morrison's tenancy legislation changes will be. Landlords not being able to make a claim without starting eviction - I wonder if this will be addressed. +People are talking about rate rises but those thinking official rates are going from 0.1% back to 3-4% anytime soon are kidding themselves. Due to household debt load it won’t take much increase to have the intended effect. [Westpac](https://westpaciq.westpac.com.au/wibiqauthoring/_uploads/file/Australia/2021/2021-07/er20210707BullRevisedBondRateProfile.pdf) think the peak will be 1.25%, which if you assume net interest margin that banks earn being 2% then we might see rates paid by borrowers go to 3-3.5% for owner occupied and a bit higher for investors. This will take the heat out of the property market but unlikely to lead to a collapse. Wages will be playing catch up and the rate rises won’t significantly impact affordability. + +I wouldn’t pay much attention to those calling for official rates over 2% and a hosing collapse. All assets are just resetting to the new norm in interest rates, this includes housing. +[https://www.abc.net.au/news/2021-10-24/the-emotional-toll-of-breaking-into-australias-property-market/100557108](https://www.abc.net.au/news/2021-10-24/the-emotional-toll-of-breaking-into-australias-property-market/100557108) + +My friend was telling me how she and her partner are trying to get a house and they've been wasting money on rent. Is it worth buying property anymore now that houses have increased 20%? I feel like you would be wasting money paying off in interest as well, I understand that the house becomes your asset but this means you are given no flexibility. Would love to know your thoughts! +Guten Morgen to this global band of Apes! 👋🦍 + +Last week we saw the beginnings of the dramatic implosion of FTX. +While not directly linked to GME, there is little doubt that this event is stirring up a lot of additional activity. +Obviously, their crypto-backed 'securities' are the closest link, but as additional details come out, I'm sure we'll see that the rabbit hole is quite a bit deeper. + +This is a great reminder of one thing: + +If you don't hold it in your own name, is it really yours? + +We've seen several times that there are many brokers out there that probably don't actually buy stocks to back their customer's orders. +They simply note an IOU in their books, and any customer activity is internalized completely. +Many of these brokers do not allow DRS - they don't have the stock to transfer. +While many other brokers *do* allow DRS, there are legitimate questions about how they will behave during an event such as the MOASS. +These same institutions have exposure to many other aspects of the market, and may have extreme motivations to quash the MOASS. + +DRS is the way to ensure that your shares are available to when it matters most. +Don't let the FUD prevent you any longer - now is the time to get your shares to safety. + +Today is Monday, November 14th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$26.22 / 25,44 €** *(volume: 2582)* +- 🟩 115 minutes in: $26.22 / 25,44 € *(volume: 2507)* +- 🟩 110 minutes in: $26.08 / 25,30 € *(volume: 2491)* +- ⬜ 105 minutes in: $26.08 / 25,30 € *(volume: 2487)* +- 🟩 100 minutes in: $26.08 / 25,30 € *(volume: 2487)* +- 🟥 95 minutes in: $26.07 / 25,29 € *(volume: 2417)* +- ⬜ 90 minutes in: $26.07 / 25,29 € *(volume: 2393)* +- 🟥 85 minutes in: $26.07 / 25,29 € *(volume: 2284)* +- 🟩 80 minutes in: $26.07 / 25,29 € *(volume: 2284)* +- ⬜ 75 minutes in: $26.00 / 25,23 € *(volume: 2162)* +- 🟩 70 minutes in: $26.00 / 25,23 € *(volume: 2018)* +- ⬜ 65 minutes in: $25.93 / 25,16 € *(volume: 1869)* +- ⬜ 60 minutes in: $25.93 / 25,16 € *(volume: 1863)* +- ⬜ 55 minutes in: $25.93 / 25,16 € *(volume: 1863)* +- 🟩 50 minutes in: $25.93 / 25,16 € *(volume: 1842)* +- 🟥 45 minutes in: $25.92 / 25,15 € *(volume: 1818)* +- 🟥 40 minutes in: $25.96 / 25,18 € *(volume: 1818)* +- 🟩 35 minutes in: $25.97 / 25,19 € *(volume: 1800)* +- 🟥 30 minutes in: $25.96 / 25,19 € *(volume: 1600)* +- 🟥 25 minutes in: $25.97 / 25,19 € *(volume: 550)* +- 🟩 20 minutes in: $25.97 / 25,20 € *(volume: 540)* +- 🟩 15 minutes in: $25.97 / 25,20 € *(volume: 539)* +- ⬜ 10 minutes in: $25.95 / 25,18 € *(volume: 537)* +- 🟥 5 minutes in: $25.95 / 25,18 € *(volume: 397)* +- 🟥 0 minutes in: $25.95 / 25,18 € *(volume: 364)* +- 🟩 US close price: $26.10 / 25,32 € *($26.00 / 25,22 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0308. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Here is a screen capture of a video I found talking about short interest in 2006. The person narrating offers FTD' evidence in the video. On the lEft column is the date, and the right is the amount of FTD's. + +https://preview.redd.it/lw9dbzrdozf71.png?width=759&format=png&auto=webp&s=588fea2611b91e0e1c42b04b2cd8c0ca64aa4fbf + +&#x200B; + +https://preview.redd.it/73hym2ieozf71.png?width=759&format=png&auto=webp&s=fbf41842afb2360bd3d7711e1cc5177a4b7075e5 + +As you can see the FTD's all measure around $150,000,000 per day + +REG SHO Grandfather clause, " Grandfathered positions included those that existed prior to the **January 3, 2005** effective date of Regulation SHO, and to positions established prior to a security becoming a threshold security", is what opened the flood gates. + +&#x200B; + +https://preview.redd.it/9my7se2apzf71.png?width=728&format=png&auto=webp&s=561defda240148c849cf5ba2b3278843da2bc4a4 + +As you can see from the billions of FTD's in 2004, Market makers started selling Retail, IOU's. Cash always settles before stocks in the settlement process. When there is a blockage for the market maker, the system generates a IOU. + +The system also generates an FTD. When the DTCC comes asking for the shares, they show them far our of the money options, probably penny options, to the DTCC who adds up "long positions" then gives the market maker a seal of approval. + +The market maker then packages the large option positions and sells to a foreign extension of themselves where the FTD's are stored. + +&#x200B; + +Stick that in your back pocket. We'll tie that in, in a minute. + +&#x200B; + +Articles of interest with hidden information. Take note of the system risk involving what they found in Refco to American markets, and the "DEBT" in the 2nd article that led to the CEO release. + +&#x200B; + +https://preview.redd.it/87766vlbszf71.png?width=756&format=png&auto=webp&s=43ff4e765ce02336e86d101f58d0efaa18b76d97 + +https://preview.redd.it/r398xzc0tzf71.png?width=808&format=png&auto=webp&s=8a033eb383638896369afc65928396dc2efebaf3 + +&#x200B; + +[\\"The firm owed hundreds of millions of dollars that had been thought owed by others\\"](https://preview.redd.it/n4icrpdttzf71.png?width=813&format=png&auto=webp&s=4d7e7f6c31346e7550dde6f2835f18912f237360) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +What these articles tell us is that at some point in the early 2000's, market makers started selling retail billions of IOU's, pocketing the full price of the stock, packaging trillions of FTD's into options, then shipping those options off to extensions of themselves in FTD graveyards. + +The debt attached to each and every FTD, are date specific, The price the market makers were paid, is the same owed. That never goes up or down. + +What does all of this mean? The totality of the American debt, the entire American middle class, is sitting in foreign FTD graveyards, waiting to be discovered. + +Welcome to the bottom of the rabbit hole. + +&#x200B; + +Edit: I am not a writer and sometimes I forget that what I know, others may not. So, Refco scandal. If you read the Refco scandal you will see the original DD they conducted to try and hide their debt. This was put to use. + +&#x200B; + +https://preview.redd.it/wedrvl3lz1g71.png?width=1613&format=png&auto=webp&s=4b40913500b12a82f840c939ba8d01f3f3cd1497 + +https://preview.redd.it/orp0x50ry1g71.png?width=1618&format=png&auto=webp&s=d323d625838cb9823b7f5b1183e0e2c4722db226 + +The piece of evidence that prosecutors would not disclose to the public in this case was said to be toxic in nature to the markets. I speculate these were FTD's. + +&#x200B; + +https://preview.redd.it/nl19mk13qzf71.jpg?width=801&format=pjpg&auto=webp&s=eb45554f3cbf849e34d04deec7b58da3ba8ff47e +Hi all, + +Do you trust the likes of SpecSavers etc when it comes to eye tests? As eye care is not covered by the NHS, I feel like their priority is to flog you products with the results rather than provide imppartial good advice on healthcare. +I’m sorry if this is a bit of an emotional rant but I feel like I’m completely out of options at this point. + + I’ve been living in an apartment with someone I consider to be a very close friend of mine. We got a year lease and for the first few months everything was fine. About 4 months ago she told me she was having money problems and asked if I could cover for her part of the rent. I’ve known this girl for years so I said yes (like an idiot) and 1 month of covering for her turned into 2 then turned in to 3. Finally during the beginning of July I put my foot down because I literally didn’t have anymore savings and said I can’t cover for her anymore and she needs to pay her portion this month plus what she owes me or I’m taking legal action. She agreed and electronically paid me $2,800 ($700 for each month she didn’t pay) and I thought that was the end of it. + +This morning I got back from work to her being completely moved out of the apartment and a chargeback on my account for $2,800. I frantically tried calling my bank but since we used a 3rd party money app they said to contact the app instead which has so far been useless. I’ve been trying to get in contact with my roommate non-stop but it appears I’ve been blocked on everything. She has a step-brother who’s number I have but he hasn’t returned any of my calls yet. I have no idea what to do and have been freaking out/crying all morning. I live paycheck to paycheck and after covering rent for my roommate the past few months my savings were all depleted. I desperately needed that $2,800 for bills, food, medicine, etc and now it’s all gone and I have less than $50 in my account. I feel totally cheated and scammed by someone I thought I could trust. I don’t make enough on my own to pay the bills so I’m really desperate as to what to do. +Assume an average salary of $70,000. +After taxes, rent, expenses (including debt/loans), and miscellaneous other expenses, I don't understand how anyone is able to save enough money to afford a house, a college fund for kids, a car, rental properties/side businesses, etc. + +Even assuming 0 debt, the take home pay after most expenses will have to accumulate for seemingly many, many years just to afford a down payment on the average home in my area ($500k). And after that, all of those savings are consumed with the house and you are back to 0 to save up for the next big purchase (now also deducting mortgage payments from your income). + +Can someone break down how this may be possible. I'm not talking about my financial position below, but it just seems totally unrealistic to me for someone in my area and I don't know how anyone can do it without family money, getting really lucky, or sinking yourself into super debt (mortgage, loans, credit cards). + +Basic assumptions: $70k salary. 0 Savings at year 1. 0 debt. +Want to: purchase $500k house, start a small business (think convenience store, liquor store, other small business) for maybe $400k(?), a car ($20k-$30k), support a kid/kids (maybe college fund), save for retirement. + +Can anyone provide insight or maybe lay out a potential plan that someone looking for these things might follow? + +Thanks +We have recently reached over 4 million users in the r/cryptocurrency which is nothing short of amazing. There has been a big influx of new users to this sub and as such I wanted to contribute something that will help those who are new to cryptocurrencies to understand a bit more about top 10 cryptocurrencies by researching the PROs and CONs of each of the top 10 crypto coins. For obvious reasons I skipped the stablecoins. + +&#x200B; + +Are you new to crypto? Welcome! Veteran trader with no emotions left? Welcome bud, have a seat and light up that cigar. + +This took a long time to research and write-up everything so if you enjoy it, I appreciate your feedback. + +&#x200B; + +Alright, bring your cocoa and get cozy, Papa is ready to tell you about these bad boys. Let's start from the top; + +&#x200B; + +&#x200B; + +# #1 Bitcoin - BTC + +&#x200B; + +**The grand-daddy of crypto. The biggest and the meanest. The all-father.** + +&#x200B; + +\+It is the biggest and most stable crypto out there, everyone knows it and the community that supports it is the largest. Institutions, funds and companies hold BTC and the number of them is increasing every day. + +\+Safest bet in cryptoverse and only 21 million of BTC will ever exist. A lot of that BTC has been lost forever and as such illiquid. + +\+It's a synonymous with the word crypto and digital gold for a good reason. It's considered one if not the best store of value to hedge ever increasing inflation! + +&#x200B; + +\-Movement is sometimes slower than altcoins. + +\-Transactions are slow and can get pricey even though Lightning network updated is trying to fix the scalability issues at the cost of + +\-Smaller potential for high returns + +\--------------------------------------------------------------- + +&#x200B; + +# #2 Ethereum - ETH + +&#x200B; + +**The original altcoin and second biggest crypto right after BTC.** + +&#x200B; + +\+Insane support for dapps, smart contracts, defi and so on + +\+Good support even in dips + +\+Very good support in community + +&#x200B; + +\-We are still waiting for full Ethereum 2.0 release + +\-Transaction fees can get outrageous, be vary when transferring to wallets + +\-Other altcoins are slowly gaining on ETH in terms of tech, smart contracts and other aspects + +&#x200B; + +\--------------------------------------------------------------- + +&#x200B; + +# #3 Binance Coin - BNB + +&#x200B; + +**Utility token that wanted to become more** + +&#x200B; + +\+Big popularity among Binance users and others + +\+Fast transactions, low fees and constantly getting burned which lowers supply cap + +\+Allows cross platform usage with Binance Smart Chain (BSC) + +&#x200B; + +\-Centralized AF + +\-Binance is a Chinese led company which is a concern on it's own + +\-BNB is almost a complete copycat of Ethereum and has had very few new developments over the years. + +&#x200B; + +\--------------------------------------------------------------- + +&#x200B; + +# #4 Solana - SOL + +&#x200B; + +**Recently Solana has shoot up the charts and claimed the 4th spot. Good base with a solid ecosystem and a bright future. Pun intended.** + +&#x200B; + +\+Solana Ecosystem is extremely fast and efficient + +\+The fees are extremely low, typically costing 0.000005 SOL, or about $0.001. + +\+It successfully hosts over 250 applications on its ecosystem and an unique Proof of History system. + +&#x200B; + +\-Very centralized which showed nicely on Sep 14, when team took down the network due to technical issues. Also heard in "D in Solana stands for decentralized". + +\-Proof of History consensus is still in early stage of development and hasn't been tested as much. Number of validators is low and has some really BIG whales. + +\- Same as other PoS systems it's typicalls prone to micro transaction attacks like Nano in 2021. + +&#x200B; + +\--------------------------------------------------------------- + +&#x200B; + +# #5 Cardano - ADA + +&#x200B; + +**Child of Charles Hoskinson which has been growing steadily despite recent dips. Recently implemented long awaited smart contracts.** + +&#x200B; + +\+Super easy to stake it and reap rewards with Yoroi and its DPos staking buit in right in the app! + +\+Cardano has support for native tokens without any need for smart contracts meaning that you don't need to pay for gas fees on it's network. + +\+Cardano has a massive support from the followers and Charles is a very likable face of ADA. + +&#x200B; + +\-Recent smart contract upgrade didn't live to the hype. + +\-Cardanos main thing was cheap and fast transactions which many of the other PoS coins now have and more. + +\-Staking on Cardano is great but competitors like DOT take it to a higher level. + +&#x200B; + +\--------------------------------------------------------------- + +&#x200B; + +# #6 XRP - XRP + +&#x200B; + +**The good ol XRP which SEC is still trying to take down and keeps failing at every step.** + +&#x200B; + +\+Close to 0 transaction fees (0.00001 XRP per transaction)) and super low environment impact with low energy consumption + +\+It still has a MASSIVE fanbase despite SEC fiasco and large organizations support it + +\+There is a lot of talk about XRP becoming a big gaming-oriented currency (unreliable sources) + +&#x200B; + +\-The lawsuit. + +\-Big market supply that was pre-mined by Ripple. + +\-There are many competitors that do most of what Ripple does with better tokenomics. + +&#x200B; + +\--------------------------------------------------------------- + +&#x200B; + +# #7 Polkadot - DOT + +&#x200B; + +**Let's Polka! Very popular crypto nowadays with their recent release of crowdloans.** + +&#x200B; + +\+It's already solving the scalability problem faster than ETH is! Excellent transaction speed and very low price. + +\+Amazing support by the developers and superb PoS consensus with crowdloans + +\+Amazing ecosystem that hosts over 490 projects that are built on Polkadot + +&#x200B; + +\-Crowdloans are locked for 2 years on DOT which is a LONG time in crypto + +\-Same as other PoS systems, there are WHALES and a lot of them. + +\-Absolutely foolish system of having to keep minimum 1 DOT in wallet to keep it alive . Also not very newbie friendly due to the massive amount of options that they give to users. (You can also count that as a PRO if you are experienced). + +&#x200B; + +\--------------------------------------------------------------- + +&#x200B; + +# #8 Terra - LUNA + +&#x200B; + +**A very hot L1 project that you probably heard about LUNA recently when it started it's rocketing to the...LUNA?** + +&#x200B; + +\+Fuels whole Terra network and supports Terra stablecoins and payments. And Terra has a really deep wallet and they are using it to support their project. + +\+Allows swapping of stablecoins which makes Terra awesome for cross border payements. The Mirror and Anchor protocols on Terra are impressive. + +\+LUNAtic community of supporters and some big names of the industry world + +&#x200B; + +\-Stablecoins are not backed by cash so it can crash the price of LUNA. Regulation on stablecoins can affect it. + +\-Regulators be eyeing Terra like (≖ ͜ʖ≖) + +\-Tokenomics are sketchy and we still don't know how exactly that went down back in the day + +\--------------------------------------------------------------- + +&#x200B; + +# #9 Avalanche - AVAX + + **The fastest smart contracts platform in the blockchain industry.** + +&#x200B; + +\+Easy porting of Ethereum Dapps or even other blockchain to AVAX + +\+Good decentralisation, low fees, superb customization + +\+Latency or "finality" of Bitcoin is 60minutes, Eth is 6 minutes but Avax claims sub 1 second finality that is completely irreversible and has ability to process 4500 TPS! + +&#x200B; + +\-Recently AVAX got overwhelmed by the sudden rise of users and the fees went almost ETH levels. + +\-Not as many projects built on AVAX compared to others on this list and staking options are odd and unflexible. Poor user experience and newbie unfriendly. + +\-Some people argue that AVAX security is poor since they dont enforce shared security across the network unlike Polkadot. + +&#x200B; + +\--------------------------------------------------------------- + +&#x200B; + +# #10 Polygon - MATIC + +&#x200B; + +**Polygon or formerly Matic is a L2 scaling solution on ETH network.** + +&#x200B; + +\+Enhancing ETH network with its solutions = ETH with cheap gas fees!!! + +\+Good support of the fanbase and strong DeFi integration support + +\+Extremely low fees (you get enough MATIC from a faucet to perform 10 transactions!) and great TPS on sidechains + +&#x200B; + +\-There is a doubt that Eth 2.0 could make it obsolute (Vitalik denied that though) + +\-Long, long, loooong accumulation time which put off some people from investing in Matic + +\-Many L2 competitors such as Loopring, Arbitrum (which our moons run on), Optimism and so on + +&#x200B; + +\--------------------------------------------------------------- + +&#x200B; + +This is it guys, Top 10 cryptocurrencies summed up! I've been researching for a long time and it took a few hours to write this up and try to present the pros and cons in an understandable way. I very much hope this write-up helps you and if it did, I highly appreciate your feedback. It helps immensely with my motivation to keep writing posts like this. Any thoughts, recommendations or anything are more than welcome :) + +&#x200B; + +Have a superb start of the week my people! Let's wake up into green. +**Edit:** Thanks for clearing that up. Since she is volunteering her time for work, it's not unpaid overtime, and she is not due any compensation. The fact that her job is hot garbage is probably a topic for a different sub. :) + +--- + +My wife works from home as an hourly data processor in Louisiana. She is given what probably amounts to 10 hours worth of work every day and is expected to complete it in 8 hours. To accomplish this, she works through her 30-minute lunch break probably 80% of the time, and she logs out somewhere between 5:15 and 6:00 instead of 5:00 as scheduled. + +Any requests for compensation are reprimanded as "unapproved overtime," though I don't think she's had any explicit denials. But the hostile responses make her hesitant to request or report it at all. + +She seems to think that because she was not given prior approval to work over 8 hours per day, that she's "volunteering" her personal time in order to make her next day's work easier, but I disagree and think she's due full compensation, plus 1.5x for anything over 40. + +FLSA seems to indicate that her after-hours work is due, but it's a little fuzzier on the lunch period. It sounds like she should be compensated for "any time during which [she] must work, even if [her] employer calls it a break." But she's not being explicitly asked to work overtime, so I'm not sure what to make of it. + +Granted, if it were me, I would work the 8 hours and whatever didn't get done would go in the "fuck it" pile, but we don't see eye-to-eye on the situation. Despite the fact that her job is low-paying ($14/hour), objectively terrible, and she's treated like crap, she's terrified of losing it and having to find something new where she'll have to get up and get dressed to go to an office. + +So, on to the questions: + +1. Does the lunchtime and after-hours work both count as unpaid overtime? +2. What options does she have that don't risk her job? + +--- +**tl;dr:** My wife works through lunch and after hours almost every day, is she due compensation? +My husband and I file as married filing jointly but have very disparate incomes (my base is $45k per year with potential overtime, his is $95k per year with potential bonuses) . We both claim 0 exemptions on our W-4s every year and even though he contributes about $100 extra in federal tax every pay period, I contribute about $30 every pay period, we still always end up owing. This last year we owed nearly $2k. + +It's so frustrating because I don't know what else to do in terms of our taxes. If I'm not claiming any exemptions why isn't the deduction they're taking out every pay, even not considering the additional withholding, never enough to cover the liability? I don't need a refund, I just don't want to owe anything at the end of the year. +This is especially more applicable for newbies who completely give up on Crypto as a whole after they see the slightest of losses. Cryptocurrencies can be very emotionally draining, especially at this stage of the market when everything is down from their all-time highs. + +Honestly, even if you "only invest what you can afford to lose" it is still a bad sight to be down from your previous investment. A lot of people new to crypto sell at a loss because of this and regret it when the market ultimately recovers in the long run. Always DCA and bring down your average for the maximum benefits. History has shown that dips in Crypto are nothing but great opportunities + +TLDR: The best thing you can do currently is to not sell. The dip you see currently is nothing compared to what happened just this year alone. Selling now will only make you feel worse after the market recovers. You do NOT make a loss until you sell for a loss! +Seems like everyone is talking about tech stocks lately and trying to find the next big thing, just seems a bit familiar from the dot-com bubble and bitcoin mania.... Weird hearing people talk about stocks who wouldn't normally have any interest. + +What are the odds of nasdaq100 blowing up if it continues at the rate it does... I'm guessing smart money and institutional investors exit when nasdaq100 if hits 19,000 within the next year. Or should we dump more money in now and ride the wave when it does become full blow mania? + +Could anyone perhaps explain their experience if they were trading back in dot-com boom days? +How do I establish my bottom price? (If course i won't tell agent). How do I know when to take an offer or keep the place on the market? What are the tricks do I need to be aware of? +Experiences welcome +House is in middle ring Brisbane. +So CBA (and other banks shortly) just announced they are passing on the full 0.25% rate rise to consumers. However they have also previously bumped up interest rates in anticipation of rate rises. + +Does this mean they are just double dipping on the rate rise and pocketing the difference as profit? Or am I missing something? +Is it worth it for me the do a cycle to work scheme? Salary sacrifice? Joining the union? How do I stop being taxed despite being wayy under threshold at the moment. +ALERT SMALL SPOILER ABOUR THE LOST + +OK. small post big meaning ! + +I don't remember the episode but it's easy to find . + +Do you remember how they open the hatch door get open . NO (LOL) . +THEY BLOW IT UP with dynamite. OK, how they found dynamite at a remote island ? +There was a pirate ship around there . PIRATES = DYNAMITE AND GUNPOWDER . + + +GUESS THE NAME OF THE PIRATE SHIP ! + +BLACK ROCK !!! ( [https://lostpedia.fandom.com/wiki/Black\_Rock](https://lostpedia.fandom.com/wiki/Black_Rock) ) + + +AND After that, they blow up the door with a stick of dynamite that they get from black rock . + +This can mean many things . It's up to you what hehehe ! + +EDIT1: 🦍💎👐=🚀🚀🚀🚀🚀🚀🚀 🚀🚀🚀 + +EDIT2: HERE COMES THE SILLS ATTACK ! + +EDIT3: HOLY MOLLY thanks for the awards . And I see some other Apes have noticed that and make a post about it . VERY GOOD WE ARE STROONG AF !!! +Go look at any Skycoin thread. Almost every single comment will be by a commenter that has only ever posted about Skycoin. I see this happen with other shitcoins, but Sky is by far the worst. + +Edit : 95% of the commentators on this thread are paid shills / bought reddit accounts. +I want to diversify my portfolio to 4-5 cryptos and then sign off. +Now I hold XRP, XLM, BNTY, DENT and BLT. I'm partial towards selling off BLT and either strengtening my position in XLM or getting on either VEN or ICX. Any advice on a stable portfolio for 1-2 years? + +Seriously, I can't stress this enough, more and more countries are making cryptocurrency related rules, your coins at risk of being locked away or confiscated from you, all from a single law. Centralized exchanges are forced to comply with these rules, you could lose all your crypto in any time. + + + You may be wondering where do I put my coins in. What's the alternative to centralized exchanges you may ask. The answer is simple. You need to have a crypto wallet to store your coins.There are some apps on android, IOS, windows and others, make sure your DYOR to get the right one. As the saying goes : "Not your keys, not your coins". And even better, store it in a hardware wallet if you have a large sum of money in crypto. And then you have to try decentralized finance or DeFi for short. You can look into the well known ones like Aggregated Finance, PankakeSwap or Aave. + + + +In conclusion, not your keys not your coins, so store your coins on hard wallets and try out DeFi instead of using centralized exchanges. +I can understand that money makes people become quite a bit more anxious than normal. But it seems that lately (The last two/three months or so) that any time someone has an issue with coinbase. The first thing they do is: + +1. Make a post to /r/Bitcoin. +2. Scream for visibility so coinbase will see it. +3. Cry foul about how they have been cheated out of money they earned. +4. Scream (again) how Coinbase is taking their profits. +5. Then maybe send in a support ticket. + +Please understand that this company is a start up that is trying to offer a service in a volatile market and is going through growth pains. We do not need a new Coinbase thread on this forum everyday. Send in a support ticket. If after a 2-5 days that doesn't get responded to maybe send in another support ticket and then **maybe** make a reddit post. + +I think people on this subreddit are too quick to scream foul on one of the most legitimate companies in the Bitcoin community (At least one of the most legitimate ones I've dealt with). You guys are unfairly giving this company a bad wrap. + +Just imagine the number of people opening up new accounts each day, the increase in buying and selling that people are doing and the amount of transactions they have to deal with. This isn't a bank, this is a small start up dealing with a ever growing number of customers and an exponentially rising amount of money. + +[https://imgur.com/bXLI1uA](https://imgur.com/bXLI1uA) + +[http://openinsider.com/INTC](http://openinsider.com/INTC) + +Some of the directors increased shares owned by over 70%. + +Seems like relevant news. I don't know what's going on with internally, but these trades happened 5 days after the decent earnings and the subsequent drop of 10%. Don't know why the stock dropped, but considering they beat analyst expectations by 60+% it seems like an interesting value proposition compared to the competition. + +(values in $B, 2020 annual figures) + +|Company|INTC|NVDA|AMD|ASML|TSM| +|:-|:-|:-|:-|:-|:-| +|Revenues|77|17|10|16|48| +|Earnings|21|4|2.5|4|18| +|Market Cap (based on current prices)|200|633|150|335|600| + +&#x200B; + +Edit: Thought more recent data is more relevant, so here's the updated table. + +Same table, but with 2021 q3 values from yahoofinance + +|Company|INTC|NVDA|AMD|ASML|TSM| +|:-|:-|:-|:-|:-|:-| +|Revenues|19.2|6.5|4.3|6|14.9| +|Earnings|6.8|2.4|0.9|2|5.6| +|Market Cap (based on current prices)|200|633|150|335|600| + +&#x200B; +I was going over past media coverage of $GME. You all remember this bit by Cramer https://youtu.be/toIi8kPU0m0 + +I noticed that he's not actually talking to us, the retail investor. Instead, he's talking to our family, friends and our social network. The people who tend to listen to him, the ones who want to be saved by the Fed Resrve and Wall Street. The ones who have so much to lose. Let's be honest, since when the retail investor turns on the TV to see his bits (maybe I'm wrong, tried looking up demographics for Mad Money with no avail - prove me wrong pls). His tactic (including the media) is simple "psychological coercion" in a way to build walls between us internally and between our loved ones and families. Like the other day a colleague of mine asked me "are you still buying that gme stock". I lied and said "nah I'm broke". He replied back "ya I wouldn't recommend this shit". + + +Source on psychological coercion: https://www.theneurotypical.com/psychological_coercion.html + + +How Do They Work? + +The tactics of psychological coercion often involve anxiety and stress, and fall into seven main categories (snippets of the ones that stuck out to me). + +2. Establishment of control over the victim's social environment, time, and sources of social support by creating social isolation; removing contact with family and friends who promote self-esteem, independence, positivity, and sense of well-being. Economic controls may contribute. + + +4. Forcing the victim to re-evaluate the most central aspects of his or her experience of self and prior conduct in negative ways. The victim is made to feel like a "bad" person. Efforts are designed to destabilize and undermine the subject's basic consciousness, reality awareness, world view, emotional control and defense mechanisms. The subject questions, doubts, and reinterprets his or her life and adopts a new "reality." + +5. Creating a sense of powerlessness by subjecting the victim to intense and frequently confusing, conflicting actions and situations which undermine the victim's self-confidence and judgment. + +My suggestion, don't tell anyone about your investments (including family) - keep everything private. when in doubt (hope by now you're not) keep coming back to the DDs and the wrinkled brains. + +More shares coming for me. This is just my opinion - do whatever the F you want to do. +I’m starting to learn more about options however i’m confused on why traders would day trade options over shares. I know that the price movement of an option relies on the underlying stock it’s attached too. + +So why would someone prefer to trade options instead of the actual stock? Are there less risks, higher payouts, easier? Just confused on what people get out of trading one over the other. + +Would appreciate any response thanks. +Been trading for about 2 months or so and I’m at that point where I’ve had a few very profitable days ( other really small green day’s) but also a lot of red day. Always feels like it’s 1 step forward, 2 steps back. It gets frustrating seeing your account bleeding little by little by paper cuts. How long did it take you guys to become consistently profitable? We’re there any “aha” moments? + +Edit- thanks everyone for the insightful comments. I’m reading all of them. I appreciate it! +Until you have it cashed or deposited, it's vapor. It's a promise that has been sizzling since August and maybe prior. + +It's a "vote for me!" Promise; a carrot to get you to the polls. + +It may arrive. It's not a certainty. + +It's not worth counting in your budget until it actually arrives. +&#x200B; + +[The email I changed the decimals on the interest rate to make it more difficult for fidelity to line up my identity with my reddit account. I can provide proof to mods.](https://preview.redd.it/a2eobpc1m0591.png?width=1736&format=png&auto=webp&s=bbece622f811a042521ba0349b1ed78d79e4b73c) + +Hello apes, I'm a high XXXX holder, got into this Nov 2020. + +I've gotten two emails like this, both times, I didn't enquire about the lending program at all. For the interested parties, these are the shares in a Roth and 401k that \*\*I don't want to\*\* ,"this is the way" DRS. I have other shares I have DRSd. + +The first one, sent beginning April, was promo for their fully paid lending program, didn't mention GME specifically, I had to go on the website and fill out information to find out Fidelity was offering around 3% for GME. I had a talk with the rep to see if they were willing to get their interest rate up. + +I also had a banner in my positions page that provided a link to Fidelities fully paid lending program. + +Now, with this latest email. + +If I lent my shares, that would be providing around 25K a month extra income. That is insanely tempting. So that got me thinking, **how can high XXXX shares be worth their time?** These **rates are too good to be true** and how the large financial institutions must be planning to fuck us because anyone paying that interest rate, let alone the higher rates we have been seeing, is going bankrupt. + +I don't think the shares in my Fidelity 401k and Roth that I bought since 2020 are settled in my account. I think the majority of them are IOU's from the "infinite liquidity"(LMAYO) "service" that Virtu and Citadel provide. If that is the case, **is Fidelity on the hook for delivering their shares and are my non delivered shares Fidelity's liability?** + +In my view, the synthetic/counterfiet shares number in the high 100s of millions. This leaves the financial industry with a huge problem. I believe that the short position on GME is hidden in swaps and a low probability that I have actual shares in my 401K and Roth. + +[A convenient gap in reporting swaps is suspect as fuck and confirms my bias.](https://preview.redd.it/s5vqnym6s0591.png?width=623&format=png&auto=webp&s=195ef47fe68925cc71b58944311bf36a4a5dcdba) + +I want to run this by the wrinkle brains. Could the financial industry conspire to fuck people out of their GME shares with this plan? + +1. Load one entity, maybe a prime broker or the one(s) that hold the swap with citadel, with all the shorts possible. +2. Tempt apes with a super high interest rate to lend their shares to said entity. +3. Apes lend to said entity. +4. Entity goes bankrupt, apes loose their shares but receive collateral provided by the Master Securities Lending Agreement. + +This allows the brokerages to drain the short sellers with high interest rates and effectively purchase gme shares for way less than they are worth as brokerage would simply lose it's collateral to the ape lending. + +This would allow brokerages to drain the shorts with high interest rates, helping bankrupting them, and perhaps synthetic shares are lost/destroyed during a default? + +&#x200B; + +https://preview.redd.it/nel5uf67r0591.png?width=374&format=png&auto=webp&s=e96d29267e69ae190ba9bf6782e49d15dde2b3a4 + +[From the pdf for Fully Paid Lending Program](https://preview.redd.it/5hyoa4cfr0591.png?width=384&format=png&auto=webp&s=c57b584b9b4bfc34ba99422ff6445588924ab90f) +Had to go to the ER and was wondering how you can throw money at it to make it a better experience. Usually there is no sense of emergency in emergency rooms if you are bleeding and a bone is sticking out of you leg. + +So when me or my family have a pain that might require MRI, x-ray and other sort of testing that is usually found in hospitals, where should I go if money is not a limiting factor? +Assembly Bill 1482 was signed into law yesterday (10/8/19) by Governor Newsom. Basically, here is a quick breakdown of it for anyone not aware. + +\- Law is effective 1/1/2020 but also rolls back to 3/15/2019 (meaning if you raised rent 10% within the last 7 months...you need to correct it or will be liable for damages). + +\- This law effects ANY property in an LLC / Corporation (if a SFR is in an LLC...it is effected) AND effects properties that are 2 or more units (2+ unit properties even if they are NOT in an LLC/Corp). + +\- Every tenant, in a property affected by this law, must be sent a 'rent cap and just cause eviction' addendum created by C.A.R. come 1/1/2020. For any new leases after 7/1/2020, the C.A.R. addendum 'rent cap and just cause eviction' is considered 'best practice' to be attached with the lease contract. + +(As pointed out by /aardy, this is likely not a document accessable to the public. Don't know how this will be implemented) + +\- If a property is exempt from the new law, a notice is required to be given to the tenant. If the exempt notification is not provided...then the property/owner is not exempt from the new law. + +\- Properties effected by this law have a rent cap of 5% over CPI (Consumer Price Index). Owners cannot legally raise rent more than 5% + CPI annually. Owners can not raise rent more than once a year...even if the initial rent increase is below 5% + CPI. + +\- Tenants living in properties effected by this law are under 'just cause eviction' + +\- Owners cannot terminate tenancy 'at will' and must pay a relocation fee to remove a paying and 'just' tenant. This means paying the tenant 1 month's rent, or forgo the last month of rent from the tenant. If you are to pay the tenant, it must be within 15 days of notice. If the Owner is not paying the tenant but forgoing last month's rent, then they must notify the tenant in writing of this. +I am pretty new to real estate. How do you know that it is a good or bad time to invest in real estate and in what area is the best, is there a website or some sort of chart? Thank you. +I would consider myself a very moral person, I invest but I'd still rather money go to the average person than a corporation. Like if a large company i have money in gets slapped with a deserved fine or lawsuit im happy even though I will lose money + +I could never invest in tobacco, oil, defence, MLM stocks like herbalife, diamond mines, huge shady banks like goldman, or just morally abhorrent companies like nestle and Monsanto + +I know you could make the argument that every company is actually morally abhorrent because they exist solely to make money and I'd agree with you, but in a late capitalist world where the wealth gap is higher than ever and social climbing is at the lowest it has ever been you have to make bread in some way or another + +I absolutely loathe war profiteers, I loathe tobacco companies because my grandad died of lung cancer, I loathe mlm stocks because they trap average working people in debt, I loathe diamond mines for creating artificial scarcity and for hiring mercanries to murder striking diamond workers. So why would I give my money to any of them and contribute to helping them reach their goals? How would it be moral to profit off these bloodsucking leeches? + +I know wallstreet is sociopath/psychopath central, I mean they collapsed the global economy in 2008 because they were making so much money fucking over the average person but I really hate that attitude that you should leave morals at the door when investing. With that attitude these companies will continue to exploit and hurt people, "someone has to profit why not it be you?" why does anyone need to profit off it? I have seen a few comments on reddit saying that they would invest in a company even if it used slavery which I find sickening + +Does anyone else not invest in certain companies/industries out of their moral beliefs or do you leave morals at the door? +It's taken a lot of work and change over a long period of time but I finally achieved a random goal I had of [maxing out one years ISA contributions.](https://imgur.com/080aRJZ) + +Add this to the list of appreciation posts because the fundamental principles found in this sub were crucial in achieving this. +Do not ever cosign a loan for someone else! That includes family and friends. If they do not qualify for a loan, there are reasons why. Let them either work at getting a larger down payment or improve their credit history. + +Do not put yourself in a situation where the actions of someone else can influence your outcome. There is hundred of things that can happen that will not allow them to pay and you will be left with the burden. + + +I cosign a car note for someone and they wrecked the car, insurance didn't cover it and they decided to stop paying because (insert bullshit reason she gave me) and split. I was left to pay the remainder. I will take her to small claims court but dought I will ever get anything. + +So kids, don't do it! Not even once! (Or maybe do it) + +*EDIT: I was a bit extremists, there are occasion that you can, mostly family and partners if you can really really really really trust them and you have the capability to take a financial hit. + +But in vast majority of cases it is not a good idea. +Some people have been saying that they want more "fire sales" so they can add to their GME collection. However, GME is on sale right now, despite the $20-$30 swings. + +Keep in mind that this is going to blow up into the thousands soon and I don't know about you guys, but I don't have thousands of dollars lying around in cash that I'll be able to pull out for more GME. Not to even mention the hundreds of thousands or potentially, the millions, at which point we're just hodling. + +Therefore, buy more now. Don't wait until its too late and then regret not buying when it was in the $200s. Remember when GME was at $2? Remember when it was at $50? Remember $90? Pretty soon we'll be remembering $200 in the same vein. All you single share holders should try and double your tendies. + +Keep up the demand for GME, let the hedgies know we still have ammo and don't let them breathe. + + +Disclaimer: This is not financial advice. NEVER take a loan to buy any stock or coin. NEVER spend more than you can afford to lose. NEVER invest when you're feeling emotional/hyped. If you feel like you need to buy more after reading this, turn your phone off, go do something else and come back in an hour and evalutate if you do want to buy more. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/wedijp/drscomputershare_megathread_082022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Hi All, + +I've limited myself to spend 50k only from my Credit card monthly , provided limit 4 LPM ..i always keep my credit usage amount separate as i use the card. + +I wanted to know is there any way wherein i Invest 50k for a month and earn some interest on top of it and pay the monthly credit card bill with the money i Invested.. are there any better ways of doing something like this ? +We live in VHCOL area where teachers have to commute long hours, soccer coaches have to coach many teams and work in Starbucks to make ends meets, cleaning staff never take any vacation for the 10 years they have worked for us (We use their service once a week). + +I wonder how much do you usually give for holiday seasons? For example, the soccer coach, I want to give enough for him to enjoy the nice holiday but don’t want to feel like I am bribing him. + +I think we give generously and when we share with friends, they are surprised on how much we give. A lot of websites that we Google (ie $15-$20) seems too little for VHCOL area. +Currently, karma is counted towards the monthly moons distribution even if the moderators remove content from which the karma is earned. The reason for this stems back to when the community use to have an event called Weekend Memes. The intention was to count karma even though all meme posts were removed on Sunday at midnight when Weekend Memes ended. + +&#x200B; + +Since Weekend Memes was discontinued several months ago, this concern is no longer valid today. It makes logical sense to only award moons to content which does not break the rules. **If the act of breaking the rules means being rewarded, then why have rules in the first place?** The consequences need to be consistent. We don't want upvote parties or brigades to be further incentivized. + +&#x200B; + +In this poll, I propose not awarding moons to removed content, whether it is a submission or a comment. If a submission is removed, **comments in the corresponding comment section will still qualify for moon rewards.** However, comments which break our rules in these particular comment sections will still be disqualified from moon rewards. Also to clear up any potential confusion, deleted content will not be affected. If you delete a submission or a comment of yours, the karma from this content will still be counted towards the next moon distribution. In Reddit language, content removal is performed by a mod or admin and content deletion is done by the original author. + +&#x200B; + +As a reminder, this poll has been submitted twice already. Here are links to the [first](https://old.reddit.com/r/CryptoCurrency/comments/nb25pk/dont_award_karma_for_moon_purposes_to_removed/) and [second](https://old.reddit.com/r/CryptoCurrency/comments/o4z3aw/disqualify_removed_content_from_earning_moon/) attempts. The first poll had 2.2 thousand votes and 7.2 million moons with 68.7% in favor and 31.3% against. The following poll had a much better vote to moon ratio with 7.4 thousand votes and 7 million moons with 74% in favor and 26% against. They did not pass since the moon decision thresholds were never reached, even though the voting majorities were in favor. Since the moon thresholds for the prior polls were never reached, the proposal technically did not fail. It just is not settled yet. In order for the proposal to be truly settled so we can declare it has passed or failed, **we need a majority voting in favor or against it with the moon decision threshold reached**. + +[View Poll](https://www.reddit.com/poll/oy8aks) +/u/MartyMoho is one of the true original gamblers of WallStreet**Bets**. + + + The Legend of MartyMoho begins on March 23rd, 2017 when he posted a [$1,000,000 position in Micron](https://old.reddit.com/r/wallstreetbets/comments/6100ug/1m_in_mu/) (MU). This was roughly 55% shares at a $26 price average, and 45% calls split between ITM and OTM. + + +Micron held an earnings report later that day and the results were much better than expected. Micron delivered, skyrocketing afterhours over 10%. Marty woke up the next morning up over $600,000. + + +What made this even more impressive is that Marty was not some ultra-rich billionaire with a highly diversified portfolio of assets. No. Micron was the only company he owned, and this was his entire portfolio. + + +[“Ah, well, I've only owned $MU or its derivatives for almost two years. I swing traded $AMD a little fall of 2016 but essentially that's all $MU”](https://old.reddit.com/r/wallstreetbets/comments/82gu6q/my_adventures_in_mu/dv9ypbe/) + + +Marty continued to hold positions in Micron over the next year, and his account reached a peak value of [$2,500,000](https://old.reddit.com/r/wallstreetbets/comments/86e49c/1_year_after_1m_in_mu_23m_in_mu_calls/) from his original $200,000 in September 2015. A 1200% gain. + + Marty wasn’t finished though, the money, the shitposting, the endless call outs of Jim Cramer on twitter (@MartyMoho) wasn’t enough for him and in true wallstreetbets fashion, he needed more. + + +On March 22nd, 2018 Marty bet all $2,300,000 on $MU calls set to expire over the course of the next several months, a majority being OTM. $MU was trading at $54 that day, and his strikes were all between $50-$80. + + +Marty remained optimistic as $MU hovered around the same price over the next several months. But on August 30th, 2018 Marty started losing hope. On this day he made his final ever comment on reddit: + +[“I don't know, I expected at least a partial run-up but it's not materializing at all. If it doesn't pop after ER like it did this time last year, I'm pretty f'd”](https://old.reddit.com/r/wallstreetbets/comments/9bo1re/psa_mus_fy18_ended_today_tomorrow_is_fy19/e5exeux/) + + +$MU was trading at $53 when he made that comment, theta was killing him. But it didn’t get any better for Marty. $MU fell 40% over the next few months, all the way to $30 as his calls were expiring. $2.3 million lost, as the strikes were so far out of the money that even if he had sold, it would have been too late. They were worthless. + + +That was the last comment Marty ever made online, his Reddit, Twitter, and Stocktwits all stopped being active between August 30th and 31st, 2018. No one knows for sure what happened to him, but the speculation remains. One thing is for certain though. As quickly as he rose, he fell, and the legend of Marty is now just that – a legend. +I’m early in my career and have finally gotten to the point where my next job will make me serious money (from my perspective). Ironically I’m kinda burned out from tech/corporate and full-time work in general. + +I’ve been playing with the idea of taking a decent paying part time to free up time to pursue my interests. Many of which are entrepreneurial in nature and have the potential to grow into something bigger. + +For context, in the start of the year I made a 5 year Fi plan that included working full time in corporate to save enough to essentially hit Coastfire by 30. So this would certainly impact that plan. + +My main hangup with my plan is that I’m at a point where my earning potential is higher than it’s ever been before so it feels difficult to turn down the pay and benefits that come with working full time corporate. + +Has anyone done anything similar? Is it a dumb idea to go part time early in your career? I would really appreciate any advice you all might have! + +TLDR: Burned out after getting to the point of high paying jobs. Trying to figure out if part time work could be a good move or a terrible idea for FI. +https://www.cnbc.com/2022/02/10/january-2022-cpi-inflation-rises-7point5percent-over-the-past-year-even-more-than-expected.html + +Economists are expecting another hot inflation report, with the headline consumer price index running at a 7.2% pace in January. + +CPI is reported Thursday at 8:30 a.m. ET and is expected to show an increase of 0.4%, a slower monthly increase than December, which had a revised headline gain of 0.6%. The year-over-year forecast of 7.2% is the highest since 1982 and is up from 7% in December. + +Core inflation, excluding food and energy, is expected to rise 0.4% in January or 5.9% year-over-year, according to Dow Jones. That compares to a monthly increase of 0.6% in December and a year-over-year pace of 5.5% in the final month of last year. + +CPI is key for the markets since inflation is seen as a direct trigger for the Federal Reserve’s interest rate hikes, and economists are basing their forecasts for the central bank on how much they think inflation will slow from its rapid pace. The Fed has made clear it will fight inflation, and it is widely expected to raise interest rates multiple times this year, starting with a quarter-point hike in March. + + +EDIT: Link has been updated +I’ve gotten to a place where I am comfortable and relatively confident with every trade I make. Feel like I’ve conquered most of the psychological hurtles that have been setting me back, which is great! + +But! I am still struggling with a couple hurtles, and I was hoping some seasoned career traders could offer some advice. + +1- Still struggling with cutting trades too early for no reason other than fear of not locking in profits. My confidence wavers. +Good example is this morning. Entered long on ES at 4560.75 with a two point mental stop. Expected price to fill yesterdays value area (it did, and then some) so I set that as my profit target. Yet I cut the trade when price started consolidating around yesterdays POC and walked away with 7 points. Yeah, it was still a good profitable trade, but the trade was still valid when I cut it. Had I stayed in, I would have grabbed another 10 points. +I trade single lots, so I can’t really shed my position. + +2- I have a bad habit of not taking valid trades due to fear of giving back profits. I know defensive trading isn’t necessarily a bad thing, but I’m definitely leaving money on the table. + +3- I want to increase my position size, but holy fucking shit, every single time I do, I cut the trade at the first sign of trouble. Big fear hurtle here, and it’s really hurting my development. + +In summation, I’m a scared little bitch and can’t get over it. + +Any advice is greatly appreciated! +*The original Watch List Poster. Trade with the best or lose with the rest! Check the post history. This is a gap list, 2nd-day plays and charts that are not gapping with volume* ***WILL NOT MAKE THIS LIST.*** + +**All stocks on this list have a catalyst:** + +**Gap Ups:** ABNB, AMD, BBBY, CMPS, COP, CPE, CPOP, DNV, EDIT, ENTX, MRIN, NIO, NVAX, OXY, SM, SMPL, SPRO, THO, WBA, WNW, WOW, XPEV, ZIM + +**Gap Downs**: ALGS, NVCR + +&#x200B; + +https://preview.redd.it/u1cjncqkll871.png?width=451&format=png&auto=webp&s=2326bf711c6a6975acae7d866e6cc4d63aa4c5b5 + +**Outlook/Game Plan:** SPY gapping up pre market, QQQ gapping lower. Energy was the leading sector yesterday, Grocery stores, Coal and Luxury goods were the leading industries and still seeing movement in Auto Manufacturers. Lots of oil stocks moving pre market, a few earnings releases but not any great reactions. Intra day trading has been great but today is Thursday and Thursdays are usually some of the worst trading days over the past few months. I'll be more cautious than usual today and risk less than my regular position and may not make as many trades. Not much else to say, in a hurry this morning. Happy Canada Day! Good luck trading. + +**Notes:** Here is a good video that explains the 4 types of Orders I use to enter and exit trades along with Live examples: [Different Order Types And How To Use Them](https://www.youtube.com/watch?v=vC_fCb17mOQ) + +\**I do not add stocks under $5. If there is a stock that is under $5 here, it was above $5 when I added it. The reason being is that most penny stocks halt which is very risky and they are also highly manipulated*\* + +**-Kant Sleep** *(Full Time Day Trader for a Decade, This Is My Only Job)* +I work for a well known, large tech company that's been around for over 40 years and I'm trying to figure out if I should buy discounted company stock. I can opt in for up to 10% of my paycheck to be withheld for 6 months at a time and at the end of each withholding period period, that withholding is used to buy company stock at 95% of the closing price on the last trading day immediately before the Exercise Date (end of the 6 months withholding). + +The stock has pretty much always increased in value for the past 20 years and it almost doubled since last year (probably pandemic related digital transformation of so many companies, who then needed our products more than usual). + +Is this worth doing? Are there any tax benefits besides the potential earnings on the stock? + +Let me know what other info I can provide and and thanks in advance! +You'd think people here would want to be realistic about the asset, but instead they hop on this insane bandwagon of crazy denial! In my opinion, we are absolutely in a bear market. It's fine to admit it, it's worse to deny it. +Bitcoin isn't magic, it will always have bulls and bears like every single other asset. It's more helpful to discuss it rather than to treat is a god who does no wrong! +This isn't a place where we can discuss the market anymore, it's just an intense bullish echo chamber. +I get the optimism, but it prevents realistic conversation. Anyone who tries to discuss the bear run is downvoted for some reason. +I understand no one wants to talk about a bitcoin w inter but it is inevitable, I just can't understand why people are reluctant to see it's possible we're in one. + +Edit: I sincerely appreciate this thread. It gives me hope for the future of decent conversation. Enough with the mania, let's be mature and supportive of our asset. We're all invested, and we're all believers. I can't wait to buy a can of coke in the local shop with Bitcoin! +Here's a pretty good summary write up that was passed along to me by a small business lawyer buddy. As a small business owner, i found it very helpful. Especially now that is sounds like 1099 payments WILL be considered as 'payroll expenses' [https://drive.google.com/file/d/114M\_JMV9ftY1ZwykPhl2MoxB5PVdRpKv/view?usp=sharing](https://drive.google.com/file/d/114M_JMV9ftY1ZwykPhl2MoxB5PVdRpKv/view?usp=sharing) + + +If anyone finds any advice to the contrary of what this document says, please post below! I want to gather as much insight as possible from a variety of sources... +Too often I see people on here not being able to pay their bills, like they're surprised when their bills come. + +Everyone knows when their bills show up, start budgeting your money, so you know you have enough for your bills. + +If you don't have enough to pay for your bills, make sure to get money beforehand, not the day of, or two or three days after you're supposed to pay it, because then you're going to have to pay for a late fee. + +Walk people's dogs, mow people's lawns, babysit, do more hours and so on so you know you have enough cash for your bills. And just so you have money started for an emergency fund if needed. + +Too often I see a post on here that goes "Help! I need money real quick for my rent or for food, or for bills, etc." Budgeting won't get you out of poverty, but it will help you be more self-aware on where your money is going. + +And doing random side gigs before you're in a bind can also help. +I keep seeing lots of optimistic posts about how our opposition is losing control. I thought it might be worthwhile to remind you what they're betting, because as much as we might want to write them off as stupid, they're not. + + +They think you're poor. + + +They've been dragging this out for a year thinking you'd get impatient, and lose interest. That you'd get into a car accident, or have a medical emergency that forces you to sell. Cause these fuckers know what it means to have a chip advantage in poker. They can sit there, and ante up, and wait for the right hand to come to them, then clean out everyone at the table. + + +They're looking at you thinking, *they only have enough to bet on one hand. If I can get them to fold, I take everything they've got.* + + +They're thinking that soon enough, you'll be back in your life of indentured servitude, fighting to pay off college debt you'll never be able to discharge, while they sip drinks on a beach and tell stories to each other about the time they ripped your face off. + + +They think you don't have the patience to see this thing through. That one of these deadlines passing means you're going to give up and just go back to toiling for the rest of your life to hold up the society they leech off of. + + +Here's what they don't know about you. + + +They don't know what it's like to work your ass off at a job that doesn't pay enough to survive, because you don't have a choice. They don't know what it's like to have to take out loans to afford the car you need to keep your job, and then when it dies, you can't afford to fix it, AND you can't afford not to. They don't know what it's like to have to tell your kids that Santa can only bring them one gift this year, and then the look on their face when you say that the one thing they asked for might not fit in your shitty apartment. They don't know what it's like to be told they're just going to have to bear the brunt of a once in a lifetime economic collapse three times before the age of 40, and then have people in the news call them lazy, and blame them for the collapse of every luxury industry you can't afford. + + +They don't know why you hold. They don't know why you won't just fucking fold this hand already. They don't know why you'll go without, and wait, forever if you have to. + + +They don't know what it's like to have a once in a lifetime opportunity, because their whole lives have been one opportunity after another, predicated upon a structure of society that works great, so long as they're the ones sitting in the box seats. + + +What they fear is a world where they're in your shoes. And the best part is, they don't have any fucking IDEA what your life is like, being the people CREATING the value they fucking TAKE. Having to MAKE ends meet. Having to kiss the ass of a boss who couldn't find his way out of a wet paper bag, just to get a paycheck that doesn't stretch far enough. + + +But here's the thing: They can't wriggle out of this trap. If they change the rules and steal from all of us, then entire generations around the globe will never invest in the stock market again. They don't just lose this bet, they lose the fucking CASINO. + + +So here we sit at the table, patiently. Waiting for someone to call the hand on these fuckers, as they bribe everyone in sight to let it drag out, hoping we all have to get back to our jobs and lives and debts and save them, while they're trapped with their hands in the fucking cookie jar. + + +Buy. Hodl. DRS. Play options if you want to, it's your fucking money. + + +But don't let these motherfuckers out before we take everything they've got, and they learn what it was like from our side of the table this whole time. +Hello! Just looking on some advice/opinions on what I can afford car wise. Is the rule of thumb (50% of the car should not exceed your annual income pretty accurate)? + +Annual income - $72-80k with 6% 100% matched going to my 401k, I have zero debt and pay $1100 in rent every month. + +The vehicle I want is $52,000, I'm putting down about $15,000 and will get an APR of about 3%. + +I feel its important to note that cars are my hobby. They are what makes me happy and what I spend my "fun / toy" money on. I don't spend my money on unnecessary things and I don't go out really. + +At $52,000, $15,000 down and a tax break, I'm looking at financing roughly $40,000 with a monthly payment of about $600. + +In my current position is this feasible? With cars being what brings me the most joy in life as well as my only hobby, does it even make sense? +I'm not very money savvy and in my mind it's always a good thing to have your mortgage paid off as soon as you can, but is that always the case? Under what circumstances would it not make sense to pay off a home loan asap, and why? +I'm mid 30's, single, renting, currently work FT in an "average wage" job and like many of my colleagues I'm burnt out to hell and ridiculously unhappy. I've posted and commented around here before so a few of you know I've been in the market to buy property and have a deposit (>20%) as well as a decent 'emergency fund' and some investments here and there. I can afford to quit. + +Originally the plan was to get the property bit sorted and then switch jobs (I've evaluated what I'd need to service the loan) but I'm reaching the point where I can barely make it to lunch each day let alone hold on another few months until I get a mortgage. + +I'm single and rent by myself so no partner/roommate/bank of mum+dad to fall back on. Everything I do I support on my own expense. While I'll be comfortable on the savings I have, I'm worried about depleting them too much before I eventually go back to work. It's always easier (and faster) to spend than to save. + +I'm looking at taking an extended break before going back to work, a few months is preferable. I also am very seriously considering the possibility of retraining altogether, which would mean making the decision to forego the house and savings while I am studying/earning qualifications. This could be for 6 months or it could be for 2-3 years, depending on how far I wanted to go or if I went full-pelt back to uni. + +So I did the sums and I'd be ok for about a year and a half (if I made zero changes to my lifestyle) on the savings that I have, however more realistically I'd live a bit more 'tightly' and likely work part time if I were studying. + +I really don't want to deplete my savings too much, I just need a freaking break from work at the moment. +I guess what I'm really asking is the title of this post, and how to 'future proof' this decision to get the best out of my money without it going up in my face or perhaps there's something that I haven't thought of in this scenario. + +TL;DR: How do I make the most out of my money (without denting my savings too much) for an extended time if I were to quit for a while? +All I see on here is celebration about how well the S&P/NASDAQ/Dow have done this past year...but no one ever mentions how shitty the USD has done. Down 14% compared to euro, down 15% compared to GBP, down 9% against CAD...seems like a lot of the gains in the market can be chalked up to devaluation of the dollar. +I've been trading part time for 5 years and full time for 2 1/2 years. I believe in some ways I've surpassed my current mentor as he's showing strangely rookie bad habits, i don't know why. So how do I find an even better mentor? Like, what can i offer them and how to find one? +The point of this DD is to examine the following question “What will the transition look like between hedgies going bankrupt and the DTCC beginning to cover?”. The following topics will be addressed… + +\- What is the reason for believing it will not be a smooth transition? + +\- What might the transition look like? + +\- Could we get a MOASS peak and shortly thereafter get a FOASS (father) peak? + +I will say the following statement now and at the end. “I am not a financial advisor, this is not financial advice, do not treat this DD as definitive proof, I am musing on what exploring new territory MIGHT be like, I may very well be entirely wrong.” This DD will improve as people poke holes in it with divergent evidence and I really want that evidence to come out. + +# Part 1: YES, The DTCC has to cover if the hedgies go bankrupt before they finish covering. + +Big shout out to u/Fat_Sassy_Classy for tuning me into the following SEC info. When an FTD occurs, here is a basic timeline. + +Transaction. A share is bought or sold + +From here on out, all days will be expressed as (Transaction day + additional days) + +T+2: the person selling a Short share must have located the share, or it’s deemed a failure to deliver. At this point, they can no longer continue shorting until they locate a share for settlement. + +T+5: if a long share is sold, or if the seller is a market maker, they have until today to locate the share. At this point, a long share or a marketmaker is given a failure to deliver. + +T+6 to T+12, depending on who is assigned to closing out the failure to deliver, they can no longer accept or short shares into the market until a share has been located + +T+13: **If the share belongs to a stock considered a threshold security** the clearing house **can** be on the hook for covering if they are directly responsible for the FTD. If it’s, instead, a broker or an MM they can assign either of those two as forced covering at any price + +It is not until T+35 (calendar days) when a clearing agency enters into a forced covering position. + +This means there is an important difference between whether and when GME has been considered a threshold security. If they are not then the DTCC has 35 days (business days I am assuming, but please correct me if I am wrong) to officially close out a short position if the borrower can not (hedgie is bankrupt). If GME was considered a threshold security then the DTCC can be on the hook after only 13 days. Going back to the original question, this means there could be a significant time delay between a hedge fund going bankrupt and a clearing house needing to start covering IF the transaction date was fairly close to when the hedge fund went bankrupt. So that brings us to, what is a Threshold Security? + +[https://www.investopedia.com/terms/t/thresholdlist.asp](https://www.investopedia.com/terms/t/thresholdlist.asp) \- To be considered a Threshold Security, a security must be registered with the SEC and have had five or more consecutive days of failed settlement. The failed settlements must also be of a size totaling 10,000 shares or more, or at least 0.5% of the security's shares outstanding. + +The last time GME was on the NYSE threshold list was February 3rd (https://www.nyse.com/regulation/threshold-securities). This was at the very end of the mini squeeze, it has not appeared on the list since. There have been other DD’s that delve into hiding FTD’s in options, assuming those are true, that might be why GME has not returned to the threshold security list. If GME is not a threshold security, then the DTCC will have T+35 to begin closing positions if the hedge fund can not. + +So from this, we can see that by keeping GME off of the threshold securities list hedge funds can create possibly 7 weeks from the FTD to the time when the DTCC is forced to begin covering. And if these FTD’s keep getting hidden anyways…….yeah they just keep kicking that can. Luckily it sounds like the new DTCC rules eliminate that possibility but that still means they have between T+13 or 35 depending on whether the DTCC is found directly responsible for the FTD. + +Who determines whether the DTCC is directly responsible? I am assuming the SEC, so I emailed their Office of Investor Education and Advocacy this afternoon. (lord forgive my professional writing skills) + +*Good Afternoon,* + +*I am writing today in regards to the upcoming possibility of a short squeeze of the GameStop stock. I am aware that this event will not definitely occur, but in the event it does I have a question about the timeline between borrowers and clearing houses being forced to cover their position.* + +*In this hypothetical scenario, a hedge fund is margin called and begins the process of covering their short positions. In doing so they end up in bankruptcy and their short position now ends up on their clearing house. Can your office clear up whether or not there would be a gap in time between borrower bankruptcy and the clearing house having to cover a position?* + +*I ask this because there is the possibility that at T+13 the clearing house can be on the hook for covering if they are directly responsible for the FTD. There is also the possibility that it will take T+35 before a clearing agency enters into a forced covering position. I am working under the belief that the SEC would decide which timeline is appropriate.* + +*As a retail investor looking at a possible short squeeze in the future, I would greatly appreciate the SEC making a decision on the time line soon so that I can better plan.* + +*My sincere apologies if this message was lengthy and confusing to read. I've never emailed the SEC before and I am attempting to make sense of a very confusing situation. I wish your office all the luck in handling this event, I'm sure it is a doozy.* + +I have not heard back from the SEC yet. Hopefully I will hear soon on whether they believe the DTCC is responsible and that will let me dig in further to the DTCC having 13 or 35 days to cover. **MY OWN OPINION BASED ON MY OWN VALUES** I would say that the DTCC is directly responsible. They acted as the clearing house and would likely know if FTD’s were occurring. Based on them creating new rules involving eliminating the ability for hedge funds to hide FTD’s in options, it seems even more likely that they knew. Them enacting a rule after the fact should not absolve them of what they had done prior **END OF PERSONAL OPINION.** + +Going back to my first topic “What is the reason for believing it will not be a smooth transition?”, depending on the T date, whether the DTCC is committed to covering at T+13 or T+35, and how quickly a hedge fund can go bankrupt during a squeeze THEORETICALLY a gap of time could exist between when hedge funds run out of cash and when the DTCC is forced to begin covering. During that time, buy pressure would not need to exist at squeeze levels and it might make it look like the squeeze has squozen even though the DTCC may still need to continue covering at a later date. **SOME DUBIOUS CONJECTURE** If I was on the hook for needing to buy something I would be thrilled if the person I needed to buy it from thought I no longer needed to buy it **END DUBIOUS CONJECTURE.** + +I do not know if when the new DTCC rules go into effect if the official FTD date happens on the date they go into effect or if it is retroactive to when FTD otherwise would have occurred. + +\*If you have not yet gone and given u/Fat_Sassy_Classy some serious love, please do so. This first section was developed because they were able to point me in the right direction\* + +# Part 2: What will outer space look like? + +Imagine a trading graph. On the graph are 2 big peaks. On the left is the MOASS (Mother of all Short Squeezes) and to her right is the FOASS (Father of all Short Squeezes). The MOASS represents hedge fund(s) covering their positions. The FOASS represents the DTCC covering any positions the hedge funds could not before going bankrupt. There is a space in between those 2 peaks directly related to my discussion about T+13 or 35 above and we have no idea how big that space might be OR if that space will even exist. Some questions I ask that I don’t have answers to (hint: wrinkly brains chime in). + +\- How many hedge funds might need to start covering? This could lengthen the MOASS time if there are multiple. + +\- What would buying pressure look like as a hedge fund goes bankrupt? Does it just disappear? (Yes trading halts would slow the descent but I’m not about to do a spread sheet now on how long it would take to land). + +\- If a hedge fund goes bankrupt, how much time does it take to notify their clearing house that they are passing the bill to them? + +\- How could I tell if a hedge fund goes bankrupt before they finish closing and will be passing the bill? + +\- Is it possible to tell when the DTCC begins covering? + +\- Would the price drop back low if there was a space between the MOASS and FOASS or would it just be a plateau? + +Continued DD from apes analyzing the SI is going to be extremely important data. If it can be concretely determined that the SI is in the multiple hundred percent, AND that apes control 1 or more iterations of the float, it would mean that even if the price comes back down after a MOASS then a FOASS would inevitably happen thereafter if the DTCC has not begun covering when the MOASS finishes. HOWEVER, even if the T+13/35 data is irrelevant (transactions happened too far before MOASS began) there could still be a gap in time between hedge funds declaring bankruptcy and the DTCC beginning to cover. + +As I said in the beginning, “I am not a financial advisor, this is not financial advice, do not treat this DD as definitive proof, I am musing on what exploring new territory MIGHT be like, I may very well be entirely wrong.” This DD will improve as people poke holes in it with divergent evidence and I really want that evidence to come out. I will update this page as brains wrinklier than mine begin offering better analysis. + +*EDIT 1 - some people are misinterpreting that a FOASS peak would necessarily be larger. No. It’s just the idea that space MIGHT exist between peaks if various entities are forced to close short positions at different times. I didn’t intend Father to mean larger, just that the graph might show multiple peaks. +*EDIT 2 - Absolutely brilliant apes in the comments bringing up some great counterpoints and enhancing details. I will be going over each comment and seeing how it ties into the FOASS Speculation, so expect updates tonight/tomorrow. +A trillion is a very abstract concept to basically everybody. I could say you have 3 trillion cells in your body, or that a trillion dollars is 5 Jeff bezos, or that a trillion years is 69.9 (nice) ages of our ENTIRE UNIVERSE. + +But these numbers mean absolutely nothing. They’re so distant and abstract that the comparisons leave you with no more understanding than you had before. Instead, I’m going to try to make these huge numbers hit as close as home as possible. Are you ready? + +First, let’s get some numbers out of the way to prove a point. As of the time of writing this, the [M2 money supply](https://fred.stlouisfed.org/series/M2SL) (savings, checking, cash) sits at 20.3 Trillion dollars. That means the RRP is currently transferring *5%* of the total amount of spendable USD in existence. + +Even more scary, if you look at the [M1 money supply](https://fred.stlouisfed.org/series/M1SL) pre March 2020 (they changed the definition to include savings accounts so the huge spike afterwards is just a technicality) where we only had ~$4 Trillion, *25%* of all of that money now sits in RRP. + +Now, time to bring this astronomical amount to a measure you can understand. + +Are you ready? + +Look at your checking account, 25% of that is in RRP. + +Look at your savings account, 5% of that is in RRP. + +And that is true for EVERYONE! + +That’s how big this is. +Today I took the first step in getting my finances back in order. I lost my dad a year and a half ago and turned to alcohol and gambling because grieving is hard. I lost the man I looked up to. While coping with his loss I turned into a man he wouldn’t be proud of. + +Today I talked to the gambling site I used and told them I have a problem so that they would close my account. They blacklisted me so I can’t email back and say just kidding. + +Today feels like a great day to change my life forever. + +If anyone here is struggling and wants to chat I’m always here. We are never alone even when it feels like it. + +Love you guys in this group. Seriously. +Hello, I am currently a sophomore in college and recently decided to check my credit score on credit karma for the first time. I went on to find an essentially ruined credit score with a derogatory mark on it for $199. I think this is from a gym membership back in high school which I thought automatically cancelled after my one year agreement was over and I didn’t update my payment method since my card changed (so i did not cancel it when i went off to college). I honestly have no idea what to do. I can’t seem to be able to get a full credit report because i keep on failing to get authorized, so I can’t find out who the collector is. I am freaking out that I basically just ruined my life by being an idiot in high school. + +EDIT: Im not sure why i keep having issues with verification, I just tried to make an account on experian so i can access things and it gave me this message: “We’re sorry; we could not find your report with the information you provided. Please review your information for accuracy and then click Submit and Continue.” + +I keep getting similar messages whenever i request my report from the other bureaus and also on annualcreditreport.com +Hello you goddamn beautiful ~~people~~ apes, + +u/dan_bren back with the late night special edition. Wanted to provide you all with an update on our situation. A small amount of DEEP ITM calls were bought today. Shown below + +[GME Biggest Trades 4-7-2021](https://preview.redd.it/q03gss03hvr61.jpg?width=1218&format=pjpg&auto=webp&s=3b40b8056e2edb5b57effbb8b17863670e15f565) + +12:47pm 550 $12 calls were bought for 167.95 ($16795) each = $9,237,250 + +12:49pm 550 $12 calls were traded (VERY likely sold) for 168.50 ($16850) each = $9,267,500 + +&#x200B; + +For starters I want to point out that this is an incredibly small amount relative to the DEEP ITM call buying we saw back in early April. + +[GME Biggest Trades 4-4-2021](https://preview.redd.it/3ojrisivivr61.jpg?width=1222&format=pjpg&auto=webp&s=8f8098136582c02bcd221c11a53d99c45d2d3218) + +Take a look at April 4th where nearly 6x the DEEP ITM calls were traded. Many people in the comments ask how we can know that this is always the same people and a few things make this quite clear. For starters these block trades are all coming out of the same PHLX exchange, this is the first indicator. The second indicator is the rarity of the specific option that is being traded. An option that is $160 deep into the money when the price of the stock is only $180 is absurd. This is an option that theoretically would otherwise never be traded. For reference on another \~$200 stock such as Disney you aren't even able to trade anything below the $95 strike price. This can only be them. + +So what about DTC 005 + +This is where it gets a bit confusing. I'm not going to pretend like I entirely understand the inner workings of this but I will continue to research in my free time. A smart ape reached out to me and here was his explanation. + +&#x200B; + +[\\"The Last Hurrah\\"](https://preview.redd.it/wz5675allvr61.jpg?width=647&format=pjpg&auto=webp&s=d08bbd9bb65420faf576e36002f5f583c29fc92a) + +He goes on to say "the DTCC didn't have a notation in their books that showed which shares are the result of rehypothecation. As a result, every share that ran through the system prior to the rule going into effect is non-notated. Therefore, following the letter of the law, the HFs should be able to reset their FTDs one last time. When they reset this time all of those shares will remain in their account and will be notated/unable to be rehypothecated." + +I've got some red crayons calling my name. u/dan_bren out. + +TL;DR: A small amount of DEEP ITM calls were bought today. This could be some of the last attempts by HF's to reset FTD's before the new rule logs and tags the movement of shares. +I was very surprised this morning when I noticed that $1,814 was missing from my checking account this morning. I dropped off my rent check of $814 to the apt complex office yesterday. When looking at the check scan online on my account, it clearly says in numerals and in writing $814. I made no mistake on my end. Would this be the apt management's fault or the bank's? I believe they take the checks directly to the bank, so a teller must have processed this; it couldn't be a mobile deposit or ATM error. I've already contacted management and they said they'd give me a refund and it'd be 5-10 days. When I called my bank (PNC) customer service, the representative said the only recourse really would be to dispute the transaction, and that it would also take around 10 days. Is this really all there is to do? Am I really just gonna be waiting until next week for my money to be returned to me? I'm lucky in that I can afford for this to happen temporarily, but I am fed up nonetheless. Any advice would be appreciated. + +Update: I learned that the apt does NOT take the checks to a bank, but rather scans them and sends them to corporate (they own many properties across the eastern US). I went into my local bank branch and talked with someone to get it straightened out. Basically there was an encoding error with the amount when it was virtually submitted to the bank, as many of you said. I guess my period between the 814 and the 00 wasn't big enough for something, or it was just straight up wrong, but no human is at fault. PNC has already given me a credit of the 1k, and I notified my apt management that I had gotten it resolved through my bank, but that I would not be giving them checks anymore and negotiated that they waive their convenience fee for paying online via card for the rest of my current lease since it was an error on their end when processing the check. + +Thanks to all who have given advice, it's much appreciated! +I (22M) just started a new job. My employer contributes 3% of my pay to a 401K account no matter what. I am going to contribute 5% (that's what I can afford now, goal is to get to 15% next year with the employer contribution). + +The account is with T. Rowe Price. I immediately gravitated towards the T. Rowe Price Retirement 2060 fund. It is averaging 7.72% annual returns for the past 5 years. However, I noticed later on that the operating expenses are high for these funds (0.72%). Now I am looking at the Vanguard 500 Index Admiral fund. It is averaging 10.80% annual returns for the past 5 years and it's operating expenses are only 0.04%. + +Would I be crazy to switch to the Vanguard index? My risk tolerance is high as I am just starting out. Either way, I am looking for major stock exposure in order to grow my account as much as possible. I'm new to retirement investing so any advice is appreciated. Thanks! + +Edit: The general consensus seems to favor switching to the Vanguard 500 Index Admiral. I’ve thought through it and that is what I want to do. One of the best comments was by u/CPlusPlusDeveloper who pointed out that the target fund fees could cost me 25% of my retirement wealth. I’m so glad I posted here and thanks to everyone for the help! +All you have to do is :  + +1. 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I have been reading this forum for 4-5 years. As many people do, I devoured all the content I could read -- MMM, MadFientist, Daily threads, etc. and got on board with everything. Dramatically lowered my costs, boosted up savings in tax advantaged accounts... even made a career pivot in order to dramatically increase my income. All of that went really well for a good chunk of time. + +In Winter 2018, I started to read and learn about cannabis stocks. Learning of the dramatic returns that many companies had produced due to generous estimates of forward multiples, I became seduced by the prospect of accelerating my path to FI. Over the coming months, I started to weight my portfolio heavily and more heavily in favor of cannabis stocks, going overweight in one in particular (Sunniva Inc) that, based on incredibly extensive DD conducted by me, I thought presented really promising prospects for dramatic returns. My rationale to myself was that if this thing goes south, I'm still relatively young (31 years old) and have plenty of years ahead of me to earn lots of money and save it. + +As it would turn out, this did not go well. That company has disappointed shareholders time and time again, and in the process I ended up losing 75% of my total portfolio. I sold my shares in the company a week or so ago and was completely devastated. I had such high hopes and expectations for this company delivering dramatic returns and transforming my entire financial situation. It did indeed transform my financial situation -- just not in the direction that I had hoped for. + +The lessons learned here are pretty obvious, and they go back to FI principles -- diversification matters, difficult to beat the market, etc. I've lost a substantial portion of my net worth in this move. This isn't a post about shitting on that particular company -- for all I know, given enough time, they will go gangbusters and produce incredible returns for shareholders. That said, I've learned that I simply am not comfortable with that sort of investing. I'd rather trust the basics and control my financial situation by increasing income, decreasing costs, and investing wisely in a simple, diversified portfolio risk adjusted for my age and net worth. + +It is really easy to read MMM, this forum, etc. For me, clearly it was harder to internalize the wisdom of that advice and apply it year in and year out. I hope that I have learned my lesson and will get back on the sound path to financial freedom. +Couple weeks before, I started trading with real account. I started doing that with relativly small budget and my main mistakes was that every trade was open too short... Any time when i see that i have some profit - i take it, when i see that i have loss- i take it (i was affraid that could be bigger loss). + +Sometimes i set SL and TP but obviously I set it with too little space. + +Now im improve my knowladge about, forex, market, platform and terminology. I want to start doing that with bigger budget. + +Becouse now i want to trade on long distance, I want to ask you guys when is moment when you have to accssept loss? What are the longest trades that you have? (Profit or Loss) +Some ppl advise anything above 500$, this seems unrealistically low. How are you going to avoid being stopped out all the time? Can you please advise on your own example if possible - what did you start with? + +Edit: Thank you for your advice guys, I appreciate how understanding and helpful this community is. I am sure your advice will help me stay alive (a little longer) in this all out war! +What advice do you have for someone who can only afford to spend a couple hours per day on trading? I work full-time and have a young family so time right now to focus on trading is limited to a couple hours first thing in the morning. + +With the proper practice and education, what are the chances of becoming a full-time trader after 5 years? 10 years? if I can only commit to a couple hours per day right now? +How did those auctions go? And the online ones? + +I was registered for this online one - guided as $1.2m but sold for $1.285m. Auctioneer was mostly begging people to bid - opening bid was the guide and it took another 30mins of begging for another person to bid - probably the slowest I’ve seen, took an hour for the auction. + +https://www.domain.com.au/54-hughes-avenue-ermington-nsw-2115-2017074031 +Thanks to the pf community for the ideas and for being good role models. I made a lump sum payment of $20,000.00 and my debt it nuked. + +How I did it: + + I built an emergency fund (4 months expenses) + + I realized the unmilked cash cow that is my companies ESPP program. with a 15% discount on stock purchases locked for 2 years. I dumped 100% of my paycheck in the last 2 paychecks of the 6 month buy period and doubled my money thanks to lucky timing with the price being set very low. That gave me enough money to afford to put most of my pay into it for the next buy and the next one after that which ended up being a significant pay day. (The emergency fund changed my whole future.) + +I had planned to pay off half of it today and half in 6 months after the next buy, but I realized I had reduced my spending so much and saved enough that I didnt even notice not getting paid for months at a time. So I just dipped slightly into the EF to do it all today. This should save me about 3,000 a year in payments and north of 7k in interest over the next 10 years. + +Conclusion. I feel warm and fuzzy and confident I can do even better in the future! Next goal, early retirement! +So, with the mass buying going on lately supermarkets are facing a shortage of staff; my wife works for a big German supermarket chain, and they just had 3 people in today from agency with no experience to help with the extra work needed. Their distribution centre is doing the same, as they don't have enough people to prepare pallets to be sent in stores. + +I'm not saying that it's like that everywhere, but if you're in the market for any job, and you're not afraid of some phisical work, it might be worth to check with your local work agencies. But as always, YMMV. +Was up 400k on the year now only up 280k and finding my strategy around trading tsla and other names not working many days now as the volatility seems to have dried up and many of the moves are slower and choppier. Taken this frustration out by trading my normal large size and revenge trading. Sucks. Debating just giving up day trading all together before I piss away all the gains I had from January. I like to short stuff too and lately that's not even working. Long or short it's just tough to find much smooth trends in tsla or many names. What are you guys doing? +I did expect a wild ride this alt season but I did not expect that we would have doge season where there would be tribes of people holding different dog coins arguing with each other. Today I saw a discussion between a doge holder and a shib inu holder about which coin is the better store of value, both very serious. + +I understand if people buy these coins to speculate on a quick buck, or buy it for fun, but someone turning into a hardcore cultist for a dog meme coin is really mind boggling to me. + +I love crypto +[https://www.cbsnews.com/news/inflation-covid-omicron-variant-covid-jerome-powell-federal-reserve-congress/](https://www.cbsnews.com/news/inflation-covid-omicron-variant-covid-jerome-powell-federal-reserve-congress/) + +" + +Federal Reserve Chairman Jerome Powell warned Congress that while the Federal Reserve continues to expect inflation will move down "significantly" over the next year, it "now appears that factors pushing inflation upward will linger well into next year." + +The new COVID-19 variant Omicron could have a negative impact on employment and inflation, Powell told Congress Tuesday in his prepared remarks. + +"The recent rise in COVID-19 cases and the emergence of the Omicron variant pose downside risks to employment and economic activity and increased uncertainty for inflation. Greater concerns about the virus could reduce people's willingness to work in person, which would slow progress in the labor market and intensify supply-chain disruptions," Powell said. He was appearing at a hearing before the Senate Committee on Banking, Housing and Urban Affairs to testify about the economic recovery from the pandemic.  + +The World Health Organization flagged Omicron as a COVID variant of concern on Friday: it appears to spread quickly, and it's not yet known how effective existing vaccines are against it. According to Dr. Anthony Fauci, it'll be about two weeks before more is known about its transmissibility, severity and other characteristics. + +The Biden administration acted quickly to try and slow the spread of the new variant in the U.S., imposing travel restrictions on eight countries in Southern Africa. Officials are also urging Americans to get vaccinated or booster shots. On Monday, President Biden sought to calm Americans, characterizing the variant as cause for concern, but not panic. + +While Powell acknowledged that the economy is continuing to strengthen and conditions in the labor market are still improving, he also reminded senators that over the summer, the rapidly spreading Delta variant slowed the economic recovery and intensified supply chain disruptions. + +At the same time, Americans have been slammed by higher than anticipated prices as the U.S. struggles to reopen. Last month's Consumer Price Index showed inflation had risen at its fastest annual rate in more than 30 years at 6.2%. + +"Pandemic-related supply and demand imbalances have contributed to notable price increases in some areas. Supply chain problems have made it difficult for producers to meet strong demand, particularly for goods. Increases in energy prices and rents are also pushing inflation upward," Powell said during his remarks. + +The remarks about inflation echo past statements by Powell that it could persist into the third quarter of 2022. + +"We understand that high inflation imposes significant burdens, especially on those less able to meet the higher costs of essentials like food, housing, and transportation," Powell said. "We are committed to our price-stability goal. We will use our tools both to support the economy and a strong labor market and to prevent higher inflation from becoming entrenched." + +Treasury Secretary Janet Yellen also testified before senators on the state of the economic recovery from the pandemic Tuesday. Yellen has said if the U.S. wants to bring inflation down, it needs to make progress with the pandemic and when it succeeds, she anticipates prices will go return to normal some time in the second half of next year. + +Meanwhile, the U.S. continues to make progress in bringing down unemployment. On Friday, the Labor Department will release the jobs report for November. Last month, the economy added a higher than anticipated 531,000 jobs and revised the two prior reports upwards, after disappointing September and August numbers. The unemployment rate last month fell to 4.6%." +Simplex Trading, LLC held the largest reported GME put position at over 82k contracts until the Jul 16 expiry, yet very little DD has been written on the firm, until now. Simplex misfiled their 13F earlier this year and highlighted the cost basis of their 82k puts was only 0.16. Given this cost basis, and their overall position, it is clear their option position is a hedge against a non-reported OTC derivative contract known as a variance swap (VS). While the math in this post will be complex at times, I hope to break it down to make it simple to understand what a VS is and what the Value at Risk (VaR) implications are without needing to fully understand how the math behind these calculations work. I'm going to try to keep things simplex. I am not a financial advisor, this is not financial advice, and I will highlight what is speculative when applicable. This post should help you understand how GME, a mid cap stock with a mere $16 billion market cap, is an idiosyncratic risk to financial stability and capable of causing a systemically catastrophic market event due to overleveraged short exposure on both the price and the volatility of the stonk. + +&#x200B; + +The direct registration of GME shares has already started to significantly impact the price of GME, and is the most critical aspect of the 🚀 launching successfully. The flight path to the 🌙 is set, but a sudden decline in DRS would potentially choke off the fuel supply needed to exit the atmosphere, and may cause GME to come crashing back down to earth. This is not FUD, DRS is the way, and if you are not familiar with directly registering GME in your name or how to directly purchase GME shares, please read [A Complete Guide to Computershare](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/?utm_source=share&utm_medium=web2x&context=3) first. Seats in the 🚀 start at $25, however, tickets are limited and supply is running out. Buckle up, the launch countdown has started, and there will be turbulence after liftoff. + +&#x200B; + +**TA;DR - In late Jan 2021, someone purchased variance swaps on GME after the buy button was removed and volatility peaked. Simplex Trading was one of many VS sellers and still holds open risk exposure to GME volatility. DRS has impacted GME prices by decreasing the supply of shares needed to effectively suppress volatility, and accelerated the timeframe of the buying/selling cycles. The consistent rate of GME DRS has started a countdown to the 🚀 lifting off, and the flight path to the 🌙 is set. Wen 🌙? Soon. Read the post for speculation on likely launch date and an interesting theory who is long GME variance.** + +# i. The Ebbs and Flows of Capital in Markets Create Harmonic Waves + +The rising and falling of stock prices are similar to waves in the ocean, driven by capital entering or exiting positions via buying and selling. For every buyer, there is a seller, and the last price a trade occurred is the price reflected on the tape (in theory). Imagine a still body of water that has a stone thrown into it, creating waves that eventually ripple across the entire surface. Throw a second stone, and parts of those waves may interact with the first waves, either creating or reducing the volatility of the surface of the water where waves collide. This change is dependent on the interference of the waves being either constructive or destructive. Like all things in nature, these waveforms are bound by a Fibonacci sequence. Markets are inherently human, and just as the human body and human behavior mirror Fibonacci patterns, so do price movements in the market. Every trade is like a stone being thrown into a pond, and these trades create harmonic waves that can be measured and analyzed to determine where future trades need to be made to either create or destroy volatility. + +[GME + DRS = ZEN](https://preview.redd.it/n1aebpqjw6081.png?width=960&format=png&auto=webp&s=344033e5390a3593a7549fe49b9586941cf6d372) + +While some claim technical analysis of GME does not work, this simply is not true, as TA never gives a binary answer. TA simply provides statistical analysis that gives a probability of future outcomes. Depending on the future outcome, the TA forecast is either confirmed or rejected, just as a weather forecast for rain is not right or wrong until rain falls or doesn't fall during the predicted timeframe. IMHO, the use of Fibonacci retracements and projections is the best technical tool to model where prices will head based on where they have been, as all previous trading activity creates harmonic waves that extend into the future. Future trades create interference with these waves, and moves in price beyond the Fibonacci levels require a certain amount of energy to overcome the natural levels of support and resistance created by those previous trades. This is the key concept Citadel exploits better than anyone as Ken Griffin has monopolized order flow - He see's where stones are going to land before they hit the water via payment for order flow (PFOF) and has the legal privilege to catch nearly any stone before it hits the water as a MM in the name of liquidity. Trades that don't benefit the position of Citadel the hedge fund get internalized, and unfavorable buying pressure is removed by legally naked short selling. This stacks the deck before even touching on the secret ingredient, crime. There is no longer a "market", prices simply reflect the value needed to give 💩a🔔 one more day of solvency. + +[You Think That's a \\"Market\\" You're Trading In?](https://preview.redd.it/1jsxdj7tw6081.png?width=880&format=png&auto=webp&s=0fd1621db3e84d879341bc349f3539a195162625) + +# ii. The Harmonic Wave Driving GME Price Action + +While the "idiosyncratic risk event" that caused GME's price to rise to $483 and the unprecedented removal of the buy button may seem chaotic, the trading pattern since the price peak has been nearly a perfect harmonic response. This is best shown through GME's chart dating back to the $2.80 low of Apr 2020, with both absolute and logarithmic Fibonacci levels drawn - + +[GME Chart Apr 2020 Extended to 2022 with Logarithmic and Numeric Fib Levels Shown](https://preview.redd.it/4b9oyq30x6081.png?width=1975&format=png&auto=webp&s=8f859db19cbfdaa4826706a8e67289f7142f0c1b) + +Important Fib Levels - + +* 100% - $483 - GME PCO'd (Position Close Only, buy button removed) +* 76.4% - $369 - Almost reached 3/10, followed by 50% drop in 15 min. Approached again on 6/8, followed by the largest daily close to close $ decline outside of GME being PCO'd +* 61.8% - $300 - GME has only closed above this level in late Jan and early June before 6/9 earnings +* 50%/Log 85.5% \~ $230 -$240 - Strong resistance area. Breach of this level has always resulted in a continued price move to 61.8% level before retracing to a lower high, until the 11/3 move to $255. More on the importance of this later. Also, $240 is the price the logarithmic trendlines from the $2.80 low and $483 high intersect around 12/7. +* 38.2% \~$180 - This is the largest consolidation zone and been retested more than any other level. This is likely the cost basis of the average ape. If you're avg price is lower than this, you're either a very skilled trader, incredibly lucky, or an OG. Kudos. +* Log 76.5% \~ $145 - 8/4 closed just above this level at $146, while also having the largest amount of FTD's @ 1.3 million since Q1 2021. +* 23.6% \~ $120 - Key support level after extreme short selling post March earnings. This level has not been revisited since, and there is a very low chance GME ever revisits this price point. +* 9%/Log 50% - $37-$45 - While GME breached the 9% Fib around $45 in Feb, it never touched the log Fib below around $37, before quickly rising back above $300. IMHO, this move removed any doubt the MOASS is imminent. No longer if 🌙, just wen 🌙. Outside of the Apocalypse, this price level will never be revisited again, and even with the Apocalypse, if markets are still trading, it's questionable. + +&#x200B; + +While some readers may not have known about these Fib levels, it's important to realize the algorithms driving the HFT machines have always known about these levels, as they are built into the coding logic. The price movements between these Fib levels is best modeled with a sinusoidal wave function, in particular ***f(x) = Sin(1/x******^(2)******).*** Below is a simple chart highlighting this. While the overall price movement does fit into a scenario where price is the y axis and time is the x axis, I intentionally leave the axis's unlabeled. The values shown on chart axis's should also be disregarded, as doing so will help better understand the more abstract concept I will address next. + +[f\(x\) = Sin\[1\/\(x\^2\)\]](https://preview.redd.it/zzopm9glx6081.png?width=712&format=png&auto=webp&s=5ae85b4c213fb346d958181783cffe9e59541da0) + +This chart shows a wave with a declining magnitude and increasing frequency, similar to GME prices in 2021. The time between the low and high prices in GME can be considered a cycle, and many theories have been written to explain why prices move in a cyclical nature. I believe the futures roll/swap theory is the most significant contributor to this cycle, best by explained by u/gherkinit in this [POST describing T+69](https://www.reddit.com/r/Superstonk/comments/pk1g5d/t69/) and u/Criand in the [Theory of Everything](https://www.reddit.com/r/Superstonk/comments/pb22oj/the_puzzle_pieces_of_quarterly_movements_equity/?utm_source=share&utm_medium=web2x&context=3). IMHO, this theory still contributes to the price moves, but it was more pronounced as that cycle lined up with the harmonic wave ultimately driving prices. As time has moved forward, the time between cycles has decreased - + +* 3/25 $116 low to 6/8 $344 high = 52 Days +* 6/8 $344 high to 8/5 $145 low = 42 Days +* 8/5 $145 low to 9/1 $231 high = 20 Days +* 9/1 high to 10/6 $165 low = 25 Days; a low of $166 was hit on 9/30, which was only 21 days +* 10/6 $165 low to 11/3 $255 high = 21 Days; This is where things get interesting... + +&#x200B; + +Rather than looking at this wave function as price over time, think about it more abstractly - the red line is not representing the price of GME, as price is a result of this function; rather, the red line represents influence the shorts have over price action. This influence ebbs and flows, just as price does on the chart, but the peak of the short's influence on the trading occurred on Jan 28 when the buy button was removed. The magnitude of the PCO impact can never be recreated, even if the buy button is removed again, because apes have evolved. After extreme market manipulation, the shorts have to recharge their fuckery meter. It takes time to rebuild the short's ability to influence the price, and over time, their overall influence over the price discover process declines, eventually reaching 0 (theoretically, however, Citadel's ability to commit crime without consequence makes the 0 bound unrealistic until they are insolvent). + +&#x200B; + +So, where is GME today? Remember, remember the 5th of NovemBRRR, for it was the first time in 2021 that GME had a weekly close higher than the prior cycle's high weekly close, technically confirming the wedge/pennant/bull flag chart pattern of lower highs and higher lows is ending. To highlight, here is a weekly chart of GME - + +[11\/5 - GME breaks wedge with a close higher than previous cycles weekly closing high](https://preview.redd.it/rjbebpbvx6081.png?width=1223&format=png&auto=webp&s=b516c2f305e558c4f2017c4cf9cb55757022de33) + +This chart tells a story, and leaves a trail of the historic war bulls and bears have been fighting. There are many on both sides of the battles, but the last weeks close is the first milestone that proves bulls now have the advantage, and their "victory" is more likely than the bears. This war is complex with many moving parts, however, it is simple to explain how the bulls have pulled ahead - Direct Registration of Shares. DRS has removed enough supply from the shorts that the recent cyclical peak exceeded the prior peak, and the weekly close ended higher as well. The maximum influence the shorts can exert needed to be deployed earlier than anticipated after the 50% Fib level around between $230-$240 was breeched, which will make this cycle's low most likely well end above the key 38.2% Fib retracement around $180, and potentially was already reached on 11/10 with GME briefly falling below $200. All of this price action occurred on no "official" GME news, leaving RC the option to drop the NFT announcement at a critical support/resistance level in the near future. So wen 🌙? It's a simplex situation... + +&#x200B; + +# iii. Volatility Dampening + +Signal processing is an engineering method used to amplify or dampen the amplitude and/or frequency of wave functions, most notably associated with sound engineering to change sound waves, aka Auto Tune. It's also notable in structural engineering as a way to reinforce buildings/bridges from impacts that cause vibrations within the structure, i.e. banging a steel beam with a stick. For instance, the graph below shows the transmission of a force that is undamped (dotted) and dampened (solid green) where the acute peak is much lower - + +[IRL dampening affect ](https://preview.redd.it/p9vof5qcy6081.png?width=800&format=png&auto=webp&s=47d7481332d11260ec4862b9ecf9908e0945e0db) + +The dampening control can be adjusted, and the impacts of different levels of dampening can be seen over time vs the natural wave function below - + +[Impact of various dampening coefficients when applied to sinusoidal wave ](https://preview.redd.it/ticm7q1oy6081.png?width=1935&format=png&auto=webp&s=7c8b426f49181c923328416c8644a6f8faa7735d) + +These same principles are used in finance, and most notably when trading volatility and derivatives. Long Term Capital Management (LTCM) was a Wall St powerhouse in the 90's. A handful of successful traders joined together with engineering and mathematical PhD's to generate alpha by exploiting volatility and leveraging "mean reversion" trades betting on declines in volatility after spikes higher. In the early years, LTCM was the envy of wall street and the top performing fund for many years, until one day, an unexpected event resulted in volatility spiking, causing liquidity to dry up, and making it impossible for LTCM to exit their positions. LTCM became insolvent, and their large imprint on many corners of the market made their failure a systemically catastrophic risk event. The Fed ended up bailing them out, and the members of LTCM never went to jail. If you're interested in the story, read "When Genius Failed". + +&#x200B; + +IMHO, I don't think there is anyone Ken Griffin idolizes more than John Meriwether, the founder of LTCM. Citadel's trading strategy is molded from LTCM's volatility trading, only Ken took it a step further and became not just a vol trading HF, but the go to market maker than now handles half of every single trade executed in US markets, topped off by many offshore shell companies that can hide positions, skirt taxes, and fuel fuckery - see u/swede_child_of_mine series for more info - [The Sun Never Sets on Citadel](https://www.reddit.com/r/Superstonk/comments/o2xz48/the_sun_never_sets_on_citadel_part_1/). So how does 💩a🔔 tie into a post about Simplex Trading, LLC? As the designated market maker for GME, it is impossible for Ken to not be the one that sold Simplex all of those deep OTM puts they purchased in Jan. Citadel's HFT algo is constantly adjusting the firms positions by the microsecond to either dampen or amplify overall market volatility in a way that is beneficial to their exposure. They accomplish this directly through the stonk/options and bond markets to capture theta (option value decay) and delta/gamma changes while simultaneously "making markets" and providing "liquidity" via legal naked short sales granted by their MM privileges. Citadel can rehypothecate and leverage the exposure created by their MM arm or held in the HF through collateralization and selling off-exchange non-reported derivatives, such as total return swaps (stonks), variance swaps (options), and credit default swaps (CDS - bonds). If this sounds like it's going to end badly, it's because it will. Most of these exotic derivatives were also written at a time with 0% interest rates, and rising rates will cause all of these derivatives to implode. Since tapering isn't tighten, if you ever wondered why the Fed refuses to raise rates when inflation is the highest it's been in 30 years, just smell the air - it's 💩a🔔 and the other overleveraged HFs. Sorry, I meant to keep this post simplex...🤷‍♀...that rant was just transitory... + +&#x200B; + +Modeling volatility as a wave function, there are tools that can be used to manipulate volatility, just as signal processing can manipulate sound waves. There are many ways volatility dampening can be achieved, but increasing liquidity is the easiest and fastest way. MM "provide liquidity" through naked short sales, limiting upside price moves by creating future obligations to deliver. Option trading is another major tool, and by writing new option contracts MM can influence the max pain and delta neutral levels of the option chain, ultimately impacting the underlying stonks price. Options can also create synthetic shares, and control the volume hitting the tape, as the volume associated with exercising options is not reported - see [Erasing the Tape](https://www.reddit.com/r/Superstonk/comments/oj1tjl/erasing_the_tape_how_to_remove_daily_trade_volume/?utm_source=share&utm_medium=web2x&context=3) for more. Dark pools and internalizing trades prevent buying or selling pressure from reaching the lit exchanges to move price, which is also a tool that can lower vol. These methods are skewed more heavily towards shorter term vol control; over the longer term, off-exchange derivatives such as total return swaps and variance swaps are used. And if those tools do not get the job done, there is simply crime and illegal manipulation, such as [Banging the Close](https://www.reddit.com/r/Superstonk/comments/oxdd1x/dear_sec_on_8321_gme_stonk_was_blatantly/?utm_source=share&utm_medium=web2x&context=3) and Non-Bona-Fide manipulative [Married Option Trades](https://www.reddit.com/r/Superstonk/comments/pjcnbu/open_letter_to_the_sec_cftc_finra_members_of_the/?utm_source=share&utm_medium=web2x&context=3), but I digress, it's time to get back on track and discuss variance swaps (VS). + +&#x200B; + +# iv. Variance Swaps + +Warning, maff heavy section. Financial risk modeling is built through applying statistical analysis on large sets of numbers, i.e. the price of stonks over time. Standard deviation is a measure of how far a set of numbers will deviate from the average (mean) of all the numbers in the set. Variance is the square of standard deviation and measures the degree that the average number in the set deviates from the mean. These values can be used with the cross asset correlations and covariances in a portfolio of multiple holdings to estimate the daily Value at Risk (VaR) each day based on the historical price changes of the stonks held, typically with a 95-99% confidence interval. To illustrate how St. Dev and CI work, below is a normal distribution with a 2-tail and 1-tail 95% CI. A VaR model using a 95% CI uses a one-sided tail analysis, hence the sigma = 1.65. + +[z = sigma = standard deviation](https://preview.redd.it/cv582k3a03081.png?width=837&format=png&auto=webp&s=d00f0208283f6739e1c8aa8e5bc8dded96b3a82f) + +Variance Swaps (VS) are derivative contracts that are bets on volatility and the payout is based on the difference in realized volatility vs implied volatility over the duration of the swap. u/Zinko83 and [u/MauerAstronaut](https://www.reddit.com/u/MauerAstronaut/) have put together these fantastic posts describing variance swaps I recommend reading - [Volatility, Variance, Dispersion, OH My!](https://www.reddit.com/r/Superstonk/comments/qmtt6q/volatility_variance_dispersion_oh_my/) and [How VS explain far OTM Put OI](https://www.reddit.com/r/Superstonk/comments/qoz68k/how_variance_swaps_can_explain_oi_in_far_otm_puts/) \- I will be referencing these posts again. Additionally, this academic paper - [More Than You Ever Wanted to Know About Volatility Swaps](https://www.researchgate.net/publication/246869706_More_Than_You_Ever_Wanted_to_Know_About_Volatility_Swaps), and JPM's paper - [Variance Swaps](http://quantlabs.net/academy/download/free_quant_instituitional_books_/[JP%20Morgan]%20Variance%20Swaps.pdf), provide further detail also referenced. + +&#x200B; + +Variance Swaps are created at with a strike price ***K*** with payouts scaled to the notional variance value attached to the derivative ***N*** as highlighted in the example below - + +[Sauce - JPM Variance Swaps Paper](https://preview.redd.it/dokfgl7313081.png?width=1788&format=png&auto=webp&s=0b138607cf5fdad3edadc8c17dfd222531e5353a) + +[Calculating realized Vol using log return - Daily log change over 252 trading days via Ln\(Closing Price\/Prior Day Closing Price\). GME annual vol is currently \~200&#37;.](https://preview.redd.it/vlnpogzk13081.png?width=1697&format=png&auto=webp&s=044a6f81ee37f49e37e269e4b0a21c9fa41bb55c) + +Alternatively, instead of referencing the variance notional, contracts can be based on the ***vega notional***, represented by the average profit or loss for a 1% (1 vega) change in volatility. Typically, variance swaps have a notional vega of $100k. Dividing notional vega by 2\*K will give notional variance - + +[Note - K is the variance swap strike. While defined as the square of volatility, K can be derived through the option chain implied volatility and option strikes.](https://preview.redd.it/foxpnnx633081.png?width=1695&format=png&auto=webp&s=2c7628a45ab4c68e4d0f189b9dcd7764c252a934) + +Vega is the option greek related to the expected change in the value of an option relative to the underlying stonk's volatility, and I find it easier to use when analyzing VS. As volatility in the stonk rises, so does vega, which leads to increases in the option IV price, hence a higher option value. As options get closer to expiration, vega will decline, as theta (time decay) increases, and delta (option price move relative to stonk price moves) approaches either 1 or 0 depending on if the option is ITM or OTM. The strike price ***K*** relates back to the IV within the option chain, as this is the level where fair variance/par volatility of the swap is determined. Unlike other option greeks derived from moves in the underlying stonk (i.e. delta and gamma), vega is dependent on *implied* moves in the underlying stonk. Changes in vega do not require a change in the underlying stonk price, as increased option demand (buying) will cause implied volatility to rise, increasing the cost of the option via vega, without any changes in the stonk price. + +&#x200B; + +***K*** is determined by setting the future expected variance based on option IV equal to the initial fair value of variance at the time the variance swap is created, where T = time/duration of the swap, r = risk free rate/agreed rate of return, and S = Stonk price {S(0) = initial price}. Note, log here refers to the natural log, ln(), not log base 10 - + +[Sauce - More Than You Ever Wanted to Know About Volatility Swaps](https://preview.redd.it/u890872y63081.png?width=1276&format=png&auto=webp&s=46670feb6a42428aabf6ec2cc6cbf275659cd2df) + +Since option contracts do not have infinite levels of strikes, the integral here is theoretical, as in reality there are jumps between option strike prices, and the difference between strikes is not always uniform, and never continuous. Therefore, the integrals in the equation can be replaced with a term representing the portfolio of options used in reality, where w = the weight of each option strike used to create a portfolio of options that replicate the VS - + +[The terms within the \[ \] are insignificant when initially making a VS, so Kvar can be determined by using just the value of the option portfolio of calls and puts](https://preview.redd.it/joqzqarfa3081.png?width=1278&format=png&auto=webp&s=da98ff5c3d28359cf1f17a64abd69e65a38d8785) + +A hypothetical option portfolio that will replicate the realized variance of a stonk where S(0) = 100 and ATM volatility is 20%, increasing or decreasing by 1% with each strike lower or higher would be - + +[Total cost of the option portfolio = $419.87](https://preview.redd.it/guogmi7lc3081.png?width=1223&format=png&auto=webp&s=b51102a079c65a86d473bad46ff9db4bf3c4b565) + +&#x200B; + +***Kvar*** relates to variance, which is the square of volatility. The replicating option portfolio above has a cost of $419.87, based on implied volatility of the options; therefore by taking the square root of this cost, Kvar can be determined, i.e. sqrt(419.87) = 20.467 so Kvar = (20.467)\^2, making the variance strike price K = 20.467. Referencing the earlier screenshot of the JPM paper, the profit/loss of a variance swap at origination is going to be 0, as \[(volatility)\^2-K\^2\] = 0. I was confused how to determine K when first looking into VS, and while this explanation may leave you scratching your head, another example may help by using real world data directly related to GME. + +&#x200B; + +# v. Variance Swaps and GME - It's Simplex + +During the Jan sneeze when GME reached all time highs, and while GME was made "position close only", option trading exploded, and OI across all chains went into the millions. A significant portion of these option trades were deep OTM puts being purchased, indicating variance swaps were created and these option trades were made to hedge the VS. The most active chains were the 2021 Apr, 2021 Jul, and 2022 Jan, consistent with variance swaps being written with 3 month, 6 month, and 1 year time frames. Simplex purchased over 80k puts during this time, and now hold \~42k puts, as about half of the puts expired in Jul. These trades were almost certainly associated with the creation of a 6 month and 12 month variance swap on GME, likely using all available option strikes to hedge the short variance exposure created by the VS. Here is a summary of the trading in the Jan 2022 put chain during that time, compared to a few modeled VS option exposures - + +[Scaled \(25&#37;\) OI is actual OI\*0.25 to fit chart scale. Simplex VS likely uses all strikes.](https://preview.redd.it/idgrrwm8z2081.png?width=879&format=png&auto=webp&s=7b2e9dcbb0d1724cab2d5d54ccc9d529c239fd34) + +I used the Hoadley add in for Excel, which conveniently has tools to analyze variance swaps. Combining that with the historical option data from 1/22/21-2/8/21 pulled from [https://marketchameleon.com/](https://marketchameleon.com/) I created a weighted average profile of the IV and prices of the options from 1/25-2/2 to make a single chain to use in my analysis that closest resembled what IV and price inputs were actually used - + +[Screenshot of Excel Analysis with Hoadley Add In](https://preview.redd.it/8owzpe7hq3081.png?width=2304&format=png&auto=webp&s=9dc9fd2a88be2f62ffd01af6c8baed8f6982588d) + +Key data - + +* Annualized volatility = 225% -> Variance = 504% +* Cost of option portfolio = $49.1k -> One year forward value @ 2.75% interest = $50,466 +* K = sqrt(50,466) = 225 -> Variance Strike Level; Also happens to be the 1/29 close price of GME and level that closest matches IV in the modeled options vs weighted average IV from historical data. +* Total put option contracts needed for modeled portfolio including all strikes = 42,044 + +&#x200B; + +The option exposure needed to hedge a sale of a 1 year variance swap created around Jan 29, 2021 is almost exactly what the reported GME option holdings of Simplex Trading, LLC. It's like Simplex followed the hedging of a VS to the book, and after looking into the firm closer, doing things by the book fits the Simplex profile. Unlike many of the SHF in the GME saga, Simplex actually seems to operate a legit firm that relies on real trading to earn money without needing crime to generate alpha. [Simplex Broker Check](https://files.brokercheck.finra.org/firm/firm_153585.pdf) shows only two disclosure events since inception. The violations - not meeting net capital requirements. IMHO, Simplex saw the Jan events in GME as an opportunity to enter into a mean reversion trade where GME vol returned to pre-2021 levels, and they are operate outside Ken Griffin's international crime organization. Could I be missing something, sure - please comment if I am, but just because I don't expect intentional fuckery on Simplex's behalf, I do have concerns about their net capital history as there's still plenty of time left on the VS to blow up their VaR, causing systemic issues almost certain to launch the 🚀. + +&#x200B; + +# vi. The Simplex PnL - to be continued in Chapter 2 + +In Chapter 2, I will dig deeper into the PnL and potential VaR impacts this variance swap will have in regards to Simplex, how these swaps create system risks, and speculate on where the variance has gone, i.e. we know who the sellers of the VS are, but who was buying it? I hope to finish chapter 2 soon, but before leaving, I will show how Simplex's VS has performed to date by pulling the 252 day average realized volatility as provided by [https://marketchameleon.com](https://marketchameleon.com/) \- + +[Current Realized Vol = 191.6](https://preview.redd.it/gllj6g9717081.png?width=1558&format=png&auto=webp&s=8bc73e8106081d33eea4fdc0c8ba02d1f256d05e) + +Using this realized vol value of 191.6 with the excel Hoadley add in that calculates variance swap PnL (adjusting the notional to reflect $100k vega from the default $10k value), with the initial strike priced at 225, it shows the long side of the VS is currently down, meaning the seller (Simplex) is up, as 191.6<225 - + +[Simplex PnL Estimate = $13.9 Million](https://preview.redd.it/31i9s4b527081.png?width=419&format=png&auto=webp&s=cb8c0f7a4417a116d635dfe1ab2b2e4e46609e34) + +However, just because the trade is currently in the green, does not mean it will stay that way, as the large jumps in price have a material impact on VS PnL, due to the higher order pricing mechanics of options that lead to convexity of VS payouts, best described here - + +[Loses increase at a cubic rate with large daily price jumps](https://preview.redd.it/7yp5kc6n37081.png?width=504&format=png&auto=webp&s=eae4c139f8f15ac451a272b118210a7f7e43640f) + +&#x200B; + +See you soon for Chapter 2... + +&#x200B; + +Buy. HODL. DRS. + +🚀🚀🚀🌙🪐 +FDA approval: https://www.google.com/amp/s/amp.cnn.com/cnn/2020/08/23/health/covid-19-convalescent-plasma-eua-white-house/index.html + + +DOD Awards $750,000 to Plasma Technologies, LLC for Manufacturing of Convalescent Plasma Products Using a Novel Process in Support of the U.S. COVID-19 Response + +Source: https://www.defense.gov/Newsroom/Releases/Release/Article/2314525/dod-awards-750000-to-plasma-technologies-llc-for-manufacturing-of-convalescent/ + +Does anybody know if they have a parent company listed on the market? It appears they may be the primary manufacturer for the product + +Edit: Some of the companies involved with the development are +*ADMA Biologics +*CSL Limited +*Takeda Pharmaceuticals + +Source: https://www.businessinsider.com/covid-19-plasma-treatment-takeda-alliance-development-timeline-2020-6 + +Edit: ADMA UP 75% during after hours +http://www.cnbc.com/2016/06/06/the-truth-about-retiring-on-time.html + +That's a hellish chart in the middle of the article there. Looks like we're up from 16% to 22%. Somehow Japan and Ireland are the only countries headed the right direction. + +I had a big wakeup call when dad died before he could retire. That and a friend turned me on to MMM which led me here. I have a lot of things I intend on doing in life and very few of them involve me being cooped up behind this desk. +https://www.tesla.com/blog/update-taking-tesla-private?redirect=no + +Looks like this wasn't a whim. But also doesn't seem as secured as a 'done deal left up to the vote'.... somewhere in the middle. +I went back to the prices of altcoins (top 20 during those respective times. Which means the top 20 list changed from A to D below) from 2017 to 2020 and to see how they faired against BTC/ETH. There are different stages. + +A. 2017-18 Altseason + +Dec 3/2017 - present + +1. BTC (11323 dollars -> 34218 dollars): +202% +2. ETH (465 dollars -> 2261 dollars): +386% +3. Top 20 alts: +51% + +Dec 17/2017 - present + +1. BTC (19140 dollars -> 34218 dollars): +78% +2. ETH (719 dollars -> 2261 dollars): +214% +3. Top 20 alts: -32% + +Dec 31/2017 - present + +1. BTC (14156 dollars -> 34218 dollars): +141% +2. ETH (756 dollars -> 2261 dollars): +199% +3. Top 20 alts: -43% + +Jan 14/2018 - present + +1. BTC (13771 dollars -> 34218 dollars): +148% +2. ETH (1366 dollars -> 2261 dollars) : +65% +3. Top 20 alts: -56% + +&#x200B; + +Basically, if you look at the 2017-18 Dec/Jan altseason, your alt portfolio (had you bought at the time and held til today) underperforms badly compared to BTC and ETH. So in the long run, it would have been better off to just traded these alts or not buy any alts (on average) during this altseason frenzy. Notice that a lot of the alt portfolio from Dec/Jan would still be in minus today. + +Only ADA outperformed BTC (and ETH) amongst the top 20 alts. But ADA wasn't that popular at the time and I doubt there would have been many alt portfolio that predominantly just had ADA. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +B. Stagnant BTC summer of 2018 + +June 10/2018 - present + +1. BTC (6499 dollars -> 34218 dollars): +426% +2. ETH (500.45 dollars -> 2261 dollars): +351% +3. Top 20 alts: +178% + +June 24/2018 - present + +1. BTC (6173 dollars -> 34218 dollars): +454% +2. ETH (457 dollars -> 2261 dollars): +394% +3. Top 20 alts: +195% + +&#x200B; + +This was the summer times of 2018 when BTC had very low volatility and went back and forth from low 6K to high 6K. Alts corrected big time and everyone declared that bull market was over. Even during this time, it would have been better to buy BTC as opposed to alts. And notably, BTC outperformed ETH during this time. + +Some notable alt that emerged from this era was BNB. If you had known BNB would taken off, you would have yielded around 1000-2000% gains from purchasing BNB here (it outperformed BTC/ETH). But then again, not too many people went all in on BNB here. + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +C. Peak Bear Market of Winter 2018 + +Dec 9/2018 - present + +1. BTC (3614 dollars -> 34218 dollars): +846% +2. ETH (95.14 dollars -> 2261 dollarss): +2276% +3. Top 20 alts: +963% + +&#x200B; + +Dec 23/2018 - present + +1. BTC (3998 dollars -> 34218 dollars): +755% +2. ETH (130 dollars -> 2261 dollars): +1628% +3. Top 20 alts: +723% + +&#x200B; + +This was the dreaded low point in 2018 that involved the BCH hash wars. So this would have been the best time to buy the dip in retrospect. For the first time, top 20 alt portfolio would have outperformed BTC. But importantly, it would not have outperformed ETH. So some BTC+ETH combination would have outperformed the alts again. + +If you bought BNB and ADA here, you would have secured around +5000% profit. But then, how would we have picked just these winners and nothing else? Moreover, one thing to note is that ETC has performed relatively well through out all these phases. But perhaps that is due to ETC being overpriced at the moment. + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +D. Recovery of 2019 + +May 19/2019 - present + +1. BTC (8197 dollars -> 34218 dollars): +317% +2. ETH (261.29 dollars -> 2261 dollars): +765% +3. Top 20 alts: +243% + +&#x200B; + +June 23/2019 - present + +1. BTC (10855 dollars -> 34218 dollars): +215% +2. ETH (307.83 dollars -> 2261 dollars): +634% +3. Top 20 alts: +191% + +&#x200B; + +In mid 2019, BTC began its recovery with good news regarding crypto from China et al. Unfortunately, even having a top 20 alt portfolio here would have lost out to some BTC/ETH portfolio. The ongoing message is that it is very very difficult to outperform BTC+ETH. You only win out if you pick just the winners but how do we know this without hindsight? + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +In general, I would assume that 95+% of portfolios will not beat some BTC+ETH combination. Regardless of whether you buy at the top, at the middle, at the bottom of the bull (or bear) market, purchasing BTC+ETH is better than some combinations of top 20 alts. My own take is that if you do want to go for an all alt portfolio, you need to do very good research and only pick a couple of alts. The more alts you have in your portfolio, the laws of average will dictate that you will almost guarantee to lose out to BTC/ETH portfolio. For example, + +\- BTC+ETH+ADA portfolio from 2018 would have been very good. + +\- 100% BNB (line of reasoning: Binance will be king so BNB has massive room to move up) from 2018 would have been massive high risk/high reward move that would have paid off big time. + +\- BTC+ETH+ADA+XRP+Nano+IOTA+OMG+ONT+QTUM would have been bad. Too much diversification means you would rather go BTC+ETH. + +&#x200B; + +People should take caution when they prepare their portfolio. +Hello. 42m. Got literally 6k in savings and that's it. No retirement. Later in the spring I'll have a chance to save because my child support obligations will be fulfilled. My question is with the extra money, what's the best and quickest way to start saving for retirement? I'm a 1099 contractor, so no company 401 k matches or anything, it's all on me. My wife is a W2 employee, but just recently got a steady job a few years ago and has started a 401k and has maybe a little more in savings. Our house is paid for as well as my truck, but she has a car note. Any suggestions are welcome. We like to travel, and go on a few trips a year, nothing extravagant, mainly cheap airbnbs. + +Edit. I make around 38k to 42k a year before taxes +So, I make like 40k a year at my job. + +My sibling got accepted a job making 85k fresh out of college. I feel like a loser, that after 5 years out of college myself that’s all I make. + +I’m happy for them, but man I feel like I’ll never reach that amount. +In my 20's, I was single and working at a bank making about 30k. For me, this was really good as all I have is high school, and I guess I never expected more from myself. Before this job, I worked part time at a video store. + +All I cared about was retail therapy and partying. The credit card company kept raising my limit once I'd get close to max, and I'd keep spending it, making minimal payments every month. + +It took a while, but I eventually found myself in approx 15k credit card debt. Plus I leased cars and had zero savings or assets. I was also constantly in my line of credit, almost always in a negative balance except for the brief blip when I would get paid, before immediately spending it all. But who cared, I could make my minimum payments, had gorgeous clothes and purses, a newer car and no responsibilities (no kids and lived with my mom). + +I know now why I didn't care about my debt...it was because I didn't really care about myself. I know I suffered from low self esteem. I hid it really well though by my outward appearance (fancy clothes and shoes, staying fit, partying life). I figured as long as I looked good, nobody would notice all the extreme emptiness behind it, and behind me. But then I met someone really special in my 30's. He was humble, really kind, full of integrity, and unlike anyone I had ever met. I'll call him 'A'. + +I started to ask myself that if I was him, would I be proud of introducing me to others? Did I have any positive traits that I found attractive in others (independence, goals, kindness, etc)? And I knew I didn't have any of that. It was hard to admit. + +It took me four years, but I completely changed my life around. I stopped shopping, stopped partying, started paying down my debt aggressively (and I do mean aggressively, I had zero social life). I truly gave up everything. + + +'A' helped the homeless a lot, and I would start going with him. It's not like either of us had money, but we would just give time at the shelter making meals. Started accepting used goods from people we knew to give directly to homeless, like blankets, winter jackets, etc. He always kept granola bars and instant soup in his car in case he ever saw someone in need. And every Christmas, we save money to make hundreds of sandwiches to hand out on Christmas Day. + +After two years, I was FINALLY out of debt, but I wanted more. So I started actually saving money for the first time in my life, took about two years to save a small down payment, bought a cheap apartment, sold it after two years as it wasn't where I wanted to live anymore but had appreciated a lot in value, so I was very lucky. In that time, was also promoted to higher ranks in the bank from constantly hussling, with zero schooling. + +So ended up from being a girl with heavy debt, zero assets, no direction or hopes, to zero debts, sizable savings, and making approx $75k a year. For me, I had to change everything. I actually had to start thinking I was worth something. After I started to really believe that I could be better, someone that I liked and respected, I started working harder than I ever thought possible. I applied and applied for positions at the bank I wasn't qualified for, and outworked everyone that I could on every team I joined. I truly looked like an idiot sometimes, but I learned from mistakes and didn't make them twice. I started understanding the corporate world and for me, doing the OT, working on holidays, working on things nobody else wanted to touch started paying off. I currently have a job I feel absolutely unqualified for, but I realized that most of my managers appreciate constant hard work over being underqualified. I can be taught new skills, but not everyone is willing to constantly work hard, cause let's face it, it's gruelling. But I've always been the underdog and least qualified in every room, so I'm used to having to work twice as hard. For someone with just high school, I never believed I deserved to be in the company of others there. + +Now I'm married to 'A', and have a nice simple life. The best part is that I have no interest in spending money on myself anymore and give a substantial amount to charity. I am not rich, but I've got enough to be the giving person I've wanted to be. + +I just wanted to share all this because I truly thought that my life was going to be a dead end. I never expected anything of myself and I had already accepted that I would be a low income earner for life and why would I expect anything else? But now I feel that until your life ends, your life story is not necessarily a foregone conclusion. +Just so everyone is clear, yesterday's bump occurred because at 4pm California time when my wife and I gave birth to a beautiful baby girl. + +We all have Stella to thank for padding our wallets, and she has Ethereum to thank for her college fund :-) +Hey Ausfinancers! Long time lurker, first-time poster! + +So, I'm seeking some advice as the title suggests... I'm a 32 year old woman currently bunkering down with my parents during Covid-19. I was living with my partner of 5 years but we split up late last year due to career incompatibilities (his decision), then I had to have surgery in January to remove a 10cm tumour from my uterus and a bunch of surprise endometriosis in January this year. After the surgery, I sold off a lot of my assets and I planned to move overseas to restart my life in May and then BOOM global pandemic! It's safe to say that I've completely retired that idea. + +In a way, it's probably a blessing in disguise that I'm not overseas gallivanting around, as I had a checkup with a gynaecologist/fertility specialist and found out that, despite my health and fitness, I have the egg reserves of a 45 year old woman (thanks chronic, hidden endometriosis!) + +This news was incredibly harrowing and hard to bear, but I've bitten the bullet and decided to freeze my eggs because I have never considered the possibility of not having children in my future and if I don't get cracking *right now* my chances to ever conceive will be even worse. + +I have $25k in savings as a result of selling off my assets and starting to save seriously after paying off debts. Luckily, I'm still employed, working for the government in a sector that's not too vulnerable and I earn a decent wage <$100k before tax. I was going to use my savings towards eventually purchasing a 1 bedroom in Melbourne, but now that I have this impending biological doomsday heading my way, I'm reconsidering the feasibility of that plan. + +One round of egg freezing (consultation + hormones + surgery + anaesthesia) costs \~$8k - and given my reserves are low, I'll need probably 3 rounds to give myself a fighting chance of having a baby in the future. That's $24k - everything I have, but it wouldn't be spent all at once and I'd likely have this done over 6-9 months time. + +So Ausfinance, what do you think I should do? Spend all my savings? Or take out a loan, keep my savings and pay the loan off gradually? I was looking at ING as they offer a relatively low interest rate, compared to the loan company associated with the Fertility Clinic (MacCredit which offers 14% interest rate p/a!) A loan would cost more in the long run with interest factored in, but it'd give me the chance to pay this off slowly rather than take the big hit and then need to rebuild all my savings from scratch. It also goes without saying that we're in a recession at the moment and making big financial decisions like this feels a bit scary. I'm not sure what to do and would appreciate your thoughts/experiences. + +&#x200B; + +\-- EDIT -- + +Just wanted to share my thanks to everyone who has left their input, both financial and IVF related. It has really enlightened me to some options I hadn't considered and makes me feel much more empowered than before I made the post. Really helpful community - thank you all! +I’m currently feeling pretty lost in the direction I want to move in career-wise. I’m in my early 20s and I’ve got multiple different career paths that interest me, although they’re all quite different. So I’m just looking for any advice in decision-making, or what did you do to decide your own career path? +Hey folks, + +Based in Australia. + +Few questions within the post, so please read through if you have the time. + +**Current financial situation** + +Me, age 23 + +- Salary: $90k + super + commission (about $10k/year) + +- Time at current job: ~2.5 years + +Wife, age 22 + +- Salary: ~$60k + super + +- Time at current job: ~4+ years + +- Starting business soon, currently working on it after work to build a pipeline of work + +-- + +**We own an apartment together:** + +- Bought for $470k + +- Worth ~$500k now + +- Equity ~$250k ($115k cash/offset | $135k in the property) + +- One car between us, paid off, worth about ~$30k. + +- And probably $50k or so super between us, so around $300k NW between us + +- Savings rate is around 30-35% - aim to get to 40%+ (raise in salary would help a lot with this obviously) + +-- + +Looking to acquire first commercial property next year, and another approx. every 3 years (3 commercial properties by 30). We won't be stretching ourselves to do this from what I can see, unless there is economic downturn and we can't secure leases. + +-- + +Recently put the scouters out for a **higher paying job**. + +Been in the interview process for large corporates, mainly because it's starting to feel like I need big corp exposure on my resume to get anywhere (I've worked in all small businesses until now). + +Corporate is also more likely to lend itself to growth in management than staying on the tools. + +Went through 3 interviews recently with one, and it looks like they're going to try and put me into a less experienced role than what I was going after. Lot of stigma around younger people, bla bla. No dice, not interested. + +I don't think I'd enjoy the environment as much, but it is more money. + +I'm still feeling my way through my career and learning what I like/don't and what path I want to go down. + +Interviewed at a startup and they loved me, keen to bring me on. + +It's a brand new startup under a more established/growing business. + +Only slight worry is they've proposed to only match current salary and I'm waiting to hear more about the performance component they're proposing. + +It's worth saying that I think my income can continue to grow at my current workplace (it's grown $10k year on year since I started), but I'm dissatisfied with learning and mentorship. I've always been a passionate on the job/off the job learner, and never worked in an environment of people like me that can help take me to another level. This startup presents that opportunity, and allows me to stay more strictly within a vertical that I'm more passionate about. + +-- + +**Few Questions:** + +- At this point in my career, would I be best to chase money? Or to chase what is going to make me happy / learn more / etc? When I say chase money, I could realistically get a job for $120-130k at this point. + +- Does anyone have a success story joining a startup early on and experiencing exponential growth? What did it mean for your career? They've got a great early foundation, and I think they could be a prime candidate for acquisition/rapid growth down the line. + +- Are there any negotiation tips you'd recommend approaching a startup with? As I said, they're looking to match current salary, which is actually pretty reasonable for a startup, but I was looking for a raise going into my next move, and I'm worth it. As I said, the alternative to this is a $120-130k move into a large org, so I don't want to sell myself short. They are considering performance options to put to me, so is there anything worth negotiating in/asking for so early into the startups life that could largely benefit me as they grow? + +*Really interested in hearing from people that took a role at a startup, and can pinpoint that as a career defining move in their pursuit for FIRE. Right now, I can pursue a larger org job, jump from larger org job to the next and be sitting pretty in a decade. Or I can take some chances that may or may not come off. What's worth it? + +Thanks a lot! +Hello all - I have roughly $10M in assets, mostly in crypto. I'm looking to diversify my portfolio and take a more serious look at what to do with everything, how to reduce taxes etc. I'm looking for someone to help with the strategy of the big picture. My questions: + +\- How do you go about finding a good financial advisor (in Canada)? + +\- What should I be looking for? + +\- Someone suggested a family office. I'm single with no plans to have kids. Does that matter? + +\- What kind of fee structure should I have? What's a reasonable price? + +Thanks for your help <3 +Some want it to fail. Some want it delayed again. Some want it to happen and show the world how crappy, insecure and centralized POS is. I guess if there was anything else happening in the bitcoin network besides a TX per hour or 2 or 5 then they'd probably be focused on something else. + +The bottom line is as we approach OUR long awaited merge don't let anyone of these jealous podcaster, you tubers, redditors and twitter punks deter you from your goals and beliefs. You came here for a reason. I suggest you stick to it. We are merging whether they like it or not. + +EDIT: Want to thx every1 who tipped this post with yummy donuts. Sadly they have not been received. MM, HS, DF show 0 balance. GC shows tx confirmed but shows I have no donuts. Is this something new? Anyway. We merge in a few weeks. ETH ON! +Reasons to be bullish: + +* More security audits +* More critical investors, less misallocation of funds +* More ETH in strong hands (most important) +* Ethereum is driven by a consensus algorithm, this means we can together invalidate whatever transactions we consider harmful to the network. This makes our network extremely strong. The proposed changes in the softfork will allow anyone to propose invalid blocks. Since getting a majority is no easy feat, this cannot be easily exploited. +* Network difficulty remains over 50, signaling strength +* More robust and leaner development +* Weak hands are out for good now, only investors that see the real potential remain +* Next bounce will be more swift and stronger than before due to fewer weak hands +* New DAO will be leaner and smaller, possibly making sure that no funds are misallocated. Too much money in fund = easy misallocation +* Vitalik and Co have proven they can handle a crisis +* Community is coming together to fight attack + +________________________________ + +All of this has shown me one thing: There are some people that oppose the fork because of philosophical reasons that it may disprove the value proposition of the entire platform and others that are more pragmatic that understand that we actually need this to grow. + +Ethereum is a platform that works via a consensus algorithm. So right from the beginning it was apparent that we together have the power to decide which transactions are valid and which transactions are invalid. Thats how it works fundamentally, right? So why people are complaining about it now is beyond me. This makes us stronger, not weaker. We can fight things that Bitcoin for example cant fight against - at all. + +This is a distinct difference that will help us grow and gain mass adoption, because unlike Bitcoin we have tools to fight fraud. I am pretty sure it wont happen a lot since you need to convince the majority of the network that its the right thing to do and we have seen how difficult that is but its good to know that at least we have the option to act on something if we can get everyone behind it. + + + + + + + + +Don't get me wrong, I'm still going to be buying BTC. The fundamentals haven't changed and the entire market will continue to follow BTC I feel like. (Unless ETH eventually flips it?? wild??) With that being said, I'm going to be buying a lot more Ethereum because of just how much potential this network and it's ecosystem has. + +I don't believe anyone truly involved in the Ethereum ecosystem is concerned about price fluctuations. Development is moving faster than ever, confidence in the network and L2s such as Polygon is higher than ever, and the noise surrounding "eth killers" has subsided significantly. ETH is doing nothing but moving forward. And, as a latecomer to the game, I'll take any discount I can get. + +Ethereum has the biggest ecosystem by a landslide. The merge is right around the corner. Sharding is going to be making scaling easier than ever. L2s are all moving to ZKPs which is pretty much the future of the blockchain. Networks like Polygon have been putting in 1B$ towards ZK research. ZKsync and Loopring are putting in amazing amounts of work as well, all of these big players are working towards the common goal of making Ethereum better. + +How could you not believe in Ethereum at this point? How can you be anything but bullish? I pity people who aren't familiar with market cycles and are FUDing Ethereum. You have a lot to learn poor souls. +The other day me and a few friends, all of us into crypto since more or less one year, met up for a dinner and a talk. We constantly keep in touch through Telegram, each one is a news aggregator for others, and since the dinner happened right at the beginning of this dip (or small correction or whatever you wanna call this breeze we're going thru ATM) we ended up talking about "The Bubble". +Yeah, that mythological thing that once every now and then appears on the mainstream media. + +&nbsp; + + +Apart from the doom and gloom stuff and all the what ifs, we ended up with this idea (I wouldn't call it a prediction, since the source would be my ass, just a point of view): + +&nbsp; + +the DotCom bubble exploded around 3 trillion USD, and it took almost two years to bleed it all out until the market cap reached roughly the 10% of the previous ATH. +If we calculate an AVG 2% of year inflation we have US$ 3T*(1.02^20)= US$ 4.4578T which is the actual value of US$ 3T from 20 years ago, considering "The Bubble" popping in 2019, 20 years after the ATM of the DotCom Bubble (I know, it's probably less tha 2% a year, since the subprime crisis completely fucked up inflation because of the keynesian tradeoff with unemployment, but there was QE and bla bla bla). + +&nbsp; + + +SO: let's assume that "The Bubble" will pop in 2019, and it will be of the same size of the DotCom but adjusted for inflation. Sounds like something solid, a threshold to look for, it might or it might not happen but damn 4 to 5T dollars starts to sound like something huge. + +&nbsp; + + +Or maybe... NOT. + +&nbsp; + + +What we thought, drinking too much, was that the DotCom Bubble was limited by the fact that the access to the market was restricted to people that were able to invest in NYC stocks. +Even investors in Europe, 30 years ago, generally were not informed enough, didn't have anyone to help them investing there and didn't have the ubiquitous internet connections we have today. +THEY DIDN'T HAVE EXCHANGES WHERE THEY COULD OPERATE ON THEIR OWN, WITH SMALL AMOUNTS OF MONEY. +As someone said, it's still early. Not only because a lot of people still don't know anything about crypto, if not the mainstream FUD, but mainly because this market is aggregating capitals from all over the planet. +Because big institutions and many banks and companies still have to move in this field. And if they already did, they did it with just a small amout of the funds they would pour in a regulated market, with proper liquidity and where there is no asshole à là Roger Ver owning a shitload of coins and who's ready to dump his shit on everyone to manipulate the prices. + +&nbsp; + +I don't know if crypto will ever replace fiat (IMO: no) or if they will just facilitate a seamless and decentralized payment experience, faster and cheaper than anything we know but at the same time as hidden and unimportant to normies as the systems that make a VISA tx possible. +I dunno if "The Bubble" will ever pop or poop, or when. But I think we might have to reach something like 10 to 30 trillion US$ before we do, cuz this is the first real global economic/financial movement, and it's starting from the base this time. + +&nbsp; + +There will be regulations and it will be a freaking rollercoaster. Some dickhead Minister of Justice will break our balls with some iron fist bullshit, you can bet that it will happen again, but I think this stuff is here to last: there is much much more than money transfers, it's a revolution in how we handle informations. + +&nbsp; + +Keep it in mind when you spend time talking about price action: learning some stuff about the tech behind blockchains could lead you to a new job or to your own company, in a few years from now... and my guess is that anyway I will not want to fidn myself in 2050 without knowing some coding. Do you?! ;) +Insurance won't go through. Went in 45 days ago and they called me about this today. + +Wtf do I do? Can I sue? How can they charge 4500 to tell someone to take Tylenol? They didn't do anything like an X ray or anything like that. Made me wait for 2 hours in the waiting room, a nurse felt up my back and told me to take Tylenol and I was out. They didn't even give me anything. Today is the first time Im hearing about this. + +Edit: I didn't want to go to the emergency room but my mom strongly insisted till I gave in. (she has that thing where she thinks everything is a disease) +I’m the CFO and cofounder of a marketing company. We started in 2018 and are up to about $30M in revenue with $2.5M in ebitda. Expect to be at $4M ebitda next year. + +The company has 44 employees and a light manufacturing facility. My partner and I pay ourselves relatively high salaries ($750k combined) for the work we do. + +I’m starting the process of talking to PE, M&A Advisory firms and other larger companies in the space to sell the business. I’d love some FatFIRE advice on pitfalls to avoid, things I should start doing now, structuring the business so it’s easier to sell, etc. + +We are targeting a 6x multiple and hoping to add back part of our salary to that multiple. Especially mine as I’m on the finance side and have hired and trained someone to do almost all my day to day work. +How did you exit your company? Did you agree to an earn-out? Did you achieve the performance goals and get paid in full, or did something prevent you from doing so? + +My guess is that a lot of people on this sub have successfully exited companies they founded or joined early enough to be considered one of the key personnel so I thought this might be a good place to raise the topic. + +In many situations, the acquiring company will structure the deal in a way to secure ongoing involvement of the founders and key personnel where a percentage (25% - 75%) of the purchase price is held back and delivered 2-4 years later after performance goals have been met. The problem is that the seller often never realizes those future payments for a lot of different reasons. + +Earlier this year I successfully sold one of the companies I co-founded and am now pretty comfortably in Fat-FI territory (NW over $12M). My goal is to exit my other company in June, and my business partner and I have started the process of taking it to market. As a services company, there is a strong likelihood that the buyer will require key personnel to remain involved in leading the company in the near term. My partner is willing to stay on through a multi-year earn-out, but I am looking to exit asap (dependent upon the terms of the deal of course). This means that I will potentially forfeit my portion of the earn-out which could be as much as $2M or more. There is also a chance that the earn-out is never achieved which means it will have been for nothing (except maybe salary). + +It sounds kind of crazy to walk away from that much (potential) cash.... but the clock is ticking (I'm mid-50s), so it is the classic conundrum: which do I value more? Time or money? For me, it's time. + +I'd love to hear people's stories. Did you have a successful exit? Is there anything you might have done differently? +I’m the CFO and cofounder of a marketing company. We started in 2018 and are up to about $30M in revenue with $2.5M in ebitda. Expect to be at $4M ebitda next year. + +The company has 44 employees and a light manufacturing facility. My partner and I pay ourselves relatively high salaries ($750k combined) for the work we do. + +I’m starting the process of talking to PE, M&A Advisory firms and other larger companies in the space to sell the business. I’d love some FatFIRE advice on pitfalls to avoid, things I should start doing now, structuring the business so it’s easier to sell, etc. + +We are targeting a 6x multiple and hoping to add back part of our salary to that multiple. Especially mine as I’m on the finance side and have hired and trained someone to do almost all my day to day work. +[Uncertainty and the Welfare Economics of Medical Care](http://www.aeaweb.org/aer/top20/53.5.941-973.pdf). + +> This paper provided a framework for thinking about the economics of the market +for medical care using the language and tools of modern microeconomics. It argued +that the aforementioned market is beset by market failures because consumers are +exposed to risks that are not fully insurable (in large part due to problems of moral +hazard), and because they lack the information and expertise required to assess +risks and treatments. It hypothesized that various salient features of the institutions +governing the provision of medical care are best understood as social adaptations +aimed at redressing the resulting inefficiencies. It also noted that in some cases those +institutional adaptations undermine competition and perversely contribute to ineffciency. Though written well prior to the emergence of the formal literature on asymmetric information, the paper anticipated many of the central issues that continue to +occupy health economists today. +Rowket Market is scheduled to release their highly anticipated NFTs marketplace in a couple of days. This project is from the same dev as Lightning Protocol which did over $50 million in market cap. Currently Rowket is sitting on a little $7 million market cap with a big upside potential. + +&#x200B; + +They're also the first project on BSC considered as an artist incubator. They're already signing up artists and incubating them to showcase their work once the marketplace releases. + +&#x200B; + +Future plans include NFTs farming and NFTs lending where you could use your NFTs as collateral to take out trustless loans. + +&#x200B; + +They just got listed on Blockfolio. CoinGecko and CoinMarketCap are applied for and awaiting listings. + +&#x200B; + +Are you an artist? Go check out their website and apply to get incubated. + +Website - [https://rowket.org/](https://rowket.org/) + +TG - [https://t.me/RowketCommunity](https://t.me/RowketCommunity) + +Pancakeswap: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x5ddAe05d2f854926E8070b435d2dfe5edCa246D9](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x5ddAe05d2f854926E8070b435d2dfe5edCa246D9) + +Chart : [https://goswappcharts.web.app/?isbsc=true&tokenId=0x5ddae05d2f854926e8070b435d2dfe5edca246d9](https://goswappcharts.web.app/?isbsc=true&tokenId=0x5ddae05d2f854926e8070b435d2dfe5edca246d9) +# Intro + +If you've followed my [previous](https://www.reddit.com/r/Superstonk/comments/mkvgew/why_are_we_trading_sideways_why_is_the_borrow/) [posts](https://www.reddit.com/r/Superstonk/comments/mkju4s/srdtc2021004_and_srocc2021801_for_apes/), my personal conclusion is that there are big forces holding the squeeze back primarily because the key players in this ecosystem in DTC and OCC are currently exposed to the default of its members. This is contrary to the more popular notion that DTC, OCC, NSCC are assembling tools to force the margin call of the shorts. + +As I have said: shift your mindset from "*Citadel is shorting the market*" or "*It's a battle between Short HF and Long Whales!*" to "*DTC, OCC, SEC,* ***and*** *the shorts are preparing for the squeeze*" + +First, let's take a look at who the members of DTC and OCC are: + +* DTC: [https://www.dtcc.com/-/media/Files/Downloads/client-center/DTC/alpha.pdf](https://www.dtcc.com/-/media/Files/Downloads/client-center/DTC/alpha.pdf) +* OCC: [https://www.theocc.com/Company-Information/Member-Directory](https://www.theocc.com/Company-Information/Member-Directory) + +Just a cross section: + +|*Member*|*DTC*|*OCC*| +|:-|:-|:-| +|Apex Clearing|✔|✔| +|Barclays|✔|✔| +|Bank of America|✔|✔| +|Charles Schwab|✔|✔| +|Citadel Clearing|✔|✔| +|Citadel Securities|✔|✔| +|Credit Suisse Securities|✔|✔| +|Deutsche Bank|✔|✔| +|Goldman Sachs|✔|✔| +|Interactive Brokers|✔|✔| +|JP Morgan|✔|✔| +|Merrill Lynch|✔|✔| +|Robinhood Securities|✔|✔| +|TD Ameritrade|✔|✔| +|UBS Securities|✔|✔| +|Vanguard|✔|✔| + +Note who's in both of these organizations: + +* Our favorite chumps: Citadel and Robinhood +* The shark of sharks: Goldman Sachs +* Goldman's punching bag: Credit Suisse +* A big time GME long: Vanguard + +Also make a mental note of *who's not in this list.* + +While there has been intense focus from the community on **SR-NSCC-2021-801** which would potentially increase liquidity requirements and force a margin call on shorts, I think that this line of thinking is missing a critical aspect: margin calling the shorts right now would literally blow up the market. + +A post by u/jamiegirl21 on [an SEC filing detailing the merger of Northern Star and Apex](https://www.reddit.com/r/Superstonk/comments/mq4gfi/sec_filing_merger_with_brokarage_detailing/) reveals this on page 180 with regards to a legal action against Apex for the actions on 2021JAN28: + +[\\"Apex, along with over 30 other brokerages...including...Citadel and DTCC engaged in a coordinated conspiracy...\\"](https://preview.redd.it/wrdhfcsbb5t61.png?width=909&format=png&auto=webp&s=f76e0e7574f90dd2c6c3b3b00a233370117682e9) + +# Enter [SR-DTC-2021-004](https://www.sec.gov/rules/sro/dtc/2021/34-91429.pdf) (Effective) and [SR-OCC-2021-003](https://www.sec.gov/rules/sro/occ/2021/34-91199.pdf) (Pending) + +I'm rehashing my earlier post, but it is important to frame why these two proposed amendments to **existing rules** are important to understanding how the key players are positioning at the moment and why it's no longer about the margin call. + +From page 14 of SR-DTC-2021-004: + +[SR-DTC-2021-004 proposed rule change which is already in effect](https://preview.redd.it/1e9tvuo4z6s61.png?width=669&format=png&auto=webp&s=e146d6c0cf8bd02493246d6eea5dda65d9eba92b) + +And page 11: + +[SR-DTC-2021-004 focuses heavily on how to manage defaulting participants and possible failure of DTC itself \(page 19 section \\"Business-as-Usual Actions\\"\)](https://preview.redd.it/2f27r0pk17s61.png?width=656&format=png&auto=webp&s=ba62d8220206cfe0387c844e7b7dced861c9dace) + +From page 10 of SR-OCC-2021-003: + +[SR-OCC-2021-003 proposed rule change which was extended to MAY31 based on a filing by SIG](https://preview.redd.it/xvq2xutnz6s61.png?width=644&format=png&auto=webp&s=0d04693b1f9f3ffae0bf6bd82d106cac325e999d) + +What you should take away easily from reading both of these is that there is a **common theme**: DTC and OCC members are shifting how they pay out from their common member funds in the event of a member default. + +In other words, DTC and OCC members would previously have paid out of the common member funds to "cushion" a defaulting member and ensure continuity. But DTC-004 and OCC-003 change the language to make sure that the defaulting member's *own contributions* (in the case of OCC-004, it even adds a new Minimum Corporate Contribution) are drawn first and then assets are used as collateral ("*charging participants on a pro rata basis*") for access to member funds. DTC-004 even says "*DTC may, in extreme circumstances, borrow net credits from Participants secured by collateral of the defaulting Participant*" or "we use the defaulting participants assets as collateral for liquidity before we pay". + +So let's circle back to late 2020 and JAN28: DTC and OCC notice these anomalies in the market. They step in to allow RH and Citadel to bend the rules to stave off pretty much certain doom. The "BUY" button literally disappears from Robinhood for crying out loud! SEC doesn't object because the whole system was about to crash down. So the objective is first and foremost to do what is necessary to stop imminent collapse. Then they start quickly drawing up the necessary changes to their own charters to protect themselves from the the tsunami of shorts uncovered through these events. + +This doesn't mean that the shorts have covered; it means that they are not allowing the shorts to fail just yet because the system itself is not yet ready for this shock. + +To that end, I believe they have used existing models to simulate the squeeze and the outcome: + +[SR-DTC-2021-004 page 12: \\"in light of observations from simulation of Participant defaults\\" and \\"multi-member closeout simulation exercise\\"](https://preview.redd.it/zx2v2gduc7s61.png?width=682&format=png&auto=webp&s=4dfc7e2bac84b54f7e26a152c2f16ca9b801561e) + +They are adjusting their Corridor Indicators "*in light of observations from simulation of Participant defaults*" which includes a "*multi-member closeout simulation exercise"* and have decided that these changes are necessary to protect the system. What are these indicators? + +[\\"Corridor Indicators include, for example, the effectiveness and speed of DTC's efforts to liquidate Collateral securities...due to any Participant Default\\"](https://preview.redd.it/tfwnzkqec5t61.png?width=761&format=png&auto=webp&s=bc4f43106be73ba612ad2c5883b1e4e4df00a5cd) + +# Enter [SR-OCC-2021-004](https://www.sec.gov/rules/sro/occ/2021/34-91445.pdf) (Pending) + +This one is the real kicker. After I read this the first time, it got me thinking about [why we're trading sideways](https://www.reddit.com/r/Superstonk/comments/mkvgew/why_are_we_trading_sideways_why_is_the_borrow/) and inspired that post. + +Primarily, OCC-004 amends existing agreements between OCC members with regards to member suspension and handling of the suspended members' assets: + +[SR-OCC-2021-004 background on the underlying member agreement being updated](https://preview.redd.it/m1uyk3xw87s61.png?width=539&format=png&auto=webp&s=56dc0ad559d4ed602a64b4f7b9542a31aa5925c1) + +Once again, we see the same theme in the wording: "*necessary for the protection of OCC, other Clearing Members, or the general public*" and defines the conditions for which a member will be suspended. + +There are a few interesting parts of this document, however. First, the primary proposed change is to "*facilitate the process of on-boarding Clearing Members and non-Clearing Members as potential bidders*". + +Page 4: + +[There are two changes related to this broadening of bidders in an auction.](https://preview.redd.it/m5k73hen97s61.png?width=537&format=png&auto=webp&s=fcd039a4aeed3753da6f3ead82aae9dbbc0849c8) + +Change 1 on page 4: + +[Previously, even Clearing Members needed to qualify separately, but now all members qualify by applying.](https://preview.redd.it/slxyvodz97s61.png?width=527&format=png&auto=webp&s=ca8e7e5661147aafab2bf032b7a471677f4a1eae) + +Change 2 on page 5: + +[Now Non-Clearing Members have a streamlined process to join the bidding process.](https://preview.redd.it/4tshf86da7s61.png?width=535&format=png&auto=webp&s=dd08f04b12d264d77737ab0147efce197b943e67) + +Before we continue, look at that table above and you'll see some notable GME long entities who are ***not*** DTC or OCC members: **BlackRock** and **Fidelity** among others. + +So if we connect these with DTC-004 and OCC-003, it all dovetails with the same theme of how to wind down the current market tension with minimal impact to DTC, OCC, and the general well-being of the markets. + +After I read this, I was convinced that the reason we're not going anywhere is because no one wants the system to fall apart until these "firewalls" are in place to protect the non-defaulting DTC and OCC members and the market itself. But furthermore, it's about wealthy entities lining up to feast on the discounted assets liquidated from the defaulting OCC members via the auction process. OCC-004 eases the on-boarding of non-Clearing Members (BlackRock? Fidelity?) to the bidding process. + +If you are Goldman Sachs, perhaps this is a reason to [acquire some liquidity](https://www.bloomberg.com/news/articles/2021-03-27/goldman-sold-10-5-billion-of-stocks-in-block-trade-spree) and [cripple a competitor](https://www.cnbc.com/2021/04/06/goldmans-risk-controls-worked-well-during-archegos-fire-sale-ceo-solomon-says.html) that decides to [do something...interesting on APR06](https://preview.redd.it/j573z1g5s9s61.jpg?width=1920&format=pjpg&auto=webp&s=3a6179ac8fa3de32ba4e5e2137c13dde76c85a18). + +Therefore I believe that OCC-004 is a critical piece of the member agreement changes that is required before we are "allowed" to squeeze. Any other change that introduces a tool to margin call the shorts is a secondary tool. + +# What's This About a Shell Game? + +OCC-004 goes further and this is where on second reading, it gets **REALLY INTERESTING** (YEAH, I REALLY WANT TO EMPHASIZE THIS) on page 5: + +[\\"OCC proposes to eliminate the pre-qualification requirements related to non-Clearing Member's trading experience\\"](https://preview.redd.it/er7fzo2xa7s61.png?width=530&format=png&auto=webp&s=a68fcfcb7cb8fe77f1d16dd439106a45da80815d) + +So in other words, prior to OCC-004, non-Clearing Members had to "*actively trade in the asset class in which it proposes to submit the bids and must actively trade in markets cleared by OCC*" to participate in the auction bidding process. + +After OCC-004? "*OCC proposes to eliminate the pre-qualification requirements related to non-Clearing Member's trading experience*". Anyone can join the auction bidding process by application. + +**Don your tin-foil hat with me for a moment**. If you are one of the DTC and/or OCC entities that's about to get wiped out by this and all of your assets are about to go to auction, how can you still "win" this game? Why would you go along with this? >!What if you use this window to shift some capital and assets to a new shell company that has no "trading experience" and you simply bid and buy back your assets at a discount through that shell company? What if you're a rich billionaire and you know that one of your competitors is about to be wiped out? !< + +[Hmmmm....could it be?](https://www.reddit.com/r/GME/comments/mit0eu/the_everything_shortcontinued_citadel_spacs_and/) + +# Conclusion? + +If you've been following my posts and you've been following my train of thought, then my take is that at some point late 2020 through late January 2021, there was a sense that they wanted to margin call these shorts and get it over with ("Let me just pop this zit"). When DTC, OCC, and SEC realized how bad the situation was ("That's not a zit, it's melanoma"), they changed course to try to hold everything steady while they readied the "*medicine*". + +Therefore, we've been trading sideways since MAR16 (with a few shenanigans here and there) simply because any volatility could blow this all up before the firewalls are in place. + +Before the defaults are allowed to happen (via SR-NSCC-2021-801 or otherwise), these three key pieces need to be in place for an orderly wind down: + +|*Proposed Change*|*Filing Date*|*Review Window*|*Extension Window*|Effective?| +|:-|:-|:-|:-|:-| +|SR-DTC-2021-004|2021MAR29|Immediate||✔| +|SR-OCC-2021-003|2021FEB24|45 days|90 days|✖| +|SR-OCC-2021-004|2021MAR31|45 days|90 days|✖| + +[OCC-003 was recently extended to 2021MAY31 based on a comment from SIG](https://www.reddit.com/r/Superstonk/comments/mm8pnz/update_from_sec_on_srocc2021801_aka_srocc2021203/) so we are looking at a possible timeline that extends right out to just before the GME shareholder meeting. + +Keep your eye on these two pages for updates: + +1. [Daily SEC update](https://www.sec.gov/news/whatsnew/wn-today.shtml) +2. [Archive of SEC updates](https://www.sec.gov/news/whatsnew/wn-archive.shtml) + +I also think that some of the recent DFV tweets have a message focused on patience that is highly relevant. In particular, [this tweet (turn on the sound)](https://twitter.com/TheRoaringKitty/status/1380196363774918657). Listen to the dialogue very carefully. >!"Why is this happening to me?" "It's OK bud, it's just from the medicine, OK" "Is this going to be forever?" "No, it won't be forever"!< +Just read [this article](http://theweek.com/articles/790578/corporate-debt-ticking-time-bomb) entitled "Corporate Debt is a Ticking Time Bomb" and it got me thinking. This debt binge has been a result of the historically low interest rates which probably lessens the concern but this caught my eye: + + +\> "Ostensibly, the reason companies borrow is to finance expansions. Yet business investment in the economy [fell over the same period](http://theweek.com/articles/587462/giant-corporate-money-hose-nowhere) that borrowing increased, and is now at astonishing lows. But even as the correlation between borrowing and investment broke down, the correlation between borrowing and payouts to shareholders [tightened up considerably](http://rooseveltinstitute.org/disgorge-cash-disconnect-between-corporate-borrowing-and-investment-1/). Part of the reason is dividends. [But an even bigger part](http://theweek.com/articles/538864/evil-stock-buybacks-how-corporations-became-atms-superwealthy) is share buybacks, which were deregulated in 1980 and have now grown [to epic proportions](https://www.nytimes.com/2018/05/18/business/tax-cut-stock-buybacks.html)." + +If the debt isn't growing the business and just paying out shareholders, while great for investors, doesn't improve the business's bottom line down the road. +I have about $70k and increasing with inflation. Besides a reduction in salary if this ever increases are there any other reasons to pay it off if I were to come into possession of a lump sum? +They take it into consideration when applying for a loan too but more so servicing.. +We're building a platform that removes property managers from the owner/tenant relationship. + +instead, all services performed by a PM (maintenance requests, access to approved tradespeople, inspections, re-leasing, collecting signatures, and rent payment etc) will be managed in an end-to-end encypted app on phone/tablet or desktop. + +This can save most property investors between 4% and 6% annually, over the life of their investment. + +Would you use it, or prefer to pay the money to have a middle man (PM)? +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Bought in a week ago in anticipation of their 4E (preliminary annual report), so a warning that I'm quite biased and optimistic. The company looks good in terms of fundamentals but is really unnoticed. Currently trading around 11x P/E looking for any alternative opinions to stop me from going degen gambling like my Z1P bagholds. + +Essentially it was a failed mining company that turned into a debt restructuring company in 2018 operating in Hong Kong. Debt restructuring = helping financially distressed companies and businesses. It's a micro cap stock which is probably the reason it's gone under the radar without much interest. With covid screwing so many businesses and economies, it makes sense for business to improve for CI1. Lots of emphasis on expansion and it's already expanded into Singapore and Australian markets. + +I couldn't find much research out there for the company and the research that I did find was probably biased or not very useful such as their page on [simplywall.st](https://simplywall.st) which compares their 5 year annual earnings to the market when they've only been a debt restructuring company for 2 years (so the 5 years includes the fked up results from their years as a screwed mining company). + +[Doesn't make sense to look at 5 year earnings growth when they've only been a debt restructuring company for 2 years.](https://preview.redd.it/qnwu67ibhvh51.png?width=1064&format=png&auto=webp&s=e2865f7ec692ccb6658ce8e5678aa1ca14733686) + +So having a look myself, they were super under the radar until January this year when they released unaudited profit guidance and later in February when they released their half year report for 2020 with pretty good numbers. + +Profit guidance: + +Full year PAT attributable to CI1 shareholders forecast at around **\~A$2.6m, a 420%** increase over FY 2019. + +And the report highlighted: + +Profit after tax increased by **+355%** to $1.25 million over the previous half year. + +Revenue increased by **+116%** to $6.1 million over the previous half year. + +&#x200B; + +Numbers seemed pretty insane so I looked at previous reports as well. Gathered some numbers. + +https://preview.redd.it/8qgmkhqqpvh51.png?width=932&format=png&auto=webp&s=31cfb1de1a86fc46885106eb069935f9d979945e + +In the past 18 months, Hong Kong has been getting hit hard with anti-gov protests, and also by coronavirus (wave 1 and 2) so it makes sense for debt restructuring businesses like CI1 to be booming. + +They've had some other announcements since the report of huge growth early this year. They've secured a $5 million equity funding facility with LS Whitehall Group, Inc. to secure funding for their expansions, and also negotiated terms that allow them to receive additional funding based on performance of their shares (so incentivises management to do well). The extra negotiation allows them to receive non-dilutive funding as more funding is only received based on good share performance. + +In terms of their expansion, so far they've acquired 60% ownership of Singapore based ICS Funding Pte Limited and also 60% of Hup Hoe Credit Pte Limited, both of which are already profitable. They've also acquired 60% of an Australian debt restructuring company, Chapter Two Holdings Pty Ltd for which they'll only pay around 4x NPAT. + +The Australian acquisition has similar conditions to the 2 Singapore companies, both of which are on track to meet the Profit Guarantee. + +https://preview.redd.it/epnmiu2o0wh51.png?width=699&format=png&auto=webp&s=df71d2a5aa8237b00eff7026d2fe70be3cd539b5 + +&#x200B; + +In addition, they also reaffirmed the profit guidance in June: + +Projected revenue for the year to 30 June 2020 is forecast at around \~A$13.5m (FY 2019: $6m) up **125%** on pcp, and forecast 30 June 2020 NPAT is around \~A$2.6m (FY 2019: $0.5m) a **420%** increase over the prior year. + +&#x200B; + +**Insiders also own a significant part of the company**, many websites say >70% is owned by insiders but not sure how accurate/up-to-date that is. + +[from their investor presentation](https://preview.redd.it/ot5pur1b2wh51.png?width=728&format=png&auto=webp&s=3fad24ad0d0f81f0ce94b23d91f7f59bfbba6d53) + +TLDR/summary: If you cbbs reading, + +\- Debt restructuring insolvency business doing good, trading at a low P/E + +\- Profit guidance of +420% reaffirmed in June 🌿🌿🌿 + +\- Insiders own a lot of the shares + +\- The last two prelim annual reports (Appendix 4E) came on the 23/8 for 2018 and 28/8 for 2019 so expecting an announcement in the next few days/next week. + +\- TA below, broke bearish trend today but everyone knows TA is a meme right guys :\^\^\^) + +https://preview.redd.it/2ghukl15xvh51.png?width=1352&format=png&auto=webp&s=4d54ae5dc2ded61158e4e57f8eb9e2f5ebfcad36 + +&#x200B; + +Also just cos I do own the stock and don't really know the rules on DD and don't want ASIC fking my ass for some reason, + +Disclaimer: This is not intended as legal, financial or investment advice and should not be construed or relied on as such. Before making any commitment of a legal or financial nature you should seek advice from a qualified and registered legal practitioner or financial or investment adviser. +**Disclaimer for this post:** This isn’t financial advice – always do your own research. + +A TLDR will be available at the bottom of the post for all the ASX Betters who are too busy to read this whole post or who are otherwise not going to read it all. + +To start this off, let me say that I was originally planning on writing a longer and more in-depth due diligence post regarding 3DP but after yesterday’s amazing bull run I thought that I should offer some quick and to-the-point DD that will hopefully make you understand why I think the company is a great stock to invest in. + +Pointerra analyses, manages and monetizes customer’s 3D data for them. Pointerra’s key competitive advantage lies within its software’s ability to analyse data quickly, efficiently and accurately at mass scale. Like many others, I was made aware of 3DP after legendary Australian tech entrepreneur and investor Bevan Slattery invested 2.5M into the company at 5c a share. As you may be aware, the news of his investment alone caused the share price to soar, more than doubling within a single day. The company has since used the extra capital to fund the recruitment of cloud developers and software salespeople accelerate the firm’s growth. + +Originally when I was writing this post, the share price was 48c with a market cap of 325 million. After yesterday’s surge, 3DP’s share price has increased by 25.77% to 61c, making the market cap 409 million. From what I’ve gathered, the recent price increase has largely been caused by anticipation of positive announcements this week. The company is soon due to announce the outcome of their capability demonstrations with the US government, in addition to the soft launch of their 3D marketplace and quarterly results. An announcement was made on the 1st of September which made the stock price surge, claiming that US growth has enabled a 39% growth in ACV, leading for the company to be profitable on an ACV-run basis. + +I predict that we will see an ongoing trend of strong performance going forward; Slattery’s stake in the firm has allowed increased capital allocation into hiring people in key areas, especially sales which could see ACV spike within the coming months. This, coupled with Slattery’s expertise to help drive the firm forward and we could see tremendous growth through the next few quarters and over the long-term, depending on if Slattery is on board. As previously alluded to, Pointerra’s digital marketplace is set for a soft launch soon which will include data that is progressively uploaded for sale by Pointerra’s customers and partners. The recent surge in 3DP buy orders come largely from anticipation of good announcements related to US opportunities and the 3DP digital marketplace in addition to a large ACV increase compared to last quarter. The increased attention that Pointerra has recently received could mean that the firm will jump to around 80c upon the release of a positive announcement which alone makes the firm worth investing in. + +The firm’s strong competitive positioning coupled with good growth and management makes a solid buy case. My target prices are $1 by December and $1.5 by June respectively based off previous and projected growth for the firm. I originally planned for this post to be a lot longer and in-depth but I thought I would try to explain why the share price has increased so much historically and where I think the firm will go in the future. I believe in what Pointerra do and their sales and fundamentals are starting to reflect on that – I hope that you do your own research and look into the firm as I did, it is worth. + +TLDR: 3DP has strong competitive advantage and has a solid growth trajectory. 3DP is still a good buy even after yesterday’s massive run – I have a target price of $1 by December and $1.5 by June. As always DYOR, not financial advice etc. +Hi, + +England here. + +In September 2018 I had a mobile phone contract with EE. At this time it was ontract renewal time and I moved to Vodafone. I went through everything correctly and the move went fine. At the same time, I was in a position where my debts we're basically reduced to £0 from around 10k+ so it was quite a happy time for me. I went into my bank account and looked at all of the standing orders, direct debits, and everything else that was incoming and outgoing so I could begin getting back into the game and saving for a deposit for a house. I deleted direct debits and one of them was EE. + +Fast forward 6 months and I receive a letter from a debt collection agency for £14 which was outstanding to EE. I rang EE up and asked what it was about and they told me it was the outstanding balance on the remaining time of my EE contract before I moved to Vodafone. I honestly thought I had paid everything off and when I cancelled that contract they didn't mention that there were any outstanding payments but directed me at the time of the call to the small print saying that they would collect monies from time remaining on the contract. They had all of my contact details and when I contacted them about this misunderstanding they still had my phone number, email address, home address and everything else. + +I admit, I'm partly at fault here and it's my mistake, but this £14 is showing as a huge negative and will do for 6 (or 4 more years now) on my credit report. + +I contested this at the time as I don't think they made any reasonable attempt to correct the error, but they were just not interested as it wasn't their problem. I paid the £14 straight away to the collection agency without hesitation. + +Is there any recourse to get this removed from my credit file as it puts me in a difficult position for another 4 years when I've not missed any payment on anything apart from this slight error. + +Edit: Thanks for the reply all. Going from the responses, this seems like it is consistent and has happened to many people. Maybe the companies aren't being clear and aren't using their power of holding all of your information to, you know, contact you that there might have been a slight error made on your behalf Sir/Madame. I'll be taking this to the ombudsman like I was going to when they deadlocked the situation. But this time I'm not exhausted and feeling deflated about it. Thanks to all that helped, I'll be sure to update when the final outcome has been received. +The scammer is mass bot downvoting anyone that says scam or in warning people in the post. + +Don't give these third world poor scammers your crypto for Christmas. +I get the feeling that ICO season is coming back around. I'm looking forward to seeing the next wave of projects as much as everybody else, but I think it's time we start demanding more from teams raising tens of millions of $$ worth of ETH. + +To date, I am only aware of one upcoming project that have actually built a project ahead of their ICO, it is shocking (and hugely disappointing) that the vast majority of teams continue to attempt raises with nothing more than a website, whitepaper, and a promise to build something. + +Any of you who were around 18 months ago would know that for the most part, we're still waiting on many of these teams to deliver on their promises, despite now having tens of millions (and in some cases hundreds of millions) in underlying assets. However, in contrast to the ridiculous raises we've seen recently, many of the earlier projects raised $3-5 m USD in their ICO, so our expectations were not as high. But I can't help but feel we really should be demanding more from projects going for outrageous asks like $50+m. + +At the end of the day it's ultimately up to us to keep them in check. Founders will continue to exploit our trust, so long as we continue to let them get away with it. + +Perhaps we can start a thread (or use this one) to list & track projects that have actually built something. I'm struggling to keep up with all the projects these days, so it would be helpful to harness the wisdom of the crowds. + +EDIT: Have made a follow-up post here: https://www.reddit.com/r/ethtrader/comments/76o1xe/mvp_readyresponsible_ico_curation_thread/ +Adam Cochran has been a pretty knowledgeable follow on this FTX implosion. His thread here https://twitter.com/adamscochran/status/1593679267392544769?t=FXKDTVKs-xzFk0f6oSl58A&s=19 is bringing to light that there aren't any tokenized stocks on the FTX/Alameda balance sheet that's been publicized during their Chapter 11. +What the hell are you guys doing with all this dumb conspiracy and team trading shit? + +The world isn't against you, you're just a garbage trader. You lost money because you fucking suck, not because of crime or manipulation. + +Anyone trying to get you to buy into shit and hold forever is just trying to dump on you. No one gives a fuck about you, they just want you to pump their bags. This isn't a team sport. + +Shut the fuck up about "owning the hedgies" while you exercise OTM options putting money in their pockets. It's possibly the dumbest thing you can do yet you keep advocating it. What the hell, at least take 3 seconds to learn about what you're doing with your Walmart paycheck. + +Also, no one fucking cares about your fucking 3 shares worth less than $100 total. Take some fucking risk and buy some options or shut the hell up. You stand to make less money than a fucking sandwich costs. A better risk/reward trade would be skipping lunch. + +This is the god damn stock market, if someone can take your money, they will. Stop being such easy marks. + +TL;DR: Apes get slaughtered, regards make money. Stop being apes, start being regarded. +By now we have all heard the virtues of Dollar-Cost Averaging (DCA) and that you should never try to time the market. Basically, it has been repeated ad nauseam that + +>Time in the market beats timing the market + +But what is interesting is that I could not find any research that has been done on the best way to do dollar-cost averaging. + +**Theoretically, there must be a better way than to randomly throw your hard-earned money once a month into SPY, right?** + +So in this week’s analysis, we will explore various methods to do DCA and see which one would end up giving you the best returns! + +___ + +**Analysis** + +Given that dollar-cost averaging is about holding investments long-term, we need data, lots and lots of data! For this, I have pulled the adjusted daily closing price & Shiller P/E ratio of SPY for the last 30 years \[1\]. + +Now we have to devise different methods to do the Dollar-cost averaging that will maximize our long-term return. We will have different personas for reflecting different investment styles (all of them would be investing the same amount - $100 every month but following different strategies) + +**Average Joe:** Invests on the first of every month no matter how the market is trending (this would be our benchmark) + +**Cautious Charlie:** Invests in the market only if the Price to Earnings Ratio \[2\] is lesser than the last 5-year rolling average, else will hold Treasury-Bills \[3\] + +**Balanced Barry:** Invests in the market only if the Price to Earnings Ratio is within +20% \[4\] of the last 5-year rolling average, else will hold T-Bills + +**Analyst Alan:** Invests whenever the market pulls back a certain percentage from the last all-time high, else will hold T-Bills \[5\]. + +Given that we need to have some historical data before we start our first investment, I have considered the starting point to be 1st Jan 1994. So the analysis is based on someone who invested $100 every month since 1994. In all the above strategies, we will only hold treasury bills till the investment requirements are satisfied. I.e, in the case of Cautious Charlie, he will keep on accumulating T-Bills every month if the PE ratio is not within his set limit. Once it’s below the limit, he will convert all the T-bills and invest them into SPY. + +___ + +**Results** + +Based on the time period of our analysis, we would have invested a total amount of $33,400 till now. + +**Return Comparison - Different DCA Strategies** + +|**Investment Strategy**|**Portfolio** |**Investment Strategy**| +|:-|:-|:-| +|Average Joe|$169,036|406%| +|Analyst Alan - 1% drop|$168,129|403%| +|Analyst Alan - 3% drop|$166,658|399%| +|Balanced Barry|$162,150|385%| +|Analyst Alan - 5% drop|$154,441|362%| +|Analyst Alan - 10% drop|$146,392|388%| +|Cautious Charlie|$139,696|318%| + + + +No matter what strategy we use, the most amount of returns were made by the Average Joe who invested every month no matter how the market was trending. A close second was Analyst Alan who accumulated money in T-Bills and only invested when the market dropped more than 1% from its all-time high. + +The least amount of returns were generated by Cautious Charlie who only invested if the PE ratio was lesser than the last 5-year average (basically by trying to avoid over-valued rallies, he ended up missing on all the gains), followed by the Analyst Alan persona who waited for a 10% drop from ATH before investing. + +___ + +**Limitations** + +There are some limitations to the analysis. + +a. Tax on the gain on sale of treasury bills and transactions costs are not considered in the analysis. Both of these would adversely affect the overall returns + +b. Since I am only using the monthly data for the P/E ratio and my SPY investments (due to data constraints), a much more complicated strategy involving intra-month price changes might have a better chance of beating the market (at the same time making it more difficult to execute). + +c. While we have analyzed the trends using the last 30 years’ worth of SPY data, the overall outcome might be different if we change the time period to say 40, 50, or even 100 years. + +___ + +**Conclusion** + +I started off the analysis thinking that it would be pretty straightforward to find a winning strategy given that we are using nuanced strategies instead of randomly putting money in every month. I also checked for various time frames \[5,10, 20 years\] and various endpoints \[Just before the covid crash, after the crash, before J-Pow, etc.\]. In none of the cases did any of the strategies beat average Joe in the total returns. + +Since this is an optimization problem, I am [sharing all the data and my analysis](https://docs.google.com/spreadsheets/d/1JK4b-CYgvlSH-FqYvCBEve0RQ3ACmJNsmTwzLV7jqWs/edit?usp=sharing) in the hope that someone can tweak the strategy to finally give us that elusive risk-adjusted market-beating returns. + +___ + +**Footnotes** + +\[1\] The data was obtained from Yahoo Finance API and longtermtrends.net. While the P/E ratio was available for the last 130+ years, the daily closing of SPY was limited to 30 years. + +\[2\] We are using the Shiller PE ratio - this ratio divides the price of the S&P 500 index by the average inflation-adjusted earnings of the previous 10 years. This solves for the brief period in 2009 when the normal PE ratio went through the roof as the earnings of the companies fell drastically due to the financial crisis. + +\[3\] We are holding treasury bills as it has the shortest maturity dates and does not have a minimum holding period unlike the T-Bonds + +\[4\] The 20% cut-off is considered as it would be above one standard deviation from the historical trends + +\[5\] The idea of investing after the market pullbacks is driven by the following report from JP Morgan which stated that 70% of the best days in the market happened within 14 days of the worst ones +I'm an undergrad thinking about switching my major to Quantitative and Statistical Analysis. And I have almost no clue what they do except that they need math. Perhaps some code too like python,SQL,R etc. All I've got is- + +How is your day like? + +(Pull out a list of courses at my college in the major) Which ones should I take? + +Aside from these two, it would generally be just small talk. I know him because he is a friend of my wife who attended our wedding. Anyone have some good questions? +I’m tinkering with a new system and would like to bounce some ideas. + +Edit: one of many, thanks for the engagement i really appreciate it. So im a complete dummy at coding but i can hack shit up ok. How is linear regression used vs say stochastic? What does an example look like in execution compared to something a discretionary trader would use. I have about 50 or so different strategies that i have developed that i trade, mostly variations of the same. Examples would be mean reversion, trend following and some scalping tactics. Also alot of tape reading in discretionary trading. I have no idea how to test an idea with options i cant find the data to backtest a strat even if i had it written out in code. + +Some other questions is how would i test and write out things like a gap fill, opening range break, those seem pretty straight forward but is there a template out there that i can kinda hack apart and start messing with the variables? Options data doesnt seem easy to come by i'm also curious about execution speed, There are times that i get some news before the volume comes in so that would lead me to think that the algos are waiting for a confirmation or something is at play there. Also there are times where i can see a vol spike but pretty small overall before the volume takes off so it seems like algos are triggering more algos then retail/prop jumps in. I've also observed some weird things with option pricing so i really have questions for days and just trying to peer inside you guy's world. + +Again thanks for the feed back I really appreciate all the incite. +I wrote a little piece of code to loop over a list of securities and find the ones that are cointegrated to some extent. My knowledge of stats is limited so I did some reading. I found that I can use the Augmented Dickey–Fuller test to check for stationarity and that I should check for homoscedasticity (using the Durbin Watson test?). I also read that it doesn't matter if I use the normal prices or log prices but in some cases its better to use log. + +&#x200B; + +Some examples: + +&#x200B; + +https://preview.redd.it/484t8ps9hlw41.png?width=786&format=png&auto=webp&s=4329f616489629886451dee2e09362b5254a1104 + +&#x200B; + +https://preview.redd.it/6l6dstybhlw41.png?width=788&format=png&auto=webp&s=9983e20f38a7641f2a7624b84554809571a07c2f + +https://preview.redd.it/cv4tlmdghlw41.png?width=2010&format=png&auto=webp&s=2d2a114078683c0decfd79d99a866c6e4939d94a + +The above is an example of what I would consider a perfect pair (during this time period) + +&#x200B; + +https://preview.redd.it/02ofyj9mjlw41.png?width=794&format=png&auto=webp&s=c2b9ee4e0afa0bb82ee4efec6d62a540c20055a1 + +&#x200B; + +https://preview.redd.it/konmr54ojlw41.png?width=622&format=png&auto=webp&s=9e130ac6320b59a7179762475132451584a0a970 + +https://preview.redd.it/0cyuq2jqjlw41.png?width=2034&format=png&auto=webp&s=2d51bc41a720a8ad4d5dbf47dbace21786925338 + +I would consider this a pretty bad pair. + +&#x200B; + +My question is: how can I filter for pairs that are similar to the first example. I think I am missing a statistic/test for this. + +One of the problems that I am encountering is that the Durbin Watson test never seems to return a result greater than 0.1 (I read it should be between 1.5 and 2.5) + +Edit: I should mention my current filters are : + +ADF P Value < 0.03 + +abs(ADF test stat) > abs(ADF 1% test stat) + +Halflife > 0 + +Hedge ratio > 0 + +&#x200B; +Hello there, + +newbie here and my question is as follows: Is there a way to get an (relatively) exhaustive list of all stock tickers for which I can download data from yahoo finance? I use this python package to download data from yahoo [https://pypi.org/project/yahoo-historical/](https://pypi.org/project/yahoo-historical/) so it would be beneficial if the format of the tickers would work with this package, but I am also happy about other suggestions. Given my inexperience, I am pretty sure that there are better solutions out there + +&#x200B; + +Background: + +Currently, I am working on a small private project in which I want to enhance my hand-built stock portfolio based on a small number of stocks (<10), based on portfolio optimization and ML predictions about their future performance. In order to find such stocks, I want to try out a large number of stocks and find those that minimize risk when incorporated in my portfolio. + +The final selection would then still be performed manually, meaning that I only want to use the indications from the optimization/predictions as a helping measure. Hence, this is not a real algotrading problem, but I still thought that this would be the right subreddit to ask this question - any input is appreciated!:) +First off, apologies if anyone finds this inappropriate for the subreddit. I thought this would be the best place to try to spark a discussion because the community here seems much more well learned and productive than most other related subreddits and it does pertain to HFT/algorithms/market making. + +So, this past Friday saw a relatively large options expiration in the usual culprits, with AMZN near the top of the list. As most of us would agree on, market makers like citadel will chase the price of a stock higher delta-hedging as it moves from out of to in-the-money. After the late august melt up, many take [tandem stock and volatility movement](https://i.imgur.com/VGdV74C.jpg) to hint that there was a strong dealer hedging presence in the market, so with volumes + that I’m assuming that when AMZN closed almost 5% higher Monday, a dealer somewhere was holding a big bag of shares. + +So 3:59 Friday rolls around, and by now AMZN was trading significantly lower than it had been on Monday, so presumably a large amount of call options are about to expire worthless. In that last minute of the trading day, AMZN [flash crashed](https://i.imgur.com/iQoSJjh.jpg) from ~3280 to 3160, only to jump back into the 3250’s on the very next tick after the options rolled off at 4:00. + +I was hoping some members of the community here with a bit more market making / HFT knowledge than me could shed some light on how exactly a megacap, highly liquid stock like this can crash nearly 4% in under a minute, and then jump back to nearly unchanged in a single tick? Obviously, some market maker had a large amount of AMZN that they no longer needed after those options rolled off, but shouldn’t there have been sufficient buyers/algos stepping in to buy at prices far above 3160 - and shouldn’t sellers/buyers have been placing asks/bids far below 3250 after the crash? + +Was there some kind of ‘rug pull’ on liquidity, or spoofing, or some HFT feedback loop, etc.? +Super interested in this kind of thing, so any ideas or discussions are appreciated. Hope this fits the subreddit, thanks +As someone coming at this from the math and computer science side, Im looking for a book that can help me catch up on the finance side. What exactly is a derivative, how to read a balance sheet, etc etc. Any recommendations? +Hi, +I’m currently working for the police and earning about £30k before tax. Take home is about £1850 after my deductions. Job is very stable. I currently have about £10k in savings and living at my parents home for the last 2 years since the breakdown of a relationship. + +I’m currently stuck and don’t know what to do. I don’t want to rent but I can’t really see a time where I’d be able to get myself on the ladder despite saving about £1k a month. + +Is there any advice out there for a 30yr old male with only £10k savings but a stable job taking home £1850? Feeling bleak + +Thanks in advance + +***EDIT*** : Thanks everyone for your replies. Lots of great advice in there. I guess there’s a lot to think about and I just have to learn to be patient and just keep doing my thing. + +Wish you all the best. +So we're all in this sub because we have discovered the wonder of investing and saw how it can create long-term wealth for ourselves and our families. However, investing is one of those odd activities where the fruit of the labor actually comes from inactivity and patience rather than constant activity. + +As a result, constantly looking at your portfolio every day or even every hour for some people will most likely lead you to make short-term price-based decisions. More often than not, decisions based on price or how the market is doing on one particular day end up costing you a lot of money. + +Here are some studies to help get some perspective on this: + +1. Fidelity Study: This study revealed that the best-performing investors were ones who were inactive, forgot their password, or were already dead. Why? Because these accounts didn't make hasty trades and simply held their investments long term. +2. Putnam Investment Study: A study by Putnam Investment revealed that remaining invested between 2005 - 2020 would've made you an annualized 9.88% return in the S&P. But if you missed just the 10 best trading days within this 15 yr period (just 10!) your annualized return would've been 4.31%. +3. Forbes Article: There is a Forbes article that lays down how too much trading has caused investors to miss out on massive returns (due to bad choices as well as capital gains tax implications). + +So what are the implications? + +It is simply better to remain invested in the market and continue to DCA over time, even during downturns. As the saying goes: "Time in the market is better than timing the market" +My parents are refinancing their mortgage to seek a lower rate and the mortgage company has seemingly gotten stuck on the fact that my mother co-signed my student loans. At their request I've so far provided 1) 12 months of statements from the student loan servicer showing that the loans payments have been made on time, and 2) 12 months of bank statements (in which I redacted the non-relevant transactions and bank account number) to show that I make the payments on the loans and not my parents. Now the mortgage company has responded to say that they need 12 months of unredacted bank statements, which personally makes me more than a little uncomfortable - sharing a full 12 months of financial history, including bank account numbers, address, etc., seems ludicrous to me when I have absolutely no relationship, documentation, signed agreement, etc. with this company. On top of that, given the seeming inability for any large corporation to keep confidential information secure, I feel I'm justifiably nervous. I'm looking for any advice on how to respond to the mortgage company as they are insisting that they need this in order for my parents refinance to be approved and I obviously don't want to throw a wrench in things for them. Thank you in advance for any responses! + +&#x200B; + +Edit - Thank you for all of the responses, it seems like this standard so I feel a bit less nervous about simply submitting the statements, thank you again! +So you're telling me that we are about to enter a double recession with interest rates, or "cost of capital" near zero %? Do people realize how fucked we are? + +What determines a recessionary period is if REAL GDP is negative for a prolonged period of time. Generally that means that real demand goes negative. However, what we starting to see is nominal retail sales are up, while real retail sales are negative! See chart below (not adjusted to date). + +So, correct me if im wrong. A consumer spends on meat and chicken. both of them are 10 usd. Now, after a period of time, that same consumer only spends on meat, but the price is 20 usd for it. On the first time, GDP was 20, and on the second, still 20. However, the real GDP was 20, and now its 10. So the consumer is worse off at the end. + +So what does this mean? Well, if nominal sales are up, and real sales are down, real GDP is negative, but the consumer is spending more money. + +The biggest problem is that if we do enter a recessionary period, with interest rates close to zero, the FED cant do anything without falling into a liquidity trap or destroying the US dollar. What i mean is, lowering the interest rate with an already extreme level of M2 wont help the future economy as nominal sales will explode, and if inflation slows down, the increase in M2 wont cause real demand to increase because it will stay as cash, or bank reserves like 2008. So the FED will have to increase government budget with fake money, in an already overblown gov debt, to recover real demand and support the economy. + +We already know what happens next. 18 months later, 40 year high inflation. And imagine real wages after getting hit with 5-10 year long high inflation. How can real demand ever recover if wages cant increase faster than inflation? + +We can also think at it like this. If cost of debt is zero, and demand goes negative, than nobody wants it, and we are fucked. + +The US economy is extremely tight and it already looks like the bubble wants to burst. But it wont, cause every country in the world will follow the Dollar. + +And for the stock market, if you check the real value of sp500 by dividing it with M2, you will see how the bubble is still not done. The creation of money will always continue, and the value of the market will always go up. Traders will be burned, hedge funds will always win. + +https://preview.redd.it/dorc76sq2s191.png?width=850&format=png&auto=webp&s=e3b42dd9bac411ab17f6cda60e3e80dcb0b0ce3f +We are 10 years further in the world. + +What will the headlines say? + + +-Bitcoin reached a new ATH of $420.069 + +-Elon musk jailed for market manipulation + +-ETH gas will go down after the introduction of ETH 6.9 + +-Man got arrested for trying to pay with non digital money. + +-Sec vs Ripple, is it a security or not? +Lawsuit proceeds day 4200 + +-Moon coin enters Top 10 with a market cap of $53 Billion + +-XLM faces the resistance of $0.37. Bullish on $0.39 + +-El Salvador is now the country with the most Millionaires + +-MicroStrategy holds 60% of whole Bitcoin supply + +So what are you thinking is going to be a headline in 10 years? +*Insert meme of the pizza guy walking into flame lit room* + +I've seen the stuff about Warden, I never really watched any of his streams or read any of his posts, not becasue I didn't believe in it, but mainly because there was already too much. + +IMO technical analysis on GME is pointless. There has been nothing like what we're experiencing and there never will be again. It can't be predicted. This is what he appeared to offer mostly, live chart analysis and a bunch of educated guess work. Hey, if it gets you some likes and subscribers good for you. + +I'm just glad most of the major FUD shit happens in US time and by the time I've slept and am awake, you guys over the pond have sorted it all and I don't need to worry. For that, the mods have my thanks. + +The only people I trust and ever have and ever will are the holy trinity: + +Value +Cohen +Burry + +Edit: just to be clear, I have no ill will (destiny fans) towards Warden. I've grown a wrinkle or two thanks to him. I wish him luck and hopefully we hear from him post squeeze. +I already made a post like this but it didn't get enough traction so I'm redoing a little. r/pennystocks is good if you notice the patterns. Seemingly more and more of the stocks go up and then go down in 1 day (or less). So many people get caught bag holding and get burned by it. What I do to try to prevent a bad trade is this: + +1) **Wake up early**, as you noticed all these popular stock tickers get announced around 9 am if you get in around market open you should be early. + +2) **Scroll through hot/trending,** I notice all these stocks before they go 10-30% because I see what stock tickers are being mentioned the most. + +3) **Don't chase the stock**, from what I am seeing under 3-5% daily increase is still good but after that, you have a high chance of it flopping on you. + +4) **Plan your exit, plan your price target/percentage** what I do the first hour of me being in the stock is analyzing how fast it is growing. If it is growing pretty slow I set a lower price/percentage target that I am trying to reach before I sell. + +5) **Don't get caught bag holding,** if the stock ticker drops 1-3% that's alright but if it's starting to drop rapidly it might be time to cut losses. A 5$ loss is better than a 100$ loss. + +6)**Always have 1 day trade**, with how r/pennystocks is looking and these stocks only running 1 day, a day trade is **NECESSARY.** + +I feel like what's happening is since r/pennystocks is so big every single person doesn't have the same goal. The people posting the DD, and the pumpers are not even to blame. In my opinion, we need to blame the shorters that see that one stock ticker is being mentioned a lot so they all collectively short it. Pumpers don't want the stock going down, only up, up, up and most pumpers are greedy so this 1 day pump behaviour is very weird. + +The DD, for example, TNXP was very good, however, a popular trader got himself and his followers to short the stock bringing the price down, with addition to stock losses and confusion, not letting this stock grow. +The price action we’re seeing with GME today has to do with broader markets being down and with our enemies shorting it even harder than usual in the desperate, pathetic attempt to make us doubt the community of diamond hands. + +This is a community that has proven its mettle time and time again over the last 15 months. + +Yet they still try to push the illusion that anyone would sell a piece of the precious to chase some shiny new toy. But they couldn’t even get that illusion right because they couldn’t afford to let BBBY run due to the short meme basket they’re all exposed to and the puts they all have open against BBBY. + +So Cohen effectively opened up a war on a second front where there’s now another over shorted security getting more visibility and more pressure to make moves to improve its business. He also bought himself a seat at the table to add another large piece to his retail metaverse, which looks more and more like a wide ranging play to compete with and take down Amazon. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Can we get a brain storm on some affordable places in Australia with reasonable infrastructure (internet, decent shopping centers, basketball stadiums etc) where we do not need to get a massive mortgage? Interested to see where others live and some great places to live so some of us lower incomes do not need to work to live forever. + +Here is a short list to get started + + +Cairns (affordable but jobs can be difficult. Also very remote and can be costly to visit family if your roots are not based in Cairns. Without tourism the economy can suffer. It does have a strong basketball presence for those who want to play NBL1 or NBL). For gamers, you do get competitive pings to Sydney of approximately 45 depending on your NBN connection type. + + +Townsville (affordable housing however is subject to flooding due to climate change). Insurance premiums can be quite high. Good internet due to defense presence. They have a strong basketball program for those who like basketball and have aspirations to play NBL1 or for their kids. + + +Darwin (subject to a cyclical market depending on infrastructure projects. Also very remote and it can be expensive visiting family. Job market can be difficult depending on your trade. Has great internet however higher than average pings relative to down south for the competitive gamers. The facebook market is over priced as there is no IKea and other competitive retailers. + +As you can see I've mostly picked warmer climate as this is my preference. + +Hit us up with some suggestions for the low to middle class people who can't afford to live in Sydney / Melbourne and other major cities. + +Edit: Let's say a budget anywhere from 350 - 500K. I think that is a nice spread for different families. But feel free to share your own budgets too. As another posted, it is quite subjective what is 'affordable'. + + +Here we go, here we go! We are under the Delta Neutral (DN).... I repeat... we are under the Delta Neutral... + +This is where I trade this indicator, and we are in my world now.... the Upside Down DN World.... + +&#x200B; + +[do do doooo.....](https://preview.redd.it/7cylj5x1k6b71.png?width=1195&format=png&auto=webp&s=ff5babd2fac7b7b66abf0a416ca2e2484c10f7f4) + +I've been showing you the log-based 10 graphs lately, because nothing super exciting has been happening, but here's a graph showing the DN up close and personal, showing we closed under the DN yesterday! + +&#x200B; + +[GME 1\/6\/2021 - 7\/13\/2021](https://preview.redd.it/9ftbjem0k6b71.png?width=910&format=png&auto=webp&s=0916d523cf593eaf2737a62a5f8e8155e0ec4270) + +&#x200B; + +For Part I of this post, let me take you all the way back to FEBRUARY 2021.... the last time it happened... + +**PART 1 - THE FEBRUARY TRIP BELOW** + +It was a dark time... money lost... sanity drained... FUD everywhere... We all clung onto our hopes, DD, and each other. We all have our memories of that time long ago, and mine are held through the lens of the DN World. + +Let's see what happened: + +* First, the price tanks. Pick your reason why. We aren't covering that now. +* As the price tanks, hedgies are selling off loads of shares based on their OI, and helping the price continue to drop hard. +* As the price drops below the delta neutral, the IV is suppressed very quickly, as shown in the graph below. It also tanks from \~10.0 to bouncing around 1.0-3.0 within a WEEK + + * Check what happens when the price tanks in March. The IV has an initial spike, the settled into a 2.0-4.0 range for FIVE weeks before settling down further. + +&#x200B; + +https://preview.redd.it/vonx8y6zj6b71.png?width=910&format=png&auto=webp&s=278e95650859b24575f3a813ca324a89b8852849 + +GME 1/4/2021 - 7/13/2021 + +* The IV also tanks under the DN, and ATM prices suddenly go on discount. The 30-day ATM prices go from $130-$155 at the peak (\~40% of Underlying Price), to $6-$11 by 2/5 (\~10% of Underlying Price). +* Call Prices are often lower than Put Prices at this time. Call prices look tasty to investors, because... STONKS GO UP! This is why stocks generally sit on top of the delta neutral. There are generally more call buyers than put buyers. + +Quick palette cleanser before we move on? + +&#x200B; + +[yummmm](https://preview.redd.it/qvbe41sxj6b71.png?width=656&format=png&auto=webp&s=8a659858dc3d25f1eb699a17dd7bedf8399b22fc) + +Ok, let's continue.... + +* By the crash, the put OI is monstrously huge. I know there's a lot of debate around this right now. My personal opinion is it's a mix of the following: + + * Come on.... the price went from \~$10 to almost $500 in a couple of months. People thought this thing was going to crash back down after it squeezed. It was a safe bet to buy puts on it. Not everything against GME is nefarious... + * I said not EVERYTHING.... There is some craaazy OTM put volume/OI during the January squeeze, that correspond to increase in those put prices, and the volume / OI ratio is waaaayy high. Again... personal conjecture here... but what if Citadel HF was selling those puts to Citadel MM, and Citadel MM executed their OTM positions, effectively forfeiting their premium. What does this do? It allows Citadel MM to give a cash injection to Citadel HF on the open market, gets around their firewall separating the two entities, and can take advantage of Citadel MM special privileges. + * I've heard all kinds of theories on other strategies for those OTM put OI's, and for me, it always comes back to: \* No, they're not going to do any strategy that involves buying a ton of stocks (\*cough\* married puts \*cough\*), because the point is they shorted it a ton, the stocks are hard to come by, and it's really expensive to do. \* Who's buying those teeny Puts? There are a lot of reasons someone would want to sell those puts, which is what most explanation boils down to. Hell.... I'd love for someone to buy a load of $0.50 puts from me, but seriously... who's buying them? That's how I came to the theory above. \* Feel like there's going to be some fights over this, but let's be honest... no one actually knows the answer to this question, it's all theories at this point. +* The Call OI has now dropped from 47% on 1/22 to 14% by 2/1. However, once the price drops under the DN, the Call OI starts building up fast, as in 35% - 66% increases within each week, while the put OI only increases around 0% - 2% each week, which makes the Call OI bangs up to 25% by the February bounce. + +Ready to find out what that fast build-up of Call OI did? + +or do you want another palette cleanser? + +&#x200B; + +[raaaawwwrrr](https://preview.redd.it/wbzkwf9wj6b71.png?width=760&format=png&auto=webp&s=e0f5ac2937910087161c4c02f84440736752e0bd) + +Sorry... those come with the territory.... + +* Ok, so as all those people are buying up calls, the total market delta is going up, and hedgies are buying up more and more stocks because of it. + + * If you recall a few posts ago, I talked to you about the build-up of the total market delta. If you don't remember, [here's my post](https://www.reddit.com/r/Superstonk/comments/o9qb4n/delta_neutral_update_any_meaningful_underlying/), or check the bottom for the details. + +The graph below summaries the total market delta share equivalents (dark blue) versus the underlying close price (green). + +&#x200B; + +[GME Total Market Delta Share Equivalent versus Underlying Close](https://preview.redd.it/vqfw7iuuj6b71.png?width=909&format=png&auto=webp&s=d81c3c58fe8eb0b3681407952987199d6bc330f3) + +You'll notice that total market delta increased significantly BEFORE the January and February/March squeezes. This helped to contribute to the buying pressure to push GME upwards. + +Ohhh and who do we have here? It's our good friend, GAMMA!! + +High ATM Gamma Factors makes everything nice and squeezy. Those factors increase right before significant increases, as shown in the table below. + +&#x200B; + +https://preview.redd.it/hwhh2hbtj6b71.png?width=910&format=png&auto=webp&s=86f8529521c1bf8ed2ce170fd349bf62618af04a + +GME Close/DN/ATM Gamma Factors + +Then once the Underlying Close Price hits the Gamma Maximum point and... + +&#x200B; + +[BOOOOMMM!!!](https://preview.redd.it/c8nc9y4pj6b71.png?width=2598&format=png&auto=webp&s=3f2a8b7c1074a129bc4c912dbe0bcec665471779) + +Ok, so all kinds of things happened in February, but I wanted to walk you through the general Life Cycle of stocks under the DN, using GME as an example. + +**TLDR - Part 1:** + +The life cycle of a stock under the DN generally consists of the following parts: + +* Underlying price drops below the DN +* IV decreases +* Call/Put prices decrease +* Stock price just dropped + stonks go up + calls look tasty = higher call buying +* Options sellers buy up stocks to hedge +* If you're lucky, your good friend Gamma shows up +* Bing, bang, boom, you're back over the DN. + +**PART 2 - STARTING THE JOURNEY BELOW** + +As we start on this adventure below the DN together, just remember that we are in this together and to always pay the ferryman. + +Let's quickly remind ourselves what's happening now: + +&#x200B; + +https://preview.redd.it/yttusvynj6b71.png?width=910&format=png&auto=webp&s=dbd870b866a4c302612bd3bce967c6c9f1a7e9fe + +* The price closed at $180.06 yesterday, compared to the DN of $188. +* The ATM put volatility dropped from 1.2 to 1.09 (lowest since 5/11), and I suspect the ATM call volatility will follow soon. +* The ATM option prices dropped around 5% today +* The total market delta equivalent shares is dropping with the price, and accelerating the drop as option sellers and selling off more and more shares +* The ATM gamma factor is low right now, and nothing particularly interesting is going on with the other gamma indicators + +How long will this take? + +* Retail could storm in at pre-market and buy the dip to bring it out straight away, and it would have nothing to do with these indicators. +* If hedging controls the volume, then it usually reverses in 1-3 days. When I trade this indicator, I plan for returns to be worth holding for 2 weeks. +* It is not common for stocks to sit under the DN for as long as GME did back in February, but we all know GME is a special one! + +Watch the following to signal a reversal: + +* A drop in IV/option premiums +* High call % volume/OI +* I'll be watching the other indicators, and will report anything interesting + +&#x200B; + +[To the moon for us all!](https://preview.redd.it/2telmucmj6b71.png?width=533&format=png&auto=webp&s=d8566faa09d186ce9b64db87c8a9f021a2a575eb) + +&#x200B; + +**TLDR - Part 2:** + +* Hold tight +* This part is fun +* Watch options if you want + +***Now it's time to tell you all the boring stuff....*** + +[wah waahhhh](https://preview.redd.it/bm1l5jikj6b71.png?width=1200&format=png&auto=webp&s=9a704e70bacf00d1f0fafeb6f144a1faf56b47fd) + +**Overview** + +In general, all stock indicators boil down to two things - reversion to the mean and momentum. Every trader wants to accurately predict these two forces better than other guy, and if you use different indicators than the other guy, that an give you an 'alpha' in trading if it's a better predictor. + +I make a lot of different indicators, but the two primary ones are the Delta Neutral and Gamma Neutral: + +* Delta Neutral (DN) - This helps identify **reversion to the mean**, and represents the underlying price that would create a total market delta of 0 across all GME options (all expiration dates) for a given date. 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. + + * This is generally how I trade my model. I watch for stocks that drop below the DN, and buy them, expecting for traders to identify that the stock is underpriced and will revert back to a higher level. +* Gamma Neutral (GN) and Gamma Maximum (GM) - This helps identify **momentum. The GN** represents the underlying price that would create a total market gamma of 0 across all GME options (all expiration dates) for a given date, whereas the GM represents the underlying price that would create the maximum gamma across the market. + + * In general, a sudden increase in gamma indicates a sharp upward in momentum that continues until that gamma drops. + * The GM seems to act like a ceiling, but fun things happen when the underlying crossing that threshold! + +This is my own personal 'alpha' that I developed for my own trading purposes, and am sharing with this community because it's given me back so much. This is not financial advice. I'm just a mathematician that likes to play with options data, and I am not a professional trader. + +***Methodology and Assumptions*** + +**Delta** + +The Delta of an option represents the expected change to an option's price based on a $1 change in the security's underlying price. For example, if the GME underlying price is at $100,000,000 and a GME $102,000,000 strike call has a delta of 0.2, then that call option price will increase by $0.2 if the GME underlying price moves up to $100,000,001. Note that the price is also affected by gamma so will actually be higher than the $0.2 price increase estimated by delta, which will be covered later. + +Delta hedging is a trading strategy employed by market makers (MM's) to minimalize the directional risk associated with price movements in the underlying security. Traditionally, you can think of a MM buying 20 (0.2 x 100) stocks of the underlying security if the price increases by $1 (using the example above). However, it's important to note that hedge funds often use other derivatives to hedge, not just buying/selling stocks because it requires less capital to do so. However, these indicators can be used as a directional proxy for some of the MM behavior as the underlying price increases/decreases. + +The total market delta share equivalent represents the sum of delta x OI across all strikes/expiration prices in a given trading day. I will say it one more time, hedge funds are not actually holding this number of shares on a given day to hedge. They often hedge with other market derivatives. However, it can give us an indicator for hedge funds buying/selling underlying equity relativities. + +**Delta Neutral** + +The Delta Neutral price that creates a total market delta of 0 across all GME options (all expiration dates) for a given date. It can also be though of as the intersection of a supply/demand curve for hedged stocks. See the "Methodology and Assumptions" section for full detail on how I develop this indicator. + +Notes below for general options on how the delta neutral interacts with the underlying price: + +* There is a large influx of call option purchases, because: + + * The call prices get less expensive as the underlying price approaches the delta neutral + * Stock prices usually rebound/revert back to the mean after large crashes, so the price often rebounds anyways. +* With the large influx of call volume, market makers have to start buying stocks to delta hedge, which turns the price back around and creates an upward trajectory. + + * Important note that hedgies often hedge with derivatives instead of buying stocks, so there isn't a 1-to-1 relationship between the delta and shares bought/sold by hedge funds. +* Historically, you can see that GME often bounces off the delta neutral prices during drops. The exception is the February drop. When the underlying goes below the delta neutral price, a lot of pressure builds up that results in a significant increase when that pressure is released. + + * Note this is the primary way that I trade my model. I made a scanner that looks for equities that fall below the delta neutral. + +**Gamma** + +The Gamma of an option represents the rate of change of the Delta of an option with respect to a $1 underlying price movement. From our example above, if the GME underlying price is at $100,000,000 and a GME $102,000,000 strike call has a delta of 0.2 and a gamma of 0.05, then that call option price would actually increase by $0.25 (0.2 + 0.05) if the GME underlying price moves up to $100,000,001. + +MM also hedge against gamma risk, but the impact of buying/selling securities to hedge is often much lower than the impact of delta hedging (also remember that they use derivatives to hedge too). However, you are probably familiar with gamma because of the "gamma squeeze" that happened back in January. A gamma squeeze happens when the underlying stock price begins to go up very quickly in a short period of time. This forces more buying activity from rapidly increasing deltas/hedging, which continues to inflate the price. + +**Gamma Neutral/Maximum** + +The Gamma Neutral price that creates a total market gamma of 0 across all GME options (all expiration dates) for a given date. The Gamma Maximum price creates the maximum total market gamma across all GME options. + +General notes below for observations on how the Gamma Neutral indicator behaves: + +* It acts like support/resistance between the delta neutral and the underlying, and typically bounces around between the two prices for most symbols (like we have seen with GME since April). +* It also goes crazy in periods of high volatility, as you can see by the very higher spikes. +* A gamma spike indicates the presence of POTENTAILLY slippery option market conditions, which COULD lead to a gamma squeeze. There were certainly spikes present back in January, but we had a few one-day false starts this last month. +* They are often triggered by high price movement in a day, which can lead to continue high growth if underlying volume supports it. +* Gamma spikes can also be triggered by unusual options purchases during the day. These are the one ones to find, because you can often catch the high increase waves before they actually start. +* If I'm trading this indicator, I often either wait for a gamma spike to continue for 2 days in a row and supported by increased volume. Otherwise, I invest straight away if I find a gamma spike just based on options movement (i.e. no significant underlying increase yet). + +General notes below for observations on how the Gamma Maximum indicator behaves: + +* It generally acts like a ceiling for the underlying stock value +* However, when the stock breaks through the gamma maximum, fun things happen! + +**Methodology** + +I write my own algorithms to produce the results above. The following lists some key methodology and assumptions I use: + +* I rely on daily options and stock summaries produced by [www.historicaloptionsdata.com](http://www.historicaloptionsdata.com/) +* For the Implied Volatility (IV), I use the following method: + + * Calculate the raw IV of the mid-point between bid/ask price at close. + * Calculate a “blend” IV, which represents the IV where the call/put parity holds, i.e. where call delta – put delta = 1, using the same IV. + * Smooth the mid-point call/put and blend IV using a gaussian smoothing algorithm with a 20-strike window. + * Apply the smoothed call/put relativities to the smoothed blended IV curve + * Fill any missing values with a linear interpolation of the neighboring strikes. +* Using the final call/put IV estimates described above, I calculate my own Greeks. I like this source if you're interested in the formulas: [https://www.macroption.com/option-greeks-excel](https://www.macroption.com/option-greeks-excel) +* For the total market delta and total market gamma, I rely on the OI x delta and OI x gamma for each strike price. + + * Note that the delta of a call is usually equal to (1 - put delta), so not adjustment is needed to the delta signs when calculating the total market delta. + * However, the call/put gammas are both positive based on the B-S calculation. If you're calculating the total gamma for a portfolio, or the total market, you have to add the call gamma and subtract the put gamma. +* To estimate the delta neutral and the gamma neutral, I have an algorithm that relies on the optimization toolbox in Matlab to identify an underlying price that achieve a total market delta and a total market gamma. +* Note that the IV would change with higher/lower prices for the delta/gamma neutral and the sensitivity tests, but the impact is not significant enough to make a meaningful difference and takes significant processing time to apply the IV curves. However, it is an important simplifying assumption to be aware of. +* Open Interest (OI) is always lagged one day for options summaries. The OCC releases final open interest on a given day, and it represents the OI for the close of the prior day. Therefore, the OI I get in my summaries on 6/28 does not represent the OI as of close on 6/28. It represents the OI as of close on 6/25. If you see a source like Yahoo give live OI throughout the day, they are only estimates, and their algorithm methodology for estimating the OI based on various price/volume movement is a closely guarded secret. Using the prior day OI is currently a limitation of the data available to me. + +*Disclaimer: With the recent debate on the sub, I've decided to label my posts as "Possible DD" until someone is able to peer review my work, and independently replicate it. So far, my only proof has been how it works in the field, which means it should not be blindly taken as truth. I think every writer should hold themselves to their own standards, and no one else's. Every aspect of my work is peer reviewed in real life, so this is my own standard. It's also the responsibility of every reader to judge the quality of content they read, and don't take anything at face value. To the moon for us all!* +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +Gold has been a huge disappointment. Following a glorious run up to $2k+ in early March, it’s done nothing but sell off since, shedding all of its gains and currently trading below its lows made in March 2020 during the covid crash. + +According to figures on Barchart, the sentiment is overwhelmingly bearish, with an ~80-100% sell rating for short and long term. + +But, it’s still gold… + +IVR of 25 on the ETF ($GLD) and futures ($/GC). Considering wide ATM credit spreads and/or naked short 1 standard deviation (~16 delta) puts for Aug, Sept, and/or Oct. expiration cycles. + +Despite it’s ugly performance, especially as an inflationary hedge, does anyone else like getting long gold at these levels? + +Why or why not? +What's up TRAITORS? Wanna TRAIT like the big boys but don't know how to go about it? Well settle back into your grandads armchair and ill show you how to make SERIOUSLY TREASONOUS AMOUNTS OF GAINS with my proprietary wheel strategy. I call it the STAG Wheel. + +To commemorate the day of its unveiling I've started a brand new account, funded with $5000, which I will be tracking publicly here and giving timely updates on its performance. Once i reduce my cost basis to 0, I will CHANGE MY NAME TO BENEDICT ARNOLD and start a new STAG wheel using my original capital. The rules are simple: + +1. sell a weekly cash secured put on the stock of your choice at .30 delta +2. use the premium to buy shares immediately. +3. When assigned, sell a weekly covered call, again using the premium to buy shares at the current market price. +4. When you achieve 200 shares, sell 2 covered calls, at 300 shares sell 3 covered calls etc.. Or you can take your original capital and start a different STAG wheel. +5. Rolling is allowed at your discretion + +&#x200B; + +Why .30 Delta you ask? It keeps exercise and assignment to instances of extreme movement, in which case you are much more likely to either sell the shares at a profit or buy the shares at a steal. + +Why weeklies? Premium is way better on weeklies, and more importantly, rolling midweek into the following week allows you to be more nimble and capitalize on smaller up and down movements. + +Why purchase shares with the premium? First, it insulates you from the opportunity loss inherent to the wheel system. If the stock skyrockets, you still have exposure through all those extra shares you own. Second, it forces you to dollar cost average into a position, using only free money. Third, its a quick and easy way to intuitively track your performance. No spreadsheets, or apps necessary, when you achieve 100 shares, your cost basis is 0. + +Why is it called the STAG wheel? STAG stands for SERIOUSLY TREASONOUS AMOUNTS OF GAINS, which is what you can expect with this strategy. No longer are the professional traitors on wall street the only ones with the keys to the kingdom, you all now have the power to trait like beast. Will you make a shitload of money? yes. Will it happen overnight? no. Will you make so much money you are charged with treason and thrown into Guantanamo bay? Probably. + +Now i know what you're thinking: "this SOUNDS treacherous, but will it make me as many tendies as the WSB crew?" WSB is for betas, and this isnt beta gang, its Theta gang. The T in Theta stands for Treason. This is a much slower and safer way to build wealth, get comfortable with a long view. +For those who are selling cc on dividend stocks, do you prefer it over growth stocks/etfs? +Since dividend stocks are not so volatile, are profits generated are regular and consistent? + + +I am managing my girlfriend's portfolio and we want to play it safe with her account so thinking of accumulating dividend stocks/etfs like Vale, SCHD, VTI, etc. and selling CC with delta 0.2 or less. + + +Would love to hear your views on it! +Thanks gangsters! +So I started selling CSP last week and I've really been enjoying it, selling on MVIS right under the market value. I'm bullish on the stock and wanna wheel it. Its been working rather well but I feel I'm loss and unsure of many things now. I did my first put credit spread with a strike of $9 to $7 for a $52 credit and I highly doubt by feb 19 it will drop down again but my problem is this. I'm seeing so many experienced people talk about there plays and what kind of research goes into picking a stock and whatnot, meanwhile I'm just here with the very very basics, choose a CSP or CC with a delta between .2 to .3 and make sure it's a stock you dont mind owning. Besides that idk what really dictates picking a strike or even picking a stock. Honestly the small fish in a big pond feeling is starting to set in hard and idk what to really do now. Did anyone feel this way when they first started? + +EDIT: Thanks to all for the words of encouragement! I definitely feel alot better now. I'm going to keep at it and push through, hopefully I'll be posting my gains at the end of the month! +Hey guys, lately I have been day trading SPY options. Since I have a small account, I am under PDT. I found out a couple of weeks ago, that if I buy a contract today, to lock profit/loss I can sell a contract with the same expiration and avoid most of time decay, if I am out of day trades.For instance I bought a put SPY $402 expiring 6/15 for $2.07, and then sold put $401 6/15 for $2.30, I will close the contracts tomorrow in a period of time when the market doesn’t have those drastic moves. I understand that it may not be a thetagang strategy, but really I have not seen a more useful sub than this one, really my options trading performance has improved since I joined the sub. Now, the objective of this post is get advice on improving the strategy and point out flaws, all comments are welcome. +I bought my first coin of btc in 2013....I see people freaking out. The best lesson I've learned all these years + +2fa account +Get u2fa when you can afford + +Dont sell and dont get greedy. I buy for my daughter NOT ME. buy stable and use profits for alt. This way as alt drops you didn't lose the investment just the profit + +Bunch of my friends who bought in this month are freaking out over buy 600$ of xrp and losing. I said "buy btc and eth, roll profits down to alt" + +I've lost alot and I've made alot. Simple thing is I dont buy to get rich. I buy because I want decentralized currency for my daughter. This is a revolution not a stock market + +My grandfather taught me when I was very young "dont ever lend money or invest it unless you can live with never getting it back" + +Buy to start a revolution. Buy to topple government. Buy because you believe....but hey I'm just an idiot hoping for a better future maybe I'm wrong +New post about competitors [here](https://www.reddit.com/r/CryptoCurrency/comments/nd85lt/vechain_a_short_competitor_analysis_from_someone/), enjoy! + +\----------------------- + +VeChain has been gaining a lot of popularity the recent time due to its real-world use case and increase in value. Still, I don´t think the majority of people realize **how good** VeChain actually is. I happen to work for one of the biggest companies in the logistics industry, so I might have some views and insights that would interest VeChain fans. + +# What is VeChain? + +VeChain is a blockchain-enabled platform that is designed to enhance supply chain management processes. By utilizing tamper-proof and distributed ledger technology, VeChain provides retailers and consumers with the ability to determine the quality and authenticity of products that are bought. From product source materials to servicing history, and spare part replacements, every single piece of information about the supply chain movement of a product can be recorded and verified to bring about a supply chain management ecosystem that is secure for all participants. + +# How does VeChain (VET) work? + +The VeChainThor blockchain works similarly to other business-use blockchain platforms. Businesses use VeChain's fully functional Blockchain-as-a-Service (BaaS) product called ToolChain to build their blockchain-based solutions. VeChainThor also supports smart contracts. + +Single transactions on the VeChainThor blockchain can carry out multiple tasks. In addition, VeChain app users don’t need to hold any crypto to perform transactions. This can be done instead by the app owners, which can make the user experience more convenient for the average user. + +The VeChainThor blockchain uses Proof of Authority (PoA) consensus, which delegates power to certain nodes in the VeChainThor blockchain for confirming transactions. This means that it only passes transactional blocks through Authority Masternodes that need to hold at least 25,000,000 VET. + +# Vet and VTHO + +There are two separate VeChain tokens, VET and VTHO. VET (VeChain token) is used for financial transactions on the VeChainThor blockchain, and the VTHO (VeThor Token) is the "energy token" that is used to conduct transactions on VeChainThor. The cool thing is that VET owners can generate VTHO for use on the VeChainThor blockchain. + +# VeChain partners + +**Strategic partners** + +* DNV GL +* PriceWaterhouseCoopers +* National Research Consulting Center +* Yida China Holdings Limited +* Bit Ocean + +**Partnerships** + +* Shanghai Gas +* Walmart China +* China Unicom +* Kuehne & Nagel +* DB Schenker +* BMW Group +* LVMH +* Groupe Renault +* H&M + +And over 20+ more partnerships, and still growing + +[Graphical representation of partnerships](https://preview.redd.it/9vd0oj9ogqy61.png?width=1060&format=png&auto=webp&s=5ec969a893ab6b7ad6f6d976025a7b91f8a31b96) + +&#x200B; + +# VeChain use cases + +**Food safety** + +VeChain-enabled Internet of Things (IoT) devices can be deployed across the supply chain, in products, vehicles, and warehouses. Thereafter, data from these devices will be uploaded, verified, and stored in the decentralized VeChainThor blockchain. + +**Anti-counterfeiting** + +Counterfeit goods now stand for 3,3% of world trading, this is a **lot of money** \- around 1 trillion $ a year to be precise. This is a serious problem for the luxury goods market. By attaching an encrypted chip and then using the chip to log and trace logistics, warehousing, maintenance, and resale, owners of the luxury goods can be assured of authenticity. + +**Health records** + +Healthcare records can be stored on the blockchain, where only the patients themselves and their doctors have access. Say goodbye to clumsy healthcare records. + +**Tracking carbon emission** + +Carbon emitting activities can be tracked, and consumers generating less carbon (in their cars for example) will be able to receive credits that can be spent on energy services. BYD, a Chinese electric car brand is today using and offering this service to their customers. + +# My thoughts on VeChain + +I´m fairly new to crypto but have been investing in stocks for a lot of years. I try to bring my investment strategy with stocks into crypto, by analyzing the underlying elements of my investment, the use case, popularity, market movement, and so on. VeChain is in my humble opinion one of, if not *the* most useful of all cryptos, and it has a growing support base in the crypto-community. + +Working in the industry myself I really see the need for something like VeChain, it really solves real-life problems in the logistics industry. + +# Disclaimers + +* I currently hold no VeChain, only ETH and ADA. But I will be adding *a lot* of VeChain going forward. +* English is the third language I learned, please don´t roast my grammar +* I will not share any information in regards to the company I work for, nor if we use VeChain. +* By no means financial advice, **DYOR** + +# Sources + +[https://www.oecd.org/newsroom/trade-in-fake-goods-is-now-33-of-world-trade-and-rising.htm](https://www.oecd.org/newsroom/trade-in-fake-goods-is-now-33-of-world-trade-and-rising.htm) + +[https://academy.binance.com/en/articles/what-is-vechain-vet](https://academy.binance.com/en/articles/what-is-vechain-vet) + +[https://www.vechain.org/](https://www.vechain.org/) + +# VeChain Whitepaper 2.0 + +[https://www.vechain.org/whitepaper/#header](https://www.vechain.org/whitepaper/#header) + +**Edit 1: Wow, thank you guys for the amazing response. I am currently looking into potential projects that may rival VeChain, or projects that solve other issues in the logistics industry. I will post my findings once I have read enough about them!** +I am wondering what my realistic options are for my market. Property in my area does not follow the 1% rule. All of the rental properties in my area rent for about .5% of the purchase price per month. This makes me skeptical about investing in my market but I'm new and not comfortable purchasing a long distance rental. +I’ve been thinking about a rental strategy to retire in a 10 year frame. Would like to here everyone’s thoughts + +This is based of starting at year 1 of the plan with 10 rental properties but it’s just an example I know that’s not realistic unless you factored in at least another 10 years for accumulation. This is just an idea that I want to here thoughts on, But the example as follows. + +You have 10 properties all renting for 2k a month and your mortgage is 2k a month, so you are net even. That leaves you with a principle pay down of 24k a year per property all together 240000$ per year in equity (2000x12months=2400x10) now if you hold all properties for a 10 year frame at net even not taking into consideration any appreciation or rental growth. You’d be left with 2.4 million in equity year 10. (240000x10years=2.4mill) if you were then to sell 6 of those properties it would leave you 1,440,000. In cash before taxes. You would then use the 1.44 mill to pay of the remaining loans on the other 4 properties. Now netting you 8k a month in positive cash flow. Assuming those 4 properties net you 2k a month + +Summary- buy multiple properties net even wait 10 years for principle pay down equity, sell a majority to pay off a minority few to be debt free pure cashflow. +For full context, I am currently under contract and set to close mid-december on a 3-unit MFH in Chicago. Only one of the units had a dishwasher and new cabinets. Had the inspection done and came out generally clear, so we're moving right along. Day after the inspection we hear the seller wants to install new cabinets and dishwasher in the other 2 units prior to close. I find it odd that we're already under contract and he wants to put more money into the home. So I asked my agent to find out why, and he asked the sellside agent, who said "the seller is a man of his word and promised the current tenants these two upgrades." + +&#x200B; + +Call me a skeptic but I don't trust the altruistic motive here. Is there anything fishy that could be going on? +A few years ago I was in a car accident and the insurance money is coming in and I am getting around $212,000. My plan is to house hack a duplex or other property, while saving up for another apartment. Is this a good idea? Let me know what you think! +Hi all, + +I understand that a lot of stuff is suboptimal right now, with supply chain issues, labor market, the war etc. But I keep thinking that it's in a way ignorant to only point the finger at JPOW and the FED for the high inflation, bonds market under pressure tc...I mean yes, I understand how the mechanics work, but bear (no pun intended) with me. When Corona was gaining speed, people were begging for QE's, keep the printer on, which I understood, and made sense in a way. Investor would go apeshit crazy both in Europe and the US if the ECB or FED would even slightly mention an interest hike. I remember quotes "all that it takes to keep the economy going" and " we are not even thinking about thinking to raise the rates". So investors would be pleased , and money kept flowing, with several rounds of stimulus checks in the US. Even under political pressure ( Trump also pushed this). People screaming and shreeking if the FED would even have a "hawkish" tone on this. JPOW being called incompetent if he would not understand the needs of the economy. The FED initially wasn't a big fan of just keeping the printer on without limits and had reservations. + +Now of course, with all the supply chain issues, shortages and cash flowing around obviously inflation is rising, partly to feed the growing economy and also because of other factors like people spending more etc. Now the FED announced the hikes, and people are still shreeking. I understand that having higher interests, those hikes will not benefit the labour market, but something has to be done to keep the inflation under control, no? I AM NOT DEFENDING JPOW OR THE FED, quotes like "inflation is transitory" were weird to me, and I have the personal feeling they are making decision to save their own seats as well. I am also aware that it is much more complex than this. For example, interests hikes are probaly necessary, but what was the right timing?TLDR: : the FED caused a river of money to flow, people were happy, and now that the consequences are there in the form of inflation, people are pissed that the FED is proposing interest rate hikes. + +What do you all think? +Every time theres a little news story concerning crypto a sudden dumping follows. Latest fall being blamed on the CLOUD Act that Trump signed over the weekend. + +Apparently "The declines could be a reaction by the traders to the recent bill the US president signed into law.The CLOUD Act is raising concerns in the cryptocurrency market especially after the famous whistleblower, Edward Snowden revealed the hand of the National security Agency (NSA) in Bitcoin. He argued that the NSA is secretly monitoring operations on Bitcoin bringing into question the privacy of the coin.The CLOUD Act gives other governments the right to access data from different US-based companies to find information on their citizens. Besides, the Act provides the US government with the right to access more private data in the name of security enforcement." + +For F*** sakes does anyone really believe the IRS, SEC, FBI, CIA and every bloody security / government agency around the world has not been monitoring accounts and trying to track suspicious transactions. This bill makes no difference to what has already been happening behind closed doors anyway. Really tired every time theres a story that theres this friggin panick sell. + +I've been very interested in coins with utility. Ethereum is one of them, but the lack of a limited supply is quite interesting to me. As I understand, ether is used as gas to run the ethereum network. So ethereum is consumed, but at a slower rate than it is created? I'm having trouble figuring this one out. Thanks in advance! +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +So typical post I see all over Reddit forums like this: I grew up in/live in Brooklyn, NY and looking to buy a parcel upstate in the Hudson Valley or Catskills region (I can get 3+ acres in the Catskills for what it costs to buy 0.6 in Hudson Valley, but it's further from NYC) - I know, I probably should have done this like 5-10 years ago but didn't have the money and was too young anyway. + +The thing is, I don't plan on really doing anything with the land anytime soon. I'd want to own it outright (or pay off as much as possible, minus any ongoing property taxes and any maintenance), but I don't plan on building or selling the land at least for a few years. I 'may' one day build a home something, or sell it if I can either make a profit or can't afford taxes anymore, etc. + +The old saying goes "buy land, cause God ain't making any more of it" but maybe I'm taking it too literal. Does it make sense to buy land in an area that 'could' become more valuable one day, without any plans of doing anything with it for years? I know it's all a gamble/hypothetical, but would love some advice or shared experiences. + +Go easy on me, I'm new to all this! +Hey everyone, I'm back with another write-up, this time on LEAP options. [ARTICLE LINK HERE](https://medium.com/@ProjectTheta/what-are-leap-options-3f8c68fc9980) + +\----------------------------------------------------------------------------------------------------------- + +In this article you will learn about LEAP options, how to use them, and some important details to understand about the LEAP strategy. + +## What is a LEAP? + +LEAP is short for “Long Term Equity Anticipation Security” (quite a mouthful), and is also a popular options strategy. + +That acronym may have sounded confusing, so I’ll break it down for you. A LEAP is an options strategy that is used when you believe in a stocks growth in the long term. + +In options-trading, a LEAP is when you **buy a long-dated option (think 1–2 years till expiration),** although the minimum is 7 months till expiration to be classified as a LEAP. + +Because you have an expected long-term outcome for the stock, the option will be cheaper than buying 100 shares of the same stock. + +We will go through the pro’s and con’s of LEAPS after this example. + +## LEAP Example + +This example will explain the in’s and out’s of LEAP’s. + +>I am bullish on SPY (S&P 500 Index Fund), and think that it will go well past $370 by March 2022.  + +Although I could buy 100 shares of SPY for \~$33k, I choose to buy a LEAP Call.  + +>I buy the SPY 3/18/22 $335 Call for $35 + +Before I go any further, here is a profit-graph of LEAP’s: + +&#x200B; + +[Long Call Profit Graph](https://preview.redd.it/axhgjmoss0m51.png?width=450&format=png&auto=webp&s=c27600d7e966aeda2b96595e22c017cb19a4ffec) + +As you can see, a LEAP is simply a long call, with far expirations. In my case, I paid $3500 for a SPY Call, expiring in March of 2022.  + +My break even price is calculated by: *Strike + Premium Paid = Break Even*In my example, **my SPY call break’s even at $370.** + +## Potential Outcomes: + +By the time of expiration, or by 1 DTE, if: + +**SPY closes at $380:** We make $1000 profit on our call. The intrinsic value of the call can be calculated by: 100 x (SPY close — Call Strike) = Intrinsic Value. In our example, our call is $10 ITM, times 100 shares per contract. + +**SPY closes at $370:** Although very rare, in this case, we break even on our call. The premium we paid nets out our Call’s intrinsic value. + +**SPY closes below $370:** In this case, we lose our entire $3.5k principal, as our option is worthless. + +## Downsides of LEAP’s + +**Theta Decay** — As with all options, time decay is a serious downside to opening LEAP contracts. + +**Timing** — For all we know, your stock that you choose could moon the day after expiration, while your contract expired worthless. + +## Leverage + +As with all options contracts, each contract will control 100 shares. In our example, we would be able to buy almost 10 LEAP’s compared to buying 100 shares. + +The problem with this is that if your options expire worthless, you have lost all of your money.  + +Even if the stock went down or traded sideways, if you had invested into shares, you would still have some money left. + +For this reason, only buy the amount of contracts in which you would actually have bought the stocks. + +## Don’t Sweat It + +You may see your stock bouncing up and down, or get worried about your investment.  + +It is important to remember and always fix yourself for the long-term. Will your stock rebound? If so, then don’t close for a loss. + +**Thanks for reading another writeup, and if you are interested, here are my other options strategies that I have written about:** + +* [Wheel Strategy](https://medium.com/@ProjectTheta/how-to-use-the-options-wheel-strategy-5013c9938f4b) +* [Put Credit Spreads](https://medium.com/@ProjectTheta/put-credit-spreads-explained-for-beginners-abf93e48be48) +* [Debit Spreads](https://medium.com/@ProjectTheta/how-to-options-debit-spreads-38b03d5b41ad) + +&#x200B; + +EDIT: I was asked to put this into the article, as an explainer for some confusion: + +1. Break even, max profit, and max loss values ONLY APPLY AT EXPIRATION. You can only gain the full premium, or reach your max loss potential if you hold your contracts till expiration. Many people prefer to close out of contracts in a specified amount of time, like 1 month, or 30dte. +2. Max profit comes with max risk and max holding time, so please, CLOSE YOUR POSITIONS BEFORE EXPIRATION. To learn more about this, you can see this article: [Risk to reward ratios change: a reason for early exit (Redtexture)](https://www.reddit.com/r/options/comments/hg8ce9/risk_to_reward_ratio_changes_over_the_life_of_an/). +I'm really devastated. Just looked at my wallet today when I was thinking of buying more bitcoin, all to to find out all my cryptocurrency is gone -- valued over $40,000. I spent years earning it and resisting pulling it out, hoping I could eventually use it to pay for college tuition. + +Here are the facts: + +- I have a Ledger Nano S wallet. + +- That wallet had 4.77 LTC, 4.48 ETH, and 0.73 BTC. + +- The Ledger generated a passphrase containing 24 words. + +- I recorded that passphrase on a piece of paper and hid it. + +- No one had or has access to that paper. + +- That passphrase (those words) were NEVER entered anywhere. (Not even on my phone) + +- On February 24th at 5:45 AM Eastern Time, the BTC was stolen. + +- On the same day, at 6:46 AM and 6:48 AM, the ETH and LTC, respectively, were stolen. + +- I also has a Trust Wallet. + +- I had $1500 worth of NPXS and $1000 worth of TRX in that wallet. + +- On February 24th at 6:48 AM and 6:55 AM both of those were stolen. + +- The passphrase for the Trust Wallet is saved as a screenshot on my iPhone. + +- My iPhone has not left my possession. + +- My iPhone has a 6 digit passcode. + +The recipient address for the BTC is: 3EP2Bq6yMpXQc3TvoxLtwDsd1tg2A59CJs + +Note: Both wallets were hacked on the same day at around the same time. Both had separate passphrases. + + +No one has access to that paper and that the thief’s wallet address for BTC has other larger transactions. + +Did not have the 25th digit only 24 passphrase + +Can someone please shed some light on what can be done, if anything? How were both wallets compromised at the same time?! If nothing can be done to retrieve the crytpo, what can be done to prevent this from happening in the future. + + +Update: + +Will reply to everyones as soon as I can. Have school work that I need to get done, and can’t let two things go bad. + +For those who are asking this is the transaction link to the btc that was stolen (the majority of my holdings that was stolen): + +https://blockstream.info/tx/4b05e788a4338d330f3d8a19c87c520e78db28c356c1e6bc1fd4d7e186c91892 + +Heres also the eth one: +https://etherscan.io/tx/0x735f8a22d5dd00af8aafc7cc701571c8fd4a88d646127d060d6c44d5637a233b + +Also, not sure if its safe to post all of the transactions? +https://www.bloomberg.com/news/articles/2018-02-16/qualcomm-rejects-broadcom-s-121-billion-offer-open-to-talks + +> Qualcomm shareholders are scheduled to vote on a slate of Broadcom’s nominees to the board at a meeting on March 6, giving investors the chance to effectively approve the proposal. If elected, the new directors would be able to override the current board’s opposition to the latest offer of $82 a share. + +TLDR: Qualcomm's board said that the risk is too high, especially with anti-trust matters, and also believes that the $82 per share offer is too low. +I'm 32 and in a job that I love. I make 139K base and expect that to continue to rise over my career. I have about 52K in a Roth IRA currently and will max out that contribution via the IRA backdoor every year, while also investing about 2800 a month in a taxable vanguard account in a blend of mutual funds - that account currently has about 125K. I am currently maxing out my 401k in traditional pre-tax contributions - that account sitting at around 100K right now. + +My thought process for retirement has been, allocate everything in my 401k pre-tax as when I retire I can pull from all 3 accounts to make up the money I'll need. For example, if I'm living off a 100K a year in retirement, I can pull 50 from the 401K which is taxed as earned income, 30 from the taxable account where I'll incur capital gains but not add to earned income total, and 20 from the Roth IRA which won't be taxed. All in all, my earned income will put me in a lower bracket than I'm in today. I understand how tax brackets work with not all income being taxed at a single percentage. + +But I'm wondering if my logic is flawed here and whether there's a discernable line of income where traditional 401K is better than Roth and vice versa. I'm sure it all depends on taxable rates now vs. what I anticipate them being when I retire but wondering if others have thoughts on this? +Started my ISA 3 months ago with £200 and checking it across the first month I had nearly a 10% return.. last month it was relatively static and this month I'm back to a 2% return. + +I get that it will peak and drop and it's a 5/10 year view, but any tips for how you keep yourself from pulling it all out to something nil risk and no return? +The Decentraland ICO has closed reaching its cap of $20,667,094.87 (@ $303.01/ETH), or ~68,205Ether. Etherscan proof: https://etherscan.io/address/0xe5d0c3fea1e5f01ca4098e9580b93b3b5d0ea768 + +Thanks to /u/SexyMcSexington for bringing up the following: + +"There was a $3 million transaction that was accepted by the crowdfunding contract 2-3 hours before the official launch time". + +Therefore total amount raised from the public sale is ~$17M in 3 blocks, approx 35 seconds +And now it's $380,439,075,791. All I'm asking is**:** How low do you think it will it go? And, secondly, is it time to persist with bullish thinking? My stance has always been, and forever will be**:** bullish till we hit zero which also gives me the green light to be bullish as we climb to who knows where. I'm leaving Galactic analogies out of this. I choose to remain optimistic for all the many reasons I see here on EthTrader. Gotta love the Bears, too. I get lotsa' positive juice from them as well. It's all in how a person decides to, or not to, interpret the data. Balance is essential. Free will rules. Thank you. +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +If they will raid and bust open 800 safe boxes with no evidence or arrests, image how easy freezing accounts is. I can hear it now 'Yes the money here is showing to be from your paychecks, but can you prove its from your paychecks?'. + +[Cant buy Bitcoin if we steal all your money first.](https://preview.redd.it/1ocatkjd9ho71.png?width=482&format=png&auto=webp&s=55ecc7a32a86254efbb4ef28f6bd6cc86fef41a9) + +They forced a retired chef to prove where he got $57,000... They said 'he sold bongs part time so he had to be a drug dealer'... If only there was some better way for people to store money. I would say Bitcoin but those boating accidents raid more than the FBI. + +[https://www.yahoo.com/news/fbi-says-fortune-seized-beverly-140035114.html](https://www.yahoo.com/news/fbi-says-fortune-seized-beverly-140035114.html) +This. Is. Not. How. FTD. Reporting. Works! + +FTD reporting is aggregate, meaning what was LAST reported is the current FTD number. So if it showed 340k one day and then 5k the next, they satisfied all but 5k FTDs. + +This whole T+35 nonsense has been debunked so many times already, please stop upvoting very incorrect information to the top of the sub. +original: [https://opendatabot.ua/analytics/bitcoin-2021](https://opendatabot.ua/analytics/bitcoin-2021) + +translated: [https://translate.google.com/translate?hl=&sl=uk&tl=en&u=https%3A%2F%2Fopendatabot.ua%2Fanalytics%2Fbitcoin-2021](https://translate.google.com/translate?hl=&sl=uk&tl=en&u=https%3A%2F%2Fopendatabot.ua%2Fanalytics%2Fbitcoin-2021) +I may get some flak for this but clearly the OP of the current front page post didn't actually read the proposal, nor did almost anyone else in that thread. The title itself and many of the comments are outright false. Let me be clear: **I am not advocating for or against the proposal**. I am simply trying to make sure people actually know what is going on. + +What is it actually? The proposal does **not** check every single transaction over $600. Depositing and withdrawing $700 won't do shit. It is as simple as that. It checks an aggregate sum of all transactions **once** at the end of the year to see if inflows were greater than outflows. Again let me reiterate: this is only reported once per year, not per transaction. If the delta was greater than $600, it gets sent to the IRS. Also, it won't trigger some automatic audit as people seem to think. In 99.9999% of cases itll go in some folder never to be seen again. But, they can technically use this to cross check with tax returns to see if someone was up to something fishy. It is just another tool in their admittedly large arsenal. + +Why is it so low? It is allegedly a deterrent from having large corps and wealthy individuals creating a bunch of separate bank accounts to skirt the reporting requirements. It would be quite a hassle to secretly funnel millions/billions through tens or hundreds of thousands of checking accounts. Again, not arguing for or against that number here... just clearing things up. Do the wealthy even use checking accounts that will be affected by this? I am not informed enough on tax avoidance to be able to say. + +What I do know is that we should be above such blatant misinformation if we want crypto to be successful. + +That is all. Thanks for coming to my Ted talk. +Seriously, what's the threat? + +Ryan and u/RealPulte had a twitter exchange and as a result, Pulte found us. 7 days ago! Since then, he's shown nothing but sincere interest in GME and he's been regularly interacting with us, but each day he gets more and more flack from our "skeptics". He buys a big chunk and some of us instantly holler "Where's the proof?" + +My good apes, he's only been here for 7 days. Were you all in before your first week was complete? Or did you take a little time to absorb what this is all about? Personally, I was impressed in the first few days, but I didn't slam all my money into it in the first week. He did provide proof today and some are even skeptical of that. What's a guy got to do to convince you? + +Where's his purple circle?!!! + +Duh. It took many of us more than a week to display our purple circle once we learned about DRSing. For most, it took much longer than a week! Many of us are obviously still on the fence about DRSing considering all the posts I see from those saying " a few more for the pool, I'll send some more shortly"... or "my scout share made it, more to follow"... I don't really see many posts saying " I DRSed them all, 100%, first go"... Give the man a chance to learn. He didn't get where he is by blindly following the most popular opinion. He probably wants to do a little homework first. Then he'll do it... just give him a little time. Or maybe he won't. That's his business, not ours. We are not financial advisors. + +Another skeptical question I keep seeing is "Where has this guy been for the last year and a half? Why is he just getting in now?" Idk, maybe he's been busy with his own thing. He does have his own thing you know? He has explained that he was aware of the GME thing more than a year ago, but he didn't know about Superstonk yet. Once he found us, ( a week ago) he's been tits deep and he seems to be enjoying it and absorbing all that he can. + +And then we have those who claim that there is no way that a man like him can possibly find the time to surf "new" and interact with us apes as often as he has during the last week. What makes you think that just because he has money, he doesn't have time to engage in something that really interests him? He puts his pants on, one leg at a time just like the rest of us. The ones who wear pants in any case. Perhaps he's interested in what's going on here and he wants to be involved? Perhaps he recognizes the potential? + +Then there are those who claim "forum sliding". Granted, he's been all over the sub lately, but the DD is done. There is NO opposing DD! The shorts haven't closed. Nothing is gonna change that. Why can't we be excited about a newcomer, particularly one who has a large following of folks who may also be interested in GME? + +But back to the original question. What's the threat? + +Do you think he's trying something underhanded? Trying to pull the rug out from under us? Even if he were the most advanced shill of all, even if he's a plant, he can't possibly stop the rocket from taking off. Again, the shorts haven't closed! We are going to the moon! And, if he were trying to pull a dastardly deed, he's certainly going about it the wrong way. He's openly tweeting positively about GME to his 3.2 million followers and he's hyping our sub. How can that be a shill tactic? + +Go ahead, be skeptical, but don't try to silence him or chase him off. He's done no harm at all and he's just getting to know us. + +You know our motto. + +Apes don't fight apes. + +And that's all I have to say about that. +“Shit” coins will probably outperform your favorite coin 99% of the time. Did you miss out on the next Polaroid (I’m not even that old but stocks)? Maybe yes, maybe no. Would you have been able to pick a time when you should have sold? No. Educate yourself and do what you think is right. This is your life and no one has any say in it besides you. So, invest in whatever you think will bring you financial stability in the future. Don’t hate on any crypto coin. Not now or ever. We, “the retailers”, are crypto. The elite can whale their way around but the waters are deep and we are the predators. We are the future! Love you all. +I've been researching and buying coins for about 5 months now. I keep hearing about Quark; but usually in the same sentence, there is a death knell warning attached. Particularly from the Maxcoin folks (although actually I would never touch Max after watching the botched launch). + +I just went to the /r/QuarkCoin sub for the first time and was amazed at the fundamentals, logic and science, and user base. + +So why all the hate? What's wrong with Quark? Should I stay away? And if so, why? + +tl;dr: really looking to diversify in another coin, so what do you think about Quark right now? +I feel like a lot of posts lately talking about the possibility of Ethers being the choice of currency to be accepted by merchants and traders. I feel like this is a bit of distraction from what Ethereum's focus should be. Again these are my two cents, and not an edict on how others must act. + +Bitcoin and bitcoiners have thrown their focus behind getting Bitcoin to displace dollars and gold (as a medium of exchange and as a storage of wealth). Whereas, Ethereum is focused at expanding the usage of currency to areas previously not possibly by traditional mediums (like Smart Contracts). + +Bitcoin may not be able to replace dollar as a day to day currency (which depends upon whether Bitcoin manages to get around their scalability concerns), but even as bitcoin is today, it is completely capable of displacing dollar as the international currency of trade among nations. In other words, while you may not wanna use bitcoin for buying a $5 latte from starbucks, that usage is completely different from using Iran using bitcoin to sell India natural gas. A 2 hour wait time may prevent Erik Voorhees from buying coffee with bitcoin, but this does not bother the foreign minister of Iran the same way (as long as enough of other countries are willing to use bitcoin). + +Similarly, Ethereum is looking towards creating new markets, markets previously thought not possible. Contrary to the beliefs of bitcoin Maximalists, bitcoin is completely not capable of facilitating the same things Ethereum can or to be able to beat Ethereum's headstart in it. + +In other words, while bitcoin focuses on capturing the old or existing economy, Ethereum focuses on capturing or creating the new economy. I expect a rational cryptocurrency investor to hold both Ethereum and bitcoin in their portfolio. + +I could be wrong about this and might be missing some element, but love to hear your thoughts about it. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +I'm pretty sure I know what it's about, but I'm irked none the less. I got a call on my personal phone. Idk what possessed me to answer it, but I did. The girl was rude and wouldn't tell me where she was calling from. I'm too busy to play around. If you won't tell me who you are and why you're calling, I'm hanging up on your ass. Well, right after she called my place of employment to verify that I worked there. Our policy is to give them a corporate phone number. She hung up before our admin could give it to her. I'm not worried about wage garnishment. If it happens, it happens. I make so little that the percentage that would be taken is laughable. (It is so hilarious how hard we work for so little.) I'm just irritated because it's like just when things are starting to look up - I'm just starting to get caught up on the big things - just starting to feel like I can breathe - some shit has to happen to remind me that I'm some sort of scum that doesn't deserve to be happy. Like, I'm almost caught up on my power bill and my phone bill. I've got a payment arrangement for my medical bills and for the first time in a long time, I have my insurance payment before it's due! Fuck you, Jennifer from account services. + +Chord Protocol is a decentralized network for musicians where anyone can turn their songs and performances or any kind of music into unique NFT and freely commercialize them without intermediaries. + +I’ve personally love this project it has so much potential for the future, just take a look at there amazing rebase tokenomics! Join now as the project is so young! + +🎼🎼🎼🎼TOKENOMICS🎼🎼🎼🎼 + +There are 120 cycles + +Each cycle a fee is placed on any buy/sell/transfers + +Fee starts at 5% and scales to 10% + +The fee gradually increases over 500.000 tokens burned + +At that point the cycle is over, 50% of what was burned gets reminted to holders, respective of the % of $CHORD they hold to other holders + +New cycle starts and fee is reset to 5% + +Theoretical you "can" increase returns by: + +1 Rebase distributes tokens to holders, your bag increases + +2 Rebase burns 500.000 $CHORD per cycle, shrinking supply, your bag increases + +3 If everyone holds in the new cycle and allow new ppl to buy in at 5%+, your bag increases + +🎼🎼🎼IMPORTANT LINKS🎼🎼🎼 + +🖥 chordprotocol.io + +🥞https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xb2f7797389ad34Ebd3a30ac6402861844fAC7F5e + +💩https://poocoin.app/tokens/0xb2f7797389ad34ebd3a30ac6402861844fac7f5e + +📊 https://bscscan.com/token/0xb2f7797389ad34ebd3a30ac6402861844fac7f5e + +🚀FAIR LAUNCH 🚀 +Locked Liquidity for 6️⃣ months 🔐 +Deflationary Model 💎 +Smart Contract Security AUDITED ✅ +SMART CONTRACT VERIFIED 🎖 +https://bscscan.com/token/0xb2f7797389ad34ebd3a30ac6402861844fac7f5e#readContract + +🎼🎼🎼SOCIALS🎼🎼🎼 +🎤 twitter.com/chordprotocol +📖 chordprotocol.medium.com +📷 instagram.com/chordprotocol + + +🎸🥁🎹🎺🎻🎷 + +BE PART OF THE MUSIC REVOLUTION + +Join $CHORD now! 💫 + +https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xb2f7797389ad34Ebd3a30ac6402861844fAC7F5e +Bought a fancy truck a couple years ago that I don’t need. Started a business this year and money has been tighter than usual. Have about 7,000 in credit card debt and $8,000 delegated to my business etc. Will have no mortgage payment to worry about in about 2 months. Business overhead about 2,000 a month. Expenses paid for for the next 3 months for business. Broke even month 1, already broke even 2 weeks in to month 2. + +Hoping to get $27,000 out of my truck. I drive a lot for work and it just doesn’t make sense holding on to it just to “keep up with the joneses”. + +Thinking about buying a reliable Camry for maybe 13-15k. What do you guys think? + +UPDATE - Thank you everyone for your insight. Was not expecting so much traction. Truck is worth 22,000 to Carmax - due to some cosmetic and structural problems. Can get a 2014-2015 Camry for around 11-12.5k. The question now is - should I pay the Camry off in full? OR put say $8,000 down - then freeing up roughly $14,000 cash instead of $10,000? Using $4,000 on current credit card debt, $10,000 for business on top of additional income and savings. Car note 100-150 a month +Today, I went to my bank and asked for a $1000 cashier's check. The process went normally, and the teller told me to "have a nice day" while handing me the check, but I didn't pay, and we both didn't realize. Will the check still clear? If it does, will they be calling me for the money? + +*edit* sorry it was yesterday as today is Sunday +A few months ago I was let go without notice 2 days before my probationary period was up stating that it had gotten too slow and they had to let me go as they couldn't afford to keep me on, half the staff were let go as well. Figured fair enough if you guys are that desperate I won't take it personally. Early last month I applied for government assistance but hadn't heard back and was facing no money for food or rent and only had half a box of rice to my name, a store clerk even bought me honey buns so I could eat (I made a post about this as well as an update post but mods removed the update post for violating rule 10 even though it didn't) which led to a bunch of kindness from strangers to get me by. + +I was recently able to get a hold of the unemployment office about my claim to see how much longer it might be and she told me everything was good except for one claim. Turns out they had reached out to the employer a month ago about my dismissal and my employer said I lied and that I was fired due to complaints and being unable to perform my job (news to me). She asked me to clarify so I told her what actually happened and that I wasn't the only one to be let go that day for the reason I stated. Luckily since they've been trying to contact him again for the past month for proof of misconduct and he hasn't so much as left a message they pushed the claim through and approved my application. My best guess is he was trying to wait it out but I'm pretty sure if he tried to lie again they would look into the other firings around that time and call bs. Just gets on my nerves that I went through so much stress and uncertainty and starving myself just because he wanted to lie and ignored their calls. + +To anyone reading this who recognizes the story I was able to buy a months worth of groceries and I just got money from unemployment and was able to pay up my bills and start job hunting again! Thank you for all the kindness it will be passed on just as I promised! Also sorry for this version of an update but I didn't want to risk my post getting removed again and getting banned. +https://www.bea.gov/news/2020/gross-domestic-product-third-quarter-2020-advance-estimate + +From BEA website: + +Current‑dollar GDP increased 38.0 percent, or $1.64 trillion, in the third quarter to a level of $21.16 trillion. In the second quarter, GDP decreased 32.8 percent, or $2.04 trillion (tables 1 and 3). + +The price index for gross domestic purchases increased 3.4 percent in the third quarter, in contrast to a decrease of 1.4 percent in the second quarter (table 4). The PCE price index increased 3.7 percent, in contrast to a decrease of 1.6 percent. Excluding food and energy prices, the PCE price index increased 3.5 percent, in contrast to a decrease of 0.8 percent. + +Personal Income + +Current-dollar personal income decreased $540.6 billion in the third quarter, in contrast to an increase of $1.45 trillion in the second quarter. The decrease in personal income was more than accounted for by a decrease in personal current transfer receipts (notably, government social benefits related to pandemic relief programs) that was partly offset by increases in compensation and proprietors' income (table 8). Additional information on several factors impacting personal income can be found in "Effects of Selected Federal Pandemic Response Programs on Personal Income." + +Disposable personal income decreased $636.7 billion, or 13.2 percent, in the third quarter, in contrast to an increase of $1.60 trillion, or 44.3 percent, in the second quarter. Real disposable personal income decreased 16.3 percent, in contrast to an increase of 46.6 percent. + +Personal saving was $2.78 trillion in the third quarter, compared with $4.71 trillion in the second quarter. The personal saving rate—personal saving as a percentage of disposable personal income—was 15.8 percent in the third quarter, compared with 25.7 percent in the second quarter. +The October jobs report was a huge beat. +Data out Friday morning showed the US economy added 271,000 jobs in October, and the unemployment rate dropped to 5%. +That unemployment rate is now at the lowest level since April 2008, and economists consider this level to indicate full employment. +http://www.businessinsider.com/october-jobs-report-november-6-2015-11 +For context, I’m trading exclusively on technical analysis, purposely not using news or any other information. + +High reward-risk ratio trades are what drew me to trading and they tend to work out okay in theory, but I’ve +not found it profitable in practice. For example, the tighter I put my stop, the higher the likelihood of getting stopped out. In turn, frequency of getting stopped out offsets the reward-risk ratio by increasing the number of losses. For example, for 2-1 plays, I would get stopped out roughly twice for every one play that doesn’t hit my stop. It’s not quite as bad as this, but factoring in how often plays never hit my target, it’s close to a wash. + +Increasing the ratio increases the number of resistance levels between the fill price and the profit target, or conversely decreases the amount the price is allowed to fluctuate before getting stopped out. I’ve tried to increase trade frequency to allow for better convergence towards expected profits but price often doesn’t move enough to cover the fees on scalps, and there is much more noise on the lower timeframes. + +TA appears to have a lot of nuances, and I’ve tried a few ways of trading, and had difficulties with each. + +For example, different timeframes give different EMA lines, and the same goes for EMA periods. If you vary the two parameters, you can sweep all possible price points. This makes determining which EMA to use for support and resistance quite difficult. + +Fibonacci levels tends to work in hindsight some of the time, but there’s a very high error bound. On lower time frames you can often see the candle wick extending almost halfway to the next level, which makes setting proper stops almost impossible. + +Lastly for charting, I find for some pattern X, it can turn into part of pattern Y if you just wait a little longer, by which time you will have found yourself on the wrong side of the trade. + +Anyhow, I’m sure most of this sounds very beginner and it’s likely that I just haven’t developed the pattern recognition facilities, but would love to hear if others have experienced the same issues. +Hi everyone, + +Recently I bought an investment property in Tennessee. Beautiful property with a great location, but the house is completely run down. + +I bought the house using a cash offer of 80k and am thinking about how I should finance the renovations. While thinking about it I heard I could do a cash out refinance. + +Trying to understand more about this and if it would be worth it? I have some money left in savings that I could use to rehab it, but if I didn't use it for that, I would use it for a down payment on another property. So trying to consider the opportunity cost vs what I'd pay in interest and fees for the refinance. + +Any thoughts/input would be greatly appreciated! +I am a rather small time investor getting into my first larger property. I own duplexes and manage them myself, but have been wanting to scale up for some time. I’ve had trouble finding deals that I like and finally found a 24 unit apartment for which I am now under contract. I already have a PM ready to go (who has also toured the property with me) in which I am confident and am hiring a plumber and electrician to do the inspection on top of the regular inspector. The property is in my home town so I am very familiar and believe the rents are stable, if not a little low and the area is also stable, if not improving. + +My question is for other people who have jumped up a level in size/$ amount and been surprised by something or had things go better/worse than they expected. I would love to hear some people’s experiences and if any of you have advice or tips to make sure I don’t lose my shorts and to help this go smoothly. +These guys are pretty big. + +Number 1 is Citadel + +Number 2 is Virtu + +and Number 3 is G1 Execution Services, LLC. (G1) + +If you ever used a PFOF order in the past, there is a chance that G1 executed a trade on your behalf. So I want to educate you a little, on a business partner of yours. + +[https:\/\/content.schwab.com\/drupal\_dependencies\/psr\/606\/2021-Q4-Schwab-Quarterly-Report.pdf](https://preview.redd.it/br2bwkwtxml81.png?width=850&format=png&auto=webp&s=1baa141bc1604ab2e509386fb0286cfbf2bdcfd1) + +So I go to there Linkedin... and you wont believe it... + +[One guy works for SUS, they have like 7 employees and are in Chicago... ](https://preview.redd.it/1o9bzki5yml81.png?width=850&format=png&auto=webp&s=1c78f3c193ec49c8700ae65c95c7c5f43bce4fa3) + +They handle 16.32% of Schwab's Trades. And that would be consistent across the program. This is one of your market makers! + +[Would you look, 34 disclosures.... ](https://preview.redd.it/9ix101ghyml81.png?width=1018&format=png&auto=webp&s=5b4ad30823c2a20c25340f66721a4ae012190a25) + +Then the weirdest thing - I recognised that address... I recognised Jackson BLVD Chicago... So I went thru some of my posts... and wallahh... + +https://preview.redd.it/knn5hp27zml81.png?width=728&format=png&auto=webp&s=90d69b77e2ceac3b236e58996dc93b00b86a54d1 + +Remember my "Fake Company" post that was heavily attacked - well its the same building as CSS, LLC.... + +175 W Jackson... + +Fucking Wild.... CSS LLC, the company with all the puts, and 2 employees, is in the same building as the number 3 market maker G1 Executive Services, LLC... +Seems cross chain bridges have serious problems with security. + +Back in January 7th 2022 Vitalik posted this warning: +https://nitter.net/i/status/1479501366192132099 + +*My argument for why the future will be multi-chain, but it will not be cross-chain: there are fundamental limits to the security of bridges* + +###The Hacks So Far This Year +Only May didn't register a hack. I've used the term hack but this is a generalisation of whatever attack vector was used to drain funds. + +**January 20th 2022 - Multichain bridge hacked for ~3 million** + +https://www.coindesk.com/business/2022/01/20/multichain-hack-worsens-as-loss-of-funds-reaches-3m-report/ + + +**January 28th 2022 - Qubit Finance bridge hacked for ~80 Million** + +https://cointelegraph.com/news/qubit-finance-suffers-80-million-loss-following-hack + + +**February 2nd 2022 - Wormhole bridge hacked for ~323 Million** + +https://arstechnica.com/information-technology/2022/02/how-323-million-in-crypto-was-stolen-from-a-blockchain-bridge-called-wormhole/ + + +**February 8th 2022 - MeterIO bridge hacked for ~4.4 Million** + +https://cointelegraph.com/news/latest-defi-bridge-exploit-results-in-4-4m-losses-for-meter + + +**March 30th 2022 - Ronin bridge hacked for ~650 Million** + +https://cointelegraph.com/news/the-aftermath-of-axie-infinity-s-650m-ronin-bridge-hack + + +**April 7th 2022 - Wonderhero bridge hacked for ~300 Thousand** + +https://mpost.io/wonderhero-token-collapses-after-hack/ + +**June 24th 2022 - Harmony One bridge hacked for ~100 Million** + +https://www.cnbc.com/2022/06/24/hackers-steal-100-million-in-crypto-from-harmonys-horizon-bridge.html + + +**July 11th 2022 - ChainSwap bridge hacked for ~4.4 Million** + +https://decrypt.co/75698/chainswap-exploit-leads-to-multi-million-loss-for-defi-tokens + + +**August 2nd 2022 - Nomad bridge hacked for ~200 Million** + +https://www.theverge.com/2022/8/2/23288785/nomad-bridge-200-million-chaotic-hack-smart-contract-cryptocurrency + + +Be extremely cautious when using crypto bridges, as these losses are just terrible. +I got another scam call, and normally I block them, but I was feeling frisky and wanted to hear what they were trying. + +They said I had a $900 iphone purchase on my Amazon account, and to get it off I needed to download 'Remote Desktop' app. + +We all know that this allows them so much more access than just one bank account. + +Please tell loved ones that might fall for this scam. + +Next level BS. + +Edit: Yes I was wasting his time and enjoying it. It was obvious it was a scam from the beginning with his deep Indian voice from a call center. + +I asked him which account was charged, which card was used, where it was supposed to be shipped etc. This went on for a good 4-5 mins. Finally he got pissed and said, "if you get charged, don't come crying to me." and he hung up on me. I enjoyed playing with him, but thought who would actually download the app and lose so much. + +Thanks for the awards. Let's help each other. +A little context. + +I lived in Asia for a few years and I had some stuff on my credit I didn't know about that just sat there. + +Well now I've got a 550 score and a huge lack of history other than one overlooked bill when I moved. + +Applied for a secured credit card with a $300 deposit and $300 limit. + +Declined. + +Well boy, that's it. I give up on my credit. +The U.S. of­fi­cially en­tered a re­ces­sion in Feb­ruary, putting an end to the his­toric 128-month ex­pan­sion. Mean­while, the S&P 500 is trad­ing at 21.7 times its ex­pected earn­ings, putting its for­ward price-to-earn­ings ra­tio near lev­els seen dur­ing the dot-com bub­ble. + +https://www.wsj.com/articles/investors-are-sitting-on-the-biggest-pile-of-cash-ever-11592299801?emailToken=25958269d0e367ee1fbf11f46cf04e40tumF0Lkw3jriAg7N+FmfuUH/FgUcF6/r5V+zAMtv8K4fSSdg528z+JkURn8SQB2QP9ADU5x9t+kZ1bNiriJGEK8goXezhpe99mpXii4a0wjXmLl5p+qAvGgySVJjw2zG&reflink=article_copyURL_share +and how would I get it in his name? I don't know much, so please be specific with advice. I currently own some stocks/mutual bonds through fidelity, and a 401k through work, but I have no experience with other types of investing. Thank You!!! +Quite simply; how does [Tax] work with sugar baby income? + +Technically, the income is a "gift" rather than an exchange for services but all the research I've done only shows how it works in the US. Now normally, common sense would be to treat it as any other income and fill out a self-assessment form, however in the US, since it's classed as a "gift", the recipient pays no tax on the money and the person giving the "gift" declares it on their taxes, and the money comes off their tax-free allowance, so I thought I'd see if there's any similar setup in the UK? Does anyone know for sure how it works here? +I have been trading options for over 30 years and I am frequently asked, "Where Can I Learn To Trade Options?" Here is my 3 step process. Most of you are already mastering the first two steps and if you are proficient at those, the options part is pretty easy. + +All of your trading has to start with market analysis. That means getting your bearings from a technical perspective (moving averages, volume, trendlines, momentum) and also be aware of the fundamental backdrop (earnings, interest rates, economic data, political policies). I spend 3 hours each morning conducting market analysis. This is the most critical step and it is the biggest piece of the puzzle. More than 75% of all stocks follow the market. If you get this wrong there is a 75% likelihood you will lose money. I always have a 5 minute chart of the SPY up when I am trading and I never take my eye off of it. Once you have your market bearings, you are ready for the next step. + +Let's say that you have concluded that the market is bullish for the next few days and that the uptrend should continue. There are not any speedbumps (economic events) ahead and the downside risk is minimal. Now it is time to zero in on the best stock. + +I look for stocks that are moving higher when the market is moving lower. I call this relative strength (RS). Do NOT confuse this with the RSI indicator that compares the stock's current move to its recent price movement (I find little value in RSI). Find stocks with relative strength that are moving higher on heavy volume and that have broken through technical resistance. These will be your best prospects. + +If you get the market right and the stock right, options are easy. They are simply a way for you to increase your leverage. Here's the rub. I am not saying that getting the first two steps is easy. It is very difficult and until you hone your skills with steps one and steps two you should not trade options. You will simply lose your money faster. + +Basic options buying strategies and vertical spreads are all you need to trade any market scenario. Your opinion of the market and your confidence in that forecast determine the best options trading strategy along with your opinion of the magnitude and the duration of the expected stock move. Keep your strategies basic and the positions will be much easier to manage. + +Options are not the starting point, they are the icing on the cake. Market first, stock second and options last. + +I went through the entire process and it culminated with a trade example. Here is a link to Part 2 + +[https://www.reddit.com/r/options/comments/mfpmx9/market\_forecast\_3\_step\_process\_to\_options\_trading/](https://www.reddit.com/r/options/comments/mfpmx9/market_forecast_3_step_process_to_options_trading/) + +Here is a link to Part 3 with the trade details. + +[https://www.reddit.com/r/options/comments/mfrovx/3\_step\_process\_to\_trading\_options\_part\_3/](https://www.reddit.com/r/options/comments/mfrovx/3_step_process_to_trading_options_part_3/) + +Good luck with your trading. +In August I made a $500 mistake with my finances and between that my hours getting cut at work I wasn’t able to make August rent (1400$ give or take). Since then every month I’ve been playing catch up. My property manager is very unresponsive and unhelpful in my requests to make a repayment plan and I now owe $95 and am late on October rent. I received the summons last week for a total of $3000 solely for the months of August and September and ran down to my property’s office to ask for a copy of my account. The receptionist printed me out a copy of every check I’ve paid with, every receipt she’s given me, and a total account breakdown of what I owe for the two months stated in the summons. I sent all of these over to my property manager asking if she is showing a different owed amount because on my end it is still $95. No answer. My court date is tomorrow at 10am and is costing me a day’s pay. I’m scared I’m going to be evicted and I don’t know what to do. Also I’m not sure it matters but I have lined up a second job so, there’s that. Any advice is welcome. Thanks in advance + + +Update: a few quick things to clear up that I’ve either seen in the comments or gotten DMs about 1) pronouns are She/Her/Hers 2) my mistake was that I didn’t have a bed and I live on the third floor. I ordered a mattress and the delivery driver dropped it at the entrance. We don’t have an elevator and I tried but couldn’t get it up myself, I couldn’t find anyone to help me and was sure it would end up stolen so I called a moving company. They charged me $500 and I didn’t know what else to do so I paid it. 3) I haven’t been able to afford meds or food so credit cards have been frozen so that my non payments don’t go on my record. Both have been maxed out while I try to get through this, so there’s that. 4) I live in Colorado + +Alright on to the court hearing: just got out of mitigation’s with the lawyer, she looked at my name told me the repayment was sufficient for the case and that they were dismissing it. She thanked me for coming and told me to work out any remaining dues with my property manager (super helpful /s but hey at least I have a roof for a few more months). No mention of the late October rent. So I drove all the way out to county, wasting the last of my gas for this. Cool. + +Thank you to everyone for the support and even the more negative/realistic ones. I hope anyone else going through this finds options and safety. I’m gonna keep looking for an RV to start boondocking or something 😅 I need a few months’ break from capitalism. +I’m always thinking about the future and I always am told that owning a home is better than simply renting all your life. + +But I know many successful people who are single, no SO, no kids, and make above per capita yearly wage. + +I am not saying the house has to be a typical 4 bedroom, 3 bath, unfinished basement starting at low 300k house but… + +In general, does it make sense to buy a house if you meet the above qualifications I mentioned? +Hi everyone, + +&#x200B; + +I run a food and beverage distribution business where we sell product brands to cafes, restaurants etc. + +Since the lockdowns, it feels like a major roadblock. + +&#x200B; + +Anyone here in a similar situation? And what are you doing to stay productive for your business? +Hello fellow apes, + +Just came back from a coffee run, and while waiting, I've decided to DuckDuckGo on SBS. + +We know that Futures are currently \~$310T, with $100T in un-cleared futures. + +**Why Dodd-Frank Act?** + +>The Commissions are issuing an interpretation to clarify whether particular agreements, contracts or transactions that are subject to Title VII of the Dodd-Frank Act (which are referred to as “Title VII Instruments” in the release) are swaps, security-based swaps or both (i.e., mixed swaps). + +# TL;DR; Start + +EEVERYBODY WANTS TO SEE YOUR SWAPS, KENNY! + +In 2008, the people were fed shitty adjustable loans, Kenny decided to do the same to the banks - as a way to blow them up - supposedly - with Quanto Swaps. + +[A true retard enters the scene](https://preview.redd.it/xzpriim9nck71.png?width=474&format=png&auto=webp&s=7d66279e3955c098dd57e3f7247c87aa8b1e69a7) + +The whole system is set up on these bad bets. And I want to short it ... with GME. + +Kenny likely used Quanto Equity Swaps (QES) that heavily rely on the interest rates. I show studies were done on the quanto and how to hedge them, by establishing a long tenure with quantos performed in non-equity currency. + +The longer the tenure of these QES, the lower chance of margin calls, and heavily depend on the Fed's actions. + +The only way they do not win is if you hold - not financial advice - and expect to hold longer than expected. + +# TL;DR; End + +After my first post about SBS, I had the same expression that Baum had while stuffing his face with sushi. + +Based on Dodd-Frank Act, TRS is: [TRS Definition Document](https://www.cftc.gov/sites/default/files/idc/groups/public/@newsroom/documents/file/fd_factsheet_final.pdf) + +* A TRS on a single security, loan, or narrow-based security index generally would be a security-based swap. +* Where counterparties embed interest-rate optionality or a non-securities component into the TRS (e.g.,the price of oil, a currency hedge), it would be a mixed swap. +* Quanto equity swaps that have certain characteristics are security-based swaps. +* TRS based on broad-based security indexes or on two or more loans are swaps subject to CFTCregulation. + +And so, we should look a bit deeper into Quanto equity swaps. + +Fincyclopedia [defines](https://fincyclopedia.net/derivatives/q/quanto-equity-swap) Quanto swaps as: + +>A [swap](https://fincyclopedia.net/derivatives/s/swap) that pays the return on a foreign equity investment (like a share of stock) against payment based on a domestic floating rate. In other words, in this swap one party pays the domestic floating interest rate and receives the foreign stock return denominated in foreign currency but paid in domestic currency. + +&#x200B; + +&#x200B; + +[WHAT?](https://preview.redd.it/qoo4nm0fnck71.png?width=1280&format=png&auto=webp&s=8b04e2e1f9cdbb2721d1c735d27bc87786c68c79) + +So wait, Quanto Equity Swaps (QES) pays (and therefore losses) happen on the domestic floating rate? + +I am starting to believe this is closely tied to the Fed, because they are hesitant to raise rates and have rates be separate from tapering. + +&#x200B; + +[JPow statement that taper != interest hike](https://preview.redd.it/t2e6exvhnck71.png?width=1200&format=png&auto=webp&s=c2302b6453e1c54e6f440e3c26b9aebc4e976510) + +I mean, the Fed seldom speaks truth, and I've pointed to it a few times - including the recent JPow statement. + +My belief that the MOASS will actually start in Dec-2021/Jan-2022 at the next cycle, not the current one. + +Taken from Criand's DD: [https://www.reddit.com/r/Superstonk/comments/p37osl/are\_futures\_or\_swaps\_the\_secret\_sauce\_to\_price/](https://www.reddit.com/r/Superstonk/comments/p37osl/are_futures_or_swaps_the_secret_sauce_to_price/) + +&#x200B; + +[https:\/\/www.cmegroup.com\/trading\/equity-index\/rolldates.html](https://preview.redd.it/r4g8ujpjnck71.png?width=917&format=png&auto=webp&s=3816fe287dd8b9d75da4ae0cdabf5a10e3690b53) + +But I digress, so back to Quanto Swaps. + +Found some nice articles on the quanto swaps: + +[https://www.tandfonline.com/doi/abs/10.1080/1350486042000297261](https://www.tandfonline.com/doi/abs/10.1080/1350486042000297261) + +>Pricing formulae show that the value of a quanto equity swap at the start date does not depend on the foreign stock price level, but rather on the term structures of both countries and other parameters. However, the foreign stock price levels do affect the swap value times between two payment dates. + +Job reports, inflation targets being risen by the WH, it is unlikely that the interest rate will go up before EoY. Unless there is a significant pressure from a different participant, ending their gamble once and for all. + +The Fed will likely taper by the end of September, but the rates will stay the same. With increased pressure, the rates will likely go up just before the start of the roll cycle - end of November. + +But that's just my prediction - and will likely be wrong. + +[https://www.tandfonline.com/doi/abs/10.1080/13504869400000001](https://www.tandfonline.com/doi/abs/10.1080/13504869400000001) + +Full Text: [https://www.researchgate.net/publication/229689489\_Valuation\_and\_Hedging\_of\_Differential\_Swaps](https://www.researchgate.net/publication/229689489_Valuation_and_Hedging_of_Differential_Swaps) + +>In the case of diff swaps with the principal denominated in a third-country currency, we first carry out simulations to answer the question on the relationship between the constant margin rate and the tenor. As reported in Table III, we find that the longer the tenor is for the swaps,the lower is the constant margin rate. Again, this characteristic is not universal. In some cases, the constant margin rate is high when the tenor is long. Second, as in the case of diff swaps with a domestic currency, the magnitude of the constant margin rate is generally smaller than the interest rate differential. This again supports the view that one should focus more on the yield curve differential than on the current rate differential when entering into a diff swap deal. + +Conclusion: + +>Simulation results show that the constant margin rate on average declines with the tenor of the swaps and the magnitude of the constant margin rate is generally smaller than the interest rate differential. Among domestic interest rate, foreign interest rate, third-country interest rate, and exchange rate, we found that correlations associated with the exchange rate play a more important role in pricing diff swaps than correlations among interest rates themselves. + +I think I know why Kenny's been travelling: + +* He pushed the Quanto swaps to different country's currencies - a Type of ETRS +* Currency evaluation plays significantly into this because the longer the tenor the lower is the constant margin rate +* Until the Fed, and other countries raise their interest rates, the margin calls may not be happening to Kenny +* Margin calls will likely be on the dealers/banks that issued Quanto Swaps +* Banks are likely crying to the Fed not to raise rates + +&#x200B; + +[WHAT DID I JUST FIND?](https://preview.redd.it/jyyykummnck71.png?width=1280&format=png&auto=webp&s=7aa52724be9f8d70339196fa89e02b52283f6d41) + +A comment by u/SomethingAweful308 that I enjoyed, but does not touch into the interest rates + +... this is like 'outsourcing' portfolio management to the market marker. With Equity TRS, a HF pays a fee for the market maker to take the stock positions for them. I see 3 big advantages for the HF to short GME this way: + +1. fast access to the execution in the dark pools thru the market markers doing the trading in the stock with their algos and their privileged Payment For Order Flow deals. +2. No risk or complexity of having to locate and borrow shares legitimately for shorting complace with SEC rule SHO, and risk the loan of shares going up in interest cost or being recalled. +3. And lastly getting access to the 'naked shorting' cheat granted to the market maker. + +&#x200B; + +# Now, to the SBS. + +Note, a lot of this is essentially taken from the SEC's own document with some digestion. + +[https://www.sec.gov/swaps-chart/swaps-chart.shtml](https://www.sec.gov/swaps-chart/swaps-chart.shtml) + +&#x200B; + +[How the whole SBS works](https://preview.redd.it/ta4ityfonck71.png?width=940&format=png&auto=webp&s=81720527b7050a8b40f28a605ea793b4610106d0) + +[First Counterparty](https://preview.redd.it/6vgducbpnck71.png?width=1346&format=png&auto=webp&s=b70af2075f74a264536e6a518cbd560e438aaad7) + +[Second Counterparty](https://preview.redd.it/rfhcn40rnck71.png?width=1346&format=png&auto=webp&s=f083f1dfde812d801155bee7457b6e373e170ca3) + +&#x200B; + +[SEFs](https://preview.redd.it/myw0552unck71.png?width=1346&format=png&auto=webp&s=4318209c71d74fadaa38fad00fdc6b5a178a15f2) + +Now, if you notice that the last three images show that the First and Second counterparty do not require registration with the SEC? HUH? WHAT? + +There are certain types of SBS that has to be transacted on an SEF or an exchange. However, there are SBS that may go through SEF or an exchange, or just be set to an OTC basis **by negotiation between two counterparties.** + +So, what does this all mean: Some securities need to be on the exchange, but others can just be made between buddy hedgies and SEC has 0 visibility on those trades because **THEY ARE NOT REQUIRED TO REGISTER WITH THE SEC.** + +&#x200B; + +[Come on ... seriously SEC?](https://preview.redd.it/xeawkdcwnck71.png?width=1100&format=png&auto=webp&s=dc78a2e85b1457e471ca0cfa656a52f06d6bfc88) + +So, the data report then goes to the Security-Based Swap Data Repositories (SBSDR) + +&#x200B; + +[SBSR](https://preview.redd.it/fhi70g8ynck71.png?width=1346&format=png&auto=webp&s=2b80bc41757c5afb2ca754cf4ee0a2c22664c013) + +Then, the data from these SBSR is released to the public - for the first time + +&#x200B; + +[The Apes](https://preview.redd.it/wq6jtliznck71.png?width=1346&format=png&auto=webp&s=734ef94fbcf59c8a8cb27e774c3230eb87be2381) + +Proposed rules on the public information about SBS: [https://www.sec.gov/news/press/2010/2010-230.htm](https://www.sec.gov/news/press/2010/2010-230.htm) + +The public report would show the following: + +* Specify the categories of information to be reported to a repository in real time and publicly disseminated. Among other things, this would generally include information about the asset class of the security-based swap, information about the underlying security, the price, the notional amount, the time of execution, the effective date and the scheduled termination date. +* Specify certain additional categories of information to be reported to a repository for regulatory purposes, but not publicly disseminated. Among other things, this would generally include the counterparty; the broker, trader and desk ID; the amounts of any up-front payments and description of the terms of the payment streams; the title of any master agreement governing the transaction; and, the data elements needed to determine the market value of the transaction. +* Require the reporting of certain events that result in changes to previously reported information about a security-based swap transaction. +* Identify which counterparty to a security-based swap transaction would be required to report information to a repository. + +**Here's where it gets fucky**: + +>Under the law, the SEC has authority over "security-based swaps," which are broadly defined as swaps based on a single security or loan or a narrow-based group or index of securities or events relating to a single issuer or issuers of securities in a narrow-based security index. +The CFTC has primary regulatory authority over all other swaps. The CFTC and SEC share authority over "**mixed swaps**," which are security-based swaps that also have a commodity component. +The Commodity Futures Trading Commission is proposing similar rules with respect to the reporting and public dissemination of information related to swaps that fall under the CFTC's jurisdiction. +In addition to working closely with the CFTC in preparing this proposal, the SEC and the CFTC held a joint public roundtable to gain further insight into many of the issues addressed in the rules. + +Notice, the SEC regulates some of these SBS but CFTC regulates all. As stated in my previous post about SBS, SEC has authority only for the non-Bank SBSDs and has no authority for the banks. + +&#x200B; + +[I ask that myself. Why the fuck does SEC have no jurisdiction on Banks, even after the repeal of the Glass Steagal Act of 1932?](https://preview.redd.it/yvgpi7h2ock71.png?width=500&format=png&auto=webp&s=3c936b4a39ab2c99c244e7d2fed5101bee60c99d) + +I will let you decide on the why - as it makes little sense to describe other than to hide their transactions from the SEC. And we know how overleveraged these banks are, especially with the recent Archegos meltdown - where Banks did not report shit to SEC about the SBS. + +Clearing happens on the Security Based SWAP Clearing House (SBSCH) + +&#x200B; + +[SBSCH](https://preview.redd.it/qyknvbs4ock71.png?width=1346&format=png&auto=webp&s=4ee230cdfb7ac572b05237c77b4dffc46fc6b25c) + +So, what are the reporting rules: [https://www.sec.gov/news/press-release/2012-2012-124htm](https://www.sec.gov/news/press-release/2012-2012-124htm) + +>The SEC also adopted rules requiring clearing agencies that are designated as "systemically important" to submit advance notice of changes to their rules, procedures, or operations if the changes could materially affect the nature or level of risk at those clearing agencies. + +The data we are all looking for are in these clearing houses and needs to be found, and yet it is very easy to do so: + +[https://www.sec.gov/tm/clearing-agencies](https://www.sec.gov/tm/clearing-agencies) + +It is a treasure trove above, and needs to be looked into deeper, but we have the same actors being in play: + +* [The Depository Trust Company](http://www.dtcc.com/about/businesses-and-subsidiaries/dtc) (“DTC”) + + * Order Granting DTC Full Registration, Release 34-20221 +* [National Securities Clearing Corporation](http://www.dtcc.com/about/businesses-and-subsidiaries/nscc) (“NSCC”) + + * Order Granting NSCC Full Registration, [Release 34-20221](https://www.sec.gov/rules/other/34-20221.pdf) +* [Fixed Income Clearing Corporation ](http://www.dtcc.com/about/businesses-and-subsidiaries/ficc)(“FICC”) + + * Order Granting FICC Permanent Registration, [Release 34-69838](https://www.gpo.gov/fdsys/pkg/FR-2013-06-28/pdf/2013-15509.pdf) +* [The Options Clearing Corporation](https://www.theocc.com/) (“OCC”) + + * Order Granting OCC Full Registration, [Release 34-20221](https://www.sec.gov/rules/other/34-20221.pdf) +* [ICE Clear Credit LLC](https://www.theice.com/clear-credit) (“ICC”) (successor in name to ICE U.S. Trust LLC) + + * Deemed registered as a clearing agency on July 16, 2011, pursuant to the Dodd-Frank Act. [PL 111-203](https://www.gpo.gov/fdsys/pkg/PLAW-111publ203/pdf/PLAW-111publ203.pdf) +* [ICE Clear Europe Limited](https://www.theice.com/clear-europe) (“ICEEU”) + + * Deemed registered as a clearing agency on July 16, 2011, pursuant to the Dodd-Frank Act. [PL 111-203](https://www.gpo.gov/fdsys/pkg/PLAW-111publ203/pdf/PLAW-111publ203.pdf) +* [LCH SA](https://www.lch.com/about-us/our-clearing-houses) (“LCH SA”) + + * Order Approving Registration and Exemption, [Release 34-79707](https://www.gpo.gov/fdsys/pkg/FR-2017-01-05/pdf/2016-31940.pdf) + +So, what about the initial margin requirements that are about to hit the spot. + +Well, we know there are about 3,500 NSCC participants out there that will require initial margin: [https://www.dtcc.com/client-center/nscc-directories](https://www.dtcc.com/client-center/nscc-directories) + +However, we have 0 visibility on who the fuck participates in the Swaps because **THEY DO NO NEED TO REGISTER WITH THE SEC!** + +Further, I decided to look into the law about the margin requirements: [https://www.law.cornell.edu/cfr/text/17/240.18a-3](https://www.law.cornell.edu/cfr/text/17/240.18a-3) + +**Dealers** + +* (c)(1)(i) Must calculate the amount of exposure and the initial margin for each account as of the close of each business day +* (c)(1)(ii) Must collect from the counterparty collateral in an amount equal to the current exposure that the SBS dealer has the counterparty to + +**Delivery of Collateral:** + +* **Exceptions for collection of collateral** + + * Commercial End Users + * Counterparties that are financial market intermediaries + * Counterparties that use third-party custodians + * Security-based swap legacy accounts + * Bank for International Settlements, European Stability Mechanism, and Multilateral development banks + * Sovereign Entities + * Affiliates + +**Collection of Initial Margin:** These fuckers can decide not to collect Initial Margin between all the parties. + +The whole setup is done so these degenerate gamblers are allowed to continue to grow into bigger degenerates. + +[https://www.investopedia.com/articles/investing/052915/different-types-swaps.asp](https://www.investopedia.com/articles/investing/052915/different-types-swaps.asp) + +Swap contracts can be easily customized to meet the needs of all parties. They offer win-win agreements for participants, including intermediaries like banks that facilitate the transactions. Even so, participants should be aware of potential pitfalls because these contracts are executed over the counter without regulations. + +# The only way they win, is if you don't hold. +A competitor has been trying to poach me from my current company. I’m a key player on my team, so I have a little leverage. + +When asked what it would take to get me to leave, I gave them a number that is much higher than I normally make (about 80% more). + +Now it sounds like they are going to come back to me with the offer in a week. + +The thing is, I love my current job and would ideally like to stay. Going to the competitor would be a downgrade in all aspects except for salary. + +The way I see it, I have 2 options to approach my current boss: + +1) Talk to him before I get the offer. Explain that I’ve been approached by companies offering much higher salaries, but do not want to leave. Ask how we can work together to get me to a competitive salary. + +2) Talk to him after I get the offer. Explain that I have an offer in hand, and ask for it to be matched. + +I lean toward #1, it feels like a more positive approach - especially if I stay. However, I don’t know if HR will go for doubling my salary just because I asked nicely. + +What do you think is the best way to approach this? +Since last December I've been getting irregular deposits into my checking account in different amounts totaling more than $4,000. The payment's description is "FIS_Prepaid Card Funds Trf". I've contacted my bank a number of times, but they say they have no information beyond the transaction description. I looked up FIS's number and contacted them, but they said they have no information and can't look up the deposits. + + +I have only one credit card and one debit card through my bank, and I've those that exclusively for the last 8 years. Before that I had an account with Wells Fargo. I've never had a prepaid debit card that I can remember, and certainly not one with $4,000 left on it. There have been no disputes of any charges on a debit or credit card in the last year, and I would remember anything outstanding for this much money. + + +I am being careful not to spend the money, since there is a good chance this is a mistake. Having to keep track of how much of my account balance is untouchable is annoying. How can I find out where this money is coming from and why? + + +The deposits don't seem to follow a pattern: + +Dec 19 - $1101.85 + +Dec 27 - $767.60 + +Jan 25 - $493.25 + +Mar 22 - $1739.86 + + +Edit: Thank you for all the advice, knowing what to ask and where to ask it should help! I'm going to pressure my bank tomorrow and ask for the full ACH deposit instructions and see if that leads somewhere useful. I'll try the FIS EFT Investigations division next. If that fails I'll ask my bank to open a fraud investigation and send them a **certified** letter. + + +**Final Edit**: The FIS phone number led nowhere. If you want to run around a hilariously automated system with no exits, I recommend it. Thankfully, my bank was more helpful. Once I started asked for ACH transaction details and the ID of the sender and stated they must have it, I was transferred to someone able to look up that information. They gave me a new company name (not FIS) and a trace number. Thank you /u/UGetDatThingiSentYa for the correct terminology! The new company was able to tell me the source of the payments and sort everything out. Thank you to everyone for the help, I had no idea this would be so popular! + SO and I (mid/late 50s) are embarking on a second home that will hopefully/likely become our main home in a few years when we finally retire or at least ramp down our work to around 25% of what we do now. + +Here are the numbers: NW is about $16. This house would be something we build and would cost about $4, all-in, realistically. Due to cap gains problems, we might get a HELOC on our existing home (which we'd keep) to pay for some of this since our current cash on hand would only cover maybe 60% of that. + +So part of me looks at it this way: could I be comfortable retiring with $12? I sure think so. At 3%, that's $360/year? That's more than we spend currently. Granted, maintaining a second house will increase our expenses plenty, but I still think that'll cover our nut pretty easily. And if we bump up to 4% for modeling purposes, that should be no problem at all. + +But I'm still nervous. This would be by far our largest expenditure ever. And since it will be moderately high-end real estate, it won't be that liquid. And it won't be worth to the market what we pay to build it, in all likelihood. + +I know that part of this process is just me getting comfortable enjoying some of the wealth we've been lucky enough to accumulate. + +Do my numbers seem out of whack for my situation? Or would most of you consider this a reasonable lifestyle enhancement? +Last month's check never showed up, and the landlord didn't think to tell me until the last of the month. He said he didn't really care and that he was out of town so it wasn't a big deal at all. I know he has returned now, and I sent THIS month's check via certified mail because several letters I sent out with last month's rent never got to where they were supposed to be. + +It is now the 10th, the certified mail with my check was sent out on the 1st of this month, but tracking information still shows it is at the Post Office waiting for pickup. I have texted him to let him know there was a notice at his address and that he would need to go sign for the envelope or arrange redelivery. Is this weird? I have almost 3K sitting in my checking account that I am pretending isn't there. Landlord says he doesn't really care, private renter, am I covering all my bases here? Should I truly not worry? + +Edit: Problem has been resolved by some of you fine Redditors in here. I didn't know the post would get this big. RIP my inbox. +We've seen that the movie stock increased in price in the last week or so, and I believe this is the result of a well thought plan by the HF. Let me put it this way, but don't quote me on this, I'm just a dumb ape who happened to THINK?! for a second: + +&#x200B; + +1. About 3 weeks ago, we've seen an influx of posts about the movie stock on our sub, causing a little bit of a divide between apes. We even had our mods intervene to sort things out. +2. Last week the price of the movie stock started increasing, but I believe all this movement is and was controlled by HF (because we've seen multiple posts which stated that Shitadel had a huge position in a.m.c) +3. Paid MSM (tv and internet articles) covering a.m.c a lot, always mentioning that it was better than our beloved GME. +4. All of these happened in a span of two or three weeks, because, guess what, next week we have our Shareholders meeting, where hopefully a lot of things will be revealed! Shitadel and friends fear 6/9 (nice) and I believe everything that is happening now with the a.m.c stock, including the media coverage, is orchestrated in order to make GME apes sell due to FOMO. This is one of Shitadel's last desperate 'attacks' to make apes sell GME. +5. But guess what, the movie stock has its own apes and they only buy and hold. I don't think Shitadel thought of this, so now things are getting harder and harder for shitadel and friends. I believe they are fighting for survival, knowing that 6/9 will reveal a lot of stuff and will probably trigger the MOASS. But as we've seen, Kenny is ready to fight till the last breath. Your wish is granted kenny, ook!? +6. Moreover, GME apes are actual bonobos, they don't care, they only buy and hold GME, 'we' didn't FOMO into the movie stock and thus, GME holds strong! +7. 5+6 is why their plan failed +8. But I'm dumb af, so idk. + +BTW my plan is to sell only one share at 25 milly, keep the rest for the infinity pool, make these bitches bleed. Not financial advice! + +&#x200B; + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +I run a small brand of stainless steel crypto backups and recently I put my most popular one inside a ceramic furnace for 12 hours straight, with a peak temperature of 1150 °C (2102 °F) which lasted 1 hour. + +My backup works by converting each word of your seedphrase into its equivalent number using the BIP39 Standard, a static pool of 2048 words. Then you just grab a hammer or mallet and stamp the sequence of numbers into the plate. + +Product: https://cryptonumeris.com/products/plate-s + +Original wordlist: [https://github.com/bitcoin/bips/blob/master/bip-0039/english.txt](https://github.com/bitcoin/bips/blob/master/bip-0039/english.txt) + +So instead of shipping 27 alphabetical stamps I just ship 9 numerical stamps (6=9). + +I use AISI 304 Stainless Steel which has a melting point of 1450 °C (2642 °F) so I knew it would not melt, this was rather intended to be an endurance test against high temperature for a long period of time. + +[Fully stamped plate](https://preview.redd.it/y9kdtkx8gyu81.jpg?width=4592&format=pjpg&auto=webp&s=433320839d54fb23e72ce73aff1ca6e83ad60522) + +[Macro shot of the stamped numbers](https://preview.redd.it/8gdcdt6dgyu81.jpg?width=4592&format=pjpg&auto=webp&s=f1fa5398e59eeb5c16e14f45953e90e8f358f3cc) + +\*\*\* + +Anyway, so one of my dad's friends runs a ceramics factory which manufactures Raku (his name is Juan), and he was kind enough to let me put one of my plates in one of the furnaces. + +On **April 12 at 6:30 am the test had begun**, the furnace was on. Juan told me the peak temperature was gonna be reached at around 4:30 pm so I went to the factory at that time to photograph the live furnace and and the thermostat. + +Please note that the furnace was turned off at 6:00 pm but remained closed until the next morning at 9:00 am, an extra 15 hours which I do not have the graph for, but it's safe to say it remained very hot inside the furnace for a good few hours after it was turned off. + +[The live furnace.](https://preview.redd.it/ve4i58e3hyu81.jpg?width=4592&format=pjpg&auto=webp&s=69b090de8604e2b4df8e8ff37e6581c48d988e1a) + +[Peak temperature](https://preview.redd.it/avitsx74hyu81.jpg?width=4592&format=pjpg&auto=webp&s=7ec197cad26e0802fe6f73bfd8fc8553b2f35e96) + +[Temperature graph](https://preview.redd.it/ls025646hyu81.png?width=952&format=png&auto=webp&s=202a7f547f608980026044c447534bbcfe5cb0f3) + +# The Aftermath + +On **April 13 at 9:00 am the test had concluded**, the furnace was practically at ambient temperature. The first pic was taken by Juan when they first opened the furnace. I got really anxious because you can barely see any marks on the plates so for a moment I thought they were completely done. I arrived at 11:30 am to the factory only to be surprised by the results. + +[First pic after opening the furnace](https://preview.redd.it/vo2s0m5yhyu81.jpg?width=1512&format=pjpg&auto=webp&s=16667d2625c92ecb52b997ad7fda3e5a686d39df) + +[Front and back](https://preview.redd.it/j4fiobibiyu81.jpg?width=4592&format=pjpg&auto=webp&s=cac74ca0890d9a21706ed2196559df1fb48b20a7) + +[Close up](https://preview.redd.it/f6saqvdciyu81.jpg?width=4592&format=pjpg&auto=webp&s=3c0094e64ae6af465c823ca6e8ea2493bfeea6bf) + +[Macro shot of the stamped numbers](https://preview.redd.it/pltszrwciyu81.jpg?width=4592&format=pjpg&auto=webp&s=94c821a379f2b35880005c89fbf8adf659578c76) + +# Result & Conclusions + +The backup data was fully recovered, you can see all the numbers because the steel has almost all of its integrity even after being burned down for half a day. + +After carefully reviewing both burned plates and the nature of this benchmark, I came to the conclusion that this test was a total success. I like that this ended up being an extreme endurance test that really shows the strength of the steel. + +There's no secret, if the furnace would have reached a temperature of 1450 °C (2642 **°**F) both plates would have melted and redeemed irrecoverable. But realistically speaking, in what scenario would these crazy temperatures be reached? The average house fire temperature oscillates between 600 °C and 800 °C (1100 **°**F - 1500 **°**F). [Source 1](https://firefighterinsider.com/house-fire-temperature-how-hot-does-it-get/) [Source 2](https://jacksonvillesafe.com/2019/07/do-you-know-what-will-not-burn-in-a-house-fire/) + +I do not claim to be an expert in house fires but I firmly believe that 12 hours of high temperature is a long amount of time and proves that this grade of steel is suitable for this kind of application. + +I would love to hear everyone's opinion on my test, was it good enough? I do believe it simulates a severe house fire. If you have any cool ideas for other benchmarks against steel! + +Full article: [https://cryptonumeris.com/blogs/cryptonumeris/stress-test-1](https://cryptonumeris.com/blogs/cryptonumeris/stress-test-1) + +Edit: Thank you all for your feedback! :] +$CRUSADER 🏰 - Crusaders of Crypto, A roguelike passion project that fuses the love for retro gaming and crypto together! + +👹 Kill Monsters. Hoard Token 🏅 . Earn Rewards 💎 . + +Crusaders of Crypto is the first game in crypto to provide modern reflection tokenomics, with rewards automatically set aside to fuel in game competitions, airdrops, and more! + +🤑 Their second competition is currently live!!! Play the game for a chance to earn BNB! 💰 + +[Game](https://play.crusadersofcrypto.com/) at launch ✅ +Just had a big patch✅ +Reviewed by a 300k block chain gaming enthusiast [Youtube](https://youtu.be/ik5OL_-lFzY) channel ✅ +BNB Redistribution Token ✅ +No cooldown on claiming BNB ✅ +Infinite BNB Stacking (no need to claim daily) ✅ +dApp to claim integrated directly into game ✅ +Competitions and Prizes rewarding bnb ✅ +Liquidity Locked and Fair presale ✅ +Verified Contract: 0x6289812163af9421E566B3d74774074fAc2A0441 ✅ +Audited [Audit Report](https://github.com/Watch-Pug/Crusaders_Review/blob/main/WatchPug%20Audit%20Report%20for%20Crusaders.pdf) by Watch pug ✅ + +DPS/Tank/Healer LFG? Join the party! + +🎲 About the game: +Top down pixel art rogue-like with enemies, weapon pickups, potions and bosses, all your high scores are tied to your wallet address. Multiple anti-cheat mechanics including replays which can be shared around with friends or the active discord community. This is still the early stage of the game and there is plenty more game content to come. + +🔮 Upcoming features: +\-Create a dungeon and challenge your friends to it +\-NFTs for your Dungeons and character +\-More Content in game including More bosses, Monsters and gear! + +About the Tokenomics: + +🍪 Total Supply: +\-1,000,000,000,000,000 (1 quadrillion)- Game Wallet (2%), hard-coded preventing sales from this wallet (used for bnb claiming to fund game events +\- Team Wallet (2%), hard-coded preventing sales from this wallet (used for bnb claiming to fund marketing, etc.) +\- LP: 460,000,000,000,000 (46%), paired with 100 bnb. + +🌊 Liquidity: +\- Initial Locked with [DXSale](https://dxsale.app/app/pages/dxlockview?id=0&add=0xA143D7922FDA73Cb59401b5C2e32Fe2c9AB8A35e&type=lplock&chain=BSC) +\- Auto Liquidity locked by smart contract by default +\- Auto Liquidity Fee: 5% + +🎁 BNB Rewards: +\- Determined by the % of tokens held by actual owners (burn/lp/contract/owner excluded from calculations) +\- Claim any time, no time limits or daily claims necessary. True BNB reflection based on volume +\- BNB Reward Fee: 5% + +🐋 Anti Whale Price Impact Limit: +\- Transaction limit of .5% (5,000,000,000,000) is imposed for both buys and sells. + +🕘 Launch date: 7/1/21 + +💻 Website: [https://crusadersofcrypto.com/](https://crusadersofcrypto.com/) + +🎮 Game: [https://play.crusadersofcrypto.com/](https://play.crusadersofcrypto.com/) + +👾 Discord (where dev is most active!): [https://discord.gg/24vKvRCHxu](https://discord.gg/24vKvRCHxu) + +🐦 Twitter: [https://twitter.com/CrusaderBSC](https://twitter.com/CrusaderBSC) + +📞 Telegram: [https://t.me/CrusadersOfCrypto](https://t.me/CrusadersOfCrypto) +I'm just now getting into keeping up daily with US markets so I'm pretty new to this. I'm watching CNBC and they seem so annoyed about the "reddit rally" and the possible short squeeze situation with GME. + +Am I just misinterpreting them or are they really annoyed? If they truly don't like it, what reasoning do they have to be upset about it? +Hi All - Hub and I decided next car will be an EV and I really do not want a Tesla. Anyone have any reccs? + +Edit: we are really considering the BMW i4, primarily as a local/commute car. We will keep our other car as a travel car. Any thoughts/input on the new BMW EV range? +Over the last few months I've come across many posts in this forum, and other FI forums, on how to "retire" and I find the whole concept a bit misleading because I really don't think that retirement is a goal... it's a state of mind. + +About a decade ago, while teaching some financial management classes, I developed a theory of the 3 stages of income producing life. To me, I believe that they represent the progression to "retirement". You might have seen me mention this elsewhere, but I think it might benefit others to read it as well. + +&#x200B; + +1. J.O.B. - This stage stands for Just Over Broke. This is the first real work you will have after college, or a trade school, or a firs job that you had to put your big boy/girl pants on. You are not making much money here, but you are building skills, knowledge, experience, relationships, and generally learning how to behave in the industry you have chosen as your profession. There is no glory in the J.O.B. phase, you are happy to just exist. Overworked and underpaid is the defining aspect of this phase. +2. Career - In this stage you are capitalizing on your skillset developed during the J.O.B. phase. It is is by far the most money you will make. You are hitting your stride as a professional, you might be even considered an expert in your field after a while... but you are not free. Your ethics and morality are still muted by the ones of your superiors. You might enjoy certain luxuries in life, but in essence you depend on the paycheck. House, kids, family, other responsibilities prevent you from actually telling your boss to go to hell. If they tell you that you need to stay late during your kid's recital, the chances are you'll be missing your kid's recital. +3. Calling - This is the stage where your finances have allowed you to no longer chase the buck and you are focusing on the things that you're passionate about. The calling, is defined by one single aspect... having enough F\*#K YOU money. So when the boss comes in and says "I need you to stay late" you tell them that they have a choice... to figure out how they will do it without you or fire you, and to let you know which one they chose when they've figured it out. + +&#x200B; + +To me, the last one is actually the "EARLY RETIREMENT" aspect of the whole movement... I have nothing against sitting on the beach drinking fruity drinks and traveling the world. If that is your passion, if that is the calling you've chosen, then enjoy it and have fun. For most of us, especially in the fatFIRE community, we lack the quit in us and we are always looking for an angle... I still haven't met a single one that isn't a scheming bastard (myself included)... so why not use that skill to better the world, better the planet, better your community? + +So, the point of the post? If you're struggling with your current job but you have enough money to not worry about bills... maybe it is time to get into the calling stage and enjoy life a little while you're still making some money? +At what income or NW level did you stop worry about using 3 different cards on a daily basis, or different cards in general to earn credit card rewards on purchases? + +For example, I currently use Amex gold for food/groceries, Amex platinum for travel, delta card for delta flights, different card for gas, etc. I do this to maximize rewards/points. However, it gets slight bothersome constantly having to worry about which card to use, and making sure all cards are paid on time, plus carrying 100k+ available credit in my wallet may be a security risk. + +I have considered putting all personal spend on just 1 card and making it easy, while I will maybe earn $1-2k/year less in rewards, but it would simply my personal finances and stress of paying cards off on time. + +What do you all do? + + +Mods- please delete if not allowed. +Thanks to the pf community for the ideas and for being good role models. I made a lump sum payment of $20,000.00 and my debt it nuked. + +How I did it: + + I built an emergency fund (4 months expenses) + + I realized the unmilked cash cow that is my companies ESPP program. with a 15% discount on stock purchases locked for 2 years. I dumped 100% of my paycheck in the last 2 paychecks of the 6 month buy period and doubled my money thanks to lucky timing with the price being set very low. That gave me enough money to afford to put most of my pay into it for the next buy and the next one after that which ended up being a significant pay day. (The emergency fund changed my whole future.) + +I had planned to pay off half of it today and half in 6 months after the next buy, but I realized I had reduced my spending so much and saved enough that I didnt even notice not getting paid for months at a time. So I just dipped slightly into the EF to do it all today. This should save me about 3,000 a year in payments and north of 7k in interest over the next 10 years. + +Conclusion. I feel warm and fuzzy and confident I can do even better in the future! Next goal, early retirement! +The weather today is nice, and the temperature is going up as the day goes on. Therefore - the stocks this week will also be nice and go up as the week goes on. + +Source: im walking around thinking about nice stalks and its nice out. + +Edit: I'm going to the lounge to have my tendies served to me on a red platter. Good day sirs. +Maybe useful for some. I decided to cancel NowTV subscription and after going through about 6 pages of "are you sure you want to miss out on THESE GREAT SHOWS", the final page said "how about an offer just for you" and they offered my entertainment package for £3.99 a month for 6 months, Vs the current £9.99 a month I've been paying. + +You win this time NowTV, I'll take it. +[Proof](https://imgur.com/a/SasaQ) (If you believe that everything on the internet must be true. :P) + +Hey guys! + +I've been lurking here for about a year after realizing there is an actual community for folks with my mindset. + +I unfortunately don't have too much of a rags to riches story. My journey started when I joined the workforce in 2013 with a net worth of about -55k from grad school debt. Aside from maxing out a Roth 401k and basic expenses, all my money went into paying down my student loans, which I accomplished early 2015 and at that point had a net worth of about 50k. Since then, the vast majority of my savings has gone into a diversified portfolio of index ETFs and mutual funds managed by robo-advisors (I still max out my 401k but now do 50% traditional and 50% roth to hedge the uncertainty in my future tax rate). Here's the kicker: between late 2015 and mid 2016, I invested $27k in Bitcoin and Ethereum. Those investments have grown from 10% of my net worth to about 55% even after I took ~$74k worth off the table a couple weeks ago to lock in a gain. Without that investment, my net worth would probably be closer to $450k today. + +In terms of jobs, I have worked as either a software engineer or a data and analytics engineer here in Silicon Valley. I currently work at a startup where I am definitely earning below market in terms of cash comp so am hoping the equity works out (but really I joined out of a love for the product - it is one of the robo advisors I use - and out of realizing how much I could grow as an engineer in their organization). + +I try to keep my expenses fairly minimal. I probably spend $50 a month eating out since my work now provides free lunch every day. I live at home with my parents but spend about $1200 a month paying them rent and covering all the groceries for the household. My "splurges" this year have been $600 for a Switch and 3 games + pro controller, $300 for a new phone (the phone itself was $650 but I had a special pool of $ to use on it from my previous job), and $290 for a 1TB SSD I got for myself on black friday to make more room for stuff on my 4yo custom built PC. + +My FIRE amount is currently $3M but hoping to get to around $5M to feel really secure. Feel free to ask any questions in the comments. :) +Hi, all. + +I wrote three previous messages on how the POWcycle is deleting our money, with suggestions on how to respond: + +1. [Beware the POWcycle](https://www.reddit.com/r/stocks/comments/u521ic/beware_the_powcycle/); +2. [POWcycle: The Next Turn](https://www.reddit.com/r/stocks/comments/u9mj9o/powcycle_the_next_turn/); and +3. [POWcycle: The Next Day](https://www.reddit.com/r/stocks/comments/uja7np/powcycle_the_next_day/). + +We're now in POWcycle № 11, which started on Thu 5 May 2022, and is squeezing us like a vice. + +This fourth installment is my view on the cause of and endgame for the POWcycle. + +**Why Did Growth Stocks Crash 70% to 90%!?** + +**IMPORTANT:** Although this isn't linear, a rule of thumb is that *for each 1.00% that the Fed is expected to raise interest rates, 20.00% of a growth stock's market cap will get deleted.* In other words, if interest rates are expected to go up by 1.00%, your growth stock will crash by roughly 20.00%. + +**How Did We Get to This Point?** + +Growth stocks became tremendously overvalued and then institutions and very experienced investors and traders who understand how the boom-bust market cycles work took advantage of the bubble to enrich themselves at the expense of most retail investors and traders. + +Generally, growth companies don't make a profit. Their expenses are higher than their revenue, and sometimes their revenue is $0. They have to get money from somewhere to pay their employees, pay for health insurance for their employees, rent space in buildings, buy computers and other equipment, etc. They often have a new product for a market (customers), but if it's a good idea, other companies, including big, profitable ones, will go after that market, so the growth company is desperate to be the first to capture customers and establish a moat to fend off competition. They prioritize growth at all costs over making a profit because they know that unless they can establish a durable base of customers, just like a rocket that fails to reach orbit, they would crash back to Earth. That is, they could easily go bankrupt, so there's enormous pressure on them to grow as quickly and as massively as possible. Those who succeed can corner a large market and make a killing, which would greatly benefit investors. + +Growth companies can grow through more and more sales, which takes a great product and great marketers, and they're expensive to hire. The companies can also grow by acquiring other companies, which is astronomically expensive and involves taking on huge amounts of debt. But they caught an amazing break in 2020: free money! + +In 2020, interest rates were near 0.00%. If The JPow had offered you a $1,000,000.00 loan for three years at 0.00% interest, wouldn't you have taken it and tried to make some money on it, and then paid him back the $1,000,000.00? Because growth companies are always desperate for money, they were jumping up and down for joy when The JPow fired up his printing presses and kept them going 24/7, printing jaw-dropping amounts of money (see below) and literally throwing it at every American and American business that wanted it (and even those that didn't). + +Americans found themselves locked away at home, with lots of cash coming in. A huge amount of that money went into the stock market, not into slow-moving gigantic companies, but fast-moving small ones where people were able to make a 20% gain in a week, or 100% overnight via an options play. TSLA, alone, created a great number of options multi-millionaires in just a few months! Just about every well-known growth stock went parabolic, and retail investors and traders went manic. Every day on YouTube, retail traders were told to buy one stock or another, and they did, and those stocks kept rocketing up. + +With access to huge sums of money, investors and traders were optimistic that growth companies could put that money to use to drastically accelerate their growth. In many cases it worked. For example, Zoom (ZM), Overstock (OSTK), and Peloton (PTON) provided near-essential services or goods to customers who were locked down at home for an indefinite time period. As long as quarterly earnings went up rapidly, so did share prices. Sales were surging, so investors and traders were willing to pay a lot, lot more for shares than they were worth because they figured that in the future, the growth stocks would grow tremendously and thus justify the "revenue multiple" today. + +But there was a problem. Eventually, everyone had bought up all of the things that they didn't have that would enable them to work from home comfortably. Growth flatlined. And then there was another problem. We started seeing inflation. So much new money had been printed that it diluted the value (buying power) of existing money. And then, some people started returning to work, away from home, for at least a few days a week. Meanwhile, everything started getting more and more expensive, and when that happens, the Fed intervenes by raising interest rates. + +That makes the cost of capital—of borrowing money—a lot more expensive for growth companies. It also makes the cost of raw materials and everything else that they buy more expensive. The money is no longer free, so future expenses increase, while growth simultaneously decreases. Suddenly, the value of that share you own in a growth company goes down. And as inflation rises, and it becomes clear that the Fed will need to be more aggressive in raising interest rates, it goes down more, and more, and a lot more. You have trouble finding buyers of your share when the company is producing rapidly declining revenue and faces rapidly increasing expenses. + +When that happens, investors understandably don't want to pay a huge revenue multiple. In other words, when Zoom's share price kept going up and up, as everyone thought that lockdowns would last forever and that it was an essential business service, they were willing to pay any amount of money for it. But when it became clear that it couldn't go up forever, and had become drastically overvalued, and then started producing less and less revenue, investors understandably started selling, first slowly, and then more quickly. As many growth stocks that had benefitted from a once-in-a-lifetime event had become overvalued, and the pandemic abated and their revenue started falling while expenses were increasing, they eventually rocketed down far faster than they had rocketed up. With each quarterly earnings call that brought weaker guidance about the future, and more signs of inflation, the share prices reversed to the downside and gained momentum, eventually resulting in panic-selling in many cases, and causing huge declines. + +**Just How Much "Extra" Money Did The JPow Print?** + +He printed 41.08% more than there was right before the pandemic started. Take a look at this [graph](https://fred.stlouisfed.org/series/M2SL). And check out [the relationship between the money supply and inflation](https://www.wsj.com/articles/powell-printing-money-supply-m2-raises-prices-level-inflation-demand-prediction-wage-stagnation-stagflation-federal-reserve-monetary-policy-11645630424). + +**Why Is This So Bad?** + +Imagine that there's a growth company that offers shareholders 100 shares in total, for $10.00/share. There are 100 shareholders, each of whom owns one share, including you. Then, the company issues 41 more shares. It doesn't have any greater sales, but overnight, instead of owning 1/100th of the company, you now own 1/141 of the company. You've been diluted. Your share isn't worth as much as it was. + +Inflation does the same thing. What used to cost you $5.00 to buy now costs a lot more, but you still have the same amount of money. Your buying power has been reduced. What this means is that what used to cost $90,000.00 a year ago costs nearly $100,000.00 today. + +Each month, the US Bureau of Labor Statistics releases the consumer price index (CPI), and other data. By monitoring it over time, we can see how core inflation is rising. You can grab the raw data [from here](https://www.bls.gov/data/#prices) and plot it in Excel. + +So, if we stuff our money under our mattress, inflation will, in effect, burn up one-tenth of it (so far, at least). + +Also, consider your investments. Your real rate of return is whatever percentage gain your portfolio makes less the inflation rate. A lot of capital has already been deleted through panic-selling for huge losses and as the result of margin calls, but it's still a trivially small amount relative to the sheer amount of money that The JPow printed. + +**What Can Be Done About Inflation?** + +When the ability to produce goods and services stays the same, but the money supply increases, it causes inflation. Supply chain problems reduce the capacity to produce goods and services on the same level as before, and that makes inflation even worse. + +What, really, can be done? Interest rates need to rise to lower aggregate demand for goods and services, (some of) the "extra" money has to somehow get deleted, and the GDP has to grow (driven by an expanding population from immigration and new births) into the larger money supply. + +The supply chain from China isn't really the problem. Decades of uncontrolled borrowing, money-printing, deficit spending, astronomical interest payments on debt, and the pandemic crisis that caused the Fed to print so much more money, which then got pumped into the stock and options markets, got us to this point. The government has consistently borrowed from the future, and from other countries, to build a bridge to that future. As long as GDP grows sufficiently to manage to pay for the interest on that borrowed money, and pay down principal, everything can be managed. But there are natural limits. If the GDP can't grow sufficiently, then we encounter all sorts of problems, the ultimate consequence of which is that the quality of life deteriorates significantly for most citizens. + +**So How Does Inflation Kill Growth Stocks?** + +In Jun 2020, when you bought that high-flying growth stock, you were paying 50x what the company was worth today, on the assumption that it would grow massively in ten years, and thus justify an enormous share price. But with inflation sky-high, which means that a growth company's expenses are a lot more expensive, and revenue shrinkage, that growth stock isn't worth that huge 50x multiple. + +Then, in mid-Feb 2021, when growth stocks were generally at their all-time highs, and signs of inflationary pressure started to appear, no one knew exactly how bad it would be. The JPow assured us that it was transitory. The economy was strong. Nothing drastic happened, but share prices drifted down somewhat. + +Each month, more and more people started paying attention to the CPI release, and noticing with growing alarm that the number was going higher and higher. Up to a week before the release, you'd see some selling in growth stocks and a price dip. Retail traders and investors, not steeped in macroeconomics and usually too young to have lived through many different macroeconomic conditions, weren't sure what was happening. + +But institutions and the old guys knew exactly what it was. They sold at the top. Now, the POWcycle's wheel started turning: + +POWcycle № 1: CPI release → fire-hot number → FOMC meeting → JPow press conference → "Inflation is transitory" → Some skepticism and selling of shares. + +… + +POWcycle № 4: "OMG, the CPI release is coming up. I'm going to sell my shares, just in case." → CPI release → fire-hot number → FOMC meeting → JPow press conference → Lots more selling → Share price drops again! + +… + +POWcycle № 8: CPI release → fire-hot number → FOMC meeting → JPow press conference → "Maybe we should retire the word 'transitory'." →"Say, what!?" → Panic-selling → Large drop in share price. + +… + +POWcycle № 10: "God, that number is going to be out-of-this-world high! I've got to sell out of this dumb company!" → lots of selling → scary price drop → CPI release → FOMC meeting → JPow press conference, "0.75% is off the table" → Huge retail trader relief rally → Skepticism: "He's lying!" → Devastating panic-selling. + +Eventually, what started with a trickle in POWcycle № 1 became the nightmare flood of POWcycle № 11 that we're enduring right now. + +**How Was I Fooled So Easily?** + +It started off so slowly that the countless retail investors and traders who were too young to really know about the dot com crash of 2000 or the Financial Crisis of 2008 didn't know that anything much was wrong. Besides, "this time is different," many said, just as every other generation had said before them. We've never lived through a global pandemic like this. We haven't faced inflation since the early 1980's.We had only ever heard about quantitative easing, never quantitative tightening. It's understandable that there was a lot of confusion and lack of knowledge about what was likely to happen and what to do about it. + +Essentially, retail traders were like frogs, boiled alive one degree at a time, not noticing that the water was getting awfully hot until it was too late. + +Also, a lot of retail traders experience a very common psychological phenomenon that goes like this. "My stock is down by 6% since last week! But it's a strong company. It'll recover. There's no way I'm going to sell my position for 6% less than I had last week!" Because they don't understand that there's a POWcycle, and how it works, when the next POWcycle grinds the share price down further, they say to themselves, "This doesn't make any sense, but it can't possibly go any lower. It's at major support." The next POWcycle strikes, and now they're below the major support level, wondering what happened. It was at $300.00/share, and now it's at $260.00/share. "I can't sell now! I'm down by a lot!" But all this time, they have no idea what's coming: many future POWcycles that push the share price all the way down below $40.00/share! + +And because a lot of retail traders focused primarily on growth stocks, because that's where the huge gains were being made, they didn't use a stop loss because that could have potentially caused them to lose some money, but they wanted to keep it all. They were so loss-averse that they were willing to keep holding, and as the share price moved down further and further below their cost basis, their grim resolve to keep holding increased. Then, they found themselves down by 90% on NVTA, one of Cathie Woods's game-changers! + +Remember that 50x price-to-sales (P/S) multiple? It drifted down to 40x, then 30x, then 5x…and rocketed toward 0 like a heat-seeking missile! Seeing bright red numbers like -74%, -85%, -92% in the P&L % field of your positions is astonishing. And that's to say nothing about options traders who have outright lost vast sums of money via margin calls. + +**Oh, God. My Life is Ruined! Will These Stocks Ever Recover?** + +Sentiment hasn't been so negative since the Financial Crisis of 2008, when the US literally had a financial near-death experience. This is a [great documentary](https://www.youtube.com/watch?v=QozGSS7QY_U) on what happened. And growth stocks seem to have crashed just as badly as during 2008, which is just insane! + +The POWcycles combined with (still incredible) overvaluation, earnings misses or weakening guidance (which leads to devastating earnings crashes), supply chain constraints from lockdowns in China that affect factories and shipping, and—let's not forget—the war against Ukraine and the huge surge in energy prices, plus the fact that the viral pandemic isn't over yet, the inversion of the yield curve (which has for the past decades reliably signaled the coming of a recession within eighteen months), the financial press writing increasingly scary stories, and tremendous panic-selling has caused growth stocks to crash from their all-time highs in Feb 2021 to, often, their all-time lows today. + +*Everyone* is scared. + +Studying macroeconomics in college never prepared anyone for what to do in a crisis with so many unknowns, where so many of us feel like prisoners of our houses or apartments because of the virus, which is still out there. Everyone is stressed, and that stress is getting a lot worse as 22-year-old former millionaires are now back to being thousandaires. + +If you're in your twenties, your life isn't ruined. You have a long lifetime ahead, and you're learning. This will prove invaluable in the future. If you're older, even much (much) older, there's good news, too: if you can "just" hang on for two or three years, and **not sell**, many of the (best of the) growth stocks that you own will rocket up again. It may be hard to believe now, and three years sounds like 3,000, but if you look at history, we've seen this happen again and again. Have faith. While it's true that some stocks will never recover, don't talk yourself into panic-selling. Wait patiently. Give these stocks a chance. + +Study market cycles. We're entering a scary phase. There's no doubt about that. But we will eventually exit it, and the ride up is going to last a lot longer, and give us many, many opportunities to make a great deal of money. + +**How Can You Say That When It Took Many, Many Years For SPY to Reach The Same Level It Had at the Peak of the Dot Com Bubble in 2000?** + +The chances are that you didn't buy everything at the peak. And even if you did, as long as you've got capital (you'll be able to keep making more from a job), even after a crash, when we know that the market is on solid ground and not going to suddenly open a trap door beneath our feet and swallow us like it's doing now, you're going to be able to make money again from investing, swing trading shares, and those incredibly lucrative options plays. And if you don't know options, and could stand to learn how to swing trade, for that matter, now's a good time to study, so that you can be prepared for when the time is right. + +Yes, it took years and years for SPY to regain its high. But we don't need to wait for the market to regain a high after crashing in order to make a ton of money again, and regain and exceed **our own** portfolio's high! That's the good news, and if you want me to, I'll keep writing these messages and explain how to prepare. + +**I Really Doubt Most of These Stocks I Own Will Ever Recover!** + +A stock that crashes from $50.00/share to $5.00/share has lost 90.00% of its value. To go from $5.00/share back to $50.00/share would be a gain of 900%! Just keep in mind that when a stock is trading at such a low price, it's really easy for it to go from $5.00/share to $10.00/share, a 100% gain. It's much harder for an already expensive stock to gain 100%. So, going from $5.00/share to $50.00/share isn't as crazy as the 900% makes it sound. + +I'm worried that a lot of people will misinterpret this and think that their stocks really never will recover. As hard as it is to believe, it really is possible. Just be patient. If you've picked promising companies, there's a good chance that the future will be bright, if you're patient and take a multi-year view. That's how real wealth is built. Besides, even a single massive winner can more than eliminate any losses or underperformance from the losers. + +**I Am Freaking Depressed (and Super Stressed)!** + +I know. We *all* are. + +So here's some advice. Just like the rest of us, you're only human. Life is full of reversals, and they're not all negative. The lows can feel really low, but the highs can be really high. Be patient. Things *will* break to the upside—way up! I know you don't believe that now. *No one* does. But it really is true. Life is a battle of faith against fear. You're the hero of your own life, and you're absolutely up to the task. + +*Be that hero!* + +The adversity that we're going through will make us wiser and stronger. We need to learn from it so that we can take advantage of future opportunities. + +When you look at your portfolio, forget about the red. Give yourself permission and say to yourself: "I'm going to start from where I am." Let go of the past. You really are going to do well in the future. Don't give in to negativity. Faith—not blind faith, but belief grounded in trust that arises from historical research and data—has never been more important than in times like this. + +Don't try to fight battles against depression, anxiety, and all the rest of the storms that affect our emotional lives on your own. Just being able to share how you feel with others in a similar boat is a big help sometimes. Having someone else's perspective can also help. + +**Okay. So, What's The Endgame for the POWcycles?** + +That's the zillion-dollar question. + +How low will the POWcycles push share prices down? How long will it take for the market to form a base again? How quickly will it move up? + +Every single one of us wants a massive rally on Monday, and every other day, for the next twenty years or so, and preferably for an entire lifetime. But the market cycle is bearish, so we need to learn to adapt what we do. The elite traders are mostly sitting in cash and waiting. You can (and should) follow them on Twitter and rely on them to tell us when the coast looks like it's clear. They know better than anyone. The most elite among them is Mark Minervini. (He also wrote some books that you should read.) + +History may not repeat itself exactly, but it does echo. To me, it seems that 2008 was a lot worse than what we're seeing now. There were many suicides. I personally saw people who were about to retire from a company forced to cancel their retirement for *years*. It was a devastating time. + +I don't know how much lower the growth stocks will drop, but I do know that they're the most vulnerable to inflation, and hence to the POWcycles. It's true that nothing is truly safe when it's insanely overvalued, revenue is declining or growth is slowing, and expenses are rising quickly (due to inflation). It's not just NVTA, SE, SNOW, and an extremely long list of other growth stocks that crashed so hard, but FB and NFLX, too. What you get with FB and NFLX is greater safety. They're not going to go bankrupt, and they'll probably recover to their all-time highs in time. The unproven growth stocks are risky, but so were FB and NFLX way back in the day. + +Investing and trading are only possible by faith. But just because no one can know the future doesn't mean that we can't learn to make very strong bets. + +What does history tell us about how the POWcycles will end? + +A 30% drop in the Russell 2000 growth stocks (have a look at the ETF called IWO) that lasts six months is typical, but the combination of macroeconomic conditions that we're going through right now is unique. My own guess is that this will last for a while and involve a recession. We're about six months in, and my best guess is that we've got about two more years to go, so I think the market will be on solid ground again sometime in Q2 2024. (I don't know how much it might decline by then, or whether there could even be a full-blown crash.) This doesn't mean that IWO will retake its all-time high, only that it won't open a trap door underneath us, but be stable and give us a foundation that we can build on. + +**What!? 2024!? I Can't Wait That Long!** + +I know how you feel. We have finite lives. Unfortunately, we can't speed up the stock market machine. (It's just how stock market machines work.) + +Remember: I could be wrong. Lots of people think that the market (SPY) will rally strongly and make a new all-time high in H2 2022. While I'm only guessing, I'm trying to be as realistic as I can so that I don't create expectations about what's possible that the stock market can't deliver. I hope that it does better than my guess, but it really is anyone's guess. + +I don't think that things will move very quickly because the money supply is huge, and until it drops substantially, or our GDP grows into it, it'll continue to cause inflation to persist and will create a drag on stock market returns. + +**What's the Deal With Inflation, the Fed, and a Recession?** + +When The JPow raises interest rates, because borrowing money becomes more expensive for companies, they tend to spend less. Consumers save more and spend less. Corporate profits drop. Share prices drop. (Look at AMZN.) If this goes too far, it causes economic activity to contract, and two consecutive quarters of negative GDP growth constitute a recession. + +When he says that he's aiming for a soft landing, he's hoping to raise interest rates by just the right amount to tame inflation but prevent a recession. Recessions not only lead to reduced corporate spending. They lead to job losses and unemployment. The worst-case scenario would be high inflation and high unemployment (stagflation). The JPow is between a rock and a hard place. If he does too little, inflation will burn up our buying power. If he does too much, we might lose our jobs! (This is why people hate the Fed.) + +**It Sounds Like Things Are Going to Get Even Worse!** + +It looks that way, but for all we know, there could be a diplomatic ending to the war against Ukraine and the market could rally powerfully next month. + +Try to separate things that you know that you can't control from those that you can. Notice how your mind tends to obsess over things that it can't change, and try to refocus it and remind yourself that your time is way too valuable to let your brain go into an infinite loop of worry about something that will resolve itself without your help (or worrying!). Go for a hike in nature. Often. If you play chess, hit me up and let's play on [lichess.org](https://lichess.org). + +Whenever you worry about something that you can't change, you pay a debt that you don't owe. + +Keep your money (and sanity), instead. Things really will be okay. + +**Why Did You Write All of These Messages?** + +I've been where you are. I get it. I worked hard to get an MBA and a few other degrees. I lived through the lockdowns, panic, insanity, market crash, mania, and depression of 2020-present. And I watched a huge number of YouTubers peddling courses and promising day trading success, pumping various memetic stocks, and teaching various trading methods that we all know don't work. + +Please: Keep your hard-earned money. + +Here's what I've learned over the years and decades. + +* Building real wealth takes a few decades. Sure, a few TSLA boy-millionaires got lucky and won the equivalent of a lottery. How often do you hear about the others who lost their shirt? +* In strongly bullish conditions, you can make a killing with options trading if you study a lot and really learn how to protect yourself against risk. +* You can also make a lot of money with swing trading, but only in supportive market conditions, and even then, it's not as easy as it looks. +* Yes, you can trade full-time for a living, but you need enough capital to do it, as well as supportive market conditions. We'll have those again, but if I'm right, probably not for a couple of years. And when you make a killing, save $100k or $200k for when the bad times come, which they unfortunately (eventually) will. Hopefully we'll have a good ten-year run again. +* Read up on market cycles, and what you should and shouldn't do in any particular cycle. +* Institutions have so much data about us retail traders that it would take your breath away to see it. That's how they manage to trick us so easily. +* We can turn the odds against them, but that game isn't about drawing colored lines on a chart. It's about econometrics and descriptive and time series statistics. +* Yes, there are a rare few day traders with a freakish ability to make money (in the right market conditions), but the rest of us need ways of doing better than QQQ over the long haul that ordinary humans can actually pull off! +* Most importantly, yes, we *can* do better than QQQ over the long haul, but, wow. The learning curve is steep, it requires (a lot of) custom software development, and it's more than a full-time job. (It's also a lot of fun if you love investing and trading—or simply the art of financial warfare. :) ) + +**Conclusion:** + +If any of what I've said is helpful, and you'd like to hang out with our small learning community, be part of a supportive environment, get better together, and help one another, feel free to direct message me and I can send you a link. + +We read. We talk. We make new friends. We watch videos and do research (form 10-Q and 10-K and all that jazz). We design and call out investments and trades. I try to remember what I was supposed to have learned when I was getting my MBA and help others to flatten their learning curve. + +We don't sell anything. We don't cost anything. We just work together to help one another and have fun along the way. + +Always remember: In the end, the only thing that matters is how you do versus QQQ. Year after year. Decade after decade. If you do well, the ultimate reward is a lot more important than mere money: + +*Freedom*, + +Artem +After several years, I'm planning on moving on from my current firm. The opportunity that I'm facing is that, should I leave, I'll forfeit a significant amount of stock that hasn't yet vested. This is a consideration as I look for what's next - but how did you handle this? Ask my next company to give me a payout, equity, etc? Thanks in advance. +I'm relatively new to this subreddit, but I've been taken aback by the number of posts & comments expressing the view that the CPI is mismeasuring inflation. Is this like... a standard belief here? +I was looking at land for sale and noticed some marina berths advertised around $17k. +I got curious and looked into what their rent prices were and noticed some around $100 p/w. + + +Supposing I was to buy a couple and rent them out for a little passive income, would there be any maintenance costs or other costs I would need to pay the marina? I couldn't really find much online +Hoping someone with more experience with boats and marina life could offer more insight +Took the plunge and went to my first auction today - mainly out of neighbourhood curiousity. No bids other than a vendor's bid at $2.5m, which I found quite interesting because a "complete gut job" around the corner went for $2.35m two weeks ago (there was little that needed to be [or could be] done to this place). + +So /r/AusFinance, what do you think: Are buyers looking for "fixer-uppers"? Is it worth leaving something to do in order to attract buyers that might be thinking they're getting a bargain? + +[https://blog.google/products/android/introducing-privacy-sandbox-android/](https://blog.google/products/android/introducing-privacy-sandbox-android/) + +Summary: + +* It's a response to Apple's IDFA change that screwed FB +* Google had to do something because it doesn't want to look bad and Apple has been touting its change as a user privacy benefit +* Google's change is less drastic than Apple's, which was announced without giving any developers notice, and without any options +* Google will focus on limiting the granularity of the user's data available to ads and aggregate more data instead of showing user level data +* Advertisers will still have data, just less of it, and in more aggregated form instead of individual +* For example, Google itself will now scan the user's app usage patterns and create an interests profile of the user. An interest could be stocks or pizza. Then Google will share these interests with advertisers. This means Google now controls that data, instead of a company like Facebook that collected this data themselves. This gives a ton of power to Google. +* Google's change will roll out in 2 years +* It's more advertiser-friendly than what Apple did +* But it's still a net negative to ad companies like FB, Snap, etc over what is there today + +One very important thing to note is that Google learned from Apple's change that without cross-platform tracking, advertisers bought more search ads instead because the user's intent was more direct. This led to more business for Google. I [highlighted it here](https://www.reddit.com/r/stocks/comments/sjkieh/why_fb_is_investing_so_heavily_into_vr_if_it_isnt/) why Google was salivating at the thought of doing this on Android too, in order to drive more ad business to its search and weaken Facebook. + +Facebook has been renting the penthouse in the Apple Condo building and the Google Condo building. It was a good life. But now the owners of the buildings, Apple and Google, want to take the penthouses back. + +**Quick overview of how Apple and Google screwed FB:** + +Each user has a unique ID on iOS and one on Android. For example, mine might be 696969. + +Many apps use Facebook's ad services. In order to use FB's service, they have to add some Facebook code to their app to track conversions. For example, if I saw an ad for Robinhood on Instagram, I go download the app, I open the app, the little Facebook code on Robinhood will send a message to Zuckerberg HQ that user 696969 has downloaded the app. This allowed advertisers to know how effective each Facebook ad was. Now advertisers have no clue. + +It just so happens that this tiny piece of Facebook code will also know that user 696969 opened this app at 7:02 am. And a finance app at 9:00am. A game at 10am. And so on. Facebook stores this data and starts building a profile of me, even outside of FB, Instagram, and Whatsapp. + +Besides ads on IG, FB, and Whatsapp, Facebook also had the Audience Network. If I made a free app, I could show ads from Facebook and split the revenue with Facebook. Previously, Facebook knew exactly who you were even on 3rd party apps because my ID 696969 was still visible. This allowed Facebook to continue to show relevant ads to users. Not anymore. + +On iOS, FB has no real way of knowing who is who anymore because it doesn't see 696969 anymore. FB is left on its own. Well played, Apple. + +On Android, FB won't see who 696969 is anymore, but FB can request a profile, such as interests, of this anonymous user. But it's now Google that is the one creating a profile of me, and then sharing it anonymously with Facebook. It's a power move by Google. Google is saying to FB, "you eat what I give you son". Well played, Google. + +&#x200B; +Just purchased a new Mazda 3 through a novated lease. I feel really uncomfortable that I couldn’t pay for anything upfront! + +Our last car cost around $7k four years ago but sadly has ABS problems that will cost $7k to fix, hence the new car. + +Has anyone else ever felt uncomfortable spending / borrowing so much for a car? Part of what sold me on the new vehicle is safety concerns, and the new Mazda definitely makes me feel better there but definitely feel uncomfortable owing money! + +Also - I can’t get my head around novated leasing lol. + +Edit: While I appreciate everyone providing helpful advice on the novated lease and things to double check, I am not seeking people criticising me for being honest that I don’t quite understand it. I have researched the novated lease but I am concerned that most information available seems to be either from novated lease companies or personal loan companies. On top of that there are a lot of variables which muddy the water. However, this post was more about buying a car than the method used. +Took a $6,000 @18% variable personal loan via commanwealth bank to help pay for my first car about 18 months ago. + +Made it over 7 years so my weekly repayments would be quiet small ($34 pw). My initial plan was so smash it out in 12 months but obviously that didnt happen. + +At the time I didn't realise the ride they were taking me on, I was a negligent 18yo. Anyway I'm now 20 and decided to look into my loan. + +I've paid off $2,000 and additionally paid approximately $1500 in interest and other fees, so I still owe about $4,000. Its fucked up, the interest is killing me. + +I'm a little uneducated in finance so I was wandering, do I have any other options to potentially lower my interest rates? + +TLDR; dumb 18yo took personal loan @18%, being smashed by interest. What can I do to lower this? + +PS; They offered me upto $50,000 @18%. Feel horrible for any youngin who falls for this trap. + +Thanks guys. + +Edit: wow, wasnt expecting this much feedback. Really appreciate it 👍 +I've always been a pretty good saver and am getting close to a 20% deposit on a small apartment, but my actual income isn't huge (65k before tax) and I don't have a partner (nor want one). Also looking in Sydney metro for lifestyle reasons to live in, not really interested in investment properties. + + +I know I probably can't afford mortgage repayments comfortably (or strata fees etc) but do I really have to wait until I earn 6 figures? Or can I just save up an even bigger nest egg on my current income for a few years to have a buffer? + + +When applying for the loan would it be weighted mostly towards my salary and being able to repay that way, or could having 50-100k in savings (in addition to the deposit) help at all if I save another few years? +I'm still fairly early in my career progression in a low paying field so within the decade I'll probably only get to about 80k salary anyway. Maybe in another 30 years I could get to 150k or so but I'd rather not wait that long. + +Also does anyone do lower repayment rates for higher deposits? Like if I save up a 30% or 40% deposit will my monthly repayments be any lower? +Everyone gets over-questionable when a stranger offers help; it's as if we want to see someone else's money to know they are legit. + +At the same time, the people who demand to see proof of profit don't actually want to learn how to trade forex, they want to copy and paste trades from some "guru"-like figure. + +Those who are so concerned over the validity of help are the same people who scavenge the internet for buy/sell stop loss/take profit trading rooms. None of that is actually learning how to trade forex. + +Nobody here will learn how to trade forex if they don't risk their own money and learn their lessons. Even more so when you want to see someone else's success then try to copy their formula exactly. + +Most inevitably hipocrites and incredibly lazy, ask to see proof of profit so they can have hopes of making mkney without learning anything. + +Stay lazy and stay at your net worth. + +EDIT: didn't mean to come off so harsh in the text post. main moral here is you will have to work harder than you are currently capable of, starting with finding the motivation to work harder without shortcuts in the first place. +[Here](https://docs.google.com/spreadsheets/d/1dEWx39brfdtUfOAMO7vvTWrdHkVvp0FlEfHlXnUF3tI/edit?usp=sharing) you can find the trading journal where I've logged all the trades taken so far in my account, which at this point is around a month old. It is very barebones because I've been lazy about it - I'll make the spreadsheet look better and add more information once I get a larger sample size. If you look at my [5ers account metrix](https://imgur.com/UfABHKU) you will see a minor discrepancy caused by the fact that I have taken a GBPUSD trade that won, but I messed up the position sizing so I only got a couple of dollars of profit. I felt it wasn't fair to the system to not track this trade as a full trade for the sake of performance analysis. + +##Summary + +On a starting balance of 25,000$, I have made a net profit of 800.62$, equal to 3.20% returns while risking 0.50% of my account per trade and using a fixed 1.20:1 reward to risk ratio. I have taken 17 trades in total. My longest losing streak was 4 trades, which falls into the range of expected losing sequences. + +##Risk + +Let's look at what would have happened if I risked different amounts. + +* 0.25% = 1.59% ROI +* 0.50% = 3.20% ROI +* 0.75% = 4.82% ROI +* 1.00% = 6.46% ROI +* 1.25% = 8.11% ROI +* 1.50% = 9.77% ROI +* 1.75% = 11.44% ROI +* 2.00% = 13.13% ROI + +##Excursion + +On average, my winning positions went to hit a favorable excursion of 2.39R before making a significant retracement. This means that, on average, with a 1.20:1 RR, I am missing out on 50% potential additional profit. + +The minimum excursion was 1.70R, meaning that I could have targeted 1.70R and not lose any additional trades. [This](https://imgur.com/vd1DNUV) is how my performance would look like if I targeted 1.70R instead of 1.20R, with a 0.50% risk per trade. This is a very significant increase. + +#Sample size is tiny. I will not make any changes until I get more trades. + +That being said, I will keep an eye out for whether or not the favorable excursion holds with a larger sample size. If that happens, I will definetely increase my targets. + +This wasn't the most in depth analysis, I know, I'm still working on the spreadsheet. I will try to make this a weekly or biweekly thing, so you can expect better performance analysis as we move forward. Let me know if there is a specific metric you'd like me to track. + + Hey, my name is Abdul and I’ve been trading on and off for 5 years. I started right after I got out of boot camp for the Marine Corps because my girlfriend at the time wanted to become a stripper LOL. Isn’t that crazy? But I fell in love with it. When I made my first $250 in an hour, I thought that this was my ticket to freedom. From then on, I studied religiously only having time for my military duties and studying. No matter how much I studied, the psychology of the market controlled me. I over-leveraged, used big lot sizes, had no real plan or strategy, never sat down and wrote more than 3 trades on paper. Anything that required discipline, I failed at. Five years later and almost 50k lost between crypto and forex, I’m so frustrated with myself. + +I feel like I’ve been lazy, half assing every so called “effort”, all this time that I wasted because I refused to slow down. I’m tired of my greed, impulsivity, and lack of discipline. There’s a voice in my head that tries to protect me from my impulsivity but I never fucking listen. After I lost 35k in the recent crypto crash, I thought I would be different. Last night, I blew half my account. That’s the catalyst for this emotional post, I’m tearing up typing it. + +I feel like I’m a lost cause, 22 years old and unable to learn new tricks. For 5 years, I’ve done it all wrong and I want to begin again, the right way but it seems so overwhelming. + +I need some advice and guidance, I feel so close to tears. I won’t give up but the thought of continuing the same way shakes me. + +Thank you for your time +Hey everyone, welcome to the first of a (potential) series of threads about price action related topics. This week, we're going to talk about support and resistance (S/R). + +S/R is without a doubt the 'bread and butter' of most price action traders. If you're not familiar with the concept of S/R (or are in need of a quick refresher), [check out this babypips lesson.](http://www.babypips.com/school/elementary/support-and-resistance-levels/support-and-resistance.html) + +I just want to make it clear that I'm not here to teach, I'm just here to contribute to discussions and share information. If all you PA minded people get involved, these threads will be a goldmine. If not, I'll stop wasting my time. + +--- + +## I've got a couple of basic discussion points for you: + +* What's your method of plotting S/R? + +* How do you distinguish between minor and major S/R, and do you use/treat them differently? + +* How far back do you scroll your chart when plotting S/R? + +* Do you have any links to good S/R related articles, videos or threads? + +It'd also be great if you could post a random chart of yours with S/R levels plotted, the more visual representations of S/R we have, the better. + +--- + +### This thread is for anything S/R related, so feel free to: + +* Ask questions + +* Share some good S/R related articles, videos, threads and/or information + +* Post some charts - you can get some feedback on your S/R plotting skills + +--- + +**This thread is not for discussions/arguments that don't involve S/R.** And for god's sake, if you like what someone has gone to the effort of typing up, the least you can do is give them an upvote. + + + +I have around 1k on my account, and I have been trading with 50% of it, which means every trade I use 500 dollars. I was wondering what % of your capital you guys use? + +Hello, new here and looking to start has anyone here actually been able to be successful and give me a quick story of why they started and how + +Thanks +I have a question about paying off a credit card in full every month. I'm looking to do this so that I don't miss any payments, and have a direct debit set-up to pay it off in full every month. However, what I've noticed is that often, if I spend let's say £1000 in a month, there will be a direct debit for say £811. Then what happens to the other \~£190? Do I have to make a separate payment for that (and would I get charged APR on this extra amount that wasn't debited)? + +Currently what I've been doing is, when I notice the balance is \~£1000 but I have a direct debit for an incomplete amount, I make a separate one-off payment to make the balance £0 again. Because it then takes a few days for the direct debit and the one-off payment to come out, I don't use my card for this period until I physically see the balance say 0. It seems a little inefficient though because I then have to go back to using my debit card during this period. + +Am I using the card correctly or being pedantic? +It's my understanding that European banks are being hammered in part because of the institution of negative interest rates. However, banks borrow short term and lend long term, and make money on the spread, so why aren't negative short-term interest rates great news for the banks? +Hi everyone. I have what I feel is a pretty average salary and situation (for this subreddit), so I wanted to share what my first (semi-successful) year forward was like. Maybe it can help someone get motivated, or maybe there are some things in here that will assist further those already on their way. I began getting interested in FIRE a couple years back, and it wasn't until 2019 that I started taking things seriously and actually working towards some goals. I was living in a VHCOL region that made it almost impossible to save anything on my salary, though rampant consumption and lack of direction also contributed to failure in that area. Around May 2019 I spoke with my employer about transitioning into a remote only role and, after a couple of months of back and forth they finally agreed. This was the first serious step I took towards FIRE. In November that year, I relocated to a VLCOL area in the Midwest. My salary was reduced 15%, bringing it to about 78k/yr, however, by my calculations at the time the savings rate by moving far exceeded 15%. The only additional expense in moving was that of a vehicle; as in, one was now necessary for day to day life. + +Bullet Points for the above period of time: + +\- Relocated from VHCOL area to VLCOL area + +\- Salary was reduced 15% to 78k (70k base w/ some bonuses through the year) + +\- In Dec 2020, I purchased a small SF home for under 70k that needed no work (FHA Loan, 3.375% 30 year). Total out of pocket was around 6k and my mortgage payments, w/ pmi, escrow, etc are 450/month. It is a 2br/1ba 730sq house with a small yard and driveway. +