diff --git "a/reddit_finance_43_250k_364.txt" "b/reddit_finance_43_250k_364.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_364.txt" @@ -0,0 +1,10000 @@ + +This data indicates last week's option flow. You can purely see what was done in terms of options last week. + +* We can see a spike in volume for $300 calls all mostly short expiry dated. Indicates the likeliness of retail and less likely to be big money. +* We can see that puts still prefer those 2022 January and 2023 January dates. Very sus. Indicates someone with big money and not retail. +* OTM put options purchased at $20-50 ranges. At least they didn't go for the super OTM $0.5 to 5$ range they usually do. +* Some decent put purchases at the $230 range. + +I have another chart/analytic that shows me the Max Pain based on a few or all days of the last week. I've seen that if i adjust the max pain analytic to only use 1-2-3 days of the week that the Max Pain point moves almost exactly as GME's price. Last week's Max Pain was fluctuating between $250 - $290 with the majority of the time being at the $290 range. + +Current full week data still indicate that Max Pain is at $290. If this IS true, then it means the $250 dump is 100% artificial and done via ETFs or something else we're not aware of and that it will recover to $290 and likely more due to the momentum from $250 to $290. My educated guess is that we're going to see $317 tomorrow 6/8/2021 and that's just the start as the option tug of war is lost by the other side. +1. What is the procedure in general to get started, what all would be required? + +2. How are two ETFs different as both follow the same underlying index? eg. how is SBI NIFTY50 ETF better than say (i dont know if it exists but for an example) IDBI NIFTY 50 ETF?? + +3. I heard one would need mutual fund account with a demat account to invest in ETF. If investing in ETF is in essence buying the corresponding stock on stock market then wouldnt it be better to just buy the stocks directly from discounted broker like Zerodha. + +Please help, I believe there are many such young adults like me who are very ignorant of these things. + +Also what would be your pick for an ETF and any reasons for the same. +Wealth advisers and mutual fund industry officials estimate that investors could end up taking a 20-30 per cent hit on what they have earned so far as Franklin’s recovery from issuers could be hindered due to declining health of companies on account of the lockdown-induced downturn and lower appetite in the market for riskier papers. + +“Investors could end up taking as much as a 20-25 per cent haircut on their investments in Franklin’s six debt schemes,” said Harshvardhan Roongta, chief financial planner, Roongta Securities. “Once Covid-19 is over, many of these lower-end unrated companies could find it tough to service their loans.” + +https://economictimes.indiatimes.com/mf/analysis/investors-in-franklins-wound-up-debt-funds-could-face-a-big-hit/articleshow/75666572.cms?from=mdr +Hello, + +I'm a 24-year-old from Gold Coast, Australia + +A few years ago I had a horrible accident that I don't like to talk about but it has left me bedridden. I can walk again now but doing any hard activities even sitting at a desk can hurt . I want to work, I'm getting bored of doing nothing. + +I have a passion for IT, I have done many certificates and am starting further study online for IT and Digital Media which should be fun. I can't code but I can use the adobe suite perfectly. These are just a few of my talents. + +I was wondering if any fellow Australians would know anyone or anyway to make a living doing my dream job from home. + +Thanks reddit <3 All suggestions welcome +Hi everyone, + +As a foreigner, I just can't wrap my head around the cost of stamp duty ( can go up to >60k for over 1 million house in Victoria) and a 20% deposit. Even if the deposit is 300k, which can take an awful long time to save up. How can people pay for interest+principal of 1.2 million or more in mortgage monthly? +What happen when you have kids and only 1 person work? + +Is there a formula that I'm missing? +I'm on an average income and single. If I can save 30% of my salary, it will take me at least 7,8 years to save up 100k. By then the house price will go up again. + +I swear I feel like everyone knows how to do it except me. + +Edit: so far I learn that, you can make it by having inheritance from parents/grandparents. My parents luckily can support on their own and their house only worth 50k ( not in Australia obviously). + +Option 2: start with a cheaper house. I'm 28y.o single with my furry son, salary is 100k no hecs = $5700/m. + +I'm lucky if I can save 2k a month. Will take me 50 months for 100k deposit + stamp duty. + +Option 3: find a partner with 6 firgure income.... surely this is easy right? 😑 +Ok so a little background before we get into this: + +currently 24 and married + +income: 5050/ Mo after tax, retirement contributions and, health insurance/dental + +monthly expenses (if we are being reckless): 2900/MO including rent, utilities, going out to eat, buying random things we like act. + +current NW is approx. 77,000 spread out as: + +Roth: 21,000 (small cap us fund) (maxed contributions already) + +Traditional 401k: 6,700 (S&P 500) + +Cash beyond emergency fund: 51,000 + +No Debt + +Own both our vehicles + +I am currently renting an apartment but looking to buy a house with my wife within the next year and a half approx. (which is what the 51k in cash is earmarked for). I am interested in letting the 51k nest egg work for us until it comes time to make a downpayment and am looking at PFF iShares. It is currently paying monthly dividends at .15 cents/share with the current market price of 38.73 ish. If I pulled 51k from savings and bought 1300 shares this would net me 195/Mo in dividend payments not including drip. I know this isn't much but my 51k is currently making me 9 dollars a month sitting in savings. Is this a horrible idea or am I missing something? + +thankyou r/dividends family +Good evening, as the title has stated I am selling my primary residence for a 4x gain in 7 years. This will earn me roughly 680,000 before fees. I have done research on the tax implications and If I don't want to get hit with a hefty tax bill (I'm single so 250k limit) I will have to 1031 exchange or buy a private plane used solely for business (lol) + +Is there anything I'm missing? Maybe some of you have more creative ways? I don't want to 1031 exchange because I don't want to purchase another property right away and If I did it would not be "like kind" + +EDIT:I forgot to add I rent my primary residence for 5 months/year during high season +I’m considering selling my house to take advantage of the strong sellers market.... but of course then I need to buy a new house :/ As a homeowner how can I make the most of the housing market right now? +Just recently I picked up the BRRRR book and have been reading it quite thoroughly. + +I find myself really questioning some of the statements that are made in it. The entire premise is that you leverage to thE max and pull out all of your principal in hopes of the refinancing coming in strong. + +So I understand that it’s “free equity” earned through rehabs. My issue is when there is a recession many people can say is the direction we’re heading towards in the next 5 years. You obviously want to be able to support your purchases but you also want to have renters paying off your mortgage. + +The problem for me is the scaling of this can be difficult to keep everything afloat during recessions. I don’t know if I really have a question but it’s more of looking for real life scenarios from people who have used this method. +We are almost end of the year. What are your thoughts on how the real estate market will play out? Of course, it could go either way and no one knows. This is hugely location dependent as well - what you see in LA might not work out for Atlanta. But we can still make an educated guess for your location based on something - data, trends you are seeing locally, boots on the ground etc. + +My take is we won't be seeing the astronomical rise like the last year but with everyone still trying to make use of the low rates and with increased awareness and desire for home ownership, I still expect an increase in most markets, somewhere in the upper single digit %. I don't expected any fall in price any time sooner. Having said that, if I find a deal that is good and works out, always ready to buy. +Hello, I'm an XX HODLER from some point previous to today's date. I deleted other forms of social media from my phone and this is pretty much all I have left. It's the weekend so there's not as much DD to read. So I just wanted to double check. MOASS is still tomorrow right? If not, there's always the next day. Just double checking that it could be tomorrow? + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Edit: Holy crap this blew up more than I was expecting lol, thank you for the awards! This is the best community! +Burner account, burning question for FatFIRE. + +Let's say you've worked really hard, earned really well, and invested even better. And you find yourself having built up a mind-blowingly healthy net-worth (combined investments and real estate) in the low $20MM range. + +You are blessed. You are fortunate. You are a sub-1-percenter. You are, by almost any standard, *extremely* well off. + +But you are also years away from your target retirement age, and still like to work. + +However, in speaking with an estate planner, one thing gives you serious pause... + +The planner clarifies for that, given current Federal and State estate tax rates (which one can safely project will not go down, and almost certainly up), *roughly 50% of any assets in your estate beyond the current exemption for a married couple* ($23.4MM, or $11.7 MM per spouse) *will go to Uncle Sam.* + +So if you were blessed/fortunate/lucky/smart enough to have, say, $10MM in assets *beyond* the current couple exemption of $23.4MM, 50% of that—$5MM—will go to the state when it's time for you and your spouse to check out of the life-hotel. Obviously, your estate and heirs will get the other 50%, or $5MM (in addition to their already substantial inheritance). + +But when you build this calculus into ongoing work and earnings today, it raises a very disincentivizing issue. + +If you and your spouse have that lucky number in your estate ($23.4MM) and either or both of you still want to work and have a reasonably high annual income(s)—let's say, $1MM—you will start by paying roughly 50% of that in federal, state and city income tax each year, leaving you $500K. But then when you add that $500K to your estate of $23.4 MM, it will be taxed ***again*** upon your passing, reducing that original $1MM in "income" to $250K in actual dollars. + +Or said another way, for any income you earn to add to your estate beyond $23.4 MM, you will in effect (and in hard, green actuality) be contributing 75% of those earnings to the government, and retaining just 25% for your estate/heirs. + +Do I have that right? You effectively keep only 25 cents on the dollar for income earned beyond $23.4MM, in terms of your ability to pass it along in your estate? + +If accurate, it begs the question why—other than habit, interest, passion or sport)—would one continue to work and try to build wealth if 75% of it is destined for the State? To be clear, I'm not asking to debate the fairness, rightness, or wrongness of estate taxes, or even their levels. I'm just trying to clarify the reality of what happens to actual earned income for couples who have already achieved the enviable estate threshold of $23.4MM. Thank you kindly for your thoughts. + +**TL;DR** Is the actual, effective tax rate for earnings by a couple who have a $23.4MM estate really 75%? In other words, 50% paid via current federal/state/local income taxes...PLUS another 50% estate tax on the remaining money as it is passed on to heirs? +Reading another thread and it got me thinking. + +I don’t really budget, per se. But, I guess I do have a natural understanding of my spending and I don’t have ridiculous tastes like a shopping addiction or getting table service at the club that would blow my income out the window. + +I used to track monthly spending for a bit, and I think it was more fun rather than necessity. But a lot of these budgeting apps are very finicky and assume everything happens on a monthly basis, so they end up in some ways just scolding for stuff you aren’t doing wrong. + +So, right now, I barely pay any attention at all to a budget and everything is hunky dory. Isn’t that supposed to be one of the benefits of being fatFIRE or on the path in the first place? I’d find it pretty annoying to be supposedly fatFIRE’d and yet sit there worrying about every bill that comes in. + +Wondering what you guys do. +This sub has been very conservative in deploying capital in real estate, especially in primary residence. In the past I’ve seen people referring to 10-20% of NW + +How possibly someone living in a VHCOL city can purchase a flat without exceeding those thresholds? + +Assume you live in London, in your 30s and have a NW of 2.5m GBP. You will NEVER EVER live in a flat of 500k, there’s simply no property like that. Most likely you will buy something in the range of 1.5-2m, put an equity of 300-500k. Your equity to NW can be 20-25% but the house can be worth easily 100% of NW + +Is there any other way to approach this in VHCOL? Alternative is renting but rents are now getting way out of control; the gap between interest expense and rent is quite significant if you compound it say next 5 years + +Thoughts welcome +Let's say I've got enough for a deposit on a property to get a mortgage and decide to rent it out to pay the mortgage off. Everything's going well until there's a major shock to the economy like a pandemic, a banking crash or some other reason my tenants can't pay and I can't get other tenants in to cover the mortgage. If I can't pay the mortgage myself, what happens then? I get that the mortgage lender can repossess the property but do I at least get my full deposit back? How does it work? What are the pitfalls if deciding to invest in a BTL property? +What will happen when we’ve pulled every financial trick out of our hat and just as things return to normal, this thing brings the world to a hault again... will there be another massive sell off? Will people not have bought back in yet? What do governments do then? What happened to all that debt no one can pay? Obviously no one knows, but discuss... +I was interested in the formulas and math behind social security today. It is kind of interesting, and totally subject to change, but understanding the system at a basic level can help you on your path to FIRE. + +**TL;DR**: There is a pretty significant advantage in hitting your qualification for SS benefits (40 credits). The next threshold to hit is the $895 AIME first bend cut off. The added value of working past that decreases substantially. + +A few things first + +* There are positive and negative scalars that adjust your monthly payout between ages 62 and 70, with the base being 67. All numbers below assume age 67 benefits. +* You need 40 credits to qualify for SS income. You can earn up to 4 credits per year worked, and each credit requires some amount of income. You need to make a little over $5000 per year to earn all four credits in a year in 2018. + +The motivation behind this study is to determine how valuable SS payments are. For example, if your SS gives you $1000 per month, we can use the 4% rule and determine that the SS payment is worth about $300,000. + +How is Social Security Calculated? + +* If you have less than 40 credits, you get nothing. +* If you have more than 40 credits, your AIME is calculated by taking your average monthly earnings from your 35 highest earning years, adding zeros if necessary. +* You run your AIME through a formula similar to a tax table: Take 90% of the first $895, then 32% of the next $4500 or so, and then 15% for everything after that. There is a cap somewhere I think. The sum of these numbers is your PIA, which is basically your payment per month if you begin withdrawals at age 67. +* If you begin withdrawals at age 62 you get only 70% (for the rest of your life), if you wait until 70 you get 124% (for the rest of your life) + +Great so that is how it works. Now lets see what each additional year of work really means for me (our example). + +This is my social security earnings table pulled from the social security website, rounded, and context added. + +Year| Taxable Income | Credits | Job +---|---|---- | ----- +2012| $5000| 4 | Cashier +2013| $0| 0 | College +2014| $15000| 4 | Internship +2015| $31000| 4 | Programmer +2016| $72000| 4 | Programmer +2017| $83000| 4 | Programmer + +So right now I am sitting at 20 credits, I am not eligible for social security. If I was eligible today, my AIME would be $489 per month, and the payout would be 90% of that, yielding $440 per month. This is worth about $132,000 using the 4% rule. Assuming of course I waited until age 67. + +This chart shows the value at different age brackets: https://i.imgur.com/L4VUKea.png + +Ok, so that is pretty substantial. With two years of working in a post college job, and some work done before I've "saved" $132,000 more *retirement dollars* than I actually thought. Wait, not really. I am not qualified for that money, so it technically doesn't exist unless I work until I hit 40 credits. + +So if I work until I get 40 credits, it will take me (20/4) = 5 more years, or until I hit $5000 earned income in 2022 (adjusting for inflation as needed). + +What will my retirement benefits be worth then when I qualify for them, assuming I make the same wage as 2017? + +Year|Extra Years|Monthly Payout|Value @ Age 67|Qualified|Value Add| +--:|--:|--:|--:|:-:|--:| +2018|0|$440.00|$132,000.00|FALSE|$59,400.00| +2019|1|$617.00|$185,100.00|FALSE|$59,400.00| +2020|2|$794.00|$238,200.00|FALSE|$59,400.00| +2021|3|$864.00|$259,200.00|FALSE|$59,400.00| +2022|4|$927.00|$278,100.00|FALSE|$59,400.00| +2023|5|$990.00|$297,000.00|TRUE|$18,900.00​| + + +When I finally qualify in the middle of 2022, i'll be eligible for $930 in monthly payments, or $280,000 in SS equivalent wealth. The key significant part of this though is that, my value added to my SS benefits allocation is actually $59,400 per year! + +**How is this possible?** + +Because the final value at 40 credits is nearly $300,000 and I won't be eligible at all unless I hit 40 credits. So each year between now and 40 credits are worth an even share of the value. Theoretically in my last year, working that year will be worth all $300,000. The math is simple: if I work that year I'll have $300,000 worth of retirement income, if I don't I'll have nothing. + +**Takeaway Number 1: Be sure you qualify for SS if possible. The savings are significant** + +If you retire before you hit 40 credits, adding small part time work to get the credits needed, could be worth significantly more than your check from the actual job. + +So what about after that? How much is each year worth once you've already qualified? + +The system drops off quickly once you meet two thresholds, the $895 AIME cutoff (I hit this in my first 10 years), and the qualification cutoff. + +You retain 90% of your earned income average up to that $895 value. After that you retain only 32% of each dollar up to about $5400 per month, and 15% over that. + +For me personally, my value added drops to about $19,000 per year until I hit the upper threshold in around 2043, then it drops to about $9000 per year. + +So you might be thinking, $19,000 that is pretty good per year. I might work longer. But remember this isn't the same as savings in today's money. This is the "after growth" value. It is what you would theoretically have at age 67, removing all inflation. Lets see how much money we would need to invest in the S&P500 to get that same $19,000 for working one year. + +I'll be age 32 when I jump down to the $19,000 per year threshold. At that time I'll be 35 years away from retirement. + +My theoretical return on an investment, after inflation, would be (1.07)^35 = 10.68. + +So if we divide $19,000 by 10.68 we get our true equivalent savings rate: $1779 per year. Probably not enough to keep me in the work force. + +Applying this method to the SS value added in the first phase (qualifying) and we can see effective additional savings of $5,000 or more. + +**Takeaway Number 2: Social Security Benefits ramp down quickly after you qualify** + +That pretty much sums up what I know. Please share corrections, and other knowledge I've missed. + +Value Total By Year Worked: https://i.imgur.com/rbWsNXw.png + +Value Added Per Year: https://i.imgur.com/QnRymMW.png + +S&P500 Invested Equivalents Per Year To Match SS: https://i.imgur.com/aTwiIgA.png + +Sheet with some formulas, feel free to make a copy: https://docs.google.com/spreadsheets/d/1TxNpdIsOIuJO_4DtPj5_tuT04cLT4IKRKRl-y9ACFd0/edit?usp=sharing +I started Medical school in 2010. After a year and a half of studying 80 hours per week and getting 4 hours of sleep a night, I had a nervous breakdown. The result was me failing a few classes so I withdrew from the program (I was one failed class away from getting kicked out). I had racked up $75K in student loans during that time, my wife had also accumulated $15K at nursing school. We both started working full time at a clinic, each earning 10/hr. Even on both those jobs we were still going negative with our minimum loan payments. So, when we eventually were broke, we packed up and moved into my parents basement. The expenses all on credit cards. From when I started keeping track we paid 10K in interest (I didn't keep track at the start, so it is more). That all adds up to 100K. I described it at that time as "a suicidal amount of debt" Which is really how I felt. There were many dark days. I am now 30 years old btw. + +Here is the balance http://i.imgur.com/WMHmZc7.jpg + +Here is today's last payment http://imgur.com/2VQxxZ9 + +Here is my records of our payments. http://imgur.com/zHgXLqa I obviously didn't start keeping a log at the start, so I am missing all the minimum payments made before that date, which only covered the interest. This also doesn't show the credit card debt, which was about $2K-3K. There was also interest on the nursing debt, but I just estimated the payments there. so that also should be probably $500 in interest there. + +After trying to get some odd jobs, and applying for more grad school, I realized that if I were going to pay off these loans quickly I would have to start my own company. I was unable to find a job that would pay more than $10-$12/hr. (apparently biology degrees don't mean much, and 60 credits of med school don't mean much either). + +So I started a business while my wife was a nurse. Once the business started doing well, we lived on $2000 per month (rent, food, utilities, etc). If we made anything extra it went to the loans. I worked about 12 hours per day, 6 days a week during this time. Then this month we pooled all our money together and put off buying inventory so that we could just get rid of all the loans this month. So now all our accounts are depleted and so is our debt. + +I think I should start taking Saturdays off now :) + +I accidentally found Dave Ramsey. That was a big motivation for me. Does anyone know of similar style of show but for investing instead of getting out of debt? I think I need to start learning about that now. + +There were a couple big motivations for me that were a big help. I listen to them often. This video is a big one https://www.youtube.com/watch?v=5fsm-QbN9r8 + +Also this audio book has helped me set and reach goals. https://www.youtube.com/watch?v=Ruh-X8v9xyY + +I am only making this post because at the start, we were making about 12K per year, with 100K in debt and it really just seemed impossible. I thought my entire life was ruined. But through very hard work we are now able to finally start moving forward. I hope that if anyone reads this and is where I was mentally at that time, I want you to know that you can do it too. + +TLDR: left med school and accumulated about 100K in debt. Paid it off by living in our means and making extra payments. +Any post that asks for stock or company recommendations has the same basket of companies recommended: V, DIS, MSFT, WM, MA. + +Most users seem to be parroting what they have already seen here and I’m also guilty of this. I’m certain most users that are recommending these companies don’t even know why they are doing it, myself included. + +I just want to mention this to anyone reading so that you do your research before accepting random recommendations on Reddit. And to those who bought these stocks based on these recommendations, you should take a step back and re-evaluate. +Hello! + +I live with my long-time girlfriend in NYC. We rent a very large 1.5 bedroom apt for $1,750 per month. Our apt is the top floor of a 3 story brownstone, and the only other resident is the owner of the home/landlord who occupies the first 2 floors. We have lived in this apt for 5 years. Our initial rent was $1,450, so our rent increases have ranged from moderate to nothing. + +Our landlord is...strange. He keeps odd hours and works as a janitor at a public school somewhere in Brooklyn. He only accepts rent in cash via hand to hand transaction, and will often ask for the rent a week or two early. Once he asked for 2 months rent at once because he was in a bind. We often see notices on the house that his gas is in danger of being shut off if he doesn’t make an immediate payment, but it’s never actually been shut off. We don’t mind this too much really because we can afford it and in return we get to live in an apt that could easily be rented for $2,500 for $1,750. He also fixes any necessary repairs promptly and we generally only have contact with him when we are paying rent. He has been very good to us despite being a bit of an oddball. + +Tonight he approached me and said that he is very behind on his water bill and that he owes taxes to the IRS and needs money. He said that if I pay him $10,500 (6 months rent) up front, he will give us 6 months rent free. We would sign a yearly lease paid in full for the amount of $10,500. We know that he owns the house outright, and that he is the only owner. He is asking that we make the payment in May, not immediately. + +My girlfriend is an attorney for the city with an annual salary of 110k. Her job security is iron clad. I manage 2 restaurants and make 75k, I am in a very secure position but recognize that you never know what could happen. I also have a law degree and am eligible for bar admission in NY/NJ. We have 12k in checking/emergency and that’s it for liquid cash. + +Am I crazy for wanting to do this? I realize how nuts it sounds, but we would rebuild our savings in 6 months and then double it over the next 6. I know that something too good to be true usually is, but as long as everything is recorded properly, in what ways are we putting ourselves at risk? Thanks in advance. + +Edit: we have our own utilities, as in our own gas meter and water heater. +Hey all, I'm looking to transfer my RRSP from my Sunlife account to either WS Trade or Questrade (still undecided). My gains are below market and the mutual fund fees are roughly 2.5% which I want to lower because that's too high considering the ETFs available (XEQT ftw). I was wondering if anyone else has transferred from Sunlife or a place like that and how did it go? I'm assuming once I transfer funds, I'll need to close the account to stop my weekly contributions. + +Any tips and advice is very welcomed! Thank you. +So I just started investing and I'm really interested in US stocks, but I want to avoid all of the exchange fees that some brokers charge. Which broker should I go with? I want to start off with around $2000 and then potentially invest more when I can. + +I just opened a Questrade account, but I was told that Questrade's most useful if you're an active trader. I'd consider myself as more of a passive investor, as in I just want to buy some shares and hold on to it for a long time. With that in mind, should I stay with Questrade, or should I just use my current bank (CIBC)? + +EDIT: Hey all, thanks for the comments. From what I've read, I'm gonna go ahead with Questrade for now over CIBC. Questrade's commissions are a little higher ($4.95 - $9.95 / share) than CIBC's ($6.95 / share) but considering that CIBC charges for ETFs whereas Questrade doesn't, I'm gonna go with Questrade. Also, I looked into Interactive Brokers, but I saw that there are inactivity fees per month and I don't see myself trading often enough to cover those fees. +Just started lurking recently on here. +I am trying to help my father with investing. + +He currently sold a bunch of land and has 750000 and is not sure what to do with it. + +He does not have a TFSA. He doesn't have a HISA either. + +He has some money in RRSP, but he has ran his own business most of his life, so no employer contributions. + +He is also stubborn and hates bank people. + +He is 65, retired from farming, and wanting to make his money last as much as possible. What are your suggestions? +According to the computershared.net estimate, 65.69m is remaining to buy/drs + +It also estimates 200,400 CS accounts + +That means each account needs to buy an additional average of ~328 shares each + +That is down by 2 shares each since the last update + +At $25/share, itd take $8195 per account to lock the free float + +At $20/share, itd take $6556 per account + +At $15/share, itd take $4917 per account + +At $10/share, itd take $3278 per account + +At $5/share, itd take $1639 per account + +This gives you a picture of how it's very realistic to lock the free float in coming months, and how it becomes easier the more they drop the price +WSJ: + +> Global stocks rebounded Thursday but remained on track for quarterly losses after investor worries about rising rates, trade tensions and the health of the technology sector ended an extended period of calm. + +> Ahead of the long holiday weekend, the Stoxx Europe 600 was up 0.5% led by the auto sector, following small gains in Japan, Hong Kong and Shanghai. U.S. futures pointed to a 0.4% rise for the S&P 500 and a 0.8% boost for the Nasdaq . + +> For the first three months of 2018, however, the S&P 500 was poised to lose roughly 2.6%, ending a nine-quarter winning streak, while the Stoxx Europe 600 was on track to end 4.6% lower, the U.K.’s FTSE 100 8% lower, and Japan’s Nikkei 7.1% lower, also hit by the dollar’s weak trajectory. + +> While little was able to stir stocks for the past two years, markets have become more sensitive to any hints of bad news in the last two months, returning to a more elevated level of volatility and lower returns. + +> With central banks moving gradually away from stimulus, tax cuts already passed and the early signs of acceleration in the global economy in the rearview, “the question now is how much newsflow can there be about things getting incrementally better versus getting incrementally worse,” said Chris Dyer, director of global equity at Eaton Vance. + +> While he still is optimistic about global equities in light a healthy and upbeat corporate sector, “when you think about trade wars, North Korea, privacy and internet companies, there’s a lot that could scare investors,” he said. + +> The S&P 500 has fallen 4% so far in March, on pace for its worst month since 2016, while the Dow Jones Industrial Average has fallen 4.7%. Yields on 10-year Treasurys have risen to 2.77% from around 2.41% at the end of 2017. + +> “You’re losing money in fixed income, losing money in equities: The average balanced account at the end of the first quarter is going to be down,” said Philip Blancato, chief executive at Ladenburg Thalmann Asset Management. + +> Just a handful of equity markets have clung to small gains for the year, including Italy’s FTSE MIB index, the Nasdaq Composite, and Hong Kong’s Hang Seng. + +> Still, Mr. Blancato and many investors remain encouraged about the outlook for the second quarter, pointing to continued momentum in the economy and corporate earnings. + +> “You’ve got a strong consumer, great earnings growth because of less tax, and an expanding economy coupled with low inflation and low lending rates,” he said. “You still have all the underpinnings of a very strong stock market.” + +> Data Wednesday showed the U.S. economy grew more than previously estimated expected in the final three months of 2017, while figures Thursday showed the German unemployment rate hit a record low in March. + +> First-quarter earnings per share for the S&P 500 are meanwhile projected to rise 16.6%, according to CFRA Research, and 2018 earnings estimates for the tech sector, a current focus of market worry, have continued to move higher in the past month, according to FactSet. + +> The S&P 500 now trades at 16.3 times forward earnings, cheaper than where it started the year. + +> On Thursday, auto makers led gains in European stocks, with reports of merger talks between Japan’s Nissan Motor Co. and Renault boosting the sector. Renault shares were up 4.2%, + +> In Asian trading, many tech stocks took a hit following falls in the U.S. and recent declines in crude oil prices hit the energy sector, but a slight easing of geopolitical tensions, driven by speculation of a Japan-North Korea summit meeting, helped weaken the yen and support Japanese stocks. + +> Japan’s Asahi Shimbun newspaper reported that the country has reached out to North Korea about a meeting between Prime Minister Shinzo Abe and Kim Jong Un, who just shook hands with Chinese President Xi Jinping in Beijing and already has a summit planned with U.S. President Donald Trump. + +> Some investors took it as a sign that Pyongyang may be more open to negotiating an end to its nuclear-weapons program. The two Koreas agreed to an April 27 meeting. + +> The report came on top of a dollar rebound, which pushed the dollar up 1.4% against the yen on Wednesday, its biggest one-day gain since September. A weaker yen tends to boost shares of multinationals which translate earnings from abroad. The Nikkei rose 0.6%, pulled down slightly by shares of Takeda Pharmaceutical after the company said it was considering a takeover bid for London-listed Shire. + +> Still, for the quarter, the Nikkei ended sharply lower, hurt by a 5.6% climb in the yen against the U.S. dollar. + +> In China, news of a tax-cut plan boosted local shares. Shanghai stocks were up 1.2%, helped by Beijing’s plans to lower value-added taxes. The 400 billion yuan ($63.5 billion) measure, due to take effect in May, is expected to boost factory profits in China by a further 11% this year, said Li Xunlei, an economist at Zhongtai Securities. + +> Hong Kong’s Hang Seng edged up 0.2%, keeping it up 0.6% for the quarter. + +> The U.S. Commerce Department releases its report on February personal income and outlays on Thursday, which will be watched for any signs of a pickup in inflation. Federal Reserve Bank of Philadelphia President Patrick Harker said he expects officials will need to raise interest rates a total of three times this year, up from his earlier projection of two, due to stronger inflation. + +https://www.wsj.com/articles/many-asia-markets-rebound-from-losses-1522293236 +Look I love tinfoil just as much as the rest. I love the crazy hidden Brazilian puts, the 741, the t plus insert number here, Icahn etc. + +The guy is a human, loved his Dad, realized he had a platform and was able to immortalize him playing with his grandchildren. + +Are there some choice inclusions? Of course! + +I’ll be picking up a set for my little one because I would do the same thing for my mother (passed away in 2020) if I had the platform/money etc. + +Let the man just be a man. I’m highly critical of some of his choices (see post history) but there has to be a line here. + +Buy. Hold. DRS. + + +I sold a CSP on NFLX back in Oct and it was doing well and I was making money rolling it a couple times at 50% max profit and then it started it's downward cycle... so bad that my 645 strike was wayyy ITM after earnings. + +I thought I could just roll it indefinitely until it recovered which was okay with me, so I rolled it out another 50 days thinking I bought more time and had enough extrinsic value that I wouldn't get assigned - i was wrong. I got assigned like 4 days later. + +In this scenario for future reference, what could I have done differently to avoid assignment? (besides buying it back at a huge loss) Maybe roll it out 6 months instead? +So I understand that you buy a deep in the money call to use as your collateral and you sell an out of the money call at a higher extrinsic value. Now what happens if the shares never drop to the strike of the calls you're buying? +Closed all my positions today. Going to take a break till 2021 and find myself a real broker. + +Thanks theta gang for helping me to get rid of wsb mindset and get in the green. + +Dips on the graph are where I relapsed and bought options :) + +Positions: + +Mostly wheeled stocks that I like : AAL, PLUG, AMD, INTC. + +Did some plays riding wsb, selling NIO, PLTR, QS puts. + +Tried playing COST special dividends, was in the green in the end but not by as much as I wanted. + +https://preview.redd.it/zq4m8jtvfe561.png?width=729&format=png&auto=webp&s=5e210b759020d0215448ac808b34c831a3716230 +This is probably going to sound really dumb but how?? I just sold an AMD put (1 AMD sept 23 76)and made a quick 1.28 for holding for a few days. And I definitely wouldnt mind assignment if it happened as I do like the stock. But I was looking to get back into amd again and as I looked up the option chain my mind went wonky. I started looking at the same 76 strike and then my brain said "why are you going to try to sell a put again and pay back the 1.22 you paid to close the position?" So I guess I'm just asking for some pro tips. I definitely keep it under 25-30 delta and like to stay in the 2 week range. Do I wait for a down day? Raise my strike (this is probably obvious)? Wait till monday? +Hi masses - &#x200B; Suffered a severe loss due ‏‏‎ to NVDA last week. Basically reversed my YTD to gains and then some. Not pretty. Feeling pretty down. This happened because of FOMO and stupid trades (PCS, and tons of contracts), forgetting all my rules and risk management. To my question - how do you all handle losses to this extent? How should I restart? I wound down the positions on Friday and took a break for the weekend. But I do want to start over now that I have this terrible experience mostly over with. +Hey, thetagang, I've just started my journey in stonks and options not long ago and I've finally decided to give options a go, but I don't want to end up yoloing all my live savings into FDs and end up living in the streets. Thus, I thought of trying out some thetagang strategies. Before making my first trade, I've been doing my own research online about options in general and binged real hard on the theories like the greeks and all those, though I'm still a tad confused in the end. Despite that, I've decided to proceed on and start on my first trade with some basic strategies, namely Wheeling PLTR and selling PCS on SoFi. Due to my meagre account size with only around 2.5k\~ ish in USD, I figured that I'd start off with some safe credit spreads and wheels on PLTR since I don't mind owning it. + +&#x200B; + +**Setting Up** + +Frankly speaking, I've already made another trade before this week, and tried to sell weekly puts but I decided against it and roll out my positions. So, for this trade, I focused on puts with a 0.3 - 0.4 delta and 30\~45 DTE. As such, I sold a OTM PLTR put at a strike price of $22 expiring on 17/12, and I noticed that my account "margin call" margin has increased to around 1.1k USD. Though, I didn't really take much of a notice and proceed to setup my PCS for SOFI by selling a OTM put at $20 and buying a put at $18, while collecting a net premium of $63 which brought my breakeven down to $19.37. However, after this trade, my maintenance margin increased by another 1k and thus, bringing the total "margin call" margin to 2.1k\~ and my account's risk level was immediately raised to "High Risk". I panicked a little bit, but I ignored it in the end. As both PTLR and SOFI have been doing pretty shit lately, both my PLTR CSP and SOFI PCS were down by quite a lot, and my account's risk level has finally been brought up to "Warning", one level before "Margin Call". + +&#x200B; + +**Possible Margin Call** + +For my first trade, margin call sounds like utter hell to me, so I quickly consulted customer service, and I was told that Cash Secured Puts and Spreads are not supported by the platform as of now, and the only way of avoiding margin call would be to close my positions, deposit more money or transfer in shares. I clarified again with the customer support and I was told that despite not being assigned on my puts, I would still be in a margin call and would be forced to liquidate all my position should I not take any action within 48 hours upon margin call. In spite of being well aware that my maximum loss for my SOFI PCS is only $137 and that I'm happy owning 100 shares of PLTR @ $22, I was afraid of a margin call and I had to close my SOFI spreads to bring down the risk level of the account and so I suffered a loss. Though, I left my PLTR put as is, since my account's risk level has been brought down to the "Low Risk" zone. + +&#x200B; + +**Question** + +After this mess, I was left wondering should I also close my PLTR put since, presumably it's being treated as a naked put by the platform, despite having enough funds to cover assignment or should I leave it be? Also, is it normal for a vertical spread to increase my account's margin by 1k-ish? Or rather, in general, is there anything that I can improve on for future trades? Any help is appreciated, thanks! + +Here's a screenshot of my positions: + +https://preview.redd.it/lzk1sg8zkk081.jpg?width=1080&format=pjpg&auto=webp&s=ad5be34488f44956d3d65a9c803e230de02d95cb +it's not much for such a large party, but it is more than I'm holding + +&#x200B; + +must be based on analysis and deduction, right? + +&#x200B; + +Link to 13F filing below: + +&#x200B; + +[https://fintel.io/so/us/gme/swiss-national-bank](https://fintel.io/so/us/gme/swiss-national-bank) +The Great Depression: A Diary. By Ledbetter and Roth. + +https://www.audible.com.au/pd/The-Great-Depression-Audiobook/B00FQIGX2U?source_code=M2MORSH051016002X&ipRedirectOverride=true&gclid=EAIaIQobChMIx-O_qrm19wIVk5VLBR191AeDEAQYAiABEgLqRPD_BwE&gclsrc=aw.ds + + +“This title offers a first-person diary account of living through the Great Depression, with haunting parallels to our own time.” + +I find it’s a voice that’s different from mainstream media and even this forum. Our situation is not the same, but it doesn’t harm to learn from the insights of history. +Mint has finally exhausted my patience. Their continual connectivity issues, and absolutely terrible support has finally pushed me over the edge. + +What is the current best competitor? I am okay paying a trivial amount of money as long as something consistently works. For example, Mint hasn't worked with Target cards for two months and they are no longer updating their thread on why. But, I also have connectivity problems with other accounts as well, it's not just Target. +My grandmother passed away recently. This past Friday I was awarded $25k. Her house (where I spent every summer) is going up for sale and I’d like to keep it if I can. I have at best 3-6 months her lawyer told me before it goes on the market. What do you guys suggest I invest the cash in that can net me as close to $100k as I can in that time frame? I know it’s a big jump, but I have decent credit and hopefully can apply for a loan from the local credit union to cover the difference. Thanks in advance! + +**The Ranch won’t be generating income for advice purposes view it as a home inheritance** + +**Edit: for further info the land and home was used by my brother as a base of operation for his welding contract work. People are saying take up the family ranching, for accuracy it’s more take up the “welding contractor work/life” which honestly is a potential option** + + + +I’ve been traveling for work and stacking up on my finances. My only real possession were the clothes I kept with me and my vehicle. With my brother gone I’m moving back to my home town and taking over our families ranch home which my grandpa and father built way back when. My brother had no real cash assets but he did leave behind lots of property type things, vehicles, tools things of that nature. I just quit my out of state job and still have a lease with a roommate I plan on talking with the landlord and maybe fronting the rest of my half now to be taken off the lease. Here are the numbers and I’m wondering what my steps should be. I do not have a job but can get one in 2-3 months my take home would be in the 2.5-3.3range for what my trade goes for here. (Low cost of living area) + + + + +Finances +Debt: 44,000 + + +Monthly out of state Lease 7k total (1k a month) +Pass due Taxes 20k 7% (not my loan can refinance) +Car 17k 2.3% interest ( 530 month to month) + + +Cash assets: 33,000 +Cash 28k +5k secured credit card +Non retirement account investments: 85,000 (60k of which is long term) +Retirement: 63,000 + +Non sellable property: +Payed off home 150-200k +My car 22k + +Brothers Property and sellable physical assets. +10k work truck net after repairs (3k repairs) +7k truck net after repairs (1k repairs) + + +Monthly budget with debts as they are: 3295 (edit:3.5k forgot light and water bill) + +Moms home 300 +Out of state lease 975 +Car payment 530 +Car insurance 6 months paid in full atm otherwise (135) +Overdue Taxes 450~ +Food: 350 +Gas: 200+ (home is far from everything) +Trash 75 +Internet 110 +Phone 120 +Other subs: 50 + +So should I sell assets and knock debt out, or burn through cash while I seek a job and just have a high monthly budget. +Here we are in 2018.. The year I personally feel will be known as 'the biggest year for cryptocurrency'. For an intelligent investor this is great news because gains are most likely inevitable.. However most investors still struggle with one thing... patience.. Even many of you reading this post right now can probably say "If I was patient I would've been better off." Yet despite these repeated warnings and facts, a lot of investors continue to struggling with patience.. Well the last thing we want is to be impatient in 2018, so let's get to the bottom of this... + +If I was to ask you what your long-term assets are, do you have any? I am not talking about holding for 1 month or 3 months... I'm talking about years.. Do you have an asset that you are extremely confident in, that you are holding for the long-term? If you don't know the answer to this question then that's the first problem.. Everything you invest in should ALWAYS be for the long-term, if you buy an asset at $1 you should not have the urge to sell at $2 a couple weeks later.. If you continue to sell short, you are going to end up like a lone wolf. + +A lone wolf in crypto i'd say is someone who has bought and sold short so many times, they have run out of investment options. At this point, the idea of buying assets higher than what they previously sold them for will prevent them from getting impressive returns. Psychologically they feel like they have nowhere to go and nowhere to invest. + + +**You Must Be Confident** + +You see most people who are impatient or do not hold assets for the long-term I feel lack confidence and knowledge. Someone who does not 'believe' an asset can be worth $20 will sell short at $3.. For example let's say you buy an asset for .50 cents with a $5m market cap, you must understand that if this company is truly a 'good company', it should easily exceed $20 per asset long-term. Easily.. Heck, if it was a good company it would exceed $50.. If you do not believe this, you will not be able to utilize this knowledge to your advantage. How do you know if these kinds of returns are even possible? You must know your numbers (see below). + + +**You Must Know Your Numbers** + +If you were to tell me "In a couple years Ripple will be the price of Bitcoin" then it would be clear to me you don't know your numbers. In fact, if you don't know your numbers, then everything your buying is a waste of time and any returns you've made were based on pure luck. Without knowing your numbers, you will have no idea on how to achieve goals, what goals are even possible, or what your potential losses could be. + + +I wrote a post 5 months ago called '[Making a Million Dollars](https://www.reddit.com/r/CryptoCurrency/comments/6nhl0q/making_a_million_dollars/)' and in this post I said... + +> *There are a lot of assets out there with great technology that I think are severely undervalued. I think if you find a solid promising asset, it should have no problem achieving a $2b+ market cap long-term. You have to also remember that as the overall total market cap increases, more and more assets will join the $1b club... and as time goes on $1b will seem all too common and you'll watch assets join the $5b market cap club, then $10b and so on..* +> *There are even assets under a $15m market cap that will likely reach a billion dollar market cap in the future. These kind of investments will yield massive returns for long-term investors.* + +Today there are now over 40 assets with over $1 billion market cap and 15 assets over $5 billion.. So if you did not believe me before, well maybe you will today. A solid long-term company should have no problem reaching over a $2 billion market cap.. In comparison to the stock market, it's peanuts. (Apple's market cap hit $900 Billion) + +So with that said, let's say you found an asset you really like.. You did your research, you love the team, the service, the vision and you are ready to invest. Everyone want's to make a ton of money, but let's be realistic.. You must know your numbers, without numbers you will be clueless and lost. How much you're willing to invest also dictates how much your potential returns can be. + +To get the concept started, let's say... 'At **minimum**, ALL long-term assets will reach at least $2+ Billion market cap'. Now that you have come to this realization, let's make an example. If the market cap of your coin is currently at $100 million, then you are looking at 20x profits by the time it hits $2 billion. But wait.. Just because an asset hits a billion dollars does not mean it's time to sell.. A reputable asset should have no problem exceeding multi-billions long-term. + +> *If you were holding 5,000 assets at $2.39 each ($189m market cap) and the market cap reached $5 Billion.. How much would your assets be worth?* (see end of article) + + +**You Must Think Long Term** + +If you want to make serious money you really need to be involved. Don't just glance at a website and say "It sounds good, I'm in!".. Actually research, learn the fundamentals of the project and imagine where it can be 10 years from today. If you can't imagine the asset surviving 10 years from now, then why are you holding it? Holding onto assets for the short-term is going to make you a lone-wolf in the long term. You don't want to be sitting on the sidelines watching well-established undervalued companies grow because you sold. + +The bottom line is you must know how much you can realistically make (at minimum) off your investments (ROI). By knowing the numbers, you can realistically set goals like "I want to make a million dollars." In order to achieve this goal, you must research and acquire enough assets while they are undervalued. Once you have acquired enough assets to 'realistically' hold a million dollar portfolio, all you need to do is be patient. + + +Regards, + +BTC2018 + +----- + +> *If you were holding 5,000 assets at $2.39 each ($189m market cap) and the market cap reached $5 Billion.. How much would your assets be worth?* + +> Answer: $316,137 @ $63.22 per asset. + +> Equation: Initial Investment of 5,000 assets @ $2.39 = $11,950 + +> 5 billion (goal) / 189 Million (current market cap) = 26.45 (ROI Goal) + +> 26.45 (ROI Goal) * $2.39 (Current Price) = $63.22 (Price per asset at $5b) + +> $63.22 * 5,000 (your holdings) = $316,137 + +----- + +Remember no matter what I post or what I say, you should always do your own research, come up with your own assessment and talk with your financial adviser before making any investment decisions. + +Luckily we have no real debt, we have about 150k equity in our home and no investments or savings to speak of. I’m stressed beyond belief and everything in my life along with my mental health is being affected. I can either keep the house or sell it, she doesn’t want it but she does want her share of the equity. I can either refinance and pay her off, or sell it and pay a years rent somewhere and coast for a year with odd jobs and gig work. + +The second option is really attractive to me, I’m close to quitting my job already but I also don’t want to completely mess myself up. +Currently I own a tech startup that's just getting off the ground with 3 other business partners. The only issue is I can't recognize a good deal due to my financial naivety. We would each own the remaining 25% at 6.25% per owner, valuing our shares at around k. + +Should I take it? (Willing to give more details about terms and conditions if necessary) + +EDIT: A lot of you have been very helpful. I really should have been clearer, but I was in a rush so here are the details - keeping as anonymous as possible but we're based in Europe. + +* The startup is recieving the k investment as part of completion of an entrepeneurship programme in my country that divides the following way: + +* 25% of shares go to our regional government, 25% goes to the entrepeneurship programme, 25% goes to the investment management and holding firm funding this, and 25% goes to us. We have recently completed the program and hence are yet to take off. + +* We haven't started officialy trading yet and the k would serve as a seed fund so us four would own 25% of the £300k (so k between us) and the remaining k would belong to everyone else i.e. the regional government/entrepeneurship programme/investment management and holding firm. + +* I can't give projections as our decision to start trading depends very much on whether we accept this deal or not. + +* We're in links with some big telecommunications companies and a few TV channels in our countries that would be potentially looking to use to our software services (we're a software development company). + +Also apologies for any mistakes or misunderstanding as English isn't my first language. + +EDIT2: Thank you so much everybody for your honesty and contributions. We very much appreciate it. We're going to think it over some more but given the overwhelming response then I think our decision is already made, but we're going to talk to a lawyer and financial advisor before a final decision. +I just found out I have a 529 account, but I’m already out of school and not planning to do more. + +What is the best way to use the money without all of the penalties? + +Can I use it for professional expenses? I freelance and would benefit from technology like a new computer and software for it. + +ETA: + +Or is there a way to convert it into a useful account for down the road like a retirement account or something? I didn’t know it existed so I’m fine pretending it doesn’t and saving it to be useful later. + +ETA2: + +I’m the beneficiary. there is no one else logical to transfer the account to, and no one intending on kids or anything +I make 95,000/yr and I’m contributing 15% (after taxes) to my retirement per month (this comes out to around 1200/mo). Right now I have 33k in retirement savings and 22k in savings for a home one day. I can only contribute around 800-1000/mo to my savings for a home after rent and all other expenses. I’m 28 years old and would like to buy a home one day but I’m not sure if I should make some adjustments here. I also have 50k in RSUs over the next 4 years (12.5k a year) coming my way. +**INTRO** +Yesterday I started a possible God Tier DD of how the DTC Mafia has expanded his net to EU after WWII and through Spain dictatorship Francisco Franco and [Florentino Pérez](https://www.reddit.com/r/Superstonk/comments/mwdh0r/the_eu_artifact_of_the_dtc_mafia/). I know that is a very deep and large series, that needs much work and more explanation because is something global. This is the first big chapter that tries to show you how actions made on GME saga is a systemic modus operandi of the DTC Mafia and how important is to keep holding until the end, not only for us, but for the integrity of our future. + +**TL;DR- Credit Suisse, UBS, Auriga, Morgan Stanley, BBVA and J.P Morgan have used the strategy we have seen applied on GME many times. I checked the Spanish bank Bankia scandal, that was merged with Caixabank on 26 march 2021 (how convenient) to show you how it was all fruit of the DTC Mafia.** + +**Get ready because this involves Big short, DTC and GME.** + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +**#1** **EDIT: My opinion of how is related with GME. (Just for clarification).** + +**DTC** [**participants**](https://www.dtcc.com/-/media/Files/Downloads/client-center/DTC/alpha.pdf) **(Mafia)** is using the same exact strategy with other stocks, not only with GME or in USA. Credit Suisse and Nomura holdings were heavily affected by Archegos' margin call (one of GME big shorter). They also are totally involved with Bankia. + +I believe that GME has followed the same steps, but now they failed because we entered step 6 and they never expected us to buy&hold and counter it like we are doing. Every single ape buying and holding is a real hero. + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +**Strategy** + +1- Control the board of directors to make sure they will manipulate the results of the company in your best interest. Make sure is a stock (with an IPO if is a private company) that is complex to understand or that is expected to fail, so if it does none will care. + +2- Pump the value of the company with results and mass media manipulation. This way retail investors invest in you and your assets value is hugely inflated. + +3- With the assets inflated enough to be too big to fail, you get a huge debt or sell your assets because you will have to pay big money to DTC mafia & friends. This massive sell is hidden with step 4. + +4- Dump the value of the company with unexpected bad results, mass media manipulation, mass naked short, mass short selling from your retailers with manipulated brokers and mass FUD selling. This way you kick all the retailers (stealing them on the way) and force a rescue from the government. + +5- Inflate value of your assets to give big dividends. The favourite way is with a merge of an other company that you have drained and the corpse needs to be hidden. + +6- Prepare a sale merging or total bankruptcy. Repeat a pump and dump (steps 2, 3 and 4). + +7- Laundry time. Merge is made, so you sell all the assets you got on the sale to your real state friends and put the cash on crypto. + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +**Bankia scandal in more detail.** + +Here you have the [case study](https://catalystsforcollaboration.org/case-study-bankia-corruption-scandal/) of the scandal and a [summary](https://en.wikipedia.org/wiki/Bankia) of events. This book explains it all: **Crisis Elections, New Contenders and Government Formation Breaking the Mould in Southern Europe.** + +**Step 1.** + +Big short happened and we are on 2008, Lehman Brothers is going bankrupt and you apply [step 7 of the strategy with Nomura holdings.](https://www.nomuraholdings.com/news/nr/holdings/20080922/20080922.html) This also affects Spain & Portugal because you have a big division there and your CEO needs to fix the situation too. So you call [Luis de Guindos](https://en.wikipedia.org/wiki/Luis_de_Guindos) and make sure he becomes the prime minister of economy with [illegal funding](https://english.elpais.com/politics/2021-02-09/in-spain-new-trial-puts-spotlight-on-popular-partys-illegal-funding-scandal.html). + +Then you make a bought board of directors to create a [big pile of corpses with a private company](https://english.elpais.com/elpais/2017/03/15/inenglish/1489573772_758618.html). + +Get your [executive arm out and make him enter the EU central bank](https://english.elpais.com/elpais/2018/02/19/inenglish/1519050947_937366.html), is time to prepare an IPO with $US 23 Billions that will be stolen [from the civil pensions](https://www.thelocal.es/20130322/give-us-back-our-stolen-money-pensioners/). You know that what you are gonna do will be a massive problem in the future and you will have to put an [austerity](https://english.elpais.com/elpais/2016/03/15/inenglish/1458043447_291799.html) because EU won't pay you the party otherwise. BTW, now they [claim](https://english.elpais.com/economy_and_business/2020-12-08/brussels-urges-spain-to-reform-pensions-and-jobs-in-return-for-eu-funds.html) that is citizens fault... obviously. + +**Step 2** + +In 2011, Bankia listed itself on the stock exchange and carried out an Initial Public Offering (‘IPO’). Over 300,000 shareholders invested in Bankia for 3.75 euros per share and with this, the conglomerate was able to raise ([with fraud](https://www.theguardian.com/business/2012/jul/04/bankia-board-investigation-corruption-claims)) 3.2 billion euros. + +In May 2012, Rato announced that Bankia had recorded profits upward of 300 million euros. Shortly after making this claim, Rato resigned from his post amid rumors regarding Bankia’s insolvency and, in June 2012, [José Ignacio Gorigolzarri](https://en.wikipedia.org/wiki/Jos%C3%A9_Ignacio_Goirigolzarri) (DTC executive arm on BBVA) took over as the new president of Bankia. + +"In November 2012, within seven months of Rato’s announcement about its profit rates, Bankia announced that it was suffering a loss of 14 billion euros and was in urgent need of a bail-out. "Spain to [inject €19bn](https://www.ft.com/content/b20f5254-f72b-11e1-8e9e-00144feabdc0) into Bankia. + +**Step 3** + +In 2013, Bankia returned to profitability. (Over inflate your assets value). + +On 28 February 2014, Spain sold a 7.5% stake in Bankia for €1.3 billion. The shares were sold at €1.51 each. Further divestment was expected for 2014 under the rescue programme, but did not happen. + +On 7 July 2015, Bankia paid the first dividend in its history €0,0176 per share. On 16 October, Bankia completed the sale of [City National Bank of Florida](https://en.wikipedia.org/wiki/City_National_Bank_of_Florida) for $883 million to Chilean bank [BCI](https://en.wikipedia.org/wiki/Banco_de_Cr%C3%A9dito_e_Inversiones). The bank was bought by Caja Madrid for $1.12 billion in 2008. At the end of 2015, Bankia had fulfilled two years ahead of schedule all the targets set by the [European Commission](https://en.wikipedia.org/wiki/European_Commission) in the BFA-Bankia Group Restructuring Plan. The bank also reported the best efficiency, solvency and profitability among the six largest Spanish banks. + +**Step 4** + +Mass media FUD, bad results, a massive [naked-shorting](https://www.reuters.com/article/bankia-shares-idUSL2N0E41ZS20130523) and stealing money from small/retail investors. + +"Share prices crashed to an all-time low of 0.01 euros. Bankia was considered key to the nation’s banking sector since it was the fourth-largest bank in Spain and held ten percent of Spain’s citizens’ total bank deposits. To avoid a collapse of the entire banking sector, the government stepped in and bailed out Bankia by partially nationalizing it. The 19 billion euro raised for the bailout was part of a larger debt that Spain had acquired from the European Union." + +"XNet analyzed the bailout plan and realized that a seventh of the amount was being used to rescue Bankia, a bank that was claiming profits of over 300 million euros only seven months ago. As collateral damage, Bankia’s 300,000 shareholders – mostly unemployed, elderly and families –had collectively lost over two billion euros due to Bankia’s sudden downfall. It was clear to the activists that a sudden need for a 19 billion euro bailout from the government and the steep fall of the share prices were extremely implausible unless there was maladministration and misrepresentation by the executive running Bankia." + +Guess who are the naked shorting specialists? **Credit Suisse, UBS, Auriga, Morgan Stanley, J.P Morgan and BBVA.** + +[Link to a Spanish detailed explanation.](https://www.gesprobolsa.com/bankia-escandalo-bursatil-negocia-mas-acciones-que-titulos-hay-cotizando/) (I'm sorry, but he proves it very well). + +**Step 5.** + +On 23 February 2016, [Fitch](https://en.wikipedia.org/wiki/Fitch_Ratings) raised Bankia's rating to "BBB-", restoring the bank's rating to investment grade. On 8 September, Bankia announced that it was included in the [Dow Jones Sustainability Index](https://en.wikipedia.org/wiki/Dow_Jones_Sustainability_Indices) with a score of 84 out of 100. + +On 27 June 2017, Bankia agreed to acquire state-owned bank BMN (Banco Mare Nostrum) for €825 million in an all-stock deal. BMN was the result of the merger of the savings banks Caja Murcia, Caja Granada and Sa Nostra. On 3 November, Bankia announced that it was listed in the CDP Climate Change report for 2017 as one of a group of 112 global companies leading the fight against climate change. The restructuring period will end on 31 December 2017. The deadline for the privatisation of Bankia was end-2019, however, in December 2018 the Government decided to postpone the privatization until end-2021. + +On 27 February 2018, Bankia announced that it plans to pay €2.5 billion to shareholders over the next three years as part of its 2018-2020 strategic plan. It aims for a profit of €1.3 billion in 2020. + +Obviously, [overpaying](http://www.dividendsranking.com/Bankia-dividend-yield.html) them. Other source [here](http://www.dividendsranking.com/Bankia-dividend-yield.html). + +**Step 6.** + +Prepare the merging with your friends (Florentino Pérez & DTC mafia) over lending money to your future buyer (Abertis is a company of Caixabank).“2017. Florentino Pérez, president of ACS, has only earned the trust of Bankia and BBVA in his syndicated 'macrocredit' of 15,000 million euros to face his 'counterOPA' against Abertis. Or at least both entities are the only two that appear in the banking pool formed by 17 entities with which the construction company, through its German subsidiary Hochtief, which is the one that is truly behind the listed Catalan.” + +The 17 members that financed him for only 1 of the multiple Florentino's projects around: + +With 1,049.8 million euros each: Commerzbank, HSBC, JP Morgan, Mizuho and Société Generale. + +The syndicated is completed with another dozen entities that have contributed 809.5 million each. In addition to BBVA and Bankia, this group includes Barclays, Credit Agricole, Bank of China, ING, Landesbank Baden-Württemberg, The Bank of Tokyo-Mitsubishi, Natixis, Royal Bank of Canada, National Westminster and Sumitomo. + +Dump value again: Bankia may not meet [dividend target](https://www.reuters.com/article/health-coronavirus-spain-bankia-idUSL8N2BK4A4) due to coronavirus (this time was easier than expected). A SEC [report](https://sec.report/Document/0000950103-20-021368/) from Bankia justifying their lost of 75% on their assets value just before merging with Caixabank. [Spanish notice to the 75% lose.](https://valenciaplaza.com/desplome-bankia-bolsa-frob-nacionalizacion) (I couldn't find it in english). + +***Risk of non-recovery of certain tax assets of the Bankia Group*** + +At 30 June 2020 the Bankia Group had recorded deferred tax assets amounting to €10,449 million (€10,421 million at 31 December 2019) (see section 18.1). + +As regards the recoverability of deferred tax assets, it should be considered that, in accordance with Royal Decree Law 14/2013 of 29 December 2013 on urgent measures to adapt Spanish law to the European Union regulations on the supervision and solvency of financial institutions, and the provisions of articles 11.12 and 130 of Companies Tax Act 27/2014 of 27 November 2014 (Ley del Impuesto sobre Sociedades, or “LIS”), at 30 June 2020 the Group has deferred tax assets amounting to €7,441 million (€7,466 million at 31 December 2019), which would comply with the provisions of the aforesaid regulation, so its future recovery is guaranteed through the monetisation mechanisms established in RDL 14/2013 and article 130 of the LIS, mentioned above, taking into account the modifications introduced, for tax periods starting on or after 1 January 2016, by Act 48/2015 of 29 October 2015 on the General State Budget for 2016, although for this purpose a financial contribution regulated by the new Thirteenth Additional Provision of the LIS must be paid. In this regard, the Company expects to pay the financial contribution included in the Thirteenth Additional Provision of the LIS in 2021, in July 2020 having paid the financial contribution corresponding to 2019, which amounted to €96 million. + +Additionally, the future recovery by the Bankia Group of deferred tax assets other than those mentioned above is subject to various time limitations depending on their origin. Thus, a period of 15 years is established for the deductions to encourage the performance of certain activities, with the exception of the deduction for research and development and technological innovation activities, for which the setoff period is 18 years. On the other hand, there is no time limit for the recovery of timing differences, for the setoff of tax losses and for deductions to avoid double taxation. However, in the event that in the future: + +**(i) the Bankia Group does not generate profits (or profits are insufficient) within the period allowed to offset the non-monetizable tax credits; (ii) the companies tax rate is reduced; (iii) errors are detected in the tax assessments made or discrepancies are detected as a result of verification by the Spanish tax authorities that reduce the tax assets or credits; or (iv) there are changes in current legislation or in the way in which it is applied or interpreted, the Bankia Group could be restricted, partially or fully, in the possibility of recovering the amount of these tax assets, in which case there could be a substantial negative impact on the business, results and/or the financial and equity position of the Bankia Group.** + +**Step 7.** + +On 4 September 2020, it was confirmed that [CaixaBank](https://en.wikipedia.org/wiki/CaixaBank) and Bankia are negotiating for a potential merger. The merger would create the biggest domestic bank in Spain with assets of €650 billion.The merger was effective from 26 March 2021. + +And this is how has ended merging with [Caixabank.](https://en.ara.cat/business/bank-bankia-banking-symbol-collapse-spanish-economy-disappears-stock-market_1_3915472.html) + +"In just a few years, Bankia went from being the solution to Spain's banking chaos to being its main problem. Twelve years later, it will disappear swallowed by CaixaBank, in a takeover disguised as a merger; a week later, Rato found out that the prosecution wants him serntences to 83 years in prison in the trial on the possible money laundering that made him leave the IMF and join Bankia." + +Guess who [bought](https://www.ft.com/content/7cb8abae-01e3-11e9-99df-6183d3002ee1) the sale assets of Bankia? **Lone Star Hedge fund.** Who is the Founder & Chairman? [John Patrick Grayken](https://www.forbes.com/sites/nathanvardi/2016/03/01/the-billionaire-banker-in-the-shadows/?sh=613ee2c44a84). Big Short famous [banker](https://www.gov.bm/sites/default/files/SC1007-Kate-R-W-Grayken-v-John-P-Grayken-2010-SC-Bda-33-Civil-5-July-2010.pdf). + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +You can see that this is nothing new and there are countless examples. Bonus one, Florentino Pérez [overinflated](https://www.vozpopuli.com/economia_y_finanzas/empresas/acs-florentino_perez-marcelino_fernandez_verdes-hochtief-bbva_0_673432678.html) ACS stocks to dodge the margin call from BBVA bank when **ACS group** merged with **Hochtief AG.** + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +\#1 EDIT: 23 April. +Keep it as cash? Passive income? Reinvest? + +Personally, dividends aren't my priority, but any that I do receive gets fed into my long-term holdings (AAPL, ATD, BAM) +As you can already guess this idea is inspired from the famous r/millionairemakers sub. + +What sub better to run this better than our very own r/Cryptocurrency ? +With moons vault it's pretty easy and straightforward to donate a moon for everyone. +Even if a thousand of us just donate one moon each, it can make up a significant sum for a lot of people on this sub. +we can do this weekly/monthly or as mods decide. + + +For people who are not aware the general premise is that Mods can take all the unique user comments from one post and use them as raffle entries, which they can put through a random draw to come out with one user who has won. + +Mods can just create a Public moon vault for the very purpose to which we can all donate and make the day of the winner with some considerable moons. + +So what do you guys think? + +Edit: General consensus from the comments is that only the people who donate 1 or more moons should be eligible. Which is actually sensible imo. +This is the sub currently: + +https://preview.redd.it/gqbjthd3s6f91.png?width=792&format=png&auto=webp&s=af9b644d1093b562209794807b4e20e0f31e17b1 + +https://preview.redd.it/e3l130z6s6f91.png?width=787&format=png&auto=webp&s=06070b8a1be99d65bef213b7753e5992ac07ebbf + +https://preview.redd.it/kzno04u8s6f91.png?width=792&format=png&auto=webp&s=2cce7cad58bcf16617adc46b5088b47face4ab4a + +It's not just these three, the entire first page of the sub is this. So, despite my inability to [bring visibility to the explanation](https://www.reddit.com/r/Superstonk/comments/vw2o6y/lets_talk_about_first_share_distribution/) ahead of the dividend, I am going to try once more. (Yes, I realize the irony of adding another post of this type, but I really hope this can reduce the confusion going forward) + +&#x200B; + +1. GameStop [announced](https://investor.gamestop.com/news-releases/news-release-details/gamestop-announces-four-one-stock-split) that they would distribute the share dividend to registered shareholders of record (for example, DRS'd apes). Is it a stock split? Yes. Is it a dividend? Yes. +2. GameStop DID distribute the share dividend to registered shareholders of record. +3. The DTC's nominee, Cede & Co, is a registered shareholder of many/most shares and received the share dividend. +4. The DTC (and depositories like it in other countries) does not **give** shares to its participants, brokers, and entitlement holders. The DTC **owes** shares to its participants. In turn, these participants **owe** shares to their [entitlement holders](https://www.reddit.com/r/Superstonk/comments/u66z7c/tacrtfl_what_is_the_secret_ingredient/). +5. Since the DTC has not **given** shares to participants and entitlement holders, but owed them, then the DTC will not give/distribute the dividend shares, it will **owe** them. (Speaking more precisely, there are no specific shares owed, since shares are fungible. It will owe an amount of shares relative to the amount of shares previously owed.) +6. If you hold "shares" at a broker, **you only have a security entitlement**, not a security. All that happened during the dividend was that your security entitlement was multiplied by 4. **Brokers continue to owe you, as they always have, albeit 4x as many shares. They will continue to owe you until either you DRS, you sell, or they default.** +7. Because of #6, any amount of hand wringing over whether brokers treated this as a "regular split" or not is a fool's errand. The share dividend, as far as GameStop is concerned, was over on July 22nd. Brokers to retail investors were not involved in any receipt of actual securities. Everything brokers *have* been doing is just DTC participants trying to either resolve share IOUs between participants (e.g. in the case of a due bill), or maintain open a share IOUs to retail (e.g. in the case of a security entitlement), or balance/account for the IOUs they owe to retail with the IOUs they hold against their depository (I guess relevant when your country actually enforces that you maintain proper financial asset levels). + +Reading over this, I realize it's a bit ape-ish and not the most eloquent summary, but anyway I hope this helps to clarify things. + +DRS is the way 🦍💕🦍 + + +Edit: The purpose of this post is to instill some skepticism and chill around the rampant speculation that brokers or depositories have misprocessed the dividend. I still believe everything in this post to be accurate. However, I have received a message containing a plausible claim that on the part of NSCC, materially different practices may be in place for these different corporate actions. Without having researched it in too much depth yet, and confident that the best course of action in either case is to DRS and zen, I'll leave it at that and also leave the contents above to stand. +So, we've all been here for what seems like forever and it really, REALLY seems like we might actually be near the end game. I got in originally as I'm sure many of you did during the pop in January 2021, at that point I was like "Hey, maybe I'll make myself a couple grand and buy something cool and move on". Well, the unimaginable happened and blatant stock manipulation happened in front of our very eyes... It couldn't had been more obvious that we were being told to stay in our fucking lane and this isn't your world, thanks for playing, better luck next time. Well, I never left... I didn't add to my position at the time as it was spiraling down but I never sold the whole 5 shares I was ALLOWED to buy through Robinhood for like $320 and watched it go to $40. Knowing what had happened, I was prepared to watch it go to zero because I was holding based on principle. + +Now having had a year and a half with all of the DD presented to me, I've bought and bought and bought some more. My principles still stand, I will not sell a single share until I know that I can help turn people's lives around. We have a chance here to be the difference... This is literally a once in a lifetime opportunity, don't squander it for possessions, instead, let's make this a better place for all of us. + + +Also, sorry for the text wall. +I want to be able to see how large the orders were that caused an advance or decline. Like, was it 100 large 10,000-share orders or was it 10,000 small 100-share orders? This type of info would be valuable because it would tell us whether the run was caused by big or small players. Im wondering if theres a chart study that would visualize the average, maybe like a volume bar type study +made a similar DD around 8.50 earlier this year, and its only been getting more bullish as the year goes on. + +Originally, there's a few main takeaways: + +1. New CEO is phenominal. Car industry his whole life. He is making meaningful change to Ford and can show he can keep his promises. This can be seen by the insane turn around even during a pandemic and his ability to increase profits even now. They released Janaury numbers, and overall outpacing sales in the industry by 4% and growing. I expect strong 2021 outlook. + +2. The CEO is focused on PROFITS rather than simple revenue. Paying down debts, closing massively unprofitable brands, reinvesting in more profitable brands. For example; earlier this year, they closed a brazil plant but reinvest 1.1 billion in South Africa. + +3. The Truck market specifically is exploding right now and that will only get better with the Electric f150. They are hyping it up and in general doing a good job hyping up alot of their brands. This will be the biggest thing for ford in a while. + +4. They have 2 other extremely promising aspects. First, their mustang, and more importanly their fleet vans. Ford fleet vans have basically a monopoly in the area. The only real competition is the mercedez amazon vans you see around, but even then, its not a big deal. Ford has announced plans to get fully automated self driving fleet vans to market. + +5. The electric mustang might not seem like a big deal but they did it for a reason. Its controversial, but thats ok, and maybe even good. Most have looked into it, some have bought it. They have basically instantly sold out everytime they released selling them. They might only have a few thousand to sell due to chip shortages, but that will be remedied shortly, and they plan on producing their own chips anyway, which could be massive. + +6. Rivian. The details havent been fully announced but most speculate about a 15% stake in the company when it was only worth about a billion dollars. Their most recent valuation puts them at 45 billion. They made several billion on that investment alone. + +7. One of first things The CEO has announced at the top of their to do list is quality control. They want vehicles more reliable and less lemons. As they rebrand themselves, this will be massive and critical. People like nice cars and Tesla has raised the bar. This can be seen through their recent google partnership to basically overhaul the tech aspects of their cars. + +Other side notes: Bronco will be massive and already doing well. Yes, theyre less concerned with revenue so its dropping, but still, doubling profits but less revenue is fine. New administration will likely invest heavily in Ford for EV's and even wrote a letter encouraging it to the prez. +https://www.cnbc.com/2019/07/11/the-fed-chairman-says-the-relationship-between-inflation-and-unemployment-is-gone.html + +>“The relationship between the slack in the economy or unemployment and inflation was a strong one 50 years ago ... and has gone away,” Powell says. +> +>“At the end of the day, there has to be a connection because low employment will drive wages up and ultimately higher wages will drive inflation, but we haven’t reached that point. In many cases, that connection between the two is quite small these days,” the Fed chief says. +Below I will be sharing my portfolio. I will add a short explanation under each company as to why I chose to add them. Any and all feedback and/or questions are greatly appreciated. The portfolio is as follows: + +🖥Microsoft 12,5% +The biggest part of my portfolio, Microsoft is a safe play for a future where more and more things will be reliant on technology. They are growing their Azure cloud business every year and are looking to keep innovating to meet the different needs in the market. A giant blue chip and a safe investment in my opinion. + +💳Mastercard 7,5% and 💳Visa 7,5% +Around 77% of all transactions worldwide are still done with cash and I think we will continue the transition to digital currency for the foreseeable future. MA and V have something of a duopoly on the fintech space and both own major payment networks that they are expanding all around the globe. The reason I picked both is that even though they tend preform similarly, you never know what might happen in the future that causes one of them to shoot away or drop down. + + +☢Cameco Corp 7,5% +I have posted a few things about my view on uranium and in short I believe that uranium miners and their respective shares will experience a 'parabolic' market shift and subsequent boost in their share prices within the next two years. Uranium makes up a total of 15% of my portfolio and I believe this play is less of an 'if' and more of a 'when', which is why it is a significant part. + + +✈Raytheon 7,5% +One of the biggest defence players in the sector. They are currently trading at a share price many view as undervalued, which can mostly be attributed to their exposure to the commercial flight industry. They have various sections and several big contracts with the government and I believe they are a safe play to get exposure to the defense market. + + +🖥Facebook 7,5% +Owners of some of the largest social media platforms in the world and sitting on a big pile of cash, Facebook is one of the biggest digital ad companies there is. They also diversify heavily into all sorts of things like AI, IOT, online shopping, VR and the goal to build something of a metaverse in the future. The only reason that they are not a bigger part of my portfolio is that they are prone to controversy, which does not help their share price. + + +🖥Nvidia 7,5% +Similarly to Facebook in the fact that they are well diversified (different types of chips for things like autonomous driving and advanced AI). They are a very innovative company under great leadership and if they can keep innovating like they have been doing, there will be plenty of growth ahead. + + +🖥Qualcomm 7,5% +The main play to take advantage of all the different applications 5G will have, Qualcomm is perhaps the biggest company in the 5G space with all sorts of great applications and patents in their arsenal. They are well positioned to take advantage as 5G gets adopted on a global scale form things like every day devices to even healthcare, which is why they are in my portfolio. + + +🖥Advanced Micro Devices 7,5% +Having experienced a massive growth of their company and share price in the past couple of years, they have become a big player in the chip sector under the leadership of their new CEO. With government contracts, innovative chips in new generation game consoles and other applications as well, they are taking market share off of Intel and are not looking to back down in the foreseeable future. + + +🖥OpenText 5% +A Canadian software and cloud company that is not mentioned a lot on here, they are doing all the right things to ride the wave of SAAS and the cloud. Their acquisition of US company Carbonite also gives them exposure to cloud document security, a service that will be demanded more and more. This is a slow and steady growth play in my portfolio. + +💊Galapagos 5% +European biotech company Galapagos has been on a tear since the announcement that they would be partnering with US biotech giant Gilead. They currently have several much anticipated drugs in testing phases and if these are approved, expect this company and its share to grow exponentially. + +🎮Activision 5% +I am a big believer in video games and their place in the entertainment market of the future, especially as graphics and VR keep improving and adding to the experience of video games. Activision is the biggest pure play video game company and owns some great franchises. They are also big in the mobile gaming market (especially after acquiring King digital), the fastest growing video gaming market in the world. + +☢Energy Fuels Inc 5% +See the Cameco explanation. This is the biggest US uranium producer. + +☢Denison Mines 2,5% +See the Cameco explanation. A relatively small miner with an amazing project in the works. + +🚢Euronav Tankers 2,5% +Undervalued right now and poised to return to their previous heights as a shortage of tankers around the world is pushing prices up, any sign of significant economic recovery will help them as goods will be demanded more and more to help the economy get back on track. + +⛏New Gold 2,5% +My play to have some exposure to the gold market, this company has several gold, silver and copper assets, but has not been treated as well by the rising gold tide as some of its gold mining peers. With the gold price rising and not seeming to lose steam anytime soon, this company can profit greatly and their low share price is set to grow because of it. + + +As stated at the top of this post, any feedback is greatly appreciated and I hope I was able to show some companies that others might not have immidiatly thought of when constructing their portfolio. Thanks for reading and good luck out there in the market. +One of the most overlooked stocks on the American stock market is Dropbox. I personally love it. It's got a lot of potential and the recent drop in price opens up an excellent opportunity for new investors. + +# Dropbox at a glance + +So, why should we care about Dropbox? Simple. It's a well-performing business that keeps beating analyst expectations. In fact, Dropbox does not have a single earnings or revenue expectations miss since they floated on the stock market! Yes, Dropbox's growth may be slowing down a tiny, tiny bit, but it is still double digits. This growth is likely led by the overwhelming switch since last year to working from home. A lot of people are also starting their own small businesses and they need solutions like Dropbox to help them organise their files, documents and so on. So, the question is, what does Dropbox actually do? Their flagship product, Dropbox, is a cloud storage solution similar to Google Drive, One Drive, iCloud and so on. Essentially, you can store files on Dropbox and synchronise and share them across PC, mobile, tablets and so on. However, Dropbox is actively striving to become a workspace platform or a smart workplace. Over the last three years they have also acquired HelloSign and DocSend that provide even more capabilities to its users. HelloSign provides the ability to send, receive and manage legally binding electronic signatures, whereas DocSend allows you to securely share documents with other people or businesses, track their usage, provide NDAs, meaning Non-Disclosure Agreements, eSignatures, watermarking and so on. Overall, these three services provide the backbone of the Dropbox product offering. However, Dropbox continues to look for new ways to improve and expand and have recently introduced three new features: Capture, Replay and Shop. I am really interested in the Shop feature, I think that has a lot of potential, but it's still too early to tell. If it goes well though, it could become a very successful marketplace for digital content. + +# Earnings, revenue and key metrics + +This all sounds really good, but let's look at the numbers. Always look at the numbers before you invest ***especially*** these days when there are so many companies that talk a lot, but have nothing to show for it. Like a lot of modern tech companies, the Dropbox business model revolves around subscriptions and that means it is relatively predictable. As long as users are satisfied with the product, they will continue using and paying for it. In Q3 of 2021, Dropbox had over 700 million registered users with 16.49 million paying users up from 15.25 million last year and those include both individuals and business subscriptions. Dropbox's business model focuses on converting existing users into paying users and we can see it's obviously working from this increase of 8.1% in the number of paying users per year. What Dropbox also does is upsell to existing users and nudge them to upgrade to premium plans, purchase additional licences and so on. As they say though, the proof is in the pudding. Over the last year, Dropbox has managed to increase the average revenue per user to $133.79 compared to $128.03 last year, which is a steady increase of 4.5%. When combined with the increase in paying users, that results in an increasingly profitable business and, as a result, Dropbox shows consistent growth every single quarter. Dropbox had 9 consecutive quarters of rising earnings, but broke their streak in the latest one. Q3 of 2021 showed a tiiiny dip from $0.40 to $0.37 dollars EPS, but that is still up 42% since last year. On the flipside, their revenue has grown every single consecutive quarter since they floated on the market with an average revenue growth of 12.5% to 19% year-on-year. Dropbox's revenue for Q3 was $550.2 million compared to $487 million last year so an increase of 12.9%. We can also see a decent increase in Dropbox's free cash flow of 18.4% to $221.5 million in Q3 of 2021. + +# Expectations + +Going forward, analysts expect that Dropbox will see a 9.8% increase in revenue next year and a 6% increase in earnings. This doesn't sound like much, but it follows after one of Dropbox's best years so far. Plus, analysts keep pushing their expectations up, which, again, means that Dropbox is performing better than expected. That's important because that's what drives the share price up! There have been 7 Q4 earnings revisions in the last 90 days and all 7 of them have been upward revisions. There has also been 9 revenue revision for Dropbox's full-year 2021 revenue in the last 90 days, 8 of which have been upward revisions. Overall, this bodes well for Dropbox's performance. + +# Leaner operations + +Also, I've noticed something which a lot of investors and analysts are overlooking right now, but it is extremely, extremely important in my opinion. The operating expenses of Dropbox have barely moved since December 2019 while their revenue has grown by 26% and their free cash flow has increased by 80%. Lean operations are what good tech businesses are all about so this is a really, really big plus for Dropbox in my books. Dropbox has high gross margins, currently 81% compared to the 80% last year and improving operating margins with 29.3% right now versus 23.0% last year. + +# Founder is still in business + +Another bullish argument for Dropbox is the fact that the founder Andrew Houston still owns almost 30% of Dropbox. That's a massive stake and shows his commitment to the company even though he did sell 9% of his total shares on 17th Nov. That's his only sale in the last 2 years though. Founders having a big stake in the company usually means that the company is still in the growth stage and the share price still has room to grow. + +# Financial position + +Then, let's take a look at Dropbox's cash position. They are flush with cash, absolutely loaded! They currently have $1.93 billion in cash and cash equivalents which is more than their debt of $1.37 billion which means that Dropbox is in a really good financial position considering that they are also profitable. Plus, Dropbox is not actually paying any interest on its long-term debt! The reason why is because they raised money using convertible notes without any interest. Instead, those notes give the loaner the opportunity to convert the notes to shares of Dropbox at the price of $35.35 and $38.25 per share. So, what is Dropbox doing with its cash? Well, first of all, they have been buying back shares. In fact, Dropbox has managed to reduce shares outstanding by 8.6% since the start of 2020. Just during the last quarter, they've bought back $181 million worth of shares! Second, they're using that cash to acquire new companies to fuel additional growth. Acquisitions can be a double-edged sword sometimes, but Dropbox has made it work so far. As I mentioned before, Dropbox bought HelloSign in February 2019 and DocSend in March 2021. The two acquisitions boosted Dropbox's capabilities and now allow them to offer a complete, full suite of self-serve products to its users. + +Alright, I hope that by now we all have a pretty good understanding of what is the current situation with Dropbox. Two main questions now remain. One, is Dropbox trading at a good price. Two, what do we need to watch with Dropbox? + +# Valuation + +Let's look at the valuation first. Currently, Dropbox trades for a PE of 17.6 calculated using the adjusted EPS compared to the sector median of 25.3. Dropbox's forward PE is 16.5 which again lower than the sector median of 24.96. Finally, its PEG ratio is 0.53 and anything under 1 means that the stock is undervalued. The price-to-sales ratio of Dropbox is 4.66 compared to the sector's 4.08 and their forward price-to-sales are 4.36 compared to 4.14 so that's slightly higher than the median, but not by much. Dropbox also said that they expect $1 billion dollars in free cash flow by 2024, which gives us a forward price-to-free cash flow ratio of just 9 which is really, really good. Overall, Dropbox looks undervalued by several indicators right now. In terms of valuation, SimplyWallstreed gives Dropbox a fair value of $53.5 dollars based on its free cash flow. My personal EPS valuation of Dropbox gives me a more conservative figure of $40.2 dollars. Finbox's 10-year Gordon Growth model gives Dropbox an average valuation of $35.4 dollars which is near the analyst consensus of $34.5. Obviously, these are not precise targets, but the main point is that Dropbox currently appears really undervalued gives its current price of $24.7 dollars. The price of Dropbox surprisingly dipped 20% over the last 5 weeks which was strange. There was no actual obvious reason for it as Dropbox reported strong results and actually raised guidance going forward. To me, that's just a great opportunity to get a great stock at a discount! + +# What to watch with Dropbox + +Before we finish this off, I want to mention a few things that we need to keep an eye on with Dropbox. First of all, we need to monitor the number of paying users and the average revenue per user as we need to see steady increases there for Dropbox to justify the investment. If those numbers start to stagnate, it may be time to get out of Dropbox. Another figure to watch is the stock-based compensation. In 2020, the total stock-based compensation was $505.9 million which was more than the adjusted earnings of $409.1 million for the entire year! Dropbox is obviously no longer a startup, but it is still in a growth stage so that type of stock-based compensation is normal, but it's still good to keep an eye on it as it dilutes stock ownership. A lot of people have missed the fact that Dropbox has stock-compensation clauses for its CEO, Andrew Houston, connected to its stock price. More precisely, those stock prices are $30, $35, $40, basically on every $5 dollar increment so the more Dropbox's price goes up, the more stock-based compensation Andrew Houston will get. Finally, it looks like institutions are bullish on DBX, but a bit less so than before. The current put-to-call ratio is only 0.8 and that's up from 0.42 during the previous quarter. Essentially, a put-to-call ratio below 1 means that funds think Dropbox will go up. If that ratio goes significantly above 1, then that's one sign of bearish sentiment on the side of funds. Also, it looks like the institutional ownership of Dropbox has gone done from 84% in the last quarter to 76.6% right now. Personally, I think that's because Dropbox hit an all-time high in the latest quarter and funds took the opportunity to take some profits so I'm not that worried about the reducing ownership. + +So, that's all I have to say about Dropbox for now. What do you think? Are you bullish like me? +[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/x3byy4/drscomputershare_megathread_092022/) + +>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! + +🏴‍☠️ [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, +This is a post regarding a situation my wife has found herself in. She works for a private company in NYC and is an hourly 40hr per week employee. + +Her employer informed her this week that because employees were "overpaid" during May - July (the company received a PPP loan due to the Covid situation, so employees got paid for a full week even if they didn't submit full hours) any unused vacation days will be counted against the amount overpaid. + +So (using hypothetical figures) if she worked 34 hours and received full pay they say she now owes the difference, which comes out to an average of $700 a week. So in total she "owes" $5600 (I use quotation marks because I'm sceptical of their logic😂), and has $4800 worth of vacation time untaken. Hey presto, she now has no vacation time left, and will have the remaining $800 taken out of next year's vacation days. + +This seems not right to us. The companies excuse is that the PPP loan has not yet been forgiven, so they don't have the money to pay for vacation. Which is an understandable situation give the times we are in, but it seems like she has to pay them for her untaken vacation time. + +Is this a valid and lawful strategy by her employer, does anyone have any advice? + +Thanks. +Why is everyone freaking out about Cohen selling? He never had anything to do with this movement. + +The stock was heavily shorted in the $5-9 range and hedge fund brokers are sitting on hundreds of millions of dollars in losses and paying interest on it everyday. Last indicator I saw was 55% of the float was shorted as of yesterday. This was always the play and with the amount of option activity going on there is a real opportunity for a GAMMA ringer. + +Cohen selling changes none of this. Stay the course Apes! +My grandma passed away and had stocks in chevron. It wasn’t a retirement stock, but just an investment stock. When she passed I ended up taking over some of her stocks as I was part of the Will. I got about 600 shares and when she passed it was worth roughly 55k, now it is at 93k today. + +I never had stocks and don’t know what to do or the first step, any advice? +First of all do not shut down your brain, even if its a smooth brain. Do not trust anything unless the DD is crosschecked or do you own DD. Think if something makes sense, before you give your upvote! + +Lets dig into this post, how it's manipulative and how its statements just don't make any sense at all. + +[FUD, intentional or unintional, will never disappear until MOASS](https://preview.redd.it/evjz68dwrfl71.jpg?width=1107&format=pjpg&auto=webp&s=add8fce6d7d6d8b81657cba0fc6f70cae095c5ac) + +&#x200B; + +**Hard indicators of FUD/Manipulation:** + +1. The title: "Cannot give awards, WTF!!!" therefore the system is rigged and they try to prevent the truth from leaking out: +**Sign of Manipulation, Reddit has constantly issues** +2. The title: Call to action: "Try to upvote" (to see if it is working to see if it is working): +**Sign of Manipulation** +Upvote posts where you think the content matters +3. Awards where given pretty quick: In the first two hours not only received the posts an extreme amount of awards, but "general" comments without any value where pushed with multiple awards within the first minutes of the post: +**Sign of Manipulation** +4. The original OP of the comment mentioned that he received countless anonymous rewards: aka "DFV wants you to have this post seen".This can be used to pump FUD as well! +**Sign of Manipulation** + +&#x200B; + +Lets talk about the content and common sense! + +**Why the pushing dead stocks theory just does not make any sense** + +1. If you have shorts you don't own stocks, you owe them +2. If you have million of shorts - a rising share price creates margin pressure because you owe more +3. SHFs try to never cover their shorts - as Mark Cuban said +4. SHFs have millions of shorts which they need to propably roll over regulary and/or hedge properly or might even be forced to close them based on regulation +5. SHFs are long on millions of other stocks - they pump and dump them to get people to FOMO buy every day. +However dead companies like SEARS **cannot** be bought with most brokers (retail can hardly buy these stocks and why should they?) + +&#x200B; + +**Statements which make sense, but are somehow FUD nonetheless:** + +1. SHFs might try to never cover their shorts, but they only do this because it is cheaper, not because it is free. Cheaper to roll over the shorts constantly rather than to pay taxes: +**This does not mean, that they are not bleeding money by shorting actively traded stocks like GME.** +**They are bleeding constantly (Short interest, interest for the swaps, hedging) !** +2. MOASS can be triggered by the system itself because of margin pressure. +This might be true, but there are countless other ways how SHFs are forced to close their shorts: E.g. an issued NFT dividend. + +&#x200B; + +**TLDR: Do not directly trust everything you read on the internet.** + +**Just apply some common sense: An increase in price of a stock you shorted creates additional margin pressure.** + +&#x200B; + +Gonna go back to buy and hold for as long as it takes. +**For me personally it's: NO CELL, NO SELL** + +This is not financial advice as I am a smoothbrained banana loving APE. +I've been doing a deep dive into Doki and Azuki over the last several weeks, and I'm ready to put this forward as my #1 gem pick of the Spring. I'm going to break this post down into four parts: + +1. a short intro for why you should jump into NFTs if you haven't already +2. a quick overview of what Doki is +3. a deep-dive into how we should value the token // my price targets +4. all the reasons why the rocket ship is about to blast off whether you hop on or not + +# NFTs + +A quick google search will tell you all about what NFTs are and why people are excited about them. I'm here to tell you why you should throw your money into them even before you do that (but definitely take the time to do that, there's a lot of really exciting stuff going on) + +* The NFT sector of the crypto markets is growing fast, but it's still small. Really small. Trading volume on NFT platforms was only **$12 million** in December 2020, and last month it hit almost [$350 million](https://decrypt.co/59968/nft-mania-february-trading-volume-just-topped-all-2020). For comparison, monthly trading volume for the entire crypto market (spot & derivatives) is north of [$5 trillion](https://www.cryptoglobe.com/latest/2021/02/cryptocurrency-trading-volumes-nearly-doubled-to-new-highs-last-month-report/). That means the NFT sector, while growing fast, still make up well under 1% of total volume. We've got a long way to go. +* NBA Topshots did over $100 million in volume in its first 48 hours - how long do you think it will take for other major brands to pile in and start advertising NFTs to the masses? NFTs are going to bring the retail mania of this cycle. +* The total market cap of NFT projects is only $9.5 billion, according to [CoinGecko](https://www.coingecko.com/en/nft). That means, again, they make up under 1% of the market. Also compare the average 7-day performance of projects on that page vs. the top 100. +* [Twitter mentions](https://app.brandmentions.com/h/p/26431/%23NFTs) and [Google search trends](https://trends.google.com/trends/explore?geo=US&q=NFTs) for NFTs are skyrocketing. + +So there you have it. The best time to get into the NFT sector was three weeks ago; the second best time is now. + +# DOKI + +So what is Doki, and why is it special? At its core, it's a **community-owned, gamified NFT marketplace**. To understand it, you have to first know what a Gachapon machine is: + +Gachapon are physical vending machines that distribute collectible toys. They're huge in Japan (heh). Here's an [overview](https://japan.stripes.com/travel/not-just-toy-anymore-scoop-japanese-gacha-machines). Note that the article (published recently) claims gacha sales make up about 3% of the toy industry in Japan, bringing in nearly $3 billion annually. + +Doki Doki is the first decentralized Gachapon machine, built to distribute collectible NFTs. Users insert tokens to play (either ETH or their native game token, AZUKI) and spin the machine to get an NFT. Each machine contains a series from an artist/collaboration, with pieces of varying rarity. And that right there is one of the biggest selling points for both artists and investors - there's an aspect of chance each time you spin the game, so customers will play again and again to get the piece they want, or for a chance at a rare version. This is one of the reasons the industry has grown so much in Japan. + +# Why should I buy it? + +In my opinion, Doki is criminally undervalued. It's sitting at a market cap of $11 million **fully diluted.** The tokens are completely distributed (minus the 1% team allocation) so there are no private sale investors to dump on you down the road, no inflationary mechanics to dilute your equity. Similar NFT marketplace projects have market caps from $50 million into the hundreds of millions, and their tokenomics aren't as attractive as Doki's. Some numbers: + +* At the low end, let's look at GameSwap, an NFT marketplace project that doesn't have a working product yet (not even a prototype, actually). If Doki were to reach their marketcap, each DOKI would be worth **$623** +* For the high end, let's not even go too high. Let's look at NFTx, which has quickly grown to a $217 million market cap (there are 5 NFT projects over $1 billion already). If Doki was to reach their market cap, that would mean a price tag of **$4,393 per DOKI** + +But that's only half the story. It's the tokenomics of Doki that have me so excited. I like to invest in tokens that have clearly defined **cash flow**. And Doki's is extremely appealing: **15% of all revenue from games go directly to DOKI holders**. On top of that, staking DOKI is one of the only ways to generate the native game token AZUKI, meaning you get two sources of revenue from the token. Some projections: + +* If Doki were to capture just 5% of the NFT sector's current volume, that would result in a cash flow of: **$1.74 daily, $52.20 monthly** or **$624 annually per DOKI** +* If Doki did sales volume equivalent of just 10% of the physical Gachapon industry (just in Japan), that would generate an annual return of **$900 per DOKI** +* Month-over-month growth for the NFT sector is currently in the high triple digit percentages, so even conservative estimates for 2021 (assuming even just a 1% market share) puts up some really crazy numbers. + +Now the fun part: with traditional stocks, you calculate the value of dividend stocks using a model called the **Dividend Discount Model**. The formula is: + +>Value = EDPS / (CCE - DGR) + +Where EDPS is the expected annual dividend per share, CCE is the cost of capital equity (what kind of safe return you can expect elsewhere), and DGR is the dividend growth rate (how much should the dividend increase based on current earnings projections). Now, these variables don't all translate well to crypto, but just for fun - if we use the current price, the $624 annual dividend (based on 5% of current monthly NFT market volume), a 10% cost of capital equity, and a 5% dividend growth rate, we get **$7663** **per DOKI**. + +Sound pretty nutty? Think again. That's not even a 50x from current value, meaning it wouldn't even be in the top 10 of NFT projects *at current valuations*, in a sector of the market that's growing hundreds of percentages month-over-month. + +TLDR: $10,000 DOKI is FUD. + +# Ok, but why should I buy it now? + +Besides the fact that NFTs are blowing up and every project is mooning left and right, there are some specific catalysts that are going to propel Doki's price in the short-term. + +* [Doki is launching on Matic](https://medium.com/@dokidoki.finance/dokidoki-x-matic-gacha-on-l2-f795d6c0ea52) sometime in the next couple weeks. In fact, all of the contracts have been successfully ported already; the team is finishing up on the UI, so it could drop any day now. +* With the Matic launch comes a new website and a host of new gacha machines, with new artists and collaborations. Pranksy, one of the biggest names in the NFT space, is already confirmed. +* L2 launch will also bring a new marketing push. The team has been building out their sales force both in Japan and abroad, to bring new artists, brands and collaborators to the platform. +* The team has been teasing a whole new NFT-based project called ChainBinders. We don't know anything about it yet, but it will be part of Doki (no separate token), and it's been described as something "totally new that the NFT space hasn't seen before" +* There are rumors of a partnership with a *very* well-known Japanese brand, also due to be announced with L2 launch. These are just rumors for now, but word is it's a name most people know, even outside of Japan. + +Footnote: + +>Should I buy DOKI or AZUKI? + +They're both good buys right now, but I would personally go heavy on Doki, maybe 70/30 or even 80/20. Azuki will see a spike in demand with all of the newly launched machines, but Doki has superior fundamentals for the long run. Whereas Azuki is inflationary (to a cap of 40 million), Doki's supply is capped at 50,000. But more importantly, Doki holders get the cash flows mentioned above, whereas for Azuki, the only driver of long-term value is the eventual deflation from token burn (but you have to get through the inflationary period first) + +Relevant Links: + +[https://dokidoki.finance/](https://dokidoki.finance/) + +[https://www.coingecko.com/en/coins/doki-doki-finance](https://www.coingecko.com/en/coins/doki-doki-finance) +Okay so I got tired of saying this over the years but Citadel has nothing to do with GME options - nada, zip, zilch (apart from buying them for hedging purposes of course) + +The real culprits are as follows and whats really surprising is that this is probably the first time you’ve heard of wolverine trading anywhere on this sub, despite being THE LARGEST GME options MM. 2sigma similarly fly under the radar and also fuck Jeff Yass. + +https://www.miaxoptions.com/sites/default/files/listings/ListingsClasses.csv +Miax is 2sigma + +https://www.miaxoptions.com/sites/default/files/listings/MIAXEmeraldListingsClasses.csv +Miax emerald is Susquehanna + + CBOE which is by far the largest is wolverine trading: + +https://www.cboe.com/us/options/symboldir/equity_index_options/?sid=G + +No citadel anywhere. Now can we stop blaming mayo man for options losses please. + +Edit: So many downvotes on this post…. I knew there was a reason we dont talk about these MMs +Coinbase CEO, here. +I agree with the sentiment behind posts like this: +http://www.reddit.com/r/Bitcoin/comments/2wnspl/psa_youre_using_coinbase_circle_etc_wrong/ + +But it always pains me a bit since we *do* support storing your own private keys: +https://www.coinbase.com/multisig + +It's a fair criticism that our standard wallet doesn't support that. I shared my thoughts on this in our blog post when the multisig vault came out (scroll to where it says "How does this pair with the Coinbase Wallet?"): +http://blog.coinbase.com/post/101266587127/introducing-multisig-vault-you-can-now-control + +Basically you should treat your Coinbase wallet like a real life wallet, store a couple hundred bucks in there because it makes spending more convenient, but your life savings can go somewhere you have more control (our multisig vault or any other option). + +So why also have a Coinbase wallet (where we controls the keys) at all? The answer is that it makes spending bitcoin day-to-day easier, just like the cash in your wallet, for example: + +* you can pay for things with 2 clicks on web or mobile (without typing a password) +* you can do subscription or recurring payments in bitcoin like rent or NetFlix that auto-pay each month +* you can do the equivalent of "keeping a card a file" in bitcoin, for services like LaundryLocker (or Uber hopefully eventually) where it charges your account in the background as you use a service, i personally find this more convenient than approving every transaction (unlike a credit card, we give you the ability to limit the max amount the company can charge per time period, and revoke the company's access at any time) +* you can do off-blockchain micro-transactions for free which is great for tipping or other small transactions + +So for me I find it convenient to have the best of both worlds. + +It's also worth noting that although we offer a multisig vault where you control the keys, and a regular vault, the regular vault is more popular. Most people still prefer the convenience of not having to store their own backup keys, and trust us to handle the security better than they can themselves. The multisig vault is used by high net-worth individuals and institutions (hedge funds, etc) storing large amounts, and tech savvy folks who like more control. + +-Brian Armstrong +Hi all, I'm looking to invest £1000 into stocks and shares but am a bit lost where to start. I have an emergency fund, premium bonds and some money in crypto but looking to start a stocks and shares portfolio. I've seen vanguard mentioned a lot and trading 212. + +How do people choose what stocks/shares to invest in? Just a case of researching yourself? + +Thanks +**Preface:** + +Throwaway account for obvious reasons. I've been a lurker on this sub for years, but I don't think I've posted before. I'm also very aware of just how fortunate we are to be in this position. Apologies for the stream of consciouness / length of the below - my wife and I have spent a lot of time talking about this, but I've never written it all down until now. Slightly embarrased by how much I've rambled on. + +&nbsp; + +**Current Financial Situation:** + +My wife and I are in our mid - late 30s and own a flat in London with no mortage that is currently valued at approx £850k. I have recently received an inheritance of approximately £1m after tax. Prior to the pandemic I was earning approx £60-70k p/a, currently earning less. My wife earns approx £50k p/a. At some point (hopefully not too soon) we'll both benefit from further inheritances - myself a couple of properties at a total value of approx £1.5m (including a house that we see as our future long term retirement home) and my wife a property worth approx £750k. We also have SIPPs and S&S ISAs managed by a FA, but the amounts are somewhat negligble compated to these other factors. Probably £150kish in total. As I said, incredible fortunate. + +&nbsp; + +**Current Personal Situation:** + +The pandemic has given us the time to reflect on our lives and consider what we want for the future. It's also caused us to question our perspective on what we consider important. Prior to this all kicking off we were just mindlessly following 'the plan' - go to uni, get a decent job, advance up career ladder, earn more money, repeat. Never really considered what the end goal was beyond enjoying ourselves on weekends, taking nice holidays, and ultimately enjoying a comfortable retirement. Despite being aware that neither of us was particularly happy or fulfilled, we continued on because we were very much stuck in a loop. + +Upon reflection, we've realised that neither of us enjoy our jobs or current lifestyle. We live for weekends and holidays. We never want to do the rush hour tube commute again if we can help it. We're both sick of endless meetings, emails, deadlines, workplace politics, and all the bullshit that comes with management type positions. We've both worked for some terrible employers / bosses over the years, and we don't want to have our lives controlled like that any more. We've both realised we've been trading time and happiness for money, without ever really knowing why. We're also aware that many people do all of this with retirement in mind, and then don't get to enjoy it due to ill health etc so we're keen to mitigate this unknown risk. + +We've also fallen out of love with London. We'd like more space. We'd particularly like some proper outdoor space. We'd like to live somewhere that's less crowded, with less polution. Despite earning comparatively well and not having a mortgage, it feels like we're fighting against an ever increasing cost of living, and the price of property is just insane. The things that we missed the most during the various lockdowns weren't London specific - we missed going to the pub and to local restaurants. Not the theatre, not expensive inner London restaurants - just the basics. So why do we continue to live here and work jobs we dislike just to afford it? + +Now that we're in a position where we've realised this just isn't what we want to do anymore, we're questioning why we'd continue given our fortunate financial situation. We've come to the decision that having kids isn't for us, which further compounds this question. We've also realised that the majority of our outgoings are directly related to our current lifestyle and living in London - far too much money spent on convenience as we feel comparatively cash rich and time poor (taxis, ubers, takeaways, quick lunches at work, coffees). Too much money spent on nice meals / drinks out because we feel we've 'earnt' them working our miserable jobs. Essentially a combination of spending to make our lives easier, and spending on nice things because it makes us feel better about our day-to-day. Not to mention the health effects - stress for me, anxiety for my wife, the fight against an increasing waistline from convenience eating, too much alcohol etc. It all seems so pointless. + +Essentially, we want to find a better work / life balance. We want to be in control and work for ourselves, not someone else. We want more time to spend on the things that we actually enjoy. We desperately want a dog (or dogs) which just isn't possible with our current lifestyle. We want a quieter life that we can enjoy, instead of a fast paced life that's making us miserable - and we now feel like this is a legitimate option. + +&nbsp; + +**Our Current Thoughts:** + +Honestly, we feel a bit lost. We've never actively considered any other lifestyle, so we aren't too sure where to begin. Unfortunately our careers are in fairly specific sectors, so going it alone on our past experience isn't an option. + +Our first instinct has been to consider purchasing a lifestyle / home based business. We've initially been drawn to the idea of purchasing an existing holiday lettings type business - ie land with an owners home and a number of furnished holiday lets. My parents have friends who were in a very similar situation to us 20 odd years ago and went this direction and absolutely loved the lifestyle. Hard work on changeover days, but limited hours throughout the week. Essentially a semi-retirement. We've seen accounts for a number of businesses of this nature we could afford (approx £1.5m - we'd want to leave a buffer) and turnover seems to be in the region of £80-90k, with a net profit of £35-45k. Once we'd split this income for self assessment purposes, we'd be left in the region of £30-40k p/a combined income after tax as income from furnished holiday lets is exempt from Class 2 and 4 NI. We think that with no mortgage to pay and a naturally slower paced lifestyle / far less convenience spending this would provide a comfortable living for the two of us. We'd then still have an asset worth £1.5m to sell upon our eventual move from semi-retirement to retirement, which would go quite some way. + +However, when I remove myself from the lifestyle considerations and just look at the numbers on their own, I wonder if we could generate more than £30-40k income off of a £1.5m investment. Are there other options we should be considering? Other lifestyle businesses that we could look into? The attractive part is that this idea would provide a home as well as an income, but I naturally want to consider any other options before taking the plunge. + +&nbsp; + +**I'd very much appreciate any thoughts / some outside perspectives from this community. As a lurker I've always been impressed by the range of opinions offered on posts of this nature, and the reality checks that are often included. If you've made it to the end, thank you for your time and apologies if I've bored you with our first world problems.** + +&nbsp; + +**Edit: Thanks all for your comments so far. Just out having lunch, will respond to them all when we get home later this afternoon.** + +&nbsp; + +**Edit 2: I've spent a few hours replying to as many comments as I can. Unfortunately I've hit a wall and need to go sit on the sofa and watch some TV for a bit before bed. Will come back tomorrow morning to continue - thanks agains for all the suggestions and thoughts, it's truly appreciated.** + +&nbsp; + +**Edit 3: I've just realised I also have a few PMs. Will reply to those tomorrow too!** +I’m still relatively new to stocks and dividends and figuring this out. Apple makes up to much of my portfolio and I’m looking to sell to invest in etfs for long term. I’m just wondering if once apple announces dividends and they’re pending can I sell stock or do I have to wait till i have the dividend in my account to sell? +Been a long time investor in Disney stock, back when they had the dividend. As the stock went up these past two years, it slowly brought up my average as I DCA every week. Now I’m down 30% and have been holding all year long. This is one of my biggest losers. I honestly like the business models, brands, streaming, and the management is ehh, but I don’t see the stock making my money back for a couple more years. The dividend hasn’t been reinstated so I feel I’m not earning anything holding and I feel I could use the money from Disney and average down my more confident holdings like Costco and Microsoft. What do you guys think? +Not talking about emergency funds here. I have a family friend who absolutely **refuses** to put her money anywhere other than his savings/chequing. I'm talking well over 80k. No plans for a downpayment or anything. He's been like this for years and is doing fine with his family. Just seems like a waste to me.. +"Girls" posing as real people trying to lure you and offer stock advice. + +Last time the pumped stock was $YGMZ. + +Avoid, avoid, avoid. + +Feel free to check my post history for proof of this scam targeting Canadians. +So Currently my portfolio consists primarily of index ETF’s, namely VFV (40%), XIU (20%), and XEF (17%). The rest is within blue chip US stocks (AAPL, CRM, AON, RS, PG, ADBE, and WMT) and the Canadian semiconductor ETF ticker CHPS. + +I use Wealthsimple, and therefore stocks that I own on which trade on the NYSE are subject to a 1.5% foreign currency exchange fee for every buy and sell. In the long term, I am aware that this could massively effect my investment return. Therefore, I am trying to focus more on TSX traded blue chip companies / ETFs to add to my portfolio. Some companies that I have recently been looking into are CP Rail and Intact Financial Corporation. I am also considering investing in a big 6 bank ETF, potentially HCAL with its 1.25 leverage. I will also be converting my AAPL and WMT shares to the CDR hedged versions. + +I would like to be relatively overweight in the financial services industry, as I see it performing well regardless of poor macro conditions. This is why I have been looking at HCAL and IFC. I already have AON in my portfolio but it trades in USD. I would also like to maintain some balance with my exposure to commodities and industrials (RS) while potentially adding some North American tech exposure. Not so sure about O&G industry given its recent run and tough outlook considering my time horizon is over 20 years. + +The question I have is what Canadian blue chips can I add to my portfolio to achieve these goals? Are there any companies you suggest I replace my USD traded stocks with? Any strategies regarding gaining American exposure without the currency fees? + +Thanks +**Is there a way to instantly transfer funds from a chequing/savings account to my investment account?** + +I'm relatively new to investing, I normally use the "pay bills" function from my banking to fund my investment account but it usually takes at least 1 business day for the funds to show up, which kind of sucks in cases where a stock price drops on a certain day but I can't purchase until a day or two later. I bank with Tangerine and invest with TD Direct Investing if it makes a difference. + +Thanks in advance! +They absolutely initiated and inspired the movement to zero commission. They represent the competitive innovation of the free market. Now everybody else is following suit, and Robinhood has little competitive advantage. They’ll likely take a gigantic hit, all because everyone’s doing what they did first. +Armchair quarterbacks: + +Last weekend, my family took a local adventure and ended up at a really nice little beach. On a really nice warm and clear day we walked onto the sand, my wife and I took a seat, and the kids ran off to play. As we were sitting there, I decided to take the idea of a weekend/vacation home much more seriously. We've debated the idea of a beach or mountain place for a few years. Our incomes & NW clearly support it, but there was a value concern. + +Now, I'm getting serious about the potential purchase and am looking for perspective. Clearly, this won't come cheap. I estimate pushing my fatFIRE date out by a maximum of 2 years to pull this off. We will see how that really turns out when we get the place and see what the AirBnB income/expenses/maintenance start to look like, but for now, I'm planning for the worst. + +Here are the cost assumptions I'm working off of: + +* Planning on building a 2500 sq ft luxury home @ $250 sq ft = $625k +* Land cost = $300k +* Mortgage payment = \~$3500 @ 4&#37; +* Cash invested = $400k + +On the benefits side, the list is stacked. The biggest thing is the experiences of friends who have had a second home like this. They all talk about how much family time and memories come from their time at the cabin. In our case, I could imagine exactly the same. When we do an AirBnB or vacation like this, we always have a great time. + +Here are the anticipated benefits: + +* 1.5 hrs to the cabin make it accessible 365 days per year. +* I've always had a dream of building a home +* Kids are 3 & 5, so we still have a number of good years before they turn into monsters +* There is a lot to do in this spot: beaches, hiking, dining, ... + +All in, I know we can afford it, but it comes as a cost for sure. Here's our situation: + +* 40 & 41 yrs old +* 2 kids: 3 & 5 (not having more) +* Base & Bonus Income: $700k +* Unvested equity (3 yr vesting): $2M +* Assets: $6.5M +* Liabilities: $1.1M +* fatFIRE number: $10M +* current spending: $240k/yr + +Anyone pull the trigger on a second home? Please tell me your experience and family situation. Would you do it again? Did anyone build their dream home? How'd it go? etc... + +UPDATE: + +Thanks so much all for your thoughts. + +It is hard to argue with a lot of what has been said. Here's my take based on the feedback: + +* Location lock-in + * I'm fine with this as it is so close. It would be much more of a weekend home than a vacation home. I think we'd be there almost every weekend in the summer and once a month in the winter. Fall and spring would be somewhere in between. I don't think we'd get any more bored than we do of our primary residence, and it is definitely somewhere I would consider retiring. +* AirBnB/VRBO + * See above. + * Additionally, I think you get compensated for the abuse a place takes. Clearly this is dependent on a number of factors that drive the types of people, but most AirBnBs that I've stayed in are totally fine. I'm fine spending more money on maintenance and upkeep like painting and wall repair. In the end, it doesn't matter that much. We can afford it without renting, so if we find that it isn't worth it, I don't know how much that would change our decision. +* Hassle + * I'm living in a bubble right now on this one. I've lived in 2 new build places and find unplanned maintenance to be virtually non-existent on new homes (after the initial burn in). After that, we'll see. I'm fine with it for now as I like DIY and have no problem farming stuff out. +* Build vs Buy + * There are a couple of points here. First is getting something that is exactly what I want would be a huge bonus. I'm willing to go through the pain. I've done major renovations before (while living in the house), so I know the minutia that I'm signing up for. Second, the options available are really limited, so finding something that ticks enough boxes is a lottery ticket. I'm not closed to the idea at all; I just have a romance with building. +* Finances + * We can afford not to use it. We can afford not to rent it. I'm trying to balance the financial impact, lifestyle impact, and emotional benefits. I realize only we can make that choice, but I appreciate both the supportive and critical comments as they help me get to the heart of my decision making. +We retail probably own 200% of GME. This is far from over people. Yes they fucked us but they didn't take back 270 million shorted shares. They are still totally fucked. Totally fucked. This just isn't a USA issue. This is an internationally traded company with those shares spread into the hands of almost every nation on earth now! How the USA deals with this will have huge consequences if handled unfairly!!!! + +Do you think countries and people that have trillions, yes trillions, invested in wall street and the USA will just accept getting fucked on a free market? The USA government is inbetween a rock and a hard place and chances are the economy is fucked regardless. + +But pissing off the entire world and having them pull investments, sell USA Treasury bonds off etc is far worse then letting GME run its course properly. If they don't intervene the squeeze will happen and those that are holding will get paid and paid well. Wall street will take a beating so bad it will be called wall road, stocks will plummet in a sell off, but it will recover. + +Money will be invested, by the Americans that got rich off GME. They will lift the country back up. + +But if your government stops this free market and kills this, the world will see. They will sell off USA assets and bankrupt your country. Treasury bonds will be worthless, your stocks will crash through the floor while foreign investors sell off every USA holding they have. It will make the depression look good. There will be no recovering. + +You will lose the Petro dollar, people will stop selling oil for Treasury bonds that have propped your country up since 71. They will goto a fair and free market that won't Rob them and their citizens and their own citizens. This will destroy 100% of any confidence these people have in investing in your country. + +Why would any country continue to place trust in an economy that runs the world when it will manipulate the rules and Rob its own people, not to mention their people for financial gain? This is what is at stake, your economy, your future, your currency. Without the world using USA Treasury bonds to buy oil, and their faith in your fair and free market/capitalism system where anyone can make it rich, who will invest? + +This will literally show the world that the American dream is impossible, and erode all faith that anyone has in your free country. It will show them that it is corrupted and owned by the rich. End rant. + +Edit +Ironically if wall street payed.every asset out, 63 trillion in dttc or what ever it's called to GME holders, the capital gains would pay off the entire USA debt of 27 trillion. 40% capital gains tax + +Edit 2 +Math +270 mill - https://www.reddit.com/r/wallstreetbets/comments/lmagzp/today_interactive_brokers_ceo_admits_that_without/?utm_medium=android_app&utm_source=share + +109,459,544 - 156.94% (ex +https://fintel.io/so/us/gme + +Leaving 130 mil in retail hands 30 mil not part of stock market float. + +110 mil + 130 mil + 30 mil = 270 mil + +Edit 3 +USA Marine - If the SEC and American government don't do anything for the $GME situation, I'm liquifying every American Stock asset +https://www.reddit.com/r/GME/comments/lmoow4/if_the_sec_and_american_government_dont_do/ + +Edit 4 +#\#dumpthemarket +https://finviz.com/map.ashx?t=sec_all +It's been a year so it’s time for an update post as FIRE continues to get closer. I’ve met my initial goal net worth goal (originally $2m, currently at $2.5m). Now we just need to wait 2 more years until we’re retirement eligible from the military. We were at $2.7m at the beginning of the year, but you know how that's gone for everyone. Major financial events were selling a rental house last fall and buying a new primary residence a few months ago (details below). + +You can read previous annual updates here by clicking this [link and then continuing to follow the previous links.](https://www.reddit.com/r/financialindependence/comments/nu162f/military_couple_3_years_from_fire_goal_update/) I’ve been working towards FIRE for about 16 years and have been making progress updates on reddit for 6 years. + +The goal we’ve had is simple: maintain the same quality of life we’ve been enjoying, without having to go to work. The methodology I used was to look at our spending, then, consider whether each of our current expenses would remain in retirement, and if so, whether it would go up or down. I wanted to be conservative with my estimates, so we estimated on the high side if there was any doubt. + +**Current Ages:** + +* Me: 41yrs +* Wife: 39yrs +* Kid 1: 9yrs +* Kid 2: 6yrs + +**Income:** + +* Me: $147k +* Wife: $140k +* Rental Income: $14k (net) This is down from $30k in previous years. We sold one of our rental houses last fall. We had bought that house back in 2010 as a foreclosure for $215k and sold it for $305k. It was a 15 yr mortgage so we only owed about $30k on it so that money just went into the brokerage account for a while. +* Dividends: $8.8k +* Total: $309.8k (last year was $316.6k) + +**Savings:** We max out our tax advantaged savings accounts (TSP and Roth IRAs). We're no longer eligible for Roth IRAs, a big chunk of our military pay consists of tax free housing/subsistence allowances, so we got to use Roth IRAs longer than typical based on the overall income. We’re adding approx $109k/yr to various savings/retirement accounts. Pretty much all saving stops after we FIRE. + +**Current balances: (note: everything is in low cost index funds such as VTI, VXUS, VOO, C/S/I funds)** + +* TSPs (gov’t 401k): $984k (down from $1.078m) +* Roth IRAs: $338k (down from $365k) +* Taxable brokerage account: $514k (up from $383k) +* Emergency fund/Cash on hand: $60k (up from $30k) +* Coverdell Education Savings Accounts: $58k (up from $56k) + +**Life insurance:** No changes. $500k in regular/family SGLI (military) for each parent, plus separate $500k 30-yr term policies for each parent. The military insurance will go away when we retire, but the 30-yr term policies will go until age 63 or so. + +**Expenses:** + +* Fixed expenses: $8,341.61/mo +* Fixed savings: $9k (this is down from $10,661.60/mo) as no more Roth IRA, but it's offset by more money going to debt/taxable brokerage account. + +[**Historical Actual Net Worth and Debt**](https://i.imgur.com/fh5cpqG.jpg) + +**Current Net Worth: $2.5m** + +* 2012: +$130k +* 2013: +$194k +* 2014: +$110k +* 2015: +$39k +* 2016: +$177k +* 2017: +$247k +* 2018: +$102k +* 2019: +$367k +* 2020: +$418k +* 2021: +$541k (ended year at $2.7M) +* 2022: -$191K (down $191k, at the market low a couple months ago we were down about $350k -- advice to anyone is don't panic, just hold) + +**Current Total Debt: $806k (up from $397k)** + +* Rental House: 314k @ 3% left on mortgage (Property worth about $700k) +* New house/Primary residence: $467k @ 4.35% 5 yr ARM. We moved this year and ended up buying a house at the top of the market (or maybe not as prices have continued to edge up). We put 20% down and I went with a 5 yr ARM to minimize the interest rate as they were skyrocketing just as we started looking for houses. Figured the ARM didn't matter too much, if rates go up a ton and we actually stayed here after retirement, then we always have the option of just paying it off entirely. While it pains me to think $1700/mo is going to interest, renting was an even worse proposition in this area for the size/quality/neighborhoods we wanted. (Property worth about $600k) +* Car 1: $7k @ 2.75% +* Car 2: 18k @ 1.9% + +**Retirement plan:** + +Military pensions are equal to 2.5% \* yrs of service \* high 3 base pay avg. So, 20 years = 50% of your base pay. Based on our expected rank at retirement, this would be $63k each. This is inflation indexed and will adjust after retirement the same amount as social security adjusts. I'm actually going to go 20.5 years to maximize my pension (51.25% or so) while replacing 6 months of income history with my current higher monthly pay. + +**Assumptions:** + +* 3.25% safe withdrawal rate. We’d draw primarily from our taxable account first, then Roth IRA principle, and also set up a 72(t) distribution from our TSP funds which would allow us to access those funds prior to 59.5 +* My Military Retirement: $63k +* Spouse Military Retirement: $63k +* Retirement/Taxable Account Distributions: $71.5k + +**Retirement income (post-tax): $197k/yr** + +I'll sell the second rental house around when we retire. I had to sell the first rental house last year to start the clock on the 2 yr primary residence tax exemption. There's a special rule for military where if you moved due to military orders you have about 10 years to sell it and still get the tax exemption as if it was your primary house. However, you can only do that once every 2 years, and you can only pause the clock on one house at a time. It seems like it was a good time to sell. + +**Retirement house purchase scenario:** + +* Price: $700k +* Expected equity from rental houses: $489K +* Cash out: $200k (would rather put it in the market than have it locked up in my primary residence) +* Mortgage: $460k @ 5%, 30 yr (really don't know about this, if rates are high we'll just put more down) +* Payment w/taxes and insurance: $3,761 + +The biggest unknown we have is still not knowing where we want to buy a house and live. We’ve narrowed it down to a handful of states and have a house budget target of ~~$400-~~700k. My excel spreadsheet lets us easily make retirement projection calculations, so I can plug in house purchase prices, interest rates, taxes, insurance, etc., how much cash out I want. I also added projections based on my months to retirement for future contributions to our financial accounts. + +In the past I had planned to use the VA loan benefit and not put anything down if rates were super low and just invest all that rental house equity, that idea has pretty much been scratched now. One important consideration is getting the loan figured out prior to retirement. It seems mortgage lenders aren’t as interested in lending money if you aren’t working. My spouse will be working one year more than me and we should qualify on just that income. Worst case scenario we just buy a house outright and don’t get a mortgage. + +**Current Expenses (that carry over into retirement): No real changes here compared to last year. I'll admit I haven't tracked them as closely as I used to. I plan to do an in depth update on expenses at the end of the calendar year to compare how inflation has affected things.** + +|Categories|Sum of Annual Cost|Sum of Monthly Cost| +|:-|:-|:-| +|ATM/Cash Withdrawals|$2,411.20|$200.93| +|Automotive|$7,795.20|$649.60| +|Bills & Utilities|$8,931.00|$744.25| +|Entertainment|$191.88|$15.99| +|Food and Drink|$4,800.00|$400.00| +|Gas|$1,900|$158.33| +|Groceries|$12,000|$1,000.00| +|Health & Wellness|$360.00|$30.00| +|Home Maintenance|$2,630.00|$219.17| +|Insurance|$1,909.72|$159.14| +|Shopping|$7,000.00|$583.33| +|**Grand Total**|**$49,929.00**|**$4,160.75**| + +**Additional Retirement Expenses:** + +|Categories|Sum of Annual Cost|Sum of Monthly Cost| +|:-|:-|:-| +|Travel|$24,000.00|$2,000.00| +|Retirement House|$45,132|$3,761| +|Gifts|$6,000.00|$500.00| +|Healthcare|$6,000.00|$500.00| +|Entertainment|$6,000.00|$500.00| +|Food & Drink|$3,600.00|$300.00| +|Home Maintenance|$12,000.00|$1,000.00| +|**Grand Total**|**$102,726**|**$8,560**| + +Overall that’s $197k income, after tax is probably closer to $160k and $153k expenses for a small cushion. I'm pretty comfortable with that knowing my estimates are pretty conservative and we could easily scale back expenses or worst case get some side hustles going. The 3.25% SWR could also be upped if needed, albeit at a slightly higher risk. I've thought about this a bunch and considering the expected social security income at age 62, we'd probably be perfectly fine with a 5% SWR due to the guaranteed income from pensions/social security. + +**Common questions:** + +* **What about the kid’s college expenses?** Each of us transferred our GI Bill benefits to the kids. That pays for the highest in-state public university tuition cost plus a housing allowance and books/fees stipend. We'll continue funding the Coverdell education savings accounts until our retirement then let that money grow until they go to school. They should be able to easily afford college without needing to take on any student loans. Any excess funds from the Coverdell ESAs can be converted to 529 and transferred to a cousin. +* **Are you taking into account social security?** We’ll both start getting social security which would be an extra $2k month in today’s dollars. After doing the math, we’ll probably just take the money as soon as we can (age 62) even if we don’t need it since the break even point isn’t until our late 70s if we delay payments. +* **Why don’t you snag a high paying contractor job after you retire from the military and make bank for a few years?** Yes, we both have extremely marketable and in demand skills and could land high paying jobs post military. We’d rather spend our time with the kids/extended family though. We just don’t need that money. If asked, I’ll just tell people that I’m a high net worth financial advisor (true except the only client is myself). +* **Why not stick around in the military a few more years?** The military pension goes off your high 3 years of earnings and adds 2.5% per year of service. We’re planning to leave at 20 years (50%). Yes, we could get promoted again and then stick around 3 more years to increase that base pay/high 3 calculation. Sticking around 1 extra year would mean a 52.5% pension instead of 50% which would be an extra $300/mo. At the end of the day, it all comes down to whether or not we need that extra income vs the stress of being in the military (potential deployments/separation/long hours/etc). The bottom line is the military doesn’t define who we are and there are others capable of doing our jobs when we walk away. +* **What will you do to stay busy?** Kids, volunteer work, travel, extra curricular activities, go to the gym because we want to, start a garden/chickens/apiary, who knows. I do plan to spend some time at a coffee shop telling unsolicited war stories to young people at least one day a month. +* **Why is your healthcare budget so low?** As a military retiree, we’re eligible for Tricare retired. This is the same health coverage we currently have, but when we retire we have to pay about $600/yr for enrollment fees and minimal co payments ($20-$30 for a visit) with a catastrophic cap of $3.5k or so. This includes a good prescription drug benefit, but no dental/vision coverage. When we become eligible for medicare you automatically get swapped to medicare and Tricare For Life which is basically Tricare covering the 20% that medicare does not plus your same existing prescription drug coverage. Basically we'll have only the medicare premiums as our healthcare costs after age 65. + +tl;dr Net worth is now $2.5m. Plan is to retire in 2 years at the age of 43 with military pensions worth $126k/yr while using a 3.5% SWR to generate an additional $71k for a combined total of $197k/yr retirement income. +https://www.cnbc.com/2019/08/13/us-bonds-yield-curve-at-flattest-level-since-2007-amid-risk-off-sentiment.html + +The yield on the benchmark 10-year Treasury note was at 1.623%, below the 2-year yield at 1.634%. + +The last inversion of this part of the yield curve was in December 2005, two years before a recession brought on by the financial crisis hit. + +A recession occurs, on average, 22 months following such an inversion, according to Credit Suisse. +⚠️This is not a shareholder event⚠️ + +Here is the link to view what is on the planner to happen⬇️ + +http://meeting.gamestop.com/US_Conf/Conf_Vendor_Agenda.htm + +Looks like we will be getting to hear from our CEO Matt Furlong and also get some news on the future ‘vision’ of the company🚀🚀🚀🚀👀 + +Have a look for yourself on the other plans but my tits are always jacked for gametop doing something🚀 + +TO THE FUCKING MOON 🚀🦍🌕 + +TADR: +Gamestops hosting a virtual event September 14-16th (idk how we havent heard of this yet...) +So first off, I'll say that I don't know anything about investing or stocks or anything before this problem happened today. + +Basically, my dad has been putting our life savings into e-trade and said that he's making us a lot of money and that we're set for life. I had no idea what he's talking about and he's my dad and I'm a minor so I just listen to what he says. + +Today, he came downstairs with a very stressed look on his face saying that e-trade closed his account and all our savings are gone. This is absolutely devastating for our family and especially my mom who worked real hard for that money. + +So my dad says etrade called him up and it was about a margin call or something like that. They were asking him to put more money into that account and my dad wouldn't. My dad started arguing his position and basically lost his temper. So I guess etrade closed his account and we lost everything. + +Now, can someone explain to me what happened? What can I do to help my family? Is there anyway to get the money back? We're really poor and my dad's an idiot but I don't know how to get him to stop doing this. + +**UPDATE:** +hey guys, im back. i have a bit of an update. my dad's okay now. he's trying to explain what happened and he's using the scam excuse. i dont believe him but he doesnt like to be wrong. he says he'll get a lawyer or report etrade to the SEC and im just nodding along with him and trying to make him feel better. no use arguing with him over what i know now as it'll only make things worse. +But, i did ask him for our etrade username and password so i can go into the account. but i dont know how to read it. how do i save it in a way that i can get you guys to analyze it for me? +1. [https://www.cpb.nl/sites/default/files/omnidownload/MEV2020%20H1.pdf](https://www.cpb.nl/sites/default/files/omnidownload/MEV2020%20H1.pdf) +2. [https://www.credit-suisse.com/media/assets/microsite/docs/investment-outlook/investment-outlook-2020/investment-outlook-2020-en.pdf](https://www.credit-suisse.com/media/assets/microsite/docs/investment-outlook/investment-outlook-2020/investment-outlook-2020-en.pdf) +3. [https://www.fundresearch.de/fundresearch-wAssets/partnercenter/robeco/docs/robecooutlook2020.pdf](https://www.fundresearch.de/fundresearch-wAssets/partnercenter/robeco/docs/robecooutlook2020.pdf) +4. [https://www.bluebay.com/globalassets/documents/bluebay\_global-investment\_outlook-2020.pdf](https://www.bluebay.com/globalassets/documents/bluebay_global-investment_outlook-2020.pdf) +5. [https://pressroom.vanguard.com/nonindexed/Vanguard\_Global\_Economic\_Market\_Outlook\_2020.pdf](https://pressroom.vanguard.com/nonindexed/Vanguard_Global_Economic_Market_Outlook_2020.pdf) +6. [https://www.invesco.com/us-rest/contentdetail?contentId=63ed9e0893b97610VgnVCM1000006e36b50aRCRD](https://www.invesco.com/us-rest/contentdetail?contentId=63ed9e0893b97610VgnVCM1000006e36b50aRCRD) +7. [https://www.ubs.com/content/dam/assets/wma/us/shared/documents/year-ahead-2020.pdf](https://www.ubs.com/content/dam/assets/wma/us/shared/documents/year-ahead-2020.pdf) +8. [https://www.bnpparibasfortis.com/docs/default-source/newsroom-documents/2019-11-28-economic-outlook-2020\_finaal.pdf?sfvrsn=6](https://www.bnpparibasfortis.com/docs/default-source/newsroom-documents/2019-11-28-economic-outlook-2020_finaal.pdf?sfvrsn=6) +9. [https://static.vgcontent.info/crp/intl/auw/docs/resources/vemo\_2019\_summary.pdf](https://static.vgcontent.info/crp/intl/auw/docs/resources/vemo_2019_summary.pdf) +10. [https://www.swissre.com/dam/jcr:60421a3b-f246-4718-8374-f4170d52b492/global-economic-and-insurance-outlook-2021.pdf](https://www.swissre.com/dam/jcr:60421a3b-f246-4718-8374-f4170d52b492/global-economic-and-insurance-outlook-2021.pdf) +11. [https://www.ssga.com/library-content/pdfs/insights/gmo-2020-article.pdf](https://www.ssga.com/library-content/pdfs/insights/gmo-2020-article.pdf) +12. [https://media.rbcgam.com/pdf/gam/global-investment-outlook.pdf](https://media.rbcgam.com/pdf/gam/global-investment-outlook.pdf) +13. [https://privatebank.barclays.com/content/dam/privatebank-barclays-com/en-gb/private-bank/documents/news-and-insights/2019/november/outlook-2020/outlook-2020.pdf](https://privatebank.barclays.com/content/dam/privatebank-barclays-com/en-gb/private-bank/documents/news-and-insights/2019/november/outlook-2020/outlook-2020.pdf) +14. [https://am.jpmorgan.com/blob-gim/1383650734219/83456/JPM2019-09%20MI\_2020Outlook\_112719.pdf](https://am.jpmorgan.com/blob-gim/1383650734219/83456/JPM2019-09%20MI_2020Outlook_112719.pdf) +15. [https://am.jpmorgan.com/content/dam/jpm-am-aem/emea/regional/en/insights/market-insights/mi-outlook-december-2020-ce-en.pdf](https://am.jpmorgan.com/content/dam/jpm-am-aem/emea/regional/en/insights/market-insights/mi-outlook-december-2020-ce-en.pdf) +16. [https://www.research.unicredit.eu/DocsKey/economics\_docs\_2019\_175295.ashx?M=D&R=74770732](https://www.research.unicredit.eu/DocsKey/economics_docs_2019_175295.ashx?M=D&R=74770732) +17. [https://www.zurich.com/-/media/project/zurich/dotcom/industry-knowledge/economics-and-financial-markets/docs/economic-and-market-outlook-2020-fasten-seatbelts.pdf?la=en](https://www.zurich.com/-/media/project/zurich/dotcom/industry-knowledge/economics-and-financial-markets/docs/economic-and-market-outlook-2020-fasten-seatbelts.pdf?la=en) +18. [https://www.amundi.com/globaldistributor/ezjscore/call/ezjscamundibuzz::sfForwardFront::paramsList=service=ProxyGedApi&routeId=\_dl\_NzQzYmFkMTNlMmE2NjRlOWQ3ZjNhMWJkZTY5YWVmNWM\_inline](https://www.amundi.com/globaldistributor/ezjscore/call/ezjscamundibuzz::sfForwardFront::paramsList=service=ProxyGedApi&routeId=_dl_NzQzYmFkMTNlMmE2NjRlOWQ3ZjNhMWJkZTY5YWVmNWM_inline) +19. [https://www.assetmanagement.hsbc.com.sg/-/media/files/attachments/common/investment-outlook-2020-b2b.pdf](https://www.assetmanagement.hsbc.com.sg/-/media/files/attachments/common/investment-outlook-2020-b2b.pdf) +20. [https://www.cambridgeassociates.com/wp-content/uploads/2019/11/Outlook-2020.pdf](https://www.cambridgeassociates.com/wp-content/uploads/2019/11/Outlook-2020.pdf) +21. [http://docfinder.bnpparibas-am.com/api/files/9E69C0FA-D509-4C31-9FA7-4A6D1F4584F7](http://docfinder.bnpparibas-am.com/api/files/9E69C0FA-D509-4C31-9FA7-4A6D1F4584F7) +22. [https://www.generali-investments.com/wp-content/uploads/2019/12/outlook-2020-1.pdf](https://www.generali-investments.com/wp-content/uploads/2019/12/outlook-2020-1.pdf) +Hi, + +We normally talk about 3-4% SWR and an 80/20 portfolio allocation. Drawback: most data is based on US markets, which are among the more stable ones. + +I have done a little study on the _swedish_ stock market during the past 146 years, to see how a 100% stock allocation would have performed in real terms. I have plotted all possible retirement periods from 1870 onwards in the following graphs. Comments are located within the images. + +EDIT: Added 75/25 and 50/50 stock/bond allocations. Added black color to represent "going bust". + +Here is an example on how to read the graph: + +[Retirement periods from 1970, 3% SWR, 100% stocks](http://i.imgur.com/ZWKrkvV.png) + +100% stocks|75% stocks, 25% bonds|50% stocks, 50% bonds +------------|------------|------------| +[Introduction/legend/returns only](http://i.imgur.com/ohiX2On.jpg) | [0% WR, 75/25](http://i.imgur.com/21V0a6R.png) | [0% WR, 50/50](http://i.imgur.com/ixanVul.png) +[1% WR](http://i.imgur.com/faXRpSA.jpg)|[1% WR, 75/25](http://i.imgur.com/kgx3J1z.png)|[1% WR, 50/50](http://i.imgur.com/WSrbTml.png) +[2% WR](http://i.imgur.com/SOQybj7.png)|[2% WR, 75/25](http://i.imgur.com/0rtyCYW.png)|[2% WR, 50/50](http://i.imgur.com/o3Ir00X.png) +[3% WR](http://i.imgur.com/zqIpoZL.png)|[3% WR, 75/25](http://i.imgur.com/EJu0fiq.png)|[3% WR, 50/50](http://i.imgur.com/icW4Cuk.png) +[4% WR](http://i.imgur.com/cWpPRPI.png)|[4% WR, 75/25](http://i.imgur.com/FPzXGNM.png)|[4% WR, 50/50](http://i.imgur.com/Q1ZE3LF.png) +[5% WR](http://i.imgur.com/Fx0r9XW.png)|[5% WR, 75/25](http://i.imgur.com/C5CNxEY.png)|[5% WR, 50/50](http://i.imgur.com/UUjNjQN.png) +[7% WR](http://i.imgur.com/I4emSHX.png)|[7% WR, 75/25](http://i.imgur.com/7ZWvhxJ.png)|[7% WR, 50/50](http://i.imgur.com/e7IiX41.png) + + +100% stocks are an unrealistic high amount -- as can be seen in the pictures, the harsh stock markets of the first half of the 20th century meant that even a very low SWR could fail, some even at 2%. This strengthens the argument that you should most definitely have a bond allocation. + +Most cohorts "survive" 3% WR at 30 years, for example -- but not all, and the odds become worse for longer holding periods. And while a 4% SWR while being 100% invested in swedish shares would actually seemingly work _most of the time_, the risk of eventual failure is rather high. + +Let me know if there is any interest of other simulations using this data. I find it interesting to see data from outside the prevailing US markets. + +A little note, adding bonds to the mix reduces volatility, but for a high (risky) SWR, you need to be heavy on stocks to survive long-term -- there are more long-term failing cohorts in 50/50 4% SWR than in 100% stocks. + +EDIT: [US market charts available here](https://www.reddit.com/r/financialindependence/comments/6p8b66/a_study_of_100_stocks_and_fire_usa_18712015_17/). +In March 2020, I got furloughed and as many others, I got into the stock market after the crash. Something I'd been meaning to do for a while but never really knew about it. + +All went well at first, I was very cautious and read up on every stock and took every opportunity to learn safely. I made my first few green days and got confident with learning further. The goal was to slowly tick over some extra money for the future as savings rates became unattractive. + +April & May clocked by and I went in & out of oil and experienced the crash of oil to a negative value. Luckily I never really got burned too badly. I had at least learned to stay away from the commodity itself and buy in when stocks dipped deep. I made a good £200+ + +End of May rolled around and this was the start of it... After looking at it, thinking it was overvalued and listening to too many ill advised people predicting it to crash.. I shorted Zoom at 135-175.. Thinking it would be a quick trade in & out.. needless to say by their earnings, they broke through upwards past 200. If I had taken the loss here it would've been around £200... + +..but I didn't. As a noob I decided that taking any loss was a bad final decision, I should hold it and so I extended my stop loss over and over again. This went on for weeks then months. By this point I was back in work, fixed to NYSE opening time for daily volatility with alarming addiction... It's safe to say that by this point I'd lost control and this was on par with gambling. + +&#x200B; + +**It's only now that I can clearly see how far I fell out of control.** + +I held Zoom from End of May up until Tuesday 1st Sept this week where I lost over £4000 (roughly 30%+ of my savings) as it had jumped from my stop loss at 330 to 440+ overnight and I lost all confidence of a ceiling in the stock. Basically my choice was to accept the loss or commit further cash to a potential tesla skyrocket. I could not risk any more capital. A harrowing decision that brought me to rock bottom. + +I'm sure this may not age well as the stock plummets yesterday, today and potentially tomorrow.. but it's too late for me, I had to make a choice and I got burned. Everyone's an expert in hindsight but at the time nobody believed 200, 300 and now 400 so.. believing the stock could go higher wasn't too unrealistic. + +I'm not rich and it took me a good year to build that amount of savings...It's the first time I've felt suicidal and I hope this group welcomes my effort in dealing with my financial grief by warning others to be cautious. I think this is part of my recovery process and I'm very lucky to have a partner who's supporting me through my stupidity and thankful I never committed more cash to the bonfire. The hardest part is knowing I could've spent that on something beneficial but now it's gone, just gone with nothing to show for it. + +Be careful & cautious. You'll never think it's you that becomes one of the percentage the apps warn about. If you invest just use vanguard, if you must trade, set good stop losses & stick to them and stay away from leverage. + +**TLDR** Noob spiralled out of control trading and lost a fortune. Be very careful using etoro/trading212 etc. + + +EDIT: I just want to say a big thanks to all the supportive comments on this thread. I was obviously in a very bad place when I wrote this. It is obviously still a painful thing to look back on but it is just money in the end of the day and I still have my health. I'm glad people online can be kind to one another and I'm proud to be a part of this community. +Long time lurker here, first time poster. First, I want to start off by saying I am extremely fortunate to be in the situation I am already in. I have worked very hard to get here, but there is always an element of luck in success. +&nbsp; +**Professional Background** +I am a personal injury attorney in Los Angeles. I have been practicing almost ten years and have had my own firm for about five now. My annual net income progression since I've gone solo has been 300K -> 600K -> 800K -> 1.2 Mil -> almost 1 mil so far year to date (Jan - April 1, 2018). One aside is that personal injury is the type of practice area where quality of cases really matters in terms of value. One brain damage case with a commercial policy behind it could be worth more than 200 minor impact rear end cases. That means although my caseload has been growing every year, and although my income has gone up every year, it wouldn't be unreasonable to believe I could have a year where I net as little as 200k or one where I make as much as 5 mil. +&nbsp; +One of the reasons I am so profitable is that I have very low overhead. I currently have two full-time paralegals and one part-time paralegal and my monthly business expenses are about $15,000. I do no paid marketing/advertising and I share office space with a friend who let's me use it for free as long as I bring him in on some good cases every now and then (for example I brought him in on a case we settled for 500k last year). My only real expenses are payroll for my staff, malpractice/work comp insurance, postage/office supplies, gas/car lease, and internet/phone. + +&nbsp; +My wife (who I've been with 15 years) is an in-house attorney at a fairly large company. She makes 120K a year + 15% bonus. She gets good benefits including health insurance for our family, 5 weeks of vacation, and she can work from home 3 days a week. It's a good COL job, especially since we have a 9 month old baby. + +&nbsp; +**Monthly Expenses** +Our monthly expenses would probably be considered very low based on our income (we pay our cell phones, cable, one of our cars, car insurance, and most gas through the business). I am also very fortunate that I married well. My wife works, is not a big spender and rarely shops. Even when she does she is frugal. She doesn't buy luxury items and is just as happy shopping at Target as anywhere else. + +&nbsp; +Our hobbies for the most part are also cheap. I like shooting at the range, video games, hitting the gym, Brazilian jujitsu, movies, and reading. My wife's hobbies are fairly similar. We spend almost all of our free time together and just enjoy hanging out at the house gaming or watching Netflix. We have a very large group of friends, and most of what we do with them is go to movies, have game nights, drink and hit the hot tub at our house, and do potlucks. So we really aren't spending much at all. + +&nbsp; +The only expensive vices we have are travel and eating. We usually do one or two meals a month that are a couple hundred dollars, and we take at least one international trip a year. But even when we travel we usually spend less than 6k on a trip (we fly coach, we stay at nice but moderate hotels, and we like doing most of the leg work of planning our own trips). We spend the exact same making over a million as we did making 300k. + +&nbsp; +Here are the big ticket items in our monthly budget (we probably spend about $8,000 a month): +* Property tax/insurance/HOA fees - $2,000/month (we bought our house for 1.1 million and paid it off last March) +* Daycare/food/diapers/toys - $3,000/month +* Food/Entertainment - $1,000/month +* BMW 3 series lease - $390/month +* Utilities - $500-700/month (we have a fairly large house and pool) +* Son's 529 Account - $750/month + +&nbsp; +**Assets** +* Paid off House - $1,400,000 (it's gone up since we purchased it) +* House Rented to MIL - $300,000 (we bought the house for 575k and it's worth about 675k now. We put 200K down and let our MIL live there as long as she covers the mortgage. In exchange she babysits for us as much as we need and she is building equity in the house for us. Downside is we don't get cash flow). +* My SEP IRA - $300,000 (50% in cash/50% vanguard target retirement fund) +* My old Roth IRA - $80,000 (fully invested in a vanguard target retirement fund) +* Wife's company 401K - $130,000 (fully invested in a fidelity target retirement fund) +* Cash - $190,000 (but I have about 950K sitting in my business account right now in pre-tax dollars) + +&nbsp; +**GOAL** +As much as I know I am fortunate to be in my financial position, my family and free time is the most important to me. I realize that I could probably sell my house and move to a low COL area and retire now. But that is not really what I want. I live 15 houses from the house I grew up in (which is important to me) and decades of family/friends live within a couple miles of me. I also want to have enough money to put my kids (we plan on having a second) through college without them having to take out loans. + +&nbsp; +Right now I am accumulating cash at a crazy fast pace. I decided that I will do this for another 5 years and then find another lawyer to run the business while I take a semi-retirement. Maybe I'll do 20/hours a week rainmaking and doing administrative stuff. The reason I say 5 years is because that's when my kids will be old enough to start really traveling and doing a greater variety of things (sports, video games, movies, etc). Don't get me wrong, I spend almost all my free time with my wife and son right now, but I work 60 hours a week doing what I'm doing and I would like to spend more time with them. + +&nbsp; +Right now the real estate market is insanely high, the stock market is insanely high, and I am sitting on a significant amount of cash (and it is likely that will continue to grow). My goal is to have enough passive income by 38 that I can support my family, put my kids through college, and not have to work if I choose not to. My wife likes her job and would most likely continue to work. + +&nbsp; +I'm really not sure what to do with all my good fortune. I don't want to shove it in to real estate or stocks because I feel like a crash is imminent, and I don't want to sit on that much cash because inflation will just continue to eat at it. The only money I am constantly investing right now is the 54K I put in to my SEP every year (split into 24 bimonthly contributions), and the 18K my wife puts into her 401K every year (split into 24 bimonthly contributions). Everything else is just kept in cash. + +&nbsp; +I am grateful for any helpful advice you will bestow on me. + + +Assuming you have one of course, few questions: + +1. How often do they come? Ie once a week biweekly monthly +2. How big is your place? Ie 3br 1800 sq feet +3. How much are you paying them? +4. How long does it take? +So i bought a 30day 18$ "call option" (still not sure why it's called that) on SPCE the other day. It cost $150.... fine. + +I think the stock was around $17.25 a share at that time. + +So it says "break even price $19.50" ... fine. Makes sense - +1.50 x 100 = 150$ + +Today the stock is at $18.80 & it says my option is worth $310 !? + +Why isn't it worth .80 x 100 = $80 ??? I'm nowhere near the break even price, so why is it allowing me to sell it for a $160 profit? +Hey guys, well I've been struggling on getting the concept of what does having an edge really means. I couldn't kinda translate it to my mother language. So, I'm looking for help and for some kind souls to explain me as detailed as possible, like if I was 7 yo. + +Sorry if it's considered a silly question, and thanks in advance. +Below is my trading journal from trading TQQQ/SQQQ shares this morning. I'm on mountain time. As of this posting I'm up $415 for the day, and I've some how correctly guessed every trade correctly by reading price action. Over a longer period of time I'm a profitable trader, in the last 2 months I'm up $16k. But every single day, all day long, I'm gripped by fear on every trade, unless it goes my way straight away. As you can see in my notes in my journal here, I get out of every trade because I was afraid to keep holding. I don't necessary think my trade amount is too big for me as my total account is quite a bit larger and I'm overall profitable in the last 2 months. Anyway, thoughts? + +https://preview.redd.it/8ww90lrza5z91.png?width=745&format=png&auto=webp&s=ae56b91065d645c18ea95df60d9ba1fcff869224 +[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/xxh13d) 🎃🐦 + +>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! + +🏴‍☠️ [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/) +I've been trying to explain GME to some people and have been using this analogy. Feel free to use, abuse, and modify. + +GME is like an oversold flight. When airlines overbook a flight, more people show up needing a seat than are available. The airline then asks for volunteers to get bumped and offer various incentives (usually money, points, a voucher for another flight, a hotel stay, etc...). + +What happens though when every seat is double-booked? Obviously half the passengers need to be bought out! (Extra planes aren't easy to come by and GME isn't issuing any more shares.) When the passengers realize this, they understand they're in control of the price. The airline must offer increasing incentives until half the passengers are bought out. + +GME is even more oversold with multiple planes worth of extra seats sold. The crazy part is they're still selling tickets! + +Personally, I think this plane is going to Hawaii *via the moon*. But even if you don't know or care where this plane is going, you can buy a ticket *just to be bought out* because that's how the system works. All shorts must ~~cover~~ close before takeoff because a plane only has a set number of seats. + +In case you need a dictionary: + +Seats: Real shares of GME. + +Airline that overbooks seats: HFs & MMs who short sold shares. + +Incentives: Extra profit you make from eventually selling your shares. + +Hawaii: Success for GameStop as a business. + +Credit to u/loggic, u/whitnet1, u/laflammaster and others who contributed during our discussion. Also credit to u/Bobloblawblablabla for suggesting close instead of cover. + +Edits: "Close" -> "Cover" (credit u/Bobloblawblablabla). And added the moon as a stop on the way to Hawaii. +Long story short, some people in the chain pulled out over job security which caused everyone to pull out. + +Cannot recommend homebuyers instance enough (we used Surewise). Ended up saving us around 500 pounds as we got back money from a homebuyers report as well as some non refundable searches the solicitor. + +All of this has made us realise that a 2 bed with no garden in London is maybe not the way to go, so at least some good has come out of it! +Market cap: 5M + +Curious to hear the community's thoughts on OPT. Solid team and huge market to dive into. +https://opus-foundation.org/ + +Edit; MC 6M https://etherscan.io/address/0x1426c1f91b923043f7c5fbabc6e369e7cbaef3f0 + +Let's be real - You likely had no interest in utilizing the BAT token for advertising. You wanted to make money off of it just like everyone else. The whales wanted to make money off of it - and they also invested more money than BAT token cost to make sure they were ahead of you in line. + + +Don't complain about the fact that people can pay higher gas prices to have their transactions validated/mined quicker - you'd be arguing against one of the core functions of the blockchain/ethereum. + + +If you're complaining that this group's ICO didn't create a system in which everyone who wants to invest can invest... why should BAT have done that? For what reason would they disincentivize investment? If they had capped purchases for each individual, they would have had a higher likelihood of not meeting their minimum, resulting in a refund. The Ethereum Foundation's leader, ideals, integrity, and dedication are unique. Businesses trying to get funded via an ICO are not - They want to succeed as a business, and that requires a viable product, and capital. Period. + +Instead of whining about it on the internet, and calling everyone who disagrees with you a slur, the 'non-whales' of the world need to figure out a way to get to the front of the line, next time. I didn't get to invest either, but you don't see me complaining. + +I'm trying to work out how I might be able to make it in to the first block. +It seems that Bitcoin traders like to refer to Ethereum as "The Other Coin" to avoid using its name. (Because Ethereum is censored on Bitcoin subreddits?) + +In celebration of this, I have registered http://www.theothercoin.com and pointed it to ethereum.org + +(and also http://www.thatothercoin.com) + +(So you can now refer to this site in all communications to Bitcoiners on their subreddits to avoid getting censored. At least for a little while until they catch on?) + +Cheers! +I got to thinking last night while laying in bed that the world had really gone to sh!t ... + +I've been alive for almost half a century now and have never seen the world like this. I hate to say, but I feel more and more like George Carlin's quote "Just sit back and watch the freak show folks ..... There is no hope!".... + +I mean with inflation, divisiveness, covid, labor shortages, supply chains, China, Russia, war etc.... + +I really feel like we are in for some real pain in the coming years, especially in the market. + +I used to think "Oh it'll all turn around in a year or so and we'll be off to new highs", but I'm feeling like more and more we're just going to be in the same churning market for at very least through 2024. + +I just don't see anything in the macro getting better for at very least a couple more years and maybe even 5. + +I think the Ukraine thing is just gonna get worse and worse and theres no way the market will go higher with that situation. + +Then there's China .... + +In my 46 years I must say that from late 2019 till now the world has been a real "shipshow"! + +So does anyone see a new bull any time soon or am I right in thinking maybe 2024 at earliest? + +I hate to admit it, and I'm no expert by any means, but I could see us between 2500 and 4200 for 5 more years .... + +Please tell me I'm wrong .... +1. Stay calm +2. Check price - is it in the millions? No? Apes aren’t selling. I’m not selling +3. Check volume and OBV - do those indicate people are selling? No? HODL +4. Check MACD - has it crossed back over? +5. Check the rest of the market - is it bleeding or heavily bled out already? Negative beta is a biatch isn’t it? +6. Does citadel, Melvin, et all still exist? No? Work here not done. +7. Have I seen a glorious peak to at least 69,420,000? Could X share holders achieve life changing sell prices at current pricing? No? Wait a little longer +8. Is price now falling toward my previously established sell points? Yes? Consider selling a few shares + +Edit: holy crap - thank you for the awards. Y’all are crazy. Spend your coins on stonk +Hi, for some background to my unique work life at a start up. I (21 M) run a a youth MMA gym and my boss/mentor and the start up capital and owner of the studio has been training me to take over our and operate the school. + +He taught me how to sell, manage members, teams, financials, marketing, and network with the chamber of commerce. + +He recently offered to buy my car (that I almost exclusively use for business purposes) off of me and give it back to me as a company car. Any suggestions on how to do this? +Dentacoin released partner clinics but they could be backtracked to the same adress in Bulgaria, because some Bulgarians bought them... most likely from ICO money. + +All different Dentacoin partners (dental clinics) had brand new websites with fake facebook and used the same CMS with the same admin mail.... one in UK and one in the US used exactly the same layout profile but according to Dentacoin they had no connection to each other.... + +Tried to point this out at their reddit... instead of an answer: + +You've been temporarily banned from participating in r/Dentacoin + +subreddit message via /r/Dentacoin[M] sent 8 hours ago + +You have been temporarily banned from participating in r/Dentacoin. This ban will last for 999 days. You can still view and subscribe to r/Dentacoin, but you won't be able to post or comment. + +Proof for me its 1000% scam otherwise they would just need to deliver counter arguments... +In short Bulgarians buy dental clinics from ICO money, try to sell them as independent partners to the public and fake a partnership adoption of their coin. In the end: worthless coins - coin inventors with many clinics through sub-contract firms... + +EDIT Response to debunk attempt by DNC: https://www.reddit.com/r/CryptoCurrency/comments/7qu0qt/dentacoin_scam_reddit_ban_for_3_years/dstfvf8/?context=1&st=jcj7vp3x&sh=65348bf6 +Hi there, any good recommendations for REITS to hold in TFSA for next 20 years as a Canadian investor? + +I've been looking at [**HOM-U.TO**](https://HOM-U.TO)**.** + +Cheers! +I just bought CTC.A for \~$100 CAD and have been watching it for a while. + +If you are Canadian, you know that CT, Atmosphere, Marks, Sportchek are visited by everyone at some point each year if not frequently. I feel like COVID cannot change this very much in the long-term. The stock was trading over $150 before the crash and is recovering slowly. + + +What are your thoughts on this stock as a long-term hold investment at this time? I want to know how many of you agree/disagree with me. +I'm currently looking for an undervalued company based in Canada. I thought I could ask here and do my due diligence on any recommendations and post it on this sub for anyone that would be interested. + +Looking forward to your suggestions. Have a great day. + +&#x200B; + +Disclaimer: I am not asking what to buy. I am asking if you guys found any interesting stock recently worth looking into. +Brookfield Asset Management has historically been a darling, and a means to get into alternative investments for ordinary investors that doesn't have access to private equity. + +Is this a case of Brookfield just being caught in the "sell everything" downdraft? I find it hard to believe the value of Brookfield with their great management team and asset portfolio would have really gone down that much. + +Is this way oversold? + +Time to buy more, relative to other investments / equities? +Hey Guys! + +My strategy is a combination of 2 indicators +A standard MACD and 200EMA as a trend filter! + +I trade on indices on the hourly! + + I enter before crossovers happen and have a 1.5 rr fixed with 1% risk, s.l under/over latest pullback! + + I enter early using price action and the MACD histogram especially when it's fading or price might be reversing from a level! + +Backtesting results + +Wins= 156/214 +Losses=58/214 +Winrates 72% with 1.5rr +214 trades in 400days! + +I will be forward testing this for another few hundred trades in the coming months/year (s) + + +Please nitpick and give your advice! +**EDIT: It seems Microsoft has indeed TEMPORARILY removed Bitcoin as a payment option, something they have done in the past as well. Nevertheless this thread still stands - shills are around and spreading false information.** + +Shills are in full force and shilling this sub. +Let's take for example the top post about Microsoft removing Bitcoin as a payment option: +> +- The account which submitted the post was dormant for over 8 months. +- The upvote count seems unnaturally high (1500 upvotes within 3 hours?). +- 'LN is vaporware' arguments were made by various shills in the comments without any technical proof. PS: LN is VERY MUCH NOT vaporware. +- Altcoiners shilling their coins as the 'superior' cryptocurrency in the comments. + + +During these volatile times we must be on the lookout for propaganda from malicious groups looking to make a quick buck. r/Bitcoin is the most popular crypto-subreddit and this is why lots of shills are spreading misinformation. If any of you see a shill making fake arguments, please take the minute or two to respond and rectify whatever fake arguments are being made. +[**This tweet**](https://twitter.com/aantonop/status/929547597592788994) seems to be stirring up a lot of controversy right now on Twitter, from a lot of people I'm typically on the same side as. + +I'm just going to quote the top level responses without bias: + +* Andreas, if you want to help Bitcoin, you need to call out the bad actors in this space. You can stay neutral if you want but understand that by doing so you are opting out of fighting the biggest threat Bitcoin faces. #antifragile + +* Ethereum isnt claiming it is Bitcoin and trying to steal its brand and confuse its users. + +* You're being naive. + +* We know you like to remain as PC as possible, and love to sit on fences. But seriously, this statement is naive as it is ignorant. + +* That is completely and utterly wrong. Ethereum and Bitcoin do not share the same POW algo. Single POW algos are zero sum in terms of a system actually being secure. + +* Have you not paid attention to http://Bitcoin[dot]com 's campaign to brand Bitcoin Cash as Bitcoin? They are confusing new users. + +* Unfortunately their goal is to destroy Bitcoin, not build a project. + +Now I don't want to misrepresent Andreas here but I think this tweet is interesting because it ***seems*** to take a side while at the same time come off as neutral. + +Notice how neither of the names go unchanged? + +>Bitcoin ***and*** Bitcoin Cash + +Notice how telling everyone to go back home and start doing real work must involve real developers actually doing some sort of real work? + +This isn't even about Andreas' stance anymore, this is mine: Are you really that concerned over a pumped up coin that has no foundation to it? + +[**Like 2X:**](https://hackernoon.com/this-is-bitcoin-who-are-you-to-tell-us-otherwise-8fc5966d4ac4) + +* Where are the droves of developers? + +* Where's the infrastructure? + +* Who's running these nodes? + +* Who's developing Lightning for BCash? + +* Who's running these decentralized LN Nodes if they ever manage to mirror the code they copied onto their bootlegged *"malleability"* fix that won't work like SegWit? + +He follows up with: + +>This is not even close to the biggest threat Bitcoin faces and I won't be feeding the drama, ***distracting from the important work that needs to be done*** + +When you can tell me who you think actually does all that important work, then you can probably tell me you're also no longer concerned about the current situation. +I've also been "mining" Bitcoin on the side for an extra $90-130 a month too but it's so slow I don't run it 24 hours. I really want this to be a success post, but, that money has to go a new $12k loan I needed to fix my house but I'm glad I just got stuff done, sad to see it just go to another bill instead of saving +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). +Tldr: This isn't debatable: ADA will not have defi until they deploy a sidechain or other solution that has not yet been developed, let alone tested. Telling people "it's okay, don't worry about this FUD" will directly cause people to lose serious amounts of money. Everyone needs to understand the additional risks they will be taking on if they use centralized "defi" on cardano. + + +This is not FUD; this is a serious problem. The cardano chain absolutely cannot run a uniswap DEX. That's bad, but the real problem is that everyone, including devs [learning plutus ](https://plutus-pioneer-program.readthedocs.io/en/latest/pioneer/week10.html), are actively being misinformed by cardano's leadership. + + +The problem is fundamental to cardano's eUTXO architecture. In plutus, every AMM pool has an NFT that must be referenced to create a tx on the exchange. And, every tx writes over that pool NFT with an updated NFT that reflects the current state of the pool. Every tx must create a new pool NFT, and no txs can call the previous NFT. + +In UTXO all txs are deterministic. That means that if you and me both call the existing NFT pool for our tx, only one of our txs will be completed. I can't reference the pool NFT if it doesn't exist anymore, because you beat me to it. My tx will fail, and I will have to call the new NFT that your tx created. + +So, you can code a Uniswap AMM program, and everything will look completely fine as long as one person trades at a time. When 50 people attempt to interact with it (within the amount of time it takes to query the state of the pool, consider accepting the exchange rate, and actually submitting a tx), 49 of their txs will fail, and you will soon have a pile up with thousands of txs failing for every one tx that succeeds. Realistically, the pool will change before most people even attempt to submit the tx, causing it to immediately fail. + +That's why it currently is not possible to run a DEX on cardano. DEXs will have to be run on non-eutxo sidechains or use other methods that have not been fully tested yet. This is a PITA, but the real problem is the workaround solutions that are going to be implemented. The ADA community's (and Charles' very intentional) misrepresentation of the issue is going to end disastrously. + +https://medium.com/occam-finance/the-occam-fi-technical-series-on-concurrency-cd5bee0b850c + +https://twitter.com/ErgoDex/status/1434241109283287041?s=20 + +https://sundaeswap-finance.medium.com/concurrency-state-cardano-c160f8c07575 + + +Sidechain and decentralized solutions to this problem do exist, but none of them have been developed or tested yet. Sundaeswap claims to have a secret solution, but it's really not possible that they have a decentralized solution ready to go. + +There is a HUGE difference between going "off-chain" to a decentralized sidechain and going "off-chain" through a centralized, trusted custodian (even if they route your tx to another decentralized chain). Charles knows this, and he also knows that you don't. + +This means, that for the time being, cardano will not have decentralized exchanges, and because of the community's refusal to acknowledge and honestly address this conversation, most ADA users will have no understanding of the vulnerabilities these centralized exchanges represent. + +Until this problem is solved, treat every cardano "DEX" like a "CEX." Do not leave large amounts of money in their SCs. There will be DEXs that pop up and offer great APRs using the same code as well-known projects, but they will exit scam. People will exploit this. Cardano should delay smart contracts until this is resolved. This will make cardano the riskiest chain for defi. + +Edit: I cannot comment, message or post on reddit anymore because the cardano sub reported this post as harassment and my account is suspended (this post started as a comment, replying to a post on their sub). +Tether is arguably the biggest threat to the crypto market right now. However, we can't assume that they are doing anything wrong, or that they are doing everything properly, until a third party audit is performed. + +The risk of artificial pumping or mismanagement of the underlying assets is too great to ignore, and the ramifications will only be worse if this is allowed to continue. + +Even if you believe that they have a 1:1 backing for every tether, why not confirm this with a publicly available third party audit done by a reputable accounting firm. + +In my mid 20s, metropolitan gay man, had a LT partner when I was younger and he was extremely manipulative and made me feel bad b/c I tried to improve my financial situations and refused to live hand-to-mouth. + +My definition of being not bad at money is incredibly low given my understanding of the Australian population: + +Live within your means, have reasonable and manageable debts or debt free and have at least 6 months to 12 months of savings with ongoing positive contributions to one's savings account regardless of the amount. + +How does financial compatibility impact your dating and relationships? +Keen to hear what people have to say and maybe be able to identify a common theme. + +When I say mistake, I'd like to see some responses that aren't just "Didn't buy X at this time and now X is worth $4000000". Would like to see some responses that are a bit broader! +Imagine you're an average Robinhood user and on July 28th you see some penny stock for a camera company nobody uses shoot up 300% because they can make cameras with vaccines now or some shit. + +And then FOMO wants you to invest now but you think "This shit has peaked." + +Then imagine it goes up like 500% the next day and now you regret not going all in when you had the chance. But, you think "Now it has peaked." + +Imagine, 30 minutes later, the stock goes all the way from $2.50 to $54, a weekly increase of +2,370% + +And now you think,"Fuck it, I'm riding this to the moon." and you invest at $54. + +And then it drops from $54 to $30 lol get fucked + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +I lost my partner to a fatal stroke last week when he was only 39. My partner and I had been together almost 10 years. We have a 6 year old son, and a mortgage together. Our families always called us husband and wife and we also referred to each other as such. Except we were never legally married. I have read the wiki for when a loved one dies and really appreciate the info included there. + +We are joint tenants on our deed so our property will automatically go to me. The problem with his employer life insurance, retirement and brokerage accounts and bank accounts solely in his name is that our son is the sole beneficiary. Beyond missing out on the significant spousal benefits from his life insurance and social security, from my understanding there is significant downsides to our minor son being the beneficiary. From my very limited understanding, due to his age, the assets will then go into a guardianship account that would be subject to audits and annual hearings (that will likely incur legal fees every time). Please correct me if that is wrong. That being said, as his guardian would I be able to use any of that money as a down payment on another home? I am unable to afford our current home without his income so I was planning on renting it out and staying with family in the short term and in the long term I’d like to purchase a smaller home with the down payment coming from the life insurance payout however this would be money in my sons name. Someone had also mentioned we may be able to put the assets in an irrevocable trust in order to bypass some of the guardianship cumbersome rules but I am unsure of those details. Are there any other resources or survivor benefits (besides social security for my son) I can look into to assist with our financial situation? I still make decent money on my own so am unlikely to qualify for public assistance but this is still a huge blow (financially on top of all the already emotional parts). Appreciate any advice and knowledge shared. +https://preview.redd.it/m282bjf103m91.png?width=3124&format=png&auto=webp&s=bbc2790d8ddd078d92cae9a11ba9116f2ef29be8 + +So as many of us know, the Kick Ass Vol. 1 NFT collection launched this past week. + +[https://nft.gamestop.com/collection/kickass?r=MCwyOTAxOCw0MTI%3D](https://nft.gamestop.com/collection/kickass?r=MCwyOTAxOCw0MTI%3D) + +The artist, John Romita Jr. ([https://en.wikipedia.org/wiki/John\_Romita\_Jr](https://en.wikipedia.org/wiki/John_Romita_Jr).), is kind of a big deal in the world of comics and superheroes. Along with Kick Ass, he has a whole host of artist credits including work on Spiderman, Batman, Superman, X-Men, Captain America, Black Panther ... you name it, he probably has a credit! And yes, he works across the Marvel/DC boundary, which is also huge! And here's why this is all kind of a big deal ... + +**In only 3 days, the collection has earned Mr. Romita about $210,000 ... $207K on initial mint sales (1,730 NFTs @ $119.54 each) and another \~$2.6K in royalties).** + +Here's why the above is a big deal ... the comic scene is a pretty close-knit community. Word spreads. This launch was huge, not only for GameStop, but also for Mr. Romita Jr. Especially when you consider the financial implications. + +The amount of effort to get the collection created, get it minted, and get it launched was probably much less than penciling a single comic book issue. In fact, a top penciler for Marvel or D/C might make $5K for penciling a 25-page comic. + +https://preview.redd.it/agx38ho803m91.png?width=1280&format=png&auto=webp&s=bbef06c306890311d8f29941cab1067aa1fbdf39 + +Mr. Romita Jr. did three drawings for the collection, with coloring variables. Maybe that's 2-4 hours of work. An inker also did some work, so maybe double the time spent creating the collection as a whole ... so 4-8 hours of effort to create and launch the project. I understand I'm simplifying things here, but the net-net is $210K for a day or two of work. This is huge! Undoubtedly, many well-known artists in the comic world (and even the wider collectible world) are going to take notice. The money is simply too good to overlook. And the exposure is only going to grow. Add to this the fact that the collection is not a "one and done" — Mr. Romita Jr. (and GameStop to a lesser extent) will be making perhaps thousands of dollars in royalties every month so long as the world has electricity — and it's only a matter of time before some of the world's most creative minds flock to the platform. + +Very exciting things to come, and we're only in Beta! + +Buckle-the-fuck-up, apes! We're in at the ground floor for what promises to be one hell of a ride! +Damn, this sub is ACTIVE! It's like r/The_Donald of Crypto. No, I am not a crypto Millionaire. Actually fairly new to the game. Just wanted to plan for when I do hit a million. I may start applying for citizenship in other countries now so that when I have my cash, I'll be ready to go!! haha. Thank you all for the replies!! + +I’ve noticed that shills start off being slightly negative in the threads then they try to turn it positive, or visa versa. + +They are smart and subtile. They lean on empathetic emotion then guide you in a different direction. + +They are subliminally planting the seed of doubt deep then smoothing it over. I’ve seen the pattern a TON as of late. Recognize the pattern, look for it and don’t let the seeds of doubt sprout. + +. +. +. +. +. +. + +Edit: For Clarification + +It may sound like from the way I initially wrote this: “if you question something you are a shill”. That is not what I’m saying. + +Open discourse and dialogue with differing opinions is healthy - Honest questions are healthy. + +I notice strings of replies that are subtilely trying to guide people into believing that they are with them, but then dropping a breadcrumb that sews doubt rather than the “the stock is going to zero” shill that we initially encountered. I’ve noticed that the shills have become more tactful and aren’t as blatantly on the “other side” as they once were. + +I have seen it frequently and I have felt it’s impact. Just my opinion on the current state of shill manipulation. +[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/xxh13d) 🎃🐦 + +>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! + +🏴‍☠️ [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/) +What the fuck? I always thought stocks were based on how well the company is doing now / in the near future. + +6 flags should be going significantly down for missing spring break, grad night, summer passes and so on. I can't name a single human who has any plans of going to 6 flags this year at all, yet they're up 6 percent today with park closure. + +Am I missing something here? How am I suppose to research safe companies to invest in, when there are literal places closed rallying up each morning? +Would you take that option above? Close to stores and other stuff as well. Car payment could be coming in 1-2 years. No traffic commute, could walk. I get $3000 per month after taxes. + +Current situation is 27% with rent and phone included, but 76 mile round trip commute, 2.1 possibly up to 3 hours per day commuting. +So I have a financial advisor that works at Mass Mutual. I just max out a Roth IRA with them and I have a whole life policy. + +I really like the guy. He seems like a pretty straight shooter but at the end of the day he has his own agenda set out for him by the company. + +I told him in an email that I wasn’t sure if I’m investing wisely. I keep reading on reddit and other place about doing a vanguard index fund with low fees and also John Oliver did a really good segment on Financial Advisors and how it’s not good for most people. + +He said you don’t want to start getting your financial advice from Reddit because ya like googling your health problems instead of going to a hospital. + +Am I a sucker for doing business with these guys? Should I just max out a Roth in a low cost index fund and call it a day? +I start a new job in the new year. It’s WFH but I’ll be expected to go to the office in London every fortnight for 2 days (taking the train down and staying in a hotel). + +The company will pay all expenses, including a taxi to the train station, the train itself, food and accommodation. + +I will pay and get reimbursed the following day, so I’m trying to figure out the best way to maximise my personal benefit from this arrangement. + +I’m thinking of staying in the same hotel chain with a loyalty scheme, and getting a rewards credit card to pay for it all. Is there anything else I’m missing? + +Which is the best hotel chain to stay in, and the best credit card to get. I have a small family, so ideally would like to prioritise using the rewards for family holidays. + +We’re unlikely to fly too much long haul on holiday, and will be easyJetting it to Europe, so I’d want to use any rewards for hotels +[https://www.youtube.com/watch?app=desktop&v=K064hJQ7fdI](https://www.youtube.com/watch?app=desktop&v=K064hJQ7fdI) + +&#x200B; + +What am I missing about the Virtu video? Did he just say the quiet part out load? + +This video is really interesting for a number of reasons. The CEO of Virtu says some really interesting things. + +So, first let’s run it through an auto translation page so I’m not fat fingering any of what he says. + +https://youtubetranscript.com/?v=K064hJQ7fdI + +(Sorry about the all caps, I don’t know why it does that and I’m on mobile, so fixing it is a bitch. My apologies.) + +“THERE'S NO OBLIGATION FOR THEM TO SEND IT TO VIRTU. + +WE PROVIDE A SERVICE AND EXECUTION AND **MINIMAL PRICE +IMPROVEMENT**” + +He comes right out and says that they provide “**minimal price improvement**. + +So we know right off the bat that we are not getting much if any meaningful price improvement with Virtu. + +BUT!, what he says a little later on is **REALLY FUCKING INTERESTING!** Listen very carefully to this shit! + +The host asks him a question about price improvement: + +Host - “>> YOU DO PROVIDE PRICE IMPROVEMENT AND YOU DO HELP IMPROVE AND YOU GET A BETTER PRICE FOR IT CAN YOU EXPLAIN HOW YOU DO IT.[?]” + +And gets the answer: + +“...ESSENTIALLY, THE RULE IS ANTIQUATED AND IT DOESN'T COVER THE AMOUNT OF **SIZE IMPROVEMENT** AND WE'VE BEEN VERY UP FRONT AND VERY TRANSPARENT ABOUT PROVIDING THAT LEVEL OF DATA. + +SO WHAT THAT MEANS IS IN THE 8,000 NAMES, TO THE EXTENT THERE'S NOT LIQUIDITY ON THE ANALYTIC EXCHANGE, FUNDAMENTALLY ***THE WHOLESALERS ARE PROVIDING +INFINITE LIQUIDITY*** AND THE INSIDE PRICE *SO IF WE GET AN ORDER THAT NO ONE'S EVER HEARD OF AND 200 SHARES ON NASDAQ AND NEW YORK*, **WE FILL OUT A THOUSAND SHARES AT THAT INSIDE PRICE** AND THAT'S MEANINGFUL LIQUIDITY AND WE PROVIDE **SIZE IMPROVEMENT** IN A COMPLETE, AN AUCTION +ENVIRONMENT, + +WHO'S GOING TO PROVIDE THAT THE LIQUIDITY FAIRY? IT JUST DOESN'T EXIST.” + +This is a really fucking interesting comment. He’s talking about “**Size Improvement**” Not *Price Improvement*. + +But, let’s hole up on that for just a SEC. Because I haz a curious. + +Size Improvement. From the “**Wholesalers**”. Wholesalers? + +So first, I learned a new Stonk term. “*Wholesaler*” Off to the googles I went, but I didn’t find much. So after some searching, I found this: + +https://boards.fool.com/for-those-who-still-cant-catch-nites-model-14035208.aspx + +It’s an article about Knight Trading (where have I seen that name before?) from 2000 in the Business 2.0 magazine. + +It describes **Knight Trading** as “**the nation's biggest stock wholesaler, or market maker**, for Internet brokerages such as TD Waterhouse, Ameritrade, and dozens more.” + +Okay, so these fuck sticks are (or were) Market Makers and Stock Wholesalers. (I can’t help but wonder if Knight Trading isn’t also related to Knight Capital, who were responsible for Fidelity’s little 11 million share “Oopsie”. Wouldn’t it be interesting if these two fuck sticks were actually the same fuck sticks.) + +But I digress. + +So back to my main point. He’s not talking about *price improvement*, he’s talking about **Size Improvement**. + +What the fuck is size improvement‽ + +https://crsreports.congress.gov/product/pdf/R/R43739 + +https://www.ubs.com/content/dam/static/wmamericas/bestexecution.pdf + +https://www.epfl.ch/schools/cdm/wp-content/uploads/2019/03/Jones-Slides.pdf + +https://www.academia.edu/32623256/All_else_equal_a_multidimensional_analysis_of_retail_market_order_execution_quality + +https://www.goldmansachs.com/insights/archive/alt-trading-sys.html + +“**Shhhhhh, Don’t talk about ‘Size Improvement’, just let us slip it in. - *Wall Street* (probably) + +So, what did I get out of all that? Not a fucking lot. It seems to be related to the almighty and much ballyhooed “**Liquidity**”. And if you remember from our little transcript above, ***THE WHOLESALERS ARE PROVIDING +INFINITE LIQUIDITY*** + +So my question is; How do Wholesalers provide “Infinite Liquidity”? We know that *Liquidity* is basically Boomer for *“Counterfeiting”*. They seem to have found a way to provide infinite counterfeit shares. And through the magic of FTD’s and other ‘kicking the can’ style fuckery they seem to be able to prevent the closing of those positions indefinitely. This 140% breaks the price discovery mechanics and results in a *completely fraudulent marketplace*. + +***But GME holders knew this already.*** + +What really amazed me is that he came right out and said the quiet part out loud. + +He came right out and said it. Unless I’m missing something, **Infinite Liquidity** equals **Fraudulent Marketplace**. It just can not mean anything else. + +Edit to say: after a brief exchange with u/Smithmonster +“Infinity liquidity, infinite risk!” + +And shorting already carries infinite risk. This is like infinity times infinity! + +That’s Black Hole level shit! ♾ X ♾ = 🕳 + +I think I figured it out. They broke the price discovery mechanism with this infinite liquidity bullshit. That’s probably one of the biggest reasons why they have to fake the price! Because they completely broke the price discovery mechanism. + +I mean, look at all the effort they put into hijacking organic price discovery. Just off the top of my head: + +Wash sales, OTC Sales, Order spoofing, Odd & Mixed Lot trades, Block trades, Broker Internalization & bundling, Market Makers Exemption, Market Makers Internalizing, Predatory Shorting, FTD’s, Naked Shorting, Payment for Difference, PFOF, Market Makers codes, Dark Pools, Coded orders, Market Halts, Volatility Halts, Gaps, Front-running, Hi-frequency trading, Pumps & Dumps, Poops & Scoops, Short & Distort, Offshore Market manipulation, Foreign Market Warehousing (Brazilian Puts) , Complete Corporate MSM media control, Massive social media shilling campaigns… + +Just look at it! And like - This is a short list There is lots, and lots, and lots more. + +The US “Free” Market as we see it today is a **criminal masterpiece**. The big players control the prices. + +And they have to fake it as long as they can keep it up so no one would find out. + +*** + +*Side quest: I’m looking for art & dank memes for a Stonky ticker Wall Art project. 0x4A4ABc7B8196bbe3A5355E70a7E6c63608b20781 +Hit me up if you have ideas for cool shit to include. +What's going on. A week ago I would occasionally see comments about LTC that gave somewhat balanced overview over its benefits v. BTC, but suddenly I am seeing comment after comment clearly trying to create FOMO about LTC without laying out the long-term case for holding it. Is this a pretty transparent brigading and pump campaign leading up to August 1st? I am open minded about other cryptos, and diversification makes sense in such a volatile market. But I really can't stand self-employed shills or other bad actors treating other people's money as a game. Anyone else notice this? +Hello everyone + +I am going to have to give up my business to look after my partner for the next couple of years. I'm starting another business which I can do from home, but by my reckoning neither of us will have a reliable income for the next three years. + +We live in a nice detached house, and we have a not so nice one bedroom flat. + +I have floated the idea of turning the house into an airbnb for a couple of years. My partner really doesn't like this; she is scared of moving back into the flat and wants to sell it. I am worried that we won't have enough income to afford our bills if we keep the house. + +We have cleared all our mortgages, but I have spent most of my reserve money on building works on the house. The costs of fixing it up have gone up tremendously because of a bad builder and unexpected work, but it's nearly there. My partner's illness really came out of the blue and I thought I would be able to build my savings back up again as my business gave me a reasonable income until recently. More fool me. + +I get that she doesn't want to move back to the flat but am very frustrated with my partner's attitude that we can carry on living here without an income. She isn't well enough to have a proper discussion about this at the minute. + +What would you do? We'd get about £80k for the flat, or £1000 a month (best guess after costs) for the house on Airbnb. How long can we both survive on £80k? Other than that, we sell the house. It is probably worth £400k. It's so galling to have lived in a building site for seven years, only to sell it when it's almost ready. + +I hope this doesn't come across as feeling too sorry for myself; owning two properties and no debts is not a bad position to be in. +I know it sounds stupid because people gonna say get a paper round or something that’s what I’ve tried to do but I can’t lmfao + +Reason im asking is because my nan recently passed away the funeral and cremation all together was upwards of 3 grand my family are lower to middle class we’ve got a decent house and a nice car but my dad came from nothing and so did my uncle and aunt my uncle was never close with my Nan so he doesn’t want to pay for her funeral and my aunt simply can’t afford it because she’s strapped financially so I thought even if I could get a little bit of money it would make it abit easier for my family financially + +I’m tryna think I’ve got a bank account so it’ll probs be easier to do it online and stuff so any suggestions only problem is I don’t want to invest in stocks and all that stuff because we’re heading for a massive recession across the world according to economic experts don’t quote me I’m not that good at stocks and stuff and bitcoin has also plummeted massively recently so any tips on how to make money whether online or irl ? + +Any help would be appreciated massively +So, I live in Alabama. I'm a 23 year old female with my 18 month old child I care for while also working 32 hours a week. I make $230-245 per week after taxes. I simply cannot afford health insurance for myself. There's no way. I pay $550 a month for rent on top of power, water, phone bill and car insurance. My child is covered under Medicaid, and I'm wondering why I keep getting denied for it. It's my understanding that if I have a child under 19 and make under 22k that I should be eligible. I have a serious underactive thyroid and desperately need to see a doctor to get back on my medication. Any advice would be welcome. + + (As a side note, I do live with my boyfriend of 3 years, and we split bills in half, but he actually makes 50 cents less than me, so isn't able to help.) +*Specifically*, I read online that matched contributions and administrative work associated with the benefits plan is tax deductible, and thus, offering a 401(k) plan can lower a company's tax burden. I don't quite understand - wouldn't that matched contribution (i.e. $1800/yr) otherwise be totally retained by the company if they chose to not match 401(k) contributions? In other words, I get why not paying tax on the $1800 is a good thing. But how about not paying that $1800 in the first place...? + +I'm assuming I'm misunderstanding. I'd greatly appreciate some clarification. +Hey there. Never financed a vehicle, trying to build credit, is it best to go through a bank and get an auto loan or finance through a dealership? I’m very lost I’ve only purchased outright but I need something reliable and I want to build my credit. Can put 5k down and my dad will co-sign he has perfect credit if that means anything +Married and two kids under 5, wife stays at home my salary is around 150k a year. We own our home but owe about 250k still, no other loans, our only bills are electric, water, cable and phones. As the title states we have over 60k in our savings account. I also have around 350k in stocks through work that I don't touch often. + +My wife and I have talked about finding a financial advisor but we have no idea where to start. Any advice on what to do with the savings or stock? +I am looking to start a new checking account but I really want to hear your opinions of the banks you guys use and the pros and cons of your banks. Right now I am looking into starting a checking account with Discover but I am back and forward because there are so many options and I don't want to make a mistake :)) +>After just 2 months as Tesla's top lawyer, Dane Butswinkas will return to Williams & Connely full time, [according to the WSJ.](https://www.wsj.com/articles/tesla-replaces-top-lawyer-after-two-months-11550667601?mod=hp_lista_pos4) +> +>Butswinkas said he would continue to work for Tesla outside the company. +> +>Jonathan Chang, who has been at Tesla nearly eight years, will replace Butswinkas. +> +>Just last week [Tesla's VP of global recruitment](https://www.businessinsider.com/tesla-vp-recruiting-leaving-company-2019-2) also left the company, another in a year-long string of departures. + +&#x200B; + +[Business Insider](https://www.businessinsider.com/teslas-general-counsel-dane-butswinkas-leaves-after-2019-2) , [TSLA](https://www.morningstar.com/stocks/xnas/tsla/quote.html) +I'm waiting for the downvote arrows like a spartan in a shieldwall. I don't really mind. What I do mind is that NFTs are seen as a complete cringe joke to practically whole world right now. + +People are making jokes about them, cringing at the influencers who are pumping out their NFTs, South Park is making a gag out of it and so on. And I don't blame them one bit. I love crypto and I believe in the whole crypto-space but NFTs in the form of jpegs or gifs are as attractive as looking down the toilet bowl in a gas station. + +And the worst part of all, I dont think these help one bit with mainstream adoption of crypto. Quite the contrary, I think they hurt the whole market because people connect them with cryptocurrencies. +Hello all, I was hoping to receive answers from the perspective of insiders (professionals who have had actual experience working in finance) regarding these 2 questions that I have. + +* Why in the world did they think letting banks self-report interbank lending rates, and utilize that rate (LIBOR) as a basis for a wide-ranging host of financial instruments (student loans, derivatives, mortgages) was a good idea? + +* As have been widely written about, manipulating the LIBOR rate only by half a point easily generates millions of dollars in profits for institutions at the appropriate positions. Where and how does this profit "manifest" in the real economy? Or is it simply a transfer of wealth? As an extension, in your opinion, at what point does the finance industry stop being a conducive vehicle for economics growth (in the simplest sense by allocating capital in the most efficient way) and start becoming rent-seeking middlemen? Are we past that point? +Understand that I'm only here to learn and not instigate. I am a student of economics and finance myself, but I'm sure I'm not the only one who, in the wake of events of the past 5 years, have questions about the actual value of work being done by some of the brightest minds in the world. I tried posting this in /r/finance but it doesn't seem to be gaining traction. Hope I'll have more luck here. +Hello friends, I have been in Canada for a few years now and investing actively in Canadian stocks. I am now interested in diversifying my portfolio to include US stocks. After a bit of reading and research Norbet Gambit seems to be the most popular way to exchange CAD to USD for trading. + +I would love to hear & learn from your thoughts around few topics - + +I am super skeptic about hidden brokerage chargers. Should I be aware of anything in particular that this community experienced ? +Apart from Norbert Gambit, I read that opening an US account and trading through that account helps. Has anyone followed this path ? +Any recommendation on brokerage to use to keep charges to minimum ? + +Look forward to hearing from this amazing community ! +I've been investing a long time and I saw today people complaining about a certain stock that was said to go up 300% went down 20%..lol..Why do you think companies are penny stocks? It's not because they are the next Amazon I'll tell you that. The truth is before the mob shows up they are probably the price they should be based on assets, capital, business model, etc... I just want everyone to be clear what's going on here. These are not companies you are catching before greatness, these are orchestrated pump and dumps. That said you can make plenty money playing that game. So here is my suggestion to help the newer folk. Set a stop loss, know when to walk away, don't think you found the next big thing, be safe. + +You've got to know when to hold em.. Know when to fold em.. Know when to walk away.. Know when to run.. +Wanted to give an update on my situation as it may help others who are considering buying a house but have some negatives on their credit report. + +I spoke to a broker at Chartwell Funding to seek advice on what my options would be one year from now when I hope to buy. My situation is below - appreciate this won't be the same for everyone. + +* 1 default from 2017 +* Around 12 missed payments in 2017-18, and a couple more in 2019 +* Salary 62k +* Bonus 6k +* Target LTV 85% + +When using the online mortgage tools (where you enter defaults / it does a soft credit check) I failed across 80 lenders. I used L&C's tool for this. + +I was pretty disheartened at this point and was preparing myself for the possibility of having to wait an additional 2.5 years for credit report to lose the default. + +After speaking to the broker I'm a lot more optimistic, the key points he mentioned were + +* Before COVID multipliers of 4.7 or sometimes even 5.0 were possible for salaries over £50k for single people with no dependants +* 4.3-4.5x for next year should be possible in my situation +* For an 85% LTV mortgage a single default more than two years ago will be palatable for many lenders (combined with salary) +* Continue to not miss payments, but these don't make the biggest impact +* Bonus will probably count for an additional 50%, maybe more - will need two years at least to demonstrate it will continue + +I'm sure there will be some who say "now I just need to earn more than £50k" - yes, I acknowledge this and this post isn't for everyone. I don't know how things work out lower than this and what LTV would be required. + +The key message I want to share is **if you're considering buying, even a year from now, just speak to a broker.** Plenty will speak to you for free, and mortgages are far more nuanced than what an online calculator offers. It may give you peace of mind, it may require you to rethink your position - either way it's worth the time. +Hi all, + +I've been reading a book called "Making Money" by Paul Clitheroe and in the book, Paul was suggesting that we should aim to pay off the mortgage as quickly as possible to save money long term. So any spare cash should go towards the mortgage. But if so then where do you find the money to invest, say in a low-cost etf? Is it feasible to do both at the same time or is it better to just focus on the mortgage first? + +Reason i'm asking is because I'm looking to buy a property soon and I'm already invested in some etfs (VAS, VDHG and NDQ). I both want to pay off the mortgage quickly and want to capitalise on the compound interest. + +If any of you has successfully done both I would love to hear how you did it. TIA. + +Edit 1: thanks everyone. Seems like most people recommend investing due to the abnormally low interest rate. My fear of rising interest rate is somewhat alleviated with people saying that interest rate will take a long time to match the return on investment from stocks. I will keep this in mind. +**I feel like it's been opposite day for weeks now.** + +Everything I did today that'd make sense at a technical level I did the opposite and I killed it today. + +Vix chilling around 30? Fucking SPY calls that bitch. + +BABA analysis for puts over the week? BABA calls. + +Promising earnings from DOCU and what happens? The shit drops by 40%. + +The only thing that seems to be reasonable is Apple which, well, it's apple and at this point, who fucking knows. The market is literally running a zig zag right now and might as well be a casino. Bet yall $5 bucks SPY will be over 470 by 1 Jan 2022. Why? Because I don't have a fucking clue why. Just because BALLOONS AND ELPHANTS. + +With all that said, I'm pretty sure the markets are at a new low of inefficiency. There may be some plays that can be interpreted, but even plays put out by whalestream have been getting murdered and they've been killing it for months now. + +Does anyone have a source they go to that can follow this madness and make something of it? +This might get deleted if I’m making a fairly obvious point but I thought it was worth saying since I’ve seen a surprising amount of people on here and similar subs thinking that the price they recently fixed at was the most they could pay over eg. The next 1 or 2 years. + +Think it’s worth stating just in case some people don’t realise, or more likely for your friends and family - it is the unit price you are fixing, not the total price you could pay. + +I think people on social media especially are getting caught out because a) of the focus on ‘price caps’, and b) the astronomical figures that fixes still are. So people agree a fix for what they think is £3,500 and they think “Blimey! Well at least it can’t be more than that” when it very much could! + +Perhaps worth making sure your relatives, friends etc who aren’t as financially savvy as us nerds on this sub know this just in case. I don’t wanna come off patronising to them but it could make the difference between them thinking their price is set regardless, so might as well enjoy using their energy, vs trying to cut back as much as possible. +I am interested in what everyone’s experiences are in terms of fees paid to financial advisors at various asset levels, such as 1M, 5M and 10+M. + +Realize this could veer off into a debate of advisor vs no advisor or fee only vs percent of assets but more interested in actual data on fees. + +Thanks +For those of you that considered buying a vacation home was it worth it? At what net worth did you begin to consider that? We still work full time so we can probably only be there 2 weeks at a time and weren't sure whether its better to just rent places each time or to buy one. I just also wasn't sure if it's a PITA to maintain if we don't live anywhere nearby and only visit maybe 4 times a year? + +Any advice is appreciated. +How is the price not $5 or lower after the emotional rollercoaster suffered as a result from all these fuck-ups?! It's a miracle. For me, this is a mega bullish sign. I cannot imagine how high the price will be if ETH has a run of good things happening. + +Let me try summarize all the bad things that happened to ETH in such a short amount of time*: + +- DAO hack where a lot of money got stolen + +- Community split over a solution + +- Soft fork announced, then later cancelled because of DDOS danger + +- Risky hard fork announced, which breaks immutability + +- Hard fork code taking very long to complete, with uncertainty growing the longer it takes + +- Poloniex shadow addition of ETC + +- Many Bitcoin trolls, later ETC trolls + +- Confusing replay attacks for users of both chains (and many users not being able to access their ETC) as a result of a poorly prepared hard fork + +- Did I forget something? I will update the thread if I did. + +*Of course, ETH also had some good news during this period: + +- The addition of CoinBase +- 'Successful' hard fork +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! + +Disclosures: + +* My name is Alexander Levin Jr, founder of ethOS, a popular mining operating system that represents 7% of the total Ethereum mining network. +* I have purchased a large amount of NVIDIA GPUs (over $100,000 worth) for my personal farm. +* I am the founder of gpuShack.com, a valued added hardware reseller for mining equipment. +* I have a large stake in ETH, approximately 6% of my net worth. + +I've been doing some digging and found a lot of dirty shit associated with progPOW. I've just discovered this community and thought you guys might want to see it. + +For the purpose of this post, I define "stakeholders" as people holding ETH, and "miners" as people producing ETH. + +Stakeholders want to decrease miners' block reward, and miners obviously want it to increase or stay the same. In order to "compromise," miners were promised progPOW by the dev team to "remove ASICs from the network", in order to make the reward deduction more palatable to them. + +However, the below posts demonstrate that ETH ASICs are not the threat that people make them out to be, and furthermore, progPOW increases centralization by allowing incumbent chip manufacturers (NVIDIA) to work closely with algorithm designers (progPOW team) in order to covertly increase the mining efficiency of their specific devices using secret algorithm changes and secret hardware manufactured specifically for it, thereby causing a monopolized hardware environment. + +* [ethOS: Our analysis suggests that there are very few ASICs mining Ethereum.](http://ethosdistro.com/blog/) + +* [Continued censorship involving Ethereum's proposed fork to progPOW](https://np.reddit.com/r/btc/comments/ag4y98/continued_censorship_involving_ethereums_proposed/?st=jr1bji92&sh=cc0ba234) + +* [The connection between Core Scientific, NVIDIA, and progPOW (and possibly CSW/Coingeek)](https://np.reddit.com/r/btc/comments/aeee8r/the_connection_between_core_scientific_nvidia_and/?st=jqwn4s4v&sh=2d8dcd64) + +* [NVIDIA has funded the team responsible for the development of ProgPOW](https://np.reddit.com/r/ethereum/comments/adc6g5/nvidia_has_funded_the_team_responsible_for_the/?st=jqwn3u46&sh=738340d8) + +* [NVIDIA is engaged in a proxy war for future of proof of work. They call it "progPOW" and the first target is Ethereum](https://np.reddit.com/r/btc/comments/ae8ozh/nvidia_is_engaged_in_a_proxy_war_for_future_of/?st=jqwn4399&sh=70fb8bfe) + +* [Forking to progPOW will leave ETH open to a 51% attack with a datacenter as small as 7.2 megawatts](https://np.reddit.com/r/ethereum/comments/adn534/forking_to_progpow_will_leave_eth_open_to_a_51/?st=jqo1d0fd&sh=4eba355e) + + +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! + +As the title says.. what’s with all of the predictions that ETH is going sub $50? What is the real basis for these types of predictions? + +TA? I mean, I understand the value of TA in a traditional market and with companies selling a product, earnings, profit, etc... I also get that when looking at trends, it can be of value to perhaps hint in the direction that things are going.. + +Is it just fear? The sentiment around the market as a whole? Coming off such a huge run a year ago.. that I can also understand.. fear and greed are the two biggest driving forces in market psychology right? The fear of missing out on something that appears to be explosive and the greed that takes over once you decide to pull the trigger... I get this as well. + +Is it simply because the market has decreased so dramatically, and people have such an investment in ethereum, or whatever, for money making purposes that, at this point there is nothing left but to see their investment fall completely to nothing? I can understand this as well.. + +Could it just be investors pissed off that they should have turned a profit when their investment was up such a ridiculous amount, but greed took over, they felt invincible, and the smartest person on the planet? + + +I’m not saying that the market is going in one way or another right now.. + +I also feel (and this is just based on pure speculation) that there is another bottom to be had, ups and downs, before there is a stagnation, and a sideways period for some time. It doesn’t make sense to me that we’re going to lose more than another 60% of market cap before a massive recovery. It very well may go from $70 to $150 quite a few times before it’s truly sideways for some time.. Before we see some true growth again. + +In order to reach another ATH, there’s got to be a somewhat distant memory of the crazy ride up, and the crazy ride down before new comers and old timers alike start getting that fear/greed cycle kicked into high gear and the process starts all over again.. will it lead to new ATHs? To me it does seem inevitable, but I don’t know.. who the hell does... all I do know is that it doesn’t seem like this whole thing lead up to 2018 as its grand finale.. + + We haven’t even seen many of these products kick the shit out of what’s out there today.. there are so many killer projects that are being worked on, that truly are hinged on the fact that blockchain technology will make them better.. is it just the fucking nerd in me? That likes reading about new technological advances? A fresh new way of looking at things? Ownership of digital items that are actually worth something to those that hold value to them? A way of indisputably knowing that data, money, digital items, trading, loans, m2m micro transactions, ANYTHING has not been tampered with, altered, or misconstrued without multiple parties agreeing and not based on some shitty third party to be the ones who are really in control? + +I’m pumped to see where this all goes.. whether you or I make money on this. Hopefully everyone does.. I do really think the odds are in our favor.. as long as we don’t bail before we actually see these “killer” projects and dApps take off and truly make some type of difference + +Just my own two cents.. hope you enjoyed the read +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! + +Market cap of Apple is over 2 trillion USD. Many people in this sub consider it to be a growth stock. I agree with it but 2 trillion market cap is very high. For a 100% upside movement we would need a 4 trillion USD market cap. +Where do you see the market cap of Apple in 5-10 years? Is there still room to grow? +I am new to dividend investing. My plan currently is to devote 90% of my total balance towards stocks that pay out dividends. My main question is in regards to pay schedules. I have found a few dividends that pay out monthly. The highest paying about .35 per share. The cost of that is about 84/share... that being said, is it more cost effective to buy cheaper stocks that pay quarterly or more expensive stocks that pay monthly? I'm new here so please be gentle? +The company is an aristocrat and the CEO is very serious about doing everything to keep the dividend. As an investor in XOM I worry about the future. EV is a very long ways away the world depends on oil. On the other hand, this current administration is hell bent on clean energy. So unless XOM can go full green energy, +I can see it as going against the government pursuing oil and that isn’t a good idea. So, I can see about another two decades of solid growth ( maybe). The dividend... not too too sure if the company can sustain it even if it does pack on debt to keep it. If recovery comes quickly I can see Exxon doing really well but who knows when that will be. Might just sell and pick up O or double down on Pfizer or pick up JnJ to compliment it. Not 100% sure yet. Just thinking out loud. What are you thoughts? +Shower thought. What if the reason there were so few shares available prior to the GameStop vote announcement due to the fact that Hedgies were anticipating the split news and had stocked up on ammo to attack the news. However, RC new the hedge funds we’re paying extremely high borrow rates to hold these shares for the predictable attack. Therefore he held off on the split announcement while sucking millions of dollars out of the HF as they sat ready to attack (paying 200% CTB) like the ding bats they are. Yesterday thousands of share magically appeared and the borrow rate has started to decline. This tells me those stored shares have been used even though the split hasn’t happened because it’s cheaper to just short the stock than hold those shares at high interest rates without knowing when RC will announce the split. 3D chess/ Art of War from our Canadian….not Bulgarian Boy!!!! +Hi guys for Info the CEO of citius pharmaceuticals will present an overview and provide an update on the Company's products under development, including its lead product candidate Mino-Lok, currently in Phase 3 trials tomorrow, this could act as a catalyst. + +The webcast of there presentation will be available to view starting on Tuesday, March 9, at 7:00 a.m. Eastern Time. Link below + +Webcast: https://journey.ct.events/view/262c140c-bae9-4791-bee8-7a03b2d8449a +Say a person is long 400 shares but the current selling price is below their current cost basis. Would it behoove the individual to sell covered calls, or is there another strategy besides averaging down to reduce cost basis? + +Theoretically how low can you reduce your cost basis by selling covered calls? If you sold weeklys and reduced your cost basis by .20 a week, is it possible to reduce your cost basis far beyond the current selling price; provided it trades side ways for an extended period of time? + +Would a better strategy be to average down as much as one could first and then sell covered calls? + +I’m intrigued by these strategies that basically look like outright arbitrage. Ive been watching a lot of videos on the subject and have been curious as to how other individuals use this and other options strategies to accrue passive income, reduce cost basis, or any other advantages of options. + +I really hope this is a long enough post to not get deleted. I haven’t found the answer I’m looking for on any videos or websites. That or I’m overlooking the answer and just need clarification. Thanks to all who reply. +EDIT 2: People are claiming volume throughout the day shrunk to 1.7M which would contradict this theory, if true. This theory seems less plausible now... ☎️ on the menu tonight?!? + +Okay, so the volume discrepancy mystery is officially solved. If you read the CTA alerts, which you can find here: [https://www.ctaplan.com/alerts#110000353886](https://www.ctaplan.com/alerts#110000353886) + +It says: + +In connection with the restart of CTS/CQS from 11:32 A.M., **CTS Open/Hi/Low/Non-Listing Market Last Sale and Volume data may not include transactions that occurred prior to the restart**. Listing Market and Consolidated Last Sale information is expected to be accurate. CTS/CQS will notify of corrected data sets when available. + +Now I didn't count all the candles, but I did look in the daily discussion and apparently someone mentioned volume was 750K just over an hour after open. Between then and 11:32 yahoo's minute candles seemed to average about 5k, and elapsed time was roughly 50 minutes. 5k\*50 = 250k. So when summed up with that one comment on the daily discussion, there'd have been about 1M in daily volume up until the halt. If someone is eager, feel free to count the candles and confirm. + +So now the real question is why did CTS require a restart. I go and encourage you to look at how frequent these alerts are sent out. Spoilers it's about once/twice a year, but usually benign, unlike today. Very suspicious... + +PS Credit to [u/aph0r1zm](https://www.reddit.com/user/aph0r1zm/) for discovering it was a CTA alert. + +Edit: I forgot a TADR ...💎✋🚀🚀🚀🚀🚀 +Are we spending too much? + +Annual gross income is $1M. About 35% go to taxes. We save 45% and invest in the market. We spend 20%. + +Thus, that 20% is $200k. That's a lot of money! I remember the days of living on just $2k/month. We don't budget, we do a "macros" diet of just accomplishing the percentages I shared above. It feels excessive, especially since we don't have a mortgage or car payments, but it is also nice to live well. The money goes to private school tuition, organic groceries, home care/upkeep, trips, activities, clothes, etc. We are a mid-30s couple with three kids. + +What are you spending at and does it feel good, bad, perfect? Does $200k sound like too much? + +UPDATE: I rechecked our numbers and our spend is closer to 25% and our savings closer to 40%. So roughly $25k/month in spending. Yikes! + +UPDATE: Lol I am not a troll! I am just mindful of my spending. Our private school is cheap ($5k/child), we drive cheap American cars (no plans), live in a tract home and have no fancy hobbies like skiing or golfing. +Hi all, interested to hear your thoughts: + +Last night I had beers with a buddy who fatfired last year at 32. We got to discussing possible post Fatfire career tracks - he does not want to continue in the track that got him to (I guess) 3-5mio but does want to go back to work at some point. Specifically we were discussing jobs that fit the following criteria: + +- Are ‘cool’. Obviously very subjective but for lack of a better definition let’s say anything that will impress a girl you meet at a party +- Not (necessarily) high earning but does have the possibility of netting you some good $$ down the line or segue into something that does. This basically means an industry where large amounts of money change hands +- Based somewhere you want to live +- Work with interesting people +- There is some chance, even if slim, that you can land the job - so your skillset has to at least be somewhat transferable + +Premise is that working your way up to Fatfire compensation at an international company should be enough to get you an interview most places - is this too optimistic? + +Options will vary widely based on preference and background but here are a few Ive been thinking about. The obvious answer for most will be startups but given how much that has been discussed on this forum already would prefer to focus elsewhere. + +- Think tank. I have a friend who did this in DC and is now working for the UN. He loves it. +- Supranational organisations in general. Mostly filled with career politicians, academics and super-rich kids who want to tell themselves they are making a difference. Still a lot of interesting work and very good exit opps +- Corporate side of pro sports. Ie NFL, Formula 1, GM office of pro sports teams. I know no one in this world but there has to be some really cool jobs out there. +- Corporate side of a luxury brand you are passionate about. A friend of mine met Patek’s CFO and he apparently was a great guy. I would be more interested in a high end winery or distillery. +- Yacht broker. Start with small boats and try work your way up to megayachts, plus live somewhere cool +- Entertainment industry. I have a friend who works for a famous DJs record label - pays very little but his job is awesome. I know nothing about Hollywood but assume there must be some interesting work there +- Festivals - know a guy who along with 3 others (and part time staff) organises a music festival that pays each of them ~$500k each year +- Clubs - ie Nikki Beach HQ + +Any thoughts on the idea in general, specific points above or something you think might be fun for you personally welcome! + +I’m wondering if there’s a site where you can view publicly shared trading algorithms that show the profitability and have been tested and can be easily utilized by anyone to start algorithmically trading as soon as today. + +Does something of that nature exist? Would you recommend doing it? And if so What website would you recommend checking? +Revised and updated with additional points + ------------------------------------------------------------------ + +For those of you who are new, you may not know but the next 3-6 months are arguably the most **significant** months in the 5+ year history of the Ethereum ecosystem. And here is why: + +1) **EIP-1559** is confirmed to launch this summer. What this means is that net "issuance" which means new coins minted is going to be **dramatically** lowered. To put it in perspective the, the issuance rate right now is 4.5% per year, the estimates for the issuance rate after EIP 1559 is implemented are .5 - 1%. Why does this matter? So bitcoin issuance halves every 4 years right? and from that we see the bull run begin and bitcoin goes on a tear. Well an issuance drop from 4.5% is the equivalent of 3 halvenings happening at one time. (4.5 cut in half to 2.25 again to 1.125 and again to .56). Ethereum is already at a multi year low supply on exchanges, once this happens Ethereum will become **instantly** scarce. People are starting to dub this the "Cliffening" + + +2) **Staking and POS** - Staking means you can lock up your ETH and you get paid rewards just like miners get rewarded for buying all the equipment and running the rigs and monitoring them and then being compensated for validating the blocks. You are going to be able to do the exact same thing without any of the upfront costs, right now you can only stake on your own node which very few users are able to do or on a few exchanges, but very soon coinbase will be allowing you to stake directly on their app. It will literally be the click of a button and you will be earning rewards. **This will also further "Lock up" millions of additional ETH and remove them from the circulating supply** and therefore further increase the scarcity of ETH. As mentioned before ETH supply on exchanges is already at a multi-year low, once coinbase implements staking a significant portion of the ETH being traded on coinbase and other exchanges will "poof" and be locked away. This means way less circulating supply which economically should put upward pressure on the price. + + +The Ethereum Devs are now also going to try to merge to POS (full proof of stake with **zero** mining) a lot sooner as early as fall, which means in 6 months time there could be no miners dumping coins every day on markets. This is a significant point because the people who are now earning the "new" ETH being minted are the hodlers, and because the those users do not have a lot of up front or fixed costs, what do you think they are going to do? Sell all their rewards instantly (like the miners do now) or continue holding and letting their rewards grow in value? +The switch to POS will incentive people to hodl and remove selling pressure from ETH. + + +3) **Scaling** - the top 2 scaling solutions coming out in the next few months are optimism and arbitrum. (Optimism just announced yesterday their release is confirmed for July and Arbitrum is right now in their final testnet and will most likely launch before Optimism) They will allow dapps to basically copy paste their code and onboard onto a super fast highway where essentially they can do hundreds to thousands of TPS for almost no cost. Think Elon building his underground tunnels under LA, thats how L2 will work. People will be able to seamless board and unboard and go super fast from A to B and get back above ground (L1) all while reducing congestion and costs. This will be incredibly bullish for the ecosystem because 1. fees will substantially go down in the network, 2. More ETH will be locked up in protocols because a lot of the DEFI applications will once again be cheap to use for the average user. Uniswap for example which is the number one gas user on the network is going to launch with Optimism shortly after its May 5th launch (one month away). Once that happens between 20-30% of the congestion is going to come off the network lowering fees **substantially** and increase the usage on the network. **ETH will be the most used blockchain in the world by a long shot.** + + +4) **Economies of Scale** - Just like when the internet went from dialup to broadband to high speed to fiber this evolution enabled brand new usecases and applications to exist, like online streaming, online gaming, social media etc the Ethereum blockchain and its scaling will enable entirely new and innovative use cases. This nascent "bubble" in NFTs is an example of one of these new use cases in its infancy. Right now, it looks like random, hype driven, mania. **But what happens when online games that are integrating with ENJIN and Ethereum let you trade your in game items "across" platforms?** You have a rare item in world of warcraft that you can then trade for something rare in Fortnite or Diablo or whatever.... the gaming industry is a multi billion dollar industry and this is the first time in history that users will be able to truly **own** their in game items.....NFT's all of a sudden stop being a bubble and have real world applications in a very powerful way. This is just one example of the possibilities that come with the growing economics of scale in Ethereum, and we are already starting to see them unfold. + + +5) **Technicals/Historical patterns/Risk Reward Opportunity** - ETH the last bull run outperformed Bitcoin the entire cycle. The ETH BTC ratio went over .1, which is over a 3x from its current ratio now. The ratio has also been in an ascending pattern for the last 6 months and right now we are at the bottom of that pattern and if we continue it are going to make a substantial move up in the coming months https://np.imgur.com/a/g8z4Nwq The chart pattern would also coincide with all the "news" of the coming developments listed above, staking on coinbase, EIP 1559, scaling all of that, so we could very well see a massive bullish move on Ethereum in a "perfect storm" of great news, development, and technical analysis. + + +**TL:DR:** In short after EIP 1559 Ethereum, very much like Bitcoin, will have increasing scarcity and significantly increase its viability as a store of value. **But in a uniquely new way it will be able to combine that scarcity also with an increasing and incredible amount of utility**, with more and more ETH locked up, collaterilized, staked, burned up in gas, and used in dapps and transactions. It will be like if gold which is already a rare asset, all of a sudden needed to be used to build all the roads, buildings, structures and businesses of society. Thats what ETH is to the ETH ecosystem. + + +**The increasing scarcity and increasing utility of ETH will be a deadly combination.** + +So why am I telling you all of this? Because for a change, Id like to see the new guy get ahead of the curve and buy before the massive potential pump while the waters are quiet, not when every headline is screaming buy buy buy and price has already pumped. And because I am sick and tired of seeing noobs getting screwed over by all these scammy youtubers, shills and other trying to take advantage of new investor ignorance. I was once in your shoes and it sucked not knowing what to believe (it still sucks) and seeing so many people trying to manipulate me into buying their stupid hype coin with no future. + +I got so much flak from people for posting this like Im trying to "pump my bags"..... to those people I say: I own Ethereum obviously because Im not a hypocrite, but if you think one post on reddit from a nobody is going to swing the markets up 100's of dollars and make me rich........lol. + +At the end of the day, do whatever you want, but this is exactly the sort of content I joined this sub years ago for, and over the years it was posts like this that helped me understand and make better investment decisions, and so this is me just trying to give back. Good luck. +*Introduction* + +Hope everyone had a good Memorial Day! Not sure what everyone else did, but I took some time to do some finance stuff. I don't know that I came to any earth shattering conclusions, but I appreciate seeing these kind of posts from others so I figured it was my turn to participate. + +*About Us* + +Me (33M) + Wife (31F) + 2 Kids (3 and 1). I work in public education (college prof) in MCOL college town, wife is SAHM. We both are invested in finances, but I am more strategic/long term planning and she is more tactical/in the weeds. Don't kick me out - I don't really have a Fat FIRE number (although part of why I did this was to make one), more just a goal of being able to normal FIRE if something catastrophic happened and being able to FAT FIRE by 45 or so if I want to. + +This post reflects our real situation (well, I rounded the numbers off to help with anonymity). One of the big themes of this post is that you can tell different stories depending on what you decide to focus on. If you want to argue that we've had life handed to us on a silver spoon, it is an easy argument to make (both parents paid for undergrad, great job, large gifts from family, etc...). Likewise, if you want to argue that we've worked really hard to grind every ounce out of those opportunities, that is also an easy argument to make (we both earned full rides with scholarships/stipends always in excess of tuition costs [i.e. we made money while getting all the way to a Ph.D. for me and a B.S. for her], we lived frugally early on and only slowly inflated lifestyle, we both work hard). + +Ultimately, it is clearly a combination of both. And now, enough talk - time for numbers. + +*TopLine - 2018 Income and Expenses* + +As promised, a pretty graph of all income/expenses/savings in 2018 - https://imgur.com/gu8rw2H. Key things that jumped out at me (and let me know your thoughts too): + +* I always knew I had a good salary/bonus, but wow total comp is higher than I realized. Employer health insurance + retirement matching is incredible (about $40,000 - basically a second "bonus" right there). + +* After looking at the graph, I can't decide if we live really cheaply or really extravagantly. Argument for extravagance - holy guacamole, did we really spend 180k last year? I feel a little sick looking at that number. Argument for cheaply - let's think about this in a recurring retirement context with a paid off house, cheaper healthcare plan (employers is way more than what we need), and scaling charity down according to new income/spending (since we target 10%). That puts recurring expenses at 50-60k without really trying to squeeze the budget. + +* Yes, we give a bunch of money away ($40,000 last year, $30,000 recurring). It is our single largest expense (certainly discretionary expense). We're a family of faith, and while I don't preach "prosperity gospel" I do believe that tithing is pretty clear and God means it when he says "From everyone who has been given much, much will be demanded; and from the one who has been entrusted with much, much more will be asked." Anyway, this sub will probably give me more leeway here than some. Credit also goes to my wife here for managing all the different requests, checks, schedule, etc... + +* The 401(k) is really a combo 403(b), 401(a), and 457. Thank you IRS for giving us more tax advantaged space! Roth is obviously the backdoor kind. + +* Nice to have basically $0 for childcare apart from pre-school tuition (which, granted, is a luxury since it is more to give our older son a head start in life versus childcare). Also nice to help keep groceries and housekeeping pretty low - again, wife adding value here even though it doesn't show in the income side. + +* We basically do Dave Ramsey light by avoiding most debt (nothing other than the house on 15 year note). We still use credit cards for rewards and don't listen to his investment side at all. That explains the one-time hit for a new car (2018 Honda HRV) but the lack of ongoing car payments. Wife drives a 2016 Honda Odyssey Minivan, so hopefully we will be set on cars for another 7-10 years/until true driver-less tech comes out. + +* Top Expenses by Category - https://imgur.com/xzXekCk. Note I grouped expenses differently here than above. This is more of a "cash" focus while above I tried to be more holistic. + +*Investments and Projections for the Future* + +* Sorry, this section is a little more boring. Nothing particularly exotic here, except perhaps in response to all of the "can I FAT FIRE on VTSAX only?" questions. + +* Total networth is about 1.5M (including home equity) or 1.25M (investable assets). + +* Asset allocation is ~70% VTSAX, ~20% VTIAX, ~10% VBTLX (or equivalents at other brokers). Question - should I hold VBTLX in a taxable or tax advantaged (traditional or Roth) space? I have it in taxable right now since I'd rather let the equity growth ride in tax advantaged space, but Bogleheads seems to disagree with me. My thinking is I'll do a bond tent in the style of the ERN's and draw down from bonds first in retirement. What do you all do? Assume a 25% all in marginal rate and equity returns at 10% nominal/8% real. + +* Assuming current investable assets are 1.25M, we add 125k/year, and the market grows at an 8% real rate we will have about $6,500,000 in today's dollars at 45. At a 3% withdrawal rate, this would yield just under $200,000 - wahoo, this is greater than total current spending! +My partner and i are doing the 5% first home buyers deposit scheme, meaning no LMI. + +I see a lot of people saying borrowing this amount is way too much which with the current rates i dont understand. + +Me and my partner are both earn 70k a year each. Currently paying 420/week in rent with ease. The difference in quality of houses in newcastle from ~620k to ~680k is huge thanks to all the first home buyers. I think for future growth potential it makes sense to pay that bit extra. + +We are able to get a 3 year fixed rate resulting in payments of $284 each per week, which seems quite manageable for us. + +After 3 years we will both be on more money and will have paid the loan down a bit, and worst case we can potentially sell and downsize. + +Am i crazy, please tell me your thoughts. + +TIA +Be paranoid. Especially right now when there's tons of new people (myself included) in this group. I'm seeing a ton of companies being pumped up by brand new accounts with like 2 karma. Also in my opinion a ton of people are going to get hurt. All the bagholders are using this time to pump up their bags so they can finally unload. Just be careful do your own DD and may you have a trigger finger from the old west. Happy trading! +Hi everyone, + +I am 29 years old and I live (with my parents) in Toronto. I have just over $190k in savings currently and I have it sitting in: + +\- \~85k in an RBC “high interest” savings account + +\- 10k in a GIC earning almost nothing + +\- \~30k in an RRSP + +\- \~67k in TFSA + +So, basically, it’s just sitting there and gathering dust. I’ve been pretty good at saving, but I find investing extremely overwhelming and I just don’t get it. I realize how stupid this sounds and I feel so dumb. I’ve been reading and watching YouTube videos but with all the options and terminology, it’s really hard to wrap my head around how to be smart about investing my money. I just opened an account with Motive so I can at least earn some interest on money that’s just going to sit there. + +A bit more about my situation: + +I make around 62k at my full-time job, where I also contribute to a defined pension plan (so the RRSP isn’t my main source of retirement income for now). I also do freelance work and that adds up to about $10k a year. I put 100% of that income into my RRSP. I am currently looking to buy a condo, but my budget is low (under 500k) and the market sucks, so I don’t know where that’s going to go. Obviously, I want to move out as soon as possible, but living with my parents is letting me save about $30k a year (not counting RRSP savings). + +I guess my question is…what should I do with my money? What would you do in my situation? I am very risk-averse because this is all I have, and it took me over a decade to save it up so I’m very emotionally invested. My income is pretty low and I don’t have a lot of opportunities to raise it at the moment. Sorry if this was very rant-y, but I would really appreciate any help or advice because this isn’t my area of expertise at all and I have no idea what I’m doing. + +Thanks so much! +Total noob to investing and have been trying to find more information on how to better evaluate the companies I'm looking to invest in. I've been watching Richard over at the Plain Bagel (local Ottawa guy like me and he's a really nice dude! Met him a couple of times) and he's mentioned a couple of things to consider when looking to invest in a company. Here were the 5 I picked out from his videos: + +1. Company History +2. Debt +3. Balance Sheet +4. Profitable? +5. Trends in the market + +Is there anything else you all consider before investing in a company? Anything you think other noob investors should add to their checklist? +Hi guys, + +Been a lurker for a bit and recently have been frequenting this subreddit for any advice. Wife and I have about 13k invested right now with the bulk of it into wealthsimple. We have 30k ready to invest and are thinking about investing into VFV, XEQT and some TSLA possibly. We are also thinking of pulling out of wealthsimple and buying our own index that was suggested in CanadianCouchPotato. + +Any advice would be greatly appreciated +Currently holding Canopy Growth and edging to hold until mid\-tomorrow. Experiencing a FOMO situation right now, but my gut is telling me to hold. Share your thoughts here! +I think tomorrow will be a 'two circuit breaker' type of day until the fed steps in and start buying trillions of dollars of stock directly which is the new rumour on next steps to help the market since today 100 basis point interest rate cut doesn't seem to be working. + +What WSB did to GME as a community literally has never been done in the market before. There may eventually be some regulations on this soon because of what happened, but there is still time to do it more times with other stocks. And now that the media is covering the GME gains and giving WSB credit, that’s going to make so many more new people want to hope on the next big one, like BB once the media puts WSB behind BB gains, we won’t be going to the moon, we will be going to f*cking mars +Posted this in the daily, but thought it would be helpful to have as its own thread. + +There's often discussion about the claims from new and unreleased networks (e.g. EOS, ADA, ZIL, etc). The latest today was a big announcement by Hashgraph [(link)](https://www.hederahashgraph.com/platform). I took a quick look, here's what I found so far: + +PROS + +* Hashgraph's Hedera network will be a very fast and provably fair DAG network that uses proof of stake. + +* it will use a patented algorithm that makes it different (better?) than other DAG networks like Byteball and NANO. From an investor's perspective, this is attractive since it limits natural competition. + +CONS + +* Token will be distributed in a pre-sale + +* There will be 39 organizations/companies that decide on protocol changes + +* it uses a patented algorithm that makes it impossible for part of the community to fork away if they disagree with the *ruling majority* of the 39 organizations that govern the network. From a user or developer's perspective, this is a CON since it means that there's *legal* barriers to forking the network. In Ethereum (and then in Bitcoin), we already saw that when a minority of users disagreed with the direction that the network was going in, they had the ability to safely fork away. ETC and BCH are the result. We assume that won't be possible with Hashgraph, since their lawyers could go after anyone maintaining the code of the forked network (or so I presume). So from a user/developer perspective, if you buy into this network, you're stuck with whatever the ruling majority of the 39 governors decide to do with the network. Hopefully you agree with their decisions. + +* According to an [old post](https://www.reddit.com/r/ethereum/comments/78zwmg/blockchain_just_became_obsolete_the_future_is/doygdmq/) by /u/nickjohnson: *"The main issue I see is that the number of full nodes that can participate is limited: adding a new full node requires every full node to do more work, so it doesn't scale to large numbers of nodes. How much that matters depends on whether you could build a light-client type system around it."* + +A more detailed write-up made by a dev from Zilliqa (ZIL) is available here: +https://hackernoon.com/demystifying-hashgraph-benefits-and-challenges-d605e5c0cee5 + +Whether or not the pros outweigh the cons, keep in mind that: + +* Hashgraph claims they will solve scaling with their mainnet release by May '18 +* Zilliqa claims they will solve scaling with their mainnet release by June '18 +* EOS claims they will solve scaling with their mainnet release in June '18 +* AION claims they will solve scaling with their mainnet release by Sept '18 +* NEO already claims they solved scaling and everyone laughs +* Cardano claims that they'll solve scaling eventually + +Meanwhile, Ethereum is on track with several scaling solutions in the form of: + +* Multiple independent implementations of Plasma 'child' chains (e.g. OmiseGO will be one) + +* Sharding (essentially what Zilliqa is promising) + +* Raiden (payment channels similar to Bitcoin's Lightning network) + +* Loom Network (application specific side-chains backed by Ethereum) + +* At least two different implementations of state channels (by the devs over at FUN and Spankchain) + +* Casper (proof of stake transition for Ethereum, which will play out in two phases) + +* And most recently, Plasma Cash (a lighter version of Plasma that scales better for users). + +Timelines vary, but everything seems planned for release in late 2018 or early 2019. + +Interestingly, Loom Network will be announcing more details on their scaling solution tomorrow, see: +https://www.reddit.com/r/ethtrader/comments/845ht4/first_dappchain_live_on_loom_network_scaling/ + +So does Hashgraph change anything? Not really, since they're just the latest contender to make big claims about scalability before launching anything. Their unique offering seems to be provable fairness, but it's not clear yet how important this will be to most dapps. I guess it's possible Hashgraph carves out a niche in the ecosystem of networks (connected by AION and COSMOS). + +tldr: Hashgraph (along with all the others) will have their shot to pump their tokens this spring/summer, but unless they want to do more than pump, they'll have a *very* short window to get developers and businesses to switch networks. +Has anyone started playing this at all or looking into it in depth? I had no idea it went live, seems to be somewhat under radar. Still reading through the gameplay mechanism, but it seems to be a sort of crossover between baseball card collecting and fantasy sports. Curious if anyone has any thoughts? + +https://www.mlbcryptobaseball.com/ +Can someone please explain the value of the DGD tokens? As far as I understand, in the last AMA the devs stayed that DGD holders will not receive a percentage of transaction fees. If holders do receive transaction fees then this is clearly a security, which is why Bittrex de-listed it. +[https://medium.com/cc-connecting-crypto-with-banking/david-meets-goliath-the-story-of-open-banking-6805dc8bb0ae](https://medium.com/cc-connecting-crypto-with-banking/david-meets-goliath-the-story-of-open-banking-6805dc8bb0ae) + + +Hello there guys, found this read on Medium. What do you think about PSD2 and crypto perspectives in Europe? Looks optimistic to me but almost too good to be true. Thoughts? +Hi, +I have had a repeated issue with my dentist where while the claim is processing or, in this case three months after payment was made, my dentist bills me the full amount. Upon calling the insurance company, they inform me that because the dentist is in-network, this behavior is not allowed as the insurance paid the entire allowed amount. Patient responsibility is listed at 0$ for preventative care, however I am still billed for the service. The office billing person works from home and does not return phone calls, nor does she answer the phone. The receptionists, when I have gone down there, tell me the balances in the computer do not match the bills I receive in the mail, nor what the insurance company says (0$). The insurance company says I can’t file a fraud complaint without trying to work it out with the office, but they are not responsive to contact attempts. Is billing a patient after they’ve already received a full payment from patient insurance illegal/ what can I do about this? +I, like many others, paid $10 (or some amount) to both of those bureaus to place a credit freeze due to the hack. I can't imagine that any financial fallout would befall either company since they were not responsible for the hack. + +Shouldn't both of these companies be posting massive revenues because of this? +I have been regularly learning about FI and working hard to save. Thanks to this community for being a resource and motivation. + +I was a struggling farmer and went back to school to get my RN license while working part-time off the farm. I have been working 29 hours at my current employer over a year and got offered a raise and full-time position there this week! + +My family has been getting by with me working 29 hours as a nurse and direct support, and modest farming income. At my employer I was earning 30k a year and will now be at 58k with benefits. I am grateful for this. I feel I can max out my retirement accounts now and will end up with a little increase in my current biweekly pay. + +We saved what we could along the way and have around 30k in IRAs so far. This will greatly increase our savings rate. I bought some farm management books and ate, drank, and was merry with my family to celebrate! Any of you that are still working towards a job with benefits as I was, know that it can be done with good and strategic effort. +This has been one of the most helpful, generous subs I've come across. I'm all for being a smarmy goof sometimes, but everyone here has been really patient and explanatory. I've been able to learn a lot more/easier through conversations and everyone's scenarios instead of just reading a bunch of abstract terminology. Thank. +Good Morning Apes! + +Another glorious Friday is upon us. With China's Markets being open for the first time this week we got a little peak into what is likely for the US today, up. With GME continuing to have extremely low volume I expect wee can see some upwards pressure similar to the last couple days. While it will take a decent chunk of volume to push us past max-pain @ $175 it is possible. From a technical standpoint GME is looking ready for a bounce with IV very low, a solid bounce signal on the EMA 160, and a nice trend on the RSI and MACD on the 4 -hour I expect at least a continuation of yesterday's slightly up trend. + +My current theory on GME price action: [Futures Anomaly Theory](https://youtu.be/r7LMjf_p0XQ) + +Check out this weeks analysis here: [Weekly Analysis](https://www.reddit.com/r/Superstonk/comments/q0v86q/jerkin_it_with_gherkinit_forward_looking_ta_for/) + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 185, 187.5, **190**, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 226, 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 Hours + +Well I'm glad that one is over, pretty sure our volume for today deserves some kind of medal or small plastic trophy. Next week is looking pretty primed for some interesting action and we still closed green for the day. Thank you all so much for hanging out and following along, it definitely made the days go by faster. I'll see you all Monday have a great weekend! + +\- Gherkinit + +https://preview.redd.it/fqgb655b9as71.png?width=798&format=png&auto=webp&s=b68e4694bd05176e23fa4bfcc4e1848034b08eb7 + +Edit 5 2:21 + +2 hours later and volumes is now at 581k if anybody is actually still reading this + +https://preview.redd.it/ynekib7uq9s71.png?width=1506&format=png&auto=webp&s=0417cb4635b85f197cb554f946e8a9653aeaa540 + +Edit 4 12:21 + +&#x200B; + +https://preview.redd.it/mttm1xnd59s71.png?width=801&format=png&auto=webp&s=d0352e342bedb6fda704a9d2d726c8a28f098ca1 + +Edit 3 11:54 + +After repeated low volume failed tests at 175 GME is now trading slightly below it. However the gap fill up to 174.80 was cool. 407k volume... + +https://preview.redd.it/w96ai61t09s71.png?width=1518&format=png&auto=webp&s=32e9870db6336adf21a0e9fa781dc9f3c504ace4 + +edit 2 10:31 + +our second highest volume candle since open at 16k shares...total daily volume an hour in 182k. + +https://preview.redd.it/ispregexl8s71.png?width=1525&format=png&auto=webp&s=fadd48c9845ddd379b77de03a9f188eff8c360f1 + +Edit 1 10:00 + +I wanted to do the first update at 10am or 100k volume whichever came first, well guess what? + +https://preview.redd.it/h6q5s0g5g8s71.png?width=1515&format=png&auto=webp&s=b4b3959eceb7cc8c343b36f28f106606fbed5a13 + +# Pre-Market Analysis + +Lowest pre-market volume this week at 4k so far today, IBKR with 35k and Fidelity with 652k shares to borrow. A strong push at open looks like it fill a tiny gap around 174.80 but the way volume looks currently I would not expect to hold over max pain. Likely another day trading between 170-175. RSI and MACD are both looking very promising on the 4h combined with the bounce on the EMA 160 we actually look really bullish from a technical standpoint, I just expect that price action to occur next week. + +[GME pre-market 1m](https://preview.redd.it/9rx19p3s48s71.png?width=1520&format=png&auto=webp&s=fe3e5436f68124862e52b7c2126a03db419fa2b3) + +Expected price action played out mostly as expected this week but or bounce on the EMA 160 was pretty weak and had almost no volume. That combined with the unpredictable market action led to the pattern playing out similarly but about $8 dollars lower. + +[This weeks predicted trend ](https://preview.redd.it/kvv3mb8i58s71.png?width=1777&format=png&auto=webp&s=9b7e902bf2cfd375d17a303ecb177da7f51f1847) + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500. :)* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +I was reading an article about a deal where the investor was planning to finance it with 40% equity, 40% debt from a bank loan and 20% mezzanine financing. + +I think I get the equity and debt financing part: The investor himself will put up 40% of the cost for equity in the project. 40% will be loaned from a bank on which interest will be paid. + +So the final 20% of mezzanine financing is some lender who comes in behind the bank and puts up 20%? Is it equity or debt? What exactly makes it "mezzanine" compared to the bank loan? + +Thanks :) +So...I have $1200 coming in, but not for a while so I need the $1200 now. I need to pay off rent and a few other bills. Is the bank my best option? I have had an account there for years. I have bad credit due to student loans. I don't have any credit at all based off credit cards (not good, nor bad). I need $1200 cash before April 29. I live in New York City. If anyone can tell me of another place besides banks, then I am open to recommendations. Thanks. +stumbled upon this review for the Ethereum stablecoin from Switcheo Network which I found pretty helpful for me. What do you guys think? + + +p.s. I do not take credits for this. Link to source is below + +&#x200B; + +Dai Stablecoin (DAI) + +The Dai Stablecoin is a stablecoin whose value is kept stable relative to the U.S. dollar through the use of Collateralized Debt Positions (CDPs) via smart contracts deployed by the Maker Foundation. As the amount of DAI issued is done algorithmically through a set of Ethereum smart contracts, DAI are not backed by fiat. At present, only Ether is accepted as collateral and 1 DAI can be issued for every \~US$1.50 worth of Ether locked up. + +#### Attributes: + +* **Issuer:** [Maker Foundation](https://makerdao.com/) +* **First Issue Date:** 19th December 2017 +* **Type:** Algorithmic via Ethereum Smart Contract +* **Collateralization Ratio**: 150% Ether +* **Circulating Supply:** 54,095,460 +* **Total Markets:** 14 Exchanges +* **Notable Exchanges:** KuCoin + +#### Pros: + +* Does not rely on a centralized entity to hold U.S. dollars in order to back each DAI token (i.e. trustless) + +#### Cons: + +* Black swan events where the USD price of Ether drops rapidly could cause DAI’s value to de-peg from the U.S. dollar +* Relies on a centralized oracle feed for pricing +* Low liquidity, supported on very few exchanges (only one notable) +* No exchange that supports DAI also allows withdrawals of U.S. dollars + +#### Summary: + +Even though Dai is only backed by Ethers currently, the stability of Dai has been shown to hold through drastic drops in Ethereum dollar value thus far. This gives a significant amount of end-user confidence in the ability of the Maker CDP contracts to maintain the DAI token value at US$1. + +However, Dai’s major technical weakness is that it relies on an oracle feed which provides the smart contracts with the dollar value of Ether. Should there be an error in providing this value, the value of Dai could de-peg. In addition, Dai suffers from low liquidity, with only $51m issued, and only one major exchange supporting it. + +Furthermore, as Dai is mainly supported by decentralized exchanges, there is no current direct way to de-tokenize and exchange DAI for U.S. dollars. + +### Gemini Dollar (GUSD) + +The Gemini dollar is a stable coin issued by Gemini Trust Company, which runs Gemini Exchange. The reserve U.S. dollars that backs each GUSD issued are held at State Street Bank. The amount of U.S. dollars in holding by the above bank has been attested by independent auditors and can be found [here](https://gemini.com/dollar/#reports). + +#### Attributes: + +* **Issuer:** [Gemini Trust Company, LLC](https://gemini.com/) +* **First Issue Date:** 10th September 2018 +* **Type:** Collateralized by a regulated [Trust company](https://www.investopedia.com/terms/t/trustcompany.asp) +* **Collateralization Ratio:** 100% United States Dollars +* **Circulating Supply:** 88,241,498 +* **Total Market:** 29 Exchanges +* **Notable Exchanges:** Gemini, Huobi + +#### Pros: + +* Gemini is a Trust company that is regulated by the New York State Department of Financial Services, making them one of the strongest entity in terms of credibility in their ability to back GUSD token with actual U.S. dollars. +* Collateral that is held in the reserve bank is [attested](https://gemini.com/dollar/#reports) by an independent auditor on a monthly basis. +* Gemini Exchange allows for withdrawals of GUSD to users’ bank accounts as U.S. dollars. + +#### Cons: + +* The ERC-20 token has the functionality to freeze transfers for any address, which is meant to be used by law enforcement. This also means that there is a degree of trust required that Gemini will always act in good faith of the user. +* Not supported on many major exchanges besides Gemini itself + +#### Summary: + +Of the non-trustless tokens, the Gemini Dollar is one of the strongest in terms of providing end-user confidence in the pegged-value of the token — firstly due to the standing of the backing company, and secondly, due to the ease of conversion of GUSD tokens into U.S. dollars. + +Furthermore, Gemini Exchange has no withdrawal fees, and any conversion fees would have been “baked-in” by their higher than average trading fees (at 1% for small trades), making it a good choice for off-boarding of value from the Ethereum blockchain. + +While the amount of exchanges and tokens issued is on the low side, this has been steadily growing since the token has been launched. + +### Paxos Standard Token (PAX) + +The Paxos Standard is a stablecoin issued by Paxos Trust Company. The reserve U.S. dollars that backs each PAX token issued is held in various unnamed U.S. banks. The amount of U.S. dollars in reserve has been attested by independent auditors and can be found [here](https://gemini.com/dollar/#reports). + +#### Attributes: + +* **Issuer:** [Paxos Trust Company](https://www.paxos.com/standard/) +* **First Issue Date:** 10th September 2018 +* **Type:** Collateralized by a regulated [Trust company](https://www.investopedia.com/terms/t/trustcompany.asp) +* **Collateralization Ratio:** 100% United States Dollars +* **Circulating Supply:** 153,927,138 +* **Total Market:** 18 Exchanges +* **Notable Exchanges:** Binance, KuCoin, OKEx, Huobi + +#### Pros: + +* Paxos is a Trust company that is regulated by the New York State Department of Financial Services, making them one of the strongest entity in terms of credibility in their ability to back the PAX token with actual U.S. dollars. +* Supported by many major exchanges +* Collateral that is held in the reserve bank is [attested](https://www.paxos.com/standard/attestations/) by an independent auditor on a monthly basis. +* A relatively high number of tokens issued, which should give the token decent liquidity. + +#### Cons: + +* The ERC-20 token has the functionality to freeze transfers for any address, which is meant to be used by law enforcement. This also means that there is a degree of trust required that Paxos will always act in good faith of the user. + +#### Summary: + +Similar to the Gemini Dollar, the Paxos Token Standard is issued by a Trust company under the jurisdiction of the NYDFS. It has a moderately high number of issued tokens and supporting exchanges, indicating good user support. + +While PAX is supported by many major exchanges, none of them supports withdrawals of U.S. dollars. However, it should be noted that PAX tokens are redeemable as USD directly from the Paxos [dashboard](https://standard.paxos.com/) upon passing KYC verifications, giving it at least one avenue of fiat off-boarding. + +Overall, the Paxos Standard Token seems to have the ideal trade-offs in terms of end-user trust and liquidity. + +### TrueUSD (TUSD) + +The TrueUSD token is backed 1:1 with the U.S. dollars with its stability based on USD held in the bank accounts of multiple trust companies that have signed escrow agreements. + +#### Attributes: + +* **Issuer:** [TrueCoin, LLC](https://www.trusttoken.com/trueusd/) +* **First Issue Date:** 6th March 2018 +* **Type:** Collateralized by escrows that TrustToken deems trustworthy +* **Collateralization Ratio:** 100% United States Dollars +* **Circulating Supply:** 211,842,000 +* **Total Market:** 36 Exchanges +* **Notable Exchanges:** Binance, KuCoin, Huobi + +#### Pros: + +* Supported by many major exchanges +* High liquidity due to a large number of tokens issued combined with a large number of exchanges supporting the token + +#### Cons: + +* No exchange that supports TUSD allows for withdrawal of U.S. dollars +* Unclear trust model for end-user due to separation of token issuer and U.S. dollar reserve entity +* Direct redemption of TUSD is only open for “[high-volume traders](https://www.trusttoken.com/trueusd/redeem-trueusd/)” +* Purchase and redemption process is not ideal for retail users + +#### Summary: + +TrueUSD has the highest number of supporting exchanges and tokens issued, indicating high user support. + +Ironically, it seems to suffer from the most trust issues for the common user. + +First off, it has a convoluted trust model, whereby TrustToken delegates the reserve of USD to third-party Trust companies (note that the TrueUSD issuer itself is **not** a Trust company), making it difficult to assess which entity, if any, has the legal liability for each TUSD token that exists on the blockchain, and each U.S. dollar put into escrow. + +On top of that, the redemption process for TrueUSD does not seem to be open to the general public at the moment. + +While TUSD is the oldest of all stablecoins listed here, it seems like it could be overtaken soon in terms of usage by newer competitors which have simpler redemption models. + +### USD Coin (USDC) + +The USD Coin is a stablecoin jointly launched by Circle and Coinbase. The collateralized U.S. dollars are held in accounts by a subject to regular [attestation](https://www.centre.io/usdc-transparency) of reserves. It is the newest of all the listed stablecoins here. + +#### Attributes: + +* **Issuer:** [CENTRE Consortium](http://centre.io/) +* **First Issue Date:** 24 September 2018 +* **Type:** Collateralized by Circle +* **Collateralization Ratio:** 100% United States Dollar +* **Circulating Supply:** 201,803,383 +* **Total Market:** 24 Exchanges +* **Notable Exchanges:** Binance, Coinbase, KuCoin, Huobi + +#### Pros: + +* Supported by many major exchanges +* Collateral is [attested](https://www.centre.io/usdc-transparency) by an independent auditor on a regular basis +* Both the Circle and Coinbase exchanges allow for withdrawals of USDC to users’ bank accounts as U.S. dollars. + +#### Cons: + +* While [Coinbase Custody](https://blog.coinbase.com/coinbase-custody-receives-trust-charter-from-the-new-york-department-of-financial-services-532c92797215) is a Trust company regulated by the NYDFS, Coinbase Inc, and Circle which forms the CENTRE Consortium are separate entities which may not fall under similar levels of scrutiny. + +#### Summary: + +USDC is the newest token of the listed stablecoins. Due to the fact that it is supported by two major exchanges with strong brand names which allow fiat withdrawals, it has seen rapid growth in adoption, as seen from the large amount of issued tokens. + +Although Coinbase Inc. has a BitLicense issued by the NYDFS, it is distinct from being a fiduciary (like Gemini Trust), and it is likely that the USDC token is not subject to any capital reserve requirements by any government entity. + +As Coinbase is more popular with retail traders as compared to Gemini, which targets institutions, it seems that this stablecoin could end up with a dominant position as compared to the alternatives, at the cost of slightly lower end-user trust. + + +Source:[https://medium.com/switcheo/switcheo-exchange-usd-stablecoin-community-poll-8894e032f45](https://medium.com/switcheo/switcheo-exchange-usd-stablecoin-community-poll-8894e032f45) +there is literally 0 reason for eth to tank right now. byzantium and three conferences as well as more big names joining EEA + + + +could it be some artificial dump before a large entity enters the market? + + +yes I know that all alts go down as well, but eth is years ahead of 99% of all alts +I'm 28 and I've spent £48,000 on rent since I moved out of my parents house. + +My current savings are at £42,000 - and it is massively depressing to see every month, the total I've spent on rent is constantly ahead of the total I can save. I rent in London. + +My bedroom in my shared flat is currently around the same size as a medium SUV. + +So historically the idea has always been to buy a cheap property to get on the ladder, but that simply isn't possible any more. Even the smallest, roughest studio in the area I'm looking is £300,000 minimum. **Essentially, looking in London on my salary, I'm going to need a £100,000 deposit.** + +**My proposal, and why I'm looking for advice:** + +* Buy a reasonably sized car using the 'house deposit' I've saved outright for £42,000. +* Car is 1 or 2 years old with less than 5,000 miles on it, to avoid the immediate depreciation of buying a new one. Probably an ex-demonstrator or display car. +* Compress my working week into 4x10hr days - so no Fridays. +* Park near work and sleep in the car Sun/Mon/Tue/Wed nights. +* Shower at work or Gym. +* The car has a standard UK power outlet as standard - so Microwave/Kettle is no problem. +* Small camping hob can be used if I require that level of food prep. + +**Logic for buying the car outright:** No outstanding loan/finance agreement - No interest to pay. Although with interest rates being so low - maybe there are some good options now? + +**Logic for not buying a cheaper car:** + +* If I'm going to live in it, it should be comfortable and reliable. +* If I buy a car for £20,000 and sell it for £15,000 - I've lost the same as selling the £42,000 car for £37,000. Generic example - but I don't think the depreciation will scale too badly. +* I'd like to travel Europe/UK in it. Again, comfortable and reliable are key. +* I have slept in cars a few times on roadtrips and never had an issue with it. I quite enjoy it. + +**Problems/Questions:** + +* Legality - is this even legal? +* Insurance - I mean I guess they don't even need to know - but any advice? +* Parking - any advice on this? Ideally I'd just find somebody with a cheap space to rent. +* Running costs of the car - this is meh really, as it will still only be 10-15% of the rent I pay. +* Laundry - There are a lot of places in and around London to do this...but what is the best/cheapest? +* What things have I missed? + +**Goal:** + +* Living in the car I'll save £800 a month that I usually spend on rent +* Travel the UK and Europe in the 'vanlife' style +* The car should maintain 75%-80% of its value - so I'm able to sell it +* When I'm not using the car (if I'm away), I can rent it out on Turo/HiyaCar for extra income + +It is an idea I've had for a while. Looking for some insight from people who've tried it! + +Thanks. +First, don't mind the tag, this isn't a shitcoin. + +&nbsp; + +I've invested in tons of shitcoins and this is the only one (not a shitcoin btw) I've been in since the day one and have no intention to let go anytime soon. +The community is nothing like you've ever seen, people are polite and gathered together with one simple goal in mind - to be a part of something great. +The core group or the "devs" as we call them in the Telegram channel are beyond something I've ever encountered, props to the mods as well, it feels like these guys work 24/7 +and have already done so much, it leaves me speechless. Enough with the praises, check it out for yourself, check the milestones and other stuff, but more importantly, please +do yourself a favor and check their AMA that concluded a few hours ago. + +&nbsp; + +Oh btw, there's already 50k in the charity wallet and well over 4.5k holders! + +&nbsp; + +✅ GAPT - FUTURE OF CHARITY TOKENS! + +&nbsp; + +🔹 WHY IS $GAPT THE FUTURE? + +* $3.5 Million Market Cap +* Only 1 week old! +* Highly Experienced Dev and Marketing Team +* Community Decides Where the Money Goes! +* Incredible Telegram and Reddit Community! + +&nbsp; + +✅ ALREADY ACCOMPLISHED! + + +* Website and Social Media Launch +* Developer Dox +* Application Submitted to CoinGecko +* Trust wallet logo +* Listing on Delta + +&nbsp; + +🔹 ON GOING + +* Marketing +* Coin Market Cap +* Blockfolio +* Charity Donation Portal Development +* Website Redesign - (Check Prototype Progress: https://invis.io/G810S68962MY#/450074414_Gapt-Home-V01) + + +&nbsp; + + +🔹 Tokenomics + +* 10% Fee on Every Transaction +* 2.5% Distributed to Holders +* 5% Added to 10 Year Liquidity Lock +* 0.5% to Charity Wallet +* 0.1% to Community Wallet +* 1.9% Burned Forever + +&nbsp; + +✅ First AMA accomplished tonight! See the transcript! + +* TRANSCRIPT DOCUMENT: https://t.me/GAPTCHAT/32172 +* FULL AMA VIDEO: https://www.youtube.com/watch?v=HgU7AYtoO9o&t=1964s + +&nbsp; + + +🔹 Chart: + +* https://charts.bogged.finance/?token=0x63a4644142CA6dc83CfE0E2bdba8d62174491fD8 + +&nbsp; + +🔹 Dev Doxxing: + +* https://twitter.com/Christo50366544/status/1383300879722242052?s=20 +* https://t.me/GAPTToken/31 +* https://t.me/GAPTToken/20 +* https://t.me/GAPTCHAT/2617 +* https://t.me/GAPTToken/41 + +&nbsp; + +🌎 Global Links + +* Website: https://gapt.io/ +* Telegram: https://t.me/GAPTChat +* Github: https://github.com/gapttoken/GAPT +* Twitter: https://twitter.com/GaptToken + +&nbsp; + +✅ Buy: + +* https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x63a4644142CA6dc83CfE0E2bdba8d62174491fD8 +https://www.bloomberg.com/news/articles/2021-11-12/rivian-is-now-biggest-u-s-company-with-no-sales-amid-ev-fever + +So let’s look at the facts: + +- CEO has no track record of success. + +- Company has no sales. + +- So far the company has managed to ramp production to only one truck a day. + +- The company is “targeting” a total of 1mn production rate in 2030. This includes vans, trucks, etc. +[Charles Hoskinson predicts hundreds of assets running on Cardano, Thousands of DApps and tons of interesting projects and lots of unique use and ultility by July 2021.](https://twitter.com/IOHK_Charles/status/1287481374224420864?s=20) + +There is currently one DApp on Cardano, and its purpose is to name a lobster. Let that sink in for a second. + +[Plutus Smart Contracts scripts as of 09/18/2021: 2644 including timelock scripts](https://smartcontracts.vercel.app/) + +Only 2644 smart contracts ready to be launched, and almost all of them are timelocked... + +What happened? Where are the Dapps? Where is DeFi? Where is the unique use and utility? + +ADA buyers will downvote any questioning and negative discussion about Cardano, but this is worrying. +Hi Everyone, this is my first official post and my first DD on a stock. I'm just a noob investor who likes this stock and thinks that digital currency is the future. This is not financial advice. + +&#x200B; + +**Basic Information on the Company:** + +HIVE Blockchain Technologies LT (HIVE) is a growth oriented, TSX.V-listed company building a bridge from the blockchain sector to traditional capital markets. HIVE owns state-of-the-art green energy-powered data centre facilities in Canada, Sweden and Iceland, which produce newly minted digital currencies like Bitcoin and Ethereum continuously on the cloud. Our deployments provide shareholders with exposure to the operating margins of digital currency mining as well as a portfolio of crypto-coins. + +&#x200B; + +**Most Recent Earnings information (Mar. 02, 2021):**([https://www.coindesk.com/hive-blockchain-q3-earnings-bitcoin-ether-mining](https://www.coindesk.com/hive-blockchain-q3-earnings-bitcoin-ether-mining)) + +* Generated income from digital currency mining of $13.7 million, an increase of 174% year-over-year +* Generated gross mining margin\[1\] of $10.6 million, or 78% of income from digital currencies +* Mining output of newly minted digital currencies: + + * 21,500 Ethereum + * 165 Bitcoin +* Generated Adjusted EBITDA1 of $13.7 million, a significant increase from $5.7 million a year earlier +* Generated net income of $17.2 million for the period, or $0.05 per share, compared to $3.4 million, or $0.01 per share, last year +* Digital currencies of $15.0 million, as at December 31, 2020 +* Working capital was $23.2 million as at December 31, 2020 + +&#x200B; + +**Other Information:** + +1. HIVE uses green energy to run their company; if you've seen recent articles on cryptomining, there is some information as how mining isn't sustainable and how it has too big of a carbon footprint to be sustainable ([https://www.cnbc.com/2021/02/05/bitcoin-btc-surge-renews-worries-about-its-massive-carbon-footprint.html](https://www.cnbc.com/2021/02/05/bitcoin-btc-surge-renews-worries-about-its-massive-carbon-footprint.html)) I think that HIVE's way of running things with green energy is a great move. +2. I'm sure most of you have heard of RIOT and MARA. If you look at numbers, you will see that HIVE mines more Bitcoin and Ethereum than these companies yet the share price way below what you see for RIOT and MARA. This is probably due to the company not being listed on NASDAQ or the main TSX. +3. They are surpassing their goals of production of Bitcoin and Ethereum.([https://finance.yahoo.com/news/hive-blockchain-surpasses-bitcoin-mining-060000143.html](https://finance.yahoo.com/news/hive-blockchain-surpasses-bitcoin-mining-060000143.html)) +4. They are expanding and upping their mining rigs; a recent article below state that they have bought a number of machines and will be ramping up their mining rigs.([https://thedeepdive.ca/hive-blockchain-announces-purchase-of-10500-new-miners-capacity-to-grow-to-2-47-eh-s/](https://thedeepdive.ca/hive-blockchain-announces-purchase-of-10500-new-miners-capacity-to-grow-to-2-47-eh-s/)) + +&#x200B; + +Because of all this information, I believe that this company is a sleeper and will slowly rise as the mining ramps up this year. If you are bullish on digital currency, I think this is an undervalued stock that could do well in the coming months. +I promise I am not a shill. I just saw a Reddit ad for their new clear energy ETF, ZCLN this morning. +[https://www.bmogam.com/ca-en/investors/bmo-innovation-etfs/?utm\_source=Reddit&utm\_medium=Social&utm\_campaign=F21\_RetailETF&dclid=COHw8-Cqye8CFSMTrQYd2A8M-g](https://www.bmogam.com/ca-en/investors/bmo-innovation-etfs/?utm_source=Reddit&utm_medium=Social&utm_campaign=F21_RetailETF&dclid=COHw8-Cqye8CFSMTrQYd2A8M-g) +Shares down 35% this week. + +And, today, Canopy is breaking support. There may still be lots of money to be made in the sector but this week shows that you can’t buy and hold those new profitless companies. You need an exit plan. +Hi Everyone, this is my first official post and my first DD on a stock. I'm just a noob investor who likes this stock and thinks that digital currency is the future. This is not financial advice. + +&#x200B; + +**Basic Information on the Company:** + +HIVE Blockchain Technologies LT (HIVE) is a growth oriented, TSX.V-listed company building a bridge from the blockchain sector to traditional capital markets. HIVE owns state-of-the-art green energy-powered data centre facilities in Canada, Sweden and Iceland, which produce newly minted digital currencies like Bitcoin and Ethereum continuously on the cloud. Our deployments provide shareholders with exposure to the operating margins of digital currency mining as well as a portfolio of crypto-coins. + +&#x200B; + +**Most Recent Earnings information (Mar. 02, 2021):**([https://www.coindesk.com/hive-blockchain-q3-earnings-bitcoin-ether-mining](https://www.coindesk.com/hive-blockchain-q3-earnings-bitcoin-ether-mining)) + +* Generated income from digital currency mining of $13.7 million, an increase of 174% year-over-year +* Generated gross mining margin\[1\] of $10.6 million, or 78% of income from digital currencies +* Mining output of newly minted digital currencies: + + * 21,500 Ethereum + * 165 Bitcoin +* Generated Adjusted EBITDA1 of $13.7 million, a significant increase from $5.7 million a year earlier +* Generated net income of $17.2 million for the period, or $0.05 per share, compared to $3.4 million, or $0.01 per share, last year +* Digital currencies of $15.0 million, as at December 31, 2020 +* Working capital was $23.2 million as at December 31, 2020 + +&#x200B; + +**Other Information:** + +1. HIVE uses green energy to run their company; if you've seen recent articles on cryptomining, there is some information as how mining isn't sustainable and how it has too big of a carbon footprint to be sustainable ([https://www.cnbc.com/2021/02/05/bitcoin-btc-surge-renews-worries-about-its-massive-carbon-footprint.html](https://www.cnbc.com/2021/02/05/bitcoin-btc-surge-renews-worries-about-its-massive-carbon-footprint.html)) I think that HIVE's way of running things with green energy is a great move. +2. I'm sure most of you have heard of RIOT and MARA. If you look at numbers, you will see that HIVE mines more Bitcoin and Ethereum than these companies yet the share price way below what you see for RIOT and MARA. This is probably due to the company not being listed on NASDAQ or the main TSX. +3. They are surpassing their goals of production of Bitcoin and Ethereum.([https://finance.yahoo.com/news/hive-blockchain-surpasses-bitcoin-mining-060000143.html](https://finance.yahoo.com/news/hive-blockchain-surpasses-bitcoin-mining-060000143.html)) +4. They are expanding and upping their mining rigs; a recent article below state that they have bought a number of machines and will be ramping up their mining rigs.([https://thedeepdive.ca/hive-blockchain-announces-purchase-of-10500-new-miners-capacity-to-grow-to-2-47-eh-s/](https://thedeepdive.ca/hive-blockchain-announces-purchase-of-10500-new-miners-capacity-to-grow-to-2-47-eh-s/)) + +&#x200B; + +Because of all this information, I believe that this company is a sleeper and will slowly rise as the mining ramps up this year. If you are bullish on digital currency, I think this is an undervalued stock that could do well in the coming months. +Interested in buying a property that was owned by a Church. They don't pay property taxes (Massachusetts - Exempt) currently. I'm wondering if when I purchase the property it'll be appraised at the current purchase price? I'm not sure if this is something to worry about, never bought a property from Jesus before. +First off, I understand no replies to this post will be financial advice. + + +My parents bought a house for 350k in 2005, it went up to 400k and then tanked (like everything else) to 290k. Right now it is appraised at 450k, and I think they should sell. Its their second home, and they spend maybe 20 weekends a year there. They would profit about 230k, and can hold that cash until the market goes down to buy 2-3 investment properties. Is this something you would advise your parents to do? + + +Just looking to see if I am thinking in the right direction. +An update on what whales are doing with their GME money + +https://preview.redd.it/lq5lau5h7sz61.png?width=1976&format=png&auto=webp&s=4411155f6db3025a7c9d2ff8b41777dba95e16f6 + +Almost all new money **Citadel** has invested in GME has been in new option positions. It looks like they sold off their long shares and BOUGHT THEM BACK. This may be in order to push the price down by flooding the market with more artificial supply. They widened their net short position, answering the question 'should you keep digging yourself into a grave' by stating, balls-out, 'let's see how deep I can go!' + +**Citigroup** has an interesting story to tell. So their old options expired, likely losing money on both sides of the bet. HOWEVER they COMPLETELY sold their call position. They seem to have rolled that loss into a long position, or short shares as well. + +**Credit Suisse** may be trying to push the price down. They have a net short option position, but a larger long position, which to me usually indicates they bought shares in order to flood the market and instigate a selloff. + +**Bank Of Montreal** sold their call position, or the calls expired, leaving their unexpired puts. HOWEVER, notice the change in the number of put shares. they recently bought a HUGE number of puts. + +**UBS** doubled their net short position VALUE, while increasing their number of put SHARES by *500%.* + +**Prelude Cap** *is INCREDIBLY bearish*, moved to an all-options position. + +**Melvin** completely eliminated their put position and have no current position in GME that is being reported. This may indicate simply that their put options expired and now they're on the FTD clock with all their short shares again, or it might just mean they sold at a massive loss. Either way, they're hurting. + +**Hap Trading** flipped to a BULLISH position, **Wolverine** bought more calls than puts this quarter to make for a more even C/P ratio. They also increased their long position. + +Aaaah, **Susquehanna.** How could I possibly forget you, you hubris-drunk fools. Anybody who spends time sifting through 13F filings is very familiar with this name. If anybody's been involved in shorting GME, it's these guys. Their name isn't mentioned a whole lot on here, but they're the biggest player next to Citadel to my mind. NOT ONLY do they have the LARGEST SHORT position on the list, but they paid MORE FOR THAT POSITION than any of the other prominent shorts on this list. It's worth noting, their long position has decreased immensely, indicating that like Citadel, they've put a huge amount of money into pushing the price down. + +One thing that's pretty universal here, everybody's INFLATING their options positions. So no matter what the opinion is from firm to firm, one thing is agreed upon. Something HUGE is about to happen. +New crypto users often mistake the conduct and attitudes from experienced Bitcoiners as them just trying to protect BTC bags and "outdated technology". What new users don't understand is that these people HAVE SEEN SOME SHIT. + + +Imagine living through not just the Terra/Luna meltdown but also witnessing Bitconect, The DAO hack, Mt Gox, and hundreds of shitcoins, rug pulls, ponzis, and exchange hacks. Imagine getting burned yourself (perhaps several times) and then watching it constantly happen to new people. Imagine how every four years, right after the Bitcoin halvening, all these new people show up with their "new toys". (2013 alt coins, 2017 icos, 2021 NFTs) and zero experience and stubbornness and watch as they completely ignore the advice from people who have spent years in this space. + + +Bitcoin is just different. There is no leader. There is no premine. There is no changing the finite supply or the economic properties. Its real decentralized money and the reason we even understand the word "blockchain" today. + + +Here's to all the new Bitcoin maxis that will be born during this crypto winter. May you be toxic af and may you do a better job protecting new retail investors than the SEC ever has. +What do you think about Real Estate ETFs? I heard the real estate is somehow even stable during crisis. I am thinking about buying the Think Global Real Estate ETF. +I worked for about 10 years in the Maquiladora Industry in Mexico, and that was enough due to the poor work-life balance, 12 vacation days per year and at least 48 working hours per week, Mexico has the highest working hours in the world. + +Maquiladoras are established in Mexico to take advantage of the low wages and proximity to the USA. Mexico has one of the lowest wages in Latin America. In 1999, the net wage for the average maquiladora worker was $56 USD per week, and twenty years later in 2019 the net wage is no more than $65 USD. + +In addition to the low wages and disregarded labor standards, the living and health conditions around these factories are beyond belief. Many people live in a squalid grid of dirt streets, rotting garbage, open sewers with unsafe water, overburdened or non-existent schools, violence and crime. But do not misunderstand me about maquiladoras, any other sector is about the same or worse; in 2019 the official minimum wage is less than 9 USD per day. There is tremendous inequality, Mexico is on the bottom 10 countries on wealth distribution (Gini Index 0,49; World Bank, Taking On Inequality, 2016). + +When you focus on what you want, work hard and take the opportunities life offers, there is a possibility it will improve your life overall, and it did to me. I am a chemical engineer who climbed up the organizational ladder quickly, at age 29 I got my first management position. That gave me the possibility to buy a condominium by the beach and pay it off in three years, I bought in cash a nice Audi and saved a decent amount of money; I was living a pretty comfortable life. But I was unhappy, not even a $80K job a year, at age 33 could buy me happiness. However, it did buy me something – the ability to say goodbye. + +Lifestyle design is all about changing the way we live so that we can fulfill our passions and experience life now. I am striving for early retirement from not fulfilling jobs. One of the best ways to start on that path is to substantially reduce non-essential consumption to be able to effectively retire early. + +I do not want to retire from work. I just want to retire from work that no longer challenged or motivated me. I still want to continue working on interesting projects and learn new things. I want to do more good in the world. I want to tackle inequality, environmental issues and the unsustainable lifestyle of most people. Thus, I have sold my car, and got rid of most of my possessions to focus on experiences and sustainable living over consumption. + +If you could live on $1000 per month ($12,000 per year) and you made 6% annually from safe investments, you would only need to have $200,000 saved to retire. ($200,000 X 6 % = $12,000 per year) Alternatively, if you only have $100K saved and could make $500 per month from passive income like rental income from your condominium, or some internet business, then you could effectively retire now. There are many countries where you can live on 1000 USD a month. + +I believe this kind of freedom is at the heart of what drives my generation. No, not everyone wants to get rid of his possessions or live on 1000 USD a month, but we want to be able to do what we want to do and still provide a worthwhile product or service to society. We want to have a purpose, and when we cannot get it in our current environment, we are willing to make a change. + +Tremendous inequality and disparities in access to resources are factors that pose serious threats to human rights and to the world. It is obvious something needs to be done, we need to rethink how we live and what kind of planet we want to inherit to future generations. + +While there is life, there is hope for a better and equal world. + +Victor +Hodling is easy compared to how hard it’s taking profits for most of us. + +If you want that new Phone or want to go to. 2 week vacation to Bali. Do it! You only live once and you have to enjoy your life. Taking profits is hard but guess what is harder? When you’ll be old and you’ll have all the money in the world but the only thing you want is to be 20 and to do the things you didn’t do because you were busy investing in crypto! + +Investing is good, but investing while enjoying is better! + +Enjoy your life while you still can because it’s a privilege to be alive! Some people don’t even make it as old as you did! Nothing is certain in the future, only in the present it is! +Ohh the variables. Aren't they all so fun? I imagine a room full of Quants furiously sifting through data, and all ending at the same conclusion... + +[https://imgur.com/EpkG5PW](https://imgur.com/EpkG5PW) + +This downward price action is so desperate, and I'm absolutely giddy about these prices. + +Are you friggin kidding me?! I actually get a chance to average down?!! Does their stupidity know no bounds? + +AAAAAND I've approached long term capital gains savings now! + +\*queue Vince McMahon meme\* + +***The data they target is how your emotional responses to their FUD, are reflected in the buying and selling of securities.*** ***They study human behaviours which they can then use in their attempts to quantify outcomes.*** + +They are usually pretty good at this. It's a crystal ball of sorts. + +Now, what they want, what they NEED, is for retail sentiment to fall off of this stock. Otherwise the future doesn't look so bright. + +Everyone thinks price action is because of rollovers, and futures, and this and that, and some of it likely is, but the one thing that remains constant is how they manipulate the SENTIMENT on this security. Why? To prod you emotionally. In fact, I think most of how they do things comes down to how they manipulate emotions. + +And here's the thing... the cherry on the shit sundae for them: + +POSITIVE RETAIL SENTIMENT isn't going to fall off. IT'S NOT GOING TO HAPPEN. You can quant that shit all you want, but nobody is going to shake investors off of this stock except ourselves. + +So yeah, we sit here waiting for them to slip up, and watch them bury all the short interest, and perform all kinds of fuckery like.. + +[https://imgur.com/gallery/SMiikS5](https://imgur.com/gallery/SMiikS5) + +The how of it was: taking bailouts, druming up positive or negative media sentiment or anti-NFT sentiment, inflating valuations, spreading out the pain by infecting other institutions, using political connections, burying interest in options, etc. + +Have fun with that shit. + +But the WHY... And here's the part I find so funny... + +Like The Rock says, IT DOES'T MATTER! These Jabronies..... + +PRICE GOES DOWN >>> OWNERSHIP OF FLOAT GOES UP >>> DRS GOES UP >>> SHORTS R FUK + +The ONLY thing that can fuck this up now, is GameStop dropping the ball on whatever they do over the next while, and guess what? That's mostly out of shorts hands. + +And we all know the one thing they can't stand is NON QUANTIFIABLE OUTCOMES. + +CONGRATS, YOU DESENSITIZED ME TO THE FUD. + +TLDR: Their crystal ball is fucked. + +*(Disclaimer: This is all my opinion and speculation. I am a grade A+++ moron, and nothing I say should be taken as fact.)* +As title suggests, which coins do you think will be Moonshots according to you and why you think they are Moonshots? Below are my Moonshots for coming days/months - + +1. Meridian network (Lock) - Promising project, but anon team. But, it doesn't matter as they have delivered everything as per schedule and have partnership with Hacken. With upcoming Dapp - PreSaga release they will be entering prediction markets. + +CG link - https://www.coingecko.com/en/coins/meridian-network + +TG - https://t.me/meridiannetwork + + +2. YfDFI - Another community centred project. Such a promising project with interesting roadmap. Currently, staking site is active with 375% APY which should last till Q1 of 2021. With liquidity farming around the corner, YfDFI will be huge in coming days. + +CG link - https://www.coingecko.com/en/coins/yfdfi-finance + +TG - https://t.me/yfdfi_finance + +3. DeFiat - DeFiat (DFT) is a fully-governed, deflationary ERC-20 token with a multi-tiered loyalty reward system. They already have 2ndChance product where you can recycle your rugged coins for 2ND tokens. Plus, with upcoming Anystake release you can stake any ERC20 coins and get rewarded in DFT. + +CG link - https://www.coingecko.com/en/coins/defiat + +TG - https://t.me/defiat_crypto + + + +Other promising projects which I'm looking at - Zoracle, LGCY and Behodler (EYE) +I have gotten a decent amount saved up for an emergency fund and I'm thinking about just moving that to a separate account, such as a high yield savings account or treasuries, since even high yield savings accounts arent very "high yielding". + +Where do you store your emergency funds? +This would be a new strategy for me. INTC seems like it is leveled off and greatly undervalued, but price action is shit right now. + +\> How deep ITM should I buy the Call and at what expiration? + +\> What earlier expirations should I sell premium? + +\> What are the margin requirements and assignment risks for this kind of trade? + +Would appreciate any advice from those experienced with this strategy and whether it's worthwhile. Thanks. +I found myself in a good position, but not sure what do from here. + +A few weeks ago I bought an AMD Sep 2022 **$170** Call LEAP for 2.99. The premium is now up to 19.78. + +I got in with the idea of holding it until mid-next year but did not expect the recent AMD pop. I also read about the potential AMD and Xilinx merger. My understanding is that it's best to close positions before mergers. + +Any suggestions? What are other long AMD call holders doing? + +**EDIT**: Deleted my previous post on this topic as it was utterly confusing given my mistakes while posting. + +**EDIT 2**: Thanks guys. Followed everyone's advice and STC once the premium hit 22.40. +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. +WHich do you all trust more when deciding to sell options? For example - I see that NFLX March 405 strike is 50 delta but 44.8% prob ITM - what should I be more focused on when determining my probability of success? +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. +People are telling me this is stupid but if GME starts plummeting, which I believe it will this week, the premiums for 2/12 $50 puts could go higher than 15. I believe GME will drop because while short interest is likely still over 100%, these shorts got in on top and they can hold out much longer than the people shorting at $10. MMs have already covered their calls which is why there was no gamma squeeze on Friday. There's just not enough upwards buying pressure. Put/Call open interest ratio was 4x on thursday and almost **7x** as of friday, it's accelerating like crazy + +&#x200B; + +However I don't see this stock dipping below $50 in 2 weeks and even if it did, with a premium of 15, GME would need to drop to $35 for me to lose money. Obviously if GME starts dropping after I sell the put I'll be stuck until it expires, but I don't see how this is super risky. A 30%+ return in 2 weeks is good by theta gang standard no? +I am currently a 16 year old apprentice and being paid about £17000 a year. This comes to about £1416.67 a month before tax. + +What im confused about it is my employer has deducted only my national insurance from my pay (£48.85). My total take home is £1367.82. Do I not have to pay income tax due to my age? + + Im not complaining or anything but also dont want to be in any trouble for tax evasion 😭 + +Thanks! +Even if the crypto you have is relatively small right now, you don't know what it'll become. You also don't know which of your friends will remember. It can cause a lot of problems for you. + +I have a friend who bought a lot of Doge at 1 cent and he told everyone and it's caused a lot of resentment. + +Almost always best to keep it a secret. +So a simple question, when people advise that max debt to income should be 6x. Is that gross or net income? + +It seems like people talk in gross. When net makes more sense. + +The two figures would lead to very different debt to income ratios. +https://www.theaustralian.com.au/nation/politics/budget-2021-legup-for-those-struggling-with-property-ladder/news-story/ + +More than 125,000 single parents would be eligible to shift from long-term renting to owning a home with as little as a 2 per cent deposit, or just $8000, under a ­government-guaranteed home loan scheme targeting women who are marginalised from the property market. + +Access to superannuation savings for first-home buyers would also be expanded from $30,000 to $50,000 and an extra 20,000 places would be offered across two other home loan deposit schemes underwritten by taxpayers. + +The new family home guarantee package will form the centrepiece of the government’s housing policy strategy in Tuesday’s budget, which is expected to confirm that the unemployment rate will be returned to below 5 per cent within two years, marking the ­lowest jobless level in more than a decade. + +The Reserve Bank said on Friday the nation’s jobless rate could plunge to as low as 3.75 per cent by 2023 if households were brave enough to spend the tens of billions of dollars in savings amassed during the pandemic. + +In an interview with The Weekend Australian, Josh Frydenberg revealed budget forecasts would show that lost economic output from COVID-19 was now set to be recovered nine months earlier than expected. + +But the Treasurer warned that his greatest concern, apart from the pandemic, remained the worsening global strategic situation and the deterioration of Australia’s relationship with China. + +“This is a pandemic budget,” Mr Frydenberg said. “We can’t take for granted the strong recovery we have seen. We’ve got to consolidate the gains and secure the recovery and that’s what this budget is about: securing the economic recovery and driving the unemployment rate back to where it was pre-pandemic and even lower. + +“The budget numbers will show a strong improvement this year. What’s driving the strong economic improvement is the labour force resilience and people coming into work even more so than iron ore revenues.” + +The Treasurer said a lower welfare bill and getting Australians into jobs would achieve a stronger budget position to guarantee essential services, including aged care and mental health. + +With the housing sector a key driver of economic recovery, Mr Frydenberg revealed the government would intervene further in the market by extending home loan guarantees to single-parent families. + + While the first tranche would make available 10,000 ­places for the scheme, a senior government source said it was likely to be open-ended, with more places being offered over time depending on demand. + +Homelessness and Social and Community Housing Minister Michael Sukkar said the scheme would address one of the great inequities of home ownership, with 84 per cent of the 125,000 single parents considered by banks to be creditworthy being women. + +It would be capped for those earning under $125,000 a year with a ceiling on property values based on capital city and state-­averaged market valuations. In Sydney, this would see single parents requiring a deposit of just $14,000 based on a property worth $700,000, down to just $5000 for a home in regional South Australia worth $250,000. + +Single-parent applicants, who have lower-home ownership rates than other household types, don’t need to be first-home buyers but would not be eligible if they currently owned a property. + +“Saving for a deposit remains the biggest hurdle to achieving the dream of homeownership,” Mr Sukkar said. “First-home buyers and single-parent families can count on the Morrison government to help them overcome the deposit hurdle and achieve the Australian dream.” + +The government will also ­extend the new home guarantees scheme — introduced last year for 10,000 applicants as a pandemic stimulus measure — by adding 10,000 guarantees for Australians who have a deposit of at least 5 per cent. This was an ­expansion of the pre-existing first-home loans deposit scheme introduced in 2018 to cover existing dwellings, which will also be rolled over for an extra 10,000 applications. + +Both schemes are limited to incomes of $125,000 for singles and $200,000 for couples and applicants must not have previously owned a property. +The schemes have a limited budget impact based on a default rate of 1 per cent on loans. + +The third pillar of the housing plan would increase the maximum drawdown of voluntary contributions that could be released under the first-home super saver scheme from $30,000 to $50,000. + +Mr Frydenberg said next week’s “pandemic budget” would return an improved bottom line on that forecast last December in the mid-year economic and fiscal outlook, with unemployment on track to dip below 5 per cent over the forward estimates. +This would bring unemployment to well below pre-pandemic levels. The last time unemployment dipped below 5 per cent was in 2011, briefly. The last sustained period below that level was ­between 2006 and 2008 and, prior to that, the 1970s. + +Mr Frydenberg said continued fiscal support for jobs and the economic recovery wouldn’t be done by abandoning core ­Coalition economic “principles”. +“Our approach is based on fundamental Coalition principles and philosophy,” the Treasurer said. +“Lower taxes, supporting the private sector, backing families, strengthening our regions and encouraging home ownership. + +“We haven’t baked in long-term structural spending other than what you’ll see around aged care and mental health spending. And the JobSeeker $50-a-­fortnight payment. This is not an opportunity to take every old idea that’s in the bottom drawer and spend money on it. We’re not in a spending contest.” +On the economic outlook, Mr Frydenberg said output had come back to pre-pandemic levels, nine months earlier than forecast in MYEFO. + +“There’s a historic opportunity to drive the unemployment rate below 5 per cent … This is about keeping the pressure on, supporting the economy in a targeted way and driving the unemployment lower to get more people into work.” +As per the title, I (28) am looking to buy a 2 bed townhouse in the inner suburbs of Melbourne. Im looking to spend in total between $650,000 to $700,000 with a deposit of $250,000 there for borrowing $400- $450,000. + +My monthly income after tax is $5,200 I have a company car and and company phone so currently my only bill is rent, I get a lot of overtime and frequently earn $6,500 - $8,600 after tax but have done my calculations based off a 40 hour week. + +&#x200B; + +If I was to borrow $450,000 over 25 years at 3% interest my expenses per month are calculated to be + +mortgage: $2,129 + +body corporate: \~$117 + +council rates : \~ $134 + +maintenance : $250 + +electricity: $50 + +gas: $50 + +water: $33 + +internet: $60 + +&#x200B; + +Total: $2,821 + +&#x200B; + +Entertainment and groceries : $900 + +&#x200B; + +This gives me a budget surplus of $749 without doing any overtime, i would also look at renting out the spare room for possibly $600 a month. + +&#x200B; + +I intend to borrow the maximum that the bank allows then just putting the leftover money in a offset account, I wouldn't keep any savings i would just put all my surplus income in the offset account and draw on it and needed. + +my questions are, + +Im concerned that i may be stretching myself to think, Do you think my calculations are quite reasonable? + +Is there anything wrong with putting all my excess money in an offset account and keeping no savings at all? + +Have i overlooked anything in my calculations? + +any tips and advice would be much appreciated. +I've been watching the posts here for the last days and I'm worried about the amount of people that already struggle to handle the recent price decline. The people who are telling them *hah, just look where the price will be in 1 week* also don't really help, in fact they are making it worse. + + + +I know that hodling is a powerful meme here and many people really intend to hodl. But many of those people are pretty new and therefore only experienced to hodl during a bull market, which isn't really a hard thing. Let's take a look at the past and see how reality can look like. + + + +Let us take a look at [this chart](https://imgur.com/a/zYvY8) which is showing the past performance of the Bitcoin price. In September 2013, Bitcoin was hovering around ~$130. Suddenly, the price started to explode, reaching its high of ~$1,125 on the 4th of December. That is an increase of ~765%. Bitcoin was on a steady downtrend for about ~2 years after this all time high. It slowly lost ~80% of its value during this bear market, resulting in a price of about ~$230 in September 2015, almost 2 years after the ATH. + + + +Now, let's look at [this chart](https://imgur.com/a/VcuNx) which is showing the recent movement of the Bitcoin price. In early April 2017, the price was around ~$1,100. We started to see a fast increase, leading to a peak of $4,855 on September 1st. That's an increase of ~341%. A 80% loss from that ATH would result in a price of ~$971. + + + +But things are different now, right? Yes, they really are. We have more users, more merchants, more media attention, more adoption. That's why we probably won't ever go down to $230 again. That doesn't mean that there is no possibility that the price went way ahead of Bitcoin's current value. + + + +If your plan is really to hold to your coins, no matter what, then you should look at the past and mentally prepare yourself to see the price declining 70%-90% over several years, not just weeks or months. Because this mental strength is what it takes to stick to the plan. It's easy to hodl through a bull market and it's relatively easy to hodl through some dips which don't last longer than weeks. The hard part is to see the price slowly bleeding for years. + + + +This is not a price prediction. It's about showing you what can happen. You should mentally prepare yourself for this possibility if you want to be strong enough to stick to your plan in a bear market that lasts several years. + + + +Please, make that clear with yourself. The majority of posts here are overly optimistic. They tell you to just hodl and that Bitcoin eventually always went up, which is true. But they don't tell you what it took to go up. It took Bitcoin a bear market that lasted over 2 years, slowly bleeding 80% of its price. + + + +Hodl with the full picture deep in mind. Happy hodling! +The circle jerking is bad enough but as of this posting, there are 12 memes or silly images on the front page. + +You younger guys might not realize this but, the overall immaturity of this forum **really** discourages new consumers and business owners from taking bitcoin seriously. + + +I’ve recently been evaluating what I enjoy doing, and what my hobbies are. I’ve noticed that I’m interested in personal finance and enjoy browsing the subreddit, partly because I want to plan for my future but also because it’s ‘fun’. + +While my personal finance journey is only in its infancy, having just turned 18 and opening a S&S ISA, it’s still something I enjoy. So my question is would you consider personal finance to be a hobby? +I went from making $17 per hour to $102. It's a mistake and i know they're going to fix it but until then I'm gonna get an extra 5k on my paychecks which i'll have to payback at a later date. Whats the best way to hold on to the money and maybe make a profit in the mean time? + +**Edit*** Yes i informed my HR the same day i noticed, they told me i would take a few pay periods to fix. Trust me i know i can't keep it life is not that good. +Wish me luck! Maybe I'll be a little more rich with my .19coins when I wake up in a few hours! + +And here is me, hating my life, 20min after surgery. Yes that is a picture blanket of all of the family/friends and it is the absolute best gift I've ever gotten. [Me after my scope ](https://imgur.com/gallery/n0fob) +This is sort of a combined business and inheritance conundrum, and any help would be so appreciated. + +I am the youngest of four siblings. My parents, now deceased, owned a high-value lot in City X. Sibling 1 and 2 still live in City X. Sibling 3 has moved to a different country. I live in City Y, which is about 10 hours away from City X. + +So far, Sibling 1 has temporarily converted the lot into a space for their small business (which everyone was fine with). We are now discussing how all siblings might profit from this lot. + +Sibling 1 and 2 are proposing that we put up a commercial building where everyone can house their business of choice. However, this feels impractical for Sibling 3 and me, since we no longer have any presence in City X. + +Might anyone here be able to suggest something outside of selling/leasing out the lot? + +Some kind of profit-sharing scheme maybe? I don't know if this is wishful thinking, but I really want to settle this amicably. I don't desperately need the money, and I doubt I can get "my fair share", but it would be nice to have a small revenue stream from this. +The current situation is a paradox where seemingly bad news is actually excellent news. We all want this to pop off but the diamond handers need more time to rescue shares away and put them into the unassailable diamond vault. Don’t you get it ape? A delay in the MOASS is your desired outcome, something you should be cheering for daily and relieved about at closing bell. +Please apes don't trust these tweets from iHorse (s3) and ortex. They were the ones who said the weekend after January spike that the SI has been lowered. "WEEKEND" u know - like market were closed. and now they're saying setups for a short squeeze imminent. + +Just one tweet that shorts have covered from these morons and paperhanded bitches will get triggered. Please help me spread this. I dont care if you copy or paste or make another post out of this JUST INFORM EVERYONE BEFORE ITS TOO LATE. + +edit: this is gaining traction and I'm doing what I can. If you guys watched Wes AMA, he specifically said short interest reporting is UTTER GARBAGE. haven't read HOC yet - eurpoor just had 4 hrs of sleep. So I don't know where these idiots(s3 and ortex) get their data when finra is UTTER GARBAGE. + +BE VIGILANT APES +Specifically what has he done to make it so “great”? i tried asking this in r/explainlikeimfive and it got deleted right away, so i’m sorry if this is in the wrong place. +I should preface this by saying that I am not a historian or economist so please correct me if I have made some mistakes. Although, I generally support taxing the rich or a wealth tax, I believe that the key to a better, fairer, and more sustainable economy is to more aggressively enforce anti-trust laws. + +This can be illustrated in the case of Standard Oil in 1911 which at one point controlled 90% of the oil industry in America and was broken up into dozens of smaller companies (including Chevron, Exxon Mobil, and Amoco) to make the economy more competitive and eliminate some of the anti-competitive tactics Standard Oil used. Although, this made Standard Oil owner John D. Rockefeller even richer for a time, I believe it made the industry more competitive in the long term and allowed many others to get a piece of the action. Anti-trust Laws also should have been used to break up Microsoft into separate software and hardware companies in 2001. + +Theoretically, one way monopolies and conglomerates work is by acquiring more and more businesses related to their means of production. For example, if a certain company owns an online business they could save money by acquiring a delivery company, a marketing agency, making their own manufacturing facilities, and buying warehouses. Each time they buy a company related to that means of production not only do they stop paying outside companies for services rendered, the local government also misses out on taxes which would have been enacted had the companies been separate. Optimistically, by breaking up large companies before they have reached market dominance, you have headed off the problem of billionaires avoiding taxes as they will have a harder time becoming billionaires when they can't keep acquiring smaller companies. + +Of course, anti-trust laws are not perfect. There is the danger of internationally backed companies taking up market share in the domestic market, but I believe it can be solved by the creative use of tariffs and forcing international companies to stay in their sector and not buy up smaller companies. + +Overall, I think it is high time for the US government to consider breaking up large companies into many smaller ones. This would allow for more tax revenue via the transactions between the smaller companies, a more competitive environment for newer and more numerous businesses which must be more competitive to stay in business, and it would be much harder to become a billionaire capable of vast influence over so many domains. +The media, politicians, and Feds blame everything under the sun for insane inflation, but everyone sidesteps the topic of obscene spike in M1. I tried searching for articles and discussions 5x increase of M1 supply, but I cannot find much. + +USD M1 supply went from around $4 trillion in January 2020 to $16 trillion by June 2020. Now it lowers a little over $20 trillion. Fed increased M1 supply 5x in the span of 2 years. Historically, Fed would increase M1 supply 4x approximately every 20 years. Fed printed over 20 years of M1 supply in 2 years and is acting surprised. + +I know Fed is not stupid. Even a decent economy 101 student will tell you that printing money will lead to inflation. My MPA and MPH professors would always say "look for a window of opportunity and never let a good crisis go to waste." I am starting to feel like Fed was planning to print a ton of money even before COVID, global supply issues, and Russia-Ukraine war -all those factors simply became a window of opportunity. The only logical explanation that I can come up with to explain the spike in M1 is to pay off USA's $30 trillion debt. Essentially, the government consumed $30T of goods and services in old money and now it will be paying it off with new dollars that were diluted 1 to 5. + +Am I going crazy trying to wrap my mind around our current economic state? + +&#x200B; + +Below is a link to historic M1 data: + +[https://fred.stlouisfed.org/series/M1SL](https://fred.stlouisfed.org/series/M1SL) +With the government suspending student loan interest, everything we pay into our loans now all go to principal. I currently have $25k of student loans left and about 10k in my house fund saved to buy a home. Currently debating if I should dump that fund into my student loans with no interest payments or continue to grow that fund and buy a home sooner. + +Note: + +I will be renting out two rooms to friends and I am a contractor who will be buying a older house to fix up for cheaper. I live in New Jersey. +This will be my first time buying a vehicle. I make just under 40k a year and have no debts. I’ve budgeted myself with my income and will still have enough to cover rent if I end up moving out soon. My credit is very good and I’d be getting a used vehicle + +Note: this is my first time posting here so sorry if I’ve left things vague. +Does anybody else here have things they want to buy, have the money to buy those things, but just won’t do it because they are scared of unexpected costs of life? + +For example, I love modifying my car, and I have plenty of mods im ready to buy but for some reason I can never pull the trigger on buying them. I know I take after my dad because he does the same thing. + +Like he’s been wanting to buy a new car for 5 years now, and he MOST DEFINITELY has the money, but won’t buy one. + +I don’t know, I wish I could spend money on my hobby but I find it hard to do that. + +If this is the wrong sub I’m sorry. Please redirect me to a different one if so. +I recently started building my div section of my portfolio, plan was to keep dumping profits from my normal options trades into div stocks and VTI. In typical fashion for myself I dove in head first to the deep end and mostly grabbed a small amount of a ton of underlyings. My thought process was get a div in every sector, also grabbed a couple covered call ETFs, use em as placeholders then DCA into whichever was down or whatever sector I had the least invested. Counting VTI/ETFs I have 21 holdings that generate "dividends", so I'm just curious how overboard I went or what the average div/long term investor has. +Hey guys one question here, i have invested in an etf that pays out dividends, is my month dividends calculated with my original investment or my original jnvestment+ profits if any + last months dividends? +I bought CAT today at $222. I am planning on holding forever really. They have an excellent dividend. I am also encouraged by the support for their industry slowing winding its way through Congress. I have just never spent this much money at one time on shares in my trading account. I used money already made from other trades so I didn’t break the bank buying. We never know what stocks will do but I am having some buyers remorse. + +Edit: I also hold SCHD, SPYD, VYM, OKE, SCHY for other dividends. +Hey guys I’m 31 years old, I will have 10-50K in cash soon, I was wondering if it makes sense to invest in SCHD or JEPI. I want to get started on dividends. Also worried if I’m doing the wrong thing by investing in dividend stocks instead of stocks that will give more return (and use the capital gains to funnel the income stocks) +I’m just curious about the people who live off their dividend income or people that get enough dividends that it is like another salary job. How did you start? What it family members that helped you along or did you just stumble on it? How much did you start out with and how long did it take you to get to the amount you are at now? I am currently just under making $300 a year in dividends which isn’t that much compared to some people but it’s a lot more then my first year of $40. + +Also what tips might you have for someone starting out or fairly young into the investment world? +I was just wondered hypothetically if i or anyone else made 100k off of some plays what would stop them from investing it all into a monthly dividend stock like qyld and letting it sit for a few months to collect that 11% monthly dividend rate +Hi /r/options – longtime lurker, just wanted to express an opinion that I don’t see here often enough. It may be an unpopular opinion – and it’s probably been said here in some form before – but I think it needs to be said again. If you’re aware of it and choose to continue to trade options with a small % of your PNW then fine – this is more directed at those here who incorrectly believe that trading options in a retail account is a skillset that will save you from your day job, unfavorable life circumstances, or unhappiness. It’s not. + + + +**Trading options as a retail trader is gambling**. In the long run the odds are strictly against you. If you’re okay with that and doing it within reason, then carry on. Just don’t quit your day job or blow your lunch money lining Ken Griffin’s (Citadel) pockets. + + + +I was an options market maker for 3 years at a well-known Chicago prop shop, hired directly out of undergrad at a top school. Top 5 firm by volume for some major products (SPX), well-respected firm in the industry, etc. I was a clerk, then junior trader, then trader; I traded in the pit for 2 years and electronically (screens/clicking, mass-quoting, low-latency “eye”, etc) for 1 year. I say that to indicate that I have a good understanding of how these things trade – and I traded a lot of them. Our open positions – depending on the product – were in the tens or hundreds of thousands of contracts at any given time. (I left after saving some money to bootstrap my own company not in finance). + + + +All of the 4-page “strategy” self-posts and “trade idea” mumbo jumbo in /r/options are bullshit. These are the meanderings of hobbyists – not serious market participants. Options are priced by the market to be mathematically as close to “fair value” as the best minds, models, and firms in the market can dictate. + + + +So selling iron condors – while sexier than contributing regularly from your paycheck to VTI – does not give you an edge regardless of how well informed you think you are (unless you have insider info). Not only that, but because options expose you to risk factors other than directionality/delta (namely vol), they are an inefficient way to isolate an opinion on the market. + + + +I’m not an efficient markets guy, per se, but the options market is ‘efficient’ enough that for all practical purposes, retail traders generally do not have an edge. Since retail traders are generally crossing the spread or being picked off, each trade you make stacks the odds slightly less in your favor – something akin to the house edge in a game of blackjack, where the market makers / large sophisticated market participants are the house. + +Just wanted to put that down in writing. That is all – have a great week. + +EDIT: to clarify a bit. Options and futures are a [zero-sum game](https://www.investopedia.com/terms/z/zero-sumgame.asp). So for every winner there is a loser. So just at face value, if we say each participant has a 50% chance of winning, then the EV for each party is equal. However, if you shift the odds to be slightly in favor of the liquidity provider - say, 0.5% - then all of a sudden the 'maker' has an edge. Primarily, this edge is encapsulated in the spread, so each time you are crossing the spread, you're stacking the odds against yourself just a little bit. Retail traders lose in lots of little ways that ultimately stack the game against themselves: crossing the spread, inefficient or non-existent hedging, rebates given to volume participants, forced liquidations, amongst a host of other ways. + +As a retail trader if you place a limit order it's the same thing, since in most cases the other side of the order is 'picking you off', i.e. trading against you somewhere else or just algorithmically determining that it's a good 'bet' to trade with you. Market makers are much better at this than retail traders, so this is primarily done by market makers. +**Short-term Bull Case** + +Fund rebalancing will continue on 30th and 31st to close the month/quarter. Probably an additional $300B or so rotation into equities. It's tough to gage this because I'm sure a lot of rebalancing occurred last week, but it's definitely not finished. Some funds may rebalance a bit later on April 1st; we don't really know all of their timelines. JPM is tracking this and initially said fund rebalancing was on the order of $850B for March and as of Friday is about 40%-45% complete. Last week's bull run may not be over, but we'll see this week how the market responds to the virus accelerating in the US. + +Our relief rally might extend through Tuesday with some volatility and perhaps peak at SPY 270 where the option market is priced on the upside (we know for certain that there's a lot of selling pressure at 269. High odds of holding, but ultimately we don't know). There's some minimal bets on 290 and 300 because if 270 breaks there's not much in the way to 300 from a technical perspective, but this is low odds. + +**Medium-term Bear Case** + +On the flip side, as we hit 255-260 last week massive put positions were opened in the 200-220 range for both April and May and I witnessed accumulation at 190 for the first time. Some of this is hedging I'm sure, but there are transactions which are very clearly bearish. There's a lot more put activity on SPY & SPX Apr/May puts, which opened on Thursday & Friday. I can give more examples if needed. For those that think it's all hedging or selling, that's not the case. It's pretty easy to identify bear put spreads or larger directional plays. It doesn't make much sense to hedge in 50,000 lots, so these transactions are more obvious. Of course, hedges themselves are bearish because the longs believe there's a significant chance of a retest. + +As the buying pressure lets off by Apr 1, we'll get the next week of jobless claims on April 2 and unemployment data on April 3rd. We may or may not sell off in advance of these events on April 1st, but regardless I'm very confident that Apr 1-3 will be net negative and likely begin the trend towards a retest of March lows. As we continue in April, the coronavirus will continue to ravage and spread across the US where we start seeing most hospitals in several major US cities overwhelmed and infection/death statistics hitting new highs. Sadly, it looks to me like the US healthcare system is less prepared than countries in Asia and US demographics are at much higher risk of death than populations in Asia. In two weeks from now, call it Apr 11, we'll likely see 2,000 deaths per day and over 4m infections (total count, which includes millions not tested). It's difficult for people to comprehend the exponential function of the virus spread but the growth factor in US is about 1.25 and Trump has no plans to institute a nation-wide lockdown for 6-10 weeks so the virus will flourish (all countries which halted the spread initated nation-wide lockdowns). And last of all, there's many buyers thinking this is a bottom, indicating it's not, and massive long-only funds are not going all-in. They are merely cherry picking a few names and dipping their toe in. Pretty soon these bull events will be priced in and the negative news will rain down in mid April. + +**Positions** + +Playing April puts is still quite risky and very expensive so I take a pass on that. I've been building put positions for 5/15 in the range of 200-230 and the same for SPX 2000-2200. This is conservative enough for me. I considered June with lower IV, but my research points to something happening in mid April so paying a theta premium for June didn't make sense even though the vol is cheaper. I also think markets tend to react *before* something happens so I think May gives enough time. If SPY rose to 270 and VIX fell to say 50-55 then I would certainly jump on some June puts, perhaps even 230P or 240P; but this is low odds. In this market a VIX in the 40s is very cheap (3%-4% moves when realized vol is 5%-7%, even 9%-12%) and VIX in 50s is quite reasonable; arguably cheap as well since we haven't bottomed and MM are short gamma causing extreme swings. + +I'm long puts and long equity, but net short. I keep my option strategies fairly simple and focus more on the research side. I think a bear put spread is good idea for a short position or just long puts if you can time it right (buy low) and willing to take the risk of losing 60%-80%. But the upside on these is more like 100%-200% which is why I'm playing them. There's a pretty massive put spread opened March 20 around 11:10am for 80k contracts on APR17 puts. Long APR17 235P 80k at 12.46, short APR17 210P 80k at 5.44 for a debit of around 55m expiring 4 weeks out. The 210P also had 30k-50k lots purchased as the market fell on March 26th, closing out a huge OI of 254k contracts. The most unusual option activity I found was on March 25 and 26: SPY OCT16 260P 230,000 contracts opened for $700m. + +I only buy OTM options to use gamma to my advantage. I try to avoid near-the-money and deep OTM, which is why I'm avoiding <200 and >240. + +**Risk** + +This market is definitely headed lower to retest March lows. Where I can be wrong is the timing. A true bottom might only form in May or June depending on how events develop, namely 1) the virus 2) solvency + +&#x200B; + +**EDIT:** Thank you for the positive feedback. Since this post is well received, I'll try to answer some of your questions and provide further analysis. + +**Effects of the option market on the underlying** + +Market makers hedge when they are short options. Large blocks of option transactions have material impacts on the underlying because market makers must delta hedge those positions. It's pretty simple to remember: if you open a new long position of an option contract, the seller takes the short side of that option, so to hedge the seller must take the long/short of the underlying. E.g. + +&#x200B; + +|You buy calls (+)|MM buys shares (+) to hedge| +|:-|:-| +|You buy puts (-)|MM shorts shares (-) to hedge| + +And when these positions unwind (close) the opposite effect takes form. This has a sudden material impact when large funds are buying and selling 1k, 5k, 10k, 30k, 50k lots. + +**Technical Analysis: My Opinion (debatable)** + +There is some legitimacy to technicals, which is why funds pay 200k+ salaries for technical analysts. Technicals work best when the greatest number of people believe them, so major technicals are most reliable. Things like volume, RSI, 200-day MA, 200-week MA, historical bottoms (major support lines), retracements. That’s about all the TA that I follow and it only forms a small part of my analysis, specifically for when to enter/exit after I’ve completed fundamental analysis on direction. When I say most reliable I mean they work >50% of the time but nowhere near 100. Don't forget, many algos are programmed to trade on technicals. Please avoid any con artists on Youtube drawing lines everywhere with crayons. When the market sold off in Feb & March there was huge uncertainty, so the only thing that was reliable were technicals and that’s what the market fell back on. The market high is 339 and the recent low is 218. A 50% retracement is 278 and as we fell from market highs we saw technicals play an important role in price action as many 50% retracements came to fruition. We don’t have to perfectly retrace at 50%. Since there is so much more fear in the market and perhaps some front-running, it makes sense that we might only retrace 40% (combined with other DD). It’s not just about the numbers, but what events are DRIVING the technicals. You need to combine it with further research. + +**Analyzing the other side of the trade: positioning.** + +When we hit the short-term bottom at 218-220 the VIX was fading because speculators & hedges were taking profits and starting to go long. This makes complete sense because long options are bets on volatility and if you’re holding puts as the market tanks 30%-34% while the VIX hits all-time highs THIS was your time to sell. I mean if you didn’t sell, what were you waiting for? We saw bullish positions opening in 250, 260, 265, and 270 but the magnitude was far less because these calls were so cheap. So you have puts closing with 10x the value of the calls that were opening and the VIX fades. + +As we approach SPY 260 we start to see some call positions closing near 260 and large put positions opening. This provides resistance around 260. The effect would be much, much greater at 270 because most of those APR17 250, 255, 260, 265, 270 calls need to be closed. Many of these call positions cannot remain open because if they were opened in the 220s they have now gone 5x-12x and must be closed as we approach expiry. At the same time, at 260 it’s suddenly a lot cheaper to play the downside or hedge to the downside so new put positions will cause further downward pressure. + +On the long equity side, longs will see 1 week returns upwards of 20% at these 260-270 levels so they are likely to take profits because these funds normally salivate over 11% annualized returns. You also have huge ETF/Mutual Fund buying which caused dog shit companies to have dramatic returns last week even though they are still dog shit. This is another point of weakness when sentiment shifts. + +**Is this selling over?** + +There’s a bit of a lag with some long-term holders getting to the point where they freak out and sell. This is the type that either checks their portfiolo less than once per month or the type that clenches their seat as their portfolio sinks 40% because “you can’t time the markets” and “stocks only go up.” Except the emotion will weigh on them as we fell from 339 to 218, bounce to 260, and will turn in April. Once they realize this isn’t a v-shape recovery the emotion will get to them. In April, many people will get their March statements and clue in that the market is in really bad shape, so there’s more selling to come. + +You don’t get the fastest sell off in history and VIX at all-time high unless something is seriously wrong. Complete economic paralyzation, record unemployment, incoming bankruptcies, pandemic uncertainty, oil sector & airline industry blowing up, permanent change to consumer behavior, and record leverage in the financial system do not allow for a quick recovery. It may take some time for this to develop but it’s a decent indicator. Historically, bear markets last closer to 9 months, the median time to return to all-time highs is 2 years, and a market bottom usually forms around 2 months after the VIX peaks. Feel free to fact check these (consider the magnitude of this bear) because I haven’t looked at these stats in awhile. Point is, the market isn’t going to fix itself in April. + +**Disclaimer** + +EDIT: Just want to add a bit of a disclaimer here if anyone is thinking of acting on this. I'm not here to offer investment advice. I'm just here to share my opinion on what I'm observing in the market, what I am doing as a result, and why I'm doing it. Hopefully I welcome different perspectives on these subjects and constructive criticism. If I mention specific numbers in my post it just means that those numbers hold significance to my analysis but in no way shape or form does it mean we are guaranteed to hit those numbers with accuracy. Maybe the markets crank up to 265 but reverses hard. Maybe oil tanks 20% tomorrow and drags the market with it. Maybe some outlier bear news hits the tape on Monday morning and the bull trend dies. To be successful in trading it's more about risk management, so don't go all-in on trades. Develop a thesis, stick to defined rules, be disciplined. Gradually work into your trades and gradually work out of your trades (or just exit 95% of it if you hit some pre-existing profit goal). Good luck! + +&#x200B; +Explain to me like I'm blind and you're having to explain exactly what you're doing when you're applying your risk management tactics + +What formulas do you use? + +Which apps/programs do you use? + +Everybody does things differently, let's hear your take on things. I need to learn this +So the startup I founded last year has a > 50% chance of failure at this point. The details aren't really relevant; shit happens and we move on. But it raised an interesting question: + +Who here on /r/fatFIRE doesn't own a business? Who isn't interested in starting one? Why not? + +I know it's conventional wisdom on this sub that truly high levels of wealth come from business ownership, so are there any people on the fatFIRE path who aren't taking that route? + +I first learned about Bitcoin in 2012, but started buying towards the end of the 2017 bullrun. My father was a coin collector since he was a kid, and even though he was now in his 70s and physically not well, he was still very intrigued by crypto and virtual coins. + +My Dad was a technology enthusiast his whole life. He worked in healthcare but tech was his passion. I can remember he bought a 1.0 Megapixel Olympus Digital Camera when it first came out, and the first CD-R on the market (I think it was a 2x Plextor). The first Betamax and VHS players, and was always building his own computers. He was never great with money, we always seemed to be in debt, but he loved his tech and we had fun! + +Anyway, I made a couple small BTC purchases through a centralized exchange and told my Dad about it in early December 2017. He was excited! My Dad texted me that evening with an article, saying that I should probably purchase a hardware wallet. That was my last communication with him. + +I planned to go see him the next morning for lunch which was our usual Saturday activity. I got a call that morning at about 4:30 AM from the local police dept that my Dad was found unresponsive in his car and had been transported to the local hospital. He usually left at 4 AM to drive himself in for kidney dialysis 3 days a week. + +I jumped in my car and sped to the hospital; on the way there, I called and asked to speak to someone in the ER. I identified myself, and asked about the condition of my father. They said they couldn’t tell me any info on the phone because of HIPAA. I said “fine, let me speak to him.” Silence on the other end. And at that point driving towards the hospital, I knew he was already gone and it broke me. When I walked in, they tried to sit me down and I said “I already know, just let me see him.” I was devastated. I took a deep dive into crypto the following weeks to learn as much as I could, and it was a good distraction looking back. + +The point of my story: my Dad left me a small monthly annuity when he passed, not a lot, but something. I never really got the chance to sit down with him and discuss crypto in depth. It’s something I daydream about often. I wouldn’t have been able to discuss it with anyone else in real life except him, still can’t, so here I am on Reddit. I decided to DCA the exact amount of the annuity every month into crypto from January 2018 onward. I tell myself that it’s like I’m investing in crypto with my Dad, and that gives me some comfort. DCA works quite well by the way it you’re patient! Give it time! It works! + +BTW, Don’t count out all the boomers out there folks, there’s a good chunk of them that do/would love this tech and see how amazing it is given the right conditions and guidance. Let’s be inclusive. +I just find it harder to believe in these types of ideologies when the people that are most vocal proponents of them, are almost always the people making money from what they are promoting. + +Real success stories are what drive me, and I'm posing this to hopefully help others as well. + + +Edit: Thanks for all the great posts - be sure to upvote those that give the best advice. Also, I deeply regrat enabling inbox replies. +Seriously, it sounds like there's alot of articles and thoughts of a major drop happening in the very near future. Is it possible the inflation numbers set to release tomorrow are absolutely horrendous, even with the calculation change from months ago? I'm just speculating on everything since I'm pretty dumb, but that would make sense in my mind. Buckle up, hold or hodl, and fuck you, I'll see you tomorrow. P.s. I love you all. +They are supposed to be diversified and “safer” than stocks alone, but just looking at graphs going back 10-20 years and potentially even further, for example all of the fidelity target date funds, across the board get hit just as hard if not harder during market downturns, and they seem to make less returns during bull markets than the s&p 500 for example. All of this while charging ~3x the fees of a simple s&p 500 tracker fund. + +I swapped over from a mix of target date funds and mutual funds, to a pure 100% fxaix (fidelity’s s&p tracker) portfolio at the end of 2021, at the absolute peak right before this current market swing, and i am down way less than i would be if i had stayed with my previous “safer” strategy. + +I know Warren Buffet said hedge fund managed portfolios are not worth the fees, and I am really starting to understand that now. + +Anyone have any idea? Thanks! +I’m in my mid twenties talking to guys I meet about their crypto investments, and damn I hate to think so many people my age are in it for the wrong reasons. I’m hyped about crypto because it solves problems. Bitcoin stores value, Ethereum does smart contracts, Monero is private, Stellar exchanges fiat efficiently. What are my millennial friends into? Doge coin, safe moon, and GameStop, and they’re buying it all on Robinhood. There’s no convincing people to delete Robinhood. + +Do people think we can just pump shit for no reason infinitely? We should be using that money to solve problems. You make profit from putting money towards something that grows and fills desires. We can pump random shit for now, but there’s no telling how short the joke will last. + +It’s so cringe worthy cause all they have to do is buy top coins that aren’t pump and dump bs. I guess some people are always gonna be attracted to the get rich quick schemes. I think the doge coin hype is not good for the legitimacy of crypto in general. When the joke ends and my friends lose money, I hope they aren’t too weary of crypto. Cheers to homies in it for the right reasons! +Always dreamed of having money to cover crazy trips with friends I’ve been very close with for decades. I finally get that money. Offered to pay for a vacation and they decline. How do you share success without it getting weird? +I’m 21, earning ~$70k p.a. Monthly I am able to save $2100 which I leave in a 3% account. +I invest $400 a month too, entirely index funds/ETFs. A small portion allocated to my small business I’m beginning to grow. + +Having around $20k in the bank and $17k shares. Is that a healthy split? I’ve been considering increasing the invested portion while my expenses remain low for the next few years. I’d love to hear what you’d do in a similar situation. + +Cheers! +What is AAPTITUDE? + +&#x200B; + +AAptitude is a Hyper-Deflationary Reflection token with two actual use cases, which will be implemented so that the price floor will constantly be rising. + +&#x200B; + +Escrow Marketplace + +&#x200B; + +The first use case will revolutionize how cryptocurrency is used in e-commerce with an Escrow marketplace system. Escrow marketplace will get rid of scams when selling or buying anything with cryptocurrency! You can register as a seller or buyer now! AAptitude will release the marketplace in under a week, on the 13th of April! + +&#x200B; + +FPS GAME + +&#x200B; + +The second use case is a Steam-powered first-person shooter, Last Gang Standing; the game is playable in the pre-alpha stage! The game will be released as a complete product in Q2-Q3. + +&#x200B; + + AAPTITUDE WAS ON LIVE TV YESTERDAY/TODAY + +&#x200B; + +AAptitude will be covered in a wide variety of mainstream media for the next three months, starting with a LIVE TV interview on News max and Fox Business! The first interview of the series was aired yesterday on News Max and today it's going to air on Fox Business! + +&#x200B; + +Confirmation tweet: [https://twitter.com/NewToTheStreet/status/1509558404372738066?s=19](https://twitter.com/NewToTheStreet/status/1509558404372738066?s=19) + +&#x200B; + +The interveiw: [https://www.youtube.com/watch?v=HS8f2XiNnFc](https://www.youtube.com/watch?v=HS8f2XiNnFc) + +&#x200B; + +&#x200B; + + Official partnership with CoinEx Smart Chain! + +&#x200B; + +After weeks of negotiations with CoinEx Smart Chain, we are happy to announce that today we have officially become partners! + +&#x200B; + +The partnership is bilateral: + +\- CoinEx Smart Chain contribution: + +\+ $AAPT will be listing on the OneSwap DEX + +\+ AAptitude will collaborate in terms of marketing and developing with CoinEx Smart Chain + +\+ AAptitude will be featured on all CoinEx Smart Chain media platforms + +&#x200B; + +\- AAptitude contribution: + +\+ CoinEx Smart Chain native token CET will be used as a method of payment on the escrow marketplace + +\+ Digital goods on CoinEx Smart Chain will be supported on the escrow marketplace + +&#x200B; + +This will be the start of a long and fruitful partnership! + +&#x200B; + +Check [https://www.coinex.org](https://www.coinex.org) for more details + +&#x200B; + +[https://twitter.com/CoinEx\_CSC/status/1512368467701231619](https://twitter.com/CoinEx_CSC/status/1512368467701231619) + +&#x200B; + +Website: [https://aaptitude.com](https://aaptitude.com) + +Shop: [https://shop.aaptitude.com](https://shop.aaptitude.com) + +Telegram: u/AAptitudeToken + +Twitter: [https://twitter.com/aaptitudetoken](https://twitter.com/aaptitudetoken) + +Videogame: [https://store.steampowered.com/app/1309760/Last\_Gang\_Standing](https://store.steampowered.com/app/1309760/Last_Gang_Standing) + +BSC Contract: 0x2a6f8e3a8fe92849b08ca82f4f323dd43029b33d +Debated writing this up for a while, but decided that I wanted to document this big shift in my FIRE journey and maybe someone will find value in it. + +**Backstory** + +My wife and I are almost a third of the way to FIRE at age 28/29. We were fortunate to both be like-minded with regards to finances, find good jobs out of state college, graduate with no debt due to scholarships, and have parental assistance for housing. We bought a house in 2018 and were on a trajectory to stay put until hitting FIRE sometime in our late 30s. + +But as a result of some COVID-induced introspection, my wife and I decided we wanted to move out of our MCOL Southwestern city. I am in consulting and my wife works in sales - we made a very comfortable living in a growing first-ring suburb. Altogether, we had a great life near family, but got the itch to do something different before starting a family. Reasons are many-fold, but largely we wanted to get out of the city I grew up in, seek adventure outside the prototypical suburban lifestyle, and experience the true city feel visiting neighborhood restaurants, walking to parks, and riding bikes around a city with actual urban infrastructure. So naturally, we went to the end of the spectrum to move to NYC. It wasn't a particularly easy decision considering we had a pretty idyllic life around my entier family and there was a fear of lifestyle inflation, but after running numbers we decided to do it about a month ago. Our tentative plan is to stay for about 3 years until starting a family and being closer to our relatives. + +**Employment / Income Statement** + +There was a business need for me to go to NYC at my company, so I received a COLA compared to my previous salary. My wife will not be getting the same, but I could see this move being positive for her career as she can interact with team members in-office now. + +We also have 2 rental properties purchased in a LCOL state + the home we have converted into a rental property. All three are occupied for at least the next year. + +Income Source | SW City | NYC +---|---|--- +Husband W2 | 146k | 175k +Wife W2 | 70k | 70k +3 rental props | 10k | 15k +*Minus taxes* | +*Minus expected yearly expenses*| *65k* | *92k* +**Projected Post-Tax Savings** | **88k**| **70k** +**+Project Pre-Tax Savings (HSA and 401ks)** | **44k**| **44k** +**Projected Total Savings** | **132k (58% savings rate )** | **114k (44% savings rate)** + + +**A Dig into Monthly Expenses (for both of us)** + +Figure it's not necessary to boil down every line item of the move. But I figured I'd call out some of the big line items from our budget that are changing. + +Category | SW City | NYC | Reasoning +---|---|----|--- +Housing | 1.6k (mortgage) | 3.7k (rent) | A painful fact of life living in NYC. Went for the 2 bed/1 bath since we both work from home some days. Each month is painful, but we love our new location so far. +Groceries | $500 | $700 | Figured we'd need a bit more breathing room to shop at local stores, but will try to head to Costco or TJ's for bigger shopping runs to keep it reasonable +Restaurants + Drinks| $300 | $600 | Doubled our budget from previous city. Why come to NYC without enjoying the diverse food options. I could see this ballooning at times due to drink prices, but we aren't big on expensive dinners so hopefully we'll be able to keep it down. +Entertainment | $100 | $300 | This includes things like going to a game, a play, or a museum. Similar to the line of thinking for restaurants + drinks. We are going to take advantage of being here. +Gas | $200 | $0 | Ah the relief of not having to drive on a daily basis +Public Transit | $0 | $100 | We will be walking and using bikes to get around between home, office, and daily chores. But need some budget for times we'll use the subway/bus + +**How This Impacted Our FIRE Plans** + +* Our current net worth (including brokerage investment, 401ks, real estate, etc.) is about 525k +* We are about 30% to our FIRE goal of a 1.8M (60k/yr at 3.25% WR) with rough projections putting us at FIRE at age 36 +* If we hadn't moved to NYC, we'd hit our goal only marginally faster sometime in the realm of age 35 +* Once we ran these numbers out of curiosity, we realized how the increased cost of living for a few years is only barely going to put us off our goal. +* Of course this doesn't factor in the cost of starting a family, emergencies, economic downturns, etc. but none of these models can account for everything! + +**Okay So What?** + +If you asked me 5 years ago if I would leave to go live in NYC I would have laughed and said hell no. But something in our lives changed and we had the urge to do something different. I don't think we would have had the confidence to do it without being on the path to FIRE. A key moment may have been reading Die with Zero and having it click that we shouldn't wait to experience the world around me until we hit that magical FIRE number. We plan to spend lavishly in our key enjoyment categories while here to maximize our time. + +Eventually, I think I'll end up back in the SW City near family (hence the 60/yr WR). But that option is always there and who knows how our lives will change out of this experience. I may even end up having to change that FIRE number to match living in a big city! + +Thanks to anyone who read. Would love to hear about any others who have had similar experiences. +It seems like Bad actors or should I say shill team 6 have colluded and are breaking reddit rules on purpose in order to get this sub taken down. + +I come here only because I like the stock and the community. Kick ass DD and funny memes. Purple Nurples are the best. I am here every single day, wether a couple hours or 5 mins, I'm still here every day. Everything and everyone here keeps me sane. Its one hell of place to get away from the daily grind of the 9-5 or for some the godforsaken 4am to whatever time. I highly doubt that anyone here that likes the stock as much as I do, waste time brigading. +I've seen a few comments recently about people saying not to invest in a stock because the total outstanding shares are too high, but that's only looking at part of the picture. FLOAT is what moves the stock price, not outstanding shares. + +There are three types of shares you need to understand: + +Authorized shares are the maximum number of shares that the company can issue. This does not mean every single share *will* be issued, it's just the maximum number that *can* be issued. + +Outstanding shares are the total number of shares that have been issued, which are comprised of restricted and free trading. This number is important for determining market cap and other financial measures such as EPS. + +Float is the actual number of shares available to trade. This is calculated by subtracting the restricted shares, treasury shares, and insider shares from the outstanding shares count. Many times the float is much lower than the outstanding shares count. + +Obviously the number of outstanding shares is important in fundamental analysis, but it's the float you should pay closer attention to as it directly affects how the stock price moves. +The most certain way to be wrong in investing is to be 100% convinced that you are right. + +Early in my investing career, I was a junior analyst at one of the largest investing firms in the world. A senior analyst had a recommendation that he felt certain about. He couldn't see how it could go wrong. He published a research note to the whole firm basically saying that anyone who didn't invest in his idea didn't deserve to be a PM. + +How did the investment work out? It turned out to be a fraud. + +Always balance your well-reasoned conviction with seeking out alternative/opposite viewpoints and keep an open mind to the possibility that you are wrong. Remember - the best value investors get \~ 60% of their investments right. So if you own 10 investments in your portfolio, there is a pretty good chance that you are wrong on 4 of them. Go and try to find those 4 before they cost you money. +Did anybody experience this? + +A fincance broker asked me to login to a portal that apparently streamlines financial details gathering for loan approval. + +Then that portal ([https://app.financevault.com.au/](https://app.financevault.com.au/)) asked me for my bank ID and Password combination to download bank statements. + +Is this even legal? It looked like a scam to me because you cannot and should not ask anybody for their bank user ID let alone their ID and password combination! + +When I got back to confirm if its legal, they let me know that " Illion is apart of the Australian Open Banking forum and they are the same company that owns Equifax, which is used by every lender and bank to complete credit checks. " + +I found this extremely dodgy and blacklisted the finance broker and reported to scamwatch. + +If its legal, shouldnt it be made illegal? +So I’ve just been pre-approved for a 500k house loan. I have a 50k deposit. Does that mean our bargaining power extends to the full 550k and we can put an offer on a house for that much. Or has the bank already taken that into consideration and 500k is our max? We have disclosed all assets and deposit amounts to the bank. I realise I should know this but my broker isn’t answering and I’ve had seriously conflicting answers from friends and family. Please help this clueless FHB. +**1. Core Concepts Explained** + +**2. Reverse Repo in the Ideal World** + +**3. What Really Happened -- The Reverse Repo Fuckeries** + +**4. Connection to GameStop** + +**5. Conclusion (TLDR)** + +**6. Further Reading** + +\--- + +*\[This DD serves as a brain-wrinkling bridge between* [*reverse repo news*](https://fred.stlouisfed.org/series/RRPONTSYD) *and* [*God-tier DDs*](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/)*.\]* + +*\[This is my first DD. Correct me if I’m wrong in any way.\]* + +*\[No financial advice is intended. I’m a retard.\]* + +*\[I sincerely thank* [*u/plants69*](https://www.reddit.com/user/plants69/posts/) *for reviewing this DD.\]* + +**1. Core Concepts Explained** + +1.1 A repurchase (or repo) is an agreement in which an institution agrees to sell collateral to the Federal Reserve (hereinafter "Fed") for some time, and then trade back. + +1.2 A reverse repurchase (or reverse repo) is an agreement in which an institution agrees to buy collateral from the Fed for some time, and then trade back. + +1.3 Quantitative easing (QE) is the purchase of long-term securities to increase the money supply. + +1.4 Rehypothecation is re-using collateral from one lending transaction to finance additional loans. + +1.5 Liquidity refers to how fast an entity can convert its assets into cash. + +1.6 A liquidity crisis happens when liquidity is urgently needed, but there is a lack thereof. + +**2. Reverse Repo in the Ideal World** + +2.1 In a reverse repo agreement, the institution agrees to lend the Fed money. The Fed agrees to lend the institution the collateral (usually in the form of treasury bonds). Upon the specified time, the institution gives back the collateral, and the Fed gives back the money. Extra money (i.e. an interest) is usually given by the Fed when it buys back the collateral. + +2.2 After a reverse repo agreement is made and before the specified swap time, the money supplied to the market is reduced. This is because the money that the institution originally has (i.e. the money used to lend the Fed money) is recorded as a liability in the Fed’s balance sheet, and during that period, the liability is temporarily deleted by the institution lending the Fed money. Besides, the collateral moves from the Fed’s asset to the institution’s liability. + +2.3 Therefore, ideally, the reverse repo is a good tool to offset the extra money supplied following QE. + +**3. What Really Happened -- The Reverse Repo Fuckeries** + +3.1 If the ideal things (as described in **Section 2.**) indeed happen, then the following statement [from the NY Fed](https://www.newyorkfed.org/markets/rrp_faq) will **not** make sense: + +*“When the Desk conducts RRP open market operations, it sells securities held in the System Open Market Account (SOMA) to eligible RRP counterparties, with an agreement to buy the assets back on the RRP’s specified maturity date. This leaves the SOMA portfolio the same size, as securities sold temporarily under repurchase agreements continue to be shown as assets held by the SOMA… but the transaction shifts some of the liabilities on the Federal Reserve’s balance sheet from deposits held by depository institutions (also known as bank reserves) to reverse repos while the trade is outstanding.”* + +Ok, ape translation: + +*“After a reverse repo agreement is made and before the specified swap time, the collateral does* ***NOT*** *move from the Fed’s asset to the institution’s liability. This leaves the Fed’s assets the same size. The liabilities, which are supposed to get deleted, also don’t get deleted, as they’re moved from one liability account to another liability account. In this way, the Fed’s liabilities also remain the same size.”* + +3.2 OK, what the fuck? + +If you sold a piece of gold to cancel a debt, your asset shrinks because you no longer have that gold. Your liability also shrinks because the debt is cancelled. Your balance sheet is supposed to shrink. + +But the NY Fed says the exact opposite, and this statement directly contradicts what is supposed to happen, as described in **Section 2.2**. + +3.3 In other words, the Fed’s balance sheet, that is supposed to change, does not change, and the money supplied, that is supposed to be reduced, is not reduced. + +3.4 The only thing that changes is **the institution’s ability to profit off the newly obtained collaterals**, e.g. by short-selling the collaterals in hope that their prices will go down in the future. + +If this happens, it is in the institution’s interest to drive the collaterals’ prices down, e.g. through selling off treasury bonds. + +3.5 It is also in the Fed’s best interest to drive the collaterals’ prices down, as it needs the institution to be able to return the collaterals upon the specified time. This is to maintain the Fed’s contractual integrity, i.e. to keep the music playing. The Fed can drive the collaterals’ prices down by, for example, again, selling off the collaterals. + +3.6 So, this is how the Fed-institution fuckeries happen: + +3.6.1 The Fed lends collateral to Institution A through a reverse repo. Before this happens, the Fed and Institution A are both incentivized to drive the collateral’s price **up**, and they do so, e.g. through buying up treasury bonds. + +3.6.2 Institution A short-sells the collateral to Institution B. Once this happens, the Fed and Institution A are both incentivized to drive the collateral’s price **down**, and they do so, e.g. through selling off treasury bonds. Institution B can profit from the short interest. + +3.6.3 In this way, the Fed’s, Institution A’s and Institution B’s interests are tied together. **The regulator and the regulated have become one.** + +3.6.4 During the fuckeries, as the Fed’s balance sheet does not change, it can rehypothecate the collaterals out of thin air, i.e. lend the collaterals, which have already been lent under a reverse repo agreement, under another reverse repo agreement. + +**4. Connection to GameStop** + +4.1 Now, shorties need enormous liquidity to keep the GME’s FTD cycle going (see [Hank's Definitive GME Theory of Everything](https://www.reddit.com/r/Superstonk/comments/n66tzh/hanks_definitive_gme_theory_of_everything/)). As such, the Fed and shorties start playing the fuckeries as described in **Section 3.6** (through intermediary banks, see Figure 3 (on pg. 14) of [this paper](https://economic-research.bnpparibas.com/Views/DisplayPublication.aspx?type=document&IdPdf=25852).). + +4.1.1 They start by buying treasury bonds, driving the collaterals’ prices up. + +4.1.2 However, the GME short position is a black hole. Every day that we remain retarded and HODL, the fuckeries happen. + +4.1.3 Now, the Fed and institutions are selling off treasury bonds, driving their prices down. \[Enter [The EVERYTHING Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/), [The Flurry of Rules Before the Storm](https://www.reddit.com/r/Superstonk/comments/ngru15/the_flurry_of_rules_before_the_storm_dtc_icc_occ/) and other God-tier DDs.**\]** + +4.2 This also leads to the Fed favoring contractionary policies, as confirmed or speculated by multiple sources \[[1](https://www.cnbc.com/2021/06/07/the-fed-is-in-the-early-stages-of-a-campaign-to-prepare-markets-for-tapering-its-asset-purchases.html)\] \[[2](https://realtybiznews.com/expect-an-interest-rate-hike-after-todays-federal-reserve-inflation-data/98762889/)\] \[[3](https://www.ft.com/content/9d100381-3f86-4540-91c8-4477b4cef127)\], **completely driven by the shorties’ need for extra liquidity** (instead of market conditions). + +For the absolute smooth brains, here’s how raising the bank’s interest rates can drive the bond prices down: + +4.2.1 Most bonds pay a fixed interest rate (this is the bonds’ interest rate). + +4.2.2 When the bank’s interest rates rise, the bonds’ interest rate becomes less attractive. Less people want bonds, declining their prices. + +4.2.3 Conversely, when the bank’s interest rates fall, the bonds’ interest rate becomes more attractive. More people want bonds, increasing their prices. + +4.3 As a result, there is less money supplied to the market, but the market demand for money remains constant. In other words, a liquidity crisis happens. + +4.4 What happens during a nationwide / global liquidity crisis? According to [Investopedia](https://www.investopedia.com/terms/l/liquidity-crisis.asp)... + +*“For the economy as a whole, a liquidity crisis means that the two main sources of liquidity in the economy — banks loans and the commercial paper market — become suddenly scarce. Banks reduce the number of loans they make or stop making loans altogether.”* + +*“A negative shock to economic expectations might drive the deposit holders with a bank or banks to make sudden, large withdrawals, if not their entire accounts. This may be due to concerns about the stability of the specific institution or broader economic influences. The account holder may see a need to have cash in hand immediately, perhaps if widespread economic declines are feared. Such activity can leave banks deficient in cash and unable to cover all registered accounts.”* + +In other words, the nation / world will be **seriously fucked.** + +**5. Conclusion (TLDR)** + +**5.1 In short, the Fed is our endgame boss now. We’re past the hedgies stage.** + +5.2 The Fed has abused our trust, aligned its interest with the institutions (which it is supposed to regulate), and by doing so, created a systemic risk. + +5.3 Combined with the unresolved predatory shorting, it is almost as if **the whole system preys on its own failure**. To put it bluntly, **the Fed-Institution monster is parasitizing our economy**. + +5.4 As we deal a heavy blow (probably a final one) to this blood-sucking monster, the systemic economic damage is [starting to manifest itself in people's daily lives](https://www.youtube.com/watch?v=5dfeLQcDhco) \[here's another [source](https://www.youtube.com/watch?v=kBJVU1RyxfQ) if you don't like China-funded media\]. This is like a person finally [coughing blood after severe gastrointestinal bleeding caused by worms](https://www.emedicinehealth.com/gastrointestinal_bleeding/article_em.htm). Our global economy, just like the person, needs emergency care **right now**. + +5.5 We need to remove the parasites in our economy. It will be **extremely painful**, but it is **absolutely necessary**. + +5.6 And we do that by **BUYING, HODLING and BUCKLING UP**. + +Diamond fucking hands y’all. + +**6. Further Reading** + +[**New Repo Market Warning Sign Proves System Is Rigged!! - YouTube**](https://www.youtube.com/watch?v=vqxNTRtEvXg) + +[**The Imminent Liquidity Crisis & Reverse Repos Usage - Smooth Brain Edition : Superstonk (reddit.com)**](https://www.reddit.com/r/Superstonk/comments/nhepn1/the_imminent_liquidity_crisis_reverse_repos_usage/) + +[**The EVERYTHING Short : GME (reddit.com)**](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/) + +\--- + +Edit 1: Remove references to corporate bonds as they're not available under Fed's reverse repo agreements. + +Edit 2: Clarified Fed = Federal Reserve. + +Edit 3: Regarding Section 4.1, clarified hedgies work through intermediary banks. + +Edit 4: Changed the reverse repo link to [this one](https://fred.stlouisfed.org/series/RRPONTSYD) for more dramatic effect. + +Edit 5: Regarding Section 4.1, changed "need liquidity to pay off enormous GME's short interest" to "need enormous liquidity to keep the GME’s FTD cycle going (see [Hank's Definitive GME Theory of Everything](https://www.reddit.com/r/Superstonk/comments/n66tzh/hanks_definitive_gme_theory_of_everything/))". + +Edit 6: Fixed typo. + +Edit 7: Provided another source for Section 5.4. +I *thought* I had my FIRE number in mind. In calculating my number I basically just took my expenses over the last couple years and gave myself a bit of padding and then multiplied that by 25. + +But today I was staring at my FIRE spreadsheet, which has each year in the future projected until my FIRE number about 16 years away. Out of curiosity I looked at 16-20 years, and it was surprising to see just how much higher my FIRE number could be from adding 4 more years relative to the 16 years prior. + +This is probably just a variation on how unintuitive it is to think in terms of compound interest. But I hadn't taken this into consideration when calculating my FIRE number. + +A few things I observed : + + +* 4 years increases my FIRE number by $800,000 +* Working 4 more years could increase my *monthly* income by $2,666 for the rest of my life +* Those 4 years contribute more to my annual safe withdrawal than the next 10 years in my spreadsheet + +These numbers are assuming my pay/savings rate is the same today as it *could* be 20 years from now (unlikely) and the numbers are also assuming 7% return with a 4% SWR (not the most conservative numbers). But honestly the particular numbers aren't what I'm getting at. + +What I'm suggesting is that as part of determining what your FIRE number should be - it's worth not only looking at what your expenses are - or even what you want your expenses to be, but look at your situation and determine what your fire number *could* be with a little tweaking to your plan/circumstances. + +In picking my FIRE number I don't *need* that extra $800k - but I'm finding the appeal of planning around that kind of RE (53 vs 49) more exciting and desirable. And the price of those 4 years doesn't seem so high from where I am right now. Maybe that's exactly what is meant by fatFIRE (I'm relatively new to the community) - but I hadn't truly understood the relative value of working additional years before. + +\--- + +Also yes, I totally understand that this same line of thinking can lead you to never want to give up working and sometimes enough is enough is enough. 4 years of time in retirement might be totally worth it. Again, just having the right framework around thinking/calculating for yourself seems pretty important to find out exactly what is best for each person. +Hello, just a quick question. I'm currently paying £10.38 per month with EE for 1GB of data per month and unlimited texts and calls, which I feel is a lot. + +After seeing Virgin Media's 10GB for £10 I phoned EE to see if they could match that deal, but the best they could give me was 6GB for £12. + +I was just wondering what everyone pays for their mobile; do EE give better deals than this to anyone else? Is 6GB for £12 a lot? + +EDIT: Thank you so much for your help and all of your comments. I thought I would update this in case it helps anyone... I phoned EE yesterday asking for my PAC number. When they asked why I was leaving, I explained that I was going to go with Virgin Media's 10GB for £10, unless they could offer me the same or a better deal. EE offered me 6GB for £10 as well as 10GB for £12 (both were much better than my old contract and had unlimited texts and calls) to encourage me to stay. +Like seriously holy fuck within the last few hours every other post on this sub now is heavily researched, sourced dirt on BCG? + +I sure wouldn't want to be up against a global army of gamer apes, scouring the depths of the internet 24/7 on any given subject with one ultimate goal in mind. + +You guys blow my mind every single day. + +🚀 +So I've been saving for a few years into a S&S ISA and pre COVID they have been doing well but the last 12 months have been a bit bleak and I've lost a big portion of the gains. + +My S&S ISA is all long-term so in my head I'm thinking I don't need to sellout soon and the ups and down of the market is really just part of the investment game, in fact while the market is down it could be an opportunity to invest a bit more each month. + +Is this how everyone else is thinking or am I being naive? +I’m trying to buy a car at the moment, preferably in full but I’m being tempted by some nicer cars that I can in theory afford with a solid down payment, but I remember seeing something along the lines of “just because you can afford the payments doesn’t mean you can afford the car” somewhere and I don’t know if there are any hidden costs I don’t know about after payments and insurance. +Hi All, + + +As stated in the title I will be spending around £10k on new household items like beds, mattresses, and other house related items. + + +What is the suggestion to maximise rewards on spending this amount? My thoughts are referring my partner to sign up to an AMEX, then spending all of the amount on her card (paying it off immediately of course) to optimise the referral points and the points earned by spending. Any other ideas? +I'd be interested to hear what people in their 20's and early 30's position on their pensions is. + +I'm 28 and currently have 35k in my pension. I have just upped my contributions from 5% to 15% and my employer also contributes 6.5%. It is salary sacrifice (I earn mid 50's). + +Some of my family members (parents, aunts etc) are still working full time and don't expect to retire until state pension age because they never saved a lot for retirement and have small pots so will mainly be relying on state pension and know that their retirement will be far from the "dream retirement" they would have liked. + +All I know is that I do not want to be merely surviving in retirement and would like to have a comfortable retirement with holidays etc. + +I keep going online and plugging figures into pension estimate calculators and the different calculators come out with wildly different figures. + +Should I prioritise pension contributions over ISA/investment savings? I have a house, with a mortgage and around 10k in savings. Car on finance, sofa on interest free for 2 years, but no other debt. +Other than possibly a better price holding deep ITM calls vs holding underlying stock, + +why would one want to buy deep ITM calls and sell OTM vs holding underlying stock and selling calls? + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +To filter out CS/DRS posts, click the link or type [\-flair\_text:"💻 Computershare"](https://old.reddit.com/r/Superstonk/search?q=-flair_text%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&sort=relevance&t=all) into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +We all know that RC 1) doesn't telegraph his moves as he's stated multiple times, and 2) likes to remain several moves ahead at all times, and 3) has a seemingly strong disdain for negligent or downright hostile CEOs. + +I therefore propose that RC provoking BBBY into a response, especially with such a nicely composed corporate "Fuck You" was absolutely intentional, and meant to rile up the BBBY board, to make them angry. People act dumb when they're angry - they react instinctively or emotionally, instead of purposefully and logically. RC is setting up the garbage to get taken out. + +Things that would confirm my bias and get me internet points in the future: +- I'm guessing by RC's second tweet, that there was some strongly worded discussion between CEOs and board members. I think we'll see an exit by BBBY's senior board +- BBBY eventually getting absorbed into the RC Ventures umbrella, possibly combined with Chewy into a future version of GMerica. Consider this: GameStop provides all manner of electronics and home entertainment, Chewy provides all manner of pet necessities, and Bed Bath provides all manner of home devices/appliances/furnishings. What do you get when you combine all that? A massive Amazon rival, headed by a CEO who still has a full head of hair and isn't a dickwad (Lookin' at you, Jeff, you dickwad) +- But what about the Beyond? Perhaps this is an expansion/lead in to GME's metaverse? Providing a destination for your metaverse decorative needs? Or, since Bed Bath's house brand has already been discussed, perhaps the Beyond will be an intro to a larger GMerica house brand. + +It's early, I have a long drive to work, I haven't had my coffee yet, and I like killing time at work on reddit anyways. Feel free to tell me if I'm dumb, I already know I am. I do think RC made them angry on purpose though. +🚀 **Good Morning Everyone!!!** + +**Updates will also be on** [Twitter @ Corno4825](https://www.twitter.com/Corno4825) + +🚀 **Live Thread** + +**4:00 Update** + +Hmm. I'm not sure what I did wrong. + +It's whatever. They still need to close their shorts. + +I'm sure someone on Reddit's going to come up with a new theory. + +I hope anyone that was listening found that as hilarious as I did. + +Current Price: 158.30 + +**3:58 Update** + +If you ignore it's current dip. It's trajectory is \~ 182. You have to believe in Gamestop. You can't just worry about it anymore. Gamestop has grown. Gamestop has experienced pain. Gamestop is its own company now. It's going to do what it needs to do. Just trust. + +Current Price: 158.26 + +**3:47 Update** + +[http://puu.sh/HwRe7/eea8f6ddc9.png](http://puu.sh/HwRe7/eea8f6ddc9.png) + +HERE WE GO + +Current Price: 159.22 + +**3:38 Update** + +If you ignore it's current dip. It's trajectory is \~ 182. You have to believe in Gamestop. You can't just worry about it anymore. Gamestop has grown. Gamestop has experienced pain. Gamestop is its own company now. It's going to do what it needs to do. Just trust. + +Current Price: 157.85 + +**2:52 Update** + +Okay ya'll. I'm going let you have the most amazing experience if GME hits 180. [Load this Video.](https://www.youtube.com/watch?v=IvgyfqzLC0A) At 3:39PM and 46 seconds, play this video, sit back, and enjoy the show. This is how I am going to watch GME end the day today. + +If GME actually does hit 180, it will be the most surreal fucking experience of your life. + +Current Price: 159.10 + +**2:44 Update** + +[Trust the force.](https://www.youtube.com/watch?v=KuKqcfO31is) + +Current Price: 158.93 + +**2:35 Update** + +If you ignore it's current dip. It's trajectory is \~ 182. You have to believe in Gamestop. You can't just worry about it anymore. Gamestop has grown. Gamestop has experienced pain. Gamestop is its own company now. It's going to do what it needs to do. Just trust. + +Current Price: 157.16 + +**2:28 Update** + +Ya'll. We still got an hour and a half till markets close. I still think it'll go back up to 180. It's already starting to make its way there now. + +Current Price: 159.24 + +**2:19 Update** + +Hmm. I wonder if GME was merely trying to hit the SSR. It should go back up now. + +Current Price: 155.55 + +**1:24 Update** + +[This is literally what I'm envisioning right now.](https://www.reddit.com/r/wallstreetbets/comments/mnksbw/we_have_become_fearless/?utm_source=share&utm_medium=web2x&context=3) + +Volume is picking up even more. It looks like we're in for the long haul everyone. I still believe the fight is going to be for 180. + +Current Price: 157.04 + +**1:11 Update** + +The HFs are still pushing down. GME has been pushed below 160 again. Volume is steady compared to the last hour. + +HFs don't usually attack this this point. I wonder why now and later towards the end of the day. + +I still anticipate a strong response to all of this. + +Volume: 4,618,704 + +Current Price 157.53 + +**12:47 Update** + +I was going to go on a walk with Banjo, but it turns out that the whales are responding. Volume is STILL going up and GME decides it will not stay below 160. + +The questions is whether this is a skirmish or the start of a battle that will last for the rest of the day. + +I'm ready for some fucking action. + +Volume: 4,046,763 + +Current Price: 160.98 + +**12:41 Update** + +This is actually starting to get really interesting. Volume is still picking up. There was a relatively big spike at 12:38. GME is being pushed down below 160, but it seems as though it's a bit of a battle to keep it down there. + +HFs are making their move for sure. + +Current Price: 159.63 + +**12:32 Update** + +Okay, we're seeing a pickup of volume. Things are starting to get a little bit murky. We'll see where this turbulence will take us. GME is starting push towards the 160 line. + +Banjo spends at least 4 hours in the crate every day. I just took him out. [This is him waiting for me to let him out of the bedroom.](https://imgur.com/gallery/3flzoiW) We're probably going to go on a small walk soon because its so nice out. + +Volume: 3,500,000 + +Current Price: 161.30 + +**12:08 Update** + +Okay, I'm getting a lot of requests for recordings. I actually found one from 5 years ago when I was asked to be a part of the Southeast Horn Workshop's Honor Horn Choir. I'm a section player (not any of soloist sounding horns) and we literally put this together in an hour or so before recording it. It's not a perfect recording, but it's a bunch of young people who are working their asses off to create something amazing, which for me has always been more fun to listen to. + +[Hope you enjoy!](https://www.youtube.com/watch?v=J9KIYtUgexg) + +Current Price: 164.56 + +**11:56 Update** + +GME has stabalized at around 165. Volume is still really low. I'm assuming everyone is just waiting towards the end of the day because there's really no point in making a major move now. + +Retail is obviously not having any issues holding or buying at the moment. + +Once the whales jump in, there should be a buy frenzy that pushed GME back up to 180. They probably want to time it right so that the momentum can continue on into next week. + +This is kind of what I have been anticipating all week. We'll see if Max Pain Theory stays strong. + +Volume: 2,843,000 + +Current Price: 165.55 + +**11:43 Update** + +I just looked at r/Superstonk and I'm not anywhere near the top of the subreddit (remember when I somehow got above Warden on r/GME?) This is very good as it means that we're only comprised of all the chill people who like to vibe. All the haters have left and this has become a drama free zone. We really need to make sure we don't get too big again. Gotta keep my ego in check. + +We're happy to wait as long as we need to for the HFs to pay us what we're due. We'll just sit here and have a good time while we wait. + +Current Price: 165.05 + +[Current song](https://www.youtube.com/watch?v=MBLvex1PZ6U) + +**11:27 Update** + +GME is on its way down. I know most of ya'll are probably pissin' yourselves, but fear not. I'll try to explain this as Ape as I can. + +This be small dip. No big dip. Volume low. low low. + +When volume up, No Dip. We wait whales. Whales Volume. Whales want Max Pain. Whale give Max Pain when time right. Now not right time. + +Oh god, we're going to have so much fun now that I have my life starting to come back together. + +Yes, I took an edible. Bite me. + +Volume: 2,300,000 + +Current Price: 165.30 + +**10:58 Update** + +Alright. I am vaccinated. I've quit my job so I can finally go back to being a musician. This should also give me more time to work on projects with the stock market including GME. + +I'm in an incredibly good state of mind. My job was awful and the pay was terrible, but it was the only thing consistent and safe. Before Covid, I was a very successful musician (one of the lucky few that was able to make a living out of it). I've played onstage with Weird Al and have recorded on the soundtrack for a movie on Netflix. + +I'm hoping I can quickly make enough money to finally add on to my 2 shares (what's up fellow $300 apes) and actually help in this fight. I've missed so. many. fucking. dips. + +Ya'll have dealt with depressed Corno for a bit. This is fucking excited and manic Corno now. + +Hold on to your butts. + +Current Price: 166.26 + +**10:49 Update** + +Sorry Ya'll. I got caught up in work. This is looking like some weird polyrhythmic volatility. Polyrhytmic means that there are essentially multiple forms of volatility which causes these interesting shapes. Like you got a big volatility wave and a small volatility wave going on at the same time. I'm sure there's a technical word for it. I'm also probably too stoned already. + +Anyway.. + +It's ESSENTIALLY trading sideways. Volume's been pretty low so far. + +Volume: 1,790,000 + +Current Price: 167.46 + +**9:47 Update** + +I know there seems to be a decent amount of volatility, but we're only at a little above 650,000 volume. I wouldn't take these price swings seriously until we see volume kick up. I don't anticipate fireworks today, but I also don't anticipate for us to have another sub 8,000,000 volume day. + +Again, Max Pain Theory tells us that the whales will push for 180. The HFs will try to bring the price as low as possible to prevent that from happening. I anticipate that we will see a volume bump at some point that will bring that price back up. + +For now, let's watch this attack and see if the HFs can actually keep the price down. + +Volume: 660,000 + +Current Price: 166.33 + +**9:21 Update** + +I believe I am finally caught up with all of the messages I've received this week. Keeping up with what everyone sends me actually takes a decent amount of time. I understand how many of you are passionate about what we're doing here, and I want to make sure I recognize as many people as I can who have reached out to me to show support, offer feedback, or talk about Banjo. + +I'm impressed that I'm still gaining followers on twitter as I approach 2,000, however I didn't realize until just now that I have nearly 7,000 Reddit followers. I am absolutely floored at how many people are paying attention to my crazy incoherent ramblings. For everyone's sake, I will work to transition this from an emotional psychotic diary to a more serious and fact driven thread. I want to respect those that have chosen to use me as a source of information. + +If you send me a message and I don't respond, please don't be offended. I do promise that I read everything and try to get back to as many people as possible. + +OPEN THE MARKET + +Current Price: 169.79 + +**8:56 Update** + +I added Share Power numbers from next week to the Morning Report. You can find those on the bottom. + +Current Price: 170.00 + +**8:40 Update** + +The pre-market did start with a decent bump up to 175, but since then, it's gone back to where it ended yesterday. + +They did borrow \~335,000 shorts (315,000 GME shorts and \~20,000 ETF Synthetics) this morning. As always, be prepared for that opening bell attack. + +If Max Pain Theory is correct, we should see a bounce back today with an eventual fight to end above 180. + +I am at home today and will be doing a lot of number crunching to try and figure out how the Hedge Funds are using the Option Chain to bring GMEs price down. + +Shorts Available: 35,000 GME shorts, \~113,000 Synthetic Shorts + +Current Price: 169.00 + +🚀 **Morning Report** + +**Share Recall** + +As many of you have heard, if you own shares of Gamestop, you have the ability to vote in the Shareholder meeting happening in June. In order to do this, you must Recall your shares from your brokerage before a deadline that is dependent on the broker, but is coming up real soon. + +The interesting thing about recalling shares is that if your share is being borrowed for whatever reason, whoever is borrowing it needs to return that share to you. If there are a lot of retail holders whose shares are being borrowed, it could result in a massive buy back from everyone shorting the stock. + +Check with your brokerage and ask that your shares are recalled if you want to vote. + +**Option Chain** + +[Excel Sheet](https://docs.google.com/spreadsheets/d/1v4i13Yec7AFpby3sfonaAfzfcmLf8DrTj9nLYy1r7wk/edit?usp=sharing) + +Graphs- [1](https://puu.sh/HwKFz/185b439462.png), [2](https://puu.sh/HwKFB/89911d4652.png), [3](https://puu.sh/HwKG0/8fb3e2821b.png), [4](https://puu.sh/HwKG3/aa62628118.png), [5](https://puu.sh/HwKG5/51d8e9c455.png), [6](https://puu.sh/HwKGa/4f288c20cf.png) + +Balance Point and Max Pain Price Point - 180 + +A lot of Put options were bought yesterday between 175 and 107. I think I've figured out how to calculate the share power of those puts, but those require the Deltas from Pre-market Yesterday, which I did not record. I will keep track of this next week and see if I can figure out just how strong those puts were. + +I did however record the Deltas from today, multiplied them by their respective option totals for each strike price, and multiplied by 100 to get the share power each strike currently holds. + +Total Share Power from Calls: 729,682 Shares + +Total Share Power from Puts: -842,938 Shares + +Total Share Power from Options: -113,256 Shares + +What I imagine this means is that GME is currently manipulated down by 113,256 shares through options alone. I have not kept track of how this has changed throughout the week. I will do that starting next week. As time goes on, I believe this should eventually go to 0. This means that there should be some upward pressure as the day goes on. + +As the day progresses, I'm going to start looking forward to next week and crunch those numbers so we can have a baseline to look back to. + +\*\*8:56 AM Edit\*\* + +I did math on the share power from next week. + +Option Chain ending in 4/16 + +Total Share Power from Calls: 3,681,927 + +Total Share Power from Puts: -1,934,226 + +Total Share Power from Options: 1,747,701 + +This number will change drastically. I'm mainly documenting it so I can compare these numbers to what the numbers will look like after today. That will tell us how much they are manipulating the stock through this specific option chain. +We all know that RC 1) doesn't telegraph his moves as he's stated multiple times, and 2) likes to remain several moves ahead at all times, and 3) has a seemingly strong disdain for negligent or downright hostile CEOs. + +I therefore propose that RC provoking BBBY into a response, especially with such a nicely composed corporate "Fuck You" was absolutely intentional, and meant to rile up the BBBY board, to make them angry. People act dumb when they're angry - they react instinctively or emotionally, instead of purposefully and logically. RC is setting up the garbage to get taken out. + +Things that would confirm my bias and get me internet points in the future: +- I'm guessing by RC's second tweet, that there was some strongly worded discussion between CEOs and board members. I think we'll see an exit by BBBY's senior board +- BBBY eventually getting absorbed into the RC Ventures umbrella, possibly combined with Chewy into a future version of GMerica. Consider this: GameStop provides all manner of electronics and home entertainment, Chewy provides all manner of pet necessities, and Bed Bath provides all manner of home devices/appliances/furnishings. What do you get when you combine all that? A massive Amazon rival, headed by a CEO who still has a full head of hair and isn't a dickwad (Lookin' at you, Jeff, you dickwad) +- But what about the Beyond? Perhaps this is an expansion/lead in to GME's metaverse? Providing a destination for your metaverse decorative needs? Or, since Bed Bath's house brand has already been discussed, perhaps the Beyond will be an intro to a larger GMerica house brand. + +It's early, I have a long drive to work, I haven't had my coffee yet, and I like killing time at work on reddit anyways. Feel free to tell me if I'm dumb, I already know I am. I do think RC made them angry on purpose though. +SPY goes ex dividend tomorrow. This means that if you are short calls, you are at risk of early assignment. The way to tell your risk is to look at the corresponding put to the call you are short. If it is trading for less then the dividend (estimated to be 1.46) then you are at risk here. The cheaper the put price is, the more risk you have.. + +So if you have deep call spreads, time spreads, etc, you need to evaluate your position. +So my mom passed away about a month ago. I'm her only child and after she died I found out from my step-father that she had a life insurance policy on me. She was named as the beneficiary. + +I [38F] was told I could either keep the policy for myself and change the beneficiary or just cash it in. The policy is worth about 18k. If I cash it in would I get the full 18k? Or is it smarter just to keep paying the premium (about $100 a year) and change the beneficiary to someone else? +**Thesis: GME short interest may stand at minimum 107% since January 27th. Only 35% of pre-squeeze shorts may have been covered since January 27th.** + +*"It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so."-Mark Twain* + +*“When the rich rob the poor, it’s called business. When the poor fight back, it’s called violence.” – The Apocryphal Twain* + +**------** + +**I) The Short Interest Numbers** + +Short interest ("SI") is calculated by shares shorted over total outstanding shares. *See* [*https://www.investopedia.com/terms/s/shortinterest.asp*](https://www.investopedia.com/terms/s/shortinterest.asp)*;* [*https://www.investopedia.com/ask/answers/06/shortedstock.asp*](https://www.investopedia.com/ask/answers/06/shortedstock.asp)*.* Apparently other firms have used different versions of float. All other forms of float are likely incorrect, and not likely used by Finra. **This is an important assumption** \- if I am wrong here, then fuck. + +**Edit** (to above): People are suggesting my float is wrong. That is exactly my point. I am using float as outstanding shares b/c we don't know what it is. If someone actually knows the float used by FINRA, post it; this post is then useless. The math working backwards from 226% is fair game, however. That's why it's possible I'm wrong (*see* [*https://www.highshortinterest.com/*](https://www.highshortinterest.com/)*)*. *See also* comment by [JeanGuyRubberboots](https://www.reddit.com/user/JeanGuyRubberboots/) below (ctrl+f). *Either way, it's remarkable that $GME on some sources is still the most shorted stock.* I want to see the actual float used by FINRA. Until then, here's the math based on the SI equation. + +Total outstanding shares of GME is 69.75 million. *See* [https://finance.yahoo.com/quote/GME/key-statistics/](https://finance.yahoo.com/quote/GME/key-statistics/). + +Finra SI of GME is .78 as of January 27th. *See* [*http://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=126%3A0P000002CH&sdkVersion=2.58.0*](http://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=126%3A0P000002CH&sdkVersion=2.58.0). + +.78\*69.75 million = 54.405m. Thus, 54.045m million shares are short GME of January 27th. + +To calculate real SI, we remove insider ownership. **Another big assumption**. Insider ownership stands at 19.06m. *See* [https://finance.yahoo.com/quote/GME/insider-transactions/](https://finance.yahoo.com/quote/GME/insider-transactions/). + +Thus, free float is outstanding shares *less* insider ownership shares. 50,750,000 shares. + +**Real SI appears, at minimum, 1.07 (54.405m/50.750m).** + +\---- + +**II) The Shorts Remaining and Covered** + +On January 15th, GME SI stood at 121%. *See* [https://www.nasdaq.com/articles/are-these-the-best-heavily-shorted-stocks-to-buy-right-now-5-names-to-watch-2021-01-31](https://www.nasdaq.com/articles/are-these-the-best-heavily-shorted-stocks-to-buy-right-now-5-names-to-watch-2021-01-31). + +Thus, from January 15th to the 27th, we know at least 84.397m shares were shorted. (1.21\*outstanding shares). + +By January 27th, 54.405m shorts remained (previous short amounts minus current shorts remaining as of 1.27). The number of shorts that covered from Jan. 15th to the 27th was was 29.992m. 29.992m/84.397m shares = \~35%. Thus, 65% of shorts pre-squeeze remain, owing APR. + +Around \~35% of covering resulted in a 1,600% rise. Thus, a 65% cover rate (conservative) can yield a 2,971% rise. Let’s apply this math to now. From $50, this is a $1,485.50 GME price result. Could this happen? No idea. Notice the problem with this: I'm assuming *only* covering led to this rise. So this is simply a demonstrative point. + +**New shorts from Jan. 27th to present likely opened at higher prices. 65% of those from $5, $10, $20, etc., probably remain. This is bad news for HF's.** + +**III) The Effect** + +Based on estimated remaining covers, price stagnation at $50 could result in further covering and collateral calls. This burden is reduced if HF's opened new shorts at the peak and they are substantially ITM. This part is unclear. We know it's very likely that HF's opened new shorts at the peak--- what isn't clear is that it was within their risk department's policy to open new shorts during a fucking squeeze. In my opinion, it wasn't until drops below <$200 the HF's felt safe opening up new shorts. This is a substantial point: if the new shorts are at much lower price points than thought, then the pain points for HF's are far lower. It's just unclear. Nonetheless, HF's may be bleeding substantially every week because of those remaining shorts. + +A good counter is that borrow rates currently seem low for new positions. *See* [https://iborrowdesk.com/report/GME](https://iborrowdesk.com/report/GME). You'd think these are correlated markets, so the most shorted stock on the market would have higher borrow rates. Borrow rates could be low because it's no longer shorted. Or because there is no volume on the stock. I'm not sure what borrow rates are for open short positions, but I imagine they're higher. I don't know more beyond this. Feel free to debate. + +Moreover, consider the current liquidity and volume of $GME. It appears that retail buying power is spent. People either cashed out or are holding. So, they are unlikely to trigger the next squeeze - or a gamma one for that matter. Thus, the fighting grounds has likely gone institutional. Not all hedge funds are short $GME - nor are all financial whales. In my view, this has become an institutional fight, with both sides pointing the gun at each other, waiting who's going to pull the trigger first. Retail is simply on the sidelines, holding the clips in for both their guns (smirking, of course). How long until every chump with a few million bucks laying around realizes this is still the most shorted stock on the market before they infuse substantial buying pressure? Or I guess one Moby Dick will do it. My reservations in these predictions is that HF's are smart, they can't be fooled twice, etc., and all of that non-sense. But before intelligence comes greed. And I know greed and desperation has always governed the financial system. + +**IV) Parting Thoughts** + +It would take a half-brained monkey 45 seconds to crunch the short interest numbers. Yet Finra was late (posted after hours I think). This is the most shorted stock on the market according to my numbers - yet, again, **dead silence** from the mainstream media. Sources are using various versions of float to calculate SI, as if suddenly short interest is something that be manipulated based on our interests. Americans with $2,000\* in their checkings account are being investigated for stock fraud (that is, the general public and the focus doesn’t appear to be on hedge funds) and not the Big Money that loop-hole-engineered an illegal 140% naked short situation. *See* [https://fortune.com/2021/02/12/gme-gamestop-federal-probe-reddit-stocks-doj-justice-department-wallstreetbets-market-manipulation-amc/](https://fortune.com/2021/02/12/gme-gamestop-federal-probe-reddit-stocks-doj-justice-department-wallstreetbets-market-manipulation-amc/); *see also* [http://www.firstamericanstock.com/index.php/articles/why-is-naked-short-selling-both-illegal-and-common-practice/](http://www.firstamericanstock.com/index.php/articles/why-is-naked-short-selling-both-illegal-and-common-practice/). + +The Big Short is illustrative. It depicts how corruption and fraud has always been the building blocks of our financial institutions. Put differently, fraud doesn't just pervade the system - nay, it ***is*** the system. Everything I've seen *just doesn't feel right*. Understand at this point I'm speculating. But I trust my gut. + +There are also posts suggesting OTM/ITM options are encouraging institutional price manipulations of $GME. This is beyond my knowledge span. However, if you looked at the bid-ask spreads this week of $GME, they were at times pennies apart for days. I've never seen that before. Seriously, **what the fuck.** + +DFV is testifying alongside the CEO's of Robinhood, Citadel, and Melvin Capital. Next Thursday is a day to watch for me. Again $GME will be the most discussed and watched stock in America - and, arguably, the globe. Americans *and the world* will be reminded why their holdings in $GME tanked 50-90%. For many, their life savings. No, it wasn't a result of imprudent investments -- to invest money into a squeezing stock is a *good* idea short-term. It was the clearing houses pulling the plugs because *the financial system was never designed for working people to make that much money. So when the risk of you getting that rich increased, they stopped the game (pun intended)*. We don't even need to get into whether there was intentional collusion - that's just speculation, and it doesn't even matter to establish how messed up this is. But think of how this plays out: these institutions either bullshit their way through the hearing and everyone and their moms sees past it. Or they tell you the truth that, based on risk management and capital models, they never thought retail would get that rich that fast. Either way, I don't think it'll play out well for them other than DFV on national television. A key element to the public's reaction: AOC grilling the hell out of these folks. That will likely infuriate a lot of Americans watching. + +And to set the record straight, I don't think retail is propping $GME at $50 because they have diamond hands -- middle America is holding because *they have nothing to lose* after the clearing houses and Robinhood tanked their portfolios by over half. **So their plan to kill off retail interest backfired.** In the process of stunting buying pressure, they inadvertently made chunks of working America diamond holders. Poetic justice - and fucking hilarious. + +I'm not demonizing rich people. We all want financial freedom. I'm demonizing cheating the game. However this ends one thing is clear: The Big Squeeze is going to be an epic movie. + +**TLDR: it's in the damn title.** + +\-- + +**Disclaimer because working people are vilified when the financial system is exposed - does this sound familiar? It should because it's a reoccurring pattern. When rich people lose, poor people are blamed and we foot the bill:** I'm a random guy on the internet stating my opinions so if you take my advice to do anything without your own research, you are dumb. This DD could be garbage. If you disagree, comment below and counter me. I don't want an echo chamber. Not a GME promotion, just more DD. + +\*To be accurate, it doesn't appear small traders are being targeted. But you *get* the idea. +Buckle up boys and girls because I'm about to give you a play for tendie town. The plan is simple. +1. Go get yourself as many credit cards as you can. +2. Student loans in the amount of the card approvals. +3. Cock lock n load that loan into all the fucking puts you can. Incoming red season. +4. Go enjoy the tendies from that investment you couldn't afford. + +"But wait? What of these puts dont print? I'm fucked with this student loan?" +WRONG. Transfer the loan to the credit cards, default the payments, file BK. +0 risk, HUGE reward. You're welcome. +I'm not a huge spender, but I have a difficult time sticking to a budget. I find it hard to say "no" to myself and others when going out while over budget. In my head -- since I have a higher income, the savings rate percentage change from not sticking to a budget is negligible. However, I want to lower my expenses enough to get ever so closer to my projected expenses. + +Those of you with higher income and very modest budget, how do you motivate yourself to stick with it? +I just did it! Current age is 43. My main goal with FIRE was to reduce my anxiety from a stressful job. I think I was almost trying too hard to be FI that it also was creating more anxiety. +I had been on track to be ready to retire at 50, but I was just getting so frustrated with my job putting more and more on my shoulders. +As my boss was offering even more money to take on more responsibility, I finally confessed that is wasn't about the money for me anymore, I wanted more freedom. +This was super stressful, but so glad as my boss suggested me going part-time and taking a huge chunk of responsibility off my plate. I said that I would be open to that. +They came back with an offer for me to go down to 50% pay and work 3 days (but 9-5) instead of my normal 9-8ish. +I crunched some numbers and am now semi-retired and have so much less anxiety and stress. +I would just like to thank this sub for getting me to a position where I could have that conversation without stressing too much that I would be financially ok. + +Edit: Stats +43, $1M condo paid in full, $400K in invested assets, salary will now be $60K (instead of $120K), single, and addicted to travel and my hobby of glassblowing. +Work is also flexible with me working 4/days/week when it's busy and then banking those days so I will be able to take longer vacations when it isn't as busy. + +Merger between APHA and TLRY finalizes in Q2 of 2021 per company disclosures. Shareholders of APHA will convert their shares to TLRY stock at .8381 per share. New Company will keep TLRY name and stock symbol. + +Here is the math as of last nights close + +&#x200B; + +10 shares of AHPA @$16.60 = $166.00 invested + +ONCE MERGER COMPLETED APHA SHARES CONVERT TO TLRY SHARES AT THE .8381 RATIO: + +10 X .8381 = 8.381shares of TLRY which closed yesterday at $26.60 per share... + +&#x200B; + +**10 APHA x .8381 = 8.381 shares of TLRY @ 26.60 = $222.93 -- that's an additional $57.93 in principal balance invested. A built in buffer against loss or just pure profit.** + +as long as this spread between the stock remains the value appears to be very significant. Going off of yesterdays close: + +&#x200B; + +Approximate..... + +10 shares = $57 additional profit + +100 shares = $570 additional profit + +1000 shares = $5,700 additional profit + +10,000 shares = $57,00 additional profit + +&#x200B; + + If this trend continues there is a built in buffer against loss as well a significant upside if TLRL and APHA keep trending upward and the spread remains the same. I am surprised more people have not jumped on this especially with the news on how US appears to be position cannabis legalization nationally and APHA is one of the first cannabis companies to actually produce a profit at the last earning report in 2020! I am not an investment advisor, but this seems like a great deal to me. Definitely check my math. +Then you can donate to the charity of your choice...or just delete the seed and give a donation to all holders by reducing the total supply available. + +It's worth doing something good before dying, no ? + +What are your thoughts on this ? + +Edit : of course it works for suicidal or just people planning to disappear. + +Edit 2 : hahaha so much love and hate from all sides. +I'm drinking hate while chilling in love and hugs. +Thank you all for your involvement. Happy to see this idea made a lot of reactions. + + +After making a comment on one of the threads, I realized how outdated my observations (“Texas trailer park retirement” and “10/10/4 plan”) were compared to the level of sophistication people are approaching FI now. In my defense, I really did read “Your Money or Your Life” in the early 1990’s and was heavily influenced by its philosophy. Though I did think it’s investment philosophies were way too conservative much to my long term advantage. My only suggestion for this subreddit would be updating the FAQ with a detailed glossary covering the abbreviations. They can be a bit intimidating to a newbie. +I currently live in NYC, and my pockets are hurting. I make low 6 figures, and both taxes and COL and crazy high here. + +I have the option to work remote. I’m looking for a city with either low income tax or low COL or both? + +The only thing I really need in a city is a good transit system, I don’t own a car and don’t want to. Which is why I prefer ‘big’ cities. +So, I'm 32 with 2 kids and a single income. We live a pretty montonous life during the week, and I've found that this structure brings me a sense of peace and security, especially with finances. I work from home and the kids attend school a mile away. Externally, I'm working to budget our new rent payment. Internally, I am working to recognize my negative thoughts and change them to positive statements to overcome this debilitating fear of being poor. + +Anyway, I drove to the bank to drop off my rent check this morning, which was different from my usual mile journey to school. I had the windows down, not minding the rush hour in our suburb, and had this thought of 'what would make this even more enjoyable?'. Everything in me wanted to slip into the McD DT and get a hashbrown and a biscuit sausage egg. Something as simple as breaking up my normal drive sent me on this hurried mission to make the most of it, get more, only live once. + +But I'll tell ya what. I was listening to the She Makes Money Moves podcast and I just finished my first YNAB budget last night on their free trial. I remember seeing that I had already overspent on my "eating out w/o kids" budget, but man, I REALLY wanted one. I knew I had a ton of eggs at home since I recently went to Aldis, and I knew that the drive thru wasn't worth it. My homemade potato and egg taco was delicious and I ate it again for lunch. + +My rent was paid, I ate at home, and I went the gym = $0 unaccounted for. + +One day at a time. + + +Alibaba stock has been on a sharp downtrend since November even as the former China leader continues to deliver strong earnings and sales growth. Increased regulatory scrutiny has weighed on Alibaba stock in recent months and the stock has fallen almost than 50% off its high. BABA stock looks like it's on sale now, but is Alibaba stock a buy now? + +China stocks sold off hard on July 23 after Beijing cracked down on education stocks like **TAL Education (TAL)** and **New Oriental Education (EDU)** fell more than 50%. + +Alibaba on Aug. 3 reported a 22% rise in quarterly profit. Revenue increased 44% to $31.9 billion. Alibaba said it had 1.18 billion annual active customers during the 12 months that ended June 30, up 45 million from the previous quarter. It reported 939 million mobile active users, up 14 million. The company also increased its share buyback program by $5 billion to $15 billion. + +Cloud computing revenue increased 29% to $2.49 billion. + +**Alibaba** gapped down on May 13 after the company missed expectations, but revenue growth accelerated for the fourth straight quarter, soaring 77% to $28.6 billion. + +**Strong Results** + +Alibaba's Q3 earnings report in February revealed another quarter of strong bottom-line and top-line growth. + +Adjusted earnings rose 30% to $3.38 a share. Revenue growth accelerated for the third straight quarter, jumping 46% to $33.87 billion. Revenue for the company's cloud computing business grew 50% year over year to $2.47 billion. + +One day after its earnings report, Alibaba stock jumped 3.5% on Feb. 3 after the company's fintech arm, Ant Group, struck a deal with Chinese regulators to restructure and become a financial holding company. Ant Group operates a suite of financial products, including the widely used Alipay digital wallet in China. + +**Sellers Hit BABA Stock** + +Sellers knocked Alibaba stock lower on Nov. 3 after the $34.5 billion Ant Group IPO, the fintech arm of Alibaba, was suspended in Shanghai and Hong Kong. The decision to suspend the IPO came after Shanghai exchange officials said the exchange would halt the listing due to the company's inability to fulfill conditions amid changes in the regulatory environment. + +BABA stock crashed another 8% on Nov. 10 after Chinese regulators announced new draft antimonopoly rules for China online platforms like Alibaba and **JD.com** (JD), among others. + +**Alibaba Stock Fundamental Analysis** + +It's hard to find a company with a more impressive track record of growth than Alibaba. The company has a five-year annualized earnings growth rate of 29%. + +Expectations were high for Alibaba's Singles Day annual shopping event in November, China's biggest shopping day. The company didn't disappoint as sales nearly doubled from the year-ago period to $74 billion. + +The company has been able to stay in growth mode despite a slowdown in its core e-commerce business. + +Alibaba's business in China looks a lot like Amazon's in the U.S. Alibaba’s cloud-computing business is showing solid growth, just like Amazon's booming web services business. + +For its current fiscal year 2022, Alibaba is expected to earn $9.58 a share, down 4% compared to 2021. But growth is expected to ramp higher in 2023, up 23% to $11.79. + +&#x200B; + +**TLDR:** + +Alibaba keeps having an astonishing growth while the price declined from the previous high. Regulation will weigh on future performance but long-term growth will remain and the current price looks like a bargain. +My work went through a merger. They released my 401(k). After taxes and penalties, I estimate I should have 30k left over. I’m not interested in keeping that money in the 401(k) account. I’d like to open a taxable account and focus on building a dividend growth machine. + +I’m also open to putting it all in monthly dividend paying stocks as well. I’m also open to playing the short game and taking advantage of companies that are on sale. + +Does anyone have any advice or strategy they like? Thanks in advance! +I've read on here several times to avoid holding REITs in a taxable account due to how they are taxed. + +Would I be better off building up something like SCHD in a taxable account, or is it still worthwhile to hold REITS like O and STAG in a taxable account with the understanding they won't be as productive there as they would in a Roth? + +Thanks! +Besides technical solutions like DCA what are some of your emotional strategies or mindsets that keep you positive/calm in this kind of market condition. + +Although I am still in my early 20s, has been investing for long-term regularly, and history has shown time and time again that the market is self-cleansing and always recover. The general negativities from all the overwhelming what-bleeds-leads article and headlines are ever so demotivating. + +Personally, I just finished JL Collins’ The Simple Path to Wealth and almost half the book really put emphasis on the importance of understanding and accepting market pull backs as part of the process. + +Interested to see what are some of your strategies. +IE 20-40 stocks with $ in each that combined payout that is (almost) monthly? + +Ive been trying to organize my portfolio better and get my arms around that but haven’t had time. Would be curious to know what others have developed as I am working on my own. +Hello i have some thing i want to ask the pro investors here + +$SDIV question for those who understand + +Dose it take some fee this etf? + +And i want to know what u think + +Should i take loan for 30k with 5% interst +And buy this this 10% yield + +What should i take in consideration when u do something like that + +And i know its not good to put all in one place but lets say i invest in few company with 10% yield + +What you guys thinking + +Ty you from advance👍 +Besides technical solutions like DCA what are some of your emotional strategies or mindsets that keep you positive/calm in this kind of market condition. + +Although I am still in my early 20s, has been investing for long-term regularly, and history has shown time and time again that the market is self-cleansing and always recover. The general negativities from all the overwhelming what-bleeds-leads article and headlines are ever so demotivating. + +Personally, I just finished JL Collins’ The Simple Path to Wealth and almost half the book really put emphasis on the importance of understanding and accepting market pull backs as part of the process. + +Interested to see what are some of your strategies. +Hi Folks, + +Been learning a lot on this sub for a couple days now and have a major question. I'm a 20 year old college student with a good sum of money invested at a 1.33% dividend yield. My question is at my young age, should I try and increase my dividend yield or look for more growth stocks. + +&#x200B; + +Thank you! +So here's the lowdown. I'm 4 months ($780) away from paying off my 2008 Toyota Rav4 Limited. I've been looking forward to taking that extra, monthly cash and decimating the rest of my student loans ($10,000 or so). + +However, I took my car in for an inspection on Wednesday, and there's A LOT wrong with it; left front control arm, sway bar, drive shaft, rear brakes and rotors, and body work to repair rusted rocker panels. My best guess is I'm looking at around $4000 in repairs if I can buy the parts myself and find someone to slap it together., or $7,000ish if I go to the dealer and know the job was done right. (I have $2,500 in savings.) I should also mention I'm scared of pouring that much money into the vehicle and, where it's so old, having to put thousands more into it in just a year's time. + +KBB has my car listed anywhere between 4 to 8 thousand dollars. (It has leather seats, JBL sound system, moon roof, roof rack, weather tech floor mats, etc.) + +I have a lot of options, but don't know what to do. As it sits, I could probably get 4 grand out of it. (Carmax quoted me 5, but I bet it'll be less when they see the extent of repairs.) + +This is the worst possible time to have to buy a vehicle as interest rates are crazy and vehicles (even used) are being sold well above MSRP. + +Leasing seems to be out of the question as I don't have enough cash on-hand for the down payment, and I could only afford a monthly payment of $200-$250. + +My wife has a 2017 Subarau and has suggested we go down to one vehicle, but that introduces a number of headaches in trying to juggle who has the car (and when) for work and such. + +I'm just wondering if there are any options I've overlooked, or what everyone here thinks I should do? +Recently, I went to visit my cousins in NYC. I'm pretty close to them, one had a similar upbringing, interests, and savings as me, the other (M) had parents separate early, in debt, etc. + +M overcame his situation and is very educated, pursuing a PhD now. His siblings barely/didn't finish high school. All of his family has money issues, including him, but I always trusted him and felt he was generally more responsible and self sufficient (but still, spends a bit beyond his means). + +A few years ago, he asked for money to mortgage a house with his friends and I declined for multiple reasons. + +Anyway, I stayed with him and his family (small 2BR, he was sleeping on the couch and I slept on an inflatable bed in the middle of the living room) and talked with his sister (R) for a while. We were talking about how they live in NYC and it's pretty expensive and whatnot. I live in a low COL area and merely mentioned that I'd LIKE to retire early by like 55 or something and somewhat jokingly. + +However, a few weeks later my family comes to me asking if I said I had a lot of money to them and to be careful about it. As it turns out, that got very much twisted and R told their mom that I had enough money to retire by 45. They then went asking my mom for money since they thought I was very well off. My mom denied it, they don't even know how much money I have saved. + +Anyway, just a word of warning. This brought some tension into our family, so just avoid it no matter how close you think you are with them. +I'm 31, busting my ass sixty hours a week in two jobs, making about 36K BEFORE taxes (painfully less after). I save and invest as aggressively as I can, and live below my means, but it doesn't seem to matter much when I make so little to begin with. It doesn't help that I have huge medical bills and simultaneously support two sick, elderly parents. I'm lucky to throw a thousand into an index fund every year. + +I know I should not compare my financial journey to someone else's, but it's discouraging to come here and see posts that start so casually with "hi, I'm 24 and make 70k/90k/125k a year. Also my spouse is a surgeon. How should we invest? tee hee" Anyone having similar issues? How do you deal with it? + +(Before anyone suggests it, yes, I apply for better paying jobs quite often. Never get them.) +A couple of months back I wrote a post of my journey from debt to reaching $1 million and becoming FI and RE. See [https://www.reddit.com/r/financialindependence/comments/842p8a/debt\_to\_one\_million\_how\_i\_did\_it/](https://www.reddit.com/r/financialindependence/comments/842p8a/debt_to_one_million_how_i_did_it/). + +There were large sections missing from that post, but many commented that they were interested in hearing more about the ecommerce business I built. With that I would have likely taken 5\-10 years longer to FIRE. + +This might not be interesting to most of you, but if you're interested in a side project like this it might be of some use. + +Cross posted in /entrepreneur. + +I should first say that I didn’t actually set out to create an ecommerce business, but one thing lead to another and I ended up with one anyway. + +It started when I bought a fairly expensive electrical product, and that set me wondering how much profit the seller made. \(I don’t want to say what this is because I don’t want a ton of people competing with the current owners\) So I searched for suppliers and emailed to ask them about their wholesale prices. Some ignored me, some said to get back to them when/if I had a real business, but one gave me a price list and suggested I try selling them on ebay. He also said he was happy to dropship them for me, and so I wouldn’t need to pay him until after the customer had paid me. He seemed to prefer to be the wholesaler and didn’t really want to deal with the end customers. He also supplied all the images and text fr me to use. + +So I thought I may as well give it go, and listed about 2 or 3 of the products on ebay. I sold my first one the day after listing. Over the next few weeks I sold enough to make the equivalent of around $3,000 a year. I was happy with that, and thought it would pay for a nice holiday. Those were my only hopes at the time. + +But then a little time later I thought that if I also had a website I could maybe double that and earn $6,000 a year. That would pay for a holiday and some nice treats during the year. So with my profits I found someone to build me an ecommerce site. I should point out that his was many years ago, long before simple solutions like Shopify, woocommerce and others. Back then you had to install a script on a website and configure it to how you wanted it to look. It seemed pretty technical to me. + +A month or so late I had a functioning website. I can’t remember where I advertised, but probably on some forums, but that lead to me getting extra few sales. It was only then that I started to think seriously about making it a real business. I asked on forums and got a ton of great advice. + +Now that I had a website I re\-contacted some of the wholesalers I had contacted to begin with, and a couple allowed me to have a dropshipping account. These companies weren’t set up as dropshipping companies, but already sold to other consumers, and were happy to get some extra sales. Initially I used some expensive company to do the credit card processing, but as sales rose I relized they were taking far too much of my profit, and so contacted local banks to arrange a merchant account. That saved me a small fortune. All this takes extra work, and seems to be something that many don’t want to do. But it is really worth putting in the effort. + +I then start researching how to get more traffic, as it looked like this could be a very successful business. I decided on giving Google AdWords a go, and that was what transformed my business. I eventually paid an AdWords expert $3,000 to teach me how to use AdWords efficiently, and my monthly AdWords spend dropped from around $3,000 a month to around $2,000 a month, while getting more sales. + +I then contact more and more suppliers, and started getting the products shipped to a fulfillment warehouse that someone recommended. Before that I’d never even hear of fulfillment warehouses. I still hear people say they are too expensive, but the amount they saved me on shipping practically paid for the whole warehousing costs. Large fulfillment warehouses that ships hundreds of products a day can get very deep discounts. The shipping charges were almost half of what I could get with the same or similar shipping companies. For example, I might have paid $3\-4 to pick and pack the products, but I save that and more on the shipping costs. + +A couple of years later the business was doing very well, and so I gave up my day job. A year after that I decided to move abroad, so sold the business for around $250,000. I used that to pay off my mortgage and move to Thailand. That was one of my best moves. + +Now, years later, I’m looking to start another ecommerce site, although it seems things have changed a lot since back in my day. I’m currently working on becoming Google AdWords certified as well, so another option could be to run a side business offering AdWords consulting. Or maybe I’ll combine both. But I’m semi\-retired, so will only work part\-time, as I’m enjoying my life here too much. But it will be nice to have another side project to work on. + +Some niches I’m considering. What do you guys think? + +Small wooden furniture, such as coffee tables, mirrors, etc. I would need to ship from Thailand initially though, which might not be great. Good profit margins though. + +Vegan products – veganism is huge in the UK right now, so there might be an opportunity to produce products in Thailand and sell to uk stores and/or consumers. + +Vintage products – should be able to find plenty here. + +Jewelry – Easy to get here, and my wife understands the market a little. Might be hyper\-competitive though. + +If you have any questions, just ask. Happy to answer wherever I can. +Not at fatFire yet (see flair) but plan is to have a "snowbird" home in retirement to escape our current hellish winters. Would love to hear where you chose to buy your second (or third?) home, why you chose that location, how big did you go (compared to primary residence) and any lessons learned along the way. +What you guys think about it? The IV isn’t really sky high and seeing pandemic stocks like pton plummeted by 30%+ after earnings, would outright buying puts be a good idea? +First of all, I'm only 16 years old. Yeah, big woop a 16 year old immature brat on reddit. Anyways, getting onto the point of this... + +Okay, my dad who is disabled and trying to get money for us put money into the stock A123. If you know, the stock went bankrupt and went down to 6 cents. He lost all his money on his Fidelity account. $3,000 in the hole. + +I know that might not seem like much to a lot of people but to us it is. I know this will probably get a lot of crap. But, hes new at this! He really is trying his best. + +~~Sigh, heres a big request, reddit... I need help. What can I do? What can he do? Will A123 go up maybe? What do you think? I don't care if this gets all the dislikes in the world. As long as one person, even one... Can give us something to work from.~~ + +Thank you for taking your time to read this. +Thank you even more if you post with advice and what we can do. +Thank you. + +--------------------------------------------------------------------------------- + + +**BIG EDIT: Thank you everyone for the comments and advice! It really helped me out! Thank you thank you thank you! He and I will learn from this. He is in a very deep depression hit but I know he has the strength to overcome this. + +We were able to sell the stock at .0604. Better then nothing, right? He will being writing off the loss in tax returns. Unfortunately no Christmas for us! But, I think it's good enough we have a roof over our heads and especially have each other. He's all I got! + +Once again, big thank you! I'm going to be applying for more jobs and helping him out as much as I can!** +I fucked up. More than once. Many times, in fact. I started out with $12k in March, and now I have $1.5k. How did I get to this point? Well, I got sucked into the mindset that everything is absolutely fucked and got fingerblasted by one put option after another. As the stock market rallied in April, I remained skeptical and deluded myself into thinking that the rug pull was going to happen at any moment. Then, most recently, I let the desperation get to my head. When my trades were profitable, I waited to cash out, thinking I could recoup more of my losses if I held. Those profits quickly turned into losses. In other cases, I would make a play, watch it go south, and exit for a loss when I could have made some hefty gains had I just held. It was one misstep after the next. Then I heard about these oil tankers. I got sucked into the hype, thinking this could be the play that would get me out of this gigantic hole I dug for myself. I got calls on NAT, DHT, EURN, and STNG. For a short time, I was up by 20 to 50%. Again, I held too long, and they all drilled. I could have exited at a substantial but manageable loss, but I believed that as earnings approached, they'd swing upwards again. Needless to say, I was wrong. Oil climbed back up, tankers plummeted even further, and earnings did jackshit for their stock prices. Oh yeah, can't forget about unusual option activity - got fucked by that as well. And here I am. + +I'd like to say I learned my lessons, that I'm better at managing my risk and my emotions, but is it enough to make the climb back up from $1.5k? I'm not so sure. I could use your advice on how to proceed. If you've been in this situation before and managed to recoup your losses, I'll take whatever pointers you can give. + +Edit: My dudes, I cannot thank you enough. This thread is a wealth of information, and I will be using this to set a strict trading strategy. I hope one day before this year is up, I will be able to come back with an update with good news. +Let‘s remind ourselves here why we bought btc in the first place: a censorship resistant and permissionless system where no fucking institution tells me with whom I am allowed to transact with. This is an investment that bets against a repressive system built and maintained by corrupt governments and corporations that serve their own needs. If you still haven‘t grasped this then please sell all your coins and GTFO. +https://www.cnbc.com/2020/05/29/us-savings-rate-hits-record-33percent-as-coronavirus-causes-americans-to-stockpile-cash-curb-spending.html + +The personal savings rate hit a historic 33% in April, the U.S. Bureau of Economic Analysis said Friday. + +“There is a tremendous uncertainty and virus fear that is lingering and that is restraining people’s desire to go out and spend as they normally would,” said Gregory Daco, chief U.S. economist at Oxford Economics. + +With the U.S. consumer accounting for more two-thirds of the economy, the economic recovery depends on whether the increase in savings is a result of shutdowns or structural changes in consumer habits, analysts said. + +The increase in savings came as spending declined by a record 13.6% for the month. +As I’m sure everyone has now seen, Congress has left for the year and there’s no possibility of the bbb plan happening this year. I, for one, plan on going through with it even though there’s a distinct possibility it gets passed sometime in Q1 and it’s still dated for 2022. F**k it. +As I’m sure everyone has now seen, Congress has left for the year and there’s no possibility of the bbb plan happening this year. I, for one, plan on going through with it even though there’s a distinct possibility it gets passed sometime in Q1 and it’s still dated for 2022. F**k it. +My wife's aunt (70 y/o) who is a first generation immigrant has saved more than $150k in cash over her lifetime and has it stashed away in her house, but she has no financial records to prove its been taxed. Now she's thinking about moving and wants to deposit it into a bank account. Is there going to be any issue? I'm worried about Uncle Sam coming after her money AGAIN. +I'm a tech employee in my 3rd year receiving a generous RSU package with stock refreshes every year. I was going on fine without a care in the world during the 2020 tax year. + +But in 2021, due to stock refreshes, my RSUs skyrocketed moving me from the 22% tax bracket to the 37% bracket based on the RSUs I received alone. Sounds great right? Not really because I'm finding out that I have to pay taxes on these RSUs even if I didn't sell any share. + +Looking for advice how folks in the same situation handle taxes with these healthy RSUs. Do I really just pay Uncle Sam an estimated tax on these RSUs. I feel like I'm just giving $$ away. Sorry for the vent. I've never experienced this before. Thanks in advance. +Hi all, + +Looking for some advice. I have around 34k in student loans @ 5.5%. I already pay around 330 a month on them and my work chips in 100. I am going to get a pretty decent tax return (around 4K) and I was wondering if I should pay those loans down or use it to jumpstart my tradition IRA for 2019. I’m kinda worried about the market tanking soon so that’s why I am on the fence about this. Anyone have any thoughts on this? +Hi, + +&#x200B; + +My work offers different 401k options, I'm trying to figure out the best one to pick, but not sure how to go about it. +I have provided the list below if anyone is familiar with these ones, or if any one has recommendations on how to search and compare. I'm also 26 with no proper savings yet, just money sitting in my savings accounts. + +&#x200B; + +Thanks in advance. + +&#x200B; + +|Vanguard Target Retirement 2055 Inv (VFFVX)|Vanguard Growth Index Admiral (VIGAX)|Vanguard Growth Index Admiral (VIGAX)| +|:-|:-|:-| +|Vanguard 500 Index Admiral (VFIAX)|Vanguard Industrials ETF (VIS)|Vanguard Short-Term Bond Index Adm (VBIRX)| +|Vanguard Communication Services ETF (VOX)|Vanguard Inflation-Protected Secs Inv (VIPSX)|Vanguard Small Cap Growth Index Admiral (VSGAX)| +|Vanguard Consumer Discretionary ETF (VCR)|Vanguard Information Technology ETF (VGT)|Vanguard Small Cap Index Adm (VSMAX)| +|Vanguard Consumer Staples ETF (VDC)|Vanguard Interm-Term Bond Index Adm (VBILX)|Vanguard Small Cap Value Index Admiral (VSIAX)| +|Vanguard Energy ETF (VDE)|Vanguard Long-Term Bond Index Admiral (VBLAX)|Vanguard Target Retirement 2015 Inv (VTXVX)| +|Vanguard Financials ETF (VFH)|Vanguard Materials ETF (VAW)|Vanguard Target Retirement 2020 Inv (VTWNX)| +|Vanguard FTSE All-Wld ex-US ETF (VEU)|Vanguard Mid Cap Index Admiral (VIMAX)|Vanguard Target Retirement 2025 Inv (VTTVX)| +|Vanguard FTSE All-Wld ex-US SmCp ETF (VSS)|Vanguard Mid-Cap Growth Index Admiral (VMGMX)|Vanguard Target Retirement 2030 Inv (VTHRX)| +|Vanguard FTSE Developed Markets ETF (VEA)|Vanguard Mid-Cap Value Index Admiral (VMVAX)|Vanguard Target Retirement 2035 Inv (VTTHX)| +|Vanguard FTSE Emerging Markets ETF (VWO)|Vanguard Prime Money Market Investor (VMMXX)|Vanguard Target Retirement 2040 Inv (VFORX)| +|Vanguard FTSE Europe ETF (VGK)|Vanguard Real Estate ETF (VNQ)|Vanguard Target Retirement 2045 Inv (VTIVX)| +|Vanguard FTSE Pacific ETF (VPL)|Vanguard Real Estate Index Admiral (VGSLX)|Vanguard Target Retirement 2050 Inv (VFIFX)| +|Vanguard Target Retirement 2060 Inv (VTTSX)|Vanguard Target Retirement Income Inv (VTINX)|Vanguard Total Bond Market Index Adm (VBTLX)| +|Vanguard Total Stock Mkt Idx Adm (VTSAX)|Vanguard Utilities ETF (VPU)|Vanguard Total Intl Stock Index Admiral (VTIAX)| +|Vanguard Value Index Adm (VVIAX)||| +Dear Mods, + +It has come to my attention the overwhelming flood of Memes that has been emerging in the Hot section of the Sub. + +This constitutes a problem in that new Apes and Visitors are instantly shown memes and shitposts, rather than the Quality DD that so many Apes have sacrificed their time and energy to write. + +This leads to the second problem. + +The flood of shitposts and memes has enable Shills and Karma Farmers to quickly accumulate Karma and continue the loop of memes flooding the sub. + +This leads to the third problem: + +With enough Karma, Shills are then able to bypass the santori algorithm. + +The fourth problem: + +The shill takeover of the sub by flooding with memes and drowning out Quality DD. + +Please Mods, take this seriously. + +Edit: Another Ape has made an analytical assessment on the Shills manipulating the sub +https://www.reddit.com/r/DDintoGME/comments/o2evxb/ive_logged_superstonk_active_users_count_weird/?utm_source=share&utm_medium=web2x&context=3 +Airline sector, finance sector, energy sectors, industrials have taken a beating. + +Even BRK.B, is down 24% from ATH. + +We all know Tech is powering on and leading the market upwards. + +But any conversations about airlines, energy etc is very negative. Talk like "the travel industry may never recover". I wasn't an adult during 2008 but I imagine there was similar talk about how things would never recover yet they did. I'm sure there was plenty of talk about how real estate would never be the same again. + +What are your thoughts? Exclude tech from the conversation and we're looking at -20% across a lot of sectors. + +Could this be a big opportunity? +So I got my statement through the post for the last 12 months. + +I haven't made any additional contribution just whatever is automatically deducted from my payslip. + +I paid about £1100 but the interest was £1300 so I owe £200 more than I did last year. + +Doesn't seem like there's much point in paying any attention to it if what I'm currently earning means it'll just go up every year because of interest +I'm 18 and work at subway right now for $9/hr. I've been there 3 weeks and the work is fun, my coworkers and managers are great and my hours are flexible. + +Today I got an offer to work at burger king for $11/hr. I could work the same hours and have the same days off, plus maybe Saturdays. But I'm not sure if the $2 is worth working somewhere I may not like my coworkers or managers as much. Or if the flexible schedule would change once I started. + +I'm leaving for college this fall and am trying to save money to buy a new laptop, among other things. At both places I could probably come back and work during the summer. + +Does anyone know how Burger kings (or other fast food places) treat their employees? I would like the extra money, but I don't want to hate my job. +I don’t have a “career” mentality. I work as a manager in a small firm and I do the bare minimum amount of work, I show up late, I have no desire to “advance”, I don’t do any of the things the other colleagues do to kiss ass. + +I have developed a new mental trick where I don’t take my coat off at work all day, it helps me mentally frame my job as something I have to do real quick before my real day starts, it just feels like I’m running an errand or something. I don’t view it as the focal point of my day, it’s just an annoyance I have to put up with for now. + +I don’t understand the “career” mentality. I see people getting their masters in an attempt to work their way up, I see them trying to pad their resumes to fit the next level on the wager totem pole, I just can’t fathom why this is so important to them. They spend their hard earned money on expensive nice clothes and haircuts and other flashy things to signal their wagie status. Don’t they want out? What’s the point of all of this nonsense? + +Crypto is literally taking me out of this wage slaving hell and I just wish all of you guys get out of this hell one day too! + +**Rant over** +Why???? **Because they can't have a million billionaires.** + +&#x200B; + +Warren Buffet quotes and my responses: + +&#x200B; + +* **“Our favorite holding period is forever.”** + * *Buy, DRS, Hold.* + +&#x200B; + +* **"If you aren’t willing to own a stock for 10 years, don’t even think about owning it for 10 minutes."** + * *I just like the stock. It's been a fun year so far. I mostly hung out with a bunch of like-minded folks who like the same stock I do. I wonder how much Kenneth Griffin, Citadel CEO, who lied under oath, will age in the next 9 years? Truthfully, it's been pretty easy on me considering I haven't had any margin calls, I haven't had to shut down any hedge fund departments in my house, and I am not among the most hated group of individuals on earth (although MSM says otherwise). I wonder if Warren Buffet believes you should never go short on a stock you aren't willing to go short on for the next 10 years?* + +&#x200B; + +* **“The most important quality for an investor is temperament, not intellect.”** + * *Dumb money.* + +&#x200B; + +* **"I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful."** + * *They already know we buy, DRS, and hold. The proof is in* ***D****r.* ***R****uth's* ***S****ex for dummies and the GME earnings reports. No matter the price action, everything that scares normal investors,* ***hasn't worked on us.*** *So what happens when they can't make a certain group of investors fearful? It breaks them. They've never seen this before, EVER. Retail is the whale. This is why we have a huge MSM backlash. The whale can't keep gobbling up more shares, can't get bigger, can't keep growing. Day in and day out you can see MSM telling the world how dumb you are, how wrong you are, how you are going to lose your life savings. One day they say most of retail is selling (as DRS goes up) and the rest of us should too! The next day we watch cocaine rants from ex hedge fund TV personalities about how we are so dumb that we didn't sell when all the signs said sell. So which one is it? Are we selling or are we too dumb to sell? It seems like MSM is* ***fearful*** *of you....so be greedy.* + +&#x200B; + +* **"Today people who hold cash equivalents feel comfortable. They shouldn’t. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value."** + * *GME is my savings account. Not investment advice, but* ***my*** *dollar is currently losing a % of it's value each month. I have been living check to check my whole adult life (saving maybe a few $100 a month, depending on if I bought my kids name brand cereal or the generic) and was conditioned and taught to hold onto my depreciating money for dear life, under a mattress or in a bank account. Meanwhile, banks and Wall Street have used our savings to make trillions. With that said, I'm used to holding onto shit that loses value, it's all I've ever done. Now you want me to be scared?* + +&#x200B; + +* **“When trillions of dollars are managed by Wall Streeters charging high fees, it will usually be the managers who reap outsized profits, not the clients.”** + * ... see above. This is where they want us to keep our money. + +&#x200B; + +* "T**he stock market is a device for transferring money from the impatient to the patient."** + * *BUY, DRS, HOLD.* +Soon after I started pursuing FI/ER five years ago, I started to develop what I call a 'DIY or die' philosophy on how I make decisions. What that means to me is that instead of buying things that I might need, I look for ways to make these items myself. At first this was just to save money to invest toward my FI/ER strategy. I started cooking all my own food, growing a lot of my own vegetables (outdoors and indoors), building computers, bikes, extensions to the house. Over time I realized that making my own stuff has given me a true sense of pride. I started to wonder if this DIY, feel good cycle is something most people in Western culture are missing in their lives. I think now that consumerism/capitalism has encroached too far into our personal lives. Any of you have thoughts on this? I would love to hear them. +[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/x3byy4/drscomputershare_megathread_092022/) + +>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! + +🏴‍☠️ [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/) +My dad's company can shut down any day. He has worked there for 10 years as a software engineer. He won't tell me why his company might fall apart, and I'm not planning to ask because he's too stressed to care if I know or not. + +Some other information to consider: + +* My mom doesn't make a lot of money. I don't know her income nor my dad's because they find it disrespectful to share, but I do know that we always rely on my dad for financial stuff. Every time we go shopping my mom always has to use my dad's bank account and my dad always takes care of saving up and things like that. +* I have a 13 year old younger brother, and I'm scared there won't be enough money for him when he goes to college. I'm graduating high school in 2 years so I don't have anything to worry about but my brother has 5 more years ahead of him, and that's a lot of years to not save for college. +* We live in San Jose, and you guys should know how expensive it is to live here. For those of you who don't, the median for home costs is $1,083,000, and that's just home costs. +* I am going to college soon, and I live in the U.S. so college costs a bit here. My plan if this happens is to go to a community college in California and then apply to public universities in California that don't cost that much, since public universities in California put people who attended community college here first priority. That way, I can get a good education while saving loads of money. +* I don't have job experience. I don't work, however I do know some friends who do work. +* I look and sound like I'm 10. I'm scared this factor alone scares me because I don't know if this will affect my interviews and my chances of being hired +* My friend and I did start a document explaining what we should sell if we would ever open up a business. I live in walking distance to Eastridge mall so if I invest a bit I can try to see if I can open up somewhere. We're planning to use it as last resort if I don't find a job. +* I'm taking two AP classes and two other hard classes I signed up for next year. I don't know how well I'll be to balance that out if I do get a job. +* I was planning to do the essay portion of the SAT but now I'm not sure. It's $25 +* I draw and have a digital tablet. I can do art commissions if I really really need to. +* I lost my phone about a week ago. My dad tells me he'll buy another one since we signed up for free unlimited data from Sprint, but I don't know if we should. The school year is ending in a week and a half and that's barely any time to go searching for my phone. + +I need suggestions on what I can do to help. I need to know what to prioritize: my future, the bills, and my brother's future. Should I sell things? Should I go looking for a job? I was never exposed to finance, let alone the fact I'm in high school, stressed about finals and my GPA. Should I have a bank account? How much should I save? We don't touch economics until senior year, so I'm basically clueless on what to do. I know I can help, 16 is a good age to learn how to deal with the real world. I just don't know how. I need help; I never seen my dad this stressed out before. Thank you if you can provide me at least some support. + +&#x200B; + +Edit: I didn't think this much people would reply! Thank you so much for the support and advice. I got some information from my cousin since my uncle works at the same union as my dad and basically what's happening is the old boss retired, and the new boss is strict and doesn't do his job right. He once suspended someone who has worked longer than my dad because she explained the right way to do her job. Many people have quit and my dad's in a tight spot cause my uncle got in trouble for something, and there's a lot of projects they work together on. The both of them are planning to quit and find a new job elsewhere, but there's also a chance they could get fired. + +Again thank you guys for everything! I didn't think this much people would care about something like this!! +I’m sure you’ve noticed the changes in Reddit’s “home” feed algo like I have w/ SuperStonk getting absolutely buried. + +Post from this sub used to dominate my home feed, even when I was subscribed to dozens and dozens of other subs. But lately I’ve noticed the changes to the home feed which has resulted in SuperStonk posts being buried. + +So…I left EVERY OTHER SUB & this sub is the only one I’m in - I did this as a test to see if it would bubble up posts from this sub back to the top of my feed. As you’ve probably guessed…it did not. This being my only sub…out of the first 10 posts on my home feed…posts from this sub made up 20% & of that 20%…none of them were in the first 5 results. + +The DD is in & verified over and over. This isn’t me FUD’ing myself or anyone else - the plan remains - buy hold drs. But knowing that IPO is around the corner & seeing these weird changes has me cringing. + +It’s like seeing a friend dating a scum bag & watching them change for the worse in real time, but being helpless to save them. + +Wall Street will turn Reddit into just another propaganda vehicle, if they haven’t already. +# My bull case on Bingus.  + +Let's start with my background so you're not just getting yelled at by some random Redditor.  + +When I was 13, I had the chance to buy 2 Bitcoin at around 200-300 (I don't remember, a long time ago) with money I inherited, and hold until I was 18. That's all I wanted to spend it on, and my mom said no. It crushed me, especially as I spent all that money on Taco Bell instead. Definitely Not Worth it. Baja Blast is good tho.. + +# Well, let's just say that set me on a path to never do that again (I totally have though🤣).  + +I got a Robinhood account (TDA now) when I turned 18, and messed around pretty lightly for a while. I eventually picked it up more and more, and now I'm staying up all night to trade crypto 🤣.  + +I have 2 main investing strategies. Long-term term hidden value and Hype/Mania Day trading, capitalizing on the insane volatility low cap cryptos have. So far I have been doing well for myself. I would consider this a little of both, but mainly the former to me. + +I am not a shill. I am honestly highly annoyed by shills. I'm heavily invested in GME, and let's just say we don't take too kindly to shills in those parts.  + +I'm saying all this, because I want you to know I'm not a mindless shill, or a bot just spamming messages. But I am also no expert. I have light/moderate experience with various markets, but I pride myself on being at least okay. + +#   + +# Anyways. Enough about me, it doesn't matter. On to the bull case. + +I'm going to keep it light, because I want you to look into it also. I'm just showing where it hits my checklists.  + +**What makes crypto move? Especially low cap crypto?**  + +Current Sentiment.  + +Marketing/catalysts.  + +Use case.  + +Strong team. + +Future Sentiment (what I think other people will think).  + +Bingus is kinda nailing all of these.  + +# Sentiment: Bingus1.0 had an error, community restarted it.  + +Most tokens/coins are Completely dead after something like that. People tend to move on, but there was enough community around to warrant a relaunch.  + +The community has also grown substantially since then. + +Again, I have seen dozens/hundreds of tokens die after something like this. People are very quick to either assume scam, or move on and forget about it.  + +# Marketing/Catalysts: Strong marketing team with big connections. Real Influencers on board. Upcoming listings. Stuff that can really bring eyes on the pink cat. + +# Use case: Actually donates to benefit animals. + + I don't generally pay attention to things like this when investing/trading (I can only see in green when I'm thinking finances), but it is very nice.  + +I love animals, and they really do need help. I prefer to not think about it, because it's a tough reality. But that's not what's best, or right. And the things that make us sad should be things we contribute to fix. + +# Strong Team: All this so far didn't happen on its own. People are working very hard to build this project. I'm quite impressed at the dedication I see in the team.  + +So many crypto "projects" are just websites thrown together, bots/shills in telegrams/reddit faking an active community, team not heard from or not confidence inspiring.  + +This is a big one. Because nothing happens without work getting done.  + +# Future Sentiment: When I'm buying something, whether it be stocks, or crypto, I don't think as much about what I think about it, but what others will think/feel. Because any of us are just one person. So unless you're a mega Chad whale, probably won't be moving the price much. It matters what other people think, and Bingus is an existing meme, and it's easy to like a pink cat. + +So again, I'm not an expert, or a financial advisor. These are just my thoughts and opinions on Bingus! Please do your own due diligence, if you do decide to buy any. Crypto is volitile, anything can happen. So make all your financial decisions wisely. I don't know if financial advisors are even a real thing, but if they are and you can afford it, probably not a bad idea to have someone keep your ape fingers in check. + +&#x200B; + +I'm going to leave some links at the bottom, but I am *intentionally* leaving out the pancake swap link. I don't want anyone buying in solely off my post. That's not my intention here.  + +Website : [https://bingus.finance/](https://bingus.finance/) + +New subreddit r/BingusFinance (I created this sub btw!)  + +Telegram: [https://t.me/bingustoken2official](https://t.me/bingustoken2official) + +Telegram Announcements & News: [https://t.me/BingusAnn](https://t.me/BingusAnn) + +Discord: [https://discord.com/invite/qKdZdd558F](https://discord.com/invite/qKdZdd558F) + +Twitter: [https://twitter.com/BingusToken](https://twitter.com/BingusToken) + +Chart: [https://charts.bogged.finance/?token=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8](https://charts.bogged.finance/?token=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +BSC Scan: [https://bscscan.com/token/0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8](https://bscscan.com/token/0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +Locked liq (RUGPROOF): [https://dxsale.app/app/pages/dxlockview?id=0\&amp;amp;add=0xD4b8658E84cbd04eDa9010D46186F497b264A942\&amp;amp;type=lplock\&amp;amp;chain=BSC](https://dxsale.app/app/pages/dxlockview?id=0&amp;amp;add=0xD4b8658E84cbd04eDa9010D46186F497b264A942&amp;amp;type=lplock&amp;amp;chain=BSC) +&#x200B; + +https://preview.redd.it/pl7cxdujt4s71.png?width=840&format=png&auto=webp&s=9109ab81420ff27da2c1c51330ba8d7efc3f7856 + +# Preface + +I'm not a Mathematician by trade (who is, seriously?), but I did take a course in Set Theory and know a thing or two about databases (my trade). This post is meant to educate on foundations of databases, provide likely support for account# case, and not hope. **"Hope" is simply not needed, just logic.** + +There's some confusion currently surrounding "Ascending" Account Numbers as seen here: + +&#x200B; + +https://preview.redd.it/2dpvh1znt3s71.png?width=563&format=png&auto=webp&s=ef8996af386d8563149a145d65e3758dffa03f35 + +# Define ascending: 123456 or 153769,11? + +How is ascending being defined here by their media spokesperson? I 100% agree it's not linear manner, **this both a security risk and risk of database IO collisions.** + +1. If you have access to landline and linear-time you can bleed location information about account # and personal information. +2. **DATABASE IO** , When you are creating new rows in a database in a RAID/Cloud the database software will lock local regions of memory from editing/writing. This leads to collisions when you're creating/editing 1000s of new accounts, sometimes at the same time. + +Both problems are solved if you assign **non-sequential** account numbers. + +&#x200B; + +# Shills: BuT DoEsNt MeAn AcCoUnT nUmBeRs MeAnNoThInG? + +Nope, check out the overall TREND of account numbers. There are many ways to think of this engineering problem - Load balancing, IO collisions, staggering, locked partitioning, unique key generation, etc. + +https://preview.redd.it/ze7kpa1pt3s71.png?width=605&format=png&auto=webp&s=fd78ebec28183ddbfcaabbcbcb2ea851a29d2ff2 + +# Engineering Justification Account#s are BALL PARK estimates + +It's well known to old database engineers, databases are designed around set theory as a means to organize and normalize data for relational purposes. + +&#x200B; + +https://preview.redd.it/slwqb45rt3s71.png?width=571&format=png&auto=webp&s=91397376c6a3d9f029468d269a2631522e56f97f + +**The Logic (assumes basic database knowledge):** + +1. Databases record Account numbers in rows, through use of foreign keys to link account details to Account#s. +2. Databases are closed sets (database normalization, literal definition of foreign/primary keys). +3. Rows in Databases are Tuples in Set Theory of closed sets. +4. Thus Account#s must follow the same rules as Mathematical Tuples in set Theory. Wait there's more! +5. Closed Set Tuples are countable!!! [https://math.stackexchange.com/questions/205125/is-the-set-of-ordered-tuples-of-integers-countable](https://math.stackexchange.com/questions/205125/is-the-set-of-ordered-tuples-of-integers-countable) +6. **Thus Database Account#s must also be countable !!!** + +&#x200B; + +# Why is countable Account#s important? + +Countably in Math is special. In essence this means it provides a roadmap from acct#A >> to generate the next acct#B in an orderly fashion. + +This youtube video explains really well, but if you still don't get it don't worry, I'll provide other explanation below to help drive the point home. [https://www.youtube.com/watch?v=Uj3\_KqkI9Zo](https://www.youtube.com/watch?v=Uj3_KqkI9Zo) + +For Account#s, the simplest countably for you to understand is a repeating process of +1 to the previous acct#. 123456 or other examples. **But as discussed this fails both security and IO collisions,** and I agree linear ascending account numbers is ill advised to do in real life. + +Instead Database designers have opted for backfilling numbers or even better yet, injecting some randomness in Account# creation to work around real world requirements. + +214365798 (Add 2, fill odds) + +143276598 (Add 3, then back fill) + +**135246879 (random fill for security) << Best engineering/math solution** + +13579,22 (holes possible, but total waste of memory) + +This is commonly referred to generation of unique keys. But notice in all cases, numbers go UP to account for new account#s and will ball park estimate the total number of accounts! Do not let MUD/FUD set in. + +# EDIT: The Larger issue with DRS. + +It’s come to my attention and agreed if the problem was simply managing *single* account records, this load balancing is overkill. + +**However this is DRS,** each share gets it’s own unique ID as well. This greatly increases transaction times and you can’t just change a single integer of shares owned. You **must** change each individual share record and corresponding owner!! + +Layman terms this is the difference between saying “Change the ownership from 100 to 200,” to “Find 100 additional shares then change the ownership of each one.” + +This is why multiple simultaneous databases connections are required the increased transaction latency and bottleneck is ripe for collisions. Actually this is block chain’esk and why replacing DTCC is such a large task. + +&#x200B; + +# TLDR, Conclusion; + +1. Backend load balancers are staggering account numbers, with an overall consistent uptrend. As strongly evidence by this exact observation overtime of account number assignment, backed by decades of database design and mathematical set theory. +2. Account numbers are Valid indicators of the number of registered accounts. +3. Just not strictly, 1, (+1), 2, (+1), 3, (+1), 4 +4. Problem arises when DRS requires each share to be registered with uniqueness. + +======================================================= + +edit: fixed pictures, some spelling +Thinking about quitting. I don’t spend much. No kids. Single. Have a ($1400/month) mortgage and 50k in savings. + +I’ve been in the job for 5+ years. I’m spread thinly, find it hard to focus and feel like my motivation is not there right now. Also dealing with some health stuff too. With all of the above, I feel like I’m not doing a good job. + +Will I regret burning through my savings to take a break for 12 months? Has anyone here done that before? +What would be a successful MM strategy to look at in this highly volatile environment. + +Traditional MM without an alpha which tries to make money on rebate and crossing spread doesn’t seem to work. + +Does trend based MM or mean reversion based MM work? Or like what more input can one use in such a strategy? + + if someone has any resource or reading on it , I would truly appreciate it. + +(I am only interested in non crypto markets, preferably futures space) + +Thanks 🙏 +I was hoping someone could point me in the right direction for some resources on how to connect to my IB account through a dedicated server? + +Current situation: + +I'm currently running a systematic strategy daily on my laptop using python and the TWS API. This requires me to manually log in to TWS every morning before running the python script, leaving my laptop open and connected to TWS the entire time I'd like my algorithm to be active. + +Goal: + +I'd like to set up a server (maybe through AWS, not picky) so that I can go through the entire process above in a completely automated way and that will allow me to run my algorithm even when I am not able to have my laptop open. + +Are there any standard ways to set this up? I've searched extensively on this subreddit, the algotrading sub, and general googling and can't seem to find anything helpful for what I'm looking to do. + +&#x200B; + +Link to original post: [https://www.reddit.com/r/interactivebrokers/comments/rim85a/help\_connecting\_ib\_to\_a\_server\_havent\_been\_able/](https://www.reddit.com/r/interactivebrokers/comments/rim85a/help_connecting_ib_to_a_server_havent_been_able/) +I understand that the data can arrive delayed, or with missing parts. But how can it contain bad formatting, duplicated lines, differences accross timeframes, etc... ? +the whole idea is not to sell. + +Sell fractionals? Why? To give shorts more liquidity? Enough. + +Keep buying from cs and moving to book..leave the fractions in the shitty plan folder. 200k apes selling half a share each is 100k shares to sell short..don't be a clown. + +Ctb jumping. Puts expiring. Pressure building. What else are they gonna try? We've come too far for bullshit. + +Buy via CS. Move to book. Leave .xx in plan. Terminate sale. Rinse. Repeat. fuck fud. + + +Edit: when you buy on CS you are fucking Kenny over. He wants you to buy from a brokerage so he can get order flow data, etc. Buying on CS and then moving those shares to book is the way. Anyone who doesn't understand fractional shares hasn't bought on CS and therefore is likely a SHF shill trying to cause fud. Additionally I think we should have someone open a poll or use bot data to count the total number of shares we own across all CS fractionals. Clearly the CTB is jumping up as soon as we start sending everything to book. so this data may be relevant. If we own 100k shares across fractionals, that's several times the shorts that are available as of today. That is significant. Can someone set up a poll? + Recently I saw my future income rising and decided to lock in a lease agreement to rent a nicer apartment. I was doing well in my job and a friend's small business I had been helping for many months was beginning to turn over enough revenue to create a side stream of income. + +However what ended up happening was sales began to slump at the end of last year and the amount I had earned from my main job began to decrease. The business I had been supporting was also put into a position where it could no longer pay me for the work I was doing to help keep it running. + +All of a sudden the amount of money I was spending became more than the amount I was earning and I realized very quickly that I had made a mistake to increase the amount I was paying in rent. + +I began to feel very depressed and calculated that if I went on spending what I was currently spending with my new income I would be burning over $1000 dollars a month. + +I was in a lease for 10 more months and it would cost me over $3000 to break lease early and many more associated costs if I was going to move out of my apartment. Uh OH! There was only one option. I had to REALLY tighten the belt if I was going to survive this storm I had entered into. + +Using the spreadsheet I had used to figure out how much I was going to lose each month I went in deeper to understand not what I was spending all up but what I was spending individually. The big things were eating out, alcohol at bars and Ubers, and I also realized that I was spending about $40 a month on subscriptions too. I began to cut all of these things out, by cooking more at home and not eating out anymore. Not drinking at bars anymore and cancelling all my subscriptions and reading books from online instead. I also began to catch public transport or walk instead of taking Ubers. + +In my first month I spent $500 less, The exercise has made me go through all my expenses and now I understand how much I spend on everything each month. When COVID hit it was like I was already adjusted! Since COVID I am now spending Over $750 a month LESS! When I think of spending for convenience I think about earning that money through not choosing that option. It is very helpful. + +I also have become more confident and value money far more now. Now I know how much it costs for me to live each month. I know how long each dollar saved will support me if I lose my income entirely and see this as freedom! + +It has not been easy and I still feel depressed like today when I am worried about my future and not sleeping enough. But I wanted to write this post to remind myself of how much I’ve grown from the experience and that whatever happens it is just another opportunity for me to learn new skills and take more control and responsibility! + +I have been humbled and when I am back fully on my feet again I will not take my money for granted. I will not let myself spend more than 20% of the money that goes above my new monthly cost number. The other 80% will be saved and invested in something to secure my future and help me become less frightened and scared. + +If you are going through hard times I hope you find a way to see the light and grow stronger and more confident as a result in a way that can be maintained long term! + +Thank you for reading my story. +Hello, + +&#x200B; + +My (25) parents (M59 D65) live in their home of 35 years. Both of them are broke, and are not aging very well in terms of health. Both parents struggle with just walking, and the upkeep of their 3 story house is near impossible. They're bedroom/bathroom is on the 2nd floor, which makes the basics a struggle. I am trying to find ways to get them out of this house and downsize into a 1-floor house/apartment, but have a lot of issues I don't know how to figure out. + +Here's the basic rundown: + +\-They owe 100k on the house still, as they have refinanced it multiple times + +\-Father is on SS and makes around 1600 a month. + +\-Mother is unable to work, has no SS, and has not gotten on disability/welfare/foodstamps/etc. She has said she's "too proud" to use these programs but I've convinced her to at least mention disablity to her doctor to get the ball rolling on that. + +\-They have 0 savings. + +\-The house is in horrible disrepair, and I am concerned if we bring in someone to give us a price on the house, they'll condemn it. + +\-They are borderling hoarders and have so much crap in the house. While most of the rooms/common areas are littered with random shit, they have a room each to a specific hobby and I don't think they'd move if it involved them losing all their stuff, including their hobby rooms. + +Now in a perfect world I'd just have them sell the house and use the cash to live the rest of their lives in a 3 bedroom apartment (2 rooms for hobbies)/1-story home somewhere. + +Me and my brother share an apartment together, so we can't exactly house them. My savings aren't great myself, so buying a house is (more then likely) out of the question. + +If anyone has any advice/programs to get them on, the help would be appreciated. + +I'm in Pennsylvania, if that helps any. +&#x200B; + +[Hello, I am maple ape. I need to fill in the word count requirement so that automod doesn't kill the post. Here is 20 shares of GME taken out of the system. Just came home from work and decided to check the mail. What a pleasant way to end the week. Anyone know how to fill in the tax form for foreign investors? How do I get a TIN number? I usually have a guy who I will call Winston \(Picture the smart space gorilla from overwatch?\) who does my taxes. Does this fill the 250 character minimum yet? ](https://preview.redd.it/q39pdx27doi81.jpg?width=1331&format=pjpg&auto=webp&s=93515aa100e8250adbace7514628b6be528904d4) +Joined the future millionaires club! Sold a few stocks that were dead in the water and broke even at and bought my way to 1BTC from .33 BTC. I feel good about the purchase. HODL to the moon!! +Did inflation go up 100% overnight? It doesn’t feel like it was too long ago when you could get the high-quality Dove body wash for 4 bucks maybe? That was in Tennessee. I live in Arkansas now which is also a cheap state. I swear to God, that dove body wash is about eight dollars. I like the feel of good soap but I don’t like it that damn much. I have some serious life goals that I am saving for, and not having them happen is not an option. They need to happen. Because they have to do with the person I love. But it’s hard to stomach when I make $15 an hour and fucking soap and toothpaste amounts to what I make in one hour + + In order to save up for what we need to do, we basically need to go without essentials for the next year. + +We are literally about to rent out a room in our house to a stranger. Because if we don’t do that, we will never get ahead. I grew up in the 90s and early 2000s. I don’t feel like I started hearing about this kind of stuff until recently. I was a kid, I didn’t hear about people who were so poor that they had to open their home to strangers just to get by. This is a new helplessness. + +And that’s another thing, speaking of this new helplessness, one income households are basically unheard of now. It used to be where one person could support a family of three on a regular job. Now, even if I made $25 per hour, my wife would still have to work part time for us to get by. Luckily we wouldn’t have to share our house to strangers if I made $25 per hour. But she would definitely need to still work. + +And what’s worse, the struggle of the impoverished is a silent story in America. You look at the media narrative and the impoverished are not represented at all. And I think we are all aware of that when we look back at the 2020 Democratic primary‘s, and I’m sorry to get political because I honestly haven’t thought about politics in the last two years. But my mind just went there. When I feel this financially hopeless, I just think of Bernie Sanders. +For anyone looking for great tutorials on trading that are free check out Rayner Teo on YouTube. + +He provides very in depth tutorials ranging from beginner to advanced. + +I have read so much on my journey to learning to trade along with paying for courses, many of which have been fluff. + +What I can tell you is that Rayner teaches everything and more of what you will be taught in some of these $1000.00 courses you see everywhere and he does it for free. + +Don’t spend money on courses. There is so much free knowledge out there that you can learn from! + +Bless you all and I pray for success in your trading ventures ahead! + +https://www.youtube.com/user/tradingwithrayner +So I was going through some stocks that were given to me, and I'm trying to figure out the taxes I'd owe if I sold some of them. + +&#x200B; + +As shown [here](https://imgur.com/a/QhCSDSl), Wells Fargo says that 4 AMZN shares were bought, at $23.50 each, on 01/09/2008. + +&#x200B; + +However, according to [this](https://finance.yahoo.com/quote/AMZN/history?period1=1199779200&period2=1199779200&interval=1d&filter=history&frequency=1d), AMZN shares actually cost around $90 at the time. + +&#x200B; + +Using the $23.50 value, Wells Fargo says that I have an unreal gain/loss of $6690.80 (on $6784.80 of stock, lol), but using the actual value given by Yahoo Finance for AMZN stocks on 01/09/2008, my unreal gain/loss would be around $6450. Is this some sort of error caused by Wells Fargo or the person who gave me these stocks? And what should I expect tax-wise if I sell these? + +&#x200B; + +Thanks for the help + +&#x200B; + +Edit: Also, if it helps, this isn't a one-time thing. The cost basis is off for around half of the stocks. ALE has a share price at sale of $117.55 on 05/15/08, while the stock's price was actually around $38. +This is the last great bastion for financial news in the world. I trust the people here more than any news source or other sub. I see no benefit to staying open. We already have all the great minds of research and diamond handed space apes in here. People who are not already part of this community or either nonbelievers or shills just waiting to get in. Look what happened to our beloved /wallstreetbets. We all started there. I was part of the sub for years. Its where this great movement of ours started. Now look at it. Its completely infiltrated buy shills. If you don't think that cant happen here your crazy. I absolutely trust and adore our mods but things can be taken out of their hands. I think we need to wall off the current community we have and weather the incoming financial shit storm. We cant help everyone... + +Buy. + +Hodl. + +Vote. ( I voted today on with Vanguard) + +&#x200B; + +==UPDATE AND EDIT== + +There are people in here who agree with what i said and some that don't. That is fine. I love being told im wrong, i love being corrected. That's one of the great things about this sub, having disagreements and moving on. I have no ego and realize that my ideas can be bad or wrong. Many believe that moving to read only is a better way to go, i agree with that. I'm just trying to protect what we have here. + +What I don't agree with and wont stand for is the amount of people calling me a shill or this seems sus. You can get that shit out of here right now. I don't get insulted by much but calling me a shill is one way. I'm just a middle class loser who works to hard and doesn't get enough. I hate what this world has become. Its all about money, and having, and keeping, and buying, and expanding, its fucking awful. I just want everyone to be able to do what makes them happy the most amount of the time. Unfortunately, for many, its hard to be happy with the way things are. + +&#x200B; + +==EDIT 2== + +Just got finished watching the The House Financial Hearing like a good Ape should. + +Thanks for all the awards! I love you guys /hug. + +I like to respond to the popular comments up here instead of it being buried somewhere in the responses. + +The major ones seem to be: 1) We don't want to shut new people out and 2) how do low karma accounts/new accounts post? + +The first point i think we have a good idea, instead of locking the sub we make it Read-only for nonmembers. This is the most upvoted comment and seems to be what the majority thinks. I agree with this, but I also have a case for locking the sub before the MOASS starts. + +I believe we already have all the Diamond Handed Space Apes subbed. I feel like the longer we leave it open, we get diminishing returns so to speak. Think about it. Game Stop has been the most talked about stock and most traded stock, in the world, for the last few months. We have Europoors and Ants, people form every country and corner of the world interested in this. Its has spawned 3 House Committee meetings. There isn't a financial outlet in the world who hasn't mentioned it. YouTube hype videos, Billboards being bought across the US, Tweets, license plates, I could go on and on about the popularity surrounding Game Stop. From the 10 million people who ended up joining /WSB, to the 260 thousand or so people we have here, there are very few people who do not know of what is going on, and how to find us. If you aren't already subbed here, you either don't care, are a shill waiting to join, or going to jump on the band wagon when the MOASS starts. I don't want any of these people to have any kind of power or posting ability here. I want you guys, that are subbed now, who have been here through the ups and downs to have to power. When the MOASS starts, or GME hits 1 million a share, we will have 10 million new subs here. It will be a mess. We need to have the dam built before the flood. + +As to point two, how to let low karma/new subs post. I don't know. That's a tricky one. I do see the value in allowing all to speak. But also we want to keep the Shills at bay. The next DFV, Rensole, HomeDepotHank69, or WardenElite could still be out there waiting to post. So I don't know. I just think the discussion is the important part. + +&#x200B; +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +JP Morgan Chase + +JPMorgan announced earnings per share of $2.76 on revenue of $30.72B. Analysts polled by Investing.com anticipated EPS of $2.94 on revenue of $31.82B. + +The company has temporarily suspended its stock buybacks as it builds capital to meet higher requirements set as a result of its recent stress test. + +https://m.investing.com/news/stock-market-news/jpmorgan-earnings-revenue-miss-in-q2-2847191 + +Morgan Stanley + +Earnings of $1.39 per share vs $1.53 of estimate of analysts surveyed by Refinitiv + +Revenue of $13.13 billion vs $13.48 billion estimate + +https://www.cnbc.com/2022/07/14/morgan-stanley-ms-2q-2022-earnings-.html +[Dropbox Secures $600 Million Credit Line Ahead of Expected IPO]( +https://www.bloomberg.com/news/articles/2017-03-30/dropbox-secures-600-million-credit-line-ahead-of-expected-ipo) + +It was about time, after MULE this is a real company (not SNAP) to hit the market. Looking forward to see the numbers. +OK, let me start by saying that I think the general idea of a cryptographic currency is a brilliant one. I can definitely see Bitcoin establishing itself as a major world currency, and basically doing to fiat currencies what email did to the postal system. + +However, whenever I mention Bitcoin to anyone, I **strongly** encourage them not to invest more than they are prepared to lose. I myself only own 10 BTC. Why? Because Bitcoin has flaws, and it has potential enemies, and I think there's a very good chance that the currency could be basically destroyed overnight. + +*THE PROBLEMS:* + +1. **The code.** Bitcoin is not a magic black box. It's a complicated piece of open-source software, written by a community of volunteers and hobbyists with various degrees of ability. IT CONTAINS BUGS. What these bugs are and how serious their symptoms will be remains to be seen, but we have already had a few serious problems (such as [the 0.7/0.8 fork](http://it.slashdot.org/story/13/03/12/063246/bitcoin-blockchain-forked-by-backward-compatibility-issue)) and it's likely there will be more to come. + +2. **The value of exploits.** With the soaring value of Bitcoins, it is likely that it will increasingly become a target for attack. If someone can find and exploit a flaw, they can make a fortune. Due to the nature of Bitcoin, it would be almost impossible to discover the culprit or recover any losses. [This was already happening when there was almost nothing to gain from it!](https://bitcointalk.org/index.php?topic=822.0) + +3. **Government intervention.** Currency manipulation is one of the core economic controls of government. Mass adoption of Bitcoin would render this tool ineffective, or even unusable. It's certainly conceivable that the US or EU could implement a blanket ban on Bitcoin trades, which would utterly cripple the currency's expansion. As we're now hitting the point where large-scale funds are buying into Bitcoin, such a move would cause a rapid exodus of significant funds, by a few small high-worth individuals over a very short timescale. This, combined with the effect of legislation, would almost inevitably trigger a large-scale panic sell-off, and there would be no market remaining to allow for the currency's revival. + +4. **Corporate sabotage.** Moneygram, Western Union, Paypal. Just three examples of multi-billion dollar multinationals with business models which would be rendered obsolete should Bitcoin achieve widespread adoption. Bitcoin, despite its rapid expansion and long-term potential, is tiny compared to many large organisations which have a vested interest in seeing the currency fail. At its current size, the Bitcoin economy could be toppled for a handful of million dollars- enough to buy and sell large volumes specifically to cause huge price swings, to undermine confidence with smear campaigns, or to directly attack flaws in the software or the network that underpins it. + +5. **Fundamental flaws.** The design of Bitcoin is not perfect. We're already seeing the blockchain becoming bloated by the micro-transactions of SatoshiDice. What if the volume of these were to rise a thousandfold, through deliberate flooding or simply through the natural expansion of the currency? We're already worried about mining guilds which have control of too much computing power. 51% is quoted as the minimum level required in order to subvert the Bitcoin transaction system successfully. This is not strictly true- 51% is simply the point at which an attack becomes more likely to succeed than to fail. It's perfectly possible that an entity with a significant non-majority of mining power could succeed in poisoning the blockchain with dishonest blocks. This can be attempted over and over again by a motivated group or individual, and it only needs to succeed once to cause irreparable damage to Bitcoin's credibility. + +With the current public interest in the currency, the media spotlight focused on it, and the fledgling involvement of high-value investors likely to abandon Bitcoin forcefully if they foresee any potential losses, I believe that Bitcoin is extremely vulnerable at present. Any one of the problems listed could trigger a panic which would crash the currency overnight, and in a way that it wouldn't likely recover from. + +So, whilst I'm not concerned about the effects of speculative bubbles, and I do believe Bitcoin is destined for long-term success, I urge caution. Please, don't invest more than you can afford to lose. +I'm planning to start a club at my high school, next year about personal finance, so I can create more financial literacy, and add something to my resume. Me and a classmate are planning the basic curriculum that we are going to teach next year. What personal finance concepts should I include in my basic curriculum? Would the wiki for this sub be enough to start planning it, or are there any other essential concepts you recommend for me to include? + +Edit: I want to thank everyone for taking time our of their day to give me actual helpful suggestions that seem to be very well thought out. It's going to take me a while for me to sift through all the comments and see all the advice I got, but please know that this is extremely helpful stuff and I appreciate it a lot, and I will definitely be using most if not all of these useful suggestions when planning my curriculum. + +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. +S&P Global Ratings late Wednesday downgraded Ford Motor Co. F, +8.88% debt to junk, saying the auto maker's credit metrics and "competitive position" were already borderline for an investment-grade rating before the coronavirus outbreak, "and the expected downturn in light-vehicle demand made it unlikely that Ford would maintain the required metrics." Ford's debt was downgraded to BB+ from BBB-. The outlook was negative, which reflects the 50% chance that S&P could lower the rating on Ford "on account of longer-than-expected plant shutdowns or a potential economic recession leading to negative cash flow generation, eroding liquidity, and higher debt leverage," the ratings agency said. Shares of Ford fell 3.5% in the extended session Wednesday after ending the regular trading day up 9%. + +https://www.marketwatch.com/story/fords-debt-gets-downgraded-to-junk-by-sp-2020-03-25 +I have a smallish amount of money stored away in a BOA checking account which I like to use primarily when I travel due to ease of finding an ATM/bank. I recently found out that BOA sold that account to a small regional bank I've never heard of because they're closing the branches closest to my home. I didn't want that, so I called BOA and they assured me that the account would remain open with them and the issue was taken care of. + +Of course, today I got a call from somebody in corporate basically telling me none of that was true and "too bad, so sad, your account is being sold whether you like it or not." The woman on the phone told me that she absolutely COULD NOT keep the account open with BOA because the transition was "already in progress" (though the mail I've gotten says it's not effective until 9/21 and the new bank assured me they haven't received any of my banking info and won't until that date), and she insisted that there were zero options for me to keep my account with BOA and I'd have to close the account with the new bank that I never even wanted in the first place. When I asked to speak to a supervisor, the woman on the phone insisted she was the highest up person in her corporate office and there was no one she could transfer me to. She also wouldn't give me a last name/ID number/e-mail address when I asked for one for identification purposes. + +I know I'm way too small a customer for BOA to give a shit about me, but at this point I'm pretty sure I'm being lied to just so they can go through selling my account and make a $ before dumping me; I mean, it honestly seems crazy to me that literally NO ONE at BOA can keep my account from being transferred, and I can't believe this woman went out of her way to make sure I couldn't pin anything from our call down on her. I'm obviously going to close this account ASAP, but in the meantime I'd like to understand if this is common practice and whether they're trying to make me a sucker. Anybody have experience with this? +As the title says, I strongly believe that we are writing history right now. Think of it. Once the share price hit 44440 $/share, Ryan Cohen leaves behind John D. Rockefeller (420B), Jakob Fugger (400 B), and Andrew Carnigie (310B). Even if the price is not sustainability and only for a limited period, he still claims the crown for the richest person who has EVER lived on our planet. + +Let’s make it happen! HODL💎🙌 + + +For those you aren't aware, the Crypto Fear and Greed index uses 5-6 measurements to assess the current sentiment of the market and then rates that level of emotion on a scale of 1 to 100. 1 is extreme fear and 100 is extreme greed. + +Those measurements are objective of course - they look at volatility, social media, momentum, dominance, google trends and (now paused) surveys. + +Here is the link to the site, you can look at the chart, click "max" and you will see a movement of the index since the start of 2018. + +[https://alternative.me/crypto/fear-and-greed-index/](https://alternative.me/crypto/fear-and-greed-index/) + +In theory, the idea should be that in cases of extreme fear, the market is terrified and panic selling, and it is a good buying opportunity. When the market is in a state of extreme greed, people are getting extreme fomo and buying regardless of the elevated prices. Hopefully you get the picture. + +There is a lot of movement in the chart but it is the extreme fear and greed regions that interest me - specifically around the region of 80 plus or 20 below. + +Today the fear and greed index is at 12 - not a record low but very close and certain the lowest for a very long time. And yet the price is at $37,500 - still historically extremely high. + +Looking at the index to date, there are only five other times in the past where the index has plunged below 20. I thought it would be helpful to look at that regions, what was happening and the price at that point, and to think of those as historical buying points: + +**6 February 2018 - Index Score: 8. BTC Price $6,852.** + +This is probably the point at which there was a realization we truly were in a bear market, with bitcoin already down around 65% since its top. While buying at this point (the start of a 1 year bear market) is not exactly enticing, that price was more or less the average price for most of the year. Certainly not a bad entry point if you had resisted the temptation to buy in the entire bull market of 2017. + +**1 April 2018 - Index Score 16. BTC Price $6,975** + +Around March of 2018 was a bit of a "dead cat bounce" with the price recovering to nearly $12,000. Many people breathed a sigh of relief, portfolios turned green and it seemed like the bear market was over. Nope. Bitcoin immediately crashed right back down again to prices similar to February. Hence a moment of extreme fear. + +Again, this wasn't a particularly bad buying point historically, having just avoiding fomo of the surge in bitcoin up to that much higher price level. + +**25 November 2018 - Index Score 9. BTC Price $3,895** + +Now we're talking. This was the time of the infamous "hash wars" when BCH forked and the markets plunged into absolute chaos. Bitcoin crashed through its $6,000 support level and halved in price. + +This was an absolute buying opportunity - perhaps the opportunity of a lifetime, with an average price around this level for six months. Happy to say I bought right through but not enough. Each buy at the time seemed painful, and it was embarassing at times for people to even know you were in crypto. + +Also recall that at $3,100 very few people were calling this the bottom (shout out to Smart Contractor from twitter here who picked it). Many had buy ladders down to $1.3k, and it seemed a fall to at least the mid $2,000s was obvious. A little bit like those all calling for $25k right now. + +**22 August 2019 - Index Score 5. BTC $10,124** + +This one might feel like a bit of an anomaly, but in some ways it feels quite similar to today. Bitcoin had just ripped from $4k to around $14k and the bull run was on. After a short period, bitcoin fell sharply and the price started to collapse downwards. I think "5" is a bit extreme for fear but this was the realization that the bull market might be over. For the next six months, the bitcoin price let out steam down to $6.5k (aside from one day when President Xi managed to pump us back to $10,300 - oh for the days when China would actually pump our prices). + +So not a great buying spot, but better than FOMOing at $14k and historically still not bad. + +**13 March 2020 - Index Score 10. BTC $5,142** + +I don't think this one needs much explanation. The corona effect was sharp and deadly, with the bitcoin price absolutely collapsing quickly. Again, I don't think we have any debate that this was one hell of a buying opportunity. Even more if you had cash to deploy in the weekend. One person I know bought ETH at $85 or so at that point. And there are some people suggesting the charts today are quite similar to this. Hmmmm. + +**Today. Index Score 12. BTC $37,753** + +What can we say? I think the terror here is real. But at the same time a billion dollars of stable coins just flooded into binance and bifinex, and funding rates have switched negative. If we look to the panic in November 2018, this was the start of a six month period of hell - worst case scenario we might get something like that, but also recall that in November the worst was already nearly over. + +To be continued! +New book to be published Nov 5th by Gregory Zuckerman. + +There's a good excerpt in WSJ: https://www.wsj.com/articles/the-making-of-the-worlds-greatest-investor-11572667202 + +Here's the beginning: + +The Making of the World’s Greatest Investor +Jim Simons was a middle-aged mathematician in a strip mall who knew little about finance. He had to overcome his own doubts to turn Wall Street on its head. + +by Gregory Zuckerman + +Jim Simons sat in a storefront office in a dreary Long Island strip mall. He was next to a women’s clothing boutique, two doors from a pizza joint and across from a tiny, one-story train station. His office had beige wallpaper, a single computer terminal, and spotty phone service. + +It was early summer 1978, weeks after Mr. Simons ditched a distinguished mathematics career to try his hand trading currencies. Forty years old, with a slight paunch and long, graying hair, the former professor hungered for serious wealth. But this wry, chain-smoking teacher had never taken a finance class, didn’t know much about trading, and had no clue how to estimate earnings or predict the economy. + +For a while, Mr. Simons traded like most everyone else, relying on intuition and old-fashioned research. But the ups and downs left him sick to his stomach. Mr. Simons recruited renowned mathematicians and his results improved, but the partnerships eventually crumbled amid sudden losses and unexpected acrimony. Returns at his hedge fund were so awful he had to halt its trading and employees worried he’d close the business. + +Today, Mr. Simons is considered the most successful money maker in the history of modern finance. Since 1988, his flagship Medallion fund has generated average annual returns of 66% before charging hefty investor fees—39% after fees—racking up trading gains of more than $100 billion. No one in the investment world comes close. Warren Buffett, George Soros, Peter Lynch, Steve Cohen, and Ray Dalio all fall short. +From Bloomberg this morning: + +**U.S. Weighs Selling 50- and 100-Year Bonds After Yields Plummet** +[https://bloom.bg/33EfAaB](https://bloom.bg/33EfAaB) + +Should make for an interesting bond ladder in 2021. +**I've said it once before 5 months ago, and I'll say it once again...** + +**These stupid fucks indirectly created the most DIAMOND HANDED generation of retail investors EVER.** **The future of the stock market is in for a rude awakening.** + +**LFG $GME 69 MILLION IS THE FLOOR 💎🙌** 🚀🚀🚀🚀🚀🚀🚀🚀 +Hello all, + +There are so many posts about people achieving fatFIRE through tech, law, or finance. While I know people aren’t supposed to pursue medicine in order to get rich, I am wondering if any doctors are on here that have fatFIREd through other business ventures, investing, owning a private practice, etc... + +My background: I am about to graduate with an engineering degree, but plan on attending med school. All my friends are pursuing tech and finance and are making bank on their internships. While I am strongly interested in medicine, I still want to become fatFIRE one day, and am wondering if that’s possible. +Hey guys, I'd love to get some advice into a possible mortgage I'm looking to get, and if this is a smart decision at all if I'd like to pursue fatFIRE. I'm 24, in a HCOL area working in tech (south lake union/downtown Seattle). My intention is to start off with this condo as a primary residence, and after saving more from there, to purchase another place in a LowerCOL area to rent. + +* No current debt +* 110k/yr excluding bonuses, 40k/yr in company stock (current price) +* Expecting a bump to 140k + 50k/yr within the next 6\~ months +* 80k\~ savings across cash and stocks +* regular 7% contributions in 401k, enough for employer matching + +The place I'm looking at right now is 635k, having been approved with a 10% down. Mortgage+HOA+Gas/Sewer/Garbage payments total \~$4200/mo. I plan to rent out my parking spot for$ 150-200/mo. I've being eyeing other units in this building and I do believe that it is fair or priced slightly below market value. + +I'm currently renting for \~$2000/mo. + +I understand that this is stretching, so I'm trying to understand the pros/cons of buying vs. renting. + +Using Nerdwallet's rent vs buy calculator and putting in all the parameters to get a general sense, I get a "break even" at 4 years ([https://i.imgur.com/ZdToIBb.png](https://i.imgur.com/ZdToIBb.png)). I believe this shows the effective amount I would be paying to live each month, over 30 years, taking in to account things like tax, insurance, approx 6% home value appreciation (assuming a slow down of this hot market of 10-15% YoY recently), 2% rent appreciation, 2% inflation, and 8% annual return on cash opportunity cost. + +As far as I know, the calculator takes into account opportunity costs of having cash, mortgage interest deductions, etc. + +Is there anything else I'm missing? What kind of mortgage rate should I be expecting? Currently I'm getting quotes in the mid-high 4's. + +I'd love to hear your thoughts! +So it turns out lotus.sh has me listed as a Solidity developer. The thing is - I have ZERO affiliation with them. + + I'm a Solidity developer for my own project and have been doing some consulting on the side - but I've never been approached by any of them. I've never even heard of them until today when I googled my name. + +I reckon all the other names are fake too. Beware! + +EDIT: Here is an archived link http://archive.is/lguTD . They've banned me from their Telegram group so I think they might start going into damage control mode. +Hello everyone. I'm very glad to have found this community! I have been working on creating a dividend portfolio with the end goal to generate replacement income for FIRE as opposed to just putting everything into VYM or a similar high yield dividend ETF. I started by going through the Dividend Kings, Dividend Aristocrats, Dividend Achievers, and added some other dividend paying companies that I thought were interesting. Currently I have approximately 115 equal weighted holdings and am wondering if I overcomplicated things. My goal is for the overall portfolio to at least match the dividend yield from VYM and other high dividend yield ETFs (\~3%) and to be able to turn on DRIP and only need to do minimal rebalancing until I reach the threshold for income replacement at which point I would live off of the dividends. If anyone has any input I would really appreciate it. Thank you! + +Current Holdings: + +1. Communication Services: DIS, LUMN, NTDOY, OMC, T, TDS, VZ +2. Consumer Discretionary: GPC, HAS, LEG, MCD, NKE, QSR, TGT, VFC +3. Consumer Staples: ACI, ADM, BF.B, CHD, CL, CLX, COST, CPB, GIS, HRL, K, KHC, KMB, KO, KR, LANC, MKC, NSRGY, PEP, PG, SJM, SYY, WMT +4. Energy: COP, CVX, PSX, XOM +5. Financials: BEN, CB, CBSH, FITB, FNF, JPM, LAZ, PBCT, SYF, TROW, UNM +6. Health Care: ABBV, AMGN, BMY, CAH, CVS, JNJ, MDT, MRK, PFE, WBA +7. Industrials: ABM, AOS, CARR, CAT, CSX, CTAS, DOV, EMR, GWW, HON, ITW, MMM, NDSN, OTIS, PH, PNR, RSG, SWK, UNP, WM +8. Materials: AMCR, APD, DOW, FUL, GEF, LIN, NEM, NUE, PPG, SCL +9. Utilities: ATO, AWR, BEPC, BKH, ED, NI, NRG, NWN, SJW, SRE, XEL +10. Technology: AAPL, ADP, AVGO, CSCO, ORCL, QCOM, STX, TXN, V +11. Real Estate: DLR, O + +My Watchlist for tickers I'd like to add: AFL, BG, C, CMI, CINF, DTE, HD, HRB, IRM, MPC, PFG, PKG, PSA, PRU, SBUX, STAG, TFC, TM, WU. +So I’m in early twenties and I’ve started a ROTH IRA, solely for dividends. + +I’m only Incesting in ETFS, and these are: DGRO, SCHD, VYM, and VIG. + +How do you think this fares in the long run? +Not talking about the coronavirus, what is dividend investing like in a bear market? Do you more actively change your positions based on the market, cuts or increases? Or do you maintain to hold and dollar cost average and not even check the market? +I recently moved a few of my quarterly paying ETFs onto monthly paying (O, MAIN, SPHD and KBWY) I made it so the dividends pay $100 a month, and the rest of my account average about $150 a month just paid every quarter. + +I like the psychological boost getting these monthly payers and the quarterly seems to be a big jump every 3 months. + +Does anyone else follow this strategy or see any benefits I didn't mention? +10 year low for $T yesterday... + + +This stock has a high yield but we all know what happens when people chase high yields. AT&T’s financials are not the greatest and there is a ton of risk with this stock. + +Rumour is $T is looking to offload some assets to pay off their debt which is never a good sign eg) CNN +Hey Bitcoin community, we have folks here from our web development and executive team ready to answer your questions! Let's hear them! We'll begin answering questions at 11AM ET. + +Proof? Not sure we need it but! [Twitter](https://twitter.com/TigerDirect/status/478906606193606656) + + +EDIT: Thank you all for the questions! We're overwhelmed with the amount of positive feedback we've received from the Bitcoin community!! +Does anyone feel a sense of unfairness when they see "cash in hand" business people in everyday life dodging taxes? I feel like I am working my ass off to see my income get taxed heavily while others are getting away with it. +Considering taking another job with a hefty paycut to improve my quality of life. + +Currently working nightshift, 12pm - 11am with an hour unpaid lunch - across four days - at Amazon, paying £400 take home a week. This is £13.06 an hour. Overtime is available but rare and is paid at time and a half. + +Ignoring the fact Amazon are the dodgiest of employers, health and safety isn’t their concern, working nights sucks (I’m 3 years in) I’m always tired, barely getting 5 hours sleep a day while on shift and sleeping all day when I’m off. I’m pretty sure my back has aged at least a decade. + +The new job is £10 an hour, 5 days a week, 6am - 2pm. £349 a week take home. Overtime not available. + +I’m considering taking the pay cut at thisi stage. + +It’s worth noting a few things; + +- I work with an agency for adhoc hospitality on a 0 hour basis, I can pick up a shift same day if I ever need the extra cash. - Paid the week after + +- my outgoings are £1100ish pcm, currently leaving £500 pcm, currently this is going to debt payments, this would drop down to £350~ by my calculations. + +- I have unsecured debt of £567, down from £7K at the start of the year. Would likely be clear by the time my notice was up and I moved to a new position. + +What would you do? Change for Quality of life or keep the pay check? +Think about it.. Maybe they want us to invest in all these other stocks as well so that we can’t put our “full strength, power and potential” into the 2 stocks that we focused on in the beginning. I just realized I’ve been investing all this money into these other stocks when I could’ve just stuck with GME and AMC and made a bigger difference (in my opinion) rather than spreading myself too thin between like seven or eight different stocks. This is just a question I was thinking of and don’t know what the answer is please don’t think I mean any harm to the movement. #keepholding #hodl #tothemoon + +Edit: APES** 🦍🚀🌖💎🙌🏼 +What are your thoughts on teaching as a career? + +I know that a lot of people think it sucks and that the hours are long, but I know some friends who have worked in the public education system as teachers who have managed to do quite well for themselves. One person I know is a Deputy Principal earning about $135K a year, in a role which is extremely stable. All of the teachers I know quite enjoy the teaching and marking. + +I know one guy who worked in sales who was on $57K a year (with 40K commissions on top of that) and he said it was a constant nightmare, with constant threats of termination or reduced hours hanging over his shoulder every waking minute. He did face-to-face and telephone sales and was constantly monitored and pushed to perform. + +I also know people who work administrative jobs or work in finance or accounting who are busting their backs doing insane amounts of complex work. Very heavy pressure from higher ups to perform. + +And yet all of my friends in education seem to be having a fairly easy time. Yes, I am aware the job has its stresses, but the impression I gather is that there is little to worry about. You aren't working for a corporation that is trying to extract every bit of energy from you to maximise its profits. + +Just my 2 cents though. Not saying teachers have it easy. But from talking with my friends they seem to love my jobs, whereas my friends who are in tech (and earning more money) seem to hate their work. +[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/x3byy4/drscomputershare_megathread_092022/) + +>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! + +🏴‍☠️ [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/) +Edit: Parents in the US! + +Like many of you I am looking to FIRE, and I’m doing the best I can to not give up on the best thing in life... family. Recently, it dawned on me that I will need to account for and plan for my parents. Unfortunately, they did not learn to invest, and do not have enough meaningful assets. + +Taking care of my parents is a higher priority than my fire goals, but I’d love to do both. + +I would appreciate any guidance you can give me, including what to plan for, topics I should understand, strategies you have employed to keep quality of life up and costs as manageable as possible, etc, etc. + +Thank you all in advance. +Edit: **DO NOT SELL YOUR STOCKS IF TRANSFERRING TO A NEW BROKER**. **YOU CAN TRANSFER WITHOUT SELLING. PLEASE DO NOT SELL!!!!** + +**TLDR:** All $GME shares should be moved to a cash account OR have margin turned off in the account. This should theoretically force a real share to be delivered to your account to return the share that the shorts borrowed from you, thus driving up the price and reducing the amount of real shares available for hedgfucks to borrow. + +FIDELITY and ROBINHOOD (thx [u/power\_v](https://www.reddit.com/user/power_v/) ) instructions for this below. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Listen, it took me a while to switch off margin myself as it is convenient, but we all want our FUCKING TENDIES and this is one of 4 ways that us individual fish in the pond can get us there. + +1. HODL +2. BUY & HODL +3. Vote (proxy vote through broker platform only... No scam links from here) - if your shares are in a margin account it is far to late for this now unfortunately +4. **TURN OFF MARGIN** ON YOUR ACCOUNT **OR TRANSFER GME TO A CASH ACCOUNT** \- THIS IS STILL IMPORTANT NOW + +This has **literally been said a million times** but I say it once again because I know there are still loads of you out there who are: + +1. Still using Robinhood, OR; +2. Still on a margin account + +Stop using brokers like RobinHood to buy up the stock into accounts that have Instant Settlement / Margin turned when you sign up. These features mean that your shares are giving the hedge funds more ammunition (shortable shares) to stop/delay the MOASS. + +With Instant Settlement enabled, your account is a **MARGIN ACCOUNT,** meaning the broker can lend out the shares for shorting. + +In **CASH ACCOUNTS**, on the other hand, the shares settled directly into your account, and the broker isn't allowed to lend these shares out to short sellers. + +**FIDELITY USERS WHO ARE STILL ON MARGIN:** + +If you do not want to turn off margin on your account, I get it, but you do not have to turn margin off to achieve the intended result. + +Do you have a **FIDELITY CASH MANAGEMENT ACCOUNT?** Great, if you don't idk wtf youre doing but fucking make one. Its super easy so just google it. + +Your Cash Management account will be listed right below your investment account in you portfolio. Now, all you have to do is transfer your GME shares from your **MARGIN INVESTMENT ACCOUNT** to your **CASH MANAGEMENT ACCOUNT.** + +This should take literally ZERO time since its all within the same broker, and BOOM. You're done. + +Thanks for finally lifting **ONE FUCKING FINGER TO HELP THE CAUSE.** + +End angry tangent + +[u/power\_v](https://www.reddit.com/user/power_v/) provided a fantastic explanation, [here](https://www.reddit.com/r/wallstreetbets/comments/lonrbo/psa_to_all_you_autists_stop_lending_your_gme/), of this like 2 months ago and I saved his post to tell my friends and anyone else why they need to actually shift off Margin. See below: + +>**The more $GME stock that WE buy into a margin account, the more cheaply the hedge funds are able to use the shares to short it.** RH publicly posts on their '*How Robinhood Makes Money*' page that they participate in loaning stocks that are on margin for interest income. +> +>**How to prevent this on RH:** +> +>In the RH app (iPhone), Account Tab -> Investing -> Day Trade Settings -> 'Turn Off Instant Settlement' to convert your account to a Cash account +> +>Withdraw all of your leftover money/positions and put re-deposit it into a better brokerage. Because fuck RobinHood anyway. +> +>**(BONUS INFO)** How short interest can be over 100% ***without*** naked short selling (which is what a lot of people think happened): +> +>Autist A buys 100 $GME shares into a margin account on Shit Broker A (RH1 for short) +> +>RH1 lends these 100 shares to Shit Fund (MC for short) to sell short +> +>MC short-sells these 100 shares on the market, and Autist B is the buyer into their Shit Broker B (RH2) margin account +> +>Now RH2 lends these 100 shares to MC to sell short, which Autist C later buys +> +>The same 100 shares have now been sold short twice boosting SI%, but the float hasn't changed on the stock. +> +>**The only way to win this battle against the hedge funds is to cut off their ability to short the stock so cheaply.** If they can short the stock for *virtually* free, dollar-for-dollar, against retail traders, this squeeze will never get squoze. + +This is most certainly not financial advise of any sort. + +Edit: **DO NOT SELL YOUR STOCKS IF TRANSFERRING TO A NEW BROKER**. **YOU CAN TRANSFER WITHOUT SELLING. PLEASE DO NOT SELL!!!!** +A frequent post in the daily thread often takes the following form: "given [perceived current/future market context], how should we [respond/prepare]?" + +The answer I give to these questions almost always asks the asker to consult their [Investment Policy Statement](https://www.bogleheads.org/wiki/Investment_policy_statement) or invites them to write one if they haven't yet. A written IPS can be the highest-yield investment of your lifetime, given that investor behavior is the most fundamental requirement in the [investor hierarchy of needs](https://www.collaborativefund.com/uploads/Screen%20Shot%202018-05-30%20at%203.01.12%20PM.png) and that a written IPS codifies your philosophy and plan to reduce the risk of errant behavior that can jeopardize your investment returns. Below is a sample IPS that I hope highlights the document's utility to answering the question in the opening of this post, and many more over the decades. **This IPS is not** ***your*** **IPS**, and it is critical that you write your own so you can believe your own words when you need to consult them in times of uncertainty. + +The IPS below only covers one investment goal, but it highlights the overall strategy. The key pieces are a clear reckoning of *why* this is your plan and what your priorities are. Writing even your one-time deviations from the IPS forces you to periodically review whether those deviations were wise, in retrospect. There is room to adjust as needed to true, new, relevant circumstances, but overall the IPS keeps the even keel through nearly all other market conditions by having no provision that says "pay attention to market conditions and adjust for them." + +#Investment Philosophy +* In the long run, I cannot choose individual securities—domestic or international—that will beat the market average. +* The market average has historically offered *enough* return for a comfortable retirement for anyone who is able to live below their means. +* I cannot time the market, and market timing strategies require timing the market twice. +* Never bear too much or too little risk. +* Costs should be kept to a reasonable minimum. +* Simplicity is a virtue in itself. +* Summary of the above: *"Buy-and-hold, long-term, all-market-index strategies, implemented at rock-bottom cost, are the surest of all routes to the accumulation of wealth"* - John C. Bogle + +#Investment Objectives +* Achieve financial independence, or the ability to retire, by age [--]. +* The above is achieved by holding a liquid portfolio of approximately [$--]. + +#Risk Tolerance +* Risk tolerance is assessed by the need, ability, and willingness framework. Need sets my risk floor, Ability sets my risk ceiling, and Willingness sets my risk tolerance between Need and Ability if there is a range between them. +* Need: Current need for risk is [low], as even a low rate of return over a long enough period will allow me to retire comfortably at a reasonable time. +* Ability: Current ability for risk is [high], as my investment horizon is [long] and my human capital is [large/stable]. +* Willingness: Current willingness for risk is [high]. I have not felt particularly anxious with my asset allocation during episodes of past volatility and/or downturns. + +#Asset Allocation +* Maintain an overall 100% stock allocation of globally-diversified assets held at market-cap weight. +* When the liquid portfolio is at 85% of the target, shift all new effective contributions to total bond market holdings with a target of 60% stock and 40% bond by financial independence. +* If new contributions are not sufficient to reach the target allocation by financial independence, calculate periodic rebalancing needed to reach the target allocation based on projections of future growth and contributions. + +#Funds and Accounts +* Current accounts and funds as follows: [--] +* Future inflows will prioritize the following accounts, using the following funds: [--] + +#Rebalancing +* Rebalancing needs will be reviewed at least annually, and will occur when allocations are beyond 5% absolute from target. + +#Other Considerations +* Deviations from this IPS require re-reading the IPS, including the investment philosophy, to identifying whether there have been any fundamental changes to the philosophy. +* Deviations cannot be enacted without a week of consideration. +* Deviations must be written into the new IPS (either under a subsection if a single-event deviation or as a change to the IPS itself for permanent changes). + +#Single-event deviations from the IPS +* [--] +The January 2022 30P has a credit of around $17. So, if I think it will be over $30 by then, I could lay out the 3K, get $1700 in credit, and buy 100 shares with the credit. Then if its over $30 by jan. 2022 I walk with the whole $1700 credit, essentially getting the 100 shares I bought with the credit for free. I understand if the price goes down I will lose money, but if I am right that its over $30 by jan. 2022 I walk with the whole credit. Am I missing something? These seem like a great deal if it is actually above $30 by jan. 2022, which I believe it will be. +A stretch for thetagang but beneficial to those that write credit spreads on SPY. + +I cannot make sense of support and resistance for SPY ETF. SPY is a weighted average of 500 companies, it is not itself an independent company with a CEO, fundamentals, earnings, products, etc. To my knowledge it's movement is 100% pegged to the weighted movement of the 500 S&P companies. So how does SPY face resistance? (right now $470 for example) The only way this could make sense given my definition of SPY above is that majority of the companies (AAPL, MSFT, TSLA, etc) are also facing resistance. This is not the case however. Same goes for SPY Support. + +Also to follow up with this, if some SPY whale sells hundreds of millions of dollars of SPY shares at ask, does the SPY price plummet like a normal stock? If its truly the weighted average, and the whales that hold stock in the individual companies didn't sell off, then shouldn't is still be up? If it is still up, then how? Is the market maker forced to pump the ETF during a whale sell off to ensure it represents the weighted average? + +Basically I'm having trouble grasping how SPY ETF has both the following principles: + +1)weighted average of 500 companies + +2) functioning like a normal stock with support/resistance + +&#x200B; + +thanks guy! +I'm just curious because I've been doing mostly credit spreads/ICs and my monthly returns are around 20% which seems pretty high. I'm wondering if my trades have just been too risky (I usually open them at around 20D or 15D) and I've been lucky or if these returns are actually sustainable. Part of me says they can't be sustainable because everyone would be doing this. But I'm curious what "normal" returns are like in this group. +I am interested in wheeling a risky underlying (e.g. GME, RIOT, MARA). It seems like the risk is getting assigned a big CSP and the stock going to 0. I've been wondering about hedging against that with a long dated put + +For example (GME), I could buy a Jan 21/2022 put @ 20 for around 7.25 + +Then I could sell weekly puts , e.g. Jan 22/2021 put @ 31 right now for 2.67 + +So presumably in 3 weeks of selling weeklies, I've recovered the premium paid for the long dated put, and now I can wheel the risky underlying for the rest of the year with more confidence. Does this make sense? Is it a good strategy? Or am I missing something here? + +Obviously the strike price of the long dated put would determine how much protection I'm getting, and the higher the price the more premium I will pay for that, so there is a tradeoff there. I can also probably consider rolling the long-dated put if things are going well 6 months in and I want to increase the amount of protection I have. +Generally when rolling a CSP, is it better to roll on a red or green day? Does this premise change if the CSP is ITM/ATM vs OTM? I realize when selling puts you want to do it on a red day, but not sure if this still applies when rolling? +So say I've held shares for over a year and Im up big on a position and I want to exit the position. Is there any reason why I shouldn't sell a covered call near the money and let my shares get called away instead of just selling the shares flat out? +Hi, + +I am selling options for 30-45 DTE. But I have a doubt about earnings. Everyone advises to avoid options play near earnings, so how do we choose the DTE when earnings are approaching. I understand IV increases few days before earnings, so how do we go about it. Should be sell strangles/straddles near earnings to take advantage of high IV? + +I searched but couldn't get a definitive answer. + +I have posted few scenarios below with questions, so would appreciate your guidance if my understanding is correct/misplaced/completely wrong :) + +These are just random examples, referring solely to earnings play. How to handle them? + +**AAPL - So in this case should we wait for earnings to come out and open after 28th April, or 40 DTE can be opened now?** + +https://preview.redd.it/74r7g3dpxjs61.png?width=1480&format=png&auto=webp&s=0ee7122b998df525bb4e7c2db9cbff4385faee32 + +**PLTR - Earnings is close to 40 DTE, so should we sell 26 DTE in this case to avoid IV spike closer to earnings?** + +https://preview.redd.it/a09chryeyjs61.png?width=1492&format=png&auto=webp&s=cc4a330207b962c6e490219de2796fa98355b63e + +**DIS - Earnings are in middle, so we sell 19DTE, or is 40 DTE safe in this case, as IV spike would settle after earnings?** + +https://preview.redd.it/a5oa346nyjs61.png?width=1501&format=png&auto=webp&s=950e5aa946698418e40ee61188378e1dd39f99c1 + +**BABA - In this case it's safe to sell options for 40 DTE?** + +https://preview.redd.it/6bsf9uuryjs61.png?width=1483&format=png&auto=webp&s=93fe7c475d7899ab8c9cd66ff5c9b762c3873722 +I’m really worried about my brother. He’s very young, and is terrible with finances. He went to uni and got into trouble with payday loans. He made a joke that he’s got four banks coming after him, presumably for overdrafts. + +I really want to help him. I recommend StepChange, but I think he might put off speaking to them due to depression and/or shame. + +What practical advice can I give him directly? I’m not looking for things like ‘spend less, have a budget’, but instead things that will reduce the debt available, maybe a way to stop interest from accruing. + +Thank you so much in advance. + +Edit: it has occurred to me that the bank letters might be for credit cards too. +# 100k?! + +Wow, 100,000 of us. Who'da thunk it? + +If you are interested to see what the subreddit looked like when I first got involved with it, this is the earliest wayback machine page I can find with my name on the mod-list: [https://web.archive.org/web/20140326064017/http://www.reddit.com:80/r/UKPersonalFinance/](https://web.archive.org/web/20140326064017/http:/www.reddit.com:80/r/UKPersonalFinance/) + +Less than 3,000 subscribers, old Reddit was still the default, nobody had heard of Brexit or Coronavirus. Ahhh, nostalgia... + +Anyway, onto business! + +# First, some stats: + +## The Subreddit + +[https://i.imgur.com/p4IKUk1.png](https://i.imgur.com/p4IKUk1.png) + +* Page views on the subreddit peaked as the COVID crisis hit, and were an eye-opening 3.7M last month. +* Most of our users now use the reddit apps +* We seem to be growing at a fairly steady rate, with interesting spikes at certain points (spot the new year resolution subscribers!) +* Geeky stats here: [https://redditmetrics.com/r/UKPersonalFinance](https://redditmetrics.com/r/UKPersonalFinance) + +## The Wiki + +[https://i.imgur.com/PN1Cvc7.png](https://i.imgur.com/PN1Cvc7.png) + +* The wiki ([https://ukpersonal.finance](https://ukpersonal.finance)) has now been offsite for nine months, and continues to be a popular resource +* We broke the analytics plugin so we only have data up to 19th April +* We've had 38,000 users visit the site with 113,000 total page views since we started it +* The content is starting to show its age and is need of a refresh. I wrote the majority of it over the course of three years or so, and it hasn't had much of an update for the last three or four years. Are you interested in writing wiki content or editing the content that is already there? Please join our Discord server ([https://discord.gg/kaetMg8](https://discord.gg/kaetMg8)) and let us know! + +## The Discord Server + +* Speaking of the Discord server, it now has over 1,200 members. +* Feel free to drop by and chat. We have a separate "lounge" channel for regular subreddit contributors, in case you're interested in speaking with like-minded people on wider topics. + +## The Flowchart + +...have you seen the flowchart? + +[https://i.imgur.com/gUxV4bc.png](https://i.imgur.com/gUxV4bc.png) + +* The flowchart got hosted separately (permalink: [https://flowchart.ukpersonal.finance/](https://flowchart.ukpersonal.finance/) ) which gives us some fancy stats. The most interesting to me is the biggest numbers: 76,000 pageviews in two months. Wowzers! +* I hope to have some time to evolve the flowchart further. This will intersect with Wiki updates. +* The main area for improvement is the last bit, which is still confusing and overly complex, whilst still not being complex enough. Perhaps it's an unsolvable puzzle? Any ideas?! Please shout up! + +# Thoughts from the mods... + +The visible mod-team shrank a little while ago, as we ~~staged a coup~~ removed the "top level mods" who had set the sub up and run things initially, but had subsequently left Reddit. This left the team of myself, strolls, Borax and TheRealWhoop running the show. In addition we had clippybot handing out reputation points. + +More recently the mod team *looks* like it has grown suddenly, although we've only added one human into the mix. Epicmindwarp, who provided and has maintained clippybot, accepted an invite to come on board, and has quickly added an automated induction process (see below). + +Generally speaking, the sub has always been easy to moderate. Most discussions are on topic, people are generally civil to each other, and we don't have to intervene very often. + +We have an incredible community of experienced people, both financial professionals and otherwise, who are very happy to help. Our key focus as a mod-team is to keep the sub working for you, as you're the reason the sub flourishes. + +# The "new new" user workflow + +There have been a couple of recent threads suggesting that post quality is falling, and this is something we have taken seriously. To this end we have recently put in place a new workflow for new posters: + +* If automoderator notices that you have no flair, your post is removed and a message is sent explaining the purpose of the sub, the wiki, the rules and posting requirements, letting you know about our reputation system, and so on. +* If you respond affirmatively to the message, the post is approved. + +This is helpful for a few reasons: + +* The majority of our traffic now comes from the Reddit mobile app, which is pretty poor at making the sidebar obvious, where a lot of the information is. +* It empowers the mod team to remove more low effort posts as a result of point one +* It hopefully encourages new users to use !thanks and build on our reputation system + +The whole process was put together by our newest mod, /u/epicmindwarp, who had already helped us significantly by setting the reputation system up a while ago. + +Additionally, we have very recently setup a "weekly help thread", which will be stickied each Monday. This will hopefully allow people to ask smaller questions they might not otherwise have asked, or would have posted as a thread, in a single place. If you're a regular, please stop by and answer the odd question :) + +(Also, special thanks to /u/pflurklurk who has kept the furlough q&a thread alive for the last few weeks). + +# Over to you + +So, over to you! This is your chance to tell us what is working, what could be working better, what you love, what you hate, and so on. Some questions that might start you off: + +* Are you a new user? Did our introduction system help? Were you frustrated by it? +* Have you noticed our weekly help thread in the past week? Is it useful? +* If you're a long-time user, have you noticed thread quality improving? +* Are the rules still appropriate for the sub? Do we need stricter rules? Less rules? +Sorry this is a long one but I'm at a loss! + +I got a car out on finance 3 years ago, paid it for a year no issues then Cvid hit and I lost my job (the locks were changed one day and that was it, £2000 in wages that I didn't get back until the start of this year after going to court). I missed 2 payments back to back (although I did phone in advance and they said they would take the cost of the 2 payments and added it to the finance I took out). + +When the third payment was due, I expected the payment to come out of my account as I was back working again and able to afford it, it never came out. I called to be told my agreement was cancelled and they would be repossessing the car. I was gutted as I loved the car so I asked if there was anything that could be done, I even offered to pay the two months, that were technically no longer due as they'd been added to my agreement, over the phone there and then.. they refused. + +I asked when they would be repossessing and they told me I need to surrender it as I'm in Scotland and they told me they'd send someone with paperwork to sign.. nobody showed and it's been over 2 years now. + +Can anyone tell me what I need to do with this car? The company I bought it from are in England but I'm also worried about leaving the car anywhere (I'd have to find an address anyway) without signing something to say I have dropped it off with them. + +I haven't taxed or put it through its MOT as I was told I no longer own it, they were repossessing it and it's no longer my responsibility but... I kind of feel like it is so I'm not sure if I should leave it at my families farm or if it needs to be at my address for them to repossess... To clarify its outside my house and has been for years. I bought a new car as I was too anxious expecting someone to repossess this car, so it's definitely not moved and I'm definitely not hiding it 😊 + +Please help me and my mad anxiety 🤣 +I’m on the downhill slide on my landlord journey and was talking to my realtor friend who suggested doing seller financing on some of my paid off rentals. +These are single family near Cincinnati and currently worth 150-250k. All currently rented with average rent $1200. +So does anyone still do the 1% rule or is that old news due to inflated RE? What is acceptable interest rate and down payment if I agree to carry a note? +Any and all input is appreciated. +We were moving across country, wife and I. We were about to just rent, but decided lets buy a cheaper home, live in it for a year, then look for our dream home. Once dream home is found, we would rent out the temp home. + +Homes were going so quick, we wouldn’t have had time to fly across the country to see one, then lose out or decide we’re not interested. + +We moved into it today. Everything is much worse than the pictures. My realtor is a friend and he’s 3 hours away, so he didn’t see it. We put the offer in quick to not lose out, so no one saw it. We knew it would need some work, and was priced accordingly, but in no way a steal. what I didn’t know is there is a fast road right next to this house. Lots of trucks all day, you can hear every car… some of them seem to vibrate the home. We’re freaking out. Do we rent it out and move ASAP? If we tried to sell, we’d lose out on a lot of money. Will anyone want to rent it?? There are lots of other houses on this street, so people must put up with the noise right? Am I just not used to it? + +We’re so kicking ourselves for buying this way. I’m about to walk away and lose 30 or 40k at this point. But I know I should just rent it out. + +If we bought another home, I believe the bank would increase the interest rate on this home since we haven’t lived here for a year yet. + +Any advice to help us from freaking out is greatly appreciated. + +Also - house was 206k and I put 20% down. We made an offer on the first day, which I think was a major mistake because this needed a lot of work, a lot was outdated in it, kitchen, one bathroom needs redone. +I am a business owner. I get alot of cash so I can easily fund repairs on a house. What I am having trouble doing is getting a HELOC on my home or a mortgage for a my first investment property because my income isn't enough because I have been aggressively building my business instead of taking profits. + +360k in a vanguard brokerage account. I am willing to move the money to whatever reputable brokerage necessary. I do not want to sell any stock, I would rather borrow $80k to $120k for a short period to minimize risk, get a tenant in, and then refinance and pay the margin loan back. Has anyone purchased a home this way, and is it easy to refinance when rents are coming in even though personal income is still low? +Pretty much ex if the bank takes 1000$ a month, then leave that in the account. Every month we expect tenants to pay on the 1st, and sometimes they don't, but the bank will always withdraw on the 3rd. So by the 3rd the bank can take their money so you don't get the penalty, 50$ a day in my case. over the month your tenant will end up paying, so you can just put the money in for the next month. So every month you technically already have the mortgage ready and depending on local laws don't have to start the real pressure squeezing with threats of eviction till the 21st in my case. + +&#x200B; + +Pretty much not everybody gets their paycheck on the 1st, and it's better to have the money in the account than be penalized by the bank. + +I have reduced my stress so much by doing this. the bank is paid so as long as you get paid before the end of the month you can pay the bank again. + +&#x200B; + +yes i expect many comments about finding better tenants ect. just local laws here are heavily in favor of tenants so this has been my way to stress less about late rent. + + +Hey all, + +Nothing nefarious going on but we operate a very niche rental business in Washington, DC and have identified a collection of 24 town homes that would be ideal for our program. Everything from the unit mix, to the location to the layout of the development is perfect for us. + +The problem is that we feel that if it got out that we were buying up the town homes that 1) the other owners would be up in arms over putting renters (regardless of how responsible we are in proper screening and taking care of our properties) in and 2) the price of each successive home would increase drastically knowing that we are attempting to buy all of the homes in the community. + +How would you go about buying up these homes that are not for sale without ruffling feathers or driving up your acquisition costs? Would you simply buy in the name of different LLC's? Would you make offers to individual owners or to everyone all at once? +Hey all, + +Just thought I'd make a PSA out of my recent close call. I was about to buy a house in a wonderful neighborhood. The area has great schools, hardly any crime, very suburban and quiet. I'm getting excited about this house, it's the right price, great neighborhood - I want to close on this. Then, I do what my trusty real estate agent is always telling me to do - walk around the neighborhood and talk to the neighbors! This is why community is so important. I went ahead and walked around and found 2 older men that had been living in the area since the 70s. I introduced myself excitedly as I told them I was interested in the house on the corner lot. Then they both laughed and one of them said, "Oh, the meth lab?" My mouth was WIDE open covid mask, "wwhhhaaaattt?" I thought he was joking. He insisted he wasn't joking. Then I started doing research. A house that was a former meth lab is basically a chemical waste site. They can be highly toxic for years and wreck your health. The only way to fix them is basically to gut them out and treat the whole thing with even more chemicals. The house was not registered with the DEA as a former meth lab. I had to go to the local county police office and pay $1 to get phone records. Sure enough, a property management company has called the police due to suspected narcotics on property. The police show up and call for hazmat suits due to "active meth lab." INCREDIBLE. It was a mother cooking the meth actually, and her 2 sons aged 10 and 17 knew about it. Not only that, but the police tried to contact the property owner who swears that he never knew it was an active meth lab. The man had even rented it out after the lady and her kids got evicted to another family for 3 years. I'm not a lawyer, but I'm pretty sure he has a huge liability. + +Stay safe! +Four years ago after having problems with losing my voice and having to clear my throat a lot, I went to the doctor and got news out of left field. At 24 I had an aggressive throat cancer. At the time I worked at a well known financial firm as a software engineer, making about $200k per year. After the diagnosis I had surgery, then radiation, and in the last few months I've started chemo after some new information about the tumor type appeared. I wasn't able to work much at all at that point, and despite this my employer was great for me, and they kept me on for 2 years before letting me go (I wasn't working much at all, and my boss was very understanding). + +I had about $350k in the bank that I had been saving up to buy a house, but in the events following the diagnosis and termination from work my insurance lapsed, and because I was so out of it due to the chemo, I didn't get on new insurance. That $350k is now gone, and I'm deeply in the hole and my bank will cut me off at any time (they keep calling, but I'm not answering because I know what will be awaiting me after the call). I'm getting so many medical bills in the mail that I'm not even sure who to pay at times. + +There is no way in hell I can get a loan now. I know I fucked up. I have no idea what to do at this point. I can't work yet because my mind is mush after the chemo, and I have no family who can help out either. Online I read about people saying others in my situation should file for bankruptcy after getting healthy again, but I'm only 28 and it seems like a potential disaster for the future when the cancer comes back (90% with my type relapse in 10 years after remission). + +I am at a total loss, my life went from great and wealthy to poor and well.. poor. Am I completely screwed now? Any suggestions for ways to deal with this? +# Intro + +Last week Wednesday 07/21, in my [Fuzzy Technical Analysis Showing a Reversion to a Mean Around 180](https://www.reddit.com/r/Superstonk/comments/ooxwd8/fuzzy_technical_analysis_showing_a_reversion_to_a/), I made the following statements: + +* **the mean is around 180.00**: Friday 07/23 closed at 180.36, a 0.1996% margin of error +* **We may visit the mid and low 160's again**: and here we are, closing on Thursday 07/29 at 164.86 +* **GME will have a tendency to consolidate around 180, and will move up and down until the end of August**: still within my channel and AVWAPs, and yesterday there was even an attempted rally for 177.12, which I would argue is pretty close to 180.00 + +That post above has more details on how I came to this conclusion. In reviewing what has transpired in one week: + +# Pattern Continuation + +The analogous chart pattern statistically continues to develop. When placed next each other (vertically), we get an eerily similar shape, that has a statistical correlation, as written by [u/PWNWTFBBQ](https://www.reddit.com/user/PWNWTFBBQ/). + +[Pattern as of 07\/29](https://preview.redd.it/6xptjr6fg7e71.png?width=2441&format=png&auto=webp&s=d48326c5c3ce8d334ba6fcbd999d7c8ec1d26f7a) + +When overlaid over each other, we see how similar these chart patterns are to each other. One observation I have is that the chart seems to have shifted over by one day, where the drop on 05/03 seems to match up to the drop 07/28. This may mean that we will get another drop on 08/04 or 08/05, to be discussed below. + +[Overlay](https://preview.redd.it/tokjim6fg7e71.png?width=2441&format=png&auto=webp&s=c1be371495a911f0bb6c35788dd5220459e68282) + +# Delta Neutral + +GME seems to have gone below the DN, as written by [u/yelyah2](https://www.reddit.com/u/yelyah2/). I believe the GME will stay around the DN, until around the end of August, as a reversion to a mean. + +[Delta Neutral](https://preview.redd.it/iggham99i7e71.png?width=910&format=png&auto=webp&s=7bdb98703e89571f69cd9bf58513748260276a11) + +# AVWAP & Parallel Channel + +One AVWAP that I didn't include last week was the 02/02 AVWAP @ 152.72. It just happens to coincide with the lower channel (in white) that I drew, and defines the bottom of the current trading range. Support is at this AVWAP, resistance is at the 02/26 AVWAP @ 189.20, and the 02/19 AVWAP @ 174.03 seems to be the current midpoint. Based on learned experience, I will stick to my original assessment that GME seeks to revert to a mean of 180.00. + +[AVWAP & Parallel Channel](https://preview.redd.it/p4k50toab7e71.png?width=2560&format=png&auto=webp&s=92af71332a26a49a2fb9fe3875943fdaf78a3491) + +# Buy Zones + +GME is on sale 5 days a week, 52 weeks a year. However, I would like to help apes buy as many shares as possible. In looking at the Bollinger Bands, we can see the GME is nearing its Standard Deviation of 2, and has not yet cross this, to mark a fantastic buy, like it has previously. + +[Bollinger Bands](https://preview.redd.it/i17qvpoab7e71.png?width=2560&format=png&auto=webp&s=fbf84e1cdc0f084065d0aa81732590180215156d) + +When the BB is placed with the AVWAP, and showing a buy zone I have drawn in blue, we see that we are in a price range that can be a proper entry. However, I would say that we are not quite there yet, based on the BB 2SD not being touched and the chart pattern. + +[Buy Zone](https://preview.redd.it/zsmyrooab7e71.png?width=2560&format=png&auto=webp&s=edc4f143f29cce51b0d02685bc2259b6b33ca6ed) + +Looking at the first chart of this post, it appears that GME still has a little more room for the shorts to push it down, midweek next week, around 08/04 or 08/05. Shorts will be interested to push GME down towards the 02/02 AVWAP @ 152.72, so this means it is possible that GME prices bottom out around 156.00. If we get a big drop, with the big drop being day 1, wait until day 2 or day 3, and that should be the bottom, and it should be closing in on the 02/02 AVWAP @ 152.72. This is what I think would be the true buy zone. + +# Shills & Trolls + +I wonder if I am being downvoted to oblivion by shills. Definitely I have had GME Meltdown guys targeting my posts, and it is because they were afraid of my 0.1996% margin of error last week? + +If you looked at the comments of my previous post, you will see them. The approach I took in dealing with these sad people is to troll them even harder. There was one particular gentleman where I was particularly aggressive, but the funny thing is that none of those ad hominin I used came from me—they were all copied and pasted from personal attacks he threw at *other* apes (see sources below). Individuals like this do not being here, and should be banned. I believe mods may have too many things to do to deal with problems like this, and these people are a detriment to this community as a whole. + +&#x200B; + +>[https://www.reddit.com/r/Superstonk/comments/omnjj3/one\_of\_the\_biggest\_fuds\_dont\_buy\_options/h5mc5hz/](https://www.reddit.com/r/Superstonk/comments/omnjj3/one_of_the_biggest_fuds_dont_buy_options/h5mc5hz/) +> +>Either you are so fucking stupid you don't see where it is +> +>Can't believe they let animals like you walk on the streets. +> +>[https://www.reddit.com/r/Superstonk/comments/oopdx1/gme\_daily\_discussion/h60waoe/](https://www.reddit.com/r/Superstonk/comments/oopdx1/gme_daily_discussion/h60waoe/) +> +>Try first reading the thing you are actually discussing, instead of being an ignorant sub-human. +> +>[https://www.reddit.com/r/Superstonk/comments/onzgy3/there\_was\_over\_1\_trillion\_in\_active\_short/h5v4j78/](https://www.reddit.com/r/Superstonk/comments/onzgy3/there_was_over_1_trillion_in_active_short/h5v4j78/) +> +>This is definitely the sub-human take, congratulations. +> +>[https://www.reddit.com/r/Superstonk/comments/onpfe7/max\_pain\_theory/h5tholj/](https://www.reddit.com/r/Superstonk/comments/onpfe7/max_pain_theory/h5tholj/) +> +>Try again, fail again, fail better. +> +>[https://www.reddit.com/r/Superstonk/comments/onyijg/page\_13\_of\_house\_of\_cards\_you\_dont\_really\_own/h5uzc8y/](https://www.reddit.com/r/Superstonk/comments/onyijg/page_13_of_house_of_cards_you_dont_really_own/h5uzc8y/) +> +>Don't forget your red nose 🤡 +> +>[https://www.reddit.com/r/Superstonk/comments/okcl50/gme\_rsi\_nearly\_oversold\_theyre\_desperately\_trying/h571u60/](https://www.reddit.com/r/Superstonk/comments/okcl50/gme_rsi_nearly_oversold_theyre_desperately_trying/h571u60/) +> +>TA applies, if you don't think so you are a clown. +> +>[https://www.reddit.com/r/Superstonk/comments/oobkk6/the\_walk\_of\_shame\_followup\_to\_they\_are\_the\_same/h5xjitp/](https://www.reddit.com/r/Superstonk/comments/oobkk6/the_walk_of_shame_followup_to_they_are_the_same/h5xjitp/) +> +>Downvoting, because you are arrogant and ignorant, not a flattering combination. +https://www.bloombergquint.com/business/tesla-shorts-sellers-lost-38-billion-in-2020-as-stock-surged + +With shares up 730%, Tesla bears have seen more than $38 billion in mark-to-market losses this year, according to data from S3 Partners. By comparison, the next-biggest loss for short sellers was on Apple Inc., at just under $7 billion, S3 data shows. + +Many of Tesla’s short sellers have closed out their positions over the course of 2020, with short interest falling to 6% of the float from nearly 20% a year ago, according to S3 data. + +The next potential catalyst comes in early January, when Tesla reports fourth-quarter vehicle production and delivery figures. Tesla expects to deliver half a million cars in 2020, a huge milestone for a company that initially struggled to mass-produce its Model 3 and is now building additional factories in Berlin and Austin, Texas. + +Thanks for the award. + + +Some time ago i posted this [https://www.reddit.com/r/Superstonk/comments/v4pgpd/gme\_and\_popcorn\_stock\_diverging\_in\_price\_action/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/v4pgpd/gme_and_popcorn_stock_diverging_in_price_action/?utm_medium=android_app&utm_source=share) + +I was seeing more and more diverging patterns in the graph between popcorn and GME. And yesterday was the nail in the coffin. Apparently popcorn ceo found a way to dilude the popcorn stock even more and it dumped (-10%) in AH. This is what ive been talking about, that at some point in time the popcorn croud will eventually realize GME is the play and as of yesterday let the fomo begin. And GME is about to leave the big boy dorito [https://gyazo.com/45e6a4f0dc5295fde23804f45c3acf4b](https://gyazo.com/45e6a4f0dc5295fde23804f45c3acf4b) +Here are all of the disadvantages of using a debit card. + +1) Doesn't establish or build credit + - Especially for younger people, you are making a mistake not beginning your credit history early that will help you out in the long run when you need a mortgage or an auto loan. You can start out with a card with a $300 limit or sign up for a secured credit card + +2) Less fraud protection than a credit card + - you can still be liable up to a certain dollar amount for an unauthorized purchase, with a credit card its always $0 (if in a reasonable timeframe) + +3) Your card is directly connected to your bank account + - if your PIN is fraudulently obtained, someone can drain your checking account and it can take a long time for it to be investigated and the funds returned + +4) Your PIN is not added security + - if your card is stolen, it can still be used WITHOUT your PIN at the register + +5) Generally less rewards compared to credit cards + - While some debit cards offer cash back, they will not be on tier with double cash back credit ards such as Citi Double Cash that have no annual fee. 90-95%of people should not have a credit card with an annual fee to begin with. + + +The only advantages a debit card have over credit/cash is for someone financially irresponsible that can't control any of their spending (which in some instances can still overdraft your account and leave you on the hook for a $35 fee) and that your card can be cancelled if lost versus cash. + + +TL:DR - Use a credit card with good rewards, no annual fee, and use an ATM only card instead of a debit card. + + +Feel free to put comments or your thoughts below! +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/) + +>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! + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for help with 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 guys, + +Today I sold my awesome 2014 Dodge Ram R/T to carmax and picked up an old cadillac for 3k cash. All of my friends and family are so confused by my recent behavior, and they are struggling to understand my FIRE mindset. Do you guys have this same problem? + +Like recently I moved out of my house into a studio so I could rent the house out. At the time people thought I was insane. They're all like "why are you going backwards in life?!" or "that's YOUR house! why are you letting a stranger live there?" or the best one "where are you going to live???" Now 6 months later I own two houses. + +This sub has inspired me to do all sorts of (radical) things with my life like buy my own cable modem and get rid of TV service. Or mow my lawn, make my own lunch, wash my own car, etc etc. Basic stuff that anybody can do, it just requires some effort. + +I guess it just never dawned on me how most people load up their budgets with all sorts of extracurricular expenses, but deep down inside they still envision themselves as getting rich one day. They think it's normal to have a $100 cell phone bill and $150 comcast service and 2 carwashes a month and drinks every weekend etc etc. And they just can't seem to relate to you when you don't live like them. + +Do you guys have this same problem where your friends and family can't understand your new lifestyle and struggle to acquaint themselves with the new you? + + +Psychologist here - planning to make changes in the coming year. Such as more private practice, additional hours etc. close to finishing my Clinical Endorsement, so have higher earnings capacity soon. Currently on 113k pa +17% super and approx 20k on the side supervising. + +Just wondering what people make, whether it’s private, on salary or consulting. Some detail and context would be helpful. + +What do you do, how much do you make etc and any other thoughts? Private practice worth it? +Like the title suggests I'm trying to figure out why this sub is on average quite bearish on asset prices (securities or real). Don't get me wrong I'm quite negative on the real economy and my medium term outlook on employment or corporate reinvestment isn't too crash hot. However I'm struggling to understand the bearishness on asset values in an environment of rates heading even more south, synchronous global stimulus, non existent IRR hurdles by institutional capital, and close to zero debt servicing costs. + +I for one cannot see a circuit breaker for what ends the party given stimulus has now gone synchronous globally. What blew up countries like Argentina in the past was that reckless financial management was punished by capital flight (lower FX) and subsequent higher input costs such as fuel leading to runaway inflation. However now that this recklessness has gone global I don't see how the historical correction mechanism of capital flight comes into effect. + +I guess one thing that could cause this to unravel is if global capital are horrified at the fiscal irresponsibility of governments and goes on strike by effectively parking everything into cash. However seeing the capital allocations of sovereign funds and pension pools it shows anything but that. Hurdle rates continue to be compressed as benchmark rates reaches close to zero. The debt capital markets are also conducive with recently structurally shitty companies able to raise 60 year bonds at all in costs of 4% with all indications this figure will keep on creeping down. There is a reason why we don't see the hedge funds that made headlines by balking at valuations and parking their holdings into cash writing followup victory pieces. + +With hardly any debt servicing stress (negligible interest and long maturity dates making refinancing crunches more unlikely), liquidity getting pumped hard across the board, and discount rates/hurdle rates continue to get compressed - what do you guys see bringing this to a halt? +I signed an unconditional offer to buy an IP for 800k. Bank ordered a valuation and it has come to 725k. I have already paid 20% deposit thinking I could apply for a 80% LVR. Bank has surprised me with the valuation. If I am continuing with the deal, I need an additional 60k in funds before settlement. I’m thinking following are my options and I’m considering going with the first. + +1. I’ve some shares in ASX that I’m planning to liquidate and that should cover the valuation shortfall + +2. Apply for equity release - I might be able to cover the shortfall with that but I really do not want to link my PPOR to my investment property + +3. Ask for bank if I can increase the LVR to over 80% and maybe borrow like 85%. I’ll have to pay a higher interest rate which will be an increase of around ~$330. I haven’t yet discussed this option with the bank + +I need some cash for emergency as we are expecting a kid early next year. Selling shares to cover the shortfall sounds like the only option and if that don’t work for any reason, I was thinking of the second option. + +With my current situation, do I have any better option? + +I was an idiot to go with the price we have offered. The property report came up the price was between 750k-850k but the bank is now saying those figures are not ideal. Considering it’s an unconditional offer, I think I don’t have much choices left + +Update: I reached out to broker today morning. Other banks evaluations are coming up to 800k but my broker suggested not to look for another bank now unless I have a back up plan. I have less than 30 days to settle so it will get tight for another bank to come back in time unless my current bank honours the initial valuation and approval. I’m trying to reach out to bank to see what my options are still. I’ll either come up with the money or check on getting the shortfall from the equity of my PPOR. + I pasted [the article](https://www.economist.com/leaders/2020/05/07/the-market-v-the-real-economy), to exempt you from registering an account to read it. + +##Financial markets have got out of whack with the economy. Something has to give + +STOCK MARKET HISTORY is packed with drama: the 1929 crash; Black Monday in 1987, when share prices lost 20% in a day; the dotcom mania in 1999. With such precedents, nothing should come as a surprise, but the past eight weeks have been remarkable, nonetheless. A gut-wrenching sell-off in shares has been followed by a delirious rally in America. Between February 19th and March 23rd, the S&P 500 index lost a third of its value. With barely a pause it has since rocketed, recovering more than half its loss. The catalyst was news that the Federal Reserve would buy corporate bonds, helping big firms finance their debts. Investors shifted from panic to optimism without missing a beat. + +This rosy view from Wall Street should make you uneasy (see article). It contrasts with markets elsewhere. Shares in Britain and continental Europe, for example, have recovered more sluggishly. And it is a world away from life on Main Street. Even as the lockdown eases in America, the blow to jobs has been savage, with unemployment rising from 4% to about 16%, the highest rate since records began in 1948. While big firms’ shares soar and they get help from the Fed, small businesses are struggling to get cash from Uncle Sam. + +Wounds from the financial crisis of 2007-09 are being reopened. “This is the second time we’ve bailed their asses out,” grumbled Joe Biden, the Democratic presidential candidate, last month. The battle over who pays for the fiscal burdens of the pandemic is just beginning. On the present trajectory, a backlash against big business is likely. + +Start with events in the markets. Much of the improved mood is because of the Fed, which has acted more dramatically than other central banks, buying up assets on an unimagined scale. It is committed to purchasing even more corporate debt, including high-yield “junk” bonds. The market for new issues of corporate bonds, which froze in February, has reopened in spectacular style. Companies have issued $560bn of bonds in the past six weeks, double the normal level. Even beached cruise-line firms have been able to raise cash, albeit at a high price. A cascade of bankruptcies at big firms has been forestalled. The central bank has, in effect, backstopped the cashflow of America Inc. The stockmarket has taken the hint and climbed. + +The Fed has little choice—a run on the corporate-bond market would worsen a deep recession. Investors have cheered it on by piling into shares. They have nowhere else good to put their cash. Government-bond yields are barely positive in America. They are negative in Japan and much of Europe. You are guaranteed to lose money by holding them to maturity, and if inflation rises the losses would be painful. So stocks are appealing. By late March prices had fallen by enough to tempt the braver sort. They steeled themselves with the observation that much of the stockmarket’s value is tied to profits that will be made long after the covid-19 slump has given way to recovery. + +Tellingly, though, the recent rise in share prices has been uneven. Even before the pandemic the market was lopsided, and it has become more so. Bourses in Britain and continental Europe, chock-full of troubled industries like carmaking, banking and energy, have lagged behind, and there are renewed jitters over the single currency (see article). In America investors have put even more faith in a tiny group of tech darlings—Alphabet, Amazon, Apple, Facebook and Microsoft—which now make up a fifth of the S&P 500 index. There is little euphoria, just a despairing reach for the handful of businesses judged to be all-weather survivors. + +At one level, this makes good sense. Asset managers have to put money to work as best they can. But there is something wrong with how fast stock prices have moved and where they have got back to. American shares are now higher than they were in August. This would seem to imply that commerce and the broader economy can get back to business as usual. There are countless threats to such a prospect, but three stand out. + +The first is the risk of an aftershock. It is entirely possible that there will be a second wave of infections. And there are also the consequences of a steep recession to contend with—American GDP is expected to drop by about 10% in the second quarter compared with a year earlier. Many individual bosses hope that ruthless cost-cutting can help protect their margins and pay down the debts accumulated through the furlough. But in aggregate this corporate austerity will depress demand. The likely outcome is a 90% economy, running far below normal levels. + +A second hazard to reckon with is fraud. Extended booms tend to encourage shifty behaviour, and the expansion before the covid crash was the longest on record. Years of cheap money and financial engineering mean that accounting shenanigans may now be laid bare. Already there have been two notable scandals in Asia in recent weeks, at Luckin Coffee, a Chinese Starbucks wannabe, and Hin Leong, a Singaporean energy trader that has been hiding giant losses (see article). A big fraud or corporate collapse in America could rock the markets’ confidence, much as the demise of Enron shredded investors’ nerves in 2001 and Lehman Brothers led the stockmarket down in 2008. + +The most overlooked risk is of a political backlash. The slump will hurt smaller firms and leave the bigger corporate survivors in a stronger position, increasing the concentration of some industries that was already a problem before the pandemic. A crisis demands sacrifice and will leave behind a big bill. The clamour for payback will only grow louder if big business has hogged more than its share of the subsidies on offer. It is easy to imagine windfall taxes on bailed-out industries, or a sharp reversal of the steady drop in the statutory federal corporate-tax rate, which fell to 21% in 2017 after President Donald Trump’s tax reforms, from a long-term average of well over 30%. Some Democrats want to limit mergers and stop firms returning cash to their owners. + +For now, equity investors judge that the Fed has their back. But the mood of the markets can shift suddenly, as an extraordinary couple of months has proved. A one-month bear market scarcely seems enough time to absorb all the possible bad news from the pandemic and the huge uncertainty it has created. This stock market drama has a few more acts yet.■ +My parent has money in a taxable account as well as an IRA they are forced to take minimum distributions on. They know they will be leaving me some of this money, and we have been discussing how to make the most of it. + +Our planning has mainly been centered around getting this after-tax money into Roth accounts so we can unlock the power of untaxed growth. This makes the most sense as my current marginal rate is the lowest it will be in my career, and we assume taxes will rise in the future. We already add $6k to my Roth IRA annually. + +My new company offers a Roth 401k which at face value seems like an attractive way to more quickly convert more of these funds to tax-free growth. + +Does this plan make sense? + +* Open a Roth 401k with my new company +* Max it out with the new limit of $20,500 this year + + * This will require me withholding about 40% of salary, which I have verified my new company allows. +* Each month, parent deposits the difference between the 40% contribution and the 5% I was already contributing to get the company match. This ensures my take-home pay remains consistent. +* When I leave the job in the future, I can convert the Roth 401k to a Roth IRA. + + * Essentially allowing me to convert 6k + 20.5k = 26.5k a year of taxable funds to a tax-free Roth IRA account. + +Is there anything I'm missing? Any concerns I should have? Has anyone done this before? + +Thanks guys and Merry Christmas +This seems counterintuitive. Are they just better at analyzing trade data to where the data from each trade is more valuable than the commission? Are they doing some "product placement" and prioritizing the sale of certain securities? I'm wondering because I've been wanting to expand my investments after maxing out my retirement contributions through my employer, and I don't know if taking advantage of $0 commissions has some downside I'm not aware of. Note that I'm not interested in day trading or speculation, I'm trying to build up some passive income. +I heard before people suggest having 1 chequings account, then 3 savings account. Then you can dedicate the 3 savings accs to: paycheck, savings goal, emergency funds. +What do you think is the best ? +My partner and I are taking a massive step in our relationship and buying her second home and my first. +Breakdown: +I make 94.5k per year. She makes 116k. We’re both just entering in to mid to high level management positions, so pay will continue to increase. +The house we are building is around 582k +10% down @59k with a 2.9ish rate. +Our mortgage is looking around $2975.21 per month that we’d be splitting equally @ 1,487.70. All utilities and what not it should be around 1680 each per month. + +I’ve always been taught to live below my means. Right now I live in a… less than ideal neighborhood at 995 per month with all utilities + internet included. I also save around 1400 a month not including my 401k. +I fear that maybe I’m going to be stretching my money too thin or won’t be able to save “enough”. Looking for input on if I’m overthinking this because it’s my first home and such a massive step. Based on my research, that shouldn’t be too bad. 21% of my income is going to our home at the estimate. + +I can provide other details if needed, but I just want to make sure we have a relatively secure finance situation. +Any input would be extremely helpful and appreciated. +So I basically went way over budget this New Years and I just did the math and I have about £4 to spend everyday until the end of the month to survive… I suck at budgeting and I need tips. I’m not buying any smokes and alcohol this month for obvious reasons but I still don’t think I can survive. Can someone give me any advice. Literally just want to settle all my meals in 4£ a day and survive until next month. + +Edit: Thanks for all the comments! I’m a little scared but I will try my best. I do have a big bag of rice at home, if I run out cash completely I’m just going to have to live off that. I only need to travel to Uni and I walk there and I’ve already accounted for rent and Uni fees when I quoted 4£. + +Edit: I know things are looking a bit grim, I do have a zero interest overdraft with my bank account and i will use it if I have to. But I’m really just trying not to because I don’t want the headache of paying it back or risk hurting my credit score. +Wanted to reach out to see if anyone had put any thought into the concept of anti- fragility in their lives. I feel like this would immensely lower Stress while either on the path to FIRE or being FIRE. I have put together some of my basic thoughts below but was wondering if you guys had any additional points that may help further this idea! + +- Buying and living in only Multi Family Homes - Keeps one of the 3 big costs down making the largest asset most will own a cash producer. (edited) +-Urban Farming in your backyard / chicken raising - Same, Keeps one of the 3 big costs down. (edited) +- Staying near HCOL cities to always have access to plentiful job sources in the event of future consulting work or needing to go back. +- Living explicitly on Public Transit options as the prime method of transport as the final chop at the Big 3 costs. +- Potentially owning multiple Multi- Family homes as investment vehicles, but also as a hedge against helping family and etc. You can always assist by providing someone a roof over their head and have a loss of minor cashflow rather than giving money and having issues over a loan or gift. + + +Obviously the above are all factors of my current general plan. I am some years out and do not want to over plan but the general themes are what i want to keep at the forefront of my mind as I work toward this goal of working either on my own volition or not at all as needed. + +Any others you think would help that I could add? +Hardware wallets are, without a doubt, the most secure way to store your crypto. Yet, at first, they can be rather confusing and I have certainly seen a lot of misconceptions around them in some posts. This guide is structured as a FAQ so you can jump to the sections of interest. Please do let me know of any feedback or further questions in the comments and I will be happy to update the guide. + +# What’s a crypto wallet anyway? + +A crypto wallet is essentially just a set of keys which identify you on the blockchain. The blockchain holds the ledger of all the transactions (entered by the miners or validators) hence it has at all times a record of where all the coins are. Thus, your wallet never really stores any coin. The coins are stored by the blockchain and your wallet simply contains the keys that let you prove the ownership of these coins. The wallet stores two types of keys: + +**Public key:** this is the address you use to receive your crypto, it is publicly available and can be shared safely. + +**Private key:** this is the key you need to use to prove ownership of the coins i.e. to sign transactions when you move your coins around or withdraw them from your wallet. It is generated from the seed phrase (usually 12 word or 24-words). + +It is important to stress that, essentially, **the seed phrase IS the wallet**. This is because the seed phrase generates the private key which is the only way to prove ownership of the coins. Whoever learns this seed phrase can claim ownership of your portfolio and, on the contrary, if you forget this seed phrase you might end up locked out of your wallet forever. + +&#x200B; + +https://preview.redd.it/cfd6b3hj3px61.png?width=326&format=png&auto=webp&s=c88211047277e47c1bed51e20908e47564209df0 + +# What are the different types of wallet ? + +**Mobile/Desktop wallet:** there are many desktop or mobile softwares that act as crypto wallets (e.g. Exodus, Atomic, Trust, Metamask,…). Those wallets are referred to as hot wallet because they are constantly connected to the internet. Whilst these are certainly the most convenient, their major drawback is that **they are the most vulnerable to security threats**. This is because your private key is stored on the computer or mobile phone which can be targeted by a malware, sim hack, key logger,… + +**Paper wallet:** a paper wallet is simply a piece of paper where your keys have been printed, along with a QR code to scan to authenticate transactions. This is considered secure because it is removed from the internet. The only way to ‘hack’ it is to steal the sheet of paper. + +**Hardware wallet:** a hardware wallet is a device, specifically designed to hold your private keys. It is another example of ‘cold storage’ meaning that it does not connect to the internet. You only have to plug it to confirm transactions, the private keys never leave the device. It is the most secure way to store your crypto but more on that later. + +# Why not simply leave my coins on the exchange ? + +Leaving your coins on the exchange where you just bought them is easy and convenient but not the safest practice. When you create an account with an exchange, it creates a wallet on your behalf. This means that, when you leave your coins at the exchange, you entrust them with your private keys and as the saying goes **“not your keys, not your coins”**. Many exchanges have been hacked (e.g. Altsbit, Upbit, Mt. Gox to name just a few and even Binance in May 2019) and in that case, it is almost impossible to recover the stolen funds. In some cases, there is also the risk that a government ban would freeze cryptocurrency transactions preventing you from accessing your coins. + +Having said that, some reputable exchanges, such as Coinbase, do invest a lot in their security and you need to consider whether you trust your own security measures more than theirs. Additionally, if you decide to store your crypto in your own wallet, you need to be confident that you will not lose your keys. It is estimated that **more than 20% of all the bitcoins have been lost forever**, mostly as a result of lost or forgotten keys. + +All this needs to be taken into account when assessing your personal decision but, it is generally considered that, for significant sums and/or for long term storage, a hardware wallet is the safest route. + +&#x200B; + +[In 2014, around 850,000 bitcoins were stolen from the exchange Mt. Gox](https://preview.redd.it/y1xvhfg75px61.png?width=644&format=png&auto=webp&s=1ca3ecea7eb47b7983ff14fa340aa2b543b63526) + +# How does a hardware wallet work ? Why is it safe ? + +A hardware wallet is designed to perform only a very limited set of tasks: it holds the private key and can be asked to confirm transaction using that key. It cannot connect to the internet and cannot prepare the transactions by itself. For this reason, it needs to be connected to a computer running a software, called a bridge, in order to prepare the transactions for the hardware wallet to sign. It is the safest way to store your crypto for several reasons: + +* The operating system that runs the hardware wallet is extremely specific, unlike the one on a computer or a mobile phone. For this reason, it is immune to malware. +* It does not connect to the internet so it cannot be targeted by an attack. +* The private keys never leave the wallet so they are never exposed to a potential thief even if your computer has been compromised. +* Some hardware wallets use extra layers of security such as pin code, passphrase to protect against specific risks. See the next sections for more details. + +# What if my hardware wallet is lost or stolen? + +If you lose your hardware wallet, simply use your seed phrase in any type of wallet (new hardware device or software wallet). Your private key will be re-generated and you will regain access to your funds. Then, because this private key is now probably compromised, you want to buy a new hardware wallet, obtain a brand new seed phrase and transfer your crypto to this new wallet. + +# What if my hardware wallet is broken? + +Same answer as above. As long as you have the seed phrase, you can always recover the wallet. + +# What if the manufacturer of my hardware wallet goes out of business? + +Same answer as above again except that you would buy a hardware wallet from a different brand. Most manufacturers will share the same seed phrase technology, thus the private key can be re-generated in a wallet from a different brand or even in a software wallet if need be. + +# Can hardware wallets be hacked ? + +**Physically stolen device** + +It is possible for a hacker to extract the private keys from a hardware wallet but only if the wallet is physically stolen first. If your device does get lost or stolen, it is more likely that you will be able to restore the wallet in a different application using the seed phrase and transfer the funds to a brand new wallet before your device falls in the hands of a hacker skilled enough to extract the keys. + +**5$ wrench attack** + +Another type of possible theft is the less refined so-called 5$ wrench attack. This is the case where someone, possibly armed with a wrench, physically threatens you until you release your seed phrase. Obviously, the best way to protect yourself against this kind of threat is not to talk about your crypto portfolio but hardware wallet can also help. Some hardware wallet allow you to choose a **passphrase** which acts like an extra word that you choose to add to your seed phrase. This way, a single wallet can hold a default portfolio (the one with no passphrase) and multiple hidden portfolios (one for each passphrase you choose). If you are forced to reveal your seed phrase under duress, you could give access to a decoy portfolio which holds a small amount of crypto without having to reveal your other portfolio since there is no way to know how many hidden portfolio have been included in the wallet. + +&#x200B; + +https://preview.redd.it/rwnzyfyi0px61.png?width=454&format=png&auto=webp&s=f121f29b25cdefdb4779666002b4395faa6c21f9 + +# Watch out for hardware wallet scams + +When you decide to acquire a hardware wallet, you need to be very careful to buy a device that has not been compromised. Indeed, a widespread scam when it comes to hardware wallets consists in selling devices that have been previously tampered with. To avoid that, it is highly recommended to buy your device directly from the manufacturer website such as [https://trezor.io](https://trezor.io) or [https://www.ledger.com](https://www.ledger.com) instead of going through third-party sellers such as Ebay. When you do receive your device, you need to make sure it is genuine and has not been tampered with, you follow the steps described [here for Trezor](https://blog.trezor.io/psa-non-genuine-trezor-devices-979b64e359a7) and [here for Ledger](https://support.ledger.com/hc/en-us/articles/360002481534-Check-if-device-is-genuine). + +A notable type of scam is the case where you receive a wallet that has already been preconfigured i.e. the seed phrase is already printed on a sheet or even a scratch card that you receive along with the device. This is a scam where the scammer already knows your private key and would have control over any fund you transfer into the wallet. **The seed phrase should always be generated for the first time when you perform the initial set up of the device yourself.** + +&#x200B; + +[A hardware wallet received with a pre-configured seed phrase is always a scam](https://preview.redd.it/bssnpbhn0px61.png?width=296&format=png&auto=webp&s=65b57ba2a75ab4f201be2fca1e269843a380a637) + +# Which wallet should I buy? + +So, you’re convinced, you need a hardware wallet, but which one should you get? Below is a comparison table of the most common hardware wallets so you can make an informed decision. They all have their pros and cons but the most important is that you can’t go wrong with any of them. + +&#x200B; + +[Comparison table of the leading hardware wallets](https://preview.redd.it/cii501fxwox61.png?width=502&format=png&auto=webp&s=60129c5f8ec224220aa48c423e5d6bee11c1b602) + +**\*Touchscreen:** this is an extra layer of security because it avoids having to type anything in the computer which is more vulnerable to security threats such as a key logger. + +**\*Passphrase**: this is the feature that lets you create hidden wallets within the device. + +**\*Pin code**: upon entering multiple incorrect pins, the device wipes itself such that the private keys are erased and can only be restored using the seed phrase. + +&#x200B; + +[Trezor One and Model T](https://preview.redd.it/6sa2vq9x1px61.png?width=559&format=png&auto=webp&s=7c51beb1af81f2f52f3297707d812d059ef62423) + +# I heard Ledger was hacked, what’s up with that? + +In 2020, Ledger company customers information were stolen. The actual ledger devices were not compromised and no coin were directly stolen. However, customer informations, including over a million email addresses as well as 270k home addresses and phone number, were made publicly available by hackers. This led to widespread phishing attempts whereby ledger customers were asked to download a fake version of Ledger live and input their seed phrase. Moreover, home addresses and phone numbers in the hands of hackers also led to personalised email threats as well as potential sim swap attack which could be used to overcome two-factor authentication. + +Consequently, even when using a hardware wallet, it is important to **follow best practice in terms of security**: ignore email scams, be on the lookout for phishing attempt, use authenticator app as 2FA, keep your seed phrase secure ideally in a rented safety box, … + +&#x200B; + +[Ledger Nano X and S](https://preview.redd.it/2zdks68y1px61.png?width=386&format=png&auto=webp&s=045fb513f098cad9004ad9c3a1a7d5f9c529d366) + +# I want to stake my coins, can I still store them on a hardware wallet? + +Some coins can be staked directly from the hardware wallet allowing you to earn interest on your crypto in total security. This is the list at the time of writing so far as I am aware. + +**Ledger Nano X:** + +* Polkadot (DOT): Ledger Live +* Cosmos (ATOM): Ledger Live +* Tezos (XTZ): Ledger Live +* Tron (TRX): Ledger Live +* Algorand (ALGO): Ledger Live +* Cardano (ADA): Yoroi, Adalite +* Harmony (ONE): Harmony One wallet + +**Trezor model T:** + +* Cardano (ADA): Yoroi, Adalite. +* Tezos (XTZ): Trezor wallet + +A step-by-step guide to staking ADA from a hardware wallet can be found [here](https://www.reddit.com/r/CryptoCurrency/comments/n1p1ae/cardano_step_by_step_guide_to_staking_ada/?utm_source=share&utm_medium=web2x&context=3). + +# Do I need to plug my wallet each time I receive coins or staking rewards ? + +No. The private keys is not required to receive coins. The coins are sent to your public address and this transaction is recorded in the blockchain ledger. You will only need to plug the hardware wallet to prove ownership of the coins if you decide to spend them. + +# Any other best practice tip I should be aware of when setting up my hardware wallet ? + +The first time you set up your hardware wallet, it is important to **practice disaster recovery.** After a few years using your device, it will likely be lost or fail and you need to be confident that you can recover your wallet. Thus, after the initial set up and after you have copied your seed phrase, send a very small amount of crypto to the wallet and wipe the device clean with a hard factory reset. Then, re-initialise the device using the seed phrase to recover the wallet. This makes sure you have correctly copied the seed phrase and gives you confidence you will be able to deal with the loss or failure of the device in the future. +# + +[CEO CRUSHING SHORTS - btw CLF is primarily a steel company now](https://preview.redd.it/qdv8nktay7471.jpg?width=1300&format=pjpg&auto=webp&s=918c252fdfa958a55da91548eef98dfb0d945d42) + +# So, you earned money with AMC, BB, CLOV, WISH? What next? + +# I tell you what a stock that is + +1. shorted +2. undervalued +3. primed for a run +4. solid profitable company +5. CEO WANTS TO FUCK SHORTS + +🚀 🚀 🚀 🚀 + +reddit whales also buying in, for example: + +[whales position at the moment, strong at 117k shares of CLF](https://preview.redd.it/q5zat83st7471.jpg?width=1242&format=pjpg&auto=webp&s=f6b43237c26a6f387a14880c4dc80d98a9c04a9f) + +🚀 🚀 🚀 🚀 + +# Why? + +$CLF AKA Cleveland Cliffs is one of the **largest producers of steel in america.** + +Have you tried building a house? Getting gym gear? Did you try to get a huge infrastructure plan going for the US which includes streets, bridges, buildings and what not all built with steel? anything to do with steel **GOT FUCKING EXPENSIVE.** + +**Because Steel is in huge demand, because now that covid is falling back, people want to buy stuff, build stuff and all needs steel. Steel prices went to the moon! THEY FUCKING TRIPLED!** + +🌏 🚀 🌕 + +&#x200B; + +[In a matter of months prices for steel TRIPLED](https://preview.redd.it/bir35uvtt7471.jpg?width=653&format=pjpg&auto=webp&s=aecc3e0e75d8551b90c57135f81c186c0ecc152b) + +&#x200B; + +# WHY $CLF? + +# Because $CLF is a big fucking steel producer, profitable, undervalued as fuck, forecast EBIDTA of $5.6B at a share price of 20$! RIGHT NOW $CLF should be worth at LEAST 35$, and that's not even counting in that HRC prices are over 1600$ + +🚀 + +# SHORTS TRYING TO BEAT DOWN $CLF! 🚀 + +# Look at the chart: + +**Price of steel increases over 50% in the same time, but CLF just trades 2$ higher than it did nearly 6 months ago? HOW is that possible?!** + +&#x200B; + +[2$ in nearly 6 months while the product increases over 50&#37; in price in the same time?!](https://preview.redd.it/uztdva1yt7471.jpg?width=640&format=pjpg&auto=webp&s=c97042edaaa86ab560ecb5b3df38357913928cd5) + +&#x200B; + +How do you explain, that a company that is this big, produces steel for whole america and where the **product price was raised by 50% and PEOPLE ARE STILL GRABBING IT LIKE ITS BLACK FRIDAY**. + +&#x200B; + +Waiting times on steel orders for big companies are as **over 3 MONTHS** and more with the buyers paying any price the company wants. **That means with the same steel output the company now EARNS 50% MORE per ton of steel than it did in january!** + +But the share price only rose 2$ since january, just about 10%? Do you see the problem?? CLF should AT LEAST be trading at 50% more than in january, but obviously, because a company has basic costs (running a furnace, personnel et cetera) - but at some point, with EVERY DOLLAR MORE THE PRODUCT COSTS, THE COMPANY WILL EARN DIRECTLY. + +🚀 🚀 🚀 🚀 + +Let's say producing a ton of steel costs 500$ in total. If the price of a ton goes to 750, to company makes 250$ profit. If the price goes to 1000$, the company instantly **doubles** it profit, with the steel price just increasing by 50%. Now if the steel price goes to 1500!, the company could make 1000$ profit. **Price doubled from 750$ per tonne, but PROFIT QUADRUPLED!** + +Obviously there's a bit more to that, but that's the gist. + +# WHY CLF - A CHAD CEO 🚀 🚀 : + +# CEO LOURENCO GONCALVES is a fucking stud. HE knows the analysts are wrong and he KNOWS that people are shorting his company. And he WANTS TO FUCKING FUCK EM. + +google CLF earnings call transcript + +Read what he tells to journalists and analysts: + +"**And then you say, well, Lourenco, the clients are complaining that they are not receiving steel. Yes**\[...\]. So they are basically collecting what they pointed for and we are taking good care of some of them, **some others we are not taking care** because I don't believe that they don't, they really even belong." + +**THEY JUST FUCKING DONT CARE about people complaining the prices are too high.** + +"**Because we don't need all of this "opportunistic" players in the marketplace. They just destroy, complicate, gossip, talk on the phone, send fake information, do everything that we only done in the marketplace.** \[...\]. **So that's what we were working for. We are doing our mandate. We are doing our job. We are working on behalf of the shareholders of the company.** + +I won't bore you with a ton of numbers that shows that **CLF is profitable** as FUCK, **undervalued** AS FUCK, have a ton of **CASH** and **shorts fucking with them** all the time. Look at the chart and tell me there is no reason with INSANE steel prices the **stock trades at JANUARY levels.** + +🚀 🚀 🚀 🚀 🚀 + +# TLDR: 🚀 + +# $CLF is an american company that makes BANK, earns tons of money because steel prices went through the roof and are still trading at levels they were in january, but the product costs 50% more than it did in january. Their CEO is HELLBENT on crushing shortsellers and bad analysts. + +# Fair price of $CLF should be at least 35$-40$. + +Positions: tons of german call warrants, a load of July 20c calls, Oct 22c calls. About to add more. Obviously no financial advice, I just like the stock. + +&#x200B; + +&#x200B; + +# EDIT: Shorting on fintel: + +&#x200B; + +[GET REKT SHORTS](https://preview.redd.it/6v5gthdkv7471.jpg?width=1397&format=pjpg&auto=webp&s=c9a0cea1111135cdf887326c2f690782d9a7ac00) +So I've been doing alot of research and it seems like there really is very little downside on a spac as long as you buy near the $10 range. Even if you buy at $11 or $12 your max loss would be 10 or 20%. + +Also there is the risk the spac goes nowhere for 2 years (at which your money will be returned to you) and you miss out on those potential gains. + +Am I missing anything else here? + +I'm thinking of parking some extra cash in SPACs since I dont want to invest in regular stocks right now since I find 99% of the market to be current fair value or overvalued. Not many opportunities here. + +I also have a fairly large portfolio I've been adding to for the last 5 years I'm pretty happy with already that I am just holding long term. + +Love to hear peoples thoughts on SPACs. +Beginner in economics here hoping to get into an MA program. What is economics' equivalent of the P = NP problem? What problems are important but do not get mentioned nearly as often as they should? +This is your safe place for questions on financial careers, homework problems and finance in general. No question in the finance domain is unwelcome. + +Replies are expected to be constructive and civil. + +Any questions about your *personal* finances belong in /r/PersonalFinance, and career-seekers are encouraged to also visit /r/FinancialCareers. + +Not sure if this is the best subreddit to put this into but as people in finance work in offices, thought it would be worth a shot: + +I've been working at a Big Four in London for 3 years now and have as part of my work also been to the offices of many firms in various industries and visited multiple company offices as part of job interviews. + +The one thing I noticed is that every single location uses open plan offices. Except for the very top level execs, nobody gets their own office but sits out in the open. At my Big Four, even the partners sit out in open plan offices. I've actually not once seen a cubicle. + +This is of course in stark contrast to films like Office Space and many others which often emphasize the cubicle but I've just not come across them in my life. + +What are everyone's experiences regarding office setup? +FIRE has been on my mind lately, and I was curious if there are any particular part-time gigs that some of you have picked up for the benefits and some side cash, while still maintaining your dignity (while I respect all jobs, I would probably like to avoid retail in most cases, even though many retail focused companies do happen to offer great benefits with part-time work…). +Back before this sub was ruined by the influx of 7 million people who think they are making wallstreetbets with the allowance their wife's boyfriend gives them, some real DD used to be done. Now all I see if people asking who is still holding stocks that have been squozed and are running your leveraged accounts into the ground. + +Today I bring you an opportunity to make money once again. The $RBLX infinite money glitch. For those unaware Roblox is set to IPO soon. What does this mean? Unlimited money for your dick implants so you can finally satisfy your wife like her boyfriend does. + +Step 1) Open position on Roblox after IPO + +Step 2) Stock goes up, make money, and use money to purchase in-game currency in Roblox + +Step 3) Absolutely steez out your Roblox avatar, while simultaneously increasing revenue for Roblox + +Step 4) Roblox beats earnings estimates with increased guidance from new revenue and repeat steps 2-4 forever + +&#x200B; + +EDIT: It is a direct listing, not an IPO, however that has no impact on the glitch. Direct listing just removes underwriting from the process. + +&#x200B; + +For those too retarded to read + +https://preview.redd.it/wxg2covnqwg61.png?width=969&format=png&auto=webp&s=52791124c8772a89454ca0fdc4db153d63fb37db +Link: https://www.wsj.com/articles/dow-2400-anyone-11556549091 + +Moore said that if Trump loses the Dow will crash 91%. Obviously, this is bullshit, but markets do not like it when the Fed's independance is threatened, and it seems like the nominee has a lot of political bias. Do you think this news will affect the market in any way? Not because of his comments, but because a Fed nominee clearly has political bias that could affect his decisions. +In the spirit of generating tax efficient passive income, I have executed a dividend stock carry forward trade (essentially using margin loans to purchase dividend stocks to make money on the spread).  I would like to get this group’s opinion on the strategy. Please let me know your honest feedback and any big issues you see with this. + + +So here is the trade: + +* I took out a $500k margin loan at Interactive Brokers (“IB”) +* The interest rate is roughly 1.25% (yes, that is correct, 1.25%) +* I used the proceeds from the margin loan to purchase $500k in ETV (Eaton Vance Tax-Managed Buy-Write Opportunities Fund) which is a Closed-End Fund +* My purchase price in ETV is $14.80 +* The fund pays a monthly dividend of $0.1108, which equates to a 9.0% yield +* The interest on the margin loan is \~$520/month +* The dividend income is $3,743/month +* This nets me $3,223 in income +* Now most of the dividend payment is classified as ROC (“return of capital”), which means it is not taxed (more [here](https://funds.eatonvance.com/media/2551.pdf) on how this works) + +So here are the pro’s and con’s of this trade: + + +Pro’s + +* **Incredible return** \- I’m making \~7x my borrowing costs on this trade ($3,743 / $520  = 720% return) +* **Passive income** \- I would categorize this as a “set it and forget it” strategy as the income is completely passive; all you need to do is monitor the ETV dividend and stock price each month +* **Tax efficient** \- because most of the dividend payment is classified at “ROC”, the majority of the dividend payment is not taxed at all + +Con’s + +* **Margin Call** \- If there is a sudden drop in ETV’s value or if IB changes their margin requirements there will be a margin call. To mitigate this, I have only taken a margin position where a 50% drop in the security will require a margin call. I can’t do anything about IB changing it’s margin requirements. +* **Margin Loan Rate Changes** \- This rate is variable and can change at any time. Because IB margin loan rates are based on the Fed Funds rate, this is likely to go higher in the future (as we have historically low rates today). Looking at the fed funds rate [over the past 20 years](https://www.macrotrends.net/2015/fed-funds-rate-historical-chart), they have been as high as 4%-5%.  However, even if the margin loan rates go to 4% the return is still 200%. Also, IB has never had rates this high as far as I can tell. +* **ETV share price can fall** \- ETV stock price can fluctuate up and down; given the volatile stock market this is a big unknown; if you look at ETV’s performance since inception (June 2005) the stock is down 1.9% annually.  What got me comfortable is I ran a few scenarios and if ETV’s stock price drops 3%/year for the next 5 years, the return is still 478% +* **ETV can cut their dividend** \- There is no guarantee that ETV will continue to pay a dividend; the last time they cut their dividend was in Sept 2010 (a 17% cut), but it has been steady ever since. I ran scenarios and even if there is a 22% cut in their dividend the return is 547% +* **Worst Case Scenario Can Happen** \- Suppose IB raises its margin loan rates to 4%, ETV’s stock price drops 3%/year AND they cut their dividend by 22%. I would consider this the doomsday scenario. Even if that happens, the return on this trade is 100% + +I would love to hear this group’s opinions on this. I used this [spreadsheet](https://docs.google.com/spreadsheets/d/1TbnLYuqJAN1E_uv8_Tlxeyp3D5Bi83F-gdE2MQ_cGA0/edit?usp=sharing) to run the scenarios. I’m sure I have not thought about all the angles on this. Thank you. +Hi all, + +I recently graduated college last May with a great job making about 80K starting while I’m still living at home. Despite this, I have managed to only save a small amount even though I made 35k last year starting working in July. It mostly has been to being careless with my money even though I have been very frugal up in to this point (less than 1K per month budget in college). I’ve been feeling down recently because of this & was wondering if any of you could elaborate on any small or large mistakes you’ve made on your financial journey. +I realize none of you actually care about making money, but on the off chance I can help one person then this post will be worth it. I have a list of rules I follow when I take positions, and I think you might find some value if you have a similar list. + +1. **Always trade to the long side - do not short.** There is an underlying elevating factor to the stock market - "stocks only go up." Although this is a meme, it's actually true. This means all bearish positions are fighting gravity by default. Go long, or go home. +2. **Pick a basket of individual stocks - at least 4 or 5.** If you have an 80% winning strategy, that means your basket will mostly win. If you have an 80% winning strategy and pick a loser, you're fucked. You work hard for your money, so don't fucking insult yourself by losing it you degenerate. Respect yourself and your money and stop giving it to theta goons. +3. **Only go long in an individual stock once you have a list of conditions**. Here are some of my conditions, and they usually work when I swing trade, as an example: + 1. The stock is currently trading above the 180 day SMA. + 2. The stock has a golden cross on the MACD. + 3. The stock has a candle close above the 9 day SMA. + 4. The day you enter in the position cannot be a new high. + 5. Never hold through earnings. + +These are all elevating factors. **To illustrate this point**, look at RAD over the past few weeks: + +**10/9/20**, you had most of these confirmation points. The trade went flat and you likely would have sold the very next day at a minor loss. I look stupid, right? + +But, look at **11/3/20** \- All of the elements listed above (**Except for #1**) are met, and the stock rallies hard. You could take this trade, but I like to have all my indicators met before I move. + +Then, on **12/2/20** RAD crosses the 180 day SMA (so all elements are met), and rallies again. This is where someone like me comes in. + +**Look at GME:** Yesterday it held above the 180 day SMA, it closed above the 9 day SMA, it had a golden cross, and it doesn't release earnings until March, so you can hold it for a while. You could have seen confirmation yesterday, bought in, and sold out today with a 5% gain. + +**I'm not telling you to copy what I do. I'm just trying to give you a basic, understandable, introduction to some simple technical indicators so you don't get burned.** Or at least, you get burned less frequently. + +**Also, final point: #4**. **Have a plan and stick to it.** Do you know why you have paper hands? Because you do not have a plan. There are lots of strategies online. There are people who only trade 3 bar plays. There are people who trade breakouts. There are people who trade on RSI. I don't care which one you use - just pick one and start making money. The sooner you have a plan, the sooner you will be able to get diamond hands because you'll know when you should enter and exit your positions. + +**Honorable mention:** + +[Tradingview.com](https://Tradingview.com). Check it out - it's charting software in the browser. **It's powerful and it's free.** I had no idea this was a thing until a few months ago. Changed my life and made screening so so so much easier. + +That's it. I hope this helped at least one of you guys not throw your Christmas money into the pockets of someone else. Merry Christmas. +Salutations apes! I hope this message finds you well. + +If any of you saw my previous post you might remember my Europoor perspective of the turning tide a couple months back. If its here [link](https://www.reddit.com/r/Superstonk/comments/nuniy1/the_tide_is_turning_in_us_mainstream_discourse_a/?utm_medium=android_app&utm_source=share). (please excuse my retardedness if this didn't work as intended. + +As explained in previous post i understand how propaganda works. Something previously mentioned in my comments i have a couple of wrinkles on how UK financial regulation and compliance work as this is what i do for irl work. + +I'm going to apply my knowledge on both these subjects to let you all know what I see and have seen happening in the past few weeks, and what I'm worried about. Please note, i will not be talking about what happened with the mod drama, as ultimately this is insignificant outside of this sub. + +1. + +The narrative changed, and we forced it. + +The *naked shorts yeah* comment on cnbc really did open a can of worms and pandoras box within journalistic discourse, as we've seen with Charles Payne's interviews over the past few weeks on prime time TV. This is not withstanding the numerous written articles I've seen produced. + +I've seen a sentiment to disregard these messages and articles because of their sauce (my preference is a proper bernaise with my tendies, there's just something about tarragon with chicken) but the facts of the articles is still 100% true, else they wouldn't publish. There's always a lot of conjecture and padding with the articles *deliberately* written to confuse and obfuscate. + +This can almost always be attributed to an editorial line, this is why most articles seem to contradict themselves, and you see a lot of people doing mental flips to explain away basic fact, this is called cognitive dissonance. + +The reason we encounter *so many * "boomer" "seasoned" yadda yadda investors believing this is because the MSM were in the past genuinely trustworthy sources, when they did actual journalism, before advertising and "promoted articles" (read press release/propaganda) became the norm, especially within local papers. (but that's a whole other thing about journalistic integrity even outside stocks etc. We live in a world of propaganda) + +We forced the hand and now the owners of the media are in damage control. They're going to pander to us like no tomorrow. To placate us and make us feel like we took a win. At this point the HF and institutions are willing to take a small L to keep us off their backs so they can continue with the casino they've built. + +Do not fucking let them. Keep up the pressure and shouting out the *VERIFIABLE* bullshit that if happening. + +As mentioned im a Europoor, and therefore have zero influence on US markets, its up to you guys to appeal to your representatives, because if the US financial markets sneeze. The rest of the world catches a cold. + +However. With what we know now, if the US sneezes right now, global markers are going to catch a cross breed of covid and syphilis. And as any other deviant knows. You ain't getting rid of syphilis and it leads to madness. + + 2. + +My irl work has me worried for the state of markets. + +I can't go into too much detail on this, as it would be very easy for me to lose my job and not be able to continue my career in financial compliance. + +However; + +What i can say is that I'm seeing a hell of a lot of new financial instruments being produced, which provide next to no safety net to average people. There's a reason Blackrock are buying up housing, and it's happening in the uk too. + +We're having people who agree on a price for a +property who have mortgages in principle being usurped by entities who noone can identify buying up in cash. Alot of these properties are then sitting empty. + +Theres something big brewing within the global economic system, something r/superstonk and the legends u/atobitt u/criand et al have started to scratch the surface of. + +TLDR + +The MSM narrative changed, but only because we forced it to, and the ramifications of the ill health are unavoidable. We're approaching a time of extreme instability and we must protect are communities from the global forces. + +That can only be done through local organisation. And i would encourage every ape to become active in helping their local communities NOW before the shit hits the fan. + +I love you all. + +Ps. Shoutout to u/broviet_v2. I wish you'd post again. + +Peace and love apes. + +Edit, user tags cus me spelling is dreadful +What a strange coincidence that GameStop decides to change their investor website the day I release my DD. I tell myself that RC read my DD, felt I missed something because the redesign was in-flight so he made a call to get the changes pushed immediately. This is just a fantasy in my head and it probably is just a coincidence. Either way, I think it's extremely bullish that the company redesigned their investor portal **days** before reporting earnings. We **need** to talk about this, it's wild. + +[news.gamtestop.com](https://news.gamestop.com) + +[9/4/2011 archive](https://web.archive.org/web/20210904143324/https://news.gamestop.com/) of old website + +# GameStop sets a new tone for investors - GameStop is a single brand + +The message of "We're a family" with all of the different brands is no longer in the main page. GameStop has been re-branding and this is an official step in what is being shown to investors ***before*** earnings call. Maybe they want new potential investors to see the refresh after they crush earnings.\* Maybe they will be announcing that the GameStop rebrand is entering it's next phase.\* + +\**tit jacking speculation* + +[WE'RE A FAMILY...well we used to be but GameStop was the one that made it](https://preview.redd.it/5lrxcmd2d0m71.png?width=2048&format=png&auto=webp&s=3de91a973f13e895ef7ec4bca41d2c5ccd4f800f) + +[Much cleaner and simpler - notice there is no \\"home\\" landing page yet](https://preview.redd.it/r931x1pad0m71.png?width=2070&format=png&auto=webp&s=3100eba38a2431e1ec402579f559b18901b21f30) + +GameStop's home landing page is now a focus on investor relation calls with the financial reports. I actually think this page isn't complete yet and I expect a little more text/something to enter the page for the random page visits. This personally jacks my fantasy story that they pushed what was "needed" for me to find and RC just said *we don't need the home page complete yet, that can be right before earnings call*. I'm jacking myself a little here and I hope you all don't mind. + +They even removed the brand icons at the bottom of the page: + +[Old brand icons on news.gamestop.com](https://preview.redd.it/rc8pmyybm0m71.png?width=1996&format=png&auto=webp&s=339d9a923d744c9b6295b2e845ea5de6a217b0a2) + +# The Background Image + +There are 5 menu options at the top of the site and each page has a different image. I've seen plenty of other posts about this so I'm not going to go into details on "what" each image was. The one people probably care about most is that under "SEC Filings" is the Crash Bandicoot Photo: + +[Crash Bandicoot 4: It's About Time - https:\/\/en.wikipedia.org\/wiki\/Crash\_Bandicoot\_4:\_It&#37;27s\_About\_Time](https://preview.redd.it/etljunuzd0m71.png?width=2062&format=png&auto=webp&s=348c15c6781f7a86702f928f777b98d4e8428063) + +I also inspected the HTML elements to see if there was any nuggets that pointed to more, but there wasn't. And don't let the "Hero-Image" in the static file name, but "Hero-Image" is common dev talk for the main image on that page. Every page has the same "Hero-Image" in the image title. + +https://preview.redd.it/ngfplo6cf0m71.png?width=2408&format=png&auto=webp&s=a29ae9c1dc07c8bcf4ee50a1bd3531bea510fd0b + +# [Corporate Governance](https://news.gamestop.com/corporate-governance) + +There is a lot to unpack in this section. It lists "The Board of Directors" and "Management" with some short descriptions about each members. The page seems incomplete, Jenna Owens and Dan Reed aren't listed in the new website. This is probably another section that isn't complete yet. Another difference I noted was the Committee Charters and Corporate Governance has been trimmed back: + +https://preview.redd.it/vip5qauyg0m71.png?width=2410&format=png&auto=webp&s=35e6b099fb04119e721781f1cb0a50ccbe444207 + +https://preview.redd.it/kifn4kuzg0m71.png?width=2386&format=png&auto=webp&s=dd6e799e1c36f8e80de04c454ecf9eb9be2c3219 + +Why were those documents removed? Well they aren't in this reporting period anymore and completed at tend of December 2020. Feel free to use [archive.org](https://archive.org) to go look at those files. + +# SEC Filings + +This just looks like a nice redesign for searching through past filings. The file hosting urls look similar and the filtering criteria all looks the same. The search doesn't search individual filling documents text, so I don't think there was an upgrade to that experience. + +# Newsroom + +Much cleaner UI with a lot of the "Media Resources" stuff cut out, I don't think GameStop needs the Media contacts anymore. + +https://preview.redd.it/j1yx5rfii0m71.png?width=2406&format=png&auto=webp&s=1b28ef0cc34d95d7daafb3218c5f6a31e20a47d2 + +# [Contact Us](https://news.gamestop.com/contact-us) + +Seriously Media, you just get a number and email. Oh Stockholders have that as well! + +https://preview.redd.it/xwctrxfbj0m71.png?width=2394&format=png&auto=webp&s=6e2945a9a9062c14750a53515e0c66d4cdfab629 + +*But wait...wasn't that information there before?* + +https://preview.redd.it/evksxmolj0m71.png?width=2390&format=png&auto=webp&s=566014c6bd126de79e873eb033d8aad5aa6fde98 + +You may have missed the small detail there even with my drawn on boxes. GameStop has changed how they handle public relations and it would seem the old phone number listed for Media is now the newly listed number for stockholders. I gave it a call (817 number), GameStop Investor Relations. I gave the new number a call, no voicemail setup for it so can't tell much. It does seem that GameStop now has separated the efforts from Stockholders and Media, I'm sure both have had very large changes is demand. + +# Newsletter + +Just a signup page... + +https://preview.redd.it/0evv72umk0m71.png?width=2402&format=png&auto=webp&s=1e301b810a92ed8e7f88ce70f22e7b0f91f17622 + +GameStop actually took away some optionality here + +&#x200B; + +https://preview.redd.it/o6gvv6axk0m71.png?width=1950&format=png&auto=webp&s=4268df0bc9198e92f9e5e4c475bda07d4dbf6e8a + +# Conclusion + +GameStop's overall redesign of their [news.gamestop.com](https://news.gamestop.com) investor portal is a great first step. It looks like this is a work in progress and I'm expecting to see updates over the next couple days leading up to the earnings call. I love the simplicity and it's much easier to navigate to find what you need. The biggest news is definitely GameStop as a single brand on the page. + +**TL;DR - GameStop brand consolidation has officially happened on the investor portal** + +**TL;DA - GameStop, It's About Time** ***(it's from the crash game above)*** + +Edit 1: Another user found the GameStop svg logo icon has some strange things going on with the trademark symbol, very intriguing: [https://www.reddit.com/r/Superstonk/comments/pjf055/diving\_into\_ubaxyboos\_find\_on\_the\_gamestop/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/pjf055/diving_into_ubaxyboos_find_on_the_gamestop/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) +I thought this story of a 19 year old sucked into the world of the "gig economy", who ended up with spiralling debt and eventually committing suicide was a cautionary one. + +If financial education at school necessary? Should councils be allowed to let debt for fines spiral out of control like this? + +http://www.bbc.com/news/resources/idt-sh/How_debt_kills +I'm just 22 and a work full time and go to college full time also, but, obviously I'm earning (17k-ish) a year + +How do you find a girl who wants to be with you? Because obviously, no girl wants to be with a broke dude driving an old corolla. + +I started to talk with this gal who recently came to my building at the university but the other day I saw her going with this guy on his brand new car, I mean... While my car barely runs. I just don't know what to do, I don't consider myself ugly and also, I've been hitting the gym since I was 15, it's money the only thing that matters? + +Everything is just so lonely... I can't even go out with a girl because I don't have the money to pay for a fancy place and when they realize they just stop talking to me and suddenly they're with other guy... When I come home and tired there's no one to talk with, no girl who can help me bear this difficult time. I have to help my momm and my grandma thus, I can't save enough money for a good car. I just can't. I'm doing everything on my power to help my family but at the end of the day is just so worthless. + +The pain is just so big, so frustrating, so difficult and I don't know why... Wish I could stop feeling the way I feel but I can't, I just can't. How do you deal whit this pain? What do you guys do in order to feel less miserable? What can I do to improve myself so I can have at least a girl to talk with? How do you cope with loneliness? + +Thanks for reading. +Sorry for this stupid rant but here we are. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +This subject has come up several times recently in various forms: people asking the probability of surviving to various ages, or asserting that they are not worried about living to age X, that they aren't bothered if they can only receive basic care, and so on. + +A very basic principle of long term financial planning is that you cannot predict how long you will live, or your future state of health. For working age people, survival into our nineties will be a frequent event. So will experiencing years of disability requiring assistance with activities like feeding, dressing, washing and toileting. + +These aren't unfortunate events, they are normal things that happen to normal people. You have a responsibility to your future self, and if you exercise, insure your belongings, maintain your home - why not this? +TL:DR; We analyzed data from 25,000 investors and found that being above average on 4 key metrics on average doubles investment returns and improves risk adjusted performance by >200%. + +More detail on the data: + +70% of personal investors fail on one or more common investing mistakes that can significantly affect performance. We analyzed 25,000 investor portfolios to measure the impact of 4 vital metrics: + +1) diversification, 2) volatility, 3) trade frequency and 4) cash allocation. + +30% of investors passed (i.e. are better than average) on all 4 metrics – these investors have one year returns that are double those that fail on two or more metrics and 50% better than investors failing just one test. + +On a risk-adjusted basis there is a staggering 2.3x improvement in performance between those that pass all metrics and those that miss one or more. (The Sharpe ratio, a performance metric that adjusts for risk, improves from 0.24 to 0.78 for users that are above average on all metrics). + +While holding less cash and trading less often are self-explanatory, diversifying and managing volatility are actually correlated to another simple behavior: more funds. Users who passed both diversification and volatility tests had a Fund/Stock ratio of 75%/25%. Users that fail both? 15%/85% the other way. By allocating more into diversified funds, ETFs, or fund based automated services like Wealthfront and Betterment, investors could see performance improvements and reduced risk exposure. + +IMGur Album with Data: +http://imgur.com/a/4iqdp#0 + +EDIT: + +Source: https://www.openfolio.com Community Dataset from over 25,000 investors + +Our data was featured on Business Insider: http://www.businessinsider.com/openfolio-tuneup-analysis-2015-4 + +X-Post on r/DataisBeautiful: http://www.reddit.com/r/dataisbeautiful/comments/317pca/70_of_investors_are_making_basic_mistakes_which/ +**Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating.** + +*** +- + +###Disclaimer: + +Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here. + + +**Please be careful about what information you share and the actions you take.** Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams. + +*** +- + +###Rules: + + - All [sub rules](https://www.reddit.com/r/CryptoCurrency/about/rules/) apply in this thread. The prior exemption for karma and age requirements is no longer in effect. + - Discussion topics must be related to cryptocurrency. + - Behave with civility and politeness. Do not use offensive, racist or homophobic language. + - Comments will be sorted by newest first. + +*** +- + +###Useful Links: + + - [**Beginner Resources**](https://www.reddit.com/r/CryptoCurrency/wiki/beginner_resources) + + - [**Intro to r/Cryptocurrency MOONs 🌔**](https://www.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) + + - [**MOONs Wiki Page**](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki/) + + - [**rCryptoCurrency Discord**](https://old.reddit.com/r/CryptoCurrency/comments/kth255/join_the_crypto_currency_discord/) + + - [**r/CryptoCurrencyMemes**](https://www.reddit.com/r/cryptocurrencymemes) + + - [**Prior Daily Discussions**](https://old.reddit.com/r/CryptoCurrency/search?q=title%3A"Daily+Discussion+-+"+&restrict_sr=on&sort=new&t=all) + + - [**Monthly Skeptics Discussion thread**](https://www.reddit.com/r/CryptoCurrency/comments/n26p85/monthly_skeptics_discussion_may_2021/) +I have no idea if this will mean anything but I’ve been lurking the SEC page waiting to see if it would be cancelled again. + +It’s been almost an hour since it’s started and no cancel yet. + +https://www.sec.gov/news/closedmeetings/2021/ssamtg060321.htm + +If anyone knows anything about this..feel free to let us know! +Hey all - I'm turning 18 soon and I'm thinking of investing solely in dividend stocks. + +I've been lurking this subreddit for a while and I've compiled what I believe is the best dividend portfolio. Please feel free to give me advice in the comments on which stocks I should add or remove! + +The goal is to build a method of passive income while in college. + +[aryan.withlaguna.com](https://aryan.withlaguna.com) + +Edit: Thank you to everyone responding! And also big thanks to u/TimeIntention for making this possible with withlaguna.com ! +This guy invested $25,000 two years ago and grew it to 365,000 today and he’s only doing passive investing like dividends. His YouTube video thumbnail history shows almost monotonically increasing portfolio size which looks incredible. Does anyone follow him seriously? Is this real or fake returns? https://youtube.com/c/JosephCarlsonShow +I lump summed in November 2021 and am down as much as QQQ. Sick of the stress and want to change things up. What are some examples and favorite ETFs here? +Hi. I don’t have any QYLD so this isn’t personal - I do not have skin in the game. Just an observation after pretty rudimentary reading of how QYLD works. If I am wrong - please let me know. + +For most, reduction of income volatility is a huge reason to invest in dividends. Dividends tend to be sticky so even if market tanks, you will still keep getting the same or even increased stream of dividends. Yes I know - sometimes they get suspended… but it isn’t the norm. + +Now it is my understanding that QYLD pays their dividend as a % of QQQ index. So if you are getting $100/month now, for example, and QQQ is down 25%, then you end up getting only $75? (Is my understanding correct?) + +If above is correct, then I don’t really see any benefit of it: no stability of income stream, subpar growth, and 60bps fee. + +What am I missing? +For more info, im 25 with a grounded solid career in tech making between 75-80k a year. I can afford to invest about 500/month into something as well as 55k in savings account that I can also use for investments, but I'm looking for some guidance from you guys on what and where I should make these investments. Sorry for the general question, but hoping you can help +Is anyone skipping funds, bonds, commodities and just doing a portfolio of dividend stocks and cash with the aim of never selling and living off of the dividends in retirement? Is this a sound strategy? +Hey Everyone - + +I'm struggling with leaving money on the table and losing social status when I retire. + +Not gonna lie, I'm close to FIRE and am realizing that walking away from a job that pays 1M+ a year is not easy. Deep down inside, I just want more money. I don't need it, I'll retire FAT and live in a HCOL area pretty easily. + +How do folks deal with this ? + +I thought about two things: + +\- Look into a temp leave / sabbatical for a few months and see how I adjust + +\- Look into getting on the board of company or two so I can still do work in temporary manner + +The 2nd option I believe will require a good bit of networking and I'm researching ways people do this right now. I'm sure of you have done this - fwiw, my background is product/engineering team leadership. + +Any articles / books on this topic? Any insight folks can provide +The Gamestop circus in Washington continues as politicians prove how little they understand about what they are tasked to oversee. + +The only real question they need to answer is this. Why are shareholders not compensated when their shares are lent out to short sellers? Today, the brokers receive up to 25% interest when they lend out our shares to shorts. The shorts trying to drive down the value of our shares. + + +It's like this. Imagine you drive to work and park your car in your company's parking lot, and your company got to rent out your car to an Uber driver while your inside working without you knowing. + +That is the flaw in the system, not any of the stupidity the politicians are wasting their time on. +Just want to go offer an alternative to making money. Instead share mine and ask others how they save money. + +99% of the stuff that comes into my house for myself, wife and kids is either 2nd or a lot of the time free. We are on all the local Facebook groups for free stuff. + +We have got so much stuff from them and saving easily hundreds. For example, we have just got a 3 x 9 meter gazebo all there worth £300 because someone was throwing it out because a couple of pile broke which was easily fixed by putting a sleeve on a slightly bigger pipe on. + +I made my daughters a tree house out of 100% free wood people were getting rid of. Most of the kids toys were free, that we then pass on as they get other toys so they always have new toys without costing us anything + +I honestly can’t list all the amazing stuff we have got. Not only that it helps us clear out stuff we don’t want too. + +Yellow sticker food shopping, we get lots of our food reduced and where possible freeze it. Or we also use Olio and get lot for free. The app uses volunteers to collect food from supermarkets and then redistributed in the community. + +TopCashback, but be careful and make sure it is a good deal as many places put prices up when using affiliate links. + +What else is it people do to be more frugal? +Probably a very basic question but when looking to purchase a rental property from another owner what documentation should be requested? Especially if there are already tenants in place. Is a rent roll and copy of lease sufficient for judging whether to keep tenants on? How about major repairs/renos? + +Also, when is an appropriate time to ask for this information? Once an offer is accepted, I assume? + +Thanks in advance! +I don't know how these people get my number, but every day I'm getting multiple people calling about buying my places. I have a few remote places in high growth areas which maybe is the cause of it. But it's driving me nuts! I can't block them fast enough! +Looking at maybe starting a senior 'group home', but when I look at definition of a group home, it says most provide meals, laundry, activities. + +Is there a different name or category for just renting to 55+ without providing any services, like the old TV show *Golden Girls* for those old enough to remember? +Happy New Year ladies and gents! + +Today is the day, going to open 2 Vanguard stocks and shares ISAs for us (in my name) and our daughter (in my partners name) due to low costs. Looking to invest, £100pm into both for a long period 20+ years. Looking to invest in 2 global index funds. Do fancy FTSE Global All Cap Index Fund - Accumulation and FTSE Developed World ex-U.K equity Index Fund Accumulation. + +What do you think? Good choice or would you go for something else? +I’m holding X shares. My dream is to have a Porsche, or even two, but with you dumb fucks making all that god-tier DD so sweet made me think that we’ll reach the millions and I haven’t stopped dreaming about these two Porsches I want. + +Are we actually hitting the millions in dollars per share or should I come down to earth and expect several hundreds of thousands? I want to be realistic so I don’t sit depressed in my 911 Turbo S. + +And since it’s Sunday and markets are closed, why don’t you share your dreams and goals with the future unrealized profits? +Ethtrader has a great history of being respectful and informative of people seeking to understand Ethereum. The recent attention is likely to be quite a draw, not to mention we seem to be experiencing a wildfire of positive momentum in development, ICO, mainstream press, etc. Be patient. For some, this is their first time thinking about magic internet money. +Tweet and screenshot by Senior Vice President of Public Policy @ Yelp: [https://twitter.com/lutherlowe/status/998397833987416065](https://twitter.com/lutherlowe/status/998397833987416065) + +Video \(around 7:00 mins\): [https://www.cbsnews.com/news/how\-did\-google\-get\-so\-big/](https://www.cbsnews.com/news/how-did-google-get-so-big/) + +https://i.redd.it/d79xib9go6z01.jpg +There's another post about BAT earnings in BRAVE, and many comments discussing how to withdraw the earned BAT tokens, and how the tokens are "worthless" because difficult to withdraw. + +**My take on this is: Don't withdraw your BAT tokens earned in Brave. +Instead, set up the auto-contribution that rewards websites and content creators with your earned tokens.** + +10 bucks a month is a rather small amount for us to collect, but it goes a long way to reward your favorite content creators on the Internet. People who would otherwise rely on ads (that brave hides...) or spontaneous donations. + +Personally, I rarely contribute to anything online and always get the free content because I can't be bothered making payments - even if sometimes I feel that some content creators deserve a reward. +But with BRAVE, this is done automatically for me. +**This is decentralization. Support it.** +For those who live off investment income (primarily), how do you manage your withdrawal and payments to yourself? + +For instance, do withdraw / sell off a large chunk to use for the remainder of the year? Do you use PAL’s and then pay it down over the course of the year when it makes sense? Do you live off dividends and income producing investments only and leave capital investments to grow? + +Just trying to learn about different strategies and the pros of each. Please, replies from personal experience only. Thanks in advance! +# Kicking the Can – FED STYLE + +Thanks to /u/nat2035 for the write-up. I'm posting on his behalf as he lacks the karma to post. + +Hello fellow Apes, + +this is my first little "DD“, I am not a native speaker / Europoor so please forgive my language barrier. I also can’t post on SuperStonk because of Karma restrictions so thank you for uploading u/dreadfulol. Also I eat crayons for a living so this isn'T Financial Advice or anything. + +I was listening to the good old JPOW going on about inflation and other really really boring things like inflation expectations, MBS purchases and other nonchalant FED business when I started thinking…. + +So why in the hell would a central bank / FED, that is currently hitting its inflation targets AND projecting future inflation to rise (PPI 12Months coming in at 5.3%)¹ want to keep on buying the treasuries (that are needed by Banks because of the new collateral quality requirements) AND start buying **at least 40B MBS** every month until “…until substantial further progress has been made toward the Committee’s maximum employment and price stability goals….”² ? + +What the FED is basically saying, is that its current level of quantitative easing (QE) isn’t working and they need to buy more assets/treasuries ergo introduce more liquidity into the market for better achieving the goal of price stability (aka inflation) and maximum employment.This FED- view is contrary to the emergence of new data (as expressed by a Bloomberg journalist in the QA at minute 54:40)³ which is contradicting the current FED-thesis (that the inflation bumps are transistory/temporary and that the FED framework which was of course defended vigorously by JPOW is underestimating real inflation concerns and the rising expected inflation projections) and also turning a blind eye to the systemic risk of too much liquidity in the market. + +So why would the FED do this, knowingly accepting higher inflation while simultaneously further increasing liquidity, accelerating the growth of the asset price bubble and therefore elevating the overall risk in the markets? + +Here is my take; + +1. **Not tapering and introducing more liquidity**Decreasing QE would have tapering effect on the US economy and credit availability, but more importantly would have caused rising interest rates for RMBS and CMBS (residential and commercial mortgage backed securities) as well as further increased the variable interest rates for ABS (Asset backed securities like car loans etc.)We all know that delinquencies on credit loans, mortgages and commercial real estate have skyrocketed during the pandemic but where statistically cancelled out by various executive orders. In their thinking if you are insolvent but you don’t have to declare insolvency due to an executive order you are not really insolvent y’a know \*nudge nudge\* See the following chart for better context: + +&#x200B; + +[Delinquency Rates over time](https://preview.redd.it/9a6xbkp8et571.png?width=1173&format=png&auto=webp&s=9284ea04449d57424e08b2a83778d402a6b3833a) + +So the statistic looks really good, although, in reality, you are about to witness a MAJOR correction in delinquency rates, Non-performing loans, etc. ⁴ + +2. **Increasing Asset Purchases especially new MBS Purchases**Looking at the MBS purchases2, do you remember the DD from some weeks back (can’t find the link), where it basically stated that commercial banks were inflating the income values of the applicants/business so that their revenues, risk KPIs, etc. looked a lot better than they actually were?Combine that with the regulation that all the dog-shit MBS/ABS could not be used as collateral anymore and the banks start having a **huge** problem in their balance sheet equation. They can’t get rid of these loans like they used to at face value, they are not priced correctly (overreporting good revenues/income leads to a lower risk premium paid on the interest side and higher ratings from S&P, Moodys) and inflation is slowly but surely crippling the asset side of these commercial banks and thus causing real losses to their balance sheets. + +Well, in comes the FED and starts buying up these shitty loans which then leads to + +a) A constant demand surge in MBS purchases so that the banks’ balance sheets remain balanced and nice and orderly + +b) Higher prices of these assets in general on the balance sheet of the banks (helps them out a lot) + +c) The full absorption of the incoming inevitable losses of these loans due to inflation being higher than the risk-premium adjusted interest rate being paid on these MBS + +This basically is a transfer of real incoming losses from the banks balance sheets to the FEDs balance sheet therefore protecting bank profits while monetizing MBS losses through the printing press ergo higher inflation.In Germany we have a saying that goes like this: “For Banks, profits are privatized, while losses are shared with the public” + +Also they have stated that “…Increase holdings of Treasury securities and agency MBS by additional amounts and purchase agency commercial mortgage-backed securities (CMBS) as needed to sustain smooth functioning of markets for these securities.” They are giving themselves a blank-check for buying CMBS if say, I dunno the CMBS market starts taking a major dive due to…hmmm inflation and delinquencies maybe??? I wonder who would profit from those purchases \*Stares at Goldman, JP and Co\* + +3. **RRPs and SpEcIaL Purchases** aka “We will crush you with more money than you can fathom”So the FED is continuing to do the overnight RePos and Reverse RePos, no surprise here, but the fine print actually says something **WAY** more disturbing: + +“Conduct overnight reverse repurchase agreement operations at an offering rate of 0.05 percent and with a per-counterparty limit of $80 billion per day; **the per-counterparty limit can be temporarily increased at the discretion of the Chair.**”² So our belief that once the RRPs hit 80B per counterparty would stop the can-kicking just flew out of the window. Also please keep in mind, that the 80B were already a **166% increase** from the 30B that it was prior to the change. So the FED is basically saying, if you need Cash **or** Collateral, I got you Fam ;) + +Now what does all this mean in the grand scheme of things and especially for GME: + +1. The FED under no circumstances wants any blame landing at its door for a “slowing” of the economy. Not from inflation, liquidity problems, bank balance sheets being fucked up or any bad thing. They are the fairy godmother for all wishes (more liquidity, dog-shit MBS transfers, accounting bullshit bingo, whatever you banks want/need I will facilitate). +2. The FED also realizes that inflation is here to stay, but can’t say so and do anything about it without setting off a “taper-tantrum” ⁵ and risking the economy. So they shut their eyes, ears and mouth and pretend everything is OK + +&#x200B; + +[IMHO this is an accurate description of the FED, SEC, DTCC, OTC...](https://preview.redd.it/h9lle11det571.png?width=700&format=png&auto=webp&s=dda67da06d5442f7e3629c0c13dd15014e8e0807) + +3. They are actively encouraging the banks to keep on can-kicking this issue until some external event (Archegos anyone?) sets off this bomb and they can convincingly say “If Hedgefunds lie on their short sales aka marking them long, increase their exposure and leverage to unsustainable levels etc. it can’t be our fault! We tried everything to mitigate the risks.” + +4. Inflation **will** be the reason for this default event and then setting this thing off into Andromeda. Somewhere in the system, some bank/hedgie/family office will suffer losses from one of their other positions/bets that are too great to recover from and default, kicking the MOASS off.I am **also 100% sure** it WILL not be a SHF going bankrupt because of GME, but more likely a non-event (some numbers going against the predictions, profits plunging, default of a mortgage lender, something like that) that in itself is a small thing, but is the last straw that breaks the camel’s back.I am sure Citadel, JP Morgan, Goldman, DTCC, OCC, and all others have their eyes pierced on their “Bankruptcy Jackpot” Short Bets and the huge short exposure these entail, so that the focus on other issues may be obfuscated. + +Also, inflation is the only event in the financial sector that basically scares everyone. Fixed Income values decrease because the real value of the nominal amount decreases and the paid interest is worth less. Stocks go down because of the discounted future earnings decrease due to a higher discount factor. Interest rates rise, so that leverage and credit get more expensive. + +**For GME:** + +In order for this MOASS to start we need to HODL, Buy more shares and buy more from GME. Q2 numbers need to be at least the Q1 numbers so that no one can say "Well, Q1 was just a lucky break, but now it’s all over!" + +The fundamentals are there but we are literally fighting every single rich MoFo out there + the institutions that were supposed to protect the common folk (Congress, SEC just to name a few) as well as truly evil human beings, that thrive on human suffering and have no problem with sacrificing thousands if not millions of people (2008 crisis, the great depression) as long as they have their mansions, yachts and private jets! + +Stand together, HoDl Fast and Stay excellent + +TL;DR: The FED is actively kicking the can down the road for the banks by providing more collateral, liquidity and safety nets (new MBS purchases). They know the MOASS is near, so they rather risk having very high inflation and neglecting their main reason for existing (price stability and maximum employment) than being responsible for a tapering event that would slow down/ stop the music in the greatest leverage and credit binge in history! + +PS: A big shout out to everyone that made this DD possible, namely: + +[u/dreadfulol](https://www.reddit.com/u/dreadfulol/) for the most awesomest of youtube streams every day. Brad you are exactly the type of person this world needs more of! + +[u/-TheFisherman-](https://www.reddit.com/u/-TheFisherman-/) for his encouragement for making this DD + +[u/AbleHunter](https://www.reddit.com/u/AbleHunter/) for spell-checking and spit-balling theories + +[u/rini](https://www.reddit.com/u/rini/) for whale calling during troubled times and increasing the stock + +Thank you all for making this journey so incredible and for all of you Apes carrying the torch of enlightenment! + +Sources: + +1 [https://www.bls.gov/news.release/pdf/ppi.pdf](https://www.bls.gov/news.release/pdf/ppi.pdf) + +2 [https://www.federalreserve.gov/monetarypolicy/files/monetary20210616a1.pdf](https://www.federalreserve.gov/monetarypolicy/files/monetary20210616a1.pdf) + +3 [https://www.federalreserve.gov/monetarypolicy/fomcpresconf20210616.htm](https://www.federalreserve.gov/monetarypolicy/fomcpresconf20210616.htm) + +4[https://fred.stlouisfed.org/graph/?id=DRSFRMACBS,DRCRELEXFACBS,DRCCLT100S,DRCCLACBS,DRCLACBS,DRALACBS](https://fred.stlouisfed.org/graph/?id=DRSFRMACBS,DRCRELEXFACBS,DRCCLT100S,DRCCLACBS,DRCLACBS,DRALACBS), + +5 [https://www.investopedia.com/terms/t/taper-tantrum.asp](https://www.investopedia.com/terms/t/taper-tantrum.asp) +I’m a tax-preparer, and when I’m assigned to work on the tax returns for relatively high-net worth individuals, they frequently have 20+ K-1s. They’ll be a 0.00001% owner in a ton of different publicly-traded partnerships. On the other hand, most middle-class individual returns I work on simply have a 1099-Div from Charles Schwab or wherever. It got me wondering, why do the rich people’s investments look so different from middle class’s investments. Should middle-class people try to adopt more of the investing strategies of the wealthy? +Thank you. This community has given me hope. Hope for a better world. For so long now I have been so disillusioned with this world, with how society works, how we operate as a species. I've felt completely alone. My honest hope when first investing into GME back in January was just to make enough to have a deposit for a flat or something, get my foot on the ladder and start living. But now, I see a group of people (apes) who are fighting alongside me. For a better world. One where we, as humans, can all live alongside one another without disdain. We aren't there yet, but what we are doing as a community is taking a long stride in the right direction. I am so proud to be a part of this community, so thank you, and I'll see you on the moon, in a better world. 🚀 +I should start off by saying that I am a dividend growth investor. I usually like investing in stocks where the risk vs. reward is appealing. In my opinion, Lockheed Martin fits into that category and is one of my largest positions. + +BASIC COMPANY INFORMATION + +Lockheed Martin is aerospace and defence company which provides very high-end military equipment. Aircraft is where they particularly shine with the F-35 accounting for about 30% of the company's revenue. + +The lion's share of the company's revenue comes the united states government. Most of all aircraft used by the air force comes from this one company. + +CEO INFORMATION + +Lockheed recently announced in 2020 a new CEO to run the company. His name is Jim Taiclet .While having several years of experience with Lockheed, his previous experience as CEO was not with another defense company. + +Most of his career was spent running the successful REIT known as American Tower (AMT). The company has been very successful both during and after his tenure. (Which is another great dividend growth company I might add). + +https://www.lockheedmartin.com/en-us/who-we-are/leadership-governance/james-taiclet-joins-lockheed-martin-president-ceo.html + +DIVIDEND HISTORY/SAHRE BUYBACKS + +Quarterly Payout (At A Glance) +2020 - $2.60 +2019 - $2.40 +2018 - $2.20 +2017 - $2.00 +2016 - $1.82 +2015 - $1.65 + +Dividend Yield = 2.68% + +Payout Ratio = ~40% (Very Safe) + +Let me start be saying that this company is EXTREMELY profitable. The company is currently on an 18 year consecutive dividend streak. Not to mention the company buys back BILLIONS of its own stock year in and year out. I fully expect this company to be a dividend aristocrat in a few years. + +The dividend yield is about double that of the S&P as of today and only has a Payout Ratio of about 40%. This means that not only does this company has a good yield while buying back stock, but this company can EASILY afford to maintain and RAISE the dividend over time dramatically. + +https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/lockheed-ramps-dividend-8-3-114733950.html + +https://investors.lockheedmartin.com/stock-information/dividend-history + +MERGERS & ACQUISITIONS + +The company has a long history of M&A activity and the most recent example of this Aerojet Rocketdyne (AJRD). This is yet another example of the company using its financial fortress of a balance sheet and exemplary cash flows to acquire other businesses. + +AJRD is a space and aeronautics company which could potentially extend more deals with NASA and the U.S. government. This was recently announced about six months ago in December 2020 and is likely to finalize in 2021. + +https://news.lockheedmartin.com/2020-12-20-Lockheed-Martin-to-Acquire-Aerojet-Rocketdyne-Strengthening-Position-as-Leading-Provider-of-Technologies-to-Deter-Threats-and-Help-Secure-the-United-States-and-its-Allies + +FINANCIAL INFORMATION + +The company has incredible financials. The balance sheet is a financial fortress. The debt load is very controllable. Cash flows continue to pour in record numbers year after year and 2021 guidance issued by the company expects record revenue and record EPS for the year. + +The Biden administration just issued an increase in defense spending of about ~1% earlier this year. All the more reason for this company's financials to continue to stay healthy. Financials linked below.... + +https://finance.yahoo.com/quote/LMT/balance-sheet/ + +https://finance.yahoo.com/quote/LMT/cash-flow?p=LMT + +https://finance.yahoo.com/quote/LMT/financials?p=LMT + +GROWTH STORY MOVING FORWARD + +LMT is expected to grow top-line revenue numbers 4.50% in 2021 and 3.70% in 2022. Earnings per share for the company in 2020 finished at $24.58. This is expected to grow to $26.68 in 2021 and $27.90 in 2022. + +Contracts are usually signed many years in advance. Revenues can be easily forcasted for the next several years due to the timelines of the contracts. Furthermore, innovation is not only encouraged, but expected by shareholders AND the united states military is order for our nation to maintain relevant in terms of weaponry. + +New age military equipment is usually pretty "hush-hush" on what is in the works but Lockheed Martin does disclose some of these new products including technologies such as new highly intelligent drones, missile systems, and even targeted lasers. + +One thing is for sure, the military will continue come out with bigger and badder weapons. Who will likely be selling it to them? Probably good ole LMT. + +Newer acquisitions such as the recent AJRD deal allows Lockheed to also focus on other products in the space category and is another wildcard with some potential. + +https://finance.yahoo.com/quote/LMT/analysis?p=LMT + +COMPETITIVE ADVANTAGE/ BARRIER TO ENTRY + +If you were given 10 million dollars, and your goal was to create a globally recognized soda brand, could you get it done? Maybe. What about 10 million to create a social media platform? Also a maybe. But could you start a aeronautics and/or defence company with 10 million budget? Absolutely not. + +The regulations are incredibly strict. The demand for capital is VERY HIGH with projects frequently running into the billions of dollars. Switching from one business to another poses risks for the government and our military and are usually avoided. + +This makes the U.S. government very loyal and sticky to LMT business and this is very likely to continue. While there are competitors in the space....Lockheed continues to dominate this market. + +VALUATION (WHY IT'S A GREAT BUY IMO) + +As mentioned earlier, the company is expected to produce $27.90 in EPS in 2022. Based of of today's price of $390, this gives this company a forward PE ratio of ~13.9. This is an EXTREMELY low forward PE ratio for a company putting up record numbers and dominating the market that it operates in. + +This is even more impressive considering it's still off a fair amount from it's previous all time highs. I am very bullish and this is one of my largest positions. I am not remotely interested in selling. I am buying at these prices or really anything even close to these levels. I wouldn't sell a share if this company were to go to $800 a share tomorrow morning. + +https://finance.yahoo.com/quote/LMT/analysis?p=LMT + +RISK FACTORS TO CONSIDER + +Almost all revenue comes from one customer (the government). It is steady and consistent but if the government were to fall out of love with Lockheed then this company would be negatively impacted. + +There aren't many who could take down LMTs throne but their main competitor is Boeing. Boeing has the capital and leverage to compete with Lockheed Martin long term. + +This company is susceptible to a number of different geopolitical risks. Conflicts with other countries could be both a Negative AND a positive for Lockheed. + +The current political climate is leaning harder and harder towards a more relaxed defence budget. + +THANKS FOR READING! COMMENT WHAT YOU THINK BELOW! +# Solving the Blockchain Trilemma + +Algorand (ALGO) is a blockchain network (i.e. like ETH, ADA, SOL) that attempts to solve the "blockchain trilemma" - the ability of a network to be simultaneously scalable, secure and decentralised. ALGO's transactions per second (TPS) is 1k, with a 4s finality. Transactions cost 0.001 ALGO and the network already offers L1 smart contracts. However, the network will be upgraded in Q3-Q4 2021 to 45k/s TPS and 2.5s finality, ranking it toward the top for speed and scalability [(Source)](https://www.algorand.com/120720-Algorand%202021%20Performance.pdf). ALGO is currently experiencing \~1m transactions per day, placing it close to ETH in usage. + +**Main Conclusion**: ALGO is, along with other projects, building and pioneering "Blockchain 3.0". + +# Academic Rigor + +Algorand was founded by the Turing-award-winning, MIT professor Silvio Micali - and is backed by an excellent team with solid peer-reviewed academic prowess and publication record [(Source 1)](https://www.algorand.com/technology/research-innovation/research-papers) [(Source 2)](https://scholar.google.com/scholar?hl=en&as_sdt=0%2C5&q=silvio+micali&btnG=). Silvio Micali conceived of and pioneered zero-knowledge proofs (among many other concepts) - a key and integral part of many cryptocurrencies. ALGO's respectable and trustworthy team boosts ALGO's chances of mass adoption, especially in the financial/institutional sectors - which appears to be ALGO's key target demographic. + +**Main Conclusion:** ALGO's reliability, technology and ability to form partnerships is bolstered by the prestige and talent of its team. + +# Pure Proof-of-Stake + +Algorand uses pure proof-of-stake (PPoS) as a consensus mechanism, which employs **algo**rithmic **rand**omness and an improved form of Byzantine agreement to achieve decentralisation + security. PPoS differs from regular, delegated PoS (dPoS) in a number of ways, including: + +* No pooled validators (i.e. holders do not pledge their coins to a minority of super-validators). Theoretically, this minimises the drive toward centralisation that dPoS suffers from. +* ALGO node running is permissionless (i.e. anybody with >1 ALGO can run a node, be a validator and participate in consensus). +* PPoS is extremely lightweight (an ALGO node can be run on a low energy, $50 Raspberry Pi 4 - no expensive hardware or upfront cost is required). + +A key feature of PPoS is the use of a randomised, weighted lottery that selects validators - known as VRF. This prevents any malicious actor(s) from attacking the network since the identities of the currently selected validators (who must be corrupted in order to carry out an attack) are not known until the block is already finalised. At 1-4k validators, PPoS is paradoxically superior to dPoS in terms of decentralisation - even if the latter had 50,000+ nodes. This is because validators under the dPoS system are long-lived and known. By contrast, ALGO's random selections vary on both a *round* and *subround* basis - that is, block proposers, voters, vote certifiers all vary, across all steps of creating a block - making it incredibly secure and decentralised. + +**Main Conclusion:** ALGO is fast, scalable, secure while remaining decentralised. + +# Staking Rewards & Governance + +ALGO currently offers liquid and seamless staking with an APY of \~5.75% - you simply hold ALGO in a non-custodial wallet and there is no lock-up period. On Oct 1st 2021, governance is launching and this will gradually replace staking. In exchange for voting on proposals, you will be rewarded with 7.5-33% APY (depending on the number of participants). For the initial 3 months, this APY will be ***in addition*** to the passive 5.75%, meaning you could theoretically earn up to \~38.75% APY. Governance will not only allow ALGO holders to vote on changes to the network, consensus mechanism or tokenomics - but also select projects to receive developer grants (see below). + +**Main Conclusion**: ALGO offers highly competitive staking APYs and will further decentralise by handing voting power to holders. + +# Carbon Negative + +PPoS is extremely lightweight - consuming \~0.000008 kWh per transaction [(Source)](https://www.algorand.com/resources/blog/sustainable-blockchain-calculating-the-carbon-footprint). That's \~70,000x less energy than ADA, and 116250000x less energy than BTC. + +The energy that is used by ALGO is 100%+ offset via carbon credits. An on-chain sustainability oracle analyses the energy utilised by each node and a partnership with ClimateTrade (and others) then channels this funding into reforestation, peat management and wind-energy projects [(Source)](https://www.algorand.com/resources/algorand-announcements/carbon_negative_announcement). + +**Main Conclusion:** ALGO is eco-friendly, and the world's first carbon-*negative* blockchain network. + +## Developer Friendly & Ecosystem + +Algorand is extremely accessible to developers [(Source 1)](https://developer.algorand.org/tutorials/) [(Source 2)](https://developer.algorand.org/docs/reference/sdks/). Most importantly, it supports development in **Python, C++, GO, Java, Javascript and RUST** \- removing the need for developers to retrain or learn new languages. ALGO's smart contract language, TEAL, is incredibly intuitive and can be accessed via Python (PyTEAL). **As of TEAL 4.0, the language is now fully Turing-complete.** In addition, Algorand offers comprehensive, detailed documentation and tutorials (for free) - see Source 1. + +Moreover, \~$200-250m is available to support developers and 50+ grants have already been issued [(Source)](https://algorand.foundation/developers/developer-incentive-awards-program). In total, \~600-650 companies are currently developing on ALGO and intend to deploy DApps/ALGO-based services [(Source)](https://www.algorand.com/ecosystem/). + +Yieldly, ALGO's first DeFi app launched, \~2-3 months ago and has enjoyed a high TVL since. A number of high profile projects, including ALGO's first DEX are launching shortly this year. Tokenized, real-estate projects (e.g. [Lofty](https://Lofty.ai)) are also currently operating successfully on ALGO. + +**Main Conclusion:** ALGO has the ability to instantly attract developers, and is poised for an explosion in its ecosystem. + +## Real World Use + +A key feature of Algorand is that it is *forkless* \- it is mathematically impossible for ALGO to fork [(Source)](https://www.sciencedirect.com/science/article/pii/S030439751930091X). This is extremely important for real-world usage. Businesses accepting ALGO will not only experience rapid finality but can trust that the transaction is not on a forked branch of the blockchain that can be lost. This is even more important for NFTs. Thus far, ALGO has seen major adoption, recently including: + +* 70M South Americans (potentially 200M soon) using ALGO to issue + store COVID-19 passports [(Source)](https://www.algorand.com/resources/ecosystem-announcements/vitalpass-vaccine-tracing-latam/) +* BNext adopting ALGO for its $100b/year Spain<->Latin American remittance service [(Source)](https://www.algorand.com/resources/ecosystem-announcements/bnext-announces-next-generation-remittance-service/) +* MAPay adopting ALGO to power $800m/year in healthcare payments for Bermuda [(Source)](https://www.algorand.com/resources/ecosystem-announcements/mapay-to-implement-blockchain-based-solutions-on-algorand) +* SIAE, one of the largest and oldest digital rights management companies in the world, launched 4.5m NFTs onto ALGO - representing the work of 10,000 artists and which will involve $100m/year in royalties [(Source)](https://www.algorand.com/ecosystem/use-cases/siae). +* ALGO was recently featured in a World Economic Forum (WEF) report on cryptocurrency - listed as a recommended "VIP" blockchain that solves issues with BTC/ETH and proof-of-stake [(Source)](http://www3.weforum.org/docs/WEF_Getting_Started_Cryptocurrency_2021.pdf). This document will be seen by institutions, banks and economists worldwide. + +The list goes on and on [Here.](https://www.algorand.com/ecosystem/use-cases) + +**Main Conclusion:** ALGO is already being deployed for large-scale and institutional solutions. + +# Tokenomics + +ALGO has a maximum supply of 10,000,000,000 (10b) coins, and \~57% of the supply has been released so far. The schedule for coin release is detailed here: [(Source)](https://algorand.foundation/the-algo/algo-dynamics). In addition to this, ALGO operates an 'accelerated vesting' algorithm: if the 30-day moving average (30MA) reaches a new ATH, the rate at which new ALGO is introduced into circulation is accelerated. The combined effect of this is a significant rate of annual inflation - and artifical suppression of price i.e. **ALGO is not a short-term investment.** Inflation will ease over time for 2 reasons: + +* Accelerated vesting is estimated to end in \~mid-2023 +* Coin release slows over time (see the above source), and we are already \~18-24mo ahead of schedule - so it's very unlikely that it will take until 2030 to finish the process. + +Eventually, suppression of the price will cease. Until then, ALGO exploit this stability to build large-scale partnerships since less volatility is often viewed favourably. + +**Main Conclusion:** ALGO's tokenomics are less than ideal, and the project is to be seen as a long-term investment only. + +# Relay Nodes & Initial Distribution + +ALGO relies on a set of \~100-120 relay nodes to maintain high-speed transactions. Relay nodes are distinct from participation nodes (which participate + drive PPoS consensus) - they simply direct traffic (i.e. an ISP). In order to reward early backers (i.e. relay node runners), a large amount of ALGO was allocated to them. This raises concerns of centralisation. Algorand have acknowledged this, and are now opening up relay node running to the community [(Source)](https://algorand.foundation/news/community-relay-node-running-pilot). This will, however, require more expensive hardware. The details are listed in the above source. + +Moreover, the Algorand Foundation also own a significant portion of ALGO. However, the foundation is non-profit and this ALGO is used to fund R&D directly and issue developer grants. Because of this, the % the foundation own is diminishing over time. + +**Main Conclusion**: ALGO appear to have favoured developing a stable blockchain and securing major partnerships first, before moving toward decentralisation second. + +**Final Conclusion:** For a chain that launched only \~2y ago (June 2019), it has accomplished a great deal and its future, to me, seems extremely bright - however - only consider it if you're prepared to hold. + +&#x200B; +I thought gold was a hedge against stocks. But this year, BOTH are up YTD and during last 3 months. What gives? + +GLD: +25% YTD, +4.5% 3month +SPY: +7% YTD, +6.4% 3month +Hey all, so i just logged into myGov to have a bit of a futz around with my tax returns and, i see that the ATO has my tax returns for 2000-2001, and 2002-2003 marked as overdue. I'm not sure what i need to do with these. I was 16 at the time pushing trolleys at Coles for like $90 a week. I have absolutely no records from this time so not sure how to proceed? + +any pointers would be greatly appreciated. +I used to go to a tax agent last two financial years and planning to do it myself this year. They charge like $120 to do it which is not my main concern but the information I can research to have the guts to do it myself. + +The reason why went to them was that I wanted to get a maximum tax refund whilst my claims are within the safe limits. Not much has changed this year but I was wondering if I could for a change this year and file it myself and put all the deductions. Anyone else in a similar boat? +I do use my car for work and my phone. I have an occupation-specific clothing and stuff. Not sure how much I can claim for all these and other work-related decutions. Hoping if anyone likes to discuss all this in details. + +Hey all, + +I've spent an awful lot of time lurking /r/ethtrader reading the various discussion posts and inevitable project shilling. Obviously anyone with a financial interest in a project is biased towards self-promotion of their interests, but I'd be really interested to hear (from a high level) what specific aspects of a project you look for to drive your desire for investment? + +Some things are obvious (eg, legitimate team, working website) to the point where I feel they're probably not worth mentioning, but I'd love to get a vibe for what the community here values when looking at projects for investment from a more high level perspective. + +Once a project gains traction, at least for me, the drivers tend to switch from ideological to more tangible progression *(for example, if XYZCoin signs a big deal with ABCCompany)* so I'm more interested in what drives your early stage investments (ICO, newly traded, etc). + +Since as mentioned, even the best intentioned people will have biased incentivization to shill their own investments, I think it would be in the best interests of open discussion if we generally refrain from going overly project-specific. That being said, it's always useful to have a reference point, so I don't think there's anything inherently wrong with mentioning a project if you'd like but let's keep it high level eg: + +**GOOD EXAMPLE**: +**Market Understanding** - I've spent a lot of time working on projects generating revenue through online advertising *(programmatic RTB, PMP, direct, etc)* which means I can understand projects focusing on online advertising in greater detail than I can other areas *(eg, I have no experience in banking)*. For this reason, BAT is a coin that interested me - I've seen a lot of the problems with the industry and understand that they are aiming to solve a real problem which affects numerous content creators and publishers. + +**BAD EXAMPLE**: +**BAT is an awesome coin**, online advertising is huge and they're going to be worth $1-2/BAT by May 2018 for sure. Heard that they're going to be integrated into loads of browsers soon because my neighbour's cousin's ex-girlfriend's old gym buddy works as a barista at Brendan Eich's local coffee shop. TO THE MOON. + +**Here are my thoughts:** + +* **Market Understanding** - Read above "Good Example" + +* **Progressive Goals** - Even if a project raises $100M, achieving traction and building a company takes time. I'm always a little concerned when projects tend to have a relatively "end-game" style pitch, where they take aim at some huge industry *(eg, online payments)* without clear stepping stones they believe will take them in that direction progressively. I'm far more likely to be enthusiastic about a project which lays out a gradual roadmap for growth *(preferably more detailed than just what features they'll build)* - it shows a combination of realistic expectations and understanding of the scope of the challenges they face. + +* **Experienced Management Team** - Engineers are brilliant, they build and power the infrastructure for all blockchain projects. This being said, the vast majority of engineers I know are terrible project and team managers. Since blockchain startups often tend to be "tech-driven", I've seen numerous crop up which have a strong engineering team with relative-to-no experience leading a company (in comparison to lots of experience building tech products). Bonus points if the team involved have actually worked together and run a company before *(eg, OmiseGO)*. + +* **Blockchain-centric Technology** - Blockchain is incredible, but it sure as hell isn't a "one-size-fits-all" technology. Lots of industries will be revolutionized, but it is not necessarily the best technology for every use case. Projects which have a specific focus on decentralization, trustlessness, autonomy, etc often draw my attention over those that do not *(eg, 0x)*. + +I'll add some more thoughts in comments, but don't want to dominate the discussion. + +**How about you? What factors drive you to invest in a project?** +Hey Everyone, + +TLDR; used to day trade, now I don't. Made more money holding ETH, even at current price(~$163)than I ever did day trading. + +Been on here since January 2016, invested after the DAOsaster, sold and bought back in at $8 in December 2016. + +I previously day traded to supplement my corporate income. I made about $15k-$20k during both 2014 and 2015 just day trading. Not a ton, but enough to make a $50-$100k a year Sales job not feel worth it when you make a months salary in day. It felt incredible. I paid off my student loans, had some change, and felt very secure. Then I got cocky, and kept trading because I was the fucking man and no one could touch me. Then, I had losses. $500 here and there, the one day I lost $6k in about 40 minutes. Then, I had to pay ~33% taxes on my profits, ouch. So I got out, I stopped trading and decided to save my fiat while grinding at my job like a good lad. + +My buddy told me about Ethereum at the end of 2015. I remember he got into Crypto that year and lost a few grand on some random shitcoin that went bust. So did I think highly of him as an investor? Absolutely not. As a person of intellect, character, and tenacity? Yes. I told him I was pretty skeptical of the Crypto space and I would check it out but likely not invest because I believed security was an issue. Then the DAO got hacked, I got to say, "I told you so", and moved on with my life. + +December 2016 my buddy told me ETH was below $10 and the train was leaving the station, this technology was about to start the beginnings of adoption and large corporate experimentation. All speculation, but I said fuck it and went all in. + +Why? Why would I do such a thing? Because I know when to trust people who know more about a specific subject matter than myself. So far it's worked out. Was I tempted to sell at $420 and roll around in my money. FUCK YES DUDE. That's exactly why I didn't sell. Because I think the ceiling on this is closer to $10k in 2 years than to $400. + +I posted in another thread here that I'm down about $600k on paper since our ATH. I'm not selling, because I believe in the Ethereum Team and technology. I'll go broke fighting for something myself and people better than me believe in before I run away. + +Boom and bust cycles happen, but ETH is truly a winner because it can add value at the most wide reaching level of our bureaucracy -> money, and trust regarding promises made about money via contracts. + +If you don't believe and want to try and make a few bucks on margin, good luck. I know the best path forward for me is as an investor, not a trader. + +This sub has a lot of fat right now, but the the real investors are still here, we're just practicing our humility during the downturn : ) + +Know yourself. Reflect and learn. + + + + + +So I know that things are in the shits right now, so I figured I'm going to summarize my Ethereum story and how it changed my life. + +&#x200B; + +I'm a college drop out and a currently inactive addict, during my worst period which was about 5 years ago, I realized that something needs to change desperately or I'm going to die. The thing that came to mind was the power of our mind to discern patterns and extrapolate them into the future to help us get what we need (in the past it was food). The problem was that my mind didn't have much to work with as, despite the fact that I pretended I did, I never read any books and all information I consumed was only serving my confirmation bias so that I could pretend I'm smart. + +&#x200B; + +So, somehow I stopped lying to myself, and started listening to audiobooks obsessively. Along the way I learned that I couldn't listen for shit, and had to develop that skill, which I did. To mix things up, I added podcasts to the repertoire, and listened for new information and better conversation skills whenever I had the chance. In the beginning, it was on my way to work, which was a minimum wage cashier job. + +&#x200B; + +Slowly, I gained more confidence and knowledge to feel comfortable going after slightly better jobs, eventually, about 2 years later, ending up working the office side of fiber optic construction. By then I had accumulated a lot of knowledge, and one of the most profound pieces of information I had come across was a book called Zero to One by Peter Thiel (founder of Paypal, early investor in SpaceX and Facebook), and sought out everything else he said that was a available online. + +&#x200B; + +Having comprehended the way he thinks about what makes for a great idea, I continued to search for any and all information, until I stumbled across someone mentioning Ethereum on reddit one day. Intrigued I began researching it, and was very positively surprised to see that it had just about every sign of being a great idea, at least according to what I had learned over the past few years. I felt confident enough in my estimation of it that, with pounding heart, I bought my first ether. I was overcome with excitement. + +&#x200B; + + The next day I woke up to see that the DAO was hacked, and $50 million stolen. It had lost something like 30% of its value. I wasn't too worried, according to my estimation the team behind it was capable of overcoming it, and I hadn't yet invested more than $20. However, being the novice that I was, I was convinced that the market would realize its mistake by the time the day was over, so I decided to buy many more ethers at what I thought was a discount price. By the next day the value has plummeted some more. I was kinda disappointed, but thought that this was an even better price to scoop up some loot before that market realizes its mistake any minute now. + +&#x200B; + +The value continued to plummet. However, still believing in my estimation of the project, I continued to buy, being absolutely convinced that the day the market realizes it's big mistake was right around the corner. So I continued to put about 1/3 of my paychecks into Ethereum, eagerly awaiting the day it would skyrocket all the way up to $16, and I would make my 30% returns. + +&#x200B; + +To my disappointment and growing concern, the price continued downward for months, when it reached $9 and I had lost 30% of my investment's value, I started myself if I was completely wrong about it, and stopped putting my paychecks into it. Eventually the price reached $7, at which point I thought, what the hell, gonna put another $300 into it, it surely can't go any lower than this, right? + +&#x200B; + +Right, it was right around that time that the price began to go back up. And it just so happened that I got fired from my job. It was really exciting to see the growth at this time of personal troubles, it let me daydream about the potential. Soon enough I got a new job, but got fired after a month. However, at this point my Ether was worth enough for me to consider a different path. I decided that it provided me with good enough a cushion that I could pursue my childhood dream of learning how to code, and so I went to a coding bootcamp. As I was studying, the price continued to skyrocket. + +&#x200B; + +Thanks to my pursuit of information and better conversation skills I gained over the past few years, I was able to get a coding internship right out of the gate. However, I soon realized that I didn't wanna work on ideas I didn't believe in, and decided to quit and spend some time soul searching. + +&#x200B; + +By now, I made a sizable pile of money, and decided to use it to quit working for a while and focus full time on getting more information and thinking things over. This took more time than anticipated, 2 years, but in that time I expanded my horizons far beyond what I thought was possible, realized what I wanted to do in life, gained an appreciation for life, and found my life's mission. + +&#x200B; + +For the past few months I've been working on my dream, and I think's it's gonna work. + +&#x200B; + +All thanks to Ethereum and its community, including some of you guys who have been here for a while. Thank you! + +&#x200B; + +PS, This is much longer than I anticipated, but hopefully it will inspire some lost soul + +&#x200B; +Apple Inc could be facing up to $862 million in damages after a U.S. jury on Tuesday found the iPhone maker used technology owned by the University of Wisconsin-Madison's licensing arm without permission in chips found in many of its most popular devices. + +The jury in Madison, Wisconsin also said the patent, which improves processor efficiency, was valid. The trial will now move on to determine how much Apple owes in damages. + +Representatives for the Wisconsin Alumni Research Foundation (WARF) and Apple could not immediately be reached for comment. +Preface: Unfortunately I'm on mobile and it's late, for references to what I'm citing see the recent top up voted posts. + +This is meant to explain in layman's terms what happened today and can be an info source to share with others unfamiliar with the GME saga just how serious this is. Naturally you'll likely have to further explain bits and pieces from there. + +----- + +Disclaimer: I have zero work experience in finance, much of what I've learned has stemmed directly from being invested in my favourite stock and frantically reading a year + of DD's and my own searching. + +In fact I have been known to hit equipment worth tens of millions of dollars with hammers when required. + +These are my opinions and essentially a layman's terms explanation of my understanding of what happened today and why DRS and Diamond Hands are going to be important. For those with wrinkles feel free to poke holes in any flawed logic or idiotic assumption. + +Also you shouldn't listen to me. Legit, smoother than the mirrors in the Hubble space telescope... + + +TL;DR, today's event was the MOASS theory in motion. They ran out of willing sellers due to increased demand and we saw huge jumps in price during the halt simply because nobody was willing to sell and the price was going to begin making massive leaps to reach the next available asks available. + +------------ + +So fellow apes, today they essentially derailed the MOASS once again, they spoofed orders and it is believed they very heavily naked shorted the stock down quickly to create a halt in trading. + +IE they flooded the market with a ton of underpriced shares in order to sharply drop the price tripping circuit breakers. + +----- + +Why did they do this? + +Seeing what was coming up on the order books they realized that the price was going to go parabolic as there were no sells at small price intervals and they knew there was about to be massive leaps in price WHICH ACTUALLY HAPPENED. + +As a result they created the halt and it gave them time to find a solution to fill the gaps and smash the price down buying another day. + +------- + +What happened just before the halt? + +A screenshot has been posted of an order from E-Trade for 300 shares at $275 per share which was completed. This is the direction we were heading in the microseconds before the halt. + +-------- + +What happened during the halt? + +During the halt numerous people received notifications that their options, some as high as $510 were now ITM (in the money). So for a period of time during this halt there were no more shares available anywhere in the 100's, 200's, 3 or 400's. + +As a result the price following the basic principle of supply and demand was about to rocket up to over $500. With nobody having an ask input anywhere before this value the market was going to shoot the price up to meet this ask to execute further orders. Essentially in my derp words, adjusting the price to incentivize people to sell to create liquidity, IE, supply and demand. + +----- + +So, I beg of you, tell me why DRS is important? + +DRS is vital in this process and much of what we've seen in the last few days may very well be partially due to shares being DRS'd with ComputerShare. + +As we register our shares it means they are no longer available to short. Over the last year we've seen short sale percentages in the 70's and 80's, essentially they are suppressing the price both through the act of shorting, but also by slowly outpacing demand on the stock by providing short sale shares into the market to meet and slightly exceed demand. + +By DRS'ing those shares are no longer available to them as "ammo" as we often put it. The share becomes your personal property, registered in your name and can no longer be loaned by brokers for hedges and others to use to short the stock. + +This essentially makes it so that more and more the only shares coming available on the market are people and institutions who legitimately want to sell at their desired price. Given what we've learned over the last year naturally for an enormous portion knowing the potential of this play, they simply don't want to sell and are holding out for life changing gains. + +As a result this is leading to those ever widening gaps in the "ask" side of the column and as we saw today that gap ran right from the $190's to $510+ in minutes. + +So, as a Maple Ape I have DRS'd shares from a tax free savings account. All of my gains from shares held there are 100% tax free. I sacrificed those future tendies to contribute. + +Please if you're not familiar read into the process and consider it as an individual investor. + +------ + +What do you mean MOASS was pushed off for another day? + +Shit was about to go to the moon. + +During this halt it was seen on the Bloomberg terminal data that the ask at one point was showing as $448,950.00 + +*Take a moment* + +Yes, just shy of $449k + +Now, disclaimer. + +I am a retard. + +I struggle to take care of me, much less those I'm responsible for in my professional life, some of which may be trapped somewhere in need of help. They may be locked in a room with a series of PowerPoint presentations about GME. I don't know, I'm not a doctor... + +But what I have read is that the ask number in the bid ask spread is a projection of the order that is 50 orders ahead of the current price. + +So in slow kid I don't reed Gud speak; + +With the price sitting at anywhere between the $275-510 increment by the time the next 50 sell orders were completed the next available sale was $449k. + +Now, would it have hit that immediately? I have no idea, again. + +Retard... + +I can only assume that as the price violently shifted from order to order, halts began taking place and the price came back astronomically higher and higher again this would act as incentive for institutions with a fiduciary responsibility to their clients (and paperhanded bitches) to be selling in the high hundreds, thousands, tens of thousands etc. Etc. + +So I don't expect it would skip to $449k, but we would see some extremely violent upward movement. + +----- + +Diamond Hands and the MOASS theory; + +A common saying in the earlier days of this movement was "They haven't produced any counter DD" all they can do is insist they covered/closed in January. + +*Looks at chart* + +Fuck you, we know you're lying. + + +Today and this halt was the MOASS theory in action. Even Thomas Pefferly, Pefferfly? Butterfly? .... + +The crook who heads Interactive Brokers (IBKR) stated during the January Sneeze that the system was extremely close to breaking. That GME could have had the price skipping up by thousands and theoretically never stopped. + +This is that glorious idiosyncratic risk that is GME and the angry apes. + +So, that leads into our final question... + +----- + +What could have caused this to all come crashing down? + +Likely the most immediate effect of immense price spiking would be the price then increasing exponentially as MM's lost hold of it and this became the financial market version of a fire storm where the violent movement of the price would only serve to create further violent movement. + +How does this happen you ask? It would happen through the options chain. + +As mentioned earlier with alerts going out for $510 calls going ITM, those options allow the options holders to purchase 100 shares of the respective stock at the market price that was active the at the time they bought the call. Again, 1 call option/contract represents 100 shares, these typically available to be exercised (shares actually bought rather than the option itself being sold as an asset) based on the closing price on Friday. + +Likely much of the movement we saw this week was due to calls be exercised from the run up last week. + +The losses for market makers now stacks (for those betting against GME anyway and associated hedgefunds). + +1 - You bought your option when the stock was (magic numbers) $125 per share. Friday's closing price sits at $180, hence you pay $125 and the market maker is forced to give you shares valued at $180 each to fulfill their obligation. + +2 - Hedging, if they want to mitigate risk on their part, IE they don't want to have to buy those shares they owe you at $180, if they played the game correctly they hedged their bet. They would have bought shares at a lower price (this action theoretically increases the price) in order to fulfill their obligation to you while losing the least amount of money possible. + +3 - Failing to hedge properly, should they not have the liquidity to hedge properly and essentially "go in raw" if you will, they may be forced to buy a huge number of shares on the market at current value further driving the price up and losing an enormous amount. + +4 - The motherfucking Gamma Ramp. + +Oh yes, this is the spicy bit, the fire storm of ape shit... + +As options go ITM and the price rises more and more calls can now be exercised created more buying pressure. For a stock as illiquid as this one it is extremely dangerous for MM's. + +In the example above it could play out like this. + +$130-140-150-160-170-180 calls all went ITM, each increment will likely have hundreds or thousands of calls representing millions of shares worth of stock. As a result the following week it is likely to cause a run up on the price, and then we ride up the gamma ramp initiating what's known as a "gamma squeeze." + +From here the buying pressure from calls going in the money means more and more higher increments go ITM. This then can begin to completely run away and create buying pressure that the supply has no hope of meeting. Hence the price ramps up hitting higher and higher prices and causing the ticker to possibly increase exponentially. + +ONCE AGAIN this is where DRS'ing comes in and limits the amount of shares that can be borrowed as many institutions are then going to try to fulfill as many of these orders as possible with loaned shares rather than legitimate sellers shares. + +----- + +Then THE FINAL NAIL possibly driven by a gamma ramp or by massive illiquidity leading to an unstoppable run up in price. + +Insolvency and margin call (failed margin call is my favourite flavour). + +As the price runs up and they have no hope of fulfilling orders causing further runups, for all of these institutions operating off of 20:1, 40:1, 100:1, 164:1 ridiculous fucking margin levels they may quickly find themselves lacking the cash to cover their positions and likely lacking assets to close their positions. + +From there they may face liquidation, and as theorized, it could possibly take a couple of weeks for this liquidation to begin, clearing houses will begin liquidating their assets and closing their positions. + +Once this happens shorts start getting closed by clearing houses buying shares on the market causing further large run ups, further failed margin calls and ideally all the bad guys go insolvent followed by prison. + +Then the sweetest part of it all, clearing house computers are not looking for a bargain. This is a computer program given a mathematical problem to solve. + +I must close X number of positions meaning I need to purchase Y number of shares buying them on the market for whatever the current value is. + +----- + +Lastly DIAMOND HANDS. + +Given the possibility and the theory actually being in action today that this can make jumps of several thousands of dollars in a short period of time I can only speak for myself but I DO NOT plan to settle for anything less than generational wealth. + +If you find yourself tempted to sell in the thousands just keep in mind that the theory is sound, it's been stated on national television by the people we're against. That share(s) that you sell for $1k may very well be worth $10k in an hour or two. That evening or the next day hundreds of thousands and given were dealing with mathematics and logic has no place in the trap they've created for themselves theoretically MILLIONS of dollars per share. + +If you assert that nobody will buy at that price, skip a touch up once again and re-read the mention of clearing house computers matching a closing position to shares. + +Shorts. Must. Close. + +Several million apes may soon find themselves in a position where they decide what their number is, and whatever that figure happens to be they'll get it. + + + + +Thank you for joining me, you are now dumber for having read it, which is the key in all of this. + +We can stay retarded longer than they can remain solvent.... +Hodling is easy compared to how hard it’s taking profits for most of us. + +If you want that new Phone or want to go to. 2 week vacation to Bali. Do it! You only live once and you have to enjoy your life. Taking profits is hard but guess what is harder? When you’ll be old and you’ll have all the money in the world but the only thing you want is to be 20 and to do the things you didn’t do because you were busy investing in crypto! + +Investing is good, but investing while enjoying is better! + +Enjoy your life while you still can because it’s a privilege to be alive! Some people don’t even make it as old as you did! Nothing is certain in the future, only in the present it is! +Pressuring Gamestop into exposing its plans to all the Wall Street parasite billionaires might not be the best of ideas. It might make you feel insecure as an investor, but Cohen asking us to "judge them by actions, not words" makes perfect sense when you think about all the forces colluding against them. They don't want to be beaten at their own game, so they have to keep the element of surprise. + +You know the shorts never closed their position. You've seen the NFT stuff, you know that they're working on something big. Be patient. Imagine if anyone was short on Amazon or Apple two decades ago. How fucked would have they been? + +Asking for Gamestop to show us their cards is not in our best interest. If Gamestop grows, the MOASS becomes unavoidable. Even if we just lock the float through DRS beforehand, it might be enough. Don't fall for the FUD, you're doing yourself, me and Gamestop a disservice. +Warren Buffet always says how you don’t need to have the highest IQ you need to have a rock solid temperament. I now know what he means. + +A couple months back I decided to try actively “invest” 10 percent of my portfolio. I’m actually up a a decent amount against the index but I’m completely done with it. + +I just feel frazzled and exhausted. Like a very mild concussion. It’s like I can’t win, if I pick something and it goes down then I feel bad and anxiously check the price, if I pick something and it goes up I’m annoyed I didn’t invest more. + +If you’re investing in rock-solid business then like Warren says you shouldn’t worry about the daily stock price, but I just can’t pretend that watching it goes up doesn’t make me happy, and I can’t pretend watching it fall doesn’t make me feel anxious. + +I think actively “investing” is way harder for people who aren’t super rich because you know that the daily vicissitudes represents real money that can go along way in your life, so it’s harder to be as emotionally detached as you need to be. + +People say how if you like a stock and it goes down you should be doubly-happy because you can get the same thing at a discount. But at SOME point the price will start validating your thesis, right, and because the situation is rapidly evolving how do you know that it going down 10 percent isn’t a sign something has changed and you need to do more research. + +Also, it’s actually really about to what extent the quality of the business is already priced in, and there’s just an unlimited amount of research you can do, so how do you know when you have done enough to make a decision? + +At one point I convinced myself I was onto a sure thing and went heavy into it, blowing past my previous 10 percent rule and putting 20 percent in. “Why double X when I could double 2X?” Again I got lucky and didn’t lose here but at the cost of thinking about it and checking the stock price obsessively for two weeks. + +I know all of this is driven by impatience and at some level the desire for a quick buck. It just became all-consuming for me. Not really sure what the purpose of writing this was other than to vent and maybe others have had a similar experience +Here's what I meant: I've been reading this subreddit for a while and it seems like most people who successfully made it had very similar lifestyles - being careful with money goes without saying but I observed that most of them watched their expenses very closely when it comes to even general spending, like dining out, etc + +I was wondering if later in life, when you look back at when you started and how far you have come, do you think there were times where you wish you had spend rather than saving up for the retirement or FI that you're currently enjoying? I'm thinking travel trips, night life experiences, etc. +Without getting into too many details, I heard a story recently of a distant relative who worked his ass off and then surprised all his coworkers when he FIRE'd at around ~45 years old and able to withdraw roughly $100k indefinitely. This was early to mid 90's. He's now getting to the typical retirement age and was just diagnosed with a terminal illness (100% mortality within 1-3 years). While terribly sad, he's expressed (as has his family) how lucky they've been to enjoy the last 20 years together without a job taking all his time. If he hadn't gone down that route, he'd be one of those to work their whole life for a retirement they would never get to enjoy. + + +It has re-invigorated me to stay on target. I am hoping to get out before 55 (ideally 50), but we'll see. I'm now ~36 years old and have a NW of just over $500k (~300k in investments), so a long way to go. Single earner with 4 kids has really slowed things down. Hoping the wife can get back to work in a few years when they are all in school. Income is ~150k and stable and we're saving roughly 30% and pushing to move that up to 40-50% when we pay off the house in the next 3-4 years. I won't get out as early as this relative, but who knows... Thanks for the motivation and to all those who've made it, GO FUCK YOURSELF! +Hi all, + +A couple of us are thinking of a new subreddit called ["Stock a Day"](https://www.reddit.com/r/stockaday/) where we pick a stock each day and debate if it's worth considering investing. + +Here's an example [Cisco a boringly beautiful stock? ($CSCO)](https://www.reddit.com/r/stockaday/comments/4oipzi/cisco_a_boringly_beautiful_stock_csco/) + +Love to hear what everyone thinks of the idea. + +Many thanks. +Hi guys, i don't see a thread for the $1.2 trillion infrastructure bill. How are you guys playing this? Any suggestions? Which companies will benefit from this? Transportation, broadband, utilities are the ones getting funding as per the news. +Just wanted to put some perspective/hopium with this recent drop and that we are nowhere close to gold's market cap (10 trillion) and stock market (50 trillion). If BTC hit 100k it would only closely match apple and still be nowhere close to gold's market cap. I still have money invested in the stock market because I believe in the future of US companies but even I think it's overvalued compared to what crypto could bring to financial networks. + +And yes, apple is a big company that is also internal national but I still think the idea of crypto and the technology being developed by over 10,000+ developers deserves a much higher valuation. + +The negatives about crypto are what is highlighted like the exploitation of NFTs, scams, and pump and dumps. Take a look at the bigger picture and you can see that nothing has changed. +**Introduction:** + +I’ve seen a ton of discussion of Grid+ on this sub and others recently, but it doesn’t seem like those that are posting have actually read up about the project yet. This post is my summary of the Grid+ project, thoughts on token valuation, concerns, and additional resources. + +I’ve been following this team and project closely for the past few months and I’m planning to invest in their ICO this coming Monday, November 30th. Grid+ is one of the main ConsenSys spokes and is advised directly by Ethereum co-founder Joseph Lubin; the project is a blueprint for mainstream blockchain adoption and ConsenSys can, must, and will deliver real world results within the next year. + +This post isn’t a social media bounty like shady ICOs push on Bitcointalk and I’m not associated with the team. I am just convinced this is one of the most exciting projects in blockchain right now because the team is barreling ahead on real world implementation for ordinary consumers. So, read this skeptically; I’m presenting my outlook and the data I base that on so that others can easily dive in and draw their own conclusions. + + +**Project Synopsis:** + +Grid+ allows customers to use their Smart Agent energy meter to access wholesale market electrical market rates and purchase at the lowest available cost as opposed to paying a much higher monthly fixed rate like retail customers are forced to do now. Customers in deregulated energy markets don’t need to understand cryptocurrency, they just need to know that they can buy their electricity from Grid+ and save money. + +Energy consumers in the U.S. typically pay a fixed rate that includes greater than 100% markup, but by giving customers access to variable wholesale rates they anticipate providing savings of over 40%. + +The Smart Agent does more than that though: it is actually a Wi-Fi enabled hardware Ethereum wallet that can be used for staking after the shift to proof of stake. Additionally, the Smart Agent will adapt to consumption patterns and optimize its purchasing strategy for each users’ needs. + +Those who produce their own electricity to sell back to the grid will also benefit from the Smart Agent automatically selling at optimized rates. As the electrical infrastructure advances and consumers add storage batteries to their homes, this will provide greater opportunities for savings, profits on selling back to the grid, or even automatically conduct temporal electricity arbitrage to generate revenue. Calculations are provided in the white paper for how this could result in a Tesla Powerwall II to paying for itself within six years of use. + +If ConsenSys can successfully launch this project, it could serve as the archetype for much of what’s to come on the Ethereum blockchain. Massive future transaction volume is more likely to come from connected devices like the Smart Agent than from cryptocurrency retail point of sale transactions (which I think is a poor use case for blockchains). Devices that just deliver consumer benefits without them having to even know what a private key is will drive adoption in a whole new way. The pitch writes itself: buy this electrical meter and prepay and you save 40% on your bills forever. + +Team member Karl Kreder (who has a PhD in Materials Science researching advanced battery technologies) likens the Smart Agent to the AOL CD-ROM in the 90s: a simple and ubiquitous means of getting regular people using the Ethereum blockchain every single day. A trojan horse for making Ethereum part of day to day life. + +**The Tokens:** + +The system uses two tokens: BOLT and GRID. + +BOLT is a U.S. dollar pegged stable token that consumers will use to pay their bills. They load their Smart Agent via a cell phone app and then the meter automatically purchases (or sells) power at the best possible prices available at that moment. Preloading the meter rather than paying for the previous month’s usage means Grid+ doesn’t waste any money on bad debt collection, which is among the largest expenses for energy retailers. BOLT tokens are created when purchased and destroyed when the money is spent. + +GRID represents 500 kWh of wholesale electricity. A fixed number have been created and when redeemed by a customer, they are destroyed forever. This is the token available during the crowd sale. Savvy customers can buy these on the secondary market to redeem them for even more savings. + + +**Token Valuation:** + +GRID is being offered at $1.15 at ICO with a Eth spot rate to be determined just before the sale. Presale buyers were offered discounts for major purchases but the interest side effect of their purchase price being denominated in USD instead of a fixed Eth ratio is that presale buyers took on risk based on Eth price fluctuations. The presale period coincided with the September downturn so if they had to contribute in the mid to low $200 range their advantage will be severely eroded or gone if the current price is maintained through this weekend. + +Where can the price go after the crowd sale? Once customers are onboarded the full value can be calculated from wholesale rates. [You can download U.S. Government pricing statistical data in Excel format here]( https://www.eia.gov/electricity/wholesale/) + +Per the white paper the first market they are expanding into is Texas, followed soon after by California and New England, since each of these areas have deregulated electricity markets. Using Texas as an example u/hegeliansynthesis calculated that with an average price of $.075 per kWh 500 kWh would then be worth $37.50. Grid+ is planning to charge 30% markup, so 30% of $37.50 would result in a GRID token value of $11.25 or 9.782 times the ICO price. + +Using the above link and other publicly available data you can see the average price they based this on actually skews a little bit low. However, it would be rational to slightly discount the full value until customers are onboarded and able to redeem the tokens. The roadmap in the white paper sets a target of 5,000+ customers in their first target market (most likely Texas) by Q3 2018. Furthermore, customers are only incentivized to buy tokens on the secondary market if they are slightly cheaper than the rate already available to them. + +So, everyone on Reddit has been saying that the intrinsic value of the token is $11 or so, however, this is based on the first target region. [However, the team has already announced a partnership with Japan’s TEPCO.](https://www.coindesk.com/no-nuclear-japans-biggest-utility-turns-blockchain-power-pivot/) In Japan the average kWh is about 22.35 JPY which is $0.1963 USD which would result in a GRID value of $29.45 which is 25.6 times the ICO price. + +The value is based on where they expand and the customers onboarded. Speculating that Grid+ goes live in Japan in a year or two means the token works as a long term hold if you think Ethereum won’t 26x (~$7,800) in the same time period. + +There are more variables in this scenario, but even in markets where they would license the technology rather than act as a retailer (as might be the case with TEPCO) the team has stated a base requirement would be acceptance of the standardized BOLT and GRID tokens. + +**Concerns:** + +The ICO is a traditional first come first served structure. If it sells out within the first few blocks that may be a disappointment to the community and impact sentiment in the way it initially did with Basic Attention Token. + +Also, there are several competing blockchain electrical grid projects since it is a prime area for disruption. PowerLedger is one such project, but its focus is P2P energy trading and the infrastructure for this does not yet exist. Grid+’s first stage is to immediately act as a traditional retailer and establish a customer base that can eventually use the Smart Agent for P2P trading once the opportunity arrives in the real world. They’re not yet competitors, but eventually they might be. UK startup Electron is also building on the Ethereum platform but is at a more speculative stage in its development. + +The most likely immediate competitor would be incumbent retail energy giants implementing a similar solution, but if Grid+ makes headway as fast as planned hopefully it would be more appealing for them to license the Smart Agent rather than building a competing solution from the ground up. + +**Additional Resources:** + +**Videos & Audio Interviews:** + +* [What is Grid+](https://www.youtube.com/watch?v=rwkjAXom_6U) + +* [CTO Alex Miller explains Grid+](https://www.youtube.com/watch?v=EFx74jecwNc) +* [EthTrader mainstay Evan Van Ness's podcast interview with Alex Miller and Karl Kreder]( http://thebitcoinpodcast.com/an-ethereum-podcast-episode-4/) +* [Karl Kreder interview on Bloomberg](https://vimeo.com/235596031) +* [Karl Kreder interview on Epicenter]( https://epicenter.tv/episode/206/) +* [Video explaining how to participate in the Grid+ token sale.]( https://www.youtube.com/watch?v=Iw6rOY7LT88) +* [Crypt0’s video interview with Karl Kreder]( https://www.youtube.com/watch?time_continue=1&v=aIR8IOpT_fg) + +**Links:** + +* [The Project’s Home Page – Check out the full white paper!](https://gridplus.io) +* [The Grid+ Blog - Excellent In Depth Technical Explanations](https://blog.gridplus.io/) + + +If anyone else has any other links they think are relevant, please let me know and I’ll edit this post to include them. +In case you didn't know it, now you do. The reason for this post is to make sure everybody who might be holding on to ETC and wondering what to do with it, has all the relevant information and likely strategic possibilities. + +The exploiter(s) had to split again from TheDarkDAO into another child DAO and that process takes 41 days from start to finish. That happened either the day of, or after the hard fork. + +Thus, they will gain access to their stolen ETC on August 31. + +I anticipate that anyone who has been trading / playing the ETC markets will attempt to front-run that date by dumping any/all of their ETC in anticipation of that event, so as to not be left holding the 'bag'. + +Humans being humans, most people will of course think they're being clever and try to move a few days ahead of when they think everybody else is going to move. But that usually doesn't work out so well when *everyone else* is also planning to make the same move. + +Thus, I suspect the price of ETC may start dropping precipitously during the week leading up to August 31. + +In turn, the price of ETH could possibly rise precipitously as a result. + +Also, be mindful of the fact that the exploiters and their cohorts are fully aware of all of this. Thus, they fully understand that they have about 25 days left to wreak as much havoc as possible in the markets -- to include several more coordinated pump 'n dump / speculative attack efforts. + +Stay vigilant. +I was inspired by the recent [When is $10,000 per ETH realistic?](https://www.reddit.com/r/ethtrader/comments/7wxj1w/when_is_10000_per_eth_realistic/) thread and thought valuing ETH based on the suspected validator fee rewards (after PoS and Sharding will be implemented) was more interesting than fairly wishy-washy equation-of-exchange models. + +This model is quick-and-dirty but it gives you a basic framework and general idea of what is possible. + +Current situation with fee rewards: + +* Daily Fees (ETH): 624 (took yesterday as a sample from etherchain.org) +* Yearly Fees (ETH): 227,760 (extrapolated from the daily fees) +* ETH/USD: $850 (approx) +* Yearly Fees (USD): $193,596,000 + +* Transactions Per Day (TPD): 740,191 (took yesterday as a sample from etherchain.org) +* Transactions Per Second (TPS): 8.57 +* Avg Transaction Cost (ETH): 0.00084 +* Avg Transaction Cost (USD): $0.72 +* Total Gas Used: 36,737,232,640 +* Avg Gas Price (Gwei): 16.99 (wow, this is still pretty high considering ethgasstation.info says you can get away with 2 Gwei) + +I like using yesterday as a simple snapshot since we aren't maxing out our blocks right now and you can get away with gas prices of 1-2 Gwei. I didn't want to average the fees people were paying from the last month or two where we were hitting the limits of Ethereum and gas prices were quite high. + +Now let's just scale that linearly out to some lofty-but-possible numbers: + +* ETH Staked: 50,000,000 (about half of the total supply) +* Aspirational TPS: 50,000 +* Aspirational TPD: 4,320,000,000 +* Average Transaction Cost: $0.01 (fixed assumption, lowered to allow for more dapps to be feasible) +* Daily Fees: $43,200,000 +* Yearly Fees: $15,768,000,000 +* Yearly Fees Per ETH Staked: $315.36 +* P/E Multiple: 35 +* **ETH Price (USD): $11,037.60** + +This assumes an inflation rate of 0, we're only rewarding validators with the gas fees from processing transactions in a block. Again this is just to keep things simple and show the basic parameters here. + +I picked 50,000 TPS as Vitalik has been quoted as saying that sharding aims to let Ethereum scale to "tens of thousands of transactions per second", and it helps us get to a valuation of around $10,000. I lowered the average transaction cost to a penny since I expect many dapps require much lower transaction fees to become feasible which helps us get to 50k TPS to start with. That lowers the transaction cost by a factor of around 100 - and that may still be too high.. I'm not really sure and would appreciate any comments about this. + +I set the P/E multiple to something like a high-growth stock, and it essentially means a yearly return of about 3% for validators. I believe Vitalik said he expects something along the lines of 1-3% in the recent Unchained podcast, so this lines up fairly well. + +In my view the key relationship here is that we scale up the number of TPS larger than the corresponding decrease in gas price users are willing to pay for transactions. + +Now of course the big question is when/if will we get to these lofty goals? You can always take a guess and apply a discount rate/DCF analysis to the present day and see if investing in Ether is right for you. + +Let me know what you guys think! I'm not a professional in this space, just a fan of Ethereum and hodler. +The way it works is you send Ether to ether.camp and get HKG in return. Ethercamp keeps 100% of the Ether. You can then exchange HKG for tokens of Startups that you like. Startups won't get any of the Ether, so the only way for them to get any value is to dump the HKG on the market. This will push the price towards zero if many startups will do this. + +It would make sense if the startups got 90% of the ether and ether camp kept 10% for organizing the hackathon. But 0% of the Ether for startups and 100% for ether camp makes this whole thing basically a scam. Also the way the token sale is organized and coded is absolutely irresponsible (possible "TheDAO" 2.0). + +If any of the hackathon startups want to do a crowdsale, they should do their own token sale and get funding in ETH from the community instead of (possibly) worthless HKG tokens. + + +I was inspired by the recent [When is $10,000 per ETH realistic?](https://www.reddit.com/r/ethtrader/comments/7wxj1w/when_is_10000_per_eth_realistic/) thread and thought valuing ETH based on the suspected validator fee rewards (after PoS and Sharding will be implemented) was more interesting than fairly wishy-washy equation-of-exchange models. + +This model is quick-and-dirty but it gives you a basic framework and general idea of what is possible. + +Current situation with fee rewards: + +* Daily Fees (ETH): 624 (took yesterday as a sample from etherchain.org) +* Yearly Fees (ETH): 227,760 (extrapolated from the daily fees) +* ETH/USD: $850 (approx) +* Yearly Fees (USD): $193,596,000 + +* Transactions Per Day (TPD): 740,191 (took yesterday as a sample from etherchain.org) +* Transactions Per Second (TPS): 8.57 +* Avg Transaction Cost (ETH): 0.00084 +* Avg Transaction Cost (USD): $0.72 +* Total Gas Used: 36,737,232,640 +* Avg Gas Price (Gwei): 16.99 (wow, this is still pretty high considering ethgasstation.info says you can get away with 2 Gwei) + +I like using yesterday as a simple snapshot since we aren't maxing out our blocks right now and you can get away with gas prices of 1-2 Gwei. I didn't want to average the fees people were paying from the last month or two where we were hitting the limits of Ethereum and gas prices were quite high. + +Now let's just scale that linearly out to some lofty-but-possible numbers: + +* ETH Staked: 50,000,000 (about half of the total supply) +* Aspirational TPS: 50,000 +* Aspirational TPD: 4,320,000,000 +* Average Transaction Cost: $0.01 (fixed assumption, lowered to allow for more dapps to be feasible) +* Daily Fees: $43,200,000 +* Yearly Fees: $15,768,000,000 +* Yearly Fees Per ETH Staked: $315.36 +* P/E Multiple: 35 +* **ETH Price (USD): $11,037.60** + +This assumes an inflation rate of 0, we're only rewarding validators with the gas fees from processing transactions in a block. Again this is just to keep things simple and show the basic parameters here. + +I picked 50,000 TPS as Vitalik has been quoted as saying that sharding aims to let Ethereum scale to "tens of thousands of transactions per second", and it helps us get to a valuation of around $10,000. I lowered the average transaction cost to a penny since I expect many dapps require much lower transaction fees to become feasible which helps us get to 50k TPS to start with. That lowers the transaction cost by a factor of around 100 - and that may still be too high.. I'm not really sure and would appreciate any comments about this. + +I set the P/E multiple to something like a high-growth stock, and it essentially means a yearly return of about 3% for validators. I believe Vitalik said he expects something along the lines of 1-3% in the recent Unchained podcast, so this lines up fairly well. + +In my view the key relationship here is that we scale up the number of TPS larger than the corresponding decrease in gas price users are willing to pay for transactions. + +Now of course the big question is when/if will we get to these lofty goals? You can always take a guess and apply a discount rate/DCF analysis to the present day and see if investing in Ether is right for you. + +Let me know what you guys think! I'm not a professional in this space, just a fan of Ethereum and hodler. +For the first time in history. Last month was the 6th green candle in a row which hasn’t happened since 2012- 13 bull run, seven would be historical. Let’s make it happen🚀 + +*Edit* it didn’t happen, but god damn we came close! + +Cheers 🍻 +My fiancé and I have been together 7 years, engaged 1, and just bought a house together. He makes $53k a year and I make $48k. Until this point we have always had separate accounts and the bills and everything come out of his account, then he adds it up and I pay him half. We also split things like groceries, dining out, furniture, etc 50/50 so he just adds my half on to the payment at the end of the month. + +He said it’s getting really annoying having to keep track of all these bills and expenses, which I totally get. To make things easier he wants to share a bank account and share all money. So basically close out my account and then set my cheques to go into our shared account and we will both have access to it as use it as we please. + +This sounds great in theory but I have a couple of problems with it. + +1. He has diagnosed OCD and likes to feel in control of everything & also very frugal. I worry that if we share all money he’s going to micromanage every dollar I spend. + +2. He recently got into investing and has invested over $2000 into the stock market without running any of it by me. I figured as long as bills are being paid idc what he does with his spending money, so that’s fine, but I also worry he will be taking my money and investing it and I don’t want that. I have my own investments set up through work and I have no interest in doing day trading. + +My suggestion was that we hav a shared account for bills, groceries, etc but we both get to keep a certain amount from our pay cheques to ourselves in our own separate accounts for personal spending. That way he can invest it, whatever, and I can buy my things guilt free. He doesn’t like that because he said it will be annoying having to transfer money each pay check. To me it doesn’t seem like that big of a deal. + + +Does anyone have any suggestions? Or how do you split money as a couple? Do you see any downsides to us having one shared account for shared expenses and then separate accounts for spending money? +They keep paying fines to make it go away....and it keeps going away. This shit must stop. + +They don't stop. + +They were fined and caught 19 times in 2020 alone. + +They brought in over $4B in 2020 alone, so a few million in fines means nothing to them. + +https://youtu.be/Hv7SbgM-JrA +Chamath Palihapitiya on CNBC this morning: + +"Coming out of 2008, Wall St took an enormous amount of risk and they left retailers the 'bag holders.' A lot of these kids... they lost their homes, their parents lost their jobs, and they've always wondered, 'Why did those folks get bailed out for taking enormous amounts of risk and nobody showed up to help my family?'" + +Well said. Fuck the rich. +It has been said before, but I'm going to say it again. + +If you have all of your savings in the market, are highly leveraged, or are using money you cannot lose, you need to really think hard about what you are doing. + +The Fed said that they are going to taper and rates will rise. + +The government isn't going to spend as much fiscal stimulus as they have for the last two years. + +And consumers pushed forward a lot of spending on goods during the last several years. + +These are all obvious facts that are easily known. + +This means that sales revenues for a lot of your favorite companies have been pushed to the extreme while their valuations have been inflated; primarily by loose credit, low rates, and a pandemic. + +As those things reverse themselves, other things will reverse. Like stock prices, sales growth, and profits. + +And when combined with high inflation, those profits continue to fall unless the company can pass along those costs to their customers. + +We have already seen examples of this early into this earnings season: + +Bank stocks weren't as strong as hoped. + +Peleton said that they are slowing down significantly. + +And now Neflix disappoints. + +These are just a few examples. There will be more. + +What is happening now has been seen before in 2000 and 2008. It shouldn't be a surprise to anyone who has been paying attention to the data. A bubble builds and then it begins to pop. + +So, again. If you are treating the stock market as gambling and are betting with money you cannot really afford, think long and hard about why you are doing so. + +Best of luck. +I've seen a lot of questions about whether having limit orders in GME will impact the stock price, so I thought I'd add my understanding. I can't comment on whether those shares can be lent out - I would guess that if the limit price is far enough away (for example, outside of the limit-up/limit-down bands), that they can be lent out, but I don't know for sure. Given the lack of oversight and regulation around stock loan, I doubt it really matters either way. + +That being said, I can tell you pretty definitively that having limit orders far away from the NBBO will not positively or negatively impact the stock price. Generally speaking, high-frequency trading systems (and other automated pricing engines) model supply and demand by incorporating all of the information in the order book, so those orders are included in the model. However, they are not counted as a full share. Most models use some type of decay model - often an exponentially-weighted one. This means that the shares at the NBBO are weighted far more than shares that are posted further away - and the further away you go, the less those shares are counted. So if there are 1k shares at every price level for 10 cents, the pricing engine wouldn't model 10k shares. The first 1k shares are multiplied by 1, the second would be multiplied by 0.9, the third 1k shares would be multiplied by 0.5 the fourth by 0.3, etc. So the pricing engine would model those 10k shares as more like 2k shares, and any additional shares posted far away from the NBBO would barely impact that. + +This is an area of constant research, and is usually referred to as "micro-price" - when HFT models attempt to determine the current security price based on supply/demand dynamics. Here's a decent paper covering the basics and citing to research, if you want to get deep into it. If you look at this paper, you'll see the description above is obviously a simplified example: + +[https://iextrading.com/docs/stoikov\_micro-price.pdf](https://iextrading.com/docs/stoikov_micro-price.pdf) +Hi algotrading, I'd like to share an automated strategy I came up with that shows some promising results. I'd like to quickly just share a broad overview of the mechanics of the strategy, followed by a look at the risk and return characteristics of the strategy. I am by no means a math whiz or investing expert, so all manner of critique is more than welcome. + +# Mechanics + +The strategy is pretty brain dead simple: at the end of every year, take an index (the S&P 500 in this example), filter out a basket of high quality stocks, equal weight those stocks, and hold for one year; rinse and repeat every year. The filter is an equity screen I made that I believe crystalizes a group of companies with best-in-class management, economic moat, and financial stability while also trading at an attractive valuation. This is *not* a predictive model, I cannot tell you which of these stocks will shine, nor by how much; but I *can* say that the underlying qualities these stocks were selected for will perform strongly. The final list of stocks is equal weighted to gain equal exposure to these qualities. + +# Edit: Details missed and caught in comments + +* The portfolio holds between 25-40 stocks year over year with annual turnover of about 85% (remember though that it only trades once per year). +* The portfolio is sector neutral. +* Sortino for the total period is 1.89. + +# Performance + +To evaluate performance, I backtested this strategy using a Bloomberg Terminal for the longest time period allowed, which is December 1999 to present. In breaking down performance, I'll be showing the total return, as well as rolling five and ten year returns compared to the S&P 500. + +&#x200B; + +**Total Performance** + +https://i.redd.it/3h6pgbrx29c21.png + +https://i.redd.it/yplo6hxz29c21.jpg + +Over the 19-year period, the Strategy showed a total return of 866.3% versus 161.9% for the index with a market beta of 0.95. On a compounded annual return basis, the strategy returned about 12% per year versus 5.1% for the S&P 500. Regarding risk, the strategy showed a standard deviation of 16.3% versus 15.0% for the index. Maximum drawdown was also slightly higher for the strategy at -53.8% versus the benchmark of -47.8%. + +&#x200B; + +**Five Year Performance** + +https://i.redd.it/muwrgs7539c21.jpg + +Regarding performance over five year holding periods, the strategy has outperformed the index during every single five-year period from inception to December 2018. The degree of outperformance was most dramatic during the first five-year period, while subsequent periods cluster around an average cumulative outperformance of 39.1%, or about 7.8% per year. + +&#x200B; + +**Ten Year Performance** + +https://i.redd.it/ns4fyzb939c21.jpg + +Regarding performance over ten year holding periods, the strategy has outperformed the index during every single ten-year period from inception to December 2018 .The degree of outperformance was again most dramatic during the first ten-year period, while subsequent periods cluster around an average cumulative outperformance of 86.6%, or about 8.7% per year. + +# Bonus Round: Factor Models and Warren Buffet + +Some may be wondering how the returns look when run through various factor models. Below are the stat outputs from CAPM, Fama-French 3 Factor and Fama-French 5 Factor. For bonus points I'll also throw in a comparison to one of my favorite investors of all time, Warren Buffet. + +&#x200B; + +**CAPM** + +https://i.redd.it/2e3gex3p49c21.jpg + +&#x200B; + +**Three Factor** + +https://i.redd.it/pz0zgznu49c21.jpg + +&#x200B; + +**Five Factor** + +https://i.redd.it/8xvhdfex49c21.jpg + +&#x200B; + +**Warren Buffet** + +https://i.redd.it/cxcwpzb759c21.png + +https://i.redd.it/746t8fpf59c21.jpg +I've been watching YouTube videos on algo trading, and it's been said that with time, an algorithm decreases in performance, especially if more people start using it (which is probably one of the reasons people dont share their algos right?) + +So, how long on average does a profitable strategy give good returns, before it needs to be majorly adjusted? +So is anyone making money at this Algo trading? Why is it all I get for adverts are people trying to get me to buy "their system". If they are making so much why try an sell the snake oil? +Im 4k LOC and 60h deep into writing C/C++ bot with some ML for trading pairs. It is pretty fast and can make decisions 100 times a sec or even faster. The idea was to trade on intervals of 0.1-30 sec. + +So far I had little success because of high fees and low price volatility. The main problem is that if I hold some asset for more than 30 seconds it becomes unreasonable because the bot itself cant see that far into the future. + +I know that HFT is a thing but in my case its about 250ms latency so its not that. + +So before I spend another 60hours on this, since I have little experience in finance I want to know: does trading high volatility stocks make sense on intervals 30sec or less, or the profit will not cover transaction fees and Im better off developing longer period strategies? + +So far I did binance using real time orderbook data, 0.01% fees, +0.02% take profit and -0.1% stop loss. At best it went from 10k to 10k+8$ in a few minutes and then bought DOGECOIN and went to 10k-50$. Average scenario it looses about 1-2$ a minute (OMEGALUL). I can see some ways of improving it but I feel like Im trying to achieve smth which is not feasible without collocation and other serious HFT stuff. + +PS. Cool community! +This isn't a rant post, but a reminder that most people here won't get rich from crypto. I have seen tons of HODL and DCA posts during the past 1 year. They make sense to most of the new investors when you see the market retrospectively. It seems very lucrative and missed opportunity at the same time, when we zoom out and see Coin X making 50X gains, coin Y making 100X gains in a year. + +But there's another harsh truth that seems to pop out when you zoom out on the charts. It's that when the markets plummet, then Hodling isn't easy and many people think that buying at such times is crazy. + +So, if you aren't in crypto for longer run, and invested already too much beyond your limits, then this volatile market is not for you. + +Invest what you can and never beyond what you can't, let the dust settle, markets will rise again sometime in future. +Settle is a platform for blockchain (ahem, ethereum) finance. Developers can deploy apps on Settle and earn a share of the subscription revenue when they are used. What type of app would be the ‘killer-app’ for the Settle platform? + +We're having a **thinkathon** for the whole ethereum community. All you have to do is submit your idea (as a 1-pager). + +We will pick the best ideas and give their creators **$500 worth of ETH!** Submit the idea before the deadline, and if you are a developer, sign up for the hackathon coming up next month for a chance to win $5,000. + +**How to submit?** + +Use this form: [https://goo.gl/forms/2tmLwhNGQTjAgtWj1](https://goo.gl/forms/2tmLwhNGQTjAgtWj1) + +**Who is building Settle?** + +If you visit ethtrader regularly, you likely know Terrible Token Tuesdays from ConcourseQ. The same team behind ConcourseQ is building Settle. We believe in the decentralization metaproject and are building Settle to bring ethereum to the world. ConcourseQ does not collect any revenue, but we hope Settle will. + +&#x200B; + +**Great, I love this, how else can I get involved?** + + +Check out our website: [https://settle.finance/](https://settle.finance/). Even if you can't code, chat is an enormous part of the Settle platform. We are currently accepting applications for people that want to run Chat Hubs at launch. You can find a link to the applications on the homepage! + +&#x200B; + +**What does Settle look like?** + +&#x200B; + +https://i.redd.it/2mn8sbzdy7k11.png + +**Want to know more about apps on Settle:** + +The best place to learn about apps on Settle is the [**Settle Developers Page**](https://settle.finance/developers/). Hear you will learn how easy it is to deploy apps on Settle and also many ideas for what types of apps might work on Settle. + +**Prizes:** + +1st — $300 of ETH + +2nd — $150 of ETH. + +3rd — $50 of ETH. + + +Full rules here: [https://medium.com/@settle\_16615/announcing-the-settle-thinkathon-134242655e7d](https://medium.com/@settle_16615/announcing-the-settle-thinkathon-134242655e7d) +Hey y'all, +In light of recent news, I'm looking to move my holdings out of Coinbase before they start seizing users' funds, Quite frankly, I mostly used it for the convenience factor. Their support (alongside with Metamask's) has been historically bad, speaking from experience. + +Currently considering [argent.xyz](https://argent.xyz) or [Liquality.io](https://liquality.io/) as options. More inclined on moving forward with the latter as it stands (Atomic swaps and UX). + +What wallets are you guys using and recommend? +https://www.nsandi.com/prize-checker/winners + +As always, the draw happens on the first working day of the month. The high value winners list is generated that day. Then the app allows you to check on the 2nd working day. + +Best of luck 🥳 + **Mirror** $MOR is dubbed by the dev as a "NEW CONCEPT by Founding Fathers of Frictionless Trade" Crypto that provides holding and trading instant rewards with burn. + +**Think of like this:** + +**RFI** solved a huge problem with instant **staking** + +**Mirror** solved a huge problem with instant **farming** + +This project is **unique**, never been done innovative projects they don't do minor forks and change variables around. On top of that some parameter fee structure is needed and a bit of better game theory and u have an **original idea** that is superior to RFI in my humble opinion. Everything will be done to ensure longer term stability and growth. + +**For Technical Description:** + +The project rewards buyers. Everytime you buy MOR tokens you are placed in a farming slot. You maintain your position in the farming slot until there are 5 more buys after yours. So if there are 10 sells and 10 transfers to other wallets for example you will farm fees from those 20 transactions and keep going until you are moved out of the farming slot. Also it combines RFI tokenomics so even if you aren't trading to farm you will be getting reflect fees. + +95% of liquidity is locked on DxSale. + +I am sure you have a lot of questions. Please come join us in our discussion group + +Telegram: [https://t.me/mirrorbsc](https://t.me/mirrorbsc) + +Website: [https://mirror.farm/](https://mirror.farm/) (working on very early) +Congrats to anyone who got in early when it was posted a couple of months ago. Still plenty of time as the market cap is still low. + + ⁃ AMA takeaways yesterday : + +⁃ Cross-chain swaps on Binance go live 28th Jan (balances provided by Binance) + + ⁃ Loopring + zx-snarks integrations + + ⁃ Developing their own L2 solution + + ⁃ Instant swaps in February + + ⁃ Mobile version after BSC implemention + +⁃ Top exchanges will be contacted in February/March + + ⁃ Staking + + ⁃ The team is hiring more devs and expanding overall + + ⁃ First buy back of 2021 tomorrow, $6000 in total and added to liquidity, buybacks will continue regularly + + ⁃ As always DYOR but this is a moonshot IMO. + +For anyone who hasn’t heard yet Here are some great things about RBC: + + ⁃ innovative dex, first mover in multiple areas + +⁃ multi-chain DEX and will soon add instant cross-chain trades + + ⁃ will connect to dev team's previous project myWish, making it the only exchange with create and list your token function, among other unique functions + +⁃ integration scheduled with binance, EOS, NEO, okex, etc. + +⁃ Layer 2 incoming + + ⁃ 100% anonymity when trading + +⁃ liquidity pool and staking coming + + ⁃ non anon dev team + + ⁃ audited + + ⁃ $18m market cap + +You can do your own research here: + +Website: https://rubic.finance + +Product: https://rubic.exchange + +Twitter: https://twitter.com/cryptorubic + +Telegram: https://t.me/cryptorubic_chat + +Good luck and strap in! + +Edit: formatting +[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/x3byy4/drscomputershare_megathread_092022/) + +>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! + +🏴‍☠️ [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, + +My wife and I are looking at kids in the next couple of years. Long story short, we’ve decided to go private. I detest the private system and private health, but here we are. + +Rather than taking out a gold hospital policy for couples (I don’t need anything from it), is anyone aware of any reason she couldn’t just take a gold hospital policy by herself and I just get a junk policy to save on tax? + +Cheers! +Good Morning Apes! + +Today the SPY is down even though Chinese markets did mostly fine last night. GME is definitely seeing the effects from that in today's pre-market session. Losing about half the ground we made yesterday so far. I don't expected a lot of volume except for the standard T+2 movement from last Friday's options. + +Check out this weeks analysis here: + +[https://www.reddit.com/r/Superstonk/comments/pw4yvz/jerkin\_it\_with\_gherkinit\_forward\_looking\_ta\_for/](https://www.reddit.com/r/Superstonk/comments/pw4yvz/jerkin_it_with_gherkinit_forward_looking_ta_for/) + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +[Exit DD](https://www.reddit.com/r/Superstonk/comments/nogxnr/infinity_war_the_final_exit_dd_compilation/) for those that want an idea of what to expect when this all goes down + +(save these links in case reddit goes down) + +*(this post will read from top to bottom)* + +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, 185, 187.5, **190**, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 226, 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 Hours + +Someone really tried to slam the close today with 100k volume on that last candle. But down drift with the market was the name of the game today. It looked like a minimal amount of covering for t+2 happened at open and no much else. Tomorrow we may see a small increase in volume if the market comes back, otherwise 8 more trading days till it gets interesting. Thanks for hanging out, see you tomorrow. + +\- Gherkinit + +https://preview.redd.it/4zng59atwaq71.png?width=783&format=png&auto=webp&s=c7eb444dce3fca8a76e865f46bb0bb422b909c79 + +Edit 5 2:19 + +Nice bounce on 180, even some ok volume coming in on the move, It would be nice to see the price come up a bit before close today. + +https://preview.redd.it/fvied8tbdaq71.png?width=1515&format=png&auto=webp&s=f03e1a129961d4c7f10096b1a3f655b1ccb5e713 + +Edit 4 1:18 + +Holding 182, nothing of not happening...we hit a million volume. + +https://preview.redd.it/ftrb9muf2aq71.png?width=1526&format=png&auto=webp&s=374b58316b14e152c39f5b0ebeb402e320bb58e9 + +Edit 3 12:32 + +Little bit of inverse movement on GME, SPY still trending down + +https://preview.redd.it/sct6m2d8u9q71.png?width=1529&format=png&auto=webp&s=d802470f2d54a3726d0db976297b0df81a721c0d + +Edit 2 10:30 + +Spy bouncing off the correction zone and GME clinging to 185. + +https://preview.redd.it/29xyerch89q71.png?width=1523&format=png&auto=webp&s=6c7ad1c64ecd9be47f1114b35fe6ece260fe41c7 + +Edit 1 10:00 + +GME dropping with the SPY, Volume is at 339k, this could go on for a while support at 185, 182.50, 180 + +https://preview.redd.it/7ef7akym39q71.png?width=1535&format=png&auto=webp&s=35adf1bbf71c2b398d2d78d26477d751ebe567e1 + +# Pre-Market Analysis + +Today we have T+2 from last Friday's gamma exposure which should be minimal, mostly it was the last of the ramp that was rolled from the 17th. There were however a decent number of ITM options so some may have been exercised. We also have a bunch of negative press floating around about good ol' Kenny Boi so that could drive some retail interest as new apes jump on board the rocket ship. Volume in the pre-market is better than yesterday at this time, 13k. + +1.5m shares available to borrow between IBKR and Fidelity. + +The next support to the downside is 185. + +Update: 193k shares borrowed + +total shares now available from both 747k + +[There is a gap up to 190 and another small one from 191-194 just above it ](https://preview.redd.it/0cfhsm6jo8q71.png?width=1532&format=png&auto=webp&s=ff74dbab22393783410e109ab10b2dd88bd530d5) + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500. :)* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +Been lurking here and in the FI sub, but not sure which one I belong to. Also pretty new to Reddit generally. See lots of people using a throwaway and not always sure why, so below is intentionally vague; not a throwaway. + +Before I start posting actual questions or commenting on other posts, is this the right sub for me? If not, is there something between fatfire and the plain old regular fire sub? While I don't think income/wealth necessarily correlates with sophistication, I can already tell that the average advice I will get in r/fi will not be very helpful. Generally speaking, my situation is somewhat analogous to doctors like "the white coat investor" (great podcast BTW), but I'm not a doctor. + +Separately, what is best practice for using a throwaway? + +It looks like I can reach between 3.5 and 10mm in investment assets (in 2018 dollars, assuming 3% inflation) for RE. Analysis depends on RE age (47 vs. 52) and estimated returns (between 4 and 10 percent real). Both re portfolio estimates would scale up with increased savings rate (amounts already increasing YoY with conservative estimate of increased income). Live in HCOL area. Pretty much all w2 income. Allocation to index funds currently, but fairly conservative at the moment since I derisked a bit in January and August 2018. + +Would be asking about taxes, new asset types (i.e. hard money lending, pre-ipo equity...), possibility of strategies other than buy and hold, real estate, etc. + + +What is the cost of having kids VS not if you wanted to maintain same or similar level of lifestyle? + +The average cost of raising a child from 0-18 often cited in the media is $200-$300K not including a college education. I assume most of you here intend on funding postsecondary education and living an “above average” lifestyle, so this $ range is not super relevant. + +If your fat target as a single/couple is $X, what % addition would you put on top of that if you are contemplating 1 child? 2? + +Or would you say that at your fat target, finances would not be much of a factor anymore in deciding whether or not to have children? +I currently have 4 Airline stocks, that I bought a while ago that I'm currently up about 30-35%. But I wonder if I should take the profit now or continue to hold them long term? For example, in the last month UAL is down 14%. + +With the Delta variant I am concerned about the airline stocks, BUT it is only July, and July/August should be good travel months, and then we get into the holidays. What do you recommend? +It honestly helps to take time to step back and see the larger forest instead of just looking up at the grove of trees you’re standing in + +There’s lots of indicators, people, and rumors all pointing to a bear market and yes I agree this is technically the worst start of a stock market year in 80 years + +However with that said, taking a step back: + +The Nasdaq is on fire burning though about 19% from it’s all time highs (not counting today’s drop). The Nasdaq only represents a portion of the market and often is saturated with tech. So essentially tech is the main sector flirting with bear market territory. Yes they’ll dip into it today but may rise back out again next week + +Looking at the S&P which covers the broader market it’s down only 11.5% from its all time high. Yes in correction but a long way to go to be an official market bear. The S&P essentially represents the section of forest that keeps getting logged each week. Not quite getting bigger but also getting its edges chipped away bit by bit + +The Dow Jones Industrial Average is only off 7.7% and even with today’s drop won’t be in correction territory. The Dow right now is your healthy mostly thriving forest + +Too many people panic when they see red and become emotionally volatile ironically in away it’s what bulls do which can result in making terrible decisions + +Looking ahead a lot of the fall this week has been pricing in the fed policy meeting more than anything else but amid that backdrop comes the sell in May adage so likely the best investors right now have been the ones who have been sidelining cash all while making no sudden moves within their portfolio waiting for the opportunity to pick up the bargains coming up due on the horizon + +The market used to be significantly overvalued but where we are today is the market is slightly overvalued. Meaning there’s more room to price in the actual value of stock companies admit the backdrop of everything happening. + +The key question, will the sell in May result in a full bear market for the indexes or will we see a bill market run through end of the year? + +I’m expecting some choppy waters going forward a number of months but I don’t plan on ending the year in the red because I learned not to bet against US stock companies + +What do you all think? Bear, bull, or a mix of the two for the remainder of the year and why? +A lot of attractive dividend ETFs have companies in them that manufacture/produce tobacco and/or alcohol. + +What are some of your ethics involved in investing in companies/ETFs, if any? + +While we are at it I guess we can spin the word ethics to mean different things like integrity, mindset, beliefs, principles, etc. +I use Robinhood and this is the first time I am hearing about these allegations. What concerns should I have as a beginner investor with using Robinhood? + +[New York Times Article ](https://www.nytimes.com/2020/12/17/business/robinhood-sec-charges.html) +I’m willing to bet this is a common question, but I’ve recently come off some good gains (yay!) and wanted to set some aside for the long term. Besides the blue chips, I was looking into some potentially riskier opportunities given I’m still young enough to be happy I can buy beer. +Anyway, I came across the covered call ETFs QYLD, RYLD, and XYLD. they each correspond to the Nasdaq, Russell and SP respectively. They each pay an annual between 9-12% on a monthly distribution. +Am I correct in believing that the main “risk” of these funds is that they will crash with the market but will not grow with it? And that’s pretty much it? +Because if they’re flat but paying 9-12%, I’m happy with that, and I’m willing to weather the hard times and keep buying if/when there’s another crash. I don’t think I’d plan on ever depending on this income, when I get to that point I would be only blue chips and strong REITs like O. +Is there another risk I’m missing associated with covered call ETFs? Or are they good steady holds until I’m in my late 40s and more risk averse? +No position as of now, still researching. +I must be missing something about dividends, because in my mind, why wouldn't everyone love them? Some stocks pay you a little piece and some don't, why not exclusively buy products which pay you a little piece? Do the taxes get very complicated? Why is there even a slight argument against dividend stocks? +33 Y/o, currently DCA’ing into the mentioned funds along with JNJ/KO/PFE/BAC (considering adding MMM and/or NVDA). + +SO many good choices and only so little dough to send. Anyways… + +I keep stumbling into BRKB (obv), BLK, and TROW. + +I love Buffett, but I love dividends. BRKB will likely shine like a diamond until kingdom come- and it may likely be worth a buy where it sits currently- but I’m in love with money for nothing, dividends. + +BLK: + +52 wk: $582 - $973. + +Currently seated at $671, down 27% YTD. It is considerably under the 200 day SMA ($815), but this past week it climbed back to end the week basically matched with the 50 day SMA ($673). + +BLK yields 2.86% with a 10yr avg of 2.36%. They’ve gained 62% over the last 5 years, even with the remarkable loss YTD. With a forward PE of 17.3, why aren’t we discussing BLK? Help me out here if ya would. What am I missing? + + + +TROW: + +52 wk: $112 - $224 + +Currently seated at $125.05, down 36% YTD. TROW is considerably under both the 200 and 50 day SMAs as well, ($174 & $134 respectively). + +TROW yields a nice 3.78% with a 10-yr avg yield of 3.04%. They are up 75% overall through the past 5 years. With a forward PE of 12.07, why am I hesitant on TROW? + + +I’m interested in long-term growth/retirement. I’m in the midst of DCA’ing roughly 200K from garbage mutual funds I recently liquidated (long story). + +I like the ideas of JEPI/JEPQ, but at 33, I think I can make considerable growth before entering into likely-low growth/high dividend CC’s. Is my thinking correct? Additionally, is there any logic WHATSOEVER in adding JEPI to my portfolio and using the monthly dividend to keep fueling my (35%) VOO and my (35%) SCHD? + +Full disclosure: I also have smaller positions in IJR, IJH, PRFZ, and VXUS. 10% of my portfolio will lie within the stocks mentioned in the title. + +I know this is a lot, but I take it seriously and I’m ready to lock-in focus. + +Thanks for reading, and thanks for your input! +Wondering if some smarter folks than myself can help provide some context. I haven’t seen this discussed and I think it aligns well to some of the 7/14 theories we’ve been seeing. + +As far as I understand from what Wes, Dave, Dr. T etc. have said - a married put scheme to reduce SI% and kick the can down the road ends with both sides tearing up the contracts a few days before expiration. Today, and until they’re torn up, these contracts are essentially “promised” shares to cover shorts. + +Once they’re torn up, does another round of contracts need to be purchased immediately? Do the uncovered shorts enter another T+ cycle? Can they pre buy contracts today and assign them to these shorts now? Or, with the new rules (I forget them all), is the can kicking ability halted? + +I guess what I’m trying to get to is this: I’ve been disappointed by every date so far, but I’m happy to get hype for 7/14 given the large number of coincidences we’re uncovering. If RC understands the married put scheme then he’d understand these contracts are torn up a few days before 7/16 expiration. If new rules, etc. prevent can kicking that means SHF’s are going to have to cover ~30M shares at some point. If you’re launching your company transforming blockchain the same time 30M shares need to cover that’d be a hell of a potential catalyst. + +Any thoughts/opinions/wrinkles are appreciated. RC would have had foresight after the Jan sneeze to see the SHF’s move and this could have always been his counter. The fact it’s Bastille Day could just be somewhat coincidental to the overall scheme, but now certainly important in terms of dropping hints. +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! + +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! + +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 wanted to hear the stories of options traders who feel they're almost profitable but are just "missing" something. + +Is it a lack of knowledge? Lack of time? Are you unlucky? +Most of banks usually gives only 3.5% interest so I think it's better to keep emergency money somewhere else where we can get better interest and withdraw anytime in emergency. + +What is the best option Bank FD or Debt mutual funds or it's better to have an account on Yes bank which gives more than 6% on saving account? Tax angle can be considered too. + +&#x200B; +Nifty today is at all time high but recently we got the news that the unemployment rate is at 45years high, GDP is <6%. So why is this weak economic data presented not having any big impact on the markets? I don’t want to make this post political but imagine what would have happened if the ruling party did not get such a big mandate? + + +Edit: Not linking unemployment rate directly with the markets only considering it as a weak economic prospect. +Every single articles about mutual fund indicates that one should not look at past performance of mutual fund to decide on if it would give good return. But none of the article actually suggest what exact criteria/ metrices/ ratios we need to look at. + +Below are the criteria suggested by few fellow investors and my opinion about it +1) TER (expense ratio) : This keeps changing almost every couple of weeks. Not sure why do people look at it only while starting SIP and then just forget about it without realizing that this ratio keep changing. + + +2) AUM: Everyone seems to assume bigger the better thingy. How do you define the term 'Bigger'? + + +3) Past performance : Already mentioned that this can't be used as deciding factor to choose mf. + + +4) Suggested by cousin/ friend : Well... Yaah... I won't comment on this 😅 + +5) Fund ratings + + +I'd like to get your opinion/ views/ methodology on which you decide what mutual fund to select or reject. Do you guys look at any other things/ ratios? + +Please note that I'm aware of types of mutual funds etc etc. For simplicity lets assume we are deciding on which large cap fund to invest in. If you are suggesting any particular fund, please elaborate the rational behind it. + +Edit: Added fund rating +This person is running massive ads on moneycontrol about how he is damn sure (whatever that means!) that NIFTY will crash to 7000. He is not giving any timeframe or any reasonable thesis to support his observation. Generally, I'd discount such views, but given that he is probably spending a bomb running ads on moneycontrol, I'm wondering if anyone knows if this is some kind of scam. + +Link to video: +https://www.youtube.com/watch?reload=9&v=utqzNipX7AQ +I am looking for a bank which provides such a service and there seems to be very less options. + +I know Kotak provides this service , but its functionalities are limited. For eg If I wish to add some more funds to the card that is not possible and I need create seperate card with updated amount. + +There are some providers like SBI , but they dont offer international transaction as per description on their site. + +Any suggestions for the same would be helpful! +Hi all +I have be a lurking around for some time. +I have seen many advising to invest in mutual fund for equity and debt for a period of 3-5 years. +Some advising to invest in gold for long term. +But nobody is talking about post office schemes (excluding NPS) which combined with RD give 8-9% ( saw the returns 2 years ago),it is almost the returns given by debt MF. +Is the post office not worth investing? Especially for a conservative investor? +I watched this video of LLA and thought I'll share it as well as get the community's thoughts and experience about it. + +[LLA Video Link](https://youtu.be/00DRsxH-im8) + +PS: I don't use these apps nor will I ever install them in future. +I was looking into NPS and have a slight confusion. + +* There are two tiers of accounts, from what I understand, Tier 1 and Tier 2. Tier 1 is mandatory, and you can only have a Tier 2 account when you already have an active Tier 1 account. +* Now, there are tiers in some schemes as well (Schemes E, C, G, A). How are these tiers within a scheme different, for ex, tier 1 and 2 in Schema A? They do have different NAVs, + * BIRLA SUN LIFE PENSION SCHEME A - TIER I - NAV: 12.0329 + * BIRLA SUN LIFE PENSION SCHEME A - TIER II - NAV: 10 +Hi all + +Wanted to understand how Long Term Capital Loss forwarding and 1L exemption of LTCG (the "tax harvesting" clause) can work together. + +Say I had long term capital loss of ₹1L in FY20 and then made LTCG of ₹1L in FY21. Then can I claim the LTCG ₹1L exemption and carry forward my ₹1L long term capital loss to the next FY? + +Thanks +&#x200B; + +https://preview.redd.it/j878swvek3e81.png?width=1920&format=png&auto=webp&s=8b3a41456bb40e3b236a07ba7becb04fcec9bb01 + +3rd time is the charm. I don't have to sell at any price and plan on living off dividends and share loans. FCCCCCCCCCK the shorts. They could have covered at any time and just keep doing crime. When the FED begs us I will sell 1 share to do my part. + +Mods DRS posts should require less than 150 characters plz + +Back when I was a boy in fck'garia ..... I got fck'ed because I sold what wasn't mine! +*TLDRS;* + +*•****Both DRS Book and DSPP, are in book entry. Book entry is just an electronic form of holding of shares.*** + +*•DRS Book shares are withdrawn from DTC and Cede, this however was never stated in regards for DSPP Shares besides Paul stating “They aren’t held in DTC”, but that they are held in ComputerShares Nominee (from my research in bold)* ***under BOTH the Investors name and the nominees****, which also means…* + +*•DSPP shares aren't 100% DRSed. As 100% would mean the share is held by just you and yourself.* + +***The Direct Registration System (DRS) allows registered securities to be held in electronic form without having a physical security certificate issued as evidence of ownership.*** + +*Reason why you can request a certificate only under DRS Book.* + +*•DSPP Shares are kept under nominee with an unknown percentage of shares being used for liquidity purposes with the DTC for market purposes. This doesn't happen with DRS.* + +*•DSPP Shares ARE HELD BENEFICIALLY 100%, which means your shares are held indirectly with a bank or broker dealer .. no information in anyway in regards of Computershares Nominee and for what it is.* + +***In my opinion, I like DRS Book, and so should you for true 100% ownership.*** + +# Intro 👋 - + +Man, I personally didn't expect the traction of my posts (and others) to result in discussions regarding ***DRS Book and Plan Holdings*** to the point we 'needed' a mega thread because of the sheer volume of posts. + +From peaceful discussions, to being called a shill, FUDer. I was even told to stop 'scripting' at one point! + +Nonetheless I continued on putting the work to dig in every possible direction for sources that would allow discussions regarding the two that wouldn't result in removals due to 'misinformation' or to just be outright 'debunked'. + +***This post will be about my Due Diligence regarding the differences between DRS Book shares and DSPP/Plan Holding shares, and why I've come to the conclusion that -*** + +# DRS Book is The Way 📚 (my opinion 😉) + +Lets dive in this pool of information together. 🏊‍♂️ + +\----------------------------------------------- + + +*Disclaimer: None of this is financial advice, as I WILL be linking sources to my claims, so you can do your own due diligence regarding the subject matter in order.* + +***If you do happen to switch from Plan Holdings to DRS Book, please be aware that when terminating your DSPP plan, you will be canceling your auto-investment (investment made every 1st and/or 15th), as well as a sell of your fractional shares that YOU CAN CANCEL by the following methods linked and how to even just get a customer service rep to do the whole thing for you. (I recommend by phone if you're not tech savvy)*** + +[*https://www.reddit.com/r/Superstonk/comments/zld8ez/comment/j04wldx/?utm\_source=share&utm\_medium=web2x&context=3*](https://www.reddit.com/r/Superstonk/comments/zld8ez/comment/j04wldx/?utm_source=share&utm_medium=web2x&context=3) + + +\----------------------------------------------------- + +# /// Preface 🗿 /// + + +For me, I was aware of the Book vs Plan discussion wayyyy back in the beginning of this *DRS Saga* around August 2021, at that point, no one really 'cared' (including myself) for the differences in my memory as everyone was already *DRS Booked* due to everyone transferring out of brokerages under the *REQUEST* for a *DRS TRANSFER*. + +Fast forward to recent times, Ryan Cohen made a tweet of him wanting to be "Book King👑📗". For the sake of authenticity, I will be staying away from all speculation and will only state "facts" from sources that are reputable, such as *AMAs, FAQs, any customer service representative interactions I've had, including Penny the Computer Share bot, and any SEC filings that pertain to this, as well as DR. T.* + +Anyways, when people started speaking on "Booking your shares", I couldn't help but notice the odd amount of backlash for something so harmless? I say harmless well .. because Booking your shares would move them with your DRSed shares that were already in said portfolio. What harm could that possibly cause I asked myself. + +I started investigating by looking at older posts on Super that were then slandered as 'misinformation' because it was already debunked and were ancient lol. Here's my first comment using those posts as 'sources' regarding it. + +[https://www.reddit.com/r/Superstonk/comments/yzliyv/comment/ix1boka/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/yzliyv/comment/ix1boka/?utm_source=share&utm_medium=web2x&context=3) + +Then, this was the first major combat against anti-book I found. + +[https://www.reddit.com/r/Superstonk/comments/yznl77/comment/ix18sv2/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/yznl77/comment/ix18sv2/?utm_source=share&utm_medium=web2x&context=3) + +I repeated the process *(I moved from DSPP to DRS Book solely on the negativity around it, I've seen it before so I got a move on before hand)* of moving shares from DSPP to DRS Book because I did recall a terms of service hyperlink and this is the said link. + +//// [https://cda.computershare.com/Content/7bfc0b25-4836-40a4-918c-9a86d658d798](https://cda.computershare.com/Content/7bfc0b25-4836-40a4-918c-9a86d658d798) //// + +# //// The Beginning 🌱 //// + +This is the *Computershare DirectStock: A Direct Stock Purchase and Dividend Reinvestment Plan* + +First thing I did when I was smoother brained regarding the subject matter, I did the good ol' CTRL+F to search the document for ***"DRS".*** + +This is what started it all. + +https://preview.redd.it/n1lfz3o5qt5a1.png?width=1042&format=png&auto=webp&s=0aedfb337f62a1e91785ba818053c4209c9f631e + +This just simply lit a lightbulb in my head, "So .. they ARE different in a sense." + +I made a comment basically stating "Under the termination of said plan, your shares that were 'DRS' will be ... moving to DRS?" as well as stating that under actual DRS statements it says "DTC Withdrawal" instead of "Optional Cash" with DSPP. + +[https://www.reddit.com/r/Superstonk/comments/yzs2sr/comment/ix1u0tp/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/yzs2sr/comment/ix1u0tp/?utm_source=share&utm_medium=web2x&context=3) + + +People were completely going around the fact that it states "Move from DSPP to DRS Book". + +My main issue with trying to bring attention to the fact there are two different methods of holding shares was because apes were also still under the impression that "If any shares are purchased on Computershare, they were automatically Directly Registered." + +**So, I sent an email to Computershare to ask for "What are the differences between DRS and Plan Holdings."** + +The conversation raged on quietly in the corners of Super and still contained massive suppression and downvotes, saying that they're the same, using the FAQ as a leg to stand on when I knew deep down there was something missing and wrong. There's a misunderstanding somewhere. + +I stayed quiet while I was waiting for the email and ignored all Book vs Plan posts as it seemed they all died off for the most part . . . + +Until my post. + +# //// The Email 📩 //// + +I woke up, getting ready for work and I saw an email notification from ComputerShare pop up, didn't read it until I got to work. But boy was I excited to see what it read. + +https://preview.redd.it/x2jzle432u5a1.png?width=828&format=png&auto=webp&s=2ff412ef73bbc075dc0cba3b36062dd71a05cae2 + +Um ... wow an actual compare and contrast between the two! At first, I was immediately met with and I quote, + +"Fud forum sliding bullshit" ... along with tons of dislikes for about 20 minutes, I was confused at first, then I started seeing the climb of likes, the climb in discussion. People actually seeing that they were in fact two different ways of investing into GME, one was clearly ***DRS Book Shares and the other didn't mention being DRS what so ever.*** + +That was my main argument at first, to show that Plan Holdings wasn't DRS, and for that it was SPECIFICALLY CALLED . . . ***DRS BOOK SHARES not DRS PLAN HOLDINGS.*** + +The post was absolutely sky rocketing . . . but right before breaking 1,000 and I mean RIGHT before around 990 the post got removed. + +It was marked as misinformation. The Super Mod Team stated in a sticky; + + +>Hey there - although we appreciate the verification, there's still no practical difference between book & plan as outlined in person by Computershare representatives in this recent video: [https://www.reddit.com/r/Superstonk/comments/yznavj/computershare\_holding\_type\_no\_practical\_difference/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/yznavj/computershare_holding_type_no_practical_difference/?utm_source=share&utm_medium=web2x&context=3) +> +>Although your post is insightful, it still doesn't provide explanation to support the debunked idea that shares need to be changed from Plan to Book. Shares held in plan are not held by the DTCC: [https://www.reddit.com/r/Superstonk/comments/yzm40f/comment/ix0qbd2/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/yzm40f/comment/ix0qbd2/?utm_source=share&utm_medium=web2x&context=3) + + +Personally, I didn't like that response what so ever, but tbh, they are right. It didn't *specifically state that the shares aren't take out of DTC in plan holdings*, it was still, speculation on my part, I thought the name differences would be enough. But, I accepted defeat. Sat on it and thought about it here and there but didn't care much as that week was pretty busy because of thanksgiving. + +# Shortly after that post was taken down the same day, mods made a post about DRS Book vs Plan Holdings to keep things "clean and so no more misinformation" could fly around. As well as a new "Help us clean up the rules" with one asking AGAIN if DRS posts should be controlled in any manner. + +Keep this in mind. + +\---------------------------------------------------------- + +**So, I dropped the conversation for a lil over a week and then I saw this post.** + + +[https:\/\/www.reddit.com\/r\/Superstonk\/comments\/z7yav8\/the\_plan\_versus\_book\_computershare\_debate\/ ](https://preview.redd.it/d2ckuav87u5a1.png?width=3344&format=png&auto=webp&s=de6e6c83e5df28f263136b90626f8f8022d6aca1) + + +I wont lie.. this post pissed me tf off. Straight up FUD when the topic was barely being spoken about at that time. People started questioning even harder, booking more and more. + +One person pointed out, + +*"If there's no difference, what's the point in trying to convince people there is no difference? j/w"* + +Another said, + +*"This is horseshit. Say out of 200k accounts, half have fractional shares. Its resonable to assume average fractional size is going to be 0.495 if there's an even spread of fractional shares.* + +*0.495 × 100,000 is 49,500 shares that may be sold out of 90,000,000. That's like 0.05%* + +*That's assuming all fractional shares are sold which isn't the case, my fractional wasn't sold, I've got 0.25 shares in plan. And plenty of others have kept their fractional too.* + +There were numerous posts that same day being anti-book for what ever reason. + +WHY IS THERE SO MUCH DAMN RESITANCE ON THIS TOPIC? + +///////////// + +So . . . I then decided to do something out of the ordinary in my opinion. + +# //// The DRS Book vs DSPP Test 🤔💭 //// + +I decided to post two photos, with two titles respective to the photo shown. + +I wanted to see, which posts would stay up longer, which one would receive more likes, and if any would be taken down by the QV Bot, or by a moderator. *(before you come to any conclusions, it was the QV Bot, for which one? You'll know below.)* + +**Direct Stock Purchase Plan** // 26 likes ... stayed up for over an hour. + + +[https:\/\/www.reddit.com\/r\/Superstonk\/comments\/z84nps\/direct\_stock\_purchase\_plan\/ ](https://preview.redd.it/rkqrnubjau5a1.png?width=929&format=png&auto=webp&s=68ccec17cd8293989d2bee3f900975cbac384093) + +**DRS Book Shares /// 0 likes ... stayed up for 10 minutes.** + +[https:\/\/www.reddit.com\/r\/Superstonk\/comments\/z84qn4\/drs\_book\_shares\/?utm\_source=share&utm\_medium=web2x&context=3 ](https://preview.redd.it/cg28ve9nau5a1.png?width=937&format=png&auto=webp&s=ccae502101366825aff5ccd39d00329fd610bf04) + +# WELL WELL FUCKING WELL. WHAT DO WE HAVE HERE??? A very clear disapproval of DRS Book Shares. + +# I made a post immediately that you can view via the way back machine as well :) + +[https://www.reddit.com/r/Superstonk/comments/z85cgx/drs\_book\_shares\_vs\_dspp\_post\_test/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/z85cgx/drs_book_shares_vs_dspp_post_test/?utm_source=share&utm_medium=web2x&context=3) + +[https://web.archive.org/web/20221129203715/https://www.reddit.com/r/Superstonk/comments/z85cgx/drs\_book\_shares\_vs\_dspp\_post\_test/](https://web.archive.org/web/20221129203715/https://www.reddit.com/r/Superstonk/comments/z85cgx/drs_book_shares_vs_dspp_post_test/) + +Even a mod came in and confirmed that the 'DRS Book Shares' Post was removed due to the QV bot getting triggered for the DRS BOOK post and INCLUDING THE ONE ABOUT MY FINDINGS. + +BUT NOT FOR THE DSPP ONE. + +I left it at that because I knew this would come in handy in the future. + +https://preview.redd.it/2pv9od0ogy5a1.png?width=936&format=png&auto=webp&s=c3e6d1531961b6553d5614195b4099e77e832669 + +Well, I hope that got your tits jacked like a motherfucker, because going back and rereading everything makes me not regret a single second of trying to get to the bottom of this since no one else was. (that I'm aware of lmao) + +But I did end up leaving this topic alone for a whopping 10 days (that's long in super reddit days!) + + +&#x200B; + +While leaving it alone, I've been studying the Computershare AMA's from both Super and Jungle. I was going to continue being quiet and stock pile on knowledge until I saw this post state "It had a misleading title. + + +[https:\/\/www.reddit.com\/r\/Superstonk\/comments\/zght2g\/comment\/izhjpog\/?context=3 ](https://preview.redd.it/qrr4a01heu5a1.png?width=960&format=png&auto=webp&s=bf73a2488f654188b30bbf93405a66de8a4e3dac) + +The title was "Direct Quote Regarding DRS from ComputerShare AMA #2" ... okay how is this misleading? What ever, that annoyed me to and that's what pushed me to my next push for discussion. + + +# //// ComputerShare AMAs📺 //// + + +The holy grail of information that moderators used including Computershares FAQs (that I'll get to later) + + +So I decided to re-watch the AMAs below as I'm now up to par with the vocabulary used within this discussion. The AMAs I watched are as followed. + + +AMA 1 [https://www.youtube.com/watch?v=LVEJo87jejo&t=1216s](https://www.youtube.com/watch?v=LVEJo87jejo&t=1216s) +AMA 2 [https://www.youtube.com/watch?v=bo427AW0anw](https://www.youtube.com/watch?v=bo427AW0anw) + + +Skipped AMA 3 as it didn't mention anything regarding DRS/DSPP, I've even asked Platinum if there was a referenced I missed ... no response. + + +AMA Via The Jungle [https://www.youtube.com/watch?v=zc2\_Zmvf8ZU&t=510s](https://www.youtube.com/watch?v=zc2_Zmvf8ZU&t=510s) + +# AMA Part 1 📺 /// Just gonna dive right in. From here on out, please read and/or listen carefully. I tried my best to write word for word, some points I will summarize into smaller sentences so I can pick up the pace at the time of writing this. + +&#x200B; + +> [06:40](https://www.youtube.com/watch?v=LVEJo87jejo&t=400s) and to clarify, do you know if the shares are removed from the DTCs books? + +&#x200B; + +>Paul: *So when one of these* ***DRS TRANSFERS*** *OCCURS, so when it comes out of the dtc system and goes into the investors name, we go through a double entry to remove the shares from the DTCC and Cede and Co, which is their nominee. We are taking the shares out of the dtcs "name".* + +**Simple, no mentioning of DSPP being taken out of DTCC and Cede. Moving on.** + +&#x200B; + +> [18:09](https://www.youtube.com/watch?v=LVEJo87jejo&t=1089s) People were kind of confused about seeing fractional shares on your platform, and that you actually display them, and it rightfully raised some eyebrows as a few people assumed that only one person can claim ownership to a single share certificate, and fractional shares is something that’s kind of a broker thing in terms of how they purchase it, etc. so how do fractional shares actually work when it comes to ComputerShare and ownership? Do I share ownership with someone else if I have a fractional share? + +&#x200B; + +>Paul: *Okay, so let me try to answer that as there are a few different parts, if we're talking* ***about the Direct Registration System,*** *and how shares are recorded in individual investors names on the register, only whole shares are transferred from the* ***DTC --------> Investors Name or from Investors Name -----> to DTC****.* +> +>*Fractional shares can come about the DSPP (Direct Stock Purchase Plan) that* ***WE*** *operate, where* ***WE*** ***buy shares and record them in the investors name****, in that sense we have the ability to offer fractional shares. At any point, you may transfer to DRS to separate them.* + +*\*record scratch\** + +**Hold on, so you're telling me that YOU guys buy the shares and then YOU guys record them under our name, not the DTC putting them under our name via their DRS withdrawal system** ***which is what we see under our DRS statements*****,** ***"DTC Withdrawals".*** + +**Mark one, of how DRS Book is different from DSPP. Continuing ... also to add, it sounds very similar to this ..** [**https://www.investopedia.com/ask/answers/185.asp**](https://www.investopedia.com/ask/answers/185.asp) + +* A security is held in "street name" when a brokerage holds it on behalf of a client. ***(on behalf of the investor)*** +* The name that appears on the stock or bond certificate is that of the broker ***(in this case ComputerShares nominee which we'll get to)***, but the person who paid for the securities retains ownership rights. + +&#x200B; + +>[19:37](https://www.youtube.com/watch?v=LVEJo87jejo&t=1177s) essentially when it comes to share ownership, with the register itself, you don’t actually own that fractional share. + +&#x200B; + +>Paul: *So when you look into our system, you'll see your total number of shares, which may be made up of a Book Position (regarding this I'm sure he didn't mean to say that as he corrects himself soon after) as well as DRS position,* ***the DRS Position you own UNFETTERED in your name,*** *the shares that are in the plan represent a pool that* ***WE*** *operate on behalf of the investors (assuming this is in regards to us agreeing to the terms of conditions of the DSPP brochure), those shares can be withdrawn and moved to the other part of the account at any time. So you can buy shares through the plan and then transfer to DRS.* + + **unfettered/ˌənˈfedərd** + +1. **unrestrained or** **uninhibited****.** + +**So, DRS is unrestrained but DSPP is restrained? Interesting.** + +**Mark two of how DRS Book is different from DSPP.** + +# AMA Part 2 📺 /// + +> [11:09](https://www.youtube.com/watch?v=bo427AW0anw&t=669s) So when it comes to, I think clarifications for book entry versus direct stock purchase program, so we touched on it before, but we want to dive a bit deeper into it as well. And one of the main questions asked as a follow-up is the difference between book entry only shares and those purchase through the direct stock purchase program. Now, is there any difference in how these are directly registered? AKA, when it comes to ownership, direct registered in owner's name, but direct stock purchase is part of a pool. Does this mean that they are not in the owner's name in a way? + +&#x200B; + +>Paul: *Its a good question, we've been very clear, when shares are registered in DRS, the shares are registered directly on with the company with the investors own name. When investors are buying shares by the plan,* ***WE*** *record their names in a subclass within the register so the names are visible to the issuer, in a technical sense,* ***WE ARE*** *holding a portion of those shares in a* ***Computershare nominee*** *purely so we* ***can effect efficient settlement within the DTC****. Like I stated before, there is nothing stopping any investor from moving shares from the plan holding to the DRS holding. It can be done electronically, its free, there's nothing being untold here on what we're doing.* + +***SIGH*** **. . . See all the extra shit that's being done with Plan Holdings?** + +**They buy the shares with your money, put them under your name well, because you 'bought it', its held in a pool for liquidity purposes. Again, similar to street name.** + +One thing he doesn't mention, but it is implied, that SHARES HELD IN NOMINEE, ARE ALSO UNDER THE NOMINEES NAME. Where do I have this proof? + +# [Right in the ComputerShare DSPP brochure.](https://cda.computershare.com/Content/7bfc0b25-4836-40a4-918c-9a86d658d798) + +In this statement, (parenthesis) with *italics* are my edits. + + +>**Computershare will hold (including in the name of its nominee), all shares of stock purchased or deposited for Participants** ***(investors)*** **and will establish and maintain DirectStock account records** ***(Plan Holdings)*** **that reflect each Participant’s separate interest.** ***(separate interests as in DRS and Plan Holdings.)*** + +. . . Doesn't get any better than that huh? + +# AMA from Zee Jungle 🌿 /// + +&#x200B; + +>What's the difference between Book vs Plan? / Exact start point > [https://youtu.be/zc2\_Zmvf8ZU?t=369](https://youtu.be/zc2_Zmvf8ZU?t=369) \> + +> +>Q: "There's a lot of confusion online regarding this still, as you have discussed in previous interviews, DSPP shares are kept in a different custodial account which is different from Book Shares, correct?" + +&#x200B; + +>*Paul: Different from shares held in DRS Form, that is absolutely correct. Shares held in DRS are recorded as common shares on the register of the company, so they're held in pure legal form under the investors name. Shares purchased through the plan, are held in a subclass, as well as reported to the issuer, just as if they were common shares,* ***but the underline shares are held in nominee by ComputerShare.*** + +> +>*Those shares can however be moved between DSPP to DRS Book at anytime for free. The only reason we do this is purely for efficiency when we're buying . . . shares we need to deliver shares to the marketplace,* ***so having them in nominee helps.*** + +&#x200B; + +**There it is AGAIN, saying that shares in DSPP are not held in Pure Legal Form under the investors name. As they are HELD in nominee, not by YOU THE INVESTOR, the NOMINEE. They will gladly put your name on it as you did cough up the money .. but it is not. Yours 100%.** + +&#x200B; + +>Q: *Do these shares also count as beneficial shares vs registered shares? Are you saying that DSPP would be considered a beneficial ownership situation?* + +&#x200B; + +>*Paul: You're recorded directly on the register of the issuer, the issuer knows who you are so you have that benefit. The common shares are held by a ComputerShare entity, we don't hold 100% of shares that way, we just hold a number of shares that way so we can perform effective clearing and settlement. At any time, the investor can move the Plan to Pure DRS form.* + +&#x200B; + +# The man is saying yes. + + + +[https://www.investor.gov/what-registered-owner-what-beneficial-owner#:\~:text=A%20beneficial%20owner%20holds%20shares,own%20their%20securities%20this%20way](https://www.investor.gov/what-registered-owner-what-beneficial-owner#:~:text=A%20beneficial%20owner%20holds%20shares,own%20their%20securities%20this%20way). + +# What is a “registered” owner? What is a “beneficial” owner? + +**As a shareholder of a public company you may hold shares directly or indirectly:** + +* **A registered owner or record holder holds shares directly with the company.** +* **A beneficial owner holds shares indirectly, through a bank or broker-dealer. Beneficial owners holding their shares at a broker-dealer or bank are sometimes said to be holding shares in “street name.” The majority of U.S investors own their securities this way.** + +Okay, lets see what the brochure says in regards of Broker Dealers. + +[https:\/\/cda.computershare.com\/Content\/7bfc0b25-4836-40a4-918c-9a86d658d798 ](https://preview.redd.it/8cq6hpmwlx5a1.png?width=656&format=png&auto=webp&s=6d1c77f8f9f31ec26472139802cee752ba01c9e5) + +&#x200B; + +# 😐 moving on. + +&#x200B; + +&#x200B; + +So now that I am an ape with numerous wrinkles, a grand total of 2 added. I decided to give it another shot over this weekend. + +I posted my email again. + +# /// The Email, again but with wrinkles 📩🧠 /// + +&#x200B; + +[https:\/\/www.reddit.com\/r\/Superstonk\/comments\/zi69k4\/computershare\_email\_112122\_differences\_between\/?utm\_source=share&utm\_medium=web2x&context=3 ](https://preview.redd.it/0d3mdfc2tx5a1.png?width=960&format=png&auto=webp&s=e06accdbca8b9130b7929a4746e335be0a15ddef) + +I posted it again as the discussions regarding Book vs Plan was nearly diminished, it was the opportune time to have a discussion regarding this as I was knowledgeable on the subject matter. + +I will say this RIGHT NOW. + +>I am not a shill. +> +>I am not trying to stir shit up. +> +>I am not in some group of FUDsters coordinating the Book and Plan discussion. +> +>I am an investor of GameStop. +> +>I like the stock. +> +>I want what is mine, to be mine. +> +>I did my research. +> +>I have been here almost every single day since the creation of this subreddit, Day 1. +> +>Snazzy Bananya's are cool asf + +I posted this image on Saturday December 10th 5:52 PM EST, I told myself to not make any claims myself in the comments so I can comment as unbiased as possible and only comment with information that can easily be backed up. I only made statements when it was prompted. + +You can look through my comments of the early minutes of said post and see the negativity that I was combating in side of my post as well as outside of my post a few hours after. + +If you need a reference point, it starts from when I commented; *Compare and Contrast of plans from CSR.* + +Have fun. + +I will leave it at that for this section. + +&#x200B; + +# /// The Mass Suppression/Mega Thread Debunk🙊 /// + +***Off the bat, I'm not saying mods are compromised, as I do want to clear that up, I will not go down that route, that is up for discussion outside of this post. PLEASE.*** + +Shortly after my post and following comments, an avalanche of posts started raining down upon the feeds. + +I bet that shit was CHAOTIC. Again, it wasn't intentional and I am sorry if it did cause a boatload of stress with the already mountain of shit that's going on in the sub. But the conversation needed to happen. + +A way the moderators decided to suppress talk about DRS Book and Plan holdings because of the sheer volume of posts was to make a mega thread + +[https://www.reddit.com/r/Superstonk/comments/zjzcty/book\_v\_plan\_megathread/](https://www.reddit.com/r/Superstonk/comments/zjzcty/book_v_plan_megathread/) + +To not waste anymore time, I will hop into debunking the mega thread and misinformation/misinterpretation of the FAQs, as well as the cherry picking that's been done with DR. T, and others. + +# FAQs 🗂❓ /// + +Ah the beautiful FAQs, mentioned over and over. Now when diving in, use the information that has been provided not by me, but Paul himself above! + +Lets dive in. + + [https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies](https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies) + +* **What is a registered shareholder?** +*Registered shareholders, also known as "shareholders of record," are people or entities that hold shares* ***directly in their own name on the company register****. The issuer (or more usually its transfer agent, such as Computershare) keeps the records of ownership for the registered shareholders and provides services such as transferring shares, paying dividends, coordinating shareholder communications and more.* ***Shares can be held in both electronic (book entry) through the Direct Registration System (DRS) or certificated form (when permitted by the issuer company).*** + +***Absolutely zero mentions of DSPP in the FIRST FAQ.*** + + + +* **What are the benefits of being a registered shareholder?** +​*Ownership is recorded in* ***your name directly on the register of the company****. You are* ***legally*** *recognized as the direct owner of the shares. Computershare, as agent for the issuer, gives registered shareholders access to their holdings through our online Investor Center platform. Registered shareholders receive a proxy and can cast their vote directly at the company's shareholder meetings. The company has real‑time visibility of shareowners and can efficiently communicate with them. Other common registered shareholder rights include the right to transfer ownership of their shares to others, to directly receive share dividends and also to inspect certain corporate documents.* + +**Notice the word 'legally', here's a direct quote from Paul earlier.** + +>*Paul: Different from shares held in DRS Form, that is absolutely correct. Shares held in* ***DRS are recorded as common shares on the register of the company, so they're held in pure legal form under the investors name.*** + +*DRS yet again.* + +&#x200B; + +* **Can Computershare ‘lend’ shares that are registered in my name?** +​No. This is not an authorized function of a transfer agent for shares held in registered form. + +*DRS Shares can't be lent as we confirmed they are in fact Directly Registered, going off of the first FAQ.* + + +***I'm not confirming anything about DSPP, but . . .*** + + + +* **Are shares held through Computershare/Investor Center registered ownership shares or beneficially owned shares?** +​Shares managed directly through our Investor Center are transferred by DRS are entered onto the register in the shareholder's name. + +***\*whistles\* DSPP where? And why the work around?*** + +&#x200B; + +* **Can I receive a share certificate?** +​In some instances, although higher DTC withdrawal fees may apply. Typically companies register investors into a DRS holding by default. Some companies have stopped issuing share certificates and DRS is the only way shares are maintained on the register. + +***hm.*** + + + +* **What is a direct stock purchase plan?** +​Direct stock purchase plans are an alternative way to buy the shares of certain companies. Benefits of direct stock purchase plans include lower fees, the ability to set up automatic, periodic investments and automatic reinvestment of earned dividends. Individual companies set up direct purchase plans to allow investors to buy shares of stock directly in a company. ***The Company's transfer agent will effect trades through a trading broker and allocate shares to their registered accounts directly on the records of the company.*** For plan-specific information, including fees, shareholders should refer to relevant plan documents. + +***Lets read this part again.*** + +&#x200B; + +>***The Company's transfer agent (Computershare) will effect trades through a trading broker (???) and allocate shares to their (their as in apes and nominee ) registered accounts directly on the records of the company.*** + +***Remember, we share our DSPP shares with the nominee of Computershare that they deem worthy***. + +&#x200B; + +>**Computershare will hold (including IN the name of its nominee), all shares of stock purchased or deposited for Participants** ***(investors)*** **and will establish and maintain DirectStock account records** ***(Plan Holdings)*** **that reflect each Participant’s separate interest.** ***(separate interests as in DRS and Plan Holdings.)*** + + + +### Can fractional shares be held outside a direct stock purchase plan (DSPP)? + +* No. Fractional shares cannot be held outside a DSPP, nor can they be moved to a broker or another intermediary + +***Fractions aren't real shares ✨its a service within.*** + +* DRS and certificated holding types do not allow for fractional share ownership +* When an investor withdraws all or part of their shares in DSPP book-entry form and has them added to their DRS holding (for example after a DSPP purchase settles), any remaining fractional shares will be handled as set forth in the DSPP terms and conditions +* However, there is no requirement to sell fractional shares when transferring any whole shares +* The fractional shares may remain in the plan for as long as the investor chooses, subject to any specific conditions in the plan which may preclude the ownership of only fractional shares. + +***Added this just to clear up "selling fud"*** + + + +* **Can directly registered shares loaned or otherwise accessed by the DTCC, the DTC or any other entity?** +DTCC/DTC and Cede & Co cannot borrow shares from other registered shareholders. Computershare does not lend securities. Shares in direct registered form can be accessed by intermediaries where they are authorized to do so by the investor to sell or transfer them. This is evidenced to the Transfer Agent by the broker or bank transmitting the investor’s name and address, number of shares to be transferred and the investor’s unique holder identification number. This information is transmitted by the broker or bank through DTC to the Transfer Agent using the DRS Profile System. DTC’s FAST System governs the arrangement for managing Cede & Co’s dematerialized balance of shares on the register. Cede & Co.’s holding increases as deposits into DTC are made by banks and brokers and decreases as withdrawals are made by those parties for investors. Please see the video above illustrating these processes for more information. + +***Questioning Directly Registered DRS BOOK, but not A SINGLE MENTION of DSPP/Direct Stock.*** + +***Ask yourself why.*** + +&#x200B; + +# Dr. T 🦍 /// + +A common tweet mods and users have been posting has been this ... + +[https:\/\/twitter.com\/SusanneTrimbath\/status\/1594838022381785090?s=20&t=Xh57WyC3rc6wdo5lhNbr7g ](https://preview.redd.it/2zxoqsd2cy5a1.png?width=606&format=png&auto=webp&s=4acce509a370bed2de580ce32df6a94da8d03471) + +Cool, "A difference w/o a distinction" is what people rolled with. But a tiny scroll below in her thread, you see this. + +https://preview.redd.it/7ft12a0ccy5a1.png?width=602&format=png&auto=webp&s=a9fef181de4e1e5f503793e654a0215d7fab72dc + +But yah know, that was the old FAQ, lets not talk about that, lets not talk about how many like to say "She's the one that created a lot of the rulings." + + +&#x200B; + +https://preview.redd.it/xizcncithy5a1.png?width=600&format=png&auto=webp&s=df129f41cffd7f0f87e078f3c9ee50412bbc5c3d + +But then .. DSPP records both our names and the nominee..? Sooo are DSPP shares not Directly Registered? Because the distinction is VERY clear with DRS as stated by Paul. + + +>Paul: *So when one of these* ***DRS TRANSFERS*** *OCCURS, so when it comes out of the dtc system and goes into the investors name, we go through a double entry to remove the shares from the DTCC and Cede and Co, which is their nominee. We are taking the shares out of the dtcs "name".* + +# "There really is no practical difference" 🤷‍♂️ /// + +Practical differences to Paul are for example, "fraction shares IS a practical difference." Difference on the surface that they advise investors on that doesn't change the way things are recorded. + +He's not saying "They're the same" he's saying "They behave the same." + +For example. + +# When you buy a book from [Teddy.com](https://Teddy.com) (Computershare DRS), those books are yours forever until you sell. When you get a Teddy book from the library (Shares purchased by Computershare that are then held in ComputerShares nominee), it is per say 'yours', but who really owns it? The library. + +He even says here that DSPP shares are beneficially held. + +You can watch the entire discussion between the two Plans starting here [https://youtu.be/9H\_pEIhIdTo?t=419](https://youtu.be/9H_pEIhIdTo?t=419). + +To end this segment. + +**DTC doesn't own or hold DSPP shares, that is correct. ComputerShares Nominee owns them.** + +**DRS BOOK to withdraw from the hands of others completely so they are yours. No one else.** + +https://reddit.com/link/zmmyxl/video/nof1kt11qy5a1/player + +# Bonus Penny /// + +https://preview.redd.it/9ee06i0x006a1.png?width=827&format=png&auto=webp&s=e8d07cf1e517b6fec8a2981437586cb0280b07ac +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! + +Throwaway account for obvious reasons. I've got a significant amount of ETH and with the price run-up, has made me wealthy enough to retire at a young enough age. I haven't told any friends or family at all. Some know that I started buying ETH at around January 2016, but they don't know how much I have. + +I want to tell someone, but I'm afraid of the repercussions of jealousy, people asking for money, or asking for me to pay things etc. I also want to take my parents and siblings out to a very nice vacation but don't want them to know I funded it because I don't want them to ask money from me in the future. We just haven't been all together in a while and it would be nice to have the whole family together for once for a week, stress-free at a resort. + +My spending habits won't change. I'm happy the way things are. I'm still working and will continue to work and won't buy anything fancy for myself. I'll continue to drive my cheap car and rent my dwelling. Buying a lambo did cross my mind a few days ago, though! :) + +Specifically, I'm looking for advice on how to best manage this. I'm not going to cash out soon because I don't need to and I believe that ETH has a good chance of becoming the B2B token for everything. Plus I don't want to initiate paying taxes. I want to participate in staking when it happens as well. + +Does anyone have any books or resources to recommend on how to manage new found wealth? I don't want to hire a financial advisor. + +Edit: Typos. +&#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. +**TL;DR** GameStop is done putting up with nonsense. Hedgies are fukd. + +&#x200B; + +What's up apes, I hope everyone is as JACKED as I am each and every day. This is my first time making a post like this, so please bear with me. + +I'll get straight to the point: I'm as smooth as they come. I FOMO'd in January and barely understand any DD's that are posted, but I figured I could try to be of some help. I'm a Technical & Professional Writing major and work in the world of writing, understanding, and editing documents 24/7. If I'm not jerking it to my GME shares, I'm splunging on business writing analysis instead. Enough about me, let's talk about fonts. + +&#x200B; + +I. **Typeface** + +A typeface is the design behind each written glyph \[character or symbol\] . This is going to include the weight (boldness) slope (italics) width (wide or condensed), line strokes, and many other factors. There are ***THOUSANDS*** of typefaces, but they are primarily categorized within 5 types. oldstyle, modern, slab serif, sans serif, and decorative type. Each of the 5 styles is vastly different from the others, so let's see those differences for ourselves. I will provide a description and photo of each category except decorative, because we have no need for that font style in this lesson. + +&#x200B; + +**Oldstyle** + +All of the curved strokes in the letterforms have a transition from thick to thin. This contrast in stroke is relatively moderate, meaning it goes from kind-of-thin to kind-of-thicker. If you draw a line through the thinnest parts of the curved strokes, the line is diagonal. This is called the stress—oldstyle type has a diagonal stress. Oldstyle typefaces are the best \[choice\] for extensive amounts of body paragraphs. If you are setting lots of type that you want people to actually read, choose an oldstyle. + +&#x200B; + +[Take note to what a serif is. ](https://preview.redd.it/tlzcm084du871.png?width=395&format=png&auto=webp&s=9646e64cfdac7333eab47b62307df805294d2945) + +&#x200B; + +**Modern** + +Modern typefaces have serifs, but the serifs are now horizontal instead of slanted, and they are very thin. The structure is severe, with a radical thick/thin transition, or contrast, in the strokes. There is no evidence of the slant of the pen; the stress is perfectly vertical. Moderns tend to have a cold, elegant look. Modern typefaces work well with headlines, titles, and headings. + +&#x200B; + +&#x200B; + +[Modern typeface](https://preview.redd.it/x24ccevrdu871.png?width=427&format=png&auto=webp&s=991ee981bed6cf97cc7820e0728bb62800353de0) + +&#x200B; + +**Slab serif** + +Many of the slab serifs have a slight thick/thin contrast and are very high on the readability scale, meaning they can easily be used in extensive text. They present an overall darker image than oldstyles, though, because their strokes are thicker and relatively mono-weight. Slab serifs are often used in children’s books because of their clean, straightforward look. + +&#x200B; + +[Slab serif typeface](https://preview.redd.it/q6yizzyzfu871.png?width=395&format=png&auto=webp&s=5676faf61d042353f6b8b2da37836158ed456c91) + +&#x200B; + +**Sans serif** + +The word ‘sans’ means ‘without’ (in French), so sans serif typefaces are those without serifs on the ends of the strokes. Sans serif typefaces are almost always ‘mono-weight,’ meaning there is virtually no visible thick/thin transition in the strokes; the letter-forms are the same thickness. The script category includes all those typefaces that appear to have been hand-lettered with a calligraphy pen/brush \[basically written\]. Sans serif typefaces work well for headlines, titles, and headings. Research shows that audiences find online text easier to read when it is set in a sans serif typeface. + +&#x200B; + +&#x200B; + +[Sans serif typeface](https://preview.redd.it/k2m0757igu871.png?width=428&format=png&auto=webp&s=c8fed7f1a68726eafc7cec4a4f5a6fc1ba4dfd82) + +&#x200B; + +**II. GameStop's Old Logo vs. New Logo** + +We all know, that over the last few days, GameStop has changed their profile pictures and cover photos on social media, and they all look pretty fucking sick. What changed though? Well, let's take a look. + +&#x200B; + +&#x200B; + +[Old Logo](https://preview.redd.it/47e312rqku871.png?width=1400&format=png&auto=webp&s=5521387b3317c6b63e1318b7483c5f3833d134b5) + +&#x200B; + +&#x200B; + +[New Logo](https://preview.redd.it/o5tzudoliu871.png?width=400&format=png&auto=webp&s=54cd84541b7f4f65ec2bedae64515e7e7e987296) + +So... the font itself never changed. The typeface for their logo, in my opinion, is modern. You can see the radical transition from thin to thick in most letters, but mainly in the 'm', 'e', and 'p'. Our change here is not the font itself, but the **BACKGROUND.** The difference between black and white backgrounds is drastic, especially for companies. White backgrounds typically indicate a relaxed, easy-going business. A black/gray background indicates a cold, serious, straight-forward, no bullshit written tone. + +We can go even further, though. Take a look at GameStop's newest cover photo. + +&#x200B; + +[Pretty slick, right?](https://preview.redd.it/8varorhcku871.png?width=1500&format=png&auto=webp&s=1373d89b533e1cc0f0a134b888e6cc502fc01b86) + +The typeface of their photo is different from their logo, which isn't that unusual. The typeface of 'POWER TO THE PLAYERS' is sans serif. + +Now, why is GameStop using sans serif? Well other than the typeface being easier to read online, sans serif is used by big companies that want to demonstrate a simple, no-nonsense attitude. The background color and font, in my eyes, are both conveying the same message of, "We're not dealing with bullshit anymore". + +For even more confirmation bias, you know what else uses this same typeface, color, and psychology? + +&#x200B; + +&#x200B; + +[Black Cards.](https://preview.redd.it/z5zss6aomu871.png?width=976&format=png&auto=webp&s=2347e12429159082626fd043cee694fe3cb9973c) + +&#x200B; + +GameStop is getting serious, and they're letting the world know they're done dealing with nonsense. +u/arsonbunny made [this](https://www.reddit.com/r/CryptoCurrency/comments/7m3nvy/ive_created_an_excel_crypto_portfolio_tracker/?utm_content=full_comments&utm_medium=user&utm_source=reddit&utm_name=frontpage) extensive excel portfolio tracker about a week ago. As a semi-noob at excel, it was a lot of hocus pocus for me, so I decided to make a simple version using the same technique arsonbunny used. I took the API’s of coins I had from coinmarketcap, made it auto-update every 1 minute and when the file is opened, to keep track of prices. + + Like arsonbunny said: + +>“One of the things that the exchanges generally get terribly wrong is portfolio valuation and tracking. In addition to often not showing you the dollar price per coin, they also show the spot price at their exchange rather than the average across all exchanges. In many altcoins there can be quite a large spread in price between your exchange and the market average, and it generally always tends to move towards the average as arbitrage removes the difference. This is why its often better to value your portfolio using the prices on CoinMarketCap, which derives prices by "taking the volume weighted average of all prices reported at each market." + +This excel file can be expanded upon if you are more of an expert, but I thought it would be a nice starting point because it’s easier to use for us excel noobs. The file futures your total portfolio worth, acquisition costs, profit and loss (also per coin) in fiat and percentages, shows you the 1h, 24h and 7d change per coin, etc. This is all automated. The file also uses an API of fiat exchanges, so you will always be able to show the portfolio worth in your local currency (also something exchanges don’t always do if you have a niche currency). + +If you don’t know how to add your own coins, I would refer to [this thread](https://www.reddit.com/r/ethtrader/comments/6b16fk/how_to_import_coinmarketcap_data_into_excel_and/). If you don’t have the time, the wits or the motivation to do it yourself, for a small fee for my time I can add the coins you hold and make the portfolio worth show in your local currency so all you have to do is add the amount you are holding of every coin and the price you bought it for in fiat (the rest of the data autofills). In the latter case, give me a PM! I can also custom make a portfolio if you want top 3 coin prices somewhere for example. + + +Furthermore, big credits to u/arsonbunny and fixer.io for giving me something to work with. + +The templates I currently have are in EUR, GBP and USD and the .rar can be [downloaded here](http://www.filedropper.com/portfoliotemplates). + +Here's a [screenshot](https://i.imgur.com/tXBHSFu.png) of the file. +(The amount in the template are not really what I’m holding by the way - I wish). + +Feedback and questions are more than welcome. + +Hope it can help you out in accurately tracking your gains, all the best! + + +P.S. Sorry for my english, it's not my native language. + +edit: virusscan for the file https://www.virustotal.com/#/file/72ff1ad0cdfeb0078acfeecd721cca3930fdd9f493a937db9db592f7fac7de93/detection +I just want to give everyone a warning about buying most of these DEFI coins at these prices. Many of these coins have like 5 people own 99.9% of the supply, that supply is being staked/yield farmed so it's not on the market right now. These are not buying coins, these are farming coins that are meant for selling. You can get some really good pumps with them because of how illiquid they are because whales are currently staking not selling, but be warned that most of these will go to zero once the whales sell even a portion of their bags. Most people who aren't farming these tokens do not realize how inflationary these tokens are. By design they are not meant for accumulation, they are meant for distribution. Just be careful out there. +Last couple of days I've been getting those Bullish vibes about crypto and I LOVE IT! + +Obviously there was great news for some coins etc... such as for Solana teaming up with PUBG dev team & upcoming LRC & GameStop collab + +What do you guys think? you also feelin good about crypto these days? :) +Before you invest, are you making sure your watching bond yields ? + +The first thing I learned when working on wall street was to watch bond yields. As yields go up, stocks go down, as yields go down stocks go up. + +In 2020, 2021 Yields have for the most part gone down. In 2022 however they will likely only go up (given the fed doesn't back down). + +Compared to **JUST 6 MONTHS AGO**, Bonds are up: + +US 2Yr up 690% + +US 5yr up 204% + +US 10yr up 64% + +US 30 yr up 31% + +This rate of increase is unprecedented. (because rates are moving from the lowest lows, to higher) For reference, the debt crisis that caused 2008 was, among other things, caused by a 30% increase in the US 10yr (from 3.9 to 5.1). Also want to mention that this yield increase happened over the course of 1.5 years, not a few months like we're seeing today. + +Example, the monthly payment for a $300,000.00 mortgage loan in the past 6 months has gone from $1,292 (figured 3.1%) to $1,626 (figured 5%). + +AKA our economy is grinding to a halt. + +I'm hoping to start a discussion, what do you think? What are you doing with your money? When does the system crack, is it within the next few months since were rising so fast, or will this take another year or two to play out? + +&amp;#x200B; + +\-I've been shorting bonds, TTT &amp; TYO since October of last year. + +&amp;#x200B; + +EDIT: Lots of questionable responses on this thread. We're in a bubble. + +Last edit: Maybe not grinding to a halt. But more a turtles pace. Steep decline though considering we were at cheetah speed. +Like many, when I got into crypto many years ago, I was personally attracted to the idea of a decentralized network, which isn't owned by an elite few, or some middle-man. + +Today, it seems the average newcomer has little to no interest in this principle. Moreover, I find it interesting that many who've even been interested/invested in cryptocurrency, continue to show minimal interest in some core principles of economics, such as: Market capitalization, 'Tokenomics', reading a whitepaper, trading/investment principals....and possibly most disturbingly **Distribution of Tokens (wealth)!** + +Imagine for a moment a small elite group of 100 people, in control of assets used by millions. Able to manipulate the market at will, and cash in on their centralized game at any time...Its a scary fate to imagine, especially if you're one of those players in their game. + +The truth is that this isn't imaginary....it's quite literally what the current cyrpto market looks like... + +Enter, **Shiba Inu....Where 82.14%** of all tokens are owned by just 100 people! + +Or even worse **Binance...Where 98.8% of USD coin** and **95.57% of Binance Coin** is owned by the Top 100 holders. + +I know what you're thinking...another post shaming SHIBA, blah, blah, blah....Well, you're right. But, they're not alone. Let's take a look at some of the other most popular crypto currencies, and how they match up (w. sources): + +**% of total supply of currency owned by Top 100 holders:** + +* Binance USD = **98.8%** ^((Source:) [^(https://www.coincarp.com/currencies/binanceusd/richlist/)](https://www.coincarp.com/currencies/shibainu/richlist/)) +* Binance Coin = **95.57%** ^((Source:) [^(https://www.coincarp.com/currencies/binance-coin/richlist/)](https://www.coincarp.com/currencies/binance-coin/richlist/)) +* SHIB = **82.14%** ^((Source:) [^(https://www.coincarp.com/currencies/shibainu/richlist/)](https://www.coincarp.com/currencies/shibainu/richlist/)) +* Ripple = **80.52%** ^((Source:) [^(https://www.coincarp.com/currencies/ripple/richlist/)](https://www.coincarp.com/currencies/ripple/richlist/)) +* Dogecoin = **76.33%** ^((Source:) [^(https://www.coincarp.com/currencies/dogecoin/richlist/)](https://www.coincarp.com/currencies/dogecoin/richlist/)) +* Polkadot = **67.25%** ^((Source:) [^(https://www.coincarp.com/currencies/polkadot100/richlist/)](https://www.coincarp.com/currencies/polkadot100/richlist/)) +* USD Coin = **62.16%** ^((Source:) [^(https://www.coincarp.com/currencies/usdc/richlist/)](https://www.coincarp.com/currencies/usdc/richlist/)) +* Tether = **41.34%** ^((Source:) [^(https://www.coincarp.com/currencies/tether/richlist/)](https://www.coincarp.com/currencies/tether/richlist/)) +* Ethereum = **38.8%** ^((source:) [^(https://www.coincarp.com/currencies/ethereum/richlist/)](https://www.coincarp.com/currencies/ethereum/richlist/)) +* Litecoin = **37.82%** ^((Source:) [^(https://www.coincarp.com/currencies/litecoin/richlist/)](https://www.coincarp.com/currencies/shibainu/richlist/)) +* Bitcoin Cash = **28.4%** ^((Source:) [^(https://www.coincarp.com/currencies/bitcoin-cash/richlist/)](https://www.coincarp.com/currencies/shibainu/richlist/)) +* Cardano = **21.77%** ^((Source:) [^(https://www.coincarp.com/currencies/cardano/richlist/)](https://www.coincarp.com/currencies/cardano/richlist/)) +* Bitcoin = **14.65%** ^((source:) [^(https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html)](https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html)) + +&#x200B; + +For my fellow visual learners, I made this graph to help illustrate what this looks like: + +&#x200B; + +[&#37; of Total Supply Currently Owned by The Top 100 Richest Address Only](https://preview.redd.it/dmwc7jyhsev71.png?width=2102&format=png&auto=webp&s=6bc0d213aed9cd654a9ea48aa99fccfc3f092f85) +[https://coinrivet.com/nasdaq-moves-ahead-with-plan-to-list-bitcoin-futures-despite-falling-price/](https://coinrivet.com/nasdaq-moves-ahead-with-plan-to-list-bitcoin-futures-despite-falling-price/) +Seriously mental health down the wazoo. I went into share cause I heard crypto was bad for my health need I number for support I'm devastated financially after buying lit and cob. Where I get help? +I opened my CommSec account only recently. + +I want to do the following to make sure things are working fine: + +1. Send money from my bank into CommSec + +2. Buy 1 VDHG share using that money + +3. Setup a SelfWealth account + +4. Transfer my VDHG share into SelfWealth + +Will this make tax return very complicated later in the year? If I try transfer the VDHG share on the same day I bought it, will it make things easier? +Hello, you may know me from DD posts about IVZ and 3DP. I'm still heavily in these. But today I bring you SBW. + +Ok for real, this might be the laziest DD you've read because it was copy pasted direct from hotcopper. But it will also be the best DD you've read (no offence to u/bigjimbeef recent DD on this but he's always drunk and while his DD did get me interested in this, I think maybe some people didn't take his post seriously because the post read like he had a beer in one hand and his dick in the other). + +But I've been thinking lately... wouldn't it be nice if I could, for once, jump on a stock, before it rockets? Like... Every stock I've been in so far has holders who are already 10 bagging. How do they find these stocks and how can I become one of them? + +Well, here is your chance. Full disclosure, I'm in at 26.5c, closing price today is 24.5c. It IPOd at 35c so we are still at bargain prices. No rocket yet. If you can think of a reason not to buy, please say so, before I take a larger position tmw morning, as I am trying to keep myself from getting overly keen on yet another stock but so far I can't find a good reason to put money anywhere else. + + +Copy pasta below: + + + +I thought it was about time that I made the “Ultimate Guide to SBW” and consolidated months of research and analysis into one comprehensive post. Then we can add bits to it from there as more positive news develops. + +Let us start with capital structure. + +Capital Structure and Why This Is Important! + +There are currently 139 million shares on issue, sitting at a price of 32 cents. + +This gives a Market Capitalization of approximately ~45 million AUD. + +Keep this in mind when we discuss partners and peers later - it’s arguably a more important metric than share price. + +The Top 20 shareholders of SBW (which includes key management as the Top 2 holders) have about 90% of the stock on issue. The interests of management are well-aligned with shareholders. + +What does this mean in plain English? It means management are extremely incentivized to perform, and are not just idly sitting by collecting an easy paycheck like so many other ASX companies. They have as much at stake as you do! Probably more. + +The Core Business + +The core business is a profitable operation which has been selling weighing systems to both retail and healthcare sectors – with reliable recurring revenue from customers including, but not limited to, household names like Toshiba and Fujitsu. + +SBW have a combination of weighing + artificial intelligence + advanced mathematics which cannot be easily duplicated. The company was first founded in 1971 and was one of the first to shift from mechanical to digital weighing and ultra-thin IoT load sensors. + + +If you are interested in reading up on some of their patents, please see this link: + +https://patents.justia.com/search?q=Shekel scales + +I found 11 separate patents here, which are probably not an exhaustive list, but ranging from weighing vehicles in motion, to load cell devices (this is the flagship technology), point of sale apparatus and infant weight systems (for their medical customers) + +SBW's three main technology pillars, including patented ultra-thin high precision load sensors, can distinguish between Coke, Fanta & Pepsi - even if they are all in 1.5 litre bottles! + + +The Hitachi Project (Hitachi’s Market Cap = roughly ~33 billion USD at time of writing, SBW = ~45 million AUD) + + +http://hlds.co.jp/product-eng/1079 + +[Translated from Japanese] Hitachi-LG Data Storage. Inc. exhibited in “NRF 2020 Retail’s Big Show” which took place at Jacob K. Javits Convention Center in New York from 1/12-1/14/2020, where Unmanned Store solution using 3D LiDAR(TOF) was jointly exhibited with Hitachi America, Hitachi Vantara, and Shekel Brainweigh (Israel). + + + +Some quotes I found from Hitachi themselves + +“Micro-markets are the fastest growing segment of convenience shopping. We see them exploding in high traffic areas, such as workplaces, campuses, train stations and airports,” said Hideki Hayashi, Sales and Marketing Manager, Hitachi EU Ltd. + +“Deploying the joint Shekel-Hitachi solution enables retailers and micro-market operators to provide the 24/7 frictionless shopping experience consumers demand without sacrificing accuracy, performance or profitability.” + +“As the manager responsible for LiDAR products in EMEA markets, I consider the R&D and commercial collaboration with Shekel Brainweigh to be the perfect partnership as we both bring our respective capabilities to develop a seamless consumer shopping experience. We are extremely pleased to collaborate with Shekel Brainweigh, which we believe is the best digital weighing technology developer globally." + +“The collaboration builds on our expertise in optical motion sensors, together with Shekel’s advanced Product Aware Technology, and further strengthens our commitment to overcome the challenges, and address the significant opportunities, in global retail store automation.” + + +https://www.youtube.com/watch?v=P-uxk2Ycoqw + +The Open Retail Initiative + +https://www.lfedge.org/2020/02/13/n...ensor-fusion-for-intelligent-loss-prevention/ + + + +For the one-year anniversary of ORI, six initiative members Edgify, Flooid, Shekel and LF Edge members HP, IOTech and Intel inspired by the initiative, worked together on a demo for the Intel booth that showcased the value of Real Time Sensor Fusion for a loss prevention use case at self-checkout. The retail environment has become incredibly complex. The latest technologies enable data-driven experiences and unlock business value like never before, yet there is still a lack of interoperability making it difficult for retailers to deploy integrated solutions with speed and ease. The demo illustrates how integration roadblocks can be a thing of the past. + +The demo pulls together real time data through the EdgeX middleware from different common systems including POS real-time transaction log, CV-based object detection, scale solution, and RFID, and data fusion—all in a single pane of glass. + +Here are some PowerPoint slides of IBM, Intel & Hewlett-Packard talking about the joint solution + +https://wiki.edgexfoundry.org/downl...amp;modificationDate=1579904283000&api=v2 + +The Fast Track Project + +https://www.edgify.ai/retail/ + +Reduce time at till and selection at self-checkout by up to 98%. Computer vision-based product recognition, that continuously learns directly on the till, so the accuracy of the detection always increases. + +Friction-less stores are great in theory but extremely complicated to scale in practice. Our edge training solution makes autonomous stores scalable, by having all the AI train directly on the camera. No infrastructure costs and no added complications. + +Reduce incorrect selections by up to 90%. Either intentional or unintentional, use computer vision that is trained directly on the SCO itself to reduce loss by more than half! + +No barcodes, no packaging, no worries. Simple USB cameras can detect the produce at close to 100% accuracy. Use as a decision support for cashiers, or to avoid consumers having to go through long and confusing menus. + +https://www.edgify.ai/wp-content/uploads/2019/08/Retail_Intro.pdf + + +https://twitter.com/Edgify_AI/status/1277859718413930505 + +https://twitter.com/Edgify_AI/status/1230534216133332997 + +Shekel’s Visual Recognition Platform embedded with Edgify’s machine-learning training framework is the world’s first cloudless software that automatically recognises products, including fresh produce, at a retail self-checkout. + +This ~45 million AUD Market Cap company allows retailers to potentially bypass expensive cloud services from Microsoft, Google and Amazon. + +Sending data to the cloud is a very costly process with the Google Cloud Platform charging 1,000 stores more than US$7.2 million in cloud computing power per annum. + +https://www.youtube.com/watch?v=FrpZ56IdFtg + +https://www.youtube.com/watch?v=lpqwqQ1tJ4A + +You can see the Shekel system 35 seconds in. + +Patnership with Madix (2nd Largest Retail Shelves Manufacturer in NA) + +https://www.bloomberg.com/press-rel...ade-product-aware-cabinets-to-retail-industry + +NEW YORK -- January 13, 2020 + +Madix Inc., the second largest retail shelves manufacturer in North America, and Shekel Brainweigh Ltd. (ASX: SBW), the leader in advanced weighing technology, today announced the availability of ready-made Product Aware shelves and solutions for the retail industry. + +“By seamlessly integrating Product Aware shelves into our hardware, our customers are armed with accessible data giving them reliable inventory visibility and assisting them in addressing over-stock and out-of-stock problems, as well as better control over shrinkage” said Steve Kramer, VP Sales, Madix. + +“For the retail industry, this is a defined competitive edge that promotes the opportunity to increase profitability.” + +Conclusion + +So, remember - the core scales business is what drives the revenue we see today, but the innovation division is where the real potential resides. That will take a few more months/years to play out. I think most people are buying for the fully autonomous frictionless retail technology which comes with a huge addressable market. That’s still being undervalued in my humble opinion. + +Considering there are quite a few ASX-listed tech companies with no revenue and over 100 million market cap (some even @ 1 billion market cap right now… + + + I don’t see why SBW couldn’t move past ~45m market cap in the near future. + +Now if you read all this - links included- I commend you for your diligence. It should be obvious now that the Capsule (in partnership with Hitachi) is the “crown jewel” or “holy grail” of retail disruption technology plays (look at the success of Amazon GO for example). + +So you are probably thinking: "This sounds great @verce but it’s all just aspirational and hypothetical. When will it be put into operation?" Well I’m glad you asked. The answer might surprise you. And it may be sooner than you think. + +The SBW Half Year Report from 31 August 2020 had a little snippet that I think a lot of people missed. Specifically, the following text: + +“Flagship micro-market project Capsule is in an advanced stage of pilot in Europe, and expected to be open to the public for trial in the second half of 2020.” + +Now you are probably wondering: "That’s great but what if it’s just some obscure insignificant corner store somewhere?" Again, the answer may surprise you, and requires a little digging. + +Enter Groupe Casino. A historic player in French retailing since 1898, the Casino Group is one of the world leaders in food retailing with more than 12,200 stores worldwide, located in France, Latin America and the Indian Ocean and a turnover of 37.8 billion euro. + +In their Annual Report this year, they mentioned an exciting new disruptive project they were working on with a relatively obscure company. + +https://www.groupe-casino.fr/wp-content/uploads/2020/06/RapportActivite_Casino_2019_EN.pdf + +And we have some commentary from SBW featured on Page 42-43 of their Annual Report plugging "the first fully autonomous store in Europe". I'll leave it to readers to determine the significance of being mentioned in the Annual Report of a leading mass-market retail group with billions of Euro in revenue. + +The same group who claim to be the source of many innovations such as the first distributor's brand in 1901, the first self-service store in 1948 or even the display of a sell-by date on consumer products in 1959. They are always pushing the boundaries of innovation, and it's an exciting partner to have. + + +It’s also worth keeping in mind that issuing shares are not the only mechanism by which to raise money. And that a placement at a premium to a sophisticated cornerstone investor can yield great results. Kind of like what happened with 3DP and IHR. + +If I was them, I’d be asking Hitachi to chip in.  + +SBW also have the luxury of generating enough revenue (we are talking USD millions) in 2H20 from the core scales division, that a capital raising may not actually be necessary at this point in time. So they can wait for a better outcome. + +Source: “Post 30 June 2020, the business has seen a resurgence of orders for Shekel’s products, resulting in July 2020 sales exceeding July 2019 sales by approximately 18%.” + + +The final thing I would like to add (if you have in fact read my other two posts which are worth reading) is coming to an appropriate valuation. This is the tricky part, especially with microcap stocks which are valued on their future potential. + +We do know that there are medium to high barriers to entry, and that SBW have accumulated a competitive edge with their technology iterated over several decades, with certain patents in place. + +We also know that the opportunity is global in scope with a huge total addressable market (TAM) - and that traditional retail is ripe for disruption. + + + + +Remember when there were more human checkout lanes at supermarkets than self-checkout? Now it's the other way around. We are even starting to see self-checkout in Bunnings. The trend for autonomous and friction-less shopping - what some term "Grab & Go" - was inevitable. And coronavirus has only accelerated this trend. + +https://www.ibtimes.com/5-tech-tren...-end-year-result-coronavirus-pandemic-3011819 + +5 Tech Trends Expected To Shape Retail Through The End Of The Year As Result Of The Coronavirus Pandemic + +“Retailers and brands will need to collaborate more than ever with technology startups to futureproof their businesses and be better equipped to meet fast-changing consumer demand and behavior,” Coresight said. + +Coresight reported the pandemic has piqued consumer interest in cashierless models. + +Technology firm Shekel Brainweigh said 87% of respondents to its global consumer survey indicated they would choose stores with self-checkout over those with only cashier lines. +___________________________ + +So if you ask me, when you consider all the different technology projects SBW are working on - most of which we now know are "close to commercialisation*" - is 45m AUD market cap really fair value for something that has the potential to roll out globally? I personally think it is still undervalued, but the market will eventually decide one way or the other. + +Even at 70 cents per share, the implied market cap with only 139 million shares on issue is about ~97 million AUD. Which is still less than 100m. And still quite low when you compare SBW's proven technology and revenue to a lot of unproven technology companies with no real customers whatsoever. And extremely low when you compare SBW's market cap to their collaborative partner Hitachi (ranked 38th in the 2012 Fortune Global 500). + +Even at 32 cents as it currently stands, we are still below the IPO price when SBW first listed at 35 cents per share. How does that make any sense? +So I got into investing in pennies in early2021 and made a bit of money and reinvested it, held everything for a bit and it went red.... slightly... then more... then more... now my portfolio is basically 50% down and I'm not sure what to do, part of me says that I should hold until at least one bangs and I can write off all the losses. But what if I'm just holding everything to 0? Should I walk away thousands of dollars down or hodl for another year? + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +DISCLAIMER: This is not my post. I have researched tether a good bit and find the information here true based on what I found but I did not take the time to write something like this. [u/VodkaHaze](https://www.reddit.com/user/VodkaHaze/) WROTE THIS + +What's Tether? + +USDT is a "stablecoin" -- a cryptocurrency whose price is supposed to be pegged to the US dollar -- managed by a company called tether. + +Initially tether said they enforced the peg by having each USDT be backed by a USD in a bank account. Then tether ran into all sorts of hilarious hijinks over the years, many of which we only found out because they [were made public in NYAG litigation](https://ag.ny.gov/sites/default/files/2021.02.17_-_settlement_agreement_-_execution_version.b-t_signed-c2_oag_signed.pdf), including: + +* Having all of tether's money in their lawyer's personal bank account (May 2017) +* Not having any bank account anywhere in the world for 6 monthsto receive money in. Yet still emitting $400m new tethers in that period. Their lawyer's personal account had, at most, $60m at any point. Bitfinex had two institutional deposits in that whole period, neither of whom purchased USDT. +* Failing to complete an audit and settling on an attestation (An audit verifies where money comes from. An attestation is just an accoutnant saying "there was money in a bank account on that date") for "transparency". The morning of the attestation, tether moved $380m from sister company bitfinex into a bank account the morning of the day of the attestation. +* Losing $900M to their money launderer, and covering those losses by commingling bitfinex customer funds with tether reserve funds (2018) +* Finding the last bank on earth, [Deltec Bank from Bahamas](https://www.deltecbank.com/) willing to do business with them after Wells Fargo and HSBC fired them as clients. Remember HSBC has the kind of risk tolerance leaving them to [willingly deals with drug cartels](https://www.icij.org/investigations/fincen-files/hsbc-moved-vast-sums-of-dirty-money-after-paying-record-laundering-fine/). No bank wants tether as a client. + +Just read section 2 and 3 of the NYAG settlement. It's a blast. The best recap on the tether saga is by [Amy Castor](https://amycastor.com/2019/01/17/the-curious-case-of-tether-a-complete-timeline-of-events/), but [Patrick McKenzie](https://www.kalzumeus.com/2019/10/28/tether-and-bitfinex/) also has a good write up. Note that Patrick's piece is quaint now -- it was written back in 2019 when tether's balance sheet was $2B. Tether now has over [$58B on their balance sheet](https://www.singlelunch.com/wp-content/uploads/2021/05/Screen-Shot-2021-05-18-at-11.28.53-PM-1024x585.png) + +As far as we know, there was no point in history at which USDT in circulation were backed 1-to-1 by USD in a bank account. At this point, they stopped even pretending -- each tether in circulation is backed by... [tether's "reserves".](https://www.singlelunch.com/wp-content/uploads/2021/02/reserves.gif) + +The "Reserves" + +For a long time, tether's "reserves" were a mystery. As found in the NYAG investigation, tether likely never had a dollar in a bank account for each USDT, at any point, ever. They're now forced to reveal the makeup in May 2021 as per the NYAG settlement. Tether found a 5-person accounting firm in the Cayman islands willing to do an [attestation](https://tether.to/wp-content/uploads/2021/03/tether-assurance-feb-2021.pdf), which states they have 0.36% more assets than liabilities. + +In anticipation for their forced public disclosure, tether recently posted this [glorious pie chart](https://www.singlelunch.com/wp-content/uploads/2021/05/glorious_pie_chart-1024x769.png) + +Which [has](https://protos.com/tether-pie-chart-usdt-dollar-pegged-crypto-stablecoin-dollar-value/) [prompted](https://bennettftomlin.com/2021/05/13/for-every-1-of-tether-there-are-0-03-in-cash/) [many](https://finance.yahoo.com/news/tether-first-breakdown-shows-token-120000439.html) [more](https://www.ft.com/content/529eb4e6-796a-4e81-8064-5967bbe3b4d9) [questions](https://davidgerard.co.uk/blockchain/2021/05/13/tether-publishes-two-pie-charts-of-its-reserves/). First, we can view the actual debt in this form, as [broken Intel Jackal](https://twitter.com/intel_jakal) ([image](https://www.singlelunch.com/wp-content/uploads/2021/05/piechart.png)) + +Almost all of the reserves are in some form of loan to a commercial company (corporate bonds, commercial paper, secured loans). Only around 5% are in assets whose value we know (cash, T-Bills). + +Inconsistencies + +Tether's general counsel, Stuart Hoegner, posted a [highly unusual blog post](https://stuarthoegner.medium.com/tether-is-setting-a-new-standard-for-transparency-and-responding-to-criticism-that-is-fc130e08319b) in which he claims this is good debt by any standard. This raises many inconsistencies, which are easy to see given the magnitude of the numbers at hand. + +* Stuart claims they don't hold Treasury Bills because the interest rate is close to 0%. If they hold this risky debt as reserves because it pays higher interest, **why does tether only have 0.36% more assets than liabilities?** Either thether's management is looting the interest rates on the assets and leaving USDT holders with the debt's risk, or we're being lied to. +* With $20B in commercial paper at the time of the attestation, and 50% more USDT on the market since, tether presumably has **$30B in commercial paper** at time of writing. The [entire commercial paper market](https://sec.gov/files/primer-money-market-funds-commercial-paper-market.pdf) in the US is around $1T per year. + +We're supposed to believe that **tether somehow holds 3% of the US commercial paper market** at time of writing, and that they *apparently bought 1% of the entire market in the last month alone*. + +* The asset allocation strategy in the reserves seems to be [copied from](https://twitter.com/intel_jakal/status/1394562510070583296) an investment fund at tether's bank, Deltec. This investment fund apparently manages $425M, rather than $60B. +* If the reserves are such regular financial assets, how come respectable accounting firms won't even touch it for a simple attestation? + +We know that some of the money used for USDT come from Chinese money laundering because a tether shareholder [was recently charged](https://protos.com/china-crypto-otc-king-zhao-dong-criminal-charges-court-docs-show/). But we see no mention of frozen accounts in the reserves. Moreover, this amounts to less than $0.5B, and the perpetrator was nicknamed the "Chinese OTC King" -- so even in the charitable case where USDT are fully backed by money laundering, this raises inconsistencies. + +Reminder: non-USD reserves for a stablecoin are a problem + +As noted by [Frances Coppola](https://www.coppolacomment.com/2021/05/tethers-smoke-and-mirrors.html), it's dangerous to guarantee to clients that something is worth $1 when your assets backing it are not dollars. The value of the USD changes very little. The value of crypto changes a lot. + +If you want to enforce a market price of $1 for something backed by not-dollars, then the quantity of reserves needs to go up and down with the asset price changes. Otherwise, you'll eventually become insolvent, when asset prices become lower than what you bought them for. + +Who are these loan to? + +Tether has lost the privilege of the benefit of doubt a long time ago. Here is how tether's Ponzi scheme likely works: + +* All their commercial debt is to the related exchanges (Binance, FTX, Bitfinex - see below) or their affiliated shell companies. +* Tether make new USDT out of thin air and send them against a dollar-denominated loan to these affiliates +* The affiliates use the new USDT to put market buy-orders for crypto, putting them on the new USDT on market +* Crypto goes up in value becaue of the new demand pressure. This overcollateralizes the affiliated loans, justifying more loans. +* Rinse, repeat. + +We can track who new USDT go to directly by looking at their [TRON](https://tronscan.org/#/address/TKHuVq1oKVruCGLvqVexFs6dawKv6fQgFs/transfers), [ethereum](https://etherscan.io/address/0x5754284f345afc66a98fbb0a0afe71e0f007b949#tokentxns), [OMNI](https://omniexplorer.info/address/1NTMakcgVwQpMdGxRQnFKyb3G1FAJysSfz) and [Solana](https://explorer.solana.com/address/Q6XprfkF8RQQKoQVG33xT88H7wi8Uk1B1CC7YAs69Gi) blockchain addresses. By matching the blockchain addresses new USDT are sent to to known parties, we can track who are the ones sending [new USDT on the market:](https://www.singlelunch.com/wp-content/uploads/2021/05/tether-to-exchanges-1024x530.png) + +The counterparties are largely Binance, FTX, Bitfinex, and other exchanges. The commercial paper is presumably to affiliated shell companies. I wouldn't put those companies debt at a dollar-to-dollar valuation; for instance [Binance is currently under investigation by the DOJ and IRS](https://www.bloomberg.com/news/articles/2021-05-13/binance-probed-by-u-s-as-money-laundering-tax-sleuths-bore-in). + +But how does the $1 peg hold? + +This is an easy one. [FTX happily admits to enforcing the dollar peg](https://twitter.com/AlamedaTrabucco/status/1348773044873949185) ([image](https://www.singlelunch.com/wp-content/uploads/2021/05/Screen-Shot-2021-05-18-at-11.12.17-PM-861x1024.png)) + +You can easily enforce the dollar peg by wash-trading around the $1 price and arbitraging on exchanges who don't. + +FTX don't even need to be complicit to the scheme for this to make financial sense: if FTX can get new USDT for $1 on an infinite loan margin from tether, it's perfectly sensible to buy USDT when it's below $1 and shortsell USDT when it's above. + +The Mississippi bubble, 2021 style + +The cryptocurrency ecosystem is conceptually simple. Money comes in from new investors buying, and the same money comes out to pay those cashing out. It would be a zero-sum ecosystem, except for the fact that miners have to pay their [bills in dollars](https://www.singlelunch.com/wp-content/uploads/2021/05/crypto_is_simple.png) + +This is why "bitcoin investors" feel an immediate urge to tell everyone else to invest in bitcoin -- if no new money comes in, the financial structure eventually collapses under the miner's sell pressure. + +Note how this is different than buying a company's stock. People buy and sell stocks on a stock exchange, but the companies independently have money coming in (from their clients). The stock of a profitable company is a positive-sum ecosystem. If somehow no one wants to buy the stock, a profitable company will be happy to buy it back itself. + +When tether comes in with their scheme, they put demand pressure on BTC then add a supply constraint on BTC (also driving up the price!) by reducing the total supply of BTC to [hoard in their reserves](https://www.singlelunch.com/wp-content/uploads/2021/05/crypto_is_usdt.png) + +Notice that even though bitcoin prices are higher, **no additional money entered the ecosystem** in the tether pump. Like a Ponzi scheme, we *cannot pay everyone off at the inflated price* using the pool of money that's in the crypto ecosystem (More specifically, the pool of money in the crypto exchange's customer fund bank accounts) When enough money starts looking for the exit door, a $60B hole gets torn into the ecosystem, and [someone has to pay for it.](https://www.singlelunch.com/wp-content/uploads/2021/05/masterpiece.gif) + +The danger zone happens when BTC drops below $18,500 + +Assuming that each new USDT is used to instantly buy BTC at market prices (This is a lower bound estimate, since USDT are issued on the market between mint periods, where price is increasing), we can track where the BTC "price of no return" is -- where reserve BTC were paid for [more overall than they're now worth.](https://www.singlelunch.com/wp-content/uploads/2021/05/tether_insolvency_point.png) + +We can play around with parameters (they might buy ETH or Dogecoin rather than BTC, etc.) but most calculations land the death zone in the $17k-$20k range -- prices we were at around December 2020. + +The scheme can easily collapse above this point. Bernie Madoff's customer deposits was around $18B against a $65B promised liabilities, but his scheme collapsed way before $40B in funds were withdrawn, because fraudsters tend to mismanage and embezzle some of the money for themselves. + +Notice that the last point in time where BTC price went significantly below the death zone is the March 2020 COVID price crash -- which is also the point where USDT were started to be minted at a parabolic rate. + +The DeFi boom started with the USDT flood + +This is a sidenote to this story, but the Decentralized Finance (DeFi) boom started because of USDT flooding the market. DeFi is not a new invention: it's existed since the 2017 bubble. No one picked it up because it's a fairly useless idea: lock up more collateral for a crypto loan than the loan's value and use the loan. + +DeFi is exclusively used to leverage trading - eg. lock up BTC, keep the BTC exposure, and use the loan to buy more BTC. You can't buy a house or start a business on a DeFi loan -- the point of normal loans is to use personal creditworthiness and **under**collateralization to move future cashflows into the present. For these reasons, [no one picked it up for years](https://www.singlelunch.com/wp-content/uploads/2021/05/Screen-Shot-2021-05-18-at-11.16.05-PM-1024x497.png) + +But notice something happened around the same time as USDT exploded. We can track what happened to DeFi by getting historical borrowing rates and matching them to total money in DeFi (TVL), USDT in [DeFi and total USDT](https://www.singlelunch.com/wp-content/uploads/2021/05/defirates-1024x512.png) + +A clear story emerges: + +No one used DeFi until tether joined the Ethereum blockchain in April 2019. Then a ton of new tethers, with no particular place to go, found themselves emitting DeFi loans. This floored the borrowing rates for DeFi, especially so in April 2020, after tether started printing themselves out of insolvency. + +Once borrowing rates were appealing, DeFi started taking off. + +Eventually, the DeFi ecosystem tried to distance itself from USDT, but the coin is still around 45% of the entire space. + +USDT DeFi loans are generally USDT-denominated. If the USDT peg breaks significantly, these USDT DeFi loans will go into margin call one way or another. + +The noose is tightening + +At the time of writing, BTC crashed from a high of $64k to around $41k (now 38k). But more importantly, for the first time in months, we're starting to see **significant backflows** into tether addresses, largely from Binance. Here are the outflows and inflows (excluding newly minted USDT) into the tether address [on Tron, for example](https://www.singlelunch.com/wp-content/uploads/2021/05/death-1024x567.png) + +The orange lines are USDT coming out onto market. The blue lines are USDT coming back into tether's blockchain address. + +This is means people are recently withdrawing, a lot. The music could stop at any moment now. It could take hours, or it could take months. + +&#x200B; + +&#x200B; + +Not from the copy paste: I want to add to this, on the day of Elon's initial tweet about Tesla not accepting bitcoin, there was a drastic spike of bitcoin coming into exchanges JUST PRIOR to the tweet. Was this Elon, someone he told, or just a lucky trade? Who knows. However, after the tweet there was a sudden move of 650 million tether (so $650m) onto exchanges to BUY bitcoin as the price was collapsing and this stabilized the price. In my opinion tether is being used to inflate BTC but unlike the federal reserve tether cannot print $$$$. **Oh, and tether clearly states they do NOT guarantee any redemption of dollars to holders of tether.** IE they are not assured you can trade a tether for a dollar like other stable coins + +&#x200B; + +I would recommend avoiding BTC until tether is fully audited and we know what companies that commercial paper is from. +[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/x3byy4/drscomputershare_megathread_092022/) + +>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! + +🏴‍☠️ [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/) +Bit of a weird one. I opened an HL LISA when they first came out. I was under 40. Today, I tried to pay in to the LISA for this tax year but couldn't. + +Spent half an hour on the phone to them this morning. They said that because I'm over 40, they can't set up a Direct Debit or recurring payment for me online or over the phone. They said it was because each time I paid into a LISA, it was the same as opening a new LISA, and the age rule prevents me from starting a new one. I don't think that's true - but they were in full "computer says no" mode. + +They said they could post me out a paper form to return to them and that may allow them to set up a recurring payment. They also *thought* they could take a debit card payment, but I don't have one of those. + +So... I'm a bit stuck! I don't know whether a paper form will be processed by the end of the tax year. And I don't really want to move money to a new account just pay from a debit card. All I want is to set up a DD for this year and future years. + +Do other LISA providers have this restriction? +So, I am an ETH investor, and an investor in ICOs for coins that are being built on the ethereum network. Obviously the two are interconnected and benefit each other. + +I'm also aware of the cryptokitties fiasco, and so, I'm wondering, how solid are the ETH scaling measures? I can't find too much accurate info as to what the devs are doing to help with scalability. + +And, to play devil's advocate, what happens if ETH can't keep up with its growth, is super slow, and as a result...all the apps built onto the ETH network become useless? Not trying to FUD. Just a newb asking some legitimate questions. +Just a "showerthought", but I have a opinion, and I **envy** people who enter the world of cryptocurrencies today, because they are at a much greater advantage and in a better position than people who entered the world of cryptocurrencies at the end of last year. + +**Basically my whole post can be said with one sentence: I think that bear market is a great time to get into crypto, much better then bull, and I can only wish that I did the same.** + +Reasons: + +\- considering that we are in a bear market, there is not much hype. So they can "scan" quality projects and have plenty of time to learn + +\- the bear market will clean up useless, inactive projects, thereby reducing the risk of buying some shitcoin that has absolutely no future. This bull run created so many overvalued and useless projects it's beyond belief + +\- while most of us are at a loss and waiting for a bullrun to recoup our losses, they start from scratch. + +\-Since almost everything is already so red that even the slightest uptrend means profit + +\- lower expectations are creating better decisions, less FOMO, less greed, more time to watch and learn from other people's mistakes +MOASS is always tomorrow. Regardless of the dumb tin-foil theory you might uncover, we always get roasted on hype dates. Stop. Seriously. Just stop. + +DRS. DRS. DRS. DRS. DRS. DRS. DRS. DRS. DRS. DRS. DRS. DRS. DRS. DRS. DRS. DRS. DRS. DRS. DRS. DRS. DRS. DRS. DRS. DRS. DRS. DRS. DRS. +> EDIT: Obligatory 🚀🚀🚀🌜🌛🪐🌞🌕. + +* The intention of this post is to shine some light on the potential for NFTs to be used as a DRM tool. + +* This allows the game licenses to be resold at significantly less depreciation benefiting both GameStop and the customer. + +* I believe this can result in a radical increase in profit margin. + +* None of this should be misconstrued as financial advice, rather this is purely DD on NFT as a DRM tool for distribution of video game licenses. + +* EDIT: There's related proof-of-concept regarding ownership of other types of media. Thank you, u/hanz3n for pointing this out. + +* Theta - no not options theta - there's already blockchain infrastructure in place to do exactly what's proposed in this post. (See EDIT 4) + +--- + +GameStop has recently released a Security Analyst position where preferred skills include cryptocurrency and NFT. + +https://careers.gamestop.com/job/analyst-security/J3V0R174DZHKP9C5FVQ + + +**A Quick Few Primers** + +The Security Analyst Position + +What does a security analyst do? + +Well, a lot of stuff, just read the job posting. The TL;DR the role is they watch and review to make sure everything is reasonably secure, and make suggestions to improve security. + +Why would GameStop want to hire a Security Analyst with experience in blockchain? + +• GameStop plans on launching initiatives around crypto and NFT. +• They plan on investing in crypto. +• That crypto needs to be held securely. + +What is blockchain? (Forgive the oversimplification for this primer) + +Blockchain is an emerging (emerged?) technology that serves as the basis of a distributed ledger. In brief, allows "trust" to be spread across many copies of the ledger. Instead of a central ledger we have many copies of the same ledger where each are whole and complete. If I pay you 50 GameCoins, that transaction is propagated to all copies of the ledger. magic happens. Then we can check my ledger against all other ledgers and know it's correct establishing trust. + +NFT + +Any NFT is essentially proof of ownership of an artifact held on blockchain. Because it is held on blockchain we can "easily" transfer ownership and have reliable accounting of the transfer from one owner to the next. + +**The Digital Rights Management Revolution** + +I'm assuming we're all familiar with Valve's Steam. They distribute video game licenses digitally to be played through their platform. Once this license is issued it's yours but not *really* yours it's still Valve's, but you can use it. It's stored on some central database tied to some central ledger for the transaction of your purchase. You can't resell your game, you're lucky if you can return the game! How many games in your library have never been touched? + +Enter GameStop's **GameCoin** (a hypothetical NFT supporting blockchain) + +The currency to use on GameStop's market place that supports NFTs. Game Developers will tokenize licenses to the GameCoin blockchain. A GameStop user can then purchase the NFT from GameStop for retail value, the token is then transfered to their GameCoin wallet. + +A GameStop platform user then has actual ownership of the NFT, this enables them to resell the token. You might ask where would they resell it? Could be a third party platform, or GameStop could have an instant GameCoin feature for 1/2 or 3/4 retail price. GameStop can then resell the NFT at retail price. Alternatively, there could be an in-platform auction house feature to sell your game for more than the instant GameCoin option, and GameStop will still take a cut of the transaction in fees. + +Now with this system the Game Developer doesn't have to trust that GameStop isn't issuing too many licenses, they can simply check the blockchain to see how many of their tokenized licenses have moved out of the GameStop wallet and add at will more licenses if GameStop sells out. It's no longer a matter of trusting Steam on how many licenses they sold and getting compensated on that number. Instead, the trust is distributed across all ledgers. + +Mining GameCoin + +Yes, mining GameCoin will be necessary as incentive to make the ledger distributed, and establish trust (genesis). + +--- + +TL;DR GameStop sells NFT licenses to play games, you can now sell used digital copies. + +EDIT 2: u/Sioned-Song has brought brought to my attention, the potential for novelties to be sold such as celebrity owned licenses. Let's extrapolate, what if you could buy at auction DFVs Skyrim save files? How much would that fetch at auction?! Or a license previously owned by RC? + +EDIT 3: Please understand, GameStop will not acquire Valve or just Steam. 1. Valve is worth more than GameStop right now IIRC. 2. Valve is not publicly traded for a takeover by controlling stake. Also, not the point of this post, the point of bringing up Steam is to contrast with the current licensing model. + +EDIT 4: Shout out to u/pas43 for bringing up Theta that has several patents on DRM with NFT. And is already integrated with Microsoft terms! Whoa... big 🚀 +Throwaway ACC + +Does anyone know if you can work in the financial services industry with a criminal record? + +Supply of prohibited drugs. I was sentenced to a 1yr 6month suspended sentence 12 years ago and have had no further offences. Never physically spent any time inside a gaol. + +According to national law the conviction should be 'spent' but as the offence occured in NSW and the spent conviction timeline is different it still shows on my criminal history report. + +I'm really interested in becoming a financial planner or accountant. I was charged with the offence when I was 19 years old. I'm hesitant to enrol in uni knowing this is hanging over my head and I'll waste 3 years for nothing. + +If anyone has any insight, or know if it's possible to get a lawyer to squash the record or get it updated to spent as per national law that would be really appreciated +So last F/Y my Medicare levy surcharge was around $1500 and my Wife's was $1300. + +Question for those with private health, what is the cheapest base option you have found that gets you exempt from the Medicare levy surcharge? + +Trying to work out if it's worth continuing to pay the levy or get some cheap private health. + +Disclaimer - I'm not at all concerned about extras or actually using private health, if either of us get sick we will be using the public system anyway. I'm purely looking at this from a tax/monetary gain. +There are so many plays to be made in tech companies that have fantastic balance and annual income sheets while their market caps are only a couple billion. For example there are 4 semiconductor small cap companies called Max Linear, Axcelis Technology, ACM Research, and Onto innovation that are growing at an incredible rate and are all profitable but never mentioned. + +If anyone has any other tech stocks that are currently in the small cap range but growing at a solid pace and profitable please share. +The GME weekly call spreads have been very effective recently. The premiums are high, and the value of GME has been on a steady decline with exception to a short rally in August. I have not found any other options strategy as effective. + +Any suggestions on other stocks with high premiums? +AMZN is trading at about $3330 with good support around $3200. I'm going to sell 10 puts at $3200 and buy 10 puts at $3195 ($5 spread). My max loss with this spread is $5000. difference in premium between these strikes is roughly $65. These puts are weekly so I'd make $650/week with this strategy. + +AMZN *does* dip below $3200 so there is risk but I will close my position before it hits my strikes. They just had very good earnings so those puts will be cheaper, might do bear call spreads instead. + +This is my plan as a new theta gang member and I'll admit I'm a noob with options. I understand spreads but not all the intricacies of timing when you buy and sell and knowing when a trade will go south on you. + +So does this sound like a good plan? Anything I'm overlooking because of my ignorance? +Just sold a SOFI put for $5.5 Strike for 5/20 + +I know that this is a small amount of capital I’m using but I’m wondering if this seems like a good play. + +The stock is sliding and could slide further. However I’m ok if the put assigns at that Price. +So I’ve been lurking here for awhile learning about options slowly but my brother is a math major a learned all about the Black Scholes model and Geometric Brownian Motion and understands it. Does he have a leg up on the competition knowing that? And would be worth my while to get him involved in learning options to help me as well? He’s open to idea of learning more about them. +Whether you’re already invested or not in the company but you’re interested in finding out more information, I have compiled facts, questions, links, conclusions and estimates in this post to bring factual information among investors. + +We are entering Q2 2021 which brings an important catalyst for this company. There is going to be a lot of hype, misinformation, and a lot of desperate people. This post is aimed towards investors who are discovering Citius Pharmaceuticals for the first time and want an unbiased deep dive into the company, so opinions and speculation are going to be kept at a minimum. For transparency’s sake, I own 1700 shares of CTXR. + +*I am not a financial advisor, this post is made for educational purposes only. Literally. Don’t take my word for anything that is presented in this post, do your own research, and invest solely based on the thesis that you create for yourself. Don’t get influenced by anyone.* + +**What is Citius Pharmaceuticals?** + +With a name derived from the latin olympic motto “Citius, Altius, Fortius” (Faster, Higher, Stronger), Citius Pharmaceuticals (NASDAQ: CTXR) is a specialty pharmaceutical company dedicated to the development and commercialization of important new drug products for growing markets. [Overview here.](https://www.citiuspharma.com/overview-citius-pharmaceuticals/) + +**What do they do?** + +Citius Pharmaceuticals is currently advancing four proprietary product candidates: Mino-Lok®, CITI-002 (“Halo-Lido” - halobetasol-lidocaine formulation), CITI-101 (Mino-Wrap) and CITI-401 (i-MSC) to treat Acute Respiratory Distress Syndrome (ARDS). Citius is developing therapies for unmet medical needs with cost-effective products in high growth categories with low developmental risk. + +&#x200B; + +https://preview.redd.it/pegrf6nhdfq61.png?width=1253&format=png&auto=webp&s=aa747871e093094a0070f2b312386902725e436b + +&#x200B; + +**Who is in charge?** + +[Leonard Mazur](https://www.bloomberg.com/profile/person/16411097) (Chairman of the Board) was the Chairman of Leonard Meron Biosciences, Inc. prior to its merger with Citius in March 2016. He is the cofounder and Vice Chairman of Akrimax Pharmaceuticals, LLC, a privately held pharmaceutical company specializing in producing cardiovascular and general pharmaceutical products. Akrimax was founded in Sep. 2008 and has successfully launched prescription drugs while acquiring drugs form major pharmaceutical companies. Mr. Mazur also co-founded and served as the Chief Operating Officer of Triax Pharmaceuticals LLC, a specialty pharmaceutical company producing prescription dermatological drugs. From 1995 to 2005 he was the founder and CEO of Genesis Pharmaceuticals, Inc. . In 2003, Mr. Mazur successfully sold Genesis to Pierre Fabre, a leading pharmaceutical company. + +[Myron Holubiak](https://www.bloomberg.com/profile/person/1852651) (President and Chief Executive Officer, Director) was co-founder, director and CEO of Leonard Meron Biosciences, Inc., prior to the 2016 merger with Citius. Mr. Holubiak was the President of Roche Laboratories, Inc., a major research-based pharmaceutical company, from Dec. 1998 to Aug. 2001. Prior to that, he held sales and marketing positions at Roche during his 19-year tenure there. As President of Roche, Mr. Holubiak helped transform Roche Labs into a leading antibiotic and biotechnology company. + +[Jaime Bartushak](https://www.bloomberg.com/profile/person/19762046) (Chief Financial Officer) is an experienced finance professional for early stage pharmaceutical companies, and has over 20 years of corporate finance, business development, restructuring, and strategic planning experience. Most recently, in 2014, Mr. Bartushak helped lead the sale of PreCision Dermatology, Inc. to Valeant Pharmaceuticals International, Inc. Mr. Bartushak is also one of the founders of Leonard-Meron Biosciences, and was instrumental in its start-up, as well as obtaining initial investment capital. + +[Dr. Myron S. Czuczman](https://www.bloomberg.com/profile/person/21870322) (Chief Medical Officer and EVP) is an experienced physician-scientist, academic oncologist and pharma executive with decades of experience in the strategic design, implementation, and oversight in the global development of novel therapeutics for hematologic malignancies. Dr. Czuczman joins Citius from Celgene where he was Vice President, Global Clinical Research and Development, Therapeutic Area Head of Lymphoma/CLL. In this role, Dr. Czuczman managed a global team of physicians and scientists responsible for cross-functional development of compounds from proof-of-principle to worldwide registration. + +[Citius overview on their leadership.](https://www.citiuspharma.com/overview-citius-pharmaceuticals/leadership) + +&#x200B; + +**How is it going for them?** + +Mino-Lok is an antibiotic lock solution used to treat patients with catheter-related bloodstream infections (CRBSIs). Mino-Lok product is intended to salvage the CVC (central venous catheter), obviating the need to remove and replace the catheter. This is a recognized unmet medical need. The drug is currently in Phase 3 clinical studies with an independent DMC (Data Monitoring Committee) interim efficacy review coming late-April/early-May. Mino-Lok has proven 100% efficacy rate in both Phase 1 and [Phase 2](https://www.citiuspharma.com/mino-lok/phase-3-mino-lok/) trials. + +&#x200B; + +https://preview.redd.it/574uku0jdfq61.jpg?width=640&format=pjpg&auto=webp&s=23ae0cbc989f8e513956112915b244d73032d494 + +&#x200B; + +&#x200B; + +[Halo-Lido](https://www.citiuspharma.com/halo-lido) is being developed as a proprietary topical formulation of halobetasol and lidocaine to provide anti-inflammatory and anesthetic relief to persons suffering from hemorrhoids. Although there are numerous prescription and over-the-counter (OTC) products commonly used to treat hemorrhoids, none currently possess safety and efficacy data generated from rigorously-conducted clinical trials. Citius believes its halobetasol-lidocaine product will become an important treatment option for physicians who want to provide their patients with a therapy that has demonstrated safety and efficacy in treating hemorrhoids. Phase 2b trial will begin in Q3 2021. + +&#x200B; + +https://preview.redd.it/zwppok0kdfq61.png?width=1253&format=png&auto=webp&s=a2d411c714fcb228b359820912709cfa630ee855 + +&#x200B; + +[Mino-Wrap](https://drug-dev.com/mino-wrap-to-be-developed-through-an-ind-process/) is a novel approach to reducing post-operative infections associated with surgical implants. Mino-Wrap is a liquefying gel-based wrap containing minocycline and rifampin for reducing tissue expander (TE) infections following breast reconstructive surgeries. It is a laminate film comprised of porcine gelatin plasticized with glycerol. Mino-Wrap also contains the antibiotics minocycline and rifampin to reduce bacterial bio-burden on implantable devices preventing colonization over a sustained period of time. The current standard of care (SOC) can be improved upon and infection rates reduced, according to Citius Pharmaceuticals. The drug is currently in pre-clinical development. + +&#x200B; + +https://preview.redd.it/jkbjwkukdfq61.jpg?width=1007&format=pjpg&auto=webp&s=26203791e397d92d0618f034b642c508e3b585a6 + +&#x200B; + +i-MSC, or CITI-401 is being developed to treat ARDS as a cause of COVID-19. It is currently in pre-clinical stages and the IND (Investigational New Drug) application is expected, according to Citius, in the first or second quarter of 2022. + +&#x200B; + +https://preview.redd.it/lwcu1ivldfq61.jpg?width=1507&format=pjpg&auto=webp&s=7ce69f6895ff8fd8d9505cc448986f09d3c5a92e + +&#x200B; + +**What is the major catalyst as of April 2021?** + +Mino-Lok, the antibiotic lock solution to salvage CVC’s demonstrated in past clinical trials an efficacy of 100% in salvaging colonized CVCs; the Mino-Lok product had no significant adverse events, compared to an 18% serious adverse event rate when infected CVCs were removed and replaced, which is the SOC as of now. [A clinical data manuscript can be found here.](https://www.citiuspharma.com/wp-content/uploads/2019/05/Salvage-of-catheters-with-MLT-results-of-phase-2-study.pdf) + +Currently there are no competitors in the market that Mino-Lok addresses. + +Mino-Lok has also received FDA Fast Track with [QIDP designation](https://www.fda.gov/files/drugs/published/Qualified-Infectious-Disease-Product-Designation-Questions-and-Answers.pdf), which is defined as “an antibacterial or antifungal drug for human use intended to treat serious or life-threatening infections, including those caused by an antibacterial or antifungal resistant pathogen, including novel or emerging infectious pathogens. + +[FDA’s “Fast track”](https://www.fda.gov/patients/fast-track-breakthrough-therapy-accelerated-approval-priority-review/fast-track) is a process designed to facilitate the development, and expedite the review of drugs to treat serious conditions and fill an unmet medical need. The purpose is to get important new drugs to the patient earlier. Fast Track addresses a broad range of serious conditions. A drug that receives Fast Track designation is eligible for some or all of the following: + +* More frequent meetings with FDA to discuss the drug's development plan and ensure collection of appropriate data needed to support drug approval +* More frequent written communication from FDA about such things as the design of the proposed clinical trials and use of biomarkers +* Eligibility for Accelerated Approval and Priority Review, if relevant criteria are met +* Rolling Review, which means that a drug company can submit completed sections of its Biologic License Application (BLA) or New Drug Application (NDA) for review by FDA, rather than waiting until every section of the NDA is completed before the entire application can be reviewed. BLA or NDA review usually does not begin until the drug company has submitted the entire application to the FDA + +The frequency of communication assures that questions and issues are resolved quickly, often leading to earlier drug approval and access by patients. + +Based on Phase 2b results, Citius Pharmaceuticals believes that the Mino-Lok® product is highly effective in salvaging infected indwelling catheters and is well-tolerated, making Mino-Lok therapy an attractive alternative to removing and replacing a new CVC. + +In Nov. 2020, Citius announced the results of a study that Mino-Lok eradicates S. aureus Biofilm more effectively and expeditiously than components. [This is a good read.](https://www.prnewswire.com/news-releases/citius-announces-results-of-study-that-mino-lok-eradicates-s-aureus-biofilm-more-effectively-and-expeditiously-than-components-301180863.html) + +“Staph aureus is one of the most worrisome pathogens in catheter related bloodstream infections (CRBSI). This pathogen receives special consideration even in the IDSA guidelines for treating CRBSI. We are very pleased to show that Mino-Lok appears to be more effective, and work more expeditiously, than even ethanol," commented Myron Holubiak, Chief Executive Officer of Citius. + +The company is currently conducting a Phase 3, multi-center, randomized, open-label, assessor-blinded study with 144 patients. The objectives of the study are the following: + +* To evaluate the efficacy of Mino-Lok along with standard of care (SOC) systemic antibiotics for salvaging the central venous catheter (CVC) in subjects with catheter-related or central line-associated bloodstream infection (CRBSI/CLABSI) +* To evaluate the safety of Mino-Lok in subjects with CRBSI/CLABSI. + +According to the [latest videoconferences](https://youtu.be/aGrLMN-RnCQ?t=20395) held in March by both Leonard Mazur and Myron Holubiak, the Pivotal Phase 3 ALT Study began in Q2 2017 and is supposed to end in Q3 of 2021. The catch is that based on the comments and recommendations made by the DMC, which are further supported by the June 2020 FDA guidance document titled “[Statistical Considerations for Clinical Trials During the COVID-19 Public Health Emergency](https://www.fda.gov/regulatory-information/search-fda-guidance-documents/statistical-considerations-clinical-trials-during-covid-19-public-health-emergency-guidance-industry)”, they have amended the DMC charter to enable a “superiority” review at 65% of the expected events rather than 75% as originally planned. The final DMC meeting is going to be held in late-April/early May and is critical to the evolution of the phase 3 trial of Mino-Lok. They can say that it is unethical to keep the trial going based on the positive results and speed up the process for the FDA approval OR they can say that data is insufficient and keep the trial going for as long as it’s intended to – Q3 2021. + +People are investing into a favorable decision by the DMC regarding the efficacy of Mino-Lok to stop the trial early, judging by the results of the past clinical trials. + +**The main risks of investing in the company are:** + +* Biopharmaceutical companies represent a high degree of risk because the majority of the drugs and products that they are testing fail in early trial stages. +* The company has no basic income, no revenue, no products, relying entirely on investors for funding. +* Any delay or even failure in a trial could force the company to issue more shares for funding, possibly diluting the share price. +* The DMC deciding to continue the trial for Mino-Lok as intended and prolong the Phase 3 trial to Q3 of 2021. +* Not receiving FDA approval for Mino-Lok, despite the Fast-Track QIDP designation. + +**Are there other positive aspects that counter these risks?** + +Yes. + +According to [fintel.io](https://fintel.io/n/us/ctxr), Citius Pharmaceuticals has 10.7% insider ownership, 13,457,939 shares equating to cca. $25.5 million (at a share price of $1.90), out of 125,758,091 shares outstanding, which brings a sense of confidence among investors. In February 2021, [Citius Pharmaceuticals closed a direct offering of $ 76 million](https://finance.yahoo.com/news/citius-pharmaceuticals-announces-closing-76-214700748.html), which they say is more than enough to bring their first product, Mino-Lok, to the market. In addition, CTXR has a total of 4 promising products across a span of 3-4 years, so they don’t rely on the success of a single product to survive and thrive as a company. + +TL;DR: I can’t possibly sum up this much information here. Try reading the whole thing if you’re genuinely interested. I invite those interested to click the links in this post, they lead to more and more information. +I feel cheated so many times with the market. + +For example. I bought shares in JET Canada at 0.89. Had a steady climb to 1.42, then yesterday when the market was closed they dropped a bombshell that they had no planes. So obviously the stock will go down, well i'm sitting here knowing this and can't do jack shit. + +I sold my shares off the minute the marked opened and well made a small gain but the problem is, how would you even operate when they drop things like this on closed market hours? + +They say buy the rumors and sell the news. Well I am freaking trying too. What's the logical thing to do? Sell with small profit each time because the risk of bad news lurking on closed hours? + +Some insight would be helpful. Thanks! +I know I’ll never be able to afford a home. I definitely don’t want children. A 1 bedroom apartment is almost 2,000 a month. I’m 25 and I know in 5 years it won’t get any better just more expensive. I don’t have enough time for college because I work two jobs struggling to pay rent, car insurance, medical bills and an old credit card bill. I get bitter of seeing success posts of people making 65-90k from job offers. Everytime I interview a recruiter always ghosts me. +Basically the title. Is this essentially what people need to hit income-wise to live on their own in a major city? And is it a *hard* requirement for most landlords? If so, I think I may have to co-sign for an apartment to make this work. +To start I am in favor of it because my understanding of the issue is that it would lead to in general a higher quality of life for people of the lower class, which I acknowledge that I am a part of. The red side of me however is harping on the notion that I earn as much as I do as a result of great personal effort and time investment into my craft, beyond working hours, etc etc you get the idea. + +My reaction is that my buying power in relation to the average is going to decrease by a noticeable and uncomfortable amount. Again this is just on a personal level, I feel as though I am in a very specific demographic that stands to in a selfish way lose out on this concept. Does this idea hold any water and if not, why am I wrong? +I know it's a medium of exchange, unit of account, and a store of value. But like what is it really? Is it a reward for increasing the utility of the world? If so why do hustlers make money? +I am a first-year undergrad, doing my BA in Economics in India. My University just started offering Economics this year and is really an Engineering school, so it doesn't offer elective courses in Maths for stuff like Real Analysis or Probability for BA students. I have done higher level calculus and basic linear algebra, but from what I gather from online sources, you need a lot more maths to really stand a chance to get into a good grad school (US or Europe). Can I do online courses from places like Edx and Coursera to include them in my application? Do grad schools even consider those certificates? If not, what other options do I have? +There is a frustration I have every time I purchase an airline ticket, I have no idea if I got a good deal or I got ripped off. + +I've seen certain sites attempt to predict if I am buying a ticket at the right time but I can't help but wonder if airlines incorporate this into whatever algorithms they use to determine airfare pricing at any given moment. + +There also is something so snakeoilish about the airfare market. Several people charge for newsletters where they claim to find cheap deals that no one else can get, others charge for courses to find the right deals, etc. This is to say nothing of the dozens upon dozens of flight price aggregators out there all claiming supremacy in their ability to isolate good deals. + +Is there anything that the average consumer can do to "beat" the airlines and get cheap airfare? I'm not convinced there is beyond the general principles of buying tickets for times of year where tickets are not in demand (which can be highly inconvenient!). +I \[21F\] am currently an Economics, Law and Business Administration student. When i chose this degree in 2017, I had no clue about what I wanted to do with my life, hence choosing a degree with broad job options. My parents both wanted me to do this, which influenced me a lot. + +The further I get into this degree, the more i get the feeling that I really want to make a difference. I want to help people and make sure my life was somewhat meaningful. All the finance / analyst jobs for big firms just don't speak to me... Now i'm really doubting whether i've made the right choice and shouldn't for example switch my degree to Law or Political Science. It's stressing me out so much that i feel like I'm on the verge of breaking down. + +Are there any people here who have studies something similar but have for example ended up in the non-profit sector or feel like they do make a difference with their profession? Should i switch degrees, eventhough i'm 4 years into this one? + +Please please please help me out here +I was reading some on the Obama era stimulus and its effectiveness. And they were saying the stimulus had mutipliers of around 1-2 depending on the group. But this caused another, more general question to arise. + +Which mutiplier tends to have the greatest impact? I dont think economists typically view them in isolation, they are used to estimate the impact of certain policies. But, let's say to boost an economy during a recession, is there generally a mutiplier that's best? I would assume it's likely the fiscal mutiplier or money mutiplier because those are the two main ways to go about boosting the economy. + +On a slight tangent note, i think Friedman in his book capitalism and freedom claims that the fiscal mutiplier is almost always near 1. But with the papers I was reading they were saying its above one. Does this imply that Friedman was wrong? Or that government policy has gotten more effective since the 60s (when capitalism and freedom was originally published)? + +Papers in question VV + +[”Did the Stimulus Stimulate? Real Time Estimates of the Effects of the American Recovery and Reinvestment Act](http://www.nber.org/papers/w16759.pdf) + +[“Does State Fiscal Relief During Recessions Increase Employment? Evidence from the American Recovery and Reinvestment Act."](http://www.stanford.edu/~waw/papers/Chodorow-Reich_Feiveson_Liscow_Woolston_state_fiscal_relief__aug_2011.pdf) + +[Place where I found the articles also offers a summary for the above two, plus has a few other articles on the subject.](https://www.washingtonpost.com/blogs/ezra-klein/post/did-the-stimulus-work-a-review-of-the-nine-best-studies-on-the-subject/2011/08/16/gIQAThbibJ_blog.html?utm_term=.aec8bcafb7c6) + +Edit: formatting and a summary +Firstly, I know market timing is nigh impossible, and trying to figure out which stocks to sell or short is not the purpose of this post. I am also not looking to forward any political agenda or prompt a debate, because I don't know enough about economics to debate anyone. I would, however, like hear to from an expert on their sense of the current state of the market. + +I ask this because the current bull market seems very much like a bubble to me. The rates at which the DOW and other major indexes are increasing in value strike me as both unsustainable and rooted in over-enthusiasm among investors. When I look at readily available graphic depictions of macroeconomic trends, such as the Schiller P/E, it appears to me that the market is due for a correction very soon. Would someone like to offer me some of their own analysis so I can better understand the current economic climate? Is the American economy really as strong as the numbers suggest on their face? +I was reading about how bad things have gotten in Venezuela, and I began to wonder why inflation doesn't create it's own drag? You would think that, at a certain point, given that inflation rises prices so high that no one can afford the commodities, then commodity prices would have to fall. To make a really simple example of what I mean: + +Baker: Because of inflation, this loaf of bread now costs $1000. + +Crowd: No one here has $1000. + +Baker: Okay, then I'll take less than $1000. + +But, in Venezuela right now, there's mass malnourishment and hunger, because people can't afford food. And of course this has happened in other countries with out-of-control inflation. I'm struggling to see why it doesn't self-regulate better. +Hi. I live in Massachusetts. The unemployment rate is 3.5% and the participation rate is 65.6%, which are both better than the national averages. + +However, I pass by probably hundreds of businesses a day with signs on the windows saying "we're hiring," "staff wanted," and "need help". I don't remember seeing these this much in the past. Never mind the unlimited amount of job postings online in the area for high skilled jobs. + +Are there not enough people out there to fill these roles? What are the negatives of having too many jobs available? Could a recession trigger from something like this happening? + +I feel like workers and owners maybe do too much now, and if they can't find more workers for these roles, the production would go down after being worked so much where they can't do it anymore? Is that possibly true? +I've noticed that every currently existing currency, be it the Pound, the Dollar, the Rouble or any pre-Euro currency had been steadily losing it's value since the 1900s. Not a single one is in a better state than it was previously. Why is that? +Thanks! +EDIT: Thanks for all the responses I was confused I am less now. + +This got rejected from ELI5 and automod told me to post here. + +Here's how I understand a wage increase and why it seems good from what I learned in an ECON 100 class: + +Wages go up and businesses have to lay people off. The people who don't get laid off have more money from the wage increase, therefore, they can buy more. When they start buying more, there becomes a need for more people working to keep up with increased demands, and since the wage went up there is more spending and businesses can now hire more people at that same upped wage. The people who get hired after the wage increase now have more money and spend, therefore increasing the need for employees. Since more employees are needed because of the extra spending (giving the businesses more money), they can hire more to keep up with demands. The cycle repeats until or whatever city/town/district hits economic "full employment". + +Can someone please explain why a wage increase is bad, I cannot think of a downside in the long term. In the short term, sure it seems bad but after that, it should improve in the long run. +Hey everyone, a little background info: + +I'm currently working towards my B.A in Economics and approaching a time in my life where I have to make some important decisions about what I want to do pertaining to a career. I've chosen Economics not because of the traditional fields you are able to get into necessarily, but more so because I enjoy some of the fundamental tools used in Economics to explain rational decision making and human psychology. This isn't to say that I don't find the institution of Economics fascinating, because I do, but I sometimes feel as though I'm dedicating my time and energy to this for the wrong reasons. At this point I've only taken two economics courses, Intro to Micro and Macro. I have a couple of questions, if you guys could shed light on any one of them I'd be super appreciative. + +1. Do you find that your degree in Economics has pigeonholed you into a very specific set of fields in terms of job opportunities, or would you say that your opportunities are far reaching and more general? + +2. Through your study of Economics, have you found that you think about problem solving and rational decision making differently? If so, has this difference been to your benefit in the workplace? Does it make you more desirable to x firm? + +3. How essential is the curriculum you got in Economics in your workplace? In your experience, has your work been more "learn as you go" or have you been expected to have expert knowledge on the subject from day one? + +If any of my questions are unclear I'd be happy to elaborate. Thanks for your time, I'm sure you can empathize with being a scrambled college student looking for answers. +So I found an essay in /r/AskSocialScience (which, by the way, seems completely opposite in general ideology from this sub and /r/badeconomics despite economics being a social science) by Joseph Stiglitz, and there are quite a few points that surprised me. + +WARNING: EVONOMICS ABOUND + +ALSO SOME META DISCUSSION + +[http://evonomics.com/joseph-stiglitz-inequality-unearned-income/](http://evonomics.com/joseph-stiglitz-inequality-unearned-income/) + +I'm partly surprised by the inclusion of a well-respected economist's thoughts in a site that receives much snark from you guys, but there are several interesting points to observe regardless of where it was published: + +1) Stiglitz looks at wage stagnation as a sign of the failure of marginal productivity theory. I have seen it stated over and over again that wages are not capturing the whole picture - that health insurance and other forms of compensation have kept rising anyway. There is a Heritage Foundation article somewhere out there that uses different measures to show that compensation is roughly following productivity growth, and it has been linked to several times in here and /r/badeconomics. It's always pointed out that the Heritage Foundation is a biased conservative think tank and to take the study with a grain of salt, but yet it continues to be used to give weight to the status quo while denying an inequality epidemic. So I feel the need for someone to tackle this in detail: **Is wage stagnation the proper metric to show that we have an inequality problem, or not?** + +2) Stiglitz seems to be advocating for large infrastructure spending outside the bounds of a recession. The standard Keynesian would advise to wait until the right time to prime the pump, and I have seen criticism of Trump's infrastructure plan in this context. Stiglitz argues that an infrastructure plan (not necessarily Trump's) would pay for itself, and therefore would not increase the debt in a period of growth. **Is Trump's infrastructure plan something that Stiglitz would admire, and is it a good idea?**