diff --git "a/reddit_finance_43_250k_71.txt" "b/reddit_finance_43_250k_71.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_71.txt" @@ -0,0 +1,10000 @@ + +Support the good. Fight the fraudulent evil. Get VESTED. + +&#x200B; + +Links: + +&#x200B; + +Medium Article: [https://medium.com/bscstarter/start-vesting-the-new-way-to-lock-tokens-liquidity-on-bsc-a2cbcec140fe](https://medium.com/bscstarter/start-vesting-the-new-way-to-lock-tokens-liquidity-on-bsc-a2cbcec140fe) + +Telegram: [https://medium.com/bscstarter/start-vesting-the-new-way-to-lock-tokens-liquidity-on-bsc-a2cbcec140fe](https://medium.com/bscstarter/start-vesting-the-new-way-to-lock-tokens-liquidity-on-bsc-a2cbcec140fe) + +Website: [https://bscstarter.finance/#/home](https://bscstarter.finance/#/home) + +Twitter: [https://twitter.com/BSCstarter](https://twitter.com/BSCstarter) +I’m hyped every day the market is open. Nothing wrong with getting excited for stuff, I love it. But it’s starting to feel like people are expecting an announcement is forthcoming like it’s a done deal, and I have no idea where it’s coming from. I don’t think it’s common for a company to raise cash via selling shares then turn around and pay a dividend, seems counterintuitive. A customer service rep with a sunglasses emoji doesn’t mean much, those folks aren’t plugged into to any significant info. The 741 dissection is going nuts. And the July 14th NFT thing also doesn’t mean an announcement needs to happen at that time either. It’s all just speculation. + +All this feels like a good opportunity for an enemy combatant to take some fun speculation and run a massive hype campaign to raise expectations only for them to get smashed when nothing happens. AGAIN. Remember, they are backed into a corner and their ONLY weapon is psychological warfare. + +Not worried about apes that have been here for months, moreso newer apes that maybe haven’t been through an “emotional pump and dump” before. And I do see a lot of comments in these hype posts saying they don’t care about dates, which is great. But it really feels like someone is taking the hype ball and overinflating it on purpose. + +Stay vigilant, stay hyped, but stay grounded. + +Edit: if I could change the title, I would rephrase to say “investor related announcements”. The gamer in me is excited to see what they’re cooking up. But the investor in me is not expecting to hear anything on the 14th, but I’d be happily surprised if we did. +Hear Ye Hear Ye, we have a matter before the court. + + +u/PortelloKing has made a claim of a [24 Bagger](https://www.reddit.com/r/ASX_Bets/comments/rvhdjt/my_first_double_bag_il/hr5jf1l/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) on SXY. + + +A purchase price of 0.178 was sent through, the stonk is currently over $4. + + +However, some cunning investigation by the mods (ok, we opened Commsex and looked at a chart) has revealed a large discrepancy in the SP and the date OP claimed to purchase. + + +The culprit: 1:10 consolidation. + +OP did come clean regarding the consolidation, however, we don’t take kindly to this type of ruse, so this one is going out to the mob for a verdict. + +Are they simply a retard? + +Are they trying it on? + +Are they intentionally misleading the good folk of r/ASX_Bets? + + + + +Options below. + +[View Poll](https://www.reddit.com/poll/rvr1lm) +Sorry about the incredibly simple question. I started collecting data and backtesting my algorithm. Originally I was looking at the percentage of trades that I win and focusing on finding stock movements to predict a suitable win %. + +&#x200B; + +I'm now thinking that should really be focusing on the average return of the trades. So if my algorithm would make 10 trades that result in returns of 4%, -5%, -1%, 2%, 3%... then the average would be 0.6%. + +&#x200B; + +Is this average return a good indicator of a successful algo in the backtesting phase? + +&#x200B; + +Thanks for helping with what seems to be the most basic question. +As the VIX continues it's steady decline, we're seeing less and less premiums to collect in the market. Unless we see another significant move in the market, we may be entering a period of *low volatility*. Many wheelers know we want IV to be as high as possible, because more IV means more premium. So what do we do when the premiums are all dried up? *Poor Man's Covered Calls* + +What is a Poor Man's Covered Call (PMCC)? It's like a traditional covered call, but covered by LEAPS instead of long stock. For example, instead of 100x EEM/-1 9/18 46c, you'd replace the long stock with something like a 3/19/21 38c. The ITM long call replicates long stock extremely well, but for a fraction of the cost: + +[Covered Call](https://preview.redd.it/e25m2e8gf9j51.png?width=1661&format=png&auto=webp&s=7fd258d4bb2abf8f1a49e9f4f7f4c22e41645c0c) + +[PMCC](https://preview.redd.it/3jmqjtckf9j51.png?width=1661&format=png&auto=webp&s=a1fc5c6b7e8ea69d50f584d15e1794e1a44d8a48) + +The P/L curves look nearly identical, but you only need about 15% of the capital to place the PMCC. So while the raw Theta number is higher for the covered call, the Theta *ratio* is 4x higher for the PMCC. But what do PMCC's have to do with low IV? What the screenshots don't tell us is Vega. The covered call has a Vega of about -0.04, but the PMCC has a *positive* 0.05 Vega. That means we want IV to go up instead of down. Positive Vega trades are rare for Thetagang strategies, because they typically come with negative Theta. PMCC's are one of the few exceptions that has both positive Vega *and* Theta. Not only that, but they can be one of the most powerful Theta generators in our portfolio + +&#x200B; + +So how do we set these guys up? There are two common strategies I've come across, and they both have different advantages so I'll cover each of them + +The tasty method - the tasty method only has two rules: + +1. Pay no more than 75% of the width of the strikes to place the trade. This ensures that we'll profit if our short leg is assigned, eliminating the threat of an early up move +2. Sell an option with more extrinsic than the one we buy. This ensures the break-even of the trade will be below the current stock price, giving us a small directional buffer, but usually requires you to buy a pretty deep ITM option, which will be expensive + +Weaknesses of the tasty method: + +1. Less Theta generation +2. More capital intensive + +The Super Theta method + +1. Buy ITM LEAPS within your desired allocation, 200+ DTE, farther ITM the better (but just get whatever you can afford) +2. Sell OTM calls in the nearest expiration cycle (yes, even weeklies), usually 20-35ish Delta + +Weaknesses of Super Theta: + +1. Getting assigned too early will result in a loss +2. Break-even will typically be below current stock price + +&#x200B; + +What about management? + +\-Management most commonly consists of rolling your short strike along to the next expiration. These guys can be slow movers sometimes + +\-Winners are typically closed when the underlying makes a significant up-move towards your short strike, or when your short gets exercised + +\-Losers can be managed by rolling the call down in strike to bring in more credit and reduce max loss + +&#x200B; + +As we potentially face periods of low volatility, I encourage wheelers to check out this strategy as an alternative to the wheel, at least for low IV underlyings. Obviously I'm not saying you should switch completely. But they can be a great way to strategically diversify, hedge greeks, and get long in underlyings we wouldn't normally be able to afford. Another benefit to the PMCC is that it can easily be reversed (Poor Man's Covered Put) to give us a negative Delta trade, which might act as a good directional hedge for those of you looking to manage long Deltas +As the VIX continues it's steady decline, we're seeing less and less premiums to collect in the market. Unless we see another significant move in the market, we may be entering a period of *low volatility*. Many wheelers know we want IV to be as high as possible, because more IV means more premium. So what do we do when the premiums are all dried up? *Poor Man's Covered Calls* + +What is a Poor Man's Covered Call (PMCC)? It's like a traditional covered call, but covered by LEAPS instead of long stock. For example, instead of 100x EEM/-1 9/18 46c, you'd replace the long stock with something like a 3/19/21 38c. The ITM long call replicates long stock extremely well, but for a fraction of the cost: + +[Covered Call](https://preview.redd.it/e25m2e8gf9j51.png?width=1661&format=png&auto=webp&s=7fd258d4bb2abf8f1a49e9f4f7f4c22e41645c0c) + +[PMCC](https://preview.redd.it/3jmqjtckf9j51.png?width=1661&format=png&auto=webp&s=a1fc5c6b7e8ea69d50f584d15e1794e1a44d8a48) + +The P/L curves look nearly identical, but you only need about 15% of the capital to place the PMCC. So while the raw Theta number is higher for the covered call, the Theta *ratio* is 4x higher for the PMCC. But what do PMCC's have to do with low IV? What the screenshots don't tell us is Vega. The covered call has a Vega of about -0.04, but the PMCC has a *positive* 0.05 Vega. That means we want IV to go up instead of down. Positive Vega trades are rare for Thetagang strategies, because they typically come with negative Theta. PMCC's are one of the few exceptions that has both positive Vega *and* Theta. Not only that, but they can be one of the most powerful Theta generators in our portfolio + +&#x200B; + +So how do we set these guys up? There are two common strategies I've come across, and they both have different advantages so I'll cover each of them + +The tasty method - the tasty method only has two rules: + +1. Pay no more than 75% of the width of the strikes to place the trade. This ensures that we'll profit if our short leg is assigned, eliminating the threat of an early up move +2. Sell an option with more extrinsic than the one we buy. This ensures the break-even of the trade will be below the current stock price, giving us a small directional buffer, but usually requires you to buy a pretty deep ITM option, which will be expensive + +Weaknesses of the tasty method: + +1. Less Theta generation +2. More capital intensive + +The Super Theta method + +1. Buy ITM LEAPS within your desired allocation, 200+ DTE, farther ITM the better (but just get whatever you can afford) +2. Sell OTM calls in the nearest expiration cycle (yes, even weeklies), usually 20-35ish Delta + +Weaknesses of Super Theta: + +1. Getting assigned too early will result in a loss +2. Break-even will typically be below current stock price + +&#x200B; + +What about management? + +\-Management most commonly consists of rolling your short strike along to the next expiration. These guys can be slow movers sometimes + +\-Winners are typically closed when the underlying makes a significant up-move towards your short strike, or when your short gets exercised + +\-Losers can be managed by rolling the call down in strike to bring in more credit and reduce max loss + +&#x200B; + +As we potentially face periods of low volatility, I encourage wheelers to check out this strategy as an alternative to the wheel, at least for low IV underlyings. Obviously I'm not saying you should switch completely. But they can be a great way to strategically diversify, hedge greeks, and get long in underlyings we wouldn't normally be able to afford. Another benefit to the PMCC is that it can easily be reversed (Poor Man's Covered Put) to give us a negative Delta trade, which might act as a good directional hedge for those of you looking to manage long Deltas +I found someone's debit card on the ground today. I decided to call the number on the back of the card so that I could let the bank know that it had been found, was lost, and should be cancelled. I figured it had probably been left earlier that day at my workplace by a customer. + +Instead, USAA wanted my name, my phone number, and tried to connect me directly to the customer. When they couldn't, they said they were giving my info to the customer to call me back at their convenience, and that if the customer didn't retrieve the card within 48 hours, I was to destroy it. + +What? + +What??? + +There are so many security issues and privacy issues with this, I don't know what to make of it. + +Edit: RIP My inbox. +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. 🦍🦍🦍 +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! + +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! + +Price it higher. But not too high. On one house I got 50 calls, 5 showings, leased within 24 hours. On another I got 3 calls, but all 3 wanted a lease within 24 hours. One was likely too low and the other probably just right. Price out the wrong tenants, but not the right ones. + + +Take multiple appointments and show in blocks. + + +Don’t sign the first lease just because it’s the first one, take a few apps in. + + +Don’t negotiate price, give a price to reflect factors, you’ll never remember which numbers you told people. + + +Build in commission - 30% of one month’s rent or a full month if you’re represented. + + +It’s not rented til cash is in hand. + + +Make sure tenants can afford it, but the ideal tenant is fringe, they’ll in many ways be dependent on you and unable to afford their own house (sounds harsh but it’s true) + + + +Any other lessons you learned? +I realize this is /r/ethtrader, but that to me does not mean we should allow for ICO promotion. I think at this point we can all agree that ICO's arguably have done more harm to ETH than good. It's highly unlikely that they have brought more money into the community than it has siphoned out due to early adopters throwing their gains around at all these scams. + + +**What I'm asking for** + + +Can we start closing/deleting any threads directly related to the promotion of an ICO? **I am in full support** of threads inquiring about ICO's and starting discussions about the legitimacy of a certain ICO, the team behind it, etc. Or people just asking general questions. But the topics linking to their token sale/ICO page with the clear intention of building hype around it, I don't see any value in. I believe they have no place on /r/ethtrader. + + +Thoughts? + +Edit: **To be clear, I am not proposing the banning of ICO discussion. I am proposing the banning of PROMOTING an ICO with links, videos, hype train moon talk, etc.** Presenting data and starting a healthy discussion about ICO's is great. That, to me, is what /r/ethtrader is about. + + +[example 1](https://www.reddit.com/r/ethtrader/comments/79ujib/very_underrated_ico_from_upfiring_ends_in_a_few/) + + +[example 2](https://www.reddit.com/r/ethtrader/comments/79xj2u/join_the_presale_httpsmyfortysevenio/) + + +[example 3](https://www.reddit.com/r/ethtrader/comments/79xh4h/stk_launches_presale_instant_cryptocurrency/) + + +[Borderline but probably fine](https://www.reddit.com/r/ethtrader/comments/79yedd/signals_ico_promising_trading_tool_what_do_you/) This one is tricky because the promoters could take this approach to promoting if we do ban ICO promotion. Definitely room for discussion/voting. + + +Edit 2: Lots of great, healthy discussion here. I appreciate everyones opinions. It's obviously a tricky thing to moderate and lots of lenses to look through this is some good discussion. Thanks! + + +I have a bit of disposable income and invest enough so want to spend or save for something that I’ll actually enjoy. + +I spent 80k on a fishing boat at start of the year and was totally worth it use it once a fortnight best hobby ever. The memories and experiences made with it have been more important than money in the bank. + +Spent about 5k on an office setup at home and have not used it even once. Sometimes we dry clothes in there. +Like it sounds stupid I live in London and am studying Economics at university but I still don't understand the uk economy. + +Like we dont produce anything, litteraly everything I own is from another country, my Samsung fridge, Samsung phone, TV, coca cola, my Nike clothes, single use plastics mate even the pizza I get has tomatoes and god knows what else shipped over from another country. + +The only things I think we produce are restaurants, finance, some cars and thats litteraly it + +Am I missing something ?? +How do you know you’re ready? At what point are you comfortable enough to walk away from your career to only use your rentals as your income? + +Also, how do you take benefits into consideration? How do you deal with health insurance, life insurance, other benefits, etc.? + +I’m nowhere near that point (haven’t even bought my first SFH yet), but it’s a goal I’d like to ultimately reach. I know this will vary from person to person but I’m curious to see what the community has to say. +I am not saying that my path is one that anyone should take. It’s not necessarily a good way or the best way. It is different than most of what I have read on this sub, so thought I would share. Here are some things about me: + +22F, mixed race, born to single teen parent and grew up really poor, chronically mentally ill. + +Based off of my general demographics, it was very unlikely that I’d make it out of poverty. From the beginning I suffered from food, home and hygiene insecurity. Mental illness runs in my family. My earliest memory of being depressed started was at 8 years old. We couldn’t afford a doctor, so this manifested in my life. It was in these moments that I promised myself I would do absolutely whatever it took to get out of poverty. + +I got my first job when I was 15 and I got a taste of what it felt like to make my own money. After a life of poverty, I felt like I had power and control. At the same time I was really struggling to manage school and my mental illness. I had a terrible boyfriend at the time who made me have sex with him. I first started to see myself as a sexual object. My 4.0gpa slipped to a 3.5gpa. I decided to go to alternative school at the local community college. I was able to take college classes to get high school credits, paid for by the school district. This allowed me to have a more flexible schedule and graduate earlier with college credits. + +My home life was terrible. My parent was never around, always at work to afford my sibling and I. So I had very little supervision. I was left to my own devices and got in a lot of trouble. At 17 I ended up getting kicked out. I went and lived with a friend for a while. I will never be able to thank them enough for taking me in. I graduated and dropped out of community college for the first time. I got sick of making minimum wage and brainstormed what job I was qualified to do and paid well. The very best I could think of was being a stripper. So on my 18th birthday, I went to a strip club and auditioned. I got the job and started working. I made really good money at that job. This didn’t mean much though, considering that I was 18 and extremely irresponsible. + +I decided to give college another try, so I enrolled in the local university using student loans. I moved into the dorms and went to class for a few weeks. I dropped out my first term due to mental illness and having no support structure. + +A year passed and my boyfriend at the time had cheated on me. We broke up and I soon realized that I needed to work on myself. I was a massively depressed 19 year old stripper with no future. I was suicidal and could barely make myself get out of bed to take a shower. I pretty much just slept all day and worked enough to afford bills. + +Although my life was in shambles, I always had money. Stripping was a very lucrative job. I decided to get help for my mental illness and saw a psychiatrist. I tried various medications and it took about 5 tries to get the right one. I spent a lot of time feeling like a zombie. He prescribed me an antipsychotic and within a week I was a completely changed person. For the first time in a very long while, I felt happy. + +I kept working and when I was 20 decided to go back to college for a third time. At the time I was already 15k in debt from dropping out twice. I decided to do a technical associates degree at a local community college. The entire cost for the program was 14k. I received merit based scholarships specifically meant for technical degrees. I got these by submitting my high school transcripts and writing essays. I earned enough scholarships that I got the entire program paid for. My boyfriend at the time made me quit stripping, so I became a bikini barista. This job paid really well also, with low work hours. He made me quit that job and we broke up. + +I applied for a technical internship at a corporation in my town. It took them 3 months to get back to me and I didn’t get the job on the first try. I had to apply again and got it on the second try. I reformed a relationship with my parent and moved back in with them. At this time I met my husband. + +I worked at the internship 32 hours a week and took 20 credits for a year to finish college on time. They paid me $17 an hour. Internship wages in my profession range from $15-17 an hour typically. There was a possibility to get a job at the end of the internship, contingent on completion of my associates degree and an interview. I definitely broke down a few times, but kept pushing because it was worth it. I worked hard enough that I surpassed expectations at work and graduated with a 3.9gpa. I was hired full time at the end of my internship. I took a position as a night shift technician. There are usually incentives for working alternative schedules. This one in particular put me at 84k per year without overtime. Some might be surprised by this number, but my field of work is very specialized. There are very few women and not many people willing to do this type of work due to the safety hazards. I actually love my job and enjoy working with the hazards. I am excited to go to work every single day. A lot of people on this sub talk about not wanting a “dangerous” job. What they don’t realized is that these jobs are often times safer than daily life. This is due to the extremely strict safety controls and procedures that are in place. Most accidents that happen in these jobs are from human error. If you are 100% committed to safety and always follow the procedure, you will be fine. I am more likely to die in a car accident on the way to work, than I am at work. + +Soon after getting the job at 21, I moved in with my boyfriend and we decided to get married. My husband has a 4 year degree and makes 82k per year, putting us at a household income of 166k. After paying off 30k of consumer debt, we budget off of one salary and save over 50% of our income. Now I am 22, working night shift and taking classes during the day. The company I work for is paying for my bachelors degree. When I complete my degree, I am going to start a need based scholarship for women in the trades at the community college I went to. + +I realized that all of this came at a significant cost. I am damaged from working as a stripper. I view myself as a sexual object and have to remind myself that I have more to offer. I am also hyper-sexual, often times without realizing it. Working as a stripper normalized hyper-sexuality for me at a young age. I have worked really hard to get this under control. + +I also have no friends. The combination of mental illness and putting in crazy hours at work/school made it pretty much impossible to have a social life. I traded a social life and social skills for money. At the time I didn’t realize that is what I was doing. I want to go out to so many places and try new things, but I don’t have a single friend to enjoy life with. Along with working night shift, it makes for a very isolating and lonely existence. I love my husband and we get along great, but it’s not healthy for him to be my only friend. I’m working on that right now. I have my first girl date this Saturday. + +My story is non-traditional and NFSW, so I don’t get to talk about it much. If anyone has questions or discussion I am open. +Lately I have made some gains but they are so meager compared to what I have done in the past that they barely balance out the bad days (today in particular, things have gone south more so than usual). I suppose what I am wondering is if this is just my subjective opinion and I'm crazy and deluded or is this noticed by other people? + +Edit: Thanks for the awards! + + +I lost a ton of money today (not everything, I was diversified, and use cold storage, but enough to hurt). I'm one of the margin traders that took a hit (and yes, knew the risks). I want to take a minute to explain the thought process, learning, and why I actually think it is a good move that GDAX elected not to roll back the transactions. But also an ask for GDAX to help protect themselves. + +**Here's what happened:** + +After the Status ICO fallout, I made a (....correct ¯\_(ツ)_/¯...) assumption that Ethereum/USD on GDAX would see a flash crash. The thesis was: new investors would get spooked by the network slowdown, those that converted to ETH to get into the ICO but didn't get in would be looking to diversify back out, and BTC was steadily rising against ETH with heavy volume. Because of those factors, I assumed there would be a relatively large market order dump that would blow out stop losses. + +So I got greedy and chose to place speculative limit buys down the order book on margin between $280 and $200, with a liquidation price below $50. My thought process was that if Ethereum managed to hit $50 with over 100k Eth on the order books before I could react, Ethereum itself would have had a critical issue rendering it worthless, or basically that my entire position would be worthless anyway. + +I saw the crash, and saw the fills, and thought "yes!" followed by an immediate "NO!" when the margin call liquidation order followed 2 seconds later. The price had gone below $50. + +I did not account for the market's ability to be moved like that, but I should have. + +After GDAX halted trading, I began speculating on what could have occurred. It was either a glitch, or someone placed a $30M+ market sell order. I didn't think it was a glitch. But it also didn't have to be that big of a sell order. + +Thinking through it, I started to put together that GDAX's election to increase margin limits two days ago equated to a large increase in overall leverage on the buy side. The increase in margin availability most likely brought the average liquidation price for margin calls much closer to market price if new margin positions were opened on the 19th with a ~$40 drop in price and everyone still long. That made it significantly easier for a large market order to trigger sells on leveraged positions which created a domino/chain reaction all the way down the order book. As each margin position was forced to liquidate, it ate up buy orders, which sent the price down more, triggering more liquidation orders, etc... all the way until the price hit $0.10. + +**But here's why GDAX is not at fault: ** + +GDAX's marketplace and platform behaved exactly as it should have. How GDAX's margin product functions is clearly spelled out. The increase in available leverage to the general market was a variable I should have noted and accounted for in risk-mitigation--it was communicated. + +Therefore, it is not GDAX's fault. I would not expect them to roll back the transactions, and nor do I think they should. Whether they would was a question mark while trading was halted, but confirmed when trading resumed followed by an email to margin traders. + +In using margin, I weighed the likelihood of a drop below my margin call against the upside of using it. I got that probability wrong (did not account for the increase in overall leverage and the possibility of a large holder willing to risk a few million dollars on a market sell order). + +**Why transactions should not be rolled back for anything other than a software error:** + +A lot of limit buy orders were put in place and filled by the flash crash. These limit buys were in place and filled to GDAX's terms and conditions. When an order is filled, it is final--as it should be. Rolling a filled order back breaks the integrity of GDAX's promise. + +However, there are two things that GDAX could have done to mitigate the damage: Margin Calls and a Circuit Breaker. I believe a Margin Call can (and should be) done, but a Circuit Breaker is a bad idea. + +**Why GDAX can't offer a margin call (yet):** + +An area of thought to think about is whether or not GDAX could have offered margin calls on their margin product. A margin call is a request for more funds to be added prior to a complete liquidation of assets to cover. A margin call would have saved a lot of people's asses in this case. + +However, doing so shifts liability over to GDAX, and it's simply not mature enough to stomach that kind of risk. For example, if the crash was from a critical flaw in Ethereum's code and GDAX waited to liquidate to give traders time to add more funds, it opens itself up to defaults on those funds. Someone could say "the check is in the mail" and then just walk away. + +If GDAX has that kind of risk, it opens itself up to insolvency. As a crypto-supporter, this would be catastrophic. GDAX represents one of the few fiat to Crypto-currency converters in the United States. A decentralized exchange can really only ever handle crypto-to-crypto. So we need GDAX, Gemini, and other fiat-to-crypto exchanges to remain as solvent as possible. + +**How GDAX could offer a margin call instead of auto-liquidation:** + +I think margin calls (giving the option to make good on the capital requirements to maintain the position) would be the best way to go. This alone would stop a domino liquidation effect on one large market order. It would be more difficult for a whale or a collusion of whales to force liquidation and buy back at the bottom of the order book because it would give the buy side more time to react to the price movements. Basically, it would make doing what happened today a hell of a lot more risky to the large seller. + +I think GDAX could offer margin calls by working with a third party insurer and passing the cost of those premiums to Margin Traders (increase the cost to maintain margin, and pass those funds to an insurer as premiums to ensure the debt). A 24 hour window prior to forced liquidation would mitigate the impact of the liquidation domino chain we saw today. How that works: GDAX does a deal with a much larger insurer to cover the default risk on margin calls. If a trader defaults on the margin call, the insurer makes GDAX whole while the account is passed to collections (since GDAX does do KYC). The insurer will make a premium even through flash crashes, but shoulders the risk of the entire ecosystem crashing AND margin traders not being able to cough up the loan (which isn't as bad as it sounds, again, because of KYC). + +Additionally, GDAX could in theory tell which crypto-currency accounts are owned by their traders in cold storage and use that as proof of ability to make good on a margin (which would have saved my ass). For example, if I had 100 Eth in GDAX, but 1,000 BTC in cold storage, GDAX could safely know that I have the means to immediately cover the margin call, and let me keep my position through a flash crash. That, or just authing a massive charge on my credit card on file. Either way, it's possible to de-risk it for GDAX. + +Finally, even without margin calls, GDAX could at least use the BLENDED market price of the top exchanges to trigger their margin calls instead of just its own platform. That would mitigate the risk of market manipulation inside of their ecosystem that triggers massive sell offs. The problem is that GDAX is acting as BOTH a "broker" and a "market," so the price can be arbitrarily influenced by actions they take to set off forced liquidation. I do NOT think they did this, but I am saying that is is possible when their platform has auto-sell triggers that rely on just their own order book. + +**Why GDAX could but should NOT introduce a circuit breaker:** + +A circuit breaker is used in public exchanges to halt trading if the price drops too fast in too short a period of time. Cryptocurrency is volatile. We have to accept volatility for access to the increase potential. I believe creating a circuit breaker would actually open the door to even more market manipulation than it solves. This is because we have people that have the capability to buy and sell the ENTIRE order book. This effectively gives them an “on/off” switch for the exchange. + +**Why I think Margin Trading is super dangerous (well, even more dangerous than previously thought, now, in it's current form), but is ultimately a good thing to have available to the market:** + +Margin increases both gains and losses. Margin traders are willing to risk more to gain more. The additional capital provides increased liquidity for everyone. Margin traders using margin on crypto pretty much have to have 100% faith in the long term price viability of the underlying asset (which I do have) and be willing to stomach massive paper losses relative to fiat. It also enables hedging overall positions with less capital requirements, and is useful. It also allows you to trade against the assets in your portfolio without keeping all of it on the actual exchange. (In my case, I didn't trade above my actual balance, but used margin to trade against some of my portfolio sitting in cold storage to reduce Mt. Gox risk)... that is/should be the primary utility of it in cryptocurrency's case. The point is though: it IS useful. + +But DON’T trade on margin (now), just don’t. The probability of the main Cryptocurrencies going from $300 to $0.10 for 24 hours is low (so a margin call would make it an order of magnitude safer). But the probability of one of them going from $300 to $0.10 for 2.4 seconds is actually high (much higher than I thought), as we’ve seen today, and the power to do so is available to many of Crypto’s whales. + +**Final thoughts and suggestion for GDAX:** + +While I don’t think GDAX is necessarily accountable or responsible for what took place today, I do believe they should review those transactions with a fine-tooth comb before processing withdrawals for those accounts and perhaps invite a third party auditor to review the transactions that took place. + +The SEC’s definition of “Market Manipulation” includes *“…rigging quotes, prices or trades to create a false or deceptive picture of the demand for a security.”* While GDAX most likely isn’t accountable, and the “security” aspect of cryptocurrency is a gray area, some of the entities involved in this trade MAY be accountable. For example, if the large market seller colluded with limit buyers to prop up the depth of the order book, and those limit sellers pulled their orders right before the market sell with knowledge it was coming—THAT would probably go into the realm of “Market Manipulation.” + +A 3rd party data scientist with access to GDAX’s tokenized API history could probably figure the above out pretty quickly by analyzing order patterns. Additionally, there was a reddit post yesterday from someone claiming to take credit for the previous dip. He/She claimed to be the agent that made the first dip and said his/her group would basically be causing another one tomorrow. I can’t find that post now (as it was probably deleted), but if anyone can vouch that it existed or took a screenshot, that’s basically another indicator that this could be market manipulation. They should at LEAST make damn sure no GDAX/Coinbase employee with access to internal data (specifically margin exposure) had any connection to the sell order. + +I am not suggesting a hold on funds and a 3rd party forensic audit to get my money back. I took a risk, knowing the risk. I’m suggesting GDAX does this to protect the overall health of cryptocurrency. + +The events of today basically wiped out a significant portion of trading accounts that (self-identified) as either High Net Worth individuals, Money Managers, or Financial Consultants. My guess is a bunch of margin accounts lied to get access to margin (in which case, the SEC is going to have a problem with GDAX’s KYC process if they complain). But that’s not the scary part. + +The scary part is that the traders that did legitimately have entitlement to access to margin got wiped out too (a $0.11 margin call on a $300 asset that can wipe out an entire position doesn’t come around THAT often). Those guys know enough to see what I see—high probability of market manipulation/collusion in today’s events. + +So, I would be VERY surprised if the SEC didn’t get formal complaints from lawyers, opened up an investigation, and came after GDAX. I would also be very surprised if GDAX didn’t get a few lawsuits opened up around lax fiduciary responsibility in exchange governance (But a lawsuit won't come from me--I just want one our primary fiat exchanges to stay alive). I would want GDAX to be able to handle those inquiries perfectly and absolve quickly by showing an “over and above” audit of the people and transactions involved in the crash, preferably self-initiated. We (as those that support and believe in cryptocurrency’s trans-formative potential) can’t lose GDAX. + +And think about it: the people trading on GDAX that are most likely to have the connections, know-how, and clout to form a class action lawsuit just got their accounts wiped out. If we lose one of the primary exchanges for new crypto-traders entering the market, we’re going to set back adoption by a mile. + +The July 14th date is so amazing. + +Edit: Here is where you can verify the release date of the [GME Token](https://imgur.com/gallery/XoOHBEn) Credit to u/teacoat___ + +My wife pointed out that’s Bastille Day. + +That’s the day where the French citizens—who were insanely oppressed by the monarch—rose up, stormed the Bastille, and overthrew the ruling 1%. + +Learn more about this important date: https://en.m.wikipedia.org/wiki/Bastille_Day + +That launch date is not accidental. + +What’s more, Bastille is a synonym for citadel. Wonder who’s going to be storming the Citadel this time... + +I didn’t think my tits could be even more jacked. See you on the moon fam 🚀 + +Edit 2: semantically I should have said “token” instead of “coin” in the title +To start with, I know some of you don’t like reading long posts so ill do the summary at the start in one sentence…Don’t buy every red day because you aren’t going to sell every green day. That is all, but if you want more detail well lets have a look at why. Now logically just because the market has a red day doesn’t mean everything is undervalued and cheap, much like when the market has a green day nobody panics and goes oh shit! Stocks are up 1-2%, quick sell sell sell!! Now im not talking about penny stocks here which crash 40% in one day, I mean large companies and the XJO. + +The first example to start with is the XJO and its probably the clearest and easiest reason to see why every dip is not a buying opportunity. Lets pretend you have watched the market the past year and you were looking to ‘buy the dip’, so presumably a red day. Well you would of done perfectly fine just buying 1 year ago and waiting and up around 20%, or you could of bought the month after when November had 5 great green days in a row and still be up about 15%... Or you could of waited until there was a string of atleast 3 red days and you would of got an entry point higher than both of those times if you bought in every time it dips for 3 days. Because I like to do weird comparisons, lets use skittles. If someone offers you money every week you aren’t going to keep saying no incase of money laundering one week and waiting until they get busted and then the next group starts offering you money, you are just going to take the money every week, THIS IS THE SAME! If your stock was cheap at $15 its not magically cheap still at $25 just because it fell a little bit from $30, same as if the stock was overvalued at $15, it is not undervalued all of a sudden at $23 because it fell from $30. + +&#x200B; + +https://preview.redd.it/amzv1j6kxim71.png?width=602&format=png&auto=webp&s=724c5ced7a4c30eb2a1cfe89c3d4f56f806531f9 + +But lets look at individual stocks, to start with I’m going to pick the 2 biggest on the XJO because its bias but it proves my point some more. We will start with CBA who this time last year were around $67 and are now $100, which is a 50% gain roughly. Now if you thought CBA was overvalued this time last year because of COVID, low interest rates and you thought the housing thing was going to be short lived, then fundamentally its still overvalued even on these red days in between. For example, in June it went from approx. $106 to under $100, no point screaming buy the dip because if it was overvalued last year…well you get the point. If you looked at CBA again recently though and thought things had fundamentally changed and there were worth $100 a share, then buying at $100 a share should be the goal, not to wait for a random big red day to buy at and ignore the price. To go back to the XJO this is the same thing, if you thought most stocks were overvalued 1 year ago, 6 months ago and 3 months ago then a 2% dip should not have any impact on your thinking. + +&#x200B; + +https://preview.redd.it/7fm7jb2lxim71.png?width=567&format=png&auto=webp&s=e9a971aa176b4b9aac52e6b1967d6bb410cf6c74 + +Next is CSL, who have had quite a volatile past year by their standards and have had some issues in terms of expectations. Some analysts think they will struggle to have any growth over the upcoming years and some still think it’s going to do fine because it’s a giant monopoly which historically has done great. CSL highlight perfectly why you shouldn’t just see every red day as a buying opportunity, because as you can see there has been plenty and if you just stuck to choosing a price you liked and had some conviction you would of done perfectly fine presuming you didn’t buy at $320. Let’s say you were watching them fly up to $320 late last year and were like well I think they’re only worth $270 but I really want some, so you waited for the 2 red days following and bought in around $300, well you would have had a perfect chance to buy them at $270 with some patience. What a stock or the market does day to day should not scream to you whether or not to buy the dip and sell the rip, you should find some price your happy with and stick to it. If you thought CSL was worth $320 for example, well it appears you were wrong in hindsight, but it also means you have had plenty of buying opportunities and waiting for another big dip would have had a big opportunity cost. + + + + +https://preview.redd.it/j303eswlxim71.png?width=554&format=png&auto=webp&s=37d8dec6f564a4fd6bfb36fb9ca98c072d9cd4bc + +This brings me on to probably the most important point which is opportunity cost. As Peter Lynch likes to say, more people have lost money waiting for a crash then they ever did from a crash. Now this isn’t possible if you don’t include opportunity cost, but if you include opportunity cost which is very big and real, then you realise trying to time dips and rips within the market is not investing…its just trading or gambling. I’m running out of ways to say the same thing but if you draw a diagonal line going up and you ask someone to pick a point on the line in hindsight they want, they will pick the bottom where you started, not at some ripple where it wasn’t straight up half way along. The same is for the markets, if you think they are overvalued then write down why and stick to it until it changes, just like if you think they are undervalued don’t wait for some silly 2% and then swap sides because it makes no sense. This is the same for a stock, for me personally its PME. I thought they were overvalued pre results at $55 and they ripped after results, but I didn’t buy because I think $40 is more of a fair value to get back in. Until you learn how to do basic stock analysis and figure out a rough price for a stock then any dip may make the stock look cheap, but in most cases with boomer stocks you’re better off just buying in if you want to hold long term and then just waiting. + +One thing I want to touch on quickly is Dollar Cost Averaging (DCA), which is quite popular for people bag holding. I personally don’t mind this strategy, its not one I use, but I can understand why people use it. If you are holding a stock for say 10+years and you aren’t sure how to value it then buying in once a month or every 3 months is great, because long term presuming the company is great it will slowly go up and when big dips do happen you will get the benefit without panicking every 2 seconds on whether you should buy because it’s a red day. This is possible with dozens of large companies from the the big 4, MQG, BHP, WPL, CSL, COH, PME, tech stocks and so on. The issue here is you need to pick a quality stock obviously, because a pile of shit is still a pile of shit in 10 years, it will just be smaller and worth less if it survives that long. + +Another summary with new examples! If you are investing long term a day or week of small red is not a buying opportunity or some great stock sale because stocks were lower 1 month ago and nobody was screaming buy then…yet because the stock is higher but red it is a buy? You wouldn’t buy a quarter pounder meal for $25 because it has a 50% sale sign next to it when you know its only worth $10, you would just buy something else or wait for it to hit $10. I’m struggling to figure out how to type this but if the market wasn’t undervalued 1 month ago at lower levels, its not magically undervalued now at higher levels because it’s a red day? That just doesn’t make sense, but ramble over and thankyou for coming to my TedTalk! + +Also, as market recaps have died, I thought I would start doing quotes again but at the end of these posts! + “It is important to draw wisdom from many different places. If we take it from only one place it becomes rigid and stale.” -Uncle Iroh +It seems silly to me to have 20k+ just sitting in savings. Shouldn’t I save it up in an ETF? Probably a Vanguard one, right? + +I’m close to 20k currently. Already saving for retirement and already have an emergency fund…just seems weird to have anything over 10k not in something that will give returns…especially when I’m probably going to be waiting for about a year at least. +Seems like everything is mighty green in this slowly CONSTANTLY rising market. + +&#x200B; + +How bad did it hurt in the barbarian times of Covid-19 fear? +I'd like to be able to run my trading more like a hedge fund. I'm not looking for funding just trying to deduct costs. + +Im looking to deduct education, subscriptions, equipment, tools. It would also be great to elect mark-to-market. + +Anyone do this? Or has anyone done this? +I get the general gist that maybe it's not worth setting an entity up? + +Thanks! +NFTs are probably the most hated thing on the internet right now. I can understand why : stupid apes jpegs and the "crypto-bro" subculture is kinda annoying. + +But here is what a lot of people need to understand : NFTs are much, much more than jpegs. **It's a piece of technology that has the potential to revolutionize a lot of things in our daily digital lives.** + +Let me illustrate my point. Last week, there was an ETH hackaton organized by ETHglobal. In two days, participants created 255 different projects related to NFTs. Here's some very interesting projects that have nothing to do with "stupid jpegs" : + +* Creativerse, a Minecraft server connected to Ethereum where lands and buildings are turned into NFTs - that means that nobody can censor you. +* 0xPhotos, a stock photography marketplace that enable creators to get royalties everytime their photo is used. +* veNFT, a DeFi projects that gives rewards to owners willing to stake their NFT. +* ENS-Signature, which aim to integrate Ethereum Universal Sign-In into official documents such as DocuSigns. + +I think I've made my point : we are in the very early stages of a groundbreaking technology going mainstream. In ten years, those of us who choose to invest in this sector will be called "lucky" by the very same people that are laughing at NFTs right now. + +Keep your mind open. Don't believe the lies ignorant people are telling you. DYOR, and you will see a lot of opportunities. **NFTs will be everywhere in our digital lives in less than a decade.** + +(I'd like to give credit to Twitter user CroissantETH for opening my eyes about this subject. The projects listed above are from one of his thread.) + +(I swear to god, the first person to reply "bUt I cAn RiGhT-cLiCk AnD sAvE tHe JpEgS!!1!!" is getting replied to with a very mean GIF. You've been warned.) +Most of the posts here are related to Mutual funds as compared to direct equity. +I would like to hear your stories about how you picked that particular stock. How did that eventually turn out for you and mistakes you did, if any. +I've seen numerous investors who seem to scale nearly as fast as they can find the deals. And it's amazing! +The part I'm struggling with is... how? + +I get using private money loans for fix and flips. I get playing middle man on a double close wholesaling deal. But I have to admit, when it comes to BRRR - the moment they say "And now we just refinance the property to reinvest the money into our next deal" I'm always left asking... HOW?! + +What institutions are they using to get a refi cash out on their deals? I thought most conventional finance has a cap on how many notes you could be carrying (somewhere around 5-7) before they deemed you "unlendable". 🤔 Help me out here? +Went shopping for mattresses, and the employee offered to check and see what we would be approved for if we decided to finance. We agreed, and the employee took down a lot of information (SSN, address, DOB, income, etc). He came back and said we were approved for something around $7800 in financing. + +We ended up leaving and going to a different store. A few weeks later, Credit Karma reports a 50 point hit on our credit. Then a day or two after that we get a letter from Synchrony Bank giving us our two new credit cards. That we never signed for or agreed to. + +I called the bank immediately, cancelled the account, and explained multiple times that we did not sign up for this account, and that we were misled. We only agreed to checking to see what we could get approved for, not for actually getting a card. The rep on the phone was helpful, and got the request submitted. + +Fast-forward to a month later, and I get this letter: +http://i.imgur.com/YnKphpT.jpg + +I've replied via their online contact form explaining the situation again and demanding the account be removed from my credit history. I'm not sure what I should do next. Suggestions? + +Edit: Well this exploded (and first gold to boot! Thanks, Stranger). I've gotten several PMs from folks in both Synchrony and Mattress Firm offering to help, and a lot of really good advice here. I have a lot to read, more information to gather, and hopefully can get this resolved amicably. I really, truly appreciate everyone's insight. + +To start, I really don't talk finances with people. Once in a while I do add my thoughts on a convo. + +The idea that you can live comfortably without over consuming, by saving/investing, by creating additional income and deferring some gratification has put people in to a state of shock. + + +Does anyone else run in to this? + +Edit: Looks like it's worth clarifying, these interactions stem from friends/family divulging their financial hardships, not proactively offering advice or telling them how they should spend their $. +Just bought my first shares of VTI today! Thank you to this Reddit community for teaching me about investing and vanguard. I have a long way to go but I’m glad I finally started ☺️ +Last year I bought 1 ETH when it was around 100 dollars. Today I bought an iPhone by selling that ethereum. + +I have never had such a fancy mobile in my life, this is my first purchase ever from my cryptocurrency “investment “. + +I can’t tell my family because they will get angry that I wasted the money on lavish stuff. Can’t share it with my friends because I don’t want to tell them I “play around” with crypto. + +But I wanted to share my happiness with someone, and I thought I’ll share it with you guys 😋. + + + +Edit: +Some people who have recently joined cryptocurrency contacted me through DMs asking me for tips. I thought i’ll just post it here. + +If someone wants to get into crypto to get its feeling, without throwing in their own money. Coinbase earn and WeNano are both nice legit options for you to earn some crypto worth ~$40. + +And do try to get these links and apps on your own through the app stores, please do not click on links that are shared by someone in your DMs. Just a healthy practice we all should follow to keep ourselves safe. +I found an [article](https://www.crypto-news-flash.com/emerging-technologies-are-the-catalysts-towards-achieving-a-carbon-neutral-world/) about emerging technologies being catalysts for a carbon-neutral world. + +I've been reading a lot of stories about how cryptocurrencies have large carbon footprints and have a harmful impact on the environment. However, after reading the article, it sparked a question: what if there is a way to counter this? + +Since the entire currency is built on solving arithmetic problems using electricity, I understand that mining cryptocurrency requires a large amount of computing power. The power required to find each new coin rises as their value rises and mining success rates fall. + +I like the idea where we can stake our crypto and then allocate the returns to social initiatives that aim for carbon neutrality. + +How do you think crypto can help solve climate change? +Just watched Matt Kohrs openly suggesting to his 10k viewers not to DRS their shares because they wouldn't be able to sell during moass. He then proceded to ignore all the evidence chat presented to him, while his mods were censoring pro-DRS comments. Thankfully most of his audience is popcorn holders, so it doesn't affect us that much, but you should be aware of these youtube shills anyway. They're there for the clout and therefore easily bought. +less than 10 min ago on their subreddit +------------------------------ + +Hello everyone. + +I wanted to provide a quick update on the number we provided regarding GME (GameStop Corp) shares available to short. + +As you know, one of our counterparties provided an erroneous number for GME. We have been in touch with this firm and based on conversations, we are hopeful they will publicly provide more details on this unfortunate incident. + +Each day, firms like ours receive data from dozens of other brokerage firms, banks, and mutual fund companies that list the number of shares they have available to lend. This data is fed into our systems and contributes to what is highlighted on Fidelity.com. + +After this issue was identified, the counterparty verified it was an error and we corrected it. + +While we have many procedures in place, we're going to take a couple of additional steps. + +First, we will work closely with our counterparties to confirm they have controls in place to provide accurate data. + +Second, for this issue specifically, we are going to strengthen our ability to find data anomalies, including unusual daily variations in inventories. + +Fidelity has always prided itself on putting our customers first, and I want to thank you all for your feedback. + +This forum is really valuable to us, and we look forward to continuing the conversation. + +Thanks, + +Scott Ignall, Head of Retail Brokerage at Fidelity +So today is one of the best day in my life, finally I have achieved what I dreamt of. +It took me 3 months of FOREX trading and 2 years of learning how to trade and today I can say my capital has finally grown by 650% which for some reason I kept it as my goal (just a random no.). +I have read books, bought courses, did internships and looked for strategies in YouTube but the only thing that gave me this return was DISCIPLINE. +I hope my little story gives you some motivation to keep and earn more than you can imagine. +Those of us that have been here since the days of the original wall street wagering sub have been told thousands of times by shills and meltdowners that the shorts had covered and that our evidence wasn't conclusive. We all knew that the shorts hadn't closed; there was a huge preponderance of evidence they hadn't (going all the way back to the bots pushing silver on the original general stock sub, married puts, shorted ETFs, reporting rules changed, 3/10 drop with premature "news" articles, dark pools, and so many more I can't even remember). But there was always a tiny bit of room for the doubters to try to sow FUD. + +Now that it's confirmed that Computershare received the splividends and gave them to DTCC and that it's been confirmed by Fidelity and some others that brokers were told to process a normal split and were not given the shares, there is no more room for doubt. + +We postulated that there were far too many synthetic shares in existence for the shorts to have closed. If we were wrong, there would be no issue processing the splividend. The *only* possible reason DTCC couldn't pass them on to us would be if there weren't enough to go around, thus proving our hypothesis. + +Now that this is known and the DRS numbers keep ticking inexorably higher, the writing is on the wall. It's now a matter of when, not if, the hedgies and prime brokers will have to face the music for all this. + +In Dan Carlin's Hardcore History podcasts, he describes occasions where WW1 and WW2 had been decided and won, but wouldn't end for several months after. This is where we are. We've won, we just have to see it through until the end. There's no stopping us now. + +Edit: Another huge piece of evidence for me was the warehouse fire. I understand the reasoning for why we didn't dwell on it, but as a firefighter in a district with several warehouses that are a million+ sqft. in size, fire protection systems are not at all easily disabled. The sprinklers all function individually. *Especially* one with such sensitive contents. +I see quite a few threads on this sub asking about taxes and pay as an “independent contractor” or “1099 employee” where the OP goes on to say they have a set schedule, set work assignments, and get paid at regular intervals. This IS NOT what an independent contractor is, and there’s a good chance the worker in question is being misclassified as a contractor when they’re in fact an employee. + +Employers misclassify employees as contractors in order to avoid paying payroll taxes like unemployment insurance premiums and the employer’s share of FICA (Social Security and Medicare) withholdings. The misclassified workers also don’t get the protection of worker’s compensation or other employment laws. It’s a rampant problem (especially in recent years), and any “independent contractor” should take a careful look at their business relationship. + +There are laws in most states that distinguish a true contractor from an employee, and the IRS has its own set of standards (see [https://www.irs.gov/businesses/small-businesses-self-employed/independent-contractor-self-employed-or-employee](https://www.irs.gov/businesses/small-businesses-self-employed/independent-contractor-self-employed-or-employee)). In a nutshell, being a contractor or employee comes down to how much control the business paying you has over your work and finances. + +* If the business you’re working for can tell you when, where, and how to work or has set methods/procedures, you’re probably NOT an independent contractor. +* If your job performance is measured against the business’s standards, you’re probably NOT an independent contractor. +* If the business you’re working for reimburses your expenses, gives you tools/equipment and materials to do your work, or pays you by the hour, week, month, etc., you’re probably NOT an independent contractor. +* If you only work for one company, provide services to them full-time, and do so continuously (i.e. not project-based work), you’re probably NOT an independent contractor. +* If you can quit or be fired at any time without cause/notice or financial repercussions (i.e. working at-will), you’re probably NOT an independent contractor. + +If you think you might actually be an employee based on factors like these, but are getting a 1099-MISC instead of a W-2 and are being treated as a “contractor,” **Please Report It** to your state’s revenue agency, unemployment agency, and/or labor department. You can also file Form SS-8 with the IRS, but the IRS is very underfunded/understaffed right now, so you may want to reach out to your state’s agencies first. Your state can probably do an audit and then refer the findings to the IRS on its own. + +Worker misclassification is a HUGE problem that needs more attention. Businesses might save on payroll taxes by passing off employees as “contractors,” but the misclassified worker gets all of the tax liability and none of the protections. + +tl;dr – Employees get misclassified as “independent contractors” all the time. Know the factors and report it if you think something’s amiss. +$700k NW, 32 y/o, $325k W2 income, HCOL area, married with 1 kid and another planned within the next 1-2 years. + +I come from a lower middle class background. One of my earliest memories is my parents filing for bankruptcy and us having to move in with my grandparents. I was never encouraged to do well in school and never graduated from college. + +Lucked into sales and then management for a small blue collar company. I consider myself extremely fortunate to be in the position I'm in. + +Life is a grind though. I constantly find myself thinking about Exercising, Cooking, Pacticing guitar, Playing music with a band, Going out with friends, Having sex with my wife, Playing poker, Traveling, Smoking a good cigar... + +I almost never do any of these things. My life is consumed by work and taking care of our 5 m/o baby. My guitars collect dust. Meals are mostly microwaved. No friends, no travel. I dropped out of my band because I simply don't have the time. + +I just got another big promotion and my income is going to accelerate to $400k-$600k over the next 1-3 years. At the same time I'm feeling very burned out and I'm just not enjoying my life. + +My father died of a massive heart attack 1 month after his 40th birthday. He never did anything with his life aside from working to support his 5 kids. I can't help but feel I'm on a path to do the same... + +I would love to hear some ideas around: + +-Work/life balance. How do you proactively schedule in "you" time without detracting too much from work and family? + +-For those of you who have had to grind your way to success, How do you keep yourself motivated? + +-Having kids makes things really difficult. Life went from "work hard, play hard" to "work hard, work hard". At what age can you start doing things you enjoy again? + +-Is this just what family life is like as an adult? Do I just need to gut up? + +-I'm considering getting one or even two au pairs, just so I can actually spend some time doing things I enjoy. This would wipe out a huge portion of my saving rate though so... What's the point? + + +EDIT: Just woke up and I am blown away by all the comments. Thank you everyone for your insight and support. +Long article, but I'm pretty confident a lot of this sketchy behaviour is occurring right on this very sub: + +* * * + +https://www.theglobeandmail.com/business/article-how-the-covid-19-pandemic-fuelled-a-boom-in-canadian-stock-promotion/ + +Cromwell Coulson, the CEO of New York-based stock trading platform OTC Markets Group, is getting sick and tired of trying to stomp out Canadian stock promotion scams. + +OTC plays host to more than 10,000 early-stage speculative stocks and every day it publishes a list of companies it has identified as running misleading stock promotions. In 2019, 30 per cent of troubling campaigns were by Canadian companies. + +But since the global outbreak of COVID-19 last winter, there has been a boom in pump and dump scams, in which shady promoters use any means necessary to push up the price of a company’s shares, then sell their stakes at huge profits just before the stock collapses. Those promoters often focus on a hot sector, be it mining, bitcoin, cannabis – and now, bogus coronavirus therapies. + +This year, 44 per cent of problematic promos on the OTC were spearheaded by Canadians. One day in September, they made up all 10 of the stocks the platform flags daily as the most suspect. + +Mr. Coulson says vulnerabilities in Canadian securities laws, the country’s patchwork system of provincial securities regulation and the lack of teeth to go after scam artists allow promotion schemes to flourish. + +“Our goal is not to run a dating site where everybody is beautiful, and smart and rich. Our goal is that the market price of securities represents the value,” he said. “There is this industry of promotion [in Canada] that is very opaque. I would like to see much more transparency.” + +In the United States, national regulatory oversight by Washington’s Securities and Exchange Commission (SEC) is much tougher than in Canada. As a result, Canadians – operating here or in other countries – have been behind many penny stock promotion scams for decades. Among the worst offenders in recent years, John Babikian, a.k.a. “The Wolf of Montreal,” who reportedly earned US$100-million manipulating penny stocks. + +“This is not a new phenomenon,” said Steven Peikin, co-director of enforcement with the SEC until August. “There has been outsize involvement of Canadian nationals and Canadian issuers in microcap schemes.” + +While greater powers and technological advances have enhanced the ability of Canadian regulators to pursue aggressive investigations, their track record in enforcement remains abysmal. The few offenders who are sanctioned are generally subject to temporary provincial bans from capital markets and non-enforceable fines. + +In the most recent fiscal year ended March 31, Canadian regulators concluded just two pump and dump cases, levying $105,000 in fines. Only a handful of cases are currently open. + +In the United States, since the beginning of the pandemic, the SEC has brought charges in six COVID-19 cases, in which companies or individuals allegedly made misleading statements about various treatments, tests and protective equipment, and issued 37 trading suspensions. Just this past summer, five Canadians were charged by the SEC in a US$160-million pump and dump swindle involving deceptive claims of therapies. + +Canada’s four biggest regulatory bodies, by comparison, have brought only one enforcement case and issued two trading suspensions related to COVID-19. This despite a warning issued by regulators in April that they were seeing an uptick in pandemic-related investment scams. The Canadian Securities Administrators (CSA), an umbrella group that represents Canada’s 13 securities regulators, declined repeated requests for an interview. + +“I have not seen much regulatory action in Canada,” said Joseph Groia, a former director of enforcement of the Ontario Securities Commission (OSC) and now one of Canada’s best-known securities litigators. “There’s a huge amount going on in the U.S.” + +Why isn’t more happening here? + +Over the past six months, The Globe and Mail interviewed more than 60 senior figures in regulation, litigation and law enforcement in North America, companies targeted by pump and dumps, a prolific white-collar whistle-blower, CEOs of stock exchanges, recipients of pump and dump materials, and stock promoters. As part of its investigation, The Globe also reviewed thousands of pages of disclosures and regulatory actions going back to 1987. + +The results are frustrating in many respects. While the breakneck pace of technological advancement means many fraudsters will likely stay one step ahead of regulators, plenty can be done to break the chain. The big question: Does Canada have the will to do it? + +Canada’s status as a haven for shady stock promotion is a function of market structure, history and culture. Our country has long had a heavy concentration of small resource companies that need to raise money early by going public – developing mines and oil reserves is capital intensive. + +But a small public float and a cheap stock price also make these stocks vulnerable to manipulation. By the 1930s, Canada was already notorious for telephone boiler rooms that targeted investors across North America. The advent of the electronic information age in the 1990s made disseminating fraudulent information infinitely easier. The ease of remaining anonymous online also made it much harder to catch offenders. + +And while misleading stock promotions used to be perpetrated mainly by company insiders, a growing number are now carried out by third-party shareholders. + +This past June, the RCMP and two provincial securities regulators confirmed they were investigating a cross-country stock promotion scheme touting tiny B.C. mining company Crestview Exploration. Among the recipients of a nationally distributed pump and dump letter about Crestview was Cynthia Campbell, head of enforcement at the Alberta Securities Commission, as well as the author of this article and retired RCMP white-collar crime investigator Henry Tso. + +“I have dealt with many of these files,” Mr. Tso said. “There’s tons of them. Stocks are being manipulated. There’s also lots of insider trading that never gets caught.” + +Crestview executives were frustrated, too. “We had no part of it. We want no part of it. It is a disgusting form of promotion,” CEO Glen Watson said. + +One of the biggest structural weaknesses in Canadian enforcement identified by many sources is the lack of a single Canadian securities regulator. The U.S., with a population of 328 million, has one federal securities act and one federal regulator. Canada, a country of 37.6 million, has 13 provincial and territorial regulators, and 13 disparate securities acts. Budgets, staffing and powers of enforcement also vary. + +British Columbia has tougher laws around stock promotion than other provinces, in part because the Vancouver Stock Exchange, which was merged into the Canadian Venture Exchange in 1999, was long known as grand central for penny stock scams. Alberta can lay quasi-criminal charges directly on offenders, but many other provinces can’t. Whistle-blower rewards offered by regulators also vary, with Ontario offering up to $5-million, but some other provinces offering nothing. Enforcement bans in one province aren’t recognized in others. + +The different rules across Canada and the lack of co-ordination mean that “wrongdoers can triage where they’re committing their wrongdoing based on the enforcement of various provincial regulators,” said Stephen Cohen, former associate director of enforcement for the SEC. + +Maureen Jensen, chair of the Ontario Securities Commission until this past April, said Canada is a mess of bureaucracy, infighting between commissions and provincial politics. “The problem is you have 13 acts, 13 legislatures that decide whether what their securities commission is asking for is worth their effort and 13 different groups of advisers who have a different view on how easy it should be to prosecute people in the financial market,” she said. + +“We should have a single securities regulator for Canada. It’s ludicrous that we don’t.” + +But repeated pushes for a national regulator have stalled when all provinces failed to agree, the most recent under then-prime minister Stephen Harper’s majority government, elected in 2011. + +Basic laws are also looser in Canada. In the U.S., paid stock promotion and amounts must be disclosed. In Canada, apart from B.C., paid promotion only has to be disclosed if it’s for “investor relations” services. There are many loopholes where payments don’t have to be disclosed – incredibly including campaigns that can be characterized as just “raising awareness” about a company. + +Even if paid promotion is disclosed, the amount doesn’t have to be specified. “No one knows who’s being paid for what,” Ms. Jensen said. “People can promote and not be visible.” + +The loose laws are one reason criminals still turn to Canadians for shifty stock promotion. In 2017, an individual indicted for securities fraud around a planned pump and dump of cannabis company BioCube Inc. told the FBI he intended on using Canadians to promote the U.S.-listed stock because regulation was much lighter here. U.S. authorities stopped the scheme before it occurred, and the CEO of the company was sentenced to three years in prison. + +Even if pump and dump offenders are caught in Canada, prison time is extremely rare. Fines and temporary provincial bans from running companies are much more common, but many offenders simply don’t comply with them. + +“These are people who don’t care about regulatory orders. There’s a good chance they’re not in that jurisdiction. If an order is made, they probably wouldn’t comply with it, " Mr. Groia said. “The only way you can deal with [a pump and dump] is find out who did it, track them down, prosecute them and send them to jail. Nothing else makes any sense.” + +But that is much easier said than done. + + +Set up in 2003 to be the equivalent of the FBI’s white-collar crime unit, the RCMP’s Integrated Market Enforcement Team (IMET) was supposed to send more offenders to jail. Just two years later, the team staged a dramatic raid on Scotiabank’s headquarters on Bay Street, with a trailer-length van emblazoned with IMET’s logo and about a dozen police cars pulling up, and agents hauling out documents in connection with an investigation into one of the bank’s client companies. + +The idea was to turn RCMP officers into specialized financial market cops by bringing in Bay Street experts, such as forensic accountants, to help IMET. Yet when The Globe asked the RCMP for examples of notable pump and dumps that resulted in convictions, the force only cited one in the past 17 years. + +“The expectations and the hope that we would have a meaningful criminal enforcement program at the federal level have not come to pass,” Mr. Groia said. “IMET’s been a huge disappointment.” + +Seattle-based whistle-blower Yolanda Holtzee has spent almost two decades reporting pump and dumps to U.S. and Canadian regulators. In her dealings with IMET, she has been frustrated by the turnover in staff. “Junior members are never there long enough to be proficient,” she said. + +Vance Morgan, head of the biggest IMET team in Canada, says officers usually stay a minimum of three years, but many move afterward – some because they are promoted. One reason IMET’s record isn’t great, he says, is the lack of some extraordinary powers U.S. authorities have, including their ability to tap the federal terrorist act to obtain documents. + +Other experts say Canadian exchanges could also do a lot more to cut down on shady stock promotion and could look to the U.S. for guidance. + +If OTC Markets believes a company may be complicit in a promotion, or isn’t co-operating in disclosing additional information, it routinely slaps a “Caveat Emptor” label on the company and places a skull and crossbones icon beside its stock symbol on OTC’s website. + +“We don’t want to fix things in the back room, " Mr. Coulson said. “We want to put it out for investors to see. All the positives and negatives. That’s an approach which, short term, is painful and others will knock, but over the long term [it] builds more efficient markets.” + +Canada’s TSX Venture Exchange and Canadian Securities Exchange list many companies that also trade on OTC. But neither exchange comes anywhere close to shining such a harsh public spotlight on companies. + +Senior figures in North American regulation also point to basic structural holes at Canada’s junior stock exchanges: low fees and lax rules that make it easy for promoters to game the system and virtually guarantee huge returns from taking tiny untested companies public. + +The formula was established decades ago: Promoters identify a hot sector, acquire a dormant publicly traded shell company, change its name, issue “seed stock” to founders, do a few financing rounds at increasingly higher share prices, come up with a great “story” to sell to retail investors and, finally, take the company public. That gives the promoters the liquidity they need to sell at an enormous profit. + +“[For] the people who kind of run these things as scams, it’s all about getting it listed, getting the share price up and getting off your stock,” said Jamie Keech, a mining engineer and resources financier. + +Then there’s the matter – all perfectly legal – of testing the limits on how low companies can go when issuing seed stock. Founder shares have been issued at a cent a share, a tenth of a cent or even much less. Vancouver-based junior mining exploration company Fosterville South Exploration Ltd. issued 12.75 million shares for a total capital raise of $9. The cost for the founders was $0.00000705882 a share. When the company went public earlier this year, it closed its first day of trading on the TSX Venture Exchange at $1.08 a share, giving founders a paper return of 15,299,908 per cent. + +“They’re using legal means to hoodwink the public” Ms. Jensen said of the ease of going public in Canada. “Is it wrong? Absolutely it’s wrong.” Yet, like too many weaknesses of Canadian markets, it endures. + +So what can be done to stop the rot? + +Ms. Jensen says, even under existing provincial laws, it needs to be easier for regulators to move on suspected fraudsters. That includes speeding up the timeline for obtaining court dates, the power to compel people to testify like the U.S. Department of Justice does, and possibly banning the use of shell companies to go public. + +“It can’t be so difficult to prosecute people who are intentionally abusing the market, " Ms. Jensen said. + +The whistle-blower, Ms. Holtzee, says that many pump and dumps are now perpetrated by computer geeks in their 20s who are proficient in spreading fraudulent information over the web, and then disappearing by using encryption. Canadian regulators, she says, need to hire young STEM (science, technology, engineering and mathematics) graduates – “dot connectors” – who can track scams as they’re being perpetrated and stop them right away. + +Mr. Groia also believes much more money should be spent on detection rather than prosecution. He says by investing as little as $1-million a year in computer-savvy investigators, Canada could cut pump and dumps by 60 per cent to 70 per cent. + +Some observers claim that stupid or ignorant investors are as much to blame as fraudsters for pump and dumps. If only they would vet an outlandish claim in a newsletter or on a stock promotion website against public filings, it would be obvious that a miracle COVID-19 cure is a con. + +But that’s not easy. SEDAR, the website that houses public flings by Canadian companies, is terribly designed. Only sophisticated investors are likely to know where to find critical information and then make sense of it. Canadian regulators need to push companies to make it far easier for average citizens to find what they’re looking for, and for filings to be written in language that can be easily understood. + +The past decade has seen pump and dump campaigns move from junior gold stocks, to marijuana, to bitcoin and back to gold recently with bullion prices soaring. And now there’s COVID-19. + +Ms. Jensen said the latest trend involves crooks manipulating the share prices of illiquid companies by “hijacking” the trading accounts of investors, allowing scammers to use other people’s money directly to commit crimes. + +The technology for those thefts exists. So does the technology to stop them. Unfortunately, it appears scammers and proponents of reform don’t think that will happen any time soon. +My fiancé and I are currently saving up for a down payment on a house. We both work 50-60 hours a week; after taxes I make around 20,000 and he makes around 35,000. Rent is 1050 a month and utilities are around 200/300. That’s not including our own personal payments (my car payment, his, etc). We split the costs nearly even, he covers utilities and I cover grocery shopping. + +Currently we have just over 11,000 saved out of our 30,000 goal. So almost halfway there! I’m hoping to be able to find another full time job with benefits that pays more than 12/hr. But I was wondering in what ways can we better budget to save? I know it’s a fairly broad question but I’d just really appreciate some advice. I try to budget as is but could use a few additional pointers. Thank you. + +EDIT: Just wanted to put in some additional information for clarification, and thanks to all who have replied. I appreciate it! + +My fiance does not have a degree but is considering getting his CDL. He works for a major delivery service, but it's tearing his body apart. He is about $8,000 in medical debt. I have a bachelor's in English and have no debt. + +I got mixed up, my fiance does not make monthly car payments as he was gifted a car that was already paid off. I actually inherited my car and pay $120 a month. +Why is it taking so long? We all know he is a crook, so whats the deal? Does he evidence against some politician and thats stopping him being in Jail right now? This doesnt add up to be honest. He also has a NYT speech he will be making along with guys like Gates. He doesnt deserve to be anywhere near a great innovator and man like gates, he needs to be locked up in jail. +It just doesn’t work like that. It’s either decentralized or it’s not. You don’t get to pick and choose when or why it’s decentralized just because you don’t agree with the use case. + +Obviously, it sucks that psychopaths take to crypto to hide illicit activity, and that it gets publicized in a way that paints crypto in a bad light. But if we want crypto to maintain its autonomous decentralization, we have to accept all of its shortcomings. + +Crypto scares the shit out of the powers that be for all the reasons we love it. It gives power back to the people, unfortunately there's bad people out there and fear sells, so the media likes to focus on it. + +I don’t agree with anything that’s going on in Russia right now, but I do believe in crypto maintaining its decentralization. +I had sent her 240 sats via Lightning to a mobile wallet to show her how great it is. + +Now she has deleted the app. And we had not saved the seed phrase. + +You're welcome. +Hello fellow HODLers. + +I saw a post on the daily discussion around MC being added, being a digital marketing guy (done some SEO) - it looks like members that apply are being shown on google - you can see everyone who has applied using the following - + +1) go to google +2) type in "site:https://entethalliance.org/member/" + +You can see everyone who has applied - you can even change the date range with advanced search. + +Looks like MasterCard have applied - + +http://imgur.com/a/ji9C1 + +Strong interest in building their settlement and clearing service. + +This is Peter Kopp - https://www.linkedin.com/in/peterhkopp + +Thoughts? + +Edit - some people can't open imgur link above - reposted to another site - https://ibb.co/h7WuL5 + +Edit 2 - Feel free to follow me on Twitter for ETH updates etc. + +@MotionError +**Enough about stocks, they are boring... lets get into making some real money. Options.** + +But in all seriousness, recently there has been a story about someone commiting suicide from trading options and thinking they lost a lot of money, the articile is here [https://www.ft.com/content/45d0a047-360f-4abf-86ee-108f436015a1](https://www.ft.com/content/45d0a047-360f-4abf-86ee-108f436015a1) + +So here is some info on them: + +**What is an option?** + +An option gives you the right to buy/sell something at a predetermined price at some point in the future. + +Sounds like a lot of waffle eh... But lets make sense of it. + +Imagine you want to buy a house but you are unsure if house prices will go up or down... the house costs £200k. The seller says to you, to put your mind at ease, you can buy it at any point for the next year at £200k if you want, but if you want that 'OPTION' you have to pay £1000. Sounds interesting eh... If the house prices increase in general and now the house is worth £250k, you can buy it for £200k and flip it for 49K profit, if house prices drop, and the house is only worth say £150k, you can just walk away and youve only lost £1k. + +Lets break this example down further to see whats the max you can lose/gain + +Max loss: £1000 - you cant lose more because you dont HAVE to buy the house + +Max gain: unlimited - if house prices increase to infinity, you payoff is infinate, just as an example. + +Ok so you decide to go ahead and buy the option for £1000 instead of buying the house. But you still have £199,000 left, what you gonna do with that cash? Well why dont we go ahead and buy another 199 'options'. Now weve spent our entire 200k on 200 options, if each house increases by 50k, you have the potential to make 200 X 50k - 200k (which is our inital cost to purchase the options) so £2.45M. WOW, look much money you can make! + +But if house prices decrease to £150k each, then we dont buy any of the houses and weve lost out entire 200k, booo. If we didnt do this whole option thing, going to our example of an end price of 150k or 250k we would have made or lost £50k, ok we didnt make 2.45M but we didnt lose all our money either. + +As far as im aware 'options' dont exist on specific houses BUT they do exisit in the stock market. The same way in our example you can buy an option, you can also be the seller of the option and sit on the other side of the trade. + +A key difference between our house example and trading options on stocks is that in our example the seller of the option OWNED the house and sold you the option. So even if the house price jumped to £1million, the seller of the option missed out on that £800k gain in house price but he doenst have to fork it out of his savings because he is just transfering you the asset they already own. If they sold you the option on a house they dont already own and the house jumped to £1m, they would have to buy the house for £1m and sell it to you for £200k, they would then have to fork out the £800k. An option play where you own the underlying asset is called a covered option vs a naked option where you dont own the underlying asset. + +The option which gives you the right but not the obligation to BUY something is called a 'CALL option'. + +The option which gives you the right but not the obligation to SELL something called a 'PUT option'. + +If you are buying an option you are LONG the option + +if you are selling an option you are SHORT the option + +You can be long or short a call option + +You can be long or short a put option + +These are all different things, 4 differnt payout paths. You can draw the payouts on a peice of paper to help you understand each one. You can goolgle the charts to see them but you might get confused. + +Back again to our house example, we were buying a CALL option, the seller was selling us a CALL option, there was no Put options involved. + +If you want an example of a PUT option, using houses, imagine you own a house, worth £200k, and you arent sure if its the right time to sell, you can buy an option to sell it at anytime at say £200k. This is a PUT option. If house prices drop, great, sell your house for £200k. If they increase in value, walk away from the contract and sell your house in the general market for a higher price. Again in this example we already own the house (asset) we are buying the option on, this is an important point. + +So how can you lose a load of money by buying and selling options? To lose a lot of money all you have to do is sell an option on an asset you dont already own. Naked options! + +EXAMPLE TIME! - but using stocks this time + +You think the stock price of TESLA is overpriced and too high. The stock is trading at $1000 a share. You say to someone, you would sell them the option to 'buy shares at a price of $1100 at anytime in the next month', and you will charge $200 per option. You will be short a call option. + +So lets dig deeper into how you are positioned. Immedaitely you have made $200 per option you sell, GREAT. Also you have $100 of head room before the buyer of the option would 'exersice' their right to buy the shares for $1100 each. + +If the stock price drops to $900 - you have made $200 per option you sold + +If the stock price sticks to $1000 - you have made $200 per option you sold + +if the stock price goes to $1100 - you still make $200 because at this price the buyer of the option is indifferent on exercising their right. + +between 1100 and 1300 - your $200 profit per option decreases in a linear fasion to 0. + +at $1500 - the buyer will come to you and demand to buy shares off you for $1100 each (this price you set is called the strike price), you will have to buy each share for $1500 and sell them for $400 loss each. Remeber you did make $200 from selling each option though, so you only lose $200 per option you sold + +Anything above 1300 - you LOSE MONEYYY! - and your loss is unlimited as the stock price can go anywhere, imagine if it went to 10,000 per share. + +**Combigning options for complex payoff structures:** + +YES YOU CAN! - If this was your first intro into options and you havent got confused so far this section will confuse you so lets not go into it. + +But just imagine you buy a call option and you buy a put option - now you make money if the price goes up or down.... right? + +**How much does an option cost?** + +depends on how long the option is valid for, you can have a 5 minute option or a 10 year option, the longer the option the more expensive it is + +also depends on the strike price + +also depends on the volatility of the asset price + +also depends on the risk free rate + +Dont get into how optons are valued for now. + +**Where can i trade options** + +IG index + +Robinhood + +Trading 212 + +**Should i trade options?** + +not unless you are 100% comfortable with them. before buying or selling an option draw out your payoff graph, atleast for the first option trade you do! + +&#x200B; + +Options can both increase and decrease your risk, use them wisely. +Many strategies recommend 30-45 DTE (e.g. tasty trades). However, the same people almost always recommend closing the trades early. What's the point of trying to maximize theta decay if we close trades early? If theta decay is the fastest dueing the last week, won't closing early be counter intuitive? +Guys. + +This is CheckMate Theory. + +This is a Possible DD because it is a REQUEST summoning DD experts to evaluate the following premise. + +Everybody wake up. + +# 1) THE MOASS ALREADY STARTED OFF-EXCHANGE + +https://preview.redd.it/dwrwe52pu2h71.jpg?width=728&format=pjpg&auto=webp&s=943b30ea79f4655bfa1884819b250881e592339e + +# Do NOT sleep on the 8/11/2021 $3,653.56 GME share price for people transferring out of their broker. + +~~I lost track of the screen shot but will go digging tomorrow; if some one has it or~~ others are willing to come forward with your screen shots of shady cost-basis after changing brokers, please post here or get in touch because I want to aggregate those screen shots and make an informative video. + +There, we found the original post, go explore for yourself: [https://www.reddit.com/r/Superstonk/comments/p2dqhj/check\_out\_this\_average\_share\_price\_after/h8m0lw8/](https://www.reddit.com/r/Superstonk/comments/p2dqhj/check_out_this_average_share_price_after/h8m0lw8/) + +Image reposted, all credit to [u/Outrageous-Garbage99](https://www.reddit.com/user/Outrageous-Garbage99/) + +https://preview.redd.it/bvefva1z92h71.jpg?width=828&format=pjpg&auto=webp&s=b3a565446495922594319d36e4b9f6ffcb21fc1a + +# 2) COMPONENTS OF THE CASE-STUDY + +I am growing a list of use-cases to frame the problem. I encourage those willing to come forward. If you submit to me in PM you will remain anonymous. Mods request you blur the total share count / total price if submitting an image of your suspicious cost-basis: + +[https://www.reddit.com/r/Superstonk/comments/ncj1sm/if\_you\_transferred\_out\_of\_robinhood\_look\_at\_your/](https://www.reddit.com/r/Superstonk/comments/ncj1sm/if_you_transferred_out_of_robinhood_look_at_your/) + +[https://www.reddit.com/r/Superstonk/comments/nglxti/dd\_into\_fractional\_gme\_shares\_cost\_after/](https://www.reddit.com/r/Superstonk/comments/nglxti/dd_into_fractional_gme_shares_cost_after/) + +[https://www.reddit.com/r/Superstonk/comments/p2qv6g/recently\_just\_transferred\_from\_rh\_to\_fidelity/](https://www.reddit.com/r/Superstonk/comments/p2qv6g/recently_just_transferred_from_rh_to_fidelity/) + +[https://www.reddit.com/r/Superstonk/comments/ngu5xu/robinhood\_may\_have\_totally\_%C6%92%C2%B5k\_%C2%B5p\_your\_cost\_basis/](https://www.reddit.com/r/Superstonk/comments/ngu5xu/robinhood_may_have_totally_%C6%92%C2%B5k_%C2%B5p_your_cost_basis/) + +[https://www.reddit.com/r/Superstonk/comments/ngmx0x/in\_regards\_to\_robinhood\_cost\_basis\_transfer\_errors/](https://www.reddit.com/r/Superstonk/comments/ngmx0x/in_regards_to_robinhood_cost_basis_transfer_errors/) + +[https://www.reddit.com/r/Superstonk/comments/nh6dk5/robinhood\_messed\_up\_gme\_cost\_basis\_but\_others\_are/](https://www.reddit.com/r/Superstonk/comments/nh6dk5/robinhood_messed_up_gme_cost_basis_but_others_are/) + +[https://www.reddit.com/r/Superstonk/comments/ngoywd/robinhood\_transfer\_to\_fidelity\_showing\_650\_price/](https://www.reddit.com/r/Superstonk/comments/ngoywd/robinhood_transfer_to_fidelity_showing_650_price/) + +[https://www.reddit.com/r/Superstonk/comments/ngx2ag/hypothesis\_robinhood\_is\_currently\_buying\_the\_gme/](https://www.reddit.com/r/Superstonk/comments/ngx2ag/hypothesis_robinhood_is_currently_buying_the_gme/) + +[https://www.reddit.com/r/Superstonk/comments/o1jdxq/my\_rh\_transfer\_to\_fidelity\_completed\_on\_40221\_and/](https://www.reddit.com/r/Superstonk/comments/o1jdxq/my_rh_transfer_to_fidelity_completed_on_40221_and/) + +# DLauer encouraging whistleblowers to respond to suspicious cost-basis: + +[https://www.reddit.com/r/Superstonk/comments/nhtt04/cost\_basis\_and\_trade\_price\_issues/](https://www.reddit.com/r/Superstonk/comments/nhtt04/cost_basis_and_trade_price_issues/) + +# (supplementary) Price Suppression DD by u/TheDude0007 : + +[https://www.reddit.com/r/Superstonk/comments/p3eye1/proof\_of\_price\_suppression\_and\_its\_source\_and\_a/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/p3eye1/proof_of_price_suppression_and_its_source_and_a/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +# 3) WE CAN VALIDATE THE TRUE PRICE OF GME + +https://preview.redd.it/rxd8m5jfv2h71.jpg?width=540&format=pjpg&auto=webp&s=38f235405aae4f325b59dbd5e19061cfe55e66e2 + +What everyone here needs to know is if people are transferring brokers and seeing higher cost-basis it means that: + +1. Your institution could only find an authentic share for that price. +2. The NBBO does not reflect this small share volume/cost-basis. +3. The REAL price is happening off-exchange, right now before our eyes, in small amounts. + +I buy and hold for reality. + +[I buy and hold for eternity.](https://preview.redd.it/d2wuh0jjv2h71.png?width=225&format=png&auto=webp&s=236df43183306881e5ca09dce2df8e9ac1515c7f) + +The National Best Bid and Offer (NBBO) is a quote that reports the highest bid price and lowest ask (offered) price in a security, sourced from among all available exchanges or trading venues. The NBBO, therefore, represents the tightest composite bid-ask spread in a security. + +Except it doesn’t. + +Because the bad guys and regulators are pretending the data isn’t available. But I guarantee you it exists because the result is evidenced by those shareholders who fell victim to shady cost-basis when transferring off their broker. + +Where can I read transaction logs for that $3,653.56 share price? + +Do you want to learn about how someone’s cost basis for GME last week was $3,653.56? + +&#x200B; + +# 4) SHOULD YOUR SHARES NOT BE WORTH ~$3,653.56 AS OF 8/11/2021? + +If people are paying that price in small volume, and it is evident in the cost-basis, and that price is not reflected in the NBBO, then we are presently being denied our opportunity to sell for that price and beyond. + +Do GME shares not possess the intrinsic + +[\(Fuck You, Pay Me.\)](https://preview.redd.it/wznozk1my2h71.jpg?width=701&format=pjpg&auto=webp&s=e32597539821e3df9df5fa3198ad82b2c7ff8c6b) + +So, wut do? Wen Moon? + +Patience is a virtue but to the victor go the spoils. + +# 5) TO ACTIVIST OR NOT TO ACTIVIST? + +https://preview.redd.it/heohb48qy2h71.jpg?width=468&format=pjpg&auto=webp&s=f02b1444ad4e30e8e8a05d764ab26ef5a06cbf53 + +A long-standing tradition of GME Shareholders is not to unite. We're led to believe this protects us from scrutiny and culpability. My opinion is that punitive action against GME shareholders is not really enforceable. Furthermore, it is quite common for shareholders to unite in the interest of protecting their investment. I am not advocating for activism, only encouraging you to decide for yourself whether you choose to act or not act. + +Personally, I do submit comments to my Senators and the SEC. Naturally, they are not met with valid response. + +After witnessing Mr. Gensler's public comments on his new arrival on Twitter, I tweeted @ GaryGensler to SUBPOENA THE WEALTHSIMPLE $3,653.56 GME TRANSACTION LOGS. + +[You can too.](https://i.redd.it/0nifvg1nu2h71.gif) + +# 6) GROWING LIST OF BROKERS WITH A KNOWN COST-BASIS PROBLEM: + +[https://www.wealthsimple.com/en-ca/](https://www.wealthsimple.com/en-ca/) + +[https://robinhood.com/us/en/](https://robinhood.com/us/en/) + +# 7) PLEASE TEACH ME TO DARK POOL: + +https://i.redd.it/w1g8knx2v2h71.gif + +The reality is we’re not far from learning how to trade off exchange ourselves. We’re 1-2 DD’s away from naming our price off exchange. + +We are not slaves to the NBBO. + +The NBBO is just the first option offered to us. + +You can move off-broker. + +You can list your price for anything you want on a dark pool. + +As the regulations crack down on synthetics, and the borrowability diminishes, all shorts must close. Shorts are mandatory customers of YOUR AUTHENTIC SHARES. Germany, Canada, USA are all estimated to separately own the float. That is absurd. Institutions want you to think your shares are worth $170. + +THEY ARE WORTH $3,000+ RIGHT NOW. + +Don’t let the NBBO dictate your price. Don’t let your broker dictate your price. You dictate your price on the dark pool. + +[\(Your nation is corrupt.\)](https://preview.redd.it/rlznr0phw2h71.jpg?width=730&format=pjpg&auto=webp&s=93769981ea564f556b90528bec5b9fe43ae8ad08) + +Now, **somebody teach us** how to list our shares there and we can take fate into our own hands. Maybe shareholders have to lump together non-odd lots, maybe it only works if every Ape does it, maybe the shills will shut it down and kill your hope, maybe I'll be sued for collusion. But I doubt, doubt, double-dog doubt ANYTHING can stand against the unstoppable tide of disenfranchised retail traders moving off exchange just like the institutions are doing. + +# 8) FINAL REMARKS ON VALIDATING OFF EXCHANGE PRICE: + +https://preview.redd.it/80gc472uu2h71.jpg?width=5922&format=pjpg&auto=webp&s=320291c80924a182b1517b55d59d570f30a99869 + +It's possible shills encouraged Apes to transfer from their brokers early in the year to avoid the high run up on the cost-basis we are seeing today for brokers that don't actually own shares. + +The true price for *authentic* GME shares has always been reflected by broker transfers. Not the NBBO. Institutions like market makers don't want you to think critically about this. + +This COULD be validated by thousands of Apes buying shares through suspect brokers and transferring out. Although this is risky, they can adapt, freeze your shares, etc. But I digress. A frozen share is an easy hodl. + +As everyone suspected, the real price has been obfuscated for months, yet we now have a method of validating the true price of GME by continuing to share stories and screen shots. No doubt the next DD Ape will plot it on a line graph. + +# 9) CHECKMATE THEORY: + +Ryan is the Queen Piece. + +Gensler is the Rook. + +Apes are like a Bishop. + +Couple moves is all it took. + +https://preview.redd.it/0t7o7v4uw2h71.jpg?width=432&format=pjpg&auto=webp&s=ef0a0f0dfcdf55ae2c4a7912751d4a3d1ffeb91a + +If 2000% of the float (as [u/robrobra](https://www.reddit.com/u/robrobra/) suggested in this thread) were listed for $69,420,000, anything less would be a steal. + +Competitive sellers driving the price down from $69,420,000 to $42,000,000 is not a bad journey for Apes. + +What we're talking about is hypothetical, it is not financial advice, and it is no different than the off-exchange negotiations going down in the back rooms of dark pools today. It defies the corrupt market makers, it plays by the same rules and systems in place for institutions today. It is clever. And Apes would go down in history as the most savvy investors of all time. Right after we broke the system entirely and forced a positive change for generations to come. + +The caveat being financial institutions would go to war. + +But we're already fucking fighting. + +Buy and hold forever. + +Unless, that is, you can sell for $69,420,000 today. +I’ve been trading live with a prop firm for a five months now. The first couple months I made 15% profits and felt like I was on my way to becoming a successful trader. Then I was on my way to my first negative month. And since there is a high water mark, I forced trades towards the end of the month in order to get over my high water mark and a potential level advancement, which resulted in me being down 20%. Did the same thing the next month then down 30%. Finally, during a time where I was going through a lot of stress outside of trading and maybe shouldn’t have been trading to begin with, I traded anyway. When trump tweeted he the talked for stimulus are at a halt and the markets pulled back I went short AUDJPY without following any of my strategies at 75.22 with 100k quantity, thinking I would get back over my high water mark with a relatively big position, it didn’t happen. + +And no, I had no stop because I just knew it would get me at least half way to my high water mark, it didn’t. First time I ever made that mistake. + +So I ended up holding the position for the rest of the week in hopes that my position would at least pull back to my entry. But it didn’t, Instead it rallied. + +Then finally on Friday I got a message from my risk manager telling me my account is up for liquidation being down 66% and he closed my position at 76.50. The part that hurts the most is today my would have been position is finally pulling back, but it they closed my position. +Right now I’m down but not out and any serious on what you all think my next course of action should be would be helpful. Thx +Edit #2: my post was made yesterday, but it didn't gain traction until today, so yes as of now the feed is back to mainly just DRS posts. I am referencing October 29th in this post. And as always I accept all criticism and feedback and am enjoying this respectful discussion. + +Edit: I agree that Purple posts are back on the feed, I agree that too many purple posts drown out DD and memes, I do agree that we need more sick memes. I agree with everyone's constructive criticism and feed back. Love this community, you have taught me diamond hands and it had changed my whole life. + + +Just yesterday most every post was ComputerShare. And...now it's gone. + +All things not DRS are nice and all: + +*Wu-tang +*"New Apes" +*Coke Rat +*Evergrande +*Krypto +*Pandora Papers +*Insider trading by Congress and the Fed +*Debt Ceiling +*Steve Cohen +*Another lieing "news" article + +But....I was liking the endless DRS posts, because I want my stock purchases to increase the price, that's how it's supposed to fucking work, but so long as we have infinite synthetic shares and IOUs replacing real shares at brokerages then my purchases don't push the price up, and that's hella dumb. + +It's not only buy and hold, it's DRS through ComputerShare. It's pinned at the top of the sub. Everyone reads it, does further research, reaches own conclusion. + +The last thing the stock needs are people buying and paperhanding in some shitty day trading fail. + +The true underpinning, foundation, premise......the whole reason we are here is to support a company turning itself from a brick and mortar into something so much more. Amazon can fucking suck it, they are a shitty company and GameStop can at least beat them in several categories. So, we are patient, very patient, give the company time. + +Yes, money and big gains are great, and I will get mine, but none of this can happen without GameStop becoming wildly successful. I'm a fan of the company. + +Cheers on a Friday night, I just finished another fantastic beer and now for another bong hit. + +Also, I'm illiterate, this is not financial advice, there is no "we", only invest money you don't need in the short term, only go long on a stock, if you don't register your shares you don't own a damn thing, be zen, be nice, it's ok to be wrong, fud is the worst, diamond hands is a way of life, this sub had been the funniest part of 2021! +Don't get me wrong, but I am seeing a lot of hype around the standstill agreement of Ryan Cohen -- yes, it did expire today, but I don't expect him to suddenly start acting differently. His silence has been a very effective weapon in combatting the financial terrorists. + +We're in this together.. I am equally hoping for another huge announcement, MOASS, the moon, and so on.. but let's the best way to stay sane is not to expect anything big, hodl, and continue to DRS. + +&#x200B; + +TD;DR: buy, hodl, DRS. Hold on to your tits. (not financial advice) +&#x200B; + +https://preview.redd.it/h4yf2ga1m7371.png?width=1600&format=png&auto=webp&s=141c39c84ace8e358ed7dd0e8dbc0a63768c03e0 + + 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/5959ao23m7371.png?width=680&format=png&auto=webp&s=d5dfef5ad7866f3691b9cbc9640db9f0613da721 + +&#x200B; + +https://reddit.com/link/ns0ngh/video/wx5400b4m7371/player + + + +Be sure to vote with your shares, don't think it won't matter because it does, over-voting would show there are lots of things being wrong and would give the company a much needed excuse to call their votes back in. + +Also for the 6/9 (nice) annual shareholders meeting, remember that we will most likely not see a lot happen to the stock immediately after this because if they have something planned (NFT/Dividend/ recounting their own shares etc) it can be mentioned there but could still take some time before it can be implemented. + +Like the NFT is set to launch around the 14th of July, if they were to give a dividend it could also be a few weeks, a recount can take a lot longer though, due to the audit process being very specific it may take a month or maybe longer (I can't say, or imagine, how long auditing the shares would take as this is a scale because the situation unprecedented) and there is a chance the vote count can be doctored to make sure it shows a non accurate vote count, regardless of everything just hodl and wait, as news reports have already stated SHF have list close to 2 billion usd just from Monday till Wednesday, but also these are "paper" losses as there is only an actual loss once they close their positions. + +[https://www.reddit.com/r/Superstonk/comments/nlpz4h/your\_votes\_are\_important\_the\_time\_to\_vote\_is\_now/](https://www.reddit.com/r/Superstonk/comments/nlpz4h/your_votes_are_important_the_time_to_vote_is_now/) + +Please go out and vote! there are only a few days left that you can, I believe the official cut off date is the 6th. + +&#x200B; + +https://preview.redd.it/3x052r4im7371.png?width=680&format=png&auto=webp&s=5300c8a9122c11248fe20fbf7470b3ce96c49488 + +# Reverse Repo + +And it's back up ladies and gentlemen, as of 6/3/2021 it has increased back to $479B with only 40 counterparties. This nearly matches the all-time-high with 13 less members meaning they'll soon be hitting that sweet 80 billion limit, after that... no clue what will happen. + +&#x200B; + +&#x200B; + +[\*plays it's always sunny in Philadelphia theme\*](https://preview.redd.it/sczlf0byr7371.png?width=960&format=png&auto=webp&s=1a1c4bf1823a49836a96bd7a54b474a73c1c3faf) + +# Morning Sunshine + +It seems that the SEC meeting of the sunshine act finally went through, this meeting was cancelled about 5 or 6 times in the past months, but it's only Gary's 7th week, he can't be expected how to do meetings so fast. + +[https://www.sec.gov/news/upcoming-events/closed-meeting-060321](https://www.sec.gov/news/upcoming-events/closed-meeting-060321) + +&#x200B; + +# OCC-2021-003 to be implemented TODAY + +&#x200B; + +https://preview.redd.it/vl3ndaupo7371.png?width=828&format=png&auto=webp&s=d9a8cf35a74a778482f27e3db09465e81f61c711 + +Kowalski? Boom? + +&#x200B; + +https://preview.redd.it/hi3bafhan7371.png?width=960&format=png&auto=webp&s=adb25fe649f22f9fd13e2b0330987715946ecdfa + +Also this one is still missing + +# When someone gives you a Jeffrey + +Ok seems someone found something big yesterday [https://www.reddit.com/r/Superstonk/comments/nrgdlo/this\_is\_huge\_news\_investment\_banking\_company/](https://www.reddit.com/r/Superstonk/comments/nrgdlo/this_is_huge_news_investment_banking_company/) + +The tldr is Investment banking Company Jeffries suspends short sells on GME AMC and MVIS + +Jeffries is a prime broker, and is used by GME for their Share offerings, so they are not the biggest player, but big imo nonetheless. + +His thread has a bit more details so if you'd like to know more I'd advise checking that out ;) + +&#x200B; + +[Gamestop 10k filing from march](https://preview.redd.it/nsqhaqmuq7371.png?width=640&format=png&auto=webp&s=ab894aa5b3b1a7809f1b544c1f4b33e8eaa1c751) + +&#x200B; + +&#x200B; + +https://preview.redd.it/ijtz8au6o7371.png?width=600&format=png&auto=webp&s=75be5571808d0a52c98e85e61ebb9e2e4ea8a0d2 + +Now onto something a bit more speculative + +# TWEETS! + +Going to be honest seeing u/deepfuckingvalue shitpost memes again, I just love it but lets focus on our boy RC first, + +&#x200B; + +https://preview.redd.it/sfrfkr3kp7371.png?width=462&format=png&auto=webp&s=feb60a05885200a78fda27f32a56a1ec7d0897af + +I personally think that R.I.P. Dumb ass is litteral, there is no hidden meaning here other then he's finished the backroom stuff and is now just gloating, the dumb ass who tried to fuck GME over are now on the brink of collapse themselves. + +Now the Sears being demolished is a tricky one as there are a lot of different options as to what it can pertain to. + +it could be a link to the SEC's ARS + +&#x200B; + +[credit to u\/piefke\_](https://preview.redd.it/da8sfmchq7371.png?width=640&format=png&auto=webp&s=e7b9c1bc7187712261cf3bd65b9def33bb2211d7) + +it could be how Sears had it's downfall in 2018 [https://www.investopedia.com/news/downfall-of-sears/](https://www.investopedia.com/news/downfall-of-sears/) + +or it could be a cheeky reference with the "Rip Dumb ass" tweet that this is slowly happening to the SHF + +&#x200B; + +https://preview.redd.it/jdx30oq0r7371.png?width=960&format=png&auto=webp&s=2e88d5d1141bd7f2a6f477d807d4149c00aae4cf + +Now onto some exciting news + +&#x200B; + +https://preview.redd.it/hf7r4xc5r7371.png?width=960&format=png&auto=webp&s=f3fbf1d1da6be19399f8060ee5aa72ad45b07f59 + +# 4 Trading days left + +There are only 4 trading days left until the annual shareholder meeting. Again I'd say expect fuckery as always, expect them trying to tank the price, expect idiots spreading FUD expect everything. + +But I'm still bullish for the Annual shareholders meeting, Again I personally don't expect them to know the full amount of naked shares out there by then, but I do expect some sort of message saying they're officially going to look into it, I'm expecting a roadmap of the future of the company, I expect some AWESOME Q1 numbers (with the hype that's been on GME since early jan, the amount of consoles bought of the new cycle, nintendo switches donated to childrens hospitals, apes saying "nah not going to amazon I'll get it from GME", all that combined will make for some killer announcements and earnings. + +I'm Jaqued because of this alone. + +But do keep in mind, if you were on the other side, you'd try to stretch the inevitable until you couldn't anymore and it just blows up, so don't expect anything to happen on the day itself, as I've seen here on the sub many a times + +"it can be the best day ever, or it can be just another ordinary day" + +so.. be Jaqued, but only to about 60%, we can party once this is over 😉 + +&#x200B; + +https://preview.redd.it/y8eg6szjs7371.png?width=554&format=png&auto=webp&s=46ecd2471dd9ea27f05ebfa006357b7caa2c3482 + +# 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/wleo70tms7371.png?width=400&format=png&auto=webp&s=03bfc62b5516d1d32306ca061f3f373da44bf307 + + + +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 5 days to go, and only 4 trading days, LETSGOOO! LFG** +Maybe I'm the only one who's put off by it, but why does it seem like every "successful" trader who's "made it" now has a $500 course to sell that has "all of the answers", or a $100 a month Discord for you to join? I suppose when you have a Discord with 500 members at $100 a month; you have "made it"... + +Is anyone else turned off by this, or are you happily paying these people? +There are roughly 500,000 members of this sub.. +If each member held 100 shares .. that’s the entire float. + +That simple math just blew my freaking mind.. and I’m sorry. +I don’t own 100 I only own xx +But I will be fixing that Monday morning. +How on gods green earth can a sub strictly dedicated to one stock have 500k diamond handed members on a stock with a float of 50 million and that stock still trade millions of shares a day for less than $10,000 a share? + +I’m apologizing because I over complicated my thought process on this investment and it clouded my judgement. + +But as I sit here, for some reason a freaking light bulb went off as I looked at the members of this sub alone.. that’s not counting any other subs.. +but just on these numbers alone.. + +500,000 x 100 = WTF? +I know all of you don’t own 100 ( like me) but I also know some of you hold thousands… so…. + +I also know there is extensive DD covering this but like I said, I got lost before in the tinfoil hat and the over thinking it. + +For me, at this moment it was simple math that convinced me to yolo. + +See you guys Monday morning on the battle field!! And thanks for staying with this despite the media and other apes constantly trying to make it look like this is dead and over and you guys just haven’t figured it out yet… + +Seriously, my mind is blown right now. +And I will be drastically increasing my position Monday morning. +Asking here as I suspect that there will be knowledge individuals who understand this crisis. + +I thought the Ofgem price cap was there to prevent energy companies making record profits at the expense of consumers being gouged. I also thought that the price cap was going up because energy wholesale costs were rising (so, I appreciate that energy companies can’t buy energy units for £10 and be capped at selling those to us for £8). + +But… energy companies are making record profits. I mean, RECORD. + +So why does the price cap have to go up?! Is it just that we have a legislative mechanism that we can’t control. If energy companies are still making 10s, 100s millions and billions in profits, shouldn’t the price cap remain where it is? +Your favorite birthday present is a gift card to a dentist. Giddy with delight at the thought of getting your teeth drilled and filled. 8 fillings and 1 extraction later i am smiling as much as the novocaine will let me. Thank you grandma, love you. 😁 +so i’m currently a student so i only have allowance to rely on! i am thinking of investing $100 per month in fsmone regular savings plan...and planning to invest in s&p 500 ($50) and tech shares ($50)...but fsmone does not have Ireland domiciled etfs and would have 30% tax for US etf (i did consider other platforms but they did not provide fractional shares...or the regular savings plan) thoughts on this way of diversification for a new beginner without much money.....pls advice!!!!!!! thank you :D +His tweet, mere minutes ago: + +"Ask not what your company can do for you - ask what you can do for your company" + +Now, keep this in mind while you read this section from the latest Gamestop official news site on the stock split (and them describing exactly what happened) : + +"We recommend that stockholders using a brokerage firm contact that firm with needs or questions. Stockholders may want to make their brokerage firm aware if they recently moved shares to the Company’s direct registered list, as we have been informed this move could impact a firm’s distribution of shares. + +(source: https://news.gamestop.com/stock-split/?) + +Guys. + +GUYS! + +Ryan is practically *yelling* at us! + +Contact your brokers! Ask them what is going on, be respectful and kind to the people on the phone, but make them aware of what is happening. Ask them about how they handled the splividend. Ask them about where your shares are, should you have a'y issues whatsoever. Call them, email them, just contact them! + +And moreover, DRS your shares!! The news article even specifically mentions how DRS'ing your shares could have had an impact on your broker's distribution of shares. + +My fellow smooth brains, Ryan is asking every single investor a very simple question: + +What can you, yes YOU, do right now to help out the company you're invested in? Ask yourself? + +And you know what? This company *told you*: +1) Contact any brokers that have issues with GME shares, make them aware of the situation. + +2) Highlight and remember where the mistake most likely lies (the DTC per the GME news website) + +3) DRS your shares! +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. 🦍🦍🦍 +I realize this is unlikely to be a popular post, because both /r/povertyfinance and /r/personalfinance seem to have a bit of an obsession with trades and trucking jobs. Since there have been [several](https://old.reddit.com/r/povertyfinance/comments/9qndmr/last_year_i_was_earning_the_minimum_wage_and_now/) of these [threads](https://old.reddit.com/r/povertyfinance/comments/9qf37o/i_just_wanted_to_let_you_guys_know_about_an/) posted here lately, all highly upvoted, I think its important people understand the reality. + + +But before doing that I'll just preface this by stating: I'm not saying there is anything wrong with trucking or skilled trade work. It pays OK, and the barrier to entry is low enough that it can be a good option for many people. The issue with this topic is the hysterically large sums of money that people seem to infer is "normal" for these types of jobs. + +The **median annual wage** for *heavy truck drivers* is $20.42/hour or $42k/year, for *electricians* it is $26.01/hour or $54k/year, and for *plumbers* $25.28/hour or $53k/year. Are those all good wages? In most of the country, yes. Will they get you out of poverty? Yes. But remember, those are **medians,** which means you could very likely make less than that. + +Almost no one in the trades or driving trucks is making these large salary numbers that get tossed around here. I have no doubt the people posting are getting paid what they say in most cases - but they are the exception. It seems people are forgetting if you work enough hours in any job, you'll make a lot of money. Truckers making $90k a year aren't normally being paid that much on a per hour basis, they are just working 60 hour weeks most of the year. Work any job that allows that kind of overtime and you'll make good money. And of course there are cases of people in trades making $90k a year with little overtime. They tend to be *in unions* in *very high cost of living areas* (and their wages won't apply to 99% of people in the occupation). + +Finally, most of these jobs are **not** in some sort of "shortage." Trucker jobs, for example, are expected to grow about as fast as all occupations (according to the Bureau of Labor Statistics). Certain regions may have a temporary shortage, but it isn't national and it won't last long enough to drive up wages. Jobs involving trucking and trades are actually very cyclical. During an economic downturn, these jobs get hit worse than other occupations because they rely on commerce or construction activity. +It just doesn't make sense to me. I get that he's being cautious, but a lot of this Inflation has got to be short term - right? Or is it not? It's hard to tell based on who is reporting it and what the general media spin is. +Bunch of Credit Suisse posts around and wanted to find the sauce behind it all without the speculation. Got asked to make this its own post, so here it is. + +Found that all of the points are reported by MSM, which almost never happens to big banks. MSM will try to retain a good relationship with banks, so that they can have a source. This is a sign that the kill is about to happen, and the vultures are starting to circle. + +Note that the following articles are mostly from the last week and from well-established financial news organizations, i.e. Reuters, Bloomberg, The Financial Times, Wall Street Journal. + +Credit Suisse is about to collapse. \[edit: not related\] ~~Possibly the reason for the emergency Fed meeting on Monday?~~ Use something like archive.is to circumvent paywalls (or if using DuckDuckGo, use the [DuckDuckGo !Bang](https://duckduckgo.com/bang) , *!ais <url>*): + +1. ⁠Their CEO sent out a memo about having a strong capital base and liquidity, which means they don’t. “Appear strong when you are weak” (Sun Tzu), and, "All rumors are false until officially denied" ([Nassim Nicholas Taleb](https://twitter.com/nntaleb/status/1576208659486412802?s=46&t=Ki0TW7YlGb5y6pfbvON7gQ), also a former Credit Suisse trader), both apply here. [https://www.reuters.com/business/finance/credit-suisse-has-strong-capital-base-liquidity-ceo-memo-2022-09-30/](https://www.reuters.com/business/finance/credit-suisse-has-strong-capital-base-liquidity-ceo-memo-2022-09-30/) +2. Continuing the above, the statement was issued because they may not be able to meet their Credit Default Swap obligations, as it has reached 2009 levels and shares of Credit Suisse touched a new low. [https://www.bloomberg.com/news/articles/2022-10-02/credit-suisse-ceo-seeks-to-calm-as-default-swaps-near-2009-level](https://www.bloomberg.com/news/articles/2022-10-02/credit-suisse-ceo-seeks-to-calm-as-default-swaps-near-2009-level) +3. ⁠Jens Welter is leaving to go to Citi. You don’t abandon 27 years at a bank after getting promoted to the top investment banker nine months ago, unless you realize that the Sword of Damocles is hanging over your head. [https://www.ft.com/content/7f67de02-407c-41bf-aeb5-aa823c8d02c2](https://www.ft.com/content/7f67de02-407c-41bf-aeb5-aa823c8d02c2) +4. ⁠Credit Suisse keeps being on the losing end of a series of very large deals going bad after holding the bag for Archegos, and with the latest Citrix debt fallout, they were the most vulnerable and have to realize the losses now. [https://www.bloomberg.com/news/articles/2022-09-22/citrix-debt-debacle-heralds-a-day-of-reckoning-on-wall-street](https://www.bloomberg.com/news/articles/2022-09-22/citrix-debt-debacle-heralds-a-day-of-reckoning-on-wall-street) +5. ⁠\[edit: redundant to next article\] ~~Credit Suisse either lost a ton of money in swaps and/or all of their clients left, as their required client margin went from $8.9B to $25.5M in one year. That’s -99.71%.~~ [~~https://www.risk.net/risk-quantum/7954613/client-margin-at-credit-suisse-shrinks-to-just-25m~~](https://www.risk.net/risk-quantum/7954613/client-margin-at-credit-suisse-shrinks-to-just-25m) +6. Due to Archegos and trying to reduce risk, Credit Suisse exited the very profitable Prime Broker business, meaning it's not going to make money back there. [https://www.reuters.com/business/finance/prime-brokers-fight-clients-after-credit-suisses-exit-2022-09-16/](https://www.reuters.com/business/finance/prime-brokers-fight-clients-after-credit-suisses-exit-2022-09-16/) +7. ⁠Credit Suisse is broken now and no one has the money or risk appetite to try to fix this very expensive problem to buy their debt or diluted equities. This WSJ article actually covered almost all of my points above. [https://www.wsj.com/articles/investors-put-a-price-on-credit-suisses-salvation-11664440211](https://www.wsj.com/articles/investors-put-a-price-on-credit-suisses-salvation-11664440211) + +TL;DR They’re fucked. + +&#x200B; + +How did Credit Suisse get here? Generally, as time went on, banks had to take on more risk in order to generate more profit, to the point where growth at all costs supersedes stability. Risk is no longer recognized as important. Asset values, everything including real estate, equities, and derivatives, get inflated because they are no longer valued correctly against risk. Money created out of thin air by governments to juice their economies prop up these valuations. Now everything is blowing up. Very likely, Credit Suisse holds a big bag of GME shorts as the Prime Broker for Archegos, and they never closed. + +TL;DRS +This past week, we’ve been hearing about MSM featuring the “gambling sub” for the reason behind some Chinese stock going to crazy prices. + +They always reference the “gambling sub” as the community for GME stock holders in their online articles and Live News coverage. + +I used to think that this was because of a Boomer reporter’s (no offence) lack of internet knowledge or ignorance, but it’s not. + +This is 100% intentional, and the fact they continue to misdirect attention away from SuperStonk is SOOOOOOOO FUCKING BULLISH. + +After Google searching “SuperStonk”, you can see what I mean. Only B-tier and C-tier media outlets even name the community to begin with. Many of these articles are from 2021, with SuperStonk rarely being referenced throughout 2022. + +The opposite can be seen if you Google “the gambling sub” or even “[the gambling sub] GME.” It’s a stark difference. + +If the stock was really a joke, they would be linking to this sub and naming SuperStonk at every chance they could. They could ridicule us, call us every name under the sun, etc. + +But they don’t. They continue to act as if this sub doesn’t exist. + +They are afraid of people learning about the years of research that retail investors have completed about GME. + +They’re afraid of people learning about the wave of purple circles on the sub and seeing what’s actually going on. + +They are afraid of Superstonk and refuse to acknowledge its existence. + +This, my friends, is ultimately bullish. + +They do not want more John Stewart’s or /u/RealPulte ‘s. stumbling across our community and seeing what’s really going on. + + +Thanks for coming to my Ted Talk. +It seems like there has been an uptick in posts on this sub recently of people making 5 figures wondering how on earth "normal" people FIRE, or why we don't hear more of their stories. I'd like to attempt to address that question by using my own journey as a reference. + +&#x200B; + +What's important to remember is that FIRE is more than the simple math and flowcharts you can find on the sidebar. It's a philosophy, a mindset that you apply in your everyday life. Often around here you hear the phrase "spend less than you make and invest the difference." For me, that takes the form of the following questions: + +&#x200B; + +What am I doing to maximize my income? + +What am I doing to minimize my expenses? +Are my current financial decisions worth the opportunity cost of financial independence/retiring early? + +&#x200B; + +That's it. A lot of folks who tend to contribute to this sub focus on these key elements. And rightfully so, that's led to quite a bit of success in escaping wage slavery. However, that's only one side to the philosophy of FIRE. + +&#x200B; + +You also see a lot of the phrase "build your life you want to live and then save for it." To be honest, the vast majority of FIRE stories I've seen on this sub haven't followed that path. I think that's because they went hard on the FIRE path, calculating their moves to most efficiently get out of the rat race early. And good for them! They should go fuck themselves! + +&#x200B; + +But I've taken a different approach. I am a high school teacher in rural Alaska. I love my job. I love the vast majority of my co-workers, my students, and even my bosses! Almost every day I wake up and look forward to going to work. Moreover, I feel an immense amount of purpose, and being in such a small community in such a small state, my individual decisions and actions can have large impacts and ripples. What an amazing opportunity in life to do good and be good. + +&#x200B; + +Not only that, but the lifestyle rural Alaska affords me is nothing short of amazing. I have an immense amount of freedom. With this freedom I can pursue passions and hobbies. I can (and do) garden, raise animals, hunt and fish, learn and practice carpentry and woodworking skills, hike and explore. I can do all of that literally right outside of my front door. And because I'm a teacher, I have a significant amount of time off to enjoy these opportunities to build this lifestyle *while I'm still working.* Most important to me, though, is that this lifestyle and career provides me with the ability to be the kind of father I want to be to my children. + +&#x200B; + +I do attempt to maintain a FIRE philosophy, mainly so that I don't end up as that old teacher who clearly doesn't care and is hanging on for their pension, and as insulation against potential political maneuvers that leave me out of a job. To me, that's the most logical use of the FIRE philosophy. But as it turns out, when you are living the life you want to live, saving for it tends to come second. I don't carry much debt, and I do invest, but I'm also willing to see buying a new chain saw as an investment so I can harvest timber and firewood. Those are investments that I consume, sure, and I can try and calculate the money saved by harvesting my own firewood and so on and so forth, but so long as I maintain fiscal responsibility those investments make me happy. And isn't this what FIRE is all about? + +&#x200B; + + To be honest, when I read even the success stories posted on here, a part of me feels sympathetic. Yes, I, a lowly teacher living in a 1 room cabin in the Alaskan wilderness, feel sympathy for folks earning 6x as much as I ever will and becoming millionaires within a decade! Not because I'm not happy for them for escaping the rat race, but because they had to sacrifice a piece of themselves to achieve it. + +&#x200B; + +So I guess what I'm trying to say is that FIRE is merely a tool in your belt. I certainly could be doing my absolute best to figure out how to make low 6 figures with minimal disruption to my life. But not doing so is worth the opportunity cost. If you feel like you are stuck in the rat race earning 5 figures, by all means figure out a way to game the race in your favor. + +&#x200B; + +Or, you might be able to build a life for yourself that you don't feel you need to escape from, and use the tools you can find here to maintain financial security and fiscal responsibility. + +&#x200B; + +And if you're a part of the latter, like I am, you aren't likely to post anything about your "FIRE journey," because quite frankly it wouldn't really fit the narrow definition of FIRE. Your spreadsheets aren't really that impressive. You're busy with life outside of Reddit. You see yourself working towards financial independence, but not through the vehicles so often discussed here. The reasons are myriad I'm sure. + +&#x200B; + +Anyway, that's the reason I suspect we hear so much from 6 figure earners on the coast, or recently FIRE'd folks living in Thailand. There are plenty of 5 figure earners out there, quietly working towards some version of FI. Of course, simple math tells us that it'll take us longer to get there, but for many of us that might be an acceptable, indeed perhaps preferred, course of action. So keep your chin up and work diligently towards building a better life, whatever that means for you. Seems to me like that's what FIRE is all about. + +Edit: A lot of great conversation with folks throughout the day between chores and projects. I’ve tried moving conversation forward in good faith. I don’t have time to respond to everyone but I love some of the ideas you guys have. My main takeaway from this is that, if you’re comfortable enough, people earning 5 figures should share their stories, along with their FIRE goals and what they are doing to achieve FI/RE. I imagine the discussions to follow would be a net benefit to the sub! + +Edit 2: Thank you kind Redditor for the gild. We won’t talk about what that could’ve become in your VTSAX in 20 years 😉. +Even with the best of intentions, giving an Ethereum address in a publicly link-able way (like your Reddit username) is not a good idea. + +Even if you open a new account to have some ETH transferred to you, the moment you transfer the ETH to your other account, it will be trackable. And you know, blockchain never forgets. + +It means, with some digging, anybody can associate your main ETH account(s) with your Reddit username. + +At the very least, you can become targets of social engineering/phising/etc.. attacks. + +Just a warning. Stay safe. + +Edit: Glad that this took attention, hopefully it increases awareness. +A redditor asked what to do if they already posted their address with their username. +I'm no security expert but here is what I'd do: + +* Delete the comment immediately +* If that was a newly generated address, don't make a transfer to another account. + +Edit2: A good practice if you absolutely must give your address publicly for example if you want to give your address for donations, etc.. make sure to keep it separate from all your other accounts. Later if you want to cash out, send that funds also to a separate address on an exchange. + +* If that was your main address or you already made a transfer to your main account: +/u/CarrionCall gave some good general security tips on the last paragraph of his comment below. Have a look. +Is anyone else in the same boat? I am cutting back on things I don’t need for example chewing gum used to be around $3 now looking at $4.50?! +Same with a lot of other items like yoghurt/cheese.. +I am simply cutting them out entirely as I can’t justify the prices despite inflation +💚 Website https: [https://420xcoin.com/](https://420xcoin.com/) + +💚 TikTok [https://vm.tiktok.com/ZMeH7KYTU/](https://vm.tiktok.com/ZMeH7KYTU/) + +💛 Twitter: [https://twitter.com/420xcoin?s=21](https://twitter.com/420xcoin?s=21) + +❤️ Telegram Chat: [https://t.me/The\_Real\_420X](https://t.me/The_Real_420X) + +&#x200B; + +&#x200B; + +What is $420x?🚀 + +&#x200B; + +Greetings stoners around the world, tryna 420x your investment in one day ?! SAY LESS. + +We have a telegram with over 2,000 members and are locked and loaded to launch this to the moon on our beloved day 4/20 at 4:20 PM UTC. + +&#x200B; + +Tokenomics:🚀 + +&#x200B; + +$420x is a deflationary coin (unlike us high af) with a fixed supply. No more $420x can ever be minted. $420x has a transaction tax of 8% which is split 2 ways. + +• 4% fee redistributed to all existing holders. + +• 4% fee is added back into liquidity. + +&#x200B; + +&#x200B; + +Total Supply: 1,000,000,000,000,000 + +Burned before Pre-sales: 250,000,000,000,000. + +Burn Road Map: 170,000,000,000,000 + +Dev Wallet: 75,000,000,000,000 + +Presale: 505,000,000,000,000 + +&#x200B; + +&#x200B; + +Community engagment:🚀 + +&#x200B; + +We are holding a competition to name our mascot. Visit our website [https://420xcoin.com/](https://420xcoin.com/) to see the full step by step process to enter our competition. + +You can win 420 MILLION tokens and name our beloved little guy. Make sure you’re not too high while you visit our site, shit be lit. + +&#x200B; + +&#x200B; + +Presale:🚀 + +&#x200B; + +We will be launching our token on Dxsale 4/20/2021 at 4:20 PM UTC. We will be dropping our link , like its hot, on our telegram so we don't get sniped by bots. We will be raising 420 BNB hard cap, + +42BNB soft cap. Minimum buy in is 0.1 and a maximum allocation is 2BNB to prevent big Snoop Doggs. + +Please join't' our telegram ([https://t.me/The\_Real\_420X](https://t.me/The_Real_420X)) as we will be dropping the link at 4:19 PM UTC. After you get your spot in the sale, dont forget. + +&#x200B; + +White Paper:🚀 + +&#x200B; + +Can be found on our amazing website at [https://420xcoin.com/](https://420xcoin.com/) + +&#x200B; + +420X is 100% rug proof 🚀 + +Chill and Shill + +One love <3 +Hey y'all. 39 yo male with beautiful wife and 3 kids in MCOL. I'm an optimist and very grateful with my life, knowing I've made it beyond my thought of a "successful" person in terms of salary and NW. I've always been responsible, with finances, with relationships, with career development, with family. +However, I'm near over the hill and have this gnawing feeling of doing something a bit (and I stress just a bit) impulsive, irresponsible- seems like a MINI midlife crisis to me. My understanding is that this is normal and can last anywhere from 6 months to 2 years. Thought I'd ask the sub if there were any small impulse buys that any of you did around this age. I'm not talking about a new house or lambo, but something awesome, memorable until this feeling goes away. + +Note that I'm talking to a therapist about this, but also looking at indulging or doing something impulsive. Not anything that will derail my life, but something different. Also wife is a few years older and she's similar to me and has a similar feeling. Is it COVID fatigue? How'd you get over it? +I'm about to enter my second year of Economics at Bachelors level and am being told that I will be assessed on my ability to use STATA; I find this rather annoying as I'm already trained in other statistical software like R and Python which are of more use, particularly in the private sector. My tutor has told me that STATA is preferred for econometrics but hasn't given me much of a reason as for why that may be? + +Further, for those who ended up getting jobs in the private sector in data analytics or data science, which proved of more use to you? + +Thanks. +Hi all, + +I’m a layman studying economics, here, and I’m currently reading Piketty’s *Capital* (which is where I pulled the quote from; c. pg. 131). Considering I don’t know too much about economics, I’m wondering how it was that inflation paid off WWII era debts — or if he’s exaggerating slightly, or what. + +Any help breaking down his comment would be helpful! + +Thanks! +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! + + +Don’t FOMO, 99% of you won’t become life changing rich. The people posting $200k gain porn are the same ones with $80k to YOLO into memes. + +Don’t yolo your rent money, or life savings, or any money you can’t afford to lose. Everyone gets it, money is money, but there is a massive difference between gambling away pocket money and gambling “life” money in these stocks. The people posting gain porn are doing the former with $80k, should you be doing the latter? + +There is a massive illusion that if you put your rent money you will be overnight rich, sorry to tell you that simply won’t be the case. Especially if you are new to this. Good luck. +I downloaded the coinmarketcap.com data for the top 100 cryptocurrencies as of a couple hours ago ([source](https://coinmarketcap.com/all/views/all/)) and did some charts of which coins gained the most in the last 7 days. Note: These are not weighted averages but I doubt that makes any difference. + +[Top 100 CMC coins by price](https://i.imgur.com/rjW9rTl.png) +Here we're sorting by price-per-coin from the most expensive coins (BTC, BCH, DASH, ETH) to the least expensive (KIN, XP, BCN, DOGE). There's a pretty clear trend here that the expensive coins are up a little bit, but the cheaper the coin is the more likely it is to be up a huge amount. + +[Top 100 CMC coins by circulating supply](https://i.imgur.com/aha3LX3.png) +This is sorted by the total number of coins in circulating supply, from fewest (GBYTE, GNO, BTCD, DGD) to the most (KIN, XP, BCN, DOGE). There's an even clearer trend here that the coins with smaller total supplies are up a little bit, but the more coins circulating the more likely that coin is to be up by a lot. + +[Top 100 CMC coins by market cap](https://i.imgur.com/PXMjTeM.png) +This is the top 100 coins by the value of their total market capitalization from lowest (WTC, POE, BLOCK, ITC) to highest (BTC, XRP, ETH, BCH). This time there's basically no trend. The coins with the highest market caps are up just about as much as the lowest market cap coins, and it's fairly random inbetween. + +I'm neither a statistician nor a market analyst but this looks like pure market irrationality to me. The best recent predictor here for market performance of a coin is simply the size of its circulating supply, which is essentially a meaningless decision about where to put a decimal place. Satoshi could have just as easily capped bitcoin at 21 billion coins instead of 21 million, and maybe if he did the BTC market cap would be much higher because people would perceive it as "seeming cheap". + +We're in a bull market and nearly everything has been up, so there's a lot of FOMO and throwing money at anything that moves. If this was the stock market I would knowingly tap the side of my monocle and say "Oh ho, fundamental valuations will catch up to you in the end, and then you'll be sorry you didn't do your due dilligence." In crypto, however, I've seen little evidence so far that fundamental valuation ever catches up to anybody. + +Ok I visited the ER back in November last year for a broke finger. While I was checking in I tried to give the nurse my insurance card but she said that it's already on file so business went about as usual. I had received a bill in the mail from my insurance for 100$ later on so I assumed it was for that visit and paid it without thinking. My mail has been sent to my parents house the past six months and sometimes they would hold my mail without realizing before telling me or dropping it off, coupled with that wait time and the fact that I didn't open these certain envelopes because I thought they were from a physician's group I stopped going to 8 months ago and they were trying to get me to sign up for some program they had been pushing for a while (just a website to signup to view your chart) so I didn't open mail from them. Well all those were notifications of my bill and for some reason the ER I went to was part of this group and I never realized it. Anyway now I'm past the 30 days they give you to challenge th debt before giving it to a collection agency. I know I messed up but this hospital screwed up. And what I dont get is that I didn't even have a copayment when checking in so idk how this happened. Should I attempt to contact the hospital or is that a lost cause now? I'm not sure what to do. +Despite all of the craziness of the past few days, REMEMBER TO DRS. DRS IS THE WAY. This is not financial advice. Hopefully what we’re going through now is the Mother of All Dips before she rips to the moon. Can’t stop, wont stop (DRSing) GameStop 🦍💪💎🙌🚀🌝. This rest of this is filler for word count. Ping pong bing bong Ching Chong long schlong the price is wrong. Get Fucked Kenneth Griffin +I have a friend with 6 year old Civic that’s paid off and only has 55k miles. About a month ago, I was surprised to hear him talking about getting a new car again. I asked him why he wanted to get rid of his civic and he said he rented a new car on his trip that had proximity entry, push button start, and android auto/Apple CarPlay built in. I’m not gonna lie, once you try and get used to those, it’s hard to go back to a key and regular stereo so I understood where he’s coming from. + +Well, years ago in high school and college, I used to install car audio, alarms, remote starters, all that. I told him he can add all those features to his Civic. We added proximity lock/unlock, push button start, 7” stereo with Bluetooth, Android Auto, and Apple CarPlay, and a backup camera. All that ended up costing him just over $500 but now he has a car that he loves again and doesn’t have to drop 20-30k on a new car. I helped him install it but even at a professional shop, that’s probably no more than $1000 total. + +I know there are multiple reason to buy a new(er) car, but if you like your car and just want newer features, take a look at what products are out there, you might be able to add those features to your car and save a lot of money in the long run. + + +EDIT: many people asked, so here’s a partial list: + +- 2102T Directed PKE Passive Keyless Entry System. Works extremely well, DEI makes quality products. Most bad reviews I’ve seen online were from people that didn’t understand how to install it. This is a kit for professional installers so DEI does not give any tech support for DIY installs. + +- The stereo is user preference since there are many to choose from but he got a Pioneer AVH-2300NEX. If you want to go cheaper, I have an ATOTO SA102 in my car and it doesn’t have any issues. But there are probably hundreds of stereos to choose from + +- push button was a generic one he found online, I don’t have the mode number. Just find one with decent reviews on Amazon. They come in different styles so that will be user preference as well. You also need an immobilizer bypass module if your key is chipped. + +- backup camera was from Amazon, they are all pretty much the same so pick whatever style fits your car best. +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/EKU2tVBp9u) +Hello, + +Long story short but my mom and dad don't have a lot of money. They are 70 and 68 years old and they pay a financial advisor $500 a month to basically do nothing. Over the last 10 years they have been paying a man to manage their portfolio which is $250K and I am almost certain it was $180K 10 years ago. + +They are 63% Equities and 37% Fixed Income. I don't necessarily have an issue with what they are in although I think we can simplify this portfolio to just 3-5 holdings. I DO HAVE AN ISSUE with charging $500 a month over the last decade. My god we could have put that money to work. We are moving the funds to Fidelity and managing it ourselves. + +https://preview.redd.it/gubtu7p163f61.png?width=1115&format=png&auto=webp&s=fdbd0c60649d9718d908bbf952d189865c607811 + +Questions. + +1. What are your thoughts on what they are in. What should we drop? +2. At age 70 and 68 what should the equities to fixed income ratio be? +3. They still work and have 150K in cash. They are very old school. +4. Is a simple brokerage account at Fidelity what we should open? What should the investment vehicle be? + +I really appreciate your help and love what this sub has done for my knowledge! Hope everyone is staying safe out there. +For real. Get off the drugs cut back the drinking build/fix meaningful relationships before you cant trust people to like you for anything but your money. If you needed a sign THIS IS IT! Happiness is key and it is true when they say "mo money, mo problems." So start planning NOW ways that you can stay healthy and happy and live a long meaningful life to enjoy your tendies to the fullest. +So for some context..... + +I took out a second mortgage on my home (111k) and APE'D it into GME, NOK, & AMC stock. Right as I was noticing GME traction in r/WallstreetBets... Given, this was EARLY on. I'm talking late December 2020, $2.57 a share. I had a GUT feeling with the growth of wallstreet bets, these stocks were surly gonna moon shot. So at $32.11 I APED 100k into GME. The other 11k I split between NOK & AMC. + +Long story short I sold GME at $319.29. Paper hands sold all of it. You do the math. + +Now here comes where I need YOUR help. + +I am going to test this AGAIN, but with crypto. I have $111k in checking right now. I will put $11,111.1 into the TOP 5 most upvoted/vouched for/best DD coins y'all comment. + +I will post monthly updates of my gains and loses of each coin. + +Please make this a fun and good experience for me I've never trusted this much money in strangers, however; I have faith in yall. + +UPDATE: DEC 4th 12:01. +I found this buried in the comments of another post, but I think everyone should see it. It's an infographic/guide for recent and long term market trends. LOTS of juicy statistics. The quarterly version is available to the public without a subscription. + +[Link Here](https://am.jpmorgan.com/us/en/asset-management/gim/adv/insights/guide-to-the-markets) +How easy it was in early 2000 when the tech stock you bought moved persistently higher, to convince yourself that you were an investment genius. How easy it was then to convince yourself that chasing the last period’s best-performing mutual fund was a sure strategy for success. And for the few who gave up their jobs during the bubble to engage in day-trading, how exhilarating it was to buy a stock at 10:00 a.m. and find that it had risen 10 percent by noon. All of these strategies ended in disaster. Frequent traders invariably earn lower returns than steady buy-and-hold investors. + +Robert Shiller and John Pound surveyed 131 individual investors and asked what had drawn their attention to the stock they had most recently purchased. A typical response was that personal contact, such as a friend or relative, had recommended the purchase. I can relate with this, my father is mostly intrigued by tips he receives from his friend or in any of his WhatsApp groups. Tips come at you from all fronts—friends, relatives, the telephone, even the Internet. Don’t go there. Steer clear of any hot tips. + +Investors tend to be overconfident in their judgments and invariably do too much trading for their own financial well-being. I have friends who are boasting about the facts on how they are earning 5-10% daily, mostly they don't explain their portfolio returns/losses and if they deduct the taxes & brokerage fees returns might be negligible. We have seen that people are far more distressed at taking losses than they are overjoyed at realizing gains. + +Historically, IPOs have been a bad deal. In measuring all IPOs five years after their initial issuance, researchers have found that IPOs underperform the total stock market by about 4 percentage points per year. The hot IPOs are snapped up by the big institutional investors or the very best wealthy clients of the underwriting firm. Being a retail investor, we would be the last one receiving an IPO, so if you do get it at whatever x premium price, you shouldn't be happy about it. + +Bernard Baruch said, “Market timing can only be accomplished by liars.” And Jack Bogle has remarked, “I do not know of anybody who has done it successfully and consistently.” +It’s really mentally draining for me following the market....especially lately. The news seem to all use the most over the top language, and they rush to put out articles with kneejerk reactions to intraday swings with guesses rather than actual analysis. It feels like all hype and bs. + +What are some sources that actually just analyze the market movements clearly, but not dramatically? +Good Afternoon Apes, + +&#x200B; + +Okay, so we know that overall the Russell 1k transition ended up being a net selling event for the ETFs holding $GME. In total the transition saw a total of 2,629,434 shares of $GME be released into the free float (Which could've been gobbled up by retail or other institutions). The one outstanding factor we did not know the day after the re-balance was Vanguard. They only release their ETF holdings on a monthly basis on the 15th of the month. So I calculated the total $GME in all their funds and found that while Blackrock was a net-seller during the Russell re-balance, Vanguard was in fact a buyer. Specifically they loaded up 366,000 shares of $GME mostly in their mid-cap ETFs. This makes me bullish! (As if I wasn't already). If you know the history of Vanguard and RC we know that Vanguard was a long term believer of RC and was and is still holding a significant position in Chewy. I think it's very important to know what institutions are on the long side of $GME. [Original Data Set](https://docs.google.com/spreadsheets/d/1vhbn6HqmkhwHqtSj0CDNHeCNuNOp-hPcmfur0pZUuFs/edit?usp=sharing) + +&#x200B; + +https://preview.redd.it/bgoyhqmw9fb71.png?width=486&format=png&auto=webp&s=11b6e2593d013cfa8e579af9d595b2eb9aacfc77 + +&#x200B; + +TLDR: Tits are jacked! Vanguard has been slowly increasing the size of their position in $GME! +Aswath Damodaran is an NYU professor that has his company valuation videos pinned in this sub. + +His official website: [http://people.stern.nyu.edu/adamodar/](http://people.stern.nyu.edu/adamodar/) + +His database of valuations: [http://people.stern.nyu.edu/adamodar/pc/blog/](http://people.stern.nyu.edu/adamodar/pc/blog/) + +His video valuation: [https://www.youtube.com/watch?v=8rZps01Ok7I](https://www.youtube.com/watch?v=8rZps01Ok7I) + +**Updated Tesla valuation**: Search for **TeslaNov2021DIY.xlsx** in the valuations database. + +Enjoy! +At my staffing firm we are practically begging our consultants to work. Employers are paying more than before the pandemic, and sometimes reduced hours and of course tons of remote work (we even give loaner laptops to consultants!). It is truly a candidate's market right now!! + +Do you know you're not satisfied with your current career, but not sure what else to do? Check out the Occupational Handbook (USA): +https://www.bls.gov/ooh/mobile/home.htm OR your local equivalent. I also recommend searching for the potential positions on Indeed, LinkedIn, etc to see what qualifications employers are really looking for in your area. + +Community colleges in your area are likely offering extra scholarships and financial aid due to the pandemic as well!! At my CC, they are still offering almost every class remotely or hybrid, which is great for those of us with day jobs or families to support. Apply and browse their Adult Education offerings, workplace skills courses, professional certificates, and of course regular associate+ degrees. + +You may not even need the classes for some roles that were out of your reach pre-covid. Entry level customer service candidates at my firm who have only worked in food service and retail are being offered roles in offices, or even as managers! These are roles with health insurance, paid time off, and annual salary increases. NOW CAN BE YOUR TIME!! I BELIEVE IN YOU!! + +Edit: I won't name my staffing firm of course, but I can say that here in at least the New England region, the employers we partner with are absolutely offering several dollars more per hour than before the pandemic. For example, data entry roles that were only $12/hr are now $14-15. Call center roles that were $13.50 are now $16. And in our permenant hire division, I have seen comparable increases as well as my firm offering bonuses to those who accept positions and stay at least 90 days. + +Edit 2: I agree with many of you that the economy needs serious overhaul. Further, workers rights and fair wages are something I care about deeply. This post was for those struggling with minimum wage, maybe multiple jobs, etc. who simply need better than what they currently have. + +Edit 3: YMMV. This post was intended for those really struggling to make above minimum wage or to find work with benefits... Those who want to get out of a food service or production line environment. A $2-6/hour improvement may not be much to some, but it's still BETTER and may mean a lot to some followers of this subreddit. +For those who subscribe to having the majority or the entirety of their equity holdings to consist of ETF/funds from the S&P 500, the impact to their portfolio as a function of any one company has increased substantially. + +Even with total market funds like Vanguard's VTI, these five stocks make up an outsized portion of the fund because of market cap weight. + +Much like investors using "ex-US" funds to increase exposure to international holdings, are there funds that are "ex-FAANG" so individuals can lessen the impact? If not, would another practical strategy be to buy more non-tech sector funds as opposed to say buy more of the 400+ other S&P 500 stocks as counterweight. + +Thoughts? + +------------------------------------------------------------------------ + +**EDIT1:** /u/exaggerate_a_point summed up my ask better than my own attempt so I'll add it here instead of responding to similar comments: + +> OP specifically said he/she wants to de-risk, aka diversify. It's not about not holding good companies, it's about hedging the risk if one has a bad series of news or events. It's inherently risky if your portfolio is heavily weighted in a handful of companies. + +Another good summary of the ask for this discussion from /u/FerociousGiraffe : + +>Trying to move your portfolio away from FAANG isn’t to say those are great, successful, hugely profitable companies. You’d keep a position in them. It’s about protecting against news that will only hurt FAANG while not hurting the broader market. + +**EDIT2:** For comments related to balancing with international equities, this discussion is contained for U.S. equities. Assume whatever percentage of bonds, precious metals, digital currency, international equities or whatever you think is appropriate in a portfolio has been addressed. + +**EDIT3:** Outside of suggestions like "Why do you hate winning?", some of the top solutions to dilute these stocks from your S&P 500 / U.S. equities part of a portfolio: + +* Many suggest a variation of my original post of simply adding more sector funds outside of tech. Though this strategy will unfortunately remove many non-giant tech companies in this sector. + +* Many of you like /u/desquibnt suggests equal weighted ETFs like RSP. However, RSP has a high net expense ratio of 0.20%. + +* /u/TriathlonNerd suggests a reverse cap weighted ETF like RVRS. This too has a high net expense ratio of 0.29%. + +* /u/BubbyginkESO and others suggests going broader than just 500 companies with low cost total market funds like Vanguard's VTI or Fidelity's FZROX. While these 5 stocks still make up the top holdings, the effect of a larger basket of stocks also dilutes these companies. So far, I like this simple and practical one the best. +Recall all those damning Robinhood and Citadel emails that were released in the short squeeze litigation? That happened **September 22, 2021:** [https://storage.courtlistener.com/recap/gov.uscourts.flsd.590042/gov.uscourts.flsd.590042.416.0.pdf](https://storage.courtlistener.com/recap/gov.uscourts.flsd.590042/gov.uscourts.flsd.590042.416.0.pdf) + +Gary Gensler's September calendar was released a few days ago: [https://www.sec.gov/foia/docs/secchaircalendar/chair-gensler-public-calendar-2021-09.pdf](https://www.sec.gov/foia/docs/secchaircalendar/chair-gensler-public-calendar-2021-09.pdf) + +Guess who he met with on **Tuesday, September 28, 2021**? + +[September 28, 2021](https://preview.redd.it/y4fl83aalm181.png?width=701&format=png&auto=webp&s=394608ac6613e17045fdd4d63f2f8a5f55135347) + +When was the SEC's Gamestop report released? **October 14, 2021**. [https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf) + +https://preview.redd.it/tx3th6ellm181.png?width=655&format=png&auto=webp&s=d2cac4b85971d2aca19042c6934a8d4aa0731f7c + +Does anyone seriously think the emails, turning off the buy button, etc., were not discussed? + +Here's an email where they are monitoring Reddit. Gensler, how are you protecting the retail investor here? What the fuck did Vlad & Co say to "persuade" Gensler to turn a blind eye to this stuff? + +[Page 91 of the \\"report\\"](https://preview.redd.it/trspqabcnm181.png?width=580&format=png&auto=webp&s=c68da4997e67b1fa24c613cc76c980737d2e34ec) + +There's other red flags in Gensler's calendar to look into... meeting with Virtu, JP Morgan, Wells Fargo, various congressmen, a Citadel employee with a bunch of other lobbyists... too mad right now to look into it, this shit makes me sick. + +Buy, hodl, DRS 🚀🦍💎🙌 + +**Edit: I sent a FOIA request this morning (11/25/2021) for any minutes, notes, transcripts, recordings and documents related to this meeting. Will keep you all posted. Happy Thanksgiving apes.** +https://www.cnbc.com/2020/05/12/young-investors-pile-into-stocks-seeing-generational-buying-moment-instead-of-risk.html + +The major online brokers — Charles Schwab, TD Ameritrade, Etrade and Robinhood — saw new accounts spike in the first quarter, when stocks experienced a dismal rout and subsequent rebound. + +The new accounts may represent “new investors who sense a generational-buying moment but do not have much background in the equity space,” said Citi chief U.S. equity strategist Tobias Levkovich. +Users in this sub and other crypto subs have this mentality that crypto is the best and only opportunity they have to get ahead financially. This is ridiculous, getting a good job would be far more beneficial, especially if you have a shitty job and can't afford to buy much crypto in the first place. And if you are making 25-40k a year you shouldn't be spending huge chunks of your time looking into or researching crypto. There are people here that claim to have spent hundreds or even thousands of hours on research. And they admit they are also poor... + +Firstly, if you are poor it doesn't matter how much research you do, if you cant even afford to invest a grand you will never see returns that will even support you for one year. You are far better off spending the hundreds or thousands of hours learning tech that pays, like getting your ccna, or learning how to program or something like that. If you are really that into tech why haven't you done this? + +Secondly let's say you make 35k a year and decide to learn new skills and net a job that pays 75k a year. Your effort has awarded you an extra 40k a year. Crypto will never bring you those kinds of annual returns (unless you are a big player, but big players have good jobs), especially if you are poor (refer to previous paragraph). + +So for those of you that believe this is the ticket to financial freedom and hate your sub 40k a year job stop looking into crypto right now, get some skills and go get a better job. Then come back. +Monday open: **175.85** + +Friday close: **222.00** + +We have climbed 46.15 points this week alone. We are jacking some tig ol' bitties here + +Crayon is chopped and bagged, tits fully jacked, beer cracked, BBQ ready. We are here to stay. We ain't leaving. This is the start. + +Keep up the good work team 🚀🚀🚀🚀🚀🚀🚀🚀 +Doesn't that just piss anyone else off? The crooks are free while real developers are getting arrested for programing neutral code. + + +"A judge ruled that the developer must stay in jail for 90 days while awaiting charges and a court date." + + +https://cointelegraph.com/news/ruling-to-keep-tornado-cash-developer-in-jail-for-90-days-sparks-backlash +So, i have around 125k student loans and became a EE out of college making 80k a year. My parents also created a college fund (20 years ago) for me and it roughly has 110k in it. i have my own savings somewhere around 30k, but i am wondering if i should just not take the money out of the 110k fund and let that grow, liquidate my own stocks etc, savings to pay down the loans and continue to pay them off? Or should i just straight up liquidate the fund, pay off the student loans and start building from my own savings (the 30k)? + +EDIT1: Current living situation is i am living woth my parents for a year to stack cash, and pay around 400$ a month to them. so 500-600 monthly expenses. + +EDIT2: Thanks for all the comments and tips guys/gals. You guys gave me some good questions to ponder and actions to take. Thanks for the headwind. Probably wont be responding to too many more comments. +I hope this is the right sub to post, please let me know if it's not. + +My dad very recently passed away unexpectedly in his mid 50s. I am a grown woman but he went on to have 3 more children (12, 11 and 5) with his current wife. He was the breadwinner, she worked as well but doesn't make near enough to ever support her and the kids. She and I get along and I really do love her even though she's a bit nuts. + +My dad has me as his sole beneficiary for his life insurance. Obviously, I am planning pursuing all benefits from his job and getting everything over to her and the kids ASAP. Between life insurance, his union fund, pension, social security, the gofundme I set up for them, etc., there will be a considerable amount of money for her to support them until she figures out what she's going to do long term. + +The thing is: she has no money sense and never has. She and my dad lived quite literally paycheck to paycheck, sometimes having to take out payday loans, car title loans, etc. She is what I would call a "5 minute millionaire"; if she gets any sizable amount of money, it's gone in an instant. Last year, my dad gave her $2000 to get the kids outfitted for the year and the kids never saw a cent of it! She tries to be a good mom, she's just sort of all over the place. + +I'm hoping to get some advice about what to do in this situation. I don't think she would like it very much if I controlled the money for her (who would?) but this money needs to last. Should I set up funds for the kids that she can't touch before giving her the rest? I know for a fact that's something she will not do herself. I don't feel like I can hand everything over and just say "Good luck" because these kids need to have a roof over their heads, clothing, food, medical coverage, for more than a few months. + +The first thing she wants to do is take the kids on a week long vacation, which I think they all need and deserve, but what happens after that? Any and all advice is greatly appreciated. Thank you so so much. +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! + +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! + +My union at work is threatening strike action , they’re proposing a 2 day strike to begin with. + +If it goes ahead what is the real cost to me taking two days off apart from the circa £200 in wages? Will I really feel it 30+ years down the line when I take my pension? +I(30m) spent the last 10 years working a corporate job in tech. Almost immediately upon getting signed full time I realized I wasn't going to be able to exist in this environment for long. I found this subreddit during my first year and started following all the advice, but with a slight deviation from optimal(fast-tracked my mortgage). I held on as long as I could but last month I hit my emotional breaking point and put in my two weeks. I have some financial dilemmas I would like this community opinion on. Please see the data points below: + +&#x200B; + +\-Total Investments(401k/IRA/HSA): 121k + +\-Total investment at 65 with 6.9% returns: $1,344,630 + +\-Withdraw Rate 4% 65yo: $53,800 + +\-Yearly cost of living 2.5% inflation-adjusted at 65yo: $45,000 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +\-Savings: 35k + +\-Debt(Mortgage balance 4% APR): 30k + +\-Home Equity: 150k + +\-Monthly cost of living with mortgage: 1,900 + +\-Monthly cost of living without mortgage: 1,200 + +\-Passive income: $800/month + +&#x200B; + +These are my final numbers. I'm planning on taking at least 6 months off to clear my head and decompress. I have a few questions on my situation: + + +1. Based on the projected balance of my investment accounts I have a surplus of money for retirement. That number is further exaggerated by my home equity which will also appreciate(although at a far slower rate than my SP500 index funds). Is my math correct and am I failing to consider something? +2. I have 35k in savings, and 30k owed on my mortgage. I know its EV suicide to take money out of my retirement account, but I'm genuinely considering taking 10k from my Roth IRA in order to pay off the remainder of the balance and keep a healthy emergency fund. This would instantly reduce my cost of living by a substantial margin and give me peace of mind that the difference between $1,200 cost of living and $800 passive income could be easily achieved. The 4% math used is meant to sustain my account balance through death, but I have no interest in dying with a substantial balance. I lose quite a bit of money long term by implementing this strategy, but the short-term benefits to my mental health feel immeasurable. Maybe I have some other options I'm not seeing, and I'm really hoping someone here can find a better solution. Another thing to keep in mind is that I highly doubt I'll never work a high paying job again. I expect I'll find ways to earn, but it will no longer be my primary objective. +3. Anything else I might have overlooked or any wisdom from people who have taken this path would be appreciated. I'm terrified to tell my family about the decision I've made. +So the title is kinda click baity, but its true. I came about $100k and right now I am about to graduate college and I am really considering buying a duplex and living in it whiling renting out the other half. I have zero knowledge about real estate or anything in that realm. If anyone could please recommend some tips, or some books that I could read, or even some useful knowledge, that would be much appreciated. Im trying to make the best out of my 20's by making smart financial decisions for my future. +There are many examples that show that being poor costs money. An example would be that a poor person does not always have the possibility of buying products in bulk (which usually saves money) - which means he spends more money on the same stuff. Another example is ensuring his car in a rough neighborhood which usually costs more. + + +Is there a standard name for the phenomena? + + +I googled but did not find any mention of a unified name. I also did not find a site on StackExchange where I felt a question like this belongs. So I thought this is a place I can ask. + + +Thanks. +Why did it take the stock market around five years to recover from the 2008 financial meltdown, but now the market is at all-time highs just five months after it plummeted and the economy shut-down? +Despite all of the craziness of the past few days, REMEMBER TO DRS. DRS IS THE WAY. This is not financial advice. Hopefully what we’re going through now is the Mother of All Dips before she rips to the moon. Can’t stop, wont stop (DRSing) GameStop 🦍💪💎🙌🚀🌝. This rest of this is filler for word count. Ping pong bing bong Ching Chong long schlong the price is wrong. Get Fucked Kenneth Griffin +Follow-up from an earlier post here asking for recommendation for [Luxury Cruising](https://www.reddit.com/r/fatFIRE/comments/ogaxcb/luxury_cruise_line_recommendations) options. + +I took the advice of several posters. My wife and I just returned on a 7 night eastern Caribbean cruise on **Celebrity Edge**. I would say Celebrity was a premium cruise. My wife and I were all in for < $7K with a suite. Drinks, internet and tips were included as well as $600 shipboard credit so that ended up as a pretty "all-inclusive" price. + +_Experience_: Ship was very nice with a fresh, modern design. Exquisitely clean with staff that never ever failed to greet you. Low end suite room was spacious and bathroom was above expectations. Food was amazing and shows were good - better than expected. Plenty of onboard activities. Passengers were generally 50 and up with few kids. Private "retreat" area for suite guests was nice but not really necessary because of low numbers of guests sailing due to covid. 9 of 10. + +_Covid_: Everyone was vaccinated and had a covid test 3 days before sailing. Crew was always masked. Felt safer on the ship than at home. Ship was only 35% full. The only significant covid change on the ship was buffet had staff to serve you food. + +_Ports_: Most of the ports were experiencing covid outbreaks as bad or worse than here. Masks were required at all ports. Because of low volume of cruise ship traffic, there were fewer excursions and fewer shops open. Disappointing in this respect. + +**EDIT**: As someone pointed out below. Celebrity isn't typically classified as a _luxury_ cruise but rather as perhaps a _premium_ cruise. Just clarifying. +This subreddit is amazing, but as a newcomer i found it very daunting to "do my own DD" and the following order is both what i found most interesting, and what helped me understand it all. Hopefully it helps some new apes, which can then branch off and delve deeper into it all knowing the basics. + + + + +&nbsp; + + +**Explains all the basics and the terms:** + + +[u/HCMF_MaceFace LINK](https://old.reddit.com/r/Superstonk/comments/nletnn/gme_the_mother_of_all_short_squeezes_moass_thesis/) + +&nbsp; + + +**House of Cards. What is the DTC and much more:** + + +[u/atobitt PDF LINK](https://pdfhost.io/v/lRQ4HqpG0_House_of_Cards_Atobitt.pdf) + +&nbsp; + + +[House of Cards part 1 LINK with a bit more information.](https://www.reddit.com/r/Superstonk/comments/mvk5dv/a_house_of_cards_part_1/) + +[Part 2 LINK](https://old.reddit.com/r/Superstonk/comments/nlwaxv/house_of_cards_part_2/) + +[Part 3 LINK](https://old.reddit.com/r/Superstonk/comments/nlwqyv/house_of_cards_part_3/) + +&nbsp; + + +The above also goes into depth about naked shorting which is very important. + +&nbsp; + + +**More information on naked shorting:** + +[u/sharkbaitlol LINK](https://old.reddit.com/r/Superstonk/comments/nt0ojl/everything_superstonk_knows_about_naked_shorting/) + +&nbsp; + + +**The Everything Short - what is happening and why and how it ties in with everything else (ETFs etc):** + + +[u/atobitt LINK](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/) + +&nbsp; + + +**Similar to the above, but how it ties in with price movements of GME around shorting & FTDs on a cycle:** + + +[u/Criand LINK] (https://old.reddit.com/r/Superstonk/comments/ny2ov4/a_revisit_to_net_capital_what_is_truly_driving/) + +&nbsp; + + +It also helps to understand why you shouldn’t panic when suddenly the price tanks, for example you can speculate the price will pump around T+21, then it will cool off and dip. Don’t sell, looking to buy in cheaper because 9/10 times you will lose. Just buy more or take a DCA approach. You have enough to buy 10 shares? Then buy 1 or 2 a day so you don’t miss out and end up fomoing in on a peak, but you also land a potential dip. [u/MSCToker Why **Averaging up** in GME is a wise move LINK](https://www.reddit.com/r/GME/comments/nv3zwc/concentration%5C_vs%5C_diversification%5C_and%5C_averaging%5C_up/) + +&nbsp; + +**Technical Analysis side of things from our friendly apes:** + +&nbsp; + +Here is Elliott Wave guy (not most recent version, search for the rest) [u/possibly6 LINK](https://old.reddit.com/r/Superstonk/comments/nwyj77/elliot_waves_and_gme_why_im_jacked_to_infinity/) + +&nbsp; + + + +[u/squidja with Elliott Waves explained LINK](https://www.reddit.com/r/Superstonk/comments/nz8k6w/fibonacci_retracement_a_supplemental_elliot_wave/?ref=share&ref_source=link) + +&nbsp; + +Here is Exponential Floor guy. [u/JTH1 LINK](https://old.reddit.com/r/Superstonk/comments/nwwy5x/0610_update_broke_the_logfloor_by_1_5_in_linear) + +Here is ajquicks take on it. [u/ajquick](https://old.reddit.com/r/Superstonk/comments/nynxtq/recalculating_the_exponential_floor_equation/) + +&nbsp; + + +So all the above links cover a lot, but why are people so jacked right now, didn't GME allegedly already do 2 offerings, diluting the share pool and delaying the squeeze / potentially stop it from reaching a higher high? +Remember they are not in debt and 1-1.5bil cash in the coffers is a great thing to have! + +&nbsp; + + +On this sub, people don't like to talk about dates. But I used the dates link here [u/Ginger_Libra LINK](https://old.reddit.com/r/Superstonk/comments/nxu1ck/lets_talk_datesthe_last_few_weeks_of_june_are/) to understand what is potentially happening in the future, and why it could be important by doing DD around the subject. (reading wrinkled apes DD on this sub.) + +&nbsp; + + +In "House of Cards" it touched on the fact we don't actually own our shares, but with a block chain you would. Also it highlighted the issues around conflict of interest around the fact that DTC board members are members / top guns of big hedge funds etc etc. Why is this a problem? Well technically they self regulate themselves. People are really hoping for this DTC rule to finally be re-implemented [u/SpinCharm LINK](https://old.reddit.com/r/Superstonk/comments/ntg2ya/dtc2021005_is_supposed_to_be_the_regulatory/) + +&nbsp; + + + +**So why are people hyped around July 14th?** + +&nbsp; + +Potential for a blockchain dividend. Also describes what an NFT is. +[u/integ3r_p0sitron LINK](https://old.reddit.com/r/Superstonk/comments/nmd7cr/the_guaranteed_short_squeeze_trigger_the/) + +&nbsp; + +**What’s an exit strategy?** + + +&nbsp; + +[u/gherkinit exit strategy DD](https://old.reddit.com/r/Superstonk/comments/nogxnr/infinity_war_the_final_exit_dd_compilation/) + + +&nbsp; + + +**So once you have gained some wrinkles, take a look at these more in depth DDs** + +&nbsp; + + +[u/Blanderson_Snooper GME Master Guide campaign / compilation] (https://www.reddit.com/r/Superstonk/comments/njwv6n/the_gme_masters_guide_a_dd_campaign_for_apes/) + +&nbsp; + + + +[3 Part - Where are the shares??](https://www.reddit.com/r/Superstonk/comments/nt8ot8/rip_uleavemeanon_where_are_the_shares_part_1/) + +&nbsp; + + +**As suggested by other users, then visit these users profile and go through their DD’s** + +&nbsp; + +[u/Buttfarm69 LINK](https://www.reddit.com/user/ButtFarm69) + +&nbsp; + + +[u/HomeDepotHank69](https://www.reddit.com/user/HomeDepotHank69) + +&nbsp; + + +**Lastly, if you truly are a new ape, you need to know who DeepFuckingValue is, commonly referred to as DFV, the meme overlord and the original wrinkled brain who saw what could happen to GME** + +&nbsp; + + + +[u/DeepFuckingValue LINK](https://www.reddit.com/user/DeepFuckingValue) + +&nbsp; + + + +**NEED TO INSERT HERE WHY BUYING AND HOLDING IS THE BEST STRATEGY. SIMPLIFIED, SHORT YET ON POINT. PLEASE LEAVE A COMMENT WITH A LINK OR DD <3** + +&nbsp; + + +**Adding in suggestions** + +&nbsp; + + +[u/Pop-Tart_Rabies_MonkA lot of advice recently around passive income through ETFs etc - this says no](https://www.reddit.com/r/Superstonk/comments/ny9rxv/beware_of_passive_investing_index_funds_and_etfs/?utm_medium=android_app&utm_source=share) + + +&nbsp; + +There are 100’s of other DDs on this sub, once you have read everything above just use the search function for the sub and use terms you would like to delve deeper into. For example “options” “Junk bonds” “Reverse Repo” to name a few. + +&nbsp; + + + + +I do not take credit for any of the DD's above, I'm just posting the above to help other apes who have no wrinkles and give them some guidance on where to start. + +&nbsp; + + + +Love what you apes have done here, keep it up! + +&nbsp; + + + +“But what if you / they are wrong? What if the price crashes even more” + +&nbsp; + + + +**TL;DR I buy more, and hodl. My own opinion is this is one of the best long plays currently on the market. Once you have completed your own DD, make your own decision, it will then give you the confidence to hold the dips, and ride the rips.** + +&nbsp; + + + +GameStop is already established with its brick and mortar setup, and recently it effortlessly released same day delivery because of it’s established “network” of stores. The biggest problem a new brand has is advertising and getting its name out there. Everyone knows who GameStop is now because of this whole saga. They are debt free, already have, or soon will have, over 1 billion in cash in the coffers, and they have a chairman and a team of some of the best minds in the business. If anyone can do the impossible and turn this business around by tapping into the billion dollar gaming industry, manage to pull off reselling of digital games, become a wholesaler for the PC market, reignite the golden age of LAN party-esque nostalgia AND become the top company in the industry, it’s these guys! + +&nbsp; + + + +Even if there is no squeeze and they pull fuckery of the likes we have never seen before, what they are doing with the company is my safety net. + + +&nbsp; + + +And lastly, there is a lot of talk and DD around an impending crash / financial crisis looming. It is all speculation at the moment, but take the time to look into it. Better to be prepared for the worst scenario, than caught out like mr Kenny G. + +&nbsp; + + + +Wow this is really blowing up!! Thank you, and glad it will help some. Gone back through and given credit to those that provided the DD. + +I have removed some *items* to change the narrative. +[https://www.thetagang.com/sharknado523](https://www.thetagang.com/sharknado523) + +Hey all - + +So I posted a meme yesterday that got a really strong reaction (which is awesome), and there was some good discussion in the comments because I linked to my trade history and a few people pointed out I have a nice streak going since I started using [ThetaGang.com](https://ThetaGang.com) to track my options trades. That account contains every trade I have made in my individual brokerage account since 8/18/2020 - the rest of (read: the vast majority of) my investments are pretty much just boring old index funds in retirement accounts. + +A few comments got me thinking - up to now, my strategy has been to sell puts and spreads with low delta, reasonable premium and manageable, reasonable expectations of being successful. I try to do very little with "meme stocks" overall and I typically look for strikes that are near/below solid support levels, such as watching the 50-day EMA, 200-day EMA & the Bollinger Bands. I also look at the ROC, RSI, MACD & volume to inform myself about the strength of the current trend and try to make educated guesses about how the stock could behave between now and expiry. + +Because of this, one commenter pointed out a potential flaw in how I am trading which I have been considering for some time. For example, I just sold a $20/$17.50 $PLTR put spread expiring May 21st. I sold the spread for $0.52, which is a little over 20% of the difference between the strikes. I'd probably buy it back for about half that. So, basically my profit after all that would be something like 10% of the capital I risked. This means that one bad trade can wipe out the gains from 10 good ones. Since my average trade length is 10 days (2 weeks), one bad trade can basically wipe out the gains made churning that same subset of the account from 4-5 months. + +That said, by getting closer to ATM, I would get more premium for my spreads but likely would suffer losses more often than I currently do. Stocks do not always go up, and by trading the way that I have I have afforded myself quite a bit of lenience. Even in cases where I have been wrong directionally, I have been able to wait patiently for the technicals to improve because I did everything I could to avoid a) selling on days that are too green, meaning I got too little premium for the risk I took on and b) make sound decisions about what contracts to sell based on bid/ask spreads, technicals, open interest and other variables. + +The account currently has about $7,500 in it and my realized gains are about $1,200. Assuming I add no additional money (which isn't happening because I add a minimum of $250 every month in contributions from my work paycheck alone), if I make another $3,600 between now and the end of the year that would theoretically be a 64% gain by basically churning the same $7,500 month to month. + +This would obviously be insane and I do not expect this to happen at all. At some point the streak will break, I will do something stupid or the market will simply have a bad day at the wrong time and I will lose money. I harbor absolutely no illusions about the inevitability of this. If my entire account were positioned this way with every single dollar on hold for spread-required capital in the days before the crash of March 2020, my entire account would probably have been wiped out. I am fully cognizant of this and this is why I manage my way in and out of things relatively quickly and I never have 100% of my cash on hold. + +My question for the community is this - since I know and believe everything I just wrote, does it actually make sense to take on MORE RISK and thus sell more premium? After all, if a black swan event is inevitable, technicals aren't gospel and individual stock risk is all over the place, wouldn't it make more sense to be selling more premium on the rides up? Limited-risk strategies such as credit spreads have the same max loss no matter where you start and end, so why not sell strikes more proximal to the current market price? + +Would be curious to get thoughts from people who disagree with that premise or from people who currently trade with that philosophy (or something comparable). Thank you. +I'm a 22M that's been coding since I was 10, lined up a software development job out of HS, in ~3 years became SDE II at Amazon. Total compensation went 90k-115k-125k-260k not including retirement contributions. In total I saved ~$400k, investment growth (happened to almost perfectly time a trade into small value AVUV from VOO which helped a lot) brought me up to my current net worth of $660k. + +I got fired from Amazon a few months ago basically because I'm a garbage and defective human being that procrastinates everything to comical lengths thus unable to get any work done. I've looked back and realized I deliver negative value by working while personally feeling like shit for doing so, so I'm retiring. I've been trying some other jobs and work arrangements like folks suggested, but the same issues destroyed me every time even trying to work 3 hrs\wk so fuck it, I'm done. + +I moved to LCOL and my expenses are staying well within my $28k\yr target. It's pretty easy since all I want to do is play video games and read webtoons, I literally haven't stepped outside in months lol. + +[Here's the expense breakdown](https://media.discordapp.net/attachments/330538905072041994/1037921166666506250/Screenshot_20221103_212234.png) + +All utilities are included in my $825 rent payment, so that's stable. The internet here is pretty great value IDK why, but the $15\mo phone is because I switched to Mint mobile now that I've stopped ever going outside. + +I burn $600\mo on food because all of it is delivered from restaurants. I'm the laziest person ever if that wasn't obvious yet. + +All my gaming stuff I have rn totaled about $2000 when I bought it 2 years ago, with a 1660ti and i7-9850h which look like they'll handle most stuff coming out for another 3-5 years fairly well. I also got a Galaxy S22 for $700 which is supported for 5 years. I amortize all that to ~$500\yr for a reasonable electronics budget. + +The $1250\yr for vacations and $250\yr for clothes is just the average from my adult life, really I'll probably spend less going forward considering I didn't enjoy any of those vacations a whole lot. Healthcare is the most unknown, but according to ACA estimators it should be between free (Medicaid) and $300\yr depending on how much capital gains I realize. + +Maid service is only $80\mo because my standards for cleanliness are low enough that I only have it every 6 weeks. Actually at one point I went over a year without cleaning my place at all, only after moving and noticing my allergies? mysteriously disappear did I realize I should spend a little on this if possible lol. + +Those with good mental math probably noticed $28k is more than 4% of $660k, and the 4% rule in the first place is quite risky considering how long of a retirement I'm looking at while not even qualifying for Social Security. I explain why it's fine and why I'm really following a 3% SWR [here](https://www.reddit.com/r/financialindependence/comments/xodxgx/daily_fi_discussion_thread_monday_september_26/iq1fep0/). + +Even including those attempts to find a bearable job that kept reviving my procrastination, self-loathing, pathological lying, etc the past months since Amazon fired me have been enjoyable...pretty sure they're the longest contiguous time I've been glad that I was born. I finally got time to end my 5 year break from StarCraft 2 and reach Grandmaster rank again (with all races this time :) and to start playing Factorio. I can't remember having as much fun as trying to survive a marathon deathworld, and I haven't even tried any mods yet. My webtoon backlog has also kept growing somehow despite reading dozens of chapters every day. I was scared I might get bored but yeah that's nowhere in sight, I'm finally just happy and excited 🥳 +I am following the project of PRL for some time now and feel like it gets a little to less attention in general. So I decided to give a small insight why I believe in the coin and the project behind it. + +So first for those of you who don't really know what PRL is I suggest you to have a look at their webside: +https://oyster.ws/ + +Now that you have a impression about what Oyster Pearl is, I would like to tell you why I am very optimistic about the project. + +1. An innovative idea that focuses on a problem that has been present for some time now. + +A majority of todays websites are trying to make money with advertisement, however as you all know a common trend of internet users is, to use an adblocker. A majority of people reading this post will use adblocker software themselfs. This i a huge problem for website owners as it leads to a enormous loss in income for them. +The Oyster Pearl technologie can solve this problem by giving the owners a secondary way to make profit out of their website. + +2. Simplicity of implementing the Oyster technologie into the website + +The fact that the website providers only have to implement one line of code to take advantage of Oysters's technologie can be big to make it interesting for big and small websites. + +3. The marketcap of PRL is still rather small -> huge potential of growth + + Because investing in the top-players in the market is pretty risky right now (in my opinion) as these coins are getting a lot of hype I was looking for rather unknown projects with a big potential of growth. +Oyster Pearl, while already jumped from 0.50$ in price at the beginning of 2018 to a price of 2.36$, has still only a marketcap of 74.996.371 USD which ranks it on rank 229. + +I hope I gave you a small insight on the coin and why I think it has potential for growth in the weeks in months to come. Let me know your opinion on the project. + +LINKS: +Website of Oyster Pearl: https://oyster.ws/ +Coinmarketcap link: https://coinmarketcap.com/currencies/oyster-pearl/ +Just noticing a potential psychological assault forming within this sub. + +A significant amount of post are suddenly cropping up, all of them talking about how they are diamond hands and their family/friends telling them they should have sold or they have a problem. + +On any other day I would find this inspirational, but the sudden surfacing of these post all on one day raises my paranoia alarms and I feel like its phase one of a FUD campaign. Some of them are straight up saying their families are afraid people PENSIONS will be harmed. I suspect here in the next week or two they campaign will do a 180° turn around and the narrative changes to they "sold" their shares and probably include somethings along the lines of "im happy with my profit" or "this is the peak." + +Im not saying down vote them and stuff. They may be true but remember be cautious. If everything where what it seemed this forum would have never came to fruition. + +Edit: Got way too triggered too quickly, there are other posts similar to mine with earlier time stamps. + +Edit 2: Ape no fight ape, if you believe a story is real engage positively or just move on. No need to down vote either, the post might just be inspirational for an other person. Unless of course they are blatantly breaking a rule or something alike. +Vlad, CEO of RH and chief mod at r/cuckold, went on national news outlets last night and swore RH would open trading of GME. + +That is not entirely true. + +RH is allowing anyone with ZERO shares of GME to buy up to 5. Anyone with currently less than 5 shares can buy more up to a total portfolio of 5 shares. Anyone with more than 5 shares can not purchase shares. + +This is important because these fuck clowns know that those of us carrying greater numbers of stock likely have the capacity to buy greater numbers of GME shares and reduce liquidity. + +They are simultaneously: +1) manipulating the system +2) taking advantage of people with less funds +3) preventing a greater number of shares from being purchased + +They did this so they could have a talking point in the media and during their congressional investigations and say “We reopened stock purchase of GME” and nobody will dig deeper. + +This is fucking dirty ass pool and fucking outright manipulation. + +Here’s the video proof: https://imgur.com/a/AV3IGMa + +Edit: and yes. I do have other brokerage accounts and those are working fine. Shout out to my homies at SoFi, Fidelity, and Vanguard. I have GME stashed in those accounts too. + +Edit 2: I’m not giving a pass to those fucks at other brokers too. Thomas “The Shit Engine” Fluffer at IBKR can eat a bag of fucking rotten cocks too. Saying GME is worth $17 and the stock should be restricted until it drops to $17 because it’s overvalued. Fuck you Fluffer. You know what’s overvalued at $17? Your shitty blowjobs. You give really shitty head you old lemon party fuck. ^no ^homo + +Edit 3: RH has now dropped the shares you can buy to 2 shares. If you hold more than 2 shares you can not buy shares. Go use another broker. Fuck IBKR, Fuck RH and fuck the hedge funds and brokers. They are gaming this entire thing. Go ahead share this post with anyone not on reddit. Everyone needs to know they are being bent over and violated without lube. Market got caught doing retarded shit (shorting over 200% of GME) and now we all are suddenly the retards. GO GET FUCKED Vlad the Cock Impaler and Thomas Fluffer and all of you fuck clowns. + +Edit 4: Dear SEC - When GME was trading and trending above $350 is when RH and others dropped the share buy limit to 2 shares. This is coordinated and planned manipulation. $350 matters because if GME continues to trade consistently above $350 then gamma squeeze occurs for todays closing options. This is coordinated and premeditated manipulation. + +Here’s the proof of the new 2 share limit: https://i.imgur.com/RhwgoRu.jpg + +#Edit 5: I made a comment that RH was stealing a share from my account. We all have moments of retardation. Some of us, like me, dwell in the retard. I was wrong and I appreciate other redditors pointing out my mistake. I've delete the comments and posts I made elsewhere. RH has done enough shit wrong but disinformation, unintentional or not, is not what we are about. I apologize for the honest mistake. But fuck RH, IBKR, and the hedge funds anyway. Nothing changes. + +#I'm NOT FUCKING SELLING. + +#Edit 6: RH is now down to allowing a single share. Thanks u/shithawks_circling for posting your image - https://imgur.com/a/BRDyxA0 +I (28m) and my fiancé (27f) are struggling worse than we ever have and we don’t know how to get back on our feet. I work full time as a diesel tech making $22/hr and put in about 100 hrs a pay period. She recently lost her job and is doing door dash to try and make ends meet but it’s not enough and we’re falling behind. We have 3 kids and between bills, food, rent, and other living expenses we’ve fallen short more than a couple times and put ourselves in a horrible cycle of overdrafts and payday loans just to stay afloat. Of course, when the next pay period comes and the loans are due, it doesn’t leave much left to get ahead again and we end up overdrafting our account to cover whatever remains. And this cycle keeps repeating and we don’t know how to get out of it. Rent is due in a couple days and after I got paid for a 100 hour period today I’m still $600 short. And that’s not including the late electricity bill or our dwindling food supplies or the payday loan that’s due today that I can’t pay. I just don’t know what to do anymore. + +Edit: I wanted to edit my post to answer some questions I’ve received in the comments, as this got a lot more of a response than I was expecting. First of all, thank you to everyone for the advice and suggestions, I’ll be spending my Saturday researching all of the options you have provided. + +As for the questions about my specific situation; my fiancé was not exactly fired but also didn’t exactly quit and we weren’t sure where that left her for unemployment. She was hired as a shuttle driver for a large Midwest car dealership, but after a few months didn’t like what she was doing and asked for a different position. They created a new position for her directly under the service advisors so she could learn to do their job and eventually become an advisor herself. After a few months of training (standing behind them and watching) her boss told her she wasn’t where they wanted her to be even though she’d been asking for proper training the whole time. They told her they were eliminating her position and she should call around the other locations in the dealership family and find herself another position. She told them she didn’t want another position and wanted to stay there and get the training they were supposed to provide. They told her if she wasn’t going to call around and find something, they’ve accepted her resignation as of the day before this meeting and told her to go home. So we weren’t sure if unemployment was an option but we will be applying regardless now. + +As for my job, I got into a position as an automotive tech about 1.5 years ago, and when my boss overextended himself and couldn’t afford myself and my best friend working for him anymore, he found us openings at a semi dealership as diesel tech apprentices. After about 6 months we graduated with Masters Certifications for Volvo and Mack trucks. This company has been the best employer I’ve ever worked for, flexible with schedule when life gets crazy, no mandatory OT but allow you to work as much as you want, steady pay increases, and the general family dynamic of the employees from the service manager to the janitor has been exactly what I’ve wanted in a job and the thing that’s made me want to stay. I’m currently at $22/hr which is about average for a semi diesel tech in Iowa with only a year of experience. Everyone that has left my company for another has come back and told us that they should’ve stayed and either the pay is only marginally better but the dynamic is awful or the benefits are not great taking the pay down with it. I’m truly happy where I am right now and don’t think I’ll be leaving anytime soon. + +As for her parents mortgage, that’s a tricky situation to be honest. Her parents moved to the states from Puerto Rico to be close to their youngest daughter and our kids. This house was built by her fathers hands and she grew up in it. Nice plot of land on a mountain overlooking the beach. It’ll be paid off in just a couple years. Her older sister still in PR was supposed to rent it out paying for the mortgage, but she has her own issues and is being extremely difficult about it. When my grandparents passed, my mom told her parents she would use the inheritance to buy the house and then kept changing her story and making excuses while she blew through her money till eventually she couldn’t even afford to pay the mortgage monthly. My fiancé doesn’t want to lose her family home like I just did because of my moms financial recklessness. So we volunteered to pay the bill. This was at a time when my fiancé was making very good money and we could afford the extra expense. Her parents are on disability and can’t afford their rent here while also paying the mortgage so we took it over so they could be here with us. That house is going to us when it’s paid for and her parents pass and that is where we plan to spend our retired lives if we ever make it that far. As long as we can stay on top of it, that house will be paid off in a couple more years and we’ll have an actual asset in our names. I’d really prefer not to give up on it so close to the finish line and regret it in the future. + +Again, I want to thank everyone that’s commented and made suggestions and told me some hard truths that I needed to hear to get us out of our situation. All of it is being taken in and processed and I’m working on a plan today. We will be sitting down and taking a long hard look at our lives and trimming the fat around here. Finally, to the kind redditor that sent me a little money over cash app, thank you for your generosity in an unforgiving world. I used that money for a few groceries and necessary household items we’ve needed for a while. The world needs more helpful souls like all of you. +I'm trying to get my hands on a 992 GT3. Three dealers I've tried said they have no allocations available, especially for "someone they don't have a prior relationship with". They're pretty much saying "buy Macan Turbo for your wife and maybe we can talk". + +Last year a friend old mine wanted to celebrate a big exit with an SF90. A Ferrari rep first lied to him saying there are no allocations whatsoever, and after being pushed, proceeded to say he needs to purchase other cars first. It's ridiculous. + +In any case, I realise I can get a gt3 off the second-hand market, but I'd feel like a sucker paying above MSRP ...but more importantly, I'm looking for a very specific config (without buckets, with isofix, etc - I want to daily this thing) that's not very common. On top of it, I know I'd love experiencing the car way more, if I built it myself and have it set up exactly to my liking. + +I don't have any experience buying exotic cars and I'm a bit lost. I'd appreciate any tips on getting my foot in the door and securing an allocation. I'd gladly pay for help, too. I'm in Eastern Europe, if that matters. +Now before you skip the text below and immediately go on a tantrum, realize I have a diverse portfolio and understand very well why people go for other projects than Ripple. + +However.. + +The sheer stupidity on here sometimes is mind blowing. + +There’s a ton of people on the crypto subs who completely fail to realize that with 99% of the current projects, you’re betting your money on a company’s potential based on their ‘white paper and team’. That’s it. Calling most of them a company would be a huge overstatement too. + +Not investing in XRP because “companies won’t use the token” is so naive that it causes me physical pain to read. + +Again, you’re betting on potential. + +How could you possibly think a group of random teenagers with no social or business skills and experience creating yet another ERC20 token that has no use has more potential than XRP? A US based company with an amazing team and investors and partners that go far beyond most blockchain companies will probably ever work with? + +Like I’ve said, I understand why you’d rather bet on Ethereum, Bitcoin even and a few others here and there. + +But honestly stop acting like a damn parrot. The only reason you’re constantly repeating the “ThEy WoNt UsE XRP!!!” argument is because you’ve seen someone else say it and you want to come across as knowledgeable. + +Chances are you’ve read that, accepted it as the absolute truth and left it there without doing even a shred of further research. Yet fall for the constant shilling of random coins every single day, driving you insane. + +The whole crypto space is in its infancy stage but Ripple is laying a solid ground for an amazing future. They’re among a handful of others, tops. If you’re in 10-15+ coins you’re going to go home disappointed, because the hits most of your “investments” took will shatter any profit you’ve made from the minority of your portfolio. + +If you actually care about arguments for investing in XRP and genuinely want to make money with your investments instead of your gambling based on short term satisfaction, read articles like the ones below: + +https://xrphodor.wordpress.com/2017/11/01/who-do-you-trust-with-your-money/ + +https://xrphodor.wordpress.com/2017/11/07/xrp-the-digital-asset-for-banks/ +Right out of college/grad school my husband and I intensely tackled debt. + +Moved back to our home state while this was taking place. Looked at houses, but weren't comfortable with the monthly payment since we only had 3% down and I was looking to stay home with the kids once we had two. + +Bid on a few homes at 10%. Outbid by waived inspections. + +Saved 20% Right as Covid hit and prices flew. Bid but just couldn't beat the competition, also now playing catch-up with the down payment. + +Fast forward to today. Prices have doubled and the monthly with 20% Down is LARGER than the down payment with 3% down. + +Discouraged, depressed. Never for a second regret staying home with my kids though. +Following the requests from Ukrainian minister to sabotage ordinary users from Crypto exchanges + +Kraken CEO Jesse Powell has a very good and fair point + +>Besides, If we were going to voluntarily freeze financial accounts of residents of countries unjustly attacking and provoking violence around the world, Step[One] would be to freeze all the US accounts + +The dude got a point,If citizens should be punished for the actions of their govt, then it should start from freezing accounts of US citizens + +I like this dude, he got some balls and really stands for it, never mince his words,He is one of the right guy to lead Crypto. +I've been investing for 7 months and my portfolio is approximately -4% in that time. I started by wanting to be a dividend investor, so overpaid for companies like Verizon, AbbVie, Amgen etc. + +Since I've gained more knowledge, I have invested in value stocks like Alibaba, Intel and Hewlett Packard (Which I am happy with in the long run). + +However, because most of my value stocks are based in the USA, I hear that I am now "overexposed" to their market, making me undiversified and at risk of experiencing exchange rate issues. + +I combat this by investing into a Global VWRL ETF (this increases my exposure to other geographies and is a relatively safe, slow-growing, highly diversified ETF). + +Then I hear that ETFs are in a bubble, and fear that investing into global markets at all-time highs is a risky strategy (even though I'm told not to bother timing the markets). I could invest in sector-specific ETFs, but is this not merely a gamble based on conjecture? + +I'm beginning to feel quite overwhelmed. I've done a lot of research, but feel like its so hard to develop my own strategy when I read into things more and more. + +Does anyone have any advice? Thank you. +I'm looking to build up a 3-5% portfolio holding in a mix of crypto currencies. Ideally I'd buy a market cap weighted crypto etf...but I know that isn't an option in the UK. + +The alternatives I see are: + +- invest through a crypto exchange, such as Binance. This would give most choice and control, but I find the fee structure horribly complex and convoluted. Also I'm a bit nervous of the regulatory aspect making it difficult to fund/withdraw fiat money (e.g. binance). I also am nervous of the exchange being hacked...but I equally don't really understand cold wallets and encryption keys. + +- Use a traditional exchange such as etoro. I see here there is a cyptoportfolio that can be invested in that mirrors market cap weightings (although only adjusted annually to limit fees). The simplicity appeals, as does the outsourcing of security. Downsides I can see are need to fund etoro in $ creating inbound outbound fx charges. Also I've read the spread for crypto on etoro is high. + +- invest in invesco elwood block chain etf. Benefits are it's simple, i can invest through my ISA and relatively cost effective at 0.65% ongoing charge. However, this isn't really a crypto etf, but would at least provide some linkage to crypto price movements + +Am I missing any other options? +How do you invest in crypto balancing convenience and cost? + +Finally, just to say that this is a long term position I'd like to hold over pound cost averaging and would be limited to max 5% of my overall investments and I have no interest in day trading. + +Thanks +I’m 28 and looking for a little inspiration. Currently make 180k and should see significant increases over the next decade (private practice health care) and we save about 20-30% depending on the year. I love what I do so no plans to RE but I like the idea of working as much or as little as I want to. Just curious when people first hit the 5M+ milestone +Hello folks, first post here, long time lurker in FI subs. + +I’ve recently got extremely lucky with a small revenue share cut in a private tech company. I’m a programmer who built failing startups since 2014 (2 of out 12 succeeded). This year I was on track to make 12MM this year due to extreme growth. Meaning 50% or so of my NW was the last few months of income. + +Unfortunately, in May things took a turn for the worst, a change to stimulant medication to keep me focused (MD thought I had ADHD), my nocturnal sleep schedule, lack of social relationships, extreme stress due to 24/7/365 on-call and poor physical health all hit me at once. I went into a “spiritual awakening” (what we call psychosis in the west) and ended up taking a leave from my position due to thinking I was a prophet of God, ended up in a psych ward for 3 days due to suicidal thoughts and given antipsychotic medication. + +I still have the skillset to build 7-8 figure startups, but due to this experience I feel completely burned out from programming most days. + +I could spend at most 100k a year and don’t feel the need for luxurious condos/sports cars. A simple stress free life, close friendships, a SO a couple kids and travel is what I value at my core, and I’ve taken this breakdown as a chance to reflect on my values. However leaving behind this type of money makes me cringe knowing the amount of charity/future potential I could have with it. + +Have any of you folks decided to leave work much earlier than you wanted to due to mental health? Should I go back and tough it out for another few years but risk my mental health? +In 2004 a man bought every share in existence of a company on the OTC [article](https://www.euromoney.com/article/b1320xkhl0443w/naked-shorting-the-curious-incident-of-the-shares-that-didnt-exist) (he actually bought >100k more than existed actually) the next day the company traded 37M shares then 22M shares (entire float was 1M which he owned every share of). The SEC is not coming to save you, the DTCC is complicit, MM and hedge funds have buddies in the government who are paid shills. + +I saw this case referenced recently and someone had asked if locking the float was even enough. Even if MM continue their fuckery and trade 8M shares the day after the float is locked then what? This would be cause for GameStope to officially announce a share recall (please see my edit below recalls can only be done by the lender of the shares). “when the stock is recalled and the short position is closed by force, the shares leave the on-loan set and the lending pool simultaneously, i.e. the recalled shares are not recorded as being available for further borrowing but are returned to the ultimate owner.” So shorts are forced to close when a recall occurs, at this point in time the “official” short % is 25% which everyone knows is bullshit, but out of curiosity I looked into cases where naked shorts were forced to close. + +I looked into the naked shorting and came across an article about knight capital a market maker who was suspected to been involved in naked shorting. They traded stocks on the DTC’s “chill list” which essentially are stocks that the DTC deems to have high levels of fuckery ($GME anybody?). Even if the shorts are naked MM’s do not have the exemption to never deliver, typically you’re given an IOU in your brokerage (DRS!!!) which allows the MM to continue driving the price down before delivering your shares for a fraction of the cost. + +However knight capital took advantage of a system called the “obligation warehouse” which circumvents the DTC and facilitates self cleared trades (sounds like some fuckery). “The Obligation Warehouse instead simply asks the buyer and seller of these ex-cleared trades if they “know” the transaction. If they both agree, the trade gets confirmed with a journal entry — and the buyer receives their stock purchase. It actually shows up in the buyer’s brokerage account. The trades still have active IOUs, but according to DiIorio’s theory, buyers wouldn’t clamor for the trades to be closed because they would’ve already received their purchase.” + +The article states this creates a sort of shadow clearing system which is never made public. The article also admits that this level of fuckery is extremely common due to the SEC having too much on their plate. Imagine you and your wife had 35,000 kids some of them would likely be put on the back burner and ignored to take care of others. Reverse mergers seem like a huge benefit to naked shorts as they no longer can close these shorts (thankfully GME isn’t trying this) as the CUSIP # changes which is a unique ID # assigned to a public stock. + +“If DiIorio was correct, Knight was driving penny stocks down over and over again with naked shorting, then not actually closing the trades, and racking up enormous paper liabilities.” Link to article: [naked shorting](https://theintercept.com/2016/09/24/naked-shorts-cant-stay-naked-forever/)This last bit is telling. + +Tl;dr Hedgies never intended to close their shorts at all, but apes found the loophole, DRS. A share dividend can force shorts to be recalled in order to provide proof of ownership through the share dividend. The naked shorts are still linked to the CUSIP# and therefore will also have to be closed as well. + +Edit: as someone has pointed out it’s up to lenders to recall the shares, the company can request but be denied by the lender. When shares are lent they can not vote with those shares (runups prior to quarterly meetings). However a dividend could “force” lenders to recall shares as with no proof of ownership they may lose out on that dividend. + +Edit2: Some people pointed this out as FUD, my intentions were not to create any uncertainty. My point was more or less that in this instance the owner of the shares did not DRS which in turn did not allow him to show evidence of ownership but rather IOU’s (he couldn’t prove he owned all shares in existence). Moral of the story DRS good IOU’s bad, be your own savior. Luckily we’ve got a GOAT of a chairman on our team this time around unlike in this case. +# [Discord Link](https://discord.gg/hqBNg4u) + +# [AMA Details](https://i.imgur.com/uRbQoJ8.png) + +# [Verification](https://twitter.com/uptickr/status/1405145552866615299) + + + +This Sunday afternoon, join us for chitchat on all things finance / investments / economics, with CapitalMind founder, Deepak Shenoy, and team. + +Deepak (/u/deepakshenoy ) is CEO and founder at Capitalmind. He has about 20 years of experience in stock markets, and is a guest analyst on CNBC-TV18 and ET Now. Deepak is a SEBI registered Research Analyst, with a degree from NIT Surathkal. + +Vashistha (/u/uptickr_ ) is Chief Operating Officer at Capitalmind. He co-founded Political Consulting startup Policiti and has served as Chief of Staff to Member of Parliament PD Rai as a LAMP fellow. He has studied from NIFT Gandhinagar. + +Anoop ( u/thecalminvestor) is head of Research and Fund Manager at Capitalmind. He has worked as a Business Strategy & Operations Consultant with Kearney, and has held various leadership roles at Honeywell, Zomato, and Microsoft. He completed his MBA from the Indian School of Business (ISB), and a Bachelor of Engineering from Mumbai University. + +--- + +[Fun fact: we had an AMA with Deepak, more than six years ago, back in December 2014](https://www.reddit.com/r/IndiaInvestments/comments/2o4kqp/i_am_deepak_shenoy_founder_and_chief_editor_of/) + +--- + +Please add your queries here if you cannot be there in the audience for the AMA. We'll field these in front of Deepak and team, during the AMA. + +Do reach out to us if you're having difficulty in [joining our Discord](https://discord.gg/hqBNg4u). + +--- + + +EDIT: This AMA is in the books, recording is available on our YouTube channel: https://www.youtube.com/watch?v=Htjvyypd22U + +Also, /u/pmandrek has kindly shared their notes from AMA, [check out their note here!](https://www.reddit.com/r/IndiaInvestments/comments/o13bri/discord_voice_ama_with_deepak_shenoy_capitalmind/h2ig4it/) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. 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). +Long time no talk apes; u/sharkbaitlol back at it again this time to talk about where I believe GME is headed and why it's potentially bigger than we think (and I don't just mean the MOASS). + +A few months ago, we were introduced to [nft.gamestop.com](https://nft.gamestop.com); we're still unsure of *what* this exactly is and what it will entail - but I think I might have an idea of what it is GameStop is attempting, and if I'm right, this is going to change *everything*. Not just for gaming, not just for ecomm, but for all IPs (intellectual properties) in the future. The MOASS will just be a fucking *pitstop*. + +[Power to the players](https://preview.redd.it/wb3nm37o5ck71.png?width=1385&format=png&auto=webp&s=c6fb6dd8b80be1bc24132cd79c04404dd57a4e25) + +With that being said, lets get into this: + +\------------------------------------------------------------------------------------------------------------------ + +Lets break this down into parts for ease of understand of how I got to this point: + +1. GME Past --- A GameStop history lesson +2. NFTs --- GME + NFT = ? +3. GME Future --- Tesla vs Amazon +4. **GMERICA --- Brick by Brick** + +\------------------------------------------------------------------------------------------------------------------ + +**Section 1 --- GME Past --- A GameStop history lesson** + +\------------------------------------------------------------------------------------------------------------------ + +As some of you may recall, I mentioned that I operated as a data analyst at GameStop about half a decade ago. There were many glaring problems that were beginning to arise; the partnerships that we held with various vendors such as Nintendo, PlayStation and Microsoft were becoming tarnished. Year over year, they saw that their digital revenue was growing exponentially through their own digital stores (where they made 100% profit off game sales) versus having to deal with GameStop as a middle man and split the margin (of which were already razor thin). The general margin for a new game was anywhere between 10-15% which means for a new $70 game, GameStop would be walking away with $7-$10.5 bucks. Microsoft was one of the few partners that legit gave a shit about us, sending ample marketing materials, keeping good relationships with store managers, etc. They even gave each employee a free Xbox-one once! Sony and Nintendo had largely turned their backs on GameStop as I recall. The feeling was they worked with us because they *had* to. + +As if this wasn't enough; this was the same time frame that Amazon bought Twitch and began offering 15% discounts on pre-order items via "Twitch Prime". I personally was really concerned with this development, as by offering 15% discounts it meant that Amazon was giving up 100% of the margin they were making on new game sales. This was not something we could compete with. I personally would spend a good chunk of my time pitching new loyalty perks to the executive team, to ensure that people would find the value in increasing average basket sizes (buying a game and a funko for example) to ensure they wouldn't churn to Amazon. I was one of the main driving forces as to why the loyalty card offers a discount on LOOT products. + +As a result GameStop began grasping onto the items and categories where they made the most amount of general margin and had less general competition, which was in LOOT (toys, t-shirts, etc) and USED (refurbished games and consoles). This is where they felt they could still compete, and potentially dig out for the mounting debt, and dropping stock price. It is in my personal belief, that hedge fund's roadmap to kill GameStop started around this era. It wasn't long until we began to see the stock price plummet to the $20 range for the first time (this was in 2016). The sentiment however internally was quite contrary to what was being propagated funny enough. Reassurances were given that the profits were healthy (they were) and that the plummet of stock price from $46 in Oct of 2015 to $25 by January of 2016 was not something we should be concerned about. + +I will go on record to say that having been closely involved with with business performance, I can personally attest that the sales and profits remained within a couple of percent of that what we saw the previous year. This much of a drop in valuation was completely inorganic IMO. It was at this point that I was genuinely concerned about the future of the company, watching it's valuation slowly get chipped away and employees get demoralized; that I decided it was time for me to move away from the brand I loved. Ex-corporate employees that we hired from Toys'r'us and Sears brought even more doom and gloom onto our situation reminiscing on the familiarity of feeling. + +[GME drops $46.80 to $26 in 3 short months back in 2016](https://preview.redd.it/pw05ssn90ck71.png?width=1283&format=png&auto=webp&s=ccf07730ef9b6a80dd745eecd85ec78b945abf31) + +After a couple of CEO flips between then and early-mid 2020, we now introduce two new characters to the story. RC + DFV. This would mark the beginning of a new era for GME. + +RC cleaned house and brought in an entirely new board and team; the individuals selected were not by accident and sets us up for what we might be looking at here. + +\------------------------------------------------------------------------------------------------------------------ + +**Section 2 --- NFTs --- GME + NFT = ?** + +\------------------------------------------------------------------------------------------------------------------ + +# NFTS NFTS, GETCH YOUR NFTS HERE. + +https://preview.redd.it/jed4asz85ck71.png?width=595&format=png&auto=webp&s=855f39438932733de9ca10d2fcc5f339a198d27a + +Okay we get it, NFTs are everywhere - we have punks, apes, kitties and even penguins. Why is this being hyped up so much again? + +So what are NFTs? + +From Wikipedia [directly](https://en.wikipedia.org/wiki/Non-fungible_token): + +>A **non-fungible token** (**NFT**) is a unit of data stored on a digital [ledger](https://en.wikipedia.org/wiki/Ledger), called a [blockchain](https://en.wikipedia.org/wiki/Blockchain), that certifies a [digital asset](https://en.wikipedia.org/wiki/Digital_asset) to be unique and therefore not interchangeable.[\[1\]](https://en.wikipedia.org/wiki/Non-fungible_token#cite_note-:32-1) NFTs can be used to represent items such as photos, videos, audio, and other types of digital files. Access to any copy of the original file, however, is not restricted to the buyer of the NFT. While copies of these digital items are available for anyone to obtain, NFTs are tracked on blockchains to provide the owner with a proof of [ownership](https://en.wikipedia.org/wiki/Ownership) that is separate from [copyright](https://en.wikipedia.org/wiki/Copyright). + +Long story short, essentially you're able to attain 'ownership' over an digital asset or *intellectual property*. As they mention above, photos, videos, music, movies, tv shows, podcasts, games and more. This concept alone is *fucking huge.* This all runs on the backend of Ethereum which you may have heard of, commonly referred to when talking about Crypto alongside Bitcoin. + +As of right now this NFT market place exists in a variety of different places, but one of the few main locations where we can buy/sell/trade these NFTs are on a site called [opensea.io](https://opensea.io). We see a bunch of different "collections" of NFTs being sold/bought and the entire market collectively is estimated to be worth over [$1.5 billion](https://techcrunch.com/2021/07/20/nft-market-opensea-hits-1-5-billion-valuation/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAADGGF4zX3xjdEe_R39sB03B6H3T5Ix_vVXW9hazXOZu_4jfvq-O7-T-sljT2ROG9QLeALQU8kbu_6_m0zf-LNXnrHyTKo5lo-CH7Yr1-oBozgDYrGSVIGcMThMpigZ0uAn6QbIgeRYdyiGqYE7sMCJQMchMc2-vLjWFkry2HPkF_) as of July 2021 (I believe they are well above this now as of end of August). + +Some of the most top traded NFTs [right now](https://opensea.io/rankings): + +https://preview.redd.it/cls471e38ck71.png?width=1363&format=png&auto=webp&s=b0c50b0ca2c54d117bf56c4bd85fee208c06efc9 + +# So where does GME come into all this + +GameStop released a microsite months back at the domain [nft.gamestop.com](https://nft.gamestop.com). We found there a minigame featured a banana cat, and a link to a wallet. As it had turned out - this wallet contained a couple of Easter eggs for us apes, including a "Game On Anon" message in the contract; and the mention of a new type of GME token built on top of Ethereum. + +[https:\/\/etherscan.io\/token\/0x13374200c29C757FDCc72F15Da98fb94f286d71e](https://preview.redd.it/h80ptmz99ck71.png?width=1400&format=png&auto=webp&s=e892cceea350b08f812cf978ceaeefdb65f6f2e2) + +Now it's hard to compare this to anything since it's a new concept; but something like [CryptoKitties](https://www.cryptokitties.co/) can give us some hints. + +https://preview.redd.it/vjur43et9ck71.png?width=1109&format=png&auto=webp&s=42f108e17dcfab68705cd356146277b75883897f + +While this is innocent looking enough, it's important to note that this is one of the world's first blockchain games. As they mention "each CryptoKitty is one-of-a-kind and 100% owned by you. It cannot be replicated, taken away, or destroyed". + +This concept I believe stands as a trojan horse for GameStop's potential "MetaVerse", which will aim to encapsulate a game or experience on a much larger scale. The crazy part is *this is just the beginning*. + +NFT games look to showcase an asset in a digital environment, one where we don't just get to look at our pretty NFT art; but actually interact with them too. Here's a screenshot from a NFT game called "EVAVERSE" that is playing around with this concept right now: + +[evaverse](https://preview.redd.it/w8nvnpvebck71.png?width=1383&format=png&auto=webp&s=ffa5d7862f92d803d31cd45c27d00d4f6a68ff40) + +Essentially you can buy or get awarded a new board, that actually stands as an asset that you will be able to buy/sell on a NFT marketplace. Cool part is, each board has their own stats/visual appearances. + +I know some of you may be thinking; why would I ever buy something that isn't real? It's the same reason we go to movies, pay for Netflix or listen to music - we don't own any of these products physically either. They're intellectual properties that we get to *experience.* + +This concept isn't a stretch either, here's a screenshot of the Steam marketplace for digital knives you can buy in the game Counter-Strike that has thrived for years. Yes, those are prices in real world USD dollars. And yes, people care about them. These aren't even the most expensive items in the game haha. Seriously just ask your 12 year old nephew if they'd prefer a physical t-shirt to wear, or a Fortnite skin. + +[that butterfly knife though 😍](https://preview.redd.it/tnrhgp83cck71.png?width=657&format=png&auto=webp&s=c4ad6ce565b060f5a2f97bb23dbdd12c2565d89f) + +&#x200B; + +As if this concept wasn't already crazy enough, I personally believe GameStop can take it even *further*. Not just a market place for items in games, but a market place for: + +💥💥💥💥💥💥💥💥💥💥💥💥💥💥💥💥💥💥💥💥💥💥💥💥 + +# ALL INTELLECTUAL PROPERTY. + +💥💥💥💥💥💥💥💥💥💥💥💥💥💥💥💥💥💥💥💥💥💥💥💥 + +DRM-Free digital games that you can buy/sell anytime you want (*a massive limitation with today's digital shops directly from PlayStation, Microsoft, Nintendo*), Movies, E-Books, Music, Tv shows, podcasts, paintings, 3-D renders, *stocks, deeds.* The ambition of becoming not only the fucking KING-KONG of not only eCommerce, but intellectual property too. + +The Amazon of IPs powered by NFT. + +Sounds like building a marketplace on this scale could be complicated... + +&#x200B; + +Introducing: + +[Nice NFT Punk profile picture Matt ;\)](https://preview.redd.it/dy5p19e2fck71.png?width=739&format=png&auto=webp&s=5dbc0fb153832fbe2699dd71fa0dd532ac558aff) + +We need to look no further than GameStop's own, **Matthew Finestone - head of blockchain.** Prior to GameStop, Mr. Finestone spent just over 3 years working at Shanghai based "Loopring". + +This is essentially (I'm sorry Matt if I butcher this), infrastructure and user-facing products for the future of marketplaces; an almost "Steam Marketplace"-esque approach to Ethereum. + +https://preview.redd.it/x9aou4ynfck71.png?width=533&format=png&auto=webp&s=2e38c1d51f217ec40d742af3bfa78c32abea023f + +# CONSIDERATIONS: + +* High "Gas Costs" +* NFTs are expensive as a result + +Ethereum comes with it's own flaws and limitations; the high level of security and fees associated with encrypting/decrypting transactions means additional electricity costs ("Gas Fees" is what they're known as in the NFT world). When users buy or sell NFTs currently, anywhere between a 10-25% (varies depending on size of transaction) surcharge can apply just for the gas fees alone. Some artists may choose to upcharge to compensate for this, while others will simply allow it to eat into their margins. + +Interestingly Loopring, in a massive progression for Ethereum - just this week announced that they'll be progressing NFTs to L2 (layer-2) infrastructure. This will allow "anyone to mint and trade NFTs instantly and gas-free" + +https://preview.redd.it/0nvxg3fehck71.png?width=680&format=png&auto=webp&s=2551f2d9d59ff33ee223a2105e5f62083c4e2bde + +From the Loopring team [themselves](https://medium.com/loopring-protocol/loopring-now-supports-nfts-on-l2-29174a343d0d): + +Due to the removal of a high gas cost, this is going to open the door to AMAZINGLY cheap digital assets to be bought/sold. It will not be a market dedicated to just some wealthy holders. It'll open up for everyone, and for everything at the best execution price. + +https://preview.redd.it/jf5p479rick71.png?width=548&format=png&auto=webp&s=77117d7181ae748c43dbd56f575e4723d1a51ea0 + +Foobar btw, has worked(ing) with the GameStop team for their NFT offering; being one of the first creators in the NFT space having minted "CryptoPunks", the first and highest valued NFT collection. + +&#x200B; + +# BUT IT DOESN'T STOP THERE + +&#x200B; + +I personally believe that the OTC market (over-the-counter stocks) will be the first to get swallowed up by the NFT marketplace. Interestingly, have a look at the top traded assets over there 👀 $725 million a day. + +[Ethereum up top](https://preview.redd.it/dz8vsruyjck71.png?width=1018&format=png&auto=webp&s=090ce06c43a1d1a1d8895e3818164427aa0059fa) + +https://preview.redd.it/wy4msye1jck71.png?width=581&format=png&auto=webp&s=e592d701bae9b4ca120718df9cf938cb2e8bb87f + +&#x200B; + +This leads up into our next section... + +\------------------------------------------------------------------------------------------------------------------ + +**Section 3 --- GME Future --- Tesla vs Amazon** + +\------------------------------------------------------------------------------------------------------------------ + +\*\*Disclaimer: This section contains a lot of my personal speculation\*\* + +Now we finally arrive as to why I believe all this is happening. It is not by chance that half the GME team is ex-amazon, and that RC has hired dedicated teams for BlockChain. + +Contrary to popular belief, over 50% of Amazon's total operating income comes from AWS (Amazon Web Services). That's right, not just from selling products; but from server hosting. Now when we think about GameStop, remember how I mentioned how we had to go on defense back in 2016 due to Twitch Prime? An NFT marketplace is a sure fire way not for GameStop to defend themselves, + +# but to also go on the OFFENSE and start their own WARPATH + +And I personally think that GameStop is not alone in this. Enter Tesla. + +This theory started to really click for me after watching Tesla's AI day just last week, and no I don't mean the Tesla Bot. + +We're talking about Tesla new "Dojo 1" chip. + +So what's it do? + +https://preview.redd.it/ypgzzbj0pck71.jpg?width=1359&format=pjpg&auto=webp&s=a94d8275c6313ec434d1128f99a17e53de05a6b7 + +Take a look again at the bottom right of that screenshot; "5x smaller footprint", "1.3x better performance/W". Remember when Elon tweeted this out back in May, shortly after Tesla pulled out of crypto? + +[Starts to make a lot more sense right?](https://preview.redd.it/frh6edeqkck71.png?width=589&format=png&auto=webp&s=f8e52bed8af2a4e0e72f10a069dc97da87f86825) + +I should note, that while this is a NPU (neural processing unit designed for neural networks), it is comprised of a 7nm semiconductor node, with 362 teraflops of processing power. This thing *hauls* ass and can be easily repurposed. But that's not all, during the presentation Tesla made specific reference to the modular design of these chips. + +It is in my belief that these chips will be utilized to create competition to not only AWS (and create their own warehouses for hosting), but also potentially create the foundations for the future of NFT transactions. Driving "gas costs" with a "smaller footprint", without "drive(ing) a massive increase in fossil fuel use". + +https://preview.redd.it/39hj3dqvpck71.jpg?width=861&format=pjpg&auto=webp&s=e6e887a423cacddf8e4c14c6299c2e94561b07b9 + +This basically sets up the scene for what I believe will be a two pronged attack from GME + Tesla to take down Amazon. GME from the direction of eComm + NFT marketplace, Tesla from the hosting and tech front. + +&#x200B; + +https://preview.redd.it/klkkqdhisck71.png?width=917&format=png&auto=webp&s=838f331cab973671f0125b30a8d26616023a190c + +I think we haven't seen the end of this just yet, but as crazy as it may sound I believe that a GME + TSLA partnership could exist as it stands to benefit both parties in huge ways. + +It's clear that both RC + Elon believe in this technology. Only time will tell how this manifests. + +&#x200B; + +And of course, it'd be cool as hell to play games while your car drives you around. + +\------------------------------------------------------------------------------------------------------------------ + +**Section 4 --- GMERICA --- Brick by Brick** + +\------------------------------------------------------------------------------------------------------------------ + +The future of what NFTs represent, will be the starting point for what I expect to be the dawn of a new era. The same way humanity changed in a big way at the start of the industrial revolution, I suspect will begin to happen again in a few short months/years. + +It should be noted, that every time this has happened in human history; the transitionary period always brought on confusion, panic, and financial hardships onto the economy. It so happens that with all the research done here at r/superstonk; it appears that this is looming again. + +&#x200B; + +Now I'm really going to need you to use your imagination for where this could be headed in the next decade. + +&#x200B; + +Imagine buying an NFT, that you could put up on your wall using Augmented Reality and showing it off to guests. Or displaying a cool trophy head of a raid boss you and your friends killed in a game, hanging up in the corner of your living room. + +This is not as outlandish as you may think. + +[https:\/\/www.youtube.com\/watch?v=Jd2GK0qDtRg](https://preview.redd.it/v040rsoqvck71.png?width=1631&format=png&auto=webp&s=4b8ed2b2934feb92f3135fce9b910f0f2e6a8ef0) + +In the picture above, we see someone having a meeting using Augmented Reality tech from Microsoft. They've been working on something called "hololens" which is essentially similar to an experience to when we use AR on our phones for games/apps like Pokemon Go but in the format of a headset/glasses that you wear. + +Now it's funny that Microsoft specifically gets brought up here, considering that GME has a partnership with them. Funny enough we've seen plenty of references to Microsoft over the last few months... Maybe coincidence, maybe not 🤷‍♂️ + +[maybe I'm just out of my mind](https://preview.redd.it/4b3ez9yexck71.png?width=1110&format=png&auto=webp&s=9564eb2eb8deed534008ed81707273da7174c563) + +It is not by chance that we're seeing new iPhones come with new LiDAR tech that improves AR. I believe that as an extension to the "metaverse" it will spill over into the real world. NFT items will not just exist digitally, but will be something we can observe in the reality as well. + +&#x200B; + +# IN CONCLUSION + +&#x200B; + +TLDR; I personally believe the MOASS is exactly the thing that could fund an entirely new market for almost everything. I believe that NFTs are going the change the world in a very big way, with proper valuations for intellectual properties (ie. the Scarlett Johansson vs Disney fiasco), that will potentially encompass games, items in games, movies, E-Books, Music, Tv shows, podcasts, paintings, 3-D renders, *stocks,* and even *deeds.* This is absolutely something we should be excited for! + +# I believe GME is leading this warpath, and the MOASS is just a pitstop. + +If you like thinking about the future, and what it could possibly entail; check me out on Twitter where I post things that I find interesting on a regular basis! "Dare to dream bigger darling" + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +&#x200B; + +Power to the players, + +u/sharkbaitlol + +&#x200B; + +Edit: from u/LetsBeatTheStreet + +>Elon on Twitter “I bought a Video Game” on Jun 6th [https://twitter.com/elonmusk/status/1401493801131298816?s=20](https://twitter.com/elonmusk/status/1401493801131298816?s=20) +> +>Speaking of Partnerships - Microsoft Is Awarded US Patent for Crypto Token-Creation Service - [https://www.coindesk.com/tech/2021/08/26/microsoft-is-awarded-us-patent-for-crypto-token-creation-service/](https://www.coindesk.com/tech/2021/08/26/microsoft-is-awarded-us-patent-for-crypto-token-creation-service/) + +Edit2: Don't forget Gary Gensler's expertise in the BlockChain space... He's in office for a reason 😉 + +[https://www.youtube.com/watch?v=EH6vE97qIP4&t=17s](https://www.youtube.com/watch?v=EH6vE97qIP4&t=17s) + +&#x200B; + +Edit 3: Something, something **Starlink**, something something 5G -> 6G speeds + +&#x200B; + +Edit 4: [https://opensea.io/assets/0xe39a238d74bdd95a895026fc25ec97fb8a4b1959/10149](https://opensea.io/assets/0xe39a238d74bdd95a895026fc25ec97fb8a4b1959/10149) from GameStop NFT designer @nftspike. zkRollups? Courtesy of [@brianmohan11](https://twitter.com/BrianMohan11) + +Edit 5: 👀👀👀👀 literally from today via Loopring [https://twitter.com/u\_sharkbaitlol/status/1432156335114788871](https://twitter.com/u_sharkbaitlol/status/1432156335114788871) + +Edit 6: Looks like Facebook is trying to play too 😉[https://www.youtube.com/watch?v=Ltd7RlTeaZM](https://www.youtube.com/watch?v=Ltd7RlTeaZM) + +Edit 7: Interesting further thinking [https://www.reddit.com/r/Superstonk/comments/pe8td0/i\_think\_we\_can\_figure\_out\_the\_gamestop/havox3f?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/pe8td0/i_think_we_can_figure_out_the_gamestop/havox3f?utm_source=share&utm_medium=web2x&context=3) +When eventually their economy comes back after all this dumb war crap and the exchange rate returns would the exchange give you more us money? + +Might be dumb question idk. +I met this woman who wanted to be my sugar mommy and says she need my full name and login details to send me money. She says she works with at apple with cryto currency and is going to send me some money from her paycheck. I know this sounds really fishy but I'm not sure how to handle this I'm 17 and haven't encountered this before. She messaged me on an app and now we've been talking on Google hangouts. +China GDP in 2019 is 14.2 trillion, growth rate is 6.2% + +As comparison, when the US had an economy of that size was in 2007 around 14.5 trillion with a growth rate of 1.8%. + +Meaning when the US had a similar economy size as China today, China is still growing 3.5x faster. + +12 years on today, the US economy is still in good shape which everyone would agree. So am I missing something that everyone sees which points to the fact that the China economy is doomed to fail in the near future? +...and what would they propose to replace in order to raise revenues for the government? Would this amount be significantly more than purely corporate taxes? Why are they not simply taxed on gross income? How is it considered 'inefficient'? + +&#x200B; + +I have heard of a consumption tax, would this be something like Value Added Tax? +Realty Income I believe is one the best, safest deals right now for you to buy. + +Currently as of Friday's close it is sitting at 55.54 with a 5.36% dividend yield. + +1. Company did not see any downturn much during covid. Solid growth each year. +2. Company restructured itself and got rid of office tenants post-covid. Bolstering position and value. +3. Sitting at 99% occupancy rating for all its properties. +4. Raised its dividend 6.2% recently in the past 6 months which is a huge help during this inflationary stage. +5. 0.6 debt to equity ratio, which has been getting lower, despite covid (Anything below a 1 is usually safe. Below .80 is pretty solid. +6. 2.49 a year dividend payout per share (approx) in October 2020. Now in October 2022, it is 2.93 (approx), a 15% increase in 2 years about. + +Seriously, this company is a steal right now. I don't know if it will continue to drop or not, but if you plan on holding onto it for a considerable time, you are going to reap the benefits, especially if you DRIP. + +Sources: [https://www.macrotrends.net/stocks/charts/O/realty-income/dividend-yield-history](https://www.macrotrends.net/stocks/charts/O/realty-income/dividend-yield-history) +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! +For analyzing data in various kinds of ways, whether it be making output tables based on information from input tables, regressions, Time-series, or other kinds of math/stat and data work, what's the best language? +I've been picking my own individual stocks for a while now and have been consistently generating solid returns, but I would like to simplify my ROTH IRA. I know that SCHD gets a lot of love here (understandably so), but would it be wise to allocate 100% of one's retirement portfolio solely into a single fund? Or might there be a better option/strategy? + +I've read posts here about pairing SCHD with other funds or specific stocks, but the advice I've seen given doesn't seem to result in better returns (and often measurably worse) than simply holding SCHD on its own. + +For context: I'm 35, max out my IRA each year, but started late so my portfolio value is only \~25k. + +Any help, advice, or related discussion is welcome. Thanks! +At the title reads, went through a major insurance provider and typed in my details and the quote came up at £80. I was sceptical but just assumed it was my lucky day. + +Now they are calling me up and say that they need to talk to me urgently. I'm assuming their algorithm went wrong somewhere. + +What should I say when I ring them up, are they obligated to honour the transaction at the price quoted? + +They have already sent me all the policy documents and everything looks fine, policy is due to start in two weeks. + +Edit: thanks everyone, will call up tomorrow and see what they have to say for themselves. + +Update: So they just called me up and told me that they would be cancelling the policy and providing me with a full refund plus a £30 gesture of goodwill. Didn't quite understand the issue but it basically revolved around them not adding the premium to the price. So I had only paid for the arrangement fees. They said that the policy wouldn't have insured me in the case of an accident despite me having given them all the correct details. +Finally sold all of my crypto 😢 + +Times suck right now. I live pretty much paycheck to paycheck affording my own place (since my boyfriend and I broke-up early pandemic and he moved out) and other expenses. I had a series of unfortunate events with my car (flat tire twice in one week and had to get all new tires, then drop $1200 repairing the AC... only to find out there’s a ton more wrong with my car that would cost more than the car is even valued at). + +Anyway, with commuting roughly 25 miles a day round trip for work, I simply can’t go without a car (I used to take the buses which was almost 4 hours round trip each way). So, today I bit the bullet and sold all of my crypto after holding for nearly 4 years. In 2017, I was nearly 17k in debt and literally bought $500 worth of ETH on my credit card. At the time, it was maybe a stupid decision but a friend at the time kept raving about how it was going to take off. I’ve been through the highs and the lows as a small HODLer, and here we are back at a nice high like in 2018. + +Maybe this is the right time and it’s fallen into place because this will afford me a reliable car that should last me hopefully as long as my current one did till now. + +I’m super sad to no longer really be a part of this community, as I usually check through this subreddit at least 4-5x a week. I feel like I might be kicking my own ass at the end of the year if ETH hits 10k, but I am rooting for all of you! + +I don’t mean to sound like I am complaining. It didn’t make me a millionaire, but it has definitely made an impact in my life that has provided an opportunity to help me out of this really shitty situation. I am so grateful for the gains I was able to get! + +The moon draws closer. I pray each of you gets your Lambo. Meanwhile, I will be cruising along in my secondhand Mazda in a few days 😁 +Hi PF I'm a very scared 20 yo college student and don't want this to happen, my mother is adamant that this is the way to go. The person that invited my mom to this thing is a close relative and i dont think she believes its fraud either. You basically give 24,000 to get in, then recomend two people who do the same after 8 people are at the bottom level the person at the top aka you gets 192,000 + +Its an obvious pyramid scheme and is destined to fail and I've tried explaning this to my mother(too many people needed to only give one money etc), I'm very concerned for her financial well being (since 24,000 is about 5 months salary) and don't want her to feel stupid or conned by this relative which I believe also has no clue what this is( I dont think she would intentionally do this to my mother, I think she actually want to help her get out of her debt) but I dont know how i can aproch the topic firmly without fighting + +Sorry if this is a mess please I'm a little freaked out, feel free to ask clarifications in the comments + +PS Im from mexico so any resources in spanish for my mother would be awesome + +EDIT: Monday +I went to bed woke up and started doing my daily routine and throughout the day I thinking "Its a lot of money but we'll get by It's not worth the huge fight" but then I went into reddit again almost forgot about this post and HOLY SHIT the internet nice people definitely out number the trolls. With this amazing response and all your support i just can't let her do this. She's at work right now so I've just kind of sent her a bunch of your links and comments. I guess we'll talk about it when I get home. I just hope she actually reads any of this stuff because she can be very stubborn oh and BTW if I commented you with a"TBG" it means I'm going to gild you, just so I dont forget. Thanks nice internet strangers YOU ROCK! +Some days I'm still in my pajamas when my kids get home from school. I have an eleven year old and thirteen year old. Eventually they are going to start wondering WTF i do all day... +EDIT 4: +I'm re-arranging and cleaning up the post to show info in a clean format, so as to answer many of the questions than has been asked, because I can't answer questions timely any more, because this post blew up. But I want everybody to understand and use this opportunity. + +**What is a credit freeze?** + +A credit freeze is when you put a hold on your credit record, so that nobody can get access to it without your permission. It protects you against identity theft. Even if a hacker knows all your info, including your SSN, he won't be able to use your account to get a new credit card, because you will have to unfreeze your info before they can be released. Now by law, the credit reporting agencies have to respect your wishes, as to who has access to your personal credit record. Once you freeze your record, it can only be accessed after if you unfreeze/thaw it. + +Other replies: + +https://www.reddit.com/r/personalfinance/comments/9hlps3/credit_freezes_are_now_free_starting_today/e6dk0sx/ + +**Why is this news important now?** + +Many experts agree that freezing your credit report is the strongest way to protect against identity theft. Starting Friday, you'll be able to do it free of charge. In the wake of a massive data breach last year at Equifax that exposed personal information for about 148 million Americans, Congress amended the Fair Credit Reporting Act to require reporting agencies to freeze reports for no charge. Equifax is one of the three major credit reporting agencies in the United States. [The bill was passed in May](https://money.cnn.com/2018/05/22/pf/free-credit-freeze/index.html). [It is effective as of today.](https://www.cnn.com/2018/09/20/us/free-credit-freezes/index.html) + +**How can I do it?** + +To set up your own credit freezes, go to the freeze page at each credit agency's website individually: + +[Experian](https://www.experian.com/freeze/center.html) + +[Equifax](https://www.freeze.equifax.com/Freeze/jsp/SFF_PersonalIDInfo.jsp) + +[TransUnion](https://freeze.transunion.com/sf/securityFreeze/landingPage.jsp). + +[ChexSystems](https://www.chexsystems.com/web/chexsystems/consumerdebit/page/securityfreeze/placefreeze/) + +[Innovis] (https://www.innovis.com/personal/securityFreeze) + +[NCTUE] (https://exchangeservicecenter.com/Freeze/jsp/SFF_PersonalIDInfo.jsp) + +You will be given a PIN that you'll need to lift or remove the freeze in the future. + +**Do I have to do this with all credit agencies? I only have one credit card** + +Yes you do. Your credit card reports to multiple credit reporting companies. + +**Does this mean that I can freeze my credit score at 810? Does freezing affect my score?** + +No. A credit freeze only freezes who can *see* your credit record. Your credit score will still be based on how you pay off your lenders. Freezing does not affect your score. + + +**Is credit unfreeze/thaw also free?** + +[Yes.](https://www.reddit.com/r/personalfinance/comments/9hlps3/credit_freezes_are_now_free_starting_today/e6d4v8e/) + +**How long does the “thaw” process takes before credit is available to be pulled?** + +If you do the thaw request online, the law requires it to be done within 3 hrs. 24 hrs, if you do it by mail. + +**What if I lose my PIN? How do I recover it** + +From several posts I saw, there are methods to recover your pin/ and access your account that involves snail mail. You get letters in regular mail, which I assume is for confirming your physical address. + +**How accurate is this info?** + +To the best of my knowledge. I will update as I find better info. + +**Where can I find more info?** + +https://krebsonsecurity.com/2018/09/credit-freezes-are-free-let-the-ice-age-begin/ + +http://clark.com/personal-finance-credit/credit-freeze-and-thaw-guide/ + +https://youtu.be/vsMydMDi3rI + + +**Original Post** + +EDITS: + +Thanks to /u/tjtwmfl , /u/graphitezor , /u/shawn_sarmin , /u/Indushydi , /u/pingpong , /u/Volim_Da_Mislish /u/DangitImtired /u/bobsmithhome /u/honorious for their contributions. + + +Thanks for the gold!!! + +This post goes to all of you who’ve been around for about a month, weeks, days or even hours. + +Ok, so after reading and hearing about this digital money thingy that magically grows on its own making everyone rich overnight called Bitcoin and confirming you don’t have to buy a full coin for like $16,000, you’ve decided you want in. You setup your Coinbase account, gave almost all your personal and banking info, plus a photo, your ID and your credit card to a complete stranger and bought a fraction of something you barely understand hoping it will somehow turn your hard earned money into a fortune someday. But it looks like you’re going nowhere, because as incredibly fast as BTC grows, right now it would need to go from around $16,000 to $32,000 just to turn your $300 investment into $600 and that’s far from the huge profits you thought you’d be making in a few months. + +So... you read there’s this other thing called Alternative Crypto Coins or Altcoins for short, and people say many of them are incredibly undervalued, meaning that they haven’t been pumped in price yet so these Altcoins are the key to making it big for small investors like yourself. What happens when you decide you want to invest in Altcoins? Well, the main problem is that there’re more than 900 different projects out there and at least 100 of them can be considered somewhat “serious”. Then, how to decide which ones are worth your money?? Well, the main advice people gave newbies mere months ago was to read a lot, understand each project, visit forums, read whitepapers, check market caps, coins in circulation,join communities and decide for yourself. + +And you may think: “I came here for the easy magic internet money and now I have to spend weeks reading things I don’t understand to decide if I should invest on a project that may or may not explode in price months or maybe even years from now?? No thanks. There has to be an easier way”. + +And you decide it’s best to just check a few subreddits like this one and see what people are talking about. Ignoring all previous posts making exactly the same question you start a new thread asking everyone where you should put your money. And I don’t blame you. I’ve been there too. I know what it feels like to have your money ready to invest in anything and you just need someone to point you in the right direction, no matter which one, but fast because people are making money out of this and you don’t want to be left behind. So let me be the first one to say: OK. Go ahead and trust your money to a complete stranger on the Internet who’s telling you to buy as much as you can of this coin you’ve never heard of, but it’s going to the moon in a matter of days. It’s ok. You have to learn how this market works one way or another. Maybe after making your first few investments you can take it more slowly and start actually reading about this amazing new technological environment that’s the blockchain. Maybe after that you can make better personal decisions and even put your money behind a project you really find interesting and worth it. + +I’m just going to give you one little piece of advice. When you’re reading posts and this guy comes and says “You should be all buying this coin because it’s got a great team behind, a serious project a real world application...” and all that, please, take your time to, at least, check that user’s history and profile. It will only take something from minutes to like an hour max and you’ll find out how long they’ve been redditors for, what other people think about them and their comments and posts, if they normally give good advice, if they’ve been right before about other coins, if they’re normally upvoted and therefore have a high karma... After all it’s your money and you shouldn’t just give it away without having at least a basic idea about where it’s going or if you’re just being used by some guy who just wants to dump his bags of shitcoins on gullible newbies. + +Happy Hodling!! +It’s misinformation at best, unethical at worst, and FUD nonetheless. I don’t think OP was aware of the misinformation they were spreading. It’s up to ALL us apes to catch these things before it circulates, like the post did. Let’s begin. + +———————————— + +This post is all thanks to /u/PsiGhost, who originally commented here. Made it into a post for visibility. This is also the original post of the red barcode-style image. + +https://www.reddit.com/r/Superstonk/comments/o9qeq7/russell_1000_1_min_chart_wtf_is_this_i_have_never/h3d72nn/ + +———————————— + +So, by now, you’ve been searching all day on /r/Superstonk for some fresh memes, speculation, or DD to confirm your bias. You know, the usual. + +Of course, you saw the “WTF” post about the Russell 1000 (RUI) indicating irregular behavior, that much looks like a murder scene or a red barcode. You may have even gone deeper: when did this start? Does it correlate with GME? T+# dates? Banks and RRP? + +Well, I hope you didn’t spend too much time dawning on that murder scene, as it is misleading and misinformative (again, thanks to /u/PsiGhost for pointing this out in the original post). + +The picture you saw was of the [CFD](https://i.imgur.com/ArZmpUB); not RUI itself. As you can see, there is the true Russell 1000 index (2nd result) and the RUI CFD (shown in the original post with nearly 9k upvotes) is the first result. + +For those that don’t know (like me), CFD’s aren’t assets to be owned, and are actually trading instruments; OTC derivative contracts traded, using margin, based on the current spot price. There are some key differences between stocks and CFDs that’s easily found and explained on G oogle. + +———————————— + +So, yeah, long post to basically say /r/Superstonk got **bamboozled**, most likely unintentionally by OP. Keep your heads up, and your tits jacked. It’s no time for bullshit and apes must be analytical, logical, and diligent about speculative posts. If we all just eat up pictures and data without verifying the info ourselves, how does any smooth-brain expect to survive MOASS? + +The true Russell 1000 index is looking fairly normal on WeBull 1min (credit to /u/PsiGhost again for this find and link) https://imgur.com/a/2Idru5W. Edit 2: by normal, i mean it doesn’t look like a giant murder scene on the chart + +———————————— + +**TL;DR**: Russell 1000 (RUI index, not CFD) looks fairly normal. The OP that posted the “WTF” post with red barcode all over the screen, like someone was stabbed, likely was unaware that was the wrong ticker. + +~~This post is **NOT** meant to bash OP or anything. But, it’s frustrating (and frankly cringe) to see a lot of /r/Superstonk gobble up and spread misinformation like wildfire.~~ this comment may have been a bit too frank and rash. Apologies. + +I mean, seriously, I felt like this post was needed because /u/PsiGhost’s comment was going to get seriously buried in the weird variety of panicking and fearmongering comments in posts about RUI CFD. +========= +**AstroPup ($ASTRO) is a lighthearted deflationary meme token, with a 10% tax applied to every transaction.** +=========== +✔️Website: https://astropup.finance/ + +✔️Telegram: https://t.me/AstroPup_Official + +✔️They have made a very cool website, with excellent branding + +✔️Their space puppy mascot is freaking cute! + +==== +Potential moonshot IMO, but please DYOR. I got in early, and the ride so far has been insane. +**Solid Tokenomics** + +✔️ 10% tax on every transaction + +✔️ 7.5% to holders + +✔️ 2.5% to LP pool + +The high LP pool tax should greatly help against trade volatility. + +50% of the 1 quadrillion total supply was burned to create even better pumpanomics + +Contract can be scanned, contract ownership has already been renounced. Verifiable on TokenSniffer + +Clean looking website, the devs clearly put down a lot of work and are ambitious about the project. + +Updated roadmap coming later this evening, which will outline the teams plan for ASTRO. + +The teams initial focus has been aimed at marketing AstroPup far and wide, including booking massive promotions on Twitter, YouTube and TikTok. On top of this, the team has also just applied for a BscScan "listing" and are currently working on CMC. + + + +✔️ How To Buy AstroPuppies? + +✔️ **Contract Address:** 0xaaa304abe41870600274160df1fc9f0c136a13cc + +✔️ **Buy on PancakeSwap(v2):** https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xaaa304abe41870600274160df1fc9f0c136a13cc + +✔️ **Chart:** https://charts.bogged.finance/?token=0xAAa304aBe41870600274160df1fC9F0C136a13Cc + +✔️ **BcsScan:** https://bscscan.com/token/0xaaa304abe41870600274160df1fc9f0c136a13cc +Hi all, + +I need to preface my post by saying that I'm a doomer. Yes. Laugh all you want but I'm a doomer (or a collapsnik if you prefer) and I believe we have a decade or two of normal life ahead of us. I have an extremely pessimistic view of the world, I have anxiety attacks, and I do see a psychiatrist. Why you may ask? I work a corporate job but I'm also a climate researcher that helps some scientists. I work for a European university on different research papers and the future is not bright. It is straight-up tragic. [The distinct burden of being a climate scientist](https://www.motherjones.com/environment/2019/07/weight-of-the-world-climate-change-scientist-grief/) Having that out of the way. (please read it with an open mind) + +Together with my spouse, we were able to save up 300,000 euros. We don't spend at all, we are very frugal and we are very pro-ecology. We also have a flat in a city in Europe (800k habitants) that is already fully paid up so we don't pay for rent or anything. + +I know that we are really blessed and we are incredibly lucky (but also a lot of time spent studying, writing, and working) but I wanted to ask you for advice. + +The issue is inflation, the missed gains, and the short time horizon. I know "VTSAX and chill" but this is all great if you have a 30 years horizon of constant DCA. What if you have just a couple of years before all goes to .... ? I know that wealth is built upon investing money, letting it work for you but how do you do that if there is just no hope? + +So, out of the 300k we only invested 30k at the moment. Only 10% is invested in the stock market (stocks and ETFs) while the rest is losing value. Why so little? Because of the fear that we can lose everything to a crash. A black swan crash that can wipe out all our savings will not have a bull rebound for the next decade or so because we don't have a decade. + +We calculated that over the last year and a half we lost 8,000 to 15,000 to euro inflation (1.5% to 3.0% y/y) and in missed gains 102,510 if had bought VSTAX lump sum on January 1, 2020. + +So the possible solutions that I can see: + +- Stop what we are doing, buy land and live out of the land for the rest of our days. Con: After buying a patch of land we don't have enough money to even leanfire +- Invest let say 50% in VTSAX. Con: Just straight up not happening. Even if I wanted to my spouse wouldn't allow it +- Keep the money on our debit accounts and just watch them being eaten away over time con: described above +- Buy RE and rent it out. Con: The prices have skyrocketed and we don't have enough money for even one flat + +You do see my problem, right? Anxiety is eating me away from both ends - from one side because I miss gains and from the other, because we don't have enough time. + +Thank you for all the responses. + +Edit: And I know that ignorance is bliss and by hiding my head in the sand I will heal my anxiety but it will not fix the world. Ignoring a problem doesn't mean it goes away. +We saved about 400k over the last few years. Never bought a property before. + +We live in Sydney so are now considering an apartment in other major cities, not far from the cbd. + +My thinking is we should not continue renting and we should not get a mortgage at this point. + +Getting a small place cash in hand, would save a lot of fees and headaches, no mortgages, no sweating rate increases, no fearing losing our jobs or getting paid less, etc. + +Does this make sense? Part of my money is invested in the market as ETFs. I would go back to having very little savings, but a roof and no rent going forward. + +Thank you! + +Edit: I’m 40, partner is mid 30s. We both work in tech, remote. +**Edit:** Several people requested access to the spreadsheet. You shouldn't need to request access. You should be able to `File > Make a copy...`. Please PM me if you are unable to do so. + +I was raised in a family where finances were not ever discussed other than the fact that we did or did not have it. My father was an optimistic entrepreneur who struck gold, time and time again on many of his business ventures, but always found a way to blow through his riches with little to show for it. Factor in my mother who was a hoarder and you had the perfect formula for disaster. I won't stroll too deep down memory lane, but long story short, I never completed my college degree and decided to go straight into the workforce instead. + +Seven years ago, I was laid off from a job that was "paying the bills" with no degree to fall back on. I made the decision to go back to school and about two years into my degree, I was caught in a financial bind, worrying about how I was going to take care of next semester's tuition. Fortunately for me, I had an amazing aunt, uncle, sister, and BIL who helped cover my expenses. After that incident, I swore to myself that as soon as I graduated, I would take charge of my own finances and do everything in my power to avoid going down the same path as my parents. + +I've been a long-time lurker and have read countless personal stories shared on this subreddit throughout the years. Even if the situation didn't apply to my own life, I took the time to sympathize with what others are going through in the event that I too may one day endure the same hardship. I silently cheered behind the scenes along with each success story shared. This sub is a daily read for me and became my source of encouragement towards living a debt-free life. + +Today, I get to share my own success story. I made a plan after graduating to aggressively pay off my student loans and have been blessed enough to have the means to do. I have made the final payment on my student loans. From $22,601.14 to $0 in 27 months. + +Along with the good news, I wanted to give back to the community that has been so helpful all these years. I created a spreadsheet to track my various finances and I'm hoping that it will help others as well. + +**Personal Finance Template:** +https://docs.google.com/spreadsheets/d/1RjHE3ATePYUoE1WZpb9wmR2h7VfJ45_IQC1Jutr4wlY/edit?usp=sharing + +It may seem like there is a lot going on, but I will try my best to describe each tab in-depth to make it seem less scary. + +**Student Loans:** My student loans were broken down into different groups (A, B, C, D) at different interest rates. I wanted to calculate the total interest over the life of each loan based on a set payment amount, so I made a rough amortization chart. + +> **F2:** Enter your interest rate. +> **H2:** Enter your desired monthly payment. +> **M2:** Enter your loan balance. + +I wanted to find the sweet spot for what I felt comfortable paying while also trying to minimize the total accrued interest as best as I could, so I played around with various numbers for `H2`. + +As an example, I entered $200 in `H2`. Now I am searching for the row where the value in `column M` is negative. This happens in `M30`. + +That means that if I make a monthly payment of $200 (`H2`), I would pay it off in 30 months (`G32`) and accrue $281.64 of total interest (`K32`). + +I repeated the same process for $56.57 (the recommended minimum payment from my student loan provider), $150, $175, and $250 and then made a chart in `O1:R6` (http://i.imgur.com/C2yuvQG.png). + +I calculated the savings based on how much **less** interest I would pay over the life of the loan if I paid more than the minimum payment. This became such a big motivator for me to continue to make aggressive payments that I decided to add it to the **Summary** tab. + +**Summary:** This tab is exactly what it sounds like; it is a summary of all of my finances so that I can get a snapshot view of where my money is, along with my net worth, average credit score, and student loan "savings". + +> **B2:** I update this formula once a month. Currently the formula is `='2017.06'!$Q$200`, pointing to the `2017.06` spreadsheet.. When June ends, I will simply update the formula to point to `='2017.07'!$Q$200`. +> **B10:** This is also updated monthly. Next month, I would change the formula from `='Credit Score'!$F$20` to `='Credit Score'!$F$21`. + +**2017.04, 2017.05, 2017.06:** This is where the bulk of the work comes in. + +> **A:** Enter the date of the posted transaction. If the transaction is still pending, leave the date blank until it has posted. +> **B:** Enter the merchant for the transaction. This column uses the **Merchants** tab for data validation. To add a new merchant, simply add another entry in column **A** of the **Merchants** tab. +> **C:** Enter the category for the transaction. This simply helps categorize your spending. Use the **Categories** tab for data validation. +> **D:** Enter all credit transactions to your bank account in this column. +> **E:** Enter all debit transactions to your bank account in this column. +> **F:J**: I have four credit cards that I use in rotation. Enter all credit card transactions under the corresponding column (adjust columns as needed). +> **K:** This column shows the current balance of your bank account. +> **L:P:** These columns shows the current balance of each of your credit cards. +> **Q:** I call this column the "reality check". It shows your true balance: the cash you have in your bank account minus all of the debts across your credit cards. +> **S:T:** This gives you a breakdown of where you are spending your money. It is another helpful way to keep your spending in check and should help you budget. + +It might seem like a lot of work, but it has become routine enough for me that it takes me no more than 10 minutes in the morning. + +My routine: + +1. Log into Charles Schwab. +2. Enter pending transactions (columns **B:J**). +3. Enter dates for previously pending transactions (column **A**). +4. Repeat 1-3 for Citi, Discover, Amex, Capital One. +5. Select the columns that are out of order, then click `Data > Sort sheet by Column A, A -> Z`. + +Let's go through an example. + +In tab `2017.06`, I have the following pending transactions: http://i.imgur.com/XK1V89r.png + +After logging into my accounts, I found that these transactions are all posted now, so I have entered the dates of the posted transactions in column `A`: http://i.imgur.com/wcry4GH.png + +My transactions are out of order, which will happen often with pending transactions, so now I have to sort them. + +I select columns `A53:J39` up to posted date `6/11`: http://i.imgur.com/b9rjTTP.png + +Then click `Data > Sort sheet by Column A, A -> Z`: http://i.imgur.com/uIb4kk7.png + +My transactions are now sorted! http://i.imgur.com/Qw7FW9R.png + +That is pretty much all I do for daily transactions, though there are two things I want to make note of. + +> **Paying credit card bills:** When paying a credit card bill, I enter a debit in column `E` as well as a credit in the corresponding credit card column. +> +> For instance, I paid my Citi credit card bill on 6/2/2017 in the amount of $143. This is what that transaction looks like: http://i.imgur.com/FlTk8Bl.png + +> **Look-ahead:** Often times, I will enter transactions that have not happened yet further down the spreadsheet. For example, if I know I have a credit card bill due later this month, or a rent payment, or an incoming paycheck, I will enter it in order to "look ahead" of my finances. This teaches me discipline in how I am spending my current balance while making sure that I am preparing for upcoming expenses. +> +> An example of this can be seen in rows `90:91`: http://i.imgur.com/O5nhlRW.png +> +> I know that I have a credit card bill due on 7/3, and I also have another paycheck coming on 6/30. Entering both of these transactions allows me to gauge how prepared I am when that time comes. + +At the end of the month, I simply right-click `2017.06` and click `Duplicate`, renaming the new spreadsheet to `2017.07`. I also make sure that all of the formulas in `D2:J2` correctly point to the previous month. + +> **D2:** Change `='2017.05'!K200` to `='2017.06'!K200` +> **F2:** Change `='2017.05'!L200` to `='2017.06'!L200` +> **G2:** Change `='2017.05'!M200` to `='2017.06'!M200` +> **H2:** Change `='2017.05'!N200` to `='2017.06'!N200` +> **I2:** Change `='2017.05'!O200` to `='2017.06'!O200` +> **J2:** Change `='2017.05'!P200` to `='2017.06'!P200` + +**Ally Savings [1.00% APY]**: This tab follows the same structure as the monthly tabs. + +**Stocks Owned:** I use this tab to keep track of the current stocks that I own. + +> **A:** Enter the stock ticker. +> **B:** Enter the purchase date. +> **C:** Enter the number of shares purchased. +> **D:** Enter the purchase price. + +Rows `25:37` helps me track when I should sell the stock and what my net gain/loss would be. + +> **C26:** Enter the number of shares purchased. +> **D26:** Enter the purchase price. + +The chart will show you what the sell price would be for a `10.00% - 65.00%` gross profit. + +**Stocks Sold:** This just helps me keep track of my stocks sold over the years. I copy and paste the values directly from **Stocks Owned** when I choose to sell. + +**401k:** This tab tracks all of my 401k transactions. + +> **C:** Enter the money contributed for the month. +> **D:** Enter the amount of gain/loss for the month. + +Columns `G:I` will give you the year-to-date statistics, but it is pretty barebones at the moment. + +**HSA:** This tab follows the same structure as the monthly tabs. + +**HSA [Investment]:** This tab follows a similar structure as the **401k** tab. + +**Credit Score:** This tab keeps track of my monthly free credit estimates offered by my credit cards. Columns `H:I` tracks roughly what date a new credit score is available. It's interesting to see how your credit score is affected month to month based on various factors. For instance, my credit utilization was high from 09/2016 - 12/2016 due to the holidays and various trips. My credit took a dip for that period and then has been slightly rising since. + +That's all she wrote! I'm going to get some shut eye, but I hope that this will help at least a few individuals. I promise to answer any questions you may have in the morning. +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! + +Hello community, + +obviously throwaway account to keep a low-profile. I am from Germany, 32M, no kids, no debt, and I FatFired a few month ago, luckily / sadly through inheritance of several assets (shares, stock portfolio, RE, crypto, ...). We have here such a thing called inheritance tax which hit me though I had to pay it. I quit and my decision gets reinforced every time I speak to my old friends and colleagues – no politics, corporate b\*lsh\*tbingo and bad managers anymore. On top, I nobody told anything, I am taking a sabbatical. + +My current liquid NW is around $ 50M. I sold all real estate due to upcoming renovations and I wanted to get rid-off headache with renters and property management. + +My current portfolio is very simple and fits to my risk avoidance profile for my next move with the goal to preserve wealth with subtle growth: + +$ 2M cash + +$ 45M ETF + bonds (90/10) + +$ 3M some short-term bonds and blue-chip shares. + +No mortgage & debt but a pile of cash. + +All taxes are being paid and I was aided by multiple tax lawyers and CPAs. I’ve got a permanent residency card by playing the DV Lottery every year and eventually I was lucky. -> To keep the green card, I have to move or I must surrender it. This might cause some red flags getting an ESTA visa. UCIS and CBP don't like that. + +My starting point will be Seattle, WA where I will start to settle down and keep it as my home base during the summer. I want to keep my flexibility, so I am going to rent out a nice city apartment or townhouse and start traveling around the country / world until I get bored and find a nice home base. + +Unfortunately, I need to sell off my entire portfolio to move it to an US broker / bank because, new learning, due to regulations it isn’t easy to transfer my assets and it would cost more than my taxes. I talked to several lawyers who are specialized in those topics. + +Anyway, I’ve already talked to Chase, Schwab and Fidelity and they’re happy to help my when I move my cash to them. + +I plan to build again a three-fund (ETF) and bond portfolio, build a credit history, and do some investments in either RE or VC or both on the long run. I plan to live pure on gains and returns. + +My biggest concern is to start in Seattle, WA and to find a way to blend in into the community, learn the language, get used to a new lifestyle and to make some friends. + +I am not the outdoor type yet, I might become one once I hit nice spots and people. I like a warm environment (there's no need to have a sunburn 365 days per day), the sun and I definitely will try new hobbies and outdoor activities (kayaking, golf and tennis is on my list). I am a sports guy, like going to the gym and traveling, riding my motorbike, plus good food is most important to me. On the other side, a low profile without flushing my wealth around has utmost importance. As I don't have to stick to one place, I can move temporarily during the wintertime to places like Florida, Arizona, SoCal, ... + +Do you think Seattle is a good place to start? Feel free to share your advice. Any advice or regrets? + +What cities are more favorable in terms of making relatively easy friends? + +If you find any typos, let me know. I am not a native speaker. + +&#x200B; + +\### + +Update: I am positively overwhelmed by so many comments! Community, I like you! + +PS I've been working in the IT/tech industry, so this might be a good topic to blend in into a community. + +Update 2: I wasn't aware that Washington passed a bill that creates a 7% CGT + +&#x200B; + +My biggest appeal: Don't DM me and explain how desperate you are, that you don't have any money and beg a stranger on the internet for money. +Whats up Apes! Did something different for today and I think you'll love it. I made a super in depth youtube video teaching elliot wavs AND did my GameStop analysis (also analyzed SPY). Would mean the world if you checked it out, I promise you'll gain some wrinkles! + +If you don’t believe technicals apply to GME, skip to like 18 minutes in and watch me blow your mind. + +Edit: jus wanna clarify I’m not like other youtubers at all, this is my first video in months and I’m making it solely for education purposes. I will continue posting DD regularly . My first and only other GameStop related video was made before superstonk existed🚀 + +edit: TLDR by popular demand: EW works (I just explain it for the whole vid and apply it. this GME cycle as stated in previous DDs is targeting minimum 440 and if we see some really crazy shit then 1200 before a downward move, though 1200 is a "hyperextension" this isn't the squeeze, this is before the squeeze. 8 figs + or bust + +&#x200B; + +[https://youtu.be/LFCm5Fpg1tE](https://youtu.be/LFCm5Fpg1tE) +This isn't my idea but I couldn't find who posted it long ago when I saw it. Well, I did it and it's worked well. I found myself going out for a drink or bite to eat when I didn't really have a great reason to. Instead, I took that money I would have spent and payed down a loan with a quick click. (Not always) It feels great. About as great as I felt getting that drink on the way home after work. I did try Robinhood too but that felt very different to me and wasn't as rewarding. + +Edit: The app I use is my lenders, Great Lakes. People here are saying use ChangEd as well which works like Acorn. + +Edit: Yes, I know playing the market may yield more than paying down my lower interest loans but that's not the point. It is to chip away at a daunting 10+ year loan. It is also NO risk. +Tesco #TSCO currently trading at £2.32 a share at time of writing with an already existing dividend yield of 4.42% which is good in of itself but there’s more, subject to approval, tesco plans a £5bn dividend payment to shareholders after the sale of its Thailand government has approved its disposal. This accounts for ~52p per share dividend in the February dividend payment date. This counts as a bonus payment on top of the 4.42% already accounted in (unless they change it but supermarkets have boomed in lockdown so I don’t see why it would drop). The bonus dividend is dependent on shareholder’s voting for its approval but considering most shareholders hold the stock for its dividend, I think its likely they’ll approve. + + +Source: [here](https://www.proactiveinvestors.co.uk/companies/news/936064/tesco-to-pay-5bn-special-dividend-in-late-february-after-thailand-approves-disposal-936064.html) +Just a quick vent to people who may actually understand. + +My daughter was invited to a sleepover. She NEVER invites friends to our house. I told the other mom it was fine and she gave me the address. Its a giant house in an amazing area and backs up to a beautiful lake. My daughter told me it was the best day of her life. She mentioned the huge house, the huge lake, and their arcade room. + +I 100% know its silly to compare, but its hard living in the "poor area" knowing my kid hides how small our house is from her friends. My husband shrugged it off and doesn't seem to feel the strong emotions. He's content. I just wish we could give our kids that kind of life. + +Edit- this has already become more popular than I was expecting. I think the bit about my husband came off wrong. He is amazing. I love him dearly. I just dont want to vent to him if he doesn't feel the same way. I dont want to bring him down. Him and I are both proud of the house... it just really caught me offgaurd when my daughter explained why she doesn't invite kids over. I immediately felt like somehow I wasnt enough. I couldnt keep up with the other families. I love my house and all of our memories here. Hell, I'm happy I even have a HOUSE! I'm not unhappy here, just venting the tough feelings after an unexpected conversation with my kid. + +I love that she had such a great time. I'll gladly let her go back. I won't let her know that the comment about my house upset me. + +Edit 2- thanks for the gold!! +I’m not a financial advisor and my dad has tasked me to handle his 50k.. he’s 56. I was thinking put it into AT&T at 50k/24 = 2083 shares. + +2083*.53 = $1103 every 3 months. He would be happy with that about $367 a month. Of course there’s some taxes. + + +What are some other suggestions to handle his 50k? + +(Also he doesn’t want to talk to a financial advisor, he doesn’t trust them, very arrogant) + +Edit : + +Thanks everyone! Going to set him up with a vanguard professional advisor service account. It’s 50k min. I forgot about the dividend cut in half from the discovery deal. I wonder what ETFs they will buy him +I do own shares in a several different ETFs. Most of them are the really well diversified (contains many different holdings) as S&P500. Since the November, last year, almost all of them are falling. Are we hitting into some kind of "after huge money supply" crisis or it is just temporary and they will start to rise soon? Do you guys have any predictions on that or any reasonable explanation? +I have been using this method for a while with pretty consistent results. + +I use 3 pairs on the daily charts (chart time frame is actually irrelevant): EURJPY, EURUSD, USDJPY. This gives me a hedge between the 3 positions. + +After the opening of Forex trading (6pm EST Sunday) I place both a pending buy-stop and sell-stop order 30 pips away from the opening price for each pair. + +I place stop-loss at 50 pips and take-profit at 150 pips for each. I also instruct MT4 to use a trailing stop of 500 points (50 pips). + +That's it. + +I now wait for 1 to 3 orders to fill and either hit target or stop. If it hits stop I will re-enter a new pending order with the original entry, stop-loss and take-profit values as the order that was just stopped. + +If my targets are hit... GREAT! If not, at Friday 3pm EST I close all open positions and cancel any open pending orders. + +Position size for me is 1% of account size on a 50 pip stop loss for each position. + +Consistent results with literally only a few MINUTES per week of management. + +**I am getting increasingly worried about the amount of warning signals that are flashing red for hyperinflation- I believe the process has already begun, as I will lay out in this paper. The first stages of hyperinflation begin slowly, and as this is an exponential process, most people will not grasp the true extent of it until it is too late.** I know I’m going to gloss over a lot of stuff going over this, sorry about this but I need to fit it all into four posts without giving everyone a 400 page treatise on macro-economics to read. Counter-DDs and opinions welcome. This is going to be a lot longer than a normal DD, but I promise the pay-off is worth it, knowing the history is key to understanding where we are today. + +**SERIES (Parts 1-4) TL/DR: We are at the end of a MASSIVE debt supercycle. This 80-100 year pattern** ***always*** **ends in one of two scenarios- default/restructuring (deflation a la Great Depression) or inflation (hyperinflation in severe cases (a la Weimar Republic). The United States has been abusing it’s privilege as the World Reserve Currency holder to enforce its political and economic hegemony onto the Third World, specifically by creating massive artificial demand for treasuries/US Dollars, allowing the US to borrow extraordinary amounts of money at extremely low rates for decades, creating a** [**Sword of Damocles**](https://idioms.thefreedictionary.com/a+sword+of+Damocles+hangs+over+head) **that hangs over the global financial system.** + +**The massive debt loads have been transferred worldwide, and sovereigns are starting to call our bluff. Governments papered over the 2008 financial crisis with debt, but never fixed the underlying issues, ensuring that the crisis would return, but with greater ferocity next time. Systemic risk (from derivatives) within the US financial system has built up to the point that collapse is all but inevitable, and the Federal Reserve has demonstrated it will do whatever it takes to defend legacy finance (banks, broker/dealers, etc) and government solvency, even at the expense of everything else (The US Dollar).** + +# I’ll break this down into four parts. ALL of this is interconnected, so please read these in order: + +# [Part One: The Global Monetary System- “A New Rome” < ](https://www.reddit.com/r/Superstonk/comments/o4vzau/hyperinflation_is_coming_the_dollar_endgame_part/) + +# [Part Two: Derivatives, Systemic Risk, & Nitroglycerin- “The Ouroboros” < ](https://www.reddit.com/r/Superstonk/comments/o727oc/the_dollar_endgame_part_2_the_ouroboros/) + +# Part Three: Banks, Debt Cycles & Avalanches- “The Money Machine” < (YOU ARE HERE) + +# [Part Four: Financial Gravity & the Fed’s Dilemma- “At World’s End” <](https://www.reddit.com/r/Superstonk/comments/png8nu/hyperinflation_is_coming_the_dollar_endgame_part/) + +**(side note: Part 2 \*mysteriously\* disappeared TWICE and thus got low visibility -- if you missed it please go back and read before continuing!)** + +&#x200B; + +# Preface: + +[Fractional Reserve Banking:](https://www.investopedia.com/terms/f/fractionalreservebanking.asp) Fractional reserve banking is a system in which only a fraction of [bank deposits](https://www.investopedia.com/terms/b/bank-deposits.asp) are backed by actual cash on hand and available for withdrawal. This is done to theoretically expand the economy by freeing capital for lending. + +[Debt/Credit Cycles: ](https://www.investopedia.com/terms/c/credit-cycle.asp) A credit cycle describes the phases of access to credit by borrowers. Credit cycles first go through periods in which funds are relatively easy to borrow; these periods are characterized by lower interest rates, lowered lending requirements, and an increase in the amount of available credit, which stimulates a general expansion of economic activity. These periods are followed by a [contraction](https://www.investopedia.com/terms/c/contraction.asp) in the availability of funds. + +[Quantitative Easing (QE)](https://www.investopedia.com/terms/q/quantitative-easing.asp): Quantitative easing (QE) is a form of unconventional [monetary policy](https://www.investopedia.com/terms/m/monetarypolicy.asp) in which a central bank purchases longer-term [securities](https://www.investopedia.com/terms/s/security.asp) from the open market in order to increase the money supply and encourage lending and investment. Buying these securities adds new money to the economy, and also serves to lower interest rates by bidding up fixed-income securities. It also expands the central bank's balance sheet. + +[Quantitative Tightening (QT):](https://www.investopedia.com/terms/t/tightmonetarypolicy.asp) This is the inverse of QE- The central bank tightens policy by raising short-term interest rates. Boosting interest rates increases the cost of borrowing and effectively reduces its attractiveness. Tight monetary policy can be implemented via selling assets on the central bank's balance sheet to the market through [open market operations](https://www.investopedia.com/terms/o/openmarketoperations.asp) (OMO). + +[Bank Reserves: ](https://www.investopedia.com/terms/b/bank-reserve.asp)Bank reserves are the cash minimums that financial institutions must have on hand in order to meet [central bank](https://www.investopedia.com/terms/c/centralbank.asp) requirements. This is real money that must be kept by the bank in a vault on-site or held in its account at the central bank. Cash reserves requirements are intended to ensure that every bank can meet any large and unexpected demand for withdrawals. + +&#x200B; + +# Prologue: + +&#x200B; + +[The Impossible Object](https://preview.redd.it/4f6leb97u7a71.png?width=621&format=png&auto=webp&s=1510c2e35a7ddb551b91f773b534454eb04f0862) + +“The global financial markets walk on the razor’s edge between empiricism and what you see is not what you think. The Impossible Object in art is an illustration that highlights the limitations of human perception and is an appropriate construct for our modern capitalist dystopia\*\*. **The fundamental characteristic of the impossible object is uncertainty of perception. Is it feasible for a real waterfall to flow into itself; or a triangle to twist itself in both directions? Modern financial markets are a game of impossible objects.\*\*** + +In a world where global central banks manipulate the cost of risk, the mechanics of price discovery have disengaged from reality resulting in paradoxical expressions of value that should not exist according to efficient market theory. Fear and safety are now interchangeable in a speculative and high stakes game of perception. **What you see is not what exists, and what exists cannot be understood” - (**[**Artemis Capital**](https://artemiscm.docsend.com/view/74nw2t766wnvnuwj)**)** + +&#x200B; + +# Banking and Debt Cycles + +The modern banking system can trace its [origins to the early days of the Renaissance](https://www.jstor.org/stable/2589849), in Northern Italy. There, in affluent trading cities such as Florence, Venice, and Genoa, traders dealing solely in finance set up benches (called bancas in Italian- where the modern word bank comes from) financing voyages, engaging in arbitrage, and funding ship-building for merchants. + +[Banks of that period](https://www.cobdencentre.org/2016/10/a-history-of-fractional-reserve-banking-or-why-interest-rates-are-the-most-important-influence-on-stock-market-valuations-part-1/) dealt almost exclusively in gold and silver coins, and traded these coins freely for foreign coins stamped by a different King. They quickly realized that dealing in physical coins was costly, burdensome, and dangerous, as thieves would often rob money-laden wagons between towns. + +So, they came up with an innovative solution. Instead of handing over coins to their customers, they would ask that the customer place their gold or silver in the bank’s vault, which already stored the bank’s own money, and in return the bank would hand them a banknote, or a physical receipt of ownership of the gold. The customer could then take this note and pay for real goods or services someplace else instead of carrying the coins. + +&#x200B; + +[Early Venetian Banks](https://preview.redd.it/7m6dwadbu7a71.png?width=540&format=png&auto=webp&s=2ff1bce0f82affd05fb25afe13cd3905fc3d716d) + +[The banks quickly saw a loophole](https://www.mercatus.org/publications/monetary-policy/fractional-reserve-banking)\- no one was auditing their vaults, and comparing how much gold was there versus how many notes the bank had issued. The financiers immediately began to issue more notes than gold in the vault. **This system would work fine as long as every customer had confidence in their banknote and believed that the gold backing their coins was actually there.** + +**But, once the bank started facing financial troubles, and customers showed up to redeem their notes for gold, a bank run would immediately begin- with many clients ending up with worthless pieces of paper after the vaults were emptied.** Authorities created extreme punishments for bankers caught issuing more notes than gold in the vault - in some places in Medieval Italy, death penalties were enforced for bankers caught issuing too many notes- in others, life in prison was the punishment. + +Our modern financial system is based on the early Italian antecedents. Most people believe that when you deposit funds into the bank, the money stays in your account. **In reality, the funds you invest are immediately lent out, re-deposited, and lent out again. This is called** [**Fractional Reserve Banking**](https://www.investopedia.com/terms/f/fractionalreservebanking.asp#:~:text=Fractional%20reserve%20banking%20is%20a,by%20freeing%20capital%20for%20lending.)**. Thus, the “money” you see in your bank account is a lie. It isn’t really there.** + +Let's break down how this works. Say you earn $1000 from a recent paycheck. You go to your bank and deposit these funds. The next day, the bank takes $900 (90%) of the cash you deposited and loans it out, keeping 10% in reserve in case you come to withdraw some of it. + +This money is given to Person #1, who takes this loan and buys some paint for his house. The vendor who sold him the paint then takes the $900 received and deposits it in the bank. The bank then repeats the process, loaning out 90% of the money, or $810 to Person #3, who spends/invests it with Person #4, who deposits it again, and the process repeats. Here it is visualized: + +&#x200B; + +[Fractional Reserve Banking](https://preview.redd.it/mg5mvzdgu7a71.png?width=621&format=png&auto=webp&s=c4b38b5cc8349a22b39f6e038de906b4aeb0be11) + +All along the way, the bank is able to take the same dollar bills and re-loan it out through multiple transactions (a la rehypothecation), and charge interest on the loans it creates. **This is essentially a near- infinite money glitch in the system, and allows banks to make exorbitant profits,** like [JP Morgan making over $12B in Q4 2020 alone](https://www.jpmorganchase.com/content/dam/jpmc/jpmorgan-chase-and-co/investor-relations/documents/quarterly-earnings/2020/4th-quarter/276305ed-730d-4acc-887c-1671d6c39e53.pdf). **However, this process also serves to GREATLY increase systemic risk- in the example above, one single $1000 transaction is turned into what APPEARS as $3,439 in bank accounts, but is actually just credit, re-deposited and re-borrowed over and over again.** + +[Here’s another way to visualize it](https://capturethemind.wordpress.com/2015/07/18/fractional-reserve-banking-one-of-the-biggest-frauds-of-man-kind/): + +&#x200B; + +[Money Rehypothecation](https://preview.redd.it/vbzys1iju7a71.png?width=616&format=png&auto=webp&s=6f9031fd218bb645ec619fbb3442588d8e06338b) + +Typically, the majority of a banks’ capital provided to businesses will be business loans, lines of credit, or venture financing. These business loans will be put to work to expand factories, build new products, hire workers, or create intellectual property- generally things that expand economic growth. + +&#x200B; + +[Most of the money exists as debt](https://preview.redd.it/ogqr9ubnu7a71.png?width=618&format=png&auto=webp&s=61c1dfb9e988f1ac18da86c367f1fb4906f7757e) + +This effectively means that the vast majority of what we “think” of as money,[ is not cash, but credit.](https://getmoneyrich.com/economy-and-short-term-debt-cycles/) Most funds in the system, thus, exist in the form of debt. + +Another effect of Fractional Reserve banking is a **supercharging** of the debt cycle. Because banks are allowed to loan and re-loan cash that is deposited, banks are able to create massive amounts of credit, helping to boost economic growth in the boom stage, and worsen economic decline in a bust. + +The Debt Cycle is a economic phenomenon that has been observed for centuries- [in ancient Israel,](https://digitalcommons.csbsju.edu/cgi/viewcontent.cgi?article=1033&context=obsculta) for example, the state enforced a debt “jubilee” every fifty years (a long human lifespan) to dissolve all debts, release people from bondage, and restore ancestral lands to the descendants. + +There are two main cycles- the long term “super” cycle, which lasts between 50-80 years (longer in countries with higher life expectancy, so most developed countries this is 80 years) and the short term “normal” cycle, which occurs every 8-10 years or so. + +&#x200B; + +[Debt Cycles](https://preview.redd.it/hz3efxltu7a71.png?width=554&format=png&auto=webp&s=31d2c3fb4c8c6e22b563723847267feed31ed448) + +The credit cycle undergoes both expansionary and contractionary phases. Let’s take a look at the four phases of a typical [credit cycle](https://www.investopedia.com/terms/c/credit-cycle.asp). + +**Expansion:** Under strong economic conditions, corporate cash flows improve due to strong consumer confidence and the increase in financial institutions’ lending efforts. Easier access to capital markets fosters an ideal environment for business growth and increase in financial leverage for enterprises. + +**Downturn:** The credit cycle downturn is typically due to an economic slowdown or potential recession, which leads to tighter credit standards. Since the credit downturn is often preceded by peak business expansion and high financial leverage, the slow business growth and low earnings experienced by businesses could lead to potential defaults. + +**Repair:** The credit cycle downturn is followed by the repair phase, which simply indicates the emergence from the economic downturn. Here, companies start to focus on strengthening their balance sheets by cutting costs and reducing financial leverage. + +**Recovery:** In the recovery phase, confidence levels start to improve as corporate balance sheets begin to look better with relatively low financial leverage. Financial institutions also tend to start loosening their lending standards. + +Let’s look at the US as an example. As you can [see below](https://blogs.cfainstitute.org/investor/2019/08/05/edward-altman-where-are-we-in-the-credit-cycle/), as we continue through the expansion phase of the credit cycle, companies borrow more debt to invest in new products or services. Once a recession hits, many of these businesses are forced to de-lever (pay back debts) and those which aren’t able to de-lever, go into bankruptcy. (notice we are LONG overdue for a recession and bankruptcy spike) + +&#x200B; + +[Bankruptcy Cycles](https://preview.redd.it/bszlb98wu7a71.png?width=609&format=png&auto=webp&s=9fe0f78c85e4a5d0cb4311e9c7ce273069acbab2) + +&#x200B; + +# The Great Depression + +The last debt supercycle began [cresting in the 1930s](https://www.lynalden.com/great-depression/). The US appeared to be poised for economic recovery following the stock market crash of 1929, until a series of bank panics in the [fall of 1930 turned the recovery into the beginning of the Great Depression](https://www.econlib.org/library/Enc/GreatDepression.html). + +&#x200B; + +https://preview.redd.it/gffgb6yyu7a71.png?width=618&format=png&auto=webp&s=6a201c6ee8008617e8d6f0c2056bba4df5bbbb39 + +When the crisis began, over 8,000 commercial banks belonged to the [Federal Reserve System](https://www.federalreserveeducation.org/about-the-fed/structure-and-functions), but nearly 16,000 did not. Those nonmember banks operated in an environment similar to that which existed before the Federal Reserve was established in 1914. That environment harbored the causes of banking crises. + +One cause was the practice of counting checks in the process of collection as part of banks’ cash reserves. These ‘floating’ checks were counted in the reserves of two banks, the one in which the check was deposited and the one on which the check was drawn. In reality, however, the cash resided in only one bank. + +Bankers at the time referred to the reserves composed of float as fictitious reserves (again, rehypothecation anyone?). The quantity of fictitious reserves rose throughout the 1920s and peaked just before the financial crisis in 1930. **This meant that the banking system as a whole had fewer cash (or real) reserves available in emergencies.** + +[Bank Run \(Suspension of Accts\)](https://preview.redd.it/0zn082jfv7a71.png?width=621&format=png&auto=webp&s=93feba293b300dcc2878e402144b9647b67a13cd) + +**Another issue was the inability to mobilize bank reserves in times of crisis.** Nonmember banks kept a portion of their reserves as cash in their vaults and the bulk of their reserves as deposits in “correspondent banks” in designated cities. Many, but not all, of the ultimate correspondents belonged to the Federal Reserve System. + +This reserve pyramid limited country banks’ access to reserves during times of crisis. When a bank needed cash, because its customers were panicking and withdrawing funds en masse, the **bank had to turn to its correspondent, which might be faced with requests from many banks simultaneously or might be beset by depositor runs itself.** + +[Bank Suspensions](https://preview.redd.it/dca38vzkv7a71.png?width=639&format=png&auto=webp&s=9f3a808d29d1da1fe48a6c7adb37a5617a94c768) + +On November 7, 1930, one of Caldwell’s (a large financial conglomerate that lost millions in stock market speculation) principal subsidiaries, the Bank of Tennessee (Nashville) closed its doors. On November 12 and 17, Caldwell affiliates in Knoxville, Tennessee, and Louisville, Kentucky, also failed. + +The failures of these institutions triggered a correspondent bank cascade that forced scores of commercial banks to suspend operations. In communities where these banks closed, depositors panicked and withdrew funds en masse from other banks. **Panic spread from town to town. Within a few weeks, hundreds of banks suspended operations. About one-third of these organizations reopened within a few months, but the majority were liquidated** ([Source](https://www.federalreservehistory.org/essays/banking-panics-1930-31)). Businesses that relied on loan financing started to collapse, and unemployment started to climb. + +[Soup Line](https://preview.redd.it/nc8mr0yov7a71.png?width=621&format=png&auto=webp&s=067a8cf9a4450b0f83516349305423f0a8a4b77a) + +What followed was a protracted period of bank runs and panics lasting for years. Contrary to common belief, not all bank runs happened at the same time- some banks experienced one or two runs- others more than that. **The Great Depression was a series of panics, rather, that culminated in a near-complete collapse of the banking system and a ban on gold as legal tender by FDR in** [**Executive Order 6102**](https://en.wikipedia.org/wiki/Executive_Order_6102)**.** + +In the wake of the crisis, several key financial reforms were made. Among them were the creation of FDIC ([Federal Deposit Insurance Corporation](https://www.investopedia.com/terms/f/fdic.asp)) which was created in 1933 to “insure” bank deposits with government funds. This, it was hypothesized, would stop bank runs and restore confidence in the system. Another reform was the creation of the [Glass- Steagall Act](https://www.federalreservehistory.org/essays/glass-steagall-act), a key legal provision that forced commercial and investment banks to remain separate entities. + +[Signing of Glass-Steagall](https://preview.redd.it/9vjwadgrv7a71.png?width=539&format=png&auto=webp&s=6ae445fd88ae1b67eb88ccbff5f778324a6ae1c5) + +**However, both of these in time would serve to further increase risk, not reduce it.** The FDIC, for example, insured $100k (later updated to $250K during 2008) of bank deposits. This was supposedly done for the benefit of the client, but many overlook that it also greatly benefited the bank. When you deposit cash into a bank, it is an asset to you- but to the bank, this is a liability- it represents a cash amount that they will have to pay out to you upon your request. **By insuring the deposit, the bank gets essentially free insurance on their liabilities, which allows them to justify taking more leverage.** + +**Glass- Steagall’s separation of banks was an amazing step at reforming the system- sadly, it was** [**repealed in 1999**](https://en.wikipedia.org/wiki/Aftermath_of_the_repeal_of_the_Glass%E2%80%93Steagall_Act) **by Bill Clinton under the** [**Gramm–Leach–Bliley Act**](https://en.wikipedia.org/wiki/Gramm%E2%80%93Leach%E2%80%93Bliley_Act) **(GLBA).** Commercial banks are where you deposit funds, get mortgages, small business loans, and personal lines of credit- Investment banks are firms that underwrite financial transactions, create derivatives, and speculate in the market. + +**By combining the two, banks are essentially allowed to bet with depositors’ money- and if they fail, they can rightly justify to regulators that their collapse would end in financial calamity for millions of working-class depositors who would lose everything since their accounts would be suspended. Thus, they become “Too Big to Fail” and receive Federal Govt bailouts, no matter how reckless they have been.** + +&#x200B; + +([I had to break this post up into two parts due to image/character limits, see second half HERE](https://www.reddit.com/r/Superstonk/comments/oh0m2s/hyperinflation_is_coming_the_dollar_endgame_part/)) + +&#x200B; + +**(Side note: I’ve been accused of being a shill/FUD spreader for the first two posts- please know this is NOT my intention! I cleared this series with Mods, (**[**PROOF**](https://drive.google.com/file/d/1HlM0vR0Mguo83k6KKKQg5HKyCZaLrOHQ/view?usp=sharing)**) (THIS IS A GOOGLE DRIVE LINK, I WASNT SURE HOW ELSE TO SHARE IT) but if you think this is FUD/SHILLY then downvote/comment and we can discuss further.)** + +Also, inflation is GOOD FOR GME> EQUITY PRICES GO UP, SHORTS MUST COVER!! +[Senate Passes Bill to Delist Chinese Companies From Exchanges](https://www.bloomberg.com/news/articles/2020-05-20/senate-passes-bill-to-delist-chinese-companies-from-exchanges) +I'm going to keep posting this sentiment because it keeps getting drowned out: + +**The only reason you aren't rich is because not enough shares have been directly registered.** + +That's it. Literally anything else is bullshit. + +I don't care if TA/options man is right today or tomorrow or next week. In the end it doesn't matter because they'll always be able to suppress the price after a run up unless we DRS the float. + +Did GameStop post the number of ITM calls on their 10q? + +Did GameStop draw a dorito of doom on their 10q? + +Did GameStop say only T+69 days until the next OPRAH cycle is in retrograde on their 10q? + +NO. + +They put the number of directly registered shares. They're doing everything they legally can to communicate that they want us directly registering our shares. Everything else is noise. + +Locking the float is going to be a heavy lift, 60 million is a lot of shares. Until all the individual investors in this sub make their own decisions about directly registering their shares, we won't be able to lock the float and the fuckery will continue. + +This will require **months more of focused effort**. There is no quick or easy solution. + +Don't buy into all the hype. It's being used to wear you out, disappoint you, and prevent you from directly registering because you think 'MOASS is tomorrow'. + +To address the inevitable complaints: + +&#x200B; + +* *'Ape no fight ape':* I'm sick of this being used as a reason to not call out bullshit. I'm not fighting anyone. I'm trusting the consensus of the community, not to mention GameStop themselves, to promote focusing on the only thing we can do that will actually help. +* *'I'm an individual investor, I'll do what I want with my money':* True, if you don't want to DRS, no problem. Just don't contribute to the noise by complaining about DRS posts or pushing fringe opinions on the community. We're fighting a war against disinformation and we have the solution, there's simply no reason to open the door to distracting bullshit. If you want to sit on the sidelines, fine, but don't try and stop the team from winning. +* *'Options are a good way to leverage buying power for more shares':* If you're part of the 15% of people that don't lose money on options, congratulations. But that means 85% of us are just handing premiums over to Citadel and losing money that could be going to buying and directly registering shares. Do you, but stop acting like we're going to catch them off guard all of a sudden with an influx of options purchases. + +&#x200B; + +They're using our money to run their casino. We need to stop this bullshit and in order to do that we need to keep the sub focused. + +**Take back ownership of your shares. DRS is all that matters.** + +Edit: + +Feel honored to finally have gotten the 'crisis hotline' message. For the record, I don't want to hurt myself or anyone else. I'm very happy with my life, but thanks for the concern :) +It's been many many years that companies have been shorting stocks and basically stealing money from the average investors by manipulating the market for a quick buck. What is currently happening with GME is finally a time where the little guy can swing right back as a united army. Let this be a lesson to short sellers. We will not be taken advantage of. + +This is a little quote from when Volkswagen was shorted and it back fired. "VW short quickly saw their collective losses exceed $30 billion.   Hedge fund managers were “literally in tears on the phone” as they described “a nuclear bomb going off in our faces.” + +Ladies and gentleman, we hold until we see tears. Holding 200 shares and only shares. Calling $85 by end of next week. +https://www.bloombergquint.com/markets/meet-the-spy-11-kids-with-250-billion-riding-on-their-lives + +Quote from the article: "SPY as we know it will cease to be on Jan. 22, 2118, or 20 years 'after the death of the last survivor of the eleven persons' -- whichever occurs first." + +And apparently at least 8 of the 11 people didn't even know their role in the creation of SPY (since they were babies when it happened and I guess no one told them). + +Edit: In case anyone was wondering, yes, this is mentioned in the SPY prospectus: https://www.ssga.com/us/en/institutional/etfs/resources/doc-viewer#spy&prospectus + +Quote from the prospectus: "The Trust has a specified lifetime term. The Trust is scheduled to terminate on the first to occur of (a) January 22, 2118 or (b) the date 20 years after the death of the last survivor of eleven persons named in the Trust Agreement, the oldest of whom was born in 1990 and the youngest of whom was born in 1993. Upon termination, the Trust may be liquidated and pro rata Units of the assets of the Trust, net of certain fees and expenses, distributed to holders of Units." + +Just thought this was an interesting fact that not many people may be aware of. Funny how ~~old financial laws~~ the rule against perpetuities works. +I work at a major tech company. About two weeks I put this Ethereum sticker on my laptop. + +[Ethereum Hodl Decal ](https://www.amazon.com/dp/B077BQ7F2G/ref=cm_sw_r_cp_api_upYfAb3XEWQ5N) + +I have been to about 60 meetings with a wide range of folks across a dozen teams: product, engineering, electronics, manufacturing. Not one has recognized the giant Ethereum logo on my machine. Many have asked what it is. Everyone says ‘oh yeah of course I know about cryptocurrency’ when I explain it. But none own any and none had any real idea what it was or how it works. + +These are some of the wealthiest, well-educated, techno-savvy people in the world. Collectively people like this like this control trillions of dollars of money. They don’t even know enough to FOMO yet. + +Today ETH is entering new territory, without any name recognition in the world or participation from the vast majority of the world’s wealthy. + +I am no ETH trader, I am an ETH hodler. From $6 to $6000. + + + + +In our **FIRST TWO WEEKS**, $HAPPY has donated **$90,000** to different mental health organizations with no signs of stopping. If you haven’t had the chance to watch any of our live streams so far, each week our founder streams a live donation/AMA session with the organization we are donating with. + +If you want to watch them, here they are! https://www.twitch.tv/watchhappycoin + +**$HAPPY isn’t *even a month old*,** and has already made strides towards changing the lives of those in need, and bringing awareness to topics that you may not know about. Everyone has a different reason for being in crypto, whether it’s to get rich, for the technology, etc. Happy however, is one of the largest charity tokens out there that show how fundraising or donations can be raised with this new currency we have. + +Now for some **MAJOR NEWS.** + +The founder of $HAPPY coin is heading out to **Los Angeles THIS WEEK** to market happy to some **HUGE influencers.** Currently he is talking to Jesse Wellens (10Mil Subs on YT… good friends with **CASEY NEISTAT**) on how they can promote $HAPPY, and with much more in the works that is hush hush for now. + +$HAPPY has been getting listed on big exchanges (WhiteBit) with a **Certik** audit and a marketing campaign from WhiteBIT coming very soon, and so far has been holding steady above a $10mil market cap. And when the marketing in the works takes off? You will be **$HAPPY you bought so early.** + +Website: http://thehappycoin.co + +Chart: https://charts.bogged.finance/?token=0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D + +PancakeSwap: https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D + +Twitter: http://twitter.com/the_happy_coin + +Telegram: http://t.me/happy_coinTG + +Twitch: https://www.twitch.tv/watchhappycoin +$0 was not an acceptable answer to her. She didn’t understand that my parents have no savings. There’s a reason they call it generational poverty. I’m definitely not in the worst spot I’ve ever been but I’m not living large by any means and I can’t foresee a time when I won’t be scrimping. To prove I was serious, I called my mom in front of her to ask about any potential inheritance. She (my mom) just laughed. + +I love my friend a lot and this post is by no means meant to disparage her at all. It just really highlighted how different our outlooks on finances are and was sort of a wtf moment for me lol. + +Edit to say that I know some people are hung up on the fact that my friend even asked. It wasn’t rude or unwelcome as we were talking about our finances and do so pretty regularly. Honestly I feel everyone should have someone they’re completely open with (a partner, a friend, a relative, etc). Also, we might not like thinking about our parents leaving us but it’s important to understand what kind of situation we’ll be left with when they’re gone. +Im not trying to be a negative Nancy or discredit anyone or anything like that but in my personal opinion, these posts are super cringe... I don’t know if you guys think that they will somehow change the minds of the corrupt politicians governing over corrupt Wall Street?? This thing will sort itself out, shorts have to cover eventually. Letting the entirety of Twitter know that you are a GME holder with a picture of your face on your post isn’t the smartest thing to do in my opinion either... idk maybe I’m just being negative. + +Edit: Thank you for the upvotes and awards! + +P.s. Chill out with the whole GMEisME is saving the market and is going to make politicians magically care about us thing... did you learn nothing from the hearings??? They did a whole lot of talking to accomplish a whole lot of nothing. What happened to apes saying the government was corrupt 4 days ago? Im not trying to cause division, if you wanna keep posting #GMEisME posts, go for it! Just saying how I feel about it! Don’t come blowing up my phone when you got the entirety of Twitter/your friends blowing up your phone during the MOASS. +Yep you read the title right + +&#x200B; + +How I'm going to do it welp let me tell you. + +&#x200B; + +Firstly I earn roughly about 80k before taxes I have no expenses besides necessities such as paying for my apartment and phone + other stuff. The rest goes to my savings account and some to the stock market (roughly 10% to bitcoin) recently I have realized that I do not enjoy what I do and unfortunately would rather go back to school. Although I also do not want to indebt my self too much. So i decided to produce as much as passive income as I can so that way I can concentrate in other projects that I would very much be excited to work on. + +&#x200B; + +I'm thinking of placing at least 1-1.8K every month into QYLG NUSI DIVO JEPI. In addition to that I would be re-investing the earning into VOO, SPY and QQQ. I also have the holy trinity of drinks but unsure if to sell KO SBX and PEP. The rest of the money will into an emergency fund and a savings account where I can liquidate this money as quick as I can in case of an emergency. Although I am willing into cutting a lot more for the sake of producing more passive income. + +Additionally to that I do have a total of $4k stocks at the moment in various other companies although it seems that VOO, SPY, and QQQ would outperform them all so i would most likely sell them and place them into these 3 with DRIP. + +&#x200B; + +Any thoughts? +I work in private equity and deal with external board members regularly who will "work" on 1-5 boards earning 65-200k at each gig with typically some extra perks like the opportunity to coinvest on a no fee basis or get a small option package. The work mostly seems to be (1) participate in quarterly board meetings to provide feedback and advice to management, (2) make introductions to industry connections to help the company, and (3) probably interview for board positions regularly. + +To me this seems like the logical "off ramp" as I get older so that I don't go crazy from giving up all work instantly while still earning a little bit of extra income here and there. + +Anyone with experience doing this who can comment on whether they thought the experience was worth it? +Hello, + +I have been trading for a little over a year now. After I was consistently able to make $1,000/week, I quit my job and since then have made $150,000 after taking out my original capital. + +The only issue is that my friends and my wife’s friends ask me about my job when we chat, and I still tell them I am a recruiter. How do I tell ppl I trade financial derivatives without sounding like an asshole? + +I mentioned that I do this in the side before, but I don’t want to reveal how much I made, which may come up if I tell them I do this full time. +Edit #2: my post was made yesterday, but it didn't gain traction until today, so yes as of now the feed is back to mainly just DRS posts. I am referencing October 29th in this post. And as always I accept all criticism and feedback and am enjoying this respectful discussion. + +Edit: I agree that Purple posts are back on the feed, I agree that too many purple posts drown out DD and memes, I do agree that we need more sick memes. I agree with everyone's constructive criticism and feed back. Love this community, you have taught me diamond hands and it had changed my whole life. + + +Just yesterday most every post was ComputerShare. And...now it's gone. + +All things not DRS are nice and all: + +*Wu-tang +*"New Apes" +*Coke Rat +*Evergrande +*Krypto +*Pandora Papers +*Insider trading by Congress and the Fed +*Debt Ceiling +*Steve Cohen +*Another lieing "news" article + +But....I was liking the endless DRS posts, because I want my stock purchases to increase the price, that's how it's supposed to fucking work, but so long as we have infinite synthetic shares and IOUs replacing real shares at brokerages then my purchases don't push the price up, and that's hella dumb. + +It's not only buy and hold, it's DRS through ComputerShare. It's pinned at the top of the sub. Everyone reads it, does further research, reaches own conclusion. + +The last thing the stock needs are people buying and paperhanding in some shitty day trading fail. + +The true underpinning, foundation, premise......the whole reason we are here is to support a company turning itself from a brick and mortar into something so much more. Amazon can fucking suck it, they are a shitty company and GameStop can at least beat them in several categories. So, we are patient, very patient, give the company time. + +Yes, money and big gains are great, and I will get mine, but none of this can happen without GameStop becoming wildly successful. I'm a fan of the company. + +Cheers on a Friday night, I just finished another fantastic beer and now for another bong hit. + +Also, I'm illiterate, this is not financial advice, there is no "we", only invest money you don't need in the short term, only go long on a stock, if you don't register your shares you don't own a damn thing, be zen, be nice, it's ok to be wrong, fud is the worst, diamond hands is a way of life, this sub had been the funniest part of 2021! +CEO Matt Furlong + +"Thank all our team members for continuing to bring tremendous focus and intensity to Gamestops mission" + +"We continue to see a customer first culture taking hold throughout our stores, fulfillment center and corporate offices. Maintaining this emphasis on the customer will remain key as we work to grow across categories and new areas" + +"During the quarter we focused on expanding our selections, accelerating delivery speeds, and improving the customer experience" + +"We also made long term investments in our infrastructure, talent and technology. We believe our emphasis on the long term is positioning us to build what ultimately will become a much larger business relative to where we are in 2021" + +"We have also been exploring emerging opportunities in blockchain, NFTs and web 3.0 gaming" + +"With this context in mind, here are a few recent initiatives of note" + +"We continued growing our catalog by growing across consumer electronics, pc gaming and other categories with significant addressable markets. Some of the brands we have established new and expanded relationships with include: Samsung, LG, razor, vizio, logitech and asus. Just to name a few" + +"Sales attributable to these new and expanded brand relationships helped drive growth in the quarter" + +"We also began implementing new assortment strategies within our stores, including PC gaming merchandise across approximately 60% of US locations" + +"With respect to hiring: we kept adding talent across the organization; including specialist with experience in eccommerce, UI, UX, blockchain, operations and supply chain" + +"Over the course of 2021, we have made more than 200 senior hires from some of the top technology companies" + +"We also recently added a new office in Seattle and have identified a new office in Boston. Positioning us within two tech hubs with strong, local talent markets" + +"Having footprints in these cities, will help us attract and retain tech focused teams, will expertise in eccomerce, and other areas" + +"Shifting gears to our fulfillment network, we started shipping orders from reno nevada while increasing shipments from york pa" + +"Our expanded network is continuing to help us improve shipping times to customers across the US" + +"Additionally, we recently announced a plan to hire up to 500 associates at our new customer care facility in south florida. The facility, which is now operational, will be a key part of our new US bases customer care operation" + +"Lastly we further strengthened our financial position by securing a new 500 million dollar ABL facility which closed early in November, which has improved liquidity and terms. The facility provides for reduced borrowing cost, lighter convenance and more flexibility" + +*financial numbers* + +"As indicated in the past, long term revenue growth is the primary metric by which stock holders should assess our execution" + +"Cash and cash equivalence over 1.4 billion, 1 billion more than last year" + +"We continue to maintain a large cash position, even while front loading investments and inventory to meet heightened demand and mitigate the full impact of global supply chain orders" + +No debt + +1.14 billion in inventory + +*financial numbers over* + +"Before wrapping up i do want to quickly reinforce some key points about our go forward operating philosophy. Our emphasis on the top line, stems on our leaderships significant e-commerce experience and believe revenue growth is critical" + +"We believe revenue growth will translate to scale, and market leadership. And from there, scale and market leadership will translate to greater free cash flows over time." + +"Our focus on the long term, means we will continuously prioritize growth and market leadership over short term margins" + +"Ill leave it there for this quarter. As always we appreciate all the enthusiasm from customers, employees and stock holders, who we believe are the best in the world" + +I literally cried when he said we are the best in the world + +edit: i removed my commentary, sorry i was so jacked up. in addition here is the link to the earnings if you want to double check any specific wording https://viavid.webcasts.com/starthere.jsp?ei=1515593&tp_key=9240deb374 +#MY RADAR IS GOING OFF BIG TIME + +Something is suuuuper sus: + +1. OCC - first of the clearing agencies to be mentioned. Interesting. +* **Options blew up**: went from daily max 172k contracts/$42m value, to **2m contracts/$8bn value** - [p.40](https://i.redd.it/uy215c4pzcu71.png) + * **HOLY FUCK THAT'S A 190x $ VALUE INCREASE. ONE-HUNDRED NINETY TIMES THE DAILY $ HIGH SCORE** +* Retail joined in the dogpile: went from $58m daily volume => **$2.4bn** - [p.29](https://i.redd.it/7cbuhc5s1du71.png) + * **MOTHER OF GOD THAT'S A 41x INCREASE. FORTY-ONE TIMES THE PREVIOUS RETAIL $ HIGH SCORE** +* Robinhood: aside from increased margin deposit, ***RH's first action was to restrict options*** - [p.34](https://i.redd.it/0zt6f75dycu71.png) +* Citadel: I believe Citadel provides 100% of RH's options (can someone source this please?) + * *If confirmed, this implies RH cut off options because* ***Citadel could not handle the retail option volume & exposure*** + * The report also [heavily implies](https://www.reddit.com/r/Superstonk/comments/qb5cqc/holy_shit_3_citadel_was_falling_apart_during_the/) that Citadel was falling apart during the sneeze, which is also in line with RH's testimony that Citadel was a shitshow +* The report mentions that options order flow can't be executed off exchange, needs to be on lit exchanges - [p.11](https://i.redd.it/znh118c8ggu71.png) + * This whole paragraph stands out to me. Is the implication that Citadel could not handle the options volume *because* it could not be internalized? + * ...or are they implying that *the options were not cleared* - there was no backer? This would mean Citadel/RH were operating a CFD for options, with a handshake "credit" arrangement. If so, RH would be entirely on the hook for every options contract it sold if Citadel could not fulfill. (**HOLY SHIT**) + * There might be no implication at all, but... something feels really off here. + +#Then you get to this: + +* [p.32](https://i.redd.it/a6qrk98vkgu71.png) + + > OCC did not... increase financial resources during this period + * i.e. THEY DID NOT REQUIRE MORE DEPOSITS BASED ON MARGIN CALCULATIONS +* Then, [p.31](https://i.redd.it/cieoifpzigu71.png) + + > OCC's margin requirements returned to prior historically consistent levels + * WAIT I THOUGHT YOU SAID NO EXTRA MARGIN REQUIREMENTS WERE MADE, SO HOW COULD THEY RETURN TO "NORMAL" IF THEY WERE ALWAYS AT "NORMAL"? + * This *could* be explained if the margin was proportional. (i.e. as $ volume scaled, so did deposit requirements)... but why not just say that? + +&nbsp; + +But all this presents one **MEGA FUCKING QUESTION**: + +* ***How can there be a HUNDRED AND NINETY TIMES increase in options volume for a stock with liquidity problems AND NO MARGIN CALLS OR EVEN INCREASED REQUIREMENTS WERE MADE?!?!*** + +&nbsp; + +EXTREMELY. FUCKY. + +&nbsp; + +(FYI, OCC is owned by NYSE, Nasdaq, and CBOE. + +Guess who *their* largest client is?) +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/EKU2tVBp9u) +As the title says, the above rules for the Self Regulatory Organizations, Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Clearing Agency Model Risk Management Framework for DTC, NSCC and FICC are published to the Federal Register as are other rules regarding securities trading. + +[Link to recent Federal Register filings](https://www.federalregister.gov/documents/search?conditions%5Bagencies%5D%5B%5D=securities-and-exchange-commission&conditions%5Bpublication_date%5D%5Bgte%5D=06%2F19%2F2021&order=newest) + +[DTC-2021-013](https://www.federalregister.gov/documents/2021/07/19/2021-15187/self-regulatory-organizations-the-depository-trust-company-notice-of-filing-and-immediate) + +[NSCC-2021-008](https://www.federalregister.gov/documents/2021/07/19/2021-15189/self-regulatory-organizations-national-securities-clearing-corporation-notice-of-filing-and) + +[FICC-2021-006](https://www.federalregister.gov/documents/2021/07/19/2021-15188/self-regulatory-organizations-fixed-income-clearing-corporation-notice-of-filing-and-immediate) + +Could use some wrinkle brains regarding some of the other filings dated 7/19/2021 +Miners are what keep the network alive. Regardless of the current situation the network should not be degraded or disconnected for Russian users. + +Russian civilian's don't want a war. It's unlikely Russia government is using the BTC network anyway. + +I too take Ukraine side in this disgusting act by Putin but we must maintain integrity of the Bitcoin network. + +*Edit* + +To clarify it has been reported that some cryptocurrency pools are blocking access to Russia. This is not solely limited to just BTC. + +*Edit 2* + +Just to be clear. I know exactly how the network works. I'm stating freely and clearly that all pools should remain online and active for everyone and not to impose any restrictions as to retain the integrity of crypto currency. + +As a pool owner you should NOT be making choices based of political decisions that may deliberately prevent end users from using the service. +Still, analysts were quick to applaud the retailer’s results, and several raised their price targets. BMO Capital Markets’ Kelly Bania reiterated an Outperform rating and raised his target to $385 from $340, writing that she expects “continued momentum for its unique business model, supported by incredible consistency in renewal rates, continued rising executive penetration, and long-term benefits from the current environment." + +Morgan Stanley’s Simeon Gutman reiterated an Overweight rating and raised his target to $360 from $330, writing that this is a rare “buy the dip,” as Costco will be able to “steadily grind higher regardless of macro/virus outcomes.” + +Raymond James’s Bobby Griffin reiterated an Outperform rating and raised his target to $365 from $355. He notes the shares might not look cheap, but they are on the cusp of a multiyear e-commerce and international expansion, and “the value and services Costco offers its members creates a very resilient business model and a compound earnings growth story, justifying the higher valuation." + +RBC Capital Markets’ Scot Ciccarelli reiterated an Oupterform rating and raised his target to $412 from $400. “We remain bullish on Costco given its ultralow markup process, massive buying scale, growing e-commerce business and ‘value’ positioning in what will likely be a more difficult economic environment." + +Stifel’s Mark Astrachan reiterated a Buy rating and raised his target to $380 from $375. He says the stock’s “premium multiple [is] justified by strong comp growth, share gains, and a durable and cash-generative business model." + +Telsey Advisory Group’s Joseph Feldman reiterated an Outperform rating and raised his target to $390 from $385. “Broadly, we expect Costco to be one of the winners in the 2020 holiday season." + +Source:Barron's +I think there is not much upside to the broader market from here and hence my strategy on staying in cash. If you know of any investments that make sense, any help would be appreciated. +Link: https://www.moneycontrol.com/news/business/economy/govt-amends-fdi-policy-bars-neighboring-countries-from-investing-with-nod-5162851.html + +Opinion: very good and prompt step from the government. US, Japan and Australia has already placed such restrictions. +And that the winners aren't on the internet, you'll probably lose quite a bit when you start, and that you definitely can't have it as just a hobby, but make it a career if you want to make money. These were comments on threads from over a year ago. + + +But what if I have a strategy that I've found has worked pretty well manually? And I don't want to sit around for hours and spy for entries? Isn't that a reason for many people to get into algo? How could I possibly make less money in automating the process and probably catching more entries than I would otherwise? + + +What are your thoughts on profitability, commitment and time in the algo game? +Hello all, the numbers for October came in via Black Knight's Mortgage Monitor. If anyone is speculating a crash in 2021, here are some numbers to look at. + +Home prices: Low rates, improved affordability and low inventory continue to put upward pressure on home prices, with the median home price rising by 14.2% in September. This is up 11.5 % since August, and the highest annual home price growth in 15 years. It is expected home buying will increase even into December. + +Delinquencies: Mortage Delinquencies are down 3.10% in October. The level of of all delinquencies less than 90 days past due has now returned to pre pandemic levels. Serious Delinquencies are down 43k, however, more than 2.3 Million home owners (5x the number entering 2020) remain 90 or more days past due, but not in foreclosure. Once 2021 comes around , I can see a possibility of a lot of these turning into foreclosures. +To compare, in total we have 2.5 million either delinquent or in foreclosure as compared to the Great Recession peak of 5 million. We only have currently 181k active foreclosures as compared to 2.2 million at the peak of the Great Recession. Our TOTAL delinquent is 3.5 million compared to 5.8 during the Great Recession. + +On a positive note: Pre payment rate is up 12.70%. There are now just 821K mortgage holders that are a single month behind on payments, down nearly 20% from pre-pandemic levels, and the lowest such volume on record dating back 2000. + +Highlights: +- After peaking in May, delinquencies have now fallen by more than 14% (-582K) over the past four months + - As of September month-end, some 3.54M (6.66%) borrowers remain past due but not yet in foreclosure, down from 3.68M (6.88%) the month prior +- September also marked the first improvement in serious delinquencies (90+ days past due) since the start of the pandemic, which fell from 2.37M to 2.32M. +- Still, 4.4% of mortgage-holders remain seriously delinquent on their mortgages, more than 5.5X (+1.9M) than the share six months ago +- Despite serious delinquencies remaining significantly elevated, early-stage delinquencies have shown strong improvement + +What can we take from this is still un clear. I definitely believe we will be into a cooling trend coming in 2021 but don't know about a crash. I suggest checking out the sources I list below and staying up to date on this market. + +Source: Black Knight, mortgage Bankers association. +According to CNN's income calculator (here: https://money.cnn.com/calculator/pf/income-rank/index.html), if you make $250k+ per year, it only puts you in the top 5% (I'd have guessed 1-2%). + +What do all these people do? Certainly 5% of people aren't doctors, CEOs, or professional athletes that exceed that kind of money. + +I literally mean, what are their jobs? And what percentage of people are in each one? I'd imagine there's a long tail but a handful that make up a sizable chunk of that 5%. I'd like to see the data of those ~18M jobs that make $250k or more and how many people have each job title. +Ok, so i have a working knowledge of the how the stock market works but what is happening is just driving me crazy, shouldn’t be the other way around + +I understand elon musk is a visionary, and people want to invest in him but why isn’t pfizer stock not jumping over the roof ?? + +Thanks, +My wife and I live with my parents. We in our early and very late thirties, with 2 primary age children. We do not contribute to the household bills but we do the weekly shopping. +I have started to look into buying a house for ourselves. +However, our monthly spend is about £1800 a month. About £100 per week is the food shop another £50 per week is the kids tuition and clubs. The rest I have no idea about, takeaways, clothes, days out, Amazon. The spending it’s mainly from my wife’s account, +Would the bank look at our monthly spend and reduce the amount we could borrow. How far back do they look at bank statements. +## Preface + +Three hours before the House Committee on Financial Services hearing *Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide* on February 18th, 2021 CNBC aired an unusual, pre-recorded interview with Bill Gates innocently sporting a blue sweater and white collared shirt in a bright, modern office. During the interview Gates equated “meme” stock investing to gambling and suggested the SEC needed to “look at the individual investor.” He talked about the market activity involving “meme” stocks lacking societal value and how the events of January and February reminded him of the Post-depression era 1930s as though he’d lived through it. So why did Bill take it upon himself to cast individual investors as degenerate gamblers in advance of this hearing? + +Not much has been made of Gates’ possible involvement in GameStop beyond mention of his well-known “family office”, Cascade Investments, and [speculation](https://www.reddit.com/r/GME/comments/m2ozdh/another_1_million_shares_borrowed_from_etfs_in/gqklwg9) on Reddit in early March 2021 that his vocality on market events signaled maneuvering ahead of a divorce - like Gabriel Plotkin’s announced on January 31st, 2021 - meant to secure assets under a soon-to-be ex-spouse’s name before they could margin called from them. Foresight later acknowledged by a Marketwatch article [here](https://www.marketwatch.com/story/bill-and-melinda-gates-divorce-was-a-predictable-market-phenomenon-and-bullish-for-gamestopwe-can-explain-11620158462). + +But after the months of divorce headlines and an Epstein apology tour things seem to be back to normal for Gates and company. He’s once again writing [op-eds](https://time.com/6115046/bill-gates-pandemic-preparedness/ ) about public health and how we can prepare for future pandemics as if all is forgotten and forgiven… right? I’m not so sure and think Gates still has some explaining to do. + +## Background + +Please allow me to add a new equity of interest to the search results of r/Superstonk: AutoNation. + +I was reminded of this company a few months ago after a nobody analyst by the name of Anthony Chukumba went on CNBC in attempt to not only cast doubt on the ascent of GameStop but also assassinate the character of Ryan Cohen. During the interview Chukumba, with fervor, said: + +> “The valuation is nonsensical and at some point **let’s just call it what it is - the emperor has no clothes.** I know Ryan Cohen you know founded Chewy and sold it for a gajillion dollars. He’s got at least three zeros in his net worth more than I do… but at the end of the day **this is Eddie lampert with Sears all over again.** At some point we’re going to have to come to the realization that **the emperor has no clothes there’s no strategy there’s no turning this business around** and it’s nonsensical that it’s that the valuation is 15 billion dollars.” - [Anthony Chukumba - September 9th, 2021](https://youtu.be/0Sc8tIAhEEU) + +Hold up. Ryan Cohen, an emperor with no clothes? Eddie Lampert with Sears all over again? How weird were these analogies? + +First of all, I’m pretty sure RC has at least one premium black Lulu hoodie… and what makes Anthony so sure Eddie Lampert is a foolish, vain emperor who lacks cunning? Eddie has a grand total of zero public interviews on YouTube and like CNBC points out [here](https://youtu.be/gZqmlZK9l30) has long been known to avoid the spotlight. Let me ask you a question - do either the yacht and accompanying black Bond villain boat recently spotted in Charleston, South Carolina [here](https://abcnews4.com/news/local/130m-megayacht-owned-by-sears-ceo-visits-charleston-harbor) or 13 bathroom house in “[Miami’s Billionaire Bunker](https://www.miamiherald.com/news/business/article247709685.html)” strike you as the property of a foolish emperor? + +Second of all, their business practices are, very obviously, entirely different. RC has created hundreds (thousands?) of jobs in his first year as Chairman of GameStop. Lampert on the other hand systematically dismantled a classic American corporation resulting in the loss of *several hundred thousand jobs* while playing *Weekend at Bernies* with Sears’ underlying credit insurance as demonstrated by the company’s settlement with Omega Advisors Inc., Och Ziff Capital Management Group and Saba Capital Management in December 2018 after: + +> “The judge presiding over Sears Holdings Corp.’s bankruptcy suggested an $82.5 million bankruptcy sale didn’t follow proper procedure and may have unfairly disadvantaged investors who bought insurance on the company’s debt.” - [Wall Street Journal - December 20th, 2018](https://www.wsj.com/articles/searss-82-5-million-note-sale-to-cyrus-is-thrown-into-doubt-11545351623) + +Eddie and his buddy Stephen C. Freidheim of Cyrus Capital were essentially caught playing funny games during Sears’ bankruptcy auction and had to cough up a very small amount of money relative to their net wealth as a result. Meager price to pay for the actual amount of capital Lampert has extracted from Sears over the years and representative of why an association with Eddie Lampert is a character assassination in and of itself. He’s a bad person, unlike Ryan Cohen. + +It seems Chukumba has not only been wrong about GameStop in his analysis but RC and Lampert as well. Almost as embarrassing as the quality of Loop Capital’s [website](https://www.loopcapital.com) and their only available translation option being Mandarin. + +## Hypothesis: + +Ok, so, back to Gates - he wouldn’t involve himself with someone like Eddie Lampert, would he? Well, it just so happens that Cascade purchased $186 million of Sears debt in 2016 and was subsequently very lenient when it came time for the loan to be repaid by Sears in [2018](https://www.chicagotribune.com/business/ct-biz-sears-loan-lampert-cascade-0605-story.html). Once a fluke, twice a cohencidence… + +Thrice a pattern... Did you know Bill Gates [transferred](https://www.bloomberg.com/news/articles/2021-05-04/cascade-transfers-canadian-national-autonation-to-melinda-gates) 14.1 million shares of AutoNation - a company Lampert has a [10%](https://whalewisdom.com/filer/esl-investments-inc ) stake in and was [formerly](https://investors.autonation.com/news-and-events/press-releases/press-release-details/2007/Edward-S-Lampert-Not-Standing-for-Re-Election-to-AutoNation-Board/default.aspx) on the board of - to Melinda Gates and then sold off another 2.94 million at ~$103.47/share on May 3rd, 2021? While researching this post AutoNation was trading ~$123.65 which means Bill Gates has effectively parted ways with $343,867,200 in unrealized gains during 2021 while doing so. + +Fourth time a standard… of trading behavior that is all too coincidental when taking into account the bizarre pink sheet OTC volumes observed for “zombie companies” like Sears and Blockbuster that people have [observed](https://www.reddit.com/r/Superstonk/comments/phazqs/what_in_the_fuck_is_this_large_volume_moves_in) unexpectedly overlap with GME trading throughout 2021. RC even tweeted about the two companies [here](https://twitter.com/ryancohen/status/1400492465442811904?s=21) and [here](https://twitter.com/ryancohen/status/1346943412663177218?s=21). + +While it is still unclear as to whether Bill Gates has lost money directly tied to GameStop or not one thing is clear - he has left a veritable trail of behaviors and relationships behind him that suggests he still has some explaining to do. + +## Conclusion + +To wrap this up, I’d like to once again refer to Gates’ comparison of Retail Investors, like you and me, to gamblers like himself during his February 18th, 2021 pre-market CNBC appearance. I do not enjoy casinos, losing money, Windows PCs or being judged by a person whose family office is known for it’s “[culture of fear](https://www.nytimes.com/2021/05/26/business/bill-gates-cascade-michael-larson.html).” I can’t imagine Time Magazine would, for example, allow Bill Cosby to write an op-ed nowadays - so I’m not sure why they recently allowed Bill Gates to? Perhaps they will one day publish a piece about the relationship between Gates and Lampert. + +— + +Just a Retail Investor, not a financial advisor. +Buying stocks near 52 week low. This was my ONLY criteria for stock selection when I first started. Result? The stock made a new low. + +Focusing on the price. I only invested in stocks below 100 or 200 rupees thinking I could buy more shares. I was wrong. + +High debt companies. + +Low profit /sales growth companies. I didn't know where look up those numbers. + +Penny stocks. I have only two words for penny stocks- they suck. That's it. + +Selling winners too early. Whenever I made a 5% profit I sold all my shares. + +Holding on to losers. Most of the times the losers never came up. + +DCA on losers. Dollar Cost Averaging only works on winners. + +Under diversification. I put all the eggs in one basket without proper research. + +Over diversification. I bought a few shares of many companies. It was hard to keep track of them. + +Ratios. I focused too much on ratios that I forgot the main business of the company. The ratios will never be perfect. + +Listening to tips. Never listen to stock tips. Not even if Warren Buffett tells you so. + +Lack of patience. I bought companies too early. If I'd waited a week to buy/sell those shares I'd have made 10% more. + +Too many transactions. Transactions are a huge cost in the stock market. Buying and selling to frequently adds up over time. + +Checking prices daily. No need of that unless you're a trader. + +Those were some mistakes I made that I can think of. I'm sure there are a lot more mistakes I've made. + +There are still a lot of mistakes i still have to make. Keep investing. + + +-Vikrant C. +Hey everyone,5 years ago I worked for a Hedge Fund Company. If needed I prove it to mods.It is not as easy as it is usually described. The atmosphere is tensed/stressed very often. Greater profits are usually based on luck and it's very important to have good connections to other institutions. + +Personally I hodl 335 shares and it grows every day. I think there needs to be a special constellation in life that makes you enjoy this GME ride. Money simply gets shifted from one account to another in the long run. So despite knowing strategies with a decent Sharpe Ratio I still want the financial market to revolutionize. The financial sector has simply become a fat, greedy eyesore. It does not produce anything, it just searches for victims.And the victims are the uncoordinated small investors usually of younger age. They are impatient, inexpierienced and have no important relationships to very profound investors usually. + +The GME Saga however is an historic unique situation. There will be no 2nd stock like GME in this decade, because the financial markets will be regulated and be prepared for next time.Buy and Hodl and enjoy your well deserved MOASS. + +PS1: Do not expect it to a straight road ... it will be a very bumpy one. +PS2: Let GameStop become your amazon for electronic gaming equipment. (Or clothes or whatever). +A strong company that is supported by a large group will chase shorts away! + +\--- edit1: --- + +thank you very much for the awards! I love them! + +As there were already some comments about buying / selling and also questions about myself. I would like to add the disclaimer to be on the safe side:I am not a financial advisor. Do your own research before buy/sell. + +\--- edit2:--- + +fixed typos. +I've been thinking lately about the mechanisms and philosophy of the market and I'm trying to imagine how I should frame this in my mind. + +There are a lot of people nowadays who say something to the effect of "workers deserve a fair/living wage," and my general thoughts about this have been that people are paid generally in line with how much value their work creates - meaning that if a certain job pays a low amount of money, it's because the amount of value created by the worker is low. (I'm ignoring things like bargaining power for the sake of this example) + +That being said, I've been thinking about this lately in terms of market mechanisms. Generally a CEO is paid significantly more than a cashier, and I've been telling myself that this is basically because the actions of a CEO have significantly more impact on the operations of a company than that of a single cashier. i.e. the marginal product of a CEO is significantly higher. + +While this is true, is the pay of a CEO commensurate to the amount of value they create, or is it based on the scarcity of the labor market for CEOs? For instance, if 1,000x more people in the world went to school and developed themselves professionally to equip themselves with the skills of a typical CEO, wouldn't the average pay of a CEO be significantly lower just by virtue of how many people are lining up to do the job? + +It seems to me that pay is not commensurate broadly with how much value a position generates, but entirely with how many people are competing for various jobs. If there were as many people with engineering backgrounds looking for a proportionate amount of engineering jobs as there were cashiers looking for cashier jobs, wouldn't the pay of engineers be essentially the same as that for cashiers? +Insurance for cryptocurrencies becomes important when you consider the instability of the cryptocurrency ecosystem. The skyrocketing valuation of bitcoin and other cryptocurrencies has resulted in massive thefts of online wallets and exchanges. For example, cryptocurrency worth $500 million was taken from Japanese cryptocurrency exchange Coincheck in January 2018. The cumulative result of these is a vulnerable ecosystem that the mainstream finance ecosystem either ignores or refuses to take seriously. + +Smart contracts enable blockchain users to transparently transfer anything of value without the interference of a middleman. Like physical contracts, smart contracts stipulate the rules between two parties. Unlike physical contracts, smart contracts can track insurance claims and hold both parties accountable. + +Insurance policies could be written as coded, decentralized smart contracts in which an individual agrees to pay the insurance company money in return for the company's promise to help cover that person's future medical costs. Blockchain smart contracts will create immutable data based on an insurance policy owner’s records that can immediately accept or refute any insurance claims made to the company. + +Treasury Token wants to take the plunge and be one of the first cryptocurrencies to enter this business field. Treasury Token made a stealth launch just a few minutes ago. We launched our little treasure today. The Treasure token will be an absolute first in the insurance industry. The interested parties will have the opportunity to insure their valuable things through our policy for a flat commission according to the value. The insurance pool will be backed by the TRSR token. + +📃 Contract-Address: 0xd46caf5e4319a47ab5dfac87bc820ffa23c9a24a + +🥞 PURCHASE IT ON PANCAKESWAP: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xd46caf5e4319a47ab5dfac87bc820ffa23c9a24a + +📱 Telegram: https://t.me/TreasureToken + +🗺 Website: https://trsrtoken.com/ + +🔐 Locked LP: +https://bscscan.com/tx/0x6d19be0bd24e8471a92e158df6b211b47c15750af14b46028df02e1bfb762502 + +☑️ Renounced Ownership: https://bscscan.com/tx/0x69d0c2e1346463e851e981e5a951cc08a4b77a67222907018a7b16e34e99ceeb +Morty Token ($MRTY) presale sold out in less than 2 seconds + +🔥Morty Token is a decentralized hyper-inflationary give-away token on the Binance Smart Chain based on Morty from Rick and Morty. They will be doing a PS5 🎮 giveaway once the pre-sale has concluded and a Tesla Model 3 give-away at 5M Market Cap. For a complete list of all of their giveaways please refer to the white-paper on their website. 🔥 + +Their contract is coded so that Give away wallet tokens will automatically be converted into BNB, so BNB will be rewarded to holders rather than $MRTY tokens. + +🎯PooCoin Ads day of Launch. 🎯Coin Sniper ads day of Launch. 🎯Weekly AMAs 🎯Have already reached out to several Twitter infuencers. 🎯Already listed on CoinSniper, CoinScope, GemHunters, CoinVote, CoinDiscovery, FreshCoins, and CoinHunters. + +Token supply: 1.000.000.000.000 tokens. ⭐️ 3% Give Away Wallet ⭐️ 1% Marketing 🔒 NO DEV WALLET + +🎁 Already given out over 10 000 usd! + +8,000 MEMBERS IN TELEGRAM!!!! + +🚗 TESLA MODEL 3 @ 5M MARKET CAP + +🦎 CoinGecko listing incoming + +GIVEAWAYS GIVEN IN EITHER BNB OR PRE-DETERMINED PRIZES...WINNERS CHOICE + +✅ NO MINT FUNCTION + +💰3% BACK TO HOLDERS + +🔒 LIQUIDITY LOCKED THROUGH DX SALE 🔒 + +💻WEBSITE: https://www.mortytoken.com + +📞TELEGRAM: https://t.me/MortyBSC + +🦜TWITTER: https://twitter.com/TokenMorty + +📎 CONTRACT: 0xb76ec79ca2a3ecbc5f54c77bac782352c118e706 + +❗️ JOIN THE COMMUNITY AND GET IN WHILE IT'S STILL EARLY ❗️ +**\*\*\* Warning, Extreme FOMO has kicked in on Crypto Twitter \*\*\*** + +🍑 $ASS - I posted to you at 400 holders and $250k MC, I then posted to you at 2500 holders and $2m MC, now for the final time before we see $ASS leave planet earth, I am writing to ensure you get in at 9400 holders and $45m MC 🍑 + +**🤤 \*\*\* Reminder about the Public Thirst Announcement: At $69m MC we get to see our beautiful, doxxed dev's ASS given to us via NFT \*\*\* 🤤** + +ASS has ridden a HUGE wave of momentum in the first 48 hours, and with CT now involved, this ASS is getting sent. Multiple 100k Twitter accounts are posting about it, so don't be late just come and APE in with us. + +💸 Remember this, we are still 170x away from SafeMoon's marketcap...Let that sink in and you'll realise the incoming gains which are about to be hard 💸 + +**The last 48 hour ASS frenzy:** + +* 9400+ holders +* Major TikTok marketing engaged, with **over 40 Cameos booked and paid fo**r which have been dropping nicely. EG Just look at the engagement [JB](https://www.tiktok.com/@jbizzathletics/video/6953350706686348549?sender_device=pc&sender_web_id=6952703497083454982&is_from_webapp=v1&is_copy_url=0) and [Tommy Chong](https://twitter.com/assfinance/status/1384290792710180864?s=20) brought to $ASS. Still over 20 more Cameos coming MINIMUM +* [TikTok $ASS competition Launched](https://twitter.com/assfinance/status/1384565079526494208?s=20) +* 1 Farming partner already locked in with **multiple** inquiries from other big farms to integrate and just sorting out the logistics now +* Multiple AMA's have been booked and scheduled to 15,000+ TG Channels where all the APE's reside +* [NFT's](https://app.airnfts.com/creators/0xC516aF40872dE9F265aC39A8A87Ce404852A427f) of Beautiful doxxed dev have been MINTED! +* Multiple CEX's have reached out to list ASS with fundraising for one major CEX almost complete +* Many other coins have reached out for partnerships +* Dev's are constantly on Zoom video with everyone in Telegram +* Dope [Meme contest](https://t.me/asstokens/18729) +* Logo added to Trust wallet and TEAM FINANCE (where our liquidity is locked) +* \+ Many, MANY more things I can't think of + +**Other info about ASS which has not changed:** + +* Gorgeous, Doxxed Dev (and her brother from another mother) +* Yield Farming +* Liquidity Generation +* 5% reflected among holders | 5% additional tax for selling to create a rising price floor +* 100% fair launched on BSC + +Here is everything you need to APE in and join: + +👩‍🌾 [Farming](https://beeswap.bz/farms) + +🐕 [Buy on PancakeSwap](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x7c63F96fEAFACD84e75a594C00faC3693386FBf0) + +📱 [Telegram](https://t.me/asstokens) + +🐶 [Twitter](https://twitter.com/assfinance) + +🐩 [Website](https://assfinance.com/) + +🍑 [NFT's](https://app.airnfts.com/creators/0xC516aF40872dE9F265aC39A8A87Ce404852A427f) + +🐕‍🦺[Liquidity Locked](https://team.finance/view-coin/0x7c63F96fEAFACD84e75a594C00faC3693386FBf0?name=Australian%20Shepherd%20Token&symbol) + +📈 [Chart](https://poocoin.app/tokens/0x7c63f96feafacd84e75a594c00fac3693386fbf0) + +Some other nice things to know before you APE in: + +🐕 Slippage: At least 11%🐕 Max TXN amount: 200,000,000,000,000 $ASS🐕 Max TXN amount: Two Hundred Trillion🦮 Smart contract provides LP every time it accumulates 30,000,000,000,000 (THIRTY TRILLION) $ASS, this creates a 🔥 RISING PRICE FLOOR🔥 + +✅ Don't wait, the hype is real. APE in now and ride this thing as close to SafeMoon marketcap as possible!!! ✅ +No matter how great your trading skills, you don't have a chance in this industry without the ability to remain objective, and make good decisions under stress. Deviation from ones plan during bad times can ruin accounts rapidly. The 'mental game' has become a trading trope I know, but for good reason - it is impossible to succeed in the financial markets without mastering ones own emotions. + +&#x200B; + +**These are a few realizations I've had after many hard losses:** + +\-Setbacks (drawdown) are opportunities for growth. Use undesirable outcomes as motivation to learn more and improve. + +\-Process is more important than outcome. Because we cannot control, but only influence our outcomes in both life and the financial markets, it is counterproductive to judge ourselves on result rather than process. + +\-Dissociate from the value of money. "Only risk money you can afford to lose" is an oft-repeated but very legitimate statement. In order to truly detach from the value of money you MUST accept the possibility, however minimal, of losing a substantial portion of your trading capital. Doing so is extremely liberating because losses no longer possess the same paralyzing qualities. + +\-Don't be happy about gains, don't be sad about losses. Instead, judge yourself on the quality of your decisions. A winning trade is not a good trade if it was the result of a bad practice (ex: accidentally hitting your mouse and buying at mkt, closing a few seconds later with a lucky profit. Desired result, bad process.) + +\-All emotions have opposites. In order to remain objective it is important to pursue emotional neutrality. I've only found this to be possible through dissociation from BOTH desirable and undesirable outcomes. + +&#x200B; + +**What psychological struggles do you have as a trader/investor? Comment below!** + +&#x200B; + +**A video I made on this topic:** [https://youtu.be/j63KQPxOLus](https://youtu.be/j63KQPxOLus) +I recently purchased an upscale condo (in TX) and I love it. Quality of life is unmatched. As someone who is single and works from home, I love the idea of owning several condos that I can travel between whenever I want. Sounds very refreshing. I also find the idea of parking money in realestate as of recent a great idea. I want to be able to enjoy my "investments". But that's not awfully important. + +Where should I look? Specifically new & very upscale condos (think Porsche Design Tower in Miami) that are in/around major US cities which are a walk away from pretty much anything. Maybe the PDT isn't a perfect example for the latter... a little bit eccentric too... but I absolutely adore their interior design. That's by far the most important aspect for me, and appears difficult to find. Specific recommendations are also very appreciated. + + +Thanks. + + +Today i finally closed out my credit card after having it for 7 years. It has been one of the biggest stresses in my life and constantly the number 1 worry whenever i lost a job because i was not sure if i could meet the repayments in time. + +I started this card in 2015 with $5000, thought it was pretty manageable. In 2016 i jacked it up to $9000 and i was stuck ever since. I maxed out the card quickly and never got to paying it back. I did cash transfers as well to my other accounts and the interest stung like a wasp. I just chose to ignore it and not bother doing anything about it. + +The interest kept racking up. $220 of interest a month it peaked at and it stayed like that for years on end. I would pay the interest every month just to keep my neck above the water so it did not lapse and default after 60 days. One month i forgot and it almost did default. The Missed payment is now on my credit report as a result of that. I'm glad it did not get any worse. + +I never told anyone about this debt i had. I kept it all to myself. I didnt tell my family or friends. I didnt want my family to stress over it or be on my back about it too haha. I just kept it hidden from them and honestly from myself too. It was not until April of this year i finally realized i had to get my shit together. I'd be turning 29 in august and i wanted to make something of myself at least in my 20's, be it debt free or finally own a home. + +I was going paycheck to paycheck on a $86.7K a year salary. I had 0 dependants and lived in a 4 bedroom house with 1 other roommate. I was out of control. In April i had bought a brand new ipad i didnt need and a new TV i didnt need. After making these purchases i woke up the next morning and just realized what am i doing. It was like a massive come to jesus moment. To top things off as well i had just found out my mother was diagnosed with cancer as well. I realized time was running out and i had to act NOW. + +I heard about this book called "The Barefoot Investor" after seeing it some how come up in my recommended on reddit. I decided to get the audio book and give it a go. Once i listened to it, it opened my eyes entirely. Like as if everything finally made sense. The desire to go paycheck to paycheck on useless gadgets and food was thrown into the bin. I suddenly had this CRAVING to start saving. I started writing up budgets, cutting every single expense i could that i didnt need. I started tallying up all the useless gadgets i had around my home i was not using. I found i had over $10000 worth of things i could sell. That was going to pay for my trip to japan. + +I started writing up budgets and meticulously going through it weekly, ensuring i was staying on top. I used the bucket strategy from barefoot and i made sure i made separate bank accounts for all of them. I started to take things seriously and take control for the first time in my life. Last year i said i'd get myself debt free in 2022. I started the year off by paying off my car loan in January due to a job that paid out and my mate oweing me some cash. I slipped for a few months and continued bad habits but in April it all came together. + +Not even 3 months later, here i am with a cleared credit card. I'm on track to have my other debts (Zip Money and some DJ Gear i'm renting) paid off by the end of september. And then i'll finally be free. But to finally release the credit card has got to be one of my biggest achievements as of late. I won't be holding on to it. I'll be closing it out in full and cutting it up. I thought about keeping it for emergencies (until i make my own emergency fund) but honestly i'd feel better if i didn't at the moment. + +Not here to gloat or whatever. Just another success story. I've never been this excited to finally have control over my finances before and i can't wait to clear the rest of the debt and start my journey saving for a home! +GME is not a regular "solid" investment, a lot of apes have been following this for months and understand that this sittuation is bigger than you and me. + +It's important to reiterate that investing in GME is not investing into a once in a life time opportunity for a short squeeze, it's a once in forever because when this blows up, we will never see anything like it again. + +This is for all the new members who have joined Iver the weekend. The game plan is simple with GME, we buy the dips, we buy the peaks and we hold. + +We don't get interested in the price because its wrong, we watch the price but we don't care about it until it hits $5000 (why such a low number like $5000?, because once GME hits $5000 then we will know everything we have read is correct and the MOASS will happen. $5000 is not the MOASS, $5000 is just the confirmation that it's coming) + +So what happens when you hold past all the fuckery and the price reaches $5000? Not much, you continue to hold because we are just getting started. Apes are passionate about this cause and I trust every one of them and I believe they will not paper hand and sell for thousands. Again, GME is bigger than you and me. + +How high will the price go? Fuck knows but I can assure you you will not lose money by investing in GME so.. Why not? + +Us apes like to set our floor at around $20 million per share (the floor is the minimum we sell at, the ceiling is unimaginably high). I hear you think "$20million is abit ridiculous and childish, the price will never reach that high", well, you could be wrong. + +If/when GME hits a price of say €1500, then nothing can be done to stop of slow down the price jumping by 50% every hour for a week straight. It mightnt be a clean rise (as in we might see huge heights with huge dips, but we fucking hold). + +A lot of apes have the same mindset as me, its either all or nothing, we hold on for world changing money, not life changing money. + +Long story short, if your new here + +BUY, HOLD, VOTE (if you can) + +$20,000,000 is not a meme but you will need balls of steel to reach those heights. + +This is gamestop. + +Edit: this is not financial advice.... + +This post is flared as opinion so everyone attacking needs to chill! + +Also, everyone who's awarded and upvote, thanks so much! I did not expect that at all! ❤️ +I have a Rolex GMT master II for almost 20 years. Stop working, then took it to an authorized dealer for service. They said I could sell it for $13k in this market (I paid $3k). I don't know anything about investing in luxury watches or jewelry and curious if any of you do that. Is it as saturated as some said, any success stories you can share? +**Gary G and SEC associates, please don't let history continue to repeat itself.** Retail traders have been trying to get you to listen for decades about naked short selling, phantom shares, FTDs, etc. and they've offered up reasonable fixes for you to assess and add to your enforcement tool kit. Please don't pass this on to the next administration like its been done time and time again. ***Don't kick this can.*** + +Apes, my mind is royally f\*cked. Thanks to u/thabat and his ["cellar boxing" post](https://www.reddit.com/r/Superstonk/comments/pmj9yk/i_found_the_entire_naked_shorting_game_plan/), I fell like Alice down the rabbit hole looking to verify the things I was reading. + +^(IF YOU HAVEN'T READ HIS POST ALREADY, add some wrinkles. The market isn't open for another full day. You have time.) + +So the above mentioned post that's blown tf up had a long copypasta from a ye olde forum site called InvestorsHub by a user with the handle "*blurring*". That guy reposted the piece to the "Market Makers: Tricks of the Trade" board back in March of 2004. I dug around looking for the source to the "Market Maker Speaks Out: Ways of a Market Maker" but it appears the OP stayed Anonymous. I *did* happen to find this same copypasta posted only 8 years ago over on [r/ weedstocks](https://www.reddit.com/r/weedstocks/comments/1xydch/market_maker_speaks_out_ways_of_a_market_maker/)... and again in various locations from various dates. It's definitely made the rounds. + +But that got me looking for mentions of "cellar boxing" anywhere else, which led me to a page on the SEC site that logged all of the [Comments on Amendments to Regulation SHO](https://www.sec.gov/comments/s7-19-07/s71907.shtml) and more specifically, to the comment submitted by a Laura Stolk from July 15, 2008. Her letter to then Chairman Cox et. al is [here](https://www.sec.gov/comments/s7-19-07/s71907-663.htm). Her comment is what got flagged for "cellar boxing". + +***BUT ALL OF THESE COMMENTS ARE FROM THE APES OF 2007/2008 CRYING OUT FOR HELP BEFORE THE STOCK MARKET CRASHED.*** + +Seriously, take a look at some of these. My favorites are the ones submitted anonymously (because people get **real** when they know they can speak freely without getting busted) and the ones submitted by a Vijay Kumar. That dude commented 10 different times from July to October 2008. He *knew* how important this thing was. Take a look for yourself at some of these and things start to get real f\*cking spooky, because these people from 13 years ago were outlining the same problems and potential fixes that we've been hearing about from our DD heros all year. + +These stones have already been turned over. + +The problems have already been identified. + +Solutions have already been offered. + +And because we're journeying down this road again in 2021, I have to assume that all of that has been ignored... + +Some of the more interesting comments that seem to fit perfectly with us today: + +* It is a shame the Commission has continued to fail to simply enforce the existing regulations against NAKED SHORT SELLING, a practice harmful not only to individual investors, but to our economy as well. +* Using foreign exchanges to gain advantage in violation of the Reg. SHO, especially German and Canadian exchanges, must be stopped or Reg. SHO is rendered totally ineffective +* [This memo from September 2008 about a meeting with reps from Overstock.com and others outlined the data they brought to the table to show that Regulation SHO was doing nothing to stop their company from being slowly killed.](https://www.sec.gov/comments/s7-19-07/s71907-1436.pdf) +* Federal Regulation 240: 15c3-3(a)(5) needs amending to reduce the 140% number to 100%. +* [This dude explained the stock market TO THE SEC with a story about buying monkeys](https://www.sec.gov/comments/s7-19-07/s71907-1425.htm) +* Then chairman and CEO of [Overstock.com](https://Overstock.com) Dr. Byrne commented, "At the core of the SEC announcement is a decision that if a hedge fund naked shorts a stock, its broker isn't supposed to let them naked short again. But guess what: they were not supposed to naked short in the first place. Instead of giving the buyer who receives the fail the right to put it back to the naked short selling participant, the SEC once again opts for nerf penalties for financial ra\*ists. ***If the SEC were anything but a hedge fund bootlick***," continued Byrne, "it would not have taken the half-measure of a pre-borrow requirement applied only as a penalty for those failing to deliver within T+3, but would have instituted a market-wide pre-borrow requirement (as it did in its July 15, 2008 Emergency Order protecting Upper Caste financial firms), and mandatory buy-ins at T+3. + +ETC ETC ETC ETC......so many little nuggets of gold in these comments.... They're all pleading with the SEC to end naked short selling and to protect mom and pop retirement investments, etc. + +We aren't the first Apes, but we are today's Apes. And we will be tomorrow's Apes. + +I just hope we're the ones that this can end with. I'm ready for the MOASS to springboard us into a brighter future. Don't let this story end with a fat bank account. Let the fat bank account be the beginning of the main story. + +&#x200B; + +[Obligatory picture for the smooth brains](https://i.redd.it/wnfoqu57v2n71.gif) +My parents are haulers so they're gone for days to weeks at a time, leaving me (19F) and my sister (17F) home alone. Since my sister can't drive, I'm the one who does essentially everything for the both of us; grocery shopping, driving both of us to and from work, driving us both to and from college and school, etc... our external family offers to help but they always complain when the time comes around, so I've opted out of ever asking them and just to do everything myself. + +This has begun to take its toll on me physically since I've been doing it even before my parents got into this career and I have chronic illnesses on top of all of my responsibilities. + +One of those responsibilities is cooking. Granted, my sister will also cook sometimes, but most of the time it's me coming home from one of my jobs and cooking despite being exhausted because we don't have a lot of money to continually eat out. + +My parents don't care about this though. They will spend their last cent on eating out and don't eat what's made at home. I'm tired of cooking for a family of 4 to save money, just for them to spend $60+ on food (that they won't even package the leftovers of), and then ask me for anywhere from $40 to $500 because they have no money left. I barely have any money left as it is and I need to pay for my overdue summer tuition, groceries, dog food, etc... + +They don't plan their trips when they haul either so they'll stay at expensive hotels for just one night or order out from a bunch of restaurants on the road instead of planning ahead to save some extra money. + +I'm just tired of hearing them talk about how they made over $1k from a haul but spent it all on gas, hotels, and food. + +Edit: I'm trying to get around to thanking and responding to everyone's advice but it's a bit difficult. But thank you!! I've gotten a few comments telling me that they were proud of me and that admittedly made me start to tear up, but also I got some really great advice. I'm planning on going abroad next fall semester so I already have a lot of saving to do even with the scholarships I have, but hopefully I'll be able to find some side hustles to save some more for when my sister when I'm gone, and for myself when I come back. + +Edit 2: also, I'm not always solely paying for groceries and stuff, it's just very often where I'm paying from anywhere from ~30% to 100% of these expenses. These last few weeks it has been 100% of groceries and other things I've been paying for, but it varies pretty often. They also aren't like entirely broke, they just have very little left more often than not so they have to almost immediately go back out and haul another load just to make a little more. + +TDLR; I'm tired of being asked for money by my parents even though I take care of a lot of expenses while being a full time college student and taking care of my younger sister, just for them to spend money that we need unnecessarily. I got a lot of really good advice that I'm extremely thankful for and everyone here has been so nice! +Microsoft purchased Activision for 95 USD per share. Does that mean that when the deal goes through I as owner of some of their stock will be paid 95 USD per share and they will be removed from my account? + +Also, if that is the case, does that mean that buying Activision shares now is safe way to invest since you know that you will get 95 dollars per share and they are now trading below that value? + +&#x200B; + +Hope I'm not too off topic. + +Location| Rent | Price +---|---|---- +Jackson, MS | $1,273.00 | $149,629.00 +Memphis, TN | $1,402.00 | $169,835.00 +El Paso, TX | $1,188.00 | $145,190.00 +Greensboro, NC | $1,289.00 | $171,548.00 +Winston-Salem, NC | $1,283.00 | $174,133.00 +Tulsa, OK | $1,157.00 | $158,390.00 +Scranton, PA | $948.00 | $131,057.00 +Syracuse, NY | $1,136.00 | $158,526.00 +Augusta, GA | $1,179.00 | $166,950.00 +Columbia, SC | $1,200.00 | $171,631.00 +Lakeland, FL | $1,454.00 | $208,382.00 +Dayton, OH | $1,041.00 | $149,381.00 +Chicago, IL | $1,765.00 | $256,537.00 +Port St. Lucie, FL | $1,735.00 | $253,156.00 +Rochester, NY | $1,164.00 | $170,305.00 +Toledo, OH | $924.00 | $135,605.00 +Pittsburgh, PA | $1,183.00 | $174,533.00 +Youngstown, OH | $742.00 | $110,123.00 +Chattanooga, TN | $1,282.00 | $191,641.00 +Detroit, MI | $1,299.00 | $195,138.00 + +According to the data the offer for free download. +Economic principles should be determined by verifiable facts, observational evidence, and repeatable experimentation, not ideological theories and beliefs. Economists should be politically and ideologically agnostic. +Ok, I have to vent and this seemed like a good place to do so. I recently attended an event at a church where they were giving away new and used coats, boots, and other warm winter gear. Everything was donated. I have actually donated to this program several years in a row when I was doing well. I got there early and while waiting in line I overheard a couple talking. The girl was going over what brands to look for because the local used clothing store only buys certain brands. Once inside, I noticed there were 5 brand new winter coats. The couple each took one along with some others they had found. I tried on a medium one and it didn’t fit so I put it back. Immediately the girl came and took it. By this time she had her arms full and so did her boyfriend. I asked her if she found a large coat and she said yes but needed it for her large family. I ended up leaving with nothing as did many others. Those two pretty much cleared the place out. They left with 2 garbage bags and headed straight for the store where you sell clothes. I wasn’t following them, I had to catch a bus across from the store. I just cannot believe how selfish and greedy some people can be. They let people freeze so that they could get money. Who knows what they needed the money for, but with the way things are around here, I would guess drugs. I really feel sorry for the people who waited out in the cold with me only to leave without a coat. With the amount that couple took, we all could have had warm winter coats. The moral of the story; only take what you need. Other people are in need too, +https://www.cnbc.com/2019/01/03/goldman-sachs-says-apple-will-have-to-cut-2019-numbers.html + +* * * + +Shortly after Apple slashed its revenue guidance for the first quarter, Goldman Sachs said the iPhone maker will likely have to bring down numbers for the full year. As those results drop further, so will the company's shares, the firm said. + +"We see the potential for further downside to FY19 numbers depending on the trajectory of Chinese demand in early 2019," wrote Goldman's Rod Hall in a note to clients late Wednesday. + +The company sees first-quarter revenue of $84 billion vs. a previous guidance of a range of $89 billion and $93 billion. Analysts expected revenue of $91.3 billion for the period, according to the consensus estimate from FactSet. Apple blamed most of the revenue shortfall on a slowing economy in China in the second half. + +Apple shares dropped more than 9 percent to $143.70 in premarket trading after ending the first day of 2019 at $157.92. And Goldman's Hall slashed his 12-month forecast to $140 from $182. He also lowered his full-year 2019 revenue estimate by 6 percent to $253 billion and his full-year EPS estimate by 10 percent to $11.66. + +Nokia comparison +"We have been flagging China demand issues since late September and Apple's guidance cut confirms our view," wrote Hall. "We do not expect the situation to get better in March and would remain cautious on the region." + +But the analyst went further, comparing Apple to the fallen phone maker Nokia, which became reliant on customer upgrades in the face of a saturated market more than a decade ago. Customers delayed replacing their phones for longer and longer as economy slowed, Goldman notes. + +"Nokia saw rapid nexpansion of replacement rates in late 2007 that was well beyond what any linear forecast would have implied," wrote Hall. "Beyond China, we don't see strong evidence of a consumer slowdown heading into 2019 but we just flag to investors that we believe Apple's replacement rates are likely much more sensitive to the macro now that the company is approaching maximum market penetration for the iPhone." + +Goldman got to its new price target by applying just a 12 multiple to the firm's new earnings estimate. Its previous price-earnings ratio was 13.6. +[Jeff Bezos Says He Is Selling $1 Billion a Year in Amazon Stock to Finance Race to Space](https://www.nytimes.com/2017/04/05/science/blue-origin-rocket-jeff-bezos-amazon-stock.html?_r=0) + +What does this mean for the stock? +Wow guys, finally pfizer just announced there will be an emergency autorizhation application at the end of november, this is great news for the world, as for the stock market, expect huge volatility now, people will run from the Pandemic plays and run to more industrial names here is the link for the complete study: [CINICAL STUDY](https://clinicaltrials.gov/ct2/show/NCT04368728?term=bnt162b2&draw=2&rank=3) + +[NEWS](https://ibb.co/vP3HB5F) +When I first started trading I looked for the perfect strategy, 3 years have passed and I haven't found the "holy grail" strategy. + +But I did find a pretty good one. One of the major problems beginners have is when should they buy or sell a stock? What do you EXACTLY do? + + +The Strategy: Heikin Ashi + Stochastic RSI. + + +Heikin Ashi is a wonderful chart type that cuts major noise. It's a lot different than your regular candlestick charts. You get a series of green/red candles and the calculation is quite different. + +Step 1. I look at the trend of the Major index. + +I live in India, so I track Nifty50, you may track your country's index (Dow or something). I look for the trend and confirm the trend on multiple setups. + +If the stock has positive correlation with the market, and the market is up, I look for buying opportunities. + +If the market (index) is down, I look for shorting opportunities. The correlation with the market matters. + +Some stocks have negative correlation i.e. The market goes up and the stock goes down. If the stock has positive correlation and the market is up, I usually avoid shorting. + + +Step 2. The Trend of the Stock. + +You can use something as simple as the 50 or the 200 simple moving average to find the trend of the stock. + +After that I draw a few support and Resistance zones on the chart. Not a lot, usually around 3,maybe 4 occasionally. + + +Step 3. Confirm the trend. + +I use a 4x time frame chart to confirm the trend. For day trading I use 15 minute chart and I confirm the trend on a 1 hour chart. + +For swing trading you can use 30 minute chart and confirm the trend on the 4 hour chart. + +If the 15 min chart is bullish and the 4 hour chart is bearish, I avoid trading. + + +Step 4. Use Heikin Ashi. + +The rules of heikin ashi are simple, two continuous closed red candles = bearish trend and two closed continuous green candles = bullish. + +There are other rules regarding the size of the candle and the trend. + + +Step 5. Stochastic RSI. + +I use the default setting usually, and if the RSI is below 30 and rising up, when the heikin ashi has closed two green candles, I buy. + +When the stochastic RSI is above 70, coming down, and there are two red candles on Heikin Ashi, I sell. + + +Step 6. Entry. + +The 4th and the 5th point will give you the entry signal. I use a stop-loss above the high of the candle (previous) or some other way. + +The risk is always less than 2%, if my capital is 10,000 the risk per trade is less than 200 bucks. + +To find out the number of shares to buy you can watch my video on position sizing, or any other video on YouTube. + + +Step 7. Exit. + +When the trend continues and I see an area of resistance (long trade) I exit my position. + +Or when two continuous red candles are closed on Heikin Ashi. If the candles are red but the size is very small, I don't exit. + +Exit= Major Support /Resistance or two continuous closed candles in the opposite direction with decent size. + + +Some Thoughts. + + +The Win Rate of this strategy is theoretically 80%, but in real trading it falls to 65-70% considering that your stop loss is hit. + +That's still a good success rate. The risk reward is usually uncertain but it's above 1.5:1 (usually). + +The more rules you add, the lesser opportunities you get. + +If 2 rules out of the 7 rules are violated, or if a major rule is violated, I DON'T TRADE. + +This definitely decreases the opportunities I get, but my win rate is higher and I am more confident with my trade. + +You can modify the strategy according to what works for you. I learnt it from my mentor and made a couple of changes. + +This may not work on every stock (no strategy does) and it is good in TRENDING MARKET. In a sideways market it either doesn't give signals or doesn't work. + +-Vikrant C. + + +Edit: I'm thinking of making a video on this strategy along with examples, comment below if that is something you'll be interested in. + +EDIT 2- I UPLOADED THE VIDEO! I've given the link in the comments section. + + This is my first video talking about a strategy, so it might not be the best video. But I hope it helps. + +LINK IS IN THE COMMENTS. +Seriously if you can’t sleep at night because Bitcoin fell 20% then you have too much of your assets allocated to it. Bitcoin is volatile. It will swing a lot in both directions. You need to be able to handle the volatility. If you can’t handle the volatility then don’t put so much of your money into it. If you only put 20% of your money in Bitcoin and the price falls 20%, then that’s only a 4% drop in your net worth. If Bitcoin is 50%, then that’s a 10% drop. If you cannot handle these swings then to need to lower your exposure. You should not be up at night wondering how much money you may gain or lose the next day and how it will affect your financial situation. This mostly goes for losing money though as no one seems to think they’re over leveraged when they’re making money. + +Edit: I meant overexposed not over leveraged. +I’ve reached my first goal of $100 growth in my portfolio! ET pushed me over the edge today and I’m happy! Additionally I have $12.67 of dividends. I started investing in December and my portfolio value is just over $1864 now! + +Edit: Thank you guys so much for all the upvotes and whoever gave me a silver! I’ve really enjoyed being in this sub and it’s helped me a lot since I’ve started! +Are you still adding recovery stocks to your portfolio? If so, what types? Cruises? Airlines? Hotels? + +I've been heavily investing in them since March / April. Having seen considerable returns on them, I'm contemplating doubling down. Interested to hear what stocks you're still buying. +I log into this Roth account every morning to check. **This morning, the close price from yesterday ranged from $5 - $550 every few seconds.** I already DRS'd my regular shares into Computershare, and these shares will now follow the path that others have blazed for IRA shares. + +&#x200B; + +I will say from the moment I bought into GME I have been uncomfortable that brokers can play with our money. That feeling is only confirmed by all of this Fid Fuckery! + +&#x200B; + +Cone Poo Chair is the only true path and we all know it. Stop wasting time and join me in a Roth transfer wave! + +See you on the moon! 💎👐🦍 + +https://reddit.com/link/r6gbdi/video/xrzpx1ll2y281/player +Hey everyone, + +Looking for a bit of guidance, hopefully my story makes sense and is okay to be posted here. I've been working in sales for a local company making decent money for about 3 years now. I get about 40k before commissions, which in good years normally brought me up to about 55k-60k. However, right before the coronavirus hit, I had been struggling to reach goals for a few months and thus was being targeted to be let go for not performing high enough. Once coronavirus hit, the corporation which owns where I work put a freeze on all layoffs or firings, so my job is safe (for now). + +Now 6 months later, I'm technically still on their "performance plan" from before the virus, which is their way of saying if I miss goal again I'll be let go, but the freeze from corporate is also still active. Sales for the entire company are down 40% from last year. However, I have been one of the top performing reps in my department through the entire virus (though still not hitting goal, almost no one is), so I was starting to feel confident I could hold the job a little while longer, at least till things clear up and more opportunities arise again. However, last week I received a buyout offer for about $17k (About 4 months pay+ paying all my leftover time off), plus they'd pay my and my wife's health insurance for 4 months, and I could file for unemployment. As generous as it is, it made me feel if I say no, they may turn around a month or two later and fire me with only a small severance at most. + +This has spurred me to begin looking into alternate careers. Sales has really burnt me out, nothing is ever good enough and your past accomplishments mean nothing. I don't find the work stimulating anymore. Of course, now that comes with figuring out what I want to change to and making that happen. I've been interested in programming, and have begun a bootcamp to learn that quickly, but it will take 3-6 months by their estimates to complete a basic certification, and who knows if that's enough to actually start getting decent income on. + +So, my situation is: Do I stay with my current company while trying to learn coding as fast as I can, do I look for another sales gig to keep me afloat a little more safely while I learn, or would it be plausible to find something in a non-sales field now with just a bachelors in business? My wife brings in some money and we have some savings, so we'd be okay for 4-6 months but dipping into our savings pretty quickly if I take the buyout and can't find another job. + +My other question for you all is, if I take the buyout, does that look bad on me like a firing does? I've never lost a job before. + +&#x200B; + +Appreciate any and all advice, trying to stay positive but it's quite a big moment I feel and I'm not sure what to do. + +&#x200B; + +**Edit**: thank you to everyone for the advice! I was not expecting nearly this big of a response but it's really encouraging to see, and you've all been a great help. Sometimes people with an outside perspective can be really helpful for personal decisions. + +After reading and discussing many of your thoughts with you all, my wife reading many comments here, and her and I having a discussion, we've come to agree with pretty much every single responder, and take the buyout. I'll probably work on getting qualified for something more like a sales engineer or another customer facing more tech oriented goal. + +I did receive some extra info from hr which likely answers many peoples questions: I would be staying on until 10/16, basically giving me 3 more weeks of runway to find a new gig. She's confident I'll be able to get unemployment because we'll both be signing confidentiality agreements, but to be honest I'm not so confident in that. It doesn't change the outcome though, even without UI, the buyout is the safest route. + +Also want to throw a special thank you to those of you keeping my coding expectations in line, I've altered my short term goals with it all in mind. I'll be working on learning the basics for now, and using that to the best of my ability to wheel into something more technology focused. +As the title says, what's the worst advice you've used. + +I'll start, when i was looking for a place to own, i used to read a lot online about how apartments were a good investment and a great place to live. + +After i actually did go out and buy an apartment, i was pretty much destroyed by my parents for making such a stupid decision from their point of view and when i finally sold the apartment 3 yrs later, i had sold it for 30k less. + +That's when i learnt about the difference between house and apartment market. + +My parents still bring up my mistake from time to time. +[https://www.marketwatch.com/story/gnc-files-for-bankruptcy-with-plans-to-close-up-to-1200-stores-2020-06-24](https://www.marketwatch.com/story/gnc-files-for-bankruptcy-with-plans-to-close-up-to-1200-stores-2020-06-24) + +GNC Holdings Inc. [**GNC,** **-6.89%**](https://www.marketwatch.com/investing/stock/GNC?mod=MW_story_quote) filed for bankruptcy late Tuesday, as it expects to accelerate its plan to close at least 800 to 1,200 of its stores. The stock has been halted for news since late Tuesday. The vitamin and wellness supplements retailer, with about 7,300 stores as of March 31, said its stores will remain open, as the company has secured $130 million in liquidity, including $100 million in debtor-in-possession financing and $30 million from modifications to an existing credit facility. GNC, a majority of its secured lenders and Harbin Pharmaceutical Group Holding Co. Ltd., an affiliate of GNC's largest shareholder, have reached an agreement in principle for the sale of the company's business for $760 million, which would be executed through a court-supervised auction. The stock has rallied 74.2% over the past three months through Tuesday, but has tumbled 70.0% year to date, while the S&P 500 [**SPX,** **-0.66%**](https://www.marketwatch.com/investing/index/SPX?mod=MW_story_quote) has slipped 3.1% this year. +I own a duplex in San Diego where I have about $500k equity, and yielding about $20k per year cash flow. I bought in 2017 and house hacked. Converted a detached garage to a 1 bd 1 bath. + +The argument to sell…I’d get the equity capital gains tax free if I sold it before May 2023 (used to be my primary residence). It’s about half of my net worth. + +The argument to hold… San Diego has appreciated so much so fast which could continue over the next few years and the property is in an opportunity zone that could be re-zoned to multi family in the future or through submitting proposed plans. + +On a personal note, I’m a little concerned about California long term, between drought, climate change and people seemingly leaving the state. But I’m generally more paranoid than most. + +Should I sell before May or hold for a longer term? +Inspired by the original compound trade challenge by u/jakekustardmustard I have decided to aim for the skies and bet my way to guaranteed financial freedom. + +Starting coin: $5,000 + +End goal: $500,000 + +% increase required each trade: 15% + +Number of successful trades required to goal: 33 + +Name of the game is simple. Keep reinvesting the lot into a different ASX ticker until the goal is reached. The odds are already stacked against me so I’ll return to already bought stocks if I feel like it. + +If by some divine miracle the almighty Tom gets me to half a million the idea is to quit my job. It’s actually not a bad gig, just hate working in boring industries. + +So ASIC doesn’t finger me as the next ASX Wolf & you all don’t banish me to the pump & dump badlands of Facebook I will be posting my trades post completion. Given this will likely fail prior to trade 5 neither should become an issue anyway. + +Initial $5k parcel was purchased this morning. Praise be Daddy Elon & all you fellow autists. + +https://preview.redd.it/rnqnf6xegn981.jpg?width=624&format=pjpg&auto=webp&s=239e6787ee8275d2d6db1eadfb62d3f235c8dca4 +Has anyone here ever invested in Puerto Rico? Due to the economic downturn in Puerto Rico over recent years home values have dropped by as much as 25%. It’s now very easy to find 3-5 bedroom homes that are in need of repair for less that $100,000. Some, as little as $30,000. When it comes to property taxes, you won’t pay any for as long as the home is your primary residence and the home value is less than $150,000. My father and I went there in 2018 to look at a 3 bedroom condo for sale for $100,000 right on the beach. With each bedroom window overlooking the ocean. When it comes to AirBNB, a 3 bedroom home will easily rent for $2,000 plus for a single week. Does it make sense to invest in an island that has huge potential for growth but is currently on the decline? +Hello everyone, so I recently leased my house and the tenants decided to pay me upfront for a whole year worth’s of rent (which is great!). My dilemma now is what should I do with the money? I know I can pay the lump sum to the principal of the mortgage which would mean I would not pay interest on 30k USD over the course of the 30 year mortgage (I got my house last year). This sounds good on paper however my interest rate on the mortgage is 2.75% and I thought I could maybe invest the money elsewhere, which would lead me to a much better yield and thus even if I had to pay the interest the profits from the investment would offset this. + +Any recommendations on what is the best path here? +Good luck today. [Here's some WSB stats.](http://wsb.gold/public/dashboard/e65fcfcb-70a4-4d86-b7fb-888057c67881). + +If you missed the memo the other day: commenting on the Daily Thread (not this) and submitting are now restricted to 30+ day members only. There's a chance it'll mistake you for a noob if you don't talk much. Sorry. As a reminder to all the new people here, we don't talk about tickers below 1 billion market cap. Do us a favor and read the rules if you haven't. They're on the sidebar. +Even though the market has dropped a bit, it's still so hard to find value picks. The drop has hit growth stocks majorly. Any particular sectors/companies that you guys are focussing on that show good value for investment? Would be great to hear people's thoughts on the current market conditions. Thanks :) +NIO just did it, and so did NVIDIA!! + +>At NIO Day, the company’s annual customer event, the EV maker revealed its NVIDIA DRIVE Orin-powered supercomputer, dubbed Adam, which will first appear in the ET7 sedan that will ship in China starting in 2022.... +> +> +> +>... As the first of NIO’s EVs to feature Orin, the flagship ET7 is a high-performance vehicle that accelerates from zero to 100km in only 3.9 seconds. It also features a new 150kw battery for extended mileage range. +> +> +> +>Source: [https://www.globenewswire.com/news-release/2021/01/09/2155851/0/en/NIO-Partners-with-NVIDIA-to-Develop-a-New-Generation-of-Automated-Driving-Electric-Vehicles.html](https://www.globenewswire.com/news-release/2021/01/09/2155851/0/en/NIO-Partners-with-NVIDIA-to-Develop-a-New-Generation-of-Automated-Driving-Electric-Vehicles.html) +I recently went from minimal liquid to $14m overnight. I’ve got about $1.5m that I’ve trickled into equities and the rest is cash at the moment. I’m wondering how some folks would approach getting into the market with all of the volatility at the moment? + +Thanks to everyone on here btw. This forum has helped me a lot. + +Edit: + +Thanks so much for the wonderful replies. My financial advisors are using DCA which I learned about yesterday. Going to let them slow roll things. I’m 42, no crazy rush rush to retire or get richer. I was not born with the silver spoon, so this is a huge learning experience(money). +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Has anyone ever done the same fuck up as i did , received a 5.17$ PSEC share in robinhood last year and got paid a 0.06$ dividend . Forgot to report it. +Should i report it before the deadline or should i do the whole tax filing from the start ? + +Edit: This got so many helpful comments , i love you theta gang +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 shouldn't have to be doing surveys that pay 0.60 cents each. I shouldn't have to be selling my belongings. I shouldn't have to sell illicit photos online. I shouldn't have to give up every single thing that makes life enjoyable to have any form of savings. I have two degrees and a full-time job. Why isn't my full-time income enough??? I shouldn't have to do any of this. +I'm 23 and my parents had me later in life. Both receive social security (totaling $3,000). Since I graduated I've been paying whatever their ss doesn't cover. I'm losing money paying their bills -I've given them over 10 grand already. I dont know what steps they should be taking now and they dont either. +They have about $30,000 in credit card debt and the payments are about $550 a month. At first they thought about moving but I doubt they'll find anywhere cheaper (mortgage is $685 a month plus $210 hoa) . i was dropped from the family Health insurance once I graduated but the insurance said they would not lower the per month cost since my brother is still on the plan. This bill is the biggest $921, but theres car insurance, home insurance, cable (they refuse to drop this and honestly they dont do much but eat and watch tv). +I have heard people suggest filing for bankruptcy, reverse mortage, my parents want to do a home equity loan but at this point that will just go to the credit card bill and I dont think it will improve anything. We're in florida if that changes anything. I just feel so out of my depth and I dont know what direction to go in. Is there any advice for this situation? + + +Okay edit: holy shit thank you all for responding. I'm slowly reading through comments, I guess I'll try to answer some common stuff up here +1. I do plan to stop paying, I set up a budget for them months ago and they didn't cut back or change their lifestyle. This is just so I can offer them with advice. +2. The scary thing is my parents do have small part time jobs. mom hasn't worked since I was born, but right now she pet sits for friends thought that amounts to maybe $50 a month. Dad works at the grocery store and they cut his hours recently so he gets maybe $200 a month. +3. The health insurance said because I was no longer a student I wouldn't be covered so I was sort of forcefully removed from the plan. +4. Before I started voluntarily giving them money, my parents were taking money from my brother's account since they had access. They took almost $7000 from him. I dont want him to have to think about any of this, he's 21 and he worked hard to get scholarships and is paying his way through college like I did. So I wont involve him any more. +4. My dad is 76, mom is 62. He is on Medicare but I have no idea how any of that stuff works so when he told me what the bills were at first I just assumed that was already the only option they had. + +When I'm home tonight I'll post concrete numbers of the bills I consistently pay. I have access to their bank account and I send out all the payments after I transfer my money to their account. +Thanks again for all the advice, I feel like an idiot for not figuring this out sooner but I was just nervous to look into this at all for a while + +UPDATE: I am not feeling like a good son (not that I could, its 2018 and y'all assumed my gender). I have an older half sister that I confided in as a result of all this, she lives nearby and wanted to meet with my parents and I to help us plan finances. I told my parents and asked them to come with me. This was a very bad move. Lots of drama ensued but this is personal finance not personal drama. Parents said bankruptcy is "morally wrong" and they will never use that option. They are going to sign the home equity loan. I told them if that's their choice I can't offer them any more money once I disentangle myself from their bills. All I can do to help them now is remove myself from their bills. I'm very disappointed in all 3 of us for not being able to work together cooperatively. Thank you all for your advice, I just have to worry about my own budget now. +I remember hearing about a new revolutionary currency that was going to change the world, bank the unbanked, and allow anyone in the world to instantly send each other money. The plan was about peace, love, harmony, and bringing the world together as one. When I look at reddit, twitter, forums, or the news, the only thing people are talking about now is the market, and how much the prices are going up. Did everyone forget what the original plan was? + +Sure the markets are great for media exposure, but wow did things change in the past few years. Money has converted this movement into a war. Greed has taken over. People are more concerned about their coin "going to the moon" than helping others. + +I realize I sound like a hippy, but I'm just throwing my thoughts out there. I hope everyone enjoys the holidays, a time to consider helping each other. +Wondering if anyone knows about Pornstar Finance. [https://www.pornstar.finance/](https://www.pornstar.finance/) Lots of people in the telegram and seems like they are doing things. I'd like to know if it has legs. +Ever buy in bulk to save on the per unit cost? The battle to get your money's worth used to only be whether you would use all of the bulk items you bought. Beware, I've noticed Amazon sellers taking advantage of this assumption and charging more for bulk buying. + +I don't know if they prices will show up the same for everyone, but as an example 1 Qt of oil is $6.47. A 5 Qt jug is $7.69 per Qt. A 3 pack of 5 Qt jugs is 8.02 per Qt. A 6 pack of 1 Qt jugs is $9.85 per Qt. + +<https://www.amazon.com/gp/product/B000KKNBGK/ref=oh_aui_detailpage_o08_s01?ie=UTF8&psc=1> + +<https://www.amazon.com/Pennzoil-550038332-Platinum-5W-20-Synthetic/dp/B00ELHNKB4/ref=pd_bxgy_263_2?_encoding=UTF8&pd_rd_i=B00ELHNKB4&pd_rd_r=5R6P0Z3CPBBJW06NMBNJ&pd_rd_w=KZ8MD&pd_rd_wg=rb1MA&refRID=5R6P0Z3CPBBJW06NMBNJ&th=1> + +<https://www.amazon.com/Pennzoil-550038332-Platinum-5W-20-Synthetic/dp/B00ELHNKC8/ref=pd_bxgy_263_2?_encoding=UTF8&pd_rd_i=B00ELHNKB4&pd_rd_r=5R6P0Z3CPBBJW06NMBNJ&pd_rd_w=KZ8MD&pd_rd_wg=rb1MA&refRID=5R6P0Z3CPBBJW06NMBNJ&th=1> + +<https://www.amazon.com/gp/product/B004SM88OQ/ref=oh_aui_detailpage_o08_s01?ie=UTF8&th=1> + +I've noticed this tactic at local grocery stores too. Be sure to calculate the per unit cost when buying anything these days, folks. + +Edit: Sorry about the notifications, no idea why it happened. Many people I talked to IRL were shocked when I told them about this, so I thought I'd share for the people who don't know that paying more for bulk is becoming a common practice. + +Edit2: This has blown up a bit, with a surprising number comments about toilet paper. I always get the big Charmin pack from Costco. +I see many posts of people trying to double their accounts selling high delta, usually on high growth tech. Im not knocking it, just curious if anyone out there like me with a much more “basic” strategy. I’m sitting on a large portfolio and perfectly happy selling low low delta/way OTM calls with little risk of being assigned, I do occasionally have to rollout but rarely. I usually close at around 70%. These pennies add up and usually end the year with an added 4-6% from my CCs on top of whatever my portfolio returns. My portfolio mirrors and performs closely to the index so I’m very happy with this when I add it to my portfolio appreciation. I will never return more than this but I’m ok with that as I see this as basically “free money”. The stocks I own have little chance on running a crazy amount on me in the 30 DTE I usually sell as I avoid earnings. Any similar “boring theta-gangers” out there. +The billionaire investor gave away $2.9 billion worth of stock in his holding company Berkshire Hathaway (BRKA), according to an official filing Thursday. He's now made a huge donation 11 years in a row. +This year, Buffett is giving 19.6 million Class B shares to five charities. The bulk of the money, $2.2 billion, will go to the Bill and Melinda Gates Foundation. +http://money.cnn.com/2016/07/15/news/warren-buffet-billion-charity-donation/index.html?section=money_topstories +Charity Coins have a lot of action with them right now, and for good purpose - who doesn't want to help out a good cause? But most of these coins are donating to help save pets or "The Planet Earth." That's all well and good but I've stumbled on a coin that might actually make an impact on some HUMAN lives - $JUDE. The Dev for Jude has decided to put his time and money to the cause of helping to fight Childhood Illness and Disease. + +For every transaction that takes place 2% is sent to the donation wallet and once per day he donates to St. Jude Children's Hospital. The first donation has already been made! Regardless of your religious affiliation I think most people can agree that what they do at that hospital is for the greater good. And honestly, the recipients of our chairty couldn't be a better group of people - the young future of our world. + +Info: + +— Telegram: https://t.me/STJUDEBSC +— Website : judebsc.info +— Twitter: https://twitter.com/BscJude?s=09 + +— Name: (JUDE) + +— Token Blockchain: BSC BEP-20 + +— Address: 0xdf6b2112c9d7ec7ea9f65a23a2e8e5bec562426f + +IMPORTANT NOTE👉 + +Two percent of all transactions will be donated to a Children's Hospital. Jude just made its first donation today and you can check our Twitter for proof. + +Dev put $20000 of his own money to fund this project. + +LP Locked + +$200k market cap today meaning possible 10x to 1000x on your return of investment + +*The more this project grows, the more we can help children in need. We will be making more donations with proof. We are here to make a difference. +NFLX -37%, TSLA -22.50%, AMZN -16%, FB -13%, GOOG -9%, MSFT -10%, AAPL -5%, ... Considering big market cap of these stocks, it is a huge drop worth billions. And this cash is gone, sold to maintain their overleveraged position against GME and other overshorted stocks. Margin is in danger, hedgies r fukt and their collateral will soon look like the smallest wee wee in the Milky Way. +People have been asking for this from way back. Yet, it got devastated when I posted it the other day... so here's the repost... please keep it near the top!!!!!!! + + Hi all. Sorry it's been so long but it continues. I think what I have so far will explain all of this process. + +1. All IRA shares (Roth or Traditional) require a custodian. Your custodian can't be ComputerShare. However, IT DOESN'T MATTER! Why? No matter who the custodian is, the shares exist and are registered at ComputerShare (not the DTCC/Cede) Hooray!!! +2. Who is your custodian? It's your broker. And there is nothing we can really do about this as far as I know. Someone correct me if I'm wrong but from 1)... IT DOESN'T MATTER!!! +3. Now comes the fun part: First, I got all the info from CS.... It's all in the images. I use schwab, but the process is the same. The shares get transferred to CS and removed from DTCC/CeDE. The custodian remains the same, love'em or hate'em, it's you broker holding the account. +4. When doing the transfer, make SURE YOU TELL THEM it needs to classified as an IRA retirement account and either taxable (Traditional IRA) or tax exempt (Roth IRA) Also, if you've already done something like this and it wasn't meant to be a distro, chat with ComputerShare and see what the alternatives are like I did. + +WARNING!!!!!! The 'OOPS' I refer to is that Schwab told me that I couldn't rollover and I had to take a distro. THAT IS WRONG. As you can see, it's not how it's done. The rep I got told me how it's done. I am now reversing the transfer from being a distro to being a DTC transfer. ComputerShare has it's own department for handing screwups like this. I, specifically, told Schwab I wanted a transfer 'in kind' of my shares and they told me that there was no way to do it. Now, it seems I got a more knowledgeable rep who told me EXACTLY how to do it. + +&#x200B; + +https://preview.redd.it/ytcxptrwvx481.png?width=368&format=png&auto=webp&s=4a4beb7ad9e5c4fb4e64d43601a582d08444db76 + +&#x200B; + +https://preview.redd.it/1utdtscyvx481.png?width=355&format=png&auto=webp&s=db557952a3cf404fd84ee1a0469f425ee932c596 + +&#x200B; + +https://preview.redd.it/gotc8wy0wx481.png?width=362&format=png&auto=webp&s=c78849277ca5420894410c3c4519f708b26cc847 + +&#x200B; + +https://preview.redd.it/3deooie3wx481.png?width=362&format=png&auto=webp&s=66acb88ec9b8dd83574feff0e38bdafaf317d113 + +&#x200B; + +https://preview.redd.it/svuahxq5wx481.png?width=317&format=png&auto=webp&s=587ce217696aab72ffad1135663caa5249b9b877 + +&#x200B; + +https://preview.redd.it/upasrez6wx481.png?width=322&format=png&auto=webp&s=8bc852a92b092d1417eab86609402a9da35c6790 + +&#x200B; + +https://preview.redd.it/ag7lxkl8wx481.png?width=329&format=png&auto=webp&s=08d90652d5f6df989e4764cbbfd7ba04a798ef14 + +&#x200B; + +https://preview.redd.it/4bssswhawx481.png?width=320&format=png&auto=webp&s=fa874a248622374303c20ee731b0ec4da5171078 + +&#x200B; + +https://preview.redd.it/diogq16cwx481.png?width=333&format=png&auto=webp&s=a995788a3f1d13f1401dfd5e162facb53b429d09 + +&#x200B; + +https://preview.redd.it/tm4z6spdwx481.png?width=333&format=png&auto=webp&s=b079f1321f07e428e5fa65f5c428666f5b08c718 + +&#x200B; + +https://preview.redd.it/wgm33ptfwx481.png?width=329&format=png&auto=webp&s=3cc6f30a923d9e732a61f02a79db535d88faa7cf + +&#x200B; + +https://preview.redd.it/hym4ypbiwx481.png?width=427&format=png&auto=webp&s=9f62dd3a1df4678337b55ac3d9cee33eb56fc146 + +&#x200B; + +https://preview.redd.it/o2aais3kwx481.png?width=430&format=png&auto=webp&s=d0dc06f6039ee1ad14c1f4443c5b04b016ebae5a +Ok now that I got your attention I'll say there is a time and a place for the wheel. The last year wasn't it. + +The last year was a raging bull market where stocks hit new highs every week. and if you didn't realize this until now you've lost out. It took us under 3 months to hit new ATH from the bottom. + +--- + +The point of the wheel is to sell puts on **stocks you dont mind owning** +=== + +--- +thus you should be ready and have the capital available to take at least 100 shares. + +The primary reason is that even selling an ATM put is only 50 Delta. And I know most of you aren't selling ATM. You're missing out on another 50 delta's worth of exposure in the greatest bull market we've seen. These puts only pay you once while owning shares and selling a call gives you appreciation + premium + dividend. You end up getting a delta far greater than 50. + +--- +But what If the stock hits my short strike!!!????!?!!?! +--- + +Well my friend... you roll up and out. you can **ALWAYS** roll for a credit. And I know there was a huge thread with a guy who doesn't understand rolling. These are stocks you want to own. That means long term. ok so you bought back your "loser" with the premium from your roll. You still make a tiny bit of credit and can move your strike higher out and keep on letting theta decay. The main problem I see with people are selling weekly CC which is the theta gang equivalent of WSB. by the time your short strike is tested you have very little extrinsic value you left so rolling costs you more. + +--- +over the last year if you bought, held, and sold calls you would have been much more profitable. any big name stock has had multiples in returns over the last year. **I'm not saying you can't make money selling puts** I'm just saying over the last year selling calls would have been the best way to go. **puts have their place if you didn't actually want to own the shares and you wanted more capital efficiency** but selling 20-30 delta puts all year and your favorite stock would have appreciated past your cost basis. + + +Hindsight is 20/20 but it's something for you to think about. Are we still in a raging bull market? did we hit a minor top and will hover sideways for a few months? if so then puts can work out. +Microsoft will buy troubled games company Activision Blizzard, maker of Call of Duty, World of Warcraft and a bunch of other popular games. Should provide some interesting synergy with Microsoft owning Xbox. But as Activision Blizzard has suffered serious controversy lately with allegations of serious sexual misconduct against female employees. + +What do you think? Good move? Bad move? MSFT a long-term winner or loser? + +https://www.cnbc.com/2022/01/18/microsoft-to-buy-activision.html +First thing, I have absolutely NO issue with people calling out the mods when they are wrong. BUt to call it embarassing is too much. The only thing "embarassing" was how quickly apes here were ready to turn on the mods. These people spend hours a day keeping us informed, updated, and in this fight. Maybe today didn't go perfect on the live YouTube but to turn on them so quick makes me think that is all FUD. + +And if it isn't shill accounts trying to get us to turn on each other then that is even worse. You all that posted for mods to step down, not speak, etc. should be ashamed. + +I stand with the mods. Y'all keep doing what you're doing, correct yourself when wrong (as you have), and the important people will stick this out. +So I'm in my fourth and last year of undergrad at a University in Europe. In order to graduate, weare required to write and present a senior/bachelor/undergrad research thesis/paper. We have to get a professor to advise and lead us, do our own research, be thorough... Key requirement is obviously some form of econometrics in it, be it a simple model or a thorough application. Obviously, the better and closer it is to an actual paper, the better grade we will get. + +I want to finish things off the right way, so I want to challenge myself to write a good thesis. The top papers get a small recognition and besides, I want it for myself. I'm gonna pursue a PhD and so I would like it to be a first good step in economic research. + +The only problem is, I can't come up with a good topic that isn't repetitive (each year a lot of theses cover very common stuff like effects of minimum wage on economy X, TPF differences, effects of education...). I'm not trying to shoot for the moon here, I just want to be a bit more original. A lot of older guys told me look for something easy and that I can get data for quickly, but I don't want it to be easy. If I can impress the committee and create something good, I'll be satisfied. + +I've taken many econ courses, done a study abroad, explored different areas and I have specially taken a lot of econometrics, math and stats courses (Stats I and II, Calculus I and II, Linear Algebra, Differential Equations, Econometrics I, Time Series, Advanced Econometrics, Microeconometrics, Applied econometrics) (yes my school has a good metrics program). I have also taken other econ and applied econ courses (Game Theory, Dynamic Macro, Behavioral, IO, Advanced IO, natural resources and environmental econ, labor market discrimination econ, development econ, intl trade, regional and urban...). I've also taken finance and data mining courses. + + If I had to choose a few of these that I "love" (although there's no such thing as an econ course I disliked), I would say anything math-intensive, like anything econometrics, Game Theory and Behavioral. As for model-based courses or applied econ, I loved nonmarket valuation (environmental and natural resources) and Labor (although I don't want to turn to cuteonomics). + +I know I have to come up with the topic myself and not ask around, but I would love some insight from other people who had to do the same thing or that can just chip in with thoughts. +This is not good for anyone in this group… + +[Canadian Dollar no longer tied to oil price](https://globalnews.ca/news/8666316/canadian-dollar-oil-prices-inflation/amp/) +This is not good for anyone in this group… + +[Canadian Dollar no longer tied to oil price](https://globalnews.ca/news/8666316/canadian-dollar-oil-prices-inflation/amp/) +Seeing the chart of IRCTC, I am beginning to regret not buying it on the listing price. + +The experts felt the the rally towards ₹900 was like something on steroids. But, now it around ₹1500. + +[Irctc](https://i.imgur.com/48ir498.jpg) +Backstory: Wife went to ER for my son in 2018. Put my name as the responsible party, her address, and her insurance. Of course, I'm not a customer with that insurance company so it defaults. I've never received bills in the mail or anything. Fast forward to April and I'm in collections + +Had an account go into collections. I call the originator and they agreed that she should've been the responsible party. I fax over divorce decree and they delete me from their system. Cool + +Call the debt collector and explain the same thing and that the originator removed me etc etc. They say it doesn't matter because we are both the parents even if we divorced. + +I have non-emergency funds to pay the debt ($2k) just to get rid of the headache. Suggestions or advice? +Hey. So my husband and and are in our mid 50s, so about 10-15 years until we retire. We have been buying rentals since 2003, so we have a lot of equity and good cash flow. I have been starting to pay off our properties because I want to go into retirement with no mortgages. Sine paying off 10 properties takes time, I am funneling my cash flow to principal. I figure if I need cash later, I can always sell a home or refinance. Just wondering what others feel about paying everything off by retirement? We are also do active land development projects to generate cash while this is going on. +MEMESTOKEN $MEMES + +&#x200B; + +AUDITED and DEV DOXXED (public) ! + +&#x200B; + +We are building a fully Decentralized Marketplace ,social platform/network that allows meme creators to get revenue for their work. Seeing the rise of the blockchain NFTs and the lack of specialized platform for memes, we thought about making this community-centric meme hub, in a totally decentralized fashion. + +&#x200B; + +Our aim is to integrate all of the meme ecosystem into a unified blockchain protocol, which will make sharing and interacting with the platform as transparent and easy as possible. The final objective is to have the platform 100% decentralized and to reward the content creators automatically . + +&#x200B; + +App & marketplace launching in May, official demo is out ! + +$MEMES token has lots of potential to become something very big! + +&#x200B; + +IMPORTANT INFORMATION: + +&#x200B; + +Website: [https://memestoken.com/](https://memestoken.com/) + +&#x200B; + +Pancakeswap: [https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x40b165fd5ddc75ad0bddc9add0adabff5431a975](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x40b165fd5ddc75ad0bddc9add0adabff5431a975) + +&#x200B; + +Chart: [https://charts.bogged.finance/?token=0x40B165Fd5dDc75ad0bDDc9ADd0adAbff5431a975](https://charts.bogged.finance/?token=0x40B165Fd5dDc75ad0bDDc9ADd0adAbff5431a975) + +&#x200B; + +Contract: 0x40B165Fd5dDc75ad0bDDc9ADd0adAbff5431a975 + +&#x200B; + +Reddit: [https://www.reddit.com/r/MemestokenOfficial/](https://www.reddit.com/r/MemestokenOfficial/) + +&#x200B; + +Discord: [https://discord.gg/rQQWY3auAG](https://discord.gg/rQQWY3auAG) + +Telegram group: [https://t.me/MemesTokenOfficial](https://t.me/MemesTokenOfficial) + +&#x200B; + +Coingecko: Application done! + +&#x200B; + +Do Your Own Research, im not affiliated with memestoken team, i just copied this text :) +Imagine hypothetically some kid in his mom's basement finds a stock chart pattern that he can predict with 98% accuracy, regardless of the stock or market conditions. He tests it over and over. He starts making money. He tells some friends, who also start making money. The success rate of this trading tactic is so high, that it spreads until some colleges perform studies on it. It gets published in a few journals. It becomes more and more popular. Retail investors are using this tactic to great success and eventually institutional investors start using it. + +If everyone was now trading the same things every day, doing the same activity, what would happen to the market as a whole, and to the economy at large? +[https://moneyweek.com/investments/stockmarkets/604997/federal-reserve-interest-rate-rise](https://moneyweek.com/investments/stockmarkets/604997/federal-reserve-interest-rate-rise) + +In an attempt to contain raging inflation, the Federal Reserve has raised US interest rates by 0.75 percentage points. And it’s going to keep on raising them till something breaks, says John Stepek. The **“Fed put”** is dead. Or at least, the stock market level at which the Federal Reserve, the US central bank, will intervene with the soothing balm of looser monetary policy, has been lowered substantially. That much is very very clear. If anyone had any doubts, yesterday’s monetary policy decision should have set them right. The Federal Reserve isn’t playing games anymore. Yesterday, the Federal Reserve raised interest rates by three quarters of a percentage point. It’s now targeting a Federal Funds rate of 1.5-1.75%. When you think about how unthinkable that would have been just a year ago, it’s staggering. Most investors were quaking at the notion of a quarter point rate rise.   +Almost 2 years ago, I started building my own investment research platform. 2 months later I named it Gamestonk Terminal, made it open source and shared it on Reddit. The rest is history.  + +[OpenBB Terminal \(previously Gamestonk Terminal\)](https://preview.redd.it/huaueu5y4w2a1.png?width=1218&format=png&auto=webp&s=719de88f67d7068e82142d5384721594e9b1cba2) + +Since, we surpassed [17,800 stars on Github](https://github.com/OpenBB-finance/OpenBBTerminal). Raised $ 8.8 million in our seed round. Build a very competitive team and our OpenBB brand is now recognized by most in the financial space. You can read more about our story [here](https://openbb.co/blog/gme-didnt-take-me-to-the-moon-but-gamestonk-terminal-did). + +**Our mission to democratize investment research has not changed**. Over the past few months we have been heads down and building and today I’m excited to share with you the announcement of OpenBB Terminal 2.0. + +The headline is:  + +>*OpenBB Terminal 2.0 is more than an application, it’s a platform.* + +A summary: + +* We are releasing OpenBB SDK which allows developers to use a single API to access world’s raw financial data in order to build their own products / dashboards. + +The SDK will allow users to create report templates in a matter of minutes and run them for custom tickers at any time in a matter of seconds. Instead of spending hours and starting a report from scratch every single time. We envision a world where the community can share these and help each other at becoming better investors. + +https://preview.redd.it/xugy40135w2a1.png?width=902&format=png&auto=webp&s=849e723a0e16c5d67f3e7a506d537d1534a028cc + +* We are also bringing a state-of-the-art AI / ML toolkit to the financial industry, to be used alongside all the data sources our platform has access to (stocks, crypto, NFTs, options, forex, ETFs, mutual funds, macro economic data and even alternative data). + +&#x200B; + +https://preview.redd.it/ydoay7x55w2a1.png?width=1600&format=png&auto=webp&s=f2101b4c7cf978657cd8685c940944d7592a2959 + +For more information, you can read our announcement here: [https://openbb.co/blog/openbb-terminal-2-acai](https://openbb.co/blog/openbb-terminal-2-acai) + +Or even better, watch the announcement live [here](https://us06web.zoom.us/webinar/register/3016686065105/WN_pE9H-AxcQ5elFFen8Jubzg)! More than 1100 participants have already signed up to join us. + +For anything else, feel free to reach out to me directly on [Twitter](https://twitter.com/didier_lopes), or join the OpenBB journey [here](https://openbb.co/links). +🎥xxxNifty | 🔞The Adult NFT Platform + +👉What is xxxNifty? + +XXXnifty is a NFT (Non-Fungible Token) Platform focused on adult content. + +They are changing the way fans interact with their favorite Adult Content Creators. Through NFT’s we allow Adult Content Creators to sell unique collectible videos/photos. + +Imagine owning a one-of-a-Kind content in the form of an NFT from your FAVORITE content creator. They are creating a completely new way to interact with your favorite adult performer. + +New NFT Drop TOMORROW 6/7 by Ginger Lei 👀👀👀 + +Over 300 Million XXXNifty Tokens have already been burned via the tokenomics, on top of the 21 Billion burned at launch. 🚀🚀🚀 + +AMA 6/7 @ 7AM PST on the Crypto Titans Telegram Channel: CryptoTitans0 🚀🚀🚀 + +The XXXNifty team is going to be on the Jessa Rhodes & Cali Carter’s Podcast 6/7. 👀 🚀 2m+ following + + +XXXnifty will be sponsoring Exxxotica (the LARGEST ADULT INDUSTRY CONVENTION IN THE USA) with attendance also by its Brand Ambassadors! (Our logo will be updated on the Exxxxotica website very soon!) 👀 🚀 + +Professor Crypto video is soon to be released 🚀🚀🚀🚀 + +Contract Address being updated on CMC shortly! ✅ + +Top Tier Brand Ambassadors ✅ + +Dev Doxxed ✅ + +Amazing Community ✅ + + +$NSFW Available for purchase on PancakeSwap v2 + +👉Do you want to release an NFT with them? + +They are currently accepting submissions from adult entertainers on their website + +👉Who are the content creators? + +We have Adult Content Creators like : Sybil Stallone, Adreena Winters, Ginger Lei, Sabrina Demonia, Cali Carter, Jessa Rhoads, Chokobanana, Bonni Good, Devan , Gem Stoned , Haley Girl , Heauxslayer, Kyla Says Meow, Lacey Martin, PolyAnnie, QueenSkydive, Sinn Sage, Sn3JDargll35. + +Total Redistribution Rate: + +10% + +5% to go towards LP Providers (airdropped every two weeks) + +2% to existing holders + +2% to be burned + +1% to Marketing + +🚀If you want to know more about Website and Contract you will find the information here + +📈0x9DAAa05946e486ADd2c81e0d32D936866B8449D9 + +📱Telegram Official Channel : xxxnifty +One thing that needs mentioning, that is never mentioned about small accounts, is why it is not recommended to bother trading them. To me it was always a shitty recommendation because that is obviously all that a lot of us can trade with. + +As a beginner, I never understood why small accounts were bad to trade with, but now after almost 4 years of trading them and finally becoming profitable, I understand now that the danger is actually the mindset that comes with the fortune-from-nothing fantasy that is innate with small account trading. + +Small accounts can be dangerous for your long-term development of the skill of trading. Why? Because it puts your mentality on a slippery slope: you have to risk a higher ٪ of your account to make a meaningful amount of profit, which leads to more emotional trading, and emotions are a trader's worst enemy. Emotional trading is the quickest way to drain an account, and with small accounts and high leverage, it can happen way too easily. This is coming from experience of wiping, many, I mean many, small accounts ($50-$300 starting balance). And because this was all I did, emotional trading became my habitual style, and I gambled (and hard lost) for about 3 years straight before waking up and creating a much more disciplined approach. + +Does this mean never trade with a small account? No, what is important here is the mentality in which you trade them. Do not be looking for some insane ROI, instead focus on trading your small account emotionless, only following your trading plan with forceful discipline. With a small account, your goal is to get good (consistent and emotionless) at Trading, not to make an insane fortune in a week. Have a pre-determined plan of entry, risk value, and exit and follow it to a T. + +My biggest tips for those who only have access to small acounts: + +>Trade most frequently with a large demo acc, atleast 25k, and importantly, you need to treat it as if you were a pro trader. (Obviously its not real money, so adopting this mindset is a skill in itself). The demo gives you the ability to experiment and improve on your strategy, and also confidence when your strategy works. Take every trade as a lesson. + +>Simultaneously, trade less frequently on your live small account, only when set-ups align exactly with the trading rules you have already outlined. Use a pre-defined risk and don't stray from it. Because it is smaller account, you have to risk more, thats just the nature of this style of high risk trading. Mine is 8%. + +>Twin trade (put two trades down and split the risk) so that you do not cap your upside, but always keep your stop loss specific. Take a specific profit on one trade (mine is 4%) but let the other ride as long as possible (trailing stops or exit indicator). Note that twin trading is most effective for a trend-following strategy. + +TL DR; +You don't need to earn a fortune building a small account, and instead your focus should be perfecting your trading skill. +There are many a prop-firm looking for skilled Traders, you don't need the short-term money now. You need the long-term building of skill and discipline to follow an organized trading plan. +That's it really. The new 6 million will join up nicely with current 9 million in an orgasmic fashion. + +Edit: Removed irrelevant question. 19.9% of 76 million is 15 million or so. That's the limit he has right now. Likely done already if this is it. + + +Edit 2: - The complete smooth brain breakdown - + +- RC is not allowed to own more than 20% of shares outstanding under his standstill agreement. +- He currently owns just over 9 million. +- 76 million is the number of total shares outstanding. +- 19.9% of 76 million is 15 million-ish. +- 9 million + 6 million = 15 million (and a 69 reference) +Hi, +I have a friend that I met at Uni and we're very close (met him on my first day which was last year this time). Just yesterday he was approached through a networking website and attended a meeting for a company named "Amway". I did a bit of research and what I've gathered, it's another pyramid scheme. But how? Aren't they illegal? He literally spilt out everything they said in the meeting about "investing in products, marketing it and gaining huge profits eventually", and seemed genuinely excited. He then wants to bring me in as a mentee, because he thinks I'll really like it. I don't believe he would try to bring me in, if he knew it was something along the lines of a pyramid scheme, (since we're close mates and all). So what does Reddit think of Amway? Is it an obvious choice to run? +Edit: Thanks for the answers everyone! Unfortunately, we had a long debate today about it and he is definitely set. Even after I talked about the pyramid scheme esque facts and everything else you guys said. I'm still going to be his friend but I'm definitely not bought. He is very stubborn and wants me to read a book by KIYOSAKI... he also mentioned that they sell products at a price lower than retail price, contrary to what other posters said. Can anyone confirm? +Mind you guys, I am DEFINITELY not going to consider joining Amway. I might be beating a dead horse but I'm going to still continue to convince my friend to run. + +I have 70 shares of O at $68.16. + +My goal is 100. + +I have my next buy set for 10 @ $63. + +Been watching it today, and I'm wondering what others might be thinking? + +Also have my next order for MSFT set to 10 @ 245. + +My gut is we haven't hit bottom yet this month. + +Opinions? +Just keen to get any financial advice before trying to conceive of how to set ourselves up best. I’m hoping to be a stay at home mother working 1, max 2 days per week (flexible job). + +Edit: thank you all for suggestions of public vs private births but I’ve already made up my mind having worked in both hospitals. I’m a nurse and have also supported a lot of women ante- and post-natally so I’m covered in that regard. +I (F22) need to move out of my parents house due to my mental health. I just graduated with my MBA and currently have a salary of 65k a year. I have a car payment of $530 a month and another bill which is $300. I paid off all of my student loans 7 months ago. That’s about the only things I pay for. +I live in NY (upstate) and taxes are high. I just got off the phone with a lender and she said I could go up to $175k for a house. However this would cost me $1400 a month. That’s a lot of money. I was thinking about renting but that would hardly be a difference at this point. Rent around here is about $1400 around where I live anyway. On top of everything I’d have to buy furniture.. how the hell can anyone afford a house? I know i would probably get a house on the cheaper side but those ones are seldom in good areas and some look rough.. what should I do!? + +I have about $20k in my savings account. + +[UPDATE] Thanks for all of the great helpful comments. I did not mean to sound entitled at all. I’m just lost. I really appreciate all of the responses. I’ve decided to continue living with my parents for a few years and save up some money. I am fortunate enough to live comfortably with them until I put together an emergency fund, increase income, and save enough for a house. +In case the title is too long, I will state this in its simpler form: "There is no free lunch." + +Iron condors, jade lizards, triple lindys... every one of these is merely shifting around the amount of risk for the amount of upside or the premium collected. This may not be a bad thing given your trading goals! But it's not magic. High premium, low risk, profit from directional moves. No amount of fanciness will up one of those buckets without lowering another. + +Given all the recent pushing of two, three, and four legged strategies, I figured this reminder would be good for people to hear. Thank you for your time. +Long time reader and thanks to the entire community for the amazing posts. New throwaway account because I am not sure where else to talk about this stuff. + +I am an early employee at a tech company with enough stock options for a NW between $12-16 million the day we go public. We have really operated on a shoe string mentality at the company to get us to this point and my salary will increase to the $300K a year range up from $140K. + +Our company brought in a few firms like JPM, RBC, Goldman Sachs to meet with employees about financial planning. I decided to go with GS because I felt really comfortable with them and they really asked a million questions and listened. + +I grew up lower/middle class and I am honestly just scared of losing the money. Any advice on how to deal with the sudden windfall and how can I just put out of my mind the fear of losing it all in some crazy market crash etc. The team at GS has laid out a real conservative plan that really addresses a lot of my fears... but it is really starting to consume my thoughts. +Here is my understanding. + +1. Govt buys gold on behalf of us (It sometime doesn't but let's assume, it does) + +2. If gold price increase at the end of maturity period, govt will sell that gold to give us the difference in price + +Here are my question: + +1. How does govt monetize that stored gold to give us 2.5% interest? How they make money from it to pay us 2.5% interest? + +2. Can I also monetize the physical gold to get some interest? How does that work? + +3. If govt can pay interest, why gold ETF's don't pay any interest? + +**Update:** [Here] (https://www.hdfcbank.com/personal/invest/gold-monetisation-scheme/eligibility) is a link which says we can monetize the physical gold we own. Not sure how it works. Why can't ETF use the same process and monetize the gold? + +**Update:** I got good answer for first 2 points. I still need help with the 3rd point. Why Gold ETF don't participate in gold monetization program to boost returns? +# Goodmorning Superstonk + +https://preview.redd.it/ya4xf68n47071.png?width=680&format=png&auto=webp&s=fb672c413ef65e9ca624cab90e65341cfeda8bb3 + +# Surprise! Me again, [u/Bye\_Triangle](https://www.reddit.com/u/Bye_Triangle/) ! + +I offered to take over the writing of the daily for today to give my friends [u/PinkCatsOnAcid](https://www.reddit.com/u/PinkCatsOnAcid/) and [u/Rensole](https://www.reddit.com/u/Rensole/) a bit more time off, they work so hard on these I thought it was the least I could do! So without further *adieu...* let's get on to the news! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +New host who dis? + +So some of you are probably thinking "***OMG, B\_T went rouge and took over the news***" + +Well, I am here to tell you that that is **false!** + +&#x200B; + +https://i.redd.it/qta6aunt47071.gif + +I figured I would give them some extra time off, and since I am usually helping out with these anyway, it's about time I take a swing at writing one, assuming that's alright with everyone! + +[u/pinkcatsonacid](https://www.reddit.com/u/pinkcatsonacid/) and [u/Rensole](https://www.reddit.com/u/Rensole/) after this one you're done slacking 😉 jkjk + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Crypt-oh-no / ICC-2021-007 - [u/Bye\_Triangle](https://www.reddit.com/u/Bye_Triangle/) + +[https://public-inspection.federalregister.gov/2021-10498.pdf?utm\_medium=email&utm\_campaign=pi+subscription+mailing+list&utm\_source=federalregister.gov](https://public-inspection.federalregister.gov/2021-10498.pdf?utm_medium=email&utm_campaign=pi+subscription+mailing+list&utm_source=federalregister.gov) + +It seems that something was up (or rather down?) In the crypto markets! There were some that were speculating that it could be in preparation for the increased margin requirement that the new ICC-2021-007 set forth. + +&#x200B; + +[ https:\/\/twitter.com\/louvswallstreet\/status\/1395133269176426496 ](https://preview.redd.it/s50ws1qy47071.jpg?width=1537&format=pjpg&auto=webp&s=c9abc41db8b5fc81daffce2cbc81bfeb43fcba7c) + + + +Pretty cool if this were correct + +That having been said, I have seen some speculation that this could have been linked somehow to the DTCC liquidity test that we saw recently. Hard to say what their intentions with this rule were. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Glacier Capital (wtf) - [u/sharkbaitlol](https://www.reddit.com/u/sharkbaitlol/) + +Hey all, just helping the team out to write a quick opinion piece on the entire **Glacier Capital** fiasco that has swept the front page; as we have seen these posts seem to have attracted an abnormal amount of awards (specifically the all-seeing). + +[https://preview.redd.it/s3c31gbxpzz61.png?width=857&format=png&auto=webp&s=a49a7d617d65caf7716b73ca65512884c3900596](https://preview.redd.it/s3c31gbxpzz61.png?width=857&format=png&auto=webp&s=a49a7d617d65caf7716b73ca65512884c3900596) + +**Here's the kicker (correct me if I'm wrong); I cannot find a single piece of information from the SEC or the Luxemburg filings that confirms them actually buying into GME. Just a seeking alpha article which seems to be what everyone is referencing.** + +*in places like Luxembourg or Cyprus you can literally buy a shell company that’s existed for quite some time from the legal offices there. Complete with a board of directors. These people can be complete and total randoms off the street. This is what I suspect is happening here. Scary thing is it’s not a really expensive thing to do so; most people will accept under 10k euro to put down their signature.* + +There's a great series on this topic called "This Giant **Beast That is the Global** Economy" on Prime Video, the very first episode actually goes into this phenomenon in detail. The TLDR; is that you can go to a law office, buy a made-up company, launder money. + +\-------------------------------------------- + +Now doing a search directly on the Luxemburg commerce registry since I can't find anything really related from the SEC; I'm finding very different info than what users have pointed out --- there are alternative addresses on pretty much every filing they have. Funny thing is that these addressed are mostly registered to residential areas. This would coincide with common tax evasion tactics + +[https://www.lbr.lu/](https://preview.redd.it/6b3cnppjpzz61.png?width=871&format=png&auto=webp&s=c6831f37666f524c976e65e8d55d8029c994031b) + +Here is the registered office (44 Boulevard de Verdun) + +[Glacier Capital Registered Office;](https://preview.redd.it/wlkgnpyepzz61.png?width=1748&format=png&auto=webp&s=99117c4a0382616341c221c98761d5ba373aa992) + +Now my French isn't too bad here in Canada; so I tried my best navigating this filing from the Luxemburg commerce registry and found the following; we can confirm the involvement of **Marc-Francois Daubenfeld** as well as the value of their assets. + +[https://preview.redd.it/d22nto7eozz61.png?width=513&format=png&auto=webp&s=6fcc15dcbc3fe0ac16d0c84f3a916b65b9c3cb9a](https://preview.redd.it/d22nto7eozz61.png?width=513&format=png&auto=webp&s=6fcc15dcbc3fe0ac16d0c84f3a916b65b9c3cb9a) + +[https://preview.redd.it/vmu6sd1nozz61.png?width=759&format=png&auto=webp&s=fa2ab01856c571c651739a6e636bc6c32e1bd586](https://preview.redd.it/vmu6sd1nozz61.png?width=759&format=png&auto=webp&s=fa2ab01856c571c651739a6e636bc6c32e1bd586) + +The above screenshot is for their activity from 2018 (as that's the most recent thing filed). So we understand that in a few short years they went from managing a couple hundred thousand euros to almost 100 million if I'm reading this correctly. + +I want to point out that Mr. Daubenfeld is a "lawyer that turned fund manager", remember what I mentioned about this being law offices specifically selling fake shell companies? + +[https://preview.redd.it/rg0lop7ctzz61.png?width=204&format=png&auto=webp&s=88375ecd75121949bdbd07368421c098f8621bc1](https://preview.redd.it/rg0lop7ctzz61.png?width=204&format=png&auto=webp&s=88375ecd75121949bdbd07368421c098f8621bc1) + +Now why this is being pushed up so much, I have no idea. Can anyone even find confirmation they own GME ie a bb terminal screenshot? I couldn't tell you if this has some sort of malicious intent or not. Tread lightly on this one apes. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# < 3 + +We ❤ you too Cohen! + +https://preview.redd.it/636okiu257071.jpg?width=2052&format=pjpg&auto=webp&s=ad6be98c964144e2ae787201db33bb2b0b4ceacd + + Sometimes I cannot tell if I am a madman or he is a genius... or both. One thing I do know is that there is no way Ryan Cohen isn't leaving us breadcrumbs, at least in my opinion. So what might you ask could be the meaning of this tweet? I hadn't a clue, but these great apes seemed to be onto something: + +[ https:\/\/www.reddit.com\/r\/Superstonk\/comments\/ngfzzi\/rc\_tweets\_a\_heart\_3\_ape\_detectives\_solve\_the\_case\/](https://preview.redd.it/ds6aifc857071.png?width=913&format=png&auto=webp&s=c05ec675e57ab3ca1ac300f8966ee495fd4ba515) + + + +Less than three weeks? Damn Ryan, I am going to break out my "Days 'til Christmas" countdown calendar for this, you got me so excited! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# [GameStop.](https://www.gamestop.com/)[com](https://www.gamestop.com/) + +Today we are receiving multiple reports that GameStop has made their site available to more of our international Apes, congrats!! Also, this is super bullish, to me this is just more proof of how large-scale their e-commerce platform is going to be. I can only imagine the kinds of exciting announcements they have on the horizon + +[Australia](https://www.reddit.com/r/Superstonk/comments/ngj7zk/gamestop_website_works_in_australia_tits_are_so/) + +[Sweden](https://www.reddit.com/r/Superstonk/comments/ngbugj/gamestopcom_now_accessible_in_sweden_as_well/) + +[United Kingdom](https://www.reddit.com/r/Superstonk/comments/ng8zx1/gamestopcom_is_now_accessible_from_the_uk/) + +[Dominican Republic](https://www.reddit.com/r/Superstonk/comments/ngi6mf/gamestopcom_available_from_the_dominican_republic/) + +[Germany](https://www.reddit.com/r/Superstonk/comments/ngi3hm/gamestopcom_available_in_germany/) + +[Canada (we still just have EB Games, but thats okay)](https://www.reddit.com/r/Superstonk/comments/ngi24u/all_these_other_countries_get_the_new_website_but/) + +And many, many more + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# [SR-OCC-2021-004](https://www.sec.gov/rules/sro/occ/2021/34-91445.pdf) + + + +TL:DR This rule allows broader participation in any auctions of "Suspended Clearing members", including but not limited to "Non-clearing members". Essentially it will be easier for Blackrock to pick clean the carcass of Citadel when their greed and misconduct catch up to them. + +For a fairly straightforward, and rather in-depth look at this rule, check out this post from a month ago when it was first filed: + +[SR-OCC-2021-004: Why This Proposed Rule Change is Important and Possible Shell Games -](https://www.reddit.com/r/Superstonk/comments/mnpzu5/srocc2021004_why_this_proposed_rule_change_is/)[u/c-digs](https://www.reddit.com/u/c-digs/) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Blow that whistle + +[ ](https://preview.redd.it/qwpu5gwj57071.jpg?width=1477&format=pjpg&auto=webp&s=e8f29ea0cb1f58d0263958b392ad8cca75173db5) + +Well Jpow says the market is fine so I am sure there is nothing nefarious going on... /s + +We can only speculate if this is related to GME... but I will say there is likely a lot to whistleblow about with all the stuff going on 👀 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Do not forget to vote! + +# Single most important piece of the puzzle. If you don't vote, then you aren't doing right by yourself or GameStop + +[This is how we find out how big of a whale we are ](https://preview.redd.it/uqz4zqmp57071.jpg?width=1000&format=pjpg&auto=webp&s=dbd05b30ff52bc4e91bc9253e38832adbff8b1de) + + + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +https://preview.redd.it/642irelx57071.png?width=554&format=png&auto=webp&s=4ef69c8a433a42a3a5634741fb7b41d5395a46b5 + +# 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**. + +Most importantly: + +Ape don't fight ape, apes help other apes + +this helps us weed out the shills really fast, if everyone is helpful, the ones who aren't stand out. + +I would be remiss if I didn't share [this](https://twitter.com/Winter/status/1395054787490500608?s=20) +I’m an underage citizen of Belgium. After my mother's passing I inherited €175k from life insurance payouts and the sale of her house; my brother inherited the same sum(and, for personal reasons, a bit more as well). He died recently, and now I'll be given access to a sum of at least 350k when I become an adult next year. I want nothing more than to use their gifts wisely, but I'm well aware that eighteen is not the age to start a business at. How would I best keep this sum safe and growing the coming years? Thanks in advance. +Alright guys. This is going to be long, but if you want actual DD, sit back and enjoy. NET is doing excellent, and will only continue to excel as it continues to grab market share and boom in the background. + +&#x200B; + +**---** + +**What is Cloudflare?** + +Cloudflare is going to make a leading player in next-generation computing. From their blog: [https://blog.cloudflare.com/rendering-react-on-the-edge-with-flareact-and-cloudflare-workers/](https://blog.cloudflare.com/rendering-react-on-the-edge-with-flareact-and-cloudflare-workers/). Excerpt: + +>“Imagine you’re the maintainer of a high-traffic media website, and your DNS is already hosted on Cloudflare. +> +>Page speed is critical. You need to get content to your audience as quickly as possible on every device. You also need to render ads in a speedy way to maintain a good user experience and make money to support your journalism...  you’re going to need to pay for some beefy servers to be able to handle spikes in traffic and respond to requests in a timely manner...Cloudflare Workers allow you to run your code on the edge quickly, efficiently and at scale. Instead of paying for a server to host your code, you can host it directly inside the datacenter” + +Seriously, this is cool, and it’s only beginning. Cloudflare is innovating every day. Their customers absolutely love them. As a software engineer, they have already have some products are there that are pretty cool like Cloudflare Pages and Cloudflare Workers. I think what’s going to help them into a powerhouse is this: + +&#x200B; + +>Over the coming months, we’ll be working on integrating Workers and Pages into a seamless experience. It’ll work the exact same way Pages does: just write your code, git push, and we’ll deploy it for you. The only difference is, it won’t just be your frontend, it’ll be your backend, too. And just to be clear: this is not just for stateless functions. With Workers KV and Durable Objects, we see a huge opportunity to really enable any web application to be built on this platform. + +Soon, developers will be able to make full-stack applications end-to-end using Cloudflare’s network. Cloudflare will handle all of the annoying stuff about development including hosting and deployment. And they’ll allow developers of all size to instantly scale their application across the entire United States, all while increasing developer productivity and satisfaction. + +If you’re not a developer, you probably didn’t understand most of that, but essentially, they’re making it so you can build entire applications using solely their infrastructure. This is actually genuinely cool, and will save the average developer tons of time and money. + +I can easily see how this propels their growth even faster than 50%. And if this thing inches up to 60-65% YoY as it expands it’s profitability... 🚀🚀🚀 + +(And even if it doesn’t, and stays at 50%, it will still 🚀 but slower. Regardless, it’s going up) + +&#x200B; + +\--- + +“BuT iT tAnKeD oN EaRnInGs” + +That drop is an absolute blessing to those who aren’t long. Plus it’s hardly a tank when it’s at ATHs if you exclude the one week in its history where it was higher + +Its earnings was good, and to those who haven’t read it, [do so](https://www.cloudflare.com/press-releases/2021/cloudflare-announces-fourth-quarter-and-fiscal-year-2020-financial-results/) besides relying on a stock’s immediate reaction. To the 90% who will completely ignore that sentence: + +>Revenue growth was 50% YOY which is consistent with the last 3 earnings + +&#x200B; + +Revenue right now is $125 million **per quarter** or $431 million for 2020. Doesn’t sound like much at first, but those of us know the power of compound interest knows how fast that number will be pumped. 5 years from now, that’s $1 billion a a quarter or 4 million a year. In 8 it will be $3 billion/quarter or 12 billion a year + +Yes, 5-8 years is a long time. This is a buy and hold stock. That’s why I’m long Jan 21 115c. + +The revenue and growth isn’t the impressive part. The margins are + +>GAAP gross profit was $96.9 million, or 76.9% gross margin, compared to $65.7 million, or 78.3%, in the fourth quarter of 2019. + +High 70s margins is absolutely incredible. And it's consistent quarter to quarter. That means once NET does reach profitability, they’re going to be **raking** in dough + +That being said, NET isn’t profitable yet, which is pretty much the only argument bears can muster (that and high valuation but more on that later). Keep in mind they’ve been screeching the same thing since 2019 and that hasn’t stopped it. But once profitability is out of the way, there’s nothing stopping it from being a $300 stock. Here’s why: + +\- Like I mentioned earlier, their losses are decreasing and if my hypothesis is correct, they will reach profitability by early ‘22 + +\- Currently 15% of the internet goes through Cloudflare’s network and that number is increasing. Literally, 1/6th of the entire internet infrastructure is worth $25 billion. In comparison, a bike company (PTON) is worth double that. + +\- Boomer companies who need to replace their shitty infrastructure will likely turn to Cloudflare due to their reliable secure networks with guaranteed security. Not to mention their prices are dirt-cheap compared to their competitors. + +&#x200B; + +—- + +**CONS** + +The only cons are people concerned with profitability (covered already) and evaluation (priced at 60x sales which tbf is absolutely outrageous). However I think this is still short-sighted. As long as the bull market remains intact (big IF, but I’m a bull so as long interest rates are 0), there’s no reason to believe the rocket rally will end. As we see with SHOP and TSLA, traditional valuations don’t matter if the product has a dream, vision, and story, which with Cloudflare’s “Build a Better Internet” shtick, I think it does. Especially because customers actually like their product and Cloudflare will continue to innovate and build upon Cloudflare’s already enormous Cloudflare network. + +This stock already got [multiple](https://www.thestreet.com/investing/cloudflare-drops-despite-multiple-price-target-upgrades) analysts upgrades. The drop was a blessing to those who aren’t in. Start investing in quality and innovation; $85/share is a whole lot less than $300 which is where they will be by 2025 (I want to say 2022, but I’m trying to be conservative here). + +Seriously, give this a second look. I’ve been playing NET since 37. It’s a shit stock that consolidates for months, then rockets 30% in a week. Earnings being great (and not excellent) is the only reason NET hasn’t done its 30% move. I’m completely assured that it will soon + +&#x200B; + +EDIT: Made a huge mistake in the first iteration. I implied Cloudflare makes only 130 million a year. They made that last quarter. Their 2020 revenue was almost half a billion ($431 million) +Sat down and paid the rest of the bills for the month, transferred some money to the savings account and I still have over $1000.00 balance in my checking account. + +Things aren't perfect, I have several thousand in medical bills that have been sent to collections to work through, but I decided to get a cushion built up because shit happens. + +I've come a long way from eating peanut crackers for lunch just to get through the week. So if you are wondering if the struggle and saving are worth it.....yes it is. + +Thanks to everyone who posted their success because that is what kept me going. +Think about it: the fact that they feel threatened means they know their system is flawed. The very fact that some banks and credit companies ban you from buying crypto proves that crypto solves an important problem. +I appreciate that this is a financial advice subreddit. The reason I've posted here is that I'm keen for the "demands" to ultimately benefit me financially - I just think a raw salary increase will not be accepted. I'm looking at courses etc. but is there anything else I might've forgotten? + +For context, I like my job and don't have any immediate plans to resign. I work in a relatively well paid profession. + +**Edit 1**: Thanks for the epic responses everyone. They want to bring this discussion on quick smart. Once I've had the discussion, I'll come back and provide an update of: (a) what I asked for; and (b) what I got! + +**Edit 2**: I've taken on the feedback regarding raw cash (notwithstanding some of the frankly unnecessarily rude comments) and asked for: (a) a raise to baseline salary; (b) two further education courses to be paid for over the next two years; and (c) four weeks of remote work per year, anywhere in the world with work to pay for flights/accommodation for two of those weeks every two years. + +Some further context that I think would have been helpful for those who have offered advice: (1) I already get paid quite a bit above market and more than I could get elsewhere; (2) I can't physically work much harder, so that's not a concern 😂; (3) corporate structure means equity is impossible; (4) not employed at-will and PTO rolls over forever already; and (5) taking away the hassle factor, I am entirely replaceable. + +**Edit 3**: Update. All requests accepted, but pay bump going up the chain to get approval which may mean it does not occur until a bit later in the year. +This looks like a good deal. As a landlord who has a tenant 30,000 in back rent i would love to see this. + +https://abc7.com/finance/ca-measure-aims-to-pay-off-8025-of-most-unpaid-rent/10036767/ +My wife and I usually travel twice a year and would always splurge for the best food but only recently did we start to enjoy nice hotels. + +Right before the pandemic during peak 2019-2020 Christmas and New Years Season we stayed at the Carlton St. Moritz and for the first time were really really wowed by a hotel--it felt like going to EMP for the for time when I had previously been eating Top Ramen. + +To elaborate on personalized service, the entire staff was beyond friendly and attentive. They seemed to know us from the start and make sure we had meals and activities planned and even drove us to them and asked when to pick us up. They brought fresh flowers every afternoon. Housekeeping seemed to notice which little jar of snacks we liked and started to give us more of those. They never disturbed us when we slept in but still seemed to come clean the room several times a day as soon as we left and do pillow turn etc despite the fact we were so happy to started to spend a lot of time in the room! We didn't need to worry much about restaurant reservations because worst case they had an amazing 2\* restaurant where the chef got to know us and always seemed happy to have us. + +I really don't mean to praise one hotel in particular but want to give some context for why things didn't seem quite the same last summer for our next trip back to Europe: we again went to a popular destination (this time Côte d'Azur) again during peak season (this time the summer). Cap-Eden-Roc came highly recommended but was booked so we split our time between Hotel de Paris de Monaco, Martinez, and Villa Belrose. We thought this shouldn't matter too much because all the hotels are obviously nice and Badrutt's Palace seemed to top most lists in St. Moritz but was booked and we still had an amazing experience during our previous trip. But none of the 3 hotels in France/Monaco had nearly the same "wow" factor as the hotel in St. Moritz. + +At Hotel de Paris de Monaco the room smelled heavily of cigarettes from the previous guest. When I told the front desk that my wife was pregnant and we didn't feel comfortable breathing smoke the staff was invalidating. They sent someone who smelled the smoke but did nothing. We waited until the next day and still smelled smoke at which point I had to essentially plead with multiple staff members to change rooms. They initially insisted the hotel was full and there was nothing they could do. We really did want to be understanding that they had no control over a previous guest smoking heavily but were disappointed to look at the hotel website and find reservations available that night (although only for nicer rooms... I thought of booking one of several other rooms that were available but we still had a reservation for the rest of the week). + +Ultimately they agreed to change us to a room in a category less than the one for which we paid. Without any added perks or gratuities. The AC didn't work in the new room but I already felt too defeated to say anything and basically sweated it out for the week. The 3\* restaurant at the hotel was full and couldn't accommodate us the entire week. To get around to other restaurants and the beach concierge told us to take a hotel shuttle that ran every 30 mins and on one occasion the driver saw us and kept driving! + +I also don't mean to complain about any particular hotel: we spent two additional weeks at Martinez and Villa Belrose without incident but both were lacking the wow factor of St. Moritz: There was little of the same personalized attention from staff and we had to figure things out for ourselves, call for housekeeping after no one noticed we left or the room needed cleaning, remind them to bring toiletries etc. + +This summer we were hoping to travel again with our first baby and was curious if anyone had any insight into what I did wrong last summer. I met up with a college friend who spent every summer growing up the South of France and he emphasized that his family would make an effort to tip the staff upon arrival and he claimed they would always get the best rooms etc but this seemed sort of like a bribe? I asked him who exactly to tip and at first he seemed to think the GM but it seemed over the top the make an effort to identify the GM upon arrival and immediately race to him with cash. I think the (questionable?) advice was to then instead to tip whoever assists with the check-in and basically express I appreciate anything they could do to make the stay memorable and let them know at the time of any requests that were particularly important. In St. Moritz we of course tipped generously but it was when we left and we intended to genuinely express our gratitude for working so hard through the holidays to make us so happy. + +Questions (and sorry I have so many): + +1. Broadly should we think of St. Moritz as an outlier and not come to expect hotel staff to be as personally attentive and accommodating? St. Moritz was the first time we spent thousand of dollars a night for a hotel but we had stayed at many hotels previously which also lacked the same "wow" and obviously survived. But we flew to Moscow (not an option at present for obvious reasons) immediately after St. Moritz and were also impressed. I think if we hadn't spent as much during our Cote D'Aure trip we wouldn't have expected very much and wouldn't have felt disappointed. But becoming fatalistic about luxury travel and letting go of all earthly desires also seems a bit at odds? +2. I imagine if the same really amazing "wow" factor does exist at other hotels it wouldn't be found by going off season when the hotel is not as well staffed but then how to find it? Do we always have to go back to the same hotel (we like going new places)? How to choose a hotel anyway since the hotel in St. Moritz wasn't even our first choice initially but we simply went with what was available? +3. We didn't reserve the nicest room at St. Moritz--maybe something like a junior suite. If such service exists elsewhere it would seem more important to choose the right hotel then pay five times more for an unusually large room in the hotel? +4. Broadly how can I find out beforehand which hotel offers the best service in a given location? I find most online reviews to be very unhelpful. Is there some authoritative list somewhere that says "stay at Grand Hotel Tremezzo or one very good alternative if it's booked is... if at Lake Como?" What are a few top hotels anywhere in the World with absolutely amazing service? +5. We were thinking of flying not too far for the first trip overseas with our baby who will be around 6 months this summer. We we looking at Scandinavia, Croatia, Bodrum, and maybe summer destinations in Switzerland. **Could you please share one or two specific recommendations for truly extraordinary hotels that are less than a \~12 hour flight from the East Coast?** +6. I'm wondering how much of it is cultural? Is better service more common in Northern Europe? Or do we have to look outside Europe entirely? +7. My Centurion "relationship team" has changed three times in about a year. Cent's idea of personal concierge seems to be to force me into a gym membership when I live in Puerto Rico and there isn't even a Equinox on the island. All this is to ask what to do when a highly recommended hotel is booked if these experiences can be so few and far between? +8. Any thoughts on tipping on arrival as it was suggested to me? Does this actually work and if recommended who exactly should I tip, how much, and how to be tactful about it? +I’ve been trying to use cash lately and I’ve been having more and more issues. OK I understand it’s hard to get cash from the bank I get that, however you are one of very very very very very few business is still open and you are a gigantic chain business. As far as I know American cash dollars are use and should be able to be used everywhere and there should be laws against any company that disallows cash payment. +It says so right on the bill that it’s legal and my fear is that the virus may be their excuse for a cashless society and I know I’m taking that a little far but am I because I’m already experiencing it. +Hi Guys! Im 14 and I'm going to end up with around $1500 at the end of summer from work, rather than spending the money I would rather invest it. any suggestions in where the money should go? Thanks in advance :D +Elon Musk, entrepreneur, CEO, Chief Engineer. These are just a handful of titles we correlate with the legend himself. However, there are secrets about him that only a few of us know. His position as TechnoKing of Tesla isn’t his first kingship. Oh no, not by a longshot. Did you know that as a baby, Elon was brought into the world as a prince of the Babylon Empire? Yes, we know that it’s surprising, but it's completely true. Our developer even used an algorithm to analyze Elons tweets over the last 3 months, and using an AI cipher, decoded the following: “Goo goo, ga ga, me Elon, me baby, me King of Babylon, goo goo, ga ga.” There you have it folks, words from baby Elon, infant King of Babylon himself. + +Immortal? Definitely. Vampire? Probably. Alien? Wouldn’t be surprised. Regardless, when Elon was brought into this world, he was most definitely a baby, and honestly, he still is. Long live BABYELON! + +Liquidity Locked + Ownership Renounced + +$BABYELON is an open source peer-to-peer digital currency, favored by people of all ages worldwide. BABYELON sets itself apart from other digital currencies through its mission to cultivate an amazing and vibrant community of friendly individuals. As a token on the ethereum blockchain with an initial supply of 1 trillion, as well as a 1% burn rate, BABYELON additionally rewards holders automatically through reflections. It is these elements, jointly combined with an experienced team of developers and influencers in the cryptocurrency space that set up BABYELON for long-term growth and progress. + +Website: [http://www.babyelon.co/](http://www.babyelon.co/) + +Twitter: [https://twitter.com/baby\_elontoken?s=21](https://twitter.com/baby_elontoken?s=21) + +Telegram: [https://t.me/babyelonofficialtg](https://t.me/babyelonofficialtg) + +Operations: In order to continue cultivating and scaling the BabyElon community, the BabyElon team is hosting weekly Telegram AMA’s where both new and longterm members can participate in discussions, ask questions, and get involved with the project. + +Philanthropy: Weekly Charitable Donations + +Creative Direction: Internal design team led by the well-known creative director of Kishu + +Contract: 0x58e41698a5e18afd1849f208a1579c16e3198948 + +Dextools Chart: [https://www.dextools.io/app/uniswap/pair-explorer/0xfaf5894cf44c45665f52a4382c0d59928d2e6a51](https://www.dextools.io/app/uniswap/pair-explorer/0xfaf5894cf44c45665f52a4382c0d59928d2e6a51) + +First collection of NFTs is also available on opensea: [https://opensea.io/BabyElon](https://opensea.io/BabyElon) +David Tepper, founder of Appaloosa Management whose comments have been known to move markets, said it's very difficult to be bearish on stocks right now and thinks the sell-off in Treasuries that has driven rates higher is likely over. + +"Basically I think rates have temporarily made the most of the move and should be more stable in the next few months, which makes it safer to be in stocks for now," Tepper told CNBC + +Notably, also called growth stocks like Amazon in particular, attractive right now. + +Source: https://www.cnbc.com/2021/03/08/david-tepper-is-getting-bullish-on-stocks-believes-rising-rates-are-set-to-stabilize.html +&#x200B; + +https://preview.redd.it/b4hz20hzehx71.png?width=1175&format=png&auto=webp&s=ae8b23c2f143cd2e558d912d6f1076ab770bf61a + +Hey guys, + +I've decided to put together an update regarding my Bank of America thesis (I called this shit in May). I realize that there's a lot of new people on this sub so I thought it was worth sharing a recap as well as an update as it looks like we are close to or at endgame. I have also come to the conclusion that Morgan Stanley may also be a bagholder in the Gamestop saga. I want to stress that nothing is financial advice, and I have no idea when things will turn south. Again I'm human and I do make mistakes, and if you have anything to support or refute my thesis please share so we can get this right. + +At the bottom of this page, I also included a collection of my other posts. All my digging is fair game as long as you reference it properly (I'm looking at some of the trash YouTubers) + +&#x200B; + +**Hypothesis:** + +**Morgan Stanley and Bank of America are both bagholders in the Gamestop Saga.** + +**Bank Of America recap** + +**What we already know:** + +1. **BofA is the main Prime Broker for Citadel & 1 of 2 for Susquehanna and will be responsible for closing said positions if they cannot close** +2. **BofA has/had a significant Put position to potentially reset FTDs** +3. **No Bank or Hedgefund has/had more GME containing ETFs than BofA**. +4. **BofA's head of client equity solutions left to join Citadel after the Jan squeeze**. +5. **\~20% of BofA's locations have not reopened since last March** +6. **BofA issued a $15 billion dollar bond in April to raise cash** +7. **Several high-level executives have resigned or have planned to.** +8. **There is no new purchasing of BAC stock, only selling by their executives** +9. **In August BofA released a prospectus with the purpose to raise $123 Billion Dollars in liquid assets** +10. **The number of securities sold under agreement to repurchase greater than 90 days doubled from Q1 to Q2 and maintained its stance to Q3.** + +**What is new?** + +**1) Sudden meeting with the heads of Finance and Yellen**. + +&#x200B; + +[ ](https://preview.redd.it/f191cju5fhx71.png?width=890&format=png&auto=webp&s=6e2aadab04fb1d072a46012f4ae4f7df7100221f) + +Yesterday November 2nd it was reported that Janet is meeting with several heads of the financial world. The timing of this is no coincidence. I can't help but think of the meeting where the heads of the banking world congregated prior to the Global Financial Crisis. Full disclosure, the financial sector is in deep trouble from the Chinese asset bubble popping, but given meme stocks, recent run-ups tied with this admission from Yellen to congress gives us a clue. + +"**There are issues relating to hedge funds and the possibility of leverage there that can trigger financial runs**" -Yellen [Link](https://twitter.com/AntonioTheMexi/status/1442883651616886801) + +**From Wall Street's Naked Swindle by Matt Taibbi regarding the GFC** + +>On March 11th -around the same time that myster Nostradamus was betting $1.7 Million that Bear was about to collapse - a curious thing happened that attracted virtually no notice on Wall Street. On that day, a meeting was held at the **Federal Reserve** Bank of New York that was brokered by Fed Chief Ben Bernanke and then- NY Fed president Timothy Geithner. The luncheon included virtually everyone who was anyone on Wall Street - except for Bear Stearns.Bear, in fact, was the only major investment bank not represented at the meeting, whose list of particiants reads like a Barzini-Tattaglia meeting of the Five Families. In attendence were Jamie Dimon from JPM Chase, Lloyd Blankfein from Goldman Sachs, James Gorman from Morgan Stanley, Richard Fuld from Lehman Brothers, and John Thain, the big spending office redecorator still heading the not yet fully destroyed Merril Lynch. Also present were old Clinton hand Robert Rubin, who represented Citigroup, Stephen Schwarzman of the Blackstone Group, and several hedge fund chiefs, including Ken Griffin of Citadel Investment Group.The meeting was never annouced publicly. In fact, it was discovered only by accident, when a reported from Bloomberg filed a request under the Freedom of Information Act and came across a mention of it in Bernanke's schedule. + +**2) The new 10-Q quarterly report for BofA just came out** + +&#x200B; + +[ BofA's short position has not changed since their last 10-Q report. Like some of us, they have elected to hold ](https://preview.redd.it/rrtjdsa8fhx71.png?width=1433&format=png&auto=webp&s=12552cbe51403db006805a5d1f3cdea9901209a5) + +**Updated Balance Sheet** + +&#x200B; + +[ BofA's Trading account liabilities has increased by 57&#37; since Dec 31st, 2020](https://preview.redd.it/mk1x0sfafhx71.png?width=872&format=png&auto=webp&s=9d2b515ca7b3057e453bca356b0ab1e4612fdfcf) + +**Increased loans to Asset Managers** + +&#x200B; + +https://preview.redd.it/u0d0fhxtnhx71.png?width=971&format=png&auto=webp&s=38e5dfaa423662f765d667c79e9a1aa21ca6cbc8 + +https://preview.redd.it/utmugk0ffhx71.png?width=1435&format=png&auto=webp&s=2fd46b1824e1858cb97b9214766897cd9cdee5dd + +In the last quarter, the increase in loans to Asset managers and funds increased by 7%, and it is up 32% so far this year. Those who don't know the largest borrower of credit from Bank of America are asset managers. Although I haven't been able to find a concrete source ex-hedge fund manager Marc Cohodes has stated that Bank of American's biggest customer is Citadel Securities. Link [here](https://www.youtube.com/watch?v=Jf64f-QURTc) (timestamp: 32:55). Months ago I found in Citadel's 2020 Annual report that most of the options clearing and financing activities are with BofA. + +&#x200B; + +[ Caption from Citadel's Annual Report \(first posted in my DD \\"Bank of America and the Citadel connection\\" in May\)](https://preview.redd.it/frm54hrgfhx71.png?width=663&format=png&auto=webp&s=b836281706de52119e553506e1a6ce219b9eed51) + +**3) What do you do when things are looking bad....?** + +You buy insurance. + +Currently, Bank of America has increased its position in Credit default swaps. They now are adding more protection in case of defaults than they are currently selling. You don't increase your positions in credit default swap for no reason. BofA wants insurance for when shit hits the fan. + +&#x200B; + +https://preview.redd.it/t9dija8jfhx71.png?width=1126&format=png&auto=webp&s=7adb1235636fa97ee8e1796746bc842ba63c1c72 + +**4) Bank of America issued more bonds last month** + +&#x200B; + +[ https:\/\/www.bnnbloomberg.ca\/bofa-joins-morgan-stanley-with-post-earnings-bond-sale-1.1666833](https://preview.redd.it/yckb5n2lfhx71.png?width=979&format=png&auto=webp&s=2e39e7d66f740d0fea58355f3fe947ac2f392e63) + +(Bloomberg) -- Bank of America Corp. is tapping the U.S. investment-grade bond market Friday with a self-led deal, joining Morgan Stanley in issuing new debt following a better-than-expected earnings report.  + +The bank is selling 11-year fixed-to-floating-rate notes with initial price discussions in the area of 1.15 percentage points above Treasuries, according to a person familiar with the matter. The proceeds are earmarked for general corporate purposes.  + +BofA on Thursday beat analysts’ estimates as fees climbed at the company’s dealmaking unit, boosted by a record-breaking period for mergers and acquisitions.  + +Blowout results from the big U.S. banks may spur even more bond issuance from the financial sector, which is eyeing still-attractive borrowing costs that could get worse should rates keep rising. Benchmark 10-year Treasury yields reached the highest since mid-year this week. The bond deal comes as risk premiums in corporate debt remain low, increasing the appeal to issuers. + +Morgan Stanley on Thursday took advantage of favorable sales conditions to price $5 billion of debt in a deal that performed well and priced at a level tighter than initially discussed. + +&#x200B; + +**\[EDIT 1\]** A trusted fellow ape who wishes to remain anon shared this graph with me regarding BAC stock from flow trade. + +Flowtrade tracks institutional and dark pool order flow. They have been net selling Bank of America for a while. When this happens, the stock usually follows. + +What I've been told is although BAC stock has been climbing it has been net selling from institutions. + +&#x200B; + +[Red line = darkpool order flow. Slope down = selling. Notably, while the stock price has been going up slightly ](https://preview.redd.it/8ety2jmimhx71.png?width=886&format=png&auto=webp&s=422ca9c01057c96f4eba17bc74efaa5a1983945d) + +&#x200B; + +&#x200B; + +**Morgan Stanley:** + +&#x200B; + +[ I believe Morgan Stanley is in a world of hurt too](https://preview.redd.it/m4287u2ofhx71.png?width=624&format=png&auto=webp&s=a0a59bd59df55eb867125c166d04a9419d978ae2) + +I have been digging into whom might also be in a world of hurt more the better part of this year. For the longest time, I thought Goldman Sachs might be in trouble for their Gamestop position. I'm still pretty confident that may be the case, but for the purpose of this post, I want to focus on Morgan Stanley. + +**1)** **What are they buying?** + +Now before I go into clues that might point towards Morgan Stanley I ask the following question... + +**Q) What do you do when you owe a ton of Gamestop?** + +**A) The answer is you buy a lot of Gamestop.** + +&#x200B; + +[ Morgan Stanley likely loaded up on Gamestop while the price is still \\"manageable\\" as a hedge for the shares they have to replace.](https://preview.redd.it/db90i4cqfhx71.png?width=1067&format=png&auto=webp&s=adfda99f81d2aeb321973ecaf9ca255317c7703f) + +Morgan Stanley has purchased a large position in Gamestop. This is likely due to the fact it's a hell of a lot cheaper to purchase stock now rather than when they might be forced to buy it later. + +**2) The spring bond sale** + +In April Morgan Stanley was one of the banks that sold a significant amount of bonds. 6 Billion to be exact. [Link](https://ca.news.yahoo.com/morgan-stanley-joins-other-big-210133265.html) + +&#x200B; + +[ ](https://preview.redd.it/dg8caaxsfhx71.png?width=1007&format=png&auto=webp&s=bf81c68464db7240a0e1d461738bf59ffc1f4045) + +**3) Morgans Quarterly Report** + +In Morgan Stanley's latest 10-Q you can see that their securities sold with the agreement to repurchase have grown 22.5% in 2021. + +[ ](https://preview.redd.it/hhdh31rufhx71.png?width=1855&format=png&auto=webp&s=cdd8d8f344925e859aab2c377d3f4097e9e7b6e2) + +**4) Melvin Capital's Custodians** + +Below is documentation regarding whom are the custodians of Melvin Capital. Let me be clear JPM, and Bank One are also custodians but those carry a fraction of the assets under management. I theorize that a significant amount of Melvin's credit risk is with Goldman & Morgan Stanley. + +&#x200B; + +https://preview.redd.it/k8tmp33wfhx71.png?width=601&format=png&auto=webp&s=5658dcac5aa57345e32a594ce94866874e3e99ba + +**5) Gary's Schedule** + +For those who are interested in what's going on, it's worth looking at where Gary is looking. I suggest those who are curious to take a look at the chair of the SEC's schedule. You can find it here. [link](https://www.sec.gov/foia/docs/sec-chair-calendar.htm) + +When we take a look at Gary's schedule we can assume that GS and MS are likely tied to each other in this situation. These meetings are back to back with Gary likely asking each entity what the fuck is going on with your bank and do you have a handle of what happened with Melvin. + +https://preview.redd.it/32hmsexxfhx71.png?width=944&format=png&auto=webp&s=d336f2eec5d1c655a2a0b5cb39f2d452bdb8521b + +I believe Morgan Stanley likely realized that their situation is fucked/are caught and probably should work with Gary. They have a meeting with Gary again 6 days later with all their big guns. You don't bring your legal & compliance heads unless you need to. + +&#x200B; + +https://preview.redd.it/4o6lf3hzfhx71.png?width=949&format=png&auto=webp&s=0a8c4f3558956661e66b858332dc2d9259a8c169 + +I thought it might be useful to gather the Chair of the CFTC's schedule, but after several months of waiting on my FOIA request, I don't believe they ever want that to be released. They also haven't updated their external meetings page since April 16th. + +&#x200B; + +**6) Swap swaps swaps** + +[ ](https://preview.redd.it/42inbbr0ghx71.png?width=794&format=png&auto=webp&s=daaee3ba7b7292e7445a467681dd7b82f68eb3c9) + +**7) The junk pumpers keep on pumping** + +I thought I should also include these for fun. Part of me wants to create a ETF in the future that is the inverse of Cramer & Motley Fool. At the very least its would be a better use of capital than the 4 streaming services I pay for and don't use. + +&#x200B; + +https://preview.redd.it/u223r403ghx71.png?width=1141&format=png&auto=webp&s=d0db45246ef0dc1efdc3b39be1257aef62bc528d + +[ ](https://preview.redd.it/5ya5zyu3ghx71.png?width=1000&format=png&auto=webp&s=d3232f2aa9b2fc8322724638626bd9c5af623700) + +**Conclusion: I think I'm almost kicking a dead horse when it comes to BofA, but I think there is significant evidence pointing to Morgan Stanley as a potential bagholder as well. If there is indeed the need for a bailout/bail-in please be cautious with these entities. Again nothing I say is financial advice, and please do your own due diligence.** + +&#x200B; + +\-Cheers Gfountyyc out + +&#x200B; + +&#x200B; + +**Past work/Previous DD** + +[The Complete Bank of America Gamestop DD](https://www.reddit.com/r/Superstonk/comments/nsioql/the_complete_bank_of_america_gamestop_dd/) + +[The Bank of America and Gamestop DD update. Swimming in Puts, ETFs, and the new NSFR rules](https://www.reddit.com/r/Superstonk/comments/onrzz9/the_bank_of_america_and_gamestop_dd_update/) + +[Bank of America Is Short GME And Is Positioned For A Potential Bankruptcy](https://www.reddit.com/r/Superstonk/comments/oxz8kg/bank_of_america_is_short_gme_and_is_positioned/) + +[Goldman Is A Swaps/Futures Counterparty; Theory Why We Didn't See Volume This Cycle](https://www.reddit.com/r/Superstonk/comments/pqqsz6/goldman_is_a_swapsfutures_counterparty_theory_why/) + +[Popcorn stock Delayed Memestock Endgame With Their June Share Offering](https://www.reddit.com/user/gfountyyc/comments/p3eo1f/popcorn_stock_delayed_memestock_endgame_with/) +Almost 2 years ago, I started building my own investment research platform. 2 months later I named it Gamestonk Terminal, made it open source and shared it on Reddit. The rest is history.  + +[OpenBB Terminal \(previously Gamestonk Terminal\)](https://preview.redd.it/huaueu5y4w2a1.png?width=1218&format=png&auto=webp&s=719de88f67d7068e82142d5384721594e9b1cba2) + +Since, we surpassed [17,800 stars on Github](https://github.com/OpenBB-finance/OpenBBTerminal). Raised $ 8.8 million in our seed round. Build a very competitive team and our OpenBB brand is now recognized by most in the financial space. You can read more about our story [here](https://openbb.co/blog/gme-didnt-take-me-to-the-moon-but-gamestonk-terminal-did). + +**Our mission to democratize investment research has not changed**. Over the past few months we have been heads down and building and today I’m excited to share with you the announcement of OpenBB Terminal 2.0. + +The headline is:  + +>*OpenBB Terminal 2.0 is more than an application, it’s a platform.* + +A summary: + +* We are releasing OpenBB SDK which allows developers to use a single API to access world’s raw financial data in order to build their own products / dashboards. + +The SDK will allow users to create report templates in a matter of minutes and run them for custom tickers at any time in a matter of seconds. Instead of spending hours and starting a report from scratch every single time. We envision a world where the community can share these and help each other at becoming better investors. + +https://preview.redd.it/xugy40135w2a1.png?width=902&format=png&auto=webp&s=849e723a0e16c5d67f3e7a506d537d1534a028cc + +* We are also bringing a state-of-the-art AI / ML toolkit to the financial industry, to be used alongside all the data sources our platform has access to (stocks, crypto, NFTs, options, forex, ETFs, mutual funds, macro economic data and even alternative data). + +&#x200B; + +https://preview.redd.it/ydoay7x55w2a1.png?width=1600&format=png&auto=webp&s=f2101b4c7cf978657cd8685c940944d7592a2959 + +For more information, you can read our announcement here: [https://openbb.co/blog/openbb-terminal-2-acai](https://openbb.co/blog/openbb-terminal-2-acai) + +Or even better, watch the announcement live [here](https://us06web.zoom.us/webinar/register/3016686065105/WN_pE9H-AxcQ5elFFen8Jubzg)! More than 1100 participants have already signed up to join us. + +For anything else, feel free to reach out to me directly on [Twitter](https://twitter.com/didier_lopes), or join the OpenBB journey [here](https://openbb.co/links). +I’m asking this question because I have work over the years from minimum wage where I had nothing to now having 5-6k disposable income a month. (Software Engineer) Yet I still feel anxiety about not having enough money. I grew up lower middle class and early in my life, my parents were dirt poor. There was always a shortage of money for us. I guess I took on that anxiety as I got older and my wife says I need to relax but it’s difficult because I feel like we are behind and need more and more. What’s an average amount of disposable income for everyone else per month? Maybe hearing that others are similar to me could help with anxiety. Thank you + +Update: I’m actually referring to discretionary income. So after everything like bills and necessities are paid for. I’m sorry for the mistake. +*Forgot to mention this and is quite important to this so putting it at the top as seems a lot of you never get this question in your life... my main residence is a tax haven... literally the main reason people know this country exists is for that reason. I travel and backpack a lot, so for the "where are you from" question I get from other backpackers, normally the "ooh so are you rich?" is the next question after that... yes I could lie, but it feels weird to lie about where your home is, and my ID in my wallet and passport say this country, so it would be a weird thing for me to lie about, and when backpacking it's very common to show your ID / passport checking into places etc so just makes things awkward later if I've lied and they find out* + +*Also it's the most common response after someone asks "what do you do for a job?" and they find out I don't work and mostly travel now (am in my early 30s)...* + +I’m not flashy in anyway and I try my best to never show off, but I travel a lot, a social event or when making a new friend etc eventually they will clock on that I’m on the “wealthy” side, so inevitably I get the “are you rich?” question a fair amount… + +Normally if someone asks if I’m rich, my stock response is “well I guess it depends on your definition of rich”, but that’s normally quickly followed up by something like “well are you a millionaire?” + +I don’t want to lie and say no, but I don’t really feel like saying yes either as I’m worried it will quickly change the dynamic of the relationship, especially if I know they have a low income. + +I know I can say something like “mind your own business”, but whenever I try that it normally just shuts the conversation down and looks a bit rude and then there’s an awkward silence etc. So hoping some of you might have some smoother ways to answer this +I am 32/Canadian and had a very high paying career that had a short shelf life. +During my high producing years I wanted to move out of Canada to another country where I could save as much as I could for my future because I knew my income would not last forever. + +"Abroad" was a weird term form me. Despite being Canadian and having lived most of my adult years in Canada I felt like everywhere was abroad for me. + + I was born in one of the poorest countries of Europe and lived there until I was 17 years old. The country has come a long way today but when I go back I never fit in. I definitely feel more connected with Canada than the country I was born in. + +I think a big reason why I focused so hard on work was to never get back to the level of poverty I grew up as a child. Think of North Korea and Venezuela in one combo. + In 1997 there was a complete lock down due to civil war and my family was lucky enough to survive because we had a vegetable garden and chickens. If you left your home you could be shot/robbed or worse be killed from stepping on a mine. The city was covered in them. + +The other reason was that women got treated like second class citizens where I was born and my childhood was a living hell where I wasn't even allowed to walk on the street alone (even after they took out the mines), talk to members of the opposite sex or have any friends. Dating was not a concept and if they know you are "dating" you have to immediately get engaged and then married and have children or else you are a "whore". + +I always had a bubbly personality when I was young, I liked to act, dance, and really liked learning. I was also interested in entrepreneurship and got a full scholarship at York University to study business but to my parents a woman is not suited for business and they pushed me to study molecular biology instead. I hated my University years. I battled depression and never really saw a future for myself with biology. + +I ran away from home at 19 and asked my local university what help was there for someone like me that wanted to start a business. To my surprise they were very helpful and told me about grants and loans I could apply to get started. +My first business was face painting and entertainment for children's birthday parties and events. +I remember I got a $5000 loan and it seemed like so much money at the time. It helped me buy my first car and get started. I grew my business from just me to having 10 employees, having permanent booths in theme parks and festivals in Canada. +It was hard work but I loved it. +During the time I was still in university and most of my work was summer/weekends so it worked out ok. + +I remember I was growing more and more fed up with my studies and walked out of my last exam with a smile feeling absolute freedom. I never finished my degree and I was so ok with it even if I was one exam away from graduation. +I didn't care about the crazy amounts of student loans I had accumulated. All I wanted was to grow my business and make money. It gave me that thrill that sitting in a lab using a microscope never did. + +One day I became curious about online streaming and after having a few drinks with a friend I made an application on a popular site (at the time). +The site was more like webcamming but you were allowed to do whatever you wanted on cam as long as there was no guys. + +I didn't think much of it because I was doing well with my other business. +At the time I had a rocky relationship with an ex bf and decided maybe going online and flirting with men would make me feel better about my break up. Then saw this email about the site I had previously applied had accepted my application. + +I did my first stream completely clothed, having fun and chatting with people. I made $4.00 usd which was shit but I had so much fun doing it so I started researching the industry more. +After a few more streams I decided this had a potential to be something big and I decided to make a business plan and focus on it entirely. I was constantly doing 10-12h on cam and loved to come up with new creative ideas to entertain people. + +I went from making $4.00 my first day to making just shy off a million dollars a year. +The money was not the focus but being the best at what I did was. + +During my high earning years I knew I had to save and plan for my future. Most of the other performers would have one good month making $150,000 then disappear and not be relevant again. I don't know how I managed to last in the industry for over 8 years, but I am greatful that my hard work was combined with luck and being at the right place/right time. + +I moved to Mexico when I was 26 years old. + +My life in Mexico was great the first two years. I was dating someone that was super supportive with my work schedule. It was the honeymoon phase. We would always eat out and enjoy nice places and expensive travel. I was always frugal with everything else but vacations and experiences. +Looking back my mistake was that I paid for everything and my bf at the time felt used to this cushy life that ended up expecting it. He was bad with managing money too and had a lot of debt which stupiditly I ended up paying off. + +During this time I had bought various income properties in central Mexico (in a retirement village) and the agreement was that since I was making more money with my online business which required long hours on cam, my ex was supposed to take care of property management. At first he was engaged then ended up not so pationate about it. I felt used and underappreciated. + +When I realized all this I was pregnant with our child. He told me he was unhappy living in a retirement village and wanted to move to a bigger city in Mexico. I told him we could try it out because it would offer more opportunities for our child as well. +That's where things went downhill. He constantly ignored me and refused to help with chores in the house. I had a high risk pregnacy so I couldn't do much myself either. + +After a few months he ended up cheating and experienced a mental break down, trying to commit suicide. +I was crushed. I didn't know what happened and despite my efforts to send him to get the best medical help in the country he never was the same. +I really wanted to help him get back on his feet again because I thought we were a team for life. I was wrong. + + He ended up leaving the country one day when my son was only a few months old and has not been back in over 3 years. I have never heard back from him and I don't know if he's dead or alive. + +I was crushed and myself experienced a complete burn out from work/personal loss at the time. Physically I became ill too and dropped down up 42 kg. +I knew I had to do something about it because I had a son to take care of. + +Looking back at it now it was an amazing opportunity for me to realize there was more to life than work. It helped me realize that I should have not provided everything just because I loved someone but let them provide and create on their own. If they refused I had to know they were using me as a wallet and to not get involved. + +RETIREMENT + +It's been one full year since I have been completely off work. It happened in 2020 out of all years. Before I tried to work on and off but my love for my job wasn't the same. + +I can say I feel much less stressed than I did years ago. My health is better and my sleep schedule is so much better than it was before. + +For the first time I now feel more Integrated in Mexico and I don't think I am missing out much not living in Canada. + +Where I live it's safe, it has a high quality of life and there's a lot of international business around. Not that I want to open a new business here but I think it's important to be surrounded by other people that have seen more of the world and are also successful. + +On top of that I have always felt like a hybrid of many cultures and being surrounded by people that have moved around the world means that we get to be hybrids together and they understand me better than say someone that lived in Canada/USA all their lives and never left the country. + +Mexico has many bad things as well but no county is perfect. Choosing the right location to live in Mexico is very important to not be affected a lot by the bad things. + +The pace of life is also much more calmer than in Canada and the US. This can be bad if you want to start a business here but it's a good place to be during retirement. + +Also people are a lot less "offended" from things and I find it's easier to make friends than it was in Canada. My general perception of Canada was that people in Canada are very helpful to strangers but much colder if you want to have a meaningful friendship. Of course there are exceptions but that was my experience. + +One thing I did not like about the western culture is the victim mentality that the youth of today are embracing. +If they can't get something they usually blame the government for not doing enough for them. + +Some women blame men for "the patriarchy" and some Canadians blame foreigners because 'they took away their cheap homes and they can't afford real estate' + +Having lived in a real "shit hole" country where women get treated like crap I want to remind you that Canada and the US are the land of opportunities compared to most of the world. + + Success is not guaranteed for anyone but all the information is free in English for you to look up and use it to your advantage. You don't even have to learn a second language to access it. + +Being a woman or a minority gives you the same legal rights as everyone else if not more sometimes. +I don't think most western feminists know what it's like to live in a muslim country. + +My point is: Westerners are not grateful enough for what they have. + +Complaining is human nature so of course it happens in Mexico but the majority know that their government won't do shit for them and they focus on what they can do as an individual. This can be bad too wich is reflected in the general sentiment Mexicans have for public property but that's another problem I won't get into. + +Overall i am happy where I have come in my journey. I know I haven't got it all figured out despite having a 4.5 million net worth I don't feel complete being 100% retired. + +I am currently building real estate in Mexico, investing in stocks and excercising to keep me busy. + +After things open up I will travel more but the urge to have everything figured out which I experienced immediately once I stopped working is less. + +Also: It's lonely at the top: + +I like to think of myself as an easy and approachable person, however I think having a different upbringing and dedicating and reaching high levels of financial success at a very young age, makes relating to most people not as easy. +I think humans form stronger bonds when they share and solve similar problems together. That's why I lurk in this forum from time to time. It makes me realize at the end of the day I'm not alone. + +A lot of the questions that get asked here on a daily basis are questions that I ask myself all the time. + + The funny part is that no one has the answers, I don't either and the more I live the more I realize that the answers don't matter. + + The only realisation I have so far is: + +The key to being rich is living in the moment, enjoying the company of your loved ones and being greatful for what you have. + +Don't let your brain trick you into overthinking and stay away from the compulsion to use fatFIRE calculators all the time. + +Just get out for a walk instead and leave your phone at home. +We could be hit by a car tomorrow and none of that shit matters as much as you think. + +Edit: since many have asked the country was Albania. +I responded here how I ended up in Canada: + +https://www.reddit.com/r/fatFIRE/comments/lh30x8/my_expat_fatfire_journey_abroad_long/gmwn401?utm_medium=android_app&utm_source=share&context=3 +My wife and I have multiple offers on this piece of property that we are selling. + +One of the offers is lower than the current highest offer by $5k. I learned that it is from a single mom who has been looking for a place for months and keeps getting beat out. + +I know that I need to have a logical, level head here, but my heart strings are being tugged because I know what it is like to have a single mom trying to find a place, because I went through that when I was young. I lean towards accepting the lower offer. + +Is it okay to be sentimental and emotional about decisions like this, or is straight numbers the way to go? + + +Update: Thank you all for the kind words! Never did I imagine that I'd be in a position like this before. I think back to growing up, when I was moving from house to house with my mom before we found a place, and I never knew or understood how hard it must have been for her. + +I know that there is a chance that maybe my heartstrings are being manipulated. In the grand scheme of things, I'd rather be guilty of the sin of giving when I shouldn't have than of the sin of not giving when I should have. + + +Update: My wife and I decided to accept her offer. In the end, if we can make a difference to someone, then the difference is an amount we'd gladly pay. Maybe God sent the offer to us because we are the ones who'd be able to bless her life. However we want to look at it, I think she will be better off for it. + + +Update: People are really concerned that I'm being manipulated, wondering how I know that this lady is a single mom, or how much I can trust my realtor, etc etc. Basically, what happened was that we received a few offers on our place. While going over the offers, I asked my realtor (whom I know very well and trust highly) if they knew who the offers were from. They then told a brief description of the people, one being a single mom with two kids and the other being a young couple just starting out trying to find their first place. + +That is literally all the realtor told me. I didn't read an offer letter, I didn't get many more details than that. But the thought of this single mom just got stuck in my head and I couldn't get it out. Some people may call it being manipulated, or foolish, or hoping that they aren't going to make the closing process miserable for me. I hope all that too. + +But growing up, moving from house to house with my own single mom, I can't imagine how that felt for her. But my heart is full with this chance, this slim chance, that maybe I can make a single mom's life a little easier, to be able to maybe spend more time with her kids, to have a better hand dealt to her for once. Maybe, just maybe, I can do that for her, and the money I'm leaving on the table is worth that to me. + +Update: Interpret this how you want. When our realtor told them that we accepted her offer, the other realtor communicated that the single mom broke down and cried. +I see a lot of people talk about O for a nice monthly dividend but never see too many about MAIN. MAIN is cheaper and has a higher dividend yield but I don’t know the logistics of the company, I’m still rather new to investments and was wondering if O is just the safer option or if MAIN is just often overlooked. +Been broke most of my life. I hate work. I do as little of it as I can manage. Jobs don't pay, in my experience. Motivations aside, I assume that neither of us have any money for this venture. We're still going to have a good time, eat right & avoid going without as best we can. There's a few things we can do that just keep costs down & allow you more resources for drugs or sex toys or cigars or whatever. + +Shoes: they're expensive, they effect every step you take & shouldn't look like they're 10 years old. Mine are 10 years old. Buy military boots. Preferably jump boots or winter boots, I have one pair of each. You won't be wearing them in a war, so they last a while. Idiots who jump to conclusions will assume you are a war hero, so if there's dumb patriotic people around you'll almost certainly be treated well & thats always nice when youre broke. Also, literally everyone looks good in boots. + +Food: this is a big one. Make or break happens a lot in this category. You have never heard of a "rest-a-raunt," sounds fancy/expensive. Noodles, potatoes, lentils, beans, cornbread, oatmeal! Stay cheap, plan ahead. 'Convenience' costs extra, so make more than you need & eat leftovers. Get a damn crockpot. Pork roasts, sausages, eggs & tenderloins are all great protein sources that cost very little. Slice a cheap tenderloin into boneless chops for several cheap meals! Stews are the greatest thing ever & cost very little to make a whole lot. Ground flax makes a great stew thickener & a huge bag is like $4. Another good practice is to buy bulk. I buy 50lb bag of rice & vermicelli noodles by the bale. Even if the money all runs out, I already bought the noodles! Grow beans! Beans easily grow fucking everywhere, require very little space & care. Growing food is like printing money. Mustard greens & radishes are also very quick & productive but require very little from you. Check out the international markets! Maybe you can score a daikon or similar large veggie for cheap! Lamb sausage, beef bacon, shark steak...you'd be surprised how cheap I've found them! I had a friend from another country show me fruit syrups/molasses. Pomegranate syrup is very cheap & a little bit added to a gallon of water with palm sugar is a heavenly drink on a hot day. + +Vice: stop smoking! Ok, yeah, I can't quit either. Easier said than done, right? Smokes are too expensive for us poors...or are they? Couple things to consider: nic lozenges. Theyre not too shabby, I think. Very good on price! $25 gets me 3ish weeks worth. I supplement actual smokes with them. For example, ill get a 20 pack of decent cigarillos (punch or Excalibur, typically) for $15ish & only have 2-3 a day. I just have a lozenge the rest of the while. If one wanted to get REAL CHEAP, I would suggest buying a decent tobacco pipe for around $50 (save up) & smoking pipe tobacco for around $5ish an ounce (an ounce used to last me well over a week) from a pipe shop. I used to buy a massive bag of decent pipe tobacco the size of a good watermelon for about $15 & smoke it for months. Talk to the pipe shop guys, they can get you deals & promos & samples. + +When in doubt: just ask or check the trash! All sorts of perfectly good shit gets thrown away for no fucking reason. You need to try & intercept that shit. Even better if you can match it to people who need a helluva deal (for a small fee). Find the guy who hauls the trash, he's prolly broke too. Y'all are friends now. Bring him some of your stew & tell him where you got these cool boots +. +Friends: holy shit you need friends! They'll help you find good deals, be your roommate or share some stew! Friends can find you house parties, scrap copper & better jobs (if you're into jobs). Friends will also provide cheap entertainment & might even keep you off the street when things get real bad. I once slept on a friend's kitchen floor for 3 months in exchange for cooking win-cakes & rolling joints every night. Win-cakes are pancakes with candy in the batter, for those who've never truly lived. +Be broke, don't be a mooch. People really do know the difference. Share what you got, especially knowledge. I figure if this guide helps just one person be a little more comfy while in poverty, then I've done my part. + +For more broke-ass, no-money-havin, empty-pocket tips 'n tricks...talk in the comments or hit me up. I been broke a long time & I like helping people. +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! + +What are some trends you see in the market to capitalize on over the next 2-4 years? + +A few industries I see really growing in the short to medium term that I've started to look into are: +1) Battery Technology and Battery Minerals +2) Open Banking and Fintech (including Crypto acceptance) +3) Vertical Farming + +What other industries/companies do you see booming in the short to medium term and want to invest in early? +I like reading other's stories so I thought I'd post mine. I am very fortunate to be in the position I am in and definitely owe it to my parents who taught me strong personal finance values and paid for my education. + +Current assets: + +* Checking: $3,160 +* Savings: $18,713 *- should I move this into an investment fund?* +* 401K: $32,376 +* Roth IRA: $35,167 +* Investment fund: $12,489 + +**Total: $101,905** + +&#x200B; + +**2018** + +* January - Graduated college with a net worth of $20k, my parents paid for my college and I was lucky to not have student loans. I took extra classes to graduate a semester early in order to save my parents some money +* I was able to grow my net worth to $20k by graduation by always working throughout college. I went to school in a large city and worked year-round. On top of a full course load, I alternated between working for the school and completing external internships. +* I opened a Roth IRA my sophomore year and maxed it out annually. I remember thinking that once you put in money, it would just grow automatically... it took me over a year to realize I needed to actually invest the money. +* August - moved to a HCOL city and started a job with $85k salary and $10k bonus. My rent was $1500. I have 3 roommates in a 2 bedroom apartment and my rent is considered pretty average for the location and space. + +**2019** + +* Throughout the year, I targeted a savings rate of \~40% (post-tax, pre-401k contribution). Being in a HCOL city, I was surprised that I was able to save so much while still feeling like I am able to enjoy my time with my friends and enjoy what the city has to offer. +* My work provides most of my weekday meals which greatly reduces my costs. However, I still cook on the weekends and would like to think that I would bring in at least half my lunches to work if it wasn't provided (may be wishful thinking) +* I religiously track my spending in excel and group my expenses into different buckets. I use these buckets to determine which credit cards are the most beneficial given my spending habits. I use credit card bonuses to pay for my vacation flights. +* I also churn bank accounts and estimate an additional income of \~$2k from this. +* Being in a populous city also has the benefits of lots of app promotions and deals. I subscribe to lots of different websites/apps that offer discounts to activities and restaurants in the area, and I use these quite a bit. I try to regularly remind myself to only use the discounts on things that I would've done anyway, but I am curious if this one is actually saving me money or not. + +**2020 and onwards** + +* Received a bonus of $25k and salary bump to $100k, savings rate increased to \~55% +* I want to maintain my spending habits for the next 1-2 years. Although my living situation is not ideal and would really like to move to a no-roommate apartment, I anticipate potentially changing jobs soon. In the case I have to take a pay cut, I just want to make sure I don't lifestyle inflate too much just to deflate it later. +* Having an SO with a similarly frugal mindset helps a lot. We do a lot of stay-in cooking dinners and enjoy each other's companies just walking around the city and doing free activities. +* Although I realize I am very fortunate and have a high income level, I am still very proud to have saved this much. I try not to talk about finances too much with my friends, but I am consistently shocked at how little my peers are saving with similar income levels. +Listening to [this video of Buffet and Munger](https://youtu.be/0-XKPoxAGlU), they make a strong statement: **”Diversification is for the know-nothing investor”**. In Buffet’s view, if you know how to evaluate businesses, and have a list of top 5-6 great businesses, it makes no sense to diversify and put money on your 7th (or 37th) best idea. My question is: how does anyone know if they “know a business” other than to experiment and try out their ideas? I’m not a business or finance major, investing is a side hobby for me (and of course necessary for retiring comfortably). The whole point of being on this sub is to try and do better than the “know nothing” folks. But how to you get there? What specific skills do you learn, and how do you validate your ideas? +One of the things that amazes me currently in this market is that, it feels like we are trying to justify every new coming hot tech/growth company as if they are the next AMZN in their field. I think one of the delusions people are having lately is that they look at what people projected for AMZN 5-10-15 years ago and compare that to what actually happened. + +While it is true that AMZN exceeded any sort of expectation by a huge margin (and did this consistently, year over year) it feels to me that we are taking perhaps one of the most unique success stories ever and then extrapolate that to others, thinking that as if those sort of growth and expectations are in fact more common and easy to achieve than not, regardless of the industry the subject company is operating in. + +I could discuss this for a number of stocks, I wanted to open discussion for TSLA. As we all know, TSLA stock went up almost 8 fold in the last year. Today, it is common occurrence in the market that analysts are justifying these price levels and state why TSLA is just more than a car company. This argument obviously has its own merits, but aren't we little ahead ourselves and already attribute *from today,* all those things that could potentially be achieved and bake it into the price? + +If we went back in in time, we could probably say AMZN was more than just a book company, but could we really say that they would have almost monopolistic power in most of the areas they operated in? Could we really say back in 2008 that AMZN would emerge the market leader in something like for instance Cloud? Or, did these things happen and then we realized how great AMZN became, *after the fact.* It feels like this was much easier to do in hindsight. But what if AMZN is truly that one outlier, anomaly, in the history of stock markets in terms of sustained growth and market power? + +Isn't this what we are trying to do with TSLA here? I do think Elon is one of the greatest minds of our time and can achieve far beyond any other has achieved so I am not comparing Bezos or any other with Elon here. But what I am trying to say is that, just thinking TSLA as a company, aren't we already saying today that they already have monopolistic power in EV cars, autonomous driving, solar-energy trade, underground tunnels, robotaxis, etc. - you name it, as if they are already there and waiting to be switched on? It's as if we have already attributed everything we could imagine could happen and already announced TSLA as the winner. + +Now this is the theory side of things. **How about financial side of things?** + +I don't want to approach this from a car sales point of view, but I will make certain comments. + +But what if we applied AMZN's growth trajectory into TSLA, without focusing too much on car sales, and just see what growth and valuation that would lead us? If TSLA is just more than a car company, what other example could serve best in terms of growth, thinking from an array of products and technological advantage perspective? + +So I did a quick and dirty DCF calculation. In there, my starting point is the first year when AMZN hit $24 billion in revenue, which is 2009. TSLA achieved it's $24 billion in 2019, so from there onwards I am applying AMZN's growth trajectory for the following 10-11 years. Then, growth is gradually reduced in going into the terminal year. What this means is TSLA will be roughly $900 billion revenue generating company by year 20 (2040). From a car sales perspective, I can't really project how many cars it could sell in 20 years, but lets say it is 10 million cars. (I think GS said 15 million). Toyota in 2019 sold around this number I believe so with all the competition that will happen in this space, I think this is by no means and under-estimation. In 2019, TSLA sold roughly 367,500 cars and for a total revenue of $19.2 billion (excluding regulatory credits). On average this equates to $52k per car. In 20 years, car prices will be higher than what they are today obviously, but there will be competition and economies of scale to bring the price down. This one is hard to assume but let's say it grows 1.0% - 1.5% per year with long term inflation, again not necessarily higher because of these offsetting factors. If they do indeed sell 10+ million cars, this is roughly $600-650 billion from cars. + +This leaves you with another $200-250 billion or so for other things, whatever you want to attribute this for - AI, robotaxies, insurance, and so on. Now this figure is a future value, so from today's perspective (using a discount rate of 8% used in my DCF below) that's roughly $60 billion (revenue). This is again a huge number, as it is almost another Facebook, 2x Coca-Cola etc., or half of GM/Toyota type business from revenue generating capability, again, from *today's perspective - none of which has already happened.* + +Once again I want to point out that my revenue projections are not driven by bottoms-up car sales, rather, I am using simply AMZN trajectory in terms of growth, then try to attribute the resulting final revenue figure into parts, obviously majority being from car sales, and the rest from whatever you can think of. (Simply because we don't know what AI/Robos/Insurance/Transportation businesses can generate from revenue/profitability/market share perspective and more importantly what the competition in those areas can be). If you think TSLA can grow even more than AMZN, then I just want to remind you that you won't easily justify 40-50% revenue growth rates once you're in the 50+ billion zone, which is the point of the argument. AMZN, still achieved those growth rates when it had 100+ or 200+ billion, which is what we are already assuming here. + +So in the stock price we have baked in, from a revenue perspective, a car business that will sell at least 10+ million cars (this number can obviously be higher but even 10 million will be big market share), and other businesses that are worth, today, more than most companies you can think of. + +Now this is the growth side of things. How about margins? + +We know TSLA generated a last twelve months EBITDA margin of 14% as of Q3 2020. While margins from car manufacturing is certainly improving, most of this margin is actually attributed to sales of regulatory credits, which are by definition almost 100% profit. And so in reality, the margins are much lower, maybe around low single digits between 1-5%. Now this is important because even with all this revenue growth (and if you disagree with me and think it will even be higher), you still need to achieve big margins on your business. I mean really really good margins, we are talking about 15-25% each year. Interestingly, AMZN, while growing its top line crazily over the years and becoming a behemoth as it is today, always lacked in terms of their margins. That goes without saying they are a tech company that typically exhibit great returns on capital. So the point is they had to sacrifice their margins to be able to achieve this growth and this is an important point. + +In my DCF, I am extremely generous. I kept TSLA's EBITDA margins at 15% for the next 3 years, bumped to 17.5%, 20.0%, then to finally 25.0% every 3 years in going forward. Once again these regulatory credits will not be there forever so those margins are extremely optimistic at this point. They might indeed achieve 25% margins in 10 years or so but it won't be this smooth. + +With these two major factors, other items in the DCF are not super important. The discount rate is 8.0%, which I believe is reasonable, NWC and Capex assumptions are in line with what they are today and I don't think they would necessarily go down (if not go up). I just want to mention that you may completely disagree with some of the assumptions I outlined above. The point however is no matter what sort of DCF you come up with, you will end up either with lower or slight higher value for TSLA, using very, very aggressive assumptions for 10+ years. So the point and question is around the **margin of safety** here. + +It seems I can't directly post pictures so here is the link for the DCF: + +[https://ibb.co/mSHDcBh](https://ibb.co/mSHDcBh) + +You might wonder, well your price is even higher than what it is today so why did you write this. + +Once again my whole point in the argument was that the margin of error in TSLA's stock price right now is non-existent, because we've already treated it the next AMZN, gave the best margins possible, attributed big bucks on its other stuff. I think my DCF is still in the unreasonable side, but I wanted to point this out that even a s*light change in trajectory would mean a totally different path and stock price for TSLA.* + +So the question is, are we ahead of ourselves with TSLA? This could also apply to others as well, this so called growth companies. It is as if we are pricing everything today and think that they have already achieved incredible market share in everything they touched and it's only a matter of time that these revenue/profits are realized. Are we taking one anomaly and applying this rationale for every other great company under the name of "it's tech"? Elon is great and TSLA will be great. But the business model may not just allow them to be the next AMZN, regardless of technology or improvement. + +One final comment I will make is related to autonomous driving and data TSLA is collecting. While it is for certain that this data gives TSLA an incredible power in developing this technology, I see couple of issues with this as it relates to future of this thing. + +Companies such as Facebook are big not because of their software, but because of the network effects they exhibit. And because of those network effects they become larger and larger and are able to collect more data, which creates an incredibly profitable cycle for them as they can monetize that data right away. Data for TSLA here only matters in developing that technology. Monetization however, is another story. + +What I am not entirely sure with all this AI story is that if it needs to continuously get updated for use, then how do regulators/companies determine the older version was safe to use to begin with. What I understand is that AI is something that needs to get constantly updated based on data, challenge here is that you are carrying people's lives here (as opposed to targeting ads) so there needs to be an infliction point where the full autonomous driving AI software should be at a point where it is certainly 100% safe to use. Because if it is not, then the technology fails until it reaches to that point. If it does reach out to that point, then how difficult is it going to be for others to get to that point or use similar technology if what you need is to get from point A to B safely. + +Besides there is the price factor in as well. Let's say TSLA is the only one who can do this. If autonomous driving is too expensive, then how much will people pay for it? Say if the car is 50k and you have to pay extra 50k on top of that - would you do this? Would this have a cannibalization effect? Or if it is monthly subscription fees, would you go on to pay this forever? How significant will the cost be in 20 years from now when others presumably also start providing some sort of service. + +On the other hand, if it is not expensive and only a fraction of the car price, then how are you going to achieve these growth levels with that data and technology to begin with. It is one thing to have a great technology, another to monetize it. They might license it for sure, but then you lose all that power right away. So the question then becomes, will it be a niche product or commodity at the end of the day - either of which will not allow you to have incredible returns. + +What are your thoughts? +&#x200B; + +[Gain Porn](https://preview.redd.it/e9fci7lucun61.png?width=1125&format=png&auto=webp&s=d4207c58310dbff4febf197a6761a34816bb7712) + +Super happy that I finally squeezed that last bit of theta off this a.m. to lock in that thetabanging five bagger!!! + +Holding all cash atm to take a breather and wait for the next set of opportunities to show; definitely expecting more volatility to come in within the next week or so. + +Positions closed this morning (so I don’t get banned for not posting positions): + +* GME PCS 35/40 Strike Exp 2/12 +* AMC PCS 4/5 Strike Exp 2/12 +* SPCE PCS 45/50 Strike Exp 2/12 + +Started with $52k of savings in my RH account during early days of 2020 aka pre-covid era, and been spreading options since then. Strategy is all call or put credit spreads on multiple tickers at any given time, 10-15 DTE, at around 16-40 Delta. + +Planning on doing a full writeup of my experience/strategy later if and when I procrastinate on my studies again. Happy thetaganging! + +**~~Full Writeup~~** + +Heads up, I also secured a subreddit under the same name as my account to share all my thoughts and opinions in one easy-to-access place, where I will re-edit this writeup with more context and detail on each line item above for sharing with non-theta-gang Redditors. Thanks for reading! + +**RE-EDIT:** I refined the write-up with more details to allow options beginners to better understand my strategy. Check my post history to find it. Thanks! +Hi guys, + +Yesterday I got tired of trying to pick rockets and decided to create my own FOMO "ETF" that I can set and forget. I understand this should probably be over at ausfinance but due to the actual shares involved, the fact no boomer would buy this, and the good chance I stand to lose a lot of money, I thought admins might cut me some slack. + +I've tried to select for stocks that haven't rocketed, as I don't like buying into momentum. If you have any suggestions I'd be happy to hear them, my criteria are pretty light. + +I put 20k in and will track it as a share price (starting at $2.00). + +It closed yesterday at $1.95, due mostly to the opening brokerage. + +Ticker - AvgPrice - Weight + +ADS - $0.027 - 5.10% +CCG - $0.095 - 5.10% +CXZ - $0.017 - 4.50% +DRO - $0.178 - 5.10% +HFY - $0.084 - 4.86% +HT8 - $0.205 - 5.10% +HYD - $0.270 - 5.19% +ID8 - $0.160 - 4.94% +ISD - $0.145 - 4.76% +IXC - $0.780 - 5.33% +KYK - $0.079 - 5.03% +MOB - $0.085 - 5.10% +RHT - $0.200 - 4.97% +RNT - $0.046 - 4.66% +SCL - $0.020 - 4.84% +SEN - $0.056 - 5.10% +SPA - $0.153 - 4.93% +ST1 - $0.395 - 5.10% +UBN - $0.075 - 5.17% +MPR - $0.000 - 0.00% +AAA - $0.000 - 5.13% + +\^ Don't at me about brokerage, I'm aware. +\*Beginner Alert\* + +&#x200B; + +Hi , + +How do you guys research small cap stocks for big gains + +like for example this stock GPV.V is 32$ now from 2$ 6 months ago. + +I know no one has a crystal ball but how do you guys get in early and see the potential + +what kind of educated guess or assumtion or data you guys look at what is your methodology to + +spot entry points early. Or is it all pure speculative like you see this stock 6 months before over here + +on reddit or at a Facebook group and took a wild / blind kind of a risk. Do you guys follow some small + +cap Canadian gurus ?etc etc etc. + +Please share your strategy which as worked for you and on which stock. + +Would really appreciate some help on this. +Per them, the 'Money in Excel' feature would help users import information from their accounts into the spreadsheet. It has been launched in the US as of now. It uses the Plaid plugin to connect to accounts. (Yes it would mean sharing login information in the template.) + +More info at: [https://www.livemint.com/technology/tech-news/microsoft-excel-s-new-feature-will-help-users-manage-their-finances-11592291632501.html](https://www.livemint.com/technology/tech-news/microsoft-excel-s-new-feature-will-help-users-manage-their-finances-11592291632501.html) +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! + +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.](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: 2048 days +Why aren't there more cheap apartments? + +It seems like with how many people struggle to make rent, there would be consumer demand for cheaper apartments. + +What exactly is keeping the market from fulfilling this demand? +Suppose everyone in this world is a rational consumer. There are two e-commerce company Amazon and Flipkart. Amazon starts to offer lower prices across the board. Everyone being a rational consumer, starts buying from Amazon exclusively. This drives Flipkart out of business leading to Amazon's monopoly. So, were the consumers rational? Can people ever be rational consumer? + +Edit: I think I should elaborate what my definition of rational was a bit more. By rational I ment a consumer that only looks at his budget and the price to performance ratio of a product. Other factors like brand value and asthetics do not matter if the performance of the product is satisfactory. +TL:DR - Kenny’s team are whining in court tomorrow about IEX’s exchange which will severely limit Shittadel’s ability to rip retail off. Their argument is that they represent retail. Let’s make it clear to the court that Kenny et al are full of shit. +Also, if you want to put your tinfoil hat on, look which side of the political spectrum Ken donates heavily to and look who appointed these judges. + +I’m posting this because the other posts are getting slid with the Wu-Tang hype. Hopefully one post will gain some traction. + +Thanks to u/far_bass_7284 for putting together the below text: + +QUEST OBJECTIVE 1 : FORM 1 WRINKLE + +Get wrinkled about Citadel's abusive scalping practices and the case in general by scrolling through this speedrun-style DD post: + +https://www.reddit.com/r/Superstonk/comments/qdqmbm/for_the_apes_that_prefer_their_dd_in/ + +And then if you are interested in learning more this is the best writeup I've found: + +https://risingcandle.com/business/citadel-vs-sec-court-hearing-on-october-25th-all-you-need-to-know/ + +And our arm's length Reddit folk hero HFT expert David Lauer wrote a great post about this case specifically right here: + +https://www.reddit.com/r/Superstonk/comments/qaqv7z/citadels_lawsuit_against_the_sec_over_iexs_dlimit/ + +QUEST OBJECTIVE 2 : DO A THING + +Now that you have all the doc #s and details, you can pick and choose the parts that make the most sense to you and file a complaint about Citadel's abusive scalping practices at www.sec.gov/tcr + +I'd say contact the judges' offices first thing Monday morning, perhaps? The judges are Rao, Sentelle, and Walker and their key details / office #s are in the speedrun DD post I linked first. + +Good luck apes!! …and don’t forget to BUY, HODL and DRS your shares. + +Edit: for those on social media - #citadelisnotretail +#citadelisnotforretail + +Edit2: Live stream - https://youtu.be/0EIpcCdBK-U + +Edit3: Live stream - https://www.cadc.uscourts.gov/internet/sixtyday.nsf/mastercalendar?SearchView&query=(%5BEntryDate%5D%3E=10/25/2021%20AND%20%5BEntryDate%5D%3C=10/25/2021)&tab=1&SearchMax=1000 +Hi. I work for a tech company. The stock is down around 60% this year. Most analysts are saying it's a hold for now. + +As a bonus, I am being offered either shares worth $50,000 or I am able to take the value of the shares as cash. + +Since the stock is at a low I was thinking its smarter to hold on to the shares. I don't need the cash asap. My significant other is saying we should take the cash because you never know, and maybe the company or economy could implode. + +What should we do? +As the title says, our HR rep sent all of our tax info in the form of W-2s to a scammer parading as our company president. I don't know why or how, but he didn't question it or call to confirm before sending. + +Regardless of how it happened, what can I and other employees do to protect ourselves? I'm miffed that the higher-ups haven't yet notified us directly. Time is of the essence here. The standing IT guy was saying "They'll just sweep it under the rug." He's the type where you can't quite tell if he's joking. I hope he was. + +I already went ahead and changed my bank passwords and submitted a fraud alert to the credit bureaus. What kind of future am I looking at in terms of preventing future fraud, now that my info is floating around out there? Am I going to have to maintain some kind of fraud alert or monitoring for life? + +Edit: My apologies folks! I was trying to go all meta with my title and refer to a similar post in the recent past which featured someone's HR falling for the same scheme. This is the first time that my HR rep has released info like this--that we know of. + +**One more edit:** My supervisor just showed me this [IRS web page.](https://www.irs.gov/uac/Newsroom/IRS-Alerts-Payroll-and-HR-Professionals-to-Phishing-Scheme-Involving-W2s) The third quoted scam email was in the email to our HR rep, word for word: + +"I want you to...Kindly prepare... to me asap." + +It's definitely not how the president writes his emails... Pretty spooky. + +**Aaand another edit:** It's 2pm CT. No official word yet from the company higher-ups. As someone commented below, it's understandable that they have to get their ducks in a row (I think I said "ducks in order" before...I'm bad with colloquialisms) before approaching all of us. At the same time, it's bothering the hell out of me that we're still in the dark. I'm credit freezing as we speak. Will update when I hear something! + +**And another:** Just wanted to follow up now that the work day is over. No word officially. I was called down to my manager's office for what I was hoping to be a discussion on the events detailed here, but it turned out to be a meeting to discuss a potential client that has historically been known by others to be difficult, unclear, and not really worth my time. Basically, they sat down with me to warn me about a future job that wouldn't be a good fit. Even though in the back of my mind, I was like, "What are you people going to do about this breach that no one's mentioned yet?!," when it comes to my actual job and its duties, they were looking out for me. + +Now, I don't want this to sound like some sappy story in order to back up the fact that my company is a good company to work for, but I do believe that. So I won't be suing anyone but will be doing my best to protect myself with the tips in comments below. + +I'll give it another day, but after that... !!! + +**Edit showing things have gotten all too real:** I was just be-bopping around my Facebook tonight and saw that my coworker was getting pestered by Facebook profiles with one friend/one pic. Those are apparently a textbook sign of someone sitting behind the fake profile(s) trying to add people in order to obtain your full birthday. I'm pretty sure this coworker is somewhat aware of the "mistakes" that have been made by HR, but not the full extent, but I warned him to NOT add any of these fake people and why. I haven't been bombarded with requests, and I don't think I ever had the year listed to even my friends, but it's definitely hitting home what is happening to all of us. This will definitely be evidence of our collective identity theft. I suppose I should try to go to bed now... At least my doors are locked? + +Thank you all for the feedback! +What got you to your first million? + +* Hours of good DD? +* Pure blind luck? +* Started off with $2 mil and lost half? + +I say this half tongue in cheek but in reality how did you get to your first million? Did you go all in, snowballing from a small amount, long plays, options, or calls? Tell us your story. +For those unfamiliar with Yang, the Freedom Dividend is a UBI of $12,000 to every adult American. + +From his site, here is how he plans to pay for this: + +>1. Current spending: We currently spend between $500 and $600 billion a year on welfare programs, food stamps, disability and the like. This reduces the cost of the Freedom Dividend because people already receiving benefits would have a choice between keeping their current benefits and the $1,000, and would not receive both. +> +>Additionally, we currently spend over 1 trillion dollars on health care, incarceration, homelessness services and the like. We would save $100 – 200+ billion as people would be able to take better care of themselves and avoid the emergency room, jail, and the street and would generally be more functional. The Freedom Dividend would pay for itself by helping people avoid our institutions, which is when our costs shoot up. Some studies have shown that $1 to a poor parent will result in as much as $7 in cost-savings and economic growth. +> +>2. A VAT: Our economy is now incredibly vast at $19 trillion, up $4 trillion in the last 10 years alone. A VAT at half the European level would generate $800 billion in new revenue. A VAT will become more and more important as technology improves because you cannot collect income tax from robots or software. +> +>3. New revenue: Putting money into the hands of American consumers would grow the economy. The Roosevelt Institute projected that the economy will grow by approximately $2.5 trillion and create 4.6 million new jobs. This would generate approximately $800 – 900 billion in new revenue from economic growth. +> +>4. Taxes on top earners and pollution: By removing the Social Security cap, implementing a financial transactions tax, and ending the favorable tax treatment for capital gains/carried interest, we can decrease financial speculation while also funding the Freedom Dividend. We can add to that a carbon fee that will be partially dedicated to funding the Freedom Dividend, making up the remaining balance required to cover the cost of this program. + +So, most of the UBI is funded through the VAT tax and economic growth. My question to you guys: **would this plan cause the economy to grow?** +Besides getting better at analyzing shit and math, did you actually learn anything that was useful to the career you wound up having? + + + We don't learn about investing , stock trading, or any practical shit, it's just bullshit diagrams and math. (maybe my program sucks?) + +regardless, what are your thoughts? +I currently work landscaping for $15/hour part-time under the table since the company I work for is new. The company is obtaining a tax license soon and the owner asked me if I want to continue to be paid under the table or if I want to be on the books -- it is up to me. + +Any advice as to which option I should choose? +TL;DR – I’m going to, again, debunk a “critical margin line” idea and dig back into why these guys are missing the much bigger point behind the price trending downwards. Then I’m going to cover logarithmic v linear for those confused on the topic and from there transition into how viewing TtR in log fits the data better and why that’s important. Finally, I’m going to dig back into Cellar Boxing, because I think that’s what this downward motion is actually about (not Marge). Last bit, yes I’m going to be showing lines on a chart. This isn’t TA as some predictive idea, it’s a historical look at what has occurred, but more importantly its DD on WHY it’s occurring. + +**1)** **The Self-Defeating Theory** + +**2)** **Log v Linear for** **~~Dummies~~** **Apes** + +**3)** **Taste the Rainbow is fitting better in log…..** + +**4)** **….Since 2018** + +**5)** **Cellar Box is the Goal, Avoiding Marge Might be a Bonus** + +# 1) The Self-Defeating Theory + +I feel like Dr. Frankenstein having to fight his own monster. In my last major TtR update “[Cloudy with a Chance of Margeballs](https://www.reddit.com/r/Superstonk/comments/vlren4/taste_the_rainbow_cloudy_with_a_chance_of/?utm_source=share&utm_medium=web2x&context=3)” I went through multiple “critical margin line” posts and explained why their theories were not holding water. I thought MAYBE that was enough to convince people that the theory was flawed. But then out of the ashes a new set of [DD](https://www.reddit.com/r/Superstonk/comments/vyv5xl/part_1_critical_margin_theory_shown_in_price/) popped up by u/deeproot3d that attempted to prove the “critical margin line” theory again. Welp, *\*extinguishes cigar in palm\** time to dance. + +First, we need to cover the purpose of a price ratio chart. The simplest way to explain it is that if I have 2 assets a price ratio chart will tell me how they have performed against each other. Even if both assets went up in $ value or down in $ value, the chart is telling you how they performed against each other. To make one of these, you go into your charting app and search for (Asset A / Asset B). All you are telling the app to do is divide the price of A by the price of B. If the candles are trending upward, Asset A is performing better. If the candles are trending downward, Asset B is performing better. The purpose of using a chart like this is that you might not care about $ value at all, you only care about which of the two assets is doing better. So let’s do a quick test to see if you read that paragraph correctly…. **If I show you a price ratio chart of Apple/Gamestop and the candles are trending upwards, which asset is holding value better?** + +Answer >!(Apple, if you said Gamestop please re-read that paragraph)!< + +Well let’s go right to the [DD](https://www.reddit.com/r/Superstonk/comments/vyv9x4/part_4_critical_margin_theory_shown_in_price/) and see what u/deeproot3d showed everyone. While not showing ALL of Citadel’s long assets, we can see a lot of them and all of the charts are set up the same way. (Citadel Long Asset / Gamestop). So using what we learned above, what do we see? OP points out that since the sneeze, Jan 2021, the candles trend upwards (blue line). So if the candles are trending upwards on all of these ratio charts since Jan 2021 the chart is literally telling you that Citadel’s long assets have held up BETTER in value than Gamestop. + +*And before you scream at me that I am fudding, this is the data. You might not like that their assets went up in value against GME, but they did. That might make you feel mad, so be it, it occurred. If you wanted me to say that these guys have been collapsing since the sneeze, the chart says otherwise.* + +“Critical Margin Theory” says that since the sneeze, Marge has been slowly descending on the hedgies and we keep on bumping into her as she descends. But the price ratio charts show that Citadel assets went up in value against GME, so why on earth would Marge be descending? If anything, after Jan 2021 Marge should have been heading upwards since the value of their collateral is going up against their short. + +One thing I will point out. Roughly around Jan 2022, we do see on all of these charts that there might be a change in direction back downwards. And that is what you would want to see, that their collateral is going down against GME (woohoo). But that turn downwards can very well be temporary. This would mean then that Marge (if it even was a line we could see) would look more like this…. + +[Marge would be that curved white line.](https://preview.redd.it/dglh2kz4xvd91.png?width=1347&format=png&auto=webp&s=3b5580c144914eee1bf6e965df56a217b21b5cd5) + +And that is nothing like what the “Critical Margin Theory” crowd describes. Citadel collateral rose against GME from Jan 2021 to Jan 2022 and has since gone down in value against GME. And that’s ignoring the SPY puts that Citadel owns which gain value as SPY goes down. + +What really frustrates me is just like when I went and debunked Critical Margin ideas in the last post, I truly can not tell if the OP’s are purposefully misrepresenting the data or if they are mistaken. But on u/deeproot3d ‘s more recent update I tried to explain the point about the trend upwards meaning that Citadel collateral held up better than GME from Jan 2021 to Jan 2022. u/deeproot3d never responded. But u/ultrasharpie, whom inspired OP’s post, responded like this. + +https://preview.redd.it/byrwczyfxvd91.png?width=657&format=png&auto=webp&s=b732983191c64d0f948099a0dea1c497e54014c4 + +Very simply put, GME has in NO FUCKING WAY, SHAPE, OR FORM held up better than SPY. + +[Maybe I'm sitting on my head, which way is UP again?](https://preview.redd.it/l20gz860yvd91.png?width=1350&format=png&auto=webp&s=dbc11bb898b5b43fa293262e47da5535e7149e46) + +The charts they present show this is not true. So now I am left wondering if these guys are purposefully or accidentally spreading misinformation, but it should be clear as day that GME has not held up against an index. This is why I consider “Critical Margin Theory” to be self-defeating. Because every time someone posts a DD on the topic of it, they either misinterpret the chart (which debunks them) or they fudge the math (which when fixed debunks them). And I hate myself everyday for speaking that blue haired milf’s name back on my first Taste the Rainbow post because everything I’ve worked on since has continued to show me how wrong I was. + +And I get it. Marge descending is a nice narrative for apes to like because it projects out some type of end date for this bullshit. I liked it for a long time too, she’s a great milf to think about. But when I’m proved wrong, I adjust my thinking and become smarter. If you want to scream that I am fudding because I’m taking away a security blanket that helped you stay positive, I’m sorry but I’m going to keep debunking this shit. There’s plenty of things to stay hyped about but being hyped over a theory that keeps failing to hold water isn’t what this place is intended for. I mean shit, I keep revising my own work all the time. It’s ok to do so when a better idea comes along. It’s fucking goofy to not adapt as new information becomes present. I’m still pretty insistent that Marge’s cloud idea is valid. It’s somewhere above us but there’s no reason for it to be a line and there’s no telling exactly where it is at any given moment. + +[At least until the next time this pops up](https://preview.redd.it/kpeg7197yvd91.jpg?width=500&format=pjpg&auto=webp&s=aaccbafc3bb24c2c77f15af1a0a8028a2b3eccdd) + +# 2) Logarithmic v Linear for Dummies Apes + +Ok, time for another short lesson to set up the next section and the core idea is how we graph data, specifically on our Y axis. The Y axis is the vertical one. In linear scale, every step up on the Y axis is the same amount. In logarithmic, every step up on the Y axis is an increasing amount. So here’s an example of data represented in both linear and log. + +[Lets pretend the y axis is the number of bananas you own and the x axis is the year](https://preview.redd.it/ra0pas1cyvd91.png?width=741&format=png&auto=webp&s=48ff1baf85293cd1e69e5b1814aa9982fcf5e499) + +Both of these graphs are telling us the same thing but they look different. In linear, we hardly see any movement until about 2005 because of how big those Y axis blocks are but at that point whatever we are tracking starts to rocket upwards. However, in log we can see that there has always been movement upwards. Linear is great when you are using data where the range in your Y axis is small, it’s easy to visualize because you are focused on a narrow area. Logarithmic is better when you are using data where the Y axis is very wide, it’s easy to visualize because **same % size moves will look the same size visually.** On the log chart y axis, 1 to 10 is a movement of 10x and it looks the same as the movement from 10 to 100 which is another 10x. The part to be careful about is that even though % may look the same, the actual value (we think in $) is different. So to summarize…. + +Linear – Two movements of the same $ amount will look the same. + +Logarithmic – Two movements of the same % amount will look the same. + +**Test – If I ask you to graph for me the entire history of the S&P so that we can compare the Great Depression to Today, what type of scale should we graph in?** + +Answer >!(Logarithmic, the Y axis is going to be huge and we’re interested in % change.)!< + +Here’s a few visual examples of the above but using GME + +https://preview.redd.it/1rv9op2nyvd91.png?width=887&format=png&auto=webp&s=434dbf761cf656aca52fe97fc91fe4c88380fb44 + +This highlights two different movements of 152% in linear scale. The $ move in May/June 2021 is bigger in dollar value than the one in March 2022 so the May/June move looks larger. + +https://preview.redd.it/3rl7zlvpyvd91.png?width=1156&format=png&auto=webp&s=85868355f8787452d9d64619649b4089a630ef53 + +This again highlights two different 152% moves but this time in log scale. There’s about a 20x difference in the $ amount of the moves, BUT visually they are the same height because they are the same % change. + +# 3) Taste the Rainbow is fitting better in Log + +I need to first shout out u/BadassTrader for being loud about the GME saga being best viewed on Logarithmic scale. If I had paid attention to that a few months ago I’d be further ahead than I am now. + +I covered moving TtR to Log scale a few days ago in a post I flaired as TA and have made adjustments since to keep improving it. I still place my 0.000 line in its same location, but now there is a repeating set of fib retracement levels below it. I dropped using extensions. Now constructing this is a bit difficult, and if you are interested in the coordinates and How-To, just DM me. But I know most people are not, so here is what the end result looks like… + +[Rainbows on Rainbows. Daily candles in Logarithmic scale](https://preview.redd.it/t1f5hxuzyvd91.png?width=1350&format=png&auto=webp&s=75ec3131083161745056c2f1e1ebe4d5b34798d3) + +This is the chunk of the GME saga we most frequently look at, from the sneeze forward. The lines are places where the price makes a decision. Either continue on or go back where it came from. Sometimes those decisions take a few days, but they happen on lines. Lines are uniquely spaced apart so it’s a bit like a key. Every key has teeth but they aren’t all the same. As I revised TtR models, its just me making the key fit the lock better (get the model to fit the data). Not to predict what’s coming next so I can trade, but to understand what folks on the short end of this are doing. As it happens, the TtR model is fitting the chart better in Logarithmic scale than it ever did in Linear scale. + +The view above is daily candles and there’s 374 candles between the sneeze and today. You can go through on your own and count the number of times that candles bounced on lines (the answer is a lot). But to show off just how well it fits now, I want to zoom in on more recent times. + +https://preview.redd.it/513qp2gczvd91.png?width=1350&format=png&auto=webp&s=5e392c5a8902baf57d5f4086c85aa3de49df38b1 + +This is roughly our last 2 weeks in 1 minute candles. In the first pic of this section it’s the little triangle we made between the white and blue line at the very end. And you’ll look at this section and say “hey, the price bounced at a lot of places in between these lines.” It did, and guess where it did. + +https://preview.redd.it/jzuyny6gzvd91.png?width=1350&format=png&auto=webp&s=787a2eff2130e506f17e74e7b6ff5878551bea0b + +We add a fib retracement in between these two lines and tada, all the places where we saw the price change directions. And then you’ll say, “well hang on, what about July 18th? It looks like there was something happening in there between those red and green lines.” Yep, and guess what happens if we add a fib retracement between those? + +https://preview.redd.it/mwjly06lzvd91.png?width=1350&format=png&auto=webp&s=673eb05a828e89fe1743c758a4fd76f37f5c2e05 + +So we have this enormous TtR structure (first pic) and within that we can add in subdivisions that should be areas of expected support or resistance (pics 2-4). And if you look back to that first pic, you’ll notice that the structure repeats itself, **however it is doing so on a logarithmic scale**. Each sequence of lines moving upwards (White, Red, 3 Green, Blue, White) is BIGGER in $ value than the previous section (but the same % change). + +Pics are ok, but the real way to look at this is on a chart you can manipulate. So if you are reading from a computer, [here](https://www.tradingview.com/chart/GME/GfRwyDuf-TtR-1-hour-candles-logarithmic-extended-hours/) is a version of the chart you can zoom in however you like. This version is 1hr candles and set to extended hours so you can see even outside of normal market hours the price is still observing the TtR structure. And remember, we can take ANY section of the chart and add a retracement between lines to help explain why a price bounced a particular spot. + +**So can I trade using this info?** + +No, not really. There’s no pattern I’ve noticed that suggests any line means down or up is coming next. Whatever market forces are pushing the price in a direction, this isn’t telling you that. There’s no timer saying “Wen Moon”. This is better described as what the ladder the price climbs up and down looks like. AND the ladder itself is continuous, you can just keep adding levels to it to find the next expected areas of support and resistance. And because this structure has been consistent for so long (more on that in the next section) it SHOULD NOT BE POSSIBLE that apes are what causes this happen. + +In case anyone is ultra-smooth and not understanding, I’m telling you this is the fuckery. + +**But what about Marge?** + +Ok, fine, lets consider a picture. + +[Can't believe there was a stock image of this](https://preview.redd.it/623wqit40wd91.png?width=1342&format=png&auto=webp&s=4e19594f7dd89f1031e0fbd76126001fd1271b43) + +I said in this post and my previous DD on the topic that the best way to understand marge is that she’s somewhere in a cloud. It’s not some static line you climb to, its fluctuating just like everything else in the market. So you have no idea how high the price has to climb to reach Marge. HOWEVER, the ladder is built with predictable steps on it. The price doesn’t always just go up, but it will always reach for a step. At some point you make contact, but there's really no way of determining where that is. + +**But there’s a Dorito!** + +Yes, I’m not refuting that wedges exist. But when that completes and the price breaks out and it is not moass, You’ll see me here adding another fib retracement and repeating that the price just changed location on the ladder. If TtR has taught me anything, it’s that believing you can connect 5 dots to understand the limits of trillions of dollars worth of bullshit requires a lot of hubris. If this sequence of support/resistance lines has been repeating for years, what about this current one makes you think it's the final one when its acted like the others? + +The TtR model does well at explaining levels of support/resistance that occurred AFTER the sneeze, but what about before? + +# 4)….Since 2018! + +I started the last section by showing you the view of the GME saga we are used to looking at, but now its time to live up to the subtitle of this post and look further into the past. + +[Yep, just keeps repeating.](https://preview.redd.it/n1ve1jds0wd91.png?width=1350&format=png&auto=webp&s=c9d3f7a6fbb9bc5ed35e4a760e8388b6455a752d) + +This is where shit starts getting crazy, because we start seeing that this channel of lines we are in right now isn’t some new thing that popped up post sneeze. This structure has existed for YEARS. and as you move along another stack of lines is added and we reliably use them as support/resistance. The key thing to remember about logarithmic scale is that while all the channels (from white to white) appear the same width, the truth is that they only represent the same % distance. If I start at one white line and measure vertically upwards to the next one the $ change will be different each time but it is always a 116% increase. Let’s zoom into 2018 and see if we were bouncing on lines then. + +[Ye Olde 2018, best not warn them about the impending Rona.](https://preview.redd.it/lr7c9vh01wd91.png?width=1350&format=png&auto=webp&s=1df3f11950f6730db0bedd6c61165b784b742632) + +Here is our L1 structure (big view) that we saw above but zoomed in on only 2018. We see some places where the price bounced on these lines and some places where the price couldn’t decide which way it would go. Let’s see if adding in retracements between lines explains some of the movement. + +[Go fucking figure](https://preview.redd.it/8er3jls61wd91.png?width=1350&format=png&auto=webp&s=de7481a515118d7812ddbcd3c3aa6aec54fd76db) + +Whether we are looking 4 years ago or the last 2 weeks, we are still moving around in this same exact giant structure. And this is why if you do chart on your own I recommend you get the instructions on how to build this from me because you’ll be fucking amazed at how far back this goes. 2018 is just the sample I gave, I’ve worked backwards as far as 2013! + +This is another reason why I think the “Critical Margin Theory” crowd is misguided in believing that there is just one more line to cross. These channels have just been stacking up for about a decade, there’s no reason to think another one couldn’t stack on top of the one we are in now. But more than that, this means that we are still in the same structure that existed WAY before even DFV looked at GME. Short players weren’t worried about marge in 2019 or earlier. They were having a ball and thinking this would be another slam dunk. So if this structure isn’t about marge, well wtf is it about? Because this does suggest that EVERYTHING is pointed downwards. + +**Before the finale, let’s look at what the TtR structure does** + +In logarithmic scale, we are seeing TtR as a series of parallel lines. But if you remember in the second section, a line in log looks like a curve in linear. What I want to do quickly is show what happens as the price of GME increases and how TtR effects that. So here is how we are going to do this. I’m going to start at the sneeze and I’m going to plot 2 variables. The daily price at each TtR line and how much the price decreased by the next day. + +https://preview.redd.it/0l9twl1m1wd91.png?width=1350&format=png&auto=webp&s=f8602cf2174679f191854c00e9477e7e653769b0 + +[excuse my shit tier graphing skills in Excel](https://preview.redd.it/wl1qnwan1wd91.png?width=1088&format=png&auto=webp&s=9b5d8940724a67316ffd037e7be5f96c26c049d1) + +What we are seeing in this second graph is how the higher up you are in price (right column), the faster TtR lines are decreasing. At $127 dollars, a TtR line drops 40 cents a day. As you go down, this curves and you eventually settle at the TtR lines decreasing a cent or less each day when the stock is around $5 in price. This works the other direction to, the further the stock gets away from $0, TtR lines decrease in $ value faster. But there is a very important point with a graph like this, the price will never ACTUALLY hit zero. The way this curve is, it will only ever approach $0. Thanks to u/Mupfather for giving me the idea to include this part in the DD. We’ve regularly communicated about TtR price decreases and when I moved to logarithmic it changed from the line to a curve. + +To smooth this out a bit, we have a bunch of parallel lines and the effect they have is that as the stock price bounces between them there is a tendency to head downwards with the lines. TtR lines decrease by $ amount faster when the stock price is higher. Even if the price climbs, a set % force is angling it back downwards. The caveat to this downwards force is that by design it can never actually get the stock price to $0. Now what has this sub learned about in the past year or so in regards to shorts wanting to get a price NEAR zero….. + +# 5) Cellar Box is the Goal, Avoiding Marge Might be a Bonus + +I believe what my Taste the Rainbow research has found is what a stock goes through as shorts are trying to get it to the point where it can be cellar boxed. If you haven’t read u/Thabat ‘s DD on cellar boxing, it’s right [here](https://www.reddit.com/r/Superstonk/comments/pmj9yk/i_found_the_entire_naked_shorting_game_plan/). What the shorts DO NOT want to do is get the stock price to $0. They don’t want their short position to ever close because as long as it is open it is tax free. They want all the time in the world to hammer the price slowly because all it does it make money for them. They want the price to get low enough that it gets delisted from normal exchanges. At that point, the stock can be completely manipulated by shorts without any risk. That’s what they wanted from the start and the fact that we still see and experience the effects of the TtR structure that’s been in place for years suggests to me that they believe they can still complete this goal. Sure, keeping the price moving downwards has the benefit of staying away from marge but they are doing so in the same way that they were when marge wasn’t a concern for them. Avoiding marge isn’t the goal, its just motivation to keep running. Getting the stock delisted/cellar boxing would be their only avenue of escape. However, dem shorts are big fukt. + +**Here are the ways they fucked that didn’t exist at the time of the sneeze, this is the type of shit to get you hyped.** + +1) GME share offerings last year put a ton of money in the war chest. If shorts are really committed to this grudge match and believe their only possible survival is to outlast apes then they STILL need to contend with GME having the cash to eventually be able to buy back their float. + +2) Price decreasing (not the split, I mean actually decreasing) means apes can buy more shares and apes have been DRSing. Taking away the shorts ability to borrow takes away their ability to push downwards. So even if we still see TtR lines as predictable support/resistance, we spend less time moving downwards with them and more time moving upward against them. + +3) GME keeps charging ahead with company improvements. As they edge closer to profitability, it means the war chest keeps growing AND the msm loses their ability to spin the company off as “just a meme” which in turn stops pushing away possible new investors. + +# Final Thoughts + +I can't recommend enough either charting this on your own or using the version I shared to look through the model. There's no amount of pictures I can post to really demonstrate how this is just nonstop in action. And the incredible part is because it is so consistent, I can just copy/paste a new channel on top of our current one and if the price really does continue to use this set of lines as support/resistance......then wtf. Is this some type of optimized path an algo has decided on? Like the computer only knows "If price equals X, apply X% force downwards"? +Hi everyone, + +It may be a stupid question, but the idea of new money as credit creation is quite abstract and as I was trying to get my head around it, I wondered... + +If money is created "out of thin air" when a bank loans someone money why is it a problem if that someone defaults on their loan? + +I get that it's a problem if another bank buys the loan, because now that bank will have paid money for something that's now just worth the collateral. + +If the bank keeps the loan themselves they do of course miss out on future instalments if the loan taker defaults, but since they have created the loan "out of thin air" they have still received some instalments and now own a certain percentage of the collateral... which seems like a pretty good investment, as they started out with "thin air". + +I can also see that it's a problem for the rest of society that the bank have made a loan that has defaulted, but I'm struggling with imagining the direct consequence for the bank that made the loan. + +I hope my question makes sense. +I know holy shit we are all excited asf. My tits ache too. +But we are only close to the end when we are seeing mad price movents, trading haults and then i believe msm will change there tune completely when its over so they dont come across like the idiots they are, plus we haven't even started to see the margin calls fail. +All these "this is it" "last chance to buy" is only going to discourse newer apes when nothing happens or we get a rug pulled again. Cuz its dam possible. Its happened multiple times. +These wall street fuks are in a loosing battle, YES! but dont you think these SHF have a whole team of people to work around some more bs. They have friends all over in high places. + +Its been a long year. But so far nothing has changed. +Trust in RC and team, and wait. +The fight isn't over till its over. And we dont know when that will be. +Till then deep breaths + +🚀 + +Edit: Personal hype. Fantastic im jacked son trust me. But front page end game again post make us look retarded and laughable when its proven wrong. Like RC we shoud be silent unless we have undisputeable proof, imo. + +💜 all you retards + +Edit 2: ive browsed some of your comments sorry been working diggin holes. I'm not saying dont be hyped lol. (I am not the anti hype police) +Investing in GME is THE best thing ever to happen. Im just saying we should chill and ride the ride, we fucking got this in the bag. But we can't speculate the end game. We will know its the end game cuz it'll come crashing on us like a ton of bricks. Moass will come out of nowhere. Thats my opinion. + +Edit 3. Some of you seem to not get what i was trying to say. I wasn't trying to piss anyone off. I didn't expect this to gain any traction. I am just a simple building man. I was just speaking my mind from what ive read on here over the last few days. +The internet is the Internet. And some of you are kinda rude +people. Really check yourself. If this is your mentality now. To name call and bash people for their opinions. What are you gunna be like when ya filthy rich? + +THANKYOU ALL for the awards. Like fucking hell wtf 💜 + +💎 +🙏 +Everyone has been going crazy about Gamestop's NFT marketplace, Loopring's Q4 partnership announcement with a "premium" partner and all of this has been happening while the world is shifting their consensus about crypto. Many of you don't realize it but congress had a meeting not long ago for the sole purpose of mass adopting crypto into the financial system. Crypto is coming. Companies are beginning to realize this. Elon Musk's crypto pumps earlier this year were just a signal for the much less vocal parties adapting the same thing. He wants to be the one who said, "Well I told you." because he's a degen. + +Anyway, it's very possible that the Loopring Q4 report "worth 10 quarterly reports" is based around multiple companies adapting crypto. The reason Gamestop is so heavily involved is simply because of Matt Finestone who was basically the bridge between the two. + +Lamborghini tweeting to the moon and "soon" **on the SAME day LRC announced fiat ramp and wallet** is fucking crazy. What has been the theme around meme stocks and crypto for the past few years? "Lambo or ramen" Something big is coming to the crypto world and that world being bridged by Gamestop and LRC is a beautiful thing to be apart of. + +I don't believe Gamestop is partnering with just Loopring. They are going to be partnering with a number of companies and they're all going to be coming together thanks to blockchain. + +#EDIT + +For those that don't know, LRC is not a coin, it's a token. + +* Company ABC comes in and says, "I want to be able to earn BTC in my store" +* Loopring says mkay: +* Customer swipes their card-> debit card(cash) -> LRC -> BTC + +The customer did not own BTC or LRC. However, the store just received BTC for the customer's CASH purchase thanks to LRC's protocol. + +(someone correct me if I'm wrong) + +#EDIT2 + +> Utility tokens offer the right to a service or product +> A utility token has a wider functionality than a coin. Utility tokens do have value, but they cannot be considered money as straightforward as a coin. +> +> Utility tokens can provide value to investors in different ways. They give users access to a future product or service. +> +> Typically, a tech startup develops a digital product or service and initiates an ICO (Initial Coin Offering). During the ICO, the company sells utility tokens. Investors can buy these tokens and use them as a means of payment on the platform developed by the issuing company. +> +> A Uber token, for example, could be used to pay for a ride with a Uber car. But not for anything else. If you wanted to use the Uber token to buy another product or service, you would first have to exchange it against either fiat money or a crypto-coin such as bitcoin. +> +> In practice, the use of these terminologies is not as sharp and clear-cut. The terms “coin” and “token” are often used synonymously. The blockchain industry is still young, so the language will evolve over time. However, most industry insiders agree on the broad distinction that a coin is cash and a token is basically everything else. +That's literally impossible. Remember, the original goal of SHFs is to knock down share price to nothing and have the company delisted. Think about it. That is their ONLY out. But they absolutely cannot do that. There is a certain pricepoint where if they knock it too low, apes will band together and start a buying frenzy to kick-off MOASS. *They wanted to keep driving the price of GME down so low and we are preventing them from doing that!!* Too many eyes are on this. They have no out. + +It gets significantly harder every day to not let GME run. It's NOT sustainable. It's costly, tiring, complex. The system is imploding RIGHT NOW. All they have is psychological tactics. They are desperately letting this drag out to shake off investors. GME's crazy, cultish investor base is its biggest asset. It's unprecedentedand and it pisses SHFs to no end. Understand your enemy. Understand they want you demoralized. Be strong. + +We're not selling 🖕 +Im a 23M SWE working at Tech. I would say, my parents are definition of lower-middle class. All they got is an emergency fund and money to pay bills. They rent the same apartment I grew up in, where we have a slumlord. + +My goal is to fatFire but at the same time, I don't want to leave my parents financial state on stand-by. We live in a HCOL area and my parents have no intent in leaving. My parents are immigrants and don't think they wanna go back to their native country (mostly due to my mom). + +First thing I had in mind was buying a multi-family property and giving them a unit or gifting a down-payment on an affordable condo/townhouse to at least get them out of the rent cycle. + +They have $0 in retirement, but they did a hell of a job raising my sister and I. + +Anybody here with similar situations? They are 50 & 61 years old. Very healthy still. My younger sister is graduating with a STEM career, she'll do just fine. My motivation to fatFire is to give back and secure my family. Wondering how is the best way to do it. Any advice? + + + + +EDIT: Thank you all for your advise. This sub is always solid, glad I posted this here. To add some context, my future partner makes the same amount of money as me. We already live together and share financial goals. We plan on being DINK until we're almost 30. She wants to help my parents just as much as I do, they have been there for her too. +I'm 23 and looking to invest in real estate. I currently rent, don't own my house. + +Currently making $65-80k/year (varies due to commission) and have $20k saved up. + +I found a 3br 1.5ba house 45 minutes away in a pretty rough area, but up and coming, for only $50k. Currently is rented by long term tenants who have been there for 4.5 years. + +They rent for $700/month. + +If I put $10k down, it would cash flow about $400-$450/month. + +I like this property because I'd be starting small, and that makes me feel safer. But I don't know if it's worth it, why not just go bigger and buy a triplex? + +I don't know. The numbers seem to work on this deal though, and that's all I care about. + +If it was $300,000 and the numbers made sense, I'd do that too. But I can't find anything that works in that price range. + + +Would this $50k property be a bad decision? Good decision? Should I just keep saving and go FHA on a triplex? Just looking for general advice +The boss makes a dollar, + +I make a dime + +That's why I mine on company time. + + +And they think the bill is high because of the air conditioning + + +I also spend 1/3 of the time browsing Reddit and watching the charts but that's none of their business... + +Happy Monday everyone! + +Disclaimer: For legal reasons this is purely a joke. +> **Bitcoin Just Plunged 20% in a Matter of Hours** + +https://www.bloomberg.com/news/articles/2017-11-29/wild-bitcoin-ride-erases-2-200-in-five-hours-after-record-rally + +> Bitcoin plunged as much as 20 percent hours after a rally past $11,000 generated a surge in traffic at online exchanges that led to intermittent outages. + +> The plunge capped a wild day for the largest cryptocurrency that included a breakneck advance to a high of $11,434 before the reversal took it as low as $9,009. As of 3:36 p.m. in New York, it traded at $9,911.10, virtually unchanged from where it began the session. + +> The heaviest selling came amid reports of service outages and delays on some of the largest online exchanges. The extent of the problems on platforms such as Coinbase and Gemini remained unclear, with several saying massive spikes in traffic had caused unspecified problems. Coinbase remained unavailable to some users. + +> Bitcoin had rallied 20 percent in just four days, topping $10,000 for the first time earlier this week in a runup that drew increased warnings it was in a bubble. The cryptocurrency ended September at $4,171.25. + +This might be a buying opportunity if you don't mind volatility. Definitely no guarantees though. I do not currently own any bitcoin or have plans to buy any. +https://www.nbcnews.com/health/health-news/billing-expert-investigated-husbands-er-bill-was-able-knock-thousands-rcna53683 + +*A skiing accident led to an emergency room visit — and an incorrect charge on the hospital bill.* + +*If Dr. Bhavin Shah was on his own, he said, he probably would have paid the bill for his broken arm. The 47-year-old physician from suburban Chicago incurred surprisingly steep charges after landing in an emergency room on New Year’s Day 2021. He’d hit an icy patch while skiing with his kids in Wisconsin.* + +*The $10,563.49 in initial ER charges from a Froedtert South hospital in Pleasant Prairie, Wisconsin, seemed high considering he basically got only an exam, X-rays, pain relief, and an arm splint. His insurer negotiated the cost down to $7,922.62 — but, with Shah owing $250 for his deductiblr and 40% of the remaining charges, his bill of $3,319.05 still felt like too much. However, he thought, who was he to question the hospital’s billing department?* + +*Shah’s wife, on the other hand, is highly qualified to question such charges. Sunita Kalsariya, 45, is the office manager of her husband’s medical practice, a job that includes overseeing billing. She took one look at the hospital charges and decided to investigate further.* + +*Kalsariya had no way of knowing then that she was embarking on a crusade that would take over a year, send their bill to debt collections, lead her to complain to the Illinois attorney general, and discover that the hospital charged nearly $7,000 for a procedure that was never performed.* + +This article talks about how difficult it was for a person who is *extremely well versed in medical billing and coding* to dispute a medical bill. Imagine how difficult it is for lay people. + +I can already hear them saying that "well sir, splinting *is* treatment of an injury" and then hanging up before one could respond. +# Linear Regression Girl who "may have" figured out the shorting algorithm here. + +I have seen an influx of posts saying they "found the algo" but haven't produced anything more than a graph with lines instead of performing statistical comparison on population to populations and within sample statistical comparison. This has led to a lot of misleading points. If you can't prove it with math and are just drawing lines, it is PURE observational bias. + +# Recent Shit Post + +I've noticed a recent influx of people stating the algo speaks to them and I wanted to address a few posts that uses bad math (actually, no math at all). + +# Using a linear scale for the entire history is not the best idea + +In the past when the exponential floor was making SO MUCH SENSE, I also wanted to look into it. I started with changing from using total net days to just trading and [got this](https://www.reddit.com/r/Superstonk/comments/ny68t6/technical_analysis_from_an_enginerd_that_has_a/?utm_source=share&utm_medium=web2x&context=3). Observational bias would conclude how events affect the price. At this point, I think it's safe to events don't do that. Without more population comparisons, I came up with this chart. + +https://preview.redd.it/ynkc1ecs1na71.png?width=2591&format=png&auto=webp&s=00c541506403750a5652add7d4e0ba395900e774 + +I continued to look into using typical rates of change and removing data from that. In this [post](https://www.reddit.com/r/Superstonk/comments/nzcg0j/simple_linear_regression_using_real_world_data/?utm_source=share&utm_medium=web2x&context=3), I figured the rates of change from one day to the next would be helpful. Again, another inaccurate assumption since I wanted to make the exponential floor work somehow and explain why it was deviating at the time. (This is a continuation of an idea that I believe to be incorrect.) + +https://preview.redd.it/thkt9ypv2na71.png?width=793&format=png&auto=webp&s=0b85ce6686ba22a2f46680d1b40ce32c559301c2 + +Currently, we are seeing this [post](https://www.reddit.com/r/Superstonk/comments/oi10y3/the_algorithm_it_speaks_to_me_it_says_400_this/?utm_source=share&utm_medium=web2x&context=3) which is using the same idea of applying a linear equation to the overall timeline. Like the exponential floor, it places a flat line but instead of the low, it is using the closing price. From my listed examples above even when I did use some sort of math to determine a line, the underlining assumption of having a single line to describe everything was incorrect. + +https://preview.redd.it/9y2u2lt53na71.png?width=960&format=png&auto=webp&s=4dc6b3657f229b8ab1e2e383666b2cb800db64e2 + +There are some really concerning things about this: + +# The most fucking important one!! + +When we post DD to SuperStonk, it is meant to be reviewed by peers. I know my limitations such as finance stuff so I like to have those people chime in. I also do it so anyone can tell me I'm wrong. I've already admitted and accept to that I have been wrong in the past. However, some people who post DD do not take kindly to their posts being challenged. + +&#x200B; + +https://preview.redd.it/mqkj2zkm3na71.png?width=869&format=png&auto=webp&s=575158abe514c240f4e3570a4f35d1aeb92c1202 + +https://preview.redd.it/o9hcyi7r3na71.png?width=735&format=png&auto=webp&s=fccfdb8bcd68bc979281d757af82d60edc3eb27d + +https://preview.redd.it/d071cu6v3na71.png?width=844&format=png&auto=webp&s=df07948e0230d8f05a0e06fcd36972dd09589419 + +# Overall Thoughts + +We post DD for peer review. Sometimes, we are right and sometimes we are wrong. Despite if we like the response or not, it should be taken into consideration for the next series of DD. For any given DD, OP should be able to defend their argument or at least take it into account for the next series. + +Just because you like what you see, does not mean it is right. The term "observational bias confirmed" is meant to be used a satire and not the center point of any authentic DD. + +Edit / add-on: I am not saying to not do any TA. I am expressing if you are going to make a point, be prepared to have it backed by some fact based evidence as well as to be criticized by your fellow apes. It is not what the topic is. This is discussing how it is being presented and accepting how it may be reviewed. + +# Question everything. + +I believe the "Possible DD" and "DD" flair should be removed and replaced by "Speculation" until it has been successfully peer reviewed. Mods would then grant the "Possible DD" or "DD" flair for (potentially) accurate submissions and "Debunked" for incorrect ones. + +# Ape Level Situation + +Let's say you're watching the news, and in the news, this article is talking about a subject that you have vast knowledge on. You immediately know it's wrong and get pissed and annoyed. Then, what typically happens is you read the next article (which is about a topic you have little to knowledge about) and you immediately accept whatever it saying is truth despite how both of these articles came from the same newspaper. The newspaper here is r/SuperStonk and each article is a post. + +Edit: TL;DR: Ultimately DD doesn't matter. Some are accurate, however, a lot of it is wrong. Take DD as a "fun" flair. The only thing that matter is buy and hold. + +Edit 2: ape level situation + +Edit 3: better wording for easier understanding + +Edit 4: I wrote this post the way I did so I could show how I have been wrong in the past with some of my analysis. However, with each failed research, a new and better one has been created through the inputs of my fellow apes. It's ok to be wrong. Just learn from it. + +Edit: removed intro image because I misinterpreted it as satire. +Disclaimer : I hold ETH. So if you think I'm writing this post solely to pump my own bags, at least acknowledge I declared my holdings in advance. + +I left my job a while back to focus on crypto full-time. Like yesterday's post by Moby, I would rather not divulge any info that could reveal my identity, solely for privacy purposes. Though my post history will show that I've been around these parts for a while, having gotten into ETH in the single digits (not as early as the ICO), I haven't been super active on reddit recently as I've been working on building a few different businesses (mostly in crypto). I've sold a few coins here and there to put liquidity into these and some other investments, and start a non-profit. However, I still have roughly 3/4 of my original of coins. + +The past few months have been absolute carnage. Few people that I know predicted the magnitude of the drop we've experienced. Most of you probably know the reasons for it ... tons of people buying ETH for ICOs, lots of mainstream media attention, a few Ponzi schemes in east Asia, then some of said ICOs subsequently failing and selling their ETH for fiat, etc. I think we all knew the hockey stick trend wouldn't continue; we just didn't know how far it would go. And now there's a lot of "cryptofreude" 'I told you so' behavior from the non-believers who will show a 3-month chart instead of a 6-month or 1-year because it fits their agenda of 'I told you so.' + +But ... some of the same folks who wouldn't touch crypto with a 10-foot pole last year are seeing the crash as a positive sign, or at the very least _not_ the end of the world. A brief anecdote ... a good friend who works in the traditional finance sector (money manager, low 7-figure annual salary) texted me this week to ask about crypto (he's already lost two bets to me, each with a 1-year time horizon on the price of crypto ... you can guess which side I took). "Is now a good time to buy?" he asks. I don't give investment advice, so I simply said "my thesis hasn't changed, and I'm still holding." Then he says something surprising. Mind you ... this guy is a bit older, and always invested in traditional things like equities, real estate, etc. "A tech friend of mine said he sees ETH hitting $3000 in time." I was a bit surprised. So he's getting set up to buy. Remember the institutional money people said was coming last year? Well, a lot of it hasn't come yet ... think how minuscule a multi-million dollar investment in crypto is for a multi-billion dollar hedge fund. 1%, 2%, 3% of their portfolio is peanuts. Let's say it goes to zero ... okay it's a write-off. But what if it doubles, triples, quadruples? That's a pretty decent risk-reward profile. And FYI most of those funds don't day trade with every small swing. They might buy something and hold it for years before considering reevaluating their original reasons behind buying. I wish Uncle Joe [Lubin] hadn't said ETH futures were 'weeks, not months away,' but now imagine when they go live. Most millennials forget just how afraid the older generation is of buying crypto (or any assets they don't understand). Remember the premium on ... can I say it ? GBTC ? There was such (maybe still is, I haven't checked) a large premium because people would rather overpay for something they understand (ETFs, mutual funds, equities, anything that trades like them ...) than learn how to store coins safely. On the topic of Lubin, check ConsenSys's job listing page. The place is electric. I know several folks there and if you ask them about the crash, they say 'what crash?' The place is a juggernaut. They're too focused on building real applications to worry about the day-to-day price swings. Set it and forget it for a bit, otherwise you're gonna have a bad time. + +Most of the news that has had a short-term negative effect on the market is actually long-term pretty good news. Facebook/Twitter/Google banning crypto ads? Good! You don't see ads to buy into new IPOs ... there's a reason these things are regulated. And yes, some regulations are good. As long as they're done in a thoughtful way rather than a dismissive one (China has taken the latter stance). + +It was scary when some of the news that would've driven ETH up 25% last year barely moved the needle. Coinbase adding support for ERC20 tokens is the first that comes to mind. No market reaction to that shows that people are a bit scared ... maybe challenging their thesis that unstoppable, Turing-complete, decentralised applications are A Very Big Deal. If you bought in recently because you were promised a Lambo within a month, then maybe you're not in the right place. But if you bought in because you're taking a bet on the future, and you're willing to ride out some of the lows: welcome, we're happy to have you. + +If your thesis for buying hasn't changed - and you don't need the money right now - just keep hodling. + +I hope this post was somewhat helpful. Thanks for reading! +I am less than 10 years away from retirement and have worked long and hard to secure a healthy post-work life. But our kids are entering their teenage years. How can we protect and preserve our real estate and retirement assets and set our kids up to survive and thrive in a potentially devastating and extended financial period of their formative years? +Hi, so My name is rob From the U.K. and I’m 20 years old living with my mother. My partner lives with us too as she moved here to go to college. I’m currently about to finish my final year In college in graphic design. + +Right now I’m working at McDonalds earning 7.45 per hour and around 8k a year. The plan was to start my careers fully in a year or so when I can get the chance to. However my partner fell pregnant and I’m trying to sort my life out and nothing is seeming to go right. + +We can’t really get a house because we will struggle to move out and I really don’t earn enough money to pay the bills. I can’t find another job because of covid. Everywhere seems to be dead with jobs, I got a extended diploma in design now as I’m about to finish my degree however there are not really any graphic design jobs going around in the U.K. what so ever. + +I’m really scared and I want to be able to provide for my family. No jobs I’m looking at full time or part time seem to be getting back to me and or don’t pay any better than my current job. I have tried to freelance and I’m really good at design however the pay is so inconsistent and not a lot of money I’m struggling to make even 100 a month from it. + +I have no idea what to do and I really need to get a job that pays well. + +Please help! + +Edit: to everyone telling me to consider abortion, frick off. We are 23 weeks in and are very much happy with our decision to keep the baby. I didn’t ask for anyone’s opinion on this factor. Don’t contribute to the stigma of young parents, we are both very much okay with our lives changing and how we will have to become responsible for this baby. We have supportive families, we just wanted advice on what is right in the situation we are in. +https://www.marketwatch.com/story/hyundai-now-says-its-not-in-talks-with-apple-to-develop-autonomous-electric-car-11612747205?mod=home-page + +Hyundai Motor Co. said Sunday that, contrary to multiple reports, it is not in discussions with Apple Inc. to develop an autonomous electric car. + +In a regulatory filing, the South Korean auto maker said it wanted to clarify “rumors” about a joint effort with Kia Motors Corp. to work with Apple AAPL , and said it has received “requests for cooperation” from a number of companies seeking to develop self-driving electric vehicles. + +“We are not conducting consultations with Apple on the development of autonomous vehicles,” Hyundai said in the filing, according to a translation. + +Hyundai said its various talks about an autonomous electric vehicle were in the early stages and nothing has been decided yet. +Article about the Pandemic Risk Insurance Act, and how it could lumber insurance firms with exorbitant costs. + +&#x200B; + +[https://www.ccn.com/this-coronavirus-insurance-bill-could-crash-the-u-s-stock-market/](https://www.ccn.com/this-coronavirus-insurance-bill-could-crash-the-u-s-stock-market/) +It recently occurred to me that in WSB, it’s against the rules to post about penny stocks, so not a lot of you follow the price action. + +I'm a day trader and my trading strategy focuses entirely on penny stocks that are owned by hedge funds known to manipulate the market. Most stocks I invest in are all complete garbage, but I look for pump and dumps, obvious manipulation patterns, and anticipate runners based on near-identical charts of multiple companies. + +I haven’t paid much attention to any of the stocks on my main watchlist since January, because I went all-in on GME. What I did notice though, is that my watchlist has been red, since early February. There are some green days in there and many days that trade sideways, so it didn’t feel like they were completely tanking, but they're definitely all tanking. + +Last night I decided to actually to take a deeper look into the charts. They all started going down at the same time in early February with no real spikes, just bleeding. They all follow a similar trend as well. + +Below are most of the stocks (YTD charts) I’ve invested in, in the past year. And let me make this clear because this is an important detail — **I didn’t just select certain stocks that look similar on my watchlist. These are literally all the stocks on my watchlists, besides GME, AMC, NOK, and BB. I’m not picking and choosing the ones that look similar to make strengthen a claim.** + +&#x200B; + +https://preview.redd.it/v9y6um8amhu61.jpg?width=1125&format=pjpg&auto=webp&s=8be7ac66943a40a42ca332f638cc1ff7ac428588 + +\[[Here is an album if you'd like to take a closer look](https://imgur.com/a/mAr9aDP)\] + +If investment banks and hedge funds didn’t report record quarters and the market hasn’t held at record highs, I could possibly believe there might be a rational explanation for dozens of stocks, some in completely different sectors, to trend downward for months in similar patterns. But that simply is not true. + +I spend hours looking at charts every day. I am very familiar with the trend line for every single one of the stocks in my watchlist; if you were to print out a 1-year chart of every one of these stocks, without labeling them, I’m pretty confident that I could tell you the company associated with every chart. So I assure you, the trends are not normal. + +Here’s my theory: The mass sell-off is definitely not going towards covering the shorts, instead it's paying for interest, pump and dumps, and the capital needed to purchase the blocks of shares they’d sell off to drive down the price. They were able to get away with it because people don’t tend to follow a bunch of garbage stocks, and since penny stocks are known to be extremely volatile, it doesn't raise any eyebrows when one tanks 30-50% in a short timespan, or even in a single day. And media outlets don’t really look into penny stocks too much.  + +Also, this is entirely speculation, but I’ve also noticed that when penny stocks cool down they will trade sideways for weeks. Understandable if there’s low volume, but sometimes there are days when the volume will randomly be extremely high, but the price remains stagnant and there’s no news whatsoever to explain the high volume. It seems like an algorithm keeps the price bouncing back and forth, propping it up. But they aren’t bouncing back and forth, they’re just bleeding. HFs may have run out of money to prop up the stocks, so that’s why they’re sinking. Again, this is speculation, I don’t know what really goes on behind the curtain. + +TL;DR: My watchlist is full of stocks that HFs manipulate and there have mass sell-offs of every single one since February, even though we’re experiencing record highs in the market for months. +First time posting here. On mobile. + +So 20K less. He DID feel like he wasn’t as qualified but went for it anyway. The interviewer really liked him and gave the impression that he was *more* than qualified. We are obviously disappointed in the offer. What can he do? How does he counter offer and for how much? Does he mention the job posting that stated 50k-100k (based on experience) starting and a $5k sign on bonus which also not included in the offer letter. + +Appreciate any help you have to offer! + +**edited to update more accurately job posting** + +Edit/Update: Thank YOU for all the responses. My husband and I read through them together and he is confident in the decision to counter offer (probably 60k) and if they don’t come up, than he is walking. As many made clear, if they don’t budge or choose to rescind the offer, than “good riddance.” +About CRSR: + +Corsair Gaming manufactures a variety of gaming/streaming related goods. This includes tower cases, keyboards, headsets, audio equipment, and entirely pre-built PCs. Meaning, they are poised to profit off of growth in esports, streaming, and gaming on whole. + +&#x200B; + +Let's talk numbers: + +There is a compelling value play in CRSR. The current market cap is 2.93bn, and the current share price $32.15. The current trailing p/e ratio is sitting right around 30, roughly the average in technology today. However, this becomes far more enticing when considering future growth prospects. + +Analysts estimate 2021 revenue to be 1.9bn, and 2021 earnings to be 128m. Analysts estimate 2022 revenue to be 2.05bn, and 2022 earnings to be 157m. Estimates beyond 2022 signal a general uptrend in both revenues and income. + +&#x200B; + +A Few Important Ratios: + +Forward p/e: 22.8. + +2yr forward p/e: 18.66. + +PEG ratio: 1.4. + +&#x200B; + +Analysis: + +I believe all of these ratios are incredibly reasonable given the growth prospects for esports, streaming, and gaming. Specifically, streaming is seeing strong growth as more people (amateurs) are getting their own streaming equipment. Streaming is increasingly being adopted by players other than professionals/near professionals. + +Their forward p/e ratios give room for significant growth in share price. If future prospects remain strong, I expect a lot of growth from the stock. + +&#x200B; + +Conclusion: + +If Corsair continues to be the quality brand name in gaming equipment, I expect a lot of long-term growth in the stock, as currently, it's valued very conservatively given its growth prospects. +I don't want to attribute everything to this but back when Warren Buffet was starting to make this mark, there was no web of instant communication and information sharing like there is today and a lot of people since then have copied the value investing model so there's way more competition and less secrets to be found. +Basically the title, just trying to wrap my head around the choice in Citigroup. I know it's trading absurdly below book, everyone knows this. But management and overall Citigroup culture has been systemically toxic and terrible for a long-time. Is it really just as simple as Buffet has confidence in Jane Fraser to turnaround this horribly run company? +Hi, +I'm looking to learn from past experiences, and since I've never been through an era like the Great Depression or the 2008 Financial crisis, I would really appreciate if you could share your personal experiences. What was like to invest in those times? How did you react/act seeing big losses, or appreciation? Did you received margin calls? +Thanks in advance. +I was reminded today that Ticketmaster desperately needs to go the way of Blockbuster. I bought a seat ticket for a Tool concert next year, $74. With fees it came to $97. Ridiculous considering I don’t even receive a physical ticket anymore. + +Blockchain, once mainstream and widespread, will break the stranglehold middlemen hold over venues. Imagine direct selling NFTs to fans and locking in price so scalping is practically non-existent. And the artist would get a kickback of secondary sales. Maybe lock in transferring the ticket more than once. + +There’s so many possibilities I’m sure these issues will get solved someday soon. This is why crypto is so exciting. The possibilities are endless. + +Edit: Blah blah gas fees blah blah. Not worried about that, as I think that’s an addressable issue within blockchain. Obviously not looking at ETH for that replacement right now, hahaha. +Tell us your story. + +How much down? What are the monthly costs like? + +I'm sick of reading about people on a combined $240k struggling because they needed to spend $1.3m to get a place in East Melbourne. + +I want to hear how regular people on smaller salaries have managed to buy a place, so I feel like it's manageable. Cheers! +Per [Reuters](https://www.reuters.com/world/exclusive-us-plans-cut-ties-with-targeted-russian-banks-if-ukraine-is-invaded-2022-02-21/) (2258 EST): + +>The United States will also wield its most powerful sanctioning tool against certain Russian individuals and companies by placing them on the Specially Designated Nationals (SDN) list, effectively kicking them out of the U.S. banking system, banning their trade with Americans and freezing their U.S. assets, the same sources said. +> +>The sources said the package could change up to the last minute and it was unclear who the targets would be. However, they believe top Russian financial institutions including **VTB** Bank [**(VTBR.MM)**](https://www.reuters.com/companies/VTBR.MM), **Sberbank** [**(SBER.MM)**](https://www.reuters.com/companies/SBER.MM), **VEB**, and **Gazprombank** are possible targets. + +The implications are significant, given that VTB, Gazprombank and Sberbank collectively represent over 40% of the Russian economy. UK Prime Minister Boris Johnson, in meetings with President Macron of France and President Biden of the United States, has also introduced the [possibility of similar sanctions](https://www.bbc.com/news/uk-politics-60448162); Russia could be cut off from two of the three Central Banking currencies if they invade Ukraine. + +Russian markets closed down -4.3% on Friday, 18 Feb, though U.S. futures rebounded slightly Sunday evening after news broke of a proposed summit between Putin, Biden and Macron, provided Russia does not invade Ukraine. +Two weeks ago I paid a $50 app fee and $150 admin fee to apply to an apartment. I haven't heard anything back from the apartment, there are no alerts on the application, my credit hasn't been pulled at all. I've called the number several times but there is never an answer and no way to leave a message. I emailed the guy who gave me the tour directly and still no response. They wouldn't except a credit card, so I can't do a charge back since I used my debit card. Is there any way I can get my $200 back? Or any way I can report them? + +Update: Finally got ahold of someone in the office. She said my application was denied. When I asked her why she said she didn't see a reason on there. I told her my credit was not pulled at all and she argued with me until I said I have an 800 score and I'm LOOKING at my report and it has not been pulled. She just said she'll have to call me back in twenty minutes. + +Update 2: I never got a call back. I called the office again a couple hours later on my break and left a message. I'm most likely going to do a chargeback on my debit card if I can, at least to get the $150 admin fee back, and leave a review on any and every website I can find. Where I live (GA) it's minimum $200 to apply at most places, if not more. +Alright, let’s get the shilly part out of the way… + +&#x200B; + +If you’re looking for a stable, long-term investment with a utility backbone, you’ll want to pick up some bags of Dogira. The work Eoghan and the rest of the dev team are doing will add some viable competition to a corner that ENJIN has mostly covered on their own. + +The latest AMA has a lot of good info about what I’m going to talk about below, so make sure you give it a watch if what I have to say is intriguing to you. Let’s go! + +So, I said it: Bear Markets are good for everyone. + +If you “lost” your massive gains, don’t worry. They’ll be back. Bear Markets actually serve a very important function. Most of the projects we know and love today were found in these market turns. Why? + +Because in bullruns all the moonbois and coin-flippers are looking for fast money. It inflates prices and then they get dumped on, hard. But during down market it gives a chance for serious projects to shine. + +See, the issue with massive bullruns is that when everyone is looking for the hot new thing, they’re missing the diamonds. However, instead of it being a thing about diamonds in the rough, it’s more like trying to find a diamond in an Arctic shelf. + +Bulls mean multi-trillion circulated coins are great for 1000x shots. Bears mean that multi-million token supplies are far more preferable. It’s how ENJIN, Sushi, Solana, and other huge projects started gaining their traction. + +Dogira had a huge shakeout of flakey money, and we’re drawing real long-term investors. It’s why our price remains unshakable right now. It’s lower than we’d like (hovering around 5 cents/Dogira), but it’s an ironclad wall of investors who believe. + +&#x200B; + +Join us, and experience the benefits of investing when it’s Bear, so you can successfully thrive on the Bull. + +&#x200B; + +[Pick up your coins on Uniswap](https://app.uniswap.org/#/swap?outputCurrency=0x4b86e0295e7d32433ffa6411b82b4f4e56a581e1&use=V2) while gas is cheap cheap cheap! +Alright, let’s get the shilly part out of the way… + +&#x200B; + +If you’re looking for a stable, long-term investment with a utility backbone, you’ll want to pick up some bags of Dogira. The work Eoghan and the rest of the dev team are doing will add some viable competition to a corner that ENJIN has mostly covered on their own. + +The latest AMA has a lot of good info about what I’m going to talk about below, so make sure you give it a watch if what I have to say is intriguing to you. Let’s go! + +So, I said it: Bear Markets are good for everyone. + +If you “lost” your massive gains, don’t worry. They’ll be back. Bear Markets actually serve a very important function. Most of the projects we know and love today were found in these market turns. Why? + +Because in bullruns all the moonbois and coin-flippers are looking for fast money. It inflates prices and then they get dumped on, hard. But during down market it gives a chance for serious projects to shine. + +See, the issue with massive bullruns is that when everyone is looking for the hot new thing, they’re missing the diamonds. However, instead of it being a thing about diamonds in the rough, it’s more like trying to find a diamond in an Arctic shelf. + +Bulls mean multi-trillion circulated coins are great for 1000x shots. Bears mean that multi-million token supplies are far more preferable. It’s how ENJIN, Sushi, Solana, and other huge projects started gaining their traction. + +Dogira had a huge shakeout of flakey money, and we’re drawing real long-term investors. It’s why our price remains unshakable right now. It’s lower than we’d like (hovering around 5 cents/Dogira), but it’s an ironclad wall of investors who believe. + +&#x200B; + +Join us, and experience the benefits of investing when it’s Bear, so you can successfully thrive on the Bull. + +&#x200B; + +[Pick up your coins on Uniswap](https://app.uniswap.org/#/swap?outputCurrency=0x4b86e0295e7d32433ffa6411b82b4f4e56a581e1&use=V2) while gas is cheap cheap cheap! +My situation: +I’m a 32 year old married father of one, with HENRY personal finances. I’ve sacrificed my bodily health to a degree I have never been happy with to maximize professional growth and probably due also to on and off again undiagnosed mild depression (which I’ve been proactively getting my arms around at last). Weigh 250lbs+ used to be lean and athletic, no chronic health issues directly resulting yet but want to keep it that way and it’s gonna catchup to me soon. I work a high-responsibility job, tend to family life, maintain a social life and try to sleep enough. Between all of these commitments I’m stretched very thin (no pun intended). When I last got fit a summer off from school was what gave me the space to focus. My younger brother did the same in the past, my dad dropped a ton of weight immediately after retiring. I don’t want to do a sabbatical or career break just yet but I do think that would be the most fuckup proof approach for me. So for now, assume that I will continue to have little spare bandwidth for a new “personal project” that takes upfront planning and ongoing work to maintain as big constraint. + +I want to find out if there any little known (but highly credible and proven) systems that are: fuckup proof, planning and overhead sparing, and that would force me to stay on track throughout each day despite the other demands on my focus. Like maybe something that entertainment studios turn to when they need to turn a doughy comedic actor into an action star in 9 months. I’m open to legal pharma like Semaglutide or appetite suppressants but not roids or risky shit like fat burners. I want fitness to be a big component not just diet, I’ve managed to stay quite strong as I’ve gotten fat and don’t want to give that up and I miss having great cardio fitness. + +Financial considerations: +800k income, net worth is lagging because income growth has been sharp/fairly recent, but large inheritances down the road mitigates this somewhat. Don’t know how much budget I can or would want to free up, but probably many times what the typical American could carve out. +My current 2 year contract was about to expire so I called Verizon to change it. I was told I could not change a thing because there was a credit hold on my account. I am a 30 year customer with a perfect payment record so I was shocked when I was told I owe Verizon more than $2,000. It took a 2+ hour phone call, multiple transfers and several 3 way conversations, until one Customer Service Rep took charge and refused to give up. This Customer Service Rep, after multiple tries, finally found someone in the Verizon Credit Department who was willing to listen to common sense and correct my account. My townhouse community's addresses are similar to apartment buildings, one overall street address per court then each townhome is assigned a unique unit number. My neighbor has the same "common" first name as me and the first 3 letters of our last names match (only 3 out of 9 for me). The Credit Department Rep told me that Verizon's fraud monitoring system used this minor name similarity to automatically assign my neighbor's outstanding accounts to me. It did not matter that my neighbor's outstanding accounts had different full last names, account numbers, unit numbers, phone numbers, SSN, etc. My fear is at the end of the conversation the Credit Department Rep. said this could easily happen again because a "computer" did the initial assignment. My questions are. Is this even legal? Is there anything I can do and/or anyone I can contact to prevent this from happening again? + +&#x200B; + +**UPDATE:** To answer some questions I am receiving and what suggestions I took so far + +I did check my Credit Report while on hold and it was OK. I plan to keep a good eye on it now. + +Verizon used to be Bell Atlantic which provided copper wire phone service so that is why I have been a customer for 30 years. + +I was lucking that SSN's were required because the Credit Representative asked for my last four numbers as final proof that the other accounts were not mine. They had a different SSN. + +Thanks to a link provided in the comments I emailed what happened to two Senior Executives. I got an auto reply from one saying they just retired and use this link for making contact. I went to that page and filled out an on-line form sending it to another senior executive. I doubt I will get a response but will update this post if I do. + +In both the email and online form I highly commended the CSR who was determined to get my account fixed. + +&#x200B; + +**UPDATE 2**: I'm Shocked, A person from Verizon's Executive Relations Office called me and left me a message saying they are so sorry for what happened to me. They were happy a CSR did finally help me and they will be notifying their manager about my positive feedback and compensation. Finally they left a phone number and asked me to call them back tomorrow so they can talk to me about my experience. I will update this post again after this phone call. Personally, I give Verizon credit for responding to my email so quickly. + +&#x200B; + +**UPDATE 3**, Before I report on my conversation with the "Executive CSR", I wanted to add more detail on what happened, I think it is relevant now. + +I called Verizon support to update my plan that was about to expire. The initial CSR began to make the changes I wanted then told me they could not because I had a Credit Hold on my account. I asked why, I always paid my bills but the CSR had no idea. This CSR then contacted the Credit Department and we had a 3 way conference call. The Credit Rep. was no help at all, she said I could not change anything on my account and I could have my services cut because of the amount of money I owe. I told her that I have never seen these charges on my account, on-line and never received a bill for them. She did not care. Then whenever I tried to ask a question she kept repeating I had only 3 choices, pay the money, contact the billing office or something else (I forgot what this was). I kept asking her where did these charges come from but she would only respond with those 3 choices. I asked her to review my account and I kept getting the same response. Then she accused me of not listening to her and interrupting her. Finally I got so frustrated I had the CSR forward me to the billing department. While on hold with the billing department I got cut off. I called back and finally got someone from the billing department. This person could not help me but then conferenced in a gentleman from some department who would at least answer my questions on what the charges were. He gave me the account numbers, the amounts, the years (2003 and 2012) and the address associated with the accounts. But neither the billing rep. or this gentleman could remove my Credit hold. I was then transferred to the Fraud department. The Fraud department asked if I had my identity stolen and if I thought my neighbor did this to me and I said no. Then they said they could not help me because it was not fraud. I was again transferred back to billing who could still not help me so I was transferred back to a new CSR. This CSR listened to me, looked up all the accounts, and immediately said it was common sense that I was not responsible for these charges. He said he could clear this up quickly but was unfortunately over optimistic. He then called the Credit Department and got the same Credit Rep. I originally talked to, she gave him the same answers she gave me previously and refused to help. Then the CSR got his supervisor involved and that did not help, then I think he even went higher up the management chain trying to figure out how to help me. The CSR kept assuring me he will get this solved but was obviously getting frustrated. Then he and his managers decided to call the Credit Department back hoping they would get someone else other then the Rep. we previously dealt with. Luckily he did and again I was involved in a 3 way conference call. This Credit Rep asked me a few questions and the final one was, what is the last four of my SSN. Once I said it I was finally believed and the Credit Hold was removed. But that is when I was told this could happened again and the first Credit Rep was just following company policies and procedures. + +&#x200B; + +**My conversation with the Executive Customer Service Representative:** + +I got another apology and was again told that the CSR's manager was notified about my compliments. My case will be sent to the Fraud department for review but she could not assure me that this would not happen again. She said that what happened to me was very rare. I did not agree with this but I said what really bothered me about this whole situation was I was treated like I was automatically guilty of fraud and if the initial Credit Rep. just looked at the accounts and used common sense this could of been cleared up quickly. I was told they have standard policies and procedures that must be followed. + +I then explained in detail everything that occurred, which I explained above. None of this seemed to matter. + +I then asked if this hold could affect my Credit Reports and was told no because they only report to Credit Bureaus when accounts are closed, this reporting is done by SSN, and the outstanding accounts had different SSNs. + +I then asked if what happened could be added to my account and was told it could not be added directly to my main account but was added to my Credit Account, But I said since the Credit Department was the department that was the least helpful and they found me guilty immediately, I do not have any confidence they would help me in the future if this happened again. I then got the standard answer they have policies and procedures they have to follow. + +I then asked her to send me an email documenting everything she said and asked if I could contact her directly if this happened again and I was told no for both requests. I would have to follow Verizon's standard policies and procedures and call the normal customer service line initially. And at one point during the conversation she began to imply that the CSR who finally helped me could of done better if they followed their standard policies and procedures. In no way did I believe this and I did not want to get this CSR in any trouble so that is when I moved to end this conversation. Basically, this conversation only made me more angry. + +**My Next Step**: I really like Verizon's Services, I previously had both Direct TV and Comcast and I never want to go back to them. This was the first time in 30 years I ever had any issue with Verizon, even though I was not very unhappy with what happened, I plan to stay with Verizon for now but keep all my documentation, emails and continue to check my Credit Reports periodically. + +**Finally**: I was shocked this went Viral, sorry for the length of this update, and I want to thank everyone for your assistance. + +&#x200B; + +**WAIT....The Executive Customer Service Representative just called me back:** She was just notified that the Fraud Department has permanently disassociated my account with 3 other outstanding accounts. It looks like there was even another account on top of the two I knew about. I asked for an email documenting this and was told yes. I did get the email + +&#x200B; + +&#x200B; +Link to original thread: https://www.reddit.com/r/personalfinance/comments/5t1iuf/will_my_parents_buying_a_house_in_my_name/ + + +Sorry for disappearing from the last thread, it's been a crazy weekend, to say the least. But here is the state of things as of now: + + +1. **Had credit check done. Parents had opened a credit card in my name.** They apparently opened it to "pay the bills" and since my credit was good they got approved for a $8,000 limit (not sure how good that is?). Anyways, they maxed it out, and to add insult to injury, the monthly payments for this credit card *is the debt they asked me to help them with after they lost their jobs.* So if I stop paying it, they won't be paying it, and I will be the one that gets hurt in the long run. + + +2. **I won't be letting them buy a house in my name.** I won't help them with rent, and I'm not going to offer to live with them to help with living expenses. At this point I'm not sure what to do, except scream at them, because they appear to be completely oblivious to the fact that their actions were wrong. When confronted, their response was just, "Well, they wouldn't let us apply for anymore credit cards." + + +3. **My family will not be privy to any of my financial status in the future.** They don't get to know about new jobs, promotions, anything. From now on, all they need to know is I have a lot of debt (I do), and that I'm doing my best to pay it down (I am). + +#Edit: + +4. **I will be trying to find a way to get medical professionals involved and save my dad from my mom's care.** As stated in comments in this thread, she is blocking him from getting the medicine/care he needs. I will be looking into how to help him, either social services work, disability, reporting abuse, etc. I might just try ALL of them: whatever works to help him quickly. + + +5. **I don't know if I'm going to report them for fraud...** I know this should be a no brainer, but that doesn't make it any easier. + + +Thank you so so much to everyone who commented on the last thread and helped open my eyes to how bad this situation really was. + + +I'm really frustrated, and upset, and feel like trying to better my life has been a pointless endeavor, but I'm going to keep on keeping on, and hopefully this too shall pass. + + +Thank you, again. <3 + +**Edit:** Sorry for the slow response. I'm not used to subreddits that move so fast. + + +**Edit2:** Well this kinda exploded on my way home from work... Thank you everyone for the continued advice, and the tough love. I'm doing everything I can to protect myself financially moving forward, based on all of the feedback I have received. +Hi. I’m Trevor. I’m a 32 year old investor with a colorful past on how I got into real estate. I had a rocky past and sold a lot of pot in college and was caught in a sting investigation. At that point I knew I would never be able to work in a white collar place or be hired, so I started a small business. I leveraged it into real estate and bought a foreclosure duplex, lived in one side, and rented the other... 4.5 years later I have close to 200 doors and 20m in holdings. I own mostly duplexes and apartments. I have some single family, commercial, and office, and air b n b mixed in there. I recently poached another market. Ask me anything. I’m +An open book and happy to help and maybe you can learn from some of my mistakes and +Things that have worked! +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! + +Hi everyone, + +*First of all this is not financial advice, I'm retarded, this is an individual opinion and is just me sharing some data I found, I am an individual investor.* + +So let's start with the TLDR, + +***TL;DR*** \- Ortex lists historical, daily information on loans. This includes new loans opened per day and loans returned per day. I totaled these numbers and determined that since end of 2017, there have been *71,119,269* more shares loaned than returned. Yes, **71,119,269**. + +***TA;DR*** \- According to data ape can easily see, banana sellers still need to return **71,119,269** bananas. + +# Okay, the explanation and my methodology, which you can do yourself quite easily: + +I'm gonna skip over how I think GME stock movements have always been a result of share lending metrics (new loans, returned loans, CTB) and how derivatives are just a way to cover this up/hedge/suppress it, and go straight to my point. + +I noticed that new loans opened per day is almost always greater than new loans returned per day, except for a few key periods such as the January sneeze. So, I went to Ortex, tracked **new shares LOANED per day** vs. **loaned shares RETURNED per day**, exported to CSV, calculated the difference (new shares - returned shares) and totaled since 2017. The number that came out was **71,119,269.** That is **71,119,269** shares that have been loaned but not returned. + +Does this mean that they have to buy 71,119,269 shares? I'm not sure, maybe these were fulfilled with some other method, maybe it was fuckery, I don't know. + +*Here are some pictures to illustrate what I did, and also a few key observations.* + +# New Loans often exceeds returned loans, except in key periods where the stock goes up, a LOT. + +[Please note that the left axis is displayed as a percentile but the green line actually tracks # shares, same as the black line. I don't know why they do this, but I prove this below:](https://preview.redd.it/mlp3idhd99q81.png?width=1029&format=png&auto=webp&s=869c7a3808d1c5e9cec46b00ba08404154676371) + +[See, it's both just number of shares, Idk why the axis is like that. ](https://preview.redd.it/ev8sg2uh99q81.png?width=322&format=png&auto=webp&s=09d22b666d9128ac0746036c2110aed0443dae92) + +The above graphs show that the majority of the time, new loans exceed returned loans. Even in periods of price increase such as September 2020 - December 2020, new loans exceed returned loans; shorters are shorting into price increases. + +However, rarely, such as the period from Dec 2020 - Jan 2021, returned loans exceed new loans. These result in meteoric price increases. + +# How about right now? Is this big spike caused by returned loans? + +**Short answer; No.** + +[Nov 2021 - Now](https://preview.redd.it/bhuj3zc1a9q81.png?width=1042&format=png&auto=webp&s=ce051f627cc0a9b5c745e5b0bb04b0c674ad4243) + +As you can see, new loans have continuously exceeded returned loans. We have yet to see a period where loans are returned such as January 2021. Indeed, shorts have CONTINUED TO SHORT into this huge price increase. + +# What about those price increases in 2021? The cycles? + +Yes, it played a factor, but not by much. + +I went ahead and calculated the net shares returned - net shares loaned during several important runup dates. The resulting data is listed below. + +**2/24 - 3/10:** *2,016,186* shares were *returned* during this period. Interestingly, on 2/25, 3,021,665 shares were loaned and only 152,499 shares were returned. + +**5/11 - 6/9**: *352,206* were LENT *during* this period. Yes, 352,206 shares were lent during this runup from 137 to 300, meaning it was not a result of returned shares. + +**8/20 - 9/1**: *185,878* shares were *returned* during this august runup. + +**10/25-11/23**: *1,105,735* shares were *returned* during the november runup. + +So, the lending plays a role in these runups, but not always in the direction one would expect and possibly insignificant to the volume that actually occurs during the runups. + +# How many shares were returned during the January sneeze? + +I mentioned before that January 2021 was one period in which shares returned did in fact exceed shares loaned. By how much? + +During the period of January 13 to January 29, *31,491,180* more shares were returned than loaned. Indeed, you can say that January was indeed driven by these loan metrics, at least a good portion of it. + +**To illustrate this, I have made a chart of loans outstanding over time** Higher y axis means more shares loaned, if it goes down, that means they are returning shares). + +[\(Y axis = shares on loan, X axis = date\) Higher y axis means more shares loaned, if it goes down, that means they returned shares\).](https://preview.redd.it/8akqm16be9q81.png?width=1183&format=png&auto=webp&s=b19ab4ecb6c52e63c8a6f120eea059c96dccc6be) + +As you can see, about 20 million more shares have been lent since 11/23. Bear trap? + +&#x200B; + +*Please* draw your own conclusions from this. I am simply sharing data that is available from an open source (free trial at least, via. Ortex). All I will say is that there is 71 million shares lent, 75.9 million shares outstanding, and a float of 62.48 million shares. Do note that outstanding loans began to rise around when DRS really caught on. Interesting. + +Once again, this is not financial advice, I am a retard. + +Also, I will be filing this to the SEC and DOJ, might as well. + +BUY HODL DRS. + +Edit 1: + +Someone recommended I use a non memestock as a control to make sure ortex's data is not flawed overall. I am currently working on this data for AAPL and will post shortly + +Edit 2: Repeating this methodology on AAPL gives a result of 81,421,801. With a float of 16.31 billion shares, that means that 0.49% of the float is currently lent. Reported short interest of AAPL is 0.68% which means that this methodology is actually UNDERESTIMATING outstanding shorts according to AAPL as a control. + +Edit 3: Chart for AAPL: + +https://preview.redd.it/gux76v7kr9q81.png?width=1174&format=png&auto=webp&s=5220db4730691ae61afe0e12c775c20ffad0ec03 + +Edit 4: By request I have uploaded the .csv files from Ortex to an anonymous repository so other people can check this work. + +[https://anonymous.4open.science/r/gmeloandata-243C/Ortex%20Loans%20AAPL.csv](https://anonymous.4open.science/r/gmeloandata-243C/Ortex%20Loans%20AAPL.csv) + +This includes the AAPL control, so see for yourself. + +Edit 5: Heading out now. Cheers to Tuesday morning. Leave feedback in comments + +Edit 6: Update on Monday runup; about 150k new loans opened during the runup. Oops! + +https://preview.redd.it/n0937e3iecq81.png?width=629&format=png&auto=webp&s=3158fe5fa236aaeb0c8b60f16c0f26f67fec7f7a + +Edit 7: A lot of people have requested data for certain tickers to compare to. Here is the STEP BY STEP on how to get this data yourself. + +1) Start an Ortex free trial or get Ortex + +2) Put in the ticker of choice to the top left corner + +3) On the top bar, go to the "Shorts" section + +4) In the menu to the right of the chart, click "Show Advanced" + +5) Deselect everything but Price, On Loan- New, and On Loan-Returned. + +6) In the 3 horizontal bars above the indicator options, click the bars and click "Export CSV". + +7) Subtract New loans from Returned loans to get a "Net loans opened" number (negative means loans were returned, positive means new opened). Drag down all the way to apply to all columns. + +8) Create a column of "Outstanding shares loaned". This column should be box to left + box on top = box. Drag down to get a continuous outstanding shares loaned. + +9) Profit + +10) If you just want to quickly see the outstanding shares loaned, just take a sum of the column created in 7. + +Feel free to post your findings on this and link my post. Cheers. +This isn't my idea but I couldn't find who posted it long ago when I saw it. Well, I did it and it's worked well. I found myself going out for a drink or bite to eat when I didn't really have a great reason to. Instead, I took that money I would have spent and payed down a loan with a quick click. (Not always) It feels great. About as great as I felt getting that drink on the way home after work. I did try Robinhood too but that felt very different to me and wasn't as rewarding. + +Edit: The app I use is my lenders, Great Lakes. People here are saying use ChangEd as well which works like Acorn. + +Edit: Yes, I know playing the market may yield more than paying down my lower interest loans but that's not the point. It is to chip away at a daunting 10+ year loan. It is also NO risk. +1000$/month? After mortgage, vacancy 5%, prop management, maintenance, etc?? I’m subscribed to this guy on YouTube who only collects 200-500$ per door. 200 per unit seems so little.. low cash on cash return. +[https://imgur.com/a/w9ZpoCd](https://imgur.com/a/w9ZpoCd) + +I stare at this spreadsheet of my expenses almost daily. + +I live in the metro area of a northern European city. I own a car that is garaged, can't park it on the street for a few reasons (no space, slightly sketchy area). + +Other people seem to be very efficient at putting savings away but I feel like it would be impossible to save any more than 20% of my net pay. Any advice? +26/M. I've been investing in ELSS funds since 2018 for tax-saving purposes and started taking investing more seriously towards the end of 2019. I've done a lot of reading in this sub and it has been super helpful. + +Recently got a job with better pay and I'm looking to invest 40K each month this year. And before I do that I'd like some advice on getting my portfolio sorted out for the long term. + +&#x200B; + +|FUND|Amount| +|:-|:-| +|DSP Tax Saver|1.4L| +|Parag Parikh Flexi Cap|62,800| +|Axis Long Term Equity|58,300| +|Axis Bluechip|50,600| +|Axis Midcap|44,900| +|MO S&P 500 Index|43,800| +|MO Nasdaq 100 FOF|41,800| +|UTI Nifty Index|36,500| +|Nippon Tax Saver|19,300| + +&#x200B; + +1. I don't buy units of DSP and Nippon anymore, these were done purely for tax-saving reasons. Both have units that move out of the lock-in period each month. I'm withdrawing units from Nippon each month and moving them to PP FlexiCap. I'm planning to withdraw funds from Axis mutual fund and move them to Axis Bluechip on maturity.With DSP Tax Saver, I'm not sure if I should follow the same strategy. The fund has performed really well so would it make sense to keep the money in it or is withdrawing and moving to an index fund better? + + +2. As you can see I have a major portion of my portfolio in Axis funds. Started out with Axis LTE and once I didn't need ELSS anymore for tax purposes, I started buying the same amount in Axis Bluechip.Both Axis Bluechip and Axis Midcap, while giving me decent returns haven't performed as well as some other funds over the last year. What opinion do you folks have about these two funds for the long term?(I wanted to get into index funds and started investing in UTI Nifty Index but later discovered that there's [significant overlap](https://www.mutualfundskaro.com/mutual-funds-research/mutual-fund-portfolio-overlap?category=All&schemes=Axis%20Bluechip%20Fund%20-%20Regular%20Plan%20-%20Growth,UTI%20-%20NIFTY%20Index%20Fund-%20Regular%20Plan%20-%20Growth%20Option) with Axis Bluechip so right now that's on hold. Should've thought that through before I started 😩) + + +3. I'm investing in PP Flexi Cap, MO Nasdaq, and MO S&P Index because I'd like my portfolio biased towards tech. I'd have preferred an index fund for Nasdaq instead of a FOF but did not find any good options when I started.I'm not really looking to make changes here unless there are any issues I've missed out on so please do let me know if that's the case. + + +4. Should I look at adding a small-cap fund? Would love suggestions if you think I should. Also would love it if you've got suggestions on anything I've missed out on! + + +PS: Sorry for not doing this on discord or on the advice thread, the post seemed a bit too long for those. I hope that's okay 😅 + +EDIT: 40K each month in just equity funds. I've got FDs for emergency funds and I'm fine with EPF, PPF and NPS as the debt portion of my portfolio. +WSJ Link: [https://www.wsj.com/articles/the-case-against-early-retirement-11555899000?mod=hp\_featst\_pos2](https://www.wsj.com/articles/the-case-against-early-retirement-11555899000?mod=hp_featst_pos2) + +&#x200B; + +Obviously, the thoughtful folks on this sub are building the life they want to live. I consistently see articles like this in the popular media which is frustrating given that the FIRE philosophy is designed to avoid some of the traps detailed below. + +&#x200B; + +\----------------------- + +Most people look forward to retirement, a reward for decades of hard work. But like many other pleasures, it may be bad for your health. It may even kill you. + +How can that be? How can working longer be good for your health? After all, many people dream of��and plan for—retiring early. Strenuous, stressful work can wear people down and damage their health. On the other hand, retirees can relax and reinvigorate themselves. They have time to follow their passions and pursue activities that enrich their lives. + +But in our rush to leave the office, we don’t realize that retirement also has a downside, especially over the long term. Many retirees indulge in unhealthy behaviors. They become sedentary and watch too much television. They eat too much. They drink too much. They smoke too much. Without the purpose of fulfilling work, retirees can feel adrift and become depressed. Without the camaraderie of their co-workers, retirees risk becoming socially isolated. Without the intellectual stimulation that work can provide, retirement can accelerate cognitive decline. + +The problem for researchers is measuring which is the more powerful force—the joys of a more leisurely life or the downsides. An experimental study, in which researchers randomly force some workers to retire and others to remain in the labor force, would provide the best evidence, but that kind of experiment is impossible. + +Instead, researchers have turned to statistical models that rely on factors that affect work but are unrelated to health—like Social Security eligibility ages, tax breaks for older workers or mandatory retirement rules. Researchers then can determine how health changes when these milestones are reached. + +The result: Many of these studies clearly show that health problems intensify after workers qualify for retirement benefits and abate after policies encouraging work are introduced. + +**MORE IN ENCORE** + +## When you’re 62 + +Consider a 2018 [study](https://www.sciencedirect.com/science/article/abs/pii/S0047272717302037?via=ihub&mod=article_inline) by Maria Fitzpatrick at Cornell University and Timothy Moore at the University of Melbourne, which used administrative data covering the entire U.S. adult population to examine how mortality rates change at age 62, when people can first begin collecting Social Security retirement benefits. After all, death is the definitive indicator of poor physical health, which itself is difficult to measure. + +Dr. Fitzpatrick and Dr. Moore found that men are 2% more likely to die in the month they turn 62 than in the previous month. This mortality surge is driven largely by increases in deaths from lung cancer and chronic obstructive pulmonary disease, and risk factors for these conditions include smoking and lack of physical activity—both of which become more common when people retire. Mortality rates at age 62 increase less for women than men, and the relationship is not as clear-cut, perhaps because age-62 mortality is much lower for women. + +## More evidence comes from looking at a Dutch policy change in 2009, which introduced a tax break for older workers. It provided workers a 5% bonus at age 62, a 7% bonus at 63, and a 10% bonus at 64. These incentives, which were eliminated in 2013, spurred work by men ages 62 to 64, and had smaller effects on women. Using this temporary policy innovation as a type of social experiment, Alice Zulkarnain and Matthew Rutledge at the Center for Retirement Research at Boston College [concluded](https://crr.bc.edu/working-papers/how-does-delayed-retirement-affect-mortality-and-health/?mod=article_inline) that delaying retirement reduced the five-year mortality risk for men in their early 60s by 32%. As in the U.S. study, the impact was smaller for women. + +The evidence also suggests that retirement can accelerate cognitive decline. The mental exercise that work provides seems to keep people sharp. Learning new skills seems particularly important. By establishing “cognitive reserves,” such activities may help the brain become more adaptable and better compensate for age-related erosion in cognitive ability. + +Economists Susann Rohwedder and Robert Willis used data spanning the U.S., England and 11 European countries to [show](https://www.aeaweb.org/articles?id=10.1257/jep.24.1.119&mod=article_inline) that retirement significantly reduces cognitive function. When people retire, they typically get less mental exercise, because work activities are generally more cognitively stimulating than home activities. Retirees may routinely play bridge or do crossword puzzles, but that isn’t as intellectually challenging as many jobs. A 2014 [study](https://www.ncbi.nlm.nih.gov/pubmed/24791704?mod=article_inline) of half a million retired self-employed workers in France found that dementia was significantly less common among those who retired later than those who retired earlier. + +## The social network + +Another risk for retirees is that leaving the workforce can cause them to be socially isolated. Most workers interact extensively with their colleagues, providing camaraderie and often social support. Although you would think that retirement provides people with additional time to nurture social ties, Eleonora Patacchini at Cornell University and Gary Engelhardt at Syracuse University [found](https://crr.bc.edu/working-papers/work-retirement-and-social-networks-at-older-ages/?mod=article_inline) that retirement *shrinks* social networks and the frequency of social interactions. The impact is especially large for women and college graduates. Smaller social networks and social isolation tend to reduce life satisfaction and impair physical and mental health. + +It’s important to point out that a paying job isn’t always necessary to reap the health benefits of work. About one-third of Americans age 55 and older regularly volunteer for community groups and other organizations. Such unpaid activities can involve levels of physical, cognitive and social engagement similar to those in paid employment. Many studies, including a 2019 [evaluation](https://www.nationalservice.gov/newsroom/press-releases/2019/volunteering-helps-keep-seniors-healthy-new-study-suggests?mod=article_inline) of the Foster Grandparent and Senior Companion programs, find that unpaid work, like paid work, reduces depression and loneliness and improves life satisfaction for older adults. + +## These studies aren’t definitive. More research is needed to establish the pathways through which retirement affects health, and to identify which types of workers are most affected. For example, the health benefits of work aren’t generally shared by people with especially stressful, boring or physically demanding jobs. Workers in blue-collar jobs, for instance, accumulate health problems more rapidly as they age than workers in less physical jobs and usually experience health gains when they retire. + +## Financial fitness + +Retirement, meanwhile, doesn’t just threaten the physical and emotional well-being of people. In fact, perhaps the biggest downside of retirement is financial. Social Security replaces only about 40% of a typical paycheck. Employer pensions are much less common today than in the past, and relatively few people have saved enough in 401(k)s or elsewhere to guarantee a financially secure old age. + +By staying on the job, workers can redeem their retirement prospects. Workers who extend their careers can save part of their additional earnings for retirement, and they can accumulate more Social Security credits. What’s more, retirement savings don’t have to last as long when workers delay retirement. + +My Urban Institute colleagues Barbara Butrica, Karen Smith and Eugene Steuerle have [estimated](https://www.urban.org/research/publication/working-good-retirement-0?mod=article_inline) that an additional year of work raises future annual retirement income by 9%, on average. The financial benefits from continued work are even greater for low-income workers because Social Security’s progressive benefit formula replaces a higher share of earnings for low-wage workers than high-wage workers. The bottom fifth of earners gain, on average, 16% by working an additional year. + +The good news is that many older Americans are working longer. For much of the second half of the 20th century, the average retirement age for men declined steadily, as expanded employer pensions and the introduction of Medicare and early Social Security benefits made early retirement increasingly affordable. Between 1950 and 1993, the share of 65-year-old men participating in the labor force plunged from 69% to 28%. But the trend then reversed, in response to declines in employer pensions and employer-provided retiree health insurance, increases in older adults’ educational attainment and changes in Social Security rules. By last year, the participation rate for 65-year-old men had rebounded to 46%. + +The trends differ somewhat for women, reflecting changing norms about women’s work. Between 1950 and 1993, the participation rate for 65-year-old women edged up 5 percentage points, to 21%, as women of all ages moved into the labor force. The participation rate then surged to 35% in 2018. + +Despite these gains, obstacles to work at older ages remain. One is psychological: Many people feel they *should* retire by a certain age (or earlier), because that is the way it has always been. We should be encouraging older workers to stay on the job for their own health. + +What’s more, for many older workers the decision to leave a job is not their own. Instead, too many are [pushed out of their jobs](https://www.urban.org/research/publication/how-secure-employment-older-ages?mod=article_inline) before they are ready to retire, and end up struggling to find new work with comparable pay. Employers often seem reluctant to hire older workers, because of fears that they are too expensive, lack up-to-date skills, or will retire before employers can recoup the cost of hiring and training them. + +Various policy changes could increase older workers’ employment. Federal law prohibiting age discrimination in the workplace could be strengthened after a 2009 Supreme Court decision made discrimination more difficult to prove. We could revamp our approach to education and training to prioritize lifelong learning so older workers can keep their skills up to date. And we could invest more in programs and benefits for older unemployed workers, who generally have trouble finding jobs and often stop looking. + +By enabling more older workers to stay on the job, these reforms could benefit companies facing shortages of skilled workers. But it could do more than that. It could also save lives. +**TLDR**: Public Short Interest is about to be overshadowed by the DRS pool's total. The door out of the burning building is starting to slam shut. It'll be on paper how many apes are committed who just like the stock. Publicly shorting hedge funds and retail shorts will see this, get scared, and close their positions, price increases, leading to hidden shorts to **CLOSE** THEIR SHORT POSITIONS, leading to MOASS and tendies. (Scroll through for pictures!) + +[Edit: Putting this at the top for visibility!](https://preview.redd.it/rnu8yl3645091.png?width=546&format=png&auto=webp&s=cdd6e354c089cf6ee1134ca26aac15a5addf5761) + +&#x200B; + +[ Four 250mg Rockstars, 0 hours of sleep, and 0 hours of studying for my exams. But at least the DD is written. Also AutoMod took down my post 3 times, and I had to redo all the formatting and readd all the images\/gifs :\(](https://preview.redd.it/k47tpq9rc1091.png?width=955&format=png&auto=webp&s=605be49ed85f9017f303d2852507bb4fdc57c8c1) + +I recommend you play this song before reading, it makes me bullish, maybe it'll make you too, [Youtube - Alive by Zeds Dead](https://www.youtube.com/watch?v=QGgrYaamZqc) + +Once you got it going, take a look at these photos + +&#x200B; + +[ On MarketBeat, you can find the public GameStop short interest. As of April 30th, 2022 the \\"total\\" shares sold short was 13,540,000 shares. ](https://preview.redd.it/00ob9zisc1091.png?width=501&format=png&auto=webp&s=c176c64914b2e7b1b61f8c095557c8c8b5d42572) + +[ On Fintel, this figure is 13,540,994 shares. ](https://preview.redd.it/1olrksatc1091.png?width=317&format=png&auto=webp&s=bf454b174f89a8ea4117d416698f110a95aa6990) + +[ On ComputerShare.net you see that the DRS pool is roughly 12,507,016 shares. This estimate is accurate as it was a few percentages off calculating\/predicting the 2021 Q4 results. ](https://preview.redd.it/sb2o8d8vc1091.png?width=438&format=png&auto=webp&s=a43b8cac622106139bd6072012692eb96ce1efee) + +# Okay, so what? + +These numbers mean we're close to a **major turning point** in the GME story. What you're about to witness is undeniable proof of why diamond hands get their name. When on paper there are more shares locked away than public short positions, that's when the game changes. That's when the exit starts closing. + +# It's a major turning point because it's a symbolic moment that victory is in view, and the numbers will be an undeniable fact. + +&#x200B; + +[ Let those Jolly Rogers FLY! ](https://i.redd.it/pnn4knexc1091.gif) + +**It's a huge line to cross**. Enough GME holders have had enough of brokers and took their shares into their own hands. Diamond hands independently choose to hold their shares away from the DTCC. Those who believe in the future of GameStop, GMErica, and GME's NFT marketplace. They know their shares are worth more than the price on their phone. So many in fact, **it rivals the ENTIRE public short interest.** + +[ I'm NOT LEAVING! Are you?](https://preview.redd.it/1s6urfq0d1091.png?width=1849&format=png&auto=webp&s=555c2e6d40684a8c1dff16a928548a07cfc884dd) + +# Let's break it down. + +* \# of shares dedicated to holding through CS, will soon be > # of shares being sold short + * This data **will be publicly available** with each earnings report + * You know this, the shorts know this, your dad can google this. +* \# of shares in brokerages > # of shares in CS + * The data on the total # of shares in brokerages **isn't publicly available.** + * We know this, but retail shorts/short hedge funds MIGHT NOT believe this + +Now keep that in mind. + +* Manipulation through creating shares through ETFs, retail buy flow to dark pools, etc are **RAMPANT**, and **can't be stopped because**... +* Short hedge funds (SHFs) won't close until they **absolutely have to**, spending tens if not hundreds of millions to protect themselves. However... +* Retail shorts and smaller short hedge funds **don't have the same protections**. + +&#x200B; + +# Now, what does this mean? + +When on paper, diamond hands > public short interest, it will be an undeniable fact that the DRS crowd is serious. Serious enough of a problem that it might just start the race for the exit. The numbers will be public information, every SHF and retailer short will see how big the pool against them is. They'll certainly do the math. + +[DRS is close to overtaking open \(public\) short positions. \<8&#37; away](https://preview.redd.it/nt89ca64d1091.png?width=324&format=png&auto=webp&s=a7b599fe8b0b0215a7d7bcc4edf2e4577c4aea41) + +# Let's do the math too, shall we? + +* The free float is **34,693,673 shares**, DRS is estimated to be **12,507,016 shares**, and the total shares sold short (publicly) was **13,540,000 shares** on April 30th, 2022. +* **Free Float - DRS** = **22,186,657** shares available for public shorts to close their positions with. +* **22,186,657** \- **13,540,000** closing their short positions = **8,646,657** shares left over. +* That's **8,646,657** shares left for the hidden shorts to close their positions with. + * This doesn't even include apes in brokerages and especially IRAs, who'll refuse to sell. + +[ Here's a graphic I cooked up in Photoshop for the smooth apes who need a visual. THE EXIT IS SHRINKING. ](https://preview.redd.it/26b77356d1091.png?width=817&format=png&auto=webp&s=fa2a92f0ee9290e66def0f2ed26a0c8c3914abd6) + +THAT'S the door out of their short positions, the only way out of the burning building. + +**8.6 million shares.** + +Decreasing daily. + +No other escape, only that many shares. + +&#x200B; + +[ Tick Tock Hedge Funds. ](https://i.redd.it/qwqbkdo9d1091.gif) + +[ AND THE RACE IS ON! ](https://i.redd.it/z00vvtmbd1091.gif) + +# Now that we know the SHF's are scared, what else should they be afraid of? + +1. NFT marketplace + +* To be released by end of Q2, which [~~ends on June 30th~~](https://fundsnetservices.com/quarter-q1-q2-q3-q4). **Correction: Ends on July 30st.** (in less than 76 days) +* GME's Marketplace [will dominate the NFT space](https://www.reddit.com/r/Superstonk/comments/rcsqzy/comparing_openseas_nft_marketplace_to_gamestops/) + * The current largest NFT marketplace OpenSea is worth [$13.3 billion](https://www.bbc.com/news/technology-59880739) + * OpenSea costs [$70 - $300](https://www.alphr.com/opensea-mint-nft/) to sell an NFT. +* Loopring's Chief Architect's Dune page shows each transaction costs $0.16 + * Source: [Loopring Analytics Dune page](https://dune.com/Brecht/loopring) +* Therefore, GameStop's marketplace will be cheaper, as it's powered by L2 Loopring. + * Loopring has transaction fees "[1/30 - 1/100 of the fees on the Ethereum mainnet.](https://loopring.io/#/)" + * People will naturally move to the cheapest option. + * Plenty of room to grow in a "$41 billion addressable market" \[2022 Proxy Statement, letter from CEO Matt Furlong\] +* [GameStop's NFT wallet](https://uspto.report/TM/97327053) will launch soon + * Could overtake MetaMask as the most used NFT wallet\~\~, as it has access to L2 and L2 fees\~\~ + * **Edit: MetaMask does have access to L2.** + * If the features and UI are vastly better, I could see developers switching to it. +* This is all SHF nightmare #1 + +&#x200B; + +2. [Annual Share Holder Meeting; Stock Split](https://investor.gamestop.com/static-files/69239be2-1b34-444e-b981-ad69b586cedb), possible Catalyst Announcement + +* Announced in the 2022 Proxy Statement, to be on June 2nd, 2022 (in 15 Days) + * "Our Board intends to approve the Stock Split, subject to and contingent upon stockholder approval and the effectiveness of the Authorized Shares Amendment" +* The annual meeting is voting to increase the number of authorized shares of our Class A Common Stock (the “common stock”) to 1,000,000,000 + * The Stock Split ability goes from 1:3 to 1:13, multiplying shorts positions at the same time + * The Stock Split is distributed through an stock dividend, forcing shorts to buy shares to cover the dividend shares. + * The Dividend might be in the form of [NFT dividend](https://www.reddit.com/r/Superstonk/comments/upw4x7/the_stock_dividend_is_going_to_crush_shfs_and_i/) + * The Stock split is distributed through an stock dividend, forcing shorts to buy shares to cover the dividend. +* Possibility of a bullish announcement, unexpected good earnings (especially while they are focused on spending capital on expanding), etc +* This is SHF nightmare #2 + +&#x200B; + +3. Shorting GME and decreasing the price leads to accelerated DRS + +* Back to that closing door metaphor. The more they are short, the smaller the door gets. + * Shrinking free float by DRS + * Creating more short positions to cover/eventually close. They are digging themselves into a deeper hole. +* Dropping GME from let's say \~$90 to \~$45 would allow dip-buying apes to **TWICE** their pace. + * Drop it too low, the stock gets to be oversold, DRS bulls rally once again! + * Allow it to rise too high, risk margin calls +* This is SHF nightmare #3 + +[ The bricks to financial freedom. BRICK BY BRICK! ](https://preview.redd.it/lwm4piiqd1091.png?width=292&format=png&auto=webp&s=3bfedf824c1c0b438d9f42237c0a5745692b9b91) + +# + +# Now here's how I see the GME story continuing. + +Any number of GME catalysts kick off, then the price starts to run... + +* Scenario 1: Small shorts don't close, more shorts pile on, and big shorts don't close + * Result: Public short interest increases, float left for hidden shorts gets even smaller +* Scenario 2: Small shorts start to close, short interest decreases, and big shorts don't close + * Result: Price increases, hidden shorts burn more, float left for hidden shorts to close increases +* Scenario 3: Small shorts close quickly, short interest decreases, big hidden shorts start closing + * Result: The Mother Of All Short Squeezes + +&#x200B; + +[ The door is coming to a close, who'll close first? ](https://i.redd.it/purb3zlsd1091.gif) + +and that's it! Thanks for reading my DD. + +|Hours Slept|Bullish Meter|Tiqtes| +|:-|:-|:-| +|0|140%|JACKED| + +**Keep reading for community shout outs, some bullish reminders, and some notes/PSA.** + +&#x200B; + +https://preview.redd.it/8ocnf5qtd1091.png?width=1432&format=png&auto=webp&s=c6e4639ff7d8f04b75dc8367ae33229dcb24cf44 + +1. u/Roid_Rage_Smurf for building and maintaining DRSBot! What can I say besides they're the best! +2. u/phillythebeaut, u/Knightsbridge_1896, u/No-Vacation-654, u/SimpleJack2021, u/WrongScratch from the DRSBot Witness Squad. They volunteered to manually verify large DRS posts, remove fakes/trolls, and [keep the whole thing chugging along](https://www.reddit.com/r/Superstonk/comments/u5g6fe/perspective_of_a_drsbot_witness_featuring_my/). I've never worked with a better team. <3 +3. u/jonpro03 for running [ComputerShared.net](https://ComputerShared.net) and their Reddit scraper to automatically log DRS posts. Their calculations were spot on for the Q4 2021 Earnings. +4. u/stopfuckingwithme who tracks the "ComputerShare New High Score Winner", this high score can be converted by removing the last number to reveal the number of ComputerShare accounts. They've been [doing it for close to 8 months](https://www.reddit.com/r/Superstonk/comments/ptwr2g/comment/hdzz2nz/?utm_source=share&utm_medium=web2x&context=3)! +5. u/derhyperschlaue and u/millertime1216 for stepping up and creating [DRSGME.org](https://DRSGME.org) to help new apes learn the ropes from scratch. +6. u/Pharago who posts the "Today's the Day!" starfish every morning. +7. u/superheroninja who posts the GME 100% Utilization daily posts! +8. u/mr_boost for Ape News Network! This ape's commitment is inspiring! +9. u/One_Eyed_Bandito for the red/green image daily posts. +10. u/Elegant-Remote6667 for creating [ApeHistorian.com](https://ApeHistorian.com) to backup all the Due Diligence. +11. On YouTube, Elliot Wave Guy u/possibly6 for his technical analysis. It's nice to just hear what he thinks. +12. On YouTube, CosmicLightningWarrior for his bullish and hilarious live streams about GME. +13. All the daily posters and active commenters who keep the subreddit going and hyped! +14. The apes who post the "so hot rn" meme, they make me laugh. +15. The apes who post the dancing cat with the bongo music guy, which makes me dance. +16. THE MODS! Thank you for holding down the fort for so long! Couldn't do it without you all. +17. Especially shouting out all the DD writers, researchers, and wrinkled apes. <3 + +&#x200B; + +&#x200B; + +https://preview.redd.it/sdcw3ezud1091.png?width=1443&format=png&auto=webp&s=954dddad8c7d7b7e3c6bbd7741d3d041fc929de9 + +1. Remember: Long positions have infinite upside, whereas shorts have [infinite downside](https://www.reddit.com/r/Superstonk/comments/ukzo1y/thats_why_youre_going_to_win_if_you_are_patient/) +2. GameStop Twitter posted "[Oops \*moass\* my bad](https://www.reddit.com/r/Superstonk/comments/unwk1j/on_this_day_one_year_ago_we_got_the_biggest/)" a year ago +3. The [news is starting to frame Reddit](https://www.reddit.com/r/Superstonk/comments/umluov/which_narrative_will_they_choose/), especially Super Stonk [(by name](https://www.reddit.com/r/Superstonk/comments/uo8vit/superstonk_a_very_big_community_being_recognized/)) for the market crash +4. The Media, especially people like Charles Payne are NOT to be trusted. [When they take our side](https://youtu.be/fQXwLhCeLso) it's to convince us to believe them later. +5. IRAs [can be DRS'd](https://www.reddit.com/r/Superstonk/comments/ub4e95/ira_drs_visual_guide_traditional_and_roth_sdira/). + +* [DIY: How to DRS Transfer Traditional and Roth IRA shares from a brokerage account to Computershare without tax implications (clean version)](https://www.reddit.com/r/Superstonk/comments/ukialw/diy_how_to_drs_transfer_traditional_and_roth_ira/?utm_source=share&utm_medium=web2x&context=3) + +1. Bring back "[You are Here](https://www.reddit.com/r/Superstonk/comments/um59mi/superstonk_i_find_it_wholly_unacceptable_that/)" VW chart posts! They're bullish and it's practically tradition. +2. r/ place was sick, especially how much room the subreddits were able to hodl down +3. GME apes are so committed, we had a Lego weekend, pirate weekend, etc +4. I sit on Reddit everyday, and I see what feels like hundreds of purple circles and letters a day. + +Lot's to be bullish about, so no worries friends, buy/DRS/vote and then be zen! + +&#x200B; + +https://preview.redd.it/35q9qn3wd1091.png?width=1460&format=png&auto=webp&s=64106e2a37e98b737542dfe81ae92906a6de7048 + +1. FUD and Confusion around Full and Free Floats. Settings for [ComputerShared.net](https://ComputerShared.net) + +Free Float: (Public Float) are shares that can be publicly traded and aren't restricted (example: insiders). + + = Full Company aka All Issued Shares - (Institutional, Mutual Fund, ETF Shares Combined) + +Full Float: These aren't the 'publicly' traded, but are at risk of being sold/paper handed to SHF's, therefore should be used in most "Float Locked" calculations. + + = Full Company aka All Issued - (Insider Restricted Shares) + +[ Correct settings to get free and full float from ComputerShared.net ](https://preview.redd.it/ygxlfwgxd1091.png?width=1077&format=png&auto=webp&s=0cfab444ecd31fee870068bf776e98fb61c2e27f) + +2. As an avid user of this sub, I'm seeing a slow decrease in use of the sub's culture in the comments. Examples of the culture here are + +* "I am not a cat" +* "No Cell, No Sell" +* Calling Citadel and Kenny "financial terrorists" +* "We can stay retarded longer than they can stay solvent" +* "To the moon" +* Rocket Emoji Spam "🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀" +* "Ape no hurt ape" +* "Be excellent to each other" +* "Buckle Up" +* "Brick by Brick" + +I think it would be cool to revive some of these! + +&#x200B; + +3. How to use DRSBOT ! + +* Note: DRS Posts on Super Stonk or GME are additive. Each new post lets you call the bot and add more shares to the total count. +* Note2: DRS Posts on GME Orphans are cumulative. You only get one post, so you need to !DRSBOT:RESET!, then post your new image proof in the comments, followed by calling the bot! +* Note3: Proof pictures/videos can be posted the easiest through Imgur, and then copying and pasting the link. + +[ DRSBOT instructions! As simple as 3 steps. ](https://i.redd.it/2yrsu0wzd1091.gif) + +4. Wish me luck on my two exams this afternoon please!! I'm gonna need it. + +&#x200B; + +# EDIT: Finished my exams, let's get some more wrinkles in here! + +https://preview.redd.it/yvnc1x2235091.png?width=900&format=png&auto=webp&s=485b57ff7241a35bf606753f24a13e47bbd46083 + +**Corrections**! + +* Q2 ends on **July 30th**, not June 30th. + * Sources: Q2 2021 ended on [July 31st](https://investor.gamestop.com/news-releases/news-release-details/gamestop-reports-financial-results-q2-2021) and Q2 2020 ended on [August 1st](https://investor.gamestop.com/news-releases/news-release-details/gamestop-reports-second-quarter-results-and-strong-progress). + * The fiscal quarters for GME are offset from calendar quarters +* TLDR and body text said "shorts ***cover*** their positions", should be "shorts ***CLOSE*** their positions" + * This is important, ***covering*** a short position is just temporary. + * ***Closing*** means sealing the deal and the shorts buy back their shares sold short. + * u/TendiesForBacon said why 'closing' is so important in this [comment](https://www.reddit.com/r/Superstonk/comments/urmh05/comment/i8zdp9f/?utm_source=share&utm_medium=web2x&context=3) +* MetaMask Wallet [DOES](https://www.reddit.com/r/Superstonk/comments/urmh05/comment/i8z4e89/?utm_source=share&utm_medium=web2x&context=3) have access to Loopring L2. I thought they didn't, my bad! + * Thanks u/noithinkyourewrong! +* Forgot some of some of my favorite daily posters! My Apologizes! + * [u/parsnip](https://www.reddit.com/u/parsnip/) who makes the daily Diamantenhände German Market posts! Whenever I pull an all nighter, I see their post, I check in, and it keeps me going! + * [MommaP123](https://www.reddit.com/user/MommaP123/) the fairy god mother of DRS. Bringing DRS to apes attention [11 months ago.](https://www.reddit.com/r/Superstonk/comments/o5f8zy/preliminary_information_for_direct_registering/) + * [u/pctracer](https://www.reddit.com/u/pctracer/) who posts the daily reverse repo posts. Your commitment to daily post is amazing! + +&#x200B; + +**Frequently Asked Questions (FAQs)!** + +* *If any wrinkle apes want to contribute to this with answers and sources, send me a DM !* + +1. Can institutions/mutual funds/ETFs sell their shares to short sellers to close their positions? + +* Yes, they have the right to sell their shares when they chose. +* My theory is these massive funds recognize that apes are holding to the moon, and they want a taste of it. If we wouldn't sell at $1,000, $2,000, $5,000, $10,000, why would they? + * Further, these shares shouldn't get dumped all at once. +* u/aforgettableusername said it [well in this comment](https://www.reddit.com/r/Superstonk/comments/urmh05/comment/i8z25i9/?utm_source=share&utm_medium=web2x&context=3), + * *"I 100% expect institutional holders to sell at high but not MOASS-level high prices, because they are merely interested in squeezing out the competition, NOT fueling the collapse of the house of cards. (...) But even if all institutions sell, it will make little difference in the end because the stock is shorted waaaay beyond 100% and hedgies are fucked no matter what. The door is closing in the most optimistic scenario; in reality, everyone knows it's been shredded like Monsters Inc. a long time ago."* + +1. "How will anyone but apes know the significance of one obscure number (short interest) compared to another obscure number (DRS shares) ? " - u/Patarokun + +* On paper it can be shown, there are X apes holding for the moon and Y shorts publicly betting against this. This can then just be represented as X > Y. + * I put the significance as enough to spook some of the smaller SHFs and retail shorts. + * Which would lead to closing short positions + * Which leads to price improvement + * Which leads to more shorts closing. +* This question feels like a call to action, I think that I can cook up some poster graphics that emphases this 'Hodler vs Short Seller". The simpler the better, focusing on **why and how they made such a bad bet.** + * Possibly [DRSGME.org](https://DRSGME.org) is the way to do that + +1. "Can’t disclosed short interest be on “legitimately” borrowed shares from institutions (ie: shares that are not part of the tradable float)?" [asked here](https://www.reddit.com/r/Superstonk/comments/urmh05/comment/i8y9b82/?utm_source=share&utm_medium=web2x&context=3) by u/6days1week + +* My [response](https://www.reddit.com/r/Superstonk/comments/urmh05/comment/i90yl0w/?utm_source=share&utm_medium=web2x&context=3) was "What's important is they **sold shares on the open market**. So that's where they need to pick them back up from. I think regardless of the source of the short position, by covering, you must go out an get a share." + +1. What if (Insert Catalyst) doesn't trigger MOASS? (ie Stock Split, Dividend, Float Locked etc) + +* We don't need one catalyst, we likely need them all at once. These are billion dollar hedge funds, we need all the infinity stones to take them down. + +**I could use some wrinkle apes here to answer the following questions!** + +5. "How long do the shorts have to deliver the shares after a share divided is declared? And what happens if they don’t?" - [u/Ginger\_Libra](https://www.reddit.com/user/Ginger_Libra/) [here](https://www.reddit.com/r/Superstonk/comments/urmh05/comment/i8z4vmr/?utm_source=share&utm_medium=web2x&context=3) + +6. Another big [question](https://www.reddit.com/r/Superstonk/comments/urmh05/comment/i8zs4q0/?utm_source=share&utm_medium=web2x&context=3) from u/PDZef, that I could use help on! + +7. u/PhantomBlack691 [asked](https://www.reddit.com/r/Superstonk/comments/urmh05/comment/i8ykwuh/?utm_source=share&utm_medium=web2x&context=3) "Are the public shorts not a part of the institutional holdings? + +&#x200B; + +**Update on my exams!** + +* *Edit*: (5pm EST) Heading to my exams! I'll catch up on replying to comments when they're done tonight! +* *Edit2*: (9PM EST) Just finished! I think I did well! Thank you all for your moral support! <3 + +&#x200B; + +**Update to DD Graphic** + +[Added the possible short positions, so it's easy to visualize how big of a problem this is for the hedgies](https://preview.redd.it/7rmzrd9ci5091.png?width=814&format=png&auto=webp&s=cdb3a6b57c9726987d9ffa8756dd93dea90ee4e5) + +&#x200B; + +**Bullish Comments** + +* u/SchroedengersCat88 had a [bullish comment here](https://www.reddit.com/r/Superstonk/comments/urmh05/comment/i8yhwpw/?utm_source=share&utm_medium=web2x&context=3) about the symbolism of this event +* u/DoubleFisted27 questions why # of shares in brokerages isn't public info [here](https://www.reddit.com/r/Superstonk/comments/urmh05/comment/i8yyxev/?utm_source=share&utm_medium=web2x&context=3). +* u/welcometosilentchill talks about keeping ourselves in check, breaking down shorts at different price points [here](https://www.reddit.com/r/Superstonk/comments/urmh05/comment/i8z3kun/?utm_source=share&utm_medium=web2x&context=3), but also says some bullish things! +* u/oMrChoww talks about the halts on May 12, 2022, and the liquidity of the stock [here](https://www.reddit.com/r/Superstonk/comments/urmh05/comment/i8zgddz/?utm_source=share&utm_medium=web2x&context=3) +* u/fsocietyfwallstreet explains how a stock split might play out [here](https://www.reddit.com/r/Superstonk/comments/urmh05/comment/i8ym2da/?utm_source=share&utm_medium=web2x&context=3) with a clarification +* u/honeybadger1984 explains how symbols are powerful [here](https://www.reddit.com/r/Superstonk/comments/urmh05/comment/i8zcbom/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; +*This post was not allowed on r/personalfinance so I thought I’d take my chances here* + +Edit: Forgot to mention I’ll be graduating in 2022 + +I am fortunate enough to say that I will be graduating college with zero debt. My tuition is paid for entirely by the school (UCF, IT Major) and our state scholarship program (Bright Futures). + +To save money, I decided to live at home (a ~25 minute commute) rather than dorm. I knew I wouldn’t be comfortable in a dorm, 4 dudes to a bathroom type situation. It just wouldn’t make sense to spend thousands on an apartment or housing when my home is literally half an hour way. + +I currently work at Publix as a cashier, and my only recurring expense is a car payment that I have until May 2026, and of course gasoline for that car. + + +**TL;DR** +**Anyways, my question is, for those of you who were in my situation, what was it like when you graduated? Everyone tells me “Damn bro that’s so nice you’ll be rich when you graduate!” Is that really the case?** +I'm 25 and just started to get into dividends at the beginning of the year. On average I make about $8 in dividends a month. As of now I can comfortably invest $100-200 a month into more stocks. I took the approach of going kinda broad with my investments and I'm worried I stretched too thin too early. I have a low amount of shares in several "safe" stocks (MMM, MCD, JNJ etc.) + +Without getting too specific I own an avg of 3 shares in 15 different stocks across healthcare, real estate, energy, consumer staples, and more. What do you guys think? Should I sell some and reinvest to reduce the diversity? Is that even a viable option? Or should I just stick with what I have? Thanks in advance. +My late father left a pot of money for my little sister’s university education. Initially I thought she should take out student loans and we’d use the money to repay them when she finishes but the interest charged while she’s studying is 5.3% which is higher than any return we’d make from a safe investment. Is there another option I’m not thinking of or should we just pay for her education from this pot? + +Thanks in advance 😊 + +UPDATE: Thank you so much everyone, this advice and info has been really helpful. I’m going to speak to my sister tomorrow about taking out the loan and find something safe to invest part of the money in while she’s at uni. +So I’ve been a cobinhood supporter since post ico, so naturally once the exchange launched I deposited my ~90k cobs in, this is where the trouble started, see with cobinhood you can’t withdraw until you’re level 1 verified, this took me days and a lot of hassle with the team first saying Aussies were banned, then allowed , however I finally got verified, during this time I did some cob trading and managed to increase my cob stack, now anyway fast forward to today, I login and half my balance has been wiped out, I had withdrawn 49k cobs, I had 4K usd left, 23.64 eth and 21k cobs, then I message the team, after they fix it they email me saying it was actually a bug on the exchange I re login and my _whole_ balance is wiped, on top of this the team NOW say the balance is correct, + +_DO NOT USE THIS EXCHANGE_ screenshots to come +Just an observation to describe just how insanely fast stock prices are rising right now. $430 Billion dollars in growth in 5 months is a ridiculously high growth rate to try to maintain. Please stay informed on your investing decisions in the coming months! +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your /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) +What do you guys think of my plan below? I get paid on the 15th and 30th each month. I'm contributing up to the match of my 401k but because this is with my net pay of $2,033.93, it won't be included here. + +$250.00 - Roth IRA (VTSAX, will equal to max limit) + +$263.57 - Vanguard ETFs (VIG & VYM, taxable account) + +$203.39 - Emergency Fund + +$300.00 - Student Loans ($30k balance, 5-6% interest will start again in September) + +$75.00 - Credit Card ($1k left. 0% until September due to balance transfer. Will pay off with quarterly bonus when 0% expires) + +$474.64 - Rent (share a 1 bedroom with partner in socal) + +$175.44 - Car payment + +$291.89 - Disposable + +I set it up so that 50% is going to investments and emergency fund. Full disclosure. My emergency fund is starting from $0 due to getting rid of another debt. I understand I need to fund that first before everything, but I feel secure enough with my job and that if something were to come up, I can put a hold on the Vanguard payments. +All the posts on this are over a year old so I thought I'd see if anyone had some light to shed on this. I've had an invitation for the Black Card (Centurion) pending for a while now. While the fees are negligible to me, I don't like to feel like I'm paying for something I'm not getting any benefit out of. + +It seems like the most valuable thing about this card is the airline benefits. I elect not to fly private due to environmental reasons and instead take the best product on a given commercial flight. From what I read the card seems to only help with Delta upgrades, but if in practice it could be used to secure upgrades on a variety of carriers that would be appealing. + +The other main point mentioned frequently is the hotel/experience benefits. What exactly does this entail? AmEx's description of this is also vague, gesturing to "exclusive" things available at "thousands" of hotels. But what exactly does this get you that getting a VIP room at a hotel wouldn't otherwise? And I presume, in general, that those with the spend required for the Black Card would be staying in such rooms anyway. + +Insight on these issues would be appreciated. +In March of 2018 I bought the LG GS-L668PNL fridge for **$1498**. That was the retail price at the time. The same fridge is available now at many retailers for an RRP of **$2099**. ([example](https://www.thegoodguys.com.au/lg-668l-side-by-side-refrigerator-gs-l668pnl)) + +Is this COVID related? The price of the same fridge has increased by 40% from 3 years ago! + +Should I start investing in fridges now as an appreciating asset? +sup apes, + +I hope everyone is looking forward to an exciting week of trading following the long weekend. I am curious to see what happens to the puts expiring on 21st. + +This is a follow up to my previous post "THEY STILL HAVENT TOLD YOU" where we looked at Bruce Knuteson's research paper regarding overnight and intraday returns. Out of courtesy, I emailed Bruce to let him know that Superstonk are very interested in his thesis. Not received a reply but will update if and when I do. + +Bruce has written several other papers on this topic, which are very much worth reading. they are all hosted here along with the code he uses to generate the data: [https://bruceknuteson.github.io/spy-day-and-night/](https://bruceknuteson.github.io/spy-day-and-night/) + +A bit about Bruce Knuteson before we go on, as I had many messages about his credentials (also I am not Bruce and can prove to mods if required lol). Bruce was Assistant Professor of Physics at MIT for nearly 5 years. He then went on to work at D E Shaw (remember this part) for 6 years in 2008 as a Quantitive Analyst, progressing to Vice President in 2011. + +He is clearly a knowledgeable guy. + +In this post though, I wanted to explore his various attempts at communicating his concerns to various regulators and media outlets. Bruce has made many attempts over the years to alert the relevant people to his findings, and has published these attempts on the GitHub linked above: + +# SEC + +Bruce has emails to the SEC between 2017 and 2021: + +[https://bruceknuteson.github.io/spy-day-and-night/correspondence/1/SEC.pdf](https://bruceknuteson.github.io/spy-day-and-night/correspondence/1/SEC.pdf) + +https://preview.redd.it/tk5d19lzqfc81.png?width=801&format=png&auto=webp&s=6ad99897a21d57205f661a6635571d8eb043a4d4 + +&#x200B; + +https://preview.redd.it/3edfok71rfc81.png?width=806&format=png&auto=webp&s=55073d10953130aedcde200afe2963278d05a685 + +&#x200B; + +https://preview.redd.it/xaxwwwt3rfc81.png?width=802&format=png&auto=webp&s=42fbc311d77fac68553e98358e549f0d9ddf8e6c + +&#x200B; + +https://preview.redd.it/uaqq4kn5rfc81.png?width=802&format=png&auto=webp&s=12a6eae797d9a01d68f409105bdf27378f3c5b53 + +&#x200B; + +https://preview.redd.it/hgp7iyc7rfc81.png?width=800&format=png&auto=webp&s=2d6e8ad889e77960dadd551027e7795a9c489a6a + +&#x200B; + +https://preview.redd.it/s7c5vxb9rfc81.png?width=800&format=png&auto=webp&s=5cdaf00aa0e914a0b597c91f190853c2b14885fc + +&#x200B; + +https://preview.redd.it/20og2r1brfc81.png?width=797&format=png&auto=webp&s=1e9adf9d8d1ab07a9980e2a029e14b5bf3971cf0 + +&#x200B; + +https://preview.redd.it/0z27cdscrfc81.png?width=802&format=png&auto=webp&s=b87ca9e13dcc7cada6fae74cd272788b2ee94d38 + +**THE OFR** + +emails to OFR between 2017 - 2021 (not a single response) + +[https://bruceknuteson.github.io/spy-day-and-night/correspondence/1/OFR.pdf](https://bruceknuteson.github.io/spy-day-and-night/correspondence/1/OFR.pdf) + +&#x200B; + +**THE NY FED** + +Bruce emails NY FED between 2020 and 2021. They do reply with a paper they released looking at the pattern: [https://www.newyorkfed.org/medialibrary/media/research/staff\_reports/sr917.pdf](https://www.newyorkfed.org/medialibrary/media/research/staff_reports/sr917.pdf) + +Bruce notes this offers no explanation to who is causing this pattern, merely acknowledges it exists. + +[https://bruceknuteson.github.io/spy-day-and-night/correspondence/1/NYFed.pdf](https://bruceknuteson.github.io/spy-day-and-night/correspondence/1/NYFed.pdf) + +&#x200B; + +https://preview.redd.it/lm0leywurfc81.png?width=808&format=png&auto=webp&s=adf0be9dda53947346afdd631949c8cc0abdd8cd + +&#x200B; + +https://preview.redd.it/2jc01u6xrfc81.png?width=813&format=png&auto=webp&s=0852c24437b68ef05fc61b0168cdfa6ade9d1a21 + +&#x200B; + +https://preview.redd.it/7w8dtioyrfc81.png?width=816&format=png&auto=webp&s=e960d44ba141e482d137f6a29621d74b78d14a3b + +&#x200B; + +https://preview.redd.it/tfxgpbc0sfc81.png?width=809&format=png&auto=webp&s=638b75d5c85b0b5ae61f563583a154d365cb46b8 + +&#x200B; + +&#x200B; + +https://preview.redd.it/l4foz363sfc81.png?width=576&format=png&auto=webp&s=192a3865a4e000f46b11e0609cda70e965e77c63 + +**FINANCIAL TIMES** + +[https://bruceknuteson.github.io/spy-day-and-night/correspondence/1/FT.pdf](https://bruceknuteson.github.io/spy-day-and-night/correspondence/1/FT.pdf) + +Bruce emails financial times between 2017 and 2021, who do eventually engage by providing questions for answer. Interestingly in this exchange, Bruce notes that a contract with D E SHAW his previous employer restricts him from answering some things: + +&#x200B; + +https://preview.redd.it/r704o86ssfc81.png?width=676&format=png&auto=webp&s=0777f0a995f02d32fcc84d82609572edcea0b7d2 + +&#x200B; + +https://preview.redd.it/g36cfcmtsfc81.png?width=774&format=png&auto=webp&s=69dad1ab7624a06274ae151b4591a35c453a98f1 + +**WALL STREET JOURNAL** + +[https://bruceknuteson.github.io/spy-day-and-night/correspondence/1/WSJ.pdf](https://bruceknuteson.github.io/spy-day-and-night/correspondence/1/WSJ.pdf) + +Super professional from them: + +&#x200B; + +https://preview.redd.it/u3yv28r4tfc81.png?width=696&format=png&auto=webp&s=c396d45a6b4c334e492908e39811be658e37e552 + +**WASHINGTON POST** + +[https://bruceknuteson.github.io/spy-day-and-night/correspondence/1/WashPost.pdf](https://bruceknuteson.github.io/spy-day-and-night/correspondence/1/WashPost.pdf) + +Now this part is where it gets interesting. Clear interest in the topic from the reporter: + +&#x200B; + +https://preview.redd.it/7fadq8cftfc81.png?width=582&format=png&auto=webp&s=a84a35940125b5d3c3e354e8fc9e4e847fc3a61a + +&#x200B; + +https://preview.redd.it/7b5wcqdmtfc81.png?width=551&format=png&auto=webp&s=cab22759d2488b65f4fe96ffb4c04605499cc78c + +Note the reply which seemingly stops the conversation dead. "D E SHAW IS A BIG DEAL. MY OWNERS FORMER EMPLOYER". + +Who do we know that worked for D E SHAW, that now owns Washington Post? + +&#x200B; + +[wtf](https://preview.redd.it/gy63arvwtfc81.png?width=675&format=png&auto=webp&s=f09888f435928e645629f462493507d886881a9f) + +Why no interested anymore Washington Post? + +&#x200B; + +I hope Apes find these exchanges interesting. Due to the number of questions and replies I saw about why the general tone of the article was sometimes angry/frustrated, I think these go a long way to show why. Bruce has strong conviction in his thesis that this is not normal (look at China where this does not occur) and has been trying to communicate this to people who are ultimately responsible for ensuring these abnormal patterns are thoroughly investigated, and to ensure if manipulation is occurring, to put a stop to it. + +They are clearly not interested, or, as he says, have chosen not to tell you. +Too many executives. They “steal” and pocket millions or tens of millions. Some hundreds of millions. All while paying their employees dog shit and charging customers way too much. Scams galore +***I apologize for the click-baity title, but I also don't. I also know that we are tired of commenting on regulations. Screw that FUD. This one is really important for us and for our future.*** + +***FINRA 21-19 is SO MUCH BIGGER than we thought.*** ***We now have to the END OF THE DAY to be heard and directly affect the magnitude and mechanics of regulations passed with FINRA 21-19. Please do not pass on this just because it is a long read- its RICH! get ready to get PISSED*** + +source: [https://www.finra.org/rules-guidance/notices/21-19](https://www.finra.org/rules-guidance/notices/21-19) + +============================================================================ + +**TLDR:** +**-FINRA is directly responsible for the bulk of oversight failures that led to this, not the SEC** +**-FINRA admits their short reporting framework is useless in detail** +**-FINRA 21-19 brings significant reform but is still open for comment** ***TODAY ONLY***!!! +**-FINRA 21-19 though broad, is very loose and is** ***begging*** **for comment on specifics and magnitude of enforcement** +**-If MOASS doesn't start before regulations decided on here go into effect, 21-19 SIGNIFICANTLY impacts ability of shorts to maneuver illegal short positions. I would call it crippling.** +**-Depending on how much we get our voices heard, 21-19 could make the difference between regulatory catalyst or not. Shorts have already spoken.** +**-21-19 potentially constitutes a lot of the reporting standards we would have thought would have been in place 20-30 years ago** +**-GG, regardless how you feel about him, has been telling us incessantly that regulatory bodies want to hear from investors about regulatory oversight and reform. That message is also clear in 21-19** + +============================================================================ + +# INTRODUCTION + +Like many of us, I knew nothing of the markets before the January sneeze. Since then, I have accumulated a general knowledge of the inefficiencies of the current market structure that lend to rampant corruption. + +Two days ago, [u/MatEngAero](https://www.reddit.com/user/MatEngAero/) reminded us that the comment period was almost up on FINRA 21-19. I looked at the FINRA link briefly, found some other older posts from June on the topic and realized how significant it was, [and got a brief message out](https://www.reddit.com/r/Superstonk/comments/pxfua4/we_only_have_2_days_left_to_comment_on_finra_2119/). But I knew it needed a closer look, so today I dove in the best I could, and what I read left me shocked and infuriated. + +***FINRA openly admits to astounding weaknesses in the current short position reporting framework, to the effect of trying to put out a house fire with a squirt gun. These are some of the most asinine oversights I have ever seen.*** + +With 21-19, FINRA outlined these failures openly alongside significant proposals to reform many of these reporting frameworks. In the proposals is a large degree of variance in magnitude, as well as an open request for input from both investors and institutions both for and against the proposals. The proposals themselves are so significant that they are clearly a threat to ALL institutions that profit from hiding short positions. Even though the comment period was extended from Aug 4th to Sep 30th, you can bet this has been slid from our forums and that every malignant short entity has already made their arguments against every proposal on 21-19. + +Unlike all the times when Kenny and Madoff were able to sit on their oversight committees and manipulate legislation from the inside, investors have been called upon to speak for themselves; *the apes MUST answer*. Where DRS is the kryptonite to Citadel and Co., 21-19 is a Red Sun to all those scumbags, and I'm going to show you why. + +Part 1 +**I. Why is FINRA significant? FINRA is the first line of defense** +**II. Significant failures and loopholes in current SI reporting outlined by FINRA** +**III. New proposals and notable weaknesses and remedies** +**IV. What apes can do and why** + +Part 2 (coming soon as possible!) +**V. Closer look at concerns from part II and elsewhere** +**VI. FINRA questions and significant sentiments from 21-19** +**VII. Discussion and rebuttal to arguments against strict SI reporting** + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +# I. Why is FINRA significant? FINRA is the first line of defense + +We have had a lot of our hopes dashed interacting with the SEC, hoping for some sort of action both for us and for the betterment of the markets. Over and over we get loose, sometimes cryptic responses, seemingly random and small enforcement actions, and more requests for comment. The mixed messages are confusing. + +It turns out that we may have been largely barking up the wrong tree. + +[FINRA IS IN CHARGE OF BROKER-DEALER REGULATION](https://preview.redd.it/eehryik44kq71.jpg?width=666&format=pjpg&auto=webp&s=9c379036d419e9ed3cbaa96fe41d2bdee59c89b2) + +[SEC HAS GIVEN RESPONSIBILITY TO FINRA](https://preview.redd.it/2oyj0oj54kq71.jpg?width=772&format=pjpg&auto=webp&s=16a5593d12d567d622d561934c5eb996014a6125) + +Is FINRA the regulating body that we have been needing to step up? It would seem so. Remember that broker-dealers are not only brokers as we commonly refer to them, but any market institution which handles securities on behalf of clients. **I confirmed this in the list of entities they regulate**: + +[https:\/\/www.finra.org\/about\/firms-we-regulate\/broker-dealer-firms-we-regulate](https://preview.redd.it/911rmc4z4kq71.jpg?width=1298&format=pjpg&auto=webp&s=61aa5d3351fa45dde0ec1dff1e7cd49875e8c96c) + +https://preview.redd.it/vy33nqgz4kq71.jpg?width=1122&format=pjpg&auto=webp&s=e6d68c47bf407dfc0de1482a339097d26d3d1f02 + +[Also found here: IBKR, Webull, Blackrock Execution Services, Blackrock Investments LLC, etc](https://preview.redd.it/ain2fowz4kq71.jpg?width=1062&format=pjpg&auto=webp&s=1fef97bd10da0610abf46e6369c68e1e09b4cef0) + +Most of the big market participants that are part of this situation, from facilitating naked shorting to PFOF and the shuffling of FTD's, are under the jurisdiction of FINRA first before the SEC. + +I believe this means that the majority of actions that should have been taken against Citadel should have been instigated by FINRA. A big part of FINRA's regulatory ability, incompetence aside, comes from the regulations that FINRA has in place for both reporting and enforcement. Enforcement regulations are heavily dependent upon the data that FINRA supplies itself with via reporting regulations. In regards to short interest data, there is very little and it is effectively worthless. + +*(speculation) I suspect that one of the reasons why the SEC has been so slow to enforce is the same reason why FINRA got busy completing their punishment of RH for investor damages from 2016; FINRA was behind on enforcement and they had to get their things in order before they could proceed with any further enforcement actions against or involving RH.* + +Now that we've arrived at the butcher, lets get to the meat. + +# II. Significant failures and loopholes in current SI reporting outlined by FINRA + +*definitions:* +*Gross: total* +*Aggregate- combined without information on sub-components* +*Granulated- broken into individual components, such as account holders* +*Disseminate- distribute publicly* + +Here is a list of quotes from FINRA 21-19. They may not include ALL the comments of this nature from the document, nor do they demonstrate the immense instability in purpose/identity that FINRA seems to be facing that are highlighted in later in the document. I'll get to those. Admission of guilt first. + +(The following quotes are taken directly from Regulatory Notice 21-19. Elipses indicate when redundant or inapplicable text has been removed for convenience while maintaining the integrity of the text, to the best of my ability.) + +&#x200B; + +>"Under current Rule 4560, **firms report to FINRA the gross short interest in a security aggregated across all accounts twice a month**. Firms have two business days after the settlement date to submit the reports. **The data do not distinguish the type or identity of accounts with short positions. The data also do not reflect short positions that are achieved synthetically or loan obligations resulting from arranged financing.** " +> +>"FINRA understands that members may offer **arranged financing programs** (sometimes called **“enhanced lending” or “short arranging products”**) through which **a customer can borrow shares from the firm’s domestic or foreign affiliate and use those shares to close out a short position in the customer’s account**…. We request comment below on whether firms *have* such programs." +> +>"**The sale of a call option and purchase of a put option with the same expiration date and strike price provides equivalent exposure to the price of a stock as a short sale.** Despite this equivalence, **this synthetic position does not currently create a short position that would be reportable** under the current version of Rule 4560. **The extent of use of this and other types of synthetic short positions is unknown.**" +> +>" In comparing the short interest on the March 15, 2021 and March 31, 2021, settlement dates, 8,017 OTC equity securities had changes in short interest. The magnitude of the change in short interest for exchange-listed equity securities amounted to 26 percent of the average daily trading volume for the median exchange-listed security but rises to 60 percent by the 75th percentile and **192 percent by the 95th percentile.**" +> +>"Currently, **when there has been a fail-to-deliver, FINRA initiates an inquiry** with the clearing firm requesting information on whether the fail-to-deliver has been allocated to a correspondent firm and, if so, the identity of the correspondent firm" +> +>"For exchange-listed equity securities, bi-monthly **short interest data is aggregated at the security level and provided to the relevant listing exchange that determines the content of the data it disseminates.**" + +&#x200B; + +We knew that short interest is reported bi-monthly. Remember that FINRA regulates broker-dealers? FINRA has NO IDEA where short interest is coming from within those entities, nor do they know how much is from the entity itself. It takes ZERO account of synthetics. Want to know how they hide synthetic interest? They don't even have to, FINRA is blind in one eye. + +They know of "arranged financing" programs that allow members to loan other members shares in order to close out short positions, resulting in a loan that is totally uncounted as a short position. Is there anything to prevent them using other synthetics to turn these short positions into "loans?" + +Despite being aware of "arranged financing" agreements for turning shorts into inter-member loans, FINRA seems to have no idea who are using them. And, though they are aware of married puts and their synthetic short product, FINRA doesn't even ASK that they be reported. + +In a two-week period between reporting in March, FINRA KNEW that short interest was varying on AVERAGE 192% amongst the most extreme 5% of broker-dealers (172 of 3435 brokers regulated by FINRA). That means FINRA knew that SI reporting dates provide completely irrelevant data by the time of reporting. + +On an FTD, FINRA must go ASK the offending broker who it came from. + +Short interest that is reported on exchange-listed securities, as opposed to OTC listed, is not available to public directly. Instead it is first aggregated, then it must go through an exchange "THAT DETERMINES THE CONTENT OF THE DATA IT \[SHARES\]". The short interest data we see on public stocks has been compressed and then filtered by exchanges. + +In summary so far, short interest data is not only hugely incomplete before it gets to FINRA, but the data that comes is already far outdated and then gets rectified by non-regulators before it gets back to us. We knew it wasn't trustworthy already, but now we know why. It's complete garbage, all of it has been. + +This verifies what we already knew about how they dealt with the SI in January, and adds more avenues of manipulation. + +# III. New proposals and notable weaknesses and remedies + +Now (June when this was drafted), likely faced with pressure from the SEC and other agencies after allowing all that contributed to the MOASS under their watch, FINRA has come up with some proposals to reconcile these reporting issues. Despite these proposals covering most of the issues aforementioned, roughly one-third of the document is additional requests for comment on additional circumstances which I will cover later. Let's see what they propose: + +>"FINRA is considering the following changes to reported and disseminated short interest data. In some cases, FINRA also is *considering whether the additional data points proposed to be collected should be disseminated publicly or used only for regulatory purposes*. " +> +>"FINRA is considering consolidating the publication of short interest data that is reported to FINRA for both listed and unlisted securities. " +> +>"**Proprietary and Customer Account Categorization:** +> +>FINRA is considering requiring firms to segregate the total reportable short interest into two categories—short interest held in proprietary accounts and short interest held in customer accounts. +> +>...firms also would be required to specify the short interest held across all proprietary accounts and across all customer accounts (for both retail customer and institutional customer accounts) for each equity security as of the close of the designated reporting settlement date." +> +>"**Account-level Position Information:** +> +>Alternatively, FINRA is considering requiring firms to report (for regulatory purposes only; not to be disseminated publicly) short interest position information with more granularity by reporting at the account level for all equity securities" +> +>"**Synthetic Short Positions:** +> +>In addition, FINRA is considering requiring firms to reflect synthetic short positions in short interest reports. For example, enhanced short interest reporting could include synthetic short positions achieved through the sale of a call option and purchase of a put option (where the options have the same strike price and expiration month) or through other strategies. FINRA believes this information would assist FINRA in understanding the scope of market participants’ short sale activity, specifically regarding the use of less-traditional means of establishing short interest. " +> +>"**Loan Obligations Resulting From Arranged Financing:** +> +>FINRA understands that members may offer arranged financing programs (sometimes called “enhanced lending” or “short arranging products”) through which a customer can borrow shares from the firm’s domestic or foreign affiliate and use those shares to close out a short position in the customer’s account. FINRA is considering requiring members to report as short interest outstanding stock borrows by customers in their arranged financing programs to better reflect actual short sentiment in the stock" +> +>"**Frequency and Timing of Short Interest Position Reporting and Data Dissemination:** +> +>...FINRA is considering reducing the reporting timeframe to daily or weekly submissions… short interest reports \[would\] be due by 6:00 p.m. ET one business day after the designated reporting settlement date…" +> +>"FINRA also is considering reducing the FINRA processing time involved in disseminating short interest data… The proposed reduction in FINRA processing time could apply where firms report short interest to FINRA on a daily or weekly basis, as described above, and also could apply to the current twice a month reporting cycle (with or without a reduced firm turnaround time). " +> +>"**Information on Allocations of Fail-to-Deliver Positions:** +> +>Regulation SHO permits a member that is a participant of a registered clearing agency to allocate a portion of its Rule 204 fail-to-deliver position to another broker-dealer based on that other broker-dealer’s short position. FINRA is considering enhancing its short sale reporting program by adopting a new rule to require members to submit to FINRA (for regulatory purposes only; not for public dissemination) a report of daily allocations of fail-to-deliver positions to correspondent firms pursuant to Rule 204(d) of Regulation SHO. The proposed allocation report may include the following fields: +> +>Security, Identity of correspondent firm, Amount allocated to correspondent firm (number of shares), Trade date(s), Allocation Date, Close out Date, Applicable close out obligation (T+3, T+5 or T+35) +> +>…Obtaining daily information on fail-to-deliver allocations would allow FINRA to directly identify the member that is responsible for a close-out obligation (without first requesting this information from the clearing firm), and, therefore, would allow FINRA to conduct more efficient investigations." +> +>"**Account-level Position Information:** +> +>Currently, short interest is reported by a firm on an aggregated basis across all accounts. By requiring firms to report short interest positions at the account level, FINRA believes it will obtain insight into the identities of individuals or entities with large short interest positions that would enhance its reviews for compliance with Regulation SHO and other short sale obligations. To obtain the full benefit of this data, FINRA is also considering possible ways to identify account holders across firms." + +&#x200B; + +To start, FINRA makes the point that they haven't decided exactly how much of any of these proposals' reported data will be publicly disseminated, and how much will be kept internally for enforcement purposes. It is my personal belief that the more transparent the markets are, the truer and healthier competition can be. It is also my belief that any entity or FINRA member (remember, these are already broker-dealers) large enough to make significant impact on the markets by any reasonable estimation should have all position data that is subject to reporting also be subject to dissemination. To me, there is no distinction between enforceable and public corporate data in a fair market. + +Lets simplify the proposed rules and consider each of their respective weaknesses and how to fix them. + +\-**Proprietary and Customer Account Categorization:** FINRA members must report short interest differentiated by proprietary and institutional/retail accounts, instead of aggregate by member. *Wording unclear whether institutional vs retail customer SI must be reported. Institutions can easily spread short positions amongst multiple broker-dealers, effectively hiding concentrated short positions amongst retail customers. Therefore, retail vs institutional customer must be reported as separate units at a minimum, not even considering granulated institutional SI per broker-dealer.* + +\-**Account-level Position Information:** granular (by account) SI reporting for enforcement only. *I believe that granular information should be disseminated of proprietary accounts of significant broker-dealers at a minimum.* *Broker-dealers have inherent information advantages as they can see their clients positions. Customers have the right to examine whether or not their broker dealer is actively competing against their clients positions based on that advantage in a conflict of interest.* + +\-**Synthetic Short Positions:** report synthetic positions, open ended. *Only two methods are mentioned in this doc, but 2+ more are referred to as being known to exist as "less-traditional". FINRA is aware of non-specified methods of hiding SI and MUST be held to the same enforcement and regulatory standards for ALL known effective short positions, synthetic or not. Any regulation filed regulating only partially a library of known synthetic short instruments is malfeasance of Reg SHO compliance and FINRA mission.* + +\-**Loan Obligations Resulting From Arranged Financing:** Broker-dealers can lend internally to close a short position and create a loan instead. FINRA is \~considering\~ regulating this. *FINRA MUST be held accountable to treat a defined intra-member SI-defeat mechanism the same way it would treat its effective position: a synthetic short. This dichotomy must not be allowed to coexist alongside "synthetic SI reporting improvements. " Additionally, it should be made illegal to use synthetic short positions to facilitate the closure of another synthetic short position. This is a regulation defeat mechanism.* + +\-**Frequency and Timing of Short Interest Position Reporting and Data Dissemination:** Shorten reporting timeframe from bi-monthly to weekly OR daily. Shorten dissemination deadline to (implied 6:00ET T+1) independent of reporting timeframe. *The difference between one week and one day is huge. Clearly one day is the better option for reporting, and even this still puts short data t+2 of settlement. I think we should ask for complete dissemination 6:00ET next day, minimum.* + +\-**Information on Allocations of Fail-to-Deliver Positions:** report daily granulated FTD's automatically rather than waiting for FINRA inquiry, including trade date and T+n obligation. *This is a significant step forward for regulatory ability as long as it does not override current public dissemination of aggregate FTD's per security. However, given reporting will be done on a daily basis regardless the quantity of FTD's, it stands reason that public dissemination of aggregate FTD's should ALSO be done on a daily basis rather than the current bi-monthly. I think there is a good argument to be made that any security on the threshold list, given "complete" SI reporting of all effective short positions, should be subject to daily granular FTD dissemination in addition to aggregate.* + +&#x200B; + +# IV. What Apes can do and why + +The question has come up before of "if someone else has said it already, what good does it do for me to comment?" The answer is volume. We, as retail investors, have power in masses- it is the one thing that we have, that crony corporate elite do not. History has proven time and time again that the masses eventually prevail. + +Certainly there are many things here to talk about. This is just half of it, the rest will be on my next post shortly, but even the things mentioned here clearly have broad and significant implications. I personally urge you to find several of these proposals that are significant to you, and simply state the proposals you are referring to and how they should be improved and why. Lauer [requested on his summary of this months ago that we do this civilly.](https://www.reddit.com/r/Superstonk/comments/nuidlk/finra_regulatory_notice_2119_new_short_sale/) + +Do not be afraid of length. Many institutions have left lengthy comments. In fact, the more that we demonstrate that we are a keen and knowledgeable force, the more powerful this movement becomes. + +It's in my personal opinion that this has been slid for months. That the output of this regulation is a fork in the road for the integrity of the markets in the near future, AND a significant factor in the shifting of the narrative. For the sake of both us here and the future of our markets, we need to seize this opportunity and do everything we *can* to get these key reporting regulations done right. + +Also, if you are concerned with doxing, its quite easy to submit anonymous comments and use a throwaway email address. Don't let minor inconveniences prevent you from making a lasting difference. + +You can comment here at the 21-19 Notice page: [https://www.finra.org/rules-guidance/notices/21-19](https://www.finra.org/rules-guidance/notices/21-19) + +*For those who don't understand the technicalities but want to do their part- I don't want to speak for you, but ere is a short example that you could imitate that still addresses core issues :)* + +>FINRA 21-19 is a long overdue change. It is clear that the integrity of the United States market has been strained to the edge of disaster, in large part due to systemic risk developed under the regulatory authority of FINRA's outdated short interest reporting policy. While many of the policies mentioned in Regulatory Notice 21-19 address the general breadth of exploitable and ineffective reporting, they also leave significant specific gaps that could compromise the entirety of 21-19's purpose. It is critical for the restoration of both the stability of the US markets and the confidence of the investors within it that any and all regulation changes regarding short interest reporting be effective in every known circumstance where effective short positions, synthetic or not, can go unaccounted for for any length of time greater than any other short position reporting deadline. Additionally, the cost of operations necessary for applicable market members to accommodate these standards cannot be reasonably compared to the cost of a compromised market with systemic risk or the loss of investor confidence and participation in the US economy. + +&#x200B; + +For you wrinklier brains who want more! Part two is coming as soon as I can finish it, where we address the pages of pure insecurity that FINRA has in it's own ability to see things fairly. Ill also include my comment in it's entirety. But I'm going on like 16 hours straight on this and getting loopy, so I'll do my best. **Remember guys, we have until end of day, and that's it.** + +\------------------------------------------------------------------------------------------------------------------------- + +**edit:** I need to add this! Its probably equally important that we respond with thoughtful, concise and effective comments. We probably should respond directly to requests for feedback in the FINRA page. + +>"FINRA requests comment on all aspects of this Notice, including the costs and burdens associated with these potential enhancements. FINRA requests that commenters provide empirical data or other factual support for their comments wherever possible." + +Please adhere to this as much as possible. If you have time, check out the questions at the end of the form- find some, do a little dd, and show evidence that supports strong arguments for greater transparency and strict SI reporting guidelines or the consequences of lack thereof!! + +**edit2:** 10:00ET You guys are amazing. Thank you for the incredible amount of support!! I'm sorry I haven't got part 2 up yet, unfortunately I probably wont make it before the deadline, which DOES appear to be midnight tonight! Commenting is still possible as of right now. I wanted to add some examples of the more intricate questions posed in 21-19 and what a response might look like. + +https://preview.redd.it/0xpq80e3yqq71.png?width=557&format=png&auto=webp&s=dae5049c4dc81c9e5fd536e14d25996e4d178a4d + +I also wanted to add, now that posts have come out saying FINRA was colluding with Robinhood- I do not think that was the case. Broker-dealers are required by law to report certain things (though apparently not synthetic short positions 🙄) to FINRA, who is their respective regulative authority. I would assume that marking a security as Close-Only would be included. + +\-------------------------------------------------------------------------------------------------------------------------- + +**COMMENT. DRS. FIGHT.** + +**POWER TO THE PLAYERS** +I (35M married with 1 kid) am writing this post with tears (of gratefulness and joy) rolling down my cheek. I just paid off my primary house. I was doing my net worth spreadsheet and realized that we have just crossed **2 Million dollars** in net worth. I wanted to share my story as I reflect on the past. + +**0-9 years: Absolute Poverty** + +Born in poverty. We (6 people) stayed in a 200 sq ft. [chawl](https://en.wikipedia.org/wiki/Chawl) (one step above slums) in Mumbai. 60 families shared 8 toilets. YES! Mom and dad slept in the kitchen (for privacy) and me, my younger brother, grandparents slept outside. + +**9-13 years: The High** + +My dad was a stock trader and lucked out during these years. He essentially 40x his investments in these years. He bought a 2 bedroom flat in an awesome (upper middle class) location fully paid off. I made some really nice friends who motivated me to study, get good grades, guided/mentored me. This was game changing in a way. + +**13-23: The decline** + +This is when things got bad for my dad and he started losing money. He lost everything he had in the 2 years and from then he kept borrowing money. He borrowed money to pay existing interest. Things were super tight. I became unbelievably frugal because of this. I DO NOT SPEND MONEY because of this. This period scarred me beyond imagination. This is what burnt the desire to FIRE in me. I really wished to make my life "Money independent" from this point onwards. Everyone in the family is scarred because of this experience. Dad got diabetes. Mom has a passion for travel. She felt super stuck and helpless as we could not travel anywhere. She started doing jobs and side business (tutoring) to fund her passion for travel. + +**Jan 2009: Rock Bottom** + +I had finished my undergrad. I had enough of this and decided to take things in my hand. Out of all the options I had, I decided to pursue coming to US for Masters as my way to get us out of this horrendous situation. I got admits from decent schools (top 15 universities). But we did not have the money to pay the fees. My dad helped with borrowing some more money ($10000) for the first semester. We did not know where we were going to get the rest of the money from. I come to US. 1st semester I worked like crazy. Took 5 courses. Got a 4.0 GPA. Then comes January and time to pay fees for the next semester and I had nothing. This was the longest month of my life. I tried and tried anything and everything I could, cried like crazy. I don't see a way out. I dint have money. My family was running out of money, as no bank would give them more money to borrow. My dad owed about $60K in high interest debt in India. Finally, he decided to sell our house (worst timing to sell). Stock market is crashing as well. + +**Feb 2009: Hope** + +I had knocked on every single door of all the buildings (yes ALL!) offering my resume asking if they needed some help. After a lot of hard work and sheer brute force, I finally had my GOD moment and was offered a teaching assistantship. With that, I would get $1600 monthly stipend and no tuition fees. My monthly expenses were $500. My dad sold our house and paid off the debt. They moved into a rental. I was supporting them by sending $500/month for their expenses (rent, living expenses, brothers education etc) and saving \~$500/month. + +**25-35 years: The rise** + +US is truly the land of opportunity. I am truly grateful for having landed here. I graduated. Found a job. started with salary of 80K/year in 2010 and currently at $350K/year. + +EDIT: + +Fire Net worth journey since last year: [https://imgur.com/a/ixbXVR3](https://imgur.com/a/ixbXVR3) + +Also: Note We went from 1M to 2M in \~1 year. CRAZY! + +Tech worker in Bay area. Benefitted massively from real estate appreciation and tech stock gains. + +2011: 92K (Bay area) + +2012: 97K + +2013: 102K + +2014: 106K + +2015: 135K (job change) + +2016: 160K (job change) + +2017: 240K (job change) + +2018: 265K + +2019: 310K + +2020: 350K (currently) + +**Current Situation** + +**Paid off house:** \~550K + +**401K and IRA:** 500K + +**Stocks + Cash:** 1M (SPY, VTI + few individual stocks (15%)) + +**Expenses:** 30K - 36K. With a paid off house, we live a pretty comfortable life currently. The expenses will go down even more when my son starts going to public school. + +I enjoy what I do. I am a manager. Job is relaxing. I work 4 days a week (officially). Don't work more than 5 hours a day. Not planning for another kid. Drive a used 2010 sedan. House in an excellent school district (10/10). I consider myself as being Financially Independent (or close to it) at this point. Planning to buy a rental property (full cash) soon which should give us about 2K/month in passive income. + +EDIT Note: I worked my butt off in the early phases of my career. I used to be a workaholic from the fear of losing my job, layoff etc. There was just a lot of insecurity. The best way that had worked for me was to work HARD. As I am closing in on my FIRE target, I have started prioritizing fun. I am at this point where I have enough goodwill and trust built up that I am able to work 20 hours a week and still get paid what I get paid now. + +With this post, I mainly wanted to share my journey. Hoping that it gives a ray of hope to someone who is going through a dark time in their lives and thinking that they would never be able to FIRE. I also have a few questions: + +1. I really really want to buy a Tesla (60K) but the frugal part in me does not allow me to buy it. Has it happened to you? Do you think I am in a good situation to buy one? +2. For most of my life I had been in a situation where money was my goal. Now that I have enough, I do not feel motivated and do not know what to do with my life. Almost feels like my life has no purpose or trying to find a deeper, non money related life purpose. Has someone gone through a similar experience after being FI? +3. Passive Income > Expenses: Really want to work on making my passive income from dividends, rental income (WIP), Amazon ebook, App Store etc. greater than my expenses. How have you gone about doing this? + +&#x200B; +It has come to my attention that several members have been the targets of hacking attempts. If you notice edited or deleted posts on your account, or cannot login, this is likely a sign that you have been the victim of a dastardly shillfiltrator. + +This is possible due to someone logging into your account if it has a weak password, having clicked mysterious links, or other creative methods utilized by bad actors. Therefore, I am writing some quick security tips for moving forward. + +[010101ook1010011ookook](https://preview.redd.it/pcpakt2xmb371.png?width=640&format=png&auto=webp&s=02d9efc0b74e6037456174a9bb2401110736f822) + +Here are some tips for keeping your account secure: + +1. Use an email or Google/Apple account that **does not match your username.** Your username is public, so remember that anyone can enter it just like you, or add ["@gmail.com](mailto:"@gmail.com)/@appe.com" and either try to guess your password, or use a program to make attempts. +2. [**Enable TFA / 2FA (Two Factor Authentication)**](https://www.reddit.com/r/announcements/comments/7spq3s/protect_your_account_with_twofactor_authentication/) with your reddit/Google/Apple account; this will require you to link your account to an email, phone number, or authenticator app, and any logins will require typing in a text/email/authenticator code to login. If someone tries to use this, you will receive the notification and become aware of the attempt immediately. +3. **Be very careful with messages** received via reddit messages, chats, and especially links sent to you. These can be very dangerous as they can take you to fake sites or track your IP address. We also know that, because bad actors cannot post or comment, they switch to chats/messages, which we cannot track or moderate. You should consider any private message to be potentially suspect moving forward. +4. Use a [**VPN service**](https://www.pcmag.com/picks/the-best-vpn-services) (ProtonVPN / NordVPN / others, please do your research on best option); VPN's basically turn your internet connection from YOU---REDDIT into YOU---VPN---REDDIT, so any attempts to track you are filtered through a middleman server. The best VPNs are available for a modest monthly or annual cost; you can also use the browser Tor for a crowd-shared VPN of sorts. +5. Finally, make sure your password is complicated enough so that hacker programs cannot easily crack them. For example, do not use "password123" or even "ilikethestock" but rather "MoNkE2021StOnKsGoUp4p3$t063th3r$tr0n6" - make them work for it. Every second they waste is a second we gain. +6. If all else fails, and you find yourself a victim of hacking, you will need to resolve through reddit. You can [recover a username](https://www.reddit.com/username) or [get more information about security](https://reddithelp.com/hc/en-us/sections/360008917491-Account-Security), but also you can [contact reddit admins for assistance](https://www.reddit.com/contact/). + +**Why would they target us?** + +Does this really need an answer? We are exposing their dirty laundry for the world to see. Therefore, it is cost-effective for them to spend money on professionals to try and destabilize the sub. Additionally, many trolls and bad actors exist on reddit who would love to see us break apart and fall. Our Approved Users list can also be discovered and they may be targeting our Satori-sanctioned apes in an attempt to undermine its use. + +Therefore, we all need to be extra careful, especially with the MOASS impending. I would not forgive myself if I was lazy in regards to keeping you all informed and protected. As mods, we truly understand the importance of your safety and protection, and this is why we are working diligently to keep your educated on the dangers and to implement new technology in an effort to counter their attacks. + +Please leave comments if I missed anything and I will try to make sure I see it and update this post. + +Let's make sure the rocket isn't sabotaged. *Moon soon.* + +[o7 fly safe, fellow apes](https://i.redd.it/lmov6v9mmb371.gif) + +Edit: u/FordicusMaximus shared [this link](https://www.reddit.com/r/Superstonk/comments/nojpde/best_security_practices_for_protecting_self_and/)for additional security options. + +Edit 2: u/Gremayre provided [a comic on how password strength works](https://xkcd.com/936/). + +Edit 3: u/xfan10 shared this: Password managers should be mentioned like 1Password. You can use the password generator built inside of it. Can go up to 100 characters randomized. No need to remember it. To take it to the next level, Reddit supports Yubico/Yubikey which means you have to physically be next to the USB key to log in via finger touch. So people trying to login elsewhere will not work even if your password is 'password123' +I'm a 19 year old Japanese male living in Tokyo, Japan. I grew up in the US though and have citizenship of both countries. Fluent in English, half fluent in Japanese. + +For a variety of reasons I'm dropping out of college after one year. Got to leave the dorm in 30 days. Unemployed and looking for a job. No friends or family who could take me in. + +I have no long term goals right now, because I'm not really sure what I want to do in life. Right now I'm focusing on the short term, getting a job, housing, food/water, etc. The necessities. Right now I'm focusing on how to solve the issue of housing. $1000 is nothing, maybe 1.5 months of rent at a sharehouse. So I'm looking at other options, which include living in a storage unit, living in a tent, living in a sleeping bag at parks, living in a car, etc. There are problems to all these options though, like the fact I cant drive, living in a storage unit is illegal, that there aren't many places to set up a tent free and legally, etc. I've also been considering the US or French military, but I'm not sure if the military is the right path for me. (In addition I dont have my SS or birth certificate which are necessary for joining the US military, which is a slight complication). Do you guys have any advice on what path I should take? Thanks. + + +Edit: Thank you for all the great advice. I'll be spending the next 2 weeks looking and applying to jobs non stop. Thanks to you guys I got a lot of new ideas on the kind of jobs I should apply for. Also got great advice on how to find cheap housing. I'll post an update in a month. Thank you again! +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! + +Ok so I need answers because I feel like my world view is going to shatter if I don't get em. So, I got into an argument with my EU-politics professor in class today and you're going to have to trust that I'm telling our respective positions as truthfully as possible. + +So anyway: we're talking about free trades and its downsides. From the "justifiability" of sweatshops to "neoimperialism". Ok fair enough, whatever, until he pulls out a chart of coffee prices from the last 50 or so years and says: "As you can see, free trade agreements between the EU and coffee producing countries have led to volatility in coffee prices." + +He doesn't elaborate on this so I ask: "Professor I don't understand this. As far as I know coffee has a relatively inelastic demand so barring a short term demand shock from say the price dropping thanks to a free-trade agreement or hoarding due to covid, by definition shouldn't this price volatility be equated to supply problems like bad harvest, transportation problems, political instability,...? What does free trade have to do with this?" + +He responds: "Yes that's the classic neoliberal paradigm, but studies have shown that supply issues had relatively little effect on this." + +I say something to the effect of: "But how can that be? It makes no sense?" + +After which he rattled something off about the Prubish Singer hypothesis (?) which I didn't quite catch nor had never heard of before, and I simply dropped the question, kind of dumbfounded. + +So can anyone please help me understand this line of reasoning and what the Prubish Singer hypothesis is? +Cash is a guaranteed to lose buying power. + +Do the sellers just think that they can time the market even though they will always be late? + +I was talking to someone in a bar the other day and they just sold their house because they wanted to "sell at the top". + +There are a ton of new jobs coming to my city so when they decide to buy again the prices will probably be significantly higher. + +The playbook for inflation has always been commodity stocks and hard assets. +I’m 26 years old, I’m currently unemployed, I have a debt of 14k and I had saved 100k, in January I invested in dividend stocks: swk, intc, vfc, cmcsa, ally and para, but since January my portfolio lost 40% so now I need to earn 66.70%, yesterday I closed all my positions, so now I only have 60k. + +should I invest in sso, tqqq and udow to quickly recover the lost money? + +sorry for my english, it's my second language. +Hello, fam. Older ape here. I am not one to make posts. I religiously stick to comments unless I feel I have something useful to add. And those put contracts in Brazil feel like a big deal to me. + + +Now, I'm not a numbers guy. Even when I played poker five workdays I relied on instinct and guesstimates more than exact math. I've done alright by it, but apologies if this is not hard material. + + +What do we know: + + +1) Shorts have been kicking the can delaying closing their shorts in the hope of retail losing interest. + + +2) There's been a lot of new regulations that *theoretically* make it harder to kick the can. + + +3) Put contracts for 100 million shares of GME appear on a Bloomberg Terminal for Constancia Investimentos and Kapitalo Investimentos, filed in MARCH. + + +Now, I don't pretend to know WHY these put contracts are in Brazilian institutions. I'm sure any ape could speculate and come to the same candidate answers -- liability in case moass, extradition, kicking the can but with even more crime, you name it. It's fuckery, what flavor, your guess is as good as mine but fuckery all the same. I suspect that when the moass is said and done these companies will be linked to the known shorts CITADEL, POINT 72, MELVIN CAPITAL and SUSQUOHANNA. And regulatory agencies will say they didn't know. + +So let's get the word out. Because something about this FEELS desperate to me. Like they had to have those puts and they didn't have any convenient place to put it and shoved 'em in Brazillian shell companies or something similar. + + +We don't even need to know the reason. If word gets out, this info makes the rounds, the hivemind of the internet will figure it the fuck out. It almost always does. Furthermore, people like a mystery. It will get them involved and invested emotionally and maybe after that financially. + + +And the SEC will never have the luxury of saying they didn't know or didn't look at it. + + +Thanks for making it this far. My brain is smooth but my heart is in the right place, and I felt like sharing. + + +Power to the players, the wrinklies, and cheers to some deep fucking value. + +**EDIT 1)** https://www.reddit.com/r/Superstonk/comments/otszbz/this_compliance_officer_previously_worked_at/ + +Thanks to u/broccaaa for pointing us to Ivan Padilha and his past at ENRON. + + +https://www.reddit.com/r/Superstonk/comments/otqvmh/constancia_investimentos_ltda_kapitalo/ + +Thanks to u/El_Patron_1911 for these connections. + +https://i.redd.it/1cv0jl3464e71.png + +Thanks to everyone's favorite Pomeranian u/Criand for this thorough explanation. This pupper has more wrinkles than the old dudes running Wall Street. + +**EDIT 2**: + +https://imgur.com/a/Gn2S6ph + +Complete known list of companies that are short GME provided by u/bobsmith808 +I've been learning trading forex for about a year now and i've tried different Indicators and strategies and it seems that non of it is working in a long term. + + +I recently stumbled upon a video which changed my mind of how i think that forex markets work. +We all probably know the structure break and retest strategy which works on some occasions. +Video showed that if you place lines in random places, eventually all of them will become support and resistance lines. I did not believe it myself until i tried it. + + +Is forex market made to take retail investors money ? +Just when you think that you know where the market will move and place the trade, it will hit your buy stop and move the price to the opposite direction. + + +What strategies work for you knowing that market is built this way? How to adapt to it? +I don't know if it's been like this for a while but the cost to weight ratio is way off between a big burrito and a normal burrito. Only 9% more burrito for 52% more cost. + +[Side by side](https://i.imgur.com/xowszE7.jpg) +[Big Burrito Weight](https://i.imgur.com/JDdZYWB.jpg) +[Normal Burrito Weight](https://i.imgur.com/Y7rT7OB.jpg) + + + +Item | Cost | Cost Diff | Weight | Weight Diff +---|---|----|----|---- +Big Breakfast Burrito | $13.70 | 152% | 384 | 109% +Normal Breakfast Burrito| $9.00 | | 352 | +I would absolutely kick myself... People are on reddit to escape MSM, which is the first crucial step but not taking a second step and reaping the benefits of all this quality DD is going to be heart breaking. + +Heres to the few thousand people who will think to themselves "oh yea i saw that on reddit" when MOASS happens and kick themselves for not turning a few $$$ into lambo money. 🍻 +I know I can move further out and apartments are just as good. But I am feeling very upset about not being able to even have a roof over my head. My job is in Sydney. Otherwise I would move. There is nothing good about this city anyway. We keep getting outbid by others. It seems that nothing will ever help. Even recession will not really do anything. I already don’t spend anything other than grocery. How do I not feel too hopeless and depressed about this situation? +TL;DR - It looks like technical analysis doesn’t stand up to scientific scrutiny in any study I could find which took steps to filter out the effects of self fulfilling prophecy. I, personally, am choosing not to engage in it any further. + +I was starting to learn technical analysis. However, I wasn’t getting any good results when backtesting (after I caught myself and took steps to stop myself from exerting my own confirmation bias on my tests). So I decided to try to dig into the science behind it to see if spending any further time studying it would be worth it. + +I’m being careful here not to cherry pick data. The reason I’m focusing on the articles I’ve linked is because they are the ones that bothered to take into account and take steps to eliminate results skewed by self fulfilling prophecies and confirmation bias. Aside from the last one which I included because it was the most comprehensive one I could find. + +I wanted to know if technical analysis actually works. I didn’t want anecdotal evidence. I wanted scientific evidence. + +This is what I found. + +This first bit of research is by far the easiest to understand as it isn’t written in scientific jargon. It’s not quite as scientific as the others and was done by one person who had the same questions I did. + +https://towardsdatascience.com/does-technical-analysis-work-heres-proof-a2b626a3fbe9 + +They tested MACD, RSI, Bollinger Bands and Stochastic Oscillator. + +They found that for all asset classes, with the exception of one, technical analysis had zero alpha. (No gains) + +They were tested standalone and in combination with other indicators. + +The only exception they found was Bitcoin, but they also threw in the side note that Bitcoin is primarily a retail driven asset and as retail investors believe in technical analysis it’s more likely that the combined buys and sells due to the belief in the indicators were causing the indicators to work and not the other way around. + +However they did point out that, seemingly ironically, reversing filtered indicators had some slight positive alpha for non Bitcoin asset types. + +They did mention they would have to test a much larger sample set to see if the Bitcoin alpha or the indicator reversal alpha with other asset classes would hold up. + +But the correlation for other asset classes was so slight they acknowledged it wouldn’t be profitable. + +Let’s look at another study. Now we’re getting really scientific and busting out mathematical equations with symbols that most of us can’t even read. + +https://journals.sagepub.com/doi/full/10.1177/2158244017736799 + +They tested out some popular candlestick patterns on a market in Thailand over a 100 year period (they picked Thailand emerging markets to avoid the issue of data snooping). They tested the candlesticks along with Stochastics, RSI and MFI. They tested a number of different holding periods as well. + +They found that the candlestick patterns were not statistically significant and would not result in positive returns even when combined with other indicators. + +Let’s look at yet another study. This one contains a bit of a case study but they do their own work to draw their own conclusions. + +https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3967202/ + +This one is the only one that focused at all on resistance. They basically determine that the probability of bouncing correlates with the growth of the investors trust on following bounces. Essentially, it is a self fulfilling prophecy and the resistance lines only form because of the investors growing trust in the probability of a bounce. + +The following is this real gem here. + +https://www.researchgate.net/profile/Luis-Macedo-8/publication/349608864_An_Inquiry_into_the_Validity_of_Technical_Analysis_in_Financial_Markets_With_the_Use_of_Evolutionary_Techniques/links/60382c624585158939cdaeec/An-Inquiry-into-the-Validity-of-Technical-Analysis-in-Financial-Markets-With-the-Use-of-Evolutionary-Techniques.pdf + +It’s really long. It’s really comprehensive. Though the authors do note their own results are inconclusive and this is more of a discussion starter. They did find a few actual positive correlations between certain samples, however they also did note that they were only reproducible during certain time spans. + +I will wager my own best guess that the historical time spans where they did work were most likely the time spans where those methods were most frequently being used in those markets and could potentially be explained away as self fulfilling prophecies since as far as I could tell this is the one study I listed where they didn’t necessarily use criteria that would exclude that bias from the results. + +What will I gain from the hours of reading I just did on these topics? I will conclude that technical analysis is not something which I will personally put any more time into learning. I think any of the proven correlations which I could find were not significant enough to result in gains, especially after taking slippage and brokerage fees into account. Furthermore, the methods which did have a positive correlation only seemed to be effective during certain historical times or in domains ruled by retail traders due to the self fulfilling prophecy. + +In addition, quite a bit of information in some of these studies showed that all of those indicators were outperformed by simple buy and hold strategies. + +I’m sure that more than a few people will disagree with me here. But these are my own conclusions. Take from it what you will. +Hi reddit, + +So my partner and me are living quite a normal life, no debt, having our own apartment (mortgage), no car, mid-lvl hospital insurance and \~30 grand in saving. + +&#x200B; + +We've been having chats about having a baby, stopped contraception and then she's got laid off her work during covid (in April). Things were going ok on my paycheck (I'm at senior specialist payout) with us having just enough money to live, but not enough to save anymore. + +&#x200B; + +Fast-forward to last week when she did a pregnancy test and found she's pregnant. Basically, that means she'll be off from work for next 1,5 years, and this thought hit me like a tonne of bricks, and I am really worried about our financial future. + +&#x200B; + +My career is built around data analysis, which I started to resolve some visa problems. I've been considering to pivot my career, but now I believe I'd stick to that for a bit. + +&#x200B; + +I've started considering a few options: + +1) Try to find a side-gig. Spend time outside of work supporting her + freelancing for an extra buck; + +&#x200B; + +2) Keep up the great work in the office and try to score a promotion within the next year. Spend time outside of work to focus on work projects, and spend as much time supporting her when I'm not in the office; + +&#x200B; + +3) Invest time outside of work into side-business that could turn out into something bringing profits and will involve both of us. + +&#x200B; + +I understand that if I would focus on a freelance, I might miss out on a healthy relationship with my missus, and if this continues when the baby arrives, I will be spending too much time focusing on freelance and will miss important time with the baby. + +&#x200B; + +To be honest, I am feeling anxious AF. No parents there with any money to support us (I am sending money to my mom actually), and just hazy future ahead. What is my best way to move forward? +I have a good chunk of money in my broker's account. Since stocks only go up™ I kind of enjoy opening the website, logging in and seeing that "yup! I made $5000 doing nothing today! I can get guac for my avocado toast"... + +It's very addictive and obviously not productive. On days that it does go down, I look at the total gains so it's not even good for adjusting my expectations of a crash or future losses. + +Do you have a problem like this? Could you get rid of this habit? +It's insane, but the more I'm paying my credit card debt off. The more my cibil keeps dropping. + +I had to take one of those restructured EMI's during the pandemic and they won't even let me close those EMI's now. Am I stuck with a bad cibil for the remainder of those EMI's? I've paid off 60% and since then I've been getting terrible credit scores. + +Last month my cibil was 716, then a week ago it was 680, and now its at 650. + +Im trying to build it but it keeps dropping and nobody will give me an answer. +I use lots of online services for which I pay monthly using my credit card. These services include Google workspace, DigitalOcean, some other web hosting companies, backblaze, youtube etc. These payments used to get deducted automatically, but now this has changed. What do I need to do to make sure my payment to these services are not impacted? +Not sure how many people are aware of [MFUtility](https://www.mfuindia.com/InvestorFAQ) and what the advantages are, so thought I'd write a mini-article about it. + +Disclaimer: _no affiliation with anybody in the ecosystem, just a private investor._ + +# What's the big deal, anyway? + +MFUtility is a direct subsidiary of AMFI (Association for MF in India). It thus holds a unique place in the MF ecosystem -- it can + +* act like a RTA, able to pull from/push to the other RTAs (CAMS, KFinTech, FTAMIL) +* act as an execution platform +* act as a client-facing platform + +None of any other competitors have all of the privileges, so can only do one or more parts of the puzzle. Let's discuss what the advantages provided. If you're not sure about the above points, see the key concepts section below. + +# Advantages + +## Almost all AMCs are supported + +Although this isn't a major selling point nowadays as most execution platforms have caught up, MFUtility supports most of the AMCs you might want to invest in. A few years ago when Franklin didn't work with most platforms, MFUtility had it on-board for everything (_nowadays Franklin may not be so attractive for investors, though_). + +## Unmatched visibility and processing + +Due to it supporting everything, you have unmatched transaction visibility and options for processing. You must be aware that you only get the NAV when the money reaches the AMC for investments above 2 lakh; SEBI has recently [released a circular that this will be applicable for all investments](https://www.sebi.gov.in/legal/circulars/sep-2020/circular-on-mutual-funds_47574.html) from Jan 1, 2021. A sample log available from MFU is shown below. + +https://imgur.com/a/7e6IB4W + +You can pay MFU in various ways; the easiest way to ensure that it reaches MFU on time is using NEFT/RTGS. If you know the timings on which your bank processes NEFT (generally every 30 minutes), you can make sure it reaches them before the 12/1pm cut-off. They have a tie up with banks which allows you to transfer money to a "virtual" account number which contains your CAN -- and it shows up in the trace shown above within a few minutes. They also support mandate registration and netbanking, if you want. + +## Automatic sync of transactions + +Due to its nature, the current portfolio gets updated automatically based on the PAN. **No one else** can offer that, all they can do is trigger a CAS and upload it. RTA applications (myCAMS / KFinKart) have similiar privileges, but only for investments with the given RTA. All other clients platforms are only pushed updates if their ARN/RIA number is associated with the folio at the time of creation; further transactions do not affect this status. They have to talk to the execution platform and compute the net units, which requires reconciliation and hence can be error-prone when the platform is young. + +## Single window updation of details + +Other than address details (which have to be updated at the KRA level), everything about your investments just needs to be updated in MFUtility and it will sync to every AMC/folio. Changing the email and phone number is an online process, while changing the bank details requires you to submit a form physically but it gets updated everywhere. + +## Redemptions, Redemptions, Redemptions + +Due to the RTA-like nature, at the time of redemption you can override the bank account in which you want the proceeds to be credited. This is huge, and **I recommend everyone to create an account just for this reason**. Over a period of time, everything may change and this proves invaluable. A relative of mine had investments in Franklin which were + +* having an email address associated with a company they were no longer employed with; +* phone number was that of the distributor, not their mobile; +* address was the same office mentioned above; +* bank account was with salary account above, which was defunct. + +They had forgotten about this investment -- after I asked them to sign up to MFUtility, they discovered it. Franklin couldn't help, as none of the details matched -- would've required multiple physical visits. As the latest bank account details were updated in MFU, they redeemed the amount to that account. As the folio was not coming up in the CAS, a ticket in MFU ensured that they did pushed it manually and everything was synced & the CAS reflected these details (required for Capital Gains for CA). + +## Granular control of Folios + +You can have as many folios as you want, and can even choose to create new folios at the time of investment. This is useful when you follow a folio-per-financial-year strategy, as you can choose to do tax-loss/tax-gain harvesting as per your convenience. As the FIFO principle is followed when redeeming and India doesn't have any wash sale rules, this allows you to do fine-grained optimisation which may not be as easy to implement with other platforms. + +## Multiple holding patterns + +A single login in MFU can have access to multiple CANs (e.g. I have me, me + spouse, me as guardian of child) and all of them work the same way. My spouse has a separate CAN and can see their as well as joint folios. While this is not as convenient as the features offered by other portals (which allow managing extended family portfolios), it's good enough for my requirements. + +## Loads of features + +Read up about CaST, CaRT and CaST Triggers -- they offer a lot of flexibility. As an example, I never have any SIPs set up -- depending on the amount of money available after paying off credit cards, I decide to invest an X amount and do a weekly CaST for X/4 or X/5 (depending on the weeks in month), which gives slightly better averaging than a single monthly SIP. I can also tweak the proportion of investments, and it just requires setting up a transaction once per month (I have PayEzzz mandate setup; if not they will email you a reminder/payment link for netbanking). + +## Will probably survive + +MFUtility has been in operation for 5 years and is likely to be around for the future, which is not something you can say for the other client-facing platforms. They also have a revenue model which makes sense: the AMCs pay them for providing the services (_they started out as a backend for distributors_), so unless there's a huge shakeup it's likely to continue. That's not the case for the competitors who don't charge any fees, where is revenue going to come from? They will pivot and try other avenues to raise revenues, reducing focus on their core MF product (witness the threads complaining about a few promiment competitors in the last few days). + +# What's the catch? + +## Extremely old-fashioned UI + +The UI is very old-fashioned and has a lot of options -- if you want a smooth flow and very good UI/UX, you won't get it. While some people on this sub absolutely hate it, I consider the advantages and accept it as a cost of using it. You may feel different, but for god's sake at least open an account for the redemption and single window details updation! + +## Transactions-only, no reporting + +There is absolutely no reporting available. It doesn't show you returns/details on any fund; you are expected to do your research and choose the exact fund you want to invest in. Neither does it show you the cost basis and your P&L or invested XIRR -- you're supposed to do that on your own. + +While this may be another major negative for people, I personally find it an advantage. It is common wisdom that you shouldn't look at returns daily but invest and forget -- but most other client platforms exclusively show that every time you login. The temptation to check out some other recommended fund is just too much. I specifically [choose to increase the friction](https://behaviouralinvestment.com/2020/09/03/a-little-bit-of-friction-can-make-us-better-long-term-investors/) in computing my returns -- it's a quarterly/half-yearly activity where I choose to review and decide to rebalance my asset allocation/choice of funds. That said, not everybody may _want_ this friction and if so, MFUtility is not for you. + +## PSU-like service + +While glitches are infrequent, they can happen. Their service won't be up-to-the-mark like you can expect from the client-facing portals, but is mitigated by a few factors: + +* you have unmatched visibility, so you don't need to reach out as often +* any interaction with the AMC (which they forward to) happens at L2 or L3 level, instead of L1 you would get via normal channels. So it may take a bit longer, but in case of complex cases it won't take as long as it would via normal channels. + +## Default distributor orientation + +MFUtility was originally built for distributors/RIAs, and that orientation shows up in various ways. If you have ever invested via a distributor/RIA, it may include those values "to help you" when creating new orders. This may lead to only regular plans being shown on the next screen for scheme selection. Always make sure to change the default preferences -- you can access them by clicking the gear icon on the top. + +# Key Concepts + +* AMC (Asset Management Company): Fund House you're investing with +* RTA (Registrar & Transfer Agent): Handles all bookkeeping for an AMC +* KRA (KYC Registration Agency): Stores KYC information; shared with AMC on first investment +* ARN (Application Ref Number): Unique code identifying a distributor/advisor (_mostly for regular funds_) +* RIA (Registered Inv Advisor): Code for RIAs/direct-only platforms +* Execution Platform: takes orders/payments on behalf of investors/distributors and forwards to RTA/AMC +* Client Platform: takes orders/shows folio from actual investors. +Hello there guys, I have done some research but I would like to know what is your favorite monthly dividend stock? I just started at 23 last month and would like to educate myself further. + +Thank you! + +Edit 1: Wow! There’s a lot of you who love $O. I just bought 3 shares today. + +Edit 2: Thanks for all the wonderful answers! It’s time for me to sleep so here are the top voted dividends: O, QYLD, JEPI, ORC, STAG MAIN, GAIN, AGNC, SPHD, GLAD. +Not expecting anyone to build my portfolio for me just wondering if I’ve missed any great stocks, so would appreciate people letting me know their favourites. + +I also understand if you don’t want to tell me. +**See this article below:** + +https://www.businesstimes.com.sg/companies-markets/credit-suisse-dangles-sweetened-rates-rebuild-depleted-assets + +**Some of the important excerpts:** + +*Credit Suisse Group bankers are trying to entice rich clients with higher-yield notes and bonus deposit rates in a bid to quickly recoup as much as possible of the almost US$90 billion recently pulled from the bank.* + +... + +*"The huge outflows are putting de Ferrari, who only took up his current role in January, under intense pressure from Chairman Axel Lehmann and chief executive officer Ulrich Koerner to bring back assets, the people said.* + +... + +*“We are in close contact with our wealth management clients as we implement our new strategy,” a spokesperson for Credit Suisse said.* + +... + +*Ferrari’s task is complicated further by the knock-on effects of the massive withdrawals including reduced liquidity, and the declines in global markets that have prompted margin calls at a time when client relationships are already strained.* + +... + +*Last week Lehmann said that the bank had already reached out to some 8,000 wealth-management clients covering about 80 per cent of assets under management.* + + +**My take on this:** + +As I wrote in the title, this kind of action was predicted by the DD writers of old. That is, for Wall Street Prime Brokers (such as Credit Suisse), after years of collusion, to eventually turn on their Hedgie customers when their own necks are on the line. The fact that they are already margin calling thousands of Hedge Funds is surely extremely bullish. + +It may only require one of those Hedge Funds to fail the margin call, to subsequently lose their ability to adequately price suppress GME as they have been. And if that happens, and a price run-up gets triggered as a result, it could set off a chain reaction that leads to many other margin calls to bigger/more exposed Hedge Funds. Including potentially ones such as Citadel Advisors...and that means: **End Game**. Here's hoping! +u/GameStop = 7 day old account - If you aren't asking yourself how this is possible, you should be. No one made the account name until a week ago? No one here checked to see if u/GameStop existed? When it didn't exist no one made the account? + +[Ya. Doesn't make sense. So I went searching](https://old.reddit.com/r/Superstonk/comments/vmw8i6/its_a_faaaake_gamestop_says_reddit_user_gamestop/ie3onoh/?context=3) + +[Archives of the account from 2019](https://web.archive.org/web/2019*/https://old.reddit.com/user/gamestop/). The account existed before! It had 4,000+ karma and cakeday June 2, 2009. It was a pretty old account. + +Then I decided to check out their post/comment history. They only made 1 post. [Like a good redditor, they were asking for upvotes](https://camas.unddit.com/#{%22author%22:%22gamestop%22,%22searchFor%22:1,%22resultSize%22:100}) + +I then checked their [comments.](https://camas.unddit.com/#{%22author%22:%22gamestop%22,%22resultSize%22:100}) Last comment made 3/23/2020. + +I then clicked some of their comments. Did anyone else? + +[All their comments come up as u/*polhold01844.](https://i.imgur.com/7Mhp9Ip.png) + +Yes. That is correct. **The username has an * in it**. I've never seen this before on reddit. + +https://old.reddit.com/user/*polhold01844 - pic https://i.imgur.com/zqGmMVj.png + + +----- + +Okay so I got here and found [this comment by a reddit admin in TheoryOfReddit](https://i.imgur.com/yBQB17E.png) subreddit (can't direct link) and if you can't tell based on that picture, + +#**Reddit will take over and handover accounts** + +They took over the Nasa account and gave it to Nasa. The user was renamed to polhold00000 (whatever number), just like our original user u/gamestop was renamed to polhold01844 + +Reddit only does this for legal or policy reasons and only does so after ensuring it's the right decision both legally and for the reddit community. + + +#**REDDIT GAVE GAMESTOP THE u/GameStop account 7 days ago** +I would like to share my story. I want people to know you don't need to be a "tech bro," or have a $100k/yr salary to start the journey to FIRE. I am a 24 y/o woman who came from almost nothing, and I am setting myself up for greatness. + + +I didn't have the best home life growing up. I grew up in an impoverished area where 80% of people have no education beyond high school, my family included. A child of divorce. I have parents whose bodies broke down at a pretty young age. The works. I took some community college classes at 15. I moved out for university at 17 with some scholarships and lots of different jobs to keep me afloat. + + +At 20, I dropped out of university without a solid plan. I hated my major. I hated my research. I also struggled with a lot of health problems, including a brief period of (oral) chemotherapy. I rotated a bunch of little jobs and ran a small ebay business to pay bills. I eventually got into another school for a 3+1 program, but I had to wait until the next school year. + + +At 21, I was doing full-time unpaid clinical rotations and for a brief point, did not have a roof over my head. I slept in my car, crashed on couches, and relied almost exclusively on expired food from the sweets/bread truck from a guy at my site who drove bread trucks as a second job. The program before the rotation was HARD, but less impactful. + + + +I obtained a STEM degree on my 22nd birthday (yay!) with a -$28k NW. I quickly got my certification and started a career in healthcare with a pretty average salary, but almost unlimited potential for more money to be made. I work exclusively nights, weekends, and holidays. I have above average exposure to COVID-19. The job satisfaction is unreal- I can save lives without people ever knowing my name. The rock-solid job security doesn't hurt either. + + +At 22, I lived in an 80 sq foot room in a place with 5 loud roommates, 3 dogs, and a bird who lived on dayshift schedules. My sleep schedule was a wreck. However, I made it a goal of mine to not leave this place until I paid off every penny of my student loans and landlord, who was kind enough to waive my security deposit and provide basic furniture (she wasn't great in other aspects, however). I deprived myself of a lot, but I was able to pay off government loans before the end of the grace period and knocked out personal loans soon after. In addition, I created a rock solid emergency fund. Lastly, I contributed to the employer match in my 403b. + + + +23 is boring. I started to contribute more to my 403(b), a teeny pension (I was an adjunct for a semester), and developed a Roth IRA. I got a place of my own to rent close to work. Same thing at 24, but Im trying to max my accounts out. After the market going up and down due to current events, I can say with confidence that my retirement funds reached and stayed at $50k. I could not be more proud. + + + +Here are some stats. + +Career: Medical Laboratory Scientist + +Location: Northeast, HCOL area + +Base hourly (Fixed): $26.70/hr now, was $26.18/hr from Jan-Oct 2020 + +Bonuses/Differentials/Overtime (Variable): $20k-$30k/yr- differentials are the majority of this + +Income from adjunct (2020 only): $1,920 + +Roth IRA, pension, and 403b as of 11/11/2020: $53,630.74 + +Additional things of value: I own my vehicle and have 6 months of living expenses in my emergency fund- about $18.5k total (using the KBB trade-in value to estimate the worth of my car) + +Debt: $0 + +Expenses: $2.5k-$3k a month. This includes fixed expenses, variable expenses, and saving for my Roth IRA. + +After tax savings rate is ~45% for 2020. Im not sure how much that raise will change this number. + +FIRE goals: $70k/yr at 3.5%. Healthcare is expensive and I dont want to burden people with my long-term illnesses. I would love to transition to coastFIRE sometime in my 30s and let compound interest take over, if possible. + +My future goals include: following my passion for art, mentoring young females in my family, finding a good life partner, having an easier work schedule, and FI + + +I am thankful for the gifts of resiliency, discipline, and education. These strengths got me to where I am today. I hope building up these strengths, or your own strengths, get you to the greatness you deserve. + +EDIT 11/11/20 1300: Thanks so much for the kind words and awards! I would love to reply to each and every one of you, but I need to sleep for work (I forget if these posts get flagged/removed if OP abandons the post.) I will read comments when I can. +After taking a 9.2% stake in twitter, Elon musk has now offered to buy the entire company for $41.39 billion. This comes after some recent news announcement of Elon Musk not accepting the board seat position at Twitter because of some alleged background check. + +According to Twitter CEO, Parag Agarwal, Twitter and Elon couldn’t come to an agreement regarding the board. Parag notified his employees that there could soon be noise around the company. Twitter shares closed at a market cap of around $36.7 billion as of Wednesday. Shares are up 11% pre market as of this writing. +I'm curious about those who pay their children or young family members who work for their family businesses and what kind of businesses they are. + +I have an in-law whose children always help out in the family clothes business after school. This year they made enough money to pay their children each $6,000 which they invest into Roth IRAs in their names. There's no income taxes on it since they had not other income. I'm struck by how when they retire in 55 years, that one investment could be worth over $250K. + +My souse and I are office professionals, and so we can't hire our kids, but I'm also curious if there are others ways to put money into long term tax-advantaged investments for kids. +I'm going to start with an example to make it very clear what I mean. + +I opened a FB 190p 4/8 a couple weeks ago for a premium of $450. + +If I ultimately decided that I don't want to take assignment, I can "roll" as people in this sub have regularly suggested. + +Right now, with FB at $188 and a little over 2 weeks to go until expiration, the put is worth $1,040 at time of writing. If I buy to close, with the intention of rolling down and out - say May 20, 2022 175p for $1,055 premium - at this exact moment I am taking a loss of $1,040-$450 = $590. + +It does not mean that because I got $1,055 premium for the 05/20/22 175p that I am suddenly not in the loss again. I've just taken a farther out position and booked a loss from the original option that I sold. + +Rolling is not some cheat code you can just keep using to get out of losses. It only works if the underlying actually begins to move in your favor. If the underlying does not move in your favor, rolling can actually exacerbate losses as compared to just closing the position. So if you're rolling rather then using a stop loss, you'd better have some damn good conviction the underlying will move in your favor. + +BABA is a great example of how catastrophic rolling could be for someone. Selling puts in BABA then rolling rather then using a stop loss would've made losses far worse as BABA keeps going lower and lower as time moves on with seemingly no end in sight. + +EDIT + +Damn, there are a LOT of salty fucks in this thread. + +My claim that rolling only works if underlying moves in your favor (being up, OR flat enough for the stock to land at or above your strike, no matter how small the difference), is true. + +My point was NOT that rolling can't be effective. It was NOT that rolling ALWAYS leaves you with a NET loss. + +If you sell a 4/14 AAPL 140p for $330 today, and Apple lands at $130 on 4/14, that option will be worth $1,000. Lets say you buy to close. You received $330, and paid out $1,000. Current state, -$670. + +Then you "roll" and sell a 6/15 125p on apple for, say, $900. + +IF that option expires worthless, you're looking at a NET profit of -$670 + $900 = $230. + +Just because you came out in profit does not mean you DIDN'T TAKE A LOSS ON THE FIRST PUT. + +That's all I'm saying. Jeez... +I’ve given up trying to tell people. + +My fucking room mate, WHO HAS A MASTERS IN FINANCE, walks up to me and goes “Dude, did you see the market today? The new covid strain is really fucking everything up.” + +I literally want to pull my hair out. I sent him some Marco Metzler posts because he only listens to “Accredited” People. + +I guess i shouldn’t be shocked, as this is the same dude who has held uber for 1.5 years now, in a FUDELITY account, waiting for Uber to bounce back. + +Not even him. My insanely intelligent father thinks i’m making a gamble. + +I’m done. Sent TDA a request to DRS the rest of my shares today. I can’t talk about this anyone anymore. It’s painful because everyone think i’m fucking crazy. +**Strategy Design Write-up part 2:** + +Hello again, + +Thanks for all of the feedback on my last strategy post. Many people pointed out that "Short Fuse" had a lot of hindsight bias and I would have been better off just shorting the market and holding. So, I went back to the drawing board looking for a way to find a balance in my strategy that could yield more consistent returns in any market condition. Lol that didn't happen. Given the sheer aggressiveness of that strategy I could not find a balance without completely changing everything, so I scraped it. + +All of that said, I am here to present my next algotrading strategy: "Bands on Autopilot" + +**Part 1: The Strategy Build** + +https://preview.redd.it/r80srcnd87d91.png?width=1244&format=png&auto=webp&s=c955d73567e31e8afc876d1c62781f07f8200a63 + +Bands on Autopilot looks to utilize the 20 bar Simple Moving Average (SMA) by comparing is value to the 20 bar Exponential Moving Average (EMA). Bands on Autopilot also looks to utilize the Middle Bollinger Bands and compare it to the 20 bar SMA. It should be noted that the Bollinger bands are using a standard deviation of 2. To execute a buy order, the 20 bar SMA must be less than the 20 bar EMA. Or, a trade can be opened when the Middle Bollinger Bands are less than the 20 bar SMA. + +Great, so we have the tools we need to open a trade, how about close it? Bands on Autopilot executes a sell order when the 20 bar SMA is greater than or equal to the 20 bar EMA. All trades for this strategy are performed on the 1 hour time frame. The strategy looks to the following assets to trade on: AAPL, AMZN, MSFT, and GOOGL. + +**Part 2: Strategy Performance** + +In this section I will review the backtest results of Bands on Autopilot. The two backtests I want to explore are the how the strategy performs in the year of 2008 and the year of 2021. Obviously the year of 2008 was extremely bearish and the year of 2021 was extremely bullish. + +In 2008, the S&P500 (my benchmark) returned -38.95%. When the entire market does this poorly, you can bet that practically any individual stocks during this time also perform poorly. The assets I chose to trade on suffered, managing to drop -49.55%. However, Bands on Autopilot is rather good at stomaching these drops and mitigating loses. Here are the results for the 2008 crash: + +https://preview.redd.it/ouygcc1f87d91.png?width=1128&format=png&auto=webp&s=4c477c03cb63b399bfd4ddd826220bf8ea0bfb84 + +After looking over the backtesting data provided above, you can see that the 4 assets I traded on lost \~50% and this strategy a decent -22.40%. Not the greatest results in the words but dodging a 25% drop is something to be proud of. Dodging this bullet does come with some risk as my strategy has a sharpe ratio of -0.75. A poor sharpe ratio in this market environment is honestly not super surprising. It should be noted that I only had a risk of losing 33.91% while the assets I traded on lost far more. A poor risk score in this market environment is honestly not super surprising. + +Alright, so we established that this strategy can hold its own in a very aggressive bear market, how does it do during the face ripping bull markets? Here are the backtest results for the 2021 bull market: + +https://preview.redd.it/ffh9a02h87d91.png?width=1128&format=png&auto=webp&s=e66b8b59e82ae2712642688806f6853a789c2957 + +Wow! This strategy really does shine in a bull market, returning close to 40% while the S&P500 returns 26.54%. These returns are backed by low risk potential and a great sharpe ratio of 1.5. Note: the assets I traded on also beat the S&P500 by a solid 11% and still performed worse than Bands on Autopilot. + +**Part 3: Conclusions** + +I designed this strategy with intention of outperforming the market in bullish and bearish periods while remaining consistently risk averse. This balance comes at the cost of huge gains, but you are rewarded with a level of trading safety that is similar to the S&P500 all while producing higher returns. Bands on Autopilot could likely be pushed further with more experimentation and the introduction of stop losses/take profit functions. I plan to play around with that and make a future post. For now, I would love to hear your feedback on this strategy! "The best market strategies are ones that perform in a consistent manner during all market conditions. Risk management is everything when you have everything to lose." +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! + +Ok, so I've been trying to figure out RC's next move. There are some interesting things happening right now. + +We have the Etherium coin with a date of July 14th 2021. + +That date means something, we are just not sure what the date represents. Is it a day that Gamestop announces a dividend? Or is it the day that a dividend that is released? Or is it just a random date to make the Hedgies sweat? + +One of the bases I am working with, and I might be wrong, is that there needs to be at least 10 business days notice between the announcement and the official release of the dividend in question. If some better ape knows that rules on this, please point them out to me, I saw this somewhere but I'm not able to find it again. + +If the 14th is the date of the announcement, then obviously nothing is going to happen tomorrow, because nothing will have been announced. + +If the 14th is the planned date for the dividend release, then things get interesting. + +Going back to my theory of 10 business days between announcement and release, we have to do some quick math. + +Normally, Gamestop would announce on July 4th, which is both a weekend and a national holiday, so they can't. Which means if they are going to announce it, it's happening either July 1st or July 2nd. + +However, the National Holiday throws a kink into this. If July 4th falls on a Sunday, doesn't that make the Monday immediately after or the Friday before (Depending on where you live...) the replacement holiday? Which, if true, means that there is one less business day to work with. + +That means that the 2nd is off the table if they want to make the 10 business days timeline. And if the second is off the table, and they are targeting the July 14th date for the dividend release... then they have to announce the dividend tomorrow on July 1st. + +This really falls in line with everything RC has been doing, especially if you look at Furlong, who left Amazon as the head of their Australian operations to take over as Gamestop CEO. Furlong is going to get $16,500,000.00 in Gamestop stock as part of his signing package. And that amount of stock is calculated by the closing price at the end of June, which is today. + +So, I think tomorrow should be the day that Gamestop announces the crypto dividend. Which should, if not launch us, at least start the engine. + +I don't feel bad for the Hedgies, but our Elliot Waves guy is about to have his mind blown I bet. + +If anyone sees a flaw in this logic, please point it out. + +**TLDR: If Gamestop is announcing the crypto dividend tomorrow, and they are looking to give 10 business days notice between announce and release, then the announcement has to come tomorrow due to the July 4th holiday carry over.** +After reading The Intelligent Investor and Watching some videos of Charlie Munger and Warren buffet. I believe that buying small Is the way to go. + +My question is, Is is it better to look through small caps a small That are cheap and then find a good one, Or do you look for some small With strong financials and wait till they become cheap + +I'd love your input! + +Edit: thanks for all the great input! I got a ton of really good perspectives. Now time to digest all this info. +HI My name is Vincent ! I am in Rwanda! I want my children to have quality education in Germany, Netherlands and the UK. I feel this is the right time start saving for their University education in the for the next 10-15 years! can anyone advise which companies/schemes/Insurances can allow me to save for them. When the time is right they can pay for their education. +I recently built a stock research tool that's specifically designed for long term investors ([https://www.oakheartcapital.com/](https://www.oakheartcapital.com/)). + +As a long term investor, I find the most time consuming and tedious part to be compiling financial data from SEC filings. The problem is that stock brokerage or 3rd party research sites (i.e. yahoo finance) only provide limited financial history (5 years of annual results and 5 quarters of quarterly results). However, that amount of data is often not enough for long term investing, and manually compiling SEC filings takes a lot of time. + +There are paid solutions that do this, but they cost thousands of dollars/year. As a result, they are cost prohibitive unless you have a few million dollars to invest. Most retail investors, including myself, can't rationally justify that cost. + +Last but not least, current research tools available really focus on short term stock performance. How much did the stock price change in the last hour? Why did it move in this way? While useful for traders, almost all of that information is noise for long term investors. The single biggest challenge for long term public market investors is holding onto great companies through volatility. Consuming the noise everyday makes this job much harder. + +In short, I want a stock research platform that helps me understand company fundamentals and track important updates without being inundated with short term noise. I couldn’t find any existing solutions out there so I decided to build my own. + +With Oakheart Capital, this is my first stab at solving this problem. With it, you will get: + +* Up to 30 years of consolidated financial statements, cleaned and normalized across companies. All financials converted to USD. +* Calculation of key valuation metrics over time. +* Links to SEC filings for subsequent deep dives +* Easy to use stock screener that can filter by sector, industry, key financial metrics and growth. + +I also made some unconventional design choices to help eliminate noise: + +* The default price chart starts from the stock IPO date. This is a low cost way to remind myself to focus on the long term, not daily price movements. +* There is a stock news section, but it is filtered to eliminate low quality articles that drive clicks without adding value (most of them are ones that regurgitate stock price movements or perform technical stock analysis). + +The tool is free to try and no credit card required! The free plan gives you ~~3~~ 5 years of annual and ~~12~~ 20 quarterly results. Most free data providers give 5 years of annual and 5 quarters of quarterly results. Pro plan is priced at $20/month, and will give you up to 30 years and ability to export data to excel. + +If you are someone that’s actively pursuing a long term investing, please try it out! Would love to hear your feedback. + +Thanks! + +**UPDATE 9/2/2021:** Lots of great feedback and interaction from the community since yesterday. Already have a big list of ideas to prioritize in my to-do's. There were 2 constructive feedback that stood out to me the most: + +1. The free tier's data is lacking. 3 years is simply not compelling enough to overcome the switching cost. This is a fair criticism considering other features of the site is still in need of development. I have since extended this to the 5 years and 20 quarters of results. This is now substantially more than any other major provider's free tier offering (i.e. Yahoo/Google Finance, Morningstar, Zacks etc.) and an incredible resource. To access the quarterly results, simply create an account. +2. There are people that were interested in trying the pro version, but wanted a risk free way of doing it. Again, totally valid point. This was always my intention, but I should have made it more explicit on the site. If you do purchase the pro version and find it not helpful within 30 days, I'll give you a full refund, no questions asked. I'll also be implementing a free trial period in the coming days so you will only be billed starting the next billing cycle. + +Lots of exciting work ahead. If you are interested in following along, please sign up for the newsletter or create account. Your feedback is invaluable to shape the future of the platform. Thanks again for the support. +My wife’s boyfriend is taking her on a fancy date tonight while I’m eating a crayon sandwich and watching a virtual bobber until it tells me to right click. + +I can watch a line move right for a damn year. I love getting my tits jacked for dates, and the longer the squeeze is put off the more meaningless dates I get to jack my tits while watching the line move right. + +Edit: well posting this while actively training new people at my job was a mistake. I’m sorry I can’t reply to you all, but am loving reading all the ways you beautiful apes choose to throw your time right in the garbage. These assholes really should have just taken their L in January. + +Edit 2: For those asking, I have every wow fishing level achievement (been maxing fishing since classic), and lately have been fishing in monster hunter. There isn’t even a fishing level in that game, I just fish. +ok so I was very new to crypto and a victim of thanksgiving dinner,but I need help should I sell or hold. + +ok guys I'll HODL but I cant afford to buy a lot more rn,ill just be using the DCA strategy 4 now. +My brother is going through a tumultuous divorce. He makes about $1800 a week and gives his ex $1200 a week. They had a marital car together which ended up getting repossessed bc she didn't make payments for 6 months. My brother just got a DUI and totaled his car. He is a longshoreman and able to get a loan through his credit union only with a cosigner so he asked me. I don't think he would ever intentionally not pay back the loan but I don't feel comfortable doing this. My mother is looking at me like I'm a bad guy bc I just told her no. My question is do credit unions take the payment right out of your check? +Hello kind internet strangers! + +I am a 27 y/o (M) who recently came into making 150k annual from 35k annual. + +I didn't come from money nor have I had anything more than just enough to "scrape by". + +I recently had a son last week and I am looking for advice how to best invest my money for retirement/for my kiddo. + +What would be some good sources of information for my scenario and what would be a good way for me to save for my future outside of a savings account? + +Edit: I live in the US and my employer does not match 401k. + +Edit 2.0: Thanks to everyone in this sub, this advice has made me feel like this task is far less daunting and the positivity here is amazers. You all rock! +I am getting increasingly worried about the amount of warning signals that are flashing red for hyperinflation- I believe the process has already begun, as I will lay out in this paper. The first stages of hyperinflation begin slowly, and as this is an exponential process, most people will not grasp the true extent of it until it is too late. I know I’m going to gloss over a lot of stuff going over this, sorry about this but I need to fit it all into four posts without giving everyone a 400 page treatise on macro-economics to read. Counter-DDs and opinions welcome. This is going to be a lot longer than a normal DD, but I promise the pay-off is worth it, knowing the history is key to understanding where we are today. + +SERIES TL/DR (PARTS 1-4): We are at the end of a MASSIVE debt supercycle. This 80-100 year pattern *always* ends in one of two scenarios- default/restructuring (deflation a la Great Depression) or inflation( hyperinflation in severe cases (a la Weimar Republic). The United States has been abusing it’s privilege as the World Reserve Currency holder to enforce its political and economic hegemony onto the Third World, specifically by creating massive artificial demand for treasuries/US Dollars, allowing the US to borrow extraordinary amounts of money at extremely low rates for decades, creating a [Sword of Damocles](https://idioms.thefreedictionary.com/a+sword+of+Damocles+hangs+over+head) that hangs over the global financial system. The massive debt loads have been transferred worldwide, and sovereigns are starting to call our bluff. Systemic risk within the US financial system (from derivatives) has built up to the point that collapse is all but inevitable, and the Federal Reserve has demonstrated it will do whatever it takes to defend legacy finance (banks, broker/dealers, etc) and government solvency, even at the expense of everything else (The US Dollar). + +I’ll break this down into four parts. ALL of this is interconnected, so please read these in order: + +* Part One: The Global Monetary System- “A New Rome” < (YOU ARE HERE) +* [Part Two: Derivatives, Systemic Risk, & Nitroglycerin](https://www.reddit.com/r/Superstonk/comments/o727oc/the_dollar_endgame_part_2_the_ouroboros/)\- “The Ouroboros” < +* [Part Three: Banks, Debt Cycles & Avalanches](https://www.reddit.com/r/Superstonk/comments/ogzoco/hyperinflation_is_coming_the_dollar_endgame_part/)\- “The Money Machine” < +* Part Four: Financial Gravity & the Fed’s Dilemma- “At World’s End” < + +**Preface:** + +Some terms you need to know: + +[Inflation](https://www.investopedia.com/terms/i/inflation.asp): Commonly refers to increase in prices (per Keynesian thinking). However, Inflation in the truest sense is inflation (growth) of the money supply- higher prices are just the RESULT of monetary inflation. (Think, in normal terms, prices really only rise/fall, same with temperatures. (ie Housing prices rose today). The word Inflation refers to a growth in multiple directions (quantity and velocity). Deflation means a contraction of the money supply, which results in falling prices. + +[Dollarization](https://www.investopedia.com/terms/d/dollarization.asp#:~:text=Dollarization%20is%20the%20term%20for,due%20to%20hyperinflation%20or%20instability.) (Weaponization of the Dollar): The process by which the US government, IMF, World Bank, and other elite organizations force countries to adopt dollar systems and therefore create indirect demand for dollars, supporting its value. (Think Petrodollars). + +[Central Banks](https://www.investopedia.com/terms/c/centralbank.asp): Generally these are banks that control/monitor the monetary policy of the country they reside in. They are usually owned by private financial institutions (large banks/bank holding firms). They utilize open market [operations](https://www.investopedia.com/terms/o/openmarketoperations.asp#:~:text=Open%20market%20operations%20(OMO)%20refers,out%20to%20businesses%20and%20consumers.) to stabilize and set market rates. They are called the “Lender of Last Resort” as they are supposed to LEND (not bailout/buy assets) to other banks in a crisis and help defend their currency’s value in international forex markets. CBs are beholden to the “[dual mandate](https://www.chicagofed.org/research/dual-mandate/dual-mandate)” of maintaining price stability (low inflation) and a strong job market (low unemployment) + +[Monetary Policy](https://www.investopedia.com/terms/m/monetarypolicy.asp): The set of tools that central bankers have to adjust how money moves through the financial system. The main tool they use is quantitative tightening/easing, which basically means selling treasuries or buying treasuries, respectively. \*A quick note- bond prices and interest rates move inversely to one another, so when Central banks buy bonds (easing), they lower interest rates; and when they sell bonds (tightening), they increase interest rates. + +[Fiscal Policy](https://www.investopedia.com/terms/f/fiscalpolicy.asp): The actions taken by the government (mainly spending and taxing) to influence macroeconomic conditions. Fiscal policy and monetary policy are **supposed** to be enacted independently, so as not to allow massive mismanagement of the money supply to lead to extreme conditions (aka high inflation/hyperinflation or deflation) \*cough Yellen cough\* + +# Part One: The Global Monetary System- A New Rome + +&#x200B; + +[Allegory of the Prisoner's Dilemma](https://preview.redd.it/7sgzws8mlm671.png?width=557&format=png&auto=webp&s=956c8e050e84de9715eb2c7e4aeee59910f38d3a) + +# Prologue: + +In their masterwork tapestry entitled “[Allegory of the Prisoner’s Dilemma](https://loloro.com/artwork/3552148-Allegory-of-the-Prisoner-s-Dilemma.html)” (pictured in the title image of this post) the artists Diaz Hope and Roth visually depict a great tower of civilization that rests upon a bedrock of human cooperation and competition across history. The artists force us to confront the fact that after 10,000 years of human civilization we are now at a cross-roads. Today we have the highest living standards in human history that co-exists with an ability to destroy our planet ecologically and ourselves through nuclear war. We are in the greatest period of stability with the largest probabilistic tail risk ever. The majority of Americans have lived their entire lives without ever experiencing a direct war and this is, by all accounts, rare in the history of humankind. **Does this mean we are safe? Or does the risk exist in some other form, transmuted and changed by time and space, unseen by most political pundits who brazenly tout perpetual American dominance across our screens?** ([Pulled from Artemis Capital Research Paper](https://artemiscm.docsend.com/view/t2rpfyivddgqg6n8)) + +# The Bretton Woods Agreement + +[Money](https://www.investopedia.com/terms/m/money.asp), in and of itself, might have actual value; it can be a shell, a metal coin, or a piece of paper. Its value depends on the importance [that people place on it](https://www.investopedia.com/insights/what-is-money/)—traditionally, money functions as a medium of exchange, a unit of measurement, and a storehouse for wealth (what is called the three factor definition of money). Money allows people to trade goods and services indirectly, it helps communicate the price of goods (prices written in dollar and cents correspond to a numerical amount in your possession, i.e. in your pocket, purse, or wallet), and it provides individuals with a way to store their wealth in the long-term. + +Since the inception of world trade, merchants have attempted to use a single form of money for international settlement. In the 1500s-1700s, the Spanish silver peso (where we derive the [$ sign](https://www.lexico.com/explore/what-is-the-origin-of-the-dollar-sign)) was the standard- by the 1800s and early 1900s, the British rose to prominence and the Pound (under a gold standard) became the de facto world reserve currency, helping to boost the UK’s military and economic dominance over much of the world. After World War 1, geopolitical power started to shift to the US, and this was cemented in 1944 at [Bretton Woods](https://en.wikipedia.org/wiki/Bretton_Woods_system), where the US was designated as the WRC (World Reserve Currency) holder. + +&#x200B; + +[Bretton Woods](https://preview.redd.it/gw3dze1plm671.png?width=774&format=png&auto=webp&s=270e50cd07607e6e8c2f0254d954849cdb443c82) + +In the early fall of 1939, the world had watched in horror as the German blitzkrieg raced through Poland, and combined with a simultaneous Russian invasion, had conquered the entire territory in 35 days. This was no easy task, as the Polish army numbered more than [1,500,000 men](https://www.ww2-weapons.com/polish-armed-forces/), and was thought by military tacticians to be a tough adversary, even for the industrious German war machine. As WWII continued to heat up and country after country fell to the German onslaught, European countries, fretting over possible invasions of their countries and annexation of their gold, started sending massive amounts of their [Gold Reserves to the US](https://www.stlouisfed.org/publications/regional-economist/first-quarter-2020/changing-relationship-trade-americas-gold-reserves). At one point, the Federal Reserve held over 50% of all above-ground reserves in the world. + +&#x200B; + +[US Trade Balance](https://preview.redd.it/40yylu9qlm671.png?width=783&format=png&auto=webp&s=57a4cfabc73c8b074da57f68980467e834055f62) + +In a global monetary system restrained by a Gold Standard, countries HAVE to have [gold reserves](https://en.wikipedia.org/wiki/Gold_reserve) in their vaults in order to issue paper currency. The Western European powers all exited the Gold standard via executive acts in the during the dark days of the Great Depression (in Germany’s case, immediately after WW1) and build up to War by their respective finance ministers, but the understanding was they would return back to the Gold standard, or at least some form of it, after the chaos had subsided. + +As the war wound down, and it became clear that the Allies would win, the Western Powers understood that they would need to come to a new consensus on the creation of a new global monetary and economic system. + +Britain, the previous world superpower, was marred by the war, and had seen most of her industrial cities in ruin from the [Blitz](https://www.britannica.com/event/the-Blitz). France was basically in tatters, with most industrial infrastructure completely obliterated by German and American shelling during various points of the war. The leaders of the Western world looked ahead to a long road of rebuilding and recovery. The new threat of the USSR loomed heavy on the horizon, as the Iron Curtain was already taking shape within the territories re-conquered by the hordes of Red Army. + +Realizing that it was unsafe to send the gold back from the US, they understood that a post-war economic system would need a new World Reserve Currency. The US was the de-facto choice as it had massive reserves and huge lending capacity due to its untouched infrastructure and incredibly productive economy. + +At Bretton Woods, the consortium of nations assented to an [agreement](https://corporatefinanceinstitute.com/resources/knowledge/finance/bretton-woods-agreement/) whereby the Dollar would become the WRC and the participating nations would [synchronize monetary policy](https://ies.princeton.edu/pdf/E106.pdf) to avoid competitive devaluation. In summary, they could still redeem dollars for Gold at a fixed rate of $35 an oz, a hard redemption peg which the[ U.S would defend](https://www.thebalance.com/gold-price-history-3305646). + +Thus they entered into a quasi- Gold standard, where citizens and private corporations could NOT redeem dollars for Gold (due to the [Gold Reserve Act ](https://en.wikipedia.org/wiki/Gold_Reserve_Act), c. 1934), but sovereign governments (Central banks) could still redeem dollars for gold. Since their currencies (like the Franc and Pound) were pegged to the Dollar, and the Dollar pegged to gold, all countries remained connected indirectly to a gold standard, stabilizing their currency conversion rate to each other and limiting local governments’ ability to print and spend recklessly. + +&#x200B; + +[US Gold Reserves](https://preview.redd.it/6pqkimnwlm671.png?width=746&format=png&auto=webp&s=a2d3e71f7fe4462d7157d0a54e45c2f5f63b8e51) + +For a few decades, this system worked well enough. US economic growth spurred European rebuilding, and world trade continued to increase. Cracks started to appear during the Guns and Butter era of the 1960’s, when Vietnam War spending and Johnson’s Great Society programs spurred a new era of fiscal [profligacy](https://www.thebalance.com/president-lyndon-johnson-s-economic-policies-3305561). The US started borrowing massively, and dollars in the form of Treasuries started stacking up in foreign Central Banks reserve accounts. + +Then-French President [Charles De Gaulle](https://www.britannica.com/biography/Charles-de-Gaulle-president-of-France/Return-to-public-life) did the calculus and realized in 1965 that the US had issued far too many dollars, even considering the massive gold reserves they had, to ever redeem all dollars for gold (remember naked shorting more shares than exist? -same idea here). He laid out this argument in his infamous [Criterion Speech](https://www.usagold.com/cpmforum/favorite-web-pages-degaulle/) and began aggressively redeeming dollars for gold. + +The global “run on the dollar” had already begun, but the process accelerated after his seminal address, as every large sovereign turned in their dollars for bullion, and the US Treasury was forced to start massively exporting gold. Backing the sovereign government's actions were fiscal and monetary strategists getting more and more worried that the US would not have enough gold to redeem their dollars, and they would be left holding a bag of worthless paper dollars, backed by nothing but promises. The outward flow of gold quickly became a deluge, and policymakers at all levels of Treasury and the State department started to worry. + +&#x200B; + +[Nixon ends Bretton Woods](https://preview.redd.it/n2o4uz5ylm671.png?width=761&format=png&auto=webp&s=02ce74f1d61b5fa8c920db23af4c87bff8e2e2d2) + +Nearing a coming dollar solvency crisis, Richard Nixon [announced](https://www.federalreservehistory.org/essays/gold-convertibility-ends) on August 15th, 1971 that he was closing the [gold window](http://triplecrisis.com/a-first-default-closing-the-gold-window/), effectively barring all countries from current and future gold redemptions. Money ceased to be based on the gold in the Treasury vaults, and instead was now completely unbacked, based solely on government decree, or [fiat](https://www.investopedia.com/terms/f/fiatmoney.asp). Fixed wage and price controls were created, inflation skyrocketed, and unemployment spiked. + +Nixon’s speech was not received as well internationally as it was in the United States. Many in the international community interpreted Nixon’s plan as a unilateral act. In response, the [Group of Ten](https://www.investopedia.com/terms/g/groupoften.asp) (G-10) industrialized democracies decided on new exchange rates that centered on a devalued dollar in what became known as the [Smithsonian Agreement](https://www.investopedia.com/terms/s/smithsonian-agreement.asp). That plan went into effect in Dec. 1971, but it proved unsuccessful. Beginning in Feb. 1973, speculative market pressure caused the USD to devalue and led to a series of [exchange parities](https://www.investopedia.com/terms/p/parity.asp). + +Amid still-heavy pressure on the dollar in March of that year, the G–10 implemented a strategy that called for six European members to tie their currencies together and jointly [float](https://www.investopedia.com/terms/f/float.asp) them against the dollar. That decision essentially brought an end to the fixed exchange rate system established by Bretton Woods. This crisis came to be known as the “[Nixon Shock](https://www.investopedia.com/terms/n/nixon-shock.asp)” and the DXY ([US dollar index) began to fall](https://www.macrotrends.net/1329/us-dollar-index-historical-chart) in global markets. + +&#x200B; + +[DXY](https://preview.redd.it/jioirg70mm671.png?width=754&format=png&auto=webp&s=e81e3ab7724a05947925e436657a05e8d5ed6c5e) + +This crisis came out of the blue for most members of the administration. According to [Keynesian](https://www.econlib.org/library/Enc/KeynesianEconomics.html) economists, stagflation was literally impossible, as it was a violation of the [Philips Curve](https://www.econlib.org/library/Enc/PhillipsCurve.html) principle, where Unemployment and Inflation were inversely correlated, thus inflation should [theoretically](https://www.stlouisfed.org/open-vault/2020/january/what-is-phillips-curve-why-flattened) be **decreasing** as the recession worsened and unemployment climbed through [1973-1975](https://en.wikipedia.org/wiki/1973%E2%80%931975_recession#:~:text=The%201973%E2%80%931975%20recession%20or,World%20War%20II%20economic%20expansion.). + +&#x200B; + +[Phillips Curve](https://preview.redd.it/865d1fr1mm671.png?width=705&format=png&auto=webp&s=ee8be1d79e2323da9f0f19ecc39c0da0a3360511) + +MONKE-SPEK: Philips Curve Explained + +* Low Unemployment>Lots of jobs/high demand for labor. +* Thus, more workers are employed, and wages rise>putting more money in more people’s pockets. +* These people go out and buy beanie babies, toasters, and bananas (what economist John Maynard Keynes called [aggregate demand](https://www.investopedia.com/terms/a/aggregatedemand.asp)) and this higher demand leads to higher prices for goods and services. This shows up as inflation. +* Consider the opposite- high unemployment>fewer jobs>less money for people +* Less demand for goods and services> lower inflation + +Keynesian economists treated this curve as a law of nature, rather than a general rule. We see exceptions to this rule everywhere- Argentina is a prime example, where they have [persistently](https://www.statista.com/statistics/316703/unemployment-rate-in-argentina/) high unemployment AND high [inflation](https://tradingeconomics.com/argentina/inflation-cpi). This phenomenon is called [stagflation](https://www.investopedia.com/terms/s/stagflation.asp), and is evidence of inflationary pressures so strong that they overcome the deflationary force of high unemployment. These economists were utterly blindsided by the emergence of stagflation. + +After the closing of the gold window in 1971, the crisis spread, inflation kept climbing, and other sovereigns began contemplating devaluing their currencies as their only peg, the US dollar, was now unmoored and looked to be heading to disaster. + +US exports started climbing (cheaper dollar, foreigners could now import stuff to their countries), straining export economies and sparking talks of a [currency war](https://en.wikipedia.org/wiki/Currency_war). Knowing they had to do something to stop the bleeding, the Nixon administration, at the direction of Henry Kissinger, made a secret deal with [OPEC](https://en.wikipedia.org/wiki/OPEC), creating what is now called the Petrodollar system. This [article](https://greatpowerrelations.com/great-powers/status-of-great-powers/key-drivers-of-economic-capabilities/dollar-and-de-dollarization/birth-of-petrodollar/) summarizes it best: + +&#x200B; + +[PetroDollar system](https://preview.redd.it/m5a1v6a4mm671.png?width=787&format=png&auto=webp&s=b8ff7945a9bbe8924be32f157864c67a0db4cb41) + +[Petrodollars](https://www.investopedia.com/terms/p/petrodollars.asp) had been around since the late 1940s, but only with a few suppliers. Petrodollars are U.S. dollars paid to an oil-exporting country for the sale of the commodity. Put simply, the petrodollar system is an exchange of oil for U.S. dollars between countries that buy oil and those that produce it. + +By forcing the majority of the oil producers in the world to price contracts in dollars, it created artificial demand for dollars, helping to support US dollar value on foreign exchange markets. The petrodollar system creates surpluses for oil producers, which lead to large U.S. dollar reserves for oil exporters, which need to be recycled, meaning they can be channeled into loans or direct investment back in the United States. + +It still wasn’t enough. [Inflation](https://fred.stlouisfed.org/series/FPCPITOTLZGUSA), like many things, had inertia, and the oil shocks caused by the Yom Kippur War and other geo-political events continued to strain the economy through the 1970’s. + +&#x200B; + +[PCE Index](https://preview.redd.it/l89uq1v5mm671.png?width=782&format=png&auto=webp&s=3673060f2a7a4492bafae2ef07d0a33f3442f649) + +Running out of road, monetary policymakers finally decided to employ the nuclear option. [Paul Volcker](https://www.thebalance.com/who-is-paul-volcker-3306157), the new Federal Reserve Chairman selected in 1979, knew that it was imperative to break the back of inflation to preserve the global economic system. That year, inflation was spiking well above 10%, with no end in sight. He decided to do something about it. + +&#x200B; + +[Volcker Doctrine](https://preview.redd.it/ytyvtld7mm671.png?width=786&format=png&auto=webp&s=d0be2afbd5e646ee7afa70c4bac738796029ff97) + +By hiking interest rates aggressively, consumer credit lending slowed, mortgages became more expensive to finance, and corporate debt became more expensive to borrow. Foreign companies that had been dumping US dollar holdings as inflation had risen now had good reason to keep their funds vested in US accounts. When the Petrodollar system, which had started taking shape in ‘73 was completed in March 1979 under the [US-Saudi Joint Commission](https://www.legistorm.com/reports/view/gao/6895/The_U_S_Saudi_Arabian_Joint_Commission_on_Economic_Cooperation.html), the dollar finally began to stabilize. The worst of the crisis was over. + +Volcker had to keep interest rates elevated well above 8% for most of the decade, to shore up support for the dollar and assure foreign creditors that the Fed would do whatever it takes to defend the value of the dollar in the future. These absurdly high interest rates put a brake to US government borrowing, at least for a few years. Foreign creditors breathed a sigh of relief as they saw that the Fed would go to extreme lengths to preserve the value of the dollar and ensure that Treasury bonds paid back their principal + interest in real terms. + +&#x200B; + +[10yr US treasury yields](https://preview.redd.it/8wmho589mm671.png?width=775&format=png&auto=webp&s=7af6f7393d964baeabd3ff69eeb876ef70bace1e) + +Over the next 40 years, the United States and most of the developed world saw a prolonged period of economic growth and global trade. Fiat money became the norm, and creditors accepted the new paradigm, with it’s new risk of inflation/devaluation (under the gold standard, current account deficits, and thus inflation risk, was self-stabilizing). The Global Monetary system now consisted of free-floating fiat currencies, liberated from the fetters of the gold system. + +[(I had to break this post up into two sections due to the character limit, here is second half of Pt 1): /](https://www.reddit.com/r/Superstonk/comments/o4w45f/hyperinflation_is_coming_the_dollar_endgame_part/) +The markets have been getting hammered lately- but I fear the carnage is just getting started. Major banks and equity funds are beginning to wake up to the new economic reality- stagflation. + +&#x200B; + +[Stagflation vs Bonds](https://preview.redd.it/k8ug5rpu2xx81.jpg?width=500&format=pjpg&auto=webp&s=05c728c273b7a3637504c107d7a2e73178a4fde1) + +&#x200B; + +What is stagflation? Stagflation is characterized by slow [economic growth](https://www.investopedia.com/terms/e/economicgrowth.asp) and relatively high unemployment—or economic stagnation—which is at the same time accompanied by rising prices (i.e. inflation). It can be alternatively defined as a period of inflation combined with a decline in the [gross domestic product](https://www.investopedia.com/terms/g/gdp.asp) (GDP). + +I discussed this at length in my first post of my Dollar Endgame Series ([linked here](https://www.reddit.com/r/Superstonk/comments/o4vzau/hyperinflation_is_coming_the_dollar_endgame_part/)) where I explained that Keynesian economists (academic/government economists who follow John Maynard Keynes’ theories on supply/demand) believed that stagflation is “literally impossible”. + +(This was due to an extrapolation of the Phillips Curve, which basically implies that unemployment and inflation are negatively correlated. High unemployment>Not enough jobs>Not enough money going to workers>less demand for goods/services>lower prices.) + +Well, stagflation is officially here. On Thursday, April 28th, the US Bureau of Economic Analysis [released their Q1 2022 GDP numbers](https://www.bea.gov/news/2022/gross-domestic-product-first-quarter-2022-advance-estimate), which were down by a shocking 1.4%! This is the first GDP drop since Q2 of 2020, when the world entered lockdowns. + +&#x200B; + +[GDP Estimates \(Quarterly\)](https://preview.redd.it/w6v58sy23xx81.png?width=488&format=png&auto=webp&s=60b32237e15170836176604ce429926572789883) + +&#x200B; + +“The decrease in **real GDP** reflected decreases in private inventory investment, exports, federal government spending, and state and local government spending, while imports, which are a subtraction in the calculation of GDP, increased. Personal consumption expenditures (PCE), nonresidential fixed investment, and residential fixed investment increased (table 2).” + +\*\*“\*\*Disposable personal income increased $216.6 billion, or 4.8 percent, in the first quarter, compared with an increase of $20.1 billion, or 0.4 percent, in the fourth quarter. **However, Real disposable personal income** decreased 2.0 percent, compared with a decrease of 5.6 percent.” + +Rising food and gas prices made up the bulk of the CPI increases, along with housing and vehicle prices. Wages still haven’t caught up, reflecting a drop in real income and thus a fall in spending. + +The American economy is a consumer-based economy, [with around 70% of GDP spent on personal consumption](https://fred.stlouisfed.org/series/DPCERE1Q156NBEA) rather than investment or savings. When the prices of inelastic goods rise (ie things people need to survive- food, gas, electricity, toilet paper), this leaves a smaller amount of funds available to be spent on vacations, or cars, etc. + +With this fall in consumer spending will come a fall in most business revenues, which will mean bankruptcies, job losses, and asset liquidations. In short, we are in a recession, and it will get worse before it gets better. + +All this is occurring as [inflation figures hit 8.5% in March, a 40 year high](https://www.nytimes.com/live/2022/04/12/business/cpi-inflation-report). + +&#x200B; + +[Inflation Rates](https://preview.redd.it/numocbz73xx81.png?width=628&format=png&auto=webp&s=e42ea8997d6b6d966564e05e31ce02a26cecd179) + +This is a deadly combination for any economy- as real wages fall, and prices rise, everyday living gets harder for working class people. Contrary to Reaganite economic thinking, their spending and work habits drive most of the value creation in an economy- so with more of them laid off and not spending, the economy begins to contract. + +Fed officials initially dismissed the idea that inflation could be anything other than transitory, but this idea was laughable as they had printed over [$4 Trillion](https://fred.stlouisfed.org/series/WALCL) in the space of 24 months since March 2020. + +This massive money printing was sure to show up in CPI figures- even ones that are as heavily manipulated as the current set- and, set off a series of events that will eventually end in extreme inflation, from my point of view. + +The ones who are getting beaten the worst are bond investors- after more than a decade of the Fed pinning rates to the zero bound, and keeping them there with QE, bonds were in a major bubble. In financial terms, most investors viewed them as risk-free, since Powell would always be there to buy back bonds at face value, leaving no chance of nominal loss and a nice small coupon payment as interest. + +However, with the Fed officially stopping asset purchases in March (really April), the tide is going out and now these investors are realizing that “[The Emperor has no Clothes](https://www.urbandictionary.com/define.php?term=the%20emporer%20has%20no%20clothes)”. + +Bond markets are getting absolutely obliterated, with funds experiencing massive drawdowns as a risk-off move appears to accelerate. + +[Bonds YTD](https://preview.redd.it/0hlfjbs24xx81.jpg?width=1152&format=pjpg&auto=webp&s=ff138d74f9a00129d902cc6b369a39993a0aa81b) + +&#x200B; + +[Stocks YTD ](https://preview.redd.it/2zyosih34xx81.jpg?width=847&format=pjpg&auto=webp&s=7d5b76e3e69ec9fd5d4f4ac5ed6a5122c61179cf) + +&#x200B; + +&#x200B; + +In my opinion, the bond market selloff has only just begun. [10 year Treasury yields have ripped higher, reaching around 3%](https://www.cnbc.com/quotes/US10Y). However, in real terms they are still -5.5%, and not likely to recover anytime soon. + +Investors are pulling out of these funds at a rapid pace- one month ago, Bank of America noted that Treasuries had their third worst drawdown in a century! + +&#x200B; + +[Treasury Drawdown](https://preview.redd.it/un9dqti64xx81.png?width=564&format=png&auto=webp&s=36a6c12cc8b53e4ab2721d4cb440c8d4b751c6dc) + +&#x200B; + +**And all this just a week after the Fed ends QE? Bondholders running for the exits…** + +The issue that faces policymakers is a dual one- how do you fight inflation and bond market selloff at the same time? The cure for bond selloff is easing (money printing, lower rates) and the cure for inflation is tightening (no more money printing, push rates higher). + +But they can’t do both at the same time- so which hell do they choose? High inflation but bonds are face value, OR low inflation but bond market collapse? + +It appears they are trying the latter currently. + +&#x200B; + +[US Corporates Total Return](https://preview.redd.it/p85kcxop4xx81.png?width=970&format=png&auto=webp&s=0c47413002f9d0c460dbb65815e17c242368ec41) + +Most people simply do not understand the vitality of Fixed Income markets in global finance. + +Bond markets can control policy action for entire countries. Economist Ed Yardeni coined the term “[bond vigilante](https://www.econlib.org/about-those-bond-vigilantes/)” to describe a bond market investor who protests against monetary or fiscal policies considered inflationary by selling bonds, thus increasing [yields](https://en.wikipedia.org/wiki/Yield_(finance)). + +Thus, by selling bonds, market participants can essentially call a government's bluff, forcing them to either print more money or allow yields to rise until they are an appropriate match for the default risk + inflation rate of a particular government bond. + +For example, From October 1993 to November 1994 US 10-year yields climbed from 5.2% to just over 8.0% fueled by concerns about federal spending in what became informally known as the "[Great Bond Massacre](https://en.wikipedia.org/wiki/Great_Bond_Massacre)." With some guidance from [Robert Rubin](https://en.wikipedia.org/wiki/Robert_Rubin), the United States Secretary of the Treasury, the Clinton administration and Congress made an effort to reduce the deficit, and 10-year yields dropped to approximately 4% by November 1998. + +Clinton political adviser James Carville said at the time, **"I used to think that if there was reincarnation, I wanted to come back as the president or the pope or as a .400 baseball hitter. But now I would like to come back as the bond market. You can intimidate everybody."** + +&#x200B; + +As yields rise, it becomes more expensive to borrow, and with a recession looming, corporate profits are set to fall drastically. + +&#x200B; + +SP 500 Real Earnings Yield is the lowest in over 40 years- harkening back to the last major stagflationary period we experienced in the 1970’s. + +&#x200B; + +[Real Earnings Yields](https://preview.redd.it/dc641bd75xx81.jpg?width=1003&format=pjpg&auto=webp&s=82c9261d7f2ecf9da1ebcda8be8200d749ccd369) + +&#x200B; + +As real incomes fall, earnings go down, and valuations start to matter. Wall Street priced in aggressive growth across almost every stock, but especially tech/SaaS firms with high cash burn rates. Now that appears that it is starting to unwind. + +&#x200B; + +[Vix becoming more active- signpost?](https://preview.redd.it/s0cuxp6e5xx81.png?width=1240&format=png&auto=webp&s=d71cdc3d615e657e8e0062c903ddd4065abb964a) + +&#x200B; + +Vol premiums are on the rise, bonds and stock selling off together, crypto getting liquidated across the board- it appears that the deleveraging is just beginning. + +&#x200B; + +In my post from November 2021, [The Dollar Endgame Part 4.2: Financial Gravity & The Fed’s Dilemma,](https://www.reddit.com/r/Superstonk/comments/qassc0/hyperinflation_is_coming_the_dollar_endgame_part/) I examined how this exact scenario (Fed ending QE, beginning to tighten into market weakness played out last time, in 2018: + +&#x200B; + +“**The Fed, with this trend of lower and lower interest rates in their vain attempt to kill the credit cycle, have created a financial black hole- the more they lower rates to get out and stave off default, the more debt is created, piling on more and more mass. This pushes interest rates even lower, which creates more loan demand, and thus more debt, in a devastating feedback loop.** + +**This game will continue until the whole thing collapses under the weight of it’s own gravity. That, or they burn their way out with inflation. (Guess which path they’re currently choosing).** + +&#x200B; + +[History of Fed Tapers](https://preview.redd.it/xxsia6u26xx81.png?width=1196&format=png&auto=webp&s=27ffe13a219728f01ac35ddceee3cba9aa8fb20d) + +**There has been much discussion of a taper, that the Fed will stop printing money to buy securities, and will raise interest rates to “fight inflation”. To me, anyone who believes they will accomplish this is being foolish.** + +**The Fed could barely get interest rates above 2.4% in late 2018/early 2019 before the stock market began to fall into bear market territory and the repo market blew up in September 2019. What makes them think they could get interest rates high enough to matter to fight inflation (above 7%) with Debt to GDP 30% higher than it was in 2019?** + +&#x200B; + +[Summary of Q4 2018 Taper Tantrum](https://preview.redd.it/i74241196xx81.png?width=1416&format=png&auto=webp&s=e98496f967130a6725bb4cab8fe19819ce210c37) + +&#x200B; + +**Each time they begin this taper program, the markets react violently.** + +**Addicted to the heroin of easy money and low interest rates, the prisoners of this system (the banks and the US Treasury itself) are up to their eyeballs in debt, and any attempt to offload that debt is vehemently opposed. (**[**See this article**](https://www.reuters.com/article/us-usa-fed-2013-timeline/key-events-for-the-fed-in-2013-the-year-of-the-taper-tantrum-idUSKCN1P52A8)**).** + +**Disconnecting the Fed’s liquidity hose results in immediate withdrawal, and must be put back quickly if the Fed wants to avoid a full blown deleveraging event (deflationary spiral). The prisoners demand ever increasing liquidity, more and more QE, and tapers become ever shorter and fewer.** + +**The inmates are running the asylum.”** + +&#x200B; + +&#x200B; + +Buckle Up! + +&#x200B; + +*Nothing on this Post constitutes investment advice, performance data or any recommendation that any security, portfolio of securities, investment product, transaction or investment strategy is suitable for any specific person. From reading my Post I cannot assess anything about your personal circumstances, your finances, or your goals and objectives, all of which are unique to you, so any opinions or information contained on this Post are just that – an opinion or information. Please consult a financial professional if you seek advice.* + +\*If you would like to learn more, check out my recommended reading list [here](https://docs.google.com/document/d/1nSw9odLoExaq0oEBqIHrCK1Xj5KfyjBkGQZ93LTh34g/edit?usp=sharing). This is a dummy google account, so feel free to share with friends- none of my personal information is attached. You can also check out a Google docs version of my[ Endgame Series here](https://docs.google.com/document/d/1552Gu7F2cJV5Bgw93ZGgCONXeenPdjKBbhbUs6shg6s/edit?usp=sharing). + +**You can follow me on Twitter at** [peruvian\_bull](https://twitter.com/peruvian_bull)**. All other accounts are impersonators/scam accounts** +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. +https://www.cnbc.com/2022/03/02/china-will-not-join-sanctions-against-russia-banking-regulator-says.html?&amp;qsearchterm=sanctions + +BEIJING – China’s banking and insurance regulator said on Wednesday that the country opposes and will not join financial sanctions against Russia + +“Everyone is watching recent military conflict, or war, between Russia and Ukraine,” Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, said at a press conference in Mandarin, according to a CNBC translation. “China’s position has been stated clearly by the Ministry of Foreign Affairs. Our international policies are consistent.” + +“Regarding financial sanctions, we do not support that,” said Guo, noting particular opposition to “unilateral” sanctions, which he said don’t effectively address problems. “China won’t join such sanctions.” +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). +[https://www.bloomberg.com/opinion/articles/2020-10-31/personal-finance-what-if-stocks-don-t-always-go-up-advice-for-young-investors](https://www.bloomberg.com/opinion/articles/2020-10-31/personal-finance-what-if-stocks-don-t-always-go-up-advice-for-young-investors) + +This article is definitely concerning and brings up some good points. I don’t know that you can bet on tripling your investment, but I feel safe assuming that it’ll grow considerably given that many people’s current cost basis is based on the fire sale that the COVID recession brought at the beginning. And really the market is doing so bad right now because COVID cases are rising because it’s winter, but once it starts to heat up and COVID cases aren’t spiking the way they currently are I’m sure the market will regain some territory - or at least not be pinned down the way it currently is. And it seems like his assessment was generally a response to the conventional advice that you can guarantee returns by investing in an index fund that follows the S&P 500 or investing in the big tech companies (and there is definitely a concern that they could be harmed by anti-trust suits). But I think it depends on what you’re investing in. + +Like if you’re in airlines they’re directly affected, probably more than any other industry, by COVID restrictions. Their earnings have been shit because of it and once people aren’t afraid to travel I just don’t see how their earnings and then share value don’t go up. If you wanted to hedge against the sort of losses he talks about I would probably sell once they start announcing vaccines coming out because I’d be surprised if the market didn’t drive prices up with their optimism that that means everything is going back to normal. On top of that, when he says that the market in 2012 still wasn’t above its 2000 peak it’s a bit disingenuous because when you look at the S&P over the past 20 years he’s right, but 2000 was a peak (at about 1491), then after a dip, the market went to a high of about 1535 in 2007, then the market crashed in 08 and started recovering and he just picked an arbitrary point in that recovery that proved his point but which became irrelevant the very next year, in 2013, when the market DID exceed 2000 levels and then boomed over the next 7 years to more than double what it was in 2000 or 2006. + +Regarding what he said about big tech companies, yeah I would probably stay out of tech. Those companies already have such a high share price that I’ve always been skeptical of jumping in anyway. He also says globalization is in retreat, and I think that’s a bit of a hasty conclusion. I think we’re definitely at a crossroads where we’re trying to determine if we’re going to dive headfirst into a more globalist orientation or retreat and be more isolationist, but I’m skeptical that in the longer term we aren’t going to be more globalist in orientation. But I do think we’re in for a bit of identity seeking as it pertains to whether we’re going to be more globalist or isolationist, because if you recall TPP had pretty steep opposition on both sides of the aisle - but not so much that Obama wasn’t willing to pursue it. And I think the luster of isolationism has probably been tarnished a bit by Trump. Though globalism is really one of those things, just like anti-racism and shit like that, where this election seems to sort of serve as a referendum on it. + +Trump is certainly not a fan of globalism, but Biden seems at least more globally oriented and has at least in some cases shown an inclination towards reviving Obama-era policies that Trump dismantled because Biden was part of the Obama era so his legacy is sorta tied up in that as well, and one of those policies was TPP. As far as workers demanding a fairer split of capitalism, that’s fair. I do anticipate things like wage hikes, but that could also result in people spending more because they have more (i.e. Keynesianism). I also think it’s a fair point about the aging demographics thing. It makes sense that boomers would want to divest themselves of riskier stocks and people just haven’t been having kids as much as they used to, so the working-age population is surely going to feel that bite at some point (though I’m not sure when). However, the US has long been an exception to the rule of shitty population growth rates in the west. In general, we don’t have a ton of kids, but where we have historically differed is that we attract a lot of immigrants so our population grows that way - and Biden has already stated that he’s going to be reversing some of Trump’s immigration policies. + +&#x200B; +Maybe it's just me but I dont see how Solana is so high up the rankings when theres so much controversy around it. The technology is good but aside from that it's an absolute shit coin, another "ethereum killer" that will probably die out once the biggest investors sell their bags. + +For starters how can the devs shut down the blockchain because of a glitch then call the platform decentralised? Do you think crypto could of ever come this far if satoshi shut down btc for repairs? Absolute nonsense. + +Then there was the discovery of a hidden 12 million coins which wasint disclosed to any investor. 12,000,000× £160 (roughly at the moment)= £1,920,000,000 is a lot of money to hide for no specific reason. + +And dont forget the announcement of bringing tether to their blockchain like that's something to be proud of, everyone in the crypto space knows tether is a liability and could put everyone's investment at risk. + +I know theres things I've missed out but I cant buy force myself to buy into this scammy sounding project, too many things wrong with it. +Just noticing a potential psychological assault forming within this sub. + +A significant amount of post are suddenly cropping up, all of them talking about how they are diamond hands and their family/friends telling them they should have sold or they have a problem. + +On any other day I would find this inspirational, but the sudden surfacing of these post all on one day raises my paranoia alarms and I feel like its phase one of a FUD campaign. Some of them are straight up saying their families are afraid people PENSIONS will be harmed. I suspect here in the next week or two they campaign will do a 180° turn around and the narrative changes to they "sold" their shares and probably include somethings along the lines of "im happy with my profit" or "this is the peak." + +Im not saying down vote them and stuff. They may be true but remember be cautious. If everything where what it seemed this forum would have never came to fruition. + +Edit: Got way too triggered too quickly, there are other posts similar to mine with earlier time stamps. + +Edit 2: Ape no fight ape, if you believe a story is real engage positively or just move on. No need to down vote either, the post might just be inspirational for an other person. Unless of course they are blatantly breaking a rule or something alike. +What are some Barista fire jobs besides working at an actual Starbucks? I'm close to FI and looking for possible low-stress part-time (2-3 days/week) jobs, with options to take long vacations and travel. I'm thinking about teaching at a community college, working at a library, or an animal shelter. Maybe a chess teacher? I don't mind being an actual barista either. Is it possible to get healthcare from part-time jobs? What do you need to work as a tax preparer? What income do folks normally target in BaristaFI? + +I'm sure many of y'all are looking for the same. Hit me with some ideation! + + +(Nexe.V) is a plant-based producer that has a goal to make everything plant-based and ecofriendly. Their products are 100% biodegradable. + +\-Started producing and selling the first 100% biodegradable coffee pods compatible with Keurig and Nespresso coffee machines. + +\-Canadian based company funded by the government + +\-Production of new products while some are already being sold. + +\-Fully compostable in as little as 3days in an industrial composting facility + +\-Backed by 5 years of scientific testing by universities and industry. + +\-Have a higher coffee volume without compromising its taste + +\-The pods break down to natural and non-toxic materials. A six months third-party study found that there was no impact on the growth of vegetables in soil with added NEXE pod compost. + +&#x200B; + +https://preview.redd.it/08wqhjs7klb61.jpg?width=349&format=pjpg&auto=webp&s=818b3ddbc179b901aa5be4505ad950714826f04d + +\- Has received a 1,000,000$ award from the government as of January 14th 2021 + +\- Has a cheap 2$ price tag + +\-Possible short and long term multiplier + +\- Insiders never sold a share yet,only bought. + +\- Has been pnly very recently listed on the TSX + +\-Volume passed 1,3Mil as today January 15th + +\- Future products in the making and potential partnerships with other coffee companies + +\-Still under the radar + +\- Available on Wealthsimple aswell + +&#x200B; + +https://preview.redd.it/dyr3ycdbklb61.png?width=1224&format=png&auto=webp&s=f4bdb80adbe41165662ff18141707f4b47c1956c + +Why should you NOT invest in NEXE? + +\- Hating money with a burning passion + +\- Waiting so long that you regret not seeing the 2$ price tag ever again + +Usefull links and sources: + +[https://nexeinnovations.com/](https://nexeinnovations.com/) + +[https://ca.finance.yahoo.com/news/investment-secure-made-canada-supply-182900749.html](https://ca.finance.yahoo.com/news/investment-secure-made-canada-supply-182900749.html) + +[https://ca.finance.yahoo.com/news/visitor-season-extension-response-high-212900731.html](https://ca.finance.yahoo.com/news/visitor-season-extension-response-high-212900731.html) + +Disclosure: I own shares of NEXE. +I'm sure this question has been asked before, but I'm a software engineer. I'm not a trader. I have a decent understanding of the terminology and how the stock market 'works' (from a high level stand point, I understand how an option contract works, not saying I know how to necessarily make money with it). + +I've thought about instead reaching out to proven traders and just instead implementing their algorithms for them. In my failing pursuit to become a successful algo trader on my own, I did create a decent 'framework' and web monitoring dashboard (my whole hypothesis was to be able to test/monitor/create algorithms fast and the rest would fall in line...that didn't work, but it isn't completely unhelpful either!). + +Have any of my fellow software engineers ever done anything similar to this? How has it gone? + +A few reservations I've had with doing something like this and from what I've seen: + +- Your DMs will fill up with people who just want to slap a ton of indicators on hoping it will work + +- Unprofitable traders think you'll be the holy grail to them being profitable + +- Traders who take software engineers for granted. This is just a personal gripe lol, but some of these people think 'software engineering' is a 100 line python script + +- The trader just wants to hire you and parametrize their algorithm to protect their age (which is fine because I'm sure these traders have spent countless hours finding that edge, but at the same time they likely won't like the price you had on developing your software either) + + +Anyways, just curious to get others perspective. I'm sure I'm not the first person that has thought of this. Obviously my goal like most people here is to make money, so just trying to vet potential ways to do such a thing. +💣Welcome to 🐂 #NFTBull — world's first interactive NFT Market with minigames! Our goal is to integrate all of the meme ecosystem into a unified blockchain protocol, which will make sharing and interacting with the platform as transparent and as easy as possible. From today you will be able not only to purchase NFTbull token, but to trade and exchange it for your favorite NFT's and expand your existing collection!💥 + +We will be holding AMA chat at 19:30 GMT time today on telegram, with the owner and an entire NFTbull developers team. LP lock will be provided pre-launch.🔏 We are extremely excited to see and speak to each and everyone of you, so please don't miss a chance. Our telegram community is growing fast and it's almost at 900 members!🚀 + +🎮New interactive game is coming and currently is in the last stages of development.��️ Announcement about the release will be published on our website and telegram server later next week. More about the game; you and your fellow holders will be able to gather in the arena, fighting most ferocious bulls in order to win 2000 $NFTBull tokens and show who is our weekly matador.🤺 Events will be held weekly, as well as some daily tasks and activities which will reward you with our token! There is so much more to come as our developers are full of ideas to make this NFT market as interactive and entertaining as possible!🐂💰 + +\#NFTBull is already listed on CoinSniper and it will be listed on CMC in the upcoming days. (please join telegram for updates)🔏 + +# 💲Tokenomics: + +💵 Total Supply: 1,000,000,000 + +🔥 $NFTBull Tokens Initial liquidity pool: 20 BNB + +➰ 2% Auto-Liquidity fee + +🔄 2% Redistribution fee + +💷 4% Marketing fee + +🧊 Recommended slippage: 12-20% + +Contract address will be announced 19:00 GMT time TODAY! ([https://nftbull.store/](https://nftbull.store/)) 🐂 + +Join our telegram server and meet our team — [https://t.me/nftbulltoken](https://t.me/nftbulltoken) 📌 +I had 8,000 shares of thescore in my TFSA that I sold at 2.15 to prepare for a house I was about to buy in a few months. Felt it was too much risk because of the recent volatility so I sold. + +Three days later, it’s at 3.4. I held the stock for over two years and bought in at 0.48. Three. Days. + +Would make me feel a lot better to hear of some nightmare stories that are far worse than mine. + +Edit: thank you everyone for sharing both your misery and wise words of advice. I feel a lot better. On to the next one! +Today I am going to buy some shares to celebrate the lying sack of bones Ken Griffin’s birthday. + +What better way to celebrate the man than by allowing him the opportunity to dig that hole a little deeper. + +Need a whistleblower or two to say a few words as a speech honouring the scoundrel to the FBI. + +Anyway, buying today for family future wealth. + +Edit: holy moly thanks for the awards. + +Not financial advice, only my own little strategy 🥳 +I’m too young to remember the economic impact of 2008 but I’ve heard a lot of people compare our current situation to a potential catalyst for a 2008 like situation. What are peoples thoughts who went through that? My first thought is that no one saw 2008 coming which is why it was so bad, whereas everyone has known we are screwed for almost a year now. But as I say I can’t really remember 2008 that much +Amazon Prime membership costs are going up to $120 a year (from $100). Personally, I don't use anything other than 2-day shipping, and I order maybe 20 times a year so I don't think renewing my subscription is a worthwhile investment for me. NOTE: The student price remained unchanged at $60 a year. + +I strongly encourage everyone to look at how they use Amazon, and whether Amazon Prime is worth it for them at this new price point. + +Here's a link to ending your subscription if that is what you want to do: https://www.amazon.com/gp/help/customer/display.html/ref=aw?ie=UTF8&nodeId=201118010 +I've been "in" for 2 months now. It's been amazing. I dumped a pile of money into ETH in early March. And, actually it's bordering on life changing. I have more money than ever before. If ETH hits $1k, I could retire. Fucking hell. That's amazing. + + +Tonight, As we approach $100/ETH I decided to break the news to my wife. She knew that we had made a deep play into ETH but didn't have any numbers. But I wanted her to know the magnitude of our current achievement. We have 2 young children. + + +Somehow, it didn't go well. I honestly don't understand it. + + +Has anyone else had difficulty expressing what's happening here? The successes or the failures? I'm currently at a loss. Has anyone else had difficulty talking about this with their significant other? Any troubles discussing risk/reward? Or anything else for that matter? + + +Tonight has been a strange ride for me. On the one hand I can't believe we're about to crest $100. On the other hand, I feel alone. + +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. +My father passed away last year and going through paperwork my mom found a 2005 Fidelity statement that lists my father as having $44k in Citigroup stock and another $21k in a bond fund. She called Fidelity who said it was a “shell account” and offered no guidance as to where the money went or how she can find it. Nothing she has come across or received since his death sheds any light on where this money went. Any suggestions where to look or who to contact to find out? Thanks in advance +Full Article Here: [https://www.cnbc.com/2021/06/02/amc-plans-to-reward-retail-investors-with-free-popcorn-and-exclusives.html](https://www.cnbc.com/2021/06/02/amc-plans-to-reward-retail-investors-with-free-popcorn-and-exclusives.html) + +&#x200B; + +**On Wednesday, the movie theater chain launched a new portal on its website just for its retail investors. The site, which requires stockholders to self-identify and sign-up for the chain’s loyalty program, contains “special offers” and company updates.** + +One of those special offers is a free tub of popcorn. + +AMC’s retail investors have [propped up company since January](https://www.cnbc.com/2021/06/01/amcs-ceo-wants-to-use-the-meme-frenzy-as-a-springboard-for-growth.html), sending the stock up more than 1,400% in the last five months. Shares were up more than 20% in premarket trading Wednesday. + +The company said it had 3.2 million individual shareholders as of March 11, who own about 80% of the 450 million shares outstanding. Many of them were inspired by the r/wallstreetbets Reddit page to purchase the stock. The forum selected several companies that were being shorted by large hedge fund groups and decided to take action. + +CEO Adam Aron has praised these investors for their support. The company delayed its annual shareholders meeting by more than a month in order to give these investors an opportunity to attend the event and “make their important voices heard.” + +Aron and AMC both plan to [donate $50,000 to the Dian Fossey Gorilla Fund](https://www.cnbc.com/2021/05/07/amc-ceo-adam-aron-raved-about-its-reddit-investors-on-an-earnings-call.html) — a clear nod to these new investors, who call themselves apes and refer to Aron as “Silverback.” AMC also has shifted its communication style to speak directly with shareholders via social media, including YouTube. Aron has even taken a renewed interest in Twitter, “following” hundreds of accounts tied to the “ape army.” + +AMC Investor Connect is the next step in the company’s strategy of connecting with these investors. The platform provides shareholders with exclusive promotions, like free or discounted items and invitations to special screenings, as well as direct communications with Aron. + +“During my five-plus year tenure as CEO at AMC, I’ve taken great pride in the relationships I have forged with AMC’s owners,” Aron said in a statement Wednesday**. “With AMC Investor Connect, that effort in relationship building will continue apace even if our shareholders now number in the millions. After all, these people are the owners of AMC, and I work for them.”** +**Foreword** + +Before I begin this post, (this was initially designed for reddit but will be posted on HC too). For those unaware of IHL, I made a public summary in November 2020 on both reddit and HC back when the SP was 11.5c. You can find this writeup here. + +[https://www.reddit.com/r/ASX\_Bets/comments/jz5jm8/asxihl\_incannex\_healthcare\_biotechmedicinal/](https://www.reddit.com/r/ASX_Bets/comments/jz5jm8/asxihl_incannex_healthcare_biotechmedicinal/) + +A more updated and comprehensive writeup was written by a friend of mine, who is a professional trader and in the stockbroking industry who posted this massive writeup January 2021. If you are new to the stock and haven't read up yet, **I strongly recommend you to sign up and read the article to catch up on everything before jumping into this post.** You can find it here. + +[https://tradingformillions.com/were-back-folks-why-incannex-healthcare-is-growing-into-the-next-billion-dollar-behemoth/](https://tradingformillions.com/were-back-folks-why-incannex-healthcare-is-growing-into-the-next-billion-dollar-behemoth/) + +As per the title of the post, there is a lot that has happened with IHL over the past few months. In particular, the BOD made an **absolute master-stroke** recently, and it is my opinion that IHL shall soon enough be dual listed on the NYSE/NASDAQ and shall be valued as a US company on US markets, which boast far higher valuations than ours on the little old ASX. Let's begin. + +**EAS Advisors LLC** + +IHL appointed EAS Advisors LLC to facilitate a US listing on a MAIN MARKET. Not the shitty OTC markets that barely have any impact on their ASX counterparts, but a main market like the NYSE or the NASDAQ. It is my opinion that it will likely be the NYSE for a number of reasons. + +You can read the full announcement here. + +[https://stocknessmonster.com/announcements/ihl.asx-3A561000/](https://stocknessmonster.com/announcements/ihl.asx-3A561000/) + +The Principal of EAS Advisors is none other than Eddie Sugar. Eddie is a prominent Jewish Banker based in New York City, who has an incredibly extensive network and is tasked by IHL with facilitating introductions to US banks and institutions, with the aim of dual listing IHL on a US Main Market (NYSE/NASDAQ) + +Prior to the founding of EAS, Eddie was the Managing Director of Jefferies & Co. in New York from 1999 until 2008, responsible for international equity sales and trading. + +Prior to Jefferies, Eddie worked as Managing Director for Marc Rich & Co. in Sydney, Australia and as a personal and private advisor to Solomon Lew and his associated companies out of Melbourne, Australia. + +Eddie and EAS are incentivized by IHL with **10M 20c options and 10M 25c options.** As of time of drafting, the SP of IHL is 22c, but I will be posting this on 17/02/2021. + +**Twiggy Forrest?** + +Eddie is notably famous for being the man to promote Fortescue Metals (ASX:FMG) over to the US in 2003. Eddie knew Twiggy Forrest from their time together at Anaconda, and when Twiggy and FMG seemed to be in a dire situation and required capital and interest from overseas when none locally would back a seemingly failed entrepreneur like himself, Eddie stepped up to deliver. He helped promote the story of FMG to US institutions and investors, and raised capital to clear the debt of FMG. We all know what has become of FMG and Twiggy Forrest today. But not many know about the critical role of Eddie Sugar in ensuring that became a reality. + +Eddie can boast the likes of Twiggy and other billionaires in his network, and it is completely warranted to say that for a small cap stock on the ASX, this is almost unheard of. There is no doubt that Eddie Sugar and his team at EAS Advisors wouldn't stake their stellar reputation on a company that didn't have the ability to go the distance. + +**US v. Australia** + +There is a stark difference in the way equities are valued on the ASX versus our American counterparts in the NYSE and NASDAQ. Valuations are immensely higher there, partially due to the market size being the largest in the world and partially due to the willingness to partake in risk compared to Australian investors. As explained earlier, Twiggy Forrest needed Eddie Sugar to provide capital from US investors when no one else in Australia would believe in him and FMG. Eddie and the US Investors in his network were more than happy to support Twiggy, taking on more risk than most would be willing to chew investing in what was at the time a speculative mining company in Western Australia on the brink of being crippled by debt and unable to raise capital to continue further. + +If IHL is successful at dual-listing on the NYSE or NASDAQ, I would consider them a US stock and they should be valued as such. IHL mainly engages in cannabinoid drug development, and also in psychedelics endeavours. Thus they should be considered to be both types of companies. IHL's peers in US markets are currently valued much higher than itself, and demonstrates the difference between US investor appetite and risk tolerance compared to Australians. + +Keep in mind that IHL is also the FIRST MOVER for psychedelics in Australia, EMD has now since made aspirations to engage in psychedelics clinical trials but IHL was the first and more advanced and has Dr Paul Liknaitzky on our medical team to advance the trials, a world class researcher and the current leading authority on psychedelics in Australia. + +The NYSE has four standards which only one has to be met. The standard IHL could meet is a 200M USD global market capitalization. In AUD, this would mean 257M. The share price would be there at 25c. Not very far away at all. It is also possible IHL can list on the NASDAQ, like its biotech peers IMM, GTG. + +**North American Peers** + +**I: Compass Pathways (NASDAQ:CMPS)** + +Compass Pathways is currently valued at $1.8B USD, and had highs of over $2B USD. Which would be $2.3B AUD. They are currently conducting a Phase 2B Clinical Trial using psilocybin therapy for depression across 21 sites in 10 different countries. + +**Compass has over 10 bagged since IPOing in September 2020.** + +[https://ir.compasspathways.com/static-files/542bb3a1-c0e6-4f1b-87fa-5fd4f2fb7a6d](https://ir.compasspathways.com/static-files/542bb3a1-c0e6-4f1b-87fa-5fd4f2fb7a6d) + +In relation, IHL has planned Australia's largest ever clinical trial of psilocybin therapy for anxiety in collaboration with Monash University. This would be a Phase 2 trial and whilst a ways off from recruiting and commencing, the similarities to Compass are obvious. + +**II: MindMed (MMEDF:OTCQB)** + +MindMed boasts a valuation of $900M USD, and had highs of $1.27B USD. This would be $1.16B AUD. The company is engaging in LSD assisted therapy for anxiety, and is currently in Phase 2A of clinical development. Furthermore, they have successfully completed a Pre-IND meeting with the FDA for this project. + +[https://mindmed.co/news/press-release/mindmed-announces-successful-completion-of-pre-ind-meeting-with-the-fda-for-project-lucy/](https://mindmed.co/news/press-release/mindmed-announces-successful-completion-of-pre-ind-meeting-with-the-fda-for-project-lucy/) + +IHL is engaging in a similar task with its psilocybin assisted therapy for anxiety, and will certainly seek out the FDA for a Pre-IND meeting just like MindMed when the time is right. IHL is actually about to meet with the FDA along with their consultants Camargo for a Pre-IND meeting regarding their drug IHL-675A for ARDS. A successful meeting with the FDA here would be immensely valuable to the future. + +**III: Cara Therapeutics (NASDAQ:CARA)** + +CARA is a clinical stage cannabinoid biotech company, which boasts a valuation of $1B USD. This would be $1.28B AUD. They have multiple clinical assets being developed, some in phase 2 and others in phase 3 human trials including post-surgery pain, itchiness and chronic kidney disease. + +IHL is similar in that they are targeting markets such as ARDS, Obstructive Sleep Apnea, Traumatic Brain Injury and Asthma with TAM over $1B each. The former three have no existing pharmacotherapy and therefore no drug related competition. This cannot be said for CARA. However, CARA is significantly more advanced being in Phase 2 and 3 human trials whilst IHL has completed the preclinical stages for ARDS and TBI, and is looking to progress to human trials. For OSA, IHL is currently recruiting for a Phase 2B human trial and looks to commence that imminently. + +**IV: GW Pharma (NASDAQ:GWPH)** + +GW Pharma was the leading company in the world for cannabinoid biotechs, creating the world's first legally approved cannabinoid medicine Epidiolex. **It was bought up by Jazz Pharmaceuticals for a total of $7.2B USD. This buyout had two huge ramifications for the industry.** + +Firstly, it created a valuation for a single cannabinoid based drug who had only engaged in a few years worth of sales. + +Secondly, it validated the idea that Big Pharma was interested in Cannabinoid based drugs, and that it was no longer just a pipe dream and **novel** CBD based drugs could indeed be considered worthy by Big Pharma. + +IHL is heading down this route with 4 different target markets and drugs unlike GW Pharma's one, with the addition of its psychedelics endeavours that add enormous amounts of value to the company. Whilst a very long ways off from GW Pharma and their achievements, it is obvious what IHL is attempting to do. US Investors understand this, and in my view far more than the ASX which loves the big banks and digging metal out of the ground. + +**Final Thoughts** + +IHL is developing a portfolio of clinical assets that appear appealing to Big Pharma. This thought is backed by the decision of IHL to create novel cannabinoid drugs in areas where there is no existing pharmacotherapy. However, with new advancements into the psychedelics sphere and the decision to engage further in markets such as Asthma IHL is expanding its horizons significantly. + +If IHL is successful at even one of their pursuits, it is obvious that there is another potential GW Pharma in the making here. + +**Even before commercialization possibilities, IHL is arguably an amalgamation of Cara Therapeutics, Compass Pathways and MindMed. All three boast roughly $1B USD market capitalizations. What does that make IHL theoretically worth? Currently sitting at a measly $230M AUD MC.** + +**Connect the Dots. IHL has assembled a world class team, with top tiers across all roles. Eddie Sugar was a master-stroke, and if dual-listing is successful there is no doubt that this stock is heading to $1 aka $1B+ AUD market capitalization and further beyond.** 🚀🚀🚀 +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! + +Since my first post that was almost 11 weeks ago raising concerns about the “upcoming” dapps on Cardano, there have been no news on this. + +I was not only personally insulted in PMs, called a FUDer and an liar by the vast majority of Cardano holders, but was also told that Cardano dapps would be running 1 week after Alonzo Fork and dexes like Sudaeswap and ERGO would be fully functional any “moment” after the Alonzo Fork. + +So, are there any news about that?? Did the concurrency problem get resolved? If yes, why are there no functioning dexes on Cardano yet? Can someone from the Cardano community enlighten us please? +Hi everyone, hope you're doing well. + +First of all - sorry if you've read this title and thought "aw piss off". This really isn't intended to be a boastful post, I'm just wanting some advice on how to better manage/set up what might become an unexpected business. + +I've been making YouTube videos since 2008 and this past month I have finally had my 15-minutes of fame. I don't know how long it will last, but there seems to be a lot of interest in the videos I'm making because as a collective, they received 20 million views this month. I'll be paid for those views next month. + +On the off-chance that this streak of luck does continue, I was wondering what the best way forward is as I'm currently just a sole trader splitting the profits 50/50 with my brother (who I run the channel with). I'm assuming this is not the most savvy or tax efficient way to proceed. + +I was therefore wondering, should I start a limited company and is this hard to do? I looked into it and got quite overwhelmed. I was going to ask my accountant about this, but they're currently very busy with tax returns. + +My financial goals (right now) and the way we run this channel are quite simple. We pay other people to write scripts and edit the videos, then pay ourselves whatever is left over. I have a mortgage of £100,000 that I'd like to pay off (I know that over payment would return more invested, but I'm prioritizing the peace of mind from owning my house outright). + +I don't really know what else to share. If you have any advice I would really appreciate it and if you have any questions, I'd be happy to answer them. + +Thank you! + +edit - sorry for the delay in responding to comments... forgot the password for this throwaway! Really appreciate all the helpful and largely positive responses. +Hello, I am 22 years old, a female in college graduating next May, and I want to make sure I don’t have the same problems my parents did. They struggled my entire life living paycheck to paycheck. I want to have kids in the next 10 years and i do not want that problem when I am considering having kids. I need to be financially stable or else I will not have kids, which is scary to me because being a mom is my dream, but I won’t do it if I can’t afford to. +During covid I worked essential jobs to pay off 11,000 dollars of credit card debt. (I spent a lot of money on dumb things years ago when i was severely depressed, i do not have a spending problem or anything). I have no debt now (besides school loans) and I am lucky that my dad does not make me pay rent for living in his house, which I plan to live at for a few more years as it’s just me there living alone. My monthly expenses are about 750 a month as I am very cheap lol. I make about 1800-2000 dollars a month right now. So my question is, what do I do now to set myself up in the future to not struggle/get rich? I have some stocks that are not doing well, I don’t really know how the stock market works. But i’m saving money and i’m good at it, and I have about 4,000 dollars in my savings account. Is there something else I should be doing or setting up besides just saving money in my bank account? Do I buy more stocks? Cryptocurrency? Roth IRA or whatever they’re called? How do I research or learn about how to be smart with money when I have no one I can ask or get advice from? +As a mid 20’s year old I finally find myself with a career that finally can pay the bills and do the things I want to do in my life. Naturally I’m looking into the future to further the things I want to do / retire sooner etc etc. as the “meme” stock crazy started I found myself wanting to play around in the market as I finally could. I messed around with DOGE, AMC etc but I finally wanna make actual wise moves. My friend told me to come here. I have looked into VOO, looked into VTI, SPY, QQQ, etc. my question is, after doing some research, that most people say the market is overvalued. I understand history says to not over think it. Is this a good time to buy in, in a large amount? Should I wait for a large dip? Generally need some reassurance that I can dump a relatively large amount into 1 or 2 ETF’s is a wise move. Simply I want any sort of gain that is better than a savings account. Anything at all will be helpful. I apologize in advance for coming off dumb or uninformed. Really want to start learning and I feel as though I don’t know where to start or what to listen to. Thank you in advance. +After weeks of hardwork for writing backtesting and actual trading code. I have successfully deployed my first ever algotrading system. Its fully automated options trading system and also send daily trades executed reports at an end of day. Thanks to this sub, I got answers to lot of my doubts. Adding last 2 days pnl ss. +Cheers. +I was called by a Branch Manager over the weekend, and I have now had the Division President of this company negotiating with me over the last two days. I stated that I am very happy with my current position and incentive to change my situation would have to come in the form of a handsome compensation package. He asked what I was making now and I told him to stay in his own ballpark instead of mine... + +The offer is currently 26% more than my current base salary, which covers my current cumulative bonuses over a years. His bonus structure doubles what mine is now. PTO nearly doubles my current... 401k has matching... etc. Every aspect of this offer so far is massive compared to the same position at my current company. + +So here I am. My move. I have thought of asking for even more since they are aggressively coming after me. I have also thought of presenting the offer to my current company and telling them "I don't want to leave, but..." + +Any thoughts? Longterm or short? All is welcome. +Don't be tempted to take out a mortgage with UBank to save a few dollars. I would pay thousand to avoid the heartache I've suffered. Recently I was locked out of my account. I've spent about 10 hours on the phone trying to find out why. Last night I discovered for myself. I have never dealt with a worse, more incompetent organisation. + +https://preview.redd.it/isc6pvxbpfa91.jpg?width=1418&format=pjpg&auto=webp&s=975f46b845bc54f93342b6585851de21805c3c60 +Comparing all the FAANG stocks it seems that GOOGL and FB are fairly valued compared to everything else. I guess FB is spending alot of Capex on their Metaverse idea and there no guarantee its a big hit. However, what are your guys thoughts on GOOGL at these $2850-2950 levels. + +We have Google Maps, Play, Search Engine, Youtube to name a few and their cloud segment which has been lagging compared to Azure/AWS but still growing at an incredible pace at 45% this year in the past quarterly report. Its not going to double overnight obviously but I see it beating the SPY for the time being. The only thing I see stopping this company is monopoly/anti-trust issues. +I have been trading for 2 years now and im still not comfortable with any strategy i pick. Not seeing them as a true edge. After 20 or 25 trades i get profitible but i still feel it was just pure luck. Using 2:1 or 1.5:1 im always around 50% after 20 or 25 trades i move to a different one since it feels its 50/50 so i look for a more friendlier one to follow. Maybe trying lower timefrsme when I get no trades opportunities to rerurn back to where I'm specially after 4 or 5 losers in a row. + +Not sure what im looking with this post. I guess to find out if someone else is in this ending cycle and how to get out i guess. +Good morning Apes of the world. + +I do believe that Wall St started to package entire neighborhoods in to CMBS... They are essentially wrapping up entire neighborhoods and calling it "CMBS". This has artificially kept the prices of housing/rents up. + +The FED... Pays money to "member banks" to pass through to the real consumer and economy. Instead... Wall St has been hoarding all the homes to rent. + +[https:\/\/www.law.cornell.edu\/definitions\/index.php?width=840&height=800&iframe=true&def\_id=8cb5043e32d209ecdee586c941b54418&term\_occur=999&term\_src=Title:12:Chapter:II:Subchapter:A:Part:223:Subpart:B:223.11#:\~:text=Member&#37;20bank&#37;20means&#37;20any&#37;20national,part&#37;20of&#37;20the&#37;20member&#37;20bank.](https://preview.redd.it/i7mooguu1t391.png?width=681&format=png&auto=webp&s=376c8552b08cdc485a0d4bdf0760eea45e1b7969) + +Please see my speculation post from yesterday if you have not. + +[https://www.reddit.com/r/Superstonk/comments/v4zsf4/speculation\_wall\_st\_is\_hiding\_mbs\_in\_the\_cmbs/](https://www.reddit.com/r/Superstonk/comments/v4zsf4/speculation_wall_st_is_hiding_mbs_in_the_cmbs/) + +The CMBS etf top hodlings are FHLM... + +[https:\/\/finance.yahoo.com\/quote\/CMBS\/holdings?p=CMBS](https://preview.redd.it/cfyzw0ypus391.png?width=701&format=png&auto=webp&s=d34e43c6468a0bafbed08361079240c14aefd132) + +[https:\/\/www.rocketmortgage.com\/learn\/freddie-mac](https://preview.redd.it/xgp1cpm8vs391.png?width=714&format=png&auto=webp&s=79f9ea5f05ac573bc981e261fc539c2e27a1a476) + +The FHLM corporation was started in the 1970's to help American's get homes. Instead... we find the Loans in the CMBS basket. + +What is CMBS? + +[https:\/\/www.blackrock.com\/us\/individual\/products\/239459\/ishares-cmbs-etf](https://preview.redd.it/bulv8jjmvs391.png?width=968&format=png&auto=webp&s=f965dc41daeefaa745f4e0842535652ec70ebdc1) + +[https:\/\/commercialobserver.com\/2021\/11\/cerberus-capital-management-firstkey-homes-morgan-stanley-cmbs-single-family-rental-housing\/](https://preview.redd.it/s3se4b0xvs391.png?width=835&format=png&auto=webp&s=d05288dd8706b45ac0952d21bb2f683fe013d4e9) + +See above, Morgan Stanley wrapped up 2,106 homes in a neighborhood and sold them to "First Key Homes" as MBS. MS took 2,106 Mortgages, and wrapped it in to one portfolio, which makes it "CMBS"... + +[First Key Homes did a $600 million deal to acquire 2,106 homes...](https://preview.redd.it/ijtkm8y8ws391.png?width=683&format=png&auto=webp&s=f64b5742694feacf2d0d6956d6250865e9b0753f) + +Below is a $65M deal on an entire Denver Rental Community.... + +[https:\/\/commercialobserver.com\/2022\/05\/cibc-huntington-bank-lend-65m-on-denver-area-single-family-rental-community\/](https://preview.redd.it/xqfyyzyo3t391.png?width=852&format=png&auto=webp&s=ded3aded0fb8ba143b143f93631b5994dec9d20b) + +[https:\/\/commercialobserver.com\/2021\/11\/starwood-property-trust-barclays-goldman-sachs-fitch-ratings-cmbs-florida-affordable-housing\/](https://preview.redd.it/fbcifbax3t391.png?width=858&format=png&auto=webp&s=2ac7ed2b6d47a5f74473b345e5d36d6a366a111d) + +[https:\/\/nypost.com\/2022\/05\/11\/goldman-sachs-backed-firms-buy-entire-florida-community-for-45m\/](https://preview.redd.it/wnh8tp1l8t391.png?width=772&format=png&auto=webp&s=05b0c956b74ab20eba374845072c0a161213609e) + +The list goes on... + +Who issues CMBS? + +[https:\/\/www.trepp.com\/hubfs\/Trepp\_CRE&#37;20Direct&#37;20CMBS&#37;20Award&#37;20Winners&#37;202020-1.pdf](https://preview.redd.it/cvzvqpi0xs391.png?width=748&format=png&auto=webp&s=040805e16d3022b923da5b6f1290836400472472) + +It's the same FED member banks... these are the banks that the FED gives money to, to spur economic activity. Rather than pass the funds on to people to purchase homes... they are wrapping up neighborhoods and passing them off to Private Equity firms. + +JP Morgan has 17% of the market share, followed by Citi and Goldman. + +Below is the Private Equity firms buying all the CMBS from the member banks... + +[https:\/\/www.trepp.com\/hubfs\/Trepp\_CRE&#37;20Direct&#37;20CMBS&#37;20Award&#37;20Winners&#37;202020-1.pdf](https://preview.redd.it/8l83gcbfxs391.png?width=751&format=png&auto=webp&s=417ae119512993fc8021c7b48578cee0c56745e2) + +KKR are the biggest, with $6billion plus in this space... + +This CMBS market is almost $4 Trillion in size.... + +[https:\/\/www.wealthmanagement.com\/investment-strategies\/cmbs-market-musings-securitization-finding-its-footing](https://preview.redd.it/t8gukuutxs391.png?width=817&format=png&auto=webp&s=a91984bd755e5a714ee0fdddf19f08e87b923139) + +Issuance increased from 2020 to 2021.... they just cant help it... + +[In 2020 issuance slowed down and increase in 2021](https://preview.redd.it/fqevkh9zxs391.png?width=787&format=png&auto=webp&s=b3b7353781588d481107ff45a1566782eb10e686) + +But single family home CMBS was around 67% of all deals in the first half of 2021. + +[Wells Fargo notes that multi family homes make up 50pct of this market.... ](https://preview.redd.it/lq9djdpbys391.png?width=807&format=png&auto=webp&s=4de7b24db1a18f9d9023c02aaf97af415bf50afe) + +**TLDR: Member banks are wrapping entire neighborhoods and passing them off as CMBS.** + +[https:\/\/therealdeal.com\/2022\/02\/16\/flood-of-single-asset-deals-propels-cmbs-market-to-14-year-high\/](https://preview.redd.it/ts0ut4rlzs391.png?width=544&format=png&auto=webp&s=dc973e6add5550f01430191875cca276a2766a62) + +**No sell until the people get the homes back...** + +https://preview.redd.it/81790i7f0t391.png?width=873&format=png&auto=webp&s=e8b1dd5bc94903376eea3f448db32c7355350ba2 + +Its no wonder we cant afford homes... and the FED invisible hand is the only thing sustaining the prices... it's sickening... I hodl until these banks are zero'd out, and then I don't sell. + +[https:\/\/www.federalreserve.gov\/aboutthefed.htm](https://preview.redd.it/cks63yxs2t391.png?width=569&format=png&auto=webp&s=1c0bca808a598092cc75e96a6163a3d5ce37b2ea) + +The FED claim they care about "The Public Interest"... DRS and Hodl.... + +and if you did not know... the FED billed us $457m last year for their services. + +[https:\/\/www.federalreserve.gov\/newsevents\/pressreleases\/other20220114a.htm](https://preview.redd.it/5xuk3rhi5t391.png?width=645&format=png&auto=webp&s=9fa6bac80c50c30f7307695c08cfeaa578dcdb82) + +The FEDERAL reserve banks had net income of $107.8B, they returned $107.4B and kept $457 million. + +[https:\/\/www.federalreserve.gov\/newsevents\/pressreleases\/other20220114a.htm](https://preview.redd.it/5b44mz176t391.png?width=622&format=png&auto=webp&s=1ee3f863bc4dbe958d59eaee41f5cfea3c89c2ef) + +The FED billed the U.S Taxpayer more than $1bn last year... + +**But the best news about this is the FED is refusing to help - they own less than $9BN in the space... Big Banks are on their own this time... If the FED steps in to support CMBS in the future, this will be at 100% Ponzi scheme level (opinion)...** + +[https:\/\/www.federalreserve.gov\/releases\/h41\/current\/h41.htm#h41tab1](https://preview.redd.it/csi4gsrlbt391.png?width=732&format=png&auto=webp&s=1e7fec208ceca2660243bc8bbaeeaba150493a9c) +**Quick reminder of some of the longer term fundamentals supportive of higher ETH prices over the next 6 months:** + +*Please feel free to add anything that may have been overlooked* + + +**Ethereum dev team continues to work hard in the background:** + +>https://github.com/ethereum/pm/blob/master/All%20Core%20Devs%20Meetings/Meeting%2019.md + +>https://github.com/ethereum + + + + + +**Due diligence coming to ICO’s** – informs investors and raises the quality: + +>https://media.consensys.net/introducing-consensys-diligence-cf38f83948c + +>https://icomonitor.io/#/ + +>http://icorating.com/ + + + + + +**Hedge fund money coming & Major VC investors believing in ethereum**: + +>https://www.youtube.com/watch?v=2wyC9AEUoYI + +>https://news.bitcoin.com/hedge-funds-investing-in-cryptocurrencies-exploding-62-in-pipeline/ + +>https://www.forbes.com/sites/laurashin/2017/07/12/crypto-boom-15-new-hedge-funds-want-in-on-84000-returns/#320ef0ca416a + +>https://www.coindesk.com/press-releases/25-million-cryptocurrency-fund-launches-capitalize-internet-future/ + + + + + +**Interoperability is coming** – Oracles and integration platforms are all being built: + +>Explanation: https://blog.ethereum.org/2014/07/22/ethereum-and-oracles/ & https://blockchainhub.net/blockchain-oracles/ + +>http://www.the-blockchain.com/2017/05/05/oracle-machine-aeternitys-solution-industrys-vital-challenges/ + +>http://www.the-blockchain.com/2016/03/30/smart-token-chain-announces-blockchain-system-integration-platform/ + +>https://smartcontract.com/ + + + + + +**Regulation-compliant businesses** coming online: + +>http://www.the-blockchain.com/2016/09/14/kyckrs-rolls-identity-blockchain/ + +>https://ledgerx.com/ + +>https://www.cnbc.com/2017/08/02/cboe-bitcoin-futures-winklevoss-brothers-digital-currency-exchange.html + + + + + +**ICO funding reaches $ 1.652 billion:** + +>https://www.coindesk.com/ico-tracker/ + + + + + + + +**Metropolis (Ethereum for the masses) imminent:** + +>https://medium.com/@pirapira/impressions-on-metropolis-fe64251b4175 + +>https://np.reddit.com/r/ethtrader/comments/6jwyhw/metropolis_ethereum_30_final_testing_underway/ + + + + + +**Raiden (scalable, low latency, low cost token transfers) imminent:** + +>https://github.com/raiden-network/raiden + + + + + +**Devcon in 85 days:** + +>https://ethereumfoundation.org/devcon3/ + +Often, I see comments where readers ask or claim there are extra returns from DRIP on certain ETFs that have been forgotten or need to be considered. + +If the data came from the ETF in question, they have hypothetically reinvested all dividends when making their calculations. In fact, if you are not planning to DRIP you should discount these ratios rather than assume they could be more. + +From Vanguard: + +“ Total return figures take into account not only the increases (and decreases) in the prices of the shares you own but also the value of any payouts you received. (It also assumes these payouts are reinvested and continue to grow.)” + +“Figures include reinvestment of dividends and capital gains but don't reflect the effect of any sales charges or redemption fees, which would lower these figures.... Past performance cannot be used to predict future returns.” + +“ Returns are net of expenses, excluding loads and taxes. ” + +For Canadian listed Vanguard ETFs holding US funds, the total now also excludes 15% withholding tax. + +“ Effective August 4, 2020 the index methodology was revised to reflect a 15% foreign withholding tax in index performance. Index performance shown from December 1, 2016 has been updated to reflect this foreign withholding tax.” +JP Morgan has closed down the bank account of Uniswap's founder Hayden Adams, a software engineer and tech entrepreneur. + +[He says not only him, but many others have been targeted just because they work in crypto. ](https://preview.redd.it/8c8d6t86zgd81.jpg?width=1168&format=pjpg&auto=webp&s=3e16db3fa7579cc6fbb2b0b9c75b26af8336dfc0) + +This is an abusive display of power. + +Uniswap is a multi-billion market cap trading platform that does revenue comparable with the likes of Robinhood. + +Banks shutting down accounts of individuals just because they work in what could be perceived as a competitor industry should never be tolerated. +I am just 20 years old and its almost 12 am here and it just hit me right now. My father worked 2 jobs from 5 am to 10pm 6 days a week and mom did all the house chores and had a full time job as well. When I was a kid I never appreciated it. In fact, I felt I was very unlucky compared to other kids whereas my parents worked their ass off to make payments and pay for my fees. I never really understood their struggle as they used to always hide it. I never probed because we as a family didn't have much communication. + +What I wanted to say is that kids might never appreciate what you do. In fact, I once told my parents I was ashamed of our situation. Now that I think about it, I feel like crying because it must have hurt them a lot hearing that from me. I still cannot thank them for everything they have done and I don't know when I will be able to tell them but, to all the parents out there, your kids will not understand the struggles you are facing. It will only hit them like it hit me literally right now. And, some may even not tell their parents how much they appreciate it just like me. I hope I can get the courage to tell my parents soon but yeah you guys hand on. One day it will hit your kids and they will appreciate all the hard work you are doing. + +I hope this post reaches to all the parents out there. Thanks a lot for taking care of uptight kids like me. You guys are the best. +What to Look for Before Purchasing Stock Technicals + +Support levels, micro(15,30,1hr,4hr) and macro(daily,weekly, monthly, yearly). + +Resistance levels, micro and macro(same as above). + +Trend(is it bullish, bearish or currently consolidating)? + +• Make sure to look at micro and macro scales + + +Mental stoploss (should be near the bottom support level on the trend that you are looking at). + +Candlesticks (what are they telling you?) + +Volume(is there alot of liquid in the stock?) + +Float(how many shares are available to trade of that stock?) + +Short intrest(how many shares are soldshort, is a shortsqueeze possible, why/why not?) + +Moving averages(where is the stock in relation to these averages?) + +RSI (is it overbought or oversold?) + +Patterns (do you notice any bullish or bearish patterns?) + +Fundamentals – can be found at finviz.com +1.PricetoEarningsRatio(P/E) + +• Use within same sector to compare companies, compare it to the average PE of the sector + +• “What you pay for 1$ of company earnings” + +• Want the PE BELOW sector average. + +2. Price to Book Ratio(P/B) + +• If the PB is less or equal to 1 (1>x), the stock is trading at/below the value of its assets. + +• If the PB is greater than or equal to 1 (1<x), the stock is trading at/above the value of its assets. + +• Use this to compare companies within the same sector + +• Current share value ($) / (equity/share) + +3. Price to Earnings to Growth(PEG) + +• Good to use on a company with rapid growth + +• If PEG is less than or equal to 1 (1>x), company is undervalued. + +• If PEG is greater than or equal to 1 (1<x), the company might be overvalued. + +4. Return of Equity (ROE) + +• “how well a company generates earnings” + +• 17-20% = very good + +• 20-25% = excellent + +• 25%+ = superior + +5. Debt to Equity Ratio + +• Try to avoid companies that have a ratio greater than 2. + +6. Current Ratio + +• “the ability to pay short term and long term debt” + +• x>1 = liability > assets + +• x<1 = liability < assets + +• x>3 = holding back + +7. SEC Filings + +• File 4 = acquired/disposed of shares by insiders + +• File 8/10K, looking for management optimistic/bullish + +Financials + +1. IncomeStatement (Revenues & Expenses,P&L) + +• Revenue = driven by price and quantity of the product sold. + +• Costs of goods sold = price of labor, materials, etc. + +• General and Administrative Costs = price of sales people, utilities or rent). + +• that takes you down to operating profit or EBIT + +• from there you subtract out your interest expenses (amount of interest you pay for debt) and your taxes (companies have an effective tax rate) to get to your 'Net Income' + +• Financial institutions like to look at a metric called EBITDA (Earnings before Interest, Taxes, Depreciation & Amortization) which is a semi proxy for free cash flow + +• its essentially your operating earnings adding back Depreciation and Amortization which are non cash expenses + +• Depreciation (think of buildings, you have a building worth $100 and you depreciate it over 5 years so goes down by $20 every year but its not a true expense so you add it back + +• Amortization is for intangibles think like Intellectual Property + +2. BalanceSheet(Financial position at a given point in time) + +• Balance Sheet (financial position at point in time). Assets = Liabilities + Owner's Equity + +• That's the very definition + +• On the Assets side, you have Cash and equivalents (could be short-term treasuries that you can convert to cash pretty quickly usually within a year), Accounts Receivable (what a client owes you in credit), Inventory, PP&E (think like machinery for industrial companies). Liabilities is primarily A/P (what you owe ), Debt, both short and long term among others + +• then Owner's equity is Common Stock, Retained Earnings (Net Income - Dividends paid to date) flows from Net Income on income statement + +3. Cash Flow Statement(cash flow from operations, financing and operations) + +• Cash Flow Statement, 3 main ones are Cash Flow from Operations (pretty straightforward what this means, day-to-day cash outflows/inflows) + +• Cash Flow from Investing (CapEX is the big one here, represents purchase and sale of equipment, plant, properties, etc.) also outflows from acquisitions or inflows from sales show up here • Cash Flow from Financing is how the company raises money, you issue stock, you issue debt, and you get money + +• companies can also repurchase their stock to lower number of shares outstanding, shows confidence in the stock + + +Edit: YOU ALL ROCK THANKS FOR THE WARM WELCOME TO YOUR SUB. + +I was just trying to help out some people and the wave of emails that I sent out to you all was over-whelming, but I am happy to do it! If a mod wants to DM me so I can personally verify with him/her that I am NOT a scammer, would be appreciated. Just altruistic and believe knowledge is power. +In the USA. As title states. I make $34,000 after taxes. Decent credit, around 740 and continuing to build with good habits. Saving money is no issue for me as I’ve always lived frugal. I’m no computer wizard but know basic things and would possibly be interested in learning something in the field that doesn’t require a degree. Would like to learn a trade that is not super physically hard on the body, have been reading up about plumbing. College is out of the question for me but have been looking at several trades. Currently live with parents but pay my dues. No kids, no spouse and really just want to get my shit together now. Was planning on putting a down payment on a house in the near future but doesn’t seem like a good idea now as my income is shit, was blinded by the fantasy of owning my own home. Recently opened a Roth IRA and will likely start investing in 2 or 3 ETFs for long term earnings for retirement. I would like to start investing in real estate rental properties as well in the future when my income is better. Those who have their life together, what advice would you give? +Since y'all haven't had enough of the city relocation posts. I see a lot of these posts where buying a home/schools for kids is a factor, which isn't important to me at this phase of my life. +Senior lawmakers and members of the Trump administration early Wednesday came to an agreement on a massive stimulus measure to try to keep Americans whole as the economy shuts down due to the coronavirus. + +“Ladies and gentlemen, we are done. We have a deal,” White House aide Eric Ueland announced at the Capitol just after midnight. + +White House officials said the measure will cost about $2 trillion. + +Negotiators worked all day, with Treasury Secretary Steven Mnuchin and incoming White House chief of staff Mark Meadows shuttling between meetings with Republicans and then Democrats. + +The package includes direct deposits for all Americans, $367 billion for loans to small businesses and an unprecedented program that will allocate $500 billion to the Treasury Department. Some of that money will be used to guarantee a Federal Reserve loan program for small and medium-size businesses. Larrry Kudlow, director of the White House’s National Economic Council, said the funds could be leveraged into $4 trillion of lending through the Fed. + +Most adults would receive direct payments of $1,200, while children would see $500 checks. Hospitals would receive some $150 billion under the deal and small businesses would get $367 billion in aid. + +https://www.marketwatch.com/story/senate-talks-continue-on-massive-coronavirus-stimulus-as-final-agreement-proves-elusive-2020-03-24?mod=home-page + + +Was attending a weekend wedding at a beautiful hill station in North India. As is the case, Indian weddings are a few days' affairs, and the Professor had specially flown down for the wedding. It was an opportunity for me to understand the views of the learned professor on the American markets, as he was an active investor too. + +&#x200B; + +So I asked a few questions, heard his views and when it was my turn to speak, I said that “American markets are rigged against the retail” and “Too many loopholes exist for the powerful hedge funds to exploit the rules, to which the regulators turn a blind eye, or let go the rule-breaking with a slap on the wrist fines” + +&#x200B; + +And then I dropped the big one, that I learned from the DD here. “Do you know that as an investor, you are not the owner of the shares that you have bought? Be it Apple, Microsoft, Tesla, or any other stock, you are only a beneficial owner of the shares and the difference between the market price and your buying price is your profit or loss, but the actual ownership of the shares do not belong to you, but to CEDE & Co.?” + +&#x200B; + +I don’t think that is true he replied. + +&#x200B; + +O.K. Check it out whenever you can and then we can discuss it later. + +&#x200B; + +The next time I met the professor, I spoke about GME, Overstock, how the short hedge funds connive to short the company into bankruptcy, printing fake shares, the FTD’s, fake reporting of positions, abuse of market maker privilege, lax enforcement of rules by FINRA, DTCC, SEC, etc, …. and what is now happening in GME. + +&#x200B; + +I explained that GME in my view based on data and objective criteria was among the life-changing investment opportunity. I spoke about Ryan Cohen, how he took on Amazon, Walmart, Costco, etc with his startup Chewy and sold it for 3 billion dollars. And with a new team of board members and executives, GME bought back shares, and then issued fewer shares netting 1.7 billion dollars, that it had closed non-performing stores, increased product offering, opened two new fulfillment centers on the east and west coast, and was working on blockchain-related initiative and was likely to offer a NFT dividend. + +&#x200B; + +The professor heard out and maybe checked up the story. He messaged me later and told me he was in for 50 GME. Am in touch with the professor still. A few days back, he told me he is adding another 20 more. + +&#x200B; + +When the DD is compelling, investing in GME is a no-brainer. + +&#x200B; + +**Buy. Hold. Shop. DRS.** +Okay, need some advice here. This is my first tenant. He's been in the property since May. Rent is due on the 15th. He messaged me on the 14th and told me there was an issue with his paycheck, he had already reached out to his employer and they're correcting it and he'd pay rent late. I told him no problem, the late fee has a grace period anyway. Well, today the grace period expired and my online system applied the late fee ($90; 5% of rent). Now, I feel like I should waive it as he gave me a heads up. BUT previously he was paying by money order and mailing it to my house (which I finally got him to stop doing and now he pays through the online portal) and so it was _always_ ~5 days late. Which, I'm not stupid I know that the mail works faster than that, but I was fostering good will and also not trying to delay myself getting paid so I was removing the late fee from the online system once the deposit cleared my account. Last month was the first month he paid "on time" (within grace period). So, do I waive the late fee this month and tell him it's the last time regardless of circumstance? Or do I have him pay? +The second covid vaccine gave me chest pain, so after calling my doctor, I ended up going to the emergency room. The triage fee just to enter the emergency room was over $5,000 and there was an extra $1,000 on top of that in services. The chest pain ended up not being a big deal and as promised it went away after a few days. + +I got the vaccine hoping it *wouldn't* cost me money. Our insurance covered a large part of the bill. We still owe about $2,500 which will drain our entire HSA account. We were hoping to get pregnant soon and this will set us back. + +I tried googling it and I only found some vague articles saying the only government aid for covid was for uninsured people. But they all seem to be hearsay. +I’m <25 years old. Unmarried. No kids. 6 months into my first full time job. Monthly pay is $4800. I am 100% debt-free with a fully funded Roth IRA (I max it out at the beginning of the year) and I contribute 25% of that $4800 to my company 401k with no match. I live in a VHCOL area in the northeast and I’d like to purchase a home before 30 but I also really want to FIRE so I can retire before 50. + +My net worth is $30,000 right now, but more than 2/3 of that net worth is invested. In terms of actual cash, I have less than $10,000 and that’s all basically just my emergency fund. I haven’t even started on a down payment. I’m only 6 months into my role but I’m wondering if I’m investing too aggressively to be able to purchase a home by 30. I will need around $100,000 for a down payment of 20% and probably more as prices continue to rise. As a single person, if I get no raises, it will take me at least 10 years to save that. I’m trying to figure out how to strike the right balance between my home ownership goals and FIRE goals and I need some guidance. +Transactions worth Rs 21,000 crore over four years (2015-2019) done mainly to siphon off funds; falsifying records; a Rs 1,100-crore loan from a “brother to a brother” that violated basic fiduciary norms; sales worth Rs 9,000 crore to over 160 customers who are bogus or do not exist, inflated bank balances and a string of defaults — these are among a slew of alleged irregularities highlighted in the forensic audit of bankrupt travel firm Cox and Kings, The Indian Express has learnt. + +Records of the audit, done in February 2020 by PricewaterhouseCoopers (PWC) at the behest of lender Yes Bank, and official records accessed by The Indian Express detail how the company allegedly fudged records and window-dressed its figures. + + +The travel and tour company owes Rs 5,500 crore to banks and financial institutions and was one of the top borrowers of Yes Bank Ltd when co-founder Rana Kapoor was heading it. + +Yes Bank has an exposure of more than Rs 2,267 crore to Cox & Kings Group. Last month, Ajay Ajit Peter Kerkar was summoned for questioning by the Enforcement Directorate (ED) in connection with the money laundering case against Kapoor. + +Kapoor, currently lodged in jail, is accused of taking kickbacks in lieu of granting loans to several companies that have now defaulted on repayments. + + + +https://indianexpress.com/article/business/companies/cox-and-kings-audit-uncovers-siphoning-of-crores-fudging-of-records-and-bogus-sales-6376665/ +If you’re planning on selling to “cover your initial investment”, consider this; + +When GME hits these numbers in the title, it means DFV is right. It means all the DD is right. It means the the ape “theories” are no longer theories. It means that the $10,000,000 floor price apes have set is fair. + +When GME hits 4 figure, 5 figure, 6 figure, 7 figure numbers, you know that this gamble is no longer a gamble. It’s a guarantee. So why sell yourself short? Why jump off at the moon when the rocket is going to Pluto? + +Not financial advice, not telling you what to do. Just ask yourself why you would sell yourself short. Know your worth. + +Fu*k the rocketship, we’re going to need a goddam flying saucer 🛸 +New apes are welcome here ! I've been here since Jan. 13, following all the facts & speculation, but in this post I want to mainly focus on just the facts that we know so that we can see for ourselves how everything points towards the Mother of All Short Squeezes coming in the future. (Update: Happy to say every single fact has now been linked to sources or due diligence.) + +TLDR: Absolute confirmation from the SEC that the squeeze was never squozed in the first place, and when you combine that with the absolute facts that we've collectively acquired in the past ten months (see the numbered lists below), it's clear MOASS is coming. + +&#x200B; + +1. [Gamestop in Jan. is the ONLY stock with short interest over 100%](https://www.reddit.com/r/Superstonk/comments/qavgl5/biggg_gme_is_the_only_stock_that_staff_observed/?utm_source=share&utm_medium=web2x&context=3)(confirmed by the SEC report today), with other official numbers ranging anywhere from 122% to 140% to 226% due to greedy hedge funds and market makers shorting more shares than shares outstanding. +2. [We know that short interest is self-reported through a CSV and can be easily mis-reported for a small fine.](https://www.reddit.com/r/Superstonk/comments/nlwaxv/house_of_cards_part_2/) [Source 2: official FINRA self-reporting instructions mentions submitting CSV file.](https://www.finra.org/filing-reporting/short-interest/regulation-filing-applications-instructions) +3. [Short sellers with large short positions barely bought any GME shares back during the time frame of Jan. 19 to Feb. 05, with the overwhelming majority of buy volume coming from retail investors (figure 6 of the SEC report).](https://www.reddit.com/r/Superstonk/comments/qaxehb/weve_all_read_it_most_of_us_have_understood_itbut/?utm_source=share&utm_medium=web2x&context=3) + +Simply connecting these three dots that we already knew back in Jan but is now officially confirmed by the SEC, it already seems obvious that shorts did not cover and MOASS is inevitable, but we know much more so let's keep going. + +&#x200B; + +1. [Multiple brokers completely shut off the buy button on GameStop](https://www.reddit.com/r/Superstonk/comments/mtwbal/other_brokers_that_also_restricted_gme_trading/) on Jan 27, and then continued to restrict the buying of GME for weeks (such as Robinhood only allowing people to buy 1 GME share, and didn't allow you to buy any shares if you already owned more than 3 shares.) +2. High level Robinhood and Citadel employees were in contact with each other during this time as shown in the court filings of the Robinhood lawsuit, despite Ken Griffin testifying in Congress that they absolutely did not speak to each other. [Source: Go to page 53 of the robinhood lawsuit court filing.](https://imgur.com/a/7aZtK7y) +3. Robinhood testified in Congress that they were forced to turn off the buy button due to a sudden 3am request by the NSCC to post $3billion in cash, but then the NSCC later testified in front of Congress and said that they waived that $3billion margin call and that Robinhood made their own decision internally to shut off and restrict the buy button. [Source 1: Vlad claiming he had to restrict due to margin call.](https://www.cnn.com/2021/02/01/investing/robinhood-gamestop-vlad-tenev/index.html) [Source 2: NSCC CEO testifying that the margin call was waived, start listening at 1:05](https://www.youtube.com/watch?v=IuUkB0f1ZHA) + +Knowing what we know now, this means brokers shut off the buy button simply due to retail's positive sentiment around GME. + +Plus, back in the dark times of February (before the first great ape migration to the GME subreddit,) many feared that hedge funds took the opportunity to cover once the buy button was disabled (this was the biggest FUD spread by shills back in Feb), but as we can see from figure 6 of the chart, that was absolutely not the case. From Jan 28 to Feb 5th, short seller buy volume was extremely low compared to the total buy volume (again, see figure 6 of the SEC report). Although the SEC report is nothing new, it is absolute confirmation that the squeeze play is as valid as ever, perhaps even more so due to all the buying, voting, holding, and DRS'ing the past 10 months. + +Thanks to the amazing DD in this community, we also know a few more facts: + +1. [Short sellers, historically, do not simply do nothing when a stock they are short in goes up -- in fact, they short it even harder in an attempt to stabilize the price.](https://www.reddit.com/r/Superstonk/comments/nlwqyv/house_of_cards_part_3/) +2. 97% of retail trades never hit the lit markets and instead are re-directed to off exchanges where buy orders don't impact the price. [(source: Gary Gensler).](https://www.reddit.com/r/Superstonk/comments/qapykd/97_of_all_retail_trades_are_stolen_from_lit/?utm_source=share&utm_medium=web2x&context=3) + +To me, these two points suggest retail demand was so high that the price continued rising even with the short sellers continuing to short the stock. + +Thanks to u/Criand, [we better understand how the price went past $400 back in January even though nobody was direct registering back then and the shorts were still shorting hard as the price climbed up:](https://www.reddit.com/r/Superstonk/comments/q2f3o2/theory_on_the_january_sneeze_and_how_direct/?utm_source=share&utm_medium=web2x&context=3)it's because retail buy demand was so huge that it significantly surpassed the rate shorters can continue shorting. Even though the shorters had so much ammo from the un-registered shares, Criand explained borrowed shares still needed time to settle, so they didn't have unlimited ammo -- but once the buy button was shut off, and as we now know retail was the majority of the buy demand, demand was artificially lowered, giving the shorters time replenish their supply of shortable shares, allowing them to gradually short the price down to $40 in Feb. The shorts never covered, even though self-reported SI% decreased due to the various techniques they have of hiding their true short positions. + +Now, let's briefly talk about what happened to the Company since Jan, since the SEC likes to condescendingly remind us that GME is a real company. + +&#x200B; + +1. [GameStop established two large fulfillment centers, one in Reno, NV, and one in York, PA, to vastly expand product offerings and provide faster order fulfillment.](https://gmedd.com/news/gamestop-expands-fulfillment-to-reno-mirrors-chewy/) +2. [GameStop attracted hundreds of talented executives from thriving tech companies.](https://gmedd.com/transformation/gamestop-bags-chewy-vp-of-engineering/) +3. [GameStop raised $1.7 billion in cash and is debt free.](https://news.yahoo.com/game-stop-gives-investors-16-billion-reasons-to-care-about-the-meme-trade-morning-brief-091020855.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAJBp529dm6W09XMAw60qoNq-uqXa1VHewxVEXDgUqjE736KDk1Ko6DeMBy4_vz3s1Zvck5l7_rklR0DUuJP2fkOqLuOXbJQv8IRFbBGwTBvNGfolgiAeHd-MOOPOYH_0k6FZZV-5nYQJiLeH57r8Xd-_VyYkq4zl2teJXgaJE98y) +4. [Opened a new corporate office in Boston & Seattle to find the best tech talent, and a new South Florida & Minneapolis office. ](https://gmedd.com/dd/gamestop-goes-nationwide-new-offices-expand-corporate-footprint-to-boston/) +5. [GameStop revamped their online branding and redesigned the website and mobile app with an emphasis on better user experience. ](https://gmedd.com/transformation/gamestop-quietly-reveals-new-logo-goes-under-the-radar/) +6. [GameStop formed a social media response team (SMRT) ](https://twitter.com/GMEdd/status/1375239085334364169?s=20)to engage with customers and fans on Twitter, and to remedy any complaints. GameStop also rebranded their social media with a new black and white logo. +7. [GameStop subtly refreshed their iconic red and white logo with new colors and typography. ](https://gmedd.com/transformation/gamestop-quietly-reveals-new-logo-goes-under-the-radar/) +8. GameStop has drastically improved their ability to delight customers in unexpected ways -- recently [GameStop caught attention on Twitter because a customer showed an email that GameStop had sent them](https://twitter.com/Nintendeal/status/1456023722012385283?s=20). In the email, it said that GameStop had run out of pre-owned animal crossing games, so they will instead give customers who had ordered the pre-owned games brand new games at the same price of $9.99, effectively giving customers a $50 discount on a brand new game. +9. [GameStop has drastically expanded its product offerings](https://www.reddit.com/r/Superstonk/comments/p6djfa/gamestopcom_is_closing_in_on_40000_products/?utm_source=share&utm_medium=web2x&context=3) at competitive pricing, and they now [also price match other retailers. ](https://gamerant.com/gamestop-price-matching-competitors-in-store-now/) +10. [GameStop now offers fast and free shipping for orders over $35.](https://www.reddit.com/r/Superstonk/comments/p483jf/free_shipping_on_orders_35_papa_cohen_said_dont/?utm_source=share&utm_medium=web2x&context=3) I had ordered an oculus quest strap on the app, for example, and it arrived within 2 hours because GameStop had partnered with food delivery service apps like DoorDash to pick up these orders and deliver them. +11. [GameStop improved the Power Up Pro perks such as allowing members to get early access to a limited supply of gaming consoles before scalpers had access to them.](https://twitter.com/GameStop/status/1445788683865522187?s=20) +12. [GameStop has improved the look, feel, and marketing of their brick and mortar stores, according to a GameStop employee](https://www.reddit.com/r/Superstonk/comments/qp19km/today_is_my_four_year_anniversary_as_a_gamestop/?utm_source=share&utm_medium=web2x&context=3), which is what [Ryan Cohen wanted to do after he went undercover in stores. ](https://gmedd.com/transformation/ryan-cohen-to-revitalize-retail-an-inside-look/) +13. [GameStop secures new liquidity, $500M Asset Based Credit Facility](https://gmedd.com/news/gamestop-secures-new-liquidity-500m-asset-based-credit-facility/) +14. [GameStop rebranded EB Games, a brand in Canada, back to GameStop. ](https://gmedd.com/news/ebgames-in-canada-to-rebrand-as-gamestop/) +15. [GameStop established its first US based customer service office in South Florida, hiring over 500 employees, with the office expected to be operational by the end of 2021](https://gmedd.com/news/gamestop-hiring-500-new-employees-in-south-florida/) (note: this office may be to support their new Non Fungible Token (NFT) marketplace, which will be discussed in Factor 6, because [internet sleuths discovered the domain support.nft.gamestop.com leads to a zendesk page.](https://gmedd.com/blockchain/clues-point-towards-gamestop-launching-nft-marketplace-with-leading-crypto-technology-company-loopring/)) +16. [GameStop is working on a secret NFT project with some of the most talented people coming out of retirement to work on this project.](https://gmedd.com/transformation/gamestop-to-bridge-traditional-e-commerce-and-blockchain/) + +&#x200B; + +The fundamentals on GameStop have always been strong and have only gotten stronger -- it was never actually in risk of bankruptcy even in January, as the legendary DFV pointed out, the tailwinds of the console cycle would've kept the company going for many more years anyways. I'm sure many of you have also seen the recent Linkedin article in which the author states "Fundamentally, the DCF valuation gives the stock an intrinsic value at $769, making GameStop severely undervalued." + +Finally, I'll end with two very important facts; + +&#x200B; + +1. [Computershare updated their FAQ](https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies)to reveal that they give all companies the ability to see a live view of all their registered shareholders. That means GameStop and Ryan Cohen knows exactly how many shares are direct registered. Ryan Cohen sees you when you DRS! Source: See ["what are the benefits of being a registered shareholder?" in the FAQ.](https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies) +2. Every single share that is direct registered is exactly one share that is removed from Cede & Co(which holds the shares on behalf of the DTC). See ["How does Computershare ensure there is a balance between shares that are directly/indirectly held?" in the FAQ.](https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies) + +Thanks again to u/Criand, we know that every share that is direct registered means one less ammo the short sellers have against us. As we continue to direct register shares, Criand hypothesizes that we should see borrow rates increasing again due to the lower supply of borrowable shares. + +Regardless of how many Computershare accounts there are, we know that the number of accounts are steadily increasing, and the average shares per account is also increasing due to many people first only buying a few shares or transferring a few shares to test it out before transferring more over to Computershare. + +We also know that brokers like TD Ameritrade are struggling to send an earnest request to the DTC to transfer shares to ComputerShare, perhaps suggesting they never even owned the shares in the first place. + +That's why DRS is the way, and I'm feeling really good today thanks to all of you that have continued to examine the facts to continue to believe, hold, vote, and DRS. + +&#x200B; + +EDIT: Stay tuned, I will be gradually linking each bullet point to high quality DD or sources as soon as I have time. I just wanted to get this post out there as fast as possible for the people who are hearing about GME again thanks to the SEC report. Some people may have dismissed GameStop back in Feb. due to the FUD that the squeeze is over, but now there is absolute confirmation the squeeze has not even begun. If you'd like to help me find the sources to the numbered lists, please DM me them and I'll add it. + +Update: All the facts in this post have been link to either high quality DD or sources. +In 2011-2012, I invested in 14 properties in the Detroit suburbs. Buy, rehab, rent. Long story short, amazing investment for about 2 years and then everything fell apart as my property manager was a crook. I exited the properties over a one year period. It was a nightmare. Despite everything, I ended up making a 97% profit on my initial investment after 2.5 years despite making a TON of mistakes. + +I've always thought about how well this investment could have done if I knew more. Am I crazy to think about investing again in Detroit (or a similar area with low property values)? I should mention I have a sizable portfolio of REITS and private real estate investments that have in general performed very well. +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! + +With the crazy volatility going on, it’s easy to let the FOMO get the best of you and deploy all your capital on stocks that are down for today/this week, only to have the stock crash further. It’s important to know when to just sit on your hands and ride it out for a bit. Some of you are playing ThetaGang like you would WSB/PennyStocks +I have a job offer for a government contractor (W2 with full benefits) and also one for a GS13 job. The contractor job would take home about 25% more after taxes, insurance, etc. The schedule for the GS job would be better on the family, and we'd likely have to hire someone to do after school care at least a few days a week with the contractor job. I'd also be eligible for a pension if I stayed for 5 years as a GS (I have 15 years of military time I can buy back). + +I'm 36, wife works full time, 3 young kids. We're pretty well off right now - only debt is a mortgage and even after the recent market bloodbath we're sitting at around 500k in retirement accounts. I'll also likely get a small military pension that I can collect starting around age 56. We don't live extravagantly by any means and save quite a bit. + +Part of me wants to go for the fatter check now and maybe be able to retire a year or two earlier, but the other part thinks it's not worth it because it will likely be harder on the family. I also worry somewhat about a recession causing the contractor job to go away. + +Thoughts? + +Edit: thanks y'all for all the feedback so far (except for that one guy who thought I was humble bragging about needing career advice). To address a couple recurring questions/comments: + +- I didn't leave the military at 15 years. I got off active duty at ~11 years and am a current reservist with a bunch of active reserve time that I can buy back, for a total of about 15 + +- Because I'm a reservist I would be able to use Tricare with the contractor job, but not with the GS job. Premiums and deductibles are a lot cheaper with Tricare, so the health insurance side of benefits would be cheaper with the contractor job + +- PTO with the contractor is 20 days + +- Contractor job is through a large firm, and it's a brand new contract. Not sure how long it's for + +- Contractor offers 6% 401k matching. GS is 5% for TSP + +- GS job would be with DOD, in almost exactly the same role as I'm currently working as a reservist. They're essentially turning my current military job into a GS13. It's pretty much a dead end as far as career progression in this office, but I also don't expect to be in this location for more than 5 years regardless so I'm not super concerned about that + +- Not sure about how much after school care would be. Call it $50 a day based on what we currently pay for here and there care, but I don't know if needing something long term would make that higher or lower. +I'm sure this has been asked, but what are some 9-5 jobs you day traders work that allows you to have time to trade during peak hours? Sales, Software engineer, etc.? +Long story short, we ordered a table set from them. It didn't arrive complete and eventually the chairs were out of stock, so we returned it. My husband has confirmation of this. They didn't refund anything, so he inquired. They said because he had a chargeback open (this has dragged on for nearly three months now), they couldn't refund him. He canceled it against my warnings that this was not for him to solve. Now it's been weeks since we returned the items and they won't refund us at all or get in touch with us about it. It's like a scam company or something. I've never seen anything like it. + +Are we totally screwed since he canceled the chargeback (ARGH, no need to lecture me, I WARNED HIM NOT TO DO THIS...he says he was desperate and just wanted the money)? He can't reopen it. But there has to be some recourse here. They are literally holding on to OUR money. Is there anything? + +Also, never, EVER order from [Overstock.com](https://Overstock.com). + +EDIT! + +I was not clear in writing this initially. + +We DID deal with Overstock for a month before doing the chargeback. OMG, what a dick move to not even deal with the vendor first. That's not how I roll at all. + +We paid with a credit card. I don't approach chargebacks as a way to get free shit. We just wanted the table we ordered, and they were not being responsive or helpful in any way, shape or form. In my mind, that's when you have to turn toward the protection of your credit card. + +Look up their reviews. My story is far from an isolated incident. + +Thanks, everyone. +Anyone else surprised by stealth fat fire careers/lifestyles? Wife and I have been working tech at FAANG for more than a decade now and the compensation has been more than comfortable but that’s basically publicly known. + +Last week, we met up with an old friend of mine who entered the Air Force Academy (I had no idea this was even a college) when we were young. Well him and his wife just recently retired from the military in their 40s with a combined pension of ~100k w/ all the benefits and I know for a fact that they have retirement and property investments. Both just got hired and knowing the company’s pay structure they’re likely bringing in 300k + on top of their pension! + +I was shocked and had no idea this ‘other’ world existed. Maybe it’s just me since my immigrant parents drilled down finance, medicine etc as the path to fatfire. +[S&P 500 rises for a 7th straight day after strong jobs report, best winning streak in 10 months (cnbc.com)](https://www.cnbc.com/2021/07/01/stock-market-open-to-close-news.html) + +>Stocks rose on Friday and the S&P 500 hit another record high after the June jobs report showed an accelerating recovery for the U.S. labor market. +> +>The broad market index rose 0.75% to 4,352.34, while the tech-heavy Nasdaq Composite climbed 0.81% to notch its own record at 14,639.33. The Dow Jones Industrial Average added 152.82 points to close at 34,786.35. The S&P 500 has now risen for seven consecutive sessions, its longest winning streak since August. +> +>Solid moves by major tech stocks helped support the overall market on Friday, with shares of Apple and Salesforce rising by nearly 2% and 1.3%, respectively. Microsoft jumped 2.2%. +> +>For the week, the Nasdaq Composite rose nearly 2%, while the S&P 500 and Dow climbed 1.7% and 1%, respectively. Several sectors closed at record levels on Friday, including tech and health care. +> +>The strong week on Wall Street was spurred by a string of solid economic reports, capped by a better-than-expected jobs report on Friday morning. +> +>The economy [added 850,000 jobs last month](https://www.cnbc.com/2021/07/02/jobs-report-june-2021.html), according to the Bureau of Labor Statistics. Economists surveyed by Dow Jones were expecting an addition of 706,000. The print topped the revised 583,000 jobs created in May. +> +>“This is a strong report and should be taken as a sign of things to come for an accelerating labor market,” Aberdeen Standard Investments deputy chief economist James McCann said in a note. +> +>Angelo Kourkafas, an investment strategist at Edward Jones, said that the report showed solid growth but wouldn’t change the Fed’s policy path, hitting a sweet spot for markets. +> +>“I think it was one of these goldilocks-type of reports, because hiring accelerated -- which is a positive sign for the second half and the recovery -- but not so much that it would trigger a reaction of an accelerated timeline for the Federal Reserve to start tapering,” Kourkafas said. +> +>In addition to the job gains, average hourly wages rose 0.3% for the month and are up 3.6% year over year, matching expectations. +> +>Goldman Sachs chief economist Jan Hatzius said that the report eased concerns about a labor shortage. +> +>“I think we also learned that the explanations for the weaker numbers from April and May -- namely that seasonal probably weighing on job growth and probably some impact from the unemployment benefits on labor supply -- that those were pretty good explanations. So I think it was reassuring, in that sense,” Hatzius said on CNBC’s “[Squawk on the Street](https://www.cnbc.com/squawk-on-the-street/),” adding that the unemployment rate coming in higher than expected showed that the recovery still had a long way to go. +> +>The S&P 500 has now risen in five of the past six weeks, while the Nasdaq has gained in six of the past seven weeks. +> +>Even with the recent strength for stocks, market strategists say that uncertainty about the future of the Fed’s asset purchases and the upcoming earnings season could keep stocks from making major gains in the near term. +> +>“The market is still very much concerned about the Fed’s reaction function,” said Max Gokhman, head of asset allocation at Pacific Life Fund Advisors, adding that he thought there was still a lot of slack in the labor market. +> +>One weak spot for the markets this week was small caps, as the Russell 2000 slipped 1% on Friday to finish negative for the week. +> +>On Friday, shares of Boeing fell 1.3%, weighing on the Dow, after a 737 cargo plane made an [emergency landing off the coast of Honolulu](https://www.cnbc.com/2021/07/02/boeing-cargo-plane-makes-emergency-landing-in-ocean-off-honolulu-coast-faa-says.html?utm_term=Autofeed&utm_medium=Social&utm_content=Main&utm_source=Twitter#Echobox=1625234441). IBM’s stock fell 4.6% after the company [announced that president and former Red Hat CEO Jim Whitehurst was stepping down](https://www.cnbc.com/2021/07/02/ibm-president-jim-whitehurst-steps-down-after-red-hat-deal.html?utm_term=Autofeed&utm_medium=Social&utm_content=Main&utm_source=Twitter#Echobox=1625240953). +> +>The U.S. markets will be closed on Monday for the July 4 holiday.z +# Edit 5: see comment and unjack tits accordingly. These seem to be NFTs that were airdropped into the account that Gamestop is using to move money. The Gucci bear knockoff trail is too convincing for me not to strike this for now. [https://www.reddit.com/r/Superstonk/comments/t4bs4r/i\_may\_have\_found\_the\_treasure\_trove\_of\_gamestop/hyyzlwr?utm\_medium=android\_app&utm\_source=share&context=3](https://www.reddit.com/r/Superstonk/comments/t4bs4r/i_may_have_found_the_treasure_trove_of_gamestop/hyyzlwr?utm_medium=android_app&utm_source=share&context=3) + +~~Edit 4: Please Read Before Continuing! Mods, feel free to label this inconclusive until we figure this out.~~ + +>~~A) So people are saying the NFTs are all being sent from one address to a bunch of different addresses, and that this a scam. I can confirm the NFTs are being sent to multiple addresses, including this one. Check here for the most recent transaction.~~ [~~https://etherscan.io/tx/0x2a4e95fa7b462f8d6dc8f73f974fc3593c987f7683aa06d60746770aea7b261e~~](https://etherscan.io/tx/0x2a4e95fa7b462f8d6dc8f73f974fc3593c987f7683aa06d60746770aea7b261e)~~.~~ +> +>~~B) Did a little more digging and all of these NFT transactions are pretty recent and still ongoing. Is someone tossing fake NFTs onto a wallet that happens to be receiving millions in IMX tokens from Gamestop? They're paying over $100 in transaction fees per transaction. And not every wallet is getting the same NFTs.~~ +> +>~~IMX started sending the tokens on 2/1. These NFTs started showing up on 2/24. At that point there were still 2M IMX tokens being sent over every time, until 3/1. I'm not sure if this is a scam or the actual beast moving into place. I'll dig some more. Thanks for the comments everyone, this may be a nothingburger or the actual marketplace, we'll see.~~ + +~~Ok so I have no idea if someone found this first, but I would imagine the hype would be dialed to 11 if this is legit. It seems legit, but my tits have already fallen off so they can't get jacked any more. I stumbled onto this and am rushing to write this up so the community can go ahead and look through these. Enjoy!~~ + +**~~TL;DR~~** + +~~It appears the address where Gamestop is sending a lot of its IMX tokens has been minting NFTs from some big names, including Gucci, Louis Vuitton, Nike, Adidas, and even Snoop Dogg and Elon Musk! A lot of these transactions have been happening in the last few hours, some are from the last few days. I think we're finally getting the "content" for the marketplace!~~ + +# Main Course + +~~Fuck appetizers, leggo!~~ + +**~~You can find the different NFTs being minted~~** [**~~here~~**](https://etherscan.io/tokentxns-nft?a=0x1157a2076b9bb22a85cc2c162f20fab3898f4101&p=1)**~~!~~** + +~~Not all have the actual images, but some do. I've seen like 3 Gucci NFTs that are bears spinning around. Like this one, for example:~~ + +https://preview.redd.it/23yp7qjnosk81.png?width=1880&format=png&auto=webp&s=a8d7773173b4c067f20fc6426aa192e48a70b767 + +~~EDIT 1: someone pointed out the "Original Content URL" appears to be a scam bc it's 'guccl' instead of 'gucci'. I clicked on it and it appears it's just a link to the gif, so no worries. Thanks for pointing that out~~ u/nullstate7~~.~~ + +[Edit 1](https://preview.redd.it/lb5azc0oxsk81.png?width=1909&format=png&auto=webp&s=368bd134c71596525b383df8900d05748760d828) + +~~So how did I stumble on these? Well, I was reading some of the recent posts on here regarding the IMX milestones and decided to make a Sankey diagram to figure out where the money is headed (Haven't make that post yet). By happenstance, while tracking the erc20 IMX transactions and putting them in a spreadsheet, I saw a tab for erc721 tokens and clicked it and found these.~~ + +# Which Wallet is This In? + +~~Once I make the diagrams I want to make, I'll do a separate post, but here's what I did if you want to follow my work.~~ + +~~GME has been receiving its IMX tokens for its milestones at this address:~~ **~~0x8c1dcea14acce463d8806928860899ad6c8f615b~~** + +~~That address was sending a whole bunch of IMX tokens to this other address:~~ **~~0xb7fabf725d60700ff57bae72b666dc55646cde48~~** + +[That's tens of millions of dollars fyi](https://preview.redd.it/cqxd4cy9qsk81.png?width=1383&format=png&auto=webp&s=d943e12b77249b83aa2cf73357c4bd36350d4c7e) + +~~And this wallet was sending all that money to this other wallet:~~ **~~0x1157a2076b9bb22a85cc2c162f20fab3898f4101~~** + +[Look at the transaction dates and amounts 👀](https://preview.redd.it/ysi6zdxsqsk81.png?width=1385&format=png&auto=webp&s=cc7990e98bd1dfb4c921bdb14ab9f6e436b9b81d) + +~~This last wallet is the one with the NFTs.~~ + +[That last Gucci NFT is the bear one I copied above](https://preview.redd.it/wwiqpd79rsk81.png?width=1882&format=png&auto=webp&s=55953a7fb98bada4468c37c0b3d3eab430e38ea7) + +# Snoop Dogg Gets His Own Title + +~~Da da da da da it's the motherfucking d-o-double-g. SNOOP DOOOOOGG!~~ + +~~I legit have goosebumps writing this because we have some big names in these NFTs. This marketplace is going to be a lot more legitimate than anyone outside the loop expects. And imo it legitimizes some thoughts we had about potential partners, including Snoop Dogg, who has historically been bullish on Gamestop. Snoop Dogg if you're reading this, let's smoke a joint together post-moass, yea?~~ + +[Pic not showing yet, really wanna see what these look like 😅](https://preview.redd.it/2r16aat9ssk81.png?width=1861&format=png&auto=webp&s=fca08440867a5540c25bcc10f170acb4c8d12d58) + +~~And here's a bonus Elon Musk NFT 😁~~ + +[Pic not showing yet, but there we go](https://preview.redd.it/lsn1a7rissk81.png?width=1882&format=png&auto=webp&s=88fd32a10191de45ba9d2a27bcc150ec3c5815aa) + +~~Jack tits accordingly.~~ + +~~Edit 2: Inspiration post this is built on:~~ [~~https://www.reddit.com/r/Superstonk/comments/t0kp48/gme\_is\_letting\_us\_track\_the\_progress\_of\_the\_nft/?utm\_source=share&utm\_medium=web2x&context=3~~](https://www.reddit.com/r/Superstonk/comments/t0kp48/gme_is_letting_us_track_the_progress_of_the_nft/?utm_source=share&utm_medium=web2x&context=3) + +~~Edit 3: I've gotten some comments about the Gucci NFTs being fake because those were a limited series and it appears that there are addresses that mint a bunch of these and send them to different addresses. I've had 2 apes send me examples of this, though none of those interacted with this wallet. If someone has evidence that these are fake, please let me know and I'll edit the post as needed. The argument "those were a limited edition, so these are obviously fake" isn't a good enough comment. I'm looking for and sharing verifiable data I've found. And I can't ignore that Gamestop sent millions of dollars worth of IMX to and through this wallet. I've had apes confused about the link to Gamestop, so here's the link as simple as I can make it:~~ ***~~IMX --> Gamestop --> Wallet A --> Wallet B (the one minting the NFTs).~~*** ~~Where the money goes after that? You'll have to wait for my next post...or like...look this up yourself, it's all public and I give you everything you need to look all this up yourself.~~ +2 years ago, I was in a demanding well paid job (Sales Engineering) where despite the perks, pay and status I found myself often day dreaming about retiring to a tropical island and checking on my FIRE spread sheets to see how close I am. After a lot of soul searching, I decided to quit. Went on a mini retirement for a few months and switch to a much easier job I knew I could coast in at a 40% paycut. This is a follow up to [the original post I made at the time](https://www.reddit.com/r/financialindependence/comments/96jo5r/your_fire_obsession_may_be_a_symptom_of_stress/). + +&#x200B; + +That was hands down the best decision I have made for my quality of life. My outlook of life and future has changed rather dramatically since then but here is a brief list of things I did and lessons I learned: + +&#x200B; + +**TL;DR**: Mini-retirement and switch to lower stress role completely changed my outlook of work. I went from wanting to FIRE ASAP to wanting to go back to work and stay there. The change has persisted for 2 years now. I now no longer see myself ever fully retiring. I should be FI in about 6 years but I don't see it changing much in my life. + +&#x200B; + +**Events**: + +* Setting up 3 month mini retirement: After I quit my job and landed the new role, I realized I hadn't had more than a week off in my entire adult life. I decided it was foolish to plan the rest of my life to work for retirement but never even sample it. And man am I glad I did. I negotiated a delayed start date with my new manager. He had worked with me before and wanted me badly on the team so he agreed. +* First month off: During the first month off I did exactly the type of thing you'd expect someone released from the bondage of work to do. I flew across the country. Drove down the west cost all the way from Canada to San Diego and back, camped in national parks all the way through. Visited family and friends all over the country. +* Emulated retired living for 2 months: The next two months I intentionally tried not to treat my time off as a big vacation and use this time to learn how life would be after retirement. At first many of my days became really unproductive and overshadowed by a feeling of uselessness and slow decay. I usually have no trouble with motivation but I found myself struggling to do much more than play games all day in my PJs. This is when I learned that I have very different mindsets for when I want to get shit done and relax. In order to put myself in the right mindset I started to structure my days a little more. Wake up at a certain time and get a morning routine: shower, coffee, walk. Work on a few personal projects for a few hours to feel a sense of accomplishment. One thing that I started to miss a lot was the social contact at work. Seeing my friends frequently quickly became a very important part of my life during this time. +* New role (QA Engineer): My new role turned out to be exactly as relaxing as I had remembered. There is this implied social narrative that all jobs are equally challenging especially if they pay similarly. Nothing could be further from the truth. No one will openly admit they have an easy job. On top of the fact that very few people have had more than 1 serious career and thus have no accurate way of comparing to other positions. This is my third (did software development as well) and I can confirm that the level of overall stress and cost/benefit ratio between roles even in the same company can be drastically different. + +&#x200B; + +**Lessons learned**: + +* FIRE (specifically RE) fantasies were nothing more than sophisticated tools of escapism. Once I eliminated the main sources of stress from my job, I automatically stopped living in the future. It is an unhealthy way of not living in the present and living life to the fullest. +* Work provides a lot more than money for most people. Much more than people give it credit for and most of it unappreciated. It's also a major source of structure, socialization, challenges, recognition, sense of accomplishment, identity and sense of purpose. In it's absence, you have to recreate a lot of these things on your own except often not as successfully and without the money or motivation. +* Socialization outside of work is really difficult. If you already have a well established social circle and do not plan to move, you might be fine. But if you are planning on meeting people, it will become exceedingly difficult to form strong bonds. Strong bonds often require suffering shared negative experiences together. School and work have a natural way of doing just that. Recreating that when the baser needs are satisfied is much harder than it seems. +* Never settling for a stressful position. The only regret I have is me trying to hang on to positions that were actively hurting my health and not appreciating the amazing life experiences that were passing me by. The money I traded those experiences and my limited time on earth for, has already lost much of its significance. + +&#x200B; + +By the end of the 3 months I was aching to get back to my work routine. HR messed up my start date in the new position by pushing it forward a week and I was disappointed enough in it that I asked the manager to get it fixed so I can start when I wanted. +Spending a lot of time at home in this pandemic, and have been trying to make more home more... zen... and more luxurious. + +What homeware products have you really come to appreciate? Expensive body washes? Table and bath linen? Fresh flowers every few days? Expensive indoor plants. + +Sorry, not sure if this is a FAT topic, just want to up my home comfort. Thanks! +Been rebalancing and selling off portions of funds I own as well as individual names + +I can’t see a case for near term growth with + +Wages going up +Transit costs and times going up +P/e and other ratios absurdly high +Property market cooling +Fed policy moves + +Am I the only bear in the crowd? + +I want to put money back to work eventually ( I’m thinking in about 3-6 months) + + +I still have plenty of equities, just sitting at about 30 percent cash now and will probably keep selling towards 35-40 +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! + +**See this article below:** + +https://www.businesstimes.com.sg/companies-markets/credit-suisse-dangles-sweetened-rates-rebuild-depleted-assets + +**Some of the important excerpts:** + +*Credit Suisse Group bankers are trying to entice rich clients with higher-yield notes and bonus deposit rates in a bid to quickly recoup as much as possible of the almost US$90 billion recently pulled from the bank.* + +... + +*"The huge outflows are putting de Ferrari, who only took up his current role in January, under intense pressure from Chairman Axel Lehmann and chief executive officer Ulrich Koerner to bring back assets, the people said.* + +... + +*“We are in close contact with our wealth management clients as we implement our new strategy,” a spokesperson for Credit Suisse said.* + +... + +*Ferrari’s task is complicated further by the knock-on effects of the massive withdrawals including reduced liquidity, and the declines in global markets that have prompted margin calls at a time when client relationships are already strained.* + +... + +*Last week Lehmann said that the bank had already reached out to some 8,000 wealth-management clients covering about 80 per cent of assets under management.* + + +**My take on this:** + +As I wrote in the title, this kind of action was predicted by the DD writers of old. That is, for Wall Street Prime Brokers (such as Credit Suisse), after years of collusion, to eventually turn on their Hedgie customers when their own necks are on the line. The fact that they are already margin calling thousands of Hedge Funds is surely extremely bullish. + +It may only require one of those Hedge Funds to fail the margin call, to subsequently lose their ability to adequately price suppress GME as they have been. And if that happens, and a price run-up gets triggered as a result, it could set off a chain reaction that leads to many other margin calls to bigger/more exposed Hedge Funds. Including potentially ones such as Citadel Advisors...and that means: **End Game**. Here's hoping! +For starters, I have zero investment experience. My mom passed away last year and had a life insurance account nobody knew about which I inherited 84k from tax free. + +I'm good at saving money, but that's about it. I'm 23 and have like, 1.6k in a Roth IRA my employer made me create. I finish school for graphic design in fall of 2023 and have a little over 6k in federal loan debt. I also have a life insurance fund from my father that pays me 1.1k each month which will end when I'm 26. It pays my rent and car loan, which still has 4.5k on the left of the loan. + +I figured I should give a decently detailed description of what my situation looks like. I think I should also say my students loans aren't accruing any interest while I'm in school, and my car loan's interest is around 3.2%.