diff --git "a/reddit_finance_43_250k_55.txt" "b/reddit_finance_43_250k_55.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_55.txt" @@ -0,0 +1,10000 @@ + +OSB board still needs put down in the kitchen (still need 2 sheets) + +Tile needs installed (Need tile adhesive, grout, and a wet saw. Home Depot rents wet saws for $15/day). + +SIDE MONEY/HACKS:I was able to help fund the project by selling items I found in the house. Mostly electronics: DVD players, movies, cameras, etc;. I probably made about $500 selling things from the house over the past few months. I'm planning on keeping the Cedar chest, a lot of the books, the records and record players, the Techniqs home stereo system and furniture. + +I have also used survey sites and similar apps to get free Home Depot gift cards and if I get invited to do a focus group or higher paying survey (like one on UserInterviews or Find Focus Groups) I try to put some of that money towards the house. + +To save money on disposal, I made a scrap pile and someone took it for free. For items that were in good condition but not worth selling, I donated to Goodwill. + +I was able to pickup a free Anderson skylight. Since I have to re-do part of the roof, I can save some time and money by installing a skylight instead of re-doing the entire portion of the roof. + +For garbage, I found a farmer who burns and he took a dumpster size load for $150. A dumpster that size is a between $350-$500. + +I also take a few bags to the curb where I'm renting once a week and put a few bags out weekly at the house (they take 2 large items a week and up to 2 cans). + +I spend a lot of time finding coupons and discounts. Harbor freight is cheapest for tools because of their coupons. Walmart is cheapest for contractor bags. Dollar tree is best for cleaning products. Home depot is cheapest for building materials. All of those stores are within 1 mile so it's convenient to price check in store. Plus there's a Goodwill in the area. + +I found respiratores are cheaper online. Thrift stores are great for hand and power tools, fixtures, and odds and ends. I was also able to find coveralls at a thrift store which has a special where everything you fit in bag for $2. + +Also have a friend whose husband can hook me up with free siding (manufacturing defects: all pieces are about 1/8th in irregular). It requires a train and 120 mile round trip. It's a nice ace in the hole in case I need to reside. + +&#x200B; + +I'm a novice at a lot of this stuff, but I'm hoping I found a way to find a cheaper path to home ownership. + +Before and now pics: [https://imgur.com/a/09su528](https://imgur.com/a/09su528) + +And things I've found cleaning out the house and garage: [https://imgur.com/a/wCyMktY](https://imgur.com/a/wCyMktY)[https://imgur.com/a/hqcxqrw](https://imgur.com/a/hqcxqrw) + + +UPDATE: I know a lot of people asked and messaged about repository lists in PA. I made a list of most counties (I'm sure I'm missing a few) with links to their repository list/page: + +&#x200B; + +[https://docs.google.com/document/d/e/2PACX-1vTSfvcXJiaXEpgPlSP630HUvF6649pe-iK6JqMbJ0fguFpYabaobpOJNqZV7QED5DGuCm\_vGbgD8sVk/pub](https://docs.google.com/document/d/e/2PACX-1vTSfvcXJiaXEpgPlSP630HUvF6649pe-iK6JqMbJ0fguFpYabaobpOJNqZV7QED5DGuCm_vGbgD8sVk/pub) + + +EACH COUNTY has their own rules and process. Allegheny and Philly offer Sherrif's sales. They may have repositories, but I was never able to track those types of properties down in PGH or Philly. + + +Minimum bids range from $250-$2,000+. It's completely dependent on the county. Each municipality has the right to reject a bid and set their own minimum price. + + +Mobile homes are usually cheaper, but they rarely come with land. + + +In terms of parcels: Some are off grid and others aren't buildable. + + +Some counties don't have their lists online. HOWEVER, you can call that counties local tax claim bureau and ask for a list (they may charge you for a hard copy). + + +When a house reaches the Judicial OR Repository, all liens and taxes are wiped. That includes municipal water and sewer bills. I did have to fight to get the water bill wiped from my house. + + +I'll create a new post as well just for PA Repositories. + +UPDATE 2: + +Besides Google and YouTube, I also learned a bit about masonry and Cabinetmaking from two books I picked up at a thrift store. + +Places like Goodwill, Salvation Army, etc are usually filled with these types of How To Books. I have a few others laying around that show how to make basic tables, bookcases, furniture, and small wood projects. + +Also books in thrift stores tend to be super cheap. + +The 2 books I have are pretty old, but still very helpful. Products change (they make hydro Crete cememt now) but the books have a lot of great information, especially on older methods of construction. + +Although the books are older, they're great for work on older homes. Plus they have great instructions on how to do things like lay bricks and build countertops and cabinets! Plus things like stucco and plaster work (which is great because a lot of older home still have plaster). + +I have bought any older electrical work books because things have changed a lot for residential wiring (goodbye nob and tube!) But you can build a nice little inventory of home repair books from thrift stores. + +Here's the link to a Masonry book and Cabinetmaking book I have that's had a lot of great information: + + http://imgur.com/gallery/p8CZrbs + +Both books are from a series which cover a ton of different topics. + +UPDATE 3: Discount materials + +The Stock Pile in Canton, Ohio has a ton of awesome stuff, a lot of which is donated by places like Lowe's or taken out of older homes. They offer 10% if you become a member (it's free). + +http://www.thestockpile.org + +Some awesome Redditors also shared that Habitat for Humanity has a reStore. I've been to one of their smaller stores, but haven't gone in a while. + +https://www.habitat.org/restores + +Other Redditors shared that Construction Junction in Pittsburgh also has awesome finds. They have some of their inventory online as well and some of it is really amazing (old French doors, stained glass) + +https://www.cjreuse.org + +FREE STUFF: + +I've also frequented Craigslist, Facebook marketplace, Letgo and offer up. I check out the free stuff posts as well (great way to find furniture). + +People occasionally will give away old cabinets (many times you have to remove), older appliances, and leftover materials. + +THRIFTING: + +Thrift stores are great as well. They tend to have tools, fixtures and odds and ends. It's also a really great way to find hand tools and older tools. You can remove rust with Naval Jelly or Vinegar so don't worry if there's some rust! + +Goodwill has student, elderly and veteran discounts certain days. In my area they have a massive sale every Sunday and Monday (certain tags are $.39 for everything except clothes. Clothes are $.79). It's a great way to get cheap work clothes. + +Some things I've found thrifting for this project: +$5 shop vac, $12 drill bit and spade set, $5 Ryobi drill and charger, $5 for trowels and Mason tools, $1 each for small hand tools, $2 outdoor motion lights and $6 Wolverine steel toed boots. + + +MONEY BACK TRICKS: + +Ive used Coupon Cabin to order stuff at home Depot. They'll offer specials of 5%-30% cash back via PayPal. Always check your email and you can claim one of their better paying offers every 90 days i believe. + +Discount gift cards: + +This one is tricky because home depot started a policy that merchandise return cards (not gift cards) are non transferable. When you do a return without receipt they register the store credit card to your driver's license. + +People will sell them for up to 50% off face value, but if it's a store credit Merchandise card you might only be able to use it if the original owner buys the stuff for you. + +After the holidays sometimes people will sell gift cards for cash as well. Check Facebook and Craigslist. I know giftcardgranny and raise also have discounted cards and raise gives you a discount when you sign up. + +PayPal occasionally runs specials where they'll give you a gift card for using PayPal as a way method (they did this with subway). + +RECEIPTS: + +Keep your receipts and use DEBIT when you can. You're bound to end up with extra stuff you don't need. If you make your purchases via debit you'll get physical cash when you return items instead of having to wait 3-5 days or take a gift card. Also you want to avoid returns without receipts because a lot of stores put you on a list and may refuse future returns! + +Take a picture of the receipt with your phone and always get a copy emailed if the store offers it. + +Trust me I've been in situations where i had maybe $70 worth of stuff i didn't need and couldn't find the receipt. Sometimes it's really a necessity to have that turned back in to cash when you're on a tight budget. + +Also keep them in case a product is defective. The tool manufacturer often will make things right ! I had a Walmart circular saw fry up and hypertough offered me a free replacement. But they needed proof of purchase. So get in the habit of taking pics of your receipts and keeping the paper copies in a safe place. + +Plus itll help folks who file taxes. + +TOOL RENTALS: + +Vendors typically require a deposit. This means even after you return the item you may not have the funds back for a few days. Each store and bank is different, but keep that in mind so you can plan accordingly. + + +DELIVERY: + +Luckily i have a small truck, but transporting materials can be an absolute pain if you have a small car. + +Some stores like Menards and home depot do rent trucks (I think it's about $40 for an hour. They don't do this in my area though). + +Also make friends with someone with a large vehicle! I used Facebook to find people who hauled and it was typically $20 for transport. + +Uhaul also rents vans for in town transport. + +Delivery fees can be high. 84 lumber i think costs $50 and home depot $79 for large items. Usually you can find someone with a truck who will do it a lot cheaper. Stores usually will hold your items for a day or two as well. + +SALES: + +When youre on a tight budget it's harder to buy materials. What I mean by that is something you will need next week may be on an awesome sale. + +Sometimes you have to jump on a great sale and rearrange the order of your project. Sometimes that is feasible, other times it's not. I chose to buy $64 worth of tile at $0.24/sq ft instead of an exterior door for $75. + +If it's materials you'll definitely use and a really great deal, jump on it and re arrange your projects if you can. + + +MATERIALS FROM CONTRACTORS: + +Contractors a lot of times sell stuff they removed during jobs or have leftover supplies. Sometimes they'll even have brand new wire or fittings. They also occasionally have things like hot water heaters and doors. + +HVAC: + +Furnaces are ALWAYS cheaper in the summer. Usually you can snag a decent used on (80k BTU) for under $200. + +Water tanks are a lot cheaper used but use your due diligence. Electric ones are usually a lot easier to install and if you get a gas one make sure it can be vented! I ended up buying one last year that i couldn't vent! + +Tankless: make sure you use conversion tables. Theres maps that show what region you're in which matches up with the average water temperature. You CAN absolutely use tankless in cold areas, but make sure you check the specs. + +A/C's: great to pick up in the winter! People will even give them away during the winter. + +MONEY HACKS: + +There's a ton of wonderful people on r/beermoney and other subreddits that discuss focus groups, surveys, and other passive streams of income. + +I've used many of the same sites and tactics to get money/gift cards for my project. None have made me rich, but it's helped for sure! + +I've personally used these survery sites: +Branded surveys, iPoll, Qmee, Radial Insights and Pinecone. There's a ton of survey sites and Survey police.com has reviews on most of them. + +Secret shopper apps: +Field Agent, Survey.com, Surveys on the Go, Secret Shopper, iSecret Shop. There's many others but these ones had gigs in my area. + +Focus Groups: +I find them on findfocusgroups. The major sites I've found are User interviews, Validlately, Survey Squad and Schlesinger. I'm sure some folks in beermoney have better lists! + +I've also done UserTesting, TestmyUi and Zoom User. + +I've used these type of sites and apps to help fund my project. The couple extra bucks help. But overall I'm sure some awesome people on r/beermoney have better lists and tips! + +Combining cash back, passive streams of income, coupons and thrifting have saved me a ton of money on this project. + +Last year I decided to give back my financed vehicle and bought a $700 truck. It was a downgrade in a way, but it's been a huge help during this project. It's saved me money with hauling especially. + +TIPS ON MOLD REMOVAL: +http://imgur.com/gallery/0e2mvEo + +The kitchen project: + +The floor is built on top of a crawl space (which is sloped). The crawl space got wet because a well (which I didnt know was on the property) om the property was overflowing and packed with foilage. + +All the wood in the kitchen floor has to come out (no way to remove mold from dry rotted unfinished wood) abd built back up. + +http://imgur.com/gallery/IGNfeZp + +http://imgur.com/gallery/7WgFLGo + +http://imgur.com/gallery/vUu59wS +Been researching a little on the best way to pay when traveling abroad. Here's what I found. Eager to know what this sub thinks. + +\-- + +When you travel outside India, there are restrictions in how you can pay. The biggest concern is usually forex i.e. **foreign exchange differences**. As of 29 June 2022, it takes roughly 57 INR to make 1 SGD if I do that transaction via HDFC Bank. However, if I were to convert in my local city airport, the figure would be different. The same applies if I choose to do in Changi Airport, say, today itself. Not to mention the conversion fee in both latter cases. + +This makes understanding the best way pay during your international travels a critical discussion. Especially if you are like me who is not a fan of paying heavy markups. I recently paid over 8K INR as markup fee to HDFC Bank because of an agent mess-up. + +Thankfully, there are ways to limit the overhead when you convert currencies. Do note that it is impossible to avoid overhead. If you see foreign exchange, get ready to pay extra. + +\-- + +There are basically 3 common ways to make payments abroad: + +1. **Get a forex card from the country where you are a citizen** +2. **Use a credit card with international payments switched on** +3. **Convert currencies locally and carry fiat money during travel** + +There is a 4th method that involves creating a bank account. This is not feasible if you travel as a tourist. Hence, it is out of the scope of this writeup. + +# Forex Card Basics for Travels + +The idea is to refill a card with money where the currency exchange rate is fixed. If you buy a forex card today and fill it with INR 57k, you'll get about SGD 1K in that card. The biggest advantage is that the **exchange rate is locked after you fill it**. The card will still have SGD 1K when I travel to Singapore 6 months later. + +There are single-currency and multi-currency forex cards, which are self-explanatory. The **latter is a better option** in most cases. However, if you only plan to travel to Phillipines because Liu Sin Ma ChooChoo from Facebook - your online flame - lives there, go ahead with an SIF. + +Other **benefits include not having to carry cash, fraud protection, electronic payment**, etc. + +Forex cards **can be bought for free** sometimes. HDFC charges 500++ for a new forex card and then charges 75++ every time you refill it. Electronic payments (say, when you pay for a hotel abroad), there is usually no charge. I say usually because the hotel should accept the currencies available in your FX card. Otherwise, you'll be charged cross-currency fees, which if I could ELI5, I would have been effing Raghuram Rajan. + +**Some banks seem to add a markup even when you pay using a forex card**. However, this is not exactly black and white. I have found that banks usually charge a hidden fee even for electronic payments. Compare this with a Niyo Global FX that markets itself with 0% joining and markup fee. Due diligence is required here. In any case, prefer a reputable non-bank if you opt for FX card. + +This sub's endorsement for forex from early in 2022 - [https://www.reddit.com/r/IndiaInvestments/comments/sesv1o/im\_moving\_to\_uk\_next\_month\_for\_my\_studied\_and\_i/](https://www.reddit.com/r/IndiaInvestments/comments/sesv1o/im_moving_to_uk_next_month_for_my_studied_and_i/) + +# Credit Card as a Payment Method Abroad? + +If you have enabled international transactions on your credit card (which you shouldn't generally as frauds are attracted to them), you can pay through it during your travels. The only major drawback is the **currency conversion markup fee** levied by your CC bank. This can range from **1%++ to 3.5%++** which can be a lot if you are staying at the Ritz. Remember the 8K markup I paid? It was heartbreaking. I would have considered buying Reddit Premium for myself and then dropped the plan later. + +I recommend CCs (VISA and Mastercard; Diners Club is a small club) as backup plans unless you have OneCard that offers 1% markup. The drawback here is that credit limits are laughable. BOB Financial, you unhelpful itch! + +Useful thread from 2019 on forex vs credit debate - [https://www.reddit.com/r/IndiaInvestments/comments/ap3w0t/forex\_vs\_credit\_card/](https://www.reddit.com/r/IndiaInvestments/comments/ap3w0t/forex_vs_credit_card/) + +# Cash + +Simply convert INR to any currency and carry it. However, we're in 2022, and a lot of global merchants don't accept it anymore. Few friends who are in Scotland right now said even local transit system insisted on card payment. They had taken 100K INR in cash and didn't use even half of it. + +**Converting cash in India has a hidden conversion fee** whether you did it via an exchange agency or a travel portal. No one will tell you the fee as it is absorbed in the converted amount. I converted 20K INR into USD in late 2021 and saw that the calculation was 1 USD = 71 INR. Not a rip off but you get the idea. + +**Drawback is exchange variations and the need to handle cash** during the trip. + +I recommend some cash for local expenses. Say, you want to tip your gigolo when in Thailand? Go right ahead and slip that crunchy on his chest vest. + +\-- + +# Bottom Line + +The comparison between forex and credit cards is consequential. Both are good but **I feel forex cards are slightly better as they also allow ATM withdrawals for a small fee**. For instance, HDFC MMT card charges $2 for every USD withdrawal. That's a steal when compared to a withdrawal made via a CC. + +**What do I do?** + +If you want to know, I go the extra mile. I have 2 forex cards so far, one a HDFC multi-currency one and the other a Mastercard exclusive gifted my previous employer. I applied for a Niyo Global yesterday. + +I have 4 CCs with decent limits + OneCard with 1% markup. All these are different charge back brands, so they all act as good buffer. If Discover doesn't work, I'll use MC and then never visit that merchant again. + +I also convert some cash to the tune of 20K INR just to keep them in me and my partner's common bag and then pretend to not notice when a few big notes out of it travels its way from a hand or two to a fully waxed thorax portion beneath a fishnet. + +This may read tricky to some who haven't travelled and paid abroad before. So, the best way to do this is to learn for experience and use this guide as a "Haan, u/rhoul ne bola tha!" +Hi Guys, + +I wanted to post this here as well as [r/forex](https://www.reddit.com/r/forex/), but as my account was too new i could only post there initially. It seems to have gathered a lot of support, and as it ties greatly into DayTrading, i thought that it could be useful here, especially with a lot of beginner questions i've seen relating to Support and Resistance, and how to manage your orders. + +For those that don't use TradingView, i created a small series of How to identify Support and Resistance, and how Support becomes Resistance using examples. I also show how to identify a trade, and once identified, how to place all aspects of that trade, including Stop Loss, Take Profit and Trade Closure. + +Here's the complete series, in a single digestible post: + +Part1 - [https://www.tradingview.com/chart/AUDJPY/JDkW7yxC-When-Support-becomes-Resistance-and-Resistance-becomes-Support/](https://www.tradingview.com/chart/AUDJPY/JDkW7yxC-When-Support-becomes-Resistance-and-Resistance-becomes-Support/) + +Part2 - [https://www.tradingview.com/chart/AUDJPY/we3J0SSe-How-to-identify-trades-using-Support-and-Resistance/](https://www.tradingview.com/chart/AUDJPY/we3J0SSe-How-to-identify-trades-using-Support-and-Resistance/) + +Part3 - [https://www.tradingview.com/chart/AUDJPY/W7YV3a9W-How-and-where-to-place-Orders-Stop-Losses-and-Take-Profits/](https://www.tradingview.com/chart/AUDJPY/W7YV3a9W-How-and-where-to-place-Orders-Stop-Losses-and-Take-Profits/) + +Many Thanks for your time, + +For\_The\_Many +Hi Guys, + +I wanted to post this here as well as [r/forex](https://www.reddit.com/r/forex/), but as my account was too new i could only post there initially. It seems to have gathered a lot of support, and as it ties greatly into DayTrading, i thought that it could be useful here, especially with a lot of beginner questions i've seen relating to Support and Resistance, and how to manage your orders. + +For those that don't use TradingView, i created a small series of How to identify Support and Resistance, and how Support becomes Resistance using examples. I also show how to identify a trade, and once identified, how to place all aspects of that trade, including Stop Loss, Take Profit and Trade Closure. + +Here's the complete series, in a single digestible post: + +Part1 - [https://www.tradingview.com/chart/AUDJPY/JDkW7yxC-When-Support-becomes-Resistance-and-Resistance-becomes-Support/](https://www.tradingview.com/chart/AUDJPY/JDkW7yxC-When-Support-becomes-Resistance-and-Resistance-becomes-Support/) + +Part2 - [https://www.tradingview.com/chart/AUDJPY/we3J0SSe-How-to-identify-trades-using-Support-and-Resistance/](https://www.tradingview.com/chart/AUDJPY/we3J0SSe-How-to-identify-trades-using-Support-and-Resistance/) + +Part3 - [https://www.tradingview.com/chart/AUDJPY/W7YV3a9W-How-and-where-to-place-Orders-Stop-Losses-and-Take-Profits/](https://www.tradingview.com/chart/AUDJPY/W7YV3a9W-How-and-where-to-place-Orders-Stop-Losses-and-Take-Profits/) + +Many Thanks for your time, + +For\_The\_Many +He’s entitled to his opinion just like we are. But don’t make the mistake of thinking he’s in infallible god just because of the Big Short. We’ve had the entire world against us on this play from the beginning, what’s one more person? We might never know the true motivation behind his latest tweet and frankly it doesn’t matter. The DD generated here trumps anything anyone from the outside can say or do at this point. +Hey all, + +I'm new around here and I recently did a bit of a right up in my favorite ASX small cap TLG resources, mostly because I was frustrated with the stagnant share price and wanted to be reminded of all the great things this company has to offer. Anyways, this is the first time I've done a write up like this, so please let me know if something looks out of place or if you have any general comments. Feel free to have a read if interested. + +*Note: IDK how the formatting will show up on here so apologies if it's a bit out of whack.* + +**TLG DD:** + +What do TLG do? + +\- Diversified battery anode producer + +o **Flagship product: Talnode C: Graphitic battery anode** + +o Talnode Si: Silicon-graphite battery anode + +o Talnode X: Ultra-fast charge + +o Talnode E: Solid State batteries + +o Talphene: Graphene based coating solutions + +\- TLG is a graphite miner **and processor** headquartered in Australia and based in Sweden + +\- This is key because processing the anode is where the value is i.e., graphitic battery anode is a specialised material with very specific processing demands and requirements. Its current market value is \~AU$11,000/tn. Raw flake graphite prices depend on the quality of material but are in the range of US$750-1,000/tn. + +\- The battery anode market has incredibly high barriers to entry. [It takes at least 10 years for a company to build the equipment required to process and refine the graphite](https://www.youtube.com/watch?v=902K5fWggjQ) \+ an extra 5 years to find a high enough quality deposit. + +Market Outlook: + +\- [**Graphite is the largest single active material in Li-ion battery by volume**](https://www.talgagroup.com/irm/PDF/3b4f193f-4108-4aa7-b81f-52a43bfe8952/TalgapresentationatParetoBatteryMetalsampMiningConference) + +\- Li-ion batteries are currently, the markets best solution to power storage + +\- Li-ion batteries have two major components, the anode and the cathode. + +\- The anode is made largely of graphite which stores lithium ions in the charge/discharge process + +\- [**Batteries are made more efficient by the addition of 10-20% Silicon to the anode**](https://www.youtube.com/watch?v=0ktsgwzUh3A), this reduces overall graphite use. However, this tech is at least 5 years away from being proven and further from commercial production. + +\- The need for graphite in the anode could be removed by the arrival of Solid-State battery technology. The removal of the anode greatly improves battery efficiency and, consequently, the Solid-State battery is seen as the “holy grail” of energy storage at this time. However, this technology is at least 10-15 years away and won’t be seen commercially until after 2030. + +\- In the meantime, the demand for battery storage will be met by Li-ion batteries, of which graphite is a key component. + +\- [In 2020, the demand for graphite was \~1M tn. By 2025, this will triple and will peak in 2030 at \~4M tns.](https://www.talgagroup.com/irm/PDF/3b4f193f-4108-4aa7-b81f-52a43bfe8952/TalgapresentationatParetoBatteryMetalsampMiningConference) + +\- This is expected to bring about a **huge, short supply, due to the high barriers to entry described earlier** and could result in rapid price rises. + +\- Europe is the worlds fastest growing EV market and is home to huge car manufacturers (OEMs) including Volkswagen + +[NVX and synthetic graphite vs TLG and natural graphite:](https://www.youtube.com/watch?v=bHsLB9LhP6E) + +\- A note on synthetic vs natural graphite and the NVX TLG comparison: + +o There are two ways to synthesise graphitic battery anode, synthetically and naturally. + +o The synthetic market opportunity in Australia lies with NVX. + +o NVXs batteries are higher quality and have a longer cycle life than TLGs. This is the direction Tesla are taking so NVX is well placed in this regard + +o Natural graphite is a far cheaper option than synthetic and so TLGs profit margins are far superior. + +o Both NVX and TLG use hydro energy to power their productions processes + +o This is far more environmentally friendly than graphite sourced from China. + +o Natural graphite has to be mined and it takes time to scale these mining operations (high barriers to entry). TLG has been in the market for over a decade and is well placed to scale operation in line with increasing anode demand, so this is less of an issue for TLG specifically. + +o Synthetic graphite uses waste products from the fossil fuel industry in its production process + +o Traditionally, this results in long lead times (5 months) whereas, due to its **vertically integrated business model, TLG has incredibly short lead of 1 week.** + +o Additionally, fossil fuel waste is used in the steel industry. As fossil fuel productions ramp down over the coming years, their may be a short supply, resulting in price competition between synthetic graphite producers and steel manufactures, resulting in higher costs. + +o **Ultimately, synthetic and natural graphite each have their benefits and drawbacks. Due to the size of the market, its very likely that their will be a place in the industry for both and hence, the question of natural or synthetic is to some degree, irrelevant.** + +Why is TLG special? + +\- Amongst an already tiny list of graphite miners and processors, TLG stands out. + +\- Firstly, [**their product, Talnode-C, is the world’s greenest graphite anode**.](https://www.talgagroup.com/irm/PDF/c8a38dfc-39cd-42c2-be94-4355dc2a3289/IndustryLeadingGreenBatteryAnodeLCAResults) This is significant in an industry so central to environmental sustainability. + +\- [TLGs business is vertically integrated](https://www.talgagroup.com/irm/PDF/cd3e4f0b-9b0c-48d7-acc5-2ce096af5daa/TalgaPresentationatRhoMotionEVBatteryTechnologySeminar). This means their mine and processing facility is localised, which greatly reduces costs. Instead of mining in China and having to ship the graphite all around the world at each stage of the production process, TLGs in house team performs the four key stages of production (mining, mineral processing, purification and coating) in house. **This significantly reduces the cost of production.** + +\- **Thanks to this and a few other factors detailed below, the company is one of only a few worldwide that can produce battery anode** [**cheaper than China.**](https://www.talgagroup.com/irm/PDF/cd3e4f0b-9b0c-48d7-acc5-2ce096af5daa/TalgaPresentationatRhoMotionEVBatteryTechnologySeminar) + +\- A note on TLGs projects: + +o TLGs premier anode project is Vittangi which contains the Nunasvaara South ([DFS released](https://www.talgagroup.com/irm/PDF/f156d2de-7cc8-4a83-9e34-ab8ec6e6655c/RobustDFSPavesWayForTalgaBatteryAnodeProject)) and Niska ([scoping study released](https://www.talgagroup.com/irm/PDF/00041131-e82a-48d2-83bf-27b0a1003b4d/NiskaStudySupportsGloballySignificantAnodeProject)) deposits + +o Nunasvaara will produce 19.5k tns p/a by 2024 and 100k by 2030 + +o Niska will produce 85k tns p/a by 2025 + +o **The combined 2025 production would see TLG become the** [**largest natural graphite producer outside China.**](https://www.talgagroup.com/irm/PDF/3b4f193f-4108-4aa7-b81f-52a43bfe8952/TalgapresentationatParetoBatteryMetalsampMiningConference) + +o TLG owns two other graphite [Jalkunen](https://www.talgagroup.com/irm/content/jalkunen.aspx?RID=287) and [Raitajärvi](https://www.talgagroup.com/irm/content/raitaj-rvi.aspx?RID=286) as well [various other mineral deposits](https://www.talgagroup.com/irm/content/cobalt.aspx?RID=424) containing copper, gold, cobalt and lithium. + +\- A note on TLGs resources + +o **TLGs Vittangi project is** [**24% graphite**](https://www.talgagroup.com/irm/content/vittangi1.aspx?RID=285)**. This is the** [**highest-grade graphite resource in the world**](https://www.youtube.com/watch?v=902K5fWggjQ) **(next best 16%). For perspective, most of China’s resources are 4% graphite. This means for each truck of material mined at Vittangi, China needs to mine 6 trucks worth of material to produce the same amount of graphite.** + +o In the first step of the production process, the ore is concentrated. 100k tonnes of raw material would produce 22k tonnes of graphite because TLGs resource is 24% graphite. + +o In the next step of the production process, the graphite is refined. In this process, 50% of the graphite is lost because particle size required for battery anode is so small. **However, due a bizarre co-incidence, TLGs Vittangi deposit is situated in an area where ancient microbes almost exactly the particle size required for anode once lived. The graphite flakes are 10μm in size, over 90% smaller than the industry standard of 100-150μm. As a result of this, only 12% of the graphite is lost during the refining stage.** + +o Continuing the example from before, of the 100k tonnes of raw material, 22k tonnes of graphite were produced. 12% is lost in the refining process, leaving 19k tonnes of spheronized graphite. + +o The final stage of production sees this resource coated and purified, during which no material is lost. 100k tonnes of raw material would therefore yield 19k tonnes of battery grade anode. + +o For comparison, the next best graphite content was 16%. Using this and the industry standard of 50% loss during refining, the next best anode producer could hope to produce: 100k\*0.16 = 16k tonnes of concentrated graphite = 16k\*0.5 = 8k tonnes of battery anode material. **On this logic, TLG is more than twice as efficient than the next best anode producer.** + +o For further perspective, Chinese resources are often 4% graphite. Using the same method, from 100k tonnes of raw material, Chinese anode producers would hope to produce 100\*0.04 = 4k tonnes concentrated graphite = 4k\*0.5 = 2k tonnes battery anode. **TLG is therefore approximately almost 10 times as efficient as Chinese anode manufacturers.** + +o **This combined with incredibly cheap hydroelectricity which greatly reduces the largest cost of operation, power, and their vertically integrated business model, makes TLG one of the only companies world-wide that can compete AND beat China for cost-efficiency.** + +o *Note: the above calculations used figures taken from* [*this*](https://www.youtube.com/watch?v=902K5fWggjQ) *video. Extensions were made to compare to rest of world and China using the same logic.* + +\- This summarises why TLG is so special in the world of anode production. + +Management: + +\- Lots of experience on board of directors, won’t bother repeating their credentials, instead see [here](https://www.talgagroup.com/irm/content/board-of-directors.aspx?RID=251) for company descriptions + +Key personnel: + +\- Mark Thompson (CEO) – information on board of directors’ page listed above. + +\- Mark Percey CFO ex Illuka (well established miner) + +\- Dr Claudio Capiglia + +\- Dr Anna Motta + +\- Dr Fengming Liu + +\- Dr Karanveer S. Aneja + +\- Over 20 PhDs and engineers with energy product experience including. ex-Toyota, Tata, Dyson and Cambridge University alumni + +Partners and deals: + +\- Key partnerships with industry leaders including Cambridge University, Bentley, Jaguar, Land Rover, Bosch, Mitsui, Farasis, LKAB and Innovate UK + +\- Cambridge University, Innovate UK and Bentley + +o TLG has [binding collaborative development](https://www.talgagroup.com/irm/PDF/ef893fda-6f22-4abd-a102-39092170a057/TalgaPresentationatBenchmarkMineralsGraphiteAnodes2018) with the uni. + +o TLGs value-add team based in Cambridge and is using its research facilities to develop products under Innovate UK’s Faraday Project. + +o Products include silicone-graphene anode, sodium-ion batteries, higher performance Li-ion electrode materials. + +o Funding provided by Innovate UK includes initial $1M ([2017](https://www.talgagroup.com/irm/PDF/81e8526b-77ee-4374-8fbb-d2019bb8474f/TalgaFundingSuccessinUKFaradayBatteryPrograms)) for the three projects listed above, $520k ([2020](https://www.talgagroup.com/irm/PDF/f0c436b7-9801-415b-b5c7-40170dfa0848/TalgaSiliconAnodeReceivesUKGovernmentSupport)) for UK Si-anode feasibility study and $1.8M ([2020](https://www.talgagroup.com/irm/PDF/d09075d2-e6d6-4397-8d3b-5024c4ae402b/UKGovernmentSupportsUKTalnodeCRefineryStudy)) for UK Talnode-C feasibility study. Additional $220k ([2020](https://www.talgagroup.com/irm/PDF/451a77bb-46f5-4893-a95b-b2ff85c5ffca/UpdatedBentleyMotorsElectricDriveProject)) to support research with Bentley into a graphene-based “e-axle” for EVs + +\- Mitsui and LKAB + +o Mitsui: Japanese mining giant with $85B in revenue last year + +o LKAB: state owned miner, largest in Sweden + +o [Letter of intent](https://www.talgagroup.com/irm/PDF/1ab1c4a5-3f08-4120-8103-700d42467233/StateownedgiantLKABJoinsMitsuiinTalgaAnodeProject) outlines jointly developing Vittangi + +o [LOI extended](https://www.talgagroup.com/irm/PDF/0cbc48d7-7c1f-4df3-9cca-a07bcf0b79ad/LKABAndMitsuiSignLOIExtensionWithTalga), indicating interest + +o **LKAB particularly key as they may indicate the government’s stance on permitting** + +\- Agreements with [FREYR, ](https://www.talgagroup.com/irm/PDF/11402f08-dcc7-42ba-ba73-914c8016de82/TalgaSignsSupplyMOUwithNordicBatteryMakerFREYR)[Farasis](https://www.talgagroup.com/irm/PDF/01a3c38c-503d-4c7c-a0f5-c705a5f47132/BatteryAnodeAgreementwithFarasisEnergy) and other OEMs are in my opinion, insignificant apart from validating demand, which we already know is sky high (to be discussed later). There are any number of OEMs looking to secure deals with TLG and we will benefit regardless of who signs on. + +Quick summary of other products: + +\- Talnode-Si: Silicon-graphite battery anode + +o Exciting product but still a little way off production + +o Niska will aim to produce 8.5k t/pa of Talphene by 2025-26 for use the production of Talnode-Si. + +o Silicon has been demonstrated to boost efficiency of graphitic battery anodes. [This interview](https://www.youtube.com/watch?v=0ktsgwzUh3A&t=733s) with leading battery researcher Shirley Meng explains why we should expect 10-20% Silicon anodes to replace 100% graphite anodes. Any further % increases pose problems due to Silicon expansion. + +o Meng’s chart quotes energy density can be improved by \~22% with 20% Silicon graphite anodes. **Talnode-Si is** [**50% more energy dense**](https://www.talgagroup.com/irm/PDF/17a7d70f-4409-4ac1-8a52-3b43f556d3c2/QuarterlyActivitiesReport) **than commercial graphite, almost 30% than the best figure quoted by Meng** (*not 100% confident on this point*) + +o [TLG has increased its production](https://www.talgagroup.com/irm/PDF/863ff07f-f068-4356-80a9-8c39c192f28b/TalgaFastTracksMassProducibleSiliconAnodeProduct) of Talnode-Si 10x to account for increased commercial sample demand. + +\- Talphene: Graphene based coating solutions + +o Range of utilisations being explored including in [coating](https://www.talgagroup.com/irm/PDF/6445542e-2366-4cd7-a1e4-f7e8cddf83f2/TrialMilestoneforGrapheneShipCoating) (Talcoat), e-axles (see Bentley) and [composite conductivity](https://www.talgagroup.com/irm/PDF/2360_0/Talgagrapheneboostscompositeconductivity). + +\- Talnode X: Ultra-fast charge + +o [Charges 0-100% in 3 minutes](https://www.talgagroup.com/irm/PDF/17a7d70f-4409-4ac1-8a52-3b43f556d3c2/QuarterlyActivitiesReport) whilst retaining specific capacity. Unsure of how this stacks up against other fast charging Li-ion battery products but I believe this is significant + +\- Talnode E: Solid State batteries + +o The “holy grail” of battery storage + +o At least 10 years from commercial adoption, perhaps more like 15 + +o Very early-stage development; however, handy to have a foot in the door + +Path to commercialisation: + +\- Targeting 19.5k t/pa Talnode-C by 2024 through the operation of Nunasvaara South + +\- DFS estimates EBITDA of \~$4B over the life of the mine + +\- Scoping study of the “globally significant” Niska deposit supports production of 85k t/pa Talnode-C and 8.5k t/pa Talphene. LOM EBITDA estimated at $8.9B. + +\- Combining the two, TLG aims to produce 100k t/pa of Talnode-C and 8.5k t/pa Talphene by 2025-26. + +\- The company does; however, refer to the possibility of expansion and has indicated [its intent to undertake a combined feasibility](https://www.talgagroup.com/irm/PDF/00041131-e82a-48d2-83bf-27b0a1003b4d/NiskaStudySupportsGloballySignificantAnodeProject) of the entire Vittangi project to “capture the full benefits of economies of scale”. + +\- [Demand now exceeds 14 times the 19.5k t/pa Talnode-C production capacity outlined by the DFS,](https://www.talgagroup.com/irm/PDF/1d51919f-9d5e-4fe1-a3fe-0ecd0a2b8c68/QuarterlyActivitiesandCashflowReport30June2021) equating to \~275k t/pa. By 2030, engaged customers’ demand exceeds 50 times the capacity of the DFS (\~1M t/pa). + +\- In discussions with 11 automotive companies and the majority of major battery manufacturers in Europe. Qualifications have increased to 62 active programs across 48 customers. + +\- [Recent recruiting activity](https://www.talgagroup.com/irm/PDF/48efd0db-717d-4afc-800a-25b150cb8a08/TalgaAppointsGlobalCFOandChairofSwedishBoard) indicates a potential flurry of upcoming activity. + +Risk: + +\- PERMITS! + +\- TLGs planned mining operations have worried local stakeholders who would rather not see their land torn up. TLGs management has been in constant communication with the relevant parties and has recently advertised for a position of a Community Coordinator. The advertisement is in Swedish; however, a simple translation (I used [https://www.deepl.com/en/translator](https://www.deepl.com/en/translator)), reveals that the position involves “supporting TLGs environmental and community development work. You will lead the dialogue with external stakeholders together with Sami villages, authorities, municipalities, environmental organisations, landowners and citizens.” + +\- The management of this issue is key, as it appears the major roadblock on the path to commercialisation + +\- LKAB, as mentioned before, holds a bit of a key in this. As they are state-owned, it would be unusual for them to enter into JV with TLG if they were not confident that the permits would be passed. If they were to walk away, it might indicate that the permits will likely be turned down. A decision on this is due by [November](https://www.talgagroup.com/irm/PDF/0cbc48d7-7c1f-4df3-9cca-a07bcf0b79ad/LKABAndMitsuiSignLOIExtensionWithTalga). + +\- Personally, I don’t see this as a MASSIVE risk. Whilst there’s every chance that the Government could side with the local Sami people, I see this as unlikely. TLG from all reports, and as is indicated by their hiring of a dedicated Community Coordinator, have been very versatile in the process. This is not surprising given the threat a failed permit application would pose to their future prospects! Furthermore, given the current rhetoric surrounding climate change and the shift to Electronic Vehicles i.e., the planet is in grave danger, we need more batteries urgently etc. etc., I would be staggered if Sweden were to block this. I’d be even more surprised if the EU didn’t step in and advise otherwise given their partnerships with TLG and TLGs claim to fame of potentially becoming the worlds biggest anode producer outside China. To have such a valuable source of a scarce resource go unused would be an enormous hit to the EV market, which is depending on anode producers supplying enough product to satisfy demand. + +\- Also consider the fact that new tech (i.e., solid state) could phase out the need for graphite in batteries, although this is unlikely to occur for some time (10-15 years) in which time TLG could have used its profits to invest in its own solid-state product. + +\- With the emergence of graphene as an advanced material, even if the demand for graphitic battery anode was to fall, the demand for graphene (made from graphite) could compensate for this. +I still live with my parents and pay $500 in rent. I have a $220 car payment with $120 car insurance.My credit card limit is $3,000, but I only spend $500-600 a month and pay it in full. Am I doing ok? + +Edit: My goal is to buy a condo around $200k. I don't have big fancy goals like some people, I just want to live life day by day and I'm happy with that. + +Also, for people asking about my job, I work at an Amazon Fresh warehouse. +I'm new to the subreddit so I don't know if this has been asked before. Also, I don't know how much it costs in other countries but also would like to know the prices in other countries and why it may be so expensive/cheap in there +"Your more typical millionaire, though, is tightfisted." + +Here's an interesting read from Bloomberg that notes people who have a lot saved up are not spending as much as they could. Furthermore, this tendency increases with age. + +https://www.bloomberg.com/news/articles/2019-08-22/nervous-retirees-with-money-to-spare-are-sitting-on-their-wealth + +"BOTTOM LINE - Wealthy retirees’ reluctance to draw down their savings is trapping millions of dollars that could be stimulating the economy." + +My takeaway is that it is HARD to balance spending against both security and happiness. And that is reflected here daily in arguments about what is a big enough FI number and what SWR can be used. + +The affluent have formed accummulation habits over time; they literally save more than they spend. They may experience hedonistic creep over time, but they manage to minimize the creep relative to their income. The result is they are satisfied by minimal hedonistic creep and don't need to spend any more to be happy. + +And as pointed out in the article, there is a lot of risk in the world - investment returns, medical costs, and longevity are mentioned. The accummulators are reasonably protecting against these risks. + +Th article argues that they should spend more to stimulate the economy, but there's no real discussion of metrics - how much savings is enough. That's what I like about this community, that it gets into the weeds on this question. + +So thanks guys! +Bitcoin represents a system where censorship is impossible, with no bias, no favoritism, no handouts, and no money printing. + +Bitcoin was designed from the ground up to be decentralized money. There is zero ability for the network to be manipulated, for decisions to be made unilaterally, or to have any of its users censored. + +In essence, it is money designed for a true democracy. + +[https://www.cryptovantage.com/news/the-gamestop-stock-craze-is-basically-a-20-billion-ad-for-bitcoin/](https://www.cryptovantage.com/news/the-gamestop-stock-craze-is-basically-a-20-billion-ad-for-bitcoin/) +24M here. I’m sure there are many of you who are as conflicted as I am from influence of older generations and social surroundings on the whole saving vs. living conundrum. I’m a fairly level-headed person, understanding the importance of saving for my future but the struggle is achieving so without guilt. I’m constantly told by older generations to “save as much as you can to secure your future”, but then others say “enjoy your youth while you can”. For years I’ve tried to save fairly well whilst also living my life, but I feel so much guilt when spending money to enjoy life. There’s just so much financial pressure of the near-future, along with doom and gloom on media and everywhere I look that make me feel bad for wanting to enjoy life while I’m alive on this precious earth. I understand it’s important to set yourself up for now to enjoy later, but where do you draw the line? Do any of you feel like you had/have this same issue? How do you manage to alleviate yourself from the worries of the future whilst being able to enjoy your life? +The current inflation rate is 3.8% ([https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/consumer-price-index-australia/latest-release](https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/consumer-price-index-australia/latest-release)). + +Now I'm no economist but I'm sure there's a lot of concrete data and transparent reasoning to work that out. But just from a regular person's perspective, how reflective of your experience is that? + +I understand house prices aren't included in inflation but then then, I would've thought inflation is more like 10-20%+ in the last year. + +just by looking at my own experience - everything has gone up - from costs of rent, costs of grocery bill, costs of petrol, costs of eating out, costs of buying a car or computer - it would be hard to say my daily living costs has only gone up < 4%. + +Is this your experience? +I understand that 32.9% represent drop in USA's GDP in Q2 2020 is expressed in annualised rate. I am trying to figure out data's from Bureau of Economic Analysis (https://www.bea.gov/data/gdp/gross-domestic-product), but I don't know precisely which numbers should I calculate to get 32.9% +Counterfeiting paper is nothing compared to the billions upon billions of dollars short sellers have counterfeited. Let's call this crime what it is. + +The Citadel WILL fall and the American worker will be released from this hidden evil. The American entrepreneur will be released from this evil. The American professional will also be released from the tendrils of this leviathan. As will all nations and peoples. Time to bring it down and get paid to do it!! 🚀🚀🚀 We have them right where we want them. + +APES HAVE PREDICTEED THEIR EVERY MOVE DOWN TO THIS MOVIE MEDIA CAMPAIGN. GME IS THE WAY. THIS IS THE WAY. I am in awe to be a witness on the front lines. I have been saving memes every step of the way to reconstruct our journey in a picture book that apes can read. Thank you again to u/atobitt and all the other mods and DD detectives. I am in awe of your collective greatness. What I have learned here will ripple for generations in my family. + +Buy. hodl. Vote -> change the world. 🦍🦍🦍 +No ETFs + +Single companies only and they must pay a dividend + +After alot of consideration I would probably pick KO since I like how consistent and solid it has been + +What company would you buy? +>The move to get displaced workers back to their jobs slowed sharply in July, with private payrolls increasing by just 167,000, ADP reported Wednesday. + +>That total was well below the 1 million expected from economists surveyed by Dow Jones and represented a tumble from the 4.314 million created in June, according to the report, which is prepared in conjunction with Moody’s Analytics. + +https://www.cnbc.com/2020/08/05/adp-private-payroll-growth-at-167000-in-july-well-below-expectations.html + +Markets are still powering ahead and not even flinching. Do you guys think this will have any effect? +I love every one of you apes. From the x to the xxxxx mega whapes. Your resolve, determination, and strength of conviction has been te best ride of my life to date. + +Hedgies r fukcd. + +I need more characters so I like to mention that I still really like the stock + +And I'd also like to thank all of you for the laughs, DD, and occasional titty pic. + + +#RIDE OR DIE APES + +fuck you Ken. Pay us. + +Edit: at parties in the future when they talk about GameStop and the apes who did the fucking it will be all of you they refer to. My thumbs are numb from throwing back upvotes at all of you. +Hello PF, I just got a new job that drastically increased my salary. However, the firm and its employees take efforts to present an upscale image. I have a paid off, older Ford Fusion with a ton of miles on it. It's not in the best shape and I've sunk decent amount into maintenance and repairs over the last year. Anyway, a part of my job is to ferry clients around occasionally. It's been strongly expressed to me that I should consider getting a new car that presents such an upscale image. + +Like the title says, I have received a significant salary increase. However, I am building my EF and paying off my high interest debt. I don't disagree that it is time to get a new and presentable car. I've never been a car person and I don't really care what I drive but I understand where they are coming from. Does PF have advice on getting such a vehicle? Should I consider a lease? +As grizzled Canadians, we intimately know the pains of the US Dollar exchange rate... and it looks like the USD just keeps getting stronger. Most would say that it's because the US Fed keeps raising interest rates, but so is the BoC. + +I've heard this theory, "Dollar Milkshake Theory" and I kinda think it's true: + +The theory, coined by Brent Johnson, CEO of Santiago Capital, envisions a scenario where the US dollar sucks up liquidity from other currencies and countries worldwide. The dollar is now much stronger against most currencies. + +Lots of videos on YouTube where Brent talks about his theory, too. + +I certainly wouldn't rule out USD going to $1.50 CAD even in normal circumstances... what do you guys think? +Some of this data is a little dated, so bear with me. + + +https://financialpost.com/executive/executive-summary/posthaste-variable-rate-mortgages-are-booming-should-we-be-worried September 2021 article saying that 23% of mortgages in Canada were variable rate. + + + +https://www.theguardian.com/money/2021/oct/29/homebuyers-cheap-mortgages-interest-rate-changes-rises October 2021 article on how 26% of mortgages holders in the UK are variable rate. It doesn't specify what month the data is from, but I'll presume from Q2 or Q3 2021. + +https://www.ratehub.ca/variable-or-fixed-mortgage and this article from February this year says 22% of all mortgages in America are variable rate. + +However, this article https://www.reuters.com/business/finance/royal-bank-canada-raises-prime-rate-32-after-central-bank-hike-2022-04-13/ is saying that 55% of all new mortgages in Canada are variable rate, which means those jumping into the market in the last year are not going fixed and have exposed themselves to the rate hikes. + +Let's say that the growth started in 2018/2019 from the mean, (as I can't really find substantive information on when the separation began, but that would time itself with when the rates for mortgages started getting ridiculously good.) And let's also say that this trend occurred similarly in both real estate boom markets like Canada as well as ones that are fairly normalized like in the US and Canada. + +Now let's also factor in that since 2013 when 33% of Canadians were living paycheque to paycheque https://www.theglobeandmail.com/globe-investor/personal-finance/household-finances/one-third-of-canadian-households-living-paycheque-to-paycheque/article12056287/ + +And has gone up to 53% as of pre-pandemic 2020 https://www.stthomastoday.ca/2020/01/17/27453/ (I'm having a heck of a time finding newer data but newer articles from the States indicate 70% down there.) + +https://globalnews.ca/news/8033553/debt-pandemic-canada-mnp-survey/ and 30% of Canadians have become insolvent in 2021 as of right now, with 53% of Canadians $200 away from insolvency https://www.ipsos.com/en-ca/over-half-53-canadian-households-200-or-less-away-insolvency-yet-still-optimistic-about-financial + +What percentage of home purchasers since 2019 (presume an average of 500,000 for each year 2019, 2020, 2021, and 2022 (forecasts are for 648,000 in 2022) so about 2 million home purchases, will go into foreclosure by the end of the year if the BoC hikes interest rates a total of 2% this year? Keeping in mind that there have already been .75% worth of hikes so far. +I'm really scared. I've been close to poverty during most of my life so far (I'm 28). I live in a shithole country that pays shit. I started my GME journey back in march with a measly $60 when it was $280 per share, and then another $60 when it was $260...Since then I've put any available money I could. Now I'm holding steady with with just X shares. + +I'm afraid of what life will bring me once GME makes me wealthy, I'm afraid I won't know what to do. I've never held more than $600 in my bank account ever. + +Please hold me. + + +Edit: I just want to say that I was not expecting this amount of overwhelming support. Thank you everyone for your great comments, suggestions and ideas. I can't reply to all of you but I'm trying to read every single comment. We hodl together! +Will be separating it's consumer division from it's pharmaceutical and medical device division. What's everyone's take on this new direction? Johnson and Johnson is the world's largest health products companies by sales but believes that the two divisions directions and growth are diverging rapidly. + Is this the right direction for them to take? No decision yet one what they will do when it comes to holding a stock offering. + I've always felt J n J was a safe long term hold how does this change that now? More growth potential with the pharmaceutical division but comes with more risk too. As the WSJ article states the consumer division comes with its own issues, as it's "Sales are growing more slowly than at the other businesses, and have lower margins too. " +Dear apes and apettes, + +after all this time we've spent together we should know one thing for sure and that is the SHF's games of f\*ckery. Almost every effing time we got our tits so jacked we almost couldn't hide it anymore what came next was a f\*cking dip. So be prepared for f\*ckery even if you're as zen as I am. + +Remember: It's not a loss when you do not sell, dips are sales and the only thing you have to do is BUY&HODL (and maybe buy some more). + +Buckle up! + +I love all of you. + Just made a account to write this, i haven't been feeling well these past few days, i'm trying to be a bit vague about what happened because i haven't told anyone else yet (aside from the cops). + + I'm usually doing all my online payments throw Paypal, i don't know what the fuck was wrong with me this time and pushed me to do it through banking transfer (at my bank) . + + How it happened : a few weeks ago i make a online post on a website about looking for a place to rent , a few days after i get a phone message from a person saying that he has a place for a xxx$ price (the price was kinda low and was the first signal that i ignored, though i've seen similar priced apartments online but very few) and gives me a mail address for more info about the apartment . I mail him that and by the evening he sends me the info and a few photos, all looks great and i'm excited, he also says that he only rents through AirBnB, and i'm like sure (i've never used it before , so i go and make a account). Then he sends me the "airbnb" link using bitly , i've seen people using it online to shorten links before and don't think much about it, i see airbnb in the link the page looks legit, especially since i've never used airbnb before. + + I go to the payment options and since i didn't have enough on my credit card i use the banking transfer option (it was to a different country: Ireland) , get 4 pages everything looks alright (have to stress again that i never used airbnb before) , didn't even notice that it was ARNB ATS instead of AIR BNB above Iban, and next day i make the payment, the i send a scanned copy of the payment to the fake airbnb mail address, after getting the "confirmation" the owner of the place says that he will come friday with the keys. + +Thursday i get a mail with the time when we should meet, then friday comes and i get a mail that he can't come and if i can wait until monday if not i can ask for my money back (his excuse was another Red flag that i ignored and chose to believe). I reply that i can wait until monday, monday comes and he tells me that he can't come and i should ask for a refund. I mail again to the fake air bnb support account and they say i'll get my money back in 24-48 h, as the days pass and i'm not seeing my money back i'm starting to do research in to scams regarding airbnb, then i go to my bank and they tell me they can't do anything and if the money are not back soon after the 48h i should go to the police. + + By this point i should be drowning in red flags, i downloaded the airbnb app and there were no payments, i logged in the account and there were no payments made, but i still chose to believe that everything will be fine. Even after going to the police and being told that i got fucked, i still believed until today when i saw the fake airbnb page disappeared. + + The police told me that they are gonna try, but since the payment was done to a bank in another country , their hands are tied and won't be able to do much, i'm 99.9% sure that i won't get my money back. + + The past few days have been really awful : couldn't sleep properly , couldn't eat ... i just don't know how to deal with this anymore, i haven't told anyone yet and i'm to afraid to do so, i just feel everything is gonna break in to pieces when it gets out... + +tl;dr: got scammed with a fake airbnb page, made a banking transfer to another country, went to the police and they told me i'm fucked. + + Edit 10/03 : thanks for support, you don't know how much this means to me , i don't have many friends, so i don't really have anyone to talk with . I saw many suggestions and will try to do everything possible to help me get my money back (i'm just trying to not raise my hopes up) , when i said i spoke with police i meant with the unit specialized in fraud cases, i will go again monday to them and to the bank, i will also try to contact the bank in ireland and the anti fraud unit there. + + On the anxiety/stress part, after getting some sleep it got better, sleep is really the best medicine in cases like this. +Hola peeps! So we've been building the [stocks series](https://indiainvestments.gitbook.io/content/stocks/) on [our wiki](https://www.reddit.com/r/IndiaInvestments/comments/le1buv/welcome_to_the_subreddit_and_new_changes/) on _how to actually evaluate a business for investment_ (aka how to do _due diligence on a business_). + +Over the past month, we've learned a few interesting and unexpected aspects that we feel everyone should know about. + +You might've come across screener websites such as [screener.in](https://www.screener.in) and [MorningStar India](https://www.morningstar.in/default.aspx) during your analysis and assumed that using the financial metrics and ratios mentioned on their website is a good idea. + +You might take the numbers presented at face value and see an opportunity or a red-flag. However, in reality, it could just be a calculation error or usage of incorrect formula. Sometimes, the results can be hilariously wrong. + +--- + +To prove that we're not exaggerating, check out the following: + +- The **Gross Profit Margin** on [screener.in](https://www.screener.in) for all IT companies, including Tata Consultancy Services (TCS) is either `100%` or close to `100%`. + + https://i.imgur.com/9m8adUs.png + + This basically implies that TCS has nearly `₹0` worth of expenses and all their sales is translated into gross profit. + + For those who're unfamiliar, gross profit is the operational sales of a company minus its costs of goods sold (COGS). + + Yeah, TCS doesn't sell goods but it does have significant employee expenses. Since a services company like TCS doesn't have goods in the traditional sense, we have to use their employee expenses to arrive at a meaningful gross profit margin figure. To say that gross profit margin of TCS is `100%` is simply incorrect. + +- **Return on Capital Invested (ROIC)** is also wildly incorrect on screener.in and [MorningStar India](https://www.morningstar.in/default.aspx). + + Using Abbott India (NSE: ABBOTINDIA) as an example, the ROIC of Abbott India on screener.in is mentioned as `22.90%` but in reality, it is closer to `138%`. + + https://i.imgur.com/HY5mBDN.png + + Note that the ROIC of Sanofi (NSE: SANOFI) is mentioned as `31.54%` on screener but in reality, it is closer to `41%`. + + Although Abbott has a much higher ROIC than Sanofi, screener.in paints a different picture altogether. Calling it misleading wouldn't be incorrect. + + Morning Star seems to have made the same mistake. + + https://i.imgur.com/hVkU2vF.png + + You're probably interested about why Screener and Morning Star seem to have made this mistake. One of the components in the calculation of ROIC is Capital Invested and it excludes all non-operational assets that a company has. Cash and Cash Equivalents are generally not considered operational assets but Screener and Morning Star don't seem to consider this factor for some reason. Since they end up including Cash and Cash Equivalents in Capital Invested, ROIC is incorrectly penalized for companies with high amounts of cash on hand. + + ROIC is also a bit hard to calculate and get right so this may have been another factor for inaccuracy. Some screeners don't even include ROIC for this reason. + + Kudos to [Tijori Finance](https://tijorifinance.com) for presenting a relatively correct calculation of ROIC for Abbott India. + + https://i.imgur.com/FLsFMCW.png + + For more information about these ratios and how we calculated them, check out [our article on profitability ratios](https://indiainvestments.gitbook.io/content/stocks/financial-metrics-and-ratios/profitability) on our wiki. + + **NOTE: We've only used TCS, Abbott, and Sanofi here as examples. We DO NOT recommend investing in either of these companies based on the examples presented here. These companies were chosen randomly and purely for educational purposes. We have no opinions on either of these companies.** + +--- + +We've reached out to some of the teams behind these screeners and have pointed out these issues. They've assured us that they're looking into this. + +The next time you're doing due diligence on a company, cross-check all calculations yourself. + +Don't rely on ready-made screeners, don't trust the numbers you see on a screener that's been prepared by someone else. If you've not computed it from the annual reports yourself, it might be wrong. + +_Trust, but verify_. + +We thought we knew how to do due diligence, but after we started writing a guide for others, it now seems we've learned new aspects that we weren't aware of. + +As they say, _the best way to learn is to teach others_. + +Interested in learning and skilling up on various aspects of properly doing due diligence? Let's join forces! You'd uncover interesting gems, and surely get better at doing due diligence if you start writing chapters on _how to do due diligence_. + +[How you can start contributing](https://indiainvestments.gitbook.io/content/contributors/how-can-i-start-contributing). + +[Reach out to us on Discord](https://discord.gg/hqBNg4u). +# The Harmonic Convergence + +by sweatysuits + +&#x200B; + +[ \\"History is merely a list of surprises. It can only prepare us to be surprised yet again.\\" - Kurt Vonne-gut](https://preview.redd.it/939ohs4wyy981.png?width=444&format=png&auto=webp&s=3500366f5a6aeb41e138e682bca2e5a254af5f32) + +# Introduction + +Hello everybody! + +I have been meaning to write something about GME and volatility for months now but IRL obligations have prevented me from sitting down and collecting all my thoughts, lining them up in a coherent manner and putting all this down. + +During this time my friends [u/Zinko83](https://www.reddit.com/u/Zinko83/) and [u/Mauerastronaut](https://www.reddit.com/u/Mauerastronaut/) wrote their DDs about variance and volatility which you have undoubtedly read. If you haven't, you have to check them out. This is without a doubt shit you should at least have heard about if you have any intentions whatsoever in investing the equities market after this epic time in our lives is over. + +Of course at the end of the day, these are just the ramblings of a madman who has finally eaten part of his own brain with some fava beans and a nice chianti. + +I realize this stuff is not very straightforward and might not immediately trigger your confirmation bias but be patient - I work slow but I will get you there and more. 😘😉 + +# Part I - GME and Volatility + +I have been spending an unhealthy amount of time ~~studying~~ obsessing over volatility and its relationship with GME. Long story short, GME and volatility are married (positively correlated) - with very few and notable exceptions. + +[ The most beautiful chart in existence? I think so.](https://preview.redd.it/s6ozpdb0zy981.png?width=1875&format=png&auto=webp&s=e6db85364649adbcc46ef86e8b6e496f30f6b727) + +Here are the exceptions when GME actually behaves like a "normal" stock i.e. shows negative correlation with volatility. These periods are visible on the chart I linked above and I expect volatility and price to be negatively correlated when the following occur along with a sharp increase in put option volume. + +1. When GameStop issues shares. We saw this happen in June-July. +2. When funds sell large numbers of shares in the market (such as ETF rebalancing). We saw this happen in August. +3. When there is a significant broader market event. We saw this happen recently in December. + +We recently went through one of these exceptions (#3) when a metric fuck ton of cash left the market as the year was closing in December with the selling and shorting of nearly every security in the market including GME itself as well as ETFs that contain GME. That being said, in the vast majority of the past year GME had a positive correlation with volatility. + +**So when did this positive correlation with volatility begin?** + +[ 2 year graph of GME options implied volatility in white and GME price in the background in gray.](https://preview.redd.it/b00gypk4zy981.png?width=1864&format=png&auto=webp&s=670d8f1423c85bcb2478f2b191ff5e4fa343964e) + + It actually started in August 2020 but it was mostly held under control by the market makers and the shorts. **Cohencidentally**, this is when the chair-man himself bought his first shares. 😎 + +[ RC is such a fucking giga-chad. Please open your beautiful lips and say some words so we can witness the breaking of both the internet and the stock market. Thanks daddy.](https://preview.redd.it/1qgb6sm8zy981.png?width=1550&format=png&auto=webp&s=b8b51e8d0bbdb12fc4547c616ef645c5f10f3925) + +# Part II - The Sneeze - a.k.a. January 2021 Volatility Nuke + +The positive correlation with volatility becomes incredibly significant after January 12, 2021. This is date when the IV and all the historical volatility measures (10/30/50/75/100/150/200 day) all converged on a single point along with options IV and then shot up to the fucking moon. This is what I call the **Harmonic Convergence**. Behold! + +&#x200B; + +[ BOOM! Isn't that just fucking beautiful?](https://preview.redd.it/pg224puczy981.png?width=447&format=png&auto=webp&s=25364f31474351c0b7e7793036cd777c721f3c83) + +Volatility had been flattened by the shorts and the variance/volatility sellers... They were managing to keep things under control until that fateful day. + +So what happened? What happened on that day that changed our lives forever? What happened on that auspicious day that started the run-up which made DFV rich and famous, that made RC into the best investor of his generation (eat shit Gabe) that got Creamer and the media shitting their pants, got me into investing and who knows how many millions of people into the spiderweb of rabbit holes that is the GME story? + +[The green line shows the call volume while the red line shows the put volume. The total option volume tripled. Why?](https://preview.redd.it/q25y5hdgzy981.png?width=1864&format=png&auto=webp&s=9b7d9d8557ec18fecd81c7e4ee219aaedcac588f) + +I want to draw your attention to the options volume on the week of Jan 11. It tells a very interesting story. **Remember that this data is ONLY for options expiring January 15 i.e. ON THAT FRIDAY. This is really important. I will explain why.** + +Why were so many calls and puts traded on this week in January? We can answer this by looking at which options in particular were traded. Here we go. + +1. Jan 11 - a Monday. [Watch out for the options volume for 25$ / 30$ / 35$ and 40$ call options. More importantly watch out for open interest.](https://i.imgur.com/rnGK8O7.png) +2. Jan 12 - [How about that OI increase at 40$ huh?](https://i.imgur.com/lEnEIqU.png) GME closing price is at 19.89$ despite bonkers intraday movement. +3. Jan 13 - [WTF is this volume at the 40$ call? 92,863?! WTF?!? OI is going up too. GME closes at 31.43$. Here it comes baby!](https://i.imgur.com/vEpWLvS.png) +4. Jan 14 - [They added strikes from up to 55$. The volume for the 45$,50$ and 55$ calls is absolutely insane. The OI for the 40$ call went up 22k from the day before.](https://i.imgur.com/gEkcAlF.png) Closing price goes up to 39.97$ +5. Jan 15 - [OI for the 40$ keeps going up. Increased OI for 45$ and 50$ call options. More volume for 55$ call. These options are expiring on that very day.](https://i.imgur.com/efzFXGl.png) + +So why? Why buy these options? They are expiring on that day. This is like going into the supermarket and buying food that is expiring that very afternoon. + +They simply had to. + +If anyone was short here (possibly a market maker - you can guess which one) and wanted to hedge their short position against a volatile move by buying a variance swap, the seller of that variance swap (most likely a major hedge fund or a market maker) **would have to reform their replicating portfolios because of the sticky strike understanding of variance hedging.** + +They would have to rebuild their portfolios around the new strike. This means trying to keep the new strike right in the middle of their options portfolio and buying options. This means money spent. Lots of it. Well, they did. 😁 + +[That's a lot of fucking options.](https://preview.redd.it/91moc5rmzy981.png?width=750&format=png&auto=webp&s=a204461c528d567ceeb8d2bd13604bf2b82386cd) + +The short variance party (market maker) had to rebalance their replicating portfolio as the price went from 20$ to 40$ in a single week and blew up the options chain. When they started buying the new OTM strike that would give them the highest vega exposure, the prime brokers that sold them the calls had to hedge by buying stock (or call options of their own) as the price went up and also pushed the price to go up. Arguably some shark funds (looking at you DOMO, Senvest and Hestia) could have also bought these OTM options to tip shit over and really fuck the shorts. + +This phenomenon can be explained by a third order derivative in the Black-Scholes options pricing model called "Color". + +[ Color the delta of gamma in relation to theta.](https://preview.redd.it/26pdwompzy981.png?width=658&format=png&auto=webp&s=157464edccc7648ca58e2c2b8a65842ea9ef9fa1) + +**Long story short, as options come closer to expiry - gamma speeds up.** This is what color represents. + +So those algos that we all hate, the ones that play around with options as the price is going up and down every day, those same algos are designed to calculate second and third order derivatives and make the optimum trades based on these parameters. **They would have started buying.** + +Let's recall the SEC report. + +[ Not consistent with Gamma squeeze. MMs buying call options.... Hmmm..](https://preview.redd.it/mgvwq5kszy981.png?width=779&format=png&auto=webp&s=775557a5051ec99be0077f382d59dddfbf8ee2ca) + +Let me help you SEC. I realize you don't want to talk about variance swaps and hybrid instruments because they're not in your purview. In fact, according to the [Commodity Futures Modernization Act of 2000](https://www.congress.gov/bill/106th-congress/house-bill/5660/text), the SEC is powerless to govern hybrid instruments (variance swaps fall under this category) because it is specifically stated in the law that these are NOT securities. Even the [CFTC has to ask... guess who... the Board of Governors of the Federal Reserve (!) before they make a decision based on hybrid instruments.](https://i.imgur.com/2XfCbxH.png) Anyway... Don't even get me started on this shit. + +I'll say what the SEC can't. It was variance swap hedging that went completely out of control. + +Calls are ITM from the week before, brokers buy shares to hedge their clients' call options, price goes higher, more replicating portfolio rebalancing, price goes higher, more call buying... BOOM! This caused a cascade of hedging based options buying and an incredible volume of 144,501,700 shares traded. Wow. + +Let's see what happened the following week. Since you now understand how color affects gamma hedging I can just skip to the last 2 days of the options chain. + +1. [Jan 21 - a truly obscene number of $60 calls expiring Jan 22 traded on that day.](https://i.imgur.com/TH0KAtn.png) +2. [The next day on Jan 22, GME opened $42.59, peaked at $76.76 and closed at $65.01 whopping, mind blowing, tit jacking volume of 197,157,900 shares traded. Wow.](https://i.imgur.com/ZI8Fwve.png) I don't even want to talk about the volume on the 60$ calls... Absolutely mad. + +The week after that? This is the week of legends. This is when everything went completely out of control. You understand how this works now. They buy the most OTM option for the highest vega exposure. I'll just give you the trades for the most OTM option for each day. You can see them adding strikes as the price went completely out of control... Good times. + +[Jan 25. 115$ Call.](https://preview.redd.it/5nd36w3xzy981.png?width=1329&format=png&auto=webp&s=d47d25c0f9827523341388da373bb8b3e3e3ce18) + +[Jan 26. 200$ Call.](https://preview.redd.it/s84g0xfyzy981.png?width=1330&format=png&auto=webp&s=169c370c0155a64afe6556d656a7d2010d4b9697) + +[Jan 27. 320$ Call.](https://preview.redd.it/hp1v4zkzzy981.png?width=1330&format=png&auto=webp&s=581ebec12db07b7ee52ce635676a441a02c6a680) + +[Jan 28. 570$ Call.](https://preview.redd.it/2kuvl0x00z981.png?width=1330&format=png&auto=webp&s=3161fba841414316e056fc08ac7005d08cbd8f47) + +[Jan 29. 650$ Call.](https://preview.redd.it/gbqi35y10z981.png?width=1330&format=png&auto=webp&s=34449a780fa5b4fdd47b63e98eb407f191b911db) + +Afterwards they bought a completely obscene amount of puts and crash the price and spend all of the year trying to hedge and balance all of it out... This is all history to us. + +# Part III - The Harmonic Convergence - Fasten Your Seatbelts + +Here we are. Almost one year later. Volatility has been crushed back to it's level in January 12, 2021. + +All volatility measures have once again converged near a single point. + +Yet after all of this... without a single word from the company... The price.. has not given.. one.. single.. fuck. + +**AND WE ARE STILL HERE!** After all the bullshit we've had to hear from the corrupt and incompetent media, the "experts", Congress, the SEC... Despite all of their best efforts (looking at you Chukumba) we have not given up. The price has not yielded. + +[ BEHOLD! Harmonic Convergence Part 2. ARE YOU FUCKING JACKED YET?!?](https://preview.redd.it/mpv0ff260z981.png?width=1858&format=png&auto=webp&s=9903533c1f84189ade21a2247ce2595d4ff05941) + +Here is the GME options open interest chart. You can clearly see the tails of the variance replicating portfolio in this chart. The biggest remaining positions are expiring in 15 days on January 21, 2022. + +[ The yellow tone is for options expiring Jan 21, 2022. The light blue tone is for those expiring in January 2023.](https://preview.redd.it/uibokvr90z981.png?width=1869&format=png&auto=webp&s=035a39e3f6d4b51731ac6e43c9e2d3552d272e24) + +Want to see what the replicating portfolio looks like in 3D? Here it is. + +[ This image shows the option IV \(annualized on the top left\) for each strike \(K\) and then time left for each expiry on the bottom left \(t\). You can clearly see the tails that correspond to the famous 0.50$ puts and the 950$ call options that make up the boundaries of the replicating portfolio. ](https://preview.redd.it/8mxkdyxc0z981.png?width=759&format=png&auto=webp&s=019af2593172883c5718cd511ea644f8a3dec033) + +[Reminds me of how space is bent around a black hole](https://i.imgur.com/Kl28HJT.png)😎 + +I love everything about all of this. The adrenaline is pumping. + +Look at it. What does the volatility surface look like after Jan 2022? Flat as fuck. Here is the open interest with the January 2022 and January 2023 options removed. + +[ Pay attention to the scale on the right. On the previous OI chart, we could see 60k calls and 140k puts while on this one the highest is 12k. ](https://preview.redd.it/ryk2yvuf0z981.png?width=1864&format=png&auto=webp&s=82bf496a6e02002effcbe2b84e52123022124b8f) + +What does this mean? Wall Street has not yet shown their hand for 2022. We need to keep a very close eye on all options movements to figure out exactly what new fuckeries the hedgies may be planning. + +How will this affect the price? They crushed volatility so hard that no matter what they do they will cause major price movements. Volatility has gone down to what it was when the price was 19$ but now it's 130$. + +With RC's standstill ending, options volume non-existent, a possible announcement coming and the bare options chain... There is incredible potential for a massive movement. I can talk RC possibly buying call options, about shark funds coming back in to screw the shorts again, the degens of the internet returning, FOMO and what not... + +Honestly, we might not even need any of that. Personally I'm ready for anything. The dip before the rip, the media attacks, shills.. All of it. + +Buckle the fuck up. + +# Part IV - TL|DR and Acknowledgements + +**TL;DR :** Hello there. You're here because you scrolled through the entire post and wanted the short version. + +1. Volatility has been crushed and is ready to pop. +2. Price did not give a fuck all year. +3. Options chain is so bare, any kind of serious option buying by a Wall Street fund can blow everything up. +4. Hedgies are deciding if they want to keep fucking with our stock. In any case, they are still fucked. + +At least go back and look at the shiny pictures. + +I got more to write about who the variance long is, who the variance short is, the bankruptcy gambit and how variance swaps are used as a clamp on the stock price, the synthetic short forward opened in Nov 1 and what that means... How variance swaps are manipulating the stock market and how the lack of regulation is facilitating it. Those are speculative however and belong in different posts. + +**I'd like to thank** [u/Zinko83](https://www.reddit.com/u/Zinko83/) **and** [u/Mauerastronaut](https://www.reddit.com/u/Mauerastronaut/) **for doing an incredible amount of research and brainstorming with me.** [u/Turdfurg23](https://www.reddit.com/u/Turdfurg23/) for paying for some of the tools used for the preparation of this DD. I also must thank [u/Criand](https://www.reddit.com/u/Criand/) not just for being a very good dog throughout all of this but also for as his original DDs that made me more curious and pushed me into doing my own research. + +**I also want to thank every single person doing their own research on GME, bouncing ideas around with me, memeing with me and having fun.** I might not agree with most of the theories out there but I absolutely love seeing everyone digging and learning more every day while inspiring others. I think this is the most bullish thing out of this. + +**And finally I salute all investors of GameStop around the planet. Doubters can doubt and haters can hate but we're the best fucking investor base on the planet and it's not even close.** + +Deep fucking cheers to you all! + +Peace and Love! +I'm scrambling to deal with unexpected loss of income during the shutdown. I had $25k in an Ally CD as my emergency fund . . . I'd gambled last year that I wouldn't need the funds soon and locked them up in a 12-month CD, thinking that I could break it open and take the 60-day interest penalty if an emergency came up. + +Enter the shutdown. Usually I'd be ok for awhile, but I'd just made a large purchase in November that needed some belt tightening and budgeting. I hadn't budgeted for a complete loss of income. It wasn't dire, but I needed to pull the first parachute cord and liquidate the CD. + +I called Ally and got David from the Arizona call center on the phone and asked about the penalty and told him about my shutdown situation. He said "wait on hold a minute if you would" and he took the situation up to his supervisor who waived the penalty and also refunded a couple of overdraft fees I'd incurred in this mess. + +I've read your stories about WF being cold as shit to people impacted by the shutdown. I'm super grateful to Ally for their help during a stressful time. David, if you read this, thanks a bunch! A really professional and kind operation. + + +--Edit-- to those who accuse me of being a corporate shill, whatever. This is an honest story about something that happened today and I have no financial connections to Ally Bank other than being their customer. The cynicism makes me sad. +Welcome to the Daily Discussion [Moontalk] thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is meant to be more free and relaxed than the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes inside this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. +- Important news worthy content is not permitted here and should be submitted as a separate post. + +*** + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Thank you in advance for your participation. Enjoy! + +I've posted recently about my story on /r/RealEstate ([here is the post]( https://www.reddit.com/r/RealEstate/comments/7xsfzi/us_here_are_2_obvious_but_key_strategies_that/)) and /r/Landlord ([this one]( https://www.reddit.com/r/Landlord/comments/7s7tjf/landlord_us_ive_put_together_some_key_strategies/)) and got a lot of requests about doing an AMA, so here we are. + +I encourage you to read those posts for some additional context, then ask away here. I'll be checking this thread throughout the next several days and will do my best to answer all questions. + + +### **Backstory** + +I am currently 31M, married, no kids, living in San Diego and working as a senior front-end engineer + running a real estate startup on the side. + +My portfolio consists of 35 total units, mostly 4-plexes, with a duplex and some SFRs sprinkled here and there. 3 units in San Diego, 1 in Atlanta, 3 in Birmingham, 28 in Kansas City. + +My units cash flow between $250-$350/door and the total cash flow of the portfolio is about $10-11k/month (accounting for vacancies as well). My average COC return at purchase is about 15% and long-term IRR is usually 20%+. + +All properties are financed. The only financing I have ever used was conventional loans (as many as they would let me) and later commercial financing on multi-family properties. Never had any partners (besides my wife), never did syndicate deals, no seller financing, no other creative financing. + +How did I get here? I did a pretty long podcast not too long ago, where I share more details, so if you're interested, [have a listen]( https://www.passiverealestateinvesting.com/from-zero-to-35-rentals-in-4-years-a-client-success-story/). + +Here are the important parts: + +* Joined the US Navy out of high school, active duty (Fire Controlman). Served most of the time in Japan. + +* Both parents passed away in 2008-2010. I was left with a single condo where they lived. At first, I was going to sell it, but decided to rent it out through a local property manager (I was in Japan at the time). Cash flow was terrible, so that didn't really give me much encouragement to pursue real estate at the time.. + +* 2013: Left the Navy, moved back to San Diego, got a regular job (electronics technician at first). Decided to give real estate another shot. After about 6 months of searching, found a duplex that needed a good amount of work in a B- area. Moved in one of the units with my wife, rented out the other. She was not very happy, but this turned out a great investment over time and we eventually moved out. + +- 2014 - 2015: Ready to buy more properties, but real estate in San Diego is too expensive and cash flow almost non-existent. Started looking out of state. Decided it was too risky to try to buy/rehab myself, so ended up buying 4 turnkey SFRs in Atlanta and Birmingham. Cash flow was good and prices started appreciating over the years, so still happy with these homes. + +- 2016: Felt more confident with managing out of state rentals and owning properties in general, so decided that I could make more money by buying value-add properties off MLS or private sellers. After extensive research, decided on Kansas City, flew out there, built a local network, started looking at 2-4 unit properties. Ended up buying three 4-plexes in a private sale because the agent tipped me off. + +- 2017: Feeling more comfortable in Kansas City, but was having a hard time finding new deals on the MLS (spent about 10 months looking). Decided to do a direct mail campaign to a very select group of multi-family property owners (about 100 total). Hand wrote the letters, added photos of their exact houses, sent out myself. Ended up landing 4 sales for more 4-plexes. + +- 2018: Taking a little break for the first 6 months, focusing on doing rolling rehabs on all units I picked up in 2017, raising rents to market, improving general operations. Will start looking for more in the summer (already have some possible leads from the mail campaign). + + +### **Future Plans** + +My original goal was to get to 50 units before turning 40, so I'm quite a bit ahead of schedule. Barring anything crazy, I anticipate to get there within the next 1-2 years (15 more units to go). + +This will put my passive income somewhere in the neighborhood of $15k/month or $180k/year. I'm not sure I want to retire quite yet, so I will most likely continue with the same strategy, buying more units up to 65-75 total. + +I'm also planning to do a full review of my entire portfolio (now that there are a few years of operational history), sell the underperforming properties (and probably most SFRs) and re-invest into better performing multi-family buildings. I'm also considering focusing on larger apartment complexes, but we'll see. + + +### **Key Takeaways** + +It's hard to pin point a single thing that helped me the most. Some may say I was fortunate or "lucky" at several points in my life, but I think a steady, consistent growth strategy is what played the biggest role. + +Here are some other things: + +#### *Maximizing my income* +Since I didn't rely on any "creative" financing strategies, all of the deals I've done required some cash from me to close. Now that I buy value-add properties, I also finance the rehabs myself. + +What really helped is maximizing my income from my full-time job and side-business. I went from being active duty in the Navy (around $40k/year) to senior front-end engineer (around $150k/year) and running a profitable startup (another $150k/year) on the side in a few years. + +Everybody's situation is different, but I think most of us can do at least something to increase their income. + +#### *Having a ~70% savings rate* +Throughout my adult life I have consistently maintained a savings rate of around 70%. Combined with the point above, this was really the key to saving money for the next property quickly. Especially in the last few years, as my income increased substantially, this really helped. + +Along the same lines, I've never touched any of my income from rental properties or other investments. 100% of that is re-invested. + +Again, I think this is something that can be done by anyone, regardless of their income level. I meet far too many people who make six figures and have almost no savings, because of their lifestyle choices. + +#### *Focusing on the right markets* +There isn't such a thing as "the best market". Macro and micro economic conditions are also always changing, so the markets that may be "good" for rental properties today will not be the same a year from now. + +I definitely would not consider myself an expert of picking rental markets, but I have talked to a lot of people who are a lot smarter than me and have developed a set of criteria that help me focus on where to invest next. + +Since where I live is so expensive, and I originally had limited funds (and wanted higher cash flow), I primarily focused on larger metropolitan areas with good economic and population projections, but which have strong cash flow and average property prices around $55-100k per door (for multi-family properties). + +Last time I did my "analysis" a few years ago, there were several promising candidates, including Atlanta, Dallas, Charlotte, Kansas City, Nashville. I ultimately settled on Kansas City and that's where I'm planning to buy in the next few years. + +#### *Being very conservative with cash flow projections* +I'm an analytical person by nature, so the whole process of analyzing potential cash flow from a rental property always appealed to me. + +I've always been extremely conservative when estimating cash flow projections. This probably caused me to pass on some "ok-good" deals, but ultimately got me "great" deals, which is what you obviously want. + +I never use rough estimates or the so-called "50% rule" (I think it's actually extremely misleading). I look up exact rental comps to estimate rents, I look up what insurance, management, utilities, and property taxes (after sale, NOT current) will be for each property. + +On top of that, I use high vacancy and maintenance estimates, basically accounting for the worst possible scenario. I've gotten into plenty of arguments with sellers over "my numbers", but this strategy has only done wonders for my returns. + +#### *Running my rental portfolio like a business* +I've figured out pretty early on that owning 1-2 properties isn't going to make me rich or allow me to retire early. After I set a goal to get 50 units, my brain started thinking on what I need to start doing NOW to make this possible at the end. + +And what I came up with is a realization, that I should treat this whole operation as a business, instead of just passive investments. So I focused on 2 things - building a network and a team of professionals to help me (property managers, agents, lenders, mortgage brokers, insurance guys, etc.); and training/teaching them to basically do most of the work for me. + +The biggest challenge of owning this many units, especially all over the country is management. I never self-managed a single property. I have always used property managers and over time developed a set of criteria for picking them, and a system for keeping them accountable. + +I don't get into day-to-day operations, but I basically groom each of my property managers to do the job for me in a way where I'm satisfied. It takes some work up front, but overtime pays off big time, as mutual trust and understand develops. + +*** + +Sorry for the long post, but wanted to give as much context as possible so you have some info to ask questions around. +Hello, +I am 28 years old and make about 50k a year salary. I have about 10k in savings account, and some retirement funds. I'm interested in purchasing a small home in my city that is very decent, and I could see myself living there for 5-10years + +I have no debt really. Just a small credit card balance and small student loan. + +The house is 80,000. I can't put 20% down, but Bank of America gave me a pre-approval for 3% down on a conventional loan @30yr fixed rate with NO PMI. Estimated mortgage would be roughly 550 with taxes, insurance etc. this is quite affordable for me. + +Does this sound like a reasonably good deal?? I know it's always good to put 20% down, but considering the low purchase price and no PMI, is this a bad deal?? +To everyone now entering crypto, and lurking here waiting for their 10th day to post, I would like to give a warm welcome. We can't see you but we feel you. Welcome to the biggest party in modern history. + + +THE TIME HAS COME, Closed Beta (Aug 2021) + +A functioning version of the app is released to a select user group for initial testing, feedback, and refinement. + +• 4th August - First 10 creators announced. + +• 15th August - First 15 creators join platform. + +• 23rd August - First 100 admirers join platform. + +Invites to the Closed Beta will be based on PRT holding, Community contribution, and a Lottery. + +🍑 Application beta release 🍑 + +THE TIME HAS COME, Closed Beta (Aug 2021) + +Lil Pump + 10 Creators just tweeted today in part with the partnership of project. + +A functioning version of the app is released to a select user group for initial testing, feedback, and refinement. + +• 4th August - First 10 creators announced. + +• 15th August - First 15 creators join platform. + +• 23rd August - First 100 admirers join platform. + +Invites to the Closed Beta will be based on PRT holding, Community contribution, and a Lottery. + +Since May 25th without touching the marketing wallet, PornRocket has: + +🍑Application rebrand NSFW.app + +🍑Gained acquisition of intimate.io + +🍑Two prototype app testing sessions + +🍑Listed on HotBit, LBank, BitMart, PancakeSwap, Padswap, ZT + +🍑Achieved an ATH market cap of over $100 mil + +🍑Exclusive partnership with Leolulu & ATMLA + +🍑Recruited top-ten Pornhub stars + +Why is pornrocket taking over the industry? + +UNLIMITED UNCENSORED CONTENT + +NO FEE'S FOR CREATORS + +NFT PORNPAD + +100% ANONYMITY + +1 ON 1 EROTIC EXPERIENCE + +XXX REWARDS + +🍑 Telegram: [https://t.me/prnrocketbackup](https://t.me/prnrocketbackup) 🍑 Website: [https://pornrocket.co/](https://pornrocket.co/) 🍑 New website: [https://nsfw.app](https://nsfw.app/) +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Dave Ramsey strongly advises to pay off all debt before investing. But if someone has low-interest student debt and the possibility to invest with returns that exceed the student debt interest, why would he advise against that? Is there some math I am not seeing or is that just his personal philosophy? +The only airplanes that BCA is delivering right now are 767s, and a very few 737s. Their cash burn has increased in the second half of 2020 because of the issues with the body join on the 787s. + +I know that they pulled in a bunch of cash to ride out the 737 storm, but they must be burning it up at a prodigious rate. + +Has anyone seen info on BA cash burn rate relative to their stockpile? Anyone place odds on BA going bankrupt in 2021? + +They have practically no major revenue generating operation right now, relative to their cost structures. + +Article discussing 787 issues: http://nyc787.blogspot.com/ +This is the official AMA (Ask Me Anything) post for **Carl Hagberg**, a retail shareholder rights expert, who will be joining u/atobitt on [Superstonk Live](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) for a one-on-one discussion, with questions influenced by and taken directly from this post. + +**Please make comments on this post directly, as we will be referencing this exclusively.** + +\--- + +# Please visit the [Superstonk Youtube Channel](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) and subscribe and enable notifications so that you are prepared for the [live stream on May 12, 2021 @ 4:00 p.m. Eastern](https://youtu.be/KHnpPfWdf78) + +# More information about Carl Hagberg: + +[Carl Hagberg](https://preview.redd.it/eet6vg2yk6y61.jpg?width=226&format=pjpg&auto=webp&s=7e8db4d92bf70a7bac5d74d4009e7ea93d0152f7) + +>Mr. Hagberg has more than 45 years experience in the Securities Industry. He has held senior level positions in operations, marketing and general management assignments and served on the boards of two highly successful financial services companies. +> +>In his last ten years at Manufacturers Hanover Trust Co., he was responsible for the bank’s Stockholder and Bondholder Services businesses, then the nation’s largest. He retired as a Senior Vice President of Chemical Bank’s Corporate and Institutional Trust Group in 1992 to establish his own marketing, shareholder relations and investor services firm; his mission: “Helping public companies - and their suppliers - to develop better and more cost-effective shareholder services.” +> +>Mr. Hagberg is considered to be one of the nation’s leading experts on individual stock ownership programs. He has helped over 100 companies (including companies and government agencies in several Eastern European and Central Asian countries) to launch, improve or remarket programs aimed at customers, employees, existing stockholders and other affinity groups. He is also considered to be a leading expert on the proxy voting process and has served as Independent Inspector of Election, both in contested and uncontested situations, at over 300 annual and special meetings of shareholders. +> +>He is the editor and publisher of The Shareholder Service Optimizer, a quarterly newsletter, the bi-annual OPTIMIZER Magazine, and the author of numerous articles published elsewhere. His plain-English publication, What Every Stockholder Needs to Know About “Registered” vs. “Street-Name” Ownership has been mailed by U.S. companies to nearly three million shareholders. +> +>Mr. Hagberg was a founder and the Managing Director of Manufacturers Hanover Trust Company of California from its inception in 1984 through 1992 and served on the Audit and Investment Committees of the Board. He served on the board of the Minerva Fund, an equity mutual fund sponsored by the Long Term Credit Bank of Japan and Morgan Stanley & Co., from its inception in 1992 until it was absorbed into another fund in 1997. +> +>His experience in applying technology to improve service while lowering cost dates from the early 1970s when he was “on loan” as staff to the Banking and Securities Industry Committee (BASIC). This blue-ribbon panel of CEOs was formed to solve the “paperwork crisis in the securities industry” through standardization and automation. Its efforts culminated in the formation of the Depository Trust Co. +> +>He holds a BA from New York University and a MS from the Columbia University Graduate School of Business. He is a member of the American Arbitration Association, the Society of Corporate Secretaries and Governance Professionals (a former New York Chapter President and National Treasurer), the Shareholder Services Association, the NASDAQ Board of Arbitration, the National Association of Stock Plan Professionals and currently serves on the Board of Directors of Fountain House, the world’s leading provider of rehabilitative services to men, women and young adults suffering from major mental illnesses. + +Note that Mr. Hagberg will not be able to answer certain questions due to legal concerns or otherwise. + +\--- + +**This AMA Post will remain active until the live stream begins, at which point this post will be LOCKED.** Please note that our AMA guests have limited time, and cannot possibly answer all questions, so we encourage you to put some effort into your questions so that they can be upvoted by your fellow apes for visibility. + +\--- + +**YOUTUBE INFO** + +Please note... **This channel is not monetized, nor will it ever be** (screenshot this and hold us accountable), and is strictly for education and discussion as it relates to [r/Superstonk](https://www.reddit.com/r/Superstonk/) topics and the interests of the community. The idea was approved by the mod team, and the channel was created and is administered by [u/redchessqueen99](https://www.reddit.com/u/redchessqueen99/). The stream itself will be handled through a third party service with many live-editing features (omitted for security's sake) that allows a stream through Youtube. + +Finally, we made the choice to create this platform because AMA guests seem to prefer the live stream method, since they don't always have a reliable platform to stream from. This allows us to offer them a choice of platform, and also a means of discussion with our members LIVE, that ultimately will cater to the interests of [r/Superstonk](https://www.reddit.com/r/Superstonk/) and this community of diamond handed apes. +Hi everyone, +If you don't know what the "Ethereum Community series" is, please find the two first talks with u/jtnichol and Ameen Soleimani here: + +- https://www.reddit.com/r/ethtrader/comments/b1i6wy/jeremiah_nichol_ujtnichol_ethtraders_community/ +- https://www.reddit.com/r/ethtrader/comments/b3gu0f/an_1h53min_talk_with_ameen_soleimani_on/ + +Today I'm happy to announce guest number three: Vitalik Buterin (u/vbuterin). Vitalik is the founder of Ethereum ([find out more about the prehistory of Ethereum](https://vitalik.ca/2017-09-15-prehistory.html)), currently focussing on Eth2.0 research and L1 scaling (sharding). You might want to check [On politics, with Glen Weyl](https://breakermag.com/vitalik-buterin-thinks-this-mans-ideas-can-break-americas-political-logjam/) ([book review](https://vitalik.ca/general/2018/04/20/radical_markets.html)) and a broader introduction to Ethereum from [Disrupt SF](https://www.youtube.com/watch?v=WSN5BaCzsbo). + +From Bitcoinmagazine.com: "*Vitalik Buterin is a co-founder of Bitcoin Magazine who has been involved in the Bitcoin community since 2011, and has contributed to Bitcoin both as a writer and the developer of a fork of bitcoinjs-lib, pybitcointools and multisig.info, as well as one of the developers behind Egora. Now, Vitalik's primary job is as the main developer of Ethereum, a project which intends to create a next-generation smart contract and decentralized application platform that allows people to create any kind of decentralized application on top of a blockchain that can be imagined.*" + +He's [@vitalikbuterin](https://twitter.com/VitalikButerin) on Twitter. + + +Feel free to post and upvote one or more questions you'd like him to answer. Questions can be submitted until Tuesday. Thank you again for all the great feedback so far and thank you to all who have submitted questions in the past. I'm looking forward to this one. :) + + +*Edit: before submitting a question, please go through the comments and see if someone else has asked something similar. It makes my job a bit easier. You can "second" the comment (and upvote) so that I know it was a question of yours, too.* +**CEO Performance Award Details** + +The performance award consists of a 10-year grant of stock options that vests in 12 tranches. Each of the 12 tranches vests only if a pair of milestones are both met. + +* Market Cap Milestones: To meet the first market cap milestone, Tesla's current market cap must increase to $100 billion. For each of the remaining 11 milestones, Tesla's market cap must continue to increase in additional $50 billion increments. Thus, for Elon to fully vest in the award, Tesla's market cap must increase to $650 billion. +* Operational Milestones: To meet the operational milestones, Tesla must meet a set of escalating Revenue and Adjusted EBITDA targets (the only adjustment to EBITDA is for stock-based compensation). These milestones are even more directly aligned with shareholder value creation than those used in Elon's 2012 performance award. They are designed to ensure that as Tesla's market cap grows, the company is also executing well on both a top-line and bottom-line basis. + +For each of the 12 tranches that is achieved, Elon will vest in stock options that correspond to 1% of Tesla's current total outstanding shares (1% of that amount is approximately 1.69 million shares). If none of the 12 tranches is achieved, Elon will not receive any compensation. + +&#x200B; + +[https://ir.tesla.com/news-releases/news-release-details/tesla-announces-new-long-term-performance-award-elon-musk?ReleaseID=1054948](https://ir.tesla.com/news-releases/news-release-details/tesla-announces-new-long-term-performance-award-elon-musk?ReleaseID=1054948) + +&#x200B; + +Edit: [ **Mark B. Spiegel**‏ @**markbspiegel**](https://twitter.com/markbspiegel) + +As I noted last week, right now [~~$~~**TSLA**](https://twitter.com/search?q=%24TSLA&src=ctag) = Bitcoin (except at least Bitcoin frauds get prosecuted!). As I said I’d do last week, I stopped it down to 5-6% of the fund when it took out last week’s high today, and will stay there until it reconnects with reality. +The same questions are asked everyday and it's ruining the quality of the sub. + +Is 212 good or legit? +What ETF should I buy? +Is Greggs/ weatherspoons/ Cineworld/ Aston Martin a buy? +What is an ISA? Should I make an ISA? + +An FAQ or a warning to use the search bar would help this sub so much. Currently it feels like groundhog day every time I come on. Happy to help make one but feel there would be people much more qualified. +[Previous Post](https://www.reddit.com/r/IndiaInvestments/comments/jl0l1n/help_and_advise_needed_with_home_loan_india_bulls/) + +Broke an FD that my parents had and paid the loan in full. Though the loan is closed, I am still seething with how Indiabulls conducted themselves throughout this episode. + +Thanks to all those who took time out and wrote on the original post! +Sup apes + +not financial advice in the slightest. + +Before I begin this analysis post, if you question the validity of fibonacci and Elliott Wave because it has proven to be "incorrect" you are approaching this topic with the wrong mindset. Fibonacci and EW are quite literally the "formula" to the stock market, but its much easier to understand than it is to implement. + +GET FUCKING HYPEEEE!!!! + +Obligatory crank: [https://www.youtube.com/watch?v=Phy75VJRObQ](https://www.youtube.com/watch?v=Phy75VJRObQ) + +Spotify link: [https://open.spotify.com/track/21UoRIOIjkWdHU8xbxQ0Z7?si=1958348bf5524bf0](https://open.spotify.com/track/21UoRIOIjkWdHU8xbxQ0Z7?si=1958348bf5524bf0) + +As always, I post intraday analysis on my [twitter](https://twitter.com/gavinmayreal) to provide updates on what I see, if you're interested in the snippets/BTS charting, you'll love it. + +In this post I am going to be going over mainly GME and touch on a few indices. + +First off, if you've been reading my posts for a while, you'd know I was on the lookout for the current trend to hold above 197 for my wave count to be correct. Friday and today we broke below this level, seeing a low of 193.71. + +Wut mean you ask? + +All this means is that the count I was analyzing on a smaller scale was invalidated, as we broke below the original supposed low target of 197. + +In lehman's terms, instead of a 3 within a 3 within a 3 within a 3, the updated trend will be a 1 within a 3 within a 3 within a 3. + +basically, nothing is changed. + +I am also very well aware that bad actors read my and other's analysis and act on it as an attempt to attack the validity of not only technical analysis but members of the sub that are looked up to for their analysis. + +To the shorts that do this, I say fuck you, pay me. + +I have happily added more shares under 200, that's a fucking steal if you ask me. + +Here's my updated chart factoring in today's low, simplified (I cleaned my shit up big time) + +[Daily](https://preview.redd.it/lq89qnsfqn971.png?width=2816&format=png&auto=webp&s=720f08ff3a540599c47662db4299584baef44abc) + +Note, the only targets changed from the recent downward pressure (white line/red annotation). All larger scale targets remain the same, the only way the latter would be invalidated is if we broke below 112.83 (yellow line target) and 38 (blue line target) + +The white (3rd largest degree) will go down proportionate to how much downside we have from hereon out. example, the 1.618:1 ideal wave 3 target factoring in today's low of 193 comes out to 567.66. If we drop to a low of 190 in the next few days before continuing up, then the updated 3 target would be 564.66. + +My biggest reason for writing this is to clear up some misconceptions I have heard regarding the wave structure. + +So idk about you, but I could care less about what happens in the short term. The overarching setup is (as always) screaming buy. + +However, in terms of my previous prediction of 197 being the low, this fell through as we broke below the smaller scale wave 1 low. Remember, for a motive (5 wave impulse) structure, wave 2 cannot retrace into the territory of your wave 1, otherwise you must redraw. There is NO exception for this rule. + +Before I continue with GME, I would like to shed more light on my [$SPY analysis ](https://www.reddit.com/r/Superstonk/comments/obn6rx/elliott_waves_and_the_top_of_the_market_is_this/?utm_source=share&utm_medium=web2x&context=3) . I still hold my 432 top target, I just want to go a bit deeper in the analysis. I was considering making another youtube video so you could see how I analyze and draw targets, but I'll save that for another time. I do want to thank you all for the insane amount of support on my first (and only) [GME SPY EW video ](https://www.reddit.com/r/Superstonk/comments/o1j93q/a_message_from_elliot_waves_guy/?utm_source=share&utm_medium=web2x&context=3) + +Here's what I see on a 4hr view: + +[4hr](https://preview.redd.it/wf4gw34otn971.png?width=2782&format=png&auto=webp&s=20c654cb312a1b3823a203fdde519bc7a26c9d94) + +Monthly: + +[Monthly](https://preview.redd.it/51ovbhfstn971.png?width=2772&format=png&auto=webp&s=11191e09c072e0d761c6d48e487db233da740945) + +Without a doubt, SPY is ridiculously extended to the upside. + +I believe we will see 436 hit in the near future at the very least, highly doubt much more upside from there. My reasoning for this is remember that EW is a fractal trading strategy, meaning targets on a smaller timeframe line up to form larger time frame targets. + +&#x200B; + +[visualized](https://preview.redd.it/51mjqx85un971.png?width=2824&format=png&auto=webp&s=e6549eb2b289e18c38c3e5965405607447805b86) + +You can see the 5 wave structure from the recent lowest low, normally wave 4 can't retrace into the territory of 1, however keep in mind the overarching wave is a 5, meaning 4 CAN retrace into the territory of 1. This trips a lot of new EW traders up as they don't understand the rule of **diagonals.** + +regardless, wave 5 usually targets .618 - .786 of 1. the .618 level of this move comes out to 436, where the bigger cycle 5 next target comes out to 436 as well (1:1 level, yellow). + +an extension of above .786 for a wave 5 is considered to be extended for what it's worth. The yellow trajectory I drew is **only for visualization purposes** and in no way is saying this is exactly how SPY will play out in relation to price/time. + +the reason I'm talking so much about SPY here is because GME and a little something called negative beta. in short, market go down, GME go up, and vise vera, though correlation does not mean causation all the time. The market being near the top and GME near/at the bottom of the trend is interesting when you compare the two, and the supposed trajectory of each from hereon out using EW: + +&#x200B; + +[visualized](https://preview.redd.it/kyv6eatvun971.png?width=2782&format=png&auto=webp&s=1983cec53b01236137008a1039415c226380dda2) + +again, do note the white lines on SPY are only for visualization purposes, see my SPY DD for in depth retracement targets for our seemingly imminent bear market. + +SPY near top and GME near bottom, hmmmm... + +In terms of GME downside should this not be the bottom, super dumbed down, here's the channel GME is traveling in with fib dates worth keeping an eye on: + +&#x200B; + +[channel in red, time extensions colorful](https://preview.redd.it/6uei55gevn971.png?width=2792&format=png&auto=webp&s=20b232cd208d12dcd1a0c33f885f697d41cf446d) + +Fibonacci time extensions can also be used to predict when a wave will change trajectory. In this scenario, I measured the length of the 1 (from 113 to 344) to get fibonacci numbers in relation to this time period. Stocks often need to cool off/consolidate after big moves before continuing the original trajectory. Totally normal in the stock market. + +However, given that GME is incredibly manipulated, take these fib dates with a grain of salt. I personally don't use them often with GME, though on other tickers I have found it to be quite profitable. Not that I endorse GME day trading at all, because you shouldn't, though when trading NORMAL (key word) tickers, Ideally, when swing trading, you load a full position a bit after the first upwards move, and use fib time extensions to predict when the corrective wave will end. + +In this scenario, the 38.2 time extension comes out to tomorrow, which signals a **potential** reversal coming tomorrow. Wednesday is also notorious for erratic GME movement, so stay buckled up! + +What's realllllllly fucking interesting is the 50% time extension comes on the notorious 7/14 date. + +What I want you to take away from the above visual is in the event that our reversal doesn't begin tomorrow from today's low, lower bound of the channel comes out to around 175. Just keep an eye on that level for some insane cheapies if Shitadel decides to abusively press the short button. + +All in all, GME is incredible bullish and those that hodl through this wave 2 will be handsomely rewarded. This I can guarantee. Fibs don't lie. + +What make's me think today COULD be the low is, you guessed it, significant fib levels. This time, I measured the low of february to the high of march (second highest degree of waves), visualized: + +&#x200B; + +&#x200B; + +[4hr](https://preview.redd.it/2qrmj1fuwn971.png?width=2768&format=png&auto=webp&s=131324b10245d06fae1396aa73c6366854c49b3a) + +Fib level? 193.5. Today's low? 193.71. + +so close to .69 :') + +Until we have significant upwards pressure, I won't have narrowed down smaller timeframe upside targets, but larger timeframe targets are still valid. It will be very hard to break the overarching setup for the shorts. + +I'm out. Thanks for reading 🍌 + +Time to go get high af and stare at fib levels some more. + +TLDR: Boom soon, Market near/at peak, GME at/near bottom, negative beta, GME to 8+ figures is not a meme and will happen if you believe and hodl for it. I know I will 🚀 +I found this stock [(ISEE) with a really high IV](https://alphapursuits.com/isee-the-wheel-strategy-trade-idea/) and selling $5 Put could net a 10%/ month return at the time. + +The market has dropped and now it's more than 20%/month. + +Is this still a good idea for the Wheel? + +https://preview.redd.it/ti0h8vy6o9k91.png?width=1026&format=png&auto=webp&s=96a0cddcc8982871a12720ed7c1b81eff16f93ff +I bought Bitcoin when I was 16 on Coinbase, and almost immediately after they changed their policy so you had to be 18 to use the exchange. They locked my account, so I was forced to hold. I'm sure they would have let me withdraw my funds if I contacted them but I figured I would just come back when I'm 18. Well I forgot about it until I noticed the bull run in february, I logged on and damn... 1,000 percent gains on my 20 dollars. Best investment of my life. Since then I emailed them, they unlocked my account, and I've been DCAing weekly. + +Edit: Holy crap just got out of work and seeing this post blow up made my day! Thanks everyone! +My 2 cents.. Best way to learn the stock market and become efficient and proficient is to be hands on.. Skip the advertising lessons you see allover and those so called “I made millions doing this or I turned pennies into riches”... You should frown upon them. + +Want to get good at stock market investing and trading? Be hands on. Learn as you go. You loose money, probably a lot of money, but you gain a lot of knowledge. You can mentally structure those loses into as a cost for “Self Taught Knowledge”.. Those loses are investments. They are not losses. Why? Well that money was destined to go somewhere. Either to daily cheeseburgers or someone rip-off instructors.. + +Instead you will be giving it to a market as a loan, knowing sooner or later, you are going to be getting it back with interest at a far higher rate than ever. + +Now when you start earning profits from your mistakes, guess what, your head is going to go really up high. Why? You now have pride in achieving 2 major things: + +1: Self Taught Skills +2: Earn Money-making + +You and your mistakes are your biggest instructors and your greatest inspiration, and should be your highest motivation. + +Keep on riding. + +-Cheers +✌🏼 +Just received this communication from PPFAS. You can look at the full message here: https://amc.ppfas.com/downloads/2022/re-opening-of-our-flagship-scheme.pdf?10032022 + +Excerpts from that note, + +> As of now we have no visibility on if / when and by how much the limit for overseas investments will be revised. As I write today, there is a conflict going on between Russia and Ukraine, Crude Oil prices have risen and the Indian Rupee has fallen somewhat. If and when the limits are increased, and if it is of a relatively small amount, the same will get exhausted soon. In such a scenario, having funds readily available will be advantageous rather than opening the scheme after the limit increase only to see the industry wide cap get breached again. +> +> +> While we wish for an early increase in the overseas investment limit,considering the current scenario, an early increase may not come by. We have been getting feedback from investors that they would like to benefit from lower stock prices and invest in Parag Parikh Flexi Cap Fund. +Also, various investors have registered their SIPs through different platforms where the back-end for each differs. This has caused confusion among investors and partners regarding the status of their investments in Parag Parikh Flexi Cap Fund. +> +> +> Given this background, we will be opening up Parag Parikh Flexi Cap Fund for acceptance of transactions with effect from Tuesday, March 15, 2022. +> +> +> At this time there is no change in the overseas investment limit. Because of this, fresh net inflows will have to be invested in India. Given this situation, it is expected that over time, the weightage of foreign stocks in Parag Parikh Flexi Cap Fund will come down. As and when overseas investment limits are increased, we will rebalance the portfolio as per the then prevailing situation and valuations. +Hi guys. I’m in over my head and I hope you guys can give me some advice. This March, my husband and I started a renovation project on our kitchen and master bath. It has ended up costing more money than planned due to some issues discovered during demo. No big deal, we’ve been planning for this for 4 years. Just have to tighten the purse strings a bit and do more work ourselves. + +Then about 2 months ago, my husband lost his job as an internet technician. He was making $24/hr. I should also say that I am a chemist and I make $28/hr. The reno is costing us about $60k at this point (we did have to take out a loan for 30k which we are paying $700/mo on). We did refinance our home loan earlier this year so our mortgage is $750/mo now (it was closer to 1k before refinancing). + +My husband found a new job right away at a brewery (which was the plan once I was making the bacon anyways but that was going to be maybe next year…just bad timing). He makes $10/hr at the brewery. It’s okay I thought, we’re still in the green about 1k/month. + +Then I got home from a 3 day work trip today and he told me he got fired from the brewery. He applied for a better job at a different brewery in town, they contacted his current employer as a reference, his current employer fired him. + +At this point I don’t see how we’re not totally fucked. I am about to get a raise to $32/hr at work but unless he can find work ASAP, it’s not going to be enough. I need some new ideas. Our credit cards are almost maxed already and I recently balance transferred my credit debit to a new card at 0% apr for 18mo (something I hoped to never have to do). Our other big monthly bills are phone ($200), car ($230), and student loans ($170). + +I just don’t know what to do. We planned and scrimped and saved for years for our home improvements and life is just railing us hard all of the sudden. If all you guys can offer are words of support, that would even help a lot. + +TLDR; husband lost his job twice during expensive renovation and I am freaking out. + +EDIT: Thanks for all the advice! We had a long talk last night. I know my husband needs a job ASAP. Remember, he literally lost his job yesterday so he is looking. I talked to him last night about getting another technician job and doing Uber/Lyft. I’m going to talk to him again today and see what he’s applied for today. I hate that I’m going to have to be on his ass about it but he’s having a midlife crisis or something. This is of course having a toll on our relationship and I’m aware we have issues that go beyond the current situation. Also, we don’t have kids and live in the Midwest. It is frustrating and I was not okay with the $10/hr brewery job but he was happy and I wanted to be supportive. Also, selling the house is the very last thing we would consider doing, but I know it’s a possibility. +Hi, + +So I’ve read over the past couple of weeks that mortgage interest rates have been rising. + +I thought that in a low-interest environment mortgage rates would drop? + +Looking for an economic / financial explanation if possible beyond “to curb demand”, and how the secondary market (i.e bond prices) would affect that. + +I would have thought that low interest rates -> bond prices high -> lower mortgage rates. Can someone explain where I’m misunderstanding? +I've been watching a lot of dumpster diving videos lately and following the /r/dumpsterdiving subreddit. It's really unbelievable the amount of merchandise, in good shape, within the expiration date, being thrown out. Can anyone explain to me why these companies can make so much money while wasting so much inventory? + +I assume the price for the goods are so artificially high that a percentage of inventory can be wasted without issue. If they tried to mark it down for quick sale it would cost them more in lost sales of retail priced equivalents. Some people have told me there are tax write-offs for distressed inventory. + +Is there any changes in law that could be made to create incentives for companies not to waste good items? Higher taxes per pound on garbage collection maybe? The environmental impact of all this wasted stuff seems like it would be huge. + +When did all of this waste start? I don't remember dumpster diving being that popular in the 80s and early 90s. It seems like it was around 00s where the trend started. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I remember seeing many articles a couple years ago claiming that the US had a surplus of empty homes, enough to house the entire homeless population (500k+) or something along those lines. The intent of the articles always seemed to be about American politics and how we don’t do enough for the homeless. + +What ever happened to that statistic? Has home inventory really decreased that much over the past 2 years? Are these empty houses being flipped? +My dear friend is stressed. + +He recently finished building a home and decided to sell it on completion (to move in with his new gf). He sold the new house at auction. Unconditional. Deposit was paid. + +Ever since the contract was signed that weekend, the buyers have clearly got cold feet. Mentioning that they paid too much. And I think they are spooked by interest rate news. + +Basically, they are combing over the property trying to find a reason to cancel the contract. + +At the moment they are claiming the rainwater tank is too close to the fence line in breach of council rules. + +And as such they are claiming grounds for cancelling. + +Does anyone know if this is legitimate grounds for cancellation. + +I thought buying at auction means it is unconditional? + +My friend was happy to move the tank but the conveyancer has insisted not to touch the property now without amendment because the contract is signed and final. + +I don’t think the buyer wants it fixed. They just want to get out. +I focus on the basics; being a business, taxes, government spending - but I know that economics has changed beyond basic supply and demand/ rational actor. I just don’t have a sense of priority with more modern content. +I'm a single mom with two kids making $75,000 year. I only have $1000 in my 401k and I'm finally in a position to start saving money. +My employer states that they match 100% of my first 3% of funds and then 50% of the next 2%. + +I am using Fidelity and it looks like I have an option to also contribute to a Roth. + +How can I maximize my retirement starting so late? + +Thank you!! +Notebook: [redacted as of May 15th 2021] + +First, I used **every** possible company financial (there are 72, like "Net Income" and "Total Assets", etc.) and the accuracy was **ridiculously** low. So I trimmed down the feature set and tested 2-3 features that I thought would be important in predicting stock price. Still very unaccurate but much closer to what I wanted. + +I started an investing club with my family, and I had them test different features to see if they could get a good accuracy. We never reached an accuracy that was good enough to trade on. + +Feel free to clone the project and test features (company financials) on your own. + + +**Edit 2:** Changed y from open price to market cap, as requested. +Take this with a pinch of salt. Hopefully helps someone. + +Proof: [https://imgur.com/a/XcK94lc](https://imgur.com/a/XcK94lc) + +Two months back, I posted this in /r/realestate: [https://www.reddit.com/r/realestateinvesting/comments/nd6rqp/bidding\_for\_a\_house\_without\_an\_agent\_bay\_area/](https://www.reddit.com/r/realestateinvesting/comments/nd6rqp/bidding_for_a_house_without_an_agent_bay_area/) + +I work on first principles and play it risky. So, this is not for everyone. The deal was for multiple millions. + +House went on the market. I called up the seller's agent and show interest. Checked out the house and decided to proceed. Told the seller agent I am not represented, and they can keep the 3% in whatever split between them and the seller. It was almost too good for them that I sounded like a naïve idiot. Aligned with their interest, they become both the seller and buyer agent (CA rules) and decide to keep 2% (original 3% + 2%) to the agency. Gives me all the scoop to win the deal. Agent talks to the seller to get a feel and decided to change the split to 1.5, 1.5%, eventually taking it to 2% back to the seller (as you see in the screenshot above). I am happy they aren't greedy. With one counteroffer, the seller accepts. To gain trust I immediately transfer 3% earnest in a day. + +The agent guides me, and we close in 30 days. I paid $10,000 above the list price. + +Risky but paid off. In retrospect, if I had an agent, I would have paid at least $300,000 above list price without any guarantee of closure. + +I was also in touch with the author of this tweet: [https://twitter.com/sweatystartup/status/1361036020117082121](https://twitter.com/sweatystartup/status/1361036020117082121) and he was very helpful. + + +**Edit:** + +The 300K is an exaggeration. I’ll never know. But the house went into pending even before they uploaded all the pics to Redfin/MLS. + +I am almost tempted to post a link to Redfin… + +&#x200B; +Title says most of it. But I'm a single mom, live with my parents until I get on my feet. My baby is just now old enough for me to go back to work. I'm just waiting on my boss to tell me where she needs me. + +My goal is to buy a house in the next 2-3 years but I also want to be saving for a new car just in case something happens to mine. Nothing is wrong with it but It's a little bit older and I don't want to be left in the lurch If suddenly dies. +Another thing I'm trying to budget for is private school. My baby is only 3 months old but I know I need to start saving now in order to make that happen. + +Basically, I don't want to touch my savings AT ALL and I want to put it where it will work for me the best. +I’m only 25, so I’ve only been renting a few years now and never experienced the glory days when the apartments in my area went for 500-600 each, but even in the few years I’ve been renting the prices have gone up so much it’s insane. The place I’ve lived for two years now just decided to - without making any improvements to the interior of any units - start charging $300 more for rent. They’re saying the $300 increase includes new admin fees and “amenities” but this place has no gym, no in-unit washer/dryer, no covered parking of any kind, no outdoor grills or lounge areas, no business space or even public printers, no dog park, no cool movie room like some apartments in the area, not even a lounge area open to residents in the office. + +They’re also forcing a $25 “valet trash” fee on us whether we want it or not, and they used to include some utilities but decided not to include any anymore. In the next two months my $800 one bedroom with one $60 electric bill is going to be an $1100 one bedroom with a $60 electric bill, a $60 water bill, and a $25 valet trash fee. And it’s still the same garbage apartment it was when I signed the lease! + +Well, I decided if I wasn’t getting a good deal here I may as well look elsewhere. If they’re shaking me down for my last dollar I might as well get a gym out of it, right? Except somehow, every reasonably-priced apartment I looked at two years ago before moving into this place has tacked on hundreds of extra dollars in fees since then. A $200 application fee, but then also a $200 admin fee before you can even move in. Oh wait, and also a $400 deposit, and $250 deposit for pets. Per pet. Oh and also you HAVE to use their internet services which are going to run you an additional $200 at move-in, and no they don’t care if you have your own equipment from a different company. $1000 for a one-bedroom? No, sorry if you want to live here you’ll be paying $1200 for a studio if you’re lucky. That’s if they actually let you in with your income, and no that application fee isn’t refundable if they decide to reject you. + +Like, Jesus Christ people! You might as well just charge me an extra $3000 just for having the audacity to gaze upon your unremarkable beige complex! I just don’t understand how anyone, especially students in the college town where I live, is making enough to live in these places. And I haven’t even touched on pet rent, fees just to move in or out, renters insurance, places that require last month’s rent before you can move in, background checks, parking fees, or even all the money you’ll have to spend on ACTUALLY moving to buy boxes or rent a truck. I can’t even figure out what the endgame is here if everyone in town is priced out of all the complexes, will they start bussing people in from DFW or what? How is this sustainable for any of these landlords and what are they going to do when no one can afford to live here anymore? +$TABOO are an entertainment and publishing blockchain technology project utilizing NFTs to create a unique user and holder experience. + +A snippet of the news from this week and what to expect in future includes: + +&#x200B; + +1) COO added to the team with + +Dual degrees, spearheaded his own financial wealth management firm for 5 years, receiving multiple accolades. extensive experience in finance, professional public speaking business consulting/development, and growing multiple crypto projects in an operational role. + +&#x200B; + +2) A major deal is being finalized for their first model/creator which will be announced soon. + +&#x200B; + +3) their first live AMA is being released soon. + +&#x200B; + +4) NFT marketplace final vision is in the works and is going to be cutting edge beating out all the competitors in the space! + +&#x200B; + +5) The whitepaper is being made to reflect the ambitious vision behind the NFT Marketplace. This will coincide with the updating of the website which is coming up soon! + +&#x200B; + +6) CoinGecko has application been submitted and is expected to be completed soon. CMC application in the works. + +&#x200B; + +7) Certik Audit aims to be completed as soon as possible. + +&#x200B; + +“What progress has been made so far?” I hear you ask. Well read on below: + +CoinMarketCap have released a promotion article, with a number of high exposure news outlets still to post (Crypto and Mainstream) + +&#x200B; + +coinmarketcap.com/headlines/news/taboo-a-new-deflationary-meme-token-with-nft-platform-support/ + +&#x200B; + +More than 100BNB has been spent on pre and post launch marketing so far, with huge amounts of effort and money still being spent every day. + +&#x200B; + +Poocoin ad banners have now gone live. The team are supporting every angle of advertising to bring the project more exposure. + +&#x200B; + +A number of high profile news outlets have already released press statements (including Business Insider and NEWSNOW): + +&#x200B; + +markets.businessinsider.com/news/stocks/taboo--a-new-deflationary-token-with-nft-platform-support-10180838 + +newsnow.co.uk/h/Business+&+Finance/Cryptocurrencies/Non-Fungible+Tokens?utm\_source=newsnow&utm\_campaign=domains&utm\_medium=web&utm\_content=newsnow.co.uk + +flipboard.com/topic/memes/taboo-a-new-deflationary-meme-token-with-nft-platform-support/a-lYRZ0vc5TrKIS-lsPBOcRw%3Aa%3A397266076-b242da0a9d%2Fbitcoinist.com + +&#x200B; + +See the Twitter account for the full list of articles here: [twitter.com/TABOOOFFICIAL2](https://twitter.com/TABOOOFFICIAL2) + +&#x200B; + +They are also bringing on some more influencers and adult industry talent for exxxclusive NFT's! + +Liquidity is LOCKED + +7% Tax on all transactions! 5% redistribution and 2% Burn + +&#x200B; + +Burn: bscscan.com/token/0x9abdba20edfba06b782126b4d8d72a5853918fd0?a=0x0000000000000000000000000000000000000000 + +Website: [taboo.community](https://taboo.community/) + +BscScan: bscscan.com/address/0x9abdba20edfba06b782126b4d8d72a5853918fd0#code + +Contract: 0x9abdba20edfba06b782126b4d8d72a5853918fd0 + +Telegram Community Channel: [t.me/TABOO\_OFFICIAL](https://t.me/TABOO_OFFICIAL) + +Announcement Channel: [t.me/TABOOOFFICIAL](https://t.me/TABOOOFFICIAL) + +&#x200B; + +Security Reminder. The $TABOO team will NEVER DM you first nor ask you for funds or personal information. + +With a substantial marketing budget, serious dev team connections and an NFT Marketplace to come, Taboo is sure to take the adult industry and crypto by storm. +Not sure if y’all heard about the wildfires in Colorado today but they were/are pretty bad. I managed to save the most important thing to me being my dog, but lost my home. It could be worse as I just moved so some stuff is still in storage and I have 30 some ought hours before I have to be out of my old place. With the amount of damage done, it’s possibly not only me - y’all ain’t alone and trust in diamond hands, It’s helping to get me through. + +Edit: Update - Tomorrow after work, I am posting several volunteer opportunities and charitable donations going around to help those whom were impacted in my subreddit I created a while ago for charities after MOASS. I am also working with several families to create go fund me’s for the pets of the families, some pets were severely injured and the treatment is wiping a significant portion of savings. I know I said I’d post no go fund mes and I meant to stand by that but it’s the way these families are choosing to pursue help. I am also starting one for myself for full disclosure, mine is due to losing some important paperwork that will costs a bit to replace, most of it is sentimental to me. If you chose to give, please help the families or the verified charitable organizations I post in my subreddit. +*And to think the party hasn't even really started.* + + +Edit: Decided to make a response video to many of you. Thanks for all your comments. GREAT comments/conversation. https://youtu.be/7XFa_ru-RU4 + +I can't count how many times I've seen people say we will not see a new all-time high anytime soon. I think you guys need to get your seatbelts ready. If you're a fan of the tech and you are researching then I'm preaching to the choir. A revolution is starting. It's only been under way since 2009. It's not going away. Once you are convinced of that you can relax and start reading and digging in. + +People in these top-tier teams are really damn excited right now if you take some time to read on their discords and telegrams. + + Sure, The price puts a pit in my stomach for a brief second and then when I step back and look at the forest among the trees I feel like I'm right back where I was in 2014 watching the drop of Bitcoin..... remembering thinking to myself that although Bitcoin was Nifty I wanted something *I could do something with.* + +Now I'm looking at World governments and institutions finding ways to do something with ETH and related tokens. Crypto kitties was a genius novelty but now we're getting ready to peg gold, power casino games, get paid by advertisers, Dai stable coins, interact with Dapps and trade tokens on Toshi, and witness the multiple teams flying and flocking alongside core to assist with scaling. And on and on and on. + +And, yet, I understand why some of you feel like it doesn't matter with all this development. + +**Wake up Buttercup.** You are in the middle of a fintech explosion where the most fine tuned applications are going to run under the hood of some of the biggest names on the planet. + +40 new EEA members today, the boss Vitalik meets in Japan, and the flow of news streams in constantly. Fundamentals don't matter. ETH is second Fiddle and no one understands the music except us. ....Just wait until the pressure of the market sell-off dies out with a whimper. This sub will be just as loud going up as the wailing and gnashing of teeth has been going down..... + +you guys calling for sub 300. Good luck. Reminds me a lot of the people calling for $0.50 back when we dropped from $22. It barely fell below $6. Yes it was shocking.... but if you are riding the train all the way down and watching the news coming in back then you'd feel just the same as I do now. + +Everyday I wake up and I'm astonished just how much more is coming along than I ever dreamed I would see in this short of time. I don't think people understand just how many of these tokens are being powered by ETH and what an absolutely massive wave is brewing from the tsunami of 2018. + +Cheers and big hugs from Kansas City. +So the time is here.. Attorney General National Security Division has served the Bitconnect shillers and court date is right around the corner.. Wonder how this will go? + +[Trevon James Court Date!](https://www.youtube.com/watch?v=A2ewFbRbi4Y&t=788s) + +[Craig Grant Court Date!](https://www.youtube.com/watch?v=QV0xd-7-Yjk&t=38s) + +WHATTTAMMIGUNNAHHDOOOOOO! + +I’m a noob. I live in the Metro Detroit area, and found a house for 80k…comes with a month to month tenant. My question is can I just call the listing agent and ask how much they’re paying for rent? It would obviously be helpful when running the numbers….any advice would be appreciated + +Thanks +There's currently a misconception floating around that anyone who has not registered their shares with CS once the MOASS hits will be left with "fake" shares that they won't be able to sell when the time comes. This is not correct and needs to be reiterated. Because bad actors might use this perspective to try and convince people to sell their shares now "because you can't participate in MAOSS anyway" - which is bullshit. + +The whole point of registering at CS is to *kickstart* the MOASS. + +But once the MOASS hits, *all short positions need to be closed,* by buying back shares on the open market. And for purposes of closing a short, it does not matter, *it is irrelevant*, if that happens by buying back a synthetic share or a registered share. + +So even if you own only synthetic or "fake" shares, your shares *will* be bought back to close short positions *at the price you choose.* You will not be left behind. + +Having said all that, please, please register your shares at ComputerShare if you are at all able to. It is vitally important, because no-one will be buying back your shares until we trigger the MOASS first anyway. +I recently inherited a duplex--paid off. My wife and I have been occupying one of the units for about a year. We love our tenants/neighbors and have no interest in raising the rent just because we can. Three months ago when we really locked in that we were going to be able get the house I looked up the average rents in the neighborhood and our tenants were 92% of mean but actually over the median--I felt ok about their rate as it's a pretty average property. Now they're at 63% of mean and 68% of median. What in the actual fuck is happening? + +As I said, these tenants are good neighbors and since the house is paid off we're not feeling the stress of needing make a note. All that means we'd rather keep them than price them out by running up the rent just because we can. The main thing I want to know is what's driving this balloon? + +EDIT: Sorry about the title. Mean rent now is 146% of the mean three months ago. + +DOUBLE-EDIT: So many replies. I understand my unique situation gives me more leeway than many people who have needs they have to meet. Being new to this I was curious as to all the forces at work that could be driving such a dramatic increase in the space of just three months. If I'd seen something like that over the span of a year I think I'd have been surprised, let alone a quarter of one. I guess, ultimately, I was curious if there was something unique to REI that might be the culprit. You know I got an A in economics in high school, and I read the econ section of the paper so I understand supply/demand, & inflation. But a 46% increase is beyond the pale of both the housing increase and the overall inflation rate right now. The current inflation rate being 6.8%, and the annual housing increase being 17.6% over the year--neither of those obviously coming close to that 46%. If things continued apace (being up 46% every three months) after nine more months the mean rent would be $5913. This growth can't be sustainable. +Hello fellow apes, + +Greetings from Germany. As a europoor ape I use IBKR for DRSing my shares. I so did over the past 3 months, sending shares to IBKR from various brokers. + +If you are not familiar with the europoor stonk exchanges, we largely trade GME under a different ticker - GS2C. For DRSing you need to exchange shares of GS2C for GME first. + +Apparently, IBKR did a mistake when I transfered one of many positions FROM one of my brokers. 143 shares pre-split. That mistake resulted in them putting the position twice onto my account. They just added 286 shares. + +Well, nice surprise, you may say. But I did not even notice. You see, I became a father 3 months ago and I was quite occupied with my twin girls, my family moving to a new place and the rest of my life. So, I remained unaware of the larger position. + +However, what I did was is to DRS my whole position. I left not a single share on IBKR. + +So, long story short, this morning I got a call from them telling me about the mistake and that they now opened a short position of 572 shares post split for me. + +Well, I get their logic, they provided me with shares I did not own or buy. However, what I don't get is that they can just expose me to this kind of risk based on a mistake they did. My new short position is now already minus 500 €. WTH? + +So, what would you do? Comments appreciated. + +Edit 1: +Thank you for all the helpful comments. I am now quite sure the mistake was more on my side than initially thought. Even though I think there could have been different ways than opening a short position by IBRK. I will now send back the respective shares from CS to close the short position. +I'm just venting because it's been a shit day. I work in retail. We were open all day today and are open from 6 am until 9 pm tomorrow. I'm already being forced to work on Christmas Eve, spend time away from my kid, the lady who runs my daughter's daycare out of her home is graciously taking her tomorrow (but I have to pay extra) and when I protested working on fucking *Christmas Eve*, I was threatened with a write up of insubordination from my district manager. + +I am just...really tired. I got screamed at today by a customer because our store's website said we had a clothing item in stock, but we didn't have it in store. Did this customer call to double check? Didn't seem like it. I stayed polite, and courteous and explained that we didn't have it in stock on the sales floor. I apologized. Offered to order it from our website and have it shipped to our store for free and she just kept getting angrier and angrier and how it was so important that she got this fucking jacket and blah and blah. Eventually my store manager stepped in and gave her a coupon and it took everything I had not to break down on the sales floor over some random lady just losing her shit on me two days before Christmas. + +I want to give my kid a better life. She deserves better. She isn't even two yet, so I'm not too worried about the whole Christmas aspect of everything. I just mean in general. I'd love to find a job where I didn't have to rely on SNAP/WIC to keep us fed but I'm also terrified of losing those benefits. + +How bad is it that my "dream" job is sitting in a cubicle, working 9-5 every day? No more being called in at the last minute, no more being screamed at/abused my customers and having to take it because my store manager doesn't have my back and doesn't want to piss off our DM. I could have normal working hours, be with my kid more, actually afford to *live*. Like how sad is it that I wish to pay my rent, water *and* electric bill all at once? No juggling which bill to pay, no more incurring late fees. No more putting stuff on credit cards and maxing *that* out. It's sad that if I were to win 5 grand, it would totally change my life - I'd be able to pay my bills, pay off my credit card debt, maybe even treat myself for once instead of being treated like dirt on the bottom of other;s shoes because I work for shit wages. + +I'm just in my feels today and it's been a tough one. I had to work straight through my lunch break and now I'm sitting here on an extended 15 and crying into this peanut butter sandwich I packed over how crappy today has been. +He has been a long admirer of Alphabet, and has stated on record that he would look at the FAANG stocks if they presented themselves with real value. Munger has agreed with Buffett re Google, though has stated disdain for Meta. They also won't invest in Microsoft due to relations with Gates. And they already own a ton of Apple, and a tiny bit of Amazon. + +So that leaves Alphabet and Netflix. Netflix is in a very competitive space and has shown having a little moat. Leaves us with Alphabet. + +Thoughts? + +Disclosure: Own some GOOG shares + +EDIT: + +Sources: Buffett talking about GOOG [https://www.youtube.com/watch?v=m7QdscwqNgQ](https://www.youtube.com/watch?v=m7QdscwqNgQ) + +Buffett and Munger talking about FAANG: [https://www.youtube.com/watch?v=S8bF49V-rt8](https://www.youtube.com/watch?v=S8bF49V-rt8) + +Buffett and Munger talking about Facebook: [https://www.youtube.com/watch?v=LVaygzxsuTI](https://www.youtube.com/watch?v=LVaygzxsuTI) +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +So its begun we are now lifting off from low interest rates and it's good to see they have 6 interest rate hikes planned. It seems like Jpow is going of the measured slow approach which imo is the best approach as there is so much uncertainty these days (Russia, COVID) + +Will be interesting to see what they do with the balance sheet roll off as that will be needed to be addressed soon as it's at 9 trillion + + +https://www.cnbc.com/2022/03/16/federal-reserve-meeting.html + + +Hey anon. Anon here. + +I’ve been investing in the BSC space for a while. I’m going all into PinkPanda, and I think you should too. (Not financial advice) + +It’s not every day that a brand-new memecoin on BSC drops a mobile app for both iOS and Android within a week of launch. It’s also not every day that a community-driven coin has big plans to develop a mobile-first, elegant exchange that supports 5x leverage. And it’s extremely rare that you see popular influencers, from Money Talk to Finance Bull, raving about a brand-new community coin within the first week. There’s even an upcoming live chat with Travladd, who has over 80K subs. + +Most importantly, you’d be hard-pressed to find a community as jaw-droppingly active and HUNGRY as all of the pandas in the community are. They are hungry for something new in BSC--a project that delivers on its promises (launching a mobile app within a week is just insane) and is truly community driven. They’re hungry for bamboo and have hands of such solid diamond that they have trouble eating it. + +So yeah, anon. Drop into our TG or Discord and join the community. I think you’ll like it. Ask for the writer of this post if you want to chat--I’m a member of the community just like anyone else, and would love to welcome a new panda. + +Due Diligence stuff: Contract renounced. Locked liquidity. Buy on Pancakeswap v2. Doxxed founder. + +Telegram: PinkPandaDefi +While I'm relatively young and far from retiring, my main driving motivations for wealth and financial independence stem from an ultimate goal to help those around me. This would of course include helping out family and friends if needed, though I'm currently focusing towards environmental sustainability and conservation. + +My question is: **How can someone make a real, large-scale positive impact to our climate with the most efficient use of above-average assets?** + +I'm aware that money buys you power, including the ability to sway political policies through donations and such, though I'm not a big fan of how that sounds at surface level. I'm also not an engineer, researcher, or entrepreneur, so I'm thinking more of an investor position. However, this wouldn't be for profit, so even just funding environment projects for no expected monetary return is enticing. + +What I've considered so far: +- purchasing a massive chunk of cheap, quality land in the middle of nowhere and funding the planting of trees all over it, or [naturally rewilding the property.](https://www.theguardian.com/environment/2020/mar/27/wildlife-charity-heal-rewilding-buy-uk-land-nature) +- purchasing land and turning it into a solar or wind farm, feeding electricity directly back into the grid or covering the power needs for a particular region, [in the style of President Carter.](https://cleantechnica.com/2020/02/26/a-georgia-town-gets-half-of-its-electricity-from-president-jimmy-carters-solar-farm/) +- assist with funding local conservation/sustainability projects such as community gardens or protected wildlife zones +- simply donating to charities that specialise in these kinds of things and letting them do the hard work + +What does the fatFIRE community think of these ideas, has anyone gone down these paths or something similar, or have you other ideas about efficient use of capital with the ultimate goal of environmental sustainability? +Non-British national so forgive me if I’m wrong but as far as I understand it’s a tip like in most European countries with the difference that it is sort of already included. At least that’s what I’ve been told when I asked in London. I’ve also been told it doesn’t go to staff like in the U.S. + +Do you usually pay or do you ask staff to remove it? In the interest of spending less I would always ask to remove it (unless the food/service was great), curious to hear what others do! +Not too long ago Google banned the advertisement of cryptocurrencies on it’s platform but soon reversed that decision. However it kept the ban on DeFi for a reason that many don’t really know. + +These same DeFi companies are developing and inspiring projects like Innoplexus that plan on forming platforms to render all data and information accessible to the public (whether free, for purchase or for lease) which is actually a revolutionary idea since this will help researchers and scientists find faster solutions to the countless problems we currently have. + +However this is very bad news for big tech companies like Google and Facebook who heavily rely on data as their main source of operation. You think all these very specific ads get on your screen by “coincidence” ? It’s all connected to the data being hoarded by these tech giants, and they do not plan on losing that data anytime soon +Hi! I'm new to this subreddit and like the title says I know nothing about finances, shares and all that stuff. I bought a share mostly because fuck hedge funds and I had some spare money. Do you have any recommendations such as YT channels, books, etc. for an utter beginner, please 👉👈? + +🦍Apes together strong. Is that what you say here? + +P.S: when will I become rich? I was promised a boat and a nice beach house in the Fiji Islands. + +Edit: fuck, I made a typo in the title. Sorry, English is not my first language. When I become rich I promise I'll improve my English skills. + +Edit2: Thanks for all the awards and the very kind words in the replies! +I believe the 60 day comment window ends this week. Up to 10 days to implement after that. So much has been written about this already that I don't want to reinvent the wheel posting it all here again, but the quick summary as I understand it is entities need to cough up capital daily to cover high risk positions after this goes into effect or they can get margin called quickly. Like same day quickly... Coincidentally, nearly everything is red today. Possible said entities are scrambling for Capital to avoid 801 margin calls over the next few weeks? If the situation was dire enough, I could even see them selling off long shares they held for hedging shorts just to stay in the game (thus putting them at infinite risk if the stock goes up.) + +Disclaimer: Not financial advice. I am just imagining possible scenarios that may fit current events. Under no circumstance should anyone listen to anything I say. Ever... My posts contain information that may cause cancer in the state of California. + + +***Update 5/4 2100EST(ish)*** + +Great news! First hurdle completed - No objections to 801! + +[https://www.sec.gov/rules/sro/nscc-an.htm#SR-NSCC-2021-801](https://www.sec.gov/rules/sro/nscc-an.htm#SR-NSCC-2021-801) + +Second hurdle, 002, is due this week. I found someone basically posting the same information as me, and I hate 100 posts all saying the same thing so I'm stopping updates and dropping a link to his posts: + +[https://www.reddit.com/r/Superstonk/comments/n51u5d/sec_has_no_objections_to_nscc801/?utm_medium=android_app&utm_source=share](https://www.reddit.com/r/Superstonk/comments/n51u5d/sec_has_no_objections_to_nscc801/?utm_medium=android_app&utm_source=share) + +***Update 5/19*** + +SR-NSCC-2021-002 comments due 6/2 + +Source: https://www.sec.gov/rules/sro/nscc.htm#SR-NSCC-2021-002 +I've read countless books on fundamental analysis, including the Intelligent Investor. Dozens of swing trading books, technical analysis books, and day trading strategies. I've taken online courses through my local University in finance (working on an MBA). I do hours upon hours of research before investing in anything, yet everything I touch just gets destroyed. I bought Novagold this year. Next day, short report. Stock plummets. Luckin Coffee? Scandal, fraud, delisted twice, worthless stock. I bought BEN thinking it was a wise long call for dividend growth. Just keeps plummeting. When I bought Tesla and Netflix, they both sank. I've bought endless stocks when they've hit below the lower bollinger bands, and everytime I do, they just go lower (with no news mind you). I bought AAPL yesterday, thinking $386 was a good discount value purchase. PLUMMETING AGAIN. I just don't get it. When a company comes out with a great earnings report and I buy, the stock tanks. When a company comes out with bad earnings, it goes straight up after I short it. I could literally pull letters out of a hat and have better success. + +Edit: I should point out that I do day trade, and I wasn't actually referring to day trading, which I feel like is just a different game than investing. Thanks to the PDT rule, I can only trade 3x per week, and every week all my profits are offset by my investments. + +FINAL EDIT: I'd just like to point out to save my sanity and refresh my outlook on life. When the pandemic was at the bottom and I was getting into investing hardcore, I changed my and my wife's retirement allocations into index fund investments, so there's that. Retirement funds are up 20% since April, which is crazy. Thank god I'm not allowed to invest in individual stocks with my 403b. + +Edit: Wow, this sub is great! I am already feeling a lot better. Never seen support in any other sub like this and was honestly just not checking my inbox because I assumed I was going to just get trolled all day. Thanks for the wise words and support friends! Time to move on to index funds for sure! (Maybe if I can get back into the green on BEN and AAPL ever). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +I used part of my rent money (have to pay late now) to go to the doctor, because I thought I really needed to and that getting out of pain would be worth the sacrifice. I have had 8-10 canker sores in my throat and all over my mouth nonstop for the past few months. I don't ever have normal, non-painful days anymore. + +Well, I finally gave in and went to the doctor. Even the low income clinic here is a $60 visit. She gave me no answers. She told me it's stress related. Well, yes, I'm poor and stressed and that isn't something I can control or fix right now. No solutions, but I still have to pay 60. + +This isn't the first time I felt like going to the doctor was fruitless. I'm to the point where I don't think I will ever go back to the doctor unless I am throwing up blood. It's all so useless. + +So, my fellow poor friends, what's your red line? When do you decide it's time to see a doctor? I'm feeling like a fool right now for going. +I see so many people talk trash about California and how there is this mass exodus happening but is it really? + +Are people really moving out of the state in droves or it’s most a few here and there. + +We live on the east coast and have family in Southern California and romanticize the idea of moving there all the time. + +Now with WFH flex we can’t decide if we should move to a HCOL city or stay out in our MCOl but boring town. + +Thoughts? +I've seen multiple posts ([Post 1](https://www.reddit.com/r/Superstonk/comments/o2dw45/thoughts_on_the_feds_balance_sheet_after_todays/)and [Post 2](https://www.reddit.com/r/Superstonk/comments/o42ftz/theres_been_a_lot_of_talk_about_inflation_what/)) rise to the top this weekend regarding true inflation estimated to 19-20% which I am here to explain why this is wildly incorrect. + +TADR: The math to arrive at the 19-20% true inflation is wrong. OP from Post 1 incorrectly used current velocity of M2 rather than the **growth** (rate of change) in the velocity of M2. + +OP from Post 2 straight up used the wrong equation. **The equation he used was for nominal GDP, and NOT inflation.** + +# Debunking Post 1: + +[https://www.reddit.com/r/Superstonk/comments/o2dw45/thoughts\_on\_the\_feds\_balance\_sheet\_after\_todays/](https://www.reddit.com/r/Superstonk/comments/o2dw45/thoughts_on_the_feds_balance_sheet_after_todays/) + +When [asked about the source of the equation](https://www.reddit.com/r/Superstonk/comments/o2dw45/thoughts_on_the_feds_balance_sheet_after_todays/h268kop?utm_source=share&utm_medium=web2x&context=3) for the first post, OP links us to here: + +[https://saylordotorg.github.io/text\_macroeconomics-theory-through-applications/s15-01-the-quantity-theory-of-money.html](https://saylordotorg.github.io/text_macroeconomics-theory-through-applications/s15-01-the-quantity-theory-of-money.html) + +>**Long-Run Inflation** +> +>We now use the quantity equation to provide us with a theory of long-run inflation. To do so, we use the rules of growth rates. One of these rules is as follows: if you have two variables, *x* and *y*, then the growth rate of the product (*x* × *y*) is the sum of the growth rate of *x* and the growth rate of *y*. We can apply this to the quantity equation: +> +>money supply × velocity of money = price level × real GDP. +> +>The left side of this equation is the product of two variables, the money supply and the velocity of money. The right side is likewise the product of two variables. So we obtain +> +>**growth rate of the money supply + growth rate of the velocity of money = inflation rate + growth rate of output.** +> +>We have used the fact that the growth rate of the price level is, by definition, the inflation rate. + +The equation is *growth rate of the money supply + growth rate of the velocity of money = inflation rate + growth rate of output.* + +Let growth rate of the money supply be M, growth rate of the velocity of money be P, inflation rate be I, and growth rate of output (growth in GDP) be Q. + +Rearranging for I, we get: + +I = M + P - Q + +From OP's [news article source on projected M2 growth](https://www.stockinvestor.com/50573/did-the-fed-stop-reporting-the-money-supply-m2-why-inflation-is-coming-back/), M = 25%, however OP mistakenly used the static [Q1 2021 velocity of money](https://fred.stlouisfed.org/series/M2V) instead of the **growth rate** of the velocity of money. Unless someone can find a reliable article on velocity of M2 forecast, I will use the growth from the past year which would be the % change from [Q1 2020 to Q1 2021](https://fred.stlouisfed.org/series/M2V) which is -18.6%, **NOT 1.122%**. + +[From OP's news article source on projected GDP growth](https://www.usnews.com/news/economy/articles/2021-03-17/fed-ups-2021-economic-forecast-significantly-leaves-interest-rates-unchanged), Q = 6.5% + +Now plugging everything back into the equation: + +I = 25% + (-18.6%) - 6.5% + += -0.1% + +I know this result is kind of odd as surely inflation should not be this low, but just by using the sources for the equations provided by OP, this is the correct conclusion. + +&#x200B; + +# Debunking Post 2: + +[https://www.reddit.com/r/Superstonk/comments/o42ftz/theres\_been\_a\_lot\_of\_talk\_about\_inflation\_what/](https://www.reddit.com/r/Superstonk/comments/o42ftz/theres_been_a_lot_of_talk_about_inflation_what/) + +I'm fairly certain OP wrote this DD based on the DD from post 1 but when asked about the source of their equation, OP provides us with a new link (it's in edit 2 of OP's post): + +[https://thismatter.com/money/banking/money-growth-money-velocity-inflation.htm](https://thismatter.com/money/banking/money-growth-money-velocity-inflation.htm) + +&#x200B; + +>**Nominal GDP = Quantity of Money × Velocity of Money** + +But yet, the equation OP used in their DD is: + +>What follows is a sort of explainer into the basics of inflation. Are you ready? Here we go: **Inflation** = (money supply) \* (money velocity). + +...which as you can see is completely different from the equation of his source. + +**Nominal GDP** = Quantity of Money (aka money supply) \* Velocity of Money (aka money velocity) + +**NOMINAL GDP DOES NOT EQUAL INFLATION** + +If we look deeper in OP's source, it actually shows the correct equation to find inflation: + +>If money velocity is constant, then: +> +>**Money Growth = Real GDP Growth + Inflation** +> +>or, rearranged: +> +>**Inflation = Money Growth – Real GDP Growth** +> +>or +> +>**Inflation = ΔP = ΔM – ΔY** + +The key phrase here is *if money velocity is constant* [which we know is not](https://fred.stlouisfed.org/series/M2V). + +Now if we include the growth of money velocity, we end up with the equation from the [source of post 1's OP](https://saylordotorg.github.io/text_macroeconomics-theory-through-applications/s15-01-the-quantity-theory-of-money.html). + +>**growth rate of the money supply + growth rate of the velocity of money = inflation rate + growth rate of output.** + +Again, rearranged for inflation rate: + +Inflation rate = Money Growth + **Money Velocity Growth** – Real GDP Growth + +which is the same equation as above (I = M + P - Q) + +&#x200B; + +# Conclusion + +I understand we wants our tits jacked but it's important to fact check DDs, especially if they contain hugely absurd claims. I know many apes might upvote posts without checking the math for themselves especially if OP makes these huge claims sound convincing. I find it ironic how [OP from Post 2](https://www.reddit.com/r/Superstonk/comments/o42ftz/theres_been_a_lot_of_talk_about_inflation_what/) titles his DD. + +>Theres been a lot of talk about inflation. What you don't realise is that you can calculate it and view it on Trading View. Do it for yourself and see. **The Math Doesn't Lie**. 20% + inflation this year. + +but is incapable of explaining his numbers when challenged in the comments (turns out the math DOES lie when done incorrectly). + +I do believe both OP's wrote their DDs in good faith but again, it is crucial that DDs (especially ones that reach the top) have been reviewed and fact checked to avoid spreading misinformation whether or not they please [Jacques Tits](https://en.wikipedia.org/wiki/Jacques_Tits), especially if OPs are non-receptive when clearly debunked or given valid criticism. + +Also, I think we really need a **DEBUNKED** (or Counter-DD) flair which will encourage wrinkled apes to debunk or atleast challenge top DDs ultimately increasing their reliability and quality. + +🚀🚀🚀 + +Edit: For those asking if the -0.1% inflation is accurate based on this equation, I would be very skeptical. + +Personally, I don't think this equation is an accurate way to find inflation because although Q2 2021 M2V data has yet to be released, if we were to use the growth of M2V from Q2 2020 to Q2 2021 (variable P) I am quite confident P would be much closer to 0% because there was a very steep drop in M2V from Q1 and Q2 of 2020. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: + +*** + +- Follow the Golden Rule. All other rules apply as well. Follow [this link](https://www.reddit.com/r/ethtrader/about/rules) to view the rest of them. The rules page is also linked in the announcement bar above. +- General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or minor questions. +- Breaking news or other important content should be submitted as a separate post. +- In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoCurrency/search?q=%5BMonthly+General+Discussion%5D&restrict_sr=on&sort=new&t=all) and choose the latest entry on the search page. +- Pumping, venting, trolling, or any other similar behavior should be redirected to the /r/CryptoMarkets trollbox thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoMarkets/search?q=Trollbox+Thread&sort=new&restrict_sr=on&t=all) and choose the latest entry on the search page. + +*** + +Thank you in advance for your participation. Enjoy! + +What did Adam Smith mean when he said: "As soon as the land of any country has all become private property, the landlords, like all other men, love to reap where they never sowed, and demand a rent even for its natural produce" (Chapter VI, p. 60)? + +I am very new to economics and have seen this quote brought up frequently on the internet and it results in confusion for me. Was Smith opposed to landlords? +I will be starting my masters degree in economics and am looking to further my knowledge of economics as well as delve into how papers are written and research is done. Since I will be writing essays, papers and such I'd like to learn from these. + +So, what would you recommend as must-read papers? +A little background: I'm a ML intern at a non tech/finance startup and recently my boss wants to start an algo hedge fund. The previous intern managed to produce supernormal returns, so much so that my boss compares it to RenTec. Clearly its over fitted and flawed and my boss knows but he is convinced that it's true as 'the backtest has shown'. + +Now I'm tasked to build a fund that fixes the flaw and I'm the only one working on it. I've fair knowledge in finance and some knowledge in ML. So far I've been able to produce solely technical analysis-based models. I find myself going in circles as I've huge knowledge gap to build real quantitative models. I'm exasperated and am looking for advice on moving forward. +My salary doesn’t cope with inflation anymore. During the last three years I only got one salary increase, at that time it was substantial but it doesn’t cope with inflation anymore. Anyone in the same situation? +Edit: I am incredibly touched by everyone's generation to share their own experience and knowledge on this situation. Thank you to everyone, you've all made it so easy for me to go through this. Thank you +I've sent an email to my partner's HR with the template written below. Hoping to update you all later on with a positive outcome. Otherwise, I'll share in great detail for those unfortunate to be in my position. But to those who are and are waiting, a couple people have advised on looking into [https://www.gov.uk/bereavement-support-payment](https://www.gov.uk/bereavement-support-payment) for any financial help. Applying is very quick. I was denied initially (as we only lived together but there no legal binding between us) but was able to continue applying with the form that will be reviewed. I'll update on this too + + +Hi all + +Sad to say, my partner has recently passed away. we lived to the fullest the past year to which I disregarded our finances as I figured "I'll have time to catch up later on". Now that its later on, Im gathering out the paperwork. It's been about 2 months since he's passed and I've only just managed to get some energy to look into the aftermath. + +I'm aware he had death in service from his employer to which I'm the sole benificiary. They havent contacted me and as such I'll have to raise the query to them.He was on sick leave for most of the year and just before he passed, they put him on "leave of absense" - to avoid any follow ups on us for sick notes as he wasnt get paid or statutory pay anyway.With this leave of absense, does it take him of payroll and as such, negates the death in service benefit? + +In any case, can anyone advice me a message to write to th employer without seeming like im looking for the payout. As the last thing I fear is judgment (eventhough it shouldnt matter I know) + +TIA +I know a favorite line of newbies to come in here is to say that they plan to quit their job to Trade Theta, and think they'll be able to do it inside of a year. + +What I want to know from the more experienced folk - What's the number in your head to tell your boss "Fuck you" and actually quit to day trade options? +As we head into winter, pretty much everyone in the UK is dealing with higher than ever energy bills, so I thought It might be helpful to throw this guide together on things you can do to cut the costs of your energy bills this winter. Here it is: + +&#x200B; + +**INTRO:** + +Unfortunately, energy bills are only going to rise in the coming months, and while the government's £400 energy grant does put a bit of a dent in it, there will still be a concerning amount left to pay for many people in the UK every month. + +One of the biggest ways in which people are overpaying for their energy bills is the unintentional, overuse of power. This is due to the fact that a surprisingly high amount of people don't know the 'kWh' of many household appliances, or how this number is calculated in the first place. So, let's start there: + +A Watt (W) is the unit of power by which electricity is measured. A Kilowatt (kW) is 1000 watts. So, one kilowatt hour (kWh) is the amount of energy you’d use if you kept a 1,000 watt (1kW) appliance running for an hour.  + +This is the standard billing unit for energy providers, so a key part of reducing your household energy bills is to start putting a real money value on the kWh of your most used household appliances. So, with respect to this advice, here are a few ways to seriously save on your energy costs every month: + +&#x200B; + +**HEATING THE HOME:** + +**PART ONE: THROW OUT THE FAN HEATER** + +Most of us are now paying around 34p per kWh, which means if an appliance has a rating of 1 kW, it costs 34p to keep it running for 1 hour. + +Put simply, humans need to stay warm when the weather is cold, this is probably the most obvious statement you'll read online today. However, what is less obvious to people is that the ways in which we choose to stay warm at home can mean the difference between paying £100-£200 more for your energy bills per month. + +I think for most people, it's obvious that some appliances cost more to run than others. However, I think the two main issues are that people don't think about the ways in which using more expensive appliances adds up over the course of 30 days, and also, common misconceptions about using certain electrical appliances to heat your home being cheaper than using the central heating. + +So, going back to the title: A regular fan heater that you buy in Argos will use 1 kW, or 2kW if you have it on the second heat setting. This means that if your energy rate is 34p /kWh, you will pay 34p to keep this running for an hour at 1kW, or 68p to keep it running for an hour at 2kW (the second heat setting on most fan heaters). + +An alarmingly high amount of people think that using a fan heater is cheaper than using the central heating, when in fact it can be up to 3 times more expensive than it would cost to power a radiator for an hour (Gas tariffs being around 10p/ kWh and assuming that a single radiator requires around 1.5kW to operate). + +&#x200B; + +**Looking at how this adds up over the course of a month:** + +Use of fan heater for 3 hours per day at 2kW = £2.04 + +For one week: £2.04 x 7 = £14.28 + +For 30 days: £2.04 x 30 = **£61.20** + +&#x200B; + +This is a ridiculously high cost for a single appliance, especially considering that many people choose to have both the central heating on and use fan heaters to heat individual rooms at the same time. + +This is where the alternatives come in, because as I said before, humans simply need to be warm when the weather is cold, **so** **it doesn't really matter how we achieve this, as long as we get it done.** With that being said, Here are some *much* cheaper ways to stay warm this winter: + +&#x200B; + +|**Method**|**Cost To Buy**|**Cost Per Hour (£/kWh)**| +|:-|:-|:-| +|Electric Blanket|£15-£45|3p| +|Hot Water Bottle|\~£5|6p| +|Heated Gilet|£13-£40|1p| +|Heated Gloves|£5-£10|1p| +|Footwarmer|£20-£40|3p| + +&#x200B; + +**ALSO:** + +**(1) Layer up.** Wear long sleeve thermals as your base layer, it goes a long way in conserving heat. They only cost around £6-8 and make such a difference. + +**(2) Use Extra Blankets:** If you find yourself at home during the day and feeling chilly, covering yourself in a blanket will often eliminate feeling the need to put the heating on. + +**(3) Go out for a walk:** Exercise helps warm us up. Bonus points if you go for a walk in the evenings when it's cooler, as you will appreciate the warmth inside your house more when you return. + +&#x200B; + +&#x200B; + +**PART 2: GETTING THE MOST OUT OF YOUR CENTRAL HEATING:** + +So, when it comes to having the heating on in winter, the word 'inevitable' comes to mind. For this reason, It's crucial that you're getting the most out of your heating system. I think that 2 things, in particular, are essential in achieving this: + +**(1)** **EFFICIENCY** + +As mentioned above, it's really important that people understand how the standard units of energy are measured, and how their bills are calculated, in order to think of the way we use our heating in terms of real money. + +Going back to Watts, the standard unit of measurement for energy used by electrical appliances, it's important to note that 1 Watt = 1 Joule per second. So, 1kW = 1000 Joules per second. + +Heat energy is also measured in Joules, so from here we can see why our gas tariffs are given in kWh, since the amount of heat energy we use in Joules can easily be converted to kW. + +I know, this is starting to get a bit thermal physicsy, but bear with me... + +Once we realise that it requires more kW of energy to heat the water in our boilers to a higher temperature, it becomes apparent that if we were to lower the 'flow temperature' of our boilers (This is the temperature that the water is heated to in our boilers before it is sent off to the radiators in our homes) then this will require less energy, and ostensibly allow our boilers to operate more efficiently, and at a lower cost. Here's how: + +The most common type of boiler in the UK is known as a condensing boiler, since 2005, all boilers installed in the UK must be this type of boiler by law. + +Condensing boilers are very clever, in that they recycle the latent heat energy from water vapors that would have been lost through the flue (a pipe that carries exhaust gases produced by a boiler outside the home and releases it into the atmosphere) in older boilers. + +In order for these boilers to work closer to maximum efficiency, most energy companies recommend setting your flow temperature to around 60 degrees, with some even recommending this setting be as low as 50 degrees, if you have a newer home. + +The thing is, **many people in the UK have this setting very high**, often around 80 degrees or so, and not only can it end up costing you more money to operate your boiler at this high setting, it also compromises the efficiency of the boiler. + +The reason for this is that condensing boilers need to be able to, well, condense. The 'return temperature' (the temperature of the water when it returns to the boiler) plays a big role in this, because only at lower temperatures can condensation occur. Condensation needs to occur because when water vapor changes phase from vapor to liquid, the latent heat ( the heat energy required for the phase change to occur in the first place) is returned to the system. This heat energy being recycled means that less 'new energy' is needed to heat up the water in the system (See? Very clever). + +The maximum temperature before condensing will no longer occur is known as the dew point, and is usually around 55 degrees. If your flow temperature is around 60 degrees, then your return temperature should be around 40 degrees, which will allow the process of condensation to occur and increase the efficiency of the system. + +**In Summary:** A lower flow temperature can increase the efficiency of your heating system and help save you money. + +**NOTE:** Although condensing boilers are the most common type in the UK, there are many different boiler manufacturers. Before you decide to adjust your flow temperature, consult the manual of the make and model of your boiler to be sure you are adjusting the correct setting. There should be two temperature settings on your condensing combi boiler, one is for adjusting the flow temperature and the other is for adjusting the hot water temperature (the temperature of the water that comes out of your taps). It's also a good idea to research this topic yourself, as your home/heating system may benefit from different settings than others. + +**NOTE 2:** If you have a boiler and a hot water cylinder, then you should **not** reduce the flow temperature, because unlike combi boilers, these boilers only have one temperature setting for both hot water and heating. This is important because the water in the hot water tank needs to be kept at at least 60 degrees in order to prevent the danger of legionella bacteria. + +&#x200B; + +**(2) HEAT CONSERVATION:** + +As important as having your heating system running efficiently, is conserving as much of the produced heat as possible. There is a number of things you can do to achieve this, Here's how: + +&#x200B; + +**(1) Stop covering your radiators.** It may sound obvious, but so many of us do it. The worst offender is probably having closed curtains covering the top of your radiator, essentially ensuring that the hot air rises up and goes straight to the cold windows. Not good. + +You also don't want furniture blocking the radiators, even though a lot of heat is given out the top, you still want the heat from the front of the radiator to be able to go out into the room. + +Drying clothes/towels on the rad? Forget about it. You're literally blocking the heat from leaving the top of the rad, it's such a waste of energy. + +**(2) Draught Proof your windows:** This one sounds like a big job but it's actually very easy to do and can make such a difference. All you need to do is apply self-adhesive foam tape to a window frame. Draughts also occur in cracks between the window frames and the surrounding walls – it’s worth considering using sealant or putty in these. + +**(3) Use Draught Excluders:** Having a draught excluder for your front/back door will not only make your home feel warmer as less heat escapes and less cold air is let in, but can also help reduce heating costs. + +**(4) Keep doors closed:** Leaving doors open is the fastest way to allow heat to escape from a room. Be sure to keep doors shut in order to keep the rooms you are spending your time in warmer and cosier for longer. + +**(5) Thermal-lined curtains:** These are heavier curtains that help keep the heat in your rooms for longer and can certainly be a worthwhile investment for your sitting room or bedroom. + +**(6) Fill in the gaps in wood flooring/ Use large rugs:** You may notice that cold air comes up through the gaps in your wood flooring, so a worthwhile way to prevent this from happening is to fill in these gaps using some. floorboard gap filler. However, if you don't want to go to the trouble of doing that, using large rugs to cover your wooden floors can also be very effective. + +&#x200B; + +&#x200B; + +**OTHER ENERGY COSTS:** + +&#x200B; + +**(1) SHOWERS:** + +The average electric shower in the UK operates at about 10kW. This means that a 6-minute shower uses about 34p of energy. Most people shower once per day, and in houses with 3 or 4 people, this cost can really start to add up. + +In the winter, people will often spend longer in the shower because it's a nice way to warm up. However, this can also lead to people taking 10 or 15-minute showers, which can double or even triple the amount you're spending to operate this appliance every month. + +Shortening your shower times can save you £100s over the course of a year, but on a monthly basis here are some comparisons for thought: + +Single person who takes a 6-minute shower (34p approx) every day of the month: 34p x 30 = **£10.20** + +Single person who takes a 15-minute shower (85p approx) every day of the month: 85p x 30 = **£25.50** + +Household of 4 people who each take a 6-minute shower daily: 34p x 4 x 30 = **£40.80** + +Household of 4 people who each take a 15-minute shower daily: 85p x 4 x 30 = **£102** + +As you can see, the extra time you spend in the shower can lead to a sizeable difference in your energy bills at the end of the month. I know, the thought of cutting down shower times is a bit grim, but it's still good to know that it's a potential way to reduce your energy bills this winter if you wish to do it. + +&#x200B; + +**(2) WASHING AND DRYING:** + +Washing Machines can be anywhere between 0.7-3 kW. Meaning the amount it costs to operate one per hour can vary depending quite a bit depending on the efficiency of the machine. + +A 0.7 kW machine should cost about **24p** to operate for an hour. Whereas a 3 kW machine will cost around **£1.02** to operate for the same amount of time. + +You can easily check the kWh of your machine so that you have a better idea of how much energy it's using, but no matter what the hourly cost is, here are a couple of things you can do to reduce the amount you're spending on washing every month: + +**(1) Use the Quick Wash Setting:** This is my go-to cycle on the washing machine ever since energy bill armageddon. On most washing machines, it's a 20-minute cycle, and honestly, if it's just clothing that you've worn once and then thrown in the wash basket, you really don't need more than 20 minutes for a wash cycle. Of course, for stained or more odorous laundry, you can use a longer wash time, but for most washes that you put on, the 20-minute cycle more than does the job. Doing this can reduce your washing costs quite a bit, so it's absolutely worth changing to. + +**NOTE:** Some people are saying that washing your clothes on eco mode will use less energy even though the cycle lasts longer. This should be the case when compared with a regular cycle, but compared to the quick wash setting, at least on my machine, it does not. Only way to be sure is to check the manual of the washing machine you own and see how many kW each cycle uses. + +**(2) Reduce the temperature you wash your clothes at:** Washing clothes at 30 degrees instead of 40 degrees reduces the energy used per wash. This can help reduce the cost of your energy bills monthly and annually and it's a really simple adjustment to make. + +**(3) Fill your Machine:** It's a simple one, but ensuring that your washing machine is full means you'll put on fewer washes which in turn reduces the amount your machine is costing you every month. + +&#x200B; + +**DRYING:** + +Most tumble dryers operate at around 3kW, but some use even more energy than that. This means that they cost around £1-£1.50 per hour to operate. My solution to reducing the cost of these machines....is simply not to use them. Invest in a couple of clothes horses and dry your clothes near a window. It's free and can save you up to £30 per month. + +&#x200B; + +**(3) COOKING:** + +Most household ovens operate at around 2kW, which means they would cost around **68p** per hour to run (though in reality, they should actually cost a bit less than this, as they don't need to be heated up for the full hour that they're in use). Comparatively, A microwave usually operates at around 1kW, and an air fryer also operates at around 1kW or even a bit less than that, which means they cost around **34p** per hour to run. + +For quick meals, there's an obvious advantage to using a microwave over the oven when possible, but when it comes to cooking things like, chips, meat, vegetables etc, using an air fryer can be a very advantageous alternative. Not only is the kWh half of that of an oven, which means half the energy cost, It also cooks food much faster than an oven, so it is more energy efficient on two fronts. + +You could save £20-£30 per month by investing in an air fryer, which really adds up in the long run. + +**Also:** If you are cooking frozen food like pizza, chips etc. in the oven, there really is no need to preheat the oven for 5-10 minutes before throwing them in, It's a waste of energy. Just turn on the oven and put them in straight away, it will save both your energy and your time. + +&#x200B; + +**(4) BYE BYE TO STANDYBY** + +Another UKPF user made a [post](https://www.reddit.com/r/UKPersonalFinance/comments/wkxng0/energy_cost_of_devices_on_standby_in_my_home/) about how much electricity devices in his home were using while on standby. It's pretty eye-opening stuff and definitely worth a look. + +My advice in relation to this is to simply try to get into the habit of completely switching off devices in the home when you're not using them. It's quick to do and easily done and could end up saving you quite a bit in the long run. + +&#x200B; + +&#x200B; + +&#x200B; + +And that's all that I can think of for now, if you have any other suggestions about how to save on energy in the home, please comment and I'll add it into this post. + +Cheers + +&#x200B; + +**EDIT:** Thanks for the suggestions and comments. I have updated the post to include some of these and will add more in tomorrow. + +Also, for anyone interested in more information about any of the topics in this post, like ways to save energy and how the efficiency of heating systems can be improved, I kept a list of links to articles and videos that I came across while I was writing this post. You can find the list on my profile under the title 'More information on saving energy and heating'. + +&#x200B; +$13 million of stolen ETH being sold live right now and you can watch the hackers getting rich on the blockchain: [https://etherscan.io/address/0x4bb7d80282f5e0616705d7f832acfc59f89f7091](https://etherscan.io/address/0x4bb7d80282f5e0616705d7f832acfc59f89f7091) + +As confirmed elsewhere tonight (eg [https://np.reddit.com/r/CryptoCurrency/comments/r92ztx/it\_appears\_bitmart\_has\_been\_hacked\_and\_several/](https://www.reddit.com/r/CryptoCurrency/comments/r92ztx/it_appears_bitmart_has_been_hacked_and_several/)), BitMart was hacked and a huge number of tokens and coins were stolen. + +The official list is available here: [https://twitter.com/peckshield/status/1467302620000043013](https://twitter.com/peckshield/status/1467302620000043013) + +As well as a range of shitcoins, CRO, FTM, GALA, SAND, MATIC and MANA were also looted. + +But there is one upside: the ETH gas fees : ) + +So far the hackers have sold off more than $130 million of stolen coins .... and they're still selling as I type this. +Hi everyone, + +My apologies for not being more active the last two weeks or so - life has a tendency to get in the way. But part of that involves something that I'm very excited to announce on here, hopefully in another week or two. + +Today I want to call your attention to FINRA's most [regulatory notice - 21-19](https://www.finra.org/rules-guidance/notices/21-19). + +This is clearly in response to the volatility involving GME and AMC, amongst others. FINRA is proposing some very significant changes to short-sale related disclosures. This is a big set of changes, and it looks very encouraging to me. The headlines are: + +* Consolidation of short interest data publication, centralized on the FINRA website +* Changes to the content of short interest data + * Require firms to segregate short interest held in proprietary accounts vs that held in customer accounts. + * Report to FINRA account-level short interest (not for publication). + * Report synthetic short positions. Interestingly they only note options contracts, and do not include security-based swaps. They are asking for comments on this. + * Loan obligations from arranged financing to better reflect actual short sentiment. + * Total shares outstanding and the public float. +* FINRA is considering reducing reporting timeframe to daily or weekly, and is asking for comments on this. +* Information on allocations of FTD positions - a daily report of FTD allocations at the security level, with applicable closeout obligation. This would not be for publication, but to allow FINRA to conduct more effective investigations. +* They're asking for comments on whether to create a reporting framework around stock lending activity. + +If you visit the page I linked above, you can see the full details of the regulatory notice, and also all of FINRA's questions for public comment. + +Submitting a comment letter can be a very effective way of advocating for change and showing FINRA that there is demand for a far more rigorous disclosure regime. The best comment letters are concise, well cited with evidence to back up claims, and unemotional. I know this is a hot button topic, but my feeling is that FINRA is trying to figure out what to do here, and I would urge you to engage them in good faith. + +Please let me know if you have any questions, I'll do my best to respond to as many as I can. +I wanted to share with you [my favorite Youtube channels about Value Investing](https://beanvest.com/blog/youtube-value-investing) so here's my top 7 : + +1. [Learn to Invest](https://www.youtube.com/channel/UCSglJMvX-zSgv3PEJIE_inw) +2. [Cameron Stewart](https://www.youtube.com/c/CameronStewartCFA) +3. [The Popular Investor](https://www.youtube.com/channel/UC-CfltxhlMMCT5pJNIfQhlQ) +4. [Value Investing with Sven Carlin](https://www.youtube.com/c/InvestwithSvenCarlinPhD) +5. [The Plain Bagel](https://www.youtube.com/c/ThePlainBagel) +6. [Ishfaaq Peerally - Value Investing](https://www.youtube.com/c/IshfaaqPeerally) +7. [Investing with Tom](https://www.youtube.com/c/InvestingwithTom) + +There are also some other channels I enjoy following: + +* [Everything Money](https://www.youtube.com/c/EverythingMoney) +* [Ben Felix](https://www.youtube.com/c/BenFelixCSI) +* [Adam Khoo](https://www.youtube.com/channel/UCK-aOjEvZNJl3HINja0gAiQ) +* [Frank Taber](https://www.youtube.com/channel/UC7DSlY4iWJrLb2ShSOpBHbw) +* [Hamish Hodder](https://www.youtube.com/channel/UCODr9HUJ90xtWD-0Xoz4vPw) +* [Learning Finance](https://www.youtube.com/channel/UCvqD50ymKNQvFzsgH9V7Ipw) +* [The Investor Channel](https://www.youtube.com/c/TheInvestorChannel) +* [Tre McKee & the Benevolent Investors](https://www.youtube.com/c/TreMcKeeJapanTrePreneur) + +What's your favorite youtube channel about value investing? +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +I am technically homeless right now, but I just yesterday acquired $6k which is now sitting in my bank account. + +WHAT DO I DO?! Ive never had so much money at once, and I want to make sure I take advantage of this instead of wasting the money or spending it in the wrong order or too much on one thing etc. + +I definitely need a place to live, that's first priority, but past that, how should I best leverage this money?? +To be absolutely clear, I'm not talking about the recent, day to day drama, or even the year to year drama of debt ceilings, and shutdowns. I'm not even talking about black swan events like covid or 9/11. I'm not even talking about massive events like the 2008 crash. What I'm asking is: is there a chance we are right now at or around the peak of growth? Is climate change a genuine threat to the whole system? Is actual collapse feasible? And can the market respond to these threats and continue to grow despite them? +Mid 2017: RBI forced Yes Bank to disclose that nonperforming loans were $630 million more than the $113 million reported in the company’s audited accounts for the year ended in March 2016. The divergence widened to almost $1 billion a year later. + +June 12, 2018 : Yes Bank's shareholders approve Rana Kapoor's re-appointment as managing director (MD) and CEO for three years from September 1. (till August 2021) + +Aug 20, 2018: Stock price closes at the lifetime high of **393.85**. Intraday price reached 404. + +Sep 19, 2018: The RBI cuts short Kapoor's term till January 31, 2019. + +Sep 21, 2018: On the first day of trade after the RBI's announcement, YES Bank shares tank over 30 per cent, and the lender loses as much as $3.1 billion in market value. Stock closes at **227.05**. + +Sep 25, 2018: The bank’s board decides to seek the RBI’s nod to extend Kapoor's term until at least April 30, 2019. + +Oct 11, 2018: Search for new CEO begins. + +Oct 17, 2018: The RBI refuses to give Rana Kapoor more time at the bank and asks the lender to find a new CEO by February 1, 2019. + +Oct 25, 2018: YES Bank's second-quarter profit misses estimates by a wide berth as provisions for bad loans and mark-to-market losses more than double, and asset quality deteriorates. They also declared that the bank has an exposure to debt-laden IL&FS. Stock falls by 9% in the next session and closes at **180.55.** + +Nov 14, 2018: Non-executive chairman Ashok Chawla resigns from YES Bank's board on corruption charges. Vasant Gujarathi also steps down as independent director. + +Nov 15, 2018: OP Bhatt resigns as an external expert of the search and selection committee, due to “potential conflict of interest”. + +Nov 19, 2018: Independent director Rentala Chandrashekhar resigns + +Nov 20, 2018: Yes Bank says that selection process for the MD and CEO is on track, recent resignations of board members bear no impact. Efforts are underway for mutual resolution between Rana Kapoor and Madhu Kapur and her family, the co-promoter. The board now consists of seven members, after addition of Uttam Prakash Agarwal. + +7 Dec, 2018: Stock closes at **166.10.** Down by 58% in 4 months. + +Jan 24, 2019: Yes Bank declares Deutsche Bank’s Ravneet Singh Gill as its MD and CEO. Stock jumps 14%. Closes at **213.85.** + +Jan 31, 2019: Pralay Mondal has tendered his resignation as Senior Group President and Head - Retail & Business Banking of the bank. Stock falls by 4% in the next session and closes at **185.65.** + +Feb 14, 2019: Yes Bank received "no observation on divergence" in the bank’s asset classification and provisioning in the RBI’s Risk Assessment Report for FY2018. Stock jumps 29%. Stock closes at **221.00** + +1 Mar, 2019: Ravneet Gill takes charge as Yes Bank MD, CEO + +2 April, 2019: Stock closes at 280.4. Rallied 66% in 1.5 months starting in mid-feb 2019. + +26 April, 2019: YES Bank reports surprise Q4 loss of Rs 1,507 crore as provisions jump 9 times YoY. FY18-19 net loss reported as 1931 crores as compared to FY17-18’s net profit of 1203 crores. Stock falls 29%. Closes at **168.00.** + +15 May, 2019: RBI appoints former deputy governor Rama Subramaniam Gandhi as an additional director on the board of Yes Bank for two years. Stock falls 4%. Closes at **143.65.** + +13 Jun, 2019: Multiple brokerages cut Yes Bank stock ratings and downgrades it to sell. Stock falls by 13% and closes at **117.2.** + +17 Jun, 2019: Yes Bank plans to raise $1.2 billion to boost capital, CEO says + +18 Jun, 2019: Stock falls by 13% and closes at **98.45.** + +30 Jul, 2019: Stock falls by 9% and closes at **86.10.** + +9 Aug, 2019: Bank announces opening of QIP to raise Rs 2000 crores. Stock falls by 8% and closes at **82.10.** + +10 Aug, 2019: Anurag Adlakha appointed as CFO; Raj Ahuja to take charge as CSO + +13 Aug, 2019: Stock falls by 10% and closes at **73.6.** + +20-21 Aug, 2019: Concerns over bank’s exposure to CG Power and Industrial Solutions which has been hit by alleged financial irregularities and unauthorised transactions. Yes Bank owns 13 per cent stake in that company. Stock fell by 21% in these three sessions and on 22nd Aug closed at **56.30.** + +19 Sep, 2019: Promoter firm Morgan Credits Pvt. Ltd (MCPL), owned by Rana Kapoor’s family, sold 2.3% stake in the bank on 19 September to an unknown buyer. The stake sale reduced Rana Kapoor’s shareholding in Yes Bank to 7.4%. Earlier, Kapoor and his two family-owned companies, MCPL and Yes Capital, held 9.65% stake in the lender, with MCPL alone holding 2.76%. Stock fell by 15% and closed at **54.15.** + +26 Sep, 2019: Rana Kapoor looking to sell his entire Yes Bank stake to Brookfield Asset Management (as per reports). Stock fell by 5% and closed at **53.70.** (Later it was reported that this week the stake sale of 1.8% was already done.) + +30 Sep, 2019: Bank receives RBI’s approval to raise capital. Reports of “more bad loans, higher haircuts because of slower resolutions and uncertainty around equity raising”. Investors continue the sell-off over concerns about the bank's exposure to HDIL, DHFL. Stock fell by 15% and closed at **41.45.** + +1 Oct, 2019: The promoters, YES Capital (India), Morgan Credits Private and Rana Kapoor together sold a combined stake of 2.75% of the Yes Bank through the open market, taking their combined stake to 4.72%. Stock fell by 22% and closed at its decade lowest at **32.20.** + +**From its lifetime high of 393.85 in Aug 2018 it has fallen by 92% to 32.2.** + +A part of this timeline is reconstructed with the help of [this article.](https://www.thehindubusinessline.com/money-and-banking/a-timeline-of-yes-banks-tussle-with-rbi/article25554844.ece) The events post the article date and the respective stock prices are added by me. + +*** +[Yes Bank’s exposure majority seems unrecoverable.](https://twitter.com/rajivmehta19/status/1178336179449581573) + +[Another way to look at the above sheet](https://twitter.com/AdityaD_Shah/status/1177828001154625539) - stressed exposure across banks - Yes Bank’s is the highest. + +A two months old thread from this sub - [Will Yes Bank go bankrupt?](https://www.reddit.com/r/IndiaInvestments/comments/cfw0zx/will_yes_bank_go_bankrupt/) + +What next for Yes Bank? Where’s it heading? Bankruptcy? Something else? +So, I was unpacking from a recent grocery trip and I admired the $200 bottle of Garrison Brothers Bourbon and I mentioned it to one of my not fatFIRE friends and his comment surprised me... he said "I guess the midlife crisis it getting to you". Now if a midlife crisis for me is a $200 bottle of bourbon, I am getting off cheap. + +But it did get me to wonder, did I go through the midlife crisis and not know it yet? + +So what is your midlife crisis expense... how did it turn out? + +HERE IS MINE: + +After about 5 seconds of thinking it was a resounding YES as I realized that I have a freaking 50FT yacht that my wife and I bought on a whim... Ok, lemme paint you a picture. + +My wife and I always loved boating. We had a 20ft open bow trailered boat that we took everywhere for a decade. Fishing? YUP! Crabbing? UH HUH. Clam Diggin? Most Definitely. Camping? JUST SAY WHEN!!! + +So one year during our annual camping trip with the boat where we packed the sucker to the brim and went island hopping, we had one of the worst camping experiences in our lives (Nope, upon further review IT WAS THE WORST), because of the God forsaken insects that started the terrors of the Jurassic Park... a freaking mosquito. During the day life was grand, during the night... if you stayed out there you'd be like that rattling balloon with a bit of rice inside that you used to play with as a kid... swollen from all the bites but empty inside except a handful of bones that rattle about any time you move. The damn things would bleed you dry. + +The very next day, I looked up the list of large boats in the area, on our way back from the camping trip we actually took the time to tour the boat... By the time we got home form the 4 hour drive, we had already submitted the offer... THE NEXT DAY, I am driving another 4 hours each way with a friend of mine to do sea trials. We manage to do a full boat survey, and close on the boat within 2 weeks of seeing it. Not sure if you've ever bought a large vessel, but usually it takes 6 months or more. It's essentially buying a house that is constantly wet, and then adding truck parts to make it move. I was going to compare it to an RV, but it really isn't that similar. + +We've had this thing for nearly 2 years now and we are absolutely ecstatic with it but looking back, that was such a midlife crisis move that I can't believe I completely missed it. + +&#x200B; +Follow-up to [this](https://www.reddit.com/r/fatFIRE/comments/ewjz5b/comment/fg5jj2r?utm_source=amp&utm_medium=&utm_content=comment_timestamp) post, mods verifying users in r/fatFIRE are saints. TL;DR moved from an 1800 sq ft townhouse to a 7900sq ft home. + +A lot of helpful info was posted in the last thread. Some things that have rang true: + +1) Maintenance on a large home is really hard to understand until you are there. It is exactly what you would think: The same as a 2000sq ft home, but 4x as much (probably 5-6x given the increased complexity), except it's difficult imagine what 4x as much looks like until you live it. Unless you have some sort of a property manager, it is at least an hour or two a week minimum of organizing tradespeople and buying whatever parts or lights you might need or otherwise. People think "just pay someone" but there are jobs too small to be worth calling someone out, like changing any of the 200 lightbulbs, of which it seems there are at least 6-8 different types in use, then getting someone to come fix the built-in espresso maker, having an electrician come because for some reason the lights around the master bath keep tripping a breaker (loose wire), etc. It's not big $$ fixes, but it's hard to get away from having to quarterback it all. + +2) Many tradespeople take one look at your place and try to take you for a ride. One guy came out to fix the indoor pool when we first moved in, said that he would need 3 guys to come out and dig up the stone tiles surrounding it to find the issue and refused to provide any kind of quote, saying it would be based on straight time. I was about to move forward, but went underneath in the crawl space and found one single vacuum line had come loose, plugged it in, and it started working again. I have never fixed a pool in my entire life. If I have any advice, do not trust anyone you just meet, and get 3 quotes where possible for bigger jobs (this has been more difficult this year, especially at the beginning of COVID). + +3) I had a number of questions in the last thread about interior decorating. COVID put a halt to a number of our plans as supply-chains were disrupted and items we wanted were backordered by months, leaving us with fully empty rooms. We filled the place with serviceable furniture that we were able to acquire within weeks as we had essentially nothing to start, and surprisingly we are very happy with most of it. We're replacing a few things, but we have saved a ton by buying cheaper stuff and replacing as we go. When confronted with the choice of a cheap or much more expensive item, I have now found that if there is not immediately a clear-cut winner as a gut-feeling, 99% of the time I don't care after it's delivered, then shortly thereafter appreciate having spent less. If you find yourself in the same situation, do yourself a favor and heed this advice, we have saved 6-figures on this alone compared to our pre-covid plan. + +4) Some high-end homes have unnecessarily complicated fixtures which I would never buy now if I were building a similarly priced home. The windows in this place are beautiful but are made in Europe. One of the locking mechanisms for oversized dual-opening patio doors broke, and after 9 months they still have not fixed it. We literally cannot open it, which isn't a huge deal since there is another set right beside them, but the company has said they need to manufacture this specific mechanism, and something about COVID has made this more difficult. Writing this just reminded me to call them for the 12th time. + +5) Do not, under any circumstances, invest money in complicated home electronics that aren't widely available unless you would be okay lighting a pile of cash on fire. This place is a late-2000's electronics graveyard. Boxes and boxes of incredibly expensive equipment thrown out because all of the things you needed teams of people to install 10 years ago can now essentially be handled by Alexa/Lutron/Hue/Sonos for 1/10th of the cost, and 10x more intuitively. Automated TV mounts, I'm not even sure if that was cool back then. + +6) Buying a large, luxury home has been 100%, unquestionably worth every penny and minute of time. The ~2000sq ft of recreation space has been used extensively and the gym is a godsend. We still use all of the common space daily. If you are thinking of buying a large home and are worried about whether or not you will have dead space, I've found it has much more to do with how the home is designed than it is with the square footage. Friends that have rooms they don't go in often have features like formal dining rooms, offices they don't need with no other clear purpose for the room, etc. that you probably could have predicted would not be used if you had thought about it beforehand. + +To everyone who doubted the veracity of the last post, take time to thank the mods for verifying users so you can now spend your time on something more useful than trying to call out strangers on the internet. +I get why everyone seems focused on a market crash or a market correction. When the market seems to do too well compared to the news and the headwinds people doubt their decisions resulting in missed opportunities and lost profits + +Honestly this is why it’s important to keep perspective through all the noise +&#x200B; + +https://preview.redd.it/p6keozqdqms71.jpg?width=1200&format=pjpg&auto=webp&s=af009b2cab9c9fa1c795a5f47cf00c21e37789e1 + +On December 4, 1921, The New York Tribune published a story detailing a plan by inventor Henry Ford, founder of the Ford Motor Company, to replace the existing gold-backed currency system into one based on an “energy currency.” + +Ford goes on to say “Under the energy currency system the standard would be a certain amount of energy exerted for one hour that would be equal to USD 1. It’s simply a case of thinking and calculating in terms different from those laid down to us by the international banking group to which we have grown so accustomed that we think there is no other desirable standard.” + +“The essential evil of gold in its relation to war is the fact that it can be controlled. Break the control and you stop war.” + +What a visionary. Its as if Ford was reincarnated as Satoshi to carry on his work with todays tech. Pretty amazing an industry giant of his time was thinking this way. +I have seen a few people saying on this sub that Rentec does nothing special, they don't use advanced maths, they don't even use ML techniques. But, looking at one of the researchers working there, + +[https://www.linkedin.com/in/michael-r-douglas-b845b1126/](https://www.linkedin.com/in/michael-r-douglas-b845b1126/) + +&#x200B; + +Who has listed that he is responsible for "development of statistical approaches to making predictions from string theory". Just makes me wonder, what type of advanced mathematics they use... + +Several times in various forums, when I do mention they may have some use something from advanced maths such as Information Geometry, I get told that it is definitely not the case and how uninformed I am. I do know that a creation of a successful strategy doesn't require more than high school math - but, that is not the real problem, the issue is how do you manage the billions that they do, and I am sure that they use concepts from mathematics that only a few of us are even aware of and even fewer who can understand it. + +Just occurred to me when I was browsing LinkedIn, and wanted to post my thought here. +https://www.manrepeller.com/2019/02/trap-of-turning-hobbies-into-hustles.html + +Any time someone pipes up about side hustles, my mind immediately turns to this article and especially the title phrase. To me, the whole point of FIRE is to spend my time doing what makes me happy, and the easiest way to hate a hobby is to turn it into a job. So maybe let's cool it on instantly recommending people monetize their joy. +**EDIT: May 20** \- [So good, Tim Fries at the Tokenist shamelessly lifted this DD](https://tokenist.com/recent-occ-regulatory-moves-indicate-gme-amc-short-sellers-may-go-bust/) 🤣 + +&#x200B; + +I emphasize "***might***". See below and judge for yourself. + +**TL;DR:** + +1. On Monday, May 17th, [OCC posted an **increase** to their Clearing Fund of **$588,378,155**](https://infomemo.theocc.com/infomemos?number=48718). This information was found by u/aSphericalCow. In case it isn't clear, OCC is saying that all members must contribute proportionally to add $588m to the common Clearing Fund by Wednesday, May 19 (**tomorrow**). +2. Some [Options Clearing Corp (OCC) members](https://www.theocc.com/Company-Information/Member-Directory) (Citadel, Virtu, *and* **Robinhood** ^(If you are not out yet, you better get out ASAP) are members...) are likely at risk of default based on recent stress testing that resulted in the sudden increase to the Clearing Fund +3. When they fail, OCC seizes the failing members' holdings as collateral to get a loan to keep everything from collapsing +4. Then OCC needs to sell those holdings at auction to pay that loan back +5. To get the best return at auction and minimize their own exposure (paying out of their own funds), OCC needs more bidders +6. To get more bidders, they relaxed the qualification requirements for existing members and non-members in SR-OCC-2021-004 filed on March 31, 2021 and [entered into the Federal Register on April 6](https://www.federalregister.gov/documents/2021/04/06/2021-06989/self-regulatory-organizations-the-options-clearing-corporation-notice-of-filing-of-proposed-rule) (thanks u/StatisticianActive48) with a 45 day review period that ends on **Friday, May 21**. +7. This rule change is set to go into effect **this week** and sets a path for a more controlled wind-down of a defaulting member and decreases volatility in the wake of a collapse and therefore, SR-OCC-2021-004 could be seen as a prerequisite by many parties such as the OCC and SEC and even Berkshire and BlackRock. + +\---- + +[*This was originally posted last week*](https://www.reddit.com/r/GME/comments/napco9/srocc2021004_finalizes_this_week_is_this_the/) *as I believed we were on the verge of moving out of stasis. I want to thank* ***all*** *of the folks that reached out regarding my ban and the mods for reversing the ban. I mostly lurk so I took the ban in stride. I also want to thank and credit all of the folks who reached out with corrections and additional information that made this DD better!* + +\---- + +[SR-OCC-2021-004](https://www.sec.gov/rules/sro/occ/2021/34-91445.pdf) ("OCC-004") was filed on **March 31, 2021** and entered into the Federal Register on **April 6, 2021:** + +[Filing date for SR-OCC-2021-004 in the Federal Register](https://preview.redd.it/msfmn9jcmvz61.png?width=982&format=png&auto=webp&s=bf334ee67fd8f4501ad2085a072bfbbd1b667147) + +With a date of effectiveness **45 calendar days** after the entry into the Federal Register. + +That would put the date at **May 21, 2021** as pointed out by u/StatisticianActive48. + +One of two things will happen this week: + +1. It will go into effectiveness sometime between now and Friday, May 21. +2. It will be postponed with an objection as we have seen with both SR-OCC-2021-003 and SR-NSCC-2021-002 in which case it will be pushed out to the June/August time frame (thanks u/rockitman12). + +If it does not get delayed, I expect a full collapse of the shorts in the near future. (Remember: it may take days for the margin calls to go into full force). Some of the activity we've seen this week is definitely pointing to a change in the stasis we've been in since March 16th. + +* [The additional FUD with respect to Glacier Capital](https://www.reddit.com/r/Superstonk/comments/nf2q78/glacier_capital_exists_and_its_much_spicer_than/) (courtesy u/MrMadium and u/timmmmmmmyy) +* [The options data aligning on Friday, May 21](https://www.reddit.com/r/Superstonk/comments/nexfv4/its_just_a_pyramid_scheme_part_1_the_missing/) (courtesy u/hell-mitc) +* [The FTD loop that may end T+35 on Monday, May 24](https://www.reddit.com/r/Superstonk/comments/nf22qz/theory_on_the_ftd_loop_missing_link_a_t35_surge/) (courtesy u/Criand) +* [The recent DD with regards to SR-BOX-2021-11](https://www.reddit.com/r/Superstonk/comments/nd8nqt/need_a_wrinkle_brain_immediately_robinhood_and/) (courtesy u/Inevitable-Elk-4162) + +I don't want to plaster dates, but this week seems to be a convergence of many interesting events. + +[On April 5, 2021, I wrote the following](https://www.reddit.com/r/Superstonk/comments/mkvgew/why_are_we_trading_sideways_why_is_the_borrow/): + +[My conclusion on April 5 after pondering why we had been in a \\"sideways\\" trading pattern for two weeks at that time.](https://preview.redd.it/6q6dc6wgmvz61.png?width=696&format=png&auto=webp&s=2b650e8e98e5b6f276e786c8eb09be73f329fd34) + +For those that have not followed my posts in the past, the OCC is the **Options Clearing Corporation** which functions similarly to the DTCC except its for options. My thought is that **OCC-004 is a critical piece of the puzzle** to prepare for the first major margin calls that will initiate the squeeze as it opens up the asset auction qualifications and procedures once an OCC member defaults as a result. + +As a reminder, here are the membership lists for DTCC and OCC: + +* DTC: [https://www.dtcc.com/-/media/Files/Downloads/client-center/DTC/alpha.pdf](https://www.dtcc.com/-/media/Files/Downloads/client-center/DTC/alpha.pdf) +* OCC: [https://www.theocc.com/Company-Information/Member-Directory](https://www.theocc.com/Company-Information/Member-Directory) + +Just a cross section: + +|*Member*|*DTC*|*OCC*| +|:-|:-|:-| +|Apex Clearing|✔|✔| +|Barclays|✔|✔| +|Bank of America|✔|✔| +|Charles Schwab|✔|✔| +|Citadel Clearing|✔|✔| +|Citadel Securities|✔|✔| +|Credit Suisse Securities|✔|✔| +|Deutsche Bank|✔|✔| +|Goldman Sachs|✔|✔| +|Interactive Brokers|✔|✔| +|JP Morgan|✔|✔| +|Merrill Lynch|✔|✔| +|Robinhood Securities|✔|✔| +|TD Ameritrade|✔|✔| +|UBS Securities|✔|✔| +|Vanguard|✔|✔| + +The reason why OCC-004 this is important is **market stability.** Having major market participants fail without a plan would create excess market turmoil (it is already going to be a shitshow). My sense has been that all vested parties have been working on how to structure this squeeze and contain the fallout. u/k2fa91's post yesterday [on a document entered into the Federal Register on April 13](https://www.reddit.com/r/Superstonk/comments/ne39fe/need_more_eyes_on_this_154_page_federal_register/) further hammers this home: + +>***The Commission is adopting § 190.00(c)(3)(ii) to address the division of customer property and member property in proceedings in which the debtor is a clearing organization***. In such a proceeding, customer property consists of member property, which is distributed to pay member claims based on members’ house accounts, an customer property other than member property, which is reserved for payment of claims for the benefit of members’ public customers. + +In other words, what to do with customer accounts when a clearing organization -- **like Citadel or Robinhood** \-- goes into bankruptcy. + +I believe that this is one of the reasons why we have been trading sideways with virtually no volume since March 16th: + +[The two distinct bands we've been trading in since March 16th. The 3.5m share offering is plainly visible in hindsight.](https://preview.redd.it/sab93cu0nvz61.png?width=1634&format=png&auto=webp&s=16e2e1925cdd7785c35d4a60a5c370abfdb12988) + +It is also likely one of the reasons why many big players like [Berkshire](https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-sells-stocks-reduces-buybacks-q1-earnings-2021-5-1030373389) and BlackRock are moving into cash heavy positions. + +When an OCC member -- ***like Citadel*** \-- fails, the member's assets are used as collateral to obtain **immediate liquidity** to keep the markets and OCC functioning. These assets are then auctioned off to recover the funds used to inject that liquidity. The thinking is that the more bidders at auction, the more likely it is that the assets will be sold closer to market value and prevent a market-wide collapse of asset prices (this is kind of already happening these past two weeks...). + +[Key lines on page 7](https://preview.redd.it/43a8pyp8nvz61.png?width=584&format=png&auto=webp&s=a44179d9026335c599e142dae37b8ac10186f038) + +It also minimizes OCC members' exposure to that default if they can recover more cash through the auction process. **Remember, OCC members include: Bank of America, Charles Schwab, Citadel, Credit Suisse, Deutsche Bank, Goldman Sachs, Interactive Brokers, JP Morgan, Robinhood, TD Ameritrade, UBS, Vanguard, and many others** who don't want to pay for the mistakes of a few of their members. + +Additionally, the changes in OCC-004 result in ***non-OCC members*** having an easier path to bidding at auction (remember: firms like Fidelity, Berkshire, and BlackRock are **NOT** OCC members) as part of this process to qualify more bidders. + +[Pages 4 and 5](https://preview.redd.it/yse9eoodnvz61.png?width=604&format=png&auto=webp&s=7f324f98c83d2862a0a6bc2de155b0a1fc242c35) + +My conjecture is that all of DTCC, OCC, and SEC ^(those "postponed" closed-door meetings?) have been buying time to prepare for the fallout of the squeeze so what we see with the price manipulation around GME is not solely due to the action of the shorts, but all of the key market players as a whole to contain this fallout from potentially multiple members of DTCC and OCC failing. [The next closed door meeting? It's scheduled for this Thursday, May 20](https://www.sec.gov/news/closedmeetings/2021/ssamtg052021.htm). + +[The next closed door meeting at the SEC is this Thursday, May 20](https://preview.redd.it/v1crl6k4nvz61.png?width=998&format=png&auto=webp&s=c4ce557a1fd4d1262f525fea1bce626403a191d0) + +Furthermore, user u/aSphericalCow sent me [something really interesting this morning](https://infomemo.theocc.com/infomemos?number=48718): + +[\\"The temporary increase would result in an increase OF $588,378,155 TO the Clearing Fund\\"](https://preview.redd.it/08ghduu0ovz61.png?width=643&format=png&auto=webp&s=8211ee85254d22fde62d9bdc27be32e0d6dbdf84) + +[An ominous note at the end of that document that the Clearing Fund will increase nearly $600m by tomorrow, 9 AM US Central Time.](https://preview.redd.it/cw9isiijrvz61.png?width=876&format=png&auto=webp&s=415caf9fc54e2ce010d00b5898f037541e46556a) + +u/aSphericalCow's finding is a big piece of this puzzle that I was missing last week because I think this shows a sense of urgency on behalf of OCC to get this additional $588m into their Clearing Fund. *If members do not post their share, OCC will take it by force*. The memo also gives us a hint at the outcome of the stress test and I think we can conclude that it wasn't pretty if they are seeking over half a billion dollars. + +That's a sudden increase of more than half a billion dollars *on top of* the existing Clearing Fund and mitigates the delay of SR-OCC-2021-003 which aimed to increase the size of the Clearing Fund contributions and was objected to and delayed by Susquehanna International Group. + +To watch for this regulatory activity, check here: + +* SEC What's New page which is updated daily usually after noon: [https://www.sec.gov/news/whatsnew/wn-today.shtml](https://www.sec.gov/news/whatsnew/wn-today.shtml) +* SEC OCC Rulemaking page: [https://www.sec.gov/rules/sro/occ.htm](https://www.sec.gov/rules/sro/occ.htm) + +Are we guaranteed to launch immediately after OCC-004? **No**. But I think that the likeliness of launch *feels* imminent with the multiple incidents we are observing this week, the market pullback, and the sudden rise in overall volatility. I think it will also depend on how far along they are with their pool of bidders. + +# FAQ + +**Q: Should I get out of Charles Schwab, TD Ameritrade, or E\*Trade?** + +While they are all members of OCC, unless they are exposed to GME/AMC shorts, they are likely going to be fine. The problem with Citadel and Virtu is that their sister trading firms are highly exposed in GME and AMC short positions. Robinhood as well. + +Citadel is additionally exposed through their market maker status and creating naked shorts as part of market making. + +This is also likely one of the reasons why the margin requirements for AMC and GME are now going through the roof on all trading platforms. + +**Q: Will we get paid?** + +The whole point of preparing that liquidity is in anticipation of having to continue to fulfill buy/sell transactions. Without that liquidity, the market seizes up. You will get paid; DTCC and OCC will use those loans to pay obligations and then dip into their own funds. + +I also submit the following quote from SEC chairman Gary Gensler [from one of his lectures at MIT](https://youtu.be/l0vD_FBWk0g?t=4580) (timestamped YouTube link): + +>As we're not sharing the economic well-being broadly in the economy. Middle income America, middle income Europe in particular is not sharing as much. I think that hurts us in two ways. One is that is if we have the downturn, there's not as much uh…all economies these days are led by consumption. There's not as much ability to respond with consumption. And two I think it also tears at our social fabric. + +**Q: How is $588m going to make a difference?** + +The $588m is going into the OCC member Clearing Fund and isn't meant to shore up the defaulting member; it's meant to add to the pool of funds to shore up *the non-defaulting members*. You also have to keep in mind that much like a lease agreement prevents a landlord from arbitrarily increasing your rent, OCC cannot arbitrarily raise capital requirements from its members; it can only do so within the constraints of existing agreements and formulas for calculating capital contributions. This is part of the reason why they are amending their member agreement with respect to capital requirements via SR-OCC-2021-003 "Minimum skin in the game". +this is pretty crazy: + +https://i.postimg.cc/3R7176FS/vix.jpg + +Is this high level of fear and volatility warranted? + +To be honest I don't think we are going to see a new 2008 in terms of how badly the world is hit, because of the corona virus. + +Of course the corona virus will have negative economic consequences, but I think the stock markets will rebound slowly around 6 or 12 months from now. + +I think the worst thing now, for the stock market is the uncertainty about how many people will get sick from coronavirus and how the states and economies will react. + +How do you think this will all play out and evolve? +Roughly 8 months ago I stepped into a new senior level position at my company. I was the first of 7 senior managers hired for the new position. I was hand-selected by my manager for the past 2 years for the role. I have a longer tenure at the company than any of my colleagues and I have the second most prior experience from the past 20 years relative to the role and industry compared to my new colleagues. Most of them are recent hires from other companies and I know I’m providing greater value to the company at this time given my experience alone. + +This week I learned that I’m making significantly less than my Senior Manager colleagues. This ranges from 60 to 110k more per year than I’m currently making (base salary). Obviously this is very frustrating because I feel that I was taken advantage of in accepting this role before it was truly established. Also the job grade and salary ranges were not yet established. + +I’m asking for advice on how to approach this situation with my manager. I don’t want to leave the role or the company necessarily. I feel an honest conversation is warranted with my manager. I’m also not opposed to getting another offer from a new company and attempting to use that to negotiate an increase. + +Any recommendations on how to address this? Thanks +Thankfully not me! + +&#x200B; + +My cubicle is right next to my boss's door and he and another manager discussed who to let go in a department that is slow. The guy to be let go was selected because he is "independently wealthy", "doesnt have a family to support", and "doesn't need the job". + +&#x200B; + +I always had a feeling talking about your wealth or early retirement goals could put a target on your back, now I know for sure! +I’m a qualified person to post in this sub but still, that doesn’t mean much. I know what things happened to work for me. A combination of how I present myself, some luck, how I communicate, and how I ask for more in a respectful way led to an unusually high income. But.... who really knows maybe it was just luck. + + + + +Corporate people in this sub, what strategies do you use to climb the ladder, raise your status at your company, and to negotiate a higher income? Here are a few random questions I can think of to trigger conversation. + + +1. How often do you go back and ask for more/ask for more a raise, annually? More often? Do you prefer to be the squeaky wheel or to be silent and wait for whatever comes? + + +2. How often do you remind management that you want a role with more responsibility or management type roles? + + +3. With a high net worth goal in mind, would you rather aim for an individual contributor position where you have a variable performance income and can have the occasional blowout years, or do you aim for mid level management roles where you have direct report, and a more steady but still high income? + + +4. Do you have any techniques that you use (how you present yourself, how you communicate, etc) to increase your status or demand, in turn raising income? + + +5. Do you ever feel like you’ve hit the income cap for your role and feel uncomfortable asking for more? + + +6. Do you ever feel you’ve spent too many years in one role and need a change for the sake of not letting a resume get dusty? What if it’s a super good high earning role? + + +Feel free to make up your own questions and answers, I bet we could all use and share advice, I just wonder what tactics people try to use privately. Even if it’s something private like... you try to move quickly through in-person conference (when we had those) to appear busy. You spend extra time hovering around upper management. You hold back methods of performing well at your job so only you have those skills and your peers can’t perform on your level. Or, the opposite, you teach everyone tricks to try to become respected as the teacher. You over dress to appear a certain way. Or, you under dress to try to act like you don’t care as a power move. + + + +Whatever it is you do, if it works, tell us. +&#x200B; + +https://preview.redd.it/miuejcn52t371.png?width=1600&format=png&auto=webp&s=c81b9391048dd0772588d10757e4b956f6ffe14f + + Good Morning San Diago, + +I am Rensole and this is your daily news. + +Does anyone smell that? + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/9ydyg4o72t371.png?width=680&format=png&auto=webp&s=67d73004905004c58250e8ec85c046a290c7f04d + +# Reverse Repo rates + +Big thank you to u/ajquick + +&#x200B; + +https://preview.redd.it/6tlvxqye3t371.png?width=960&format=png&auto=webp&s=ead35a24f52e0e486dab971edcee1bb0047193b7 + + + +May 25: $432 billion - Participating Counterparties: 48 - Average per participant = $9 billion + +May 26: $450 billion - Participating Counterparties: 46 - Average per participant = $9.78 billion + +May 27: $485 billion - Participating Counterparties: 50 - Average per participant = $9.7 billion + +May 28: $479 billion - Participating Counterparties: 50 - Average per participant = $9.58 billion + +June 1: $447 billion - Participating Counterparties: 43 - Average per participant = $10.39 billion + +June 2: $438 billion - Participating Counterparties: 46 - Average per participant = $9.52 billion + +June 3: $479 billion - Participating Counterparties: 40 - Average per participant = $11.97 billion + +June 4: $483 billion - Participating Counterparties: 42 - Average per participant = $11.5 billion + +Seems this is increasing a lot and very fast 🤔 + +&#x200B; + +https://reddit.com/link/nu86hd/video/s10oc9d84t371/player + +# cnbc did a fucky wucky + +As most of you have heard by now past saturday CNBC had a couple of "experts" on to talk about what is going on and blurted out naked short selling, after that there was a huge spike in the "google analytical" side and searches for naked short selling were through the roof (you can use [trends.google.com](https://trends.google.com) and check out "naked Shorts" for yourself ;) ) + +&#x200B; + +[#nakedshorts](https://preview.redd.it/j2ls4aji8t371.png?width=960&format=png&auto=webp&s=f5a4000a6797a2949f0b1d9fd8f28fd3abc825d0) + +Also a funny comment the guy had was " don't think for a minute that hedgefunds haven't hired people and put them into these chatrooms (reddit) to keep these flames going"... hmmm who else had talked about paid shills before 🤔 not sure sounds very familiar though. + +People also seem to be making waves with #nakedshorts, so lets just say I hope this stays trending for a long while so more people can see wtf is going on and get more peoples eyes on this. + +&#x200B; + +https://preview.redd.it/97szuksg5t371.png?width=960&format=png&auto=webp&s=7ebebe5e3f294d65af9109a7b85903f25cd15a64 + +# Short selling restrictions + +This is also something I've seen come by around friday/saturday, Big banks and prime brokers are now restricting short positions on GME AMC and MIcroVision (who the fuck is Microvision?) + +Goldman Sachs, Bank of America, Citigroup and Jeffries are among those who have restricted them, expect more of them to follow. + +Source: [https://finance.yahoo.com/news/wall-street-banks-rein-hedge-190856404.html](https://finance.yahoo.com/news/wall-street-banks-rein-hedge-190856404.html) + +&#x200B; + +https://preview.redd.it/cgh72iy57t371.png?width=960&format=png&auto=webp&s=78de9fab5a9593323a4c1d49a86c12a5e5cba892 + +# SEC Fires head Auditor + +Possibly because he was "too friendly" with institutions he was supposed to be investigating and not taking the proper actions, as he mismanaged the regulator, so even if Gary is only on his 7th week, at least he is firing someone... cmon Gary move it buddy you have 2 days till the meeting. + +source: [https://finance.yahoo.com/news/sec-gensler-removes-head-u-200018386.html](https://finance.yahoo.com/news/sec-gensler-removes-head-u-200018386.html) + +[https://www.reuters.com/business/us-sec-ousts-head-accounting-watchdog-puts-rest-board-notice-2021-06-04/](https://www.reuters.com/business/us-sec-ousts-head-accounting-watchdog-puts-rest-board-notice-2021-06-04/) + +https://preview.redd.it/que5mc2l9t371.png?width=640&format=png&auto=webp&s=9a710f84a661242d57d33238cc351b749fec3a52 + +Just feel like this should need a reminder; + +&#x200B; + +https://preview.redd.it/j41ju0ib7t371.png?width=828&format=png&auto=webp&s=5c897c7dad9e922006bfc0d2a6088422d3b058cf + +I'm gonna be honest I like the guy (charles), but at the same time he works for MSM, that means I don't trust him, there usually narrative they want to push or whatever, but for this moment I'm giving him the benefit of the doubt. I've seen this guy say stuff that he seems to be on the side of the apes but again I'd rather be carefull then get bent over, especially since he's been fined before for not mentioning that he received payment to promote a stock. [(found here)](https://www.reddit.com/r/Superstonk/comments/nu29ec/charles_payne_og_90s_shill_litigation_release_no/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +https://preview.redd.it/m7ibugm88t371.png?width=467&format=png&auto=webp&s=f12fb7d5c030c2994b29571e78b051e56e939832 + +&#x200B; + + + +# GameStop Removed from Russell Microcap, May be Added to Russell 1000 + +Great write-up by u/DrGigaChad_MD which you can read [here](https://www.reddit.com/r/Superstonk/comments/nsmgy0/gamestop_removed_from_russell_microcap_may_be/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +https://preview.redd.it/gro7xmub9t371.png?width=640&format=png&auto=webp&s=401633ea01394c56af7a3c09b647cfd4a5cd1d3f + +# SEC littigation against Robbinhood filed friday + +AAhahahahaha..... hahahaha sorry something something karma, + + u/tophereth made a thread about it [here](https://www.reddit.com/r/Superstonk/comments/nspp9u/sec_litigation_against_robbinghood_filed_today/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) with a write-up of what's up and and links to the litigation and such. + +&#x200B; + +https://preview.redd.it/8e1tk2tcat371.png?width=640&format=png&auto=webp&s=72f02e5e18b437a22a11533e4d1558456e35d6f8 + +# G7 agree on worldwide taxation + +Ok so this is something I've heard something about in the past few years, but to be honest I don't think anyone would ever actually make this deal but here we are. + +The g7 (the richest 7 economies/countries of the world) agreed on a universal taxation across the board, meaning it would be increasingly difficult to hide their money in tax havens like the caymans and such. this would mean if a company (like amazon or FB or Citadel) operates in a country then they have to pay 15% tax THERE, not just where they store their money, but the countries they're profiting of. + +[https://www.bbc.com/news/world-57368247](https://www.bbc.com/news/world-57368247) + +&#x200B; + +https://preview.redd.it/fzpciljeat371.png?width=640&format=png&auto=webp&s=8fc05dbe8ce21dfcb64190ba4f7a290016aec3b4 + +&#x200B; + +https://preview.redd.it/4pw7s96jat371.png?width=554&format=png&auto=webp&s=a54b1b6c0af6fbf556e93bce7767b3ade0a6b51a + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +&#x200B; + +https://preview.redd.it/52jny9mlat371.png?width=400&format=png&auto=webp&s=5c6b416bfed7c80318910c39f32cbec5ea9ea9bf + + + +remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day we will be adding it here. + +backups: + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +**Countdown to the Annual shareholder meeting 3 days to go, and only 3 trading days, LETSGOOO! LFG** + + + +[Majora's short](https://preview.redd.it/9wo5zcvtat371.png?width=1280&format=png&auto=webp&s=d1290856c61b3a952dd8632bdc81344327f67d37) +Hi everyone, + +I am curious about the connection between growing up in poverty and current financial status, and our perspectives. I'm particularly interested in those whose parents were really bad with money. + +My dad was a single parent raising 3 kids. Even when working he was bad with money, but it got worse when he had a mental breakdown and had to go on disability. We had to claim bankruptcy twice, the first time losing our childhood home. His spending habits were atrocious. He collected stereo equipment and was always buying stuff off Ebay and trying to sell stuff at the same time, even if we were low on food. He struggled with binge eating and would eat our school snacks in the middle of the night, leaving us in the awkward position of not having any. We had to make use of food banks and at our worst, had to make use of what we had left. One week we ate just tomato soup, calling it "Tomato soup week", another week we ate toast and syrup, makeshift pancakes. + +I think there was the mindset of **"We have so little money and life is hard so I deserve to treat myself",** but by doing so, there were negative consequences. I have carried this with me. Even when at my poorest living alone, I would spend irresponsibly because "We all deserve some fun, right?". I never learned how to save, or build credit, or make a significant purchase. All I knew was poverty. + +I'm working on overcoming that mindset but it's hard. With my partner's help I've set up a strict budget complete with excel tracking. It is going well but I do feel resentful sometimes that I can't just buy everything I want. Can anyone else relate, if even a little? How do you give up those deeply ingrained patterns of behaviour? +It would be great if you could stop dipping, as I am slowly running out of fiat money. Maybe you could consider dipping only once a month, around payday, so I am able to buy the dip and feel good about myself. I don‘t want to tell you how to run your chart, but maybe it is worth a thought. + +Kind Regards, +Poor Student +I've always noticed that in games like lets say RuneScape, saving really feel like a goal. It becomes very nice to see that first 100k, got into 1million, than to 10, 100, etc. It really motivates. + +However, in real life this is a bit different. I personally have the will to touch it. It doesn't feel like it's really growing (even when it does). I guess in most games you don't really have to pay as much rent as in real life... + +Why do you think this is, based on behavioural economics? +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Thank you in advance for your participation. Enjoy! + +I saw people debate [this](https://i.redd.it/15j95jcwbpf91.jpg)^1 meme. + +And was wondering was there a way to calculate surplus value for the whole country and determine how much goes to the workers and how much to shareholders. + +See comments for a pile of calculations that I did that are are probably wrong. +Before I thought there's probably a whole branch of economics dedicated to this. +I'll just ask an economist. + +# + +^1 Meme Transcript: + +My coworkers and I make $3,000,000 worth of goods every year, the materials and utilities cost $800,000 the tools cost $200,000 and all of us combined get paid $500,000 which means that there's someone getting paid $1,500,000 who didn't contribute to the work at all. +At the time of the recent correction, I've read a bunch of posts asking what is going on with the ether price - a few people answered: "You havn't asked what's going on the time it was mooning, have you?" + +. + +So I'm here asking what do you "think" is going on? bulltrap, dead cat, new ath incoming? + +. + +what is your opinion? +There is an unfortunate abundance of hate and jealousy from people presumably "missing out" on significant price increases and frankly I don't understand that mentality. + +We should be congratulating our Brothers and Sisters in crypto and not criticising their choice of coin. + +Crypto isn't a race to become rich, it's a much longer journey with plenty of ups and downs and ultimately, we're all in it together! + +So lets just congratulate others on their recent successes and if you believe in your portfolio then your time will come too. + +Edit: Was it something I said? +There has been a lot of talk about simply being happy with GME as an investment because you are holding shares of a transformational tech company. If you are one of those people, more power to you (player). However, for those of you who invested for a short squeeze, you have every right to expect one. Here are the two main reasons why: + +\+a system-wide shock is the only thing strong enough to restructure our financial markets to benefit the many instead of the few (ending naked shorting and sending a message to big financial institutions who plan on screwing over retail) + +\+given that it is well-established that apes (acting individually) plan on holding onto much of the stock for the infinity pool...the stock price post-MOASS will at the very least be higher than it is currently...this gives the GameStop team even more capital to continue their growth (and delight customers) + +**TLDR**; GameStop want MOASS. Why? MOASS help GameStop! +**The Top Line News** + +Today I[’](https://imgur.com/gallery/yFZEsyx)m so happy to announce that Bingus has joined up with [ApeSwap](https://dex.apeswap.finance/#/swap?outputCurrency=0xdA20C8a5c3B1AB48e31ba6e43f0F2830E50218D8) & [TakoSwap](https://takodefi.com/) to be one of the few coins listed on ApeSwap and to offer LP farming for our liquidity providers through TakoSwap. *AS OF TONIGHT CAN NOW FARM YOUR BINGUS/BNB LP FROM APESWAP FOR TAKO* [*HERE*](https://takodefi.com/)*!* + +This listing is huge for us at Bingus. Not only does this help us towards a more sustainable future, but it furthers our partnerships inside the crypto world. + +Also, as of Friday Bingus donated another 10k to the shelter [Maui Humane Society](https://www.instagram.com/p/COVTmpQA45G/)! + +**An Unspoken Reality** + +Let us be honest with one another for a moment. I think it's something often missing from these Reddit posts. Most Binance Smart Chain coins are get-rich-quick schemes or worse. They post here, pump hard for a few days, then burn out brightly. Not many of them plan for more than a few weeks lifespan while promising every single usecase imaginable. Most of them are not realistic or forthright about what they can accomplish and why would they be if all they are trying to do is see the number go up? With BSC's low fees and low barrier to launch, the incentive is to bend the truth and promise the impossible. We refuse to do that. + +The community working on Bingus fully understands the hype cycle of coins. We also understand that while we want to grow quickly and make coin holders money, we also want to ensure that we are doing it in a way that allows us to help the most animals and stay true to our core mission: providing utility to animal shelters and rescues. Every step of the way we have kept that mission at the core of our decisions. The influencers we have chosen to work with all wanted to work with us because of our mission and we wanted to work with them because they love animals. Our choice to work with ApeSwap & Tako was driven by that fact. Before a big marketing push, we needed to expand to a new exchange and to incentivize providing liquidity. Every decision is made methodically with the health of the coin in mind. + +**The Future** + +In the coming week, we should see that pretty big marketing push begin. We have collected about 30k in the marketing wallet from the community and intend to put it to good use. We already have had a prominent crypto marketer join us quietly and voluntarily, the next step is to allow him to begin his work. At the same time, we will be releasing a website redesign that just went into production today. This website will put our core mission at the center and feature the influencers that have endorsed us (the latest was [Michael Rainey Jr](https://www.instagram.com/michaelraineyjr/), lead of Showtime's *Power: Ghost*). After that, we will be using my background in video production to begin making video content that we can use to spread across social media. + +Finally, we intend to release a realistic roadmap that fully outlines our intents. The one thing I never wanted to do is put out a roadmap that is filled with crypto buzzwords. Half of the roadmaps I see I would nearly consider lies. When we say we will do things, we do them. Until I'm sure we can pull it off, I don't talk about it. It’s as simple as that. Until our website gets an update, however, you can check out our updated [LitePaper here](https://bingus.finance/wp-content/uploads/2021/05/Bingus-Lite.pdf) which outlines some of those future plans that we already have begun to work on. + +Oh, and a merch shop should be on its way sometime this week. This project has been in tandem with the [Bingus Offical Instagram](https://www.instagram.com/bingus.official/?hl=en) so we can expand our reach in memes together. + +**Conclusion** + +I wanna make one thing clear. *I'm not the leader of this project,* *I'm simply the loudest voice in the room.* This is a community-driven project and I'm here working as hard as I can alongside everyone else. I would invite you to join us and help in any capacity you believe you can assist. + +I used to watch this subreddit like a hawk, grabbing fair-launch shitcoins and flipping them. I know the temptation of coins like Safemoon, or Bonfire, or even Hoge back in the day. The truth is at some point the fact that we have been able to get 50k (40k officially, 10k in an upcoming unreleased video by [Rocky Kanaka](https://m.youtube.com/c/rockykanaka/videos)) to animal shelters, took that crypto gambling addiction out of me. [I own two rescue dogs](https://i.imgur.com/TARIbi2.jpg) and now my only mission is to make Bingus as *valuable* as possible, in order to maximize our utility for animal shelters and rescues around the globe. + +Would love to have you join us in our moon mission for forever homes. + +***Token Links*** + +============== + +[$Bingus website](https://bingus.finance/) + +[Buy $Bingus on ApeSwap](https://dex.apeswap.finance/#/swap?outputCurrency=0xdA20C8a5c3B1AB48e31ba6e43f0F2830E50218D8) + +[HowToBuyBingus.com](https://howtobuybingus.com) + +[Bingus chart](https://charts.bogged.finance/?token=0xdA20C8a5c3B1AB48e31ba6e43f0F283050218D8) + +[Audit](https://dessertswap.finance/audits/Bingus%20Token%20BEP-20%20Audit%206489097.pdf) + +[CryptoTalkz AMA](https://streamable.com/h2w51l) + +[Satoshi Club AMA](https://t.me/Satoshi_club/715632) + +***Social Links*** + +============= + +[Telegram](https://t.me/bingustoken2official) + +[Telegram News & Announcements](https://t.me/bingustoken2official) + +r/BingusFinance on Reddit + +[Discord](https://discord.com/invite/qKdZdd558F) + +[Instagram](https://www.instagram.com/bingustoken/) + +[Twitter](https://twitter.com/bingustoken/) + +[Facebook](https://www.facebook.com/BingusToken/) + +\*\*Charity Donations\*\* + +================ + +Donation 1 (**$350**) [Wright-Way Rescue](https://imgur.com/gallery/fKuZQoQ) + +Donation 2 (**$1000**) [Forgotten Animals](https://imgur.com/gallery/quIDx6z) + +Donation 3 (**$3000**) [Reversed Rescue](https://imgur.com/gallery/lLlKTzQ) + +Donation 4 (**$2500**) [Jersey Animal Rescue](https://imgur.com/gallery/njxAINv) + +Donation 5 (**$3000**) [Sterling Shelter](https://imgur.com/gallery/VXPICLP) + +Donation 6 (**$10,000)** [The Real Bark](https://imgur.com/gallery/kJ9M4Ya) + +Donation 7 (**$10,000**) [Hope for Paws](https://imgur.com/gallery/H8FfkJo) + + Donation 8 (**$10,000**) [Maui Humane Society](https://imgur.com/gallery/wFT94nB) + +&#x200B; + +**Endorser Links** + +================ + +**Michael Rainey Jr** + +[Power](https://m.imdb.com/title/tt3281796/) | [IMDb](https://m.imdb.com/name/nm3691729/) | [Instagram](https://www.instagram.com/michaelraineyjr) | [Twitter](https://twitter.com/michaelraineyjr) | + +**Rocky Kanaka** + +[Save Our Shelter](http://saveourshelter.com/) | [YouTube](https://m.youtube.com/c/rockykanaka/videos) | \[[Rocky’s Website](https://rockykanaka.com/) | [Instagram](https://www.instagram.com/rockykanaka/) | [Twitter](https://twitter.com/rockykanaka) | [Facebook](https://www.facebook.com/rockykanaka/) + +**BBno$** + +[Spotify](https://open.spotify.com/artist/41X1TR6hrK8Q2ZCpp2EqCz) | [Instagram](https://www.instagram.com/bbnomula/)| Two $Bingus x BBno$ tracks [here](https://m.soundcloud.com/bbnomula/bingus/s-C0y1JbzSzF7) and [here](https://soundcloud.com/bbnomula/bingus-20-40million-market-expectancy/s-oz3htBobQfS) + +**MoistCr1tikal** + +[Twitch](https://www.twitch.tv/moistcr1tikal) | [YouTube](https://www.youtube.com/channel/UCq6VFHwMzcMXbuKyG7SQYIg) | [Twitter](https://twitter.com/MoistCr1TiKaL) | [Instagram](https://www.instagram.com/bigmoistcr1tikal) +My Mom died last week and it very sudden, very unexpected. My Dad is still living. There are several guides available about the loss of a loved one and how to handle the estate, and I do have a good idea of where to start (notifying the credit bureaus, etc) but I cannot find an article about handling things when one parent is still living. My Dad is completely unable to manage his finances (he has a very hard time with computers and cell phones and is pretty severely dyslexic), my Mom handled absolutely everything about their money. Luckily I use their same bank and have been able to log into their account and get an idea of what is going on. + +I am only child, my Dad retired 3 weeks ago (my Mom was a homemaker), and when he retired they also paid off their house. The paperwork for pension, social security, and the house was just beginning to be sorted out by my Mom when she died, but there are some guides online that I think will help me and we do have an appointment with my Dad's pension administrator to sort the pension out. + +But my main concern if that as I will likely be in charge of managing my Dad's finances, not just for now but probably for the long term, how do I go about this? My Dad wants to add me to everything - his bank account, the house (again, that they just paid off), vehicles. This is to help him manage things and also in case he passes. I have no idea what my parent's credit looks like (I was planning to open a Credit Karma account with my Dad's information to get an idea) but my own credit rating is almost perfect, and I don't want to lower it. I already own a separate home and pay a mortgage on it, would having my name on another house be a concern? Maybe taxes would be a problem? I also do NOT want to responsible for any debt if that is avoidable. + +The timing of my Mother's death is terrible. They were JUST about to sit down and show each other how to manage things if the other one passed away, because they were growing increasingly worried about Covid (her death was not from Covid). They were just beginning to think about the next chapter, of what retirement would look like. This sucks. +Yeah…brokers have nothing to hide. + +It was just a glitch, it was just a typo. Somebody fell asleep on the zero this weekend. Convenient. + +How often are these “glitches” or “typos” going to confirm our DD? + +FUDelity is loaning our shares and has been all along. Probably making a sweet premium for it too. How many millions of customers migrated to that platform, hoping for an honest brokerage? They’re all the same. They get rich by screwing you over. + +I’m so done. There is only one way I see this ending. DRS or nothing. I just transferred the rest of my shares to CS. + +LOCK THE FLOAT. +From past few years, I have started relying a lot on online payments and its increasing every passing year. Thanks to UPI and E-Wallets. I just load amazon and PayTM once in a month and am done. I rarely use cash these days, even when I do its less than 100 INR, because all main things like groceries, bills etc are already paid by Card/UPI/E-Wallet + +Honestly, cash was a pain for salaried class and for people doing business through banking channels like cheque etc because back then you get money in band, go to ATM, withdraw cash and then use it for rest of the month, makes no sense IMO. + +My family use cash sometime though to pay maid, milkman etc as they don't accept online payments. + +I was wondering how are things for you guys, how often you use cash? +Literally the ONLY thing that will get me to sell my GME shares is the back side of MOASS. + +Not FUD, not AMC, not price drops, not cryptoo, not messaging me, not marketed disinformation campaigns, not IAMGME hashtags, not flooding this message board with bad memes.....NOTHING + +LET ME REPEAT, NOTHING, will get me to sell my shares until MOASS.🚀 + +See y’all on the Moon. + +Edit: Thanks Apes for the awards! This was just my morning coffee rant! + +Edit #2: I had this calm come over me as I drove the kids to school this morning. A total realization and buy in to this whole experience. I can honestly lose what I have in GME, all of it, and still go on in life without much changing. But I now have reached a zen where I will have no emotion throughout MOASS selling on the way down. +Full disclosure, I already have a small amount of BTC (chump change, but still). + +During the BCC fork, everyone did the sell-to-BTC, then get BCC, then buy back alts. Including me. Now that Bitcoin Gold is a thing, folks expect the same returns. However: + +* The date of availability (trading, liquidity) is still unknown and will happen weeks after the fork. So, any ROI will be strictly BTC if it rises, or a loss if it drops. Buying back into alts using the "free money" will not be an immediate option, the same way it was with BCC. I don't want to watch the alts spike back up while I'm waiting for Bitbase or Polobit or w/e tiny exchange to pick up Bitcoin Gold. + +* The fork, from what I understand, is user-driven by a small group and not comparable to the 2X / BCC debacle. This is like comparing a company-wide union protest, to a small group of ex-employees who started a new company in a crappy strip mall office. The bulk of big names and big money that caused BCC to moon (temporarily...it's back near an ATL now) is absent in this case. + +* BCC was the first time many new (ish) adopters have been through a fork. Thus, many expect the same with Bitcoin Gold. But, smart money knows that folks are de-alting in hopes of free money. I'm planning on snagging some $7 OMG and $1.50 PAY, but with FIAT. Adding to stack > gambling on glitch. + +Yes, I'm keeping my BTC in a paper wallet to get some "free money," but I am not selling a single alt, unless one of my drunk buys spikes for some reason and I can dump a bag of 1ST or BURST. I really encourage everyone to look at all angles, but I'm not gonna pretend that this is even close to the R/R ratio of BCC. + +On the upside, bring on the cheap ETH. +Please make sure to take care of your physical body today. If you are short puts like I am, it is going to be rough day again. + +If you are getting discouraged, please don't hesitate to PM me. Sometimes it helps to talk to someone who is in the same boat as you. + +Good luck out there! +So, I'm probably not the first one to see this, but it can't hurt to keep morale high + +RC is not using cryptic memes and messages open to interpretation anymore. He is voicing his (very controversial for establishment) opinions loud and clear. + +To me this just looks like a guy who's set up the trap, planned for contingencies and even prepared the ultimate solutions to this shitshow we call the "Free" market. + +He has all the cards and knows that what is to come is inevitable. When was the last time that the brand spanking new chairman of the board of a multi-billion dollar business didn't use business speak and watered down comments to avoid causing the slightest fuss? + +RC gives no fucks anymore and that's bullish AF +Just noting something I think we've all seen as we progressed through the last year of hodling GME: + +Despite the shorts blowing shit tons of $$$ to distort and the MSM doing everything they can to keep their narratives going, the truth is getting out more and more to Main Street, and I would argue it's hit a critical mass point-of-no-return (which is why I think we're seeing their narratives evolve). + +As the truth about GME continues to spread, it's inevitable that more and more new investors are going to be here asking lots of questions that might seem basic, uninformed, and possibly even irritating to answer... + +Whenever we come across these types of comments/questions, we would ALL benefit significantly to remember how little we all knew 1 year ago, and do our very best to be as welcoming/helpful as we possibly can. + +I get it that sometimes it's not possible to provide sources/info/backround/etc. BUT in those instances, even just linking to someone else's solid comment in the thread (which is almost ALWAYS there), or asking fellow apes in the comments to help out w/ this, is soooooo much better than risking curt/terse replies (even if unintended). These replies will make new people feel dumb, and like they should already know. + +[Wall Street doesn't need any help making people feel too dumb to learn](https://preview.redd.it/x64dma19hib81.png?width=692&format=png&auto=webp&s=e69547e3ef6da4e2ab8b96c106e3d39bcab88519) + +This is especially important to remember right now with the new year ahead, because with what we all know is coming for GME, these new investors are going to more and more common on the sub. + +👇👇👇👇 + +**EDIT: Outstanding comment here by** u/half_dane\*\*:\*\* [**https://www.reddit.com/r/Superstonk/comments/s35wnx/psa\_gme\_is\_only\_going\_to\_draw\_more\_and\_more\_new/hsizxej/**](https://www.reddit.com/r/Superstonk/comments/s35wnx/psa_gme_is_only_going_to_draw_more_and_more_new/hsizxej/) + +👆👆👆👆 +I was 30 at the time, (now I am applying for medicare) but the neighbor asked me to help him roof his rental cabin. I had 4-5 kids by then and money was a thing of stories, not actually obtainable, dumpster diving and steel sticking out of the threads of my car tires was a more an apt description of our financial life. Saving money was like pouring water into a tank with a huge hole in it! If I did actually squirrel away 6-8 K in a year I owed it out in taxes in April! I worked so hard, one evening my wife put her hand on me just as I was dozing off and my nerves sent me to the ceiling like spiderman! Anyway I looked at that cabin I was roofing, and all the other cabins there and remembered all the old farts that I knew who had rentals, and how they lit up when speaking of the cash flow. I decided right then to get some. I reasoned it would be considerably easier to have somebody pay me each month than me pay somebody. I later found out that collecting rent has its own set of troubles as well, take February for instance, it being a short month, I barely have collected all the tens of thousands of rent, and now have to do it again! It is tough, you get all that money and then have to find a place to put it! (sarcasm alert) Anyway, my encouragement to you younger people.... it can be done and done in a way that you stay married and have a family that doesn't hate you when it is over! (feel free to comment or tell us your story) +Source: https://www.thelondoneconomic.com/property/mortgages-now-more-expensive-than-renting-research-shows-336705/#:~:text=The%20cost%20of%20paying% + +I've seen a lot of people asking why, if they can afford rents higher than what their mortgage would cost why they cannot get a mortgage. This is why. Your mortgage repayments can rapidly increase and soon become unaffordable, unlike fixed rents. (As well as can you pay the mortgage and replace your boiler? The roof falls in? Etc) + +It's bad news all round. + +Edit: I get it, I misspoke - when I said "fixed rents" I did not mean rents are fixed indefinitely. I meant they're fixed for the lifetime of the tenancy agreement and that there is no variable component. +I work for Walmart and wanted to know if there are any cons to my idea of putting into the associate stock plan. I can put up to $1,800 into Walmart stock and they will match 15%. So if I max this out I would get an extra $270 from the company worth of Walmart stock. + +Is it worth doing this and selling occasionally to add the funds to my actual dividend portfolio? + +Should I wait and only sell after a year to avoid short term gains? + +Could I use the 15% cushion to sell if/when the stock goes down to help my taxes? + +Just looking for some general advice on if this is worth the time and effort. There are worse companies to have a large amount of stock long term in but I don’t want it to end up being a huge chunk of my portfolio because if it fails then I’m out of a job and also out of my investment. Any advice or opinions would be welcome. +Newspapers don't seem like an exciting industry in 2021, but hear me out. + +This stock was trading below $1 a few months ago and has climbed steadily to $5 now. + +Gannett is building a subscription and advertising business that is digital first and slowly phasing out print. It's a DIRECT subscription strategy that will look like the "Netflix of news" where you subscribe to a plan that includes your local newspaper (if you live in one of the hundreds of places where they own the daily paper... or where they will start new digital-only newsrooms) and you'll also get ad-free USA Today wrapped in with the deal. + +If they get a few million digital subscribers paying $10+ a month, plus a robust digital advertising business, this becomes a $5 billion company with a $30 stock. + +Right now they're up to 1.1 million digital only subscribers and the CEO has set a target of growing that to 10 million in the next 5 years. They also refinanced their debt and are now in a position to really integrate their USA Today Network of digital properties. + +This Bill Miller analysis suggests the company is still very undervalued and the CEO will be HIGHLY MOTIVATED to get the stock price up... + +"We see normalized EBITDA in excess of $700M and annual free cash flow that could approach $500M over the next couple of years, greater than the company market capitalization at year-end. (!!!) Gannett’s CEO has significant incentive to deliver on long-term merger targets and reduce debt to the benefit of shareholders. The CEO recently received a new contract that will award him 2M shares if the share price is greater than $10 by the end of 2023. We believe a successful transformation of Gannett over the next couple of years is worth in excess of $20/share." + +Read the whole thing here: + +[https://millervalue.com/deep-value-4q20-letter/](https://millervalue.com/deep-value-4q20-letter/) + +*---------------* + +EDIT: Something I forgot to mention in my original post, but the push to force tech giants like Facebook and Google to rev-share with news publishers looks like it may expand from Australia to the United Kingdom next. Gannett is well positioned in the UK as the owners of a rather large chain of regional newspapers and magazines via their Newsquest subsidiary. + +[https://en.wikipedia.org/wiki/Newsquest](https://en.wikipedia.org/wiki/Newsquest) +Business Insider: + +> President Donald Trump is "obsessed" with Amazon, a source told the news website Axios, and is eyeing legal means to go after the online retail giant. + +> According to the Axios reporter Jonathan Swan, Trump believes Amazon is a negative force for smaller, locally owned retailers and wants to find a way to curtail the company's dominance in online shopping. According to Axios' sources, he is considering a change to Amazon's tax status or a crackdown down through antitrust rules. + +> The Supreme Court is already considering a case that could give states more power to collect sales tax on online retailers. + +> While Amazon already imposes the applicable state sales tax on goods it sells, when a third-party seller uses the platform, it is up to that seller to collect sales tax. Many third-party sellers on Amazon do not collect those taxes. + +> Trump hasn't been shy about his distaste for Amazon and its CEO, Jeff Bezos, previously tweeting that the retailer is hurting the US Postal Service and attacking Bezos for his ownership of The Washington Post. + +> "Amazon is doing great damage to tax paying retailers," Trump tweeted in August. "Towns, cities and states throughout the U.S. are being hurt - many jobs being lost!" + +> Concern over Amazon's effect on the American retail landscape is widely held. But Trump's grumblings about the company's relationship with the US Postal Service seem unfounded, given that much of the USPS' financial woes come from funding mismanagement, pension obligations, and the non-package side of its business. + +> According to Axios, Trump has also soured on Amazon in part because fellow real-estate developers have complained to Trump that the company is helping to kill off brick-and-mortar retailers and malls. + +> Axios said the president did not have a clear plan to go after the company yet. + +> Following the report, Amazon's stock fell roughly $64 a share, or 4.3%, in premarket trading to $1,433.05 a share. + +http://www.businessinsider.com/trump-amazon-wants-tax-antitrust-change-jeff-bezos-2018-3 +It seems all the pieces are coming together and it's only a matter of weeks if not days now. + +A quick recap of why your diamond boobies should be jacked: + + +* [Ryan Cohen Tweets yet another South Park reference where Apes discover that a message on the wall translates to "Oh My God, They've Killed Kenny"](https://old.reddit.com/r/Superstonk/comments/p2pbs5/ryan_cohen_on_twitter/) + +* [A short while later, it's discovered that Citadel \(Kennyboi & co.\) reached out to the Federal Reserve in a desperate effort to offload their junk bonds in return for liquidity support.](https://www.newyorkfed.org/markets/secondary-market-corporate-credit-facility/secondary-market-corporate-credit-facility-eligible-sellers#additions-and-removals) + +* [Reverse Repo at a **record** high and the 2nd day in a row that it's $1,000,000,000,000+ (yes, that's a trillion dollars) ](https://apps.newyorkfed.org/markets/autorates/temp) + +* [GME experienced an all-time record low in volume \(911,xxx\) yesterday with more than 42% of the volume being tossed into Dark Pools](https://chartexchange.com/symbol/nyse-gme/stats/) + +* [Daily Treasury Balance is on a downward spiral and is sitting at $389 B, down $27 B from yesterday. +](https://fsapps.fiscal.treasury.gov/dts/files/21081100.pdf) + + +The writing is on the wall, fam. Each day that passes, the bricks Citadel is built upon experiences another crack. It's only a matter of time before the empire of shit experiences a fatal fracture and it all comes crumbling down on Kenny's head. + +Your diamond boobies should be jacked, your diamond sacks should be plump, and your grandmother's butthole should be puckered in anticipation for the greatest fireworks show ever to be displayed. + + + +🚀🚀🚀🚀🚀🚀 +I’m a 44 year old single male UHNWI. Like most people, I’ve had several successful and unsuccessful romantic relationships with women, and none of them resulted in children. I’m at a crossroads, because I don’t want to miss out on the experience of raising children. And while I don’t have a biological clock, there’s also no immediate female partner as of now who would be both romantically compatible as well as ready, willing and able to have children with me. Certainly I can still develop this, but the timing of it is uncertain and unpredictable. I'm also more cautious now because it has been problematic for me in the past to enter into a marriage and later dissolve it if it doesn’t work out, given my financial status. I also want to avoid custody battles if things don't work out with the romantic partner. + +Lately I’ve looked into the obvious other choice: adoption. This is a good option but carries with it some complications, one of which is that adoption agencies don’t consider me to be the most ideal candidate (vs a married couple, for example). + +I’ve heard that some single men in my situation have opted for a surrogate along with an egg donor. There are agencies that handle both. This method seems to address all the issues that adoption has. + +My goal is not to be a single dad forever, so I’d probably be dating as a single dad initially, hopefully leading to a long term relationship or marriage (the woman might even have kids of her own). This is one complexity, but it seems addressable. Of course I’m also concerned that growing up with a single parent (and no mother) could negatively impact the psychology of the child. + +Has anyone tried this? Or am I just dreaming? Is this a realistic and reasonable idea? + +UPDATE: Already, some good points in the comment. For example, how would I provide real breast milk to the baby? Sure, you can buy donor breast milk, but it's not as good as the milk from the real mother. And it would be psychologically confusing for the baby to breast feed from a woman, but not bond with that woman. This alone seems like a setup for trust issues later in life. Maybe adoption is better, when the kid is already 5 or 6. But then, the child might have trauma from that early separation as well. (Although in that case, it's unavoidable since a kid who is up for adoption can't go back to not being adopted) + +UPDATE2: Thanks for all the helpful advice. One person said not to get twins. That is exactly what I had in mind, if I did this (or two kids rather, not necessarily twins). Because two children won't be twice the amount of work as one, and it makes sense to have more than one child if going through with this. + +UPDATE3: What about the impact of dating once I have young children through this method? I know plenty of single moms and dads date, but once people find out how I got these kids and why, I might look like a weirdo. +Read all Q2 reports for these, found all the dividends history, payout ratios, etc. This table does not take into account the type of properties, etc. Only the payout ratio (less than 100% = OK), if the dividends were increased in the last 5 years and if the share price increased, stayed stable(ish) or decreased in the last 5 years. + +Dark green is very good, light green is good, yellow it depends, red = GTFO. + +Will be interesting to update with Q3 results. + +https://preview.redd.it/pgva4wa4wcv51.png?width=827&format=png&auto=webp&s=7a90d2713ae1c82d75404f3277b5c251be87584f +I have some savings left. + +I do… + +I know some of you are fully liquidated but: + +I’m selling my fucking crypto + +I’m selling all other stock assets + +I’m selling useless junk I don’t need anymore on offer up or Craig’s list or some bullshit + +I’m going to a sperm bank gonna sell my seed + +I’m going to sell plasma + +I’m going to probably even **sell some ass** on the strip + +Come Monday morning, I’m going **TO FUCKING POUR EVERYTHING ELSE I HAVE TO MY NAME INTO GME**. + +See you all Monday on opening—with that usual sweet morning dip, those extra shares are going to taste mighty delicious. + +(Not financial advice.) + +**EDIT:** +didn’t expect this to **blow up** in the way that it did, I was, I am just absolutely taken aback by what this community stumbled upon. +The singular phrase that came to mind when reading all of this bullshit was: the more things *we think* change, the more they actually have stayed the same all along… + +I’m just tired, we’re all just tired of it: the corruption, the dishonesty, the mindless slavery to the system, most of us I’d like to think are just average Joe’s ya know? + +We need a win, all of us, the fucking world needs a win: +We need to prove it to ourselves and each other, that we are kind, compassionate, and selfless individuals. + +**Humanity was built on cooperation**, and somewhere down the lines, society made us very selfish creatures. + +When this thing pops off, we’ll have a chance to prove society and everyone else who thinks that way, that they are entirely mistaken. + +So you better **strap the fuck in**, build your goddamn resolve, and hodl. + +Whether you know it or not, this is not *just* for you: + +***it’s for everyone who’s ever been wronged by the system that’s said to uphold us.*** + +Cheers everyone, and truly, with all this support THANK YOU for building my resolve. It was unprecedented but highly appreciated. +I’m gonna unload everything I have in me Monday opening bell. + Bonfire is a frictionless, yield-generating contract that allows you to seek shelter amidst the chaos of the market. + +"The market can be a scary place. One day things seem perfectly fine, the next you're down 20%, ETH gas prices are $650, and it feels like the whole world is panic selling. You feel cold, alone, and afraid. That's why we're building a $BONFIRE. A comfy place for you to seek refuge from the storm outside, collect taxes as you hodl, and watch your profits soar. We've got a ton of partnerships and listings coming that we can't wait to announce. " + +**PURCHASE USING PANCAKESWAP VERSION 1** + +**STATS as of 5/14/2021** + +>Market cap: \~$250 Million AND CLIMBING ༄ ATH market cap: \~$500M +Almost 300,000 holders in under 4 weeks +Recently listed on Whitebit and DeCoin +Listed on CMC and CG +Video preview of beta app released + +USE CASES + +>A unique Launchpad project in development by the BONFIRE team. +**FireStarter is the second step towards building a BONFIRE dApp ecosystem.** +Video preview **of beta app RELEASED -** It will provide all the tools necessary for new projects to reach potential investors through initial coin offerings and initial decentralized exchange offerings. +**FireStarter is a platform that allows its users to invest in vetted and audited newly established projects in the form of a presale with a fixed token price, allowing the opportunity to buy tokens at a lower price than the listing price.** + +Q3 2021: BONFIRE NFT MARKET + +>**We are building a unique, frictionless NFT trading market,** where you can analyze, track, and discover valuable blockchain-based NFTs in real time. +**We have other amazing plans for the NFT market in general that are currently undisclosed.** Stay tuned! + +END OF YEAR GOAL + +>Our community will migrate to a fully functioning social media platform with an ecosystem running on BONFIRE token\*\* +We aim to implement **liquidity pools between friends, NFT AR/VR showrooms, full profiles, daily games, quests, and much more.** + +MORE INFORMATION + +>We have an incredibly transparent and genuine team, **and several devs have doxxed themselves.** They are all very active in the community on every social media platform. You can tell how invested and passionate they are about this project in the AMA (Ask Me Anything) videos. **We have a social media presence on Twitter, Reddit, TikTok, YouTube, Instagram, and Twitch.** Along with our official social media accounts, which can be found below, we have thousands of community members who contribute to promoting the coin. Our community is unlike any other, and we are all here for the long haul. We are here to support each other and have a good time on the way. + +OUR WEBSITE: [bonfiretoken.co](https://www.bonfiretoken.co/) + +>𝑳𝒊𝒗𝒆 𝒕𝒐𝒌𝒆𝒏 𝒊𝒏𝒇𝒐𝒓𝒎𝒂𝒕𝒊𝒐𝒏 +𝑾𝒉𝒊𝒕𝒆𝒑𝒂𝒑𝒆𝒓 +𝑹𝒐𝒂𝒅𝒎𝒂𝒑 +��𝒙𝒕𝒆𝒓𝒏𝒂𝒍 𝒂𝒖𝒅𝒊𝒕 +𝑴𝒆𝒆𝒕 𝒕𝒉𝒆 𝒕𝒆𝒂𝒎 + +JOIN THE DISCUSSION + +>[𝑫𝒊𝒔𝒄𝒐𝒓𝒅](https://discord.gg/bonfire) +[𝑻𝒆𝒍𝒆𝒈𝒓𝒂𝒎](https://t.me/BonfireTG) + +SOCIAL MEDIA LINKS + +>[𝑻𝒘𝒊𝒕𝒕𝒆𝒓](https://twitter.com/token_bonfire?s=21) | [u/token\_bonfire](https://www.reddit.com/u/token_bonfire/) +[𝒀𝒐𝒖𝑻𝒖𝒃𝒆](https://youtube.com/channel/UCy6OaZjILnABwiQgCzc51Lg) Bonfire Token +[𝑹𝒆𝒅𝒅𝒊𝒕](https://www.reddit.com/r/BonfireToken/) | [r/BonfireToken](https://www.reddit.com/r/BonfireToken/) +[𝑻𝒊𝒌𝑻𝒐𝒌](https://www.tiktok.com/@bonfiretoken) | [u/bonfiretoken](https://www.reddit.com/u/bonfiretoken/) +[𝑻𝒘𝒊𝒕𝒄𝒉](https://www.twitch.tv/bonfire_token) | [u/bonfire\_token](https://www.reddit.com/u/bonfire_token/) +[𝑰𝒏𝒔𝒕𝒂𝒈𝒓𝒂𝒎](https://instagram.com/bonfiretoken?igshid=4js5c4zkevif) | [u/bonfiretoken](https://www.reddit.com/u/bonfiretoken/) + +AMA LINKS + +>[4/25/21 | YouTube](https://youtu.be/mDGU00LkjNo) +[4/28/21 | YouTube](https://youtu.be/2gHeLVx8P3k) +[5/1/21 | YouTube](https://youtu.be/n2BeuqgQSmU) +5/4/21 | [YouTube](https://youtu.be/Gg6pZ0mJzI8) | [Twitch](https://www.twitch.tv/videos/1011099228) +[5/12/21 Q&A | Youtube](https://www.youtube.com/watch?v=68yCbvZS3g0) +Several days ago, Ryan Cohen bought 100,000 shares of GameStop, around the $100 range. + +Wow, ridiculous buy right? Around $10 million dollars. + +\- HOWEVER - + +Ryan Cohen (RC Ventures) is already a massive shareholder as everyone here already knows. + +100,000 shares is a drop in the bucket when you had 9,001,000 to begin with. + +9,001,000 -> 9,101,000 is a very insignificant change, he only added a little over 1% to his total position. + +The REAL significance to his $10 million dollar buy, was to indicate that even at $100/share, this was STILL a good value, and to show his loyal followers and investors to have faith, that even at it's current share price, the stock still had value. + +He gave us the green light, big things are happening, and even at $100/share, significantly over where analysts say it should be, it's still a buy. He can't directly say "GME IS A BUY EVEN AT THIS PRICE", so the best way he can legally do it, is by doing exactly what he did. Buying it himself, $10mil worth. +I own my current home. No mortgage. It’s worth about $220k and could potentially rent for $1500-2000/month. + +I’m brand new to real estate investing. I always planned to rent this house when I move to a bigger house in a few years after wife and I start a family. + +I planned to pay a property management company to handle it and then use the profits to help pay for next house’s mortgage. + +Is this a good way to get my feet wet with real estate? +A lot of people in here seem to want to celebrate "self-made wealth" and put down people with inter-generational wealth. + +To me, having inter-generational wealth to pass down is my personal success measure as a parent. I dont see it as being a negative at all. + +As a side note, the system isn't designed to support self-made wealth, and most people have had at least some support from their parents... which is part of the role of being a parent. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +### Disclaimer: +I am not a financial advisor and this is not financial advice. I barely understand how the stock market works. Professionally I'm a network security researcher -- my job is to find and explain vulnerabilities in other complicated systems that my smooth brain barely understands. + +--------- + +Guess what you fucking idiot -- you aren't allowed to collapse the entire financial market in less than a week using a phone app. It takes more time. + +--------- + +# There are likely several million new synthetic longs of $GME, diluting the market, that were created on 01/28/21. + +They were created by a market maker (or possibly several market makers) to stop the beginning of a short squeeze that would have bankrupted hedge funds if a margin call hit them, which ultimately could have financially impacted those market makers once liability for the shares was transferred. These shares weren't borrowed from anyone. They're imaginary. Pure fiction. A promise only a handful of entities can make. + +The reason they did this was to buy time to save their own asses. [The reason they were allowed to do this is because regulations let them](http://counterfeitingstock.com/CS2.0/CounterfeitingStock.html). + +The creators of those shares have 21 days to deliver. Until then, they aren't paying interest. There isn't a public record of their creation -- the closest insight we have to the number of synthetic longs in existence for $GME are the [failure-to-deliver numbers](https://old.reddit.com/r/wallstreetbets/comments/l97ykd/the_real_reason_wall_street_is_terrified_of_the/), and $GME is a major outlier in that field. A fucking terrifying outlier. + +We aren't bleeding out a hedge fund by holding. Melvin very likely *is* out of their position after losing half of their fund. There aren't 'new shorts replacing the old'. Instead, a buffer of imaginary stock was created by a market maker to 'flatten the curve' when a massive number of shorts had to cover once retail buyers started rushing in. + +--------- + +# That's why you aren't seeing short interest increase even though there aren't any short shares left to borrow. + +**These assholes are praying that in the next month, retail buyers get scared, bored, or distracted.** They're spreading FUD, attacking with short ladders, hoping you watch the short interest drop and think it's over. They're counting on you to sell your $GME at a bargain rate so you can pay rent, because they think *you're just fucking retail scum betting on a shit company,* and they've been playing this game longer than you've been alive. + +They're also counting on you to obsess over things you can measure that they can hide. They want you to set rules and limits on when you're going to run away. + +--------- + +# Simultaneous to the creation of these synthetic longs, DTCC increased collateral requirements on 01/28/21 to purchase $GME to 100%. + +This led smaller brokers like Robinhood to restrict trading, depressing the price, conveniently making it less expensive for market makers to recover their synthetic longs. + +**The people that pushed this collateral increase knew exactly what would happen**, because *it's their job* to know what the impact will be when they make changes like this. + +DTCC openly stated they increased collateral requirements for $GME to reduce risk to their organization. **DTCC recognized financial liability in this squeeze could eventually reach clearinghouses if the market makers went bankrupt.** They know exactly what the failure-to-deliver numbers mean for this security. + +It's possible that DTCC created new collateral requirements in coordination with the flood of synthetic longs explicitly to make it easier to recover those shares. It is also possible these actions were taken without any coordination with market makers, because DTCC knows it could have dampened and stretched out a squeeze through this act alone. + +**Their strategy is to stretch out a short squeeze into a 'long high' they can recover from if retail shares are sold over time, since retail can't buy them back.** + +And the people working at DTCC likely rationalized this was 'the right thing to do' -- to prevent a systemic failure that could have impacted the entire stock market -- because preventing systemic failures is the only reason organizations like DTCC exist. + +Meanwhile, Robinhood -- the smallest player in the game -- honestly DTCC's buttboy in this scheme -- is going to be grilled by Congress over this shit. + +--------- + +# Did you think we were the only ones that saw a black swan event coming when we bought shares? + +The root problem is there are several players in the market capable of creating new shares without paying interest, capable of restricting trading -- and they all face severe financial liabilities if a squeeze happens. They want to turn the squeeze into a slow burn so the damage doesn't hit them. + +If we continue to hold, a squeeze could happen sometime around or after Feb 18th, or another market maker could create *even more* synthetic longs to dilute the market, passing the hot potato. This could make their problem even worse once *those shares* are bought and held. + +This could continue for an extremely long period of time until a financial regulator steps in and forces them to buy the shares they've sold. + +--------- + +**TL;DR**: + +WSB is being made into a fall guy for the collapse of the market due to the creation of a massive number of preexisting synthetic longs that were bought and held. To fix it, market makers decided to make more, but their cure is also a poison they can't stop taking. + +**Strategy**: + +Hold your positions, buy at any price you can afford to hold forever, and hope that retail owns more shares than the total number that exist for $GME. Contact the SEC and ask them to investigate and to halt trading of $GME -- time is on your side if the clock ticks down the deadlines for market makers, while the stock cannot be sold by paper hands. + +**Postitions**: + +100 $GME 💎🙌 -- but only holding for $10,000/share -- I'm not so greedy that I want the entire market to collapse. +Everyone, + +TIME is the enemy of Wall Street. They’re running like a chicken with no head. They have to COVER and pay INTEREST!! + +AS LONG AS YOU HOLD AND DONT SELL, those big dips are NOT REALIZED LOSSES! They’re just psychological losses to make you DOUBT AND SELL! + +Brokers restricting PURCHASE of these stocks is creating an UNFAIR ratio of SUPPLY and due to the restriction of stock it creates a LOW DEMAND! Therefore when there’s a big supply and low demand is when the stock price goes down. However, there is A LOT OF DEMAND and that’s why they’re playing DIRTY and restricted purchase to CREATE A FAKE LOW DEMAND! That’s why there are lawsuits. + +1) HOLD AND BUY THE DIPS + +2) DONT LET WALL STREET BULLY YOU + +3) AS DAY PASSES WALL STREET CONTINUE TO BLEED since they have to cover and pay interest + +4)HOLD AND BUY🚀🚀🚀🚀🚀🌕 + +5)REMOVE YOUR STOP LOSSES❗️❗️❗️❗️❗️ + +6) SET LIMIT AS HIGH AS YIU CAN + +7) DO NOT LOCK IN GAINS because you want to BUY DIPS. With the restriction, this strategy is not plausible + +8) AMC/GME ruled out bankruptcy so your stock won’t be $0 + +9) DOUBLE CHECK any news or analyst or posts as they may try to scare you with fake facts. Do your own DD + +10) think positive of the BIG REWARD. You CANT lose more than your total investment but GAINS ARE LIMITLESS and this is what’s SCARING wallstreet. (Example if you invested 10k, all you would lose would be 10k but could be walking away with 100k, 1 million , 10 million depending on the resilience of all of us to BUY AND HOLD🚀🚀🚀🚀🚀🚀🚀🚀🌕) + +11) Check (barstool el presidente) David Portnoy’s videos where he simplified and explains the illegal shit wallstreet is doing. Gotta love this man +Started 1 year ago.... Today I hit 100/month dividends (on average, so it's 1200/year). + +Now remembering, last December I had 5.11 CAD, this December I'm at 172 (mar-jun-sep-dec are my heavy paying months) + +This is only in my TFSA portfolio which consists of 1 stock of each sector: BMO, ENB, FTS, KL, QSR, REI-U, SRU.UN, T, TIH. Outside of that I also have an RRSP (ETFs), employer ESPP and Crypto. + +I guess what I'm trying to say is stick in there, the results will come as you progress and you will see the effects. I'm far from the snowball effect taking place, but the feel of the snowball in motion is starting! This was a short term goal of mine when I started, and now my next goal is to double this in the next year. I didn't start with these stocks, but as many others, I put focus to my portfolio back in March and chose this. Since then I've been hit with 1 cut by Rio, but it only delayed my achievement a short while. + +*Keep your eye on the prize, DCA, and let time do its thing* + +All the best to all of you for 2021 hope it's safe and full of dividends! +From Weimar Germany to the Great Depression to stagflation to the collapse of the USSR to the Great Recession, is there something that links these and other large economic downturns or cases of hyperinflation? In other words, what do they all have in common? + +Context: Moving into UK with my wife and a little baby. Wife will look for a job as she is in finance sector. I have got two offers as said in the title. + +The parameters I am looking for are: +Liveability +Global Exposure +Job prospects for my wife +Good school for my kid +Enough savings to keep for the future +Comfortable living + +I know this maynot be the best time to move to UK. But honestly, I come from a third world country where my wife doesnt feel safe walking out of home after 8pm so trust me when I say this - quality of life in UK will be better than where I am now. And I need more global work exposure. + + +PS: I have no intention to brag about my salary and I dont even think my salary is worth bragging about. I am genuinely curious and want to make a choice from people who live in UK. Apologies if I made anyone unhappy. +Hi community! + +I hope this is not against the rules and i try to keep it very short and simple, although this story has many angles and long controversial history. + +There is this hypothetical theory (supported by legal documents, such as NYAG, academic studies etc.), that whole cryptocurrency asset class, which as we know, operates almost completely separate from traditional financial systems, only connected by fiat gateways between fiat <> crypto asset class, controlled by trading exchanges. + +Now the theory goes, that crypto ecosystem essentially has something similar to Federal reserve, controlled by few shady or even bad actors, which is usually known as Tether treasury. Throughout its start in 2014 until 2020 beginning, this entity had generated \~4B USD equivalent of tethers/USDT, which are stable coins said to have backing 1:1 with USD. Even back in 2017 crypto mania, through whole year, Tether Treasury printed around 1.3B USDT and even back then they were playing cat and mouse with law enforcement and in certain circles, were blamed for unbacked printing and acting as a support, wash trading and overall artificially inflating the price to cause retail participants to buy into the system. + +Through year 2018 Treasury did not print almost nothing and 2018 was also the period, where market crashed almost 90%. + +2019 H1 was when Tether Treasury printed around 2.5B additional USDT and 2019 was also the year, where prices almost tripled for major currencies. + +Now here where it gets more interesting. At the beginning of 2020, after the March global crash, Tether Treasury swiftly started to print exponential amounts of tethers/USDT. Each time price of BTC was closing in on long multi year support for example, transactions could be observed, where Tether treasury send billions of USDT into major exchanges and minutes after, price saw a recovery. Now in 2021, \~YoY this entity has gone from 4B USDT in circulating supply to \~57B in circulating supply (perhaps noteworthy, that whole asset class now has around 90B worth of these stable coins with different flavors, many of which did not exist in 2017). + +After all these years, Tether treasury has yet to have zero audits to show what it holds as a collateral. If this "conspiracy" theory holds true, this entity has used tens of billions worth of USD, to artificially inflate crypto prices by purchasing different flavors of crypto assets off the exchanges and other than empty air, also claims those crypto assets as backing for their 57B worth of USD. + +The Bitfinex exchange/Tether treasury was the subject of a lawsuit ([https://ag.ny.gov/press-release/2021/attorney-general-james-ends-virtual-currency-trading-platform-bitfinexs-illegal](https://ag.ny.gov/press-release/2021/attorney-general-james-ends-virtual-currency-trading-platform-bitfinexs-illegal)) by the New York Attorney General of using Tether's funds to cover up $850 million in funds missing since mid-2018. According to the New York Attorney General, "Tether’s claims that its virtual currency was fully backed by U.S. dollars at all times was a lie". As part of this settlement agreement ([https://ag.ny.gov/sites/default/files/2021.02.17\_-\_settlement\_agreement\_-\_execution\_version.b-t\_signed-c2\_oag\_signed.pdf](https://ag.ny.gov/sites/default/files/2021.02.17_-_settlement_agreement_-_execution_version.b-t_signed-c2_oag_signed.pdf)), in which they were fined 18.5 USD back in January, they were given 90 days to report on what exactly do they have as a backing as their 57B usd worth of tokens. + +&#x200B; + +Finally i get to my question. + +1) If Tether treasury really have been printing and artificially inflating prices, what are the consequences for crypto trading exchanges that have been allowing withdrawals of unbacked USD into traditional markets through market participants? If there really is a tens of billions worth of empty air in the asset class accounting numbers, how long can exchanges allow withdrawals if real fiat money going in to exchanges vs fiat money moving outside, is highly negative? So far it has not been much of a problem, as bull market overall means that people do not want to withdraw their numbers on screen, and due to significant retail interest, i would imagine money moving out of exchanges vs into the exchanges is now still positive, but eventually when tides turn and prices retrace, people sentiment changes, bear market returns and people start rushing into withdrawing their money, is where i personally think there might be some serious insolvency concerns by major exchanges? + +Here is another simplistic way of describing what i am trying to ask. If all crypto exchanges decide, lets say as bad actors, hypothetically, majority agreeing to participate, as a seperate system from traditional markets, that they now artificially in their accounting systems generate 50B additional dollars without much to nothing backing it and start to withdraw these billions. What systems, rules are there in traditional banking systems, that eventually start the alarm/question by traditional banks that "hey, where are all those tens of billions of withdrawals coming from?" Lets say crypto asset class total accounting numbers has artificially additional 1B, divided between bad actors, withdrawing it might go unnoticed, but lets say what about 5B, or 10, or let alone 57B, something has to give in Layman's terms. + +I am genuinely curious, but as i do not know much about accounting and bank systems, i also have limited understanding of how this world works so i apologize if i get something very wrong. + +If you take time to read and answer, it is much appreciated! +I am needing to withdraw money from a previous work retirement account. Just verifying, from what I have read online, that I would need to pay a 10% penalty and then add the money I took out to my income when I do my taxes? So if I close the account and withdraw $15,000 then I would pay $1500 for the penalty and then add $15,000 to my taxable wages/income when I do my taxes. Has anyone out there done this and does it sound right or is there something else I am missing? Thank you. +If you're like me and tired of 💩 shit-fart-dog-rocket-moon coins 💩 listen up... + +$Lucky Neko's launching on 📅 June 28 on DX Sale 📅 + +Presale is gonna be packed. The group is almost at 2K. (You're lucky if you're able to ape in 😸) + +This cute little kitty 😺 has come up all the way from Japan to reward its HOLDERS once and for all. + +Diamond hands all aboard 💎 Paper hands GTFO ❌ + +Forecast: 100X On this right after the presale. + +Don't take my word for it. Check this out:  + +💎 Diamond Tokenomics 💎 + +• 5% Liquidity Pool +• 2% Jackpot Pool +• 2% Marketing Wallet +• 1% Burned (To ashes) +• Total Supply: 1 Quadrillion $LUCKY + +🚀 Awesome Airdrop 🚀 + +• 20 Trillion Tokens +• 100 Winners  +• 5BNB worth of Lucky / Winner +• Link pinned in Telegram and Twitter + +💣 Huge Marketing 💣 + +• PooCoin  +• Twitter & Telegram +• Big influencers +• Coin Sniper & Coin Hunt +• Coin Market Cap & Coin Gecko +• Voice AMA  + +🌐 Don't Delay - Jump In 🌐 + +Website: https://luckyneko.co + +Telegram: https://t.me/luckynekobsc + +Twitter: https://twitter.com/LuckyNekoBSC +I’ve never considered myself to be great with money. Over the years I decided to become more diligent and as a result have recently hit $100k in savings. + +While I’m proud of this achievement, I notice that I’m not as happy as I used to be. I have money on my mind a lot and also tend to live a lot less courageously. + +Does anyone else feel that their preoccupation with wealth encourages them to live a less interesting or fulfilling life? +I’m in college right now and at a point where I can easily sublet my apartment if needed. If there’s a recession I don’t want to pay this crazy high rent and tuition. I already have anxiety around my savings and not being very financially literate +My car loan was paid off by the maturity date. Today, I was reported by the bureaus that I have a late payment. My scores dropped significantly into the 600s. What can I do to report this error?? +With the market’s very negative reaction to the UK’s new unveiling of tax cuts, I was wondering if their assessment was correct. I believe it’s been widely accepted that the UKs high inflation, is less sticky than it is in say the USA, as it is a supply side caused due to the UKs reliance on imports. The fast raising of interest rates is also widely accepted to bring about a recession if it already hasn’t already. If we are to assume that over the next year Europe’s natural gas prices will reduce, as well as other commodities, isn’t it good to also have some stimulating effects on the economy that will ease the coming recession? +I’m selling the final shares I hold in my biz and will have around 600k in cash. Registered plans are topped up for the wife and I. + +I suspect I’ll largely live off a the cash for say 10 years or so for tax reasons, but it still has to be invested. My wife wants to go ultra conservative, but I hate the idea of leaving money on the table. + +What routes would you suggest to protect the capital and still earn a little something that’ll outpace inflation? +I would not say I am in poverty anymore, as I have been working full-time for a few years, but it's still a low salary and I have to rent with ridiculous monthly payments for bills and rent. When I was at university, however, I had no contact with family and lived in poverty for many years. The effect on my mental health, even now, has been quite strong and I feel great resentment towards people who have never struggled. I think one way of trying to cope with it was to think that everyone started off at the very bottom and had to go through such hard experiences, but the reality is that it simply isn't true. How do you get over this feeling? +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Thank you in advance for your participation. Enjoy! + +I'm hoping this post is allowed in this sub + + +So, i was thinking which would be the best way to optimise credit cards for cashbacks. + +1. I have ICiCI cc for all Amazon transactions, i get 3% cashbacks.I do all buyings from this site and as there is no yearly charges it doesn't affect me when I have dry months. + + +2. In a year I do 20-30k in flight fares on outside platforms (i don't get any cashbacks for it) + +3. Transactions on suiggy zomattio are mostly cod + +4. I make payments of the credit card bill. + + +Is there any way I can get cashbacks for #2 and #4(any other options than cred, preferably cashback by bank itself) + +Just a note, in no way I am of the philosophy of getting multiple cc or purposefully making transactions for cashbacks. I have limited expenditure and was wondering if other people have multiple credit cards or any thing they do to optimise their spendings + +Thanks in advance! +[https://www.bloomberg.com/news/articles/2021-03-29/real-estate-investors-grow-desperate-to-spend-250-billion-hoard](https://www.bloomberg.com/news/articles/2021-03-29/real-estate-investors-grow-desperate-to-spend-250-billion-hoard) + 📯New-Update we asked the community and we listen to them we changed our Tokenomics to best work for the community it was voted on and passed. + +Even though we all know the market is pulling back a bit and hopefully soon it will bounce back up, this does not deture us from working ont he project and we will keeping working on it everyday as we have been. + +Exciting NEWs 📰 + +1. On CMC +2. Nesi.code video TikTok Live +3. Crypto Peak Youtube Video Live +4. UpNextCrypto coming.. video just need to be listed but is done. +5. Close to being done with our Cheechange wallet. +6. Spanish Youtube Video coming Tuesday +7. Constantly talking to new influencers and more are being added + +LAMBO in NYC, with Cheecoin LOGO coming, rented with Devs own money for a cool new way of advertising + +JUICY medium article check it out + +[https://cheecoin.medium.com/cheecoin-weekly-update-9543cbb10a50](https://cheecoin.medium.com/cheecoin-weekly-update-9543cbb10a50) + +Market is down but our spirit and devotion to Cheecoin and further development of the brand will never falter, we will keep on moving forward and not stop because we want to be one of the best tokens on BSC. + +🐱 Welcome Cheecoin. Hollywood VFX meets Animal Charity. The most versatile utility token on blockchain And guess what. It's also not susceptible to flash loan attacks because of our 10% sell cap per wallet. BOOM. Non stop marketing through the dip. Cant stop, wont stop. + +💰Coin Market Cap - we are on it now, just pending to be tracked💰 + +Up Next Crypto Video Drop + +Nesi Influencer Video Drop + +Multi language Youtube drops + +Cheecoin has merged top level design and Hollywood VFX with blockchain while also donating to dedicated charities and actively working with them to better the world for pets. + +The Cheecoin team is made up of world famous VFX artists, established multi mullion dollar business owners, hedge fund analysts and code experts. The head of Dreamworks Virtual Production dept is a dev and so is award winning VFX artist and business owner Brendan ONeil. + +Credits and clients include: The Matrix, The Matrix II, The Matrix III, Watchmen, Rise of Planet of the Apes, I am Legend, Spiderman, Beowulf, gravity, Interstellar, The Crown, Harry Potter, Gladiator and works with brands such as Nike, Paypal, Subway, Movado, Levis, Nvidia, Synders, Frito-Lay, Coc-a-cola, Pepsi co, Charles Schwab Investing, Lending Tree, Victorias Secret, Uniqlo, The Gap, Banana Republic, Best Buy, Samsung, Google, Facebook and more. + +The Cheecoin team loves animals and CHEE himself who is in fact a real cat was saved by charity donations from the very charity Cheecoin has started to support and already donated to. Baby Chee almost died but after $8,000 of surgery bossman Chee got to keep 8 of his 9 lives and we love him so much! Cheecoin now covers vet bills for surgeries and hospital care for feral and domesticated animals and pets. We work closely with charity organization Little Wanderers NYC and 2 new charities we have just added. Through them we can track our donations ($7,000) and get to follow each animal we help on our website and through their fosters and new owners. It's an amazing process to see each animal we help instead not knowing where the money is headed. We work closely to make sure the funds are used ONLY on animal vet bills and the support for the charities to continue operating. They are 100% non profit and run my people who have day jobs. They devote their free time and lives to helping these needy animals. Please donate to them if you cannot buy $CHEE. They need the help and that is what this is about: [https://littlewanderersnycdotorg.wordpress.com/](https://littlewanderersnycdotorg.wordpress.com/) + +The NFT marketplace will feature exclusive NFTs ranging from still images and photos, to expansive game worlds and levels or CGI experiences and animations. There is no limit to what Cheecoin will achieve and we plan to push the boundaries of user experience by combining the highest level visuals with the newest and cutting edge technology. We are leaders in innovation and workflows as a group hold collectively over 100 patents. Chee coin is also in development of AR NFT galleries where you can view artwork on mobile in your own home :) + +The Cheecoin team projects in Development (subject to some changes) + +CheeChange Mobile and Desktop Wallet – This MetaMask equivalent will be Chee branded and set for $CHEE and BNB, Bitcoin, ETH, and a few more directly. You can add other tokens on BSC as well! + +Cheecoin.com pancake direct buy. – You will soon be able to buy and sell $Chee to BNB directly on our website via Pancakeswap DEX. UI has been voted on and Scifi theme won! + +NFT marketplace – The marketplace is being coded and built now! You will be able to buy and sell NFTs with $CHEE directly on our web browser NFT marketplace. All NFTS purchased can be upgraded to holographic displays with unique signatures and in home display functions. We will deliver them to you and make sure it all works. + +AI driven collectibles and rare trading card games where you can battle Little Creatures and earn $CHEE + +NFT Gallery one-stop shop - Here you will be able to access a 3D CGI art gallery set in a scifi future world. You can browse different pieces and experience them in 3D. This is brought to you by pixel streaming via Unreal Engine and will be up soon. From the stream you will be able to link and buy NFTs from you CheeChange wallet. Users who wish can also purchase VR facewear to experience our gallery in VR and fully immersive themselves in their NFT experience. + +Cheecoin Sponsor VR and AR events – Cheecoin will sponsor different musical artists and help built their VR/AR experiences for the most amazing stay at home fully immersive ready player one events and experiences. Cheecoin will take users to the next level and all in the name of charity. + +SpaceChee Mobile Game Metaverse – Cheecoin knows user experience is important and because of that we have been developing via Unreal Engine a subway surfer coin collection game on OS and Andorid where users can collect coins in the game and then cash them out for NFTs and other amazing prizes. We have a whole series of other games in the works including a 1st person AAA shooter. The in game currency will be cross game transferable. + +Space Chee TV Series – Yes its true. We are developing a fully animated TV series called SpaceChee. Aimed for children it will have real world lessons and values built into a scifi adventure narrative and follow a team of galactic good guys as they hunt down the evil ShibaSrinu destroyer of worlds. No joke. Wait and see. We got the chops. We got the connections. Greenlight and go. + +Merch and Products – We got it all. Blankets, Clothing, Hats, Kicks, Wallets, Sunglasses, Plush toys,Figures, Cats to adopt that you get paid for if you hold Chee at X amount. + +Adoption Perks – Cheecoin will pay for your adoption and initial vet bills if you adopt through our program and use $CHEE for all transactions + +💎 SUPPORT AND HODL HERE 🙏: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x93e24685e41ca82fd7a66a69c64f3decac789281](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x93e24685e41ca82fd7a66a69c64f3decac789281) + +🙏 Charity Partner Little Wanderers NYC + +🧑 - Doxed Dev and team (LinkedIn) + +💎 – 5700 Chee family members + +💰 - $7000 donated already! You can verify it. + +🎁 4% back to holders + +🤝‍ 1% back to charity (for now we disabled it so it doesn't get to big, it benefits the holders) + +💧 4% back to LP + +😸 10% of NFTs go to Charity + +🔥 25,000,000 supply BURNED: + +🔧 10% sell cap until until you have 50k Chee or less (per transaction) + +📁 Audit completed by TechRate (On Website) + +🔐 Locked LP 35 years + +💰 Purchase it on PancakeSwap V2 + +⚙️ Set Slippage to 10% + +📊 [Chart](https://dex.guru/token/0x93e24685e41ca82fd7a66a69c64f3decac789281-bsc) + +🦎 [Coingecko](https://www.coingecko.com/en/coins/cheecoin) + +🐦 [Twitter](https://twitter.com/Cheecoin) + +🌎 [Telegram](https://t.me/cheecoinchat) + +🌎 [Website](https://cheecoin.com/) + +🌎 [Discord](https://discord.gg/Wk847NVb) + +🌎 [Reddit](https://www.reddit.com/r/Cheecoin/) + +📜 Contract - 0x93e24685e41ca82fd7a66a69c64f3decac789281 +**TA;DR: Computer man makes computer translate Hedgie speak. Look at pretty graphs with Emojis.** + +**TL;DR: I made a python script that summarizes and translates market maker signals into English. I made graphs of what today looked like.** + +# 0. Intro + +Market maker signals have been talked about before, and had the kinda "trust me bro" vibe, so i set out to test if the thesis was true. + +Not all apes have access to the L2 data, and it can be cluttered to look at and translate. Well these signals are made by a computer so it is only natural a computer would be the best one to translate it to human. + +I made a script in Python that gets data from Webull (Level 2 and trades) it then looks for known signals, logs them and prints them to the terminal. + +At first I just streamed it so you could see it "real-time" to Youtube (Here is today [https://www.youtube.com/watch?v=BV4dzS4Qfks](https://www.youtube.com/watch?v=BV4dzS4Qfks)), someone on twatter suggested I log them and post the results here. + +# 1. The signals and their meaning + +[https://otc.financial/list-of-market-maker-signals/](https://otc.financial/list-of-market-maker-signals/) + +https://preview.redd.it/1py1rd0tbku81.png?width=742&format=png&auto=webp&s=1780559f0710b7df96dfa60947992a8cc7e14b22 + +I have the L2 data laid out like this: + +https://preview.redd.it/yfxi0bcceku81.png?width=640&format=png&auto=webp&s=566e6a9871d6e742d4c8af524725780c310de46c + +They update live, and change periodically through out the day. When there is a run you usually see 700's(move the price up) and then 1000's(Don't let it run) when they want to kill it. + +Above that I have the trades coming in and they are translated into English, whenever they send a 600 signal(Apply resistance at ASK) the price usually doesn't rise above/below that. + +https://preview.redd.it/ewkflgitfku81.png?width=636&format=png&auto=webp&s=f09cd2475b13732637df02fba59729da50ace6a3 + +Most of the time it is just 100's(I need shares also a standard lot) and 200's (I badly need shares) so I don't log these because they always need shares. + +# 2. The graph + +I used the trades I had logged and plotly to make a nice graph, x is time, y is price, the candles are 1m. I did not include all the signals in the graphs below to keep this from getting too long. I apologize that some signals are hard to see, i am a programmer not a designer. + +The nice thing about plotly is that you can export it as an HTML file and host it somewhere, sorry the link looks shady but it is intractable [https://csb-81vzf0.netlify.app/](https://csb-81vzf0.netlify.app/) + +Full graph with all the signals. + +https://preview.redd.it/vmordy26iku81.png?width=1920&format=png&auto=webp&s=8e11c77173f75bbb580e0365ecd82bcda001a217 + + +Here is the 300's (Take it down) + +https://preview.redd.it/5ph5reztgku81.png?width=1920&format=png&auto=webp&s=3314bf7623712230320fa4e48f3cd3567afc2124 + +The 400's (Trade it sideways) + +https://preview.redd.it/4ll0zs9zgku81.png?width=1920&format=png&auto=webp&s=d2285617a77c3e530599760da7eb85ba5e9baa19 + +The 500's (Gap the stock) + +https://preview.redd.it/ddly4b39hku81.png?width=1920&format=png&auto=webp&s=d5b0bba435650c202fbec8525de39530e16f6927 + +The 600's (Apply resistance) + +https://preview.redd.it/wnazrbpdhku81.png?width=1920&format=png&auto=webp&s=c6873b261e72993046ba1f0dac9829375cc830e9 + +The 700's (Move the price up) + +https://preview.redd.it/v76w9uylhku81.png?width=1920&format=png&auto=webp&s=cf858d506cb52daf847a03429964123b035309b2 + +The 1000's(Don't let it run) + +https://preview.redd.it/5hifb4kqhku81.png?width=1920&format=png&auto=webp&s=be11db7f3e444a24c41dda10cefd5ea5f8cd1ad4 + +I am still hoping that i will see some 911 signals and then some news to really confirm if these signals actually work. + +# 3. Conclusion + +I think they track pretty well what is going on with the stock, although some signals are ignored, they seem to tell the stock what to do. It may be chance, and i am not good enough at coding to say if it is. + +Of course the signals follow the price, they are trades so they kinda have to, but it what comes after them that counts. + +I will continue to stream this on Youtube, and if people want i can post these graphs daily. + +If you guys have any suggestions or feedback, it is more than welcomed! + +Mods: I don't know if this is DD so that's why i chose that flair, feel free to change it if you feel it should be something else <3 +...we forgot to congratulate ourselves. + +As Dr. Trimbath aka Queen Kong mentioned in her book, the way HF gets company go bankrupt is by making it hard for them to raise extra capital. + +Only though our sheer determination and calm WE are part of the reason GME managed to raise so much cash. + +Dont get me wrong, BoD are doing all of the the hard work by placing their 4-D chess moves BUT its easier to play that game when one VARIABLE becomes a CONSTANT and this constant is US (BUY & HODL). + +And throughout my whole 6-month professional career as a value investor Ive never seen the such level of trust between the shareholders and the board of directors. + +I dont trust DTCC, NSCC and SEC- they can munch on my 2-inch pecker. + +I dont care if MOASS will play out tomorrow or next year, I have a full trust that RC main concern is the future of GameStop and also its shareholders. + +We are no longer retards. We dont place bets on duds like WSB. We are APES. APES TOGETHER STRONG! + +I LOVE YOU ALL. +What would be the advice you'd give someone in this position? + +I'm currently in a pretty temporary living situation, and am looking to buy a house by myself in the next 3-12 months. + +Ideally I'd love to be completed and moved in somewhere by the start of summer 23. + +I currently have a deposit sitting in a monzo savings pot gaining some interest, but with the news on the budget as it was. I'm concerned about my ongoing affordability given the wage erosion from the weakening pound and inflation. + +My strategy at the moment is +- Continue saving into SS ISA/SIPP as normal +- Build a larger emergency fund, just in case +- Start looking at houses around Xmas/new year time and look to buy ASAP, somewhere ideally chain free +- Go for a 5 year fix mortgage as and when I find a house +- Buy something smaller and less extravagant than maybe what I would have truly wanted. But given the cost of living/energy/likely interest rises. Probably wise. + +Is there anything else specifically you would do, or importantly, not do in order to protect the savings I have and put my best foot forward onto the property ladder? + +Thanks all +Reference price: **$42,523.40** + +[Data will be sourced from CoinGecko](https://www.coingecko.com/en/coins/bitcoin) + +**FILTERING CRITERIA: 1w, USD, Linear Chart, Close Chart** + +Winning results will be based on the price **at 12 pm PDT on October 4th.** Results of the prediction will be revealed **between 11:59 AM PDT and 11:59 PM PDT the day after the prediction date.** + +[View Poll](https://www.reddit.com/poll/pvkqea) +There is a report from Reuters that the govt has asked RBI to intervene to lower bond yields which have spiked. + +>India has asked its central bank to either buy back government bonds or conduct open market operations to cool yields that have hit their highest since 2019 ... + +>"The discussion with the RBI (Reserve Bank of India) is at an advanced stage as current yields are not at comfortable levels," the government official, with direct knowledge of the matter, said on condition of anonymity. + +>New Delhi also expects the RBI to intervene in the rupee market to contain volatility after the currency closed at its lowest level of 77.47 against the dollar, the government official said. + +>Foreign portfolio investors have sold $697 million of government securities since April 1 and $1.18 billion this year in total, according to traders. +> +>"I have exited India completely for now," one trader with a foreign fund, who did not want to be named, told Reuters. He has sold $200 million of government securities and $70 million of equities. +> +>"RBI needs to raise more rates to fight inflation." +> +>He also said the RBI's intervention in the market was not sustainable as forex reserves were depleting, and that he would re-enter the market only after the central bank raises rates further and the rupee closes in toward 80 against the dollar. + +[https://www.reuters.com/world/india/india-wants-cenbank-lower-bond-yields-government-source-2022-05-09/](https://www.reuters.com/world/india/india-wants-cenbank-lower-bond-yields-government-source-2022-05-09/) + +If true, this does not bode well for the autonomy of the RBI. The mere fact that the govt is asking this seems troubling because govt pressure would make it even more difficult for the RBI to fight inflation (which is hard enough as it is). +I posted a while ago when we were at the halfway mark of paying off our debt. Today I finally made the last big payment. We are officially debt free. We had 22k in CC debt in January of this year. It’s been hard to see almost all of your hard earned money go toward those balances but I am SO relieved. My credit score has gone up significantly. We have a little money in our savings account. We can maybe even start thinking about buying a house in the next year or two. + +I had no idea how much the stress of CC debt was affecting me emotionally and physically. Thank you to the tips and tricks and also just support of this sub - it’s HUGE to know you aren’t alone. Next mountain is student loan debt (20k) and our car (7k).... +An earnings call is exactly what the name indicates, a call to discuss earnings. Major announcements in partnerships and products usually are made through special press releases or industry/company events. Has Apple ever announced a new iPhone during their earnings call? + +We should all be looking forward to the earnings call, but not for major announcements. What we should be looking forward to is improving EPS, guidance, DRS numbers, revenue, and a whole slew of other important numbers that tell us the health of the company. + +GameStop has never made a major announcement during one of their earnings call and aren't going to start now. The date being moved up can be bullish for many reasons, but it has no bearing on whether or not there will be some massive bomb that shifts the tectonics of the company. + +EDIT: Feel free to brigade me and tell me how much of a raging idiot I am in a couple of days if I'm wrong. I won't give a fuck. I'll be enjoying the MOASS. Until then, why expected the unexpected? + +And if I’m right, welp, there’s always tomorrow. +As per my title, within the last 3 months my partner (25F) has gone self employed and on track to make around £80-100k this year with a very very niche line of work. + +I, work as a healthcare assistant and earn £9.74 per hour, currently about to finish an online access course to nursing. + +Ever since she started her work, it’s been great for us.. but it’s making me feel like a failure! Before she worked in a cafe, and we would work 60+ hours to make it work and managed to buy a house etc. I was planning on studying to become a nurse, but now the pressure of bringing in more income is getting to me, I opted out of applying for university this year, to really think about how I can earn more money for us. + +The stress of our income difference is heavily bothering me, I have no motivation to work a 12 hour shift for £100, when my partner can go and make £100 an hour, I feel like an absolute failure. How do others deal with the feeling like crap compared to you partners? + +Also, in regards to my career, I feel stuck in a rut, I have not many skills, only GCSE English and Maths at grade C, I just found out that apprenticeships are out of my reach due to not being 18-24.. entry roles normally require 5 GCSES. I’m lost with how to get a decent job, that can eventually pay well or I could atleast gain some valuable skills!? + +How does an adult, with gaps in their CV due to years of travelling, with very little skills, get on the right path to a decent career? + +Thanks UKPF + +EDIT - Thank you everyone, I received some solid advice in response to MY emotions and how I feel, aswell as some great career advice that I will definately be following up and looking into. I really appreciate it! +I attended two physical therapy sessions in Jan of 2020. + +1st session: $100 for 1hr. + +2nd session: $100 for 1hr. + +I had insurance at the time. So I understood that I would have to pay something and it would go towards my deductible. + +Today the PT settelments office (Oakbend PT in Richmond TX) called and said I owed $500. They said for two sessions, the cost was $1200. Insurance paid $700. I owe $500. + +I just got off the phone with the actual PT office and asked how much it would be if I did not have insurance or wanted to just not use insurance, they said $125. By that logic, the MOST I SHOULD PAY is an additional $50 (already paid $100 per session). + +How is this legal or possible!?!! They can just charge whatever they want and if the insurance says they won't pay they then come to me??? + +I'm very nervous and upset. What can I do? + + +Edit: this is not a debt collector, but rather the actual med facility calling. It has not went to collections yet. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Scratching my head over this. + +Just bought a house and want to fence in the backyard ASAP. Lowes guy said he could offer 24 months 0% financing if we applied for a Lowes credit card. We could pay for the fence out of pocket but would rather use 0% financing if possible, so I went ahead and applied for the credit card annnnnd....application denied. + +What the heck?! I went online and checked my credit again (even though I'd just checked it) and it's excellent. 800+. All my outstanding debts (car payment, mortgage) are in good standing. My income is good (100k+/year) so why would I be denied? My partner thinks it has something to do with the the house purchase being too recent but I can't think how that would make sense. Any ideas?? + +EDIT: Just adding to respond to everyone who asked about my credit...that isn't the issue. I checked multiple sources yesterday and again today because I got worried. Credit is good, no fraud. I also happen to know it's good because we dealt with this when we were getting a mortgage, so there are no problems there. I also have no debt apart from a car that's almost paid off and obviously the house, etc, and overall debt to income ratio is excellent, and bought the house with my partner who also has excellent credit and income, etc. +Hi all, + +I’m potentially starting a new job on Nov. 1 and pretty much what the title says. + +Is it worth contributing anything over 10% if I know I won’t be there for 3 years? If I stay too long in this role I may pigeon-hole myself and my long term job growth. + +Edit: since there are some asking for context. + +-26 y.o + +-currently unemployed since leaving the military 4 months ago + +-Accounting/Finance area + +-I’m in the Boston area but I have plans to move to NYC + +Edit #2: wow thank you for all the responses. I will be reading and replying through them today! +Wrote my algos in python, all working good. Wanted to optimize some parameters by running backtests. ETA of 20 days on my home server. Man, I don't wanna invest in more servers/workstations, and learning C/C++ again would be a bitch, especially on how convoluted my strategies already are, what do? + +Friend recommended Cython. Did the minimal changes required and compiled. New ETA 2 days!!! Holy moly! + +Once I become a millionaire, I'm gonna donate a whole bunch to the project, amazing work, I'd recommend it to anyone that needs their python code to run faster. +Is another scenario like 2008-2009 going on but with more of a safety net? I see purchase prices of 2006 times at the height of the bubble. We have a sellers market and low inventory, multiple offer scenarios on a lot of stuff we are flipping specifically in multi family and residential under 400K. Luxury market is slow but still moving. Low rates and everyone and their mothers getting into purchasing rental property. Eviction moratorium in place, yes I know each state is different with what they can do. No federal foreclosures and so on. I know it’s impossible to time the market I have learned the hard way!!! So more just curious what everyone else is experiencing? Midwest market! Also not saying that we don’t have deals going when the cash flow fits during these times just something I have noticed ! + +Appreciate everything from this awesome RE community! +Look man, anyone can claim to have a 20 inch dong, but prove it. + +After they have loaded a myfxbook or a fxblue or given you their investor password, the next thing to note is to see if it is a LIVE account. If it ain't LIVE, it's nonsense. One can easily open multiple demo accounts and present the best performer. + +Finally, the broker has to be a legit one. There are many scam brokers who fake trading histories. + +I'm really amused why so many people get scammed. Seriously, exercise some logical thinking. +So I keep reading about how there is capital flight from China going on, because people inside China are trying to get their money out of the country. That among other things, seem to provide growing signs that China's economy could be headed for some significant trouble, probably related to decoupling of trade with China. + +So I want to know how the markets will react as this scenario plays out. Will we mainly see real estate prices rising in various parts of the world, due to capital flight from China? Will we see economies of other alternative countries rising as substitutes to Chinese suppliers? Where will these things happen, and in what order of progression? +I was interested in making a YouTube channel about Poverty Finance, so I did. + +First of all, if you find this to be too self promoting, please take the post down. + +That being said, I made a post on if you guys would like a YouTube channel that talks about Poverty Finance ([Original Post](https://www.reddit.com/r/povertyfinance/comments/gckih5/thinking_about_starting_a_poverty_finance_youtube/)). It got a decent amount of feedback, and I took that as motivation to get started. I planned and shot the first video to keep the momentum going ([Why being poor is so expensive? - First Video](https://www.youtube.com/watch?v=cMQMSc89Va4&t=0s)). I'll let you guys decide if it's worth subscribing too and sharing, but I know that I wish there was a channel like this when I was growing up just show I could show my mother some potential ways we could have a better life. Let me know what you guys think, and if you want me to make a video about a specific topic, let me know in the comments below. + +&#x200B; + +TLDR: Asked reddit if we needed a youtube channel about Poverty Finance, they said yes, so I made one. +I was interested in making a YouTube channel about Poverty Finance, so I did. + +First of all, if you find this to be too self promoting, please take the post down. + +That being said, I made a post on if you guys would like a YouTube channel that talks about Poverty Finance ([Original Post](https://www.reddit.com/r/povertyfinance/comments/gckih5/thinking_about_starting_a_poverty_finance_youtube/)). It got a decent amount of feedback, and I took that as motivation to get started. I planned and shot the first video to keep the momentum going ([Why being poor is so expensive? - First Video](https://www.youtube.com/watch?v=cMQMSc89Va4&t=0s)). I'll let you guys decide if it's worth subscribing too and sharing, but I know that I wish there was a channel like this when I was growing up just show I could show my mother some potential ways we could have a better life. Let me know what you guys think, and if you want me to make a video about a specific topic, let me know in the comments below. + +&#x200B; + +TLDR: Asked reddit if we needed a youtube channel about Poverty Finance, they said yes, so I made one. +Hi all - + +Does anyone have any tips, suggestions, or resources on recalibrating one’s expectations and spending? + +I have left a high paying job, and there will likely be a few lean months before getting the furnace going again. + +I am aware intellectually of my cash flows and net worth, but I am having a really hard time psychologically suddenly caring about expenses that were always a non-factor. + +Just today, I was filtering $800/nt hotels as reasonable. I’d love to get back to where I was 10 years ago when a $150 hotel was “nice.” (Accounting for inflation of course, ha.) + +I will just have to hold myself accountable and think of each expenditure, but am also wondering if there are tips from the community or if anyone has been through something similar. Thanks. +**CEO Performance Award Details** + +The performance award consists of a 10-year grant of stock options that vests in 12 tranches. Each of the 12 tranches vests only if a pair of milestones are both met. + +* Market Cap Milestones: To meet the first market cap milestone, Tesla's current market cap must increase to $100 billion. For each of the remaining 11 milestones, Tesla's market cap must continue to increase in additional $50 billion increments. Thus, for Elon to fully vest in the award, Tesla's market cap must increase to $650 billion. +* Operational Milestones: To meet the operational milestones, Tesla must meet a set of escalating Revenue and Adjusted EBITDA targets (the only adjustment to EBITDA is for stock-based compensation). These milestones are even more directly aligned with shareholder value creation than those used in Elon's 2012 performance award. They are designed to ensure that as Tesla's market cap grows, the company is also executing well on both a top-line and bottom-line basis. + +For each of the 12 tranches that is achieved, Elon will vest in stock options that correspond to 1% of Tesla's current total outstanding shares (1% of that amount is approximately 1.69 million shares). If none of the 12 tranches is achieved, Elon will not receive any compensation. + +&#x200B; + +[https://ir.tesla.com/news-releases/news-release-details/tesla-announces-new-long-term-performance-award-elon-musk?ReleaseID=1054948](https://ir.tesla.com/news-releases/news-release-details/tesla-announces-new-long-term-performance-award-elon-musk?ReleaseID=1054948) + +&#x200B; + +Edit: [ **Mark B. Spiegel**‏ @**markbspiegel**](https://twitter.com/markbspiegel) + +As I noted last week, right now [~~$~~**TSLA**](https://twitter.com/search?q=%24TSLA&src=ctag) = Bitcoin (except at least Bitcoin frauds get prosecuted!). As I said I’d do last week, I stopped it down to 5-6% of the fund when it took out last week’s high today, and will stay there until it reconnects with reality. +I have recently taken up a job (about 3 months ago) and have not yet been officially. It is a very small business and we have had major issues with accountants and have been unable to pass on hours yet to be officially sorted. + +I have been reassured that I actually have until October some time to file my taxes/income for this current financial year, but it makes me uneasy and I’m not certain how it works as this is my first job that I’ve needed to be worried about taxes. + +I am currently being bank transferred a small amount of money when I need it, but have not received a pay slip or and super yet. + +Can anyone tell me what i actually need to make certain of before the 30th? +&#x200B; + +https://preview.redd.it/fl04zjqd26z61.jpg?width=700&format=pjpg&auto=webp&s=2536b9fbe8a8627d03a572b8f79fcc0c21d966db + +*This is one of a series of posts where I will apply my fast and dirty historical fundamental analysis to some of the biggest dogshit stocks of 2021. If you are interested in the process I use below to evaluate a stock, check out* [How Do I Buy A Stonk???](https://www.reddit.com/r/ASX_Bets/comments/lzjpvf/how_do_i_buy_a_stock/) + +# The Business + +&#x200B; + +https://preview.redd.it/t82d6wzi26z61.png?width=2000&format=png&auto=webp&s=851da3b7239dfef624b0241c55dff1e1c5db01bd + +>“Appen collects and labels images, text, speech, audio, video, and other data used to build and continuously improve the world’s most innovative artificial intelligence systems. Our expertise includes having a global crowd of over 1 million skilled contractors who speak over 235 languages, in over 70,000 locations and 170 countries, and the industry’s most advanced AI-assisted data annotation platform. Our reliable training data gives leaders in technology, automotive, financial services, retail, healthcare, and governments the confidence to deploy world-class AI products. Founded in 1996, Appen has customers and offices globally.” + +Appen have grown into a company connected to some of the biggest technology companies in the world, operating at the leading edge of the AI industry, with revenues in excess of half a billion dollars. It’s one of the largest and fastest growing tech companies in Australia. + +# The Checklist + +* Net Profit: positive last 6 years since listing. Good ✅ +* Outstanding Shares: stable, trending up slightly. Good ✅ +* Revenue, Profit, & Equity: growing rapidly. Good ✅ +* Insider Ownership: 9% w/ significant selling last year. Bad ❌ +* Debt / Equity: 5.2% w/ Current Ratio of 1.8x. Good ✅ +* ROE: 21.6% Avg L6Y w/ 9.8% 2020. Good ✅ +* Dividend: 0.6% Avg Yield L6Y w/ 0.9% FY20. Bad ❌ +* BPS $3.97 (2.8x P/B) w/ NTA $1.03 (10.6x P/NTA). Neutral ⚪ +* 6Y Avg: SPS $2.53 (4.4x P/S), EPS (48x P/E) Bad ❌ +* Growth: +52% Avg Revenue Growth L6Y w/ +11.9% 2020. Good ✅ + +**Fair Value (Hist.): $6.12\^** + +**Target Buy (Hist.): $4.77\^** + +^(\^Using historical averages. I’ll revise this using only 2020 figures later on in “The Target” section.) + +# The Knife + +&#x200B; + +[marketindex.com.au\/asx\/apx](https://preview.redd.it/ifqzf58u26z61.png?width=945&format=png&auto=webp&s=bdb8b5935c311583f76a84a05e8562e811f65eac) + +Despite having about 25 years of history in Australia, APX is relatively new to the ASX. They listed in 2015 at 50cents. At the time, their market cap was about 50million. By the middle of 2020, their market cap had grown to just over 5 billion. In 5 short years, APX had increased over one-hundred fold in size. + +If you had bought in at their IPO and sold at their all time high, you would have made +8,600% on your money. Unfortunately, had you held only 6 months longer, or worse still, bought at the all time high, you would have lost nearly 75% of that value. + +A more discerning investor may have waited until the end of 2020 before buying back into the company, the share having already shed half its worth. But at the close of Fri 14th May 2021, at $11.00, those who bought the dip would be down half the value of their investment YTD. + +APX might well be simultaneously the stock with the fastest climb and the stock with the steepest fall the ASX has ever seen. + +# The Diagnosis + +The Short Answer: Tech Stocks were wildly overvalued in 2020 post pandemic lockdowns. + +The Shorter Answer: APX is a labour hire company masquerading as a tech stock. + +**What is Appen?** + +To be fair, APX is certainly on the cutting edge of the AI industry, just not in the way that some might think. Perhaps one of the defining attributes of APX is that they are an innovative labour hire company. They provide a product that is heavily labour intensive and do so profitably by being able to balance the size of their workforce with the work that is required through crowdsourcing. + +&#x200B; + +[DreamHack 2010 World Record Lan Party](https://preview.redd.it/ofvwl23z26z61.jpg?width=1024&format=pjpg&auto=webp&s=93c0da8b2b98898e714106cb1992d1882d0f5a31) + +Imagine tens of thousands of people in a room working on computers doing painstakingly menial computer work. Like thousands of people evaluating millions of captcha results to make sure that robots know whether or not other robots are robots. + +&#x200B; + +[The Trials and Tribulations of a Captcha Annotator](https://preview.redd.it/u3bfucw136z61.jpg?width=1000&format=pjpg&auto=webp&s=500e38b8fef8f622e39d28a2908870618d7997d0) + +I make light of it, but in reality the kind of work that Appen does is quite sophisticated. The current generation of AIs require a massive amount of data that cannot be simply uploaded into their systems directly. It requires “supervised learning” which takes the form of annotated datasets, in which a human has assigned the meaning to thousands if not millions of disparate data points. + +&#x200B; + +[ Image Annotation for Self-Driving Cars](https://preview.redd.it/s8h8hu2436z61.png?width=3076&format=png&auto=webp&s=290c32853d01972980a54347c826361ece83b18a) + +From detailed annotated labeling of traffic photos for self-driving cars, to assigning the meaning of a particular piece of a .wav file for voice recognition services, and everything in between. It’s a time consuming and labour intensive job. Rather than companies like Tesla or Apple hiring thousands of employees, training them to annotate the data, and then being left with a bloated workforce, it makes sense for those companies to hire a 3rd party specialist with the operational infrastructure in place to provide the data. + +The crowdsourced “flexible contractors” under APX’s wing are trained in an advanced annotation platform that is used to evaluate all sorts of data. Over the years they’ve cultivated a huge group of people from all over the world that they can call upon to work on different types of projects depending on their skillsets. + +**What Appened to the SP?** + +All of that is all well and good, but what really broke the back of APX’s share price? It certainly wasn’t a major shift in the market away from AI. It would appear to be a case of overheated expectations in the market. When looking at APX’s year on year growth leading up to 2020, it’s easy to get carried away. Between 2017 and 2018, APX more than doubled their revenue from 166mil to 364mil. Their NPAT and EPS exploded almost 200%. + +APX’s overall growth cooled off by 2019, but the nominal amount of revenue increase was still quite staggering, going up to 535mil (+171mil). While their EPS took a knock that year, that could have been written off as part of the acquisition of Figure Eight (software company with a industry leading platform for annotation). + +&#x200B; + +[marketindex.com.au\/asx\/sectors\/information-technology](https://preview.redd.it/5im9djk736z61.png?width=885&format=png&auto=webp&s=b9efe18e782f38b1a3f6aa781a555d27f380858d) + +Those looking at the burgeoning sector of AI would have seen the enormous, almost limitless, potential for further growth. Perhaps they expected to see the level of growth APX achieved in 2018 again in 2020. Add that to the fact that the pandemic had many in the market seeing tech stocks as the beneficiaries of a windfall, as the pandemic lockdowns forced people around the world to change their lifestyle and ways of doing business. + +&#x200B; + +[The Downfall of APX](https://preview.redd.it/l0nu0s9936z61.png?width=949&format=png&auto=webp&s=e8c1887eb49f010c25a544e456b0a4862f8fb7c2) + +APX climbed to euphoric highs in 2020, breaching the $43 mark in August. At the time roughly 140x P/E ratio. But the 1H20 report in August served as a bit of a gut check for investors. With exceptionally high growth already priced in, even the slightest slowdown would have been seen as stagnation. The 1H20 report didn't have good news. + +APX had ramped up the number of full time employees, almost double since 2019 alone. Exchange rates were impacting them, with 50million lost purely from foreign currency translations. Amortization up to 30million, coming from low base of 1 in 2017. Costs were going up everywhere. Indeed, APX would end up finishing 2020 with EPS less than it was in 2018, despite revenue that was nearly double. On top of that, growth on revenue seemed to be stalling, having only increased 12%. + +The writing was on the wall by the half year report. The share price collapsed. The growth in profit levels needed to support it just wasn’t there. + +&#x200B; + +[marketindex.com.au\/asx\/apx](https://preview.redd.it/po4s6hjj36z61.png?width=967&format=png&auto=webp&s=4d5c4fa27cd3915b6bbf0835d14366a328ca30e4) + +This wasn’t helped by notification earlier in June that the founder, CEO, and one of the board members had all sold quite significant chunks of their holding on market. An announcement cited such reasons as: “philanthropic endeavors”, “tax obligations”, and “diversifying personal investments.” Weak excuses. When combined with 1H20 figures, it may have indicated to investors that troubles were brewing behind the scenes. + +# The Outlook + +APX is a bit misunderstood. In a way, their fall is the result of a downgrade of changing perspectives. But what of 2021? A difficult question. Their growth in EPS has stalled the last 2 years and due to the nature of their reporting time (calendar year), we won’t know for sure if they are back on track or not until later this year. + +However, it may be useful to evaluate APX in a more general sense, by getting a gauge for how good (or bad) of a growth stock APX really is. This would certainly influence the way in which we approach the valuation. To do so, it’s important to elaborate a little bit on the core attributes that one would want to see in a good growth stock. + +**Characteristics of a Good Growth Stock** + +**1.** ***Scalable Business*** + +A scalable business is one whose costs are largely fixed, regardless of the output. This is why Tech stocks tend to be good growth stocks. Creation of software and systems platforms can be scaled infinitely without really incurring much more cost to the company. The more that they sell, the higher the operating margin levels. + +Conversely, a business that heavily rely on labour and physical product tends to have costs that increase linearly, in line with revenue. There may be some economies of scale that can be achieved along the way, but in general the operating margin remains similar regardless of the level of growth in revenue. + +**2.** ***Recurring Revenue*** + +The most common form would be subscription services. This way customers continue contributing revenue each year, and so growth can come through onboarding more customers through broader uptake of the product and/or increasing market share. + +Conversely, a business that is more project based will always have a headwind of having to replace sources of revenue. Such a business can still grow, but it must both ramp up its capabilities while also finding an increasing number of new projects each year. Such a business can be caught out in a market downturn, as it will have built up its overhead costs, but have no prospects for their use. + +**3.** ***Broad Application*** + +This translates into a business that has a vast pool of potential customers, and therefore a huge upper limit to its revenue. It also means that its less necessary to fight over market share with competitors, since growth can be achieved through finding and onboarding entirely new customers to the product. + +Conversely, a business that operates in a very niche industry has a natural ceiling on their potential revenue. Put simply, a business offering services in a multi-**b**illion-dollar industry has much more potential than a business offering services in a multi-**m**illion-dollar industry. + +**4.** ***Economic Moat*** + +In other words, a competitive advantage in the market; something that sets them apart and makes their business model difficult for other companies to replicate. This gives the business a level of protection from competition, and allows them to capture larger and larger portions of the overall market more easily. + +Conversely, a business with an easy to copy product runs the risk of coming up against fierce competition as their market becomes higher profile. This devolves into cutthroat fights over market share in an oversaturated industry. At worst, it could be the end of the business entirely as larger players cut them out of the market entirely. + +**5.** ***Market Entrenchment*** + +This has to do with how likely it is that the business’ product will continue to be required within their industry. For example, a product with a rock-solid market entrenchment is a staple food like rice. Regardless of whether a particular rice brand is successful or not, rice will be a significant part of the food staples market for years to come. + +Conversely, a business that makes a product that is not entrenched could easily find itself without a market. For example, typewriter manufacturers no longer exist, the very technology having been replaced by computers. It’s important to think of growth businesses in this way, as their success may depend on the relevance of their product within the market in the future. + +# The Verdict + +**Is Appen a good Growth Stock?** + +&#x200B; + +https://preview.redd.it/t8gflkfa46z61.png?width=813&format=png&auto=webp&s=a287db4a730c015ca4d5f3c11c06afdde5f9c686 + +Yes and no. APX have a lot of positive things going for them, and their historical growth has certainly been impressive. However, they fail the test of good growth stock attributes (at least partially). + +*Scalability*: a significant portion of APX’s revenue is tied to labour. As a result, costs don’t scale well. However, one positive is that APX’s innovative crowdsourcing approach allows their workforce capacity to be dialled back when work is slow, so it’s harder for them to get caught out in a downturn. APX also have an ever-increasing library of datasets from previous projects that can be sold as “off the shelf” products to new customers. More uptake on that front would allow them to improve their profitability. + +&#x200B; + +[Annotation software acquired in 2019](https://preview.redd.it/fierz07e46z61.png?width=750&format=png&auto=webp&s=0ac72b2f9538c2ee4f3d38a788dfb2085f840502) + +*Recurring Revenue:* The majority of APX revenues rely on an ongoing project orderbook from their customers, and they are heavily exposed to some very large customers at that. As a result, they must work hard to keep the projects coming in. However, one positive is that APX own the Figure Eight annotation platform, which allows them to sell licenses for the software, which gives them an outlet for some amount of recurring funds. + +&#x200B; + +[From APX 2020 Annual Report](https://preview.redd.it/fnbssxtg46z61.png?width=1240&format=png&auto=webp&s=660c8457a0eb8b41b5c8ceda8f97d3150840eaf8) + +*Broad Application:* This APX has in spades. To put it in the words of ARK Invest manager Cathy Wood in a recent commentary, “Artificial intelligence is going to permeate every sector, every industry, every company.” As long as training data is required, APX will have a growing basket of opportunities in the future. + +*Economic Moat:* I think APX benefits also from a shallow economic moat. It would not be impossible to replicate what APX does, but it would be very difficult. Replicating their products and services requires a level of technological sophistication, with an annotation program that produces training data that is “compatible” with typical AI systems. A would-be competitor would also need to be able to pull together a large team of trained personnel that can be called upon for different jobs. Building up a 1million+ member community that knows how to use your software and is actively participating in projects is not exactly easy. The amount of captured previous work in the form of pre-packaged datasets is not insignificant either. Their library of datasets represents millions of manhours worth of work. + +*Entrenchment:* APX’s main issue is likely with their market entrenchment. As AI improves, systems will be able to do what is called self-supervised learning (SSL), where the AI can reliably interpret raw data. APX themselves even use limited machine learning to assist in the efficiency of their annotation process. SSL would make human involvement unnecessary. + +&#x200B; + +[Facebook’s CTO tweet](https://preview.redd.it/0kap1w0p46z61.png?width=1200&format=png&auto=webp&s=ae3d1805be3481351afda42c2a1fb1b454c7c225) + +Though, being *necessary* and having *need of* are two different things. Larger tech companies may have the resources to develop and invest in SSL technologies. However, the speed of uptake on SSL is likely to be slow. Companies often use systems that are 5, 10, or 20 years behind the times. I expect SSL technology would also be a closely kept secret at first, being a major competitive advantage, and otherwise fetch a steep premium when offered more widely to the market. + +Even so, SSL is still in its infancy. Furthermore, APX claim that at this stage self-learning tends to require massive amounts of data for meaningful results, and as such is limited to the largest tech companies on the most data intensive projects. For now, there is a place for human instructed training data. + +# The Target + +With all that being said, if we think APX is worthwhile, then the next step is to find an entry point. I think the method to find a target price largely depends on how we evaluate the nature of the stock (growth or not), and then from there the assumptions about the future. + +**Traditional Valuation** + +If we take the view that APX is a misunderstood stock and only a tech stock in the most superficial way, then I’d say the traditional method is preferred. + +&#x200B; + +https://preview.redd.it/xdrt9ukt46z61.png?width=833&format=png&auto=webp&s=7982d340ac74bb5b99422618281655f5f933aacb + +Looking at their 5-year consolidated figures, it’s fair to say that an average SPS and EPS would be of no real value. Their growth trajectory has been insane. Therefore, it’s better to use only their 2020 figures. + +As such 2020 stats\* give us: + +* SPS $4.85 +* EPS 38.5cents +* BPS $3.97 + +This gives us fair and target prices as follows: + +**Fair Price: $8.32** + +**Target Price: $6.18** + +^(\* Note: Regarding book value, much of their equity is intangible assets. However, in this instance, given the nature of the business being largely about intellectual property and business systems, I think that it is justified. Furthermore, the dividend is so small and largely inconsequential to the valuation, so I’ve left it out of my price projections.) + +I think this is a reasonable set of prices to use as a baseline fair and target price. It allows for APX’s growth to plateau in the short to medium term at around their current levels. Not unreasonable if we expect them to lose ground with their largest clients due to SSL technology, but figure that they can offset that with new and smaller clients. + +**Growth Valuation** + +If we’re confident in the ability for APX to continue their growth trajectory then we may want to approach our entry point in a more finessed way. This would essentially involve trying to evaluate the level of the business’s earnings in the future based on our growth expectations. + +&#x200B; + +https://preview.redd.it/w58m885z46z61.png?width=961&format=png&auto=webp&s=d05eff6311254eb738fb0c5a9f020ef9d312cf71 + +One thing I think most people can agree on at this point is that APX’s price of $43.50 in August of 2020 was shooting well past the mark. Working off a 20% base SPS growth and 41cents EPS from 2020 (underlying), it’s easy to see why investors headed for the exits. At these levels, it would have taken almost 10 years to achieve a fair value based on the fundamentals. This is even giving APX a generous “tech stock” benchmark to work with, as regards to P/S and P/E ratios. + +On the whole though, I think a “years-to-achieve fair value” model is one good way to approach an entry point for a growth stock. There are two main variables to keep in mind. First, our assumptions on the future growth levels. Second, the number of years we are willing to buy in excess of the current fundamentals. + +&#x200B; + +https://preview.redd.it/c7lx0mn056z61.png?width=935&format=png&auto=webp&s=9f1bc482a2d582e14647faf12b60d01ae1d9470e + +Using a basic model, we can work out different entry point target prices based on our growth expectations and risk tolerance. Working off 20% growth forecast within a 2-year time window, a reasonable entry point might be $11.81. In addition to 2020 growth numbers, I’ve noted the last 2 years average as well as the last 5 years average, each with their own price points. + +Another more well-known strategy is the one employed by Peter Lynch. He is perhaps the most famous growth stock investor, using a bit of a hybrid approach of growth and value to determine his stock picks. If you’ve not heard of him, Lynch managed the Magellan Fund in the 1980s and consistently beat the S&P index by more than double each year. + +&#x200B; + +https://preview.redd.it/sp7j4fg156z61.png?width=935&format=png&auto=webp&s=83f88a4ad555e513c8bbd937952812e98c9e6785 + +Lynch popularized the PEG ratio, which is essentially P/E divided by Growth % (represented as a whole number). According to this valuation metric, fair value would be considered to be “1”. In other words, the P/E ratio should be less than or equal to the expected growth of the company. Using an expectation of 20% growth, then a good entry point might be $8.20. + +It’s perhaps notable to point out that even what would seem to be a small difference between 10% and 20% in both of these approaches produces quite a different target. So, the risk here is inherently in overestimating the growth level. So, if anything, I would suggest that these methods should be used in conjunction with the healthy reality check against the fundamentals. + +# The TL;DR + +Despite perhaps not being precisely what I would describe as a great tech stock or even a good growth stock, APX is still an excellent business. They serve some of the largest tech firms in the world, and the industry is growing almost exponentially. The long-term prospects of APX are tenuous though. Human annotated AI training data will at some point be obsolete, as AI systems become better at teaching themselves. However, I think it is realistic to expect that APX will have a role in the industry for at least the next 5 years, if not longer. + +The question then becomes, how do we evaluate APX? Is it really hyper growth stock? I don't think so. Furthermore, given the less reliable recent growth and long-term uncertainty, it would likely be better to use as conservative a valuation as possible. As for me, it’s on my watchlist. + +*As always, thanks for attending my ted talk and fuck off if you think this is advice.* 🚀🚀🚀 + +*I'd love to hear other's opinion on APX and whether there is potential here that I am not seeing. Also, suggest other dogshit stocks that are/were on the ASX 200 index, and I might put them on the watchlist for a DD in future editions of this series.* + +*Currently on the Watchlist (rough order): TLS, AMP, IFL, TGR, RFG, TPG, WHC, SXL, ASB* + +*Previous Editions of Catching the Knife:* + +1. [The Second Australian Company (AGL)](https://www.reddit.com/r/ASX_Bets/comments/ms53c0/catching_the_knife_the_second_australian_company/) +2. [The Daigou Milk Company (A2M)](https://www.reddit.com/r/ASX_Bets/comments/mxf4xu/catching_the_knife_the_daigou_milk_company_a2m/) +3. [The Largest Australian Energy Company (ORG)](https://www.reddit.com/r/ASX_Bets/comments/n1va2b/catching_the_knife_the_largest_australian_energy/) +4. [Amazon’s Bogan Australian Cousin (KGN)](https://www.reddit.com/r/ASX_Bets/comments/n7cpxk/catching_the_knife_amazons_bogan_australian/) +&#x200B; + +https://preview.redd.it/fl04zjqd26z61.jpg?width=700&format=pjpg&auto=webp&s=2536b9fbe8a8627d03a572b8f79fcc0c21d966db + +*This is one of a series of posts where I will apply my fast and dirty historical fundamental analysis to some of the biggest dogshit stocks of 2021. If you are interested in the process I use below to evaluate a stock, check out* [How Do I Buy A Stonk???](https://www.reddit.com/r/ASX_Bets/comments/lzjpvf/how_do_i_buy_a_stock/) + +# The Business + +&#x200B; + +https://preview.redd.it/t82d6wzi26z61.png?width=2000&format=png&auto=webp&s=851da3b7239dfef624b0241c55dff1e1c5db01bd + +>“Appen collects and labels images, text, speech, audio, video, and other data used to build and continuously improve the world’s most innovative artificial intelligence systems. Our expertise includes having a global crowd of over 1 million skilled contractors who speak over 235 languages, in over 70,000 locations and 170 countries, and the industry’s most advanced AI-assisted data annotation platform. Our reliable training data gives leaders in technology, automotive, financial services, retail, healthcare, and governments the confidence to deploy world-class AI products. Founded in 1996, Appen has customers and offices globally.” + +Appen have grown into a company connected to some of the biggest technology companies in the world, operating at the leading edge of the AI industry, with revenues in excess of half a billion dollars. It’s one of the largest and fastest growing tech companies in Australia. + +# The Checklist + +* Net Profit: positive last 6 years since listing. Good ✅ +* Outstanding Shares: stable, trending up slightly. Good ✅ +* Revenue, Profit, & Equity: growing rapidly. Good ✅ +* Insider Ownership: 9% w/ significant selling last year. Bad ❌ +* Debt / Equity: 5.2% w/ Current Ratio of 1.8x. Good ✅ +* ROE: 21.6% Avg L6Y w/ 9.8% 2020. Good ✅ +* Dividend: 0.6% Avg Yield L6Y w/ 0.9% FY20. Bad ❌ +* BPS $3.97 (2.8x P/B) w/ NTA $1.03 (10.6x P/NTA). Neutral ⚪ +* 6Y Avg: SPS $2.53 (4.4x P/S), EPS (48x P/E) Bad ❌ +* Growth: +52% Avg Revenue Growth L6Y w/ +11.9% 2020. Good ✅ + +**Fair Value (Hist.): $6.12\^** + +**Target Buy (Hist.): $4.77\^** + +^(\^Using historical averages. I’ll revise this using only 2020 figures later on in “The Target” section.) + +# The Knife + +&#x200B; + +[marketindex.com.au\/asx\/apx](https://preview.redd.it/ifqzf58u26z61.png?width=945&format=png&auto=webp&s=bdb8b5935c311583f76a84a05e8562e811f65eac) + +Despite having about 25 years of history in Australia, APX is relatively new to the ASX. They listed in 2015 at 50cents. At the time, their market cap was about 50million. By the middle of 2020, their market cap had grown to just over 5 billion. In 5 short years, APX had increased over one-hundred fold in size. + +If you had bought in at their IPO and sold at their all time high, you would have made +8,600% on your money. Unfortunately, had you held only 6 months longer, or worse still, bought at the all time high, you would have lost nearly 75% of that value. + +A more discerning investor may have waited until the end of 2020 before buying back into the company, the share having already shed half its worth. But at the close of Fri 14th May 2021, at $11.00, those who bought the dip would be down half the value of their investment YTD. + +APX might well be simultaneously the stock with the fastest climb and the stock with the steepest fall the ASX has ever seen. + +# The Diagnosis + +The Short Answer: Tech Stocks were wildly overvalued in 2020 post pandemic lockdowns. + +The Shorter Answer: APX is a labour hire company masquerading as a tech stock. + +**What is Appen?** + +To be fair, APX is certainly on the cutting edge of the AI industry, just not in the way that some might think. Perhaps one of the defining attributes of APX is that they are an innovative labour hire company. They provide a product that is heavily labour intensive and do so profitably by being able to balance the size of their workforce with the work that is required through crowdsourcing. + +&#x200B; + +[DreamHack 2010 World Record Lan Party](https://preview.redd.it/ofvwl23z26z61.jpg?width=1024&format=pjpg&auto=webp&s=93c0da8b2b98898e714106cb1992d1882d0f5a31) + +Imagine tens of thousands of people in a room working on computers doing painstakingly menial computer work. Like thousands of people evaluating millions of captcha results to make sure that robots know whether or not other robots are robots. + +&#x200B; + +[The Trials and Tribulations of a Captcha Annotator](https://preview.redd.it/u3bfucw136z61.jpg?width=1000&format=pjpg&auto=webp&s=500e38b8fef8f622e39d28a2908870618d7997d0) + +I make light of it, but in reality the kind of work that Appen does is quite sophisticated. The current generation of AIs require a massive amount of data that cannot be simply uploaded into their systems directly. It requires “supervised learning” which takes the form of annotated datasets, in which a human has assigned the meaning to thousands if not millions of disparate data points. + +&#x200B; + +[ Image Annotation for Self-Driving Cars](https://preview.redd.it/s8h8hu2436z61.png?width=3076&format=png&auto=webp&s=290c32853d01972980a54347c826361ece83b18a) + +From detailed annotated labeling of traffic photos for self-driving cars, to assigning the meaning of a particular piece of a .wav file for voice recognition services, and everything in between. It’s a time consuming and labour intensive job. Rather than companies like Tesla or Apple hiring thousands of employees, training them to annotate the data, and then being left with a bloated workforce, it makes sense for those companies to hire a 3rd party specialist with the operational infrastructure in place to provide the data. + +The crowdsourced “flexible contractors” under APX’s wing are trained in an advanced annotation platform that is used to evaluate all sorts of data. Over the years they’ve cultivated a huge group of people from all over the world that they can call upon to work on different types of projects depending on their skillsets. + +**What Appened to the SP?** + +All of that is all well and good, but what really broke the back of APX’s share price? It certainly wasn’t a major shift in the market away from AI. It would appear to be a case of overheated expectations in the market. When looking at APX’s year on year growth leading up to 2020, it’s easy to get carried away. Between 2017 and 2018, APX more than doubled their revenue from 166mil to 364mil. Their NPAT and EPS exploded almost 200%. + +APX’s overall growth cooled off by 2019, but the nominal amount of revenue increase was still quite staggering, going up to 535mil (+171mil). While their EPS took a knock that year, that could have been written off as part of the acquisition of Figure Eight (software company with a industry leading platform for annotation). + +&#x200B; + +[marketindex.com.au\/asx\/sectors\/information-technology](https://preview.redd.it/5im9djk736z61.png?width=885&format=png&auto=webp&s=b9efe18e782f38b1a3f6aa781a555d27f380858d) + +Those looking at the burgeoning sector of AI would have seen the enormous, almost limitless, potential for further growth. Perhaps they expected to see the level of growth APX achieved in 2018 again in 2020. Add that to the fact that the pandemic had many in the market seeing tech stocks as the beneficiaries of a windfall, as the pandemic lockdowns forced people around the world to change their lifestyle and ways of doing business. + +&#x200B; + +[The Downfall of APX](https://preview.redd.it/l0nu0s9936z61.png?width=949&format=png&auto=webp&s=e8c1887eb49f010c25a544e456b0a4862f8fb7c2) + +APX climbed to euphoric highs in 2020, breaching the $43 mark in August. At the time roughly 140x P/E ratio. But the 1H20 report in August served as a bit of a gut check for investors. With exceptionally high growth already priced in, even the slightest slowdown would have been seen as stagnation. The 1H20 report didn't have good news. + +APX had ramped up the number of full time employees, almost double since 2019 alone. Exchange rates were impacting them, with 50million lost purely from foreign currency translations. Amortization up to 30million, coming from low base of 1 in 2017. Costs were going up everywhere. Indeed, APX would end up finishing 2020 with EPS less than it was in 2018, despite revenue that was nearly double. On top of that, growth on revenue seemed to be stalling, having only increased 12%. + +The writing was on the wall by the half year report. The share price collapsed. The growth in profit levels needed to support it just wasn’t there. + +&#x200B; + +[marketindex.com.au\/asx\/apx](https://preview.redd.it/po4s6hjj36z61.png?width=967&format=png&auto=webp&s=4d5c4fa27cd3915b6bbf0835d14366a328ca30e4) + +This wasn’t helped by notification earlier in June that the founder, CEO, and one of the board members had all sold quite significant chunks of their holding on market. An announcement cited such reasons as: “philanthropic endeavors”, “tax obligations”, and “diversifying personal investments.” Weak excuses. When combined with 1H20 figures, it may have indicated to investors that troubles were brewing behind the scenes. + +# The Outlook + +APX is a bit misunderstood. In a way, their fall is the result of a downgrade of changing perspectives. But what of 2021? A difficult question. Their growth in EPS has stalled the last 2 years and due to the nature of their reporting time (calendar year), we won’t know for sure if they are back on track or not until later this year. + +However, it may be useful to evaluate APX in a more general sense, by getting a gauge for how good (or bad) of a growth stock APX really is. This would certainly influence the way in which we approach the valuation. To do so, it’s important to elaborate a little bit on the core attributes that one would want to see in a good growth stock. + +**Characteristics of a Good Growth Stock** + +**1.** ***Scalable Business*** + +A scalable business is one whose costs are largely fixed, regardless of the output. This is why Tech stocks tend to be good growth stocks. Creation of software and systems platforms can be scaled infinitely without really incurring much more cost to the company. The more that they sell, the higher the operating margin levels. + +Conversely, a business that heavily rely on labour and physical product tends to have costs that increase linearly, in line with revenue. There may be some economies of scale that can be achieved along the way, but in general the operating margin remains similar regardless of the level of growth in revenue. + +**2.** ***Recurring Revenue*** + +The most common form would be subscription services. This way customers continue contributing revenue each year, and so growth can come through onboarding more customers through broader uptake of the product and/or increasing market share. + +Conversely, a business that is more project based will always have a headwind of having to replace sources of revenue. Such a business can still grow, but it must both ramp up its capabilities while also finding an increasing number of new projects each year. Such a business can be caught out in a market downturn, as it will have built up its overhead costs, but have no prospects for their use. + +**3.** ***Broad Application*** + +This translates into a business that has a vast pool of potential customers, and therefore a huge upper limit to its revenue. It also means that its less necessary to fight over market share with competitors, since growth can be achieved through finding and onboarding entirely new customers to the product. + +Conversely, a business that operates in a very niche industry has a natural ceiling on their potential revenue. Put simply, a business offering services in a multi-**b**illion-dollar industry has much more potential than a business offering services in a multi-**m**illion-dollar industry. + +**4.** ***Economic Moat*** + +In other words, a competitive advantage in the market; something that sets them apart and makes their business model difficult for other companies to replicate. This gives the business a level of protection from competition, and allows them to capture larger and larger portions of the overall market more easily. + +Conversely, a business with an easy to copy product runs the risk of coming up against fierce competition as their market becomes higher profile. This devolves into cutthroat fights over market share in an oversaturated industry. At worst, it could be the end of the business entirely as larger players cut them out of the market entirely. + +**5.** ***Market Entrenchment*** + +This has to do with how likely it is that the business’ product will continue to be required within their industry. For example, a product with a rock-solid market entrenchment is a staple food like rice. Regardless of whether a particular rice brand is successful or not, rice will be a significant part of the food staples market for years to come. + +Conversely, a business that makes a product that is not entrenched could easily find itself without a market. For example, typewriter manufacturers no longer exist, the very technology having been replaced by computers. It’s important to think of growth businesses in this way, as their success may depend on the relevance of their product within the market in the future. + +# The Verdict + +**Is Appen a good Growth Stock?** + +&#x200B; + +https://preview.redd.it/t8gflkfa46z61.png?width=813&format=png&auto=webp&s=a287db4a730c015ca4d5f3c11c06afdde5f9c686 + +Yes and no. APX have a lot of positive things going for them, and their historical growth has certainly been impressive. However, they fail the test of good growth stock attributes (at least partially). + +*Scalability*: a significant portion of APX’s revenue is tied to labour. As a result, costs don’t scale well. However, one positive is that APX’s innovative crowdsourcing approach allows their workforce capacity to be dialled back when work is slow, so it’s harder for them to get caught out in a downturn. APX also have an ever-increasing library of datasets from previous projects that can be sold as “off the shelf” products to new customers. More uptake on that front would allow them to improve their profitability. + +&#x200B; + +[Annotation software acquired in 2019](https://preview.redd.it/fierz07e46z61.png?width=750&format=png&auto=webp&s=0ac72b2f9538c2ee4f3d38a788dfb2085f840502) + +*Recurring Revenue:* The majority of APX revenues rely on an ongoing project orderbook from their customers, and they are heavily exposed to some very large customers at that. As a result, they must work hard to keep the projects coming in. However, one positive is that APX own the Figure Eight annotation platform, which allows them to sell licenses for the software, which gives them an outlet for some amount of recurring funds. + +&#x200B; + +[From APX 2020 Annual Report](https://preview.redd.it/fnbssxtg46z61.png?width=1240&format=png&auto=webp&s=660c8457a0eb8b41b5c8ceda8f97d3150840eaf8) + +*Broad Application:* This APX has in spades. To put it in the words of ARK Invest manager Cathy Wood in a recent commentary, “Artificial intelligence is going to permeate every sector, every industry, every company.” As long as training data is required, APX will have a growing basket of opportunities in the future. + +*Economic Moat:* I think APX benefits also from a shallow economic moat. It would not be impossible to replicate what APX does, but it would be very difficult. Replicating their products and services requires a level of technological sophistication, with an annotation program that produces training data that is “compatible” with typical AI systems. A would-be competitor would also need to be able to pull together a large team of trained personnel that can be called upon for different jobs. Building up a 1million+ member community that knows how to use your software and is actively participating in projects is not exactly easy. The amount of captured previous work in the form of pre-packaged datasets is not insignificant either. Their library of datasets represents millions of manhours worth of work. + +*Entrenchment:* APX’s main issue is likely with their market entrenchment. As AI improves, systems will be able to do what is called self-supervised learning (SSL), where the AI can reliably interpret raw data. APX themselves even use limited machine learning to assist in the efficiency of their annotation process. SSL would make human involvement unnecessary. + +&#x200B; + +[Facebook’s CTO tweet](https://preview.redd.it/0kap1w0p46z61.png?width=1200&format=png&auto=webp&s=ae3d1805be3481351afda42c2a1fb1b454c7c225) + +Though, being *necessary* and having *need of* are two different things. Larger tech companies may have the resources to develop and invest in SSL technologies. However, the speed of uptake on SSL is likely to be slow. Companies often use systems that are 5, 10, or 20 years behind the times. I expect SSL technology would also be a closely kept secret at first, being a major competitive advantage, and otherwise fetch a steep premium when offered more widely to the market. + +Even so, SSL is still in its infancy. Furthermore, APX claim that at this stage self-learning tends to require massive amounts of data for meaningful results, and as such is limited to the largest tech companies on the most data intensive projects. For now, there is a place for human instructed training data. + +# The Target + +With all that being said, if we think APX is worthwhile, then the next step is to find an entry point. I think the method to find a target price largely depends on how we evaluate the nature of the stock (growth or not), and then from there the assumptions about the future. + +**Traditional Valuation** + +If we take the view that APX is a misunderstood stock and only a tech stock in the most superficial way, then I’d say the traditional method is preferred. + +&#x200B; + +https://preview.redd.it/xdrt9ukt46z61.png?width=833&format=png&auto=webp&s=7982d340ac74bb5b99422618281655f5f933aacb + +Looking at their 5-year consolidated figures, it’s fair to say that an average SPS and EPS would be of no real value. Their growth trajectory has been insane. Therefore, it’s better to use only their 2020 figures. + +As such 2020 stats\* give us: + +* SPS $4.85 +* EPS 38.5cents +* BPS $3.97 + +This gives us fair and target prices as follows: + +**Fair Price: $8.32** + +**Target Price: $6.18** + +^(\* Note: Regarding book value, much of their equity is intangible assets. However, in this instance, given the nature of the business being largely about intellectual property and business systems, I think that it is justified. Furthermore, the dividend is so small and largely inconsequential to the valuation, so I’ve left it out of my price projections.) + +I think this is a reasonable set of prices to use as a baseline fair and target price. It allows for APX’s growth to plateau in the short to medium term at around their current levels. Not unreasonable if we expect them to lose ground with their largest clients due to SSL technology, but figure that they can offset that with new and smaller clients. + +**Growth Valuation** + +If we’re confident in the ability for APX to continue their growth trajectory then we may want to approach our entry point in a more finessed way. This would essentially involve trying to evaluate the level of the business’s earnings in the future based on our growth expectations. + +&#x200B; + +https://preview.redd.it/w58m885z46z61.png?width=961&format=png&auto=webp&s=d05eff6311254eb738fb0c5a9f020ef9d312cf71 + +One thing I think most people can agree on at this point is that APX’s price of $43.50 in August of 2020 was shooting well past the mark. Working off a 20% base SPS growth and 41cents EPS from 2020 (underlying), it’s easy to see why investors headed for the exits. At these levels, it would have taken almost 10 years to achieve a fair value based on the fundamentals. This is even giving APX a generous “tech stock” benchmark to work with, as regards to P/S and P/E ratios. + +On the whole though, I think a “years-to-achieve fair value” model is one good way to approach an entry point for a growth stock. There are two main variables to keep in mind. First, our assumptions on the future growth levels. Second, the number of years we are willing to buy in excess of the current fundamentals. + +&#x200B; + +https://preview.redd.it/c7lx0mn056z61.png?width=935&format=png&auto=webp&s=9f1bc482a2d582e14647faf12b60d01ae1d9470e + +Using a basic model, we can work out different entry point target prices based on our growth expectations and risk tolerance. Working off 20% growth forecast within a 2-year time window, a reasonable entry point might be $11.81. In addition to 2020 growth numbers, I’ve noted the last 2 years average as well as the last 5 years average, each with their own price points. + +Another more well-known strategy is the one employed by Peter Lynch. He is perhaps the most famous growth stock investor, using a bit of a hybrid approach of growth and value to determine his stock picks. If you’ve not heard of him, Lynch managed the Magellan Fund in the 1980s and consistently beat the S&P index by more than double each year. + +&#x200B; + +https://preview.redd.it/sp7j4fg156z61.png?width=935&format=png&auto=webp&s=83f88a4ad555e513c8bbd937952812e98c9e6785 + +Lynch popularized the PEG ratio, which is essentially P/E divided by Growth % (represented as a whole number). According to this valuation metric, fair value would be considered to be “1”. In other words, the P/E ratio should be less than or equal to the expected growth of the company. Using an expectation of 20% growth, then a good entry point might be $8.20. + +It’s perhaps notable to point out that even what would seem to be a small difference between 10% and 20% in both of these approaches produces quite a different target. So, the risk here is inherently in overestimating the growth level. So, if anything, I would suggest that these methods should be used in conjunction with the healthy reality check against the fundamentals. + +# The TL;DR + +Despite perhaps not being precisely what I would describe as a great tech stock or even a good growth stock, APX is still an excellent business. They serve some of the largest tech firms in the world, and the industry is growing almost exponentially. The long-term prospects of APX are tenuous though. Human annotated AI training data will at some point be obsolete, as AI systems become better at teaching themselves. However, I think it is realistic to expect that APX will have a role in the industry for at least the next 5 years, if not longer. + +The question then becomes, how do we evaluate APX? Is it really hyper growth stock? I don't think so. Furthermore, given the less reliable recent growth and long-term uncertainty, it would likely be better to use as conservative a valuation as possible. As for me, it’s on my watchlist. + +*As always, thanks for attending my ted talk and fuck off if you think this is advice.* 🚀🚀🚀 + +*I'd love to hear other's opinion on APX and whether there is potential here that I am not seeing. Also, suggest other dogshit stocks that are/were on the ASX 200 index, and I might put them on the watchlist for a DD in future editions of this series.* + +*Currently on the Watchlist (rough order): TLS, AMP, IFL, TGR, RFG, TPG, WHC, SXL, ASB* + +*Previous Editions of Catching the Knife:* + +1. [The Second Australian Company (AGL)](https://www.reddit.com/r/ASX_Bets/comments/ms53c0/catching_the_knife_the_second_australian_company/) +2. [The Daigou Milk Company (A2M)](https://www.reddit.com/r/ASX_Bets/comments/mxf4xu/catching_the_knife_the_daigou_milk_company_a2m/) +3. [The Largest Australian Energy Company (ORG)](https://www.reddit.com/r/ASX_Bets/comments/n1va2b/catching_the_knife_the_largest_australian_energy/) +4. [Amazon’s Bogan Australian Cousin (KGN)](https://www.reddit.com/r/ASX_Bets/comments/n7cpxk/catching_the_knife_amazons_bogan_australian/) +Hi everyone, + +I have a condo. + +Mortgage = ($1425)/month (2.54%, fixed rate) (around $700 interest) + +condo fees = ($465)/month + +property taxes = ($130)/month + +rent = $1350/month + +overall = ($670)/month = ($8040)/year. + +&#x200B; + +Mortgage = $300.000 + +price to sell = $260.000 + +payment to broker (to sell) = $10.000 + +penalty for selling early = $3.000 (before 2021) + +&#x200B; + +Conclusion - can't sell, losing 8300$/year on nothing. + +&#x200B; + +Future perspectives: + +rate is increasing: bought at .75, now it's 1.75, three more increases are being considered, When I'll renew my mortgage in 2021 the rate will be around 2.5%, which means higher mortgage interest rate (2.5% -> 5%), higher payments (up to $400/m). The rent price is not being planned to increase since the general economy in the region has a tendency of stability. Thus, in 2021 my anual losses will be aroun $13.000/m + +&#x200B; + +My plan. + +Strategy 1. Keep the condo, make more money, sell the condo in 2021. Selling now means $50.000 loss to save $16.000 over 2 years. On the other hand, I'm using these money for investments I'm managing to cover the losses, even with a small plus. + +&#x200B; + +Strategy 2. There's an expectancy that 2019/2020 - will be the period of recession. Condo and rent prices might go down which will increase the losses more than expected now. Thus - better spend 50.000 now, close the loss, get back on positive balance sheet and recover in the next 3-4 years. + +&#x200B; + +Can anyone, please help me with some suggestions how could this problem be solved ? + +&#x200B; + +My friend told me to write here and maybe some better strategies could be found. + +Thanks in advance ! + +&#x200B; + +============= + +UPDATE 1. + +&#x200B; + +Thanks a lot for all your comments and help and involvement !! + +After your suggestions, I'm considering: + +\- keeping the condo and selling in 2021. I will lose money anyway, but selling in 2021 has the least loss. Plus, if comments are correct, during a recesion rent goes up. Plus, if recession occurs, is strong and price goes down more - I'll have some more money (made with these 50K) to cover the losses. + +\- renegotiating interest rate with the lender before 2021. + +\- shortselling (capital loss can be carried forward as a capital gains loss and can offset any other capital gains, further reducing tax liability \[[adoodle83](https://www.reddit.com/user/adoodle83)\]) + +&#x200B; + +The decision to buy this condo wasn't only mine. I asked around. But we are biased. Bying the condo was a mistake, a serious miscalculation, I was played very well. Thanks to Daniel Kahneman's and Robert Chaldini's books - I now understand better the biases and the persuasion methods and I found the methods that were used on me. Most important lesson from this - always talk to other people who would be less-biased and non-involved. + +&#x200B; + +THANKS ! + +&#x200B; + +============ + +UPDATE 2. + +After a discussion with [pdoherty972](https://www.reddit.com/user/pdoherty972) an intriguing idea has come up: + +&#x200B; + +after the condo is paid (in 25 years), the final price will be 320K + interest 4%/year average, by 25 years = additional 320K. So the real price for this property is 640K. Additional repairing + special assessments + unpredicted things - have to be considered, let's put 1000$/y = 25.000$, final value = 665.000$. + +Rent now is 1350/m, 16.200/year, this is 2.5%/year from condo's real value. Over 25 years (mortgage duration), the rent will pay around 62.5% from condo's value. + +In a best case scenario, rent increases by 1%/year, that's additional +13$/month. Condo fees also increase hopefully not more than 2%/year (-9$). the difference of 4$ gives additional 1200$ over 25 years. Meaning - nothing significant that would compound the mortgage+condo fees +property taxes losses. + +Finally, over 25 years I will have a property that costs 665.000$ this property was paid by the tenant with 416.000$, thus 250.000$ will be paied by me alone. + +Probably, this would mean that property's real cost is 250.000$. If considering a rent of average 1400$/month, this would mean a return of 6.7% per year. + + A 6-7% return would be in line with today's return from low-risk state bonds and it really seems that real estate investment is worth a risk. There are probably some errors in these numbers though. Additional analysis would be needed. +Like Peter Lynch says all the math you need you learn in 4th grade. He also says value investing is really about how much you can stomach. That being said, do you guys have any methods you use to keep your head straight when things go super red? I just started buying stocks last year and aside from one stupid play which cost me about 2.5k in losses, I’ve been picking solid stocks and have faith in them. One thing I’ve noticed is that I get psyched out when I find something decent and it starts taking off. I’ve convinced myself now to put it on a watchlist for at least as long as it takes for me to do DD. What I’ve found is there’s far more things that have not panned out than that would have if I jumped on them. + +Overall I’m disappointed in my loss but I definitely deserves it as I was playing it like a casino. I chalk it up as a stupid tax/lesson learned but in a way it is really good to learn that lesson early as I am only 23 and have time to make up for it. + +Basically if you find value how much do you gotta rush into it usually? +I am used to being a tipped employee. My first salaried check was for $1,211 (bi-weekly) and after bills, and one unfortunate night out partying, I'm nearly broke. Before, I was able to go out and spend money a little friviously because I knew I would be making more the next day. Now I feel as though I'm making LESS money, even though I'm working 60 hours a week. I know, I need to buckle down and not have splurge nights like that. + +But even excusing that, I feel like $800 a month in taxes is far too much. Am I off base here? +I know a lot of people aspire to have passive income so I wanted to post about my experience being an accidental landlord. As a brief background I moved in with my partner so rented my leasehold 2 bed flat in London out. + +The people who moved in have been great, paid on times and minimum issues. I have tried to be good to them by keeping rent at below market rates for them. Being zone 2 it is a high rent and all counts as income which has other impact on tax, child care etc + +However with the tax on rent at 40% and interest rates going up it looks like I'll have to sell up. My current net profit on the place after taxes, service charge, insurance etc is around £250/month. With the remortgage rates it would be about £5/month even if I increase the rent. + +I'm not in a position to be able to buy the freehold (other leaseholders aren't able to at the moment) so not much I can do on service charge or interest rates. + +This is *not* a post for sympathy as I have made a good capital gains profit over the 10 years I've owned the flat (even counting the expensive divorce) but more wanting to make people aware. + +If I reinvested the money I would look to either do in a commercial property via a sipp or set up and buy via a LTD company. Any resi properties would be in other locations (probably NW so Manchester or Liverpool) but issue are that be depriving other people of family homes too. + +If anyone has advice on if I can put the property into trust/children's names do let me know but I believe those options are limited and not nearly as efficient as they once were. + +Being leasehold I've been slammed by the freeholder on some random charges and costs that eat into the tiny profit. + +If anyone is interested the rough numbers are below + +Rent £1850 +Mortgage £650 +Service charge /insurance £250 + +Net income 1110 (rent - 40%) - £900 = £210 net profit + +Edit: it is an interest only mortgage on the property +Alright. Let's hear it from all of you. How would you solve this housing crisis? + +Housing in Australia is some of the most unaffordable in the developed world. But neither of the major parties wants to take direct action to tackle. + +Still if you could how would you? +I want to provide an update on the RRGs, but will write more about each sector every Monday. + +https://preview.redd.it/qnmn4vg9y5q61.png?width=1600&format=png&auto=webp&s=f9b3b5903b1825bb4c081574e3699ab21a508e02 + +&#x200B; + +https://preview.redd.it/wrf3wykay5q61.png?width=1600&format=png&auto=webp&s=c43190e2aa94770d86dc7842e53e51d81488baf7 + +&#x200B; + +https://preview.redd.it/hbo64n6by5q61.png?width=1600&format=png&auto=webp&s=707abb9adf9711a3fced897fdd41fcc4f90ea890 + +You can find stocks within each sector [here](https://imgur.com/a/On8uxKi). + +Edit: Thank you for the gold! + (I am German, pls excuse bad english) + +**Just a little story for you guys to enjoy:** + +Like most people, I used to be concerned with status symbols. As a German, having a BMW was very important to me. Owning the latest smartphone was a must. I spent my money as fast as it came in. + +Then, a few years back, something changed when I became a little more aware of the world and I started to worry about everything there is to worry about. What if another world wide recession hits? What if I get sick? What if there is war or climate change? I was hyper focused on everything bad in the news. + +I then realized, how silly it is to spend 10 hours a day working, so my neighbour can envy my car. God damn pathetic. I used that car a total of 10 minutes a day. 5 Minutes to work and 5 minutes back. Germany is a small country. Texas alone is 5 times as big. Distances are tiny. I belong to the group of people who dont really need a car but like to have one. + +So I sold my car and something magical happened. I stopped spending money on gas, repairs, taxes, insurance, winter tires, summer tires etc. A few months later I checked my account and couldnt really believe how much money I had saved up. + +I then asked myself how much money I'd save if I didnt buy a new smartphone every year and casually became more and more minimalistic every day. If something breaks, I fix it instead of spending money on new stuff (including my 7 year old Samsung Galaxy S3 and my laptop). + +The one thing money buys without spending it is peace of mind. Imho there is not a car in the world, that can compete with that. When I go to bed, I close my eyes and I am gone. Far fewer worrying thoughts and money problems. Its amazing. +Not new news as I saw it posted yesterday. However, I was thinking last night how quickly they decided to close the doors or come out and say they are withdrawing from short-selling activities AFTER the DOJ has announced they are investigating. + +Oh boy, you have to wonder how many shares are floating around that they just created hoping to magically make them vanish via bankruptcy. + +Headlines the same week the US launches criminal probe into short selling by hedge funds. *The United States Department of Justice is digging into how hedge funds tap into research and set up their bets.* + +**Tybourne Capital Management** is following Landston Partners in withdrawing from short-selling activities, one of the hallmarks of hedge funds. Tybourne to Shut $2.8 Billion Hedge Fund + +* Tybourne Capital will return fund money over coming months +* It will focus on long-only and private investment funds. + +Hedge Fund **Athanor Capital** Will Return Client Cash in Move to Family Office + +**Anchorage Capital** to Close $7.4 Billion Hedge Fund as Ulrich Era Ends. + +* Anchorage Capital is said to be shutting down its flagship hedge fund and returning money to investors. +* Anchorage Capital, run by CEO Kevin Ulrich, is known for managing investments in credit, special situations and illiquid opportunities in North America and Europe. The bigger entity Anchorage Capital Group LLC is said to have an AUM of about $28B as of May 2021, Bloomberg reported at the time. +You think I'm joking? Not even in the slightest. Let's look at some numbers. When the short interest on any stock exceeds 100%, shareholders set the price. It’s literally that simple. This is because when shorts cover they will have to buy back **100% of all shares ever issued**. Now even if tons of people paperhand and institutions sell, (neither of which I think will happen to a large degree) HF's still NEED your shares, because you alone own a small percentage of the float, and they need to buy back every last little percent of it. Not 99.5%, not 99.999999%, they need to buy back 100% of the float. You thought that sounded good? Let’s look into the specific case of GME, where shit really gets fun. The short interest is somewhere between [250%-](https://www.reddit.com/r/GME/comments/m19oh7/true_short_interest_could_be_anywhere_from_250_to/)[2000+%](https://www.reddit.com/r/GME/comments/mewkf8/thesis_si_is_upwards_of_2000_gme_is_a_100/). Combine this with the fact that [retail](https://ibb.co/zPmHgCN) owns [over 100%](https://www.reddit.com/r/GME/comments/m7x2gq/dd_i_did_the_math_there_is_literally_no_doubt/) of the float and this rocket ship just changed its course from the moon and beyond to *the fucking edge of the observable universe*. As we now know, when SI is over 100% of the shares issued shareholders set the price. In the case of GME, the SI being between 250% and 2000+% means that these HF’s will have to buy the float somewhere between 2.5 and **200+** times over. Because of this, **THE PRICE WILL RISE INFINITELY UNTIL ~~EVERY SINGLE SHARE IS COVERED~~ SHORTS HAVE COVERED SO MANY SHARES GME IS BACK TO THE ONLY THE ORIGINAL 69 MILLION SHARES, NO PRICE IS TOO HIGH**. If your ape brain doesn’t have the capacity to fit more than 1 sentence in it, then just remember that one. So when speculating about possible prices, literally no number is too large. 20 million/share? Way too low. 50/million? C’mon lets actually think big. 100 million/share now you’re going in the right direction. 420,690,000/share? Now you’re thinking like an ape. + + + +**But /u/mpraisinman, they won’t be able to pay that much per share! The DTCC will go bankrupt and the world economy will crash! The Government will cap gains!** + +Worry not my fellow ape, this is completely false, and for a few reasons. DTCC insurance and the geometric mean, as well as the fact that GME is now an international phenomenon, so the eyes of the world are on the U.S. They will not step in because if they do they lose that sweet sweet 37% capital gains tax which will be used to help fix the mountain of debt, people would lose trust in U.S. financial markets (still weary from 2008, this would be the nail in the coffin) and invest their capital in overseas markets rather than the U.S. Also remember that the DTCC has filed multiple new rules to protect themselves by completely sucking dry every single short HF. Rule 801, what I like to call the fuck you pay me rule, is my personal favorite as it allows them to margin call short HF’s whose positions bear too great a risk. Now these HF’s have a lot of money, but they don’t have trillions like the DTCC does. In fact as of 2019, the DTCC had [$54.2 Trillion](https://www.dtcc.com/about/businesses-and-subsidiaries/dtc) in assets and are insured for $60 Trillion. Even if GME completely bankrupts the DTCC, the bill is simply passed along (just like it was from HF to DTCC) to the fed, the guys with literal money printers. From there the fed will print the required amount of money to pay out each and every ape. And now that you understand that apes will get tendies no matter the pay out, this is where your new favorite math equation comes in. The geometric mean. The geometric mean basically states that not all shorts will be covered at the peak. Say 50% of shorts are covered at 10k, because boomers and 🧻 🤚🏻 sell, 25% sell at 100k, 20% sell at 1 million, and 5% sell at 100 million, then the payout isn’t even that insane. /u/Raught19 made a [great post](https://www.reddit.com/r/GME/comments/m9td6w/estimations_for_the_total_payout_of_gme_based_on/?ref=share&ref_source=link) earlier talking about prices about what the payout would be up to 20M. Well now lets look at the payout for some bigger numbers. First I calculate the geometric mean to get the geometric mean share price, then I take that number and multiply it by 69.4 million, all GME outstanding shares. I understand I could use the float but I would rather use too large of numbers to account for max pain. I will also then recalculate these numbers assuming there are 140 million available shares and 400 million available shares to account for counterfeit shares that are in the system. (more on that in the next paragraph) According to the geometric mean, the payout for the DTCC at $100,000,000/share would be $9,330,372,976,600, or $9.3 Trillion @ $$133405.397 per share (geometric mean). See, not even close to bankrupting them so lets keep going. 250,000,000/share payout would be $14,638,712,030,000, or $14.6 Trillion @$210932.45 per share (geometric mean). 1,000,000,000/share payout would be $29,277,424,060,000 or $29.2 Trillion @$421864.90 per share (geometric mean). Now if there are 140 million shares, then the payout for each of these doubles, and for 1 billion per share the payout wouldn’t even be more than assets the DTCC has available, which can be liquidated. If there are 420 million shares, the payout increases 6x, so the DTCC would go bankrupt (assuming complete liquidation of all assets and full insurance coverage) at $500 million with a $298303.53 per share geometric mean. So that is when I will sell my first share. + +**So let’s learn how this happens, so we're on the same page.** + +Watch the first 9 minutes of [the dark side of the looking glass](https://youtu.be/qtkaMx12otQ) to understand how FTD’s skyrocket the SI to ridiculous numbers, and then [watch these 3 minhutes](https://youtu.be/qtkaMx12otQ?t=2323) to understand what happens with a FTD squeeze. For those of you who don’t want to watch the video, I will give an apeish summary of what shit this stirs up down below. Also, **DO NOT WORRY ABOUT THE GRANDFATHER RULE, IT HAS SINCE BEEN TAKEN OUT.** Straight from the [SEC website](https://www.sec.gov/divisions/marketreg/mrfaqregsho1204.htm) +> “As initially adopted, Regulation SHO included two major exceptions to the close-out requirement: the ‘‘grandfather’’ provision and the ‘‘options market maker’’ exception. Due to continued concerns about fails to deliver, and the fact that the Commission continued to observe certain securities with fail to deliver positions that were not being closed out under then existing requirements, in 2007 the Commission eliminated the ‘‘grandfather’’ provision and in 2008 the Commission eliminated the options market maker exception.” + +**ANYONE PROMOTING THIS RULE IS SPREADING FUD AND MOST LIKELY A SHILL**. So basically the broker dealer gives out stock IOU’s, that will eventually turn into strategic failure-to-delivers through the use of continuous net settlement. In ape speak, I don’t actually give you your banana that you bought, instead I give you an IOU that can be cashed in as a banana, and you should be given a real banana within 3 days. But they actually never give you a banana, instead you sit on that IOU as they create counterfeit bananas by essentially [borrowing the same bananas](https://smithonstocks.com/part-7-illegal-naked-shorting-dtcc-continuous-net-settlement-and-stock-borrowing-programs-have-loopholes-that-facilitate-illegal-naked-shorting/) over and over. As Dr. Patrick Byrne points out, a few of these FTD’s does not cause an issue, but when there are 50-100 or more FTD’s for every 100 real shares, it increases the supply, dilutes the stock and in turn decreases the price significantly. Here is the supply and demand curve [before counterfeit shares](https://ibb.co/FY9SJnk) and [after counterfeit shares](https://ibb.co/CJsQ0p2) have been created. Now for the good news, a short squeeze with FTD's/counterfeit shares actually completely [separates](https://ibb.co/3RsgqLD) the supply and demand curves, they no longer meet, and per Dr. Patrick Byrne "**there is no market price**, the market snaps, THATS volatility." He is essentially stating what I mentioned earlier, how the price will rise to infinity because there are more shares in existence than were ever issued! + +^(Now the main part of this post is finished, but here I will give my reasoning for posting this, as well as addressing counterarguments. Also please poke holes in this DD, see if I missed anything or if you yourself can give more insight on anything I mentioned. Apes together strong!) + +My reason for making this post was because ever since the great ape migration from r/GME to r/superstonk, I have been seeing a ridiculous amount of FUD regarding low price anchoring(100k or less), and new apes or possibly shills claiming that the US government will step in and cap this thing. I rarely saw the former in r/GME, and barely ever saw the latter in r/GME. This was because apes understood that the government would not step in because this is now an international issue, people would lose trust in U.S. financial markets (still weary from 2008, this would be the nail in the coffin) and invest their capital in overseas markets rather than the U.S., and that the 37% capital gains tax that they will be getting on these shares will be just what they need to help fix debt. You would think that it would be mainly long time apes who already understood this transferring to r/superstonk, not completely new apes who’ve not yet read any DD. This leads me to believe that proportionally, r/superstonk has many more shills than r/GME did, and may be under a new wave of FUD attacks. It makes sense from the enemies point of view. Destroy r/GME by making members lose faith in the mods, forcing apes to relocate and when they arrive at their new home flood the place with FUD to further demoralize them. **THIS SHOULD COME AS NO SURPRISE TO APES, THIS IS A [TEXTBOOK FUD](https://ibb.co/RcjdSBf) MANEUVER**. It’s literally divide and conquer, with some extra FUD thrown in to make the conquer part easier. **BUT WE ARE FUCKING APES! APE TOGETHER STRONG!** + +Counter arguments: But can’t these HF’s buy these paperhands’ shares and then sell those same real shares to other HF’s to cover their ridiculously huge short position? +Answer: I really don’t think this can happen, and here is why.. When the squeeze is happening, these HF’s will be margin called so **THEY WILL NO LONGER HAVE CONTROL OF THEIR FUNDS**, the ones that margin called them will. The DTCC themselves will be the ones covering their short positions. These HF’s will be unable to sell their gme shares that they just bought to other HF’s to bail them out for cheaper than an ape would. And even if by some insane off chance that the margin call glitches, and they are able still in control of their accounts (they won’t be thanks to rule 801) these guys are sharks and will not helps their “friends”. They will be selling at disgustingly high prices in order to recoup their tremendous losses and not have to foreclose on their hampton mansions and ferraris. And also, why in the fuck would the DTCC even let them? If they resell these shares for cheap to their friends, then the DTCC will be footing an even more massive bill, and their isn’t a snowballs chance in hell that they will be footing any larger of a bill than they absolutely need to. We’re talking about a company that processes over [2.15 QUADRILLION](https://www.crowdfundinsider.com/2020/06/162093-dtcc-processed-2-15-quadrillion-in-securities-in-2019-and-its-looking-at-distributed-ledger-technology/) in securities a year, they are the top dog. + + +^(This is not financial nor investment advice. These are ideas and opinions for information purposes only. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this site or in this post, expressed or implied herein, are committed at your own risk, financial or otherwise. I just like the stock.) +I’ve often wondered what the demographics of first-class fliers looks like. I could technically afford it easily but still have a really hard time justifying paying such a premium on slight comfort improvements. For long-distance flights and lie-flat seats I can sort of see a bit of the appeal, but otherwise is it just business travelers spending company money? Or is everyone in the first-class cabin making well into the 7 figures? Or are they just less averse to spending their money on stuff like that than I am? I’m not necessarily stingy with money but somehow first-class air travel feels like the last frontier of leaving my past self behind, and I’m not sure I want to. + +What are your thoughts on the topic? Does everyone here fly first class without a second thought? Private? +Thought I would add something for a change, take this FWIW. Here is my strategy: + +1 - DCA +I am buying this week. I will be buying next week and the week after. Catch a falling knife, wait for the bottom, blahs blahs blahs. I am buying. I am mostly in index funds, although I have positions in several large companies also. I have been around a while, possibly longer than many people here. I was also buying in 2008 when people were freaking out and I have done quite well + +2 - Unsubscribe from this sub +Seriously. This place has become a fear mongering echo chamber lately. Last week people were asking if they should buy at all time highs. Now people are shitting themselves because everything is on sale. I am going to Unsubscribe and try to focus more on my side hustles to generate more cash for buying (see item #1). I am not saying this to be a dick. I am saying it because it is legit unhealthy to freak out and surround yourself with other people that are freaking out. + +Take a deep breath. New flu strains surface from time to time, it is very cyclical. Yes, things will get a little worse, but it will rebound and people who buy will be the beneficiaries (don't buy with your rent money obviously, just be smart). Watch what happens when a vaccine is announced. + +Just my two cents. I am going to Unsubscribe now and go for a run. Because good mental & physical health is key. + +Downvote away and peace out brothers. +Some states have various rent reimbursement programs, but it always sounds like there are tons of tenants who simply haven't paid their rent and haven't been evicted in the past year. How are all of the owners able to afford the mortgage payments during that time? +This morning I woke up, still jacked to be apart of the movement... then I see all these posts trolling citadel, sending packages and making prank phone calls... why? + +That’s completely undermining everything this movement has stood for and all the pledges I’ve seen go out about how to help society and change the world and be better people because of it and the tendies gained... +Why not sit back and enjoy (earn) the tendies in peace and forever give a silent nod to our fellow apes for the job well done? + +This will probably get buried, but come on guys... I have no DD to share because I’m an idiot but I still know what feels good and what doesn’t. This does not. And this is not the way. We are better than that. +See y’all on the moon, but in good faith. Now I understand what Dont Dance means.. please don’t. It’s tacky. + +Edit 1: did not expect this attention, but I’ll take it.. to say this, this was not meant to “create a divide” nor was it to tell anyone how to act. Despite being apes, we are all adults and capable of making our own decisions. Understood and agree. It was more about mentioning a nod to integrity and hoping greed, as well as harassment for clout does not ensue. I respect everyone here and the reason they buy the stock is of course their own personal reason. If you don’t like calling this a movement, then that’s fine too. But everyone has to look at themselves in the mirror now, during the squeeze, and most importantly, after the squeeze. Carry on, and do what you think is best. +No disrespect and much love. +✌🏼 🦍 +I am 29, I work in startups, and I see everyone absolutely losing their shit right now. Some of the best names in small-cap tech (Shopify, Snowflake) are down \~70%. + +My personal Net Worth (mostly index funds but probably 25% crypto + tech stocks) is down from \~$775k start of the year to \~$550k now. I'm worried my high-paying job may not be there in a year so am thinking of looking elsewhere, but I love my team, company, and our mission. + +a) **What was your story going through and emerging out of the dot com bust?** + +b) **What was the difference between you recovering quickly, both financially and emotionally, relative to your peers** (presumably you're on r/fatfire for a reason) + +Any advice you would impart to someone in their late 20s/early 30s in tech entering this macro-environment? +How does this stat not absolutely mean we are super F$/&? Babyboomers have pensions to rely on, but following generations do not have pensions and will still need tens of thousands in basic services and benefits per year. + +I really am not understanding how America can not devolve due to this imbalance? + +Not sure if this is the place to unpack this question, but the perspective here should be interesting. Anywhere else I can post? +**A little backstory:** I (29 y/o, $58K/yr) received a very good financial education from my parents growing up, and have worked hard to stay debt free. I have invested well and developed a reasonable amount of savings, but I was married ~2 months ago, and this past weekend, my spouse (26 y/o, $41K/yr) came clean about her debts to me. + +**The situation:** I had her consolidate all of her account information/logins so that I could get a clear picture of what the damage was. She had $17,000 in credit card debt (between 4 cards) and still has ~$8,000 (@8.5%) remaining in student loans. She was very embarrassed and apologetic, and said that she hadn't told me for the past few months because she was afraid of how I would react. + +I reacted well, did not get angry, and thanked her for not keeping this from me longer. I expressed that "This is a financial emergency" and went into "Let's get this taken care of" mode. I transferred ~50% of my savings out to immediately pay off all of the credit cards. We cancelled all of them except for the one that she's had open for several years (for the sake of maintaining her credit), but we shredded it so it can't be used again and will continue to monitor the account. + +I am now kind of giving her a crash course in credit cards, etc, and we are consolidating all of our finances in a way that makes them easier to manage. I've made her an authorized user on one of my cards so that we can monitor spending/cashflow together. + +**My questions for /r/personalfinance are these:** + +1) Should I go ahead and just pay off the student loan as well? + +2) Should we just cancel the remaining credit card, or should I leave it open and just not use it ever again for the sake of her credit health? (If this even makes sense.) + +3) As of right now, we have worked out a "repayment" plan where she will be transferring $500 out of every paycheck into a new savings account that we created together. She will continue this until the balance of the savings account is $17,000. This will then be used for down-payment on our future home. Is having her on a plan like this too strict or wrong of me? Should I just brush this off to having been a lesson learned? + +4) I am having a hard time mentally moving past the fact that it took me so long to save that $17K... I love and trust my wife, and I am committed to her. I know that paying off the debts was the best decision, but I can't help but dwell on the fact that I feel like I made it too easy and non-consequential for her. This feels like an unhealthy mindset. Any guidance for me? + +Any advice or suggestions here would be greatly appreciated. Thanks. + +Edit:[ My update, and a thanks to personalfinance](https://www.reddit.com/r/personalfinance/comments/532294/newly_married_spouse_disclosed_her_debts/d7pfs8t) +Background: I have several DD’s in the HOF and other expository pieces that explain what Citadel is doing and the strategic significance of their actions. I usually take awhile to write (I’m still working on *The Sun Never Sets on Citadel, Part 4* which should be out in 2 weeks), but I saw some events today that deserve a post. + +**ICYMI, we have seen some significant events in the past TWO TRADING DAYS:** + +* Bloomberg alerting that there may be a squeeze +* 45 minute delay in getting $GME data this morning (s/o u/justtwogenders) +* Borrow rate jump to 3% today +* Major data glitches (s/o u/bronkula) +* What appears to be the $GME ticker being priced on “manual” instead of “automatic” (s/o u/justtwogenders – again!) +* A 10%+ bump in $GME (woot!) +* ~~NYSE is FUCKING CLOSED AH (s/o u/Tartooth)~~[edit: debunked, still open] +* The Fed building an options desk in Chicago (WTF?) (s/o u/welp007) +* **IKBR revealing $GME as the top shorted ticker** (s/o to u/jdudisiajendhd) + * (...and props for acknowledging the math error, though don’t delete those debunked posts! Put a disclaimer on top, it’s still informative even if debunked) + +And even more in the past two weeks: + +* The Plunge Protection Team is suspected to have staved off economic collapse via an obscene volume of SPY puts, like they are OG r\*tards on double-u-ess-bee +* The SEC tweeting about suspending tickers, dissolving firms +* NFLX, TSLA, AMZN, FB, and other Citadel longs have all dropped precipitously in price (s/o u/kaiserfiume) + +Taken individually, each of these points is interesting. Taken in sum: + +#TL;DR – It appears like Citadel ~~has~~ *may have* been removed from $GME, and the Fed is taking over. + +My logic: + +* Citadel is one of, if not the, largest **options MMs** in the US + * That the Fed has *built an options desk in Chicago* and has already *massively jumped into options* shows that this is not a far-fetched “hypothetical” + * I suspect the Fed has assumed the job to make sure $GME doesn’t break the entire financial system, and will take related options from Citadel +* Citadel is the largest MM in the NYSE. Their role as DMM is to set the opening and closing price of securities they are responsible for. + * That there were opening issues for $GME for 45 minutes AND ~~the NYSE is down after hours,~~ AND there being data issues, to me, is significant. + * Citadel is deeply intertwined with NYSE operations, and aligning with a new entity (i.e. not Virtu) would be exactly this disruptive. +* The blow of $GME’s increase in price, plus the punch of shares being increasingly difficult to locate (DRS FTW BITCHES), plus the blow of asset value decline could be pushing Citadel to default territory. + * The decline in value of Citadel’s longs would be the double-whammy; they would be selling their positions, while ALSO lowering the value of any remaining positions in those tickers. + +Now, it could also be that Citadel is on the ropes with $GME. The Fed is laying the groundwork to jump in once it takes off. Citadel could still have control. This could also be true. + +But… + +&nbsp; + +#IBKR acknowledging the $GME short volume is MASSIVE. I see this as the white flag from the institutions + +&nbsp; + +THE LAST THING these guys want is another “sneeze”-like setup. + +* [Edit: They have held the borrow rate at 1% for this long, and have not needed to disclose shorts. They don't need to disclose. So why announce now? What changed?] +* Retail fomo-ing in on GME, which just had a fucking *MOVIE* come out about it *THIS WEEK*, is a REAL possibility. It’s like an underground fire that can re-ignite the surface. Explode, actually. +* The financial institutions are not sure they are able to control the narrative. Even with all of the shill accounts, it could get out of hand extremely quickly, and *everyone* could jump back in. +* So, the fact that they are disclosing a massive short position? That *HAS* to be intentional. + * [Edit: the financial firms and their media mouthpieces have acted in tandem to suppress short information up to this point. So announcing $GME short positions is usually a no-go] + * Questtrade shat themselves over an email disclosure this week, let alone announcing an undisclosed ocean of shorts. + +&nbsp; + +I’m happy to be wrong on this, but I’m calling out what I see. It's starting to look like the Fed has called the match and is stepping in. + +The question that remains is: how much of Citadel is the Fed taking? + +[Edit: Again, this is only my perspective on an extremely interesting constellation of events. A counter-constellation would be that these events are happening the same week the movie is out (scheduled for release awhile in advance) - so it'd be easier to create some kind of hopium trap. That said, I'm not sure that they are confident in preventing a squeeze. Announcing short interest is playing with matches around gasoline fumes...] + +[Edit 2: Okay okay, this is one of them old-timey hopium posts. Circumstantial? Totally. Relevant? Yes. People readying their bodies? Oh yeah. DRS is the way, folks, and options are power. And remember: OPTIONS for at least T+35 after... what was it, 1/21? Check gherk's posts.] + +[Edit3: Another plausible explanation is that Citadel is under greater duress due to shortage of shares, and is struggling to continue their usual pricing mechanisms. They may also be updating their algorithms, etc. But there are several juicy pieces (Fed desk, borrow rate increase, announcing short positions, Plunge Protection Team not disclosing why it was going to plunge) that are indicating we are no longer "business-as-usual". Something's brewing.] +I did a valuation of Foot Locker ($FL) and I was not expecting such a wide gap between the price and the value as it is a fairly boring company. + +They've been growing a bit over the inflation rate (50% revenue growth in the last 10 years, 4% on average YoY), trading below 5 P/E with a fairly stable operating margin of 8%. + +A strong and healthy balance sheet with good cash management and relatively low debt (mainly leases). + +Below is a link to my video where I explain my assumptions and go through the details. + +[https://www.youtube.com/watch?v=YMfCBqlAzzo](https://www.youtube.com/watch?v=YMfCBqlAzzo) + +Feedback is always appreciated, so I'm looking forward to reading your comments. I'd like to read your thoughts on this company, but also feel free to share other companies as suggestions for me to value. +Hey, it's me, another fucking guy who hasn't done enough of his own research to merit any sort of self-respectable opinion on how to put money away. I make sure to put some money away for savings aside from this £100, but with that said, what do I do? Put it into one fund such as Vanguard 60%, or diversify and split it down into 3-4 spots, being that we only have £100 to work with. + +Thanks for your time, and I understand if you want to simply tell me to fuck off. +Like the title may suggest, I used to be a WSB degenerate. I'm young and dumb, have saved money since before emerging from the canal, and was heavily enticed by insane & improbable returns from options. + +It all started early this year when I hit 10,000 dollars in my savings account and kept seeing about .08 per month in interest. (Yes, only 8 cents.) I thought "wow! I'll only have 1 extra buck at the end of the year from interest on 10 grand..." That wasn't good enough. + +March is passing through and covid is picking up. Lockdowns were starting and I knew if I wasn't working and my money wasn't working for me, it had to go somewhere better than the bank. I learn alot through YouTube and reading articles about stocks and options expecting to be able to throw money in at this low point and hold for a fat return. Then I saw what some of the autists from WSB were doing to seemingly win the lottery. Monkey see monkey do, but I'll make this shorter: That doesn't work. + +I happen upon the idea of these "covered calls" and thetagang instead of way OTM yolo calls. Instead of 8 cents a month I'm able to make about $350 a week on theta. Or 1400 a month. Feels good. + + +This is the way...and I appreciate the many of you who have shown me. +Is hyper inflation a possibility in our country? Our government seems keen on more and more spending. $400 million of debt per day. Is this a problem? +Greetings apes young and old. I’m the guy that found Kenny’s jet on the ramp a while back. Hope all your holidays are going well. + +I’m not only happy the price is falling, I’m relieved. I’m waiting for the day I wake up to premarket prices in the single digits. + +For those of you that are like me, 10s of thousands in the red. Just know that you couldn’t have timed it better. + +If it weren’t for buying and holding since 3, 4, or $500, we wouldn’t have gotten to this point. It’s not a sacrifice monetarily since we know we’ll get paid. But it is a sacrifice of your time, effort, possibly your mental health and maybe it’s caused some hardship for you. + +For that I thank you, because this only works because of your sacrifices. + +And for the new apes that recently stumbled upon this movement now wondering if you made the right decision since you’re in the red. I’m sure you have many questions. If the question at the top of that list is if the investors to your left and right will still be here when the storm rolls in. + +They will be +https://www.caixinglobal.com/2020-05-15/kangmei-pharmaceutical-fined-84600-for-126-billion-fraud-101554230.html + + +Kangmei Pharmaceutical Co. Ltd., the Chinese drugmaker marred by a financial fraud scandal, was fined 600,000 yuan ($84,600) by top securities regulators for inflating revenues and fabricating bank deposits. + +Fines ranging from 100,000 yuan to 900,000 yuan were imposed on 21 Kangmei employees for their roles in the violation, the China Securities Regulatory Commission (CSRC) said Thursday. Six executives were banned from working for listed companies or companies in the securities industry for periods ranging from 10 years to life. + +Some people involved in the case were turned over to judiciary authorities for criminal investigation, the CSRC said. + +—— + +(PosterNote: The boss was arrested recently and reportedly will be sentenced to "2+ years in prison", who repeatedly claimed it's no fraud just accounting errors.） +Walking home today wearing my LKE shirt , some fucker bumped into me and instantly started talking shit about uraniun being the best mineral. tried to remain calm and explain to him that lithium was actually the best mineral, but he wouldn't take a hint. He started throwing around words like "Zinc batteries are cheaper to produce", and "PEN to the moon 🚀🚀🚀 so I lost it. Punched him right in his pen holding fuck face. + +I hate uranium so goddamn much +Hello all. Woke up this morning to see my mailbox (and all my neighbors) had been literally pried open and gutted. It's been about three or four days since I last checked it, and I hand't received my W2's last I checked (which always go out in January) so I'm assuming the worst and that they were taken. + +&#x200B; + +I've already filed a police report. What should I do now? What should I look out for? +We live in really nice suburb with 9/10 and 10/10 public schools. Basically, people move to our area for the school. We never thought of going to private school before. + +Our son goes to a private school (50K tuition + donation) at the moment because: + +1. When he was in transitional kindergarten (before Covid), we put him in private school because of the hours (public school ended way too early). + +2. Then Covid struck, with the debacle of online learning and public school lack of resources, we decided to stay put at the private school. + +My son is happy and well adjusted. He loves to go to school everyday. His EQ is amazing and we are not sure if he’s naturally gifted like that or it’s actually the school. However, the tuition keeps increasing every year and we pay more than college tuition for first grader. + +My original thought was the the private school gives him connection to the well connected family in town. However, with flexible tuition, I have noticed that the school has no standards of acceptance and we found that we constantly got hit for donation to subsidize the tuition for others. + +We are not fat fat as most here. + +Income this year is 900k, net worth:7M (give and take). + +Our income will not go up, we are in tech, mid 40s, and we don’t go on managerial track. More likely, our income will go back to 500-600k or remains the same after the stock calms down in the next few years. + +We want to move our son to public school but we are afraid that we make mistake as he’s thriving at the moment. 50-60k is going to be tough for the next 15 years but we can afford it (assuming we continue working). + +Anyone has done something similar and what’s the outcome? +With the insane growth in these markets since 2017 it’s fairly easy to assume we’re in a bull market. How long do you think we will have this incredibly positive crypto market? With projects without even a demo reaching enormous inflated prices it’s downright scary to think about how much $$$ could be lost strictly from peoples fomo. At what market valuation do you think crypto as a whole will reach before we can expect a downturn? +Ok, I continue to see misinformation being spread in this sub that shorts are benefiting from these zombie stocks. It's not true, and if it continues, can intentionally/unintentionally be spreading FUD to Apes, making them think SHFs are somehow in control of this and able to continue dragging it all out. + +Let me be clear that this is not the case. + +I've received numerous requests to cross-post DD I've been linking in my comments on this matter. Here's an excellent DD on the zombie stocks. This DD is not mine, all credit goes to [u/Tripartist1](https://www.reddit.com/user/Tripartist1/) ( [https://www.reddit.com/r/amcstock/comments/phm879/lets\_clear\_some\_thing\_up\_about\_zombie\_stocks/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/amcstock/comments/phm879/lets_clear_some_thing_up_about_zombie_stocks/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) ) + +DD pasted below (edited for compatibility for r/Superstonk): + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +I have seen a lot of contradicting information today on these stocks and I'd like to spark some real discussion and critical thinking on the matter. I firmly believe there is FUD and narrative pushing going on because we've uncovered some REAL skeletons this time. "they're pumping to increase their books bc they're long these stocks HERR DERRR". Yeah. I call shill. + +So, here is what we know: + +* So called "Zombie Stocks" have run ups at or prior to periods of high buying pressure on GME +* "Zombie Stocks" are not publicly traded (but this doesn't mean YOU can't buy them. More on this later) +* SHF will short companies they believe to be dying, into oblivion, likely creating many times the float worth of synthetics with complicit MMs +* The lower the share price of a shorted stock, the more money they make on the short +* Taxes do not need to be paid until a gain is realized + +Let's start piecing this together with a short timeline scenario... + +Blockbuster denies a purchase of Netflix, starts losing market share, streaming starts taking off, things look grim for it's business model. SHF see this as a prime opportunity to make some easy money, they short the company into the pit. The ultimate goal here is to drop the share price to under $1/share. Why? Well, take a look at the requirements for being listed on a public exchange ([source](https://www.nyse.com/publicdocs/nyse/listing/NYSE_Initial_Listing_Standards_Summary.pdf)): + +&#x200B; + +https://preview.redd.it/d227nnczqpl71.png?width=925&format=png&auto=webp&s=7efe6d130132af3217aac4228334273cbcf03b36 + +NYSE Requirements + +As you can see, there are quite a few requirements that need to be met to get listed, and the same goes for STAYING listed. From [Investopedia](https://www.investopedia.com/ask/answers/09/stock-delist.asp): + +>Listing requirements vary from one exchange to the next. For example, on the [New York Stock Exchange](https://www.investopedia.com/terms/n/nyse.asp) (NYSE), if a security's price closed below $1.00 for 30 consecutive trading days, that exchange would initiate the [delisting](https://www.investopedia.com/terms/d/delisting.asp) process. Furthermore, the major exchanges also impose requirements related to [market capitalization](https://www.investopedia.com/terms/m/marketcapitalization.asp), minimum [shareholders' equity](https://www.investopedia.com/terms/s/shareholdersequity.asp), and revenue outputs. + +Cool. So if they can increase supply and distort a company enough to drop it under $1 for more than 30 days, it gets delisted. What's the point of getting it delisted? Well for one, there is a stigma around delisted stocks. They are much less likely to get investments from institutions, they can't be added to indexes, exposure to buying pressure is greatly reduced. + +Are you seeing the benefits yet? Once a stock is delisted it GREATLY reduces risk in the short position. But we still don't have the full picture yet. So let's continue our timeline. + +Blockbuster goes bankrupt, SHF succeed in getting them delisted, they hold massive short positions, potentially as much as $30 per share in profit. If they did to this company like we suspect in AMC/GME, then we are talking potentially 100s of billions of $$$, ON JUST BLOCKBUSTER ALONE. This is where taxes come into play. Since you don't pay taxes on unrealized gains, if you don't close your position on these dead stocks you never have to pay Uncle Sam. The question now becomes, how is this position useful/profitable if you never cash out? + +Meet leverage. When buying on margin, **UNREALIZED GAINS CAN BE USED AS LEVERAGE** ([Fidelity](https://www.fidelity.com/learning-center/trading-investing/trading/understanding-benefits-risks-margin)): + +>If your portfolio is dominated by a large block of stock from one company, such as a current or former employer, you could be putting too many eggs in one basket. **With a margin account, however, you may be able to use those shares as collateral for a margin loan. You can then use the loan proceeds to diversify your portfolio without having to sell your original shares of stock. This strategy can be particularly helpful if you have a large unrealized capital gain and want to keep it that way.** + +If you close your position, you are cutting your collateral for margin into fractions of what it could be by keeping these positions open. Why pay $50b in taxes on a $100b short position when you could use $700b on margin with that same position. Is it starting to make sense yet? + +So, this is all bullshit, sure, but how does it tie into GME? That is the question everyone is asking. We know they LOVE trading on ungodly leverage ratios, 7:1 or even more, and we now know that these positions on Zombie Stocks are likely contributing to a YUGE percentage of their margin collateral... + +So, what happens when one of their short positions becomes unmanageable, but they can't close that position without fucking themselves? Well, they start getting calls. Yep, *those* calls. And to satisfy those calls, liquidation has to take place. The runups we are seeing on Zombie Stocks are the CLOSING OF THOSE SHORT POSITIONS. + +As we have all learned, to close a short position, you must buy the share back and return it to the lender. But wasn't the stock delisted and no longer publicly traded? How do you buy a stock which isn't publicly traded? + +Welcome to the OTC Markets ([Fidelity](https://www.investopedia.com/terms/o/otc.asp)): + +>Over-the-counter (OTC) refers to the process of how securities are traded via a [broker-dealer network](https://www.investopedia.com/terms/b/broker-dealer.asp) as opposed to on a centralized exchange. Over-the-counter trading can involve equities, debt instruments, and [derivatives](https://www.investopedia.com/terms/d/derivative.asp), which are financial contracts that derive their value from an underlying asset such as a [commodity](https://www.investopedia.com/terms/c/commodity.asp).In some cases, securities might not meet the requirements to have a listing on a standard market exchange such as the [New York Stock Exchange (NYSE)](https://www.investopedia.com/terms/n/nyse.asp). Instead, these securities can be traded over-the-counter.1However, over-the-counter trading can include equities that are listed on exchanges and stocks that are not listed. Stocks that are not listed on an exchange, and trade via OTC, are typically called over-the-counter equity securities, or OTC equities.2 + +You see, being delisted doesn't mean you can't trade the stock. It means you need to jump through a few hoops to do so. Most reputable brokers have some way to trade these securities, whether that means calling and talking to someone on the phone, or using their mobile app, or opting into "penny stocks". The important thing here is that **you can buy (and sell) these stocks.** + +So SHF start buying from OTC markets to close these short positions on Zombie Stocks to sure up the books, and this causes a small run up of price due to the bid-ask spread in OTC markets being very wide usually. This means when we see runups in zombie stocks, **they are under financial stress.** + +So now when you see this image, does it jack your tits ([r/Superstonk](https://www.reddit.com/r/Superstonk/comments/ph3bfr/zombies_found_thousands_of_otc_stocks_correlating/))? + +&#x200B; + +https://preview.redd.it/avjiatczqpl71.png?width=1153&format=png&auto=webp&s=96a5e46daa562dafc2489ee841d76e87a70b200d + +&#x200B; + +Zombie Stocks '21 + +When you realize they have done the same thing to Toys'R'us, RadioShack, Sears, etc... It all starts making sense. + +Remember how [Jim Cramer compared GME to Blockbuster](https://www.msn.com/en-us/money/smallbusiness/why-jim-cramer-compares-gamestop-to-blockbuster/vi-BB1bN56n)? + +Or how about Ryan Cohen tweeting about [Blockbuster](https://twitter.com/ryancohen/status/1346943412663177218) and Sears? + +&#x200B; + +https://preview.redd.it/8l31v5fyqpl71.png?width=1280&format=png&auto=webp&s=adc290f88be7e59972754b8a1b66103decf1f750 + +RC Sears Tweet + +Apes are shedding light on the literal foundation of the SHF business model. And we've been getting hints the whole time... + +Bonus: Who remembers the amendments to Rule 15c2-11? Changes to OTC markets to take effect this month? Limit buying of OTC stocks? Prevent brokers from pushing OTC quotes? Now, I'm not saying there's anything here, but it definitely FEELS like preventative measures.. You wouldn't want millions of Apes piling into a stock at $0.005 per share when you have billions of shorts there now would you? + +\[End\] + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +As u/Tripartist1 notes, "zombie stocks running up could be an early sign of MOASS. Margin calls force them to close these positions to satisfy the call, which causes a price runup on the OTC markets. When we start seeing a lot of action here (which historically happens around price spikes and ATHs in GME) its a good indication that dominoes are starting to fall." + +&#x200B; + +Also, SHFs have been shorting all those stocks for a long time, they played the same game with Sears just like GME: MSM propaganda was rampant on Sears back then... + +https://preview.redd.it/4j3inedhtpl71.jpg?width=1125&format=pjpg&auto=webp&s=480768b55aace99961a03e4c0d3a6943772456d0 + +For someone to be saying they're long on Sears instead of short, it's like saying that they're long on GME. Yeah, like by a little, but still tons and tons of shorts that they never intended to cover. + +It's the same as saying SHFs profit when GME goes up, when the exact inverse is happening. They've got mostly shorts; it's hurting their collateral. + +Their intention was for the zombie stock to go to $0 and finally die after bankruptcy court liquidated all their assets for creditors. That way, it’s all free money & they pay no tax on profits. As such, these zombie stock spikes hurt their balance sheets. + +The price of Sears is about 40 cents right now. + +Hypothetical simplistic model: + +Let’s say a company shorted Sears using synthetics and 10 million shares, helped get it delisted from $70 to few pennies. They don’t want to cover. They got free money. But if they have to now cover 10 million shares and it squeezes from $.1 to $.4 they lose 4 million or so. Small SHFs with only maybe 100 million in cash reserves are screwed. Now take Sears and multiply it by hundreds of zombie stocks doing the same thing. This is hurting SHFs heavily. + +Now, some have been asking why zombie stocks spiked up in January. I believe I may have an answer. + +When GME had its first gamma run spike in January, that caused a giant wave of spikes in other stocks. I was thinking it could be retail hype, but it's more likely that tiny SHFs got margin called and were forced to cover some shorts in the zombie companies. That GME gamma run in January hurt a lot of SHFs (e.g. Melvin Capital), and since many of them had shorts in those bankrupt companies at the brink of liquidation, and a number likely got margin called, they were forced to cover at least some of their zombie stocks. And why not go for those back in January instead of covering GME, as there was much less attention on zombie stocks anyways. + +What caused the recent covering? + +A number of things. u/jaloosk says, + +"They’re spiking because of forced compliance for a rule change from last year is coming into effect. Many of these HF’s with open positions have short positions open, and they have to buy to close, which raises the price. + +Until now, they could leave the positions open forever, for untaxed, unrealized gains, using those tax-free gains for more margin leverage. Now they have to close them, realize the gains and (hopefully) pay the taxes." + +[https://www.securitieslawyer101.com/2021/rule-15c2-11-compliance-deadline-draws-near/](https://www.securitieslawyer101.com/2021/rule-15c2-11-compliance-deadline-draws-near/) + +[https://www.reddit.com/r/Superstonk/comments/phc10s/posted\_for\_visibility\_ive\_tried\_3\_times\_to\_award/hbhfmbg/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/Superstonk/comments/phc10s/posted_for_visibility_ive_tried_3_times_to_award/hbhfmbg/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +u/Criand points out, + +"This could also be the result of UMR phase 5 coming into play as of September 1 which tossed in Initial Margin (IM) requirements for **OTC derivatives**. For entities with >=$8B AANA. Note that UMR is not the measly $250k margin bump that happened today. That's a different thing than UMR. + +[https://www.reddit.com/r/Superstonk/comments/pho33e/shfs\_are\_being\_forced\_to\_cover\_shorts\_for\_sears/hbjy9ky/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/Superstonk/comments/pho33e/shfs_are_being_forced_to_cover_shorts_for_sears/hbjy9ky/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +UMR Phase 5 makes it so that counterparties must post initial margin for OTC derivative trades which is based on theoretical default of the counterparty. + +So, as of September 1, more margin requirements. Potential rug pull on these OTC swaps for many funds." + +[https://www.finservconsulting.com/2019/12/umr/](https://www.finservconsulting.com/2019/12/umr/) + +I believe it's the combination of all this. These regulations recently in effect put serious pressure on them to cover the zombie stocks immediately. UMR Phase 5 reinforced it, bringing their margin under the threshold requirement, begetting margin calls. All these recent events made it unavoidable for them to ignore and wait it out any longer; and as such, they have been covering the zombie stocks. + +TL;DR: SHFs were shorting zombie stocks for years back. They never covered their shorts, nor did they ever intend to. Recently, due to recent regulations and margin problems, they've now been forced to cover their shorts on zombie stocks, which is why you are seeing hundreds of zombie stocks spike at the same time. This could be an early indicator of a domino effect that leaves small cap SHFs collapsing and ultimately forced to cover their GME shorts. + +TA;DR: Hedgies = fked + +Hope this helps! +So I purchased a quad a few months back. + +I quickly found out that the tenant in one of the units is crazy. + +She claims there are people walked around her unit with no legs, etc. + +Anyway she was making all the other tenants uncomfortable. + +She’s MTM so I gave her a 60 day notice that I would need the apartment vacated. + +At first she was cool about it. Even said she found another place to stay. + +She said she can’t pay rent for Dec so she can pay first lady and deposit at this new place. Whatever, fine. + +Anyway. Three days ago she give me a call saying she’s not leaving. She owns the building now and if I want her out it’ll have to be by a judge. + +If she want to go that way, that’s also fine. We are in Ohio so evictions are fairly strait forward. + +Since she hasn’t paid Dec rent I can file a 3 day notice to quit for non payment and start the 45 day eviction process. + +The issue is, since she decided she wasn’t leaving she’s been destroying the property by poring water all over the floors. + +Is there a fast way to get her out? Like a special type of eviction for damage of property? +I cannot say for sure if Cathy knows what she's doing, but the fact remains they've picked up 220K shares. Other fun ones, about a million shares of Twitter and 300K of PayPal. +The one that was really interesting is about 300K of open door. + + +Are they buying the dip? +Been struggling to find a purpose after we hit our number. We’re mid-30s, kids are not on the horizon due to medical issues. I’m just coasting and it feels as if life is sort of passing by me. I’ve explored an interest here and there but deep down in my subconscious I know I’ll never need to work as hard as I did before, and it’s resulted in aimless living and laziness. I’d like to take full advantage of the freedom I have now to build something truly meaningful, or just work towards a meaningful purpose / vision, but I can’t seem to push myself enough to care about anything because I guess there’s no pressing risk. +$1.4b Valuation seems unrealistic. +It truly has been a fun ride but the stock is obviously manipulated heavily everyday and its speculative value is probably hella inflated. +Those who have made it into a 12 month hold with significant profits obviously can ignore this, but dumbasses who are just jumping in should be cautious. +Hate to be the cuck bear who says this. +If I’m wrong, that’s fine - Enjoy your tendies. + +As always, DYOR. + +Edit: +:) +tl;dr: When normal people hear about the crash of cryptocurrency market this time, they are going to remember last time it crashed, and now it's 10x more than it was the last time they heard about it, and this time they are going to buy. + +No fancy TA here. But rather a market psychology post. This is my 3rd crypto bubble. History tends to repeat itself, but I find that there are always a few things that are a bit different than you'd expect. And if you can figure out those differences it can sometimes give you an advantage when investing. + +I think the biggest difference between now and the last big mainstream crypto bubble is that the general public has seen this before. And I think they remember that the last time they heard about a crypto bubble the prices are now much higher. (I consider if main stream when it hits CNBC or FOX news, something big like that, and this time we hit both) + +It takes a few times hearing about cryptocurrency before you can wrap your head around it and convince yourself that it's here to stay. But once you do that it makes sense to put a little bit of your money into the market. The biggest thing people are afraid of is a Ponzi scheme that runs off with your money. Yes, there are plenty of those in crypto. But when people look at BTC (which is what they are going to look at) they are going to see that it's still there, and it's price has gone up. And when they read the news they will see big companies moving into this space. And rational people saying it makes sense to invest here. And most importantly, they will see credible companies behind a lot of this tech indicating that this is a real technology movement - and NOT a Ponzi. And that will make them feel more confident about the whole market. + +I predict that through the course of this correction you are going to see bargain hunters, and those who were interested in getting in a position, start to buy a bit of ETH. And that's going to prevent this from being a crushing 18 month downturn. And turn this into a shorter several month downturn. Let me go out on a limb here and say 3-6 months correction. If the cryptocurrency market cap is below 80 billion (today's price) in 6 months, then I'm wrong. + +There is plenty of innovation around the corner on the Big Chains. BTC has segwit. Whether you are pro or against, this is a software update that means things are changing. And Ethereum has Metropolis. The two biggest coins with the most marketcap will continue to grow and expand their technical abilities during this downturn. + +Most of these ICOs will bust. But I think a larger percentage of these are honest operators than most believe. Basically, the scammers didn't have enough time to launch really bad schemes yet. Nothing I've seen is as bad as the DAO from last year. And nothing has raised a protocol threatening amount of money. Bancors $150 million is a lot. It's probably too much. But it's *NOT protocol threatening in a 80+ billion dollar market. + +Yes, there are a few shit coins (not going to name names here). But there are also a few strong teams that are out to change the world. These teams are not going to run with the money. They are going to invest it in building out the ecosystem. We are going to have identity on the blockchain - or at least a few good attempts at getting it right - we will have advertising tokens, and we'll have more decentralized exchanges. And they are going to be making announcements during the correction over the next few months because the space is moving so fast. + +That's why I'm bullish. And that's why I'm holding. To each his own. I hope this post has been helpful for your own trading strategy. + +edit1: forget a *NOT +I am a confused first year science student. I am planning on changing to the arts, specific either economics, political science or philosophy. + +I am very passionate about economics (as I’ll read “dry”, 30 Page research papers for fun), but I am, shall we say, not performing particularly well in my math courses. I don’t hate math, but I do struggle with it. I also just can’t seem to do well on the exams. + +Will this be a barrier that should inform my options? + +Careers I’m interested in are in public policy/policy analysis. This usually requires either economics or political science (or related field). Not interested in finance or other economics analysis. Only the political side of economics. +I do not get the economics of slavery. I mean in the short term not paying the labour does seem like a way to increase profit’s, but in the long term of economic growth it just does not make any sense. My thinking is that if you pay your labour force (to my understanding slaves worked in the labour force) a reasonable living wage wouldn’t that make an insensitive to invest in R&D to replace the labour force with technology that would increase productivity in an efficient and effective way. ([In economics, it is widely accepted that technology is the key driver of economic growth of countries, regions and cities. Technological progress allows for the more efficient production of more and better goods and services, which is what prosperity depends on.](https://rcc.harvard.edu/knowledge-technology-and-complexity-economic-growth)) And by increasing productivity I would argue that by doing so you can reduce costs which will increase consumption, and increase net exports ([GDP = Consumption + Investment + Government Spending + Net Exports](https://www.britannica.com/topic/gross-domestic-product)) || Not only the GDP technology growth but also paying the labour force a reasonable wage would increase Government Spending since you have people paying taxes. Also if you treat people as people instead of slaves I would argue that you can increase the quality of labour by you know letting people get education you can increase output. ||| So my question is why do I hear that slavery was good economically when it isn’t +Let say we take a group of 100 persons, everyone has an average salary of say 50k per year (for sake of simplicity) but then a portion of the group want to have more money so they start to do a side job/hustle and make their relevant avg up to 60k per year, eventually they will make the avg cost of everything slightly higher since more people can pay more, so more and more from the original group will start to side hustle too to be able to catch the gap. + +What do you think will happen if say 80% or so of the group is now doing 65k per year, the other from the group will be able to buy less and thus eventually will be "forced" in a way everyone to start to do 2 jobs to be able to fill this gap. So if everyone eventually has to have that main job + side but you can still only have access to the same value that you had before everyone had one, so its doesnt help. + +And that what I seem to think is happening slowly, more and more people seem to be able to get quite a nice side hustle with 1-2K+ per month or so, and make the value of the money be less and less. So now a job at near minimum wage give way way less than the value we should be getting. + +Yes you can have more money right now by a side, but its seem to be quite egoist because if some proportion of the population does also only think about themselves right now its going to hurts everyone in the long run, kinda like forcing a near everyone to start having a second income. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Just purchased my first home (Toronto). Closing end of October. I would really appreciate any tips, feedback or must do’s for someone purchasing a home for the first time. Thanks everyone!! +Dear Thetagang, + +Ever since I read about Max Pain Theory, I have been super paranoid. What’s the point in investing/trading if market maker whales are always conspiring against you? Someone please tell me, is Max Pain Theory real, or just a tinfoil hate conspiracy? + +I am genuinely worried that Max Pain Theory will make my $WISH call debit spreads expire worthless…. + +Asking for a friend, Bill Hwang…. + + +P.S. Thank you, Thetagang, for teaching me about call debit spreads. It has been a ‘mind = blown’ learning curve for me. I officially swear by call debit spreads, and, sometimes, diagonal (i.e. calendar) debit spreads. + + +Yours Sincerely, + +Options Trading Hu$tler +Anyone here do a fat version of coastFIRE? Not talking about being a barista or english teacher. More thinking about leveraging your existing skills to find a flexible, part time, reasonably high paying job. Or maybe running a lifestyle business. + +&#x200B; + +I'm curious what options are out there. Consulting, leadership coaching, and BOD all seem like options, but probably require you to be pretty far along in your career or have a super niche skill. + +&#x200B; + +I'm middle eng management at a pre-IPO unicorn. I have specialized product knowledge in a somewhat niche area, but on the technical side, it's mostly just your typical full stack SaaS development. Trying to figure out what part time job opportunities may be available post-exit. +After about 18 months I blew up my account. This is my first one. I feel bad about it but have also learned alot as well. I don't want to quite trading. I know that I can make money doing this but need to move beyond some of my bad habits so I don't continue to make the same mistakes. I have learned all my limited knowledge on my own as there is no one other than the internet to learn from around where I live. Any links to any info to increase my knowledge base would be greatly appreciated...and yeah processing tbe amount of money traded away in bad trading isn't fun. +For those of you that have or are close to hitting your FI number, how long did the first 50% take vs. the second 50% ? I've seen many people mention how much faster the 2nd 50% was. + +I finally hit 1/3 my FI number. It took me 11 years of saving 25% of my gross salary. This was before I learned about FIRE so I didn't track saving as a percentage of net. I just know that I was going to want to 1) take some time off to travel and 2) retire early. + +Six months ago I changed jobs, got a raise, and moved from a HCOL city to a LCOL am now saving 60% gross and 75% net. I'm hoping to hit 50% of my FI number by the end of next year. That's 12 1/2 years since I started. + +Logically, I know that my savings rate increase and having a large investment balance will significantly affect when I hit FIRE but it feels like this is taking forever. I could really stand to hear a few success stories, especially about how much faster the second half of your accumulation phase was. +Just like the title said, in my opinion the worst part of this strategy is how slow the beginning is. I’m 16.2k about to put another 200 dollars in, reinvesting the dividends, 50 dollars per month. Been doing it for a bit over a year and my god compounding is the best and worst of this strategy. +Sorry if this is inappropriate for the forum and I’m happy to delete, but my travel agent hasn’t responded and I need to tip within 2 hours… + +Fantastic vacation in Mexico. Large house, many guests, 10 days. Team of 5 bartenders, chefs, and a house manager provided service at a level I didn’t know existed. They literally made the vacation. I want to take care of them, but I’ve never done anything like this before and need to know the appropriate range. Our intention is to vacation with this team again (they’ve been together for 20+ years) at this house or another in the future. If anyone has experience, please give me some guidance. Thank you very much! +Here are some tips or thoughts i had that applied to my own experiences. I made every mistake and did every stupid thing you can think off. So if any of these ideas help you not be stupid like me that's great :) + +&#x200B; + +* Don't spend any longer on a demo account then it takes to be comfortable with the features. Without the psychology of using real money 90% of your learning will be stalled. Get comfortable with the platform features then switch to a live account. Start with very small amounts of money you have zero issue with losing. + +&#x200B; + +* Don't expect to get rich quickly. Its an illusion. Save yourself the time and effort of trying to achieve it. Yes over the short term large amounts of money can be made using unsafe leverage. But it is not sustainable consistently over the long term. If you are making large amounts of money by over leveraging you can just as easily lose large amounts . Human psychology is against you and you will lose this game over the long term. Don't waste time thinking you are different, special, you know something else others do not. Yes you can make large amounts of money. But over time with sensible risk management and a consistent growth approach. + +&#x200B; + +* Trading is very hard to initially learn. Its really hard to learn. Everything about it is hard to learn. the technical s, the fundamentals, the psychology. You will probably go through stages of thinking its impossible, its rigged, trying every strategy. Trying every variation of every strategy. There is no silver bullet. It takes 100s to 1000s of hours of chart time and 100s of failures to understand what you are doing and to understand your psychology in relation to trading. Be prepared for hard work, incredibly frustrating situations, elation, depression and everything in between. But most importantly if you want this to work you cant give up. Which can be tricky because you are investing so much time and money into something that there is a statistically a high chance wont work. But if you stop you can not make it happen. That time you are really going to give up......like really this time. Try again. + +&#x200B; + +* You can not succeed if you need to make money from your trading account to pay mortgage food etc. (survive) if your account is not sufficiently large enough to do this with no stress and your competency is equally sufficient. Do not even try. It will not succeed. Keep your day job while learning the technical and psychological skills necessary whilst using small safe amounts of money and gradually building up your trading account. + +&#x200B; + +* Trading takes time to learn like any profession. You wouldn't expect to be become a doctor, a lawyer or any other profession in a week , a month or even a year. Trading is no different. Be prepared to invest significant time and effort into the endeavor. If you are not prepared to do so choose something else to focus on. On the flip side if you succeed your earning potential over time can far outpace other professions as well as being able to set your own hours, and work anywhere you want. The struggle is very real but the sense of freedom and achievement is absolutely worth it. Even more so than the money. + +&#x200B; + +* Learn as much as you can about all aspects of trading but realise that to succeed you don't need to use everything you know. The simpler you can make your actual trading execution the more success you will have. + +&#x200B; + +* Treat trading like a business, keep records of your trades. Be organised. Know what trade sizes you should be using and what your stop loss and take profit amounts are. Plan out your trades. Put in the home work ahead of time to understand what the market is thinking. Don't just jump into random trades with random lot sizes. You cant avoid losses. Like in any business there are overheads, stock to purchase, power to pay etc. Consider losses like operating costs and they wont upset you so much. All business have costs and trading losses are the cost of trading. + +&#x200B; + +* Don't stay up so late watching the charts that you get tired. You may not realise you are tired. The human body has a way of compensating when you are tired so you don't realise how tired you actually are. You may feel ok but your cognitive functioning downgrades so you think you are functioning well but you are not. You need to be sharp and functioning well mentally and physically. As a side note don't trade while using recreational drugs or while drunk. Your sense of your ability and risk management are compromised. Again you may think you know what you are doing but deceived are you. If you want to really succeed at this long term..... stay sharp. Kick back in the weekend instead. + +&#x200B; + +* Risk management is critically important. Don't ever get complacent, Don't ever think you know what the market is going to do. The market can go anywhere at anytime. And can go further and longer than you expect or can sustain. It may not do it for months or years but if you leave yourself open for catastrophe to strike it will find you eventually. The market is ruthless, it is massive and for 99.99% of you you have no control over it. Respect it always. Never over leverage. Your risk appetite may vary depending on your skill level and available time etc but i dont have any more than 5% of my capital exposed at any time. The exception will be if i have secure positions i can add further positions but never more than 5% unprotected risk. Dont move stops hoping your trade will come back. Its better to get out, your trade was wrong. You can waste a lot of time cost opportunity by waiting for a trade to come back and it may never happen. You are better to exit and wait for a better set up. I have seen traders tie up capital for months that could have been used for profitable trades. The one exception i use for stop movement is if i notice a technical level has shifted a small degree. Then i will adjust the stop a corresponding **small** degree but we are not talking about constantly extending stops hoping for a miracle :) + +&#x200B; + +* Be patient waiting for set ups to develop, Be patient waiting for trades to follow though. Be more patient than you think you should be. Be patient. + +&#x200B; + +* Don't set daily weekly etc targets. The market doesn't work like that . Some weeks will treat you well and you will make good money. Some weeks you might dribble along and some weeks you will lose money. That's just the nature of markets. Just always be prepared to capitalise on opportunities by knowing important levels what trade sizes you should be safely using etc. Also dont make the mistake of trying to hit dollar values. Like you have $98 profit but you want $100. Don't sacrifice $98 for $2. It happens and its not fun. Don't be greedy. + +&#x200B; + +* Once you develop some consistency in your trading i think its a good idea to put enough money in your account so that the returns you get are meaningful to you in terms of the effort you are putting in. If the amounts are too small you don't really feel justified putting in the effort and may not take it seriously enough. Of course you can build a small account up over time but ive seen traders who were making small consistent profits who had they continued along this path or added additional funds to make their profits more meaningful would have succeeded but instead gave up. Of course don't use more than you are comfortable losing. + +&#x200B; + +* I think when starting out it is best to only watch a limited number of charts. Personally for about my first 6 months i watched a single pair only. You do become familiar with levels and behavior of a pair if you are watching it all the time and this helps with decision making. Now i trade 7 currency pairs, 1 USD index and the SPX500 and NDAQ100. So 10 all up and all the time the same ones. I don't have trades on them all at the same time but these are the ones i watch all the time. + +&#x200B; + +* The only person ultimately responsible for your trading success is you . It is one of the few professions where almost all the choices are yours to make for good or bad. This freedom of choice is a double edged sword. You have the choice to trade when and what and with how much. You have a choice when to enter and when to exit. If you are a retail trader and i believe most people here are, you have no one looking over your shoulder keeping you from doing something foolish. The responsibility to succeed falls on your shoulders. If you are using sensible risk management and capital control the market cant defeat you, your broker cant defeat you, a news event cant defeat you. Some one elses opinion cant defeat you. This ones on you. That's liberating but also a responsibility to hold yourself completely accountable for you failure or success. + +&#x200B; + +* If you really want to succeed at this you have to be willing to really give it your absolutely best effort. A halfhearted approach will at best give you a half hearted result or more likely a negative result. Statistically the odds of you succeeding are low. Data varies and is hard to quantify but a data summary of brokers suggests something along the lines of this + +Most traders start with the idea to get rich quick + +40% Trade for only one month + +80% quit within the first two years + +1% of traders can profit net of fees. + +That doesn't mean you cant succeed, there are an awful lot of traders coming and going but just be prepared to get serious and put in the hard work necessary. + +&#x200B; + +These are just some thoughts and opinions of mine that have helped me + +Let me know any of your tips or if you would like more of my thoughts on Psychology, technical etc ask and ill see if i have anything useful to say. +I don’t have kids. However, my nephew is about 6 months old and I want give him something that is better than a typical baby gift this holiday and all holidays that follow. I want him to have a decent set up in the future. I was thinking $1000 starting principal with $250 annual contribution over 25 years. I like the idea a higher risk ETF for the first 10 years then move to a large blend ETF thereafter. Would love to know your thoughts on which ETF would be a solid higher risk ETF to begin? (Ideally something that doesn’t have an annual capital gains tax, or are all high risk ETFs leveraged? Pretty new to this) +Translated from Italian Using Google translate (Italian Apes, feel free to correct) + +Original article: [https://www.money.it/Dubbio-ritorno-Gamestop-Fed-short](https://www.money.it/Dubbio-ritorno-Gamestop-Fed-short) + +&#x200B; + +**The Question behind GameStop's return: is the Fed "instigating" a short squeeze?** + +Mauro Bottarelli + +26/05/2021 + +05/26/2021 - 09:25 + +*Another record for the reverse repo: the system is bursting with liquidity and the endgame for Quantitative easing is approaching. At the same time, the media returns to recommending purchases of meme stocks and their valuations explode. Just like in February. And the short interest on Standard & Poor's also rises to the maximum of the year. Does anyone think of an "alternative" form of using excess cash, by forcibly hedging short positions?* + +&#x200B; + +https://preview.redd.it/faznilhr4z171.png?width=680&format=png&auto=webp&s=8c200703e5c02dd9d757ccdad4d09df7a448c450 + +If the reverse repo facility (RRP) has literally exploded with liquidity for days, a symptom that Quantitative easing is dangerously approaching the endgame phase, **how can you buffer the situation without having to accelerate dealing with the facts - and not just words - that taper** that such a deposit trend seems unequivocally to claim? Perhaps, **creating the conditions for another wave of short squeezes similar to that of last February,** capable on the one hand of engaging liquidity on the market for forced hedging of bearish positions and on the other of bringing the retail investor, **burned by sharp declines, closer together. Recoiled but still loaded with stimmy money from the federal program** which will expire at the end of September. + +The question arises, connecting the dots of what happened on the market yesterday, almost as if the underground and apparently disconnected moves of the subjects in the game were dots of the mysterious Week. Starting from the reverse repo of the New York Fed and from this graph: + +&#x200B; + +[Source: Bloomberg](https://preview.redd.it/96a76kt25z171.png?width=500&format=png&auto=webp&s=0af60ccb51fff8a3b88ef42bd7fc32544fba4ce0) + +**433 billion in use, 38 more than the day before, 190 billion more in a week and third highest level ever.** In short, the Fed continues to flood the liquidity market with its purchases of securities on the secondary market for 80 billion per month (plus 40 of Mortgage Backed Securities) but this is beginning to no longer know where to store that cash. **And then he brings it back to the Fed, obtaining as collateral the same Treasuries that the Central Bank drains into the Quantitive Easing.** + +A round match. Which, however, is now about to reach its maximum boiling point. The pressure cooker called RRP is whistling ominously. Stronger and stronger. Longer and longer. **Because soon, the collateral will end and with it the possibility of monetizing the debt.** And although, in view of the board of 15-16 June, at least two members of the Fed a day take turns having their say on the taper, **everyone knows that pulling the plug in a really drastic way seems impossible.** A trick is needed. A controlled accident. Or, better yet, a beautiful media event. And here, while 48 counterparties deposited liquidity at the Fed, **two names ended by the wayside were back on Wall Street: GameStop and AMC Entertaiment,** the spearheads of the so-called meme stocks, in the mood for redemption with - respectively - a +29 % and + 16%. + +Became a global topic of discussion in February, **when their short squeezes hikes monopolized the headlines and blew up Melvin Capital,** a heavily exposed short and caught hedge fund with totally off guard, suddenly they seem come back in vogue. Like certain sneakers. **Change of management? Merger or Acquisition Announcements? Partnership with Tesla for tourism on Mars?** No, just the fact that they were the first and third most covered topic of the day on WallStreetBets, as the graph shows. + +&#x200B; + +[Source: Swaggy](https://preview.redd.it/sicnmsyc5z171.png?width=500&format=png&auto=webp&s=0a4f6e7b98c54bd893796d9a7ced933ee17904b8) + +And, consequently, to have then monopolized Twitter and Stocktwits by default. And even in this case, no news relating to the accounts or the business plan guaranteed content to the conversation: **someone threw the stone and everyone followed suit.** + +Starting from a very classic theme: AMC's short interest had just returned to all-time highs. **Air of short squeeze, in short.** As irresistible as the scent of croissants in the morning. All said and done, the tweets have turned into facts. That is, purchases. **At 2.35pm yesterday afternoon (New York time) they had changed hands some 123 million AMC stocks,** becoming the second most traded among those valued above $ 1. Retail trading on GameStop is also less aggressive but still very active, with 8 million shares traded, more than double what happened in the last 10 sessions. The reason? The short interest of the video game chain is still unappetizing for a frontal attack strategy, as the graph shows. + +&#x200B; + +[Source: Bloomberg](https://preview.redd.it/ocf2zdun5z171.png?width=500&format=png&auto=webp&s=5f42307401a22213c2a7348f8c968eea3d9263bd) + +On the other hand, this other image: + +&#x200B; + +[Source: Bloomberg](https://preview.redd.it/qnlnje0s5z171.png?width=500&format=png&auto=webp&s=20c8162a5670f6b25bf7edad8aadd5eb297f0689) + +summarizes the day: **the basket of stocks most followed and traded by users of WallStreetBets - with a clear aim of short squeeze - marked the greatest increase since the beginning of April.** Without a reason, in fact. But you know, **anyone can write anonymously and covered by nicknames on those chats.** Perhaps, stirring the spirits of those who want to punish the real banksters of Wall Street, hitting them with their own weapons. Perhaps, by typing those appeals to the revolutionary use of the security account from a computer of a neat desk of some bank or hedge fund that buys trading flows from Robinhood to set up its algorithms\*\*. And who, also being a Primary dealer, is now joining\*\* **forces with the Fed to avoid a repo apocalypse** + +But here's this chart: + +&#x200B; + +[Source: Bloomberg](https://preview.redd.it/36q16i216z171.png?width=680&format=png&auto=webp&s=fc395d95c2d30d730a456aaa05d1d73b47b26f31) + +shows how in a further and suspicious contemporary, the short interest on the ETF that traces the Standard & Poor's 500 - SPY, a giant worth 357 billion - has risen to the maximum level since the beginning of the year. **About 4.8% of the fund's shares are now on loan pending a collapse in valuations, just as the index fluctuates at an all-time high.** A month and a half ago that percentage was 2% and 1.7% at the beginning of the year. Of course, during 2020 that level had risen several times above 7% but today's timing appears decidedly different. At the time, in fact, the market was suffering from the evolution of the pandemic but benefited from the support of central banks that appeared to force four and indefinite, **today instead we talk more and more frequently and openly about tapering that stimulus.** + +In short, potentially, two bearish pressures are joining forces in their bet against the market, both at the level of meme stocks and the Wall Street benchmark index. So, if it is a short squeeze, **triggered by any gust of optimism (true and presumed) from the Fed or the Treasury or Congress,** some other hedge fund seems destined to join Melvin Capital. **Triggering a period of great tension, with thunderous but controlled declines and an increase in VIX: ideal for burning some liquidity.** Thus avoiding it ends up in the reverse repo facility, which will deflate like the short interest of these days. And in this way it will stop putting further pressure on the decisions - real and concrete - of the Fed. But maybe, it's just fanta-finance. +Starting my financial journey, I realised this stuff takes more time than what I anticipated earlier. + +How much time do you spend on budgeting, planning, executing, etc. on a regular basis? What is your asset allocation? How frequently do you rebalance? + +Should one invest in SIP format, lumpsum, or a combination? I understand there is not single answer to this. But ideas are welcome. + +Making a decision in this area is really crucial on how things might turn out. + +What advice you have for others who are starting on this journey? + +Please don't suggest me to hire a financial planner. I don't intend to do so for various reasons. + +>Edit: This thread has been quite helpful until now to serve as a validation of my own ideas and approach. Thank you all! +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +Here I am sweating about swing trading boomer stocks and you guys are going all in on black. + +Like do people on here have all this spare cash to burn or are you just insane? I see the amount of money being thrown around and it gives me second hand anxiety. + +I admire the balls but fml I couldn't sleep doing what you guys do. I'm curious what % of people in this sub genuinely treat the stock exchange like a casino and those who attempt doing research. +Holy shit, how fortunate are we? We are awake about all the nonsense that is unweaving around us. + +We see the fed, we see the commercial backed mortgages, we see Evergrande, we see citadel, point72, puts in Brazil, we see the scramble to change rules and fight what we are becoming... The inevitable. + +Waiting patiently for our chance to gain our share of the wealth and finally put it better use than the system did. + +But the biggest wake up call for me, was the simplest: we are safe. + +SAFE. What do I mean? In the complete collapse, there is very little dry land. Even bystanders who just have meager savings in a cash account are going to get bitten when their banks are facing liquidation. Brokers with bad bets are going to have their clients wealth at risk (after all, the shares are the brokers assets, not theirs). + +But ComputerShare as a transfer agent is completely safe. They don't play the markets. Even if GME dips hard, we are never at risk of complete disruption and loss. + +A transfer agent is better than your damn bank right now. Wild. + +It's the safe place under the mattress of what will be a shit storm 2022 to 2024. + +We are blessed to be here, for all the shit we've been through. + +A deep fucking cheers to DFV, RC, Larry Cheng and GME leadership, sincere thanks to QueenKong for DRS even existing. Thanks to all of you to rallying together for the looming crisis. + +We are all individual investors, but even without MOASS our collective commitment to buy and hold in a transfer agent will insulate all of us. + +🦍🍻🦍🏰🎆🦍♾️ +🐕Welcome to YORKIE COIN🐕 + +&#x200B; + +💫THE FIRST MEME TOKEN TO LAUNCH WITH A SDK WALLET💫 + +&#x200B; + +🚨PRESALE DATE: 9th SEPTEMBER🚨 + +🚨PRESALE TIME: 8pm UTC 🚨 + +&#x200B; + +PRESALE PRICE : 480 billion per bnb + +LISTING PRICE : 432 billion per bnb + +SOFTCAP: 400bnb + +HARDCAP: 800bnb + +&#x200B; + +🚀Our Marketing Pitch: + +We are Yorkie Coin. The first Meme coin to build a SDK wallet. + +The core development team at Yorkie Coin has not only been a part of trading but researching projects on BSC and Ethereum. + +In our time going over project after project we came across a common roadblock that projects encountered, to push and expedite their development after they were launched. + +Too many projects failed to deliver a working product for it's consumers and investors that would ensure security and viability . + +We recognized this problem and decided to bring to our community a product that will be ready to use at launch. + +Our vision is to have a platform that is ever evolving. This helps us to achieve our objective which is two fold, to ensure our investors security while also ensuring the longevity of Yorkie Coin. + +Being a meme coin will not limit but actually enable us to target and diversify different use-cases that have never been achieved by a dog coin before. + +We are excited to share more developmental plans which will take shape as the platform grows. + +We are working for our online and e-commerce platforms that will host a range of products and accessories for pets. + +Charity is a cornerstone for the foundation of Yorkie Coin and we recognize the cruciality of giving back. For this reason we will have a charity wallet built in the project. + +We will have proceeds generated from the online store going towards charity as well. + +We will be looking for partnerships with leading charitable organizations to make a lasting impact and offer help where needed. + +The community will play a major role in guiding these efforts and help us recognize exigency where charity is involved. + +Yorkie Coin plans on starting its auditing services in the near future. + +We the team at Yorkie Coin believe being developers on the network, we owe the community full transparency. + +While ensuring that, we also believe in making the network hospitable for new investors and having the knowledge and capability backed by a top notch developing team here at Yorkie Coin + +will enable us to help investors make informed decisions and give them deep insight before investing based on our thorough and detailed audits for projects that seek our services. + +We stick very strongly to our core values of being Ambitious, which means we know no boundaries and recognize no limitations what we can achieve with this project, the possibilities are endless. + +Adaptability, in the face of any adversity we consider ourselves competent to guide the project in the right direction and tackle any hurdles we come across over the course of time. + +Stewardship, so we are recognized as pioneers of bringing something new to the world of DeFi and lead with example for future projects to follow and build upon. + +Trust, the most important asset of building this business being transparent with the community, + + and bringing them along with every decision being made so the people always feel they had their part in the evolution of this marvel which Yorkie Coin most definitely will be. + +&#x200B; + +&#x200B; + +Don’t miss out the chance to be in the next billion dollar marketcap project. Our focus was to launch with proof of work and that is what we are doing🚀 + +&#x200B; + +We are a #MemeOnAMission 🚀 + +&#x200B; + +JOIN THE REVOLUTION + +&#x200B; + +📬 [https://t.me/yorkiecoin\_official](https://t.me/yorkiecoin_official) + +🐦 [https://twitter.com/yorkiecoin](https://twitter.com/yorkiecoin) + +🌐 [https://www.yorkiecoinofficial.com/](https://www.yorkiecoinofficial.com/) +Hello all !! +I recently proposed to my finance and we had a talk tonight about getting a joint account and sharing everything when we get married. I wanted to see how some other people do it. How many accounts do you have and if you make more than your significant other how does that make you feel. New to doing everything together and know that it’s a team effort. But also know that your dreams and there’s can be sometimes different +According to the **2018 Global Wealth Report**: + +* Net worth > $4210 means you're in the richest half of the world +* Net worth > $93,170 means you're in the top 10% of the world +* Net worth > $871,320 means you're in the top 1% of the world + +The **Credit Suisse Research Institute** in 2021 found that Australians have the **highest median** wealth per adult at $273,900. With this, you can deduce that **majority** of Australians are in the top 10% of the world in terms of wealth. + +But as an Australian myself, I don't feel it. Most likely because we compare ourselves to those around us. Thus, I ask the question, "At what point would you personally feel 'wealthy'?" For me personally, it would be when I am able to eat out every day (not junk food) without feeling guilty. What's yours? +This is a Missouri property. + + +Been on the phone all morning filing insurance claims and feel I just need to get this off my chest. I have a Section 8 resident I inherited when I purchased the property who is being evicted for non-payment and throwing 4AM parties in an otherwise quiet suburban neighborhood. + +&#x200B; + +Her eviction hearing is in 2 days and this morning I got a call claiming a "small fire was started in the bathroom" ... there is some smoke damage and water damage and the Fire Department is conducting a 7-day investigation. + + +I think to all parties involved we suspect it's a scam and was started on purpose. Her Renter's insurance already denied her claim because she won't even provide them photos of the damage - which makes literally no sense - like why bother filing the claim? + + +I filed a claim with her renter's insurance this morning but I can't help but feel like this is going to deter her eviction when she goes in front of a judge in 2 days. She needs to get out ASAP because she's clearly a menace. +My daughter got sick found out it was cancer and job fires me immediately stated I was now a liability now months later and I’m about to lose everything with 2 kids one fighting stage 3 lymphoma people are ruthless +This is a common question we have around here. You get a job making a few more bucks an hour. You finally pay off that debt. You have a little more money than you used to have, but maybe not a lot more. And you start to wonder... is it okay if I increase my budget a little bit and improve my standard of living? Or, since I've been living without this money for so long, should I save it and avoid the dreaded "lifestyle creep?" + +Go by the "Raw Asshole Rule." + +The Raw Asshole Rule refers to what using cheap one-ply toilet paper every day does to your asshole. When that's all you can afford, you live with a raw asshole. It's not pleasant or comfortable, but you deal with it because you have to. When you are making enough money to afford the nicer toilet paper, you are absolutely justified in doing so. It's not lifestyle creep or extravagance to not want to live with a raw asshole. + +Other things can be raw assholes, too. If your shitty beater car is barely safe to drive and constantly in need of repair, that's a raw asshole. You're justified in getting a safer and more reliable car. If your mattress is older than you are and you're always waking up sore, that's a raw asshole. You're justified in buying a new mattress. If your current grocery situation is unhealthy or leaves you feeling gross and miserable, that's a raw asshole. You're justified in upping the grocery budget. See what I'm saying? + +And those are just some obvious/common examples. Even seemingly frivolous things can be raw assholes, if they're important to you. If your wardrobe is threadbare and makes you feel ugly or ashamed, that can be a raw asshole. If you haven't had the money to spend on a social life or a hobby, and that has left you depressed/isolated/unfulfilled, that can be a raw asshole. Anything that consistently negatively impacts your daily functioning, that makes you unhappy every day, can be a raw asshole. + +Here's the true genius of the Raw Asshole Rule: if your cheap toilet paper makes your ass raw, you don't immediately jump to wiping your ass with 100% silk sheets. You buy the store-brand Charmin knockoff - just enough to stop your ass from bleeding. Apply that to everything else. Don't buy a brand-new car - buy a safer, more reliable used car. Don't buy a $5k Tempur-Pedic - buy a $300 mattress and a $60 topper. And so on and so forth. This is /r/povertyfinance; y'all don't need advice on how to stretch a dollar. The point is, you don't need the nicest, most expensive stuff to stop your ass from bleeding. + +It is cruel to expect someone to live with a raw asshole in the name of saving a few extra bucks. Getting out of poverty, and enjoying the small comforts that allows, is not lifestyle creep. Lifestyle creep only becomes an issue if you're spending money beyond what is necessary to make your asshole stop bleeding. + +So if you're in this spot? Just prioritize the things that make your asshole bleed the most. And enjoy that soft new toilet paper. + +And the obvious caveat: Apply the Raw Asshole Rule within a reasonable budget that allows you to continue making progress towards your current financial goals. How you prioritize and budget these things will be unique to your own situation. This isn't permission to blow your emergency fund. It *is* permission to stop feeling guilty about buying fresh veggies instead of canned, or moving to the more expensive apartment in the safer neighborhood. Continue to have a healthy respect for your future, to make sure you never have to go back to using one-ply toilet paper. Metaphorically *or* literally. +SweetMoon is developing a bsc-based app for the $5,000,000,000+ camgirl industry that will connect you with your favorite webcam models via a custom built API. This will allow you to pay/subscribe to any camgirl all while remaining anonymous! 😎 + +The token launched June 1st and the market cap is hovering around $2M! 💹 + +**Tonight (June 9th) one of our camgirls will be doing a live walkthrough of the SweetMoon platform!** 🚀 Check out our platform promotional video and our platform preview below!🔽 + +[https://www.youtube.com/watch?v=GtNqpH0JTFA](https://www.youtube.com/watch?v=GtNqpH0JTFA) + +[https://xd.adobe.com/view/f682df22-0baf-44a5-855a-79085b51acfa-a3d1/](https://xd.adobe.com/view/f682df22-0baf-44a5-855a-79085b51acfa-a3d1/) + +💥Current marketing campaigns and initiatives💥 ✅Camgirl ambassadors ✅ Strategic partnerships with current industry platforms ✅ Poocoin ads ✅ Reddit posts ✅ Community giveaways & competitions ✅ CG/CMC listings applied for and coming soon ✅ Promotional videos + +**Growth potential** + +We believe that this project can easily hit over 250M MC! The camgirl industry is worth over 5 BILLION! Simply capitalizing on a small percentage of that will achieve our goal! + +We also know based on other projects that the camgirl and porn industries are incredibly successful in crypto markets. 🚀 + +**Tokenomics** + +* 28.62% of tokens were burnt at launch. 🔥 +* 10% transaction tax: 8% is sent to liquidity and locked / 2% as is distributed to holders as a reward. 💰 + +The SweetMoon DEV team has chosen to remain anonymous for now. This is due to changing regulatory environments and the overall nature of the industry. The team has worked on other projects and is well known and respected in crypto. Funds are SAFU. 🔒 + +Website - [http://sweetmoon.app](http://sweetmoon.app/) Telegram - [https://t.me/SweetmoonBSC](https://t.me/SweetmoonBSC) Twitter - [https://twitter.com/SweetmoonBSC](https://twitter.com/SweetmoonBSC) +>The conglomerate is spending $4 billion to buy the natural gas transmission and storage assets of [Dominion Energy](https://www.cnbc.com/quotes/?symbol=D). Including the assumption of debt, the deal totals almost $10 billion. It’s the first major purchase from Berkshire since the coronavirus pandemic and subsequent market collapse in March + +[https://www.cnbc.com/2020/07/05/warren-buffetts-berkshire-buys-dominion-energy-natural-gas-assets-in-10-billion-deal.html](https://www.cnbc.com/2020/07/05/warren-buffetts-berkshire-buys-dominion-energy-natural-gas-assets-in-10-billion-deal.html) +youtube video at [https://www.youtube.com/watch?v=wWbg3ex678c](https://www.youtube.com/watch?v=wWbg3ex678c) + +Analyst expectations are 12% to 15% revenue growth + +Good Luck to all folks vested in BABA + +cheers + +Master Leong + +&#x200B; +22 male here living in NYC, I work at amazon and make around $2200 a month full time , I also go to school fulltime. Couple months ago I leased a brand new car for $359 because I needed to get out of a abusive environment. My insurance is $176. I ended up getting kicked out of my toxic living situation but luckily I found a room renting for $750 including utilities here in NYC. As it stands I live paycheck to paycheck. I should add that I am halfway through a computer science degree but I'm failing the semester due to depression from all these bad decisions. + +Edit: This blew up way more than I expected today but thanks for all the support , I will be ditching the car and I got an offer from carvana where the payoff is only $700 , so I'll take this as a $ 700 mistake +Hey guys, 1st Post here I swear, I'm wondering how can I return a stock and get a refund? + +I only bought the stock because I thought it would go higher. But it didn't. It went down. By a lot. + + +So now I am wondering how can I return it for what I originally paid? Can the company just give me my money back and I'll give them the stocks back? + + +Cheers for the hellp + Hi, I am 20 yrs old and make $28,000 a year. I don't have any bills and can live off <$500 a month currently. I go to school and will not have any bills for the next 2-4 yrs. I was thinking of starting a Roth IRA account and put $500 in a month as well as putting $500 into a high interest savings account. Is this a good thing to do financially to save and invest or do you guys recommend something else. +My wife, over a year ago, thought she submitted three paystubs to qualify for deferment for a year. We currently work overseas, and never received an email or phone call about her loans that she hadn't ever actually done that. Incredibly stupid of us not to double check that everything was OK, but here we are. The first message we received (sent to her mother, which we have listed as our physical address in the US) was that her loans had been sent to a collections agency. Her loans are about 22k. Is there anything that we can do to properly get her loans deferred, or is it too late at this point and we just have to deal with a collections agency? +Hi guys, + +One of the most common questions I find around here, and around other subs, is “what is the best broker?”. Giving a correct answer to this question is quite challenging, this is because different people have different opinions about what the word BEST means, for some is the safest, for others is the most reputable, for others is the one with the best user experience, and for (many) others is the cheapest. + +I must admit I spent way too much time looking into platforms available across Europe, decided to invest a small amount of money into each, and have a rough idea of the costs and the user experience. + +A quick disclaimer. Please feel free to use this information to inform your decision about which broker to choose but keep in mind this is just my opinion and I did not test all sorts of investment instruments available in the platform, which of course might change the results. This assumes you are a small investor, like me, and invest around 100-200 EUR per month in US stocks and ETFs. + +Here is the list of the platforms I tested from cheapest to most expensive + +&#x200B; + +**Lightyear** + +*Fees:* + +Buying and selling stock is 100%, i.e. you don’t pay fees. The only fee Lightyear charges is a Foreign Exchange (FX) fee of 0.35% to convert EUR to USD. So, for 100 EUR you will pay 0.35 EUR in fees. You can decrease the FX fee by using Revolut, I converted the 100 EUR to USD and transfer it to Lightyear, this way you avoid the 0.35% fee. + +If you have big pockets and invest more than 3000 EUR per month you need to pay xx %. + +*Pros:* + +The UI is polished and simple. + +When you open the app it shows you the performance of your portfolio and relevant news about the stocks you own and the market in general. + +The stock page gives relevant information such as recent news about the company, analysts' price target, the annual revenue and net income, and the expected and achieved earnings of the last 2 years (I believe this will be a premium feature in the future). + +It takes a few minutes to top up your account. + +You get 10 EUR to invest when you create a new account using a friend’s link. If you need one send a DM. + +*Cons:* + +Fractional shares are only available for market orders. Limit orders require you to buy a full share. + +The platform is quite recent and I’m not sure if not charging fees is a sustainable business model. + +Only has US stocks and ETFs. + +&#x200B; + +**Trading 212** + +*Fees:* + +Trading 212 charges an FX fee of 0.15% to convert EUR to USD. So, for 100 EUR you will pay 0.35 EUR in fees. You can decrease the FX fee by using Revolut, I converted the 100 EUR to USD and transfer it to Lightyear, this way you avoid the 0.15% fee. + +*Pros:* + +The UI is polished and simple. + +Trading 212 pies are probably my favorite feature of all the apps. You can define an investment pie, with x % of each stock you want to buy, and make it a recurring buy, thus making dollar cost averaging quite easy. + +The stock page gives relevant information such as the P/E ratio, EPS, and BETA. You can also access more data like valuations, growth, and much more. + +While Trading 212 is a somewhat new platform, it is one of the best new platforms that seems to have a solid team and a good balance sheet as it makes some money with its CFD product. + +It has an ISA account. + +*Cons:* + +Top-ups are usually fast but sometimes I had to wait 2 days to get the money in my account. + +You can only top-up with EUR, so you need to pay the FX fee every time you buy or sell a stock. + +The app is a bit spammy, it sends you a lot of notifications by default. + +You get a free share of up to 100 EUR when you create a new account using a friend’s link. This is a con because it does not allow you to choose the stock and most times is a shitty stock. If you need a link, send DM. + +&#x200B; + +**Interactive brokers** + +*Fees:* + +The fees are a bit messy and hard to understand. See [here](https://www.interactivebrokers.com/en/pricing/commissions-stocks.php?re=amer) for a complete list. But assuming an investment of 100 EUR per month on USD stocks/ETFs you will pay 0.0035 USD per trade plus an FX fee of 2 EUR. For large purchases, the situation is quite different and might make sense. + +*Pros:* + +It has several a lot of different investment instruments. + +The stock page gives all the information you need to evaluate a stock and shows financial statements, analysts' predictions, and some recent news about the company. Probably the most detailed of all brokers I tested + +IBKR is a really solid company with many customers across Europe and the work. It is the most reputable company of all the ones in this post. + +*Cons:* + +It is a bit difficult to get used to the UI. + +The top-up experience is ok, but you can only add money via bank transfer. For EUR transfers it is quite fast, but for USD it takes a while. + +The 2 EUR minimum FX fee makes it hard to justify for small investors. + +You get up to 1000 USD in IBKR if you create a new account using a friend’s link. If you need one send a DM. + +&#x200B; + +**Degiro** + +*Fees:* + +Degiro recently has small trading fees but for small investors, this might not be the better option. To buy a stock or ETF you pay a 1 EUR fee per transaction, this is good for large investors. But if you are like me and invest 100 EUR per month, that’s a 1% fee. However, Degiro has a selection of truly free ETFs, which is a good option for small investors. + +FX fee is 0.25% and you need to pay 2.5 EUR annually per exchange you are connected to. + +*Pros:* + +The UI is ok. + +The stock page gives all the information you need to evaluate a stock and shows financial statements, analysts' predictions, and some recent news about the company. + +Degiro is a solid company with many customers across Europe and has been in the game for a while. + +*Cons:* + +The top-up experience is far from ideal, it has been slow during my testing, and requires you to send money always from the same account. + +The exchange connection fee, the minimum 1 EUR fee per trade, and the FX fee make it hard to justify for small investors. + +You get a voucher o 5 EUR in fees when you create a new account using a friend’s link. If you need one send a DM. + +&#x200B; + +I hope this help. I'm sure I missed some great platforms but if you have some suggestion about what to test next just let me know + +EDIT: Correction of Trading 212 FX fee +Hey guys, + +One thing I kept seeing on the discord server is that small caps SIP are bad over long term than investing in a large / mid cap. Any reasoning for this ? + +I thought it would be better since if you're a long term investor you could wait out the downturn in the small cap market and withdraw when it bounces back again. + + +Edit: Found the link that was posted in regards to this on the discord server, want to know if that truly has merit. + [https://freefincal.com/why-a-sip-in-small-cap-mutual-funds-is-a-waste-of-money-and-time/](https://freefincal.com/why-a-sip-in-small-cap-mutual-funds-is-a-waste-of-money-and-time/) + +&#x200B; +They don’t advertise it for obvious reasons but you can just google the hospital name and charity care program. I’ve heard that some workers are taught to brush you off 4+ times when you ask about the program before they give you information about it and the application. If it’s true, that’s messed up. I learned about it through a nonprofit organization called Dollar For which is helping people out of medical debt. Not enough people know about this. I wanted to post in r/lifeprotips but it was flagged as political? No idea why lol. But this information is life changing and I wanted to be able to share it so that at least one person can get out of paying ridiculously exorbitant fees. + +If you’re interested, there’s a quick podcast interview of the founder that explains how it works. It’s on Spotify, search for “an arm and a leg” and the episode is called “how to erase billions in medical debt”. +This is one of my biggest struggles I have and it’s a complete psychological war for me. Too often I find myself saying “I’ll wait a little longer it’ll recover some so my loss won’t be as bad”. We all know how the rest of the story usually goes from there. Any tips on how you deal with this and ways to not give in to this mentality. +Sure, jobless claims and empty streets are a hints of the severity of the crisis and that's why the stocks went down in the first place - but it's also important to note that **little or no information of financial losses** (besides the occasional news reports on yahoo) have been released by companies. + +And at the end of the day revenue dictates the individual stock price much more significantly than the number of jobless claims in California . + +Expect a significant downturn only once those financial statements get released this month. +\*\*UPDATE (not financial advice)\*\*: In case it was not clear, GME having a -21.6 beta does NOT mean that Spy down = GME up immediately. GME is not the Australian reflection of Spy. GME's high negative beta means that it correlates negatively to movements in Spy. It doesn't mean that this trend is observed for every hour or day of trading. + +"Bbbbut GME is down big at open".. + +1) might I remind you that this stock is highly manipulated? The shorts have untold billions of $ on the line and are not going down without a fight.. but what is a hedge fund to an army of strong sexy 💎🦍 ?!?! If you have conviction in the MOASS thesis, then you know what to do :) + +2) Don't forget that a lot of GME shares are contained in ETFs held by Vanguard, BlackRock, etc. If the market is going to shit, a decline in GME's price does NOT mean the 🦍's thesis is invalidated + +3) These +/- 5% moves are tiny compared to what's to come when GME MOASS.. 🦍 are mentally strong, even more so through this community. + +"Bbbbbut GME's -21.6 beta is largely due to its movements in January & March".. + +Yeah, so? The same factors that contributed to the January run up are in play now, and actually stronger than ever (likely more FTDs, more HODLers, Spy is in a more precarious position, etc). the whole thesis here is GME squeezing properly, right? It didn't actually squeeze in Jan/March. So the highly negative beta, which was due to GME surging \*but not squeezing\* remains an accurate proxy for its future moves relative to Spy, given the structural conditions regarding GME remain the same (heightened, if anything). + +\~\~\~\~\~\~\~ + +tldr: learn to read, then read the post. If that doesn't work: HOLD THE LINE 🦍. Big things are coming.. + +[https://ibb.co/B6WKF5f](https://ibb.co/B6WKF5f) + +Sheesh what a rollercoaster... pretty terrible outcome today right? WRONG. + +TODAY was a BEAUTIFUL day for GameStop loving, Ryan Cohen praising, 💎🙌 Apes around the world and beyond. + +You might be thinking, how can you say such a thing?? Are you in Australia and reading GameStop's chart upside down you idiot?? After reaching a high of $189.00 it fell almost $9..... Well, my 🦍 brothers and 🦍 sisters, allow me to explain. + +/es (and SPY) has been in a consolidation zone from \~4130 – \~4170 since last Friday. Despite common lore that stonks only go up, consolidation zones are actually very important patterns in the market and one of the best times to enter a position. While a stock/ETF bounces between a support and resistance level, it allows energy to build prior to an explosive move. + +Don't believe me? Take a look at what /es guru Adam Mancini has to say on the topic... [https://twitter.com/adammancini4/status/1341178772066889728](https://twitter.com/adammancini4/status/1341178772066889728)"Those who follow me know I mention "consolidation" or "basing" on a daily, and many find this boring or overlook it. For me its the opposite - consolidation precedes the most explosive moves, is the #1 signal I look for on all time frames, and comprises the best classic patterns" + +Now, this afternoon /es seriously tore through its support levels at \~4130 (per Adam; \~4126 if you ask investing guru Cem Karsan): [https://twitter.com/jam\_croissant/status/1394650117395947527](https://twitter.com/jam_croissant/status/1394650117395947527)). + +This means SPY is very likely to enter bearish territory moving forward. You may ask, what does any of this have to do with my beloved GME shares you turd? There are 2 points here. + +1. GameStop has a severely negative beta. For the unaware, beta is a measure of how an individual asset moves (on average) when the overall stock market increases or decreases. GameStop having a negative beta means that historically, the stock goes up when the market (SPY) goes down. + +Take a look at this... [https://ibb.co/zQWp7v9](https://ibb.co/zQWp7v9) + +GME has a capital-structure adjusted beta of -21.6, which is INSANE. This means that GME is RADICALLY inversely correlated to movements in SPY (companies typically have betas of -1 to 1...). + +Take a look at GME's year-to-date chart to confirm.. when GME surged in late January and mid March, SPY was declining. There are likely numerous reasons for this, including: market contractions causing lower liquidity for funds (due to losses, redemptions) which puts upward pressure on GME due to the large short exposures held by institutions (the margin call thesis); and retail entering GameStop as one of the few strongly performing investments during market declines (causing a positive feedback loop). + +2. If you've stuck with me thus far, I think I might blow your chimp mind with this one..At any given time, there is an /es level for which GEX (gamma exposure) would be neutral. As of EOD today, that level was 4152.5...[https://twitter.com/TradeVolatility/status/1394747641192275968](https://twitter.com/TradeVolatility/status/1394747641192275968) + +When gamma is positive, MM hedging strategies amplify upward market movements. When gamma is negative... you guessed it, MM hedging strategies amplify downward market movements. This strongly contributed to the mouthwatering red days / circuit breakers we experienced in Spring 2020. + +NOW, this is critical... Wednesday morning (tomorrow!) marks the monthly expiration for Vix futures contracts (similar to how OpEx, or Options Expiration, occurs the third Friday of each month). + +My tits are getting hard writing this: there have been only 4 instances in the past 10 years where VixEx corresponded to negative GEX. The subsequent 4-day performance for SPY was... + +3/17/20 (-12%) + +12/18/18 (-8%) + +5/15/12 (-1%) + +8/16/11 (-6%) + +proof: [https://twitter.com/CycleWacher/status/1393183734829043713](https://twitter.com/CycleWacher/status/1393183734829043713) + +Are you putting it together yet? There is a VERY strong chance that SPY gets destroyed in the week to follow. Based on the above (average of (-7%) move), the outlook is SPY to hit $383 within a week. I am not predicting this exact level as I am a simpleton. Instead I am simply inferring from the best available historic data and the best minds on FinTwit there's blood on the horizon.. + +If this does occur, it will lead to widespread panic and margin calls. Not so easy for Shitadel, Shillvin Capital, and the rest of their cronies to maintain astronomical short positions on GameStop when: + +1. They've been investing on margin; +2. The market is down 7% or more in a week and GME has -21.6 beta; +3. Short sellers have lost $930 million on GME and AMC over the past 5 days (I suspect this is based on the "21.8% short interest", which we know is dishonestly calculated.. so real losses likely much higher).[https://finance.yahoo.com/news/gamestop-amc-short-sellers-sit-110554197.html](https://finance.yahoo.com/news/gamestop-amc-short-sellers-sit-110554197.html) +4. There are likely hundreds of millions of phantom GME shares that need to be covered; +5. Ryan Cohen / GameStop have acknowledged via Twitter that they are aware of #4, after receiving preliminary share vote data. I mean the guy literally tweeted MOASS last week from GameStop's twitter... +6. GME is at the tip of a beautiful months-long triangle pattern; +7. The 🦍 own the GME float (proof in prior SuperStonk posts) and are holding onto their GME shares like they have rigor mortis +8. The divide between Wall Street and Main Street has never been wider, evidenced by vast wealth & income inequality, the trending video of the mother unable to afford Insulin for her child, etc. +9. There is ever-growing attention on GME & SuperStonk, and MSM purposefully not covering this mind-bending market manipulation on GameStop is increasingly manifesting in the Streisand Effect +10. Likely 10+ other tailwinds I have not addressed. My room temperature IQ can't think about more than 1 thing at a time + +My fellow 🦍 .. strap in, because the GME 🚀 launch is coming ever closer.. and any profits to be gained from spy puts or ARKK puts or AMC calls will need to be examined under a microscope compared to what's in store for the GME HODLers. + +Not Financial Advice. Besides being irresponsibly long GME, my only expense is ordering crayons on Uber Eats. My urine has been rainbow for some time and I likely have pigmentation clogging my neurons and you shouldn't listen to my words. +I was originally promoted within my company to create a new department about 1.5 years ago. I’ve since worked my ass off and spent the last year doing managerial level work for non-managerial pay ($47k). + +I initially accepted this offer as it was in line with my experience at the time but I’ve now shown that my capabilities go far beyond what was originally expected of me. My market value is between $60-75k based on the title I *should* have. + +My boss agreed with this and requested a large pay bump prior to my review. He was denied and told I’d receive the standard 2.5% that everyone else got and could renegotiate in 6 months. + +The problem with this is that I was told the same thing the last time I requested a raise and it was never followed up. + +I’ve set up a meeting to ask what specific goals and milestones are in place for this 6 month period. + +Are they saying to renegotiate in 6 months because raises were already budgeted for review time, or are they just trying to pay me as little as possible. + +Worth noting that I love my job - I self manage with hardly any supervision as I chat with my boss every Friday about what’s going on. Should I just leave now or wait until I discuss why my salary adjustment was denied with the CEO? + +Edit: I don’t plan to quit without receiving an offer from another company - just asking if it’s worth negotiating with my current employer or if I should just take more money somewhere else. + +Edit 2: Holy hell I only expected to get 5-10 responses. Thanks everyone for the help! + +Current plan is to discuss why this happened and to also shop around for other jobs. Probably won’t use an offer as leverage although I’ve seen others here do so successfully. Cheers, all. +I work for a major brokerage. One that apes are extremely familiar with. + +And they have informed me that due to FINRA regulations I have to either transfer all my DRS shares to an account with them OR receive an exemption from the Ethics Office. If I don’t within 90 days I will be fired. Mind you I’m not a financial advisor, not FINRA licensed, and my department has nothing to do with stocks. + +And the irony isn’t lost on me that a huge shady broker who probably violates FINRA regulations all the time would suddenly be worried about them or have the audacity to have an “EtHiCs office.” + +So, I’ve submitted an exemption request because there’s no way in hell I’m transferring my shares to them. + +But now they’re asking more specifics about why I don’t want to transfer them. + +Of course it’s because they’re shady and I don’t trust them. But I don’t think they’ll listen and give the same old bs that they don’t lend shares. + +So, is there anyone here in finance that has successfully gotten their company to allow it? Or does anyone have any reasonable justifications I can give? + +I am planning on explaining that due to GameStop’s recent nft team creation and hires that there is a good chance they will release an nft dividend. But my company has announced that they don’t support nft dividends so I would like to keep my shares with computershare in order to receive a dividend that doesn’t have an equivalent cash value. + +But if anyone else has some ideas I’d really appreciate it. + +I would prefer to just quit, but there’s no jobs that pay as well in my area and I have a family to feed. + +Edit 1: For some reason some people think I’m making this up. Idk why, since I would have nothing to gain from it. But, I’m more than happy to provide mods with a copy of my employment agreement that explicitly states that I have to move my shares, if needed. + +Edit 2: My employer knows my positions because it’s required by finra regulations that you disclose your positions and move them to your employer or get an exception. + +Edit 3: I’m not suggesting that this is a conspiracy against GME specifically. This is standard practice in the financial industry in general. + +Edit 4: Here is the specific FINRA rule that requires employees of broker dealers to transfer shares or receive an exemption: rule 3210 https://www.finra.org/rules-guidance/rulebooks/finra-rules/3210 + +Edit 5: For those who don’t understand why a broker might ask this: If a broker receives an order for 50,000 shares of Amazon the employee could go ahead and buy shares of the company before the order is placed. And then make a profit on the price rise caused by the large order. + +I don’t work on the brokerage side, so I wouldn’t be able to do that. But my employer still asks employees to move shares. + +Update: I spoke to the ethics office and I was granted an exception! + +Because my company can’t do nft dividends they allowed the exemption. And I don’t have to transfer my shares out of computershare. + +Hopefully this is useful for other apes in the financial industry who might be able to use it to get an exemption from their companies. + +Thank you to everyone who helped out! +I keep watching Starbuck's share price fall and it's now definitely on my radar. I'd strongly consider it if it fell to the $65 range (3%+ yield), but even there I feel there's a lot of risk. + +Obviously the unionization is picking up steam. There were less than 3 petitions to unionize in October of 21, and now in April of 22 just 6 months later there are nearly 200. It's not like Starbucks has insane margins to begin, and if its workforce trends to unionized those margins will collapse to paper thin (which threatens the dividend, obviously). Good for society? Maybe. Good for a sustained and growing Dividend? Not at all. + +Starbucks has also shown to crumble under political pressure. Bernie Sanders among others attacked their $20 billion buyback plan and they crumbled and abolished it. But what you'll notice is those attacks also name dividend distributions. Both buybacks and dividends are being lambasted and they already canceled the $20 billion buyback plan. My confidence that dividends aren't on the chopping block is about zero. Certainly raising them at all will be met with scrutiny, and I don't know if the board has the gumption to do so. + +The company is under a microscope and has a lot of risk carried with it when you consider unionization, and their proclivity to cave to political pressure. + +What do you all think? Buying more at current price ($79.86 at time of posting), waiting for it to fall, not touching it with a 10 foot pole? +I keep hearing more and more about it daily. There are so many things that are going wrong and I try to tell myself not to be a doomer and look on the bright side, but Im not a professional Economist and barely know a few concepts of Macroeconomics. Is a recession really coming? How scared should I be? What steps should I take to safeguard my family etc. +[I posted this post about 2 years ago](https://www.reddit.com/r/realestateinvesting/comments/iqhwhy/12_year_into_this_real_estate_game_what_ive/) and boy have I been a busy bee… My journey has changed a lot from when I first started and where I thought I was going to go. I’m not much of a writer, so I’ll try to break up my post as logically as possible (no promises, as I'm writing this in one-go and it's late). + +We can start with the easiest and fastest to cover…. + +**W-2 income:** I’m still currently working at the same job. Quitting isn’t looking like a near-term possibility, unless things rapidly take off investing wise (which may happen). However, I’m likely looking at beginning of 2024. + +**Personal portfolio (personal name and my single-member LLC):** I just closed on my most recent triplex a month ago, bringing my total portfolio the following: + +Properties: 9 / Units: 17 / Cost Basis: $3.1 million / Current FMV (Conservative): $3.4 million / Pro Forma FMV (still renovating): $3.7 million / Net Cash Flow per Month: $11k (pro forma - when fully rented) / LTV: 85% off cost and 77% off conservative FMV + +Lately my portfolio has been shifting to small multifamily in VHCOL areas around well-desired neighborhoods. Which is where I would like to ultimately end up with a portfolio of roughly a dozen or so properties self-managed with easy tenants. Currently I have three of these properties and will likely “househack” into one or two more before I settle down in a nice single-family house. + +My personal portfolio is a mix of househacks, turnkey buy and holds, and value add investments that I covered in my first post. Nothing much more interesting has happened in it other than a few new purchases. + +Now cut to the fun part. + +**My 50/50 partnership:** This is where things took a more interesting turn. My friend who originally got me into investing in real estate asked if I was interested in a deal he was considering passing on. I asked, why because it seemed like a good deal and he stated he didn’t want all the risk. I suggested we split the risk by investing together and our joint-membership LLC was formed. Our portfolio currently consists of 15 properties (8 value-add, 5 seller financing, and 2 turnkey buy & holds (although a little rough around the edges)). We’ve been at it for roughly 1 ½ years together now. Using the same metrics as earlier in this post, the portfolio looks a little something like this: + +Properties: 15 / Units: 82 / Cost Basis: $3.3 million / Current FMV (Conservative): $3.7 million / Pro Forma FMV (still renovating): $4.8 million / Net Cash Flow per Month: \~$23 – 27k (pro forma - when fully rented) / LTV: \~80% + +In the beginning we exclusively focused on value-add projects where we could force appreciation by renovating and then cash out refinancing on the higher ARV (lately, more commonly referred to as BRRRR). This method is great if you’re capital constrained. If you have a finite amount of real estate investing money that isn’t easily replenished, then I fully support utilizing this method. However, whenever you’re renovating there is a lot of risk and this process takes a lot of time. If you’re new to real estate investing, I can guarantee you that this methodology won’t be faster than 6 months per deal if you’re doing a larger renovation. We focused on deals that had an average margin of 45% after purchase, closing costs and rehab. + +We also turned our attention to seller financing, have 5 properties that we executed upon and two more that are very high probability and likely executing within the next 2-3 months. One of the interesting deals was finding a seller who had a 22-unit “portfolio” (4 properties) for $725,000. He owned the properties outright and we put down $30,000 with a 5-month term at 3% interest. Upon execution, we approached our lender who had them quickly appraised at $1.1 million and we got a loan for $870,000. Paid off seller and got a nice little paycheck in the process (along with a portfolio that nets $4k per month and hopefully $8k when we finish two of the apartments and hike on the tenants who are drastically below market). + +Our latest deal is currently under contract and it is where I see our partnership going in the future. + +We recently go an offer accepted on a small apartment residential building and instead of self-funding the down payment, we reached out to investors for an equity stake. We put together a model and 5 page pitchbook and sent out some emails, calls and texts. We filled the order pretty fast and still have a lot of contacts pretty hungry for real estate investing. So now we are currently aiming a little higher towards an 8-figure property that would be quite the feather in our cap. We’re also very interested in taking down larger apartment buildings and AirBnB’ing some of the units for the properties that are in larger cities with nearby employers, but that’s just a thought for now. However, syndications are definitely going to play a significant role in our future. + +We are still self-managing our personal and joint portfolios. We have a virtual assistant who handles tenant phone calls and routes work-orders to our contractors, but she requires a lot of handholding and we aren’t recognizing too many benefits from this. She also helps with some administrative tasks for property management and cold-calls potential leads. Property management has proved to be easier than anticipated, but our real problem (at least in my view) is staying organized financially especially since both of us still work at our W-2 job. Would love to eventually hire someone for this and a bookkeeper, but I honestly don’t know how to start. Will likely be diving into this in the coming weeks/months. + +The last post got a lot of Q&A after (mostly about me being in investment banking) and if we can keep it real estate related I'm all for it. I also don’t mind doing an unofficial AMA in comment section or providing any sort of case studies for previous deals. Whatever the sub wants (and that I have time for). + +**What I’ve Learned So Far:** + +**1.** **Other people’s money can be rocket fuel.** The number one hurdle I hear people talk about is not having enough capital to enter real estate and I definitely sympathize. The barrier to entry for a lot of people can be pretty daunting. My suggestion? Go find someone who is willing to give you money in exchange for interest or equity. If you’re looking at a “BRRRR” property, get a hard money lender to put up 90% and borrow the other 10% from someone you know that has money. If you’re looking at a turnkey, cash-flowing 4-family, find someone who is willing to give you money for the down payment for a 70% equity stake. Which brings me to my next point. + +**2.** **Get over being afraid to ask for money.** I hated borrowing money when I joined forces with my partner. Especially because our first few deals were pretty small and we could have easily self-funded the portion that hard money lenders wanted down. I felt like I was begging for money and it was so small that it looked pathetic. This way of thinking was absolutely wrong. Asking for money (even small amounts) allowed us to A. Build a relationship which proved useful for the larger deals we did down the road with those investors, B. provided them a service to diversify their portfolio and reap some nice hard money interest payments along the way, and C. allowed the investors to start small (which is what they wanted) because we were unproven operators to them. + +**3.** **If you want to go fast, go alone.** **If you want to go far, go together.** Partnering up was the best decision I could’ve made. I legit love my partner. Partnership, especially synergistic ones, can yield massive dividends for your real estate portfolio. Neither myself, nor my partner, (admittedly) could have done what we accomplished by ourselves in the same amount of time. Don't be afraid to find someone who compliments you and team up. + +**4.** **Don’t Just Do It (I’m going back on what I said previously).** I am no longer a believer that real estate investors should do any repairs, renovations or management. In fact, I’d strongly suggest that going forward, you invest only in properties that have high enough cash flow to pay for property management in order to free up your time to focus on revenue generating activities (acquiring more and more cash flowing properties). + +**5.** **Paddle your own canoe.** I said this before in my past post, but it warrants repeating. “Comparison is the thief of joy” - Teddy Roosevelt. Everyone’s story is different. There’s no need to be the king of real estate or on the cover of Forbes. I’ve seen some real estate investors who have carved a pretty spectacular life for themselves by owning a handful of properties outright. It's not impossible. +Hi everyone, + +I mainly invest in the EU and wanted to find an answer for a question that's been eating at me for some time. + +Given all that is happening geopolitically in the EU with regards to energy & effects on inflation & economy (for example italy and germany), how are the markets still at theses levels or even going up? + +The writing has been on the wall for a few months now, and unfortunately it doesn't seem like it will get better. I don't see anything but bearishness or huge bearishness. + +Can someone explain or tell me the other bullish view on the EU? Maybe I'm wrong and everything is awesome and will get better? +Since the crash in May, the bipolarity of this sub has become even worse than before. Yesterday, when most coins dipped quite a bit, the sentiment was that clearly we were already in a bear market and there was no chance of things going up again in the short term. + +Today, after most coins recovered from yesterday's dip, the top posts are providing us "[the FULL picture](https://old.reddit.com/r/CryptoCurrency/comments/o62yg9/the_full_picture_why_i_believe_the_crypto_bull/)" (lol) why the bull market isn't over and are congratulating us on not having paper hands. + +The facts are: nobody knows what will happen. The only thing we know is that things went up like crazy for half a year, then crashed pretty hard in May and have been going sideways ever since. The market could continue to go sideways for months, or it could shoot back up or completely crash in an hour. Looking at former cycles doesn't help us all that much, nothing is guaranteed to repeat itself. + +This sub is a great source of entertainment and for crypto news, it is an awful source of advice. People like to pretend they know what will happen - and I think some really think they know it and are telling that to themselves - because they read it in the stars (and call it technical analysis) or just look at some metrics that support their claims and ignore others. Don't believe them, nobody knows anything. + +**tl;dr: nobody knows what will happen, don't believe anyone who pretends they do** +Although the market was open, the SEC was not open. It took me a minute to find this; + +[https://www.reddit.com/r/Superstonk/comments/nksg03/t21\_ftd\_cycle\_may\_2526th\_if\_we\_can\_break\_through/](https://www.reddit.com/r/Superstonk/comments/nksg03/t21_ftd_cycle_may_2526th_if_we_can_break_through/) + +Where the distinction was made between "Calendar Days" and "Trading Days". Full read if you want to understand all that, I won't bother trying to shorten it to a TLDR. Did I mention it hurts when I think? + +There is a holiday chart on that post and a pretty deep dive into the associations with holidays as they relate to T+21 FTD delivery. + +So I want to put this out there for anyone that can use their brain without reaching for the bag of frozen bananas to put on their head. + +As per FINRA 7140 rule; + +>**(3) Automatic Lock-in**Any trade that remains open (i.e. unmatched or unaccepted) at the end of its entry day will be carried over for continued comparison and reconciliation. The System will automatically lock in and submit to DTCC as such any carried-over T to **T+21** (calendar day) trade if it remains open as of 2:30 p.m. on the next business day. The System will carry over any T+22 (calendar day) or older "as/of" trade that remains open, but such trade will not be subject to the automatic lock-in process. + +So my question really is, did the new Juneteenth Federal Holiday move the goalpost up +1 or nah because of the lock in date. + +Keep in mind I'm just as willing to have this debunked as I am to have it...umm...bunked? And I don't mind being called a tinfoil hat person at all. I'd sell that hat on Etsy if I had one and buy a fractional share with it anyway. + +EDIT\* Here's a great follow-up from u/ShipwreckDD! + +[https://www.reddit.com/r/Superstonk/comments/o79c4i/t21\_is\_tomorrow\_i\_do\_believe/](https://www.reddit.com/r/Superstonk/comments/o79c4i/t21_is_tomorrow_i_do_believe/) + + Thanks everyone for taking the time to further look into this! +I’m in my 30’s NW 15M-20M. + +Looking for some advice from the FAT Folks who have been FAT for a while…. + +It’s been a great couple years, and I am trying to enjoy life a bit. I am noticing though, that regardless of how much money I have, I’m still getting blocked out of some marquee experiences that I am very much willing to pay more for. + +For example, I tried to get hospitality/premium tickets the F1 Race in Miami only to learn that it’s completely sold out already (pre-sale hasn’t even opened yet). + +Same with a local tennis club up the street from me. It’s not particularly prestigious or anything, but they are completely full to capacity, literally no matter what. + +The economist in me, scratches my head, because there should technically always be a price for almost all goods/services. + +So to you more seasoned FATfire folks, is this a new phenomenon? Or perhaps I am missing something? + +TLDR: Why is everything selling out or at capacity regardless of price nowadays? + Backtest. + +You're being emotional whenever you are in a trade? Because you haven't fully backtested your strategy. +You keep on looking at your open trades? Because you probably don't know your probabilities. +You don't know if this is a good trade or not? Because you don't have rules set in stone. +You don't know where to set a stop loss? Because you haven't backtested what's the most optimized stop loss. +You have weak hands and tends to change your target from profit time to time? Because you don't trust your strategy. + +Backtesting is basically the answer to majority of the problems of a trader (setting aside risk management). + +Once you have rules set in stone and did enough backtesting to your strategy, this covers alot of problems: + - you know your probabilities + - you don't worry about your trades (if your backtest gives you 60% winning, then you expect that you will lose 40% of the time, you don't become emotional) + - you don't worry if it's a good trade or not + - you know where to enter, stop loss and take profit + - you don't over trade + - you don't second guess your trades +Hello people, + +I'm a 31M on a £28,000 salary in the east of England. I have been seing costs of my daily expenses skyrocketing during the last 4/5 months, and I have started panicking with my budget. + +I use to spend monthly: +£100 for fuel for commuting +£110 for groceries +£650 for rent +£100 for leisure time +£250 for monthly trip to Italy (my girlfriend is there) +.......which leaves me with circa £500 to save. + + +Now the budget for Fuel has gone up by £80 more, and trip to Italy has gone up by £120, byting heavily into by savings. + + +Have you got any tip, suggestion or advice on how to mentally deal with the current time? +Thanks. + + +Edit: +I have got a lot of suggestions and Ideas and I would like to say a big Thanks to everyone. + +I'll proceed in this way, starting from tomorrow: + +1- Start looking for a cheaper accomodation, close to our HQ. Lets hope I could kill 2 birds with one stone (low rent, fuel cost cut down) +2- Try again with HR, hoping for a payrise (I like the place I work in). +3 - Girlfriend will be visiting me from August on, as she has almost finished with her studies. So I'll be saving here. +4- I have started reviewing my CV....if point 2 doesn't go well, I'll start job hunting. +Dozens of apes were just doxxed in the new DTCC filing. If your email appears in that filing after page 42 I'd highly recommend you do these two things at the very least: + + - Update your current email password. + - Make a new email through an encrypted service such as Protonmail, and re-link your brokerage accounts to it just in case. + +And for some added security, if these features are offered: + +- Verify your backup email +- Enable 2FA / MFA + +Emails can be linked to other breached datasets and apes could be targeted after the squeeze. The information in that filing is now public. Be careful out there. + +--- + +EDIT: I'm referring to https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/DTC/SR-DTC-2021-005.pdf + +Starting on page 42 +Looks like Germany wasn't the only one who got fucked over eh? + +I'm seeing posts and comments across here that we got fuckin duped! If you believe that your securities have been mishandled and have some evidence backing that I'm sure your provincial rep might want to hear about it. this is NFA, nor do I condone brigading. this post is just a simple contact list of representatives across Canada that you can direct your concerns to. If, you feel obliged to do so. + +Edit 2: First I would like to thank everyone for not letting this die in new. A great comment below states to CC your MP's in an email if you are escalating things. Exposure, Exposure, Exposure. If some of these reports are true, its fraud and is very serious and I would hope an investigation would commence. Good luck to you all - Let the maple syrup flow. + +Edit: I would also like to add the contact information of the IIROC - Investment Industry Regulatory Organization of Canada. Many provincial inquiries may just land you here. I would like to add that going over the head of your provincial reps is a lot quieter... exposure is a good thing and maybe, just maybe one of these provincial reps is a bloodhound. you never know. + +IIROC + +Email: [InvestorInquiries@iiroc.ca](mailto:investorinquiries@iiroc.ca) + +Toll-free (Canada/US): 1 877-442-4322 + +Toll-free (outside Canada/US): 800-5555-2323 + +&#x200B; + +Here are the contacts sorted by province. Remember to be RESPECTFUL! + +**Alberta**: Stan Magidson, Chair and Chief Executive Officer + +Alberta Securities Commission + +Suite 600, 250–5 Street SW + +Calgary, Alberta T2P 0R4 + +Tel: (403) 297-6454 + +Tel 2: 1-877-355-0585 + +Fax: (403) 297-6156 + +Web: [https://www.albertasecurities.com](https://www.albertasecurities.com/) + +Inquiries: [Inquiries@asc.ca](mailto:Inquiries@asc.ca) + +**BC**: Brenda Leong, Chair and Chief Executive Officer + +British Columbia Securities Commission + +P.O. Box 10142, Pacific Centre + +Vancouver, BC V7Y 1L2 + +Tel: (604) 899-6500 + +Tel 2: 1-800-373-6393 + +Fax: (604) 899-6506 + +Web: [www.bcsc.bc.ca](http://www.bcsc.bc.ca/) + +Inquiries: [inquiries@bcsc.bc.ca](mailto:inquiries@bcsc.bc.ca) + +**Manitoba**: David Cheop, Chair and Chief Executive Officer + +The Manitoba Securities Commission + +500-400 St. Mary Avenue + +Winnipeg, MB R3C 4K5 + +Tel: (204) 945-2548 + +Fax: (204) 945-0330 + +Web: [https://www.mbsecurities.ca](https://www.mbsecurities.ca/) + +Inquiries: [securities@gov.mb.ca](mailto:securities@gov.mb.ca) + +**New Brunswick**: Financial and Consumer Services CommissionKevin Hoyt, Chief Executive Officer + +Financial and Consumer Services Commission + +85 Charlotte Street, Suite 300 + +Saint John, NB E2L 2J2 + +Tel: (506) 658-3060 + +Fax: (506) 658-3059 + +Web: [http://www.fcnb.ca](http://www.fcnb.ca/) + +Inquiries: [info@fcnb.ca](mailto:info@fcnb.ca) + +**Newfoundland and Labrador**: (No single contact) + +Newfoundland and Labrador + +Office of the Superintendent of Securities Service Newfoundland and Labrador + +Service Newfoundland & Labrador + +St. John's, NL A1B 4J6 + +Tel: (709) 729-4189 + +Fax: (709) 729-6187 + +Web: [http://www.servicenl.gov.nl.ca/securities/index.html](http://www.servicenl.gov.nl.ca/securities/index.html) + +**NWT**: Matthew F. Yap, Superintendent of Securities + +Northwest Territories + +Office of the Superintendent of Securities + +Department of Justice Government of Northwest Territories + +Yellowknife, NT X1A 2L9 + +Tel: (867) 767-9305 + +Fax: (867) 873-0243 + +Web: [https://www.justice.gov.nt.ca/en/](https://www.justice.gov.nt.ca/en/) divisions/legal-registries-division/ securities-office/ + +**Nova Scotia**: Nova Scotia Securities CommissionPaul Radford, Chair + +Nova Scotia Securities Commission + +Suite 400, 5251 Duke Street + +Halifax, Nova Scotia B3J 1P3 + +Tel: (902) 424-7768 + +Fax: (902) 424-4625 + +Web: [http://nssc.novascotia.ca/](http://nssc.novascotia.ca/) + +**Nunavut**: (no contact) + +Office of the Superintendent of Securities Nunavut + +1st Floor, Brown Building + +Iqaluit, NU X0A 0H0 + +Tel: (867) 975-6590 + +Tel 2: (867) 975-6594 + +Web: [http://nunavutlegalregistries.ca/sr\_index\_en.shtml](http://nunavutlegalregistries.ca/sr_index_en.shtml) + +**Ontario**: Ontario Securities CommissionD. Grant Vingoe, Chief Executive Officer + +Ontario Securities Commission + +20 Queen Street West + +Toronto, ON M5H 3S8 + +Tel: (416) 593-8314 + +Tel 2: 1-877-785-1555 + +Fax: (416) 593-8122 + +Web: [www.osc.gov.on.ca](http://www.osc.gov.on.ca/) + +Inquiries: [Inquiries@osc.gov.on.ca](mailto:Inquiries@osc.gov.on.ca) + +**PEI**: The Office of the Superintendent SecuritiesSteve Dowling, Director + +The Office of the Superintendent Securities + +Consumer, Corporate and Insurance Services Division Office of the Attorney General + +Charlottetown, PE C1A 7N8 + +Tel: (902) 368-4569 + +Fax: (902) 368-5283 + +Web: [www.gov.pe.ca/securities](http://www.gov.pe.ca/securities) + +**Québec**: Autorité des marchés financiersLouis Morisset, President and Chief Executive Officer + +Autorité des marchés financiers + +800, Square Victoria, 22e étage + +Montréal, QC H4Z 1G3 + +Tel: (514) 395-0337 + +Tel 2: 1-877-525-0337 + +**Saskatchewan**: Financial and Consumer Affairs Authority of SaskatchewanRoger Sobotkiewicz, Chair and CEO + +Financial and Consumer Affairs Authority of Saskatchewan + +6th Floor 1919 Saskatchewan Drive + +Regina, SK S4P 3V7 + +Tel: (306) 787-5645 + +Fax: (306) 787-5899 + +Web: [http://www.fcaa.gov.sk.ca](http://www.fcaa.gov.sk.ca/) + +**Yukon**: Office of the Yukon Superintendent of SecuritiesFred Pretorius, Superintendent of Securities + +Office of the Yukon Superintendent of Securities + +307 Black Street, 1st Floor, + +Whitehorse, Yukon Y1A 2N1 + +Tel: (867) 667-5466 + +Tel 2: 1-800-661-0408 + +Fax: (867) 393-6251 + +Web: [https://yukon.ca/en/doing-business/securities](https://yukon.ca/en/doing-business/securities) +This post is just a primer for the day when DFV eventually sells and this sub loses their collective minds and go out for blood. The guy has made multiple people millionaires and all these people posting their donations sold before he ever did. + + + +I have seen many times how vicious reddit can be with these sorts of things and everyone needs to prepare themselves mentally for the day he rides off into the sunset. Just be cool when it happens. +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned. +Let me just start off by saying everything is going to be OK. I am going to try and make this short and sweet. I am not the best at writing, it was never my strong suit. I have been going back and forth if I should post this or not, but I think it will help a few. + +When I was 27 years old I was diagnosed with colon cancer. I spent the next 3 years in and out of hospitals, had about 10 surgeries, lots of complications from said surgeries. I could have a rolodex of doctors and surgeons names that somehow have been involved in trying to fix me. I had sepsis twice (one time very severe), 12 months in a hospital bed being fed and hydrated through tubes (seriously never got to taste or drink anything for about 7 months), blood clots from my PICC lines and all sorts of the weirdest, gruesomest shit happen to me. I was about 170 pounds when I started, down to 115 in the hospital. + +Anyways, after those awful 3 years I am finally home for good. It was hell but it is past me. I go in for my annual scan and my lungs lit up like a Christmas tree. Given my medical history and how late the cancer was when removed they assumed the worst. I was given a year to live, or a year and half with chemo. They decided to a biopsy on my lungs, more as formality to confirm the cancer. I had about a 30 days before the biopsy. 30 days to start picturing how I want to live the rest of my short life. + +This is where I want to relate with the rest of my financial independent people. I know some might feel nervous about never getting to experience the life you worked so hard for due to dying before reaching your goal. + +I want to say that not once did I ever regret saving and building a nest egg for my future. I still felt like I lived a good life even though I saved a good portion of my money. In fact, I was relieved that I did. Knowing that I had a decent size portfolio that my wife would take over was such a relief. Knowing that she would still be taken care of, at least financially, when I was gone was a huge weight off my shoulder. I would not have changed anything in my past, even knowing I could have took bigger vacations, nicer cars and a bigger house. I was very content with the life I had. I seriously had not one ounce of regret that I saved so much of my income. + +Just like I said though at the very top, everything is OK. The biopsy came back and it was negative for cancer. I have another condition named Sarcoidosis, which will look like lung cancer under a CT. Myself, the doctors, my wife, and family were all shocked. If it was in fact lung cancer, as of right now, I would probably be close to dead. + +I am sure some of you on your way to financial independence considered the possibility of not surviving before reaching your goal. At least I know I did. What happens if you die young? What happens if you don't get to enjoy your nestegg that you worked so hard for? Now I know what it feels like. I had a nice, little townhouse, a wonderful wife, a little bratty dog, and took nice vacations with family and friends. Life was and is still very good. Just make sure you still live a good life on your journey to FI and I assure you will have no regrets. + +Edit: I just want to thank all of you for the nice comments, stories, inspirations and of course the gold! You guys brightened up my day. Seriously, thank you, it is greatly appreciated. + +Short story, but I’m a broke college kid who can’t get enough hours at my work. I had a lot of debt from moving out and other things that came up unexpectedly. I had always donated my blood for free, but went to a place where they buy plasma. I found out my rare blood type (AB+) was worth a $100 a visit (get paid in gift cards). This little extra income every week has helped me tremendously financially and I suggest if you are in debt or just want extra income, find out what blood type you have and look into how much people will pay you for it. + +Edit 1: Some plasma places will ask you to prove your blood type. I used information from the centers I had donated at before (online profile). Can also get info from your doctor I’m sure. + +Edit 2: Sorry I misspoke. My blood type made it so they would take me, not give me more money than other donors. They give everyone a $100. But they were only taking new donors with AB+/- blood. +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned. +I’m holding to see how high this fucker flies and that’s all I’m doing. Not gonna turn on someone (who has been nothing but helpful and gifting us his time) just because we don’t see eye to eye on this particular situation. Get fucked +I read a post on this thread yesterday that really moved me. The theme was about people who never got to retire because they got sick or died unexpectedly. Here is my deal. I have been working for 25+ years in a job I’ve never really loved. Early on I got some pleasure from the travel and entertaining but the last 4 years or so have been depressing. + +Here are some other details. I would say i have around 2m in retirement/savings and need about 40k per year if my wife continues to work(teacher she likes it) + +We have 2 kids which will need college still. + +Wife does not want me to RE. I know at my age I will not be able to come back. She wants me to find another job, but honestly I don’t want any other 9-5 gig. + +My biggest fear is that I die early or never get to do things I want to do due to physical limitations. Currently early 50s. + +From what I can tell if we can keep our income to 75k I can start selling taxable gains without tax. Not sure wife wants to work while I don’t, but we could use her healthcare. + +What to do, and how do I convince the wife. I find that I am currently depressed and drinking more. Dont seem to have much joy in my daily life due to time spent working along with other obligations. Friend just got cancer in early 40s. I dont want to die at this desk. I have tried to get consulting or other things going on the side but not much success. + +Thanks + + + +I did spend plenty of savings on depreciating cars and stupid crap and when I had an extra income, there was this itch to buy something nice. Of course, I still do, from time to time, but you know what I mean. And yes, it was cool and a phase to remember. + +Investing in real estate helped me to freeze all my money and as a result, I buy less useless crap and instead, have assets. Now, all the purchases are are related to real estate, so this is a godsend. + +It’s like forcing yourself to save for impulsive buyers like myself and it works. +I went to a festival about a month and a half ago and the check-in process was lengthy—I was told I’d be entered into a drawing but I didn’t give it much thought. + +A few weeks ago I started to get calls from a number I didn’t recognize—when I googled it, it came back as a travel agency and there were several reports marking as spam. I decided not to answer the calls, but they’ve been coming in more often (increasing from once a day to 3 times a day). Yesterday I decided to answer and was told I had won the drawing and was given the option for several prizes—a $250 gift card, a 40” tv, Beats headphones among several other things—cool, I opted for the gift card. Also, I won a 2 night stay at one of two resorts. One was a resort about 45 minutes away from me, the second was a ski resort in the mountains. I went with the second option as I thought it would be fun for the family. The guy said “let me confirm the mailing address” and I asked him what dates I was allowed to book—then he put me on hold to get a “supervisor”. + +Supervisor explains that he was new and she wanted to make sure he informed me correctly of what I had won and used the right terminology. Ok, “so, he told you about the deposit?” Wait. What. I’m not comfortable with giving my payment information over the phone. I’m not even sure if this is real. And then she got super pushy. “It’s a $75 deposit and you get it back after the tour plus I’ll give you an extra night and you’ll get your $75 back AND the $250 gift card.” Tour? My mind immediately went to timeshare. Without voicing my concerns, she said “this is not a timeshare pitch, it’s literally a tour of the grounds so you’ll come back”. + +I’ll have to think about it. + +“Ok, you’re on the phone with a supervisor, I’m offering you an extra night—$250 gift card and the only thing you have to pay is $75 (which you get back)—why are you saying no?” + +Red flags all around, so I told her I was at work and couldn’t talk. + +“Well, we’ve been on the phone for 8 minutes already—“ + +And then I just hang up. + +Has this happened to anyone else? Was this a scam? It seemed really fishy and questionable. + +*Edit: Based on everyone’s feedback, it sounds like it’s not a scam in the traditional sense. Since I’m in B2B sales and confident in my ability to say no (also, I’m cheap) I may take them up on it if they call back (or I may just fund my own vacation to a ski resort). Thanks for the heads up, everyone! +Facebook owner Meta Platforms (META) plummeted Thursday after it reported third-quarter results that fell far short of earnings estimates and offered a revenue outlook that missed the mark. Meta stock lost more than a fifth of its value before the bell. + +The company reported adjusted earnings of $1.64 a share on revenue of $27.7 billion. Analysts expected Meta to report earnings of $1.90 a share on revenue of $27.4 billion, according to FactSet. + +Meta stock crumbled 22.8% to 100.24 in premarket trading on the stock market today. + +The company reported adjusted earnings of $1.64 a share on revenue of $27.7 billion. Analysts expected Meta to report earnings of $1.90 a share on revenue of $27.4 billion, according to FactSet. + +Meta stock crumbled 22.8% to 100.24 in premarket trading on the stock market today. + +Meta Stock: User Count Meets Estimates + +The company expects fourth-quarter revenue to be in the range of $30 billion to $32.5 billion. The midpoint of $31.25 billion compares with analyst estimates of $32.3 billion. + +Facebook reported having 1.98 billion daily active users, meeting estimates and up 3% from the year-ago period. It had 2.96 billion monthly active users, also meeting estimates and up 2%. + +"We are making significant changes across the board to operate more efficiently," Meta said in its earnings release. +😂💰😊💰::made it another 2 days, made it another 2 days:: 💰💰 +P. S. hope no one takes this as giving up on trying to change my situation. I am, every single day. But it does help to laugh a little and be greatful for the small things +I want to tell you guys a cautionary tale of how easy it is to lose everything. + +First let me explain how my coins are stored. I have 3 copies of my keystore file in different cold storage locations. They are in no way connected to the Internet or each other. I still have all 3 copies. The password for the keystore is stored in a password manager. I have the password manager database saved on 3 devices, and sure enough I still have all 3 copies. I know the password for my password manager still, I have not forgotten it and never will. + +Given the above it should be almost impossible for me to lose access to my coins, barring some kind freak incident where all backup locations are lost. I'm smart right? I'm tech savvy right? I know what I'm doing and could never lose access to my coins? WRONG. Please guys don't think you are ever "smarter" than the average user who has lost all their coins when you are reading these type of stories. This can happen to you too no matter who you are. Once access is lost forever no amount of interwebsmarts can get your coins back. + +So what dumb mistake did I make to lose access to my coins forever? Well around March this year I moved my coins to a new wallet to finally split the ETH/ETC apart, which since I was just using cold storage all these years had never occurred to me to bother doing before. I created a new password for the new wallet and updated my password manager accordingly. I checked everything was working and that I could still get into my new wallet and all was dandy. I saved the new wallet alongside the old wallet in all cold storage locations. I kept both, you know, why not. + +Fast forward to yesterday when for the first time since March I tried to access my wallet. I can't access it. The password is wrong. I can still access my old and now totally empty wallet, great. It suddenly hits me what has happened. I have the old wallet password only. Over the months that have passed when syncing between the 3 locations where my password manager database is stored I have overwritten the version with the new wallet password. I have made changes to an outdated copy of the password manager database, and then synced that version to all other locations forever erasing the password to my new wallet. The password was randomly generated and is 20 characters long. It's totally unbruteforcable, unguessable, and totally out of my control to get access. + +I can never recover these coins now. Despite having maticulous cold storage backups, and failsafes (or so I thought) , I've lost everything though one clumsy mistake. That's all it takes guys. One little fuck up. + +I finally had some plans of what to do with the money. I was gonna cash some out and start enjoying a new life. I had really enjoyed posting here on Reddit about crypto and lurked here everyday. I was a part of something big, new and exciting. Just like that it's all been stripped away from me leaving a huge gaping hole in my life where a passion and a hobby of mine once used to live. It's totally crushing. It's not even about the money so much as it is having built a hobby, and based part of your entire identity around being one of those lucky guys who got into Ethereum early. And then it's just gone. + +I'm not looking for sympathy or hand outs, so please don't bother. But if my story can help at least one other person avoid making such a seemingly simple yet catastrophic mistake, then hopefully this story has been worthwhile. + +Guys I honestly believe the biggest risk to your coins is not scamming or hacking or theft. It is in fact user error and lost access. Don't make my mistake. + +I can't hang around here now for probably a long time. I need to move on and forget. It's an exciting time in Ethereum, with potential for amazing price growth, and exciting new ways that this technology is going to change the world unfolding. And I wish everyone here the best. But it's going to be hard for me to watch now, even if I reinvested, so I need to take a step back for some time. + +**Edit: I really appreciate all the helpful suggestions and advice, I didn't expect this thread to blow up with so many comments. I've read them all, and it is useful to hear suggestions I might not have considered. I'm pretty sure the only slim chance I have is a professional data recovery expert. I already tried myself, but I suppose a professional really knows what they are doing so maybe it is worth a try after all. I won't get my hopes up but I guess it's worth a shot. If not, it's the very long hold for a quantum computer that can bruteforce the password....** + +**Edit 2: Fuck password managers for crypto. There are so many better solutions, including simplest of all: using your own secure password which you actually know. In all likelyhood a wallet password is far and away more valuable than any other password you have. Treat it with respect, don't just randomly generate it and forget. I never appreciated the risk of using a randomly generated password I didn't know. All the wallet backups in the world are no good if they are encrypted and you don't know the password. There are plenty of other great suggestions in the comments for how to manage a wallet. Let's all get smart.** + +**Edit 3: Sorry for loads of edits I know it's lame. Lots of people are PMing asking for more details so they can help. It's incredible to get such a response and I appreciate it. If you want more details please check my recent post history as I have given some more detailed replies in the thread just now.** +I own a business. Its a few ecommerce stores selling niche hunting gear. Ghillie suits, camo netting, firearm attachments being three examples. + +Its me and two employees. They do all the physical work. I sit at home and click a mouse and type on a keyboard for about 2 hours per day. + +Last year I made $250k. +The year before I made $170k. +Before that, $60k +This year so far my personal take home has crossed $350k and its not even july. I should cross $600k this year and I have an entire new store in the pipeline that should keep things moving up even further. + +I'm obviously very happy about this, but my workload from 170k -> now has not changed. I dont do anymore work now than I did at that level. This new store is the only expanding I've done in 2 years. All the growth is just from google rankings and advertising bringing in more and more customers every year. + +I cant shake the feeling that I dont deserve it. I still live the lifestyle that I had when I worked a $16/hr job because I seriously do not feel like this is correct. It feels like the universe made some kind of an error here. I cant get rid of this guilty feeling when I look at my profit at the end of the day. + +I've typed up this post twice and deleted it because its literally the dumbest thing on the earth to complain about. Just want to see if anyone else has been here. Not even going to include my age or any of that info and I really dont want to go into that stuff. +I hate this question and wanted the right way to explain what it is I do to family and friends without over complicating it. I tried the old its risk management but for someone who doesn't understand anything about day trading what is the best way to explain what it is that you do all day. Look for opportunities maybe? +This is a fat guide to retirement accounts, and will include some nifty strategies you may not be familiar with. These strategies are available to anyone but if you’re not high income it can be hard to fund them. You may be aware of some or all of what I’m about to talk about, while others won’t be, and that’s who the guide is for. Please consult with a CPA (which I am not), before doing complicated tax maneuvers. + +First, traditional W-2 employees generally have access to IRAs and 401k’s (sometimes they are 403b’s for government/non-profit, but I’ll call those 401ks as well). Tax deductions for contributions to traditional (pre-tax) IRAs are prohibited once you hit a certain income limit if you (or your spouse) has a retirement plan through work. [Here](https://www.investopedia.com/ask/answers/07/401(k)_ira.asp) is a guide on those limits, which many of you will be over. + +Roth IRA contributions are income limit dependent (doesn’t matter if you have an employer plan), with a phase out period for contributions that you can see in the guide linked above. Again, I suspect many of you are over the limit. + +The caveat here is what’s called a “backdoor Roth IRA” maneuver where you place the legal maximum contribution after-tax to an IRA ($6,000, or $7,000 with the catch-up). You then rollover this money into a Roth IRA and you now have legally (the IRS has rubber stamped this technique) contributed the max to your Roth account despite being over the income limit. The caveat, of course, is that if you have ANY form of pre-tax IRA (SEP/SIMPLE/traditional) with money in it, you engage the pro-rata rule, and that’s not good. [Here](https://cjwealth.com/calculating-pro-rata-rule/) is a good guide on calculating pro-rata. However, the pro-rata rule does not apply to accounts in 401k plans, so you can roll all of your pre-tax IRA assets to your pre-tax 401k at work (if allowed), and then execute this maneuver without triggering pro-rata. If you have self-employed income, you can also set up a solo-401k and roll it over there. + +For 401ks, you have a contribution limit of $19,500 (or $26,000 for catch-up). Your employer typically matches a portion of that. Employer contributions are limited such that total contributions can be up to $57,000 (or 63,000) between you and them. If you are self-employed, you can open a solo-401k and contribute the whole $57,000 assuming you meet the [guidelines](https://www.nerdwallet.com/blog/investing/what-is-a-solo-401k/), since you’re acting as both employer and employee. + +Now let’s introduce the mega-backdoor roth, which is also approved by the IRS. Let’s say you contribute the max to your 401k, $19,500, with a 50% match at $9750, for a total of $29250. It is possible to contribute another $27750 (the $57,000 max minus your and your employer’s contribution, so 57,000 - 29,250), to your account through this technique. The math is your employee contribution + employer contribution + mega backdoor = $57,000. Your 401k will have to support after-tax contributions beyond the contribution limit and permit either in-service withdrawals (to a Roth IRA) or in-service conversions (to a Roth 401k) for this to work. If you do the withdrawal to a Roth IRA, the pro-rata rule may apply again. + +Basically, you contribute the money after-tax to your 401k and then do the withdrawal/conversion to switch it to a Roth. Assuming you execute both the backdoor and mega-backdoor, you’ve got yourself a cool $63,000 (or 70,000 with catch-up) in retirement accounts per year. + +There are a few other tax-advantaged retirement accounts, like HSAs, which I covered [here](https://www.reddit.com/r/fatFIRE/comments/ezgz8m/a_fat_guide_to_hsas_the_ultimate_retirement/). I basically treat that as an extra traditional IRA with no RMDs and tax-free distributions for health expenses. + +There are also SIMPLE IRAs (which I won’t discuss, they are just worse 401ks) and SEP IRAs. SEP IRAs are entirely employer contributed, with no employee contributions. The employer can contribute up to $57,000 or 25% of the employee’s wages (whichever is lower). As the business owner, you can contribute for yourself. SEP IRA contributions [do not count against other IRA contributions](https://www.irs.gov/retirement-plans/retirement-plans-faqs-regarding-seps-contributions), and if you have a SEP IRA and are a W-2 employee at another job, your contributions to your SEP IRA [do not count](https://www.fool.com/knowledge-center/can-a-person-have-a-401k-and-sep-ira-simultaneousl.aspx) against your 401k contributions or employer’s match. This makes SEP IRAs really powerful for any kind of self-employment income, because you can stash 20% of your self-employed earnings in them up to the limit and not pay tax on that. If you have employees besides yourself, you may be required to give them SEP money, too, so be careful of that. Remember SEP IRAs do engage the pro-rata rule, so you should roll it over to a 401k before any backdoor maneuvers. + +You may also be able to contribute $57,000 as the employer in a solo 401k through profit sharing, even with a separate 401k from your W-2, though I haven’t done this or explored it much. It would likely be useful if your employer doesn’t support IRA rollovers to pre-tax 401k, as you would have pro-rata issues for any backdoor maneuvers if you used a SEP. + +I won’t discuss deferred compensation plans in detail, because either you should know enough to understand your 409a (private plans for executives, which are varied in details) or you have a simple 457b (government/non-profit), which permits an additional $19,500 in pre-tax contributions (including any match) on top of anything else. + +Finally, personal defined benefit plans are an option for self-employed individuals, particularly those who are older and have consistent self-employed income. The rules are very complex, and aren't worth pursuing if you don't have a large self-employment income or are under 50 because the contributions are tied to age and time until retirement. However, you may be able to sock away $200,000 into these accounts alone. See [Schwab's](https://www.schwab.com/small-business-retirement-plans/personal-defined-benefit-plan/personal-defined-benefit-plan-faqs) FAQs on the matter for more info., and consult a professional if you're interested. + +So, if you have a successful side-hustle (with at least $285,000 of profit) and are a W-2 of another business, you could in theory contribute: + +HSA (if you have an HDHP): 3550 + +Backdoor IRA: 6000 + +401k with Mega-Backdoor: 57000 + +SEP IRA (rolled into your 401k to not trigger pro-rata): 57000 + +Or more with catch-up contributions, family HSA, personal defined benefit plan, or a 457b/409a. + +Which means you can contribute $123,550+ per year to tax-advantaged accounts, because America. + +&#x200B; + +Edit: Forgot info on personal defined benefit plans, added. +&#x200B; + +[Buy high, sell low!!](https://preview.redd.it/clzgzwcb3cz71.png?width=214&format=png&auto=webp&s=9fcb191aa75ddb6e1cae0205a2562a10072ec74b) + +1. Yes I know that if I had timed everything correctly I could've made more money +2. Yes I am also very aware that I have consistently bought high and sold low. This is how much I bought and sold my shares for every time (the 50 to 40 is a bit painful). Total extra cost 2400$, so with the original buy-in of 3600, it's as if my cost basis started at 60$ per share. + +**strategy**: Just wheel ATM (or nearly ATM) weeklies to see if it makes more than trying to estimate where the price will be in the future. Which I feel worked out pretty well. The premiums covered the losses I made with my trades. + +Overall, I made a total of 6148$ off of premiums (including fees) + +Here are all my trades: + +https://preview.redd.it/jxsuydrp2cz71.png?width=854&format=png&auto=webp&s=7771647cce3f5dd141851f166d021ea18095bf6e +I got pulled into the hype back in June and went all in with 800 shares @ $50. Haven't bought any since but I've been selling weekly covered calls since November. + +Last week when it was still floating at $15-16, which it has been for months, I sold weekly covered calls for 18$. Well stock blows up to 20$. Ok, so I roll them to May for $22 thinking such a rapid spike will lead to a pull back on monday (today), right? And now I'm looking at a f'n 50% spike in 1 day!?!? Closes at $29.40?!!? Now my CCs are 8-10x what I sold them for. If I was going to break even or profit, I'd let them get called away no problem. But not when my average is $50. + +As far as I can tell, I'm left with a few options: + +1. Let it ride out and expire or get called away. I could get lucky and see it drop back to 20 and then could buy back my CCs. +2. Roll it out 1-2 YEARS at $50 strike, then I would be breaking even, and wouldn't care if they get called away, even if stock would be at $5000 + +Any thoughts? I would buy them back now, but I don't have that kinda cash laying around. I might just try to buy back 1-2 contracts and let the rest get called away. + +Edit: Guys guys guys... I know I made a dumbass mistake messing around with meme stocks. I'm not asking you if I made a mistake. I'm asking how I can lose THE LEAST $ in this situation? + +&#x200B; + +April 7th update: Well amc dropped to under $19 today. My calls went %20 GREEN today. I'm in shock that just 5 trading days ago, my calls read -1400% loss. Now it's +20% profit... I bought half my calls back, and rolled half to a strike I don't mind selling at. I wonder if anyone sold $20 covered calls while it was at $30. they would have profited like 1500%.... +> The U.S. Air Force announced on Monday an additional deficiency in the KC-46 Pegasus aerial fuel system built by Boeing (BA.N), classifying it at the Category I level, meaning it is a major technical issue that may endanger the aircrew and aircraft. + +> Boeing is contractually obligated to remedy the deficiency at no additional cost to the government, the Air Force said in a statement. +Some of you might recognize me from my previous posts shlopping hot moist wisdom into your head. + +[New traps](https://www.reddit.com/r/ASX_Bets/comments/kuzvjs/newb_traps/) + + [Newb traps 2](https://www.reddit.com/r/ASX_Bets/comments/kyve7b/newb_traps_revisited_dont_trust_internet_randos/) + +They were well received and i thought I would do another one. With the influx of new users we have had lately (yay 32000) i have noticed some of you autists are swinging to the window licking stupid end of the spectrum in your quest for quick money. + +If you want to be a day trader I reccomend checking this dude out: [Ol' mate john](https://www.youtube.com/watch?v=1h8YeFOEwjg&t=72s) +if your attention span can't last the full 5 minutes i'll give you a brief run down. over 90% of day traders lose money. I will say it again for those of you at the back: OVER 90% OF DAY TRADERS LOSE MONEY. So how do you make a quick buck? You either get fucking lucky or you DONT FUCKING DAY TRADE. I cannot express this in a more concise way. + +DONT DAY TRADE. + +It is really easy to lose money and the people who are taking your money are for the most part not day traders. They are institutions and banks and rich fuckwits. Anyway, how do you make money then? + +You research. You hold. You wait. You wait a bit longer. You fucking WAIT EVEN LONGER. Then one day the news you were hoping for comes out, or FOMO builds and your stock starts to go up. Here is a post i made [7 long months ago](https://www.reddit.com/r/ASX_Bets/comments/heyc1p/bph_and_buy_fomo_is_hitting_hard/). + +I know some of you can't remember back that far and to be honest even the beginning of this week is a bit hazy to me but sometimes you just have to wait. + +The reason you research as well is because if you are holding a shit stock for a long time that is not called patience or wise investing, that is called Bagholding. + +What is the difference between a baghold and a wise investment? Fucking nothing until it rockets. BPH was a long shot gamble and it paid off this once. If it failed I would have lost my money. I did not know it was going to go to 20c. I did not know it was going to go to 10c. If i did i would have put a kidney on it. But i had a strong suspicion it would rocket on FOMO and a bunch of other stuff eventually so i put as much money as i was prepared to lose on it. + +TL:DR + +Do your research, have patience in good stocks, dont buy bad stocks, dont take advice from internet randos,dont day trade, watch out for your cat it is a Warren Buffet spy bot. +This is one of the funds I created for one of my kids. I found mostly aristocrats that paid at different times of the quarter to set them up to pay a div every week. I added my favorite income funds to help fund it even more. Just sharing it, no need to rate it or hate it. + +Stocks: KO,KMB,CAH,CSCO,JPM,SYY,CPB,PG,HRL,AAPL,CAT,C,AFL,JNJ,IBM,MSFT,SWK,TROW, BST, JEPI, SCHD, UTG + +FREE tickers mean to buy with whatever funds are leftover and that ticker is down at the time of purchase. + +The top part is when that company usually pays the div, not the ex-date. The right side is my next goal for each stock to hit the daily pay, just to keep it even. + +Edit: link to googlesheet + +[https://docs.google.com/spreadsheets/d/1QvlYXoJfz1kXzixP85gH87r00FKci72d2wDCi9OecwA/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1QvlYXoJfz1kXzixP85gH87r00FKci72d2wDCi9OecwA/edit?usp=sharing) + +https://preview.redd.it/fn7djusi2g491.png?width=1685&format=png&auto=webp&s=713ac5c825653cd810789857563b93848baafc80 +This is one of the funds I created for one of my kids. I found mostly aristocrats that paid at different times of the quarter to set them up to pay a div every week. I added my favorite income funds to help fund it even more. Just sharing it, no need to rate it or hate it. + +Stocks: KO,KMB,CAH,CSCO,JPM,SYY,CPB,PG,HRL,AAPL,CAT,C,AFL,JNJ,IBM,MSFT,SWK,TROW, BST, JEPI, SCHD, UTG + +FREE tickers mean to buy with whatever funds are leftover and that ticker is down at the time of purchase. + +The top part is when that company usually pays the div, not the ex-date. The right side is my next goal for each stock to hit the daily pay, just to keep it even. + +Edit: link to googlesheet + +[https://docs.google.com/spreadsheets/d/1QvlYXoJfz1kXzixP85gH87r00FKci72d2wDCi9OecwA/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1QvlYXoJfz1kXzixP85gH87r00FKci72d2wDCi9OecwA/edit?usp=sharing) + +https://preview.redd.it/fn7djusi2g491.png?width=1685&format=png&auto=webp&s=713ac5c825653cd810789857563b93848baafc80 +Hi all, + +My beloved uncle passed away earlier this week and it transpires that I have been left his house in the will. + +The house is my happy place, 2 bedroom cottage, in the middle of no where in the Peak District with a beautiful garden and acres of land. + +Part of the will stipulates that it can’t be sold and must be kept in the family, which I am happy to do as I want to live there later in life. + +For context I am 32, married with a 1yo and a 3yo. My job means I can move anywhere but my wife not so much and the property is around 60 miles from where we currently live. + +Question is, we will not live in that house until much later in life, so, what do I do with it until then? + +We have a collective income of 70k, 80 with my bonuses + +Short term debt of around 10k in loans and credit cards used for our wedding which is being managed efficiently. + +1 car on pcp with around 18k and 4 years on that (not long ago taken out the contract) + +mortgage of 209k on our 3bed new build + +Total out goings per month approx 2500 incl nursery fees. +This sub has turned into a place for people who obviously don't have any financial problems bragging about how they paid off their loans in 1 fourth off the time or paid off 50000 dollars in credit card debt in 2 years etc. While im very happy for you guys, you wouldn't know poverty if it bit you on the ass. +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +I’m going to be inheriting around 200k in the next 5 years. I am a 22 year old Female, both of my parents are deceased - so I really don’t know much about financial planning, money, etc. just wanted some advice on how to handle this. I have $0 in my bank account right now and live paycheck to paycheck so this will be huge compared to the way I’m living currently. Thanks I’m advance guys. +So if you're like me, you're short PLTR puts because you don't hate money. However, you're probably noticing those puts, despite being many dollars OTM as PLTR rockets higher, probably aren't losing much value. What gives? Vega my friends, vega. This applies to every trade on every underlying but PLTR is a good example because of how it's behaving right now. Let's discuss. + +**What is Vega?** + +In case you didn't know, vega is one of the first order greeks. It's an estimation of the change in an options price with respect to the change in implied volatility of the underlying. This makes vega a bit weird because it's "forward-looking". We don't know prices based on IV, we know IV based on price action. WEIRD. + +**Why do I care?** + +When you sell options to collect a net credit, your position becomes positive theta and negative vega. Delta is totally independent of this fact, you could be short delta, long delta, or delta neutral. Gamma is negative if you've sold but anyway. Here's the point: **All of the greeks affect the price of your position**. Not just theta. I see a lot of posts here talking about "thank you theta" and the screenshot made like 50% in an hour. That's not theta-related gains, that's usually delta and vega. + +If you sell an option and implied volatility goes up afterwards, that option, like all options, is more expensive (technically IV is higher because of supply and demand changing first but ugh). So you are now in the red on the position. Generally big moves in the underlying cause IV to go up pretty rapidly. Typically, but not always, these big moves happen to the downside. Slow and steady moves up, big drops down. This is why some of us, myself included, like to run our portfolio a little short delta, to help counteract some of that volatility expansion if the market crashes. Here's where PLTR comes in. PLTR has big moves TO THE UPSIDE. Today, for instance, it's up over 10%, which if memory serves is the 1,000,000th day in a row of doing that. (/s). So, if you're short puts, that monster dollar move may not have actally made you much money. Because PLTR's IV Rank did THIS today: + +&#x200B; + +https://preview.redd.it/ab05z0caqs161.png?width=1653&format=png&auto=webp&s=31cafc4118d997c1ec9727f9bd9d413e836a1ef1 + +**TL;DR:** there are more things than just theta controlling whether you make money, in fact theta is usually the last one to have an effect. Vega is a big player especially on very popular underlyings that are making huge moves. Sell high volatility, buy low volatility. Vegagang unite. +I do sympathise with US politics when it considers TikTok to be a potential threat to national security which should therefore be regulated. After all, it's known how social media can be used to spread fake news and meddle with elections. + +However, how is TikToks's business modell in the US different from US tech firms' business model in Europe (and, indeed, in the US itself)? + +It is stated that TikTok has the potential to become a threat to national security. However, US social media have already proven that they are a threat by not being able to control the spread of fake news and by meddling with elections, both in Europe (Brexit comes to mind) and in the US itself. For a lot of reasons, social medias' influence in Europe (and basically in the US itself) could be considered negative and threatening. + +Unless there's something that I can't see, I'd say that a double standard is being applied. + +US corporations have US politics in their pockets and they use their influence to push their own agenda which doesn't have the American people's best interest in mind. + +Democracy is dead since the 70's when fiat currencies moved off the gold standard. +The company expects to reduce its headcount by another 11,000, including 7,000 layoffs, on top of almost 20,000 already announced and end next year with around 130,000 employees, about 40% less than when it merged with McDonnell Douglas in 1997. + +The collapse in airline traffic and reduced aircraft production have already cost the U.S. aviation industry around 100,000 jobs so far this year and another 220,000 are at risk, according to the Aerospace Industries Association, a trade group. + +[https://www.wsj.com/articles/pandemic-drives-more-boeing-job-cuts-11603887197?mod=latest\_headlines](https://www.wsj.com/articles/pandemic-drives-more-boeing-job-cuts-11603887197?mod=latest_headlines) +I see so many P/E numbers thrown around but I have yet to see a respected source with updated Q2 earnings and a revised P/E. + +For example https://www.multpl.com/shiller-pe shows only the latest earnings as of March 2022, with a real EPS at 203.88. They should be higher now as of Q2. Anyone have actual revised information? +Hey guys, this weekend I spent a ton of time reading about CLF and the steelmaking process and watching a lot of videos on youtube. + + Below is my vision based on company presentations, previous earning calls, 10Ks, 10Qs, and so on. + +&nbsp; + +**Recent History of $CLF** + + Up until 2018, CLF was an iron-ore miner and producer in the form of pellets that it then sold to integrated steelmakers such as ArcelorMittalUSA and AK Steel. In fact, AMU and AKS, alongside Algoma (Canadian Steelmaker), made up 95% of the total revenue of CLF. + +Iron Ore is just the raw material used in the steel-making process, mainly in Blast Furnaces and BOS (Basic Oxygenation Steelmaking). The alternative to the high capital intensive BF/BOS is the Electric Arc Furnace process (EAF). This uses mainly scrap metal and other iron feed, such as HBI/Pig Iron/DRI. These furnaces require less capital upfront to run and have more variable costs attached to them (more to this later, variable ≠ low cost). + +In 2019 CLF acquired AK Steel and in 2020 they acquired ArcelorMittal, thus fully converting themselves into a vertically integrated steel producer. + +These acquisitions position CLF as the largest flat steel producer in the US, ahead of Nucor and US Steel. +Annual production is roughly 17 million tons. + +&nbsp; + +**CLF in 2021** + + With these recent acquisitions, CLF positions itself as a key and major player in the US Steel Industry. +The steel product mix breakdown is 28% hot-rolled steel (HRC), 18% cold-rolled, 33% coated, and 21% in others. + +The customer base is 33% auto manufacturers, 25% infrastructure and manufacturing, 32% distributors & converters, and 11% others. + +CLF iron ore pellets will be mainly used for intracompany operations so the steel-making operations will not be impacted by the volatility of these prices. + +CLF is on a great foot to achieve a record year in 2021 with a $5b projected EBITDA, almost twice as the last 5 years combined. + +&nbsp; + +**Strategic Vision and Advantages** + + **I)** The auto industry is a key player and customer for CLF. During late 2020 and 2021 automakers haven’t been able to keep up with demand in new cars and their inventories have fallen to ~20 days, roughly half of what it was a year ago. + +So there’s a lot of backlog demand in automakers, and thus a firm demand for CLF steel products. +The steel used in automaking is mainly AHSS (advanced high-strength steel) which CLF produces and is a high value-added item along with coated still (galvanized, galvalume, etc) + + **II)** During 2021 we have seen an unprecedented rise in steel prices. HRC prices are above $1,600 and started the year at around $1,000. Although CLF has fixed-price contracts with some customers, some naturally are expiring during the year and renovated at higher prices. + +2021 Q1 EBITDA was $0.5 and projected Q2 is $1.4b. Full-year projections are $5b, which are totally feasible given the rise in steel prices and backlog for auto production. + +Cashflow after CAPEX generated in Q1 was $0.3b (excluding increases in working capital). If cash flow generated during the rest of the year follows the EBITDA trend we can estimate it’s going to be in the $2.5-$3.0b range. +As the CEO has commented before, this cash would be used primarily to pay the debt accumulated by the company ($5.7b in Q1) that has an average weighted cost of 5,44% per year ($0.3b in annual interest). + + **III)** During the last 20 years US Steel production has migrated from BOS to EAF production. EAF mainly uses scrap metal as feed and depends on its quality and prices for steel production. Its advantages are that the initial capital costs are a fraction (less than 1/3) of what a BOS facility costs. + +As quality scrap becomes scarcer, EAF will need to supplement their feed with other iron products such as HBI. +In 2021 an HBI plant started production in the Great Lakes area producing around 2 million tons per year in order to feed CLF’s own EAFs and also third parties. + +As we stated previously, EAFs enjoy low capital costs and are driven mainly by their variable costs of energy + scrap metal. But scrap metal prices and volatile. + +CLF mainly has BOS operations that benefit from their integrated pellet iron ore production, but also are investing in strategic HBI production so they can sell to this market as well. + + **IV)** US-made steel has the lowest carbon footprint of any steel-making country in the world. It produces almost half the emissions in countries such as Germany and Japan. China is the biggest pollutant country in this respect. +As such, US steel is very well positioned to embrace the climate change challenges and promote itself as green steel. +Also, CLF is trying to migrate to more natural gas use instead of coke (coal-based fuel) for its blast furnace operations. + +&nbsp; + +**Risks** + The main risks are the pricing of steel products as revenue is sensitive to them, and also demand, mainly by the auto industry. I believe the demand risk is low because auto-making in the US has been diminishing for some years but it’s not going to zero. Also, we’re seeing an increase in EV automakers manufacturing in the US, so that could be a plus. + + Climate and environmental regulations are also a risk, but I believe that US steel and CLF are very well positioned to take them on. + + Competition from other countries is a risk. + +Raises in interest rates are also a risk because this is a capital-intensive business. According to the FED, there’ll be some hikes in 2023-2024 but they appear to be moderate and if CFL takes steps to pay part of their debt, this risk will be minor. + +&nbsp; + + **Valuation** + +I'm not a big fan of DCF valuations, so I just do them to get a ballpark price or the assumptions that need to be met to achieve a certain share price. + + Assuming this year will be an extraordinary one with $2b in FCF, I’ll assume a range of between $0.5b and $1b as FCF for years to come (post interest expenses). This assumes a yearly CAPEX of $0.5b as well. The EBITDA pre acquisitions were around ~$350 million on average so $0.5b seems like a really low bound. + According to several sites, the WACC seems to be in the 9% to 12% range, so I’m going to use the upper bound for a margin of safety. +Using a 2% perpetual growth rate (akin to GNP growth) I get a value between ~$23 and ~$45. + +&nbsp; + +Appreciate your thoughts and insight. + +&nbsp; + + Current positions = 200 Shares, 4 15/10 $30 calls. +Why do people focus on dividend stocks? Don't they know that dividends are paid by the company's free cash flow? If they want money while owning stocks, they can sell covered calls against their stocks for monthly income. +As Jim Crammer likes to say and I am not talking about GME. I am constantly looking to buy, but if the market is a little pricey and nothing catches my eye, I'll hold some cash and wait. At the open today I was buying. Not big, but adding to my positions 5 to 10 shares of stocks like JNJ, PG, ABBV, JPM. I created new positions on EMR and FAST. And added to SCHD and SCHB. Still not all in, but it is a bargain compared to yesterday. Why EMR, it pays a small but ok yield but dividend growth has slowed to 1%? I bought it as it is a classic. It is mentioned in most books I read. Intelligent Investor, Single Best Investment, and so on. I planned to follow it, but with fall this morning I figured why not. Other things I did was sell way OTM Puts on DIA and IWM expiring Friday. + +Are you or did you buy today? The market could keep tanking, but as it does, I'll keep buying. +Hi, do you know of an economic event that isnt explainable by macroeconomic theories, and actually goes against what's taught in econ textbooks, e.g. When the interest rate was increased in a particular year, the expansion of money didnt stop as a result, etc +Tiki is the biggest auto-redistribution Token around , thanks to the current dip , it's down to 24m cap , from 42m ATH , so it's a great opportunity now ! + + +Nobody else cracked the auto-claiming. Every 60 minutes, you get paid in BNB 🔄 + +Listed on Coingecko, cmc is next. + +The bigger the bag, the bigger the redistribution. + + +Auto BNB redistribution every 60 minutes. The bigger the bag, the bigger the redistribution. + +* 10% BNB Redistribution fully automated +* 5% LP pool +* 0.1% max supply per transaction +* 3% sell fee + + +PREMIUM Audit is done by HASHEX + +Reaching a new ATH every day. + +They’re working on a new anti-dip / buy back system that should be live this week. + +They’re also doing deals with big influencers + AMA on a 75k+ members crypto community tomorrow + +Contract: 0x9b76D1B12Ff738c113200EB043350022EBf12Ff0 + +Website : [https://www.tikitoken.finance/](https://www.tikitoken.finance/) + +Audit - Hashex [https://github.com/HashEx/public\_audits/blob/master/TIKI/TIKI%20report.pdf](https://github.com/HashEx/public_audits/blob/master/TIKI/TIKI%20report.pdf) + +Whitepaper and tokenomics- [https://www.notion.so/TIKI-Whitepaper-ae4b1469a64341fbbf07eceb6563bb16](https://www.notion.so/TIKI-Whitepaper-ae4b1469a64341fbbf07eceb6563bb16) + +Website : [https://www.tikitoken.finance/](https://www.tikitoken.finance/) + +Twitter : [https://twitter.com/realtikitoken](https://twitter.com/realtikitoken) + +Discord : [https://discord.gg/pU2qj7Ja8h](https://discord.gg/pU2qj7Ja8h) +# We're NOT leaving. + +Do you think a couple of eventful days can scare us? +Do you think we are gonna give up just because we dipped hard a couple of times? + +The community is working its ass off helping the devs spreading the news about this gem. Best time to buy is now! + +&#x200B; + +# TODAY IS THE DAY + +**The team is going to be revealed for full transparency, plus HUGE TikToker collaboration will hit.** + +LunarHighway WAS LAUNCHED LESS THAN 6 DAYS AGO AND IS SITTING AT A MEASLY $%00k MARKET CAP WITH AN ATH OF $3M AS WELL AS 3800+ HOLDERS. DO NOT MISS THIS ROCKETSHIP, THIS IS THE NEXT MOONSHOT OF THE WEEK! + +&#x200B; + +&#x200B; + +Have you missed out on Bonfire? Moonpirate? SafeGalaxy? All the basic deflationary moonshots? + +Luckily for you, LunarHighway has just launched with **killer** tokenomics and a **rug-proof** contract. + +We are planning to make LunarHighway completely community owned which is achieved by not owning developer tokens, and renouncing ownership right after launch. + +Starting liquidity is only 1 BNB to avoid huge buys at the beginning. + +$LunarHighway has been **stealth** launched, not only anti-whale but there won't be any unfair presales either. + +LP Tokens are burned forever to the dead wallet. + +🔥 LP Tokens Locked: [https://unicrypt.network/amm/pancake/pair/0x8FF5500de3b934725Aff79c311A940eee823ba9b](https://unicrypt.network/amm/pancake/pair/0x8FF5500de3b934725Aff79c311A940eee823ba9b) + +&#x200B; + +# Tokenomics of LunarHighway + +✔️ 1 Quadrillion supply in total + +✔️ 10% fee on each transaction ➡️ 5% gets fairly redistributed to all $LunarHighway holders, 5% goes to the LunarHighway/BNB liquidity pool to help establish a stable price. + +&#x200B; + +# Is LunarHighway Safe? + +Locked LP makes sure that no one can ever steal your money! + +&#x200B; + +# Roadmap for the future + +* Coin listings (Coingecko, Blockfolio, Coinmarketcap) +* Marketing campaign (Tiktok, Twitter, Youtube) +* Small exchange listings (BitMart, Whitebit) +* Audit passed + +&#x200B; + +# LunarHighway Links + +🌎 Website [https://lunarhighway.net](https://lunarhighway.net/) + +🥞 Buy on PancakeSwap [https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x4e8a9d0bf525d78fd9e0c88710099f227f6924cf](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x4e8a9d0bf525d78fd9e0c88710099f227f6924cf) + +📱 Telegram Community [https://t.me/LunarHighway](https://t.me/LunarHighway) + +📝 Contract [https://bscscan.com/address/0x4e8a9d0bf525d78fd9e0c88710099f227f6924cf#code](https://bscscan.com/address/0x4e8a9d0bf525d78fd9e0c88710099f227f6924cf#code) + +💩 Chart [http://poocoin.app/tokens/0x4e8a9d0bf525d78fd9e0c88710099f227f6924cf](http://poocoin.app/tokens/0x4e8a9d0bf525d78fd9e0c88710099f227f6924cf) +# We're NOT leaving. + +Do you think a couple of eventful days can scare us? +Do you think we are gonna give up just because we dipped hard a couple of times? + +The community is working its ass off helping the devs spreading the news about this gem. Best time to buy is now! + +&#x200B; + +# TODAY IS THE DAY + +**The team is going to be revealed for full transparency, plus HUGE TikToker collaboration will hit.** + +LunarHighway WAS LAUNCHED LESS THAN 6 DAYS AGO AND IS SITTING AT A MEASLY $%00k MARKET CAP WITH AN ATH OF $3M AS WELL AS 3800+ HOLDERS. DO NOT MISS THIS ROCKETSHIP, THIS IS THE NEXT MOONSHOT OF THE WEEK! + +&#x200B; + +&#x200B; + +Have you missed out on Bonfire? Moonpirate? SafeGalaxy? All the basic deflationary moonshots? + +Luckily for you, LunarHighway has just launched with **killer** tokenomics and a **rug-proof** contract. + +We are planning to make LunarHighway completely community owned which is achieved by not owning developer tokens, and renouncing ownership right after launch. + +Starting liquidity is only 1 BNB to avoid huge buys at the beginning. + +$LunarHighway has been **stealth** launched, not only anti-whale but there won't be any unfair presales either. + +LP Tokens are burned forever to the dead wallet. + +🔥 LP Tokens Locked: [https://unicrypt.network/amm/pancake/pair/0x8FF5500de3b934725Aff79c311A940eee823ba9b](https://unicrypt.network/amm/pancake/pair/0x8FF5500de3b934725Aff79c311A940eee823ba9b) + +&#x200B; + +# Tokenomics of LunarHighway + +✔️ 1 Quadrillion supply in total + +✔️ 10% fee on each transaction ➡️ 5% gets fairly redistributed to all $LunarHighway holders, 5% goes to the LunarHighway/BNB liquidity pool to help establish a stable price. + +&#x200B; + +# Is LunarHighway Safe? + +Locked LP makes sure that no one can ever steal your money! + +&#x200B; + +# Roadmap for the future + +* Coin listings (Coingecko, Blockfolio, Coinmarketcap) +* Marketing campaign (Tiktok, Twitter, Youtube) +* Small exchange listings (BitMart, Whitebit) +* Audit passed + +&#x200B; + +# LunarHighway Links + +🌎 Website [https://lunarhighway.net](https://lunarhighway.net/) + +🥞 Buy on PancakeSwap [https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x4e8a9d0bf525d78fd9e0c88710099f227f6924cf](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x4e8a9d0bf525d78fd9e0c88710099f227f6924cf) + +📱 Telegram Community [https://t.me/LunarHighway](https://t.me/LunarHighway) + +📝 Contract [https://bscscan.com/address/0x4e8a9d0bf525d78fd9e0c88710099f227f6924cf#code](https://bscscan.com/address/0x4e8a9d0bf525d78fd9e0c88710099f227f6924cf#code) + +💩 Chart [http://poocoin.app/tokens/0x4e8a9d0bf525d78fd9e0c88710099f227f6924cf](http://poocoin.app/tokens/0x4e8a9d0bf525d78fd9e0c88710099f227f6924cf) +I'm reading reports of an impending auto loan crisis that some sources say could rival the subprime mortgage crisis. How big of a problem do you think this is? + +Here are some sources: + +https://www.wsj.com/articles/auto-lending-binge-threatens-to-unwind-when-stimulus-measures-ease-11596798003 + +https://www.brookings.edu/blog/the-avenue/2020/05/11/costly-car-loans-may-stall-the-covid-19-economic-recovery/ + +https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3737513 + +https://www.fool.com/investing/2020/04/07/auto-loan-market-meltdown-stocks-get-burned.aspx + +https://www.debt.com/news/next-recession-prediction-auto-loan-bubble/ +It is my understanding that the main reason for social security was to create a fail safe during recessions so that there are a group of individuals that will still have money to spend during a recession. This acts as a last defense so there is still some buying power in the economy. + +My job allowed me to see all the ways the one time payments and $600 a week boosted the economy that would have otherwise stalled. It was working exactly as needed right up until inventory ran out. I didn't see inflation/prices start to rise until inventory shortages caused by the pandemic messed with supply and demand which brings me to my question. + +Could having a policy/law tied to the yield curve that triggers a vote in Congress to implement temporary federal unemployment/one time payments act as a recession safeguard similar to how SS acts as a depression safeguard? +I'm sick and tired of the constant crime and manipulation in the market so the billionaire boys club can keep their money printer going. I'm sick and tired of the elite using and abusing people that work hard everyday. I'm sick and tired of being treated like a piece of shit that only exists to serve them. We have the right to be hyped and the right to be frustrated. We need to allow people to vent frustration and joy equally or this sub will become an echo chamber and run people out. + +First, the normal disclaimer, I'm not a shill, I'm 100% in GME and liquidated everything I have to go all in and have been for well over a year now. I believe in the squeeze and the numbers are there. I'm incredibly frustrated with the silence and lack of action from gme to protect their investors. Don't get me wrong, I believe they will and I believe this post will not age well but it's off the backs of apes gme made this incredible resurgence and able to move forward in the capacity they have been. They have raised over a billion dollars from apes around the world at a $225 cost basis, that's from teachers, nurses, police, fireman, businessman, drivers (most importantly Only Fans actresses)...all of us, mothers, fathers, brothers, and sisters the normal everyday hard working individuals of the world. GME "changing the game and making a marketplace" is old news now, every company is doing this and they have already announced it. GME's lack of transparency in this regard has screwed investors over, thus far. This company is ours and owes us the protection and development we deserve. + +As a community we have upvoted and encouraged horrible personal financial decisions. We upvote living out of cars and tents in order to continue holding gme. We upvote taking out loans and selling homes. But then when people want action and the company to take responsibility for the exact people providing the money for their transformation, we call them shills and berate them saying this is a long term investment for the companies turnaround. How long should these people be homeless or accumulate debt they can't get out of? We are here for MOASS, let's call it how it is. Long term, I will always hold gme, however, today I'm here for MOASS. + +RC and Co clearly visit these forums and see what we apes are doing. If they believe that their shareholders living out of a tent or car to continue funding their company but do nothing is ethical, what makes them different than any other billionaire using us for their own gains? When do we say enough is enough and need to see action? I can be as patient as anyone, many years teaching in special education, but at some point patience only goes on for so long before you get tired, frustrated, and worn down. You start to lose faith in all humanity and any hope for good in this world. + +Maybe it's the dip, maybe it's the constant hype dates and getting let down, maybe it's the hints from gamestop themselves but never actually announcing anything with substance but I'm just ready for something from them. Anything, just something at this point, I'm starting to feel used like a piece of popcorn. I will hold gme forever if I have to but our company needs to do something for us and the average person, not all of us have all the time in the world with billions of dollars to fall back on. + +End rant + +Oh and side note I already know what will be coming from some.... + +He is a shill-don't even bother not going to acknowledge it + +Early weekend FUD - insert stock response here + +Then sell - if you really feel this way, buy my shares at my cost basis or leave me alone + +Matt Furlong is just as upset and one of us- he is not, unless you are making 2.5 million a year, he is not. His sign on bonus over 2 years is 4.7 million, this misinformation needs to stop in my opinion + +Edit: a question regarding a solution, since some want it from me: Issue an nft dividend to all shareholders to give a thank you to apes pre market place. They get first "dibs" on the new gme marketplace. + +I already know the counter to this. They don't want to get into a legal battle with SHF's. This exact sentiment, they don't want to get into a legal battle, is why I'm frustrated. You wouldn't fight for your investors? That's what it is, if you make this move, fighting for retail and your company + +Edit: thanks to everyone for the support. It appears I am not alone with this sentiment. I will apologize for not communicating clearly and want to clear something up, when I say I liquidated everything, I meant all positions I have and all retirement accounts are in gme. I made one stupid move with a loan, outside of that I didn't touch my home or money for food. I am a father and husband first, nothing will ever get in the way of that. I was poor all of my life, I will not allow my kids to see that type of poverty, ever. No one ever should. + +If you came here to spew hate or call me a shill....I actually appreciat the posts, if it added value and an opposing opinion. As this post stated, I do not appreciate echo chambers or everyone thinking a like. I enjoyed reading the counter opinions and can appreciate that. The reason I lurked every hour in this sub way before I joined reddit was for the OG DD writers, people questioning them without being run out, and making sure it was right. + +Also, thanks for all the upvotes, comments, and awards from everyone. Tried responding throughout the day as I could but work just kept getting in my way!! + +Edit: After all these insider buys, I ate my words and hard. Won't lie, I love every second of being wrong here and what the insiders are doing and buying up this dip! +I’m a physician, but am an intern and make ~$55k. I spend $1600 in rent at the moment, but I have no debt and am still able to save 15% in my Roth IRA and Roth 403(b), no match though☹️. + +I kinda feel guilty about spending so much money in rent, but I live 4 blocks from the hospital, which will be super nice in the winter when it snows. + +Right now, I justify my rent in my head because I’m still able to save 15% for retirement, save up for vacations, go out to eat, etc. But the main reason I justify is it because I know I’ll have a large income increase in 4 years and would be able to save as much money in 4 months as I can in 4 years right now. And if I had cheaper rent, I would just put that extra money into my 403(b). + +Anyway. Should I move to the apartment across the street which is much older and would probably cost $500 less in rent, move to the suburbs and have a long commute for cheaper rent, or keep my apartment? +Our child is going a private four year east coast college. We are FAT but trying not to spoil him. All of our trusts are confidential and completely discretionary. He went to a private high school and but does have a summer job. I want him to enjoy school and studying. What is a reasonable allowance per month for him? 529 will cover most of her other costs (housing, travel, books, etc). + +I don’t want him to be the spoiled trust fund kid that I hated in college. + +Any insight and thoughts are appreciated. 🙏🙏🙏 +I remember after 2008 unemployment was rampant, you couldn't even find a job at McDonalds. My country was full of NEETS from 2008 to 2018, now there are still NEETs but there are many job offers. Will the job market collapse in the end? Or the fact that there are still job available prove we are not ina recession? +I'm buying a cheap foreclosed home from out of state. Already under contract, closing soon. I flew out there to do a quick walkthrough of the home before closing, and the realtor the bank is using refused to allow me to enter the house at all. Claimed liability issues despite the home not being condemned or anything like that. + +Is that normal or a red flag? While the contract waived inspection, this isn't a formal inspection. It's just making sure nothing's changed inside over the last month. + +UPDATE: Thanks, everyone, for all the advice and info. I backed out and my earnest money is being returned. +I'm in my 50's and expect to reach my FIRE date in the next year or so. I love to travel and look forward to having more fun in my life after a long dreary public-sector career. The problem is that most people never reach independence and are slaves to their jobs, debts, and other commitments. Because of that asking a friend or even family to take an open-end trip somewhere or do much of anything I might enjoy is out of the question. How do people connect with other financially independent people who are looking to enjoy what they've achieved? +Could a parent in a VHCOL city give me insight into what the private school application/acceptance process was like? I'm giving birth this fall and am already thinking about private pre-K in the ultra-competitive Manhattan landscape. Even the private schools in Brooklyn seem exceedingly difficult to get into. + + +What do top private schools actually look for? What are they assessing about you and your family? If there's a ratio of what's important, is it what you do for a living, where you volunteer, how well your child does in their behavioral assessment, who writes recommendation letters, etc? Is it worth hiring one of those school counselors to help with your application? I am hoping this is actually less complicated and competitive than I am thinking, though perhaps it's just the opposite. + + +Any advice appreciated. +Like the title says - come January Im very likely unemployed. If I put my nose down and save I figure I can get about 20k put away just under the wire. + +I have 1 dog and 1 cat who both need specialty food for health reasons, no other dependants and my vehicle is paid off. + +It would involve me selling most of my possessions and driving across Canada to get back home after employment ends so I figure itll be about a thousand or so tied up with the move. + +Any advice or tips on how to properly utilize the remaining savings to set me up for whatever is next? + +Edit to add some context: not getting fired, pressuring management to get me a different job in the company with the knowledge that if they dont Im leaving. + +My bills are as such: + +Car insurance $70 monthly +Cell phone $110 monthly +Pet food/medication $200 monthly + +In about a week Im debt free. + +The tl;dr of it is i live in very small, very isolated community and my mental health is suffering because of it. My life has been wilting in every arena except my job. As much as I love it I cant continue to ignore the building issues so Im telling my manager I need to see positive movement on a new position closer to home by January or its tail lights. I know ultimatums arent the best option but thats what its unfortunately come to. + +Edit to add: been travelling since last night into today, been reading all the comments and everyone saying to apply now is right. Ill get on it asap, everyone. Thanks for all the meaningful input! +I won't belabor this, but I ran a fresh Google Consumer Survey question to understand where GameStop U.S. ownership was at currently. I adjusted the buckets upward from the previous surveying to reflect the fact that most $GME hodlers have only been adding to their position in the past 12+ months. Even with this change aside, results are exactly as I expected ... the number of shares held by U.S. retail investors continues to grow and grow. + +In June 2021, it looked like U.S. retail investors owned about 164MM shares (very conservatively). Today, it looks like U.S. retail investors own five times as much, at 830MM shares. Bear in mind the previous survey capped ownership at 101 shares, whereas this new survey expands the cap to 301. Naturally, this plays a MAJOR role in expanding the average shares held (which has grown from 34 in June 2021 to 95 today). If anything, this just illustrates how truly conservative was the prior approach. + +If you have any questions about method and the GCS platform, check out this post with links to all previous surveying work, and links with tons of details on the who, what , where, and why: [https://www.reddit.com/r/Superstonk/comments/pulqsx/the\_all\_things\_survey\_post\_or\_anything\_modeling/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/pulqsx/the_all_things_survey_post_or_anything_modeling/?utm_source=share&utm_medium=web2x&context=3) + +Here's the link to the live survey (currently at 465/500): [https://surveys.google.com/reporting/survey?survey=zbm3mwl4rxtth4evxfkwcfwzey](https://surveys.google.com/reporting/survey?survey=zbm3mwl4rxtth4evxfkwcfwzey) + +https://preview.redd.it/904b9ircvjl81.png?width=2228&format=png&auto=webp&s=4ba8abc151c3a82993a0f1330d35ae68588d0659 + +And here's a quick breakdown of what the numbers mean when extrapolated over the wider U.S. population: + +https://preview.redd.it/8jws971bzjl81.png?width=1358&format=png&auto=webp&s=971504572440e1e42b555bc51fb99bef9369679a + +For all you new comers and naysayers, before you start laying into me on how these numbers seem impossible, consider these two facts: + +1. Just one single U.S. brokerage, Fidelity, serves 40MM individual investors: + +https://preview.redd.it/tmpsxpgm0kl81.png?width=2700&format=png&auto=webp&s=89c556429058b0155902875b245456eb2a96b97d + +2) One single broker in Sweden, Avanza, actually published the number of GameStop hodlers (21K) and number of shares held (511K). This comes out to 24.3 shares per holder. Now bear in mind that Sweden is 1/33 the size of the U.S. in population (10.2MM versus 332MM). Not only that, but Americans are more than twice as likely as Swedes to own stocks, as illustrated below. + +[https://www.reddit.com/r/Superstonk/comments/sueah3/we\_are\_all\_swedish\_today\_245m\_shares\_exist/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/sueah3/we_are_all_swedish_today_245m_shares_exist/?utm_source=share&utm_medium=web2x&context=3) + +For Swedes: + +[As of 2018, about 18&#37; of Swedes own stocks: https:\/\/www.euroclear.com\/dam\/ESw\/Brochures\/Documents\_in\_English\/The\_Shareholding\_in\_Sweden\_2018.pdf](https://preview.redd.it/puvmuwtc3kl81.png?width=1446&format=png&auto=webp&s=0bc0a82f743e8558b229893a17b1f2baa1fdb69f) + +For Americans: + +[As of 2021, about 56&#37; of U.S. adults owned stocks: https:\/\/www.fool.com\/research\/how-many-americans-own-stock\/](https://preview.redd.it/ieibiqvj3kl81.png?width=1632&format=png&auto=webp&s=5545ed20801906146bf051a9621b4a158c55a927) + +Yes, the above compares U.S. adults to all age groups in Sweden, but even correcting for this, that leaves about 25% of Swedish adults owning stock, compared to 56% of their American counterparts. + +In other words, about 120MM American adults own stock ... so is it a stretch to think that \~9MM of these might own at least some GameStop shares? + +We'll get an even better picture of the situation when GameStop once again (hopefully) shares DRS numbers in their Q4 10-Q, but I think it's pretty clear ... Hedgies R Fuk. + +Buckle up!!! + +.................... + +EDIT #1: So the survey has since completed (502/500), so here are the final tallies (as you can see, not much changes with the extra 37 samples): + +https://preview.redd.it/5177vgnn0ol81.png?width=1360&format=png&auto=webp&s=2d3d1ff2404d4bddfd07b580a091f4cd33df5065 + +In addition to this, there were several comments about using the lower-bound on the share buckets as opposed to the mid-range of the bucket. This is fine as it keeps in the spirit of taking an even more conservative approach. Here's what that looks like: + +https://preview.redd.it/h37g67gu0ol81.png?width=1360&format=png&auto=webp&s=e5781a7a301b399a8ca375c1d5503fa2bf87f08c + +I should also mention that the weakest part of this research is the average share calculation. While a sample of 500 is fine for determining the ownership % (w/ a pop. of 134MM, a confidence level of 95% and a sample of 500, we're looking at a margin of error of 4.38%), the average shares held is working off of a VERY small sample of only 51. Way too small, so take this average with a grain of salt. The counterbalance to this is we're capping at 301 shares. So this approach completely ignores any and all shares above that amount, as described in the red text above. Just something to keep in mind. But considering the Avanza Swedes have an average of 23.4 shares each, I think something in the neighborhood of 70 to 100 shares is in the realm of possibility for U.S. investors. +RMCF (Rocky Mountain Chocolate Factory). They sell chocolate and confections in their own stores, and partner with places like Coldstone Creamery. I've owned a piece of this company for maybe 7 or 8 months. It's been in the ditch, badly. For a while, it was not entirely unreasonable to be in the ditch. Retail was more or less closed indefinitely and we didn't know how COVID was going to sort itself out or what the government's of the world intended to do. But the thing is, it was (in my view) fairly priced before COVID was a thought on anybody's mind. It's got a solid track record of earnings, suitable fundamentals, and no particular reason I could see why it should be priced sub $4 a share, so I took a position. It had a kerfuffle with a flower delivery place that went bankrupt and might lose some of it's receivables due to that (2019) and perhaps some forward sales. Not great, but shit happens. That's a one time charge, not a permanent impairment. I bank on management generally being intelligent enough to move past these kinds of problems, find sales elsewhere and try to avoid a repeat in the future. + +The last few days, after being as low as $2 this last year and hovering around $3-4 range basically all year, it has jumped to $6 almost overnight. What's changed? There's nothing I know of in the news, besides Valentine's Day coming up shortly. As far as I know, that's not a surprise. It happens every year. In fact if earnings were to continue the next 10 years something like the last (mostly .50 to .75 cents range), it's fair value is probably safely closer to $8-9. At their worst year (pre-covid) the earnings easily warranted a $2 price tag in my view, as their worst year was 2020, at 17 cents. Who knows what the future will bring, but this was a deal that was available throughout all this exuberant pricing (dating back even to my estimate of fair value during the first bout of prices running up in 2019). + +For instance this is the diluted net earnings data I use for RMCF starting 2020 back ( 0.17 0.37 0.50 0.58 0.73 0.61 0.68 0.24 0.62 0.62 0.58 0.60 0.76 0.71 0.61 0.51 0.37 ). + +This is a good example of the irrationality of prices in the stock market, at work. The business cannot have been worth $4.25 a share Thursday and be worth 40% more today. Business just doesn't work that way. Did people who have never eaten chocolate before suddenly get an insatiable craving for chocolate? + +Keep your eye on the prize, shop everyday. Something somewhere is always priced wrong. Occasionally you will understand enough about the situation or it will be obvious enough to safely take advantage. ***Do your own research and make your own decisions.*** +This coin should not be in the neighborhood of verge and tron. + +Partnered with IBM and similar tech as ripple? This should at least be in the IOTA, Cardano range. Top 7 for sure. Stellar s going to bust out soon. +I constantly see people on this sub talk about selling their company and retiring at such a young age, and it got me wondering….. + +What type of businesses did you start that allowed you to FatFIRE? +I think I'm pretty much topped out at making $35k a year without a degree. Which is...adequate, I guess? I feel like wasting my years working unskilled jobs that pay "good enough" isnt actually good enough, and since I'm finally at a point where I have a decent amount of money saved I could probably pay for college as I go instead of taking out a bunch of loans. So part of me thinks it could be a good idea, part of me thinks I'm too old. +I plan on getting some rental properties once I have a down payment. I don't wanna be one of those landlords that people hate. + +What makes a good landlord? +Hi all, +40M here on the way to FatFIRE. I’ve been lurking this sub for a while and have appreciated the volume of great insights on things like selecting and outfitting a home (or two), travel advice, and tax/planning advice. All great stuff. + +One area I don’t hear frequently mentioned much is how to balance time on your career vs time with your children. I have two younger kids (9 and 7). It seems that I blink and they’re each two years older. The other day, I pointed out to the younger one that we hadn’t played with his train set in a long time. Without even looking up from his video game, he responded “yeah, you can get rid of it.” I mean, I knew he would outgrow wanting to play trains with his dad eventually, but I was heartbroken. Where did my little boy go??? + +I try and have quality time with them but as this is FatFIRE, my wife and I both have careers and work a lot. With quarantine, the kids spend a ton of hours a day just playing computer games and watching TV while the wife and I work. We’ll watch a bit of TV or play a game together in the evening. We don’t have a nanny for them, just a babysitter who takes them out a few times a week just to get a change of scenery during quarantine. + +My fear is that fifteen years from now they’ll be grown and I’ll be kicking myself that I didn’t do more with them while they were young; no amount of money is ever going to buy their childhood years back for me. + +So just wanted to ask the more experienced hands on here what they learned while raising their kids, what advice would they give to yourself if the kids were still in grade school? What did you think would matter but didn’t, and Vice versa? + +Thanks. +Longshot, but maybe someone here has dealt with this. House with gorgeous city/queens necklace view in Palisades, but is on uphill side of street. Streetlight on property border is centered in the prime view. Is it possible to pay to remove light or move it 30ft up the street onto property where it won't interfere as much with view? Ideas on strategy and costs would be amazing. Los Angeles. + Pumping DOGE is not the same as GME. Billionaire hedge funds do not have short positions, or rather any position in DOGE. Y'all just playing each other. Seems like many crypto holders dont actually understand the nuance of the GME situation. You are not beating billionares you are just circle jerking each other. Some of you will win and some will lose. Better off investing in ETH/DeFi or BTC that is meant to take the power away from the current system. Nothing against DOGE, but if you really want to stick it to the Man put your money towards something that will build a better future for the people. +I am 37 years old and have saved 100k. It just sits in my checking account doing nothing right now. + +I am completely lost on what to do next. I grew up in a poor family and have no idea how to invest or grow money from money. + +A few facts: +I have a very good job with a decent pay. Any job I get from this point on in life will pay well. +I am a part homeowner with my wife in a 100% paid off house. The house is not in the best shape, but very liveable. +I am a US citizen but have residence in EU. + +Thoughts on what to do with this cash? + +Invest in property? Invest in some financial something? Crypto? +Not trying to trigger people but I would like to learn from first Hand account of people who made real gains in the market and booked profits. + +&#x200B; + +my friend who works for a leading financial services org and is a CFA is in losses and was just about breaking even before the lockdown. + +Another guy whos been very disciplined with his SIPs for close to 10 years is down 27% but then he never really created any wealth in the MFs. + + My MBA classmate who works for Ford in the US and has Been investing sinice his School days apparently is also down and says he’s losing faith in markets and want to shift to safer avenues of investment. + +&#x200B; + +I understand we have cyclical downturns and that is inherent nature of the beast but we also know we can’t time the market then how do you get out to make something out of your $$$$$ or do you just stay invested only to go through another down. + +&#x200B; + +&#x200B; + +Honest feedback please +(WARNING: This is a long ass post. With bad writing. Read at your own risk) + +Hey FATFire Friends, + +So its almost been a year, and I thought an update may be entertaining to some. For context, here was my original long ass post from a year ago: + +[Entrepreneurial FATFire Story](https://www.reddit.com/r/fatFIRE/comments/mt14k7/an_entrepreneurial_fatfire_story/) + +So a lot has changed over the last year. Most all of it for the good. So let's get right to it. + +***Updated Data: 46yo with 4 kids in LCOL Midwest. NW of 15-25m depending on how you look at it, up from 11m a year ago.*** + +**Business Update** + +As catch up, in 2019 we decided to create a holding company with the intent to buy one business a year and build a portfolio of companies. As of a year ago, we had three companies in the portfolio, and a team of three (President, Marketing Director, and CFO) along with my wife and I. Here's an update on how things are going... + +**Business #1 - Flooring company in southwest US** + +This was our first acquisition, and has continued to be our strongest EBITDA performer. They have grown from 8.5m w 1m ebitda to 13.5m with 1.4m ebitda in 2021. Their GM continues to be a strong leader, and they are finally expanding with additional locations. They have engaged our marketing team and they could take a big leap in 2022 to close to 18m in revenue. They continue to provide a strong financial base for our company. + +**Business #2 - Flooring company in upper midwest US** + +We acquired this company in late 2020 and they had 13.5m in revenue and broke even. Fortunately they were a quick turnaround. They had a strong leadership team, and have thrived when given the autonomy to run the business the right way. They finished the year at 19.5m, about 40% above previous year. They booked 1m in ebitda, which is solid performance considering the last year (and the fact that we acquired them for 2.25m). They have a clear runway in front of them to continue to grow the company and become the dominant player in the market. + +**Business #3 - House painting company in midwest US - Dead. #BIGSAD** + +Sold it for $1. Literally. Fortunately we were only in the purchase price of 350k and another 100k to try to get it going. We thought this would be a nice little 3m rev / 300k ebitda business. We had a good GM. The fundamentals just didn't work. It was a franchise (we no longer will acquire a franchise), and just too squishy. It relied on hyper-effective marketing and cost effective subcontracting...neither of which we could figure out. Possibly with more effort over a few years we could have turned it around, but with limited upside, and the rest of our companies being over 10m in revenue, we decided to cut bait. Sold to the GM for $1. + +Important lessons learned: + +* Never buy a franchise. They crush your ability to make a profit, and restrict your ability to make changes. +* Small businesses are squishy. Buy bigger when you can...they are much more durable. +* Failure is part of the game. And a reminder that we are not geniuses. + +**Back on the Acquisition Trail** + +Due to the excellent cash flow from the two flooring companies, and the redemption of a REIT investment I had made shortly after selling my tech company, we had around 2.5m to invest in early 2021 + +We also had added a college junior who is crazy smart as an intern. He has taken over deal sourcing, and through a combination of phone calls, sifting through online listings, and making friends with brokers, we found acquisition #4. Side note...he's fearless. I once heard him trying to give advice to some 50 year old buy on how to run a flooring company...when that guy had been running one since before the intern was born. + +**Acquisition #4 - Flooring company in midwest US** + +We found a 9m flooring company in the midwest with an underperforming 500k of EBITDA. We LOVED the market they were in, and have plans to grow that market to 30-50m in revenue. The deal went as smoothly as any deal we have had, and ultimately bought the company for 2m in June of 2021. We put 600k down, did 400k of owner carry back, and borrowed 1m to complete the deal. + +Funny side note...the day we were onsite to close the deal, the admin team lead literally sat down with our President, unloaded...and demanded a big raise to stay (think 60k->85k). She kinda had a lot of leverage, so we gave it to her. In the end, she quit...much to our relief...about 60 days later. + +Another funny side note....at the closing table we had not agreed on the rent adjustment that would happen year over year on the building they owned that was the business home base. They wanted 3%, I wanted 2%. They didn't want to split the difference. So I said "Lets flip a coin. You win, you get 3%. I win, I get 2%." We flipped. I won. :) + +We learned more lessons on this deal...the most important being that we did not thoroughly vet what the owners told us about the ability of the team to manage the company as the owners stepped away post-sale. It turns out the person we thought was going to be able to step into the GM position, despite his positive attitude and willingness to work HARD at it, was just not in a position to lead that company. So for the first time ever we have had to recruit a new GM. I'm happy to say we just hired a new GM yesterday...and you guys will have to wait a year to hear how it goes in my next yearly update. + +The good news is....even with some challenges at a leadership team level...the company has still performed at the level it was when we bought it. Durable. + +**Acquisition #5 - Flooring company in southern US** + +Since we had 2.5m for acquisition and only spent 600k on the small-ish midwest acquisition, we still wanted to do one more acquisition in 2021. Having 2m sitting in the bank account is no way to earn a good ROI. So we continued to look.... + +I believe in casting a wide net...and one of those things was using a facebook group that is for people in the flooring industry. I post once or twice a year that we are looking to acquire flooring companies...and that turned out to be a good idea. A reader of that forum happened to be in the office of a large, 20+ location flooring retailer in the south...and that owner mentioned he was thinking of selling. Next thing I know I'm getting a "contact us" form fill from our website from the owner saying he's interested in selling his company. Off we go! This one was WILD. 23 locations. 35m revenue run rate (up from 28m previous year) with 3m in EBITDA. + +The company was only 8 years old...but had expanded incredibly quickly. They had put in 20 new retail locations within the first five years, and now had wel over 20 retail locations in one large city. They were the wild west. In some ways they were highly organized, with great training and an ultra-aggressive sales team. On the other hand, their cash management was nuts. Their balance sheet was WAY upside down because of deposits customers put down greatly exceeded their current assets (oh boy...). We knew because of seasonality / holidays, that their cash would "crash" from November to February...so we had to be very careful with how we negotiated the deal. + +Fortunately, the seller was motivated, so we structured the deal as an 8.5m purchase price (2.5x multiple), seller left 2m in cash in the bank since the balance sheet was under water, and we pushed a LOT more owner carryback than normal. Ultimately we put 1m in cash into the deal, 4.5m bank loan, and 3m seller carryback. Our bank required us to keep the other 1m in cash we had as pledge since we went thin into the deal. We all agreed that was the right thing to do though due to the potential for that company to eat through cash from Nov-Feb. + +The due diligence process was wild...because they had no financial person on staff. Getting true due diligence items was a lot of pulling teeth. The owner announced to the entire staff the day after we signed an LOI that "He was selling the company." When we came to town to look at the different locations...normally we'd be there under the guise of being bankers, or insurance agents, or something. Not this one...literally as we are walking through showrooms people are like "Hey its the new owners! Congrats....you got a heck of a business here..." We could have used this as massive leverage to re-negotiate, but didn't. We were happy with the deal. Closed at the beginning of September. + +Post close on this deal has been a wild ride. Cash did indeed crash (as expected) through November-> February from 2m to 200k, but now is cruising back up towards 2m. The team there is SO aggressive and motivated to show that they can run the business even better now that the old owner is gone. They are lighting that market on fire. I would not be surprised to see them book a 45-50m year with 4m ebitda. As always, the first 90-120 days is an adventure to see what you REALLY have with a business...this one is a gold mine. As always...its a reflection of a really strong leadership team. We had no idea how strong this team was. + +**Holding Company** + +Because of the unexpected size and requirements around business #5, we had to scale our holding company as well. We brought on two additional marketing professionals (three total now) that work across the portfolio. We also added a training and development professional so that we can start building great training programs across the portfolio. + +We had our offsite in Cancun to set strategy for the upcoming 1/3/9 years...and set our 2030 goal at 500m in revenue. Considering that we will end this year around 100m rev / 7m ebitda, we are off to a good start. + +We also have discovered that while we can buy companies at a 3-4x multiple...once we get our little entrepreneurial endeavor above 150m rev / 10m ebitda, the multiples in our industry are around 9-11x. That puts us in a good position to be able to have exponential return on our continued acquisitions if we stay in the same industry (which we will). + +At this point, most of the heavy lifting is done by the team. Our President runs all day to day with the portfolio, leaving my wife and I to focus on our quarterly strategic sessions with the portfolio, and getting to increase our travel. + +We are planning to add another acquisition to the portfolio towards the end of Q3 this year. + +**Real Estate** + +We made one big move here...deciding to buy our long term home in Phoenix, where we will relocate to once the kids are out of the house (4 years and counting). We already have a condo there, but we fell in love with a 5.5m modern house up on Camelback mountain....which we could not afford (If we wanted to do another acquisition in 2021). But we LOVED it. So we engaged, found out it was rented most of the time. Asked to meet the property manager, who was a great guy. Found out that property had about 400k/year of rental activity. Still didn't want to put that kind of money down, so told the guy to let us know if he saw any other properties (2-3m) up on the side of Camelback that might be for sale and would make a great rental until we moved down there. + +What do you know...two months later he brought us an off-market deal for 2.7m for an older house (a lot of lipstick on the pig) up on the side of camelback. Stunning views. Had about 200k in rental income per year. We bit. Bought it in April. The same company continues to rent it. It made 175k after fees from when we bought it til the end of the year. We just engaged an architect for the rebuild, and will start new construction in about two years. + +Fun side note...my wife has diamond hands. A month ago our property manager texts and says he has someone who wants to buy our property and will offer 4m, no inspections, all cash. OOOF. I was tempted, but she said hell no. Ultimately I agreed...and I'm glad she has diamond hands. + +**FATFIRE'ish things** + +As our income has climbed, we have done more things to "enjoy the ride" to FATFIRE. Some of those things include: + +* I hired a clothing stylist for Christmas for my wife. She wanted to update her wardrobe...they spent 6 hours doing just that. Total bill was around 11k. Wife couldn't even look at the receipt....she's not used to spending that kind of money (she still doesn't know how much it was). I had to text the stylist to make sure my wife didn't put anything back when she saw the price tag. Totally worth it. +* We got a Business Centurion card...which has some nice perks. Most importantly it has the 50% off all flights when booked with points. Since our businesses generate about 1m amex points her month, we have stepped up our international first class game. +* The Camelback house +* We are taking the kids on a two week European vacation. Blowing a boatload of points...but it is likely the last time we can be assured they will all come on family trips. Staying in The Shard in London...can't wait! + +**Lessons learned over the last year:** + +* I consider myself extremely lucky with some of the talented people my wife and I have around us. Our President is from another planet...he's so good at running the portfolio. Our GM's are crushing it. Fun when you are working with people who love what they do. My wife makes the perfect business partner to me...she sees things very differently and it works well. +* Franchises suck. +* I've had to learn to sit back and relax when the team is doing their work. +* First class / Business class on airplanes is pretty nice. + +**Things I hope to report have happened over the next year when I do my next update:** + +* We flew on ONE private flight. +* Portfolio will have a 140m rev RR projected for 2023. +* I've played at least 50 rounds of golf. + +**Book recommendation:** + +* "Pleased but not satisfied" by D L Sokol...it'll cost you $100 for a hardback but it's worth it + +Remember....the journey to FATFIRE doesn't have to be all work and no play. Learn to enjoy the ride, because you never know when it'll stop. + +Nick +I love papa Elon as much as everyone else, but after the GME saga a lot of people will come to the crypto world looking to fuck over the dollar and govermental istitutions. So how about we actually redirect them to some project that have fundamentals and a purpouse, and not some fucking meme coin with infinite supply that basically acts like the dollar. Let's not waste this opportunity, because when the DOGE whales will dump newcomers will lose a lot of faith in crypto. +This morning I lost my father. I am 16 years old, a junior in highschool, (planning) on going to college after high school. + +I don't know what to do, I wish I had more to help give information or key points, I'm just completely lost. + +I'm not sure if I'm necessarily looking for advice on my mother's situation, I just don't know where to start. + +My mother is currently unemployed, I have around $2k in savings. He had life insurance for 3 years pay which will give us around $350k. Were planning on setting up a college fund for my sister and I instead of a place to send roses. + +Thank you. + +Edit: I do not have a car, but will inherit one/have one to drive that is under my parent's name and insurance. + +I live in Indiana. +https://www.cnbc.com/2021/06/05/el-salvador-becomes-the-first-country-to-adopt-bitcoin-as-legal-tender-.html + +> El Salvador is looking to introduce legislation that will make it the world’s first sovereign nation to adopt bitcoin as legal tender, alongside the U.S. dollar. + +> In a video broadcast to Bitcoin 2021, a multiday conference in Miami being billed as the biggest bitcoin event in history, President Nayib Bukele announced El Salvador’s partnership with digital wallet company, Strike, to build the country’s modern financial infrastructure using bitcoin technology. + +> Strike founder and CEO Jack Mallers said this will go down as the “shot heard ’round the world for bitcoin.” +lunadoge.finance + +&#x200B; + +Remember my thread here 2 weeks ago? Since then we've done a 10x, and the BEST is yet to come! The TG is growing, holder count growing, marketcap growing. + +&#x200B; + +The LunaDoge token ($LOGE) takes the deflationary tokenomics of Safemoon and fuses it with the novelty of Dogecoin. LunaDoge operates just like SafeMoon, Shiba Inu, Elongate, and Moonrat with regards to a quadrillion dollar token supply and deflationary nature. + +&#x200B; + +LunaDoge is a fork of MoonRat and SafeMoon. Both projects have been audited by CertiK, assuring users that there is no backdoor in the code for the team to scam its investors. $LOGE is currently in it’s infancy and is only available on PancakeSwap🥞. + +&#x200B; + +Why does this token have Moon potential??? + +&#x200B; + +✅Hold and Earn + +&#x200B; + +· Every transaction incurs a 10% fee · 5% distributed to hodlers (LOGE will automatically get added to your wallet) · 5% permanently added to liquidty creating a steady rising floor Anti-Whale measures · Transactions greater than 0.5% of supply rejected to prevent Whale manipulation + +&#x200B; + +✅Liquidity Locked + +&#x200B; + +· Team tokens (24% of total supply) locked using third party provider DXSALE · Team tokens RE-LOCKED as of May 5th · 15% for 6 months, 5% for 3 months; 4.7% for 14 days which will be re-locked again · 1% burn every 2 weeks to a dead address which will create an ever decreasing supply of LOGE + +&#x200B; + +✅100% Community Driven + +&#x200B; + +· LunaDoge is fully transparent · Whitepaper · All team and LP tokens have been locked · Every trade automatically contributes to generating liquidity + +&#x200B; + +✅Bi-weekly Token Burn + +&#x200B; + +· Every second week the team will burn 1% of total $LOGE supply from their own tokens · This coincides with team token re-locks + +&#x200B; + +✅Marketing and Branding + +&#x200B; + +· They have a growing community on Telegram, Twitter, and Instagram (links at the bottom) · This is a key element in the success of any product · The graphic design team has developed an appealing logo · Community contests such as a meme competition (running until May.8th) · They've partnered with multiple influencers to build brand awareness + +&#x200B; + +✅What’s in the Pipeline? + +&#x200B; + +· Coinmarketcap listing (pending) · Coingecko Listing (pending) · External audit · Website updates · LunaDoge Mars Program · Cross-chain integration · Token farming · Partnership rollout · Community growth + +&#x200B; + +This team has continued to demonstrate their commitment to the LONGEVITY of this project and have continually increased my investment confidence through their actions! Its holders are put first and that seems to be a rarity given the recent landscape of startup projects. + +&#x200B; + +Do your own DD and let me know what you think! Hopefully we’ll take a ride to the moon together 🚀 + +&#x200B; + +[https://lunadoge.finance/](https://lunadoge.finance/) +**TL;DR** I panicked, sold it all, went to US Treasuries, lost about $300k (compared to doing nothing). I'm still not fully back in the market. Don't be like me. + +We all know how it should work. Pick your asset allocation. Squirrel away. Rebalance. Do some roth conversions. Keep living costs low. Build a tent to mitigate sequence of returns risk. Sail off into the sunset. + +I could go into why I decided to sell everything and buy US Treasuries, but by this time in my journey, I should have known better. But I did on April 1, 2020. + +Fortunately I had a plan to get back in, but that plan did not indicate re-entry until August 1, 2020. But by then psychology was already working against my best interests, "I can't get back in now! Near the highs?" + +So I determined to reinvest in 5 chunks. I would set limit orders 2-4% off recent highs and if those didn't trigger by month end I would change them to market orders to ensure entry. Well August saw no such pullback. 7% higher. + +$#@! I put in August's 1/5 chunk and set orders for Sep, which all got filled yesterday in the sell off. So I am 40% back into my standard 80/20 portfolio. + +I made a spreadsheet with my positions on March 31, 2020. I compared that to the same portfolio on August 31, 2020. The portfolio I liquidated was worth $1.4M. That same portfolio would be worth$1.7M untouched on August 31. + +I missed out on $302,659.98 of capital gains. To say nothing of the dividends I missed out on nor the tax implications of what I did in March. + +Some perspective: + +* That money invested would pay for college tuition for my 2 children just about anywhere for 4 years when they turn 18. +* That loss will likely push off my retirement by 3-5 years +* Or if I keep the same target date, I will have to spend about $25k/year less in retirement. +* Or I could have just quit my job, bought a yacht, and sailed the world for the last 5 months and have been better off. + +I know we like to say that financial advisors are too expensive, not worth it, etc, but someone who had simply said "Don't be a muppet and stay the course" would have earned 19 years' worth of fees. + +This is the behavior gap: the difference between what an asset class earns and what an irrational/fearful investor earns investing in the same asset class. It is real. It is expensive. Good luck closing it. + +Stay safe out there. Learn from my stupidity; I hope I have. +Ive heard that changing jobs relatively frequently, as well as staying well connected, can help drastically improve income from your job. What other tips and tricks have you used to earn more? +Even if you have a 30 year investing horizon, the Nikkei hasn’t recovered after 30 years. Sure it was in a bubble, but our current stock market may be in a bubble as well. What make you guys so confident that we won’t end up like the Nikkei did? I’m only invested in VWRL by the way +I am a highschool senior and soon to be engineering major but as of lately have been questioning what my true passion is. I would greatly appreciate some informational macro economic podcast or even movie recommendations to help me explore the macro economic world, and yes I’ve already watched the big short. +After calculation I just found that my taxable income crosses 50lpa this year. What are some things to keep in mind in terms of tax saving and investing when one crosses 50lpa. For example I found few things + +1. Old scheme is better than new schema. +2. Investing in FD,s get worser as it is considered as income and the tax will attract a additional 10% cess. +For context, my parents are still working hard running their own business as they approach their 70's. I have three siblings, one who globe-trots automating factories, another flies Black Hawks, and the other is a smart, accomplished, hard-working auto mechanic. Two are married with six kids between them. + +Meanwhile I worked my butt off from the my teenage years until my late 20's when I suddenly leanfired to just tend to my land lording duties and live a frugal life so that I could spend my time enjoying my hobbies. I live like a child, playing in rec sports leagues, going kayaking, skiing, biking in the woods, exploring nature, going to museums and local theater, making go-pro and drone videos, reading, playing with my cat. The life of leisure. + +I was just reminded of a moment at a holiday dinner a couple of years ago I'd forgotten about. I'd never heard my dad give an opinion about how I live. If anything I thought maybe there was a subtle bit of disappointment that I wasn't using my education and talents to amass more wealth and status the way he would. But I figured if that is what he thinks, that's his problem. + +My brother was saying he doesn't golf as much as he'd like because of how crowded his course was getting on the weekends. I said I usually go mid-morning during the week after I've met a friend for breakfast. The retired guys who play during the week like really early tee times so by 10 am the course is wide open. + +My brother goes, "Yeah, well, you can do that because you have nothing to do in your life." + +Before I could smile and say, "Yeah, that's true." My dad apparently got a little offended on my behalf and jumped to my defense: + +"MaroonStriation doesn't owe anybody anything. He doesn't hurt anybody living the way he lives. He takes care of himself and that's all he needs to do." + +"Yeah, but I'm just saying...", my brother tried to defend himself only to be interrupted. + +"There are plenty of people worthy of criticism in this world for how they live. He's not one of them. He doesn't hurt anyone." + +Thanks, dad! +I dont even know why I am bothering to post this, as it won’t change a damn thing. Im 32, im broke as shit yet again. Ive tried so hard to get out of poverty. Everytime I do, I just get shoved right back into it. I have no family that gives a fuck about me, I have no help, the VA is useless, I have lost my home, my job, now my ability to get a job. I give up, im tired of this constant cycle. I dont know how much longer I will be around today. But I honestly cant take this anymore. Good luck to everyone else. +As the title says, I am in my early 20s and in the last few years managed to save up about 50k EUR. + +I want to start building wealth and invest this money. However, with current craze in all markets I am really not sure where to start and if I should start at all or wait for things to cool down. My initial goal this year was to buy an apartment, however, in my country there are crazy things happening in real estate market. A good 1 room apartment price went up from something like 55-75k from last year to something like 80-90k now, with good options being bought with all cash offers in **hours.** I was also looking at various vanguard etfs like VWCE or VUSA. However, here again I believe that currently, markets are highly overvalued and there might be price a correction in near future (maybe I am wrong). + +I am about to finish college in next year and I don't really have any major expenses at the moment, so I manage to save up roughly 1k per month. My goal is to invest money relatively safely, as at the moment it is just sitting in my bank account not doing anything. But I am not sure what are viable options for me at the moment. + +I am curious to know what would you do if you were in my position? + +P.S. If that changes anything: I am in the tech industry with a full time job as software engineer, so I have relatively stable income with above average pay in my country. +My (21F) in-laws are helping me and my partner (27M) with purchasing our first house by loaning us the deposit. We are very grateful for this. We have a contract and everything that basically promises that we will pay them back. His brother is the lawyer handling the contracts. + +The bank approved our house purchase and our offer went through. We move in before the end of this year. + +My in-laws are saying they want 1% of the house? I don’t mind that since they are helping but I don’t understand why they say they are taking 1% in order to help us when the bank has already approved of everything. I said sure but asked how would taking 1% help us. I am genuinely just curious and wondering so I know why. No one can give me a clear answer except that “it helps us.” +Part 1: [https://www.reddit.com/r/Daytrading/comments/fw82ow/after\_2\_years\_of\_daytrading\_7\_months\_full\_time/](https://www.reddit.com/r/Daytrading/comments/fw82ow/after_2_years_of_daytrading_7_months_full_time/) + +Part 2: [https://www.reddit.com/r/Daytrading/comments/j3zlqi/my\_1\_year\_anniversary\_of\_full\_time\_day\_trading\_3/](https://www.reddit.com/r/Daytrading/comments/j3zlqi/my_1_year_anniversary_of_full_time_day_trading_3/) + +&#x200B; + +\*\*TL;DR\*\* - I’m still trading. It’s still boring and gets more boring by the week. Trading’s easy once you figure it out ("It" being a defined style/strategy). It's up or down and profit or loss. But it has become more and more boring. It is 80% mental. The other 20% is simply executing flawlessly. This is just me publicly documenting my career as a trader and until I hang it up (No time soon), I’ll keep doing these. Sometimes they’ll be better than others. I don't think one will be all that fun or cool to read. Perhaps it'll become more similar to the others but whatever info I can add, I'll surely add it to the threads I post every 180 days. + +# I'll go over: + +\*\*1) How to create a strategy\*\* + +\*\*2) When times get tough\*\* + +\*\*3) Tips to those wanting to go full time trading and how to help get to $25,000 (and then some) in order to make as many trades as you want.\*\* + +\*\*4) Balancing life (This is a serious one because you don't know what you're getting into)\*\* + +It���s hard to really give such granular suggestions for beginners the longer you do this for since small succinct things are 2nd nature for me by now. So again, refer to the other links and start from the beginning post I made 1 year ago. One thing I’ve noticed with trading communities. People come and go. You'll see an account giving what seems great advice, making daily posts, then poof gone. Queue the next hot topic Redditor. + +So here’s another post to link it to the previous 2. In it are more things I’ve learned over my time as a full time trader. + +Summary: At first, you’ll be addicted to the charts, obsessed with learning, and craving to find what defines your strategy. You’ll get pulled one way or another from different ideas/strategies/styles of trading. **Just pick one** and track it. Times will get tough so be ready to marry and die by your strategy. Lastly, have a balanced life. Finding things to do is cheap. + +&#x200B; + +# 1) How to create a strategy: + +&#x200B; + +Ask yourself - + +•"What puts a stock on your watchlist?" + +\*Is it a technical criteria?\* + +\*Is it a certain amount of shares traded PMKT?\* + +\*Is it a certain type of news event?\* + +• "What puts you into a trade?" + +\*Is it a pattern?\* + +\*Is it something you see on L2/Time & Sales?\* + +&#x200B; + +Now document it and review the statistics! Go find those patterns you see on YouTube or books you've read. Sift through all the charts. You don't need to come to reddit with your 47 \[lagging\] indicator charts asking, "Is this a good strategy?"... Not sure, man, do you want us to spend 40+ hours backtesting the title of your post? What do YOUR stats say? The Law of Large Numbers allows you to see the health, growth, and drawdowns then you can assess what you can and can’t mentally and financially handle over a long period of time. The more “events” (trades) in your documentation... the better. Excel works just fine. It's cheap. Get it. You want to make money but won't spend it? Get real. + +Document the data and then if you want, share the stats here along with your thesis and rules (if you're comfortable with the latter. Mine are in previous posts). I've chatted and worked with other traders who give ideas and we'll review them... only to find subpar stats that will result in poor EV. Meanwhile I've worked with people who have what seems like silly strategies but the stats say that it works well. + +Simply put. Have an idea and start documenting. You'll wind up with 500+ documented trades in a backtest then you can go back and start trimming the fat for that "Perfect Setup". + +&#x200B; + +\*\*Here’s something that will ruffle a lot of feathers:\*\* Patterns don’t mean much or "work better than others". They aren't some cheat code. They are simply “Events” or “Triggers” that allow you to capitalize on your thesis that you believe will move in the direction you think that stock/currency/option will go. Yes, these patterns do hold merit since you can identify, "That is an <insert\_pattern>, It made me X dollars or X Risk Units in my documented data". People who move the market, aren’t worried about your 1’ Bull flag pennant so they can “trick you and stop hunt” you out for your $300 risk. I speak on the behalf of those who trade tickers with a $500,000,000 market cap since that's what I trade. Perhaps it's different for small cap low float stocks so I'm not sure, I gave up on those a couple years ago. + +\*\*Patterns only tell me:\*\* + +•When to get in. + +•When to get out. + +•How many shares to buy or short. (StopSize) + +`Risk ÷ (Entry - Stop) = Shares to buy or short.` + +How hard is that? Now find a bunch of those “Events” and track them in excel. Am I using the cookie cutter/training wheel patterns I see in trading books? Yup. People ask all the time. “What patterns do you trade”... look at my Twitter (CJT2013). There’s a few videos in there. It’s pretty obvious. I’m a “Buy high; sell higher” or “Breakout” trader. If you can’t figure it out. It’s probably because the book or YouTuber trying to sell a course where you never even get to speak with the one “teaching” you, only wants to show you the easy stuff to lure you in. Live trading is rarely “Textbook” like you see in Google images or the books you buy. You want to make money trading 30 minutes a day on the open making full time income? Cool. Clock in. Put in the work and screen time until you’re tired. It took me a longer than “5 months of hard study” to learn statistics/trading and how to manipulate data then extract info out of it. + +&#x200B; + +Want to know if a trade is good? Ask yourself, "Would I risk this month's mortgage/rent payment on it?" If the answer is, "No", then you either haven't documented said "Event" enough to see the statistics behind it to feel comfortable or confident in the trade. (No I'm not saying you should risk 4 figures on a trade. Matter of fact, when I see my edge, I feel like the risk on the trade isn't enough but statistically the Risk of Ruin is 0%. + +&#x200B; + +I’d rather risk $1,000 on 10 PERFECT trades like a sniper than risk $100 on 100 “ok” trades like a machine gunner. I’m an “All systems go” trader. When my exact criteria is met 100%. I put a good chunk of change on that 1 trade. $500. (Last year was $100) If I see one thing wrong with it, I’ll sit and wait. If you’re not disciplined, the market will destroy your account and laugh at you while it happens. The market isn’t this nice place where you click green button and print money while “understanding” there are losses. People who sell you shares/currencies/options are thinking they got you. They're offloading baggage onto you for your money. When you sell shares/currencies/options.. someone out there thinks they're getting 1 up on you and taking that opportunity from you. + +Successful traders loathe losing more than they love profiting; that mentality enables the discipline to take only perfect trades. Don’t confuse this with fear of loss or unwillingness to take your StopLoss though. + +&#x200B; + +# 2) Times will get tough + +There will be months you absolutely feel like you're on top of the world making money like nobody's business and others you start rethinking the career choice. Being done before 11AM then nothing... Everyone's at work and it's just you. There will be months trade after trade comes through the pipeline then others where the market is slower than watching paint dry and you'll start breaking small tiny rules because, "I've been noticing" starts being said a lot. 4 trades in a row will only get to 2.7R when your target is 3R then you'll start decreasing your target to catch profits. + +\*\*Bleed for what you believe in.\*\* It won't always go your way. + +&#x200B; + +There will be months where your Sharpe Ratio and EV remain the same, but the trading frequency isn't there resulting in less money made. If you attach yourself to the money, you'll be discouraged that you're not making enough money but that's trading for you. Don't sit on the 4th week of the month saying to yourself, "Wow, I've only made X dollars I must be doing something wrong". Nope. Sometimes your edge just isn't there and \*\*statistically backed trades\*\* cannot be made since they aren't present. + +Here's a hasty example of what that looks like so you can visualize. Yes, you may be taking solid trades with +EV but if the trades just aren't there, you won't make as much money as your think you will. Now if the trading frequency stays low... increase the risk IF the risk of ruin is still low... <0.05% is my rule. + +&#x200B; + +&#x200B; + +[Having a +EV over 0.75 is my goal. If at any time it falls below that point I try to find trading errors that I may have made\/overlooked. What I'm wanting to point out is that P\/L is not an indicator for how well you're trading. Sometimes business is just slower than other times... like any other business endures.](https://preview.redd.it/2tkwi06rdbq61.png?width=770&format=png&auto=webp&s=db0d1e05f77898976a4bdbd746f187097e5f8165) + +&#x200B; + +# 3) Tips for those wanting to go full time + +I get asked all the time, "What books should I read". I said in that original post, "90% are fluff". Well I redact that statement. Read them all. You'll get information out of them and formulate your own style of trading. My way is only 1 of thousands of ways to trade. + +So you learned about trading recently and want to live the life of a full time trader without a boss telling your what to do. First off, being a trader doesn't give you that freedom. Your business plan is your boss. Honor it or you admit you don't respect your word. + +I see people all the time harping on the PDT rule requiring $25,000 to day trade. I hated it too. The market will always be there tomorrow so save up.. there's your answer. Save and paper trade while you do it. + +Go through your own personal finances. See where your dripping money into unneeded things/vices. Is going out really worth it? Doing the same thing over and over and over week after week? Go through the last 5 months of bank statements and see what you really didn't have to spend money on. Then visualize the data. See exactly where you nickel and dime yourself out of money then be disciplined enough to resolve it. + +•Sell your car and drive a beat up cash car. Your car doesn't need to be cammed or more tint. + +•Stop eating fast food, your body and wallet will thank you. + +•Going out too much? Find friends at a local gym or drink water when you go out. + +•Junk food on your grocery list? Chicken, beans, and broccoli is all you need. + +•Smoke, dip, vape, or casually drink beer/wine/liquor? Drink water instead. + +Here's a hasty example: + +&#x200B; + +[Yearly Unneeded Expenses](https://preview.redd.it/kzbyfqd12bq61.png?width=1034&format=png&auto=webp&s=34b7660ee132a2e90c972137799b44acbf5b2bcc) + +Now do this for a year and your account will be pretty well off. Make the sacrifice, it's worth it. Single? Live at home or share an apartment with a friend. Live like you're pinching pennies. + +&#x200B; + +You'll see me comment to "Write a business plan" here and there and nobody entertains it. Open up Word and start writing out your strategy. Mine started out as an idea then graduated to a 1 page Word document then next thing I know, I have 47 pages now of how and why my trading business operates along with all of the stats. You're building a business remember that. You'll fall and scrape your knee here and there but those lessons will help in the long run. + +&#x200B; + +# 4) Balancing life + +After you're financially ready to tackle full time trading. + +•Bare minimum $30,000 in your account. + +•7-8 months of expenses sitting in a checking account. + +•Plan to reinvest profits into interest yielding assets. + +Don’t ruin connections with your family and friends. Shut down your computer and spend time with them. Go out and treat yourself to an activity with your S/O once in a while. It doesn't have to be expensive. You'll see who the true friends are. When I went full time. It was scary (read the 2nd post). That drawdown was a real kick to the teeth. It instilled this fear in me that made me get really good at statistics and understanding exactly what I'm doing. I feared failing in front of friends and family. It resulted in me becoming a detached from those I love and have great relationships with only leaving the house to go to the gym and grocery store. Being with them from time to time only eagerly waiting to come back home right back to slicing and dicing data to sharpen my edge. + +&#x200B; + +I don't feel like this post really has as much impact as the other 2. I realized that my other post was about to archive and I wanted to link this post to the previous post in order to keep the thread going. I've gotten tons of messages from people who like my story so here's to those that like my posts. Not sure how the new r/daytrading will react to it since it went from 10k subscribers to its now almost 500,000. + +&#x200B; + +Lastly, make sure you're putting money aside for taxes. I wouldn't suggest to "Scale your account" with ALL of your profits. Take a portion out so when the it's tax season, its a simply process with all of the funds in a separate bank account. + +&#x200B; + +All the best. + +\-C +Been in the forex market for over a year now. I’ve blown 5+ accounts now. Varying from $100-$300 starting amounts. Each one of those accounts I do well for a few days maybe even a week. Then outta nowhere I get one shit trade after one another and can’t get out of it even if I take a break from the market. Today marks the shortest span I’ve blown my account. Y’all got any suggestions on how to move forward? +If you were to create an investment account for your future grandchildren today, what companies would you put in the portfolio, that you’re confident in that these companies are going to be around for decades? +On the Live Stream, in the excitement of trying to find the truth of what was said during the meeting, the mods almost showed a video of the meeting. As we know, GameStop's wishes were that it would not be livestreamed. But someone recorded it and put it up on Twitter...against the wishes of the company. In our enthusiasm and fervor, we ALMOST BROADCASTED it to the entire livestream audience. + +The mods ALMOST played it. But as they read the comments on the stream, there was an OVERWHELMING response saying NO DON'T SHOW IT. + +And then the mods listened. They didn't play it. And our search for the truth continues. + +The thing that got me jacked was how they listened to us. There wasn't a pushback. They just trusted us. And now we get a chance to find the truth *the right way, the fair way.* And that's what makes is powerful. We are winning by playing the rules and no one can claim that we cheated. + +We almost corrupted ourselves in that moment. But instead, I saw community and I saw leadership and I am FUCKING FULL ON LACTATING OUT OF THESE DAMN JACKED NIPS. + +I FUCKING LOVE YOU ALL 🤩🚀🌕🚀🌕🚀🌕🚀🌕🚀🌕 + +&#x200B; + +EDIT: pinkcats posted [Shareholder Meeting- I DID NOT DO ANY INTERVIEWS](https://www.reddit.com/r/Superstonk/comments/nw0i5u/shareholder_meeting_i_did_not_do_any_interviews/?utm_medium=android_app&utm_source=share) so that should clear up any FUD regarding that matter +Recently my mom got a letter from the government saying they’ve been paying her too little on her pension for over a decade. She is getting a rather large sum of money and has decided to give me and my brother $5000 each. It’s not that much to my brother who is doing quite well for himself, but it’s a huge sum for me. The last time I had this much money in my bank account it wasn’t even mine: It was a loan for my studies that I’m still paying back to this day. This is the first time in my adult life that I’ll have this much money to just put away into my savings. A year ago I would have had to use most of it on outstanding bills and negative account balances. It took me a full year and a job change to get out of living paycheck to paycheck. I was even managing to start putting some money away and now this happens, it’s like I won the lottery. I am both overjoyed and totally dazed. I feel like this can’t possibly be happening, like I’m going to wake up soon and it will all have been a dream. + +I know that I am incredibly lucky to have such an amazing mom. She could have kept all of it, she didn’t need to share it with my brother and me. But she knows what it’s like to be poor, we have been poor for as long as I can remember and I really appreciate her generosity. I come from a family with an immigrant background and my parents never had very well paying jobs. Miraculously we never went hungry which I am thankful for. Still, we were always poor and I always felt different from the other kids around me. I once had to miss school for two days because our dog chew my last pair of shoes. Even now as a grown woman with an okay job, I still feel so weird when I hear my friends talk about (what I think are) lavish Christmas gifts they get from their families. I’m happy for them, of course. If they can afford them that’s amazing. But it still makes me feel so different. + +And now for the first time ever, my mom who worked so hard for pennies all of her life can give us a lavish gift, too. I’ve been on a rollercoaster of emotions ever since I heard the news. I sometimes feel my eyes tear up and I can’t really say if it is because I’m so happy or because I’m scared I’ll somehow lose it. Our mom hasn’t gotten the payment yet but my brother works for a bank and he has made some calls to make sure it’s true. They actually held off on telling me until they had checked the legitimacy of the letter. But I still can’t believe it, I still feel like something will go wrong somehow. I’m too scared to be happy. Someone please pinch me. + +I’ve been thinking about whether I should use the money to help pay off my student loan or use it as an emergency fund. I think I’ll go with the emergency fund because in the grand scheme of things, it won’t make a huge dent in my loan and the monthly repayments have been manageable with my new job. With the situation being so unstable right now, I think an emergency fund makes more sense. I’ll keep adding to it and once I’ve reached $5000 more (which will be a while) I can always divert the initial $5000 into my student loan. I’m thinking that’s the way to go. + +And while I’m thinking about all this, part of me ia still worried that making plans with the money is going to jinx it and we won’t get anything. I wish I could just be happy but I think it will take me while to wrap my head around what is happening. In any case thank you for reading my post. I don’t really have anyone to share it with because I’m embarrassed to show my friends how life-changing this amount is for me. It’s peanuts for my brother, too. But to me it’s huge. + +EDIT: There are so many amazing responses and I want to thank you for reading my post and taking the time to write a reply. It’s really touching to see so many people care and share their experiences and wisdom... YOU’RE THE BEST! I can’t answer every comment and message even though I want to but I just want to let you know that I’ll read and appreciate them all. +That's it, that's the content lol. I just wanted to tell someone. + +It's now down to $5000 limit and gotta save for a house (it gets easier right without a credit card simmering at the limit?) +So basically I googled ‘wa lithium license’ and this is what I found, https://www.wa.gov.au/system/files/2022-08/IR-F09-Application-form-Works-approval-licence-renewal-amendment-registration.docx +I figured a we could get a lawyer to fill it, then we get a section somewhere in WA to go hunt, digging. + +Basically just figured I’d see how many of you degenerates would be interested in joining the expedition, of course it will be hot and dusty and will eat fuck all and drink a lot, sleep under the stars and basically dig 24/7. Kinda of similar to that Zac Efron movie. +Update: Thank you everyone for the advice. I have taken it all in, changing passwords, notifying escrow, loan, agent, and authorities. + +I thought it would be helpful to give everyone more details on the scam itself. + +First off, the email itself: +- The email had the same signatures, names, warnings, notices, etc as the legitimate individuals. The scammer is betting people don’t pay attention to those things, but it makes the email look/feel legit. +- The subject line of email had the correct escrow ID. I don’t know if this is a standard ID or anything, but the scammer knew to add the correct ID number at the beginning of the subject line, and it was consistent with all previous communications with the escrow company. +- The email came from a slightly misspelled email address. In my specific case, they replaced “@pick——.com” with “@plck—-.com’ +- The email CCed my real estate agent... or so I thought! My agents email was also misspelled. In this case it was changed from “@realestateagent.com” to “@raelestateagent.com” +- There was a reply from the fake real estate agent email saying something along the lines of “Thank you for reaching out! Buyer will be able to respond to your questions and initiate wire of funds soon.” +- All email signatures and normal font used from my real estate agent were consistent with my past correspondence with her. +- Grammar mistakes. This one is on me, and I think more careful people would have caught this. There were grammar/language mistakes in the email. Unfortunately, I overlooked these. + +Second, is the timing and amount being so close. +- The amount was NOT exactly what I ended up needing to truly wire but it was ballpark. +- The timing of the email was spot on. I was already wondering when I would need to wire the remaining funds. +- My guess is that the simplest answer is the likeliest. Someone’s email (escrow, lender, agent, or even myself) is compromised. Basic information has been shared in emails between parties, including close date, purchase price, and down payment amount. This is obviously all you need to get ballpark on the timing and amount. + +Finally, the wire instructions: +- Looked very legitimate with escrow companies branding, contact details, etc. +- Professionally formatted and organized. I know this isn’t hard to do, but it wasn’t some haphazard laid out PDF. It was consistent with all of my other purchases and refis. + + +Original post below: + +I am closing on my first investment property in a couple of days. Two days ago I received an email from my escrow with wire instructions. The timing of the email and the amount to wire was right where I was expecting it to be. + +Looking back at the email it’s classic scam/fishing. Let’s just say they changed the email domain from “someescrow.com” to “someescrovv.com” + +I am extremely fortunate. My bank flagged the wire, and I learned what had happened when I called my bank wondering why the wire hadn’t gone through. + +I am shaken by this. I work in a profession that understands how fraud works, and I still got hoodwinked. + +Since then I have... +- Called escrow company and they told me they would give me wire instructions in person with final signing of papers, notary. +- Researched on LinkedIn the individuals I am working with at escrow and lender +- Reviewed the websites of escrow/lender, called through the website, and asked them to verify things they should know +- Looked back at all my emails to make sure they are legit. + +What else should I do to verify everything I am going through is legitimate? +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Hi, it's **bosshax** here, + +You may recall my early ComputerShare DD [**"Computershare is a COMPETITOR to the DTC! Comment Paper from 2008. DRS to Computershare is a big F U to DTC**](https://www.reddit.com/r/Superstonk/comments/pw0opj/computershare_is_a_competitor_to_the_dtc_comment/)**"** from last year. + +Well... it's amazing to see the theory of DTC Withdrawal *working* and actually putting more and more pressure on the system. We're finally starting to see the pain pile on and the cracks in the system widening. + +I make no promises/predictions on time line- but the trend is undeniable. The free float is shrinking by the quarter- and significantly. At the same time GameStop is doing some really amazing things in blockchain/web3 and is soon going to attract more and more organic buying. + +What's coming, no one can promise exactly, but it's going to be legendary, without precedent and talked about in stock market history for decades. + +&#x200B; + +https://preview.redd.it/hzz1gg0ka7391.png?width=640&format=png&auto=webp&s=78677d2ae22ad6354697cb2cc0ce8ec12db6ff24 + +&#x200B; + +Retail have added 3.8M GameStop shares to DRS in 1 quarter. + +Each DTC Withdrawl reduces 'real share entitlements' within the DTC - Broker/Dealer system. + +This means less liquidity, less shares trading, less shares to settle trades, less shares to lend/borrow against. + +&#x200B; + +[Credit Rockets2TheMoon](https://preview.redd.it/ucmy8qfxz8391.png?width=960&format=png&auto=webp&s=4be0f3a436142f92abba4b20e58d78e7e1497153) + +The Free Float is now almost 1/3rd removed by DRS (mostly in 9 months) - this is amazing. + +https://preview.redd.it/hcxl51g5a7391.png?width=470&format=png&auto=webp&s=c59c9a9028fe79dd90d111de5923713508fe2c67 + +This brings shares short to 15,120,000 (reported) against 22,186,657 free float or 68% short against tradable shares. + +This trade is getting exponentially crowded where these shorts simply can not exist their positions without massive affects on price and/or settlement. + +[credit u\\mirfster](https://preview.redd.it/wjs6c15va7391.png?width=766&format=png&auto=webp&s=b81e803c8f4c5eb54131eef1c3720fbb417b10c5) + +The more tight the share inventory gets (the more illiquid GME) the more hire the borrow rate climbs. At some point it is not economical to pay the lending fee and shorts race to close. + +DRS does seem to be exasperating a real stock lending and settlement flaw in the existing DTC > Broker-Dealer > Stock Exchange system. Likely this flaw is really an exploited strategic tactic by the incumbents. What they could never expected was for retail shareholders to independently choose to withdraw their stock to the Transfer Agent en mass and over a long duration (everyone thought we would get tired). Well... I'm not tired. + +**\*\*\*** + +If you like my DD you can follow me on Twitter: [https://twitter.com/EndOfTheWake](https://twitter.com/EndOfTheWake). Nothing is monetized. + +I will be posting a new big piece of the GameStop transformation strategy in the next couple days. It helps connect the dots on some strategic partnerships and it may help the community better understand Ryan Cohens vision. Stay tuned and keep DRSing. + +**NEW DD** + +**POKEMON NFT LEAK - COMING TO GAMESTOP** + +[https://www.reddit.com/r/Superstonk/comments/v3ao0k/pokemon\_nfts\_pokemon\_go\_veve\_partnership\_with\_imx/](https://www.reddit.com/r/Superstonk/comments/v3ao0k/pokemon_nfts_pokemon_go_veve_partnership_with_imx/) +So my parents want to send me to Paraguay to live with my uncle but I am gonna end up saying no because i’d rather live here homeless than there with a home. + +Anyways I currently make 11 dollars an hour at my current job, I have about 1,000 to my name, no car, a 3000 computer. My friend told me that I can work with him for $18 a hour and there is an apartment near his house that i can live in , it’s 1 bed 1 bath apartment near his house, it would be about 950 a month. My parents have not taught me anything about getting my first apartment like what I need, could you guys help me? +I post on this sub fairly regularly asking for advice and insight regarding specific scenarios and other miscellaneous real estate questions and for whatever reason I always seem to get downvoted and receive some pretty snarky comments. What kind of posts are people expecting or looking for on this sub so I can get it right? +Is this possible and would it positively affect my credit? + +Like paying off my student loans until I just have $5 left owed and just sitting on it until it's actually due in 30 years. + Cash Cow’s Whitelist is live, a HUGE partnership was just announced, AND our 1k+ TG membership growth is crazier than a mad cow! 👿 Don’t miss your chance to get in early before Saturday’s 16:00 UTC presale! + +We’ve just secured a brand new partnership with a HUGE influencer who believes in the power of $MILK as much as we do. Our first promo is today and is guaranteed to generate even MORE new traffic to $MILK from all corners of the cryptoverse. + +Basically, Cash Cow is guaranteed to moon-n hard and we want YOU onboard! + +What is Cash Cow? Shareholder Value + Custom-Contract NFTs + a dedicated community committed to keeping Cash Cow producing and thriving. + +Our custom limited edition CowChums NFTS will generate value when you interact with them… all uniquely designed as adorable little cows! + +So ask yourself one question: Got $MILK? + +WHITELIST APPLICATION: gleam.io/5CMbs/cash-cow-bsc-presale-whitelist + +TOKENOMICS: + +Total Supply: 333,333,000,000 $MILK + +Initial Burn: 30% + +Second Burn: 30% + +Reflection Fee: 3% + +Liquidity Fee: 3% + +✳ Unicrypt: + +app.unicrypt.network/amm/pancake-v2/ilo/0x77aE8D1C3DDD8542a29d12460d64d3F8D20c5C2b + +🥞 PancakeSwap: + +exchange.pancakeswap.finance/#/swap?inputCurrency=0xa320fe101c4fbbb665c02528038ef4e2400b1a9e + +💩 \*\*PooCoin Chart\*\*: + +0xa320fe101c4fbbb665c02528038ef4e2400b1a9e + +CONNECT with CashCow: + +🌐\*\*Telegram:\*\* t.me/CashCow\_BSC + +🌐\*\*Twitter:\*\* twitter.com/CashcowB + +🌐\*\*Website:\*\* cashcowbsc.com/ + +UNICRYPT Presale Stats: + +Hard Cap: 40 BNB + +Soft Cap: 30 BNB + +Max. Spend: 0.5 BNB + +✔ Contract RENOUNCED After Launch + +✔ LOCKED Liquidity + +✔ SAME Presale/Listing Price + +✔ Anti-Whale +**edit2:** Putting this at the top....since my point is being missed by a lot of commenters. I am saying that people that are **attacking** those that embrace a FIRE mind-set (WSJ, Forbes, Orman etc) are doing so to compensate for perceived short-comings in their own lives. I am **not** saying that people who choose not to embrace it, who find it to not be their cup of tea, or who can't because of extenuating etc. are "bad". There's a huge difference between attacking a life-style and saying "that's not for me / I can't go that path because of circumstance XYZ", and I am referring to the former group, not the latter. I don't know how to make this any clearer. + +------ +I used to be in the psychology field, and what I've found in life is that society takes on personal traits of the people in it because society is made up of those individual people. That may seem obvious, but people miss that more often than you'd think. + +Right now in American society a vast majority of people are not at jobs they enjoy. They're not saving enough for retirement. Maybe they're stuck in a relationship with someone that's equally bad with money, and don't want to leave and lose half of what little they have. Either way, their bad habits have them stuck where they are. How does a person rationalize that? You say "That's just life. Everyone's in this boat with me". You make water-cooler gossip about it, crack jokes, etc. Deep down you're not happy, but you had no other options, right? + +What's the worst thing that can happen in that case? You see a group of people that have budgeted well, that picked a career that pays well (instead of a career picking them), found partners that are not sabotaging their financial success, and are able to have a light at the end of a much shorter tunnel. They have their independence, and the typical careless person does not. + +This lays bare the lies they told themselves, and they have to confront the fact that if not for poor choices, they would be in the same boat, and could have this life style for themselves as well. Ironically, if instead of reacting so "violently" in opposition to FIRE they learned about it, they too could join us. At the end of the day it's not FIRE they hate, it's their own lives, and that's why it's so hard to convince people to embrace this ideology we have. They would have to admit how much they hate their current circumstances, and frankly most people would rather live in the dark and delude themselves. + +**edit:** Usually I hesitate to do this, but since a lot of people are apparently misinterpreting (maybe intentionally) my original post, let me clarify. If you DON'T want to FIRE, fine, I'm not saying there's anything wrong with that. If you have extenuating circumstances, that prevent you from doing so, fine as well. My original post is aimed at people who seem to be posting these articles about how awful FIRE is, or dangerous, or that criticize/demean people that embrace the FIRE mentality. I'm not talking about someone who has a parent get sick, or gets hit by a bus. My point is that their attitude comes from a place of denial & dissonance. **Making a conscious choice to not FIRE is completely different from that, and I'm not saying there's anything wrong with it**. I take a live-and-let-live approach and find it ironic that the comments below that are negative seem to completely miss my point and attack me directly, complaining that I'm somehow demeaning them. + +edit2: OK, one more time. I don't think this is particularly hard to get, but since it's being missed by a lot of commenters. I am saying that people that are **attacking** those that embrace a FIRE mind-set (WSJ, Forbes, etc) are doing so out of bitterness over their own lives. I am **not** saying that people who **choose** not to embrace it, who find it to not be their cup of tea, or who can't because of extenuating etc. are "bad". There's a huge difference between attacking a life-style and saying "that's not for me / I can't go that path because of circumstance XYZ", and I am referring to the former group, not the latter. I don't know how to make this any clearer without drawing stick figures. +I am currently making about $45k a year. I have $25k in equity in my index fund ($VTI--I'm sure you can imagine the beating it has taken so far). I was looking on Zillow and saw an attractive multi-unit property about an hour drive out from where I'm at that currently has 2 paying tenants. Homes for rent in that area is ranging from 1000-1300 a month. The listing price is $159,900 and my est. monthly mortgage payment according to Zillow is $1,039/mo which is tolerable. The home needs some TLC as it seems that the landlord was working on some projects but cut it short (looks like he wanted to add a deck in the backyard). **The only issue is I'd have to sell all my stocks to afford the down payment, is this advised?** + +If you must know, my FICO score is a 773. I have no debt. I have a credit limit totaling $31k across all of my credit cards. +"If you students of America go to these elite business schools and law schools and they learn corporate finance the way it’s now taught and investment management the way it’s now taught. And some of these people write articles in the newspaper and other places and they say, ‘Well, the whole secret of investment is **diversification**.’ That’s the mantra. They’ve got it exactly **back-ass-ward**. The whole secret of investment is to find places where it’s safe and wise to **non-diversify**. It’s just that simple. **Diversification** is for the know-nothing investor; it’s not for the professional." - **Charlie Munger** + +"I just, I never for a moment believed this balderdash. Why **diversification? Diversification** is a rule for those who don’t know anything. Warren calls them ‘know-nothing investors’. If you’re a ‘know-nothing investor’ of course you’re going to own the average. But if you’re not a know-nothing investor, if you’re actually capable of figuring out something that will work better, you’re just hurting yourselves looking for **fifty** when **three** **will suffice**. Hell **one** will suffice if you do it right. One. If you have one **cinch**, what else do you need in life." - **Charlie Munger** +INTRO- + +Lockheed Martin is an aerospace/defense company. It has four primary classes of products. These include Aeronautics, Missile & Fire Control, Space, & Rotary/Mission Systems. + +Another huge factor to keep in mind from the beginning is that roughly 70% of the company’s revenue is from the United States government. + +STRENGTH’S- + +- 3.17% dividend, that has consistently grown at high rates over the last few decades. They have a payout ratio of 47.93% according to YF. I would like to see this be dropped, as they really have a chance to take huge amounts of market share in untapped markets. +- Lockheed has multiple NASA contracts. They are the prime contractor for the Orion Spacecraft, which will be designed for galaxy wide exploration. Additionally, many of their contracts are for aeroshells, which are used on most modern rovers and spacecraft. +- No mission to Mars has ever occurred without some sort of a Lockheed design. +- No company has ever landed on Mars. Besides Lockheed, and they have done it four times. +- They are developing a new technology called MAIA (Model-Based Artificial Intelligence Assistant). It allows for predictive feedback based on the surrounding environment and other factors. This tech would be implemented into every military and space vehicle they design and build. This technology is the future of warfare, and nations will line up to purchase it. +- Current ROE is 82.89%. That may be an outlier, but that is impressive. +- Shares have decreased from .427B to .277B as of 6/30/2007-9/30/2021. Nearly cut in half. We all love some share buy backs. +- The military budget has almost never been cut in US history. Obama did make some cutbacks, however Lockheed still managed to grow their earnings that year. I hate to say it, but I don’t see tensions between the world’s powers declining anytime soon. When things get worse, and they will, Lockheed will profit massively. +- I pray I am wrong on the last point, and if so, Lockheed will still have huge upside in all area’s of the soon to come, Space Industrial Revolution. Top that with buybacks, a juicy dividend, and a constant need for defense, and I believe this is quite a safe bet. + +CONCLUSION- + +These are only strengths, and weaknesses still must be accounted for. Additionally, more research must be made into their financials. However, I would like to hear the community’s thoughts on the simple bull case to be made. + +For centuries, only the wealthy would ever benefit from wars. Mankind has proven time and time again, we do not know peace. The wealthy ensure this happens. Why can’t we profit off it as well? +Total of $1.038 billion + +https://berkshirehathaway.com/qtrly/3rdqtr22.pdf#page46 + +Only A shares were repurchased, so it appears that Warren now wants to reduce the overall shareholder vote total. +I don't know if this is the right subreddit to ask this question, so apologies in advance if this is violating any of the rules. + +I studied at a regular run-of-the-mill college in a major city in south of India. 15 years after graduating, I find myself in a fairly good financial position and in a very high paying job. I feel very blessed and I credit a lot of that to this college and the friendships I formed there. The college too has grown and has attracted a wide diversity of students from various walks of life. I'd like to start a scholarship for 1 deserving student (based on their academic marks). My plan is to either pay on behalf of the student before they join the course or convert this into an award where I reimburse some portion of the fee to the student after they complete the course. Other than picking up the phone and speaking to the principle, I don't know what else to do. I asked my CA and he doesn't seem to know what to do as well (and he also dissuaded me because "*why do you want to waste your money?*"). What is the best way to start this effort? Do I need to create a fund? How does this impact taxes, etc? +Thanks to this sub I pulled the trigger and just paid off the last bit I owed on my car (got it done 2 years early!). + +I am now able to max out my Roth IRA, also maxing my HSA and currently doing 5% into 401k (with 5% company match). With the extra income I have I'm also investing. I feel so much better freeing up that $300/month. +(Background- I have been a sous chef for years. Never had more than 5k in my bank account and work 12 hour days regularly. ) + +Last year I bought 144 Eth at the going price of around $10. My goal was to buy a van and travel the country with my girlfriend, so when Eth skyrocketed to $17 I sold and bought a 97 Dodge Van. + +I spent all summer converting the van to a camper and saving my pennies. The van is now done and we are about to take off. Can you believe my surprise when out of curiosity I checked the price of Eth? My cheap old van now cost me somewhere around $100k! + +For a while, I was bitter. I looked with disdain at my new house on wheels, thinking about the life-changing amount of money it cost me. + +Then, I remembered it was Eth that quickly got me the savings I needed. It was Eth that bought me a van I my partner and I will make memories in forever. + +So if you sold early, or missed a dip or bought high, remember that there will always be opportunities you will miss and money you could have made, but be grateful for the things in your life that aren't about money. Think about the ways you can change and change others lives around you if you held. Take a breather from the screen. +Please see [https://www.reddit.com/r/Superstonk/comments/qkbjxq/drsing\_from\_ibkr\_to\_cs\_all\_by\_yourself\_a\_howto/](https://www.reddit.com/r/Superstonk/comments/qkbjxq/drsing_from_ibkr_to_cs_all_by_yourself_a_howto/) for an update version with PICTURES +Good day, Reddit Nation! I want to share my journey to $1 million in net worth, a goal which I have nearly attained. I hope this post inspires you, especially the younger ones on this forum — that with time, discipline, and patience you can reach your goal without a ton of heavy lifting. + +To set the stage, I am not a trust fund kid. I’m not an executive with a 6-figure salary. I haven’t received any major windfalls. I have gotten here pretty “organically.” + +I live in a reasonably low/average cost of living area. I’m 41/M married to 35/M. No kids. We are frugal but not on a FIRE journey, per se. We like to find a good bargain. We travel during off-peak times, which helps in that area of the budget. We tend to like simpler things but will indulge ourselves from time to time. But if we don’t need something, we don’t buy it. Clutter equals wasted money and wasted money equals wasted time. + +Assets: +Retirement (combined): $720K +Home equity: $130K (Home value $252K - $122K mortgage — our only debt) +Cash on hand: $50K +Health Savings Accounts: $10K +Retiree Health Reimbursement: $60K + +Total Net Assets: $970K + +Income: +The last two years we were at approximately $160K gross combined, each around $80K. Before that we spent a few years in the $120-130K range. We (especially he) have worked extra OT during the pandemic, and he did get a promotion and 10% raise last year so we should stay around this mark or higher for the foreseeable future. Net take home pay averages out to around $7500 per month after taxes and deductions. + +Expenses: +We don’t believe in “lifestyle creep” and our expenses have remained as steady as possible as our income has increased. + +Essential Fixed(ish) Expenses: +House (mortgage and utilities which includes phone/TV/internet) $2300. +Groceries and eating out $800. +Car insurance/gas/maint $400. +Total $3500 + +What I’ll deem variable and/or nonessential expenses, like clothing, vacations, home projects and maintenance, nights out, etc typically run us $1500 a month on average. So we are able to bank around $30,000 a year. + +How we got here: +When we married seven years ago, he was pretty well at break even. Not a lot of savings, and some student loan debt which we paid off in just over a year. So I’ll focus mostly on my journey. + +Through high school: +I come from modest means but my parents were able to save a few hundred dollars a year in my name in bank savings accounts and CDs. Remember this was in the 80s and 90s when banks actually paid decent interest on these accounts. By the time I started college, they had saved around $15,000-$20,000 toward my future. + +College years: +I was encouraged to do well in school. Learning came easy for me. I finished second in my graduating class, earning a full, four-year scholarship to a local state university that happened to have a solid program in my major of choice. I was able to live at home, commute to school, and work half-time at a job making a little more than minimum wage. With other scholarships I earned during my college years, my net overall cost of college (books, fees, etc) was just over $800. With the money I saved from my part-time job, I was able to keep and add to my savings. At age 22, my net worth was roughly $30,000. + +My Twenties: +After college, I worked full-time, making around median earnings. I remained at home after college for a few years. My expenses were low — my car, insurance and gas, my phone, and a couple of bills I regularly helped with around the house. My parents always said if I was smart with my money, they wouldn’t charge rent as they wanted to see me save. (Talk about incentive to save!) I was able to save one paycheck or more and spend the other or less each month. I also started saving in my 401k plan as soon as I could at age 21 and made a maximum Roth IRA contribution every year of the decade, minus only two. By the end of my 20s (2009), even with the 2008 crisis still in play, my net worth was around $100,000. + +I had bought my first place at 26 and while very affordable, it was not a profitable venture and I later sold it for about $15,000 less than I bought it for. It was still a very affordable place to live, so I don’t count that too big a loss. + +Early 30s: +This is where it starts getting interesting. By this point my career is starting to develop and I made a move quickly from the low $40s to the low $50s in income, then by 35 into the low $70s. After the “lost decade” of the 2000’s in the stock market, all the money I had invested started to grow. At age 34, I ended the year with $220,000 of net worth. + +Marriage: +In 2014, my husband and I found our house and got married. We hit the house lottery by buying a short sale that needed no work at 15% below market value. It was a long process (4 months) but we had around $30,000 of instant home equity beyond our down payment (purchase price vs appraised value). Long story short, the increase in the market value of our home alone since purchase has raised our net worth by nearly $100,000 over the last seven years. + +Over the last several years, we have continued to get promotions and steadily increase our pay. We each save through our employer’s (we have the same employer) generous retirement plan and overall benefits package. Our company puts in more than we do to our 401k plans. We have benefitted greatly from the increase in the market (as you’ll see below). And we have made saving, home improvement, and debt elimination our priorities. + +In 2019, we decided to review our expenses. We were saving money but thought we could do better. So, we did a little work and went line by line to see where we could improve. In doing so we saved $2,000 a year on home and auto insurance. We saved $500 per year on TV by moving to streaming and have cut our mobile bill from $80 per month with paid-for phones to -$20 per month ($50 savings on switching our service and $50 for a “bring your own device” stipend from work). Lastly, we paid off our cars and refinanced our home to a 10 year mortgage, giving us another $7,000 a year in cash flow. + +All this combined with reduced travel during the pandemic, we have quickly grown our emergency savings to roughly one year of essential expenses. + +Lastly, as I mentioned the market has benefitted us tremendously and nowhere is this more clearly seen than in this net worth progression: + +12/31/2014 $251K +12/31/2015 $299K +12/31/2016 $344K +12/31/2017 $444K +12/31/2018 $424K +12/31/2019 $642K +12/31/2020 $887K + +What’s next?: +It is a time to celebrate but not a time to stop. It is possible that we have enough cash saved to pay off the house by the end of next year, which would be a meaningful accomplishment to us and would free up $1500 per month in expenses. I would love to see us build our intermediate non-retirement savings. We have the emergency fund of one year’s expenses. We have retirement funds of around 12x current annual expenses. We don’t have anything in between. + +So, that’s where my head is as I reflect on this goal and look ahead to the future. Thank you for reading my lengthy post. Wishing you all the best on your own financial journeys! +I saw no discussion in this subreddit on [the CDSL data breach.](https://www.thehindubusinessline.com/markets/stock-markets/cdsl-undermining-the-data-exposure-issue-himanshu-pathak/article37379449.ece) If full KYC details are out there for sale, it sounds quite scary. What are the possible risks, and how can we mitigate them? +# 0. Preface + +We got a spicy new post today of a few more rules being passed (SR-ICC-2021-008 + SR-ICC-2021-014 + SR-OCC-2021-006) and put into effect: + +[https://www.reddit.com/r/Superstonk/comments/nfhswb/3\_new\_filings\_sricc2021008\_sricc2021014/](https://www.reddit.com/r/Superstonk/comments/nfhswb/3_new_filings_sricc2021008_sricc2021014/) + +Along with ICC-007, the haircut rule for ICC, being put into effect: + +[https://www.reddit.com/r/Superstonk/comments/nfjivc/icc2021007\_passed\_approved\_today/](https://www.reddit.com/r/Superstonk/comments/nfjivc/icc2021007_passed_approved_today/) + +And this is some **good** 👌👌 **shit** 👌👌 **right here**. 👌👌👌👌 + +**Tl;dr: ICC might have just pulled the plug on its members (banks) via ICC-005, ICC-007, and ICC-008, or is about to.** + + +Edit: GameStop must have acquired the infinity stones... +https://www.instagram.com/p/CPBzJMHtUms/?utm_medium=share_sheet + +# 1. Rule "Prefixes" and ICC + +For any apes confused on the prefixes, DTC, ICC, and OCC are all different clearing entities and they all submit their own rules. They all operate different parts of the market. + +In a more general sense, DTC = stocks, ICC = default swaps, OCC = options. + +Since we're talking ICC, you probably want to know who's a member of them. Well, it's banks. Lots of banks. Lots of big banks for that matter: + +>ICE apparently operates the NYSE group. +> +>ICC is composed of all of these banks: Bank of America, N.A., Barclays Bank PLC, Barclays Capital Inc., BNP Paribas, BNP Paribas Securities Corp., BofA Securities, Inc., Citibank N.A., Citigroup Global Markets Inc., Credit Suisse International, Credit Suisse Securities (USA) LLC, Deutsche Bank AG, Goldman Sachs & Co. LLC, Goldman Sachs International, HSBC Bank USA, N.A., HSBC Bank plc, HSBC Securities (USA) Inc., JPMorgan Chase Bank, National Association, J.P. Morgan Securities LLC, Merrill Lynch International, Morgan Stanley Capital Services LLC, Morgan Stanley & Co. LLC, Nomura International PLC, Nomura Securities International, Inc., Société Générale, SG Americas Securities, LLC, The Bank of Nova Scotia, UBS AG, London Branch, UBS Securities LLC, Wells Fargo Securities, LLC + +Quote from [this comment by Ridn2Lo](https://www.reddit.com/r/Superstonk/comments/ncq8jt/sricc2021005_filed_today_with_the_sec_basically/gy6loes?utm_source=share&utm_medium=web2x&context=3) + +# 2. New Rule Summaries + +**SR-ICC-2021-008 -** [Link](https://www.sec.gov/rules/sro/icc/2021/34-91918.pdf) + +* Approved and I believe in effect. +* Updates to their "model" on determining margin requirements / risk management. +* Makes a note that the model will take into account scenarios of **extreme price decreases and extreme price increases**. + * The model will take into account **hypothetical extreme movements**. So it is forward-looking. If they determine a security **will have** an extreme movement, they'll take that into account in their model. AKA, "X is going to go up next week. We are going to calculate your risk is based on IF it actually goes up". **That's nuts!!** +* Pair this with SR-ICC-2021-007, the haircut rule, which eliminates some collateral, and you've got an easy way to just rip the plug from these guys and margin call them (have a defaulting member). SR-ICC-2021-007 will be in effect TOMORROW. + +&#x200B; + +**SR-ICC-2021-007 -** [Link](https://www.sec.gov/rules/sro/icc/2021/34-91894.pdf) + +* Updates to haircut rule and collateral that can be used for your capital. +* Haircuts are additional subtractions to your total capital. You want to maintain enough capital to not default. + * They are allowed to introduce higher haircuts depending on volatility of securities and the general market. Easier to margin call. +* Badly-backed collateral cannot be used any more, which eats away more at your net capital. + * E.g. Think of Citadel's BBB- bonds. Those are poorly backed, literally the worst kind of bonds. If you had $600 million in these bonds as collateral, then the ICC could say, "Nope. Can't use that". **It's possible that the $10-15 Billion bonds the big banks got in April are going to be rejected for collateral.** + + + +**SR-ICC-2021-014 -** [Link](https://www.sec.gov/rules/sro/icc/2021/34-91922.pdf) + +* Immediately effective, but starting **June 1, 2021** +* They're giving discounts on credit default swaps to make them more enticing for the 2nd half of 2021. + * This implies that nobody is going to want to do default swaps with ICC while in a suffering market. So they're introducing incentives to hopefully bring in more customers. + * They are giving out \~25% discounts, which seems pretty damn big. + + + +**SR-OCC-2021-006 -** [Link](https://www.sec.gov/rules/sro/occ/2021/34-91920.pdf) + +* Reducing fees of option contracts for clearing because they believe it can be reduced while still maintaining enough revenue for the OCC. +* Just them wanting to reduce fees to the OCC members because they have enough money sloshing around already. +* They propose it will come into effect **June 1, 2021**, "because OCC believes that this date is the first date that the industry could be prepared to process the new fee without disruption based on consultations with market participants." + * Does this mean they expect some disruption between now and June 1? Maybe. + +&#x200B; + +**SR-ICC-2021-005 -** [Link](https://www.sec.gov/rules/sro/icc/2021/34-91806.pdf) + +* Already in effect as of Friday, May 14, 11:59PM EST. Literally last minute filing. +* This is basically the DTC-004 equivalent for ICC. This is their unwinding plan in the event of extreme market stress in order to remain afloat by wiping out members with high risk positions. +* Something really cool is they'll not only wipe out members who default on a certain security, they'll wipe out similar positions in that same security of all their other members IF it's high risk/stress to the market. E.g. if a member defaults due to their position in X, then they'll cascade that to all other members who hold a position on X and tell them to get rid of it. This could inevitably lead to more defaulting members. +* This means ICC is getting ready for member defaults + +&#x200B; + + +# 3. Other TL;DR + + 1. SR-ICC-008 will perform a **HYPOTHETICAL** situation of extreme price movements when determining margin requirements. + + 2. SR-ICC-007 will rip their collateral from them and introduce higher haircuts, making the model from 008 easier to hit their risk threshold and be margin called. + + 3. SR-ICC-005 will cause all other members to eliminate their risky position if it causes any member to default from that same position. Cascade/snowball effect. + + +And with lots of things pointing to this week or next being the bang... well, this just adds to that pile. +**Crossposting for** u/Justbeenlucky **from DDintoGME with permission.** + + +In an article linked below, the Ceo of Schwab stated that Fidelity uses internalization as an alternative to PFOF. + +What is internalization? + +according to investopedia "In business, internalization is a transaction conducted within a corporation rather than in the open market. Internalization also occurs in the investment world, when a brokerage firm fills a buy order for shares from its own inventory of shares instead of executing the trade using outside inventory. The process is often less expensive than alternatives as it is not necessary to work with an outside firm to complete the transaction. Brokerage firms that internalize securities orders can also take advantage of the difference between what they purchased shares for and what they sell them for, known as the spread. For example, a firm may see a greater spread by selling its own shares than by selling them on the open market. Additionally, because share sales are not conducted on the open market, the brokerage firm is less likely to influence prices if it sells a large portion of shares." + +Theory: + +Fidelity has been one of the main reasons volume has been dry. By internalizing their stock purchases when apes buy, fidelity has the option to take that order to the open market or internalize that order off exchange. So this entire time Fidelity has been able to make BANK off of us. When the price is high they can choose to internalize their customers orders making a profit off of the spread. Doing this takes away volume by keeping buy orders off of the exchange having less of an affect on price. Then when the price gets dropped from shorting they slowly buy those shares back before the next rollover period which contributes to the slow rise in price leading up to the jump then dump. + +This whole time we assumed that Fidelity was the good guy because they did not turn off the buy button. But to me it seems pretty convenient that the one broker that didn't is the only broker that uses internalization. Making them the perfect broker to keep volume low. + +Summary: + +Fidelity uses internalization as alternative to PFOF. Basically if i buy a share from them they can either take that to the open market or or sell me one of their shares off exchange. This impacts volume and price discovery. + +Again, all credit goes to u/Justbeenlucky +#LOCK THE FLOAT + + +_______________ +Edit: +Link added per request of author. + +Schwab CEO: Fidelity's payment for order flow claims not 'the whole story' + +https://www.spglobal.com/marketintelligence/en/news-insights/trending/IiJL9zOpAk76f_BrDunluA2 +Hey all, + +So my parents gave me $125k and told me to do what I want with it. I know most people might just spend it, but my thought was to just index it in SPY. + +I don know much about options so I thought, are there better options strategies out there than just indexing? + +I did a bit of research on the wheel, but I feel like indexing would give me a better return. + +Thanks! +Hi, my land lord is having sewer pipe replaced in my house today. Calls me and tells me that it will actually be a multi day job and we won’t have water until Thursday. Offered to put us in a hotel or reschedule. I want to ask for a rent reduction and just stay with family. How much should I ask to be reduced? + +Edit: Asked for a rent reduction and got it reduced by the amount of a fairly nice hotel rate +Hey everyone, + +I thought I'd give a quick update. + +Regardless of what may be going on on the subreddits and members shifting etc. + +I see no added value in bashing other people, so I wont. the situation happened lets move on. + +&#x200B; + +What has changed? +Nothing much imo, apes together stronger than ever. + +We buy, we hold we chill and read DD. + +As some of you can see both u/heyitspixel and I are now on the mod team here at r/superstonk and will be helping with DD wherever we both can, again I never viewed this as a solo show this is a team effort and I'm happy to have my fellow team members by my side. + +Again this is a ever growing process, so there will always be some growing pains along the way. + +As always I like to be as transparent as possible and hope to be able to continue that here. + +&#x200B; + +[I mean this.](https://preview.redd.it/4fldbaqt4dr61.png?width=554&format=png&auto=webp&s=7788129a14fabf2e7ab553a342c509aa4ad26914) + + + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, they should be above the current price point, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +I used to say this on r/GME but I wish to see this here as well, others helping each other. + +&#x200B; + +https://preview.redd.it/tu7iohc15dr61.png?width=400&format=png&auto=webp&s=22e4681cc483be80cdcd73b7853bd1e3ec1d7364 +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). Last ban length: 1,048,576 days + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/2sQBNuM). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +$FCF is in talk with a major money transfer company listed on NASDAQ(4th meeting friday)... + +Something huge is about to happen! + +1ST exchange listing about to be confirmed. Many more to come + +Benzinga and marketwatch published another article about FCF + +A MAJOR MARKETING CAMPAIGN AIMING 1M+ crypto users is getting prepared and will be launched in the next 5 days! + +LOTS OF YOUTUBE VIDEOS COMING OUT ABOUT FCF IN THE NEXT DAYS + +$FCF is creating the world first Credit Card and crypto payment gateway (FCFPAY), this would allow retailers and merchant to trade goods/services with any crypto they want! Imagine buying shoes online with dogecoins ? Ordering food on ubereats with Cardano ? Buying flowers with BNB! The possibilies are endless! + +The payment gateway fees are lower than Paypal and regular credit card fees! Why wouldn't you use it? Imagine spending your crypto gains without having to send them into your bank account and paying capital gain taxes ! + +$FCF is building a huge ecosystem that rewards it's holders, 33% of all the fees collected by the payment gateway goes back into FCF LP and another 33% goes into the dividend pool! + +$FCF is a reward token, just by holding FCF you will receive 5% BNB reflections every 24 hours! Fully automated! but wait that is not all! + +You could hold a token that rewards you daily while it's price goes up!, It literally takes about 10 days to get your initial back after buying FCF$. + +**Tokenomics:** + +3% LP + +2% Marketing + +5% Dividend + +**Website:** [www.frenchconnection.finance](https://www.frenchconnection.finance/) + +**Contract:** 0x4673f018cc6d401aad0402bdbf2abcbf43dd69f3 + +**Telegram**: [https://t.me/frenchconnection\_bsc](https://t.me/frenchconnection_bsc) +My situation: Low 30s, \~$400-500k/yr FAANG income, $70k/yr expenses, $3M NW (all in market), pacific northwest. The market has been bonkers so I'm trying to keep in mind my numbers will eventually be at a \~20% discount. + +[NW vs Income graph](https://imgur.com/a/Qgv1px2) \- My FIRE# was $2M, then $2.5M, then $3M... one-more-day syndrome! Hopefully I'm close enough for this post to be relevant to the fatfire community at this point. + +**Questions:** For those aiming for $3-15M NW, how do you reconcile the cost in working years to go from $3M to $5/10/15M? I think in my case with a relatively normal W2 salary it will take me several more years to a decade+ to reach $5-15M, and having seen some family and friends work into their 50's to achieve it and still not feel satisfied, I struggle to valuate it. + +I feel like staying on the current path will provide more buffer. I'm considering taking a year off, due to burnout and maybe thinking about what I want to achieve in the future. I'm going to wait for the US election & pandemic to settle before making any life changes. + +Staying my current course, going from $3M to 5 or 10M seems to have relatively low value to me for the years lost, versus trying something different or relaxing. Have any of you ever faced this situation, and changed from W2 to take time to learn about starting your own business (and succeeding)? In my case if I don't find a business concept interesting enough to pursue, I'll just live a normal FIRE retirement with the \~$3M. Since my background is tech in a specialized area, I may copy a friend and go into consulting if a business venture doesn't pan out, however there's so many parts of business I have little experience with, it feels like if I don't start trying to learn now I'll regret not trying. + +**Another question:** Some of the success stories I've met in real life tend to have learned financial principles from their parents. In my case I was the first in my family to learn about FIRE investing principles, and I've shared it back to my parents with varying succcess. + +Do any of you have parents who are (Fat)FIRE? What lessons have you learned from them that you think have helped or hurt your ambitions? Did they retire early? Are they still? Do you plan to retire early? + +**P.S.** \- I am going to celebrate this milestone by eating a pie. + + +*Edit 9 months later (June 2021) : Welp, I'm at $4.25M now. I finally went through and started a sabbatical and it's been fantastic, to be determined if I will return or quit.* + +Guys, you don't want to miss this. It's the Doge season and this is your gem. + +What is it? + +Daddy Doge is the head of the Doge family and the next 1000x BSC gem. The plans for the token are next level with a substantial marketing budget to match the ambitions. Adverts are being planned for Times square, Piccadilly circus and Tokyo to let the world know who the Daddy is. + +“Some people don't believe in heroes but they haven't met my dad.” DOGE 2019. + +How to find us + +Telegram - https://t.me/joinchat/gecLQf8q1nwyZmE0 + +Twitter - https://twitter.com/DaddyDogeToken + +Website - https://daddydoge.finance + +Chart - https://www.dextools.io/app/pancakeswap/pair-explorer/0xb5ea073c8fa5dc0cbce0852c79a34f6351f291e8 + +What are the tokenomics? + +Simple as you like, there is a 9% total transaction fee compromising of: + +💰 3% distributed to all holders + +Not only do you get to be part of the newest movement, you get rewarded by just holding. Every buy and sell gets paid amongst Daddy Doge holders in reflections. In short, the longer you hold the more tokens you earn. + +💰 3% added to the liquidity pool + +The contract accumulates tokens on buy/sells and then adds them to the liquidity pool to create a solid price floor and increases the stability of the token for everyone's benefit! + +💰 3% sent to a marketing wallet + +A token is nothing without it’s marketing power. Not only do we have a substantial budget to start, we want the snowball to keep the momentum. Following advertisements on time square, we want multiple exchange listings that send Daddy Doge to the moon alongside his son. + +What else? + +Daddy Doge is fed up of seeing rug pulls and honey pots, so he’s decided to give the community as much confidence as possible by: + +Locking liquidity for 5 years +Ownership Renounced +Smart Contract Audited +No separate dev wallets that could crash the price +As soon as the world starts to know who the Daddy is, nothing can stop us. Join us, spread the word and enjoy your the ride 🚀🚀🚀 +Family of 4 (3 adults and a 2 yr old), and I reckon the weekly meal kit delivery is saving a couple hundred a week. We are wasting waaaaay less, and the temptation for a sneaky Uber eats is offset by the fact there is stuff in the fridge ready to go. We’ve also been pleasantly surprised by the quality of the meals, and the ease of prep. Only 3 weeks in, but so far this is working well for us +This is just to show how we have come a long way from 2013. Or have we? + +Not all of those who were "early" knew what the future would bring and there has always been a huge amount of uncertainty around. I wouldn't even dare to amount the people who have lost their keys during this time. It seems that even when you are uncertain of things you should never burn all of the bridges. + +>But in the end, the answer was obvious. The world's most popular digital currency really is nothing more than an abstraction. So we're destroying the private key used by our Bitcon wallet. That leaves our growing pile of Bitcoin lucre locked away in a digital vault for all eternity – or at least until someone cracks the SHA-256 encryption that secures it. + +Source: [Link](https://www.wired.com/2013/05/butterfly-live/) + +Wallet: [1BYsmmrrfTQ1qm7KcrSLxnX7SaKQREPYFP](https://www.blockchain.com/btc/address/1BYsmmrrfTQ1qm7KcrSLxnX7SaKQREPYFP) + +Edit: Some of you guys were asking if they ever made an update, thanks u/mutso1976 for this [LINK](https://www.wired.com/story/wired-lost-bitcoin/) (2018) +This is just to show how we have come a long way from 2013. Or have we? + +Not all of those who were "early" knew what the future would bring and there has always been a huge amount of uncertainty around. I wouldn't even dare to amount the people who have lost their keys during this time. It seems that even when you are uncertain of things you should never burn all of the bridges. + +>But in the end, the answer was obvious. The world's most popular digital currency really is nothing more than an abstraction. So we're destroying the private key used by our Bitcon wallet. That leaves our growing pile of Bitcoin lucre locked away in a digital vault for all eternity – or at least until someone cracks the SHA-256 encryption that secures it. + +Source: [Link](https://www.wired.com/2013/05/butterfly-live/) + +Wallet: [1BYsmmrrfTQ1qm7KcrSLxnX7SaKQREPYFP](https://www.blockchain.com/btc/address/1BYsmmrrfTQ1qm7KcrSLxnX7SaKQREPYFP) + +Edit: Some of you guys were asking if they ever made an update, thanks u/mutso1976 for this [LINK](https://www.wired.com/story/wired-lost-bitcoin/) (2018) +My wife and I are currently in the process of buying a 2 bedroom condo in a really nice city in Orange County, CA for $560k. The total payment is coming out to be $3500 a month, which includes a HOA obligation of $450. I am putting $30k down, and the condo needs about $30k in renovations. + +We are currently renting a 1 bedroom apartment for $2070. If we were to rent a condo at a comparable size to the one we're buying it would be $2600, so $900 less than our total mortgage would be. + +We don't have kids yet but intend to start a family. And in the meantime we've been able to save a significant amount every month and live without financial burdens. + +We are hesitating and nervous about finalizing the deal. We have always heard it's smarter to buy and because it's an investment, especially in a red hot real estate market like Southern California where we may be priced out soon. It's also less than 2 mile commute from both our jobs and 9/10 rated schools. + +It would be a dream to live in this city and have the stability of owning something as I grow my family, but spending $1400/month more than I do, and $1000/month more than renting a comparable for place seems excessive (especially because it also requires down payment and renovation costs). But then rent goes up $60-$100 every year. + +I'm not sure what to do and we're pulling our hair trying to make a decision for fear of missing out on a good property and missing our chance to live in this city. + +What would you do, buy or continue to rent? +&#x200B; + +T'was the night before **Christmas** + +&#x200B; + +And all over the land + +&#x200B; + +Not a retard was drooling, for most had been banned + +&#x200B; + +&#x200B; + +I-phones were switched off + +&#x200B; + + portfolio's, closed with a frown + +&#x200B; + +In the hope that Old **Tom** won't knock the door down + +&#x200B; + +&#x200B; + +[The man, the myth, the legend](https://preview.redd.it/el9dup2q88481.png?width=634&format=png&auto=webp&s=3651ba30851c183c679331621bf66cf0466d8cd0) + +&#x200B; + +The **Sub** was all quiet, alone in their beds + +&#x200B; + +Visions of wives boyfriends danced through their heads + +&#x200B; + +**Mods** have all logged off, the trolls ceased to whinge + +&#x200B; + +For its time to be going back under their bridge + +&#x200B; + +&#x200B; + +When out on the forum, was heard a lone **duck** + +&#x200B; + +I sprang from the couch thinking '*'what the fuck*?'' + +&#x200B; + +No one had told bread boy, the markets shut tight + +&#x200B; + +'*'Come get your tendies!*'' he sang into the night + +&#x200B; + +&#x200B; + +[Autodidact. Probably....](https://preview.redd.it/6wznx99ja8481.png?width=315&format=png&auto=webp&s=9694a2ce99f72de65ed1dbbc59d319cdf9b377d2) + +&#x200B; + +And them loomed a **Taco**, lurking in fog + +&#x200B; + +''*Your pennies are all trash*!'' he called from a **log**, + +&#x200B; + +of **poo** that had stumbled, amidst a T+2, into a flair his mother would be proud of too + +&#x200B; + +&#x200B; + +''*Oh For fucks sake*'' the **Mods** lamented, + +&#x200B; + + 'W*hy is this place so fucking demented?*' + +&#x200B; + +All we need now, after the log + +&#x200B; + +Is **Moweth** to appear preaching ''***VML*** *is a dog*'' + +&#x200B; + +No sooner than spoken, that this claim is old + +&#x200B; + +Did **Exalted** appear stating ''*All mushie's are Gold!*'' + +&#x200B; + +&#x200B; + +[Disclaimer: mushie possibly owned by hedge fund.](https://preview.redd.it/ssuo4yr2b8481.png?width=862&format=png&auto=webp&s=b9599ad7e77db11e0f767cef02b5cf7fa42b976d) + +&#x200B; + +**Mutated** and **Punt**, then arrived with a glow + +&#x200B; + +From the netherworld a cry: + +&#x200B; + +*''Those cunts stole the show''* + +&#x200B; + +Gazing that way, for the banned lands are near + +&#x200B; + +Was it **Rickle** or **Melvin**? + +&#x200B; + +The answer unclear + +&#x200B; + +&#x200B; + +**ilyfish** kept on drinkin, to bring his doggie to life + +&#x200B; + +**Nevelo** wandered the land, playing catch with his knife + +&#x200B; + +**Swyfty** got Lit, says bring on '22 + +&#x200B; + +**Dankreddit** claims brine, that shits top shelf too + +&#x200B; + +&#x200B; + +But wait just a bit, Autists screamed in vain + +&#x200B; + +It's Christmas you fuck and we want them gains! + +&#x200B; + +&#x200B; + +&#x200B; + +**And Christmas is time, traditionally themed, with baubles and pressies, and don't forget team, that Christmas can be done with colors instead, and the color of Christmas is RED as fuck RED.....** + +&#x200B; + +&#x200B; + +[No caption required. You know....](https://preview.redd.it/i4vhi5tpb8481.jpg?width=300&format=pjpg&auto=webp&s=75c50f886dc28ba3dc4f2da04534f57b75cdabeb) + +&#x200B; + +&#x200B; + + Collectively the sub, quivered at this + +&#x200B; + +How could we tempt, that shade into the mix? + +&#x200B; + +For all who knew red, knew whom it evoked, knew who would be stirring, after this poke + +&#x200B; + +&#x200B; + +Out over the clouds, the jingle of bells + +&#x200B; + +Could be heard and we wondered ''*did we just summon hell*?'' + +&#x200B; + +The clacking of hooves, now sounding like thunder + +&#x200B; + +The dreaded one appears to cast all asunder + +[The Christmas Cuck](https://preview.redd.it/lsvam8hoc8481.png?width=819&format=png&auto=webp&s=6e1a758f7d53f599918668737c1d7497426d88a8) + +&#x200B; + +**Barry** the Christmas Cuck, flew over the sub + +&#x200B; + +The autismo's scattered, screeching ''*fuck the grub*!'' + +&#x200B; + +Oh please Christmas **Barry**, its after the bell + +&#x200B; + +''*Fuck you cunts*'' roared **Barry**, ''*I'll have those ones as well*...'' + +&#x200B; + +&#x200B; + +He plundered and pillaged, our gains and our dreams + +&#x200B; + +Jolly Fat **Bazza**, sack split at the seams + +&#x200B; + +His sleigh was attended, not by elves nor reindeer + +&#x200B; + +But by those who had purchased before the **CR** did appear + +&#x200B; + +&#x200B; + +[Pay the piper bitches........](https://preview.redd.it/r8g4nka2d9481.png?width=819&format=png&auto=webp&s=47e1e581b8d195132f873563f4d31dcc6db3c99b) + +&#x200B; + +Decorated grotesquely, the sleigh reared anew + +&#x200B; + +''*Now comes the price*'' howled old **Barry** ''*For not reading page 2*'' + +&#x200B; + +Slipping in after **Bazza**, a single sad elf + +&#x200B; + +Who had one decree only: + +&#x200B; + +'*'It stops at 4:12*'' + +&#x200B; + +&#x200B; + +And then it was over, for those who were lucky + +&#x200B; + +Hadn't been '*gang-banged in a van*' + +&#x200B; + +To quote degen **Plucky** + +&#x200B; + +&#x200B; + +**Josh** then appeared, to cast all the damned + +&#x200B; + +Into the pit, Nay, into the hand + +&#x200B; + +Of aforementioned **Plucky**, and thank God for these couplets, + +&#x200B; + +Because Christmas is time **Plucky** plays with his puppets + +&#x200B; + +&#x200B; + +[Plucky26 - Actual photo. \(possibly not real\)](https://preview.redd.it/4bjye4ctd9481.jpg?width=225&format=pjpg&auto=webp&s=d5e253d32830e0461dce97ddb01e3f8634857013) + +&#x200B; + +Meantime **Triog0n** and **Ewan** trade essays in the daily + +&#x200B; + +While **Joey** insisted, **MNS** had done nothing shady + +&#x200B; + +&#x200B; + +In a Wee Bit came **Slaughter**, up down votes a plenty + +&#x200B; + +And somewhere a dog, shit 4 times until empty + +&#x200B; + +&#x200B; + +Balance restored, the sub stirred but not shaken + +&#x200B; + +And calm once again upon us the forsaken + +&#x200B; + +No Boomer, no insto, no pumper, no shill + +&#x200B; + +Comes to our sub and goes away still + +&#x200B; + +&#x200B; + +Thinking YOLO'S and Shit-posts, mixed with dank MeMe's + +&#x200B; + +Can't make retards money and so it seems + +&#x200B; + +It's time to enjoy, what we've done in a year + +&#x200B; + +It's time for a day of that Old Christmas cheer + +&#x200B; + +&#x200B; + +So go grab some pressies, all purchased with **Z1P** + +&#x200B; + +Cause old Larry Diamond says that shit'll rip + +&#x200B; + +We will keep on punting, and all will be right + +&#x200B; + +As its Christmas for all, so to all a good night........ + +&#x200B; + +&#x200B; + +&#x200B; + +https://preview.redd.it/aw5kt5vrhw281.png?width=819&format=png&auto=webp&s=146ae0e6d008c4d04de4500f1a1a7c7d3efe5d30 + +&#x200B; + +&#x200B; + +**TLDR** \- Καλά Χριστούγεννα από τους Συντονιστές +Don’t know if anyone here is watching the NCAA March Madness games but damn, I can’t believe how many advertisements I’ve seen for QQQ. It’s almost every commercial break on multiple channels. I genuinely don’t remember ever seeing an etf pushed this hard on the national stage. Has anyone else noticed this? This is day two that I’ve noticed. + +Edit: I guess they are the official asset management partner for the ncaa games? Still seems like an interesting ncaa partnership. + +“Invesco has been named as the official asset management partner of the NCAA while the Invesco QQQ ETF (QQQ) has been named the NCAA’s official ETF this year.” +30 days have gone by since I was given a 90-day notice that I would be laid off. + +&#x200B; + +I've received an offer and plan to leave. Should I give 2-week notice? + +&#x200B; + +There is a curveball to this too, I was considering giving my 2-week notice when the Director asked me to apply to an engineering position. It sounds like he is firing everyone in the department but wants to keep me. + +&#x200B; + +They need someone at nights for my position, I was thinking if I gave a 1-week notice it might put more pressure on my employer to possibly make me a better offer? Whether or not I accept said offer, it could even help raise the competing offer. + +&#x200B; + +What does everyone think? Should I give 2-week notice? + +&#x200B; + +EDIT: Another reason I ask is because 2 guys on my team have already left with what seemed to be 1-week notice. + + +EDIT: Thanks everyone for the advice, I will submit 2 week notice and if they want to counter offer it's in their court. +> China said Friday that it will impose new tariffs on $75 billion worth of U.S. goods and resume duties on American autos. + +> The State Council's Customs Tariff Commission said it decided to slap tariffs ranging from 5% to 10% on $75 billion U.S. goods, in two batches effective on Sep. 1 and Dec. 15. + +> It also said a 25% tariff will be imposed on U.S. cars and a 5% on auto parts, which will go into effect on Dec.15. + +https://www.cnbc.com/2019/08/23/china-to-retaliate-with-new-tariffs-on-another-75-billion-worth-of-us-goods.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard +[https://www.cnbc.com/2019/02/14/amazon-says-it-will-not-build-a-headquarters-in-new-york-after-mounting-opposition-reuters-reports.html](https://www.cnbc.com/2019/02/14/amazon-says-it-will-not-build-a-headquarters-in-new-york-after-mounting-opposition-reuters-reports.html) +Having touted the oligopoly of the Canadian Banking Sector, another portfolio core idea could be made of the Telecon sector. Not as robust as the big 5 banks (due to the advent of Starlink), but the tight grip of the Big 4 Telecoms on the Canadian consumer looks to be unshakeable, at least for the time-being. + +Catalyst - [‘In the end, Bell always wins’: Why did the CRTC backtrack on its bid to lower wholesale internet rates? | The Star](https://www.thestar.com/business/analysis/2021/05/29/in-the-end-bell-always-wins-why-did-the-crtc-backtrack-on-its-bid-to-lower-wholesale-internet-rates.html) + +TLDR - Big 5 banks + Big 4 Telecoms = Rock solid dividend core. + +Alas: + +* BCE Inc. - + * Trading near price target (Concensus target - 60.54, last - 60.06) + * Dividend Yield - 5.828% + * Market Share - 30% +* Rogers Communications - + * Trading below price target (Concensus target - 71.50, last - 62.37) + * Dividend Yield - 3.21% + * Market Share - 35% +* Telus Corporation - + * Trading below price target (Concensus target - 29.33, last - 27.26) + * Dividend Yield - 4.64% + * Market Share - 30% +* Shaw Communications - + * ?? Not sure, is it being taken over or not. + * Dividend Yield - 3.28% + * Market Share - Not sure. + * I would be careful touching Shaw due to the takeover by Rogers. Nonetheless, they have a solid line-up of services. + +Imo the key to investing in the Telco sector is to simply follow the movement of the CRTC. +Throwaway account here to: share my story, whine, kick myself for the lost decade plus and the huge amount of wealth that missing out on this recent market rally (and all my other decisions) have cost me, repent/soul cleanse, humble brag, express genuine gratitude, reboot my thankfulness, and solicit some conversation and learning and ideas and inspiration so me and others can learn from this. + +TLDR I am mid 30s I make good money but acted and spent money like an ASSHOLE for more than a decade from age 22 on, but am happy to be FINALLY be getting my shit together. + +At present, I am debt free as of just a few wks ago (after having piled up to $200k plus of the stuff over a decade or so) and loving it. Stable good job at ~$150k or so base and ~$200k+ bonus and now starting to lock into longer term partnership benefits in the firm. Living in a medium/high COL city. Also struggled w weight (ever since my Freshman 15 and which grew into a Fabulous 50+) and am now back down to my 2013 weight and aiming to get to my 2005 weight (which is 2003 plus some muscle). + +Just a lot going on and it’s nice to write it out because I can’t really share it with many people in my life. I dunno, whatever Reddit, read it if you want and deal with it 😎. I appreciate you guys. I have acted like an asshole in many ways and done a number on myself but I know deep down I love myself and deserve great things, which everything else is just a reflection of. + +So: + +Started working in mid 2000’s at $60k base plus $60k bonus or so (investment banking). Very blessed. After three years of it I climbed to $80k and made a $100k bonus. Took a few years off to attend grad school and travel the world, at huge expense, blew $100k of savings AND gathered $150k+ of student loan debt and was also unemployed for some time, not helping matters. Will leave you to do the math if what forgoing that income and piling on those expenses would compound to but I’d say it was easily $400k post tax swing and missed investing that into the 2010-present bull market run. I still cringe at the sheer volume of that loss - but then I did really, really enjoy my late 20s like few middle class suburban kids probably ever have, and frankly would have made the same choice 10/10 times so I own it. + +Despite getting eventually re-employed and paid very well I continued to hold my student debt for nearly a decade and consistently racked up credit card debt in the tens of thousands. Attempted to clean things up with some Upstart/Prosper type loans to consolidate debt and just ended up adding $40k+ of that kind of shit paying ~8%. Credit rating was below 660 at the bottom. In my desperation I also raided anything I had put in my 401k, my Roth’s (from the few yrs I was eligible), and a variable life insurance policy (all were half hearted attempts at being financially “responsible”). Needless to say the value of a dollar and how to manage a budget was ENTIRELY fucking lost on me. Ironically I double majored in finance and accounting (with honors) at my university. + +Have lived my entire life blowing every dollar I make in a life of unhealthy excess beyond my means. Alcohol, food, women (let’s just say the “expensive” type that will spend “time” with you), travel, Amazon, golf, electronics, audio equipment/vinyl records, watches...you get the idea. Highly addictive personality with big impulse purchasing habits. I have avoided ever doing cocaine for this very reason and thankfully don’t really have a “car thing” or I may be totally ruined. + +Flash forward to a few years ago there is a catastrophic event in my life that threatens my livelihood and career. + +Will not go into detail but I essentially I luck out, #blessed (genuinely) and this thing appears to be going nowhere. So I have a second lease on life. + +Today: +I have paid off all student loans and credit cards (these totaled over $250k) +Credit rating is above 800 +Just surpassed $100k in my 401k +Car is nice but fully paid off (pre-2010 Audi) +Cut hundreds / thousands out of my budget via debt reduction (P&I) and canceling so many fucking subscriptions I didn’t even know I had +Stable job that pays $150k base plus $200k bonus (last year) and now starting to get profit sharing that will build with time. +Quit smoking 10 plus yrs ago. + +There is still a lot I am figuring out, but wanted to share one asshole’s story of recovery and self love. It’s a really exciting time and I wanted to share. Sorry if any of this comes off as douchey. I’m a nice guy but there’s a lot of this that will just sound douchey to some no matter how you couch it. + +Questions for discussion: + +1) For people who have struggled with similar paths - how did you re-establish / learn the value of a dollar? For now I am using cash exclusively for the near term (at least the next few mos), to enjoy my new (for now) debt free life (I do understand the benefits of good debt eg mortgages and investment property) and also make sure I can stick to a budget sustainably. + +2) What do you think are the best ��catchup” moves for someone my age / situation- I’m not eligible for Roth’s and some other catchup options. Some catchup options feel like cruel jokes (can’t do them until you are 50 and it is way too late). + +3) related to 2 - I currently go 1) 401k up to employer matching amount, 2) savings (rebuilding 6 mos of living expenses), 3) Fidelity S&P500 index fund. Should I consider other vehicles eg variable life plan / other tax advantages thing or just keep pumping Fidelity? (Giggity) + +4) currently renting a pretty nice apartment at $3500 a month - considering downsizing (may be leaving my SO but that’s for another thread) - curious about buying a duplex and living in half of it - if you have good relevant thread link on pros and cons let me know + +5) any other good tips or resources you recommend + +6) topic for discussion - would eliminating the 401k and Roth contribution limit for anyone under $x million of net worth promote social mobility? Obviously a massive oversimplification but I feel like these limits are in place just to keep normal people down. + +Thanks for listening and also for any advice you share. + +~The Original Poster +Right now on market open at major hype day, i see about 13k users online. This is not normal, as you know. Whats your take on that? + + +I think: since DOJ started investigating shorties, we first noticed that media shut up 100%. No more "Sell GME PLS!" articles, just like that. About same time, /biz noted that shills in GME thread were almost non-existent. Now, last week or ten days or so, i notice alot less users on superstonk. Is this for same reasons; bots have been online here, about 20-30k of them possibly, to up- and downvote what is expedient for sHFs. But now they cannot overtly operate any of their scumbag tactics, so they lay off bots here, no shills on /biz, no shills in media. What do you think? + + +May the squeeze come swiftly, and hit them in just the right places. +Hey CMS, i bring to you this project by a renowned team that had great success in the Binance Smart Chain space, it has a very active community with voice chats that are popping with great vibes and positivity. + +&#x200B; + +Without further ado i present to you Cryptomoonshots apes with - Ice Cream Token Fair Launch Presented by: Nano Dogecoin’s A7 Team. 🍧 + +&#x200B; + +🚀 Get ready to make profits with ICE CREAM TOKEN. + +&#x200B; + +🍨 Where: Launching on INDC Dashboard + +For the first 5mins. + +Can be purchased on Pancake Swap afterwards. + +&#x200B; + +Launch Date: November 1st at 4pm UTC. + +&#x200B; + +Buy and Sell Tax: 10%. 🔥 + +&#x200B; + +Nano Dogecoin and A7 presents PROFIT$ + +&#x200B; + +Every buy and sell that happens for the themed token, it will AUTOMATICALLY purchase more Nano Dogecoin $INDC within the smart contract. + +&#x200B; + +At the end of each week, you’ll be able to go into the dashboard and claim 2% of your share of the total INDC tokens that were purchased and held on the smart contract. Allowing you to make an instant profit each time! 💰 + +&#x200B; + +This trading strategy will allow INDC’s value to go up EACH WEEK! + +&#x200B; + +Join on Telegram for more mouth watering details! 🍧 + +&#x200B; + +Telegram: [https://t.me/icecreamindc](https://t.me/icecreamindc) + +&#x200B; + +Hope you guys enjoy this post, do give it an upvote if you like this and want to continue seeing more calls from me! +I wanted to share this just in case anyone is in the same boat as me, with insurance being unaffordable through work. + +I started having symptoms of a bladder infection, and didn’t want to go to the ER and have another huge debt I can’t pay. Was looking up possible home remedies and stumbled onto the app called K Health. Looked up reviews, and saw it was mentioned in some legit publications back when it was apparently just a symptom checker. After making sure no one was labeling it as a scam online, I decided I could risk the $14 to try to talk to a doctor on the app, and worst case I could still go to the ER. + +It was 100% worth it. Was connected to a doctor within 10 minutes, and the chat was pretty quick too. We went over all of my symptoms, and the doctor asked about several other symptoms to make sure all bases were covered. He was confident enough in the symptoms to start treatment without a urinalysis, but offered to order labs if I wanted them. I opted to not do labs, so he sent a prescription to the pharmacy of my choice. I called the pharmacy to be extra sure they got it and I wasn’t just scammed, and they did receive the prescription. + +I also downloaded the GoodRX app that a pharm tech told me about the last time I had to get an expensive prescription. Got a coupon for the antibiotic. It was around $56 before the coupon, and is $10.78 with the coupon. + +So in the end I paid $24.78 total to speak to a doctor and get a prescription, And aside from going to pick up my prescription soon, and frequent bathroom visits for my broken bladder, I haven’t even left my bed all morning. Amazing. I highly recommend both of these apps if you need medications, but can’t afford to visit your doctor. Or even if your copay for your insurance is more than the $14 fee this app charges. + +Tl;dr: You can talk to a doctor on the K Health app for $14 no matter if you do or don’t have insurance. Also, GoodRX is wicked awesome for huge discounts for medications. Just show the coupon it gives you at the pharmacy. +Any words of experience from those that had a large NW loss over the course of their financial journey? + +Started a brick and mortar business with some partners on the side a year ago - business is doing poorly (not profitable). We have $2mm of SBA loans that are PG’d. + +At this point I’m trying to convince my partners to just shut it down. All in between the parties, we’d each lose $1mm more or less when all is said and done. + +I am early going towards mid-30s married. $1mm loss will effectively wipe out all my liquid NW (there’s about $1mm more on home equity, retirement accounts, and private equity investments). My wife and I both work full time in highly compensated finance / consulting roles (W2 > $1mm a year and will increase as we are relatively early in our careers). + +The biggest toll this has taken is the mental anguish. I’m now on antidepressants and struggle to get out of bed. Feels like I screwed the pooch here. Hard to get over this mentally though I know financially we will ultimately be okay. Been relying on stoicism, medication, meditation and a lot of philosophy videos to get through it. + +Anyone have any advice on dealing with the emotional aspect of taking a large L? Greatly appreciated. +I AIN'T HEAR NO BELL + +You do realize you're fucking with the most irrational collection of individuals in the entire market, right? We're used to red days. Most of us are colorblind and can't tell the difference anyways. Some literally get off on loss, others are completely desensitized to it. Many of us have been in this shit since $10-$40. Conviction is way too strong to sell at a measly $130. That ladder was pretty sick today, ngl, you might've grabbed some paper handers/newblood, but do you think we're fucking BLIND? WE CAN SEE THE TRADING VOLUME. Even though many of us can't buy today, good luck finding enough sellers. Once the floodgates are open, WE LIKE THE STOCK, so people will buy the hell out of it. Hedgies should double down again, I really want that $5k per share. Holding till the bitter end. +*Sorry y'all I'm still figuring out titles! I'll use this title format from now on to make it easier to find!!* + +[Banner Submission by u\/Zwakenberg HARAMBE FINALIST 🏆](https://preview.redd.it/nnos4u468fx61.png?width=1250&format=png&auto=webp&s=b9e6e2f24e02e78e25327dd3be5a0c5d19f40733) + +# Good Morning Superstonk!!! + +&#x200B; + +**What's up to all our Korean Ants from yesterday's Livestream chat!!!** + +**🐜💪🦍💪🐜💪🦍💪🐜💪🦍💪🐜💪🦍🐜💪🦍💪🐜💪🦍💪** + +&#x200B; + +[Is everyone enjoying all their new wrinkles after yesterday's AMA?](https://youtu.be/AYct0XX0uTU) + +[**Don't miss Dave Lauer's summary post complete with powerpoint slides!**](https://www.reddit.com/r/Superstonk/comments/n5qp96/ama_followup/?utm_source=share&utm_medium=web2x&context=3) + +**We are LEVELING UP 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 📢 Top Story- U.S. House Committee on Financial Services hearing set for today at 12 Noon Eastern 📢 + +## [Virtual Hearing - Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide, Part III](https://financialservices.house.gov/calendar/eventsingle.aspx?EventID=407748) (Link) + +# Witness statements have already been released: + +[**Gary Gensler**](https://financialservices.house.gov/uploadedfiles/hhrg-117-ba00-wstate-genslerg-20210506.pdf)**- Chairman, SEC (MUST READ!)** + +[**Michael C. Bodson**](https://financialservices.house.gov/uploadedfiles/hhrg-117-ba00-wstate-bodsonm-20210506.pdf)**- CEO, DTCC** + +[**Robert W. Cook**](https://financialservices.house.gov/uploadedfiles/hhrg-117-ba00-wstate-cookr-20210506.pdf)**- President and CEO, FINRA** + +https://preview.redd.it/040obk203fx61.jpg?width=611&format=pjpg&auto=webp&s=54b819b9e0237963f7f917d19001a894963b6069 + +Did I mention I'm actually frickin **STOKED** about this hearing?! Like, I didn't have very high hopes about it until the witness statements came out and I got to read *how tired they obviously are of Hedgie fuckery*. I always recommend you watch these kinds of things, but today you need to [WATCH THIS THANG!!!!](https://financialservices.house.gov/live/) (Or at least give the statements I linked above a good read. I promise you it will jack your tits!) 🚀🚀🚀🚀🚀🚀 + +A little detail from Gary Gensler's statement, since we've all been wondering what the heck he thinks of all this, given his hardass street cred from 2008... + +&#x200B; + +**Gary's statement focuses on the following 7 points:** + +&#x200B; + +1. **Gamification and User Experience** +2. **Payment for Order Flow** +3. **Equity Market Structure** +4. **Short Selling and Market Transparency** +5. **Social Media** +6. **Market “Plumbing”: Clearance and Settlement** +7. **System-Wide Risks** + +&#x200B; + +# Key takeaways: + +&#x200B; + +* **He's trying to trim down settlement time to T+1 or T+0 (same day)** +* **They are aware of dark pools and are investigating**, *"While the public generally thinks of the markets as public exchanges like Nasdaq and New York Stock Exchange, those big public markets had about 53 percent of the volume in January, according to public data. So where’s the other 47 percent? About 9 percent of January’s volume was executed at alternative trading systems. These alternative trading systems, commonly known as* ***dark pools***\*, emerged following the 1998 Regulation ATS rules, taking advantage of then-new advances in the internet and communications technologies. That leaves about 38 percent, the majority of which was executed by off-exchange wholesalers, a group that of firms that have been taking a growing share of trading volume. As publicly available data on reported trades show, just seven wholesalers made up the vast majority of this 38 percent.\* ***One firm, Citadel Securities, has publicly stated that it executes about 47 percent of all retail volume.*** *In January, two firms executed more volume than all but one exchange, Nasdaq."* + +&#x200B; + +**Also check out the section on Social Media (dat us)** + +[👀GARY GENSLER JUST CONFIRMED FUD AND SHILLS ARE A THING!👀 ](https://preview.redd.it/lthhqrjfbex61.png?width=797&format=png&auto=webp&s=f29d03824c18e0ddcfd3b0e57fd827b5d9912698) + +# "To be clear, I'm not concerned about regular investors exercising their free speech online. I'm more concerned about bad actors potentially taking advantage of influential platforms." + +https://preview.redd.it/6uztvolt2fx61.jpg?width=1095&format=pjpg&auto=webp&s=5c8d66330817cf964222100dd5a60caa4f7870e4 + +# [Here's the link to watch the hearing, live today at 12 noon Eastern](https://financialservices.house.gov/live/) + +&#x200B; + +[Throwback to DFV](https://youtu.be/sXNRttPfeSI) in the first congressional hearing, giving us all some hope when we needed it most (And telling fucking *congress* he wasn't a cat 😻) + +&#x200B; + +[Remember when he doubled down?](https://www.youtube.com/watch?v=w_rTu2y-Zu4) Just look how far this all has come!! 🚀🚀🚀🚀 + +&#x200B; + +**VIP (Very Important Post) from Dennis Kelleher himself- A must read before today's hearing!** + +[**Read the post here**](https://www.reddit.com/r/Superstonk/comments/n4z0ln/releasing_short_selling_fact_sheet_early_just_for/?utm_source=share&utm_medium=web2x&context=3) **and give @ BetterMarkets a follow on Twitter!** + +&#x200B; + +👽Totally trippin Pink Cats theory: Alphabet entities have been preparing their game strategy before allowing chips to fall, and this will be a pivotal turning point in the legislation of the GME saga... basically things can start happening now. [(Like NSCC-002)](https://www.reddit.com/r/Superstonk/comments/n5idj9/801_and_nscc002/?utm_source=share&utm_medium=web2x&context=3) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Who turned down the volume? + +&#x200B; + +**So not only are we continuing to see entire minute candles with zero volume like we did yesterday, this time happening TWICE.....** + +[2 whole minutes with 0 volume on WeBull Lvl 2 yesterday](https://preview.redd.it/ze4pnx5vsex61.png?width=1237&format=png&auto=webp&s=0994ec83b2763e966c64517afee62ba9a9c08085) + +&#x200B; + +[**We also saw NEGATIVE 1MILLION VOLUME HAPPEN BEFORE OUR VERY EYES....**](https://www.reddit.com/r/Superstonk/comments/n5pk8v/negative_1_million_volume_after_hours/?utm_source=share&utm_medium=web2x&context=3) + +[NEGATIVE 1 MILLION VOLUME WOT THE HECC](https://preview.redd.it/gvcrvzcdtex61.png?width=960&format=png&auto=webp&s=277bc258803a50c171dc1072143452ed73a29170) + +The negative 1 million drop caused the daily volume across all reported channels to fall to just a measly 1.7 million. That's the lowest it's been since... like... ever. + +&#x200B; + +Just so you know, [this happened before Lehman Bros and Behr fell too.](https://www.thebalance.com/lehman-brothers-collapse-causes-impact-4842338) + +&#x200B; + +[According to this post](https://www.reddit.com/r/Superstonk/comments/n5t2fi/disappearing_1m_volume_mystery_solved/?utm_source=share&utm_medium=web2x&context=3), the volume drop was due [to the CTA system](https://ctaplan.com/alerts#110000353886), but tbh I'm smooth brain af and Idk what that means. All I know is the numbers are wonky and me likey wonky numbers. Wonky numbers make GME go brrr. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀ohmygodwemightactuallybeclosetorocketlaunch🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +# [Also Warden brought doritos for the whole class!!](https://www.reddit.com/r/Superstonk/comments/n5me5g/the_mother_of_all_wedges_an_endgame_dd_technical/?utm_source=share&utm_medium=web2x&context=3) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 📢📢VOTEVOTEVOTEVOTEVOTEVOTEVOTE📢📢 + +As with anything, nothing changes if you don't VOTE!! + +# We can't talk about the importance of Proxy Voting without talking about Retail Shareholder Rights Expert, Carl Hagberg + +&#x200B; + +[You heard it from Dr. T: \\"Carl Hagberg is Original Gangsta'\\"!](https://preview.redd.it/wq58zyqvfex61.jpg?width=1024&format=pjpg&auto=webp&s=1cce2845e5a7ad313010f32d9ca057a070aadca7) + +# 💎 [Watch this OG Naked Short Selling documentary right heckin now](https://youtu.be/Kpyhnmd-ZbU) 💎 + +17:10 is when they start discussing Corporate Elections. But you need to watch it all. + +This documentary will help familiarize you with many of the *key* players that have been working for collective *decades* to expose and end the practice of naked short selling. Please, apes... pay homage to the apes that came before us- Like Dr. T, Carl Hagberg, Wes Christian, Darren Saunders (RIP), and more. This is the most worthy thing you could watch in your spare time right now. And it will also introduce you to the lovely, intelligent man that is Carl Hagberg, Retail Shareholder Rights Expert. + +We are so thrilled to have someone with extensive knowledge and experience with Shareholder Voting, especially before our Annual Meeting on 6/9. + +**Our AMA with Carl will be Wednesday, 05-12-2021 at 4pm Eastern. Details to come!** + +[**Upon Dr. T's recommendation, everyone needs to read this comment from Mr. Hagberg to the SEC regarding overvoting!**](https://www.sec.gov/comments/4-725/4725-4611649-176367.pdf) + +[If you are a pewdiepie fan, you have also seen Carl in this Swedish Grandpa video!](https://www.reddit.com/r/PewdiepieSubmissions/comments/kkc6k5/my_swedish_grandpa_tried_lingonberry_g_fuel_for/?utm_source=share&utm_medium=web2x&context=3) 🥰 + +# Voting + +[Oh lawd they votin](https://preview.redd.it/nii0hze4dex61.png?width=900&format=png&auto=webp&s=0369a2daf01c9d094c759e36bc407cf319b67258) + +Fidelity users, TDA, WeBull, Vanguard, Schwab, and more all reported being able to get their hands on their control number and vote as of yesterday. Feel free to drop a comment below if you have already voted and want to show that off! (I'll even give some voting flairs if you want!) + +Be sure to check your inbox and contact your broker if you have any questions. And also be sure that if you have multiple brokerages accounts, you will need to get a different control number for each one. So if you carry shares in 3 different brokerage accounts (I do, cuz I don't trust a bitch) then you will have 3 different control numbers and will be voting 3 different times. + +**Steps to Voting:** + +1. HAVE YOUR CONTROL NUMBER + +Obtained from your broker, not to be shared with anyone. This number should be confidential. + +2. INPUT THAT CONTROL NUMBER THROUGH OFFICIAL CHANNELS ONLY (THROUGH THE GAMESTOP CORPORATE SITE OR LINKS FROM YOUR BROKER). + +Do not input your control number unless you are 100% sure that the site is legit. + +3. UNDERSTAND WHO AND WHAT YOU ARE VOTING FOR. + +Take a moment to see what the board recommends you vote for if you are unsure. This community can not tell you how to vote, only you can decide that. + +4. SUBMIT YOUR BALLOT. + +5. SHARE WITH EVERYONE HOW PROUD YOU ARE TO HAVE VOTED. + +**Gamestop's Board of Directors is urging everyone to vote as soon as possible.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +🐈 **BUT PINK, WHAT IF I HAVEN'T GOTTEN MY CONTROL NUMBER YET?! 🦧** + +**Well, did you...** + +&#x200B; + +* Check your broker inbox for proxy info✔ +* Check your email✔ +* Send a message via your broker help/chat interface✔ +* Call your broker and request your control number✔ +* Look around the comments and other posts to see if any resources have been shared that might help you in your search✔ +* Check your broker's website for an FAQ- Many have a landing page with GME specific proxy info✔ + +Keep in mind some brokers just haven't issued them yet. And some are anticipating up to a week or longer wait before you can vote. Geez, it seems almost like they're having trouble finding the shares to vote or something. 🤔 + +**I can confirm that Robinhood and TDA are issuing control numbers that come up invalid when you enter them in the official Gamestop proxy website. I don't know what that means. I am still investigating why brokers seems to have their own landing page for proxy voting. Idk am not computer nerd, am just pink cat 🤷‍♀️ I can't wait to see what Carl has to say about that!!!!** + +[**More info from Euroapes trying to vote!!**](https://www.reddit.com/r/Superstonk/comments/mwpqdf/europoors_what_needs_to_be_done_to_be_able_to/?utm_source=share&utm_medium=web2x&context=3) + +[**And a report from Degiro**](https://www.reddit.com/r/DEGIRO/comments/n4kn6t/degiro_refuses_to_give_out_control_numbers_to/?utm_source=share&utm_medium=web2x&context=3) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Good Vibes from Pink Cat ☮✌💖🚀🌝🐈 + +You saw Gary Gensler's statement about social media. He actually *confirmed* the fact that there are bad actors present online trying to sway public sentiment. **FUD and shills are a real thing. The American government is acknowledging it. There wouldn't be so much attack 24/7 if we weren't on the verge of something incredible.** So I urge you to always ignore (but report) the FUD and the attacks. And continue to live by the Ape's Creed of being excellent, and ape no fight ape. Remember the squeeze will not make us better people. That starts now. + +Hopefully by now we all realize that we are in charge of defending this golden think tank that has been likened to the city of Athens. We are fostering and nurturing knowledge and growth that is going to *change the trajection of human history*. Look at the caliber of people that are coming to speak to us in our AMAs and helping us address the issues of fraud in our economic marketplace and naked short selling. **Do you think all of this progress would be happening if we were crazy? Especially happening this quickly? We did sign up for a rocket trip, after all.** 🐱‍🚀🐱‍🚀🐱‍🚀 + +**Don't gamble more than you can afford to lose. Make sure GME isn't your life plan. Eat as healthy as you can afford. Drink lots of water. Get a little sunshine every day. Hug your family, your pets, and your GME extra tight every day. And make love, not war. ✌💖🦄🐈** + +https://preview.redd.it/4kwrrkqq5ex61.png?width=554&format=png&auto=webp&s=2d8f86335bc6c7d6bfa22c46cd53ef1d130d0e52 + +**Be excellent to each other!!!** + +Be friendly, help others! + +We are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes.** + +**This helps us weed out the shills really fast, because if everyone is helpful, the ones who aren't stand out.** + +Remember the fundamentals of this company. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can. + +[It's Gary Gensler with a steel chair!!](https://preview.redd.it/2upth82j5ex61.png?width=591&format=png&auto=webp&s=4688949a968e850317aab6c956b051036ea69f57) + +# In the event of another Reddit blackout, please follow our socials on Twitter and don't forget the Superstonk Live YouTube + +[**https://twitter.com/PinkCatsOnAcid**](https://twitter.com/PinkCatsOnAcid) + +[**https://twitter.com/RedChessQueen99**](https://twitter.com/RedChessQueen99) +Do they keep much in cash? In the UK, the insured limit is £85,000, surely it's too risky to keep more than this limit in a bank, even if it is private and 'super safe'? I know Warren Buffet is said to hold a significant amount of cash but surely this isn't sitting in a savings account, no matter how high interest! + +When they put everything on their charge/credit cards, where do they take from to pay these off every month? Do they simply cash in liquid assets like bonds that are being held for this purpose? Surely selling stock, bonds or funds for a car purchase, for example, is risky as the market might be down? + +What kind of rough percentage is held in liquid assets? Bonds, savings accounts etc + +Do they use the same stockbrokers as us? + +Do they allow a financial planner to move their money around for them, leaving them to just worry about the spending? + +If anyone has any insight in to this sort of thing, I'd appreciate being enlightened! Thanks +So, I’ve had my eye on Pfizer for a few months now. They have a solid dividend, as well as an extensive pipeline. + +The stock’s performance seems to be nearly stagnant though, in fact if you’d have bought PFE back at it’s peak in 2015, you would still be at a loss today. + +As mentioned previously, the dividend is very good indeed. However, I usually wouldn’t invest in a company just for the sake of dividends, at least a bit of growth is always a good thing. + +So, for those that are in PFE for the long run, as well as those who have steered clear from them in the past, what are you reasons for doing so? +Hello everyone. Throwaway account here, hoping I can get some valuable advice regarding the situation I'm in... + +I'm 29 y/o, recently graduated from medical school 2 years ago with $450,000 in student loans from both undergrad college and med school. + +Now the way becoming a "working" physician in the US works is you apply once a year during September, interview for a couple months, then find out whether or not you got any job the following March. This is called being "matched" into a job called medical residency where you work as a junior doctor physician for 3 years inside a hospital and then you get to apply for a real doctor job thereafter. + +Unfortunately for me, I did not match into residency twice in a row. I am honestly a below average student (low grades). Upon requesting feedback from the people and directors that interviewed me, they said I was qualified, interviewed well, but my initial board scores although passing was just below average compared to everyone else. + +I decided to reapply for the next year's cycle.. During that time, I worked as an ER scribe for minimum wage and unfortunately could not save up as I was living paycheck to paycheck while paying application fees, interview costs (flights, hotel, car rentals), etc. In regard to my student loans, I applied for REPAYE and qualified for $0/month on my loans, but am still accruing an insane amount of interest each day. + +Fast forward a year, I ended up again not "matching" into a residency job again. At this point, I've almost completely given up and am seeking alternative career paths, but my parents convinced me to apply one last time. I moved back home (different state) to save on rent, sold pretty much most of my belongings, and am now unemployed. At this time I am studying for another medical board exam test that if I pass will hopefully show these hospitals that I may be qualified for their program. Most of my friends and family say that with the half million dollar debt I am in, I have no choice but to work as a physician and keep trying to land a residency job as a junior doctor... With that said, I really don't know what to do now, financially speaking. I can keep reapplying year after year but then my loans would just keep increasing. To even make a dent on them, I would have to pay over $900 a month just to cover interest costs before even scratching the actual loan borrowed. I don't even have the money to pay for the application fees and another years worth of travel expenses so much of the costs will be unfortunately covered by my parents. I feel like a huge financial burden to them and even with their help, I am not sure how I will pay for the other expenses for this year's cycle while trying to pay back the interest on my loans. + +The application season starts this September. My exam is next month in August. I will try to find a local clinical job nearby after to acquire any income, but I'm further concerned that I will never really get out of this debt and/or never become a working licensed physician. Thank you for reading, I know I probably went all over the place so if i can clarify anything, let me know. + +tl;dr $450,000 student loan debt. Medical doctor degree with no job. Living with parents. + +update 1: Oh wow, thanks for all the advice folks, I really appreciate your time. So a bit more info, I applied Internal medicine during the first cycle, then family and internal med during second cycle. I graduated from a foreign medical school which I don't think I can disclose at this time. I think that the military route isn't open for foreign medical graduates even though I'm a US citizen. Based on these replies, if the 3rd Match cycle doesn't work out, I'll attempt to transition into a government job with PSLF since that really is my only other option. With that said, I hope I didn't dissuade anyone from wanting to enter the medical field based on the situation I'm in. The majority of US-medical students match into a residency and have no problem so I believe they will be okay. + + + + + +Hi! This is a throwaway account for the reasons that will be stated below. + +For the last couple of years I've struggled wiht my mother to keep us afloat economically while my brother studies. At the start of this year, my father unfortunately passed away. Both my mother and I work minimum wage jobs, i am 25 years old and i was studying advertising but i couldn't finish my degree, so we're both working minium wages. + +In a surprising turn of events, he had a health insurance that granted us half the money for my brother and half for me. I don't know if we are allowed to discuss numbers here (If it's not correct i'll erase it) but the amount is close to a 40,000 euros. I don't know if its a big or small amount of money because it's money i've never seen. We spent 7,000 cleaning our credit card debts which i personally thought would be the wisest thing to do. I'd like to listen to some advice on what to do with this money because we are currently sitting on it and I was thinking it would be possible to turn it into passive income or something... and hopefully allow me to return back to study or at least get us into a better economical standing and we really don't wanna just burn it away. + +Any advice would be appreciated. Thanks! +Hi, I live in Poland where we recently are getting hit with increasing PLN inflation rate (some forecasts say up to 8% next year). Due to that I started wondering wouldn't it be better to receive salary in some more stable foreign currency, EUR or USD? I would keep my new savings as such since I have a reasonable PLN backup created already, and for the day-to-day expenses I could probably pay with Revolut to avoid currency conversion fee. + +Edit: + +To clarify, what actually worries me is PLN rapidly loosing value (e.g. due to reckless financial policies of our govt and tensions with EU), hence the idea to switch to foreign currency in order to free my new savings from our local economy. I labeled this general worry as inflation due to having no "financial" experience whatsoever, but I'm aware that it's likely hard to cancel out the general inflation (as in the rising cost of living) completely. + +As for the conversions: my de facto employer is an international company, while the company I technically work for is one of their vendors. Because of that, all it would take is to ask for an hourly wage in EUR instead of PLN which likely wouldn't make a difference to them. My local employer would then subtract taxes etc. (so some conversion to PLN here) and wire me the remaining EUR which I would keep in a savings account. Any subsequent conversions would happen only when I would need to pay (for which I hoped to use Revolut on the fly, I pay by card most of the time anyway). + +Regarding the investments – these things kinda scare me so far. I want as little hassle as possible to minimise the risk of losing significant part of my savings. For the same reason (plus the fact that I don't have enough) buying real estate is not an option either. +I've worked in hospitality since I was 17, doing cafe work to high-end functions, management etc in all different cities. + +I've always been employed full-time because I prefer the stability even though the pay is significantly less. + +Reading everyone's incomes has definitely made me feel more poor than what I am.. + +My last job before I went on Maternity Leave was for $20.41 an hour. I requested a pay rise due to my role was worth more than what I was being paid - and it was declined. + +I have saved enough to live without income for another 4 months (I have already had no income for 3 months after paid maternity leave has run out) + +However I need to re evaluate what to do with my life, as I simply cannot contribute within my relationship as much as I would like with such a low income. + +I don't entirely know the point of my post... but it has been weighing on my mind a lot.. and I feel stuck. + +I have tried studying, however, I simply do not have the brains. + +Unfortunately hospitality will be the road for me.. is there a way of making more money apart from stocks and investments etc? + + +*** Thank you all so much for all your suggestions, kind words and wisdom. I am truly blown away with the support and suggestions I have received. I have spent a good chunk of the afternoon weighing up my options and have started the processes of changing jobs. You're all absolute legends 🙏**** + +UPDATE - + +I have fixed up my resume and have landed two interviews already. Both for DSW work, which is something I have always wanted to do. + +Your comments have given me the push and encouragement I didnt realise that I needed, while building up my confidence. + +I could never thank you all enough. + +Sorry I haven't replied to all of you , however I see you and appreciate the help. + +Thank you all 💜 +Rough napkin math, but all things being equal which they arent.... (especially pricing...which AMD has less price, and AMD still has less operating margin than INTC) then AMD is overpriced by 2.6x based on market share alone. + +It should be a 50B company not a 129B company. + +There's no way around it that I see.... + +AMD isn't getting paid to have the coolest chip, or even the best chip....it's getting paid to have market share at a specific profit margin. + +If AMD traded places with all of INTC market share, again assuming their margins are the same, within 5 years... + +Then AMD can only deliver 6% CAGR-5yr at this price? + +Am I missing something? It's a shame to have missed the epic recovery boat from Penny stock to contender for the throne, but now that ships seems to have sailed. + +I'm tempted to buy AMD before the earnings, but based on this high valuation, I think this will be the first AMD earnings in a while that punishes AMD for its overvaluation. + +The new market ecosystem no longer rewards overvalued hopium. + +Therefore I'll probably sit out AMD earnings and watch what happens. + +But I wouldn't be surprised to see AMD reach the 90s. +25 yo first time investor here who is looking to invest in ETFs. I did some research and I just set up a new brokerage account looking to invest 50-100$ /month in VTI hoping in 30 years I can have 100-300k+ in my bank account. I chose VTI mainly because I heard it's pretty stable, has decent annual growth and has a lot of tech companies, but also has a range of different industries, which I think are a good investment. + +Anyway, to get to the point, I don't know how to start and what to do once I invest. Do I invest all my money into just one ETF or do I allocate my money into a few different ETFs like what was mentioned on a couple of posts here? + +Also, how do I invest each month? Do I blindly pool in more money no matter the price or do I only buy more when the price goes down? + +Do I invest and just forget that my ETF exists? Or are there situations I need to look out for, where I'm better off closing my trade and buying again? + +Does it matter what ETF you invest in depending on the brokerage app you're on or what country you live in? + +Do I never close my trade or withdraw some of my money until I've reached the target amount in 30-40 years? + +If someone hits for example 100k+, using his/her brokerage app, can a person withdraw all their money or it has to be gradual? Are there any paperwork involved with banks etc.? + +Do I continue to invest in only ETFs or if I make more money (salary raise etc.) would it be better to move to mutual funds? + +Should I only invest in my ETFs or can I also invest in some individual stocks if I see a potential opportunity? + +I apologize for the long post, but i'm really interested in investing for long term gains and like it says in the title, I have a lot of questions! +Fucking pumped just thinking about it. The squeeze is going to be days, if not weeks, of highs and lows. I don't think there will ever be anything like it again, enjoy every moment. It may be the most alive you feel for the rest of your life. It is definitely going to be surreal. + +At least we will have millions/billions of dollars to comfort ourselves with once it's over. Don't forget to help those in need if everything collapses afterwards. Be better than the greedy fucks the world has now. Enjoy your weekend apes! +Hi everyone. My girlfriend and I recently started investing. We read the millionaire teacher and watched Canadian in a t-shirt and started buying ETFs. Recently she invested 500 cad in unity. I thought this was not a smart move as unity has been going down quite a bit and we can't be sure where the company will be. My girlfriend being a cynic and distrustful of the whole financial system, thinks that having only 10% of her portfolio in etfs and the rest in stocks from companies she thinks will perform well is a good choice. According to her BlackRock and vanguard are very evil cpanies that already have a lot of money and can manipulate the markets as they wish. She said of these two companies decide to crash the ETFs there won't be any consequences for them. I agree with her on the fact that these two companies don't really give a shit about people and that our system is flawed. But I also think that to have a proper long term investment with minimal effort ETFs are the way to go. She said ETFs are not diverse because we are buying them from two companies. I don't know enough about investment to make a proper counter argument with facts. Help me please. Am I wrong? If I am tell me, if not, how can I actually show her with data that ETFs are as diverse as it can get and that BlackRock and vanguard cannot just fuck people over that easily. +Can you all share the best financial hack/advice you've received. I'll start, if you have any HSA eligible expense -- pay for the expense with your own money and upload the reciepts. Once your investments have grown, you can reimburse yourself back since there's no time restriction on reimbursement. Now you go! +Good Evening Apes, + +Hope all of you are getting settled in nicely here in our new sanctuary. I remind you that you all turn this place from house into a home. Let's get right into it. + +Many of you may know me from my previous posts depicting the Deep ITM calls being bought out of the PHLX exchange. Interestingly enough, for the first time since this whole thing started, no large trades of Deep ITM calls were made. + +&amp;amp;amp;#x200B; + +[GME Biggest Trades 4-5-2021](https://preview.redd.it/4u3b8lh34hr61.jpg?width=1223&amp;amp;amp;format=pjpg&amp;amp;amp;auto=webp&amp;amp;amp;s=00781c4e2b5ce033700f469af50a6a9d67d3e015) + +A smart ape named u/glide_si suggested that these large trades were often seen back to back with another duplicate trade suggesting these calls were being rapidly bought and sold. We speculated that this was one way the shorts were hiding their FTD's. With the recent addition of DTCC rule 005 (although interestingly still pending approval-but apparently may be in effect this shit is mad confusing im not a lawyer im a stonker) that from my understanding is preventing this process from happening (creation of synthetic shares) have we finally seen the end of this massive Deep ITM call buying. Hard to know what is to come as a result of this but my gut tells me the end is near. + +TL;DR: HEDGEFUNDS NO LONGER COVERING UP FTD'S WITH DEEP ITM CALLS AS OF TODAY POSSIBLY BECAUSE OF DTCC 005 + +Red crayons taste the best; change my mind. 💎🙌 + +If you wanna read through DTCC rules [https://www.dtcc.com/legal/sec-rule-filings?pgs=1](https://www.dtcc.com/legal/sec-rule-filings?pgs=1) thanks u/Darkassassin07 + +Another theory that I've been pondering: if DTCC Rule 005 isn't in effect yet could the end of these deep in the money call purchases expiring 4/16/2021 have anything to do with the heightened volatility that comes with trading short term options. Perhaps inside 10 days is the no-go zone. + +Edit: Seems to be a lot or confusion regarding whether DTCC 005 is in effect and the truth is I don’t really know. What I do know is they didn’t just stop buying these Deep ITM calls for no reason. This is significant + +I will put out another post when I get home from work tonight with today’s updates but expect it on the later side. +I'm on vacation with my dad and brothers. We ate at a McDonald's for breakfast on the way to the beach this morning. We used the self service kiosk. It took like 60 seconds for the purchase to go through, which seemed weird. + +Got to the beach, and stopped at a Subway for lunch. Card declined. + +We called the bank, and apparently the McDonald's has tried to charge my dad's card hundreds of times for the same purchase. We're at the beach now, and totally stranded because we have no money. We called the McDonald's to try and get them to restart their self service kiosk, but of course, nobody there had any idea what the fuck we were talking about. + +So we're stuck 3 hours away from home with no idea what to do. + +Edit: the issue has been resolved and the card is working!! Thanks for all your advice! + +Edit 2: I know, we should have had more than a single debit card. My dad's 56 and probably not going to change his ways because some guy on Reddit told him to. That being said, I'll definitely take note of your advice for my own personal finances once I'm a bit older. +Anyone feel like they are living a financially stable but boring life? + +I work hard, pay my mortgage, pay the bills, save for rainy day, my pension isn't big for a 30yr old but I am working on it. + +I feel like I live a boring life, mostly I work work work, barely take any holidays because A) I feel like I want to see everything but everything requires a long time off from work and B) I feel overwhelmed about holiday planning so I just kick the can down the road. + +On top of this I am constantly told about impending crisis (Brexit, rising costs etc etc) and so it makes me worry more so I save and save. + +I feel like I don't enjoy my life and day by day I am getting older. +So, we just bought our first home. We closed right at the end of the year, so we have been in the house for about six months. Yesterday a realtor came by the house while I was at work and left her business card with a note to call her. I assumed she was selling something and paid no attention. Last night see sent me a friend request on Facebook. I thought this was strange, but noticed that we did have a mutual friend, so I accepted. See sent me a PM to call her. I called her and apparently the original owners of the house would like to buy it back. This all feels very strange, but I did research the realtor and she seems to be legit. Now I am not sure what to do. What say you? + + +Edit: It is not the people that we bought it from wanting to buy it back. It is the original owners from when it was built. + +Edit: Also, they apparently put an offer in just after we got the contract on the house. The realtor mentioned that they would want the sale to be contingent on them selling there current home, which is in a very nice neighborhood. +My Binance account was hacked, all coins sold to BTC, transferred off exchange. + +My 2FA was temporarily disabled while switching phones, they got in through a trojan in a keygen from software I regretfully torrented. + +It was my whole stack ~60 ETH. + +I take full responsibility and I feel like garbage letting this happen. I starting buying in late summer 2017 and tended my coins with love every day. + +Please, if you haven't yet, even if you heard this a million times before like I have. + +Don't keep your main holdings on an exchange. + +Use 2FA, if you have to change phones like I did when my 6p bootlooped, reactivate it right away. + +Just spend the money on a hardware wallet. You're your own bank, take security seriously. + +The money was enough to set me back for years, I'm a musician and don't earn much. I shudder when I think of the hours I spent staring and caring and loving those coins. (I grew a 10k stack of LINK since Etherdelta) I never felt like I could have wealth until crypto. + +I only wish I'd taken a post like this seriously and got off the exchange or immediately reactivated 2FA (though if someone's in your email they can disable it without you knowing) + +It all happened so fast. Over a year of love and holding through this bear and it's over in an hour. My heart is broken for this loss of my crypto. + +Please let this be the post that motivates you to take security seriously so I didn't lose all that money, time, and love for nothing. Please take better care of your coins than I did. + +**edit Here's the email from Binance, I can't get to my account showing all the market sells and transfer because my account is disabled, but here's the email. [Binance email](https://i.imgur.com/nOjC0MH.png) 1.7 BTC around 3pm yesterday (the 28th) +From what I read, wealth management doesn’t beat passive index investment. So the only real reason to use them is for tax planning or estate planning? But I imaging these people with $10m+ or so net worth already use accountants and lawyers for that. So what exactly is a wealth manager providing for them if they aren’t getting a better return? Do they do something regular people can’t? + +I currently invest passively but If I ever had multiple millions to invest, I don’t see how that would change my investment strategy. Does anyone have insight on this? +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +I (M32) would like to marry my gf (F33) someday soon. + +I have weekly deductions to savings and an active 401k I started 10 years ago. I have student loans and personal bills that get paid every month. I’m financially sound. + +I just found out that my gf, who still lives elsewhere, has no long term savings plans or 401k. She has a full time salaried job. After a brief conversation, she says she’s not concerned about this type of “stuff” right now. + +I honestly don’t know how to tackle this or have future discussions with her. When is the right time to talk about this with her? And how to I tell her that it’s important to start planning now? +Just wanted to say it’s really sad to see people asking questions here about things like how do I get out of Zip debt and then getting people posting unhelpful snarky comments. We’ve all been there, we should be trying to help others out from the lessons we’ve learned. + +I know a lot of people are very helpful, but for others, think about “if you can’t say anything nice, don’t say anything at all”. Probably help in other areas of your life too. + +So thanks to everyone that makes the effort. + +Mods feel free to delete if this doesn’t meet guidelines. +I came across a comment here that public health as a field failed but I didn't find much on it after researching online. Regardless is health not a public good due to it being exclusiable and rivalous ? + +I seemed to do way better the less I knew. Like a lot better. I notice new people on here and r/options having similar success with no experience. + +So I started looking into this and I found an article from a study at Princeton where monkeys have been throwing darts at stocks on a piece of paper for the last 40 years and every year outperformed index by about 2% every year. + +Also found this video of the same kind same kind of thing where this guy spins a wheel and flips a coin to take positions and has similar results. +https://youtu.be/5L0gmU7G9tE + +So I do my research and there will be a company with a great track record, that’s undervalued, that’s just got all these new clients and contracts, and just crushed earnings by 1000% and somehow this type of investment has screwed me over every time but if I don’t think about it and just “buy the dip” on literally anything I’m making 100% gains. So do you guys honestly think there’s something to this or is it just dumb luck? +I'm thinking of going back to uni to try and get a degree that will help progress my future. I already have a bachelor's of medical science which I regret doing as I couldn't get anything out of it. + +Uni degree or not, what do you guys do and what was the pathway/how long did it take for you to break the 100k pa mark? +BK: I'm a mid-late 20s L6 SWE at a FAANG with clear path for growth into L7+. The total comp is great, the benefits are great, etc. Currently single, kids eventually but not on the near horizon. + + +I'm considering making a career pivot to a startup, potentially very early stage like seed round or series A/B. On the one hand I've heard that now is one of the least risky times in history to join a startup given the amount of funding that's being pumped into the market right now. On the other hand, I'd be going from $600k+ comp to something much lower ($250k tops?) for the foreseeable future. + + +I'm itching for something exciting, but I'm also risk averse, hence the bind. I've heard plenty of stories from friends and coworkers who've made a similar jump with no regrets. I'm curious to ask here -- does anyone have experience with leaving a cushy secure role for something much riskier and regret the move? Or if you're in the category of "it didn't pay out financially but the experience was still worth it", I'd like to hear from you! +I remember reading an old r/relationships post about a woman who was furious at her husband for his "cult like" belief in bitcoin and mocked him for thinking he was "in at the ground floor". She goes off on a diatribe and mocks him every chance he gets for his "foolish" beliefs and how he spends his money on buying and holding bitcoin... she consider any bitcoin that he holds to be "lost money". + +I actually saved this when I read it back years ago to see one day how it would age... man talk about the worlds biggest I told you so. She had zero faith and respect in her husband. I hope he has a garage full of lambos in his giant mansion. + +Here are some of the highlights snipped for your own entertainment: + +\------- + +&#x200B; + +"My husband (I'll call him John for the sake of anonymity) and I have been married for a little over 5 years now and everything has been going well up until a year or so ago. We were planning on having children and everything. Now my life feels like it is at a complete stand still." + +Skip to 2013... + +" We are both avid redditors so when we find a new subreddit that we love we get excited and start sending each other links to see if we can get the other one interested He finds out about bitcoin and is sending me links constantly about it. (r/bitcoin) It goes from "check out this cool technology" to absolute cultish behavior in a very brief period. I would say 0-100 in probably 2 months. He starts taking every dime we have and buying them as quickly as he can. **He actually set up a feature that BUYS MORE ON A WEEKLY BASIS** after our paychecks come through. The worst part is he didn't even TELL ME he did this. He gave me this arrogant response about doing what's best for us and our future kids. + +Overall, and I'm not exaggerating, I would say **we have lost over $22,000.** I kept telling him to sell as the price was rising and he promised me a big year in 2014. **The price kept falling and he CONTINUED TO BUY MORE.** He makes more money than I do but we are building a future together and we have a shared bank account. He kept telling me this was for our kids college fund, to buy a house, etc. The money...I can get over as people spend money on other stupid crap like boats they will never use but this isn't even the beginning to the absolute craziness I will see out of him over the coming year. + +My husband starts bringing up fucking bitcoin at these events. MY events for MY job. People here have a lot of money and he knows this. He saw this as some kind of opportunity. He goes on and on about how taxes are theft and bitcoin is a way out. The dollar is about to collapse, banks are destroying the world, etc. You are supposed to make light hearted jokes about how their football team is doing, not get into these political discussions. He knows this too since he's been coming to these events with me for years. + +It starts off small where I laugh it off and say "ohhhh John, he's into technology and gets a little too excited". He saw this as condescension. The car rides home? Full on fights about how **I don't get it and I'm going to be left behind.** I felt like I was fighting with some type of evangelical Christian (I have been in plenty of these growing up). He ironically rips into religion any chance he gets but he is **absolutely part of a cult full of insane people.** + +Keep in mind as this goes on he is still buying more as the **price goes down telling me we have a great opportunity on our hands**. He ignores long term trends and focuses on these specific time frames to show me how stupid I am. Yes, my husband called me STUPID over THINKING I do not understand it. + +I feel like I have read more about bitcoin than he has because he won't discuss any downsides with me. He tells me all problems will be fixed and **we are in on the ground floor**. He seems to be in a constant good news bubble about this **when no one actually cares**. Most of the responses he gets from people in public are feigned interest until they can get away from him or they just tell him they don't care if the converstaion lasts more than 2 minutes. **I am embarrassed to be around him.** + +After a **recent price crash, he actually bought more using our vacation fund** that I have been saving away for AND planning. **All gone, in bitcoin never to be seen again.** + +I am sorry for the long rant but this is my life now. I have tried everything. I have tried reasoning with him. I have tried explaining to him that he should not have sole control over our money. **He is so confident that he slyly brings up selling one of our cars to buy more**. He didn't come right out and say what it was for but I can guarantee you it was to buy more. He is ruining my job and **robbing me of happiness.** + +I used to consider him a smart guy and **I never, ever thought he would succomb to basically being brainwashed by a bunch of clueless idiots on the internet who seem to know absolutely nothing about finance or the real world (**r/bitcoin**).** I don't know how familiar people are here with bitcoin but if you go to their subreddit, you will see exactly what I'm talking about. I started crying once reading my husband's comments worded slightly differently, repeated 100 times over. It was like I married a parrot. + +What do I DO? I am not religious in any way but my family most certainly is. **I feel like I couldn't even bring up divorce and I want to save my husband.** I want him back to the way he was. It seems like he is addicted to a drug but since he doesn't realize it, everyone else is wrong. I don't know if I should have an intervention or just walk away and hope he comes to his senses when **I'm staying in a hotel for a few weeks.** + +Again, I apologize for the length but I want you to feel the way I feel so you can understand the advice you are giving. I really need help here. Thank you to anyone who even reads half of this! + +\----- + +Everyone told her to divorce him... here is the most downvoted comment with -66 downvotes: + +[\[–\]](https://www.removeddit.com/r/relationships/comments/2uovrl/me_28_f_with_my_husband_31_m_5_years_will_not/#)[**YRuafraid**](https://www.reddit.com/user/YRuafraid) **-66** **points**6 years ago + +Man I am so glad I'm not married. You're gonna want your husband when those bitcoins are worth fortunes.... hopefully HE's gonna divorce you before that because you don't deserve any of it. + +To your husband I say... keep holding those coins brother. + + +..... + +EDIT/update: Saw this was featured on Rslash youtube channel. I'm glad I was able to help spread this story. My hope is that the husband reads it and gives his side of the story and an update. I waited 6 years to post about this and never forgot her thread, lol. +The conventional wisdom in the investment world is that volatility in stocks means that the underlying security is risky. I'm going to break down this post in 3 sections (1: What is Volatility? 2: Why Investors view volatility as risk and 3: Why it isn't risk) + +**1: What is Volatility?** + +Volatility simply means changes in stock price. So a stock price that fluctuates in value a lot is a volatile stock. If you go to Yahoo Finance and look at the 52-week difference between the highest and lowest price of the company it's usually very wide. And most of the time (Not always) it has nothing to do with the real value of the business. I mean, could you imagine that in the real estate market, each year the price of a house fluctuates by more than 50% in a given year. For example, you buy a house for $1,000,000 and next month it's worth $500,000 and the month after that it's $1.5 million. It doesn't happen because there is some bipolar (no pun intended) realtor knocking on your door every 5 minutes offering you a new price. But because it's so simple to invest in stocks and there is Mr. market coming at you with different prices 7 hours a day, 5 days a week, people will naturally be drawn to speculation. + +**Why Investors view Volatility as Risk:** + +There are plenty of articles and education sources that explain that the higher the volatility, the riskier the stock. They advice to invest in dividend stocks for the sake of it, or defensive stocks since it's 'safer'. Also, a lot of investors see constant price fluctuations as a risky investment because if they buy the stock and it fluctuates downward in the near term, the investor has an 'unrealised loss in paper value' and if they were to sell it, they would lose money. A lot of investor compare a stocks volatility with the overall market by checking their BETA score. + +**Why Volatility Isn't Risk:** + +It isn't risk because changes in stock prices is simply the changes of opinions of investors in the marketplace and if a stock goes up say 5% in value on Monday and goes down 6% by Friday, then it has nothing to do with the intrinsic value of a business. If you learn the economics of the business and you find it's a good investment, and it's offered at a good price then chances are its a good investment. And as long as the underlying business characteristics are solid, you can take advantage of volatility when the market offers you more buying opportunities when the stock price goes lower. And if the stock price is lower and the business fundamentals are good, you have a margin of safety (reduced risk) and more growth (once market is more optimistic). + +This video describes it well for those who want to listen: [https://youtu.be/NROGvgwnMh4](https://youtu.be/NROGvgwnMh4) +Traditionally, real estate was always seen as one of the best kinds of investment, but imo that's largely because knowledge on stocks was much more rare, and it wasn't as easy back then, since there weren't many investing apps, higher fees, and it wasn't as easy to do. + +While there are of course still challenges and risks, there seems to be countless reasons today why stocks are now much easier and better, and barely any reasons to invest in real estate, given how expensive real estate has become right now, and this is coming from someone who's followed investing for several years now, seen multiple crashes, as well as bull markets as well. + +With stocks + +1. The barrier to entry is much less, you just need an app or computer and can do it on your spare time. +2. It's cheaper, you can start with as little as $100 to an infinite amount. Where I'm from, studio apartments go in the mid 6-figures, and even in lower costs of living area, you still need several $1000s for a down payment, on top of multiple other costs, and a stable salary to continuously pay your mortgage. +3. It's more liquid, you can sell at anytime you need, of course probably don't want to during a down market, but at least it's an option. With real estate, you could be stuck holding onto property indefinitely, and the amount of work to sell or rent out is significantly greater. +4. There is more potential and money to be made, even if playing the lower risk game, and choosing common sense FANMG stocks, many of these stocks have gone up 2-5 folds over the last several years, meanwhile you'd be hard press to ever find real estate that can go up even 2x within 5 years, if even in 10 years. +5. Much less work, at least compared to real estate, where you have to physically manage, deal with tenants, work on the legal side, and all the other hassles that can happen running a property. + +I could see it being different before this era, when it was much cheaper, but it seems like today, stocks are significantly more accessible, liquid, much less work, and have a higher potential to make even more money from too, so is there really any point investing in real estate today, aside from the actual property you have to live in? +I live in my primary residence right now. It would be a great rental, if I refinanced with the current low rates which would drop my payment $200 a month. + +... After I do this however, I'd want to immediately rent it out and purchase a new primary for myself to live in. + +I do not want to live in it for another 12 months. + +If I refinance my current primary (as a primary), immediately rent it out, and then purchase a new home 1 month later... Will I be able to find lenders that allow me to do this? +*****shoot me a DM if anything below needs updating***** + + +IEX was brought up on several posts last week or the week before but the topic faded very fast. If this helps push price up even a tiny bit this topic needs to be resurrected because it might be one of the only ways to counteract buys being diverted into dark pools. + +The IEX exchange was setup to protect retail investors and was fought heavily by hedge funds when it was established (I wonder why). You may need to go into your account settings to be able to select IEX vs the default which would be called something like "smart exchange" AKA KG keeps your buy from helping to push the price up. + +&amp;#x200B; + +Below is an example from TDA of what you want selected and how to set it up explained in another post: + +[TDA HOW TO IEX](https://www.reddit.com/r/Superstonk/comments/mq8opq/how_to_use_investors_exchange_iex_with_td/?utm_source=share&amp;utm_medium=web2x&amp;context=3) + +https://preview.redd.it/901cvsqjalu61.png?width=733&amp;format=png&amp;auto=webp&amp;s=369701124ab0faa231693eb91e16f1b2aeb07fb5 + +&amp;#x200B; + +If others comment for other brokers I will add to the post + +&amp;#x200B; +_________________________________________________________________________ + +EDIT 1: A great post on IEX [IEX OVERVIEW](https://www.reddit.com/r/Superstonk/comments/mqb42g/i_know_a_lot_about_iex_let_me_explain_to_you/?utm_source=share&amp;utm_medium=web2x&amp;context=3) written by u/Rs_Spacers + +EDIT 2: This is an opinion on buying stock only and not for selling. +_________________________________________________________________________ + +Edit 3: Cool video posted by u/WarioFangirl68 \- [Video](https://www.youtube.com/watch?v=d8BcCLLX4N4) +_________________________________________________________________________ + +Edit 4: Fidelity post added by u/lucioghosty in the comments below [Fidelity Info](https://www.reddit.com/r/Superstonk/comments/mq7l4h/fidelity_users_you_can_manually_route_your_trades/) + +&amp;#x200B; + +Expanding on Fidelity with a post made by Fidelity: + +Hi u/AllCredits, directed trading is available using our Active Trader Pro (ATP) software (which is free to use for all clients of Fidelity). While IEX currently is not available for directed trading, we do offer order routing to many different exchanges in ATP. The directed trading feature can be accessed in ATP by going to the menu for “Trade &amp; Orders” then selecting “Directed Trade &amp; Extended Hours.” Please visit Fidelity.com to learn more about how Fidelity manages order flow and trade execution quality to save you money. +_________________________________________________________________________ + +Edit 5: Wealth Simple Trading Broker 🇨🇦: https://www.reddit.com/r/Superstonk/comments/ms8q2w/apes_using_wealth_simple_trading_broker_here_is/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf +_________________________________________________________________________ + +Edit 6: I’ve seen posts about apes attempting to route via IEX but the trade ends up running through citadel. I share the opinion this Is because Citadel has the only GME liquidity left in the market with their counterfeit shares so when your broker tries to execute IEX if it cant it defaults to most favorable option. By routing via IEX even if it does go Citadels way for the liquidity reason it should still help by forcing the buys to go through something other than dark pools. This means it’s at least being counted towards volume and buy pressure. I need someone smarter to validate this thinking. +_________________________________________________________________________ + +Edit 7: degiro + _________________________________________________________________________ +https://www.reddit.com/r/DEGIRO/comments/mrb1y4/possible_to_route_trades_over_iex_with_degiro/gul89fc/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf&amp;context=3 + +Edit 8: IEX was created to mitigate the advantage HFT gives hedge funds. Read or watch flash boys for an Ape friendly summary of the birth of IEX. https://en.m.wikipedia.org/wiki/Flash_Boys +_________________________________________________________________________ + +Edit 9: https://iextrading.com/trading/#members +IEX Supported Brokerage Member list +_________________________________________________________________________ + +Edit 10: sounds like interactive brokers allows you to select routing to IEX. I am still digging of Schwab - trying to see if their TDA connection opens it up +_________________________________________________________________________ + +Edit 11: WEALTHSIMPLE - Response u/-CasaNova- received from their support team: + +Hi *******, + +Hope you are doing well and thank you for reaching out! + +Unfortunately you do not have an option to change the routing method of your orders, however I have forwarded this feedback to our team for more visibility! + +If there's anything else I can help you with please reach out and enjoy the rest of your day! + +_________________________________________________________________________ + +Edit 12 - REVOLUT - Not currently supporting IEX - Confirmed ny u/gme2uranus +_____________________________________________________________________ + +This is not financial advice. Do your homework on the exchange you trade through. This is just one apes opinion. I am not a financial advisor. +Hello everyone, I'm 24 years old and since March I am self employed and do a rather niche work. I produce 3D Models and sell those on Gumroad and Pixiv Booth, they're mostly of pornographic nature and sell very well. Obviously some months can be better than others but it seems to be consistently at around 15.000€, aside from a single Month where I did absolutely nothing where it dropped down to 7000€. + +I live in germany and I don't really know how to invest money at all. I pay 915€ per month for rent and will most likely have to pay around 300€ for electricity per month. The tax rate for my income is 42% here and I also pay an additional 903€ monthly for healthcare. + +I flat out save 50% of all my income for tax and from that around 2500€ go away for electricity, rent, healthcare which would leave me with around 4000-4500€ to live with. Obviously I won't need that much to live so I'd love to hear about opinions in what I should do with it to ensure a cozy life. I'll post this question on another subreddit too to get more opinions + + +EDIT: Due to the insane interest in what I do, please check out [https://booth.pm/en](https://booth.pm/en) . This isn't my page, it's just a platform I sell on, it's nothing special but a rather niche market which involves many steps of knowledge in softwares like Unity, Blender, ZBrush, Marvelous Designer. +So yesterday I posted about **FINRA ADF** showing up as the primary exchange for GME trades over the past 6 trading days (and likely much longer). The thing is, FINRA ADF is not currently in operation... + +[https://www.reddit.com/r/Superstonk/comments/muzj4o/finra\_webmaster\_no\_brokerdealers\_currently\_using/](https://www.reddit.com/r/Superstonk/comments/muzj4o/finra_webmaster_no_brokerdealers_currently_using/) + +u/koreanjc had a great post about this a little over a week ago [FADF - A Dark Pool](https://www.reddit.com/r/Superstonk/comments/mpebkz/sells_through_the_major_exchanges_buys_through/) + +While looking into this, I realized that the GME Bloomberg Terminal data is missing between 31.4% and 38.9% of GME daily trading volume from 4/13 - 4/20. + +That's **19,411,389 missing bananas** over just 6 trading days. Only 70 million GME-issued bananas are supposed to exist... + +If you add up the **total missing volume** \+ **ADF volume**, you will see that **over 69%** of GME bananas are being reported as trading off exchange (FINRA ADF, which is reportedly not in operation - again see my post from yesterday), or completely missing (a deeper, darker pool that even Bloomberg can't see?). + +**40,126,778 GME bananas** were traded over 6 days, and even Bloomberg, which costs $24,000/year, has no idea where they are. + +I'm not a finance guy, or a stock guy - I'm an ape. I can't really do math, but luckily Excel does the math for me. + +I don't play options, but if I had call options for 4/16 or 4/23, which are each worth thousands and thousands of dollars, I would certainly want to know what unknown entity is keeping the price of GME at this $160 threshold by hiding **40,126,778 bananas** from making their way to the exchanges. + +&#x200B; + +**TLDR** \- each day, over **69%** of GME bananas are either missing, or being routed through "**FINRA ADF**", which is not currently operating. Someone is hiding your GME bananas to artificially manipulate the GME stock price from mooning. The rocket is fueled for take-off. Can anyone find out what is going on with the missing bananas? + +&#x200B; + +[Data from Bloomberg vs Actual Daily Volume. So many missing bananas...](https://preview.redd.it/l99esaqx6ku61.png?width=1202&format=png&auto=webp&s=ae83b5e7419aee5d21c56d1b9097547256292c66) + +[Missing bananas? 3\/24 Tweet from DFV \(sorry for the Play icon\)](https://preview.redd.it/ngb10due3ju61.png?width=572&format=png&auto=webp&s=7bf37a2fcedac225ed3f4ad85a4e53cf4d6c5a5e) + +[DFV Tweet](https://twitter.com/TheRoaringKitty/status/1374710669321379846?s=20) from 3/24 + +&#x200B; + +[4\/22 will be Wild after green reversal?? Had to include it...](https://preview.redd.it/eu1jd5kt3ju61.png?width=115&format=png&auto=webp&s=826018eb1c3d7ddd74c1491f42479092c12b4faa) + +[DFV Tweet](https://twitter.com/TheRoaringKitty/status/1380611475757236226?s=20) from 4/9 + +&#x200B; + +Thanks again to u/Ravada for the daily Bloomberg Terminal drops. All Bloomberg images were taken from his posts. + +**Bloomberg Data** (just look at the middle of the screen for FINRA ADF and Total Volume): + +[4\/20 - 1,802,127 missing bananas + 1,431,221 through ADF = 69.4&#37; of daily volume](https://preview.redd.it/sx63arftyiu61.png?width=1914&format=png&auto=webp&s=0076326f40b790d15864bcde4fb70799d179e3cc) + +[4\/19 - 3,900,530 missing bananas + 3,425,731 through ADF = 69.6&#37; of daily volume](https://preview.redd.it/8gx474l8ziu61.png?width=1917&format=png&auto=webp&s=e2a935951a7279fd3766248c36c2ffb6e8bc641c) + +[4\/16 - 2,031,239 missing bananas + 1,783,408 through ADF = 73.1&#37; daily volume](https://preview.redd.it/ep3s2xwgziu61.png?width=1916&format=png&auto=webp&s=7b0689af51c054df7604bde3091433c46df61788) + +[4\/15 - 2,640,551 missing bananas + 2,935,255 through ADF = 70.9&#37; daily volume](https://preview.redd.it/ai2hd7zpziu61.png?width=1917&format=png&auto=webp&s=97d05ee07b8b58bda58c9dda363e94890d55f801) + +[4\/14 - 6,641,202 missing bananas + 8,792,903 through ADF = 73.0&#37; daily volume](https://preview.redd.it/thtw1hjxziu61.png?width=1918&format=png&auto=webp&s=2b9464859b6c8c64c63ab270e095145ac659bffd) + +[4\/13 - 2,395,740 missing bananas + 2,346,871 through ADF = 69.6&#37; daily volume](https://preview.redd.it/vmyusr240ju61.png?width=1918&format=png&auto=webp&s=5f0ee235649298692a0f7f4b440ed350e3855739) + +**Edit 1**: Daily GME Volume + +[Source: nasdaq.com. Why is the actual daily volume so much different than reported Bloomberg volume? Where are the missing bananas?](https://preview.redd.it/xmdt1gno6ju61.png?width=678&format=png&auto=webp&s=7c721c4ce442ca8d63f34c498a67b2109de57373) + +**Edit 2**: Edited the Excel sheet to reflect the Nasdaq daily volume (I had used a different source, which had slightly different Total Volume data). + +The total missing bananas **increased** from 19,285,389 to **19,411,389**. Also edited the missing banana data for each Bloomberg terminal to reflect Nasdaq. Thanks u/2008UniGrad + +&#x200B; + +**Edit 3**: Added Bloomberg Terminal from 4/21 (below) and added updated Excel sheet to reflect 4/21 data (also below). Updated total missing bananas to reflect 4/21 data. + +**Total missing bananas** for last 7 trading days = **20,798,855 bananas** + +**Total missing bananas** \+ **ADF** for last 7 trading days = **42,644,089 bananas** + +[4\/21 - 1,387,466 missing bananas + 1,129,845 through ADF = 66.5&#37; daily volume](https://preview.redd.it/df9izysqdlu61.png?width=1915&format=png&auto=webp&s=a5960f70a1fa3f1f1af5c7e8f0fc20c084083241) + +[Data from Bloomberg vs Actual Daily Volume. Added 4\/21 data to running total from last 7 trading days.](https://preview.redd.it/d5x9s2haflu61.png?width=1198&format=png&auto=webp&s=bb42fd8003b3e1f93080a461520aeb11f55beeca) +Ape first, mod second. + +You know what that is? + +It's our motto as mods of this subreddit. Everything done the past week showed that the decisions made were mod first, ape second. So I'm resigning, as I disagree with the action and inaction taken. + +**Why the AMA?** I thought it’d be kinda fun and light-hearted, given my time on the Superstonk Youtube asking your questions to our various guests, I wanted to know what it’s like being on the other side! + +I feel like you all should have a fair chance to ask my opinion, and to give you the reassurance that there are plenty of mods on the team who share the same sentiment as you all regarding what actions should have been taken. + +I look forward to continuing to write DD and enjoying shitposts 💎🙌. Hopefully, this drama dissipates by market open tomorrow and we can get back to posting buildings with lights on. + +Note: This is not me going rogue, had a chat with u/Bye_Triangle to let him know I’d post this and we’re all good. + +**Edit 6:05pm AEST:** Just making dinner (Recipe for reference, tastes so good [https://www.bonappetit.com/recipe/tomato-and-parmesan-risotto](https://www.bonappetit.com/recipe/tomato-and-parmesan-risotto)) keep asking away and I'll answer once I'm done cooking and eating 🙏 +I already know I'll get some heat for this but I think it needs to be addressed. + +A lot of "wheelers" in this sub are following the 30-45 DTE, 30 delta, close @ 21 DTE or 50% profit strategy for wheel, **which works fine**. The problem is, this strategy is **NOT** designed for wheel. Why is that? + +The wheel strategy by definition is selling CSP on a stock you **DO NOT** mind being assigned on. Ideally, these puts expire worthless. But you are willing to hold the shares if assigned. Then sell CC at or above the cost basis of your newly acquired shares until you are assigned on the calls. Then repeat. + +Now lets look at the 30-45 DTE, 30 delta, close @ 21 DTE or 50% profit strategy. We sell a far away expiration to take advantage of the extra premium. This increases our breakeven window and gives us more time for the stock to move in our favor. We sell at 30 delta because, according to lots of analysis, this is the best delta for risk/reward. A 70% chance the option is OTM on expiration day and pays a decent amount of premium. + +We close at 50% profit simply because that is an acceptable profit and we do not wish to keep the position open due to fear of assignment. Or, we close at 21 DTE because after that, gamma starts to increase rapidly and indirectly affects assignment risk because a negative move against us makes it harder to manage our position. This is known as gamma risk. Gamma is simply the amount that delta changes given a $1 move in the underlying. + +**EDIT:** “Closing short positions at 50% profit has been shown to increase the probability of profit and overall P&L compared to holding to expiration when backtested by tastytrade, that’s why people do it” **Thank you u/petriefly42 for the correction** + +Lets use selling CSP as an example. If gamma is high and the stock starts falling, causing the stock to drop multiple dollars, delta will be extremely high, making it more expensive to "buy to close" your position. You may be influenced to hold out and wait for the stock to recover than take a massive loss buying your puts back, indirectly affecting assignment risk. + +But wait, if you're wheeling, assignment does not matter. This strategy does not make sense for wheel because it is a strategy that is designed to avoid assignment. This strategy makes a lot of sense for someone selling CSP, but actively trying to avoid assignment. **That is not wheel**. + +**This is why I suggest wheelers sell weeklies @ 20 delta**. Let me break it down for you. + +Selling weeklies gives you more premium than monthlies if you take the monthly premium and divide it by 4. On top of that, weeklies compound 4x as fast as monthlies, which makes a **massive** difference in the long run. + +Weeklies have a lower total premium though compared to monthlies, so the breakeven window is significantly smaller and you have less time for the stock to move in your favor. To counter this, I suggest selling at 20 delta. This improves your breakeven compared to selling at 30 delta and while you still have less time for your stock to move in your favor, your strike is lower so it has to move against you much more than a 30 delta strike. + +Since we are wheeling, that means we have picked a stock that we are confident in holding shares of and **WILL NOT** "buy to close" our positions for a loss in fear of being assigned. We will hold until they are worthless and only close out positions when they are worth 0.01 so we can free our collateral and sell again for extra time value. + +Seems to make sense right? Lets look at a real life example. I'll use SPY for this demonstration. Obviously, I'm making this post on Tuesday so these won't actually be "true" weeklies and monthlies since there's an extra 3 days but that's constant for both weeklies and monthlies, so in terms of comparison, it is still accurate. + +**SPY 356p 12/11** = **Premium:** 1.42 **Delta:** .2026 **Breakeven**: 354.58 **Return:** 0.398% + +**SPY 353p 1/15** = **Premium:** 5.89 **Delta:** .3078 **Breakeven:** 347.11 **Return:** 1.66% / 6 = 0.276% + +**EDIT:** The 45 DTE @ 30 delta strategy might actually work better in specific cases. For example, 50% profit of 1.66% = 0.83%. Lets say our option makes a 50% profit in the first week and we close out. That is a 0.83% weekly return. But if it takes 2 weeks to close, that is 0.415% weekly return. Finally, if it takes 3 weeks to close, it would be a 0.276% weekly return, and the weekly @ 20 delta strategy finally wins. **Thank you** u/validscramble **and** u/Yumewomiteru **for making this point.** + +So, what did we learn? Selling a weekly @ 20 delta had a worst breakeven, but a better return. I compared it to a 45 DTE instead of 30 DTE for this example because 45 DTE gives more premium due to a longer expiration. As we discovered via feedback, the 45 DTE @ 30 delta, buy back at 50% profit strategy actually BEATS the weekly @ 20 delta IF the option has made a profit of 50% in the first two weeks. + +My theory is that I do not want to be in a position for more than a week. Think about it. Assuming we sell the 45 DTE and do not plan on buying back our options, we are keeping our position open for 1.5 months. A lot can happen to a stock in 1.5 months. Yes, our breakeven is better, it should be! We are exposing our self to the market for much longer, giving the stock more time to move against us. In return for this risk, our breakeven is lower and total premium is higher. + +This is why selling weeklies @ 20 delta is actually **LESS** risky, in my opinion. And we get a much better return. + +Well, that's all I've got boys. Cheers. + +TLDR: You should really read this if you're in the group I'm talking about + +**EDIT: I fucked up the math big time. 45 DTE return needs to be divided by 6, not 4, to put it in weekly terms. I went brain dead. It has been updated. Thank you** u/validscramble **for pointing this out!** +(28M) I have a question whether it makes sense to buy a home that’s worth 620k. I currently make 160k a year and have 200k invested in 401k, stocks, a bit of cash and crypto. I have no debts and live frugally (no kids), currently saving 60% of my monthly income. Is this plan attainable? Do you recommend a cheaper home or smaller home to start? What would you do differently? This home is in a very desirable place to live close to a lake mountains, climbing, hiking etc. +I have no clue when the “bottom” of this crash will be, but I’ve seen a lot of people saying “it’s still got a lot further to fall” for reasons such as unemployment rates are going to go up, supply will go down, companies are going out of business and so on. All of these events are certainly correct, however that is not how the stock market works. The markets to not necessarily react to events on time. The markets started their rebound from the financial crisis in March 2009, despite economic data continuing to get worse for months after that point. Investors anticipate events in the future and sometimes react accordingly. Other times they don’t. Nobody can predict a market bottom, nobody knows when it will be. +Monthly investment amount : 1lakh. + +Goal : Daughter education after 20 years and retirement after 30 years. + +Loans : nil + +Existing investments : Some amount in Bank and postoffice FD. One house with previous savings. + +Plan : Start with 20K in gold bond, 40 k in mutual fund SIP with good return, 40 k in nifty 50 SIP. I plan to FD other sources of income. So there would be diversification. + +Misc: Have good health and death insurance from work. Don't plan any additional insurances. + + +Questions : + +Does it sound logical or stupid? + +Is zerodha enough? + +How does Nifty 50 index work. I am confused by that and ETF? + +**Any advice you can give? Have no one to talk through or help** + +Lesson learnt after 7 years: + +Investing in house for renting was a very bad idea. +Someone had to do it. Share tears here with our brothers and sisters regarding the devastating losses and release your inner pain. + +Also, my friend is asking if they should just buy double what they sold today at open tomorrow to cover +The true DeFi technology of the future. You literally grow your portfolio just by holding AERDROP. This team is about to change the whole game and no one is seeing it coming. Be one of the chosen few to get in on this at the beginning. + +Weekly Clubhouse Hangouts + +[https://www.joinclubhouse.com/join/UrconduitPresents/w7id3qOF/PA3Oa8zO](https://www.joinclubhouse.com/join/UrconduitPresents/w7id3qOF/PA3Oa8zO) + +Succesful \~20k in 3rd Party Token Aerdrops to holders. Get this coin right now and grow your portfolio! + +Weedshare + +Skynet + +Chuck Norris Roundhouse + +Clearmoon + +Check out more info on everyone right here: + +[https://www.aerdrop.finance/](https://www.aerdrop.finance/) + +CMC Listing Launched minutes ago: + +[https://coinmarketcap.com/currencies/aerdrop/](https://coinmarketcap.com/currencies/aerdrop/) + +COINGECKO Listing Approved! + +AMA with Holders and interested investors this weekend went amazing. Lots of confidence behind the community. Come and join the most welcoming family on Tele. Read it here: + +[https://www.reddit.com/r/AerdropOfficial/comments/ncpy61/ama\_05142021/](https://www.reddit.com/r/AerdropOfficial/comments/ncpy61/ama_05142021/) + +Why does our team HODL through the storm? + +AERDROPS + +Our Aerfam receive sizeable airdrops at our milestones (next one is at 5k holders, less than 900 holders away!) + +AERSTATION LAUNCH + +What is AERSTATION you ask? + +Aerdrop partners with new coins launching in to the BSC space, support them through launch, offer credibility by verifying the legitimacy of their project AND offer instant exposure to their large existing community of passionate hodlers. + +&#x200B; + +AER holders receive a share of these 3rd party coins via AERdrops, which are being weighted relative to their AER holdings AND will be given the opportunity to become long term investors in a wide variety of exciting crypto projects from launch. + +This is a win / win situation, the partner coin gets instant credibility for their project, cross marketing opportunities and access to a large pool of crypto savvy investors. AER holders get early access to promising crypto projects at the ground level, FREE AERdropped coins AND the opportunity to choose to be part of many new community projects as they grow!! + +Telegram: [https://t.me/aerdropofficial](https://t.me/aerdropofficial) + +COMMUNITY + +People come for the Aerdrops and stay for our amazing community! We know each other by screen name. We pump build each other up, laugh, joke, and work hard to make our project even stronger. In fact, why don’t you check out one of our holders amazing videos? : link to stevens vid + +So many other coins have reached millions/billions in market cap and have been totally useless. We are looking to provide REAL utility with a use-case never seen before in DeFi! + +&#x200B; + +Okay this sounds Unreal, any other good news?! 📰 👌 + +The good news on this one is that the majority of positive catalysts for this project haven’t even happened yet. + +4 parter Aerdrops complete for 20k✅ + +CG – Approved ✅ [https://www.coingecko.com/en/coins/aerdrop](https://www.coingecko.com/en/coins/aerdrop) + +CMC listings Approved - ✅ [https://coinmarketcap.com/currencies/aerdrop/](https://coinmarketcap.com/currencies/aerdrop/) + +Audit - ✅ Ongoing + +Detailed white paper - ✅ A living document, passionately written by the team of developers + +Dev doxxing - ✅ Scheduled for a 75M market cap milestone + +Aerstation platform - ✅ Bespoke platform currently under construction + +Exchange listings - ✅ Uniswap listing in the works +Hi reddit, just dropping this to see what everyones thought are on buy to let investing in the UK at the moment. Is it dead? Or is there still a market for it? + +Personally I feel like property prices keep rising while rent not as much, which leaves you a small margin after the mortgage and all other expenses. + +Would be interesting to hear some thoughts. +Since I am into digital marketing, I often use Paypal to pay foreign writers and editors. I have been using Paypal for a very long time, it's quick and vastly accessible to all. But as you may be aware of, they charge some 4% for a transaction, which is quite a lot! + +I make frequent payment varies from $30 to $300. Does anyone know any cost-effective alternative where I could direct bank transfer to an individual living in the U.S by their account no and SWIFT code? Maybe using some third part but with less transaction charges? +I have been putting away money into the stock market for the last year and a half and so far I've been pretty happy with the results. I was thinking about getting into crypto as well a year ago and was told it isn't a good idea and it's all speculation and is a trend that will die off. What are your guys thoughts? I never pulled the pin, but I'd also kick myself in the ass if I never got into it and made money. Ben Felix on YouTube flat out said he will not put his money into crypto. +[https://www.barrons.com/articles/warren-buffetts-berkshire-can-acquire-nearly-a-25-of-bank-of-america-51596231422?mod=hp\_DAY\_4](https://www.barrons.com/articles/warren-buffetts-berkshire-can-acquire-nearly-a-25-of-bank-of-america-51596231422?mod=hp_DAY_4) + +&#x200B; + +So he's definitely going to buy 25% of Bank of America is what I just gathered from this. He can get away with not being a bank holding company now with special permission. +Hello, I'm in a bit of a pickle. I only have a couple rental properties and this one is the first one in this particular city. Getting to the point, I purchased this SFH a year ago from another LLC that was renting it since 2016. I assumed everything would be good-to-go since they are a well-known rental company. Fast-forward and the city inspected the property and said the downstairs bathroom was installed without permit. I had my realtor pull a photo from 1995, when the house was sold to the second owner, showing the downstairs bathroom was there and it looked like it had fixtures from the 80s. I then asked the city to show me their previous inspections. They inspected it several times from 2016-2021 and not once mentioned the bathroom needing to come out. The bathroom has a 4" increase to the floor height making the ceiling height a couple inches under code. It also has a breaker panel in it. Both of these things show in the picture in 1995. It's since been sold 5 times as well. If I remove the bathroom, my mortgage states that I have to immediately repay. I have tenants moving in in a couple days as well and they expect it to have a downstairs bathroom. This should have been caught in previous inspections, but wasn't, I feel like the city is playing favorites depending on landlord. What options do I have? + +Edit: Thank you for all of the helpful comments! I'm working on some next steps and will update this with what the final outcome is. +I messed up pretty bad, I started using the pay day advance apps like earnin and Dave, I thought they would be helpful in getting bills and stuff taken care of. Well now I am stuck in the cycle. + +I got paid last Wednesday and 75 percent of my paycheck went to paying them back and the last bit went to other bills. So I was forced to use them again as a means to buy food and stuff. + +I feel trapped and don’t know how to break the cycle this is only the second pay period and I already see the pattern of how they operate. I thought about taking out one big loan but I have no credit and can’t get approved. + +I don’t know what to do. Any advice is welcome, please don’t be mean I know I’m dumb. + + +Edit: numbers: I am currently wrapped up in about 600$ in payday loans. My average paycheck is anywhere from 7-800$. I get paid every two weeks my phone bill hits tomorrow and will send my bank account negative until next Wednesday. +Ive been putting money in the markets over the past year and it’s been going great recently.. though a little too great. Also, everywhere I turn, people are talking investments and stock-market, from the business owner to the hardware store clerk to the hairdresser. + +Reminds me of the anecdote of JFK’s dad, who decided to short all his stocks after getting stock market advice from a shoeshine boy. + +There’s a trend growing, maybe driven by the Covid-induced boredom and savings. Feels like things are going to pop.. + +Are any of you cashing out to wait for the windfall, or are you instead doubling down? Just curious. Gut feeling tells me to cash out, but excitement is trying to convince me to keep going +My son is returning home from uni & starts work in his new career in September. + +My wife wants to charge him rent and secretly put that in an account for when he moves out as a surprise. + +I am not so sure, so suggested he lives rent free so he knows what money he has. + +Anyone have any experience of this first world problem? + +Thanks +I didn't spend 6 months of my life, the last two riddled with death threats, shill buyout offers, and carpal tunnel, to watch this shit happen. After my account was hacked and deleted, I took a few days off, and this is what I come back to? + +You're better than this. Anyone screaming back and forth about the importance or likelihood of a fake squeeze may not be a shill, but they certainly aren't being productive. You know the play. Buy and hold until you see a number you can't even fathom. Then keep holding til your heart gives out. + +Could they, against all rhyme or reason, try to pull out all the stops for one last bamboozle? Sure. Maybe. Who fucking cares? Such activity shouldn't even be triggering your price alerts. Straight up DOES. NOT. FUCKING. MATTER. + +I've seen some utterly absurd shit make it to the front page recently, but multiple posts about this takes the cake. At least some of the others had the decency to posit "scary" (albeit laughably erroneous) sentiments. You shouldn't waste an ounce of energy or concern about anything that doesn't materially change the dynamics of the MOASS, especially if it appears to be sowing division. If anything arises that does, you'll know very quickly. + +TLDR: I truly believe most apes know this by heart, but for anyone looking for a little extra confirmation bias before this jumps off, I'll always be your guy, no matter how many accounts it takes. You are the best of what this world has to offer. Live to up that. Ain't shit changed. Ape no fight ape. Buy and HODL. See you in interstellar space. + +🙌💎🚀❤ + +-Broviet (check post history for verification from jsmar18 if wanted) +Always save a copy of your position's job posting and your employer's offer letter. + + +This way, you can reference this when you go above and beyond your listed duties and point out to your employer why you deserve a raise. Or, if the job posting of what became your position listed a ballpark salary estimate that's way below what you're currently making, use that as leverage, too. + + +This post is brought to you by someone who obsessively deletes emails and now trying negotiating a raise. + My cousin recently became a financial planner and is trying to build his clientele. He asked to have phone call with my husband and I to "tell us a little bit about what he does". Even though I knew we didn't need a financial planner I agreed to set up a call with him just because I thought it would be helping him out to have something on his work schedule. I figured I would give him the opportunity to tell us about what he does and then we would politely tell him no thank you. Well we had the meeting and he immediately started digging into our financial history, asking us how much income we make, what are assets are, asking our long term and short term goals, etc. leaving no opportunity to tell him we are not interested. He then set up our second meeting with him. This completely caught us off guard and I thought it was pushy and rude. Is this normal for financial planners? +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Thank you in advance for your participation. Enjoy! + +A few reasons to not invest in Tezos. Take this as you will, but I figured I'd share some the results of my investigations. + +1. The uncapped ICO will continue for up to two weeks, and they will sell off the tokens they are getting DURING THE ICO ITSELF. I don't think anyone has had the unmitigated nerve to do such a thing yet. They will dump any ETH they get immediately, or perhaps wait and do so all at once, doing anything they can to hurt ETH. They talk a lot of smack on their slack channel and see ETH as their main competitor. They also will purposely give you slightly less tokens for your ETH than for your BTC... again, just because. +2. The only actual advantage they offer is that of formal verification to make sure smart contracts work the way they are supposed to. Note that Vitalik once tweeted that the vast majority of bugs in smart contracts wouldn't be solved by formal verification. The bugs are more often from unintended consequences of the contracts, not flaws in the contracts themselves. +3. As we've seen the past week, the #1 issue for blockchains, and for ethereum, is scaling. And guess what. Tezos has no scaling plan. No I mean literally. They have a bit of hand waving about improving zero-proof technology, but they have NO specified plan for it. The only ACTUAL scaling solution they propose is slightly larger blocks and... oh yeah saying that computers will get faster. And that stuff can be done off chain. What? That's not a scaling plan. + +So we have a case of an ethereum imitator with a totally different codebase that developers will have to learn that no one knows and with a worse roadmap for dealing with the real issues, and whose creators are very open about the fact that it will make them multimillionaires overnight. Literally overnight as they are selling AS the money comes in. +Hello all, + +This Megathread is to be a resource for apes to have a direct link to the SEC Report as to cut down on spam in /New. The direct link to the report can be found below as well as the SEC website link that leads to the pdf. + +https://www.sec.gov/news/press-release/2021-212 + +https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf + +All talk of the report does not have to be kept to this megathread, but future posts containing only the link to the report will be removed in the near future. + +Edit 1: +JUST A REMINDER, NO BRIGADING. We will issue bans for those who are found to be doing this. + +As always this is a temporary sticky, and a link to Doom's Computershare Guide can be found below. + +https://old.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/ +**TA;DR: Computer man makes computer translate Hedgie speak. Look at pretty graphs with Emojis.** + +**TL;DR: I made a python script that summarizes and translates market maker signals into English. I made graphs of what today looked like.** + +# 0. Intro + +Market maker signals have been talked about before, and had the kinda "trust me bro" vibe, so i set out to test if the thesis was true. + +Not all apes have access to the L2 data, and it can be cluttered to look at and translate. Well these signals are made by a computer so it is only natural a computer would be the best one to translate it to human. + +I made a script in Python that gets data from Webull (Level 2 and trades) it then looks for known signals, logs them and prints them to the terminal. + +At first I just streamed it so you could see it "real-time" to Youtube (Here is today [https://www.youtube.com/watch?v=BV4dzS4Qfks](https://www.youtube.com/watch?v=BV4dzS4Qfks)), someone on twatter suggested I log them and post the results here. + +# 1. The signals and their meaning + +[https://otc.financial/list-of-market-maker-signals/](https://otc.financial/list-of-market-maker-signals/) + +https://preview.redd.it/1py1rd0tbku81.png?width=742&format=png&auto=webp&s=1780559f0710b7df96dfa60947992a8cc7e14b22 + +I have the L2 data laid out like this: + +https://preview.redd.it/yfxi0bcceku81.png?width=640&format=png&auto=webp&s=566e6a9871d6e742d4c8af524725780c310de46c + +They update live, and change periodically through out the day. When there is a run you usually see 700's(move the price up) and then 1000's(Don't let it run) when they want to kill it. + +Above that I have the trades coming in and they are translated into English, whenever they send a 600 signal(Apply resistance at ASK) the price usually doesn't rise above/below that. + +https://preview.redd.it/ewkflgitfku81.png?width=636&format=png&auto=webp&s=f09cd2475b13732637df02fba59729da50ace6a3 + +Most of the time it is just 100's(I need shares also a standard lot) and 200's (I badly need shares) so I don't log these because they always need shares. + +# 2. The graph + +I used the trades I had logged and plotly to make a nice graph, x is time, y is price, the candles are 1m. I did not include all the signals in the graphs below to keep this from getting too long. I apologize that some signals are hard to see, i am a programmer not a designer. + +The nice thing about plotly is that you can export it as an HTML file and host it somewhere, sorry the link looks shady but it is intractable [https://csb-81vzf0.netlify.app/](https://csb-81vzf0.netlify.app/) + +Full graph with all the signals. + +https://preview.redd.it/vmordy26iku81.png?width=1920&format=png&auto=webp&s=8e11c77173f75bbb580e0365ecd82bcda001a217 + + +Here is the 300's (Take it down) + +https://preview.redd.it/5ph5reztgku81.png?width=1920&format=png&auto=webp&s=3314bf7623712230320fa4e48f3cd3567afc2124 + +The 400's (Trade it sideways) + +https://preview.redd.it/4ll0zs9zgku81.png?width=1920&format=png&auto=webp&s=d2285617a77c3e530599760da7eb85ba5e9baa19 + +The 500's (Gap the stock) + +https://preview.redd.it/ddly4b39hku81.png?width=1920&format=png&auto=webp&s=d5b0bba435650c202fbec8525de39530e16f6927 + +The 600's (Apply resistance) + +https://preview.redd.it/wnazrbpdhku81.png?width=1920&format=png&auto=webp&s=c6873b261e72993046ba1f0dac9829375cc830e9 + +The 700's (Move the price up) + +https://preview.redd.it/v76w9uylhku81.png?width=1920&format=png&auto=webp&s=cf858d506cb52daf847a03429964123b035309b2 + +The 1000's(Don't let it run) + +https://preview.redd.it/5hifb4kqhku81.png?width=1920&format=png&auto=webp&s=be11db7f3e444a24c41dda10cefd5ea5f8cd1ad4 + +I am still hoping that i will see some 911 signals and then some news to really confirm if these signals actually work. + +# 3. Conclusion + +I think they track pretty well what is going on with the stock, although some signals are ignored, they seem to tell the stock what to do. It may be chance, and i am not good enough at coding to say if it is. + +Of course the signals follow the price, they are trades so they kinda have to, but it what comes after them that counts. + +I will continue to stream this on Youtube, and if people want i can post these graphs daily. + +If you guys have any suggestions or feedback, it is more than welcomed! + +Mods: I don't know if this is DD so that's why i chose that flair, feel free to change it if you feel it should be something else <3 +After reading the Mr Beast bet over in WSB and reading an article on how monkeys out perform Fund Managers, I’m going to invest $1000 into whatever you guys decide, being the top replied comment in the next 48 hours. + + +Will post proof on Wednesday or ban me. + + +FAQ: + + +Q. Why only $1000? + + +A: I'm a broke Uni student + + +Q. Why are you doing this? + + +A: I'm bored and I think it's funny + + +Let's see what you've got ASX Bets +Today’s price movement seems unnatural right? The volume is also unnaturally high for this time of day and with this type of downward movement. + +Why is this happening?!? (You might ask!) + +It has to be Kenny and Co creating more synthetic shares! (you exclaim) + +While this could be a possibility there is another much more likely reason. + +I think back to April when GameStop was doing their first offering of 3.5 million shares. While this was happening, there was just a downward force that felt like it couldn’t be stopped. We all hypothesized that Kenny and Co were up to their normal fuckery only to find out a week or two later that GameStop had completed its offering over the course of that dip. + + +THE SAME THING IS LIKELY HAPPENING NOW. + +GameStop announced yesterday that they could potentially be issuing 5 million more shares to raise capital and strengthen the balance sheet. + +On the 8-k there was another caveat that many apes PROBABLY have missed. This being the MAXIMUM offering price of $255.50. + +Now, I’m too smooth brained to tell you what goes into coming up with this maximum offering price, BUT what I can tell you is that it is on there and you can look for yourself. + + +My theory: + +GameStop is currently doing their offering which is bringing the price down to $255~ range so they can sell their shares and collect the capital now before the rocket takes off. If they were to do it later, it could hinder the rocket much harder. So the sooner they tear the bandaid off the better. + +- I ALSO believe GameStop and papa Cohen anticipated a short attack by Kenny and Co after earnings, which would create a downward momentum and create the perfect opportunity to sell their shares at $255 market price to retail and long institutions (unlike the movie stock who sells directly to short hedge funds) + +With this capital they can make hype acquisitions and great business moves that will increase buying pressure as the year progresses. + +This is how we achieve a self fulfilling prophecy (check Tesla 2020 squeeze for reference). + +TL;DR: Everyone just needs to sit back, relax, buy the dip, and hodl. Papa Cohen is playing 8d chess and has got us. + +Edit: after some apes questioned this maximum share limit, I looked into it more. This limit should be looked as a more of an average of $255. GameStop wants about 1.1-1.2 billion in proceeds from the stock sale. On 5 million shares, that average comes out to about $255. HOWEVER, if they were to make 1.1 billion while only selling 3 million shares then GREAT. BUT, the way the chart is set up right now, $230-270 is like a sweet zone to be able to sell these extra shares to retail apes (keep them out of SHFs hand). If they can get all 5 million shares out today around that sweet zone and come out with an extra billion for acquisitions and business moves, AND SHFs don’t get their hands on more shares, then this is FANTASTIC. + +Edit 2: Link to offering details: https://news.gamestop.com/node/18961/html +For majority companies, the dividend yield is around 2%. Let’s take for example a stock which is at $100, you would be getting back $2 annually or $0.50 quarterly. I would need to invest tens of thousands of dollars just to make back a decent amount of money. Even through DRIPs, you would need to have invested a lot in order to just get back enough money from dividends to purchase additional shares. This seems very unattainable to someone like me in my 20s who does not have anywhere near that much capital to invest. +